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Post by mhbruin on Apr 8, 2024 6:23:33 GMT -8
Just sold my homing pigeon on eBay for the 22nd time.
The Dirty Secret About DJT Stock #1 - Bribery
You want to bribe a President? If Previous Guy gets re-elected, you offer to buy 100,000 shares of his shares at $50 per share, if he pushes as policy you like.
The Dirty Secret About DJT Stock #2 - Stock Fraud
Michael Popok at MeidasTouch is a former Securities and Exchange Commission lawyer. He knows what he is talking about. He argues that there are dozens of lawyers in Delaware who are right now searching for anyone who lost money on Truth Social stock, because there is a class action lawsuit coming that just writes itself.
The rules for being an officer and/or a stockholder in a publicly traded company are very different than the rules for a family-owned business. Trump can brag and lie all he wants about Trump Inc because only his family owns an interest in the company. But when you are operating a publicly traded company, making false statements to artificially keep a stock price high, despite contradictory evidence in audited financial statements, is known on Wall Street as a pump-and-dump scheme. Those false statement can be a cause for fines and penalties from the SEC. But even more importantly, those false statements can be used by private shareholders who may have lost money on the stock as a result. Even a shareholder who owns one share, and may have only lost twelve dollars in the past week, has a right to sue the blathering idiot who claims that Truth Social is a thriving enterprise, when the SEC filings show that it is flailing and likely to fail. Then that lawsuit can be expanded to include the class of all stockholders who also lost money. There are literally billions of dollars at stake.
Popok uses Trump’s recent social media posts bragging about how great Truth Social is and how valuable its stock shares are as a straightforward example of pumping and dumping. Even if the SEC might be reluctant to fine a Presidential candidate, financial legal specialists will have no such qualms. The lawyers are already frothing at the mouth and fighting for their place at the trough.
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Post by mhbruin on Apr 8, 2024 7:43:06 GMT -8
No Word on How Many Shares the Billionaires Need to Buy
Donald Trump promised to keep billionaires’ taxes low at a fundraising dinner Saturday night in Palm Beach, Fla., held at the home of billionaire John Paulson.
Trump’s campaign told media that the fundraiser yielded more than $50.5 million for Trump’s campaign, his political action committee, the Republican National Committee (RNC) and state parties — although that total has not been independently verified. If Trump’s numbers are accurate (reminder: a court found that Trump committed fraud by lying about his net worth), they would set a record and nearly double the $26 million Biden brought in during a New York City fundraiser with former presidents Bill Clinton and Barack Obama.
It's Not Just the WSJ. Plenty of News Outlets "Reported" This.
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Post by mhbruin on Apr 8, 2024 7:45:33 GMT -8
Witness for the Prosecution of Witless
"She was in the thick of those conversations," said a former federal prosecutor when asked about what one "important witness for the prosecution" could bring to Donald Trump's hush money case involving payments to an adult film star.
Legal analyst Renato Mariotti appeared on MSNBC Sunday, where he was asked about Trump's various legal issues. He first discussed how it was "possible" the New York judge in the former president's civil fraud case could reject Trump's bond altogether due to paperwork that wasn't properly filed.
Mariotti was asked about former Trump aide Hope Hicks, who is reportedly scheduled to be a witness in the upcoming criminal hush money trial against the ex-president.
"What could she reveal in her testimony?" the host asked.
"There were records from the federal prosecutors in particular who took a look at this, that Hope Hicks was on conversations and calls with Michael Cohen and Donald Trump, which is important," he answered. "Michael Cohen, when you're talking to an attorney or in this case, he was probably operating more as a fixer. In any event, Trump at that point was being very forthcoming with Michael Cohen."
He continued:
"She was in the thick of those conversations. On phone calls with Trump and Cohen. She was texting with Cohen during that time period. It is important because the intent matters here. Trump says his intent in making these payments and covering up that fact in his books and records was essentially to spare his wife some embarrassment from the fact that he was unfaithful. The district attorney is alleging it was actually part of a scheme to influence the election and he lost interest in hiding this once he got elected president. His intent, and his words on the calls and is going to be very important. I think Hope Hicks will be an important witness for the prosecution."
Where There's Hope, There's Evidence
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Post by mhbruin on Apr 8, 2024 7:47:35 GMT -8
Plastic People, Oh Baby, Now You're Such a Drag
The amount of plastic waste littering the Earth's ocean floors could be up to 100 times the quantity floating on the surface, according to a study published this week.
Researchers at the Commonwealth Scientific and Industrial Research Organization (CSIRO)—an Australian government agency—and the University of Toronto in Canada found that up to 11 million tons of plastic are polluting the planet's ocean floors, including microplastics and larger objects like fishing nets, cups, and bags.
"We know that millions of tons of plastic waste enter our oceans every year but what we didn't know is how much of this pollution ends up on our ocean floor," CSIRO senior research scientist and study co-author Denise Hardesty said in a statement. "We discovered that the ocean floor has become a resting place, or reservoir, for most plastic pollution, with between 3 to 11 million tons of plastic estimated to be sinking to the ocean floor."
