Good news too late for Biden? – June’s Consumer Price Index fell to 3.0%, from a 3.4% rate the month before. Month-over-month prices actually fell by 0.1% on the heels of Chairman Jerome Powell’s hints the Federal Reserve may soon ease interest rates. Overall CPI less food and energy was up 3.3%, lowest since April 2021. [CHART: Bureau of Labor Statistics]

Biden His Time – President Biden holds a news conference in Washington Thursday afternoon to wrap up the NATO summit, NPR’s Morning Edition reports. Meanwhile, the future of his re-election bid appear to be at the tipping point, as Peter Welch of Vermont became the first Democratic senator to call for him to withdraw. 

Biden has held the fewest press conferences of any president since Ronald Reagan, according to NPR.

Did I say that out loud?... Actor George Clooney’s warning in his New York Times op-ed that Biden’s cognitive issues also will hand the House and Senate over to Republican control reportedly is shaking up Democratic congressmembers themselves, and Speaker Emerita Nancy Pelosi (D-CA) “hasn’t tried to hide her disdain for the situation the party now finds itself in,” one anonymous lawmaker told Politico Playbook

Meanwhile… Adding to pressure from the Democratic side, the Trump campaign is now looking at a landslide and hope Biden will not drop out, according to Tim Alberta in The Atlantic magazine’s The Decision newsletter. “Donald Trump was well on his way to a 320-electoral vote win before the debate,” campaign co-manager Chris LaCivita told Alberta.

Politico Playbook quotes “about a half-dozen” Democratic lawmakers who say Pelosi told them Biden will not win in November, and aside from her much-parsed statement on MSNBC’s Morning Joe that Biden should make the decision himself, has advised some Democrats in swing districts that they should “secure their own re-elections” even if it means they ask Biden to step aside. 

About time… However, Pelosi’s advice above comes with the warning that they hold off from asking Biden to withdraw from the race until after this week’s NATO summit is finished. 

It’s going to be a long weekend.

--Compiled and edited by Todd Lassa

__________________________________________

AOC: Impeach Thomas, Alito/WEDNESDAY 7/10/24

Rep. Alexandria Ocasio-Cortez (D-NY, above) has filed articles of impeachment against Supreme Court Justices Clarence Thomas and Samuel Alito alleging a "pattern of refusal to recuse from consequential matters before the court in which they hold widely documented financial and personal entanglements" (The Hill).

"Justices Thomas and Alito's repeated failure over decades to disclose that they received millions of dollars in gifts from individuals with business before the court is explicitly against the law. And their refusal to recuse from the specific matters and cases before the court in which their benefactors and spouses are implicated represents nothing less than a constitutional crisis. These failures alone would amount to a deep transgression worthy of standard removal in any lower court, and would disqualify any nominee to the highest court from confirmation in the first place," she said in a press release.

BIDEN AND NATO'S 75TH

Zelenskyy Addresses NATO – Ukrainian President Volodymyr Zelenskyy told the meeting of NATO members gathered in Washington for the alliance’s 75th anniversary that American missiles and permission to fire them across the border into Russia helped his military hold off an attack on the city of Kharkiv, and for thus stopping a Russian offensive this spring, The New York Times reports. But he requested the lifting of other restrictions to allow Ukraine to fire at military bases hundreds of miles inside Russia to destroy aircraft and weapons being dropped on his country’s civilians and children. 

‘Trump-proof’… At Washington’s convention center, policymakers moved control of major elements of aid to Ukraine to NATO’s “umbrella” from the US in order to “Trump-proof” the military alliance (The Washington Post). Whether Joe Biden or Donald J. Trump wins the November election, “Putin will hate him,” Zelenskyy said at the conference (NYT).

Meanwhile, on MSNBC… Appearing on Morning Joe with Belarusian political activist Svetlana Tikhanovskaya, with whom she penned a Washington Post op-ed, House Speaker emeritus Rep. Nancy Pelosi (D-CA) was asked to comment on whether Biden should remain in the presidential race. Pelosi gave the non-answer answer; “It’s up to the president to decide if he’s going to run.” Of course, Biden has decided, and the primary delegates he won are his to give up. 

Pelosi’s WaPo op-ed with Tikhanovskaya is titled, “NATO is a bulwark against tyranny,” subtitle, “Facing down dictators such as Vladimir Putin and (Belarus’) Alexander Lukashenko is what the alliance was built for.”

