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Yellen Says No to Global Billionaire Tax

pgnewser May 22, 2024 0

Janet Yellen, the U.S. Treasury Secretary, has let the world know the United States will not be participating in the global billionaire tax scheme cooked up by nations like Brazil and France. The global tax would be intended to redistribute wealth to poor countries, though the methodology through which that wealth would be distributed was not made clear.

Yellen said of the imitative, “We’re not supportive of a process to try to achieve that. That’s something we can’t sign on to.”

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Excerpt from www.benzinga.com

The U.S. has taken a firm stance against a proposed global wealth tax on billionaires, as announced Monday by Treasury Secretary Janet Yellen.

This idea, championed by Brazil, France and other nations, aims to reduce economic inequality by targeting the global billionaires.

Yellen emphasized that while the U.S. supports progressive taxation, it cannot back a worldwide initiative of this nature, as reported by the Wall Street Journal.

“We’re not supportive of a process to try to achieve that. That’s something we can’t sign on to,” she said.

As the leader of the Group of 20 major economies, Brazil has urged the group to develop a unified approach to taxing extremely wealthy individuals who often relocate their funds to low-tax jurisdictions.

Potential U.S. TikTok Buyer Wants to Decentralize the App

pgnewser May 22, 2024 0

U.S Billionaire Frank McCourt has thrown his hat into the “buy TikTok from the CCP” ring. The billionaire is hoping to turn TikTok into a decentralized app that would be hosted on his decentralized platform Polkadot.

From the press release announcing the bid: … Project Liberty is organizing a bid to acquire the popular social media platform TikTok in the U.S., with the goal of placing people and data empowerment at the center of the platform’s design and purpose… this bid for TikTok offers an innovative, alternative vision for the platform’s infrastructure – one that allows people to reclaim agency over their digital identities and data by proposing to migrate the platform to a new digital open-source protocol.

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Excerpt from www.crypto-news-flash.com

  • Billionaire Frank McCourt is among the parties who have put in a bid for TikTok in the US, and there are reports that he could decentralize the social media giant on Polkadot.
  • McCourt is an outspoken critic of Big Tech and has been calling for users to own their data for years, lending credence to the reports about a big shift in TikTok America’s model.

The future of TikTok in the US could be decentralized, and Polkadot is leading the way to become the network that anchors the social media app with 170 million American users.

Frank McCourt, the real estate billionaire renowned as the former owner of Major League Baseball franchise LA Dodgers, is among the parties interested in purchasing the American operations of the Chinese company. TikTok has been forced into a sale by the Biden administration, which has accused the company of cannibalizing Americans’ data for the Chinese government. It’s not the first attempt to sell off the company to American owners, with a previous push by the Trump administration falling through.

McCourt is leading a consortium of individuals and corporations under his Project Liberty umbrella. He has brought on Guggenheim Securities as the investment bank and Kirkland Ellis as the law firm that will take charge of the deal. He says he has been in talks with several interested parties to partner up on the sale, hinting that participation could be open to the public.

An outspoken critic of the data silo model of Big Tech, McCourt told one news outlet that he intends to rebuild the  social media platform as “a new and better version of the internet where individuals are respected, and they own and control their identity and their data.”

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Germany Decriminalizes Child Pornography Possession

pgnewser May 22, 2024 0

Germany’s Parliament has voted to reduce the possession of child pornography from a felony to a misdemeanor. The bill states “possession and acquisition should be punishable with a minimum penalty of three months’ imprisonment, and distribution with a minimum penalty of six months’ imprisonment, and distribution with a minimum penalty of six months’ imprisonment. The offenses regulated in Section 184b of the Criminal Code are therefore classified as misdemeanors and not as crimes.”

The bill’s proponents claim its purpose is to protect parents and teachers of children who download such material for the purpose of sharing it with law enforcement, but the need to decriminalize child porn possession was never needed since all that was needed was an amendment to the law that took such circumstances under consideration.

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Excerpt from www.louderwithcrowder.com

 

According to Reduxx:

Germany’s Parliament (Bundestag) has received the votes necessary to remove a section of the Criminal Code which made the possession of child sexual abuse materials a felony crime. Once the bill, passed last Thursday, comes into effect, minimum sentences for the possession of child pornography will be reduced, and the offense will be downgraded to a misdemeanor.

