Universities Grapple with Unrest at Pro-Palestinian Demonstrations

Universities across the US continue to struggle to control pro-Palestinian demonstrations on their campuses.

Columbia University has emerged as one of the most prominent flashpoints in the ongoing unrest, with protesters occupying public spaces and blocking entrance to buildings. Reports of Jewish students being harassed drew condemnation, including from the White House.

Demonstrators have refused to abandon encampments as the university’s administration has threatened suspension. An order to abandon the camp by 2 PM EDT Monday went largely unheeded.

Similar demonstrations have occurred at Yale University, the University of Texas at Austin, the University of Southern California, and the University of California, Berkeley.

At Northwestern University, protesters reached an agreement with the administration to largely dismantle their camp, with the university in turn funding two new Palestinian faculty members and funding scholarships for five Palestinian undergraduate students.

 

Slowing Economic Growth, Rising Inflation Raises Concerns

Economists have been hoping for a ‘soft landing’ scenario, in which the Federal Reserve’s monetary tightening would tame inflation without causing a recession. In the closing months of 2023, it appeared that this ideal scenario was in reach. with falling inflation numbers, low unemployment, and talks of cutting interest rates. However, recent economic data has cast doubt on whether the US economy can stick the landing.

Inflation numbers for the first quarter of 2024 came in higher than expected, with consumer prices rising 3.5% in March year-over-year, up from February’s 3.2% inflation rate. The target inflation rate is 2%.

Meanwhile, US GDP growth for the first quarter of 2024 was 1.6% annualized, a decrease from the 3.4% growth rate in Q4 2023. This slowing growth, combined with the rising inflation, has raised fears of possible ‘stagflation,’ in which the economy shrinks while prices rise. Typically, prices decrease in recession, reducing the hardship on consumers amid job losses and reduced economic output. In a stagflation scenario, customers pay higher prices while still facing job losses.

Equity markets have pulled back in response to the data as investors have become far less confident of the Fed cutting interest rate cuts this year.

The current economic situation remains relatively strong on paper: Unemployment remains low, job growth remains strong, and inflation remains far below the high levels seen in 2021 and 2022. These positive economic indicators have been blunted by what some have called a cost of living crisis, most notably felt in rising housing costs and wages not keeping up with rising costs in general.

 

Former Costa Rican First Lady Marita Camacho Quiros Celebrates 113th Birthday

Marita del Carmen Camacho Quirós, the former First Lady of Costa Rica, celebrated her 113th birthday today. Born on March 10, 1911, in San Ramón, she married businessman and politician Francisco José Orlich Bolmarcich, a descendant of Croatian immigrants, who became president of Costa Rica in 1962, serving until 1966. Both shared March 10 as their birthday. 

During her husband's presidency, she promoted children's education and shelters throughout the country. She and her husband also met US Presidents John F. Kennedy and Lyndon B. Johnson on official state visits.

Her husband died a few years after leaving office at 62 in 1969. Now at 113, Camacho Quirós is the world's oldest former first lady ever, the oldest living Costa Rican, and the 28th oldest living person in the world. She is the oldest living person who remains notable for reasons other than their longevity. 

Camacho Quirós in 1962
Credit: US State Department

More information on her life and images of her throughout her life can be found on her Gerontology Fandom page.

Haley Vows to Stay in Until Super Tuesday

While former South Carolina Governor Nikki Haley has failed to win any states so far in her quest for the Republican nomination, she has vowed to remain in the primary race until Super Tuesday. Former President Donald Trump has finished first in all states that have voted so far, including Haley’s home state of South Carolina.

Haley is the last major candidate still challenging Trump for the nomination, with all other major GOP challengers dropping out prior to the Iowa caucuses or shortly after. A longshot contender, Texas pastor and businessman Ryan Binkley, dropped out of the race this week and endorsed Trump.

Trump leads Nikki Haley in the RealClearPolitics average of polls 78.7% to 14.5%. So far, Haley has performed much better in each state that has voted than 14.5%, though in Michigan, the latest state to hold its primary, she failed to break 30% of the vote.

Trump’s campaign has appeared to transition to general election campaigning, with Trump choosing not to mention Haley in his victory speech after the South Carolina primary.

