Arizona's Water Drought Reality
A cheeseburger uses a lot more water than a ChatGPT request. Arizona's water is vanishing before AI gets a crack at it, explains Bloomberg Opinion columnist Mark Gongloff. (Source: Bloomberg)
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Fox News
7 minutes ago
- Fox News
Cuomo attacked during debate by fellow Dems for allegedly lying to Congress about COVID nursing home scandal
Former New York Gov. Andrew Cuomo was blasted by fellow Democrats running against him to be the next mayor of New York City for lying to Congress, an allegation pushed by Republicans that the Trump administration is currently investigating. Cuomo repeatedly dismissed questions throughout Wednesday night's debate on whether he lied to Congress about his role in drafting a New York State Department of Health report that officials determined had undercounted the number of nursing home deaths during the COVID-19 pandemic. Instead, Cuomo blasted the current investigation as a symptom of partisan politics and insisted the report in question "did not undercount the deaths." "The people died and he still won't answer your questions," Cuomo's opponent, Michael Blake, a former state assemblyman from the Bronx, said after Cuomo failed to provide a straight answer. Blake's retort resulted in one of the debate moderators asking Cuomo once again to respond to the allegations that he lied to Congress about his role in drafting the report that undercounted the number of COVID-19 nursing home deaths. This time, he engaged. "No, I told Congress the truth," Cuomo relented. "No, we did not undercount any deaths," he added. "When they are all counted, we're number 38 out of 50, which I think, shows that compared to what other states went through, we had it first and worst, and that only 12 states had a lower rate of death – we should really be thanking the women and men who worked on those things." "It's just a yes or no question," the moderator shot back at Cuomo. "Were you involved in the producing of that report?" However, Cuomo still did not address the question directly, leading to laughter from his opponents. "It's not only that Andrew Cuomo lied to Congress – which is perjury – he also lied to the grieving families whose loved ones he sent in to those nursing homes to protect his $5 million book deal," said Brad Lander, New York City's comptroller. "That's corruption." Last month, the Trump administration's Department of Justice opened a criminal investigation to get to the bottom of whether Cuomo lied to Congress about the decisions he made during the COVID-19 pandemic while serving as governor. In March 2020, Cuomo issued a directive that initially barred nursing homes from refusing to accept patients who had tested positive for COVID-19. The directive was meant to free up beds for overwhelmed hospitals, but more than 9,000 recovering coronavirus patients were ultimately released from hospitals into nursing homes under the directive, which was later rescinded amid speculation that it had accelerated outbreaks. Subsequently, a report released in March 2022 by the New York state comptroller found Cuomo's Health Department "was not transparent in its reporting of COVID-19 deaths in nursing homes" and it "understated the number of deaths at nursing homes by as much as 50%" during some points of the pandemic. New York Attorney General Letitia James similarly released a report amid the pandemic showing New York state nursing home deaths had been undercounted.
Bloomberg
10 minutes ago
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Why the ‘TACO' Trade Is Tempting Investors Amid US-China Talks
On May 30, US President Donald Trump accused his Chinese counterpart, President Xi Jinping, of breaking a trade truce that brought down tariffs from extreme highs in early May. Investors saw the writing on the wall: tariffs would spike again, hurting the economy. Stocks fell more than 1%. But later the same day, Trump said he'd have a conversation with Xi, and optimism – and stock prices – were restored. When the call finally happened on June 5, the S&P 500 Index again briefly surged. The early months of Trump's second term have been marked by this pattern: The president threatens to impose sky-high tariffs and stocks tumble, then he relents and markets recover. Wall Street has learned to capitalize on this by buying into the S&P 500 when it first drops, anticipating the president will backtrack on tariffs and send markets higher.
