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☆ US announces major bust as efforts to crack down on Chinese money launderers working with drug cartels ratchet up
▼ + stars: | 2024-06-18 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +17 min

A US-based lawyer who has represented accused Chinese money launderers said the tempo of law enforcement operations against the alleged launderers has increased in recent weeks as federal agents close in on “bigger fish” among Chinese money launderers in the US. None of the federal law enforcement agencies involved in tracking Chinese money launderers agreed to be interviewed on the record. Grassley and Whitehouse have each introduced legislation they say is key to closing loopholes in US law that are actively exploited by the cartels’ money launderers. Elaborate networksRecent court documents illuminate how far-flung and elaborate US-based networks of alleged Chinese money launderers are. Mirror TransactionsExperts say the Chinese money launderers have mastered the art of so-called mirror transactions, which involve a series of deposits at multiple bank accounts to conceal the drug money.

Persons: ”, Anne Milgram, surveil, “, Don Im, Biden, HSI, Ricardo Mayoral, William Kimbell, ” Kimbell, launderers, —, Sen, Sheldon Whitehouse, ” Whitehouse, Treasury Department —, Whitehouse, Christopher Wray, Joe Biden, Xi Jinping, Republican Sen, Charles Grassley, Enhua Fang, Li Pei Tan, Tan, Joe Habachy, Matthew Rothbeind, Fang, Chaojie Chen, Chen, Greg Hunter, ” David Luckey, JPMorgan Chase Organizations: CNN, Drug, Administration, Sinaloa Cartel, US Court, Central, Central District of, DEA, IRS, “, Centers for Disease Control, Federal, Homeland Security, Treasury, Treasury Department, Treasury’s, Network, Homeland Security Investigations, DHS, Financial Crimes, Rhode Island Democrat, intel, Department of Homeland Security, FBI, Senate, ” CNN, White, Office of National Drug Control, Service, Biden, Republican, Grassley, Rand Corporation, of, JPMorgan Chase, Bank of America, JPMorgan, Organization Locations: California, Mexican, China, Mexico, Los Angeles, Sinaloa, Central District, Central District of California, Colombia, America, Oregon, Virginia, South Carolina, Washington, DC, North, Central America, —, Iowa, North Carolina, Belize, Chinese, Georgia, Chicago, Tulsa, East Coast, Detroit , Chicago, Ohio, Western, of North Carolina, Wells Fargo

☆ As Social Security faces looming fund depletion, there's fierce debate over whether a commission can help
▼ + stars: | 2024-06-15 | by ( Lorie Konish | ) www.cnbc.com time to read: +9 min

"A vote for a commission is a vote to cut Social Security," the man shouted before he was escorted off the floor. How the last major reforms, in 1983, came togetherPresident Ronald Reagan signs the Social Security Act Amendment into law on April 20, 1983. The changes involved taxes on Social Security benefits, increases to payroll tax rates, a future increase to the retirement age and a near-term postponement of cost-of-living adjustments. Social Security Commission Chairman Alan Greenspan, left, shakes hands with Sen. Charles Grassley, R-Iowa, prior to a Social Security hearing on Feb. 15, 1983. Lawmakers divided on best path forwardToday, lawmakers are divided on the best path forward to address Social Security.

Persons: —, Scott Peters, Peters, Bill Huizenga, Joe Manchin, Mitt Romney, — Rep, John Larson, Connecticut —, It's, " Larson, Larson, Nancy Altman, Ronald Reagan, Alan Greenspan, Greenspan, Jim Baker, Reagan, Tip O'Neill, Robert M, Ball, O'Neill, Sen, Charles Grassley, Bob Dole, John Danforth, Altman, Bruce D, Schobel, Elizabeth Warren, Bernie Sanders, California —, they're, Hakeem Jeffries, Conn, Brian Higgins, Jimmy Gomez, Jeffries, Dan Kildee, Richard Neal, Tom Williams Organizations: iStock, Social, Social Security, AARP, CNBC, Rep, Democratic, Corbis, National Commission, Social Security Reform, Greenspan, Federal Reserve, House, White, Finance, Economic Policy Institute, Republican, Greenspan Commission, Senate Finance, Bettmann, Getty, Congress, Democratic House, White House, Democrats, Security, Capitol Visitor Center, CQ, Inc Locations: Sens, R, Utah, Connecticut, Massachusetts, Iowa, California, D

☆ Exclusive: Russia-linked smear campaign against Hunter Biden began earlier than previously thought
▼ + stars: | 2024-02-23 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +8 min

The man pushing the thumb drive was a citizen of an Eastern European country and a guest of Claremont. That evening, Rollie passed a thumb drive containing disinformation about Hunter Biden and Burisma to a Pompeo aide. Smirnov was indicted last week for lying to the FBI about Hunter Biden. The revelation about Rollie's thumb drive comes shortly after the indictment of Smirnov, for allegedly making false statements about Hunter Biden in June 2020. Like Smirnov, Rollie's materials accuse Hunter Biden of involving his father in Burisma's business and committing a vast off-the-books fraud.

