ReportWire

Tag: new york (state)

  • New York City mayor announces plan to transport willing migrants to locations outside the city ahead of expected surge | CNN

    New York City mayor announces plan to transport willing migrants to locations outside the city ahead of expected surge | CNN

    [ad_1]



    CNN
     — 

    New York City Mayor Eric Adams announced Friday the city will ship willing migrants to other neighboring New York communities ahead of a surge of migrants expected to arrive in the city following the expiration of Title 42 next week.

    Adams said the new program “will provide up to four months of temporary sheltering in nearby New York counties, outside of New York City, to single-adult men seeking asylum who are already in the city’s care.”

    The program will launch with two hotels located in the small hamlets of Orange Lake and Orangeburg, with the potential to expand, the mayor said. Adams’ spokesperson, Fabien Levy, told CNN there is capacity for up to three hundred migrants between the two hotels initially, with the potential to “expand.”

    Orange Lake is a hamlet in Orange County in upstate New York. The population was 9,770 at the 2020 Census. Orangeburg is a hamlet in the town of Orangetown in New York’s Rockland County, where around 4,600 people live, according to Census data.

    “Despite calling on the federal government for a national decompression strategy since last year, and for a decompression strategy across the state, New York City has been left without the necessary support to manage this crisis,” Adams said. “With a vacuum of leadership, we are now being forced to undertake our own decompression strategy.”

    Adams said the mayors and county executives in both areas have been notified. CNN has reached out to local leaders in both Orange Lake and Orangeburg for their response to the mayor’s plan. CNN has also asked New York Gov. Kathy Hochul for her response to the mayor’s plan to transport migrants outside the city.

    The announcement comes on the heels of an internal briefing memo obtained and first reported by CNN that shed light on a variety of options city officials were weighing to help weather the expected surge.

    Tents in Central Park, a retrofitted airplane hangar at John F. Kennedy Airport and building temporary tiny homes were some of the options noted in the memo, which says the city is anticipating 800 migrants will arrive in the city every day from the southern border after Title 42 is scheduled to lift Thursday. Since last spring, the city has processed tens of thousands of migrants and a total of 37,500 people are currently in the city’s care, the memo says.

    The 5-page draft memo, which outlines the city’s needs and possible “solutions,” says New York City is already seeing an increase in arrivals. On Wednesday alone, officials recorded approximately 500 arrivals. Title 42, the pandemic-era rule that allows immigration agents to swiftly return migrants to Mexico, is scheduled to end on May 11.

    US Customs and Border Protection officials already have seen an uptick in migrants crossing the US-Mexico border in anticipation of the expiration of Title 42, CNN has reported. There have been around 7,000 daily encounters on the US southern border in recent days, a number expected to rise in the coming weeks.

    CNN spoke with three different sources in Adams’ administration who confirmed the authenticity of the planning document. A fourth source at one of the city agencies that would be tasked with helping to set up shelter and other resources for migrants, confirmed the agency had reviewed the memo. The document details a series of potential options the Adams administration is exploring that are not yet finalized, the sources explained to CNN.

    The document outlines possible locations for housing migrants at existing buildings including the campuses of York and Medgar Evers colleges; the YMCA at the Park Slope Armory in Brooklyn; and at a massive 135,000 square foot recreation center in Staten Island.

    Listed as another possible “solution” is a proposal to retrofit unused airplane hangars at John F. Kennedy International Airport, which would require help from the state and the Port Authority, which operates the airport, to build out “dormitory style residential services.”

    Parking lots at the Mets baseball stadium at Citi Field is one of the places being considered to house migrants ahead of an expected surge.

    According to the document, the Adams administration is also considering erecting tents in the city’s public parks and public parking lots. The memo lists Central Park, Prospect Park in Brooklyn and Flushing Meadows-Corona Park in Queens as possible options. The parking lots at Citi Field – the home of the New York Mets – and the Aqueduct Racetrack are also on the list of possible options. Coney Island and Orchard Beach, visited by hundreds of thousands of New Yorkers in the summer months, are also listed as options.

    Levy, Adams’ spokesperson, declined to comment on the specific proposals outlined in the document but told CNN, “While we do not discuss internal deliberations, we’ve been clear that the burden of caring for asylum seekers shouldn’t fall on any one city alone.”

    Levy told CNN the city resorted to housing migrants who arrived this week in “old NYPD training gyms” after running out of shelter space.

    “We have reached our limit of new shelters that we can open right now, and we currently have no other option but to temporarily house recent arrivals in gyms,” Levy said. “This week alone, we received hundreds of asylum seekers every day, and with Title 42 set to be lifted next week, we expect more to arrive in our city daily. We are considering a multitude of options, but, as we’ve been saying for a year, we desperately need federal and state support to manage this crisis,” he said.

    Building structures in public places such as the city’s parks is likely to face fierce criticism from local officials and advocates who have at times been critical of the city’s response to the migrant crisis. In the last year, as he has struggled to respond to the needs of arriving migrants, Adams has said the city’s budget would be affected. He said it might be necessary to cut back on social and municipal services for residents in order to meet the need. New York City officials project they will spend $4.3 billion on the influx of migrants by the end of June 2024.

    Included in its list of possible solutions, the memo also details a proposal to erect “temporary housing in containers or tiny homes.” The document references similar models used in New Jersey and London to serve homeless populations there.

    The memo also lists options the city has previously used or considered using in the last year, including erecting tents on Randall’s Island, and using cruise ships to house migrants.

    An administration official who would only speak on background, because they weren’t authorized to speak publicly, said, “all of these items are being discussed. While we may not yet know what may come to fruition, we have to let New Yorkers know that all options are on the table, especially given the fact that more than 60,000 asylum seekers have arrived in New York City since last year.”

    Adams has repeatedly requested aid from Washington, saying migrant arrivals in New York City and other major cities in the northeast equate to a humanitarian crisis that should be handled by the federal government. Adams continues to criticize the Biden administration, saying the federal government has “abandoned” the city to deal with the migrant crisis on its own.

    “New York has received the brunt, close to 60,000 of those who are coming to the city to participate in the American Dream and we’re not giving them the resources,” the mayor said Thursday during an unrelated event.

    Adams also recently said the financial burden of the migrant crisis is “decimating the foundation of our city” and has said every municipal service in New York City will be impacted.

    On Friday, some city officials voiced their disappointment after the Federal Emergency Management Agency (FEMA) awarded $30.5 million dollars in humanitarian aid funding – only a fraction of the amount that the city requested in March.

    “Despite the City’s $350 million request, FEMA’s initial grant provides a paltry $30.5 million, which is not anywhere close to enough to cover the cost of assistance for asylum seekers,” said a joint statement from New York City Council Speaker Adrienne Adams and Finance Chair Justin Brannan.

    US Rep. Dan Goldman called the allocation of funds from FEMA’s Emergency Food and Shelter Program “woefully insufficient,” adding that he vows to continue to work with his colleagues and the Adams administration to push for “sufficient” federal funding.

    “New York has spent more than $1 billion to support the more than 60,000 migrants that have come to our city seeking a better life, yet FEMA has allotted only $30.5 million to New York City to contribute to this expense,” Goldman said in a statement Friday. “It is incumbent on the federal government to pay its fair share for these unexpected immigration-related expenses.”

    The Department of Homeland Security announced the allocation of the humanitarian support in a statement and named Texas and California as the top three recipients.

    “This first round of funding was focused primarily on the needs of border communities due to the urgencies they are confronting,” the department said. “Several interior cities also received funding. The City of New York received the most of any interior city by a significant margin given its challenges.”

    The department says it will award “approximately $360 million in additional funds through the new Shelter and Services Grant Program” later this fiscal year.

    CNN has reached out to Mayor Adams’ office for comment.

    [ad_2]

    Source link

  • Manhattan prosecutors ask judge to limit Trump’s ability to publicize information about his criminal case | CNN Politics

    Manhattan prosecutors ask judge to limit Trump’s ability to publicize information about his criminal case | CNN Politics

    [ad_1]



    CNN
     — 

    Prosecutors with the Manhattan district attorney’s office have asked the judge overseeing Donald Trump’s criminal case to impose a protective order restricting the former president’s ability to publicize information about the investigation.

    In a motion, prosecutors told the judge that Trump’s team would not consent to a protective order.

    “The risk that this Defendant will use the Covered Materials inappropriately is substantial. Defendant has a long history of discussing his legal matters publicly—including by targeting witnesses, jurors, investigators, prosecutors, and judges with harassing, embarrassing, and threatening statements on social media and in other public forums—and he has already done so in this case,” prosecutors wrote in the filing.

    Manhattan prosecutors have accused Trump of falsifying business records with the intent to conceal illegal conduct connected to his 2016 presidential campaign. The criminal charges stem from Manhattan District Attorney Alvin Bragg’s investigation into hush money payments, made during the 2016 campaign, to women who claimed they had extramarital affairs with Trump, which he denies. Trump has pleaded not guilty to all of the charges.

    In seeking the protective order, prosecutors cited some of Trump’s past attacks on witnesses who previously spoke out against him, including his former personal attorney Michael Cohen and Alexander Vindman, a former national security official who testified publicly during Trump’s first impeachment.

    They asked the judge to order that Trump only be allowed to view certain material turned over by prosecutors in the presence of his defense counsel and not allow him to copy material designated as “limited dissemination materials.”

    Specifically, they asked the judge to instruct anyone who receives materials, including grand jury testimony, to not post them on any news organization or social media websites without approval from the judge. They also asked the judge to limit the use of any materials they provide to Trump to defending the present case.

    “At the outset, it is important to note that the People are not at this time seeking a gag order in this case. Defendant has a constitutional right to speak publicly about this case, and the People do not seek to infringe upon that right,” prosecutors wrote.

    Prosecutors also asked the judge to limit the review of images of two cell phones related to a witness in the case to Trump’s defense lawyers, saying there is highly personal information included on the phones.

    In addition to limiting the disclosure of certain information prosecutors turn over to Trump from becoming public, they also asked the judge to limit the disclosure of identifying information about any support staff working for the prosecution team to the public until jury selection begins in the case.

    They cited Trump’s past statements about Bragg and the judge in the case.

