California’s governor, Gavin Newsom has prevailed in a historic recall election that had him battling for his political life. In a referendum on the governor’s leadership through the pandemic, voters resoundingly rejected the choice to replace him with a Trumpist Republican.

The Associated Press projected the results about 45 minutes after polls closed on Tuesday night. Newsom’s most popular challenger was Larry Elder, a right wing radio host who drew comparisons to the former president and who attempted to sow baseless doubts about the election process.

Newsom did not hold a watch party or election night celebration. Instead, he struck a somber tone speaking to reporters on Tuesday night, saying: “Tonight I’m humbled, grateful, but resolved.”

Speaking in Sacramento, Newsom said that in voting no on the Republican-led recall, Californians said “Yes to science, we said yes to vaccines.”

“I’m humbled and grateful to the millions and millions of Californians that exercise their fundamental right to vote,” Newsom said, “and express themselves so overwhelmingly by rejecting the division, by rejecting the cynicism.”

While margins are expected to shrink as more votes are tallied, results on Tuesday night showed Californians appeared to oppose the recall effort in greater numbers than some experts initially expected. With about 60% of ballots counted, “no” on the question of whether to recall Newsom was ahead by a two to one margin.

Although the race was called by the AP on Tuesday night, the vote count is not yet final, and election officials have 30 days to count all the ballots.

As a Democratic governor of a deep-blue state, the governor found himself in the peculiar position of having to defend his seat after the recall effort gained steam amid the worst of the pandemic, fueled by frustrations over school and business closures.

Volunteers put up signs in support of Gavin Newsom in San Francisco on 14 September. Photograph: Jeff Chiu/AP

Gubernatorial recall petitions are very common in California, but only one other such recall has made it on to the ballot in state history.

Newsom initially dismissed the recall election as a costly distraction – indeed, it could cost the state some $300m or more. But Democrats kicked into high gear in the late summer as polls indicated that apathetic and angry voters could cost him his position at the helm of the most populous US state.

In the lead-up to the election, Newsom – who struggled to live down missteps and connect with young progressive voters – reframed the recall as a referendum on Trumpism – honing in on Elder. Emphasizing that Elder had vowed to repeal mask and vaccine mandates “before I have my first cup of tea” if he were inaugurated as governor, Newsom characterized the election as a “matter of life and death”.

The day before the 14 September deadline to vote, Joe Biden campaigned alongside Newsom, telling voters “the eyes of the nation are on California”.

A voter casts a ballot for the California recall election at a polling station in Los Angeles. Photograph: Ringo HW Chiu/AP

“It’s somewhat remarkable that Newsom was able to take the Covid issue, which might have been a failure fatal weakness for him and was able to turn it into a considerable strength,” said Dan Schnur, a politics professor who has advised Republican candidates.

For many voters, a “no” vote did turn out to be less an endorsement of Newsom and more a rejection of Elder and other Republicans. Newsom “didn’t let us turn into a Florida or a Texas”, said Tim Otto, a bookstore owner in Stockton, California – referring to states whose governors have blocked or fought mask and vaccine requirements.

Elder spent election night in Costa Mesa, California, where guests at his party viewed Fox News on big screens, and danced along to live music from Phil Crosby (Bing’s grandson) and his six-man band. He conceded defeat on Tuesday night.

Among early voters, Democrats outnumbered Republicans by two to one – though gap was expected to shrink on election day with a greater proportion of Republicans expected to cast their ballots day-of. Polls that had initially placed Elder within striking distance of Newsom began to widen ahead of election day. As his chances of victory slimmed, Elder began following in Trump’s footsteps by spreading conspiracy theories to falsely suggest that the election was rigged against him.

Larry Elder was the leading Republican challenger to incumbent governor Gavin Newsom. Photograph: Mike Blake/Reuters

The results will have national reverberations. For Democrats across the country, Newsom’s victory has averted a crisis of confidence. “Democrats running in other parts of the country next year would do well to study Newsom’s playbook very carefully,” Schnur said – noting that the governor’s ability to find a foil in Elder is in large part what helped him energize voters.

The race has given Elder, an already popular fixture in rightwing media, a more prominent national stage. “I have now become a political force here in California,” he said in a recent radio interview, on KMJ Now radio. “I’m not going to leave the stage.” His election misinformation, which has been amplified by Trump and his allies, has carried on a sense of mistrust of US elections among conservative and rightwing voters.

