| By Derek Caney (@stax920)
North Korea is winning the arms race with Japan, leaving Tokyo unsure it could fend off a missile strike by the Pyongyang regime without U.S. help, military sources told Reuters.
It's Google's turn for a dog-and-pony show. On the agenda: New smartphones to compete with Apple iPhones; Google Home to rival Amazon's Echo; and a new virtual reality headset. The phones are expected to get a new name, Pixel, which the company is betting will erase the memory of its disappointing Nexus phones.
There is a vice presidential debate tonight between Democrat Tim Kaine and Republican Mike Pence in a small Virginia town that symbolizes the decay of the U.S. manufacturing sector in rural America. Donald Trump is counting on the support of those voters to win the presidency.
Around the world  REUTERS/Carlos Garcia Rawlins
Digits of the day: 145 Hurricane Matthew is bearing down on the western tip of Haiti, sending residents of coastal shacks fleeing for their lives. The Category 4 storm, packing 145-mile-per-hour winds, is the strongest in the Caribbean in nine years. The outer bands of the hurricane reached the area late last night, flooding dozens of houses in the town of Les Anglais.
Quote of the day "We are at war." – Ronald Dela Rosa, Philippines police chief - Dela Rosa is the enforcer for Philippines President Rodrigo Duterte, whose war on drugs has led to more than 3,400 people being killed in just over three months. In a country where the police are generally despised and feared because of their reputation for corruption and violence, Dela Rosa is popular. After only two months as police chief, the national media is already touting him as Duterte's possible successor. Meanwhile the Philippines and United States launched their annual joint military exercises today. U.S. officials are doing their best to ignore Duterte's hostile rhetoric and taking comfort in the fact that he has yet to translate his words into less military cooperation.
- WikiLeaks founder Julian Assange said the organization will release documents pertaining to the U.S. election before Election Day, but not today. This pours cold water on Fox News report that speculated that Assange would drop an 'October Surprise' at today's press conference. Assange did say that there has been a lot of misquoting suggesting that WikiLeaks plans to harm Hillary Clinton.
- British-born scientists David Thouless, Duncan Haldane and Michael Kosterlitz won the 2016 Nobel Prize for Physics for their studies of unusual states of matter, which may open up new applications in electronics. Their discoveries, using advanced mathematics, had boosted research in condensed matter physics and raised hopes for uses in new generations of electronics and superconductors or future quantum computers, the Royal Swedish Academy of Sciences said.
Around Wall Street - Britain’s pound slumped to a three-decade low as its Brexit worries were compounded by a revitalized dollar, boosted by resurgent U.S. interest rate hike expectations. Sterling is at its weakest since 1985, hit by a growing sense that the UK may be heading for a 'hard' Brexit, severing links to the EU's single market in favor of total control over immigration.
- Profits at roughly a quarter of Chinese companies were too low in the first half of this year to cover their debt servicing obligations. Corporate China sits on $18 trillion in debt, equivalent to about 169 percent of China's GDP. Lenders are heeding Beijing's call to support the real economy and so are rolling over company debt or granting repayment waivers, sometimes for years. This is evidence that China may be in for a long period of Japan-like stagnation rather than a single event triggering a crisis.
- The global shipping industry is bracing for a regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst downturn in decades. The International Maritime Organization is meeting later this month to decide whether to cap sulfur emissions starting in 2020 or 2025.
Around the country - Donald Trump is proud that he claimed a $916 million loss on his 1995 tax returns. "I was able to use the tax laws of this country and my business acumen to dig out of the real estate mess ... when few others were able to do what I did," he said. "I have brilliantly used those laws." Experts that the New York Times talked to said the move may have allowed him to avoid paying federal income taxes for 18 years.
- Indiana Governor Mike Pence, the Republican nominee for vice president, lost another round in federal court in his bid to keep refugees fleeing Syria's civil war from resettling in his state. A Chicago appellate court affirmed a lower-court ruling that Pence's order seeking to bar state agencies from helping the resettlement of Syrian immigrants discriminates against the refugees based on their national origin.
- You would think that California marijuana growers would be high on Prop 64, the state referendum that would legalize cultivation, sale and recreational use. But the California Growers Association is actually suspicious that legalization will mean an onslaught of bureaucracy and competition that will wipe them out.
Today's reason to live Creedence Clearwater Revival - Who'll Stop The Rain |
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