13
   

Monitoring Biden and other Contemporary Events

 
 
hightor
 
  1  
Reply Fri 5 Feb, 2021 03:26 am
Quote:
(...) President Joe Biden has hit the ground running, establishing a momentum that looks much like that of Democratic President Franklin Delano Roosevelt in 1933. Roosevelt had behind him stronger majorities than Biden’s, but both took office facing economic crises—and, in Biden’s case, a pandemic as well, along with the climate crisis--and set out immediately to address them.

Like FDR, Biden has established the direction of his administration through executive actions: he is just behind FDR’s cracking pace. Biden arrived in the Oval Office with a sheaf of carefully crafted executive actions that put in place policies that voters wanted: spurring job creation, feeding children, rejoining the World Health Organization, pursuing tax cheats, ending the transgender ban in the military, and reestablishing ties to the nation’s traditional allies. Once Biden had a Democratic Senate as well as a House—those two Georgia Senate seats were huge—he was free to ask for a big relief package for those suffering in the pandemic, and now even Senator Joe Manchin (D-WV), who had expressed concern about the package, seems to be on board.

FDR’s momentum increased in part because the Republicans were discredited after the collapse of the economy and as Republican leaders turned up as corrupt. Biden’s momentum, too, is likely gathering steam as the Republicans are increasingly tainted by their association with the January 6 insurrection and the attack on the Capitol, along with the behavior of those who continue to support the former president.

The former president’s own behavior is not helping to polish his image. In their response to the House impeachment brief, Trump’s lawyers made the mistake of focusing not on whether the Senate can try a former president but on what Trump did and did not do. That, of course, makes Trump a witness, and today Jamie Raskin (D-MD), the lead impeachment manager, asked him to testify.

Trumps’ lawyers promptly refused but, evidently anticipating his refusal, Raskin had noted in the invitation that “if you decline this invitation, we reserve any and all rights, including the right to establish at trial that your refusal to testify supports a strong adverse inference regarding your actions (and inaction) on January 6, 2021.” In other words: “Despite his lawyers’ rhetoric, any official accused of inciting armed violence against the government of the United States should welcome the chance to testify openly and honestly—that is, if the official had a defense."

The lack of defense seems to be mounting. This morning, Jason Stanley of Just Security called attention to the film shown at the January 6 rally just after Trump’s lawyer Rudy Giuliani spoke. Stanley explained how it was an explicitly fascist film, designed to show the former president as a strong fascist leader promising to protect Americans against those who are undermining the country: the Jews. Stanley also pointed out that, according to the New York Times, the rally was “a White House production” and that Trump was deeply involved with the details.

Trump’s supporters are not cutting a good figure, either. Today, by a vote of 230-199, the House of Representatives voted to strip new Georgia Representative Marjorie Taylor Greene (R-GA) of her assignments to the Budget Committee and the Education and Labor Committee. It did so after reviewing social media posts in which she embraced political violence and conspiracy theories. This leaves Greene with little to do but to continue to try to gin up media attention and to raise money.

House Minority Leader Kevin McCarthy (R-CA) had declined to take action against Greene—although in 2019 he stripped assignments from Steve King (R-IA) for racist comments-- and only eleven Republicans joined the majority. The Republican Party is increasingly associated with the Trump wing, and that association will undoubtedly grow as Democrats press it in advertisements, as they have already begun to do.

McConnell has called for the party’s extremists to be purged out of concern that voters are turning away from the party. Still, the struggle between the two factions might be hard to keep out of the news as the Senate turns to confirmation hearings for Biden’s nominee to head the Department of Justice, Merrick Garland.

Going forward, the attorney general will be responsible for overseeing any prosecutions that come from the attempt to overturn the election, and the Senate Judiciary Committee, which will question Garland, has on it three Republican senators involved in that attempt. Lindsey Graham (R-SC) has been accused by Georgia Secretary of State Brad Raffensperger of calling before Trump did to get him to alter the state’s vote count. Senators Ted Cruz (R-TX) and Josh Hawley (R-MO) both joined in challenging the counting of the electoral votes.

