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REUTERS/Evelyn Hockstein/ Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts. The proposal would overhaul how banks gauge risk and, in turn, how much capital they must hold against potential losses. Regulators say stronger cash cushions will make the financial system safer and are especially crucial after three banks failed earlier this year. As part of their campaign to kill the Basel proposal, banks have been lobbying lawmakers to put pressure on the regulators. On Monday, 39 Senate Republicans stepped up the pressure, asking the regulators to scrap the proposal, citing economic harm.

Persons: Michael Barr, Evelyn Hockstein, Barr, Federal Deposit Insurance Corporation's Martin Gruenberg, Mike Hsu, Mark Warner of Virginia, Jon Tester, Isaac Boltansky, Gruenberg, Michelle Price, Pete Schroeder, Jonathan Oatis Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Rights, Federal, Federal Deposit Insurance, Financial, Democrat, Senate, Republicans, Journal, Industrial, Commercial Bank of China, Treasury, Thomson Locations: Washington , U.S, U.S, Basel, Montana

☆ China will launch a 'charm offensive' during Biden-Xi summit, says Shaun Rein
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina will launch a 'charm offensive' during Biden-Xi summit, says Shaun ReinShaun Rein, China Market Research Group managing director, joins 'Fast Money' to talk President Biden's meeting with China's Xi, the Chinese economy, policy deals that could be on the horizon and more.

Persons: Shaun Rein Shaun Rein, Biden's, China's Xi Organizations: China, Biden, China Market Research Group Locations: China

☆ Brazil food processor BRF widens net loss in Q3 on grain prices, chicken glut
▼ + stars: | 2023-11-13 | by ( Ana Mano | ) www.reuters.com time to read: +2 min

Logos of Brazilian meatpacker BRF SA are seen in the headquarters in Curitiba, Brazil October 1, 2019. BRF reported a 262 million real ($53.37 million) net loss in the third quarter, larger than the 136.7 million loss a year ago but slightly better than an LSEG consensus forecast of a 279 million real loss. Despite the hit, BRF said improvements in the company's operating performance were already showing results. BRF also said net revenue was 13.8 billion reais in the quarter, nearly the same as in the year-ago period. BRF said EBITDA came in at 1.2 billion reais ($244.45 million), slightly above LSEG consensus estimates of 1.17 billion reais.

Persons: Rodolfo Buhrer, BRF, Miguel Gularte, EBITDA, Ana Mano, Kylie Madry Organizations: meatpacker BRF, REUTERS, SAO PAULO, BRF SA, Management, JBS SA, Thomson Locations: Curitiba, Brazil, U.S

[1/2] People shop in a used clothing shop in Buenos Aires, Argentina May 14, 2019. Today prices are unthinkable," said Aylen Chiclana, a 22-year-old student in Buenos Aires. Beatriz Lauricio, a 62-year-old semi-retired teacher, said that she and her husband, a bus company employee, go on weekends to a clothing fair to sell old garments to make ends meet. "We simply can't buy new things. You can't buy new sneakers, you can't buy new flip-flops, you can't buy new jeans, you can't buy a shirt or a T-shirt either.

Persons: Agustin Marcarian, Javier Milei, Sergio Massa, Aylen Chiclana, Beatriz Lauricio, Lauricio, María Silvina Perasso, María Teresa Ortiz, Claudia Martini, Miguel Lo Bianco, Lucila Sigal, Adam Jourdan, Rod Nickel, Leslie Adler Organizations: REUTERS, Economy, Peronist, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Tigre

☆ U.S. Shift on Global Tech Rules Jeopardizes Effort to Counter China
▼ + stars: | 2023-11-13 | by ( Yuka Hayashi | ) www.wsj.com time to read: 1 min

The Biden administration has been under pressure domestically to rein in tech giants including Meta Platforms. Photo: Godofredo A. Vásquez/Associated PressWASHINGTON—The Biden administration’s abrupt shift on global technology rules has weakened a critical Asia trade agreement that was intended to help counter China’s growing clout in the region. Rules facilitating digital trade, including the cross-border transfer of data on customers and supply chains, were expected to be a centerpiece of what is called the Indo-Pacific Economic Framework, or IPEF, a U.S.-led group of 14 nations. But the U.S. recently withdrew its support for those provisions, a decision that cut against the desires of some Asian allies who see common rules governing business data as a cornerstone building block for economic cooperation.

