Coca-Cola Prices Set To Rise Amid Soaring Cost Pressures 

Coca-Cola Prices Set To Rise Amid Soaring Cost Pressures 

The price of a refreshing Coca-Cola is set to rise as the beverage company offsets higher commodity costs. 

A jump in day-to-day business costs for The Coca-Cola Company will result in a price increase of its drinks, CEO James Quincey told CNBC’s Sara Eisen on “Squawk on the Street” on Monday. 

“We intend to manage those intelligently, thinking through the way we use package sizes and really optimize the price points for consumers,” Quincey added.

Many of the day-to-day business costs have risen above pre-pandemic levels and could soon chip away at Coca-Cola’s margins. Increasing cost pressures are happening when the economy is reopening. Further, the Federal Reserve and the federal government have flooded financial markets and the economy with trillions of dollars, resulting in higher commodity prices. 

Across-the-board increases in costs could eat into corporate margins, and that’s why Quincey and his team of corporate execs are planning to hike prices. He did not disclose which Coke products would have higher price tags. Prices of Coke products have already increased thanks to former President Trump’s aluminum tariffs.

The move comes as Kimberly-Clark and J.M. Smucker are increasing the prices of their products to offset rising commodity costs. Also, Procter & Gamble Co will start charging more for household staples this fall. 

“We’ve already seen some companies’ margins narrow, and their ability to restore them will largely depend on whether they can increase prices,” Michael Hewson, chief market analyst at CMC Markets, told S&P Global

Morgan Stanley’s chief equity strategist published a fresh warning Monday that said “rising cost pressures/supply shortages, the definitive peak rate of change on economic data and earnings revisions and demand being overwhelmed by supply are all contributing to the deterioration in lower quality, smaller capitalization, and the more cyclical parts of the market.”

Sean Darby, the global chief equity strategist at Jefferies, said companies in the first quarter are dealing with some of the “sharpest year-over-year increases in transport, commodities and raw materials, gasoline prices, etc., in modern history.” 

Making matters worse, consumers are already dealing with rapid food inflation at supermarkets. Now their favorite sugary beverages are about to jump in price. 

Tyler Durden
Wed, 04/21/2021 – 04:15

via ZeroHedge News https://ift.tt/3xal0ZD Tyler Durden

Brickbat: Easiest Arrest Ever


lovelandlawsuit_1160x653_1161x653

One Loveland, Colorado, police officer has been put on paid leave and another moved to desk duty after a 73-year-old woman sued the department for an arrest in which her attorney says she suffered a broken arm, dislocated shoulder and sprained wrist. The attorney says the woman has dementia. Staff at a local Walmart called cops after Karen Garner reportedly tried to shoplift $13.88 in merchandise. Garner left without the merchandise. Body cam footage shows Officer Austin Hopp calling to her outside the store. When Garner refused to speak to him, he grabbed her and threw her to the ground. As Garner repeatedly says “I am going home,” Hopp and Officer Daria Jalili handcuff her.

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‘BritCoin’ – UK Considers New Central Bank Digital Currency, What Happens To Cash?

‘BritCoin’ – UK Considers New Central Bank Digital Currency, What Happens To Cash?

Authored by Mike Shedlock via MishTalk.com,

Central bank digital currencies are coming and likely sooner than most expect.

Future Proofing?!

About a year ago the Bank of England released a paper on the Opportunities, Challenges, and Design of Central Bank Digital Currencies.

Today, the Financial Times reports UK Considers Creating Central Bank Digital Currency.

The Financial Times commented the “Aim would be to future proof sterling against cryptocurrencies and improve the payments system

The idea that one can future proof fiat currencies against anything is of course ludicrous.

Britcoin?!

Reuters asks ‘Britcoin’ Not Bitcoin?

British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new “Britcoin”, or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin.

A BoE-backed digital version of sterling would potentially allow businesses and consumers to hold accounts directly with the bank and to sidestep others when making payments, upending the lenders’ role in the financial system.

“We’re launching a new taskforce between the Treasury and the Bank of England to coordinate exploratory work on a potential central bank digital currency (CBDC),” Sunak told a financial industry conference.

“The Government and the Bank of England have not yet made a decision on whether to introduce a CBDC in the UK, and will engage widely with stakeholders on the benefits, risks and practicalities of doing so,” the BoE said.

What About Physical Cash?

The BoE said a digital version of sterling would not replace either physical cash or existing bank accounts.

Yeah, right. 

Q: Once central banks can track every penny, guess what?

A: They will track every penny

Governments will know where every penny is coming from and going to and tax everything. 

They will sell this scheme as a necessity to combat drugs, tax evasion, and a necessity for fairness. 

Once in place, if governments ever decide people are “hoarding” money they will consider putting time limits on it to force people to spend it. 

