Playbook PM: The escape hatch that could bail out Congress

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Aug 04, 2020 View in browser
 
POLITICO Playbook PM

By Anna Palmer, Jake Sherman, Eli Okun and Garrett Ross

Presented by Facebook

IF YOU WEREN'T ENJOYING THIS EPISODE OF CRISIS LAWMAKING ENOUGH, there's another one coming up in 57 days when government funding expires. Sure, you can tell us it'll be easy -- and it might be! -- but it also might not be. Unemployment is sky high, a thousand Americans or so are dying each day, and Congress has been treading water for two weeks on a relatively straightforward coronavirus package. So, as the kids say, don't @ me.

SEN. RICHARD SHELBY (R-Ala.) suggested there might be an escape hatch -- something Playbook readers will be familiar with, since we have floated it a few times: He hinted that just maybe, Washington -- the White House and Capitol Hill -- will decide to wrap government funding into this Covid package, if it ever comes together. That would let Congress off the hook for next month's looming funding crisis. "It could," he told the Hill pool, via Bloomberg's ERIK WASSON, "but it's still a little early for a CR."

QUOTE OF THE DAY … SHELBY was asked if MARK MEADOWS could close a deal: "I don't know. This is his first big deal. We'll see." (h/t Hill pool)

SPEAKER NANCY PELOSI, NOT MOVING … CNN'S MANU RAJU (@mkraju): "New - Pelosi told me she still wants a stimulus deal this week. Asked if she has an idea on the price tag she's willing to settle for, Pelosi said: 'Yeah, $3.4 trillion.' Asked if it's feasible to get a deal this week, she said: 'At some point you just have to freeze the design.'"

-- REMINDER: Stay tuned -- we'll have more news on Covid negotiations in the next few hours, as MEADOWS and Treasury Secretary STEVEN MNUCHIN come to Capitol Hill for meetings with Republicans and Democrats.

YOWZA … @maggieNYT: "Potus pronounces Yosemite as 'yo-Semites' at White House event." Video of the flub WSJ on the National Parks overhaul

QUARANTINE, OVER! -- "Trump national security adviser returns to the White House," by Daniel Lippman: "Robert O'Brien, President Donald Trump's national security adviser, is returning to work at the White House following a mild case of the coronavirus, according to an administration official.

"O'Brien is resuming in-person duties on Tuesday, having been cleared by doctors after two negative tests in a row and a week of being asymptomatic. During his self-isolation period, O'Brien worked remotely from his house, which has a secure facility that lets him view classified information."

Good Tuesday afternoon. Welcome! TERESA WILTZ is joining POLITICO as a politics editor with a focus on race and identity. She currently covers welfare, housing and social services for Pew's Stateline.

 

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TESTING LATEST -- "Trump nursing home plan limits supply of free COVID-19 tests," by AP's Ricardo Alonso-Zaldivar: "The Trump administration's plan to provide every nursing home with a fast COVID-19 testing machine comes with an asterisk: The government won't supply enough test kits to check staff and residents beyond an initial couple of rounds.

"A program that sounded like a game changer when it was announced last month at the White House is now prompting concerns that it could turn into another unfulfilled promise for nursing homes, whose residents and staff represent a tiny share of the U.S. population but account for as many as 4 in 10 coronavirus deaths, according to some estimates." AP

HUNT FOR A VACCINE -- "Covid-19 Vaccine Front-Runners Impress Investors, but Concerns Exist," by WSJ's Gregory Zuckerman and Joseph Walker: "Investors are growing more convinced Covid-19 vaccines will work. They aren't as sure shares of vaccine companies can keep soaring. The investors, along with analysts and others scrutinizing the results from early trials, say the most advanced vaccine candidates didn't cause serious side effects and helped produce antibodies that may be sufficient to defend against the virus.

