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the military is now attempting to grow its presence on other platforms. Readability mode is unavailable for this webpage. Please visit cache page or original page Top - A + ==== Serif ====PT SerifMerriweatherMartelNoto SerifSlabo 27pxAndadaLoraRoboto Slab== Sans Serif ==Source Sans ProOpen SansLato

U.S. tech giant Facebook has now banned all pages linked to Myanmar’s army - and has itself been banned.

Along with the court order, the attorney general is asking for policy reforms, as well as a monitor to be installed to oversee the NYPD's tactics and handling of future protests.

The NYPD has been sharply criticized over a number of its officers' actions in the past year. Last May, police SUVs were shown in a video of a protest in Brooklyn, surging into a crowd that had surrounded them. In another incident, an officer drew his gun and pointed it at a crowd of people.

The police actions broke state and federal law, James says. The lawsuit alleges that New York City, Mayor Bill de Blasio, NYPD Commissioner Dermot Shea and NYPD Chief of Department Terence Monahan "failed to prevent and address the pattern or practice of excessive force and false arrests by officers against peaceful protesters in violation of the First, Fourth, and Fourteenth Amendments of the United States Constitution"

The NYPD did not immediately respond to a request for comment. After the lawsuit was filed, the Police Benevolent Association of the City of New York issued a statement blaming the city's leadership for the problems at the protests.

James announced the lawsuit against the NYPD Thursday morning, in a virtual news conference that began shortly before New York Gov.

Last June, the NYPD suspended at least two officers for their behavior during protests, including an officer who was captured on video pushing a woman to the ground in Brooklyn. Another officer was punished for "pulling down an individual's face mask in Brooklyn and spraying pepper spray at him,

Human Rights Watch, an independent watchdog group, issued a report last year on the police misconduct in Brooklyn which said that clearly identified medics and legal observers were among those zip-tied and beaten by police, in a response to the protest which was "intentional, planned, and unjustified."

The lawsuit says the police department sent thousands of poorly trained officers to cope with large-scale protests, resulting in mass arrests and attempts to suppress demonstrations. It also says the NYPD made a practice out of "kettling" – corralling people by using physical force and obstructions – to arrest protesters rather than allow crowds to disperse.

A Minnesota judge ruled this week that Derek Chauvin, the former police officer who kept his knee on Floyd's neck for several minutes, will stand trial alone when proceedings begin in March. Chauvin is charged with second-degree murder and manslaughter. Readability mode is unavailable for this webpage. Please visit cache page or original page Top - A + ==== Serif ====PT SerifMerriweatherMartelNoto SerifSlabo 27pxAndadaLoraRoboto Slab== Sans Serif ==Source Sans ProOpen SansLato

China’s technocrats have, to date, demonstrated competence in managing the economy’s imbalances.

Mainland China has delivered significant extra returns -- 87 basis points a year more than the mighty S&P -- for anyone willing to hack the wild volatility

“On balance,” Adam sums up, “If you want to be part of history-making economic transformation, China is still the place to be.”

The third point is where we disagree. We just don’t see China as having any good options for maintaining strong growth. 

we think China’s underlying growth story is coming to an end as the country’s economic imbalances become unsustainable and global decoupling picks up steam. The volatility and low valuations, on the other hand, are likely here to stay. 

Replace bad investment with domestic consumption. 

What imbalances are we talking about? In crude summary, China’s growth has been driven by debt-funded investment, especially in property and infrastructure. The problem is that the returns on these investments are in fast decline, even as debt continues to build up.

This can’t go on forever. Eventually, you have all the bridges, trains, airports and apartment blocks you need, and the return on new ones falls below zero (How do you know that you have arrived at that point? When you have a financial crisis).

The problem is that without a healthy consumer, China’s only real options to create growth are investment and exports -- and at the same time as return on internal investments are declining, the rest of the world, led by the US, are increasingly wary of dependence on Chinese exports. 

What are China’s policy options? Broadly, there are five, as Micheal Pettis explained to us:

Stay with the current model.

Replace bad investment in things like infrastructure and real estate with good investment in things like tech and healthcare.

Beijing has policy options.

Replace bad investment with (even) move exports and a wider current account surplus.

Just quit it with the bad investment. 

we think that options 1 and 5 are not really options at all. The current model will lead to a financial crisis as return on investment falls further and further behind the costs of debt. Simply ceasing to overinvest in infrastructure and real estate, without changing anything else, will simply kill growth. 

