Clinton targets Trump turf, China woos Hollywood and why billionaires have more sons
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Hillary Clinton’s campaign is planning its most ambitious push yet into traditionally right-leaning states, a new offensive aimed at extending her growing advantage over Donald Trump while bolstering down-ballot candidates in what party leaders increasingly suggest could be a sweeping victory for Democrats at every level.
Signalling extraordinary confidence and a new determination to deliver a punishing message to Mr Trump and Republicans about his racially tinged campaign, her aides said she would aggressively compete in Arizona, a state with a growing Hispanic population that has been ground zero for the country’s heated debate over immigration.
The Democratic candidate meanwhile, faced accusations from Mr Trump of a cover-up “worse than Watergate” over her use of a private email server. This followed revelations that US officials had sought to change the classification of at least one email. Clinton’s campaign manager Robby Mook downplayed the accusation. “It’s very well known that there were disputes between the State Department and other agencies about classification. It’s not unusual,” Mook said. (NYT, FT, Politico)
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In the news
China woos Hollywood China’s richest man urged US filmmakers to work more closely with the Asian country as he unveiled a subsidy meant to lure productions to his multibillion-dollar studio in the eastern Chinese city of Qingdao. Wang Jianlin, chairman of Dalian Wanda, a real estate company turned global entertainment powerhouse, announced a 40 per cent rebate of certain costs of filming at the studio, to be paid from a five-year, $750m fund financed by Wanda and the local government. “This is an opportunity for Hollywood, not a competition for Hollywood,” said Mr Wang. (Reuters, NYT)
Saudi Arabia turns to debt markets The kingdom is launching its first ever international bond sale on Wednesday to help ease a fiscal squeeze from the two-year slump in oil prices. Riyadh is thought to be targeting a sale between $10bn and $15bn, making it the largest issue of international debt in the Middle East and a potential rival to Argentina’s record breaking $16.5bn emerging market bond sale earlier this year. (FT)
Assange, WikiLeaks and RT Russia has accused the UK of “a crude violation of freedom of speech” over a move to shut the British bank accounts of the UK arm of Russia’s state-owned international broadcaster. News of the freeze came after Washington and London indicated they were looking at possible new sanctions against Moscow over its actions in Syria. Within hours of the RT news, WikiLeaks claimed that its founder Julian Assange — a frequent RT contributor now living in Ecuador’s embassy in London — had had his internet connection severed by a “state party”. (FT)
Trump TV Donald Trump’s son-in-law Jared Kushner, one of his top advisers, has informally approached a top media industry banker about the prospect of setting up a Trump television network after the presidential election in November. Trump TV may be the logical next step for the former reality TV star, particularly with polls showing a widening lead for Hillary Clinton. (FT)
Low wage economy Britain’s self-employed workers are earning less than they did 20 years ago, according to data that expose the low incomes of many people in this growing part of the workforce. The figures will feed the debate over whether rising self-employment in the UK is to be celebrated or feared. (FT)
Netflix and thrill Shares were up nearly 20 per cent in after-hours trade on Monday as the video streaming group raced past forecasts for subscriber growth. Its total subscriber base is now nearly 87m. (FT)
Indonesia’s Tiphone offers hope for battered BlackBerry BlackBerry has lost its sheen in the global smartphone market, but the Canadian company still has cachet in Indonesia. It hopes to capitalise on this, and court the country’s growing middle class, through a tie-up with a local handset manufacturer. (NAR)
Knockin’ on Dylan’s door Days after it awarded Bob Dylan the Nobel Prize in Literature, the Swedish Academy has given up trying to contact the songwriter: he isn’t returning their calls. (The Guardian)
It’s a big day for
Heathrow expansion Theresa May is to discuss proposals for the expansion of Heathrow airport at a cabinet meeting. The prime minister is minded to approve the plans in an effort to demonstrate to the world that the UK is open for business despite Brexit, according to Whitehall officials. (FT)
US-Italy relations President Barack Obama hosts Matteo Renzi for a state dinner — potentially the last of his presidency — that may serve as encouragement for the Italian prime minister, who is fighting for his political life. (FT)
Food for thought
Mosul and Obama’s legacy The bid to recapture Iraq’s second-largest city is not just the biggest test yet of the reformulated Iraqi military forces, it is also a critical moment for Barack Obama who once dismissed Isis as a “JV” team, the term for a university’s reserve sports squad, before it seized Mosul in 2014. (FT)
A distracted America in a dangerous world The next three months will be a perilous time from Mosul to the South China Sea. A temporarily distracted America might not matter much in normal times — but big and dangerous decisions are looming, writes Gideon Rachman. (FT)
Changing the jihadi narrative online Criticised for not doing enough to take down extremist material, tech groups are beginning to take the initiative. (FT)
The dying business of picking stocks Passive investing has become investors’ default, driving billions into funds that track indexes. It’s transforming Wall Street, corporate boardrooms and the life of the neighbourhood broker. (WSJ)
Apology owed, not given In 1989, when five black and Latino teenagers from Harlem were accused of assaulting and raping a white woman in Central Park, Donald Trump spent $85,000 placing full-page ads in the four daily papers in New York City, calling for the return of the death penalty. Incredibly, 14 years after their sentences were annulled based on DNA evidence and the detailed and accurate confession of a serial rapist named Matias Reyes, Mr Trump has doubled down. (NYT)
Why billionaires have more sons The odds of having a boy or having a girl have never been exactly 50:50 — and research shows a wide array of often bizarre factors can influence events. Think bad weather, or even a taste for breakfast cereal. (BBC)
Video of the day
Ready for Hillary John Authers analyses sharp falls for managed healthcare stocks, and a rally for the Mexican peso, in the weeks since the first presidential debate. (FT)
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