"So far, vaccines based on the newest technology — known as messenger RNA—appear to be performing best at eliciting antibodies that can potentially neutralize the coronavirus and prevent it from hijacking human cells, investors and analysts say. … The early-stage studies that have produced results so far weren't designed to show whether the vaccines truly protect people from Covid-19 — only to test safety and immune responses." WSJ

MEANWHILE, IN NEW YORK -- "N.Y.C. Health Commissioner Resigns After Clashes With Mayor Over Virus," by NYT's J. David Goodman: "New York City's top public health official, Dr. Oxiris Barbot, resigned on Tuesday in protest over her 'deep disappointment' with Mayor Bill de Blasio's handling of the coronavirus outbreak and subsequent efforts to keep the outbreak in check. Her departure came after escalating tensions between City Hall and top Health Department officials, which began at the start of the city's outbreak in March, burst into public view." NYT

MORE MAIL-IN MESS -- "Michigan ballots tangled in mail delays in advance of Tuesday primary," by WaPo's Elise Viebeck and Kayla Ruble: "Mail problems marred the delivery of absentee ballots in Michigan in the run-up to Tuesday's primary in the state, testing election administrators and ramping up fears of political pressure on the U.S. Postal Service just three months before Nov. 3.

"Across the state, where polls opened Tuesday at 7 a.m., some voters reported not receiving their absentee ballots with just days left before the vote for several congressional primaries, as well as state and local offices. Election officials advised those who had to submit their absentee ballots in person at election offices or dropboxes by 8 p.m. Tuesday, rather than risk delayed delivery by the Postal Service." WaPo

 

POLITICO'S "FUTURE PULSE" - THE COLLISION OF HEALTH CARE AND TECHNOLOGY : As the United States remains stuck in a screening crisis, a worldwide competition has been launched to find the top Covid-19 rapid testing solutions. The contest aims to find a system with a painless sample and quick turnaround for results. When will a breakthrough come? From Congress and the White House, to state legislatures and Silicon Valley, Future Pulse spotlights the politics, policies and technologies driving long-term change on the most personal issue for voters: Their health. SUBSCRIBE NOW.

 
 

HMM … THE DAILY BEAST'S LACHLAN MARKAY: "Trump Adm Bails Out Charter Jet Firm That Helps Deport Migrants": "In April, Immigrations and Customs Enforcement, a division of the Department of Homeland Security, increased its payments under a contract awarded in 2017 to Classic Air Charter, a company that subcontracts chartered deportation flights out of the country, primarily to Mexico and Central and South America, but also, more recently to other regions.

"ICE attributed the price hike to the novel coronavirus. The increase swells the already high cost that the federal government pays to fly undocumented immigrants out of the country. The two awards to Classic Air under its ICE contract since the pandemic began, each for $50.7 million, were the largest it's received under the contract since it was inked three years ago. The next largest, for $46.6 million, came in May 2019, but prior to the coronavirus pandemic, ICE awards under the contract averaged just $12.7 million." Daily Beast

IMAGINE THIS HEADLINE FOUR YEARS AGO … REUTERS: "Pompeo, Taliban negotiator discuss Afghan peace process," by Jonathan Landay: "U.S. Secretary of State Mike Pompeo held a video meeting on Monday with the Taliban's chief negotiator, Mullah Baradar Akhund, to discuss the state of the Afghanistan peace process, an insurgent spokesman said.

"The discussions included the issue of Taliban prisoners whose release by the Afghan government the insurgents are demanding, Suhail Shaheen, the Taliban spokesman in Doha said on Twitter. The Taliban want the prisoners freed before they join talks with government officials and other Afghans on a political settlement to decades of war." Reuters

REMEMBER THIS GUY? -- "FBI raids offices at downtown One Cleveland Center building tied to Ukrainian oligarch," by The Plain Dealer's John Caniglia and Eric Heisig: "FBI agent Vicki Anderson said agents searched the offices of the Optima Management Group at One Cleveland Center. Optima is a conglomerate of companies across the United States that has interests in real estate in Cleveland, including One Cleveland Center and the 55 Building on Public Square.

"Anderson said agents also have served search warrants in Miami. Authorities in Cleveland have been conducting a wide-ranging probe involving Ukrainian oligarch Igor Kolomoisky that has been ongoing for quite some time. Kolomoisky is a principal of the Privat Group, a large Ukrainian business company, and principals of the company are also part of Optima."

