President Biden has hit the ground running on the trust front, according to an Axios/Ipsos poll conducted Jan. 22-25.
Fifty percent of Americans now have a great or fair amount of trust that the federal government will provide accurate information about the COVID-19 virus.
That’s up 40 percent from the waning weeks of the Trump administration.
More specifically, 58 percent trust Biden for accurate information compared to 27 percent who believe Trump.
Biden has now upped the ante, saying he expects to vaccinate 1.5M Americans per day, up from his original 1M goal. He is promising "herd immunity" by the summer. How about shooting for the Fourth of July?
89-year-old media mogul Rupert Murdoch has been quiet of late, laying low at his Cotswold estate in England during the raging pandemic.
But Roaring Rupert re-emerged via video on Jan. 23, attacking “cancel culture,” which is a pet subject.
He said media needs to confront “a wave of censorship that seeks to silence conversation to stifle debate, to ultimately stop individuals and societies from realizing their full potential.”
Murdoch went on to say social media is creating a “rigidly enforced conformity,” which serves as a “straitjacket on sensibility.” He said, “freedom of speech is being suppressed by this awful woke orthodoxy.”
On cue, Rupert’s New York Post published a front-page op-ed by Missouri Senator Josh Hawley, who tried to "cancel" the election, urging readers to “take a stand on the muzzling of America.”
Give us a break.
Hawley is far from a freedom-of-speech warrior. He’s a rank opportunist who used the fantasy of a “stolen election” in an effort to disenfranchise fellow Americans and advance his political dream of moving into the White House.
Along with Trump, the despicable Ted Cruz and the GOP Sedition Caucus, Hawley is responsible for the mob that stormed the US Capitol, which symbolizes America’s commitment to democracy and freedom of expression, and figurately trampled on the Constitution.
In the aftermath of the Jan. 6 Capitol riot, former Missouri Senator John Danforth put it this way:
"Supporting Josh and trying so hard to get him elected to the Senate was the worst mistake I ever made in my life. Yesterday was the physical culmination of the long attempt (by Hawley and others) to foment a lack of public confidence in our democratic system. It is very dangerous to America to continue pushing this idea that government doesn't work, and that voting was fraudulent."
Forget about cancelling Hawley, the Post should not have provided a high-profile platform for the Senator in the first place.
Wall Street is cheering General Electric as the battered conglomerate reported an upbeat surge in year-end 2020 cash flow following CEO Larry Culp’s “financial de-risking” strategy (e.g., layoffs).
“I think we’ve done a tremendous amount to stabilize and de-risk,” he told the Financial Times. “There’s more to do but that’s a lot of financial de-risking. Hopefully the speculation about our potential demise is fading.”
The rebound in GE’s stock price has triggered a $46.5M bonus for “Lucky Larry,” which drives GE’s union rank & file nuts.
They are outraged by the decision of GE’s board to re-calculate Culp’s 2018 contract so that his bonus went into effect when the price of GE's stock hit $10 rather than the original $19 target. GE currently trades at $11.35. Ka-ching.
A somewhat defensive Culp told the FT that he didn’t take a salary when COVID-19 hit. “I think we all sacrificed,” he said.
The pandemic was good news for GE’s bottom line as its healthcare unit prospered due to the upswing in orders for ventilators and monitors for COVID-19 patients. That somewhat offset the results of the slumping jet engine unit.
GE’s rank and file also isn't exactly pleased with the board’s Jan. 5 decision not to claw back compensation from ex-CEO Jeff Immelt over accounting issues and his use of the corporate jet after it wrapped up a three-year investigation.
Immelt didn’t receive a juicy severance package when he left in the middle of 2017. But shed no tears for Jeff, he did collect $8.1M in 2017 comp and $21.3M during 2016.