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The World and Everything In It
2.2.26 Gun-free zones in Hawaii, the vision for a humbler Federal Reserve, and an assault at the 1994 Winter Olympics
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A
Good morning. Today on legal docket, a major gun rights case at the Supreme Court with conservatives wondering just how complex the question needs to be.
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Why are we making it complicated? The text of the Second Amendment covers arms here. There's no sufficient history supporting the regulation. End of case. Also today, the Monday money beat with economist David Bonson. And later, the world history book. One of the biggest scandals in U.S. figure skating history with a rival found to be at the heart of the plot.
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C
I was looking forward to competing against her, you know, I just hope that she's okay.
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It's Monday, February 2nd. This is the world and everything in it from listener supported World Radio. I'm Mary Reichert.
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And I'm Nick Iger. Good morning.
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Up next, Kent Covington with today's news.
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The latest partial government shutdown is likely to stretch at least into the middle of this week. That as House Speaker Mike Johnson says, a full vote on government funding is still days away. Democrats blocked funding last week, forcing another shutdown over funding for the Department of Homeland Security. House Minority Leader Hakeem Jeffries.
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The Department of Homeland Security needs to be dramatically reformed. We share that view, as does Leader Schumer and Senate Democrats in a variety of different ways.
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That follows a pair of fatal shootings involving federal immigration agents in Minnesota. House Speaker Mike Johnson says GOP members are on board with some of the proposed changes. We want body cameras on Immigration Customs Enforcement agents.
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In fact, in the bill that the.
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Democrats are currently rejecting, we put $20 million into that legislation to allow for that. But Republicans largely oppose some other demands, such as prohibiting ICE agents from wearing masks. They say that would open up federal agents to targeted attacks. In the Senate, some Democrats agreed with Republicans last week to give DHS a two week funding extension that buys time for talks on immigration enforcement policy. However, the House was not in session last week to take up the Senate bill. Speaker Johnson says he is optimistic that this will not be another prolonged shutdown. The White House is expressing optimism that the Senate will confirm President Trump's pick to be the next Federal Reserve Chairman. Kevin Warship and National Economic Council Director Kevin Hassett believes more interest rate cuts could be on the way with Warsh at the helm.
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He's a very independent, data driven person. The president believes that if you are data driven and not partisan, he thinks the Fed has been partisan, that rates could be a lot lower. And I think that Warsh agrees with that. And I agree with that.
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For months, President Trump has sharply criticized current Fed Chairman Jerome Powell for being in the view of the White House too slow to cut interest rates. At least one Republican senator, Thom Tillis, says he will oppose Walsh to chair the central bank. But White House press secretary Caroline Levitt.
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Calls a highly qualified and distinguished economist.
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With a very exceptional resume and the White House is going to work with.
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The Senate to quickly confirm him.
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Kevin Warsh is a former Federal Reserve Board member. The now 55 year old Warsh became the youngest Fed governor ever at the age of 35 when President George W. Bush tapped him to serve on the board. Iran's supreme leader warned Sunday that a US Attack would spark a broad war across the Middle East. He said Iran does not want war but will hit back hard if attacked. President Trump responded to those remarks by Ayatollah Khamenei telling reporters, we have the.
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F
Biggest, most powerful ships in the world over there, very close couple of days and hopefully we'll make a deal. We don't make a deal then and we'll find out whether or not he was right.
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The US has been relocating military assets to the Middle east in recent weeks. The president is calling on Iran to make a deal to halt its nuclear weapons program, he said. The two sides are talking. Iran's supreme leader spoke into Iran as national events began marking the country's 1979 Islamic Revolution. President Trump has also sharply escalated pressure on Cuba, saying he's now starting to talk to Cuba. That comes as his administration has cut off key oil supplies.
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F
I think we're going to work a deal with Cuba. I think, you know, we'll be kind. We have a situation that's very bad for Cuba. They have no money, they have no oil. Venezuela, they lived off Venezuelan money and oil and none of that's coming now.