KNOWING CHAD WOLF -- "The Arc of Homeland Security Bends Toward Trump. Chad Wolf Bends With It," by NYT's Zolan Kanno-Youngs and Jesse McKinley: "[Acting DHS Secretary Chad Wolf's] initial post at the federal government's newly created Transportation Security Administration, within the Department of Homeland Security, was aimed at stopping terrorists from again exploiting the nation's commercial aviation industry to kill Americans.

"But as Mr. Trump has bent the department's focus to match his own, Mr. Wolf has bent with it, including on travel bans, illegal immigration, domestic protests and the protection of federal property. That shift has caused even some former Department of Homeland Security officials as well as members of Congress to question whether in their haste to create the agency, they neglected to include safeguards to prevent a campaigning president and a compliant homeland security chief from using the department's arsenal to fulfill their political ambitions." NYT

 

BECOME A CHINA WATCHER : Tensions between the U.S. and China continue to rise following the shuttering of China's consulate in Houston. Is it possible for the two countries to hit the "reset" button or is that just a pipe dream? Join the conversation and gain expert insight from informed and influential voices in government, business, law, tech and academia. China Watcher is as much of a platform as it is a newsletter. Subscribe today.

 
 

SEAT TO FILL -- "McCarthy leaves Intel spot open months after Ratcliffe confirmation," by Martin Matishak and Melanie Zanona: "House Minority Leader Kevin McCarthy is taking his time deciding who should replace former Rep. John Ratcliffe — now the Director of National Intelligence — on the prestigious panel, according to sources familiar with the California Republican's thinking, and a pick isn't expected anytime soon. President Donald Trump tapped Ratcliffe to be the nation's spy chief five months ago, and the Senate confirmed him in May.

"McCarthy's selection will surely create some sore feelings in the conference as dozens of House Republicans are vying for a spot on the panel, despite it becoming a hotbed for some of Capitol Hill's most public partisan brawls the last few years, culminating with the president's impeachment. … With two more Republicans on the panel set to retire, the committee — the smallest one in the House with 21 total current members — could undergo a revamp." POLITICO

FOR YOUR RADAR -- "Iran abducted California man while in Dubai," by AP's Jon Gambrell in Dubai, United Arab Emirates: "A California-based member of an Iranian militant opposition group in exile was abducted by Iran while staying in Dubai, his family said Tuesday. The suspected cross-border abduction of Jamshid Sharmahd appears corroborated by mobile phone location data, shared by his family with The Associated Press, that suggests he was taken to neighboring Oman before heading to Iran.

"Iran hasn't said how it detained Sharmahd, though the announcement came against the backdrop of covert actions conducted by Iran amid heightened tensions with the U.S. over Tehran's collapsing nuclear deal with world powers. Iran accuses Sharmahd, 65, of Glendora, California of planning a 2008 attack on a mosque that killed 14 people and wounded over 200 others, as well as plotting other assaults through the little-known Kingdom Assembly of Iran and its Tondar militant wing." AP

YEEZUS WALKS … OR RUNS? -- "Kanye West withdraws petition to get on NJ's 2020 ballot," by AP's Mike Catalini in Trenton, N.J.: "Kanye West withdrew his petition to appear as a presidential candidate on New Jersey's ballot, according to an email chain between a judge and what appears to be the rapper's campaign email address.

"In email correspondence obtained by The Associated Press, an unidentified person writing from a Kanye 2020 address tells Administrative Law Judge Gail Cookson that West is dropping his effort to appear on New Jersey's ballot." AP

VALLEY TALK -- "Silicon Valley is losing the battle against election misinformation," by Mark Scott and Steven Overly: "Social media companies are struggling with an onslaught of deceptive and divisive messaging from political parties, foreign governments and hate groups as the months tick down to this year's presidential election, according to more than two dozen national security policymakers, misinformation experts, hate speech researchers, fact-checking groups and tech executives, as well as a review of thousands of social media posts by POLITICO.

