Money

$2.25 trillion

Joe Biden's infrastructure proposal prioritizes funds for emerging technologies

President Biden’s newly unveiled infrastructure proposal includes billions of dollars in proposed funding to invest in “technologies of the future,” with a particular focus on ensuring the U.S. can compete on the global stage against countries such as China. The proposed investment package, which totals around $2.25 trillion, proposes that over $180 billion be set aside for enhancing research and development of new and emerging technologies, along with addressing racial and gender inequalities in the fields of science, technology, engineering and math.

Minneapolis

Officer Kimberly Potter who fatally shot Daunte Wright charged with manslaughter

Former police officer Kimberly Potter was charged with second-degree manslaughter on Wednesday after fatally shooting the 20-year-old Black motorist Daunte Wright, officials said. The white former suburban Minneapolis police officer was arrested earlier in the day in relation to the shooting dead of Wright during a traffic stop on Sunday in Brooklyn Center, a suburb of Minneapolis. The killing of Wright ignited days of unrest and clashes between protesters and police. The charge against Potter was filed on Wednesday, three days after Wright was killed.

The far right conspiracy

Facebook knew of Honduran president’s manipulation campaign – and let it go

Facebook allowed the president of Honduras to artificially inflate the appearance of popularity on his posts for nearly a year after the company was first alerted to the activity. The astroturfing – the digital equivalent of a bussed-in crowd – was just one facet of a broader online disinformation effort that the administration has used to attack critics and undermine social movements, Honduran activists and scholars say. Facebook posts by Juan Orlando Hernández, an authoritarian rightwinger whose 2017 re-election is widely viewed as fraudulent.

Champion for Freedom

Republicans ridiculed for gifting Trump ‘Made Up’ tiny bowl award

Donald Trump and his Republican faithful faced ridicule on Monday after Sen. Rick Scott (R-Fla.) posted an image of himself presenting the former president with the so-called “Champion for Freedom” award over the weekend. “President Trump fought for American workers, secured the border, and protected our constitutional rights,” Scott tweeted, alongside the image of himself with Trump holding a ceremonial dish.

Bitcoin

Value of cryptocurrency climbs 5% to record high of $63,000

The value of the cryptocurrency bitcoin has surged to a record high, reaching $63,000. The cryptocurrency, which has risen in value by 450% in the last six months, continued to climb by a further 5% during trading on Tuesday. Bitcoin’s price has more than doubled since the start of 2021. The digital currency has been on a rollercoaster ride in the last year, and was trading at about only $7,000 in April 2020.

Border Crisis

Biden strikes international deal in bid to stop migrants reaching US

The Biden administration has struck an agreement with Mexico, Guatemala and Honduras to temporarily increase border security in an effort to stop migrants from reaching the US border. The agreement comes as the US saw a record number of unaccompanied children attempting to cross the border in March, and the largest number of Border Patrol encounters overall with migrants on the southern border – just under 170,000 – since March 2001.

George Floyd trial

Brother Philonise breaks down on the stand: he ‘was the leader in our house’

George Floyd’s younger brother broke down in tears on the stand Monday as he recalled seeing his sibling for the last time at their mother’s funeral in 2018. “George just sat there at the casket... He would just say ‘mama, mama,’ over and over again,” Philonise Floyd, 39, told jurors in Hennepin County court on Monday. “And I didn’t know what to tell him, because I was in pain, too. We all were hurting. And he was just kissing her, and just kissing her. He didn’t want to leave the casket.” Two years later, his older brother died.

Caron Nazario

Officer who handcuffed and pepper-sprayed black army lieutenant is fired

When a patrol car activated its siren and emergency lights behind Caron Nazario in December, the Army lieutenant says he was reluctant to immediately pull over. That stretch of road, just west of Norfolk, Va., was dark, and there didn't seem to be anywhere to stop safely.

Black Lives Matter

Daunte Wright shot dead by cops outside Minneapolis during a traffic stop

The officer who killed a young Black man during a traffic stop outside Minneapolis on Sunday accidentally fired her gun instead of a Taser during the arrest, the Brooklyn Center police chief said Monday afternoon. “This was an accidental discharge that resulted in the tragic death of Mr. [Daunte] Wright,” Brooklyn Center Police Chief Tim Gannon said during a Monday press conference where body-camera footage of the shooting was released. He noted that the “very senior officer” involved shouted “Taser, Taser!” during the arrest, apparently unaware that she’d pulled out her handgun.

