Skimm'd while packing for the long weekend

"Ok #PrinceHarry, I see you" - Halle Berry, after seeing herself on Harry's teenage bedroom wall. Because we need another reason to be jealous of Halle Berry.

A BAD TREND

The Story

Argentina is struggling with a financial crisis.

Back it all the way up.

In '01, Argentina had its worst economic crisis. It led to one in every five Argentinians being unemployed, and left millions in poverty. Many blamed the IMF (which helps countries keep currency values on the up and up) for encouraging policies that contributed to the crisis. And the IMF admitted it made a few mistakes. Now, people are saying 'can we trust you again?'

Why?

Because the value of the country's currency is tanking. And the country hasn't been able to lower inflation. Earlier this year, the gov worked out a $50 billion loan deal with the IMF to try to stabilize things. Then earlier this week, the gov said 'can we get that loan a little sooner than expected? Like now.' The goal: get people to start trusting the market again. The reality: investors were left saying 'WTF.' And the currency tanked even more. Then yesterday, the central bank said it was trying to fix things by hiking interest rates at least until the end of the year.

Why should I care?

Because this seems like a trend with emerging markets. See: Brazil, Turkey, South Africa. And now Argentina. They've been feeling the impact of the US Federal Reserve upping interest rates - which made the dollar stronger. And since a lot of emerging markets hold debt in dollars, this potentially makes it harder for those countries to pay back that debt.

theSkimm

Argentina is Latin America's third-largest economy. If it defaults, millions of people could feel the effects.

REPEAT AFTER ME...

What to say to your co-worker who drank too much at happy hour...

You're cut off. Yesterday, President Trump cut pay raises for about 2 million federal employees. The reason: budget issues. Money's not the only thing on Trump's mind. Yesterday, he attacked NBC News anchor Lester Holt for "fudging" the tape of their interview. Aka the one where Trump specifically said he fired former FBI Director James Comey because of how he handled the Russia investigation. To be clear: there's no real evidence that the tape was 'fudged.' In other news about attacks on the free press, yesterday a man was arrested for making death threats to employees at the Boston Globe. Meanwhile, the Justice Dept is busy siding with Asian-American applicants suing Harvard for racial discrimination - and calling on admissions processes to be more race-neutral. And that's not the only thing the admin's getting involved in on college campuses. The Education Dept is working on some policy changes for how schools should handle sexual misconduct - to help protect students being accused, not the victims.

What people are watching...

Chemnitz, Germany. For days, the city's been in the headlines for anti-migrant protests. Reminder: in recent years, Germany's been struggling with a migrant crisis. And it's led to a rise in nationalism there, including in the gov. Earlier this week, two migrants were arrested in connection with the stabbing of a German man. Thousands of nationalists used it as an opportunity to protest the country's migration policies. And chanted things like "close the borders" and "this is our city." The far-right protesters were met by counter-protesters, who said things like "Nazis out." What also doesn't help the situation: the warrant for one of the suspects was leaked to far-right groups, raising Qs about whether nationalists were in collusion with police officers. Yesterday, hundreds of people turned out for more anti-migrant protests. All of this puts more pressure on Chancellor Angela Merkel - who called the protests "hate in the streets" - to take another look at the migrant situation there.

Who people are talking about...

Colin Kaepernick. An arbitrator ruled that his case against the NFL can move to trial. Kaepernick is the former San Francisco 49ers QB who helped make the #TakeAKnee protests a thing. He's been a free agent for more than a year, but teams haven't picked him up. He filed a complaint against the NFL, saying that team owners were working together to keep him off the field because of the protests. The NFL asked an arbitrator to dismiss the case. But now, the arbitrator's saying 'nope, time for the court to handle this.' A big win for Kaepernick. The hearing could start later this year. In other news rocking the sports world, Michigan State University said the NCAA is done investigating how it handled sexual assault cases. This includes the Larry Nassar scandal, as well as another report that the school had a "pattern of denial, inaction and information suppression" in handling allegations against athletes. Now the school says the NCAA didn't find any violations and it's glad to have some "closure."

What to say when you hear Coca-Cola just shook on a big coffee deal...

And what's your deal, NAFTA countries? Today, we should find out if the US, Mexico, and Canada will be living happily ever NAFTA. Canada says they're all working "very, very intensely" to get a deal done by today.

What to say to your most competitive friend...

There's you, and then there's Venus and Serena.

SKIMM READS

"Ghosted" by Rosie Walsh

Boy meets girl. Boy spends a whirlwind week with girl. Boy ghosts girl. Sound familiar? But turns out, this ghosting isn't because he's just not that into her. It's for a different, more intriguing reason. Don't ghost your last summer beach read. Get it here.

SKIMM PICKS

For when you're thinking about starting your own business...

Skimm'r of the Week Leyanis Diaz wants to help. Last year, she won an award from Envolve - an organization that supports businesses in the early stages with access to things like capital and other resources. You can apply for this year's award and learn more about Envolve here.

For when your friends can't decide on Labor Day weekend plans...

Screw it and head to the beach. Take this cocktail with you.

For when you get homesick during summer vacation...

Hey bed, miss you. Come home to Casper mattresses. They're super comfortable and will make your back happy, not sad. Lookin' at you, hotel futon. PS: Casper's having a major Labor Day sale moment. Skimm'rs get something off the price tag here.*

PROGRAMMING NOTE

So long, sweet summer. Skimm HQ is observing Labor Day. Meaning no Daily Skimm on Monday. See you back in your inbox on Tuesday.

