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Bitcoin’s Origins get Well-timed Mention in Elon Musk Tweet

The ‘why’ of Bitcoin is back in the news

Bitcoin’s history and origination is an important factor for more than just true believers and maximalists. Created in the aftermath of the 2008 financial crisis, and with evidence that it was intended, by its founder, known only as Satoshi Nakamoto, as remedy for the failed system that had nearly collapsed the world economic system at that time.

In a recent CoinDesk post, Nathan Thompson wrote: Bitcoin’s genesis block is historic, not just because it contained the first 50 bitcoins, but because it had a message coded in the hash code: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

The bank bailouts and various financial system failures were integral, then, in the creation and purpose of bitcoin, and one could even say, coins and systems that followed, starting with Ethereum in 2015.

After a few weeks of tweets revolving around the Twitter buyout brouhaha, Elon Musk, in a reply, added, in a more introspective tone than has been seen of late, some of his thoughts on the subject;

Interesting timing and a nice shift from the obsession with prices

The recent “crash” and panicked voices over the drop of the bitcoin price below $30k is the unspoken background addressed in this exchange, it appears.

Decrying the erroneous belief that “prices only go up” held by the public at large during the doomed run up to the 2008-2009 crisis could be seen as a hint that, perhaps, prices of assets like Bitcoin, and Tesla shares, for that matter, can not “only go up” and anyone who seeks such a preposterous nirvana is digging their own graves, having failed to learn from all the times in history that fools took the path of peak greed and self-delusion.

Worse, and worth being singled out specifically, are those that profited from the delusion of others in “predatory lending” practices, which Elon Musk “doesn’t support”.

Ultimately for this tweet thread, it was Elon Musk’s Twitter buddy @BillyM2k that nailed it with a series of tweets explicitly spelling out the divergence between the founders and believers in the original, positive, intent of bitcoin and the massive bubble of speculators and scammers that has, in his view unfortunately, grown up around it.

Pointing out that DogeCoin, as an example, was created to highlight the stupidity of speculation and excess greed that came with the avalanche of meme-coins and “shitcoins” etc, that flooded the market and, to a great degree, obscured the original, positive force that bitcoin and decentralized finance was invented to be.

https://twitter.com/BillyM2k/status/1525274042592202752?s=20&t=yenGWhR_EZDBYDoUwOhnZg

Maybe, some of the various challenges and stumbles that Elon Musk is experiencing lately, seemingly for the first time, after a string of incredible triumphs, culminating with the Person of the Year designation and the buyout launch that is now in limbo, will inspire him to be more reflective and use his powerful position as a “Twitter-sage” to draw more attention to the need for a voice of “reason”, rather than as a cheerleader for the bonfires of vanity and speculation.

https://twitter.com/BillyM2k/status/1525277905319628801?s=20&t=yenGWhR_EZDBYDoUwOhnZg

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6 months after the climate summit, where to find progress on climate change in a more dangerous and divided world

Six months ago, negotiators at the United Nations’ Glasgow climate summit celebrated a series of new commitments to lower global greenhouse gas emissions and build resilience to the impacts of climate change. Analysts concluded that the new promises, including phasing out coal, would bend the global warming trajectory, though still fall short of the Paris climate agreement.

Today, the world looks ever more complex. Russia is waging a war on European soil, with global implications for energy and food supplies. Some leaders who a few months ago were vowing to phase out fossil fuels are now encouraging fossil fuel companies to ramp up production.

In the U.S., the Biden administration has struggled to get its promised actions through Congress. Last-ditch efforts have been underway to salvage some kind of climate and energy bill from the abandoned Build Back Better plan. Without it, U.S. commitments to reduce emissions by over 50% by 2030 look fanciful, and the rest of the world knows it – adding another blow to U.S. credibility overseas.

Meanwhile, severe famines have hit Yemen and the Horn of Africa. Extreme heat has been threatening lives across India and Pakistan. Australia faced historic flooding, and the Southwestern U.S. can’t keep up with the wildfires.

As a former senior U.N. official, I’ve been involved in international climate negotiations for several years. At the halfway point of this year’s climate negotiations, with the next U.N. climate conference in November 2022, here are three areas to watch for progress and cooperation in a world full of danger and division.

Crisis response with long-term benefits

Russia’s invasion of Ukraine has added to a triple whammy of food price, fuel price and inflationary spikes in a global economy still struggling to emerge from the pandemic.

But Russia’s aggression has also forced Europe and others to move away from dependence on Russian oil, gas and coal. The G7 – Canada, France, Germany, Italy, Japan, the U.K. and the U.S. – pledged on May 8, 2022, to phase out or ban Russian oil and accelerate their shifts to clean energy.

In the short term, Europe’s pivot means much more energy efficiency – the International Energy Agency estimates that the European Union can save 15%-20% of energy demand with efficiency measures. It also means importing oil and gas from elsewhere.

In the medium term, the answer lies in ramping up renewable energy.

There are issues to solve. As Europe buys up gas from other places, it risks reducing gas supplies relied on by other countries, and forcing some of those countries to return to coal, a more carbon-intense fuel that destroys air quality. Some countries will need help expanding renewable energy and stabilizing energy prices to avoid a backlash to pro-climate policies.

As the West races to renewables, it will also need to secure a supply chain for critical minerals and metals necessary for batteries and renewable energy technology, including replacing an overdependence on China with multiple supply sources.

Ensuring integrity in corporate commitments

Finance leaders and other private sector coalitions made headline-grabbing commitments at the Glasgow climate conference in November 2021. They promised to accelerate their transitions to net-zero emissions by 2050, and some firms and financiers were specific about ending financing for coal plants that don’t capture and store their carbon, cutting methane emissions and supporting ending deforestation.

Their promises faced cries of “greenwash” from many climate advocacy groups. Some efforts are now underway to hold companies, as well as countries, to their commitments.

A U.N. group chaired by former Canadian Environment Minister Catherine McKenna is now working on a framework to hold companies, cities, states and banks to account when they claim to have “net-zero” emissions. This is designed to ensure that companies that pledged last year to meet net-zero now say how, and on what scientific basis.

For many companies, especially those with large emissions footprints, part of their commitment to get to net-zero includes buying carbon offsets – often investments in nature – to balance the ledger. This summer, two efforts to put guardrails around voluntary carbon markets are expected to issue their first sets of guidance for issuers of carbon credits and for firms that want to use voluntary carbon markets to fulfill their net-zero claims. The goal is to ensure carbon markets reduce emissions and provide a steady stream of revenue for parts of the world that need finance for their green growth.

Climate change influencing elections

Climate change is now an increasingly important factor in elections.

French President Emmanuel Macron, trying to woo supporters of a candidate to his left and energize young voters, made more dramatic climate pledges, vowing to be “the first major nation to abandon gas, oil and coal.”

With Chile’s swing to the left, the country’s redrafted constitution will incorporate climate stewardship.

In Australia, Scott Morrison’s government – which supported opening one of the world’s largest coal mines at the same time the Australian private sector is focusing on renewable energy – faces an election on May 21, 2022, with heatwaves and extreme flooding fresh in voters’ minds. Brazil’s Jair Bolsonaro faces opponents in October who are talking about protecting the climate.

