Financial Markets and Economy
$9 trillion and counting: How central banks are still flooding the world with money (CNN Money)
The world's four most powerful central banks have pumped more than $9 trillion into the global economy since the financial crisis in a bid to boost growth, inflation and employment.
Saudi, Iran hike oil production before talks on output freeze (CNN Money)
Saudi Arabia and Iran are increasing oil production right ahead of a critical OPEC meeting when members are expected to discuss freezing output.
Italy to cut growth forecasts – economy minister tells paper (Reuters)
The Italian government will revise down its forecasts for growth and inflation when it presents a new macroeconomic scenario for its budget law, Economy Minister Pier Carlo Padoan told newspaper Il Messaggero on Saturday.
Marriage Falls in China, Transforming Finances and Families (NY Times)
HONG KONG — Liu Zhenfeng got married at 25. The usual trappings of family life followed — a daughter, a home, furniture, toys.
The EU opened an unprecedented ethics investigation into Barroso taking a job at Goldman Sachs (Reuters)
BRUSSELS (Reuters) – EU chief executive Jean-Claude Juncker has launched an unprecedented ethics investigation into his predecessor, Jose Manuel Barroso, questioning whether he broke EU law by taking a job at Goldman Sachs.
OPEC points to larger 2017 oil surplus as rivals keep pumping (Reuters)
OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude, pointing to a larger surplus in the market next year.
OPEC Says Non-OPEC Output Stronger Than Expected (The Wall Street Journal)
LONDON—OPEC said Monday that crude-oil output from rival producers is turning out to be stronger than expected and will result in a bigger glut of petroleum than previously believed this year and next.
Trump Claims Yellen Is Holding Rates Low to Aid Obama (The Wall Street Journal)
Republican presidential nominee Donald Trump ratcheted up his criticism of the Federal Reserve and Chairwoman Janet Yellen on Monday, saying the central bank is keeping rates low to help President Barack Obama.
There's a Simple Reason JPMorgan Is Warning Investors to Take Care With U.S. Treasuries (Bloomberg)
When Japanese, European, and U.K. government bonds sneeze, U.S. Treasuries catch a cold?
Investors have been eschewing some longer-dated government debt as they fret over the willingness — and ability — of central banks to continue to fan economic growth through unconventional monetary policy such as bond purchase programs.
The More Cash People Have, the Happier They Are (The Wall Street Journal)
Conventional wisdom says you should be investing as much of your excess money as you possibly can. That may be the best path to greater wealth. But it may not be the best path to happiness.
The World’s Inventory Of Molybdenum Has Quietly Fallen To Zero (Value Walk)
Here’s a story you haven’t heard anything about. But which might vault into the headlines of the mining investment world very, very soon.
U.S. inflation expectations rebound in August: New York Fed survey (Reuters)
Two measures of U.S. inflation expectations rebounded last month, according to a Federal Reserve Bank of New York survey that may come as a relief to central bankers worried about price measures stuck at low levels.
One of the biggest signs of a recession isn't going away (Business Insider)
Joe LaVorgna, chief US economist at Deutsche Bank, is again raising warnings about a corporate profit-led recession.
Wall Street rallies as traders reassess Fed outlook; dollar slips (Reuters)
U.S. stocks led global shares higher on Monday after Federal Reserve policymakers sounded cautious notes on near-term interest rate increases, while the U.S. currency slipped.
Oil rises on dollar, U.S. equities; crude inventories eyed (Reuters)
Oil prices ended nearly 1 percent higher on Monday as a softer dollar and stronger U.S. equity markets helped crude futures rebound from an early drop pressured by worries about increased drilling activity for oil in the United States.
Brexit Banks Risk Finding No Offices If Quitting City for EU (Bloomberg)
Banks planning to move staff out of London after Brexit face a stark reality: There isn’t much prime real estate up for grabs in rival cities.
