Thursday, August 5, 2021

BREW WITH MASSIVE HEADLINES


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Good morning. Bear with us while we do the media company equivalent of putting a “My child is an honors student” bumper sticker on our car.

Shoutout to Emerging Tech Brew for reaching 300k subscribers, Morning Brew's TikTok account for reaching 100k followers, and all the drones and ring lights broken along the way.

MARKETS


Nasdaq

14,780.53

S&P

4,402.66

Dow

34,792.67

Bitcoin

$39,799.31

10-Year

1.197%

GM

$52.72

*Stock data as of market close, cryptocurrency data as of 9:00pm ET. Here's what these numbers mean.

  • Markets: Stocks fell as a report on private sector jobs came in weaker than expected (the much broader jobs report for July hits Friday). GM stock took a hit after whiffing on earnings, though it did introduce two new zero-emission vehicles to its portfolio.  
  • Covid: The head of the WHO asked countries to stop administering booster shots until the end of September earliest to allow for lower-income countries to get their populations vaccinated. The known global caseload for Covid-19 passed 200 million people yesterday. 

STOCKS

A Meme Stock Is Born

Robinhood illustration

The trading app Robinhood is known for powering the rise of so-called meme stocks—such as GameStop and AMC—that skyrocketed earlier this year, not necessarily because of business fundamentals, but because social media users found them to be amusing.

Even before its IPO last week, investors were wondering: Will Robinhood itself be a meme stock? 

So far, the answer appears to be yes. After taking a dip on its first day of trading, Robinhood’s stock has shot up 100% this week, including a 50% gain yesterday. Trading was so vociferous that the stock had to be halted several times yesterday morning for Wall Street to catch its breath. 

Are retail investors behind the surge? 

For the second time in this story, the answer appears to be yes. Here’s some evidence:

  • Total retail volume for Robinhood increased about 10x on Tuesday from the previous day.
  • Robinhood was the No. 1 stock mentioned on Reddit’s WallStreetBets forum, and was also the most traded stock on Fidelity.
  • Buy orders for Robinhood have nearly doubled those for another meme stock, AMC.

Another factor: This week, traders could start placing options on Robinhood’s stock, which allows investors to speculate on whether a stock will go up or down rather than buying actual equity in the company. Increased options activity has been a hallmark of meme stock mania, and accounted for 46% of Robinhood’s revenue in 2020.

There might be some method to the madness: Cathie Wood’s investment firm ARK Invest, which has placed bullish bets on Tesla and other high-growth tech companies, increased its position in Robinhood on Tuesday. Analysts think retail traders could be taking their cue from their stock oracle, Cathie.  

Bottom line: Robinhood will ride or die with individual traders...in more ways than one. 

        

COVID

Covid Sidesteps Parental Controls

"How do you do, fellow kids?" meme with Covid virus as Steve Buscemi

Last week, almost 72,000 children under the age of 18 were infected with Covid-19, an 84% jump from the previous week, per the American Academy of Pediatrics. As kids head back to school to learn whatever the newest kind of division is, everyone from the Arkansas governor to pediatric experts is worried about keeping them safe.

Here’s what we know about kids and the virus:

  • Roughly 10.9 million of the 25 million US children aged 12–17 have been at least partially vaccinated, per the CDC.
  • Kids under the age of 12 are not yet eligible for any of the vaccines authorized in the US. Current trials for young kids won’t finish up until late fall, well after school has started.
  • Some states, like Florida, have reported a surge in serious cases among younger patients. But severe illness from Covid is still pretty rare among children, making up about 1.3%–3.5% of hospitalizations during the pandemic.

Looking ahead...Dr. Fauci said that by Q1 2022 we’ll have enough data to begin vaccinating kids of all ages.

        

GIG ECONOMY

Uber, Lyft Bring a Little Cali to Massachusetts

We’re talking labor fights, not tacos, unfortunately.

A coalition of gig economy companies including Uber, Lyft, DoorDash, and Instacart filed a ballot proposal that would keep their drivers classified as “independent contractors” rather than “employees.”

That means gig workers in MA wouldn’t be entitled to minimum wage, overtime, paid sick days, and other standard employee benefits. However, the proposal fills in some of those gaps, promising pre-tip rates of $18 per hour, earned sick days, and more.

