How investors view the Georgia U.S. Senate runoff
Investors have been weighing a major political unknown since the November election that could ripple through asset prices: control of the Senate. Yahaira Jacquez reports.
Fresh off his inauguration Wednesday, President Biden began his term with executive orders on measures ranging from curbing the coronavirus pandemic to addressing racial inequality, many of which roll back measures enacted by former President Donald Trump’s administration.
On the eve of President-elect Joe Biden’s inauguration, freshman Rep. Marjorie Taylor Greene, the combative Georgia Republican known for her association with QAnon, was back on Twitter after a 12-hour suspension, and back to making waves.
The evenly split Senate is having a hard time agreeing who's in charge.Georgia's two new Democratic senators were sworn in Wednesday, giving Republicans and Democrats 50 senators each, with Vice President Kamala Harris as a Democratic tiebreaker. The two parties are now working out a power-sharing agreement, but Senate Minority Leader Mitch McConnell's (R-Ky.) commitment to the filibuster is standing in the way.McConnell on Thursday formally acknowledged Sen. Chuck Schumer (D-N.Y.) as the chamber's new majority leader. But as he has been for days, McConnell again implored Democrats to preserve the filibuster that lets a senator extend debate and block a timely vote on a bill if there aren't 60 votes to stop it. Democrats "have no plans to gut the filibuster further, but argue it would be a mistake to take one of their tools off the table just as they're about to govern," Politico reports; More progressive senators do want to remove the option completely.If his filibuster demands aren't met, McConnell has threatened to block the Senate power-sharing agreement that would put Democrats in charge of the body's committees. But Democrats already seem confident in their newfound power, with Sen. Jon Tester (D-Mont.) telling Politico that "Chuck Schumer is the majority leader and he should be treated like majority leader." Giving in to McConnell "would be exactly the wrong way to begin," Sen. Richard Blumenthal (D-Conn.) echoed.Other Democrats shared their resistance to McConnell's demands in tweets. > McConnell is threatening to filibuster the Organizing Resolution which allows Democrats to assume the committee Chair positions. It's an absolutely unprecedented, wacky, counterproductive request. We won the Senate. We get the gavels.> > -- Brian Schatz (@brianschatz) January 21, 2021> So after Mitch McConnell changed the Senate rules at a blistering pace during his 6 years in charge, he is threatening to filibuster the Senate's organizing resolution unless the Democratic majority agrees to never change the rules again.> > Huh.> > -- Chris Murphy (@ChrisMurphyCT) January 21, 2021More stories from theweek.com 7 brutally funny cartoons about Trump's White House exit Biden removes Trump's Diet Coke button from the Oval Office Biden's team reportedly realized after inauguration that Trump really had no vaccine distribution plan
China imposed sanctions on nearly 30 former Trump administration officials moments after they left office on Wednesday. In a statement released just minutes after President Joe Biden was inaugurated, Beijing slapped travel bans and business restrictions on Trump’s secretary of state, Mike Pompeo, national security adviser Robert O’Brien and U.N. ambassador, Kelly Craft. Others covered by the sanctions include Trump’s economic adviser Peter Navarro; his top diplomat for Asia, David Stilwell; health and human services secretary, Alex Azar; along with former national security adviser John Bolton and strategist Stephen Bannon.
President Biden pushed back on a reporter at a press briefing on Thursday, who questioned whether the new administration’s coronavirus vaccine goal is ambitious enough. Biden has set a goal to vaccinate 100 million Americans during his first 100 days in office. During the press conference, Biden called the Trump administration’s distribution of coronavirus vaccines a “dismal failure so far,” warning that “things are going to continue to get worse before they get better.” However, the seven-day rolling average for coronavirus vaccine doses administered to Americans currently sits at 912,000, according to the Bloomberg vaccine tracker. (On Wednesday alone, 1.6 million doses were administered.) This indicates that the Biden administration is not far from its goal of vaccinating one million Americans per day. On Thursday, Associated Press reporter Zeke Miller asked Biden if the vaccination goal was “high enough,” since “that’s basically where the U.S. is right now.” “When I announced it you all said it wasn’t possible. Come on, give me a break, man,” Biden responded. “It’s a good start, a hundred million.” Internal projections from the Trump administration showed that the U.S. could administer at least 170 million doses by the end of April, two Trump administration officials told Bloomberg. During the press conference, Biden also announced that he would invoke the Defense Production Act to “accelerate the making of everything that’s needed to protect, test, and vaccinate and the care of our people.” Biden warned that the death toll from coronavirus infections would hit 500,000 in February. Over 408,000 Americans have died of COVID-19 as of Thursday.
