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9/16/19 - NewsBling.co
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A small village in Italy will pay anyone who is willing to move there. The village of Toma is located in the beautiful Italian countryside in the southern part of the country. Newcomers are being offered €700 per month for three years to come settle in the village on the verge of dying out. The village will start the program with 40 people. The catch? You have to start a local business or do something that adds to the local economy. 
When you actually know nothing about Italy
 

Saudi Oil Production Drops 50% After Attack 🛢️

 
Iran vs. Saudi Arabia
Saudi Arabia is a conservative Islamic Sunni nation that has been historically aligned with the US and UK. Iran is a Islamic Shia nation that has been a strategic rival of the US since its 1979 revolution. Iran and Saudi Arabia have strong religious differences, have had multiple direct and proxy conflicts (such as Yemen), and their relations have reached the point of near war in recent years.
Drone attack on oil
This past Saturday, 10 drones attacked the Abqaiq processing plant and the Khurais oilfield. These are Saudi Arabia’s primary oil producing areas that make upwards of 7 million barrels of crude oil per day. The attack crippled production to less than 50% of the country's capacity, representing a drop of roughly 5% of the world’s total production. Yemen’s Houthi rebels claimed responsibility, but US Secretary of State Mike Pompeo asserted on Twitter that Iran was behind the attack.
ECONOMIC IMPACT:

Outlets that focus on the economic impact of the attack, site a decline in Saudia Arabia’s stock market by nearly 3%, a rise in crude oil futures of nearly $10, and a generally higher risk for the energy market into the foreseeable future. Less time is spent on the possible geopolitical implications of the attack. 

MILITARY THREAT:

Outlets that focus on the military threats point to the fiery exchange between Pompeo and the Iranian Foreign Ministry as well as an assertion that geopolitical tensions are rising in the Middle East amid escalating hostility between Iran, Sudia Arabia and the US. These outlets also comment about the ongoing conflict and humanitarian crisis in Yemen.

 
Where's the common ground?

Both sides recognize the significant implications of the attacks on both the global energy markets and the rising tensions in the Middle East, but their choice of focus leads to different conclusions on the ultimate impacts of the attacks. The heightening crisis looms over the long-awaited announcement of President Trump’s Middle East peace plan, which is expected this week. 

Meanwhile, Tesla owners:
 
EPA Changes Water Protection Rules 💧
 

EPA rolls back the 'Waters of the U.S.' rule

The EPA announced the repeal of the 2015 Obama administration's 'Waters of the U.S.' rule. The repeal will be followed by a new rule that will have a narrower definition for the water bodies under EPA protection. The repeal also restores earlier regulations that governed the Clean Water Act prior to the 2015 rule.

What was the rule exactly?

The rule clearly defined which bodies of water would have the federal protections listed under the Clean Water Act. It expanded the protections to include small streams, headwaters of rivers and lakes, and even seasonal ponds. The rule had been challenged in court where judges blocked the implementation in 28 states.

LEANING LEFT:

The left views this as a part of a sustained effort by the Trump administration to weaken the nation’s environmental protections. They point out that the revision would remove pollution protection in “about 60% of the nation’s bodies of water” which are the sources of drinking water for “⅓ of the United States”.

LEANING RIGHT:

The right focuses on the argument that the original rule had been a “vast federal overreach”. They contend that the 2015 rules had made “wetlands out of puddles” and imposed regulations on areas that “hold water a few days a year” after heavy rains. 

 
Where's the common ground?

Both sides agree that there is a need for a new rule because regulations before 2015 had failed to clearly define what waters were under EPA and federal protection. They are divided on how far the new rule should go. Both sides predict that any rule proposed by Trump will likely get caught up in the court system and will ultimately be decided by the Supreme Court.

Waterboy says stay hydrated
 
Extra extra...✨📰✨
 
How to lose $300 million/day. The United Auto Workers union is planning a strike at GM after failing to reach a new deal (CNBC)
Son of Osama. President Trump confirmed that Hamza Bin Laden was killed in a counterterrorism operation (Fox News)
Unlimited movies are dead. MoviePass is officially shutting down as of this past weekend (Business Insider)
New discount. WeWork may be cutting its valuation again ahead of its IPO...this time to $10B from the $47B it was valued at (Reuters)
The mad king's house. A Game of Thrones prequel is under development and will focus on the Targaryen family (CNBC)
 
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