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☆ Bond yields are close to a major psychological level that could really spook the stock market
▼ + stars: | 2023-02-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

The benchmark 10-year Treasury yield is hovering close to a key level that strategists say could give stock investors a fright. The 10-year Treasury yield broke through resistance in recent sessions and is now a hair below the important 4% level. It's very much an inverse relationship between yields and the stock market," said Katie Stockton, founder of Fairlead Strategies. "That does suggest 4%, which is not a resistance level, but it's certainly a psychological level...It impacts people for nothing more than it's a round number. After the October high, Stockton said the next big level on the 10-year yield chart would be about 5.25%, a resistance level established in 2006.

☆ Ayanna Pressley says it's not time for a student-debt relief backup plan yet, as a conservative-majority Supreme Court decides whether Biden's plan is legal
▼ + stars: | 2023-02-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Rep. Ayanna Pressley told Insider it's not the time for a backup plan on student-debt relief. The Supreme Court concluded oral arguments on the cases challenging Biden's debt relief on Tuesday. The Supreme Court needs to apply the letter of the law, and we need to get this done." Pressley was among a group of Democratic lawmakers who voiced support for student-debt relief outside the Supreme Court on Tuesday morning. "Even this far-right Supreme Court should be able to recognize that these claims against student debt relief are baseless and politically-motivated.

☆ Trailblazing former UK House of Commons Speaker Betty Boothroyd dies
▼ + stars: | 2023-02-27 | by ( William James | ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-British Speaker of the House of Commons Betty Boothroyd looks on during her visit to State Duma lower house of parliament October 14. LONDON, Feb 27 (Reuters) - Betty Boothroyd, the trailblazing first female Speaker in Britain's House of Commons, has died aged 93, drawing tributes from across parliament for her distinctive, firm-but-fair style honed over a five-decade political career. She remains the only woman to serve as Speaker in the House of Commons. After retiring from the House of Commons in 2000, she was made a member of parliament's House of Lords upper chamber where she continued to contribute to political debate into her nineties. Tributes to Boothroyd poured in from across the political divide, hailing her formidable parliamentary presence and her personal warmth.

☆ Elon Musk calls US media and schools 'racist against whites & Asians'
▼ + stars: | 2023-02-26 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Tesla Chief Executive Office Elon Musk speaks at his company's factory in Fremont, California. In the video, Adams discussed a poll conducted by right-leaning Rasmussen Reports that said 26% of Black respondents disagreed with the statement "It's OK to be white." In his video, Adams called Black people who rejected that phrase as a "hate group." He then added, "For a *very* long time, US media was racist against non-white people, now they're racist against whites & Asians. Musk claimed that the media coverage is "Very disproportionate to promote a false narrative."

☆ Jimmy Carter’s ‘Malaise’ Speech Aged Well
▼ + stars: | 2023-02-24 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.

☆ America’s Longing for Authenticity
▼ + stars: | 2023-02-17 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

☆ Biden’s Speech Was Trumpian
▼ + stars: | 2023-02-10 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

☆ IBA denounces 'hyenas' after U.S. and Irish boycott worlds
▼ + stars: | 2023-02-10 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, Feb 10 (Reuters) - Amateur boxing's Russian-led governing body has offered to fund U.S. and Irish boxers wanting to compete in this year's world championships after their national federations decided to boycott the tournaments. The International Boxing Association (IBA) also warned in a statement on Friday that it would pursue "strong sanctions against those who initiate and join the participation boycott". "Those who are doing this to our athletes are worse than hyenas and jackals, they violate the integrity of sport and culture. The Irish Athletic Boxing Association (IABA) said on Friday its boxers, referees and judges would be staying away. "IBA invites USA and Irish teams to come to the world championships and participate under their flags and anthems," it said.

☆ Our Political Parties Are Struggling
▼ + stars: | 2023-02-03 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

☆ Biden's bully pulpit is Democrats' best policing reform tactic as Congress grapples with Tyre Nichols' death
▼ + stars: | 2023-02-01 | by ( Warren Rojas | Nicole Gaudiano | ) www.businessinsider.com time to read: +6 min

On Monday he said making the George Floyd Act the law of the land is long overdue. Vice President Kamala Harris speaks during the funeral service for Tyre Nichols at Mississippi Boulevard Christian Church in Memphis, Tennessee. Now he wants to see Congress act in a bipartisan way to "make transformational change," she said. House Democratic Caucus chair Pete Aguilar was much less optimistic about policing reform opponents suddenly rallying around the Floyd Act or any other substantive proposals. "The thing is, it may have been Tyre Nichols yesterday.

