Thursday, November 20
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The Fed is deeply divided, and it won’t have full October data. Central bankers cut interest rates last month, but they were split over whether to focus on the weak job market or inflation—and over whether more cuts will be necessary going forward, minutes from the Fed’s last meeting show. That leaves the outlook for whether they’ll opt for another cut in December murky. And Jerome Powell and co. won’t have all the data when making the decision: Yesterday, the Bureau of Labor Statistics said it won’t publish a full jobs report for October due to the government shutdown. Instead, it’ll include some information about the labor market in October with its November report, but it won’t have an unemployment tally, as the information “could not be collected.” It also delayed the November data drop until six days after the Fed’s December meeting.
President Trump signed the bill requiring the Epstein files’ release. The legislation signed by the president yesterday obliges the Department of Justice to release all files and communications related to the late sex offender Jeffrey Epstein, including information about the investigation into his death in prison, within 30 days. Trump could have released this information without Congress; however, he opposed the legislation, which divided his party. He abruptly pivoted over the weekend to say that Republicans should support it—after which the bill passed with near-unanimous bipartisan support. In announcing he had signed the bill, Trump characterized the issue as something Democrats used “to try and distract from our AMAZING Victories.”
Target still not hitting the bull’s-eye. The big-box chain’s struggles continued last quarter, with Target reporting yesterday that sales continued to slump, marking the 12th quarter in a row with weak or declining sales. The company’s stock is down nearly 35% for the year. But incoming CEO Michael Fiddelke plans to boost investment next year to $5 billion to improve stores, digital offerings, and merchandise in hopes of turning things around. “If you’re frustrated with our recent performance, we are too,” Fiddelke told analysts.—AR
Robert Reich
It is an inherent part of neofascism
Friends,
Today I want to talk to you about a difficult subject. Let me start with the Trump regime’s ongoing accusations of antisemitism to extort billions of dollars from American universities — while simultaneously disregarding antisemitism within its own ranks.
Exhibit A is Harmeet Dhillon, now Trump’s assistant attorney general for civil rights. For the last 10 months, Dhillon has condemned prestigious universities for allowing what she deems “antisemitic” protests — and withheld research funding unless they agree to explicit measures supposedly to prevent antisemitism.
I was a Dartmouth trustee in the 1980s when its president, James O. Freedman, who was Jewish, endured the antisemitic barbs of an ascendant right-wing student group that included Dhillon, along with Laura Ingraham and Dinesh D’Souza.
In 1988, as editor of The Dartmouth Review, Dhillon published a column depicting Freedman as Adolf Hitler under the headline “Ein Reich, Ein Volk, Ein Freedmann” — a play on a Nazi slogan, “One Empire, One People, One Leader,” but substituting and misspelling Freedman’s name for “Fuhrer.”
At A Glance
See National Geographic's pictures of the year.
"The Simpsons" says goodbye to character introduced in 1991.
How the Pilgrims came to dominate the Thanksgiving origin story.
The newest wellness obsession is fiber.
Urban raccoons appear to be evolving to be more pet-like.
Pokémon’s path from playground trades to global phenomenon.
Curaçao becomes smallest country to ever qualify for World Cup.
Study finds Neanderthals likely engaged in kissing, too.
In partnership: Need something to binge? Here's a mountain of entertainment.*
Clickbait: The jellyfish that never dies.
Historybook: US Sen. Robert F. Kennedy born (1925); Former President Joe Biden born (1942); Nuremberg trials against 24 Nazi war criminals begin (1945); Actress Bo Derek born (1956); Microsoft Windows 1.0 released (1985).
In The NEWS
Sports, Entertainment, & Culture
> "The Joe Rogan Experience" tops Apple's year-end podcast charts by listenership; "The Telepathy Tapes" ranks No. 1 in top series and most shared categories (More)
> Alice and Ellen Kessler, German twins and entertainment duo who rose to international stardom in the 1950s and 1960s, die at 89 by assisted suicide (More)
> Sean "Diddy" Combs faces new sexual assault claims from music producer over alleged 2020 and 2021 incidents; LA County Sheriff's Department is investigating (More)
Science & Technology
> Google rolls out Gemini 3 AI model, built to better grasp nuance and user intent; release comes nearly eight months after Gemini 2.5 and almost two years after 1.0 (More) | The best resources we've found on large language models (1440 Topics)
> Engineers use ultrasonic waves to shake water molecules out of air; method is 45 times more efficient than heat-based systems and could improve access to clean drinking water in desert regions (More)
> First-ever 3D analysis of preserved Neanderthal nasal cavity challenges long-standing theory that Neanderthals developed large noses to adapt to cold climate (More)
Business & Markets
> US stock markets close lower (S&P 500 -0.8%, Dow -1.1%, Nasdaq -1.2%); S&P 500 logs longest slide since August (More)
> Meta wins FTC antitrust case after federal judge rules the tech giant did not monopolize personal social networking services when it acquired Instagram in 2012 and WhatsApp in 2014 (More)
> AI company Anthropic valued at around $350B after up to $5B investment from Microsoft and up to $10B investment from Nvidia; Anthropic to commit up to $30B to Microsoft's Azure cloud computing platform (More)
Politics & World Affairs
> Trump administration takes steps to dismantle the Education Department by transferring key programs to four other agencies, which include the departments of Labor, Health and Human Services, State, and Interior (More)
> Misplaced wire label caused cargo ship to lose power and crash into Baltimore's Francis Scott Key Bridge last year, killing six construction workers (More)
> Federal court bars Texas from using its new congressional map in 2026 midterm elections; new map would have shifted up to five districts from Democratic to Republican (More)
SOURCE: 1440 NEWS
Imagine
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Both Star Trek, the original and Star Trek - the next generation, were both predicated upon DEMOCRATIC SOCIALISM where all one's needs were met whether one worked or not... however, most everybody in this fantasy decided to work or were not part of the series.
While that ideal state, if it ever happens, is so far into our future that your grandchildren's grandchildren's grandchildren will never be a part of that society.
Imagine, by John Lennon, talked about a world without religion and without wars. While that too was a nice thought neither one of those concepts will never disappear as long as mankind survives itself.
However, we don't have to imagine much to know that AI/AI humanoid robots will be replacing most jobs in the near future. In 2025, it is already starting to happen and will be in full swing before 2030 arrives.
What this will create? (obviously my opinion)
millions of unemployed who will not have the financial ability to buy the goods and services that advanced technology is creating.
Solution:
Pay a guaranteed income to the unemployed
Financed by:
- the company
- the wealthy
How?
- Voluntarily
- With congressional laws
- Removal of tax shelters
Obviously, CONGRESS must be composed of elected officials who are willing to do this... therefore, CONGRESS must pass legislation limiting their own term limits.
So, now I am imagining several things:
One - guaranteed income
Two - term limits for both houses of Congress
Three - removal of all tax shelters for the wealthy
Four - an enlightened CONGRESS
Five - both political parties agreeing
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