Odds and Ends — 22 January 2023
Cryptocurrency, Investing, Money, Economy, Business, and Debt:
SBF to forfeit $700M worth of assets if found guilty of fraud
First Hearing in Genesis Bankruptcy Case Set for Monday
DOJ launches criminal investigation into Abbott over baby formula crisis
Coronavirus News, Analysis, and Opinion:
China says Covid outbreak has infected 80% of population
Trying to Stop Long COVID Before It Even Starts
White House Pushes GOP to Show Spending Cuts
The Biden administration is focused on pressing the GOP to unveil a debt limit plan that includes spending cuts, with the hope that such a proposal will prove so divisive among Republicans that they are forced to abandon brinkmanship. This strategy stems in part from the belief among White House officials that it would be enormously risky either to negotiate policy with the GOP on the debt limit or try to solve it via executive order — and they appear willing to put that premise to the test.
I don’t see how Republicans can win this one. If all else fails, Biden could simply tell the Treasury to issue several trillion-dollar coins. Republicans would whine, but they’d be powerless to do anything about it.
The Clash Over Whether to Send German Tanks to Ukraine Is a Pretty Big Deal
U.S. Advises Ukraine to Wait for New Offensive
Senior U.S. officials are advising Ukraine to hold off on launching a major offensive against Russian forces until the latest supply of U.S. weaponry is in place and training has been provided, a senior Biden administration official said…
The official said the United States does not plan at this juncture to send Abrams tanks to Ukraine because they are costly and difficult to maintain.
The maintenance issue is probably the deciding factor. And, damn, the Abrams goes through crazy amounts of fuel.
Biden’s documents: Democrats, media fall into GOP trap one more time
California’s new wealth tax could follow you to Florida or Texas — and would hit more than billionaires
The proposed law also includes provisions that would allow the state to pursue wealth taxes from former California residents who may have built their wealth here but later moved to Florida, Texas or another state.
I have a hard time believing that this would survive the inevitable challenge in the federal courts.
Brazil Congress riots: President Lula sacks army commander
The Energizer Bunny of Nobel Laureates
Maria Ressa is focused on three things: avoiding prison, fixing the entire internet, and saving democracy.
Punch-drunk Apple Watch called 15 cops to a boxing workout when it heard ‘shots’
Fact check: Greenhouse gases are a driving factor in global warming, contrary to post
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