Study leader Alice Zhu, a doctoral candidate at the University of Toronto, said that "the ocean surface is a temporary resting place of plastic so it is expected that if we can stop plastic entering our oceans, the amount would be reduced."
"However, our research found that plastic will continue to end up in the deep ocean," Zhu stated. "These findings help to fill a longstanding knowledge gap on the behavior of plastic in the marine environment."
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Post by mhbruin on Apr 8, 2024 7:49:42 GMT -8
Panama Papera Are Not What You Use to Roll Your Weed.
Twenty-seven people are set to go on trial on Monday for money laundering in connection with the "Panama Papers" tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies.
The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub.
The defendants due to go on trial in a Panamanian criminal court include Jurgen Mossack and Ramon Fonseca Mora, the founders of the now-defunct law firm at the center of the scandal.
The leaked trove of 11.5 million files from their company Mossack Fonseca implicated influential figures including billionaires, politicians and even sports stars.
Icelandic prime minister Sigmundur David Gunnlaugsson was forced to resign after it was revealed his family had offshore accounts.
Then Pakistani prime minister Nawaz Sharif was disqualified for life from office after being implicated in the documents.
Others implicated included former British premier David Cameron, football star Lionel Messi, Argentina's then president Mauricio Macri, Spanish filmmaker Pedro Almodovar, to name but a few.
Those Are Zig-Zag Papers
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Post by mhbruin on Apr 8, 2024 7:53:16 GMT -8
If It's Boeing, I'm Not GoingAirline regulators in the US have begun an investigation after an engine cowling on a Boeing 737-800 fell off during take-off and struck a wing flap. The Southwest Airlines flight returned safely to Denver International airport at about 08:15 local time (15:15 GMT) after originally departing to Houston. The aircraft had 135 passengers and six crew members on board and rose to about 10,300 feet (3,140m) before landing. The incident comes amid manufacturing and safety concerns at Boeing. How Boeing Lost Its WayThey Moved Their Headquarter From Seattle Where Their Planes Are Made to Chicago Where Sausage is Made to DC Where Nothing is Made.
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Post by mhbruin on Apr 8, 2024 7:55:14 GMT -8
The Latest and Greatest Cancer Drug May Not Be the GreatestThe U.S. Food and Drug Administration’s accelerated approval program is meant to give patients early access to promising drugs. But how often do these drugs actually improve or extend patients’ lives? In a new study, researchers found that most cancer drugs granted accelerated approval do not demonstrate such benefits within five years. “Five years after the initial accelerated approval, you should have a definitive answer,” said Dr. Ezekiel Emanuel, a cancer specialist and bioethicist at the University of Pennsylvania who was not involved in the research. “Thousands of people are getting those drugs. That seems a mistake if we don’t know whether they work or not.” The program was created in 1992 to speed access to HIV drugs. Today, 85% of accelerated approvals go to cancer drugs. Many cancer drugs remain unproven 5 years after accelerated approval, study finds
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Post by mhbruin on Apr 8, 2024 7:57:13 GMT -8
He Wants to Be Able to Practice Law to Raise Money to Defend Himself From Charges of Legal Malpractice.
The sorry saga of John Eastman Esq., one of Donald Trump’s many former attorneys, is swiftly transitioning from “cautionary tale” into a decidedly more absurd phase. Eastman is currently navigating through life under a suspended law license—a fact that, at least theoretically, makes him ineligible to dazzle clients and judges with his esteemed legal acumen.
His professional infirmity owes itself to a judge’s decision last week to recommend that Eastman be disbarred from the practice of law in the state of California. Eastman is appealing that ruling to the California Supreme Court, but in the meantime, his license to practice law is forfeit, per the judge’s order. The reasons for that recommendation were meticulously detailed in a 128-page ruling by Judge Yvette Roland, who is responsible for overseeing the state bar’s disciplinary proceedings relating to Eastman’s alleged professional misconduct.
Those charges of misconduct stem from Eastman’s purported attempts to obstruct the 2020 electoral vote count and assist Trump in his failed effort to remain in power after losing that year’s election. These alleged actions led to Eastman’s indictment last August in Fulton County, Georgia, on multiple criminal charges relating to the attempted theft of that election. Eastman is also widely assumed to be an unindicted co-conspirator in the case against Trump relating to the insurrection of Jan. 6, 2021, currently pending in the Washington D.C. federal district court.
As a result of these criminal charges, Eastman has purportedly incurred substantial legal fees amounting, thus far, to approximately a million dollars. But deprived of his license to practice law, Eastman now claims he is unable to raise the money to pay those bills.
