DIRS.INFO The most relevant business & tech news

☆ Trump's potential Truth Social earnout is an avenue for outside interests if he becomes president, experts say
▼ + stars: | 2024-04-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

The Truth Social app is being displayed on a smartphone with Truth Social visible in the background. Donald Trump's scheduled earnout through the parent company of Truth Social presents opportunities for outside interests if he were to defeat Joe Biden and become president again, according to experts. "When President Trump returns to the White House, he will continue to follow ethics guidelines," Steven Cheung, Trump's spokesperson, said in an email. The new Trump media stock has been on a wild swing since it began trading. To the extent users prefer a platform that is not associated with President Trump, TMTG's ability to attract users may decrease," the Trump Media and Technology Group wrote in a filing.

Persons: Donald Trump's, Joe Biden, Trump, Virginia Canter, Canter, Biden, Steven Cheung, He's, Kedric Payne, Payne, Peter Schiff, President Trump Organizations: Truth, Trump Media, Technology, Securities and Exchange Commission, Trump, White, Nasdaq, CNBC, Technology Group Locations: Washington ,, U.S

☆ RFK Jr. touted bitcoin, but said he wasn't an investor. Financial records show otherwise
▼ + stars: | 2023-07-07 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Robert F. Kennedy Jr., son of former US Senator Robert F. Kennedy, speaks during the Bitcoin 2023 conference in Miami Beach, Florida, US, on Friday, May 19, 2023. Since the conference, Kennedy has continued to tout bitcoin. Kennedy said at the Miami bitcoin conference that if he were to become president he would "make sure that your right to hold and use bitcoin is inviolable." Kennedy, 69, is the son of former Attorney General Robert F. Kennedy and the nephew of former President John F. Kennedy, both of whom were assassinated in the 1960s. In May, days before he took the stage the Miami bitcoin conference, Kennedy tweeted: "Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine.

Persons: Robert F, Kennedy Jr, Kennedy, Virginia Canter, Cheryl Hines, Canter, Hines, I'm, Gamble, Mr, Joe Biden's, Gary Gensler, headwinds, Biden, John F, Kennedy's, Jack Dorsey, David Sacks, Chamath, Omeed Malik, bitcoin Organizations: Democratic, CNBC, Procter, Miami bitcoin, Securities, Exchange, SEC, Biden, Quinnipiac, Children's Health Defense, CHD, U.S Locations: Miami Beach , Florida, Miami, bitcoin, Washington, cryptocurrencies, U.S

☆ Clarence Thomas: Appellate judge defends justice in new book, rejects 'pot shots' at Supreme Court
▼ + stars: | 2023-06-25 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +6 min

CNN —A federal appeals court judge previously on short lists for the Supreme Court is taking the rare step to broadly and publicly reject allegations that Justice Clarence Thomas has been improperly influenced by lavish gifts provided by a conservative billionaire, dismissing “pot shots” at the Supreme Court in general. Thapar this past week released a new book about Thomas entitled “The People’s Justice,” in which he explores the justice’s favored judicial philosophy of originalism. “You can judge their works, and what they do, against what they’ve done in the past,” Thapar told CNN. Ethics and financial disclosuresThapar rejects suggestions that Thomas should have disclosed the hospitality provided by Crow on annual financial disclosure forms. They have called Justice Thomas ‘the cruelest justice,’ ‘stupid,’ and even an ‘Uncle Tom’ a traitor to his race,” Thapar writes.

Persons: Clarence Thomas, Amul Thapar, Thapar, Thomas, originalism, Thomas ’, Thomas ’ originalism, Donald Trump, Mitch McConnell, Harlan Crow’s, ” Thapar, Ginni, Crow, ” Virginia Canter, ” “, ” Canter, hadn’t, “, –, ”, Thomas’s, Thomas ‘, ’, Tom ’, Elizabeth Wydra, ” Wydra Organizations: CNN, Eastern, Eastern District of, ProPublica, Citizens, Crow, Administrative, Center Locations: Cincinnati, Eastern District, Eastern District of Kentucky, Washington

☆ A luxury project in Oman, which includes a Trump hotel and golf course, is being built by migrants earning as little as $340 a month
▼ + stars: | 2023-06-20 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Migrant workers in Oman are constructing a new luxury "city" that includes a Trump-branded hotel. They are laboring in extreme heat for as little as $340 a month, The New York Times reported. Critics of the project note that Oman is not regarded as a safe and welcoming environment for foreign labor. "Migrant workers are often not paid their full wages, forced to work excessively long hours, and denied adequate food and living conditions," according to a 2021 report from Human Rights Watch. Over a thousand migrant workers, many hailing from India, Pakistan, and Bangladesh, work 10-hour shifts before retiring to trailers that line the under-construction city.

