All the news you need to know
"In Missouri, sex is a gift," realizes Kansas City Star's Steve Kraske, sharing the news that a new Missouri bill seeks to define sexual relations between lobbyists and lawmakers as a gift (at 700 shares and climbing). "Amazing new twist on ethics laws: sex between a legislator and lobbyist could be reported as a gift," Atlas Obscura's Sarah Laskow puts it another way. "How would this go in Albany?" wonders Wall Street Journal's Josh Dawsey. "Good thing don't have to attach $$ value," muses Eve Byron. Yeah, that could add an extra layer of awkward.
In other trending news, Saudi Arabia is considering an IPO of Aramco, which is possibly the world’s most valuable company. "If there was ever a time to dust off the cliche "game changer," I think this classifies," points out SNL Energy's Bryan Schutt. Meanwhile, New York is gearing up to appoint a monitor to review police’s counterterrorism activity. "BREAKING: NYPD will get civilian oversight of intelligence operations, to settle lawsuit of Muslim surveillance," details Matt Apuzzo with the New York Times. Plus, an exclusive from the Daily Beast reveals lawyers went to Mayor Rahm Emanuel then quashed the Laquan McDonald video. "This isn't a smoking gun, but it's close. It proves Rahm's lawyers — who briefed him — knew what the video showed," explains Politico's Peter Sterne. And last but not least, we invite you to glimpse China's 29 minutes of chaos as stunned brokers raced to sell share prices going into free fall. Or as Bloomberg's Richard Frost puts it, "China's hyperspeed stock market crash: how to go bust in 29 minutes."