Jim Cramer reminds investors that market pain is needed to prevent endless price hikes

US Top News and Analysis 

CNBC’s Jim Cramer on Thursday reminded investors that pain in the stock market is unfortunately necessary for the Federal Reserve to win against inflation.

“Nobody wants to root for layoffs or lower stock prices. But the alternative is persistently high inflation — endless price increases for everything — and nobody wants that either,” he said.

Stocks fell on Thursday after fresh data indicated that the labor market remains strong, despite the Fed’s aggressive interest rate hikes to tamp down rising prices. 

Cramer explained that while the Fed needs to make it so that companies can no longer raise prices for goods and services, it’s inevitable that such an outcome will hurt portfolios.

“Lower home prices – it’s good if you’re looking for a house, but it’s awful if you own shares in homebuilder Lennar,” he said as an example. “In other words, there’s no free lunch for you, the investor.”

And while it’s unclear when the central bank will be able to roll back its interest rate increases and stop hurting the market, he said that the release of the nonfarm payrolls report on Friday will shed more light on the state of inflation.

“If it doesn’t show higher unemployment with no wage growth, the Fed will need to keep aggressively raising interest rates,” Cramer said.

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Michigan Sen. Debbie Stabenow won't seek reelection in 2024


Washington
CNN
 — 

Sen. Debbie Stabenow will not seek reelection in 2024, the longtime Michigan Democrat said Thursday, opening up a Senate seat in a key swing state.

“Inspired by a new generation of leaders, I have decided to pass the torch in the U.S. Senate. I am announcing today that I will not seek re-election and will leave the U.S. Senate at the end of my term on January 3, 2025,” Stabenow, 72, said in a statement.

Stabenow’s decision comes just months after Democrats held on to control of the Senate in the midterm elections. Senate Democrats were already facing a tough map in 2024, but Stabenow’s decision to retire puts another seat in a crucial swing state in play.

Stabenow, who previously served in the Michigan state House and state Senate, first won election to Congress in 1996, winning a swing seat in Central Michigan. After two terms in the House, she won election to the Senate in 2000, unseating Republican incumbent Spencer Abraham. In the Senate, she rose to become the current No. 3 Democrat in the chamber as chair of her caucus’s Policy and Communications Committee. She also currently chairs the Senate Agriculture Committee.

“No one embodies the true Michigan spirit more than Debbie Stabenow,” Senate Majority Leader Chuck Schumer said in a statement. “From the state legislature to the House of Representatives, and for the last two decades in the United States Senate, Debbie has made a difference for Michiganders every step along the way.”

Democrats are defending 23 of the 34 Senate seats up for reelection next year, including three seats in states that backed former President Donald Trump by at least 8 points in 2020: West Virginia, Montana and Ohio.

Besides Michigan, the party is also defending seats in other battleground states such as Arizona, Nevada, Pennsylvania and Wisconsin.

In the wake of Stabenow’s announcement, Democratic Rep. Elissa Slotkin is closely looking at running for Senate, a source close to the congresswoman’s team told CNN.

Other potential candidates for the seat include Republican Rep. Bill Huizenga and Rep.-elect John James and Democratic Reps. Dan Kildee and Debbie Dingell and Democratic state Sen. Mallory McMorrow, who drew national attention last year in a floor speech pushing back against anti-LGBTQ attacks from a Republican colleague. James lost a closer-than-expected race to Stabenow in 2018 and then narrowly lost a bid for the state’s other Senate seat in 2020, before winning election to the House in November from a swing seat north of Detroit.

Two high-profile Democrats took their names out of contention Thursday for Stabenow’s seat.

A spokesman for Michigan Gov. Gretchen Whitmer, who was reelected to a second term in November, confirmed that the Democrat will not run for Senate in 2024.

Transportation Secretary Pete Buttigieg said in a statement to CNN that he is “fully focused” on his current role and “not seeking any other job.”

The former mayor of South Bend, Indiana, moved last year to Michigan, where the parents of his husband, Chasten, live.

A spokesperson for Senate Democrats’ campaign arm expressed confidence Thursday in holding Stabenow’s seat.

“In 2022, Michigan Democrats won resounding statewide victories, and we are confident Democrats will hold this Senate seat in 2024,” David Bergstein of the Democratic Senatorial Campaign Committee said in a statement.

Mike Berg, communications director for the National Republican Senatorial Committee, said that the committee is going to “aggressively target this seat in 2024.”

“Senate Democrats don’t even have a campaign chair yet and they are already dealing with a major retirement,” he said in a statement.

This story has been updated with additional information.

source

Stocks edge higher following signs of wage growth cooling

Top News: US & International Top News Stories Today | AP News 

The New York Stock Exchange is seen in New York, Thursday, Feb. 24, 2022. Markets are opening mostly higher on Wall Street Friday after a wild ride a day earlier. The S&P 500 added 0.4% in the early going, following even bigger gains in Europe. (AP Photo/Seth Wenig)

NEW YORK (AP) — Stocks are opening mostly higher on Wall Street and Treasury yields are falling on hopes that the nation’s high inflation will keep cooling after a mixed report on the job market showed that gains for workers’ pay unexpectedly slowed last month. The S&P 500 rose 0.2% early Friday, the Dow Jones Industrial Average rose 0.3% and the Nasdaq slipped 0.2%. The government reported wages for workers across the country rose 4.6% in December from a year earlier, the smallest increase since two summers ago. While that’s not good news for workers it is good news in the fight against inflation.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

TOKYO (AP) — Global shares were mostly higher Friday after Wall Street benchmarks fell on worries that the U.S. Federal Reserve will keep raising interest rates.

