Tag Archives for " New York "

U.S. judge finds Cohen target of retaliation, releases from …

July 23 (Reuters) – U.S. President Donald Trump’s former lawyer Michael Cohen was ordered released from prison and will return to home confinement on Friday after a federal judge found he was a target of retaliation for planning to publish a book about the president.

Cohen was sent home from prison in May because of the coronavirus pandemic.

He was shackled again on July 9 after he questioned an agreement that barred him from publishing his book, engaging with news organizations and posting on social media. Judge Alvin Hellerstein said he had never in his 21 years on the bench seen a provision barring a prisoner from speaking to the media. “How can I take any other inference but that it was retaliatory?”

Cohen has been in solitary confinement in a federal prison in Otisville, New York, about 70 miles (110 km) northwest of New York City.

Source: U.S. judge finds Cohen target of retaliation, releases from …

Today’s Top Stories: May 7, 2020

Today’s Top Stories is brought to you by My Daily Grind News.

The Lede

Schumer, Pelosi set to unveil ‘Rooseveltian’ relief package

Editorial: They are right. Something very big and bold needs to be done, as economists are warning that 40 percent of the lost jobs thus far (33 million) will be permanent.

That signals, at least to me, that they expect a HUGE decline in GDP. And it’s not going to stop when the “economy re-opens.”

A. We’re going to get a second wave of infections.

B. Many people won’t go back to normal even when businesses open back up. I know I won’t be.

Schumer on Thursday said the fiscally cautious approach now being taken by Republicans like McConnell and House Minority Leader Kevin McCarthy (Calif.) reminded him of President Hoover’s response to the 1929 stock market crash and the onset of the Great Depression.

“The people like McConnell and McCarthy and even [President] Trump who say, ‘Let’s wait and do nothing,’ well, they remind me of the old Herbert Hoovers. We had the Great Depression — Hoover said let’s just wait it out. It got worse and worse,” Schumer said.

Hoover famously, and wrongly, predicted a rapid economic recovery in 1930. Instead, the Great Depression lasted until 1939.

Schumer said the better course of action is to follow in the footsteps of President Franklin Roosevelt, who oversaw the largest expansion of the federal government and is credited by many historians with helping to end the Great Depression.


Coronavirus update:

3,781,896 confirmed infections, up from 3,691,683 yesterday.
264,602 confirmed deaths, up from 258,256 yesterday.

US stats:

  • 1,231,943 confirmed infections, up from 1,206,886 yesterday.
  • 73,566 confirmed deaths, up from 71,220 yesterday.
May 7, 2020 COVID-19 pandemic map
Source

Relevant COVID-19 stories:


Politics:

Biden can’t shrug off Tara Reade allegation – Left bucks Biden over Reade allegation

Relevant Politics stories:


Economy Update:

Editorial: 3.17 million more jobs lost last week, bringing the total to about 33 million since the shutdown.

The Dow is up about 300 points, still in the high 23k range.

May 7, 2020 DJIA stock chart
Source

Upcoming economic reports this week:

  • Tuesday – Trade deficit – $44.4 billion (March), slightly up from $39.8 billion in February.
  • Wednesday – ADP employment report – down 20.2 million jobs. It’s even worse than this report suggests. This is a lagging indicator. Wait until next month…
  • Thursday – Jobless claims – another 3.17 million down, productivity – down 2.5 percent (bright side: estimates were at 5.5 percent down)
  • Friday – Unemployment rate – expect the unexpected

Source: https://www.marketwatch.com/tools/calendars/economic

Relevant Economy stories:

Learn how to turn your hobbies into hustles – check out Gig Economics.


Offbeat Story of the Day:

Axl Rose, Steven Mnuchin and the pandemic Twitter feud no one saw coming

The Guns N’ Roses frontman called Mnuchin an expletive, prompting the treasury secretary to respond, “What have you done for the country lately?”

But just when it seemed like things couldn’t possibly get any weirder, Wednesday night rolled around with a Twitter feud no one could have anticipated: Guns N’ Roses frontman Axl Rose vs. Treasury Secretary Steven Mnuchin.

Axl Rose and Steven Mnuchin are apparently fighting on Twitter. I don’t think anyone saw that one coming.

— Jeffrey Goldberg (@JeffreyGoldberg) May 7, 2020

Rose threw down the gauntlet shortly before 6:30 p.m. Wednesday when he hopped on his seldom-used Twitter account and declared to his 1.2 million followers, without context, “Whatever anyone may have previously thought of Steve Mnuchin he’s officially an a–hole.”

“It’s official!” tweeted the rock star, who is a prominent critic of President Trump.

Then, in a move that prompted collective surprise, Mnuchin hit back.

“What have you done for the country lately?” he tweeted, tacking what appeared to be an emoji of the United States flag to the end of his response.

Upon closer examination, however, eagle-eyed social media users noticed that Mnuchin had actually used an icon of the flag of Liberia, which is nearly identical to the American flag except instead of 50 stars it has only one. The original tweet was deleted and replaced with one using the correct flag, but not before numerous images had been taken.

The flag mix-up didn’t escape Rose’s attention either.

