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    Iran president rules out meeting with Biden, saying it won’t be beneficial

    Iran president rules out meeting with Biden, saying it won’t be beneficialEbrahim Raisi says he sees no ‘changes in reality’ from Trump administration as hopes to revive nuclear talks dampen Iran’s president, Ebrahim Raisi, has ruled out a meeting with Joe Biden on the margins of the UN General Assembly (UNGA) this week, saying he saw no “changes in reality” from the Trump administration.Raisi underlined the firm position of his government and dampened hopes that a week of summitry at UNGA in New York might yield any progress in negotiations to revive the 2015 nuclear deal. Washington has rejected the latest Iranian bargaining positive as “not constructive”, and most observers believe there will be no breakthroughs at least until after the US congressional elections in November.Asked on the CBS 60 Minutes news programme whenever he would be ready to meet Biden in New York, Raisi replied: “No. I don’t think that such a meeting would happen. I don’t believe having a meeting or a talk with him will be beneficial.”Raisi and Biden are both expected to address UNGA on Wednesday morning.On comparisons between the Biden administration, which has reentered talks on restoring the 2015 Joint Comprehensive Programme of Action (JCPOA) and the Trump White House, which withdrew the US from the deal in 2018, triggering its subsequent unraveling, Raisi was blunt.“The new administration in the US, they claim that they are different from the Trump’s administration. They have said it in their messages to us. But we haven’t witnessed any changes in reality,” he said, in an interview due to be broadcast on Sunday evening.Efforts to restore the JCPOA, by which Iran severely restricted its nuclear programme in return for sanctions relief, have stalled in part because Iran is seeking guarantees that any agreement is not reversed by Biden’s successor, which could be Trump himself.Raisi will arrive in New York in a week the regime’s human rights record is under particular scrutiny. Thirty Iranians have been injured, some seriously, in protests after the death of Mahsa Amini a 22-year-old Kurdish woman three days after she was arrested and reportedly beaten by morality police in Tehran.TopicsIranUS foreign policyMiddle East and north AfricaUS politicsJoe BidenBiden administrationTrump administrationnewsReuse this content More

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    January 6 panel could release report on Trump and Capitol attack before midterms – as it happened

