Palestinian president Mahmoud Abbas said today at a ceremony in Ramallah that the Trump administration's Israeli-Palestinian peace plan "will go to hell."

Why it matters: The White House peace team, led by Trump's senior adviser Jared Kushner, is planning to launch the economic part of the peace plan at a conference in Bahrain less than a month from now. Abbas's harsh language against the peace plan and his lobbying against the Bahrain conference show the deep crisis in U.S.-Palestinian relations, which are probably broken beyond repair as long as Trump or Abbas are in office.

Abbas said today that whoever wants to solve the Palestinian issue needs to start with solving the political aspect of it, "and not try to sell illusions of billions of dollars". 

  • "The deal of the century [The Trump peace plan] or the deal of disgrace will go to hell and the economic project they are working on for next month [The Bahrain conference] will also go to hell ... we said we are not going to accept this meeting and its results because they are selling us illusions that will lead to nothing."

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Felix Salmon, author of Capital
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A white-collar crime crackdown

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America has waited a decade for an aggressive government crackdown on white-collar crime. Now, just before the election, and in the middle of a bull market, it has arrived.

Why it matters: When times are good, investors become more trusting and more greedy. That makes them more likely to put their money into fraudulent or criminal enterprises.

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The big picture: Winning any antitrust case is a heavy lift. It's even more of a challenge to pull off victory in a future-looking case that seeks to make room for potential new competition to flourish.

The pandemic is getting worse again

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Data: The COVID Tracking Project, state health departments; Note: Due to a database error, Missouri had a 3 day gap in reporting from Oct. 11-13; Map: Andrew Witherspoon/Axios

Every available piece of data proves it: The coronavirus pandemic is getting worse again, all across America.

The big picture: As the death toll ticks past 212,000, at a moment when containing the virus ought to be easier and more urgent than ever, we are instead giving it a bigger foothold to grow from.