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Even by a conspiracy theorist’s standards, the wild claims made by Representative Clay Higgins, Republican of Louisiana, stand out. The hard-right congressman, now in his fourth term in the House, has said that “ghost buses” took agent provocateurs to the Capitol on Jan. 6, 2021, to instigate the riot. He has claimed that the federal government is waging a “civil war” against Texas. And he has called the criminal charges against former President Donald J. Trump for mishandling classified documents a “perimeter probe from the oppressors.”But far from relegating Mr. Higgins to the fringe of their increasingly fractious conference, House Republicans have elevated him. None of it has dampened Mr. Higgins’s penchant for spreading unsupported theories, many of which portray law enforcement and the government in an evil, conspiratorial light.
Persons: Clay Higgins, provocateurs, Donald J, Trump, Higgins, Mike Johnson Organizations: Republican, Capitol, Texas, House Republicans Locations: Louisiana
Our review of the charts of precious metals tells us that the recent rally in gold prices could be just the early stages of a broad advance in the second quarter and beyond. Interestingly enough, gold stocks have actually been underperforming gold for most of the last 12 months. But over the last six weeks, gold miners have shown renewed strength, outperforming spot gold. This may be just the beginning of a "catch up" trade where gold miners close the performance gap with gold. Gold stocks have been lagging behind spot gold, but that trend of underperformance has begun to change in the last six weeks.
Persons: Alan Shaw, David Keller Organizations: Gold Miners, CMT Locations: retest
That would mark a milestone for the company, which launched Disney+ on Nov. 12, 2019. It would be the first time Disney showed it can make money from Disney+, Hulu and ESPN+. Disney will need to sustain and grow streaming profit to justify Iger's five-year-old strategy to go "all in" on the segment. Disney has already offered ESPN+, a sports streaming service that has some but not all of ESPN's content. Trian Partners' Nelson Peltz, who failed to join Disney's board Wednesday after securing just 31% of the vote, publicly questioned what he has called Disney's "woke" content strategy.
Persons: Bob Iger, Sun Valley , Idaho David A, Iger, Disney, they've, Cowen, Doug Creutz, Needham, Laura Martin, Gabby Jones, David Greenbaum, Sean Bailey, Alan Bergman, Indiana Jones, Nelson Peltz, Peltz, shouldn't, Bob Chapek, He'll, Bergman, Jimmy Pitaro, Josh D'Amaro, Dana Walden, They've, Cowen's, you've, That's, it's, — CNBC's Sarah Whitten, Needman's Martin Organizations: Disney, Allen & Company Sun Valley Conference, Grogan, CNBC Disney, Disney Disney, Hulu, ESPN, Co, Warner Bros . Discovery, Fox, CNBC, Athletic, Bloomberg, Getty, Marvel, Star Wars, Searchlight, Walt Disney Motion, Disney Entertainment, Century Fox, Sony, Disney's Marvel Studios, Trian Partners, Financial Times, Resorts, Iger Locations: Sun Valley , Idaho, Brooklyn , New York, Iger, Parks, Disney
I won the case, because I won it in the Appellate Division. …I won the case because it’s called statute of limitations. The appeals court never said he won the case. The cutoff date would’ve been February 6, 2016, for any defendants Engoron decided weren’t covered by the agreement.) After Trump wrongly claimed to reporters, following the first day of the trial, that “about 80% of the case is over” because of the appeals court ruling, Engoron said in court the next day: “This case arrived at the App.
Persons: Donald Trump, , ” Trump, Letitia James, Arthur Engoron’s, Trump, , it’s, , ’ He’s, He’s, he’s, Ivanka Trump, general’s, Engoron, that’s, Rather, , Alan Garten, ” James ’, ” Engoron Organizations: Washington CNN, New, Division, Trump, Trump Organization, SFC Locations: New York, Wisconsin,
The United States and China created formal economic working groups to keep the conversation going. Months later, Ms. Yellen met with her Chinese counterparts in San Francisco and Morocco. But despite those signs of progress, thorny economic issues continue to divide China and the United States. “We don’t want to decouple our economies,” Ms. Yellen said on Wednesday during a stop in Alaska on her way to China. “We want to continue, and we think we both benefit from trade and investment, but it needs to be on a level playing field.”