“My bad I didn’t get we’re hoping 2 emulate Liberia’s economic model,” Rose tweeted sarcastically, before revealing what prompted him to go after Mnuchin in the first place.

“But on the real unlike this admin I’m not responsible for 70k+ deaths n’ unlike u I don’t hold a fed gov position of responsibility 2 the American people n’ go on TV tellin them 2 travel the US during a pandemic,” he wrote.

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Majority of new COVID-19 hospitalizations in New York are people who stayed at home

Majority of new COVID-19 hospitalizations in New York are people who stayed at home 1It underscores the need for people to double-down on protecting themselves and their families, the governor said.

The vast majority of New Yorkers still walking into hospitals with COVID-19 have been sheltering at home and avoiding mass transit. Very few were even traveling on foot or in their own cars on a daily basis, according to a survey of new patients from over 100 hospitals across the state over a three-day span. Of those surveyed, 66% were at home before entering the hospital.

Gov. Andrew Cuomo, who presented the preliminary findings on Wednesday, said they underscore the need for people to double-down on protecting themselves and their families with things like masks, hand washing and staying away from the most vulnerable.

“We were thinking that maybe we were going to find a higher percentage of essential employees were getting sick because they were going to work. That this maybe was nurses, doctors, transit workers—that’s not the case,” Cuomo said. Some 83% of new patients are out of work or retired, and aren’t even leaving their home on a daily basis.

“This is a surprise. Overwhelmingly, the people were at home,” he added.

Source: Majority of new COVID-19 hospitalizations in New York are people who stayed at home

Today’s Top Stories: April 16, 2020

Today’s Top Stories is brought to you by My Daily Grind News.

Make sure to read the “Feelgood Story of the Day” below.

Coronavirus update:

2,081,969 confirmed infections, up from 2,000,984 yesterday.
138,487 confirmed deaths, up from 128,071 yesterday.

April 16, 2020 COVID-19 pandemic map

Relevant COVID-19 stories:


Economy Update:

Another 5.245 million filed for unemployment last week, bringing the total to 22 million unemployed.

This means that all the jobs created in the past 11 years have vanished.

Yes, ALL the jobs created since the Great Recession have been lost.

Today's Top Stories: April 16, 2020 2
https://www.thestreet.com/quote/djia/dow-jones-industrial-average-today.html

Dow is fluctuating, beginning the day down around 300 and down about 200 as this goes to press, to the low 23k range.

Upcoming economic reports this week:

  • Wednesday – retail sales. This will be BAD. It was BAD – down 8.7 percent for March 2020.
  • Wednesday – business inventories. Down 0.4 percent.
  • Wednesday – homebuilders’ index and housing starts. April 2020: 30. March 2020: 72.
  • Thursday – weekly jobless claims. Will we have another new record? No. But another 5.245 million people lost their jobs last week.
  • Friday – Leading Economic Indicators (LEI). Wait for it…

Source: https://www.marketwatch.com/tools/calendars/economic

Relevant Economy stories:

Learn how to turn your hobbies into hustles – check out Gig Economics.


Politics

Elizabeth Warren said “Yes!” when asked if she’d accept Joe Biden’s invitation to be his running mate.

She got a little ahead of the story since Joe Biden hasn’t actually asked her yet.

He may. He’s already committed to nominating a woman.

Relevant Politics stories:


Feelgood Story of the Day:

Michael Che honors his late grandmother by covering rent for 160 public housing units

(CNN) Michael Che wants to honor his late grandmother who died after contracting the coronavirus. The “Saturday Night Live” star took to Instagram on Wednesday to announce that he plans to pay one month’s rent for all of the individuals living in his grandmother’s public housing complex. “It’s crazy to me that residents of public housing are still expected to pay their rent when so many New Yorkers can’t even work,” Che wrote in the post. “Obviously I cant offer much help by myself. But in the spirit and memory of my late grandmother, I’m paying one month’s rent for all 160 apartments in the NYCHA building she lived in.”


Offbeat Story of the Day:

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Woman Busted Over “TikTok” Fight With Galpal | The Smoking Gun

APRIL 15–Like many quarantined twentysomethings, a Florida Woman and her girlfriend were passing the day online yesterday when a “verbal altercation” over TikTok videos allegedly turned violent, leading to a domestic battery arrest.

According to cops, Ashley Stupi, 23, slapped her 24-year-old girlfriend “with open hands” during a scuffle Tuesday afternoon in the victim’s St. Petersburg apartment. The victim, cops reported, sustained “minor scratches on her arms and legs.”


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Michael Che honors his late grandmother by covering rent for 160 public housing units

Michael Che honors his late grandmother by covering rent for 160 public housing units 3(CNN)Michael Che wants to honor his late grandmother who died after contracting the coronavirus.

The “Saturday Night Live” star took to Instagram on Wednesday to announce that he plans to pay one month’s rent for all of the individuals living in his grandmother’s public housing complex.
“It’s crazy to me that residents of public housing are still expected to pay their rent when so many New Yorkers can’t even work,” Che wrote in the post. “Obviously I cant offer much help by myself. But in the spirit and memory of my late grandmother, I’m paying one month’s rent for all 160 apartments in the NYCHA building she lived in.”
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