Opponents don't think extra toppings make up for sub-par froyo. “It’s going to take away [gig companies’] responsibilities under Massachusetts law and substitute these fake benefits,” labor attorney Shannon Liss-Riordan told the NYT.

This is basically a rerun of The OC

Gig economies backed a similar measure, Prop 22, in California last year. It passed after the companies spent more than $205 million promoting it—a record sum for a California ballot measure.

Looking ahead...Big Gig has set up lobbying groups in five additional states in the last few months to challenge worker reclassification attempts that threaten their business models.

        

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GRAB BAG

Key Performance Indicators

Rihanna at a Fenty fashion event at Bergdorf Goodman's

Dimitrios Kambouris/Getty Images

Stat: Rihanna is officially a billionaire, according to Forbes, and the richest female musician in the world. But only a small percentage of her $1.7 billion fortune can be attributed to your 16,000 plays of “SOS.” An estimated $1.4 billion comes from her makeup company, Fenty Beauty, and $270 million from Savage x Fenty, her lingerie brand. Maybe that’s why she’s in no rush to release R9...

Quote: “Video killed the radio star.”

40 years ago this week, MTV debuted with the iconic hook by The Buggles. Here’s a video of the first two hours of the network, which includes some incredible music.

Read: Beauty and solace in the abandoned worlds of Roblox. (Pioneer Works)

        

SPORTS

She’s a Runner, She’s a Track World Record Holder

TOKYO, JAPAN - AUGUST 03: Karsten Warholm of Team Norway ran a new world...

Gallo Images/Getty Images

Olympic track stars are running like they’re members of the Cullen family, shattering world records in Tokyo this week. Both the men’s and women’s 400m hurdles are considered among the best races ever run.

So is it the track? It’s definitely bouncy. Mondo, the track maker, took three years to develop it and finished installing the $1.5 million semi-vulcanized masterpiece in November 2019. The track mimics the shock absorption of a trampoline, and running on it has been described by US sprinter Ronnie Baker as “like I’m walking on clouds.”

Speaking of clouds: Some runners are lacing up their controversial Nike “super spikes,” a super light shoe containing super responsive foam. Karsten Warholm, the Norwegian gold medalist and record holder in men’s 400m hurdles, called BS when his opponent Rai Benjamin of the US, who received silver and also broke the previous world record, used the shoes this week.

Bottom line: While the Olympics represent the best of the best, the athletes are running on the right track at the right time with the right shoes.

        

WHAT ELSE IS BREWING

  • Facebook shut down the accounts of two NYU researchers looking into political ads and misinformation on the platform, accusing them of “unauthorized scraping.” In response, some lawmakers criticized the company. 
  • CVS and Walgreens said they’re seeing a bump in vaccinations after a slowdown in May and June. 
  • TikTok is testing a Stories-like feature.
  • Two words: pasta purse.

Olympics links

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BREW'S BETS

Don’t try this at home: Or do, because it looks like a lot of fun. Here’s our No. 1 choice for the next Olympic sport.

What we’re reading: Peep Brew’s Bookshelf for a list of all the books we’ve recommended to readers over the past year.

Let's get loud: From our friends at the geopolitics newsletter Signal comes a recommendation for the podcast Loud, which charts the history of Reggaeton music.

GAMES

The Puzzle Section

Brew Mini: Video may have killed the radio star, but it did not kill crosswords. Play our Mini here.

Three Headlines and a Lie

Three of these news headlines are real and one is as fake as a Dior bag on Canal Street. Can you guess the odd one out? 

  1. "Tech-forward Domino's plans to launch "'Pizza Metaverse'"
  2. "Visitors to US Titanic museum injured by replica iceberg"
  3. "Hog heaven: China builds pig hotels for better biosecurity"
  4. "When a shower door sliced my hands open, I used $23,000 from renters insurance to pay off my student loans—and now I'm debt-free"

