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DONALD TRUMP IS THE SWAMP!

DONALD TRUMP IS THE SWAMP!

Frontrunning: October 9

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  • Thaler, Famed for ‘Nudge’ Theory, Wins Nobel Prize in Economics  (BBG)
  • Republicans Worry About Keeping Trump’s Middle-Class Tax Promise (BBG)
  • Catalan leader under pressure to drop independence (Reuters)
  • Spain Warns Catalonia Independence Bid Risks Economic Meltdown (BBG)
  • U.S. Asks Allies to Cut Off North Korea (WSJ)
  • “In 2004, I was the reporter at NY Times asked to look into allegations of sexual misconduct by Weinstein" (The Wrap)
  • Merkel’s Bloc Agrees to Limit Number of Refugees Entering Germany (WSJ)
  • Wall Street Firms Gambled on Puerto Rico. They’re Losing (NYT)
  • ECB still concerned about existing stock of bank bad loans: Mersch (Reuters)
  • U.S., Turkey Halt Visitor Visas Amid Diplomatic Spat; Lira Tumbles (BBG)
  • Amazon Has a Luxury Problem (WSJ)
  • Training Ground for Military Trauma Experts: U.S. Gun Violence (WSJ)
  • Moscow warns it may restrict U.S. media in Russia (Reuters)
  • Banks Pine for Loan Growth as Clients Wait on Trump’s Promises (BBG)
  • Some of TV’s Greatest Hits Move From Netflix to Well-Funded Hulu (BBG)
  • Flint’s River of Poison (BBG)
  • UAE Official Urges Qatar to Give Up World Cup to End Crisis (BBG)
  • Fed’s Dudley Sent Puerto Rico a Cash-Filled Jet as Money Ran Low (BBG)
  • Trump Pours Millions Into Money-Losing Scottish Golf Course (BBG)
  • How a Silicon Valley Striver Became the Alt-Right’s Tech Hero (BBG)

Overnight Media Digest

WSJ

– Over 20 nations have curbed North Korean diplomatic activities, more than a year after the U.S. State Department began a quiet global campaign to pressure Pyongyang. on.wsj.com/2wGy9Kn

– The White House sent Congress an expansive set of principles that would increase immigration enforcement at the border and inside the U.S. and would limit new legal arrival. on.wsj.com/2wI6fhb

– Weinstein Co’s board of directors fired co-chairman Harvey Weinstein from the independent movie and television studio on Sunday, citing allegations of sexual misconduct by one of the highest-profile producers in Hollywood. on.wsj.com/2wHTjrL

– German Chancellor Angela Merkel’s conservative bloc agreed to limit the number of refugees allowed to enter the country annually, in an attempt to bridge its differences on migration and form a much-needed united front in upcoming coalition talks. on.wsj.com/2wHoiE6

– Deutsche Bank CEO John Cryan has told associates he wanted nothing to do with Chinese conglomerate HNA, the bank’s largest shareholder. The iciness has irked Chairman Paul Achleitner, who helped woo HNA. on.wsj.com/2wGt8l9

– The Pentagon has taken over an effort to cut the cost of the F-35 combat jet, after rejecting plans proposed by Lockheed Martin and its partners, as it tries to make a program estimated to cost $400 billion more affordable. on.wsj.com/2wHOsGE

– Walt Disney’s Marvel Entertainment dropped a planned joint venture with Northrop Grumman Corp on Saturday after fans of its superheroes attacked the company via social media for its potential ties with the defense contractor. on.wsj.com/2wHa8mo

 

FT

– The City of London Corporation announced plans for a centralised court focusing on fraud and cyber crime. The new courtroom complex would be located on or around Fleet Street.

– “Ball is in their court”, Britain’s Prime Minister Theresa May is expected to tell other EU countries, as she pushes to make progress in deadlocked talks.

– European regulators raided offices of banking authorities in Poland and the Netherlands on an antitrust crackdown on lenders that block fintech rivals from gaining legitimate access to customer information.