    The House committee investigating January 6 plans to release preliminary findings into the attack on the Capitol sometime in October, meaning voters may be digesting new details of the insurrection as the midterms approach, Axios reports.The committee has tentative plans to hold its first public hearing since July on 28 September, and Axios reports that its members are meeting today to flesh out the rest of their schedule. The Democratic chair Bennie Thompson said an early version of its report into the attack will come out in October. “The goal is to have … some information pushed out, obviously, before the November election,” he said, adding that the time between the late-September hearing and the 8 November election “won’t be a quiet period.”The committee’s public hearings held in June and July dredged up highly publicized details of the attack and Donald Trump’s actions before, during and after that put the former president and his Republican allies on the defensive. That dynamic may repeat in the two months ahead, assuming the committee is able to match its earlier revelations.For a sense of how the committee is thinking in relation to its impact on the midterms, here are the thoughts of one of its Democratic members, Jamie Raskin: “There are those partisans of former President Trump that will denounce anything we do, so we’re not going to jump through hoops to please people who will call anything we do partisan.”The run-up to the 8 November midterms will be even more eventful than usual, after the January 6 committee made clear its plans to release more details of the attack on the Capitol in the weeks ahead. Meanwhile, a federal judge has approved the appointment of a special master to review documents seized by the government from Donald Trump’s Mar-a-Lago resort, while stopping the justice department from further examining them until the master has finished his work.Here’s what else happened today:
    President Joe Biden will meet with the families of two Americans detained in Russia, while Moscow has yet to act on a reported prisoner-swap offer made to secure their freedom.
    The White House condemned GOP governors’ transportation of migrants to Washington, DC and Martha’s Vineyard, Massachusetts.
    Donald Trump has apparently embraced the QAnon conspiracy theory to shore up his support base amid mounting legal problems.
    Lawmakers faced rancor and strife of all kinds, including a condemnation at a committee hearing, a feud on a flight and a kicking outside the Capitol.
    No, the White House did not hire a satanist as the deputy coordinator of its monkeypox response.
    West Virginia’s Republican governor Jim Justice has signed a recently passed abortion ban into law, making it the latest state to crack down on the procedure after the supreme court overturned Roe v Wade last June.Today I signed HB 302 – a bill that protects life.I said from the beginning that if WV legislators brought me a bill that protected life and included reasonable and logical exceptions I would sign it, and that’s what I did today.Read the bill ⬇️https://t.co/G7i9DTirSN— Governor Jim Justice (@WVGovernor) September 16, 2022
    The legislation approved by the GOP-controlled state legislature is intended to shut down the state’s only abortion clinic, but contains some exceptions for minors and victims of rape and incest.West Virginia passes sweeping abortion ban with few exceptionsRead moreElsewhere on Thursday, the partisan venom went airborne, when Senator Ted Cruz encountered a supporter of Democrat Beto O’Rourke on a flight.The Texas senator’s camera-wielding foe, whose identity remains unclear, captured their encounter on video, in which he challenged Cruz’s stance on gun control and asked him to name a victim of the May shooting in the town of Uvalde:Senator Cruz was on my flight, and I asked him to name any of the Uvalde victims. He couldn’t. Texas deserves better than spineless hacks like this. Right the wrongs of 2018, and make @betoorourke our next Governor. #betoforgovernor #cancuncrus #uvaldestrong pic.twitter.com/AW34oxuUNv— Beto For Everyone (@Nathan_VBB) September 15, 2022
    Cruz defeated O’Rourke when he stood against him for Senate in 2020. O’Rourke is currently trying to unseat Texas governor Greg Abbott, who is running for a third term.The congressional tumult extended beyond committee chambers on Thursday, when video appeared to show rightwing Republican House representative Marjorie Taylor Greene kicking an activist as they argued about gun control.The Georgia lawmaker herself posted a lengthy video of the encounter. The alleged kicking happens at about the 1:15 mark:These foolish cowards want the government to take away guns & the rights of parents to defend their children in schools.You have to be an idiot to think gun control will create a utopian society where criminals disarm themselves and obey the law.“Gun-free” zones kill people. pic.twitter.com/1T37HH8jEO— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) September 15, 2022
    The Washington Post has a write-up about the encounter between Voters of Tomorrow, a group representing Gen Z, and Greene, whom Democratic leadership booted from her committee assignments for a series of offensive remarks last year.The entire encounter is reminiscent of what Greene used to do before being elected to Congress in 2020. She appeared in Washington the year prior to follow for several blocks and heckle gun control activist David Hogg, a survivor of the 2018 shooting in Parkland, Florida.Meanwhile in the House of Representatives, rancor was the order of the day in a Thursday committee hearing when one Republican lawmaker’s comments to a witness prompted a rebuke from his Democratic colleague.“I’m trying to give you the floor, boo,” Republican Clay Higgins said as Raya Salter, a clean energy advocate, spoke before the House oversight committee.New York Democrat Alexandria Ocasio-Cortez was not pleased by how her colleague from Louisiana treated Salter, who was talking about how the fossil fuel industry affected Black people and other racial minorities.“In the four years that I’ve sat on this committee, I have never seen members of Congress, Republican or Democrat, disrespect a witness in the way that I have seen them disrespect you today,” Ocasio-Cortez told Salter. “Frankly, men who treat women like that in public – I fear how they treat them in private.”In a statement to the Hill, Higgins said, “When radicals show up in front of my committee with an attitude talking anti-American trash, they can expect to get handled. I really don’t care if I hurt anybody’s feelings while I’m fighting to preserve our Republic.”Here’s a video of the exchange:Florida’s Republican governor Ron DeSantis said bringing migrants to Democratic-led areas of the country was necessary to draw attention to the government’s failures at the southern border, Richard Luscombe reports:Joe Biden has accused Ron DeSantis of “playing politics with people’s lives” for flying Venezuelan migrants to the wealthy liberal island community of Martha’s Vineyard without warning, while the legality of the Florida governor’s move is also under scrutiny.In what immigration activists and Democratic politicians have decried as a “political stunt”, DeSantis, who is expected to run for the Republican party’s presidential nomination in 2024, arranged for two charter planes of about 50 migrant adults and children to fly from Texas to Martha’s Vineyard on Wednesday.Claiming that “every community in America should be sharing in the burdens,” DeSantis told a press briefing he wanted to draw attention to what he claimed was a failure by the Biden administration to secure the US-Mexico border.DeSantis criticized for sending migrants to Martha’s Vineyard: ‘It’s un-American’Read moreOne migrant had to be taken to urgent care upon arriving in Washington. Another wasn’t aware that he was arriving on the Massachusetts island of Martha’s Vineyard until his plane began its descent.Those were some of the anecdotes White House press secretary Karine Jean-Pierre relayed as she continued her condemnation of Republicans governors sending migrants from the southern border to Democratic-run communities.“This should not be happening,” she said. “Republican officials should not be using human beings as political pawns.”White House press secretary Karine Jean-Pierre is echoing Joe Biden last night in slamming Florida’s governor, Ron DeSantis, after he arranged for a group of migrants from Venezuela to be flown to the small Massachusetts island, without warning to the state or a true explanation to the people being transported.She said DeSantis did not notify Massachusetts that “migrant children, in need of food and shelter, were about to land on their doorstep.”Jean-Pierre added: “These vulnerable migrants were misled about where they were headed.”She said they were told they were going to Boston and misled about what benefits they would be provided when they arrived, “promised shelter, refuge benefits and more”.She accused the Florida leader, and Greg Abbott, the governor of Texas, who has unilaterally been bussing thousands of migrants awaiting the processing of their immigration applications in the US to Democratic-led cities New York, Washington and Chicago, of “the tactics of smugglers in places like Mexico and Guatemala”.“And for what? A photo op? Because these governors care about creating political theater, not creating actual solutions,” Jean-Pierre fumed.She accused Republicans of treating humans like “chattel in a cruel, pre-meditated political stunt”.From the White House Press Secretary Karine Jean-Pierre. https://t.co/kKrEtpMa1q— Danny Usher (@dsurte66) September 16, 2022
