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Donald Trump’s Georgia Rewrite

Former Presidents and Vice Presidents have told us how psychologically difficult the early months of lost political power can be. We can therefore empathize if former President Trump is frustrated these days, and perhaps that explains his attack on us Thursday over his role in the GOP’s loss of the Senate.
“The Wall Street Journal editorial page continues, knowingly, to fight for globalist policies such as bad trade deals, open borders, and endless wars that favor other countries and sell out our great American workers, and they fight for RINOS that have so badly hurt the Republican Party,” Mr. …

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America Loses a Wise Man

A friend died this week, and I want to try and do him some justice in this pandemic time, with no memorials or gatherings and old social expectations gone down. He was a singular man, a profound presence in many lives, and I keep thinking of the simple old phrase, “the pleasure of his company.”
Vernon Jordan was variously called a civil-rights leader, Washington insider, Wise Man, power broker, deal maker, rainmaker, Wall Street banker and, as an interviewer put it a few years ago in the Financial Times, “the most connected man in America.” He was all those things.

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Democrats Sell Out Their States

Mississippi’s Rep. Bennie Thompson did something remarkable in Wednesday’s House vote to pass H.R.1, the For the People Act. He was the sole Democrat to vote for his state.
Republicans are describing the bill, which would impose voting requirements on the states, as a federal “power grab.” It’s better described as a surrender. Democrats are selling out their own states’ interests.
The left and the media describe H.R.1 as a “voting rights” and “campaign finance” reform. It’s actually an unprecedented federal effort to dictate state voting rules. The bill would strip states of their …

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Oil Prices Rally as Cold Blast Hits Texas

Frigid temperatures across swaths of the U.S. injected new momentum into the rally in energy markets Monday, boosting demand for fuel and power while threatening oil-and-gas production in Texas.
Brent-crude futures, the benchmark in international energy markets, rose 1.4% to $63.30 a barrel, their highest level since January 2020. Futures for West Texas Intermediate, the main grade of U.S. crude, rose 1.1% to $60.13 a barrel and futures for natural gas at Henry Hub in Louisiana were up 4.3% at $3.04 per million British thermal units, according to FactSet.
The fresh leg in the energy market’s recovery from the coronavirus shock came as a …

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Universal Music IPO Has One Off-Beat Note

The world’s largest music company is finally going solo, although not in the usual venue.
On Saturday, Universal Music Group’s French owner Vivendi said that it will spin off its music business and list it in the Netherlands later this year. It had already broached the idea of taking the record label that works with Lady Gaga and Taylor Swift public in 2022. Strong investor appetite for music assets since the pandemic began might explain the accelerated timeline. The news sent Vivendi’s share price up one-fifth on Monday.
Once the spinoff is complete, the French company steered by …

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U.S. Stock Futures Edge Higher on Presidents Day Holiday

U.S. stock futures edged higher Monday, following the major indexes’ climb to close at record highs last week.
Futures tied to the S&P 500 rose 0.5%, signaling an extension of last week’s muted gains that sent the broad-market index to an all-time high Friday. Contracts linked to the Dow Jones Industrial Average advanced 0.6%. Markets in the U.S. are closed Monday for Presidents Day holiday.
Stocks have climbed this year as investors look ahead to additional stimulus spending and an economic recovery as vaccination programs are rolled out around the world. Democrats plan to proceed this week with work …

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Biden’s Rough Start With the World

It hasn’t been the most promising start. Less than a month into Joe Biden’s presidency, and his administration is already engaged in spats with China, Russia and Iran. It is also discovering that U.S. allies are not quite as happy with Mr. Biden’s Feb. 4 announcement that “America is back” as many Democrats might have hoped.
In Asia the administration’s Myanmar policy—imposing sanctions that signal displeasure without materially affecting the army’s ability to rule—has attracted little enthusiasm. On Feb 15, India’s foreign minister hailed Indo-Japanese cooperation on regional infrastructure projects that link Myanmar …

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A Deep Green Freeze

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@WSJopinion

WSJOpinion

Updated Feb. 15, 2021 2:09 pm ET

Oil rigs are seen in a icy landscape near Interstate 20 in Odessa,Texas, Feb. 12.

Photo:

Jacob Ford/Associated Press

Gas and power prices have spiked across the central U.S. while Texas regulators ordered rolling blackouts Monday as an Arctic blast has frozen wind turbines. Herein is the paradox of the left’s climate agenda: The less we use fossil fuels, the more we need them.

A mix of ice and snow swept across the country this weekend as temperatures plunged below zero in the …

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The Times Is Changing, Badly

Untenable was the principle enunciated last week by the New York Times in a kerfuffle over a distinguished reporter who was expelled for uttering the N-word in an innocent discussion of the N-word. Happily for the next victim but not the latest one, the paper has belatedly seen the error of its ways.
Donald G. McNeil Jr. “has done much good reporting over four decades,” said management even as it escorted him out the door. Executive Editor Dean Baquet had previously declined to fire Mr. McNeil over the two-year-old incident, saying it was clear the term hadn’t been uttered …

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Snap Turning Virtual Reality Into Real Money

If you still think of Snapchat as a niche platform for the world’s youth to send one another fleeting selfies of their nether regions, think again. Snap Inc. is expanding in promising new directions.
Social-media stocks have all soared over the past year as the Covid-19 pandemic has forced the world to communicate virtually, but Snap’s performance stands out. Its shares have more than doubled over the past four months, besting both Twitter and Facebook during the news-heavy election season and even outshining Pinterest , which has blossomed into an e-commerce destination with nearly perfect timing.
Snap’s extraordinary …

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