Bill Cosby Freed from Prison After Conviction Overturned

Actor and comedian Bill Cosby, convicted in 2018 of sexual assault, was set free from prison Wednesday after serving nearly three years of a three to ten year sentence. The Pennsylvania Supreme Court overturned his conviction, citing violations of Cosby’s due process rights under the 5th and 14th Amendments.

In 2005, Montgomery County District Attorney Bruce Castor, also known for his defense of President Donald Trump in his second impeachment trial, promised Cosby that he would not be criminally prosecuted if he provided testimony under the penalty of perjury in a civil case that alleged sexual assault by him. In his testimony, Cosby admitted to providing Quaaludes to women, and this admission was a basis for his criminal conviction in 2018. The Supreme Court ruled that the prosecution broke Castor’s previous agreement when prosecutors later sought criminal charges against Cosby. The court also barred any further criminal charges from being brought against Cosby in this case.

After his release, Cosby returned to his home in Elkins Park, Pennsylvania

China to Allow Couples to Have Three Children

The Chinese government will now allow married couples to have up to three children as the country aims to stem off demographic imbalance and population decline.

In the announcement, the government also vowed to provide educational and child rearing assistance, both commonly seen as barriers for couples who desire more children. 

Since 2015, China has allowed all couples to have up to two children as the population has continued to age. In addition, there are concerns over the gender imbalance, as the traditional bias for male offspring has led to more males being born than females.

 

Belarus Diverts Flight to Arrest Dissident on Board

 A Ryanair flight from Athens, Greece to Vilnius, Lithuania was diverted on May 23 after a Belarussian fighter jet intercepted the plane. Using the pretense of a bomb threat, the plane landed in Minsk, the capital of Belarus, and journalist Roman Protasevich and his girlfriend were arrested. Protasevich is a known critic of Alexander Lukashenko, the authoritarian leader of Belarus who has led the country since independence from the Soviet Union.

The other passengers of the flight were eventually allowed to depart on the plane, which reached Vilnius  over eight hours behind schedule.

The European Union has banned flights from flying through Belarussian airspace in response to the incident, which has been widely called a violation of international law.

Belarus, sometimes called the last dictatorship in Europe, is known for its restrictive laws and its strongman rule by Lukashenko. Lukashenko faced massive protests calling for his resignation after the presidential election in 2020, which was clouded by allegations of widespread fraud.

 

Rising Prices Raise Inflation Concerns

The Federal Reserve reported that the personal consumption expenditure index (PCE), which measures the prices of consumer goods minus food and energy, rose at a 3.1% annualized rate in April, an increase from 1.9% in March. This was higher than the expected 2.9% increase.

If one were to include food and energy prices, inflation rose to 3.6% in April, up from 2.4% in Match.

The Federal Reserve has tried to allay fears of rising inflation, blaming it on supply-chain bottlenecks and the large fiscal stimulus, which they believe are temporary factors. In addition, the inflation is starting from a relatively low base line, as price increases were low during the coronavirus lockdown and related economic downturn.

The Biden administration, which has proposed trillions in additional spending, has signaled they believe that they can continue the large amounts of fiscal stimulus without drastically raising inflation. Republicans have countered that the additional money pumped into the economy could lead to even higher prices.

The US is not alone in facing inflation risk. Germany reported a 2.4% inflation rate for May. Spain also experienced the same inflation rate for May.

Markets overall have responded negatively to the news of increased inflation. While US markets have stabilized in the past few days, increased volatility in equity markets worldwide have continued. Cryptocurrency markets have also seen sharp declines from their previous highs, though other factors besides inflation worries are likely at play.

