Kate Kelly

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I guess it was only a matter of time before the former president got involved in a SPAC nytimes.com/2021/10/21/bus…
Just discovered The Whisper Man by @writer_north. Ripped through it in a couple of days and then passed on to my mom, a fellow mystery novel reader. Highly recommended
Thoughtful, well-reasoned essay on the philosophies that govern the abortion debate - and why little has changed in 50 years via @nytopinion nytimes.com/2021/10/19/opi…
This detail struck me: “The agreement even made clear that he would receive the cuff links given to senior executives and a plaque with his mounted F.B.I. credentials and badge.” McCabe’s firing had crushing symbolic, not just financial, impact nytimes.com/2021/10/14/us/…
Powerful story on the real pain the #BuildBackBetterAct was designed to alleviate — and now may only partially address, by ⁦@KannoYoungs⁩ and ⁦@jimtankersleynytimes.com/2021/10/11/us/…
@katekelly @arappeport Good read Kate. You could also include banks are already collecting data (your ID) on all cash deposits from money laundering regulations.
Retweeted by Kate Kelly
Today @arappeport looked at the bank-disclosure proposal that has riled Main Street, as Democrats hurriedly scale back the #BuildBackBetterAct, and how bank trade groups are attempting to crush it. Our piece: nytimes.com/2021/10/11/bus…
Yet at the outset of this discussion, banks said this would be manageable, per a @USTreasury official.
It's been remarkably resonant at a grassroots level. An @ICBA portal has received 700,000+ complaints intended for members of Congress. Angry @jpmorgan customers have marched into branches in Cleveland and Orange County demanding opposition to the measure.
Behind the scenes, banks and trade groups, like @ABABankers and @ICBA, have been working strenuously to oppose the proposal, intended to help close what the @USTreasury estimates as a $7T "tax gap" and fund new government spending initiatives.
In an editorial last week, the @WSJopinion decried the Biden Administration's proposed new disclosures on American bank account holder balances to the @irs wsj.com/articles/inter…
Interesting notion here - but is the worker frustration enough of a widespread factor that it is (or could be) impacting the broader economy? axios.com/bars-restauran…
Banks privately told Treasury officials that its proposal to collect more info on customer bank accounts would be easy to implement. Then they launched a massive lobbying campaign to destroy the plan. w/ @katekelly nytimes.com/2021/10/11/bus…
Retweeted by Kate Kelly
Some bank account holders take issue w proposed new disclosures to the @irs. “I wouldn’t allow my husband or my parents to monitor my bank account activity,” one woman told me. "There's no way I would be OK with the government monitoring it.” Our piece nytimes.com/2021/10/11/bus…
In weighing 2024 run, Pence tests whether there is political life after Trump washingtonpost.com/politics/in-we…
“SB 8 says if an injunction is dismissed, you are still accountable for abortions you did while you were protected by that injunction,”notes right-to-life advocate -- meaning a judge's blocking of the measure is only a partial victory for access advocates nytimes.com/2021/10/06/us/…
“We should never even get this close,” says ⁦@jpmorgan⁩ chief Dimon of the #debtceiling. “This should be a time to show American competence, not American incompetence.” bloomberg.com/news/videos/20…
Will Dems do away with the filibuster? @hillhulse reports nytimes.com/2021/10/06/us/…
Damian Williams confirmed as Manhattan US Attorney via @nytimes nytimes.com/2021/10/05/nyr…
Just finished Suspect, which is very, very good. @matthewshaer is knowledgeable and evenhanded in the same way as Sarah Koenig, interjecting only to let you know when something just doesn't sound right. This is a tale of injustice averted, just barely. wondery.com/shows/suspect/
GOP strategy on debt ceiling, per @politico: (1) the public won’t be able to differentiate between traditional debt and the arcane rules around the little-understood debt ceiling and (2) if the economy were to suffer, voters will blame the party in power. politi.co/3iyeq9C
As Democrats labor to keep Mr. Biden’s proposal on track in Congress amid deep internal divisions, a robust influence campaign is meeting it at every turn, writes @lukebroadwater. Inside the lobbying campaign to undercut the Build Back Better plan: nytimes.com/2021/10/04/us/…
This is notable. Griffin is a powerful and deep-pocketed player in Republican politics. twitter.com/MatthewPhillip…
Since imposing its vaccine mandate for employees, @united has received 20,000 applications for 2,000 flight attendant positions, a higher ratio than usual. Great story by ⁦@NirajC⁩ ⁦@noamscheibernytimes.com/2021/10/02/bus…
I wonder if he will be participating via zoom on Monday #BrettKavanaugh nytimes.com/2021/10/01/us/…
“Nobody should be surprised that we are where we are, because we’ve been telling you that for three and a half months,” says Rep. Pramila Jayapal, head of the Congressional Progressive Caucus #InfrastructureBill nytimes.com/live/2021/10/0…
Virgin Islands Dem @StaceyPlaskett just called the infrastructure debate going on in her caucus a “family discussion” intended to do some “massaging” of the legislative package on @donlemon.
