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2018年10月8日 星期一

Live coverage: Donnelly, Braun clash in Indiana debate

 
 
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Live coverage: Donnelly, Braun clash in Indiana debate
Sen. Joe Donnelly (D-Ind.) is set to square off in a Monday night debate against businessman and former state Rep. Mike Braun (R), in one of the country’s most competitive Senate races.
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On The Money: Wall Street hedges on Trump with donations to Dems | Deficit soars to $782 billion | American economists win Nobel Prize

 
 
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Happy Monday and welcome back to On The Money. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: slane@thehill.com, vneedham@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @VickofTheHill, @NJagoda and @NivElis.

 

THE BIG DEAL--Wall Street hedges Trump chaos with midterm bets on Dems: From the New York Times: "For the first time in a decade, the broader financial community is on pace to give more money to Democratic congressional candidates and incumbents than their Republican counterparts, according to data from the Center for Responsive Politics, a nonpartisan group that tracks campaign donations.

"Some of the same grass-roots energy coursing through the Democratic Party -- House candidates from Kentucky to Montana to New York are reporting record sums of small donations -- has spilled into the corporate boardrooms of American finance, even amid increasingly hostile rhetoric from Democrats in Washington and on the campaign trail toward Wall Street."

Why?: Some Republicans say it's residual anger from the tax cut bill, which eliminated a key housing deduction for state and local taxes in the blue states where most Wall Streeters live. Others say it's Trump's divisive rhetoric that alienates socially liberal or moderate suburbanites.

How it's playing out: Donors in the securities and investment sector have given $39.3 million to Democratic congressional incumbents and candidates, compared with $28 million for Republicans. That is a reversal from 2014, when Democrats scored $28 million and Republicans $41.5 million.

How Republicans are fighting back: Republican leaders have been warning donors about the broader threat of a Democratic House, but also the likely ascension of Rep. Maxine Waters (D-Calif.) to be chair of the House Financial Services Committee.

 

LEADING THE DAY

Americans win Nobel Economic Prize for work on climate and tech innovation: Two Americans were awarded the Nobel Prize in economics on Monday for their work that assessed how the global economy and the climate were intertwined, and how governments can best handle technological advancements in the economy.

William Nordhaus and Paul Romer received the annual award from the Royal Swedish Academy of Sciences. The two men work at Yale University and New York University, respectively.

  • Romer's studies found that governments should provide research and development opportunities to improve technological change in the economy. His work, the academy said, "explains how ideas are different to other goods and require specific conditions to thrive in a market."
  • Nordhaus, who worked separately from Romer, created a model that showed how the economy and the climate interacted. He discovered that universally imposed carbon taxes provide the most efficient way to address issues caused by greenhouse gases.

 

Deficit soars to $782 billion in 2018: The overall federal deficit soared 17 percent in fiscal 2018, hitting $782 billion, according to the Congressional Budget Office.

That figure amounts to 3.9 percent of gross domestic product (GDP), up from 2.4 percent the year before.

The federal deficit likely would have ticked higher were it not for the timing of certain payments based on when weekends fell. Without the shifted payments, CBO said, the deficit would have reached $826 billion, a 24 percent rise equivalent to 4.1 percent of GDP.

 

GOOD TO KNOW

 

ODDS AND ENDS

  • A progressive group founded by Catholic sisters began its "Nuns on the Bus" tour on Monday to make the case against President Trump's tax law ahead of the midterm elections.
  • Op-Ed: James Bacchus, an adjunct scholar at the Cato Institute, argues why the WTO must step in before the U.S.-China trade feud "spirals out of control."
 
 
 
 
 
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Hillicon Valley: Cyberattacks expose campaign security flaws | Google reveals bug that exposed 500,000 users | Facebook exec hosted Kavanaugh celebration | Apple denies China breach report

 
 
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Welcome to Hillicon Valley, The Hill's newsletter detailing all you need to know about the tech and cyber news from Capitol Hill to Silicon Valley.

Welcome! Follow the cyber team, Olivia Beavers (@olivia_beavers) and Jacqueline Thomsen (@jacq_thomsen), and the tech team, Harper Neidig (@hneidig) and Ali Breland (@alibreland). And if you don't receive it, CLICK HERE to subscribe to our newsletter.

 

CAMPAIGNS BEWARE: The spotlight on cyber vulnerabilities of political campaigns has grown brighter after three Democratic campaigns in California were hacked during the state's primary elections.

The campaigns of Bryan Caforio, Hans Keirstead and David Min all fell victim to cyber intrusions this year, underscoring a shortcoming that applies to political operations of various sizes: insufficient protections to guard against cyberattacks.

