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Merry Christmas. At Christmas I always think of this song.
Thank you.
WTF to be Thankful For: An Interview with Susie Essman
Nov 26
For 12 seasons, she made the world laugh as Susie Greene on “Curb Your Enthusiasm.” Now, in a questionable career move, Susie Essman is making her debut on TBR podcast. And she’s as hilarious as ever.
My podcast is usually just for paid subscribers, but as a special Thanksgiving present I’m making this episode free for everyone.
https://www.borowitzreport.com/p/wtf-to-be-thankful-for-an-interview?
'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis
Hugh Son, CNBC
Fri, November 22, 2024 at 5:35 PM EST 8 min read
6.4k
For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.
When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they thought of as a safe place — an account at the savings startup Yotta held at a real bank.
Morris, like thousands of other customers, was snared in the collapse of a behind-the-scenes fintech firm called Synapse and has been locked out of her account for six months as of November. She held out hope that her money was still secure. Then she learned how much Evolve Bank & Trust, the lender where her funds were supposed to be held, was prepared to return to her.
“We were informed last Monday that Evolve was only going to pay us $500 out of that $280,000,” Morris said during a court hearing last week, her voice wavering. “It’s just devastating.”
The crisis started in May when a dispute between Synapse and Evolve Bank over customer balances boiled over and the fintech middleman turned off access to a key system used to process transactions. Synapse helped fintech startups like Yotta and Juno, which are not banks, offer checking accounts and debit cards by hooking them up with small lenders like Evolve.
In the immediate aftermath of Synapse’s bankruptcy, which happened after an exodus of its fintech clients, a court-appointed trustee found that up to $96 million of customer funds was missing.
The mystery of where those funds are hasn’t been solved, despite six months of court-mediated efforts between the four banks involved. That’s mostly because the estate of Andreessen Horowitz-backed Synapse doesn’t have the money to hire an outside firm to perform a full reconciliation of its ledgers, according to Jelena McWilliams, the bankruptcy trustee.
But what is now clear is that regular Americans like Morris are bearing the brunt of that shortfall and will receive little or nothing from savings accounts that they believed were backed by the full faith and credit of the U.S. government.
The losses demonstrate the risks of a system where customers didn’t have direct relationships with banks, instead relying on startups to keep track of their funds, who offloaded that responsibility onto middlemen like Synapse.
‘Reverse bank robbery’
There are thousands of others like Morris. While there’s not yet a full tally of those left shortchanged, at Yotta alone, 13,725 customers say they are being offered a combined $11.8 million despite putting in $64.9 million in deposits, according to figures shared by Yotta co-founder and CEO Adam Moelis.
CNBC spoke to a dozen customers caught in this predicament, people who are owed sums ranging from $7,000 to well over $200,000.
From FedEx drivers to small business owners, teachers to dentists, they described the loss of years of savings after turning to fintechs like Yotta for the higher interest rates on offer, for innovative features or because they were turned away from traditional banks.
Zach Jacobs, 37, of Tampa, Fla., helped form a group called Fight For Our Funds after losing more than $94,000 that he had in a fintech savings account called Yotta. (Courtesy Zach Jacobs)
Zach Jacobs, 37, of Tampa, Fla., helped form a group called Fight For Our Funds after losing more than $94,000 that he had in a fintech savings account called Yotta.
One Yotta customer, Zach Jacobs, logged onto Evolve’s website on Nov. 4 to find he was getting back just $128.68 of the $94,468.92 he had deposited — and he decided to act.
The 37-year-old Tampa, Florida-based business owner began organizing with other victims online, creating a board of volunteers for a group called Fight For Our Funds. It’s his hope that they gain attention from press and politicians.
So far, 3,454 people have signed on, saying they’ve lost a combined $30.4 million.
“When you tell people about this, it’s like, ‘There’s no way this can happen,’” Jacobs said. “A bank just robbed us. This is the first reverse bank robbery in the history of America.”
