Experts warn investors to not rush into any major changes to their strategy, regardless of the potential outcomes.
Experts warn investors to not rush into any major changes to their strategy, regardless of the potential outcomes.
Sen. Chuck Grassley (R-Iowa) has returned to his Washington office two weeks after he tested positive for COVID-19, his team announced Monday.While Grassley wasn't the first lawmaker to contract the virus, many people were concerned about the diagnosis because the senator is 87. It turned out, however, that he remained asymptomatic throughout the course of his infection and was able to keep working remotely.Still, Grassley didn't let his fortunate situation reshape his stance on the severity of the pandemic. In a statement, he noted that the disease "affects people differently" and "more than a thousand Americans are dying every day and many more are hospitalized." So, Grassley said, he'll "continue to wear a mask and practice social distancing."He also repeated his previous calls for Congress to pass a "long overdue," bipartisan relief bill to "help families, businesses, and communities get through this crisis." Tim O'Donnell> Grassley, 87, is back at the Senate today after testing positive for Covid-19. His office says he was asymptomatic the entire time. pic.twitter.com/qJImIJl8ZC> > -- Andrew Desiderio (@AndrewDesiderio) November 30, 2020More stories from theweek.com Americans are choosing death over deprivation Our parents warned us the internet would break our brains. It broke theirs instead. GOP Sen. Josh Hawley tries to explain how Democrats are both 'Marxists' and 'corporatists'
An air strike killed a commander of Iran's Revolutionary Guards at the Iraq-Syria border sometime between Saturday and Sunday, Iraqi security and local militia officials said on Monday. The vehicle was carrying weapons across the Iraqi border and was hit after it had entered Syrian territory, two Iraqi security officials separately said. The incident came just days after Iranian nuclear scientist Mohsen Fakhrizadeh was assassinated in Tehran in a killing that Iran has blamed on Israel.
President launches attacks on his own party despite two decisive Senate races in Georgia next month
Sen. Josh Hawley (R-Mo.) suggested Monday that he might oppose President-elect Joe Biden's nomination of Janet Yellen as Treasury secretary because Biden's Cabinet picks are "a bunch of corporate liberals and warmongers." Over the summer, The Bulwark's Tim Miller pointed out, Hawley told Fox News host Tucker Carlson that the Democratic Party "in thrall" to "the Marxist left.""Hawley could have ignored the criticism — after all, it’s not like his target audience is going to complain that he attacked the Democrats in two mutually exclusive ways," Jonathan Chait noted at New York. But Hawley, "a prep school kid with degrees from Stanford and Yale" who "still craves the respect of elites," evidently "felt compelled to show that he is not just a glib demagogue mouthing slogans." So this is how he reconciled his contradictory accusations:> Let me explain this to you. Corporate liberals are woke capitalists. The corporatists love critical race theory and all the other warmed-over Marxist garbage. They sell out working Americans and sneer at them at the same time. That’s the New Left https://t.co/pOrG5NdXsq> > — Josh Hawley (@HawleyMO) November 30, 2020If that doesn't make much sense to you, get in line. Some critics pointed out that Hawley's policies and fat donations from corporate interests aren't all that helpful to "working Americans," while others delighted in the word-salad incoherence of his explanation:> Tell us more about the corporate liberal Marxist capitalist critical-race-theorist socialist Wall Street leftist corporatist antifa fascist communists> > — Kevin M. Kruse (@KevinMKruse) December 1, 2020> This is the kind of answer on an exam in high school where the teacher would say quit using a bunch of words you read or heard somewhere without putting anything together in a paragraph that makes sense.> > — Matthew Dowd (@matthewjdowd) November 30, 2020"Big corporations do not like Marxists who want to discredit and destroy the system," and "Marxists do not support uses of the American military," Chait summarized. But "the most precious line Hawley's lecture to Miller is 'Let me explain this to you.' As if any fool can see the obvious congruity of his two attacks on Biden. Only the elites can't spot the obvious. Just ask any regular hardworking Missouri farmer, and he'll explain that neoliberal corporate warlords are working hand in glove with Marxists to use critical race theory in order to advance Janet Yellen's candidacy for Treasury secretary."More stories from theweek.com Americans are choosing death over deprivation Our parents warned us the internet would break our brains. It broke theirs instead. Biden's favorability rating jumped 6 points since the election, is already higher than Trump ever hit
