| By Derek Caney (@stax920)
An earthquake devastated a string of mountainous towns in central Italy early Wednesday, with at least 38 people believed killed. This is a developing story. Quote of the day: "Now that daylight has come, we see that the situation is even more dreadful than we feared, with buildings collapsed, people trapped under the rubble and no sound of life." – Accumoli Mayor Stefano Petrucci 
A man is rescued alive from the ruins following an earthquake in Amatrice, central Italy, August 24, 2016. REUTERS/Remo Casilli
Turkish and U.S. forces advanced on territory in northern Syria in an effort to wipe out Islamic State militants along the Turkish border. The fighting began overnight when the Turkish army fired artillery rounds, while Turkish and U.S. planes pounded ISIS targets.
Digits of the day: 223 out of 480 murders Chicago's police force is solving fewer and fewer murder cases. Experts say it's because the police department is devoting more resources to beat cops on the street at the expense of detectives. Last year, Chicago police had 480 murder cases and solved 223 murders that had been committed in 2015 or before. That yields a "clearance rate" of 46 percent. The national average is 63 percent. The force's credibility gap isn't helping either.
Around the world - North Korea fired a submarine-launched missile that flew about 300 miles toward Japan. That ability could help North Korea evade a new anti-missile system planned for South Korea.
- Hackers leaked secret details about submarines being built by French naval defense company DCNS in Mumbai shipyards.
- Shi’ite militias in Iraq detained, tortured and abused far more Sunni civilians during the American-backed capture of the town of Falluja in June than U.S. officials have publicly acknowledged. More than 700 Sunni men and boys are still missing more than two months after the Islamic State stronghold fell.
Around the country  Meanwhile, Stanford University is partly addressing its sexual assault problem by prohibiting hard alcohol at on-campus parties. #problemsolved - California lawmakers passed a repeal of state sales taxes on feminine hygiene products. The so-called "tampon tax" bill now goes to Governor Jerry Brown.
- Florida officials announced the first case of Zika transmitted by mosquitoes in Pinellas County, located some 265 miles from Miami, where the first locally transmitted U.S. mainland cases were reported.
Around Wall Street - U.S. crude oil inventories rose by 4.5 million barrels last week, compared with expectations of a 455,000-barrel decline. Prices fell 1.5 percent this morning to about $49 a barrel. It effectively erased much of yesterday's rally, which was fueled by signals that Iran may play ball on production freezes.
- Lloyds Banking CEO apologized to its staff for damaging the bank's reputation, after the Sun newspaper reported earlier this month that the married executive ran up a $5,000 hotel bill while spending time with another woman.
- With Elon Musk's typical panache for a sales job, he introduced an upgraded car battery that he said would make Tesla's Model S all-electric sedan the world's fastest car. The new battery also extends the driving range of the vehicles, taking the performance version of the new Model S beyond 300 miles.
Today's reason to live Spoon – Chicago At Night |
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