CPI is 2.6% -- The Consumer Price Index was up 0.2% in October, for a 2.6% annual rate, up slightly from the September annual rate of 2.4%, which came before the Federal Reserve’s interest-rate cut by a quarter-point. The October CPI for all items except food and energy was +3.3%. [CHART: Bureau of Labor Statistics]
FRIDAY 11/15/24
Not an Onion Headline – “The Onion Buys Infowars, Alex Jones’ Site, Out of Bankruptcy.” That’s from The New York Times, so you know it must be accurate.
Also accurate: Ben Collins, CEO of The Onion’s owner Global Tetrahedron says the purchase has the backing of Everytown for Gun Safety, the group founded in the aftermath of the Sandy Hook shooting. A bankruptcy judge forced Infowars parent Free Speech Systems to the auction when Jones failed to pay a judgment totaling nearly $1.5 billion to Sandy Hook shooting victims’ families for their successful defamation suit.
The sale to Global Tetrahedron is subject to approval by a bankruptcy judge. Global Tetrahedron did not reveal the amount of its winning bid, but families reportedly support a lesser purchase price in favor of turning Infowars over to The Onion’s owners.
We’re expecting an online makeover that turns Infowars into something like Stephen Colbert’s old satire of Fox News hosts on his Comedy Central spinoff of The Daily Show, called The Colbert Report.
Sandy Hook families sued Jones in Connecticut and Texas after he repeatedly spread a vile conspiracy theory on Infowars that the shooting, in which 20-year-old Adam Lanza killed six teaching staff and 20 six- and seven-year-old children on December 14, 2012, was a “staged” TV production.
Everytown backs Global Tetrahedron’s purchase of Free Speech Systems out of bankruptcy and in fact will sponsor the new Infowars under The Onion parent’s ownership. Along with Infowars, Global Tetrahedron also obtains Free Speech Systems’ production studio and Jones’ diet supplement business.
Sandy Hook families’ suit, filed in Connecticut and Texas, was never about the money but rather about putting an end to Jones’ Infowars lies, Chris Mattei, attorney for the plaintiffs, told NPR.
When asked on NPR’s All Things Considered when Global Tetrahedron’s new Infowars would launch, CEO Collins said; “We can’t really give it away, but it’s in January.”
•••
Drill, Baby, Drill – President-elect Trump has named North Dakota Gov. Doug Burgum (R) his nominee to head the Interior Department, which manages nearly 500 million acres of public land and vast coastal waters. Prime oil drilling locations, in other words.
Think of Burgum as the yin to Elon Musk’s yang.
Burgum made his fortune from software, real estate and venture capital before he ran for North Dakota governor in 2016 and is “particularly close” to Harold G. Hamm, the CEO and founder of one of the largest independent oil companies, Continental Resources, according to The New York Times, which notes that Hamm has given nearly $5 million to the Trump campaign since 2023.
--TL
_______________________________________________
THURSDAY 11/14/24
Bye-Bye Flouride? – President-elect Trump is expected to nominate vaccine-averse Robert F. Kennedy Jr. to be head of the Department of Health and Human Services, Politico reports, citing a “person with direct knowledge” of the plan. When RFK Jr. was running for president this year on his own, he promised to “go wild” with health and food policy. His impending nomination to HHS is yet another sign of the added confidence to the incoming administration of Trump’s big win November 5 and the Republican Party’s Senate majority.
•••
Storming the Gaetz – It has only been nine or 10 days, and already President-elect Trump is testing the limits of his “mandate” with his nomination of Rep. Matt Gaetz (R-FL) to be his attorney general. That is, ex-Rep. Gaetz, as he promptly resigned from the House of Representatives after Trump’s announcement.
Gaetz was (still is?) days away from a likely release of a “damning” House Ethics Committee report about allegations he had sex with a minor, Politico Playbook reports. His resignation effectively ended the Ethics Committee investigation, but it also “scuttled” Republican plans for a show of unity after Rep. Mike Johnson (R-LA) was re-elected to his House leadership role – he will remain speaker.
In the end, a majority of House Republicans might get what they want: a mostly unliked Gaetz out of the House and a Republican-controlled Senate that could use the investigation to vote against him to become Trump’s AG.
Who else? … That leaves open the question of whom Trump’s next choice for AG might be. According to the Playbook report, Gaetz was not on the president-elect’s shortlist as late as Monday, but Trump was not happy with his other choices.
Intel for Gabbard… Equally or perhaps more troubling for what’s left of mainline Republicans, and pretty much everybody else, is Trump’s choice of former Democratic congresswoman Tulsi Gabbard for director of national intelligence. Her pick was first revealed by Trump confidant Roger Stone on his X/Twitter account, according to The New York Times.
Senate Democrats are sure in her confirmation hearing to raise questions about her decision to meet with Syrian president/strongman Bashar al-Assad and her pro-Russian talking points. It will also be a test of whether someone like lame-duck and pro-Ukraine Sen. Mitch McConnell (R-KY) might put up some resistance to Gabbard’s nomination.
Others ... Republican Sens. Lisa Murkowski (AK), Susan Collins (ME) and Todd Young (IN) said prior to the November 5 election they would not vote for Donald J. Trump. Along with someone like McConnell, or if a recount for the Pennsylvania Senate race flips for incumbent Democrat Bob Casey (see below), they could provide resistance against some of Trump's more controversial nominees.
•••
Another Red House – The Associated Press has called House of Representatives’ majority at 218 seats to Democrats’ 208 seats. Nine seats are yet to be determined after last week Tuesday’s elections.
Meanwhile… AP several days ago pegged the Senate’s final numbers at 53 Republicans to 47 Democrats. On Wednesday, the Pennsylvania secretary of state’s office said that a margin of less than 0.5% between Republican candidate for US Senate Dave McCormick and three-term Democratic incumbent Bob Casey has triggered a recount. McCormick has led Casey by as many as 40,000 votes since the elections, but Casey held off on conceding as about 100,000 mail-in ballots had yet to be counted. As of Wednesday, when the recount was automatically triggered McCormick was leading Casey by roughly 28,000 votes out of 6.9 million.
--Compiled and edited by Todd Lassa