Trumps Indictment: Historical and Future Implications V
Cont from previous page
What Republicans mean by "socialism" in America is a product of the years immediately after the Civil War, when African American men first got the right to vote. Eager to join the economic system from which they had previously been excluded, these men voted for leaders who promised to rebuild the South, provide schools and hospitals (as well as prosthetics for veterans, a vital need in the post-war U.S.), and develop the economy with railroads to provide an equal opportunity for all men to rise to prosperity.
Former Confederates loathed the idea of Black men voting almost as much as they hated the idea of equal rights. They insisted that the public programs poorer voters wanted were simply a redistribution of wealth from prosperous white men to undeserving Black Americans who wanted a handout, although white people would also benefit from such programs. Improvements could be paid for only with tax levies, and white men were the only ones with property in the Reconstruction South. Thus, public investments in roads and schools and hospitals would redistribute wealth from propertied men to poor people, from white men to Black people. It was, opponents said, “socialism.” Poor black voters were instituting, one popular magazine wrote, "Socialism in South Carolina" and should be kept from the polls.
This idea that it was dangerous for working people to participate in government caught on in the North as immigrants moved into growing cities to work in the developing factories. Like their counterparts in the South, they voted for roads and schools, and wealthy men insisted these programs meant a redistribution of wealth through tax dollars. They got more concerned still when a majority of Americans began to call for regulation to keep businessmen from gouging consumers, polluting the environment, and poisoning the food supply (the reason you needed to worry about strangers and candy in that era was that candy was often painted with lead paint).
Any attempt to regulate business would impinge on a man's liberty, wealthy men argued, and it would cost tax dollars to hire inspectors. Thus, they said, it was a redistribution of wealth. Long before the Bolshevik Revolution in Russia brought the fears of a workers' government to life, Americans argued that their economy was under siege by socialists. Their conviction did indeed lead to a redistribution of wealth, but as regular Americans were kept from voting, the wealth went dramatically upward, not down.
The powerful formula linking racism to the idea of an active government and arguing that a government that promotes infrastructure, provides a basic social safety net, and regulates business is socialism has shaped American history since Reconstruction. In the modern era the Brown v. Board of Education Supreme Court decision of 1954 enabled wealthy men to convince voters that their tax dollars were being taken from them to promote the interests of Black Americans. President Ronald Reagan made that formula central to the Republican Party, and it has lived there ever since, as Republicans call any policy designed to help ordinary Americans “socialism.”
Vice President Harris recently said she would continue the work of the Biden administration and crack down on the price-fixing, price gouging, and corporate mergers that drove high grocery prices in the wake of the pandemic. Such plans have been on the table for a while: Senator Bob Casey (D-PA) noted last year that from July 2020 through July 2022, inflation rose by 14% and corporate profits rose by 75%. He backed a measure introduced by Senator Elizabeth Warren (D-MA)—who came up with the idea of the Consumer Financial Protection Bureau—that would set standards to prevent large corporations from price gouging during an “exceptional market shock” like a power grid failure, a public health emergency, a natural disaster, and so on. Harris’s proposal was met with pushback from opponents saying that such a law would do more harm than good and that post-pandemic high inflation was driven by the market.
Yesterday, during testimony for an antitrust case, an email from the senior director for pricing at the grocery giant Kroger, Andy Groff, to other Kroger executives seemed to prove that those calling out price gouging were at least in part right. In it, Groff wrote: “On milk and eggs, retail inflation has been significantly higher than cost inflation.”
—
Notes: https://heathercoxrichardson.substack.com/p/august-28-2024
What Republicans mean by "socialism" in America is a product of the years immediately after the Civil War, when African American men first got the right to vote. Eager to join the economic system from which they had previously been excluded, these men voted for leaders who promised to rebuild the South, provide schools and hospitals (as well as prosthetics for veterans, a vital need in the post-war U.S.), and develop the economy with railroads to provide an equal opportunity for all men to rise to prosperity.
Former Confederates loathed the idea of Black men voting almost as much as they hated the idea of equal rights. They insisted that the public programs poorer voters wanted were simply a redistribution of wealth from prosperous white men to undeserving Black Americans who wanted a handout, although white people would also benefit from such programs. Improvements could be paid for only with tax levies, and white men were the only ones with property in the Reconstruction South. Thus, public investments in roads and schools and hospitals would redistribute wealth from propertied men to poor people, from white men to Black people. It was, opponents said, “socialism.” Poor black voters were instituting, one popular magazine wrote, "Socialism in South Carolina" and should be kept from the polls.
This idea that it was dangerous for working people to participate in government caught on in the North as immigrants moved into growing cities to work in the developing factories. Like their counterparts in the South, they voted for roads and schools, and wealthy men insisted these programs meant a redistribution of wealth through tax dollars. They got more concerned still when a majority of Americans began to call for regulation to keep businessmen from gouging consumers, polluting the environment, and poisoning the food supply (the reason you needed to worry about strangers and candy in that era was that candy was often painted with lead paint).
Any attempt to regulate business would impinge on a man's liberty, wealthy men argued, and it would cost tax dollars to hire inspectors. Thus, they said, it was a redistribution of wealth. Long before the Bolshevik Revolution in Russia brought the fears of a workers' government to life, Americans argued that their economy was under siege by socialists. Their conviction did indeed lead to a redistribution of wealth, but as regular Americans were kept from voting, the wealth went dramatically upward, not down.
The powerful formula linking racism to the idea of an active government and arguing that a government that promotes infrastructure, provides a basic social safety net, and regulates business is socialism has shaped American history since Reconstruction. In the modern era the Brown v. Board of Education Supreme Court decision of 1954 enabled wealthy men to convince voters that their tax dollars were being taken from them to promote the interests of Black Americans. President Ronald Reagan made that formula central to the Republican Party, and it has lived there ever since, as Republicans call any policy designed to help ordinary Americans “socialism.”
