Wednesday, June 9, 2021

WORLD NEWS WITH BREW AND HEADLINES


Divorced: McConnell Declares
‘It’s Over!’

Divorced: McConnell Declares <br>‘It’s Over!’
Sens. Mitch McConnell, left, and Chuck Schumer (Getty)
Trump: Countries Should Ban Facebook and Twitter for Censorship
Former President Donald Trump said Tuesday that countries around the world should follow Nigeria's lead and ban social media giants Facebook and Twitter...... [Full Story]
Cameras Allow NYPD to Track People Throughout City: Report
Surveillance cameras throughout New York City allow police to track [Full Story]
Ex-N.J. Lawmaker Wins GOP Vote, Will Challenge Governor Murphy
Jack Ciattarelli, a former New Jersey assemblyman, will challenge [Full Story]
Surprise Jump in US Wages Gives Inflation Debate a New Twist
An unexpected jump in U.S. wages has given financial markets a new [Full Story]
'Out of Control' Government Spending Could Spark Inflation Crisis
Deutsche Bank's consensus-bucking warning that continuing high [Full Story] |
UK Govt Slams Students for Ditching 'Colonial' Queen Elizabeth Portrait
The UK government has criticised graduate students at the University [Full Story]
Workers Are Quitting Hotel And Restaurant Jobs at the Highest Rate on Record
This morning we got news that there's a record-high level of job [Full Story]
Parents 'Have to Fight Back' Against Critical Race Theory in Schools
As the controversial critical race theory seeps into more and more [Full Story] |
Vatican's Financial Crimes Prosecution Hurt by Inexperience
European evaluators warned Wednesday that the Vatican's efforts to [Full Story]
El Salvador Approves First Law for Bitcoin as Legal Tender
El Salvador has become the first country in the world to formally [Full Story]
McAuliffe Win Sets up Virginia Clash with Republican Youngkin
Terry McAuliffe, a longtime fixture of Democratic politics, handily [Full Story]
Russian Court Mulls Motion to Outlaw Navalny's Organizations
A Moscow court on Wednesday is considering a request by prosecutors [Full Story]
Study: Past Infection Is Best Immunity
A new study suggests the COVID-19 vaccines offer previously infected [Full Story]
McConnell: 'Era of Bipartisanship Is Over'
Senate Minority Leader Mitch McConnell, R-Ky., on Tuesday proclaimed, [Full Story]
GOP Party Chairs in Early States Want Presidential Primary Schedule to Remain
The Republican Party chairmen in the four earliest primary voting [Full Story]
El Chapo's Wife Expected to Plead Guilty
The wife of Joaquin "El Chapo" Guzman, Emma Coronel Aispuro, is [Full Story]
Psaki: VP Harris 'May' Go to Border 'We'll See'
White House press secretary Jen Psaki told reporters on Tuesday that [Full Story]
Senate Passes Sweeping Bill to Address China Tech Threat
The U.S. Senate voted 68-32 on Tuesday to approve a sweeping package [Full Story]
US Senate Confirms First Biden Judges to Federal Bench
The Senate confirmed Joe Biden's first two judicial nominees onto [Full Story]
Rep. Wenstrup to Newsmax: 'Unbelievable' VP Harris Hasn't Visited Border
Rep. Brad Wenstrup, R-Ohio, says it's unbelievable that Vice [Full Story] |
NFL Pledges $1 Million to Fund Cannabis Research for Pain Relief
The NFL says it plans to fund research into alternative pain [Full Story]
Ohio Files Lawsuit Demanding Google Be Declared Public Utility
The court should declare that Google be treated as a public utility, [Full Story]
Sen. Manchin Earns Wrath of Fellow Dems for Not Supporting 'For the People Act'
Sen. Joe Manchin, D- W.Va., is under fire from fellow Democrats after [Full Story]
Biden to Launch Task Force on Bottlenecks in Supply Chains
After completing a review of supply chains, the Biden administration [Full Story]
NRA's Gun Rights Message Not Slowed by Legal, Money Troubles
Liberals have cheered the highly public legal and financial jeopardy [Full Story]
Report: China 'Drastically Suppressing' Uyghur Birth Rates
China's birth control policies could cause anywhere from 2.6 million [Full Story]
W. Va. AG Morrisey: Drugs Coming Across Border Will Devastate State
West Virginia has already been torn apart by the opioid addiction [Full Story]
Capitol Hill Tech Vendor Hit With Ransomware Attack
A tech vendor that services several dozen offices in the House of [Full Story]
El Salvador Approves First Law for Bitcoin as Legal Tender
El Salvador has become the first country in the world to formally adopt bitcoin as legal tender after Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency. With 62 out of 84 possible votes, a majority of lawmakers voted in favor of the... [Full Story]
FDA Defends Approval of Controversial Alzheimer's Drug
The U.S. Food and Drug Administration has approved the first new drug to treat Alzheimer's disease in nearly two decades, in a controversial decision that left the agency defending its reputation and its science. Aduhelm (aducanumab) treats Alzheimer's by clearing out... [Full Story]
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Daily Brew

