Frontrunning: August 7

  • Russia bans all U.S. food, EU fruit and vegetables in sanctions response (Reuters)
  • Snowden receives three-year Russian residence permit (Reuters)
  • Headline of the day: Europe's Recovery Menaced by Putin as Ukraine Crisis Bites (BBG)
  • Americans worry that illegal migrants threaten way of life, economy (Reuters)
  • Almost 90% of Uninsured Won't Pay Penalty Under the Affordable Care Act in 2016 (WSJ)
  • Germany’s Bond Advance Sends 2-Year Note Yield Below Zero (BBG)
  • Gaza War’s Critics in Crosshairs as Israelis Back Offensive (BBG)
  • The 1% May Be Richer Than You Think, Research Shows (BBG)
  • Bank of America Near $16 Billion to $17 Billion Settlement (WSJ)
  • Deep Water Fracking Next Frontier for Offshore Drilling (BBG)
  • Americans Give Up Passports as Asset-Disclosure Rules Start (BBG)
  • Google to Boost Encrypted Websites in Rankings (WSJ)
  • The San Francisco 49ers' New Football Stadium Is a Dud (BBG)
  • Drone crashes into famed hot spring at Yellowstone National Park (Reuters)


Overnight Media Digest


* Bank of America Corp and the Justice Department are close to a deal in which the bank will pay between $16 billion and $17 billion to resolve allegations of mortgage-related misconduct in the run-up to the financial crisis. (

* The dust appeared to be settling on 21st Century Fox's brief pursuit of Time Warner Inc, as both entertainment conglomerates pointed to strong quarterly earnings and declared themselves well-positioned on their own. (

* President Barack Obama is focused on putting in place a global security structure that will last decades, but his handling of crises in the Mideast and Ukraine has driven support for his foreign policy to new lows. (

* Almost 90 percent of the United States' 30 million uninsured won't pay a penalty under the Affordable Care Act in 2016 because of a growing batch of exemptions to the health-coverage requirement. (

* Google Inc wants to reward websites that are more secure. The world's most popular search engine said it is now giving bonus points in its ranking algorithm to Web pages that are encrypted. Google hopes the move will prod website developers to adopt technology that protects against hackers breaking into their websites and stealing users' information. (

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