That’s what’s coming. And the pace seems to be picking up. No one wants China to be the first.

Tyler Durden
Wed, 04/21/2021 – 03:30

via ZeroHedge News https://ift.tt/3gwElyj Tyler Durden

Family Of Italian Woman Whose Death Linked To AstraZeneca Jab Launches Legal Action

Family Of Italian Woman Whose Death Linked To AstraZeneca Jab Launches Legal Action

While American lawmakers have taken steps to shield US pharma companies from any legal blowback caused by COVID vaccines, drugmakers in Europe haven’t been so lucky. And after widespread skepticism of the AstraZeneca-Oxford vaccine, what was supposed to be the workhorse of the global immunization rollout before reports of rare and deadly blood clots inspired regulators around the comment to either halt the jab, or impose limits on its use.

And now, all these issues will be dredged up again as AstraZeneca is hit by lawsuits filed by the families of those who died from rare blood clots potentially linkted to the vaccine. In what appears to be a first, Sky News reported Monday that the family of an Italian woman who died from a case of vaccine-linked clots are suing to officially establish whether the jab was at fault in her death.

Augusta Turiaco

The case involves 55-year-old Augusta Turiaco from Messina, Sicily, who received her COVID jab on March 11, but started experiencing severe symptoms a few days later.

Despite feeling unwell afterwards, Turiaco returned to work, posting two days later to reassure worried friends saying: “Andra tutto bene” – or “everything will be alright” in Italian.

She fell into a coma on March 28 March and died on March 30 March, 19 days after having the AstraZeneca injection. Her conditions also found in others who died after having the Oxford-AstraZeneca vaccine.

Here’s more from Sky News:

Her brother Nunzio Turiaco told Sky News: “For us it was a bolt from the blue that such a clinical picture occurred.

“My sister was in excellent health, she did not take drugs because she did not have diseases such as hypertension or diabetes.”

Medical records seen by Sky News showed blood clots had formed in Ms Turiaco’s body, including in her brain.

Her platelet levels had fallen.

According to Sky, the family’s suit is one of several legal actions in Europe directed at AstraZeneca over the clotting issue.

The legal proceedings launched by the family are just one of a number of cases across Europe being mounted against AstraZeneca.

The family’s lawyer, Daniela Agnello, told Sky News: “The excellent state of health of Ms Turiaco, the absence of previous pathologies, the very short period of time between the administration of the vaccine, the appearance of the first illnesses and the very serious clinical picture and then death.

Messy clinical trial data, manufacturing issues and – of course – the rare blood clots that have resulted in more than a dozen deaths have all damaged the AstraZeneca jab’s reputation, experts say.

Despite this, both the European Medicines Agency and the World Health Organization consistently stressed that the vaccine’s benefits far outweigh the risk of any side effects and advised against any restrictions to its use. Still, national health authorities have moved ahead with their own risk and benefit assessments, which, remarkably, have drawn dissimilar conclusions – ranging from limiting the vaccine’s use in different age groups to suspending its usage and even ditching it entirely.

Whether the vaccine will ever be approved for use in the US remains unclear; although AstraZeneca has said it has applied for review by regulators in the US, reports cited uneasiness with the vaccine’s safety record, which include a halt to a Phase 3 trial in the US for a month last fall.

,>

Tyler Durden
Wed, 04/21/2021 – 02:45

via ZeroHedge News https://ift.tt/3n4B6zv Tyler Durden

Still Believe Digital Vaccine Passports Are Something Made Up By Conspiracy Theorists?

Still Believe Digital Vaccine Passports Are Something Made Up By Conspiracy Theorists?

Authored by Robert Wheeler via The Organic Prepper blog,

In my past articles I wrote about Digital Vaccine Passport pilot programs in New York, global announcements and along the same lines, health passports and vaccine passport apps in which a traveler (or event goer, employee, or shopper) uploads their COVID-19 test results or vaccination status. 

Unless the EU Parliament suddenly became enamored with conspiracy theorists, that is exactly what is going to happen.

The EU announces the Digital Vaccine Passport proposal

In March, the European Commission opened a proposal to create a “Digital Green Certificate” to allow travel inside the EU during the “pandemic.”

This Digital Green Certificate would serve as a documentation that a person has been vaccinated for COVID, received a negative test for COVID, or has recovered from it. It will include a QR Code to ensure the authenticity and security of the certificate and will be made free of charge in paper or digital form.

The Digital Green Certificate will have three certificates included within it including:

  • Vaccination certificates, stating brand of the vaccine used, data and place of inoculation and number of doses administered.

  • Negative test certificates (either a NAAT/RT-PCR test or a rapid antigen test). Self-tests will be excluded for the time being.

