Joe Biden has a Bill Ackman problem, too
Posted By: Dreadnought, 1/18/2024 1:06:20 AM
Bill Ackman, whose outspoken criticism of Claudine Gay's inadequate response to antisemitism at Harvard and subsequent vow to expose plagiarism in academia and in the media, is a force to be reckoned with. So when he declared in the wake of the Iowa Caucus that President Trump was going to blow Joe Biden out of the water come November, it drew headlines. According to the New York Post: Hedge fund billionaire Bill Ackman reacted to former President Donald Trump’s landslide victory in Monday’s Iowa caucuses by warning Democrats that incumbent President Joe Biden is toast. “If you haven’t figured it out already, it is now abundantly clear that @realDonaldTrump is going to crush @POTUS,”
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Fox News’ Sandra Smith exclaimed, “Wow!” when talking about the U.S. stock market hitting an all-time high on Friday.
“Fox News Alert here, as we take a look at the markets, and the U.S. Stock market continues to hit record high after record high,” she said, continuing:
You’re looking at a fresh 300-point gain on the Dow right now, hitting its highs of the session. The S&P 500, which is a snapshot of the broader U.S. Stock market, is hitting an all-time high, surpassing the previous record set two years ago.So, wow, there continues to be a lot of enthusiasm and a lot of optimism in the U.S. Stock market.
The stock market keeps scaling new heights as investors focus on the good and ignore the bad, no matter how bad the bad parts might look sometimes.
Prospects for a slowing economy, geopolitical unrest and turmoil in Washington aren't scaring market participants largely because none of those threats have turned into much in reality.
What instead has taken center stage is an economy performing remarkably well, inflation pulling back and a run of positive developments in Big Tech that has outweighed any what-ifs that the market has had to endure.
"If investors are looking for a reason to be negative, it's hard to find," said Mitchell Goldberg, president of ClientFirst Strategy,
WASHINGTON, - U.S. consumer sentiment improved in January, hitting the highest level in 2-1/2 years amid growing optimism over the outlook for inflation and household incomes, which bodes well for the economy's prospects this year.
The better-than-expected reading in sentiment reported by the University of Michigan on Friday reflected a brightening of moods across all age and income groups, education and geographical locations as well as political affiliation. It suggested that Americans were finally warming up to the economy's resilience after much anxiety over high inflation, which has weighed on President Joe Biden's popularity. Consumers' inflation expectations over the next 12 months were the lowest in three years,
Rep. Ro Khanna vented against President Biden over working with Republicans on a border deal. Biden is desperate to move the needle on the demands of Republicans that border security get hammered out before they agree to vote on more aid to Ukraine.
Republicans are using their leverage to demand that Biden agree to common sense actions on the southern border. House progressives are angry that progressive voices, they claim, are being shut out of the negotiations process in the Senate. Rep. Ro Khanna (D- Silicon Valley) is angry because he sees Biden’s cooperation for what it is – election year appeasement.
Biden has stalled about
Sports Illustrated employees were notified on Friday that a "significant number, if not all" of their jobs were set to be eliminated, according to a new statement from the publication's union.
The Sports Illustrated union posted on X: "This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship. We are calling on ABG to ensure the continued publication of SI and allow it to serve our audience in the way it has for nearly 70 years." Mitch Goldich, unit chair of the SI union and NFL editor, said in a statement that the union will continue to fight
Republican presidential contender Nikki Haley ruled out the possibility of serving as vice president in comments to New Hampshire voters on Friday, amid speculation that former president Donald Trump might tap Haley to balance out his ticket if her own presidential ambitions don’t pan out.
“I’ve said from the very beginning: I don’t play for second. I don’t want to be anybody’s vice president. That is off the table,” Haley told diners at a restaurant in Amherst, New Hampshire, according to a Politico reporter who overheard the comments.
The former U.N. ambassador’s presidential campaign has been dogged in recent weeks by questions about her willingness to serve
WASHINGTON — The Justice Department wants former Trump White House adviser Peter Navarro to spend six months behind bars after being convicted of criminal contempt of Congress for ignoring a subpoena.
Federal prosecutors said in a court filing Thursday that Navarro “deserves severe punishment” that includes a $200,000 fine in addition to prison time. He is scheduled to be sentenced Jan 25. Navarro, 74, was found guilty last year on two counts of contempt after he rejected a congressional subpoena to testify before the now-defunct Jan. 6 committee and provide relevant documents.
“The Defendant chose allegiance to former President Donald Trump over the rule of law,”
Alec Baldwin has been charged with involuntary manslaughter for the 2021 shooting death of cinematographer Halyna Hutchins on the set of the movie "Rust," according to court documents filed on Friday in Santa Fe, New Mexico. These are new charges filed after earlier charges against Baldwin were dropped in April.
