Daily Bread for 5.7.20 | FREE WHITEWATER
FREE WHITEWATER

Daily Bread for 5.7.20

Good morning.

Thursday in Whitewater will be partly sunny with a high of sixty-three.  Sunrise is 5:39 AM and sunset 8:03 PM, for 14h 24m 06s of daytime.  The moon is full with 100% of its visible disk illuminated.

Today is the one thousand two hundred seventy-sixth day.

 On this day in 1945, General Alfred Jodl signs unconditional surrender terms at Reims, France, ending Germany’s participation in the war. The document takes effect the next day.

Recommended for reading in full —

Robert Faturechi and Derek Willis report On the Same Day Sen. Richard Burr Dumped Stock, So Did His Brother-in-Law. Then the Market Crashed:

Sen. Richard Burr was not the only member of his family to sell off a significant portion of his stock holdings in February, ahead of the market crash spurred by coronavirus fears. On the same day Burr sold, his brother-in-law also dumped tens of thousands of dollars worth of shares. The market fell by more than 30% in the subsequent month.

Burr’s brother-in-law, Gerald Fauth, who has a post on the National Mediation Board, sold between $97,000 and $280,000 worth of shares in six companies — including several that have been hit particularly hard in the market swoon and economic downturn.

A person who picked up Fauth’s phone on Wednesday hung up when asked if Fauth and Burr had discussed the sales in advance.

In 2017, President Donald Trump appointed Fauth to the three-person board of the National Mediation Board, a federal agency that facilitates labor-management relations within the nation’s railroad and airline industries. He was previously a lobbyist and president of his own transportation economic consulting firm, G.W. Fauth & Associates.

Burr came under scrutiny after ProPublica reported that he sold off a significant percentage of his stocks shortly before the market tanked, unloading between $628,000 and $1.72 million of his holdings on Feb. 13 in 33 separate transactions. As chairman of the Senate Intelligence Committee and a member of the health committee, Burr had access to the government’s most highly classified information about threats to America’s security and public health concerns.

 Daniel Beer reviews Putin’s People by Catherine Belton – a groundbreaking study that follows the money:

A groundbreaking and meticulously researched anatomy of the Putin regime, Belton’s book shines a light on the pernicious threats Russian money and influence now pose to the west. Deepening social inequality and the rise of populist movements in the wake of the 2008 financial crisis have “left the west wide open to Russia’s aggressive new tactics of fuelling the far right and the far left”. Kremlin largesse has funded political parties across the continent, from the National Front in France to Jobbik in Hungary and the Five Star movement in Italy, which are united in their hostility to both the EU and Nato. The Kremlin’s “black cash”, former Kremlin insider Sergei Pugachev laments, “is like a dirty atomic bomb. In some ways it’s there, in some ways it’s not. Nowadays it’s much harder to trace.” Putin’s People lays bare the scale of the challenge if the west is to decontaminate its politics.

(Putin’s People will be available for sale on 6.16.20, and Amazon is now taking advance orders for electronic or print copies.)

A Grocery Store at the Epicenter of the Pandemic:

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