Newsom’s other Republican challengers included the former San Diego mayor Kevin Faulkner, the businessman John Cox – who also lost to Newsom in 2018 – and the reality TV star Caitlyn Jenner.

The governor, who was elected by historic margins nearly three years ago, worked throughout the recall campaign to live down pandemic-era missteps. Parents were frustrated when public schools remained closed in California for far longer than they did in other states. Under Newsom, the state’s unemployment department struggled with major backlogs, and paid out an estimated $31bn in fraudulent claims. The governor also faced harsh criticisms over the state’s initially slow vaccine rollout and its ineffectual sign-up site. An ill-timed, lobbyist-laden dinner at the Michelin-starred French Laundry restaurant amid the state’s Covid-19 surge last November gave his opponents further ammunition against him.

Having survived the recall, Newsom will serve one more year before he is up for re-election. “If he had survived by a small margin, it is very likely another Democrat would have run against him from the left next year,” Schnur said. “But given a landslide like this one, it’s very hard to see that happening.”

An election worker verifies signatures on mail-in ballots on the day of the recall. Photograph: Gina Ferazzi/Los Angeles Times/REX/Shutterstock

A blowout for Newsom will also “further Newsom’s political strength and aspirations going forward”, said Mindy Romer, the founder of the Center for Inclusive Democracy, a nonpartisan research organization.

The only other gubernatorial recall that went to statewide vote was in 2003, when Republican Arnold Schwarzenegger ousted Democrat Gray Davis. But Newsom remained more popular than Davis did, despite his blunders.

Support for the recall was highest in parts of California’s agricultural central valley, and rural north. Those areas have always been more conservative, and were centers of resistance against mask requirements and pandemic restrictions over the past year.

Ultimately, a major consequence of this year’s recall in California could be a rethinking of the recall process itself. In a poll released Monday by the UC Berkeley’s Institute of Governmental Studies, co-sponsored by the Los Angeles Times, 75% of registered voters said they wanted to keep their right to remove a statewide official through a recall election. But a majority of voters also proposed reforms, such as increasing the number of petition signatures required to trigger a recall, and requiring that recallers give a reason for wanting to remove an official such as illegal or unethical conduct.

Associated Press contributed to reporting.

Source Article from https://www.theguardian.com/us-news/2021/sep/14/gavin-newsom-will-remain-california-governor-after-easily-defeating-recall-attempt

Seoul, South Korea (CNN)North Korea fired two unidentified ballistic missiles into waters off the east coast of the Korean Peninsula on Wednesday, according to South Korea’s Joint Chiefs of Staff.

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Source Article from https://www.cnn.com/2021/09/15/asia/north-korea-missiles-intl-hnk/index.html

At the center of the legal debate over the law is the mechanism that essentially deputizes private citizens, rather than the state’s executive branch, to enforce the new restrictions by suing anyone who performs an abortion or “aids and abets” a procedure. Plaintiffs who have no connection to the patient or the clinic may sue and recover legal fees, as well as $10,000 if they win.

In its court filing, the Justice Department called this mechanism “an unprecedented scheme that seeks to deny women and providers the ability to challenge S.B. 8 in federal court.”

It said that in other cases where states had enacted laws that abridged reproductive rights to the extent that the Texas law does, courts had stopped those measures from taking effect.

Texas’ “attempt to shield a plainly unconstitutional law from review cannot stand,” the department said in its motion.

The Supreme Court did not rule on whether Senate Bill 8 was constitutional when it refused to block the law. The Justice Department has placed its constitutionality at the heart of the lawsuit, which could force the court to consider new factors and possibly come to a different decision if it hears the case.

Opponents and supporters of the Texas law recognize that it is an enormous shift in the nation’s battle over abortion, which has long rested on whether the Supreme Court will overturn Roe v. Wade, the landmark 1973 decision that granted women the constitutional right to the procedure.

The Texas law essentially allows a state to all but ban abortions before a legal test of that watershed case. If the law is not stopped by the courts, other Republican-led state legislatures could use it as a blueprint for their own restrictions.

Source Article from https://www.nytimes.com/2021/09/14/us/politics/texas-abortion-justice-department.html

MOAB, Utah — In another new development to a missing person case that has gained national attention, a Utah police department said its officers responded to an incident involving Gabby Petito and Brian Laundrie.

Petito was recently reported missing by her family in New York. She and Laundrie, her boyfriend, had been traveling to different national parks over the summer when her family says they lost contact with her.