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Last week he ordered tariffs on goods from any country that sells oil to Cuba, a move aimed at choking off energy for the Communist run country. Mexico is among the nations that has been supplying fuel to the island nation. Trump says his goal is to have serious negotiations, though he has not said publicly what he's looking for in a deal with Cuba. A powerful winter storm has left a huge stretch of the US Digging out from under heavy snow, bitter cold and travel chaos.
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We had the kind of snowstorm that we don't get very often in North.
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Carolina and the storm dumped nearly a foot of snow on Charlotte, the governor said. The Department of Transportation had 2,500 people working overtime to clear snow. The bomb cyclone triggered thousands of flight cancellations across the country, and Peter Mullinax with the National Weather Service said Sunday.
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Some locations are still going to be contending with occasionally gusty winds today, bitterly cold wind chills, and that's going to be felt also farther north, even into portions of the Mid Atlantic.
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Roughly 150 million Americans from the Gulf coast into New England were under cold alerts and wind chills dropped to near zero in parts of the South. Even Florida saw rare snow flurries along with icy fruit crops. And cold stunned iguanas falling from trees as temperatures plunged. More than 110 deaths nationwide are linked to the storm, and many in the south still lack power days later. I'm Kent Covington. And straight ahead, a major gun rights case at the Supreme Court on legal docket plus the Monday Money beat with David Bonson. This is the world and everything in it.
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Okay, campers, rise and shine. It's the world and everything in it for the second day of February, 2026, Groundhog Day. We're so glad you've joined us. Good morning. I'm Mary Reichert.
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And I'm Nick Eichert. Time now for legal docket. Today we will think about warmer climes. Hawaii, our dispute before the US Supreme Court is a case from the Aloha State. It shows just how much has shifted since the court's landmark ruling on gun rights four years ago. The Second Amendment is on much firmer ground after the 2022 case, the new York State Rifle and Pistol Associ. The court has said it plainly protects a right to carry firearms in public for self defense and that states can only justify gun regulations by pointing to the nation's historical tradition.
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Several justices made clear last month they intend to continue to treat the Second Amendment like every other constitutional right. As Justice Samuel Alito put it, to do otherwise will not pass muster with this court.
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You're just relegating the Second Amendment to second class status. I don't see how you can get away from that.
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But Hawaii says it can get away from it by elevating property rights, arguing that when businesses and other spaces open their doors to the public, they get to decide whether gun owners may bring a firearm in and the default presumption is that they may not. To defend that rule, the state leans on its history, but focuses most of his argument on property law and consent.
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Three Gun owners and a gun rights group say Hawaii gives property owners a right that directly conflicts with the Bruin ruling. They say the state turns most public life in Hawaii into a patchwork of gun free zones by default. Here's how their lawyer, Alan Beck, framed.
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The argument by banning people from carrying firearms on private property. That is open to the public unless they first obtain affirmative permission. Hawaii has run roughshod over that constitutional right.
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Both sides agree there is no right to carry a gun onto private property against the wishes of the owner. The dispute is about what happens when a business opens up to the public. Who has to speak first, the gun owner or the property owner?
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After Bruin, Hawaii rewrote its gun laws by expanding its list of so called sensitive places where guns are banned. And it requires licensed gun owners first to get permission from the owner to enter, punishable for up to a year in prison. If you don't, that is tough to navigate. Sarah Harris represented the federal government in support of the challengers.
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As a practical matter, in order to run your errands, you have to run the table of, of knowing you're not trespassing on private property to like, pick up your dry cleaning and catch a cup of coffee. And if you run out of gas and you're trying to find a gas station, you can't get gas unless you know you're in your car, you have, you have your gun in your purse and, and you're not actually committing a crime by stepping on the gas station property.
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Historically, she argued, since America's founding, Americans have always carried firearms into inns, taverns, shops and markets unless the owner objected.
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Under Bruin, courts have a two step inquiry to follow. First, does the text of the second amendment cover this conduct? In this case, the law regulates guns, so clearly it does. Second, can the government show that the regulation is consistent with the nation's historical tradition?
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The challengers say Hawaii loses on both counts and the state tries to get around it by relabeling locations as sensitive. Hawaii's lawyer, Neil Katyal frames it differently.
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The only question is whether there's a second amendment right to assume the owner.
