Uniic Media's Week(end) Round Up | Week of July 11th
Uniic Media presents your need to know news starting off your weekend as well as the summary of the week - July 16th, 2022
What’s Happened This Week?
July 12th - Elon Musk tells Trump it’s “Time to Hang up your Hat and Sail into the Sunset
Over the weekend, Donald Trump held a rally in which he spent a chunk of time speaking about Elon Musk. At one point, Trump referred to Musk as “another bullshit artist.” Well, Musk has returned the favor and it gave me a very Pete Buttigieg vibe.
“I don’t hate the man, but it’s time for Trump to hang up his hat & sail into the sunset. Dems should also call off the attack—don’t make it so that Trump’s only way to survive is to regain the Presidency. Trump would be 82 at end of their term, which is too old to be chief executive of anything, let alone the United States of America. If [Florida Gov. Ron] DeSantis runs against Biden in 2024, then DeSantis will easily win—he doesn’t even need to campaign,” Elon Musk wrote in response to Trump’s comments.
July 14th - Maryland has become a Battle Ground between Larry Hogan and Donald Trump
As Larry Hogan edges the final months of his second term as Maryland’s Governor, he is urging Republican voters to back Kelly Shulz, a gubernatorial candidate, who had served in the Hogan Administration as Labor Secretary and Commerce Secretary. On the other end of the ticket, Trump is backing Dan Cox, a state legislator who is an election denier, a Mike Pence hater, and has also attempted to impeach Larry Hogan over his response to Covid.
Next week is the Republican primary for Governor and it has been anything less than a proxy battle between Donald Trump and Larry Hogan who both share very different perspectives on the future of the GOP. Larry Hogan is one of the more prominent Trump critics and has been vocal about the party’s move from Trump’s brand of politics. However, Trump has spent most of his time embracing his brand of politics.
July 11th - Ukraine says Russia “Isn’t taking an Operational Pause”
In Chasiv Yar, search and rescue teams have been searching for individuals after a Russian missile strike on a group of residential buildings in the city. It is reported that nearly 15 people have been killed in the attack with the death toll likely to rise.
Ukrainian President Volodymyr Zelenskyy has also denied the claims of Russia taking an “operational pause,” in the last week. The missile strike was an obvious indication of his doubt as well as stating that Russia is “repelling assaults in various directions.”
July 15th - The Dollar’s Rising, the Euro is Shedding Value: What Gives?
Interest rates are running wild in the United States as the Fed attempts a cooling the also wild inflation. If global investors want to get paid the relatively higher interest rates here, they sell their local currency, buy dollars, and invest in United States bonds to just end up pocketing the difference. In a weak economy, foreign investors are buying the dollar for its relative safety.
As we witnessed earlier this week, inflation checked in at a wild 9.1% and as inflation is an obvious mess tied with the obvious political mess in the United States, there are so far no fears within the investor community that the United States government will fail to meet its financial obligations.
The greenback has nearly reached parity with the Euro for the first time in two decades.
The yen is down nearly 20% against the greenback YOY. This is something very unheard of in the modern era.
Against the greenback, Bitcoin has shed 70% since November highs of ~$69,000.
July 13th - Pennsylvania Election Boards Sued by State Officials after Refusal to Certify Primary Results
Election boards in Berks, Fayette, and Lancaster counties have been sued by Pennsylvania officials for refusal to certify their results from the PA May primary. Leigh Chapman, the PA State Department and acting Secretary of State asked a state court to compel the counties to certify their primary results.
In the filing, officials asked the Commonwealth Court in PA to order the elections boards in the mentioned counties to certify the results and include absentee ballots as well as main-ins by qualified voters without handwritten dates to avoid further "delaying resolution of the 2022 primary election."
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What’s Leading the Weekend?
Idaho’s GOP to Ban Voters from Voting in the Republican Primary
A proposed Idaho Republican party rule would block voters to register as Republicans if they have affiliation with another party 25 months before a primary election. Voters who have previously supported Constitution, Libertarian, and Democratic candidates in the last two years will have hypothetical probation before being allowed to vote in a GOP primary.
60% of more than 600 some Republican delegates support the proposal and the rule would disqualify voters who have donated to two or more non-Republican candidates in the two years before the primary. Once again, this includes those who have supported the Libertarians and Constitution candidates of the past. However, the proposal is mainly said to be targeting Democrats.
Biden to Attend the Saudi Summit
Today President Biden will be meeting with Arab leaders in Saudi Arabia where he says he will discuss regional missile and defense capabilities. He is also seeking to integrate Israel as part of a new axis largely driven by shared Iranian concerns.
"We believe there's great value in including as many of the capabilities in this region as possible and certainly Israel has significant air and missile defense capabilities, as they need to. But we're having this discussion bilaterally with these nations.”
Biden’s administration official said.
President Biden has had a laser focus on the planned summit of six Gulf states, Egypt, Iraq, and Jordan while downplaying meeting with the Saudi Crown Prince Mohammed bin Salman. During his meeting with the Prince, Biden promised to make the country a “pariah” on the global stage over the murder of journalist Jamal Khashoggi. Ultimately, Biden checked himself, knowing that the United States’ interests needed recalibration in relations with Saudi Arabia, not a rupture.
More Ukrainian Cities Bombed Overnight
In the latest series of onslaughts of bombings from Russia, a southern city in Ukraine was hit and dozens of people are said to have been killed. Valentyn Reznichenko, the Regional Governor, said the city was hit by more than fifty Russian Grad rockets. However, many say the focus of the war has shifted to the eastern Donbas region, yet is still striking cities elsewhere.
30% of Russian strikes are hitting military targets with the rest hitting civilian sites, according to the Ukrainian Defense Ministry but it is a number that hasn’t been verified. Ukraine also reports nearly 40 people have been killed in urban areas in the last three days.
The latest city to experience the bombardment of missiles was the city of Dnipro, in which three people died and 15 were left wounded. Rockets hit an industrial street next to it. Also, the Russians targeted the town of Chuhuiv in the Kharkiv region, in which three more people died and three were left wounded, according to the Regional Governor.
Moving Along with a Global Minimum Corporate Tax, Yellen says
The move for a global minimum corporate tax agreement is one the United States will constantly be searching for and will do anything to move ahead with it and enact it. This is even despite the voices of those such as Senator Joe Manchin. Janet Yellen told reporters that finance officials from the G20 economies have reached a very strong understanding surrounding the issues.
Those issues include the need to address the food security crisis even though an official joint statement has not been drafted. Joe Manchin said he would not support the Democratic proposal for new climate change spending and higher taxes for corporations and wealthier Americas, going against Yellen’s obvious goal…
Secret Service Subpoenaed by the January 6th Committee
Yesterday, the Secret Service received a subpoena from the Select House Committee investigating the January 6th Capitol Riots after a mysterious case of deleted text messages leading up to the fateful day.
Committee chair Bennie Thompson said the panel wanted any pertinent text messages and other records tied to that day, in a letter. The request comes just days after the Department of Homeland Security’s Inspector General notified Congressional Committees of the erasing of text messages throughout the Secret Service.
Joseph Cuffari was sent the letter and had briefed all nine committee members yesterday.