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XCR1250

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Posts posted by XCR1250

  1. Kamala Harris pushes the envelope as Biden struggles with some Democrats

    Trevor Hunnicutt
    Reuters
     

    March 29 (Reuters) - Hosting rapper Fat Joe at the White House to talk about reforming marijuana laws. Visiting an abortion clinic. Calling for a ceasefire in Gaza at the historic Selma bridge in Alabama. Walking the bloodstained crime scene of the Parkland, Florida, school shooting.

    U.S. Vice President Kamala Harris has stepped out of the shadow of President Joe Biden in recent weeks as part of a high-profile effort to persuade the fractious coalition of voters who sent them to the White House to give them a second term.

     
     

    Harris' evolving role comes as progressive Democrats target Biden over his pro-Israel stance, polls show him in a tight race against Republican rival Donald Trump.

    As left-leaning voters question Biden's age and leadership, a problem Trump doesn't face with his core voters, the 59-year-old Harris is taking on more heated topics, more often and more directly than Biden. While some have knocked Harris's performance as vice president and value to the reelection campaign in the past, she's moved into a starring role.

    Biden has defended abortion rights but emphasized women whose lives are in danger, and called it a "deeply private and painful" matter.

     

    Harris has gone further - during a visit to Planned Parenthood in Minneapolis, believed to be the first time a sitting vice president has visited an abortion clinic, the former senator described abortion as a basic part of women's healthcare in vivid terms.

    "Everyone get ready for the language: uterus," she said. "Issues like fibroids — we can handle this — breast cancer screenings, contraceptive care — that is the kind of work that happens here, in addition, of course, to abortion care."

    In Selma, she delivered the strongest comments at that point by any U.S. official on Israel's offensive against Hamas: "Given the immense scale of suffering in Gaza, there must be an immediate ceasefire."

    Her use of the word "ceasefire," a term left-leaning Democrats were so eager to hear that it had become a rallying cry, was cheered by some, although others demanded it be met with policy changes, too. Harris also pushed Israel to do more to ease what she called a "humanitarian catastrophe" in Gaza.

    "There is no doubt the vice-president has tried to move the conversation about Gaza to a more empathetic place but introducing new language falls flat when there is no evidence she's pushing for a more meaningful policy shift," said Abbas Alawieh, a top official for a campaign urging voters to protest Biden by voting "uncommitted" in the Democratic primaries.

    "She needs to push Biden harder to change U.S. policy," he said.

    Current and former Harris aides disputed the idea of any difference in policy between Biden, characterizing their efforts as a difference in tone and emphasis. They said Harris' initiatives are a reflection of areas of interest that, in some cases, date back to her time as a prosecutor.

    "She's been on the leading edge of some of the most important issues facing the country, and certainly [those] that are going to be determinative of the election," said Dave Cavell, a former Harris speechwriter.

    Biden cannot emphasize divisive cultural issues without alienating more conservative voters he needs to win, current and former aides said. As the Democrats' "coalition leader" he needs to focus on the core economic issues that will sway centrists, they said.

    To that end, he has used 11 of his 16 trips this year to competitive election states like Wisconsin, Michigan and Pennsylvania to promote "kitchen table" economic policies like bringing back manufacturing jobs shipped overseas and supporting unions.

    Harris, the first Black, Asian and woman vice president, instead, is embracing a pugilistic role, with a "Fight for Reproductive Freedoms" tour and a "Fight for Our Freedoms" college tour, in addition to talking about the economy.

    Another challenge for Harris

    Biden has assigned Harris a number of seemingly intractable issues during her vice presidency, from the decades-old problem of migration to the U.S. southern border to pushing back on a generations-old pattern of limiting voting rights for left-leaning Americans.

    Winning back parts of the Democratic coalition that has fractured over Israel policy, immigration and the economy is another big challenge.

    Harris's approval ratings hover under 40%, but she is also the U.S.'s most popular Democratic politician after Biden. Some White House aides have privately questioned her effectiveness as an administration spokesperson.

    Reuters/Ipsos polling that shows Biden and Trump tied nationally also reveals a majority of women, people under 40 and Latinos disapprove of Biden's performance as president. Each group favored Biden in 2020, helping him beat Trump.

