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Japan's vaccine rollout remains the slowest among developed economies with just 6% of residents having received at least one dose.

An article this week in the New England Journal of Medicine, meanwhile, questioned organizers' fundamental argument that the games can be held safely. "We believe the IOC's determination to proceed with the Olympic Games is not informed by the best scientific evidence," the authors wrote.

International Olympic Committee President Thomas Bach told a conference on Thursday that athletes should "come with full confidence to Tokyo and get ready," lauding the Japanese capital as "the best-prepared Olympic city ever."

The IOC has asked Olympic athletes to sign waivers absolving the organizers of legal liability for COVID-19-related risks. Bach acknowledged this was an issue of concern for some athletes, but the IOC calls it "standard practice."

Japan requires that imported vaccines undergo domestic clinical testing, slowing down the approval process.

Japan's second-largest newspaper by circulation, The Asahi Shimbun, became the first major Japanese media outlet to publish an editorial calling for the games to be canceled. The 142-year-old publication, one of Asia's oldest newspapers, is also an Olympic sponsor.

Sponsors are especially jittery about the prospect of the games' cancellation, which could cost Japan an estimated $17 billion.

another state of emergency in response to a fresh wave of infections after the Olympics could cost the country several times that amount.

The situation resembles the huge wave of migrant children that filled detention centers in 2014 that preceded the harsh crackdown imposed by President Donald J. Trump. Seven years ago, Mr. Biden, the vice president at the time, traveled to Guatemala and declared that “the current situation is untenable and unsustainable.”

But his approach — to broadly reopen the nation’s borders to vulnerable children with what he hopes will be a welcoming contrast to Mr. Trump’s erection of legal and physical barriers — is already at risk from the grim realities of migration patterns that have roiled the globe for years. Sensing a change in tone and approach after Mr. Trump’s defeat, migrants are once again fleeing poverty, violence and the devastation left by hurricanes and heading north toward the United States.

For now, Mr. Biden has broken from his predecessor in not applying the pandemic emergency rule to children, meaning the United States is still responsible for caring for them until they are placed with a sponsor.

The Health and Human Services Department said in a statement that the number of children in its custody was constantly changing. The Homeland Security Department did not respond to requests for comment.

Mr. Biden, briefed on the issue last week, deployed his top administration officials to tour the facilities at the border this weekend. The administration has made disaster aid funding available to border communities, has redirected agents from the northern border to the southern border and is considering a pilot program that would place health officials at border facilities to speed up children’s search for a sponsor.

Some families are being released into the United States. Border agents have not been able to turn away migrant families in South Texas because of a change in Mexican law that bans the detention of small children.

Liberal politicians are denouncing the expansion of detention facilities and railing against the continued imposition of Trump-era rules intended to prevent the spread of the coronavirus from immigrants. And advocates for families separated at the border during Mr. Trump’s administration are pressuring the president to move faster to reunite them.

The number of migrant children in custody along the border has tripled in the past two weeks to more than 3,250, according to federal immigration agency documents obtained by The New York Times, and many of them are being held in jail-like facilities for longer than the three days allowed by law.

And Republicans are already signaling that they plan to put the consequences of Mr. Biden’s immigration agenda at the center of their efforts to retake Congress in 2022.

It’s not just Georgia. In Arizona, Republicans are pushing for control over the rules of the state’s elections. In Iowa, the G.O.P. has installed harsh new criminal penalties for county election officials who enact emergency voting rules.

Nationwide, Republican lawmakers in at least eight states controlled by the party are angling to pry power over elections from secretaries of state, governors and nonpartisan election boards.

In Georgia’s new voting bill, the State Legislature is looking to strip Mr. Raffensperger of his role as the chair of the State Election Board and make him an ex-officio member without a vote.

If the bill becomes law, the State Election Board, under control of the Legislature, would have more authority over these county boards, including the ability to review and fire their members.

Jon Greenbaum, the chief counsel for the nonpartisan Lawyers’ Committee for Civil Rights Under Law, said Republicans were engaged in an “all-out effort to change the voting rules in lots of ways that would allow for greater opportunity for them to challenge the eligibility of electors,” and that the party would “add micromanagement by state legislatures to the process of running an election.”

State Representative Barry Fleming, a Republican who has been a chief sponsor of the bills in Georgia, did not respond to requests for comment.

Gov. Brian Kemp of Georgia, a Republican, has not weighed in publicly on the changes to election administration and oversight.

The threat of increased punishment seemed to be directed at three county election officials in the state, who last year chose to mail absentee ballot applications to all registered voters in their counties, drawing the ire of state Republicans.

Bobby Kaufmann, the Republican state representative in Iowa who sponsored the voting bill, said the county auditors’ actions were “as much the inspiration for the bill as anything,” pointing to their decisions to mail out ballots with prepopulated information.

In Arizona, the Republican-controlled Legislature is pursuing multiple paths to tip the scales of election oversight.

Ms. Hobbs, who was the target of many Republican attacks after the 2020 election, said that purely partisan politics were at play in the bills.“The Legislature wasn’t interested in control over elections until I got here and happened to have a ‘D’ by my name,” she said.

