Monday, December 18, 2023

The cashless trend and financial freedom

Is your retirement account safe?

Dear Reader,

The so-called "cashless trend" is sweeping the globe.

Banks refusing to give people their cash.

Forcing them to use digital money.

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This is not a fantasy.

It's happening right now.

And it looks like it could be coming to America.

What's even worse?

This same insanity could be applied to your retirement savings.

Unelected officials already plan the switch to a new government-controlled digital currency.

Which will allow them unprecedented control over your money.

Unless you get informed now to protect your retirement savings.

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Omnisend

Turn $5,000 into $1.17 million, in as little as eight months

 
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The WaPo Football Article

"THE CHANGING FACE OF AMERICA'S FAVORITE SPORT - How race, politics, culture and money are shaping which kids abandon tackle football -- and which keep risking its toll."

Free link: wapo.st/3GQhcmx

(You must at least scan this article, look at the charts, you must.)

Do you feel guilty when you watch football?

I certainly do, which is why I don't watch anymore. At all. Except for the Super Bowl, a national holiday.

The CTE, i.e. brain injury, story has been gaining traction for decades now. And this fall the story has been about how you don't have to play in the pros to be affected.

"They Started Playing Football as Young as 6 - They Died in Their Teens and Twenties With C.T.E."

Free link: tinyurl.com/59v2wpmm

My goal is not to guilt you. My goal here is awareness.

Football has now been divided along political and racial lines. If you're a conservative, you might ask what the hell I'm talking about. If you're Black, you might say the economic opportunities are too attractive. If you're liberal and white you might watch, but you don't want your kids playing tackle football.

We believe things are forever. And then social mores change and they are not. Will people be watching tackle football on TV in 2100? Not unless it's robots. But the question becomes when the NFL will falter and die before that, because the public just can't stomach the injuries these men sustain while entertaining us.

Pretty ugly if you think about it. The ignorant and disadvantaged are putting their lives at risk, literally, so we can watch. At what point do viewers say NO MAS!

They keep on trying to make tackle football safer, but it hasn't worked, not in any significant way. The NFL is pushing flag football, but I don't see tens of thousands showing up to watch that.

The disconnect is becoming too great. It has become harder and harder to rationalize playing football, it's only a matter of time before it becomes harder and harder to rationalize watching football.

Too many abhor the future, lobby against it. The story of the last month or so is the slowdown in the acquisition of electric cars. This is true. And if you don't own a Tesla good luck charging on the road. Joanna Stern did an excellent story on this.

"How Bad Are Public EV Chargers? I Visited Over 120 to Find Out. - Los Angeles County has more public electric-vehicle fast chargers than any other in the country. WSJ's Joanna Stern hit up 30 charging locations in a Rivian R1T and ran into problems at 40% of them. Here's what's being done to fix the charging mess."

tinyurl.com/smzn8cpk

Bottom line, drive a Tesla. (Then again do you want to support Elon Musk? There's a good chance not.) Furthermore, every other manufacturer is behind Tesla when it comes to software, which is the essence of electric cars. The competitor might have a shiny exterior, but it's MS-DOS in a Windows world. Saturday Dan Neil said the new Lotus is the first car he's driven that's on a par with Tesla when it comes to software.

And in truth seemingly every car manufacturer is switching to the Tesla charging system, which is plentiful and easy to use.

But the bottom line here is despite the bad news, electric cars are here to stay, they're the future, they're going to dominate, it's just a matter of when.

And tackle football is time-stamped, it's just a matter of when it dies.

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U.S. struggles to contain Middle East chaos

Presented by Instagram: POLITICO's must-read briefing on what's driving the afternoon in Washington.
Dec 18, 2023 View in browser
 
Playbook PM

By Eli Okun

Presented by

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A note from Playbook Editor Mike DeBonis: Welcome to our expanded audience of Playbookers! For more than six years, Playbook PM has been Washington's official halftime report — keeping you up to the minute on all of the happenings on Capitol Hill, in the White House, on the campaign trail and all across politics. Our previously AM-only subscribers can expect this essential weekday update in your inbox right around lunchtime. And for our longtime PM subscribers, we’re debuting a new streamlined format today that will deliver Playbook’s trademark insight and analysis plus easy-to-digest bites on the day’s important stories. Thank you for subscribing, and we hope you enjoy reading!

