Skip to main content

Home/ History Readings/ Contents contributed and discussions participated by leilamulveny

Contents contributed and discussions participated by leilamulveny

leilamulveny

Biden's Bipartisan Hopes Need Not Die Now - WSJ - 0 views

  • When President Barack Obama took office in 2009, the country was in the throes of a financial crisis requiring immediate action. The result was a quick, $831 billion economic stimulus plan, pushed through Congress in less than a month.
  • Politically, the problem with that outcome was that it set a partisan tone that lingered, making it hard for the Obama administration and Republicans to come together on subsequent initiatives. The residue of mutual bitterness and mistrust had lasting effects.
  • Perhaps more important, officials say that they will continue to pursue bipartisan outcomes—and that other items on the early to-do list should attract support in both parties.
  • ...6 more annotations...
  • The Biden administration has taken office in crisis mode, facing a coronavirus pandemic that it believes requires immediate action—specifically, a new economic stimulus plan that can be in place before supplemental federal unemployment benefits expire on March 14. Once again, there is the prospect that action will be taken entirely, or almost entirely, with Democratic votes, because the gap between what the White House wants and what Republicans think is necessary is yawning.
  • The grounds for a bipartisan effort in both areas were there in the Trump years, but bitterness over Democratic investigations of the president got in the way.
  • Two obvious obstacles stand in the way of post-stimulus bipartisanship. The first is that there simply won’t be enough money left. The new coronavirus package is just the latest of a handful of such pandemic plans financed, in effect, with borrowed dollars.
  • Republicans, having essentially looked the other way at a sea of red ink unleashed in the past four years, now are paying more attention to the rising federal debt load. But so are some Democrats.
  • Maybe partisanship is inevitable in today’s divisive political climate; maybe it is simply naive to think otherwise. The partisan divides of 2021 aren’t created simply by attitudes but by the changing nature of the Democratic and Republican parties from the ground up
  • The Democratic party is increasingly racially diverse, female and focused in urban areas along the coast. The Republican party is increasingly male, populated by voters without college degrees and focused in the heartland outside of coastal urban areas.
leilamulveny

Biden's Opposition to 'Forever Wars' Being Tested in Afghanistan - WSJ - 0 views

  • Though his deliberations are being overshadowed by the response to the coronavirus and arm-wrestling with Iran, President Biden is quietly struggling with one of the most consequential early decisions he will make: whether to proceed with the complete withdrawal of American troops from Afghanistan.
  • The Afghan conflict thereby has become not only the longest conflict in American history, but perhaps the most vexing as well.
  • In Mr. Biden’s case, a campaign promise to end “forever wars” is colliding head-on with the stark reality that violence in Afghanistan has, in some ways, gone up, not down, since the Trump administration pledged exactly one year ago this week to withdraw all U.S. forces by this May.
  • ...7 more annotations...
  • There is ample reason to believe that if the remaining 2,500 U.S. forces are withdrawn from Afghanistan, the Islamic fundamentalist Taliban forces fighting the internationally recognized Afghan government would take over the capital of Kabul within a matter of months.
  • Most important, the country that spawned the 9/11 terrorist attacks on U.S. soil could well revert to the incubator of violent Islamic extremism that it was once before.
  • Stacked up against that is candidate Joe Biden’s pledge to “end the forever wars in Afghanistan and the Middle East, which have cost us untold blood and treasure.” That statement not only mirrored the pledge made by former President Donald Trump, but also reflected broad public sentiment.
  • In a sense, that target already has been met: Mr. Trump reduced the troop level to 2,500 from 14,000 as a result of last year’s tentative peace agreement. The problem with going further is that the Taliban has shown neither the ability nor the willingness to actually go all the way toward real peace with the Afghan government.
  • The Taliban can’t seem to get out of its own way; a wise, if cynical, strategy would be to quell violence until American troops are gone, but that isn’t what has emerged.
  • On the other hand, there actually is progress in the normally bleak Afghan picture that’s worth protecting. A diplomatic process actually is under way, and the country is making slow progress in education and health.
  • Even a token military presence—2,500 troops out of America’s active force of some 1.3 million—can have an outsize impact in protecting those gains.
leilamulveny

Top U.S., China Officials to Meet Next Week in Alaska on Range of Issues - WSJ - 0 views

