"Trump convicted on all 34 counts, "making him the first former president in U.S. history to be convicted of a crime."
Views expressed in this U.S., World, and Geopolitical News update are those of the reporters and correspondents. Accessed on 30 May 2024, 2150 UTC.
Content and Source: https://mail.google.com/mail/u/0/#inbox/FMfcgzQVwnZlmPSzNMwqDtDTbCFSrgSH/The Wall Street Journal: What's News.
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Russ Roberts (https://trendsingeopolitics.blogspot.com).
Good afternoon. Here’s what you should know today, May 30:
| - The U.S. inadvertently created a China-led economic “axis of evasion”
- Alcohol in the French Open stands? Mais non
- Landing a job is all about who you know—again
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By Zlati Meyer
| Thanks for reading What’s News! Look for the  to enjoy a free article on us—and share the link with a friend (or forward the whole newsletter!). |
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What to Watch
|  | Former President Donald Trump is seeking a return to the White House. PHOTO: JUSTIN LANE/PRESS POOL |
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1. A New York jury found Donald Trump guilty on all 34 counts, making him the first former president in U.S. history convicted of a crime.
| The presumptive Republican nominee can still run for president ( read for free). His poll numbers remained steady during the trial, though some voters have said they might be less likely to vote for him if he were convicted. A prison sentence is unlikely; other possible penalties range from a fine to probation. Trump is certain to appeal, which could take months or years to resolve; that could be further complicated if he’s elected in November. Trump faces three other prosecutions, though none might go to trial before Election Day. Many observers considered the hush-money case, which centered on allegations that Trump falsified business records to cover up a payment to porn star Stormy Daniels during his 2016 White House bid, the least serious of the four. The Daniels payment was first reported by the WSJ in 2018. |
| Meet the 12 New Yorkers Who Decided Trump’s Fate in the Trial (Read)  Key Trial Moments That Led to Hush-Money Conviction (Watch)
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2. Western sanctions and export controls meant to subdue U.S. enemies have instead created a Beijing-led global shadow economy.
| China, Russia, Iran, Venezuela, North Korea and other authoritarian regimes are now collectively big enough to withstand the West’s unprecedented finance and trade restrictions. The Chinese Embassy in Washington said that the country’s dealings are normal, legal “exchanges with relevant countries on the basis of equality and mutual benefit.” The governments of Russia, Iran, Venezuela and North Korea, contacted through their diplomatic offices in the U.S., didn’t respond to requests for comment. |
| The Solar Breakthrough That Could Help the U.S. Compete With China (Read) WSJ’s Greg Ip: Tariffs Are More Than Just Taxes. They Are a Tool of Geopolitics. (Read) |
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3. Skydance Media sweetened its merger offer for Paramount Global.
| The exact terms of the revised deal couldn’t be learned, but it is more favorable to voting and nonvoting shareholders, according to people familiar with the situation. Paramount’s directors are expected to review it shortly. Skydance’s earlier offer angered shareholders who considered it more beneficial to controlling shareholder Shari Redstone than other stakeholders. David Ellison, Oracle co-founder Larry Ellison’s son, runs Skydance. Shares of Paramount closed up 1.03%, while tech stocks led major U.S. indexes lower. |
| Heard on the Street: You Can Thank Private Equity for That Enormous Doctor’s Bill (Read) This Record Stock Market Is Riding on Questionable AI Assumptions, Writes WSJ’s James Mackintosh (Read) Tesla Blasts Glass Lewis’s Report Urging Against Musk’s Pay Package (Read) Shake Shack—the Anti-Fast Food Chain—Turns to Drive-Thru as It Expands (Watch) |
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4. The party of an Israeli war-cabinet member submitted a bill to dissolve parliament.
| The move is unlikely to bring down the government but opens the door for an election battle as early as summer, analysts said. Benny Gantz, Prime Minister Benjamin Netanyahu’s longtime rival, threatened earlier to take his party out of the government on June 8 if there was no plan for ending the Gaza war and securing the enclave, among other demands. Netanyahu has signaled he won’t yield to Gantz’s demands. The prime minister’s party said that dissolving the government would be a gift to Israel’s enemies and hurt efforts to return hostages captured in Hamas’s deadly Oct. 7 attacks. Meanwhile, a sputtering economy and anguish over Palestinian deaths have put pressure on Egyptian President Abdel Fattah Al Sisi. |
|  Enjoying this newsletter? Get more from WSJ and support our journalism by subscribing today with this special offer.
