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Monday, July 11, 2022

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Elon Musk Withdraws Bid for Twitter Forcing Possible Trial

CBS: Elon Musk says he’s withdrawing from his $44 billion deal to buy Twitter, throwing the social media company’s immediate future into doubt. In a securities filing Friday, Musk accused Twitter of lying about the number of bots and spam accounts on the platform, as well as failing to provide material he asked for. That includes detailed data on the number of bot and spam accounts on Twitter, the company’s methodology for calculating user numbers and backup materials detailing its financial valuation (CBS). Twitter Chairman Bret Taylor: The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery (Twitter). Townhall: Musk agreed to pay Twitter $1 billion in the event he terminates his decision in the short-form merger agreement. However, due to the “specific performance” in the long-form merger plan, it says that “if you try to back out of this, we can take you to court in Delaware, and the court will force you to buy the company at the agreed price.” Axios noted that Musk could alternatively pay Twitter a larger fee to be released from his obligation to buy the company (Townhall).

Overall Trust in Institutions Continues to Sharply Decline

Gallup: Americans are less confident in major U.S. institutions than they were a year ago, with significant declines for 11 of the 16 institutions tested and no improvements for any. The largest declines in confidence are 11 percentage points for the Supreme Court — as reported in late June before the court issued controversial rulings on gun laws and abortion — and 15 points for the presidency, matching the 15-point drop in President Joe Biden’s job approval rating since the last confidence survey in June 2021… This year’s poll marks new lows in confidence for all three branches of the federal government — the Supreme Court (25%), the presidency (23%) and Congress. Five other institutions are at their lowest points in at least three decades of measurement, including the church or organized religion (31%), newspapers (16%), the criminal justice system (14%), big business (14%) and the police (Gallup). Axios: Television news is today considered the second-least trusted institution in the country, following Congress, according to the poll. The trust fall in the news media been driven mostly by Republicans. Just 5% of Republicans said they had “a great deal or quite a lot of confidence” in newspapers, compared to 35% of Democrats. Only 8% of Republicans said they had “a great deal or quite a lot of confidence” in TV news, compared to 20% of Democrats. Independents’ views are generally closer to Republicans’ (Axios). Hugh Hewitt: I believe this. The first question is: Why? Second: How to repair (Twitter)?

AOC Mocked for Supporting Supreme Court Justice Intimidation Via Twitter

Washington Examiner: Rep. Alexandria Ocasio-Cortez (D-NY) received major pushback on social media for a post she made mocking Supreme Court Justice Brett Kavanaugh. Kavanaugh was dining at Morton’s The Steakhouse in downtown Washington on Wednesday night when a group of abortion rights protesters was tipped off on his location, forcing him to exit the restaurant through a back door (Washington Examiner). Joe Concha: A sitting lawmaker advocates harassment of a sitting Supreme Court Justice just weeks after a man was charged with attempted murder of said Justice (Twitter). Tom Fitton: @AOC, a Marxist politician, supports illegal intimidation of Supreme Court justices because she is angry that states are once again able to protect the right to life of unborn human beings (Twitter). The White House remains unwilling to denounce the acts of intimidation (Twitter).

Teen Vogue Publishes Abortion Guide for Young, Impressionable Girls

Townhall: Teen Vogue is glamorizing abortions for young girls, giving them incite on how to get the procedure done following the Supreme Court’s decision to overturn Roe v. Wade. Titled “How to Get an Abortion If You’re a Teen After Roe v. Wade Was Overturned,” contributor Lauren Rankin provided a detailed guide for how minors can “navigate abortion restrictions as a teenager,” and mostly without their parents ever knowing (Townhall). Teen Vogue: If you aren’t comfortable telling a parent about your decision to have an abortion, you can seek what’s called a “judicial bypass” in one of the many states that has this system. Judicial bypass allows you to go directly before a judge and get approval from that judge to have an abortion, rather than having consent from your parents. Yes, it’s paternalistic and unfair that you literally have to get permission from someone else to choose what to do with your body, but it is an option for legal abortion. Contact a clinic in that state, tell them you’re a minor and need help with judicial bypass, and they can help connect you to an organization, like Jane’s Due Process, that represents young people pro bono in judicial bypass hearings to access abortion care. If you are traveling to the state where you will get your abortion for the judicial bypass, this can add extra time and money to the process. Abortion funds may be able to help you (Teen Vogue).

