Get set for more volatility in oil prices in '21

New lockdowns and a phased rollout of vaccines to treat the coronavirus could restrain crude oil demand next year, and perhaps beyond. Fred Katayama reports.

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  • Biden introduces sweeping immigration reform bill, rolling back Trump orders 

    In addition to rolling back a number of Trump orders via executive action, Biden’s day-one immigration agenda includes the introduction of an ambitious legislative overhaul of the U.S. immigration system.

  • Republicans built up QAnon backer Rep. Marjorie Taylor Greene, but now are they afraid of what they created?

    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. 

  • ‘It’s unfortunate’: Ashley Biden confirms first lady snubbed her mother on traditional White House handover

    "I think we’re all OK with it,' says incoming first daughter in first ever TV interview

  • China hits Trump officials with sanctions on their way out

    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.

  • U.S. blacklists oil traders, tankers for undermining Venezuela sanctions

    The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington's sanctions on the South American nation. The measure targets a network that the U.S. Treasury Department says helped the administration of President Nicolas Maduro, whose 2018 re-election Washington called a sham, broker the sale of hundreds of millions of dollars in Venezuelan oil.

  • Trump is reportedly just going up to people and asking if they want a pardon

    President Trump has spent the last few days asking his friends, aides, and associates if they would like pardons — even those who are not facing any charges, a senior administration official told The Washington Post.In one case, the official said, Trump offered a pardon to a person who declined the chance at clemency, saying they weren't in any legal trouble and hadn't committed any crimes. "Trump's response was, 'Yeah, well, but you never know. They're going to come after us all. Maybe it's not a bad idea. Just let me know,'" the official recounted.Trump has taken a great interest in pardoning people, the Post reports, even calling families to personally let them know he granted a pardon. A person familiar with the matter told the Post that Trump was talked out of pardoning himself, family members, and controversial figures like Rudy Giuliani. An aide said there was also a brief discussion about possibly issuing pardons related to the Jan. 6 Capitol attack, but that idea went nowhere.While Trump has held a few ceremonial events in recent weeks, journalists have been kept away from the White House, largely because the president is "just not in a place where they would go well," one official told the Post. Trump is constantly flip-flopping, another administration official said, talking about his future but uncertain of where he will be. "He goes between, 'Well, I'm going to go to Florida and play golf, and life is honestly better,' and then in the next moment, it's like, 'But don't you think there's a chance to stay?'" the official said. Read more at The Washington Post.More stories from theweek.com Bernie Sanders steals the inauguration with his grumpy chic outfit Only a sprinkling of Trump supporters showed up at state capitols to protest Biden's inauguration QAnon believers are realizing their entire conspiracy was a hoax as Biden is sworn in

  • Former NBA player stages one-man inauguration protest

    The District of Columbia was prepared for violence as President Biden was inaugurated on Wednesday. Following the riotous insurrection staged by supporters of then-President Donald Trump at the U.S. Capitol on Jan. 6, much of the downtown area in the nation's capital was turned into a fortified "red zone" patrolled by thousands of members of the National Guard. However, the anticipated large pro-Trump demonstrations did not take place, but one man did take to the streets to protest Biden's victory: former NBA player David Wood. Clothed in religious and patriotic paraphernalia, Wood told Yahoo News that he is confident that Biden will resign or be arrested for committing voter fraud shortly after taking office — though he does not personally subscribe to the QAnon conspiracy that makes similar baseless claims.

  • Workers trapped week in China mine ask for pickles, porridge

    Workers trapped for more than a week in a Chinese gold mine asked for pickles and porridge to be dropped to them while they wait to be rescued, state media reported Tuesday. The website of the People's Daily said the request came after a telephone line was dropped to the group of 11 inside the mine's No. 6 chamber. Another survivor of the mine explosion a week ago is inside an adjoining chamber while the fate of 10 others remains unknown, according to officials in the city of Yantai in the eastern province of Shandong.