 

Odysseus Lunar Lander Shuts Down After Week-Long Mission

The Odysseus lunar lander has been shut down by its operators after successfully transmitting data for the past week. The lander, developed by Houston-based Intuitive Machines and launched by a SpaceX rocket, was part of the first private mission to the moon, as opposed to government-sponsored missions.

The mission did face a challenge when the lander tipped over shortly after reaching the lunar surface, a result of a harder-than-expected landing that broke two of its legs, but the lander continued to communicate with the earth-based team.

Intuitive Machines hopes that the lander will be able to be brought back online once solar power becomes available to its solar panels again.

 

Trump Looks Likely to Take GOP Nod, Haley Vows to Stay In

Coming off two straight victories in Iowa and New Hampshire, former President Donald Trump has moved closer to becoming the Republican nominee in November. While still early in the contest, Trump only faces one major competitor for the race, former South Carolina Governor Nikki Haley, over whom he holds a nearly 55-point lead nationwide, according to the RealClearPolitics average of polls.

Even with this large polling advantage, Haley has vowed to remain in the race, putting her hope in a strong showing in her home state of South Carolina, which votes next month. While it is Haley’s home state, Trump currently has a 30-point polling lead over Haley in the South Carolina.

Trump recently rebuffed an effort by some Republican National Committee (RNC) members to declare Trump the presumptive nominee. Trump wrote on his Truth Social page, “While I greatly appreciate the [RNC] wanting to make me their PRESUMPTIVE NOMINEE...I feel...that they should NOT go forward with this plan...and finish the process off AT THE BALLOT BOX.”

 

US Says It Will Respond to Recent Deadly Drone Attack

The Biden administration has promised a response to the drone strike that killed three American servicemembers in Jordan. According to National Security Council spokesman John Kirby, the US holds the Islamic Resistance in Iraq responsible for the attack, which itself is an umbrella organization that contains Kata'ib Hezbollah, an Iran-backed Shia militant group.

Kirby also said that the response from the US  would not ‘be a one-off,’ but would come in phases.

The three soldiers killed in the drone strike were Sgt. William Jerome Rivers, 46, Specialist Kennedy Ladon Sanders, 24, and Specialist Breonna Alexsondria Moffett, 23. All three were from Georgia.

Kata'ib Hezbollah did announce that it would suspend military operations against US force in the region, though whether it will truly back off from targeting US assets in the region is questionable.

The commander of Iran’s Islamic Revolutionary Guard Corp (IRGC), Hossein Salami, warned that Iran was willing to respond to US retaliatory strikes, also saying, "We (Iran) are not looking for war, but we are not afraid of it either.” This echoes a similar sentiment from President Biden, who has also sought to avoid escalating the conflict in the Middle East.

The Middle East erupted into conflict after the October 7 attack by Hamas on Israeli civilians, killing 1,139. Israel responded with large scale airstrikes and a ground invasion of the Gaza Strip, which has resulted in over 25,000 dead (both civilians and Hamas militants). In response, the Iran-backed Houthi rebels, which control Yemen’s capital Sana’a and much of its western region, have launched attacks on cargo ships and US military vessels, leading to US strikes on Houthi targets.

 

Fed Declines to Cut Rates at Latest Meeting, May Cut in Future

The Federal Reserve kept interest rates unchanged after their latest meeting Wednesday, but future cuts may in store as inflation declines and concerns over an economic slowdown grow.

In the latest statement from the Fed, they expressed that rate cuts were not warranted currently as inflation remains elevated, but they dropped a reference to ‘additional policy firming,’ possibly signaling the cuts could come in the future and that additional rate increases are unlikely unless higher inflations returns.

The latest economic growth numbers remain strong, with job growth continuing, even amid notable layoffs at large companies this January.

 

In Memoriam: Those Lost in the Final Weeks of 2023

Charlie Munger (1924-2023)

Chares “Charlie” Munger, the longtime vice president of Berkshire Hathaway and right-hand man to fellow investing legend Warren Buffett, died on November 28, just weeks shy of his 100th birthday. Born on January 1, 1924, in Omaha, Nebraska, he served as a weather forecaster in World War II. After the war, he received his law degree from Harvard, even though he never completed his undergraduate degree. He became a successful corporate lawyer before pivoting to becoming a businessman himself.