Since then, new information has caught the attention of concerned people worldwide — such as Laundrie returning home to Florida and reportedly not cooperating with police.

The case also involves Utah; the couple were visiting national parks in the state and had also been in Salt Lake City and Ogden.

READ: Missing woman’s last social media post was from Ogden business

The Moab Police Department confirmed to FOX 13 Tuesday night that officers responded to an incident involving the pair.

Chief Bret Edge said the incident occurred on Aug. 12. He said officers investigated but determined there was not sufficient evidence for criminal charges.

No further details about the nature of the incident were provided, but Edge did add that the couple were not the ones who called the police.

Source Article from https://www.fox13now.com/news/local-news/moab-police-responded-to-incident-involving-missing-woman-fiance

South Carolina police have arrested a man who allegedly conspired with Alex Murdaugh, a high-profile attorney whose wife and son were murdered in a double shooting in June, to shoot and kill him in a plot to garner millions in life insurance payouts to his son.

“Agents of the South Carolina Law Enforcement Division Tuesday arrested a Colleton County man in connection with the shooting incident involving Alex Murdaugh on Sept. 4 in Hampton County,” South Carolina Law Enforcement Division spokesman Tommy Crosby said in a statement.

Curtis Edward Smith, 61, faces charges of assisted suicide, assault and battery, pointing and presenting a firearm, insurance fraud and conspiracy to commit insurance fraud in connection with the case, according to the South Carolina Law Enforcement Division.

Investigators said they have probable cause to believe Murdaugh set up the plot himself – but survived the shooting attempt with a superficial wound to the head, according to a SLED affidavit.

“Richard Alex Murdaugh conspired with Curtis Edward Smith in the area of Old Salkehatchie Road, for the purpose of Mr. Smith assisting Mr. Murdaugh to commit suicide,” the affidavit alleges. “Mr. Murdaugh provided Mr. Smith with a firearm and directed Mr. Smith to shoot him in the head for the purpose of causing Mr. Murdaugh’s death and allowing for the payment of a stated death benefit.”

If the plot succeeded, Murdaugh’s surviving son, Buster Murdaugh, could have collected on his father’s $10 million life insurance policy, police said.

SOUTH CAROLINA 4-SENTENCE INCIDENT REPORT ON ALEX MURDAUGH SHOOTING: ‘FURTHER INVESTIGATION REQUIRED’

Smith allegedly shot Murdaugh in the head on Old Salkehatchie Road on the afternoon of Sept. 4, then drove away to dispose of the gun, which the lawyer allegedly provided. 

Police also charged Smith for allegedly selling methamphetamine and possessing marijuana.

Additional charges are expected in connection to the Murdaugh case after state investigators joined the case at the request of the Hampton County Sheriff’s Office, Crosby said.

Two days after the shooting, Murdaugh announced that he was resigning from his law firm, which his family founded more than a century ago, and entering rehab. Hours later, the firm, PMPED, alleged that the departing attorney had misappropriated funds. SLED is also investigating that case.

Later that same week, the state Supreme Court suspended Murdaugh’s law license.

SOUTH CAROLINA LAWYER ALEX MURDAUGH SHOT MONTHS AFTER WIFE AND SON WERE KILLED IN UNSOLVED CASE

The Murdaughs, prominent in the region through their law practice and decades-long control of the local prosecutor’s office, have attracted national attention following the unsolved shooting deaths of Paul and Maggie Murdaugh, 22 and 52, on June 7. They were gunned down on a family property and discovered by Alex Murdaugh, who said he stumbled upon the crime scene on his way home from visiting his terminally ill father – who died days later.

At the time of their slayings, Paul was awaiting trial in connection with a drunken boat crash that killed a 19-year-old passenger named Mallory Beach in February 2019.

Investigators looking into the double murder said they have also uncovered information that led them to reopen the probe into the 2015 hit-and-run death of 19-year-old Stephen Smith.

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That case has raised questions about the family’s ties to local law enforcement and it launched both a state investigation and civil litigation regarding whether there had been undue influence.

Source Article from https://www.foxnews.com/us/murdaugh-mystery-south-carolina-man-arrested

  • Sen. Joe Manchin dug in on his proposal to require people work for the Biden child tax credit.
  • “Tax credits are based around people that have tax liabilities,” Manchin told Insider.
  • Early research indicates that advance payments helped cut hunger among families, including those in Manchin’s state of West Virginia.