•••

Hollywood Dissent -- Actor George Clooney, who hosted a star-studded Los Angeles fundraiser for President Biden in June is now asking him to step down from the campaign in a New York Times op-ed.

"I love Joe Biden. As a senator. As a vice president and as a president," Clooney writes. "I consider him a friend, and I believe in him. Believe in his character. Believe in his morals. In the last four years, he's won many of the battles he's faced.

"But the one battle he cannot win is the fight against time. ... It's devastating to say it, but the Joe Biden I was with three weeks ago at the fund-raiser was not the Joe "big F-ing deal" Biden of 2010. He wasn't even the Joe Biden of 2020. He was the same man we all witnessed at the debate."

--TL

__________________________________________

TUESDAY 7/9/24

Biden Bites Back – President Biden has support of his continued re-election campaign by Senate Majority Leader Chuck Schumer (D-NY), House Minority Leader Hakeem Jeffries (D-NY) and Sens. John Fetterman (D-PA) and Alex Padilla (D-CA), The Washington Post reports Tuesday morning. Democratic senators were to discuss Biden’s debate debacle and what to do about his defiance in remaining in the presidential race at their weekly luncheon Tuesday.

Meanwhile, NATO… Tuesday evening in Washington, Biden is to give a commemorative speech at the 75th anniversary of the North Atlantic Treaty Organization, with leaders from its member countries (WaPo).

Meanwhile, Ukraine… “Poorly trained” Russian forces are unlikely to make “significant” territorial gains in a Ukraine that finally has been reinforced with fresh Western munitions, The New York Times reports ahead of NATO’s 75th celebration, citing US officials. 

•••

Neurologist’s Visits – White House visitor logs show Dr. Kevin Cannard, expert on Parkinson’s disease from the Walter Reed National Military Medical Center, visited the White House eight times in eight months up to this spring, The New York Timesreports. At least one of the meetings was with President Biden’s physician. 

After Press Secretary Karine Jean-Pierre “dodged” and refused to reply to questions about the president’s health, White House physician Dr. Kevin O’Connor released a statement at 9:40 p.m. Monday that Biden had not seen a neurologist “outside his annual physical” and suggested most of those eight visits were to others working in the White House.

•••

MAGA in Milwaukee – The Republican National Committee released the 2024 Republican Party Platform Monday from Milwaukee, where the national convention that will formally nominate Donald J. Trump as its presidential candidate begins next week. The document reflecting “20 GOP Principles, Roadmap to Make America Great Again” calls for, number one, to “seal the border, and stop the migrant invasion,” and two, to “carry out the largest deportation operation in American history.”

Number three; “End inflation, and make America affordable again.”

Number four is to “make America the dominant energy producer in the world, by far!”, answering the Democratic argument that the US already is the world’s largest oil exporter … but with OPEC still hanging on, not yet “by far.”

Five, “Stop outsourcing, and turn the United States into a manufacturing superpower.”

Six, “Large tax cuts for workers, no tax on tips!”

Seven, “Defend our Constitution, our bill of rights, and our fundamental freedoms, including freedom of speech, freedom of religion, and the right to keep and bear arms.”

Eight, “Prevent World War Three, restore peace in Europe and in the Middle East, and build a great iron dome missile defense shield over our entire country – all made in America.”

Number nine, almost the halfway point, is to “end the weaponization of government against the American people.”  

Read all 20 planks of the platform here.

The platform’s press release concludes with “When America is united, confident, and committed to our principles, it will never fail,” and “Today and together, with Love for our Country, Faith in People, and Trust in God’s Good Grace, we will Make America Great Again!”

•••

Defund Justice? – The fiscal year 2025 Commerce-Justice-Science spending bill is up for markup Tuesday in the powerful House Appropriations Committee, where Republicans hope to “handcuff” the Department of Justice with riders preventing it from suing states over laws that limit abortion, curtail court challenges to state redistricting plans and block it from bringing lawsuits against local or state governments that limit “transgender medical procedures,” CQ Roll Call reports.

None of this will get far in the Democratic-controlled Senate or the Biden White House, of course, though it would give voters a clear roadmap of what a 2025 Trump White House and GOP-controlled Senate would look like.

