Frontrunning: August 20


  • Ferguson at Turning Point After Night of Relative Calm (BBG)
  • Gaza war rages on, Hamas says Israel tried to kill its military chief (Reuters)
  • Surge in Putin Patriotism Masks Pain of Sanctions (BBG)
  • Bank of England splits over rate hike for first time in 3 years (Reuters)
  • Putin Meeting Leaves Kiev With Tough Choices (WSJ)
  • European Gas Reverses Biggest Drop Since 2009 on Ukraine (BBG)
  • "Isolation"  Mongolia Seeks Economic Lifeline With Pivot to China, Russia (BBG)
  • Uber Picks David Plouffe to Wage Regulatory Fight (NYT)
  • China Levies Record Antitrust Fine on Japanese Firms (BBG)
  • Jackson Hole Rally at Risk as Investors Preempt Yellen (BBG)
  • Standard Chartered to pay $300 million for oversight shortfalls (Reuters)
  • HeidelbergCement Says House Boom Fails to Cure UK Market (BBG)
  • Sprouts Fights Whole Foods Putting Organic Kale on Sale (BBG)
  • Australia Review Chills $20 Billion Clean-Energy Industry (BBG)
  • Walgreen Shakeup Followed Bad Projection (CFO)
  • Rating agencies under fire for 'unjustified' Greek downgrades (Kathimerini)... except for the whole "default" thing of course
  • Secretive Army of Hamas Emerges From Shadows in Gaza (WSJ)

 

Overnight Media Digest

WSJ

* U.S. retailer Walgreen Co pressured its Chief Financial Officer Wade Miquelon and pharmacy chief Kermit Crawford to leave after a bungled forecast of pharmacy profits related to its Medicare prescription-drug business. (http://on.wsj.com/VEh0xC)

* Schools in Ferguson, Missouri, have canceled classes, business owners face broken windows and falling revenue, and police forces are strained after more than a weak of violent protests. (http://on.wsj.com/1kTuGAF)

* The U.S. military's recent success in weakening Islamic State extremists and pushing them away from a key dam in Iraq is creating momentum for a broader campaign that could take American air power to the militant group's heartland northwest of Baghdad. (http://on.wsj.com/1AwOGNh)

* The conflict in the Gaza Strip has brought the secretive guerrilla army of Hamas out of the shadows and into battle against Israel's military for only the second time. When the brigade's fighters are killed, Hamas street organizers eulogize them as heroes, posting images of them in fatigues and toting rockets. And families in the Gaza Strip are coming to terms with never-before-discussed identities of sons and neighbors. (http://on.wsj.com/1oYq8UK)


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