    [ad_2]

    Source link

  • Arrests over alleged secret ‘police station’ deepen showdown between Washington and Beijing | CNN

    Arrests over alleged secret ‘police station’ deepen showdown between Washington and Beijing | CNN

    [ad_1]



    CNN
     — 

    “We don’t need or want a secret police station in our great city,” said Breon Peace, the US attorney for the Eastern District of New York on Monday – expressing the likely feeling of many Americans at the news that the FBI has arrested two alleged agents for the Chinese government accused of working to harass and silence its critics in the US.

    The Justice Department also charged 34 officers of China’s national police, all of whom are believed to live in China, with related offenses.

    The revelations threaten to pitch already sour US-China relations into further crisis, and had the immediate effect of hardening bipartisan suspicion about Beijing on Capitol Hill in a way that will have serious diplomatic implications.

    Prosecutors allege that China opened an “undeclared police station” in New York City that was used at least once to track down a pro-democracy activist of Chinese descent living in California.

    The two men Lu Jianwang and Chen Jinping — both US citizens — allegedly created the “first known overseas police station in the United States,” on behalf of the Chinese Ministry of Public Security, according to the Justice Department.

    The FBI also accused a group of Chinese officers of flooding an online video conference, screaming at and threatening Chinese dissidents in the US who were discussing democracy.

    This is not unsurprising activity by a foreign intelligence agency on foreign soil; Washington’s penchant for engaging democracy activists in totalitarian countries has, for instance, long been seen as meddling by repressive governments.

    And the FBI has outposts in many foreign embassies.

    The bureau’s work, however, involves fighting organized crime, combating terrorism and drug trafficking, and forging links with local police and law enforcement. It isn’t designed to monitor US expats and police their political activity.

    If proven, the two agents’ alleged activities represent an attempt by the Communist Party in Beijing to extend its crackdown on dissent and democracy outside the country and onto the soil of a nation where such freedoms are protected.

    “The efforts of the PRC to export authoritarian methods to stifle free expression in the United States is a threat to America’s democracy that we will not abide,” said David Newman, principal deputy assistant attorney general for the National Security Division of the Department of Justice.

    There has so far been no comment from Beijing on the charges.

    But the notion that Beijing is operating foreign police stations is not new.

    According to a new report by Madrid-based human rights group Safeguard Defenders shared with CNN last year, President Xi Jinping’s government set up more than 100 such posts to monitor the activity of large Chinese diasporas, using bilateral security arrangements as a cover.

    Beijing has denied such allegations, arguing the offices help expat citizens with services like the issuing of new drivers licenses. Any activity that goes beyond consular services and targets Chinese exiles would infringe international law.

    While China has police patrol agreements with several nations, including Italy and South Africa, reports of the undeclared police posts have prompted investigations in at least 13 other countries including Ireland, the Netherlands and Spain.

    The revelations by authorities in New York on Monday are already having a detrimental impact on China’s already tarnished reputation in Washington and will further complicate efforts by the Biden administration to defuse spiraling tensions with Xi.

    The alleged police station scheme is seen as another example of China’s growing global reach, perceived threat to the United States and its values, and willingness to curtail political enemies wherever they might be.

    “This is absolutely absurd that the Chinese Communist Party thinks that they can set up their own police station in a place like New York City,” Democratic Rep. Seth Moulton, a member of the new House Select Committee on the Chinese Communist Party, told CNN.

    “The story out there that the Americans and Chinese are ratcheting up tensions is really not accurate. This is China ratcheting up tensions. This is the Chinese Communist Party trying to exact their repressive regime all over the globe.”

    The arrests contribute to a sense in Washington that China is indulging in increasingly provocative behavior and is ever disdainful of American sovereignty.

    They follow the flight of a suspected Chinese spy balloon across the North American mainland earlier this year that was viewed by many Americans as an insult and was a first tangible sign of how a potential new Cold War could unfold with a new superpower foe.

    Monday’s developments are also likely to increase uncertainty — some might say paranoia — about the level of clandestine activity China might be conducting on US soil.

    Every elevation of the standoff between Beijing and Washington takes a diplomatic toll.

    The level of antipathy towards China is so strong on Capitol Hill that it makes it hard for President Joe Biden — who is ultimately in charge of managing this critical diplomatic relationship — not to toughen his stance. This in turn causes diplomatic and political after shocks in Beijing, whipping up more anti-US rhetoric and behavior.

    To dispute the idea that the US and China are barreling towards a confrontation increasingly looks like heresy in Washington. This is a dangerous new reality since it narrows the room for sober, strategic reasoning about the implications of a potential generations-long showdown across the Pacific.

    [ad_2]

    Source link

  • Opinion: Why isn’t the House Judiciary Committee looking into red flags about Clarence Thomas? | CNN

    Opinion: Why isn’t the House Judiciary Committee looking into red flags about Clarence Thomas? | CNN

    [ad_1]

    Editor’s Note: Dean Obeidallah, a former attorney, is the host of SiriusXM radio’s daily program “The Dean Obeidallah Show.” Follow him @DeanObeidallah@masto.ai. The opinions expressed in this commentary are his own. View more opinion on CNN.



    CNN
     — 

    On Monday, the GOP-controlled House Judiciary Committee — chaired by Donald Trump ally Rep. Jim Jordan — is set to hold a field hearing in New York City called “Victims of Violent Crime in Manhattan.” A statement bills the hearing as an examination of how, the Judiciary Committee says, Manhattan District Attorney Alvin Bragg’s policies have “led to an increase in violent crime and a dangerous community for New York City residents.”

    In response, Bragg’s office slammed Jordan’s hearing as “a political stunt” while noting that data released by the New York Police Department shows crime is down in Manhattan with respect to murders, burglaries, robberies and more through April 2, compared with the same period last year.

    In reality, this Jordan-led hearing isn’t about stopping crime but about defending Trump — who was recently charged by a Manhattan grand jury with 34 felonies. Trump pleaded not guilty to the criminal charges stemming from an investigation into a hush-money payment to an adult film actress. The former president also is facing criminal probes in other jurisdictions over efforts to overturn the 2020 election and his handling of classified documents at Mar-a-Lago.

    Bragg sued Jordan and his committee last week in federal court, accusing the Judiciary Committee chairman of a “transparent campaign to intimidate and attack” his office for its investigation and prosecution of Trump by making demands for confidential documents and testimony.

    While Jordan and his committee appear focused on discrediting the investigation into Trump, why aren’t they looking into two recent bombshell reports by ProPublica that raised red flags about Supreme Court Justice Clarence Thomas’ financial relationship with GOP megadonor Harlan Crow? After all, the House Judiciary Committee’s website explains that it has jurisdiction over “matters relating to the administration of justice in federal courts” – for which the revelations concerning Thomas fit perfectly.

    First, we learned in early April that Crow had provided Thomas and his wife, Ginni, for decades with luxurious vacations including on the donor’s yacht and private jet to faraway places such as Indonesia and New Zealand. That information was never revealed to the public. (In a rare public statement, Thomas responded he was advised at the time that he did not have to report the trips. The justice said the guidelines for reporting personal hospitality have changed recently. “And, it is, of course, my intent to follow this guidance in the future,” he said.)

    Then on Thursday, ProPublica reported that Thomas failed to disclose a 2014 real estate deal involving the sale of three properties he and his family owned in Savannah, Georgia, to that same GOP megadonor, Crow. One of Crow’s companies made the purchases for $133,363, according to ProPublica. A federal disclosure law passed after Watergate requires Supreme Court justices and other officials to make public the details of most real estate sales over $1,000.

    As ProPublica detailed, the federal disclosure form Thomas filed for that year included a space to report the identity of the buyer in any private transaction, but Thomas left that space blank. Four ethics law experts told ProPublica that Thomas’ failure to report it appears to be a violation of the law. (Thomas did not respond to questions from ProPublica on its report; CNN reached out to the Supreme Court and Thomas for comment.)

    The House Judiciary Committee has long addressed issues such as those surrounding Thomas. In fact, the committee is where investigations and the impeachment of federal judges often commence.

    One recent example came in 2010 with Judge G. Thomas Porteous Jr., whom the committee investigated and recommended for impeachment.

    The committee’s Task Force on Judicial Impeachment said evidence showed Porteous “intentionally made material false statements and representations under penalty of perjury, engaged in a corrupt kickback scheme, solicited and accepted unlawful gifts, and intentionally misled the Senate during his confirmation proceedings.” The Senate later found Porteous guilty of four articles of impeachment and removed him from the bench.

    Yet the Judiciary Committee has neither released statements nor tweets raising alarm bells about Thomas. Instead, its Twitter feed is filled with repeated tweets whining that C-SPAN won’t cover Monday’s New York field hearing. Worse, the committee retweeted GOP Rep. Mary Miller’s tweet defending Thomas as being attacked “because he is a man of deep faith, who loves our country and believes in our Constitution.”

    Jordan’s use of his committee to assist Trump should surprise no one. The House January 6 committee’s report called the Ohio Republican “a significant player in President Trump’s efforts” to overturn the election. The report detailed the lawmaker’s efforts to assist Trump including on “January 2, 2021, Representative Jordan led a conference call in which he, President Trump, and other Members of Congress discussed strategies for delaying the January 6th joint session.” As a result, the January 6 committee subpoenaed Jordan to testify — but he refused to cooperate.

    In contrast with the House panel, the Senate Judiciary Committee — headed by Democrats — announced in the wake of the reporting on Thomas that it plans to hold a hearing “on the need to restore confidence in the Supreme Court’s ethical standards.” Beyond that, Democratic Sen. Sheldon Whitehouse of Rhode Island and Rep. Hank Johnson of Georgia sent a letter Friday calling for a referral of Thomas to the US attorney general over “potential violations of the Ethics in Government Act 1978.”

    The House Judiciary Committee’s website notes, “The Committee on the Judiciary has been called the lawyer for the House of Representatives.” Under Jordan that description needs to be updated to state that the Committee on the Judiciary is now “the lawyer for Donald J. Trump.” And the worst part is that the taxpayers are the ones paying for Jordan’s work on Trump’s behalf.