    White House press secretary Karine Jean-Pierre is due to brief the media shortly, in Washington DC. The session has been put back slightly from its original 1pm ET scheduling.Joe Biden is due to meet South African president Cyril Ramaphosa at the White House early afternoon.The US president plans to fly to the UK tomorrow, ahead of Queen Elizabeth’s state funeral on Monday.But on Sunday he plans to have his first meeting with the brand new British prime minister, Liz Truss. She met the Queen as incoming prime minister just two days before the monarch’s death last Thursday, providing the world with the last official photographs of the Queen, at Balmoral, smiling and wearing a tartan skirt.And as the campaigns rev up for the US midterm elections in early November, the White House has just said that Biden will hit the trail, traveling to Orlando, Florida, on Tuesday to attend a Democratic National Committee rally.Then next Wednesday, Biden plans a major speech in New York at the United Nations general assembly, where he will expand on the theme he is hammering on this autumn – the battle between the forces of democracy and autocracy, including within the US.Ukrainian president Volodymyr Zelenskiy has also now been confirmed as a speaker at UNGA and will address world leaders via a video-link from is country, embattled since the invasion by Russia six months ago.If readers want to dive into live news of all the developments in the war, do follow our global blog on the topic, here.And for news on Queen Elizabeth and the British royal family, as thousands queue to see the casket of the monarch as she lies in state in London, follow developments in our blog out of London, as they happen, here.The run-up to the 8 November midterms will be even more eventful than usual, after the January 6 committee made clear its plans to release more details of the attack on the Capitol in the weeks ahead. Meanwhile, a federal judge has approved the appointment of a special master to review documents seized by the government from Donald Trump’s Mar-a-Lago resort, while stopping the justice department from further examining them until the master has finished his work.Here’s what else has happened today:
    President Joe Biden will meet with the families of two Americans detained in Russia, while Moscow has yet to act on a reported prisoner-swap offer made to secure their freedom.
    Donald Trump has apparently embraced the QAnon conspiracy theory to shore up his support base amid mounting legal problems.
    No, the White House did not hire a satanist as the deputy coordinator of its monkeypox response.
    One of the biggest outstanding questions the January 6 committee is trying to answer is what the Secret Service knew about the attack, and why agents acted the way they did as the Capitol was being stormed.Questions have swirled around the Secret Service as its actions were brought to light, particularly after it was revealed that it deleted much of agents’ communications from around the time of the insurrection. Bloomberg reports that the committee has obtained documents, text messages and other materials from the Secret Service that could answer some of those questions. “It’s a combination of a number of text messages, radio traffic, that kind of thing. Thousands of exhibits,” the committee’s chair Bennie Thompson said earlier this week.It was unclear if any of what had been turned over were the communications from January 5 and 6 that were reported as erased. Another committee member, Zoe Lofgren, said some of what had been obtained was “relevant”.Secret Service watchdog suppressed memo on January 6 texts erasureRead moreThe House committee investigating January 6 plans to release preliminary findings into the attack on the Capitol sometime in October, meaning voters may be digesting new details of the insurrection as the midterms approach, Axios reports.The committee has tentative plans to hold its first public hearing since July on 28 September, and Axios reports that its members are meeting today to flesh out the rest of their schedule. The Democratic chair Bennie Thompson said an early version of its report into the attack will come out in October. “The goal is to have … some information pushed out, obviously, before the November election,” he said, adding that the time between the late-September hearing and the 8 November election “won’t be a quiet period.”The committee’s public hearings held in June and July dredged up highly publicized details of the attack and Donald Trump’s actions before, during and after that put the former president and his Republican allies on the defensive. That dynamic may repeat in the two months ahead, assuming the committee is able to match its earlier revelations.For a sense of how the committee is thinking in relation to its impact on the midterms, here are the thoughts of one of its Democratic members, Jamie Raskin: “There are those partisans of former President Trump that will denounce anything we do, so we’re not going to jump through hoops to please people who will call anything we do partisan.”If there’s one thing Donald Trump likes, it’s people who like him. The Associated Press reports that the former president has reached out to a new group of friends: QAnon supporters.While saying as recently as 2020 that he didn’t know much about the convoluted conspiracy theory-turned-movement, he has lately made several social media posts embracing some of its ideas. The AP reports that it may be a way to shore up his support base as he deals with an array of legal troubles, like the Mar-a-Lago investigation:.css-knbk2a{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}The former president may be seeking solidarity with his most loyal supporters at a time when he faces escalating investigations and potential challengers within his own party, according to Mia Bloom, a professor at Georgia State University who has studied QAnon and recently wrote a book about the group.
    “These are people who have elevated Trump to messiah-like status, where only he can stop this cabal,” Bloom told the AP on Thursday. “That’s why you see so many images (in online QAnon spaces) of Trump as Jesus.”
    On Truth Social, QAnon-affiliated accounts hail Trump as a hero and savior and vilify President Joe Biden by comparing him to Adolf Hitler or the devil. When Trump shares the content, they congratulate each other. Some accounts proudly display how many times Trump has “re-truthed” them in their bios.
    By using their own language to directly address QAnon supporters, Trump is telling them that they’ve been right all along and that he shares their secret mission, according to Janet McIntosh, an anthropologist at Brandeis University who has studied QAnon’s use of language and symbols.
    It also allows Trump to endorse their beliefs and their hope for a violent uprising without expressly saying so, she said, citing his recent post about “the storm” as a particularly frightening example.A survey published earlier this year found that belief in QAnon has surged ever since Trump left the White House.Belief in QAnon has strengthened in US since Trump was voted out, study findsRead more More

