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☆ Former federal judge blasts John Roberts in new book and says Ruth Bader Ginsburg was annoyed by pressure to retire
▼ + stars: | 2024-05-29 | by ( Joan Biskupic | ) edition.cnn.com time to read: +8 min

The Supreme Court, Tatel wrote, has “kicked precedent to the curb” and become “a tragedy” for civil rights and the rule of law. He said she revealed early dealings among justices that eventually led to the milestone 2013 Shelby County v. Holder decision undermining the Voting Rights Act. ‘John Stevens didn’t step down until he was ninety,” Tatel wrote. He served as director of the Chicago Lawyers’ Committee for Civil Rights Under Law and then as director of the National Committee. During the Jimmy Carter administration, he led the Office of Civil Rights at the Department of Health, Education and Welfare.

Persons: David Tatel, ”, John Roberts, Bill Clinton, Tatel, Roberts, Ruth Bader Ginsburg, Holder, Ginsburg, –, ’, ‘ John Stevens didn’t, ” Tatel, “, Ruth, Hillary Clinton, Donald Trump, Obama, …, Trump, Amy Coney Barrett, Roe, Wade, Dobbs, Justice Ginsburg, “ I’ve, Jimmy Carter, Clinton, ” Roberts, Dick Cheney, “ …, Scalia, Cheney, ‘, David, Joe Biden, I’ve Organizations: CNN, Democrat, Jackson, Health Organization, Chicago Lawyers ’, Civil, Law, National Committee, Department of Health, Education, Welfare, DC Circuit, US Department of Justice, Northwest Austin, Civil Rights Movement, Court, Supreme Locations: County, Washington, Shelby County, Northwest, Northwest Austin

☆ Opinion: Netanyahu and his extremist allies are endangering Israel’s long-term security
▼ + stars: | 2024-05-10 | by ( Opinion Richard J. Davis | ) edition.cnn.com time to read: +7 min

“My commitment to the safety of the Jewish people, the security of Israel, and its right to exist as an independent Jewish state is ironclad. The former was appointed finance minister and was given responsibility for West Bank settlements. After the October 7 terrorist attack, Netanyahu had an opportunity to remove Smotrich and Ben Gvir from their posts when the first offer from the opposition for a unity government involved their elimination from the cabinet. It also gives license to followers of these extremists to, as we have seen, attack Palestinians in the West Bank and even to attack a Jordanian aid convoy. At the same time, Israel has continued with significant expansion of settlements on the West Bank.

Persons: Richard J, Davis, Joe Biden, “, ”, Richard Davis, Benjamin Netanyahu, Netanyahu, Israel, Bezalel Smotrich, Itamar Ben Gvir, Ben Gvir, Yitzhak Rabin, Netanyahu’s Organizations: Treasury, CNN, US, Capitol, West Bank, New York Times, Israeli Defense Forces, Twitter, Facebook, United Locations: Carter, Israel, West Bank, Gaza, Oslo Peace, Jordanian, United States

☆ DoubleLine's Gundlach sees ‘very painful’ economic downturn, S&P 500 may be forming ‘double top’
▼ + stars: | 2024-01-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that he sees the chance of a severe recession coming in 2024 and that the S & P 500 , possibly in anticipation, may be forming a particularly bearish technical trading pattern. Other than the yield curve, Gundlach said leading economic indicators have been flashing contractionary signals for a long time, especially manufacturing. Gundlach pointed out that the S & P 500 has almost returned to its record level set in January 2022, forming a "double top" price chart. At the end of 2023, after a 24% rally, the S & P 500 was less than 1% from its all-time high of 4796.56 reached in January 2022. Gundlach said the greenback is losing its momentum and the S & P 500 should underperform its international counterparts in the next recession.