Republicans have indicated that Joe Biden's prospective nomination of Neera Tanden to the Office of Management and Budget would not pass the Senate with a GOP majority.Tanden, a former Hillary Clinton aide and current president of left-wing think tank Center for American Progress, has a history of comments criticizing various Republican senators, whose approval she would need to head OMB."Senate Majority Leader Mitch McConnell [R., Ky.] has broken the Senate, he has broken the Supreme Court, and in conjunction with President Donald Trump, he has broken our democracy," Tanden wrote in a statement during the confirmation process for Justice Amy Coney Barrett. Tanden also criticized Senator Susan Collins (R., Maine) during the confirmation hearings for Justice Brett Kavanaugh.> Neera Tanden, who has an endless stream of disparaging comments about the Republican Senators’ whose votes she’ll need, stands zero chance of being confirmed. https://t.co/f6Ewi6OMQR> > -- Drew Brandewie (@DBrandewie) November 30, 2020"Neera Tanden, who has an endless stream of disparaging comments about the Republican Senators’ whose votes she’ll need, stands zero chance of being confirmed," Drew Brandewie, spokesman for Senator John Cornyn, wrote on Twitter on Monday."There’s the sacrifice to the confirmation gods…" commented Josh Holmes, former chief of staff to McConnell.Tanden is the first prospective cabinet nominee to generate considerable resistance among Republicans. Moderate senators Collins, Mitt Romney (R., Utah), and Lisa Murkowski (R., Alaska) have indicated that they will support Biden's cabinet picks as long as they are "mainstream." The nominees so far include Clinton aide Jake Sullivan for national security adviser, and Antony Blinken for secretary of state.Among Democrats, Tanden has drawn criticism for her apparent hostility to the progressive wing of the party. Tanden was an informal adviser to the Clinton campaign in 2016, which held off progressive challenger Bernie Sanders in the primary only to be defeated by Donald Trump in the general election.
Lew Wallace, the former territorial governor of New Mexico (and author of Ben Hur), once said, “Every calculation based on experience elsewhere fails in New Mexico.”In so many ways Wallace was prescient about this beautiful, poor, and unique state in the American Southwest. One “calculation” about modern politics that would especially perplex him is the fact that a relatively poor but oil-rich Western state elects politicians that are so directly at odds with its economic best interest.After Texas and North Dakota, New Mexico is the third-largest oil-producing state in the U.S. The oil and gas industries combine to generate roughly 40 percent of its annual budget. Furthermore, New Mexico’s oil and gas resources are heavily concentrated on lands managed by the federal government. The central role of energy, especially energy extracted within the state’s borders and controlled by federal policy-makers, might lead one to believe that New Mexicans would vote for pro-energy Republicans in federal elections.Instead, New Mexico has become a safely blue state. It narrowly went for George W. Bush in 2004 but since then has gone for Democrats by wide margins. The situation is even more stark at the state level, where Democrats have had “trifectas” (total control of both houses and the governor’s mansion) for 60 of the past 90 years. The GOP hasn’t had such governing authority in the state for a single year since 1931 and, despite significant turnover, has not elected a Republican to the U.S. Senate since Pete Domenici retired in 2009.In 2020 Biden won the state 54.3 percent to 43.5 percent despite the fact that President Trump’s pro-energy policies have been a boon to the New Mexico economy and that the Biden administration’s energy policies are a dagger aimed at the heart of New Mexico’s economy.That “dagger” comes in the form of the numerous -- sometimes clear, often conflicting -- statements that candidate Biden made during the campaign. It is unclear what Biden will do about hydraulic fracturing, or “fracking,” which enables oil and gas producers to access previously inaccessible oil and gas sources. He backed away from an outright nationwide ban late in the campaign. However, Biden has clearly stated that he would ban new gas and oil permits -- including fracking -- on federal lands.Targeting federal lands would devastate New Mexico’s oil and gas industry and its economy, because of the state’s large federal estate. According to the Institute for Energy Research, 34.7 percent of the land in New Mexico is federal. In fiscal year 