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    Biden says US democracy is under threat. Here’s what he can do to help fix it | Stephen Marche

    Biden says US democracy is under threat. Here’s what he can do to help fix itStephen MarcheWe don’t need lofty rhetoric about democracy. We need to pack the courts, fight partisan gerrymandering, campaign finance reform and more In the run-up to the midterm elections, liberal America is starting to realize how much danger it’s in. The right has been openly, defiantly stoking the fires of civil war since at least 2008 – openly promoting secession, political violence and the overturning of electoral outcomes. Now the left, slowly, probably too late, is having some of the same discussions about the catastrophic failure of American political institutions. Biden’s speech in Philadelphia, his attempt to set the agenda for the midterms, mattered in this respect if in no other. The Democratic leader has finally, against all instinct, acknowledged the risk of national collapse.I’m 65 and have $300,000 in student debt. I and other older debtors are going on strike | Lystra Small-CloudenRead more“As I stand here tonight, equality and democracy are under assault,” the president declared. “We do ourselves no favor to pretend otherwise.” He even allowed himself to be specific, going so far as to call the Republican party under Trump “a threat to democracy”. Biden has a gift for stating what has been obvious to everyone as if he were thinking it for the first time. Still, his diagnosis was accurate, which is what made his proposed solution to the threat so frighteningly shallow: “I’m asking our nation to come together, unite behind the single purpose of defending our democracy regardless of your ideology.”That’s not good enough. It’s nowhere even close to good enough. If the president of the United States declares that democracy in his country is under assault, then he needs to announce in the next breath what he’s doing about it, not try to exploit it for temporary political gain in a single election cycle.A recent poll found that more than 40% of Americans believe that a civil war is likely with the next decade. The past two years have seen the rot of American government accelerate, even as Biden has made real legislative progress. That’s the irony of these midterms. Biden has made hugely significant strides on matters of policy, on climate crisis, on infrastructure, on education during his first two years. At the same time, the forces tearing America apart are more intense than they were during the Trump years.Since the Dobbs decision, American women have come to exist in a patchwork of legal statuses, not only between states but even on county level. Just as before the first civil war, the question of free movement between different jurisdictions is once again unclear. The Mar-a-Lago raid has created a situation in which there are no good options: the government must either arrest an ex-president or allow classified secrets to fill up random closets. Already the fundamental question of civil war is in the air: how do you deal legally with citizens who want to destroy the basis of law? The success of election deniers across American states has created inevitable conflict over 2022 and 2024. The peaceful transition of power is more doubtful now than it has been at any period since the 19th century.The drift towards disunion is not in Biden’s control if, indeed, it is in anyone’s control at this point. Hyper-partisanship is increasing and increasingly violent. Trust in institutions continues to decline. The sense of legitimacy in the press and the courts continues its long slide. Biden’s approach to the collapse of American institutions is institutionalist, and he is trying to make his faith in institutions the focus of the next election cycle. But the current crisis requires more than politics as usual, and more than Biden is providing.If you want to take America off the high boil, promote open primaries, not vacuous calls to national unity. Independent redistricting commissions to fight partisan gerrymandering, campaign finance reform to pull America back from the black hole of dark money, and a general overhaul of the Federal Election Commission are, at this point, obviously necessary on the most basic level if American democracy is to survive. They are also against the interests of both parties. They are not on the table in 2022.A pro-democracy agenda also requires a genuine reckoning with the opponents of democracy. The US supreme court is already dive-bombing into illegitimacy, passing through theocracy on its way to irrelevance. Biden is not preserving the legitimacy of the court by choosing not to stack it. He is only ensuring that an already illegitimate court will be opposed to democracy.How far Biden can enact a pro-democracy agenda is dubious, of course, and every year, from now on, it will become more dubious. Biden seems to have nothing more to offer than the old soaring rhetoric that somehow still has people who will listen to it: “This is where the United States constitution was written and debated. This is where we set in motion the most extraordinary experiment of self-government the world has ever known,” he said, flanked by marines. Then he put the onus for defending that experiment on the American people.That’s an alibi, an abrogation of responsibility. Biden was elected in 2020 to defend US democracy, but the solution to America’s crisis is not political but structural. It doesn’t require the American people to vote one way or another in order to enact one or another legislative agenda but to find a different way to govern themselves.The first portion of the Biden administration has revealed a clandestine tragedy: the president has loved American institutions so much that he cannot bring himself to do what’s required to save them.
    Stephen Marche is the author of The Next Civil War
    TopicsUS politicsOpinionJoe BidenBiden administrationDemocratsRepublicansDonald TrumpcommentReuse this content More