Persons: Mike Pompeo, Hunter Biden, Rollie, Pompeo, Burisma, BI Rollie, I'm, Rollie's, Biden's, Josef, Johnathan Buma, Donald Trump, Joe Biden's, Peter Schweizer, Rudy Giuliani, John Solomon, Hunter, Giuliani, Alexander Smirnov, Smirnov, Biden, David Weiss, Smirnov's, Joe Biden, GOP Sen, Charles Grassley, MAGA, Jack Posobiec, Buma, Anastasiia Carrier Organizations: Claremont Institute's, Claremont, Business, BI, KGB, Department, Claremont Institute, FBI, New York Times, Prosecutors, GOP, State Department, Justice Department, Anastasiia Locations: Russia, Ukrainian, Beverly Hills, Eastern, Soviet, Los Angeles, Russian, Delaware, Ukraine, The Hill, East, West, Eastern Europe

☆ The consequences of old, powerful politicians refusing to let go
▼ + stars: | 2023-09-29 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —Most people don’t want to work into their 80s and 90s, but the powerful in Washington refuse to let go. “Anybody who thinks that if I step down, Obama could appoint someone like me, they’re misguided,” she told Elle in 2014. Nikki Haley got some early attention for her presidential campaign when she suggested a mental competency test for politicians over 75. What voters like most of all is what they knowThe most powerful force in American politics isn’t age or ideas, but rather incumbency. Everyone may have to work longer in the futureAmerican life expectancy, despite advances in medical care, was 77.4 in 2020.

Persons: Sen, Dianne Feinstein, California Democrat –, –, Gavin Newsom, Feinstein, Mitch McConnell, Nancy Pelosi, Pelosi, ” Pelosi, CNN’s Anderson Cooper, ”, “ He’s, Mitt Romney, ” Romney, Biden, Donald Trump, George H.W, George H.W . Bush, Clarence Thomas –, Thurgood Marshall, Marshall, ” Marshall, Bill Clinton, Ginsburg, Ruth Bader Ginsburg, Obama, “, Elle, Barack Obama, Amy Coney Barrett, Antonin Scalia, Nikki Haley, Trump, Haley, Ronald Reagan, Harry Enten, midterms, Charles Grassley, he’d, West Virginia Sen, Robert Byrd’s, Byrd, John McCain Organizations: CNN, California Democrat, California Gov, Capitol, Republican, Republicans, KGO, Utah Republican, Democrat, Former South Carolina Gov, Trump, Senate, Arizona Republican, Social Security Locations: Washington, California, Francisco, Utah, George H.W ., Former, West Virginia

☆ Same old story with aging politicians
▼ + stars: | 2023-07-27 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

The freeze is not an isolated incidentEarlier this year, McConnell could not hear reporters at a different news conference. Plus, McConnell is known to have fallen at least three times in the past year, according to CNN’s Manu Raju. His fall at the Waldorf Astoria in Washington led to a concussion and broken ribs that sidelined him for weeks. Nikki Haley got some early attention for her presidential campaign when she suggested a mental competency test for politicians over 75. The only other longer-serving senator is Sen. Charles Grassley, who is 89, and who won an eighth term last November.

Persons: it’s Mitch McConnell, McConnell, CNN’s Manu Raju, Raju, Feinstein, Sen, Dianne Feinstein, Democratic Sen, Patty Murray, John Fetterman, Nikki Haley, Joe Biden’s, Biden, ’, Donald Trump, Haley, Barack Obama, Ronald Reagan, Harry Enten, midterms, hasn’t, Charles Grassley, he’d, West Virginia Sen, Robert Byrd’s, Byrd Organizations: CNN, Republican, Senate, Hill, Reagan National Airport, Capitol, Feinstein Democrats, Democratic, Pennsylvania, Former South Carolina Gov, Republicans, Trump, Voters, Social Security, GOP, West Virginia Locations: convalesce, Finland, Washington, Kentucky, California, Former

WASHINGTON, March 16 (Reuters) - The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large bank failures mean that a blanket government guarantee now existed for all deposits. "I can reassure the members of the committee that our banking system is sound, and that Americans can feel confident that their deposits will be there when they need them," Yellen said. More than $9.2 trillion of U.S. bank deposits were uninsured at the end of last year, accounting for more than 40% of all deposits, according to U.S. central bank data. Those uninsured deposits are not distributed evenly across the country, FDIC data shows. She also noted the high level of uninsured deposits at Silicon Valley as an aggravating factor.

☆ Biden to resend former L.A. Mayor Garcetti's stalled ambassador nomination and others to Senate
▼ + stars: | 2023-01-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | Carol E. Lee | ) www.nbcnews.com time to read: +2 min

Those allegations were included in an investigative report released by Sen. Charles Grassley, R-Iowa, who was among the members who opposed the nomination. Asked last month about Garcetti’s nomination, Sen. Bob Menendez, D-N.J., the Foreign Relations Committee chair, wouldn’t say if he wanted the former mayor to be renominated. “He has a very impressive portfolio as it relates to India," Young told NBC. Too much time has passed.”India is a key ally for the U.S. that has been without a American ambassador since Biden took office. India also is scheduled to host this year's summit of the Group of 20 leading rich and developing nations.

☆ How the mind of an 80-year-old president is biologically different from a 45-year-old president's
▼ + stars: | 2022-09-13 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +23 min

It was 1988, and he'd approached President Ronald Reagan in the Cabinet room at the White House. People scoffed at the glowing hourlong media conference that President Donald Trump's White House doctor gave about his health. Reagan publicly announced he had Alzheimer's disease five years after he left the White House. Francis Shen, who teaches psychiatry at Harvard Medical School's Center for Bioethics, would like to see information about political leaders' cognitive health made public. Cognitive health should be no different, he said, because it also might affect the way presidents and members of Congress make important decisions.

So how are politicians spending election night in the time of coronavirus? Others will be drinking beer and flipping channels between old movies and election results. That announcement helped kickstart a 36-day saga that finally ended with Bush winning the presidential election. There, she's having an election night party that's being live-streamed. "It's the ultimate easy comfort food for an election night that will be filled with a lot of anxiety early on, and hopefully a lot of joy later on."

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