Social Network: Facebook founder Mark Zuckerberg and his wife Priscilla Chan announced the birth of their first child, a girl named Max. And to mark the occasion he announced that during the course of their lives he and his wife will give nearly all their Facebook shares, currently valued at $45 billion, to a foundation to be called the Chan Zuckerberg Initiative to focus on “personalized learning, curing disease, connecting people and building strong communities.”

Zuckerberg said on Facebook, “We will give 99% of our Facebook shares — currently about $45 billion — during our lives to advance this mission. ” He said, “We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others.”

According to a financial filing Zuckerberg plans to give away $1 billion a year for the next three years, but he does not intend to relinquish control of the company.

Chicago Fired: Chicago mayor Rahm Emanuel has fired the police commissioner after his department spent a year fighting the release of a video that showed an officer shooting a teenager 16 times. Emanuel had hired Chief Garry F. McCarthy, who for a while oversaw a declining murder rate. But murders and shootings are up in the past year and then came the apparent cover-up of the Laquan McDonald shooting. Emanuel said yesterday that McCarthy “has become an issue, rather than dealing with the issue, and a distraction.”

The public was stunned when it saw the video revealing what looks like an act of police murder of a teenager carrying a small knife, and angry that the police had tried to keep a lid on the recording. It’s always the cover-up that gets you.

Chicago Misfire: FBI agents in Chicago have arrested a 21-year-old man whose online threat to shoot people at the University of Chicago shut down the campus Monday. Police say Jabari Dean had threatened to kill 16 white people, one for each of the bullets that killed Laquan McDonald in October of last year. The message went on, “I will then die killing any number of white policemen that I can in the process. This is not a joke.”

Real Money: Congressional negotiators from both parties yesterday reached an agreement on a $300 billion transportation bill that would pour money into the country’s cracked and aging bridges and highways. The bill bears the Orwellian propaganda name the “FAST Act” for “Fixing America’s Surface Transportation.”

It’s interesting to note that the Republicans approved this enormous spending bill for fossil fuel transportation on the same day they voted to cripple President Obama’s ambitious plans for cutting greenhouse gas emissions.

Permawar: The NY Times reports that The Islamic State’s hopes for an actual working statehood are beginning to crumble under the pressure of an international bombing campaign and strained finances. The paper reports, according to people who have fled Islamic State territory, that ISIS is losing its income from smuggling oil and relying increasingly on oppressive taxes.

And with thousands of people exiting, ISIS is left without doctors and no one to run the electrical grid and oil equipment. One teacher told the Times, “ISIS wants to build a new society, but they’ll end up all alone.”

Pass the Salt: Chain restaurants in New York City are now required to post warnings about the amount of salt in their food. Chains with more than 15 outlets in the city will have to put a salt shaker icon on menu items that have 2,300 milligrams or more of salt.

H(R)C: The Associated Press says that from now on references to the political candidate known to the public mostly as “Hillary,” but formerly known as Hillary Rodham Clinton, will be referred to here on as merely Hillary Clinton. For years the former senator and secretary of state used all three names. It was the name she used as an author and for signing legal documents.

The AP internal memo says that, “The campaign has branded itself from the start as Hillary Clinton. When asked, the campaign says to go with Hillary Clinton.” But to everyone else, she’s still “Hillary.”

Now, let’s talk about being a girl named Max.

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