Grady, Amazon, China discussed on WSJ What's News

WSJ What's News


Staff, although signs suggest that omicron largely causes milder illnesses, experts attribute the high number of hospitalizations to the new variants, high transmissibility. The surge is hitting nursing homes especially hard. New federal data shows the highest number of cases ever documented among staffers. 57,000 in the most recent week, and a near record number of residents testing positive. Nursing homes were also among the hardest hit during previous COVID-19 surges. In China, new lockdowns and widespread testing aimed at reining in omicron or hitting major manufacturers and raising fears about the ripple effects on global supply chains. Factories are closing in ports or getting crowded. Chip maker Samsung automaker Volkswagen and textile companies are among the businesses suffering production hitches. Although the response is largely in keeping with the playbook, China has followed to contain the virus, economists are warning that omron's transmissibility and China's increasingly significant role in supply chains could mean an even greater impact than in the past. U.S. district judge Liam o'grady has removed himself from a nearly two year long case involving Amazon, signing a financial conflict of interest. Last year, The Wall Street Journal had reported about his wife stock holdings in Amazon. O'grady had ruled in the company's favor during the 20 months he oversaw the case, in which the online retailer accused two former employees of violating Amazon's conflict of interest policies. After the journal contacted o'grady, his wife's investment adviser sold the Amazon shares valued at more than $20,000. A new judge has been assigned to the case. O'grady was one of a 136 judges for whom our investigations team identified stock conflicts. They found more than 950 cases with recusal violations since 2010. Reporter Joe palazzolo said o'grady's case highlights the fallout of financial conflicts of interest in our judicial system. You know, we've been for the past year looking at judges who hear cases involving parties in which they or their families own stock. And this case really shows the impact of them violating these rules because when they violate the rules and they're called out on it, in most cases, they're going to have to step aside. And when they step aside, it's going to impact the administration of justice. It's going to delay proceedings. It's going to cost people money. It's going to cost the court resources. And so that's what this story really tried to show. Coming up, lawmakers questioned fed chair Powell on inflation and the job market. Hi, I'm Stephanie kelton, an economist and co host of the new market watch podcast, the best new ideas in money. Money is an idea..

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