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Wants guns on his property when he's been silent.
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There is nothing. There is no constitutional right to assume.
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That every invitation to enter private property includes an invitation to bring a gun.
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The Constitution protects the right to keep and bear arms. It doesn't create implied consent to bring.
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Those arms onto another's property.
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That's the reading the liberal justice has favored. Here is Justice Ketanji Brown Jackson.
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Yes, it is about guns, but the.
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Argument goes, what's really going on here.
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Is how states treat a private property.
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Owner'S consent under circumstances in which everyone agrees that consent is required.
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Consent is required, but the question is what is the default assumption? That the gun owner needs explicit permission or that the private landowner must affirmatively exclude? Justice Jackson went round and round with the challenger's lawyer.
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Beck, you have a constitutional right to carry your firearm onto that Pacific gas station.
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You do.
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Where is that?
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Justice Jackson's through line is that implied consent is part of property law, and if states want to require express consent instead, that's okay.
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Justice Alito said that is completely unworkable with the First Amendment, and he duked it out in this rather long exchange with Katyal, who defended Hawaii's law.
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If someone owns a store or let's say it's a little restaurant and this person has very strong political opinions and does not want anybody in that restaurant who is wearing attire that is expressing approval of a particular political candidate, the owner of that restaurant has the right to say you can't come in, right?
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F
Yes.
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All right. Now, could Hawaii enact a statute that says that if you are wearing attire expressing approval of a particular political candidate, you can't come in unless you get express consent from the owner of the restaurant?
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F
Again, that's a viewpoint discrimination and prohibiting.
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E
It's a violation of the First Amendment. We have a violation of the First Amendment and a violation of the right that the court held is protected by the Second Amendment in Bruen, which is the right of law abiding citizens to carry a firearm for purposes outside of the home for purposes of self defense.
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Alito took that idea further with Beck. For the challengers, under Hawaii law, are.
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There any other objects besides guns that a person may not possess when that person enters private property that is open to the public?
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F
Not to my knowledge, your honor.
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E
Thank you.
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B
The conservative justices saw that as selectively placing a burden on a constitutional right. Justice Brett Kavanaugh saw the entire case as a fairly simple one, mentioning both Bruen and another gun rights case which held the Second Amendment means what it plainly says. Why are we making it complicated? The text of the Second Amendment covers arms.
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F
Heller says it means what it says, says what it means. Part three of Heller says there are.
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Certain exceptions to that or contours on that which are rooted, but they have to be rooted in history. Here there's no sufficient history supporting the regulation. End of case.
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A
One interesting piece of history Hawaii relied upon was a post Civil War law that required permission to carry firearms on private property. Known as the Black Codes. They were passed to disarm newly freed slave slaves. Sarah Harris, for the government pounced on that after Justice Gorsuch mentioned the other side, called those Black Codes dead ringers for Hawaii's law.
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C
It is 2026 and it is somewhat astonishing that Black Codes which are unconstitutional are being offered as evidence of what our tradition of constitutionally permissible firearm regulation looks like. Those laws are dead ringers only in the sense that this law too is an unconstitutional pro pretext. The Black Codes were offered, as you mentioned, by states before their readmission to the Union. It is not an indictment of the Bruin framework to say that unconstitutional laws do not count in illuminating a valid tradition.
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Justice Alito magnified that.
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So is it not the height of irony to cite a law that wasn't enacted for exactly the purpose of preventing someone from exercising the Second Amendment right? To cite this as an example of.
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B
What the Second Amendment protects, Justice Sonia Sotomayor focused less on US History and more on local custom and expectation about consent. Here she is in an exchange with the US government lawyer.
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F
Most property owners for 200 years didn't carry weapons in this state without an owner's consent. That's the presumption of the whole Hawaiian people.
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There is no second Amendment for every single state in the Union. That's different. It is a national tradition and states cannot retain their pre statehood traditions as sort of a veto for the second Amendment national tradition.
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Given the oral argument, I counted at least five leaning hard against Hawaii. I just don't see how the law survives on these facts in the Bruin era. And that's this week's legal docket.