Sen. Joe Manchin of West Virginia dug in on pushing a new requirement that parents work in order to receive the child tax credit on Tuesday as Democrats struggled to get the $3.5 trillion social spending plan over the finish line.

“They know I feel very strongly about that. Tax credits are based around people that have tax liabilities,” Manchin told Insider on Tuesday. “I’m even willing to go as long as they have a W-2 and showing they’re working, we’ve talked about that.”

It comes two days after Manchin first suggested requiring people to work and file taxes as a condition to get the advance monthly payments. He said in a CNN interview that tying the child tax credit to those with jobs would ensure federal assistance would flow to “the right people.” He maintained he supports child tax credits.

Democrats in the House and Senate, including Sens. Bernie Sanders of Vermont and Sherrod Brown of Ohio, on Monday poured cold water on the idea. Opposition to the idea on Tuesday grew from other Democrats as well. The party is laboring to assemble a party-line package that can garner the support of nearly every Democratic lawmaker and turn it into law this month.

“Adding a work requirement or other stipulations to the Child Tax Credit would hurt middle-class families,” Rep. Suzan DelBene of Washington, chair of the 95-member moderate New Democrat coalition, said in a statement to Insider. “The Child Tax Credit is an important tax cut for middle-class families and in only two months is already having an incredible impact on American children.”

She added the New Democrat group was “all-in” on extending the benefit. 

Meanwhile, Brown told reporters on Tuesday, “I think that raising children is work.”

Other lawmakers expressed different qualms about the program. Sen. Angus King, a Maine independent who caucuses with Democrats, told Insider he was “concerned” about the cash benefit flowing to high-earning Americans, but said families shouldn’t have to pay taxes to access the program, known as refundability.

“This should be refundable,” he told Insider.

The Democratic stimulus law in March turned the credit into a one-year cash benefit issued in monthly checks to the vast majority of families. Individuals who earn $75,000 or less are eligible for up to either a $250 or $300 direct payment per child depending on their age. Couples earning a combined $150,000 or less also qualify for the total check amount.

House Democrats are pushing to extend the revamped credit until 2025, and ensuring that low-income families who don’t have to file taxes can permanently get the benefit. The current child allowance does not require individuals to have a job to obtain federal assistance.

But its unclear whether Senate Democrats will extend it with the same length and structure, given early resistance from Manchin.

Early research indicates the first month of payments kept three million children out of poverty and helped feed two million kids in July. Food insecurity dropped among West Virginian families as well, per an analysis last month from the West Virginia Center on Budget and Policy.

Source Article from https://www.businessinsider.com/manchin-work-requirements-biden-child-tax-credit-sparking-democrat-2021-9

“He refused to commit to accepting the results of the election,” Soboroff said. “I’m curious if you heard what he had to say, what do you make of that?”

Newsom chuckled before taking off his California bear mask and launching into a tough broadside against Elder, and former President  Donald Trump. “I’ll take my mask off on that,” replied the governor.

“I mean, just think about what you said to me,” Newsom said. “… What that message sends to the United States, people all across this country, their vote somehow doesn’t matter, that this whole thing is rigged.”

“I mean, they are quite literally trying to dismantle democracy and trust in this country and our very nation,” the governor continued. “This is fundamental, this is serious stuff. I hope people are paying attention to this.”

Both Elder and Trump are, in tandem, already claiming without evidence that this election is faulty.


Trump, on Monday, issued a statement saying, “Does anybody really believe the California Recall Election isn’t rigged?”

A website put up by the Elder campaign, called “Stop CA Fraud,” has a form in which voters can report if they “have experienced any irregularities, interference, or intimidation while voting.”

Newsom continued, “I could care less what he does with the election. I’ll accept the will of the voters no matter what it is. Period, full-stop. The idea they’re even playing around with this and vandalizing trust and confidence, that’s consequential. That has real impact across this country.”

Newsom also speculated that this last-minute blitz to peddle misinformation about the election being “rigged” is “going to hurt the Republican Party” by discouraging GOP voters from casting their ballots.

“It’s a hell of a thing, and I hope people are waking up to what’s going on in this country.”

The Associated Press contributed to this report.

Source Article from https://www.sfgate.com/gavin-newsom-recall/article/Gavin-Newsom-recall-Larry-Elder-Trump-voter-fraud-16459320.php

For a forthcoming study, researchers with the U.K.’s University of Bath and other schools spoke to 10,000 people in 10 countries, all of whom were between the ages of 16 and 25, to gauge how they feel about climate change.