Efforts in other states to muddle with the mechanics of elections have gone beyond state legislatures. In Michigan, the state Republican Party has indicated that it is unlikely to ask a G.O.P. member of the State Board of Canvassers who chose to certify last year’s election results to return to his post.

It is nearly assured that almost all of these bills will face legal challenges from Democrats, who have signaled that combating the efforts to restrict voting will be a top priority through both federal legislation and the courts.

the first major American bank to endorse HR 40, a piece of legislation sponsored by US Rep. Sheila Jackson Lee that creates a commission to develop reparation proposals for African Americans.

three decades ago.

"as real and right as the fight we had for the 1964 Civil Rights Act and the 1965 Voting Rights Act,

more attentive ears with Vice President Kamala Harris and President Joe Biden in office.

"targeted resources into public schools and neighborhoods that have been generationally deprived of the similar types of investments that white neighborhoods have gotten,"

voted overwhelmingly in favor of appropriating funds for the benefit of Black residents

"remains unanimously supportive"

she called upon National African-American Reparations Commission (NAARC) convener and Institute of the Black World 21st Century (IBW) President Ron Daniels to help Evanston develop an action plan.

"the community process"

The first is the transfer of wealth to descendants of American slavery via individual cash payments,

I've never seen the issue of reparations being taken as seriously as it is now,"

, I think the process has been quite flawed when you look at it next to an HR 40

, there are some Black residents in Evanston who question if these policies go far enough,

"the strict enforcement of existing civil rights law."

They fear the limited funds will result in an application process that only high-credit Evanstonians would have access to.

"Modernity is our challenge, not social justice"

The City Council agrees with that

HR 40 was still very much in its infancy,

it was designed to establish a commission to examine enslavement and other derivative outcomes

It did, however, gain the endorsement of major civil rights organizations

Congress was not ready for the bill.

Black celebrities

In the over three decades since HR 40 reached the House floor, the case for reparations has only grown more organized and action-oriented. Today, the bill has more than 170 co-sponsors and a Senate companion resolution.

So it's really an attempt to address both the moral harm, and the crime that slavery and Jim Crow were, but also the wealth gap that was created by both of these institutions,"

In the wake of the Black Lives Matter movement's resurgence last year,

Breonna Taylor, George Floyd, and Ahmaud Arbery,

cultural experts and the executive branch of government that America has reneged on its promises to African Americans

"I think the reality is that we will as Black Americans never gain an entitlement that is commensurate with the suffering we endured.

"is that Black Americans will get about exactly as far as they take themselves,

However, Simmons sees the critique as an opportunity for more conversations on what reparations could look like for residents

Over a century of both legally enforced and de-facto housing discrimination and redlining, blockage from small business loans, and suppression of constitutionally protected civil rights until well into the 1960s

n 1920 to roughly 1.3% of US farmers in 2017.

history was not studied, it was not known.

Mr. Pompeo’s effort to leave no bridge unburned might stand him in good stead with primary voters, should he — as has been widely expected — seek higher office in the coming years. But selfishness at the expense of the national interest isn’t the mark of an honorable diplomat or a patriot.That sentiment appears to be shared in Mr. Pompeo’s State Department, where some officials are said to be keeping discreet clocks counting down the minutes until Secretary Pompeo is a private citizen once again.

“American citizens feel like they’ve been attacked. Fear’s reaction is anger, anger’s reaction is patriotism and voilà — you get a war,” said Mr. Lee’s co-host, who gave his name as Rampage.

Clinton did not mention Gabbard by name but said she believes one candidate is "the favorite of the Russians."

Clinton was referring to the GOP grooming Gabbard, not Russians.

Gabbard reacted by tweeting that Clinton is “the queen of warmongers, embodiment of corruption, and personification of the rot that sickened the Democratic Party for so long."

Trump attacked Clinton for the suggestion earlier this week, and said Clinton and other Democrats claim everyone opposed to them is a Russian agent.

ratic presidential candidate Tulsi Gabbard said Thursday that she will not run for re-election for her U.S. representative seat, saying she wants to focus on trying to secure her party’s nomination to challenge President Donald Trump.Gabbard, who represents Hawaii, made the announcement in a video and email to supporters."I believe that I can best serve the people of Hawaii and our country as your president and commander-in-chief," Gabbard said in the video.Let our news meet your inbox. The news and stories that matters, delivered weekday mornings.Sign UpThis site is protected by recaptcha Privacy Policy | Terms of Service She also expressed gratitude to the people of Hawaii for her nearly seven years in Congress.In January, Hawaii state Sen. Kai Kahele, a Democrat, said he would run for Gabbard's seat, NBC affiliate KHNL of Honolulu reported.An Iowa Democratic caucus poll out this week put Gabbard at 3 percent, with former Vice President Joe Biden, Massachusetts Sen. Elizabeth Warren, and South Bend, Indiana, Mayor Pete Buttigieg in the top three spots.She is in a crowded field of Democrats seeking the nomination to run for president. Another candidate, U.S. Rep. Tim Ryan, D-Ohio, ended his long-shot presidential campaign Thursday.RecommendedvideovideoMcConnell: If the House impeaches Trump, Senate will hold trial 'until we finish'2020 Election2020 ElectionTim Ryan drops out of presidential raceHillary Clinton recently suggested that she believed Republicans were grooming one of the Democrats for a third-party candidacy. Clinton did not mention Gabbard by name but said she believes one candidate is "the favorite of the Russians."