US Officials Chastise China for Supporting Russia’s War Thus Furthering Tensions Between the Two Nations

ABC: China’s support for Russia’s war in Ukraine is complicating U.S.-Chinese relations at a time when they are already beset by rifts and enmity over numerous other issues, U.S. Secretary of State Antony Blinken told his Chinese counterpart on Saturday. Chinese Foreign Minister Wang Yi blamed the U.S. for the downturn in relations and said that American policy has been derailed by what he called a misperception of China as a threat. “Many people believe that the United States is suffering from a China-phobia,” he said, according to a Chinese statement. “If such threat-expansion is allowed to grow, U.S. policy toward China will be a dead end with no way out.” In five hours of talks in their first-to-face meeting since October, Blinken said he expressed deep concern about China’s stance on Russia’s actions in Ukraine and did not believe Beijing’s protestations that it is neutral in the conflict. The talks had been arranged in a new effort to try to rein in or at least manage rampant hostility that has come to define recent relations between Washington and Beijing (ABC). Wall Street Journal: The Biden administration wants to ensure that China, which this year signed a broad cooperation agreement with Russia amid talk of a “no limits” partnership, doesn’t lend Moscow support in the Ukraine war. China has cast itself as neutral on the war, but Chinese diplomats have repeatedly said Russia’s concerns over the expansion of the North Atlantic Treaty Organization are legitimate and said that Western powers, the U.S. in particular, are to blame for pushing Moscow into a corner… According to a readout from China’s Foreign Ministry, Mr. Wang told Mr. Blinken that if the U.S. wanted to avoid conflict, it needs to stop interfering in China’s internal affairs and refrain from harming China’s interests in the name of human rights. He also took aim at what he described as rampant Sinophobia in Washington (Wall Street Journal).

Military Moves to Cut Pay, Benefits to Reservists and National Guardsmen Who Remain Unvaccinated

Fox News: Roughly 57,000 Army National Guardsmen and Army Reservists who have yet to get vaccinated against the coronavirus will be barred from their duties, effectively cutting their pay and benefits an Army official confirmed for Fox News Digital. “Beginning July 1, 2022, members of the Army National Guard and U.S. Army Reserve who have refused the lawful DOD COVID-19 vaccination order without an approved or pending exemption may not participate in federally funded drills and training and will not receive pay or retirement credit,” the Army said in a July 1 release. Secretary of Defense Lloyd Austin in November said that members of the Army National Guard and the Air National Guard who refused to get vaccinated would be barred from participating in trainings and their pay would be blocked. Austin also warned that the continued refusal to get vaccinated could result in “separation” or expulsion from the service (Fox News). New York Post: About 13 percent of National Guardsmen and 12 percent of Reservists were unvaccinated the day after the deadline passed. Army officials are hoping to change the minds of those resistant to the vaccine. “We’re going to give every soldier every opportunity to get vaccinated and continue their military career,” Director of the Army Guard, Lt. Gen. Jon Jensen, said in a statement to Military.com. “We’re not giving up on anybody until the separation paperwork is signed and completed.” As of Friday, 1,148 active-duty soldiers have been removed from the Army for failing to comply with the vaccine mandate, according to Military.com (New York Post).