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For a forthcoming study, researchers with the U.K.’s University of Bath and other schools spoke to 10,000 people in 10 countries, all of whom were between the ages of 16 and 25, to gauge how they feel about climate change.

FG Trade/Getty Images

How are young people coping with climate change? The answer, according to one study, is not well, and for good reason.

For a forthcoming study, researchers with the U.K.’s University of Bath and other schools spoke to 10,000 people in 10 countries, all of whom were between the ages of 16 and 25, to gauge how they feel about climate change. The prevailing response could be summed up in two words: incredibly worried. And the respondents say governments aren’t doing enough to combat climate change.

The survey arrives more than six weeks before the world’s nations are set to gather in Glasgow, Scotland, at an annual meeting convened by the United Nations to address climate change. Scientists say that nations aren’t passing the right kinds of bold policies to avert the worst effects of climate change. The survey suggests that young people around the world grasp how widespread and dangerous political inaction is on climate change.

The study concluded that there’s a correlation between negative emotions, such as worry, and beliefs that government responses to climate change have been inadequate. So the way governments have been addressing — or failing to address — climate change is directly affecting the mental health of young people.

Of those surveyed, nearly 60% reported that they felt either “very” or “extremely” worried about climate change, and more than half said climate change made them feel “afraid, sad, anxious, angry, powerless, helpless, and/or guilty.”

Positive feelings such as optimism were reported least among the respondents, researchers said. In fact, 77% said that they considered the future to be frightening, and 56% agreed with the viewpoint that humanity is doomed, according to the study.

For many young people, those feelings of fear and worry affect their ability to function, too, results showed. More than 45% of the respondents said the way they feel about climate change adversely affects their day-to-day lives.

And for those living in poorer countries in the Southern Hemisphere, who are more likely to be affected by natural disasters worsened by climate change, the outlook is even worse: Overall, they’re more worried, and their ability to function is even more impeded, researchers found.

Young people also said they were generally dissatisfied with how their governments have been handling the realities of climate change.

Across all the countries represented — the United States, the United Kingdom, Australia, Brazil, France, Finland, India, Nigeria, Portugal and the Philippines — 65% of young people felt their government was failing them on climate change and 60% felt that the government had been dismissing citizens’ distress over it. Nearly half of those who said they talk with other people about climate change said that their concerns were ignored, according to researchers.

Combating climate change individually isn’t enough on its own, the researchers said. Those in power have a responsibility to act to protect not only the Earth but also the mental health of those who stand to inherit the planet, they said.

As one 16-year-old included in the study wrote, “I think it’s different for young people. For us, the destruction of the planet is personal.”

Source Article from https://www.npr.org/2021/09/14/1037023551/climate-change-children-young-adults-anxious-worried-study

Mr. Manchin had balked at the original legislation and offered elements of a voting bill he would back, prompting his negotiations with Ms. Klobuchar and other Democratic senators: Jeff Merkley of Oregon, Tim Kaine of Virginia, Jon Tester of Montana, Alex Padilla of California and Raphael Warnock of Georgia. Senator Angus King, independent of Maine, also participated.

While Democrats cheered the new version, they also recognized that they were very unlikely to attract sufficient Republican support to break a filibuster against any voting bill. With Democrats controlling 50 votes in the Senate, they would need 10 Republicans to join them in support of the legislation to reach the 60-vote threshold needed to overcome a filibuster, an exceedingly unlikely scenario. That means that they would have to unite to force a change to Senate rules governing the filibuster if the legislation were to have any chance.

Republicans have already blocked debate on a voting rights measure twice before, and most would be very reluctant to back a measure so fiercely opposed by Mr. McConnell and their colleagues.

“There’s no right way to do the wrong thing,” Senator Roy Blunt of Missouri, the top Republican on the Rules Committee, said. “And we believe the wrong thing is to federalize the election process, which has been left to the states and communities since the very start.”

Despite his support for the legislation, Mr. Manchin has reiterated multiple times his refusal to abolish the filibuster, though he has also indicated a willingness to entertain some changes. Senator Kyrsten Sinema, Democrat of Arizona, has also said she is unwilling to scrap the filibuster.

The new proposal prompted an immediate call from progressive activists for Democrats to forge ahead on voting rights and not let Senate rules or Mr. McConnell stand in the way.