European shares were mixed in early trading as official data showed consumer prices in European Union countries using the euro currency eased but still rose a painful 9.2% in December. The European Union statistics agency Eurostat said it was the slowest increase since August.

France’s CAC 40 edged up nearly 0.1% to 6,766.79 in early trading and Britain’s FTSE 100 was up 0.2% at 7,647.10.

Hub peek embed (Inflation) – Compressed layout (automatic embed)

Germany’s DAX lost 0.2% to 14,401.92 after official figures showed factory orders dropped 5.3% in November compared with the previous month, on a sharp drop in foreign demand. New orders, an important indicator for Europe’s biggest economy, fell for the third time in four months following a 0.6% uptick in October.

Hot readings on the U.S. jobs market Thursday got traders thinking the Fed will need to keep inflicting pain on the economy to fight surging prices. Inflation has been easing from a peak of 9.1% in June to 7.1% in November and investors have been hoping for signs that could prompt the Fed to ease up on applying the brakes to the economy with high interest rates. Those hopes have been dashed so far.

The strong labor market reports set the stage for the release on Friday of the Labor Department’s snapshot of hiring in December.

“Overall risk sentiments could lean more toward a wait-and-see in the lead-up to the U.S. job report later, lacking a clear conviction in market direction from Wall Street over the past few days,” Yeap Jun Rong, market analyst at IG, said in a report.

In Asian trading, Japan’s benchmark Nikkei 225 rose 0.6% to finish at 25,973.85. Australia’s S&P/ASX 200 added 0.7% to 7,109.60. South Korea’s Kospi gained 1.1% to 2,289.97. Hong Kong’s Hang Seng erased earlier gains, edging 0.3% lower to 20,991.64. The Shanghai Composite rose nearly 0.1% to 3,157.64.

Analysts expect economic growth in Asia to slow this year, although China’s easing of COVID-19 restrictions is expected to be a plus. Suktae Oh, an analysts at Societe Generale, expects the Bank of Korea to raise rates by 25 percentage points to 3.50% at its policy meeting next week.

“The data continue to indicate weak economic activity and peaking inflation. The concerns surrounding financial stability have persisted due to high corporate leverage and housing market weakness, which would be bearish for growth outlook,” he said.

Payroll company ADP reported a bigger-than-expected increase in jobs at private companies in the U.S. last month. The U.S. government reported the number of Americans applying for unemployment benefits fell to the lowest level in more than three months last week.

On Wednesday, a government report showed a higher than expected number of job openings in November.

A robust jobs market exerts upward pressure on wages and reaffirms the central bank’s determination to keep interest rates high to slow economic growth and tame inflation. The strategy, though, risks going too far bringing on a recession.

The Fed’s benchmark lending rate stands at a range of 4.25% to 4.5%, up from close to zero following seven increases last year. It has forecast that the rate will reach a range of 5% to 5.25% by the end of 2023 and it isn’t calling for a rate cut before 2024.

Wall Street is also looking ahead to the latest round of corporate earnings to get a better a sense of how companies are handling hot inflation and weakening consumer demand. Companies in the S&P 500 will pick up the pace of reporting in a few weeks, but some results are already trickling in.

Benchmark U.S. crude added 64 cents to $74.31 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international pricing standard, rose 62 cents to $79.31 a barrel.

In currency trading, the U.S. dollar climbed to 134.30 Japanese yen from 133.40 yen. The euro cost $1.0510, down from $1.0524.

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

 

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Equilibrium — How island rats can change the behavior of fish

Just In | The Hill 

A new study suggests rats can change the behavior of coral reef fish by interrupting the flow of nutrients through the ecosystem.

Studying the presence of rats on Indian Ocean coral islands, researchers from Lancaster University said having the small social carnivores in the rocks above was found to have a disruptive impact on reef communities below.

The connection between sky, land and sea was outlined by researchers in Nature Ecology & Evolution on Thursday.

The findings showed that on islands without rats, enormous seabird populations gathered fish from huge ocean hunting grounds and deposited the nutrients on the rocks through their excrement. Nitrogen from the excrement, known as guano, fertilized thick fields of algae below.

But on islands with rats, seabird populations were more than 700 times lower — partly, perhaps, because seabirds can choose to leave an island with rats. That meant less fertilizer and less algae below.

This disruption can affect the already stressed ecosystems of the ocean floor, scientists said.

In one small but potentially far-reaching change, one particular “farming” fish has given up aggressively tending its territory below rat-inhabited islands. Researchers said that without seabird fertilizer, the territory is too thin for the fish to fight for.

That’s a change scientists say could echo in unexpected ways across the life of the reef, from which corals grow to how other “fish move around and use the reef,” marine biologist Rachel Gunn of Lancaster University said in a statement.

“We do not yet know what the consequence of this behavioural change will be but ecosystems evolve a delicate balance over long time-scales, so any disruption could have knock-on consequences for the wider ecosystem,” Gunn said.

Welcome to Equilibrium, a newsletter that tracks the growing global battle over the future of sustainability. I’m Saul ElbeinSubscribe here or in the box below.

Today we’ll look at why America’s biggest oil companies are pulling back their resources and how New York is taking a big step on forever chemicals. Plus: Making clean hydrogen by imitating plants. 

Big Oil turns to Western Hemisphere, renewables

Shareholder pressure and government incentives are leading U.S. oil companies ExxonMobil and Chevron to shift spending toward clean energy and projects closer to home. 

The focus on Western Hemisphere fields represents a dramatic shift for the companies, which had long directed spending toward expensive, faraway oil and gas developments. 

While both companies are directing billions toward projects defined as clean energy, they are spending about four times as much on continued fossil fuel expansion.

Refocusing: The companies are in “retrenchment” from decades of global expansion and have turned their attention to a smaller number of lucrative oil and gas fields, The Wall Street Journal reported. 