    [ad_2]

    Source link

  • Six takeaways from campaign fundraising filings by Trump, Haley, Santos and more | CNN Politics

    Six takeaways from campaign fundraising filings by Trump, Haley, Santos and more | CNN Politics

    [ad_1]



    CNN
     — 

    Former President Donald Trump’s criminal indictment helped jolt his fundraising. GOP presidential candidate Nikki Haley faces questions about her campaign math. Embattled New York Rep. George Santos refunded more contributions than he took in. And some – but not all – of the Democratic Party’s most vulnerable Senate incumbents have stepped up their fundraising ahead of tough 2024 election fights.

    Here’s a look at a few takeaways from new first-quarter campaign filings covering the first three months of 2023:

    Trump raised about $14.4 million for his main campaign committee in the first quarter of this year – with donations spiking at the end of March as news broke of his indictment by a Manhattan grand jury.

    The new filings suggest that the former president’s legal troubles have helped him politically and financially as he makes a third bid for the White House. But the amount only captures the start of what the campaign said was a fundraising surge that continued into the beginning of the second quarter.

    Even so, Trump’s first-quarter haul lagged behind the pace he had set in earlier campaigns.

    Earlier this month, Haley;s campaign publicized what it boasted as a strong haul for her 2024 presidential bid: The former South Carolina governor had raised “more than $11 million in just six weeks,” according to a campaign release.

    But official filings with the Federal Election Commission on Saturday night show that the campaign appears to have double-counted money routed among Haley’s fundraising committees, overstating the topline figure.

    The three committees connected to Haley raised a total of $8.3 million – still a sizable showing for a first-time presidential candidate but not the figure publicly touted by the former UN ambassador’s campaign.

    Fundraising serves as one benchmark of support for a campaign, and candidates are often eager to tout big numbers in advance of their official filings with federal regulators.

    In an email to CNN on Sunday, Haley campaign spokesman Ken Farnaso defended the $11 million figure, saying the accounting mirrored how other candidates have previously described their fundraising.

    Other candidates have sought to present their campaign filings in the most favorable light. Trump’s campaign, for instance, touted a $9.5 million haul during the first six weeks of his campaign. But, in that window, only about $5 million flowed into the joint fundraising committee that powers his political operation.

    Embattled Rep. George Santos’ campaign refunded more contributions than it took in during the first three months of the year, according to a campaign report the New York Republican filed Saturday.

    The freshman congressman from Long Island received $5,333 in contributions during the first quarter and refunded more than $8,000 in donations. It’s highly unusual for a sitting member of Congress to report a net loss on a fundraising report.

    By contrast, another first-term congressman, Republican Anthony D’Esposito, who represents a neighboring district, reported more than $670,000 in receipts during the first quarter, including more than $300,000 from political action committees and other lawmakers’ campaign committees.

    Santos, who has lied about his education, work history and family background, faces a House ethics inquiry, along with local and federal investigations into his finances.

    His campaign reported $25,000 in remaining cash as of March 31 and $715,000 in debt – which Santos has described as personal funds he loaned to his successful 2020 effort for New York’s 3rd Congressional District.

    (How Santos, who in 2020 reported a $55,000 salary and no assets when he ran unsuccessfully for Congress, amassed the money to fund his campaign two years later remains one of the biggest questions surrounding his political rise.)

    Last month, Santos formally filed paperwork for a 2024 reelection bid, but it followed a demand from the FEC that he declare his intentions after he crossed a fundraising threshold that required him to file a statement of candidacy.

    Some of his fellow Republicans have urged the scandal-plagued congressman to resign or not seek reelection. Last month, when asked by CNN whether he intended to run again, Santos responded, “Maybe.”

    In the closely watched race to succeed California Sen. Dianne Feinstein, Rep. Adam Schiff outraised the rest of the Democratic field, bringing in $6.7 million during the first quarter – topping the nearly $4.5 million raised by Rep. Katie Porter and roughly $1.3 million collected by Rep. Barbara Lee.

    Schiff also led the field in available cash, ending March with more than $24.6 million stockpiled in his campaign account.

    Porter, who transferred nearly $11 million from her House campaign into her Senate account this year, had more than $9.4 million in cash still available on March 31. Lee trailed with a little more than $1.1 million in available cash.

    Feinstein, who at 89 is the oldest sitting senator, has announced she will not seek reelection next year – although she is facing calls from some Democrats to retire now after being sidelined with shingles since early March.

    Last week, she asked to be temporarily replaced on the Senate Judiciary Committee while she continues her recuperation.

    In Arizona, the leading Democratic candidate for Senate, Rep. Ruben Gallego, outraised independent incumbent Sen. Kyrsten Sinema, bringing in nearly $3.8 million to his opponent’s $2.1 million.

    Sinema, who changed her affiliation from Democrat late last year, continues to caucus with her former party. She has not formally declared an intention to seek a second term. But she has the resources to compete in what could be a costly, three-way general election battle for the seat. She ended March with nearly $10 million in available cash to Gallego’s $2.7 million.

    Mark Lamb, an Arizona sheriff aligned with Trump, this month became the first major Republican candidate to enter the race, but he won’t file his first fundraising report until July.

    Democratic Sen. Sherrod Brown of Ohio – who is seeking a fourth term in what will be one of the most closely watched contests of the 2024 cycle – raised more than $3.5 million in the first quarter, up from the roughly $333,000 he collected during the last three months of 2022.

    Several Republicans have lined up to challenge Brown, including Cleveland businessman Bernie Moreno and former state Sen. Matt Dolan, whose family owns the Cleveland Guardians Major League Baseball team.

    Saturday’s filings show Dolan collecting $3.3 million – most of which he loaned his campaign. Moreno joined the race in April, after the first-quarter fundraising period had ended.

    Brown is one of three Democratic senators who are up for reelection next year in states won by Trump in 2020.

    Montana Sen. Jon Tester, another Democratic incumbent facing a tough reelection battle in a Republican state, raised $5 million in the first quarter and had $7 million stockpiled as of March 31.

    In deep-red West Virginia – a state Trump won by nearly 40 points in 2020 – Democratic Sen. Joe Manchin has not yet declared whether he will seek a third full term in 2024. He pulled in just $370,000 in the first quarter but was sitting atop a $9.7 million war chest of available cash as of March 31.

    West Virginia Rep. Alex Mooney, the first major Republican to enter the Senate race, collected roughly $500,000 in the first quarter.

    [ad_2]

    Source link

  • New York man sentenced to life in prison for ordering murder-for-hire hit on his brother and mob-linked father | CNN

    New York man sentenced to life in prison for ordering murder-for-hire hit on his brother and mob-linked father | CNN

    [ad_1]



    CNN
     — 

    A man convicted for ordering a murder-for-hire hit on his brother and Mafia-associated father in the Bronx, New York was sentenced to life in prison Friday, federal prosecutors said.

    Anthony Zottola Sr., 45, and co-conspirator Himen Ross, 37, were each sentenced to mandatory life sentences plus 112 years in federal prison after a jury found them guilty in 2022 of hiring gang members to murder Zottola’s 71-year-old father, Sylvester, according to the US Attorney’s Office for the Eastern District of New York. Sylvester Zottola was fatally shot in October 2018 as he waited for a cup of coffee at a McDonald’s drive-thru, authorities said.

    Federal prosecutors say the shooting was the third attempt on Sylvester Zottola’s life as part of his son’s scheme to take control of the family’s real-estate business. Prosecutors had previously said Sylvester Zottola was an associate of the Luchese family, one of the five mob families that historically dominated New York, and worked with another known mobster, Vincent Basciano.

    In November 2017, Sylvester Zottola was menaced at gunpoint by a masked person, and in December 2017, three men invaded his home, struck him on the head with a gun, stabbed him and slashed his throat. He survived the first two attempts on his life, prosecutors said.

    In the final murder attempt – which led to Sylvester Zottola’s death – a tracking device had been placed on his car that allowed Ross, who carried out the shooting, to track him to the McDonald’s restaurant, prosecutors said.

    “Over the course of more than a year, the elderly victim, Sylvester Zottola, was stalked, beaten, and stabbed, never knowing who orchestrated the attacks. It was his own son, who was so determined to control the family’s lucrative real estate business, that he hired a gang of hit men to murder his father,” US Attorney Breon Peace said in a statement. “For sentencing his father to a violent death, Anthony Zottola and his co-defendant will spend the rest of their lives in prison.”

    Separately, the defendant’s brother, Salvatore Zottola, was shot in the head, chest and hand in front of his home in July 2018, authorities said. He survived the attack and testified at the trial, CNN previously reported.

    One of Anthony Zottola’s attorneys previously placed blame for the attacks on the Bloods gang.

    “A violent street gang preyed upon Anthony and his family and caused their tragic ruin. We will appeal this verdict to prevent Anthony from becoming another victim of the Bloods gang. He is not guilty of these violent crimes,” defense attorney Henry E. Mazurek said in October.

    Sylvester Zottola held a residential real estate portfolio valued at tens of millions of dollars, and prosecutors said Anthony Zottola, who helped manage the properties, plotted to kill his father and brother to take control of the business.

    The additional 112 years of imprisonment added to Zottola and Ross’ sentences represents the combined ages of Zottola’s father, 71, and brother, 41, when they were shot, the US Attorney’s Office said.

    Ilana Haramati, another of Zottola’s attorneys, said her client will “vigorously pursue an appeal to vindicate his innocence.”

    “Anthony Zottola is a loving father and husband,” Haramati told CNN Saturday. “His sentence to death by incarceration will only compound the trauma that the Zottola family has already suffered.”

    Lawyers for Ross have not yet responded to CNN’s request for comment.

    Six other defendants have pleaded guilty for their roles in the murder-for-hire conspiracy, the US Attorney’s Office said.

    [ad_2]

    Source link

  • Rockland County, New York, officials say sparks from CSX train apparently cause brush fires | CNN

    Rockland County, New York, officials say sparks from CSX train apparently cause brush fires | CNN

    [ad_1]



    CNN
     — 

    A CSX train apparently caused sparks as it traveled through its Rockland County, New York, route, creating “dozens of brush fires,” according to the Rockland County Sheriff’s Office.

    In a Facebook post, the sheriff’s office said, “A CSX train traveling through the Town of Clarkstown, Stony Point, Haverstraw, Village of Haverstraw, Village of West Haverstraw appears to have caused sparks to fly all along the route through these municipalities, creating dozens of brush fires which the Volunteer Fire Departments and Town Police Departments are responding to.”