  • Medical certificates for people who have recovered from COVID-19 in the last 180 days.

According to Euro News,

“Where member states accept proof of vaccination to waive certain public health restrictions such as testing or quarantine, they would be required to accept, under the same conditions, vaccination certificates issued under the Digital Green Certificate system,” the Commission said in a statement.

The instrument will be valid in all EU countries and will be open for Iceland, Liechtenstein, Norway as well as Switzerland. It will be issued to EU citizens and their family members, regardless of their nationality.

Other countries are following suit in the Digital Vaccine Passport scheme

But while the EU debates what sort of technology to use and what parameters will be included, various European countries are taking matters into their own hands, choosing instead to create their own versions of a vaccine passport, all varying between each country. For instance, Estonia is planning to launch its own pilot program at the end of April. France is doing the same.

In addition, the World Health Organization, who recently opposed the creation of a vaccine passport, is now working to do just that. And they are all working with the usual suspects – Google, Apple, Microsoft, IBM and a host of other corporations. What is more likely is that European countries will all implement different versions of the passport and, in the midst of chaos, the EU will have to step and standardize the process. The WHO will likely lead the charge in implementing the process worldwide.

What does a Vaccine Passport mean for you as an American? A lot, actually

First, if you plan on travelling to or through Europe anytime soon (and possibly forever) you may have to grab yourself one of these passports. Of course, the EU Commission has stated that the move is temporary . Once the World Health Organization (now owned by Bill Gates) declares an end to the global health emergency the digital passports will be suspended. So they say.

“The Digital Green Certificate will not be a pre-condition to free movement and it will not discriminate in any way. A common EU-approach will not only help us to gradually restore free movement within the EU and avoid fragmentation,” explained Commissioner Reynders. Except that a “pre-condition to free movement” is the whole point and “discrimination” is at the core of the passport.

But back to America. There are already plans to introduce a similar scheme in the United States. In fact, “coincidentally” the United States is now discussing a similar vaccine passport. As tens of millions of Americas, having been terrorized for a year, line up like cattle for their “vaccines,” the United States is planning to develop a “vaccine passport” that will allow those vaccinated to travel and “enjoy other aspects of pre-pandemic life.” In other words, freeze the unvaccinated out of normal life altogether.

Digital Vaccine Passports in the US are up for debate

A senior advisor to the White House has signaled that the government will be taking a hands off approach to the whole ordeal saying “”it’s not the role of the government to hold that data and to do that”

So with that in mind, it’s likely that private corporations will be enlisted to act as the new feudal overlords that Carroll Quigley predicted years ago. More than likely, it will be companies like RAND who are involved in developing and implementing the vaccine passport scheme. In fact, RAND analysts are already making public comments on the type of scheme that will be implemented.

“Inevitably I think there are going to be these passports because people are eager to go back to a sense of normalcy,” said Dr. Mahshid Abir, a senior physician policy researcher for the RAND Corp. “From both the supply and demand side, there is impetus to get tourism and traveling back on track, and go back to some semblance of normalcy.”

US News and World Report quotes Abir further when it writes “One other potential benefit of requiring a vaccine passport to travel, eat out or attend a rock concert might be that it would pressure some vaccine-hesitant folks into getting their inoculation, Abir said.”

Some states, however, have refused to participate in this gross violation of civil liberties. Florida and South Carolina have been clear they are opting out. But some Communist controlled states like New York are already implementing the passport scheme. As USA Today wrote,

Starting Friday, New Yorkers will be able to pull up a code on their cellphone or a printout to prove they’ve been vaccinated against COVID-19 or recently tested negative for the virus that causes it.

The first-in-the-nation certification, called the Excelsior Pass, will be useful first at large-scale venues like Madison Square Garden. But next week, the pass will be accepted at dozens of event, arts and entertainment venues statewide. It already lets people increase the size of a wedding party, or other catered event.

Still don’t believe Digital Vaccine Passports are coming?

So there you have it. A vaccine passport being rolled out in the EU (“temporarily” of course) and simultaneously in the United States. Still think this is not a coordinated effort to restrict travel and civil liberties? If you do, then I have some oceanfront property in Arizona to sell you. But, unless you’ve been vaccinated, you won’t be able to travel to see it.

Tyler Durden
Wed, 04/21/2021 – 02:00

via ZeroHedge News https://ift.tt/32A8TqE Tyler Durden

Closing Thoughts on Book Deals for Justices

Since writing my two posts about Justice Barrett’s book deal, I have been reliably informed that the description from Politico was incorrect. Two people independently told me that the book will not be about “how judges are not supposed to bring their personal feelings into how they rule.” Rather, they said, the book will be a collection of letters Justice Barrett wrote to correspondents during the confirmation process. Going forward, I will assume this account is correct–and I have every reason to believe it is. At this point, Sentinel, the conservative imprint, should issue a press release to announce the book, and describe the project. Ideally, the release would include some quote from Justice Barrett herself. Knopf issued such a release for Justice Sotomayor’s memoir in 2010.