Both are focusing less on faraway oil and gas developments in Asia, Africa and Latin America and more on cheaper, more lucrative investments closer to the U.S. 

Chevron is largely spending in the U.S, Argentina and Canada, while Exxon is investing in Texas, New Mexico, Guyana and Brazil. 

Driving the change: Shareholders are sick of oil companies’ big spending on low-margin projects and have yanked on the leash, the Journal reported.

“They don’t think the industry will stick to capital discipline,” said portfolio manager Kevin Holt of asset manager Invesco.  

Investors are “going to take a little more time,” before they believe the industry is ready to spend responsibly, Holt added to the newspaper.

Fracking expansion: These fossil fuel deposits are largely locked up in underground layers of shale rock.
 
This means they will be extracted using fracking, in which chemicals under high pressure are used to pulverize underground petroleum-containing rock, releasing oil but also potentially contaminating nearby water supplies, as the Environmental Protection Agency has reported. 

Green spending: The companies are also investing into an array of alternative energy, although this will include continued investments in carbon fuels, E&E News reported. 

Chevron will spend $2 billion in wind, solar, hydrogen and energy storage. 

Exxon will spend more than $3 billion on biofuels and carbon capture technology — both of which are highly controversial as climate solutions. 

Shareholders have also pushed both companies to do more to reduce their operations’ carbon footprint while spending more on fossil fuel alternatives.

Climate concerns: Researchers at the nonprofit Carbon Tracker Initiative found last month that both companies were making investments that could hinder global climate goals

New York bans ‘forever chemicals’ from clothing

New York Gov. Kathy Hochul (D) signed a bill on Wednesday banning the use of potentially toxic “forever chemicals” in clothing.

The move follows a similar step in September by California

The New York ban will take effect on Dec. 31, 2023, while the California ban will be implemented on Jan, 1, 2025.  

No place for PFAS: “Toxic PFAS chemicals have no place in our waterways, food packaging, and certainly not our everyday items of clothing,” tweeted Assemblymember Patricia Fahy (D), who co-sponsored the bill with state Sen. Brad Hoylman (D). 

Following the market: “Many leading clothing companies have already eliminated or have committed to removing these harmful chemicals from their products,” the National Resources Defense Council said in a statement.

PFAS, which are linked to cancer and other illnesses, are known for their ability to persist in the environment and in the human body.  

They are commonly used in textiles thanks to their stain-resistant and waterproofing properties.  

Companies that have already dropped their use of the substances include Levi’s, Patagonia, Gap, Jack Wolfskin, Zara and H&M. 

Read more here.

Portugal beats back destructive wildfires 

The government of Portugal has made significant strides in battling down the deadliness and damage of its backcountry wildfires — long among the most destructive and dangerous in Europe.

The data comes from a report published by the state Agency for the Integrated Management of Rural Fires, an agency on the front lines of European wildfire.

Widespread fires in 2017 shocked the nation — particularly after they killed 64 people along a country road that became known as the Highway of Death. 

Recent statistics show Portugal has seen less area burned in wildfires over the past five years — with this year at about a third the historical average.

Saving lives: Fires also have not directly killed anyone over the past five years, Portuguese authorities reported. 

Tentative progress: But agency head Tiago Oliveira sounded a note of caution. He pointed out the measures and investments made in the past five years have only allowed for “gaining time” and it is essential to “take more measures” quickly.  

“This is a collective effort that is a marathon — not a sprint, not a stroll,” Oliveira said. 

“We have to run faster,” he added.

One particular concern is that while government intervention seems to be working, there is still little incentive for rural landowners to make fire-reducing improvements to their lands. 

How did they do it? An all-fronts attack, with a particular emphasis on preventing serious fires before they happen. 

The government spent heavily on prevention, which now accounts for
46 percent of the total $382 million allocated in 2022.  

That’s more than twice the share dedicated to prevention in 2017.  

How that compares to the U.S.: By contrast, the 2023 federal budget allocates about 18 percent of the firefighting budget to wildfire preparedness and hazardous fuel treatments, according to the Congressional Research Service.

Lessons for the U.S.: Proactively treating forests to prevent serious, destructive burns ends up costing less than half as much as it does to simply suppress them, according to a study by the Congressional Budget Office. 

One caveat: While Portugal’s example shows the value of investment into fire prevention — a problem it shares with the U.S. — the two countries deal with the problems on very different scales.  

Portugal is a compact and densely populated country, which makes wildfire response and prevention a more manageable task.

In the U.S. — where 52 times as much land burned in 2022 as in Portugal —  fires tend to happen far from roads and populated areas, which makes them larger and harder to fight. 

Portugal also has a relatively short, summerlong fire season — as opposed to the U.S. fire year. 

Green hydrogen made cheap by leaf-imitating panel

A new kind of plant-mimicking solar panel significantly drops the energy costs needed to extract hydrogen from water, a new study has found.

The findings published in Nature represent a potential boon to future production of hydrogen — often touted as a source of emission-free fuel for use in industry and heavy shipping. 

“Hydrogen produced by our technology could be very cheap,” University of Michigan engineering professor Zetian Mi said in a statement.  

The team’s prototype was 10 times more energy efficient than previous solar powered attempts to perform electrolysis, researchers said. 

Improving on the leaf: The team designed their high-efficiency solar electrolyzer — a device that breaks apart water — by creating semiconductors far smaller and more heat resistant than competing models, researchers said. 

These modifications allow the devices to function at the high temperatures at which water can be most easily split and oxygen and hydrogen more easily kept from re-combining, according to the study. 

Hydrogen paradox: While hydrogen produces only water vapor when burned, most current hydrogen is produced largely from the fossil fuel methane, in plants also powered by fossil fuels.

