Odds and Ends — 8 March 2023


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Cryptocurrency, Investing, Money, Economy, Business, and Debt:

GBTC Discount Narrows to Lowest Level Since November Following Court Hearing

The three-judge panel appeared skeptical of the SEC’s reasoning for denying conversion of the trust to an ETF.

Anti-ESG comes for the insurance industry

The coming EV batteries will sweep away fossil fuel transport, with or without net zero

The Argonne National Laboratory in the US has essentially cracked the battery technology for electric vehicles, discovering a way to raise the future driving range of standard EVs to a thousand miles or more. It promises to do so cheaply without exhausting the global supply of critical minerals in the process.

Well, doing it in a lab setting and scaling it for the masses are two very different things. If this can scale, cool.

FTC Wants Elon Musk’s Internal Communications

The Federal Trade Commission has demanded Twitter turn over internal communications related to owner Elon Musk and detailed information about layoffs and other business decisions as part of a wide-ranging investigation into the company.

Coronavirus News, Analysis, and Opinion:

U.S. to lift covid testing requirements on travelers from China

Viral memes listing COVID-19 topics about which authorities were allegedly “wrong” rehash debunked misinformation

Politics:

Tucker Carlson’s Jan. 6 Footage Dump Delivers The Sloppy Propaganda Kevin McCarthy Wanted

Kevin McCarthy’s Dirty Deal With Tucker Carlson Plays Out Exactly As Planned

Trump Promises a Second Term of Spite

Donald Trump has for decades trafficked in the language of vengeance, from his days as a New York developer vowing “an eye for an eye” in the real estate business to ticking through an enemies ledger in 2022 as he sought to oust every last Republican who voted for his impeachment.
But even though payback has long been part of his public persona, Mr. Trump’s speech on Saturday at the Conservative Political Action Conference was striking for how explicitly he signaled that any return trip to the White House would amount to a term of spite.

Pro-Ukrainian Group Sabotaged Pipelines?

New intelligence reviewed by U.S. officials suggests that a pro-Ukrainian group carried out the attack on the Nord Stream pipelines last year, a step toward determining responsibility for an act of sabotage that has confounded investigators on both sides of the Atlantic for months.

Good luck selling that explanation. The U.S. absolving the U.S. is quite convenient.

Gang Members Hold Positions at ‘Highest Levels’ of LA Sheriff’s Department, Investigation Reveals

The report identifies at “least a half dozen” active gangs and cliques — and names them: the Executioners, the Banditos, the Regulators, the Spartans, the Gladiators, the Cowboys, and the Reapers.
These groups pose a threat to the general public — deputies hoping to prove themselves worthy of gang membership routinely seek out violent encounters with the public, the investigation reports — as well as to the internal command-and-control structure of LASD. The gangs “undermine supervision, destroy public trust, are discriminatory, disruptive, and act contrary to … professional policing,” the report concludes.

Plunge in Border Crossings Could Blunt GOP Attack

A sharp drop in illegal border crossings since December could blunt a Republican point of attack against President Joe Biden as the Democratic leader moves to reshape a broken asylum system that has dogged him and his predecessors.

House Preparing for Possible Debt Ceiling Default

The House Ways and Means Committee is soon taking up a bill that would require the government to keep making certain payments if it breaches the debt ceiling.
Per a notice sent to committee members reviewed by Semafor, the panel will be marking up a three-page bill from Rep. Tom McClintock, R-Calif., that would authorize the Treasury Department to continue making interest payments on the national debt in the event of a default.

Um, (A) wouldn’t this be DOA in the Senate, (B) hasn’t the Treasury said that it’s logistically impossible given their ancient software, and (C) what incentive would Biden have to give into blackmail and sign such a bill?

Serendipity:

The Cameroonian migrants stranded on an island they had not heard of

Neo-Nazi cyberattacks on the rise: DHS “very concerned” about power grid

Is Remote Work Causing a Baby Boom?

In the past half century, Americans have had fewer and fewer babies with almost every passing decade; in 2020, the U.S. reported the lowest official fertility rate on record. But last year, statisticians observed a surprising baby bump. Researchers weren’t entirely sure what had happened. Maybe this was random noise. Maybe, like so many pandemic effects, it was a weird one-off phenomenon.
A new paper puts forth a fascinating theory: Maybe remote work is making it easier for couples to become parents—and for parents to have more children.

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Image by Markus Spiske from Pixabay

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I think my only source of Drumph news these days are the gems you pick from mainstream media and include in your daily report. Much better than dominating the news with embarrassing tirades and stupidity as in years past.

Thanks yet again for distilling and presenting!