2016年7月27日星期三

Wednesday Morning Briefing: Love her, hate her, she made history.

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Reuters
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DNC Day 2: What we learned


Hillary Clinton
became the first woman to be nominated for president by a major political party in the U.S. To add a touch of sentimentality and a symbolic call for unity, the state of Vermont arranged to go last in the roll call, allowing her one-time rival Bernie Sanders to call on the party to back her.

REUTERS/Mark Kauzlarich

Her husband had the headlining speech. He began like a doddering grandfather recalling his courtship with Hillary with lots of personal anecdotes, a stark contrast to the Republican convention last week, which was short on heartwarming details about their nominee Donald Trump. Eventually former President Clinton rambled on to Hillary's accomplishments. And he ended, as he often does, with a rhetorical flourish.

“If you’re a Muslim and you love America and freedom and you hate terror, stay here and help us win and make a future together. We want you. If you’re a young African American disillusioned and afraid, we saw in Dallas how great our police officers can be, help us build a future where nobody is afraid to walk outside, including the people that wear blue to protect our future.”

- former President Bill Clinton

Even dyed-in-the-wool Clinton haters liked the speech.

Well, some of them anyway.

 

And you know, opinions evolve over time…


Oh and for nostalgia mongers, Howard Dean reprised his scream, kind of.


Around the country

  • But of course it wouldn't be the Democratic Party without some disarray. Virginia Governor and Clinton loyalist Terry McAuliffe predicted that Hillary Clinton would ultimately support the Trans Pacific Partnership, after she said she would oppose the trade deal during the primary elections against Bernie Sanders. TPP, as it's known, is one of the major wedge issues between Clinton and Sanders, who is a vociferous opponent.
  • Speaking of trade, Hillary Clinton gave assurances to the United Auto Workers that she would renegotiate the North American Free Trade Agreement if elected, according to UAW President Dennis Williams. The NAFTA issue is a huge one in Rust Belt states like Michigan and Ohio, which Clinton will need in order to win the election.
  • Donald Trump and Mike Pence took their Mutt & Jeff routine on the road, honing their act as they go. When they campaign together, Pence introduces Trump enthusiastically as the modern-day equivalent of 1980s Republican President Ronald Reagan and speaks of himself as the son of a combat veteran and the father of a U.S. Marine. Then he steps aside.

Around Wall Street

Digits of the day

$265 billion

Prime Minister Shinzo Abe unveiled a surprisingly large $265 billion stimulus package to boost Japan's economy, adding pressure on the central bank to match the measures with monetary stimulus later this week. The earlier-than-expected announcement sent Japanese and other Asian stock markets higher, despite a dearth of details on how much of the package would be direct government spending.

 

  • Apple sold more iPhones than expected in the third quarter and estimated its fourth-quarter revenue would top many analysts' targets. Shares rallied 7 percent in after-hours trading.
  • Elon Musk said Tesla Motors' next strategic turn could cost tens of billions of dollars over the long term, but he predicted he would only need to raise a modest amount of money from capital markets. Because the plan will roll out over a number of years, it could be mostly funded from sales of vehicles, particularly the Model 3 sedan due to launch in 2017, he said.

Around the world

  • One of the two assailants that killed a priest in northern France yesterday was a known would-be jihadist awaiting trial under supposedly tight surveillance, a revelation that raised pressure over the Socialist government's response to a wave of attacks claimed by Islamic State since early 2015.
  • Turkey ordered another 47 journalists detained, part of a widening crackdown on supporters of U.S.-based Muslim cleric Fethullah Gulen, accused by Ankara of masterminding a failed military coup. "The prosecutors aren't interested in what individual columnists wrote or said. At this point, the reasoning is that prominent employees of Zaman are likely to have intimate knowledge of the Gulen network and as such could benefit the investigation," a government source said. Critics of President Tayyip Erdogan argue he is using the failed coup as a pretext to muzzle dissent and tighten his grip on power. The clampdown has drawn criticism from the European Union, which Turkey aspires to join.
  • And finally from the lemonade-from-lemons file, a team of scientists at a Belgian university say they have created a machine that turns urine into drinkable water and fertilizer using solar energy, a technique which could be applied in rural areas and developing countries. While there are other options for treating wastewater, the system applied at the University of Ghent uses a special membrane, is said to be energy-efficient and can be used in areas off the electric grid.

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