LATEST USRESIST NEWS
By Charles A Rubin
The drama surrounding the wild trading and social media fueled speculation in the shares of stocks GameStop, AMC Entertainment, Bed Bath & and Beyond, Blackberry and other underperforming companies has thrust Wall Street near the top of a crowded list of issues that President Joe Biden’s regulatory team needs to tackle early in its term.
The wild fluctuations in these stocks which played out in the waning days of January revealed a new dynamic of Reddit subgroups, trading apps with no business model for profit and sophisticated social media personalities. There is excitement that the individual investor will be able to reap the benefits that had been only available to savvy and secretive Wall Street types. There is equal concern that we are creating bubbles that will seriously damage our economy when it can least sustain any more shocks.
By Anand Giridharadas
In theory, second chances are a good thing. I mean, we all need them. Many of the ancient religions counsel mercy, and second chances are the natural consequence of that. Situations are not identities. Your worst deed is merely a situation. You should have the chance to become more than that deed, to transcend it.
But as the Trump era fades and a new wave of second-chance-seeking gets under way, I have been wondering: Who gets second chances and who doesn’t, what must you do to get one, and how is that connected to all the people who don’t even get first chances in America?
After President Trump’s acquittal in the Senate, what we’ve known all along was confirmed once again, and flagrantly: that certain people, especially if they are rich and powerful and white and male, enjoy total impunity in American public life. There will be no consequences for Donald Trump. Maybe some prosecutor somewhere will find a spine, but I wouldn’t bet my coffee on it.
Brief #150—Civil Rights
By Rod Maggay
On January 3, 2021 Vice President Michael Pence administered the oath of office to six new senators who had been elected in the November 2020 elections. Additionally, those senators who had won re – election in November were also sworn in. Two days later, elections were held in Georgia for both of Georgia’s Senate seats and a Democrat won each race. Their victories ensured that seats in the U.S. Senate would be equally split between Republicans and Democrats 50 – 50. Kamala Harris’ election as Vice – President gave the Democrats the ability to cast the tie – breaking vote if any vote in the chamber resulted in a tie.
By Kathryn Baron
This week, the Biden Administration issued new guidelines for ICE in attempts to curb arrests and deportations. Anyone unlawfully in the US is still subject to arrest, but ICE will no longer deport immigrants for crimes such as DUIs, simple assault, fraud, tax crimes, solicitation, money laundering and fraud, and charges without convictions. Biden announced he aims to focus more on national security threats and individuals with aggravated felony charges and/or convictions.
Us Resist News Blog
By Sean Gray
Last week’s vote to remove freshman Congresswoman Marjorie Taylor Greene from her committee posts didn’t end the GOP’s problem with her, but underscored it. Many Republicans were no doubt hoping for a return to normalcy after four years of Donald Trump’s chaotic leadership. This was always a pipe dream and the representative from Georgia’s 14th district illustrates that Trump’s presidency may have been unprecedented, and the political movement he inspired has staying power. Greene has no experience in government. She is a half-hearted businesswoman with more bombast than sense. She gained political recognition through the creation and dissemination of absurd conspiracy theories. Sound familiar? If Donald Trump was a symptom rather than the disease, Greene is a next-gen mutation. She can’t inflict the damage Trump did from the Oval Office. But her presence in Congress is a troubling commentary on the state of American politics. And her Republicans colleagues know it.
By Rosalind Gottfried
President Biden seeks to raise the child tax credit to $3600 for children under 6 and to$3000 for school age children under 18. This is up from the current level of $2000 per child. As part of the stimulus, this change would become effective in July and last for one year though many Democrats would like to see the change made permanent. The credit would be available to individuals making $75,000 or less and couples making $150,000 or less. It would be based on income data from 2019 or 2020. To increase the effectiveness of the tax break, families could receive monthly payments of between $250 and $350 to meet their routine bills. Researchers at Columbia University estimate that this measure could reduce the child poverty rate by close to 50%. The proposal gained support with the weak jobs report released last week. The cost of the program would increase the federal deficit by 120 billion dollars.