Start your day smarter with a dossier on the most important world news, rounded off with a shot of intriguing and offbeat stories. Like the president, you deserve no less.
Nov 10, 2021
Circuit Judge rejects Trump’s attempt to hide behind executive privilege. While President Joe Biden scrambles to fix crippling supply chain issues with limited funds and limited options. Meanwhile, Mark Zuckerberg’s Meta will begin to prevent certain types of targeted ads on its social platforms starting on January 19. Finally, the iconic General Electric splits into three smaller companies, in the hopes of boosting its performance after a long-term slump. All this and more in today’s Presidential Daily Brief.
1 - Judge Trumps Trump
The House investigative committee gains access to Trump’s records
“Presidents are not kings, and Plaintiff is not President,” U.S. District Judge Tanya Chutkan wrote in her decision Tuesday. Ex-President Donald Trump had argued that executive privilege meant that some of his White House communications should be kept confidential even after the end of his term. The House of Representative Select Committee, the investigators of the Jan. 6 riot, has requested a slew of phone records, visitor logs and other documents from Trump’s term that could shed light on the events leading up to the attack on Congress. Chutkan’s decision makes it clear that the National Archives, the federal agency in possession of Trump’s records, should comply with the committee’s request. However, Trump's lawyers' attempt to appeal the ruling may raise novel issues of ex-presidents’ executive privilege. (Sources: BBC, NYT)
2 - Biden’s Chain Game
White House uses infrastructure dollars to counter supply chain woes
Biden spoke with the CEOs of FedEx, UPS, Target and Walmart on Tuesday to discuss possible solutions to supply chain issues that are crippling the nation’s ports. Ships are stalled at docks while shipping volume reaches record levels across the world, due to pandemic recovery. The crisis is fueling rampant inflation, making it more direfor Biden to reach an immediate resolution. His administration announced a plan to use infrastructure dollars to help fix clogged ports. But experts everywhere are saying there is no quick fix for supply chains or inflation, no matter where the allocated funds are coming from. (Source: AP)
3 - Meta Steps In
Facebook’s parent company announces limited ad targeting
Advertisers on social media usually use a method called ad targeting to make sure their content is shown to a certain type of person, or to tailor their content to a person depending on some of their characteristics. Meta, the new conglomerate that owns Instagram, Facebook, WhatsApp and other social media companies, will now limit ad targeting on all its platforms as it relates to sensitive identifying characteristics like political affiliation, religion, sexual orientation, race, and ethnicity. The big move is being made to “address feedback from civil rights experts, policymakers and other stakeholders on the importance of preventing advertisers from abusing the targeting options we make available,” wrote Graham Mudd, Meta VP of product marketing for ads. (Source: Axios)
4 - Bye, G.E.
General Electric Co. splits into three public companies
After over 125 years, the iconic corporation will spin off into three businesses: one focusing on energy, one on healthcare, and one on aviation. GE was once the most valuable U.S. corporation; but in recent years, it has stagnated and struggled, saddled with debt and hefty overhead costs. This move, engineered and overseen by GE Chief Executive Larry Culp, is his boldest attempt yet to simplify the company’s business. He has tried to reduce debt and improve cash flow in his three year tenure, to varying degrees of success. This dramatic move has put GE on track to reduce its debt by more than $75 billion by the end of 2021. “Spins create a lot of value. These are moves geared toward making GE stronger, helping our business and the teams perform better,” said Culp in an interview discussing the three-way split. (Source: Reuters)
5 - Briefly
Here are some things you should know about today:
Pfizer and BioNTech formally request FDA approval for Covid vaccine boosters for all adults. The companies are making the request after a large-scale study showed vaccine efficacy of 95% or higher for people receiving the booster. (Source: NPR) Migrant crisis in Poland. At least 2,000 Belarusian migrants are stranded in the cold struggling to cross the border to Poland. (Source: BBC) Brian Williams leaves NBC. The iconic veteran anchorman will leave NBC News and MSNBC at the end of this year, becoming a free agent. (Source: CNN) COP26 Draft outline calls for sharper carbon cutting targets. In the final days of the U.N. climate summit, a potential accord of nearly 200 nations calls for curbing planet-warming greenhouse gas emissions. (Sources: NYT, BBC).