Zach Jacobs decided to act after logging onto Evolve’s website on Nov. 4 to find he was getting just $128.68 of his $94,468.92 in deposits. (Courtesy Zach Jacobs)
Zach Jacobs decided to act after logging onto Evolve’s website on Nov. 4 to find he was getting just $128.68 of his $94,468.92 in deposits.
Andrew Meloan, a chemical engineer from Chicago, said he had hoped to see the return of $200,000 he’d deposited with Yotta. Early this month, he received an unexpected PayPal remittance from Evolve for $5.
“When I signed up, they gave me an Evolve routing and account number,” Meloan said. “Now they’re saying they only have $5 of my money, and the rest is someplace else. I feel like I’ve been conned.”
Cracks in the system
Unlike meme stocks or crypto bets, in which the user naturally assumes some risk, most customers viewed funds held in Federal Deposit Insurance Corp.-backed accounts as the safest place to keep their money. People relied on accounts powered by Synapse for everyday expenses like buying groceries and paying rent, or for saving for major life events like home purchases or surgeries.
Several people CNBC interviewed said signing up seemed like a good bet since Yotta and other fintechs advertised that deposits were FDIC-insured through Evolve.
“We were assured that this was just a savings account,” Morris said during last week’s hearing. “We are not risk-takers, we’re not gamblers.”
A Synapse contract that customers received after signing up for checking accounts stated that user money was insured by the FDIC for up to $250,000, according to a version seen by CNBC.
“According to the FDIC, no depositor has ever lost a penny of FDIC-insured funds,” the 26 page contract states.
‘We are responsible’
Abandoned by U.S. regulators who have so far declined to act, they are left with few clear options to recoup their money.
In June, the FDIC made it clear that its insurance fund doesn’t cover the failure of nonbanks like Synapse, and that in the event of such a firm’s failure, recovering funds through the courts wasn’t guaranteed.
The next month, the Federal Reserve said that as Evolve’s primary federal regulator it would monitor the bank’s progress “in returning all customer funds” to users.
“We are responsible for working to ensure that the bank operates in a safe and sound manner and complies with applicable laws, including laws protecting consumers,” Fed general counsel Mark E. Van Der Weide said in a letter.
In September, the FDIC proposed a new rule that would force banks to keep detailed records for customers of fintech apps, improving the chances that they qualify for coverage in a future calamity and cutting the risk that funds would go missing.
Jelena McWilliams (Patrick T. Fallon / AFP via Getty Images file)
Jelena McWilliams, former Chairman of the Federal Deposit Insurance Corporation, speaks at the Milken Institute Global Conference on May 2, 2023.
McWilliams, herself a former FDIC chair during the first Trump presidency, told the California judge handling the Synapse bankruptcy case last week she was “disheartened” that every financial regulator has decided not to help.
The FDIC and Fed declined to comment for this story, and McWilliams didn’t respond to emails.
Winners and losers
Things hadn’t always seemed so dire. Early in the proceedings, McWilliams suggested to Judge Martin Barash that customers be given a partial payment, essentially spreading the pain among everyone.
But that would’ve required more coordination between Evolve and the other lenders that held customer funds than what ultimately happened.
As the hearings dragged on, the three other institutions, AMG National Trust, Lineage Bank and American Bank, began disbursing the funds they had, while Evolve took months to perform what it initially said would be a comprehensive reconciliation.
Around the time Evolve completed its efforts in October, it said it could only figure out the user funds it held, not the location of the missing funds. That’s at least partly because of “very large bulk transfers” of funds without identification of who owned the money, a lawyer for Evolve testified last week.
As a result, the bankruptcy process has minted relative winners and losers.
Some end users recently received all their funds back, while others, like Indiana FedEx driver Natasha Craft, received none, she told CNBC.
Natasha Craft, a 25-year-old FedEx driver from Mishawaka, Ind. She has been locked out of her Yotta banking account since May 11. (Courtesy Natasha Craft)
Natasha Craft, a 25-year-old FedEx driver from Mishawaka, Ind. She has been locked out of her Yotta banking account since May 11.
