“After Manchin agreed with Senate Majority Leader Chuck Schumer on the party-line tax, health care and energy bill, the West Virginia Democrat found himself bargaining with fellow moderate Sen. Kyrsten Sinema. Both hard-nosed negotiators, the Arizona Democrat’s business-friendly tax-approach clashed sharply with Manchin’s more progressive positions on taxes.
Manchin sought to target the wealthy and ended up agreeing with Schumer to target the so-called carried interest loophole that allows some people to pay lower tax rates on investment income. He also signed off on a corporate minimum tax package that most Democrats believed Sinema supported.
Ultimately, Sinema took a scalpel to the corporate minimum tax and scuttled any changes to carried interest, which Manchin called particularly “painful.” Triangulating between them through all of it: Schumer, whose job was harmonizing the views of the very public Manchin with an often-silent Sinema.”
“These days, Republicans are making no secret of their plans to use a Hunter Biden inquiry next year as a platform to go after his father — after years of brushing off conflicts of interest within Trump’s family. No evidence has emerged to show that the business dealings of Hunter Biden, who’s faced a years-long federal investigation, affected his father’s decisions as president.
GOP lawmakers are pushing ahead anyway, planning a sprawling probe that will reach into the ethics of Hunter Biden’s artwork sales and other business deals, as well as policy decisions by the Biden administration.”
https://www.vox.com/2022/9/11/23347304/ukraine-russian-war-kharkiv-liberation
“Shahram Poursafi, also known as Mehdi Rezayi, allegedly conspired between October of 2021 and April of this year to kill Bolton according to a criminal complaint released by the Department of Justice. Former Secretary of State Mike Pompeo was also targeted by the Iranians, a person close to Pompeo confirmed to POLITICO.”
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“Poursafi, a member of Iran’s Islamic Revolutionary Guard Corps (IRGC), has been charged with the use of interstate commerce facilities in the commission of murder for hire and providing and attempting to provide material support to a transnational murder plot. If convicted, Poursafi faces up to 10 years in prison and a fine of up to $250,000.
Beginning in October, Poursafi allegedly attempted to arrange the murder “likely in retaliation” for the killing of top general Qassem Soleimani by the U.S. in Jan. 2020, officials said.
Working on behalf of the IRGC, Poursafi attempted to pay people in the United States $300,000 in cryptocurrency to murder Bolton in Washington, D.C., or Maryland. Poursafi also offered $1 million for an “additional job.””
“Permitting is the process for getting federal approval for energy projects, including oil and gas pipelines, which often undergo extensive review for their environmental impact. It can be a long and expensive process, and while Republicans and Democrats agree that the experience could be improved, they differ on what those reforms should entail.
Sen. Joe Manchin (D-WV), a chair of the Senate Energy and Natural Resources committee who has deep ties to the coal industry, has long taken issue with the current permitting process, arguing that it’s too convoluted. This summer, he struck a deal with Senate Majority Leader Chuck Schumer: In exchange for Manchin’s backing on the Inflation Reduction Act, Schumer guaranteed a vote on permitting reforms that would streamline approval of fossil fuel and renewable energy projects.”
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“In a letter sent to both Schumer and House Speaker Nancy Pelosi last week, House lawmakers argue Manchin’s reforms would make it easier to greenlight harmful oil and gas projects, and reduce constituents’ abilities to oppose such endeavors. Additionally, they claim that attaching the policies to a must-pass bill would force lawmakers to choose between “protecting … communities from further pollution or funding the government.””
“Housing keeps getting more expensive — and even though new data shows that overall price increases are slowing down, surging rent prices underscore how difficult it could be to bring inflation under control.
Prices were 8.3 percent higher in August compared to a year before, according to the Consumer Price Index report released on Tuesday. That’s slower than it was the month before, when inflation climbed 8.5 percent, but it’s still uncomfortably high for consumers and policymakers. Prices picked up 0.1 percent from July to August.
One of the biggest drivers of inflation has been higher rent prices. According to data from Zillow, the typical US monthly rent was $2,090 in August, up 12.3 percent from a year before. That is much higher than it was before the pandemic — in February 2020, the nation’s average rent was $1,660.