Persons: Jeffrey Gundlach, Gundlach, Carter, We're, we've Organizations: DoubleLine

☆ Rosalynn Carter Lauded for Humanitarian Work, Mental Health Advocacy
▼ + stars: | 2023-11-19 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: +1 min

Not long after Rosalynn Carter, the former first lady, died on Sunday, politicians from both sides of the aisle commended her work in that public role and the strides she made for women’s rights, mental health and many other causes. The Carter Center in Atlanta announced her death, calling her “a passionate champion of mental health, caregiving, and women’s rights.” The center disclosed in May that Mrs. Carter had dementia and on Friday that she had entered hospice care at home. Like many first ladies, Mrs. Carter used her prominent position to champion a cause: the treatment of mental illness. She was named honorary chairwoman of the Carter administration’s mental health commission, and she led the White House Conference on Aging, which started in 1977. She held nationwide hearings on both topics, testified before Congress and pressed for legislation to support mental health centers and to offer insurance coverage for the care of mental illness.

Persons: Rosalynn Carter, Carter Organizations: Carter, White, Conference, Aging Locations: Atlanta

☆ Mike Johnson symbolizes a new turn for the religious right
▼ + stars: | 2023-10-31 | by ( Ronald Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +18 min

CNN —The arc of Rep. Mike Johnson’s career encapsulates the shifting priorities of the religious right in the era of Donald Trump. More than half of White evangelicals agreed with that statement as well – the only major religious denomination in which it found majority support. Yet both groups are much more influential inside the GOP coalition, with evangelicals representing nearly one-third of Republican voters and all White Christians about two-thirds. But in Congress, Johnson has also identified more with some of the party’s Trump-era priorities that revolve around demographic change. But each man appears equally committed to a vision of America that elevates the moral and political preferences of conservative White Christians over any other group.

Persons: Mike Johnson’s, Donald Trump, Barack Obama’s, Johnson, MAGA, Long, Trump’s, Trump, Robert P, Jones, Johnson “, ”, Mike Podhorzer, ” Podhorzer, Jimmy Carter, Jerry Falwell, Pat Robertson, James Dobson, ” Jones, Dobson, CNN’s KFile, KFile, he’s, Ron DeSantis, Marjorie Taylor, it’s, ” Johnson, He’s, “, Biden, who’s, PRRI, there’s, Tresa Undem, Undem, White, George W, Bush, Obama, Pete Wehner, Wehner, David Barton, Barton, that’s, ” Wehner, ‘, ” Barton Organizations: CNN, Louisiana Republican, Republican, GOP, Yorker, Trump, Survey, Religion Research Institute, White, AFL, CIO, Republicans, Representatives, Alliance Defense Fund, Defending, Gov, Georgia Rep, Whites, Trinity Forum, ”, NBC News, Trump - Locations: Louisiana, America, White, “, Florida, Mexico

☆ Lina Khan vs. Amazon - The New York Times
▼ + stars: | 2023-09-27 | by ( Cory Doctorow | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission’s chair, Lina Khan, has brought her long-awaited, audacious case against Amazon, signaling the Biden administration’s determination to restore an approach to competition law that has been in decline since the Carter administration. But Amazon is precisely the kind of company that Congress had in mind in enacting America’s many antitrust laws. The robber barons of that era hijacked the economy and politics, but they also faced the constraints of empires grounded in physical goods. Today’s tech barons at huge platforms like Amazon, Google and Meta can deploy anticompetitive, deceptive and unfair tactics with the agility and speed of a digital system. And Amazon is the apex predator of our platform era.

Persons: Lina Khan, Carter Organizations: Federal Trade, Google, Amazon

However, Iran faces a new challenge from within as the one-year anniversary of the nationwide protests sparked by the death of 22-year-old Mahsa Amini in police custody approaches this Saturday. Today, Iran faces Western sanctions after the collapse of its 2015 nuclear deal. These are Iranian money.”From the Iranian side, claiming victory has been as important as freeing the cash. “This money belongs to the Islamic Republic of Iran," Raisi said through a government translator about the swap. Iranian Foreign Minister Hossein Amirabdollahian suggested resuming negotiations over a roadmap that could see Tehran return to aspects of the nuclear deal, which the Islamic Republic walked away from last year.

