Those mormans
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From: Bloomberg
Date: Mon, Jun 27, 2022, 6:53 PM
Subject: This time it’s religion
To:
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Since Friday, the US Supreme Court has been under withering fire from many
quarters (and many countries
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for its leap to the right on guns and abortion. New polls affirmed that a
majority of Americans reject its judgment that women do not have a right
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to end a pregnancy under the Constitution and see the ruling in that case
as purely political
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While anti-abortion groups and the gun industry praised the matching 6-3
opinions by the Republican-appointed majority, some legal observers
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have
eviscerated
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the reasoning
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used by Clarence Thomas
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(who is urging more federal rights be targeted for review) and Samuel Alito
to arrive at their conclusions. Both the Democratic-appointed dissenters
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and members of Congress are now calling into question
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the
court’s legitimacy
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as
an institution. But on Monday, the same six justices picked by George H.W.
Bush, George W. Bush and Donald Trump kept going, moving to dismantle
precedent
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in yet another foundational area of American jurisprudence: the separation
of church and state. In ruling that a public high school employee could
lead prayers
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on
the field after a sports event, the six justices built on another of their
decisions last week, one in which they held that taxpayers could be made to
fund
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religious
schools in certain circumstances.
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Texas police in riot gear confront abortion rights demonstrators during a
Rally For Reproductive Freedom in Austin on June 26. *Photographer: Alex
Scott/Bloomberg*
The fallout from the majority’s decision to reverse *Roe v. Wade *continues
to spread across the country
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to state capitals and lower courts
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But abortion opponents, having secured their decades-old dream, are finding
they don’t all agree
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on what to go after next—some, led by former Vice President Mike Pence,
want to end abortion rights for all women. Part of the anti-abortion
movement’s long-term strategy has included the use of so-called crisis
pregnancy centers, which are funneling cash into social media efforts,
targeting teens and young adults on TikTok, Instagram and Snapchat. But
some of them, as it turns out, have been using these platforms to spread
what health care professionals warn is harmful misinformation
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. *—David E. Rovella
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and
Natasha Solo-Lyons
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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
*The Jan. 6 committee* called a surprise hearing
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for Tuesday to “present recently obtained evidence and receive witness
testimony,” according to a statement. The abruptly scheduled 1 p.m. session
was announced after the committee said it had obtained new video evidence
from inside the Trump White House before and after
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the 2021 insurrection.
*FTX crypto exchange* is exploring whether it might be able to acquire
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Robinhood Markets. FTX is said to be deliberating internally how to buy the
app-based brokerage, but Robinhood hasn’t received a formal takeover bid
from FTX founder Sam Bankman-Fried, who with almost $10 billion is one of
the richest people in crypto.
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Sam Bankman-Fried *Photographer: Sarah Silbiger/Bloomberg*
*Cryptocurrency’s *all-for-one ethos was its biggest draw for a generation
of alienated techies. But now panic is spreading
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across
the digital asset universe, and that same ethos may threaten its very
survival
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.
*Vladimir Putin* is traveling to Tajikistan and Turkmenistan this week as
part of his first foreign trip
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since
launching Russia’s war on Ukraine, which is estimated to have killed tens
of thousands of Ukrainians since it began in February. On Monday, Kremlin
forces reportedly added to the death toll, launching a missile strike
on a mall
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in
Kremenchuk filled with civilians, killing at least 13 of them, according to
Kyiv officials.
Ukrainian firefighters extinguish a blaze caused by what authorities said
was a Russian missile strike on a shopping mall in Kremenchuk on June
27. *Photographer:
Ukrainian State Emergency Service/Anadolu Agency via Getty Images*
*Credit Suisse was convicted* of failing to prevent money laundering by a
Bulgarian cocaine trafficker. The historic judgment was the first ever
criminal conviction of a major Swiss lender in the country’s history
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.
*After last week’s powerful Friday rally*, stocks edged down Monday. The
tech-heavy Nasdaq 100 underperformed, Treasury yields climbed and the
dollar largely stayed put. Here’s your markets wrap
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.
*Michael Burry*, the Scion Asset Management founder made famous by
Christian Bale in the movie “The Big Short,” suggested that the “bullwhip
effect” happening in the retail sector may lead to the Fed reversing rate
increases
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as well as its quantitative tightening policy.
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Michael Burry *Photographer: Astrid Stawiarz/Getty Images North America*
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What you’ll need to know tomorrow
- Beehive wipeout is crimping harvests as global crisis enters new stage
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.
- Britain’s battered economy is sliding toward a breaking point
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.
- Millions in California to as much as $1,050 in “inflation relief
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.”
- Morgan Stanley, BofA send cash back
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to shareholders after stress tests.
- Mortgage lenders turn “desperate” as soaring rates roil industry
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.
- World’s most aggressive central bank raises key rate to 200%
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.
- Hong Kong mansion goes for $111 million in record sale this year
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.
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Luxury Tourism Is Coming to Tennessee
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Stand atop any of Nashville’s rooftop bars at sunset and you’ll find a
gleaming new skyline
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composed largely of hotels. Practically every luxury brand is swooping in:
Over the next three years, Nashville is expecting an influx of five-star
hotel brands that include 1Hotel, Edition, Conrad, and Ritz-Carlton, plus a
full renovation of the city’s grand dame, The Hermitage, which first opened
in 1910. Perhaps most luxurious will be a Four Seasons, slated to open late
this summer.
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Nashville *Photographer: Eilon Paz/Bloomberg*
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