  • WASHINGTON—Top U.S. and Chinese officials are set to hold talks next week in the first high-level in-person meeting between the two powers since President Biden took office, after months of deteriorating ties.
  • Topics will include the Covid-19 pandemic, climate change, and issues of disagreement including China’s stance on Hong Kong and pressure on Taiwan, and the “undeclared economic embargoes” China has placed on Australia, a senior administration official said. The U.S. will also discuss Chinese practices seen as damaging to American workers and farmers, as well as intellectual property theft, forced technology transfer and human rights, the official said.
  • The sit-down comes as the contours of the Biden administration’s China policy take shape. Part of that centers on bolstering the U.S.’s economic competitiveness and its lead in cutting-edge technologies like semiconductors. Senate Majority Leader Chuck Schumer (D., N.Y.) recently instructed committee chairs to craft legislation to promote investments in American research and manufacturing, including semiconductor production, augmenting administration efforts.
  • ...7 more annotations...
  • Asian nations are also wary of getting caught in the middle of a battle between China, a major investor and market for their goods, and the U.S., for whom they rely on for security. The U.S., for instance, has offered rhetorical support for Australia, which has seen China cut off imports of Australian coal, wine and other goods over Canberra’s call for an independent investigation of how China handled the emergence of the coronavirus.
  • The cabinet secretaries’ visits next week will be their first trips overseas since taking office and, the State Department said, are meant to underscore the U.S. commitment to these alliances and the region’s security.
  • On Friday, Mr. Biden will host a virtual summit with other leaders of the so-called Quad, a strategic group seen as a bulwark against Chinese expansionism that includes Australia, Japan and India.
  • Relations, strained for years, pitched down last year as the Trump administration ramped up its drive to roll back China’s global influence, bolster support for partners such as Taiwan and confront Beijing over alleged espionage, its crackdowns on Hong Kong and in the Muslim-region of Xinjiang, and other policies seen as inimical to U.S. interests.
  • The U.S. hasn’t named its representative but for the Chinese it will be Ma Jun, a World Bank veteran and former chief economist at the People’s Bank of China who is an expert on environmentally sustainable finance.
  • “I told him I will work with China when it benefits the American people,” Mr. Biden tweeted afterward. Mr. Xi also pledged cooperation and told his counterpart a confrontation between the two powers would be a disaster, according to Chinese media.
  • The survey, which was conducted by Beacon Research and Shaw and Company Research, also found that 28% of Americans believe the U.S. should prioritize its military resources toward Asia, compared with the Middle East, which was second at 21%.
leilamulveny

Zoom Fatigue: The Differing Impact on Introverts and Extroverts - WSJ - 0 views

  • Over a year into the Covid-19 pandemic, more people are increasingly familiar with “Zoom fatigue,” the tiredness and burnout caused by overuse of videoconferencing tools such as Zoom.
  • Surprisingly, some medical experts say the toll of these video tools might be harder on extroverts. The reality is that both personality types prefer socializing in person, even if they do so differently. Here’s a look at the difficulties extroverts and introverts face with videoconferencing, and some workarounds depending on which part of the personality spectrum people land on.
  • “Zoom does not provide the same visceral feedback as a live conversation, so it is less satisfying,” says Roger McIntyre, a professor of psychiatry and pharmacology at the University of Toronto.
  • ...5 more annotations...
  • “One area where extroverts excel is the in-the-moment processing of bodily cues,” says William Lamson, an assistant professor of psychology in clinical psychiatry at Weill Cornell Medicine. But because video calls are more about talking heads, extroverts end up “using more focus and not likely getting the same reward as a live interaction,” Dr. Lamson says.
  • Creating more satisfying Zoom experiences does not, however, mean adding more video calls, say experts. Each individual has to find the right balance. Ken Schmitt, an executive recruiter in San Diego, says he used to use Zoom to socialize and even organized 40-person Zoom celebrations for his own and his wife’s 50th birthdays in 2020. Now he has cut back as he finds he experiences some Zoom fatigue every day from his virtual work calls.
  • For introverts, the structure and control of videoconferencing platforms could be somewhat comforting, compared with typical workplace social exchanges.
  • For one thing, in most virtual meetings, with multiple participants observing one another, “you feel like you’re being constantly watched,” says Dr. McIntyre. “Introverts prefer to control who is in their personal space and for how long.”
  • “Portion control is critical for everyone,” he says. Shorter video calls or making the video feature optional can help.
leilamulveny

Manhattan Prosecutors Advance Probe Into Trump's Seven Springs Estate - WSJ - 0 views

  • Manhattan prosecutors are intensifying their investigation into Donald Trump’s businesses, taking aim at a Westchester County, N.Y., estate that the former president unsuccessfully tried to develop, according to people familiar with the matter.
  • the Manhattan district attorney’s office has issued new subpoenas and requested recordings of local government meetings related to the Trump Organization’s failed attempt to create a luxury subdivision at Seven Springs, a 213-acre property that the former president bought for $7.5 million in 1995.
  • Inflating assets to help secure loans or other financial benefits can be a state criminal offense, legal experts said.
  • ...6 more annotations...
  • The scrutiny of Seven Springs is part of a broader criminal probe into Mr. Trump, his company and its officers that also includes financial dealings at properties such as Mr. Trump’s flagship Trump Tower in Manhattan, The Wall Street Journal has previously reported. Outside of New York, prosecutors are also examining a loan for the Trump International Hotel and Tower Chicago, people familiar with the matter said, which CNN reported earlier.
  • The district attorney’s office also requested recordings of planning-board meetings in Bedford, N.Y., one of three towns on which the Seven Springs estate sits, people familiar with the matter said. Messrs. Mastromonaco and Martabano appeared before the board with Mr. Trump’s son, Eric Trump, in 2012 and 2013, meeting minutes show.
  • Mr. Trump valued the property at $291 million in 2012, according to what he called his “statement of financial condition,” a collection of financial information compiled but not audited by his accountants. Mr. Trump valued the property at between $25 million and $50 million on financial-disclosure paperwork filed when he was president.
  • The office also has hired FTI Consulting Inc. to do forensic-accounting work on the case, people familiar with the matter said. An FTI spokesman declined to comment.
  • The information that prosecutors have requested centers on a yearslong effort to gain the necessary local approvals to build a subdivision of luxury homes after Mr. Trump’s original plan of building a golf course at Seven Springs fell through in the early 2000s. The subdivision effort dates to at least 2004 and continued through 2013, according to planning and zoning board documents.
  • The final appraisal, sent to Mr. Trump in 2016, values the property at $56.5 million and the conservation easement portion at $21.1 million. Seven Springs LLC, which is part of the Trump Organization, claimed a $21.1 million tax deduction for the easement in tax year 2015, a lawyer for the attorney general’s office has said in court.
leilamulveny