“President Biden and Senate Democrats must now move quickly to address the filibuster and prevent Senator McConnell from abusing Senate rules to prevent this bill from getting a fair up-or-down vote,” the anti-filibuster group Fix Our Senate said in a statement.

Mr. Manchin did not mention the filibuster in a statement that strongly endorsed the new proposal.

“The right to vote is fundamental to our democracy and the Freedom to Vote Act is a step in the right direction towards protecting that right for every American,” Mr. Manchin said. “As elected officials, we also have an obligation to restore people’s faith in our democracy, and I believe that the common sense provisions in this bill — like flexible voter ID requirements — will do just that.”

Luke Broadwater contributed reporting.

Source Article from https://www.nytimes.com/2021/09/14/us/politics/voting-rights-bill-democrats.html

The extensive federal relief money enacted during the coronavirus pandemic is widely credited by economists and policy experts with preventing another Great Depression. When looking at individual programs, the stimulus payments, alone, without taking into consideration expenses and other factors, would have lifted 11.7 million out of poverty, census officials estimate. And they said enhanced unemployed aid prevented 5.5 million people from falling into poverty. A separate report last week showed that, because of the aid, hunger did not rise in 2020.

Source Article from https://www.washingtonpost.com/business/2021/09/14/us-census-poverty-health-insurance-2020/

A search effort for a missing New York woman is underway in Wyoming – while her fiancé, whom she was traveling across the country with, is back in Florida at his parents’ house.

Gabby Petito, 22, was last seen in late August at Grand Teton National Park in Wyoming, according to police, and she was reported missing over the weekend after her parents hadn’t heard from her in a week.

“On behalf of the Laundrie family, it is our hope that the search for Miss Petito is successful and that Miss Petito is reunited with her family,” Steven Bertolino, the attorney for Petito’s fiance Brian Laundrie, said in a statement Tuesday afternoon.

Petito and Laundrie were road tripping across the U.S. in a white Ford Transit van, which police have recovered as part of their investigation into her disappearance.

Laundrie has not been charged with a crime, but police in North Port, Fla., told the New York Post that his parents declined to make him available to speak with investigators.

FLORIDA POLICE CALL MISSING WOMAN’S CASE ‘ODD’ 

Gabby Petito and Brian Laundrie began a cross-country road trip in early July, but Petito has been missing since late August.  (Joey Petito)
(Joey Petito)

“On the advice of counsel, the Laundrie family is remaining in the background at this juncture and will have no further comment,” Bertolino said.

CLICK HERE TO GET THE FOX NEWS APP 

Petito, of Blue Point, N.Y., had been living in Florida with Laundrie. Police described the missing woman as White and about 5 feet, 5 inches tall, weighing around 110 pounds. She has blonde hair and blue eyes, and several tattoos, including one on her finger and one on her forearm that reads “let it be.”

Source Article from https://www.foxnews.com/us/missing-gabby-petito-fiance-statement

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Source Article from https://slate.com/news-and-politics/2021/09/larry-elder-says-detected-fraud-in-california-recall-vote-results-which-dont-yet-exist.html

Wash sale rules prevent investors from reaping tax benefits from a losing investment and then immediately buying back the same asset.

The IRS treats crypto as property, not as a security, which is how the asset class escapes the rules.

Crypto investors reap two benefits as a result: They can sell crypto for a loss and claim a tax benefit. (That loss can reduce or eliminate capital gains tax on winning investments.) Then, they can quickly buy back the crypto they sold to capture any rebound in price — which isn’t far-fetched given crypto’s volatility.

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By comparison, stock investors aren’t allowed to buy an identical or similar security within 30 days before or 30 days after a sale without triggering penalties.

House Democrats’ proposal would apply to sales after Dec. 31, 2021.

Subjecting crypto and other assets to wash sale rules would raise $16.8 billion over a decade, according to estimates published Monday by the Joint Committee on Taxation.

The measure is among a series of tax reforms Democrats are considering to raise money for climate investments and a significant expansion of the U.S. social safety net, expected to cost up to $3.5 trillion.

Overall corporate and individual tax reforms outlined Monday would raise almost $2.1 trillion over a decade.

If crypto is ultimately subject to wash-sale rules, investors may be able to speedily establish positions in a different coin without getting tripped up.

Cryptocurrencies are dissimilar enough that selling bitcoin and then quickly buying etherum, for example, likely wouldn’t violate the rules, according to Ivory Johnson, a certified financial planner and founder of Delancey Wealth Management in Washington, D.C.