Donald Trump bragged about his tax cuts and attempted to take credit for an anticipated economic boom under President Biden to the smattering of supporters his team was able to corral for the event.
Twitter has locked the account of China's U.S. embassy for a tweet that defended China's policy towards Muslim Uighurs in Xinjiang, which the U.S. social media platform said violated its stand against "dehumanizing" people. China's Foreign Ministry said on Thursday that it was confused by the move and that it was the embassy's responsibility to call out disinformation and clarify the truth. The Chinese Embassy account, @ChineseEmbinUS, posted a tweet this month that said that Uighur women had been emancipated and were no longer "baby-making machines", citing a study reported by state-backed newspaper China Daily.
Senator Lindsey Graham (R., S.C.) on Wednesday warned fellow Republicans that if they try to “erase Donald Trump from the party, you’re going to get erased.” “I hope people in our party understand the party itself,” he told Fox News hours after President Joe Biden was sworn-in. “Most Republicans like his policies. A lot of Republicans like his style,” Graham said. “A lot of people are disappointed with him personally at times but appreciate the outcomes he’s achieved for our country.” Asked if he thinks Trump will try to start another political party — according to the Wall Street Journal, the former president is toying with the idea of forming a “Patriot Party” — Graham said he hoped Trump does not, adding that he would like to see him “stay the leader of the Republican Party.” He defended Trump’s presidency as “a good four years for judges, for rebuilding the military, for bringing order to the border, for historic peace agreements in the Mideast.” He also commended the former president’s appointment of three Supreme Court justices. “I hope President Trump understands that his legacy and his best future lies with the Republican Party,” he said. He added that removing Trump from the party “would be a disaster … The one way Democrats can survive is for the Republican Party to crack up. The best way for the Republican Party to crack up is try to move forward without Donald Trump.” A number of Republicans have disavowed Trump in recent weeks after a mob of his supporters stormed the U.S. Capitol on January 6, leaving five people dead. A handful of House Republicans joined Democrats in voting to impeach the president for “incitement of insurrection.”
Indonesian authorities on Thursday ended the search for remaining victims and debris from a Sriwijaya Air jet that nosedived into the Java Sea, killing all 62 people on board. Transportation minister Budi Karya Sumadi said retrieval operations have ended after nearly two weeks, but that a limited search for the missing memory unit from the cockpit voice recorder will continue. The memory unit apparently broke away from other parts of the voice recorder during the crash.
Qatar has not taken any initiative to solve the problems with Bahrain, despite an agreement to end a rift of more than three years, Bahrain's Foreign Minister Abdullatif Al Zayani said on Thursday. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt agreed earlier this month at a summit to restore diplomatic, trade and travel ties severed in 2017 over accusations that Qatar supported terrorism, a charge it denies. The emerging deal followed mediation efforts by the administration of former U.S. President Donald Trump and Kuwait.
