Tuesday, January 15

ByKevin Sheekey

Brexit D-Day:
-Pound Could Flop If Theresa May’s Deal Loses by More Than 100 Votes
(Bloomberg)
-Four Amendments Threaten to Derail Theresa May’s Brexit Deal (Bloomberg)
-Theresa May Faces Worst Government Defeat in 95 Years in Brexit Vote (Bloomberg)
-Editorial: Reject May’s Brexit and Go Back to Voters (Bloomberg Opinion)
The proposed plan would make the country poorer, weaker and less competitive. It will satisfy no one, confer no benefits, and settle nothing about Britain’s future. It should be voted down — and preparations should start for a second referendum.

Programming note: Votes on amendments begin at 7pm London time with the final vote expected around 8pm local time.

Russia Today:
-As Russia Works to Weaken NATO, Trump Talks of a U.S. Withdrawal (New York Times)
-Chuck Schumer Will Force U.S. Senate Vote Tuesday on Deripaska-Firm Sanctions (Bloomberg)

U.S. Senate Watch: William Barr Expected to Field Questions on Mueller Probe, Independence from Trump at Attorney General Confirmation Hearing (Washington Post)

Climate Today:
-Antarctica is Losing Ice 6 Times Faster Today Than in 1970s
(Washington Post)
-President Trump Can’t Stop U.S. Coal Plants from Retiring (Reuters)
More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican’s efforts to prop up the industry to keep a campaign promise to coal-mining states.

Government Shutdown Alert: Buckle Up Because It Could Get Much Worse (Bloomberg)
Officials from Washington to Wall Street are pondering nightmare scenarios if the partial U.S. government shutdown that is already the longest on record extends into spring — or beyond.

Bank Earnings Watch:
JPMorgan Debt-Trading Revenue Plunges to Lowest Since Crisis
(Bloomberg)

Book Section: The Billionaire (Maybe) Presidential Candidate (New York Times)
Mike Bloomberg’s publisher recently released an updated edition of his 1997 book, “Bloomberg by Bloomberg,” and Andrew Ross Sorkin notes that it offers some nuggets about the roles of government and philanthropy that could become talking points on the campaign trail if he runs for president in 2020:

-“Philanthropy has traditionally been thought of as an alternative to government — and in some cases, it is. But I also see it as a way to embolden government.”

-“There are powerful disincentives working against government innovation, because innovation involves risk, and risk involves the potential for failure. And if there’s one thing that scares politicians — not to mention their political advisers — it’s failure.”

-“The second disincentive working against innovation in government is more understandable: fiduciary duty. As an elected official, you are responsible for spending taxpayers’ dollars wisely, and it can be hard to justify spending the public’s money on an untested idea, especially when budgets are already stretched thin. That’s where philanthropy comes in.”


Best of late night.

“The New York Times revealed that after Donald Trump fired James Comey in 2017, the F.B.I. opened an inquiry into whether Trump was secretly working on behalf of Russia. I think that’s ridiculous: There’s nothing secret about it.”
— Stephen Colbert

“It came out that back in 2017, the F.B.I. started investigating whether Trump was secretly working for Russia. When asked if Trump ever worked for him, Vladimir Putin said, [impersonating Putin] ‘No, he’s more like unpaid intern.’”
— Jimmy Fallon

“Over the weekend, I saw that Washington, D.C., was hit with a big storm and got a foot of snow. The storm showed up and was like, ‘Wait, how is everything already shut down? That’s my job.’”
— Jimmy Fallon

“According to new research, 60 percent of Americans say they plan to get in shape in 2019. And according to newer research, it’s now just 10 percent.”
— Seth Meyers

For more best of late night from the New York Times, click here.