Anonymous Tell-Alls in The New York Times Are More a Threat To the Republic than Trump

The New York Times has just taken what it calls the “rare step of publishing an anonymous Op-Ed essay” by a “a senior official in the Trump administration whose identity is known to us.” Why the secrecy and urgency? “We believe publishing this essay anonymously is the only way to deliver an important perspective to our readers.” The author, we’re told, would lose his (her?) job if he/she went public.

Please. An identifiable, high-level person quitting on principle might actually command respect and change some minds. But venting that the president is an idiot and throwing a link to a Times piece on Bob Woodward’s new anti-Trump book, Fear, is hardly a profile in courage. The anonymity of the author will only work to harden Trump loyalists and members of the so-called resistance. So much for transcending partisanship among the shrinking numbers of Americans who call themselves Democrats or Republicans (Gallup’s latest numbers put self-identified independents at 43 percent of the electorate, compared to 28 percent for the GOP and 27 percent for the Democrats).

In a nutshell, the op-ed complains that Donald Trump is “amoral” and “not moored to any discernible first principles that guide his decision making.” Many in the White House, we’re told, are actively working to subvert the president’s agenda on certain issues though weirdly, the op-ed is filled with qualified praise, such as the claim that “many of [the administration’s] policies have already made America safer and more prosperous.” Still, Trump is an idiot, argues the author, who is protected from enacting all of his own policies by the unsung “adults in the room” who have created a “two-track presidency.”

In public and in private, President Trump shows a preference for autocrats and dictators, such as President Vladimir Putin of Russia and North Korea’s leader, Kim Jong-un, and displays little genuine appreciation for the ties that bind us to allied, like-minded nations.

Astute observers have noted, though, that the rest of the administration is operating on another track, one where countries like Russia are called out for meddling and punished accordingly, and where allies around the world are engaged as peers rather than ridiculed as rivals.

“There is a quiet resistance within the administration of people choosing to put country first,” writes the author, wrapping in treacly cliches of patriotism the bald fact that a duly elected president is being undermined by his own staff.

Exactly the same sort of thing, albeit in softer form, could be said about any White House. There are always factions and cross-currents. How many members of George W. Bush’s administration, for instance, really gave a shit about their boss’ desire after re-election to enact immigration and Social Security reform? Zero. The Obama White House was riven by differences over health-care plans and foreign-policy disputes as well. Read any history of the Reagan years and you’ll find that it was amazing that anything ever got done given all the in-fighting. Bill Clinton actually had officials resign over policy differences. It’s patently absurd to elevate frictions within the Trump White House to an existential threat to the Republic. In fact, it’s the sort of overstatement that is worthy of, well, Donald Trump, who just doesn’t do nuance.

Which isn’t to say that the author’s reading of the Trump White House sounds wrong, especially in light of the revelations reportedly contained in Woodward’s book. Among other things, Woodward, whose credibility is hardly above reproach, says that Defense Secretary dismissed Trump’s command to assassinate Syrian leader Bashar al-Assad and instead prepared a “more measured” response involving bombing Syria instead. Woodward asserts that Mattis told colleagues that the “the president acted like — and had the understanding of — a ‘fifth or sixth grader.'” Mattis has denied using such language or whatevering the president, saying, “This is a uniquely Washington brand of literature, and [Woodward’s] anonymous sources do not lend credibility.”

Neither does the Times‘ publishing of an anonymous White House official.

There is no question that Trump was a uniquely unqualified candidate to run for president and he seems to have virtually no expertise in anything other than Twitter trolling. He clearly understands nothing about trade deficits, for instance, and his policies clearly don’t add up to anything particularly coherent (then again, they didn’t on the campaign trail, either). He is not a traditional Republican, but since when is that an impeachable offense? The author genuflects to John McCain, a well-respected public figure but also one whose incoherent and grandiose economic, social, and foreign policy positions were hardly worth emulating, and concludes

Senator John McCain put it best in his farewell letter. All Americans should heed his words and break free of the tribalism trap, with the high aim of uniting through our shared values and love of this great nation.

