Editor’s Note: The Nightshift will be published in abbreviated form for the next couple of weeks due to outside scheduling commitments. Weekend editions will be full-pack, but weekday commentary will be very streamlined.
Press Clippings:
Good Morning, It’s Thursday, 27 April 2017, and this is the Morning Edition of The Nightshift: the world’s overnight news feed.
The White House rolled out their long awaited tax plan on Wednesday. It was delivered on one page, in bullet point form. Lots of implications, little definition. The bottom line is that the number of personal tax brackets will be reduced from 7 to 3 and many deductions dropped (mortgage interest will remain); a new corporate tax rate is proposed at 15%. There will be a reduction in taxes collected but the thinking is that the tax changes will stimulate economic growth and the enlarged economic base will make up for the reduction in rates. Not so fast say some others with more experience in this area of economics; the thinking is that betting on something to happen (i.e. higher growth) does not have the same economic certainty as knowing something will happen. The proposal is off to Congress now for debate and refinement. It’s already under fire for benefiting the wealthy and possibly increasing the deficit if things don’t go as planned (no matter who’s in office, things never go as planned). Trump also postponed plans to withdraw from NAFTA and deferred the first round of action on “The Wall” until later in the year.
The U.S. is ramping up diplomatic efforts to encourage China to pull North Korea back from brinksmanship. Perhaps it will work. The alternative (unilateral action by the U.S.) is not an attractive option.
Athletic wear maker Under Armour watched its stock surge as it announced a smaller loss than anticipated yesterday, thus winning by losing. United Airlines is still dealing with the fallout from their passenger “re-accommodation” episode; now they’re proposing offering up to $10,000 to passengers willing to give up their seats on overbooked flights.
The Boston Celtics beat the Chicago Bulls last night to take a 3-2 lead in their playoff series; Chicago once lead the series and now it’s slipping away. ESPN created headlines instead of reporting them by firing 100 staffers, including on-air personalities, producers, writers, contributors, and online contributors. ESPN is being stressed by overpaying for sports rights (i.e. NBA) and cord cutting.
Film director Jonathan Demme has died; he won an Oscar for “Silence of the Lambs” but many will remember him best for his terrific concert film “Stop Making Sense” which featured the Talking Heads.
Now more than ever, catch up on the news in the rest of the world by reading the front pages of the World’s Greatest newspapers.
Don’t forget that both Politico.com and Bloomberg.com have been added to our go-to news resources.
The International Headlines are all at your fingertips. Have a great week.
The Times (London
Financial Times (UK)
The Irish Times (Dublin, Ireland)
The Wall Street Journal (European edition)
Washington Post (Washington, D.C.)
New York Times (New York)
The Los Angeles Times (Los Angeles)
Daily News Egypt (Cairo)
South China Morning Post (Hong Kong)
The Moscow Times (Moscow)
Le Figaro (Paris)
Bloomberg.com (New York)
The Jerusalem Post (Jerusalem)
The Japanese Times (Tokyo)
Sputnik (Moscow)
The Buenas Aires Herald (Buenas Aires)
The Sidney Morning Herald (Sidney)
Deadline Hollywood (Hollywood)
FiveThirtyEight (New York City)
Politico (Washington, DC)
The Fine Print: The Nightshift is a production of Perception Engineering and The Media Bunker. This post is number 1083 for this site. Thanks for reading. Now–catch up on the world. p