Persons: Biden, Associated Press WASHINGTON — Organizations: Meta, Associated Press WASHINGTON, U.S . Locations: Asia, U.S

The week starts off with a bevy of unpleasant surprises for the markets and the economy but with maybe a hope of good news on the inflation front. “The decline in oil prices will feature prominently in explaining October's CPI and PPI reports. Core CPI likely slowed in October as well, with lower prices of new and used cars, lower airfares, and lower shelter costs all leaning the same way. PPI inflation likely moderated in October, too, with diesel prices following crude oil prices lower, albeit not by as much as gasoline. Powell’s comments were not anything new, but the timing seemed to suggest he was dampening down enthusiasm in the markets.

Persons: Moody’s, Mike Johnson, ”, Bob Doll, Republican Sen, Tim Scott of, David Cameron, Rishi Sunak, Stocks, Bill Adams, Waran Bhahirethan, ” Adams, Jerome Powell spooked, ” Powell, Oliver Rust, Sam Bullard, ” Bullard Organizations: U.S, AAA, Louisiana Republican, GOP, Senate, Crossmark Global Investments, Republican, Tim Scott of South Carolina, Conservative, Analysts, Comerica Bank, PPI, CPI, Federal Reserve, International Monetary Fund, Central Bank, “, Wells Locations: U.S, Louisiana, Tim Scott of South, London, Iraq, Syria, Gaza City, September’s, Israel, Washington

☆ EU says roughly 100 civilians reportedly killed during massacre on village in Burkina Faso
▼ + stars: | 2023-11-13 | by ( Nimi Princewill | Niamh Kennedy | ) edition.cnn.com time to read: +1 min

CNN —Roughly 100 civilians were reportedly killed during a massacre on a village in the West African country of Burkina Faso, the European Union’s diplomatic service said Monday. “Nearly a hundred civilians, including women and children, are reported to have been killed in a massacre in the village of Zaongo, in the north-central region of Burkina Faso,” the EU External Action (EEAS) said in a statement. In early April, authorities blamed terrorists for the killing of at least 44 people in separate attacks on villages in northern Burkina Faso. Later that month, 136 others, including babies were killed in a similar onslaught on a village in the same region by armed men in military uniform. Burkina Faso has been the epicenter of violence that has spread across the vast Sahel region by Islamist groups linked to al Qaeda and the Islamic State.

Persons: d’état, ” Organizations: CNN, Authorities, Islamic, Amnesty International, Burkina Faso ” Locations: West, Burkina Faso, Zaongo, al Qaeda

[1/2] People shop in a used clothing shop in Buenos Aires, Argentina May 14, 2019. Today prices are unthinkable," said 22-year-old student Aylen Chiclana in Buenos Aires. Beatriz Lauricio, a 62-year-old semi-retired teacher, said that she and her husband, a bus company employee, go on weekends to a clothing fair to sell old garments to make ends meet. "We simply can't buy new things. You can't buy new sneakers, you can't buy new flip-flops, you can't buy new jeans, you can't buy a shirt or a T-shirt either.