Elections are fought and won on pocketbook issues, and energy prices are high and inflation is taking hold. But voters around the world are also experiencing the effects of climate change firsthand and are increasingly concerned.

The next climate conference

Countries will be facing a different set of economic and security challenges when the next round of U.N. talks begins in November in Sharm el-Sheikh, Egypt, compared to the challenges they faced in Glasgow. They will be expected to show progress on their commitments while struggling for bandwidth, dealing with the climate emergency as an integral part of security, economic recovery and global health.

There is no time to push climate action out into the future. Every decimal point of warming avoided is an opportunity for better health, more prosperity and better security.

Rachel Kyte, Dean of the Fletcher School, Tufts University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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‘All the Old Knives’: Watch latest Romantic Espionage Thriller

Six years ago a terrorist in Vienna took hundreds of hostages and the rescue attempt was totally botched. Veteran Henry Pelham (played by Chris Pines), a CIA operative learned that one of its agents may be the reason behind the attack via leaking sensitive information. Pelham along with his college Celia Harrison (played by Thandiwe Newton), also former lover are assigned to figure out who the mole is.

The movie is based on the 2015 spy novel by author Olen Steinhauer. Director Janus Metz adapted his screen from the book. In addition to Pines and Newton, the film also features Laurence Fishburne and Jonathan Pryce.

The movie will be released April 8 on the Amazon streaming platform globally and also in select theaters.

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Economic sanctions may deal fatal blow to Russia’s already-weakdomestic opposition

The West has responded to Russia’s invasion of Ukraine by imposing harsh economic sanctions.

Above: Photo Collage

Most consequentially, key Russian banks have been cut out of the SWIFT payments messaging system, making financial transactions much more difficult. The United States, European Union and others also moved to freeze Russian Central Bank reserves. And U.S. President Joe Biden is weighing a total ban on Russian oil imports.

These sanctions are aimed at generating opposition from both Russian President Vladimir Putin’s inner circle and everyday Russians. As a scholar who studies regime change, I believe the risk is that they will actually drive the Kremlin’s weak opposition further into obscurity.

A ‘punishment logic’

Economic sanctions follow a “punishment logic”: Those feeling economic pain are expected to rise up against their political leaders and demand a change in policies.

Everyday Russians have already felt the pain from the newest sanctions. The ruble plummeted in value, and Russia’s stock market dipped. The effects of Western sanctions were seen in the long lines at ATMs as Russians tried to pull out their cash before it was lost.

But the odds of an uprising are not great. Empirical research suggests that sanctions rarely generate the sorts of damage that compel their targets to back down. Their greatest chance of success is when they are used against democratic states, where opposition elites can mobilize the public against them.

In authoritarian regimes like Putin’s, where average citizens are the most likely to suffer, sanctions usually do more to hurt the opposition than help it.

How Putin has quelled dissent

Putin has used a variety of tools to try to quell domestic opposition over the past two decades.

Some of these were subtle, such as tweaking the electoral system in ways that benefit his party. Others were less so, including instituting constitutional changes that allow him to serve as president for years to come.

But Putin has not stopped at legislative measures. He has long been accused of murdering rivals, both at home and abroad. Most recently, Putin has criminalized organizations tied to the opposition and has imprisoned their leader, Alexei Navalny, who was the target of two assassination attempts.

Despite a clampdown on activism, Russians have repeatedly proved willing to take to the streets to make their voices heard. Thousands demonstrated in the summer and fall of 2020 to support a governor in the Far East who had beaten Putin’s pick for the position only to be arrested, ostensibly for a murder a decade and a half earlier. Thousands more came out last spring to protest against Navalny’s detention.

Putin has even begun facing challenges from traditionally subservient political parties, such as the Communist Party and the nationalist Liberal Democratic Party.

Flickers of opposition

Importantly, Putin has occasionally shown a willingness to back down and change his policies under pressure. In other words, as much as Putin has limited democracy in Russia, opposition has continued to bubble up.

The result is a president who feels compelled to win over at least a portion of his domestic audience. This was clear in the impassioned address Putin made to the nation setting the stage for war. The fiery hourlong speech falsely accused Ukrainians of genocide against ethnic Russians in eastern Ukraine. “How long can this tragedy continue? How much longer can we put up with this?” Putin asked his nation.

Since Russia invaded Ukraine, Russians have continued to show their willingness to stand up to Putin. Thousands have gathered to protest the war in Ukraine, despite risking large fines and jail time.

They have been aided by a network of “hacktivists” outside Russia using a variety of tactics to overcome the Kremlin’s mighty propaganda machine. These groups have blocked Russian government agencies and state news outlets from spreading false narratives.

Controlling the narrative

Despite these public showings, the liberal opposition to Putin is undoubtedly weak. In part, this is because Putin controls state television, which nearly two-thirds of Russians watch for their daily news. Going into this war, half of Russians blamed the U.S. and NATO for the increase in tensions, with only 4% holding Russia responsible.

This narrative could be challenged by the large number of Russians – 40% – who get their information from social media. But the Kremlin has a long track record of operating in this space, intimidating tech companies and spreading false stories that back the government line. Just on Friday state authorities said they would block access to Facebook, which around 9% of Russians use.

Putin has already shown he can use his information machine to convert past Western sanctions into advantage. After the West sanctioned Russia for its 2014 takeover of Crimea, Putin deflected blame for Russians’ economic pain from himself to foreign powers. The result may have fallen short of the classic “rally around the flag” phenomenon, but on balance Putin gained politically from his first grab on Ukraine. More forceful economic sanctions this time around may unleash a broader wave of nationalism.

More importantly, sanctions have a long track record of weakening political freedoms in the target state. As the situation in Russia continues to deteriorate, Putin will likely crack down further to stamp out any signs of dissent.

And former Russian president Dmitry Medvedev reacted to the country’s expulsion from the Council of Europe by suggesting Russia might go back on its human rights promises.

Another casualty of the war

This has already begun.

In the first week of the war, Russian authorities arrested more than 7,000 protesters. They ramped up censorship and closed down a longtime icon of liberal media, the Ekho Moskvy radio station. The editor of Russia’s last independent TV station, TV Dozhd, also announced he was fleeing the country.

Russia already ranked near the bottom – 150 out of 180 – in the latest Reporters Without Borders assessment of media freedom. And a new law, passed on March 4, 2022, punishes the spread of “false information” about Russia’s armed forces with up to 15 years in jail.

Ironically, then, the very sanctions that encourage Russians to attack the regime also narrow their available opportunities to do so.

Ultimately, the opposition seen on the streets in Russia today and perhaps in the coming weeks may be the greatest show of strength that can be expected in the near future.

The West may have better luck using targeted sanctions against those in Putin’s inner circle, including Russia’s infamous oligarchs. But with their assets hidden in various pots around the world, severely hurting these actors may prove difficult.

