White House Press Secretary Jen Psaki Asked About New Treasury Secretary Janet Yellen Being Paid $810,000 From Citadel In Speaking Fees

"Are there any plans to have her recuse herself from advising the President on GameStop and the whole Robinhood situation?"

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Last week, @CleCityCouncil started reviewing Mayor Frank Jackson’s proposed city budget for 2021. There was robust discussion, and Documenters were there to cover it. Here’s a thread of what we learned last week about the #CLEBudget

First, it helps to know where we are in the budget process. From today through Feb. 24, the council will meet about the General Fund budget. The council will then agree on a budget with their changes (if any); 15 days after doing so, they can vote to make the budget official.

In other words, there’s still time to use your voice! The #refundcleveland tool can help. Create the #CLEBudget you want and send it to your council member. Click “Change the Budget” on the homepage and follow the on-screen instructions from there.

Want to know the budget basics? Our #CLEBudget primer details the timeline, different types of budgets and the funds involved, and defines budget-related terms. It can be a helpful guide during City Council’s discussions.

And don’t forget: all these meetings are livestreamed on City Council’s YouTube channel. They’re slated to start at 9 a.m. every business day from today through the 24th. You can also follow along with #CLEDocumenters live-tweet threads and

MJ Lee
@mj_lee

New from me and @MarkMorales51: Cuomo said 'he can destroy me': NY assemblyman alleges governor threatened him over nursing homes scandal

Democratic NY Assemblyman Ron Kim told CNN that Gov. Cuomo called last Thursday to “threaten my career if I did not cover up for Melissa [DeRosa] and what she said.” Cuomo also said “I hadn't seen his wrath and that he can destroy me,” according to Kim.

Kim's wife told CNN she overheard parts of the phone call and heard Cuomo say, "Who do you think you are?" as well as the words, "my wrath," and that immediately after the phone call, her husband told her: "The governor threatened to destroy my life."

CNN first reached out to Cuomo's office for comment on TUESDAY. In a written statement, his communications director did not directly respond to or deny Kim's allegation of threats from the governor in a written statement.

Ultimately, Cuomo's office sent another statement from senior adviser Rich Azzopardi late Wednesday morning that said: "Kim's assertion that the governor said he would 'destroy him' is false."

Geoffrey York
@geoffreyyork

South African science was crucial in helping UK discover its new variants; but then the UK govt claimed (wrongly) that the SA variant is more transmissible. No evidence to support this, according to @krisp_news

From the Times article: SA scientists "were the first to recognize the importance of a genetic change in the spike protein, something that allows the virus to attach more easily to human cells, making it more infectious than the original version."

The SA discovery was shared on Dec 4 over the WHO’s Covid-19 Evolution Working Group. “Our British colleagues were able to go back to their own databases and interrogate them as a result of the work we shared,” Richard Lessells, an infectious diseases specialist at Krisp, said.

More from the Times article by @janeflan: "While working on a much smaller budget than their British colleagues, the South African team, experienced with work on HIV, have the skills to decode the genome of viruses."

"They started work on samples of the Covid-19 virus soon after the first cases reached South Africa in March. In October they identified the first example that had changed significantly."

stephen fowler
@stphnfwlr

NEW: the Georgia House Special Committee on Election Integrity is meeting at 3 this afternoon and just added HB 531 - a 48 page omnibus elections bill that proposes a *lot* of changes. #gapol

Here's the text:

First, it would ban county elections offices from receiving outside funding to run elections.

This, after CTCL and Schwarzenegger gave money to both D and R counties in 2020 to help with pandemic.

(although I wonder if the county gov't could take the grant, then disburse?)

Next, it outlines ways that poll workers can serve adjacent counties (currently, you can only work in your county of residence)

This section mirrors an SOS-backed bill from 2020 that would require more machines, more poll workers or splitting up precincts if a 2,000+ person precinct has lines of more than an hour.

More on that proposal: https://t.co/7BfIcrI81q

This is an anti-Fulton County mobile voting bus section

(although I still believe that it's using the wrong code section since the busses are for *early* voting and fall under 21-2-382)

Michael Pettis
@michaelxpettis

1/9

While debt-to-GDP ratios already have a limited but very misunderstood use, it seems economists are finding bright new ways of misunderstanding them. Now we say that when nominal interest rates are lower than nominal growth rates, the

2/9

downward pressure on the debt-to-GDP ratio makes rising government debt and larger government deficits more sustainable and more easily justified.

This is totally confused. When the nominal interest rate is lower than the nominal GDP growth rate, it only means that net...

3/9

borrowers are getting a disproportionate share of growth relative to net lenders. This in and of itself changes the comparability of the debt-to-GDP ratio, so the fact that the ratio may decline tells us nothing about its sustainability which, I'm glad to say, isn't...

4/9

a mistake Olivier Blanchard makes in this article.

At least three things matter. First, whether or not rising debt is sustainable depends almost wholly on underlying conditions in the real economy, and only trivially on the arithmetical relationship between...

5/9

the interest rate and the growth rate. Second, this approach simply assumes away financial distress costs, in which case debt capacity is infinite anyway and the interest rate becomes irrelevant. And third, it assumes that the nominal debt level matters independently...

In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.

In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.

This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.

In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.