It is hard to imagine the other senators at the hearing will not bring the three compromised senators into the discussion. The Republicans have so far refused to schedule Garland’s hearing, although now that the Senate is organized under the Democrats, it will happen soon.

Trump Republicans are betting the former president’s endorsement will win them office in the future. But with social media platforms cracking down on his disinformation, his ability to reach voters is not at all what it used to be, making it easier for members of the other faction to jump ship.

In addition, those echoing Trump’s lies are getting hit in their wallets. Today, the voting systems company Smartmatic sued the Fox News Channel and its personalities Maria Bartiromo, Lou Dobbs, and Jeanine Pirro, along with Giuliani and Trump’s legal advisor Sidney Powell, for at least $2.7 billion in damages for lying about Smartmatic machines in their attempt to overturn the election results.

Republicans rejecting the Trump takeover of the party are increasingly outspoken. Not only has Romney called for a measure that echoes Biden’s emphasis on supporting children and families, but also Senator Ben Sasse (R-NE) today released a video attacking the leaders of his state’s Republican Party after hearing that they planned to censure him for speaking out against the former president.

“If that president were a Democrat, we both know how you’d respond. But, because he had ‘Republican’ behind his name, you’re defending him,” Sasse said. “Something has definitely changed over the last four years … but it’s not me.”

substack
oralloy
 
  5  
Reply Fri 5 Feb, 2021 04:49 pm
@Walter Hinteler,
Walter Hinteler wrote:
In his first foreign policy speech, President Biden proclaimed a return to old values. But after four years of Trump, the question remains: has the world long since come to terms without the USA?

If the world would like to fend off Russia and China on their own without our help, let us know so we can bring all our troops home.
0 Replies
 
oralloy
 
  4  
Reply Fri 5 Feb, 2021 04:50 pm
@hightor,
substack wrote:
President Joe Biden has hit the ground running, establishing a momentum that looks much like that of Democratic President Franklin Delano Roosevelt in 1933.

Goodness. Talk about delusion.

Reconciliation can only be used a limited number of times. And only on issues that impact the budget.
hightor
 
  0  
Reply Fri 5 Feb, 2021 07:32 pm
@oralloy,
Quote:
Talk about delusion.

The word you're looking for is "enthusiasm". If the policies subsequently fail badly it might be termed "delusion" but at this point the president is just issuing executive orders, memoranda, notices, and determinations.
Quote:
Reconciliation can only be used a limited number of times. And only on issues that impact the budget.

Do you really doubt that the Democratic leadership knows how budget reconciliation works?
oralloy
 
  5  
Reply Fri 5 Feb, 2021 07:42 pm
@hightor,
We can call it delusion now. Mr. Biden has zero chance of passing as much legislation as FDR did.

I hadn't given much thought to the Democratic leadership's level of knowledge.
MontereyJack
 
  -3  
Reply Fri 5 Feb, 2021 08:01 pm
@oralloy,
IS THERE ANYBODY WHO WOULD ACTUALLY STILL BUY A PILLOW FROM MIKE LINDELL?
oralloy
 
  6  
Reply Fri 5 Feb, 2021 08:11 pm
@MontereyJack,
I've never done so to this point, but I'm now considering it for the first time.

I'm sure the 40% of the country who support Mr. Trump are delighted to buy from him.

I suspect that independents have no objection to him and will still be willing to buy if they like his product.
Rebelofnj
 
  -2  
Reply Fri 5 Feb, 2021 08:49 pm
@MontereyJack,
Those are way overpriced. I could buy 3 higher quality pillows at Bed Bath & Beyond for the price of one MyPillow, or 5 adequate pillows from Wal-Mart.

