Frontrunning: December 7

• Obama in speech to nation vows to defeat 'new phase' of terrorist threat (Reuters)
• Clinton Urges Social-Media Intelligence Sharing in Terror Fight (WSJ)
• Obama urges tech, law enforcement to address social media used for plots (Reuters)
• NATO says won't send ground troops to fight IS (Reuters)
• Le Pen Scores Historic Victory in France's Regional Elections (BBG)
• Germany: 965,000 Migrants Came Through November (ABC)
• Venezuela Opposition Won Majority of National Assembly Seats (BBG)
• The Kurds Trying to Beat Islamic State Have Lots of Other Problems (BBG)
• Dollar Climbs as Oil Drop Hurts Producers; European Stocks Rally (BBG)
• Turkey says has duty to protect soldiers in Iraq after Baghdad ultimatum (Reuters)
• Should You Fear the ETF? (WSJ)
• Beijing Issues Air Pollution Red Alert for the First Time (BBG)
• Draghi Still `Super Mario' to Dollar-Thirsty Emerging Markets (BBG)
• Turkish economy risks losing '$9 billion' over Russian jet row (AFP)
• Oil falls towards 2015 low on OPEC inaction, strong dollar (Reuters)
• Iron Ore Plummets Below $40 a Ton as Global Glut Hurts Outlook (BBG)
• The Brazilian Billionaire Living in a Rat-Infested Jail (BBG)
• Electrolux's U.S. plans in tatters as GE deal falls through (Reuters)
• Go Easy on Sushi and Sake This Season, Brokerage Tells Staff (BBG)
• Justice Department to investigate Chicago police (Reuters)

Overnight Media Digest

WSJ

- Retailers, manufacturers and farmers world wide are protesting a new marine shipping safety rule they say will raise transport costs and cause delays at ports worldwide. The rule, which kicks in next July in 171 countries, requires exporters to certify the weight of containers before they are loaded onto ships. (http://on.wsj.com/1XO7JS1)

- Facebook Inc removed a profile page on Thursday, used by one of the two people suspected of killing 14 people the previous day in San Bernardino, California. A spokesman said the page violated Facebook's community standards that, among other things, bar posts, photos or videos that support terrorism or glorify violence. (http://on.wsj.com/1XO7Pcm)

- Volkswagen AG said Sunday that its Chief Executive, chairman and top shareholders are in Qatar for talks with one of the company's core investors, the Qatar Investment Authority, amid reports that the Qataris are calling for sweeping changes in the German car maker's management. (http://on.wsj.com/1XO7Sox)

- The standoff between major global energy producers that has created an oil glut is set to continue next year in full force, as much because of the U.S. as of OPEC. (http://on.wsj.com/1XO7Wor)

FT

Swiss-based Glencore is set to inform investors on Thursday, in a call, that it expects to complete its $10.2 billion debt reduction program, ahead of its schedule, that is before the end of 2016.

According to data provider, eVestment, sovereign wealth funds in the Gulf have been withdrawing money out of asset managers at the fastest rate on record. About $19 billion was pulled out in the third quarter.

British insurers Aviva Plc and Prudential Plc were among 19 firms to have their capital calculation models approved by the Bank of England on Saturday, enabling them to lower costs under new rules.

NYT

- With Volkswagen's emissions-cheating scandal nearing an important milestone - the chief executive of the German automaker is expected to deliver his first public update on VW's internal investigations this week. Some critics doubt Germany's willingness to be tough on the automaker. (http://nyti.ms/1R4lpE8)

- The Irish band U2 returned to Paris on Sunday night to play the first of two shows that had been postponed in the wake of the Nov. 13 terrorist attacks that left 130 people dead, including 89 at the Bataclan, a music hall where the American band Eagles of Death Metal were playing when it was stormed by gunmen. (http://nyti.ms/1R4lCHH)

- Government opponents surged to a rare victory in Venezuela on Sunday in key congressional elections framed by the country's deep economic crisis, claiming a legislative majority for the first time in years and handing a significant setback to the heirs of former president Hugo Chavez and his socialist inspired movement. (http://nyti.ms/1R4lSq7)

- The Justice Department plans to begin a far-ranging investigation into the patterns and practices of the Chicago Police Department, part of the continuing fallout over a video released last month showing the police shooting of Laquan McDonald, a person familiar with the case said Sunday. (http://nyti.ms/1R4mr37)

