From TradeBriefs <[email protected]>
Subject Hassett Says White House Probing Fed Renovation Costs, Authority to Fire Powell - Inc (No paywall) - Jul 14, 2025
Date July 14, 2025 1:48 PM
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Editor's Pick

What Happened to All the Human Bird Flu Cases?
[[link removed]}&lead=419599&emailid=211218&nl=daily the
outset of the Trump administration, bird flu, or H5N1 avian influenza,
has flown rather conspicuously - and in fact quite mysteriously -
under the radar. So much so that this week, the Centers for Disease
Control and Prevention announced the end of its emergency response to
bird flu, citing the lack of reported human cases. Updates, previously
issued weekly, will now arrive monthly. But something isn't adding up.

Continued here
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Work

Hassett Says White House Probing Fed Renovation Costs, Authority to
Fire Powell - Inc (No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
U.S. President Donald Trump has the authority to fire Federal Reserve
Chair Jerome Powell for cause if evidence supports that, White House
economic adviser Kevin Hassett said on Sunday, adding that the Fed has
a lot to answer for on renovation cost overruns at its Washington
headquarters.

Work

The First World War, in Sharp Focus - The New Yorker (No paywall)
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[[link removed]}&lead=419599&emailid=211218&nl=daily]
The mud of the Somme Valley was still on Ewart Tempests boots when he
marched into Vignacourt, a French village some fifteen miles behind
the British front line. It was April 5, 1916. Tempest, a fair-haired
and athletic twenty-six-year-old, was from Bradford, an industrial
city in northern England which was then the global capital of the wool
trade. Hed been a textile salesman there, devoting his spare time to
writing. Essays of his had appeared in newspapers, including one on
Shakespeare, which won a prize. Now he was an intelligence officer for
the First-Sixth Battalion of the Prince of Waless Own West Yorkshire
Regiment, a territorial unit from Bradford. The Sixth, as the regiment
was known, had experienced many months of warfare, and the men were
ready for some rest.

Work

Ancient proteins could transform palaeontology - The Economist (No
paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
ANCIENT PROTEINS nestled in fossils contain troves of information
about long-dead creatures. However, like all ancient molecules,
proteins degrade. Until recently the oldest proteins recovered for
reliable, in-depth analysis were around 4m years old. But two separate
studies published in Nature on July 9th, one by researchers at Harvard
University and the Smithsonian Institute and another led by
researchers at the University of Copenhagen, have recovered ancient
proteins, some of which could be up to 29m years old. The discoveries
should help palaeontologists investigate the behaviour, diet and
evolution of animals long thought too old to be studied with molecular
tools.

Work

Tim Cook Isn't Going Anywhere Soon, But an Apple Shake-Up Looms -
Bloomberg (No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The departure of Apple's chief operating officer is just the beginning
of a broader management overhaul though Tim Cook is staying put for
the foreseeable future.















Work

Browser AI Agents: The New "Weakest Link" that Can Feed Your
Credentials and Data to Attackers
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Employees are no longer the weakest link in an organization - Browser
AI Agents are.

Work

Why You Need 'Productive Friction'
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
We're living in an era where AI can generate polished designs, code,
and writing with a single prompt - but something crucial is being
lost. Willem Van Lancker argues that "productive friction" - the
struggle of learning through trial, error, and critique - is essential
for developing true expertise and taste. Read this if you want to
understand how to balance AI's efficiency with the intentional
friction necessary for mastery in your field.

Work

Trump's war on multinationals tests Irelands economic miracle
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
One economist saw it coming. In the summer of 2024, just after taking
up an economic advisory role to Irelands government, Stephen Kinsella,
professor of economics at the University of Limerick, warned that the
next crisis wouldnt be homegrown it would come from Washington.

Work

Javier Mileis risky bet on a potent peso - FT (No paywall)
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[[link removed]}&lead=419599&emailid=211218&nl=daily]
Argentine president hopes a strong currency will help him achieve goal
on which he has staked his political reputation killing off inflation














Work

Meet Nvidia's big new customers: governments - The Economist (No
paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Late in 2023 Jensen Huang, chief executive of Nvidia, began peddling a
new idea. Every country, he said, should have its own
artificial-intelligence (AI) system, trained on domestic data, aligned
with national values and built using local infrastructure. Appealing
to policymakers fondness for manufacturing, the boss of the chip
colossus described these systems as AI factories, ingesting data and
churning out intelligence. He called it sovereign AI.

Work

Bitcoin Hits Record High of $120,000 as Bullish Momentum Builds -
Bloomberg (No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Bitcoin reached $120,000 for the first time, with investor optimism
increasing almost daily after it emerged from a narrow trading range
that had left skeptics wondering whether the original cryptocurrency
would regain the record-breaking momentum seen at the start of the
year.

