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A former longtime Democratic lawmaker is once again calling for President Biden to step aside and end his 2024 bid for a second term in the White House. 

‘We have to rip the band aid off! Too much is at stake,’ former Rep. Tim Ryan of Ohio emphasized in a social media post on Tuesday.

Pointing to Vice President Kamala Harris, Ryan argued that ‘@VP has significantly grown into her job, she will destroy Trump in debate, highlight choice issue, energize our base, bring back young voters and give us generational change. It’s time!’

in his post, Ryan linked to an opinion piece he wrote in Newsweek which starts with him noting that ‘I ran for President in 2020. I was the first Presidential candidate to endorse Joe Biden in 2020. I love America. I love our Party. I love Joe Biden. The Democratic Nominee in 2024 should be Kamala Harris.’

Biden, who at age 81 is the oldest president in the nation’s history, is facing the roughest stretch of his bid for a second term in the White House. This, after his halting delivery and stumbling answers at last week’s first debate with former President Trump sparked widespread panic in the Democratic Party and spurred calls from political pundits, editorial writers and some party politicians and donors for Biden to step aside as the party’s 2024 standard-bearer.

In his two 2020 Democratic presidential primary debate appearances in the summer of 2019, the then-congressman from Ohio known for his populist outreach to blue-collar workers tangled a couple of times with the then-former Vice President Joe Biden.

However, after dropping out of the nomination race in the autumn of 2019, Ryan endorsed Biden.

Fast-forward to 2022, and as the Democratic Senate nominee in Ohio, a high-profile election showdown with now GOP Sen. JD Vance, Ryan said multiple times that he did not believe Biden should run for re-election in 2024.

‘No, I’ve been very clear. I’d like to see a generational change,’ Ryan said at an October 2022 debate.

Additionally, last November during an interview with CNN, Ryan reiterated that ‘I don’t think the president should run.’

Ryan, who turns 51 later this month, wrote in his opinion piece that Biden pledged during the 2020 campaign ‘to be a bridge President to the next generation. I liked that idea. I envisioned him defeating former President Donald Trump, stabilizing the country, and passing the torch to the next generation.’

‘Regrettably, that bridge collapsed last week. Witnessing Joe Biden struggle was heartbreaking. And we must forge a new path forward,’ Ryan argued.

Fox News reached out to the Biden campaign for reaction to Ryan’s comments but had yet to receive a response at the time this article was posted.

Biden is not the only top Democratic politician Ryan has urged to step aside.

Following the 2016 election, Ryan unsuccessfully challenged then-former House Speaker Nancy Pelosi for minority leader. While Pelosi – who would two years later once again win back the Speaker’s gavel – easily dispatched Ryan, his challenge was credited with leading Pelosi to enact changes to House Democrats’ leadership.

This post appeared first on FOX NEWS

Former White House press secretary Jen Psaki has agreed to sit down with House GOP investigators probing the Biden administration’s withdrawal from Afghanistan, Fox News Digital has learned.

Psaki will appear for a closed-door transcribed interview with the House Foreign Affairs Committee on July 26 as part of the panel’s long-running probe into the chaotic August 2021 operation, according to a letter sent to the chair of the House Foreign Affairs Committee, Rep. Michael McCaul, R-Texas, the content of which was obtained by Fox News Digital. 

White House deputy counsel Rachel Cotton wrote in the letter that the committee’s request to hear from Psaki ‘raises serious separation-of-powers and Executive Branch confidentiality issues.’

‘Nevertheless, as an extraordinary accommodation, we will authorize Ms. Psaki to participate in a voluntary transcribed interview accompanied by personal counsel and the White House Counsel’s Office subject to appropriate terms and conditions for the interview,’ the letter said. ‘In order to allow the White House Counsel’s Office to assess possible Executive Branch confidentiality issues that may arise during Ms. Psaki’s interview, please provide a list of topics the Committee would like to raise with Ms. Psaki or arrange a call with the White House Counsel’s Office to discuss those topics.’

