Twenty countries offered new security assistance packages for Ukraine to battle invading Russian forces in a meeting of allies on Monday, US Secretary of Defense Lloyd Austin announced.
The aid is on top of a new $40 billion US assistance package for Ukraine that is thought to include high-precision, long-distance rockets that could be used to hit Russian territory.
Ukrainian officials in Davos, including a group of mayors, on Monday launched an exhibit of photos and video showing alleged war crimes committed by Russian troops.
The site of the exhibit was particularly poignant – the building usually occupied by “Russia House” at the World Economic Forum now has signage on the front entrance calling it the “Russian War Crimes House.”
Future of War Communications: Watching Ukraine, US Special Operations Command Working to Boost Information War Capabilities
President Biden just put NATO together, Europe together and the whole Western alliance together — stretching from Canada up to Finland and all the way to Japan — to help Ukraine protect its fledgling democracy from Vladimir Putin’s fascist assault, columnist Tom Friedman writes after having an off-the-record lunch with President Biden.
In doing so, Biden has enabled Ukraine to inflict significant losses on Russia’s invading army, thanks to a rapid deployment of U.S. and NATO trainers and massive transfers of precision weapons.
What I’m Reading.
Larry Summers on ‘Hipster Antitrust’: Populist Tilt Among US Antitrust Regulators Could Prove Harmful To The Economy
“It’s very important that we have antitrust policy based on facts, based on economic science, based on consumers — not on a kind of generalized feeling of hostility and outrage towards business,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin.
Summers’ “hipster” critique was in response to a Wednesday speech by Jonathan Kanter, head of the Justice Department’s antitrust division, who said “corporate power has grown to levels that leave our fellow citizens concerned and confused.
The JPMorgan CEO said the US economy remains strong, and potential obstacles to growth are not set in stone. “Strong economy, big storm clouds. I’m calling it storm clouds because they’re storm clouds. They may dissipate,” he said at the firm’s investor day event.
Financial News: Bank Stocks Surge on JPMorgan’s Best Day Since November 2020
Christine Lagarde: No Need to Panic on Inflation, ECB Officials Don’t Currently See a Recession
New US Midterm Poll: Democrats Gain 8 Points on Republicans in Generic House Ballot
The pending Roe v. Wade Supreme Court decision appears to be boosting Democrats ahead of the November midterms. Democrats now lead Republicans 47%-to-42% on the generic ballot for the U.S. House, which asks how voters would vote their local congressional district if the election were held today.
Heading to the Polls: Georgia, Texas Incumbents at Risk in Today’s Primary Races
In Georgia, polls close at 7pm Eastern time while polls in Texas close at 7pm Central/8pm Eastern time. Alabama, Arkansas and Minnesota are also among those states with primary races today.
“Technology platforms, such as YouTube, have a responsibility to users and the public at-large to ensure that posts do not incite violence or promote extremist content,” the Everytown for Gun Safety advocacy group wrote last week in a letter to YouTube calling on the company to remove these videos, saying that they violate YouTube’s community guidelines banning videos that show how to install gun accessories like high-capacity magazines.
Return to ‘Normal’: Paris Tourism Returns to Pre-Pandemic Levels With Hotel Occupancy Rising
Platinum Jubilee Arts Preview: How to See the Spectacular Giant ‘Living Sculpture’ Outside Buckingham Palace
The ‘Tree of Trees’, designed by renowned British architect Thomas Heatherwick, is shaping up to be a huge 70ft tree sculpture made from 350 individual saplings to mark the Queen’s 70 years on the throne. The installation reflects the planting of more than one million trees across the UK as part of the Queen’s Green Canopy, an initiative which invites people to “Plant a Tree for the Jubilee”.
Bloomberg Philanthropies is supporting the ‘Tree of Trees’ along with a number of other events around the upcoming Platinum Jubilee events.
Best of Late Night.
“It’s been a rough couple of months for the economy and I saw last week the stock market had one of its worst days in over two years. Stocks fell so fast, the oxygen masks dropped from the ceiling at CNBC.”
— Jimmy Fallon
”Experts say if this keeps up, every Merrill Lynch office is going to become a Spirit Halloween.”
— Jimmy Fallon
”Former President Trump announced he is writing a book titled ‘The Crime of the Century’ about the alleged voter fraud in the 2020 presidential election. Look for it in your bookstore’s ‘Tantrum’ section.”
— Seth Meyers
”According to the latest numbers, a new 28-step staircase that opened at the Times Square subway station cost $30 million. Well at least they finally addressed the complaint that no one had about the subway.”
— Seth Meyers
About the Sheekey Daily Read
I’m always searching for the stories that shine a light on – and offer solutions to – some of the most pressing issues of our time. I started my daily email to capture and share the stories I think are important. Thanks for reading!
– Kevin Sheekey