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SHOCKING: 2 - You Need To See This

Today in Supreme Court History: August 16, 1933

8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared those codes unconstitutional in Panama Refining Co. v. Ryan (1935).

Reason

Millions are facing soaring mortgage rates. How did we leave them so vulnerable?

Homeowners in Britain are especially at risk because of a shortage of long-term loans. The sooner the Bank of England acts to fix this the better

The Guardian - UK

Watch: Joe Biden addresses debt ceiling as deadline looms

Watch as Joe Biden makes remarks in the Roosevelt room at the White House before departing for Japan to attend the G7 summit.

The Independent UK

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From My Commonplace Book, 2

Robert Oppenheimer on the death of FDR.

Reason

Military education chief at CPS resigns after ‘systemic failures’ in his handling of sex abuse case

In 2019, Col. Daniel Baggio failed to notify state and local officials of suspected abuse of a student by a military instructor, a watchdog found. The student was abused for another 9 months before the instructor was arrested, CPD records show.

Chicago Sun-Times

As the UK celebrates Queen Elizabeth II's Platinum Jubilee, why will so many Americans also be cheering her on?

Whether it is reporting the role of the Sex Pistols or that of the royal corgis, U.S. media has suddenly taken an interest in a peculiar four-day ceremony taking place across the pond: Queen Elizabeth II’s Platinum Jubilee.

The Conversation

This Day In Market History: The Department Of Commerce And Labor Is Born

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Feb. 14, 1903, under the Roosevelt administration, Congress established the U.S. Department of Commerce and Labor.

Benzinga

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