Blinken met with Russian foreign minister for first time since Ukraine war began

US Secretary of State Antony Blinken met with Russian Foreign Minister Sergey Lavrov on Thursday for the first time since the war in Ukraine began more than a year ago.

Tennessee poised to become first state to restrict drag performances in 2023

Tennessee is set to become the first state this year to enact legislation to restrict public drag show performances.

Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results

This post was originally published on this siteThe $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves.

Why did Lori Lightfoot lose her re-election bid?

Lori Lightfoot lost her re-election bid and will not serve a second term as the mayor of Chicago after failing to advance to a runoff election planned for April. There were nine candidates in the mayoral race, including the two top vote earners, Paul Vallas, a former chief executive of Chicago Public Schools, and Brandon Johnson, a Cook County commissioner. Vallas and Johnson are backed by the Fraternal Order of Police and the Chicago Teachers Union, respectively. With nearly 99 percent of the precincts reporting, Lightfoot came in third, with only 17.1 percent of the vote. 
Lightfoot’s loss marked a significant downturn in support from when she was elected in 2019 “by winning every single ward in Chicago, securing almost 75 percent of the vote,” Axios reports. Lightfoot made history as the city’s first Black woman and openly gay mayor, and many hailed her win as a “new, transparent, progressive day for Chicago politics,” Axios continues. However, enthusiasm around her leadership waned over her tumultuous term. In the weeks leading up to the election, “some of her most ardent former supporters publicly backed other candidates.” 
Lightfoot won in 2019 after promising to tackle corruption in City Hall. Still, critics blamed her for an uptick in crime “that occurred in cities across the U.S. during the pandemic and criticized her as being a divisive, overly contentious leader,” The Associated Press writes. Lightfoot is “the first elected Chicago mayor to lose a re-election bid since 1983, when Jane Byrne, the city’s first female mayor, lost her Democratic primary,” AP adds. Following her loss, Lightfoot said serving as Chicago’s mayor was “the honor of a lifetime.” 
What are the commentators saying?
Lightfoot struggled to keep her promises to lower Chicago crime rates and ended up at odds with the Chicago Teacher’s Union, City Council members, and the media. She also “sparred with the police union over overtime scheduling and the city vaccination policy,” The Wall Street Journal reports. 
Some might say that she unluckily took office during a time tainted by “the pandemic, civil unrest triggered by the murder of George Floyd, and the violent crime wave after those demonstrations,” Chicago Sun-Times analyst Fran Spielman writes. But bad timing, Spielman says, doesn’t excuse “Lightfoot’s inability to get along with people and a relationship with the City Council so contentious at least seven members of her own leadership team abandoned ship, endorsing other mayoral candidates.”
Veteran political strategist David Axelrod told Spielman that Lightfoot “favors the clenched fist over the outstretched hand, and when you’re mayor, you need both.” During her term, she “antagonized a lot of people, and those chickens are coming home to roost,” Axelrod said. 
Did Lightfoot’s race play a role in her “spectacular fall,” Charles M. Blow wonders at The New York Times. “Two things can be true simultaneously,” he says: Crime can be on the rise, and it can also be used as “a political wedge issue” against Black officials. “When the perception of crime collides with ingrained societal concepts of race and gender, politicians, particularly Black women, can pay the price.”
What’s next for Chicago?
Lightfoot will serve the remainder of her term, which ends in May. Because none of the nine mayoral candidates earned at least 50 percent of the vote to win outright, Vallas and Johnson, the top two vote earners, will face each other again for a runoff election. “Chicago is in for another month of heavy campaigning before the runoff election on Apr. 4,” Axios says. The remaining finalists “who could court niche voting blocks in the first round, will now have to reach out to the entire city.” 
The remaining mayoral candidates have “starkly different views on policing and education,” The New York Times writes. While campaigning, Vallas called for “bolstering the police force, improving arrest rates for serious crimes, and expanding charter schools.”  After casting his vote, Vallas declared, “The city clearly is in crisis, and people want a crisis manager who can come in and focus on getting things done.” On the other hand, Johnson has “staked out a position to the left of Ms. Lightfoot, at one point suggesting that he agreed with the movement to reduce funding to police departments, though he later backtracked.”

Fewer American Companies See China as a Top Investment Priority

This post was originally published on this siteFewer U.S. companies consider China a top investment destination, according to an annual survey by a major American business group.

Chicago voters end mayor Lori Lightfoot’s bid for reelection as challengers Vallas and Johnson head to April runoff

This post was originally published on this siteChicago voters ended Lori Lightfoot’s bid for a second term as mayor Tuesday, where crime has emerged as a key ballot issue.     

What to watch for as the Supreme Court hears oral arguments on Biden’s student loan debt relief plan

The Supreme Court on Tuesday will take up two challenges to President Joe Biden’s student loan forgiveness program — an initiative aimed at providing targeted debt relief to millions of student-loan borrowers — that has so far been stalled by legal challenges.

USDA commission suggests sweeping changes to remedy discrimination

The US Department of Agriculture’s Equity Commission on Tuesday will present more than 30 recommendations it hopes will extend opportunities to communities of color and help resolve longstanding discriminatory practices across the agency, according to a copy of the interim report obtained by CNN.

DeSantis signs bill that gives him more control of Disney’s special district

Appearing at the doorstep of Walt Disney World, Florida Gov. Ron DeSantis signed a bill Monday that gives him new power over Disney, effectively punishing the entertainment giant for speaking out against the Republican’s political agenda.

Apartment Rents Fall as Crush of New Supply Hits Market

This post was originally published on this siteDeclines in every major U.S. metro area signal tenants may be maxed out on how much income they can devote to rent.

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