--Compiled and edited by Todd Lassa

_____
COMMENTS: editors@thehustings.news

[CPI at 3.2% -- As some economists (and the Biden campaign) eagerly anticipate an interest rate cut by the Federal Reserve sometime this year, the Consumer Price Index has ticked up to 3.2% in February, from an annual rate of 3.1% in January, the Labor Department reports. That’s the wrong direction from the Fed’s target 2% rate. The month-over-month increase was 0.4%, with shelter and gas accounting for 60% of the increase. Energy was up 2.3%, while food, and food at home, was unchanged.]

IDES OF MARCH 2024

Fulton County, Georgia – Atlanta Judge Scott McAfee ruled Friday morning that Fulton County District Attorney Fani Willis can remain on the election interference case against Donald J. Trump, but only if her former romantic partner, Nathan Wade, withdraws from the case …

Mar-a-Lagogate – U.S. District Judge Aileen Cannon appears to have handed prosecutors in the confidential documents case against Trump a win by ruling against the ex-president’s attorneys’ motion that the Espionage Act behind the indictments are “unconstitutionally vague.” However, Newsweek notes that Trump appointee Cannon instructed his attorneys in the ruling that they should bring up the “unconstitutionally vague” argument in “connection with the jury instruction briefing” …

Hush Money Case – New York District Attorney Alvin Bragg says his office is willing to delay Trump’s hush money case after receiving late evidence from the U.S. attorney’s office, to give defense attorneys sufficient time for review. The trial was scheduled to begin March 25, and may now be delayed by 30 days.

--TL

•••

The Schumer-Netanyahu Split – After Senate Majority Leader Chuck Schumer (D-NY) called for new Israeli elections on π day Thursday in frustration over Prime Minister Benjamin Netanyahu’s intransigence on a ceasefire in Gaza, Minority Leader Mitch McConnell (R-KY) took to the Senate floor to “remind” Schumer that Israel is not an American colony, calling his remarks “grotesque” and “unprecedented” (per Punchbowl News).

But just as Netanyahu’s hard-right coalition continues to consider Palestinians and their Hamas “leadership” in Gaza one and the same, so too do the staunchest U.S. supporters of Netanyahu refuse to distinguish between the Israeli government and the Jewish people. This despite the fact that even before the vicious, horrible Hamas attack October 7, Netanyahu was long-resistant to a two-state solution with Palestinians in Gaza.

Meanwhile ...

Gaza's health ministry has accused Israel's military of firing on Palestinians awaiting aid in Gaza, killing 20 and injuring 150, The Guardian reports. The Israeli military denies the reports.

Influencing our November election

In trying to save his own power, Netanyahu has helped to throw the November U.S. presidential election to Donald J. Trump, and he knows it. Biden has ceded substantial votes to “uncommitted” in the Michigan and Minnesota Democratic primaries as he tries to negotiate a ceasefire in Gaza in vain. 

While Biden has known Netanyahu for a very long time, going back to his time in the Senate, Trump and Netanyahu had a closer relationship during the Trump administration – until Netanyahu congratulated Biden for his victory in 2020, which of course led Trump to criticize the Israeli prime minister for his “disloyalty.”

If Netanyahu continues to reject ceasefire in Gaza (it is necessary to note that Hamas has done very little to help, either) the Israeli prime minister might very well be able to make it up to Trump by congratulating him this November.

--Analysis by Todd Lassa

____________________________________________

THURSDAY π Day 2024

Schumer Calls for Israeli Elections -- Senate Majority Leader Chuck Schumer (D-NY), wants Israel to hold new elections, saying its prime minister, Benjamin Netanyahu, has "lost his way" (per The Hill). "As a lifelong supporter of Israel, it has become clear to me: The Netanyahu coalition no longer fits the needs of Israel after October 7," Schumer continued. "The world has changed -- radically -- since then, and the Israeli people are being stifled right now by a governing vision that is stuck in the past."

•••

VP to Abortion Clinic -- Vice President Kamala Harris visits a Twin Cities, Minnesota abortion clinic Thursday, Axios reports, a first-ever such appearance by a sitting veep according to the White House. 

•••

Meanwhile, in Ft. Pierce, Florida – Trump-appointed U.S. District Judge Aileen Cannon holds a hearing Thursday morning on two of the ex-president’s requests to dismiss his 40-count federal indictment in Mar-a-Lagogate. Donald J. Trump’s attorneys claim the section of the Espionage Act accusing him of mishandling classified documents and obstructing federal officials’ attempts to get them back to the National Archives Washington is “unconstitutionally vague as applied to President Trump,” The Washington Post reports. 

