When the curtain closes on 2020, we'll be putting one of the wildest year on record for the stock market into the rearview mirror. Although it's impossible to predict when stock market crashes and corrections will occur, how long they'll last, or how steep the decline will be, there's a pretty good chance that if we see a crash or correction within the next three months, it'll be due to the following four factors.
- Yahoo News
Early data on the rollout of the vaccines for COVID-19 shows that minority populations in the United States already disproportionately affected by the pandemic are not being immunized at the same rate as white Americans.
- The Week
Biden did not, in fact, remove Trump's 'Diet Coke button' from the Resolute Desk, White House clarifies
The new Biden administration has yet not disclosed the secrets of Area 51 or explained what the Air Force really knows about UFOs, but it did clarify, at least, the mystery of the vanished "Diet Coke button" former President Donald Trump would use to summon refreshments in the Oval Office. The usher button, as it is formally known, is not gone, even if it is no longer used to summon Diet Cokes, a White House official tells Politico. The White House official "unfortunately wouldn't say what Biden will use the button for," Politico's Daniel Lippman writes, suggesting Biden might summon Orange Gatorade and not the obvious answer, ice cream — or, let's get real, coffee. What's more, there are evidently two usher buttons in the Oval Office, one at the Resolute Desk and the other next to the chair by the fireplace, a former White House official told Politico, adding that Trump didn't actually use the Diet Coke button all that much because "he would usually just verbally ask the valets, who were around all day, for what he needed." In any case, it is not the placement of the button that matters, of course, but how you use it. And Biden will presumably know better than to order ice cream treats during a top-secret national security briefing. More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorDemocrats are getting Chuck GrassleyedTrump himself suggested a former president can be impeached
- The Independent
Biden officials struggle to understand why doses have not been administered, says report, as president promises to ramp-up vaccination rate
- The Week
In an interview with MSNBC's Rachel Maddow on Monday afternoon, Senate Majority Leader Chuck Schumer (D-N.Y.) said his caucus won't allow Minority Leader Mitch McConnell (R-Ky.) to dictate the agenda in the Democratic-led 50-50 Senate or demand an end to the legislative filibuster as a precondition for a power-sharing pact. "We've told McConnell no on the organizing resolution, and that's that. So there's no negotiations on that," Schumer said, suggesting he had a secret plan. "There are ways to deal with him." Maddow included an update when she broadcast the interview Monday night. "While we were airing that right now, and you were watching it, Republican Minority Leader Mitch McConnell just put out a statement that he is folding on this" and willl "agree to go forward with what Sen. Schumer told him he must," she said. "Sen. Mitch McConnell has caved and Sen. Schumer has won that fight. That was quick. Let's see what else we can do." No sooner has the portion of Rachel Maddow's interview with Senator Majority Leader Chuck Schumer aired than Mitch McConnell has put out a statement that he is folding, ending the stand-off. pic.twitter.com/9qR1jpKXkf — Maddow Blog (@MaddowBlog) January 26, 2021 McConnell said he would allow the Senate to move forward because two Democrats had reiterated their opposition to ending the filibuster, effectively taking that option off the table. Maddow asked Schumer about that, too, and he didn't answer directly. "The caucus is united with the belief that I have: We must get big, strong, bold things done," Schumer said. The Democratic caucus is also "totally united" that "we will not let Mitch McConnell dictate to us what we will do and not do," and "we have tools that we can use," notably the budget reconciliation process," he added. "We will come together as a caucus and figure it out." "We will not let Mitch McConnell dictate to us what we will do and not do." Here's Senate Majority Leader Chuck Schumer earlier in his interview with Rachel Maddow, talking about the filibuster specifically, and getting things done. pic.twitter.com/xOAKWfe2Fu — Maddow Blog (@MaddowBlog) January 26, 2021 Schumer also suggested he is not interested in playing cat-and-mouse with McConnell's Republicans again. Watch below. "We will not repeat that mistake." Senate Majority Leader Schumer cites Obama era lessons in prioritizing legislation over bad faith Republican 'bipartisanship.' pic.twitter.com/gpc1kBP45w — Maddow Blog (@MaddowBlog) January 26, 2021 More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorDemocrats are getting Chuck GrassleyedTrump himself suggested a former president can be impeached
- The Telegraph
Joe Biden is set to ban new oil and gas drilling on land owned by the US government as he unveils wide-ranging climate change plans. Mr Biden indicated his administration would move quickly to reverse Donald Trump's policies on energy and the environment The indefinite moratorium, expected to be announced on Wednesday, expanded a 60-day suspension of new drilling permits the new president introduced last week. It also followed Mr Biden's decision to end the $8 billion Keystone XL pipeline project, which was criticised by Justin Trudeau, the Canadian prime minister. The latest move was welcomed by environmentalists, but attacked by oil and gas industry groups. Kieran Suckling, executive director at the Center for Biological Diversity, said: "The fossil fuel industry has inflicted tremendous damage on the planet. "The administration's review, if done correctly, will show that filthy fracking and drilling must end for good, everywhere." Oceana, a marine conservation group, said it was "very excited about the president’s agenda." But Brook Simmons, president of the Petroleum Alliance of Oklahoma said: "This is just the start. It will get worse. Meanwhile, the laws of physics, chemistry and supply and demand remain in effect. "Oil and natural gas prices are going up and so will home heating bills, consumer prices and fuel costs."