    CSX said in a following statement, “At approximately 1:57 p.m. ET today, CSX was contacted by Haverstraw Town Police requesting that train traffic be stopped due to brush fires near Gurnee Avenue in Haverstraw, NY. CSX inspected the train that was in the area and no issues were reported. We will continue to work in close coordination with first responders and hold train traffic out of the area to allow for a safe response. CSX is cooperating with Rockland County officials, who are investigating.”

    Beth Cefalu, a spokesperson for the Rockland County Executive’s Office, said preliminary indications suggest that “a train was kicking up sparks and started fires.”

    The train has been stopped as firefighters put out the fires, Cefalu said.

    Three firefighters suffered heat exhaustion battling the fires Friday afternoon, Cefalu told CNN. She added that she did not have information on what the train was carrying.

    CNN has reached out to Rockland officials and CSX to inquire about the cause of the fire and whether the train was the impetus.

    The sheriff’s office advised the public to avoid route 9W through the municipalities.

    The town supervisor for Clarkstown, George Hoehmann, said as of approximately 3:30 p.m. most of the fire had burned out, but pockets were being treated and brush equipment was being brought in to hit hot spots. “This will be a long-term engagement but thankfully it appears contained,” he posted on Facebook.

    By Saturday, multiple fires had “significantly died down overnight,” officials said in a news release, “and no water drops will be necessary.”

    Hoehman said in the post that some homes had PVC fence melt from the heat, and one home had a pod storage unit destroyed and its home siding melted.

    There have been no structure fires, Hoehmann said.

    New York State Sen. Bill Weber called for a meeting with CSX.

    “This fire is the third incident in recent memory, which is unacceptable,” Weber said in a tweet.

    “We are happy to meet with Senator Weber to address any concerns he has,” the company said in a statement to CNN.

    CNN was unable to corroborate Weber’s assertion this was the third incident in recent memory.

    [ad_2]

    Source link

  • The cream-cheese-stuffed bagel is here | CNN Business

    The cream-cheese-stuffed bagel is here | CNN Business

    [ad_1]


    New York
    CNN
     — 

    In the 1990s, Pizza Hut unveiled an important cheese-in-bread innovation, the stuffed crust pizza. Now, Philadelphia cream cheese and H&H Bagels, a New York City-based bagel shop, are trying to please the carbohydrate- and dairy-loving communities with a new and dubious spin on the stuffed crust: The bagel stuffed with cream cheese.

    But unlike stuffed-crust pizzas, the bagel is filled with cheese after it is baked, making it more of a cream cheese bagel donut, if not in spirit then at least in form.

    The bagels are “baked fresh daily and then cooled to be individually stuffed with Philly’s signature cream cheese one at a time,” according to Jay Rushin, CEO of H&H. “H&H Bagels use a pastry tool to pipe in the Philly cream cheese by hand,” he added. “The process leaves very small holes where the insertions are made, similar to a jelly donut.”

    The obvious question, as is often the case with food mash-ups, is why. What’s so wrong with slicing a bagel and slathering on a healthy amount of cream cheese? Why must we pre-cheese the bagel? Because, Philly owner Kraft Heinz and H&H say, the simple acts of cutting and spreading are taxed, at least in New York.

    “New York City may be the bagel capital of the world, but its residents incur a ludicrous ‘bagel tax’ each time they opt to purchase a bagel that’s sliced and schmeared with cream cheese,” the companies said in a release.

    That’s true, sort of. New York doesn’t have a specific bagel tax, explained Ryan Cleveland, a representative of the New York State Department of Taxation and Finance. But certain food products, including baked goods, are tax exempt, while prepared foods are not.

    “It’s when a bagel becomes a sandwich or a prepared food that it then becomes taxable,” he said. In New York City, food sold at restaurants is taxed at 8.875%.

    Philadelphia and H&H plan to skirt this rule with the stuffed bagel, which is available at H&H’s Manhattan locations for $1.90 each, from Friday through Tax Day on Tuesday, April 18; and also online.

    “In today’s landscape, people are juggling enough hurdles, and having to pay an extra tax to enjoy their favorite bagel with Philly cream cheese should simply not be one of them,” said Keenan White, senior brand manager of Philadelphia cream cheese, in a statement.

    White and Kraft Heinz

    (KHC)
    may well care about their customers’ tax payments. But for food companies, marketing stunts are about creating buzz and staying at the forefront of customers’ minds when they visit the supermarket — or bagel shop.

    Kraft in particular has in recent years been leaning into questionable combinations, like the Velveeta Martini and a hot dog flavored popsicle, to promote its brands and get attention.

    Philadelphia cream cheese, which struggled with shortages in the past, turned that issue into a marketing opportunity as well. There’s no problem with supply now, according to the brand.

    [ad_2]

    Source link

  • Ex-cop, a former prison cellmate of Jeffrey Epstein, convicted for murdering 4 men | CNN

    Ex-cop, a former prison cellmate of Jeffrey Epstein, convicted for murdering 4 men | CNN

    [ad_1]



    CNN
     — 

    A former New York police officer and cellmate of disgraced financier Jeffrey Epstein was found guilty Thursday of killing four men in 2015, the US Attorney for the Southern District of New York announced.

    Nicholas Tartaglione, who is described by US Attorney Damien Williams as “a former police officer-turned drug dealer,” faces a possible life sentence in federal prison after a jury found him guilty of killing Martin Luna, Miguel Luna, Urbano Santiago and Hector Gutierrez, according to a Thursday news release.

    In 2015, Tartaglione suspected Martin Luna had stolen money from him and planned to confront him during an in-person meeting, to which Martin brought along his nephews, Miguel Luna and Urbano and his family friend Gutierrez, the release said. But the meeting was a “deadly trap,” according to Williams, and the events that came thereafter “could only be described as pure terror.”

    Tartaglione tortured Martin and then forced one of Martin’s nephews to watch as he strangled him to death with a zip-tie, according to the US Attorney’s Office statement.

    The former officer and two of his associates then brought Miguel Luna, Urbano and Gutierrez to a remote wooded location, forced them to kneel and fatally shot them in the back of the head before burying their bodies in a mass grave, the release said.

    The three men were “simply at the wrong place at the wrong time,” Williams said.

    The four bodies were found in December 2016 on a property belonging to Tartaglione, located about an hour north of New York City, according to the Chester Police Department.

    Tartaglione pleaded not guilty to a five-count indictment charging him with the four murders and conspiracy to distribute cocaine, CNN previously reported.

    Lawyers for Tartaglione have not responded to CNN’s request for comment.

    “Tartaglione’s heinous acts represent a broader betrayal, as he was a former police officer who once swore to protect the very community he devastated,” Williams said in a statement.

    Tartaglione shared a prison cell with Epstein at the federal Metropolitan Correctional Center in New York City and had been moved before Epstein’s suicide in August 2019, CNN previously reported.

    The former officer was one of the first people FBI agents sought to interview after Epstein, 66, was found dead in the special housing unit of the prison. Epstein was awaiting trial on federal charges accusing him of operating a sex trafficking ring from 2002 to 2005 at his Manhattan mansion and his Palm Beach estate in which he paid girls as young as 14 for sex.

    [ad_2]

    Source link

  • Starbucks fires Buffalo union worker who ‘ignited a movement’ to organize | CNN Business

    Starbucks fires Buffalo union worker who ‘ignited a movement’ to organize | CNN Business

    [ad_1]


    New York
    CNN
     — 

    Starbucks has fired a Buffalo, New York, worker who “ignited a movement” from one of the first stores in the coffee chain to unionize, Starbucks Workers United said Friday.

    The firing came the same week that former CEO Howard Schultz testified before Congress, where he was grilled by lawmakers for the company’s labor practices and alleged union-busting.

    Alexis Rizzo had been shift supervisor at the Genesee Street store in Buffalo for 7 years, the union said. That store was one of the first of two locations to officially win their union campaigns in January 2022 after the federal labor board certified its results. Rizzo was the worker who first contacted the union.

    “This is retaliation at its worst,” a statement from Starbucks Workers United said. The union noted two other employees were fired and a union leader was written up.

    CNN is still seeking comment from Starbucks and Rizzo.

    “Instead of negotiating a first union contract as required by law, Starbucks has chosen to double down on its illegal union-busting by firing Alexis Rizzo,” Sen. Bernie Sanders tweeted Friday night, saying Rizzo “must be reinstated.”

    The pro-union senator placed pressure on Schultz’s alleged union-busting tactics when he testified before the Senate’s Committee on Health, Education, Labor & Pensions on Wednesday.

    “Over the past 18 months, Starbucks has waged the most aggressive and illegal union-busting campaign in the modern history of our country,” said Sanders.

    Schultz noted during the hearing that the company’s baristas earn an average of $17.50 an hour, which is more than the minimum wage in multiple states, “including, respectfully Chairman Sanders’ [state],” referring to Vermont.

    The three-time CEO asserted he prefers the company to have a direct relationship with its employees instead of going through a union, denying the company violated labor laws or that he was a union buster.

    Nearly 300 locations have voted to join Starbucks Workers United. National Labor Relations Board judges found Starbucks has committed 130 labor violations and the agency has issued more than 70 official complaints against it. Starbucks has filed its own series of complaints against the union, and in his testimony before Congress, Schultz said the company considers these claims “allegations,” not findings of fact.

    Starbucks and the union have yet to sign a contract.

    “What is outrageous to me is not only Starbucks’ anti-union activities and their willingness to break the law, it is their calculated and intentional efforts to stall, stall and stall,” Sanders said during the hearing.

    In a statement, the union said, “Starbucks can fire our leaders, but they cannot stop our movement or stop the public from seeing the truth.”

    [ad_2]

    Source link

  • Meet the judge presiding over Trump’s criminal arraignment | CNN Politics

    Meet the judge presiding over Trump’s criminal arraignment | CNN Politics

    [ad_1]



    CNN
     — 

    When Donald Trump enters a New York courtroom on Tuesday, he’ll face a seasoned judge who is no stranger to the former president’s orbit.

    Acting New York Supreme Court Judge Juan Merchan has sentenced Trump’s close confident Allen Weisselberg to prison, presided over the Trump Organization tax fraud trial and overseen former adviser Steve Bannon’s criminal fraud case.