“The similarities start and end with the coins being exchanged on a blockchain. Using that logic, stocks traded on an exchange, NYSE or otherwise, are not considered one and the same either,” Johnson said. “Stated plainly, bitcoin is to ether what Gold is to Visa — they’re not ‘substantially similar’ and should not in my opinion trigger the wash sale rule.”

Source Article from https://www.cnbc.com/2021/09/14/house-democrats-plan-would-close-tax-loophole-used-by-crypto-investors-.html

Nicholas made landfall across the central Texas coast early Tuesday morning as a Category 1 hurricane.  

NICHOLAS DOWNGRADED TO TROPICAL STORM AFTER MAKING LANDFALL IN TEXAS AS CATEGORY 1 HURRICANE

The storm is forecast to weaken, but not move very much, bringing torrential rainfall to Texas and Louisiana.

Hurricane Nicholas makes landfall
(Credit: Fox News)

A high risk of excessive rainfall for southwest Louisiana is not good news for an area that was hit very hard by Hurricane Ida just two weeks ago.

Over a foot of rain – with isolated totals of up to 20 inches of rain – is possible.  

Rainfall around Louisiana
(Credit: Fox News)

HURRICANE OLAF HITS MEXICO’S LOS CABOS RESORTS AT CATEGORY 2

Meanwhile, a wide swath of 5-10 inches of rain will extend inland from far-East Texas across the central Gulf Coast.  

Flood Advisories in Texas
(Credit: Fox News)

Some tropical tornadoes, storm surge and gusty winds will also be dangerous especially east of the center of circulation. 

In other weather news, strong to severe thunderstorms will be possible from the Central Plains to the Northeast along a frontal boundary bringing the risk for hail, damaging winds, an isolated tornado and heavy rain. 

Severe weather threats from the Central Plains to the Northeast
(Credit: Fox News)

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Temperatures remain above average for much of the U.S. 

Source Article from https://www.foxnews.com/us/tropical-storm-nicholas-gulf-coast-severe-thunderstorms-possible-central-plains-northeast

Source Article from https://www.usatoday.com/story/news/politics/2021/09/14/secretary-antony-blinken-grilled-senate-over-afghanistan-withdrawal/8330088002/

Questions are mounting in Afghanistan after two senior Taliban leaders — the group’s supreme leader and new deputy prime minister — have vanished from public view, sparking speculation one was killed in a shootout with rivals.

The Taliban on Tuesday denied that Mullah Abdul Ghani Baradar, who was only named deputy prime minister last week, had been killed or injured in a clash.

Taliban spokesman Suhail Shaheen claimed Baradar had issued a voice message rejecting the claims.

“He says it is lies and totally baseless,” Shaheen tweeted.

The Taliban also released footage that supposedly showed Baradar at meetings in the city of Kandahar, but it was not immediately clear when the video was shot.

It follows days of rumors that Baradar’s supporters had clashed with those of Sirajuddin Haqqani, head of the Haqqani network that has been blamed for suicide attacks throughout the war.

There were also reports he had been killed in a fight with another Taliban leader over how to divide the new government’s ministries, according to the Guardian.  

The group’s supreme leader, Mullah Haibatullah Akhundzada, also hasn’t been seen in public since the Taliban seized control of Kabul a month ago,
REUTERS

The speculation surrounding Baradar’s death also comes after rumors of internal rifts in the Taliban just one month after they seized control of the country.

The Taliban have repeatedly tried to deny reports of internal division without the group.

Baradar, the feared Taliban co-founder who was once nicknamed “Baradar the Butcher,” was widely thought to be the leader of the new Taliban government.  

Taliban fighters of the Badri 313 military unit stand guard at the airport in Kabul.
Karim Sahib/AFP/Getty Images

Meanwhile, the group’s supreme leader Mullah Haibatullah Akhundzada hasn’t been seen in public since the Taliban seized control of Kabul a month ago.

A spokesperson denied rumors of his death, the Guardian reports.

The speculation may have been fueled by the Taliban’s own track record after they hid the death of the group’s founder, Mullah Omar, for two years.

Taliban spokesman Suhail Shaheen claimed Baradar had issued a voice message rejecting the claims of his death.
Sergei Savostyanov/TASS/Getty Images

His death was only made public in 2015.  

Source Article from https://nypost.com/2021/09/14/taliban-denies-two-leaders-dead-after-missing-from-public-view/