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January 20, 2023 (Friday) [Heather Cox Richardson, Letters from an American]

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• Trump dropped a lawsuit against New York attorney general Letitia James after a similar lawsuit yesterday cost him and his lawyer close to a million dollars.
• Trump also backed off on his previous threats to use the debt ceiling to extract concessions from Democrats.
• House Republicans are facing mounting troubles, including Representative Greg Steube’s hospitalization and Representative George Santos’ embarrassing revelations.
• Representative Bill Foster trolled Santos by pointing out the difference between the two parties.
• Representative Jim Jordan has requested information from the Department of Justice, but the DOJ has reminded him that they cannot share information about ongoing investigations.
• The White House has stated that raising the debt ceiling is not a negotiation and that Biden looks forward to discussing strengthening retirement plans and making the wealthy and big corporations pay their fair share.
• Treasury Secretary Janet Yellen is in Africa to urge greater connection between African countries and the U.S. and to build stronger ties than those developed with China or Russia.

Published January 21, 2023
Visit Letters from an American to read Heather Cox Richardson’s original post January 20, 2023 (Friday)

How Not To Handle COVID: Chinese Edition [Peter Zeihan, Zeihan on Geopolitics]

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  • China has always had an issue with information control, with data not matching what they report to the world.
  • China changed their policy to no longer collect data due to COVID, leading to questions about the accuracy of their reports.
  • Vaccines from China have been proven to be ineffective in preventing COVID.
  • It is difficult to predict what is going on in China due to the lack of data and the rapidly changing nature of the virus.
  • It may take up to 6 months to get a better understanding of the virus and the variants circulating in China, and how this will affect the rest of the world.

You can watch the full How Not To Handle COVID: Chinese Edition on YouTube – Published January 20, 2023

 

January 19, 2023 [Heather Cox Richardson, Letters from an American]

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• The US has hit the debt ceiling, and the media is discussing whether Democrats will negotiate with hard-right Republicans who want cuts to domestic spending before raising the debt ceiling.
• Raising revenue to pay for appropriations has historically been the first option, but since 1981, Republicans have made cutting taxes the centerpiece of their economic policy.
• The 2017 Trump tax cuts, especially the cut in the corporate tax rate from 35% to 21%, dramatically increased the deficit without promoting growth.
• The Supreme Court released a statement about the investigation into the leak of the Dobbs v. Jackson Women’s Health Organization decision, but the source of the leak remains unknown.
• Judge Donald Middlebrooks of the United States District Court for the Southern District of Florida ordered Trump, his lawyer Alina Habba, and her law firm Habba Madaio & Associates to pay $937,989.39 for attorneys’ fees and costs after they filed a lawsuit the court found to be “completely frivolous” and a bad-faith use of the court system.
• Representative Adam Schiff (D-CA) introduced a constitutional amendment to the House to overturn the 2010 Citizens United v. Federal Election Commission Supreme Court decision.

Published January 20, 2023
Visit Letters from an American to read Heather Cox Richardson’s original post January 19, 2023

The untimely death of Larry Price Jr. [Judd Legum, Popular Information]

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• Larry Eugene Price Jr., a severely mentally ill man living in poverty in Fort Smith, Arkansas, died in jail after spending a year in pretrial solitary confinement.
• Price was arrested after he began yelling and cursing at officers at the police station, and was charged with “terroristic threatening in the first degree.”
• Price was unable to post bail, and was placed in solitary confinement for 23 hours a day, seven days a week.
• His mental health deteriorated, and he refused to take his prescribed medication. He eventually stopped eating and drinking, and was found unresponsive in a pool of standing water and urine.
• Price’s death is a consequence of systemic issues in the American criminal justice system, including criminalizing poverty and the torture of solitary confinement.
• People with mental illnesses are more likely to be incarcerated than given proper treatment, and many police lack the training to respond to mental health crises.

Published January 19, 2023
Visit Popular Information to read Judd Legum’s original post The untimely death of Larry Price Jr.

January 18, 2023 [Heather Cox Richardson, Letters from an American]

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• The Fair Tax Act, introduced by Representative Earl “Buddy” Carter (R-GA), would replace existing income, payroll, and estate/gift taxes with a flat national sales tax of 30%.
• The bill claims to “promote freedom, fairness, and economic opportunity” but would disproportionately affect those with less money to spend.
• The original Republican Party invented the U.S. income tax and created the precursor to the IRS to collect it, believing that taxes should be “proportionate to [a person’s] ability to pay.”
• The Fair Tax Act is a rejection of the original Republican Party’s principles and would dismantle the federal system that gives Americans “a sense of personal responsibility in the safety and stability of the nation.”
• The bill also provides an option for “qualified” families to get a rebate, but each member of the household must be registered annually with the state and certify that they are all legal residents of the U.S. and not incarcerated.

Published January 19, 2023
Visit Letters from an American to read Heather Cox Richardson’s original post January 18, 2023

Keeping Nukes on the Table [Peter Zeihan, Zeihan on Geopolitics]

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  • North Korea is keeping nuclear weapons as a possibility for future strategic development.
  • The United States has changed the way its military works and is no longer able to protect Global Commerce.
  • Secondary Powers (e.g. China, Brazil, India) are developing their own security policies.
  • South Korea, Japan, Taiwan are all close to having the capacity to develop nuclear weapons.
  • Other countries (e.g. Ukraine, Finland, Sweden, Poland, Romania, Germany, Saudi Arabia) may also go nuclear in the near future.
  • These countries are going nuclear due to a lack of confidence in their ability to win a conventional conflict.