Cotton went on to say the White House expects the lawmakers ‘to follow the longstanding practice of engaging with the White House to help us better understand the scope of the testimony sought,’ so they can best cooperate while remaining ‘consistent with Executive Branch confidentiality interests.’

Fox News Digital reached out to Psaki’s personal attorney for comment.

Psaki was President Biden’s first White House press secretary, serving in the role during the U.S. military’s two-week operation ending its presence in Afghanistan after 20 years. 

A source close to the committee’s Republican majority told Fox News Digital that investigators believe she made multiple untrue claims in that role, and want to find out how much blame she shares for making those allegedly false statements while performing her role as a spokesperson.

The committee also plans to confront her with gaps in what she told reporters in the White House briefing room and information others involved in the withdrawal said they told the White House at the time, the source suggested. They will be looking into whether Psaki knowingly made misleading claims, as Republicans suggest, or whether inaccurate information was fed to her, the source said. 

Specifically, GOP investigators want to know whether the Biden administration – including the State Department and the Department of Defense – failed to provide accurate assessments to Psaki or, alternatively, was the information being channeled through national security adviser Jake Sullivan, who may have misrepresented agency inputs to the White House press secretary. 

The source said Republicans are looking into whether the Biden administration was choosing politics over policy, potentially hiding the truth from the American people. 

During last week’s presidential debate, Biden made the stunning omission of the 13 U.S. service members killed during the Afghanistan withdrawal, claiming: ‘Truth is I’m the only president this century that doesn’t have any – this decade – that didn’t have any troops dying anywhere in the world, like [President Trump] did.’

Blasting Biden on the House floor the next day, McCaul said, ‘That is a lie, Mr. President. I’d like to remind President Biden of the 13 service members that died on his watch during a terrorist attack at Abbey Gate on August 26, 2021, during his deadly and chaotic withdrawal from Afghanistan.’ 

He then read the names of those killed: Marine Lance Cpl. David Lee Espinoza, Marine Sgt. Nicole Gee, Marine Staff Sgt. Darin Taylor Hoover, Army Staff Sgt. Ryan Knauss, Marine Cpl. Hunter Lopez, Marine Lance Cpl. Rylee McCollum, Marine Lance Cpl. Dylan R. Merola, Marine Lance Cpl. Kareem Nikoui, Marine Sgt. Johanny Rosario Pichardo, Marine Cpl. Humberto Sanchez, Marine Lance Cpl. Jared Schmitz, Navy Corpsman Maxton (Max) Soviak, and Marine Cpl. Daegan William-Tyler Page. 

In addition to those 13, three U.S. service members died in a drone attack in Jordan earlier this year.

The investigation by McCaul has been viewed by Democrats as one of the less partisan probes launched by the House GOP majority in this Congress.

McCaul authored a report that examined the Biden administration’s decisions and actions in detail after the president, on April 14, 2021, announced his decision to unconditionally withdraw all U.S. military personnel from Afghanistan by Sept. 11, 2021. 

‘Over the following four months, the administration repeatedly delayed critical action that was necessary to mitigate the likely consequences of the decision,’ according to the report’s executive summary. ‘The result of their inaction was a chaotic Non-combatant Evacuation Operation (NEO) where 13 U.S. servicemembers lost their lives and more than 800 Americans were abandoned behind enemy lines.’ The report examines the aftermath, including ‘Taliban seizure of power, the chaotic and deadly evacuation, and the long-term impact the withdrawal has had on the United States and our allies.’ 

This post appeared first on FOX NEWS

In this edition of StockCharts TV‘s The Final Bar, available to watch below, Dave celebrates the S&P 500 closing above 5500, laments the lack of market breadth, and provides updates on the infamous Hindenburg Omen. He also breaks down key levels to watch on charts of V, MA, TSLA, and more.