Persons: Janet L, Yellen, Biden, Ms Locations: Beijing, United States, China, San Francisco, Morocco, Yunnan, Guangzhou, Alaska
In an open display of frustration, federal prosecutors on Tuesday night told the judge overseeing former President Donald J. Trump’s classified documents case that a “fundamentally flawed” order she had issued was causing delays and asked her to quickly resolve a critical dispute about one of Mr. Trump’s defenses — leaving them time to appeal if needed. The unusual and risky move by the prosecutors, contained in a 24-page filing, signaled their mounting impatience with the judge, Aileen M. Cannon, who has allowed the case to become bogged down in a logjam of unresolved issues and curious procedural requests. It was the most directly prosecutors have confronted Judge Cannon’s legal reasoning and unhurried pace, which have called into question whether a trial will take place before the election in November even though both sides say they could be ready for one by summer. In their filing, prosecutors in the office of the special counsel, Jack Smith, all but begged Judge Cannon to move the case along and make a binding decision about one of Mr. Trump’s most brazen claims: that he cannot be prosecuted for having taken home a trove of national security documents after leaving office because he transformed them into his own personal property under a law known as the Presidential Records Act. The prosecutors derided that assertion as one “not based on any facts,” adding that it was a “justification that was concocted more than a year after” Mr. Trump left the White House.
Persons: Donald J, Trump’s, Aileen M, Cannon, Jack Smith, Judge Cannon, ” Mr, Trump Organizations: Presidential, White
"I've made a terrible mistake," Gerald Shvartsman, 46, told Judge Lewis Liman in Manhattan federal court as he pleaded guilty, according to the Associated Press. Michael Shvartsman, 53, and Gerald Shvartsman, who owns a furniture manufacturing company, are scheduled to be sentenced on July 17. Sentencing guidelines recommend that Gerald Shvartsman, who netted about $4.6 million in illegal trading profits, receive a prison term of between 33 and 41 months. Alan Futerfas, a lawyer for Michael Shvartsman, declined to comment on the guilty plea. A lawyer for Gerald Shvartsman did not immediately respond to a request for comment.
Persons: Donald Trump's, Michael Shvartsman, Gerald Shvartsman, DWAC, I've, Judge Lewis Liman, Bruce Garelick, Michael Shvartsman's, Liman, Damian Williams, Alan Futerfas Organizations: Trump Media & Technology Group, Trump Media, Associated Press, Rocket, Manhattan U.S Locations: Florida, New York, Manhattan, Michael Shvartsman's Miami
Alan Ritchson says he was sexually assaulted by a photographer years ago as a model. The "Reacher" star described modeling as "legalized sex trafficking." Advertisement"Reacher" star Alan Ritchson says he was sexually assaulted during a photo shoot when he was a model and also described the modeling industry as "legalized sex trafficking." I was sexually assaulted by this guy," the actor recalled. The modeling industry can be hugely lucrative, and some celebrities have made vast fortunes out of their image.
Persons: Alan Ritchson, , Jack Reacher, Lee Child, Ritchson, Jock, coy, Kendall Jenner Organizations: Service, Abercrombie, Fitch, Hollywood, Stone Locations: LA
The longer it takes for Cannon to decide these issues, the more likely a trial would need to wait until after the November presidential election. But Cannon’s critics view the pace of the Trump prosecution with added suspicion because of how she handled a separate, 2022 lawsuit Trump brought attacking the FBI’s documents investigation. In that lawsuit, Cannon granted an extraordinary Trump request for a third-party review of the FBI’s 2022 search of his Mar-a-Lago resort for the classified documents. Now, critics accuse Cannon of – purposely or not – playing into Trump’s strategy of delaying the trial until after the election. Hours after the hearing, Cannon rejected Trump’s first claim, that the national defense law he is charged under was too vague.