According to the Bundestag, the bill stipulates that “possession and acquisition should be punishable with a minimum penalty of three months’ imprisonment, and distribution with a minimum penalty of six months’ imprisonment, and distribution with a minimum penalty of six months’ imprisonment. The offenses regulated in Section 184b of the Criminal Code are therefore classified as misdemeanors and not as crimes.”

The rationale behind the downgrading of the crime to a misdemeanor included consideration for parents and teachers of children who download the content in order to inform law enforcement. “Such cases have occurred particularly frequently among parents and teachers of older children or young people who found child pornography on them and passed it on to other parents, teachers or the school management to inform them of the problem,” reads Article 1 of the bill.

Mar-A-Lago Raid Included Authorization to Kill

pgnewser May 22, 2024 1

The Mar-A-Lago FBI Raid approved by U.S. Attorney General Merrick Garland included authorization to use lethal force, which is standard for all FBI Raids. However, the raid need not have happened in the first place, as it didn’t for Joe Biden, who was given much deferential treatment when the FBI sought to gather his allegedly mishandled top-secret documents.

The agents had instructions to check each room for unaccountable occupants, increasing the risk of an unintended incident at a former President’s residence. The optics of the potential for this raid to go wrong had no effect on the DOJ who could have collected the requested documents without ordering a surprise raid (save to the media who were tipped in advance to assure the event were caught on camera).

Go to Article
Excerpt from thefederalist.com

The FBI was authorized to use “deadly force” against former President Donald Trump when the Biden administration agency raided Mar-a-Lago in search of classified documents, according to newly unsealed court documents shared on X by independent journalist Julie Kelly.

Attorney General Merrick Garland personally approved the unprecedented raid on Trump’s Florida home in the summer of 2022, after which special counsel Jack Smith indicted Trump for allegedly mishandling classified documents. Notably, President Joe Biden also retained classified documents following his tenure as vice president but was not charged by his own Justice Department because prosecutors said he would likely “present himself to the jury, as he did during our interview with him, as a sympathetic, well-meaning, elderly man with a poor memory.”

A newly unsealed operations order reveals the FBI was authorized to use deadly force against the former president if need be, Kelly reported.

“According to an ‘Operations Order’ produced in discovery, the FBI believed its objective for the Mar-a-Lago raid was to seize ‘classified information, NDI [national defense information], and US Government records as described in [the] search warrant,’” the filing by Trump’s legal team states.

Elon Musk reclaims world’s second richest person spot from Jeff Bezos– www.thenews.com.pk

pgnewser May 22, 2024 0

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Excerpt from www.thenews.com.pk

Elon Musk, the CEO of Tesla and SpaceX, has regained his position as the world’s second-richest person, surpassing Jeff Bezos, the founder of Amazon.

Elon Musk, the big boss of Tesla, SpaceX, Neuralink, and X, has jumped back to being the second richest person in the world. He’s now richer than Jeff Bezos, the guy who started Amazon, with his wealth close to $200 billion as of Tuesday. But, he’s still not the richest – that title goes to Bernard Arnault, the top guy at LVMH, a big fashion company.

The increase in Elon Musk’s net worth was caused by a 6% surge in Tesla shares, which are now valued at over $185 each. Despite a dip in late 2021, Tesla’s shares have rebounded, climbing nearly 30% over the past month.

Disney CEO Bog Iger slashes 175 jobs from ‘Toy Story’ studio Pixar– fortune.com

pgnewser May 22, 2024 0

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Excerpt from fortune.com

Walt Disney Co.’s Pixar subsidiary, the pioneering animator that made Toy Story and Finding Nemo, is cutting 14% of its staff, part of an ongoing belt tightening by its parent.

About 175 employees are getting layoff notices Tuesday, the company said.

The reductions reflect a decision to refocus Pixar on feature films and move away from the production of TV series for the Disney+ streaming service. Pixar President Jim Morris outlined the shift in a memo to employees that was seen by Bloomberg.