    Only 56% of Black people approved of Biden's job performance, low figures for a group that typically votes 9-to-1 for Democrats in presidential elections.

    If Trump wins white voters, the largest U.S. racial group, for the third election in a row, Biden needs a dominant showing among a diverse set of groups that typically favor Democrats.

    There are some signs that Harris is in for a tough fight.

    On a trip to San Juan last week also aimed at courting the 5.9 million Puerto Rican Latinos who live in the mainland United States, Harris' arrival at a community center to celebrate the Caribbean island's culture was shouted down by demonstrators.

    Some chanted "Yankee, go home" and held signs calling Harris a "war criminal" for the Biden administration's support of Israel in response to Hamas' Oct. 7 attack, despite a mounting Gaza death toll. Such protests have occurred at multiple Harris events.

    She has an increasingly vocal fan in Biden, though, who once wrestled with the decision of whether to make her his running mate in 2020. Harris has worked carefully to make sure that she doesn't appear out of sync with her boss, describing Biden and her on March 4 as "aligned and consistent from the very beginning" on Gaza.

  2. The Expanse (2015)

    A police detective in the asteroid belt, the first officer of an interplanetary ice freighter and an earth-bound United Nations executive slowly discover a vast conspiracy that threatens the Earth's rebellious colony on the asteroid belt.

    Cast: Thomas Jane, Steven Strait, Cas Anvar, Dominique Tipper, Wes Chatham, Florence Faivre, Shohreh Aghdashloo, Frankie Adams, Shawn Doyle, Nick E. Tarabay, Chad L. Coleman, Andrew Rotilio, Elias Toufexis, Athena Karkanis, Paulo Costanzo, Drew Carrymore

     
     
  3. Business Insider:

    Donald Trump is now richer than George Soros — and on track to overtake Mark Cuban

    Theron Mohamed

     

    Donald Trump's net worth has jumped $4 billion this year to $7.2 billion, per Bloomberg's rich list.

    The former president is richer than George Soros and set to surpass Mark Cuban and George Lucas.

    Trump will welcome the wealth gain as he prepares to hand over a $175 million bond.

    Donald Trump is now richer than George Soros — and is set to overtake Mark Cuban too.

    The former president's net worth has soared by more than $4 billion this year to an estimated $7.2 billion, per the Bloomberg Billionaires Index.

    Trump ranked 377th on the rich list at Tuesday's market close, above the likes of Netflix cofounder Reed Hastings ($6 billion), oil-dynasty heir Gordon Getty ($6.2 billion), and Home Depot cofounder Bernie Marcus ($6.9 billion).

    The real estate tycoon's wealth has soared thanks to his 78.75 million shares, or at least 58% stake, in Trump Media & Technology Group, which merged with Digital World Acquisition Corp. on Monday and began trading under the ticker DJT on Tuesday.

    TGMT stock ended the day up 16%, valuing Trump's stake at $4.6 billion. It leaped another 16% to $67 in premarket trading on Wednesday. If that gain holds, Trump's position will be worth about $5.3 billion, lifting his overall wealth to about $7.9 billion.

    A net worth of that magnitude would rank him above not just Soros ($7.2 billion) and Cuban ($7.3 billion) on the Bloomberg list, but also venture capitalist John Doerr ($7.4 billion), fashion heiress Miuccia Prada ($7.4 billion), and Lululemon founder Chip Wilson ($7.5 billion).

     

    Trump would also be nipping at the heels of New England Patriots owner Robert Kraft, Russian oil magnate Roman Abramovich, and Star Wars creator George Lucas, each of whom was worth under $8.3 billion at Tuesday's close.

    The presumptive GOP presidential nominee will surely be thrilled by his soaring net worth. He's been scrambling to find the money to cover a recent $454 million judgment against him in a New York fraud case.

    Trump has appealed the ruling, but still has to secure a $175 million bond in the next few days, as an assurance to the court that he'll pay the full amount if he loses his appeal.

    TMTG, Truth Social's parent company, officially has a "lock up" period that bars its bosses from selling shares for the next six months. But its board, which includes Donald Trump Jr., has the power to waive or reduce the waiting time before Trump can cash out.

