Cut to the News
Cut through the clutter to today's top news
September 16, 2020
Good morning
Welcome to today's top news.
Leading the News . . .
FTC considering antitrust lawsuit against Facebook . . . The Federal Trade Commission is gearing up to file a possible antitrust lawsuit against Facebook Inc. FB 2.36% by year-end, according to people familiar with the matter, in a case that would challenge the company’s dominant position in social media. The case preparations come after the FTC has spent more than a year investigating concerns that Facebook has been using
its powerful market position to stifle competition, part of a broader effort by U.S. antitrust authorities to examine the conduct of a handful of dominant tech companies. No final decision has been made on whether to sue Facebook, people familiar with the matter said, and the commission doesn’t always bring cases even when it is making preparations to do so, such as when it decided against filing an antitrust complaint against Google Inc. in 2013 after a lengthy investigation. Wall Street Journal
The United States has monopolies of the kinds we may never have seen before. Google, Amazon, Facebook . . . these are all well run companies that have earned their success. But they stifle competition and worse, free speech. If we believe in at least some minor limits to capitalism in the form of preventing monopolies and vast corporations that dismantle the online soapboxes we all have a right to, then antitrust action must be taken.
Trump: Vaccine could arrive in as little as three weeks . . . It could be three weeks before there’s a COVID-19 vaccine, the president announced at a town hall hosted by ABC in Pennsylvania on Tuesday.
President Trump told voters at the event in Philadelphia at the National Constitution Center that the previous administration would have taken years to produce a vaccine for the pandemic. “Could be three weeks, four weeks,” he told ABC’s George Stephanopoulos. “We think we have it.” Washington Times
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Biden's laid-back schedule contrasts with that of Trump . . . 2020 Democratic presidential nominee Joe Biden is doing little to dispel the "Sleepy Joe" nickname bestowed upon him by President Trump some 50-odd days before the election. Every four years, Labor Day traditionally marks the start of a fierce fall fight for the White House, when campaigns crisscross the country for rallies and fundraisers, ramp up their
get-out-the-vote efforts, and dole out millions of dollars for ads in states where they hope to leave a deeper footprint. But this cycle continues to defy convention thanks to the coronavirus pandemic. While Trump has already notched up two multistate days in the week since Labor Day, Biden's team sent his dedicated bunch of pool reporters home three times before 10:30 a.m. EDT because it hadn't planned any public events for the two-term vice president. Washington Examiner
Video || "The Harris administration": Kamala tells the truth . . . Of course! You think she’s going to let Joe Biden run this thing? Do you think he can? With greater access to the Democrats’ left-wing base than Biden, she will have enormous leverage in the White House. A huge staff, active participation in all decisions. I guarantee it. White House Dossier
Pelosi vows to keep House in session until there is a Covid relief bill . . . Speaker Nancy Pelosi on Tuesday vowed to keep the House in session until a deal is reached on COVID relief — after her own Democrats blocked a $650 billion package offered by Senate Minority Leader Mitch McConnell. Pressure is mounting on lawmakers to pass desperately needed relief for American families, including another round of $1,200 checks, with 60 million
people filing jobless claims during the COVID-19 pandemic. New York Post
See? I told you this was going to happen. It's all been posturing.
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Chinese firm that provides intel to government collects data on 50K Americans . . . A Chinese software firm that allegedly provides intelligence to the Chinese government has been collecting data from Americans - including prominent public figures and military leaders - since 2017. Shenzhen Zhenhua Data Technology has gathered online data and social media on more than two million people worldwide including that of 50,000
Americans for the suspected purpose of providing intelligence to Chinese military, government and commercial clients, according to Australian cybersecurity consultancy Internet 2.0. Daily Mail
Great. Now Xi Jinping knows I buy Eight O'Clock Coffee.
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Trump hosts signing of deals between Israel and two Arab nations . . . President Trump declared the “dawn of a new Middle East” as he oversaw the signing of pacts between Israel and two Arab nations, an event he hopes will pave the way for increased stability in a volatile region and cast him as a peacemaker ahead of November’s election. Hundreds of diplomats, lawmakers, and officials gathered on the South Lawn of the White House
on Tuesday afternoon to witness the normalizing of relations between Israel, Bahrain, and the United Arab Emirates — the first time in more than 25 years that Arab nations have signed agreements with Israel.