US Treasury secretary seeks European support in economic war against China– www.wsws.org

pgnewser May 22, 2024 0

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Excerpt from www.wsws.org

Following its imposition of sweeping tariffs on a range of Chinese green technology goods, spearheaded by a 100 percent charge on electric vehicles [EVs], the United States is trying to draw the European Union into its economic warfare against Beijing.

Treasury Secretary Janet Yellen issued what amounted to a call to arms in a major speech yesterday in Frankfurt, Germany, on the importance and strength of the Transatlantic alliance.

After recalling the collaboration with Europe from the Cold War to the NATO operations against Russia in the Ukraine war, she turned to the issue which is front and centre for the US—the existential threat to its global economic dominance it considers is posed by the economic rise of China.

Boeing 767 Gets a 5-Year Reprieve From Climate Rules– www.aviationpros.com

pgnewser May 22, 2024 0

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Excerpt from www.aviationpros.com

Boeing will have five extra years to build its 767 freighters in its Everett plant thanks to a provision in the newly passed Federal Aviation Administration reauthorization bill.

Boeing won’t say what these extra years will mean for the aviation company beyond 2028, when it originally planned to shutter its 767F program because the plane doesn’t meet global aviation carbon emissions standards. Boeing could now sell the plane until 2033, but those planes would be out of compliance with international regulations and could only be flown in the United States.

Still, the company’s machinists and engineering unions last week hailed the extension as a win for workers as the FAA bill was passed by Congress and then signed by President Joe Biden.

IBM winding down Russian operation, laying off employees– uk.news.yahoo.com

pgnewser May 22, 2024 0

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Excerpt from uk.news.yahoo.com

International Business Machines Corp is winding down its business in Russia and has started to lay off its employees in the country, according to a memo to staff sent last week and emailed to Reuters on Tuesday.

After Russia invaded Ukraine in February, IBM joined hundreds of other companies in suspending business in the country. Many others had announced a complete exit from Russia.

“As the consequences of the war continue to mount and uncertainty about its long-term ramifications grows, we have now made the decision to carry out an orderly wind-down of IBM’s business in Russia,” Chief Executive Arvind Krishna wrote to employees.

Krishna told Reuters early last month that he was not sure how much longer the company could pay its employees in Russia in light of escalating sanctions.

Truck Rental Employees in Tennessee Vote Union Out– lidblog.com

pgnewser May 22, 2024 0

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Excerpt from lidblog.com

 

The employees of the Penske Truck Rental company in Nashville and Minneapolis have voted to eliminate their employee union, and in a vote told the International Association of Machinists union to take a hike.

The vote came after the employees officially notified the federal National Labor Relations Board that they were going to move to oust the union.

Per Just the News:

David Saylor filed the Nashville petition and Kyle Fulkerson filed the Minneapolis petition with free legal aid from the National Right to Work Legal Defense Foundation.

The Minnesota workers voted 26-7 on May 1 to remove the union while the Tennessee workers voted 15-8 on May 8 for the removal.

Apple slams DOJ antitrust lawsuit alleging smartphone monopoly, urges dismissal– nypost.com

pgnewser May 22, 2024 0

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Excerpt from nypost.com

Apple said Tuesday it plans to ask a US judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices.

In a letter to US District Judge Julien X. Neals, Apple said “far from being a monopolist, Apple faces fierce competition from well-established rivals, and the complaint fails to allege that Apple has the ability to charge supra-competitive prices or restrict output in the alleged smartphone markets.”

In the letter to the judge, Apple said the DOJ relies on a new “theory of antitrust liability that no court has recognized.”

CEO Mary Barra discusses GM’s shift to hybrids– www.chicagotribune.com

pgnewser May 22, 2024 0

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Excerpt from www.chicagotribune.com

WARREN, Michigan — In her 11th year as CEO of General Motors Co., Mary Barra’s latest test is to ensure that the Detroit automaker’s coming electric vehicles reach profitability by getting mainstream consumers to buy them in competitive global markets.

But in the time since GM first declared it would become all-electric, industry regulations have changed and the pace in the demand for EVs has slowed. Even though EV sales surpassed 1 million for the first time in 2023, data shows they are slowing quarter to quarter. First-quarter EV sales rose 2.6% year over year, but fell 15.2% from the fourth quarter of 2023, according to Kelley Blue Book.