0 Replies
 
MontereyJack
 
  -2  
Reply Fri 5 Feb, 2021 09:12 pm
@oralloy,
Independents are figured into the total approving/disapproving. A 60% hit in business is a death knell for most businesses. Get your pillow at BB&B., Or Target for that matter. Another crappy tv huckster bites the self-inflicted dust. Toss and turn restlessly all night, oral.
0 Replies
 
MontereyJack
 
  0  
Reply Fri 5 Feb, 2021 09:19 pm
@oralloy,
70% support Biden's stimulus package. He's not going to pay any price for it. Good straw in the wind about how folks are leaning. They're leaning left
0 Replies
 
revelette3
 
  -1  
Reply Sat 6 Feb, 2021 09:13 am
Quote:
On impeachment, Republican senators are misinterpreting the Constitution

Forty-five Republican senators recently ignored the original meaning of the impeachment clauses of the Constitution to avoid offending a former but still powerful president. Their fig leaf is the weak claim that impeachment trials of former presidents are unconstitutional. As self-proclaimed constitutionalists, they should know better.

The constitutional text is simple and straightforward: “Judgement in Cases of Impeachment shall not extend further than to removal from Office, and disqualification to hold and enjoy any Office of honor, Trust or Profit under the United States” (Art. I, § 3, cl. 7). In short, the harshest punishment the Senate may impose on an impeached and convicted president is removal from office and disqualification from any future office. Disqualification alone obviously does not “extend further than” the punishment limit set by the Constitution, because it is only one punishment when the Constitution authorizes the imposition of two at once.

Suppose you tell your child, “You may not play with anyone except John and Jane.” It would be silly to read this instruction to mean, “You must play with both John and Jane,” and even sillier, “If John can’t play, you can’t play with Jane, either.” Yet, this is the interpretation most Senate Republicans are forcing onto the Constitution, insisting that it requires the Senate to remove a president before it may disqualify him from future office.

This is not what the framers wrote. The text plainly states that the harshest punishment the Senate may impose is the combination of removal and disqualification. This leaves the Senate free to impose the lesser punishment of one or the other.

This commonsense understanding of removal and disqualification was held by the framers and others when the Constitution was adopted in the late 1780s. Alexander Hamilton declared in The Federalist that the Constitution’s model for impeachment was the impeachment procedure followed by the British Parliament in Great Britain (no. 65). Keith Whittington, professor of politics at Princeton and one of the leading original-meaning scholars in the U.S., recently pointed out that “Parliament impeached only two men during the 18th century, both former officers.” What’s more, “no U.S. state constitution limited impeachments to sitting officers, and some allowed impeachment only of former officers.”

The Senate applied this understanding in the impeachment trials of two former federal officers. In 1797 — less than a decade after the Constitution was ratified — the Senate held an impeachment trial for former Sen. William Blount despite having already expelled him from the Senate. (He was acquitted because a majority thought impeachment the wrong remedy.) In 1876, the Senate held an impeachment trial for former Secretary of War William Belknap despite his having resigned before the process even began. (A majority of the Senate voted to convict but fell short of the required two-thirds.)

The former president is accused of violating his constitutional oath to “preserve, protect, and defend the Constitution of the United States” (Art. II, § 1, cl. 8), by subverting a lawful election with baseless claims of fraud, and then inciting an insurrection that interrupted the counting of electoral votes and threatened Congress and his own vice president.

Senators also swear an oath, to “support and defend the Constitution of the United States against all enemies, foreign and domestic” and to “bear true faith and allegiance” to the Constitution.” Oaths of office remain sacred, which is why presidents, vice presidents and members of Congress swear them on holy scriptures and vow to fulfill them, “So help me God.”

The problem for Republican senators is that the former president remains a power within their party and is already plotting the demise of those who have crossed him. This problem is not a challenge to the Constitution, but to Republican courage and integrity. Republican senators are acting out of political self-interest, not constitutional commitment, when they hide behind a weak interpretation of the Constitution that contradicts its original meaning.