Meanwhile, in Fulton County, Georgia: Superior Court Judge Scott McAfee Wednesday dismissed three of 13 counts against Trump in the election interference case (per WaPo). Prosecutors may refile the charges, however.

•••

Schumer's Watch is Slow – The Senate may take its time in taking up the House bill passed Wednesday, 352-65, that would force ByteDance to sell its U.S. interest in TikTok, or face some sort of blockage or shutdown in the country. 

“The Senate will review the legislation when it comes over from the House,” CQ Roll Call quotes Senate Majority Leader Chuck Schumer (D-NY). 

This, despite obvious House urgency for the bill sponsored by Select China committee chair Mike Gallagher (R-WI) and ranking member Raja Krishnamoorthi (D-IL). 

Not on Warner's watch: From its interview with Sen. Mark Warner (D-VA), Semafor has a much different take on the upper-chamber's timing on the TikTok bill. "We're going into a 24-hour election cycle, where literally millions of Americans get a lot of their news from this site," said the chairman of the Senate Select committee. "And if that can be manipulated against American interests -- I don't care whether you're Democrat or Republican, that is not in America's interests."

The Trump factor: Politico reports of worry that billionaire Jeff Yass, who has a 15% stake in TikTok, has influenced Trump’s flip-flop on the issue, as he has since objected to removing the social media platform from the nation. Former Trump administration Senior Counselor Kellyanne Conway has signed on with Club for Growth to counter the push to ban TikTok on national security concerns. 

Our take: Two things. A.) It’s a notable shift if the Senate, and not the House, takes up Trump’s cause. But after all, Minority Leader Mitch McConnell (R-KY) is now a solid Trump backer. B.) If ByteDance is forced to sell TikTok to an American entity or face shutdown, wouldn’t Yass be in the catbird seat to buy up the 85% he doesn’t already own?

--TL

____________________________________________

Tick...Tick...Tick...

WEDNESDAY 3/13/24

Rrrrring -- The House passed HR 7521 Wednesday morning, 352-65, (per The Hill) that would force ByteDance to divest U.S. interest in TikTok within 165 days. That clock doesn't start ticking until the Senate passes the bill. President Biden, whose re-election campaign has used the social media platform to reach young voters, is in favor of the bill and presumably will sign it.

How to Stop a Clock – The House is expected to pass HR 7521 Wednesday, the Protecting Americans from Foreign Adversary Controlled Applications Act, which would force China’s ByteDance to divest its U.S. interest in TikTok within 165 days over national security concerns, or face shut-down here. This, even though the House needs two-thirds majority to fast-track suspension of rules procedures that the Republican leadership plans to use, Punchbowl News reports, and even though the leader of the GOP, Donald J. Trump, has reversed his position calling for the social media phenomenon’s removal.

TikTok flip-flop: Much has been speculated about Trump’s reversal on TikTok. He proposed a ban in 2020, but more recently said that its shut-down here will give more power to Facebook, which a 2022 “documentary” blames for Trump’s 2020 re-election loss. One theory that sticks out more than most is that billionaire Jeff Yass, who has a “huge financial stake” in ByteDance according to Axios, has invited Trump to a retreat by Club for Growth, a conservative group that also opposes the ban. Yass has previously contributed $4.9 million to Vivek Ramaswamy’s campaign.

Bonus social media gossip: Trump last summer asked The World’s Second-Richest Man Elon Musk whether he wanted to buy Truth Social, The Washington Post scoops Wednesday morning, citing two people “with knowledge” of the matter. Musk apparently demurred, but the conversation indicates an even closer relationship between the 91-times indicted ex-president and the owner of X than previously known.

•••

It’s … Trump v. Biden – In sports terms, the 2020 race would be Biden v. Trump, but however you put it, November’s presidential election is a rerun of the last. Ex-President Trump and President Biden both clinched their parties’ nominations Tuesday, winning primaries in Georgia, Mississippi and Washington. In addition, Donald J. Trump took the Hawaii Republican primary (Biden earlier won the state). 