Theresa Cardinal Brown, a former senior adviser on immigration in both the Bush and Obama administrations, said the comparisons to the Trump administration are unfair and not accurate.

This is not "kids in cages," she said, which referred to detention facilities run by U.S. Customs and Border Protection. The Carrizo Springs facility is operated by the Department of Health and Human Services, and it includes educational services and medical care.

"A government agency is not a parent for children," she said. "The reality is that children who are alone need to be accommodated for their safety while the government identifies and reunites them with appropriate sponsors. We don't want to endanger children, and we don't want them held in detention or in facilities that don't meet their best interests."

Meanwhile, donors such as Tesla CEO Elon Musk, disgraced FTX founder Sam Bankman-Fried, Skype founder Jaan Tallinn and ethereum co-founder Vitalik Buterin — as well as institutions like Open Philanthropy, a charitable organization started by billionaire Facebook co-founder Dustin Moskovitz — have worked to push doomsayers from the tech industry’s margins into the mainstream.

More recently, wealthy tech philanthropists have begun recruiting an army of elite college students to prioritize the fight against rogue AI over other threats

Open Philanthropy spokesperson Mike Levine said harms like algorithmic racism deserve a robust response. But he said those problems stem from the same root issue: AI systems not behaving as their programmers intended. The theoretical risks “were not garnering sufficient attention from others — in part because these issues were perceived as speculative,” Levine said in a statement. He compared the nonprofit’s AI focus to its work on pandemics, which also was regarded as theoretical until the coronavirus emerged.

Critics call the AI safety movement unscientific. They say its claims about existential risk can sound closer to a religion than research

And while the sci-fi narrative resonates with public fears about runaway AI, critics say it obsesses over one kind of catastrophe to the exclusion of many others.

Other skeptics, like venture capitalist Marc Andreessen, are AI boosters who say that hyping such fears will impede the technology’s progress.

Among the reputational hazards of the AI safety movement is its association with an array of controversial figures and ideas, like EA, which is also known for recruiting ambitious young people on elite college campuses.

The foundation began prioritizing existential risks around AI in 2016,

there was little status or money to be gained by focusing on risks. So the nonprofit set out to build a pipeline of young people who would filter into top companies and agitate for change from the insid

Colleges have been key to this growth strategy, serving as both a pathway to prestige and a recruiting ground for idealistic talent

The clubs train students in machine learning and help them find jobs in AI start-ups or one of the many nonprofit groups dedicated to AI safety.

Many of these newly minted student leaders view rogue AI as an urgent and neglected threat, potentially rivaling climate change in its ability to end human life. Many see advanced AI as the Manhattan Project of their generation

At Stanford, Open Philanthropy awarded Luby and Edwards more than $1.5 million in grants to launch the Stanford Existential Risk Initiative, which supports student research in the growing field known as “AI safety” or “AI alignment.

Mukobi joined Stanford’s club for effective altruism, known as EA, a philosophical movement that advocates doing maximum good by calculating the expected value of charitable acts, like protecting the future from runaway AI. By 2022, AI capabilities were advancing all around him — wild developments that made those warnings seem prescient.

Despite the school’s ties to Silicon Valley, Mukobi said it lags behind nearby UC Berkeley, where younger faculty members research AI alignment, the term for embedding human ethics into AI systems.

from the start EA was intertwined with tech subcultures interested in futurism and rationalist thought. Over time, global poverty slid down the cause list, while rogue AI climbed toward the top.

In the past year, EA has been beset by scandal, including the fall of Bankman-Fried, one of its largest donors

Another key figure, Oxford philosopher Nick Bostrom, whose 2014 bestseller “Superintelligence” is essential reading in EA circles, met public uproar when a decades-old diatribe about IQ surfaced in January.

Programming future AI systems to share human values could mean “an amazing world free from diseases, poverty, and suffering,” while failure could unleash “human extinction or our permanent disempowerment,” Mukobi wrote, offering free boba tea to anyone who attended the 30-minute intro.

Open Philanthropy’s new university fellowship offers a hefty direct deposit: undergraduate leaders receive as much as $80,000 a year, plus $14,500 for health insurance, and up to $100,000 a year to cover group expenses.

Student leaders have access to a glut of resources from donor-sponsored organizations, including an “AI Safety Fundamentals” curriculum developed by an OpenAI employee.

Interested students join reading groups where they get free copies of books like “The Precipice,” and may spend hours reading the latest alignment papers, posting career advice on the Effective Altruism forum, or adjusting their P(doom), a subjective estimate of the probability that advanced AI will end badly. The grants, travel, leadership roles for inexperienced graduates and sponsored co-working spaces build a close-knit community.