 

Celebrating 60 Years of Human Spaceflight

 

April 12, 1961 - April 12, 2021

60 Years of Humans in Space

Yuri Gagarin, first person in space, (1934-1968)

Read more: Celebrating Sixty Years of Humans in Space - Scientific American

Biden’s Proposed Corporate Tax Rate Increase Meets Resistance

President Biden has already been lucky with the Senate parliamentarian’s ruling stating that the president’s tax and infrastructure plans can pass the Senate with a simple majority, rather than the 60 usually required to end debate, but he may need more luck to keep his own party united. Sen. Joe Manchin (D-WV) has already signaled his hesitance to increase the corporate tax rate from 21% to 28%, instead favoring an increase to 25%. The high price tag of his plan, currently over $2 trillion, could also dissuade Manchin and fellow moderate Kyrsten Sinema (D-AZ) from backing his plan.

 

Vaccine Rollout Continues as COVID Spread Slows in US

One third of all American adults have now received at least one dose of a coronavirus vaccine, and nearly 20% have already received two doses of the vaccine. and new infections have dropped dramatically from their high in January of this year. The vaccines have proven successful not only in reducing severe infection, but also in reducing transmissions. The success of the vaccines has led to an increased push to reopen more of the economy and remove limitations on gatherings and event attendance.

Others have criticized such reopening efforts, arguing that the success of the vaccination efforts could be undermined by removing restrictions too soon. While cases have dropped drastically from the high case numbers early this year, the number of new cases has plateaued and even increased in certain parts of the country. Michigan is one state that has been hit especially hard, and one of its cities, Jackson, has had a higher raw daily new case number than New York City. For comparison, Jackson has around 33,000 people, while New York has over 8 million people.

 

Prince Philip, Royal Consort to Queen Elizabeth, Dies at 99

Prince Philip, who was married to Queen Elizabeth since 1947 and was royal consort since his wife ascended to the throne in 1952, died Friday morning at the age of 99, two months shy of his 100th birthday. He was the longest-serving royal consort in British history as well as the longest-lived male member of the British royal family. 

Philip was born on June 10, 1921 on the island of Corfu in Greece, and was part of the Greek royal family, itself descended from the Daish, German, and British royal families. His family fled Greece when he was young, and Philip spent his childhood in Germany, France, and Britain. 

In WWII, he joined the British navy and served in the Pacific and Mediterranean. After the war, he was granted permission to marry Elizabeth, the heir apparent to King George VI. After renouncing his foreign noble titles, he married her in 1947 and gained the title Duke of Edinburgh. After Elizabeth ascended to the throne in 1952, Philip become royal consort and gained the title Prince Philip.

Philip was known for his myriad royal engagements, appearing at 22,217 events during his time as royal consort. He also made patronage of sports, particularly carriage driving, a focus of his . He also established The Duke of Edinburgh's Award, which encouraged self-improvement for young people. 

Large Container Ship Ever Given Freed from Suez Canal

The Ever Given, one of the largest ships in the world, was freed Monday after six days stuck in the Suez Canal in Egypt. The Ever Given was on its way to the Netherlands from Malaysia, shipping thousands of tons of goods. A combination of windy conditions and human error are believed to have been the main causes of the ship lodging diagonally across the canal, preventing any ships from using the canal. Without the canal, ships would have to travel around Africa to go from Asia to Europe and vice versa.

Fourteen tug boats were needed to dislodge the ship during high tide.

Some had feared that the blockage could lead to substantial economic disruption, as $9.6 billion worth of trade passing through the canal each day.

 

After Coronavirus Stimulus Bill, Democrats Eye Larger Plans

The American Rescue Plan, President Joe Biden’s $1.9 trillion coronavirus stimulus bill, passed Congress on a party line vote this month, delivering $1,400 checks to most Americans, extending unemployment benefits, and allocating billions for various spending plans. While the plan only passed narrowly, many Democrats in Congress hope their small majorities in Congress will be enough to pass more ambitious plans, including a $3 trillion infrastructure plan, direct tax hikes on upper-income Americans, and gun control bills.

Democrats hope to pay for many of their plans through direct tax increases on those making $400,000 or more per year, as well as through increased enforcement of tax laws though increased audits.