LISTEN TO THE STORY OF NERA WHITE:
The Forgotten Giant of Women’s Basketball
1 - Packers Pay Up
NFL Fines Green Bay Packers $300,000 For COVID Violations
Following an investigation of COVID protocol violations, the Green Bay Packers organization, Aaron Rodgers, and Allen Lazard have all been fined by the league. The NFL has imposed a $14,650 penalty on Rodgers and Lazard for attending an unsanctioned Halloween party. Unvaccinated players are not allowed to gather in groups of more than three people outside the club facility so they can avoid spreading infection. The fines were announced, nearly a week after Rodgers tested positive due to infection with coronavirus. The team's star player later revealed he wasn't vaccinated after previously stating that was "immunized." Rodgers has doubled-down on his anti-vaccination status since his COVID diagnosis was revealed, citing civil rights leader Martin Luther King Jr. in defense of his stance. As one of the sport’s most recognizable faces, Aaron Rodgers' espousing of misinformation poses challenges to the country’s vaccination campaign. (Sources: ESPN, NYTimes)
2 - Drowning in Debt
US household debt hits a record-high $15 trillion
With home and auto prices on the rise, Americans have been turning to credit cards more often than they ever did before. The Federal Reserve reported that total household debt rose $286 billion in just one quarter - reaching an all time high of $15trillion dollars. As the pandemic continued, many households were able to pay down debt and increase their savings thanks in part from government stimulus checks. The trend towards increased savings and debt reduction during the pandemic has now reversed as consumers rush to spend stockpiled wealth. A bit of good news, the delinquency rates for all debt products have declined and continue to do so. This is largely attributed to lender concessions, as well as legal relief granted on behalf of those who are struggling financially during this pandemic. (Source: CNN)
3 - Twitter Cashes In
Twitter launches new "Twitter Blue" subscription in the U.S.
Originally launched in June, Twitter Blue, the company’s subscription service, is adding new features while expanding to the US and New Zealand, as well as on Android and the web. It's easy to make mistakes on Twitter, but with the new undo button feature, you'll never have any worries about what your tweet will be before sending. Other features included in this initial launch are reader mode for threading and bookmark folder creation; it also allows customization like changing up colors or giving yourself some themes too. The subscription will also include ad-free articles from over 300 news sites, including the Washington Post and The Atlantic. As if that isn't enough already, there is also a new Labs program that allows subscribers to receive early access to the release of new features. (Source: Axios)
4 - Repairing Mindfulness
Scientists say we’re doing mindfulness wrong
Mindfulness can be a very effective tool to help you get through your day. Researchers have determined it requires two principal components: awareness and engagement. However, It can be easy for many of us to remain in awareness--sitting still and observing what comes up for you in this moment; but actually being mindful requires engagement with the world around us. Scientists state that while we may understand the need for awareness, we have a limited potential for engaging with our problems and stressors. “Scientific understanding of mindfulness goes beyond mere stress-relief and requires a willingness to engage with stressors,” Igor Grossmann, co-author of the study and a professor of social psychology at Waterloo, told EurekAlert. The benefits of mindfulness can be felt when you're involved with your experiences. To get the full effect, try looking for ways to respond or solve problems that arise in daily life. (Sources: ScienceAlert, Mic)
5 - “Kid’s Clips”
Netflix’s new release entertains kids
Netflix has launched a new feature that will allow kids to watch short videos from their existing library of children's programming and movies. The Tik-Tok-like feature, “Kid’s Clips'' debuts this week on iOS, with plans in place to add daily updates based on the company's current offerings as well any future ones. Netflix is testing out new features in an effort to reach viewers who might not normally watch its catalog. This latest move follows on the heels of "Fast Laughs," which highlights comedy clips for those looking for short videos online, which was released earlier this year.(Source: Bloomberg)
Grace and Gratitude
As we enter the holiday season, we’d love to hear what you’re grateful for or what makes you smile. We’ll be sharing your thoughts in our Grace and Gratitude Corner.
“Thankfully, I was raised by “old-school” parents. From a very young age my siblings and I were exposed to people, places and cultures that were different from our daily living experiences, many of which were less fortunate than us. The impact that had on us was significant, and has lasted our lifetime. It is hard to be truly grateful for what you have if you don’t have an understanding of other situations. Perspective in my mind is everything.
I believe our current culture of thinking “me first” – my rights – my entitlements – my feelings – is misguided and unhealthy if that is not counterbalanced by the experiences and rights of others. How do you do that if you don’t really (I mean really) understand others?” - Kathy
What do you think? Want to share your thoughts on what makes you grateful this season in a 15-20 second video? Please share your video or email with us at OzyCommunity@Ozy.com.
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