FREE WHITEWATER

Daily Bread for 12.21.19

Good morning.

The first day of winter in Whitewater will be mostly sunny with a high of forty-one.  Sunrise is 7:22 AM and sunset 4:24 PM, for 9h 01m 40s of daytime.  The moon is a waning crescent with 23.9% of its visible disk illuminated.

Today is the one thousand one hundred thirty-eighth day.

Recommended for reading in full — 

Catherine Rampell writes Two years later, every promise made about the GOP tax cuts has been broken:

In the fiscal year that recently ended, the deficit once again widened, to nearly $1 trillion. That is 26 percent higher than the deficit in fiscal 2018 and an astounding 48 percent higher relative to 2017, the last full year before the tax cuts were in place.

Yes, the deficit went up partly because spending did. But it has also increased because tax revenue isn’t coming in nearly as strongly as you’d expect during an economic expansion. In fact, thanks to Trump’s tax overhaul, corporate tax revenue is down more than a fifth since fiscal 2017. The Congressional Budget Office has predicted that the legislation overall will end up adding nearly $2 trillion in red ink over a decade.

As you may recall, the tax law’s boosters promised it would pay for itself by supercharging the economy. Just two weeks before signing the bill, Trump foresaw “6 percent growth.” If true, that would have been quite an achievement — roughly triple what independent forecasters predicted for the upcoming decade.

Lisa Kaplan writes The Biggest Social Media Operation You’ve Never Heard of Is Run Out of Cyprus by Russians:

Here’s what I do know: Measured in terms of views and subscribers, it had the third-largest reach of any group of entertainment channels on YouTube in November—outranked only by Disney and WarnerMedia. It is run by Russian nationals and based in and managed from Cyprus, with U.S. operations housed in a shared work space in New York. It funds itself with ad revenues from YouTube and Google worth tens of millions of dollars. And in 2018, it purchased a small suite of Facebook advertisements targeting U.S. citizens on political issues—and it made those purchases in rubles.

….

If you’ve never heard of TheSoul, you’re not alone. The company has built its online empire in relative obscurity. Public coverage of the company in English has been sporadic. In September 2019, Time magazine raved over the company’s traffic and described the “bizarre” content posted by 5-Minute Crafts. Vox likewise posted an article in November 2018 characterizing the channel’s content as “cringey” and “peculiar.” Forbes has noted the lightning-fast rise of TheSoul Publishing and its remarkable traffic, contrasting the apparently anodyne videos with dire-sounding concerns over Russian election interference: “So just what are those Trump loving, Hillary hating Russians promoting ad nauseam on Facebook to fool Americans into voting the way Vladimir Putin wants?” the Forbes article asks, before showing a lengthy video compilation of TheSoul’s crafting suggestions.

….

But here’s the thing: TheSoul Publishing also posts history videos with a strong political tinge. Many of these videos are overtly pro-Russian. One video posted on Feb. 17, 2019, on the channel Smart Banana, which typically posts listicles and history videos, claims that Ukraine is part of Russia.

“Best Illusion of the Year” by the Neural Correlate Society:

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