TOGETHER WITH

Bombas

Good morning. A big new genetic study published in the journal JAMA Psychiatry concludes that waking up just one hour earlier could reduce a person’s risk of major depression by nearly a quarter.

See you in 23 hours?

MARKETS


Nasdaq

13,924.91

S&P

4,227.26

Dow

34,599.82

Bitcoin

$33,666.11

10-Year

1.543%

Clover Health

$22.15

*Stock data as of market close, cryptocurrency data as of 5:00pm ET. Here's what these numbers mean.

  • Markets: There's a new meme stock in town. Clover Health, an insurance startup that went public through a SPAC created by Chamath Palihapitiya, shot up 86% after becoming the most talked-about stock on the Wall Street Bets subreddit. Bitcoin continued its tumble, falling to a three-week low.
  • Economy: Job openings in the US hit their highest level on record in April, while layoffs hit a record low. The accommodation and food services industry is really hurting for workers, adding 349,000 new unfilled jobs.
  • Infrastructure: President Biden called off infrastructure negotiations with GOP Senator Shelley Capito because they were hitting a “brick wall.” Now, he’ll try to nail a deal with another group of Republican lawmakers.

CRIME

What Happens When the FBI Gets Into Your Pants?

FBI classified info

Francis Scialabba

For almost three years, criminals used a network of encrypted devices to share the dirty details of their smuggling and money laundering operations. If their messages about stuffing cocaine into pineapples and cans of tuna ever fell into authorities' hands, they believed, the incriminating information could be wiped from the encrypted devices they were using.

Well, they were duped.

The FBI was in cahoots with the developer of the device, called "Anom," the whole time, and yesterday announced a series of successful busts and 800+ arrests under the code name Operation Trojan Shield. They also seized...

  • Eight tons of cocaine and 22 tons of cannabis
  • 55 luxury vehicles
  • 250 firearms
  • $48+ million worth of various currencies and cryptocurrencies

How it happened

In 2018, the FBI recruited a former distributor of a different encrypted network that had just gotten busted. The engineer was working on a new service, Anom, that stripped mobile phones of their normal functions and disguised a secure messaging app to look like a calculator. 

  • In exchange for a reduced sentence and $120k, the engineer gave the FBI a master key to access and save Anom messages. 

As the FBI took down other encrypted communication services, more criminals started to DM using Anom's platform. The FBI also helped spread Anom by distributing devices to 300+ gangs across 100 countries through middlemen. One Australian fugitive, Hakan Ayik, aka the "Facebook gangster," was given an Anom device by undercover agents and, after recommending it to many associates, unwittingly became the FBI's top influencer. 

Big picture: Europol officials called it "one of the largest and most sophisticated law enforcement operations to date in the fight against encrypted criminal activities." Still, Anom represented just a fraction of criminal communications.

        

WEALTH

Breaking: Billionaires Don’t Pay a Lot in Taxes

Okay, we knew that before...but now it's backed up by 15+ years' worth of IRS tax return data from thousands of America's wealthiest individuals, made public yesterday by investigative journalism outlet ProPublica.

ProPublica estimates that America's richest 25 people paid a cumulative $13.6 billion in income taxes between 2014 and 2018, a span during which their collective wealth increased $400+ billion, for a "true tax rate" that was just 3.4%. Paying the lowest rates were Warren Buffett (0.1%), Jeff Bezos (0.98%), Michael Bloomberg (1.3%), and Elon Musk (3.27%).

  • Reminder: Most billionaires' wealth comes from assets like stock and property. Those gains aren't taxed until they are sold.

Big picture: Compared to the broader population, billionaires' tax bills have not kept pace with their growing bank accounts. For every $100 gained, Bezos paid just $1.09 while the typical US household paid $160.

ProPublica is still combing through the IRS data to explore how billionaires avoided those taxes. But it'll have a magnifying glass on its own back after the IRS said it's investigating the big leak.