This episode illustrates the pitfalls of a Supreme Court justice writing a book. Much of my negative commentary here is likely informed by my experience with book publishers. And I think that background will shed some light on my critical posts.

I’ve worked with a popular press, an academic press, and a trade press. Perhaps the greatest advantage of an academic press is they are the least interested in selling books. The goal of an academic press is to spread influential ideas. Maybe those books will be sold to libraries, and have some course adoptions. Thankfully, expectations are low. For that reason, the advances are small (or $0) and the royalties are tiny. Yet, academic publishers provide authors–generally professors–with the greatest autonomy and latitude. When I worked with Cambridge University Press, I never felt the slightest pressure to produce a certain type of book for a certain audience. There were no efforts to trim the size of the book–Unraveled ballooned to nearly 600 pages. Nor was there any attempt to influence how I marketed the book. The process was entirely hands-off. Of course, that meant that not that many books were sold. But I knew those details going in. (And thankfully, I greatly exceeded Cambridge’s low expectations).

The popular press was an entirely different experience. The goal of a popular press is to sell as many books as possible. Full stop. And that demand exerts a lot of pressure on the authors. My first book, Unprecedented, was published with a popular press. On the whole, the experience was positive. But throughout the process, I felt pressure to produce a more edgy book that will appeal to conservative buyers. I resisted that pressure, because I wanted to write a more neutral book that would be the definitive account of NFIB v. Sebelius.

An anecdote will illustrate these dynamics. From the beginning, I wanted the title to be “Unprecedented.” It encapsulated in a word the constitutional arguments in the ACA litigation. At one point, I joked with my editor that we could call the book The People v. Obamacare. I was riffing on The People v. Larry Flynt. (Which, by the way, has one of the most realistic SCOTUS scenes in any move I’ve watched; the Justice Scalia actor read the question from the transcript, almost verbatim). My editor loved this farcical title. Indeed, he sent a book notice with that title to Amazon! I was furious. That title would convey a very different message, and not at all appeal to the market I wanted to target. We had a huge fight, and I threatened to cancel the entire project, walk away, and return the advance. (A good rule of thumb: never begin any project unless you are really willing to walk away). Finally, the editor relented and we went with my preferred title.

Later in the process, I delivered the finally manuscript. The editor said it was 25,000 words too long. Yes, I actually had to delete the equivalent of a law review article. Trashed. Plus I had to completely rewrite the ending to make it more edgy. Some of the suggestions were helpful. But I was not fully satisfied with the revised ending. It is the weakest part of the book, in my estimation. And so on. My point is that popular presses have very specific expectations. Law review editors fight over picayune footnotes, but generally let authors write their own books. Popular presses take a much more hands-on approach.

That background brings me to conservative imprints. While I was shopping the proposal for Unprecedented, I spoke with an editor at a famous conservative imprint. (If I said his name, you would know it). We had a really friendly chat, where he told me exactly what he expected. He wanted a book that would appeal to the then-booming Tea Party audience, and get me booked on Fox News. He wanted something that would savage President Obama as a lawless autocrat, and attack the ACA as a socialist takeover of health care. I had no interest in writing that book, and I did not pursue that option.

Sentinel, the conservative imprint Justice Barrett signed with, is in the same ballpark as the imprint I spoke with. Sentinel is currently featuring books by Allie Beth Stuckey, Dave Rubin, and Jordan Peterson. (If you don’t know who these people are, google them.) These books are targeting a very specific conservative audience. Now I don’t think an editor would try to push around Justice Barrett, the way I was pushed around. But the relationship can be distorted in different ways. Specifically, the publisher has latitude to market the book in ways that may not cohere with Justice Barrett’s direction.

Take the quote given to Politico. It is possible that someone from Sentinel gave it to a journalist. That unnamed sources may have been misinformed about Barrett’s book. Or, the sources may have been trying to pump up the book to appeal to more buyers. (A book of letters sounds lovely, but would not offer any insights into ACB’s judicial decision-making process.) It’s also possible the Politico sources did not work for Sentinel. Maybe even a flak at a competitor leaked the quote. Who knows?

But here we are, arguing over the content of a book deal for the newest member of the Supreme Court. How to resolve this impasse? Does the Court’s PIO office release a statement? Of course not. Does Justice Barrett start tweeting? Lord no. Instead, the publisher should issue a press release. (My suggestion at the top of the post). And Justice Barrett should be much more active in the press materials to avoid any future errors. Yet, herein lies the dilemma.