Prosecutors said in October that they were calling a grand jury to look into new evidence and would seek to re-charge Baldwin. New Mexico-based prosecutors said that "additional facts" had come to light in the October 2021 fatal shooting that occurred during filming on the outskirts of Santa Fe.
The Biden administration has approved an additional $5 billion in debt cancelation for roughly 74,000 student loan borrowers, the White House said in a statement Friday.
President Biden said many of the borrowers impacted by his latest student loan debt handout are public sector workers, like teachers and firefighters, who will have their debt erased after 10 years of public service. Nearly 30,000 borrowers impacted have been in repayment for at least 20 years "but never got the relief they earned through income-driven repayment plans," Biden said.
The latest round of student debt cancelation brings the total amount canceled under Biden to $136.6 billion for more than 3.7 million Americans,
The Military Committee chairman of NATO warned of the possibility of a regional war with Russia in the coming decades in comments to military leaders during a NATO meeting in Brussels on Thursday.
“We have to realize it’s not a given that we are in peace. And that’s why we [NATO] are preparing for a conflict with Russia,” Admiral Rob Bauer said. “But the discussion is much wider. It is also the industrial base and also the people that have to understand they play a role.”
“It starts there,” the four-star Dutch admiral added. “The realization that not everything is planable and not everything is going to be hunky dory
Financial Stress from Migrant Crisis Threatens
to ‘Break’ Denver Hospital System,
CEO Says 23 replies
to ‘Break’ Denver Hospital System,
CEO Says 23 replies
A hospital system in Denver warned local lawmakers this week that it is on the brink of collapse due to financial pressures created by the migrant crisis.
Denver Health recorded some 20,000 visits from 8,000 Central American migrants in 2023 for everything from dental emergencies to mental health counseling, according to the Denver Post.
Denver estimates more than 36,000 illegal immigrants, most of whom are Venezuelan, have arrived in the city since December 2022. Roughly half of those migrants have decided to put down roots in the city.
The influx created a $2 million loss for the hospital system last year, following a $35 million loss
Global Positioning System (GPS) disturbances detected across NATO member Poland on Tuesday have sparked speculation of Russian involvement, following a similar incident in the region this month.
Polish news outlet Radio Zet portal reported "over northern and central Poland, the GPS signal was again jammed," with Warsaw, Łódź, Tricity and Olsztyn among cities affected and that Swedish military intelligence agency MUST was investigating the cause. Other Polish news outlets reported disturbances and an interference map available on the gpsjam.org website showed the extent of GPS problems across much of Poland, with a high level of interference over Kaliningrad, the Russian enclave that borders the country.
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Secretary of State Antony Blinken told Israeli Prime Minister Benjamin Netanyahu last week that Israel cannot defeat Hamas — that there is no “military solution,” and that Israel will have to accept a Palestinian state.
Netanyahu reportedly rejected the idea.
NBC News reported Wednesday that Blinken, and Biden, are therefore trying to work around Netanyahu — the democratically-elected leader of Israel — in a departure from the Biden administration’s posture as the supposed defender of democratic ideals:
Blinken told Netanyahu that ultimately there is no military solution to Hamas, according to the officials, and that the Israeli leader needs to recognize that or history will repeat itself and violence will continue. But,
Former Attorney General Eric Holder said Thursday on MSNBC’s “The ReidOut” that “American democracy could end with the election” of former President Donald Trump.
Holder said, “I think a second Trump term, and this is something voters need to keep in mind, a second Trump term would have a politicized, weaponized United States Department of Justice.” He continued, “You have to look at what it is they’re talking about. That is the Trump campaign, the former president himself and think of the America they’re trying to create. You would have a president who is beyond the reach of the law,
Rice University is offering an 'Afrochemistry' class that promises to analyze science through a 'contemporary African-American lens'.
Marketed as 'the study of black-life matter', a play on words merging science jargon with the Black Lives Matter movement, the course begins this semester.
The course description on the university's website explains students will 'apply chemical tools and analysis to understand black life in the US' and 'implement African American sensibilities to analyze chemistry'.
'Diverse historical and contemporary scientists, intellectuals, and chemical discoveries will inform personal reflections and proposals for addressing inequities in chemistry and chemical education,' it read.
Brooke Johnson, a Rice graduate with a PhD in chemistry from Princeton hired last August as part
Many Black activists are agitating for two things.
One, they want reparations for the enslavement of some of their ancestors centuries ago, a small fraction of which is to be paid by the people whose ancestors were the enslavers, and a large fraction of which is to be paid by people like me whose ancestors back then were raiding rival clans in the Scottish Highlands without ever setting eyes on a Black person in their entire poor, nasty, brutish and short lives.
