President Joe Biden nominated Judge Ketanji Brown Jackson to the Supreme Court on Friday to replace retiring Justice Stephen G. Breyer. The selection of Judge Jackson, a former public defender who clerked for Justice Breyer, was praised by some members of Congress and criticized by others as a pick of the “radical left.” Senators set a tentative confirmation goal for April 8 although the invasion of Ukraine and the absence of Sen. Ben Ray Lujan of New Mexico could affect the timeline.
Economic ripples from the Russian invasion of Ukraine reverberated across global industries as automakers announced manufacturing stops and tanker freight rates soared since fighting began. The European Union and Canada additionally announced airspace closures to Russian flights while fintech companies involved in global money transfers found themselves thrust into the conflict, with transfers of money in and out of the two nations becoming more difficult.
Recruiters for large tech companies such as Amazon and Google have steadily increased cash incentives to attract talent as the “lure” of stock has become less attractive amid unsteady markets and rising inflation. Some observers argued that the move may partly be in response to cryptocurrency startups luring talent away from larger tech companies by offering up to a third more in cash bonuses.
President Biden will deliver his first State of the Union address this week framed by low approval ratings and global crises. Although the President is expected to lay out an agenda addressing significant challenges such as pandemic recovery and inflation, expectations are low that the administration will succeed, according to recent polling. Fencing was reinstalled around the U.S. Capitol building in preparation for the speech.
Microchip giant Nvidia reportedly suffered a cyberattack that affected internal systems including company emails and developer tools. The attack was not related to the ongoing Ukraine crisis, according to sources close to the incident. In a development some called “bizarre,” the hacker group that claimed responsibility for the attack said they suffered a counterattack of their own from Nvidia. Observers said this may signal a new willingness from companies to “think outside the box” when it comes to countering cyber threats.
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