Stocks Soar Most In 2 Months After Brainard Warns "Not Compelling" To Raise Rates (Zero Hedge)
The Natural Gas Market 9-12-2016 (Video) (EconMatters)
We discuss the Natural Gas Market in this video. We concentrate on the technicals, and what they are indicating regarding the market. Lots of people are bullish Natural Gas from a Macro perspective.
Companies
HSBC Banking Vice Chairman Spencer Lake Leaves Firm After Decade (Bloomberg)
HSBC Holdings Plc’s vice-chairman of global banking and markets Spencer Lake is leaving the firm after being sidelined in a reorganization of the investment bank earlier this year.
Aeropostale Wins Approval of $243 Million Sale to Mall Group (Bloomberg)
Teen clothing retailer Aeropostale Inc. won court permission to sell its assets to buyers led by Simon Property Group Inc. and General Growth Properties Inc. after the landlords banded together with liquidators to save jobs and stores — a novel approach that lawyers said could be a model for distressed retailers.
Game Time For Twitter: Jack Dorsey's Big Bet On Live Events (Fast Company)
Once upon a time, there was an ocean that surged with a billion and one stories. Every one was different, and they combined in unexpected ways to create new stories. Fishing one out of the torrent took patience, but could be enormously rewarding.
Second ship from bankrupt Hanjin allowed into California ports (Reuters)
A portion of the $14 billion in cargo trapped at sea by the bankruptcy of Hanjin Shipping Co Ltd (117930.KS) began moving out of one California port on Monday, and a second ship received orders to head to dock, after the turmoil created by the South Korean company's collapse.
Politics
Hacking The US Election: How The Worlds Of Cyberwarfare And Politics Are Colliding Spectacularly (Forbes)
Headlines have buzzed over the past few months with a series of cyberattacks targeting the American political system leading up to the presidential election this November.
Already-low voter satisfaction with choice of candidates falls even further (Pew Research Center)
Voter satisfaction with the choice of presidential candidates, already at a two-decade low, has declined even further. A new survey finds that just a third of registered voters say they are very or fairly satisfied with the choices, while 63% say they are not too or not at all satisfied.
Donald Trump Stands Up For Backers Even as Rally Scuffle Breaks Out (Jonathan Lemire, AP, TIME)
(BALTIMORE) — Donald Trump stood up for his supporters Monday against Hillary Clinton’s remark that half of his supporters belonged in “a basket of deplorables,” denouncing the comment as “an explicit attack on the American voter” and suggesting that it makes her unfit for the presidency.
'I didn't think it was a big deal,' Clinton says of pneumonia bout (Reuters)
Democrat Hillary Clinton said on Monday she could resume presidential campaigning in a couple of days after a bout of pneumonia that she initially had not believed was "that big a deal."
What Happens if Hillary Drops Out for Health Reasons (Fortune)
Hillary Clinton collapsed at the 9/11 memorial service on Sunday, delivering another jolt to the already chaotic 2016 Presidential campaign.
Technology
Phononic raises $30 million to rethink refrigeration (Tech Crunch)
A startup based in North Carolina’s Research Triangle Park, Phononic, wants to make refrigeration and temperature control far more efficient, and steadier, than is possible with traditional systems.
Researchers are using ‘Grand Theft Auto’ to improve navigation for driverless cars (The Next Web)
While you might be playing GTA to remorselessly run over people for fun, researchers are now using the popular game to train computers how to better navigate self-driving cars in the real world.
Google's Self-Driving Car Project Is Losing Out to Rivals (Bloomberg)
Chris Urmson, the mild-mannered robotics expert who ran Google’s self-driving car project, used to say that when his son reached driving age in 2019 the technology would be available so the teenager wouldn’t have to take a driving test.
The 'Tesla of buses' just made a big move to eliminate diesel buses forever (Business Insider)
The Silicon Valley-based start-up has one focus: to eliminate the need for a diesel bus, forever. It's something the company has been working quietly on since 2004, and has made moderate progress since. It sold its first three, all-electric buses in 2009, ramping up sales marginally throughout the years since.