Vice President Harris recently said she would continue the work of the Biden administration and crack down on the price-fixing, price gouging, and corporate mergers that drove high grocery prices in the wake of the pandemic. Such plans have been on the table for a while: Senator Bob Casey (D-PA) noted last year that from July 2020 through July 2022, inflation rose by 14% and corporate profits rose by 75%. He backed a measure introduced by Senator Elizabeth Warren (D-MA)—who came up with the idea of the Consumer Financial Protection Bureau—that would set standards to prevent large corporations from price gouging during an “exceptional market shock” like a power grid failure, a public health emergency, a natural disaster, and so on. Harris’s proposal was met with pushback from opponents saying that such a law would do more harm than good and that post-pandemic high inflation was driven by the market.
Yesterday, during testimony for an antitrust case, an email from the senior director for pricing at the grocery giant Kroger, Andy Groff, to other Kroger executives seemed to prove that those calling out price gouging were at least in part right. In it, Groff wrote: “On milk and eggs, retail inflation has been significantly higher than cost inflation.”
—
Notes: https://heathercoxrichardson.substack.com/p/august-28-2024
There was a time that I was a journalist for Republic Newspapers. A damn good ( I mean award winning ) reporter who really wanted to be an investigative journalist. However, my editor loved my "People stories", so that's what I did across the small town until responsibilities as a mother and wife took center stage. I still wrote periodically for years after whenever the paper would call me needing a story.
So, anyway, I have been pondering an idea for years that I thought I'd do some rudimentary investigating on coinciding with Biden's election win with the sudden correlation of inflation.
If you were a big business owner ( I'm not talking Mom & Pops like I have ), I mean BIG business owner and you had been promised tax cuts and incentives by the previous administration, what would you do if that administration lost the election, and the new administration came in threatening to investigate big business and wealthy owners to pay their fair share of taxes?
Would you do everything in your power to make the new administration look bad? Would you increase your prices and attribute it to the pandemic, "inflation", or supply-and-demand while doubling or tripling your profits on the foundation of price gouging?
I decided to check after reading HCR's last letter regarding corporate profits at an all-time high of 75%.
1. Walmart to Pay Millions for Meat Dept. Overcharges – The Back Story
https://www.mouseprint.org/2024/04/08/walmart-to-pay-millions-for-meat-dept-overcharges-the-back-story/
• Walmart CEO: According to WWD, Walmart president and CEO Doug McMillon contributed $384 to a political action fund owned by Walmart in January 2016. According to the report, McMillion has a history of contributing to Republican candidates
Walmart profits jumped to $15 billion in 2023.
2. Amazon.com COVID-19 Price Gouging Consumer Litigation
Washington Supreme Court Delivers Massive Victory to Consumers in Price-Gouging Lawsuit Against Amazon
https://www.hbsslaw.com/press/amazoncom-covid-19-price-gouging-consumer-litigation/washington-supreme-court-delivers-massive-victory-to-consumers-in-price-gouging-lawsuit-against-amazon
• Jeff Bezos, Founder & former CEO: Republican
• Andy Jassey: Current CEO and member of the Republican Club but appears to be leaning
left now on issues such as LGBTQ rights, climate change, immigration, etc.
Amazon profited 30.4 Billion in 2023 In 2023, up from a $2.7 billion loss in 2022.
3. US lawsuits implicate major retails in egg “price gouging”
Producers, wholesalers and major retailers face legal action for alleged “price gouging” by increasing egg prices during the coronavirus pandemic.
https://www.thepoultrysite.com/news/2020/05/us-lawsuits-implicate-major-retails-in-egg-price-gouging
• According to reporting in FarmingUK, lawyers based in California have begun a class action lawsuit. Major retailers like Walmart, Costco, Amazon, Kroger and Trader Joe’s have been named in court papers. Egg producer Cal-Maine Foods has also been listed as a defendant.
• Kroger: Rodney McMullen: Republican
• Walmart: Established above - Republican
• Amazon: Established above - Republican
• Costco: Walter Craig Jelinek ( until 2023 - Democrat )
Roland Michael Vachris ( CEO as of 2024 - undetermined )
• Trader Joes: Family of Theo Albrecht, German, Undetermined
• Cal-Maine Foods: Sherman Miller, Undetermined
4. Attorney General Josh Stein ( Democrat ) Wins Three Price Gouging Lawsuits
https://ncdoj.gov/attorney-general-josh-stein-wins-three-price-gouging-lawsuits/
• Zachary Bryan Broch, owner, Secure Restoration, Republican
• Joel Hopkins, President, Jacks in and Out Mart: Republican
Again, this is all rudimentary research from public sources. There are other verifiable means; however, it takes time . . .
So, anyway, I have been pondering an idea for years that I thought I'd do some rudimentary investigating on coinciding with Biden's election win with the sudden correlation of inflation.
If you were a big business owner ( I'm not talking Mom & Pops like I have ), I mean BIG business owner and you had been promised tax cuts and incentives by the previous administration, what would you do if that administration lost the election, and the new administration came in threatening to investigate big business and wealthy owners to pay their fair share of taxes?
Would you do everything in your power to make the new administration look bad? Would you increase your prices and attribute it to the pandemic, "inflation", or supply-and-demand while doubling or tripling your profits on the foundation of price gouging?
I decided to check after reading HCR's last letter regarding corporate profits at an all-time high of 75%.
1. Walmart to Pay Millions for Meat Dept. Overcharges – The Back Story
https://www.mouseprint.org/2024/04/08/walmart-to-pay-millions-for-meat-dept-overcharges-the-back-story/
• Walmart CEO: According to WWD, Walmart president and CEO Doug McMillon contributed $384 to a political action fund owned by Walmart in January 2016. According to the report, McMillion has a history of contributing to Republican candidates
Walmart profits jumped to $15 billion in 2023.
2. Amazon.com COVID-19 Price Gouging Consumer Litigation
Washington Supreme Court Delivers Massive Victory to Consumers in Price-Gouging Lawsuit Against Amazon
https://www.hbsslaw.com/press/amazoncom-covid-19-price-gouging-consumer-litigation/washington-supreme-court-delivers-massive-victory-to-consumers-in-price-gouging-lawsuit-against-amazon
• Jeff Bezos, Founder & former CEO: Republican
• Andy Jassey: Current CEO and member of the Republican Club but appears to be leaning
left now on issues such as LGBTQ rights, climate change, immigration, etc.
Amazon profited 30.4 Billion in 2023 In 2023, up from a $2.7 billion loss in 2022.