Oil's Turbulent Year Stirs Debate on Relevance of Benchmarks - WSJ - 0 views

  • A tumultuous year in oil markets left the energy industry reeling and gave fresh impetus to a perennial debate: What is the best gauge of crude prices?
  • The Covid-19 pandemic confined billions of people to their homes and shut or slowed portions of the global economy in 2020, crimping demand for oil.
  • The crisis reached its crescendo in April, when the price of light, sweet U.S. crude futures dived below $0 a barrel for the first time. Some traders were paying others to take oil off their hands.
  • ...11 more annotations...
  • “What we saw was the single largest demand event in history,” said Peter Keavey, managing director for energy products at CME Group, owner of the New York Mercantile Exchange, where U.S. crude futures trade.
  • Prices have since somewhat recovered. But those jarring moves of the spring added urgency to arguments about whether benchmarks used since the 1980s adequately reflect the modern oil market
  • The crash rippled through the physical market, where, for example, Saudi Arabia sets prices for exports to the U.S. using an assessment tied to futures prices.
  • The pricing system based on three benchmark crudes—West Texas Intermediate in the U.S., Brent in Europe and Dubai in the Middle East—has broadly stayed the same.
  • WTI futures show no sign of being displaced as the primary gauge of U.S. crude prices, said CME’s Mr. Keavey. “Crude-oil infrastructure in the U.S. still revolves around Cushing,” he said. “The Gulf Coast is certainly an emerging price point, but it is still a secondary benchmark.”
  • That means the price of the contracts typically converges with oil prices at Cushing in the run-up to their last day of trading.
  • “We need to open up the benchmarks to be more reflective of global oil prices,” said Greg Newman, chief executive of U.K.-based Onyx Capital Group, which specializes in oil swaps. “How can it be accurate if you’re focusing on one tiny localized area?”
  • Even before coronavirus, there was growing interest in assessing the price of crude at the Gulf Coast, home to other U.S. trading hubs.
  • there has been a boom in U.S. oil exports since a four-decade embargo on its shipments ended in late 2015.
  • Crude oil comes in dozens of varieties that differ by density and sulfur content. WTI, Brent and Dubai act as reference points against which other grades are priced. They also are the basis for financial contracts that allow players in the oil market to hedge against and speculate on price swings.
  • “Benchmarks always reflect flows,”
leilamulveny

Crude-Oil Price Overhaul Hits Delay Amid Shipping-Cost Uproar - WSJ - 0 views

  • Plans for the biggest overhaul in decades of how international oil prices are measured are being put on hold following objections over how to treat shipping costs.
  • starting in July 2022
  • European refiners have shifted to becoming large buyers of U.S. crude oil since the shale boom revived the American energy industry, importing more than a million barrels a day. That led Platts to say in late February that it would incorporate West Texas Intermediate Midland oil from Texas into the basket of crudes it uses to assess the price of Dated Brent.
  • ...4 more annotations...
  • The proposed change was meant to reflect the growing importance of U.S. exports in global energy markets.
  • The changes also were due to affect contracts known as cash BFOE, which reflect the forward price of crude that doesn’t yet have a specific loading date. Making sellers responsible for freight costs in the cash BFOE market would have transformed a pillar of the North Sea’s vast and complex crude-oil market, analysts said.
  • The proposed changes initially sparked a big rise in the price of swaps that traders use to hedge positions in the physical market, as they sought to factor in the price of freight.
  • Platts signaled Wednesday that West Texas Intermediate will still be added to its Brent calculations at some point in the future.
leilamulveny

Arrests of Unaccompanied Children at Southern Border Continue to Climb - WSJ - 0 views

  • The number of children crossing the border illegally rose 63% to 9,297 in February, U.S. Customs and Border Protection said Wednesday, an acceleration that has strained government resources and sparked a political backlash against the Biden administration’s planned immigration overhaul.
  • The number of migrants traveling as families more than doubled from the previous month to 18,945, while the number of single adults grew 9.9% to 68,732.
  • Single adults in particular have been making repeated attempts to enter the country illegally, officials said, so the actual number of individuals attempting illegal crossings is lower.
  • ...7 more annotations...
  • The administration has said it needs more time to accomplish its goal and has repeatedly warned prospective migrants that now isn’t the time to make the journey to the border.
  • the U.S. said Wednesday it is restarting a program allowing Central American children to come to the U.S. legally if they have a parent here. Mr. Biden was briefed earlier in the day by a team of senior administration officials who recently traveled to the Southern border to review the situation.
  • The Central American Minors program was started by former President Barack Obama in 2014 in response to the first wave of Central American children arriving at the border. Former President Donald Trump terminated the program in 2017, saying it was an immigration pathway that had been created without congressional approval.
  • The Central American Minors program was meant to provide a safe and legal alternative for children who would otherwise undertake dangerous journeys to the U.S., the State Department said when the program was announced.
  • “Neither this announcement nor any of the other measures suggests that anyone, especially children and families with young children, should make the dangerous trip to try to enter the U.S. in an irregular fashion,” Roberta Jacobson, the administration’s coordinator for the southern border, said at a news conference announcing the restart of the Central American Minors program at the White House. “The border is not open.”
  • One of the Trump administration policies that the Biden administration has maintained is a public-health-emergency order allowing Border Patrol agents to immediately turn back most migrants they encounter, skipping the process of formally arresting them and depriving them of the chance to ask for asylum. The policy is being applied to single adults who cross the border—still the majority of migrants—as well as most families.
  • The Biden administration also stopped expelling unaccompanied children to their home countries, a reversal of Trump administration policy that the Biden team says is a more humane approach to caring for children. The government has instead been allowing children to claim asylum or apply for other visas. The children are then transferred to the Department of Health and Human Services’ Office of Refugee Resettlement, which operates a network of child-welfare shelters around the country.
leilamulveny