With all due respect: What the fuck does that even mean?

Few outlets have been more stridently #NeverTrump than The New York Times, a fair stand-in for the legacy media which also has nothing but contempt for Donald Trump and sympathy for Hillary Clinton (it was her time!) and a broad Democratic agenda of more-active government. The anonymous op-ed can only be read through that light and thus discounted.

Despite the hand-waving about breaking “free of the tribalism trap,” this op-ed is clearly in the service of the anti-Trump resistance. The real liberation is to break free both of Trump loyalism and Trump Delusion Syndrome, which both put the president at the white-hot center of every goddamn minute of every goddamn day. As even the anonymous author of the op-ed will grant, good things have come out of the Trump White House. So have many bad things, especially on the immigration and free trade fronts. That doesn’t make Trump uniquely awful, it simply means he’s the current occupant of 1600 Pennsylvania Avenue.

From a libertarian perspective, the best course of action is not to elevate Trump to Satan or to Saturn, but to acknowledge that he is a mixed bag. In this, he’s perhaps more like Bill Clinton than anyone wants to admit. The major successes of the Clinton years—welfare reform, balanced budgets, capital-gains tax cuts, acknowledgment that the “era of Big Government was over”—came not out of one faction winning but the tension among various factions. If there is a problem to be solved, it’s not a president who, like his predecessors, refuses to cut the size, scope, and spending of government. It’s Congress, which has abdicated its constitutional role of actually writing legislation. And it’s government at all levels, which seeks to control and regulate the hell out of social and economic innovation in the name of some imaginary greater good. There are midterms afoot, so it’s easy to understand why people in the dying Republican and Democratic parties are desperate to view everything through partisan lenses. But the rest of us, especially libertarians, are free of such blinders and do well to remember that independence means first and foremost not making everything about politics.

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‘Left’ Befuddled Over “Young Men Of Color” Joining “White-Supremacist Groups”

Authored by Arun Gupta via TheDailyBeast.com,

Patriot Prayer’s leader is half-Japanese. Black and brown faces march with the Proud Boys. Is the future of hate multicultural?

Outfitted in a flak jacket and fighting gloves, Enrique Tarrio was one of dozens of black, Latino, and Asian men who marched alongside white supremacists in Portland on Aug. 4.

Tarrio, who identifies as Afro-Cuban, is president of the Miami chapter of the Proud Boys, who call themselves “Western chauvinists,” and “regularly spout white-nationalist memes and maintain affiliations with known extremists,” according to the Southern Poverty Law Center. Last month, prior to the Patriot Prayer rally he attended in Portland, Tarrio was pictured with other far-right activists making a white-power hand sign. Last year, he and other Proud Boys traveled to Charlottesville, Virginia, for the Unite the Right rally that ended with a neo-Nazi allegedly killing an anti-fascist protester.

Tarrio and other people of color at the far-right rallies claim institutional racism no longer exists in America. In their view, blacks are to blame for any lingering inequality because they are dependent on welfare, lack strong leadership, and believe Democrats who tell them “You’re always going to be broke. You’re not going to make it in society because of institutional racism,” as one mixed-race man put it.

If racism doesn’t exist, I ask Tarrio, how would he explain the disproportionate killing of young black men by police?

“Hip-hop culture,” he says. It “glorifies that lifestyle… of selling drugs, shooting up.”

Because of that, “Obviously you’re going to have higher crime rates. Obviously you’re going to have more police presence and more confrontations.” (Police kill black males aged 15 to 34 at nine times the rate of the general population.)

Elysa Sanchez, who is black and Puerto Rican, attended the “Liberty or Death Rally Against Left-Wing Violence” in Seattle on Aug. 18, joining about 20 militiamen open-carrying handguns and semi-automatic rifles.