Nature provides an alternative: Plants are constantly breaking apart water using only sunlight for power.  

Since fossil fuels are largely the compressed residues of ancient plants, that means this process is the ultimate source of fossil fuel hydrogen, too.

“In the end, we believe that artificial photosynthesis devices will be much more efficient than natural photosynthesis, which will provide a path toward carbon neutrality,” Mi added.

Thursday Threats

A vaccine averts a serious danger to bees, rising biofuel requirements have environmentalists worried — and the reason your clothes may feel cheaper than ever. 

Bee vaccine averts threat of foulbrood

The U.S. Department of Agriculture has approved the world’s first vaccine for bees — an antibiotic fed to the queen, who then gives immunity to her larvae, The Guardian reported. The vaccine prevents the incurable foulbrood disease, currently found in a quarter of U.S. hives. 

More biofuels, more damage: environmental groups 

Environmental groups warn that new proposals from the Environmental Protection Agency to use drastically more biofuels in the national fuel supply will lead to a “doubling down on dirty fuel,” Grist reported. The proposals continue “on the false premise that biofuels, in general, are a helpful pathway to meeting our climate goals,” Brett Hartl of the Center for Biological Diversity told Grist.  

Clothing cost cuts make the world feel cheap

Rising material costs and tight consumer budgets have pushed clothing manufacturers to use cheaper, less sustainable and durable materials — leading to a higher environmental footprint, worse labor practices and generally lower quality, Vox reported. One “instantaneous red flag” is when a company doesn’t make it easy to figure out what fabric is made of, one expert told Vox.

Please visit The Hill’s Sustainability section online for more and check out other newsletters here. See you tomorrow.

​Equilibrium & Sustainability, Policy, Chevron, Coral reefs, ExxonMobil, Forever chemicals, kathy hochul, rats Read More 

Health Care — South Carolina abortion ban ruled unconstitutional 

Just In | The Hill 

There is still no Speaker of the House. But for $218, you can be Speaker of the Pub. 

In health news, abortion rights advocates scored a major victory in South Carolina after the Supreme Court struck down the state’s six-week ban.  

Welcome to The Hill’s Health Care newsletter, where we’re following the latest moves on policy and news affecting your health. For The Hill, we’re Nathaniel Weixel and Joseph Choi. Someone forward you this newsletter? 

SC Supreme Court strikes down abortion ban 

The South Carolina Supreme Court on Thursday struck down the state’s ban on abortion after six weeks, ruling that the law violated constitutional rights to privacy that extend to the decision whether to terminate a pregnancy. 

The court ruled in a 3-2 decision to strike down the Fetal Heartbeat and Protection from Abortion Act. With the overturning of this law, abortions in South Carolina will be permitted up until 20 weeks of gestation. 

What was overturned: The bill was signed into law in February 2021, but did not go into effect until shortly after the U.S. Supreme Court overturned the landmark Roe v. Wade decision last summer. 

Under the law, abortions were banned when a fetal heartbeat was detectable, which usually occurs around six weeks. South Carolina Supreme Court Justice Kaye Hearn noted that was before many people know they are pregnant. 

In her opinion, Hearn rejected the argument put forth by the South Carolina state government that the constitutional rights to privacy were limited by the absence of language mentioning bodily autonomy and medical care, an argument that states with similar laws have previously made. 

The ruling was a significant victory for abortion rights in the new post-Roe era, even if it may not translate to other states.  

“We hold that our state constitutional right to privacy extends to a woman’s decision to have an abortion,” Hearn concluded. “The decision to terminate a pregnancy rests upon the utmost personal and private considerations imaginable.” 

Speaker of the South Carolina House of Representatives, Rep. Murrell Smith (R), said the court had created “a constitutional right to an abortion where none exists.”

Read more here. 

CVS, Walgreens seek to dispense abortion pills

Two of the biggest pharmacy chains in the country are planning to seek the certification needed to dispense abortion pills in the states where it is legal, according to spokespeople for the companies. 

The decisions by Walgreens and CVS are likely to provide a boost to a new Food and Drug Administration (FDA) policy announced Tuesday that will allow retail pharmacies to dispense mifepristone from a certified prescriber if they meet certain criteria. 

“We are working through the registration, necessary training of our pharmacists, as well as evaluating our pharmacy network in terms of where we normally dispense products that have extra FDA requirements and will dispense these consistent with federal and state laws,” Fraser Engerman, a spokesman for Walgreens, said in an email. 

A spokeswoman for CVS said the company also plans to seek certification “where legally permissible.” 

Pharmacies in states with near-total abortion bans would not be eligible. Some states also mandate that the pills must be dispensed in-person by the physician who prescribed them. 

Until 2021, mifepristone could only be dispensed in person by a physician. The FDA temporarily lifted that requirement because of the COVID-19 pandemic, and the Biden administration made the change permanent in December 2021, paving the way for doctors to prescribe the drug digitally and then mail the pills to patients.

Read more here 

OFFICIALS LAUNCH PILOT PROGRAM FOR COVID TELEHEALTH CARE 

The National Institutes of Health (NIH) on Thursday announced the launch of a pilot program that will allow people to receive free testing, consultation and treatment for COVID-19 from their homes. 

The NIH estimated up to 8,000 eligible individuals will participate in the pilot program, called the Home Test to Treat program, which will be led by local and state officials in Berks County, Pa. 

“At-home testing for COVID-19 is now widely available in the United States, as are antiviral treatments, and this program combines easy home access to both,” said Bruce Stromberg, director of the National Institute of Biomedical Imaging and Bioengineering at the NIH. 

