Who needs TV legal dramas when you can watch real life? [Bloomberg](
This is Bloomberg Opinion Today, a Large, Complex, Detailed but Irrefutable REPORT on Bloomberg Opinionâs opinions, which will be greatly improved once you complete [this survey](. Todayâs Agenda - Trumpâs [legal woes](.
- Drinking [deaths rose](.
- Alexaâs hitting [new lows](.
- Liquidityâs drain [grows](. Trumpâs Suits I happen to be one of the [quintillion]( people [binge-watching Suits]( right now. I know, I know: Why am I spending countless hours of my life on a crusty legal drama that aired on cable in 2011? But trust me when I say that itâs so, so good. And oddly therapeutic! It takes you back to the old days of TV in a nostalgic, I-used-to-watch-White-Collar-with-my-mom sort of way. Anyhoo, last night I couldnât help but gawk at [this little exchange]( between paralegal Rachel â played by Meghan Markle â and Donna, the secretary for hotshot lawyer Harvey Specter: As I was watching this episode, I received an iPhone alert that Donald Trump and a few of his top administration officials (some of them [lawyers](!) were indicted in Georgia over efforts to manufacture votes there in the 2020 election. Is it fate? Is it [karma](? I donât know, but the fact that the former presidentâs hotshot lawyers â [Rudy Giuliani](, [Kenneth Chesebro]( and [Sidney Powell](, among others â couldnât stop this particular chapter of the so-called Witch Hunt from weaseling its way into the history books does feel rather cosmic. Trump, in a [measly attempt]( to push back on the charges, is preparing for [a news conference]( where he will unveil what he calls a âLarge, Complex, Detailed but Irrefutable REPORT.â You would think a document like that would serve a valuable purpose in a courthouse, not a golf club, but alas. âLike any 77-year-old wandering alone and howling at the sky and storms like King Lear, Trump can say whatever he wants,â Timothy L. OâBrien [writes](, âbut that doesnât entitle him to do whatever he wants.â Fulton County District Attorney Fani Willis has a boatload of discernible [evidence]( â including Trumpâs one-hour phone call to Georgiaâs secretary of state, Brad Raffensperger, where he point-blank asked him to sabotage the vote: âI only need 11,000 votes. Fellas, I need 11,000 votes.â As truth would have it, fellas, he did not get those 11,000 votes. Instead, the former president now faces 91 criminal charges spanning four indictments, which could theoretically land him [hundreds of years]( in prison. In a new episode of [Crash Course](, Tim and Charlie Sykes [explain how]( this puts the US electorate in an âunprecedented position,â especially since Trump is âthe clear [front-runner]( for the Republican Partyâs presidential nomination in 2024.â Itâs not every day you see a presidential candidate with a [calendar]( dotted with more court dates than campaign events. âThe notion that a rap sheet with multiple felonies would not be automatically disqualifying would have stunned the 44 presidents who came before him, including the Republicans,â Peter Baker [wrote]( in the New York Times. I imagine it would have stunned the producers of Suits, too, but [here we are](. Bonus DOJ Reading: The executive branch is prosecuting both the former president and the current presidentâs son. There has to be [a better way](. â Noah Feldman Wine OâClock âWant to split a fifth tonight?â In college, I got asked this question more times than Iâd care to admit. Having gone to a so-called party school, the act of âsplitting a fifthâ â a 750-mL bottle of hard alcohol â with a friend or a date at a party was as normal as sharing a bucket of popcorn with a pal at a movie theater. Nowadays, the kids prefer to bring their own [BORGs]([1](#footnote-1) to tailgates and social gatherings, but the general principle â to get absolutely obliterated â is still the same. Which brings me to [this chart]( from Lisa Jarvis: More American women are dying from alcohol than ever before â a trend thatâs happening in tandem with the rise of Instagrammable [catchphrases]( engineered to appeal to women, like ârosé all dayâ and âain't no laws when you're drinking [Claws](.â The thing is, there are laws â the laws of the human body. And for women, our bodies âhave less water (which can dilute the alcohol), more fat (which can retain it) and lower levels of a metabolic enzyme (which breaks it down before it gets into the bloodstream),â Lisa explains. When combined, those factors put women on a fast track to experience alcoholism, liver inflammation, cardiovascular disease and even cancer. A [recent study]( found that increased alcohol consumption is occurring âamong the highest levels of education, highest level of family income and occupations that are considered more prestigious.â In other words: The âquiet luxuryâ crowd is throwing back one too many [negroni jello]( shots. Lisa says the [normalization]( of excessive consumption has allowed the alcohol industry to capitalize on the segment of women by releasing splashy [hard seltzers](, [canned]( [cocktails]( and [summer spritzers]( that are tailor-made for #[winemoms](. The worst part is that most women donât have the tools â or information â they need to make educated decisions when having a drink. With a little bit of learning, maybe, just maybe, we can normalize the [half-pour](. hAIkus Itâs been a hot minute since I went all Emily Dickinson on you fools, so letâs get to it! The following haikus are inspired by the writings of Adrian Wooldridge, Hal Brands and Dave Lee. And before you ask, no, I did not use AI to write these ⦠even if you think theyâre bad enough to have been created by a chatbot: Fearful CEOs
hear â[FASTER PLEASE](,â and worry
about AIâs [reach](. âYou fired [2](#footnote-2)Alexa???â
No, no: Dave Limp! He [stepped down](.