Sanchez says, “If black people are committing more murders, more robberies, more thefts, more violent crime, that’s why you would see more black men having encounters with the police.”

Also in Seattle, Franky Price, who said he is  “black and white,”wore a T-shirt reading, “It’s okay to be white.”

They are among nearly a dozen black, Latino, and Asian participants at far-right rallies on the West Coast interviewed by The Daily Beast recently. They represent the new face of the far right that some scholars term “multiracial white supremacy.”

The Proud Boys and Patriot Prayer, which overlap, embrace an America-first nationalism that is less pro-white than it is anti-Muslim, anti-illegal immigrant, and anti-Black Lives Matter.

Daniel Martinez HoSang, associate professor at Yale University, co-author of the forthcoming Producers, Parasites, Patriots: Race and the New Right-Wing Politics of Precarity, says “Multiculturalism has become a norm in society” and has spread from corporations and consumer culture to conservatism and the far-right.

Indeed, Patriot Prayer’s leader is Joey Gibson, who is half-Japanese and claims Dr. Martin Luther King, Jr., as a hero. But his agenda is the opposite of King’s. Gibson’s rallies have attracted neo-Confederates and neo-Nazis.

His right-hand man is Tusitala “Tiny” Toese, a 345-pound Samoan American who calls himself “a brown brother for Donald Trump” and is notorious for brawling. By bringing diversity to what is at heart a white-supremacist movement, people of color give it legitimacy to challenge state power and commit violence against their enemies.

David Neiwert, author of Alt-America: The Rise of the Radical Right in the Age of Trump, says, “The ranks of people of color who show up to these right-wing events are totally dominated by males.” He says the alt-right targets white males between the ages of 15 and 30 with a message of male resentment, which ends up attracting black, Latino, and Asian men as well.

Neiwert says many young men of color in the far-right grew up on conservative traditions common in minority communities. Their journey to the far-right has been enabled by the ease of recruitment in the internet age and the endorsement of extremism by Trump.

Entry points to the far-right include male-dominated video-game culture, the anti-feminist gamergate, troll havens on 4chan and 8chan, and the conspiracism that flourishes on websites like Infowars. Libertarianism is another gateway.

“A lot of these young guys,” Neiwert says, “especially from the software world, who are being sucked into white nationalism, start out being worked up about Ayn Rand in high school.”

Andrew Zhao, 25, a software engineer, says his parents, physicists who emigrated from mainland China, “are Trump fans.” He found out about the Seattle rally from Reddit and Facebook and said, “We need more patriotism. A lot of liberals don’t like America.”

Daniel HoSang says some people of color are drawn to the far-right because they “identify with the military, with nationalism, with patriotism, with conservatism.”

Wearing a Proud Boys hat, David Nopal, 23, came to the Seattle rally alone, like others. Nopal, whose parents crossed illegally from Mexico, said, “I’m very patriotic. The U.S. isn’t perfect, but we are a hell of a lot better than other countries.”

Sanchez comes from a military family.

“They all love America. It’s a big part of the reason I’m a patriot.”

Similarly, Tarrio attributes his anti-socialist politics to his grandfather’s experience in Cuba under Fidel Castro.

They proudly identify as “American” without modifiers. In their America they’ve never experienced racism. They eagerly talk politics, but evidence of their America is scant beyond the internet. Institutional racism has been ended by affirmative action, “black privilege,” and equal protection under the law. Any remaining black inequality is caused by social welfare and liberal policies. In any case, it was Democrats who started the Klan.

People of color within the far-right play a role that “excuses white racism and bears witness to the failure of people of color,” HoSang says, adding that they make “white supremacy a more durable force.”

HoSang said the far-right is trying to broaden its appeal from a whites-only movement in a multiracial America, so it is “laying claim to the ideas of anti-racism, racial uplift, and civil-rights progress.”

HoSang says, “It’s hard for people to wrap their head around how Dr. King and civil-rights language are being used to legitimate positions approaching fascism and violence to restore hierarchy and order. But they are.”

