Happy Tuesday Morning.
Here’s today’s ITK Daily | Bulldog Edition.
To be ITK, know this:
"86ing"
TOP FIVE
1. Jail term to a third term: The story of Lula's historic comeback
2. What is MasterClass actually selling?
3. Israeli election too close to call
4. Taylor Swift claims entire top 10 chart
5. Philadelphia = Sudden paradise of sports
GLOBALIZATION + STATECRAFT
Jail term to a third term: The story of Lula's historic comeback: Books, love, and diehard support helped Lula survive jail and take back Brazil’s presidency. But he inherits a changed country, and the challenges still ahead are daunting. Bloomberg
Who is Lula da Silva, Brazil’s once and future president? From childhood poverty to leading his country and then a jail sentence for corruption — it’s been a long road for the man who just ousted Jair Bolsonaro. The Times
Brazil’s deep divisions and strained finances pose immense challenges for Lula: Narrow presidential victory a testament to enduring strength of ‘Bolsonarismo.’ Michael Stott
+ President-elect Lula da Silva: “We will not accept a new Cold War between the United States and China. We will have relations with everyone.”
After defeat, Bolsonaro is silent, and Brazil braces for turmoil: President Jair Bolsonaro has not yet recognized his election defeat after months of warning, without evidence, that opponents would rig the vote. NYT
+ Canadians say their personal finances haven't been this bad in more than a decade.
AP: Peace talks on Ethiopia’s Tigray conflict are extended
Macron faces a serious political struggle in France Ian Bremmer
Rishi Sunak’s first job? Clearing up the mess he helped make: A clever man with a penchant for bad ideas. Economist
Ukraine tells GOP it ‘can’t just be about guns’: Volodymyr Zelenskyy and his team believe the military aid will keep coming. It’s economic aid that has them worried. Politico
+ Just 41% of Britons said they would back sanctions on Russia if the cost-of-living crisis worsens, down from 73% in March.
AP: Russia recruiting US-trained Afghan commandos, vets say
The secret history of the Five Eyes by Richard Kerbaj review – Secrets and spies: A murky alliance between intelligence agencies, among them the UK and US, is revealed in a scandalous tale of mistrust and misjudgment, including British teenager Shamima Begum being smuggled into Syria by a Canadian spy. Steve Bloomfield
The US just can’t match China’s industrial heft: It doesn’t make sense to focus on disparate parts of the EV and battery value chain, yet that’s what the Biden administration is doing. Anjani Trivedi
Economic ties with China take a backseat to national security WP
Bloomberg: GOP leader pledges China investigation if Republicans win House
+ Select panel would target Chinese threats, COVID-19: McCarthy
+ Charges of intellectual property theft also would be examined
China’s economic game of dominoes: The performance of the country’s economy will influence how global regionalization comes to pass. Rana Foroohar
China’s GDP blackout isn’t fooling anyone: There is diminishing faith in the few economic indicators that, after years of obfuscation, still see the light of day. John Burn-Murdoch
26 stories of swine: World's largest pig farm opens in China: Le Monde reports for the past two years, mega pig farms have been on the rise, encouraged by the Chinese government, which aims to achieve food autonomy for the country.
China's global security initiative: Xi's wedge in the US-led order: Beijing's next big program ups pressure to take sides, rationalizes Ukraine war. Nikkei
A Chinese invasion of Taiwan is coming: The recent CCP congress and other signs show Xi is preparing for war. Jason Morgan
Ukraine war will make China think twice about invading Taiwan: Uncertainty about sanctions, resistance, and combat capability weigh on Beijing. James Stavridis
Chaguan: China and America are barely speaking, though crises loom: A comfortless calm reigns, but a storm is coming. Economist
US to deploy B-52 bombers to Australia as tensions with China mount: FT reports Washington and Canberra forge closer links to counter Beijing in the Indo-Pacific.
US, ROK begin ‘largest-ever’ air drills despite national mourning period: NK News reports drills against North Korean threats go ahead after Seoul said it was reviewing postponement over Itaewon tragedy.
