21 November 2024

Daily Newsletter

Gaetz Withdraws From Attorney General Consideration

The Facts

  • Former Rep. Matt Gaetz (R-Fla.) said Thursday he is withdrawing his name from consideration as Pres.-elect Donald Trump's pick for US attorney general.

  • After meeting with Republican senators, Gaetz said he was withdrawing because "it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance Transition."


The Spin

Republican narrative

As a profoundly gifted lawyer, Gaetz would have rooted out systemic corruption at the DOJ. Though his decision to withdraw his name is a setback for the president-elect, this is an unfortunate outcome of political witch-hunting and a smear campaign by the Washington establishment, who were terrified that Gaetz would have cleansed the institutional corruption and leftist lawfare that has ravaged America.

Democratic narrative

With a potentially damning congressional ethics report still hanging over his head, it was natural that he wouldn't have been allowed to shirk responsibility for his alleged sexual misconduct. So, Gaetz saw the writing on the wall that he wouldn't win enough GOP support to be confirmed and withdrew of his own volition to avoid having his name pulled publicly by Trump.

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UK: Former Deputy Prime Minister John Prescott Passes at 86

The Facts

  • Former Deputy Prime Minister Lord John Prescott has died aged 86, with his family writing in a thread on X that he passed "peacefully" on Wednesday "surrounded by the love of his family and the jazz music of Marian Montgomery."

  • Born in Wales in 1938 before moving near Rotherham at the age of four, Prescott left school at age 15 with no qualifications, studied economics at Hull University — and became a trade union activist, leading a national seamen's strike in 1966.


The Spin

Left narrative

For many, Prescott was and forever will be a shining beacon of the Labour Party's core values. Having left school without qualifications before becoming a union activist, a local advocate for Hull, and a working-class counterweight to Tony Blair's air of elitism, there are not many left within Labour who can truly claim to be of the people in a way Prescott so unapologetically was. A man who acted as a bridge between both Blair and Brown as well as Old and New Labour, his passing is a true loss for British politics.

Right narrative

Prescott's death has led to inevitable comparisons between himself and his modern equivalent, Angela Rayner. Yet this reflection on the past has only made it ever clearer that the current Labour ticket remains but a cheap imitation of the New Labour titans of the past. While Rayner is no Prescott, she is certainly helped by the fact that Starmer is even less so like Blair — only time will tell if she can achieve what her mentor couldn't quite do and lead the country as a left-wing Labour Prime Minister.

Nerd narrative

There is a 30% chance that Angela Rayner will win the next UK Labour Party leadership election, according to the Metaculus prediction community.

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Australia's Parliament Will Consider Social Media Ban for Kids Under 16

The Facts

  • Australia's ruling Labor Party government has proposed legislation in Parliament to ban social media for children under 16, with no parental consent or account exemptions and fines of up to A$49.5M (US$32.2M) for tech platforms that violate the rule.

  • Communications Minister Michelle Rowland said TikTok, Facebook, Snapchat, X, Reddit, and Instagram would be included in the ban, stating that the goal of the law is for social media not to be a "defining feature of growing up in Australia."


The Spin

Narrative A

The digital childhood experiment has been tried and failed, so now we need governments to take action. The current generation of young adults are looking back on their childhoods and realizing that social media had little positive impact and a great deal of destructive consequences. The superficial content they're consuming leads to abuse and even health issues. Enacting this ban is crucial.

Narrative B

Like many things, social media has negative effects and immense benefits. These apps allow children of all backgrounds to educate themselves and make friends. Instead of taking them away, the government should force tech companies to implement child safeguards — making the internet a safe place to learn while blocking out the harmful parts.

Nerd narrative

There's a 10.5% chance that TikTok will not still be available in the United States on December 31, 2025, according to the Metaculus prediction community.

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US Dept. of Justice Charges Indian Billionaire in $265M Bribery Scandal

The Facts

  • Federal prosecutors in New York have indicted Indian businessman Gautam Adani, one of the world's wealthiest individuals, with charges of securities fraud and conspiracy related to a massive solar energy project.

