The Presidential Daily Brief


  1. janet yellen

    Fed Signals Potential December Rate Hike

    They haven’t made a decision yet. But minutes of an October meeting at the Federal Reserve, released today, have analysts preparing for a likely rate hike at the end of the year. The account of the meeting includes an explicit warning that “it may well become appropriate” to raise rates next month. If the economy stays robust — and a strong October jobs report indicates that it may — Fed Chair Janet Yellen could soon bring rates above near zero for the first time since 2008.

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    Bomb Kills Dozens at Nigerian Market

    Did he declare victory a little too soon? Nigerian President Muhammadu Buhari visited the northern city of Yola on Saturday, giving medals to soldiers fighting Boko Haram militants. But late yesterday at least 30 were killed in a suicide attack at a busy market there — the city’s second deadly bombing this year. Scores more were injured and hospitalized, and while no one has claimed responsibility, Buhari, who’s ordered the arrest of a former national security adviser who may have mishandled funds earmarked for fighting extremism, has already taken aim, tweeting that “enemies of humanity will never win.”

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    Macau’s Gambling Industry Suffers a Losing Streak

    They’re betting on a downturn. The Chinese territory says casino revenues will probably fall again next year as the industry continues to be crippled by Beijing’s corruption crackdown and economic stagnation. The world’s biggest gambling mecca expects gross gaming revenue to plummet to $25 billion, down from a projected $30 billion this year, and far from 2013’s $45 billion. The news has investors wondering how best to roll the dice, and the former Portuguese colony’s 600,000 residents — heavily reliant upon gambling — fearing for the worst.

  4. Obama Asks China to Stop Building Islands, Bomb Threats plague flights

    Obama, at APEC summit, urges Beijing to stop building islands in South China Sea. (NYT)

    Two Paris-bound flights grounded by bomb threats. (NBC)

    Paris suspect’s brother speaks out, says family had no idea. (Washington Post)

    Germany remains on high alert following two bomb scares. (DW)

    ISIS claims to have killed two hostages, one Norwegian and one Chinese. (Reuters)


  1. Jonah Lomu

    Rugby Icon Jonah Lomu Dies at Age 40

    Fans are mourning the loss of the sport’s first global superstar. The All Blacks left wing played in 63 tests for New Zealand, scoring 37 tries, one of which — plowing his way through England players at 1995’s World Cup — was recently voted the greatest in rugby history. Lomu was forced to retire in 2002 after developing Nephrotic syndrome, a rare kidney disease, but he had been on dialysis, and his death was unexpected. New Zealand Rugby chief executive Steve Tew said he’ll be remembered as a “legend.”

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    Will Billionaires Go Bust Again in 2016?

    Donald Trump doesn’t need ’em, Bernie Sanders doesn’t want ’em, and they’re both faring better than candidates with the uber-rich in their corners. American billionaires are looking for better election returns after seeing their 2012 donation investments go to waste when their choices failed to secure the White House. Despite a few candidates refusing the cash, America’s super-wealthy are doubling down for 2016, with an election that looks set to break fundraising and spending records of the past … which means someone’s probably making another bad bet.

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    Coffee Could Help People Live Longer

    Wake up and smell the longevity. A new study gives folks another excuse to perk up and start the day with a cup of joe. The research followed 208,000 people over a period of 30 years and found that drinking three to five cups of brew a day lowered non-smokers’ risk of premature death by 15 percent. It also found links to lower risks of cardiovascular disease, neurological disease and suicide — though notably not cancer. Next steps will include isolating the specific compounds fueling this jolt in life expectancy.

  4. Harrelson McConaughey

    HBO: ‘True Detective’ Future Remains Uncertain

    It’s making a case. The cable network signed creator Nic Pizzolatto to a deal through 2018, but there’s no guarantee the award-winning crime drama will return for a third season. While the second held up in the ratings, it left fans and critics disappointed. HBO is negotiating with the 40-year-old novelist-turned-showrunner, hoping to convince him to bring more creative voices to the table or loosen the reins. But the network says it’s ultimately up to Pizzolatto to resolve the mystery surrounding his show’s fate.

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    Pa. Utility Commission Wants Uber to Pay $50 Million

    They should know you need a license to drive. That’s the message from judges who plan to recommend a massive fine against the ride-sharing giant for having “uncertified drivers” operating in Pittsburgh for six months in 2014, and for ignoring information requests. If the commission approves the judges’ proposal, it’ll be the highest fine ever in the Keystone State. Uber gets 20 days to object, and a spokesperson says they’re “extremely disappointed” and will definitely be presenting a case to reach a “reasonable” settlement.