‘Nothing optimistic’
Evolve says that “the vast majority” of funds held for Yotta and other customers were moved to other banks in October and November of 2023 on directions from Synapse, according to an Evolve spokesman.
“Where those end user funds went after that is an important question, but unfortunately not one Evolve can answer with the data it currently has,” the spokesman said.
Yotta says that Evolve has given fintech firms and the trustee no information about how it determined payouts, “despite acknowledging in court that a shortfall existed at Evolve prior to October 2023,” according to a spokesman for the startup, who noted that several executives have recently left the bank. “We hope regulators take notice and act.”
In statements released ahead of this month’s hearing, Evolve said that other banks refused to participate in its efforts to create a master ledger, while AMG and Lineage said that Evolve’s implication that they had the missing funds was “irresponsible and disingenuous.”
As the banks and other parties hurl accusations at each other and lawsuits pile up, including pending class-action efforts, the window for cooperation is rapidly closing, Barash said last week.
“As time goes by, my impression is that unless the banks that are involved can sort this out voluntarily, it may not get sorted out,” Barash said. “There’s nothing optimistic about what I’m telling you.”
This article was originally published on NBCNews.com
https://finance.yahoo.com/news/no-money-thousands-americans-see-223556135.html?soc_src=social-sh&soc_trk=ma
An investor says he put 98% of his retirement funds in Trump Media stock and won’t bail because Trump has a ‘secret’ plan
https://finance.yahoo.com/news/investor-says-put-98-retirement-100700856.html?soc_src=social-sh&soc_trk=ma
Trump-supporting retirees have gone all-in on investing in Trump Media, even as the stock has proven to be volatile.
One user, who only goes by @DTLjohnny, said on Trump Media-owned Truth Social he sunk 98% of his total retirement into the stock. As of September, he estimated he had lost 60% of his investment. Nevertheless, he seemed confident in the company’s ability to right its sails.
"But I knew this day would come when the Deep State crooks would become so desperate that they would shove all-in with their counterfeit shares. Everybody can see what they’re doing. And I believe this is part of the plan of full exposure,” the user wrote in September. “And there ain’t no way Trump’s letting them bankrupt his company! Have faith. He and [Trump Media CEO Devin Nunes] have a plan. But it’s a plan that they have to keep secret…for now.”
He likely recouped a big chunk of his losses. Shares soared more than 300% from a late-September low to late-October high but have since retreated about 40%.
Another investor expressed concern about the stock. John Viaud, a South Carolina retiree, said his “entire pension is in jeopardy” after losing $600,000 on investments in Trump Media.
“If we don’t see a green day tomorrow I may need to bail,” he said in a Truth Social post in September......
So You’re Thinking of Leaving X for Bluesky. How Does It Work?
The apps look and feel similar. Here is how to use Bluesky and what you might miss from X.
https://www.nytimes.com/2024/11/21/technology/bluesky-social-media.html?unlocked_article_code=1.c04.Idl8.oSssvwgJWmH9&smid=url-share
Paywall removed.
Cathie Wood sells $5 million of 2 surging tech stocks
Wood's firm makes a move on two of the biggest names in the tech sector.
Rob LenihanNov 25, 2024 7:17 PM EST
https://www.thestreet.com/investing/stocks/cathie-wood-sells-5-million-of-2-surging-tech-stocks
So, who is she?
💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸
Born in Los Angeles, Wood attended the University of Southern California, where she was mentored by the renowned economist Arthur Laffer, adviser to Presidents Ronald Reagan and Donald Trump.
Laffer got Wood a job as an assistant economist at Capital Group in 1977.
Thanks again for the article and I finally got around to reading it.
I think the issue is what has changed since 9/11 and how we reacted in its aftermath. Do I think I gave up some rights protected by the Bill of Rights for enhanced security? Perhaps. But I don't think anything has really changed over all. None of the amendments cited as far as I'm concerned have been infringed upon.
As a liberal who would be the first to question my Bill of Rights being under attack I don't have a problem in the work insuring the safety of me and my family.
What I am concerned about is people trying to take away my right to vote. Until recently I never needed a photo ID to vote and now I do. I have been voting for 54 years. WTF has changed that I need to prove who I am?