2019, New Mexico received energy-related disbursement (from the federal Bureau of Land Management) of $1.17 billion, the highest payment made in any state (Wyoming was next, with $641 million, and then Colorado, with $108 million). This was the highest payment from the bureau in the state’s history and compares with $455 million in FY 2017. A vast majority of this increased revenue is a result of fracking.Furthermore, data from the Global Energy Institute indicate that if energy production on federal lands were banned, New Mexico would lose 24,300 jobs (10,000 direct, 14,300 indirect and induced), a significant hit for a state with a workforce of around 900,000. Making matters worse, a good number of the “direct” jobs lost are good-paying -- something that is not easy to find in New Mexico, a state that consistently ranks among the poorest in the nation and has been hard-hit by the COVID-19 pandemic. Closing New Mexico’s federal lands to energy production entirely would cost the state $496 million in annual royalty collections, representing 8 percent of the state’s total General Fund Revenues.Biden’s proposed fracking ban is even too much for New Mexico’s Democratic governor Michelle Lujan Grisham, who has said that she’ll ask for an exemption from any future drilling ban. Acknowledging the tax-revenue contributions to education funding, Grisham explained to the New Mexico Oil and Gas Association conference in Santa Fe last October that “without the energy effort in this state, no one gets to make education the top priority.”To be sure, Lujan Grisham is broadly supportive of Biden’s energy policies. (She’s even on the president-elect’s short list for administration positions.) Both of them have stated that they would like to “transition out of fossil fuels” despite New Mexico’s financial dependence on the industry.But Biden’s aggressive anti-fossil-fuels stance as it relates to federal land not only puts him at odds with Lujan Grisham, it puts him far to the left of President Obama on the issue. In a 2012 presidential debate, Obama stated, “We’ve opened up public lands. We’re actually drilling more on public lands than the previous administration. . . . And natural gas isn’t just appearing magically; we’re encouraging it and working with the industry.”President Obama was of course considered an environmentalist by political opponents and supporters alike. His support for natural-gas right isn’t difficult to reconcile with his environmental track record. That’s because (when used in a new power plants), natural gas emits 50 to 60 percent less CO2 than a typical new coal plant.Obama understood the vast benefits of natural gas, including the fact that it was appropriate to drill for it on federal lands. During his tenure, natural-gas production rose some 35 percent, from approximately 21 million cubic feet to more than 28.4 million cubic feet.If he truly cares about the environment, Biden would be wise to follow his predecessor’s playbook. According to the EPA, U.S. net greenhouse-gas emissions went down by 10 percent from 2005 to 2018, and much of the contribution to that decline in recent years was “due to an increasing shift to use of less carbon dioxide-intensive natural gas for generating electricity and a rapid increase in the use of renewable energy in the electric power sector.” But if natural-gas prices rise -- and a ban on federal leasing is likely to contribute to higher prices -- these positive developments could go into reverse. The Energy Information Administration recently projected that higher natural-gas prices would cause coal’s share of power generation to increase from 18 percent to 22 percent in 2021.Obama also signed into law legislation that ended the U.S. government’s restrictions on crude-oil exports back in 2015.During the campaign, Biden faced tremendous pressure from the left wing of his political base to come out for policies such the Green New Deal and bans on fracking and other fossil-fuel-based energy production. Biden has never been associated with such hard-Left stances against economic policy and growth in the past. Remember, even Obama is to the right of where Biden campaigned.Let's hope that President Biden has a more realistic approach to energy than did candidate Biden. New Mexico’s economic future is certainly at stake, but so is the recovery of our nation’s virus-hobbled economy.Rather than instituting a blanket ban on production of oil and gas on federal lands, a better approach would be to recognize the benefits and work to make sure that any production is handled responsibly and safely. The growing American energy sector and American energy independence have delivered wins for the environment, for consumers, and for the U.S. and state economies such as New Mexico’s. Let’s keep it that way.
