Good Afternoon! Here are the latest headlines from today’s front pages relating to legislative developments in Britain and America, the Fed’s signaling of monetary ease until at least 2023, the United States government’s potential complicity in war crimes in Yemen, and reports of massive flooding from Hurricane Sally in the Southeast. As always, the headlines are brought to us by Newseum:
Politico, Published in Arlington, VA
President Trump has called on Republicans in Congress to “go for higher numbers” when it comes to the size of their coronavirus relief package. This came as welcome news for House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, both of whom stated in a joint press release that “We look forward to hearing from the President’s negotiators that they will finally meet us halfway.” In the Senate, however, Republicans fear that any bill with a larger price tag than the roughly trillion dollar package they unveiled at the end of July will cause support from their fiscally conservative colleagues to crumble. “If the number gets too high, anything that got passed in the Senate will be passed mostly with Democrat votes and a handful of Republicans so it’s gonna have to stay within a realistic range if we want to maximize, optimize the number of Republican senators that will vote for it,” said Senate Majority Whip John Thune (R-S.D.).
The Guardian, Published in London, UK
Prime Minister Boris Johnson has agreed to amending the controversial internal market bill - which apparently violates the Northern Ireland Protocol Britain agreed to with the EU in January - in order to head off a revolt within his own party. The bill as amended now puts the discretion of invoking it into the hands of Parliament. The Labour opposition have stated that the proposed amendments in fact worsen the bill as it appears to restrict any legal challenge to it. The bill grants Parliament unilateral powers to ensure that trade and regulatory rules are consistent throughout the UK, including in Northern Ireland, regardless of the existing agreement in place to ensure that a hard border between Northern Ireland and the Republic of Ireland does not occur as a result of Brexit (that is, the Northern Ireland Protocol). Already, the French are pushing the EU to take legal action against the United Kingdom.
The Wall Street Journal, Published in New York, NY
The Federal Reserve has signalled that it will keep interest rates near zero for the next year and will likely continue to keep them there until 2023. The new criteria for determining a rate increase will be unemployment rates reaching pre-Covid levels and/or an inflation rate reaching 2% “and is on track to moderately exceed 2% for some time.” The Federal Reserve manipulates interest rates to control the flow of credit, lowering them to encourage lending during economic downturns and raising them to head off inflation when the economy is booming.
The New York Times, Published in New York, NY
The State Department’s legal office concluded in 2016 that America’s military and political leadership could be charged with war crimes for the government’s sale of bombs and other armaments to Saudi Arabia and its allies, the use of which has caused countless civilian deaths in their ongoing war in Yemen. Rather than attempt to address these legal issues, the government has attempted to cover-up and conceal these concerns not only from the public but from Congressional leaders with security clearances.
A protester carries a sign laying the blame for a bus bombing that killed 40 children in Yemen in 2018 on defense contractor Lockheed Martin
The Washington Post, Published in Washington, D.C.
During the early hours of Wednesday, Hurricane Sally went from an 80 mph Category 1 storm to a 105 mph Category 2 storm before making landfall at 5:45 a.m. Now, half a million Floridians and Alabamians have lost power and “historic and catastrophic flooding” has occurred. “Twenty four to 36 hours ago it was nothing but rain nuisance in all of our minds. But what a difference 24 hours makes,” said Mayor Tony Kennon of the small-town of Orange Beach, Alabama.
Satellite imagery of a hurricane (Hurricane Florence, 2018)
Protester, courtesy of Wikimedia
Hurricane, courtesy of Wikimedia
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