Persons: Donald Trump, Aileen Cannon, Cannon, Prosecutors, Jack Smith, , Smith, Alan Rozenshtein, , Trump, , Barbara McQuade, Obama, ” McQuade, won’t, nudges, doesn’t, McQuade, Southern District of Florida Aileen Cannon, Lothar Speer Cannon, ” David Aaron, ” Aaron, Aaron, CIPA, they’re, that’s, Mark Schnapp, Trump’s, Rozenshtein, Cannon “, Judge Cannon’s Organizations: CNN, Trump, University of Minnesota Law School, Justice Department, Biden White, University of Michigan Law School, US, Court, Southern, Southern District of, DOJ, DOJ National Security, Presidential, National Archives, ” Prosecutors, White Locations: Southern District, Southern District of Florida, Florida
Hong Kong CNN —Lin Qi, a billionaire fan of “The Three-Body Problem,” had big plans to bring his favorite Chinese sci-fi novel to TV, cinema and video-game screens across the world. Xu was sentenced to death for murder by a court in Shanghai on March 22 - the day after the much-anticipated debut of “3 Body Problem” on Netflix. 3 Body Problem. Soon, he was sidelined, with key projects handed to another executive, Zhao Jilong, one of the executives who would later have his drinks poisoned by Xu, according to Caixin. When Netflix announced its adaptation project of “The Three-Body Problem” in September 2020, Lin and Zhao were listed as executive producers, with Xu’s name conspicuously missing.
Persons: Hong Kong CNN — Lin Qi, , Lin, Lin’s, Xu Yao, Xu, Caixin, John Bradley, Jack Rooney, Jess Hong, Jin Cheng, Mark Gatiss, Isaac Newton, Reece Shearsmith, Alan Turing, Jenson Cheng, Kublai Khan, Netflix Xu, China’s, Liu Cixin, Zhao Jilong, Zhao, Yoozoo, “ Xu Yao’s Organizations: Hong Kong CNN, , Netflix, Lin’s Yoozoo, Yoozoo Games, Phoenix News Locations: China, Hong Kong, Shanghai, pufferfish, Japan, France, United States
Yellen to Visit China for Top-Level Economic Talks
  + stars: | 2024-04-02 | by ( Alan Rappeport | ) www.nytimes.com   time to read: +1 min
Treasury Secretary Janet L. Yellen will make her second trip to China this week for high-level talks aimed at further stabilizing the relationship between the world’s largest economies as political rancor in the United States intensifies ahead of the presidential election. During four days of meetings in Guangzhou and Beijing, Ms. Yellen plans to meet with representatives from American companies, Chinese students and professors and China’s top economic officials. The trip comes as the Biden administration tries to balance a tougher stance toward China, including restricting access to American technology and retaining tariffs on billions of Chinese exports, while keeping regular lines of communication open and avoiding an economic war. The Treasury Department announced the trip as President Biden and Xi Jinping, China’s leader, held a call on Tuesday on a variety of issues. A senior Treasury Department official who previewed Ms. Yellen’s trip said that it was taking place in the spirit of responsibly managing the economic relationship between the countries.
Persons: Janet L, Yellen, Biden, Xi, Mr, Yellen’s Organizations: Biden, Treasury Department Locations: China, United, Guangzhou, Beijing, United States
Russian central bank governor Elvira Nabiullina has played a key role in stabilizing Russia's sanctions-hit economy. It's also aimed at the woman behind him: Elvira Nabiullina, the country's central bank governor, who plays a chief role in keeping Russia's wartime economy ticking. At the time, she was the first woman to lead a Group of Eight, or G8, central bank. In 2015, Euromoney, a finance trade publication, named Nabiullina Central Bank Governor of the Year. In December, she issued a warning that Russia's economy was at risk of overheating.