Persons: Carter, ”, Walter Mondale, Matthew Miller, Behzad Nabavi, Ebrahim Raisi, Raisi, —, Ronald Reagan, Hossein Amirabdollahian, “, Matthew Lee, Jon Gambrell Organizations: United Arab Emirates, Embassy, . State Department, ”, NBC News, United Nations, U.S, Pentagon, Iranian, Islamic, Associated Press, The Associated Press, Gulf Cooperation, AP Locations: DUBAI, United Arab, Washington, Tehran, Iran, United States, Islamic Republic, South Korea, Qatar, U.S, Algier Accords, Islamic Republic of Iran, Iraq, Today, U.S ., Strait, Hormuz, Persian Gulf, Russia, Ukraine, Gulf

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. Managing the ballooning debt is more challenging now than when S&P stripped the United States of its AAA rating in 2011. The deficit before interest payments was lower then, economic growth was weak but still higher than prevailing interest rates, and the Fed was buying boatloads of bonds. Interest payments as a share of federal revenue, spending, and the economy are set to reach historically high levels early in the next decade. It's not just the supply of debt that matters - demand to hold that debt is critical.

Persons: Dado Ruvic, Fitch, Uncle Sam, Carter, Chris Marsh, Bonds, Phil Suttle, It's, Jamie McGeever, Kirsten Donovan Organizations: REUTERS, AAA, Fed, Carter Administration, Investors, Reuters, Treasury, CBO, Suttle, Thomson Locations: ORLANDO, Florida, Washington, United States, Foreign, China, Treasuries, U.S

☆ The Fed would look ‘silly’ if it declares victory over inflation now, warns billionaire investor David Rubenstein
▼ + stars: | 2023-05-10 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

“It’s premature to have rate cuts this summer,” Rubenstein, the co-founder and co-chairman of The Carlyle Group, told CNN on Monday. The Fed will look silly if it declares victory at 4%,” said Rubenstein. But Wednesday’s inflation report is expected to show consumer prices are still rising at more than twice the Fed’s target. Despite pessimism on Wall Street and Main Street, Rubenstein said the US economy is “doing okay.”“This has been the most predicted recession in the history of recession predictions. “You could see the credit rating go down and interest rates go up,” said Rubenstein.

☆ The US once had a 'mini-default' on some of its debts because of a technical glitch. The minor mistake cost billions.
▼ + stars: | 2023-05-08 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

The incident caused Treasury yields to spike up by 60 basis points or 0.6 percent and cost billions long-term. The US is now flirting with a full default as Republicans in Congress demand spending cuts in exchange for paying America's debt. "Payment delays were chiefly due to back-office technical and organizational problems," according to a report by the Congressional Research Service, a nonpartisan public policy research institute of Congress. Congress has raised the debt ceiling multiple times under previous administrations without negotiations — including under President Donald Trump. President Joe Biden has refused to negotiate over the debt ceiling, while Republicans are also holding firm on their demands.

☆ A GOP politician tried to use the Iran hostage crisis to help Reagan in the 1980 election. The man who accompanied him wants to come clean to Jimmy Carter: 'History needs to know that this happened'
▼ + stars: | 2023-03-19 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

GOP politician Ben Barnes said his mentor worked to influence the 1980 election in favor of Reagan. John Connally asked Middle East leaders to delay the release of Iranian hostages. "History needs to know that this happened," Barnes told The New York Times. "I'll go to my grave believing that it was the purpose of the trip," Barnes told the Times. Barnes told the Times he finally decided to share the details of the trip following the news that Carter admitted himself to hospice care.