Germany's health minister supported European Union proposals to introduce restrictions on COVID-19 vaccines on Tuesday as tensions grew with AstraZeneca and Pfizer over sudden supply cuts just a month after the bloc started vaccinating citizens. The EU has proposed setting up a register of vaccine exports, amid frustration over delays in deliveries of AstraZeneca's COVID-19 shot and other supply problems.
- Los Angeles Times Opinion
Gov. Newsom needs to do a better job communicating California's statewide COVID restrictions with the public, and with other state officials.
- Associated Press
Allies of jailed Russian opposition leader Alexei Navalny, who faces years in prison, called for new protests next weekend to demand his release, following a wave of demonstrations that turned out tens of thousands across the country in a defiant challenge to President Vladimir Putin. Mass rallies took place Saturday in over 100 cities in what observers said was the largest outpouring of anger in years, and Navalny's supporters urged protesters to keep up the pressure. During Saturday's protests, over 3,700 people were detained, according to OVD-Info, a human rights group that monitors political arrests.
- The Week
The CEO of MyPillow will no longer be able to use his Twitter. MyPillow CEO Mike Lindell has been permanently banned from Twitter for "repeated violations of our Civic Integrity Policy," the company told CNN. While Twitter didn't specify what tweet prompted Lindell's final suspension, he has in recent weeks been pushing false claims about widespread fraud in the 2020 election. Twitter's Civic Integrity Policy states that users may not use the platform "for the purpose of manipulating or interfering in elections or other civic processes," including by posting "false or misleading information about the procedures or circumstances around participation in" elections. Under this policy, five or more strikes will lead to a permanent suspension. Lindell, who visited former President Donald Trump at the White House earlier this month and was seen with notes referencing "martial law," also could soon be hit with a potential defamation lawsuit for his election claims. Dominion Voting Systems has threatened to sue the MyPillow boss over his promotion of a false conspiracy theory that the company's machines were used to change the outcome of the presidential race. Dominion on Monday sued Trump's personal attorney, Rudy Giuliani, who also promoted the false claims. Lindell told The New York Times he would "welcome" a lawsuit from Dominion. Twitter's suspension of Lindell comes after the company earlier this month permanently banned Trump due to the "risk of further incitement of violence" following the deadly Capitol riot. Twitter CEO Jack Dorsey has defended the decision, while at the same time saying that "a ban is a failure of ours ultimately to promote healthy conversation." More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorDemocrats are getting Chuck GrassleyedTrump himself suggested a former president can be impeached
- Architectural Digest
Let’s get loudOriginally Appeared on Architectural Digest
The death toll from storm Eloise rose to at least 13 on Monday after heavy winds, rain and flooding destroyed buildings, drowned crops and displaced thousands in parts of southern Africa. Eloise weakened from a cyclone to a tropical storm after making landfall in central Mozambique on Saturday, but continued to dump rain on Zimbabwe, eSwatini - formerly known as Swaziland - South Africa and Botswana. Six people were killed in Mozambique, the country's National Institute for Disaster Risk Management and Reduction (INGD) reported, while the number of displaced people rose to more than 8,000, with thousands of homes wrecked or flooded.