This video originally premiered on July 2, 2024. Watch on our dedicated Final Bar page on StockCharts TV!

New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

Amazon (AMZN) has broken out into all-time high territory, closing at $200.02 (above last week’s all-time high mark of $199.84).

AMZN stock is firing on all cylinders and ready to take on all AI titans as it enters the space from the e-commerce angle. Some analysts believe Amazon’s AI initiatives—particularly in healthcare, advertising, e-commerce, and cloud computing—could push the company towards a massive $3 trillion valuation.

Amazon dominates US e-commerce with a whopping 37.6% market share, and its AWS leads the cloud market. Given its dominant position and AI adoption, analysts predict nearly 30% annual earnings growth for the next few years.

Analyzing AMZN Stock, Technically

Technically, as is the case fundamentally, AMZN’s price action is firing on all cylinders (see chart below).

CHART 1. DAILY CHART OF AMAZON. Amazon’s SCTR score is over the 90 line, which is exceedingly bullish.Chart source: StockCharts.com. For educational purposes.

AMZN’s SCTR score is now soaring above the 90 line (dashed line in top panel), which indicates technical bullishness across several indicators and timeframes. Based on the Chaikin Money Flow (CMF) reading, buying pressure and momentum show no signs of slowing.

Eyes on AMZN Stock Breakout Point

Amazon just breached the $199.84 level (see heavy dotted-blue line on AMZN stock price chart), entering all-time high territory. Analysts’ top price target is $245, which could change based on broader economic conditions and Amazon’s AI moves in the coming quarters.

All rallies take a break. If AMZN’s stock price dips, the following are key support zones to watch for buying opportunities:

First stop. Between $191 and $192, where AMZN broke above its 2021 all-time highs.Next up. Amazon’s price often bounces off the 50-day and 100-day simple moving averages (SMAs), which investors use as entry points. These might continue to be solid buy zones.Broader range. The Ichimoku Cloud lays out additional support levels, aligning with current supports. The green, rising, and widening cloud is a bullish sign.

It’s About Earnings

Amazon expects to report its next earnings on August 1, 2024, after market close (this is subject to change). Earnings results and guidance can significantly sway market sentiment, so keep a close eye on the levels if you’re trying to time your buys (or sells).

The Bottom Line

AMZN’s stock price smashed its all-time high, closing at $200.02. With its dominance in e-commerce and cloud computing, and now combined with new AI initiatives, some analysts see a path to a $3 trillion valuation. Technically, Amazon’s indicators are bullish, with the SCTR score soaring and strong buying momentum. Keep an eye on support zones if the stock dips, and watch out for the next earnings report.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

In this video from StockCharts TV, Julius assesses the long-term trends as they are playing out on the monthly S&P 500 sector charts. He takes a look into the future using the expected seasonal trends for the month of July. Markets are still going higher, but the path ahead is narrowing.

Click here to see Julius’ public ChartList.

This video was originally broadcast on July 1, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past episodes of Julius’ shows can be found here.

#StayAlert, -Julius

S&P 500 earnings are in for 2024 Q1, and here is our valuation analysis.

The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an undervalued P/E of 10 (green line). Annotations on the right side of the chart show where the range is projected to be based upon earnings estimates through 2025 Q1.

Historically, price has usually remained below the top of the normal value range (red line); however, since about 1998, it has not been uncommon for price to exceed normal overvalue levels, sometimes by a lot. The market has been mostly overvalued since 1992, and it has not been undervalued since 1984. We could say that this is the “new normal,” except that it isn’t normal by GAAP (Generally Accepted Accounting Principles) standards.

We use GAAP earnings as the basis for our analysis. The table below shows earnings projections through March 2925. Keep in mind that the P/E estimates are calculated based upon the S&P 500 close as of March 29, 2024. They will change daily depending on where the market goes from here. It is notable that the P/E is outside the normal range.

The following table shows where the bands are projected be, based upon earnings estimates through 2025 Q1.