THE TIMES THEY ARE A-CHANGIN’ — “Pope approves blessings for same-sex couples if they don’t resemble marriage,” AP … “U.S. Steel to be acquired by Japan’s Nippon Steel Corp. in a deal valued at nearly $15 billion,” Pittsburgh Post-Gazette

FILE - Central Intelligence Agency Director William Burns speaks during a Senate Intelligence Committee hearing to examine worldwide threats on Capitol Hill in Washington, March 8, 2023. President Joe Biden has elevated Burns to his Cabinet. It's a symbolic move that underscores the intelligence chief’s influence and his work in U.S. support for Ukraine. (AP Photo/Amanda Andrade-Rhoades)

CIA Director William Burns is trying to help strike another Israel-Hamas hostage deal. | Amanda Andrade-Rhoades/AP Photo

MIDDLE EAST LATEST — In Poland today, CIA Director WILLIAM BURNS met with Qatari and Israeli leaders for negotiations over a possible hostage-release deal in the Israel/Hamas war, Axios’ Barak Ravid reports. Getting to an agreement will be difficult, as the two sides are even further apart now than they were before the previous ceasefire/hostage agreement. If it succeeds, a deal would be another significant diplomatic breakthrough in the conflict.

But in the meantime, the U.S. is facing the limits of its influence on multiple fronts in the region, and the Biden administration has had difficulty tamping down worsening bloodshed or limiting the fallout beyond the Gaza Strip.

Defense Secretary LLOYD AUSTIN landed in Israel today to get tougher with Israeli PM BENJAMIN NETANYAHU’s government about the need to protect Palestinian civilians, per NYT’s Helene Cooper and Eric Schmitt. Austin is delivering an unusually blunt public warning that failing to do so could leave Israel with “strategic defeat” and worse safety, a lesson he draws from his experiences in Iraq and Afghanistan. But with nearly 20,000 Palestinians already dead, the U.S. exhortations for Israel to rein it in have had only limited impact thus far.

To the south, the U.S. wants to stop Houthi rebels who have been attacking ships in the Red Sea, but allies Saudi Arabia and the United Arab Emirates diverge on the best approach, hampering American plans to build a regional response, Bloomberg’s Sam Dagher and Mohammed Hatem report. The White House has told the Iranian-backed Houthis to stop — to no avail, the rebels say, as long as the Israel-Hamas war continues. The UAE wants the U.S. to get tougher and use military action against the Houthis, while Riyadh (and the U.S., at least for now) favor diplomacy.

The latest: The USS Carney, a warship, today responded to a Houthi-claimed attack on a commercial ship unaffiliated with Israel in the Red Sea, per CNN’s Haley Britzky.

One unusual course of action to watch: The U.S. Attorney’s Office for the Southern District of New York is working on prosecuting Hamas in a wide-ranging investigation expected to zero in on the group’s financial moves, Semafor’s Ben Smith reports.

 

A message from Instagram:

New federal legislation will give parents a say in teen app downloads.

According to a new poll by Morning Consult conducted in November 2023, more than 75% of parents believe teens under 16 shouldn’t be able to download apps without parental permission.1

Instagram wants to work with Congress to pass federal legislation that gets it done.

Learn more.

1"US Parents Study on Teen App Downloads" by Morning Consult (Meta-commissioned survey of 2,019 parents), Nov. 2023.

 

THE FROST/NIXON OF OUR ERA — ZIWE, the queen of comedic interview discomfiture, and former Rep. GEORGE SANTOS (R-N.Y.), the king of being expelled from Congress without a criminal conviction, sat down for quite the tete-a-tete — for which Ziwe says Santos tried thrice (unsuccessfully) to get paid. Among the Santos highlights:

  • On Congress: “I wasn’t there to play nice. I was there to expose the rot and corruption, and I did. And I’m going to continue to do it. Republicans and Democrats alike. Swampy, slimy people selling this country down a river. … If you were to put them all under the same scrutiny I was put under, you’d fucking vacate the whole goddamn building.”
  • On how he pays for cosmetic procedures: “I’ve always worked, Ziwe. … My own money.”
  • On JILL STEIN being a Russian asset: “I believe HILLARY [CLINTON] on that one.”
  • On BOWEN YANG playing him on “Saturday Night Live”: “I think he deserves an EGOT.”
  • ON JAMES BALDWIN: “Who the hell is James Baldwin?”
  • ON HARVEY MILK: “I have no clue who that is.”

FOR YOUR RADAR — The man who allegedly crashed into President JOE BIDEN’s motorcade yesterday in Delaware has been charged with driving under the influence.

