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UNFTR Weekly Roundup

What You Missed

This week in our Members Only Newsletter you missed:

  • Max Notes on the Dem Convention lineup.

  • The Tuesday Top Five news articles everyone should be reading.

  • An original essay from News Beat’s Rashed Mian on finding hope in the uncommitted.

  • And Ryan Stanco’s “Not for Nothing” on Google, hope and the ocean.

So I guess the question is…what are you waiting for? Sign up today to become a member and level up to unlock a slew of additional perks!

    Max Notes

    Is it over? 99 and I were talking about the convention in Show Notes this week and remarking on just how much better the Dems are at this than the Republicans. This is the moment in the relentless election cycle when people really start paying attention and the DNC brought the house to try and represent every concern under the tent. All except one. 

     

    Sidelining uncommitted representatives and Palestinian voices was a mistake. Will it be a big enough one to make a difference? Hard to tell. But we’ve been warning about several big issues from the economy to RFK, Palestinian rights to voter disenfranchisement. Every vote counts and the DNC could have (should have) found a way to give more than a perfunctory nod to the suffering in Gaza. AOC included. 

     

    On balance, however, it was as good a showing as Democratic leadership could have hoped. The meme machine is in full swing on the Republican side now that it’s over and the real hand-to-hand combat begins in earnest today. Harris has the hot hand now, which is not to say it’s hers to lose.

     

    Other things I’m obsessing over…

    • I liked Notting Hill and I don’t care who knows it.

    • Mike Lindel at the DNC

    • 99 made me a driving playlist. Because, 99. This is on it and brought me back.

      -Max

        Chart of the Week

        Treasurys- TickerYield. US1M5.34. US3M5.144, US6M4.897. US1Y4.4. US273.932. US10Y3.816. US30Y4.103.

        Source: CNBC

         

        Jerome Powell signaled that there will be a shift in strategy come September. Translation: rate cuts are finally coming. We’ll talk more about it in the episode, but while consumers may rejoice it’s alway interesting to see Wall Street respond through its ultimate litmus test. The Ten Year Treasury. Cheat sheet: When yields go down, it means Wall Street is bearish (pessimistic). When they go up, they’re bullish (optimistic). It doesn’t take a Series 7 and 63 to know that the economy is difficult for most people.

        Headlines

        Leonard Leo and the GOP Will Stop at Nothing to Steal the Election

        Leonard Leo of SCOTUS placement fame has another scheme rolling out throughout the United States to throw registered Democrats off ballots and prepare for legal battles over counts. This is the stuff of nightmares.

         

        From the article:

        “But earlier this month, the Republican National Committee, represented by Green and other Consovoy McCarthy attorneys, asked the Supreme Court to intervene and block voters from participating in the November election if they did not provide sufficient proof of citizenship. If the high court agrees, the decision would exclude tens of thousands of Arizona voters from participating in elections.”

         

        The Lever: Leonard Leo’s Swing-State Voter Purge

         

        Phil Donahue deserved better. Still does.

        The tributes were brief. A talk show from yesteryear replaced by Oprah and a new breed of entertainment talk show hosts. Famously mocked by SNL. A daytime talk show host with prematurely silver hair. A relic. More troubling was the lack of coverage of his death at 88 years of age by left-wing media outlets. Save for this piece on Democracy Now!, very few remember just how radically empathetic this man was and how his anti-war stance marked the unceremonious end to a remarkable career.

         

        From the article:

        “He changed television. He changed our country. His three most frequent guests on his daytime show, where he took issues of civil rights, gay rights, women’s rights, corporate greed — he mainstreamed those issues, and his three most frequent guests on the daytime show was the feminist advocate Gloria Steinem, it was Ralph Nader, the great foe of corporate greed, and Reverend Jesse Jackson. Aside from those three, he also kept featuring Dr. Sidney Wolfe, an ally of Ralph Nader, who talked about the greed of the pharmaceutical industry and unsafe drugs.”

         

        Democracy Now!: Remembering TV Icon Phil Donahue: He Brought Antiwar Voices to the Airwaves Until MSNBC Fired Him

         

        Mr. “Free Speech” Is at It Again

        Trump’s appeal to working class voters he personally despises is as bizarre as the fanboy universe of libertarian idealists who revere Elon Musk.

         

        From the article:

        “‘There’s a grim rationality to his legal activities,’ says Imran Ahmed, the Center for Countering Digital Hate’s founder and CEO, of Musk. ‘They’re the desperate actions of a man trying to avoid accountability for what he knows is atrocious behavior.’ Ahmed believes Musk knows the behavior is bad, he added, because he himself said in 2022 that Twitter could not be allowed to become ‘a free-for-all hellscape,’ which critics argue it has.”

         

        Mother Jones: Elon Musk’s Lawyers Quietly Subpoena Public Interest Groups

          This Week on the Pod

          Show Notes: Harris v. Trump.

          The US Constitution ripped in the middle revealing white text on a blue background that says, ‘Unf*cking the Republic.’ Letters have a glitchy rainbow effect on them.

          We’re releasing an overdue Show Notes then following up early next week with a look at inflation and employment data and the potential impact upon the election. I decided to hold on a couple of takes until Powell signaled his upcoming interest rate move in September and RFK’s impending announcement, but the rest of the piece is pretty well fleshed out. The impetus for the piece is a surprisingly horrendous take by Paul Krugman. 

           

          Here’s a snippet from Krugman:

          “Top earners have experienced staggering growth over the past several decades. They’ve completely pulled away from the pack. When high interest rates punish wage earners with things like variable rate mortgages, or inflation shows up in grocery bills or at the pump, it severely constricts people’s ability to plan, save or survive. People who are one catastrophic incident away from insolvency; or even a small incident that costs thousands of dollars that people don’t have. When interest rates go up for high income individuals and wealthy families, so do their portfolios. In fact, they win on all sides and compound their returns with a combination of secure fixed income investment vehicles and safe harbor in equities that are increasing because companies are still buying back their shares and taking advantage of customers with inflated prices.”

          Access Episode Resources

          Resources

          Pod Love

          “James Baldwin’s 100th birthday passed by recently and we’re using the occasion to draw on his moral clarity and eloquence while we assess the state of race in America.”

           

          Best of the Left: Race in America and the Moral Clarity of James Baldwin

           

          Book Love

          “Written during the 1940s and early 1950s, when Baldwin was only in his twenties, the essays collected in Notes of a Native Son capture a view of black life and black thought at the dawn of the civil rights movement and as the movement slowly gained strength through the words of one of the most captivating essayists and foremost intellectuals of that era. Writing as an artist, activist, and social critic, Baldwin probes the complex condition of being black in America.”

           

          Notes of a Native Son by James Baldwin

           

          Unf*cker Comment of the Week

          From Stephen J.:

           “I think we’re so used to the corporate Democrats that we can easily mistake anyone that’s not as corporate friendly as the rest as very progressive. Compared to Joe Biden, Tim Walz seems very progressive. At this point any movement in the Overton Window that’s not in the direction of neofascism to me seems desirable and hopefully can be a stepping stone towards more progressive policies.”

          Progressive Corner

          Progressive Spotlight: Cori Bush.

          The outgoing Squad member rose to prominence as an activist following the police killing of Michael Brown. She’s now ready to take on AIPAC and other big-money groups.

           

          Progressive Organization of the Week: NextGen America.

          “NextGen America’s mission is to empower young voters to engage in the political process and ensure our government is responsive to the largest and most diverse generation in American history.”

           

          Check Out the New UNFTR Directory of Progressive Resources for More

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