Tuesday, June 21, 2022

AN HISTORIC APPOINTMENT | Huff Post

The Treasury Department announced Tuesday that President Biden had picked Lynn Malerba, lifetime chief of the Connecticut-based Mohegan Tribe, to be the next U.S. Treasurer. The position oversees the U.S. Mint, the Bureau of Engraving and Printing, and the U.S. Bullion Depository, better known as Ft. Knox.

Biden Names Mohegan Tribe Member To Be First Native American U.S. Treasurer

Lynn Malerba, the first woman to be named ceremonial chief of the Mohegan Tribe, will have her name on currency and head up a new Treasury Department tribal affairs office.

<div class=__reading__mode__extracted__imagecaption>Lynn Malerba of the Mohegan Tribe in Connecticut has been picked to be the U.S. Treasurer, which oversees the U.S. Mint and the Bureau of Engraving and Printing. Created back in the days of the Continental Congress, the post is older than the Treasury Department, where it is now housed.

Move over, Andrew Jackson — you’re going to have to share the face of the $20 bill with a Native American woman soon. . .

The Treasurer’s office dates back to the Continental Congress before the Treasury Department itself was created and one of its perks is having the Treasurer’s signature appear on the front faces of U.S. currency bills, an honor shared with the Treasury Secretary.

That means once she’s settled, Malerba, whose ceremonial title as lifetime chief was bestowed upon her by the tribe’s Council of Elders, will have her name on the $20 bill, next to the portrait of Andrew Jackson. Jackson is the president responsible for the removal of several tribes from the Southeastern U.S. and is blamed for the consequent Trail of Tears.

Treasury said Malerba will be the first tribal leader and first Native woman to ever sign the nation’s currency.

In addition to her responsibilities with the Mint and the Bureau of Engraving and Printing, Malerba will also head up a new Office of Tribal and Native Affairs meant to be a hub for Treasury policy affecting tribes.

“This is an historic appointment,” said Treasury Secretary Janet Yellen, who announced the appointment as part of a trip to the Rosebud Indian Reservation in South Dakota. “Her leadership and experience will deepen our commitment to help expand economic opportunities for all Tribal communities.”

Prior to being the first woman named lifetime chief, in 2010, Malerba was chairwoman of the Tribal Council, the tribe’s CEO post, and executive director of the tribe’s Health and Human Services department. She has also served on advisory councils for the Indian Health Service, the Justice Department and Treasury."

 

 

Elon Musk Says U.S. Recession Is ‘Inevitable,’ More Likely In The Near-Term

Speaking at the Qatar Economic Forum, Musk said a recession is “inevitable at some point,” when asked to respond to President Joe Biden’s contention that it was not inevitable...

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Elon Musk Says U.S. Recession Is ‘Inevitable,’ More Likely In The Near-Term

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Topline

Tesla CEO and billionaire Elon Musk said the U.S. economy will likely face a recession in the near term in an interview with Bloomberg on Tuesday, echoing concerns raised by several other top business leaders and financial institutions following the Federal Reserve’s recent, steeper-than-expected hike in key interest rates.

The billionaire said although not a certainty, it is “more likely than not” that a downturn is coming in the near term, without offering a specific timeline.

Previously, in an internal email to Tesla executives, Musk said he had a “super bad feeling” about the economy as he called for layoffs in the company. . .

Big Number

76.1%. That’s the percentage of CEOs who believe they are either currently facing or will face a recession by the end of 2023 in their region of operation, according to a survey conducted by the Conference Board business research group. The survey in question was conducted in May, several weeks before the Federal Reserve’s steep hike in interest rates, which heightened concerns about a downturn.

Key Background

Besides Musk, several other top business leaders in the U.S. have flagged concerns about an upcoming recession in the U.S. Speaking two days before the Fed’s rate hike, Morgan Stanley CEO James Gorman placed the odds of a recession at “50-50” up from an earlier prediction of 30%. Gorman, however, said that a “deep or long recession” was unlikely. Earlier this month, JP Morgan CEO Jamie Dimon, without explicitly mentioning a recession, warned of an economic “hurricane” fueled by the Ukraine war and high inflation. Dimon said his bank is preparing for “bad outcomes.” Similarly, Wells Fargo CEO Charles Scharf in May said it will be “hard to avoid some kind of recession” but he did not expect it to be a deep recession. Last week, the Federal Reserve raised interest rates by 75 basis points to a target range of 1.5% to 1.75%—its steepest hike in 28 years. The measure was undertaken after data from the Labor Department showed that consumer prices in the U.S. were at a 40-year high with annual inflation surging to 8.6% in May.

