Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!
— Donald J. Trump (@realDonaldTrump) August 16, 2017
And Amazon stock fell 0.5% almost immediately, wiping around $US5.7 billion off the company’s value. But life is still good for the giant retailer – it recently struck a deal on $US16 billion in debt financing that’s better than what the governments of Russia, Mexico, Greece, Chile and China could’ve gotten.
3. Sydney is bottling it. The Harbour City just tumbled out of the global top 10 in the Economist Intelligence Unit’s Global Liveability Report, falling from 7 to 11. Adelaide and Perth made the top 10, and the best city in the world to live right now is:
Sydney’s Lord Mayor, Clover Moore, blamed it on her city’s rubbish transport system.
4. The US Fed minutes showed it was concerned about “stubbornly low inflation”. US president Trump disbanded two business councils. And the US dollar responded by dropping sharply – here comes the Aussie. It’s back into the low US79 cent range, with the July jobs report due to drop at 11.30am AEST. Here’s David Scutt’s 10-second guide to that. And the ASX200 is aiming for four straight days of gains, with the first close above 5,800 since June 29 in play.
5. George W. and George H.W. Bush — the only two living former Republican presidents – came together to release a statement saying America “must always reject racial bigotry, anti-Semitism, and hatred in all forms”. They were talking about people like Charlottesville protest leader Christopher Cantwell, who told Vice News Tonight that a woman’s death at the rally was “justified” and hopes for a leader who is “a lot more racist than Donald Trump” and who “does not give his daughter to a Jew”.
6. And, just in case you thought your side of politics doesn’t go in for that sort of thing, UK Labour MP Sarah Champion resigned today after The Sun printed an article she penned that opened with the line: “Britain has a problem with British Pakistani men raping and exploiting white girls.” Champion is – was – Jeremy Corbyn’s equalities minister.
7. In Shiny Things today, the first high-end Nokia phone in years has been announced, Android creator Andy Rubin started shipping his Essential phone, and some blurry shots of what might be an Apple television set has surfaced. Then there’s this hotness:
Mums and dads rarely get sexier than when they’re behind the wheel of Aston Martin’s new Vanquish Zagato Shooting Brake two-door wagon.
8. A lawyer who represented a famous Putin critic who spent more than a decade in prison reckons American fear of Russia is overblown and plays right into Putin’s hands. Just like any fear of Russia’s new Su-57 “stealth” fighter. Alex Lockie says now it has a name, a final design, and a tentative date for its delivery, it already looks like a huge disappointment.
9. The inevitable evolution of drones has happened. A US defence contractor has developed a consumer-sized drone “capable of being fitted with a sniper rifle, grenade launcher, a machine gun, or a variety of other weapons“.
10. Conor McGregor scored an early hit in his upcoming fight with Floyd Mayweather. The Nevada Athletic Commission will allow 8 oz. gloves to be used instead of 10. McGregor, who uses a 4 oz. glove in UFC, has said he could knock Mayweather out in the first round with lighter gloves, and his trainer John Kavanagh agrees:
“Obviously Floyd is an incredibly accomplished boxer, fantastic defensive boxer, but … how many times have we seen it? (Conor) lands (a punch), people fall.”
BONUS ITEM: This tiny chameleon cuteness, it burns:
Have a great day.
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