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ANSWER

Domino's isn't launching a Pizza Metaverse...yet

Encyclopaedia Britannica | On This Day
August 05
Marilyn Monroe

FEATURED BIOGRAPHY


Born On This Day

Marilyn Monroe

American actress

READ MORE
Burkina Faso

FEATURED EVENT


1960

Independence declared by Upper Volta

READ MORE

MORE EVENTS ON THIS DAY

Toni Morrison

Hong Kong

Yingluck Shinawatra

Chile mine rescue of 2010

Ronald Reagan

Dick Clark

ALSO BORN ON THIS DAY







SEE ALL BIOS ON THIS DAY


1 big thing: Inside a Kamala Harris crisis dinner


Vice President Harris boards Air Force Two in Mexico City in June. Photo: Hector Vivas/Getty Images

 

A group of the Democratic Party's most influential women met for dinner at a home in the nation’s capital last month to game out how to defend Vice President Kamala Harris and her chief of staff, Tina Flournoy, against a torrent of bad press, Jonathan Swan reports.

  • Why it matters: It's telling that so early in the Biden-Harris administration, such powerful operatives felt compelled to try to right the vice president's ship.

The host was Kiki McLean, a Democratic public affairs expert and former adviser to both Clintons.

  • Her guests included Harris confidant Minyon Moore; two former DNC officials, Donna Brazile and Leah Daughtry; Biden adviser and leader of his outside group, Stephanie Cutter; former Hillary Clinton spokeswomen and Democratic strategists Adrienne Elrod and Karen Finney; and former Obama White House communications director Jennifer Palmieri.
  • Nobody from the vice president's office was at the dinner, but Harris is attuned to her outside network of supporters. Harris' office declined to comment on the dinner.

These were old friends getting together for the first time since the pandemic began, and celebrating a Democratic president after the Trump years. But the dinner had an urgent purpose. 

  • Harris had been hit with a series of press accounts describing rampant dysfunction in her office.

A person familiar with the dinner said the point was "how can this group be supportive from the outside" and ensure her team was "making the most of this moment — as the first woman of color in the White House."

  • The women discussed how they could leverage Harris' record as a prosecutor, California attorney general and U.S. senator to blunt criticisms of her performance as vice president.

Another source familiar with the dinner said attendees saw sexist overtones to the Harris coverage, and discussed how they could "make sure the press knows this."

  • "Many of us lived through the Clinton campaign, and want to help curb some of the gendered dynamics in press coverage that impacted HRC," this source said. "It was like: 'We’ve seen this before.'"

Share this story.

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2. Charted: Jobs that are still gone
Data: BLS. Chart: Sara Wise/Axios

A lot of industries have permanently lost jobs during the pandemic, while very few have gained, Sam Ro writes in Axios Markets.

  • Total employment will eventually recover to its pre-pandemic level — Wells Fargo senior economist Sarah House sees that happening in late 2022 or early 2023.
  • But the headline unemployment rate might never get back down to the 3.5% we saw pre-pandemic.

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3. Wealthy people are renouncing U.S. citizenship
Reproduced from Andrew Mitchel LLC. Chart: Axios Visuals

The number of Americans who renounced their citizenship in favor of a foreign country hit an all-time high in 2020: 6,707, a 237% increase over 2019, Axios' Jennifer A. Kingson reports.

  • While the numbers are down this year, that could be because many U.S. embassies and consulates remain closed for COVID. Taking this grave step requires taking an oath in front of a State Department officer.

Why it matters: The people who flee tend to be the ultra-wealthy, seeking to reduce their taxes. New tax and estate measures proposed by President Biden could, if implemented, accelerate this trend.

Context: Only the U.S. and Eritrea tax people based on citizenship rather than residency. For most countries, if you are a citizen but don’t reside there, you aren’t taxed in that country.

What's happening: The IRS publishes a quarterly list of the names of people who have renounced their citizenship or given up their green cards, but it only includes people with global assets over $2 million.

  • The numbers started swelling in 2010, when Congress passed the Foreign Account Tax Compliance Act, or FATCA, which increased reporting requirements and penalties for expats.
  • The Wall Street Journal discovered that the lists aren't up to date: A lot of people who were reported to have renounced citizenship in 2020 actually did so years earlier.

David Lesperance, an international tax lawyer based in Poland who specializes in helping people renounce U.S. citizenship, says: "There are probably 20,000 or 30,000 people who want to do this, but they can’t get the appointment."

  • "It's a year and a half to get an appointment at a Canadian embassy ... Bern [Switzerland] alone has a backlog of over 300 cases."