Option 2 might be summed up -- as Jason Hsu of Ralient Global Advisors summed it up to us -- as China becoming more like Germany.

The idea is that China would steer more and more money away from real estate and towards high value-add sectors from biotech to chip manufacturing. 

The problem with option 2 is that investment is such a huge part of the Chinese economy that it is difficult to see how that the capital could be efficiently allocated to the country's tech-heavy, high value-add sectors, which are comparatively small

The most promising Chinese firms are swimming in capital as it is. And developing productive capacity isn't just about capital. It takes things the state can't rapidly deploy, like knowhow and intellectual property.

Option 3 is more promising. China could start, as Adam suggests, by building up a proper welfare safety net. But it is reasonable to expect pretty serious social and institutional resistance to this sort of mass redistribution.

why hasn’t China increased its welfare state until now? Longtime China watcher and friend of Unhedged George Magnus suggests it is because of a deep bias in the Chinese policy establishment. “It’s how Leninist systems operate: they think production and supply are everything … if you see a demand problem as a supply problem, you get the wrong answers.”

Option 4, increasing exports’ share of China’s economy even further, may be in the abstract the most appealing. But it runs directly into the fact that both China and the US and its allies have reasons to reduce mutual dependence on their economies.

The emergence of geopolitical divisions between the west, on the one hand, and Russia and China, on the other, will put globalisation at risk. The autocracies will try to reduce their dependence on western currencies and financial markets. Both they and the west will try to reduce their reliance on trade with adversaries. Supply chains will shorten and regionalise… 

Russia must remain a pariah so long as this vile regime survives. But we will also have to devise a new relationship with China. We must still co-operate. Yet we can no longer rely upon this rising giant for essential goods. We are in a new world. Economic decoupling will now surely become deep and irreversible.

In all, the most likely scenario is that China’s growth just keeps slowing. That does not mean that investors in China will necessarily lose money. But it does suggest that generic China exposure -- simply owning Chinese equity or credit indices -- is going to be a losing proposition in the long-term

Some experts displayed a top-down style of reasoning: politics as a deductive art. They started with a big-idea premise about human nature, society, or economics and applied it to the specifics of the case. They tended to reach more confident conclusions about the future. And the positions they reached were easier to classify ideologically: that is the Keynesian prediction and that is the free-market fundamentalist prediction and that is the worst-case environmentalist prediction and that is the best case technology-driven growth prediction etc. Other experts displayed a bottom-up style of reasoning: politics as a much messier inductive art. They reached less confident conclusions and they are more likely to draw on a seemingly contradictory mix of ideas in reaching those conclusions (sometimes from the left, sometimes from the right). We called the big-idea experts “hedgehogs” (they know one big thing) and the more eclectic experts “foxes” (they know many, not so big things).

The most consistent predictor of consistently more accurate forecasts was “style of reasoning”: experts with the more eclectic, self-critical, and modest cognitive styles tended to outperform the big-idea people (foxes tended to outperform hedgehogs).

Lehrer: Can non-experts do anything to encourage a more effective punditocracy?

Tetlock: Yes, non-experts can encourage more accountability in the punditocracy. Pundits are remarkably skillful at appearing to go out on a limb in their claims about the future, without actually going out on one. For instance, they often “predict” continued instability and turmoil in the Middle East (predicting the present) but they virtually never get around to telling you exactly what would have to happen to disconfirm their expectations. They are essentially impossible to pin down. If pundits felt that their public credibility hinged on participating in level playing field forecasting exercises in which they must pit their wits against an extremely difficult-to-predict world, I suspect they would be learn, quite quickly, to be more flexible and foxlike in their policy pronouncements.

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A conventional war response is the least bad of the three because it avoids the higher risks of either the weaker or the stronger options.

Today, with the balance of forces reversed since the Cold War, the current Russian doctrine of “escalate to deescalate” mimics NATO’s Cold War “flexible response” concept.

NATO promoted the policy of flexible response rhetorically, but the idea was always shaky strategically. The actual contingency plans it generated never commanded consensus simply because initiating the use of nuclear weapons risked tit-for-tat exchanges that could culminate in an apocalyptic unlimited war.

the group could not reach agreement on specific follow-on options beyond an initial symbolic “demonstration shot” for psychological effect, for fear that Moscow could always match them or up the ante.