Good Monday afternoon. Thanks for reading Playbook PM. Drop me a line at eokun@politico.com.

 

GLOBAL PLAYBOOK IS TAKING YOU TO DAVOS! Unlock the insider's guide to one of the world's most influential gatherings as POLITICO's Global Playbook takes you behind the scenes of the 2024 World Economic Forum. Author Suzanne Lynch will be on the ground in the Swiss Alps, bringing you the exclusive conversations, shifting power dynamics and groundbreaking ideas shaping the agenda in Davos. Stay in the know with POLITICO's Global Playbook, your VIP pass to the world’s most influential gatherings. SUBSCRIBE NOW.

 
 

7 THINGS YOU NEED TO KNOW

RENO, NEVADA - DECEMBER 17: Republican presidential candidate former U.S. President Donald Trump delivers remarks during a campaign rally at the Reno-Sparks Convention Center on December 17, 2023 in Reno, Nevada. Former U.S. President Trump held a campaign rally as he battles to become the Republican Presidential nominee for the 2024 Presidential election.  (Photo by Justin Sullivan/Getty   Images)

Donald Trump is making plans to entrench a major isolationist shift in a second term. | Justin Sullivan/Getty Images

1. LOYALTY TEST: In a second term, DONALD TRUMP and his allies are planning to install national security and foreign policy officials who will align with his isolationist leanings and erect far fewer barriers to his agenda, Reuters’ Gram Slattery, Simon Lewis, Idrees Ali and Phil Stewart report. Among the arenas for potentially huge shifts: (1) trade wars with Europe over defense spending or reduced military aid; (2) weaker economic ties to China; (3) U.S. military operations against Mexican drug cartels; (4) flirtation with pulling out of NATO; and (5) reduced support for Ukraine. Trump might also radically politicize the bureaucracy, firing disloyal staffers.

2. CLOCK’S TICKING: “Pentagon Warns Ukraine Military Aid Funds Will Run Out Dec. 30,” by Bloomberg’s Tony Capaccio and Roxana Tiron: DOD is “for the first time giving a precise date for when it will have exhausted its cash. The Defense Department is spending its last $1.07 billion to buy new weapons and equipment that will replace those drawn down from stockpiles and sent to Ukraine, Pentagon Comptroller MICHAEL McCORD said in a Dec. 15 letter.” JOHN KIRBY said today there’s enough for one more aid package this month.

3. TALES FROM THE CRYPTO: Who needs SAM BANKMAN-FRIED? The cryptocurrency industry is roaring back into the political arena as top industry PACs say they’ve amassed $78 million to spend on crypto-friendly candidates from both parties in 2024, Axios’ Andrew Solender reports. The push includes key players like Andreessen Horowitz, Coinbase and the WINKLEVOSS twins. The three PACs — Fairshake, Protect Progress and Defend American Jobs — are angling to sway legislation in Washington toward the lighter touch of House GOP proposals that would set up a regulatory structure for crypto, and away from more skeptical voices on the Hill.

4. HOW BIDEN REALLY FEELS: Don’t pay much attention to Biden’s public dismissal of his dismal standing in the polls: Behind the scenes, he and first lady JILL BIDEN “have grown upset” over his political struggles, WaPo’s Tyler Pager reveals. In a meeting just before Thanksgiving, the president told top aides that they needed to make progress on turning his numbers around — and that his economic messaging was falling flat. Worries are rising throughout the party: Biden officials have started to talk about a strategic shift, and Rep. ELISSA SLOTKIN (D-Mich.) “has expressed concern to allies that she may not be able to win her race” for the Senate if Biden’s the presidential nominee.

To wit: Biden’s job approval rating tumbled to a record-low 34% in the latest Monmouth poll out today. (That is at least better than Senate Minority Leader MITCH McCONNELL, who clocks in at 6% approval.) … On the flip side: Biden’s fundraising has been strong and is on pace to meet his Q4 goal, per WaPo.

 

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5. THE LIES THAT WON’T DIE: Despite legal proceedings against them in multiple states, some of the fake Trump electors from 2020 will be involved in overseeing the 2024 election, AP’s Gabe Stern reports. JIM HINDLE is running elections in Storey County, Nevada. BOB SPINDELL is on Wisconsin’s election commission. JAKE HOFFMAN controls basically all election legislation as an Arizona state representative. And the list goes on. Meanwhile, Trump allies in Georgia are newly pushing old, false claims of election fraud, per The Atlanta Journal-Constitution.