Even in the best of circumstances, economic sanctions can take years to have their desired effect. For Ukrainians, fighting a brutal and one-sided war, the sanctions are unlikely to help beyond bolstering morale.

The danger is that these sanctions may also make average Russians another casualty in Putin’s war.

[The Conversation’s Politics + Society editors pick need-to-know stories. Sign up for Politics Weekly.]

This article is republished from The Conversation BY Brian Grodsky, University of Maryland, Baltimore County under a Creative Commons license. Read the original article.

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Live Text in iOS 15 shocks people with its utility and power

Master the ways you can use it and information gathering on iPhone will never be the same

We are all cyborgs now, to paraphrase Elon Musk when speaking about his neural network project, neuralink. The implication is that we rely so heavily on the iphone in our pocket that it has been come a literal extension on our minds and bodies, like a bionic arm.

With live text features and functions using iPhone (or iPad) in iOS 15 and 15.1 there is a new and very powerful addition to our already amazing arsenal of sensory extension. But the use of these new powers is not always obvious, and since the iPhone comes without a user manual, or rather an infinite number of them via YouTube and the web, learning just how far this feature can take you is a journey in itself.

In typical Apple fashion, if there are 10 ways to use live text then there are 100

The first thing that is not immediately apparent but becomes clearer on repeated use is that you can extract text, including most handwriting, from any existing photo. It can be a photo you took to store some text (like a menu posted behind the deli counter or a for sale sign in front of the house you might want to bid on).

Less obvious is that you do not need to take a photo at all to activate the live text recognition options. You can just point the camera at the “thing” that has text on it that you want to extract. But taking this to it’s most extreme logical conclusion Apple has made it possible to access the camera from within various apps specifically to make it less of a hassle to get the text directly from that app you plan to store it in or send it from.

Examples in the video below include the Notes app, the Messages app (formerly iMessage) and the mail app.

It will also allow you to go directly to the phone app or Apple Maps to “act” on information that you gather, from any camera access node or from the camera app – such as extracting a phone number from a business card or a billboard and then just clicking call, or sending an address from either of those examples into Apple Maps and immediate get directions.

These are just a few of the “live” uses of the feature that come up amazingly often in real life. More detailed use cases will be in both the video below and in subsequent videos on this feature, already in the works.

iOS 15.1 is filled with features that have a myriad of use cases, almost too many to list or describe

Every year when a major upgrade is sent down from on high, there is adapting to do and bugs to avoid. Sometimes it seems like the effort to learn how to use the new features is nearly on par with the gains in productivity from the better performing software. Three steps forward and two steps back, as it were.

This is not the case with iOS 15 – it’s more like 10 steps forward and only four steps back! Seriously, there are so many new features that it is completely reasonable to want to slowly adapt to the improvements, no matter how exciting they may be.

But in the case of live text, as well as the extensive upgrades to nearly all the built in apps for iPhone, iPad and Macs, the future will reward those of us that proactively evolve with the software’s upgraded abilities.

For those that use iPhones and iPads with a mac laptop or desktop, the changes coming with iOS 15.1 and macOS 12 Monterey (scheduled to go public next week) are just the beginning of an intense evolution toward what we have been calling the “Apple OS ecosystem singularity”.

The added power from improved hardware in all Apple devices, along with the ever converging and evolving ability to interact with one another via software upgrades, is going to make the world feel like a very different (better?) place a year or two from now.

It’s only a question of if we, with our non-bionic brains and bodies, can adapt to the new powers that come our way fast enough to gain from them before the next wave of changes hits us with new challenges of adaptation.

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Congress want Amazon to Prove Bezos didn’t give perjured Testimony

Above: Photo / Lynxotic

While still CEO of Amazon, Jeff Bezos testified in Congress by video conference on July 29, 2020. Now, there are at least Five members of a congressional committee alleging that he and other executives may have lied under oath andmisled lawmakers.

In a press release by the House Judiciary Antitrust Subcommittee the lawmakers state that they are giving Amazon a “Final Chance to Correct the Record Following a Series of Misleading Testimony and Statements”.

CurrentAmazon CEO Andy Jassy, who, in July, succeeded Bezos is being asked to respond to the discrepancies, including information found by The Markup published in a recent article

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After Docs ‘Show What We Feared’ About Amazon’s Monopoly Power, Warren Says ‘Break It Up’

Leaked documents reveal the e-commerce company’s private-brands team in India “secretly exploited internal data” to copy products from other sellers and rigged search results.

U.S. Sen. Elizabeth Warren on Wednesday renewed her call to break up Amazon after internal documents obtained by Reuters revealed that the e-commerce giant engaged in anti-competitive behavior in India that it has long denied, including in testimonies from company leaders to Congress.

“These documents show what we feared about Amazon’s monopoly power—that the company is willing and able to rig its platform to benefit its bottom line while stiffing small businesses and entrepreneurs,” tweeted Warren (D-Mass.) “This is one of the many reasons we need to break it up.”

Warren is a vocal advocate of breaking up tech giants including but not limited to Amazon. The company faces investigations regarding alleged anti-competitive behavior in the United States as well as Europe and India. The investigative report may ramp up such probes.

Aditya Karla and Steve Stecklow report that “thousands of pages of internal Amazon documents examined by Reuters—including emails, strategy papers, and business plans—show the company ran a systematic campaign of creating knockoffs and manipulating search results to boost its own product lines in India, one of the company’s largest growth markets.”

“The documents reveal how Amazon’s private-brands team in India secretly exploited internal data from Amazon.in to copy products sold by other companies, and then offered them on its platform,” according to the reporters. “The employees also stoked sales of Amazon private-brand products by rigging Amazon’s search results.”

As Reuters notes:

In sworn testimony before the U.S. Congress in 2020, Amazon founder Jeff Bezos explained that the e-commerce giant prohibits its employees from using the data on individual sellers to help its private-label business. And, in 2019, another Amazon executive testified that the company does not use such data to create its own private-label products or alter its search results to favor them.

But the internal documents seen by Reuters show for the first time that, at least in India, manipulating search results to favor Amazon’s own products, as well as copying other sellers’ goods, were part of a formal, clandestine strategy at Amazon—and that high-level executives were told about it. The documents show that two executives reviewed the India strategy—senior vice presidents Diego Piacentini, who has since left the company, and Russell Grandinetti, who currently runs Amazon’s international consumer business.

While neither Piacentini nor Grandinetti responded to Reuters‘ requests for comment, Amazon provided a written response that did not address the reporters’ questions.

“As Reuters hasn’t shared the documents or their provenance with us, we are unable to confirm the veracity or otherwise of the information and claims as stated,” Amazon said. “We believe these claims are factually incorrect and unsubstantiated.”

“We display search results based on relevance to the customer’s search query, irrespective of whether such products have private brands offered by sellers or not,” the company said, adding that it “strictly prohibits the use or sharing of nonpublic, seller-specific data for the benefit of any seller, including sellers of private brands.”

Warren was not alone in calling for the breakup of Amazon following the report.

“This is not shocking. But it is appalling,” the American Economic Liberties Project said in a series of tweets. “Independent businesses have sounded the alarm for years—providing evidence that Amazon stole their intellectual property.”