Republican Party

Republicans not pleased with Trump's verbal attacks in Mar-a-Lago speech

Several Republican leaders on Sunday expressed concern at incendiary comments made by former President Donald Trump during a speech Saturday night at a Republican National Committee donor retreat. “Anything that's divisive is a concern and is not helpful for us fighting the battles in Washington and at the state level,” Arkansas Gov. Asa Hutchinson said on CNN’s “State of the Union.” “In some ways, it's not a big deal, what he said, but, at the same time, whenever it draws attention, we don't need that. We need unity.”

The far right conspiracy

Tommy Robinson asked wealthy US backers to help him claim asylum

The anti-immigration activist Tommy Robinson asked wealthy American backers to help him claim asylum in the US, the Guardian has learned, while his team approached the Republican senator Ted Cruz’s office about securing a visa. Court documents released in the US show the English Defence League founder discussed moving his family to Texas in 2019, where he would earn money by speaking at venues “including evangelical churches”.

The Rock for president?

Dwayne Johnson: I’ll run if the people want it

The professional wrestler turned star actor Dwayne “The Rock” Johnson said on Monday that he would run for US president if he felt he had enough support from Americans. Johnson, 48, one of the highest-paid and most popular actors in the United States, has been flirting with a possible White House bid for several years.

John Boehner

'Unemployed' Trump 'has nothing else to do' but 'cause trouble'

Former Speaker John Boehner (R-Ohio) on Monday said the "unemployed" former President Trump has nothing better to do than stir up trouble following his departure from Washington. "Here's a guy who's unemployed, has nothing else to do but cause trouble. And clearly, it's obvious to me that he's not going away," Boehner said on "The View."

Federico Klein

Judge releases Trump appointee charged in Capitol riot

A federal judge has granted pretrial release to the only Trump administration appointee known to have been charged in connection with the storming of the Capitol during the certification of electoral votes on Jan. 6. U.S. District Court Judge John Bates said he was disturbed by the disloyalty to the country that the former State Department official, Federico Klein, 42, displayed by battling with police as the crowd sought to force its way inside, but the judge said that betrayal did not establish that it was too risky to let Klein out of jail as he awaits trial.

Golf Masters Augusta

Hideki Matsuyama wins with a groundbreaking performance

Leading the final round from start to finish, Hideki Matsuyama of Japan won the 85th Masters on Sunday to become the tournament’s first Asian-born champion and the first Japanese man to win a major golf championship. Matsuyama began the fourth round with a four-stroke advantage and shot a one-over-par 73 on Sunday to finish the tournament at 10 under par, one stroke ahead of the runner-up, Will Zalatoris, a 24-year-old making his Masters debut.

"On the House"

John Boehner finally calls it as he sees it

Ted Cruz is a “reckless asshole” and Michele Bachmann a “lunatic.” Conservative pundits like Sean Hannity and Rush Limbaugh are residents of “Looneyville.” And Donald Trump, pushing a “bullshit” lie that the election was stolen, incited the “bloody insurrection” on Jan. 6 “for nothing more than selfish reasons.”

Voter Suppression

CEOs plan new push on voting legislation

Dozens of chief executives and other senior leaders gathered on Zoom this weekend to plot what several said big businesses should do next about new voting laws under way in Texas and other states.

Fox News

Mike Lindell says he hired investigators to find out why network won’t book him

Mike Lindell, the formerly ubiquitous purveyor of both Donald Trump’s election lies and his own range of My Pillow bedding accoutrements, says he has hired private investigators to find out why he appears to have fallen out of favor with Fox News.

‘Dumb son of a bitch’

Trump attacks McConnell in Republican donors speech in Mar-a-Lago

Donald Trump devoted part of a speech to Republican donors on Saturday night to insulting the Senate minority leader, Mitch McConnell. According to multiple reports of the $400,000-a-ticket, closed-press event, the former president called the Kentucky senator “a dumb son of a bitch”. Trump also said Mike Pence, his vice-president, should have had the “courage” to object to the certification of electoral college results at the US Capitol on 6 January.

Facebook

Trump faces a narrow path to victory against suspension

If former President Donald Trump manages to get back on Facebook and Instagram this month, his win will rest on a series of close calls. Facebook’s oversight board is expected to rule in the coming weeks on whether to uphold or overturn Trump’s indefinite suspension from the platforms, which the company imposed after the Jan. 6 Capitol riots over fears he might incite further violence. So far, the panel of scholars, lawyers and other outside experts has bucked Facebook’s judgment in five of the six decisions it has rendered.