- Associated Press
A North Korean diplomat who served as the country’s acting ambassador to Kuwait has defected to South Korea, according to South Korean lawmakers who were briefed by Seoul’s spy agency. Ha Tae-keung, a conservative opposition lawmaker and an executive secretary of the National Assembly’s intelligence committee, said Tuesday he was told by officials from the National Intelligence Service that the diplomat arrived in South Korea in September 2019 with his wife and at least one child. Ha said he was told that the diplomat, who changed his name to Ryu Hyun-woo after arriving in the South, had escaped through a South Korean diplomatic mission but that spy officials didn’t specify where.
- The Week
With former President Donald Trump's Senate impeachment trial looming, several Republicans in the upper chamber are reportedly rallying around the argument that impeaching a president who is already out of office is unconstitutional. As The Dispatch and Politico note, scholars in legal circles that span the political spectrum generally disagree, and Trump himself suggested ex-presidents could be tried a year ago. Per The Washington Post, when Trump was impeached for the first time, he complained that Congress should be going after former President Barack Obama instead over comments he made about health care. "We should impeach him for that," Trump said. "Why aren't we impeaching him?" Some of his staunchest allies in Congress concurred, including Rep. Matt Gaetz (R-Fla.), who stated explicitly in 2019 that former presidents are subject to impeachment. Gaetz didn't change his mind this time around, though he made the case Trump's actions aren't impeachment-worthy. Regardless, the comments raise questions about the sincerity of the argument. Can’t overstate the importance of reporters conveying that this position was fabricated rapidly to give Republican senators dishonest cover to acquit Trump. Clearly evident in the genesis of the talking point. https://t.co/pC0nmIADoP — Brian Beutler (@brianbeutler) January 26, 2021 More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorDemocrats are getting Chuck GrassleyedBiden did not, in fact, remove Trump's 'Diet Coke button' from the Resolute Desk, White House clarifies
- Yahoo News Video
A former pathologist at an Arkansas veterans’ hospital has been sentenced to 20 years in federal prison after pleading guilty last year to involuntary manslaughter in the death of a patient that he misdiagnosed.
Italy asked the European Commission on Tuesday to take action against Pfizer over cuts to its COVID-19 vaccine deliveries, the government's special commissioner said. The request to Brussels came a day after Rome sent a formal warning letter to the U.S. drug company calling on it to respect its contractual commitments after a temporary slowdown in its COVID-19 vaccine deliveries. Pfizer has said it will make up for the drop in deliveries with manufacturing changes that will boost output.
- The Telegraph
Ghislaine Maxwell's lawyers have complained the grand jury who indicted her on child sex trafficking charges did not contain enough black or Hispanic jurors, in one of a series of court filings attempting to have her case dismissed. Ms Maxwell, 59, was arrested last July and is being held in a New York City jail while awaiting trial on charges that she recruited underage girls in the 1990s for financier Jeffrey Epstein to sexually abuse. The British socialite's legal team argued that prosecutors used the coronavirus outbreak as an excuse to seat the grand jury outside New York City, when the pandemic was killing thousands of residents. Instead, a panel was convened in White Plains, an affluent suburb of New York, where the lawyers argued Black and Hispanic grand jurors would have been underrepresented. "The fact that Ms Maxwell herself is neither Black nor Hispanic does not deprive her of standing to raise this challenge," the lawyers wrote.
- The Independent
Newsmax said it already had enough correspondents at White House
- Associated Press
Israel's military chief Tuesday warned the Biden administration against rejoining the 2015 Iran nuclear deal, even if it toughens its terms, adding he's ordered his forces to step up preparations for possible offensive action against Iran during the coming year. The comments by Lt. Gen. Aviv Kohavi came as Israel and Iran both seek to put pressure on President Joe Biden ahead of his expected announcement on his approach for dealing with the Iranian nuclear program.
- NBC News
First Read is your briefing from "Meet the Press" and the NBC Political Unit on the day's most important political stories and why they matter.
- The Independent
Former White House Press Secretary Kayleigh McEnany spent her time as the president's mouthpiece spinning his words, attacking his enemies, and attempting to undermine the credibility of reporters who questioned his actions. Now, with her days at the White House behind her, Ms McEnany will step into a new role where she can once again use the skill set she cultivated during her time with the president; she'll be joining Fox News. Government watchdog organisation CREW obtained a financial disclosure report that showed Ms McEnany and Fox News entered into an employment agreement on 1 January.