Edwards discovered that shared online forums function like a form of peer review, with authors changing their original text in response to the comments

Mukobi feels energized about the growing consensus that these risks are worth exploring. He heard students talking about AI safety in the halls of Gates, the computer science building, in May after Geoffrey Hinton, another “godfather” of AI, quit Google to warn about AI. By the end of the year, Mukobi thinks the subject could be a dinner-table topic, just like climate change or the war in Ukraine.

Luby, Edwards’s teaching partner for the class on human extinction, also seems to find these arguments persuasive. He had already rearranged the order of his AI lesson plans to help students see the imminent risks from AI. No one needs to “drink the EA Kool-Aid” to have genuine concerns, he said.

Edwards, on the other hand, still sees things like climate change as a bigger threat than rogue AI. But ChatGPT and the rapid release of AI models has convinced him that there should be room to think about AI safety.

Interest in the topic is also growing among Stanford faculty members, Edwards said. He noted that a new postdoctoral fellow will lead a class on alignment next semester in Stanford’s storied computer science department.

The course will not be taught by students or outside experts. Instead, he said, it “will be a regular Stanford class.”

Leaders in the deeply conservative Utah say they need the law to protect women's sports. As cultural shifts raise LGBTQ visibility, the lawmakers argue that, without their intervention, more transgender athletes with apparent physical advantages could eventually dominate the field and change the nature of women's sports.

he team is also partially owned by NBA all-star Dwyane Wade, who has a transgender daughter.

The looming threat of a lawsuit worries school districts and the Utah High School Athletic Association, which has said it lacks the funds to defend the policy in court. Later Friday, lawmakers are expected to change the bill so state money would cover legal fees.

The group Visit Salt Lake, which hosts conferences, shows and events, said the override could cost the state $50 million in lost revenue. The Utah-based DNA-testing genealogy giant Ancestry.com also urged the Legislature to find another way. The American Principles Project is confident that states with bans won't face boycotts like North Carolina did after limiting public restrooms transgender people could use. It focused on legislation in populous, economic juggernaut states like Texas and Florida that would be harder to boycott, Schilling said.

Friday's deliberations came after more than a year of debate and negotiation between social conservatives and LGBTQ advocates. Republican sponsor Rep. Kera Birkeland worked with Cox and civil rights activists at Equality Utah before introducing legislation that would require transgender student-athletes to go before a government-appointed commission.

The proposal, although framed as a compromise, failed to gain traction on either side. LGBTQ advocates took issue with Republican politicians appointing commission members and evaluation criteria that included body measurements such as hip-to-knee ratio.

But the ban won support from a vocal conservative base that has particular sway in Utah's state primary season. Even with primaries looming, however, some Republicans stood with Cox to reject the ban.

Ready for more bad infectious diseases news? There's an outbreak of bird flu making its way into U.S. poultry flocks. If the virus continues to spread, it could affect poultry prices — already higher amid widespread inflation. The price of chicken breasts this week averaged $3.63 per pound at U.S. supermarkets — up from $3.01 a week earlier and $2.42 at this time last year, the Agriculture Department says.

The latest data from the USDA show 59 confirmed sites of avian flu across commercial and backyard flocks in 17 states since the start of the year. That figure includes chickens, turkey and other poultry. The USDA identified a case of avian flu in a wild bird in mid-January, the first detection of the virus in wild birds in the U.S. since 2016. Wild birds can spread the virus to commercial and backyard flocks. By Feb. 9, the virus had been identified in a commercial flock in Indiana.

The last major avian flu outbreak in the U.S. was from December 2014 to June 2015, when more than 50 million chickens and turkeys either died from highly pathogenic avian influenza (HPAI) or were destroyed to stop its spread.

Whether the 2022 avian flu will affect the price of eggs and poultry depends on how widespread it becomes, says Ron Kean, a poultry science expert at the University of Wisconsin-Madison Department of Animal and Dairy Sciences. "In 2015, we did see quite an increase in egg prices," Kean told Wisconsin Public Radio. "The chicken meat wasn't severely affected at that time. We did see quite a loss in turkeys, so turkey prices went up. So, we'll see. If a lot of farms contract this, then we could see some real increases in price."

For producers who suspect their flock may be affected by avian flu, the USDA has a guide to the warning signs, including a sudden increase in bird deaths, lack of energy and appetite, and a decrease in egg production. If a flock is found to be infected by bird flu, the USDA moves quickly — within 24 hours — to assist producers to destroy the flock and prevent the virus from spreading.

A new Virginia state law prohibiting mask mandates in public schools does not apply to 12 students with disabilities whose parents challenged the law, a federal judge has ruled. Last month, the parents of 12 students across Virginia asked the court to halt enforcement of the law, saying it violated their rights under the federal American with Disabilities Act. The law, signed by newly elected Republican Gov. Glenn Youngkin, went into effect March 1; it gives parents a say over whether their children should wear masks in school.

The group of parents have children whose health conditions range from cystic fibrosis to asthma that put them at heightened risk for COVID-19.