“The Home Test to Treat program allows those who are sick an alternative to venturing out for testing or treatment, potentially reducing the spread of COVID-19 in the community,” he said. 

Other communities around the country will be selected to participate in this program based on need, socioeconomic factor and access to healthcare, according to the NIH. The agency said it is aiming to offer this service to up to 100,000 people in the U.S. over the next year. 

Read more here. 

POLLUTANTS IN SOME URBAN AREAS LINKED TO YOUTH ASTHMA ATTACKS: STUDY 

Common air pollutants ozone and fine particulate matter are associated with nonviral asthma attacks among U.S. youth living in dense, low-income urban areas, new research shows. 

In the current study, asthma attacks were triggered by a nonviral cause in nearly
30 percent of children, marking a total two to three times greater than the proportion of these attacks in nonurban children, authors wrote. The nonviral attacks were linked with higher levels of local outdoor ozone and fine particulate matter pollution. 

The study, funded by the National Institutes of Health, also found exposure to the pollutants was linked with molecular changes in children’s airways during the attacks, providing a possible explanation for the attacks’ underlying mechanisms.  

“The strong association this study demonstrates between specific air pollutants among children in impoverished urban communities and non-viral asthma attacks further augments the evidence that reducing air pollution would improve human health,” said Hugh Auchincloss, acting director of the National Institute of Allergy and Infectious Diseases, in a release.  

Asthma’s severity and prevalence have increased alongside urbanization, researchers explained, while children living in urban settings tend to be at a greater risk for asthma compared with those in rural or suburban areas. 

Read more here. 

Trump abortion remarks spell political peril for GOP

Former President Trump’s criticism of hard-line abortion opponents is laying bare the tension over the issue within the GOP as the party looks to regroup after a bruising midterm election.  

On Monday, Trump accused Republicans, particularly those against abortion with no exceptions, of underperforming in the election.  

“It wasn’t my fault that the Republicans didn’t live up to expectations,” Trump wrote on his social media platform Truth Social. “I was 233-20! It was the ‘abortion issue,’ poorly handled by many Republicans, especially those that firmly insisted on No Exceptions, even in the case of Rape, Incest, or Life of the Mother, that lost large numbers of Voters.” 

Anti-abortion pushback: The attack drew a response from the anti-abortion group Susan B. Anthony Pro-Life America, which was amplified by Trump’s former Vice President Mike Pence, underscoring the divide within the party over how to message on the issue.  

Terry Schilling, the president of the conservative American Principles Project, lambasted Trump’s statement as “stupid” in an interview with The Hill.  

“Ultimately I thought it was so unlike Trump,” Schilling said. “First of all, it’s not true. The candidates that he endorsed that lost all went with this strategy of deflecting and the ostrich method.” 

Read more here. 

WHAT WE’RE READING

Amid low demand, global coronavirus vaccination set to slow in 2023 (Washington Post

Baby foods with toxic metals stay on US market while FDA dithers (Bloomberg Law

‘We are only beginning to know what it is’: Why doctors struggle to identify treatments for long COVID (USA Today

STATE BY STATE

‘Crisis mode’: As hospitals close, Mississippi lawmakers mull ‘band-aid’ fixes (Mississippi Free Press

Health care for transgender adults becomes new target in 2023 legislative session (The 19th News

Colorado to shut down all state-run COVID-19 testing sites due to low demand (Colorado Public Radio

THE HILL OP-ED

Biden’s expected nicotine rule brings failed 1920s Prohibition to 2023 

That’s it for today, thanks for reading. Check out The Hill’s Health Care page for the latest news and coverage. See you tomorrow.

​Overnight Healthcare, Healthcare, Policy Read More 

Senate Democrats pan Biden border plan

Just In | The Hill 

Four Senate Democrats on Thursday were sharply critical of the Biden administration’s plan to trade off a border crackdown for 30,000 immigration permits.

Biden administration officials on Thursday said they would use Title 42 – a Trump-era policy that allows border officials to quickly expel migrants without screening them for asylum – in order to expel migrants who present at the border, while allowing others to fly into the United States.

Democratic Sens. Bob Menéndez (N.J.), Cory Booker (N.J.), Ben Ray Luján (N.M.) and Alex Padilla (Calif.) put out a joint statement hours after President Biden announced his plan at the White House.

“While we understand the challenges the nation is facing at the Southern border exacerbated by Republican obstruction to modernizing our immigration system, we are deeply disappointed by the Biden Administration’s decision to expand the use of Title 42,” wrote the four senators.

The Biden plan’s stated purpose is to reduce the number of migrants setting off from their home countries on foot, a goal administration officials say is realistic with the new plan based on a pilot program launched in October.

But the four senators, all of whom have vocally defended the current asylum system, said the extension of Title 42 is more likely to backfire. 

“Continuing to use this failed and inhumane Trump-era policy put in place to address a public health crisis will do nothing to restore the rule of law at the border. Instead, it will increase border crossings over time and further enrich human smuggling networks,” they wrote.

The senators did celebrate the Biden administration’s intention to grant entry to 30,000 Cubans, Nicaraguans, Venezuelans and Haitians each month, but said that “narrow benefit” would not outweigh the plan’s harms.

And the lawmakers took aim at one of the Biden administration’s most tenuous claims in its new policy, that the requirement for migrants to apply from their current location does not equate to a so-called “transit ban.”

“We are also concerned about the Administration’s new transit ban regulation that will disregard our obligations under international law by banning families from seeking asylum at the border, likely separating families and stranding migrants fleeing persecution and torture in countries unable to protect them,” wrote the senators.

Administration officials flat out denied that the policy is a transit ban – sometimes referred to during the Trump administration as a “safe third country agreement” – on a call with reporters Thursday.

