News you should read today – October 8, 2015



Kevin MccarthyKevin McCarthy drops out of race for House speaker
In a stunning move, Majority Leader Kevin McCarthy has withdrawn his candidacy for House Speaker. McCarthy told colleagues at the start of the conference Thursday that he was not the right person for the job. He recommended that the election be postponed and Speaker John Boehner delayed it.

Wisconsin Rep. Paul Ryan quickly diffused speculation that he might jump into the race for the role. Utah Rep. Jason Chaffetz, who launched his own bid for House speaker earlier this week, said he was shocked by McCarthy’s decision. Chaffetz said “he’s still running” but added that he isn’t sure he’s the right person for the role. McCarthy told to reporters that he would stay on as majority leader. Yahoo politic



high school diploma in californiaUnder California’s new law, thousand who failed high school exit will be awarded diplomas
On Wednesday, California Gov. Jerry Brown (D) signed a bill that will require school districts to award diplomas to thousands of people met all of their high school requirements but one. SB 172 takes effect in January, and will ensure that those who failed the California High School Exit Exam in 2004 or later but met all other graduation requirements will receive their diplomas, the San Jose Mercury News reports.

The bill also suspends the exam as a graduation requirement for current freshmen, sophomores, and juniors in high school. People who failed the exam could take it again after they left high school, as long as they were enrolled in community college or adult school. The California Department of Education does not keep track of who passed the exam after high school, but does know that from 2006 to 2014, 32,000 students failed to pass while in high school. The Week



kunduz obamaObama apologies for Kunduz hospital bombing
US President Barack Obama has apologized to the president of aid agency Medecins San Frontieres (MSF) for a bombing that killed at least 22. US said the bombing, which took place in the Afghan city of Kunduz, was a mistake and it was attempting to strike the Taliban. Mr Obama has also apologised to the president of Afghanistan.

MSF wants the bombing to be investigated as a war crime. “If it is necessary to hold individuals accountable, that will be done,” said White House spokesman Josh Earnest. Mr Obama “expressed his condolences” to MSF president Joanne Liu, said Mr Earnest. “In the United States when we make mistakes, we’re honest about it. We own up to it,” he said. Mr Earnest also hinted at the possibility of paying victims and their families, a Department of Defense policy. A number of inquiries have been ordered – by the US justice department, the Pentagon, Nato and an American-Afghan team. BBC



trump dillerA billionaire CEO Barry Diller says he’ll leave USA if Trump is elected
What would media mogul Barry Diller do if Donald Trump is elected president? “I’ll either move out of the country or join the resistance.” But he’s convinced he won’t have to do either, saying he would take any bet that Trump will not be elected.

“Truly, I’m not moving, and I don’t think I’m joining the resistance,” he said in an interview with Bloomberg. Diller attributes Trump’s success in the polls “a phenomenon of reality television as politics.” And he said that Trump has learned from “The Apprentice” that good reality television is built around conflict. Diller has a long track record contributing to Democratic candidates. In the 2008 election he contributed to numerous Democratic candidates including Barack Obama, Hillary Clinton and Joe Biden. But he also gave money to Republican presidential candidate John McCain, according to the Center for Responsive Politics, which tracks donations and lobbying. So far in this election cycle he has not made any contributions. Diller is CEO of IAC/InterActiveCorp (IACI), the conglomerate of new media businesses from to The Daily Beast to Forbes estimates his net worth at $2.5 billion, while it puts Trump’s wealth at $4.5 billion.



hillary clontonHillary Clinton breaks with Obama on Trans-Pacific Partnership
Hillary Clinton said Wednesday she is “not in favor” of the Trans-Pacific Partnership (TPP), a massive free-trade deal that she had lauded while serving as President Obama’s secretary of state.

Clinton said she doesn’t believe the agreement will meet the “high bar” she has set of creating good American jobs, raising wages and advancing U.S. national security. She also said that there are more things the U.S. can do at home to help raise wages and criticized Republicans for blocking “everything President Obama tried to do on that front.” That sets her apart from Vice President Joe Biden, who “supports the TPP agreement and will help pass it on the Hill,” his office said, according to the Associated Press. Clinton supported the North American Free Trade Agreement when her husband, former President Bill Clinton, signed it into law and advocated for TPP as secretary of state. Even after leaving the Obama administration, Clinton complimented the trade deal in her 2014 memoir, “Hard Choices.” But she sounded less supportive once she began running for president. CBS news



golan oil fieldMassive oil reserves discovered in Israel
After Israel complained for years that it was surrounded by oil-rich states but didn’t have a drop within its own borders, it appears there’s a big-time turnaround with the announcement Wednesday that massive oil reserves have been located in the Golan Heights, close to the country’s border with Syria.

Afek Oil and Gas, an Israeli subsidiary of the U.S. company Genie Energy, confirmed the find in an interview with Israel’s Channel 2 TVbut conceded that until the oil is actually extracted, they won’t be sure of the actual amounts and quality of the oil that has been discovered. Genie Energy is chaired by Howard Jonas and counts among its more notable investors the “former US Vice President Dick Cheney, Michael Steinhardt, Jacob Rothschild, and Rupert Murdoch.” Fox news reported. FOX news