Georgia on my mind: Pundits point to Georgia, the state where Trump begged for 11,780 extra votes in ’20. While Biden took 95.2% of the Democratic vote (Marianne Williamson, 3%, Rep. Dean Phillips, 1.8%) Trump took 84.2% of the Republican vote, with 13.2% going to Nikki Haley and 1.3% to Ron DeSantis. 

Democrats shouldn’t get too excited, though: Republican voter turnout in Georgia was more than twice that for the Democratic Party.

History: November will mark the seventh time in U.S. history that the two major party candidates will be the same as in the previous election. For those of you who are about to be contestants on Jeopardy! here are the previous six, according to Pew Research:

1952 and 1956: Dwight D. Eisenhower v. Adlai Stevenson.

1896 and 1900: William McKinley v. William Jennings Bryan.

1888 and 1892: Grover Cleveland v. Benjamin Harrison.

1836 and 1840: Martin Van Buren v. William Henry Harrison.

1824 and 1828: John Quincy Adams v. Andrew Jackson.

1796 and 1800: John Adams v. Thomas Jefferson.

•••

Not With Hur --  Perhaps it’s a sign of how well Robert K. Hur, special counsel on President Biden’s documents case, did his job that both Democrats and Republicans took shots at him in a congressional hearing Tuesday. Hur argued that he did not “exonerate” Biden in his report, and he defended his questioning of Biden’s memory, according to The Washington Post.

“I did not exonerate him. The word does not appear in the report, congresswoman,” he told Rep. Pramila Jayapal (D-WA).

Rep. Tom Tiffany (R-WI) called him “part of the Praetorian Guard” preserving the Washington “swamp.”

Responding to a question by Rep. Eric Swalwell (D-CA) on the federal documents case against Donald J. Trump; “Sir, I’m not here to express any opinion with respect to a pending case against another defendant.”

You can read Hur's full report for the U.S. Department of Justice here.

--TL

____________________________________________

TUESDAY 3/12/24

Buck Out -- Rep. Ken Buck (D-CO) said last year he would not run for rr-election this November. On Tuesday, he told reporters he can't wait that long to leave.

"This place just keeps going down, and I don't want to spend my time here," Buck said (per The Hill). The 65-year-old congressman often breaks from his party on various issues, and has criticized Trumpian election denial. With his unexpected early departure, the GOP now has 218 members to 213 House Democrats.

•••

Tuesday’s Primaries – Georgia is the big one for both Democrat Joe Biden and Republican Donald J. Trump. There are also primaries in Mississippi, Washington and the Northern Mariana Islands, with Hawaii holding GOP caucuses, per U.S. News & World Report. The organization Democrats Abroad also hosts a primary.

•••

Biden Budget v. House GOP – The Biden administration proposes a $7.3 trillion budget for fiscal year 2025, up 4.7% from this year, but with tax raises on corporations and the wealthiest Americans to cut the deficit by $3 trillion over the next decade (per USA Today). The proposal would restore the child tax credit from the American Rescue Plan, launch a program for affordable, high-quality childcare available from birth to kindergarten and provide new mortgage relief for home buyers. 

The White House’s budget is a wish list that will get lots of attention by both the Biden campaign and the Trump campaign between now and November (as Congress likely extends this fiscal year’s budget past its September 30 end), as will an alternate proposal just passed by the GOP-led House Budget Committee, according to the Huffpost. That “budget blueprint” for 2025 would shrink the deficit by $14 trillion over the next decade while extending the Trump tax cuts, which expire next year. HuffPost says “vulnerable” congressional Republicans are balking at taking a full House vote on what would be the first such Republican alt-budget to hit the floor since 2014.

--TL

____________________________________________

MONDAY 3/11/24

Orban Explains All -- Fresh back in Budapest from his visit to Mar-a-Lago, Hungary's authoritarian prime minister, Viktor Orban, explained how Donald J. Trump will end the war in Ukraine if he is returned to the White House.

"He will not give a penny in the Ukraine-Russian war," Orban told Hungary's M1 TV channel, according to the BBC. "That is why the war will end. ... If the Americans don't give money and weapons, along with the Europeans, then this war is over. And if the Americans don't give money, the Europeans alone are unable to finance this war. And then the war is over."

We have been warned.

•••

Sweden became NATO's 31st member nation Monday morning, NPR reports, after decades resisting joining the Western military alliance. Sweden and Finland applied for membership in May 2022. Finland joined last year, but Sweden had faced opposition from Turkey and Hungary.