The problem is particularly acute for smaller-scale campaigns, which often have fewer resources to ensure their technology and communications are secure, while incumbents can draw from bigger campaign accounts.

But having more cash on hand doesn't always mean it'll be used to beef up protections. A recent McClatchy analysis of Federal Election Commission filings found that only six candidates running for seats in the House and Senate this election cycle have spent more than $1,000 on cybersecurity measures.

Patrick Sullivan, head of the security team at cloud services provider Akamai Technologies, estimated that basic cybersecurity measures for a political campaign would cost around $2,000 a month.

"Depending on the level they want, those things can be pretty affordable to at least do the basic things like protect your website from defacement and distributed denial of service [DDoS] attacks," Sullivan told The Hill. "You can purchase that as a utility over just a short period of time."

Read all about it, right here.

 

GOOGLE PLUS GETS MINUSED: Google on Monday revealed that a software bug exposed data on as many as 500,000 users of Google Plus, the company's social network program.

In a blog post, Vice President of Engineering Ben Smith said that the company discovered in March that a glitch was giving third-party developers access to private information like names, email addresses and occupations in some user profiles.

"We found no evidence that any developer was aware of this bug, or abusing the API, and we found no evidence that any Profile data was misused," Smith wrote.

The company said it would be shutting down Google Plus.

The company said as many as 438 developers had access to the information.

The Wall Street Journal, which first reported the incident, said part of the reason Google decided not to reveal the incident when it was initially discovered was because it would attract unwanted attention from regulators at a time when Facebook was facing criticism from Washington over the Cambridge Analytica scandal.

According to Smith, the Google Plus breach was not damaging enough to warrant notifying the public. 

Read more here.

 

HOW A GOP OPERATIVE TRIED TO GET HILLARY'S EMAILS: Longtime Republican operative Peter Smith raised at least $100,000 to obtain what he thought were emails stolen from Hillary Clinton in the run-up to the 2016 presidential election, according to a report from The Wall Street Journal on Sunday.

The Journal last year reported Smith's attempts to obtain Clinton's deleted emails from hackers in the weeks running up to the 2016 election.

The paper reported Sunday that Smith gained $100,000 from at least four backers and contributed $50,000 of his own money toward the effort.

The donations were made in the name of a Washington scholarship fund for Russian students, according to the Journal. The newspaper could not determine whether the scholarship fund existed.

However, the donations were referenced in an email titled "Wire Instructions--Clinton Email Reconnaissance Initiative" that the Journal reviewed in an account used by Smith. Read more here.

 

FACEBOOK EXEC HOSTED KAVANAUGH CELEBRATION: Facebook's vice president of public policy, Joel Kaplan, hosted a gathering on Saturday night in Washington, D.C., to celebrate Brett Kavanaugh's controversial nomination to the Supreme Court.

About 25 attendees showed up to Kaplan and Laura Cox Kaplan's celebration, including Brett and Ashley Kavanaugh, as first reported by Politico.

Laura Cox Kaplan, lobbyist Ginger Loper and several other women who supported Kavanaugh organized the event.

Facebook stressed that it doesn't have rules on what its employees do in their private lives outside of work.

That hasn't stopped its employees from being outraged that a high-level employee backed a Supreme Court nominee who faced multiple sexual misconduct allegations.

Several outlets, including The New York Times, detailed internal backlash at Facebook over Joel Kaplan sitting behind Kavanaugh as he testified about Christine Blasey Ford's allegation that he sexually assaulted her in high school.

Read more here.

 

APPLE SAYS CHINA DIDN'T GET TO ITS CORE: Apple's top security employee told Congress on Monday that it has not found anything to suggest that its systems were compromised through a sophisticated breach of its supply chain.

George Stathakopoulos, the company's vice president of information security, wrote in a letter to the Senate Commerce and House Energy and Commerce committees that Apple had conducted multiple investigations and not found evidence of the cybersecurity breaches detailed in a story published by Bloomberg Businessweek last week.

"We are eager to share the facts in this matter because, were this story true, it would rightly raise grave concerns," Stathakopoulos wrote in his letter.

The article reported that chips manufactured by Super Micro had been compromised by the Chinese government, which installed small chips, slightly larger than a grain of rice, onto motherboards which were sold to other companies including those with U.S. government contracts and Apple and Amazon.

Amazon has also denied the veracity of Bloomberg Businessweek's report.

Apple said that it had conducted internal investigations on the claims in the Bloomberg report, but said that the most important points of the story were false.

"In the end, our internal investigations directly contradict every consequential assertion made in the article," Stathakopoulos wrote. 

