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From: Bloomberg
Date: Fri, Jun 10, 2022, 5:05 PM
Subject: ‘Attempted coup’
To:
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The first public hearing of the Congressional committee investigating the
Jan. 6, 2021, attack on the US Capitol left no doubt as to its position on
who was responsible. House members labeled the deadly attempt to block the
transfer of power an “attempted coup
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and
said it was the bloody culmination of a seven-part plan that began before
the 2020 election—a plan ultimately moved forward by one person. The
bipartisan committee alleged criminal acts by Donald Trump and his aides
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punctuating arguments with gruesome video of his followers doing violence
to Capitol police, along with similarly powerful witness testimony. With more
public hearings
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scheduled through the month, the world is likely to get more insight
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into the events of that day and other facets
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of a purportedly wide-ranging bid to subvert American democracy. But
Congress cannot prosecute federal crimes—that’s the job of the Department
of Justice. Its unprecedented nationwide probe continues to slowly
accumulate
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arrests, guilty pleas, cooperators and convictions. As Congress completes
its report, all eyes will turn to Attorney General Merrick Garland
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and the course of his inquiry into an alleged seditious conspiracy. *—David
E. Rovella
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*Bloomberg is tracking the coronavirus pandemic
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and the progress of global vaccination efforts
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Here are today’s top stories
*US inflation accelerated* to a fresh 40-year high
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in May, likely prompting the Federal Reserve
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to
extend its plan of aggressive interest-rate hikes
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The consumer price index increased 8.6%
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from a year earlier, Labor Department data showed Friday. That figure,
however, included the more volatile food and energy
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components, which are stripped out when measuring “core” CPI, which rose
0.6% from the prior month. President Joe Biden ripped Vladimir Putin and
his war on Ukraine for high gas prices, as well as Big Oil, saying “Exxon made
more money than god
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.”
*When the nineties ended*, an overvalued stock market took three long years
to rid itself of its accumulated excess in what is now known as the dot-com
crash. That a similar reckoning has needed just 14 months to play out now
is a sign of how fast moving this market is—and how dangerous it’s become
for anyone believing they can pick a moment to buy and sell
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.
*The Biden administration* is lifting its requirement that all travelers
test negative for the coronavirus before flying to the US, amid pressure
from airlines that viewed the measure as excessive and blamed it for depressing
ticket purchases
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But those already-overwhelmed carriers may soon become the dog that caught
the car
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.
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*Shanghai will briefly* lock down most of the city this weekend for mass
testing as Covid-19 cases continue to emerge, triggering a renewed run on
groceries
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days after exiting a grueling two-month shutdown.
*US and Chinese defense officials* said they planned further talks after
Defense Secretary Lloyd Austin and his counterpart Defense Minister Wei
Fenghe sparred over Taiwan and other regional security issues. But despite
many disagreements, both sides said progress was made
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.
*German Chancellor* Olaf Scholz signaled that Serbia should end its balancing
act
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between the European Union and Russia and adopt the bloc’s sanctions over
the Ukraine war if it’s serious
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about joining the EU.
*GM is trying* to buy a bigger share of the EV market while it ramps up
production of newer, top-dollar models. How so, do you ask? At a time of
incredibly scant car supply, with dealers often charging thousands of
dollars above sticker and consumers waiting weeks or months to take
delivery, the legacy auto giant slashed the price of its Chevrolet Bolt
hatchback and slightly bigger cousin, the Bolt EUV, by about $6,000
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.
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The 2022 Chevrolet Bolt EUV *Photographer: Christopher Dilts/Bloomberg*
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What you’ll need to know tomorrow
- *Bloomberg Opinion*: China has a big problem Xi Jinping can’t solve
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.
- Billion-dollar crypto gaming startup promised riches, delivered
disaster
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.
- Wall Street’s move south is crowding Florida’s elite private schools
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.
- *Bloomberg Opinion*: Gen X, Z and millennials agree on work from home
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.
- Amazon plans to exit $7.7 billion race for cricket rights
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.
- Russia has new branding
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for burger joints now that McDonald’s has left.
- Sony PlayStation’s new “God of War
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game is planned for November.
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The Last 12 Houses on Fisher Island Are for Sale
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Fisher Island, the famously rarefied enclave just south of Miami Beach,
accessible only by ferry or helicopter, has roughly 800 residences that
have been occupied by the likes of Oprah Winfrey and Boris Becker. Now, the
community, which for years claimed the title of America’s richest zip code,
will have 12 new single-family homes
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The
mansions will have about 10,000 square feet and cost around $3,300 for each
one, meaning that—at roughly $33 million apiece—they have the potential to
be the most expensive real estate on the island. They’ll also be some of
its last.
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A rendering of one of the houses on Fisher Island. *Source: Fisher Island
Holdings, LLC*
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