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Follow coverage of detained WSJ reporter Evan Gershkovich
| The WSJ’s Evan Gershkovich is being wrongfully detained in Russia after he was arrested while on a reporting trip and accused of espionage—a charge the Journal and the U.S. government vehemently deny. Follow the latest coverage, sign up for an email alert, and learn how you can use social media to support Evan. |
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| MEMBER MESSAGE: DELOITTE | | The Cryptocurrency Transformation |  | With many countries setting regulatory frameworks to permit the use of digital assets within their financial system, and consumers already having the option to use them for a variety of retail purchases outside of tapping a traditional bank account, credit card or cash, the velocity of blockchain, cryptocurrency and digital assets is speeding up. Learn More | |
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The Numbers
| 140,803 | The number of U.S. taxpayers who filed accepted tax returns through the IRS’s new free online system during a 12-state pilot. Direct File will become permanent and open to the whole country starting next year. Many Republicans say that Direct File is redundant with private-sector offerings and the IRS Free File program, which lets lower-income and middle-income taxpayers use private software. |
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Quoted
“Candidates are so desperate to get noticed, and they’re asking, ‘What’s the cheat code? What’s the way to get through the filters?’...Get referred.”
| —Jon Stross, who cofounded the hiring-software company Greenhouse. Networking is making a comeback as employers drown in computer-generated job applications. Referred candidates had a 50% chance of advancing past an initial résumé review, compared with 12% for other external applicants, for roles posted on Geenhouse’s job boards and filled in the first quarter. |
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“It really is a humbling moment for the [African National Congress].”
| —Former activist William Gumede, referring to the political party that ended apartheid in South Africa. Projections based on early results from yesterday’s national elections show the ANC losing its absolute majority for the first time since Nelson Mandela was elected the country’s first Black president in 1994. Corruption and an inability to deliver jobs, housing and security for large parts of its electorate have dogged the ANC for years. |
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Catch Up
| - Supreme Court Sides With NRA in Free Speech Case (Read)
- The FDIC Chairman Is Resigning Under a Cloud. He’s Still in Charge. (Read)
- Modi Seeks to Consolidate Power in India Election—and Change the Country’s Future (Read)
- A Mega-Lawsuit, a Rush of Listings and Price Cuts Galore: What’s Going on at 432 Park? (Read)
- Essay: Congress Got More Done When the Greatest Generation Ran It (Read)
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Live Better
|  | PHOTO: SHUTTERSTOCK |
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Don’t let blue light keep you up at night.
| Screen time before bed might not delay falling asleep after all, new research suggests. Turning off devices 30 to 60 minutes pre-bedtime, instead of the previously recommended two hours, is enough, some sleep experts say. And for some people, certain kinds of screen use—like watching a comforting TV show—might help encourage sleep. To identify your tolerance, log for a week what devices you used before bedtime, for how long and how you felt the next day. |
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What Do You Think?
| Yesterday, we asked whether you buy store brands or name brands. Here’s what you had to say: It's sometimes a trial-and-error process, especially with food products. There are many house-brand staples like dairy products, canned goods, coffee and bread that have similar ingredients at a substantial discount. I'm already seeing name brands beginning to offer specials to better compete with store brands. Look for this to continue during these inflationary times.
—Mario B. Recchia, New Jersey Some store brands are waaaay better than name brands, or at least equivalent. Unless they are on sale and priced below store brands, I don't buy name brands. The only exceptions are the Coffee-Mate creamer I use everyday in my coffee, pet food and cat litter. I've always done this. It’s not a response to inflation.
—Crystal Nipp, Wisconsin Responses have been condensed and edited. |
| What are your thoughts about Trump's conviction? Let us know at whatsnewsletter@wsj.com or reply to this newsletter. Include your full name and location, and we may publish your response in an upcoming issue. |
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Take a Break
|  | The Thaddeus Kosciuszko National Memorial in Philadelphia is the tiniest unit in the National Park Service. PHOTO: MATT ROURKE/ASSOCIATED PRESS |
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| Let the crowds have Yellowstone. Real adventurers will explore America’s tiniest national park. |
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Beyond the Newsroom
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Welcome to my geopolitics blog site. This is a Hawaii Island news site focusing on geopolitical news, analysis, information, and commentary. I will cite a variety of sources, ranging from all sides of the political spectrum.