Persons: Agustin Marcarian, Javier Milei, Sergio Massa, Aylen Chiclana, Beatriz Lauricio, We're, Lauricio, María Silvina Perasso, María Teresa Ortiz, Claudia Martini, Miguel Lo Bianco, Lucila Sigal, Adam Jourdan, Rod Nickel Organizations: REUTERS, Peronist, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Tigre

☆ Israel Says Palestinian Authority in Current Form Should Not Run Gaza
▼ + stars: | 2023-11-12 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Crispian BalmerJERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu has thrown up more doubts about the future of the Gaza Strip, suggesting that the Palestinian Authority in its current form should not take charge of the coastal enclave. Israel has vowed to destroy Palestinian group Hamas, which governs Gaza, following its shock Oct. 7 cross-border assault, and has launched a full-scale invasion of the territory. Nabil Abu Rudeineh, a spokesperson for Abbas, told Reuters the Israelis were seeking to perpetuate divisions between the two Palestinian territories -- the Israeli-occupied West Bank and Gaza. "Israeli attempts to separate Gaza from the West Bank will fail, and it will not be allowed, regardless of the pressures," he said. The PA used to run both the West Bank and Gaza, but got ousted from the latter in 2007 after a brief civil war with Hamas.

Persons: Crispian Balmer JERUSALEM, Benjamin Netanyahu, Antony J, Blinken, Mahmoud Abbas, Netanyahu, Israel, Abbas, Nabil Abu Rudeineh, Emily Rose, Ali Sawafta, William Maclean Organizations: Palestinian Authority, Hamas, West, Reuters, West Bank Locations: Gaza, Israel, Washington, West Bank, Jerusalem, Ramallah

☆ Israel says Palestinian Authority in current form should not run Gaza
▼ + stars: | 2023-11-12 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

Israel has vowed to destroy Palestinian group Hamas, which governs Gaza, after its shock Oct. 7 cross-border assault and has launched a full-scale invasion of the territory. Washington has said Israel cannot occupy the enclave after the war, with Secretary of State Antony Blinken last week saying that the Gaza administration had to be re-unified with the nearby West Bank, parts of which are run by the Palestinian Authority (PA). Nabil Abu Rudeineh, a spokesperson for Abbas, told Reuters the Israelis were seeking to perpetuate divisions between the two Palestinian territories -- the Israeli-occupied West Bank and Gaza. "Israeli attempts to separate Gaza from the West Bank will fail, and it will not be allowed, regardless of the pressures," he told Reuters. The PA used to run both the West Bank and Gaza but was ousted from the latter in 2007 after a brief civil war with Hamas.

Persons: Benjamin Netanyahu, Yoav Gallant, Benny Gantz, Antony Blinken, Mahmoud Abbas, Netanyahu, Israel, Nabil Abu Rudeineh, Abbas, Emily Rose, Rami Ayyub, Ali, William Maclean, David Goodman Organizations: Rights, Palestinian Authority, Hamas, West, NBC News, Reuters, West Bank, Thomson Locations: Tel Aviv, Israel, ABIR, Gaza, Washington, West Bank, Jerusalem

☆ For Joan Armatrading, Classical Music Is Just Another Genre
▼ + stars: | 2023-11-12 | by ( Hugh Morris | ) www.nytimes.com time to read: +2 min

ARMATRADING WAS BORN on the Caribbean island of St. Kitts in 1950, and moved to Birmingham, England, at age 7. I didn’t really ask anybody’s opinion, which is how I am still.”Some of Armatrading’s earliest experiences with classical music came through movies. “If you have 18 strings or something, and they’re doing that thing, you’re gonna cry,” she said. Armatrading is adamant that, in her Symphony, she just wanted to sound “like Joan,” but she’s also happy for listeners to bring their own associations. This symphony is by no means the first case of a pop artist to engage in classical composition.

Persons: ARMATRADING, “, ”, It’s, Rachmaninoff, Purcell, Tchaikovsky, Armatrading, Joan, she’s, Vaughan Williams, Paul McCartney’s, ” — Organizations: Decca Locations: St, Kitts, Birmingham, England

☆ In Israel and Gaza, Biden Needs to Do More to Build Peace - The New York Times
▼ + stars: | 2023-11-11 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +7 min

It may not be possible to end the Gaza war this year, establish a post-Hamas peace in Gaza and restart a process to give Palestinians the state they deserve. Biden may be the single most popular person in Israel today, and the United States has leverage as Israel’s most important ally and diplomatic protector. Biden’s forceful backing of Israel after the Hamas terror attack won him enormous gratitude from a people not much used to such unequivocal support. To his credit, Biden has tried to nudge Israel in this direction, as has Secretary of State Antony Blinken. The Biden administration has already encouraged Israel to ratchet its assault on Gaza several notches toward the surgical end, by using smaller bombs and allowing humanitarian pauses.

