ibt-mailAug 21, 2024, 9:58 AM

Obamas Give Harris Big Boost At DNC's Day 2

Newsletter Aug 21, 2024 Quick Six Kamala Harris gets big boost from Obamas at Day 2 of DNC Former president and first lady Barack and Michelle Obama gave Vice President Kamala Harris a massive boost

Newsletter Aug 21, 2024

Quick Six

Kamala Harris gets big boost from Obamas at Day 2 of DNC
Former president and first lady Barack and Michelle Obama gave Vice President Kamala Harris a massive boost Tuesday night at the Democratic National Convention in Chicago. Speaking in her hometown, Michelle Obama praised Harris and said she is ready for the opportunity to lead the country into a "ambitious future," followed by her hugely popular husband's rousing speech about the importance of saving democracy and defeating Donald Trump.
SEE HOW THE OBAMAS STOLE THE SHOW AT DNC'S DAY 2

Trump backs off his demand to control the Fed's rate policy
Former President Donald Trump scaled back his earlier claims about wanting direct control over the Federal Reserve's interest rate decisions, saying he believes the president should be able to voice opinions on interest rates. During his presidency, Trump frequently pressured the Fed to lower interest rates, which broke traditional norms that protect the central bank's independence.
TRUMP'S LATEST CLAIMS ABOUT THE FED'S RATE POLICY

European Commission plans up to 36% tariff on Chinese EVs
The European Commission said Tuesday it plans to slap five-year import duties of up to 36% on Chinese electric cars, unless Beijing can offer an alternative solution to the ongoing trade row over state subsidies. The EU last month slapped Chinese EVs with hefty provisional tariffs (on top of current duties of 10%) after an anti-subsidy probe found they were undermining European rivals.
SEE WHY TESLAS MADE IN CHINA FACE ONLY A 9% TARIFF

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Israel accepts US truce deal; Hamas next?

Top US diplomat Antony Blinken was in Egypt on Tuesday for talks on a Gaza ceasefire after saying Israel had accepted a US proposal for a deal and urging Hamas to do the same. Blinken began talks with Egyptian President Abdel Fattah al-Sisi on Tuesday before heading to Doha, the scene of ceasefire talks last week, for a meeting with Qatar's emir, Sheikh Tamim bin Hamad Al-Thani. Egypt and Qatar are working alongside the US to broker a truce in the 10-month Israel-Hamas war.

WHY MEDIATORS ARE ENCOURAGED ABOUT CEASEFIRE TALKS

Boeing halts 777X testing after part failure

Boeing has suspended flight testing of its new 777X wide-body jet after identifying the failure of a part connecting the engine to the body of the aircraft. Boeing has been beset in recent years with concerns about safety and quality control, with a near-catastrophic incident on an Alaska Airlines Boeing 737 MAX in January bringing renewed pressure on the company. Boeing's 777X wide-body program, unveiled in November 2013, is the latest addition to its popular 777 family.

WHAT THE LATEST ISSUE MEANS FOR BELEAGUERED BOEING

Google faces lawsuit in Chrome 'Sync' case

A federal appeals court on Tuesday breathed new life into a lawsuit by Chrome users who say Google gathered data even though they did not "Sync" to their accounts. A panel of judges in California ruled that a lower court was wrong to toss the case on the grounds that Chrome users had agreed to Google's privacy policy, and that the lawsuit should head for trial. Google launched Sync in 2009 with the aim of letting Chrome users access bookmarks, passwords, tabs and more.

WHAT THE RULING MEANS FOR GOOGLE'S CHROME LIABILITY

Extra point

When, where and how did the company name "Google" originate?

Tuesday's answer: Franklin Pierce was the last elected US president to be denied his party's nomination for a second term. He was elected as a Democrat in 1852 but lost the 1856 nomination to James Buchanan.

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