  • Senate's top Democrat, Republican seek path to guide 50-50 chamber

    Facing a 50-50 partisan split in the U.S. Senate, the chamber's top Democrat and Republican discussed adopting a power-sharing deal similar to one struck two decades ago in similar circumstances, a Democratic spokesman said on Tuesday. Democrat Chuck Schumer, set to become majority leader on Wednesday thanks to incoming Vice President Kamala Harris' tie-breaking vote, told the chamber's top Republican, Mitch McConnell, that he favored adopting a deal along the lines of the 2001 arrangement "without extraneous changes from either side," a Schumer spokesman said.

  • Trump's health care plan is delayed again — forever

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  • Georgia lawyer said he kicked in Pelosi's door, she could've been 'torn into little pieces'

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  • UK: 'Genocide' clause to China trade deals narrowly defeated

    British Prime Minister Boris Johnson narrowly avoided a defeat in Parliament on Tuesday after lawmakers voted against a controversial proposal seeking to bar trade deals with any country deemed by the U.K. High Court to be committing genocide. The amendment to the government’s post-Brexit trade bill was largely designed to force international action in addressing China’s alleged human rights abuses against the Uighur minority in the far western Xinjiang region.

  • Fox News contributors choke up talking about the importance of Kamala Harris being the first Black woman VP

    Liberal Fox News contributor Richard Fowler choked up during an appearance on the network as he marveled at the numerous glass ceilings broken by Vice President Kamala Harris on Wednesday."One part [of the inauguration] that caused me to get real emotional was, we've been a country for 243 years, and in all those 243 years, we have had women citizens but we have never had a woman hold national office," Fowler said, his voice breaking as he went on. "So to see Kamala Harris put her hand on the Bible today -- also being her and I are of Jamaican descent, and I just think about my grandmother and my mom and so many other women who saw this, and so many young girls who can finally believe that they can be president, too, because of what we did as a country back in November."> Fox News contributor Richard Fowler gets emotional when talking about Kamala Harris being the first woman VP, and how it makes him think about his grandmother and mom, who like Harris are of Jamaican descent pic.twitter.com/Wdlo8Ca3uh> > -- Aaron Rupar (@atrupar) January 20, 2021Fowler was not the only contributor on Fox News on Wednesday to be audibly moved by the significance of Harris' oath. Political analyst Juan Williams also emotionally explained, "It's visceral, and I'll tell you why. I have granddaughters, I'm the son of a Black mother -- you think about American history, you think about the status of Black women in this country for most of our history. And the idea that a Black woman would assume such power in this moment as a national leader -- truly inspiring." > Fox News' Juan Williams gets choked up talking about Kamala Harris:> > "You think about the status of Black women in this country for most of our history. And the idea that a Black woman would assume such power in this moment as a national leader, truly inspiring." pic.twitter.com/K13K0Q1vVX> > -- Parker Molloy (@ParkerMolloy) January 20, 2021More stories from theweek.com A lone man knelt at Beau Biden's grave as President Biden gave his inauguration speech Bernie Sanders steals the inauguration with his grumpy chic outfit Cheap, 'generic' drug reduces COVID-19 death risk by 75 percent, trials suggest

  • Trump fraud claims open Republican rift in Texas and other red states

    Pat Cowan, a Republican official in west Texas, would rather blow up her party than see it controlled by “weak” Republicans who increasingly are distancing themselves from President Donald Trump since the U.S. Capitol riots he is accused of inciting. “You can’t tell those Republicans from the Democrats!” she scoffed in an interview at her home in Levelland, Texas.

  • What happened to Joe Biden’s father? President references his dad’s unemployment in inaugural address

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  • The Coolest New Automotive Technology at CES 2021

    Mercedes-Benz’s Hyperscreen, General Motors’ Bright Drop, and Jeep’s Electric Wrangler were among the unveils that turned headsOriginally Appeared on Architectural Digest

  • China labels Pompeo 'doomsday clown' over genocide claims

    China’s Foreign Ministry described outgoing U.S. Secretary of State Mike Pompeo on Wednesday as a “doomsday clown” and said his designation of China as a perpetrator of genocide and crimes against humanity was merely “a piece of wastepaper.” The allegations of abuses against Muslim minority groups in China's Xinjiang region are “outright sensational pseudo-propositions and a malicious farce concocted by individual anti-China and anti-Communist forces represented by Pompeo,” spokesperson Hua Chunying told reporters at a daily briefing.

