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Member since: Thu May 18, 2017, 12:36 PM
Number of posts: 11,739

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Bush, Romney won't support Trump reelection

Source: The Hill

Former President George W. Bush and Sen. Mitt Romney (R-Utah) will not support President Trump’s reelection, The New York Times reported Saturday.

Several Republican leaders are struggling with whether to endorse the sitting president in his reelection campaign, with some are considering endorsing or voting for presumptive Democratic nominee Joe Biden.

Recent events involving Trump’s response to the protests against police treatment of minority populations and the coronavirus pandemic have inspired an urgency among Republicans to decide whether to publicly discuss their voting plans for November, according to the Times.

Read more: https://thehill.com/homenews/campaign/501567-bush-romney-wont-support-trump-reelection-new-york-times

Former President George W. Bush and Sen. Mitt Romney: Dump Trump.

Marines ban public displays of Confederate flag

Source: The Hill

The U.S. Marines announced Friday that they would be removing all public displays of the Confederate flag.

The move comes after days of protests in cities across America following the death of George Floyd, an unarmed black man who died in Minneapolis police custody on May 25.


Read more: https://thehill.com/policy/defense/501504-marines-ban-public-displays-of-confederate-flag

Spurs coach Gregg Popovich says 'country is in trouble,' he's 'embarrassed as a white person'

San Antonio Spurs coach Gregg Popovich said he's "embarrassed as a white person" while addressing the death of George Floyd in an emotional video released by the team Saturday.

"It’s got to be us that speak truth to power, that call it out no matter the consequences," said Popovich, 71, lending his support to protests of police brutality and racial injustice.

"We have to not let anything go. Our country is in trouble and the basic reason is race."

At: https://www.freep.com/story/sports/nba/2020/06/06/spurs-coach-gregg-popovich-discusses-george-floyd-death/3163837001/

San Antonio Spurs Head Coach Gregg Popovich: Our country is in trouble and the basic reason is race.

Broncos' John Elway 'not going to stay on the sidelines' in fight vs. inequality

Denver Broncos general manager John Elway said Friday he's "not going to stay on the sidelines" during the fight against racial injustice.

Elway, 59, who led the franchise to a pair of Super Bowl titles during his playing career, posted a statement on Twitter after conversations with members of the Broncos organization.

He noted his discussions over the past week changed his perspective.

"I always thought that since I grew up in a locker room, I knew everything there was to know about understanding teammates from different backgrounds and walks of life," he wrote. "What I've realized is that I could not have been more wrong."


Pope Francis decries racism but says 'nothing is gained by violence'

Pope Francis spoke out on Wednesday about U.S. protests in reaction to the killing of George Floyd, calling for "national reconciliation and peace" to stop "the disturbing social unrest."

Francis, addressing the English-language faithful among his weekly general audience at the Vatican, called racism a "sin" and said that "we cannot tolerate or turn a blind eye to racism."

But he also said that the violence in the wake of many recent demonstrations is "self-destructive."

"Nothing is gained by violence, and so much is lost," he added.

At: https://abcnews.go.com/International/pope-francis-decries-racism-gained-violence/story?id=71044924

Pope Francis, earlier today: "Nothing is gained by violence, and so much is lost."

His native Argentina saw a wave of political violence in the mid-1970s, that gave the country's hard-right elements the pretext they needed to stage a coup in 1976 - followed by widespread human rights abuses and at least 22,000 disappearances.

Justin Amash wants bill to allow victims to sue police officers

Rep. Justin Amash of Michigan plans to unveil legislation this week that would allow citizens to file civil lawsuits against police officers for illegal and unconstitutional acts.

Amash hopes the bill would mitigate police brutality after George Floyd, a 46-year-old African-American man, died on May 25 after a Minneapolis police officer pressed his knee on Floyd's neck for nearly nine minutes.


Australia will investigate attack on journalists by police in Washington

Australian Prime Minister Scott Morrison has called for an investigation after two of the country's journalists were attacked by police in Washington, DC, on Monday.

During a live morning newscast on the program "Sunrise" on Tuesday in Australia, police were seen using their shields to clear Channel 7 News US correspondent Amelia Brace and photojournalist Tim Myers from the scene.

The Australian outlet is a CNN affiliate.

The video shows police hitting Myers and punching his camera. Another officer then directs the pair, who were trapped against a wall, to move on, before appearing to smack Brace in the back with a baton.

At: https://www.cnn.com/2020/06/02/media/australia-journalists-protests-washington/index.html

An Australian news crew was attacked by police during protests yesterday in Washington, DC.

Beloved BBQ chef who fed police for free fatally shot after Louisville authorities "returned fire"

A man was shot and killed in Louisville, Kentucky, after police said officers and the Kentucky National Guard "returned fire" on a group of people gathered outside a restaurant early Monday morning.

Kentucky Gov. Andy Beshear said in a statement Monday that the Louisville Metro Police Department (LMPD) and the Kentucky National Guard "were fired upon" while working to disperse a crowd as part of a citywide curfew.