The American Civil Liberties Union, which was one of several legal organizations that filed on behalf of the plaintiffs, said the injunction served as a "blueprint."

In a statement, Virginia Attorney General Jason Miyares said the ruling affirms that "parents have the right to make choices for their children."

When Judge Katanji Brown Jackson entered the Senate chamber this week to face questions on her readiness to join the Supreme Court, she did so as the first Black woman in the nation's history to be nominated to that position. For many Black law students and professionals, including a group of 150 who traveled from across the country to watch the historic hearing, Jackson's rise to likely associate justice gives a message of profound hope for what they too might one day be able to accomplish.

Dudley was one of 100 law students selected nationwide to attend a series of events and watch parties for Jackson's nomination, hosted by the progressive organization, Demand Justice. The group also included 50 public defenders — a nod to Jackson's own background in that field. "I see a lot of myself in her. I see a lot of my friends in her, and I wanted to be there to support," Dudley said, calling Jackson "overly qualified to sit on the Supreme Court."

The cohort of legal professionals cheered on Jackson as she faced questions from Republicans about her past cases, particularly those relating to child sex abuse, and on what school of thought she would bring to determining the constitutionality of high-profile cases. Republicans had vowed to oppose President Joe Biden's nominees to the court, and when news of Justice Stephen Breyer's imminent retirement broke, the GOP quickly mobilized to attack potential nominees who might replace the longtime liberal justice on the bench.

Particularly, some sentencing decisions in child pornography cases drew GOP fire. But Jackson's measured responses throughout the three days of questioning solidified the support of many onlookers, who reveled in what it would mean to have a Black woman sit on the bench for the first time in the court's 233-year history. "The fact of the matter is that I'm the father of three black girls, right? And to be able to tell them that finally, someone who is Black — female nonetheless — is finally on the precipice of a mountain that has never been climbed before by any other Black woman, is huge," said Edrius Stagg, a third-year law student at Southern University Law Center in Baton Rouge.

Sen. Joe Manchin of West Virginia — whose break from Democrats on a number of politically fraught votes had worried some as to whether he would support Biden's nominee — announced on Friday he would vote in favor of Jackson's confirmation, all but assuring her path to join the bench.

For some, the optics of seeing Jackson — a Black woman — defend her credentials to a group of largely white, predominantly male detractors, was a familiar scene. It has played out, students said, in workplaces the world over and across the socioeconomic spectrum.

Booker called the attacks on Jackson's record "dangerous" and "disingenuous," noting the complexities of cases that had been boiled down to their basest points in order to damage Jackson's image.

"I'm not gonna let my joy be stolen," he continued. "Because I know, you and I, we appreciate something that we get that a lot of my colleagues don't." And while Jackson's opponents peppered her with politically polarizing questions, her supporters grew even more convinced that Jackson was qualified for the job. "To see her hold her composure and just answer the questions just to the best of her capabilities was just really great to see," said Jasmine McMillion, a third-year law student at Florida Agricultural and Mechanical University College of Law.

Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.

That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance.

So the vast outpouring of LBOs in recent decades has been the consequence of bad policy, not the product of capitalist enterprise. I know this from 17 years of experience doing leveraged buyouts at one of the pioneering private-equity houses, Blackstone, and then my own firm. I know the pitfalls of private equity. The whole business was about maximizing debt, extracting cash, cutting head counts, skimping on capital spending, outsourcing production, and dressing up the deal for the earliest, highest-profit exit possible. Occasionally, we did invest in genuine growth companies, but without cheap debt and deep tax subsidies, most deals would not make economic sense.

In truth, LBOs are capitalism’s natural undertakers—vulture investors who feed on failing businesses. Due to bad policy, however, they have now become monsters of the financial midway that strip-mine cash from healthy businesses and recycle it mostly to the top 1 percent.

Accordingly, Bain’s returns on the overwhelming bulk of the deals—67 out of 77—were actually lower than what a passive S&P 500 indexer would have earned even without the risk of leverage or paying all the private-equity fees. Investor profits amounted to a prosaic 0.7X the original investment on these deals and, based on its average five-year holding period, the annual return would have computed to about 12 percent—well below the 17 percent average return on the S&P in this period.

having a trader’s facility for knowing when to hold ’em and when to fold ’em has virtually nothing to do with rectifying the massive fiscal hemorrhage and debt-burdened private economy that are the real issues before the American electorate

Indeed, the next president’s overriding task is restoring national solvency—an undertaking that will involve immense societywide pain, sacrifice, and denial and that will therefore require “fairness” as a defining principle. And that’s why heralding Romney’s record at Bain is so completely perverse. The record is actually all about the utter unfairness of windfall riches obtained under our anti-free market regime of bubble finance.

When Romney opened the doors to Bain Capital in 1984, the S&P 500 stood at 160. By the time he answered the call to duty in Salt Lake City in early 1999, it had gone parabolic and reached 1270. This meant that had a modern Rip Van Winkle bought the S&P 500 index and held it through the 15 years in question, the annual return (with dividends) would have been a spectacular 17 percent. Bain did considerably better, of course, but the reason wasn’t business acumen.