So this week, as Katelyn Polantz reports for CNN, he petitioned the California court to lift his suspension pending appellate review of the judge’s decision. This is supposedly to allow him to make money both to defend against the current charges leveled against him, and to continue his representations of current clients, including Reps. Matt Gaetz and Marjorie Taylor Greene, in matters relating to the cancellation by municipalities of 2021 political rallies that the Republican representatives had planned to hold in the Golden State.
Eastman is essentially arguing that he should be permitted to practice law to pay the cost of defending himself against the alleged crimes and professional malfeasance which prompted the court’s recommendation for his disbarment in the first place. It’s not clear that Eastman perceives the staggering irony in this request, but it’s highly unlikely that the California court charged with ruling on Eastman’s motion will miss it .
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Post by mhbruin on Apr 8, 2024 8:00:10 GMT -8
Somebody is High as a Kite
Why is the Press Making Trump Seem More Normal?
Believe it or not, much of the political press has an inadvertent pro-Trump bias
Hewitt: Mr. President, are you suggesting President Biden’s using cocaine?
DJT: I don’t know what he’s using, but that was not, hey, he was higher than a kite. And by the way, it was the worst, it was the worst address I’ve ever seen, the State of the Nation. I’ll tell you, State of the Union, that’s not State of the Union, because he doesn’t represent us properly. That, I can tell you. But he’s obviously, he’s being helped in some way, because most of the time, he looks like he’s falling asleep. And all of a sudden, he walked up there and did a poor job. But he was all jacked up.
This is pure insanity, but perhaps the funniest part of the whole thing is that Hewitt just changed the subject and moved on to a series of questions about Trump’s vice presidential selection process.
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Post by mhbruin on Apr 8, 2024 8:01:16 GMT -8
Did He Get a Vaccination in Afghanistan?
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Post by mhbruin on Apr 8, 2024 8:05:11 GMT -8
Note to 23 Million Young Voters. Elections DO Matter.
President Joe Biden will announce on Monday plans to ease student debt that would benefit at least 23 million Americans, his administration said, addressing a key issue for young voters whose support he needs as he seeks re-election in November.
The plans, which the Democratic president is set to detail in Madison, Wisconsin, include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income, which Biden's administration estimates would eliminate the entirety of that interest for 23 million borrowers.
Progressive voters, whom Biden hopes will support him against Republican challenger Donald Trump, have long urged the White House to address student loan debt. Biden's administration has taken a string of actions despite the U.S. Supreme Court blocking his initial plan last year.
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Post by mhbruin on Apr 8, 2024 8:10:38 GMT -8
Never Trust a CarneyIn his sentencing memo Thursday, U.S. District Judge Cormac J. Carney made it clear why he was letting Tyler Laube off lightly. It wasn’t just because of what Laube did or didn’t do – the defendant had already confessed to beating a journalist at a 2017 Southern California rally and pleaded guilty to violating riot laws as part of a white-supremacist gang. Laube deserved a light sentence, Carney said, because prosecutors should have focused on leftist groups. In a 22-page memo, Carney repeatedly said prosecutors have “ignored” violence committed by Antifa and instead focused on targeting people like Laube — Trump supporters and members of the far-right. “Sentencing Mr. Laube to additional incarceration would only increase the disparity between his punishment and the lack of punishment (and prosecution) members of far-left groups who have committed the same violent conduct received,” Carney wrote. The sentence: time served, 35 days, rather than the six months prosecutors had sought. The same day Laube received his light sentence at the federal courthouse in Santa Ana, the largest-ever prosecution of members of Antifa in American history was going to trial just 89 miles away. Saying prosecutors should focus on Antifa, judge frees white supremacist in beatingThe federal judge’s strong words — and clear political bent — are as unusual as they are uninformed, legal experts told USA TODAY. “He’s really gone off the deep end,” John Donohue, a professor at Stanford Law School, said of Carney.
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Post by mhbruin on Apr 8, 2024 8:13:56 GMT -8
They Got the $200 Million By Selling Worthless Stock
On Sunday morning Devin Nunes, the CEO of TMTG, and former Trump-fluffing GOP congressman, was interviewed by Maria Bartiromo on Fox News.
Bartiromo introduced Nunes and asked him pointedly, "When would you expect this company to turn profitable?" Notice that Nunes never comes close to answering the question. Instead, he rambles incoherently about unrelated and/or imaginary obstacles that he says the company has faced. And true to the Trump ethos, the company was a victim of a devious cabal of covert enemies conspiring against it.
"Look, it's important to remember that those numbers are based on what was the longest IPO in history. So we were over regulated. So if you actually look at the cost we built Truth Social - our beachhead against Big Tech, an impenetrable beachhead that everybody said couldn't be done without using Big Tech companies - that was built for a fraction of what many of these Big Tech dinosaur companies were built for. So even if you take the ridiculous cost that it took us to get to this point, we are well positioned. Why are we well positioned? Because we have no debt. We're coming out of this with no debt, a platform that works really, really well, that communicates to millions of people. And then we have $200 million in the bank."
At Around 9 am, DJT is Down Another 10%.
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