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Beltway Media spreads misinformation about debt limit

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As TNR member Kojo Koram informed Last September, a study by the Tax Justice Network found that “the three most aggressive corporate tax havens in the world are all British Overseas Territories” – the British Virgin Islands, Bermuda and the Cayman Islands. “These tax havens are often portrayed in the media as strange foreign havens for dirty money,” writes Coram, “but they are all run by a British governor who represents the Crown, has the final say in the laws, and presides over the Queen’s birthday celebration each year in a manner that which resurrects the era of the old British West Indies.” It is this royal glitz that allows these tax havens to “present themselves as part of the long history of English financial and legal expertise, rather than just dirty secret money dens.”

The bottom line, Noah writes, is that while the monarchy may be a “ridiculous anachronism” as an institution of government, “as a form of capitalism, it is cutting edge,” largely because the royal family “accumulates wealth in the same way that it governs.” – without doing anything. And even on top of all that money kept in secret accounts and making money beyond themselves, the royals get another annual catch in the form of the taxpayer-funded Sovereign Grant, which in 2022 exceeded $107 million.

And while he may have the means, I’m not sure Charles actually has the charisma to be a transformational leader or long-awaited climate savior Sally Quinn. Julie Burchill writing for TNR in 1993 described Charles as “a terrible hybrid of American garrulous self-pity, German pomposity and Scandinavian introspection. Knowing full well that he doesn’t have anything like a first-class mind, he has sunk into a kind of constant nagging restlessness that stupid people think makes them seem “profound”. But being dissatisfied and being thoughtful are not the same thing.”

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Top 10 most difficult and simple words in beekeeping, May 13-19

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Here are the meanings of the least found words used in recent Times articles:

1. gondola – a streamlined body containing an engine or other equipment:

At its factory in Denmark, which produces gondolas, cameras at the top of the turbines, security measures are visible, especially in the dining room. — As much of the global economy has slowed down, green energy is gaining momentum (June 30, 2020)

2. pinniped – fat-legged predators with fins, such as seals, sea lions and walruses:

The reluctant animal commander received military training. pinniped named Claggart (J.K. Simmons), who is injured when his mission to restore the mine goes awry. — Seal Team review: no pun intended (December 30, 2021)

3. candela – a unit of luminous intensity, included in the International System of Units:

And the beating heart, the second, is the most important in the constellation of standard measurements controlled by the BIPM, along with the meter (length), kilogram (mass), kelvin (temperature), candela (light intensity), ampere (electric current) and mole (amount of substance). — Time elapsed for leap second (November 14, 2022)

4. clade – a group of animals with a common origin:

The researchers also found that most species of spotted skunks can be divided into two groups. clade, three of which come from the east and three from the west. — Meet the spotted skunks. They keep a secret from us. (September 1, 2021)

5. hymn – a song or other work full of praise or gratitude:

My mom loves to joke with me about how, at 6 years old, I played her old Don McLean record, American Pie, and stuck a needle on Vincent, McLean’s mournful song. hymn to the fickleness of Vincent van Gogh. — Black men don’t do therapy. Or so I thought. (May 18, 2023)

6. automata – self-acting devices or machines:

For Descartes, this reflex behavior suggested that animalsautomata, essentially mindless machines that lacked the subjective experience of a conscious self. — I can’t stop wondering what’s going on in my cat’s head (August 27, 2021)

7. antonymy relationships between words with opposite meanings:

Who receives the Language Expert Award for the most effective use of semi-antonymy in the main campaign to date? Insert an envelope, please. — About language: Say what? (February 20, 2000)

8th. natant – swimming or swimming:

i love this word natant. The fact that it means “floating or floating” makes me somehow associate it with the word “natal” because the fetus floats, but “natal” seems to come from the Latin natalis, which means “pertaining to birth or origin. — Season in the sun (April 28, 2017)

9. country house — dacha or other second home in Russia:

Valery Volodin, a welder at the huge Volkswagen plant in western Russia, spent most of the summer relaxing in his country house, or a weekend home while growing your garden and taking care of your children. — War and sanctions threaten to push the Russian economy back into the past (December 5, 2022)

10 altar – the area around the altar in the temple, used by the choir and the clergy:

In nearby Santa Maria Huiramangaro, restorers began removing whitewash from a 16th-century church altar in 2014 after villagers approached INAH with concerns about cracks in the altar. altar walls. — Richly painted churches in Mexico commemorate years of indigenous resilience (February 11, 2022)

And a list of the easiest words of the week:

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Both sides blame each other as debt limit deadline approaches: NPR

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The US Capitol is visible on Saturday. President Biden is seeking an agreement with the Republicans as the country has a June 1 deadline to raise the country’s borrowing limit.