Why should a Supreme Court justice be wasting her time on these sort of mundane matters? There are so many more important things to be done. Read more cert petitions. Write more statements concerning the denial of certiorari. (I really respect Justice Sotomayor’s attention to the docket). Write more concurrences expounding on the original meaning of the Constitution. All of those tasks would actually advance the law. Spending time to write, and publish a book that is a collection of letters? That should not be a priority now. In a decade, write an opus like Reading Law or A Matter of Interpretation. At that point, there will be 17 Justices (the next prime number after 13), the Court’s jurisdiction will be substantially stripped, so the workload should be lower.

This realization brings me to my final point. The federal courts impose very strict rules on outside sources of income. And the Supreme Court seems to follow this rule as a matter of practice. For example, judges are allowed to teach, but usually cannot earn more than about $20,000 per year. That’s about it. Yet book advances and royalties are trapped in some sort of ethical black hole. A publisher is a for-profit concern. During the terms of a book contract, the Supreme Court justice works for the publisher. It is a traditional principal-agent relationship. In my prior post, I identified the inherent conflict of interests between writing opinions that appeal to conservatives and selling books that appeal to conservatives. These conflicts are not allowed to exist in any other context. But, for whatever reason, book contracts are exempt.

I think there is only way to cure this problem: a cap on annual royalties and book advances. Perhaps pegged to the same amount as teaching gigs. Any royalties or advances above that amount can be donated to charity. (RBG routinely donated prizes she received to charity). Or deposit the money in the United States Treasury. Wherever. But Justices should not be able to use the prestige of their office to sell books to the public, and in doing so create inescapable conflicts of interests. (And don’t try to tell me that a book royalty is an emolument–I know Justice Breyer has sold his books abroad.). No other government employee can write a book while in office. Then again, most government employees lack life tenure. Here, I am unsympathetic. There are plenty of ways for lawyers to make lucrative careers. Serving on the Supreme Court is not one of those ways. The Nine know what they are getting themselves into.

I am generally skeptical of most efforts to “reform” the Court, but this proposal should be given consideration.

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Closing Thoughts on Book Deals for Justices

Since writing my two posts about Justice Barrett’s book deal, I have been reliably informed that the description from Politico was incorrect. Two people independently told me that the book will not be about “how judges are not supposed to bring their personal feelings into how they rule.” Rather, they said, the book will be a collection of letters Justice Barrett wrote to correspondents during the confirmation process. Going forward, I will assume this account is correct–and I have every reason to believe it is. At this point, Sentinel, the conservative imprint, should issue a press release to announce the book, and describe the project. Ideally, the release would include some quote from Justice Barrett herself. Knopf issued such a release for Justice Sotomayor’s memoir in 2010.

This episode illustrates the pitfalls of a Supreme Court justice writing a book. Much of my negative commentary here is likely informed by my experience with book publishers. And I think that background will shed some light on my critical posts.

I’ve worked with a popular press, an academic press, and a trade press. Perhaps the greatest advantage of an academic press is they are the least interested in selling books. The goal of an academic press is to spread influential ideas. Maybe those books will be sold to libraries, and have some course adoptions. Thankfully, expectations are low. For that reason, the advances are small (or $0) and the royalties are tiny. Yet, academic publishers provide authors–generally professors–with the greatest autonomy and latitude. When I worked with Cambridge University Press, I never felt the slightest pressure to produce a certain type of book for a certain audience. There were no efforts to trim the size of the book–Unraveled ballooned to nearly 600 pages. Nor was there any attempt to influence how I marketed the book. The process was entirely hands-off. Of course, that meant that not that many books were sold. But I knew those details going in. (And thankfully, I greatly exceeded Cambridge’s low expectations).

The popular press was an entirely different experience. The goal of a popular press is to sell as many books as possible. Full stop. And that demand exerts a lot of pressure on the authors. My first book, Unprecedented, was published with a popular press. On the whole, the experience was positive. But throughout the process, I felt pressure to produce a more edgy book that will appeal to conservative buyers. I resisted that pressure, because I wanted to write a more neutral book that would be the definitive account of NFIB v. Sebelius.

An anecdote will illustrate these dynamics. From the beginning, I wanted the title to be “Unprecedented.” It encapsulated in a word the constitutional arguments in the ACA litigation. At one point, I joked with my editor that we could call the book The People v. Obamacare. I was riffing on The People v. Larry Flynt. (Which, by the way, has one of the most realistic SCOTUS scenes in any move I’ve watched; the Justice Scalia actor read the question from the transcript, almost verbatim). My editor loved this farcical title. Indeed, he sent a book notice with that title to Amazon! I was furious. That title would convey a very different message, and not at all appeal to the market I wanted to target. We had a huge fight, and I threatened to cancel the entire project, walk away, and return the advance. (A good rule of thumb: never begin any project unless you are really willing to walk away). Finally, the editor relented and we went with my preferred title.