  • The indictment alleges that Adani and his co-defendants paid or planned to pay approximately $265M in bribes to Indian government officials in exchange for billions of dollars worth of contracts and financing.


The Spin

Pro-establishment narrative

The charges represent a significant step in holding powerful international business figures accountable for alleged corruption and fraud that impact US investors. The sophisticated scheme involved multiple layers of deception and manipulation of the financial markets, demonstrating the need for strict oversight of international business dealings.

Establishment-critical narrative

The allegations follow a pattern of targeted attacks on successful Indian businesses expanding globally. The timing and nature of these charges raises questions about the motivations behind the investigation, especially considering the previous controversial claims by short-sellers targeting the Adani Group.

Nerd narrative

There's a 22.4% chance that Gautam Adani will be listed in the top 10 of the Forbes' annual 'World's Billionaires List' before 2026, according to the Metaculus prediction community.

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US Dept. of Justice: Google Must Sell Chrome

The Facts

  • The US Justice Department (DOJ) in a court filing Wednesday argued that Google, which controls approximately 90% of the online search market, should be forced to sell its Chrome browser and share data with competitors.

  • The DOJ also asked US District Judge Amit Mehta to end Google's payment agreements with device makers, which makes Google Search the default search engine on these devices.


The Spin

Narrative A

Forcing a sale of Chrome represents a radical agenda that exceeds the scope of the legal issues in question. The proposed breakup would harm consumers, developers, and American technological leadership at a critical time. Chrome and Android are offered freely on an open-source basis, and splitting them from Google would effectively break these services.

Narrative B

The forced sale of Chrome is necessary to break Google's monopolistic control over internet search access points and restore market competition. The company's practice of making massive payments to maintain default search status has blocked competitors from gaining market share. This aggressive remedy is essential to prevent Google from dominating emerging technologies like AI.

Nerd narrative

There's a 10% chance that the US break up Google before Jan. 1, 2026, according to the Metaculus prediction community.

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ICC Issues Arrest Warrants for Israeli, Hamas Leaders

The Facts

  • The International Criminal Court (ICC) issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, former Israeli Defense Minister Yoav Gallant, and Hamas military leader Muhammad Deif for crimes against humanity and war crimes in Gaza.

  • Earlier this year, Israel said it assassinated Deif, but Hamas never confirmed his death. The ICC had also planned to issue warrants for Hamas political leaders Ismail Haniyeh and Yahya Sinwar, but both were killed by Israel in recent months.


The Spin

Pro-establishment narrative

It is simply undeniable that the war in Gaza has taken a terrible toll on its population, and the US is committed to alleviating that suffering. Nonetheless, baseless accusations of genocide are unhelpful and only fuel the wider conflict. The only way to assist the Palestinians in Gaza is to find a cease-fire and resolution to this conflict through negotiations.

Pro-Israel narrative

The ICC is demonstrating its anti-Israel and antisemitic bias. These warrants create a disgusting equivalence between terrorists and Israeli leaders trying to defend their people from said terrorists. Indeed, the fact that Hamas welcomed the move shows with whom the ICC wants to side. The ICC is a disgrace.

Pro-Palestine narrative

Though the genocide is ongoing, Palestinians have been delivered at least one small victory. Just the mere suggestion that Israeli leaders may face consequences for their actions is enough to elicit a diplomatic campaign by the US to prevent such ethical moves. Israel has committed regular massacres in Gaza in addition to the famine it has created. If it were any other country, there would be no obstructions to the ICC's case.

Nerd narrative

There's a 50% chance that Benjamin Netanyahu will cease to be Prime Minister of Israel by June 2025, according to the Metaculus prediction community.

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Banana Taped to Wall Sells for $6.2M at Sotheby's

The Facts

  • Italian artist Maurizio Cattelan's conceptual artwork "Comedian," consisting of a banana attached to a wall with duct tape, sold for $6.2M at Sotheby's contemporary art auction in New York on Wednesday.

