Federal forecasters say that Hurricane Milton strengthened into a Category 5 storm on Oct. 7 and is predicted to hit the Tampa, Florida, area by the evening of Oct. 9,...
October 08, 2024 | | |
WORDS OF WISDOM | "Men did not love Rome because she was great. She was great because they had loved her." | G K CHESTERTON | | Good morning! Today we're covering Hurricane Milton, questions about Iran's connection to the two assassination attempts against former President Donald Trump, and stock market worries triggered by rising yields of Treasury bonds.
Reading for the first time? Sign up here. | TOP NEWS | | Iran or Not Iran House Intelligence Committee Chairman Mike Turner (R-Ohio) urged the FBI to "come to a conclusion" on whether the two assassination attempts against former President Donald Trump this year were linked to Iran. Speaking to CBS News's "Face the Nation" on Oct. 6, Turner called on the FBI to release its findings from investigations into would-be assassins Thomas Matthew Crooks, who shot at Trump during a Pennsylvania rally in July, and Ryan Wesley Routh, who prosecutors say hid at Trump's Florida golf course with a rifle for 12 hours with the intention to kill Trump before a Secret Service agent found him.
In the first case, the FBI has not publicly disclosed a motive. Days after the July 13 attempt, FBI officials said that Crooks, who was killed by Secret Service snipers, had acted alone. The FBI has also not ascribed a particular motive in the second case, although court documents submitted by prosecutors in the case have noted that the suspect apparently wrote a self-published book that encouraged Iran to kill the 45th president. Read the full story here› | Stocks Down Wall Street's major stock indexes ended the trading session around 1 percent lower on Oct. 7, while the 10-year U.S. Treasury yield rose above 4 percent for the first time since August. The rise in yields and retreat in stocks could reflect investor concerns that the Federal Reserve might keep interest rates higher for longer following last week's stronger-than-expected jobs report, along with worries about rising tensions in the Middle East.
At closing bell, the Dow Jones Industrial Average fell 398.51 points, or 0.94 percent, to 41,954.24; the S&P 500 dropped 55.13 points, or 0.96 percent, to 5,695.94, and the Nasdaq Composite shed 213.94 points, or 1.18 percent, to 17,923.90. Stocks rallied in recent weeks on optimism that the Federal Reserve would continue on its interest rate-cutting trajectory after delivering an outsized 50 basis point reduction at its most recent policy meeting on Sept. 18. However, a stronger-than-expected jobs report last week has cast doubt about the pace and extent of this rate-cutting cycle. The CME FedWatch Tool indicates that investors now see an over 84 percent chance of a 25-basis-point cut at the Fed's November meeting, down from earlier bets on a larger reduction. Read the full story here› How do you like today's Morning Brief? Tell us what you think here. | | MORE TOP NEWS | | | | | | PREMIUM | | INSPIRING | | A WORD FROM OUR SPONSOR | | CULTURE | | 'Beyond Policing': A Case for a Police-Free World | With so many debates around public safety and policing in recent years, Philip V. McHarris's book, "Beyond Policing," offers a timely exploration of alternatives to the traditional system.
The book examines the history of law enforcement and its often strained relationship with marginalized communities. Instead of just recounting the past, McHarris highlights modern-day innovations that cities like Berkeley and Miami are currently testing, such as traffic safety workers and mental health crisis teams.
His thoughtful examination of alternative systems invites readers to imagine new ways to ensure public safety—ones rooted in empathy, community support, and transformative justice. By drawing on historical context and real-life examples, McHarris encourages a deep, meaningful reflection on how the future of policing could evolve.
Whether you're skeptical or eager for change, this article offers a nuanced discussion on a topic at the heart of one of today's most pressing social challenges. | | | EPOCH TV | | | OPINION | | | EPOCH FUN | | |
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