NATO policymakers should not bank on Moscow’s restraint. Putin has more at stake in the war than Ukraine’s nuclear-armed supporters outside the country do, and he could bet that in a pinch, Washington would be less willing to play Russian roulette than he is

As NATO confronts the possibility of Russia using nuclear weapons, the first question it needs to answer is whether that eventuality should constitute a real redline for the West

As dishonorable as submission sounds to hawks in advance, if the time actually comes, it will have the strong appeal to Americans, because it would avoid the ultimate risk of national suicide.

That immediate appeal has to be balanced by the longer-term risks that would balloon from setting the epochal precedent that initiating a nuclear attack pays off

This dilemma underlines the obvious imperative of maximizing Moscow’s disincentives to go nuclear in the first place.

if it wants to deter Putin from the nuclear gambit in the first place—governments need to indicate as credibly as possible that Russian nuclear use would provoke NATO, not cow it.

If NATO decides it would strike back on Ukraine’s behalf, then more questions arise: whether to also fire nuclear weapons and, if so, how. The most prevalent notion is an eye-for-an-eye nuclear counterattack destroying Russian targets comparable to the ones the original Russian attack had hit.

it invites slow-motion exchanges in which neither side gives up and both ultimately end up devastated.

both the tit-for-tat and the disproportionate retaliatory options pose dauntingly high risks.

A less dangerous option would be to respond to a nuclear attack by launching an air campaign with conventional munitions alone against Russian military targets and mobilizing ground forces for potential deployment into the battle in Ukraine. This would be coupled with two strong public declarations. First, to dampen views of this low-level option as weak, NATO policymakers would emphasize that modern precision technology makes tactical nuclear weapons unnecessary for effectively striking targets that used to be considered vulnerable only to undiscriminating weapons of mass destruction

That would frame Russia’s resort to nuclear strikes as further evidence not only of its barbarism but of its military backwardness.

The second important message to emphasize would be that any subsequent Russian nuclear use would trigger American nuclear retaliation.

Such a strategy would appear weaker than retaliation in kind and would worsen the Russians’ desperation about losing rather than relieve it, thus leaving their original motive for escalation in place along with the possibility that they would double down and use even more nuclear weapons.

The main virtue of the conventional option is simply that it would not be as risky as either the weaker do-nothing or the stronger nuclear options.

If the challenge that is now only hypothetical actually arrives, entering a nuclearized war could easily strike Americans as an experiment they do not want to run. For that reason, there is a very real possibility that policymakers would wind up with the weakest option: rant about the unthinkable barbarity of the Russian action and implement whatever unused economic sanctions are still available but do nothing militarily.

So far, Moscow has been buoyed by the refusal of China, India, and other countries to fully join the economic sanctions campaign imposed by the West. These fence sitters, however, have a stake in maintaining the nuclear taboo. They might be persuaded to declare that their continued economic collaboration with Russia is contingent on it refraining from the use of nuclear weapons.

The global-manufacturing apparatus now has the capacity to churn out near-endless stuff. The industry’s output has ballooned 75 percent since 2007 to $35 trillion, according to one analysis, and millions of livelihoods depend on its continued growth.

Research has consistently held that people who are presented with a few options make better, easier decisions than those presented with many. It has also shown that having many options is particularly confounding when the information available on them is limited or confusing

n the arms race to sell as many sandwich bags or beach towels as possible, a problem has become clear: Variety isn’t infinitely valuable.

Contemporary internet shopping conjures a perfect storm of choice anxiety

. The internet-shopping boom has spawned an excess-stuff economy, in which retailers such as Overstock.com buy up extra product from full-price retailers

Those infinite, meaningless options can result in something like a consumer fugue state

Helping consumers figure out what to buy amid an endless sea of choice online has become a cottage industry unto itself

choice fatigue is one reason so many people gravitate toward lifestyle influencers on Instagram—the relentlessly chic young moms and perpetually vacationing 20-somethings—who present an aspirational worldview, and then recommend the products and services that help achieve it

Review videos, too, are popular on YouTube, and plenty of niche websites perform similar functions for products that serve a particular interest, such as hiking or photography

. Casper (mattresses), Glossier (makeup), Away (suitcases), and many others have sprouted up to offer consumers freedom from choice: The companies have a few aesthetically pleasing and supposedly highly functional options, usually at mid-range prices. They’re selling nice things, but maybe more importantly, they’re selling a confidence in those things

They have a strong precedent for believing that their type of extreme curation is what consumers want: Trader Joe’s sells many times fewer products than most of its suburban grocery-store competitors, but still tops consumers’ rankings of their favorite places to grocery shop.

stuff’s creators tend to focus their energy on those who already have plenty. As options have expanded for people with disposable income, the opportunity to buy even basic things such as fresh food or quality diapers has contracted for much of America’s lower classes.