☆ January was bitcoin's best month since 2021, but crypto isn't ready for a 'rocket ship rally' yet
▼ + stars: | 2023-01-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

For some investors, however, its strong month isn't necessarily a green light to jump back into the crypto market. As of Tuesday, bitcoin is set to finish the month up 38.39%, which would make it its best month since October 2021 and its best January in 10 years, according to Coin Metrics. Ether , which led the crypto recovery last summer ahead of the merge, has risen 31% this month, coming off a 67.06% decline for 2022. However, "we're not so sure bitcoin is ready for another rocket ship rally just yet." "Thus far, the rise in BTC dominance looks reminiscent of April 2019, during which a BTC rally marked a crypto market bottom, much akin to rising BTC dominance lately."

☆ Biden to discuss police reform with Congressional Black Caucus members Thursday
▼ + stars: | 2023-01-31 | by ( Summer Concepcion | Ghael Fobes | ) www.cnbc.com time to read: +3 min

The Congressional Black Caucus will meet with President Joe Biden at the White House on Thursday to discuss police reform in the wake of the fatal beating of Tyre Nichols by police in Memphis, Tennessee. The caucus confirmed Tuesday that its meeting with Biden was set for Thursday and will include Horsford and a small group of attendees, not the entire caucus. "President Biden spoke yesterday with Representative Horsford and plans to host a small group of Congressional Black Caucus members at the White House this Thursday to discuss police reform legislation and other shared priorities," Olivia Dalton, White House principal deputy press secretary, told reporters aboard Air Force One on Tuesday. Several White House officials are scheduled to attend the funeral for Nichols on Wednesday, Dalton said. Biden expressed his condolences for Nichols' death and commended the family's courage and strength, the White House said.

☆ Why Do Officials Filch Classified Documents?
▼ + stars: | 2023-01-27 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

Wells warned of the contents of the video, called it "horrific," and asked people to protest in peace after its release. Crump has said it reminded him of “the Rodney King video,” referring to the 1991 bystander video of Los Angeles police officers beating a Black man. Two of the officers, Mills and Smith, posted $250,000 bond and were released late Thursday. Haley, Martin and Bean had remained in custody Thursday night, jail records showed. “I expect you to feel what the Nichols family feels,” she said.

☆ House Speaker McCarthy spoke with Musk about making Twitter 'fair on all sides'
▼ + stars: | 2023-01-27 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

U.S. Speaker of the House Kevin McCarthy (R-CA) arrives to a meeting with the House Republican Steering Committee at the U.S. Capitol Building on January 11, 2023 in Washington, DC. Twitter CEO Elon Musk discussed how to make the social media site "fair on all sides" in a meeting with House Speaker Kevin McCarthy, R-Calif., the lawmaker told reporters on Friday. "He wants to have a level playing field" and for everybody to have a voice, McCarthy said of the meeting in remarks reported by NBC News. On Friday, McCarthy also confirmed that Jeffries was in the Thursday meeting and that he had not previously met Musk. An aide to Jeffries told The Washington Post his encounter with Musk was only coincidental and happened as Musk was leaving his meeting with McCarthy.

☆ The U.S. dollar may hold the key to whether this market rally can last
▼ + stars: | 2023-01-27 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

The U.S. dollar surged in 2022, with the dollar index hitting a peak of $114.78 in September. But since September, the dollar index has slipped and is now nearing a range that could lend support to the S & P 500 . The dollar index nearing 100 is a key number that many technical analysts are watching – it was named one of the big numbers for 2023 by Oppenheimer. Still, she's also been watching the dollar's major corrective phase and per DeMARK Indicators sees an active signal on the dollar index that flashed on Jan. 13. .DXY YTD line DXY YTD "What it suggests is that from the support area, we should see a relief rally or a dollar bounce," she said, adding that this would mark a sentiment shift around the dollar.

☆ The timeline of Tyre Nichols' death, from being stopped by Memphis cops to officers being charged with his murder
▼ + stars: | 2023-01-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Tyre Nichols died after he was beaten by Memphis police officers, his family's attorneys say. The Memphis Police Department has not released many details about the case, but Police Chief Cerelyn Davis condemned the incident as "heinous, reckless, and inhumane." January 10: Nichols diesThe Tennessee Bureau of Investigation announced that Nichols had "succumbed to his injuries." January 20: Memphis Police says five officers firedMemphis police officers Demetrius Haley, Tadarrius Dean, Justin Smith, Emmitt Martin, and Desmond Mills Jr. are facing murder charges. Wells added that the footage showed Nichols repeatedly calling out for his mother, according to The Washington Post.