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    Biden vows to tackle ‘venom and violence of white supremacy’ and decries Trump over Charlottesville – live

    “White supremacist will not have the last word and this venom and violence cannot be the story of our time,” Biden said. Biden listed off a series of attacks against Jewish people, trans people, Asian Americans…He specifically mentioned the 2018 shooting at the Tree of Life synagogue in Pittsburgh, and violence against Asian Americans amid the pandemic, and bomb threats at HBCUs. “All forms of hate fueled violence have no place in America,” he said, adding that we must “silence it, rather than remain silent.”Reality Winner, the intelligence contractor who served more than four years in prison for leaking a report on Russian interference in the 2016 US election, has said she finds accusations that Donald Trump mishandled sensitive documents “incredibly ironic”, given her prosecution under his administration.An FBI search of the former president’s Mar-a-Lago home in Florida last month found more than 300 classified documents.Speaking to NBC News, Winner, 30, said: “It is incredibly ironic, and I would just let the justice department sort it out.”Winner added that it “wasn’t hard to believe” Trump held on to classified documents.Reflecting on her own prison sentence, she said: “What I did when I broke the law was a political act at a very politically charged time.”Winner also said she did not believe Trump should go to prison. She did not comment further on whether the former president should face charges under the Espionage Act, as she did in 2017.“This is not a case where I expect to see any prison time,” Winner said, “and I’m just fine with that.”Winner was released early, on good behavior, in June 2021.The US is expected to announce a new $600m arms package to help the Ukrainian military, Reuters reports:.css-knbk2a{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}Two of the people familiar with the deliberations said the package could be announced later this evening
    Several sources said it was expected the package would contain munitions, including more High Mobility Artillery Rocket Systems (HIMARS). Two of the sources said the package would include ammunition for howitzers
    The White House declined to comment.
    Washington has sent about $15.1bn in security assistance to the Kyiv government since Russia’s invasion.Here’s a 2017 interview by my colleague Lois Beckett with Susan Bro: More

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    Republicans planning legal assault on climate disclosure rules for public companies