What we're watching: Biden's proposal to raise the top capital gains rate to 43.4% prompted a lot of calls to Lesperance from people wanting to find out which foreign countries might grant them citizenship.

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A message from AT&T

AT&T is connecting communities to their American Dream
 

 

AT&T is making a $2 billion, 3-year commitment to help ensure broadband is more accessible and affordable for more people in the U.S., so low-income families like Susana’s have the opportunity to succeed and thrive.

Find out how.

 
 
4. Pic du jour: Greek sheep


Photo: Thodoris Nikolaou/AP

 

Sheep flocked together yesterday during a wildfire on the island of Evia, about 100 miles north of Athens. People were evacuated in boats, and the birthplace of the ancient Olympics was threatened.

  • Just asking: Why don't humans have this response to existential threats?
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5. Why vax passports may never be a thing


Illustration: Sarah Grillo/Axios

 

Several practical and technological hurdles stand in the way of widespread vaccine passports, Axios health care editor Tina Reed writes.

  • Why it matters: COVID vaccine mandates are quickly gaining steam, reviving interest in an easy, electronic way for people to verify that they're vaccinated. But that technology is still far from perfect.

What's happening: New York City, the first U.S. city to impose a vaccine requirement for many indoor businesses, will accept Excelsior Pass, an app developed for New York state, to verify people's vaccine status.

  • Plenty of glitches have been reported with the Excelsior app, preventing people from verifying their status.

Some experts fear that vaccine passports would provide a false sense of security to the vaccinated, particularly as new variants emerge.

The bottom line: We may have to stick with the CDC's (poorly sized) paper cards to prove we're vaccinated.

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6. One of the worst depressions in 150 years


Obliterated grain silos in Lebanon's capital, Beirut, yesterday on the first anniversary of the blast that ravaged the port and the city. Photo: AFP via Getty Images

 

Both the N.Y. Times and Wall Street Journal have front-pagers today saying Lebanon, a year after the ammonium nitrate blast in Beirut, is enduring one of the world's 10 worst financial collapses since the mid-1800s.

  • What does that look like? With hyperinflation topping 400%, brawls "have erupted in supermarkets as shoppers rush to buy bread, sugar, and cooking oil," The Journal reports (subscription).

I went down the rabbit hole, and it turns out the World Bank has a list of the world's worst systemic banking crises, going back to 1857.

  • America's Great Depression, 1929-33, is No. 14.
  • Lebanon today would be top 10 or even top 3.

Go deeper: Chart of the world's 25 worst economic crises, 1857-2013.

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7. 📱 Behind the scenes: Joe Biden calling

President Biden nominated Mark Brzezinski — a former U.S. ambassador to Sweden, and son of Zbigniew Brzezinski, national security adviser for President Jimmy Carter — as ambassador to Poland.

  • Biden called his sister, Mika Brzezinski of "Morning Joe," to congratulate her. According to a person familiar with the call, Biden said: "I'm trying to give your brother Poland. What's his number, Mika?"

Zbigniew Brzezinski was a Warsaw native who championed freedom for the Polish people. The historian Michael Beschloss tweeted this entry from the 1949 yearbook of McGill University in Canada:


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8. Ben Shapiro helps spark Politico union drive
Ben Shapiro on the set of "Candace" in Nashville in April. Photo: Jason Kempin/Getty Images

Ben Shapiro, labor organizer?!

  • The online conservative powerhouse, whose "The Authoritarian Moment" debuted yesterday on the N.Y. Times bestseller list, is unwittingly helping animate a drive in Politico's newsroom to unionize with the NewsGuild.
  • Politico bosses faced an internal revolt in January after Shapiro was allowed to guest-author Playbook for a day. Pro-union staffers are pointing to the company's handling of the debacle.

Union organizers have been conducting informational sessions with editorial teams and gathering signatures for a statement to management, Axios' Sara Fischer scooped.

  • Politico spokesperson Brad Dayspring said publisher Robert Allbritton "understands that the decision to form a union is the choice of the newsroom employees who would be impacted by it, and POLITICO would respect the process and the majority decision of those employees."

Keep reading.

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9. Ina's Tokyo diary: Venturing into the city
Photo: Ina Fried/Axios

Axios' Ina Fried reports from Tokyo: I've now been here 14 days, so I'm allowed to go to shops and restaurants and on public transit.

