*Goldman Sachs Says If You Thought 2017 Was Surprisingly Good, Just Wait for 2018:
This has been a good year for the global economy, and 2018 will follow that trend, analysts at Goldman Sachs said. Economic growth around the world has picked up steam this year. Germany — Europe’s largest economy — grew an unexpectedly strong 0.8 percent in the third quarter. In Japan, the economy has grown for seven straight quarters. Meanwhile, in the U.S., the economy grew 3 percent in the third quarter. “2017 is shaping up to be the first year of the expansion in which growth surprises to the upside,” Goldman analyst Charles Himmelberg said in a note to clients Thursday. “We expect 2018 to deliver more of the same.”
*THINK FREELY – READ LBN
*Trump: I’m Putting Big Game Trophy Decision on Hold
President Trump tweeted on Friday night that he was delaying an announced reversal of a ban on the import of trophy hunted animals. “Put big game trophy decision on hold until such time as I review all conservation facts. Under study for years. Will update soon with Secretary Zinke. Thank you!” Trump tweeted. Earlier this week, the U.S. Fish and Wildlife Service announced that it would allow the importation of endangered African elephants killed for trophies in Zimbabwe and Zambia, sparking outcry from activists and some Republicans.
*C.E.O. of Puerto Rico Power Authority Resigns:
The chief executive of Puerto Rico’s troubled public electric company stepped down on Friday amid a two-month island-wide blackout and weeks of bruising public outcry over a costly contract to restore service. The resignation of Ricardo L. Ramos, the chief executive of the Puerto Rico Electric Power Authority, known as Prepa, was effective immediately. The governor, Ricardo A. Rosselló, told reporters that he accepted the resignation because Mr. Ramos had become a “distraction.” A spokeswoman for Mr. Rosselló said the governor had not asked for Mr. Ramos to step down. “There is an investigation that we’ve called upon for the whole contracting situation,” Mr. Rosselló said in an interview. “The truth of the matter is that this decision was taken with the best interests of the people of Puerto Rico.”
*LBN-INTEL FOR INFLUENCERS: People throughout the world (all 50 of the United States and 26 foreign countries) have come to rely on LBN for independent, unbiased news and information directly in their inbox. Valuable information is power and LBN is a power-tool. Now your friends, family and associates can sign up to receive. It’s simple. Go towww.LBNElert.com and sign up (if you’ve got the guts).
*A Twitter Account With Two Fake IDs Accused a Democrat of Assault:
A woman claiming to be from Connecticut made an explosive allegation of sexual assault against Sen. Richard Blumenthal(D-CT) on Friday. Her account quickly made its way through conservative chat forums, where contributors roundly called for the Senator to address the allegations and be held accountable for them. But it is not entirely clear that the woman making the charge actually exists. In fact, a quick search shows that the account ripped off bio photos of women in Texas and London and misspelled the name of the accuser’s Connecticut hometown. The account was quickly shut down once the accusation went viral on rightwing media, with the user then emerging to claim she’d been hacked. After that, the account was suspended.
*LBN-MUSIC INSIDER: ***Taylor Swift may have a less litigious reputation now. Swift’s attorneys sent blogger Meghan Herning a cease-and-desist letter last month demanding a retraction after Herning called for Swift, 27, to denounce white supremacy in a feature for PopFront after many white supremacists used her lyrics to spread support for their cause. Herning received the letter on Oct. 25 demanding that PopFront remove the story Oct. 24 — a day before the letter was dated — and also ordered Herning not to publish said letter, claiming it would constitute copyright infringement.
*LBN-NOTICED: ***Amber Heard and Elon Musk were spotted grabbing breakfast in LA on Thursday at Sweet Butter Kitchen, looking over her new GQ Australia cover. The catch-up session came just one day after Musk’s Rolling Stone cover article dropped, with the Tesla billionaire admitting of their split, “I was really in love, and it hurt bad” and “She broke up with me more than I broke up with her, I think.” The pair parted ways in August, and while it was clearly emotional for Musk, they still seem to be on good terms. ***Celebrity restaurateur Danny Meyer dining with his mom at Bistro Chat Noir on the Upper East Side in NYC. ***Priscilla Presley and Beverly Hills PR exec. Edward Lozzi chatting it up at La Scala restaurant in Beverly Hills.