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Additional support comes from Ambassadors Impact Network, connecting entrepreneurs with Christian investors for capital and spiritual support. Ambassadorsimpact.com from Free Lutheran Bible College grounding students in the Word of God for life in Jesus Christ on campus and in person in Plymouth, Minnesota flbc Edu World and from B and H Academic, their new resource God and Country explores faith and national identity. 40% off lifeway.com godandcountry.
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A
Coming up next on the World and everything in it, the Monday Money Beat.
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Time now to talk business, markets and the economy with financial analyst and advisor David Bonson. David heads up the wealth management firm the Bonsen Group and he is here now. Good morning David.
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F
Well good morning Nick. Good to be with you.
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B
Well now we've been watching this one for some months now and the two Kevins story ended exactly where you thought that it would end. So now Kevin Warsh is officially the President's pick for Fed Chair. We heard that last week Jay Powell's term is coming to an end in a little over three months, so it won't be long before the Senate Banking Committee will be taking up the Warsh nomination. But let's assume that everything goes forward as Planned Warsh does in indeed succeed Powell. What actually matters now from a policy standpoint about this choice beyond the politics of how we got here, I'm happy about it.
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F
And so to me, the former Morgan Stanley economist, former Fed governor himself, former QE critic, the 55 year old Kevin Warsh is going to be the next Federal Reserve Chair. And I believe that he will come in, as you said, and the Wall Street Journal referred to reform minded. And this doesn't mean abolish the Fed reform, it doesn't mean burn it down, it doesn't mean drastically even change some of the mandates, which there's different things that I would want to do in a perfect world that are above and beyond all of that. However, what it does mean, I think is a movement towards the Fed at least operating within its somewhat ambitious mandates with more constraints. And Kevin has editorialized and articulated a vision by which the Fed needs to have a more humble role in the economy and the immediate introduction of liquidity manipulation via things like quantitative easing and other facilities that they represent. That's what Kevin has been most publicly critical of and that's what I'm most publicly critical of, the fact that he's going to cut rates further. And there's no way he would have got the job if he hadn't told the President he will is different. I happen to believe he's going to do the right thing with rates for the wrong reason, or at least for a different reason than the President wants. But nobody was going to get this job who isn't? And so, you know, he's going to be there longer than President Trump will. And we'll see over the body of work how Kevin does as the Federal Reserve Chair. But I will say that I'm very optimistic and pleased.
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B
All right, so we'll be waiting for that transition. But in the meantime, the Fed just held its first meeting of the year 2026 and decided that it would leave interest rates right where they are. Chairman Powell said that rates, his words, are near neutral. And what that means simply is that they are still restrictive. But beyond that. David, did the meeting of the Fed tell you anything about how the Fed sees the economy right now?
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F
There isn't a uniformity in the Fed and how they're seeing the economy. Even people that are voting the same way on rate cuts. You know, Waller said he wanted to cut rates because he was worried about jobs. And Myron said he wanted to cut rates, but he's not worried about jobs. The thing I took away from the Fed meeting last week was that it was the least Fed meeting to have anything to take away in a long time. The market didn't move, bond yields didn't move. There was no real drama. I don't even think it was the lead story in financial media. Now. It happened to come in the midst of earnings season and you had major companies like Microsoft and Meta and Apple all releasing results. So that was a bigger financial market story. But I would love to be in a world where we have a lot more Fed meetings like that where they announce something or in this case announce non action. And it isn't a big hubbub, but you could go back and check. I believe over the last 20 Fed meetings and Fed press conferences that 17 or 18 of them had a whole bunch of volatility and drama and spurts and spikes and this and that. And that's not healthy and not what we want to see.
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B
So we talked about this a few months ago, David, when President Trump fired the head of the Bureau of Labor Statistics and put in a temporary replacement. Now, the BLS is where we get the government core numbers on inflation and jobs. There are some other economic reports that we get, but those are the two big ones. The news last week was the President had named a permanent successor, still a very institutional choice. Longtime career economist Brett Matsumoto. How important is that decision for confidence in the economic reports?
