The European Union has reached an agreement to phase out its remaining imports of Russian gas by 2027. The decision came after a lengthy meeting in Moscow between US and Russian representatives resulted in no breakthrough to end the war in Ukraine. The sovereignty of the eastern region of Donbas, largely controlled by Russia, is at the heart of the negotiations, with Ukrainian President Volodymyr Zelensky refusing to cede the territory.
Also in the programme: we go to the Swiss town where you can pay with Bitcoin; and the search for Malaysian Airlines Flight MH370 will resume at the end of the month, 11 years after its disappearance.
(Photo: A gas torch is seen next to the Lukoil company sign at the Filanovskogo oil platform in the Caspian Sea, Russia. Credit: Reuters / M. Shemetov).
Texas’ massive new abortion law, HB7, is taking effect this week. This law is the most ambitious effort yet from abortion opponents to halt telehealth abortions, which have helped patients get around strict bans in Texas and other states after Roe v. Wade was overturned.array(3) {
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A one-time allocation for Tribal Colleges and Universities unexpectedly just doubled the federal allocation compared to the previous year. And a small handful of colleges are rejoicing over multi-million-dollar windfalls from philanthropist MacKenzie Scott. But that doesn’t mean officials at any of those institutions are breathing a sigh of relief. Instead, the unpredictable nature of federal funding and other factors — including the Trump administration’s stated plan earlier this year to all but eliminate their funding, has tribal higher education administrators scrambling. We’ll speak with some of them about the educational institutions that thousands of Native students depend on.
A new House report confirms the Biden Administration's coordinated, extralegal "Operation Chokepoint 2.0" to debank the crypto industry. We review the timeline & confirmed shadow debanking conspiracies
We discuss the bombshell report from the House Committee on Financial Services that confirms the existence of **Operation Chokepoint 2.0**—a coordinated, extralegal effort by the Biden Administration to push the crypto industry out of the US banking system. Review Nic Carter's original exposes, how the "conspiracy" became formal documentation, and the shift from an existential threat to a clearer path for conducting business in the United States. We also discuss the political "reckoning" ahead for the industry's single-issue campaign spending.
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**Notes:**
* House report confirms debanking conspiracy.
* Extralegal effort to cut crypto banking.
* Nick Carter published OCP 2.0 exposes.
* Existential risk to US crypto is not near-term.
* Crypto actively supported Trump's campaign.
* "Single issue PAC" raised biggest money ever.
Timestamps:
00:00 Start
01:25 Chokepoint 1.0
04:08 Regulation as maze
07:14 FDIC letter
11:06 Charlie gets de-banked
13:12 Fed letter SR226
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President Donald Trump plans to announce weaker fuel efficiency standards for cars and trucks at a White House event today. The move will likely reverse a Biden-era rule requiring automakers to reach an average of 50 miles per gallon for new vehicles by 2031. Plus, as part of our lunar economy series, we hear how one company is recycling space debris into more useful products for the space industry.
Continued fallout from Caribbean strikes. GOP hangs on in Tennessee special election. First big snowfall for the Northeast. CBS News Correspondent Steve Kathan has these stories and more on the World News Roundup.
From the BBC World Service: European politicians have reached a provisional agreement to phase out imports of Russian gas by 2027. Exports of oil and gas have been crucial for Russia to fund its military campaign in Ukraine. Russia says Europe will be less competitive and that consumers will have to pay higher prices. Then, we'll check in on Japan's work-life balance and hear about a diamond-studded Faberge egg, which just sold at auction for $30 million.
A.M. Edition for Dec. 3. President Donald Trump rails against Somali immigrants in Minneapolis, describing them in disparaging terms ahead of an expected ICE operation. Plus, Republicans pull out a victory in Tennessee’s special election – though a tighter-than-usual margin keeps Democrats fired up. And WSJ’s Matthew Luxmoore unpacks how one of Russia’s European neighbors is preparing for a possible invasion, as peace talks in Moscow fail to reach a deal to end the war in Ukraine. Caitlin McCabe hosts.
Bitcoin dipped below "fair value" for the first time in two years.
Bitcoin briefly slipped below its network value based on Metcalfe value modeling for the first time in nearly two years, according to network economist Timothy Peterson. Historically, periods when bitcoin trades below its Metcalfe value have delivered strong forward returns. Will the pattern repeat itself this time? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
Plus: President Trump says he doesn’t want Somali immigrants in the U.S., amid reports of an ICE operation in Minneapolis. And the Trump administration calls off interviews with candidates vying to lead the Federal Reserve. Daniel Bach hosts.