Tangent

Musk, who has recently spoken about his political realignment from being a Democrat to a Republican, said in the interview he is planning to spend a “non-trivial” amount of around $25 million for funding a super PAC in the 2024 presidential elections. The billionaire, however, remained non-committal about supporting Donald Trump’s candidacy, stating he was “undecided at this point.”

RELATED

4 hours ago · Elon Musk, Nouriel Roubini and Goldman Sachs Group Inc. have warned of a growing likelihood that the US economy will fall into recession.

 

Elon Musk, Nouriel Roubini and Goldman warn of rising US recession risk

Their outlooks will stoke fears of a hard landing for the world’s biggest economy as the Federal Reserve jacks up interest rates to counter the fastest pace of inflation in decades.

Elon Musk, Nouriel Roubini and Goldman Sachs Group Inc. have warned of a growing likelihood that the US economy will fall into recession.

Their outlooks will stoke fears of a hard landing for the world’s biggest economy as the Federal Reserve jacks up interest rates to counter the fastest pace of inflation in decades.

> Goldman Sachs economists cut their US growth forecasts and warned in a research note Monday that the risk of recession is rising.

The Goldman team sees a 30% probability of entering a recession over the next year, up from 15% previously, and a 25% conditional probability of entering a recession in the second year if one is avoided in the first. That implies a 48% cumulative probability in the next two years versus 35% previously.

>  his outlook, Roubini said he expects a US recession by the end of the year. Measures of consumer confidence, retail sales, manufacturing activity and housing are all slowing sharply while inflation is high, the chief executive officer of Roubini Macro Associates said on Bloomberg Television

2 hours ago · Tesla chief executive Elon Musk said a recession in the US 'is inevitable at some point” and' is more likely than not" in the near term.
4 hours ago · (Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk said Tuesday that a recession in the US looks likely. Most Read from Bloomberg.
Video for Elon Musk Says U.S. Recession Is ‘Inevitable,’ More Likely In The Near-Term
4 hours ago · Tesla Inc. CEO Elon Musk says a US recession is "inevitable at some point" and that it's ...
Duration: 0:35
Posted: 4 hours ago

Further Reading

Another Major International Bank Forecasts Recession In The U.S. (Forbes)

Most CEOs Expect A Recession In Next Year, Survey Says (Forbes)

Ukraine attacks oil drilling platforms off Russia's Crimea coast in The Black Sea

Three very recent reports

Ukraine Attacks Crimea Oil Drilling Platforms, 1st Since Russia Invasion

Russia-Ukraine War: Five people had been saved, three of them injured, while the search continued for others "with the involvement of patrol ships and aviation".

<div class=__reading__mode__extracted__imagecaption>Russia-Ukraine War: This is the first reported strike against offshore energy infrastructure in Crimea.

Moscow:

The head of Moscow-controlled Crimea on Monday accused Ukraine of firing on oil drilling platforms off the coast of the peninsula that was annexed by Russia in 2014.

"This morning the enemy attacked the drilling platforms of Chernomorneftegaz," Sergey Aksyonov said on Telegram, referring to the Crimea-based oil and gas company.

"I am in contact with our colleagues from the defence ministry and the FSB (security agency), we are working on saving people," he added.

According to him, five people had been saved, three of them injured, while the search continued for others "with the involvement of patrol ships and aviation".

Aksyonov did not specify which platforms had been affected, but the Chernomorneftegaz operates several gas and oil fields in the Black Sea and in the Sea of Azov.

This is the first reported strike against offshore energy infrastructure in Crimea since Russia launched a military operation in Ukraine on February 24.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated

 

Ukraine attacks oil drilling platforms off Crimea coast: Official

Head of Moscow-controlled Crimea says three people were injured, seven missing after Ukraine fired on Black Sea oil drilling platforms.

