Friday, August 29
Headlines
Saul Loeb/Getty Images
Fed Governor Lisa Cook sued President Trump over her firing. Cook filed the lawsuit yesterday in Washington, DC, federal court, calling Trump’s efforts to remove her illegal and kicking off a fight over the Fed’s independence. The suit focused on the Federal Reserve Act, which dictates that she could only be removed for “cause”—the parameters of which will likely ultimately be determined by the Supreme Court. The suit also claims Cook’s due process was violated, as she was not given an opportunity to respond to the mortgage fraud accusations that Trump said her termination was based on before he announced it. Cook’s filing suggested the mortgage application in question contained a “clerical error.”
US GDP growth got revised upward. The second of three estimates for Q2 GDP data was released by the Bureau of Economic Analysis yesterday, showing that the US gross domestic product increased by 3.3% on an annual basis during that time. That’s higher than the 3% estimate released last month, and the data will be revised one more time before it’s finalized. Growth is good, but it complicates the Federal Reserve’s job of making an interest rate decision in a couple of weeks. If the economy is trending up and to the right, it has less reason to cut interest rates.
Fallout from Monarez’s firing besieges CDC. Following President Trump’s firing of the director of the Centers for Disease Control and Prevention, Susan Monarez, on Wednesday night, three senior CDC leaders resigned in protest yesterday morning. Monarez was a longtime scientist for the federal government whom Trump nominated for the role. Her attorneys said she was fired for refusing to follow “unscientific, reckless directives.” One of the leaders who resigned said she did so because Monarez’s firing makes it easier for a CDC committee to change vaccine recommendations. That panel is scheduled to meet on Sept. 18, the Department of Health and Human Services announced yesterday.—HVL
Robert Reich
Friends,
Yesterday I heard from an old friend who urged me to slow down. “You’re overdoing it, Bob,” he said. “A new book. Movie. Substack. Videos. You’re pushing 80, for crying out loud. What are you trying to prove?”
I told him I’m not trying to prove anything.
He warned me I was going to harm my health.
Rubbish.
I’m not going to play golf or lie in a hammock and sip mint juleps. That’s not me.
Besides, there’s no way I’ll retire as long as a raving sociopath sits in the Oval Office and destroys everything I believe in.
Trump is 10 days older than I am. If he can cause as much mayhem as he does every day, the least I can do is make a bit of good trouble every day.
At A Glance
(8/25/25) TSA announces new luggage rules related to curling irons.
(8/20/25) The controversial rise of grandma showers.
(8/11/25) Petunia is crowned world's ugliest dog.
(8/18/25) Things people in happiest relationships discuss daily.
(8/25/25) Time-lapse of a girl over 20 years.
(8/22/25) The latest dating trend is Shrekking.
(8/5/25) The wild origins of the word "dude."
(8/14/25) The hardest-to-pronounce town name in every state.
(8/14/25) Farmer’s Almanac warns of long, cold winter for most of US.
(8/15/25) Map shows levels of forever chemicals near your home.
(8/13/25) The best-paying job for every Myers-Briggs personality type.
Clickbait: These features could be coming to your iPhone soon.
Historybook: "Casablanca" actress Ingrid Bergman born, dies (1915, 1982); Sen. John McCain born (1936); Michael Jackson born (1958); Netflix is founded (1997); Hurricane Katrina makes landfall in Louisiana, kills nearly 1,400 (2005).
In The NEWS
Sports, Entertainment, & Culture
> Sixteen-year-old convicted for supporting the thwarted terror attack intended to target Taylor Swift's "Eras Tour" concerts in Vienna last August (More)
> World golf No. 1 Scottie Scheffler highlights 12-man US team set to compete against Europe in next month's Ryder Cup at Bethpage Black in New York (More)
> ESPN and global streamer DAZN reach multiyear agreement for DAZN to stream college football and basketball in markets across the UK, Europe, and MENA region (More)
Science & Technology
> US health regulators approve updated COVID-19 boosters for those 65 and older and those over age 5 with underlying risk factors (More) | CDC director Susan Monarez fired less than one month after Senate confirmation (More)
> Historians use models predicting disease outbreaks to trace how conspiratorial rumors spread through France during the Great Fear of 1789 (More)
> Scientists create glow-in-the-dark succulents by injecting phosphorescent particles into the leaves; researchers suggest they could one day provide ambient nighttime lighting (More)
Business & Markets
> US stock markets close up (S&P 500 +0.2%, Dow +0.3%, Nasdaq +0.2%), with S&P 500 notching record high (More)
> Nvidia beats Wall Street estimates as Q2 revenue rose 56% year over year to $46.7B, breaking quarterly sales record (More) | Cracker Barrel shares close up 8% after restaurant chain scraps its controversial new logo (More)
> Delta Air Lines agrees to pay $79M to settle lawsuit over 2020 midair fuel release that drenched tens of thousands of properties across Los Angeles (More)
Politics & World Affairs
> Transportation Department to take control of Washington, DC’s Union Station from Amtrak and nonprofit as part of larger safety and beautification push (More)
> Federal grand jury rejects indictment against former Justice Department employee who allegedly threw a sandwich at federal officers in DC (More, w/video)
> Heavy rains kill at least 34 people in Pakistan and India, displace over 200,000 in eastern Pakistan, and submerge a notable Sikh shrine in northern India (More)
SOURCE: 1440 NEWS
Watching the NEWS
.jpg)
According to PEW RESEARCH CENTER in 2024 reported based upon their conducted research that only 38% of Americans watch the NEWS on a regular basis...