    Whatever happens, it's striking to see Trump shooting up the billionaire rankings just when he seemed to be in serious financial trouble.

    Read the original article on Business Insider

    • Like 1
  4. Trump Media stock surges on day 2 of market debut

     
    ALEXANDRA CANAL
    March 27, 2024 at 11:32 AM
     

    Trump Media & Technology Group (DJT) soared as much as 14% on Wednesday in its second day of trading on the Nasdaq (^IXIC).

    The parent company of Donald Trump's social media platform Truth Social climbed 16% in its first official trading day on Tuesday. It went public after merging with special purpose acquisition vehicle Digital World Acquisition Corp. in a deal approved by shareholders last week.

    DJT's strong debut comes amid a meme stock resurgence as some trades viewed as lacking fundamentals have seen eye-popping returns.

    According to an SEC filing from DWAC, Trump Media lost $49 million in the first nine months of last year and brought in $3.4 million in revenue. At current levels, its market cap now sits around $8 billion.

    Other meme-friendly names like Reddit (RDDT) and GameStop (GME) have also seen massive run-ups in recent days while riskier assets like bitcoin (BTC-USD) and commodities have soared since the start of the year.

    Some names are coming back down to earth. Reddit and GameStop were down about 13% and 16%, respectively, in Wednesday's trade.

    Short interest in DJT stock — bets that the stock price will fall rather than rise — is about 11% of outstanding shares, according to the latest data from S3 Partners. Average short interest in public companies sits in the 3% to 4% range.

     
    Trump Media stock soared on the second day of its market debut. (AP/Paul Sancya, Archivo)
     
    Trump Media stock soared on the second day of its market debut. (ASSOCIATED PRESS)

    The former president founded Truth Social after he was kicked off major social media apps like Facebook and Twitter, the platform now known as X, following the Jan. 6 Capitol riots in 2021. Trump has since been reinstated on the platforms.

    Trump will maintain a roughly 60% stake in Truth Social, a stake currently worth roughly $4 billion. The merger's completion also comes as the former president faces a $454 million fraud penalty and grapples with a campaign fundraising shortfall as he gears up for a 2024 election rematch against President Biden.

    But Trump will have to wait before cashing in his shares.

    According to the terms of the merger, stakeholders are subject to a six-month lockup period before selling or transferring shares. The only exception would be if the company's board votes to make a special dispensation.

     

     

     
     
     
     
     
     
     
  5.  
     

     

     
     
     
     
     
     
     
    QBS_a-fk_bigger.jpg
     
    In yet another massive L for 'green' energy boondoggles, a massive swathe of solar panels in Damon, Texas were taken out by a hail storm And not only were the expensive panels rendered useless by the weather, but now they're leaking a toxic compound, cadmium telluride, into the water So not only do Texans get intermittent energy instead of constant energy, not only do they waste thousands of acres of land with solar farms, but now the pointless panels are leaking into the groundwater Nuclear energy and natural gas are the answer. They're cheap, clean, reliable, and won't be shattered by a bit of hail. The other "green" energy is an expensive boondoggle that destroys the natural environment
     
     
     
     
     
     
     
     
     
     
     
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    • Haha 1
  6. ABC News

    Trump's Truth Social company completes merger that could net him over $3 billion

    AARON KATERSKY, LUCIEN BRUGGEMAN and PETER CHARALAMBOUS
    Sun, March 24, 2024 at 9:51 AM CDT·3 min read
    •  
       
    •  
     
     

    Donald Trump's social media company Truth Social completed a merger Friday morning that could net the former president over $3 billion.

    Shareholders of Digital World Acquisition Corporation -- a special purpose acquisition company -- approved a merger with Trump Media & Technology Group (TMTG), which owns Truth Social.

    The company can begin trading as a public company, with the stock symbol DJT on Nasdaq, as early as next week.

    MORE: New York AG takes 1st step toward possibly seizing Trump's assets as part of $464M fraud judgment

    Shares in DWAC currently stand around $40 per share.

