NPR News: 12-18-2024 6PM EST

Summary

NPR News Now – December 18, 2024, 6 PM EST

NPR’s “News Now” episode from December 18, 2024, delivers a comprehensive overview of the latest developments in politics, law, economics, science, and environmental conservation. Hosted by Jack Spear, the episode dives into pressing issues, featuring expert insights and notable quotes that illuminate the current state of affairs.

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1. Political Tensions Over Government Funding

Midnight Government Funding Battle

President-elect Donald Trump and Vice President-elect JD Vance have taken a strong stance against a bipartisan measure designed to prevent a government shutdown scheduled for mid-Friday, just before the holiday season. Trump is urging House Speaker Mike Johnson to renegotiate the terms of the measure, signaling deep partisan divides.

Advisory Group’s Criticism

Elon Musk, co-head of Trump’s newly formed Advisory Group on Government Efficiency, harshly criticized the bipartisan bill. At [00:35], Musk stated, “Any member of the House or senator who votes for this outrageous bill deserves to be voted out in two years.” This rhetoric underscores the intense opposition from Trump’s allies, highlighting the political maneuvering ahead of the shutdown deadline.

Pay Raises Controversy

The proposed measure includes the first congressional pay raises since 2009, increasing House members' annual salaries to $180,600. This provision has become a focal point of controversy, fueling opposition from Trump and his supporters who view the raise as unjustifiable amidst budgetary constraints.

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2. Supreme Court Takes on TikTok and Medicaid Funding

TikTok Ban Under Scrutiny

The Supreme Court has agreed to review a critical law concerning the popular social media app TikTok. At [01:09], NPR’s Bobby Allen explains that the court will evaluate whether President Biden’s April law, which seeks to ban TikTok unless sold to a non-Chinese company, stands up to constitutional scrutiny. The law aims to mitigate national security risks associated with Chinese influence.

Bobby Allen further elaborates, “Lawyers for TikTok say singling out an app for shutdown used by roughly half of America is an unprecedented violation of the First Amendment” ([01:26]). The High Court is set to hear arguments on January 10, just nine days before the law's intended enforcement, making this a pivotal moment for digital rights and national security.

Planned Parenthood Medicaid Funding Case

In another significant legal development, the Supreme Court is set to consider South Carolina’s move to cut off Medicaid funding to Planned Parenthood—a key player in family planning services. At [01:47], Jack Spear reports that the court will examine whether Medicaid patients can sue over the right to choose their own qualified providers. This case emerges in the wake of the court’s decision to overturn Planned Parenthood’s status as a nationwide right, intensifying the ongoing abortion-related legal battles.

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3. Economic Downturn and Federal Reserve Policy

Stock Market Decline

The Dow Jones Industrial Average experienced a sharp drop of over 1,000 points, marking its tenth consecutive losing session—the longest streak in half a century. This downturn also affected the S&P 500 and Nasdaq, highlighting widespread investor concern.

Federal Reserve’s Rate Cuts

At [02:29], Rafael Nam reports that the Federal Reserve has enacted its third rate cut since September, increasing the crude oil futures prices modestly by $0.50 per barrel to settle at $70.58 on the New York Mercantile Exchange. Fed policymakers indicated a shift in strategy, projecting only two more rate cuts next year, down from the previously expected four. This adjustment comes in response to persistent inflation and economic uncertainties, including the potential policy changes anticipated with Donald Trump’s return to the White House.

Jerome Powell’s Cautious Approach

Fed Chair Jerome Powell emphasized the need for a cautious approach amidst economic uncertainties. At [02:54], Powell remarked, “The point about uncertainty is it's kind of common sense thinking that when the path is uncertain, you go a little bit slower. It's not unlike driving on a foggy night or walking into a dark room full of furniture.” This analogy underscores the Fed’s strategy to navigate the unpredictable economic landscape carefully.

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4. Scientific Insights: The Moon’s Remelting Phase

New Findings on Moon Formation

A groundbreaking study featured in the episode reveals that after its formation, the Moon underwent a significant period of remelting, which may explain why most moon rocks are surprisingly young. At [03:13], Jack Spear introduces NPR’s Noel Greenfield Boyce, who reports that despite the Moon’s creation dating back much earlier, the remelting process due to gravitational forces would have generated heat, leading to volcanic activity and the formation of new rocks.

Expert Commentary

Francis Nimmo from the University of California, Santa Cruz, provides further insight at [04:03], stating, “I think it was mostly solid on the inside, but there was melt being generated all the time, and that was being erupted as volcanoes, creating new rocks.” This phenomenon aligns with the Young Moon hypothesis, bridging the gap between the Moon’s actual age and the relatively younger moon rocks brought back by astronauts.

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5. Environmental Concerns: Endangered North Atlantic Right Whales

Recent Whale Sightings

Government officials have reported the discovery of two endangered North Atlantic right whales off the coast of Massachusetts. Unfortunately, one of the whales is likely to die due to its injuries. As Jack Spear explains at [04:17], the population of these whales has dwindled to fewer than 400, facing severe threats from fishing gear entanglements and ship collisions.

