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The three remaining ministers of the Free Democrats resigned in response, leading to the downfall of the government coalition. Scholz is expected to lead the country with a minority government, but the opposition is calling for an immediate no-confidence vote. Tobias Schwarz / AFP - Getty Images fileScholz’s left-leaning Social Democrats will now effectively lead a minority government with the remaining coalition partner, the environmentalist Greens. Lindner’s pro-business Free Democrats had rejected tax increases or changes to Germany’s strict self-imposed limits on running up debt. Scholz’s Social Democrats and the Greens wanted to see major state investment and rejected the Free Democrats’ proposals to cut welfare programs.

Persons: Chancellor Olaf Scholz, Christian Lindner, Scholz, Volker Wissing, Lindner, Frank, Walter Steinmeier, ” Scholz, Olaf Scholz, Tobias Schwarz, Friedrich Merz, Merz, “, ”, ” Merz, Achim Wambach, Donald Trump Organizations: Free Democrats, German Finance, AFP, Getty, Social Democrats, Greens, Christian Democrats, German Bundestag, Scholz’s Social Democrats, Leibniz Center for European Economic Research Locations: Berlin, German, Germany, “, Europe

☆ Israeli Weapon Damaged Iranian Air Defenses Without Being Detected, Officials Say
▼ + stars: | 2024-04-20 | by ( Farnaz Fassihi | Ronen Bergman | ) www.nytimes.com time to read: +7 min

Some Democrats are fine sending defensive weapons to Israel, but want to see some limits on offensive weapons, which could be used against civilians in Gaza. But progressive Democrats estimated that 40 to 60 members of their party may oppose it on the House floor on Saturday. The legislation would allocate $5 billion to Israel’s defense capabilities and $9 billion for “worldwide humanitarian aid,” including for civilians in Gaza. “To give Netanyahu more offensive weapons at this stage, I believe, is to condone the destruction of Gaza that we’ve seen in the last six months. But they see a “no” vote as part of a strategy to pressure Mr. Biden to condition aid and halt future offensive weapons transfers.

Persons: Biden, ’, Pramila Jayapal, Joaquin Castro, We’re, Mr, Benjamin Netanyahu’s, ”, Ro Khanna, Netanyahu, Nancy Pelosi, Mike Johnson, —, Becca Balint, “, it’s, Lloyd Doggett, Doggett, Ms, Balint, Dan Kildee, Greg Casar Organizations: Democrats, Democratic, “, Congressional Progressive Caucus, ”, Democrat, Israel, Democratic Party, Republican, Republicans, Texas Democrat, White House, Michigan Democrat Locations: Israel, Gaza, Iraq, Washington, Texas, Ukraine, Taiwan, United States, Rafah, Iran, California, Yemen, Louisiana, Vermont, U.S, American

☆ Live Updates: Muted Reactions to Israeli Strikes on Iran Hint at De-Escalation
▼ + stars: | 2024-04-18 | by ( Alissa J. Rubin | ) www.nytimes.com time to read: +7 min

WASHINGTON (AP) — The Biden administration wants to make residential real estate transactions more transparent by unmasking the owners of certain all-cash purchases. It's part of an ongoing effort to combat money laundering and the movement of dirty money through the American financial system. The Treasury Department's Financial Crimes Enforcement Network proposed a regulation on Wednesday that would require real estate professionals to report information to the agency about non-financed sales of residential real estate to legal entities, trusts and shell companies. All-cash purchases of residential real estate are considered at high risk for money laundering. One study on the impact of money laundering on home values in Canada, conducted by a group of Canadian academics, found that money laundering investment in real estate pushed up housing prices in the range of 3.7% to 7.5%.