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Xanax Use Among Teens Skyrockets As Benzos Overtake Opioids

Despite overall prescription drug addiction abuse dropping dramatically among adolescents over the past 15 years, addiction treatment centers across the country are seeing a surge in the number of young people hooked on Xanax, according to Pew

addiction practitioners say they’re seeing a surge in the number of young patients who are hooked on Xanax. Many take high daily doses of the drug, sometimes in deadly combination with opioids and alcohol. –Pew

This increase has yet to be reflected in national data, which doesn’t surprise Boston Children’s Hospital head of adolescent addition, Sharon Leavy – who says that addition treatment centers are “the tip of the spear,” and she is “not surprised that the spike in Xanax use isn’t reflected in national data yet.”

Addiction specialists say they’re expecting an “onslaught of teens addicted to Xanax and other sedatives,” according to Pew – one of many anti-anxiety drugs known as benzodiazepines, or “benzos.” 

Adolescent benzo use has skyrocketed,” Levy said, “and more kids are being admitted to hospitals for benzo withdrawal because the seizures are so dangerous.” At the same time, she said, far fewer kids are seeking treatment for prescription opioid addiction.

“When I ask them if they’re using opioids, they say, ‘No. I wouldn’t touch the stuff.’”

Like any addictive substance, Xanax when used early increases the risk of addiction later in life. According to the U.S. Surgeon General’s 2016 report on drugs and alcohol, nearly 70 percent of adolescents who try an illicit drug before age 13 will develop an addiction within seven years, compared with 27 percent for those who first try an illicit drug after age 17. –Pew

Johns Hopkins psychiatrist and professor Marc Fishman says that benzos are rapidly overtaking opioids as the primary prescription drug of abuse among adolescent patients seen at Mountain Manor Treatment Centers in Baltimore and other locations throughout Maryland. Many, he says, are extreme, “high-dose users.” 

Highly addictive

Xanax and other benzos are incredibly addictive, while people with mental illness are at a far greater risk of addiction than the general population, said Fishman. 

And while there are three FDA-approved medications which can treat the symptoms of opioid addiction, “no medicines exist to blunt the withdrawal symptoms and cravings associated with benzodiazepine addiction. Instead, patients typically enter residential treatment where a specialist gradually tapers them off the medication. If stopped too quickly, benzodiazepine withdrawal can result in seizures and even death,” according to Pew

The Xanax Withdrawal Timeline Chart

A cautionary tale

Pew highlights the case of Melissa Ellis, a Baltimore native who was immediately hooked on Xanax from the moment she tried it. 

“I noticed this new guy I was dating kept nodding off so I asked him what he was taking. He told me it was Xanax and gave me a handful of bars [the pill form with the highest dose]. I’d never heard of it before. But as soon as I tried it, I knew it was for me.

It takes away everything you have in your mind that’s bothering you and everything you feel that hurts, and before you know it, those feelings are just gone.”

Melissa was 15 then and just entering high school. Now she’s 24 and struggling to take care of her 3-year-old son. She says she’s determined to beat her addiction to Xanax and be free of all drugs except the depression medicine she’s been taking for more than a decade. Otherwise, she said she could lose her son.

The first time Melissa tried to stop taking Xanax, she was four months pregnant. She managed to get through her pregnancy without relapsing. “But the day after my son was born, I told my friend in the hospital to bring me some. And I started all over again.”

Melissa also started injecting heroin then. “The two drugs are made for each other,” she said. “What one doesn’t have, the other one does. With the dope [heroin], the high doesn’t last as long as Xanax. So, I was more into the Xanax.”

But after she started combining the two, she overdosed, and her mom found her passed out on the floor one day. That’s when she first checked into Mountain Manor.

Melissa detoxed from both drugs, spent two weeks in residential treatment and started taking Suboxone to relieve her opioid cravings. She also attended outpatient classes and stayed sober for a year.