If Republican senators are to truly honor their oaths of office, they will set their reelection prospects aside and adhere to the Constitution’s plain meaning, by honestly judging whether the former president deserves to be disqualified from future office.


https://www.msn.com/en-us/news/politics/on-impeachment-republican-senators-are-misinterpreting-the-constitution/ar-BB1dqJ9u?ocid=msedgdhp
neptuneblue
 
  -4  
Reply Sat 6 Feb, 2021 10:12 am
How the US Plans To Capture the EV Market

Electric vehicle sales seem to be growing by the minute in the US. Although they still only have a tiny corner of the auto market cornered, astronomical valuations of industry leaders like Tesla offer a glimpse at the potential of a virtually nascent market. In order to bring costs down even further to entice consumers, the US has plans to amplify battery production on its home soil over the next decade. With global competitors miles ahead, does the US have the technology, or more importantly the resources, to gain ground in the EV battery market?

The global EV battery market today

We are all familiar with consumer electronics and the batteries used to power them. In the past two decades, lithium-ion battery production has increased end over end each year, particularly due to increased production of electric vehicles. Currently, nearly all battery manufacturing comes out of Asia, particularly China. According to the WSJ, China alone currently controls 75% of all lithium-ion battery cell manufacturing. Even manufacturers headquartered in Japan or South Korea like Panasonic and SK Innovation respectively, still manufacture a large number of their batteries in China due to less restrictions.

Manufacturing is just one element toward overall production of the batteries required to power the ever-growing fleet of EVs worldwide. The United States appears to be rallying funds and recruiting manufacturers to join the race, but will it be enough?

EV battery market

The US is going all-in on EV battery production

Yes, China currently dominates the market for producing the batteries crucial to EVs. However, as electric vehicle production continues to grow stateside, investors are searching for companies with goals to expand the manufacturing of batteries and their related materials on home turf.

In his short tenure so far, President Biden has made a dynamic effort in policies concerning clean energy and climate change. The 46th President’s Build Back Better plan calls for hefty investments in federal R&D. More specifically, President Biden’s website has proposed increased federal procurement by $400 billion in his first term. The goal is to purchase and implement key clean energy inputs like batteries, with the goal of positioning the US as the world’s clean energy leader.

This is a refreshing change of pace from the previous administration, but the President can only use his reach to help magnify and accelerate the effort. He cannot do it alone. That’s where the two hemispheres of American business appear to be working together to achieve this goal, in a sense. This includes EV battery startups in the public sector and established manufacturers in the private sector.

Startups paving their way in the US EV battery market

The main focus on the push toward battery manufacturing in the US is countering the country’s current reliance on China. Industry executives and lawmakers alike believe that to remain competitive in EV production, lithium-ion batteries must be produced domestically alongside the EVs themselves. This process would help lower the costs of EVs and make them even more appealing to consumers.

Wall Street believes this too, as it has recently backed battery startups in going public. Analysts are quite optimistic that EV sales have nowhere to go but up in the next decade. These startups include silicon valley based Sila Nanotechnologies Inc., which just raised $590 million in new wall street funding. Romeo Power went public last year and is developing lithium-ion battery technologies out of California. Meanwhile, Lithium Americas Corp. is based in Canada but also operates in the US. This startup recently sold $400 million worth of stock in a public offering in order to finance a new lithium project in Nevada. Wonder if any other automakers are working on batteries in Nevada?

Most of the funding for these startups is going toward factory construction and streamlined battery manufacturing processes. However, while these tremendous rounds of public funding are encouraging to the future of a US EV battery market, small companies lack the battery resources required to scale toward genuine competitiveness.

EV battery startup market

Large battery conglomerates have joined the push

Luckily, the Davids of battery start-ups have found a Goliath in multi-national battery manufacturing conglomerates. South Korean companies like LG Chem and SK innovations have expanded factories to US soil to aid in EV expansion and hopefully gain a share of the prospective profits. In addition to the immense output of batteries to keep up with the growing demand from Tesla, LG Chem is erecting a factory in Ohio. This is to support a joint venture it is pursuing with General Motors.

Speaking of Tesla, the American automaker continues to develop its own batteries in the US while still obtaining as many battery cells its foreign suppliers can provide. While the world’s most valuable automaker by market cap continues to collaborate with other manufacturers, producing more of its vehicle’s components in-house will significantly shorten its supply chain. Furthermore, Tesla as well as the manufacturers above, continue to innovate and implement new battery technologies to increase battery cell capacity. This will in turn help increase efficiency, decrease production expenses, and consequently lower the cost of electric vehicles for all.