So I guess $3.5 trillion is seeming like a lot more politi.co/3F2Zzh7 via @politico
I'm curious if bank customers are focused on the Biden proposal to demand new information on inflows or balances in personal bank accounts of $600+ per year. (Goal is to close the "tax gap" bet income earned and paid on to IRS.) Hit me up w any thoughts at [email protected]
.@chamath: I underestimated how big EVs would be -- meaning that @Tesla has a big job in front of it just remaining a best-in-class EV in a crowded market. #DeliveringAlpha
"I don't care about what I pay in taxes," says @chamath, "I care that things get better." Still, even though he's staying put, he thinks that California has become "unlivable" in terms of homelessness, crime, and businesses leaving. #DeliveringAlpha
"Broadly speaking in the market, I'm a little skittish," says @chamath (while noting that in terms of his own investments, he's all good). #DeliveringAlpha
GM's Mary Barra named Business Roundtable chair axios.com/first-look-gms…
Earlier this year, @MattGoldstein26 and I wrote a profile of @ClarityToast, the author of that and other critical reports on SPAC'd companies: nytimes.com/2021/08/16/bus… We also wrote about how reviled short sellers are: nytimes.com/2021/02/08/bus… 3/3
He also just took a major swing at short sellers, as he continued on @CloverHealth: "And what it was all about, and what a lot of short selling is about, is creating sentiment shift in volatility, and profiting from that." 2/3
"I was completely straightforward and honest, and they have a lot to answer for," says @chamath about @ClarityToast and @HindenburgRes's bearish report on @CloverHealth. "There's no fraud there." 1/3 #DeliveringAlpha
Defending @CloverHealth, he adds that they are doing good work for patients of color. He invokes @Facebook, where he one worked, and said "it takes time" for these businesses to play out.
Asked whether he is the face of the SPAC bust, @chamath said he pulled money out of @virgingalactic to make a major investment in climate change and that his move was misreported. He said to give the sector time before judging. #DeliveringAlpha
A defining factor that separates the good SPACs from the bad ones is whether the sponsors themselves have skin in the game, says @chamath. He suggests that SEC Chair Gary Gensler demand that sponsors put 5-10% of the capital invested in from their own pockets. #DeliveringAlpha
A lot of institutional investors have a business model that is predicated on China being an investible place, @chamath tells @ScottWapnerCNBC. "I think that game is over," he adds. #DeliveringAlpha
"There's a lot of unfair criticism of the FDA." They are "highly competent," and "really are looking at the weighing of the risk versus the benefits," activist Denner, a director at @biogen (whose Alzheimer's drug Aduhelm was approved in a controversial FDA move) #DeliveringAlpha
"I don't think having an officially appointed FDA commissioner makes much of a difference" to drug approval or review because the FDA staff does so much of the work, life sciences investor Bardon tells @megtirrell at #DeliveringAlpha.
Denner believes strongly that regulatory timelines will be sped up as a result of the Covid vaccine's successful expedited process. Life sciences investor Chris Bardon predicts that cancer and other drugs will also be developed more efficiently post-Covid
He says telehealth is also "here to stay."
Despite the tragedies it has brought, Covid's affect on health care has been largely positive, says health care activist investor Alex Denner to @megtirrell at #DeliveringAlpha. The ability to cut through red tape at regulatory level for vaccines has been instructive
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