    Republicans planning legal assault on climate disclosure rules for public companiesThe SEC’s proposed new rules, which would require public corporations to disclose climate-related information, have been critized by industry groups Republican officials and corporate lobby groups are teeing up a multi-pronged legal assault on the Biden administration’s effort to help investors hold public corporations accountable for their carbon emissions and other climate change risks.The US Securities and Exchange Commission (SEC) proposed new climate disclosure rules in March that would require public companies to report the climate-related impact and risks to their businesses.The regulator has since received more than 14,500 comments. Submissions from 24 Republican state attorneys general and some of the country’s most powerful industry associations suggest that these groups are preparing a series of legal challenges after the regulation is finalized, which could happen as soon as next month.“I would expect a litigation challenge to be brought immediately once the final rule is released,” Jill E Fisch, a business law professor at the University of Pennsylvania, told the Guardian. “They probably have their complaints already drafted, and they’re ready to file.”Some opponents claim that requiring companies to publish climate-related information infringes on their right to free speech. Others (often the same ones) say that the rule exceeds the SEC’s legal authority.Both critiques feature prominently in comments from the Republican attorneys general and the US Chamber of Commerce, which spent more than $35m lobbying the federal government in the first half of 2022, according to OpenSecrets. The Republican letter warns that if the new disclosure requirements are finalized, “capitalism will fall by the wayside.”The SEC proposal does not establish environmental policy or require that companies take any climate-related actions other than making more information publicly available.The free speech and legal authority objections have been met with profound skepticism from legal experts and former SEC officials.In a letter to the commission, John Coates, a Harvard Law School professor and former SEC general counsel, said that instead of challenging the climate disclosure rule on its merits, “critics have resorted to mischaracterizing the proposal, and inventing their own, fictional rule”.How a top US business lobby promised climate action – but worked to block effortsRead moreIn another letter, a bipartisan group of former SEC officials, legal scholars, securities law experts and corporate lawyers noted that “the SEC has mandated environmental disclosure at least as far back as the Nixon administration.” Even though not all of the letter’s authors support the substance of the rulemaking, they agreed without exception “that there is no legal basis to doubt the commission’s authority to mandate public-company disclosures related to climate.”“The SEC is promulgating a disclosure rule that’s square within its wheelhouse,” said Fisch, of the University of Pennsylvania. “It’s exactly what Congress told it to do, and which it has done consistently since 1933.”But the legal authority and free speech charges, however tenuous, are not the only grounds on which opponents of the climate disclosure rule have hinted at litigation.In a recent analysis, the Guardian revealed how the Business Roundtable, a lobbying group for CEOs of America’s biggest companies, opposes a key provision of the SEC proposal that would require some large companies to measure and report emissions generated throughout their supply chains – known as Scope 3 emissions.Chart showing the difference between Scope 1, 2, and 3 emissions.In addition to challenging the substance of the rule, the Business Roundtable also rejects the SEC’s estimate of how much it would cost businesses to comply. (The organization said in an email that its comments “[are] focused on identifying challenges in the proposed rule in the hopes the SEC will address them.”)The SEC projects that companies will face compliance costs of $490,000 to $640,000 in the first year of climate reporting, and less in subsequent years. (By comparison, a 2019 study predicted that climate change could cost firms around $1trn over the following five years.)A detailed assessment from Shivaram Rajgopal, Columbia Business School professor of accounting and auditing, concluded that even without taking into account any benefits from the climate disclosure rule, the costs would prove negligible for most firms. “The loss in market capitalization, if any, from compliance costs is likely too tiny for any outsider to detect and to separate from daily volatility in the stock returns for unrelated reasons,” Rajgopal wrote.Last quarter ExxonMobil earned nearly $18bn in profit, the largest quarterly earning in the company’s history. Over the same period, General Motors generated more than $35bn in revenue, while Walmart reported revenues of nearly $153bn. The Economist recently reported that after-tax corporate profits as a share of the US economy have surged to their highest level since the 1940s.ExxonMobil, GM and Walmart are members of the US Chamber of Commerce and the Business Roundtable. According to a report from the nonprofit Center for Political Accountability, during the 2020 election cycle each company donated at least $125,000 to the Republican Attorneys General Association, which supports the political campaigns and legal agendas of GOP attorneys general across the country.In their letter to the SEC, 24 of these attorneys general called the commission’s cost-benefit analysis “woefully unfinished” and warned that finalizing the climate disclosure rules “will undoubtedly draw legal challenges”.The Business Roundtable, meanwhile, described the analysis as “fundamentally flawed” and said that its member companies “believe [the costs of the rule] will be orders of magnitude more than what the SEC estimates.” The chamber issued a similar condemnation, writing in its voluminous submission that the SEC’s “economic analysis … is incomplete and substantially underestimates compliance costs.”Asked to comment, neither organization responded specifically to questions of whether it planned to pursue legal action against the SEC if the final rule is not changed significantly.Trade associations might be expected to instinctively oppose new regulations, but in the past such statements have proven to be more than routine political rhetoric. On multiple occasions in response to prior rulemakings, the chamber and the Business Roundtable have successfully sued the SEC on cost-benefit grounds.In 2011, following a suit filed by the two groups, the DC circuit struck down an SEC rule that would have made it easier for shareholders to consider new board members for public companies, deeming the rule “arbitrary and capricious”. The decision in Business Roundtable v SEC said that the commission “neglected its statutory obligation to assess the economic consequences of its rule”, citing, among other figures, a cost estimate submitted to the SEC by the chamber.In their comments on the climate disclosure proposal, the Republican attorneys general and the chamber each cite Business Roundtable v SEC in claiming that the SEC’s cost-benefit analysis is flawed.The Republican letter is co-led by Patrick Morrisey, the West Virginia attorney general who recently helmed a successful legal challenge to the Environmental Protection Agency (EPA).In West Virginia v EPA, the Supreme Court endorsed a relatively novel legal notion – the so-called “major questions doctrine” – to halt an EPA effort to regulate greenhouse gas emissions from power plants. As the Bulletin of the Atomic Scientists explained, “Under this doctrine, when a regulation crosses a certain threshold of being ‘major’ – a line which remains poorly defined – the court rejects the regulation unless it has been clearly authorized by Congress.”The major questions doctrine looks to be the basis of Morrisey’s campaign against the climate disclosure rule. In a July TV appearance, Morrisey said that the Biden administration “can’t get the congressional majorities behind their policies, so they’re trying to resort to the [regulations]. But as we saw with West Virginia v EPA, I don’t think the courts are going to let that happen.” (Morrisey’s office did not respond to emails requesting comment.)“I don’t think there’s any natural reason to infer that the court’s decision [in West Virginia v EPA] would have any implications for the SEC,” said the University of Pennsylvania’s Jill Fisch. “At the same time, you can read the West Virginia case, and you can say: ‘This is part of the Supreme Court, and the federal courts generally, taking a different look at government agencies. This is cutting back on the fourth branch, on the power of the administrative state.’ And if that’s true, in theory, everything is up for grabs.”“Historical legal precedent suggests that the SEC has a pretty strong case,” Tyler Gellasch, the president and CEO of the nonprofit Healthy Markets Association, said. “But if you’re the Business Roundtable, you don’t necessarily need historical legal precedent on your side. You just need a court today. And that seems far more likely today than it would have been at any time in modern history.”TopicsClimate crisisBiden administrationSecurities and Exchange CommissionUS politicsReuse this content More