Persons: Elvira Nabiullina, , Putin, It's, Nabiullina, Daniel McDowell, McDowell, wined, Christine Lagarde, Nabiullina —, Richard Portes, Portes —, Portes, Anders Åslund, Åslund, Leo Tolstoy, Fyodor Dostoevsky, Franz Kafka, Yaroslav Kuzminov, Kuzminov, Nabiullina's, Alan Harvey, Herman Gref —, Central Bank Governor Elvira Nabiullina, Maxim Shemetov, Michel Camdessus, she's, isn't, Sergei Aleksashenko, Alexei Makarkin, Vladimir Pesnya, Nabiulina, let's Organizations: Ukraine, Service, Russian, KGB, Syracuse University, Kremlin, International Monetary Fund, US, London Business School, Moscow Times, Bloomberg, Higher School of Economics, , Moscow State University, SNS, USSR, Industrial Union Board, Gref, Central Bank Governor, Nabiullina Central Bank Governor, Banker, Central Banker, IMF, Monetary Fund, Financial Times, Government, Political Technologies, Wall Street Journal, RBC, Politico Europe Locations: Russian, Ukraine, Russia, Brussels, Nabiullina, Swedish, Moscow, Ufa, Central Russia, Tatars, Crimea, Euromoney, Europe, steadying
Disney proxy battle concluding: Here's what's at stake
  + stars: | 2024-04-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney proxy battle concluding: Here's what's at stakeAlan Gould, Loop Capital managing director, joins 'Squawk Box' to discuss the latest developments in Disney's proxy battle with activist investor Nelson Peltz, who has the upper hand ahead of the shareholder meeting tomorrow, and more.
Persons: Alan Gould, Nelson Peltz Organizations: Loop Capital
A Florida venture capitalist and his brother moved Monday toward potential guilty pleas in an insider trading case connected to the merger that took Donald Trump's social media company public last week. A new court filing Monday revealed that a change of plea hearing for the brothers will be held Wednesday afternoon in U.S. District Court in Manhattan. Trump Media and Technology Group mentioned the case in a securities filing on Monday. As of late Monday, there was no change of plea hearing for him scheduled on the docket. They are accused of buying up DWAC stock based on nonpublic information that the shell company was considering a possible merger with Trump's social media company, Trump Media and Technology Group, which owns the Truth Social app.
Persons: Michael Shvartsman, Donald Trump's, Gerald Shvartsman, Alan Futerfas, Michael Shvartsman's, Futerfas, Donald Trump, Shvartsman, Gerald Shvartman, Roland Riopelle, Bruce Garelick, Garelick, Judge Lewis Liman, Gerald, DWAC Organizations: Manhattan Federal Court, Trump Media, Trump Organization, CNBC, Technology Group, TMTG, DOJ, Department of Justice, U.S, Attorney's, Trump Media's, Nasdaq, Corp, Rocket, Shvartsman Locations: Manhattan, New York City, U.S, Florida, New York, South Florida, Miami, DWAC
The appointment would make Walden the first female CEO of the Walt Disney Co. in its 100-year history. "Anybody they choose will have never been the Disney CEO prior to that." At Disney, Walden has hit several home runs, including FX's "The Bear," Hulu's "The Dropout" and "Only Murderers in the Building," and ABC's "Abbott Elementary." Former Disney CEO Bob Chapek CNBCChapek climbed the corporate ladder at Disney for 30 years by showcasing his business and finance chops. Combating female stereotypesIf Walden were appointed CEO, she would be the first woman to run the century-old company.
Persons: Dana Walden, Disney Entertainment Rich Polk, Peter Chernin, Rupert, Walden, Bob Iger, he'd, Fox, Chernin, Peter Roth, Roth, Peter Chernin Getty, Josh D'Amaro, Jimmy Pitaro, Alan Bergman, Nelson, Peltz, Iger, Bob Chapek, Walden's, Bergman, she's, hasn't, , Walden —, Dana doesn't, Jennifer Salke, Jennifer Salke Stephen Desaulniers, CNBC Walden, Richard Plepler, Craig Hunegs, Carol Burnett's, Carrie Hamilton, George Burns, Dean Martin, roasts, Martin, Buddy Hackett, Matt Walden, Bender, Goldman, she'd, Arsenio, Lucie Sulhany, Dana Walden Jason Laveris, Gary Newman, Newman, It's, Dana, Ryan Murphy, John Landgraf, Jan, Seth