3. US lawsuits implicate major retails in egg “price gouging”
Producers, wholesalers and major retailers face legal action for alleged “price gouging” by increasing egg prices during the coronavirus pandemic.
https://www.thepoultrysite.com/news/2020/05/us-lawsuits-implicate-major-retails-in-egg-price-gouging
• According to reporting in FarmingUK, lawyers based in California have begun a class action lawsuit. Major retailers like Walmart, Costco, Amazon, Kroger and Trader Joe’s have been named in court papers. Egg producer Cal-Maine Foods has also been listed as a defendant.
• Kroger: Rodney McMullen: Republican
• Walmart: Established above - Republican
• Amazon: Established above - Republican
• Costco: Walter Craig Jelinek ( until 2023 - Democrat )
Roland Michael Vachris ( CEO as of 2024 - undetermined )
• Trader Joes: Family of Theo Albrecht, German, Undetermined
• Cal-Maine Foods: Sherman Miller, Undetermined
4. Attorney General Josh Stein ( Democrat ) Wins Three Price Gouging Lawsuits
https://ncdoj.gov/attorney-general-josh-stein-wins-three-price-gouging-lawsuits/
• Zachary Bryan Broch, owner, Secure Restoration, Republican
• Joel Hopkins, President, Jacks in and Out Mart: Republican
Again, this is all rudimentary research from public sources. There are other verifiable means; however, it takes time . . .
August 29, 2024
Heather Cox Richardson
Aug 30, 2024
And now the U.S. Army has weighed in on the scandal surrounding Trump’s visit to Arlington National Cemetery for a campaign photo op, after which his team shared a campaign video it had filmed. The Army said that the cemetery hosts almost 3,000 public wreath-laying ceremonies a year without incident and that Trump and his staff “were made aware of federal laws, Army regulations and [Department of Defense] policies, which clearly prohibit political activities on cemetery grounds.”
It went on to say that a cemetery employee “who attempted to ensure adherence to these rules was abruptly pushed aside…. This incident was unfortunate, and it is also unfortunate that the… employee and her professionalism has been unfairly attacked. [Arlington National Cemetery] is a national shrine to the honored dead of the Armed Forces, and its dedicated staff will continue to ensure public ceremonies are conducted with the dignity and respect the nation’s fallen deserve.”
“I don’t think I can adequately explain what a massive deal it is for the Army to make a statement like this,” political writer and veteran Allison Gill of Mueller, She Wrote, noted. “The Pentagon avoids statements like this at all costs. But a draft dodging traitor decided to lie about our armed forces staff, so they went to paper.”
The deputy Pentagon press secretary Sabrina Singh said the Department of Defense is “aware of the statement that the Army issued, and we support what the Army said.” Hours later, Trump campaign manager Chris LaCivita reposted the offending video on X and, tagging the official account for Army Secretary Christine Wormuth, said he was “hoping to trigger the hacks” in her office.
In Talking Points Memo, Josh Marshall reported that the Trump campaign’s plan was to lay a wreath at Arlington National Cemetery to honor the 13 members of the U.S. military killed in the suicide bombing during the evacuation of Kabul, Afghanistan, in August 2021. They intended to film the event and then attack Vice President Kamala Harris and President Joe Biden for not “showing up” for the event, which they intended to portray as an “established memorial.”
Another major story from yesterday is that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has finalized two rules that will work to stop corruption and money laundering in U.S. residential real estate and in private investment.
This is a big deal. As scholar of kleptocracies Casey Michel put it: “This is a massive, massive deal in the world of counter-kleptocracy—the U.S. is finally ending the gargantuan anti–money laundering loopholes for real estate, private equity, hedge funds, and more. Can't overstate how important this is. What a feat.”
After the collapse of the Soviet Union in late 1991, the oligarchs who rose to power in the former Soviet republics looked to park their illicit money in western democracies, where the rule of law would protect their investments. Once invested in the United States, they favored the Republicans, who focused on the protection of wealth rather than social services. For their part, Republican politicians focused on spreading capitalism rather than democracy, arguing that the two went hand in hand.
The financial deregulation that made the U.S. a good bet for oligarchs to launder money got a boost when, shortly after the September 11, 2001, attacks, Congress passed the USA PATRIOT Act to address the threat of terrorism. The law took on money laundering and the illicit funding of terrorism, requiring financial institutions to inspect large sums of money passing through them. But the Financial Crimes Enforcement Network (FinCEN) exempted many real estate deals from the new regulations.
The United States became one of the money-laundering capitals of the world, with hundreds of billions of dollars laundered in the U.S. every year.
In 2011 the international movement of illicit money led then–FBI director Robert Mueller to tell the Citizens Crime Commission of New York City that globalization and technology had changed the nature of organized crime. International enterprises, he said, “are running multi-national, multi-billion dollar schemes from start to finish…. They may be former members of nation-state governments, security services, or the military…. These criminal enterprises are making billions of dollars from human trafficking, health care fraud, computer intrusions, and copyright infringement. They are cornering the market on natural gas, oil, and precious metals, and selling to the highest bidder…. These groups may infiltrate our businesses. They may provide logistical support to hostile foreign powers. They may try to manipulate those at the highest levels of government. Indeed, these so-called ‘iron triangles’ of organized criminals, corrupt government officials, and business leaders pose a significant national security threat.”
Cont below
Heather Cox Richardson
Aug 30, 2024
And now the U.S. Army has weighed in on the scandal surrounding Trump’s visit to Arlington National Cemetery for a campaign photo op, after which his team shared a campaign video it had filmed. The Army said that the cemetery hosts almost 3,000 public wreath-laying ceremonies a year without incident and that Trump and his staff “were made aware of federal laws, Army regulations and [Department of Defense] policies, which clearly prohibit political activities on cemetery grounds.”
It went on to say that a cemetery employee “who attempted to ensure adherence to these rules was abruptly pushed aside…. This incident was unfortunate, and it is also unfortunate that the… employee and her professionalism has been unfairly attacked. [Arlington National Cemetery] is a national shrine to the honored dead of the Armed Forces, and its dedicated staff will continue to ensure public ceremonies are conducted with the dignity and respect the nation’s fallen deserve.”