“I want to make clear that this is not a transit ban. You know, the previous administration’s transit ban did not provide any mechanisms for individuals to come to ports of entry to make asylum claims, it was not coupled with any expansion of lawful processes for entering the United States without making the dangerous journey to the border,” said a senior administration official.

Still, few immigrant advocates agreed with the administration’s interpretation of what makes a transit ban, and many joined the Democratic senators in their criticism of the use of Title 42.

“Continuing to rely on, and expand, Stephen Miller’s Title 42 and proposing expanding an asylum ban advances chaotic and ineffective policy while trampling on some of our proudest traditions as a welcoming nation. We should be finding ways to fix and fully resource our asylum process, not devising ways to prevent people seeking safety from accessing the asylum process under our laws,” said Vanessa Cárdenas, executive director of America’s Voice, a progressive immigration advocacy group.

Immigration restrictionists also panned the policy, focusing on the use of immigration parole to grant the 30,000 entry permits to migrants eligible for the program.

“This is one of the most egregious, unlawful abuses of humanitarian parole authority in the history of our nation – a middle finger to Congress, the American people, and rule of law,” said RJ Hauman, head of government relations and communications at the Federation for American Immigration Reform (FAIR).

“The statute authorizing parole explicitly states that parole may only be used on a ‘case-by-case’ and ‘temporary’ basis. How can the Biden administration claim with a straight face they they’ll be issuing parole on a case-by-case basis when they’re creating industrial scale programs out of thin air?”

​Latino, News, Bob Menendez, immigration, Joe Biden, Title 42 Read More 

Everyone who’s gotten a vote for Speaker so far

Just In | The Hill 

Through 10 rounds of voting across three days so far, lawmakers have been unable to elect the next Speaker of the House.

The vast majority of votes have gone to two men: House GOP Leader Kevin McCarthy (Calif.), the party’s official nominee for the job, and Rep. Hakeem Jeffries (N.Y.), who House Democrats chose to lead their caucus after former Speaker Nancy Pelosi (D-Calif.) stepped down from leadership at the end of the last Congress.

But several others have gotten votes for the role, including two people who aren’t even serving in the House. Here’s everyone who’s gotten a Speaker vote so far this week:

McCarthy

Since before voting started for the Speaker’s race on Tuesday, McCarthy has been busy trying to cut a deal with a group of far-right lawmakers who so far refuse to support him.

Three days later, McCarthy and his allies are still trying to secure enough support to win him the Speakership. 

McCarthy has been the top Republican in the House since 2018 after serving under former GOP Speakers John Boehner (Ohio) and Paul Ryan (Wisc.). He previously launched an unsuccessful bid for Speaker in 2015.

Jeffries

While Republican infighting continues, Democrats have been united in their support of Jeffries, who has finished every round of voting thus far with the most votes, securing support from all 212 Democrats.

Jeffries, the first Black member to lead a party in Congress, has been in office since 2013. He was chair of the House Democratic Caucus before winning a unanimous vote to become the next leader of House Democrats after picking up Pelosi’s endorsement.

Rep. Byron Donalds (R-Fla.)

House Republicans who are refusing to back McCarthy have lobbed different lawmakers as possible alternatives to him, with Donalds the candidate of choice on Wednesday and most of Thursday.

Twenty lawmakers, including Donalds himself, threw their support behind the second-term congressman. The support for Donalds, one of two Black Republicans currently in the House, melted some on Thursday when lawmakers started to nominate a number of other candidates for the position.

Donalds is a 44-year-old former businessman and state representative in Florida who is seen in the party as a rising star.

In November, he challenged Rep. Elise Stefanik (R-N.Y.) for conference chair, the fourth-highest ranking position in leadership, but lost in a closed-door vote.

Rep. Jim Jordan (R-Ohio)

Jordan was one of the first Republican alternatives who was nominated to oppose McCarthy. Jordan, however pledged his support to McCarthy and urged fellow Republicans to back him.

Jordan, a former chair of the House Freedom Caucus, has been in Congress since 2007. A Trump ally, Jordan is well known for his combative and fiery performances in congressional hearings.

Former President Trump

Trump, who has launched a presidential campaign for 2024, picked up his first vote for Speaker on Thursday from Rep. Matt Gaetz (R-Fla.), which came after fellow McCarthy detractor Rep. Lauren Boebert (R-Colo.) suggested that she may nominate Trump for the position.

Trump himself has tried to throw his weight around in the race, publicly backing McCarthy on Wednesday and urging Republicans to close the deal on McCarthy becoming the new Speaker. 

But as McCarthy struggled to lock down enough GOP support, some Republicans have started to question the sway that Trump has on the race.

The Constitution does not require the Speaker to be a member of the House, or even of Congress, but every one in U.S. history has been.

Rep. Kevin Hern (R-Okla.)

Hern became the next candidate that a faction of McCarthy opponents began to coalesce around on Thursday.

In the eighth round of voting, Hern picked up the support of Boebert and Rep.-elect Josh Brecheen (R-Okla.), and he was formally nominated for the position by Boebert in the ninth round of balloting. 

Hern is set to become the chair of the Republican Study Committee, a caucus of conservative Republicans who advocate for cuts in government spending and conservative social policies. Hern’s office said in a statement Thursday that the Speakership is a position that he would “think and pray about.”

Rep. Andy Biggs (R-Ariz.)

In the first round of voting, Biggs picked up the most votes after Jeffries and McCarthy.

Biggs, who is a part of the anti-McCarthy crowd, did not pick up another vote after the first round of voting. He has thrown his support behind Jordan, Donalds and Hern through the process.

Rep. Jim Banks (R-Ind.)

The sole vote cast for Banks was by Brecheen in the first round of voting. Banks has supported McCarthy on every ballot thus far.

