The Morning Dispatch: Hurricane Ida Devastates Louisiana

Plus: Should the Federal Reserve change course on quantitative easing?

Happy Monday! As journalists, we are wont to obsess over the tiniest details, rewriting passages over and over again until we feel they are perfect—or an editor forces us to hit publish.

All that’s to say, thank you to Universal Music Group for allegedly just going ahead and releasing Kanye West’s latest album yesterday without his approval. Somebody needed to intervene and end the months of tinkering.

We wish our “rough drafts” were as good as Kanye’s.​​

Quick Hits: Today’s Top Stories

  • American forces conducted at least two drone strikes in Afghanistan over the weekend, hitting a pair of ISIS-K planners in Nangarhar province on Friday and on Sunday taking out an explosive-filled vehicle in Kabul believed to be an “imminent” ISIS-K threat to Hamid Karzai International Airport. President Joe Biden had said on Saturday that a terrorist attack was “highly likely in the next 24-36 hours,” leading the U.S. Embassy in Afghanistan to warn Americans to leave the airport immediately.
  • The Pentagon on Saturday confirmed the identities of the 13 U.S. servicemembers killed in Kabul last week. The casualties range in age from 20 to 31. President Biden traveled to Dover, Delaware, yesterday to attend the dignified transfer of the soldiers’ remains and meet with the service members’ families.
  • In an interview with the New York Times, 83-year-old Supreme Court Justice Stephen Breyer acknowledged that he is weighing retirement at some point in the near future. “I don’t think I’m going to stay there till I die,” he said. “Hope not.”
  • The United Nations’ International Atomic Energy Agency reported over the weekend that North Korea appears to have resumed operation of its Yongbyon nuclear reactor, which was believed to be inactive from December 2018 through July 2021.
  • The Office of the Director of National Intelligence released an unclassified summary of the intelligence community’s investigation into the origins of COVID-19 on Friday. Although the various agencies were able to “reach broad agreement” that SARS-CoV-2 “probably” emerged no later than November 2019 and that Chinese officials did not have foreknowledge of the virus before the outbreak, they could not come to firm conclusions on where the outbreak originated. “China’s cooperation most likely would be needed to reach a conclusive assessment of the origins of COVID-19,” the summary concludes. “Beijing, however, continues to hinder the global investigation, resist sharing information and blame other countries.”
  • A state judge ruled on Friday that local school districts in Florida can impose mask requirements on students and teachers, finding that the DeSantis administration’s efforts to punish districts that do so violated the Florida Constitution. A spokesperson for Gov. DeSantis said the state plans to appeal the ruling.
  • Actor Ed Asner—known for his Emmy-winning performance as Lou Grant on “The Mary Tyler Moore Show”—died on Sunday at the age of 91. Legendary reggae singer and producer Lee “Scratch” Perry died on Sunday in Jamaica at the age of 85.

Ida Hits

(Photograph by Mark Felix/AFP/Getty Images.)

Louisiana Gov. John Bel Edwards said at a news briefing on Saturday that Hurricane Ida “will be one of the strongest hurricanes to hit anywhere in Louisiana since at least the 1850s.” He was right.

Hurricane Ida was downgraded to a tropical storm over night, but it made landfall in Louisiana as a Category 4 storm twice on Sunday afternoon, first in Port Fourchon and then again a few hours later in Lafourche Parish. Its 150 mph winds tied it with last year’s Hurricane Laura and 1856’s Last Island Hurricane for the strongest hurricane to ever hit Louisiana.

Residents were quick to feel the effects: As of early Monday morning, more than 1 million Louisianans—and 43,000 Mississippians—were without power, and one of the state’s energy providers, Entergy Corp., said in a statement Sunday that customers in the hardest hit areas of the state could be blacked out for a while.

“Based on historical restoration times, customers in the direct path of a Category 4 hurricane can experience outages up to three weeks,” the statement read. “Significant damage, flooding and accessibility challenges due to the storm will affect our ability to reach some areas of our territory right away and could delay restoration in those communities.”

The storm will have plenty of other downstream effects—or upstream effects, as the U.S. Geological Survey found that Ida temporarily reversed the course of the Mississippi River, causing it to flow south to north. According to the Bureau of Safety and Environmental Enforcement, approximately 95 percent of oil and gas production in the Gulf of Mexico has been shut off.

Is It Time for the Fed to Stop Buying Bonds?

Every year, the Federal Reserve Bank of Kansas City hosts an economic policy symposium in Jackson Hole, Wyoming, with the goal of “bring[ing] together economists, financial market participants, academics, U.S. government representatives and news media to discuss long-term policy issues of mutual concern.” It’s a pretty swanky event, as far as economic policy symposia go.

But this year’s summit was virtual, and the reason why was a repeat topic of conversation. “At the [Federal Open Market Committee’s] recent July meeting, I was of the view, as were most participants, that if the economy evolved broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year,” Federal Reserve Chair Jerome Powell said in his keynote speech on Friday. “The intervening month has brought more progress in the form of a strong employment report for July, but also the further spread of the Delta variant.”