“We said back in 2020 that a perjury referral was in order—and it still is,” the group added, highlighting testimony from Bezos and Nate Sutton, Amazon’s associate general counsel. “But Amazon will remain an anti-business behemoth, flagrantly breaking the law and daring policymakers to stop them.”

Highlighting a report from a trio of its experts, Economic Liberties added that “it’s time to break Amazon up.”

Originally published on Common Dreams by JESSICA CORBETT and republished under a Creative Commons license  (CC BY-NC-ND 3.0).

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Recent White House Study on Taxes Shows the Wealthy Pay a Lower Rate Than Everybody Else

Above: Photo / Lynxotic

Recent White House Study on Taxes Shows the Wealthy Pay a Lower Rate Than Everybody Else

A decade ago, in an essay for The New York Times, Warren Buffett disclosed that he had paid nearly $7 million in federal taxes in 2010. “That sounds like a lot of money,” he wrote. “But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.”

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Series: A Closer Look Examining the News

The words “taxable income” are doing a lot of work in that sentence.

Buffett owns a substantial number of shares in Berkshire Hathaway, the fabulously successful holding company he founded decades ago. As the company’s shares have soared nearly every year, his wealth has grown by billions. Under the U.S. tax code, none of that is taxed until he sells shares at a profit.

A little math shows that Buffett’s 17.4% rate meant he reported roughly $40.2 million in income in a year where Forbes said his wealth grew by $3 billion. His revelation made it possible to compare how much he was paying the government to the increase in the size of his fortune.

No one did so, and Buffett became something of a folk hero for calling for any increase in taxes.

When we obtained access to a trove of tax data on the richest Americans, it quickly became clear to our reporters that Buffett’s comparison of his own tax rate to his employees’ vastly understates the inequity of our tax system. Buffett is far from unique; the documents showed that the amount of money people like Michael Bloomberg, Jeff Bezos or Elon Musk reported to the IRS as income was infinitesimal when measured against their annual gains in wealth.

And so the first story in our “Secret IRS Files” series set out a new concept that makes more sense in our 21st century Gilded Age; we called it “the true tax rate.” We compared the annual taxes paid by the ultrarich to their wealth gains to give readers a sense of how the system really works.

From 2014 to 2018, we pointed out, Buffett paid $125 million in federal taxes. As he said, that sounds like a lot. But according to Forbes, his riches rose $24.3 billion during that period, making his true tax rate 0.1%. In a detailed written response, Buffett defended his practices but did not directly address ProPublica’s true tax rate calculation.

When we published this story, howls of rage rang out from the freewheeling corners of Twitter to the ornate offices on Wall Street. Some of the most irate critics wrote to me directly and demanded to know whether I was so @#$!@ stupid that I didn’t understand the meaning of the word “income tax.”

“This story, sadly, reeks with ‘class envy,’” one angry reader wrote. “If this was intended to get clicks, you made your money.” We’re a nonprofit and our revenue from advertising adds almost nothing to our annual budget, but I understand this reader’s larger point, which we noted in the story: The ultrarich are doing only what the current tax code invites them to do.

The debate intensified, and the White House-backed proposals on taxes advanced by congressional Democrats largely followed the traditional approach of raising rates on income. A separate bill introduced by Sens. Elizabeth Warren and Bernie Sanders to impose a 3% tax on all wealth above $1 billion is seen as having little chance of passing.

The reluctance to embrace a wealth tax is deeply rooted. The biggest donors to both parties would be hit hard by such a law. And as we pointed out in our initial story, the complexities of taxing wealth are not trivial. Several countries have tried and struggled to figure out a fair way to tax stock gains. Does an entrepreneur whose stock skyrockets in one year, and pays a big tax, deserve a rebate if his company’s shares plummet the next year?

All of that said, we took note when White House economists issued a study that used publicly available data to estimate “the average Federal individual income tax rate paid by the 400 wealthiest American families’ in recent years, determined using a more comprehensive measure of income.” Their methodology was similar to ours, and their findings — that those families gained $1.8 trillion from 2010 to 2018 and paid 8.2% in taxes — are in line with what we found in the tax data.

The authors say their findings are evidence in support of President Joe Biden’s plan for tweaking the existing system; the words “wealth tax” are not mentioned. They point to the administration’s proposal to impose higher tax rates on stock dividends and on capital gains, the profit an investor reaps when selling a stock whose value has risen.

(The Biden administration has proposed getting rid of a provision in the tax code that shields heirs who inherit stock from paying capital gains tax on the growth in value that occurred before the shares were transferred.)

None of the proposed changes come close to addressing the biggest hole in the system, which is that an ultrarich person can live comfortably off gains in wealth while never selling a single share. As our initial story pointed out, the Buffetts and Bezos of the world can borrow against the value of their considerable holdings and live comfortably without selling stock or receiving any income from dividends, which new companies like Tesla and Amazon don’t pay.

The strategy, known as “buy, borrow and die,” allows the wealthy to amass fast fortunes, pay no taxes on those gains and pass on much of the wealth to their descendants.

Herb and Marion Sandler, the founders of ProPublica, made it clear from the outset that they hoped our journalism would spur real-world change. They were not particularly interested in stories whose biggest effect was that they had “started a conversation.”

We still measure our success by tangible effects. But over the years, we have seen that the road to impact on very complex issues can begin by changing the conversation.

Lawmakers have said that some of the most egregious tax loopholes we’ve exposed, notably multibillion-dollar Roth IRA accounts, will be scrutinized as Congress takes up tax legislation in coming months.

There’s no telling where the larger conversation about taxing wealth will lead. As the White House paper suggests, a new way of thinking about equality and taxation has taken center stage. Whether that ultimately results in change remains very much an open question.

Originally published on ProPublica by Stephen Engelberg and republished under a Creative Commons License (CC BY-NC-ND 3.0)

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New video of Trump’s Mad House outed by Grisham’s Exposé

Stephanie Grisham’s new book exposes everything she knows about the Trumps after extensive time working in the White House. Reporters with galley proofs are exposing and releasing details that paint a sordid and alarming picture of the time, even beyond past, admittedly shocking revelations.

Grisham served multiple roles during Trump’s solo term, including as aide to former First Lady Melania Trump, as Chief of Staff, in addition to an aide to Trump as his White House Press Secretary and Communications Director.

Many of the most recent revelations focus on the former First Lady.

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Reports from those who got a sneak peak at excerpts from the upcoming book, say during the 2020 election race, Melania did not stay up for results by her husband’s side, but instead spent most of the night…. asleep.

“I knew by now how much sleep meant to her,” Grisham writes, “but still, I couldn’t imagine being asleep at a time like that. Maybe she thought that someone would wake her up if Trump won.”

(Obviously he didn’t win). Although only a small little nugget of gossip, it solidifies what many have felt about the ex-FLOTUS, as her infamous green jacket implied, she really doesn’t care.