MacFarlane, Guy, Tuck, MacFarlane, Murphy, Steve Levitan, Dan Fogelman, Rick Rosen, Rosen, Howard Gordon, Levitan, Peter Rice, Rice, wasn't, Chapek, Rich Appel, Gary, it's, Percy Jackson, didn't, Bob Chapek CNBC Chapek, showrunners, Scarlett Johansson, Kristina Schake, Jay Sures, Sures, Amazon's Salke, Greta Gerwig, Gloria, Murphy's, Miss Jones, There's, Steve Levitan Peter, Hopper, Critics, She's, Salke, WME's Rosen Organizations: Disney Entertainment, Getty, Century Fox Filmed Entertainment, Rupert Murdoch's News Corp, Walt Disney Co, Century Fox, Fox, Century Fox Television, Warner Bros, Disney, ESPN, Entertainment, CNBC, Trian Partners, Iger, Amazon Studios, HBO, Disney TV Studios, Hollywood, Westlake School for Girls, Harvard, Westlake School, The Friars Club, University of Southern, Paramount, Paramount Domestic Television, Filmmagic, Fox Broadcasting, Walden, CBS, FX Networks, Bob Chapek CNBC, Indiana University, Michigan State University, United Talent Agency, Hulu Locations: Santa Barbara , California, Walden, Brentwood , California, She's, Disney's, Studio City, Los Angeles, Las Vegas, University of Southern California, Chapek, Hollywood, Walden's, Iger, America
Donald J. Trump watched anxiously from the White House in April 2018 as news broke about federal agents searching the home of Michael D. Cohen, the man entrusted to conceal some of the president’s deepest secrets. After initially coming to Mr. Cohen’s defense, Mr. Trump washed his hands of his fixer within weeks, brushing aside Mr. Cohen’s feelers about a pardon and disavowing his legal bills. Mr. Trump took a different tack when prosecutors shifted their scrutiny to Allen H. Weisselberg, the Trump family’s longtime financial gatekeeper. Mr. Trump’s company paid Mr. Weisselberg’s legal bills and awarded him a $2 million severance, with a condition: He could not voluntarily cooperate with any law enforcement agency. But prosecutors say Mr. Weisselberg lied during his testimony, and this month he pleaded guilty to perjury.
Persons: Donald J, Trump, Michael D, Cohen, Cohen’s, Allen H, Weisselberg, Mr Organizations: White House, Trump Locations: Manhattan, U.S
Taipei, Taiwan CNN —For married Taiwanese men Alan Hung and Danny Huang, the process of having a biological child together was never easy. Cases like this are troubling to Chen Ching-hui, who last month became the first fertility specialist to win a seat in Taiwan’s parliament. Same-sex couples and single women are banned from accessing procedures such as in vitro fertilization (IVF) or egg freezing in Taiwan, while surrogacy is outlawed entirely. The issue is particularly pressing for Taiwan because, as its population dwindles, so do its military ranks. A nurse handling egg freezing inside a Taipei clinic run by fertility specialist, and now lawmaker, Chen Ching-hui.
Persons: Taiwan CNN —, Alan Hung, Danny Huang, , ” Huang, Chen Ching, Hung, Huang, Aiden, Danny Huang “, Chen, , Dr Chen Ching, Eric Cheung, , ” Chen, Hsueh, Chang, Paula Bronstein, Huang – Organizations: Taiwan CNN, CNN, Kuomintang, KMT, Communist Party, Taiwan’s Institute for National Defense and Security Research, Democratic Progressive Party, China Medical University Hospital Locations: Taipei, Taiwan, Russia, United States, Taiwan’s, China, East Asia, Japan, Singapore, Korea, Hong Kong, South Korea, Southeast Asia
Fourteen months after the murders, the garage of the abandoned marijuana farm on prairie tableland northwest of Oklahoma City sits frozen and dark. Broadway Avenue in Kingfisher, Oklahoma, about 30 miles south of where Wu Chen, 47, executed four people at a marijuana farm. When Oklahoma legalized medical marijuana, the only real requirement was that Oklahoma residents had to be involved in marijuana growing and selling. But Oklahoma required 75% of any marijuana business to be owned by an Oklahoma resident. Deputies from the Kingfisher County Sheriff's Office were the first to arrive at the scene of a quadruple homicide at an abandoned marijuana farm.