Read more here.

It's not the first rebuttal: The Department of Homeland Security (DHS) said over the weekend that it has "no reason" to doubt multiple companies that said their equipment was unaffected in a Chinese hacking scheme reported on by Bloomberg.

"The Department of Homeland Security is aware of the media reports of a technology supply chain compromise. Like our partners in the UK, the National Cyber Security Centre, at this time we have no reason to doubt the statements from the companies named in the story," DHS press secretary Tyler Houlton said in a statement late Saturday.

 

HAPPY COLUMBUS DAY: The foreign language–learning app Duolingo has introduced courses in two indigenous languages to mark Columbus Day, which is celebrated as Indigenous Peoples Day in some cities.

The app, which has more than 300 million users, launched programs in Hawaiian and Navajo, according to ABC News.

Myra Awodey, the app's lead community specialist, told ABC News that adding indigenous languages to Duolingo can help preserve the languages for future generations.

"When we lose a language, we lose access to an entire history of a kind of culture," Awodey said.

Awodey said that Navajo is the most popular indigenous language in North America, with more than 332,000 Americans claiming Navajo ancestry. 

Read more here.

 

FACEBOOK WANTS TO PUT A CAMERA IN YOUR HOME: Facebook announced on Monday that it is producing a new voice-activated device called Facebook Portal that will come with a screen, video camera and a microphone.

The new smart home device also includes an always-listening Amazon Alexa-voice assistant, and is likely to bring new scrutiny to a company already dealing with the fallout of several data privacy controversies.

Facebook will offer the new device in two different display sizes. It will let users video chat with one another through its connection to Facebook Messenger, use A.I. assistant Alexa and watch and listen to music and TV shows.

Facebook, anticipating questions about security, noted several safeguards in its Portal press release and created an entire separate page touting its security.

Read more here.

 

A LIGHTER TWITTER CLICK: Times are a-changin'. And if you're listening, please send snacks.

 

AN OP-ED TO CHEW ON: If China isn't exploiting our electronics supply chain, it will.

 

NOTABLE LINKS FROM AROUND THE WEB:

Second Skripal attack suspect identified as Russian military doctor in report. (The Hill)

Are wireless voting machines vulnerable? Florida, other states say they're safe enough (McClatchy)

Tech workers now want to know: What are we building this for? (The New York Times

How algorithms are dubiously kicking people off food stamps. (The Intercept)

Facebook's move into Uganda. (The Wall Street Journal)

 
 
 
 
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Overnight Energy: Zinke extends mining ban near Yellowstone | UN report offers dire climate warning | Trump expected to lift ethanol restrictions

 
 
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ZINKE BANS MINING NEAR YELLOWSTONE FOR 20 YEARS: Interior Secretary Ryan Zinke acted Monday to ban mining in a 30,000-acre spot near Yellowstone National Park, saying it's not an appropriate spot for mineral extraction.

The area in the southwestern part of Zinke's home state of Montana is owned by the U.S. Forest Service, and its mineral rights are managed by Interior's Bureau of Land Management.

Zinke's order, announced in Montana, bans all mineral extraction, including drilling and gold and silver mining, except for any preexisting claims, for 20 years, the maximum allowable by law. It extends a previous two-year ban, set to expire next month, that former Interior Secretary Sally Jewell put in place to study a longer-term ban.

Despite an all-out push by the Trump administration to increase domestic fossil fuel production, including undoing some land protections elsewhere in the country, Zinke said such activities are not appropriate in the Paradise Valley area.

"Access to public lands and water has allowed the Paradise Valley to build a world-class hunting, fishing, tourism and recreation economy. Whether it's enjoying the natural hot springs, fly fishing the Yellowstone, or hiking up Emigrant Peak, there's no shortage of ways to enjoy this beautiful region," he said in a statement.

"I fully support multiple use of public lands, but multiple use is about balance and knowing that not all areas are right for all uses. There are places where it is appropriate to mine and places where it is not. Paradise Valley is one of the areas it's not."

Greens cheer: Zinke got rare accolades from environmental groups for his mining ban decision.

"This incredible victory for our first national park reminds us all that Yellowstone is more precious and valuable than gold," Theresa Pierno, president of the National Parks Conservation Association, said in a statement, adding that the action shows officials "were informed and backed by sound science and robust public engagement led by U.S Forest Service and Bureau of Land Management staff."

But with a caveat: Some environmental groups see the Yellowstone decision as evidence that Zinke cares more about protecting the environment in his native Montana than elsewhere.