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    ‘Transformational’: could America’s new green bank be a climate gamechanger?

    ‘Transformational’: could America’s new green bank be a climate gamechanger?Long championed by climate activists, the green bank would provide funding to expand clean energy use across the US Buried on page 667 of the Inflation Reduction Act is a climate policy that has been in the making for more than a decade.The Greenhouse Gas Reduction Fund provides $27bn in funding for projects aimed at lowering America’s planet-heating emissions. Some of those funds, roughly $7bn, will be dedicated to clean energy deployment in low-income communities – but the vast majority of the funds will be used to create America’s first national green bank, an initiative long championed by climate activists. Those activists hope that the national green bank, which will provide ongoing financial assistance to expand the use of clean energy across the country, will accelerate America’s transition away from fossil fuels.TopicsUS politicsAmerica’s dirty divideClimate crisisBiden administrationfeaturesReuse this content More

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    The Democrats are gaining because Americans want jobs, not Capitol mobs | Lloyd Green

    The Democrats are gaining because Americans want jobs, not Capitol mobsLloyd GreenThe supreme court’s abortion decision, a drop in gas prices, and Trump’s legal dramas have all helped strengthen Biden’s ratings – and Democrats’ chances this fall Can the Democrats make the formerly Republican slogan “jobs, not mobs” their midterm mantra?They just might get away with it. In politics, jiujitsu is fair play – and these days Republicans are less the party of “law and order” and more the party that denies the outcomes of democratic elections and attacks the US Capitol.The Republican party has reason to fear the midterms | Lloyd GreenRead moreOn Thursday night, President Joe Biden launched a frontal assault on Donald Trump and the right’s embrace of creeping authoritarianism. Twelve hours later, the government reported 315,000 new jobs added in August and stunning prime-age labor force participation.Along the way, Trump said he would “very, very seriously” consider January 6 pardons if re-elected, and bragged of giving financial assistance to some of the insurrectionists. As each day passes, the Republican nexus to law, order and democracy grows more tenuous. Meanwhile, the summer’s special elections and the latest polls portray the Democrats with the wind in their sails.Alaska announced the election of Democrat Mary Peltola to Congress and the defeat of Sarah Palin, the state’s former governor and 2008 Republican vice-presidential nominee. A week earlier, a Democrat pulled off an upset for a vacant House seat in rural upstate New York.The supreme court’s evisceration of abortion and privacy rights, a sharp drop in gasoline prices, and Trump’s latest legal drama have resurrected Biden’s ratings and the Democrats’ chances. The latest Quinnipiac poll gives them a four-point edge on the generic ballot, placing Nancy Pelosi within striking distance of retaining control of the speaker’s gavel.A separate Wall Street Journal poll showed Democrats now leading among independents.Earlier this year, “Republicans were cruising, and Democrats were having a hard time,” Tony Fabrizio, a Trump pollster told the Journal. “It’s almost like the abortion issue came along and was kind of like a defibrillator to Democrats.”As if to prove his point, Republicans are now scrapping references online to Trump and abortion. Blake Masters, the Republican Senate challenger in Arizona, removed language from his website in which he described himself as “100% pro-life”.For the record, Masters garnered Trump’s endorsement during the Republican primary and a bucketful of bucks from Peter Thiel. Thiel once publicly lamented extending voting rights to women and minorities.“Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women – two constituencies that are notoriously tough for libertarians – have rendered the notion of ‘capitalist democracy’ into an oxymoron,” he wrote in 2009.In a similarly benighted spirit, Herschel Walker, another Trump favorite, branded inflation a women’s issue. “They’ve got to buy groceries,” Walker, a Republican Senate candidate in Georgia, said. On top of his Heisman trophy and football rushing records, Walker holds a record of alleged domestic violence.Also count on Trump’s mishandling of top secret and classified documents to grab headlines in the run-up to election day. Mitch McConnell and Kevin McCarthy, the Republican would-be Senate majority leader and would-be House speaker, respectively, cannot be happy.According to the inventory filed with the court, the FBI search netted dozens of empty folders with “Classified” banners, together with seven documents marked “Top Secret”. Whether Trump retained copies of the President’s Daily Briefing, one of the crown jewels of the intelligence community, is an active and open question too.To be sure, Trump caught a break on Labor Day. A federal judge granted his motion to appoint a special master to weigh claims of executive and attorney-client privilege. The court also enjoined prosecutors from proceeding with their review of documents.At the same time, the court made clear that it would not interfere with the assessment being conducted by the director of national intelligence. An appeal by the government is likely – as is ensuing delay.And then there is Newt Gingrich. He’s back. The disgraced former House speaker may have played an outsized but behind-the-scenes role in Trump’s efforts to cling to power, according to the January 6 committee.“Some of the information we have obtained includes email messages that you exchanged with senior advisers to President Trump and others, including Jared Kushner and Jason Miller, in which you provided detailed input into television advertisements that repeated and relied upon false claims about fraud in the 2020 election,” Bennie Thompson, the committee chairman, wrote Gingrich.Once upon a time, Gingrich, a former Georgia congressman, was in the line of presidential succession, right behind vice-president Al Gore. According to the Federal Elections Commission, the Gingrich 2012 campaign remains more than $4.6m in debt. As Business Insider put it, “No presidential campaign from any election cycle owes creditors more money.”“Don’t be measuring the drapes,” Representative Tom Emmer, head of the national Republican campaign committee, recently advised colleagues. “This isn’t the typical midterm that we’re talking about.”
    Lloyd Green served in the Department of Justice from 1990 to 1992
    TopicsUS politicsOpinionJoe BidenDemocratsUS CongressBiden administrationDonald TrumpcommentReuse this content More