Bottom line: These revelations will lead to louder calls to reform the US tax code.

        

Giphy

If your AM routine includes listening to Spotify, reading the New York Times, and browsing Amazon...it certainly didn't yesterday. For up to an hour Tuesday morning, all of those websites, plus CNN, the BBC, Hulu, HBO Max, and many more, were down.

Why? Because Fastly, those websites' "content delivery network," experienced a glitch. To get technical, Fastly tweeted that it identified "a service configuration that triggered disruptions across our POPs [points of presence] globally." 

  • Now, in English: If the internet were a play, Fastly would be one member of its stage crew. It helps keep websites running by facilitating page and file loading. 

Fastly's domino effect of destruction isn't the first time an outage revealed the fragility of the internet's infrastructure: In 2017, one coding error on Amazon's cloud computing service caused Medium, Coursera, Slack, and other sites to temporarily shut down.

Bottom line: One hour offline may not sound like a lot, but it can translate to millions of dollars in advertising revenue and e-commerce losses for affected sites.

        

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And rock it comfortably.

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Giphy

Stat: More than 25% of shoppers at Levi’s have a different size today than before the pandemic, according to CEO Chip Bergh. He called the number of people with new sizes “pretty staggering.”

Quote: “The stimmies have been fantastic for us in terms of getting into the communities.”

We did it! IRS Commissioner Chuck Rettig used the word “stimmies” in place of the more IRS-sounding “stimulus checks” during his testimony on Capitol Hill yesterday.

Read: If you give a lobster enough THC, will it notice that it is boiling to death? (Jackie Bryant)

        

Gap

Just in time for Kanye West's 44th birthday and summer, Gap and Yeezy unveiled the first product of their partnership yesterday: the jacket you see above. The specs...

  • Retails for $200
  • Self-described as "round"
  • Cannot be closed (no buttons, zippers, etc.)

Most of West's reported $6.6 billion fortune comes from his Yeezy brand, whose partnerships with Adidas and Gap are worth up to a combined $4.7 billion, according to UBS. We're still in the early innings of the 10-year deal with Gap, but it's looking promising: Preorders for the jacket sold out within hours of its release.

+ Cool marketing: To promote the release, the jacket's being projected old-school-cinema-style throughout NYC, LA, and Kanye's own Chi City. 

        

WHAT ELSE IS BREWING

  • The US Senate passed one of the largest industrial bills in history; its goal is to help the US tech industry compete with China. 
  • Lordstown Motors, an electric vehicle startup, said it might not have enough cash to last the next 12 months if it doesn’t raise capital. 
  • Chipotle hiked its menu prices by 4% to accommodate rising wages.
  • The CDC eased travel guidance on 110 countries and territories.
  • MoviePass reached a settlement with the FTC over accusations that it knowingly made its service harder to use.
  • Stiletto Crocs are now a thing. 

SPONSORED BY THE MOTLEY FOOL

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The horror movie of Netflix’s nightmares. The Motley Fool cofounders, David and Tom Gardner, have discovered a stock that could be an extremely bad plot twist for Netflix. This is your chance to get in early. This potentially, horrifyingly lucrative insight is available exclusively to members of The Motley Fool Stock Advisor. Sign up today

BREW'S BETS

SuperZuck: If you haven't seen the video of Mark Zuckerberg throwing a spear, you need to.

Marketers, do you know where your ads end up? No, you don't. Join us on June 16 as the cofounders of Check My Ads chat with our executive editor Josh Sternberg about how to make sure your ads don't end up on the wrong websites. Register here.

Recipe of the week: A “fancy” salmon salad that looks impressive but is super easy to prepare.

GAMES

The Price Is Not Right

Everyone knows Uber prices are sky-high right now. But...how high?

Managing editor Neal Freyman requested an UberX from his Manhattan apartment to JFK yesterday around 2pm. How much does the ride cost? (Price Is Right rules apply...you can’t go over.)