Biden Seeks Deal to Buy Additional 100 Million Doses of J&J Covid-19 Vaccine - WSJ - 0 views

  • President Biden directed his administration to secure an additional 100 million doses of Johnson & Johnson’s Covid-19 vaccine by the end of the year and said he planned to share any excess vaccine supply with other nations.
  • “We need maximum flexibility. There’s always a chance we’ll encounter unexpected challenges,” Mr. Biden said of his additional intended purchases on Wednesday, following a meeting at the White House with J&J CEO Alex Gorsky and Merck & Co. Inc. CEO Kenneth Frazier. Asked what the U.S. will do with any leftover doses, Mr. Biden said, “If we have a surplus, we’re going to share it with the rest of the world.”
  • the U.S. would contribute a total of $4 billion to the international Covax program, an initiative aimed at supplying Covid-19 vaccines to the world’s poorest countries.
  • ...5 more annotations...
  • Ms. Psaki told reporters the additional J&J doses the administration intends to secure weren’t expected until the second half of the year and would allow the administration to plan for booster shots, if necessary, or for the possible approval of the vaccine for children.
  • “Some observers may view this corporate partnership as the coming together of rivals, but in these extraordinary times we are colleagues, not competitors,” Merck’s Mr. Frazier said on Wednesday.
  • The White House said states will receive 15.8 million doses this week, up from 15.2 million last week. Another 2.7 million doses will be distributed to pharmacies. Those shipments don’t include doses of the J&J vaccine due to manufacturing constraints.
  • The vaccine hasn’t been approved for people under 16 years old. Administration officials have sought to increase the total number of vaccines to prepare for all contingencies, including new variants that could require booster shots.
  • As part of the agreement, the administration committed to help Merck with upgrading its facilities for vaccine production. —Peter Loftus contributed to this article.
leilamulveny

What Does a New Administration and Democrat-Controlled Senate Mean for U.S. Property Ta... - 0 views

  • Real property taxes are determined at the state and local levels, so a new administration in the White House will not directly affect those charges. However, some tax changes are under consideration that could have implications for real estate.
  • The program applies to owners whose property is used as a rental. Currently, investors can sell a property and reinvest the proceeds in another real estate investment without being subject to capital gains taxes, Mr. Pegg explained.
  • The proposed $400,000 threshold “would essentially eliminate the strategy for most real estate investors,” Mr. Pegg explained,
  • ...2 more annotations...
  • Before the passing of the Tax Cuts and Jobs Act of 2017, the full amount of taxes paid to the local and state authorities could be deducted. The decrease in deductions has been a bone of contention for politicians from high-tax states like California, Illinois, New York, New Jersey and Connecticut.
  • Because homeowners can no longer deduct the full amount of their property taxes from their federal income tax bill, many have pulled up stakes from high-tax states and moved to places with less of a burden.
leilamulveny

Democrats' Minimum-Wage Setback Could Kick-Start Talks With Republicans - WSJ - 0 views

  • Democrats’ failure to pass a minimum-wage increase could spur bipartisan negotiations to bridge the big gap between the party’s progressive wing, its centrists and Republican senators on raising workers’ pay.
  • President Biden called on Congress to raise the wage to $15 an hour by 2025, a key demand of progressives, and House Democrats included the proposal in the version of the legislation they initially passed. But the proposal fell apart in the Senate, where centrist Democrats opposed it and special procedural rules forbid its inclusion in the relief package.
  • “It seems to me the universal agreement among not just Democrats, but Republicans who have recently introduced bills to raise the minimum wage, suggests that there’s broad bipartisan agreement,” said Sen. Chris Coons (D., Del.) recently. “So I do think there’s room for compromise.”
  • ...8 more annotations...
  • When Sen. Bernie Sanders (I., Vt.) offered an amendment to the Covid-aid bill on Friday pushing for the Senate to override the rules and raise the minimum wage to $15 an hour, eight Democrats voted against it, including swing votes Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona along with Mr. Coons.
  • A group of other Senate Republicans signed on to the proposal, with some additional GOP lawmakers saying they would be open to an increase.
  • White House press secretary Jen Psaki said Friday that Mr. Biden will use his “political capital” to help achieve a $15 minimum wage, and said he wasn’t currently considering a lower rate
  • But any Democratic effort to compromise with Republicans on a minimum-wage increase would need to contend with demands from progressive Democrats and activists to not back down from $15 an hour.
  • Sen. Manchin has said $15 is too high for low cost-of-living states and said he could support a minimum wage of $11 an hour. Other Democratic senators had expressed concern about the rate, as well as its extension to tipped workers, who currently must be paid a subminimum wage of as little as $2.13 an hour, as long as they earn the full minimum in gratuity.
  • Many economists say a smaller total increase or a raise spread out over more years would cause less job loss.
  • a $12-an-hour minimum wage by 2025 would reduce employment by 300,000, while increasing wages for up to 11 million workers and lift 400,000 above the poverty threshold. A minimum wage of $10 an hour by 2025 would have little effect on employment or poverty, while providing raises for up to 3.5 million workers.
  • “If the progressive view is that it’s $15 or nothing, they may end up with nothing,” said Glenn Spencer, head of the Chamber’s Employment Policy Division.
leilamulveny