<div class=__reading__mode__extracted__imagecaption>A gas storage facility of the Chernomorneftegaz company in Crimea's Chernomorsky district in 2014 [Reuters]

The governor of Moscow-controlled Crimea has said three people were injured and seven are missing after Ukraine fired on three oil drilling platforms in the Black Sea off the Russian-annexed peninsula.

“We confirm that there are three injured and seven reported missing. We guarantee that the search will continue,” Governor Sergey Aksyonov said on Telegram on Monday, referring to platforms of the Crimea-based oil and gas company Chernomorneftegaz.

This is the first reported strike against the offshore energy infrastructure in Crimea since Russia invaded Ukraine on February 24.

Aksyonov, installed by Russia as the peninsula’s governor after the 2014 annexation by Moscow, had previously said five people were injured in the attack before revising the casualty figures.

He said three platforms were targeted, triggering the evacuation of 94 people on the sites, while 15 soldiers remained to guard them.

A search and rescue operation was continuing by air and sea, he said.

Chernomorneftegaz, sanctioned by the United States since 2014, operates several gas and oil fields in the Black Sea and in the Sea of Azov.

Aksyonov said that one platform had been hit, and Olga Kovitidi, a Russian senator for Crimea, told the RIA Novosti agency that there were no victims on the two other platforms that were targeted in the attack.

The Ukrainian military said a food warehouse in the Black Sea port of Odesa was destroyed in a Russian missile attack, but no civilians were killed.

The city has come under sporadic bombardment since the start of the war and is blockaded by the Russian navy, while each side accuses the other of laying mines in the sea.

Ukraine’s Operational Command “South” said Russian forces had fired 14 missiles at southern Ukraine during a three-hour barrage “in impotent anger at the successes of our troops”.

Russia’s military did not immediately comment on the reports.

2

Ukraine delivers three strikes at Black Sea drilling rigs, Crimean leader reports

According to earlier reports, several people were wounded
Crimean governor Sergey Aksyonov Vyacheslav Prokofyev/TASS
Crimean governor Sergey Aksyonov
© Vyacheslav Prokofyev/TASS

SIMFEROPOL, June 20. /TASS/. Ukrainian forces have delivered three strikes at Chernomorneftegaz drilling rigs in the Black Sea, Crimean leader Sergey Aksyonov said on Rossiya-24 television on Monday.

"The first strike was delivered at 8:37 am Moscow time, and in all, there have been three strikes at three natural gas rigs," he said.

Earlier on Monday, Aksyonov reported several people wounded in a Ukrainian strike at the Black Sea rigs.

Crimea’s state-owned Chernomorneftegaz produces natural gas and gas condensate and holds a license to develop the Povorotnoye natural gas deposit. The company has drilling rigs off Crimea’s Black Sea coast, on the peninsula and in the Sea of Azov.

WHAT DO YOU DO WHEN YOU'RE IN DEEP TROUBLE? ...Find a Good War!

Intro: Research by the i newspaper has revealed that these sudden conflabs with Zelenskiy have coincided precisely with Johnson’s moments of acutest embarrassment. . .Of course all these calls may be pure coincidence.
All leaders need advice and comfort, and find them often in peculiar places - Johnson has clearly fallen back on the last resort of any leader in trouble, be they autocrat or democrat, which is to find a good war.
BLOGGER NOTE: 4 Western leaders also visited performative President Zelenskiy last week
Starting a war rescued his predecessor Thatcher, and fighting one made the reputation of his idol Churchill.
We must perhaps be thankful Johnson has not started one of his own. Instead he has hijacked someone else’s. Is that really the best he can do?

Whenever Johnson has a problem, he calls Zelenskiy – and the bill is rapidly mounting

<div class=__reading__mode__extracted__imagecaption>Boris Johnson with Volodymyr Zelenskiy in Kyiv, Ukraine, 17 June 2022.  Photograph: AP<br>Boris Johnson with Volodymyr Zelenskiy in Kyiv, Ukraine, 17 June 2022.  Photograph: AP</div>

Each domestic disaster is followed by a call pledging more aid to Kyiv – it’s the most expensive therapy session in history

What do you do when in deep trouble? Boris Johnson is having his fill of it, but does he consult his chief whip, his political aides, his secretaries or his wife? Intriguingly he turns to someone in even deeper trouble that himself, the Ukrainian president Volodymyr Zelenskiy.