800 feet up in the sky, the Dreamy 6,000 square foot space offers panoramic views from the East River to the HudsonOriginally Appeared on Architectural Digest
A Delaware News Journal reporter captured a powerful, private moment on Wednesday as Joe Biden gave his first address as president of the United States. "Poignant moment," the reporter, Patricia Talorico, captioned the photo, which swiftly went viral. "While Joe Biden gave his inauguration speech, a lone man in a uniform knelt at the Delaware grave of his son Beau."> Poignant moment: While Joe Biden gave his inauguration speech, a lone man in a uniform knelt at the Delaware grave of his son Beau. pic.twitter.com/QkCuJRHzTz> > — Patricia Talorico (@PattyTalorico) January 20, 2021As Talorico explained in a subsequent article, "Delaware is a tiny state." She described how back in 2002, when she was struggling with an assignment from her editor, Beau Biden approached her to ask if she was okay while she sat alone on a bench at an elementary school in Wilmington. "He wasn't in office at the time," she wrote. "He was just being kind. It wasn't a grand gesture, just a small one, but somehow, it made a difference that day. I never forgot that act of kindness."On Wednesday, Beau — who died of a brain tumor in 2015 at the age of 46 — was on Talorico's mind, and she decided to drive by his grave to say "a short prayer" when she saw "a lone man in a blue uniform kneeling at Beau's grave. No one else was around … In my car, I had the radio tuned to CNN. Joe Biden was being sworn in as president and was about to begin his address."As Talorico writes, "The journalist in me wanted to go back and find out [the man's] identity and ask why he was there. The person who once received a kind gesture from Beau when I needed it most knew it was a time to be respectful, and I drove away." Read her full story at Delaware News Journal.More stories from theweek.com 7 brutally funny cartoons about Trump's White House exit Biden removes Trump's Diet Coke button from the Oval Office Biden's team reportedly realized after inauguration that Trump really had no vaccine distribution plan
Residents of member-only estate described Trump Jr's upcoming presence as 'a nightmare'
Already facing allegations of stealing more than $600,000 in federal funds from a health care school she directed, a Tennessee state senator has been charged in a new fraud case, the U.S. attorney’s office in Memphis said Tuesday.
The vice president's residence at the Naval Observatory, where Harris will live, is undergoing repairs.
The European Union and Turkey pressed each other on Thursday to take concrete steps to improve relations long strained by disagreements over energy, migration and Ankara's human rights record. Turkey, which remains an official candidate for EU membership despite the tensions, is facing the threat of EU economic sanctions over a hydrocarbons dispute with Greece in the eastern Mediterranean, but the mood music between Brussels and Ankara has improved since the new year.
Amazon's worldwide consumer CEO Dave Clark has offered to help the Biden administration with its coronavirus vaccination goals by mobilizing efforts to inoculate its employees, according to a letter sent to President Biden on Wednesday.Why it matters: As demand for the coronavirus vaccine is outstripping supply, Amazon has about 800,000 employees, many who are essential workers. The Biden administration wants to vaccinate 100 million Americans in 100 days. Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here. * Amazon also offered up any technologies, communications and personnel to the White House to help move along tracking and vaccinations. What they're saying: "Amazon stands ready to assist you in reaching your goal," the letter says. * "The essential employees working at Amazon fulfillment centers, AWS data centers and Whole Foods Market stores across the country who cannot for from home should receive the COVID-19 vaccine at the earliest appropriate time. We will assist them in that effort." Be smart: sign up FREE for the most influential newsletter in America.
China on Thursday expressed hope the Biden administration will improve prospects for people of both countries and give a boost to relations after an especially rocky patch, while getting in a few final digs at former Trump officials. “I think after this very difficult and extraordinary time, both the Chinese and American people deserve a better future,” Foreign Ministry spokesperson Hua Chunying told reporters at a daily briefing. “Many people of insight in the international community are looking forward to the early return of Sino-U.S. relations to the correct track in making due contributions to jointly address the major and urgent challenges facing the world today,” Hua said.
Jones and his team worked together with attorneys to prevent Paul Pierrilus from being illegally deported to Haiti, where he has never been. Former President Donald Trump moved to have Paul Pierrilus deported to Haiti, but the office of freshman Congressman Mondaire Jones prevented the action. The Washington Post reported the Trump administration attempted to have Pierrilus sent to Haiti although he had never been to the country.
A British prosecutor hired by the Hong Kong government to lead a case against democracy activists has pulled out after coming under pressure in Britain including 'disgraceful' comments by its foreign minister, city authorities said on Wednesday. David Perry, a Queen's Counsel, was due to lead the case against tabloid media magnate Jimmy Lai and several others, including veteran democracy activists Martin Lee and Margaret Ng. But Hong Kong's Department of Justice noted "growing pressure and criticism" of Perry in Britain for taking the case, adding in a statement that he had "concerns about such pressures and the exemption of quarantine" and "indicated that the trial should proceed without him".