This DecisionPoint chart keeps track of S&P 500 fundamentals, P/E and yield, and it is updated daily — not that you need to watch it that closely, but it is up-to-date when you need it.

CONCLUSION: The market is still very overvalued and the P/E is still well above the normal range. Earnings have ticked down, but are projected to trend higher for the next four quarters. Being overvalued doesn’t require an immediate decline to bring valuation back within the normal range, but high valuation applies negative pressure to the market environment.

Watch the latest episode of DecisionPoint on StockCharts TV’s YouTube channel here!

(c) Copyright 2024 DecisionPoint.com

Technical Analysis is a windsock, not a crystal ball.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

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BROWNSVILLE, Texas — The United States is producing less than 1% of the wind power it wants to generate by 2030. But an enormous boat promising to change that is about 89% built, and when it’s done next year, the real race to catch up begins.

The ship, named the Charybdis after a mythological Greek sea monster, won’t set sail until next year, potentially after one of the most pro-green energy administrations in history has left the White House. And as Eric Hines, the director of Tufts University’s offshore wind energy graduate program, puts it, “We’re going to need somewhere on the order of five of these installation vessels in just a few years.”

The Biden administration wants the U.S. to generate 30,000 megawatts from wind power within the next five and a half years. As of last year, that figure stood at just 42 megawatts, putting the nation far behind Europe — which added 18,300 megawatts of new wind energy capacity in 2023 alone, according to WindEurope.

The Charybdis under construction at a Brownsville, Texas, shipyard.Dominion

In recent years, constructing massive offshore windmills has come with headwinds from supply chain snags to higher interest rates. But the U.S. faces an added logistical puzzle from a 100-year-old maritime law that, along with those other factors, has contributed to project delays and even cancellations.

The outcome of November’s election isn’t likely to affect the Charybdis, whose operator plans to take advantage of green energy tax credits in the Inflation Reduction Act. But the prospect of a new administration much less keen on renewables could hamper additional projects.

Republican presidential candidate Donald Trump claimed at a New Jersey rally in May that offshore wind installations harm whales, saying, “We are going to make sure that ends on day one. I am going to write it out in an executive order.” (“There are no known links between large whale deaths and ongoing offshore wind activities,” the National Oceanic and Atmospheric Administration has said.)

The first major parts of the boat were laid down in 2020, kicking off a $625 million project between Dominion Energy and Seatrium AmFELS, which is building the massive vessel in its Brownsville, Texas, shipyard. At over 30,000 tons and with 58,000 square feet of deck space, the Charybdis will be able to transport 12 blades at a time, each measuring 357 feet and weighing 60 tons.

We’re going to need somewhere on the order of five of these installation vessels in just a few years.

Tufts University Prof. Eric Hines

Just as important as its technical specs, the boat will also be able to meet the requirements of the Jones Act, a 1920 merchant marine law that says cargo shipped from one point to another within the U.S. must be carried by an American vessel. And so far, there’s no American vessel capable of carrying wind turbine parts directly from shore to installation sites miles off the coast.

The Charybdis’ first project will be Dominion’s offshore wind farm under development 24 miles east of Virginia Beach. Once completed, its 176 turbines are expected to deliver 2,600 megawatts of energy, enough to power over 900,000 homes. But to install its first two pilot turbines, it had to stage the parts in Canada to comply with the Jones Act, adding long travel times and related costs.

“Obviously, you don’t want to install a large project like that,” said Mark Mitchell, the Dominion Energy senior vice president overseeing the Coastal Virginia Offshore Wind project — which, at $9.8 billion, is currently the largest and priciest in the country.

This post appeared first on NBC NEWS

Starbucks cafes across the country are starting to change how they make drink orders, among other tweaks designed to reduce bottlenecks and long wait times that have dogged the chain.

The overhaul comes as the coffee giant prepares for an anticipated swell of orders through its mobile app.