Last Wednesday the prime minister suffered the humiliating departure of his so-called “ethics” adviser, Lord Geidt. Johnson was facing a critical meeting with northern MPs before the upcoming Wakefield by-election. It was a three-line whip: nowhere was his presence more vital to boost morale and find votes. Yet not long after the Geidt statement Johnson cancelled his ticket to Yorkshire in favour of one across Europe deep into Ukrainian territory. He clearly and desperately needed the embrace and consoling chat of his friend Zelenskiy. Ducking and weaving from Putin’s missile batteries is clearly as nothing to the cluster weaponry of a bunch of Tory backbenchers. . .

On 6 June Sir Graham Brady announced that Tory MPs were ready to vote on their party leadership. Within three hours Johnson was on the phone to Zelenskiy. A month earlier, on 5 May, the day of local elections with dire results, Johnson sought comfort from the same source. On 30 April there was disastrous news of MP Neil Parish’s resignation. Johnson called Kyiv. On 23 April, news broke that the Met was issuing fines over a bring-your-own-bottle lockdown party at Downing Street. Johnson called Kyiv. On 16 April, when the UN savaged the Rwanda plan, Johnson called Kyiv. On 12 April Johnson was fined by the Metropolitan police over Partygate, and he called Kyiv. Was it really to discuss strategy in Donbas? Surely it was just a celebrity shoulder to cry on and a good news headline.

One wonders what on earth they discuss. Does Johnson plead that Vladimir Putin must be an absolute doddle compared with his Keir Starmer? Do they discuss peace in our time or what they had for tea? All we know is that on almost every occasion, Johnson conjures from the air another tranche of British taxpayers’ money in aid for Ukraine. It must be the most expensive psychotherapy session in history. . ."

You are invited to read more >> https://www.theguardian.com/commentisfree/2022/jun/20/boris-johnson-volodymyr-zelenskiy-phone-call-kyiv-aid

 

 

Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) has arrived in Cairo on the first leg of a Middle East tour

U.S. President Joe Biden is scheduled to visit Saudi Arabia at the tail end of his July 13-16 Middle East trip that includes stops in Israel and the occupied West Bank.
He will hold talks with the crown prince as part of an effort to reset US-Saudi ties.
The Biden administration could use help from the kingdom, which is one of the world’s biggest oil producers, to alleviate soaring prices at the pump for motorists at home and around the globe.

Saudi Crown Prince MBS visits Egypt at start of regional tour

The Saudi leader will hold talks with President el-Sisi on Tuesday before heading to Jordan and Turkey as part of his tour.

Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) has arrived in Cairo on the first leg of a Middle East tour that comes ahead of United States President Joe Biden’s trip to the region next month.

Egyptian President Abdel Fattah el-Sisi received MBS at the airport on Monday evening, a courtesy to the de facto Saudi leader, who is a steady financial backer of the Egyptian government.

Both leaders are scheduled to hold talks in the country’s presidential palace in Cairo on Tuesday. They will discuss “regional and wider international political affairs”, said Bassam Radi, a spokesman for el-Sisi.

The Saudi crown prince will then depart to Jordan for talks with its monarch, King Abdullah II, also a close ally of Saudi Arabia.

MBS is then scheduled to travel to Turkey to meet with President Recep Tayyip Erdogan, who visited Saudi Arabia in April for the first time in five years as the two countries repair ties. Saudi-Turkey relations frayed following the 2018 killing of Saudi journalist Jamal Khashoggi in the kingdom’s Istanbul consulate.

The crown prince’s talks in Cairo and Amman are aimed at coordinating their positions on key issues, Saudi officials have said, ahead of a joint summit with President Joe Biden in Jeddah next month.

The summit will also include Iraq’s prime minister and other Gulf leaders. The officials spoke on condition of anonymity to discuss details of the tour.