“I don’t think I can adequately explain what a massive deal it is for the Army to make a statement like this,” political writer and veteran Allison Gill of Mueller, She Wrote, noted. “The Pentagon avoids statements like this at all costs. But a draft dodging traitor decided to lie about our armed forces staff, so they went to paper.”
The deputy Pentagon press secretary Sabrina Singh said the Department of Defense is “aware of the statement that the Army issued, and we support what the Army said.” Hours later, Trump campaign manager Chris LaCivita reposted the offending video on X and, tagging the official account for Army Secretary Christine Wormuth, said he was “hoping to trigger the hacks” in her office.
In Talking Points Memo, Josh Marshall reported that the Trump campaign’s plan was to lay a wreath at Arlington National Cemetery to honor the 13 members of the U.S. military killed in the suicide bombing during the evacuation of Kabul, Afghanistan, in August 2021. They intended to film the event and then attack Vice President Kamala Harris and President Joe Biden for not “showing up” for the event, which they intended to portray as an “established memorial.”
Another major story from yesterday is that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has finalized two rules that will work to stop corruption and money laundering in U.S. residential real estate and in private investment.
This is a big deal. As scholar of kleptocracies Casey Michel put it: “This is a massive, massive deal in the world of counter-kleptocracy—the U.S. is finally ending the gargantuan anti–money laundering loopholes for real estate, private equity, hedge funds, and more. Can't overstate how important this is. What a feat.”
After the collapse of the Soviet Union in late 1991, the oligarchs who rose to power in the former Soviet republics looked to park their illicit money in western democracies, where the rule of law would protect their investments. Once invested in the United States, they favored the Republicans, who focused on the protection of wealth rather than social services. For their part, Republican politicians focused on spreading capitalism rather than democracy, arguing that the two went hand in hand.
The financial deregulation that made the U.S. a good bet for oligarchs to launder money got a boost when, shortly after the September 11, 2001, attacks, Congress passed the USA PATRIOT Act to address the threat of terrorism. The law took on money laundering and the illicit funding of terrorism, requiring financial institutions to inspect large sums of money passing through them. But the Financial Crimes Enforcement Network (FinCEN) exempted many real estate deals from the new regulations.
The United States became one of the money-laundering capitals of the world, with hundreds of billions of dollars laundered in the U.S. every year.
In 2011 the international movement of illicit money led then–FBI director Robert Mueller to tell the Citizens Crime Commission of New York City that globalization and technology had changed the nature of organized crime. International enterprises, he said, “are running multi-national, multi-billion dollar schemes from start to finish…. They may be former members of nation-state governments, security services, or the military…. These criminal enterprises are making billions of dollars from human trafficking, health care fraud, computer intrusions, and copyright infringement. They are cornering the market on natural gas, oil, and precious metals, and selling to the highest bidder…. These groups may infiltrate our businesses. They may provide logistical support to hostile foreign powers. They may try to manipulate those at the highest levels of government. Indeed, these so-called ‘iron triangles’ of organized criminals, corrupt government officials, and business leaders pose a significant national security threat.”
Cont below
Cont from above
Congress addressed this threat in 2021 by including the Corporate Transparency Act in the National Defense Authorization Act. It undercut shell companies and money laundering by requiring the owners of any company that is not otherwise overseen by the federal government (by filing taxes, for example, or through close regulation) to file with FinCEN a report identifying (by name, birth date, address, and an identifying number) each person associated with the company who either owns 25% or more of it or exercised substantial control over it. The measure also increased penalties for money laundering and streamlined cooperation between banks and foreign law enforcement authorities. That act went into effect on January 1, 2024.
Meanwhile, the Biden administration made fighting corruption a centerpiece of its attempt to shore up democracy both at home and abroad. In June 2021, President Biden declared the fight against corruption a core U.S. national security interest. “Corruption threatens United States national security, economic equity, global anti-poverty and development efforts, and democracy itself,” he wrote. “But by effectively preventing and countering corruption and demonstrating the advantages of transparent and accountable governance, we can secure a critical advantage for the United States and other democracies.”
In March 2023 the Treasury told Congress that “[m]oney laundering perpetrated by the Government of the Russian Federation (GOR), Russian [state-owned enterprises], Russian organized crime, and Russian elites poses a significant threat to the national security of the United States and the integrity of the international financial system,” and it outlined the ways in which it had been trying to combat that corruption.
Now FinCEN has firmed up rules to add anti-money-laundering safeguards to private real estate and private investment. They will require certain industry professionals to report information to FinCEN about cash transfers of residential real estate to a legal entity or trust, transactions that “present a high illicit finance risk,” FinCEN wrote. “The rule will increase transparency, limit the ability of illicit actors to anonymously launder illicit proceeds through the American housing market, and bolster law enforcement investigative efforts.” The real estate rule will go into effect on December 1, 2025.
The rule about investment advisors will make the obligation to report suspicious financial activity apply to certain financial advisors. This rule will go into effect on January 1, 2026.
“The Treasury Department has been hard at work to disrupt attempts to use the United States to hide and launder ill-gotten gains,” Secretary of the Treasury Janet L. Yellen explained. “That includes by addressing our biggest regulatory deficiencies, including through these two new rules that close critical loopholes in the U.S. financial system that bad actors use to facilitate serious crimes like corruption, narcotrafficking, and fraud. These steps will make it harder for criminals to exploit our strong residential real estate and investment adviser sectors.”
“I applaud FinCEN’s commonsense efforts to prevent corrupt actors from using the American residential real estate and private investment sectors as safe havens for hiding dirty money,” Senator Sheldon Whitehouse (D-RI) said in a statement. “For too long, vulnerabilities in the system have attracted kleptocrats, cartels, and criminals looking to stow away their ill-gotten gains. I hope FinCEN will apply similar safeguards to commercial real estate, as well as due diligence requirements to investment advisors. These are all welcome steps toward keeping our country and financial system safe and secure for the American people—not those who wish to abuse it.”
The Commission on Security and Cooperation in Europe (also known as the Helsinki Commission) brought the history of modern money laundering full circle. It said: “We welcome the Treasury Department's decision to close off crucial pathways for Russian money laundering and sanctions evasion through real estate and private equity.”