"The tactics, many aimed at deepening divisions among Americans already traumatized by a deadly pandemic and record job losses, echo the Russian government's years-long efforts to stoke confusion before the U.S. 2016 presidential election, according to experts who study the spread of harmful content. But the attacks this time around are far more insidious and sophisticated — with harder-to-detect fakes, more countries pushing covert agendas and a flood [of] American groups copying their methods." POLITICO

MEDIAWATCH -- "Comcast Corp.'s NBCUniversal Unit Begins Layoffs Across Its Entertainment Portfolio," by WSJ's Joe Flint: "NBCUniversal has begun making staff cuts across its entertainment portfolio including its sports and cable channels, broadcast networks, movie studio and theme parks, according to people familiar with the matter."

 

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Extra Crunch Tuesday: The essential revenue software stack

Extra Crunch Newsletter
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Tuesday, August 04, 2020 By Walter Thompson

Welcome to Extra Crunch Tuesday

Welcome to Extra Crunch Tuesday image

Image Credits: Dougal Waters / Getty Images

In just a few months, the COVID-19 pandemic forced marketing, sales and growth managers to identify and adopt best practices and tools that could bridge the gaps created by working remotely.

To create this essential revenue software stack, startups require four interconnected core capabilities:

  • Revenue enablement
  • Sales engagement
  • Revenue operations
  • Conversational intelligence

Revenue teams are under tremendous pressure to perform, which means there’s real urgency around boosting productivity and efficiency. If you’re looking for a better way to manage through the uncertainty, start here.

Thanks for reading — I hope you have a great week.

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

Read more

Is the 2020 SPAC boom an echo of the 2017 ICO craze?

Is the 2020 SPAC boom an echo of the 2017 ICO craze? image

Image Credits: Nigel Sussman

Electric truck company Lordstown Motors and Paya, a fintech startup, are two of the latest private firms to merge with a SPAC (special purpose acquisition company).

The move will allow Lordstown to list on the Nasdaq after it joins hands with DiamondPeak Holdings. Paya, which hasn’t taken any venture funding, plans to merge with FinTech III.

Data suggest that firms following this path don’t fare well over the long term, “but that historical stigma isn't stopping a flow of SPACs taking private companies public this year,” wrote Alex Wilhelm in yesterday’s edition of The Exchange.

Read more

Annual Extra Crunch members save 20% on Disrupt passes — September 14 - 18, 2020

Sponsored by TechCrunch

Claim your discount now to get one free day at our virtual conference next month!

Read more

SaaS securitization will disrupt VC's biggest returns this coming decade

SaaS securitization will disrupt VC's biggest returns this coming decade image

Image Credits: Cadalpe / Getty Images

Although SaaS investors have done very well over the last decade, “the gargantuan returns we are seeing today… are unlikely to repeat themselves,” suggests Managing Editor Danny Crichton.

“High valuations are hitting the SaaS investment market hard right now,” but what if a cash-strapped enterprise company could take on debt that’s tied to its recurring revenues?

Suddenly, a fast-growing company with a low churn rate and reliable customers “could have access to even more debt capital than with traditional loans,” Danny concludes.

Read more

Amid pandemic, returning to offices remains an open question for tech leaders

Amid pandemic, returning to offices remains an open question for tech leaders image

Image Credits: Luis Alvarez / Getty Images

Enterprise reporter Ron Miller spoke to an infectious disease expert, a government official and several tech executives to get their thoughts about what the world needs to look like before we can go back to our desks.

“Most couldn't see returning to the office beyond a small percentage of employees this year,” he found.

Read more

Extra Crunch Live: Join fintech legend Max Levchin for a live Q&A on August 6 at 4pm ET/1pm PT

Extra Crunch Live: Join fintech legend Max Levchin for a live Q&A on August 6 at 4pm ET/1pm PT image

Image Credits: Affirm

If you’re busy on Thursday and can’t join our live Q&A with entrepreneur and investor Max Levchin, don’t worry — you can watch or listen to the entire conversation afterwards on Extra Crunch.

But if you tune in live, you’ll have a chance to ask a direct question.

Host Ingrid Lunden will moderate our hour-long conversation, which is open to Extra Crunch subscribers. To get the Zoom link and add the chat to your calendar, click through or join today.