Biden is scheduled to visit Saudi Arabia at the tail end of his July 13-16 Middle East trip that includes stops in Israel and the occupied West Bank. He will hold talks with the crown prince as part of an effort to reset US-Saudi ties.

The Biden administration could use help from the kingdom, which is one of the world’s biggest oil producers, to alleviate soaring prices at the pump for motorists at home and around the globe. . .

(Saudi Arabia has been a major financial and political backer of Egyptian President Abdel Fattah el-Sisi [Saudi Press Agency/Reuters]

Egypt is the most populous country in the Arab world and Saudi Arabia one of the wealthiest. They tightened their longstanding alliance after el-Sisi, then the defence minister, led a military coup against President Mohamed Morsi in 2013.

Since then, Riyadh has provided tens of billions of dollars in aid and investment which have helped keep the Egyptian economy afloat.

Earlier this year, Saudi Arabia, Qatar and the United Arab Emirates pledged a total of $22bn in the form of deposits and direct investments in Egypt in a bid to stabilise its battered economy after Russia’s invasion of Ukraine.

The war in Europe has rattled the global economy and caused oil prices to soar, affecting countries around the world."

MARICOPA COUNTY: HIGH DUST RISK STAGNATION for Tuesday, Wednesday + Thursday

About ADEQ: PROTECTING AND ENHANCING PUBLIC HEALTH AND THE ENVIRONMENT

PM10 (dust) should stay locally driven. PM10 levels will be highest in industrial areas south/southwest of the Phoenix metro area, as is typical for a weekday.

Maricopa County Forecast

Under the Environmental Quality Act of 1986, the Arizona State Legislature established the Arizona Department of Environmental Quality in 1987 as the state agency for protecting and enhancing public health and the environment of Arizona. For more information, visit azdeq.gov.

ADEQ will take reasonable measures to provide access to department services to individuals with limited ability to speak, write or understand English and/or to those with disabilities. Requests for language translation, ASL interpretation, CART captioning services or disability accommodations must be made at least 48 hours in advance by contacting the Title VI Nondiscrimination Coordinator, Leonard Drago, at 602-771-2288 or Drago.Leonard@azdeq.gov. For a TTY or other device, Telecommunications Relay Services are available by calling 711.

ADEQ tomará las medidas razonables para proveer acceso a los servicios del departamento a personas con capacidad limitada para hablar, escribir o entender inglés y/o para personas con discapacidades. Las solicitudes de servicios de traducción  de idiomas, interpretación ASL (lengua de signos americano), subtitulado de CART, o adaptaciones por discapacidad deben realizarse con al menos 48 horas de anticipación comunicándose con el  Coordinador de Anti-Discriminación del
Título VI, Leonard Drago, al 602-771-2288 o Drago.Leonard@azdeq.gov. Para un TTY u otro dispositivo, los servicios de retransmisión de telecomunicaciones están disponible llamando al 711. 

mc dust

dust risk

ISSUED ON: Tuesday, June 20, 2022

This proactive, air quality forecast is part of a statewide effort to engage communities in areas not meeting health-based standards, so they can make informed decisions and take precautionary steps to protect themselves and their families.

ADEQ produces this forecast, valid for areas within and bordering Hayden, Monday through Friday. For details about this forecast and to learn more about ADEQ statewide forecasting, visit: azdeq.gov/forecasting.

What has our attention right now is that models are hinting at the possibility of the Valley's first dust storm(s) of the season. Strong thunderstorm outflow winds may be possible each day Tuesday through Thursday. And Tuesday and Wednesday may see those winds out of the southeast--in other words--where the greatest dust source is.

- M. Graves
ADEQ Meteorologist

As always, we'll have to take this one day at a time, as the smaller details of monsoonal thunderstorms are difficult to pin down in advance.

But for now, we have raised the dust risk to High for Tuesday and Wednesday, and Moderate for Thursday.