“I got so much closer to my son back then,” she said wistfully. “Everything was better. I was doing so good. But I started hanging out with old friends and I relapsed on Xanax.”

Now, she’s back at Mountain Manor, trying again. She hopes to leave treatment by the end of the week and move into a mother-and-child sober living facility nearby. For now, her mother is taking care of her son.

“It’s really hard,” Melissa says. Withdrawal from Xanax can cause irritability, insomnia, anxiety, panic attacks, tremors, nausea and other flu-like symptoms. And unlike opioid withdrawal, which usually lasts for about a week, it can last for months.

“Treatment is scary all around. It’s fine when you’re here. You can’t go down the street and meet your dealer. The scariest part is when you go back out there.”

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Greece Will Extradite Alleged BTC-E Owner To Russia In Blow To Mueller Probe

Authored by Ana Berman via CoinTelegraph

The Supreme Civil and Criminal Court of Greece has ruled to extradite alleged BTC-e owner Alexander Vinnik to Russia to face several cyber fraud charges, Russian state news agency RIA Novosti reports Tuesday, September 4.

The formal decision on extradition to Russia will be issued September 14, coming into force the same day.

During the actual hearing, the Supreme Court will also consider France’s request on the alleged BTC-e owner’s extradition.

Bitcoin

Courtesy of CoinTelegraph

According to RIA, Vinnik agreed with his extradition to Russia. “[This case] is now up to politicians and their will,” his attorney Timofey Musatov stated.

The U.S., France, and Russia are currently arguing about the location of Vinnik’s extradition. Several Greek courts have previously ruled in favor of all three countries, with the final decision taken by Greek Minister of Justice. As Bloomberg pointed out earlier, the US wants Vinnik because BTC-e allegedly handled bitcoins linked to Fancy Bear, the Russian hacking group, members of which were indicted by Special Counsel Robert Mueller earlier this year.

Vinnik was arrested by Greek police back in July 2017 as the U.S. Department of Justice convicted him of fraud and money laundering around $4 billion worth amount of Bitcoin (BTC).

France later charged Vinnik with “defraud[ing] over 100 people in six French cities between 2016 and 2018.”

In the same time, the Russian government also intervened in the case, asking to extradite the Russian national to his home country. The amount of fraud Vinnik is charged with in Russia is equal to 667,000 rubles (around $9,800), RIA had reported last year.

Days before the final hearing in the Supreme Court, Vinnik’s attorney Makarov accused French prosecutors of trying to question Vinnik without Greek officials’ permission, Cointelegraph reported last week.

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Narendra Modi Goes All Dictator: New at Reason

Cooking up an assassination plot is the oldest trick in the book of populist demagogues to justify a crackdown on dissenters and opponents and Narendra Modiconsolidate power. Plato warned against this precise tactic in the Republic two millennia ago. But that didn’t stop Turkish Prime Minister Yecep Erdogan from resorting to it a few months ago. And now Indian Prime Minister Narendra Modi is following suit — except that he has added a little twist of his own: he is also conjuring a red scare.

Last week, he used both these pretexts to raid the homes of human rights activists around the country, arresting five. Modi’s critics had warned precisely against such moves when he was first elected. Reason Foundation Senior Analyst Shikha Dalmia suggests that they are being proven right. This is terrible news for India’s seven-decade-old liberal democracy.

View this article.

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One Third Of Americans Have Less Than $5,000 Saved For Retirement

Authored by Mac Slavo via SHTFplan.com,

About one in three Americans have currently saved less than $5,000 toward their retirement. That’s a terrifying number considering the instability of the Ponzi social security scheme.

According to Northwestern Mutual’s 2018 Planning & Progress Study, the vast majority of Americans, about 78 percent, say they’re “extremely” or “somewhat” concerned about not having enough money saved up for their retirement. A shocking 21 percent of Americans have literally nothing at all saved for the future, and another 10 percent have less than $5,000 tucked away, the study discovered.