It seems like Melania Trump DOES care about her outward reputation as both unflattering images of author Grisham were leaked to press along with a statement issued by her camp about the upcoming book:

“The intent behind this book is obvious. It is an attempt to redeem herself after a poor performance as press secretary, failed personal relationships, and unprofessional behavior in the White House. Through mistruth and betrayal, she seeks to gain relevance and money at the expense of Mrs. Trump.”

I’ll Take Your Questions Now: What I Saw in the Trump White House” will be released on Oct 5 and is available to pre-order now Bookshop

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These Afghans Won the Visa Lottery Two Years Ago — Now They’re Stuck in Kabul and Out of Luck

Above: Photo Credit / Amber Clay / Pixabay

President Donald Trump’s ban on the visa lottery was ruled to be illegal, but the government says it can’t help hundreds of Afghans who won it for at least another year.

Fakhruddin Akbari is allowing his full name to be published because he is certain he is going to die. Akbari, his wife and his 3-year-old daughter fled their home in Kabul, Afghanistan, two weeks ago. They’ve been hiding with friends in the city, living on bread and water.

He should be among the lucky ones.

Instead, Akbari fears the very thing he was hoping would be his salvation will now make him a target.

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Two years ago, Akbari won a rare spot in the United States’ “visa lottery.” He was chosen at random from a pool of 23 million to get the chance to apply for one of 55,000 visas to immigrate to the U.S. The U.S. was supposed to have finished his case by last fall. The instructions when he registered promised as much. Either he would be safely en route to the U.S., or he would lose his chance and move on.

But with the final U.S. evacuation from Afghanistan just days away — and as Thursday’s bombings have added even more chaos at Kabul’s airport — Akbari has almost certainly lost his chance to get out.

He has already burned the letters of commendation his relatives received for their work with American contractors or allied militaries. The Taliban already know, he says, that he’s part of a pro-American family. His neighbors have told him they’ve been visited by strangers asking about him.

A March 2020 ban signed by President Donald Trump, citing a need to protect the American economy, prevented Akbari and visa lottery winners from entering the U.S. In response to a lawsuit by immigration lawyers, a federal judge ruled earlier this month that the government has to move ahead on processing thousands of last year’s lottery winners. But the U.S. has told the judge it can’t even start until fall 2022 at the earliest.

Several hundred Afghans are in the group. They may be the unluckiest winners in the visa lottery’s 30-year history.

The State Department did not respond to a request for comment before publication.

The lottery isn’t open to everyone. Winners must come from a country that hasn’t had much recent immigration to the U.S. Applicants for the visas must also submit biometric information, pass an interview and medical screening, and complete several security checks.

Nouman, an Afghan lottery winner who asked that his full name not be used over fear of the Taliban, spent months tracking down police documents from the Chinese town where he’d worked for a few years, to prove he had a clean record.

Those requirements are still far less restrictive than other ways to legally immigrate to the U.S., which generally require being closely related to a citizen or green-card holder or having a job offer from an American company. In Afghanistan, interest in the lottery is so great that Nouman said it took him two days to successfully log onto the swamped website where lottery results were posted.

But unlike other visas, diversity visas — the type lottery winners become eligible to receive — are on a tight and unvarying schedule.

Lottery winners are notified in the early summer. After submitting their full application, they can only be interviewed at the nearest U.S. consulate once the federal fiscal year begins on Oct. 1. Then the whole process has to be completed within a year. Eligibility for the visa doesn’t roll over.

Usually, most of the annual 55,000 visas have been handed out by that time. But last year, two things happened. First, in mid-March, consulates around the world shut down because of the pandemic. Two weeks later, Trump declared that letting in immigrants would hamper the recovery of the economy, and he signed the order barring most types of immigrants — including diversity visa holders.

When U.S. embassies and consulates began to reopen last summer, a State Department cable disclosed as part of the lawsuit shows they were instructed to handle diversity visas last, even if they met the narrow exemptions to the ban.

Giving someone a visa is legally distinct from letting them enter the U.S., and critics of Trump’s actions — including a group of lawyers who filed lawsuits over the bans — argued that even if the ban were legal, consulates could still prepare visas so that recipients could come after the ban was rescinded, which President Joe Biden did this February.

In early September last year, Judge Amit Mehta of the U.S. District Court for the District of Columbia agreed with the argument and ordered the government to make up for lost time, prioritizing diversity visa applicants ahead of everyone else for the last 26 days of the fiscal year.

The State Department’s bureaucracy took a few days to get into gear. Then it began a process that turned out to be far from efficient.

Officials compiled a spreadsheet of applicants who had joined the now-consolidated suit and were supposed to be prioritized, but it was riddled with misspelled names and incorrect case numbers. In a court declaration, a State Department official from a different office said the spreadsheet took “many queries” from his team to fix.

Once consulates and embassies got the correct names, they rushed appointments, often giving applicants little notice. The Kabul embassy wasn’t participating at all, so any Afghan appointments were set up in different countries — or continents.

At least three Afghan immigrants, including Nouman, were scheduled for interviews in Cameroon. All three were given one day’s notice to get there. (Nouman, at least, was able to get a later appointment in Islamabad, Pakistan.)

Many more weren’t given interviews at all. According to court filings, some State Department employees told applicants who called the office handling the cases that if they hadn’t officially joined the lawsuit, “you lost your chance” — which wasn’t true. When a COVID-19 outbreak hit the office and workers went remote, the help line shut down entirely.

When the fiscal year ended on Sept. 30, 2020, more than 40,000 of the 55,000 diversity visas were still unused — and several hundred Afghans were still waiting. Less than 20% of the Afghan lottery winners had gotten visas by the deadline.

That day, Mehta had ordered the State Department to reserve 9,505 slots, based on his estimate of how many diversity visas could have been processed if COVID-19 had existed but the ban didn’t. When the case finally concluded this month, he declared that the government would indeed have to process those visas.

That opinion came down on Aug. 17, two days after Kabul fell.

In a response filed to Mehta on Thursday, the government offered to start processing last year’s visas in October 2022. One reason given for the proposed delay was that processing older visas is “an unprecedented computing demand that will require the Department to implement wide-ranging hardware and software modifications.” Another was that processing diversity visas would take resources away from dealing with the crisis in Afghanistan.

It went unmentioned that some people are affected by both.

Lawyers for the affected immigrants made an emergency filing this week, with testimony from several Afghans worried that they would be targeted by the Taliban precisely because they had sought to immigrate to the U.S. They’re hoping the court will order expedited consideration for Afghan lottery winners.

The lawyers are moving to appeal for the court to order that Afghans get priority in the visa process. The plaintiffs’ lawyers had asked the government to consent to their filing the request. The government’s response — after several days of silence, delaying the filing — was to call it an “unnecessary distraction.”

In a meeting by phone on Monday, according to two people on the call, another government attorney complained that he’d been getting emails from applicants “all over the world” and blamed their lawyers for posting his address online. One of those emails was a desperate cry for help from Akbari. “We are totally hopeless and every knock of the door seems like a call to death for us,” Akbari wrote. “Please help us.”