Persons: —, Donald Trump's, of Oman —, Donald Trump, Trump's, Jared Kushner, Virginia Canter Organizations: Trump, New York Times, watchdogs, Service, Trump Organization, —, White, Getty, Human Rights Watch, Workers Locations: Oman, Saudi, of Oman, Washington, Muscat, India, Pakistan, Bangladesh

On that unredacted form, Kacsmaryk reported owning about $2.9 million in stock in the Florida-based supermarket company Publix. Federal judges are only required to report financial holdings in ranges, and don’t have to provide exact figures. One possible source of the Publix stock Kacsmaryk reported in 2017 is the judge’s grandmother. In 2020 and 2021, less than 4% of officials required to file judicial financial disclosures requested redaction, according to reports from the Administrative Office of the US Courts. In any case, experts said, the judge’s redacted report prevents transparency that litigants deserve.

☆ Clarence Thomas has accepted undisclosed luxury trips from GOP megadonor for decades, report says
▼ + stars: | 2023-04-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Associate Justice Clarence Thomas during the formal group photograph at the Supreme Court in Washington, DC, US, on Friday, Oct. 7, 2022. Supreme Court Justice Clarence Thomas has accepted secret luxury trips from Republican megadonor Harlan Crow for more than two decades in apparent violation of a financial disclosure law, a ProPublica report revealed Thursday. Thomas has vacationed on Crow's 162-foot superyacht, flown on the real estate developer's private jet and spent time at the GOP donor's private resort and other exclusive retreats, ProPublica reported, citing documents and dozens of interviews. Thomas "seems to have completely disregarded his higher ethical obligations," Virginia Canter, chief ethics counsel at the watchdog group CREW, told the outlet. Spokespeople for the Supreme Court and Crow did not immediately respond to CNBC's request for comment on the investigation.

☆ Google stacks its legal team with former DOJ employees as it faces antitrust cases
▼ + stars: | 2023-03-17 | by ( Lauren Feiner | ) www.cnbc.com time to read: +13 min

Former DOJ employees make up both its in-house team and members of outside counsel firms it employs. Google also uses four different outside counsel firms loaded with nearly 20 former DOJ officials, many of whom worked in the Antitrust Division at various times. The DOJ made the accusation in a legal filing after Epic Games raised the concern in its own antitrust litigation against Google. Those firms collectively have around 20 former DOJ employees on their staff, many of them working in antitrust. For example, DOJ antitrust chief Jonathan Kanter previously worked for clients including Microsoft and Yelp which have complained of Google's allegedly anticompetitive behavior.

☆ Trump and Kushner's Saudi Ties Are an Ethical Minefield: Watchdog
▼ + stars: | 2023-02-15 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +12 min

Weeks after leaving office, Jared Kushner obtained a $2 billion investment from the Saudi government. The Saudi support came despite the kingdom's own financial advisers urging against any investment in Kushner's new company, citing the "inexperience" of its top brass. Let's start with Jared Kushner before we get into the LIV Golf situation. You have John Bolton, Trump's own national security advisor, making it very clear that you had somebody, like Jared — and President Trump, apparently — working to promote their business interests. Trump, not only did he keep his company, the Trump Organization, but he's a transactional president, right?

☆ Investigators are looking for dozens of expensive gifts given to Trump and his family by foreign governments, report says
▼ + stars: | 2022-11-06 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Congressional investigators are looking for gifts given to Trump and his family by foreign governments. The House Oversight Committee has asked whether the gifts were transferred to the National Archives. The Oversight committee launched a probe this summer into whether Trump properly followed the Foreign Gifts and Decorations Act, which prevents government officials from keeping gifts from foreign governments with a value of over $415, unless they personally pay for them. Although there is no specific criminal penalty for improperly retaining the gifts, ethics experts say that it could be warranted depending on the circumstances, per The Post. The committee has also requested records from Trump's team about its record-keeping, a Trump adviser told the paper.

Search resuls for: "Virginia Canter"

9 mentions found