    But Trump’s historic arraignment on Tuesday will perhaps be Merchan’s most high-profile case to date, even after a long career atop the state-level trial court.

    Merchan has been described by observers as a “tough” judge, yet one who is fair, no matter who is before him.

    Here’s what you need to know.

    Trump’s arraignment is likely to be a spectacle with a show of law enforcement and with the former president already fanning the flames on social media with his views on Merchan and his indictment.

    But in the courthouse, Merchan does not stand for disruptions or delays, attorneys who have appeared before him told CNN, and he’s known to maintain control of his courtroom even when his cases draw considerable attention.

    “Judge Merchan was efficient, practical, and listened carefully to what I had to say,” Nicholas Gravante, the attorney who represented Weisselberg in his plea, said via email.

    “He was clear in signaling his judicial inclinations, which helped me tremendously in giving Mr. Weisselberg informed legal advice. Judge Merchan was always well-prepared, accessible, and – most importantly in the Weisselberg matter – a man of his word. He treated me and my colleagues with the utmost respect, both in open court and behind closed doors.”

    Karen Friedman Agnifilo, a private practice attorney who previously worked as the chief assistant district attorney in the Manhattan District Attorney’s Office, supervising cases Merchan presided over, echoed that sentiment.

    “[Merchan] doesn’t let the prosecutors or the defendants create any issues in his courtroom. He doesn’t let a media circus or any other kind of circus happen. I don’t think Donald Trump attacking him and threatening him is going to bode very well for him in the courtroom,” Agnifilo said.

    “The judge is the kind of judge where he will ignore it and not hold it against Donald Trump. He’s not vindictive in any way like that.”

    Merchan showed some of his tough side when Weisselberg was sentenced, telling the former Trump associate that if he had not already promised him a five-month sentence, he would have handed him a “much greater” sentence after having listened to evidence at trial.

    When he presided over Bannon’s criminal fraud case, Merchan chastised the former Trump aide’s new team of attorneys for delaying the case when they asked for more time to review new evidence.

    In addition to the Trump cases, Merchan has also presided over other high-profile cases, including the “soccer mom madam” trial, in which he set a $2 million bond for suburban mom Anna Gristina, who was charged with running a $2,000-an-hour escort service for the wealthy, Bloomberg News reported.

    Merchan also handed a 25-years-to-life sentence to a Senegalese man who raped and murdered his girlfriend.

    Trump attorney Timothy Parlatore said during an interview Friday on CNN that Merchan was “not easy” on him when he tried a case before him, but echoed that the judge likely will be fair.

    “I’ve tried a case in front of him before. He could be tough. I don’t think it’s necessarily going to be something that’s going to change his ability to evaluate the facts and the law in this case,” Parlatore said.

    Merchan, however, is also credited by his peers for having helped create the Manhattan Mental Health Court, which he often presides over and where he has earned a reputation for “compassionate” rulings that give defendants second chances.

    “I watched a colleague of mine try a shooting case where someone got shot, so he’s able to try those very serious violent crimes and then switch,” said Brendan Tracy, a criminal defense attorney who previously served as an assistant district attorney in the Manhattan District Attorney’s Office.

    “Maybe someone who was a serial shoplifter and then charged with grand larceny and is in mental health treatment court because they had mental health issues, he was able to handle the wide range of cases and do them all fairly,” Tracy added.

    Still, Earl Ward, a trial attorney and chair of public defender nonprofit The Bronx Defenders, said that having watched Merchan preside over cases in the Mental Health Court, the judge often sided with prosecutors.

    “He’s fair and his rulings are consistent with the law, but if it’s a close call, his reputation is that he lands on the prosecution’s side,” Ward said.

    Merchan launched his legal career in 1994 when he started off as an assistant district attorney in the trial division in the Manhattan District Attorney’s Office. Several years later, he moved on to the state attorney general’s office, where he worked on cases in Long Island.

    In 2006, New York Mayor Michael Bloomberg, then a Republican, appointed Merchan to Family Court in the Bronx, and Democratic Gov. David Paterson appointed him to the New York State Court of Claims in 2009, the same year he began serving as an acting New York Supreme Court Judge.

    Born in Bogota, Colombia, Merchan emigrated to the United States at the age of 6 and grew up in the New York City neighborhood of Jackson Heights, Queens, according to a New York Times profile of the judge. He was the first in his family to go to college. t

    Merchan initially studied business at Baruch College in New York before he dropped out of school to go work only to return several years later to finish school so that he could get his law degree, the Times reported.

    He eventually received his law degree from Hofstra University.

    [ad_2]

    Source link

  • A grassroots group took on Amazon and won. Then came the hard part | CNN Business

    A grassroots group took on Amazon and won. Then came the hard part | CNN Business

    [ad_1]



    CNN
     — 

    When the Amazon Labor Union shocked the world last April by successfully forming the first US union in the e-commerce giant’s history, Chris Smalls, the president and face of the organization, celebrated by making champagne rain on the street and thanking Jeff Bezos “for going to space” while workers organized.

    Smalls, a worker who was fired by Amazon

    (AMZN)
    in the early days of the pandemic and then labeled as “not smart or articulate” by a company lawyer, quickly emerged as an icon for the resurgent US labor movement. He went on a media tour that took him from the red carpet to the White House, often clad in his “Eat the Rich” jacket and Versace sunglasses.

    But in the year since the landmark victory, Smalls and ALU appear to have fallen back to earth. Amazon still refuses to recognize the union or come to the bargaining table, dashing the Staten Island workers’ hopes of creating their first contract. The group fell short in its campaigns to organize two other Amazon warehouses in New York, including one across the street from the unionized facility. Meanwhile, Smalls and the union have been grappling with public infighting which, combined with its stalled progress on other fronts, could threaten the union’s future.

    The early struggles for ALU highlight the challenges of taking on one of the biggest employers in the world. It has also renewed questions about whether a grassroots organization, rather than a more established union, is best suited for the task, even though no established union has ever made it this far in organizing a US union at Amazon.

    “I think that’s a lesson here, that an established union would have helped the local leaders in these internal battles to get worked out, and to help them prepare and structure a bargaining approach and strategy,” said Thomas Kochan, a longtime labor researcher at the MIT Sloan School of Management’s Institute for Work and Employment Research.

    But in a recent interview with CNN, Smalls was enthusiastic about the state of his union, noting that “it’s been going great,” while pointing to the realities of being a grassroots group.

    “If anybody could do it better, please be my guest,” Smalls said of running ALU. “This is not an established union that’s been around, this a grassroots movement that’s going to have growing pains, and there’s a lot of uncharted water because it’s never been done before.”

    “Our expectations is insane,” he added. “People expect us to be moving like we’re an established union that’s been around for 100 years. That’s not the case, we’re as grassroots as they come.”

    When Heather Goodall and her colleagues started organizing at an Amazon warehouse in Albany, they met with representatives from multiple established unions, including the Teamsters, to discuss the effort. But ultimately, they decided to organize with ALU.

    In the grassroots group, Goodall initially saw a fighter. The union, founded by Smalls after he was fired from the Staten Island warehouse following his decision to lead a protest over pandemic working conditions, was the one group to actually “beat the billion-dollar bully,” as she put it to CNN last year. And the decision of the Albany workers to organize with ALU suggested Smalls’ group could extend its influence throughout Amazon’s sprawling network of warehouses.

    Instead, ALU lost the fight to unionize in Albany in October and tensions later boiled over between Goodall and Smalls, with the Albany organizer telling CNN she pushed back on Smalls’ pay, travel and leadership.

    “I told Christian, ‘We have a problem, you need to stop traveling, you need to focus on the workers,’” Goodall told CNN. “I wanted to protect the integrity of the ALU, so I kept it internal, but some of the challenges that I was arguing with him about started to really shake the foundation of the ALU.”

    Heather Goodall and Amazon Labor Union members rallied at the ALB1 Warehouse in Schodack ahead of their labor union election on October 10, 2022.

    Goodall said the tensions only increased in January, when she said she learned Smalls was earning a salary of $60,000 from the union, and as she questioned how much was being spent by the group to rent office space in New York City.

    “I started to realize that Christian had really convinced himself that he is the end-all and that’s not how a union is run,” Goodall said. “That was kind of the beginning of end.”

    Goodall said she was told to “get on board” and when she continued to raise concerns about union leadership, she said she was eventually removed from her role as chairperson for the ALB1 Amazon facility, and stopped receiving her $300 weekly paycheck from the union in early February.

    Smalls, for his part, did not directly address the claims about her removal when asked. “First of all, there is no infighting because they’re not in,” he said.

    Smalls said that “every union president in this country travels” and defended his salary as a fraction of what other union presidents earn. He said he sees his travel as important for getting young people excited and involved in the broader labor movement, saying, “I’m fighting for workers on a greater scale.”

    He also said he earns money from some of his public appearances, but added that, “I put my life on the line long enough,” after spending more than 300 days unemployed and at the bus stop across the street from the Staten Island facility trying to unionize it. “My speaking engagements is yeah, for my own personal well-being, I was out of a job from 2020 with no help, I have a lot of bills and a lot of debts that I accumulated that I need to get rid of.”

    And despite now rubbing shoulders with celebrities like Zendaya, appearing on Time’s list of the 100 most influential people and gracing the cover of New York magazine, Smalls insists the fame hasn’t changed him. “I’m still a worker who was fired three years ago during the pandemic,” he said. “I’m the same person who I was in 2020, I’ve always done as much as I can, I’m only one person and I can’t be at every place at every given time.”

    Chris Smalls in front of the Amazon LDJ5 fulfillment center in the Staten Island borough of New York, on Feb. 7, 2022.

    Even with her criticisms, Goodall echoed Smalls in calling the infighting at the organization “growing pains” for the budding union and said she is hopeful that ALU will soon make a “comeback.”

    “I don’t care about the money, I’m continuing everything that we’ve been doing,” Goodall said.

    “This can be a learning experience,” she added. “We are going to elect strong leadership and we are going to make this a historic movement going forward and make it about the workers.”

    The union’s stated goal is to fight for better pay, benefits and working conditions for warehouse staff. For ALU to prove itself now, it ultimately needs to be able to get Amazon to the bargaining table and secure its first contract for workers at the Staten Island facility — and show workers that it can win some negotiations with the e-commerce giant.

