Apple Does Right By Its Users... And Advertisers Are Displeased

With the new Safari 11 update, Apple takes an important step to protect your privacy, specifically how your browsing habits are tracked and shared with parties other than the sites you visit. In response, Apple is getting criticized by the advertising industry for "destroying the Internet's economic model."

Republicans Scramble To Revise Obamacare Repeal Bill As Defeat Looms

Late on Sunday and overnight, GOP senate leadership was scrambling to revise the Obamacare repeal bill in order to win support from a small but critical group of holdout senators and secure the 50 votes needed to allow the tie-breaking vote in favor cast by Vice President Mike Pence.

Frontrunning: September 25

  • Merkel’s Bloc Regroups After ‘Nightmare Victory’ in Germany (BBG); Germany’s Election Results Reflect European Unease on Economy, Immigration (WSJ)
  • Chastened Merkel looks for coalition partners after vote (Reuters)
  • Iraqi Kurds Vote in Independence Referendum (WSJ)
  • GOP Revises Obamacare Repeal With Bill Headed to Likely Defeat (BBG)
  • Trump Tax Plan to Cut Taxes for Corporations and Wealthy (BBG)

Global Stocks Mixed After "Nightmare Victory" For Merkel; Chinese Property Developers Crash

European stocks rose as the euro tumbled following Germany’s election result which was dubbed a "Nightmare Victory" for Merkel and could lead to complicated coalition talks. U.S. equity-index futures point to a lower open, while Asian equities slide after a plunge in Chinese property developer names as well as tech stocks following more iPhone delivery concerns. S&P500 futures are steady. 

"Forget Germany, Spain Is The Real Problem"

"Divisions within Europe are mounting again. Any success by Catalonia sets a dangerous precedent for other want-away regions, not just in Spain. It emphasizes that many of the structural imbalances in the euro zone haven’t been fixed. Inequality is still growing."

People Ignore Facts That Contradict Their False Beliefs

"The more people there are who ignore facts that contradict their beliefs, the likelier a dictatorship will emerge within a given country...This is how aristocracies, throughout the Ages, have controlled the masses - by taking advantage of this widespread tendency people have to ignore contrary facts..."