Bill Gates, the cofounder of Microsoft, is thought to have a net worth of about $106 billion. Gates' own father was a high-powered attorney who became a name partner at the law firm K&L Gates. He's cultivated his brand of philanthropy with the Bill & Melinda Gates Foundation, his endeavor with Melinda French Gates, now his ex-wife. (Brock Adams, who went on to become the transportation secretary in the Carter administration, is said to have introduced Gates' parents.) Bill Gates' mother, Mary Gates, came from a line of successful bankers and sat on the boards of important financial and social institutions including the nonprofit United Way.

☆ Judicial Nominations Present Opportunity for Biden After Democrats Retain Senate
▼ + stars: | 2022-11-25 | by ( Laura Kusisto | ) www.wsj.com time to read: 1 min

President Biden has already seen 85 of his judicial nominees confirmed. President Biden is primed to make federal judicial appointments a continuing priority during his next two years in office after Democrats retained a narrow Senate majority in the midterm elections. Mr. Biden took office following four years in which former President Donald Trump left a significant conservative mark on the federal judiciary, placing judges in roughly 230 life-tenured positions, the most in a single term since the Jimmy Carter administration. That included three Supreme Court justices and 54 judges for the powerful U.S. appeals courts.

☆ Benjamin Civiletti, Post-Watergate Attorney General, Dies at 87
▼ + stars: | 2022-10-19 | by ( Sadie Gurman | ) www.wsj.com time to read: 1 min

WASHINGTON— Benjamin Civiletti , the last attorney general in the Carter administration who capped a series of internal Justice Department reforms that aimed to address Watergate-era presidential abuses of power, died Sunday of Parkinson’s at his home in Lutherville, Md. He was 87 years old. A trial lawyer and former federal prosecutor in Baltimore, Mr. Civiletti joined the Justice Department in 1977 as head of its criminal division. He was named deputy attorney general the following year, and President Jimmy Carter chose him to replace Attorney General Griffin Bell in July 1979.

☆ Larry Summers blasts UK tax cuts as 'utterly irresponsible' and warns of possible contagion
▼ + stars: | 2022-09-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The sudden sell-off in the pound and U.K. bond markets led economists to anticipate more aggressive interest rate hikes from the Bank of England . I was surprised when the new chancellor spoke over the weekend of the need for even more tax cuts," Summers said on Twitter. U.K. inflation unexpectedly fell to 9.9% in August, and analysts recalibrated their eye-watering expectations after the government stepped in to cap annual household energy bills. 'Emerging market currency crisis'Sterling has fallen by roughly 7-8% on a trade-weighted basis in less than two months, and strategists at Dutch bank ING noted Tuesday that traded volatility levels for the pound are "those you would expect during an emerging market currency crisis." The likening of the U.K. to an emerging market economy has become more prevalent among market commentators in recent days.

☆ Reversing UK confidence crash requires policy U-turn: economists
▼ + stars: | 2022-09-27 | by ( Andy Bruce | ) www.reuters.com time to read: +2 min

Commuters, reflected in windows of an office, walk across London Bridge toward the financial district, in London, Britain, September 26, 2022. "The first step in regaining credibility is not saying incredible things," Summers said on Twitter on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterSummers pointed to surging interest rates of long-dated British debt as a "hallmark of situations where credibility has been lost". On Monday the Bank of England and Treasury released statements in the hope of reassuring investors, with the central bank saying it would not hesitate to raise interest rates if needed. Register now for FREE unlimited access to Reuters.com RegisterEditing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ 'Hostages' review: An HBO docuseries covers the Iran Hostage Crisis from all angles, including then to now
▼ + stars: | 2022-09-27 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —“Hostages” tells several major stories in one, from the history of US intervention in the Middle East to the Iranian hostage crisis’ impact on presidential politics to that period’s influence on media, launching “Nightline” as a byproduct. The result is a highly resonant trip down bad-memory lane, highlighting how those ripples remain evident 40-plus years later. “History will say that we made Reagan president of the United States,” says Ebrahim Asgharzadeh, one of the student leaders. “Hostages” airs September 28 and 29 at 9 p.m. ET on HBO, which, like CNN, is a unit of Warner Bros.

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