Thanks and welcome. I'll have to print that off and get back to you.
John Whitehead's Commentary:
Overthrowing the Constitution: All Sides Are Waging War on Our Freedoms.
“We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.” ~ Abraham Lincoln
It is both apt and ironic that the anniversary of 9/11, which paved the way for the government to overthrow the Constitution, occurs the week before the anniversary of the day the U.S. Constitution was adopted on September 17, 1787.
All sides are still waging war on our constitutional freedoms, and “we the people” remain the biggest losers.
This year’s presidential election is no exception.
As Bruce Fein, the former associate deputy attorney general under President Ronald Reagan, warns in a recent article in the Baltimore Sun, “In November, the American people will have a choice between Harris-Walz and Trump-Vance. But they will not have a choice between an Empire and a Republic.”
In other words, the candidates on this year’s ballot do not represent a substantive choice between freedom and tyranny so much as they constitute a cosmetic choice: the packaging may vary widely, but the contents remain the same.
No matter who wins, the bureaucratic minions of the Security/Military Industrial Complex and its Police State/Deep State partners will retain their stranglehold on power.
Neither Donald Trump nor Kamala Harris have the greatest of track records when it comes to actually respecting the rights enshrined in the Constitution, despite the rhetoric being trotted out by both sides lately regarding their so-called devotion to the rule of law.
Indeed, Trump has repeatedly called for parts of the Constitution to be terminated, while both Harris and Trump seem to view the First Amendment’s assurance of the right to free speech, political expression and protest as dangerous when used to challenge the government’s power.
This flies in the face of everything America’s founders fought to safeguard.
Those who gave us the Constitution and the Bill of Rights believed that the government exists at the behest of its citizens. It is there to protect, defend and even enhance our freedoms, not violate them.
Unfortunately, although the Bill of Rights was adopted as a means of protecting the people against government tyranny, in America today, the government does whatever it wants, freedom be damned.
In the 23 years since the USA Patriot Act — a massive 342-page wish list of expanded powers for the FBI and CIA — was rammed through Congress in the wake of the so-called 9/11 terror attacks, it has snowballed into the eradication of every vital safeguard against government overreach, corruption and abuse.
The Patriot Act drove a stake through the heart of the Bill of Rights, violating at least six of the ten original amendments — the First, Fourth, Fifth, Sixth, Seventh and Eighth Amendments — and possibly the Thirteenth and Fourteenth Amendments, as well.
The Patriot Act also redefined terrorism so broadly that many non-terrorist political activities such as protest marches, demonstrations and civil disobedience are now considered potential terrorist acts, thereby rendering anyone desiring to engage in protected First Amendment expressive activities as suspects of the surveillance state.
The Patriot Act justified broader domestic surveillance, the logic being that if government agents knew more about each American, they could distinguish the terrorists from law-abiding citizens — no doubt a reflexive impulse shared by small-town police and federal agents alike.
This, according to Washington Post reporter Robert O’Harrow, Jr., was a fantasy that “had been brewing in the law enforcement world for a long time.” And 9/11 provided the government with the perfect excuse for conducting far-reaching surveillance and collecting mountains of information on even the most law-abiding citizen.
Federal agents and police officers are now authorized to conduct covert black bag “sneak-and-peak” searches of homes and offices while you are away and confiscate your personal property without first notifying you of their intent or their presence.
The law also granted the FBI the right to come to your place of employment, demand your personal records and question your supervisors and fellow employees, all without notifying you; allowed the government access to your medical records, school records and practically every personal record about you; and allowed the government to secretly demand to see records of books or magazines you’ve checked out in any public library and Internet sites you’ve visited (at least 545 libraries received such demands in the first year following passage of the Patriot Act).
In the name of fighting terrorism, government officials are now permitted to monitor religious and political institutions with no suspicion of criminal wrongdoing; prosecute librarians or keepers of any other records if they tell anyone that the government has subpoenaed information related to a terror investigation; monitor conversations between attorneys and clients; search and seize Americans’ papers and effects without showing probable cause; and jail Americans indefinitely without a trial, among other things.
