Fwd: NYT Now: Your Wednesday Briefing

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Date: Wed, Jul 1, 2015 at 12:17 PM
Subject: NYT Now: Your Wednesday Briefing
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View in Browser | Add nytdirect@nytimes.com to your address book. Wednesday, July 1, 2015 Wednesday, July 1, 2015 nytnow.com » Enjoy this newsletter? The NYT Now app for iPhone is now completely free. It's the fastest way to catch up with the news throughout the day. Download now. A bank employee in Athens distributed numbers today to retirees waiting to receive pension payments. Yannis Kolesidis/European Pressphoto Agency Your Wednesday Briefing By ADEEL HASSAN Good morning. Here's what you need to know: • A new day, a new deal? The Greek prime minister is unexpectedly prepared to accept strict terms for a bailout by his country's creditors, with some conditions, news reports say today. Stock markets soared on the news. We are following developments. European officials say Greece is effectively in default after missing its $1.8 billion payment to the I.M.F. on Tuesday. • Foreign policy milestone. The U.S. and Cuba today announce plans to open embassies in each other's capitals, formally restoring diplomatic relations more than a half-century after they were severed. The agreement is the most tangible outcome to date of President Obama's decision to reach out to the island nation and to end its decades of isolation. • What's next for health care. President Obama visits Tennessee today to speak about progress made under the Affordable Care Act and about what lies ahead after last week's Supreme Court ruling that upheld health insurance tax subsidies. While Mr. Obama is away, the White House fence will get sharp metal spikes as part of security enhancements. • A new front opens against ISIS. A Europewide police unit begins its work today to track and block social media accounts linked to Islamic State . The unit is part of the European response to the terrorist attacks on the office of the satirical newspaper Charlie Hebdo in Paris in January. • New on the West Coast. California is now the largest state in the country to require schoolchildren to receive vaccinations unless there are medical reasons not to do so, after Gov. Jerry Brown signed the legislation. And recreational marijuana is legal in Oregon as of today. • Church burnings. An African-American church in South Carolina that was burned down by the Ku Klux Klan in 1995 caught fire again Tuesday night. No one was believed to be inside at the time. Federal authorities are investigating blazes at several other predominantly black churches. MARKETS • On Wall Street, the S.&P. 500 index opens with its smallest gain on record for the first half, up just 0.2 percent. The Dow Jones industrial average is about 1.1 percent lower, while the Nasdaq is up 5.3 percent for the year. China's stock markets plunged again today despite a series of government measures to prop up share prices. • The average sale price of a Manhattan apartment hit a new high of $1.87 million in the second quarter, up 11 percent from a year ago, bolstered by a strong local economy, high demand and low supply. Nationally, a 20-city home price index rose 4.9 percent in April, with double-digit jumps in Denver and San Francisco. • Donna Karan, the 66-year-old founder of the fashion house that bears her name, is stepping down to spend more time on her Urban Zen line of wellness and artisanal goods. NOTEWORTHY • U.S. in Women's World Cup final. Carli Lloyd scored on a penalty kick and assisted on Kelley O'Hara's goal 15 minutes later as the Americans topped the favored Germans, 2-0, on Tuesday night. On Sunday, the U.S. will play the winner of today's semifinal between Japan, the defending champion, and England (7 p.m. Eastern, Fox Sports 1). • "Ah-nold" returns. In "Terminator Genisys," opening in movie theaters today, the 67-year-old Arnold Schwarzenegger reprises his role as a cyborg and goes back in time to fight a digital version of his younger self. Two more sequels are planned. • What's on TV. "Extant," a sci-fi series, starts a second summer season with a new cast. But it keeps Halle Berry, who plays an astronaut who escapes from a psychiatric hospital to investigate strange deaths (10 p.m. Eastern, CBS). • On the grass courts. Novak Djokovic, Stan Wawrinka, and the Americans John Isner, Steve Johnson and Denis Kudla play in second-round action at Wimbledon in England. Serena Williams, Venus Williams, Victoria Azarenka and Maria Sharapova are among the high seeds playing today (7 a.m.-4:30 p.m. Eastern, ESPN). • Going long on Twitter? Public tweets still have a 140-character limit, but the direct message service — for private messages that only the intended recipient sees — now accommodates up to 10,000 characters. BACK STORY Eli Whitney's cotton gin and Thomas Edison's light bulbare very American inventions. But so is Ralph H. Baer's home video game; if you've ever played one, you have him to thank for your fun. A replica of his studio is the main feature of "American Enterprise," a major exhibition opening today at the National Museum of American History in Washington. The exhibit follows early merchants from the 1700s to Steve Jobs's technological innovations and everything in between. Mr. Baer is the one who transformed TV sets you merely watched into screens that you could interact with and control. His system was licensed to Magnavox, which began selling it as Odyssey in the summer of 1972, as the first home video game console. In 1973, he was granted Patent No. 3,728,480. And from that came the PlayStation, the Xbox, the Wii and a video game industry that has about $100 billion in annual sales. Victoria Shannon contributed reporting. Your Morning Briefing is published weekdays at 6 a.m. Eastern and updated on the web all morning. What would you like to see here? Contact us at briefing@nytimes.com. Want to get the briefing by email? Here's the sign-up. ADVERTISEMENT FOLLOW NYTNOW @NYTNOW NYT Now app for iPhone Now the news keeps up with you Available on the App Store Get more NYTimes.com newsletters » | Sign Up for the Morning Briefing newsletter » ABOUT THIS EMAIL You received this message because you signed up for NYTimes.com's NYT Now newsletter. As a member of the TRUSTe privacy program, we are committed to protecting your privacy. (...) Privacy Policy | Contact | Advertise Copyright 2015 The New York Times Company | 620 Eighth Avenue New York, NY 10018