The secret was leverage, luck, inside baseball, and the peculiar asymmetrical dynamics of the leveraged gambling carried on by private-equity shops. LBO funds are invested as equity at the bottom of a company’s capital structure, which means that the lenders who provide 80 to 90 percent of the capital have no recourse to the private-equity sponsor if deals go bust. Accordingly, LBO funds can lose 1X (one times) their money on failed deals, but make 10X or even 50X on the occasional “home run.” During a period of rising markets, expanding valuation multiples, and abundant credit, the opportunity to “average up” the home runs with the 1X losses is considerable; it can generate a spectacular portfolio outcome.

The Wall Street Journal examined 77 significant deals completed during that period based on fundraising documents from Bain, and the results are a perfect illustration of bull-market asymmetry. Overall, Bain generated an impressive $2.5 billion in investor gains on $1.1 billion in investments. But 10 of Bain’s deals accounted for 75 percent of the investor profits.

The credentials that Romney proffers as evidence of his business acumen, in fact, mainly show that he hung around the basket during the greatest bull market in recorded history.

By contrast, the 10 home runs generated profits of $1.8 billion on investments of only $250 million, yielding a spectacular return of 7X investment. Yet it is this handful of home runs that both make the Romney investment legend and also seal the indictment: they show that Bain Capital was a vehicle for leveraged speculation that was gifted immeasurably by the Greenspan bubble. It was a fortunate place where leverage got lucky, not a higher form of capitalist endeavor or training school for presidential aspirants.

The startling fact is that four of the 10 Bain Capital home runs ended up in bankruptcy, and for an obvious reason: Bain got its money out at the top of the Greenspan boom in the late 1990s and then these companies hit the wall during the 2000-02 downturn, weighed down by the massive load of debt Bain had bequeathed them. In fact, nearly $600 million, or one third of the profits earned by the home-run companies, had been extracted from the hide of these four eventual debt zombies.

The bankruptcy forced the closure of about 250—or 40 percent—of the company’s stores and the loss of about 5,000 jobs. Yet the moral of the Stage Stores saga is not simply that in this instance Bain Capital was a jobs destroyer, not a jobs creator. The larger point is that it is actually a tale of Wall Street speculators toying with Main Street properties in defiance of sound finance—an anti-Schumpeterian project that used state-subsidized debt to milk cash from stores that would not have otherwise survived on the free market.

Ironically, the businesses and jobs that Staples eliminated were the office-supply counterparts of the cracker-box stores selling shoes, shirts, and dresses that Bain kept on artificial life-support at Stage Stores Inc. At length, Wal-Mart eliminated these jobs and replaced them with back-of–the-store automation and front-end part-timers, as did Staples, which now has 40,000 part-time employees out of its approximate 90,000 total head count. The pointless exercise of counting jobs won and lost owing to these epochal shifts on the free market is obviously irrelevant to the job of being president, but the fact that Bain made $15 million from the winner and $175 million from the loser is evidence that it did not make a fortune all on its own. It had considerable help from the Easy Button at the Fed.

The lesson is that LBOs are just another legal (and risky) way for speculators to make money, but they are dangerous because when they fail, they leave needless economic disruption and job losses in their wake. That’s why LBOs would be rare in an honest free market—it’s only cheap debt, interest deductions, and ludicrously low capital-gains taxes that artifically fuel them.

The larger point is that Romney’s personal experience in the nation’s financial casinos is no mark against his character or competence. I’ve made money and lost it and know what it is like to be judged. But that experience doesn’t translate into answers on the great public issues before the nation, either. The Romney campaign’s feckless narrative that private equity generates real economic efficiency and societal wealth is dead wrong.

The Bain Capital investments here reviewed accounted for $1.4 billion or 60 percent of the fund’s profits over 15 years, by my calculations. Four of them ended in bankruptcy; one was an inside job and fast flip; one was essentially a massive M&A brokerage fee; and the seventh and largest gain—the Italian Job—amounted to a veritable freak of financial nature.

In short, this is a record about a dangerous form of leveraged gambling that has been enabled by the failed central banking and taxing policies of the state. That it should be offered as evidence that Mitt Romney is a deeply experienced capitalist entrepreneur and job creator is surely a testament to the financial deformations of our times.

The public relationship between Rove and Boyce has been complicated, according to several sources familiar with the project. Rove has openly embraced Boyce’s work, touting it at an invitation-only conference that drew some of the GOP’s biggest names to a swanky Georgia resort in March. But Boyce has established distance from Rove, indicating to prospective donors that he’s not simply a front for the latest project from the Rove-conceived Crossroads groups, which sponsored one of Rove’s New York meetings this month.