At the heart of the plan is Starbucks’ “Siren Craft System,” a series of processes that aim to make baristas’ jobs easier and speed up service times for customers. Starbucks said more than 10% of its 10,000 stores have already implemented the system, which includes changing the production order for hot and cold drinks. It will be deployed across North America by the end of July, according to the company.

Executives hope the changes will provide a much needed jolt to Starbucks. In April, the company reported a disappointing second quarter, as U.S. same-store sales fell 3% and traffic dropped 7%. The coffee chain cut its 2024 outlook.

Starbucks reported rates of incomplete mobile app orders in the mid-teens and said occasional customers came in less. CEO Laxman Narasimhan mentioned the need to make improvements to stores.

The most immediate shift that needed to happen in cafes was better handling the unexpected, Katie Young, SVP of store operations at Starbucks, told CNBC in an interview. 

“It’s the ability to flexibly respond to things we cannot predict,” she said.

The store changes will be key this month, as Starbucks on Monday started opening up its app to non-rewards members, which the company believes will increase traffic and orders.

“My sense is that they have a lot of demand in certain stores, and the footprint of the kitchen is so small, you have to find ways to be more efficient,” BTIG Managing Director Peter Saleh said. 

Losing customers because of slow orders and other store frustrations could cost Starbucks at a particularly vulnerable time. Americans have become cost conscious in the face of ongoing inflation, and in some cases have pulled back on morning or afternoon beverages and snacks. Narasimhan in April said consumers are spending more cautiously.

Starbucks has done something uncharacteristic in recent weeks, joining the stream of value offerings with a $5 food and beverage combo option. Communicating value to customers is also part of the plan to drum up business. 

Starbucks has been diagnosing the bottleneck issue for more than a year, since the company’s reinvention plan rollout in 2022, said Young. At the time, Howard Schultz was at the helm, having returned during a burgeoning unionization movement and shifts in consumer preferences. The changes underway in cafes were first previewed that fall, to be rolled out in the years to come. Narasimhan took over for Schultz in March 2023. 

The Siren Craft System processes were developed with worker feedback on which issues stopped them from creating beverages and connecting with customers. 

Starbucks plans to add a role akin to an expediter in a restaurant production line, a “play caller” who steps away from production and helps solve for logjams in cafes, handling tasks like restocking cups or helping when an unexpected crowd arrives. The company plans to train existing workers for the role or potentially add new baristas, if needed.

“One of the pain points we saw was [that] our espresso machine was often running all the time, and that was one of the things that kept our partners from being able to check in. And another thing we saw that you didn’t necessarily know was which part of the store would get crowded,” Young said. “We needed to actually have a partner that was dedicated when things got busy to pulling out of production and just helping.”

Starbucks will also change the order in which beverages are made. Previously, cold drinks were prioritized from start to finish, even if a hot beverage order came in first, as pulling espresso shots was the last step. This could create a traffic jam in the drive-thru, for example, if a person ordered one of each beverage, as the cold item would be ready while the hot drink was still in production. 

Macoy McGlaughlin, manager of Seattle’s First and Walker Starbucks location, said producing beverages in the order they were placed allows for a faster, streamlined process.

“We actually have proper sequencing between our hot and cold bars, versus cold bars becoming as popular as ever, to really have a consistent experience for the customers. So we’re actually making them in the order they’re coming in,” McGlaughlin said, adding that the cafe feels busier, but customers in store and in the drive-thru are getting drinks faster. 

Baristas also will have more control over the company’s Digital Production Manager, an iPad system that controls the sequencing of orders in various channels from cafes, mobile orders and the drive-thru. Workers will have more flexibility over changing order priority.

Young said the app changes added a sense of urgency to the Siren training rollout. She feels confident stores will be ready if traffic increases.

Mobile order and pay will also be available on third-party platforms to reach more customers. 