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    Five key takeaways from Biden’s speech on the threat to democracy

    AnalysisFive key takeaways from Biden’s speech on the threat to democracyMaanvi SinghIn a rare primetime address, Biden pitched the midterms as a battle for the nation’s soul and directly called out Trump A more aggressive tone on Trump and “Maga” RepublicansJoe Biden – who usually makes couched references to “the former guy” and his “predecessor” – explicitly named and called out Donald Trump during his speech. The president warned that Trump and the “Maga (Make America great again)” Republicans “represent an extremism that threatens the very foundation of our republic”.With the stipulation that “not every Republican” is an extremist, he went on to directly address the grip his predecessor still holds over the party, saying: “There’s no question that the Republican party today is dominated, driven and intimidated by Donald Trump.” He even made reference to the commotion surrounding the Justice Department’s discovery that Trump was holding on to classified documents at Mar-a-Lago – something he’s largely avoided discussing. Biden’s directness tonight was a culmination of a new, aggressive approach he’s taken recently in aiming to marginalize and Trump’s agenda.An appeal to America’s better natureBiden planned to evoke a battle for “the soul of the nation”, and throughout his address he aligned himself with the founding ideals of the country – casting Trump and extremist Republicans as an existential threat to the nation.Speaking in front of Philadelphia’s Independence Hall – where the Declaration of Independence and the US constitution were signed – Biden began his speech with the words: “I speak to you tonight from sacred ground.” Backlit in red, white and blue, and welcomed on and off stage by a Marine band playing anthems from the 1800s, it was a night that leaned heavily on patriotism. “America is an idea,” he said at one point, flanked by Marines at parade rest. “The most powerful idea in the history of the world.”“I know your hearts. And I know our history,” he said, addressing the “American people”. “This is a nation that honors our constitution,” he said.02:58A campaign pitch to the American peopleThe speech tonight was billed as an official address, but it also had the feel of a campaign appeal. Biden touted his and Democrats’ policy goals – urging Americans to “vote, vote, vote”.During a rare optimistic segment in what an otherwise dark speech, Biden touted his administration’s progress on healthcare, combatting climate change and addressing the Covid-19 pandemic. “I’ve never been more optimistic about America’s future,” he said. “We’re going to end cancer as we know it. We’re going to create millions of new jobs in the clean energy economy. We’re going to think big, we’re going to make 21st century another American century.”Threat of election deniers looms largeThe president issued stern warnings that the integrity of American elections was vulnerable. Condemning Trump and other Republicans who have denied the legitimacy of the 2020 elections – and have threatened to do so in the midterms – Biden asked Americans to join him in resisting election misinformation and the rollback of voting rights.“We can’t let the integrity of our elections be undermined,” he said. “We can’t allow violence to be normalized in this country,” he added, referencing the January 6 insurrection.A missed opportunity?Biden may have missed a chance to highlight the public’s outrage over the supreme court’s decision to revoke the constitutional right to abortion. The issue energized Democrats ahead of the midterm, and abortion rights advocates have expressed frustration at Biden and other Democrats for not speaking more directly and forcefully about it.Biden did mention that “Maga Republicans” want to take the country “backwards to an America where there is no right to choose. No right to privacy. No right to contraception.” But he lost a chance to directly play the issue up as an urgent example of rights at stake.TopicsJoe BidenUS politicsDemocratsRepublicansBiden administrationnewsReuse this content More