Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Washington D.C. in June will be tension city – here’s why

Published

on

Inflation at home, with no ceiling reached.  Gas prices at record levels. Infant formula in short supply. Interest rates and mortgages up.  Mass shootings and mass funerals across the country. War in Ukraine abroad, with no end in sight.  Russia grinds eastern Ukraine into the dust. No peace talks.

Just when you think it cannot get more tense in Washington, think again.  June will see the biggest earthquakes in Washington since Trump’s forces attacked the Capitol in January 2021.

The capital will indeed become Tension City.

Gun control

“Do something!” is shouted at the President on the road and at Members of Congress when they go home to see their constituents.  The horrific massacres in Buffalo, New York and Uvalde, Texas have finally prompted the first serious talks in years among key Senators on gun legislation. The rampage continues:  six people were killed in Tennessee and Pennsylvania over the weekend. 

The late Charlton Heston, the former actor and head of the National Rifle Association, addresses gun owners during a “get-out-the-vote” rally in New Hampshire.
  •  The key proposals under negotiation are very modest, reflecting how hard it is to pass gun control legislation given the immense pressures wielded by the National Rifle Association.  If there is an agreement, it will likely only cover changes to the background check system, additional funding for mental health and school security, and encouragement for states to establish “red flag” laws.
  • What is not on the table would be a national law to raise the age to 21 for purchase of assault weapons. Expert analysis has shown that raising the age limit, more background checks, requirements for safe storage of guns and banning high-capacity magazines could have limited what happened in 25 shootings that killed over 400 people in the past several years.

What is at stake, beyond the specifics of any legislation, is whether Congress can act – can do something, anything, sensible – in the face of these horrific tragedies that have shaken the country from coast to coast. 

Abortion rights

Just a month ago was the stunning leak of the draft Supreme Court opinion to reverse the landmark case of Roe v Wade, removing any constitutional protection for a woman’s right to obtain abortion services.  

A pro-abortion demonstrator holds up a clothes hanger during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, U.S. May 3, 2022. REUTERS/Elizabeth Frantz
  • In its wake, demonstrations flooded the steps of the Supreme Court building and state capitals across the country.  
  • Several state legislatures moved to enact more restrictions on abortion, including Oklahoma, which has now passed a total ban on abortion from the moment of conception, except to save the life of the mother or in cases of rape or incest.  Other states said they would open their borders to women needing abortion services.  Canada said it would welcome women from the United States seeking abortions.
  • The Senate refused to pass legislation that would override any Supreme Court decision and protect for all women in the United States access to abortion services.

The final Supreme Court ruling will be issued this month.  Everyone will see if it mirrors the leaked opinion or if there is some retreat from the severe decree.  Whatever the Court says will trigger further attempts in Congress and state legislatures to legislate on abortion.  

The January 6 Committee goes public

This Thursday night in Washington (Friday morning here), the Select Committee to Investigate the January 6th Attack on the United States Capitol will hold an unprecedented prime time public hearing on what the Committee has found about the plot to overturn the 2020 presidential election.  

JAN 6 RIOTS (PIC: ABC News)
  • There will be wall-to-wall cable and network TV coverage. Advance previews lead to words like “explosive” and “blockbuster.” Rep. Lynn Cheney, Republican of Wyoming, when asked if she believed the attack on the Capitol was a conspiracy said: “I do. It is extremely broad. It’s extremely well-organized. It’s really chilling.” And she added:

“You know, we are not in a situation where former President Trump has expressed any sense of remorse about what happened. We are in fact in a situation where he continues to use even more extreme language, frankly, than the language that caused the attack. And so, people must pay attention. People must watch, and they must understand how easily our democratic system can unravel if we don’t defend it.”

  • America’s democracy and what former President Trump tried to do to undercut it will be under the television lights.

All these tensions will ripple through the political system and the campaigns for the midterm elections in Congress that will decide which party will control Congress next year.  

Who will win or lose from the bitter divisions over guns, abortion and the future of America’s democracy?  

President Biden and the White House, and both parties in Congress know that the future of their policies, programs and agendas hinges on how these issues play out from June to November – in Tension City and across the country.

Bruce Wolpe is a Ticker News US political contributor. He’s a Senior Fellow at the US Studies Centre and has worked with Democrats in Congress during President Barack Obama's first term, and on the staff of Prime Minister Julia Gillard. He has also served as the former PM's chief of staff.

News

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

on

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Download the Ticker app

Continue Reading

News

Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

on

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#FederalReserve #InterestRates #Economy


Download the Ticker app

Continue Reading

News

Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

on

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy


Download the Ticker app

Continue Reading

Trending Now