He met Buffett in 1959 at a dinner, becoming inseparable business partners and friends. Together, they grew Berkshire Hathaway, once a struggling textile manufacturer, into an corporate juggernaut, investing in myriad companies and posting outsized returns for decades.

Henry Kissinger (1923-2023)

Henry Kissinger, one of the central figures in 20th century American diplomacy, died November 29 at 100. Kissinger, who was born in Germany, came to the US in 1938, his family fleeing Nazi rule. His accounting studies interrupted by World War II, Kissinger served in the army. He later studied political science at Harvard, eventually earning his Ph.D. He became a noted foreign policy expert by the time Richard Nixon appointed him as National Security Adviser in 1969 and later as Secretary of State in 1973.

His diplomatic contributions include establishing relations with communist China and negotiating a peace with the North Vietnamese. His controversial actions include advocating for bombing Cambodia, support for Argentina’s military during the Dirty War, and support for the coup which led to Augusto Pinochet’s dictatorship in Chile.

Kissinger remained an influential voice on diplomacy in the decades after his public service, most recently making a surprise visit this year to China to speak with leader Xi Jinping amid growing tensions between the US and China.

 

Sandra Day O’Connor (1930-2023)

Sandra Day O’Connor, the first woman appointed to the United States Supreme Court, died December 1 at 93 following a five-year battle with Alzheimer’s, the same disease that afflicted her late husband, who died in 2009.

O’Connor, born in El Paso, Texas, in 1930, graduated from Stanford Law School, but found difficulty finding work following graduation. She eventually found work with the San Mateo County DA’s office and started her involvement in Republican politics. She and her husband later moved to Arizona, where she ran for state senate, rising up to majority leader. After her stint in the legislature, she became a judge.

In 1981, President Ronald Reagan appointed her as the first female Supreme Court, fulfilling a campaign promise. O’Connor became known as a conservative-leaning moderate, retiring in 2006. In retirement, she launched a project to teach kids about civics.

Norman Lear (1922-2023)

Norman Lear, television pioneer and political activist, died December 5 at 101. Lear was a prolific creator of television shows, with some of his best known including ‘All in the Family,’ ‘The Jeffersons,’ and ‘Good Times,’ often including commentary on social issues.

Lear was also noted for his activism, most notably founding the progressive advocacy group People for the American Way.

 

JFK Assassination 60 Years Later

Today marks the 60th anniversary of the assassination of John F. Kennedy, a pivotal point in 20th century US history.

On November 22, 1963, President Kennedy was riding along with his wife, Jackie Kennedy, and Texas Governor John Connally and his wife, along a Dallas street. At approximately 12:30 PM CST, both Kennedy and Connally were shot by an unseen gunman. Kennedy was struck by a third fatal bullet that shattered part of his skull and pierced his brain, and he would be pronounced dead at 1:00 PM.

While conspiracy theories abound six decades after his death, most recognize Lee Harvey Oswald, a former US marine and Soviet sympathizer, as the shooter who fired the fatal shots. Oswald himself was murdered two days later by nightclub owner Jack Ruby.

His vice president, Lyndon B. Johnson, was sworn in as president soon after, whose presidency ushered in a new era of American politics, including advances in civil rights, racial and geographic party realignment, and massive social welfare programs. Johnson's administration saw increased American involvement in Vietnam and the rise of the 1960s counterculture.

The 'End of Camelot' and 'The Day America Lost Its Innocence' have both been used to describe the day and its effects on the country. Regardless of the possible hyperbole of the latter, his death did mark a transition into a more turbulent era of American history.

Two other notable deaths that occurred that day that were overshadowed by the Kennedy assassination were those of author and academic C.S. Lewis and author Aldous Huxley.

Israel Expands Ground Operation in Gaza

The Israel Defense Forces (IDF) have expanded their ground operations in the Gaza Strip after weeks of building up forces along the narrow strip of land. Israeli forces have moved into the north area of the strip just north of Gaza city as well just south of the city.

The beginning of the ground invasion comes after weeks of aerial bombardments throughout the strip, a response to the October 7 terrorist attack by Palestinian group Hamas, which governs the Gaza Strip. The attacks by Hamas left over one thousand Israelis dead, with around 200 others taken hostage and brought back to the Gaza Strip. Hamas has only released a handful of hostages since, all foreign citizens.