NOAA’s Observations

The National Oceanic and Atmospheric Administration (NOAA) noted that the whales were spotted swimming approximately 50 miles southeast of Nantucket earlier in the month. The precarious state of these whales highlights the urgent need for enhanced conservation efforts to protect these majestic creatures from ongoing human-induced hazards.

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6. Crude Oil Market Update

Oil Prices Rise Modestly

The episode concludes with a brief but noteworthy update on the crude oil market. Despite broader economic downturns, oil prices saw a modest increase of $0.50 per barrel, settling at $70.58 on the New York Mercantile Exchange. This slight uptick suggests a complex interplay between market forces and geopolitical factors influencing energy prices.

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Conclusion

NPR’s “News Now” episode from December 18, 2024, encapsulates a wide array of critical issues, from high-stakes political maneuvering and pivotal Supreme Court cases to significant economic shifts and scientific discoveries. By providing detailed reports and expert insights, the episode offers listeners a thorough understanding of the current events shaping our world.

Transcript

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[Jack Spear]

In Washington, I'm Jack Spear. President elect Donald Trump and VP Elect JD Vance are blasting a bipartisan measure aimed at preventing a government shutdown after mid Friday ahead of the holiday, Trump basically telling House Speaker Mike Johnson to renegotiate. Entrepreneur Elon Musk, co head of Trump's newly created Advisory Group on Government Efficiency, also blasted the measure, saying any member of the House or senator votes for this outrageous bill deserves to be voted out in two years. Measure to keep the government running through March included the first congressional pay raises since 2009, bringing House members annual salaries to $180,600 a year. The Supreme Court is stepping into the TikTok debate. As NPR's Bobby Allen explains. The high court has agreed to review whether a law that could ban the app next month is constitutional.

[Bobby Allen]

The Supreme Court has accepted TikTok's emergency motion to review a law President Biden signed in April. The law bans TikTok nationwide unless it is sold to a non Chinese company. It is meant to address lawmakers national security concerns over possible Chinese influence. Earlier this month, a federal appeals court affirmed the ban law, saying it actually protects free speech by preventing an adversarial government from censoring content. But lawyers for TikTok say singling out an app for shutdown used by roughly half of America is an unprecedented violation of the First Amendment. The High Court will hear arguments on January 10, nine days before the law is set to take effect. Bobby Allen, NPR News.

[Jack Spear]

The Supreme Court today says it's agreed to consider South Carolina's move to cut off Medicaid funding to Plan Parenthood, the latest abortion related case since overturning it as a nationwide right. The court agreeing to consider the legal question of whether Medicaid patients can sue over the right to choose their own qualified providers. Lower courts blocked that order, but the state has appealed. South Carolina moved in 2018 to cut off Medicaid funding to Planned Parenthood, which uses the money for family planning and not for abortions. The Dow Jones industrial average fell by more than 1,000 points today, posting its 10th consecutive session and longest losing streak in half a century. Sempio's Rafael reports. The Federal Reserve cut interest rates as expected, but policymakers signaled fewer cuts next year.

[Rafael Nam]

It was the Fed's third rate cut since September, but policymakers said they may lower rates only two more times next year. That was fewer than the four cuts it had projected three months ago. Inflation is a little more stubborn than expected, and policies, as well as the health of the economy, could change after Donald Trump returns to the White House. So Fed Chair Jerome Powell said the caution was justified.

[Jerome Powell]

The point about uncertainty is it's kind of common sense thinking that when the path is uncertain, you go a little bit slower. It's not unlike driving on a foggy night or walking into a dark room full of furniture.

[Rafael Nam]

Investors were disappointed. Along with the blue chip Dow, the S and P and the Nasdaq also slumped. Rafael Nam, NPR News.

[Jack Spear]

The NASDAQ fell 716 points. This is NPR. A new study suggesting that after the Earth's moon formed, it went through a period when a lot of the solid rock remelted. As NPR's Noel Greenfield Boyce reports, it could explain why most moon rocks are surprisingly young.

[Noel Greenfield Boyce]

Astronauts brought back moon rocks, and almost all date back to around 4.35 billion years ago. Trouble is, scientists think the moon got created much earlier than that when an object the size of Mars slammed into the Earth. Now, in the journal Nature, researchers offer this explanation. As the moon moved away from Earth at a certain point, it underwent a temporary period of remelting due to gravitational forces that heated it up. Francis Nimmo is with the University of California, Santa Cruz.

[Francis Nimmo]

I think it was mostly solid on the inside, but there was melt being generated all the time, and that was being erupted as volcanoes, creating new rocks.

[Noel Greenfield Boyce]

That appear to be younger than the true age of the moon. Nell Greenfield Boyce, NPR News.

[Jack Spear]

Government officials now say it appears a couple of endangered whales have been found off the coast of Massachusetts. Officials say one of the animals is likely to die as a result of its injuries. Green Subsequently, there are fewer than 400 of the North Atlantic right whales known to exist, with the animals facing threats from everything from fishing gear to collisions with ships. The national oceanic and Atmospheric Administration says the whales were observed swimming about 50 miles southeast of Nantucket earlier this month. Crude oil futures prices settled modestly higher. Oil up $0.50 a barrel today to end the session at 7058 a barrel on the New York Mercantile Exchange. I'm Jack Spear, NPR News, in Washington.

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