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F
Well, it isn't a person that I'm familiar with or know, but the fact that they're an institutionalist inside with that experience has got to be taken as an encouraging sign. And, and the fact that there isn't a big social media history is a good thing, not a bad thing. This needs to be as close to a data driven, apolitical, no frills, no drama type role as there could be. We are not asking anyone to interpret this data. So I'm not advocating for this neutrality myth where someone doesn't have opinions on things, just that this role is the role of someone who's presenting data from which other people get to go form opinions. And the person that he nominated originally when the prior BLS head was fired, had absolutely no experience, no history, was a social media provocateur, by the way, someone I know and have been in the green room with many, many times, but was just hired for this sort of political provocation. And then the Senate just said, there's, you know, Mr. President, this isn't going to happen, so you're gonna need to find someone else. And he did. I think that he's found now the right person, but at least by their resume, I like what I see.
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B
Okay. So, David, quick question on this one. This is becoming so normal, but again, a partial government shutdown underway. Another one, this one, though, tied to a dispute over immigration policy instead of spending levels. So from an economic standpoint, does this one actually matter or do you just see it as procedural noise?
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F
I don't think this thing that we're going to go through here counts as a shutdown. Nobody's really going to notice it. Funding isn't going to be cut off. There is a kind of procedural element to it, allowing some Democrats to hit up on ice. And I think in the meantime, there's other things moving in Minnesota along the way of what certain people want. But we're not talking about something like what we went through back in the fourth quarter, right?
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B
Well, we've got about a minute left before we go. Dividend cafe. This week you write about rebalancing investment portfolios. It's not, you say, a technical exercise as much as a discipline rooted in humility. What is the kind of core idea you would want world listeners to take away from this week's Dividend Cafe?
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F
Well, of course, I always love if world listeners want to go to dividendcafe.com and read the article or even subscribe. You know, everything there is free. But you know, the issue there, Nick, is a biblical principle about humility, discipline, prudence, wisdom, diversification. And some of the ideas that go behind it are all rooted to ideas that I consider to be very biblical. And no, there's not a biblical normative about what the asset allocation should be or what numbers and thresholds and timing, the actual mechanics of a rebalance should take place. But the idea that we don't know exactly what will happen next, and so we want to contain our upside and downside within reasonable limits. Those are very prudentially wise things to do. And that's what rebalancing a portfolio is about. And, and I make that case in this week's Dividend Cafe.
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B
All right. David Bonson, founder, managing partner and chief investor, investment officer at the Bonson Group. He writes a Dividend Cafe, of course, and at World Opinions. David, I hope you have a terrific week. We'll see you next time.
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F
Thanks so much, Nick.
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B
Up next, the world history book today, one of the biggest scandals in figure skating history.
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A
As the 2026 Winter Olympics kicks off this Friday in Northern Italy, we take a look back to 1994, when figure skaters Tanya Harding and Nancy Kerrigan were getting ready to compete in the Winter Olympics. Competition was fierce and tensions flared. World's Mary Muncie has the story.
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In 1994, Nancy Kerrigan was practicing her figure skating routine the day before the national championship. She was favored to be in the top two and earn a spot at the Olympics. After practice, she walked off the ice, slipping past camera crews and behind a curtain toward an exit. The cameras and Kerrigan's parents found her on the ground holding her knee. She said a man hit her right knee with a black pipe, but she hadn't gotten a good look at him. Soon after, at a different rink, news crews ambushed her main competitor.
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Tanya Harding, what's your take on the Nancy Kerrigan situation? I'm sure it bothers a lot of people. How do you feel about.
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Definitely bothers me.
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I was looking forward to competing against.
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Her, and, you know, I just hope that she's okay.
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Kerrigan sustained a nasty bone bruise, but luckily no break and no ligament damage. Harding and Kerrigan were two sides of the same coin. They both came from poor families that scrimped to pay for lessons. But Kerrigan's home was stable while Harding's was abusive. And when she got married in 1991, she says her husband hit her, too. But a gold medal would bring brand deals and coaching opportunities.
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Live from Joe Louis arena in Detroit, it's the Legs US Figure Skating Championships.
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Kerrigan watched from the sidelines, unable to compete. Harding won first. She was going to the Olympics, but Kerrigan thought she still deserved a spot, too.