Banks, a Trump ally, supported moves to contest the 2020 presidential elections. He is also part of the Republican Study Committee.

Former Rep. Lee Zeldin (R-N.Y.)

Zeldin left Congress to run for governor of New York, but that did not stop Rep. Andy Harris (R-Md.) from voting for him in the first round of voting.

Zeldin won the Republican nomination for governor in New York in 2022 but lost to incumbent Gov. Kathy Hochul (D).

After briefly considering a run to head the Republican National Committee, he decided in December not to do so.

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Delta announces free Wi-Fi coming next month: how to sign up

Just In | The Hill 

(NEXSTAR) — Delta Air Lines will provide free Wi-Fi service on most of its U.S. flights starting in February.

The airline said Thursday that by the end of the year it will outfit more than 700 planes with high-speed, satellite-based broadband service from T-Mobile and plans to expand free Wi-Fi to international and Delta Connection flights by the end of 2024.

The service will use equipment from Viasat, a U.S.-based satellite broadband provider.


Flight canceled? Experts share some advice about what to do

To take advantage of the free service, before boarding the plane passengers must join the company’s free frequent flyer program, SkyMiles. Once on the plane, you can log in using your SkyMiles number.

Many airlines are upgrading Internet access on their planes so passengers can stay connected or stream entertainment on their electronic devices. New York-based JetBlue Airways already provides free Wi-Fi service to passengers, but Delta’s announcement puts it ahead of its largest rivals: American, United and Southwest.


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Delta made the announcement during the CES technology trade show in Las Vegas. CEO Ed Bastian said the airline is striving to make connectivity on board planes similar to what travelers experience on the ground.

“We didn’t just want free Wi-Fi to offer base-level service – we wanted it to be transformative for the entire onboard experience,” said Bastian. “It is imperative all customers onboard can enjoy their favorite content just as they would at home, and we’ve put this system through meticulous tests to make that possible.”

Spotty and slow in-flight browsing has long been a frustration for passengers, and costly, broken Wi-Fi was even included in a September 2022 proposed crackdown by the Biden Administration on “junk fees.”

The Associated Press contributed to this report.

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Kyiv dismisses Putin's call for 36-hour ceasefire in Ukraine as 'hypocrisy'



CNN
 — 

Russian President Vladimir Putin has ordered his defense minister to implement a temporary ceasefire in Ukraine for 36 hours this week to allow Orthodox Christians to attend Christmas services, according to a Kremlin statement Thursday. But the proposal was swiftly dismissed as “hypocrisy” by Ukrainian officials.

Putin’s order came after the leader of the Russian Orthodox Church, Patriarch Kirill of Moscow, called for a ceasefire between January 6 and January 7, when many Orthodox Christians celebrate Christmas.

But Ukrainian officials voiced skepticism about the temporary ceasefire, saying Moscow just wanted a pause to gather reserves, equipment and ammunition.

During his nightly address on Thursday, Ukrainian President Volodymyr Zelensky said Russia aims to use Orthodox Christmas “as a cover” to resupply and stop Ukrainian advances in the eastern Donbas region.

“What will this accomplish? Only another increase in the casualty count,” he added.

Serhiy Haidai, head of the Luhansk regional military administration, told Ukrainian television: “Regarding this truce – they just want to get some kind of a pause for a day or two, to pull even more reserves, bring some more ammo.”

“Russia cannot be trusted. Not a single word they say,” Haidai added.

Now in its 11th month, the battle that many experts thought would be over within days or weeks has become a grueling war.

Both sides have taken blows in recent weeks: Ukraine’s economy shrank by more than 30% last year, with Russian missile strikes pummeling civilian infrastructure, leaving many without heat in the height of winter. Meanwhile, Ukrainian attacks on Russian barracks have killed a significant number of Russian troops and sparked controversy within Russia.

Ukrainian presidential adviser Mykhailo Podolyak responded to Putin’s move on Twitter by saying that Russia must leave “occupied territories” in Ukraine before any “temporary truce.”

“First. Ukraine doesn’t attack foreign territory and doesn’t kill civilians. As RF [Russian Federation] does … Second. RF must leave the occupied territories – only then will it have a ‘temporary truce’. Keep hypocrisy to yourself,” Podolyak said.

The proposal for a temporary truce also raised eyebrows among the international community.

US President Joe Biden expressed skepticism on Thursday, telling reporters that he was “reluctant to respond anything Putin says. I found it interesting. He was ready to bomb hospitals and nurseries and churches on the 25th and New Year’s.”

He continued, “I mean, I think he’s trying to find some oxygen.”

US State Department spokesperson Ned Price described it as “cynical” and that the US had “little faith in the intentions behind” Russia’s proposed ceasefire.

German Foreign Minister Annalena Baerbock on Thursday also warned that the promise of a ceasefire would not bring “either freedom or security” to the people living under Moscow’s brutal war.

“If Putin wanted peace, he would take his soldiers home, and the war would be over. But apparently, he wants to continue the war after a short break,” she said in a tweet.

Putin’s order comes after he spoke with Turkish President Recep Tayyip Erdogan – who has attempted to position himself as a broker between the Russian president and the West – where Putin said he was open to “serious dialogue” regarding Ukraine, but Kyiv must accept the “new territorial realities,” according to a Kremlin statement.

The full statement from the Kremlin on Thursday read: “Taking into account the appeal of His Holiness Patriarch Kirill, I instruct the Minister of Defense of the Russian Federation to introduce from 12:00 January 6, 2023 until 24:00 January 7, 2023, a ceasefire along the entire line of contact between the parties in Ukraine.

