Tuesday, August 21

ByKevin Sheekey

Breaking Today: U.S. Environmental Protection Agency Rolls Back Obama-era Coal Pollution Rules as Trump Heads to West Virginia (CNN)
Mike Bloomberg issued this statement in response: “The pollution limits the EPA is wrongly trying to roll back have never gone into effect. Yet emissions continue to shrink because Americans are demanding cleaner air and cheaper, cleaner energy — and cities, states and businesses are delivering. Wind, solar and other clean energy sources are beating coal in the marketplace, which is benefiting both public health and the economy. That will continue to happen even if the EPA keeps spitting in the wind. Washington ought to lead, follow, or get out of the way.”

More Trade Warnings:
U.S. Will Lose From Trade War as Flows Shift, BHP Billiton CEO Warns
(Bloomberg)
Could Trade War Lead to the Real Thing? Historically, We’ve Failed to See Tipping Points Until It’s Too Late (Bloomberg Opinion)

Hot on the Bloomberg: ‘Longest Bull Market in History’ Comes With Jumbo-Sized Asterisk (Bloomberg)

Supreme Court Update: In 1998 Memo, Trump Supreme Court Nominee Brett Kavanaugh Urged Graphic Questions in Clinton Inquiry (New York Times)
Sound familiar? Referring to the sitting president in 1998, Kavanaugh wrote: “The president has disgraced his office, the legal system and the American people…He has lied to his aides. He has lied to the American people. He has tried to disgrace you” — meaning special counsel Kenneth Starr — “and this office with a sustained propaganda campaign that would make Nixon blush.”

Air Pollution: Why London Struggles to Breathe (Financial Times)

Election Hacking Alarm: Microsoft Thwarts Russia Hackers Targeting GOP Critics of Trump (Bloomberg)

17-Year-Old Says He Hacked State Election Board Database (Politico)
“I was able to shut down the website that would tally the votes, bringing the election to a screeching halt. The data were lost completely,” teen says. “We need a tech-literate government with the resources and the will to secure our elections. Or at least one that can stop a 17-year-old with basic command line skills and 10 free minutes between classes from electing Gary Johnson president-for-life.”

First on the Bloomberg: Apple Said to Plan Revamped Low-Cost Macs Later This Year to Ignite Sales (Bloomberg)

38 Pittsburgh Cultural Organizations Granted Big Bucks by Bloomberg Philanthropies (Pittsburgh Post-Gazette)


Headlines from around the world.


Best of late night.

From Margrethe Vestager’s favorite comedian:

On Sunday, President Trump’s trade war got the John Oliver treatment on HBO’s Last Week Tonight. Oliver played a clip of Bloomberg Opinion’s Tim O’Brien explaining on MSNBC how the White House adviser Jared Kushner found and recruited Trump’s key trade advisor, Peter Navarro:

“So Jared went on Amazon. He fired up his computer and he found some of Peter Navarro’s books, and he asked him to come to the White House. That’s how Peter Navarro ended up in the White House.”

John Oliver: “Yes.. Jared looked for experts on Amazon. That was his vigorous process. So, when Jeff Sessions gets fired, be prepared for him to be replaced by Crystal Kaswell, author of the fiction novel ‘Dangerous Rock: A Dangerous Noise Novel,’ because that is what came up when we typed ‘good law person (smart)’ into Amazon.”

Watch the full segment on trade here.