Samsung's exploding phones are a complicated problem — but it's still well-positioned to weather it (Mashable Asia)
There's never a good time for a $900 smartphone to explode in your face. But that doesn't mean there isn't a worst time — and Samsung's probably found it.
Make your own batarangs with the Wazer desktop water jet cutter (Engadget)
You're probably familiar with laser cutters, if only because of indelible images like Sean Connery strapped to a table as a red beam slowly makes its way toward his crotch.
This is the only 'Apple Watch' that can get you drunk (Mashable Asia)
Last week's unveiling of the Apple Watch Series 2 kicked off the next phase of Apple's wearables era, but another kind of "apple" wearable debuted on the same day, with much less fanfare, but offering unique features no smartwatch can.
Health and Life Sciences
World Health Organisation should outsource key duties, experts say (The Guardian)
Global public health experts have called for “fundamental and extensive reform” of the World Health Organisation (WHO) including major outsourcing of key activities, warning that the organisation is already at risk of repeating the mistakes it made in handling the Ebola crisis.
Scientists have halted Huntington's disease activity for 6 months in mice (Science Alert)
A new treatment for Huntington’s disease has curbed the activity of a genetic mutation responsible for severe muscle problems and involuntary twitching for several months in a trial with mice.
Legalise cannabis for medical use, say MPs including shadow cabinet minister (The Telegraph)
One of Jeremy Corbyn's shadow cabinet ministers has approved a report calling for cannabis to be legalised for medical use.
Life on the Home Planet
Asteroid Narrowly Misses Communications Satellites With Only Two-Day Warning (Motherboard)
Just two days before its approach of Earth last week, astronomers discovered the presence and precarious trajectory of Asteroid 2016 RB1.
New Tricks Make ISIS, Once Easily Tracked, a Sophisticated Opponent (The Wall Street Journal)
Weeks before Islamic State militant Abdelhamid Abaaoud led the Nov. 13 terror attacks in Paris, French authorities thought he was holed up in northern Syria. Western Intelligence agencies pursuing Abaaoud had tracked him there using cell-phone location data and other electronic footprints.
North Korea ready for another nuclear test any time: South Korea (Reuters)
North Korea is ready to conduct an additional nuclear test at any time, South Korea's Defence Ministry said on Monday, three days after Pyongyang's fifth test drew widespread condemnation.
A New Legal Assault on Firearm Makers: Some Guns May Be Dangerous (Bloomberg)
Trouble is brewing in New England for gun manufacturers. The Massachusetts attorney general has launched an innovative investigation of major firearm makers based on her state’s expansive consumer-protection law.
Tent Cities Full Of Homeless People Are Booming In Cities All Over America As Poverty Spikes (The Economic Collapse)
Just like during the last economic crisis, homeless encampments are popping up all over the nation as poverty grows at a very alarming rate. According to the Department of Housing and Urban Development, more than half a million people are homeless in America right now, but that figure is increasing by the day.
Six shot, one dead, at Alabama rally: media reports (Reuters)
Six people were shot, one of them fatally, when gunfire broke out after a rally at a Birmingham public housing project on Sunday, media reports said.
U.S. Bombers Fly over South Korea in a Show of Force Against the North (Lee Jin-man, AP, TIME)
The United States on Tuesday sent nuclear-capable supersonic bombers streaking over ally South Korea in a show of force meant to cow North Korea after its recent nuclear test and also to settle rattled nerves in the South.
If This Timeline Doesn't Convince You Climate Change Is Real, Nothing Will (Popular Science)
With today's news that August broke global temperature records, it's useful to consider how much our world's climate has changed over the years. A fantastic new timeline created on the web comic xkcd does exactly this.
10 scientific hoaxes that the world totally fell for (Science Alert)
Every now and then, a scientific discovery comes along that is just so wild that you can't wrap your head around it at first. Electricity, the theory of relativity… the slinky. It's these wild, new advancements that push the boundaries of science and end up changing our lives.