  • The artwork, which was bought by Chinese cryptocurrency firm founder Justin Sun, comes with a certificate of authenticity and instructions for replacing the banana when it rots. This comes after the piece debuted at Art Basel Miami Beach in 2019.


The Spin

Narrative A

"Comedian" offers a compelling critique of both art and society. Its temporary nature challenges traditional notions of permanence, while its simplicity mocks the commodification of art. By transforming an everyday object into a high-value piece of conceptual art, the piece provokes debate on wealth, accessibility, and what truly defines art. With society now debating the absurdity of this creation, Maurizio Cattelan has achieved his goal.

Narrative B

Modern art is all too often not some unique form of social commentary but essentially a money laundering scheme. Its low production costs and subjective valuation often allow for inflated prices that disguise illicit transactions. It's sad that the art industry, which used to be led by the classics, has often been hijacked by those who either wish to commit financial fraud or degenerate culture itself.

Nerd narrative

There is a 58.4% chance that at least one work presented at Art Basel 2030 will use an NFT, according to the Metaculus prediction community.

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Health Canada Grants Neuralink Implant Approval

The Facts

  • Neuralink, the Elon Musk-owned brain implant company, has announced it received approval for the first time from Health Canada to recruit volunteers to participate in its CAN-PRIME Study, which will evaluate the safety of the implant and surgical robot and determine the effectiveness of the brain-computer interface (BCI).

  • In this study, Neuralink says a small, unnoticeable implant will be inserted in the part of the brain that controls movements. If successful, the implant would allow a person with limited or no ability to use both hands to operate a computer or smartphone with his or her thoughts.


The Spin

Narrative A

Musk's Neuralink keeps breaking barriers the way his companies have in other fields. The first brain implant patient has been doing well after some early adversity, and now Neuralink is expanding its research north of the US border. Neuralink has succeeded in changing the world despite US regulators trying to do what they do best — rain on an innovative company's parade.

Narrative B

While Neuralink may in fact change the world in a big way — especially for those who've lost use of their limbs — it's important to remember that rushing towards its goal could lead to unnecessary negative consequences. Musk would be wise to not rush forward too fast, lest Neuralink have to deal with tragedy before it achieves its desired outcomes.

Nerd narrative

There's a 50% chance that the US FDA will grant Neuralink permission to sell and implant a brain-machine interface device into general consumers by June 2034, according to the Metaculus prediction community.

See sources

Israeli Strike in Syria Kills Dozens

The Facts

  • An Israeli strike on the Syrian city of Palmyra on Wednesday killed at least 36 people and wounded 50, with the UN saying it was the deadliest attack in the country to date. Syrian state media outlet SANA said that the strike hit residential buildings and an industrial zone. The UK-based Syrian Observatory for Human Rights said that 79 Iran-backed fighters were killed in the strike.

  • The Israeli military did not confirm the attack, though Israel has launched regular strikes in Syria since the beginning of the country's civil war in 2011. Israeli attacks in Syria usually target sites and areas associated with Iranian-backed militias, but it rarely comments on such operations.


The Spin

Pro-establishment narrative

Though the situation in the region continues to escalate, the US has stood firm in its role as a mediator. Israel has every right to respond to the daily terror attacks it has seen since Oct. 7, 2023. However, it's in no one's interest for tensions to explode into a wider regional war. The US will continue to work toward regional stability.

Pro-Israel narrative

Amid ongoing terror from Gaza, the West Bank, Lebanon, Syria, Iraq, Yemen, and Iran, the world has turned its back on Israel. Whole stretches of the region have been taken hostage by Iran-backed terror groups, while Israel is fighting to liberate the Middle East. Indeed, Israel does not only have a right to defend itself — it has a right to win.

Pro-Palestine narrative

Israel is bombing several countries in the Middle East yet continues to play the victim. As it commits genocide in Gaza and works to destroy Lebanon — all in the name of "remaking the Middle East" — it will only create more problems for itself. Indeed, Israel's aggression will only lead to its further isolation.

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