Persons: Wu Chen, Mike Simons, Kevin Stitt, Sean Hannity's, Dan Newhouse, Liu, Chen, Yi Fei Lin, Mark Woodward, , OBN, Adria Berry, BI Adria Berry, I'm, Barb Miuccio, Jeremy Grable, Jeremy, Barb, she's, Barbara Miuccio, Treez, Matt Stacy, Stacy, Stitt, Jeremy they'd, he'd, OMMA, didn't, Barb didn't, Barbara, Stacy —, she'd, Stacy hadn't, BI Jonathan Riedlinger, Riedlinger, Lin, Qirong Lin, Hechun Chen, Qiang Chen, Fang Lee —, Wenbo Lin, Wu Chen —, Wenbo Lin didn't, Reidlinger, Jed Green, Matthew Alan Stacy, Barb —, — he's, He'd, Woodward, Helen Carillo, He's, Kevin Pham, Pham, BI Pham, ProPublica, recriminations, Green, It's, they're, I'd, Ken Thompson, Thompson, Chen didn't, He'll, Jonathan Riedlinger, Kiki, I've Organizations: Oklahoma City, Broadway, BI, Marijuana, Oklahoma, Oklahoma Medical Marijuana Authority, Republican, Sean Hannity's Fox, Fox News, Chen Inc, Narcotics, BI Adria, Oklahoma's Army National Guard, OBN, Business, Oklahoma State Bureau of, Sheriff's, Prosecutors, CSI Accounting Services, Whitney Economics, NBC, Cannabis, Virginia Slim, Florida . Police Locations: Oklahoma, Kingfisher County , Oklahoma, Ames , Oklahoma, Kingfisher , Oklahoma, Pennsylvania, California, Arkansas, Republican Washington, China, Kingfisher County, Dallas, Moore , Oklahoma, Oklahoma City, Afghanistan, Iraq, Ukraine, He's, Moore, Kingfisher, Hennessey , Oklahoma, OMMA, Mexico, Edmond, Tulsa, Russia, Bulgaria, Armenia, Steakhouse, Virginia, Florida, Miami Beach, Miami
North Korea censored a broadcast featuring the English gardening TV host Alan Titchmarsh. North Korea regards jeans as a symbol of Western imperialism and tries to obscure them in media. AdvertisementNorth Korea censored footage of the TV presenter Alan Titchmarsh to hide the fact that he was wearing jeans. North Korea's Central TV broadcast Titchmarsh's 2010 show "Garden Secrets" recently, but obscured his trousers. This story is available exclusively to Business Insider subscribers.
Persons: Alan Titchmarsh, Organizations: Service, Korea's Central, Business Locations: Korea, England
Norfolk Southern CEO Alan Shaw denounced Ancora Holdings, the activist investor currently engaged in a proxy fight with the railroad company's board, during an interview with CNBC's Jim Cramer on Wednesday. "We've gone to the activist, and we've offered a settlement — their responses have been unreasonable at the determination of our board," he said. Norfolk Southern faced criticism over the past year after one of its freight trains derailed in East Palestine, Ohio in February 2023 and released toxic chemicals into the soil, water and air. Based in Cleveland, Ohio, 90 minutes from East Palestine, Ancora challenged Norfolk Southern in February, aiming to add eight directors to the board and oust Shaw as CEO. "We enhanced safety, we're making it right in East Palestine," Shaw said.
Persons: Alan Shaw, Ancora, CNBC's Jim Cramer, We've, we've, Shaw, he's Organizations: Norfolk Southern, Ancora Holdings, Norfolk, Regulators Locations: East Palestine , Ohio, Cleveland , Ohio, East Palestine, Norfolk
The Biden administration is growing increasingly concerned that a glut of heavily subsidized green technology exports from China is distorting global markets and plans to confront Chinese officials about the problem during an upcoming round of economic talks in Beijing. The tension over industrial policy is flaring as the United States invests heavily in production of solar technology and electric vehicle batteries with funding from the Inflation Reduction Act of 2022, while China pumps money into its factory sector to help stimulate its sluggish economy. In a speech on Wednesday afternoon, Treasury Secretary Janet L. Yellen will lay out her plans to raise the issue of overcapacity with her Chinese counterparts. “China’s overcapacity distorts global prices and production patterns and hurts American firms and workers, as well as firms and workers around the world,” Ms. Yellen will say. “Challenges for individual firms can lead to concentrated supply chains, negatively impacting global economic resilience.”