    “They’re under a lot of pressure,” said Kate Bronfenbrenner, the director of labor education research at Cornell University’s School of Industrial and Labor Relations, “because they went around talking about what a great victory they have. Then everybody says, ‘Okay, what’s next?’”

    Bronfenbrenner, who is also the co-director of the Worker Empowerment Research Project, an interdisciplinary network of labor market researchers, added that not having a first contract a year after an election is “not a big deal” for the union, as “only a third of a third of newly-organized workplaces” meet this milestone in that timeframe.

    “What’s different about this,” she said, is that Amazon is challenging not just ALU’s win but also the “legitimacy” of the National Labor Relations Board. The company has claimed the independent federal agency tasked with overseeing union elections exerted “inappropriate and undue influence” with the Staten Island effort. (The NLRB has pushed back at that claim.)

    An Amazon employee signs a labor union authorization for representation form outside the Amazon LDJ5 fulfillment center in the Staten Island borough of New York, on Monday, Feb. 7, 2022.

    Amazon, which has long said that it prefers working with employees directly versus through a union, has signaled it’s prepared to take its fight through higher courts. In remarks late last year at the New York Times DealBook conference, Amazon CEO Andy Jassy said, in his opinion, the legal battle with the union was “far from over with.” He added: “I think that it’s going to work its way through the NLRB, it’s probably unlikely the NLRB is going to rule against itself, and that has a real chance to end up in federal courts.”

    As Bronfenbrenner put it, “Amazon could stall it forever, and they know that.”

    The union was likely caught off-guard by the struggles that come after winning an election, Bronfenbrenner said. “They were very focused on the organizing, and not having had a lot of experience, they didn’t really think about the battle for a first contract.”

    Now, the public infighting only risks making it harder for ALU to accomplish its goals.

    “They have to resolve those differences, and go to the bargaining table as one united organization,” MIT’s Kochan said. “The longer those internal divisions persist and get publicity, the more emboldened Amazon is going to be to say, ‘See, they can’t even agree among themselves, and we don’t have to do anything, but sit on our hands and this thing is going to fail on its own accord.’”

    But ultimately, Kochan said he thinks it’s important to remember that the workers are fighting a system that is rigged against them.

    “I think the biggest lesson is our labor laws are so badly broken,” he said, “and it needs fundamental change so that we don’t frustrate workers who want to have a union and recognize the uphill battles they have to fight to get a first contract.”

    [ad_2]

    Source link

  • Actor Jonathan Majors is arrested on assault charge in New York, police say | CNN

    Actor Jonathan Majors is arrested on assault charge in New York, police say | CNN

    [ad_1]



    CNN
     — 

    Actor Jonathan Majors, who has recently starred in “Creed III” and “Ant-Man and the Wasp: Quantumania,” was arrested Saturday morning in an alleged domestic dispute, New York police say.

    Majors, 33, was taken into custody following a 911 call made from an apartment in the Chelsea neighborhood of Manhattan, according to a statement from the New York Police Department.

    “The victim informed police she was assaulted,” the statement said. The 30-year-old woman had “minor injuries to her head and neck,” police said.

    Majors faces charges of strangulation, assault and harassment, according to the NYPD.

    A spokesperson for Majors denied any wrongdoing by the actor.

    “He has done nothing wrong,” the spokesperson told CNN Saturday. “We look forward to clearing his name and clearing this up.”

    Majors is no longer in police custody, according to the NYPD Saturday night.

    [ad_2]

    Source link

  • House committee chairmen double down on Manhattan DA oversight efforts | CNN Politics

    House committee chairmen double down on Manhattan DA oversight efforts | CNN Politics

    [ad_1]


    Washington
    CNN
     — 

    The chairmen of three House committees sent a letter Saturday to the Manhattan district attorney leading the probe into Donald Trump, doubling down on their efforts to intervene in the hush money investigation ahead of possible criminal charges against the former president.

    The letter from the chairmen of the House Judiciary, Oversight and Administration committees to Manhattan District Attorney Alvin Bragg pushed back on his case against appearing for a transcribed interview with their panels and argued that they now feel compelled to consider whether Congress should take legislative action on three separate issues “to protect former and/or current Presidents from politically motivated prosecutions by state and local officials.”

    The letter – written by Republicans Jim Jordan, James Comer and Bryan Steil – comes after they initially called on Bragg earlier this week to testify before their committees and criticized his investigation into Trump as an “unprecedented abuse of prosecutorial authority.”

    Bragg is investigating Trump’s alleged role in a scheme to pay adult-film star Stormy Daniels before the 2016 presidential election to keep silent about an alleged affair with Trump a decade earlier. Trump has denied having an affair with Daniels.

    Bragg’s general counsel had initially responded on Thursday, telling the House committee leaders that they lacked a “legitimate basis for congressional inquiry” and noting that their requests for information “only came after Donald Trump created a false expectation that he would be arrested the next day and his lawyers reportedly urged you to intervene.”

    The chairmen claimed in Saturday’s letter that Bragg had not disputed “the central allegations at issue” — that his office is under “political pressure from left-wing activists and former prosecutors” and is “planning to use an alleged federal campaign finance violation, previously declined by federal prosecutors, as a vehicle to extend the statute of limitations on an otherwise misdemeanor offense and indict for the first time in history a former President of the United States.”

    They argued that the potential criminal indictment of a former president and 2024 presidential candidate “implicates substantial federal interests, particularly in a jurisdiction where trial-level judges also are popularly elected.”

    Bragg responded to the chairmen’s letter Saturday evening on Twitter, writing, “We evaluate cases in our jurisdiction based on the facts, the law, and the evidence. It is not appropriate for Congress to interfere with pending local investigations. This unprecedented inquiry by federal elected officials into an ongoing matter serves only to hinder, disrupt and undermine the legitimate work of our dedicated prosecutors. As always, we will continue to follow the facts and be guided by the rule of law in everything we do.”

    Going further than they have before, Jordan, Comer and Steil wrote in the letter that they may choose to consider three areas of legislation, including broadening “the preemption provision in the Federal Election Campaign Act,” adding that such a measure could “have the effect of better delineating the prosecutorial authorities of federal and local officials in this area and blocking the selective or politicized enforcement by state and local prosecutors of campaign finance restrictions pertaining to federal elections.”

    The second piece of legislation they may consider regards tying federal funds to improved metrics for public safety funds — a measure they say would be prompted by allegations that the Manhattan DA is using public safety funds for his investigation into Trump.

    They also may consider a measure overhauling the authorities of special counsels and better delineating their relationships with other prosecuting entities, they said, arguing that the circumstances of the Trump investigation “stem, in part, from Special Counsel Mueller’s investigation.”

    This story has been updated with a response from Manhattan District Attorney Alvin Bragg.

    [ad_2]

    Source link

  • Your Trump questions answered. Yes, he can still run for president if indicted | CNN Politics

    Your Trump questions answered. Yes, he can still run for president if indicted | CNN Politics

    [ad_1]

    A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here.



    CNN
     — 

    Could he still run for president? Why would the adult-film star case move before any of the ones about protecting democracy? How could you possibly find an impartial jury?

    What’s below are answers to some of the questions we’ve been getting – versions of these were emailed in by subscribers of the What Matters newsletter – about the possible indictment of former President Donald Trump.

    He’s involved in four different criminal investigations by three different levels of government – the Manhattan district attorney; the Fulton County, Georgia, district attorney; and the Department of Justice.

    These questions are mostly concerned with Manhattan DA Alvin Bragg’s potential indictment of Trump over a hush-money payment scheme, but many could apply to each investigation.

    The most-asked question is also the easiest to answer.

    Yes, absolutely.

    “Nothing stops Trump from running while indicted, or even convicted,” the University of California, Los Angeles law professor Richard Hasen told me in an email.

    The Constitution requires only three things of candidates. They must be:

    • A natural born citizen.
    • At least 35 years old.
    • A resident of the US for at least 14 years.

    As a political matter, it’s maybe more difficult for an indicted candidate, who could become a convicted criminal, to win votes. Trials don’t let candidates put their best foot forward. But it is not forbidden for them to run or be elected.

    There are a few asterisks both in the Constitution and the 14th and 22nd Amendments, none of which currently apply to Trump in the cases thought to be closest to formal indictment.

    Term limits. The 22nd Amendment forbids anyone who has twice been president (meaning twice been elected or served part of someone else’s term and then won his or her own) from running again. That doesn’t apply to Trump since he lost the 2020 election.

    Impeachment. If a person is impeached by the House and convicted by the Senate of high crimes and misdemeanors, he or she is removed from office and disqualified from serving again. Trump, although twice impeached by the House during his presidency, was also twice acquitted by the Senate.

    Disqualification. The 14th Amendment includes a “disqualification clause,” written specifically with an eye toward former Confederate soldiers.

    It reads:

    No person shall be a Senator or Representative in Congress, or elector of President and Vice-President, or hold any office, civil or military, under the United States, or under any state, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof.

    Potential charges in New York City with regard to the hush-money payment to an adult-film star have nothing to do with rebellion or insurrection. Nor do potential federal charges with regard to classified documents.

    Potential charges in Fulton County, Georgia, with regard to 2020 election meddling or at the federal level with regard to the January 6, 2021, insurrection could perhaps be construed by some as a form of insurrection. But that is an open question that would have to work its way through the courts. The 2024 election is fast approaching.

    If he was convicted of a felony – reminder, he has not yet even been charged – in New York, Trump would be barred from voting in his adoptive home state of Florida, at least until he had served out a potential sentence.

    First off, there’s no suggestion of any coordination between the Manhattan DA, the Department of Justice and the Fulton County DA.

    These are all separate investigations on separate issues moving at their own pace.

    The payment to the adult-film actress Stormy Daniels occurred years ago in 2016. Trump has argued the statute of limitations has run out. Lawyers could argue the clock stopped when Trump left New York to become president in 2017.

    It’s also not clear how exactly a state crime (falsifying business records) can be paired with a federal election crime to create a state felony. There are some very deep legal dives into this, like this one from Just Security. We will have to see what, if anything, Bragg adds if he does bring an indictment.

