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☆ Republicans are desperate for attention — and it's decimating their ability to govern
▼ + stars: | 2023-10-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +15 min

In the end, the only man who could unify House Republicans behind him was a relatively little-known and mild-mannered evangelical Christian from Louisiana. AdvertisementAdvertisementAs the speaker saga wore on, it provoked questions among some House Republicans: How could it be that they had failed to elect a speaker for so long? While Gaetz maintains otherwise, his angry GOP colleagues have plenty of evidence to make their case that it was an attention ploy. Rep. Matt Gaetz surrounded by reporters and cameras after the House voted to oust Kevin McCarthy from the speakership. The attention economy doesn't preclude an ability to govern — an effective politician might seek to harness their celebrity towards worthy ends.

Persons: Mike Johnson's, Matt Gaetz, Kevin McCarthy, Garrett Graves, Sen, Thom Tillis, Madison Cawthorn, Tillis, Drew Angerer, Greg Murphy of, Nancy Mace, McCarthy, Mace, I'm, Win McNamee, Josh Hawley, Ronald Reagan, Donald Trump's, Nicole Wallace, Obama, JD Vance, Ohio, Vance, Ted Cruz, Jose Luis Magana, denialism, Jim Jordan, Marjorie Taylor Greene, Brett Kavanaugh, Jen Psaki, Symone Sanders, it's, Rep, Alexandria Ocasio, Cortez, Kelly Armstrong, Adam Schiff, Chip Somodevilla, Bob Good, Virginia, Gaetz, —, Ken Buck, Colorado, Hawley deadpanned, Mike Lawler, I've, Cruz, Buck, Joe Biden, Liz Cheney Organizations: Republicans, GOP, North Carolina Republican, Getty, Twitter, South Carolina, Republican, Rep, Fox News, Republican Party, Conservative Political, Conference, AP, Cannon, South, Democratic, Supreme, Biden, MSNBC, Democrats, Capitol, New York Post, Colorado Locations: Louisiana, Florida, Greg Murphy of North Carolina, Missouri, Hollywood, California, South Carolina, Alexandria, Cortez of New York, Ukraine, New York, Ted Cruz of Texas

☆ Stocks are vulnerable to double-digit moves as political chaos worsens into next year, Evercore says. Here are its investing recommendations for riding the volatility.
▼ + stars: | 2023-09-29 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

How does a government shutdown affect the stock market? As far as directly affecting the stock market, however, it would be unusual for a government shutdown to be deeply detrimental. According to Evercore senior managing director Julian Emanuel, "the history of government shutdowns has been largely irrelevant for the stock market. It didn't in 1954 and it didn't in 2020, two 'tight government' years," Emanuel wrote. "But when stocks play politics like they are now and will be for another 13+ months, it does mean more volatility."

Persons: Goldman Sachs, Evercore, Jerome Powell, Julian Emanuel, shutdowns, Emanuel Organizations: Capitol, Wall, Federal Reserve, Fed, Representatives, White, Nvidia, Meta, Vertiv Holdings

Relatives of those still missing told CNN they are terrified. Here’s what we know so far:Where did the flood hit? Morgues are stacked to capacity and dead bodies have been left on the sidewalks outside, Osama Aly, spokesperson for the Emergency and Ambulance Service in Libya, told CNN Tuesday. Analysts have said that climate forecasts gave warnings days before the storm hit Libya, but that authorities in the east did not act quickly enough. Tamer Ramadan, head of international Federation of Red Cross and Red Crescent Societies (IFRC) in Libya, told CNN Tuesday that the issue of rival governments in Libya doesn’t affect their operations.

Persons: “, Areej’s, Emad Milad, ” Milad, Osama Aly, Muammar Gaddafi, Abdulhamid Dbeibeh, Khalifa Haftar, Osama Hamad, Esam Omran, Reuters Derna, Ahmed Al, Mismari, ” Al, Al, Tamer Ramadan, ”, Jamal Alkomaty, Daniel, ” Karsten Haustein Organizations: CNN —, Authorities, United Nations ’ International Organization for Migration, CNN, Emergency, Ambulance Service, UN, of National Unity, GNU, Libyan National Army, Reuters, Arabiya, Federation of Red, Red Crescent Societies, Leipzig University, Science Media Center Locations: Derna, Libya, Tobruk, Benghazi, NATO, Tripoli, Egypt, UAE, Turkey, Italy, Algeria, Libya’s, Greece, Germany

☆ Libyan PM sacks foreign minister as row over Israel meeting grows
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +5 min

[1/2] Libyan Foreign Minister Najla el-Mangoush attends a joint press conference at the conclusion of the Libya Stabilization Conference, in Tripoli, Libya, October 21, 2021. Mangoush had said her meeting with Israeli Foreign Minister Eli Cohen in Rome was unplanned and informal, but an Israeli official told Reuters it had lasted two hours and was approved "at the highest levels in Libya". The meeting is contentious because Libya does not formally recognise Israel and there is widespread public support across the Libyan political spectrum for the Palestinian cause of creating an independent state in territory Israel occupies. The Libya prime minister sees Israel as a possible bridge to the West and the U.S. administration," the official said. Libya's parliament based in the east, which rejects the GNU, said on Sunday it would hold hearings into the meeting with the Israeli minister.

Persons: Najla, Mangoush, Hazem Ahmed, Najla Mangoush, Eli Cohen, Abdulhamid, Muammar Gaddafi, Cohen, Antonio Tajani, Dbeibah, Libya's, Abraham, Francesco Galietti, Giorgia Meloni, Dan Williams, Francesca Landini, Gavin Jones, Angus McDowall, James Mackenzie, Peter Graff, Mark Heinrich, Conor Humphries Organizations: Libyan Foreign, Libya Stabilization Conference, REUTERS, Rome Israeli, Israeli, Reuters, Protesters, Libya's Foreign, Palestinian, Libyan, U.S, United Arab, Abraham Accords, of National Unity, GNU, UAE, High State Council, Dbeibah, Italian, Thomson Locations: Libya, Tripoli, Rome, TRIPOLI, JERUSALEM, Israel, Benghazi, Italian, Italy, United Arab Emirates, Bahrain, Morocco, Sudan, United States, Dbeibah's, Reuters Libya, Jerusalem

☆ Op-ed: The 2022 midterm elections matter less to stock markets than investors think
▼ + stars: | 2022-11-08 | by ( Andrew Graham | Founder Of Jackson Square Capital | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on November 02, 2022 in New York City. To be sure, markets and investors care about elections – just not as much as many think. Still, it's interesting that stocks have typically done well in the aftermath of midterm elections. Clarity mattersTo be sure, businesses and investors have policy preferences, with most preferring lower taxes and fewer regulations. Gridlock is goodOne argument for why stock gains could be more than just transitory is that this election is unlikely to produce a unified government.

☆ Biden hosts first Pacific Island country summit
▼ + stars: | 2022-09-29 | by ( Summer Concepcion | ) www.nbcnews.com time to read: +2 min

President Joe Biden on Thursday will host leaders attending the first Pacific Island summit this week as part of the administration's effort to increase U.S. engagement and investments in the region. Biden will also host a dinner with the leaders, many of whom are making their first visits to the White House, a senior administration official said. The summit and strategy comes as the U.S. seeks to counter China's growing military and economic influence in the region. The summit began Wednesday with Secretary of State Antony Blinken welcoming Pacific island leaders at the State Department. The official referenced several “daunting challenges, including climate change, Covid recovery, overfishing, education, jobs and unexploded ordnances from World War II.

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