Persons: Biden, Antony Blinken, They’ve, —, Benjamin Netanyahu’s, Netanyahu, ”, General David Petraeus, Israel, Marwan Barghouti, Palestine’s Mandela Organizations: Israel, United Nations, Gaza Health Ministry, State Department, The United Nations, Israeli Army, Biden, United Nations Security Council, Jewish, West Bank Locations: Israel, Palestine, Gaza, United States, Iran, America, Iraq, Jerusalem

☆ This is the world's next major election. The winner has to fix chronic hyperinflation and halt a 6th recession in 10 years.
▼ + stars: | 2023-11-11 | by ( George Glover | ) www.businessinsider.com time to read: +9 min

AdvertisementAdvertisementArgentina is getting ready to choose its next president — and the country's economy is a mess. Triple-digit inflationSoaring prices are perhaps the best-known problem plaguing Argentina's economy, but far from the only issue that policymakers are battling. The currency is managed by Argentina's central bank. If, or more likely when, Argentina's economy slips into another recession, it'll be the sixth such occurrence in the past decade. His proposed policies include abolishing Argentina's central bank altogether and adopting the dollar, which economists have warned could end up pushing the country even closer to a default.

Persons: —, Sergio Massa, Javier Milei, Manuel Cortina, Lucila Bonilla, Bonilla, they've, Kimberley Sperrfechter, There's, there's, Massa, Cristina Sille, Donald Trump, Bolsonaro, they'll, Sperrfechter Organizations: Service, Union, Homeland, Triple, Consumer, National Institute of Statistics, Argentinian, Oxford Economics, The Central Bank of, International Monetary Fund, Reuters, World Bank, FX, Central Bank of, Peronist Locations: Argentina, American, Buenos Aires, Central Bank of Argentina

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 10 (Reuters) - EU countries and European Parliament lawmakers are set to agree on light touch rules for Airbnb (ABNB.O) next week, three people familiar with the matter said on Friday. The rules for short-term accommodation rental services, proposed by the European Commission last year, aimed to tackle the patchwork of different national laws across the 27-country zone regulating Airbnb and similar companies. Officials from EU countries and EU lawmakers will meet to thrash out the final details of the rules on Nov. 15, according to the Parliament agenda. Airbnb said EU-wide rules would be a watershed moment for short-term rental companies. Paris, Venice, Barcelona and other places popular with tourists blame Airbnb for aggravating housing shortages by pushing out lower-income residents.

Persons: Dado Ruvic, Airbnb, Nathan Blecharczyk, Foo Yun Chee, Kirsten Donovan, David Evans Organizations: REUTERS, Rights, Big Tech, European, Reuters, Thomson Locations: Rights BRUSSELS, Spain, Paris, Venice, Barcelona

☆ European markets set for lower open after Fed Chair Powell comments
▼ + stars: | 2023-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The logo of London Stock Exchange Group Plc in the office atrium in the City of London, UK, on Tuesday, March 14, 2023. LONDON — European markets are set to retreat on Friday morning after U.S. Federal Reserve Chair Jerome Powell said the central bank is "not confident" it has done enough to rein in inflation. The Fed last week held rates unchanged, along with the Bank of England and the European Central Bank, with markets now turning their attention to when rate cuts will begin next year — a position central bankers have tentatively pushed back against. Stock futures stateside pointed to a fractionally higher open on Wall Street Friday. European shares closed Thursday's session up 0.8% after a boost from a strong set of corporate earnings reports, which will likely continue to drive individual share price action Friday.