“Based on the fact that a large number of citizens professing Orthodoxy live in the combat areas, we call on the Ukrainian side to declare a ceasefire and give them the opportunity to attend services on Christmas Eve, as well as on the Day of the Nativity of Christ.”

Primate of the Orthodox Church of Ukraine, Metropolitan of Kyiv and Ukraine Epifanii heads the divine liturgy at St Michael's Golden-Domed Cathedral in Kyiv on Christmas, December 7, 2021.

Kirill has been a vocal supporter of Russia’s war in Ukraine, and gave a sermon in September in which he said that “military duty washes away all sins.”

The leader of the Russian Orthodox Church has also been locked in a feud with Pope Francis, who has described the invasion of Ukraine as Russian “expansionism and imperialism.”

And in May, the Pope urged Patriarch Kirill not to “become Putin’s altar boy.”

In November, a branch of Ukraine’s Orthodox church announced that it would allow its churches to celebrate Christmas on December 25, rather than January 7, as is traditional in Orthodox congregations.

The announcement by the Kyiv-headquartered Orthodox Church of Ukraine widened the rift between the Russian Orthodox Church and other Orthodox believers.

In recent years a large part of the Orthodox community in Ukraine has moved away from Moscow, a movement accelerated by the conflict Russia stoked in eastern Ukraine beginning in 2014.

Ukrainians, who have suffered nearly a year of conflict, expressed distrust of Putin’s announcement.

In the southern region of Kherson, Pavlo Skotarenko doesn’t expect much to change. “They shell us every day, people die in Kherson every day. And this temporary measure won’t change anything,” he said.

From the frontlines in Ukraine’s eastern Luhansk region, a Ukrainian soldier told CNN that the temporary ceasefire announcement looked like an effort to clean up Russia’s image.

“I do not think that this is done for some military tactical purpose, one day will not solve much,” the Ukrainian soldier, who goes by the call sign Archer, told CNN by phone.

“Perhaps this is done to make the image of the whole of Russia a little more human, because so many atrocities are constantly emerging, and this could earn them few points of support from the people,” the soldier said.

And in the capital Kyiv, where Russian attacks during New Year soured even the most modest celebrations, Halyna Hladka said she saw the temporary ceasefire as an attempt by Russians to win time.

“Russia has already shown active use of faith in numerous kinds of manipulations. And besides, in almost a year of war, Russia has not behaved itself as a country capable of adhering to promises,” she said.

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[World] Israel and Palestinians in holy site war of words

BBC News world 

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WATCH: Israeli minister visits contested Jerusalem site surrounded by police

Israeli and Palestinian envoys have traded accusations at a UN meeting over an Israeli minister’s visit to a contested holy site in Jerusalem.

The Palestinian ambassador said Israel displayed “absolute contempt” for the international community, and demanded the UN take action.

His Israeli counterpart accused the Palestinians of mounting “a poisonous campaign” to erase Jewish history.

The minister’s visit on Tuesday was seen by Palestinians as provocative.

It was made by Israel’s new National Security Minister, Itamar Ben-Gvir, a far-right political leader known for past anti-Arab statements and once convicted of incitement to racism.

Mr Ben-Gvir’s visit was his first public act since the government, led by Prime Minister Benjamin Netanyahu, was sworn in five days earlier.

The hilltop site is the most sacred place in Judaism and the third holiest in Islam. It is known to Jews as the Temple Mount, site of two Biblical temples, and to Muslims as Haram al-Sharif, the site of Muhammad’s ascent to Heaven. The entire compound is considered to be al-Aqsa Mosque by Muslims.

Jews and other non-Muslims are allowed to go to the compound but not pray, though Palestinians see visits by Jews as attempts to change the delicate status quo.

Addressing the emergency meeting of the UN Security Council, Palestinian ambassador Riyad Mansour accused the world body of inaction.

“What red line does Israel need to cross for the Security Council to finally say enough is enough and act accordingly?” he asked. “When are you going to act? It [Israel] has displayed utter disregard for the sanctity of Palestinian life, the sanctity of international law and the sanctity of Haram al-Sharif… yet the council remains on the sidelines.”

“Our people are running out of patience,” he added, warning: “The record shows that Israel’s persistence on this path does not lead to surrender but to uprising.”

“Israeli actions have nothing to do with religious freedom and everything to do with the unlawful attempt to alter the character, status and identity of the city [Jerusalem]”.

Israel’s ambassador Gilad Erdan responded angrily, saying Palestinian objections were motivated by “Jew-hatred and antisemitism”.

“For years now the Palestinians have orchestrated and advanced a poisonous campaign to obliterate any trace or connection between the Jewish people and the Temple Mount, ” he said. “They exploit every means both in words and actions to promote these lies.”

“This insidious plot,” he said, “comes directly from the top of Palestinian leadership… the personal threats of the Palestinian representative speak volumes.”

He said it was “absurd” that the Security Council had felt it necessary to discuss “the peaceful 13-minute visit of a Jewish minister to the holiest Jewish site”.

“The very fact that this meeting was held is an insult to our intelligence,” he said.

The holy compound is the most sensitive site in the Israeli-Palestinian conflict. Situated in East Jerusalem, it was captured by Israel from Jordan in the 1967 Middle East war. Under a delicate set of arrangements, Jordan was allowed to continue its historical role as custodian of the site, while Israel assumed control of security and access.

Muslim prayer continued to be the only form of worship allowed there, although a bar on Jewish visits was lifted. Palestinians argue that in recent years, steps have been taken that undermine the status quo, with Orthodox Jewish visitors often seen praying quietly without being stopped by Israeli police.

The number of visits by Jews has swelled in the past few years, something Palestinians claim is part of a surreptitious attempt to take over the site.

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Jerusalem’s Temple Mount/ Haram al-Sharif explained

 

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