    Of the four known criminal investigations into Trump, falsifying business records with regard to the hush-money payment to an adult-film actress seems like the smallest of potatoes, especially since federal prosecutors decided not to charge him when he left office.

    His finances, subject of a long-running investigation, seem like a bigger deal. But the Manhattan DA decided not to criminally charge Trump with regard to tax crimes. Trump has been sued by the New York attorney general in civil court based on some of that evidence.

    Investigations in Georgia with regard to election meddling and by the Justice Department with regard to January 6 and his treatment of classified data also seem more consequential.

    But these cases are being pursued by different entities at different paces in different governments – New York City; Fulton County, Georgia; and the federal government.

    “I do think that the charges are much more serious against Trump related to the election,” Hasen said in his email. “But falsifying business records can also be a crime. (I’m more skeptical about combining that in a state court with a federal campaign finance violation.)”

    One federal law enforcement source told CNN’s John Miller over the weekend that Trump’s Secret Service detail is actively engaged with authorities in New York City about how this arrest process would work if Trump is ultimately indicted.

    It’s usually a routine process of fingerprinting, a mug shot and an arraignment. It would not likely be a public event and clearly his protective detail would move through the building with Trump.

    New York does not release most mug shots after a 2019 law intended to cut down on online extortion.

    As Trump is among the most divisive and now well-known Americans in history, it’s hard to believe there’s a big, impartial jury pool out there.

    The Sixth Amendment guarantees “the right to a speedy and public trial, by an impartial jury of the State and district wherein the crime shall have been committed.”

    Finding such a jury “won’t be easy given the intense passions on both sides that he engenders,” Hasen said.

    A Quinnipiac University poll conducted in March asked for registered voters’ opinion of Trump. Just 2% said they hadn’t heard enough about him to say.

    The New York State Unified Court System’s trial juror’s handbook explains the “voir dire” process by which jurors are selected. Those accepted by both the prosecution and defense as being free of “bias or personal knowledge that could hinder his or her ability to judge a case impartially” must take an oath to act fairly and impartially.

    We’re getting way ahead of ourselves. He hasn’t been indicted, much less tried or convicted. Any indictment, even for a Class E felony in New York, would be for the kind of nonviolent offense that would not lead to jail time for any defendant.

    “I don’t expect Trump to be put in jail if he is indicted for any of these charges,” Hasen said. “Jail time would only come if he were convicted and sentenced to jail time.”

    The idea that Trump would ever see the inside of a jail cell still seems completely far-fetched. Hasen said the Secret Service would have to arrange for his protection in jail. The logistics of that are mind-boggling. Would agents be placed into cells on either side of him? Would they dress as inmates or guards?

    Top officials accused of wrongdoing have historically found a way out of jail. Former President Richard Nixon got a preemptive pardon from his successor, Gerald Ford. Nixon’s previous vice president, Spiro Agnew, resigned after he was caught up in a corruption scandal. Agnew made a plea deal and avoided jail time. Aaron Burr, also a former vice president, narrowly escaped a treason conviction. But then he left the country.

    That remains to be seen. Jonathan Wackrow, a former Secret Service agent and current global head of security for Teneo, said on CNN on Monday that agents are taking a back seat – to the New York Police Department and New York State court officers who are in charge of maintaining order and safety, and to the FBI, which looks for potential acts of violence by extremists.

    The Secret Service, far from coordinating the event as they might normally, are “in a protective mode,” Wackrow said.

    “They are viewing this as really an administrative movement where they have to protect Donald Trump from point A to point B, let him do his business before the court, and leave. They are not playing that active role that we typically see them in.”

    The New York Times published a report based on anonymous sources close to Trump on Tuesday that suggested he is, either out of bravado or genuine delight, relishing the idea of having to endure a “perp walk” in New York City. The “perp walk,” by the way, is the public march of a perpetrator into a police office for processing.

    “He has repeatedly tried to show that he is not experiencing shame or hiding in any way, and I think you’re going to see that,” the Times reporter and CNN political analyst Maggie Haberman said on the network on Tuesday night.

    “I do think there’s a part of him that does view this as a political asset,” said Marc Short, the former chief of staff to former Vice President Mike Pence, during an appearance on CNN on Wednesday. “Because he can use it to paint the other, more serious legal jeopardy he faces either in Georgia or the Department of Justice, as they’re politically motivated.”

    But Short argued voters will tire of the baggage Trump is carrying, particularly if he faces additional potential indictments in the federal and Georgia investigations.

    [ad_2]

    Source link

  • DeSantis needles Trump as he breaks silence on hush money case | CNN Politics

    DeSantis needles Trump as he breaks silence on hush money case | CNN Politics

    [ad_1]



    CNN
     — 

    Breaking his silence on Donald Trump’s legal troubles, Florida Gov. Ron DeSantis on Monday criticized the Manhattan district attorney who is pursuing charges against the former president and vowed his office would not be involved if the matter trickles into Trump’s adopted home state.

    But DeSantis, a rising rival for the 2024 Republican presidential nomination, stopped well short of offering support for the former president and instead seemed to poke fun at the situation Trump has found himself in as he attempts a political comeback and a third campaign for the White House. A grand jury is in the final stages of determining whether Trump should face charges over an alleged payment to adult film star Stormy Daniels related to a supposed affair.

    “I don’t know what goes into paying hush money to a porn star to secure silence over some type of alleged affair,” DeSantis said as laughter broke out at a news conference in Panama City, Florida. “I just, I can’t speak to that.”

    DeSantis added: “I’ve got real issues to deal with here in the state of Florida.”

    The dismissive quips traveled quickly across the state to Mar-a-Lago, where Trump has decamped while he awaits for word on the New York grand jury’s findings. His allies immediately started attacking DeSantis across social media, suggesting he would face a political price for failing to recognize Republicans are rallying around Trump amid his mounting legal threats.

    Trump responded in a statement posted to his social media site, Truth Social, leveling a series of personal attacks against DeSantis.

    “Ron DeSanctimonious will probably find out about FALSE ACCUSATIONS & FAKE STORIES sometime in the future, as he gets older, wiser, and better known, when he’s unfairly and illegally attacked by a woman, even classmates that are ‘underage’ (or possibly a man!). I’m sure he will want to fight these misfits just like I do!” Trump wrote.

    As part of the post Trump also shared a photo that suggested DeSantis had behaved inappropriately with teenage girls while teaching history in Georgia in his early 20s, an image the former president previously shared on social media to go after the Florida governor.

    The episode Monday was illustrative of the increasingly fraught rivalry between two of the GOP’s biggest stars as they battle for party supremacy — one made more awkward by their proximity inside the Sunshine State. Trump has suggested his arrest is forthcoming, and if he is in Florida at that moment, it could require a coordinated effort by police in DeSantis’ state.

    DeSantis said he is not aware of any arrangements with local law enforcement regarding Trump, and he said he had “no interest in getting involved in some type of manufactured circus.”

    The delayed remarks by DeSantis stand in stark contrast to the forceful defense he offered on Trump’s behalf last August when federal authorities seized documents from the former president’s Palm Beach estate. Just hours after the raid, DeSantis on Twitter called the FBI search at Mar-a-Lago “another escalation in the weaponization of federal agencies against the regime’s political opponents, while people like Hunter Biden get treated with kid gloves.”

    But there was no such tweet this time from DeSantis, who had remained quiet for days amid reports that a New York grand jury was interviewing witnesses and has largely avoided discussing Trump at all amid escalating attacks from the former president and his allies. DeSantis instead last week held events focused on relief for Hurricane Ian victims and the pandemic. He posted a picture from the World Baseball Classic picture standing next to the Miami Marlins mascot.

    Over the weekend, as other Republicans criticized Manhattan District Attorney Alvin Bragg, a Democrat, for pursuing charges in a case that dates back to the 2016 election, Trump allies engaged in a coordinated pressure campaign to get DeSantis to speak out in defense of the former president.

    “Thank you, Vice President @Mike_Pence and @VivekGRamaswamy, for pointing out how Radical Left Democrats are trying to divide our Country in the name of Partisan Politics,” Trump campaigdn adviser Jason Miller wrote on Twitter. “Radio silence from Gov. @RonDeSantisFL and Amb. @NikkiHaley.”

    Trump’s son, Donald Trump Jr., wrote in a tweet on Sunday: “Pay attention to which Republicans spoke out against this corrupt BS immediately and who sat on their hands and waited to see which way the wind was blowing.”

    MAGA, Inc sent several emails tracking which Republicans had commented on the potential criminal charges and hitting DeSantis for “remaining silent.” Trump allies acknowledged that this was a concerted effort to force DeSantis to weigh in on the matter, believing that he would have to offer support to Trump.

    When DeSantis finally weighed in Monday, it came during an unrelated press conference about central bank digital currencies, a recent area of concern among some conservatives but hardly the topic of the day, given the revelations about Trump’s legal case. He didn’t address Trump’s legal situation until asked by an individual from the Florida Standard, a conservative website friendly to DeSantis.

    DeSantis echoed other criticism of Bragg, accusing the Democrat of seeking charges against Trump for political reasons. He compared Bragg to the local state attorney in Tampa, Andrew Warren, who DeSantis controversially removed from office last year over his politics, and linked them both to George Soros, the Hungarian-born billionaire and progressive donor often at the center of conservative conspiracies.

    “If you have a prosecutor who is ignoring crimes happening every single day in his jurisdiction, and he chooses to go back many, many years ago to try to use something about porn star hush money payments, you know, that’s an example of pursuing a political agenda and weaponizing the office, and I think that that’s fundamentally wrong,” DeSantis said.

    But DeSantis also seemed to downplay Bragg’s pursuit of Trump as a lesser concern compared to issues related to crime in the city.

    “That’s bad, but the real victims are ordinary New Yorkers, ordinary Americans in all these different jurisdictions that they get victimized every day because of the reckless political agenda that the Soros DAs bring to their job,” he said. “They ignore crime and they empower criminals.”

    Haley weighed in later Monday, saying a prosecution of Trump would be “for political points.” The former South Carolina governor, who announced her White House campaign last month, told Fox News’ Bret Baier, “And I think what we know is that when you get into political prosecutions like this, it’s more about revenge than it is about justice.”