•••

Trump Mocks Biden’s Stutter – After generally favorable reviews of his State of the Union address last Thursday for its display of the president’s energy if nothing else, Joe Biden’s stutter has become the subject of Donald J. Trump’s ridicule beginning with a rally in Georgia Sunday. Trump infamously mocked a New York Times reporter for his upper-body disability back in 2015, but this is his first such attack on Biden’s lifelong speech impediment. 

What stands out about this to John Hendrickson, himself a stutterer, writes in The Atlantic is, “the sound of Trump’s supporters laughing right along with him. This is a building block of Trumpism. The man at the top gives his followers to be the worst version of themselves.”

•••

Oscar Speech – Mystyslav Chernov, one of three filmmakers of 20 Days in Mariupol to win the Academy Award for Documentary Feature Film Sunday night said in his acceptance speech he wishes he could exchange his Oscar statue for “Russia never Invading Ukraine.” At last year’s Academy Award ceremony Navalny took home the Oscar for the same category. Its subject, Aleksei Navalny, who died under suspicious circumstances at a Russian prison last month, led the Oscar broadcast “death reel.”

Pope chimes in on Ukraine: Pope Francis "sparked anger" last weekend after he said Ukraine should have the "courage of the white flag" and negotiate the end of the war with Russia, CNN reports. On X, Business Ukraine magazine responded with the post that the Pope "might want to consider the famous words of South African Archbishop Desmond Tutu on, "neutrality"; "If you are neutral in situations of injustice, you have chosen the side of the oppressor. If an elephant has its foot on the tail of a mouse and you say that you are neutral, the mouse will not appreciate your neutrality."

•••

ICYMI – After all the hand wringing and folderol about the current fiscal year budget, its can having been kicked by continuing resolutions several times since last October, the Senate passed a $460 billion bill, 75-22 last Friday to avert a partial government shutdown (per The New York Times). Congress now has to March 22 to pass the other half of the federal budget. On Monday, President Biden unveiled his federal budget proposal for the coming fiscal year, which begins October 1.

•••

Up on the Hill – Both the full House and the full Senate are in session Monday through Wednesday. The Senate only is in session Thursday.

--Compiled and edited by Todd Lassa

_____
COMMENTS: editors@thehustings.news

FRIDAY 3/17/23

(U.S. European Command has released de-classified video footage of a Russian Su-27 “conducting an unsafe/unprofessional intercept of a U.S. Air Force MQ-9 in international airspace over the Black Sea…” Russian aircraft spilled fuel on the MQ-9 drone before an Su-27 caught its propeller and forced European Command to down it. See the released footage here:https://www.eucom.mil/article/42318/media-advisory-camera-footage-release-from-us-air-force-mq-9-interaction-with-russian-su-2)

Slovakia Joins Poland – Slovakia becomes the second NATO country to provide warplanes to Ukraine for its defense against Russia’s invasion. It will send 13 MiG-29 jets to Ukraine. Earlier this week, Poland announced it will send four of the Soviet-era warplanes to the country. According to The Kyiv Independent, Ukrainian Prime Minister Eduard Heger said the jets will be used to protect the country’s skies and “not to carry out attacks against Russian military.”

Meanwhile: Beijing has announced Chinese leader Xi Jingping meets with Vladimir Putin in Moscow next week (per NPR).

•••

Truth Social Money Laundering Probe – Top executives of Truth Social became concerned last spring about “opaque entities in two emergency loans” to Donald J. Trump’s struggling social media site, The Guardian reports, citing “documents, emails and sources familiar with the matter.” The U.S. attorney’s office for the Southern District of New York is investigating yet another potential crime in connection with the former president, in a scoop by The Guardian earlier this week. 

The two “emergency loans” include $6 million from the ES Family Trust in February 2022 (the month Russia invaded Ukraine), the trustee of which turns out to be a director of Paxum Bank, a part-owner of which is a relative of a Putin ally. The first of the two loans came in December 2021 from Paxum Bank, which is registered in Dominica.

Trump, Meanwhile, Defends Russia: In a video he released Thursday, Trump said, “the greatest threat to Western civilization today is not Russia,” per another UK-based newspaper, the Daily Mail, “it’s probably more than anything else ourselves and some of the horrible, USA-hating people.”