What are the Democratic options moving forward? First, there is the Bernie Sanders option — the embrace of a leftist populism that amounts to democratic socialism. This might also be called the Jeremy Corbyn option, after the leftist leader of the British Labour Party who has ideologically purified his party into political irrelevance.

Second, there is the Joe Biden option — a liberalism that makes a sustained outreach to union members and other blue-collar workers while showing a Catholic religious sensibility on issues of social justice

Third, there is the option of doubling down on the proven Barack Obama option, which requires a candidate who can excite rather than sedate the Obama-era base.

the Democratic candidate for president can’t prevail — at least at the moment — when she receives less than 30 percent of the vote from the white, non-college-educated Americans who live in the spaces between the cities

Democrats have become symbolically estranged from white, working-class America.

here is the largest, long-term Democratic challenge: It has become a provincial party. It is highly concentrated in urban areas and clings to the coasts. But our constitutional system puts emphasis on holding geography, particularly in the House of Representatives and the electoral college

In 2012, President Obama won the presidency with fewer than 700 counties out of more than 3,000 in the United States — a historical low. Clinton carried a little under 500 — about 15 percent of the total.

But why was the election even close enough for bad strategy in Wisconsin, Michigan and Pennsylvania, or utter incompetence by the FBI director, to matter?

Donald Trump was riding a modest electoral wave in certain parts of the country, but it was not large enough to overwhelm a reasonably capable Democratic candidate with a decent political strategy. Trump’s vote did not burst the levees; it barely lapped over the top of them in the industrial Midwest. The “blue wall” was too low by just a foot or two.

The Democratic candidate and her team could not protect the United States from a serious risk to its ideals and institutions by an untested and unstable novice who flirted with authoritarianism and made enough gaffes on an average Tuesday to sink a normal presidential campaign.

Hillary Clinton proved incapable of defeating a reality-television host whom more than 60 percent of Americans viewed as unfit to be president. It is perhaps the most humiliating moment in the long history of Mr. Jefferson’s party.

Yet it's impossible to understand what happened without grasping the proactive role played by government. "The banking sector did not decide out of the goodness of its heart to extend mortgages to poor people," commented University of Chicago Booth School of Business Finance Professor Raghuram Rajan in a telephone interview last week. "Politicians did that, and they would have taken great umbrage if the regulator stood in the way of more housing credit."

Rajan, author of Fault Lines, a recent book on the debacle, speaks with special authority to fans of Inside Job. Not only is he in the movie—one of the talking heads speaking wisdom about what occurred—he is accurately presented as having anticipated the meltdown in a 2005 paper called "Has Financial Development Made the World Riskier?" But the things he is quoted as saying in the film are restricted to serving its themes.

We get no inkling that Rajan's views on what made the world riskier, as set forth in his book, veer quite radically from those of Inside Job. They include, as he has written, "the political push for easy housing credit in the United States and the lax monetary policy [by the Federal Reserve] in the years 2003-2005."

I asked Ferguson why Inside Job made such brief mention of Fannie Mae and Freddie Mac, and even then without noting that they are government-sponsored enterprises, subject to special protection by the federal government—which their creditors clearly appreciated, given the unusually low interest rates their debt commanded.

Ferguson replied that their role in subprime mortgages was not very significant, and that in any case their behavior was not much different from that of other capitalist enterprises.

As has been documented, for example, in a forthcoming book on the GSEs called Guaranteed to Fail, there was a steady increase in affordable housing mandates imposed on these enterprises by Congress, one of several reasons why they were hardly like other capitalist enterprises, but tools and beneficiaries of government.

On the outsize role of the GSEs and other federal agencies in high-risk mortgages, figures compiled by former Fannie Mae Chief Credit Officer Edward Pinto show that as of mid-2008, more than 70% were accounted for by the federal government in one way or another, with nearly two-thirds of that held by Fannie and Freddie.

as I have a headache because (of) shrapnel in my head."

