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From: Bill Wolf6/15/2019 8:53:48 AM
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U.S. Escalates Online Attacks on Russia’s Power Grid

By David E. Sanger and Nicole Perlroth

June 15, 2019

WASHINGTON — The United States is stepping up digital incursions into Russia’s electric power grid in a warning to President Vladimir V. Putin and a demonstration of how the Trump administration is using new authorities to deploy cybertools more aggressively, current and former government officials said.

In interviews over the past three months, the officials described the previously unreported deployment of American computer code inside Russia’s grid and other targets as a classified companion to more publicly discussed action directed at Moscow’s disinformation and hacking units around the 2018 midterm elections.

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From: Bill Wolf6/15/2019 9:17:16 AM
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Bribes and Backdoor Deals Help Foreign Firms Sell to China’s Hospitals

G.E., Siemens and others have prospered in a country where corruption pervades the market for medical equipment, according to a New York Times investigation. China’s 1.4 billion people pay the price.

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From: Bill Wolf6/17/2019 7:40:24 AM
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Trump ‘perfectly happy’ to slap further tariffs on China if no deal is reached, Wilbur Ross says
Published 5 hours agoUpdated 2 hours ago
Elliot Smith

Key Points

Speaking to CNBC’s Phil LeBeau at the Paris Airshow Monday, Commerce Secretary Wilbur Ross said enforcement would be the most important element of any potential deal between the world’s two largest economies.

Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29, where Trump and Chinese President Xi Jinping are expected to be in attendance.

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From: Bill Wolf6/17/2019 7:46:03 AM
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Apple CEO Tim Cook: Technology companies need to take responsibility for chaos they create
Published Sun, Jun 16 2019 3:42 PM EDTUpdated Sun, Jun 16 2019 6:05 PM EDT
Kif Leswing

Key Points

Apple CEO Tim Cook warned Silicon Valley companies in a speech at Stanford on Sunday.

He said that data breaches and privacy violations threatened freedom.

Apple advertises privacy as a key iPhone feature and recently released a privacy-focused sign-on feature that competes with Google and Facebook.

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From: Bill Wolf6/17/2019 8:40:25 AM
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Home Aquariums Become Nature-Based Art Experiences
More homeowners want exotic fish and visual spectacles
By Nancy A. Ruhling

| Originally Published On June 16, 2019 | Mansion Global

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From: Bill Wolf6/18/2019 7:50:22 AM
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Companies don’t want more tariffs. Tough.
Businesses, from toymakers to port officials, testify this week in seven days of hearings about the Trump administration’s plan to impose tariffs on $300 billion worth of Chinese imports. Those companies think their efforts will be largely futile, Ana Swanson of the NYT writes.
• Toymakers are worried, because 85 percent of all toys sold in the U.S. are now made in China, and the tariffs would hit just as they’re stocking up on holiday-season products. (One lobbyist, Rebecca Mond, clutching a Pikachu doll, said, “This guy is not a security threat.”)
• Mark Corrado, the president of a women’s underwear maker, testified that America no longer has enough people who can sew to make brassieres as well as they’re made in China.
• John Reinhart, the head of the Virginia Port Authority, warned that the proposed new tariffs could raise prices for the cranes that unload ships: “The cost of imposing tariffs on gantry cranes poses a significant risk to continued economic growth for the communities of Virginia and beyond.”
Several companies testified at previous tariffs hearings only to see the levies imposed anyway.
Prospects of dodging tariffs this time look shaky. President Trump is set to meet with President Xi Jinping of China at the Group of 20 gathering later this month. But White House officials say that they are unlikely to strike a deal then, and it remains unclear what would persuade Mr. Trump to back off.
More: The trade war is lowering gas prices. That’s not necessarily a good thing.

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From: Bill Wolf6/18/2019 7:51:53 AM
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Did the Fed make a mistake?
Today is the start of a two-day Fed policy meeting, and the big question at the central bank is whether it was wrong to keep raising interest rates last year — and whether reversing course now would be another mistake, Neil Irwin of the Upshot writes.
In hindsight, raising rates looks like an error. Economic growth is slowing; wages are only tentatively creeping up; and investors appear to believe that inflation won’t be a problem anytime soon. So higher interest rates aren’t needed.
But lowering them now might be a mistake too. It might show that the Fed is too worried about short-term market movements, or give the impression that the central bank will bow to political pressure from President Trump.
The smart money is on the Fed lowering rates — but not now. Most investors think it will telegraph such a move after this week’s meeting ends, but hold off actually doing it until next month.
One thing to watch: The Fed’s dot plot, which shows individual governors’ expectations on interest rates. It will be released tomorrow.

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From: Bill Wolf6/18/2019 7:56:14 AM
1 Recommendation   of 11393
Justice Thomas: Supreme Court shouldn't follow erroneous precedent

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From: Bill Wolf6/18/2019 7:57:50 AM
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Paul Manafort Seemed Headed to Rikers. Then the Justice Department Intervened.

The decision came after Attorney General William Barr’s top deputy sent a letter to state prosecutors. Mr. Manafort will now be held in a federal lockup while he faces state charges.

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From: Bill Wolf6/18/2019 8:02:49 AM
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‘An incredibly divisive figure’ – Donating to Trump might be a tough call for Corporate America in 2020
Published 2 hours agoUpdated Moments Ago
Eamon Javers

Key Points

With the official launch of President Donald Trump’s 2020 reelection campaign Tuesday, Corporate America faces a vexing challenge: Should it put campaign money behind the incumbent Republican running for reelection?

Typically, that would be an easy call for companies long aligned with the Republican Party’s low-tax, free market message. But this is not a typical year, and Trump is not a typical Republican president.

His disruptive trade confrontations have sent shockwaves through the business world, while, insiders say, companies may wonder whether associating with Trump could alienate employees and customers.

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