However, Palestinian officials have denounced the so-called Abraham Accords as a stab in the back by fellow Arab nations. Washington Examiner
Hollywood director Apatow: China has bought Hollywoods' silence . . . Director Judd Apatow told MSNBC on Tuesday that China has "bought" the silence of Hollywood. "Instead of us doing business with China and that leading to China becoming more free, what has happened is a place
like China has bought our silence with their money," Apatow said. "They have just completely shut down critical content about human-rights abuses in China." Apatow is an award-winning director famous for his role in creating smash comedy hits such as Superbad, Talladega Nights, Anchorman, and Step Brothers. Washington Free Beacon
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Rates expected to stay near zero . . . Federal Reserve officials, who recently unveiled a more relaxed strategy on inflation, have an opportunity Wednesday to back up the plan with details as they look to accelerate the U.S. economic recovery. The Federal Open Market Committee is all but certain to keep its benchmark overnight rate in a target range of 0% to 0.25%, where it’s been since March 15 to help soften the Covid-19
pandemic’s blow. The committee, in its final scheduled meeting before the U.S. election on Nov. 3, will release a statement and economic forecasts at 2 p.m. Washington time. Officials are expected to project rates staying near zero though 2023, reinforcing the message delivered by Powell in late August that they will delay tightening policy to achieve inflation that averages 2% over time. Bloomberg
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Hurricane Sally hits landfall on Gulf Coast with devastating effect . . . Hurricane Sally made landfall early Wednesday along Alabama's Gulf Coast as a drenching, Category 2 storm amid warnings of historic, life-threatening flooding. Strong winds continued to batter the coast as Sally inched inland from Gulf Shores, Alabama, about 30 miles west of the Florida border. Stacy Stewart, a senior specialist with the National
Hurricane Center, said the slow-moving storm could dump up to 35 inches of rain in some areas. "Historic and catastrophic flooding is unfolding," Stewart said. Sally was crawling along at about 3 mph, soaking everything her path while blasting sustained winds of 105 mph. Almost 400,000 homes and businesses were without power in Alabama and Florida. Those numbers were expected to rise as Sally moved deeper inland. USA Today
BLM founder said capitalism must be abolished . . . Capitalism must be abolished in order for black lives to matter, Alicia Garza, a co-founder of Black Lives Matter, said at a conference in 2015. Black Lives Matter has experienced a resurgence of support in 2020 following the May 25
death of George Floyd. Celebrities and large corporations have poured millions of dollars into Black Lives Matter Global Network — BLM’s national arm — and other organizations that support defunding the police. “It’s not possible for a
world to emerge where black lives matter if it’s under capitalism,” Garza said in 2015 at the left-wing convention Left Forum. “And it’s not possible to abolish capitalism without a struggle against national oppression and gender oppression,” she added. Daily Caller
Baltimore murder suspects protected by sanctuary laws . . . Two illegal immigrants suspected in two MS-13 gang-related killings in Baltimore had been in police custody before but set free in defiance of deportation requests from ICE, allowing them to be out on the streets at
the time of the slayings, the federal agency said Tuesday. Two teenage girls were killed in the May and June attacks. Two other teens suffered stab wounds. Six people have been charged, and at least three of them are illegal immigrants who reached the U.S. during the Central American migrant surge in 2016. Washington Times
Louisville agrees to $12 million settlement in Breonna Taylor shooting . . . The city of Louisville has agreed to pay Breonna Taylor's family a record-breaking $12 million in a wrongful death lawsuit as the slain black EMT's mother continued calls for the officers involved to
be charged. The settlement, which brings an end to the wrongful death lawsuit that Taylor's mother Tamika Palmer filed against the city and its police department back in April, is the largest amount the city has ever paid. At a press conference on Tuesday announcing the settlement, Taylor's mother pushed for charges against the officers involved in the shooting. Daily Mail
Young people in New York know little about the Holocaust . . . Nearly 20 percent of Millennials and Gen Z in New York believe the Jews caused the Holocaust, according to a new survey released on Wednesday. The findings come from the first ever 50-state survey on the Holocaust
knowledge of American Millennials and Gen Z, which was commissioned by the Conference on Jewish Material Claims Against Germany. For instance, although there were more than 40,000 camps and ghettos during World War II, 58 percent of respondents in New York cannot name a single one. Additionally, 60 percent of respondents in New York do not know that six million Jews were killed during the Holocaust. New York Post
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Tyrannosaurus rex is for sale . . . The dinosaur known as “STAN,”, approximately 67 million years old, was discovered in 1987 in South Dakota by amateur paleontologist Stan Sacrison. Most T. rex skeletons are held by museums and private institutions. The auction is an opportunity for a private collector or institution to acquire the bones, Christie’s said.
STAN is 40 feet long and 13 feet high, Christie’s said. He is also notable for two fused vertebrae scientists have identified in his neck, suggesting the dinosaur broke his neck and survived during his lifetime. “The clue is in the name, the Tyrannosaurus rex,” Hyslop said. “He is the tyrant lizard king.” Reuters
Kosher crisis hits as rabbis forced to inspect Chinese plants virtually . . . In an ordinary year, Rabbi David Moskowitz would have spent the weeks before Rosh Hashanah, the holiday that celebrates the start of the Jewish New Year, working in China. For more than a decade, the native
of New York’s Rockland County has run Shatz Kosher Services, which verifies that ingredients made in Chinese factories don’t contain pork or otherwise violate Jewish dietary laws. Late summer is usually a busy season, with companies gearing up to make products for Passover the following spring. Rosh Hashanah starts on Sept. 18, but Moskowitz hasn’t been to China in months. The Chinese government closed its borders to most foreigners early in the Covid-19 pandemic, and the
53-year-old is in Ashdod, an Israeli city about 20 miles south of Tel Aviv. From there, he tries to do his job via videoconferences linked to cameras at Chinese factories showing him everything from the office to the factory floor to the warehouse. Bloomberg
Kosher food is made in China? Oy vey.
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Keith
Keith Koffler
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