The potential increase in traffic and workloads come as some baristas for years have raised issues about staffing and scheduling, particularly employees who have sought to organize with the Workers United union. In internal surveys and in bargaining committee meetings, union-represented workers consistently rank it as their highest priority issue.

Starbucks says it has made significant progress over the past two years on staffing and scheduling.

BTIG’s Saleh said the company has moved uncharacteristically slowly.

“The Siren System was first introduced at its investor day in 2022 with Howard [Schultz] at the helm,” said Saleh. “Historically, Starbucks doesn’t do anything slowly. They move quickly, find something they like and roll it out fast.”

Young said the Siren Craft changes have provided a “material reduction” in things like wait times for orders. Starbucks said that in stores where the company has used the Siren Craft System to optimize operations, it has seen an increase in the number of customers served at peak times that it estimates to be worth 1 percentage point of comparable sales annually.

“We feel very confident about the investments we’ve made in our staffing system and all the precision we can bring there,” Young said. “But no system or internal efforts can predict that today, a group of high school kids decided to gather all their friends and pop in at 2 p.m., when we normally wouldn’t see a lot of business.”

Additional store changes will also involve a slower rollout of new equipment under the same Siren moniker, with a custom ice dispenser, milk-dispensing system and faster blenders to reduce steps for baristas and get drinks to customers faster. Equipment investment will take multiple years, Young said. She added that updated equipment, coupled with the new training processes in store, has led to meaningful returns on investment. Ten percent of stores will have the Siren equipment by the end of the year.

Young said Starbucks wants customers to feel like wait times are better managed and that “everyone is just in a good place even when it gets busy.”

This post appeared first on NBC NEWS

Hunter Biden is accusing Fox News in a lawsuit of distributing “revenge porn” by broadcasting nude images of him as part of a miniseries that was available on the conservative outlet’s streaming service, Fox Nation.

Biden, the son of President Joe Biden, claims in his complaint, filed Sunday, that Fox violated the state of New York’s revenge-porn statute, which criminalizes publishing intimate images of a person without their consent.

“In addition to the unlawful commercial exploitation of Mr. Biden’s image, name, and likeness, ‘The Trial of Hunter Biden’ unlawfully publishes numerous intimate images (both still and video) of Mr. Biden depicting him in the nude, depicting an unclothed or exposed intimate part of him, as well as engaged in sex acts,” the suit states.

It continues: “Fox published and disseminated these intimate images to its vast audience of millions as part of an entertainment program in order to humiliate, harass, annoy, and alarm Mr. Biden and to tarnish his reputation.”

Fox aired “The Trial of Hunter Biden: A Mock Trial for the American People” on its Fox Nation streaming platform in October 2022.

The network took the program down earlier this year, but the suit states Fox has not yet removed promotional reels and clips, and that its series remains accessible on third-party streaming platforms.

Biden also accuses the network of unjust enrichment and intentional infliction of emotional distress.

In a statement, Fox called the suit ‘entirely politically motivated’ and ‘devoid of merit.’

‘The core complaint stems from a 2022 streaming program that Mr. Biden did not complain about until sending a letter in late April 2024,’ a network rep said. ‘The program was removed within days of the letter, in an abundance of caution, but Hunter Biden is a public figure who has been the subject of multiple investigations and is now a convicted felon. Consistent with the First Amendment, FOX News has accurately covered the newsworthy events of Mr. Biden’s own making, and we look forward to vindicating our rights in court.”

Biden was found guilty on federal charges last month of lying about his drug use to obtain a firearm, a felony. He is appealing. 

He is also facing a trial over federal tax-related charges, to which he has pleaded not guilty.

This post appeared first on NBC NEWS

After Bronny James was drafted by the Lakers, putting him on the same team as his dad (maybe you’ve heard of him), an ESPN insider said something that resonated with me. It was in response to the uproar about LeBron, Bronny and nepotism. I didn’t understand why there was so much uproar about it when nepotism is the NBA way. When it’s the American way. This insider put it all in perfect perspective.