This is again easier said than done. Tesla, LG Chem, and Sila are all making great strides in battery production in the United States, but geographically speaking, the country is at a huge handicap when it comes to raw materials.

Obstacles the US will face in battery production

As the EV battery market currently sits, China is the clear front runner followed by other Asian countries like South Korea and Japan. In order for the United States to have any shot at competing, it must accomplish two major tasks to ensure maximum profits. First, battery manufacturers based in the States must push innovations to maximize battery cell capacity and production output. The moves from both private and public sectors as well as the backing by the commander in chief should aid in that process.

The second major task and realistically the most difficult obstacle looming is the supply chain of raw materials to produce the batteries themselves. North America as a whole has long relied on imports to supply the components of technologies such as batteries. This includes elements like nickel, lithium, graphite, and cobalt to name a few. Such materials are critical for both the anodes and cathodes needed to generate a battery’s current.

That’s again where China already has the upper hand. In addition to manufacturing a majority of the world’s batteries, its land is also an abundant source for many of the minerals and other materials required in the battery process. Other continents like Australia and South America can refine these components as well, but they remain quite logistically distant from North America and thus add unwelcome slack to the supply chain.

How the US can overcome its EV battery woes

So perhaps the US finds a way to start refining materials like cobalt in North America (we’re looking at you Canada) Alternatively, it must creatively pivot its approach battery technologies to eliminate its dependency on foreign supplies. For example, Sila Nanotechnologies has honed in on developing silicon-based anodes as opposed to using traditional graphite. The company’s executives say these anodes are actually capable of storing more energy than ones used in today’s batteries.

An Australian-based company called Novonix Ltd. has US roots with a factory in Chattanooga, Tennessee. That is where it produces synthetic graphite for anodes. In fact, the company already has a contract to sell 500 tons of synthetic graphite to battery maker Samsung SDI Co.

These are two small companies thinking outside the box, and they need to scale and scale quickly. That is certainly what they plan to do; public funding and large contracts will help expedite the process. However, the US-based battery manufacturers as a whole must work toward creative innovation and material alternatives in order to have a fighting chance. It will be the US’ focus on battery capacity, a shortened supply chain, and innovate alternatives to battery materials that will help gain a foothold in the market.

https://electrek.co/2021/02/05/how-the-us-plans-to-capture-the-ev-battery-market/
0 Replies
 
neptuneblue
 
  -4  
Reply Sat 6 Feb, 2021 10:20 am
Ford ‘is pulling a GM’ with its bet on electric vehicles, and Wall Street applauds
Last Updated: Feb. 6, 2021 at 8:12 a.m. ET
First Published: Feb. 5, 2021 at 11:51 a.m. ET
By Claudia Assis

Ford is nearly doubling its investment in electric and autonomous vehicles

Ford Motor Co. stock rose on Friday, with Wall Street overlooking a quarterly loss of nearly $3 billion and a sales miss to focus on the auto maker’s plans to invest more in electric and self-driving cars.

Ford F, +1.23% late Thursday reported a wider fourth-quarter loss and quarterly sales that were below Wall Street expectations, but it unveiled a brighter first-quarter outlook and said it would nearly double its investments in electric and autonomous vehicles.

“We were very encouraged” by these, Emmanuel Rosner with Deutsche Bank said in his note Friday.

The company’s operating performance in the second half of 2020 and the 2021 guidance “suggest to us the company may be turning a corner with its profitability and cash generation, benefiting from new and refreshed products, strong pricing and mix, and global cost reductions and efficiencies,” he said.

Ford’s plan to invest in EVs and self-driving cars rose to $29 billion, including $22 billion for EVs through 2025. That shows that Chief Executive Jim Farley “is truly accelerating the company’s transformation towards an electrified and connected future.”

Read: Electric vehicles will make up a bigger slice of U.S. retail auto sales, Edmunds says

Ford is taking “bolder and more decisive action on EV (and AV),” Joseph Spak at RBC Capital said in his note. Ford “is ‘pulling a GM’ and stepping up the investment. This is absolutely necessary.”