*LBN-R.I.P.: ***Malcolm Young, the guitarist who co-founded the legendary rock group AC/DC together with his brother, died Saturday at the age of 64. Young had struggled with dementia for the past several years and retired from the band as a result of his illness. He reportedly passed away peacefully surrounded by family. “Today it is with deep heartfelt sadness that AC/DC has to announce the passing of Malcolm Young,” the band announced in a statement. “Malcolm, along with Angus, was the founder and creator of AC/DC. With enormous dedication and commitment he was the driving force behind the band. ***Tunisian-born designer Azzedine Alaïa, an icon in the fashion world known for his body-con designs, has died in Paris at the age of 77, according to French media. Alaïa, who gained the moniker “King of Cling” for his snug-fitting attire, worked closely with Lady Gaga and Naomi Campbell, and former First Lady Michelle Obama was known to wear his designs. No further details have been released on Alaïa’s death, but Twitter tributes came pouring in Saturday to mourn the loss of a fashion legend. ***Bobby Baker, a onetime Senate page who, through his close ties to Lyndon B. Johnson and others, became one of the most influential nonelected men in the American government of the 1950s and early ’60s, only to be investigated for and eventually convicted of tax evasion and other crimes, died on Sunday, his 89th birthday, in St. Augustine, Fla. His death was confirmed by the Craig Funeral Home of St. Augustine.
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*LBN-VIDEO LINK: Stephen Colbert’s ‘Go Fund Yourself’ — https://youtu.be/Py0Zfrns3Xs
*LBN-COMMENTARY by Tara Haelle: The first tip is a no-brainer: get the flu vaccine, said Dr. Julie Brandies, a physician at Advocate South Suburban Hospital in the greater Chicago metropolitan area. There’s virtually no reason to not get one. “It’s not perfect, but it’s a lot better than getting the flu,” Ms. Brandies said. Flu vaccine effectiveness varies season to season, from 10 percent to 60 percent over the past decade, according to the Centers for Disease Control and Prevention. But it’s beneficial even without completely preventing influenza.
*LBN-COMMENTARY by JONATHAN COWAN and JIM KESSLER: Eggs over easy, home fries, bacon and toast. It’s $9.99 at Tops Diner in Newark but $5.79 at Pop’s Diner near Oklahoma City. If the same meal in two parts of the country has such a different price, should America have a single national minimum wage? As recently as three years ago, Democrats led by President Barack Obama had settled on pushing a national minimum wage increase to $10.10, up from $7.25, which was set in 2009. Since then, a movement working on behalf of low-wage workers has pushed for a $15 national minimum wage in what is known as the Fight for $15. This noble movement has succeeded in several high-cost cities, including New York, San Francisco, Los Angeles and Seattle, where wages are set to rise on a glide path to $15 in several years’ time. But a wage floor that is right for the high-cost coasts may be the wrong fit elsewhere. After all, in a 2016 report we noted that a typical dentist appointment in Jackson, Tenn., ran $67, but it was $108 in San Francisco. A dozen eggs was $3.99 in Oakland, Calif., but 93 cents in Fargo, N.D. And according to the real estate website Rent Jungle, a two-bedroom apartment in the Los Angeles metro area runs $2,907 per month. In Philadelphia it’s $1,739; in Jacksonville, Fla., it’s $1,112. Seen in this context, the fight for $15 makes more sense for people living in Brooklyn, where parking can run $30 a day, than it does for people in Cumberland, Md., where a space costs $35 per month. And it explains the very different minimum-wage levels that have been set in different states. In 2014, in addition to Seattle and San Francisco’s vote for $15, Arkansas, Alaska, South Dakota and Nebraska all chose to raise their minimum wages. In these four rural, lower-cost states, the new minimum wages rose to between $8.50 and $9.75.
*LBN-HISTORICAL COMMENTARY by Socrates: Do not do to others what angers you if done to you by others.
*LBN-A DIFFERENT VIEW:….Giorgio Armani
*LBN-OVERHEARD: ***“Saturday Night Live” alum Bill Hader and his wife, filmmaker Maggie Carey, have split after more than 10 years together, his rep confirmed. The pair have been separated since July and are in the process of divorcing, according to People. Hader, 39, and Carey married in 2006 and share daughters Hannah, 8, Harper, 5, and Hayley, 3.
LBN E-Lert Edited By Dan Gaylord