🇬🇧 Good Thursday morning. It's Election Day in the U.K. — "Brexmas," as it's being called.
Photo: Drew Angerer/Getty Images
Despite the surging stock market, New York officials estimate bonus payouts by Wall Street firms will shrink by at least 9% from last year — to about $25 billion, down from $27.5 billion, Axios' Courtenay Brown reports.
Bonuses are typically handed out — or at least announced — this month through the beginning of next year.
Another factor: More banks are opting for deferred forms of compensation, like stock instead of cash.
By the numbers: The average bonus paid to Wall Street employees in New York City was $153,700 in 2018 — a decline of 17% from the prior year, despite an upturn in the broader industry's profits. Fewer dollars were spread among a larger number of people.
House Judiciary Chairman Jerry Nadler opens the markup of the articles of impeachment yesterday. Photo: J. Scott Applewhite/AP
"Senate Republicans are coalescing around a strategy of holding a short impeachment trial early next year that would include no witnesses," the WashPost reports.
"Several GOP senators ... said it would be better to limit the trial and quickly vote to acquit Trump, rather than engage in what could become a political circus," per the Post.
🥊 Sen. Lindsey Graham (R-S.C.) told Axios' Alayna Treene: "I'm not in the camp of calling a bunch of witnesses. ... I think as an American, the best thing we do is deep-six this thing."
About a quarter of the U.S. population lives in areas likely to be difficult for the census to accurately count next year, Axios' Stef Kight and Courtenay Brown write.
Why it matters: "Hard to count" often translates to underrepresentation. The 2020 census will be the basis for allocating political power and government funding for the next decade.
Orthodox Jewish men carry the casket of Mindel Ferencz, co-owner of the grocery store, outside a Brooklyn synagogue. Photo: Mark Lennihan/AP
"An assailant involved in the prolonged firefight in Jersey City, N.J., that left six people dead, including one police officer, was linked on Wednesday to the Black Hebrew Israelite movement, and had published anti-Semitic posts online," report the N.Y. Times' Michael Gold and Ali Watkins.
"There is no question that this is a hate crime," Jersey City Mayor Steven Fulop told reporters. "And anti-Semitism should be called out aggressively and firmly — immediately — for what it is."
Senate Judiciary Committee Chairman Lindsey Graham holds up a copy of the Steele dossier during yesterday's hearing. Photo: Win McNamee/Getty Images
Republican and Democratic senators used the Justice Department inspector general's report on the origins of the Russia investigation to support their views that it was a legitimate probe or a badly bungled farce, AP reports.
Horowitz concluded that there was a proper basis to open the investigation and that that decision did not appear motivated by political bias.
Bloomberg in San Francisco yesterday. Photo: Eric Risberg/AP
Mike Bloomberg's spending on the 2020 election is going well beyond Mike Bloomberg.
Bloomberg is also giving $5 million to Stacey Abrams' voter-protection efforts.
Between the lines: The most likely path for Bloomberg depends on a brokered convention, where superdelegates — political insiders — would be vital.
Photo: Nicholas Kamm/AFP via Getty Images
Michelle Obama's memoir, "Becoming," will mark one year — 52 weeks — on the New York Times hardcover nonfiction bestseller list on Dec. 22.
Between the pages: The former first lady's blockbuster sets a high bar for her uber-competitive husband, who has been working hard on his own big book.
Photo: Alex Wong/Getty Images
HHS Secretary Alex Azar and Centers for Medicare and Medicaid Services Administrator Seema Verma both still have their jobs after a meeting at the White House last night, report Axios' Jonathan Swan and Caitlin Owens.
The bottom line: The pair's scorched-earth tactics have made it hard to imagine them having a productive working future, but both have strong allies — and enemies — inside the administration, making it equally difficult to predict whether either will be forced out.
TIME named climate activist Greta Thunberg as its youngest-ever Person of the Year yesterday (see her cover), but it also expanded its honors for the first time to recognize influential people across a range of categories.
A four-person committee of scientists told Major League Baseball that balls this year had less drag on average than in previous seasons, contributing to a power surge that resulted in a record number of home runs, AP's Jake Seiner reports.
Scientists recommended MLB consider installing humidors at all 30 ballparks "to reduce the variability in storage conditions" and install atmospheric tracking systems in each stadium.
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