On gun control, a longtime Democratic priority, Sen. Chris Murphy (D-CT) claims that the Senate can pass a bipartisan bill to expand background checks, something echoed by Sen. Pat Toomey (R-PA). However, such a bill may be seen as too weak by more liberal Democrats, and will almost certainly draw strong opposition from most Republicans, casting doubt on Murphy’s and Toomey’s claims.

Some Democrats are calling for the elimination of the filibuster, the parliamentary rule which prohibits the Senate from advancing most legislation without 60 votes. President Biden has not called for the complete elimination of the filibuster, but has signaled openness to “reform,” remaining unclear on what changes to it he would support. Sen. Joe Manchin (D-WV), considered the swing vote in the Senate, has said he would not support elimination the filibuster, but, like Biden, has signaled that he could be open to certain changes that would allow legislation to pass more easily.

 

Children's Book Author Beverly Cleary Dies at 104

 

Cleary, who died this week at 104, pictured
here around age 39 with her cat, "Kitty"

Beloved children's book author Beverly Cleary died Thursday at the age of 104, just a few weeks shy of her 105th birthday. The centenarian's career, which spanned nearly five decades, produced numerous works with familiar characters such as Romona and Quimby Beezus, Henry Huggins, and Ralph S. Mouse. 

Cleary was born in McMinnville, Oregon, on April 12, 1916, prior to America's entry into World War I. Cleary graduated from the University of California, Berkeley in 1938 and from the University of Washington in 1939 with a second bachelor's degree in library science. She worked as a librarian for the next decade and married her husband Clarence in 1940. Clarence died in 1999. 

In 1950, Cleary's first book Henry Huggins was published. She continued publishing books until 1999, when she retired from active writing. In 1975, she won the Laura Ingalls Wilder award for her contribution to children's literature. Her characters Romona and Quimby Beezus were brought to the big screen in 2010 in Romona and Beezus, starring Selena Gomez and Joey King. Cleary was also honored with a residence hall named after her at UC Berkeley. 

After Cleary's death in Carmel-by-the-Sea, California, tributes began pouring in from fellow authors, such as Judy Blume, and from politicians, actors, and others who said they were influenced by her works. 

Biden Launches Strikes at Iranian-Backed Militias in Syria

President Biden launched missile strikes against what the US describes as Iran-backed militias operating in Syria on Thursday. These strikes were in retaliation for an attack on US troops stationed in Erbil, Iraq earlier this month which resulted in the death of a civilian contractor. While the initial attack occurred in Iraq, the retaliatory strikes were aimed at militias in Syria to avoid a diplomatic spat with the Iraqi government, which has strong ties to Iran.

The Biden administration has said they hope to avoid a direct confrontation with Iran as they hope to renew talks to enter a nuclear deal. President Trump had exited the previous nuclear deal during his term, and Biden has promised to attempt to reenter the agreement during his term.

Trump had also directly confronted Iran through the killing of General Qassim Soleimani in January 2020 over the general’s repeated attacks on US troops over the years. Iran did launch retaliatory strikes in response which caused injuries to US servicemembers in the region; however, there was no escalation to a full-blown conflict that some had feared may have resulted from Soleimani’s killing.

 

Trump Makes First Public Appearance Since Leaving Office at CPAC

Former President Donald Trump appeared publicly for the first time since leaving office in January, giving a speech at CPAC in Orlando, Florida. During the speech he said he will not establish a new political party, rather focusing on influencing the Republican Party. He also broke with recent tradition, directly criticizing President Joe Biden’s presidency, saying, “Joe Biden has had the most disastrous first month of any president in modern history.”

Trump won the presidential straw poll with 55%, with Florida Gov. Ron DeSantis  coming in second, winning 21%. While DeSantis had a home field advantage, with CPAC being held in Florida rather than its usual location in National Harbor, Maryland, it could signal that DeSantis, a staunch Trump ally, could become a strong opponent to Trump should both run in 2024.