In the time since sending that email, Akbari and his family have made two attempts to get to Kabul’s Hamid Karzai International Airport. The first time, he says, they were beaten back by the Taliban. The second time he was stopped by the United States. The Marines guarding the airport said they couldn’t enter. The reason? They did not have visas.

Originally published on ProPublica by Dara Lind via Creative Commons

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Virgin Hyperloop’s Ultra high-speed Pods are a Utopian Vision of Tomorrow

Above: Photo / Virgin Hyperloop

Ongoing attempts to enable travel between cities within a matter of minutes take form and shape…

A new concept video of the company’s plans for its Hyperloop system has been released, and if realized, the system will be a very fast one. The trains would travel inside a near-vacuum environment within a tube. The absence of air allows for the luxury train-like pods to travel at low power yet at extremely fast speeds, reaching up to 1,080km/hour or 670 mph.

The concept of a Hyperloop system is not a new one, and actually it was Elon Musk that initially brought the idea of developing a hyperloop transportation concept into the mainstream via the Boring Company.

photo / Virgin Hyperloop

Plans to build fully realized systems did not materialize under his watch, perhaps due to his very full agenda with sustainable energy, EVs, the moon and mars all on his plate, and now Virgin appears to be picking up the mantel and aiming for a complete transport system. With jet speeds, comfort of luxury train travel and the flexibility of car individuality the concept projections are, at the very least, beautifully imagined.

While the slick, enjoyable video (below) might make you eager to jump into a pod pronto, the reality, if realized, of the system in some kind of full commercial operations, is projected for 2027 and beyond.

All of this is promised, along with nearly zero emissions. Looking forward using a 30 year time horizon the company’s studies estimated that there could be a reduction CO2 emissions by 2.4 million tons with a connection built between three cities creating $300 billion in overall economic benefits.

This somewhat utopian vision would enable incredibly smooth, clean, cheap transportation between cities and be fast. Really fast. Although it may be easy to scoff at this rosy view of the future – it is exactly the kind of bold utopian vision that will be required if humanity is going to be saved from oblivion. Climate crisis disasters, financial meltdowns, political gridlock and corruption, these are the obvious likely candidates for a believable future.

On the other hand, ideas like universal basic income (paid in bitcoin mined by cell phone), emission free ultra luxurious hi-speed transport systems, powered with renewable energy, a world where scarcity and want are not the measurement of reality, these are the necessities of utopia.

Perhaps it’s time to start thinking it could be possible. Since the alternative is oblivion and extinction, why not?

“It starts off with two people riding a Hyperloop. It ends with hundreds of millions of people riding on a Hyperloop and that’s what the 2020s, the roaring ’20s will be”

Virgin Hyperloop Co-founder and Chief Executive Josh Giegel

One difference between the Virgin Hyperloop and a high-speed maglev train system, for example, is the idea of an individual pod system which would allow for individual pods to break away and head to secondary tubes leading towards a different destination.

Virgin Hyperloop is part of the Virgin empire created by Richard Branson, below he shared the video explaining how travel pods work.

https://youtu.be/80hJfhWfjKY

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Facebook Resorted to Illegal Buy-or-Bury Scheme: FTC

photo collage by Lynxotic

Chair of the Federal Trade Commission Lina Khan posted on her Twitter the official press release of its position against Facebook.

Pulling no punches the language of the filing leaves no doubt as to the direction of the FTC going forward in this case. Illegal, Bribery, “Buy-or-Bury Scheme” these are characterizations that go to the heart of anticompetitive and monopolistic behavior of the giant. FTC Bureau of Competition Acting Director, Holly Vedova, said ““This conduct is no less anticompetitive than if Facebook had bribed emerging app competitors not to compete. The antitrust laws were enacted to prevent precisely this type of illegal activity by monopolists.”

While The Federal Trade Commission’s mandate has traditionally been “to promote competition and protect and educate consumers” the attempt by big tech to appear “helpful” to consumers with hidden costs and deflated pricing is finally at issue with Kahn in the chair. Khan’s famous 2017 article; “Amazon’s Antitrust Paradox“ helped to re-define a new direction for antitrust law for the digital age, which appears to be in the early stages of fulfillment at the agency under her leadership.

As described in the amended case, upon Facebook starting out as an open space for third party developers, the company quickly reversed (pulling a bait-and-switch) by requiring developers to terms that would have prevented successful applications from emerging as competitive threats to the company.

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Musk is developing a Humanoid Tesla Bot with a Screen-face

Photo Credit / Tesla

At the end of Tesla’s AI Day presentation, Musk revealed an unexpected new product, the Tesla Bot.

The humanoid robot would be 5’8″ tall and its main purpose, according to Musk, would be to eliminate dangerous, repetitive, and boring tasks. The prototype is expected to be available some time next year.

The CEO also made a typically bold statement about the future and AI, saying “Essentially, in the future, physical work will be a choice. If you want to do it, you can, but you won’t need to do it.”

Elon finished with an invitation for engineers to join the Tesla team to build the robot.

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Esquire Reports: Kevin Hart interview moment isn’t What it Seems

Above: Photo / Peacock

A clip from the new talk show with Kevin Hart on Peacock called “Hart to Heart” went viral on Twitter, and to say the clip makes you feel uncomfortable to watch, is an understatement.

Hart had on his show actor Don Cheadle and mid conversation while Cheadle made a comment while divulging his age, Hart, very loudly, responded “DAMN!”. The exchange was awkward and Hart clearly attempted to back-peddle, obviously concerned how the one word response could be interpreted.

An article by Esquire breaks down the Twitter reactions, and the viral post has since been shared 25.6K with nearly 100K likes, as well as Cheadle reactions after-the-fact:


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Grimes shares about her Panic Attack following SNL gig with boyfriend Elon Musk

Above:Photo Grimes / Instagram

Singer Grimes made a cameo and was present alongside partner Elon Musk on the recent Saturday Night Live episode. The artist posted photos taken backstage, including with musical guest Miley Cyrus, a few days later, adding that she was recently hospitalized due to a panic attack.

This isn’t the first time Grimes has been open and shared information about her mental health issues, explaining in a 2012 interview she struggled with bad social anxiety and sometimes experienced panic attacks.

Grimes played Princess Peach in a Super Mario type themed sketch. It was also revealed the two went to a crypto-themed after party. Its not exactly clear if social anxiety or other factors played into those situations.

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The artist also posted the following on her Instagram page:

Forgot to post these cuz I somehow caused myself to have a panic attack and went to the hospital yesterday which tbh was quite scary and I suppose it’s a good time to start therapy 😑😑😑. But nonetheless – wowwwww @mileycyrus is good live and so chill! So grateful to the SNL team for being so kind and letting me sneak in as princess peach snd so proud of my beautiful E (which I know will upset the grimes fans so I apologize in advance) but he killed it 

National Alliance on Mental Health

Grimes sharing her struggles only helps to highlight the reality that millions of Americans face daily with mental health issues. The month of May also happens to be mental health awareness month. Now you are not alone. If you are struggling and need support. The NAMI HelpLine can be reached Monday through Friday, 10 a.m.–8 p.m., ET. 1-800-950-NAMI (6264) or info@nami.org

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Trump Crusade against TikTok finally ended by Biden Administration

The plan for TikTok’s American operations to Oracle and Walmart has been delayed, most likely indefinitely. According to WSJ, in a recent court filing, the Biden admin has begun to review whether there are threats to national security as claimed by the Trump administration that would warrant the ban. 