According to the CPI report, shelter prices — which include rent, lodging away from home, and household insurance — rose 0.7 percent in August from the month before, the biggest monthly jump since 1991. The rent index by itself also increased 0.7 percent from July, and was up 6.7 percent from a year ago.”
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“Sarah House, a senior economist at Wells Fargo, said that rent prices could be decelerating as supply improves and landlords start to “get a little bit more realistic” about how much they can charge before they see more pushback from renters. But she said that rent prices in the CPI measure tend to move slowly, so it could take time for the government data to reflect the price deceleration that private-sector data may already be picking up.
That’s largely because the government data also takes into account existing rentals, while many private data sources only examine prices for new leases to capture current market conditions. Since rents typically change when leases expire, which tends to happen annually, this can lead to a lag in government data.
“I think we’re close to beginning to see a slowdown in the monthly rate of the price gain,” House said. “But it’s still likely to remain pretty strong in a historical sense for some time.”
Omair Sharif, the founder and president of research firm Inflation Insights, also said rent price gains could slow in the coming months as the CPI measure eventually catches up to private-sector data.
“Around the end of this year into the first quarter of next year, we should probably start to see the CPI data start to mimic more closely what we’re seeing in terms of that deceleration,” Sharif said.
A deceleration in rental price growth could help bring down overall inflation closer to the Fed’s goal of 2 percent annual inflation. Although prices for rent, food, and medical care climbed in August, prices for gasoline, used cars, and airline fares dropped.
Still, mortgage rates have skyrocketed to their highest levels since 2008 and home prices remain much higher than they were before the pandemic. That has made it harder for people to afford monthly payments, leading to some potential homebuyers being priced out of the market. If people continue renting rather than buying, that could drive up demand for rentals and keep prices high.”
“Tens of thousands of freight rail workers are prepared to go on strike on Friday at 12:01 am, which could have wide-ranging effects across the economy. It’s already causing some disruptions for rail passengers, freight companies, and others.
The cause is a dispute between the freight industry and the workers who make it run.
Most of the 12 unions representing the workers have already agreed to a proposal put together by a presidential emergency board established by the White House over the summer to try to help resolve the dispute. The proposal includes a 24 percent increase in wages for workers by 2024, but many workers have complained that it fails to address leave, on-call scheduling, and poor working conditions.
The holdout unions’ position is that pay increases aren’t enough to make up for some real downsides — and dangerous aspects — of the job.
The two most powerful unions involved in the negotiations, which represent engineers and conductors, are continuing to resist the proposal, putting both sides in a deadlock. If workers do go on the strike they appear to be hurtling toward, it would be the first such strike in 30 years.”
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“If a freight strike were to occur — and especially if it’s long-lasting — it could have disastrous effects across an already fragile economy still reeling from supply chain disruptions and inflation.
“Rail moves a lot of the foundational, basic goods that we don’t think about day-to-day,” said Rachel Premack, editorial director at FreightWaves, which covers supply chains. “They’ll move sand and gravel that would then be crushed into concrete for roads or for laying home foundations. Railroads move the chemicals used to purify water or to compromise fertilizer for crops, soybeans that could become food for humans or [animals] that are then food for humans. It’s a lot of early-chain-type goods.”
Many passenger trains also run on freight rails, and their service could be suspended. Amtrak has already warned of potential disruptions and canceled cross-country trains in anticipation of a strike, though so far its Northeast service will not be affected.”
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“Replacing freight with other forms of transportation is not easy if workers do walk out. Mike Steenhoek, executive director of the Soy Transportation Coalition, told Vox in an interview that one train has the freight capacity of 400 semi-trucks. “I don’t know of a shipper who just has 400 semis sitting in a garage ready to be accessed,” he said. He noted that for agriculture, the timing couldn’t be worse because of harvest season, adding more urgency for a deal.”
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“Under the Railway Labor Act, Congress has the ability to block or end a rail strike. Since 1963, it has passed legislation more than 10 times to intervene in rail disputes.
So far, though, Democratic leaders have been reluctant to commit to doing so, while Republicans have been eager to pressure workers into agreeing to the terms set by the presidential emergency board.
If Congress were to intervene, there are a few routes lawmakers could take. They could require the unions and carriers to accept the presidential emergency board’s conditions, which included a pay increase but no acknowledgment of other demands like sick leave. They could extend the existing cooling-off period so both sides have more time to negotiate. Or they could turn the talks over to independent arbitrators who would be tasked with finding a resolution.