  • Cheap, 'generic' drug reduces COVID-19 death risk by 75 percent, trials suggest

    Ivermectin, a cheap and "generic" antiparasitic drug "used all over the world," may significantly reduce the risk of death in patients suffering from moderate to severe cases of COVID-19, researchers have found.The University of Liverpool's Andrew Hill and others carried out a meta-analytical breakdown of 18 studies that showed the drug — which is off-patent and commonly used to treat lice and scabies, as well as some more serious parasites — appears to reduce inflammation and eliminate the coronavirus swiftly, the Financial Times reports. In six of those trials, the mortality risk was cut by 75 percent in patients with more serious COVID-19 infections. The research team has also theorized the drug could also make it harder for infected people to transmit the virus.Hill said he's encouraged by the findings, but further studies are needed, especially since several of those in the analysis were not peer-reviewed. FT also notes that meta-analyses, which look at many studies at once, can be prone to errors. Read more at the Financial Times.More stories from theweek.com A lone man knelt at Beau Biden's grave as President Biden gave his inauguration speech Bernie Sanders steals the inauguration with his grumpy chic outfit Biden signs wave of executive orders to immediately reverse Trump policies

  • The list of people Donald Trump pardoned on his last day in office (and the reasons why)

    In his last day in office as US president, Donald Trump granted pardons to 73 people and commuted the sentences of another 70. Below are some of the details given by the White House of who was chosen, and why. Todd Boulanger – Full pardon In 2008, Mr Boulanger pled guilty to one count of conspiracy to commit honest services fraud. He has taken full responsibility for his conduct. Mr Boulanger is a veteran of the United States Army Reserves and was honorably discharged. He has also received an award from the City of the District of Columbia for heroism for stopping and apprehending an individual who assaulted an elderly woman with a deadly weapon on Capitol Hill. Abel Holtz – Full pardon Mr Holtz is 86. In 1995, he pled guilty to one count of impeding a grand jury investigation and was sentenced to 45 days in prison. Rick Renzi – Full pardon In 2013, Mr Renzi - a father of 12 - was convicted of extortion, bribery, insurance fraud, money laundering, and racketeering. He was sentenced to two years in Federal prison, two years of supervised release, and paid a $25,000 fine. Before his conviction, he served three terms in the House of Representatives. His constituents considered him a strong advocate for better housing, quality education, and improved healthcare—especially for the underprivileged and Native Americans. Kenneth Kurson – Full pardon Prosecutors have charged Mr Kurson with cyberstalking related to his divorce from his ex-wife in 2015. In a letter to the prosecutors, Mr. Kurson’s ex-wife wrote on his behalf that she never wanted this investigation or arrest and, “repeatedly asked for the FBI to drop it… I hired a lawyer to protect me from being forced into yet another round of questioning. My disgust with this arrest and the subsequent articles is bottomless…” Casey Urlacher – Full pardon Mr Urlacher, the Mayor of Mettawa, Illinois, has been charged with conspiracy to engage in illegal gambling. Throughout his life, he has been committed to public service and has consistently given back to his community. Carl Andrews Boggs – Full pardon In 2013, Mr Boggs pled guilty to two counts of conspiracy. Since his release, he has rebuilt his company, has employed hundreds of people, and has dedicated countless hours and financial resources to his community. Jaime A Davidson – Sentence commuted In 1993, Mr Davidson was convicted and sentenced to life imprisonment in relation to the murder of an undercover officer. Notably, witnesses who testified against him later recanted their testimony in sworn affidavits and further attested that Mr Davidson had no involvement. The admitted shooter has already been released from prison.

  • 12-year-old boy swept to sea by wave in northern California

    The boy was pulled into the water Monday, while the National Weather Service warned that waves could swell to 25 feet.