Wednesday, September 29, 2021

@16:38, , 9/29/21

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1

Kathy Hochul Aims to Raise $25 Million as Likely Rivals Eye Challenges
Governor Hochul hopes to raise the sum for her primary campaign next year, but her recent — and unexpected — ascension has left her little time to hit that goal. read more
 
Kathy Hochul is the governor of the state of New York.
She has the bully pulpit.
 
2
The world’s top central bankers see supply chain problems prolonging inflation.
The heads of the Federal Reserve, European Central Bank, Bank of England and Bank of Japan spoke on a joint panel Wednesday. read more
 
Watch the price of federal government bonds to see inflation.
 
3
Republicans at Odds Over Infrastructure Bill as Vote Approaches
With a bipartisan infrastructure bill set for a Thursday vote in the House, a campaign by business groups and some Senate Republicans to secure G.O.P. support may be the measure’s last hope. read more
 
The game is not over.
 
4
Democrats Move to Avert Fiscal Crisis, Separating Debt and Spending Bills
The House was set to move on Wednesday on a bill to increase the debt limit, while the Senate prepared a separate spending bill to keep the government funded past a Thursday deadline. read more
 
The political game is in two minuet drill.
 
5
Milley, Austin Testify to a House Panel on Afghanistan
The three top U.S. defense officials have a second day of congressional testimony on Wednesday, this time in front of the House Armed Services Committee. read more
 
None want to admit the intelligence failure. 

6
For Al Franken, a Comeback Attempt Goes Through Comedy Clubs
Onstage, the ex-senator and “S.N.L.” star doesn’t exactly address his fall from grace. But he doesn’t not address it either. Asked if he’ll run again, he is noncommittal. read more
 
The senate needs someone who understands senatorial debate.
 

Biden Presses Democrats to Embrace His Economic Agenda
The president canceled a trip to Chicago in an attempt to salvage a pair of bills containing trillions of dollars in spending on infrastructure, education, climate change and more. read more
 
Biden must be seen to care.
 
8
Ian Welsh3 hours ago
What App Stores Have Cost All Of US
[image: Story 485094221] There’s a very old Canadian joke. A farmer is angry at the weather, so he raises his fist to the sky, and yells, “Goddamn you, CP Rail!” Back in the age of rail if you were a farmer the only way to get your product to market unless you lived very close to a city, was by rail. There were few railroad companies, probably only one near you, and whatever they charged, you had to pay. Rail company freight prices were based on maximizing profit for them, and that price drove a lot of farmers out of businesses, and left many others working for poverty wages. App... read more
 
App stores abuse us.
 
9
How the Debt Ceiling Came to Be a Political Cudgel
The current fight over raising the debt limit is proving to be another lesson in American political dysfunction. read more
 
The debt ceiling was conceived as a political cudgel.
It has never been anything else.
https://en.wikipedia.org/wiki/United_States_debt_ceiling
https://en.wikipedia.org/wiki/History_of_United_States_debt_ceiling
 
10
‘This Was a Failure’: Biden’s A.T.F. Pick Says White House Left Him Open to Attack
David Chipman’s defeat was a loss for gun control groups, which saw the appointment of a strong director as the most important move the president could make on guns. read more
 
Gun control will fail while there is a racist in the senate.
 
11
Gen. Milley Says He Warned Biden Against Afghanistan Withdrawal
During a heated Senate hearing, Gen. Mark Milley also defended his actions in the final months of the Trump administration. read more
 
Human memory is fallible. 
There should be a record.

12
How to Build a Paid Family Leave Plan That Doesn’t Backfire
Congress is designing a policy as part of Democrats’ safety net spending plan. Evidence from around the world suggests what works and what doesn’t. read more
 
The budget is not an executable plan.
 
13
How the Huawei Case Raised Fears of ‘Hostage Diplomacy’ by China
Critics of the Justice Department deal to free the Huawei executive Meng Wanzhou say it could blunt tools like sanctions and prosecutions. read more
 
Trump took Meng Wanzhou hostage to start this pass.
 
14
Elizabeth Warren Calls Jerome Powell a ‘Dangerous Man’
Other Democrats fretted about diversity at the Federal Reserve as Chair Jerome H. Powell testified ahead of an imminent personnel shake-up. read more
 
Elizabeth Warren is paying attention to finance.  Biden is paying attention to the country.
Biden is mostly correct.
 
15
Huawei Case Raises Fears of 'Hostage Diplomacy' by China
Critics of the Justice Department deal to free Huawei executive Meng Wanzhou say it could blunt tools like sanctions and prosecutions. read more
 
China did not start this pass of hostage diplomacy.
Let the Diplomats do their work.
 
16
Navient Asks to Stop Servicing Federal Student Loans
Navient is the second major federal student loan servicer to ask to get out of the business. FedLoan said in July that it wanted out. read more
 
The student loan business has been abusive from its beginning. 
Navient should give back its ill gotten gains.  
Bankruptcy courts must decide.the how and where.

17
Pfizer and BioNTech Submit Data on Vaccine for Kids 5 to 11
The companies said that their vaccine was safe and effective in that age group, and that they would submit a formal request in the coming weeks to U.S. regulators to allow a pediatric dose. read more 
 
The data is now in.  
The wait for analysis should not be long.

18
Milley reassured a top Chinese general that Trump would not attack, a recent book says.
“Things may look unsteady,” Gen. Mark A. Milley reportedly told the Chinese general two days after President Trump’s supporters stormed the Capitol. “But that’s the nature of democracy.” read more
 
Gen. Mark A. Milley Had good reason to tell Gen. Li Zuocheng what he should believe.
 
19
Al Qaeda or ISIS Could Rebuild in Afghanistan, Officials Warn
Gen. Kenneth F. McKenzie Jr., the head of the military’s Central Command, was somewhat more pessimistic than other top Pentagon officials testifying before a Senate panel. read more
 
Only Afghans control Afghanistan.
 
20
Ian Welsh1 day ago
The Advantage of Permission & The Fall Of Oligarchies
[image: Story 484495461] One of the main advantages of capitalism is “permission.” It gives more people permission to do things than oligarchical or state capitalism. This was, actually, a lot of what Adam Smith was complaining about in “The Wealth of Nations”: that state monopolies and controls were limiting who could effectively participate in the economy: you might have a great idea, but you couldn’t do anything with it. Capitalism, as a Western system, also has other features, of course, including wide-scale theft of capital from the majority of the population, of which the en... read more
 
Billions will die.
 
 
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