  • Between table-tennis matches, I walked to Shinjuku rail station and checked out the Apple store and some local shops.
  • At Bic Camera, an electronics chain and department store, I was able to get what my son most wanted — an authentic Japanese beyblade, the spinning attack tops popular with kids.

Feeling brave, I decided to take a train the two stops back from Shinjuku.

  • A nice man helped me find my way, so I gave him one of the Olympic pins I collected. A woman on the train asked where I was from. When I said San Francisco, she started singing "I Left My Heart in San Francisco." She got a pin, too.

Axios Olympics dashboard ... Events to watch today ... In photos: Tokyo Olympics day 13.

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10. ⚾ Every club to play Opening Day for first time in 53 years


Angels' Shohei Ohtani sprints around third on his way home against the Rangers in Arlington, Texas, on Tuesday. Photo: Tony Gutierrez/AP

 

Major League Baseball will open the 2022 season on March 31 — as long as there isn't a work stoppage — and will try to have every team play its first game on the same day for the first time since 1968, AP reports.

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A message from AT&T

AT&T is connecting communities to their American Dream
 

 

AT&T is making a $2 billion, 3-year commitment to help ensure broadband is more accessible and affordable for more people in the U.S., so low-income families like Susana’s have the opportunity to succeed and thrive.

Find out how.

Columnists
Liberals Hate That You Have Rights

Kurt Schlichter


BREAKING: US Olympian Proclaims Love For Her Country

Larry O'Connor


Pervy Cuomo Isn’t Going Anywhere

Derek Hunter


New York's Cuomo Scandal Provokes CNN's Cuomo Scandal

Brad Slager


Apocalypse Now!

Dinesh D'Souza


Parenthood Has Driven Our Policy Elite Mad

Ann Coulter


American Tech Sector Keeps Blowing Away the Rest of the World

Stephen Moore


What the Woke Folk Are in For

Emmett Tyrrell


It Isn’t Immigration, It’s a Government-Sponsored Invasion

Laura Hollis



Tipsheet
New Survey Destroys the Left's Narrative About Voter ID

Leah Barkoukis


Why Did Biden's ATF Nominee Go on Chinese Communist TV...And Why Didn't He Disclose That?

Matt Vespa


Further Evidence of How Anti-Israel Cori Bush Is Has Been Unearthed

Rebecca Downs


Senate Democrats Kill Proposal to Provide Americans with Inflation Transparency

Rebecca Downs


Get Ready: Vaccine Mandates for Active Duty Troops To Be Announced

Rebecca Downs


Joni Ernst Introduces the 'Cuomo' Amendment to Infrastructure Bill

Rebecca Downs


Texas Border Town Reveals How Many COVID Positive Illegal Immigrants Were Released By Border Patrol

Julio Rosas


ADVERTISEMENT
Violation of the Oath of Office: Joe Biden Willfully Ignores His Oath

Philip Holloway


It Isn't Immigration; It's a Government-Sponsored Invasion

Laura Hollis


'Top Secret' Soup: How the Government Tried to Censor My Book About Putin and Russia’s Threat to America

Rebekah Koffler


Invasion By Any Other Name

Cal Thomas


Dirty Student Loan Financer Navient Finally Facing Its Just Desserts

Craig Shirley


The Left’s Fight Against Election Reforms Is a Trojan Horse to Get a Much Bigger Agenda Passed

Hans A. von Spakovsky


An American Superhero With a Heart of Gold

Jackie Gingrich Cushman


It’s Time for Congress to Take Concrete Steps to Protect Consumer Data

Edward Longe


When Chickens Come Home to Roost

Armstrong Williams



Biden's Approval Down in Yet Another Poll

Rebecca Downs


To No One's Surprise, COVID Has Returned to Wuhan...And It's Not the First Time

Matt Vespa


GOP Senator Introduces Legislation to Mandate Voter ID Laws in States That Require Vaccine Passports

Reagan McCarthy


Political Cartoons
Bearing Arms
Olympic Fencer Tries Protesting Guns, A Dozen Other Things | Tom Knighton

