No TrumpsπŸ‘±‍♂️ Newsbites
A $15 minimum wage would lift millions out of poverty with 'limited negative effects' on aggregate income, Morgan Stanley says
  • A new Morgan Stanley Research report looked at the potential impacts of a minimum wage increase.
  • The report finds that restaurants, food retailers, and department stores would be the most impacted.
  • However, it saw "minimal" positive or negative impacts to employment, and "substantial" benefits.
A $15 minimum wage increase failed to make it into the historic $1.9 trillion stimulus package signed into law yesterday. Some prominent Democrats — including moderate Sen. Joe Manchin of West Virginia — and conservatives had voiced opposition to the hike, citing concerns that it could cause more economic harm than good.

As the federal minimum hasn't been increased since 2009, calls to raise it persist. But what does the math say?

A new report from Morgan Stanley Research looks at the potential impacts of a wage hike, evaluating both an $11 and a $15 hourly minimum wage. Broadly, the report find "limited negative implications for aggregate income" if the federal minimum reaches $15 per hour, phased in over five years, and "no impact to income in an $11/hr scenario."

The report found that restaurants, food retailers, and department stores would likely see the greatest cost increases. Overall, the restaurant industry "is set to be the most impacted by a significant increase in the federal minimum wage."

But the hike could also benefit millions of Americans — potentially 32 million — and lift many out of poverty while addressing racial wage gaps, something Morgan Stanley said outweighed potential negative impacts, even as minimal as those might be.
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The DOJ expects to charge 100 more people in the Capitol insurrection and they've received 210,000 tips helping identify rioters
  • The Capitol insurrection in January has prompted "the most complex investigation ever prosecuted."
  • A new court filing from US prosecutors said the DOJ expects to charge 100 more people.
  • The filing also revealed the government has received over 210,000 tips to help identify rioters.
The US Department of Justice expects to charge 100 more people believed to be involved in the January 6 Capitol breach after receiving 210,000 tips identifying rioters, a new court filing shows.

A little over two months after the attack that cost the lives of several protesters and police officers, more than 300 people have already been charged in what federal prosecutors wrote "is likely the most complex investigation ever prosecuted by the Department of Justice."

Included in a motion by prosecutors for a 60-day delay in the Thomas Caldwell et al proceedings, the government's attorneys noted the hundreds of investigations into the rioters involved the work of over 14 separate law-enforcement agencies. Additionally, the government revealed it has executed over 900 search warrants in nearly every state.

Filings in the charging documents against rioters reveal the numerous ways law-enforcement agencies have identified subjects, including via live streams, social media selfies, surveillance footage, and even scorned exes.
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Manhattan prosecutors could be in the final stages of their wide-ranging investigation into Trump's finances
  • Manhattan DA Cyrus Vance Jr.'s investigation into Donald Trump's finances is heating up.
  • Vance already has Trump's taxes and recently hired a renowned prosecutor.
  • Some DOJ veterans expect potential charges before the end of the year, when Vance retires.
After a months-long battle with Donald Trump over his closely held tax returns, the Manhattan district attorney's office may finally be in the end stages of its wide-ranging investigation into the former president's financial dealings.

Trump has repeatedly refused to release his tax returns. But in February, prosecutors notched a major victory when the Supreme Court forced Trump to hand over thousands of pages of his financial information to the DA's office.

The DA's investigation is examining whether Trump or his businesses falsely reported the value of properties for tax and loan purposes, which would violate New York law. In the weeks since prosecutors obtained his financial records, the investigation has ramped up significantly, according to media reports and two former prosecutors who spoke to Insider.

"They mean business now," one source told The New Yorker's Jane Mayer. The person believed Manhattan district attorney Cyrus Vance Jr.'s investigation had stagnated while Trump was in office and prosecutors were fighting a court battle to get his taxes. But now, the source told Mayer, prosecutors' questions have become "very pointed — they're sharpshooting now, laser-beaming."

"It hit me," this person added. "They're closer."

The clues are there. Vance announced Friday he wouldn't run for re-election. The move was widely expected, since Vance, who held the DA post since 2010, hasn't raised funds ahead of this summer's primary. His final day will be in December, and a former top deputy told Insider he believes Vance will want to make charging decisions before he leaves.

"Vance started the investigation," Daniel Alonso, now a partner at Buckley LLP, told Insider. "I'm sure he is absolutely pressing to have a decision made on whether to prosecute anyone, whom to prosecute, and for what charges, by the end of the year."

Jeffrey Cramer, a longtime former federal prosecutor who spent 12 years at the Justice Department, echoed that view and told Insider it wasn't surprising that the investigation's pace picked up after the Supreme Court ruling.

"You need documents and tax records to prove these cases. That's how they rise and fall," he said. "It's not witness testimony and emails; those things give context to the money. But this case is all about following the money, so it comes down to the tax records, which prosecutors now have full access to."
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GOP Sen. Ron Johnson said he never felt threatened during the Capitol riot, but that he would have been concerned if it was Black Lives Matter protesters
  • Sen. Ron Johnson said he "knew" during the Capitol riot that the mob were law-abiding citizens.
  • He said he would've been concerned if they had been Black Lives Matter or antifa protesters.
  • 315 Capitol rioters have been arrested and 140 police officers were injured during the attack.
Sen. Ron Johnson of Wisconsin said he did not feel threatened during the Capitol riot on January 6, but that he would have felt differently if the group had been Black Lives Matter protesters.

Johnson, a Republican, was speaking during a radio interview that aired Friday on the conservative talk show, The Joe Pags Show. He repeated a statement he has made in the past that he "never felt threatened" on January 6, when a pro-Trump mob took seige of the Capitol, prompting lawmakers to evacuate.

"I knew those were people that love this country, that truly respect law enforcement, would never do anything to break the law, so I wasn't concerned," Johnson said.

Five people died as a result of the riot, including a Capitol police officer.

... "Had the tables been turned, and President Trump won the election, and those were tens of thousands of Black Lives Matter and antifa protesters, I might have been a little concerned," Johnson said, acknowledging that the remark could get him "in trouble."

Conservatives have frequently drawn a false equivalence between Black Lives Matter protesters and antifa, which is a separate political movement based on anti-fascism ideology, though some people who align with antifa did take part in racial justice protests last year.

Last summer saw the most civil rights protests in a generation, and in the thousands of demonstrations that took place following the death of George Floyd, some turned into violent riots with looting and property destruction.

However, an analysis by the US Crisis Project found 93% of the racial justice protests that occurred over the summer were peaceful protests. The report identified more than 2,400 locations at which peaceful protests took place, while violent demonstrations occurred in only 220 locations.

Some people on Twitter called Johnson's remark racist, including Joe Walsh, another conservative talk show host and former GOP representative from Illinois.

"I got elected with Ron Johnson. I liked Ron Johnson. I don't know who the hell this Ron Johnson is. This is ugly. This is wrong. This is racist," Walsh tweeted, along with an audio clip.
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or Trump-ism

Trumpism refers to the nontraditional political philosophy and approach espoused by Donald Trump and his supporters. The term Trumpism can also be used to directly refer to an outrageous or idiosyncratic statement made by Donald Trump.

Trump, whom many observers consider an anomaly, left the White House by saying, “We will be back in some form.” His legacy is “Trumpism” – a wave of white nationalism.

Trumpisms are Bushisms on steroids.