Americas Fridays

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The United States Is Still Trying to Sell North Korea on Denuclearization Days before Donald Trump’s second summit with Kim Jong Un, an administration official admits Kim may not be prepared to part with his nuclear weapons. -The Atlantic

PODCAST OF THE WEEK Episode 212: The Lessons of Tragedy Today, at a time of geopolitical crackup and fears of a fading “liberal international order,” what lessons can we learn from that past? -American Interest

 Is This the End of the Anglosphere? After decades of intellectual dominance, Britain and the U.S. are losing influence. The rest of the world shouldn’t celebrate just yet. -Bloomberg


The Supreme Court curtails states’ power to seize property The unanimous decision is being cheered by advocates on the left and right -The Economist

Google and Facebook have become “antithetical to democracy,” Silicon Valley has compromised our autonomy -Recode

“They can take hold of our behavior and shift it and modify it in ways that we don’t know.”

Keeping Huawei Hardware Out of the U.S. Is Not Enough to Secure 5G The Trump administration’s effort to protect the security of fifth-generation, or 5G, wireless networks by limiting the deployment of Chinese technology both domestically and globally melds trade policy with cybersecurity policy. On both counts, it should not be considered sufficient. -Lawfare

Fed permanently bars former JPMorgan banker over China hiring scandal The U.S. Federal Reserve said on Thursday it was barring former JPMorgan Chase & Co Managing Director Timothy Fletcher from the industry for life over his role in a China hiring program for which the bank was fined $264 million in 2016. -Reuters

For Wall Street Banks in London, It’s Moving Time One thing is clear about the legacy of Brexit: Financial services will be spread across Europe, with no one city again dominating the financial arena as London has. -NYT

Freight Startup Flexport Hits $3.2 Billion Valuation After $1 Billion Investment Led By SoftBank -Forbes

 "We are an ancient industry; global trade is as ancient as mankind. All great industries are based on trade – and civilizations fall apart when they turn to plunder …”

Canadian shelves ‘would run dry’ if U.S. imports drugs The president is joining liberals like Bernie Sanders in pushing to legalize pharmaceutical imports from Canada. -Politico


Bond Volatility Is Eerily Quiet. But Is It Too Quiet? The Treasury market’s MOVE index is near a record low with the Fed on pause. There’s angst that the calm can’t last. -Bloomberg

Oil prices dip as U.S. crude output hits record 12 million barrels per day Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. -Reuters

FERC Reaches Breakthrough on LNG Certifications The Federal Energy Regulatory Commission (FERC) has reached an agreement that may provide a path forward for consideration of liquefied natural gas (LNG) export terminals that are pending before the Commission.

Low Taxes Are the Best Sweetheart Deal Grow up, Mr. Mayor. Localities will always vie to woo companies. The real problem is that New York is pursuing a losing strategy. Winning requires low taxes and deregulation that benefit every company — whether it’s big or small, new to the state or homegrown. -The American Specter 

Trump's War on California It's undoubtedly a blue-state bastion. But far from being a socialist hellhole, the Golden State is thriving after years of malaise. -Politico

The Top Four Reasons California Is Unsustainable -Forbes

Jair Bolsonaro tackles Brazil’s pensions problem Politicians and the people are ready for change, in theory -The Economist

How Venezuela turns its useless bank notes into gold -Reuters