☆ Chart analyst Katie Stockton says she remains skeptical of bitcoin's 2023 rally
▼ + stars: | 2023-01-24 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Katie Stockton, founder of Fairlead Strategies, said Tuesday that bitcoin's rally in the new year doesn't look sustainable. "The positive development is that it has rallied enough to give folks an exit," Stockton said on CNBC's "Squawk Box." BTC.CB= 1Y mountain Bitcoin Stockton said a slow grind higher would be more bullish for bitcoin and other altcoins. "So we're skeptical as to the sustainability of this rally, which we are still viewing as countertrend," Stockton said. Meanwhile, the chart analyst said there are oversold conditions in place, but they've been in place for many months now.

☆ Under West Virginia bills, exposing minors to transgender people could be a crime
▼ + stars: | 2023-01-20 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +5 min

Two West Virginia bills aim to protect minors from obscene performances and materials, which the bills define, in part, as anything that includes exposure to or performances by transgender people. People who violate the bill regulating venues and performances, SB 278, could face a misdemeanor, a fine of up to $1,000 and/or jail time. Advocates in the state say the bills declare transgender people’s existence as inherently sexual and harmful to children. In West Virginia, legislators have introduced at least 10. Another West Virginia bill would allow 15% of voters in a city to recall “any ordinance or city code provision previously enacted by the governance.” Schneider said this bill, though it doesn’t explicitly name LGBTQ issues or people, could be used to repeal local nondiscrimination protections for LGBTQ people, which have passed in 18 cities in West Virginia.

☆ George Santos Has Got to Go
▼ + stars: | 2023-01-20 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

"FTX in my view now gets painted as a crypto problem. I think if you really peel enough onion layers, it's not really a crypto ... problem to happen here, it's fraud. "We talk about this as a crypto problem. But really, this is just fraud, and I think in some ways, not that dissimilar than Bernie Madoff," said Garlinghouse. "When Bernie Madoff occurred, we didn't totally restructure how we thought about oversight and regulation of hedge funds."

☆ Stopping the 'quiet quitting' trend could be all down to your boss
▼ + stars: | 2023-01-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +3 min

The idea of "quiet quitting" may not be anything new. Thierry Delaporte, CEO and managing director at IT company Wipro Limited, also sees quiet quitting as a chance for leaders to reflect on how they need to adjust to the changing labor force. The term quiet quitting was coined in 2022 on social media — with different definitions. People who were unable to resign or were unsuccessful in changing their work environment started asking questions, he said. Long term, it's not just about quiet quitting either, the Davos panel suggested.

☆ Wall Street's fear gauge has dipped below a key level. Why that could mean more trouble for stocks
▼ + stars: | 2023-01-17 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Each time, the S & P 500 subsequently sold off. "We're watching the 50-day moving average [on the VIX] as a risk metric for the S & P 500," she said. "Looking at past major routs in the S & P 500, it's always associated with a VIX at a much higher level. Emanuel's strategy involves buying March 31 S & P 500 puts and calls that are out of the money. Murphy said it seems the volatility in the S & P 500 will be to the downside.

Bills in some states propose ranked-choice voting only for local elections, while others offer a temporary pilot system that would test the use of ranked-choice voting for a fixed number of years. The state GOP used a ranked-choice voting system at its state convention in 2021 to select a gubernatorial nominee. Discussions are also underway among policymakers in Arizona, who are looking at ranked-choice voting as a possible way of curbing extremism. The latest raft of proposed legislation follows a year of notable and growing enthusiasm for ranked-choice voting. In 2022, lawmakers in 25 states introduced legislation advancing or expanding ranked-choice voting, with bills enacted in six states, according to FairVote.

☆ The top 1% captured nearly twice as much new wealth as the rest of the world over last two years: Oxfam
▼ + stars: | 2023-01-15 | by ( Tami Luhby | ) edition.cnn.com time to read: +4 min

The top 1% have captured nearly twice as much new wealth as the rest of the world during that period, according to Oxfam’s annual inequality report, released Sunday. At the start of the pandemic, global governments, particularly wealthier countries, poured trillions of dollars into their economies to prevent a collapse. It’s the first time that extreme wealth and extreme poverty have increased simultaneously in 25 years, said Oxfam. Tax the richTo counter this growing inequality, Oxfam is calling on governments to raise taxes on their wealthiest residents. Oxfam believes the rates on the top 1% should be high enough to significantly reduce their numbers and wealth.

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