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ITK Daily is geopolitical business intelligence.
Happy Tuesday.
Here’s today’s ITK Daily.
To be ITK, know this:
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ITK WAS | School + Salon Dinner
Thursday, October 12, 2023
School: 1:30 - 5:00 pm
Salon Dinner: 6:30 - 9:30 pm
Participants can choose to attend the school only, the salon dinner only, or both the school and salon dinner.
Format details here:
ITK WAS | School is three 45-minute lectures covering:
+ A Battle for Ideas - How we got here
+ Communications - How to talk about it
+ Destination Future - Where we are going
ITK WAS | Salon Dinner is a three-hour gathering with an opening mixer and a family-style meal. The dinner discussion will be moderated and based on the questions and topics curated by the participants.
Book your spot, click here.
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Today: Biden delivers remarks at the UN General Assembly.
AFP: Zelensky takes center-stage at UN summit
Wednesday: Biden holds bilateral meetings with Israeli PM Benjamin Netanyahu and Brazilian President Luiz Inacio Lula da Silva.
The US is racing to source chips from Vietnam — but engineers are scant: A deficit of 15,000 engineers is predicted in the next five years. Just 89 students are enrolled in the country’s only comprehensive chip engineering degree. ROW
Today: The House Armed Services Committee will have a hearing on defense cooperation with Taiwan.
US Army, Japan, Australia expand logistics cooperation: Nikkei reports the first drill between the Army, Japan's GSDF focuses on keeping islets supplied.
What does the West really know about Xi’s China? Why outsiders struggle to understand Beijing’s decision-making. Odd Arne Westad
US aids Pakistan IMF bailout with secret Ukraine arms deal The Intercept
China sends top envoy Wang Yi to Russia for security talks: BBC reports a close ally of Moscow, Beijing is accused of supporting Russia indirectly during the war, which it denies. His visit comes after Vladimir Putin met North Korea's Kim Jong Un amid US fears they could strike an arms deal.
China's Wang Yi meets with Russia's Lavrov, eyeing Putin visit: Nikkei reports Asian power's foreign minister is in Moscow to pave the way for a summit with Xi Jinping.
Thursday: US Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell have already announced Zelensky will attend an “all senators” meeting.
‘He was born for this moment’: Sean Penn on his film with Zelenskiy David Smith
+ The Ukraine-Russia war will extend for years if Kyiv’s goal is the complete pushout of Moscow’s invading troops, Gen. Milley said in a CNN interview that aired Sunday.
US-Iran prisoner swap could pave the way for talks on bigger issues: WSJ reports the agreement does not address issues beyond the prisoner exchange and release of funds, but the talks could open the door for negotiations on Iran’s nuclear program.
Today: The OECD’s Interim Economic Outlook drops.
Underground Empire — How America uses its data networks to control the global economy: A gripping account by Henry Farrell and Abraham Newman of the exploitation of digital systems by US agencies offers a captivating thesis — but also leaves questions unanswered. FT
I will renegotiate Brexit deal, UK Labour’s Keir Starmer says: Politico reports the Labour leader says he will seek a ‘much better deal’ with the EU at 2025 review.
Keir Starmer pledges to seek major rewrite of Brexit deal: FT reports the Labour leader tells FT his government would put a closer trading relationship with Brussels at the heart of growth policy.
FT: Starmer heads to Paris for Macron talks to set out post-Brexit stall
The booing of the national anthem shows the vulnerability of King Charles’s reign: He lacks the late Queen’s aura of inevitability, nobility, and self-abnegation – and so the jeering at sports events is only getting louder. Zoe Williams
WP: Trudeau says ‘credible allegations’ tie India to killing of Sikh leader on Canadian soil
Trudeau says ‘credible’ allegations link India to killing of Canadian Sikh leader: WSJ reports the Canadian prime minister raised the issue with his Indian counterpart, Narendra Modi, ahead of the G20 summit.
