Tuesday, November 23, 2021

@14:31, , 11/23/21

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1

Biden Bets Big on Continuity at the Fed
Jerome Powell and Lael Brainard are known quantities in a turbulent time. read more
 
Jerome Powell and Lael Brainard have done well.
 
2
NYT > U.S. > Politics46 minutes ago
How Higher Prices This Holiday Season Could Cost Democrats, Too
Rising prices for gas and a holiday meal could come back to bite Democrats, who fear that inflation may upend their electoral prospects in the 2022 midterms. read more
 
Prices are up.   Wages are flat.
There is no inflation as yet.

3
Court Urged to Let Jan. 6 Panel See Trump White House Files
In appellate briefs, lawyers for the House and the Justice Department argued against the former president’s claim of executive privilege. read more
 
Trump has no executive privelege.
 
4
Jeff Bezos Donates $100 Million to the Obama Foundation
The gift was the largest yet for the Obama Foundation and was one in a series of splashy donations by Mr. Bezos, one of the world’s richest men, in recent months. read more
 
This money will not go to the general fund.
 
5
$15 minimum wage for federal contractors will take effect Jan. 30.
The Labor Department issued a final rule carrying out an April executive order from President Biden. It could affect more than 300,000 workers. read more
 
https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
 
Thirty years of negative wage growth is more than enough.
 
6
Who is Lael Brainard, President Biden’s pick for the Fed’s vice chair?
She was in the mix to potentially replace Jerome Powell as Fed chair, but Mr. Biden’s decision to elevate her to the Fed’s No. 2 role will still place her in a powerful position. read more
 
https://en.wikipedia.org/wiki/Lael_Brainard
 
"Lael Brainard, a Federal Reserve governor since 2014, was in the mix to potentially replace Jerome H. Powell as Fed chair, but President Biden’s decision to elevate her to the Fed’s No. 2 role will still place her in a powerful position at the central bank."
 
Smart woman.
 
7
Who is Lael Brainard, President Biden’s pick for the Fed’s vice chair?
She was in the mix to potentially replace Jerome Powell as Fed chair, but Mr. Biden’s decision to elevate her to the Fed’s No. 2 role will still place her in a powerful position. read more
 
https://en.wikipedia.org/wiki/Lael_Brainard
 
"Lael Brainard, a Federal Reserve governor since 2014, was in the mix to potentially replace Jerome H. Powell as Fed chair, but President Biden’s decision to elevate her to the Fed’s No. 2 role will still place her in a powerful position at the central bank."
 
Smart woman.

8
Ian Welsh5 hours ago
The Ongoing Depression Which Started in 2008
[image: Story 509203364] Back in 2009, I said that the bailout and inadequate stimulus would cause a depression which would last for at least a generation. I got a lot of the details wrong (inflation happened only in areas of interest to the rich, for example, till now) but that there would be a depression (ignored, by and large), oh yes. from @ArtShipman https://t.co/fjippIoHs8 pic.twitter.com/Fw2Bm5Ki2T — Steve Randy Waldman (@interfluidity) November 21, 2021 How Bailing Out The Rich Caused a Depression The Bailout Caused The Sucky “Recovery” Bottom line is that in a capitalist... read more
 
Interesting chart.
I can blame Joe Mansion and his friends. 

9
As Hopes for Nuclear Deal Fade, Iran Rebuilds and Risks Grow
With Iran’s new administration preparing for its first international nuclear negotiations, there are signs that there will be no going back to the 2015 agreement. read more
 
Jerusalem may become a smoking crater.
Israel does not keep its bombs there.
Losing Iran would be sad.  Saudi would have a holiday.
 
The Al Aqsa Mosque problem would be solved.
https://en.wikipedia.org/wiki/Al-Aqsa_Mosque
 
10
Ian Welsh22 hours ago
Comment Moderation
[image: Story 508911454] Is back on for the time being. No ad-homs, no matter how justified you think they are. No sexism/racism, etc… I’m also going to be reluctant to let thru vaccine denial. Facebook Twitter WhatsApp LinkedIn read more
 
https://www.ianwelsh.net/open-thread-130/
 
It is there on the side-bar.
 