—
Notes: https://heathercoxrichardson.substack.com/p/august-29-2024
Congress addressed this threat in 2021 by including the Corporate Transparency Act in the National Defense Authorization Act. It undercut shell companies and money laundering by requiring the owners of any company that is not otherwise overseen by the federal government (by filing taxes, for example, or through close regulation) to file with FinCEN a report identifying (by name, birth date, address, and an identifying number) each person associated with the company who either owns 25% or more of it or exercised substantial control over it. The measure also increased penalties for money laundering and streamlined cooperation between banks and foreign law enforcement authorities. That act went into effect on January 1, 2024.
Meanwhile, the Biden administration made fighting corruption a centerpiece of its attempt to shore up democracy both at home and abroad. In June 2021, President Biden declared the fight against corruption a core U.S. national security interest. “Corruption threatens United States national security, economic equity, global anti-poverty and development efforts, and democracy itself,” he wrote. “But by effectively preventing and countering corruption and demonstrating the advantages of transparent and accountable governance, we can secure a critical advantage for the United States and other democracies.”
In March 2023 the Treasury told Congress that “[m]oney laundering perpetrated by the Government of the Russian Federation (GOR), Russian [state-owned enterprises], Russian organized crime, and Russian elites poses a significant threat to the national security of the United States and the integrity of the international financial system,” and it outlined the ways in which it had been trying to combat that corruption.
Now FinCEN has firmed up rules to add anti-money-laundering safeguards to private real estate and private investment. They will require certain industry professionals to report information to FinCEN about cash transfers of residential real estate to a legal entity or trust, transactions that “present a high illicit finance risk,” FinCEN wrote. “The rule will increase transparency, limit the ability of illicit actors to anonymously launder illicit proceeds through the American housing market, and bolster law enforcement investigative efforts.” The real estate rule will go into effect on December 1, 2025.
The rule about investment advisors will make the obligation to report suspicious financial activity apply to certain financial advisors. This rule will go into effect on January 1, 2026.
“The Treasury Department has been hard at work to disrupt attempts to use the United States to hide and launder ill-gotten gains,” Secretary of the Treasury Janet L. Yellen explained. “That includes by addressing our biggest regulatory deficiencies, including through these two new rules that close critical loopholes in the U.S. financial system that bad actors use to facilitate serious crimes like corruption, narcotrafficking, and fraud. These steps will make it harder for criminals to exploit our strong residential real estate and investment adviser sectors.”
“I applaud FinCEN’s commonsense efforts to prevent corrupt actors from using the American residential real estate and private investment sectors as safe havens for hiding dirty money,” Senator Sheldon Whitehouse (D-RI) said in a statement. “For too long, vulnerabilities in the system have attracted kleptocrats, cartels, and criminals looking to stow away their ill-gotten gains. I hope FinCEN will apply similar safeguards to commercial real estate, as well as due diligence requirements to investment advisors. These are all welcome steps toward keeping our country and financial system safe and secure for the American people—not those who wish to abuse it.”
The Commission on Security and Cooperation in Europe (also known as the Helsinki Commission) brought the history of modern money laundering full circle. It said: “We welcome the Treasury Department's decision to close off crucial pathways for Russian money laundering and sanctions evasion through real estate and private equity.”
—
Notes: https://heathercoxrichardson.substack.com/p/august-29-2024
Harris/Walz full interview:
https://www.cnn.com/2024/08/30/politics/video/kamala-harris-tim-walz-full-interview-part-1-digvid
https://www.cnn.com/2024/08/30/politics/video/kamala-harris-tim-walz-full-interview-part-1-digvid
Jack White Gives Trump a Heads Up, "Lawsuit Coming From My Lawyers," After Unauthorized Use of Seven Nation Army.
Just how many musicians does Trump need to be sued by before he gets the message that he can't just use any music you like to promote his candidacy despite the attitude that everything is his for the taking?!
Additional list of musicians suing for unauthorized use depicting false endorsements:
Beyoncé – “Freedom”
Sinéad O’Connor Estate – “Nothing Compares 2 U”
The Smiths –“Please, Please, Please, Let Me Get What I Want”
Celine Dion – “My Heart Will Go On”
Sam & Dave – “Hold On I’m Comin’”
Foo Fighters – “My Hero”
Abba – “Money, Money, Money”
Just how many musicians does Trump need to be sued by before he gets the message that he can't just use any music you like to promote his candidacy despite the attitude that everything is his for the taking?!
Additional list of musicians suing for unauthorized use depicting false endorsements:
Beyoncé – “Freedom”
Sinéad O’Connor Estate – “Nothing Compares 2 U”
The Smiths –“Please, Please, Please, Let Me Get What I Want”
Celine Dion – “My Heart Will Go On”
Sam & Dave – “Hold On I’m Comin’”
Foo Fighters – “My Hero”
Abba – “Money, Money, Money”
O.M.G.
Back by popular demand, my TRUMP DIGITAL TRADING CARDS, Series 4: The America First Collection, is available RIGHT NOW, and I think you’ll love it! For some, there’ll be an Invite to a Gala Dinner at my beautiful private Club in Jupiter, Florida. Don’t wait, have fun - The Cards will go FAST! [ . . . ] ENJOY!
Nope. No narcissistic grifting here. . .
NOTE: Trumps exact quote on Truth Social was: “107% of those jobs are being taken by illegal aliens….”
Source: https://x.com/Lokay/status/1814137607208448195
( I'm personally curious as to how it's possible 107% of jobs can be taken in the first place . . .
)
Former President Donald Trump claimed in a post on Truth Social Tuesday morning “most new jobs under” President Joe Biden “went to illegal immigrants” and alleged many of the jobs created under Biden are “Covid bounce-back jobs”—despite data showing Biden’s tenure has seen significant job growth even compared to before the pandemic, including some growth for the American-born workforce.
[ . . . ]
Trump and other Republicans have falsely said job growth under Biden has been “virtually 100%” from illegal immigration, which is not true as the number of employed American-born people in the workforce has grown about 6% under Biden and the number of employed foreign-born people in the workforce has grown 22%.
[ . . . ]
Job growth under Biden extends beyond a post-pandemic bounce back: In February 2020 there were 15.2 million non-farm employees in the U.S. compared to about 15.8 million now, marking about a 4.4% increase in total jobs, according to total nonfarm payrolls, the most-cited measure of total employment, which encompasses most American workers.