Pierre Poilievre is the man who could beat Trudeau: Canada’s brashest Conservative is surging in the polls. His biggest problem: An election could be two years away. Politico
Politico: F-35 fighter jet still missing a day after pilot ejects, military says
+ “How in the hell do you lose an F-35?” Rep. Nancy Mace asked.
F-35 jet mystery ends as wreckage is found: NYT reports debris was found north of Charleston, SC, one day after a pilot on a training mission ejected and the military lost track of his jet.
USG: The federal government will shut down in 13 days unless Congress greenlights more funding
Trump to woo striking union members in Detroit, skipping 2nd GOP debate: NYT reports looking past the Republican primary, former President Trump and his campaign are already gearing up for a possible rematch with President Biden.
The unchanging malleability of Donald Trump Philip Bump
California Dems consider unique approach to getting Trump off ballot: Politico reports nine California lawmakers wrote a letter to Attorney General Rob Bonta over the weekend, arguing that Trump isn’t eligible to be on the ballot for inciting an insurrection when a mob of his supporters attacked the US Capitol on January 6, 2021.
+ Only 34% of registered US voters think President Biden would complete a second term if re-elected, 44% believe he’d leave before it ended, and 22% are unsure, according to a new CBS News/YouGov poll.
Fed isn’t getting the economy it expected: WSJ reports the Federal Reserve policymakers’ projections for inflation this year look as if they could be too high, while their GDP projections look too low.
Wednesday: Fed meets on interest rates.
California governor to sign landmark climate disclosure bill: NYT reports the first-in-the-nation law will compel major companies to publicly disclose their carbon dioxide emissions and could have national repercussions.
Reuters: Newmont clears further regulatory hurdle for $16.9 bln Newcrest deal
Germany is likely to generate more than 50% of its power from renewable energy this year but needs to ramp up the speed of its transition towards the end of the decade, Economy Minister Robert Habeck said on Monday.
+ Saudi Arabia and Turkey are the latest countries to call on Elon Musk to choose their nations for a Tesla factory.
Reuters: Greenpeace blocks arrival of new LNG unit at French port
Insiders reveal major problems at lab-grown-meat startup upside foods: Billion-dollar cultivated-meat startup Upside Foods wants you to think the breakthrough chicken fillets it sells are made in a futuristic factory. A Wired investigation tells a different story. Wired
Toyota gigacasting prototype cuts production from hours to minutes: Nikkei reports die-casting tech aims to streamline assembly in preparation for EV shift.
Insight: Using data: A lesson from the IBM 305 RAMAC Marc Ross @ Caracal
Social media drops the ‘digital town square’ routine John Herrman
Instacart is planning to sell shares in IPO for $30 or more: Bloomberg reports the company was offering to sell 22 million shares for $28 to $30 each, a range it elevated on Friday.
Wednesday: The Senate Banking Committee will hold a hearing on AI in financial services.
Bloomberg: Microsoft AI researchers accidentally exposed big cache of data
A key question in Google’s trial: How formidable is its data advantage? The government states that data is “oxygen for a search engine” and that Google’s anticompetitive behavior has given it a data fortress. Google says innovation explains its success. NYT
The Google trial is going to rewrite our future Tim Wu
Disney expects subscribers to Disney+ to fall tens of millions of customers short of its last public forecast.
Streaming is changing the sound of music: To succeed on Spotify and other services, songs are getting shorter, albums are getting longer, and artists are collaborating across genres. WSJ
‘There is no work to balance’: How shrinking budgets, COVID, and AI shook up life in consulting: Industry professionals reflect on job cuts, new routines and fresh insecurities in FT reader survey. FT
American entrepreneurship is on the rise: In a post-pandemic shift, more people are starting and running their own businesses, a new study finds. But more businesses are closing, too. Abha Bhattarai
Wednesday: The House Small Business Committee will hold a hearing on NIL in college athletics.
Major League Baseball playoffs will be streamed on Max in the US.
AFP: Mahomes to earn $210 million under restructured deal: reports
Enjoy the ride + plan accordingly.
-Marc
Marc A. Ross | Chief Communications Strategist @ Caracal
Caracal produces ITK Daily.
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