Forbes
12 minutes ago
- Forbes
Trump Should Get The Hint That Xi Just Isn't That Into Him
China's President Xi Jinping (R) and U.S. President Donald Trump. BRENDAN SMIALOWSKIFRED DUFOUR/AFP via Getty Images Xi Jinping probably doesn't know whether to be flattered or aggrieved by Donald Trump's late-night rantings about the Chinese leader. Sounding more like a jilted ex than a head of state — or a force to reckon with in negotiations — the U.S. president complained Xi is proving 'extremely hard to make a deal with.' Trump, on social media, sounded sincere enough — as if it just dawned on him that Beijing might not be interested in a bilateral trade deal after all. All this raises almost too many questions to pose here. One: Doesn't Trump recall Xi giving him the talk-to-the-hand treatment the first go around from 2017 to 2021? Another: What about Xi's energy, circa 2025, makes Trump think Xi is anxious for another go? Trump, like any wistful ex, is keeping his options open. He prefaced his 2:17 a.m. Washington-time rant with 'I like President Xi of China, always have, and always will, but…' It's time that someone on Trump's staff had the courage to tell him that perhaps the most powerful Chinese leader in many decades just isn't into him and his trade tactics. On one level, Xi can be excused for lacking the bandwidth to deal with Trump World's chaos right now. Even before the Trump 2.0 era started on January 20, Asia's biggest economy was grappling with a massive property crisis that's generating deflation. Xi's Communist Party was already facing weak domestic demand and record youth unemployment. Back in November, when Team Xi assumed Kamala Harris would be the next president, Beijing was struggling to stop the national birthrate from falling. It was mulling ways to address a rapidly ageing population. It was devising bigger social safety nets to encourage China's 1.4 billion people to save less and spend more. Pre-Trump 2.0, Beijing was in the throes of trying to reduce several trillions of dollars of local government debt. Before the latest Trump tariffs, Xi's government was working to shift its growth model away from exports and runaway investment to domestic demand-led growth. It was working to reduce the dominance of inefficient state-owned enterprises. It was endeavoring to increase the use of the yuan in global trade and finance. Team Xi is also contending with a notable increase in in-person protests. Especially factory workers getting stiffed as export growth slows. Now, Trump's tariffs, volatility in the dollar and bedlam in the U.S. Treasury market are sending intensifying headwinds China's way. So, yes, a busy time to be the leader of a giant, unbalanced economy directly in the Trumpian crossfire. And the White House thinks now is a good time to drop everything and do a hasty bilateral trade deal? Trade agreements are wildly complicated affairs in the best of times, taking several months, even years. Hence, Xi's strategy of slow-walking the process, one that's worked so far. Delaying talks is all the more rational given the decent odds U.S. courts will ultimately rule against Trump's claim that presidents have tariff powers. Trump, of course, is desperate for a trade deal, any deal, to try to convince Americans that, see, the tariffs are working. His splashy signing ceremony with London doesn't count, since the U.S. has a trade surplus with the United Kingdom. Japan hasn't been as pliant as Trump seemed to expect. And new South Korean President Lee Jae-myung is more Seoul's answer to Bernie Sanders than a kindred spirit keen to work with Trump World. Europe isn't exactly fertile ground for a win. Why would Trump be threatening 50% tariffs on the EU if concessions were forthcoming from the 550-million-person market? The U.S. Trade Representative sending reminder letters to trading partners so they don't forget about the upcoming deadline for talks is telling in itself. If White House phones were ringing with good offers, such embarrassing letters wouldn't need to be sent. Also, if Trump really believed Xi is ready to make big concessions, why would his team risk a deal by going after Chinese students with a ban on visas? China, meanwhile, knows how news this week that it may place an order for hundreds of Airbus aircraft, not Boeing, will have Trump fuming. Little about the last couple of weeks suggests these two economic giants are about to sit down for nuts-and-bolts trade negotiations in good faith. Trump's late-night post might've been his way of reminding Xi that the two men were supposed to catch up via phone this week. They did indeed talk on Thursday. But it still seems like high time Trump took the hint that Xi just isn't that into his trade deal.
