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posted on 28 July 2016

Early Headlines: Asia Stocks Mixed, Inequality History, US Gas To Asia, Where Mfg Down - Trump Is Up, DB Stock Loses 43 Years' Gains, Turkey Conspiracy Theories, China Cracks Down On Pollution And More

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Early Bird Headlines 28 July 2016

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.




  • Pope on priest killing: World is at war, but it's not a religious one (CNN) Pope Francis said Wednesday that "the world is at war" as he addressed the slaying of a Catholic priest by radical Islamists in France, but he stressed it was not a war of religion. The killing of the priest -- by two attackers who struck in the name of ISIS -- is the latest terror atrocity to roil Europe in recent weeks. On Wednesday ISIS' media wing, Amaq, posted a video on the Telegram messaging app that showed the two attackers pledging allegiance to the terror group.

  • A Brief History of (In)equality (Project Syndicate) Historical review of changes in income inequality over 250 years and what responses resulted. Some were not that beneficial, but others were.

  • Jupiter Does Not Orbit the Sun (MSN Video) Click to watch video.


  • America's Shale Gas Heads to East Asia for First Time (Bloomberg) East Asia, which imports more liquefied natural gas than any other region of the world, is preparing to receive its first supplies from America's shale bounty. A tanker that loaded liquefied natural gas at Cheniere Energy Inc.'s export terminal in Louisiana is bound for the Far East, according to an official at tanker owner Maran Gas Maritime Inc. who asked not to be identified because he isn't authorized by the company to speak on the record. The company that chartered the vessel, Royal Dutch Shell Plc, has yet to say exactly which country and buyer will receive the cargo, he said. The newly opened enlarged Panama Canal greatly reduces the distance and shipping time for natural gas from the eastern U.S. to be shipped to Asia.

  • Obama, Biden Toss Barbs at Trump and Say Clinton Is Only Choice (Bloomberg) President Barack Obama made his most forceful case yet for Hillary Clinton's presidential bid in Philadelphia on Wednesday, extolling the former secretary of state's career of public service while declaring Republican presidential nominee Donald Trump as unfit for the presidency.

  • Trump steals the spotlight at Democratic convention (The Hill) The Democrats held a convention and Donald Trump got the headlines in Wednesday's papers. Something outrageous about Russian hackers.

  • Manafort: Trump Was Being 'Sarcastic' on Russia Hacking (NBC News) Republican presidential nominee Donald Trump did not extend a treasonous invitation to Russia to hack Democratic nominee Hillary Clinton, his top campaign aide said Wednesday night - he was just kidding. Paul Manafort said on Fox News that Trump was speaking "in a sarcastic way" when he invited the Russian government to look for Clinton's "missing" emails.

  • Trump campaign dismisses Dem attacks as 'night of empty rhetoric' (The Hill) Donald Trump's campaign dismissed a night-long offensive from top Democrats at the party's convention as "empty rhetoric" and accused President Obama and others of being delusional about the state of the country. At the Democratic National Convention in Philadelphia on Wednesday night, speaker after speaker all the way up to Obama took to the stage to denounce Trump as a demagogue and a fraud while pushing back against his grim warnings about the state of the nation.

  • Manufacturing declines vs. support for Trump (Twitter)

  • Who will win the presidency? (FiveThirtyEight) Two days ago the probability odds were reversed from those today. On Monday the projection had Trump winning by about 10 electoral votes and today that was reversed. The "Polls-Only Forecast" is what is shown here. There is also a "Polls-Plus Forecast" which shows a gigger Clinton lead.





  • Conspiracy theories flourish after Turkey's failed coup (Reuters) Turkey's failed coup was financed by the CIA and directed by a retired U.S. army general using a cell in Afghanistan, said one Turkish pro-government newspaper. CIA agents used an island hotel off Istanbul as a nerve center for the plot, said another. Turks are churning out conspiracy theories about who helped orchestrate the abortive military coup that nearly toppled President Tayyip Erdogan, with the United States - a close NATO ally but a traditional object of suspicion - top of the list.


  • Chinese polluters to face more business, financing restrictions (Reuters) Chinese firms guilty of exceeding emissions limits or building plants without environmental permits will face tougher punishments including credit bans and land use restrictions, the country's environmental ministry said late on Wednesday. China has been cracking down on polluting enterprises, raising fines and threatening criminal action against persistent offenders, but regulators have long struggled to impose rules on powerful industrial enterprises and local governments anxious to protect revenue and jobs. The country has sought to beef up its traditionally underpowered environment ministry and spread the burden of enforcement to other agencies, including dedicated courts, police authorities and financial regulators.

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