Read more: Trump’s Best Impeachment Defense: “I’m a Buffoon and it was all a Joke”

Representative of ByteDance (TikTok’s owner) and US National security are in discussions regarding data security and preventions on American data being accessed by Chinese government. 

Read more: Clubhouse app: Factions, tribes, safe spaces and flirting collide

“We plan to develop a comprehensive approach to securing U.S. data that addresses the full range of threats we face,” National Security Council spokeswoman Emily Horne said. “This includes the risk posed by Chinese apps and other software that operate in the U.S. In the coming months, we expect to review specific cases in light of a comprehensive understanding of the risks we face.”

The revenge campaigned, couched in some kind of theory that China would use the platform to spy on, or gather and maliciously use the data of, U.S. citizens, was also, in a monumental coincidence, a reaction to K-pop fans sabotaging his campaign rally in Tulsa, OK, by using the platform.

Hilariously, after Trump and the then campaign chair, Brad Parscale, bragged at the projected 19,000 sold-out attendance, the venue was shown in numerous photos and videos as nearly empty. The TikTok mob had ordered thousands of tickets, which were free online, for reserved seats, causing the organizers to assume that the rally would have full attendance.

Read more: What is “Clubhouse” and Why is it The Next Big Thing in Social Media Networks?

Naturally the TikTok gang only wanted to embarrass the campaign and did a fantastic job. In retrospect this was the beginning of the end of Brad Parscale as Trumps main guy and, one could almost say, of Trump’s re-election campaign itself, as things generally went downhill from there.


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Giuliani’s Wacky ‘Drunk Lady’ is at it again: Running for office in Michigan

Carone claims she wants to bring back “conservative values” 

Even if you don’t know the name Mellissa Carone, most that have social media or watched any television will be able to recall the image or the likeness to this woman.   

Read more: Don Jr. gasping for breath on Fox News: Ranting & Raving about Impeachment #2

Back in December of 2020, Carone, almost instantly became a parody when she appeared alongside Rudy Giuliani during an Oversight hearing. Videos from SNL, TikTok and even Amy Schumer popped up, with the main selling point that she appeared drunk, some coining her the “wine lady” or “drunk lady”. 

Read More: Giuliani’s Dripping Head and ‘My Cousin Vinny’ Dominate Fraud Presser in Desperate Sweaty Stammering Mess

Mellissa Carone is making news again, as the 33 year old Republican is reportedly going to run for the 46th District seat, according to a recent filing with Michigan Secretary of State’s office. 

According to Detroit News:

“I am running on election integrity,” Carone said in a Tuesday interview.

Read More: This Wacky and Wacko Viral humor is a Welcome Respite from Reality that Bites

She also criticized Gov. Gretchen Whitmer, Attorney General Dana Nessel and Secretary of State Jocelyn Benson, the state’s three top Democrats. Michigan needs “conservative values” back, Carone said.


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Had too much winning yet? December 14th will be one step closer to Biden’s Inauguration Day

If you like winning, this is your chance to do it, over and over and over…

Never before has a presidential candidate won his election so many times. Never before has a loser found so many ridiculous ways to avoid conceding to the winner. Of course, it is the very fact that a loser has brazenly lied and fabricated nonsense reasons and accusations to contest at every opportunity that has created the possibility for Biden to win, again and again. 

First, Joe Biden won what appeared to be a relatively narrow victory on election day with enough confirmed electoral votes, along with a lead in enough other states to create an impossibility for Trump to get to 270, the margin of votes needed to prevail. 

Next Biden was declared winner in states which had held back in declaring a projected winner. Then the re-counts, court challenges and and final tallies commenced. 

Pennsylvania gave him a win. That was a big win and he became President-elect. Then the Georgia re-count was another time to celebrate his victory. And Arizona, a state he flipped for the first time since 1996, and before that a Republican won there since 1948.

So, get ready everyone, on December 14th there will be another win for Joe Biden. Tired of winning yet? 

In the end Biden will have, barring any absolutely and totally unlikely changes, 306 electoral votes. “A landslide” according to Trump when it was his exact winning number. Of course he did not get more than 80 million popular votes, or vanquish his opponent by more than 6 million. That’s only another unique and first in all history – big big win for Biden.

Trump lost the popular vote by 2.9 million votes in 2016. 

A comet, a meteor shower and a total eclipse of the sun (visible in some parts of the Earth) will all occur on December 14th. It also will be the final deadline for the Electoral College to officially confirm Joe Biden as President-elect. Are the stars, planets and even meteors in our solar system feeling like celebrating?

Florida is the only one of the four most populous states that has, as of yet, already been certified. Early in December was the deadline for the other large ones: California, Texas and New York. None of them were ever in doubt, of course.

Talk of “faithless electors” being put into action by Trump is becoming les and less likely by the day. Not 100% off the table but around 99.9999% not gonna happen. 

I wonder if Trump is tired of losing yet? Gas-up the private jet. Moscow’s waiting. 

Electoral College meets on Dec. 14,  and all states must be certified before that, while any challenges to the results must have been resolved by Dec. 8.


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Taylor Swift’s first ‘Evermore’ video: ‘Willow’, plus her trio of Cats

Above: Photo Collage / Lynxotic

And may it continue, evermore.

Taylor Swift is serving fans holiday gifts left and right.  First, Swift announces a surprise album, “Evermore”, the second one this year and drops it within mere hours and just two days shy of her 31st birthday.  This upcoming album will be Taylor’s 9th album and regarded by singer as “folklore’s sister”.  Followed up with the music video for her first song off the track, “Willow” simultaneously with release. 

Read More: Taylor Swift to release “Evermore” album: Pre-birthday celebration for fans

It’s already obvious Taylor Swift is mega pop star that has garnered multiple Grammy, Billboard, MTV awards and more.  Yet, Taylor being such an animal lover and proclaimed cat lady should also be equally recognized.

December 2020 will be newsworthy for the artist and her holiday card this year puts a proverbial cherry on top. A journalist revealed Taylor’s card and yes it includes the artist’s trio of adorable cats, inspired and named from TV and movie characters: Olivia Benson, Meredith Grey and Benjamin Button.

 As if we need a reason to explain why our pets are held in such high regard, sometimes, more so than our fellow humans.  Especially during the nearly year long pandemic filled with social isolation, our pet(s) appreciate everything we do for them, provide emotional support (even if they don’t know it) and ultimately provide unconditional love. It’s clear why Taylor so proudly put them on display.


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Joe Biden & Kamala Harris are Time’s Person of the Year: Trump Lost Twice

Above: Photo Collage / Time Inc. / Mock up of Der Spiegel Concept

Changing America’s Story and Awarding Trump what he has Earned

On the same day that Joe Biden and Kamala Harris received the “Time’s Person of the Year” designation, jointly, in another of the new twists that Time likes to feature, Trump got his own award from Germany’s ‘Der Spiegel’ magazine: Loser of the year.