Learning the Right Lessons From the UAW Loss in Alabama– www.thenation.com

pgnewser May 22, 2024 0

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Excerpt from www.thenation.com

Mercedes put on an “A-level boss fight.”  Which was only to be expected. So how can the union win next time?

Mercedes employees Austin Brooks, David Johnston, and Jacob Ryan attend a rally in Tuscaloosa, Alabama, on May 5, 2024. (Kim Chandler / AP Photo)

Late last Friday afternoon, Shawn Fain, president of the UAW, addressed workers at the Mercedes SUV plant in Vance, Alabama, after the union failed in a representation election (2,054 votes in favor, 2,642 against) many had expected them to win. He told them, “Justice isn’t about one vote or one campaign. It’s about getting a voice, getting your fair share.”

Ford Endorses Biden’s Emission Rules Even As Republicans Oppose: Report – Ford Motor (NYSE:F)– www.benzinga.com

pgnewser May 22, 2024 0

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Excerpt from www.benzinga.com

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Ford Motor Co. (NYSE:F) has reportedly provided its support for the Biden administration’s initiative to significantly reduce vehicle emissions by 2032.

Former Home Depot CEO warns Biden’s economy created a ‘wrecking ball’ for the next president– www.foxbusiness.com

pgnewser May 22, 2024 0

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Excerpt from www.foxbusiness.com

 

Former Chrysler Chairman and CEO Bob Nardelli weighs in on the inflationary pressures Americans continue to face and the Biden administration’s missteps that have contributed to economic turmoil.

Former Chrysler and Home Depot CEO Bob Nardelli warned that the fault lines of the economy are “about ready to crack” on Monday, adding that the Biden administration’s alleged policy missteps could leave a cumbersome mess for the next person who sits in the Oval Office to clean up.

“What I’ve seen over the past three-and-a-half years is that a series of debacles and missteps have created a tremendous pressure on the fault lines of our economy, and they’re about ready to crack,” he told FOX Business’ Maria Bartiromo.

Alibaba and Baidu may have a new ‘plan’ to make AI cheaper in China– timesofindia.indiatimes.com

pgnewser May 22, 2024 0

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Excerpt from timesofindia.indiatimes.com

Chinese tech giants Alibaba and Baidu have reduced the prices of their large-language models (LLMs). Other companies and developers in China use these models to train their generative artificial intelligence (AI) products. This move comes as a price war in the cloud computing sector heats up in China.

According to a report by the news agency Reuters, Alibaba’s cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. For example, the report claims that after the price cut, the company’s Qwen-Long model will cost only 0.0005 yuan per 1,000 tokens (units of data processed by the LLM). This price cut will reportedly bring down the cost from 0.02 yuan (Rs 0.23) per 1,000 tokens.

Disney, YouTube Lead U.S. TV Viewing Share– worldscreen.com

pgnewser May 22, 2024 0

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Excerpt from worldscreen.com

Nielsen has launched a new cross-platform media measurement tool, which found that The Walt Disney Company accounted for 11.5 percent of all TV viewing in the U.S. last month, ahead of YouTube at 9.6 percent.

More than 40 percent of Disney’s share was attributable to Disney+ and Hulu, per the Nielsen’s first report of The Media Distributor Gauge. Behind YouTube in third place was NBCUniversal at 8.9 percent, with Paramount at 8.8 percent and Warner Bros. Discovery at 8.1 percent. Netflix fell just outside of the top five at 7.6 percent, with FOX at 6.1 percent. Per Nielsen, 14 media companies reached a 1 percent or greater share of TV usage, including Prime Video, boosted by Fallout, with a gain of 12 percent to reach 3.2 percent of viewing; Scripps (2.3 percent), Weigel (1.5 percent), The Roku Channel (1.4 percent), A+E Networks (1.3 percent), Hallmark Media (1.2 percent) and AMC Networks (1.1 percent).