Governor Chris Sununu Predicts Recession is Approaching, Suggests Firing Treasury Secretary for Misleading Americans

Daily Wire: New Hampshire Governor Chris Sununu (R) predicted that a recession is coming and blasted Treasury Secretary Janet Yellen, claiming “she’s completely misled America” and should be fired. Sununu made the remarks during an interview on CNN’s “State of the Union” on Sunday. “A recession is coming. You cannot add $5 trillion to America’s balance sheet and just hope it goes away. The recession is coming. The Fed, I think, has known this for a while. They’ve kind of ignored it,” the governor told CNN host Jake Tapper (Daily Wire). CNN: “I would fire the treasury secretary. I think she’s completely misled America …” @GovChrisSununu of New Hampshire tells CNN’s @jaketapper about his issues with how the Federal Reserve has dealt with a possible recession on the horizon (Twitter). Hill: It comes as a new poll shows a majority of Americans believe a recession is already here – and a whopping 96 percent said they feel at least some impact from decades-high inflation jacking up the cost of living across the country (Hill).

Shinzo Abe’s Assassination Leads to Landslide Victory for His Party in Parliament

CNN: Police in Japan have launched a murder investigation into the assassination of former Japanese prime minister Shinzo Abe — but little is known about the suspect who was arrested at the scene of the fatal shooting on Friday. Abe, 67, was pronounced dead by doctors at the Nara Medical University Hospital, at 5:03 p.m local time on Friday, just over five hours after being shot while delivering a campaign speech in front of a small crowd on a street. Tetsuya Yamagami, 41, has admitted to shooting Abe, Nara Nishi police said during a news conference on Friday (CNN). Axios: Japan’s ruling coalition won a sweeping supermajority in the country’s parliamentary elections on Sunday, which would enable it to fulfill former Prime Minister Shinzo Abe’s enduring ambition to reform the country’s pacifist constitution. Why it matters: The elections were held two days after Abe’s shocking assassination at a campaign stop geared toward winning the parliament’s upper house. Abe resigned from his post as prime minister in 2020 — to be succeeded by current Prime Minister Fumio Kishida — but remained an influential figure in the two leaders’ shared Liberal Democratic Party. The big picture: The Liberal Democratic Party and its coalition partners won 87 seats in Sunday’s election, surpassing the 70 needed to form a supermajority (Axios).

Holland Grocery Store Shelves Are Empty Due to Farmers’ Protest

ABC: Bales of hay lie burning along Dutch highways. Supermarket shelves stand empty because distribution centers are blocked by farmers. Then, at dusk, a police officer pulls his pistol and shoots at a tractor. Dutch farmers are embroiled in a summer of discontent that shows no sign of abating. Their target? Government plans to rein in emissions of nitrogen oxide and ammonia that they say threatens to wreck their agricultural way of life and put them out of business. The reduction targets could radically alter the Netherlands’ lucrative agriculture sector, which is known for its intensive farming, and may also foreshadow similar reforms — and protests — in other European nations whose farmers also pump out pollutants (ABC). Eva Vlaadingerbroek: They’re still out protesting. And for your listeners, they’re protesting because our government is trying to take their land away. They’re actually now enforcing new regulations that are not even based in an actual law that will expropriate our farmers of their property, their land, by 2030 for about 30%. Meaning that most of them will go completely out of business. And the Dutch farming industry is a very lucrative industry. We’re the second largest exporter in the world after America. And we’re only a very tiny country. So, imagine, this is their livelihood. These farmers have family businesses that have existed for centuries, and they’re now being robbed of it by our government, and they have nothing to say against it (Daybreak Daily).

10.

White House Attempts to Spin Biden’s Latest Teleprompter Gaffe

Townhall: You won’t believe your ears, and according to the White House they don’t want you to. After President Joe Biden misread the teleprompter, White House assistant press secretary Emilie Simons attempted damage control in defending Biden’s word blunder. During a White House event, Biden was reading the teleprompter and instead of following the instructions that read “End of quote. Repeat the line,” Biden actually read that line word for word (Townhall). Deputy Press Secretary Emilie Simons: No. He said, “let me repeat that line” (Twitter).

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