The federal government has also made liberal use of its post-9/11 powers, especially through the use (and abuse) of the nefarious national security letters, which allow the FBI to demand personal customer records from Internet Service Providers, financial institutions and credit companies at the mere say-so of the government agent in charge of a local FBI office and without prior court approval.
In fact, since 9/11, we’ve been spied on by surveillance cameras, eavesdropped on by government agents, had our belongings searched, our phones tapped, our mail opened, our email monitored, our opinions questioned, our purchases scrutinized (under the USA Patriot Act, banks are required to analyze your transactions for any patterns that raise suspicion and to see if you are connected to any objectionable people), and our activities watched.
We’re also being subjected to invasive pat-downs and whole-body scans of our persons and seizures of our electronic devices in the nation’s airports. We can’t even purchase certain cold medicines at the pharmacy anymore without it being reported to the government and our names being placed on a watch list.
In this way, “we the people” continue to be terrorized, traumatized, and tricked into a semi-permanent state of compliance by a government that cares nothing for our lives or our liberties.
The bogeyman’s names and faces have changed over time (terrorism, the war on drugs, illegal immigration, a viral pandemic, and more to come), but the end result remains the same: in the so-called name of national security, the Constitution has been steadily chipped away at, undermined, eroded, whittled down, and generally discarded with the support of Congress, the White House, and the courts.
A recitation of the Bill of Rights — set against a backdrop of government surveillance, militarized police, SWAT team raids, asset forfeiture, eminent domain, over-criminalization, armed surveillance drones, whole body scanners, stop and frisk searches, vaccine mandates, lockdowns, and the like (all sanctioned by Congress, the White House, and the courts) — would understandably sound more like a eulogy to freedoms lost than an affirmation of rights we truly possess.
What we are left with today is but a shadow of the robust document adopted more than two centuries ago. Sadly, most of the damage has been inflicted upon the Bill of Rights.
Here is what it means to live in a permanent state of crisis with our freedoms locked down:
The First Amendment is supposed to protect the freedom to speak your mind, assemble and protest nonviolently without being bridled by the government. It also protects the freedom of the media, as well as the right to worship and pray without interference. In other words, Americans should not be silenced by the government. To the founders, all of America was a free speech zone.
Despite the clear protections found in the First Amendment, the freedoms described therein are under constant assault. Increasingly, Americans are being persecuted for exercising their First Amendment rights and speaking out against government corruption. Activists are being arrested and charged for daring to film police officers engaged in harassment or abusive practices. Journalists are being prosecuted for reporting on whistleblowers. States are passing legislation to muzzle reporting on cruel and abusive corporate practices. Religious ministries are being fined for attempting to feed and house the homeless. Protesters are being tear-gassed, beaten, arrested and forced into “free speech zones.” And under the guise of “government speech,” the courts have reasoned that the government can discriminate freely against any First Amendment activity that takes place within a so-called government forum.
The Second Amendment was intended to guarantee “the right of the people to keep and bear arms.” Essentially, this amendment was intended to give the citizenry the means to resist tyrannical government. Yet while gun ownership has been recognized by the U.S. Supreme Court as an individual citizen right, Americans remain powerless to defend themselves against red flag gun laws, militarized police, SWAT team raids, and government agencies armed to the teeth with military weapons better suited to the battlefield.
The Third Amendment reinforces the principle that civilian-elected officials are superior to the military by prohibiting the military from entering any citizen’s home without “the consent of the owner.” With the police increasingly training like the military, acting like the military, and posing as military forces — complete with heavily armed SWAT teams, military weapons, assault vehicles, etc. — it is clear that we now have what the founders feared most — a standing army on American soil.
The Fourth Amendment prohibits government agents from conducting surveillance on you or touching you or encroaching on your private property unless they have evidence that you’re up to something criminal. In other words, the Fourth Amendment ensures privacy and bodily integrity. Unfortunately, the Fourth Amendment has suffered the greatest damage in recent years and has been all but eviscerated by an unwarranted expansion of governmental police powers that include strip searches and even anal and vaginal searches of citizens, surveillance (corporate and otherwise), and intrusions justified in the name of fighting terrorism, as well as the outsourcing of otherwise illegal activities to private contractors.