The Supreme Court will begin hearing arguments Monday in President Trump's attempt to exclude undocumented immigrants from counting in the 2020 census. The decision could affect congressional representation and federal funding, and it's far from the only way Trump's immigration policies could resonate for decades to come.From implementing his Muslim ban in the early days of his presidency to recent changes to the U.S. citizenship test, much of Trump's term has centered around restricting both legal and illegal immigration. President-elect Joe Biden's election win hasn't slowed that pursuit. In Trump's last few weeks in office, he has reportedly pivoted to targeting birthright citizenship again. Trump's team has also used the pandemic to restrict the hiring of foreign workers and rapidly deport migrants and children who cross the southern border, and is rushing to add to his border wall. And if the Supreme Court — stacked with six conservatives — decides in Trump's favor, he could succeed in curbing representation and funding in left-leaning cities.Biden has pledged to reverse all of Trump's restrictive immigration policies, some in the first days of his presidency. But thanks to "the genius of Stephen Miller," the architect of Trump's harsh immigration policies, that may be impossible, a source familiar with the Biden transition tells CNN. The past four years of slashing immigration have weakened the nation's immigration infrastructure; For example, Trump's historic low refugee caps have weaned staff to the point that it could be impossible to quickly increase refugee admissions, as Biden has proposed. Read more about Trump's lasting immigration legacy at CNN.More stories from theweek.com Americans are choosing death over deprivation Our parents warned us the internet would break our brains. It broke theirs instead. GOP Sen. Josh Hawley tries to explain how Democrats are both 'Marxists' and 'corporatists'
he Supreme Court appeared skeptical on Monday that President Trump could exclude people living in the country illegally from the population count used to assign seats among the states in the House of Representatives.
The pro-democracy activist is “traumatised” after being arrested under a controversial security law.
Documents leaked to CNN show that the real tally of coronavirus cases was significantly higher than public figures suggested.
Hundreds of women have put themselves forward to be potential Conservative candidates in the past two weeks, as the party's co-Chairman Amanda Milling says the party is heading towards it’s third female prime minister. A year after Boris Johnson committed to equal gender representation amongst all Tory candidates, Ms Milling said a new outreach “mission” to encourage women to stand had led to an influx of interest. Buoyed by the success of the campaign, she argued that the Conservative Party will “probably” have a third Prime Minister by the time Labour gets its first. “That’s the way that we're going. We've done so much better than the Labour Party in getting females to the top of Government,” she admitted. Last year the Prime Minister described women making up half of Conservative candidates as an "ambition" and has recently pledged his support for an equal split amongst MPs too. However, the Tory party still has some way to go to catch up with Labour - more than half of all Labour MPs are women compared to a quarter of Conservative members. Ms Milling confirmed that the party would not be adopting all-female shortlists to reach its targets. She said:“ I don’t believe in all women shortlists. Because actually, what you need to ensure is that you've got the pipeline so that you find the best candidates and nurture them as they move through the system. “It's important that the most talented people, the right people get selected for seats and run regardless of who they are.” Instead, Ms Milling has overseen “the biggest review of the candidates process since the early 2000s”. Firstly, the party hopes to widen the “pipeline” process. Next year the co-Chairman will host a raft of roadshows across the country - with a particular focus on “Blue Wall” seats - to attract more female talent. The Government has also completely reviewed its assessments process by measuring up potential candidates against a “raft” of competencies and reintroducing psychometric testing. While the system to encourage candidates appears to be working there are undoubted deterrents to standing for political office. Abuse has intensified in recent years, with some female MPs claiming death and rape threats are "a daily occurrence”. Ms Milling admits that abuse has increased “across the board” and notes that women “have been experiencing more of it”.