Ford’s valuation of about $45 billion has been eclipsed by Tesla Inc.’s TSLA, +0.26% $800 billion and General Motors Co.’s GM, +0.52% $79 billion. Tesla, of course, only makes electric vehicles, and GM has pledged to do the same by 2035 and become a carbon-neutral company by 2040.

One unifying concern with Ford, however, was news that the production of the new F-150 pickup truck, the No. 1 vehicle sold in the U.S. for decades running and one the company’s crown jewels, was being hampered by a chip shortage. The company temporarily has cut back on factory shifts.

Ford guided for a 2021 adjusted earnings before interest and taxes around $7.1 billion and $8.1 billion, which was “decent” considering the chip shortage, Adam Jonas of Morgan Stanley said in a note.

Shares of Ford have earned 40% in the past 12 months, compared with gains around 17% for the S&P 500 index. SPX, +0.39%

https://www.marketwatch.com/story/ford-is-pulling-a-gm-with-its-bet-on-electric-vehicles-and-wall-street-applauds-11612543890
neptuneblue
 
  -3  
Reply Sat 6 Feb, 2021 10:25 am
Indonesia, world’s biggest nickel producer, says it received an investment proposal from Tesla
PUBLISHED THU, FEB 4 202111:28 PM EST

KEY POINTS
Indonesia has received an investment proposal from U.S. electric vehicle (EV) maker Tesla, the country’s deputy head for investment and mining coordination, Septian Hario Seto, told reporters on Friday.

Indonesia is the world’s biggest nickel producer, a material crucial for EV batteries, and has been publicly wooing Tesla to invest in the country to help develop its ambitious EV and battery industry plans.

Septian said he could not give details of the proposal due to a non-disclosure agreement, but said that the focus of their discussions had been on batteries and energy storage solutions.

Indonesia has received an investment proposal from U.S. electric vehicle (EV) maker Tesla, the country’s deputy head for investment and mining coordination, Septian Hario Seto, told reporters on Friday.

Indonesia is the world’s biggest nickel producer, a material crucial for EV batteries, and has been publicly wooing Tesla to invest in the country to help develop its ambitious EV and battery industry plans.

“I received their proposal yesterday morning ... next week we will meet them (virtually) to get an official explanation,” Septian said.

Septian said he could not give details of the proposal due to a non-disclosure agreement, but said that the focus of their discussions had been on batteries and energy storage solutions.

“If they only want to buy raw materials, we are not interested. This (proposal) is beyond just taking the raw material,” he added.

Once the top exporter of nickel, Indonesia stopped nickel shipments last year, in an effort to develop a full nickel supply chain, starting from extraction, then processing into metals and chemicals used in batteries, to meet the demand for EVs.

Tesla said last year it was looking to find reliable sources of nickel globally after warning the current cost of batteries remained a hurdle to its growth.

https://www.cnbc.com/2021/02/05/indonesia-received-an-investment-proposal-from-tesla-official-says.html
0 Replies
 
Below viewing threshold (view)
oralloy
 
  6  
Reply Sat 6 Feb, 2021 10:33 am
@neptuneblue,
Most electricity that powers electric cars comes from burning coal.
neptuneblue
 
  -4  
Reply Sat 6 Feb, 2021 10:36 am
@oralloy,
The point of all this is, is to forgo dependence on such fossil fuels as crude oil or coal and find alternative methods for power.
oralloy
 
  5  
Reply Sat 6 Feb, 2021 10:38 am
@neptuneblue,
Transitioning to coal-fueled electric cars is not an effective way to transition away from fossil fuels.
Below viewing threshold (view)
oralloy
 
  6  
Reply Sat 6 Feb, 2021 10:43 am
@revelette3,
Quote:
On impeachment, Republican senators are misinterpreting the Constitution

That's an interesting accusation considering that the Democrats are abusing their power to wage frivolous impeachments against innocent people who merely disagree with them.
0 Replies
 
 

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