It's Not The Wealthy Hurt By Gun Control | Tom Knighton

Judge Makes Important Comments During Extremist's Sentencing | Tom Knighton

Richmond Mayor Blames Legal Gun Owners For Soaring Homicides | Cam Edwards

The Real Problem With David Chipman's Chinese State TV Appearance | Cam Edwards

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WATCH: MORE VOTER FRAUD ALLEGATIONS in Several Georgia Counties

Lawsuit: Biden’s DHS Hiding Crimes Committed by Released Migrants

Democrats Push Measure to Officially Create a CVD ‘Memorial Day’

Ted Cruz Cracks Hilarious Socialist Joke After Sanders Sprints for Elevator

McCloskey


Today's Top Headline

The Delta Variant is 'Ripping Through The Unvaccinated'

 

From Our Partners

See Why Seniors Are Raving Over These Amazing New Medicare Plans

 

Trending

4 Ways Extreme Heat Hurts The Economy

US Vaccinations Reach Highest Level In a Month, It Would Still Take 6 Months to Get All Americans One Dose at Current Pace

Jihadists Flood Pro-Trump Social Network With Propaganda


FOX
Daily update August 5, 2021


NEWS

Fox reports higher revenue, as sports and entertainment events resume
Revenue at Fox's cable programming, which also includes the Fox Business Network and Fox Sports channel as well as Fox News, was $1.4 billion.
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Polk sheriff: Disney employees, nurse and California man among 17 arrested in undercover child ...
Polk sheriff: Disney employees, nurse and California man among 17 arrested in undercover child predator sting. By FOX 13 news staff. Published 12 ...
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Gavin Newsom slammed for mask 'hypocrisy' and 'ignoring science' by GOP gubernatorial ...
Larry Elder says Newsom's lockdown policies 'slammed down the hopes and dreams' of California business owners. By Emma Colton | Fox News.
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Charleston's Mary Welch Fox Stasik stars in new HGTV series
Although this week marks her national debut as the star of HGTV's new series, Breaking Bland, local artist Mary Welch Fox Stasik has enjoyed a long ...
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BLM Rhode Island PAC calls for resignation of Dem strategist who tweeted about Graham
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. Black Lives Matter Rhode Island PAC called for the immediate ...
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Fox News Personalities Started to Promote COVID-19 Vaccines. Viewers Have Taken Notice
Vaccine skepticism among Fox News viewers drops to record low, polling shows. Sean Hannity, pictured on set at Fox News on Aug. 31, 2015 ...
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Fox C-6 employee working at Sherwood summer camp tests positive for COVID
Prezzavento said Fox's investigation concluded on Tuesday (Aug. 3), and the district notified the families of students who may have been exposed to the ...
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WEB

Charity Navigator - Rating for Michael J. Fox Foundation for Parkinson's Research
Michael J. Fox Foundation for Parkinson's Research has earned a 4/4 Star rating on Charity Navigator. This Charitable Organization is headquartered ...
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THURSDAY 8.5.2021
BREAKING NEWS

 

 

 

 

 

 

BREAKING: DOCTOR Working with Cuomo Reveals All - Shocking Revelation
Get him out! >>

Whistleblower EXPOSES Feds - Disturbing Details Revealed
Read it Here >>

  Gun Sales OUTLAWED - New Law Signed
Outrageous >>


 


[WHOA!] - 4 U.S. Governors Join The MOVEMENT - This Is Getting Serious!
 
Four Democratic Governors Turn On Cuomo Demand Resignation
Read it Here >>

THURSDAY 8.5.2021
TRENDING NEWS

 

 

 

 

 

CONSERVATIVE COMEDY

 Joe Biden won’t take one option off the table that will give every American heartburn

Kamala Harris has to answer for a huge failure that could cost Democrats everything

Trey Gowdy destroyed Nancy Pelosi with one question

Nancy Pelosi just wrote a major insult to Brett Kavanaugh that will not make him happy

Barack Obama just broke a rule Joe Biden demanded every American follow

1 big thing: Biden dreams big on electric


President Biden steps out of a Jeep Wrangler Rubicon 4xE. Photo: Jim Watson/AFP

 

President Biden tossed out a Corvette joke at the White House this afternoon as he promoted a non-binding executive order setting a target of 50% zero-emission models for all new cars sold in 2030.

