November 10, 2020

Posted by orrinj at 1:40 PM


'The ACA is safe': Justice Kavanaugh shocks legal experts by suggesting he will save Obamacare (David Edwards, 11/10/20, Raw Story)

"I tend to agree with you that this is a very straightforward case for severability under our precedents meaning that we would excise the mandate and leave the rest of the act in place," Kavanaugh said.

"That strikes me as the ballgame," Supreme Court expert Ian Millhiser noted on Twitter.

Posted by orrinj at 1:21 PM


UBS increases GM's price target to $50 on 'aggressive' EV plans; stock jumps 6% (Michael Wayland, 11/10/20, CNBC)

UBS analyst Patrick Hummel said GM is "fully back on track and likely enjoys strong momentum well into 2021," including its electric vehicle plans. Investors will start to see GM as more of an "aggressive" electric vehicle company over the next year or two, instead of a slow-growth manufacturer like the rest of the Detroit carmakers, he said.

"With a focus on crystallizing value of its EV strategy ... GM will likely get more credit for being a relative winner in the transition," Hummel wrote in an investor note late-Monday.

While we would have made money off of the GM bailout by holding the stock--not just off of TARP generally--President Obama was too much a capitalist to do so.

Posted by orrinj at 12:00 AM


After cosy ties with Trump, Saudi Arabia faces Biden 'pariah' pledge (ANUJ CHOPRA, 11/10/20, AFP) 

Crown Prince Mohammed bin Salman, whose Shakespearean rise to power coincided with the start of Donald Trump's presidency, has largely escaped US censure thanks to his personal ties with the administration.

But Trump's defeat leaves the de facto ruler vulnerable to renewed scrutiny from the kingdom's closest Western ally, which could leave him isolated amid economic challenges that imperil his reform agenda, a griding war in neighbouring Yemen and pockets of opposition to his rule.

While Trump and his son-in-law Jared Kushner -- who struck up a close rapport with the crown prince -- shielded the heir to the Saudi throne, Biden has vowed to reassess the relationship.

He has slammed what he calls Trump's "dangerous blank check" to the kingdom, pledged justice for journalist Jamal Khashoggi's 2018 murder by Saudi agents and vowed to suspend US arms sales over the catastrophic war in Yemen.

Biden has threatened to make Saudi Arabia "the pariah that they are".