Persons: Jerome Powell, Powell Organizations: London Stock Exchange Group, City of, LONDON, Federal, Bank of England, European Central Bank, Stock Locations: City, City of London, Asia, Pacific, U.S

☆ Amazon deforestation falls more than 20% to its lowest levels in 5 years
▼ + stars: | 2023-11-10 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

The Amazon jungle is the world’s largest rainforest and its protection is seen as vital to curbing climate change. “It’s an impressive result and seals Brazil’s return to the climate agenda,” said Marcio Astrini, head of advocacy group Climate Observatory. Still, this year’s deforestation rate remains nearly twice that of the all-time low in forest destruction in 2012 and far from Lula’s pledge to reach zero deforestation by 2030. Under the right-wing former president, destruction at the hands of ranchers, land speculators and miners surged to a 15 year high. The official annual period is measured from August to July as there is less cloud cover in the middle of the year to obscure deforestation on satellite images.

Persons: Luiz Inacio Lula da Silva, Jair Bolsonaro, Bolsonaro, ”, Marcio Astrini, Lula Organizations: CNN

HONG KONG (AP) — Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday's annual Singles’ Day online retail extravaganza. Singles Day, also known as “Double 11,” was popularized by e-commerce giant Alibaba. Shoppers spent $38 billion in 24 hours on Alibaba’s e-commerce platforms during Singles’ Day in 2019. “The hype and excitement around Singles’ Day is sort of over," said Shaun Rein, founder and managing director of Shanghai-based China Market Research Group. “I just feel that people don’t spend as much as before, possibly because they don’t have much to spend,” she said.

Persons: ”, Shi Gengchen, Shi, Shaun Rein, Rein, keener, Hu Min, Alibaba’s Tmall, ” Jacob Cooke, ” Cooke, Yu Bing Organizations: — Shoppers, Bain & Company, Shoppers, China Market Research, Consumers, WPIC Locations: HONG KONG, China, Chaoyang, COVID, Shanghai, Shijiazhuang, China's Hebei, China's, Beijing

☆ Race to finish Indo-Pacific trade deals hit snags ahead of APEC summit
▼ + stars: | 2023-11-09 | by ( David Lawder | ) www.reuters.com time to read: +5 min

A sign advertising the upcoming APEC (Asia-Pacific Economic Cooperation) Summit in see as the city prepares to host leaders from the Asia-Pacific region in San Francisco, California November 8, 2023. Instead it promised cooperation on supply chains and clean energy along with higher standards for labor, environment and regulatory practices and digital trade. Negotiations on digital trade standards -- once seen as a marquee feature of the IPEF trade pillar -- are largely frozen as the Biden administration has suspended discussions on key rules after reversing longstanding U.S. positions on e-commerce. By adopting these fringe views on digital trade, USTR really brings the main substance on digital trade to a halt," said John Murphy, senior vice president for international policy for the U.S. Chamber of Commerce. One of the sources familiar with the talks said that early enthusiasm on the IPEF trade pillar -- which excludes India -- has given way to frustration over the difficulty and complexity of issues involved.

Persons: Carlos Barria, Biden, Joe Biden, IPEF, Wendy Cutler, Cutler, Trump, USTR, John Murphy, David Lawder, Sharon Singleton Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Pacific, Prosperity, Asia Pacific Economic Cooperation, Asia Society Policy Center, Commerce Department, U.S . Trade, Big Tech, U.S . Chamber of Commerce, Thomson Locations: Asia, Pacific, San Francisco , California, San Francisco, U.S, China, Washington, IPEF, Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, United States, TPP

A general view shows the water conditions in the Piraiba river before a summit of Amazon rainforest nations, in Belem, Para state, Brazil August 5, 2023. The Amazon jungle is the world's largest rainforest and its protection is seen as vital to curbing climate change. "It's an impressive result and seals Brazil's return to the climate agenda," said Marcio Astrini, head of advocacy group Climate Observatory. Under the right-wing former president, destruction at the hands of ranchers, land speculators and miners surged to a 15 year high. The official annual period is measured from August to July as there is less cloud cover in the middle of the year to obscure deforestation on satellite images.