According to CNBC News, overall, Northwestern Mutual found that Americans with retirement savings have an average of $84,821 saved, which is far from enough. Experts typically recommend trying to accumulate at least $1 million for a retirement nest egg. Some Americans are more prepared than others: one in four also report having $200,000 or more stashed away, while 16 percent have between $75,000 and $199,999.

Meanwhile, a new survey from Bankrate finds that 13 percent of Americans are saving less for retirement than they were last year and offers insight into why much of the population is lagging behind. The most popular response survey participants gave for why they didn’t put more away in the past year was a drop, or no change, in income.

Americans, on average, also live above their means and often struggle to just put food on the table.  About 40 percent of Americans cannot buy basic necessities. 

Nearly 51 million U.S. households — or 43 percent — don’t earn enough to cover their monthly bills for housing, food, childcare, health care, transportation and a cell phone, according to a report released by the United Way ALICE Project. That number includes the 16.1 million households living in poverty, along with the 34.7 million families the United Way has dubbed ALICE: Asset Limited, Income Constrained, Employed. Frequently called the “working poor,” the group doesn’t make enough to make it in today’s economy. –Metro

That number will continue to rise as barriers and regulations brought on by the increasing size and scope of the government continues to keep people from improving their own situation.

As nations slide closer to socialism and eventually totalitarianism, only the political elites will have any money at all.  Of course, no one is placing the blame where it belongs: squarely on the government’s shoulders.  All blame is on stagnant wages, which wouldn’t be a problem if the government wasn’t constantly devaluing the fiat money they print out of thin air.

Day-to-day costs continue to soar, and salaries don’t go as far as they once did to cover the necessities, author and executive director of the Economic Hardship Reporting Project Alissa Quart tells CNBC Make It. That makes it more difficult to set aside money for the future.

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Anonymous White House Official Says Trump Doesn’t Care About ‘Free Minds, Free Markets’ or ‘Free People’

|||Sipa USA/NewscomThere’s a high-profile resister lurking in President Trump’s White House.

While Trump has voiced his distaste for anonymous sources in pieces less than favorable to his administration, the New York Times published an op-ed on Wednesday authored by a senior official within the administration. The piece, titled, “I Am Part of the Resistance Inside the Trump Administration,” details the “quiet resistance within the administration of people choosing to put country first.” According to the author, a number of appointees have made promises behind the president’s back to work against him whenever “more misguided impulses” threaten American institutions.

“The president shows little affinity for ideals long espoused by conservatives: free minds, free markets and free people,” the anonymous official claims. “At best, he has invoked these ideals in scripted settings. At worst, he has attacked them outright.” The author calls Trump “anti-trade and anti-democratic.”

The piece is not completely negative, however. The author takes time to praise what they believe to be successes in the administration, which includes deregulation and tax reform. The author also distungishes the resistance within the White House from that of “the left.” The people working aginst Trump while working for him are doing so to ensure the overall success of the administration, the author claims.

The adminstration has not yet released an official response to the op-ed, but reports indicate one may be coming soon.

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Tesla “Lawyering Up in a Major Way” As SEC Pressure Intensifies

The SEC’s formal investigation into Tesla looks to be ramping up, because as FOX Business News reporter Charlie Gasparino reported on Wednesday, Tesla’s board and Elon Musk have both retained counsel with substantial pedigree to defend themselves.

In an on-air segment between Gasparino and Neil Cavuto on Wednesday afternoon, Gasparino reiterated that the SEC investigation into the company was “a very serious probe, based on a lot of reporting” and he seemed to cast aside the potential defense of ignorance or acting without malice when Cavuto alluded to it. Gasparino stated that the SEC is “focusing heavily” on statements that Elon Musk made and whether they were intended to move the stock.

Gasparino states at the end of his segment that the caliber of attorneys retained by Musk and the company indicates to him that they are “lawyering up in a major way, ready to go to battle”.

The full segment can be viewed below. 

