I think they let me do this once before I have to start buying ads: my next book, on the rise of the tech right, is available for pre-order. -Jacob

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THE BIG NEWS

Oligarchy In America: Trump Returns As President

He's back. Today the United States inaugurates crypto enthusiast Donald J. Trump as its 47th and hopefully not final president. Because of cold weather, the proceedings will be conducted in the Capitol Rotunda, a traditional site of MAGA celebration and rioting. Trump will be sworn in at 12pm ET, and it'll be viewable everywhere. Majority Report is off today for Martin Luther King Day, but many of your favorite leftist streamers and commentators will surely be manning mics and keyboards, ready to dispense content. Sam and Emma will be back tomorrow as we inaugurate the next grim phase of Trump-era politics.

We'll be returning again and again to the problem of oligarchy, which is at full flower in this country. For now, we hope you enjoy the holiday, and we'll have another newsletter for you tomorrow, as we start to survey the road ahead.

MORE STORIES TO WATCH

Finally, There's A Ceasefire In Gaza

A ceasefire between Israel and Hamas at last went into effect over the weekend, with the IDF still bombing Gazans three hours past the planned deadline. Hamas released three Israeli women held hostage, followed by 90 prisoners, 22 of them children, released from Israeli prisons. As some of his even more right-wing terrorist allies resigned from his government, Israeli Prime Minister Benjamin Netanyahu said that his government would continue to occupy the Philadelphi Corridor in Gaza, perhaps even increasing its presence. He has also emphasized that Israel may restart the war if it chooses.

TikTok Goes Dark, Comes Back, Praises Trump

Over the weekend, TikTok was unavailable for about a day in the US before returning. The app displayed an obsequious message about the company's gratitude toward Trump for promising to save the app. Trump has said he would likely give TikTok an extra 90 days to divest itself of its Chinese ownership and avoid a ban. Trump, of course, initiated this entire process of banning TikTok but now gets to be seen as its savior. He's also proposed that the US government take a 50 percent stake in TikTok. Well done, Dems.

The President Launched A Shitcoin Over The Weekend

Yes, Donald Trump launched a crypto token over the weekend. A memecoin, a shitcoin, an inscrutable pile of digital garbage – take your pick. Don't believe the huge numbers ascribed to it. This thing is worthless. Hopefully you didn't buy any. Or any of Melania Trump's token, which helped crash $TRUMP by 40%. Thousands of meme-based crypto tokens appear every day on crypto exchanges. They have the lifespans of fruit flies. But this is probably the first time an incoming president has committed securities fraud on inauguration weekend.

QUICKEST QUICKIES

• Lina Khan's FTC Racks Up Wins Till the End Lina Khan, the fabulously productive chair of the FTC, ended her term in office by announcing another slate of consumer protection investigations and initiatives. The agency banned General Motors from selling driver behavioral data to credit agencies, sued a large landlord for gouging tenants, and required GoDaddy to improve its security practices. We'll miss Khan, who was Biden's most effective appointee. via Lina Khan/X and Samuel Levine/X.
• Short of Cash And Allies, Eric Adams Visits Trump Multiply indicted New York City Mayor Eric Adams recently lunched with Donald and Eric Trump at a Trump golf course in south Florida. Adams is believed to be seeking a pardon from Trump, and the two men have recently been chummy. Adams needs any allies he can get. His legal defense fund only had two donors in the last three months. via The City and NYT.
• Two Former Confederate States Honor Robert E. Lee Today Alabama and Mississippi will mark Robert E. Lee Day, an official state holiday. The states have insisted on combining Robert E. Lee Day and MLK Day ever since the introduction of the latter in 1983. A number of southern states also celebrate Confederate Memorial Day and other holidays celebrating traitors and slave-owners. via AP News and Clarion Ledger.
• Vivek Ramaswamy Plans to Run For Ohio Governor Rich guy Vivek Ramaswamy is apparently getting on the nerves of Elon Musk and Donald Trump and plans to step away from the DOGE budget-cutting task force. He is expected to soon announce his candidacy for governor of Ohio. via CBS News and Politico.

SOME NUMBER

2 months

That's how long Sara Netanyahu, wife to arch-war criminal Bibi and notoriously corrupt in her own right, has been living in south Florida, where she's hanging out with wealthy friends and her fascist son Yair. She reportedly did not go back to Israel for her husband's recent prostate cancer surgery.

ON THE SHOW TODAY

1/20: Happy Martin Luther King Day! MR's compilation of MLK-related audio returns!

DON'T MISS MR CLIPS‌

We Are Witnessing This In Real Time

The stench of oligarchy is so pungent that even Joe Biden felt compelled to say something.

Socialist Challenges Eric Adams

State Assemblyman Zohran Mamdani joins the show to talk about his campaign for NYC mayor.

PARTING WORDS

“I said, ‘Is there any particular reason why you called me? I’d like to know.’ He said, ‘You do realise, off the record, that Joe Biden is not going to be our nominee?’ I was stunned. I said, ‘What, how, why?’ He said, ‘I just was at a meeting with him with several other senators and he couldn’t even function. We can’t run him.’”

-- Political analyst Larry Sabato speaking to The Guardian about a call he received from a Democratic senator in early 2024.

Anniversary Sale!

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