Multiple sources said that Boyce’s effort has collided with Themis, adding to the rivalry between two of the deepest-pocketed factions in conservative politics — Crossroads and the Koch political operation

. In contemporary Russia, unlike the old USSR or present-day North Korea, the stage is constantly changing: the country is a dictatorship in the morning, a democracy at lunch, an oligarchy by suppertime, while, backstage, oil companies are expropriated, journalists killed, billions siphoned away. Surkov is at the centre of the show, sponsoring nationalist skinheads one moment, backing human rights groups the next. It’s a strategy of power based on keeping any opposition there may be constantly confused, a ceaseless shape-shifting that is unstoppable because it’s indefinable.

Newly translated postmodernist texts give philosophical weight to the Surkovian power model. François Lyotard, the French theoretician of postmodernism, began to be translated in Russia only towards the end of the 1990s, at exactly the time Surkov joined the government. The author of Almost Zero loves to invoke such Lyotardian concepts as the breakdown of grand cultural narratives and the fragmentation of truth: ideas that still sound quite fresh in Russia. One blogger has noted that ‘the number of references to Derrida in political discourse is growing beyond all reasonable bounds. At a recent conference the Duma deputy Ivanov quoted Derrida three times and Lacan twice.’ In an echo of socialism’s fate in the early 20th century, Russia has adopted a fashionable, supposedly liberational Western intellectual movement and transformed it into an instrument of oppression.

In Soviet times a functionary would at least nominally pretend to believe in Communism; now the head of one of Russia’s main TV channels, Vladimir Kulistikov, who used to be employed by Radio Free Europe, proudly announces that he ‘can work with any power I’m told to work with’. As long as you have shown loyalty when it counts, you are free to do anything you like after hours. Thus Moscow’s top gallery-owner advises the Kremlin on propaganda at the same time as exhibiting anti-Kremlin work in his gallery; the most fashionable film director makes a blockbuster satirising the Putin regime while joining Putin’s party; Surkov writes a novel about the corruption of the system and rock lyrics denouncing Putin’s regime – lyrics that would have had him arrested in previous times.

In Soviet Russia you would have been forced to give up any notion of artistic freedom if you wanted a slice of the pie. In today’s Russia, if you’re talented and clever, you can have both. This makes for a unique fusion of primitive feudal poses and arch, postmodern irony

This is the world Surkov has created, a world of masks and poses, colourful but empty, with little at its core but power for power’s sake and the accumulation of vast wealth.

Saudi Arabia has long denied any role in the 9/11 attacks, but victims' families have repeatedly sought to bring the matter to court, only to be rebuffed after the country has invoked legal immunity allowed under current law.

The White House and State Department say the bill could have dramatic ramifications for the United States and citizens living abroad to retaliatory lawsuits.

Formally known as the Justice Against Sponsors of Terrorism Act, the bill would prevent Saudi Arabia and other countries alleged to have terrorist ties from invoking their sovereign immunity in federal court.

"They're not going to suffer a huge financial loss just to make a point," said Cornyn who also predicted the legislation would not be "disruptive of the relationship we have with the Kingdom of Saudi Arabia."

"We feel that the bill is in very good position to move through the House," she said. "We are very excited finally to get it to the House."

Some players in this online echo chamber were knowingly part of the propaganda campaign, the researchers concluded, while others were “useful idiots” — a term born of the Cold War to describe people or institutions that unknowingly assisted Soviet Union propaganda efforts

The Russian campaign during this election season, researchers from both groups say, worked by harnessing the online world’s fascination with “buzzy” content that is surprising and emotionally potent, and tracks with popular conspiracy theories about how secret forces dictate world events

Some of these stories originated with RT and Sputnik, state-funded Russian information services that mimic the style and tone of independent news organizations yet sometimes include false and misleading stories in their report

On other occasions, RT, Sputnik and other Russian sites used social-media accounts to amplify misleading stories already circulating online, causing news algorithms to identify them as “trending” topics that sometimes prompted coverage from mainstream American news organizations.

The speed and coordination of these efforts allowed Russian-backed phony news to outcompete traditional news organizations for audience.

other misleading stories in August about Clinton’s supposedly troubled health. The Daily Beast debunked a particularly widely read piece in an article that reached 1,700 Facebook accounts and was read online more than 30,000 times

But the PropOrNot researchers found that the version supported by Russian propaganda reached 90,000 Facebook accounts and was read more than 8 million times. The researchers said the true Daily Beast story was like “shouting into a hurricane” of false stories supported by the Russians.

The final weeks of the campaign featured a heavy dose of stories about supposed election irregularities, allegations of vote-rigging and the potential for Election Day violence should Clinton win

“The way that this propaganda apparatus supported Trump was equivalent to some massive amount of a media buy,”

“It was like Russia was running a super PAC for Trump’s campaign. . . . It worked.”

A former U.S. ambassador to Russia, Michael A. McFaul, said he was struck by the overt support that RT and Sputnik expressed for Trump during the campaign, even using the #CrookedHillary hashtag pushed by the candidate.

“They don’t try to win the argument,” said McFaul, now director of the Freeman Spogli Institute for International Studies at Stanford University. “It’s to make everything seem relative. It’s kind of an appeal to cynicism.”

“They use our technologies and values against us to sow doubt,” said Robert Orttung, a GWU professor who studies Russia. “It’s starting to undermine our democratic system.