[ . . . ]
The unemployment rate has also decreased under Biden, while it rose under Trump. During Trump’s presidency, unemployment jumped 1.7 percentage points from 4.7% to 6.4%. The most recent labor figures show it has declined 2.1 percentage points under Biden to 4.3%. In February 2020, the unemployment rate was 3.5%.
https://www.forbes.com/sites/mollybohannon/2024/08/20/fact-check-trump-falsely-claims-most-new-jobs-under-biden-went-to-illegal-immigrants/
Source: https://x.com/Lokay/status/1814137607208448195
( I'm personally curious as to how it's possible 107% of jobs can be taken in the first place . . .
) Former President Donald Trump claimed in a post on Truth Social Tuesday morning “most new jobs under” President Joe Biden “went to illegal immigrants” and alleged many of the jobs created under Biden are “Covid bounce-back jobs”—despite data showing Biden’s tenure has seen significant job growth even compared to before the pandemic, including some growth for the American-born workforce.
[ . . . ]
Trump and other Republicans have falsely said job growth under Biden has been “virtually 100%” from illegal immigration, which is not true as the number of employed American-born people in the workforce has grown about 6% under Biden and the number of employed foreign-born people in the workforce has grown 22%.
[ . . . ]
Job growth under Biden extends beyond a post-pandemic bounce back: In February 2020 there were 15.2 million non-farm employees in the U.S. compared to about 15.8 million now, marking about a 4.4% increase in total jobs, according to total nonfarm payrolls, the most-cited measure of total employment, which encompasses most American workers.
[ . . . ]
The unemployment rate has also decreased under Biden, while it rose under Trump. During Trump’s presidency, unemployment jumped 1.7 percentage points from 4.7% to 6.4%. The most recent labor figures show it has declined 2.1 percentage points under Biden to 4.3%. In February 2020, the unemployment rate was 3.5%.
https://www.forbes.com/sites/mollybohannon/2024/08/20/fact-check-trump-falsely-claims-most-new-jobs-under-biden-went-to-illegal-immigrants/
August 30, 2024
Heather Cox Richardson
Aug 31, 2024
Trump and the MAGA movement garnered power through performances that projected dominance and cowed media and opponents into silence. Rather than disqualifying him from the highest office in the United States, Trump’s mocking of a disabled reporter, bragging about assaulting women, and calling immigrants rapists and criminals seemed to demonstrate his dominance and strengthen him with his base. In July the Republican National Convention celebrated that performance with a deliberate appropriation of the themes of professional wrestling, including a display by an actual professional wrestler.
Their plan for winning the 2024 election seems to have been to put forward more of the same.
But the national mood appears to be changing. President Joe Biden’s decision to decline the Democratic nomination for president opened the way for the Democrats to launch a new, younger, more vibrant vision for the country.
Democratic nominee Vice President Kamala Harris and her running mate, Minnesota governor Tim Walz, have promised to continue, and even to expand slightly, the programs that under the Biden-Harris administration have started the process of rebuilding the country’s infrastructure, bringing back manufacturing, and investing in industries to combat climate change. As the country did before 1981, they are promising to continue to focus on supporting a strong middle class rather than those at the top of the economy.
Harris and Walz are building on this economic base to recenter the United States government on the idea of community. They have deliberately rejected the identity politics that Trump used so effectively to assert his dominance and have instead emphasized that they see the country not as a community defined by winners and losers, but as one in which everyone has value and should have the same opportunities for success.
Last night, CNN’s Dana Bash asked Harris, whose mother immigrated to the U.S. from India and whose father immigrated from Jamaica, to respond to Trump’s suggestion that she “happened to turn Black” for political advantage, “questioning a core part of your identity.” Harris responded: “Same old, tired playbook. Next question, please,” and she laughed. “That’s it?” Bash asked. “That’s it,” Harris answered.
Harris’s refusal to accept the MAGA terms of engagement, along with the exuberant support for Harris and Walz, has Trump, Republican vice presidential candidate J.D. Vance, and MAGA Republicans reeling. That, in turn, has made them seem vulnerable, and that vulnerability is now opening up room for pundits from a range of outlets to challenge them. They seem to be losing the ability to control the public conversation by asserting dominance.
This change has been evident this week in the response to Trump’s visit to Arlington National Cemetery with the family of a soldier who died in the U.S. withdrawal from Afghanistan three years ago for campaign videos and photos attacking Harris, despite the fact that federal law prohibits campaign activities in the cemetery, in what is widely considered hallowed ground. The moment almost passed unnoticed, as it likely would have in the past, but Esquire’s Charles Pierce asked in his blog: “How The Hell Was Trump Allowed To Use Arlington National Cemetery As A Campaign Prop?”
Led by NPR, different outlets begin to dig into the story, and Trump, Vance, Trump’s spokesperson, and Trump’s campaign manager Chris LaCivita all tried to brush off their lawlessness with their usual rhetoric. Trump tried to change the subject to say he was being unfairly attacked for supporting a military family. Vance tried to suggest that Harris should have attended the private ceremony and that for criticizing it she should “go to hell,” although she hadn’t commented on it. The spokesperson suggested that the female cemetery official who tried to stop them was experiencing a “mental health episode,” and LaCivita, a leading figure in the Swift Boat veterans’ attacks on John Kerry in 2004, reposted an offending video to “trigger” Army officials, he said.
It hasn’t flown. Today, MSNBC’s Dasha Burns asked Trump directly: “Should your campaign have put out those videos and photos?” Trump answered: “Well, we have a lot of people. You know, we have people, TikTok people, you know we’re leading the Internet. That was the other thing. We’re so far above her on the Internet….” Burns interrupted and followed up: “But on that hallowed ground, should they have put out the images…?” Trump said: “Well I don’t know what the rules and regulations are, I don’t know who did it, and, I, it could have been them. It could have been the parents. It could have been somebody….”
Burns interrupted again: “It was your campaign’s TikTok that put out the video.” Trump answered: "I really don't know anything about it. All I do is I stood there and I said, 'If you'd like to have a picture, we can have a picture.' If somebody did it; this was a setup by the people in the administration that, 'Oh, Trump is coming to Arlington, that looks so bad for us.’"