Persons: Ueslei Marcelino, Luiz Inacio Lula da Silva, Jair Bolsonaro, Bolsonaro, Marcio Astrini, Lula, Peter Frontini, Jake Spring, Kylie Madry, David Gregorio Our Organizations: REUTERS, SAO PAULO, Thomson Locations: Belem , Para, Brazil

☆ Sen. Joe Manchin: The debt of our nation is 'the greatest threat we have as a country'
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Joe Manchin: The debt of our nation is 'the greatest threat we have as a country'Senator Mitt Romney (R-Utah) and Senator Joe Manchin (D-W.Va.) join 'Squawk Box' to discuss the new 'Fiscal Stability Act' that would create a commission to come up with potential improvements to the long-term fiscal health of the federal government, the push to rein in the nation's $33 trillion debt, why the national debt is the 'greatest threat' the U.S. faces, and more.

Persons: Email Sen, Joe Manchin, Mitt Romney Organizations: Email Locations: Utah, U.S

[1/2] A view shows smoke in the Gaza Strip as seen from Israel's border with the Gaza Strip, in southern Israel October 18, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsWASHINGTON/BAGHDAD, Nov 9 (Reuters) - A defective drone in Iraq may have helped keep America from being dragged deeper into a widening Middle East conflict. The possibility of a major strike that draws America into a conflict is "a very realistic concern," he said. "I think they are calibrating the attacks to harass rather than kill en masse U.S. troops," he said of Iraqi and Syrian militias. "We had rocket attacks, mortar attacks, before we got hit with the big bomb," he said.

Persons: Amir Cohen, David Schenker, Joe Biden, Biden, Antony Blinken, Mohammed Shia Al, Sudani, Ali Turki, Arif al, didn't, Saddam Hussein, it's, Blinken, Ayatollah Ali Khamenei, isn't, Biden's, Lloyd Austin, hasn't, Tom Cotton, Austin, Lindsey Graham, Austin demurred, Graham, David Madaras, Phil Stewart, Idrees Ali, Ahmed Rasheed, Amina Ismail, Parisa, Michael Georgy, Pravin Organizations: REUTERS, U.S, Israel, Pentagon, Washington Institute for Near, Sunday, Haq, IRAN Iraq's, U.S . Navy, Wednesday, U.S . Defense, Democrat, Senate Armed Services Committee, Republican, United, Thomson Locations: Gaza, Israel, WASHINGTON, BAGHDAD, Iraq, America, Erbil, Iranian, Syria, U.S, Iran, Syrian, Sudani's, Baghdad, IRAQ, IRAN, Tehran, Iraqi, Lebanon, Russian, Washington, TEHRAN, Yemen, Ukraine, China, pullout, Afghanistan, Ohio, Beirut, United States

☆ Canopy Growth's second-quarter core loss narrows on easing costs
▼ + stars: | 2023-11-09 | by ( Sourasis Bose | ) www.reuters.com time to read: +2 min

A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsNov 9 (Reuters) - Pot producer Canopy Growth (WEED.TO) reported a smaller second-quarter adjusted core loss on Thursday on the back of cost cuts. Canopy Growth said it cut another C$54 million in costs during the reported quarter. The company's adjusted core loss narrowed to C$11.9 million ($8.62 million) for the three months ended Sept. 30, compared with a loss of C$56.4 million a year earlier. Canopy Growth's net revenue fell 21% to C$69.6 million in the quarter as the company exited its retail Canadian business.

Persons: Chris Wattie, Judy Hong, Sourasis Bose, Shounak Dasgupta Organizations: REUTERS, U.S . Securities, Exchange, Holdings, Wana, Thomson Locations: Smiths Falls , Ontario, Canada, United States, Bengaluru

☆ U.S. Forces Under Fire in Middle East as America Slides Towards Brink
▼ + stars: | 2023-11-09 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +10 min

By Phil Stewart, Idrees Ali and Ahmed RasheedWASHINGTON/BAGHDAD (Reuters) - A defective drone in Iraq may have helped keep America from being dragged deeper into a widening Middle East conflict. The possibility of a major strike that draws America into a conflict is "a very realistic concern," he said. "I think they are calibrating the attacks to harass rather than kill en masse U.S. troops," he said of Iraqi and Syrian militias. Iran says it had no role in Hamas' Oct. 7 raid on Israel, though it has welcomed the attack. "We had rocket attacks, mortar attacks, before we got hit with the big bomb," he said.