Stimulus Package Update: What's in the Covid-19 Relief Bill - WSJ - 0 views

  • . The Senate passed the bill on Saturday and now sends it back to the House
  • The size of the package has stayed roughly the same since it was unveiled by Mr. Biden during the transition period, and after he rebuffed a proposal by a group of 10 Republicans who argued for a $618 billion bill.
  • The current House legislation contains $1,400 checks for individuals making less than $75,000 annually, and phased-out amounts for people with higher incomes. Married couples who file taxes jointly can receive two $1,400 checks if their combined income is below $150,000. A compromise with moderate Senate Democrats resulted in the benefit being phased out faster above the income threshold. Payments would phase out at $80,000 for individuals and $160,000 for married couples.
  • ...10 more annotations...
  • Children and adult dependents would be eligible for the full $1,400.
  • Enhanced unemployment benefits totaling $300 a week are set to expire on March 14, creating a de facto deadline for Congress to act. Senate Democrats struck a last-minute agreement Friday to set federal unemployment benefits at $300 a week, down from the $400 passed by the House, but extend their duration by a month, through September. In addition, the first $10,200 of the benefits for 2020 wouldn’t be taxable.
  • the restaurant industry will receive $25 billion in relief targeted at small and midsize restaurants and chains.
  • It allocates $8.75 billion to federal, state, local, territorial and tribal public-health agencies for distributing, administering and tracking vaccinations, with some funds specially dedicated to making sure the vaccination process reaches underserved communities.
  • While the package would make the child tax-credit changes only for one year, it is broadly expected that Democrats will seek to make them permanent in the future.
  • allow federal workers, including postal workers, to take as many as 600 hours of emergency paid leave related to Covid-19.
  • Vaccine development would also get a boost, with around $20 billion going to federal biomedical research for vaccine and therapeutic manufacturing and procurement, along with around $3 billion for a strategic national stockpile of vaccines. Another $25 billion would be spent on testing, contact tracing and reimbursing hospitals for lost revenue related to the pandemic.
  • Senate Democrats added a provision that would make much student-loan forgiveness free from income taxes, creating an exception from 2021 through 2025 to the normal rule that canceled debt is income
  • Not likely. Republicans see the bill as too large, saying it sprawls beyond pandemic aid and instead is a wish list of liberal priorities.
  • Republicans have used the budget-resolution amendment process to inflict political damage on Democrats and expose their differences on issues like providing aid to undocumented immigrants and raising the minimum wage. But they have been unable to strike many blows against support for the overall package, which enjoys strong approval in polls and has so far kept congressional Democrats united on its top-line priorities.
leilamulveny

House Passes $1.9 Trillion Covid-19 Stimulus Package; Biden Plans to Sign Friday - WSJ - 0 views

  • The House passed a $1.9 trillion coronavirus-relief bill and sent it to President Biden for his signature, with Democrats muscling an expansive round of new spending and antipoverty measures through Congress just as America begins to emerge from a year of pandemic-related shutdowns.
  • The vote was 220 to 211, with all GOP lawmakers and one Democrat, Rep. Jared Golden of Maine, voting against the bill.
  • Major expansions to several aid programs for low-income Americans will be temporary under the bill, though Democrats hope to make them permanent later in a broader effort to expand the federal safety net
  • ...10 more annotations...
  • raised some fresh worries about inflation and potentially overheating the economy. Republicans opposed the bill, attacking its price tag and calling many of its measures bloated or unnecessary and unrelated to the crisis.
  • Mr. Biden, Vice President Kamala Harris and key cabinet secretaries plan to spend the coming weeks traveling around the country touting the package and explaining how the public can take advantage of its benefits, White House officials said. Ms. Psaki said the White House is planning interviews with local media outlets as well as a digital strategy related to the bill.
  • Like in previous packages, the full direct payments will go to individuals making as much as $75,000 and married couples making as much as $150,000, and the $300 weekly jobless-aid supplement lawmakers approved in December will continue through Sept. 6. Federal unemployment benefits had been set to begin expiring on March 14, spurring lawmakers to quickly approve the package.
  • The additional subsidies could mean lower premium payments for almost 14 million people insured on the individual market.
  • reconciliation also enabled Democrats to move forward with measures that Republicans oppose, including $350 billion in aid for state and local governments that Republicans have assailed as a political handout in excess of the budget hardships caused by the pandemic.
  • The bill will expand the child tax credit—increasing the benefit to $3,000 per child from $2,000, with a $600 bonus for children under age 6—make it refundable, and authorize periodic payments.
  • Lawmakers are expected to push to make the expansion, set to last through 2021, permanent.
  • After a push from centrist Democrats in the Senate, lawmakers did downsize some elements of the bill. The direct payments will go to zero for individuals with incomes of $80,000 and married couples with incomes of $160,000, a faster phase-down than in previous aid packages.
  • At $21.9 trillion as of March 1, the debt is roughly the size of the nation’s entire economic output, the highest since the aftermath of World War II.
  • Economists surveyed by The Wall Street Journal expect the aid package to propel the U.S. economy to its fastest annual growth in nearly four decades, boosting employment and reducing poverty while also reviving inflation. The economists expect the economy to grow 5.95%, measured from the fourth quarter of last year to the same period this year. The bill also puts roughly $86 billion into a new program to help multiemployer pension plans. The measure would allow the Pension Benefit Guaranty Corporation to provide cash assistance to troubled multiemployer pension plans and ensure they continue paying benefits to retirees.
leilamulveny