South Koreans confront the trauma of the Halloween crowd crush: WP reports on soaring death tolls. Thousands of witnesses. Endless news and social media images of suffering. Large-scale mental health help is needed across the country.
DISRUPTION + INNOVATION
What is MasterClass actually selling? You can learn to serve like Serena Williams or write like Margaret Atwood. But what MasterClass really delivers is something altogether different. Carina Chocano
Sony-Honda EV venture eyes high end with multicar lineup: COO: Nikkei reports the company readies for 2025 launch of the first model in North America.
Ralph Lauren launches Fortnite fashion line with redesigned Polo logo: Bloomberg reports a limited-edition collection will be available for sale digitally in-game and physically in stores.
Law firm’s new work-life balance: turn off your camera for night-time calls: FT reports UK’s Slaughter and May offers new code in talent war with US rivals.
POLITICS + CAMPAIGNS
+ Supreme Court leaves intact ruling that lets US require masks on planes.
AP: Biden paints oil firms as war profiteers, talks windfall tax
+ Sen. Chris Murphy (D-CT) announced that he’s asking the Committee on Foreign Investment in the US “to conduct an investigation into the national security implications of Saudi Arabia’s purchase of Twitter.”
New Hampshire isn’t feeling the 2024 love: New Hampshire's political star shined bright ahead of the state's September primary, but in the waning weeks before Election Day, many big names are gravitating elsewhere. Politico
Political betting: Is it a 'gambling den' or 'better than polls'? A band of Washington insiders, business titans, and top economists is urging regulators to let Americans wager on elections, despite warnings from watchdogs. Politico
Britain’s Tory Party may be on the road to ruin: Broad political consensus is something the Conservatives appear to have lost. Recent trends for other center-right parties across Europe suggest they aren’t alone. Nico FitzRoy
Israeli election too close to call as Netanyahu bids for comeback: Final polls suggest deadlock, but if rightwing alliance keeps slowly gaining, scandal-plagued former PM may scrape in. Guardian
Five elections in four years: What’s the deal with Israeli politics? CNN
CULTURE
A trip to Bono's Dublin: CBS News' Norah O'Donnell goes on a tour of Dublin with U2 frontman Bono, who talks about his school days and the origins of his band; his decades-long fight for social justice; his new memoir, "Surrender: 40 Songs, One Story"; and the role faith plays in his music. CBS Sunday Morning
The sex lives of the one percent: In the new season of HBO’s The White Lotus, the rich have wandering eyes and intimate desires—and their wallets can satisfy only so much. Shirley Li
Sorry, James Corden. It takes a lot to get banned from a fancy restaurant. What is “86ing,” and how often does it happen? Upscale owners and maître d’s said that banning any customer, let alone a celebrity, is extremely rare. WSJ
Taylor Swift first artist to claim entire top 10 on hot songs chart: AFP reports Taylor Swift made music history Monday, becoming the first artist ever to simultaneously nab all ten of the top US song chart's spots after the release of her album "Midnights."
SPORT
FIFA Uncovered: From power struggles to global politics, an exploration of FIFA reveals the organization's checkered history — and what it takes to host a World Cup. (Trailer) Netflix
The Times: Wales to consider changing name to Cymru after World Cup
Paul Pogba will miss France's World Cup defense as he needs more time to recover from knee surgery, his agent announced on Monday.
In praise of Philadelphia, sudden paradise of sports: An undefeated Eagles team, the Phillies in the World Series, the MLS Union off to the championship—the City of Brotherly Love is chasing a haul of hardware. Jason Gay
Daniel Ricciardo, who lost his McLaren seat as his career fell into the doldrums this year, looks set to join Red Bull or Mercedes as a reserve driver next season when he takes a year out of racing.
Enjoy the ride + plan accordingly.
-Marc
Marc A. Ross | Founder + Team Principal @ Caracal
Caracal produces ITK Daily.
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