Persons: Phil Stewart, Idrees Ali, Ahmed Rasheed WASHINGTON, David Schenker, Joe Biden, Biden, Antony Blinken, Mohammed Shia Al, Sudani, Ali Turki, Arif al, didn't, Saddam Hussein, it's, Blinken, Ayatollah Ali Khamenei, isn't, Biden's, Lloyd Austin, hasn't, Tom Cotton, Austin, Lindsey Graham, Austin demurred, Graham, David Madaras, Ahmed Rasheed, Amina Ismail, Parisa, Michael Georgy, Pravin Char Organizations: U.S, Israel, Pentagon, Washington Institute for Near, Sunday, Haq, IRAN Iraq's, U.S . Navy, Wednesday, U.S . Defense, Democrat, Senate Armed Services Committee, Republican, United Locations: BAGHDAD, Iraq, America, Erbil, Iranian, Syria, Gaza, U.S, Iran, Syrian, Israel, Sudani's, Baghdad, IRAQ, IRAN, Tehran, Iraqi, Lebanon, Russian, Washington, TEHRAN, Yemen, Ukraine, China, pullout, Afghanistan, Ohio, Beirut, United States

☆ U.S. suspends Indo-Pacific talks on key aspects of digital trade -lawmakers
▼ + stars: | 2023-11-08 | by ( David Lawder | ) www.reuters.com time to read: +3 min

The halt comes after the U.S. Trade Representative's office last month reversed longstanding U.S. digital trade demands at the World Trade Organization -- no longer insisting on rules that protect free cross-border data flows and prohibit national requirements for data localization and reviews of software source code. The U.S. Trade Representative's office said it withdrew its position to give Congress room to enact stronger technology regulations. "We thank you for suspending negotiations on aspects of the IPEF digital text that can be used to frustrate privacy, AI, civil rights and liberties, anti-monopoly, gig worker and other digital safeguards that Congress and the administration seek," the lawmakers wrote. People familiar with the talks say that discussions on the digital trade chapter have largely ground to a halt because the U.S. position is now unclear and being reevaluated. A USTR spokesperson declined comment on the IPEF digital talks.

Persons: Elizabeth Warren, Julia Nikhinson, Biden, IPEF, Amy Klobuchar, Pramila Jayapal, David Lawder, Leslie Adler Organizations: Intelligence, U.S, Capitol, REUTERS, Rights, Democratic, U.S . Trade, World Trade Organization, Representatives, Commerce Department, Asia Pacific Economic Cooperation, Tech, Thomson Locations: Washington , U.S, U.S, Mexico, Canada, IPEF, San Francisco, Asia, China

☆ A 28 year old who went from having 'no assets' to buying his first home and saving enough to quit his six-figure job explains the 'money dials' philosophy he uses to rein in his spending
▼ + stars: | 2023-11-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

He worked his way up to making six figures, he said, but his income didn't necessarily make him wealthy. Using the 'money dials' spending philosophy to save $25,000 in one yearWhen Luebben got serious about saving, he started tracking his expenses to understand exactly where his money was going. He learned about a budgeting philosophy called money dials , coined by personal finance expert Ramit Sethi, and decided to implement it. Money dials are essentially spending categories like travel, health, food, and experiences that you can either turn up or down. Sethi encourages everyone to take the time to understand what money dials are the most important to them.

Persons: Brian Luebben, Luebben, Ramit Sethi, Sethi, spender, He'd, Brian Luebben Luebben, Academy didn't, He's, haven't Organizations: Academy, Action Academy Community Locations: Smyrna , Georgia, Georgia

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