6. GREAT SCOTT: “Tim Scott emerges as a 2024 kingmaker as rivals court his endorsement,” by Semafor’s Shelby Talcott: “NIKKI HALEY called Sen. TIM SCOTT on Friday seeking his endorsement … Trump has also privately pushed Scott for his endorsement … CHRIS CHRISTIE previously reached out about an endorsement, as well. [Florida Gov.] RON DeSANTIS, meanwhile, has been in touch with Scott too, though the exact nature of their conversation remains unclear.”

7. HOW IT HAPPENED: WaPo’s Rachel Siegel and Jeff Stein have an interesting examination of arguably the Biden administration’s biggest accomplishment of the year: avoiding a recession that many thought was inevitable. Though the fight against inflation (and the threat of a slowdown) isn’t over, the Fed, Treasury and White House economics team “are cautiously pointing out that they have been vindicated by data and developments dismissed as virtually impossible until quite recently. … Call it the most polite revenge tour Washington has ever seen.” The apparent “soft landing” is the result of Fed Chair JEROME POWELL and other officials’ belief in a strategy that defied conventional economic wisdom.

 

POLITICO AT CES® 2024: We are going ALL On at CES 2024 with a special edition of the POLITICO Digital Future Daily newsletter. The CES-focused newsletter will take you inside the most powerful tech event in the world, featuring revolutionary products that cut across verticals, and insights from industry leaders that are shaping the future of innovation. The newsletter runs from Jan. 9-12 and will focus on the public policy-related aspects of the gathering. Sign up today to receive exclusive coverage of the show.

 
 

PLAYBOOKERS

People file through during the public repose for retired Supreme Court Justice Sandra Day O'Connor in the Great Hall at the Supreme Court in Washington, Monday, Dec. 18, 2023. O'Connor, an Arizona native and the first woman to serve on the nation's highest court, died Dec. 1 at age 93. Former law clerks of O'Connor stand at left and right. (AP Photo/Jacquelyn Martin)

The late Justice Sandra Day O'Connor lies in repose at the Supreme Court today. | Jacquelyn Martin/AP Photo

REMEMBERING SANDRA DAY O’CONNOR — The late Supreme Court justice lay in repose today at the court, where Justice Sonia Sotomayor said that “the heavens shed a tear this morning.”

IN MEMORIAM — “Cragg Hines, former Washington bureau chief for Houston Chronicle, dead at 78,” by the Houston Chronicle’s Peter Warren: “He was first a correspondent before taking over as Washington bureau chief and then a Washington columnist. His writing style, described by colleagues as witty and sophisticated, matched well with his sense of humor and charismatic personality.” Carl Leubsdorf Sr. writes in to add: “He was elected to the Gridiron Club in 1990 and his booming voice and massive presence soon made him a fixture in the club’s annual shows, often performing songs he wrote. … His longtime partner, Bruce Crane, said there will be ‘a memorial celebration of his extraordinary life’ in the New Year.”

FIRST IN PLAYBOOK — Eddie McDonald is joining the Biden campaign as senior adviser for Michigan. He’s a veteran Democratic operative in the state who had the same role on the 2020 campaign and helped elect a Democratic slate in 2018.

WHITE HOUSE ARRIVAL LOUNGE — John Chilton McAuliff is now senior policy adviser in the Office of Clean Energy Innovation and Implementation. He most recently was senior adviser on climate and rural development for the Rural Business-Cooperative Services at the USDA.

TRANSITIONS — Jay Fields is now deputy policy director for Speaker Mike Johnson. He most recently was executive director for the Republican Study Committee. … Machalagh Carr is launching a consulting firm, Quell Strategies, and will work with Bill Barr to head the American Free Enterprise Chamber of Commerce’s Center for Legal Action, Axios’ Mike Allen reports. She previously was chief of staff to then-Speaker Kevin McCarthy. … Brett Levi Kleiman is now press secretary for the Senate Homeland Security and Governmental Affairs Committee. He most recently was deputy press secretary for Sen. Raphael Warnock (D-Ga.).

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Send Playbookers tips to playbook@politico.com or text us at 202-556-3307. Playbook couldn’t happen without our editor Mike DeBonis, deputy editor Zack Stanton, producer Andrew Howard and Playbook Daily Briefing producer Callan Tansill-Suddath.

 

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Wall Street Legend: "Millions of investors will be taken by surprise"

                                                                                                          Dear Reader, Investing legend L...