For now, congressional Democrats are waiting to see what might come out of the talks the Labor Department is leading between unions and railroad carriers on Wednesday before they lay out a policy response.”
“These damages and those likely in other cases look like backbreakers for Jones. But no, not any more than his banishment from YouTube, Twitter, Facebook and Apple’s App Store. His business empire, far from scuttled, has an estimated value of between $135 million and $270 million. Jones has profited and is likely to continue to profit from his labors in the Lie Economy, the marketplace where gullible viewers are sorted from the skeptical and delivered to advertisers who make the most of their naïveté. The $49.3 million damages awarded are an eyeful, but no sharp legal knife thinks Jones risks paying much more than a fraction of that in this case and others. Despite the awful headlines the case sent up, Jones’ audience seems steadfast. Jones may have lost here, but he’ll continue to win.
To describe Jones as a Lie Economy worker is not to declare false everything he says and broadcasts. Not even his imagination veers to that polar extreme. But a review of his greatest hits attest to the low truth-value of many of his comments.”
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“Jones isn’t the only entrepreneur working the Lie Economy angle. Fox News Channel and its bastard offspring Newsmax and OAN excel at pushing half-truths that stimulate viewer appetite for more outlandish morsels. Tucker Carlson would have you believe that Jan. 6 was a false flag operation. Sean Hannity pushed a baseless conspiracy theory about the murder of Seth Rich. The channel hyped ivermectin as a Covid treatment and drenched its audience in bogus coverage about the “stolen election.” Again, not everything aired on these channels can be dismissed as lies any more than the notion that Jones broadcasts lies only. But the steady stream of spurious segments they do air seems designed to hook accepting viewers whose attention can then be sold to advertisers. Unlike Jones, Fox News commands a more varied advertiser base, including blue-chip companies. But health supplements and pain relief products appear in a recent ranking of its top 10 biggest advertisers. The frequency of ads for gold, testosterone, reverse mortgages and a home-title lock product (pitched by Rudy Giuliani!) on Fox and its neighboring channels remind one that shrewd audiences aren’t the primary target.”
https://www.politico.com/news/2022/08/11/new-york-new-jersey-congestion-pricing-00050929
“As a psychological anthropologist, my team and I have conducted new research showing the idea that the “system is rigged” is gaining ground among Americans of all political persuasions. That’s been particularly true post-2020, as Covid-19 shook the world, calls for racial justice became louder and a contentious election ended with a violent insurrection. It’s a dynamic that offers real opportunity for progressives. This rhetoric — if deployed in a way that doesn’t simply fuel despair — offers a blueprint for countering right-wing populism while providing the crucial fixes needed for our society.
Progressives already recognize the role systems play in determining opportunities and outcomes in the United States. Acknowledgment that institutions shape our lives can counter a tendency toward individualism and foster thinking that favors inclusion, justice and community. As an example, “systemic thinking” moves the conversation about poverty from one focused on individual deservingness to one about opportunity. More systemic thinking can also help people understand that environments influence our health outcomes, leading to greater support for safe housing and affordable child care and health care. “Systems” thinking can similarly help us see how racism is embedded in the criminal legal system — from harmful police incentives to over-patrolling of Black neighborhoods to cash bail.”
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“Of course, there are also traps and dangers in acknowledging and feeding the narrative that the system is rigged, which is one reason why some progressives have shied away from this approach. Americans across the political spectrum feel the system isn’t working, but they aren’t always sure what the system is, who is rigging it, or how. This leaves system-is-rigged thinking open to manipulation and cooptation. The left may see a chance to critique corporate power and redesign the system for more equitable outcomes. But the right has used this narrative to push the story that government systems are rigged to benefit minority groups at the expense of “ordinary” Americans, leading to the spread of the racist replacement theory and reinforcing the view that government is part of the problem.”
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“To channel the public’s thinking in productive directions — and show that the system is rigged while demanding that the system be reformed — progressives must consistently fill in four crucial gaps: What system is being rigged? Who is rigging it and how? What impact does this have on specific groups of people and our country more broadly? And, most importantly, how can we “un-rig” these systems that aren’t working?”