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The words include answers to simple questions such as the would-be militant's birth date, blood type, address, marital status and countries visited.

German intelligence officials said they, too, have similar if not identical documents, though they didn't detail how they got them.

That means the people questioned could have gone into ISIS-controlled territory, have been turned away or perhaps fought for the terror group in Syria and Iraq and then perhaps left. If they aren't in the war zone, one fear is that they may bring their ISIS approach, tactics and mindset elsewhere -- perhaps proving a threat to other countries.

Koths said. "We are taking these into consideration of our law enforcement measures and security. "

We have seen the attacks perpetrated on mainland Europe over the past year,"

That is why it is so important for us to work together to counter this threat."

Form has 23 items

Russia won’t accept defeat before trying every tactic, however brutal, and perhaps every weapon, however murderous. To force Russia to accept failure in Ukraine, the Biden administration would likely have to shift to a wartime mentality, perhaps including the kind of nuclear brinkmanship not seen since the Cuban missile crisis of 1962.

With China and Iran both committed to weakening American power by any available means, a confrontation with the revisionist powers spearheaded by Russia may prove to be the most arduous challenge faced by an American administration since the height of the Cold War.

But the other two options are also bad. A Russian victory would inflict a massive blow to American prestige and the health of the North Atlantic Treaty Organization, especially if the West were seen as forcing Ukraine to surrender to Russian demands

It would be hard to spin this as anything but a partial victory for Russia—and Mr. Putin would remain free to renew hostilities at a time of his choosing.

The failure to deter Mr. Putin’s attack on Ukraine is more than a failure of the Biden administration. Donald Trump, Barack Obama and George W. Bush must share the blame. This failure may prove to be even costlier than failing to prevent the 9/11 attacks,

President Biden’s place in history hangs on his ability to manage the consequences of this increasingly unspeakable and unpredictable war.

A second option would involve a return of the Social Democrats (SPD), Merkel’s former “grand coalition” partner, to the government. While such a coalition would easily command a parliamentary majority, it’s one the center-left SPD ruled out in September after its poor showing in the country’s general election—which delivered its worst-ever result more than half a century—and one it rejected again Monday, reaffirming that it would rather have new elections altogether.

This brings us to the last, and perhaps most drastic, option: new elections. But calling for new elections is hardly easy, nor would it be Merkel’s decision to make (though she said Monday that she would be open to the possibility if a coalition was not possible). Instead, the country’s Basic Law requires that German President Frank-Walter Steinmeier first nominate Merkel as chancellor, after which she would be required to earn a majority of votes in the German parliament, or Bundestag, before she could be reinstated. Only if she were to lose three attempts at such a vote would Steinmeier be able to

dissolve the Bundestag; then new elections would have to be held within 60 days. Though a recent poll found that 68 percent of Germans would favor of new elections if Jamaica coalition talks fail, it’s an option Steinmeier appears keen on avoiding, noting in a statement Monday that the parties’ responsibility to form a government “cannot be simply given back to the voters.”

“Germany is just becoming more normal. It would be a mistake to over-interpret what is happening. This is not Trump, this is not Brexit. Merkel is weakened, but she’s still in power. … Germany … [is] still very far removed from some of the things that we see around us.”

the United States would ask the United Nations to convene foreign ministers and envoys from Russia, China, Pakistan, Iran, India and United States “to discuss a unified approach to supporting peace in Afghanistan.”It added the United States will ask Turkey to host a senior-level meeting of “both sides in the coming weeks to finalize a peace agreement.”

Violence in Afghanistan has increased recently as peace talks between the Taliban and the government has made no progress. Both sides have said they were getting ready for a “tough” spring offensive.

The first option of allowing the Senate to take another crack at passing the legislation is increasingly unlikely. While the vote fell only four votes short of the 10 GOP senators it would have needed to advance -- with one absent GOP Sen. Pat Toomey of Pennsylvania saying he would have voted yes -- the chances of convincing three more Republicans to vote yes as well as all Democratic senators is slim.

"With regard to what a new commission could find out, I would remind you that this is probably the most comprehensive Justice Department investigation in the history of the country going on right now. Multiple people have been arrested, many will be prosecuted. Nobody is going to get away with anything who was involved in the incident at the Capitol on January 6th,"

"I think we will know everything we need to know -- we were all witnesses. We were right there when it happened and I simply think the commission is not necessary."