Biden and Obamacare: One Sentence in Stimulus Plan Reveals Health Care Approach - The N... - 0 views

  • Tucked into President-elect Biden’s $1.9 trillion stimulus plan is a one-sentence provision that could drive billions in federal subsidies to help people afford to buy health insurance.
  • The proposal would do two things: make upper-middle-income Americans newly eligible for premium subsidies on Obamacare marketplaces, and increase the financial help that already goes to lower-income enrollees.
  • Now, control of the White House and a slim majority in Congress mean the first real prospect of significantly strengthening Obamacare since it became law in 2010.
  • ...8 more annotations...
  • President-elect Biden’s inclusion of policies to shore up the health law in his first major legislative package has raised those hopes further.
  • “We’re talking about improving affordability after not being able to have that conversation for years.”
  • One conducted in 2018 shows that 42 percent of those who shopped for individual market coverage found it “very difficult or impossible to find an affordable plan.”
  • The Biden plan would create a new cap — 8.5 percent of an individual or family’s income on premium contributions — for midlevel health plans, something the president-elect had also proposed during the campaign. This policy would mostly affect higher-earning Americans who do not currently qualify for subsidies.
  • The Center on Budget and Policy Priorities estimates that a family of four earning $110,000 would see monthly premiums for a midlevel health plan fall to $779 from $1,529.
  • These are low-income Americans, who make up the majority of those who still lack coverage in the United States. These people already receive help buying coverage, but are still left with paying a monthly premium share that can be unaffordable.
  • Numerous academic studies show that premium subsidies are the strongest driver of health law enrollment. Experts say this type of large increase, directed toward low-income Americans, could drive millions more to sign up.
  • “It’s important both in terms of helping people through this crisis, and as a sign of the seriousness with which he is considering the future of improvements to the Affordable Care Act,” she said. “This is a step in the right direction, and it’s certainly consistent with the bigger vision he campaigned on.”
leilamulveny

Trump Will Leave Office With His Lowest Approval Rating Ever - The New York Times - 0 views

  • Throughout four years of scandals and investigations, President Trump has maintained an approval rating that rarely budged from a 10-point band between 35 and 45 percent. Nothing he could say, do or tweet appeared to dramatically change public opinion of him
  • But the events of Jan. 6 — when a violent mob of Trump supporters incited by the president stormed the Capitol — appear to have damaged him in his final days in office in a way that finally moved the needle
  • approval rating of 29 percen
  • ...7 more annotations...
  • About 75 percent of the public said Mr. Trump bore some responsibility for the violence and destruction of Jan. 6, which put the lives of the vice president and members of Congress at risk and resulted in five deaths, according to the survey.
  • encouraged supporters who do not view President-elect Joseph R. Biden Jr. as legitimate, and refused to concede — has cost Mr. Trump support even with those individuals who have loyally supported him up until now.
  • Mr. Biden, in contrast, has benefited from how he has handled the transition period. About 64 percent of voters said they had a positive opinion of his conduct since the November election. The majority of voters said they also approved of his cabinet selections.
  • Mr. Trump’s polling while in office has been surprisingly stagnant, despite regular eruptions from the president
  • About 34 percent of respondents said they believed Mr. Trump was “definitely” or “probably” the rightful election winner.
  • Mr. Trump’s advisers have tried to play up that base of loyal support to him, noting that there are “welcome home” events planned for his arrival in Florida on Wednesday. They have also planned an upbeat send-off on the morning of Jan. 20 to commemorate his final departure from Washington as president, aboard Air Force One
  • Not only has he made history as the first president to be impeached twice. But he appears to be on track to leave office with the lowest approval rating of any modern-day president.
leilamulveny

Far-right activist is among the latest Capitol rioters to be arrested. - The New York T... - 0 views

  • Anthime Joseph Gionet, a far-right media personality nicknamed “Baked Alaska” who is known for livestreaming himself participating in illegal activity, was arrested by the F.B.I. on Friday and accused of illegally storming the Capitol during the attack on the building by President Trump’s supporters last week.
  • He posted a video that showed supporters of Mr. Trump taking selfies with officers in the Capitol who calmly asked them to leave the premises. The video showed the Trump supporters talking among themselves, laughing, and telling the officers and each other: “This is only the beginning.”
  • charged with two federal crimes
  • ...4 more annotations...
  • “Patriots are in control,” and said, “We are in the Capitol building, 1776 will commence again.”
  • Over 70 arrests have been made in relation to the riots, and at least 170 cases have been opened. Many of the mob participants have been easily identified through their social media posts.
  • Ms. Hernandez was seen in numerous videos and photographs holding Ms. Pelosi’s splintered nameplate like a prized keepsake. According to documents from the F.B.I., the agency received tips about Ms. Hernandez from her friends and acquaintances after she posted pictures and videos of herself parading around with the nameplate on Facebook and Snapchat. One tipster recognized her from a widely circulated video by ITV News, which is based in Britain.
  • Jenna Ryan, a real estate broker from Frisco, Texas, who took a private plane to Washington to participate in the mob, was also charged on Friday
leilamulveny

Who Is MyPillow C.E.O. Mike Lindell, One of Trump's Last Remaining Supporters From Corp... - 0 views