– SoundCloud rival Mixcloud has struck a licensing deal with Warner Music to start a subscription business.

 

NYT

– The Weinstein Company fired its co-founder Harvey Weinstein on Sunday, after an investigation uncovered allegations that he had engaged in rampant sexual harassment. nyti.ms/2hZR9kN

– The expensive science-fiction sequel "Blade Runner 2049" collapsed at the North American box office over the weekend, taking in $31.5 million, or roughly 30 percent less than analysts had expected, as younger audiences and women failed to materialize in sizable numbers. nyti.ms/2hXB8LQ

– Dove dropped a Facebook ad for Dove body wash in which a black woman removes her brown shirt and underneath is a white woman in a light shirt. nyti.ms/2hZUpN3

 

Canada

THE GLOBE AND MAIL

** The Canada Revenue Agency has indicated that employee discounts will now be taxed. The CRA issued a recent tax "folio" indicating that employee discounts are to be considered taxable benefits, and part of their income. tgam.ca/2y4lZPw

** The Liberal government is attempting to move past the divisive debate on pipelines by forging a national energy strategy that promotes the transition to a low carbon economy while supporting oil and gas development. tgam.ca/2y4dIuR

** The flow of Canadian lumber into the United States should be embraced and not feared by Americans, Canada has told the United States International Trade Commission. The Canadian government is leading efforts to persuade the ITC to reverse January’s pro-U.S. decision in the cross-border trade dispute after the ITC issued a preliminary ruling in January, saying Canadian softwood is harming the United States lumber sector. tgam.ca/2y3cj7Q

NATIONAL POST

** Tim Hortons franchisees who created an association to address their grievances with parent company Restaurant Brands International Inc have filed a C$850 million ($678 million) class action lawsuit against the company, alleging the fast food operator is trying to intimidate its restaurant owners and force the franchisees who formed the group out of their restaurants. bit.ly/2y3WnlK

** A 37 year old woman and her young twins died following an early morning fire in Quebec’s Gaspe Peninsula on Sunday. Police spokeswoman Helene Nepton said there was a brief evacuation involving a dozen neighbours and none were injured. bit.ly/2y2Jg4b

 

Britain

The Times

– Pressure on the Bank of England to raise interest rates may be building more rapidly than first thought after a mistake by the Office for National Statistics led to domestic inflation being understated. bit.ly/2y2GAUq

– Aviva, one of Britain’s biggest property owners, has predicted the death of the traditional shop, as it warns that most physical stores on the high street will be wiped out by the relentless rise of online shopping. bit.ly/2y30myY

The Guardian

– Deliveroo is facing battles with local authorities over its use of kitchens on car parks and industrial estates in which chefs are making takeaway food for hip restaurants such as MEATLiquor, Busaba Eathai and Notting Hill’s Cocotte. bit.ly/2y31a6Y

– An internal study by EY of UK buyouts and merger deals involving foreign firms showed that the value of purchases of British-owned businesses fell in the first nine months of the year to its lowest level since 2010. bit.ly/2y3lV2u

The Telegraph

– Monarch Airlines’ private equity owner Greybull slashed its exposure to the airline through a complex deal with aviation giant Boeing just a year before it collapsed. bit.ly/2y3257q

– Swedish banking giant Handelsbanken has said it is committed to expansion in the UK, but added that it wants to see clarity on the terms of Brexit this year. bit.ly/2y1T0Mh

Sky News

– The board of Bread Holdings, which comprises Gail’s and Bread Factory, a wholesale business, has appointed KPMG to advise on options for the company. bit.ly/2y2lu8v

– RBS chairman Howard Davies warned there is now a "very, very, very tight" time frame for ministers to agree the terms of a transitional Brexit agreement with the EU, if it hopes to stop major finance firms moving jobs abroad. bit.ly/2y1Ywyn

via Zero Hedge http://ift.tt/qouXdu

October 9, 2017 at 07:55AM




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