Jose Luis Magana/AP


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The US Capitol is visible on Saturday. President Biden is seeking an agreement with the Republicans as the country has a June 1 deadline to raise the country’s borrowing limit.

Jose Luis Magana/AP

Negotiations for a bipartisan deal to increase the United States debt limit appear to have stalled to the point that the Biden administration and Republicans in the House of Representatives have focused their public efforts on blaming the other side for the stalemate rather than working towards a final deal.

President Biden and Speaker of the House Kevin McCarthy are about to speak on the phone as Biden flies back to Washington from the G-7 summit in Japan.

Speaking after the conclusion of the G-7, Biden repeated his accusations that Republicans were to blame for the impasse. “It’s time for the other side to step back from extreme positions, because much of what they have already proposed is simply, frankly, unacceptable,” he said.

Biden said he was willing to cut spending, but said Republicans should consider boosting tax revenue. Republicans in the House of Representatives are largely opposed to any tax increase, the main tool Biden has relied on in his proposed budgets to reduce the deficit.

Biden said he expected to speak to McCarthy aboard Air Force One. “My guess is that he will want to deal directly with me to make sure we are all on the same page,” Biden said.

McCarthy described the White House as “moving backwards” in the negotiations.

“The president has turned back,” McCarthy said on Sunday Morning Fox News Futures. “In fact, he offered to spend billions more next year than we spend this year.”

“All the discussions that we had before, I felt that we came to the point that we could agree together, that we would have a compromise. We will not get what our bill says – we will find a compromise,” he added. “Now the president, although he was abroad, fought to switch places. I do not understand this”.


President Joe Biden answers questions about US debt limits ahead of a bilateral meeting with Australian Prime Minister Anthony Albanese on the sidelines of the G7 summit in Hiroshima, Japan on Saturday, May 20, 2023.

Susan Walsh/AP


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President Joe Biden answers questions about US debt limits ahead of a bilateral meeting with Australian Prime Minister Anthony Albanese on the sidelines of the G7 summit in Hiroshima, Japan on Saturday, May 20, 2023.

Susan Walsh/AP

Biden says 14th Amendment issues ‘unresolved’

Asked about applying the 14th Amendment to the Constitution to avoid a default — an untested tool called for by the progressive wing of his party — Biden said he was unsure if the legal issues associated with such a move could be resolved in time to prevent a default. “This is an issue that I consider unresolved,” he said.

Treasury Secretary Janet Yellen reaffirmed Biden’s stance on the 14th Amendment, saying, NBC press meeting:”It doesn’t look like something that could be properly exploited in these circumstances, given the legal uncertainty surrounding this and given the tight timeline we’re in, so I sincerely hope that Congress will raise the debt ceiling.”

Yellen has repeatedly warned lawmakers that the US could run out of money to pay bills as early as June 1, which she says is a “tough deadline.”

“If the debt ceiling is not raised, it will be difficult to decide which bills will go unpaid,” she told NBC.

Senior Biden staffers are increasingly accusing House Republicans of being more interested in pleasing the right wing of their caucus than reaching a consensus on how to lower the deficit and raise the debt ceiling.

“Last night in the District of Columbia, the speaker’s team submitted a proposal that was a big step backwards and contained a set of extreme partisan demands that could never be passed by both houses of Congress,” White House press secretary Karine Jean-Pierre said. Statement issued early Sunday morning from Hiroshima.

According to a source familiar with the talks, the White House’s latest proposal to Republicans in the House of Representatives included a promise to keep defense and non-defense spending in next year’s budget at the same level as in previous fiscal years. But Republicans are pushing for cuts in non-defense spending.

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AI is what AI is – hits and misses of Congress

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Artificial intelligence contacted lawmakers this week when Senator Richard Blumenthal showed off a ChatGPT deepfake of his own voice in a Senate hearing. Other major congressional events this week include the rules scandal at the latest hearing of the federal government’s House Subcommittee on Militaryization when Sen. James Lankford punishes the funding of “Sgt. Pepper’s Lonely Hearts Club Band” and more.

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