You can watch the full Keeping Nukes on the Table on YouTube – Published January 19, 2023

The true priorities of the global elite [Judd Legum, Popular Information]

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• The World Economic Forum (WEF) is an annual event in Davos, Switzerland, founded by German economist Klaus Schwab, which brings together the global elite to discuss global issues and solutions.
• Critics of the WEF argue that it is a networking opportunity used by the powerful to maintain and expand their wealth and influence, and that documents like the “Davos Manifesto” are meant to mask the true nature of the event.
• The last two years have been an economic windfall for the ultra-wealthy, with the richest 1% capturing almost two-thirds of all new wealth.
• Extreme wealth inequality is a policy choice, with taxes for the highest incomes, capital gains, and inheritance having all plummeted in wealthy countries since 1980.
• Billionaires often use the “buy, borrow, die” strategy to avoid taxation, and Senator Ron Wyden proposed a 23.8% tax on the unrealized capital gains of billionaires, which would have raised $507 billion over 10 years.
• The proposal was abandoned due to opposition from Senators Manchin and Sinema, as well as every Republican Senator, and global corporate taxes have fallen from an average of 47.5% in 1980 to 24.9% today.
• President Biden proposed a modest increase in the corporate tax rate from 21% to 25%, which would have helped fund climate investments and benefits for working families, but Sinema opposed the increase.

Published January 18, 2023
Visit Popular Information to read Judd Legum’s original post The true priorities of the global elite

January 17, 2023 [Heather Cox Richardson, Letters from an American]

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• Kevin McCarthy (R-CA) promised far-right members of his conference committee seats and more power in Congress to persuade them to vote for him, and now they are collecting.
• Marjorie Taylor Greene (R-GA) and Paul Gosar (R-AZ) have been given committee assignments despite their past controversial behavior.
• Vern Buchanan (R-FL) confronted McCarthy for putting McCarthy ally Jason Smith (R-MO) in the spot of chair of the House Ways and Means Committee.
• George Santos (R-NY) was appointed to two committees despite facing pressure to resign due to his campaign lies.
• Republicans are preparing to move forward with an impeachment of Secretary of Homeland Security Alejandro Mayorkas.
• Greene called for the impeachment of President Biden.
• McCarthy has called for Democrats to talk with him about a plan that will permit an increase in the debt limit while cutting Medicare, Social Security, and federal agencies.
• Biden and administration officials say they will not negotiate with the right-wing Republicans who are trying to get their way by holding the government and the global economy hostage.

Published January 18, 2023

Visit Letters from an American to read Heather Cox Richardson’s original post January 17, 2023

Demographics Part 5: The Chinese Collapse [Peter Zeihan, Zeihan on Geopolitics]

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  • Chinese demographic data released earlier this week is extremely concerning: Birth rate is at 1.16, the lowest in their history and the second lowest in human history, and the biggest cities have birth rates below 0.7.
  • The population peaked last year, dropping by 800,000 people.
  • The Chinese government has admitted to overcounting the population by 100 million people over the past 40 years due to the one-child policy.
  • China is now the fastest aging society in human history due to a lack of people under 40.
  • China is highly dependent on global trade and imports for oil, food, and raw materials – making them vulnerable to disruptions in the global economy.
  • If current trends continue, the Chinese demography will dissolve in the next 8-10 years, and there is no economic theory for how an economy might function in this situation.

You can watch the full Demographics Part 5: The Chinese Collapse on YouTube – Published January 18, 2023

The GOP’s bogus war with corporate America [Judd Legum, Popular Information]

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• Kevin McCarthy (R-CA) was elected Speaker of the House of Representatives in January 2023, and Republicans have reportedly embraced populism and are at war with corporations.
• Fox News reported that McCarthy has refused to meet with representatives from the U.S. Chamber of Commerce, and House Republicans have proven to be hostile to corporate interests.
• On February 7, McCarthy will host a mega-fundraiser at the Waldorf Astoria Hotel in Washington, DC, with all proceeds benefiting McCarthy’s reelection campaign, McCarthy’s leadership committee, and the National Republican Congressional Committee.
• Jeff Miller, a member of McCarthy’s inner circle, is the host of the fundraiser and has raised millions for McCarthy’s Super PAC and affiliated non-profit organization.
• Miller is also the founder of Miller Strategies, a federal lobbying firm that represents more than four dozen major corporations, including many of the “”woke”” companies McCarthy is supposedly taking on.
• John Stipicevic, a former McCarthy deputy chief of staff and now Chief Advocacy Officer for CGCN, is a co-host of the fundraiser and is a registered lobbyist for Disney.
• Jim Richards and Ben Howard, both corporate lobbyists, are also co-hosts of the fundraiser.

Published January 17, 2023.

Visit Popular Information to read Judd Legum’s original post The GOP’s bogus war with corporate America

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