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We are waiting for the Olympic team selection.
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Kerrigan told the Olympic committee that she would be able to compete in just six weeks. They believed her.
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C
Okay, it is official now. Nancy Kerrigan and Tonya Harding will go to the Olympic Games representing the United States.
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Kerrigan began physical therapy, while Harding trained harder than ever. The two had very different styles. Harding had a blunt athleticism that made her the first female American figure skater to land a triple axel in competition. But her style had drawbacks. She had to land her difficult jumps to score well. Kerrigan, on the other hand, may not have had the same jumps, but she earned points for fluid choreography. Kerrigan's coach, Mary Scottvold, talked to ESPN in 2014.
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She was a beautiful skater, but she.
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Was a really superior athlete. She jumped so easily that it didn't look difficult when she did it.
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Kerrigan fit the ice princess mold. Graceful, stylish and feminine. She finally stepped back on the ice after four weeks of physical therapy. Meanwhile, Detroit police investigators zeroed in on a suspect in the attack. A Friend of Harding's husband, Jeff Gluley. After some digging, they implicated Gillooly, too. Harding denied any prior knowledge. But when police investigated her, she said after the attack she heard some odd things from Gillooly. She talked to ESPN in the Price of Gold.
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I was scared to death.
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Jeff told me he's going to kill.
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Me if I ever open my mouth about anything.
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Police arrested Gillooly and Harding broke off her relationship with him. Then the Olympic Committee kicked her off the team.
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So I then said, okay, you know what?
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With my attorney, I'm gonna sue you.
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For $10 million because I earned the.
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Right to skate on that Olympic team.
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The committee reconsidered and in February 1994, Harding and Kerrigan took to the ice in Norway. Kerrigan's routine went off without a hitch. Then it was Harding's turn.
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I think they just gave her a.
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Two minute warning, a two minute call.
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The announcer called Harding's name and Tonya.
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Harding, after the warm up, had a.
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B
Problem with her laces.
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It is her turn to be on.
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The ice right now.
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This is a young lady who had.
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A problem with her costume at the U.S. nationals a year ago.
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She had a skate blade break at.
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A Skate America competition in October.
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Over a minute passed before she finally rushed past cameras and onto the ice. She's not gonna hold me.
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E
She escaped the music of Jurassic Park.
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G
The first big jump in her program was supposed to be a triple lutz.
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She had problems with this in the technical program.
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Reaches back with her right foot single.
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In tears, she skated over to the judges and showed them her skate, then rushed off the ice. The judges allowed an equipment change, but her focus was gone.
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F
Tanya, what happened, babe? Tanya, tell us what happened.
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C
My lace broke on my boot and.
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We tried to put it back together and the lace was too small and.
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C
It went out and I just couldn't do it.
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Kerrigan took silver. Harding got 10th. Kerrigan went on to win brand deals and coaching and ice show opportunities. Harding was convicted of hindering the investigation into the attack and received a fine and community service. The US Figure Skating association banned her for life.
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F
That was pretty much the worst thing that could ever happen to me because I didn't have any other source of.
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Where I could go, what I could do. She tried boxing, car repair and landscaping. None of it ever fit like figure skating did. Now she's remarried and has a son. She's told her story to the media often. Kerrigan, meanwhile, has stayed out of that limelight and is still skating.
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F
Everybody that out there that truly knows me, knows that I was not involved in any of the planning or anything.
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That's this week's World History Book. I'm Mary Muncie.
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A
Tomorrow, the US Lays out next steps for its involvement in Venezuela. We'll have a report. And the Gender Revolution targets the daughters of the American Revolution. That and more tomorrow. I'm Mary Reichardt.
- [32:58]
B
And I, Nick Eicher. The world and everything in it comes to you from World Radio. World's mission is biblically objective journalism that informs, educates and inspires. The Bible records Jesus saying, show me the coin for the tax. And they brought him a denarius. And Jesus said to them, whose likeness and inscription is this? They said, Caesar's. Then he said to them, therefore render to Caesar the things that are Caesar's and to God the things that are God's. Matthew, chapter 22, verses 19 through 21. Go now in grace and peace.