While anyone who has been paying attention, noticed that Trump deserved this award most, if not, all the years of his life, this year it is particularly fitting as he earned it with the most lies and potentially, the most alleged indictable crimes.

Featuring Kamala Harris as co-Person of the year is a nice touch, since she is both a woman of color and was attacked in a particularly vicious and personal way by Trump and his Republican minions during the campaign.

Further, the possibility of real partnership to oust a misogynistic and racist foe showed that humility, dignity and compassion for others could actually win against a bully and, with Kamala Harris on the ticket, could demonstrate leadership and leaders, who are not bullies or failed human beings but empathetic and fully functioning people capable of cooperation and teamwork.

For so many, indeed, over 81.2 million, the time was right to join together and take the old saying “nice guys (or gals) finish last” and turn it on its head – This year, the best man & woman won and the world’s biggest a-hole lost big, which, though long-ish, makes for a more apt phrase to sum up 2020, in the presidential race, at any rate.


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Trump Transition Chaos is subject of Obama produced ‘The G Word’: Netflix Comedy

Above: Photo Collage / Lynxotic

Art meets and imitates life squared in new Comedy series inspired by Trump and Produced by the Obamas

Barack and Michelle Obama are producing a sketch comedy series for Netflix inspired by Trump’s 2016 presidential win and transition. The Obamas’ production company “Higher Ground” will bring in U.S. comedian to host the show, which has been titled,  “The G Word with Adam Conover”. Barack and Michelle Obama’s Higher Ground Productions has a multi-year agreement to produce films and series (both scripted and unscripted) for Netflix.

Read More: Barack Obama invokes Navy Seals as way to remove Trump from WH in flashback to Bin Laden Take-down

Click to see “The Fifth Risk
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The streaming series is loosely inspired by the book “The Fifth Risk” by Michael Lewis. Written in 2018 his book is about the narrative of the Trump administration’s botched presidential transition, and takes us into the engine rooms of a government under attack by its leaders through willful ignorance and greed. 

Interestingly, Barack Obama was himself a topic and participated, to some degree, in the transition and it is interesting to imagine what, if any, insight he may have been able to ad to the comedic potential of the subject matter. 

The Federal Government manages a vast array of critical services that are meant to keep us safe and underpin our lives, from ensuring the safety of our food and drugs and predicting extreme weather events to tracking and locating black market uranium before the terrorists do. Trump’s lack of interest or ability in managing the transition, let alone the Government itself, is the basic fodder for the comedic premise.

BoJack Horseman treatment could yield fantastic and funny results

Adam Conover confirmed the news on Twitter; “Very happy to finally be able to share this news: I’m creating a new comedy series for Netflix about the federal government. It’s called The G Word, and I can’t wait to share it with you.”

Conover is known for “Adam Ruins Everything” and “BoJack Horseman” and will use his comedic chops to blend sketch comedy with documentary elements, as the focus of the show is, in normal times, a pretty serious one,  the government.  

Netflix’s press release shared a little more light into what the show will bring to viewers:

”Using fast-paced visual comedy, Conover reveals the profound power and complexity of the U.S. government, introduces viewers to the heroic civil servants who make it work, and takes an incisive satirical look at its shortcomings.”

NETFLIX PRESS RELEASE

Filming is set to begin sometime early 2021, during the same general time as  Barack Obama’s former vice president Joe Biden will be taking office as the 26th President.  


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Barack Obama invokes Navy Seals as way to remove Trump from WH in flashback to Bin Laden Take-down

https://video.twimg.com/amplify_video/1329557828713938946/vid/1280x720/NlpIIPfkdig7KNOx.mp4?tag=13

The former POTUS gave a scathing, hilarious interview on “Jimmy Kimmel Live!”

In Barack Obama’s latest book “A Promised Land” he writes how the Navy Seal team was charged the take-down of Osama Bin Laden.  On the late night show, Jimmy Kimmel Live!”. During an appearance to promote his book, the former President laughed with the host as to what steps might be needed to get Trump out of the White House come January.

Jimmy Kimmel asked the former POTUS if there was “a place somebody could hide in the White House if they knew they were going to be removed” — and Obama jokingly responded, “Well, I think we can send some navy seals in to dig him out,”.

Click to see ” A Promised Land
and help independent bookstores. 
Also available on Amazonand Walmart.

Jimmy also noted that Obama’s new book is 701 pages long, and asked if he had purposely made the book so long so Trump wouldn’t pick up it. Obama made reports that he planned, at least initially to write a 500 page memoir within a years time, then, he instead wrote a whopping 700 pages.  It will now be the first of an anticipated two set volume, as the book ends with the Bin Laden episode in May of 2011.  Watch the video clip above to hear Barak’s response that hilariously roasted the soon-to-be-booted current resident of 1400 Pennsylvania Ave. 

Obama’s book went on sale on Nov. 17, 2020;  the memoir sold 890,000 copies in the U.S. and Canada in the first 24 hours of release, setting a record for publisher Crown, an imprint of Penguin Random House. “A Promised Land” continues to hold steady at #1 on Amazon and as one of the top leading non-fiction bestsellers since its release. 

To read more information Barak Obama’s book and help independent bookstores click the link for “Barak Obama’s book”, also available on Amazon and Walmart.

A Promised Land 

In the stirring, highly anticipated first volume of his presidential memoirs, Barack Obama tells the story of his improbable odyssey from young man searching for his identity to leader of the free world, describing in strikingly personal detail both his political education and the landmark moments of the first term of his historic presidency–a time of dramatic transformation and turmoil.

Obama takes readers on a compelling journey from his earliest political aspirations to the pivotal Iowa caucus victory that demonstrated the power of grassroots activism to the watershed night of November 4, 2008, when he was elected 44th president of the United States, becoming the first African American to hold the nation’s highest office.

Reflecting on the presidency, he offers a unique and thoughtful exploration of both the awesome reach and the limits of presidential power, as well as singular insights into the dynamics of U.S. partisan politics and international diplomacy. Obama brings readers inside the Oval Office and the White House Situation Room, and to Moscow, Cairo, Beijing, and points beyond.

We are privy to his thoughts as he assembles his cabinet, wrestles with a global financial crisis, takes the measure of Vladimir Putin, overcomes seemingly insurmountable odds to secure passage of the Affordable Care Act, clashes with generals about U.S. strategy in Afghanistan, tackles Wall Street reform, responds to the devastating Deepwater Horizon blowout, and authorizes Operation Neptune’s Spear, which leads to the death of Osama bin Laden.

This beautifully written and powerful book captures Barack Obama’s conviction that democracy is not a gift from on high but something founded on empathy and common understanding and built together, day by day.


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Find books on PoliticsSustainable EnergyRacial Equality & Justice and many other topics at our sister site: Cherrybooks on Bookshop.org

Enjoy Lynxotic at Apple News on your iPhone, iPad or Mac.

Lynxotic may receive a small commission based on any purchases made by following links from this page.