This segment came as a follow-up to earlier scoops by Gasparino.

Gasparino also went on to add that the SEC was examining corporate documents with a focus on the company’s Model 3 production targets. Recall, we previously wrote an article detailing a lawsuit that alleged that Elon Musk knew that the company would not be able to meet some Model 3 production targets in 2017.

Gasparino also said that Elon Musk will likely be expected to give testimony toward the end of the SEC probe.

In addition to that, Gasparino also tweeted out during the afternoon that Tesla’s Board of Directors had retained veteran litigator Daniel Kramer. Kramer had not only represented Steve Cohen and SAC Capital during their infamous insider trading case, but also 21st Century Fox during investigations of former network chief Roger Ailes and former talk show host Bill O’Reilly.

Kramer’s online bio notes that he “routinely handles complex litigations for some of the world’s largest companies, represents boards of directors on corporate governance issues and leads special committees in internal investigations.”

His recent cases could be considered a who’s who of corporate wrongdoing:

“ExxonMobil in litigation regarding its reporting of reserves; 21st Century Fox in the Roger Ailes investigation; ADT in litigation challenging its decision to increase debt and buy back stock; Steven Cohen and SAC Capital in insider trading-related criminal, civil and regulatory proceedings and litigations; Time Warner Cable in its merger with Comcast; UBS in the Detroit bankruptcy; Merck in litigations and investigations regarding its drug products Vioxx and Vytorin; Bank of America in the Merrill Lynch merger; AIG in disputes with its former CEO Hank Greenberg; Hollinger in disputes with its former CEO Conrad Black; and board committees of Vanguard, Mutual of Omaha and Fannie Mae.”

Gasparino also reported on Twitter that Elon Musk had retained two white collar “legal heavyweights” for his personal defense team: former assistant SEC Commissioner Roel Campos and Steve Farina of Williams and Conley.

Campos’ resume states:

Roel’s practice consists of advising senior management and boards in their most sensitive and complex issues. His practice often involves conducting internal investigations and defending matters involving financial regulators, such as the SEC, DOJ, CFTC, and FINRA. He also advises boards on items such as cybersecurity, governance, cryptocurrency and proposed rulemakings by financial regulators.

Beginning in 2002, Roel was appointed twice by President George W. Bush and confirmed by the US Senate as a Commissioner of the SEC, serving until 2007. During his tenure, Roel presided over hundreds of complex enforcement cases and rulemakings, involving the full range of federal securities laws.

Prior to being appointed to the SEC, Roel raised venture capital with partners, was a senior executive and operated a radio broadcasting company.

Farina’s bio is equally as impressive, listing him as someone with “extensive experience in the areas of complex civil litigation, class actions, regulatory investigations, professional liability defense, and financial services litigation.”

It continues:

Mr. Farina has defended issuers, underwriters, accounting firms, and corporate officers and directors in securities litigation brought under the 1933 Securities Act and the 1934 Securities Exchange Act.  He also has represented issuers, accounting firms, corporate officers and directors, and other individuals (including lawyers and accountants) in investigations and enforcement actions by the Securities and Exchange Commission, Commodity Futures Trading Commission, and Public Company Accounting Oversight Board.

The details offered up by Gasparino indicate that the SEC investigation may have a broader scope than many had expected, while confirming that it is apparently proceeding with enough veracity for Tesla’s Board of Directors and its CEO to retain seriously high powered counsel.

As much of this case has already played out in the public eye, where many have already made up their mind about the outcome, the onus is on the SEC to now prove to the public how serious they are about governing our capital markets.

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Regulators Want to Know: Are Social Media Companies ‘Intentionally Stifling’ Conservatives?

The Department of Justice (DOJ) announced today that it will look into whether social media platforms are “hurting competition and intentionally stifling the free exchange of ideas.”

DOJ spokesperson Devin O’Malley said in a statement Wednesday that Attorney General Jeff Sessions will meet later this month with various state attorneys general to examine the issue. According to Reuters, the meeting will be held on September 25.