The Fifth Amendment and the Sixth Amendment work in tandem. These amendments supposedly ensure that you are innocent until proven guilty, and government authorities cannot deprive you of your life, your liberty or your property without the right to an attorney and a fair trial before a civilian judge. However, in the new suspect society in which we live, where surveillance is the norm, these fundamental principles have been upended. Certainly, if the government can arbitrarily freeze, seize or lay claim to your property (money, land or possessions) under government asset forfeiture schemes, you have no true rights.
The Seventh Amendment guarantees citizens the right to a jury trial. Yet when the populace has no idea of what’s in the Constitution — civic education has virtually disappeared from most school curriculums — that inevitably translates to an ignorant jury incapable of distinguishing justice and the law from their own preconceived notions and fears. However, as a growing number of citizens are coming to realize, the power of the jury to nullify the government’s actions — and thereby help balance the scales of justice — is not to be underestimated. Jury nullification reminds the government that “we the people” retain the power to ultimately determine what laws are just.
The Eighth Amendment is similar to the Sixth in that it is supposed to protect the rights of the accused and forbid the use of cruel and unusual punishment. However, the Supreme Court’s determination that what constitutes “cruel and unusual” should be dependent on the “evolving standards of decency that mark the progress of a maturing society” leaves us with little protection in the face of a society lacking in morals altogether.
The Ninth Amendment provides that other rights not enumerated in the Constitution are nonetheless retained by the people. Popular sovereignty — the belief that the power to govern flows upward from the people rather than downward from the rulers — is clearly evident in this amendment. However, it has since been turned on its head by a centralized federal government that sees itself as supreme and which continues to pass more and more laws that restrict our freedoms under the pretext that it has an “important government interest” in doing so.
As for the Tenth Amendment’s reminder that the people and the states retain every authority that is not otherwise mentioned in the Constitution, that assurance of a system of government in which power is divided among local, state and national entities has long since been rendered moot by the centralized Washington, DC, power elite — the president, Congress and the courts.
Thus, if there is any sense to be made from this recitation of freedoms lost, it is simply this: our individual freedoms have been eviscerated so that the government’s powers could be expanded.
It was no idle happenstance that the Constitution opens with these three powerful words: “We the people.” As the Preamble proclaims:
We, the people of the United States, in order to form a more perfect Union, establish justice, ensure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this CONSTITUTION for the United States of America.
In other words, it’s our job to make the government play by the rules of the Constitution.
We are supposed to be the masters and they — the government and its agents — are the servants.
We the American people — the citizenry — are supposed to be the arbiters and ultimate guardians of America’s welfare, defense, liberty, laws and prosperity.
Still, it’s hard to be a good citizen if you don’t know anything about your rights or how the government is supposed to operate.
As the National Review rightly asks, “How can Americans possibly make intelligent and informed political choices if they don’t understand the fundamental structure of their government? American citizens have the right to self-government, but it seems that we increasingly lack the capacity for it.”
Americans are constitutionally illiterate.
Most citizens have little, if any, knowledge about their basic rights. And our educational system does a poor job of teaching the basic freedoms guaranteed in the Constitution and the Bill of Rights.
Teachers and school administrators do not fare much better. A study conducted by the Center for Survey Research and Analysis found that one educator in five was unable to name any of the freedoms in the First Amendment.
Government leaders and politicians are also ill-informed. Although they take an oath to uphold, support and defend the Constitution against “enemies foreign and domestic,” their lack of education about our fundamental rights often causes them to be enemies of the Bill of Rights.
So, what’s the solution?
Thomas Jefferson recognized that a citizenry educated on “their rights, interests, and duties” is the only real assurance that freedom will survive.