The air strikes on Gaza by Israeli forces have drawn criticism for the collateral damage. Over 8,000 Palestinians are believed to have been killed in the strikes, with Israel responding that they try to avoid civilian causalities and blaming Hamas for keeping military targets near civilians.

Israel has claimed responsibility for a strike on a refugee camp on the Jabalia refugee camp on October 31. Israel says the strike killed Ibrahim Biari, a suspected key planner in the October 7 attacks.

 

Dianne Feinstein, Longest Serving Female Senator, Dies at 90

US Senator Dianne Feinstein (D-CA), the longest serving female US senator in history, died Friday at 90. Feinstein, who had announced that she would not run for reelection in 2024, had been facing health issues the past few years, including shingles, encephalitis, Ramsay Hunt syndrome (causing face paralysis and other sensory issues), and possible dementia. 

Feinstein, born in 1933, started her political career on the San Francisco Board of Supervisors in 1970. She became president of the board in 1978, which allowed her to become acting mayor after the assassinations of Mayor George Moscone and Supervisor Harvey Milk. Feinstein won election as mayor in 1979, where she served until 1988.

Feinstein ran for California governor in 1990, losing to Republican candidate, US Senator Pete Wilson. Feinstein made a political comeback in 1992, winning Wilson’s Senate seat in a special election in a year that saw six other women elected to or currently serving in the Senate (often termed ‘The Year of the Woman.’)

Her death leaves the Senate with a 50-49 Democratic majority. Until a replacement is named, only one Democratic senator needs to vote against his or her party to block legislation. California Governor Gavin Newsom, a Democrat, has vowed to appoint a black woman to replace Feinstein in the Senate. While one black woman, Bay Area Congresswoman Barbara Lee (D) is already running for the seat, Newsom has said he will not appoint anyone currently in the race for the seat, which he says will create an unfair advantage against the other candidates, which include Democratic House representatives Katie Porter and Adam Schiff.

 

Celebrated Television Host Bob Barker Dies at 99

Game show host and television personality Bob Barker died last Saturday at 99, just months before his 100th birthday. Barker was perhaps best known for his 35-year long stint as host of The Price is Right, where he ended every broadcast with a plea for pet owners to get their pets spayed or neutered.

Barker was born in 1923 in Washington and was raised in South Dakota on an Indian reservation (Barker was one-eighth Sioux). After serving in World War II, he began his broadcasting career in 1950. In 1956, he began hosting the gameshow Truth or Consequences. In the 1975, he began hosting The Price is Right, from which he retired in 2007 and was replaced as host by Drew Carey.

He also had several acting roles, including in Happy Gilmore and Spongebob Squarepants.

 

Israeli Knesset Approves Judicial Changes Amid Protests

The Israeli legislature (Knesset) has approved changes to the country’s judiciary, most notably the selection system for its highest court. The changes would remove the ability for current Supreme Court judges to block candidates to the court. In addition, it removes the ability of the court to strike down laws they deem as ‘unreasonable.’

Prime Minister Benjamin Netanyahu’s government and its supporters argue the reforms are necessary to prevent activist judicial decisions. Opponents of the changes, many of whom have joined protests against them, argue that it removes critical checks and balances against the among branches of government.

 

Wagner Group Insurrection Shows Weaknesses in Russian Government

This past weekend, the Russian government experienced the most direct challenge to its rule since the fall of Soviet Union in 1991 when the head of the mercenary Wagner Group, Yevgeny Prigozhin, took control of some Russian cities and ordered his troops to advance towards Moscow. The advance was called off after Prigozhin agreed to an agreement brokered by Belarusian President Alexander Lukashenko, with the Wagner Group withdrawing from occupied cities and the criminal charges against Prigozhin dropped.

The Wagner Group is a private military company (PMC) that since 2014 has operated closely with the Russian government and other governments in operations across the world, from the Central African Republic to Syria to Venezuela. Wagner troops have been heavily involved in the war in Ukraine, with some troops suspected of committing war crimes in the course of the war. Prigozhin is known for recruiting from prisons to fill his ranks, with the promise of amnesty after a six-month deployment.