The speaker promised to continue the dialogue with her fellow members before making a final decision.Both Pelosi and Jeffries said they will reconvene the caucus soon to discuss their options going forward. /* dynamic basic css */ .AR_36.ob-widget .ob-widget-items-container {margin:0;padding:0;} .AR_36.ob-widget .ob-widget-items-container .ob-clearfix {display:block;width:100%;float:none;clear:both;height:0px;line-height:0px;font-size:0px;} .AR_36.ob-widget .ob-widget-items-container.ob-multi-row {padding-top: 2%;} .AR_36.ob-widget .ob-dynamic-rec-container {position:relative;margin:0;padding;0;} .AR_36.ob-widget .ob-dynamic-rec-link, .AR_36.ob-widget .ob-dynamic-rec-link:hover {text-decoration:none;} .AR_36.ob-widget .ob-rec-image-container .ob-video-icon-container {position:absolute;left:0;height:50%;width:100%;text-align:center;top:25%;} .AR_36.ob-widget .ob-rec-image-container .ob-video-icon {display:inline-block;height:100%;float:none;opacity:0.7;transition: opacity 500ms;} .AR_36.ob-widget .ob-rec-image-container .ob-video-icon:hover {opacity:1;} .AR_36.ob-widget .ob_what{direction:ltr;clear:both;padding:5px 10px 0px;} .AR_36 .ob_what a:after {content: "";vertical-align:super;;;background-image: url('https://widgets.outbrain.com/images/widgetIcons/achoice.svg');background-size:75% 75%;width:12px;height:12px;padding-left:4px;display:inline-block;background-repeat:no-repeat;background-position:right center;border-left:1px solid #999;} .AR_36.ob-widget .ob_what a{color:#757575;font-size:11px;font-family:arial;text-decoration: none;} .AR_36.ob-widget .ob_what.ob-hover:hover a{text-decoration: underline;} .AR_36.ob-widget .ob_amelia, .AR_36.ob-widget .ob_amelia_covid, .AR_36.ob-widget .ob_logo, .AR_36.ob-widget .ob_feed_logo, .AR_36.ob-widget .ob_sfeed_logo, .AR_36.ob-widget .ob_text_logo{vertical-align:baseline !important;display:inline-block;vertical-align:text-bottom;padding:0px 5px;box-sizing:content-box;-moz-box-sizing:content-box;-webkit-box-sizing:content-box;} .AR_36.ob-widget .ob_amelia{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_logo_16x16.png') no-repeat center top;width:16px;height:16px;margin-bottom:-2px;} .AR_36.ob-widget .ob_amelia_covid{width:auto;height:16px;max-height:16px;margin-bottom:-2px;} .AR_36.ob-widget .ob_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_logo_67x12.png') no-repeat center top;width:67px;height:12px;} .AR_36.ob-widget .ob_text_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_text_logo_67x22.png') no-repeat center top;width:67px;height:22px;} .AR_36.ob-widget .ob_feed_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_feed_logo.png') no-repeat center top;width:86px;height:23px;} .AR_36.ob-widget .ob_sfeed_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_smartFeedLogo.min.svg') no-repeat center top;width:140px;height:21px;} .AR_36.ob-widget .ob_sphere_logo{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_sphere.svg') no-repeat center top;width:93px;height:27px;vertical-align:baseline!important;display:inline-block;vertical-align:text-bottom;padding:0px 0px;box-sizing:content-box;-moz-box-sizing:content-box;-webkit-box-sizing:content-box;} @media only screen and (-webkit-min-device-pixel-ratio: 2),(min-resolution: 192dpi) { .AR_36.ob-widget .ob_amelia{background:url('https://widgets.outbrain.com/images/widgetIcons/ob_logo_16x16@2x.png') no-repeat center top;width:16px;height:16px;margin-bottom:-2px; 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That increases demand, which increases the stock’s price. Which means the brokers have to buy more shares, which means … you get the idea.

This weird little bubble doesn’t just affect the bettors, though. If big investors on the losing side of these trades have to raise money to cover their losses, it could mean dumping enough shares to hurt the prices of otherwise solid stocks.

If the sell-off is big enough, it could have a cascading effect that leads to broader losses for investors who have never bought or sold a share of GameStop.

Former UAW president Gary Jones pleaded guilty Wednesday to charges he embezzled more than $1 million of union funds.