  • A major Republican donor who made his millions inventing a pillow made from shredded foam, Mr. Lindell would regularly pop up as a V.I.P. at Trump rallies
  • In July, he met with President Trump at the White House to push an unproven treatment in which he had a financial stake, oleandrin, as a therapeutic for the coronavirus.
  • It has been easy to treat Mr. Lindell as a comedic bit player in the story of the Trump presidency. He was a man the president thought was extremely famous because of his advertisements on cable news. He was a man the president would not dismiss, the way his advisers did, because he did not dismiss anyone who was rich and constantly on television.
  • ...6 more annotations...
  • Mr. Lindell arrived with a concerning agenda: A photograph of his partially visible notes showed that he wanted to speak to the president about invoking the Insurrection Act and appeared to recommend “martial law if necessary.” He also appeared to suggest moving Kash Patel, a Trump loyalist serving as chief of staff at the Defense Department, to the position of “C.I.A. Acting.”
  • In reality, Mr. Lindell is a conspiracy theorist who has been spreading inaccurate information about election fraud since November, when Joseph R. Biden Jr. won the presidential race
  • Even after the violent mob of Trump supporters stormed the Capitol last week, Mr. Lindell went on television to promote the lie that “Donald Trump will be our president for the next four years.” On Friday, he said he was the emissary of a lawyer working to prove that Mr. Trump won the 2020 election, but would not say who the lawyer was.
  • Mr. Lindell is a former crack cocaine and gambling addict, who created his company while battling his addictions.
  • In his memoir, John R. Bolton, the former national security adviser, wrote that the president had once encouraged him to stir up trouble by flashing a yellow legal pad in the White House briefing room, on which Mr. Bolton had scrawled notes about sending 5,000 more U.S. troops to Colombia.
  • Even if he did not intend to act on any of Mr. Lindell’s suggestions on Friday night, Mr. Trump, through the antics (intended or not) of his loyal pillowmaking friend, managed to stir another round of shock on his way out.
leilamulveny

Migrant Caravan, Now in Guatemala, Tests Regional Resolve to Control Migration - The Ne... - 0 views

  • Wielding truncheons and firing tear gas, Guatemalan security forces on Sunday stepped up their efforts to stop a caravan of thousands of Central American migrants who have surged in from Honduras in recent days in hopes of reaching the United States.
  • as many as 7,000 people. Many are fleeing poverty and violence made worse by the pandemic and two major hurricanes that pummeled the region late last year.
  • In recent years, the Trump administration has put considerable pressure on the governments of Central America and Mexico to stop these large-scale mobilizations of migrants before they reach the southwest border of the United States.
  • ...8 more annotations...
  • But over the course of several days, the Mexican government dismantled the caravan, which at one point numbered about 4,000 people, using persuasion and force.
  • ut in the spring of 2018, a migrant caravan that formed near the southern border of Mexico and came to include upward of 1,200 people at its peak — a record at that time — got President Trump’s attention and became a volatile flash point in the immigration debate.
  • In 2019, Mr. Trump put further pressure on Mexico, as well as Guatemala, Honduras and El Salvador, to crack down on illegal northbound migration, freezing American aid and threatening tariffs. Pressure on Mexico led to the deployment of thousands of Mexican security forces to help detain undocumented migrants as they traveled north.
  • The Trump administration also signed deals with the three Central American nations allowing the United States to send asylum seekers to those countries to apply for sanctuary there.
  • “They have no heart,” one Honduran migrant, Dixón Vázquez, 29, told the Agence France-Presse news service, speaking about the Guatemalan authorities. “We are risking our lives. There is no work in Honduras, especially after the two cyclones and the pandemic. We are going to hold out until they let us continue.”
  • While poverty, violence and government corruption appear to be the main drivers of the latest caravan, the change in American leadership this week may also be a factor. Migrants’ advocates and scholars have warned that President-elect Joseph R. Biden Jr.’s victory over Mr. Trump could inspire a surge of migrants hopeful that his administration will significantly relax migration policy, making it easier for them to get into the country.
  • Mr. Biden said he would move quickly to undo the tougher restrictions on asylum enacted by the Trump administration, including a policy that has forced many asylum seekers to wait in Mexico pending the outcome of their cases.
  • On his first day in office, Mr. Biden plans to ask Congress for a broad overhaul of immigration laws, changes that would include a pathway to citizenship for 11 million immigrants now in the United States illegally, plus aid for damaged Central American economies and plans to help people fleeing violence.
leilamulveny

How Republicans Are Warping Reality Around the Capitol Attack - The New York Times - 0 views

