They’re going hard on the holding pattern. After speculation that they might raise interest rates for the first time zince 2006, the Fed decided to play it safe, saying that for now rates will stay as they are. Some analysts expect this to tamp down global markets, as it could mean the Fed’s confidence in the U.S. and global economies is still shaky, but stocks held steady just after the announcement. The banking body gave no clues about potential future rate rises, but many in the industry expect the hike to come later this year.
The Presidential Daily Brief
It was a hot one in Southern California. But if “Humble” — the front-runner’s potential Secret Service name for himself — felt the heat, he certainly didn’t sweat. Nearly every other candidate on stage took swings at the real estate mogul. Yet Trump stayed upright and injected humor, comfortably sharing the spotlight with emboldened outsiders and, according to Carlos Watson, he’s likely to stay on top. OZY’s co-founder also predicts a rise for Carly Fiorina, who turned the infamous “that face” line back on Trump, and proved a worthy and policy-focused opponent.
United Nations Secretary-General Ban Ki-moon said he was “shocked” by yesterday’s skirmishes along the Hungary-Serbia border between hundreds of migrants and Hungarian police, who used tear gas and water cannons against the refugees. Hungarian leaders defended their actions, noting how 20 officers were injured by migrants trying to breach a barbed wire fence. Many of the desperate are increasingly rerouting through Croatia, and Hungary is now planning to build another fence along its Croatian frontier while the EU mulls a border surveillance system.
No one wants to ride that wave. A 15-foot wall of water crashed into the Chilean coast last night after an 8.3-magnitude temblor rocked the central part of the country, killing at least 10. Authorities responded by evacuating nearly a million people along the coast, and alerting agencies as far north as California and as far south as New Zealand to possible tsunamis. Homes were reportedly damaged in the western city of Illapel, rescue crews are sifting through the debris — well aware that violent aftershocks are still possible.
They’re invading America. European telecom giant Altice is buying Cablevision in an agreement reportedly valued at nearly $18 billion. The move — which will see French-Israeli billionaire Patrick Drahi pay a mix of cash and stocks — should close by mid-2016. Banks are already lining up to finance the deal for Altice, which has been expanding into European television and radio in recent months. This coup will make Drahi’s group the owner of Newsday newspaper and the No. 4 cable operator in the U.S.
Prosecutors set to lay out arguments for Bowe Bergdahl court martial. (CNN)
GM to pay $900 million in settlement over safety defect. (Reuters)
Remains of second Mexican student identified. (Al Jazeera)
Will Japanese troops fight overseas for first time since World War II? (DW)
Planet set three temperature records in month of Agust NOAA
Keeping your head out of the clouds could save your life. A new study from the Max Planck Institute for Chemistry reveals that about 3.3 million people die prematurely every year from disorders — heart disease, strokes, cancers and respiratory illnesses — linked to low-altitude ozone particulates. Unless drastic changes are made, that number could soar to 6.6 million by 2050. The causes vary by region, with China and India the hardest hit, and researchers hope their work can influence pollution policies before it’s too late.
But can America get in on the game? Infrastructure in the region is expected to be a $2.8 trillion industry over the next five years, creating jobs and profits around the globe, and U.S. authorities are scrambling to ensure homegrown companies get a piece of the action. But after Obama’s snub of the Asian Development Bank, it could be an uphill climb. The current narrative points to America’s decline and China’s ascent, but analysts say it’s not that simple, and U.S. companies’ ability to organize projects may work in their favor.
It’s not dead after all. The acclaimed French zombie series is getting a long-awaited second season … with some spooky timing. The show — which focuses on a small mountain village in France where a number of people mysteriously start coming back from the grave — inspired an American clone that got buried after just one season. But the original’s next installment, which picks up six months after the central characters’ disappearance in the first season, airs in Europe later this month and hits U.S. screens on Halloween.
That tiny stuff in toiletries is a big problem. A new study says plastic microbeads — found in everything from toothpaste to face scrub — are polluting oceans and waterways. The beads, no bigger than grains of sand, add texture to everyday products but could easily be replaced with biodegradable alternatives. Many states have banned them, but companies use loopholes to continue producing these tiny pests — washed down drains at a rate of 8 trillion a day, enough to cover 300 tennis courts — and experts are calling for a universal ban.
He didn’t play by the book. Head football coach Kyle Flood has been suspended and fined $50,000 for twice contacting a professor about an athlete’s academic standing. University President Robert Barchi said Flood violated school policy, first emailing the faculty member and then scheduling a face-to-face meeting to discuss former cornerback Nadir Barnwell’s grades. Barnwell, along with several other players, was recently dropped from the team following a series of arrests. Flood has apologized and will be benched for the Scarlet Knights’ next three games.