UAW spokesman Brian Rothenberg said Gamble looks forward to meeting with Schneider.

“The UAW has made significant changes since Mr. Jones resigned and continues to look at ways to reform,” Rothenberg said.

One option Schneider said he would like the UAW to explore is the direct election of officers to make them more accountable. UAW officers are currently elected through delegates.

Jones, 63, entered his guilty plea during a videoconference hearing held by the U.S. District Court in Detroit.

Jones, a certified public accountant, was charged with conspiracy to embezzle funds from the UAW from 2010 through September 2019, and with conspiracy to defraud the United States by failing to pay taxes on the money prosecutors charge he stole. He resigned from the union last November.

The sides agreed to a sentencing guideline range of 46 to 57 months for Jones.

One option of a phased system that would see younger people -- potentially under 40, according to one option -- return to the workplace or business first, followed gradually by people slightly older until most of the country is back to normal.

Another option being considered is keeping in place restrictions only on vulnerable people and senior citizens, including on nursing homes, but allowing others to return as a group.

A third plan being considered would have Trump lift the federal guidelines but explicitly endorse individual governors acting however they see fit for their own states, including saying that some states should remain under stricter orders than others.

MR. ALLEN: O.K., O.K., wait. You’re proposing that the debt ceiling be increased month by month? MR. NORQUIST: Monthly. Monthly. Monthly if he’s good, weekly if he’s not.

In short, the debt limit is a hostage that Republicans are willing to kill or maim in pursuit of their agenda. They have made this clear ever since the debt ceiling debate in 2011, in which the Treasury came very close to defaulting on the debt.

At some point, Treasury will lack the cash to pay the bills that are due and it will face nothing but unthinkable choices – don’t pay interest to bondholders and default on the debt, don’t pay Social Security benefits, don’t pay our soldiers in the field and so on.

At the risk of stating the obvious, the debt limit is nuts. It serves no useful purpose to allow members of Congress to vote for vast cuts in taxation and increases in spending and then tell the Treasury it is not permitted to sell bonds to cover the deficits Congress created. To my knowledge, no other nation has such a screwy system.

In a new book, “Is U.S. Government Debt Different?,” Howell Jackson, a law professor at Harvard, walks through options for prioritizing government spending in the event that Republicans insist on committing financial suicide. They are all illegal or unconstitutional to one degree or another. They would require the Treasury to either abrogate Congress’s taxing power, spending power or borrowing power.

the question of what a president should do when he must act and all his options are unconstitutional. They cite Abraham Lincoln’s July 4, 1861, message to Congress in support of the idea that some laws are more unconstitutional than others and the president is empowered to violate the one that is least unconstitutional when he has no other option. Said Lincoln, “To state the question more directly, are all the laws, but one, to go unexecuted, and the government itself go to pieces, lest that one be violated?”

In the present case, of course, the one law would be the debt limit, which Professors Buchanan and Dorf say is less binding on the president than unilaterally cutting spending or raising taxes without congressional approval. Hence, if Republicans are truly mad and absolutely refuse to raise the debt limit, thereby risking default or the nonpayment of essential government bills, Professors Buchanan and Dorf believe the president would have the authority to sell bonds over and above the limit.

There are a host of practical problems any time the president is forced into uncharted constitutional territory, as Lincoln so often was. But when faced with an extortion demand from a political party that no longer feels bound by the historical norms of conduct, the president must be willing to do what has to be done.

Back in March, Bloomberg pollster Selzer and Company tested Romney’s favorable ratings and found that he was nearly 2-to-1 in the negative: 58 percent unfavorable versus just 32 percent favorable. That's even worse than most of Trump’s numbers this year.

Despite being largely out of public view in recent years, you see, Romney is still an unloved figure in American politics

This poll will surely lead a few Romney die-hards/NeverTrumpers to pine — or rather, continue pining — for a 2016 campaign in which Romney was the Clinton alternative rather than Trump.

That would be a problem for any London government, because a majority of people in Northern Ireland want to stay in the United Kingdom, but it is particularly poisonous for Mrs. May. That is because her minority government depends on the support of Northern Ireland’s hard-line Democratic Unionist Party, for which keeping its place in the United Kingdom is an existential matter.

Mrs. May’s other option is to play hardball and hope that the national leaders of the European Union retreat from the position proposed on Wednesday, at least allowing this issue to be fudged a little longer.