‘I don’t want to hear these charges, people talking about nepotism. The NBA is full of nepotism,’ Adrian Wojnarowski said. ‘The ownership level, front offices, coaching. I don’t want to hear it all of a sudden because Bronny James’ father plays for the Lakers. It is rampant in this league.’

It’s rampant not just in the NBA. It is rampant everywhere.

Nepotism is a mechanism mainly for the powerful and has been for centuries. It’s almost canon. It’s also not just the super rich. A middle class dad gets his son a job in the company where he works. The 2010 U.S. census outlined just how extensive nepotism is in the country. It said that 22% of men whose fathers were present in their teenage years will work for the same employer simultaneously as their fathers. 

There isn’t a part of society where you don’t see it. Donald Trump’s administration was full of family members and lackeys. He took nepotism to levels no one has ever seen and likely will ever again. The NFL is rife with nepotism. There are enough Belichicks to fill an NFL coaching staff. Sports broadcasting overflows with it. There’s nepotism in officiating.

It’s all over sports. Shedeur Sanders plays for his father, Deion, at Colorado. Austin Rivers played for his father, Doc, while both were with the Los Angeles Clippers.

USA TODAY Sports’ NFL Coaches Project examined nepotism in the league. In 2022, 12 of the 34 NFL head coaches (including two interim coaches) were related to current or former ones. Of the 717 on-field coaches that season, at least 93 (13%) had a father, son or brother who was a current or former NFL coach. 

The Bronny specific criticism is this level of nepotism is different because he’s going to get a roster spot because of his dad. That kind of parsing is just silly. Nepotism is nepotism. There’s nothing different about this than Cowboys owner Jerry Jones having several of his kids working in the team’s front office. The James family is actually using a low-grade form of nepotism. Compared to some of the other forms of it, this is nothing.

In fact, what’s unusual about the James situation is that you don’t normally see people of color taking advantage of nepotism. Historically we haven’t had the resources to do it. This isn’t to say it’s never existed. It’s just rare. In the NFL, for example, according to USA TODAY Sports’ research for the NFL Coaches Project, just 5.4% of coaches of color had family connections.

‘We live in a country where nepotism has taken place with white folks religiously forever. We’ve said little to nothing about it,’ said ESPN’s Stephen A. Smith. ‘In the NBA specifically, in a league where at least 70% of the players are Black, we’ve seen nepotism with white folks all over the place … and now this happens with LeBron James, a member of the Mount Rushmore of basketball, and all of a sudden you’ve got people running their mouths.’

This isn’t a defense of nepotism. Nepotism can be problematic (same with bosses hiring their buddies). One of the biggest issues is it demolishes any chance of diversifying the workforce.

It’s just comical, almost weirdly so, why the James family engaging in it has led to such an uproar.

There’s also the fact that with Bronny, he’s not a totally unqualified kid. Bronny has been preparing for this moment his entire life. Is he good enough to be on the Lakers? We don’t know yet. What we do know is that like his dad basketball has been his life.

There are stirring photos of Bronny and his father in gyms and at games at various stages of Bronny growing up. This is one of the more amazing father-and-son stories you will ever see.

It’s not a perfect situation. The biggest problem is less about nepotism and more about the pressure Bronny will feel carrying the James name while being on the same team as his father. This situation is unprecedented and who knows how it will impact that family.

Austin Rivers, in June, spoke about that challenge. ‘I hope for the kid that he can not only play in the NBA, but play somewhere where he can (carve) out his own identity,’ Rivers said. ‘His name’s already Bronny. Everything we talk about him goes back to his dad. He plays at USC and his dad plays down the street for the Lakers. It’s just an insane situation. I’m a fan of Bronny, but I hope he goes somewhere else, I really do.’

As for the nepotism? This is far from catastrophic.

That’s because it’s very American.

This post appeared first on USA TODAY