Persons: —, Biden, ”, Andrea Gacki, Ian Gary, Janet Yellen Organizations: WASHINGTON, Treasury, Network, House, FACT Coalition, Small Business Association Locations: Canada, U.S

☆ This CEO is changing the rules of American farming. Here’s why
▼ + stars: | 2023-11-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

At a time when social and environmental investments have been politicized, Ford and Land O’Lakes are staying the course. Courtesy Land O’Lakes, Inc.“We’re focusing on the things that are most important to our members, their families and to their businesses,” she told CNN. The EPA and the Hershey Company gave $2 million to Land O’Lakes member farms in Pennsylvania. Land O'Lakes CEO Beth Ford at the company's headquarters in Arden Hills, Minnesota, on July 29, 2021. In 2020, Land O’Lakes convened the American Connection Project coalition to advocate for public and private investment in high-speed internet infrastructure in rural communities.

Persons: “, Beth Ford, Ford, Evan Hillan, don’t, Truterra, ” Ford, ”, Ford’s, Carol, —, CNN’s Poppy Harlow, ‘ I’ve, ’ ” Ford, Harlow, Richard Tsong, I’ve, “ I’ve, O’Lakes, isn’t, Lucas Fuess, Kim Reynolds, Fuess, there’s, Kelly Garrett, ” Garrett, Garrett Organizations: Arden Hills , Minnesota CNN —, Fortune, Arden, Ford, CNN, Inc, US Environmental Protection Agency, EPA, Hershey Company, Pepsi, Mobil, Scholastic —, Star Tribune, Getty, American Connection, Biden, Republican, ”, Nature Locations: Arden Hills , Minnesota, Wisconsin, Truterra, Mill Hill , Pennsylvania, Pennsylvania, America, Ford, Sioux City , Iowa, Iowa, Iowa , Idaho , Kansas, Modale , Iowa, Inc, West, Arion , Iowa, American

☆ Bears Are Running Amok in Connecticut. State Gives OK to Shoot Them.
▼ + stars: | 2023-08-24 | by ( Amelia Nierenberg | More About Amelia Nierenberg | ) www.nytimes.com time to read: +1 min

Those who advocated instead for a bear hunt say the new law did not go far enough. They argue that bears must be taught to fear humans for their own protection, and that dead bears deter live bears from populated areas. “It’s about altering the behavior of our bears and how they perceive humans,” said Jason Hawley, the leading bear biologist at the state Department of Energy and Environmental Protection, adding, “Bears don’t have a negative association with humans. In fact, I’d argue that they have a positive association with humans.”Others say the law allowing people to kill bears in self-defense is dangerous, and nearly unenforceable. They are skeptical that law enforcement officials will be able to determine if people truly felt threatened before shooting.

Persons: ”, Jason Hawley, it’s, Annie Hornish Organizations: Department of Energy, Environmental, “ Bears, Humane Society of, CT Coalition, Protect Bears Locations: Connecticut, United States

The long-awaited rule is expected to require that real estate professionals such as title insurers report the identities of the beneficial owners of companies buying real estate in cash to the Treasury's Financial Crimes Enforcement Network (FinCEN). Criminals have for decades anonymously hidden ill-gotten gains in real estate, Treasury Secretary Janet Yellen said in March, adding that as much as $2.3 billion was laundered through U.S. real estate between 2015 and 2020. That debate has slowed down FinCEN's work on the real estate reporting rule, one of the sources said. PATCHWORKWhile banks have long been required to understand the source of customer funds and report suspicious transactions, no such rules exist nationwide for the real estate industry. FinCEN implemented GTOs in 2016 after the New York Times revealed that nearly half of luxury real estate was bought by anonymous shell companies.

Persons: Janet Yellen, Erica Hanichak, FinCEN, Jodi Vittori, Guo Wengui, Guo, Donald Trump, Steve Bannon, Howard, David Szakonyi, Luc Cohen, Chris Prentice, Amy Stevens, Michelle Price, Matthew Lewis Organizations: U.S . Treasury Department, FACT Coalition, Association, New York Times, Carnegie Endowment, International Peace, Nardello, Government, Office, George Washington University, New, Thomson Locations: New York, Miami, Los Angeles, Chinese, Jersey, Manhattan

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