SKIMM SHARE

Skimm HQ is crying over the last weekend of the summer. Share theSkimm with your friend who has feeling about it too.

SKIMM BIRTHDAYS

* indicates Skimm'bassador.Treat yo'self.

Sandy Andrews IL,Alex Lane NY, Caroline Safran NY, Brittany Aprati IL, Violet Preziosi FL, Chelsea Bernstein NY, Rujuta Kortikar NY, *Anna Leieritz DC, *Brandi Polvado TX, *Ming Vlasich CO, *Ashlyn Ritter MA, *Morgan Funk PA, *Maggie Graney-Dolan IL, *Joanne Roberts AR, *Alexandra Eichenblatt GA, *Hilary Polley CA, *Hannah Kramer OK, *Jennifer Nelson NY, *Waverly Odle MO, *Elizabeth Sturms IA, *Madison Harris KS, *Serria Thomas NY, *Jordan Naber NC, *Alexia Bacigalupi NY, *Michele Wang VA, *Haley Hopkins MI, *Nicole Pearson MD, *Emma Celeste MA, *Sara Lyerly AL, *Ricki Katz NY, *Briayna Cuffie MD, *Meghan Sisk VA, *Courtney Spadaro AL, *Marybeth Lawrence NC, *Madison Underwood PA, *Lauren Christopher MA, *Katy Kaesebier GA, *Rachel Friedman IL, *Kali Foxman MA, *Kati Birchwood SC, *Smiti Kaul NC, *Heather Coleman MD, *Christine Au NY, *Tiffany Liu CA, *Maggie Thomas IL, *Jordyn Johnson CO, *Megan Addis MA, *Hannah Charney SC, *Ifath Iftikhar NY, *Nayda Lakelieh DC, *Natalie Capriola IL, *Meagan Paul NY, *Jessica Wright MN, *Megan Harrington NY, *Anne Zellner CO, *Alyssa Vigada NY, *Heather Harris WI, *Charmayne Evans TX, Shindy Lu IL, Molly Cason DC, Randi Erber NY, Lindsey Cournoyer NC, Cindy Stubbe VA, Jenell Lafin IA, Allison Maurer FL, Katie Koss TN, Hayley Bock SC, Meira Clark NC, Jess Cardoso FL, Josh Green TX, Jade Smith-Love AUS, Julia Walters-Burns WA, Blessit Varghese NY, Joyce Silvia MA, Miranda Herrera TX, Matt Stuczynski OH, Erin Robson VA, Hayden Holbrook NC, Libby Strobel CA, Laura Eisenbeis MO, Diana Staub MO, Rachel Pickett GA, Josh Calianos MA, Linda Abbey NY, Maura Ciammetti PA, Mary Lee Caldwell LA, Lisa Aldrich CA, Cheyenne Schneider CA, Amy Rendziak IL, Cheryl Quinn SC, Judith Olsen WI, Norma Kratt GA, Judy Koulias OH, Arselie Miller CA, Michael Custer GA, Morgan Streeter KS, Eleni Johnsen CA, Jennifer Ho MA, Heidrun Held CA, Jillian Berard MA, Shelley Zajic TX, Kerry O'Brien CT, Alexandra Torres MD, Tracy Barker VA, Samantha Kuney MA, Anabel Kelso DC, Linda Damiano CA, Beth Lattin NY, Sarah Provonsha TN, Allison McFaul MD, Cait Groseclose NC, Kenley Breckenridge LA, Anna Wofford SC, Susan Frane MO, Vicki Pugh FL, Margot Vidal CAN, Alix Cohen CA, Gabby Brock MD, Ashley Brown NY, Ben Schreiber PA, Olivia Schreiber WI, Warren Wadel MI, Deepthi Menon CT, JoAnna Jetton TX, Ellie Maes NY, Coleen Lambdin MD, Wendy Labowitz NY, Macie Gaston NY, Anne Schultz KS, Alisha Vimawala NY, Casey Steele IN, Tricia Pendergass SC, Debra Anderson NY, April Vocke RI, Molly Freeman CO, Carole Garneau MN, Nissrine Nakib MN, Becky Fields KY, Jorie Moran GA, Meghan Lenihan MA, Beth Sherring MD, Caroline Tseng NY, Morgan Scott MO, Meagen Coburn MI, Ann Rodriguez CA, Sofia Mantekas NY, Sierra Waller CO, Janel Bruno NY, Paula Keller IL, Katie Sifford NY, Rebecca Mahurin FL, Roshni Shah FL, Stephanie Araujo FL, Abby Circkirillo VA, Bianca Jefferson NE, Gloria Landi AL, Jess Canose PA, Danna Galed NY, Kathy Miller WA, Morgan Arnold DC, Padma Lakshmi, Brett Freidkes FL, Danielle Dillavou GA, Ruthann McDermott VA, Anna Blanch Rabe NM, Whitney Lenet CA, Karlee Varney OH, Lauren Creveling PA, Adri Andree FL, Alexandra Stewart NY, Emily Gipple KS, Alexia Eaton MI, Sarah Olsem IA, Carly Hasse WI, Dave Moyer MA

Skimm'd something we missed?

skimmthis@theSkimm.com

Issues?

help@theSkimm.com

Copyright (c) 2018 theSkimm, All rights reserved.

Our mailing address is:

theSkimm Inc. 50 West 23rd Street, Suite 5B

New York, NY, 10010, United States

Update Profile | Unsubscribe