Work

South Korea preparing to order airlines to check fuel switches on
Boeing jets
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[[link removed]}&lead=419599&emailid=211218&nl=daily]
SEOUL (Reuters) -South Korea's transport ministry is preparing to
order all airlines in the country that operate Boeing jets to examine
fuel switche's in...

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Former Nigerian leader Muhammadu Buhari dies aged 82
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The former military ruler was "converted" to democracy and won the
historic 2015 elections.














Work

Terrible night's sleep? Here's how to make it through the day - and
maybe even enjoy it - one step at a time
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Coffee or no coffee? Almond croissant or exercise snack? Early night
or bedtime as usual? You'll be grateful you made the right choices

Work

Nobody Wants to Hear Good News About Psychiatric Medicine
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
It doesn't fit the agenda

Work

Macron promises to boost France's defence budget by 6.5bn over next 2
years - FT (No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
President says freedom has never been so threatened since 1945 in
address ahead of Bastille Day parade

Work

Smart Money Buys the Solar Dip
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The Senate's passage of the "Big Beautiful Bill" reduces solar tax
credits through 2028, but provides a transition window.














Work

Xi Wants to End China's Price Wars. But How? - Bloomberg (No paywall)
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The president pulled the country out of deflation in 2015. He has a
tougher job this time.

Work

I'm 38 and live in a retirement village. My rent is cheap, and my
neighbors have taught me how to be a better friend. - Business Insider
(No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
I get mixed reactions every time I tell people I live in a retirement
village. Some people just laugh it off because they don't understand
how I came to that decision. Some ask, "Isn't that depressing?" while
some family members initially thought I was way too young to live
around seniors.

Work

Weekly Injection Could Revolutionize Parkinson's Treatment
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Researchers have developed a long-acting weekly injection that
delivers steady doses of levodopa and carbidopa, potentially
transforming care for Parkinson's disease.

Work

Chinese postpartum confinement, called 'zuo yue zi,' is gaining
Western appeal | CNN
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Carol Chan is a confinement nanny who lives with families after a baby
is born. She prepares meals and herbal medicines, takes care of the
baby and provides guidance on being a new mother. Taylor Richard hired
Chan after giving birth to her son, Levi.














Work

Iran expels half a million Afghans since recent conflict with Israel,
UN says | CNN
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
More than half a million Afghans have been expelled from Iran in the
16 days since the conflict with Israel ended, according to the United
Nations, in what may be one of the largest forced movements of
population this decade.

Work

3D printing method turns biodegradable polymers into conductive
electronic components
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
From touch-sensitive smartphone screens to fitness wearables and
wireless earbuds, electronics are becoming ever more integrated into
our daily lives - and smaller, lighter, and more flexible in the
process. But as the demand for electronic devices grows, so does the
need for more sustainable ways to produce them.

Work

Summertime sadness is a real thing - FT (No paywall)
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[[link removed]}&lead=419599&emailid=211218&nl=daily]
There is, after all, nothing quite so miserable as feeling unhappy
when we are meant to be feeling good

Work

Hydropower saps flows from the mighty Kern River. Rafters want their
whitewater back. - Los Angeles Times (No paywall)
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[[link removed]}&lead=419599&emailid=211218&nl=daily]
KERNVILLE, Calif.It started out like a typical whitewater rafting trip
on the North Fork of the Kern River. Boaters paddled through churning
rapids, gliding past boulders and crashing through breaking waves.














Work

Linda Yaccarino: Elon Musk's X deputy who tried to ride the tiger - FT
(No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Inside the former social media CEO's tumultuous partnership with the
world's richest man

Work

Satellite photos show how Russia is building up 5 of its secret
nuclear bases - Business Insider (No paywall)
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Recent satellite images reviewed by Business Insider show extensive
construction of secret facilities, shrouded in fences and defended by
covered guardposts, in recent years at sites associated with Russia's
nuclear facilities.

Work

Europe's freedom faces greatest 'threat' since WW2, says Macron
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The French president has called for his country's defence spending to
rise by EUR3.5bn (?3bn) in 2026.

Work

Kentucky church shooting leaves three dead, including suspect
[[link removed]}&lead=419599&emailid=211218&nl=daily]
A gunman killed two women at a church in Kentucky and shot and wounded
a state trooper outside an airport on Sunday before police were able
to shoot him to death, authorities said.














Work

Are a few people ruining the internet for the rest of us?
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Why does the online world seem so toxic compared with normal life? Our
research shows that a small number of divisive accounts could be
responsible - and offers a way out

Work

Astronomers Detect a Black Hole Merger That's So Massive It Shouldn't
Exist
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The powerful merger, designated GW231123, produced an extremely large
black hole about 225 times the mass of our Sun.