The same tactics, researchers said, helped Russia shape international opinions about its 2014 annexation of Crimea and its military intervention in Syria, which started last year. Russian propaganda operations also worked to promote the “Brexit” departure of Britain from the European Union

“For them, it’s actually a real war, an ideological war, this clash between two systems,” said Sufian Zhemukhov, a former Russian journalist conducting research at GWU. “In their minds, they’re just trying to do what the West does to Russia.”

RT broadcasts news reports worldwide in several languages, but the most effective way it reaches U.S. audiences is online. Its English-language flagship YouTube channel, launched in 2007, has 1.85 million subscribers and has had a total of 1.8 billion views, making it more widely viewed than CNN’s YouTube channel

Though widely seen as a propaganda organ, the Russian site has gained credibility with some American conservatives. Trump sat for an interview with RT in September. His nominee for national security adviser, retired Lt. Gen. Michael T. Flynn, traveled to Russia last year for a gala sponsored by the network. He later compared it to CNN.

The content from Russian sites has offered ready fodder for U.S.-based websites pushing far-right conservative messages. A former contractor for one, the Next News Network, said he was instructed by the site’s founder, Gary S. Franchi Jr., to weave together reports from traditional sources such as the Associated Press and the Los Angeles Times with ones from RT, Sputnik and others that provided articles that often spread explosively online.

“The readers are more likely to share the fake stories, and they’re more profitable,” said Dyan Bermeo, who said he helped assemble scripts and book guests for Next News Network before leaving because of a pay dispute and concerns that “fake news” was crowding out real news.

In just the past 90 days — a period that has included the closing weeks of the campaign, Election Day and its aftermath — the YouTube audience of Next News Network has jumped from a few hundred thousand views a day to a few million, according to analytics firm Tubular Labs. In October alone, videos from Next News Network were viewed more than 56 million times

Earlier in the evening, protesters blocked access to the venue. Surrounding the lecture hall with signs, they chanted, "Say it loud, say it clear, racists are not welcome here."

As tensions rose between supporters and protesters, a determination was made that it was no longer feasible to continue the event safely.

"It's disgusting," Shkreli told CNN's affiliate KOVR as he left the venue. "Progressivism is about having a conversation."

The British conservative has been accused of racism and transphobia but he took no responsibility for inspiring the tweets directed at Jones after his review of "Ghostbusters."

"Gays are always canaries in the coal mine. This has given them the excuse they needed because (Leslie Jones) is a black woman," he said. "Twitter has just died as a free speech platform.

Though portrayed by some in the West as a “pragmatist” or “moderate,” during his long career of nearly 40 years, Rafsanjani was responsible for suppression at home, terrorism abroad, and the regime’s quest for nuclear weapons.

The Iranian clandestine nuclear weapons program jump-started and moved forward under Rafsanjani and he intensified cooperation with countries like North Korea.

In a sharp departure from the previous administrations’ search for the unicorn of “moderates” in Iran, the incoming Trump administration must lead an international effort to further contain, isolate and pressure the world’s largest state-sponsor of terror by adopting a principled and firm policy towards the murderous rulers of Tehran, while reaching out to the Iranian people and their organized opposition who seek a secular, democratic and non-nuclear republic in Iran.

Speaking to reporters after a Mideast peace conference in Paris, Kerry said he supports the meeting that Russia, Turkey and Iran are co-sponsoring in Kazakhstan on Jan. 23 and that it "would be good" for the U.S. to be represented there.

After taking an active role in efforts to forge peace in Syria, the Obama administration has been watching latest developments largely from the sidelines, as Russia and Turkey have taken the lead. Kerry said he remained in touch with Russian, Turkish and other officials about the situation, but noted that his time as secretary of state was winding down with less than a week to go before the end of his term.

Russia conveyed an invitation to the meeting to Trump's choice for national security adviser, Michael Flynn, in a phone call in late December, according to the transition team.

Many pro-life women felt just as outraged as pro-choice women about Donald Trump’s conduct and comments, including the revelation that he once bragged about groping women without their permission.

the organizers say pro-lifers will be welcome to march on January 21st.

With roughly a week to go before the march, organizers also released a set of “unity principles,” and one of them is “open access to safe, legal, affordable abortion and birth control for all people.”

Destiny Herndon-De La Rosa, the Texas-based president of a group called New Wave Feminists. “I get that he applied this pro-life label, but I don’t know very many people who genuinely believe he’s pro-life.”

A small group of marchers associated with the pro-life publication Life Matters Journal will be there to support “this actual affirmation of peace and human rights, not just for women, but for all people of any or no gender, ethnicity, religion, immigration status, age, or disability,

Some groups seem more interested in spinning up controversy than actually participating, though. Students for Life of America has invited hundreds of women to attend on Facebook, proclaiming that “we will not sit by as Planned Parenthood, our nation’s abortion Goliath and a sponsor of this march, betrays women into thinking abortion is their only choice.”

The Women’s March, in all its grassroots chaos, might be a feminist space where they’re actually welcome—or, at least, where they can inconspicuously march along with everyone else