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What We Read Today 16 August 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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Topics today include:

  • Investors May Be Shying Away From Indiscriminate Risk

  • Type 2 diabetes statistics: Facts and trends

  • GenomeNet Database Resources

  • CEOs revolt against Trump over Charlottesville

  • Will Trump’s response to Charlottesville change anyone’s minds about him?

  • Virginia Car Attack Possible ‘Hate Crime,’ Sessions Says

  • Charlottesville and the Gasps of Weak Fascism

  • Fox's Shep Smith: We couldn't find a Republican willing to come on and defend Trump

  • Charlottesville Victim's Mom to White Supremacists: 'You Just Magnified Her'

  • Charlottesville: Race and Terror

  • Family turned away from airport lounge for wearing Minnie Mouse t-shirts

  • Everyone is Wrong about North Korea

  • Trump’s Latest Flip: US Backs Off Trade War With China

  • Trump Is On The Warpath - Trade Wars

  • And More

Articles about events, conflicts and disease around the world


  • CEOs revolt against Trump over Charlottesville (The Hill)  Leaders of the business world staged a remarkable revolt against President Trump on Wednesday, forcing the White House to disband two economic councils that were hemorrhaging members.  Shortly after news broke early Wednesday that CEOs were ending a White House strategy forum, Trump sought to save face, saying in a tweet that he was ending two councils to spare business leaders from the public pressure they were facing.

But the CEOs who left the councils would not let Trump have the final word.

In a flurry of statements, CEOs of JPMorgan Chase, GE, Johnson & Johnson and 3M lined up to rebuke Trump for Tuesday remarks where he asserted equivalence between white supremacists and counterprotesters and said there were "very fine people" at a white nationalist rally in Charlottesville, Va.

  • Will Trump’s response to Charlottesville change anyone’s minds about him? (The Washington Post)  We’re at a weird political moment in the wake of Saturday’s violent protest in Charlottesville that left one anti-Nazi protester dead. President Trump’s late condemnation of the racist groups supporting the rally — and his subsequent undercutting of that condemnation — are roiling cable news and newspaper opinion pages. But thanks to the lag time built into polling, it’s hard to know exactly how the American people are responding to it.

  • Virginia Car Attack Possible ‘Hate Crime,’ Sessions Says (NBC News)  Attorney General Jeff Sessions told NBC News in an exclusive interview on Wednesday that federal authorities are in no rush to file charges in a deadly Charlottesville car attack and that it's still not clear what those charges might be.   Sessions said during an interview at the Justice Department:

"It very well could be a civil rights violation or a hate crime, and there might be other charges that could be brought.  So we are working it intensely on the assumption we may well might want to prosecute him. We're also working with the state and local authorities that clearly have jurisdiction, too. And often they're the ones that have the best charges."

... is the growl and gasp of a hateful and hopeless fringe. Consider the terrorist, James Fields Jr. He dropped out of the army. He had until recently lived with his mom. He grew up in a fatherless home. He had trouble making friends. He suffered from the same kind of alienation that drives young men and women to join the Islamic State. Indeed he chose to murder his victim by ramming his car at full speed into a crowd, the same technique used by the radical Muslims in Europe his movement deplores.

"Our booking team — and they're good — reached out to Republicans of all stripes across the country today.  Let's be honest, Republicans don't often really mind coming on Fox News Channel. We couldn't get anyone to come and defend him here because we thought, in balance, someone should do that."

 "I think the reason that what happened to Heather has struck a chord is because we know that what she did is achievable.  We don't all have to die. We don't all have to sacrifice our lives. They tried to kill my child to shut her up. Well, guess what? You just magnified her."


North Korea

Imagine a world where one country – country X – is bombing at least seven countries at any one time and is seeking to bomb an eighth, all the while threatening an adversarial ninth state – country Y – that they will bomb that country into oblivion, as well. Imagine that in this world, country X already bombed country Y back into the Stone Age several decades ago, which directly led to the current adversarial nature of the relationship between the two countries.

Now imagine that country Y, which is currently bombing no one and is concerned mostly with well-founded threats against its own security, threatens to retaliate in the face of this mounting aggression if country X attacks them first. On top of all this, imagine that only country Y is portrayed in the media as a problem and that country X is constantly given a free pass to do whatever it pleases.

Now replace country X with the United States of America and country Y with North Korea to realize there is no need to imagine such a world. It is the world we already live in.


Other Scientific, Health, Political, Economics, and Business Items of Note - plus Miscellanea

You may never have heard of Robert Rodriguez. For that matter, you probably did not know that he retired in December from California-based First Pacific Advisors (FPA). Yet he is the only mutual fund manager ever to win the Morningstar Manager of the Year award for a stock fund and for a bond fund.

In a recent interview, Mr. Rodriguez revealed that he has virtually zero exposure to stocks in his personal accounts. Liquidity? More than 65% via short-term Treasury-type securities.

Wow! And critics think that my 50% high quality stock/25% investment grade income/25% cash equivalent allocation is too ‘bearish.’

Those that have followed Mr. Rodriguez’ venerable career know that he practices what he preaches. As a value investor, he knows that stocks have historically grown at an average pace of 1.14 times the rate of earnings growth. What’s more, he sees trouble when stocks are growing five times more rapidly than earnings per share growth.

  • Type 2 diabetes statistics: Facts and trends (Medical News Today)  Diabetes mellitus, or diabetes, is a disease that causes high blood sugar. It occurs when there is a problem with insulin.  Insulin is a hormone that takes sugar from foods and moves it to the body's cells. If the body does not make enough insulin or does not use insulin well, the sugar from food stays in the blood and causes high blood sugar.  Diabetes is the 7th leading cause of deaths in the U.S. (listed as a cause of death on more than 69,000 death certificates).

Diabetes is at an all-time high in the U.S. The CDC's Division of Diabetes Translation states that 1 percent of the population, which is about a half of a million people, had diagnosed diabetes in 1958.

Today, nearly 10 percent of the population have diabetes, according to the American Diabetes Association (ADA). That's 29.1 million Americans, and more than a quarter of these people do not know they have it.

  • GenomeNet Database Resources (GenomeNet)  Hat tip to Sanjeev Kulkarni.  The following diagram shown many diverse pathways resulting in a diagnosis of Type II Diabetes.  It is obviously not a single disease (or even a collection of several diseases, but a multifaceted syndrome.

Click for large image.

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