Later in the process, I delivered the finally manuscript. The editor said it was 25,000 words too long. Yes, I actually had to delete the equivalent of a law review article. Trashed. Plus I had to completely rewrite the ending to make it more edgy. Some of the suggestions were helpful. But I was not fully satisfied with the revised ending. It is the weakest part of the book, in my estimation. And so on. My point is that popular presses have very specific expectations. Law review editors fight over picayune footnotes, but generally let authors write their own books. Popular presses take a much more hands-on approach.

That background brings me to conservative imprints. While I was shopping the proposal for Unprecedented, I spoke with an editor at a famous conservative imprint. (If I said his name, you would know it). We had a really friendly chat, where he told me exactly what he expected. He wanted a book that would appeal to the then-booming Tea Party audience, and get me booked on Fox News. He wanted something that would savage President Obama as a lawless autocrat, and attack the ACA as a socialist takeover of health care. I had no interest in writing that book, and I did not pursue that option.

Sentinel, the conservative imprint Justice Barrett signed with, is in the same ballpark as the imprint I spoke with. Sentinel is currently featuring books by Allie Beth Stuckey, Dave Rubin, and Jordan Peterson. (If you don’t know who these people are, google them.) These books are targeting a very specific conservative audience. Now I don’t think an editor would try to push around Justice Barrett, the way I was pushed around. But the relationship can be distorted in different ways. Specifically, the publisher has latitude to market the book in ways that may not cohere with Justice Barrett’s direction.

Take the quote given to Politico. It is possible that someone from Sentinel gave it to a journalist. That unnamed sources may have been misinformed about Barrett’s book. Or, the sources may have been trying to pump up the book to appeal to more buyers. (A book of letters sounds lovely, but would not offer any insights into ACB’s judicial decision-making process.) It’s also possible the Politico sources did not work for Sentinel. Maybe even a flak at a competitor leaked the quote. Who knows?

But here we are, arguing over the content of a book deal for the newest member of the Supreme Court. How to resolve this impasse? Does the Court’s PIO office release a statement? Of course not. Does Justice Barrett start tweeting? Lord no. Instead, the publisher should issue a press release. (My suggestion at the top of the post). And Justice Barrett should be much more active in the press materials to avoid any future errors. Yet, herein lies the dilemma.

Why should a Supreme Court justice be wasting her time on these sort of mundane matters? There are so many more important things to be done. Read more cert petitions. Write more statements concerning the denial of certiorari. (I really respect Justice Sotomayor’s attention to the docket). Write more concurrences expounding on the original meaning of the Constitution. All of those tasks would actually advance the law. Spending time to write, and publish a book that is a collection of letters? That should not be a priority now. In a decade, write an opus like Reading Law or A Matter of Interpretation. At that point, there will be 17 Justices (the next prime number after 13), the Court’s jurisdiction will be substantially stripped, so the workload should be lower.

This realization brings me to my final point. The federal courts impose very strict rules on outside sources of income. And the Supreme Court seems to follow this rule as a matter of practice. For example, judges are allowed to teach, but usually cannot earn more than about $20,000 per year. That’s about it. Yet book advances and royalties are trapped in some sort of ethical black hole. A publisher is a for-profit concern. During the terms of a book contract, the Supreme Court justice works for the publisher. It is a traditional principal-agent relationship. In my prior post, I identified the inherent conflict of interests between writing opinions that appeal to conservatives and selling books that appeal to conservatives. These conflicts are not allowed to exist in any other context. But, for whatever reason, book contracts are exempt.

I think there is only way to cure this problem: a cap on annual royalties and book advances. Perhaps pegged to the same amount as teaching gigs. Any royalties or advances above that amount can be donated to charity. (RBG routinely donated prizes she received to charity). Or deposit the money in the United States Treasury. Wherever. But Justices should not be able to use the prestige of their office to sell books to the public, and in doing so create inescapable conflicts of interests. (And don’t try to tell me that a book royalty is an emolument–I know Justice Breyer has sold his books abroad.). No other government employee can write a book while in office. Then again, most government employees lack life tenure. Here, I am unsympathetic. There are plenty of ways for lawyers to make lucrative careers. Serving on the Supreme Court is not one of those ways. The Nine know what they are getting themselves into.

I am generally skeptical of most efforts to “reform” the Court, but this proposal should be given consideration.