Brokers on Wall Street—and power brokers in Washington—were focused on Powell’s remarks last week as investors waited to see if he would join the growing chorus of central bankers calling for a tapering of the Federal Reserve’s $120 billion in monthly U.S. Treasury bonds and mortgage-backed securities.

“It is a question of when, not a question of if,” Minneapolis Federal Reserve President Neel Kashkari said earlier this month regarding the Fed’s bond-buying. “There’s a lot of public discussion about, will it be at the end of this year, will it be the beginning of next year: Those seem like reasonable ranges of deliberation, but ultimately it will be driven by the data.”

Worth Your Time

  • A group of Washington Post reporters put together a remembrance of the 13 U.S. servicemembers who lost their lives in last Thursday’s terrorist attack. The mother of 20-year-old David Espinoza from Rio Bravo, Texas, now has a “David-sized hole” in her heart that “nobody can fill.” Nicole Gee of Roseville, California, had just texted her dad from Afghanistan a few days before her death. “She said she was having the experience of her life,” her father said. “And I told her I was proud of her.” Wyoming’s Rylee McCollum, 20, had just gotten married in February and was expecting his first child. “Roice McCollum said that her family and McCollum’s wife, Jiennah, who lives in San Diego, are devastated, but that ‘we knew he was where he wanted to be: serving his country.’”
  • For ABC News, James Gordon Meek tells the harrowing story of a volunteer group of American veterans of the Afghanistan war who conducted a clandestine mission—dubbed “Pineapple Express”—to get hundreds of at-risk Afghans to safety. “With the uniformed U.S. military unable to venture outside the airport’s perimeter to collect Americans and Afghans who’ve sought U.S. protection for their past joint service, they instead provided overwatch and awaited coordinated movements by an informal Pineapple Express ground team that included ‘conductors’ led by former Green Beret Capt. Zac Lois, known as the underground railroad’s ‘engineer,’” Meek writes.
  • “The massacre at Hamid Karzai airport was the consequence of President Biden’s decision to rely on the Taliban for security,” Matthew Continetti argues in a column for the Washington Free Beacon. “Despite the lunacy of taking the Taliban at its word, the Biden administration sounded in recent days as if Haqqani, Mujahid, and the rest of their deranged crew were U.S. partners. Not only did Biden’s botched withdrawal result in America’s departure from Central Asia, Taliban rule in Afghanistan, a catastrophe for democracy and human rights, and a propaganda boon for the global jihadist-Salafist movement.”

Presented Without Comment

Toeing the Company Line

  • We’ve heard a lot about ISIS-K in recent days. In Friday’s Vital Interests (🔒), Tom Joscelyn explains what the group is and what we know about how they operate. “Al-Muhajir’s men are prolific terrorists,” he writes. The U.N. Assistance Mission in Afghanistan documented 77 attacks that were either claimed by ISIS-K or attributed to it in the first four months of 2021 alone. Some of these were carried out in Kabul, where al-Muhajir’s network has regularly targeted civilians, as well as the now deposed Afghan government.”
  • In his Sunday French Press, David argues that it’s time to stop rationalizing and enabling Evangelical vaccine rejection. “America is chipping away at vaccine reluctance,” he writes. “[But] the remaining vaccine holdouts are growing more extreme, and significant parts of the Christian Right are enabling, excusing, and validating Evangelical behavior that is gravely wrong and dangerous to the lives and health of their fellow citizens.”
  • Rep. Mike Gallagher of Wisconsin dropped by Friday’s Dispatch Podcast with Steve and Sarah to discuss the Biden administration’s withdrawal from Afghanistan. The Marine Corps veteran explains what he’d like to see from the White House going forward and the national security platform he’d push for the GOP to adopt.
  • On the site over the weekend, Alec reviewed Marvel’s new multiverse-centric TV show, What If. “Disney has long been the leading purveyor of nostalgia in film, churning out remake after sequel after reboot with no end in sight,” he writes. “…But what if instead of relying on old properties, Disney produced original content? That’s a ‘what if’ worth exploring.”
  • Chris Stirewalt asks an important question in a piece on the site today: Who, if anyone, would have handled the Afghan withdrawal better than Biden? It’s a tough question with no reassuring answer
  • Khuzestan province is home to 80 percent of Iran’s oil fields and 60 percent of its natural gas reserves, yet its residents are poverty stricken and thirsty. On the site day, Charlotte looks at what was behind protests that broke out in the region in July and finds that it’s more than water shortages.

Reporting by Declan Garvey (@declanpgarvey), Andrew Egger (@EggerDC), Charlotte Lawson (@charlotteUVA), Ryan Brown (@RyanP_Brown), Harvest Prude (@HarvestPrude), and Steve Hayes (@stephenfhayes).