[ChatGPT]( wins. Hey, [Oppenheimer](!
âAre nukes like AI?â This time,
build it and find out. Telltale Charts You know when youâve been working somewhere for way too long that it becomes incredibly embarrassing to ask someone a remedial question â like, whereâs the printer?? Or, how do I get to the fourth floor? You should have learned these things on, like, Day 1! So you just wait around until someone else asks the stupid question youâve been too shy to ask. Thank you, John Authers, for being that someone. Today in his [newsletter]( he asked [a question]( I have long had: âWhat is liquidity, and does it really matter?â In an incredibly simplified sense, John says liquidity has to do with the flow of cash through small pipes and big pipes. Sometimes there are money plumbers â the Fed â to unclog (ew, sorry) liquidity issues when they arise. But as for the âdoes it really matterâ question, Isabelle Lee says itâs a slippery slope. When you look at the downward line on this chart, the drain in liquidity weâre experiencing looks really bad. The thing is, this drain should be impacting markets, but so far, it has not. Plus, when you zoom out, itâs not nearly as dramatic as it seems. âThe supply has shrunk over the last 12 months, but thatâs after the massive increase in the early months of the pandemic,â he explains. In reality, weâre still $4 trillion above where we were before the pandemic. That doesnât seem so bad after all: Further Reading The Fed needs to keep an [open mind]( about raising rates. â Bloombergâs editorial board The [deeply sad lawsuit]( of The Blind Side NFL player Michael Oher. â Stephen L. Carter 2018 may have been the year that [crude oil]( demand hit its peak. â David Fickling Are [cooking videos]( better than cookbooks? Cast [your vote](. â Bobby Ghosh China, a champion of socialism? Thatâs [a dubious claim](. â Minxin Pei British retail has been full of failure lately. [Wilko]( is more of the same. â Andrea Felsted Foxconn isnât about to let [a good downturn]( go to waste. â Tim Culpan Chinaâs failed â[super embassy](â in the UK is a lesson in democracy. â Matthew Brooker ICYMI Americaâs lost [millionaires]( (and [billionaires](). The Caspian Seaâs [ghost yachts](. The Midwestâs most expensive [ZIP code](. The tarmac is [a dangerous place](. Kickers Itâs International [Apostrophe Day](! (h/t Ellen Kominers) Is going [barefoot]( better for your health? Why did everyone [look so old]( back then? Sweetgreen gets into the [chip business](. Notes: Please send cooking videos and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Threads](, [TikTok](, [Twitter](, [Instagram]( and [Facebook](. [1] For the uninitiated, âBlack Out Rage Gallonsâ are customizable âparty jugsâ that contain a combination of [MiO](, water and hard alcohol. [2] Controversial as it may be, fired [can be]( monosyllabic. I don't make the rules!!! Follow Us You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox.
[Unsubscribe](
[Bloomberg.com](
[Contact Us]( Bloomberg L.P.
731 Lexington Avenue,
New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](