Tuesday, November 11

Headline


Activists in front of the Supreme Court in 2015. 
MLADEN ANTONOV/AFP via Getty Images




SCOTUS rejects bid to overturn same-sex marriage ruling. The Supreme Court refused to hear a case inviting it to revisit its landmark precedent legalizing same-sex marriage nationwide. The justices turned away a long-shot appeal from Kim Davis, a former Kentucky court clerk who made headlines for refusing to issue marriage licenses in the wake of the court’s 2015 decision Obergefell v. Hodges. Davis faced fines and was briefly jailed for contempt of court for her conduct, and she lost a reelection bid in 2018. In her appeal seeking to have the fines overturned, Davis had urged the court—which now has two more conservative justices than it did in 2015—to reconsider the constitutional right to same-sex marriage.

Trump floats $2,000 tariff rebates. Praising tariffs after the Supreme Court last week appeared poised to potentially find some of them illegal, the president said on Truth Social on Sunday, “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone.” But don’t start looking in your mailbox for a check yet—and not just because of SCOTUS. Treasury Secretary Scott Bessent said no formal proposal had been made, and, according to CNN, Congress would likely need to sign off on any such program. And although President Trump didn’t specify who would qualify for the cash, CNN notes that $220 billion has been collected in tariffs, but a distribution to all taxpayers would cost ~$326 billion.

Warren Buffett says he’s “going quiet” as successor prepares to take over. The legendary 95-year-old investor put out a letter yesterday saying he no longer plans to write Berkshire Hathaway’s annual shareholder letter, with Greg Abel poised to take over as CEO at the end of the year—though he plans to keep his Thanksgiving letter as an annual tradition, much like green bean casserole. Buffett also said he’d hold onto a significant chunk of his Class A shares while investors got comfortable with the firm’s new leader, despite speeding up donations to his children’s foundations.—AR


No comments:

Post a Comment