They "returned fire," which resulted in a man's death, Beshear said, adding that he has authorized the Kentucky State Police to independently investigate the shooting.

Louisville Mayor Greg Fischer announced Monday that he had fired Louisville Metro Police Chief Steve Conrad after learning that the body cameras of the officers who had fired their weapons were not active at the time of the shooting.

Fischer, along with family members, identified the victim as David McAtee, 53, the beloved chef and owner of a popular barbecue joint located next to the Dino's Food Mart, who was known to be a "good friend" to LMPD officers.

At: https://www.buzzfeednews.com/article/tasneemnashrulla/man-killed-louisville-police-national-guard-protests

Louisville BBQ Chef David McAtee, 1966-2020.

The beloved chef and owner of a popular local barbecue joint was known to be a "good friend" to LMPD officers.

Sharpest increase since 1973: U.S. food prices see historic jump and are likely to stay high

As if trips to the grocery store weren’t nerve-wracking enough, U.S. shoppers lately have seen the costs of meat, eggs and even potatoes soar as the coronavirus has disrupted processing plants and distribution networks.

Overall, the cost of food bought to eat at home skyrocketed by the most in 46 years, and analysts caution that meat prices in particular could remain high as slaughterhouses struggle to maintain production levels while implementing procedures intended to keep workers healthy.

The Labor Department reports that the 2.6% jump in April food prices was the largest monthly increase in 46 years.

Prices for meats, poultry, fish and eggs increased the most, rising 4.3%. Although the 2.9% jump in cereals and bakery products wasn't as steep, it was still the largest increase the agency has recorded.

At: https://abcnews.go.com/Health/wireStory/us-food-prices-historic-jump-stay-high-70969164

Young shopper stocks up on cereal in a Connecticut supermarket in 1973.

April food prices saw the steepest monthly hike since currency and commodity price deregulation under Nixon led to a 6% jump in August of that year.

List of top offshorers revealed in Argentina

Argentine investigative journalist Horacio Verbitsky revealed the names of the top 100 firms, and top 100 individuals, to have offshored funds from Argentina during the 2015-19 Mauricio Macri administration.

The lists, published in Verbitsky's online journal El Cohete a la Luna (Moon Rocket), include over $129 billion - an amount similar to the $125 billion net increase in Argentina's public foreign debt from 2015 to 2019.

Those named include many of the most prominent firms and businesspeople in Argentina, as well as their relatives.

Some were also named in Verbitsky's 2017 publication of a partial list of those taking advantage of Macri's 2016 tax whitewash - including Macri's brother Gianfranco, who 'whitewashed' nearly $40 million.

A record $117 billion in offshore funds were declared in return for a one-time 5%-10% tax. But despite assurances that "$60 billion would be repatriated," all but $8 billion (93%) remained offshore.

Argentina is seeking to restructure $66 billion of a $250 billion foreign currency-denominated public debt, with President Alberto Fernández - who defeated Macri last year - noting that "the country has been bankrupt for over two years."

Deregulation and offshoring

Many of these firms and individuals took advantage of Macri's financial deregulation decrees, which were touted as the solution for the country's sluggish economy - but instead led to a massive debt bubble, a $44 billion IMF bailout in 2018-19, and a deep recession known locally as the "Macrisis."

Topping the list of firms is the nation's largest phone company, Telefónica Argentina ($1.25 billion); and its largest electricity distributor, Pampa Energía ($904 million).

Corporate offshoring totaled $55.7 billion during that four-year period; individuals and families totaled another $73.6 billion.

The list of individuals is led by the Eskenazi family, which offshored $103 million. The Eskenazis' now defunct hedge fund Petersen owned 25% of YPF, the nation's largest energy firm, until its partial renationalization in 2012.

The Ick family, whose Ick Group conglomerate is the largest firm in Santiago del Estero Province (one of the nation's poorest), offshored $43 million.

The Werthein family, probably best known as the top private sponsors of the Argentine Olympic Committee, offshored $24 million.

Claudio Belocopitt, CEO of the country's largest private hospital chain, Swiss Medical Group, offshored $21 million. His firm was hard-hit by Macri's 2019 default on peso-denominated debt - the first in Argentine history.

Large-scale offshoring has long been a drain on Argentina's dollar reserves. The country's private sector is estimated to hold $300 billion in offshore deposits and portfolio investment - dwarfing the $85 billion in domestic bank deposits.

Hernán Arbizu, a former JP Morgan Chase executive, first revealed in 2008 how Argentine firms and wealthy clients annually evade billions in taxes using local banks and exchange houses.

A one-time wealth surtax of 2% on those whose net worth is over $3 million is currently being debated in Argentina's Congress.

At: https://translate.google.com/translate?hl=en&tab=wT&sl=auto&tl=en&u=https%3A%2F%2Fwww.elcohetealaluna.com%2Flos-100-de-macri%2F

Argentine investigative journalist Horacio Verbitsky, whose lists of large individual and corporate offshorers has helped put names to the face of Argentina's current debt crisis.

The $129 billion in listed funds is similar to the $125 billion net increase in Argentina's public foreign debt from 2015 to 2019.
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