Top News Stories for Today – October 10, 2016
Nobel Prize in Economics announced
Harvard University’s Oliver Hart and Bengt Holmström of the Massachusetts Institute of Technology won the 2016 Nobel Prize in Economics for laying the groundwork for contract theory and its role in shaping everything from executive pay to public sector privatizations.
Work by the 67-year-old Holmström in the 1970s, and later by Hart, 68, helped establish contract theory “as a fertile field of basic research,” the Royal Swedish Academy of Sciences said on Monday. They will share the 8 million-krona ($926,000) prize. Bloomberg
A Syrian man arrested for planning attack
German police arrested on Monday a man suspected of planning a bomb attack who escaped authorities during a Saturday raid. Twenty-two year-old Syrian refugee Jaber Albakr was detained overnight after a nationwide hunt that ended in the eastern state of Leipzig.
Police have been looking for Albakr after they found several hundred grams of explosives in his apartment in Chemnitz. Local media say police found Albakr after another Syrian called authorities. The suspect is believed to have connections to Islamic extremist groups. VOA
N. Korean flood victims caught in nuclear standoff
A typhoon that hit at the end of September inundated villages near the Tumen River, along the border areas with China and Russia. Relief agencies report that 138 people have died so far, 400 are still missing and 70,000 have been displaced. The floods have destroyed 20,000 homes as well as numerous schools and hospitals, and washed away 30,000 hectares of crops that were nearing harvest.
The United Nations Children’s Fund (UNICEF), working with other relief agencies, is calling for $28.2 million for both immediate aid, and long term assistance to help rebuild homes, schools and hospitals that were lost, and to repair damaged water supply and sanitation systems.
Currently the North Korean disaster relief fund has only about $6.5 million, about 75 percent less than what humanitarian organizations say is needed. But raising money for humanitarian assistance in North Korea has become an increasingly difficult task given the global condemnation of its nuclear weapons program.
Ambassador Samantha Power, the US Permanent Representative to the United Nations said on Sunday that international donors “have no confidence that money and assistance that is meant to help ordinary people who are suffering terribly” will actually go to those in need. VOA
Samsung halts production of Galaxy Note 7
Samsung is putting the brakes on its beleaguered Galaxy Note 7 smartphone as fears spread that even replacement versions of the device can burst into flames. “We are temporarily adjusting the Galaxy Note7 production schedule in order to take further steps to ensure quality and safety matters,” a company spokesperson said. Production of the phone has been temporarily suspended, a person familiar with the matter told CNN on Monday.
The development is the latest in a string of embarrassing setbacks for Samsung over the Note 7, one of its flagship smartphones. It comes after cell phone carriers in the United States and Australia said they would stop offering replacement Note 7s following concerns that the new versions are no safer from fire risk than the originals. CNN
US Presidential election
Donald Trump and Hillary Clinton clash at ugly, contentious debate: Presidential candidates Hillary Clinton and Donald Trump faced off in Missouri on Sunday night for what quickly devolved into a name-calling, insult-trading debate. The townhall-style event — which featured questions from a live audience — came at a crucial moment for Trump, after 48 hours of intense criticism over a 2005 hot mic recording in which he is heard making graphic sexual remarks. The debate was rife with insults and interruptions, with Trump accusing Bill Clinton of sexual misconduct and threatening Hillary Clinton with jail time. Trump also repeatedly called Clinton a liar and said she has “tremendous hate in her heart.” The Week
Polls, analysts split over winner of presidential debate: After a shaky performance at the first presidential debate, Donald Trump roared back to form at the second debate on Sunday night in Missouri. Republican pollster Frank Luntz named Trump the unequivocal winner of the debate based on the results from his focus group. “I may have made a mistake in writing off Trump. After talking with voters tonight, he’s back in this race,” Luntz tweeted. Other early polls showed Clinton as the winner, including CNN/ORC, which named her the victor 57 percent to Trump’s 34 percent. YouGov‘s sample of 812 registered voters narrowly declared Clinton the winner, 47 percent to 42 percent. Many analysts believed the second presidential debate would be make-or-break for Trump, who is fending off criticism following the release of a decade-old recording of his lewd comments about women. CNN/ORC, YouGov, The Week
Trump says Clinton would be ‘in jail’ if he were President: Donald Trump took direct aim at the email scandal that has dogged Hillary Clinton throughout her campaign, saying if he were president he would appoint a special prosecutor to look into the case and that she’d be “in jail” if he were in charge. The Department of Justice declined to prosecute Clinton or her aides based on the FBI’s recommendation of no charges. Given the chance to respond, Clinton did not address Trump’s vow directly, but said, “Everything he just said is absolutely false. But I’m not surprised.” She questioned her opponent’s temperament, saying, that “it’s just awfully good that someone with the temperament of Donald Trump is not in charge of the law in our country.” Trump shot back: “Because you’d be in jail.” Abc News
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