•••

Other Banks Save First Republic – Eleven banks led by JP Morgan Chase, Citigroup, Bank of America and Wells Fargo & Co. have deposited $30 billion into First Republic to save the San Francisco bank. The bailout includes $2.5 billion each from Morgan Stanley and Goldman Sachs, and The Wall Street Journal reports that First Republic executives sold $11.8 million in stock in the two months leading up to the bank’s crash, at an average price of nearly $130 per share.

Executive Chairman James Herbert II was among the bank’s executives who sold shares before First Republic stock fell to $34.27 per share and credit-rating agency S&P Global downgraded the bank four notches to “junk” status. WSJ notes that insider stock sales at banks are exempt from normal disclosure rules.

•••

We welcome your civil comments. Become a Citizen Pundit with an email to editors@thehustings.news on any recent issues, and note whether you lean left or right in the subject line.

--TL

_____________________________________________

THURSDAY 3/16/23

Ukraine to Get Warplanes – Poland will provide Soviet-made MiG-29 fighter jets to Ukraine, President Andrzej Duda said at a news conference Thursday (per The Washington Post). Poland is the first NATO nation to provide fighter jets, long requested by Ukraine after Russia’s invasion more than a year ago.

•••

TikTok ... Time Out? – The Biden administration demands that Chinese-owned TikTok be sold to avoid a potential ban in the United States, according to NPR’s Morning Edition. It is not clear whether federal officials have set a deadline for such a sale, the report says. 

The Committee on Foreign Investment in the U.S. (CFIUS) has been examining for two years whether U.S. data collected by TikTok are properly safeguarded from employees of the social media site’s Beijing owner, ByteDance. TikTok has commited $1.5 billion to its “Project Texas,” in which U.S.-based Oracle is to build a firewall to ensure security for users in the U.S. 

The Trump administration had attempted to put TikTok out of business, NPR notes, but efforts were halted by federal courts.

•••

Banking “Remains Sound” – Treasury Secretary Janet Yellen will tell the Senate Finance Committee Thursday the U.S. banking system “remains sound” and promote the government’s “decisive and forceful actions” to shore up confidence, Axios reports. 

Meanwhile: Credit Suisse will borrow up to $54 billion from Switzerland’s central bank. Shares in Credit Suisse momentarily plunged 25% Wednesday after Saudi National Bank indicated to other European banks it would no longer support the Swiss bank.

--Compiled and edited by Todd Lassa

_____
COMMENTS: editors@thehustings.news

WEDNESDAY 1/25/23

Tanks to Ukraine – Germany will now deliver a supply of its Leopard 2 tanks (above) to Ukraine to support its effort to push back Russian forces. The NATO country initially had resisted sending its own tanks in favor of Poland delivering its German-made Leopard 2s, but an apparent reversal by the Biden administration on sending American-made M1 Abrams tanks prompted Germany’s decision, The Recount says.

Strategy: The Leopard 2 tanks are considered more crucial to Ukraine’s defense against Russia in that they’re much easier to train on and better-suited for Ukrainian terrain. 

Meanwhile, Zelenskyy Tackles Corruption: Ukrainian President Volodymyr Zelenskyy has removed “nearly a dozen” top officials to contain a number of corruption scandals as the West continues to send military and humanitarian aid. The Wall Street Journal notes that corruption under Zelenskyy’s administration is “small compared with the previous Ukrainian governments – some accused of stealing billions of dollars in public funds…” 

U.S. Aid Last Year: The White House approved about $48 billion in aid to Ukraine in 2022, the Council on Foreign Relations says https://www.cfr.org/article/how-much-aid-has-us-sent-ukraine-here-are-six-charts

Republican Resistance: House Speaker Kevin McCarthy (R-CA) has said his caucus is not interested in writing a “blank check” to Ukraine, which seems as much a nod to sympathy among MAGA-right Republicans for Russian President Vladimir Putin as it is more traditional GOP fiscal conservatism.

--Compiled and edited by Todd Lassa

_____
COMMENTS: editors@thehustings.news

(WED 11/16/22)

It’s Official: GOP Wins House – Republican Mike Garcia defeated Democratic challenger Christy Smith to win California’s 27th District House seat Wednesday, the AP reports, to finally give the GOP the majority in the lower chamber it had expected to come much more easily a week earlier. Garcia’s victory puts the House count at 218 Republicans and 211 Democrats, per The New York Times, with six more seats to call. 