Prigozhin had long been one of Putin’s closest associates, originally heading a catering company with a number of government and military contracts. Since then, he has transformed Wagner Group into a military juggernaut, which this weekend challenged the Russian military for dominance. Prigozhin has for months expressed frustration with the leadership of the Russian military, claiming they have mishandled the war and failed to provide his troops ammunition.

While the attempted rebellion failed to take control of the Russian government or depose top military leaders, it was the greatest internal challenge to Putin’s rule since he first took power in 2000.

 

Investigation Begins in Implosion of Submersible

The US Coast Guard has launched an investigation into the implosion of lost submersible Titan, which was created by private company Oceangate to take tourists to see the wreck of the Titanic. The investigation will also include involvement from authorities in Canada, the United Kingdom, and France.

 Five crew members, including Oceangate CEO Rush Stockton, died on the trip, likely during the descent on June 18, when the submersible lost communication with the ship on the surface.

Stockton and Oceangate had faced criticism and concerns over the perceived lack of attention to safety in the construction of their submersibles, using commercial-of-the-shelf materials and a carbon fiber hull. Unlike steel and similar materials, carbon fiber does not have strong compression strength, which made it unsuitable for use in deep sea navigation, where high water pressure can lead to failure of the vehicle.

The US Navy had picked up audio consistent with an implosion on June 18, and confirmed that disovered debris was from the Titan on June 22. Wreckage is now being recovered.

 

Midwestern Air Quality Drops as Canadian Wildfire Smoke Moves South

Midwestern states are facing an onslaught of smoke from Canadian wildfires, experiencing the same phenomenon that eastern states endured earlier this month. 

Residents of Chicago experienced the worst air quality in the world as 488 wildfires send their smoke into the US, 259 of which are deemed as ‘out of control’ by the Canadian Interagency Forest Fire Center. Other local and state authorities have issued advisories on the hazardous air conditions, advising residents to stay indoors.

Turkish President Erdogan Wins New Term

Turkish President Recep Tayyip Erdogan won reelection as president of Turkey Saturday, defeating his rival Kemal Kilicdaroglu 52% to 48% in a runoff. Erdogan’s victory in the election preserves his 20-year rule as Turkey’s head of government, beginning his third decade in power.

Erdogan’s Justice and Development Party (AKP) also retained its control in the Turkish Parliament, winning a coalition majority with its partner Nationalist Movement Party (MHP) in the May 14 elections. Erdogan himself narrowly fell short of a majority in that election, leading to Sunday’s runoff.

Erdogan, who has strong support from the country’s working class and rural areas, has been a populist force in his two-decade tenure leading the country, often appealing to nationalist and economically populist policies and rhetoric to maintain support. In his victory speech to supporters, he made allusions to Monday’s 570th anniversary of the Ottoman conquest of Constantinople (modern day Istanbul), a pivotal date in Turkey’s history.

Former US Secretary of State Henry Kissinger Turns 100

Former US Secretary of State and National Security Advisor Henry Kissinger celebrated his 100th birthday Saturday. Kissinger, who served in the Nixon and Ford administrations, is most noted for negotiating a ceasefire in the Vietnam War and engineering the US opening of relations with communist China. After his service, he became a widely sought-after voice on foreign affairs.

Kissinger’s legacy has also been marked with controversy, including his role in the US bombing of Cambodia, support for the Argentinian military junta during the ‘Dirty War’, and support for Augusto Pinochet’s 1973 coup in Chile.

Regulators Reportedly to Take Control of First Republic

First Republic Bank, the large regional bank known for its customer service and high net worth clientele, is reportedly set to be taken over by federal regulators and brought into receivership in the near future. The rumored move comes after over $100 billion in deposits have flowed out of the bank, spurred by depositors unsure about the bank’s stability.

First Republic has faced similar issues as the recently collapsed Silicon Valley Bank, whose unrealized losses on long-term bond holdings combined with deposit outflows led to its collapse. First Republic’s financial instability has led to the collapse of its stock price, which has fallen in three months from $141.01 to $3.51 at Friday’s close. In the case of First Republic’s failure, shareholders would be the last to receive any proceeds from sold assets.

Both JP Morgan Chase and PNC Bank are reportedly interested in buying First Republic. Both banks were part of an earlier consortium of large banks who deposited $30 billion to try to shore up the bank’s finances.