    "We are immensely grateful to our stockholders and our working group for their continued trust and support. This vote underscores their confidence in the merger with TMTG and the path we have set for the future. With many of our headwinds behind us, we look forward to working with TMTG and our dedicated team to close this merger," said Eric Swider, CEO of Digital World.

    With Trump owning 58.1% of the common stock in the company, the former president stands to make over $3 billion from the deal depending on how the stock ultimately trades. Experts say it represents a staggering valuation for a social media company that ranks below major competitors like Facebook, X and TikTok.

    "This accomplishment shows the unshakeable commitment of Digital World, its investors, and the entire Truth Social workforce to creating a movement to defend free expression on the Internet. As we transition into a public company, we look forward to greatly enhancing and expanding Truth Social and providing Americans with an enduring safe harbor from Big Tech's stifling censorship and suppression," TMTG CEO Devin Nunes said in a statement.

    However, the deal currently includes a lockout provision that prevents Trump from immediately selling or getting loans based on his shares -- potentially limiting Trump's ability to use the windfall as collateral for a bond in his $464 million civil fraud judgment.

    PHOTO: Former President Donald Trump speaks after voting in the Florida primary election in Palm Beach, FL, March 19, 2024.  (Wilfredo Lee/AP)
     
    PHOTO: Former President Donald Trump speaks after voting in the Florida primary election in Palm Beach, FL, March 19, 2024. (Wilfredo Lee/AP)

    Trump faces a Monday deadline to secure a financial guarantee to cover the judgment, after a New York judge in February ordered him to pay $464 million in disgorgement and pre-judgment interest when he found the former president and his adult sons liable for using "numerous acts of fraud and misrepresentation" to inflate his net worth in order to get more favorable loan terms.

    Trump has denied all wrongdoing and has appealed the decision in the case.

    Securities and Exchange Commission filings associated with the merger of Digital World Acquisition Corporation and Trump Media & Technology Group offer a picture of a cash-strapped company that has struggled to reach profitability.

    In the first nine months of 2023, Trump Media brought in less than $3.4 million in revenue while losing $49 million, according to the filings. The company's filings suggest the company lacks data for measuring the success of its social media platform, faces increased operating risks and is inextricably tied to the former president.

    Trump Media expects to continue operating at a loss "for the foreseeable future," and leadership acknowledges that new social media platforms have a high rate of failure, according to the filing.

    The company would likely suffer if Trump "were to cease to be able to devote substantial time to Truth Social," according to the filing.

    Trump's Truth Social company completes merger that could net him over $3 billion   abcnews.go.com

  7. 2 minutes ago, Steve753 said:

    What does it matter? Most politicians are lawyers. You despise democrats yet are ok with Republicans.  See how stupid your point is.

    No I don't despise them, my dad was a dem, so was I for years.

  8. TECH MONEY

    Donald Trump could get a $3 billion boost from Truth Social's shell-company merger

    The cash infusion could come at a time when the former president really needs the money

    Published4 hours agoUpdated3 hours ago
     
     
     
     
     

    The backside of Donald Trump

     

    The backside of Donald Trump Photo: Scott Olson (Getty Images)

    Shareholders of the shell company that plans to acquire Donald Trump’s Truth Social have approved the takeover of the social media firm, which could mean a multi-billion dollar windfall for the former president as he tries to return to the White House.

     

    Digital World Acquisition Corp (DWAC) is what’s known as a special purpose acquisition company, or SPAC. Since going public in 2021, its special purpose has remained the eventual acquisition of Truth Social, which got its start after Trump got kicked off other social media platforms following his posts surrounding the Jan. 6, 2021 attack on the Capitol. (Those sites have restored his access, though he still prefers to use his own.)

    When the deal is complete, Trump would own about 60% of a post-SPAC Truth Social.

     

    Based on DWAC’s $40 share price, his stake would be worth more than $3 billion as soon as next week, The New York Times reports. It’s not clear that investors are actually interested in the business of Truth Social itself, since the company is not doing well and needs the $300 million it will get from the SPAC merger. Still, DWAC’s shares have become a lot more valuable this year, especially after Florida Gov. Ron DeSantis, one of Trump’s top challengers for the 2024 Republican presidential nomination, dropped out of the race.

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