Two, they want to reinstitute racial segregation. They want Black dorm buildings in college, Black classes, Black this and Black that,
An article by New York Post legendary gossip columnist Cindy Adams reports Barack and Michelle Obama are angling to replace Joe Biden with former First Lady Michelle as the Democrats’ 2024 presidential nominee.
Obama world was rocked when Donald Trump short-circuited the Obama revolution to remake America when he defeated would-be Obama successor Hillary Clinton in 2016 and has taken merciless revenge on President Trump ever since. Barack Obama is thought by many to be the behind the scenes power of the Biden presidency. But with Joe Biden and Kamala Harris having some of the worst polling numbers
New evidence confirms there’s a storm brewing in the Democratic Party.
A source from Barack Obama’s inner circle just leaked that the former president is worried that Biden “very well could lose.”
Meanwhile, David Axelrod – a key political strategist for Obama – warned Biden that his campaign needed to ramp up ASAP or he should drop out of the race altogether.
“I understand [Biden] was irritated because I raised concerns that many, many Democrats had,” said Axelrod. “And again, my feeling is either get out or get going.”
But Obama and Axelrod are not alone in this assessment.
A Wall Street insider and frequent guest at Mar-a-Lago recently went public
Republican presidential contender Nikki Haley ruled out the possibility of serving as vice president in comments to New Hampshire voters on Friday, amid speculation that former president Donald Trump might tap Haley to balance out his ticket if her own presidential ambitions don’t pan out.
“I’ve said from the very beginning: I don’t play for second. I don’t want to be anybody’s vice president. That is off the table,” Haley told diners at a restaurant in Amherst, New Hampshire, according to a Politico reporter who overheard the comments.
The former U.N. ambassador’s presidential campaign has been dogged in recent weeks by questions about her willingness to serve
As Lincoln Brown reported for PJ Media yesterday, John Kerry massively expanded his carbon footprint to journey to Davos for a luxury getaway in order to lecture the peasants, as Avi Yemeni puts it, on their own carbon footprint. At a Davos speaking engagement, Kerry had the following to say regarding the intersection of democracy and Climate Change™:
If you wound up with a different President who was opposed to climate crisis, I got news for you. No one politician anywhere in the world can undo what is happening now...The only issue for all of us is not whether or not we can get or will get to a
Israeli Prime Minister Benjamin Netanyahu issued a veiled rebuke to U.S. Secretary of State Antony Blinken on Thursday night, pushing back against Blinken’s claim that Israel could not defeat Hamas in Gaza, and that it should accept a Palestinian state.
Without naming Blinken specifically, Netanyahu criticized those who, he said wanted to tie Israel’s hands and said that Israel could not win. On Wednesday, reports emerged that Blinken had told Netanyahu last week that Israel would not succeed in destroying Hamas’s military capabilities — an assertion at odds with Israel’s ongoing military success, and strong Israeli public support for the war. Blinken and the Biden administration also want Israel to accept
The intrigue over who Donald Trump will pick to be his vice president on the 2024 Republican ticket he's presumed to be leading is growing. A recent report placed Rep. Elise Stefanik, a moderate House member from New York, near the top of the list. Then there's Nikki Haley, who has reportedly been under consideration for a while, even as she remains in the primary race. On that front, when the Trump campaign had a chance to put the Nikki Haley issue to bed once and for all, they chose not to, instead only ruling out Vivek Ramaswamy.
What that says is that the former president's closest advisors
To combat chronic absenteeism, bipartisan
Ohio lawmakers propose paying kids to
go to school 27 replies
Ohio lawmakers propose paying kids to
go to school 27 replies
The bipartisan sponsors of a new bill to target chronic absenteeism want to model a piece of advice from novelist Jean Shepherd: “In God we trust, all others pay cash.”
In a proposed two-year pilot program, Republican state Rep. Bill Seitz and Democratic Rep. Dani Isaacsohn, both of Cincinnati, said cash transfers would be sent to kindergarteners and ninth graders. [SNIP] According to the Ohio Department of Education and Workforce, prior to the pandemic, kindergarteners considered chronically absent – missing 10% or more of a school year for any reason – registered at 11%. In the last school year, the rate ballooned to 29%.
Attorney General Merrick Garland asserted in an interview Friday that former President Donald Trump’s trial in special counsel Jack Smith’s case against him should be quick as the 2024 presidential election approaches.
Smith has repeatedly endeavored to speed up the timeline of the case in order to maintain the scheduled March 4 trial date. Garland said he is in agreement with Smith about accelerating the trial in the interview with CNN justice correspondent Evan Perez on “CNN This Morning.” (snip) “Special prosecutors followed the facts and the law,” Garland responded to a question about whether the case should have been brought sooner. “They brought cases when they thought they were ready.”