 

House Passes Stimulus Bill, Faces Uncertainty over Minimum Wage

The House of Representatives passed President Biden’s $1.9 trillion stimulus package on Saturday. The bill includes measures related to increased funding for COVID testing, school funding, stimulus checks, and assistance for  rent and food. In addition, it extends unemployment benefits and provides money to states to fund their liabilities.

The bill also contains language to raise the minimum wage to $15 an hour over the next several years. However, this clause will have to be removed if the Senate wishes to pass the bill under reconciliation, which would allow the bill to become law with only 51 votes, rather than the 60 votes needed to end debate and pass the bill. The Senate parliamentarian ruled this past week that the minimum wage increase could not be included in a reconciliation bill because it did not directly affect government revenues and expenses. Proponents of the minimum wage increase, such as Sen. Bernie Sanders (I-VT), argued that the minimum wage increase would increase government revenue through more taxes because of the increased wages paid and is thus eligible.

Republicans in the Senate have signaled opposition to the minimum wage increase, saying it will increase unemployment as employers would lay of workers for whom they could no longer afford their wages. Some moderate Democratic senators have also signaled opposition, such as Joe Manchin of West Virginia, who has said that the $15 minimum is too high for his state’s employers to pay for many of their workers.

President Biden has seemed to concede that the minimum wage clause will not be included in the reconciliation bill, promising to take it up as a stand alone bill in the future.

 

Retail Investors Take Wall Street for a Ride

Several Wall Street firms faced the prospect of massive losses this week as a result of their short positions in several stocks, most notably in GameStop Corporation. Individual investors, encouraged most notably by users on the Reddit forum, or subreddit, WallStreetBets, purchased shares in GameStop and other stocks facing short positions to punish those shorting the stock as well as provide a boost to those companies.

Short selling occurs when an investor borrows a stock from another investor or brokerage, usually for a fee, and sells it immediately after. The investor expects the stock to decrease in price, and the investor hopes to repurchase the stock and return it to the original holder. The profit to the investor is the sale price minus the repurchase price minus the borrowing fee. However, if the stock increases in value, the investor will have to repurchase the stock at a greater price than which he sold it, and the losses can be theoretically unlimited.

Several brokerages, including Robinhood, blocked purchases on Thursday for WallStreetBets’ favored stocks, prompting criticism from investors as well as government officials.

 

Protests Erupt in Russia over Poisoning and Arrest of Opposition Leader

Russian authorities have detained more than 5,000 people after demonstrations erupted across the country after opposition leader, Alexei Nalvany, was poisoned last year and arrested this month. Mysterious poisonings and assassinations have plagued opponents to Russian President Vladimir Putin’s rule in the past.

Nalvany was poisoned with a nerve agent in August 2020, falling ill on a flight. Nalvany recovered but was arrested on January 17 after returning to Russia, accused of violating terms of a suspended jail sentence.

 

Biden Works to Advance His Agenda in His First Days

President Biden has begun pushing his agenda in his first days as president, issuing numerous executive orders and laying out his administration’s plan for a $1.9 trillion stimulus package.

Biden has already issued more than three dozen executive orders that cover issues including abortion, immigration and border security, economic regulations, COVID-19, criminal justice, and climate change. The pace of Biden’s executive orders is largely unprecedented this early in one’s presidency, with presidents previously spreading their first executive orders, especially over more controversial matters, over several months.

While Republicans have predictably criticized Biden’s orders, many of which reverse or rollback former President Trump’s own executive orders, some Democrats have also said that the administration should focus on legislative action to increase the scope of change as well as make such changes more permanent. Executive orders can easily be reversed by future administrations and cannot change or add to existing legislation.

Pushing through his agenda in Congress in the coming weeks could prove difficult for the president. He faces an evenly split Senate where Vice President Kamala Harris would cast a tie-breaking vote and a House of Representatives with a slim Democratic majority. In addition, the next few weeks are likely to be consumed with the second impeachment trial of now former President Donald Trump, who was impeached just before his term ended over his alleged role in encouraging rioters who broke into and occupied the Capitol building on January 6. Regular Senate business is likely to be postponed or curtailed during trial proceedings.