AQI Animation - https://files.airnowtech.org/airnow/today/anim_aqi_phoenix_az.gif

Dust Risk-Based Forecast | Maricopa County

Tuesday

Stagnation: Early morning stagnation

Wind: East-southeasterly winds of 5-15 mph in the morning; strong thunderstorm outflows possible in the afternoon, 25+ mph winds with higher gusts

Wednesday

Stagnation: Early morning stagnation

Wind: East-southeasterly winds of 5-15 mph in the morning; strong thunderstorm outflows possible in the afternoon, 25+ mph winds with higher gusts

Thursday

Stagnation: Morning stagnation

Wind: Strong thunderstorm outflows possible in the evening, 25+ mph winds with higher gusts

Friday

Stagnation: Morning and evening stagnation

Wind: Mostly light winds; outflows may be possible

Saturday

Stagnation: Morning and evening stagnation

Wind: Mostly light winds

PM10 (dust) should stay locally driven. PM10 levels will be highest in industrial areas south/southwest of the Phoenix metro area, as is typical for a weekday.

RELATED FROM 2018

05 January 2018

Yipes! Now There's A Dusk Risk Due to Drought

Get this - seriously, folks! - The latest U.S. Drought Monitor update shows 28.6 percent of Arizona is now in severe drought.
This is up from zero percent of the state being in severe drought back in October.

Maricopa County Forecast

Monday, June 20, 2022

LOCUS OF CONTROL: Internal and External

It is easier to understand the contexts that shape self-injury than it is to comprehend acts of harm committed against others. . .evidence shows that, like disease, crime has a recipe: social, economic and environmental disadvantage. Indeed, risk factor research in criminology has its origins in public health. Large family size, unstable income, family members involved in crime, and easy access to drugs and firearms are all associated with a greater risk of falling into criminality.
But risk factors and social determinants of life outcomes need to be handled with care.
They are not by themselves predictors of a person’s future. Everyone has heard of the archetypal granny who lived to 100 despite smoking 60 a day, and her not-so-fortunate opposite. There are no crystal balls, but on a population level, understanding the contexts and causes of harmful behaviour can be transformative – and the thread that ties most of these causes together is poverty

The big idea: are we responsible for the things we do wrong?

Context is crucial, but does that really mean we can leave free will out of the picture?

<div class=__reading__mode__extracted__imagecaption>Illustration: Elia Barbieri/The Guardian<br>Illustration: Elia Barbieri/The Guardian</div>

The question of whether we are responsible for the harm we cause goes to the heart of who we think we are, and how we believe society should run. Guilt, blame, the existence of evil, and free will itself can complicate this question to the point of near absurdity. And yet, as absurd as it may be, it is unavoidable. Taking a binary approach, whichever path one chooses, can lead to difficulties very quickly. On the one hand, if we are solely responsible for the things we do wrong, some genuinely malevolent parties get off scot-free. On the other, if we locate responsibility entirely outside the individual, we relegate ourselves to sentient flotsam buffeted by currents beyond our control.

In my own medical career, I have seen attitudes shift considerably around the idea that individuals should take personal responsibility for the harm they do to themselves. Self-injurious behaviours such as alcoholism and drug addiction have rightly been reframed as diseases rather than lifestyle choices. In the case of opiate dependence, as the huge numbers of people hooked on prescription painkillers in the United States demonstrates, “bad” behaviour is often caused directly by doctors and pharmaceutical companies. But even with less dramatic examples, there is a growing acknowledgement that personal choice is not the biggest driving factor.

Over years as an inner city GP, I have met people whose apparent choices seem to be pushing them towards an early grave

While we all inherit a deck of cards shuffled at conception in terms of our genetic predispositions to illness or certain behaviours, it is context that can either engage the safety catch or pull the trigger. Social determinants of health, including income, physical environment, working conditions, housing and access to good food and healthcare account for up to 55% of health outcomes. They are the source of staggering disparities in life expectancy between the most and least deprived places. . .

[    ] It takes huge effort to change habits and to steer a life’s ship away from the path of least resistance. While on a population level, understanding the causes of bad choices is necessary – but not sufficient – to inform good policy, on an individual level it is perhaps better to avoid bringing it into the conversation.

Social labelling can be tremendously powerful, and toxic. It does not help people like my junk food fan to view themselves as victims. The opposite is true. Human dignity and hope require faith in free will, even if agency is at worst an illusion, and at best a partial explanation wreathed in caveats."

Further reading

Pathologies of Power: Health, Human Rights, and the New War on the Poor by Paul Farmer (University of California, £24)

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