Economy
Fed again cuts interest rates as economic growth slows (TS)
“We now have a phase one trade agreement with China, which, if signed, could go toward reducing trade tensions, and would bode well for business confidence over time,” he said. In addition, “It appears that the risk of a no-deal Brexit seems to have materially declined,” he noted.
Dow Jones Futures Fall On China Trade Deal News; Apple, Facebook Lead Big Earnings Movers (Thomas R.)
Dow Jones futures fell 0.3% vs. fair value, while S&P 500 futures dipped 0.2%. Nasdaq 100 futures clung to a gain of 0.1%. Apple is the world’s most valuable company and a member of the Dow Jones, S&P 500 index and Nasdaq composite, while Facebook stock is an S&P 500 and Nasdaq megacap.
Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Police blew up an innocent man’s house in search of an armed shoplifter. Too bad, court rules (Sparky1)
The Lechs had sued under the Fifth Amendment’s Takings Clause, which guarantees citizens compensation if their property is seized by the government for public use. But the court said that Greenwood Village was acting within its “police power” when it damaged the house, which the court said doesn’t qualify as a “taking” under the Fifth Amendment. The court acknowledged that this may seem “unfair,” but when police have to protect the public, they can’t be “burdened with the condition” that they compensate whomever is damaged by their actions along the way.
The Global Protest Wave, Explained (tmn)
Democracy’s once-steady growth around the world has stalled, and is maybe beginning to reverse.
For the first time since World War II, the number of countries moving toward authoritarianism is exceeding the number moving toward democracy, according to a recent study by Anna Lürhmann and Staffan Lindberg of the University of Gothenburg in Sweden.
Yes, Virginia, There Is A Deep State And It’s Feeding The Anti-POTUS Mob (Matt H.)
Stated more crudely, Washington overthrew the duly elected government of Ukraine in early 2014 because its leader was deemed too cozy with Moscow. And in the vanguard of that illegal meddling in the governance of a sovereign foreign state was Obama’s state department led by neocon Assistant Secretary Victoria Nuland, Washington’s self-appointed roving proconsul John McCain and at length Vice-President Joe Biden.
White House Ukraine Expert Sought to Correct Transcript of Trump Call (TS)
Colonel Vindman did not testify to a motive behind the White House editing process. But his testimony is likely to drive investigators to ask further questions about how officials handled the call, including changes to the transcript and the decision to put it into the White House’s most classified computer system — and whether those moves were meant to conceal the conversation’s most controversial aspects.
Russia To Stop Using Internet (AKGrannyWGrit)
The first phase of the testing is already scheduled to take place in November and will see the regular global Internet temporarily replaced with a national system known as RuNet. The experiment is also intended to shield Russian communications from cyber-attacks from government hackers from the US and UK.
White House Pressed Car Makers to Join Its Fight Over California Emissions Rules (jdargis)
Carmakers have long feared that Mr. Trump might retaliate, either with tariffs or trade restrictions, if they didn’t support his effort to dismantle the rules, which were designed to fight climate change. After California struck its deal with the four automakers, the administration and Justice Department pushed a series of unusual legal and policy moves against the state and those companies — including an antitrust investigation — that were widely perceived as retaliatory.
Welcome to “Cancer Alley,” Where Toxic Air Is About to Get Worse (jdargis)
Though the air quality here has improved significantly since the 1980s, as it has in the rest of the nation, the recent history is less encouraging. Not only is toxic air pollution in Louisiana’s industrial belt rising in absolute terms, the estimated air quality relative to its peers is getting worse, an analysis by ProPublica, The Times-Picayune and The Advocate found.
Greta Thunberg turns down environmental award and $51,000 in prize money (TS)
Thunberg thanked the Nordic Council for the award, but she said she cannot accept it. “What we need is for our politicians and the people in power start to listen to the current, best available science,” she wrote in the post.
Gold & Silver
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The post Daily Digest 10/31 – The Global Protest Wave Explained, Toxic Air In “Cancer Alley” Is About to Get Worse appeared first on Peak Prosperity.
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