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Ukraine’s Zelensky Invites Putin To Meet In War-Torn East: “Million Lives At Stake”

Ukraine’s Zelensky Invites Putin To Meet In War-Torn East: “Million Lives At Stake”

Following on the heels of last week’s Joe Biden invitation to Vladimir Putin for a bilateral summit proposed for the summer to tackle a range of still simmering contentious issues, Ukraine’s President Volodymyr Zelensky has issued a surprised invitation late Tuesday for Putin to meet him in the war-torn east of Ukraine

In making the announcement Zelensky told Putin that such a direct high states meeting where the two leaders can talk de-escalation is essential as there are a “million lives at stake” in any potential outbreak of major conflict, according to AFP:

Zelensky told the Russian leader that he was ready “to invite you to meet anywhere in the Ukrainian Donbass where the war is going on”, adding that “million of lives at stake” in the conflict between government forces and pro-Kremlin separatists in the east of the country.

Days ago Zelensky traveled to an area near Mariupol in Donetsk where he “walked the front line with the troops” amid renewed fighting with Russian-backed separatists in the eastern Donbass region.

Zelensky’s direct invitation to Putin to meet over the crisis came the same day Russia’s Defense Ministry justified its troop build-up in the South, particularly in Crimea and near the border with Ukraine, by calling it a necessary “deterrent” to NATO’s “destabilization” of the region. 

Defense Minister Sergei Shoigu said that “Nato’s attempts to destabilize situations in the Middle East and Transcaucasian region force Russia to take symmetric measures of strategic deterrence,” according to an Interfax citation by Bloomberg

Following Biden’s proposal to meet face-to-face with Putin we and others noted that it appeared Ukraine’s leadership had been effectively sidelined by the two rival superpowers. As one FT piece had underscored, Putin’s troop build-up has succeeded in pressuring the Biden administration for a coveted summit to decide the future of Ukraine. 

“The summit format will also please the Kremlin by effectively cutting Kyiv out of any negotiations, and allow Putin to project the image of two global superpowers deciding the future fate of the conflict,” FT observed.

Zelensky’s Tuesday appeal to Putin appears an attempt to assert that no major agreements or decisions can be reached without direct negotiations involving Ukraine’s leader. 

Tyler Durden
Wed, 04/21/2021 – 01:00

via ZeroHedge News https://ift.tt/2P7BKzz Tyler Durden

The COVID-19 Disaster That Did Not Happen in Texas


Greg-Abbott-2-17-21-Newscom-3

When Texas Gov. Greg Abbott, a Republican, lifted his statewide face mask mandate and his limits on business occupancy in early March, Democrats warned that he was inviting a public health disaster. Yet a month and a half later, newly identified coronavirus cases in Texas have fallen by more than 50 percent, and daily deaths have dropped even more.

Meanwhile, states with stricter COVID-19 regulations have seen spikes in daily new cases. This is not the pattern you would expect to see if government-imposed restrictions played a crucial role in curtailing the pandemic, as advocates of those policies assume.

Abbott’s critics did not mince words. President Joe Biden said the governor’s decision reflected “Neanderthal thinking.” Gilberto Hinojosa, chairman of the Texas Democratic Party, said it was “extraordinarily dangerous” and “will kill Texans.”

One reason those dark prophecies have not come true: The practical impact of Abbott’s changes was much less significant than his detractors implied.

Most businesses in Texas had been allowed to operate at 75 percent of capacity since mid-October, when Abbott also allowed bars to reopen. It was implausible that removing the cap would have much of an impact on virus transmission, even in businesses that were frequently hitting the 75 percent limit.

While Abbott said Texans would no longer be legally required to cover their faces in public, he urged them to keep doing so, and many businesses continued to require masks. At the stores I visit in Dallas, there has been no noticeable change in policy or in customer compliance.

Conversely, face mask mandates and occupancy limits did not prevent COVID-19 surges in states such as Michigan, where the seven-day average of newly confirmed infections has risen more than fivefold since March 1; Maine, which has seen a nearly threefold increase; and Minnesota, where that number has more than doubled. Cases also rose during that period, although less dramatically, in other states with relatively strict COVID-19 rules, including Delaware, Maryland, Massachusetts, New Jersey, Pennsylvania, and Washington.

Florida, a state often criticized as lax, also has seen a significant increase in daily new cases: 34 percent since mid-March. But Florida, despite its relatively old population, still has a per capita COVID-19 death rate only a bit higher than California’s, even though the latter state’s restrictions have been much more sweeping and prolonged.

In any event, COVID-19 surges are happening mainly in states with more legal restrictions than Florida or Texas is imposing. The Washington Post nevertheless says “experts…agree” that rising infection numbers are largely due to “a broad loosening of public health measures, such as mask mandates and limits on indoor dining”—a claim that is tenable only if you ignore all the countervailing examples.