 

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ANSWER

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 June 9, 2021
WATCH: AOC Goes off on Kamala Harris for Speech To Illegal Aliens
Rep. Alexandria Ocasio-Cortez is blasting Vice President Kamala Harris for telling illegal immigrants to not come to the United States amid a record surge in illegal border crossings — calling the... Read More ›
WAREHOUSE UPDATE: 97% Sold Out!
Designed for versatility and ease of use, you can recharge EasyPower batteries pretty much anywhere there's a USB port - including solar powered devices like the Pocket Light and EnerPlex Solar Charger. The EasyPower is one of the best AA batteries for su... Read More ›
FULL OF LIES: Senate Report on Capitol Riot Wrongfully Claims 3 Officers Died
By Washington Examiner. A new bipartisan Senate report on the Capitol riot contends that seven individuals, including three police officers, “ultimately lost their lives” as a result of... Read More ›
Greatest Mass Killer of 21st Century: Data Shows Fauci Conspired and Lied
We knew and reported that Dr. Tony Fauci and the medical elites conspired to ban the use of this very successful drug.... Read More ›
Texas Governor Abbott Signs Bill Banning Vaccine Passports
Republican Texas governor Greg Abbott signed legislation Monday that prohibits businesses and government entities from requiring proof of vaccination in the state.“Texas is open 100 percent and we... Read More ›
The Largest Gun Registration and Confiscation Scheme Is Being Planned
. . .[Joe Biden] wants a ban on so-called assault weapons but also high-capacity magazines, an equally moronic term. . . The magazine limits don’t just apply to rifles, but also handguns,... Read More ›
What's the Closest Natural Nuclear Bunker to Your Home?
There are a lot of natural nuclear shelters in the US that are absolutely free. And one of them is near your home…... Read More ›

Columnists
Masking Aggressive

Kurt Schlichter


Andrew Breitbart's Triumph Over Anthony Weiner: 10 Years Later

Larry O'Connor


Riffed from the Headlines: Trump's Pants

Brad Slager


The Climate Censors

John Stossel


Filibuster Frustration Boils Over

Byron York


PolitiFact Isn't Partisan? Pants On Fire

Tim Graham


The State of Black America

Star Parker


How Biden’s Bloated Budget Could Cause an Economic Collapse

Justin Haskins


Biden Should Make China Pay

Betsy McCaughey



Tipsheet
Liberal Writer: 'Anyone Who Flies an American Flag on a Pickup Truck Is a...Different Breed of White People'

Matt Vespa


Senate Republicans Block Bill Aimed at Addressing Alleged Gender Pay Gap

Landon Mion


EXCLUSIVE: Naomi Wolf Speaks Out After Twitter Ban

Scott Morefield


Judge Orders Teacher Be Reinstated Following Suspension for Opposition to School's Transgender Policy

Landon Mion


How the Liberal Media Influenced the Response to the January 6 Riot...And It's Not Good

Matt Vespa


That’s…Problematic: Hunter Biden Drops N-Word, Talks About His Penis in Unearthed Texts

Spencer Brown


Washington State to Offer Free Joints Upon COVID Vaccination

Landon Mion


ADVERTISEMENT
Corporatism Will Snuff Out Individual Rights Unless We Stop It

Lori Roman


How Can California's 'Assault Weapon' Ban Be Unconstitutional?

Jacob Sullum


Nikole Hannah-Jones Needs a Reckoning

Carl Horowitz


The Left’s Emperors with No Clothes

Bob Barr


Not Enough Fingers to Plug Up All the Holes in the Dike

Michael Brown


Declaring Unconditional Support for Israel

Jonathan Feldstein


Biden’s Job-Repellent Policies Punish Workers and Businesses

Tim Chapman


The Definition of Courage Has Shifted Since Normandy

Ben Shapiro


Destroying Democracy the Democratic Way

Donald Losman


Donald Trump: The Reincarnation of George S Patton?

Robert Orlando



Burger King Takes Aim at Chick-Fil-A with Pride Month Initiative, Twitter Responds

Carson Swick


Vice President Harris's Answer to Why She Hasn't Gone to the Border Is Very Revealing

Julio Rosas


House Republicans Demand Biden Administration Reverse Decision to Waive Sanctions on Russian Pipeline

Madeline Leesman


Political Cartoons
Bearing Arms
Gun Boom Not Just Good For American Companies | Tom Knighton

Democrats Want "Assault Weapons" Bans, So Why Aren't Blue States Aren't Passing Them? | Cam Edwards

Review: "Crime Proof" Book A Must Read | John Petrolino

CMT Pushes Gun Control On Generally Pro-Gun Audience | Tom Knighton

San Jose Mayor Doubles Down On 2A "Poll Tax" | Cam Edwards

ADVERTISEMENT

More Insane Gun Control to Make Citizens Less Safe Especially American Women

5-Year-Old Girl Abandoned by Smugglers at Gap in Border Wall

NYC needs a return to ‘Giulianism’

Everything she said in Guatemala was a lie

 

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