‘I’m just going to shop online,’ declare Target customers after new store policies ‘take the fun out of the experience’– www.the-sun.com

pgnewser May 22, 2024 0

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Excerpt from www.the-sun.com

TARGET customers have revealed they are doing what they can to avoid the store after the retailer continues to increase anti-theft measures.

Customers have revealed that Target‘s anti-theft measure of locking up merchandise has turned them off from the store.

Anti-theft measures are turning customers off from TargetCredit: Getty
Target’s anti-theft measures were said to ‘take the fun out of the experience’

Senate Democrats Edge Away From Biden in Battleground States – PJ Media– pjmedia.com

pgnewser May 22, 2024 0

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Excerpt from pjmedia.com

 

 

Polls show that 40% of voters in battleground states are either “not too satisfied” or “not at all satisfied” with the choice of Joe Biden or Donald Trump for president. But for Senate Democrats in competitive states, running with an incumbent president whose approval numbers are underwater is a crapshoot.

“If you go out there and do a focus group, the focus groups all say, ‘He’s 200 years old. You got to be kidding me.’ And the worst part about it is for unaffiliated voters or people that haven’t made up their mind, they look at this and say: ‘You have to be kidding us. These are our choices?’ And they indict us for not taking it seriously,” said a Democratic senator who requested anonymity.

Biden Admin Scrambles to Create Regulations Before Possible Trump Win › American Greatness– amgreatness.com

pgnewser May 22, 2024 0

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Excerpt from amgreatness.com

Liz Sheld is the senior news editor at American Greatness. She is a veteran political strategist and pollster who has worked on campaigns and public interest affairs. Liz has written at Breitbart and The Federalist, as well as at PJ Media, where she wrote “The Morning Briefing.” In her spare time, she shoots sporting clays and watches documentaries.

Supreme Court Refuses to Hear Challenge to Maryland’s ‘Assault Weapons’ Ban– slaynews.com

pgnewser May 22, 2024 0

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Excerpt from slaynews.com

The United States Supreme Court has refused to hear arguments in a challenge against Maryland’s anti-Second Amendment ban on so-called “assault weapons.”

The Supreme Court decided not to jump the line and rule on the case while a lower court is still considering it.

It was an expected ruling and the court did not elaborate on it.

The court is also considering whether to weigh in on a similar ban in Illinois, which is already being appealed.

Meet the Judges Elected in Georgia’s 2024 Nonpartisan Primary Election– www.law.com

pgnewser May 22, 2024 0

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Excerpt from www.law.com

 

 

 

 

 

 

 

 

 

 

 


 

 

Page Printed From:

https://www.law.com/dailyreportonline/2024/05/22/winners-and-losers-meet-the-judges-elected-in-georgias-2024-nonpartisan-primary/

(Credit: BillionPhotos.com / AdobeStock)

NEWS

More than 30 challengers attempted to unseat Georgia judges in the May 21 nonpartisan primary election, but only three succeeded.

May 22, 2024 at 08:23 AM

7 minute read

 

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What You Need to Know

  • More than 30 challengers attempted to unseat Georgia judges, but only three succeeded.
  • Voters booted incumbent jurists from the Carroll County Magistrate, Clay County Magistrate/Probate and Douglas County Probate Court benches.
  • At least five incumbent judges now face June 18 runoff elections in the races for Effingham County State Court, Brantley County Probate Court and Jasper, Stewart and Thomas County Magistrate Court.

The results are in.

More than 30 challengers attempted to unseat Georgia judges, but only three succeeded.

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Democratic AZ senator files ethics complaint against ‘fake electors’– fronterasdesk.org

pgnewser May 22, 2024 0

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Excerpt from fronterasdesk.org

Democratic state Sen. Brian Fernandez filed an ethics complaint against Republican Sens. Jake Hoffman and Anthony Kern, two of the so-called fake electors indicted by an Arizona grand jury.

Fernandez asked Senate President Warren Petersen (R-Gilbert) last month to temporarily remove Hoffman and Kern from the legislative committees they chair, pending the outcome of the fake elector criminal case.

“I think it’s really important for us to just take a step back and let the process happen,” Fernandez said after making that request. “They’ll still be senators and if they’re proven innocent, I think that they should be reinstated.”