Persons: Biden, Xi, Janet L, Yellen, , Ms Organizations: The New York Times Locations: China, Beijing, United States, Norcross , Ga
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorfolk Southern CEO: We have offered board seats to activist investor'Mad Money' host Jim Cramer sits down with Norfolk Southern CEO Alan Shaw to discuss the ongoing proxy battle led by Ancora Holdings.
Persons: Jim Cramer, Alan Shaw Organizations: Norfolk Southern, Ancora Holdings
John Eastman Should Lose Law License, Judge Finds
  + stars: | 2024-03-27 | by ( Alan Feuer | ) www.nytimes.com   time to read: +1 min
A judge in California recommended on Wednesday that the lawyer John Eastman be stripped of his law license, finding he had violated rules of professional ethics by persistently lying in his efforts to help former President Donald J. Trump maintain his grip on power after losing the 2020 election. In a 128-page ruling, the judge, Yvette Roland, said Mr. Eastman had willfully misrepresented facts in lawsuits he helped file challenging the election results and acted dishonestly in promoting a “wild theory” that Mr. Trump’s vice president, Mike Pence, could unilaterally declare him the victor during a certification proceeding at the Capitol on Jan. 6, 2021. “In sum, Eastman exhibited gross negligence by making false statements about the 2020 election without conducting any meaningful investigation or verification of the information he was relying upon,” Judge Roland found, adding that he had breached “his ethical duty as an attorney to prioritize honesty and integrity.”
Persons: John Eastman, Donald J, Trump, Yvette Roland, Eastman, Trump’s, Mike Pence, , Roland Organizations: Capitol Locations: California
"The impact of the Baltimore port stoppage on construction and contractor supply chains may be significant," said William George, director of research for ImportGenius. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. COSCO announced Wednesday morning that its services would "be concluded" once the diverted container arrives at the alternate port. Out of the diverted ports, New York/New Jersey and Savannah, are included. One of the biggest concerns among logistics companies is availability of chassis for both truck and rail to handle the diverted cargo.
Persons: Dali, Francis Scott Key, William George, ImportGenius, Maersk, COSCO, majeure, CGM, Paul Brashier, Brashier, Matt Castle, Robinson, Val Noel, Mike Wilson, Noel, Alan Baer, Baer, Stephen Edwards, Edwards Organizations: Francis Scott Key Bridge, Logistics, CNBC, Baltimore, Evergreen, CMA, ITS Logistics, U.S Department of Transportation, Home Depot, Nike, Walmart, Union Pacific, BNSF, Robinson, DHL, FedEx, Port, DOT's, Rail, TRAC, Freight, Consolidated Chassis Management, USA, Norfolk . Our Midwest Locations: Baltimore , Maryland, Baltimore, The Port, U.S, Port of Baltimore, Target, East, , New York, New Jersey, Savannah, Chicago, Brunswick, Virginia, Charleston, New York, Philadelphia, Norfolk, Wilmington , Savannah, Jacksonville, UAE, Saudi, Doha, India, Bangladesh, NY, Montreal, Port of Virginia, Port
Instead a deal is now being negotiated to trim the size of the property's $240 million mortgage and potentially extend the loan at below-market interest rates in an attempt to revive the property's fortunes. The negotiations show that as hundreds of billions of dollars of commercial real estate debts come due or have already tumbled into default, deals are being arranged behind the scenes to try to stave off financial catastrophe. More borrowers and lenders have sought to buy timeThere is mounting evidence that such negotiations are taking place more widely. There have been concerns that trillions of dollars of upcoming commercial property debt maturities could inflict heavy losses that could weigh on investors and lenders across the property market and even cause systemic issues in the banking sector. The deal is part of a growing number of sales by some lenders to cut down their exposure to commercial real estate.
Persons: Realty, Michael Maturo, we'd, Maturo, Jack Terzi, Terzi, Jamie Woodwell, Stephen Buschbom, Trepp, Alan Todd, David Blumberg, Raymond Boyd, Blumberg, Robert Ivanhoe, Greenberg Traurig, Ivanhoe Organizations: New, Aareal Bank, Business, JTRE Holdings, Mortgage Bankers Association, Treasury Department, Bank of America, 601W Companies, Aon, Aon Center, Federal Reserve Locations: New York, Lower Manhattan, Manhattan, New York City, Chicago
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