| | | | IMPORTANT | August 14, 2018 |
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| | | In an impassioned news conference yesterday, Turkish President Recep Tayyip Erdogan blamed American sanctions for his country’s ballooning economic crisis, accusing the U.S. of shooting “bullets into the foot of your strategic partner.” While the new sanctions have played a part, other policies contributed: An economic plan to contain the damage didn’t raise interest rates, which could have contained inflation, and instead focused on loosening banks’ liquidity. Erdogan also announced a boycott on U.S.-made electronics. Meanwhile, investors have been selling off emerging market currencies, fearing the damage may spread past Turkey. | |
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| | President Trump acknowledged his administration’s use of non-disclosure agreements in a Monday tweet, saying former adviser Omarosa Manigault Newman signed one. Manigault Newman, writes OZY’s Sean Braswell, embodied “the crony amateurism of the Trump White House,” and has now published a tell-all about her stint there. Dozens of Trump aides have also reportedly signed NDAs, and while officials routinely agree not to release classified information, they’re not usually prohibited from disclosing stories about the president. Meanwhile, legal experts question whether NDAs are even enforceable for public employees. | |
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| | Deputy Director David Bowdich ordered agent Peter Strzok’s dismissal on Friday over a series of personal text messages he sent to a colleague criticizing President Donald Trump between 2015 and 2017. Strzok was removed from a key role on Robert Mueller’s special investigation team a year ago after the messages came to light. A standard agency review reportedly ended with the recommendation that Strzok be suspended, but Bowdich, in an unusual move, overruled the review and dismissed him instead. Strzok’s lawyer said the decision “should be deeply troubling to all Americans.” | |
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| | “Gasoline must be sold at an international price,” President Nicolás Maduro told his country in a televised address, in what he characterized as a bid to stop smugglers. Subsidies have kept gas cheap within Venezuela, which boasts the world’s largest oil reserves. So fuel prices have barely budged despite hyperinflation expected to top 1 million percent in 2018. Maduro said subsidies would remain for those who registered vehicles with state ID cards, but many who oppose his government have long refused to use their so-called “fatherland cards.” | |
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| | Know This: A man has been arrested outside Britain’s Houses of Parliament after a car crashed into two cyclists, injuring them, and hit a security barrier. President Trump has signed a $716 billion defense policy bill. And Elon Musk attempted to explain last week’s cryptic tweet about taking Tesla private with a blog post yesterday describing exploratory talks with Saudi Arabia’s sovereign wealth fund. Read This: Find out how air conditioning has shaped modern city architecture and placement — and what might happen if it had to be shut off. We’re hiring: OZY is looking for a talented Account Manager to liaise with our elite sales partners and plan epic projects internally. Could this be you? Check out the job description for more details. |
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| | | | | They’re following you now. An investigation by the Associated Press has revealed that many of the tech giant’s services on the Android operating system and iPhone track a user’s location even when a privacy function is engaged. Turning off Location History still allows Google to collect and store data, and only disengaging “Web and App Activity” tracking fully withholds users’ whereabouts. Google maintains its services are aimed solely at improving users’ experiences, though lawmakers expressed frustration over what Sen. Mark Warner said were “corporate practices that diverge wildly” from users’ expectations. | |
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| | It’s a matter of time. Austria, now fulfilling the EU’s presidency, is facing criticism for scheduling a European Union summit in Salzburg during Yom Kippur, the Jewish Day of Atonement. While the summit officially begins Sept. 20 — a day after the holiday fast ends — dignitaries and staff are nevertheless expected to attend an informal dinner the evening before. “I can imagine very well there are some political intentions,” said European Parliament member Péter Niedermüller, who is Jewish and noted growing political rhetoric vowing to defend “Christian Europe” from perceived outsiders. | |
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| | Former opium farmers in Southeast Asia are getting the chance to grow another high-value crop: Quality coffee beans. The switch from opium to coffee has largely been a success in Thailand, and now farmers from the highlands of Laos and Myanmar are trying to get into the game — though it’s unclear if they’ll see enough economic growth, as Thailand has, to pause the drug trade. Meanwhile, a U.N. program is helping move coffee from the new locales to markets in Europe, the U.S. and Japan. | |
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| | “Please keep me in your prayers.” That’s what the Queen of Soul told a hometown Detroit audience last year. Now Franklin, 76, is “gravely ill,” according to her family, as the singer reportedly battles cancer. Sources say she’s receiving hospice care at her Detroit-area home. Franklin said she was retiring in 2017 and last appeared onstage in November at an Elton John AIDS Foundation gala before canceling two concerts in New Jersey in March. A Franklin biopic starring Jennifer Hudson is set to begin filming next year. | |
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| | If they sign it, cash will come. A ball signed by inaugural Baseball Hall of Fame inductees in 1939 was auctioned Saturday for a record $623,369. All 11 players who attended the Cooperstown, New York, ceremony signed the ball — including Babe Ruth, Cy Young and Ty Cobb. Only Lou Gehrig, who was too sick to attend, didn’t sign. The previous auction record was for a Babe Ruth-signed ball that sold for $388,000 in 2012, though Mark McGwire’s 70th home run ball fetched $3 million privately in 1999. | |
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