"The record suggest that Secretary Zinke will cast favor on his home state of Montana, even as he attempts to drill and mine sensitive public lands in Colorado, Minnesota, New Mexico, Wyoming and other places across the country," said Drew McConville, senior managing director of the Wilderness Society.

"Of course mining at the doorstep of Yellowstone National Park is a horrible idea, but so is mining near Minnesota's Boundary Waters and Utah's Bears Ears National Monument," he said.

"While Zinke rushes to open up places like Bears Ears, Grand Staircase-Escalante, and the Boundary Waters to copper, uranium, and coal mining, only Montana's natural treasures get the protection they deserve. It's now clear Ryan Zinke will only do the right thing when his political future is on the line," said Aaron Weiss, spokesman for the Center for Western Priorities.

Read more.

 

Happy Monday! Welcome to Overnight Energy, The Hill's roundup of the latest energy and environment news.

Please send tips and comments to Timothy Cama, tcama@thehill.com, and Miranda Green, mgreen@thehill.com. Follow us on Twitter: @Timothy_Cama, @mirandacgreen, @thehill.

CLICK HERE to subscribe to our newsletter.

 

UN REPORT BRINGS DIRE CLIMATE WARNINGS: A new report from a United Nations panel warns that the world might be on a path toward catastrophic climate change if greenhouse gas emissions aren't cut dramatically by 2030.

The report, released late Sunday by the U.N.'s Intergovernmental Panel on Climate Change (IPCC), says the world needs to decrease emissions by 45 percent by 2030, or else the atmosphere could hit 1.5 degrees of warming by then.

At that level of warming -- as measured as the Earth's average temperature compared with pre-industrial levels -- up to 90 percent of tropical coral reefs could die, Arctic warming could cause multiple feet of sea level rise and yields of key crops would drop.

World leaders would need to take "unprecedented" actions in order to keep global warming below 1.5 degrees Celsius, a level that scientists believe would avoid many of the worst effects of climate change.

The report concluded that avoiding 1.5 degrees of warming (2.7 degrees Fahrenheit) would not be impossible, but would likely involve actions like actively removing carbon dioxide from the atmosphere.

"Limiting warming to 1.5 degrees C implies limiting emissions on an unprecedented scale. It means deep emission reductions in all sectors, the use of a wide range of technologies, behavior changes and a significant increase of investment in low-carbon options," Jim Skea, a professor at Imperial College London and a leading author of the report, said at an Incheon, South Korea, event unveiling the report.

"Rapid progress is already being made in some areas, not only renewable energy. But this progress needs to be picked up in other areas, such as transport or land management," he continued.

Read more.

 

AUSTRALIA WON'T CONTRIBUTE TO CLIMATE FUND: Australia's new prime minister says the country will no longer contribute to a global fund that assists developing countries with climate change adaptation and that Australia is not bound to any previous emissions-cutting promises.

Asked if his country would be held to the target established under the landmark Paris climate agreement to reduce emissions between 26 and 28 percent from 2005 levels, Scott Morrison told Australian radio station 2GB Radio on Sunday, "No, we won't ... we're not held to any of them at all."

"Nor are we bound to go and tip money into that big climate fund," he added, referring to the Green Climate Fund. "We're not going to do that either. I'm not going to spend money on global climate conferences and all that nonsense."

Australia gave $200 million to the fund between 2015 and 2018.

Read more.

 

ON TAP TUESDAY:

President Trump is expected to announce a policy to allow sales of E15 -- gasoline with 15 percent ethanol -- year-round, lifting the current restrictions on summer sales.

The policy would be a major boon to Iowa and other corn- and soy-heavy states, just weeks before the midterm election, as farmers are suffering from Trump's trade policies.

The move is expected to bring with it new restrictions on trading the Renewable Identification Number credits that fuel refiners use to comply with the federal ethanol mandate.

 

OUTSIDE THE BELTWAY:

Several workers were injured in a Monday morning explosion and fire at an oil refinery in New Brunswick, Canada, CBC News reports.

General Electric Co. is planning to sell about $1 billion of energy assets to a private equity firm, CNN Business reports.

Authorities from France and Italy have started cleaning up after a fuel spill in the Mediterranean Sea caused by two ships colliding, the Associated Press reports.

 

IN CASE YOU MISSED IT:

Check out stories from Monday and the weekend ...

- Australia prime minister won't commit more money to global climate fund

- Zinke extends mining ban near Yellowstone

- Americans win Nobel Economic Prize for work on climate and tech innovation

- UN report predicts catastrophic consequences if greenhouse gas emissions not reduced by 2030

- Trump to announce lifting of ethanol restrictions on Tuesday: report

 
 
 
 
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