In the days since Biden stepped out of contention, Trump has been flailing—often complaining that it is “unfair” that Biden isn’t his opponent any longer—but his behavior has rocketed downhill since the new grand jury delivered a new indictment revising the four charges against him for trying to overturn the results of the 2020 presidential election and install himself in power. Karen Tumulty wrote in the Washington Post today that Trump is “spiraling,” noting that in the space of 24 hours he posted about Harris engaging in a sex act, promoted QAnon slogans, and called for prison for his political opponents.
Tumulty notes that Trump’s team has been trying to get him to focus on the issues voters care about, but that after he “listlessly delivers some lines from the teleprompter,” he “gets bored and begins recycling the rants from his rallies.” Harris has stayed silent about his behavior, Tumulty says a campaign staffer told her, because “Why would we step in this man’s way?” The Harris campaign wants microphones left on throughout the planned September 10 debate, expecting that Trump will not be able to contain the rants that used to serve his interests but now turn voters off.
To Vance is left the job of trying to clean up after Trump, but he’s not a skilled politician. Asked by John Berman about Trump’s social media attacks, Vance suggested that Trump was bringing “fun” and “jokes” to politics to “lift people up.” But observers on social media noted that claiming that attacks are “jokes” is a key part of asserting dominance.
Cont below
Heather Cox Richardson
Aug 31, 2024
Trump and the MAGA movement garnered power through performances that projected dominance and cowed media and opponents into silence. Rather than disqualifying him from the highest office in the United States, Trump’s mocking of a disabled reporter, bragging about assaulting women, and calling immigrants rapists and criminals seemed to demonstrate his dominance and strengthen him with his base. In July the Republican National Convention celebrated that performance with a deliberate appropriation of the themes of professional wrestling, including a display by an actual professional wrestler.
Their plan for winning the 2024 election seems to have been to put forward more of the same.
But the national mood appears to be changing. President Joe Biden’s decision to decline the Democratic nomination for president opened the way for the Democrats to launch a new, younger, more vibrant vision for the country.
Democratic nominee Vice President Kamala Harris and her running mate, Minnesota governor Tim Walz, have promised to continue, and even to expand slightly, the programs that under the Biden-Harris administration have started the process of rebuilding the country’s infrastructure, bringing back manufacturing, and investing in industries to combat climate change. As the country did before 1981, they are promising to continue to focus on supporting a strong middle class rather than those at the top of the economy.
Harris and Walz are building on this economic base to recenter the United States government on the idea of community. They have deliberately rejected the identity politics that Trump used so effectively to assert his dominance and have instead emphasized that they see the country not as a community defined by winners and losers, but as one in which everyone has value and should have the same opportunities for success.
Last night, CNN’s Dana Bash asked Harris, whose mother immigrated to the U.S. from India and whose father immigrated from Jamaica, to respond to Trump’s suggestion that she “happened to turn Black” for political advantage, “questioning a core part of your identity.” Harris responded: “Same old, tired playbook. Next question, please,” and she laughed. “That’s it?” Bash asked. “That’s it,” Harris answered.
Harris’s refusal to accept the MAGA terms of engagement, along with the exuberant support for Harris and Walz, has Trump, Republican vice presidential candidate J.D. Vance, and MAGA Republicans reeling. That, in turn, has made them seem vulnerable, and that vulnerability is now opening up room for pundits from a range of outlets to challenge them. They seem to be losing the ability to control the public conversation by asserting dominance.
This change has been evident this week in the response to Trump’s visit to Arlington National Cemetery with the family of a soldier who died in the U.S. withdrawal from Afghanistan three years ago for campaign videos and photos attacking Harris, despite the fact that federal law prohibits campaign activities in the cemetery, in what is widely considered hallowed ground. The moment almost passed unnoticed, as it likely would have in the past, but Esquire’s Charles Pierce asked in his blog: “How The Hell Was Trump Allowed To Use Arlington National Cemetery As A Campaign Prop?”
Led by NPR, different outlets begin to dig into the story, and Trump, Vance, Trump’s spokesperson, and Trump’s campaign manager Chris LaCivita all tried to brush off their lawlessness with their usual rhetoric. Trump tried to change the subject to say he was being unfairly attacked for supporting a military family. Vance tried to suggest that Harris should have attended the private ceremony and that for criticizing it she should “go to hell,” although she hadn’t commented on it. The spokesperson suggested that the female cemetery official who tried to stop them was experiencing a “mental health episode,” and LaCivita, a leading figure in the Swift Boat veterans’ attacks on John Kerry in 2004, reposted an offending video to “trigger” Army officials, he said.
It hasn’t flown. Today, MSNBC’s Dasha Burns asked Trump directly: “Should your campaign have put out those videos and photos?” Trump answered: “Well, we have a lot of people. You know, we have people, TikTok people, you know we’re leading the Internet. That was the other thing. We’re so far above her on the Internet….” Burns interrupted and followed up: “But on that hallowed ground, should they have put out the images…?” Trump said: “Well I don’t know what the rules and regulations are, I don’t know who did it, and, I, it could have been them. It could have been the parents. It could have been somebody….”
Burns interrupted again: “It was your campaign’s TikTok that put out the video.” Trump answered: "I really don't know anything about it. All I do is I stood there and I said, 'If you'd like to have a picture, we can have a picture.' If somebody did it; this was a setup by the people in the administration that, 'Oh, Trump is coming to Arlington, that looks so bad for us.’"
In the days since Biden stepped out of contention, Trump has been flailing—often complaining that it is “unfair” that Biden isn’t his opponent any longer—but his behavior has rocketed downhill since the new grand jury delivered a new indictment revising the four charges against him for trying to overturn the results of the 2020 presidential election and install himself in power. Karen Tumulty wrote in the Washington Post today that Trump is “spiraling,” noting that in the space of 24 hours he posted about Harris engaging in a sex act, promoted QAnon slogans, and called for prison for his political opponents.