The DOJ’s announcement came the same day that Facebook Chief Operating Officer Sheryl Sandberg and Twitter CEO Jack Dorsey testified before the Senate Intelligence Committee. Both executives answered questions about the steps they’re taking to prevent foreign actors from using social media to disrupt the American democratic process.

It seems the Trump administration is more concerned about Silicon Valley’s alleged censorship of conservative viewpoints than foreign election meddling. In an interview yesterday with The Daily Caller, President Donald Trump claimed the “true interference” in the 2016 election was the fact that “virtually all of those [social media] companies are super liberal companies in favor of Hillary Clinton.”

Conservatives have long accused Twitter and Facebook of censoring their viewpoints. Google has caught some ire, too. Late last month, Trump railed against the internet giant, claiming its liberal bias was evident in the results of a “Trump News” search. Trump even suggested the federal government could regulate Google and other companies accused of censoring conservatives.

So are internet companies really biased against conservatives?

Facebook, Google, and Twitter have all insisted the answer is no. Following his testimony before the Senate, Dorsey faced more questions from the House Energy and Commerce Committee, this time about Twitter’s alleged anti-conservative bias. He again denied it, while also claiming Twitter is trying “to be as transparent as possible.”

It’s impossible to say for certain whether or not internet platforms are censoring conservatives. Regardless, that’s not necessarily a bad thing. As I argued in July, privately run companies have every right to promote viewpoints they like and censor the ones they don’t. But many conservatives can’t seem to grasp this idea:

Conservatives say they’re proponents of free speech and free markets, and while that doesn’t mean they have to like the political biases of the people who run Twitter and Facebook, they should at least respect a private company’s right to promote some views over others. There is nothing stopping right-leaning programmers from creating social media networks that amplify conservative voices at the expense of liberal ones. Some conservatives have done just that, though for many more, it’s much easier to complain about bias and argue the law should force private companies to accommodate them.

Social media companies may indeed be “hurting competition and intentionally stifling the free exchange of ideas.” But that’s their right.

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Bernie Sanders Introduces a New Bill in His Latest Hit Against Amazon

The fight between Sen. Bernie Sanders (I’Vt.) and Amazon has escalated with a new piece of legislation.

Previously, Sanders accused Amazon CEO Jeff Bezos of contributing to the “gap between the very rich and everyone else,” since he’s worth $155 billion while a number of Amazon employees live on taxpayer-funded welfare programs. Because of this, Sanders argues, Bezos is being subsidized by taxpayers.

Today Sanders introduced the Stop Bad Employers by Zeroing Out Subsidies Act, otherwise known as the Stop BEZOS Act. The legislation would require companies with more than 500 employees to fully pay for the government benefits received by any of its workers. Sanders said at a press conference that “the taxpayers of this country would no longer be subsidizing the wealthiest people in this country who are paying their workers inadequate wages.”

In a tweet about the bill, Sanders stressed that he still thinks the government “has a moral responsibility to provide for the vulnerable. But taxpayers should not have to expend huge sums of money subsidizing profitable corporations owned by some of the wealthiest people in the country and the world.”

Amazon has not yet responded to the bill, but last week it issued a press release calling Sanders’ criticisms “misleading and inaccurate.” The company argued that its average hourly wage is $15 an hour plus overtime, paid family leave and other flexible leave options, and “a comprehensive benefit package including health insurance, disability insurance, retirement savings plans, and company stock.” The company also said that the figures Sanders used included people who worked Amazon for a short time and those who chos to work part-time.

This is not time someone has suggested an Amazon tax. This year the Seattle city government passed a job tax that would collect 26 cents for every hour worked by each employee in a company that grossed more $20 million. The tax was scrapped after businesses, citizens, and construction unions working to build a new Amazon office spoke out.

The legislation comes the same day Bezos was in the news cycle for donating $10 million to a pro-veterans PAC, his first major political contribution.

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