TALK ON >> North Korea and US Leadership That short interval, which has since ended, was enough to inspire US Secretary of State Rex Tillerson to declare that North Korean leader Kim Jong-un was showing “restraint.” Perhaps, Tillerson concluded, Kim is ready to engage in dialogue. To some extent, he may be right. -Project Syndicate

Trump Says He Will Not Talk to North Korea. Experts Fear He Will. Some fear less that Mr. Trump is going to start a war with Mr. Kim than that he is going to stumble into a risky, unpredictable dialogue with him. -NYT

TALK OFF >> Russia's foreign minister warns Tillerson: New North Korea sanctions could be 'dangerous' The call followed a declaration earlier Wednesday from President Donald Trump that

“the U.S. has been talking to North Korea, and paying them extortion money, for 25 years. Talking is not the answer!” -Politico

High Risks and De Minimis Rewards Confront Investors Buying far out of the money puts or adding haven assets are smart ways to hedge these days. -Bloomberg


World in no rush to offer Trump help post-Harvey After Katrina, countries around the globe offered to help the U.S. After Harvey, only a few — Mexico and troubled Venezuela among them — have volunteered aid. -Politico

Tillerson moves toward accepting funding for fighting Russian propaganda The secretary of state came under pressure from Congress, which appropriated $80 million for countering messages from Islamist extremists — and Russia. -Politico

Russia-Linked Bots Hone Online Attack Plans for 2018 U.S. Vote -Bloomberg

U.S. retaliates against Russia, orders closure of consulate, annexes -Reuters

John McCain: It’s time Congress returns to regular order We are the country that led the free world to victory over fascism and dispatched communism to the ash heap of history. We are the superpower that organized not an empire, but an international order of free, independent nations that has liberated more people from poverty and tyranny than anyone thought possible in the age of colonies and autocracies. -The Washington Post


New Jersey Senator Menendez's graft trial could sway D.C. power balance -Reuters

Love of Coastal Living Is Draining U.S. Disaster Funds Yet this tiny sliver of land near the mouth of Mobile Bay is just as important as the battered metropolis to the debate over American disaster policy. That’s because the 14-mile-long island, home to only about 1,300 people, floods again and again, hurricane or no hurricane. And again and again, those homes are repaired and rebuilt, largely at the expense of U.S. taxpayers. -Reuters

The Militarization of the Hamptons Why is a heavily armed counterterrorism force patrolling the parties of the rich and famous? -Bloomberg


Mexico, Canada to stay in NAFTA even if U.S. leaves: minister -Reuters

“NAFTA will continue to regulate the relationship between Mexico and Canada,” Guajardo said at an event in Mexico City, noting that only Washington might consider leaving the accord.

A Scion of Mexico Fights Corruption, and Becomes a Target But the president needed more from the nation’s top business leaders, perhaps his most important allies. -NYT

Mexico president to visit China to boost trade amid NAFTA talks -Reuters




Samsung secures self-driving car permit in California -Reuters

Instagram Opens Up ‘Stories’ on Web to Fuel International Growth More than 80 percent of its users are outside the U.S., where the relative cost of internet and mobile data access is sometimes higher. Instagram’s focus on international growth could help it compete with Snap Inc., the owner of Snapchat, which focuses solely on more developed markets with more lucrative users. -Bloomberg

Tech executives urge Trump to protect Dreamers asserts that so-called DREAMers are critical to the future of American companies and that the nation’s economy stands to lose billions of dollars if their job security and residency status are revoked. -Politico

Yahoo must face litigation by data breach victims: U.S. judge -Reuters

OECD recommends Slim's entry to Mexico TV to spur competition -Reuters

Brazilian Judge Stymies Plan to Allow Mining in Amazon Region A federal judge in Brazil has temporarily halted a plan by President Michel Temer to allow mining in a large area of the Amazon forest -NYT


The Persistence of Global Imbalances -Project Syndicate

Oil falls after Harvey floods U.S. refineries -Reuters

More than 18 percent of U.S. Gulf output still shut in by Harvey –Reuters

About 18.5 percent of oil production in the Gulf of Mexico was shut in on Wednesday due to Tropical Storm Harvey.

Harvey’s Made the World’s Most Important Chemical a Rare Commodity -Bloomberg

Canada's Growth Surge Isn't Just a Win for Canada The strong quarter shows a global recovery (and vindicates the central bank's rate hike). -Bloomberg

Guatemala Political Crisis May Affect Growth: Central Bank Guatemalan economic growth may slow if a political crisis sparked by a dispute between President Jimmy Morales and the head of a U.N. anti-corruption body persists, the head of the central bank said on Thursday. -NYT