States differ from each other in various ways that may affect the spread of COVID-19, of course, so you can learn only so much from comparisons like these. But several systematic studies have cast doubt on the effectiveness of broad legal restrictions.

While some researchers have concluded that lockdowns had an important impact, others say there is little or no evidence that they affected mortality rates or trends in cases. According to a Nature Human Behaviour study of 226 countries published in November, “a suitable combination of NPIs [nonpharmaceutical interventions] is necessary to curb the spread of the virus,” but “less disruptive and costly NPIs can be as effective as more intrusive, drastic ones (for example, a national lockdown).”

In a 2020 National Bureau of Economic Research paper, UCLA economist Andrew Atkeson and two other researchers looked at COVID-19 trends in 23 countries and 25 U.S. states that had seen more than 1,000 deaths from the disease by late July. After finding little evidence that variations in public policy explained the course of the epidemic in different places, they concluded that the role of legal restrictions “is likely overstated.”

That much seems safe to say in light of more recent experience in the United States.

© Copyright 2021 by Creators Syndicate Inc.

from Latest – Reason.com https://ift.tt/32vpzjh
via IFTTT

The COVID-19 Disaster That Did Not Happen in Texas


Greg-Abbott-2-17-21-Newscom-3

When Texas Gov. Greg Abbott, a Republican, lifted his statewide face mask mandate and his limits on business occupancy in early March, Democrats warned that he was inviting a public health disaster. Yet a month and a half later, newly identified coronavirus cases in Texas have fallen by more than 50 percent, and daily deaths have dropped even more.

Meanwhile, states with stricter COVID-19 regulations have seen spikes in daily new cases. This is not the pattern you would expect to see if government-imposed restrictions played a crucial role in curtailing the pandemic, as advocates of those policies assume.

Abbott’s critics did not mince words. President Joe Biden said the governor’s decision reflected “Neanderthal thinking.” Gilberto Hinojosa, chairman of the Texas Democratic Party, said it was “extraordinarily dangerous” and “will kill Texans.”

One reason those dark prophecies have not come true: The practical impact of Abbott’s changes was much less significant than his detractors implied.

Most businesses in Texas had been allowed to operate at 75 percent of capacity since mid-October, when Abbott also allowed bars to reopen. It was implausible that removing the cap would have much of an impact on virus transmission, even in businesses that were frequently hitting the 75 percent limit.

While Abbott said Texans would no longer be legally required to cover their faces in public, he urged them to keep doing so, and many businesses continued to require masks. At the stores I visit in Dallas, there has been no noticeable change in policy or in customer compliance.

Conversely, face mask mandates and occupancy limits did not prevent COVID-19 surges in states such as Michigan, where the seven-day average of newly confirmed infections has risen more than fivefold since March 1; Maine, which has seen a nearly threefold increase; and Minnesota, where that number has more than doubled. Cases also rose during that period, although less dramatically, in other states with relatively strict COVID-19 rules, including Delaware, Maryland, Massachusetts, New Jersey, Pennsylvania, and Washington.

Florida, a state often criticized as lax, also has seen a significant increase in daily new cases: 34 percent since mid-March. But Florida, despite its relatively old population, still has a per capita COVID-19 death rate only a bit higher than California’s, even though the latter state’s restrictions have been much more sweeping and prolonged.

In any event, COVID-19 surges are happening mainly in states with more legal restrictions than Florida or Texas is imposing. The Washington Post nevertheless says “experts…agree” that rising infection numbers are largely due to “a broad loosening of public health measures, such as mask mandates and limits on indoor dining”—a claim that is tenable only if you ignore all the countervailing examples.

States differ from each other in various ways that may affect the spread of COVID-19, of course, so you can learn only so much from comparisons like these. But several systematic studies have cast doubt on the effectiveness of broad legal restrictions.

While some researchers have concluded that lockdowns had an important impact, others say there is little or no evidence that they affected mortality rates or trends in cases. According to a Nature Human Behaviour study of 226 countries published in November, “a suitable combination of NPIs [nonpharmaceutical interventions] is necessary to curb the spread of the virus,” but “less disruptive and costly NPIs can be as effective as more intrusive, drastic ones (for example, a national lockdown).”

In a 2020 National Bureau of Economic Research paper, UCLA economist Andrew Atkeson and two other researchers looked at COVID-19 trends in 23 countries and 25 U.S. states that had seen more than 1,000 deaths from the disease by late July. After finding little evidence that variations in public policy explained the course of the epidemic in different places, they concluded that the role of legal restrictions “is likely overstated.”

That much seems safe to say in light of more recent experience in the United States.

© Copyright 2021 by Creators Syndicate Inc.

from Latest – Reason.com https://ift.tt/32vpzjh
via IFTTT