Work

Discovery of ancient riverbeds suggests Mars once wetter than thought
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Scientists spot traces of 10,000 miles of rivers in area where many
believed 'there wasn't any evidence for water'

Work

Bitcoin Breaches $120,000 Mark For The First Time - Forbes (No
paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The price of bitcoin surpassed $120,000 for the first time late on
Sunday, the latest milestone for the world's most valuable
cryptocurrency, which has continued to rally over the past few weeks
alongside other top tokens.













Work

Israeli researchers develop world's first mRNA-based vaccine against
bacterium [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The team from Tel Aviv University developed a vaccine to combat the
bacterium that causes the black plague, using the same system as with
the COVID-19 vaccines.

Work

The markets are signalling a clear winner in the Middle East - FT (No
paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Israel's stunning stock rally suggests the country is cementing its
status as the regional economic superpower

Work

The fascinating science of pain - and why everyone feels it
differently
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[[link removed]}&lead=419599&emailid=211218&nl=daily]
Do you scream when you stub your toe? Could you play a grand final
with a shattered jaw, or work all day as your belly fills with blood?
When it comes to suffering, perspective is everything

Work

Sea snot: The noxious plague troubling Istanbul's coast
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[[link removed]}&lead=419599&emailid=211218&nl=daily]
As summer warms Istanbul's waters, the megacity's authorities are
having to battle a noxious algal bloom dubbed "sea snot".



Work

Urgent warning for parents: Deadly nicotine poisonings in kids are
skyrocketing
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[[link removed]}&lead=419599&emailid=211218&nl=daily]
Nicotine pouches are linked to much of the increase, with e-liquids
used for vapes associated with the deaths of two little boys.

Work

MIT chemists boost the efficiency of a key enzyme in photosynthesis
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
MIT chemists showed they can greatly boost the efficiency of a
bacterial version of rubisco, a key enzyme in photosynthesis. Using
directed evolution, they identified mutations that could boost its
catalytic efficiency by up to 25 percent.

Work

Denmark Aims to Use Copyright Law to Protect People From Deepfakes
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
A pioneering bill would give citizens the right to demand that social
media platforms remove digital forgeries of themselves.

Work

Why is the Federal Reserve independent, and what does that mean in
practice? | Brookings
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The Hutchins Center explains what Federal Reserve independence means,
and how it operates in practice.



Work

Japan and EU envision satellite network to cut reliance on US, SpaceX
- Nikkei Asia (No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
BRUSSELS -- Japan and the European Union look to develop an extensive
communications satellite network, a draft agreement for the Japan-EU
summit on July 23 shows, part of an effort to reduce reliance on U.S.
companies like SpaceX.

Work

Netherlands rations electricity to ease power grid stresses - FT (No
paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Country provides early warning for rest of EU if investments in new
cables do not keep pace with shift to greener economy

Work

The human harbor: Navigating identity and meaning in the AI age
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The future is marked by deepening uncertainty about our place in it,
and by growing ambiguity about the nature of human purpose itself.

Work

The private-equity maneuver allowing more investors to cash out - WSJ
(No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Real Chemistry is one of a growing number of companies being sold to a
continuation fund, a vehicle that lets private-equity firms hold on to
a business while giving investors in the original fund a chance to
cash out.



Work

Pentagon official at center of arms pause on Ukraine wants US to focus
on China - WSJ (No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
WASHINGTON : Elbridge Colby, the Pentagon's top policy official, wants
to refocus the U.S. military on countering China. That has put him at
the center of the Trump administrations abrupt moves on providing
weapons to Ukraine.

Work

Elon Musk is back at work and burning through executives - WSJ (No
paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
The billionaire entrepreneur may still be pining for a political
revolution with talk of starting his own third party to punish
spendthrift Republicans, but recent high-profile departures at his
companies underscore that the Boss is back.

Work

Security vulnerability on U.S. trains that let anyone activate the
brakes on the rear car was known for 13 years - operators refused to
fix the issue until now
[[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Wireless hardware to seriously disrupt rail transport costs less than
$500.

Work

A never-ending supply of drones has frozen the front lines in Ukraine
- WSJ (No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
From just a few commercial and homemade drones, which the Ukrainians
used at the start of the war to locate invading Russian columns,
unmanned vehicles now dominate the battlefield.

Work

Economists see lower recession risk and stronger job growth: WSJ
survey - WSJ (No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Economists expect stronger growth and job creation, lower risk of
recession and cooler inflation than they did three months ago,
according to The Wall Street Journal's quarterly survey of
professional forecasters.

Work

Jamie Dimon slams private credit, then bets $50 billion on it - WSJ
(No paywall) [[link removed]}&lead=419599&emailid=211218&nl=daily]
[[link removed]}&lead=419599&emailid=211218&nl=daily]
Jamie Dimon says Wall Street's hottest trend is a recipe for a
financial crisis, but he's investing billions to get in on it anyway.
His plan: swoop in strategically and profit if there's a meltdown.

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