Canada

** Sobeys Inc is moving to drop some controversial supplier pricing practices as the grocer works to streamline its operations and provide better deals for shoppers. Marc Poulin, chief executive officer of Sobeys said the company wants to become more "transparent" and improve pricing. (http://bit.ly/1Iziv7P)

** The Trudeau government will acknowledge this week that its tax hike on the richest Canadians won't cover the entire cost of its promised tax cut for the middle class, adding to the fiscal pressures on coming federal budgets, sources said. (http://bit.ly/1lnjNsz)

** Canada has endorsed a call from small island nations to hold global warming to no more than 1.5 degrees Celsius above pre-industrial levels, putting Ottawa out of step with the United States. Environment Minister Catherine McKenna's backing of the aggressive global-warming goal marked a sharp departure from the position of the Harper government.(http://bit.ly/1TS5Yxr)

NATIONAL POST

** Small group of Canadian academic scientists have received hundreds of thousands in funding from soft-drink makers, packaged-food trade associations and the sugar industry, turning out studies and opinion articles that often coincide with those businesses' interests. (http://bit.ly/1Ndlm35)

China

SECURITIES TIMES

- A confidence index for China's securities markets rose 4.5 percent from October to 57.8 in November, according to a recent survey by China Securities Investor Protection Fund Corporation.

NATIONAL BUSINESS DAILY

- Beijing will impose traffic jam fees from 2016 to ease congested areas and protect the environment, Zhou Zhengyu, director of Beijing's Traffic Committee, said. It was unclear how the fines would be implemented.

CHINA DAILY

- China will strengthen its crackdown on graft next year against government departments and state-owned firms, according to Luo Liping, a senior official with the country's Central Commission for Disciplinary Inspection (CCDI).

SHANGHAI DAILY

- Authorities in the Chinese capital city of Beijing have told schools and kindergartens to suspend all outdoor activities this week due to hazardous levels of pollution. The capital is currently under an orange smog alert, the second highest level.

Britain

The Times

Royal Bank of Scotland Group Plc faces trouble next year because of its huge exposure to commercial property, an area that some experts believe to be a dangerous bubble. (http://thetim.es/1YSJJdL)

As David Cameron prepares to make his case for renegotiation in Brussels next week, many of his points have already hit home with Britain's industrial partners. Risto Alanko, of the Finnish federation FFTI, sums up the acknowledgment of many that UK business would be the loser in a Brexit. (http://thetim.es/1NzTTME)

The Guardian

Since the Volkswagen AG emissions test scandal in September, it is not just the German carmaker that has suffered a blow to its image. Diesel automotive technology also faces a battle to regain public trust. There are already some signs of demand for diesel cars shrinking since VW was forced to apologise for installing "cheat devices" in 11 million vehicles. (http://bit.ly/1lkeoT0)

More than half of the 24 billion stg expected to be spent on the first British nuclear reactors for two decades could go abroad to foreign suppliers, a leading UK academic and government adviser, Keith Burnett, has warned. (http://bit.ly/1NPHdmS)

The Telegraph

The "uneasy calm" in financial markets could rapidly reverse as the U.S.. Federal Reserve's first tightening cycle in a decade exposes fragilities in the new world order, according to the Bank for International Settlements (BIS).(http://bit.ly/1NcBVvX)

The Greek parliament approved a "tough" 2016 budget on Sunday morning, which will include large spending cuts and tax increases. Despite this, it assumes the 2016 recession to be less severe than forecast. (http://bit.ly/1QoToWu)

Sky News

Charging 5p for plastic bags has cut their use at one of England's largest supermarket chains by 78 percent. Tesco Plc said the dramatic drop in the use of single-use bags is 10 percent more than it had expected when the Government introduced the levy in October. (http://bit.ly/1QpzSZY)

UK's Avanti Communications will say that it has agreed a contract with BT Group Plc to be part of its involvement in the Government's universal service commitment. (http://bit.ly/1lH5ui3)

The Independent

Hospitals, police forces and government departments will be forced to take on 200,000 new apprentices in a bid to increase the number of trainees in the public sector, David Cameron will announce tomorrow. (http://ind.pn/1PNI5Zr)

Comments

[AssFire]

This being December 7th let me say:

"We have nothing to fear but our government itself"

[yogibear]

"Clinton Urges Social-Media Intelligence Sharing in Terror Fight"

Isn't Zuckerberg already doing that with Facebook?

Wall Street marketers have access if they pay Zuckerberg for access. 

To test it, make it as private as you can and start talking about building a suicide bomb and locations. See how fast there is a car parked not too far from your house and/or the feds come knocking on your door.