From the President on down, anyone taking public office should have a working knowledge of the Constitution and the Bill of Rights and should be held accountable for upholding their precepts. One way to ensure this would be to require government leaders to take a course on the Constitution and pass a thorough examination thereof before being allowed to take office.
Some critics are advocating that students pass the United States citizenship exam in order to graduate from high school. Others recommend that it must be a prerequisite for attending college. I’d go so far as to argue that students should have to pass the citizenship exam before graduating from grade school.
Here’s an idea to get educated and take a stand for freedom: anyone who signs up to become a member of The Rutherford Institute gets a wallet-sized Bill of Rights card and a Know Your Rights card. Use this card to teach your children the freedoms found in the Bill of Rights.
A healthy, representative government is hard work. It takes a citizenry that is informed about the issues, educated about how the government operates, and willing to do more than grouse and complain.
As I point out in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, “we the people” have the power to make and break the government.
The powers-that-be want us to remain divided over politics, hostile to those with whom we disagree politically, and intolerant of anyone or anything whose solutions to what ails this country differ from our own. They also want us to believe that our job as citizens begins and ends on Election Day.
Yet there are 330 million of us in this country. Imagine what we could accomplish if we actually worked together, presented a united front, and spoke with one voice.
Tyranny wouldn't stand a chance.
__________________
About John W. Whitehead:
Constitutional attorney and author John W. Whitehead is founder and president of The Rutherford Institute. His most recent books are the best-selling Battlefield America: The War on the American People, the award-winning A Government of Wolves: The Emerging American Police State, and a debut dystopian fiction novel, The Erik Blair Diaries. Whitehead can be contacted at staff@rutherford.org. Nisha Whitehead is the Executive Director of The Rutherford Institute. Information about The Rutherford Institute is available at https://www.rutherford.org.
Publication Guidelines / Reprint Permission:
John W. Whitehead’s weekly commentaries are available for publication to newspapers and web publications at no charge. Please contact staff@rutherford.org to obtain reprint permission.
https://www.rutherford.org/publications_resources/john_whiteheads_commentary/overthrowing_the_constitution_all_sides_are_waging_war_on_our_freedoms
•
Supreme Court curbs SEC powers to enforce securities laws
PUBLISHED THU, JUN 27 202410:21 AM EDTUPDATED 1 MIN AGO
WASHINGTON — The Supreme Court on Thursday put new limits on the power of the Securities and Exchange Commission to enforce securities laws — the latest ruling in a series of cases that take aim at federal agencies.
The court ruled 6-3 that adjudication of cases by in-house judges violates the right to trial by jury.
The case is one of several on the docket involving conservative and business-led attacks on the power of federal agencies. The court’s 6-3 conservative majority is often sympathetic to such arguments.
The challenge zeroed in on how the SEC enforces securities laws, including those prohibiting insider trading. The SEC has long used in-house proceedings presided over by administrative law judges. The agency can also sue in federal court. In both sets of proceedings, it can seek financial penalties.
Those subject to the in-house adjudication have complained, saying the process violates their rights and gives the SEC too much power by essentially creating a home-court advantage.
More from NBC News:
https://www.cnbc.com/2024/06/27/supreme-court-curbs-sec-powers-to-enforce-securities-laws.html
I was in NYC over the weekend and saw the parade.
THE NEW YORK TARTAN DAY PARADE
https://www.nyctartanweek.org/events/the-new-york-tartan-day-parade-2/
Lots of Scotties and Westies joined in.
Princess Kate reveals she is in the early stages of treatment for cancer
PUBLISHED FRI, MAR 22 20242:00 PM EDTUPDATED 26 MIN AGO
https://www.cnbc.com/2024/03/22/princess-of-wales-kate-middleton-reveals-she-is-in-the-early-stages-of-cancer-treatment.html
God bless her and hopefully now everyone will leave her alone. That is NOT an easy thing for anyone to say and people need to respect her privacy.
And I'm sure my favourite super-Cat insurers wouldn't touch him with a ten foot bargepole:
https://www.bhspecialty.com/who-we-are/
https://finance.yahoo.com/news/warren-buffett-exposed-reason-trumps-174241835.html