Anything starts with live negotiations
Sooner is better.  As soon as you can is best.
 
11
How the U.S. Lost Ground to China in the Contest for Clean Energy
Americans failed to safeguard decades of diplomatic and financial investments in Congo, where the world’s largest supply of cobalt is controlled by Chinese companies backed by Beijing. read more
 
Tesla builds lithium ion cells without cobalt.
 
12
What's in Build Back Better, Biden's Social Policy and Climate Plan
The package includes $400 billion to bolster support for children and families, $555 billion for climate change programs and $166 billion in housing aid. read more
 
More than Joe Mansion wants and less than there should be.
 
13
Ian Welsh1 day ago
Week-end Wrap – Political Economy – November 21, 2021
[image: Story 508883030] by Tony Wikrent *Conservative / Libertarian Drive to Civil War* Notes on an Authoritarian Conspiracy: Inside the Claremont Institute’s “79 Days to Inauguration” [The Bulwark, via The Big Picture 11-14-2021] … report published in mid-October 2020 by the Claremont Institute and Texas Public Policy Foundation’s (TPPF) called “79 Days to Inauguration,” prepared by “Constitutional scholars, along with experts in election law, foreign affairs, law enforcement, and media . . . coordinated by a retired military officer experienced in running hundreds of wargames.... read more
 
The Republican party is certifiably insane.
Another civil war is conceivable.
The Democratic party must win another election before the congress can exert its power.
 
14
How the U.S. Lost Ground to China in the Contest for Clean Energy
Americans failed to safeguard decades of diplomatic and financial investments in Congo, where the world’s largest supply of cobalt is controlled by Chinese companies backed by Beijing. read more
 
Cobalt free lithium ion batteries exist and are superior.
Tesla knows how and will conditionally licence the technology.
 
15 
How the U.S. Lost Ground to China in the Contest for Clean Energy
Americans failed to safeguard decades of diplomatic and financial investments in Congo, where the world’s largest supply of cobalt is controlled by Chinese companies backed by Beijing. read more
 
Cobalt free lithium ion batteries exist and are superior.
Tesla knows how and will conditionally licence the technology.
 
16
How the U.S. Lost Ground to China in the Contest for Clean Energy
Americans failed to safeguard decades of diplomatic and financial investments in Congo, where the world’s largest supply of cobalt is controlled by Chinese companies backed by Beijing. read more
 
Cobalt free lithium ion batteries exist and are superior.
Tesla knows how and will conditionally licence the technology.
 
17
Manchin and Sinema Find Financial Support From G.O.P. Donors
The two Democratic senators are attracting campaign contributions from business interests and conservatives as progressives fume over their efforts to pare back the president’s domestic policy bill. read more
 
Yes, they are conservatives.
 
18
A.O.C. on Why Democrats’ ‘Talking Points Are Not Enough’
The House progressive spoke about “demoralizing” congressional negotiations, how she was told to stay away from Virginia’s elections, and what it means to excite the Democratic base. read more
 
Log rolling continues as in other times.
 
A.O.C. should go to work on West Virginia and Kentucky.

19
How Nancy Pelosi Got Biden's Build Back Better Bill Back on Track
The House’s approval of a sweeping social policy bill after weeks of fits and starts notched another win for the speaker in a career defined by them. read more
 
Politics is a game best played by women.
 
20
G.O.P. Is Energized, but ‘Trump Cancel Culture’ Poses a Threat
The former president, tightening his grip on the party as a haphazard kingmaker, threatens Republican incumbents and endorses questionable candidates. read more
 
https://www.youtube.com/results?search_query=hard+loving+loser
 
"Drawing kind of slow"
 
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