  • Immediately after the attack on the U.S. Capitol, all corners of the political spectrum repudiated the mob of President Trump’s supporters. Yet within days, prominent Republicans, party officials, conservative media voices and rank-and-file voters began making a rhetorical shift to try to downplay the group’s violent actions.
  • “I heard that on antifa websites, people were invited to go to the rally and dress up like Trump supporters, but I’m not sure what to believe anymore,” she said. “There were people there only to wreak havoc. All I know is that there was a whole gamut of people there, but the rioters were not us. Maybe they were antifa. Maybe they were B.L.M. Maybe they were extreme right militants.”
  • But any window of reflection now seems to be closing as Republicans try to pass blame and to compare last summer’s lawlessness, which was condemned by Democrats, to an attack on Congress, which was inspired by Mr. Trump.
  • ...7 more annotations...
  • “The riot was preplanned,” said Mr. Giuliani, the former mayor of New York City. “This was an attempt to slander Trump.” He added, “The evidence is coming out.”
  • Republicans are now using the looting to try to explain away the Capitol attack. The result, for some Republican voters, ranges from doubt to conspiratorial thinking.
  • In one of the ultimate don’t-believe-your-eyes moments of the Trump era, these Republicans have retreated to the ranks of misinformation, claiming it was Black Lives Matter protesters and far-left groups like antifa who stormed the Capitol — in spite of the pro-Trump flags and QAnon symbology in the crowd
  • Democrats pointed to the differences in motivation between the Capitol mob and the mass protests of the Black Lives Matter movement, which was not seeking to overturn an election or being incited by the president. Republicans saw the Capitol attack as the work of outsiders or as justified by the summer’s isolated incidents of looting and property destruction.
  • A new Pew Research poll released Friday showed the president’s approval rating dropping sharply among Republicans since he inspired the mob violence, cratering to an all-time low of 60 percent, more than 14 percentage points lower than his previous nadir. Among Americans at large, Mr. Trump’s approval rating was 29 percent, a low since he took office in 2017, and he had a 68 percent disapproval rating — his highest recorded number.
  • “The world that said this was actually a landslide victory for Donald Trump, but it was all stolen away and changed and votes were flipped and Dominion Voting Systems,” Mr. Meijer said, describing what he called a “fever swamp” of conspiracy theories
  • Interviews with local and state Republican officials show the long-term effects that the amplification of misinformation has among the party. While few members of Congress have agreed with Mr. Trump’s assertion that his actions were “totally appropriate,” several party officials did. And while many Republicans condemned violence, attacks on law enforcement personnel and the killing of a Capitol Police officer, Brian Sicknick, they did not agree that those things were the work of pro-Trump mobs acting in the president’s name, as is the consensus among law enforcement officials.
leilamulveny

Prospect of Pardons in Final Days Fuels Market to Buy Access to Trump - The New York Times - 0 views

  • The brisk market for pardons reflects the access peddling that has defined Mr. Trump’s presidency as well as his unorthodox approach to exercising unchecked presidential clemency powers. Pardons and commutations are intended to show mercy to deserving recipients, but Mr. Trump has used many of them to reward personal or political allies.
  • Brett Tolman, a former federal prosecutor who has been advising the White House on pardons and commutations, has monetized his clemency work, collecting tens of thousands of dollars, and possibly more, in recent weeks to lobby the White House for clemency for the son of a former Arkansas senator; the founder of the notorious online drug marketplace Silk Road; and a Manhattan socialite who pleaded guilty in a fraud scheme.
  • Mr. Trump’s former personal lawyer John M. Dowd has marketed himself to convicted felons as someone who could secure pardons because of his close relationship with the president, accepting tens of thousands of dollars from a wealthy felon and advising him and other potential clients to leverage Mr. Trump’s grievances about the justice system.
  • ...11 more annotations...
  • After Mr. Trump’s impeachment for inciting his supporters before the deadly riot at the Capitol, and with Republican leaders turning on him, the pardon power remains one of the last and most likely outlets for quick unilateral action by an increasingly isolated, erratic president.
  • He has also discussed issuing pre-emptive pardons to his children, his son-in-law and senior adviser, Jared Kushner, and Mr. Giuliani.
  • He has paid Mr. Tolman at least $10,000 since late last year to lobby the White House and Congress for a pardon for his son Jeremy Hutchinson, a former Arkansas state lawmaker who pleaded guilty in 2019 to accepting bribes and tax fraud, according to a lobbying disclosure filed this month.
  • That system favors pardon seekers who have connections to Mr. Trump or his team, or who pay someone who does, said pardon lawyers who have worked for years through the Justice Department system.
  • “This kind of off-books influence peddling, special-privilege system denies consideration to the hundreds of ordinary people who have obediently lined up as required by Justice Department rules, and is a basic violation of the longstanding effort to make this process at least look fair,” said Margaret Love, who ran the Justice Department’s clemency process from 1990 until 1997 as the United States pardon attorney.
  • “The criminal justice system is badly broken, badly flawed,” said the former senator, Tim Hutchinson, a Republican who served in Congress from 1993 to 2003.
  • . Any explicit offers of payment to the president in return could be investigated as possible violations of bribery laws; no evidence has emerged that Mr. Trump was offered money in exchange for a pardon.
  • A filing this month revealed that Mr. Tolman was paid $22,500 by an Arizona man named Brian Anderson who had retained him in September to seek clemency for Ross Ulbricht, the Silk Road founder. Mr. Ulbricht was sentenced to life in prison in 2015 for engaging in a continuing criminal enterprise and distributing narcotics on the internet.
  • The former Trump campaign adviser, Karen Giorno, also had access to people around the president, having run Mr. Trump’s campaign in Florida during the 2016 primary and remaining on board as a senior political adviser during the general election.
  • Though the name was never publicly disclosed, Mr. Kiriakou was sentenced to 30 months in prison. In the meeting, at the Washington office of his lawyer, Mr. Kiriakou said he had been wronged by the government and was seeking a pardon so he could carry a handgun and receive his pension.
  • In July 2018, Ms. Giorno signed an agreement with Mr. Kiriakou, a copy of which was obtained by The New York Times, “to seek a full pardon from President Donald Trump of his conviction” for $50,000 and promised another $50,000 as a bonus if she secured a pardon.
‹ Previous 21 - 40 of 95 Next › Last »
Showing 20 items per page