Dan Crenshaw

Texas Republican will be temporarily blind

Rep. Dan Crenshaw will be "effectively blind" for about a month and “off the grid” for the coming weeks after emergency eye surgery, the Texas Republican announced Saturday. Crenshaw, a former Navy SEAL, lost an eye in an IED blast in Afghanistan, which also caused “extensive damage” to his other retina. Within the past few days, Crenshaw said he had begun to experience “dark, blurry spots” that were affecting his sight, after which he went Thursday to an ophthalmologist, where he learned that his retina was in the process of detaching. Crenshaw said the news was “terrifying” and the prognosis “very bad.”

Hunter Biden

The scandal that wasn’t: Republicans deflated as nation shrugs at revelations

Where’s Hunter?
The rhetorical question about Joe Biden’s troubled son was posed time and again by Donald Trump during last year’s US presidential election but never caught fire in the way “Lock her up!” did against Hillary Clinton. Still, when it emerged that Hunter would publish a memoir about his struggle with alcoholism and drug abuse, and give TV interviews to promote it, some foresaw a ticking time bomb under the first 100 days of the Biden administration. It has not turned out that way.

Shortnews

Euro, Gold und Silber

EU-Pakt beflügelt den Markt

Der Euro notiert weiter deutlich über der Marke von 1,15 Dollar. Höchststand seit Januar vergangenen Jahres. Grund: Die Einigung der EU-Staats- und Regierungschefs auf ein riesiges Finanzpaket. Die Preise für Gold und Silber gehen weiter nach oben. Silber markierte den höchsten Stand seit knapp sieben Jahren. Der Preis für eine Feinunze (31,1 Gramm) stieg um 7,6 Prozent auf 22,97 Dollar. Für eine Feinunze Gold wurden in der Spitze mit 1.868 Dollar 1,7 Prozent mehr bezahlt als am Vortag. Damit rückt das Rekordhoch von 1921 Dollar aus dem Herbst 2011 immer mehr in Reichweite.

China

Ölreserven werden zum Machtfaktor

China hat im Juni ein Rekordvolumen von 12,9 Millionen Barrel (159 Liter) Rohöl importiert. In den vergangenen drei Monaten stiegen die Importe im Schnitt um 1,5 Millionen Barrel pro Tag im Vergleich zum gleichen Monat im Vorjahr. China hat im Frühjahr Rohöl zu Tiefstpreisen gekauft. Auf Vorrat. Peking ist bekannt dafür, Öl strategisch einzukaufen und auf steigende Preise zu spekulieren. China verfügt über Lagerbestände, die ausreichen, um den gesamten Ölverbrauch des Landes für fast zwei Jahre zu decken. Schlechte Nachrichten für die OPEC.

Silber

Preis steigt auf höchsten Stand seit 2016

Silber wird immer beliebter. Am Montag stieg der Preis auf den höchsten Stand seit Herbst 2016: Eine Feinunze (31,1 Gramm) des Edelmetalls kostete bis zu 19,70 US-Dollar. Am Terminmarkt stiegen die Preise einiger Kontrakte auf eine künftige Auslieferung des Metalls über die Marke von 20 Dollar. Silber hat in den vergangenen Wochen stärker als Gold zugelegt. Entsprechend ist das Gold-Silber-Verhältnis, das die beiden Preise gegenüberstellt, spürbar gefallen. Es liegt aber immer noch deutlich über seinem längerfristigen Durchschnitt. Ein weiter steigender Silberpreis ist zu erwarten.

Deutsches Vermögen

Börsencrash nagt am Vermögen

Deutsche haben zu Beginn der Corona-Krise in der Summe Milliarden verloren. Vor allem der Kurssturz an den Börsen im März ließ das Geldvermögen der privaten Haushalte im Vergleich zum Rekordwert des Vorquartals um 128 Milliarden Euro oder 2,0 Prozent auf 6.337 Milliarden Euro schrumpfen. Das sagt die Deutschen Bundesbank: Die Vermögensverluste sind "in erster Linie auf die Kursstürze am Kapitalmarkt zurückzuführen, die durch die Pandemie und die Unsicherheit über ihre wirtschaftlichen Folgen ausgelöst wurden."

Poggenpohl

Luxusküchen jetzt in China-Hand

Der Küchenhersteller Poggenpohl kommt in chinesische Hände. Das Unternehmen hatte wegen der Corona-Folgen Insolvenz angemeldet. Der Sanitär- und Küchenarmaturenhersteller Jomoo aus Xiamen wird neuer Eigentümer des deutschen Traditionsunternehmens. Jomoo hat zugesagt, dass der Produktionsstandort in Herford erhalten bleibt. Der Premium-Küchenhersteller beschäftigte zuletzt noch 270 Mitarbeiter. Mitte Juni waren der britische Premiumküchen-Anbieter Lux Group zusammen und die Unternehmerfamilie Wolf als Poggenpohl-Käufer präsentiert worden.