Read more

How one moonshot VC approaches investing in the COVID-19 era

How one moonshot VC approaches investing in the COVID-19 era image

Image Credits: Hoang Nguyen

When Playground Global CTO and co-founder Peter Barrett joined us last week on Extra Crunch Live, the novel coronavirus was (naturally) a recurring theme.

“One thing that underscores this pandemic is a realization that we need to be doing other things if we want to avoid being stuck inside for six months to a year,” Barrett said.

Founders and investors are reconsidering their priorities, he said, adding that he’s now looking more closely at long-term plays like life sciences and quantum computing, as well as nearer-term companies in logistics, automation and delivery.

“If you're an entrepreneur, I think a dating app looks less appealing than contributing in some way.”

Read more

Even as cloud infrastructure growth slows, revenue rises over $30B for quarter

Even as cloud infrastructure growth slows, revenue rises over $30B for quarter image

Image Credits: Getty Images

Spending on cloud infrastructure slowed in Q2 2020, but it still topped $30 billion for the first time.

Ron Miller dug into the numbers for the big three vendors — Google, Microsoft and Amazon — and found that the COVID-19-fueled digital transformation “has caused the dollars spent to increase in a fairly dramatic fashion, and the numbers keep going up.”

Read more

Tech at Work: Amazon caravan protest, Genderify's algorithmic bias and using 'BIPOC'

Tech at Work: Amazon caravan protest, Genderify's algorithmic bias and using 'BIPOC' image

Image Credits: Spencer Platt / Getty Images

In her latest Tech at Work column, Megan Rose Dickey covered a recent work action taken by Amazon employees in the Bay Area who pressured the company to close their warehouse “for a thorough cleaning.”

According to Amazon worker Adrienne Williams, “they are having COVID cases reported and they're not being truthful about how many, and they're not being reported right away.”

Amazon told TechCrunch that it’s doing everything in its power to make workers are “as safe as possible,” but the protest spotlights how workplace safety is reshaping e-commerce.

Also: why algorithmic bias got an app yanked, and a better understanding of the term “BIPOC.”

Read more

Read more stories on TechCrunch.com

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Former UTV presenter Brian Black dies after car plunges into Strangford Lough

Co Down shops close after staff test positive for coronavirus
 
 
     
   
     
  Aug 4, 2020  
     
 

Breaking News: Former UTV presenter Brian Black dies after car plunges into Strangford Lough


Dear reader

Over 500 people have signed a petition urging the Stormont Executive not to introduce mandatory face masks in Northern Ireland shops. 

Those behind the petition say that the Executive would be breaching human rights legislation if it followed the strong recommendation of Health Minister Robin Swann and made face coverings compulsory. 

There might not have been a coronavirus-related death recorded by the Department of Health for three weeks here, but the virus continues to cause disruption. Two shops in Co Down confirmed they had to close temporarily after members of staff tested positive for Covid-19

Meanwhile a popular bar in Castlewellan, Co Down, Mulhollands Sport Bar, which had closed because of a Covid-19 scare, has now reopened after all staff tested negative for the virus. 

Stay safe

Alistair Bushe
Editor

 

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Signing up will get you faster-loading articles, fewer adverts and access to exclusive content and events when we run them. To learn more, visit our Subscriptions page here.

 
     
  Co Down shops close after staff test positive for coronavirus  
     
  Two shops in Co Down closed temporarily after members of staff tested positive for coronavirus.  
     
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Popular NI bar closed because of COVID-19 scare
 
Northern Ireland has not recorded a single COVID-19 related death in three weeks but the deadly virus continues to disrupt everything from business to education, from meeting with relatives to physical exercise.
 
     
 
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HSENI says Northern Ireland companies meeting Covid guidelines despite 438 complaints
 
More than 400 complaints were made against companies in Northern Ireland in a two-month period during lockdown for breaching coronavirus guidelines.
 
     
 
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Council and ministers endorse strategy to create a 'bolder Belfast'
 
Belfast City Council and Executive ministers have backed an ambitious blueprint aimed at creating "a more attractive, accessible, save and vibrant city centre".
 
     
 
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Covid-19 testing centre opens in Co Antrim town
 
A mobile Covid-19 testing centre has been established in Carrickfergus.
 
     
     
     
   
     
     
     
   
 
 
   
 
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