Skimm for October 30th
Skimm'd while carving pumpkins. Boo.
"There's only one person: Denzel" -- Outgoing US Attorney General Eric Holder on who should play him in a movie.
Yesterday, the Fed used its sexy talk and said it's pulling out of its stimulus program -- aka QE.
Not the boat in "The Parent Trap." It stands for quantitative easing, a program through which the Fed has been buying up trillions of dollars worth of bonds. It started during the '08 financial crisis and its intention was to inject a shot of caffeine into the economy and keep interest rates low. That makes it easier for people to borrow money and put it back into the economy. Happy wife, happy life.
The Fed's been teasing the end of QE for a long time…but it's now feeling more confident in the economy, partly because unemployment's lower. So now, the Fed's ending the program for real.
Some think leaving the nest is hard and the unemployment rate only looks low because people have given up on the job search -- meaning they're no longer recognized by the government as unemployed. Others think the Fed should've stopped QE a while ago, because pumping cash into the economy runs the risk of inflation.
Do you have fond memories of the financial crisis? Neither does the Fed. Ending the stimulus program is them saying 'our job is pretty much done here...we hope.'
Kaci Hickox feels ya. She's the nurse who was quarantined last weekend in NJ as a 'welcome home' present for treating Ebola patients in Sierra Leone. Even though Hickox says she hasn't shown any symptoms of the virus, some states have recently decided to quarantine all health workers returning from West Africa for 21 days – the time it can take for Ebola patients to start showing symptoms and become contagious. On Monday, NJ let her go home to Maine…which, lucky her, also has a new voluntary quarantine policy. Hickox says it's "crazy" that she's expected to stay cooped up like this and plans on breaking her quarantine today. Maine's not down with that and its gov. is seeking the "legal authority" to keep her shacked-up.
Giants fans are still having a better day than you. Last night, the San Francisco Giants beat the Kansas City Royals to win the World Series. It's the third time in five years that the Giants have been baseball's top dogs, this time thanks in big part to star pitcher Madison Bumgarner. Meanwhile, it took the Royals almost thirty years to make it to the World Series, so buy a Royals fan a drink. Stat.
iLookin' at you? Yesterday, we found out Iran is the Apple of Apple's eye. The WSJ reported that The Fruit's been rubbing its hands together, counting its dollars, and thinking Iran's young population and large middle class would look great with a few million iPhones. So the company is in early talks with Iran to do business there for the first time. There's just one little footnote to deal with first: sanctions. Iran's been saddled with lots of them in recent years thanks to its nuclear program that Iran says is for peaceful purposes and everyone else says 'hmmm.' But the nuclear talks with Iran and the West have reportedly been going OK lately, and word on the street is the sanctions could soon ease up. Although the US is warning Apple and other companies not to get too excited until the sanctions are officially lifted, you can't blame them for iDreaming.
Thought it was lost for good. Yesterday, researchers revealed that they've ID'd to a "high degree of certainty" a part of Amelia Earhart's lost plane. It's the first time there's been any trace of Earhart since her plane vanished over the Pacific Ocean in 1937. The researchers found a piece of aluminum debris in the early '90s on an uninhabited island in the Pacific. That, plus other evidence found on the island, leads them to think that she didn't crash into the ocean -- but that Earhart and the navigator flying with her became castaways. A team is going back to the island next year to try to find the plane. Stop repeating numbers, this is not a "Lost" revival.
Midterm elections are next week. You should vote. So we made you a guide to make sure you know what's up.
Afghanistan, Ebola, the Mideast, ISIS. Pick your crisis. President Obama's had just a few things on his to-do list lately. But the one that's hogging all the attention and making people really anxious is ISIS.
The world has problems. Yes, the president said he underestimated ISIS, but a year ago it wasn't exactly a household name.
Midterms are usually not about foreign policy but in this case, a lot of issues are hitting close to home, and close to cable news boxes.
BLUF: "Bottom line up front." How the military and your blunt friends get to the important part first so you don't have to read the entire email.
theSkimm's Avery Carpenter (New York, NY); Skimm'bassador Mary Bernard (Okatie, SC); Skimm'bassador Melissa LeBato (New Orleans, LA); Danika Conolly (San Francisco, CA); Christa Williams-Collett (New York, NY); Reda Jalabi (London, England); Amanda Krampf (Gaithersburg, MD); Ivanka Trump (New York, NY); Chelsea Rader (Boston, MA); Eric Angermeier (Sydney, Australia); Jaye Barrow (The Woodlands, TX); Jessica Falborn (Washington, DC); Kelsea Alderman (New York, NY); Marcella Yaniz (Los Angeles, CA); Mimi Montgomery (Washington, DC); Phillip Johnson (New York, NY); Stacy Kiki George (Bay Village, OH); Toby Everett (Houston TX)
Skimm'd something we missed?
Email [email protected]