11.1.2017

*|MC:SUBJECT|*
11.01.2017
NEED TO KNOW.
At Least 8 Killed in NYC Terror Attack.
8 people were killed and 11 injured in the deadliest terrorist attack in New York City since 9/11, as a truck plowed down a bike path running along the West Side Highway in Lower Manhattan. Officials say the driver, 29-year-old Sayfullo Saipov, smashed into a school bus before exiting the vehicle and running onto the highway with a paintball and pellet gun, where he was shot - but taken into custody alive (photos from scene). Officials found a handwritten note declaring allegiance to ISIS, with early reports indicating it was an "inspired" attack versus a strategically planned attack. Saipov is an immigrant from Uzbekistan, a central Asian country long controlled by the Russian Empire and the Soviet Union until its independence in 1991. Authorities had been anticipating a vehicle-based attack - the NYC incident was the 13th such "ramming" style attack globally in this year alone (compiled list). 

House to Release Tax Reform Package Today.
House Republicans will unveil their version of tax reform today, with many key provisions still to be hashed out. The inclusion (or exclusion) of any one item in the final bill may tip the balance - the budget resolution that allowed for an expected $1.5T in cuts over 10 years passed narrowly last week, 216-212. In 2016 the US government spent roughly $3.9T - while bringing in only $3.3T - and any federal revenue lost would need to be made up by higher growth, reduced spending, or increased deficits (See 101). At least one major lobbying group, the National Association of Home Builders withdrew support over potential changes to the mortgage interest deduction, which benefits the housing industry but costs (in lost revenue) $77B each year (biggest tax breaks here). President Trump has set a goal of House passage of the so-called "Big Six" package - it was coordinated between top Senate, House, and administration officials - by Thanksgiving.

Collapsed Tunnel at N. Korea's Main Nuclear Test Site.

Japanese news outlets reported that a tunnel at North Korea's primary nuclear test site collapsed, killing up to 200 workers in early September. The tunnel, located at the Punggye-ri test site in the mountainous northeast region of the country, became unstable after a September test - the country's sixth test at the site in the past decade. The media reports are still being confirmed, but scientists have said the extreme blasts (how underground nuclear tests work) have given nearby Mt. Mantap 'tired mountain syndrome', with further tests potentially blowing a crater in the surrounding area that would release nuclear radiation into the atmosphere.  
 
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IN THE KNOW.

Culture, Entertainment & Sports.

> Georgia, Alabama, Notre Dame, Clemson round out top 4 in first College Football Playoff Rankings (More)
> CBS investigating allegations of sexual harassment against Jeremy Piven; Piven flatly denies claims (More)
> Dodgers win Game Six 3-1, force decisive Game 7 against Astros in World Series tonight in Los Angeles (More)
 

Science & Technology.

> 'Monster' planet discovered, defies current planet formation theory and completes orbit in every 2.6 Earth days (More)
> World's shortest laser pulse achieved at 43 attoseconds, can watch electrons move during chemical reactions (More)
> Waymo ready to ditch human oversight in self-driving cars (More)
 

Business & Markets.

> Congress grills Facebook, Google, Twitter in Russian election interference hearings; Facebook to double safety & security staff to 20k (More)
> UnderArmour has first quarter of sales decline, misses earnings targets, shares slide 22% (More)
> Bitcoin surges to record $6,400 after futures exchange launch planned for Q4 (More) | Current Bitcoin and cryptocurrency prices and values (More)  
 

Politics & World Affairs.

> Rep. Jeb Hensarling (R, TX-05), chair of powerful House Financial Services Committee, won't run again in 2018 (More)
> Obamacare exchanges open for enrollment today with anticipation of high premium increases (More)
> Iranian supreme leader, Ayatollah Ali Khamenei, restricts range of country's ballistic missiles to 2,000 miles, can only hit Middle Eastern targets (More)
ETCETERA.
Google promises to "drop everything" to fix wonky cheeseburger emoji.

Elon Musk's Boring Company shares first photos of underground tunnels meant to alleviate Los Angeles traffic.

Woman catches World Series home run ball - man snatches ball and throws it back into the field (w/ video).

Louisiana Supreme Court denies appeal for man who requested "lawyer dog".

NYC is set to overturn a 91-year-old law that prohibits dancing in bars.

See the top 100 US independent restaurants by revenue (w/ average check).

Drinking IPAs may give you “Brewer’s Droop”.

Robots: Wal-Mart's are scanning shelves to restock items faster.

The horrifying new trend of eyeball tattoos.

Historybook: Sistine Chapel opens (1512); Parliament enacts Stamp Act on American colonies (1765); HBD Tim Cook (1960); RIP Walter Payton (1999).
"THE SIDELINES ARE NOT WHERE YOU WANT TO LIVE YOUR LIFE."
-Tim Cook
 
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