society – Gloomberg News

28May

By Gloomberg NewsNo Comments

Politics

Here’s what’s in the debt ceiling deal

CNN — After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to raise the debt ceiling and cap spending. The drama is by no means over. Congressional leaders in both parties have to convince enough of their members to vote for the agreement, which contains provisions that lawmakers on each side of the aisle don’t support. Not all the details of the agreement are available yet. And the information made public Saturday evening shows some discrepancies. The bill text is scheduled to be released on Sunday. ...

15Apr

By Gloomberg NewsNo Comments

Business

What Walmart’s pullback from Chicago says about Corporate America’s limits

New York CNN — A line of Chicago mayors heavily courted Walmart over the last two decades, brushing aside community protests. And Walmart welcomed the opportunity to show cities it could be a strong corporate partner. But now, Walmart is pulling back from Chicago. The largest retailer in the country announced plans this week to close four of its eight stores in the city, citing growing financial losses. Three are in predominantly Black and low-income neighborhoods, and their closures with little warning mean residents — including elderly citizens and people without reliable transportation — will have to travel further to buy groceries and pick up their medications. “These stores lose ten...

Why there are more Republican women in Congress than ever before

14Jan

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Politics

Why there are more Republican women in Congress than ever before

CNN — Lori Chavez-DeRemer sat in the gallery of the House nearly two decades ago with her mom and her twin daughters – tourists peering down at lawmakers on the floor of the chamber. “I’d really love to be here someday,” the Oregon Republican recalled telling her mother, who encouraged her to think about a run. She’d recently been elected to her city council, but she had her doubts. “I said, ‘Everybody on the floor there probably has a law degree. I’m a stay-at-home mom.’” But Chavez-DeRemer flipped a Democratic seat in November, helping Republicans win a narrow House majority. She is now among a record 42 Republican women in Congress and one of the first two Latino members of Congress from Orego...

12Jan

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Politics

Proud Boys member in Jan. 6 video: ‘Victory smoke in the Capitol, boys’

CNN — Dozens of messages, social media posts and videos show that leaders of the far-right Proud Boys not only planned for the January 6, 2021, US Capitol attack but recruited others to help stop Joe Biden from becoming president, federal prosecutors said Thursday during opening statements in the seditious conspiracy trial. “Let’s bring this new year with one word in mind…revolt,” defendant and then-Proud Boys chairman Enrique Tarrio wrote to others in the group on January 1, 2021, according to prosecutors. “New year’s revolution.” Prosecutor Jason McCullough told the jury that Proud Boys leaders were afraid a Biden presidency would mean the end of the organization and that, after President Donald ...

Malaysia’s 15th general election, explained: Floods, climate change and years of political instability

19Nov

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Politics

Malaysia’s 15th general election, explained: Floods, climate change and years of political instability

CNN — Malaysians will head to the polls on Saturday to vote for a new government following years of political turmoil. Three prime ministers have governed the Southeast Asian country since a febrile election with a record turnout was fought four years ago on the key issue of corruption. This time around, the economy – and the rising cost of living – is likely to be the key battleground. Meanwhile, climate change has become a potential disruptor following weeks of torrential downpours and flooding that has hindered campaigning across roughly half of the country. More heavy rain is predicted on polling day and could reduce voter turnout, but officials say the election will go on – rain ...

Biden granddaughter’s wedding offers youthful spin for president turning 80

18Nov

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Politics

Biden granddaughter’s wedding offers youthful spin for president turning 80

CNN — President Joe Biden is turning 80 this weekend, but the big bash at the White House will be for an entirely different and more youthful occasion. Naomi Biden, Biden’s oldest granddaughter, is set to marry Peter Neal on the White House South Lawn on Saturday. One day following the nuptials, Biden will mark his spot in American history as the only octogenarian president, a numerical milestone that shines a spotlight on a primary issue plaguing Biden with his opponents: his age. Despite a spate of recent wins – better-than-projected midterm elections for Democrats, a relatively gaffe-less trip to Egypt and Asia, and a lackluster presidential announcement from his old rival, Donald Trump – Biden cannot shake b...

Opinion: Inflation has driven US politics before

30Oct

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Politics

Opinion: Inflation has driven US politics before

Editor’s Note: Meg Jacobs teaches history at Princeton University. Follow her on Twitter @MegJacobs100. The opinions expressed in this commentary are hers. Read more opinion on CNN. CNN — President Joe Biden stands accused of playing politics with petroleum. His opponents say the reason he is releasing millions of barrels of oil from the Strategic Petroleum Reserve is to bring prices at the pump down before the midterm elections. They might be right. As public opinion polls reveal, the economy appears to be the top issue for voters. As we approach the midterms, more and more candidates, especially in the GOP, are running on anti-inflati...

Brands have fled Kanye. What about his music career?

26Oct

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Business

Brands have fled Kanye. What about his music career?

New York CNN Business — Ye — formerly known as Kanye West — has lost partnerships with fashion brands including Gap, Balenciaga and Adidas following his antisemitic comments in recent weeks. Now, questions remain about the business that helped propel Ye onto the fashion scene in the first place: Music. Since 2004’s “The College Dropout” — his critically acclaimed and commercially successful debut album — Ye has been one of the most popular and notable artists in the world. He has had countless hits and 10 number-one albums, according to Billboard. But all of that could be at risk due to the performer’s recent behavior and comments. Over the past month, Ye has garnered an intense backla...

‘SNL’ takes on the January 6 Committee and Trump

16Oct

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Business

‘SNL’ takes on the January 6 Committee and Trump

New York CNN Business — “Saturday Night Live” opened this week’s episode taking on one of the most notable moments in news as of late: the House Select Committee investigating the January 6, 2021, insurrection. Kenan Thompson, who played Rep. Bennie Thompson, opened the NBC variety show by introducing the crowd to the committee’s ninth and final hearing. “January 6 was one of the most dramatic and consequential moments in our nation’s history, so to fight back we assembled a team of monotone nerds to do a PowerPoint,” Thompson’s Bennie Thompson said. He then went on to say the committee has been looking into the attack for more than a year but this session would be a “little different.”...

Trump’s legal issues: What happened this week

15Oct

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Politics

Trump’s legal issues: What happened this week

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — Just try keeping track of the dizzying web of legal issues confronting or somehow involving former President Donald Trump and his allies, all of which he lumps into the category of “witch hunt.” Here are some of the major developments this week: Classified documents – The Justice Department on Friday officially appealed the appointment of the special master to oversee the review of documents seized from Trump’s Mar-a-Lago estate in August. The special master had been requested by Trump, was granted by a Trump-appointed judge and had the effect of slowing the investigat...