WTF???
THIRTY EIGHT PERCENT watch the news!!!
Almost TWO THIRDS of Americans have no frigging idea what is going on in this country...
Is this the fault of mainstream media distorting, withholding, and sometimes lying about the truth or is it because Americans are just fed up with what is going on in this country???
Regardless of the cause, the fact remains that Americans NO LONGER PAY ATTENTION to what their country is doing.
If they are not paying attention to the NEWS, then where do they receive their information???
SOCIAL MEDIA like:
- X
- Truth Social
- BlueSky
- TikTok
If anyone who has been on social media knows, social media platforms distort the truth to support their views. In some cases, the supposed truth are complete lies, especially when AI is used to create DEEP FAKES.
Americans are becoming more stupid day by day and could care less about what is happening to them...
Is that who you want to be???
FieldAI raises $405M to build universal robot brains
FieldAI, an Irvine, California-based robotics startup, has raised $405 million across multiple previously undisclosed rounds to develop what it calls “foundational embodied AI models” — essentially robot brains designed to help everything from humanoids to quadrupeds to self-driving cars adapt to new environments.
The company announced the funding Wednesday; the most recent round raised $314 million in August and was co-led by Bezos Expeditions, Prysm, and Temasek. FieldAI’s other backers include Khosla Ventures, Intel Capital, and Canaan Partners, among others.
Thursday, August 28
Headlines
Stephen Maturen/Getty Images
Two children killed in Minneapolis school shooting. Another 17 people were injured, 14 of them children, and the shooter was also dead after he shot through the windows during Mass at Annunciation Catholic School, authorities said yesterday. Two of the injured children were in critical condition but are expected to survive. The academic year for the school, which includes preschool through eighth grade, began on Monday. Authorities said they did not yet know the motive of the shooter, reportedly a former student of the school who was transgender, but FBI director Kash Patel said the shooting was being investigated as domestic terrorism and as a hate crime against Catholics.
Trump’s 50% tariff on India kicked in. India’s exports to the US will now get hit with a steep import tax, after President Trump doubled the 25% tariff he initially imposed on Indian goods to punish the country for buying Russian oil amid the war in Ukraine. The heightened tariff, which took effect yesterday, is putting a strain on US-India relations and could be a big blow to India since the US is its biggest export destination. It shipped about $87.3 billion worth of goods to the US last year. However, some major exports are exempt for now, including smartphones—which is good news for Apple as it’s been shifting manufacturing there in an effort to decrease its reliance on China.
The FDA approved updated Covid vaccines—but only for some people. The regulator signed off on this year’s version of the shots; however, it revoked the broad authorization for the vaccines, placing new limits on who is eligible to get them. The approval is for those at higher risk of severe illness, including people over age 65 or those who have an underlying health condition. All others will now need to get approval from a doctor to get the jab. The change comes after Health and Human Services Secretary Robert F. Kennedy Jr. often criticized vaccines, especially those that use mRNA. It could impact who can access the shots and whether insurance companies will cover them.—AR
Robert Reich
Friends,
Trump’s escalating rhetoric of a “crime wave” in America, coupled with threats to occupy Chicago, New York, Baltimore, and many other cities, has put many Democrats in a bind.
They worry if they deny crime is a problem, they could turn off swing voters who always and inevitably worry about crime.
As with immigration, crime is an issue that Trump can demagogue because, while the rate of serious crime his fallen dramatically, most Americans continue to fear crime. That fear has been heightened by expanding homeless encampments and drug overdoses in plain view, no matter what the statistics say.
Crime has also been a racial dog whistle. At least since Richard Nixon emphasized “law and order” and Ronald Reagan said he’d be “tough on crime,” Republicans have used fear of crime as code for white fear of Black people.
Subscribe to:
Comments (Atom)