Tumulty notes that Trump’s team has been trying to get him to focus on the issues voters care about, but that after he “listlessly delivers some lines from the teleprompter,” he “gets bored and begins recycling the rants from his rallies.” Harris has stayed silent about his behavior, Tumulty says a campaign staffer told her, because “Why would we step in this man’s way?” The Harris campaign wants microphones left on throughout the planned September 10 debate, expecting that Trump will not be able to contain the rants that used to serve his interests but now turn voters off.
To Vance is left the job of trying to clean up after Trump, but he’s not a skilled politician. Asked by John Berman about Trump’s social media attacks, Vance suggested that Trump was bringing “fun” and “jokes” to politics to “lift people up.” But observers on social media noted that claiming that attacks are “jokes” is a key part of asserting dominance.
Cont below
Cont from above
Vance himself went after Harris by saying that he had an early version of Harris’s CNN interview and then posting an old meme of a young Miss Teen USA who appeared to panic when answering a question and produced a nonsensical answer. When Berman told him that the young woman contemplated self-harm after becoming a national joke and asked if he would like to apologize for bringing up that old video, Vance declined to apologize, suggested we should “laugh at ourselves,” and repeated that we should “try to have some fun in politics.”
Vance got into deeper trouble, though, when asked to explain Trump’s statement when he told Dasha Burns that he opposes Florida’s six-week abortion ban. This November, Floridians will have to vote yes or no on a constitutional amendment that would put abortion rights similar to those of Roe v. Wade into the state constitution.
Trump’s opposition to that amendment reflects the political reality that abortion bans are unpopular even in Republican-dominated states, but the MAGA base is fervently antiabortion. “That ‘thump thump’ you just heard is the entire pro-life movement going under the bus,” one wrote.
A campaign spokesperson promptly tried to walk the statement back by saying that Trump “has not yet said how he will vote on the ballot initiative in Florida,” which Vance reiterated on CNN. When Berman pressed him on it, though, Vance appeared to lose the ability to hear the question, suggesting the feed was bad.
This afternoon, Trump announced he will side with the antiabortion activists and vote against the amendment to the Florida constitution that would restore the rights that were in Roe v. Wade. Harris and Walz, meanwhile, have announced a national bus tour to highlight reproductive freedom. It will start in Palm Beach, Florida, where the Trump Organization’s Mar-a-Lago property is located.
Today, lawyers for Ruby Freeman and Shaye Moss, the election workers Trump ally Rudy Giuliani defamed by accusing them of fraud in the 2020 election, asked a federal court to enforce the judgment that awarded them $146 million. They have asked for a court order requiring Giuliani to turn over his properties in New York and Florida, his luxury car, and his personal valuables including three New York Yankees World Series rings. Giuliani’s spokesperson accused the women of bullying Giuliani.
The Lincoln Project, which believes that needling Trump is the best way to rattle him, today released a video that portrays Trump as a predatory animal who is old, past his prime, and abandoned by his pack. Rather than engaging in his final hunt, he has found himself the prey. The voice-over intones: “The circle of life eventually closes on all things.”
—
Notes: https://heathercoxrichardson.substack.com/p/august-30-2024
Vance himself went after Harris by saying that he had an early version of Harris’s CNN interview and then posting an old meme of a young Miss Teen USA who appeared to panic when answering a question and produced a nonsensical answer. When Berman told him that the young woman contemplated self-harm after becoming a national joke and asked if he would like to apologize for bringing up that old video, Vance declined to apologize, suggested we should “laugh at ourselves,” and repeated that we should “try to have some fun in politics.”
Vance got into deeper trouble, though, when asked to explain Trump’s statement when he told Dasha Burns that he opposes Florida’s six-week abortion ban. This November, Floridians will have to vote yes or no on a constitutional amendment that would put abortion rights similar to those of Roe v. Wade into the state constitution.
Trump’s opposition to that amendment reflects the political reality that abortion bans are unpopular even in Republican-dominated states, but the MAGA base is fervently antiabortion. “That ‘thump thump’ you just heard is the entire pro-life movement going under the bus,” one wrote.
A campaign spokesperson promptly tried to walk the statement back by saying that Trump “has not yet said how he will vote on the ballot initiative in Florida,” which Vance reiterated on CNN. When Berman pressed him on it, though, Vance appeared to lose the ability to hear the question, suggesting the feed was bad.
This afternoon, Trump announced he will side with the antiabortion activists and vote against the amendment to the Florida constitution that would restore the rights that were in Roe v. Wade. Harris and Walz, meanwhile, have announced a national bus tour to highlight reproductive freedom. It will start in Palm Beach, Florida, where the Trump Organization’s Mar-a-Lago property is located.
Today, lawyers for Ruby Freeman and Shaye Moss, the election workers Trump ally Rudy Giuliani defamed by accusing them of fraud in the 2020 election, asked a federal court to enforce the judgment that awarded them $146 million. They have asked for a court order requiring Giuliani to turn over his properties in New York and Florida, his luxury car, and his personal valuables including three New York Yankees World Series rings. Giuliani’s spokesperson accused the women of bullying Giuliani.
The Lincoln Project, which believes that needling Trump is the best way to rattle him, today released a video that portrays Trump as a predatory animal who is old, past his prime, and abandoned by his pack. Rather than engaging in his final hunt, he has found himself the prey. The voice-over intones: “The circle of life eventually closes on all things.”
—
Notes: https://heathercoxrichardson.substack.com/p/august-30-2024
The moment I heard the Arlington Cemetery official who was shoved by Trump & Co was a woman, it all made sense, being they have zero respect for women. This was EVIDENCED when Vance reposted an old video of a young Miss Teen USA who contemplated self-harm after becoming a national joke ( likening it to Harris' interview ), and refused to apologize because, well, we should all laugh at ourselves and try to have some fun in politics - at the expense of others, of course.
WTF?!
WTF?!
Ahavati said:The moment I heard the Arlington Cemetery official who was shoved by Trump & Co was a woman, it all made sense, being they have zero respect for women. This was EVIDENCED when Vance reposted an old video of a young Miss Teen USA who contemplated self-harm after becoming a national joke ( likening it to Harris' interview ), and refused to apologize because, well, we should all laugh at ourselves and try to have some fun in politics - at the expense of others, of course.
WTF?!
Bullying is really all they've got.
WTF?!
Bullying is really all they've got.