Reddish Trickle: The GOP House margin, which will be anywhere from one to 14 seats -- though more likely between five and seven -- is good enough for the party’s first declared 2024 presidential candidate, Donald J. Trump. The jury was still out 24 hours after Trump’s Mar-a-Lago announcement on whether his fall from party leadership finally is over. Rupert Murdoch’s news empire is sticking to its guns so far – Sean Hannity even broke away from the drone of Trump’s “low energy” speech, and ABC News’ Jonathan Karl reported that Mar-a-Lago security had to keep several in the gaga-for-MAGA crowd from leaving his speech early. 

Why would GOP leadership break up with Donald J. Trump this time, and not after three election losses – the House in 2018, the presidency and Senate in 2020 and essentially both chambers this year (and his only win was by electoral count, not popular vote) – as well as two impeachments, one insurrection, and an FBI seizure of top secret documents? 

Consider that when Mitt Romney lost, miserably, in his bid to unseat President Obama in 2012, the GOP conducted an “autopsy” on the party’s apparent lack of popularity.

The answer, my friend, is blowin’ in Florida’s winds, where Gov. Ron DeSantis offers the party sanctuary, and he won’t fly you on a chartered airplane to get there.

Meanwhile, McConnell Holds: SCOTUS- and federal court-crusher Sen. Mitch McConnell (R-KY) won over his party’s caucus to remain minority leader, with 37 votes to Sen. Rick Scott’s (R-FL) 10 votes. One Republican voted “present” in the secret ballot held in the Old Senate Chamber according to Politico, which adds that Scott sent out a memo during the vote accusing the outgoing National Republican Senatorial Committee, led by Indiana’s Todd Young, for distributing “hundreds of thousands of dollars of unauthorized and improper bonuses to staff.”

McConnell has been GOP leader for nearly 16 years, and when asked whether he might soon consider stepping down, he told reporters “I’m not going anywhere” (Politico again). 

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Senate Moves to Codify Same-Sex Marriage – The Senate Wednesday passed a procedural provision, 62-37, to advance a same-sex marriage bill that could reach its final vote this week, per Roll Call. The bill would repeal the 1996 Defense of Marriage Act, which was ruled largely unconstitutional by the Supreme Court in a 2013 decision. The bill “will not take away or alter any religious liberty,” said Sen. Tammy Baldwin (D-WI), chief negotiator and the first openly gay U.S. senator. 

Among the 12 Republican senators voting to advance the bill was its primary GOP sponsor, Susan Collins, of Maine. It is the first among several bills the lame duck Congress will take up in a rush to beat the end of its 117th session.

--Compiled and edited by Todd Lassa

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Trump Trumps, Again

(WED 11/16/22)

It’s 2015 again, with the fabulosity of Mar-a-Lago – where FBI agents seized top secret government documents just three months ago -- substituting for Trump Tower’s Golden Elevator. Some 20 minutes after beginning his speech – which came off sounding like a low-key MAGA-hat rally in which he described the magnificent success of his administration and the dismal failures of his successor -- Donald J. Trump announced his third bid for president of the United States. 

“In order to make America great and glorious again tonight I am announcing my candidacy for president of the United States.” Though Trump did not conjure up his Big Lie that the 2020 election was stolen from him, he did suggest China had somehow meddled in the 2022 midterms. And the GOP did win the midterms thanks to Trump’s involvement, he suggested, but Republican leaders had overblown expectations they would win 40 House seats. 

Trump threw in this statement, devoid of any irony or self-awareness: “This will not be my campaign. This will be our campaign.”

Biden on Strike on Poland: Before Trump in his very big announcement could blame on the current president a missile that struck Poland – he perversely suggested that Russia would not have invaded Ukraine had he still been in office – Biden spoke at the G20 summit in Bali, Indonesia, telling reporters “there is preliminary information that contests that … it’s unlikely given the trajectory that it was launched from Russia.“ It has been identified as a Russian missile, however, and it killed two people in rural Poland. In discussions with Polish President Andrej Duda and NATO Secretary General Jens Stoltenberg, Biden says the U.S. has offered support to Poland’s investigation “and we need to determine exactly what happened.”

--Todd Lassa

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COMMENTS: editors@thehustings.news