  • "You see that sucker over there? 0 to 60 in 4.1 seconds — it's all electric!" Biden said, leaning in as he touted one of the models arrayed behind him on the South Lawn. "I tell ya what!"
  • Biden joked that he has a commitment from GM CEO Mary Barra, who joined him: "When they make the first electric Corvette, I get to drive it. Right, Mary? You think I'm kiddin' — I'm not kiddin'! And my entire Secret Service detail went: 'Oh, my God.'"

Why it matters: The White House offered the most complete picture yet of plans to cut transportation emissions and boost electric vehicles, Axios Generate author Ben Geman writes.

Major automakers are on the same page.

  • Ford, GM, VW, Chrysler maker Stellantis and others announced goals that 40–50% of their U.S. sales come from fully electric, fuel cell or plug-in hybrids by 2030.

Reality check: EVs currently account for 2% of new car sales in the U.S.

Between the lines: The carmakers said their commitment depends on getting federal funding for R&D, purchase incentives and an EV charging network.

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2. Little League shrinks
Illustration of the top of a youth sports trophy walking away from the base


Illustration: Sarah Grillo/Axios

 

The Little League World Series regionals begin today, but the annual love affair with youth sports misses a massive trend:

  • Little League participation has been dwindling for years, Axios Sports' Jeff Tracy writes.

Participation has decreased by roughly 3% annually since peaking in the 1990s — part of a larger youth sports exodus.

  • One of the biggest culprits is the rise of pay-to-play travel leagues, which price families out and discourage non-elite players from sticking with the sport.
  • This isn't unique to baseball, but it perhaps stings even more with "America's pastime."

Go deeper.

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A message from Facebook

The internet has changed a lot since 1996 - internet regulations should too
 

 

It's been 25 years since comprehensive internet regulations passed. See why we support updated regulations on key issues, including:

  • Protecting people’s privacy.
  • Enabling safe and easy data portability between platforms.
  • Preventing election interference.
  • Reforming Section 230.
 
 
3. Catch up quick
Richard Trumka


Richard Trumka talks to Jonathan Swan in February. Photo: "Axios on HBO"

 
  1. AFL-CIO president and longtime labor leader Richard Trumka died at 72 from a heart attack. Obituary.
  2. The U.S. women's soccer team won bronze in Tokyo, beating Australia 4-3. The men's basketball and baseball teams advanced to the gold medal game.
  3. Yelp added features to show businesses' COVID-19 vaccine requirements.
  4. Scoop: The Democratic fundraising platform ActBlue removed a donation page that New York Gov. Andrew Cuomo's campaign committee used to solicit contributions, Axios' Lachlan Markay reports. Go deeper.
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4. ViacomCBS shells out for 14 (!) "South Park" movies
South Park characters stand with face masks and face shields


Photo: Comedy Central

 

ViacomCBS signed "South Park" creators Trey Parker and Matt Stone to one of the biggest deals in TV history, Bloomberg reports.

  • The $900 million deal through 2027 includes six more seasons of the show and 14 movies for the company's Paramount+ streaming service.

Go deeper.

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A message from Facebook

Why Facebook supports updated internet regulations
 

 

2021 is the 25th anniversary of the Telecommunications Act of 1996, the last major update to internet regulation. It’s time for an update to set clear rules for addressing today's toughest challenges.

Psaki admits a little too much in struggle to defend Biden’s unlawful eviction moratorium power grab

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THURSDAY AUGUST 5TH, 2021

 


As the disputed eviction moratorium ended on Sunday, House Speaker Nancy Pelosi received an unexpected civics lesson. According to Reuters...

 

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Thoughts, Prayers, and Care Packages: Two of the Texas Democrats Leave D.C. to Vacation in Portugal

 


Leftists buried in brutal reality checks after bragging Obama’s ‘biggest scandal’ on his birthday

Psaki admits a little too much in struggle to defend Biden’s unlawful eviction moratorium power grab

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Cori Bush says ‘suck it up’, she’s getting private security to defend her life WHILE vowing to defund police

Texas border town says Biden admin released over 7,000 Covid-positive migrants into US, surge escalating

Dana Perino rips Biden for ‘screwing’ landlords across America, AGAIN

Landlords hit the courts on ‘unlawful’ CDC eviction moratorium, ask federal court to intervene



 


Former Obama official calls for unvaxxed Americans to be put on no-fly list: ‘Flying is not a right’

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