    “I think the country would be better off talking about things that the American public cares about than to sit there and have to deal with some revenge by some political people in New York,” added Haley, who served as ambassador to the United Nations under Trump.

    This story has been updated with additional information.

    [ad_2]

    Source link

  • Silicon Valley Bank left a void that won’t easily be filled | CNN Business

    Silicon Valley Bank left a void that won’t easily be filled | CNN Business

    [ad_1]

    A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.


    New York
    CNN
     — 

    It’s difficult to overstate the influence that Silicon Valley Bank had over the startup world and the ripple effect its collapse this month had on the global tech sector and banking system.

    While SVB was largely known as a regional bank to those outside of the tight-knit venture capital sphere, within certain circles it had become an integral part of the community – a bank that managed the idiosyncrasies of the tech world and helped pave the way for the Silicon Valley-based boom that has consumed much of the economy over the past three decades.

    SVB’s collapse was the largest bank failure since the 2008 financial crisis: It was the 16th largest bank in the country, holding about $342 billion in client funds and $74 billion in loans.

    At the time of its collapse, about half of all US venture-backed technology and life science firms were banking with SVB. In total, it was the bank for about 2,500 venture firms including Andreessen Horowitz, Sequoia Capital, Bain Capital and Insight Partners.

    But the influence of SVB went beyond lending and banking – former CEO Gregory Becker sat on the boards of numerous tech advocacy groups in the Bay Area. He chaired the TechNet trade association and the Silicon Valley Leadership Group, was a director of the Federal Reserve Bank of San Francisco and served on the United States Department of Commerce’s Digital Economy Board of Advisors.

    There’s no doubt that the failure of Silicon Valley Bank left a large void in tech. The question is how that gap will be filled.

    To find out, Before the Bell spoke with Ahmad Thomas, president and CEO of the Silicon Valley Leadership Group. The influential advocacy group is working to convene its hundreds of member companies – including Amazon, Bank of America, BlackRock, Google, Microsoft and Meta – to discuss what happens next.

    This interview has been edited for length and clarity.

    Before the Bell: What’s the feeling on the ground with tech and VC leadership in Silicon Valley?

    Ahmad Thomas: Silicon Valley Bank has been a key part of our fabric here for four decades. SVB was truly a pillar of the community and the innovation economy. The absence of SVB – that void – and coalescing leaders to fill that void is where my energy is focused and that is not a small task.

    I would say there was a fairly high level of unease a few days ago, and I believe the swift steps taken by leaders in Washington have helped quell a fair amount of that unease, but looking at Credit Suisse and First Republic just over the last couple of days, clearly we are in a situation that is going to continue to develop in the weeks and months ahead.

    So how do you fill it?

    We’re working to be a voice around stability, particularly about the fundamentals of the innovation economy. We can acknowledge the void given the absence of Silicon Valley Bank, but I do think we need voices out there to be very clear in highlighting that the fundamentals and the innovation infrastructure remains robust here in Silicon Valley.

    This is a moment where I think people need to take a step back, let cooler heads prevail, and understand that there are opportunities both from an investment standpoint, a community engagement standpoint and corporate citizenship standpoint for new leaders in Silicon Valley to step up.

    Are you working to advocate for more permanent regulation in DC?

    It’s far too early for that. But if there are opportunities to enhance access to capital to entrepreneurs to founders of color or in marginalized communities and if there are opportunities to try and drive innovation and economic growth, we will always be at the table for those conversations.

    Do you have any ideas about how long this crisis will continue for? What’s your outlook?

    The problem is twofold: A crisis of confidence and the set of economic conditions on the ground. The economic conditions remain volatile for a variety of reasons: The softening economy, inflationary pressures and the interest rate environment. But I think right now we need to focus on stabilizing confidence in the investor community, in our business executive community and in the broader set of stakeholders around the strength of the innovation economy. That is something we need to shore up near term.

    From CNN’s Mark Thompson

    Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse (CS) in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.

    “UBS today announced the takeover of Credit Suisse,” the Swiss National Bank said in a statement. It said the rescue would “secure financial stability and protect the Swiss economy.”

    UBS is paying 3 billion Swiss francs ($3.25 billion) for Credit Suisse, about 60% less than the bank was worth when markets closed on Friday. Credit Suisse shareholders will be largely wiped out, receiving the equivalent of just 0.76 Swiss francs in UBS shares for stock that was worth 1.86 Swiss francs on Friday.

    Extraordinarily, the deal will not need the approval of shareholders after the Swiss government agreed to change the law to remove any uncertainty about the deal.

    Credit Suisse had been losing the trust of investors and customers for years. In 2022, it recorded its worst loss since the global financial crisis. But confidence collapsed last week after it acknowledged “material weakness” in its bookkeeping and as the demise of Silicon Valley Bank and Signature Bank spread fear about weaker institutions at a time when soaring interest rates have undermined the value of some financial assets.

    Read more here.

    From CNN’s David Goldman

    A week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank.

    On Monday, Signature Bank’s 40 branches will begin operating as Flagstar Bank. Signature customers won’t need to make any changes to do their banking Monday.

    New York Community Bank bought substantially all of Signature’s deposits and a total of $38.4 billion worth of the company’s assets. That includes $12.9 billion of Signature’s loans, which New York Community Bank purchased at a steep discount -— it paid just $2.7 billion for them. New York Community Bank also paid the FDIC stock that could be worth up to $300 million.

    At the end of last year, Signature had more than $110 billion worth of assets, including $88.6 billion of deposits, showing how the run against the bank two weeks ago led to a massive decline in deposits.

    Not included in the transaction is about $60 billion in other assets, which will remain in the FDIC’s receivership. It also doesn’t include $4 billion in deposits from Signature’s digital bank business.

    Read more here.

    [ad_2]

    Source link

  • FDIC sells most of failed Signature Bank to Flagstar | CNN Business

    FDIC sells most of failed Signature Bank to Flagstar | CNN Business

    [ad_1]


    New York
    CNN
     — 

    A week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank.

    On Monday, Signature Bank’s 40 branches will begin operating as Flagstar Bank. Signature customers won’t need to make any changes to do their banking Monday.

    New York Community Bank bought substantially all of Signature’s deposits and a total of $38.4 billion worth of the company’s assets. That includes $12.9 billion of Signature’s loans, which New York Community Bank purchased at a steep discount -— it paid just $2.7 billion for them. New York Community Bank also paid the FDIC stock that could be worth up to $300 million.

    At the end of last year, Signature had more than $110 billion worth of assets, including $88.6 billion of deposits, showing how the run against the bank two weeks ago led to a massive decline in deposits.

    Not included in the transaction is about $60 billion in other assets, which will remain in the FDIC’s receivership. It also doesn’t include $4 billion in deposits from Signature’s digital bank business.

    As the banking crisis spreads, banks have grown increasingly wary of taking on risk. That’s likely why New York Community Bank was unwilling to take on all Signature’s assets.

    “We are unsurprised the FDIC retained loans as we would expect banks to be cautious on quickly buying loans without liability and loss protections,” said Jaret Seiberg, analyst at TD Cowan. “More broadly, we see it as positive for consumer confidence for the branches to be opening Monday as NYCB branches.”

    The FDIC said Sunday it expects to sell off those assets over time, and the total cost to the government will ultimately be about $2.5 billion.

    [ad_2]

    Source link

  • Manhattan DA says his office won’t tolerate ‘attempts to intimidate’ following Trump posts | CNN Politics

    Manhattan DA says his office won’t tolerate ‘attempts to intimidate’ following Trump posts | CNN Politics

    [ad_1]



    CNN
     — 

    Manhattan district attorney Alvin Bragg said in an email to staff on Saturday that his office will “not tolerate attempts to intimidate our office or threaten the rule of law in New York.”

    The email was sent after former President Donald Trump posted on social media that he expects to be arrested in connection with the ongoing investigation by New York prosecutors into a hush money scheme involving adult film actress Stormy Daniels and called on his supporters to protest any such move.

    Bragg said his office is coordinating with the New York City Police Department and the court to “ensure that any specific or credible threats against the office will be fully investigated and that the proper safeguards are in place so all 1,600 of us have a secure work environment,” according to the email, which was first obtained by Politico.

    Manhattan district attorney spokesperson Danielle Filson confirmed the contents of the email to CNN but would not provide further comment.

    The district attorney added that his office “will continue to apply the law evenly and fairly, and speak publicly only when appropriate,” as he said they do with all investigations.

    CNN’s John Miller reported Friday that meetings have been going on taking place among city, state and federal law enforcement agencies in New York City about security preparations for a possible indictment of Trump.

    National Security Council communications coordinator John Kirby said Sunday the White House is closely watching the situation but said he wasn’t aware of any White House preparations for protests or major activity in the wake of Trump’s posts.

    “We’re always monitoring the situation here as best we can,” Kirby told Fox News Sunday “And we obviously don’t want to see any activity grow violent, certainly nothing to the extent that we saw on January 6. But we’re watching this, we’ll watch it, of course, closely.”

    This story has been updated with additional information.

    [ad_2]

    Source link

  • A New York man was arrested after allegedly threatening a shooting at Tops Friendly Markets in a social media post | CNN

    A New York man was arrested after allegedly threatening a shooting at Tops Friendly Markets in a social media post | CNN

    [ad_1]



    CNN
     — 

    A 20-year-old man from Upstate New York has been charged with making a terroristic threat after threatening to carry out a shooting at the Tops Friendly Markets in Manlius, New York, in a Discord post, according to court documents and local police.

    Police responded to a call Saturday from the manager of the Tops in Manlius – a village in Onondaga County – who said that the store got phone calls from two different people expressing their concern over statements made by a Discord user saying he was going to harm shoppers at their supermarket, according to court documents obtained by CNN affiliate WSTM.

    The two witnesses who called the supermarket reported that the threatening remarks on Discord – which included a racist reference – came from a 20-year-old man named Zachary who lives in the Manlius area and whose father recently died, according to the documents.

    Police investigated the posts and identified the user as Zachary Mullen of Jamesville, according to a statement from the Town of Manlius Police Department.

    Law enforcement arrested Mullen on Saturday for making a terroristic threat and, when conducting a search of his home afterward, found guns and ammunition, according to the police statement.

    A judge also issued an Extreme Risk Protection Order against Mullen on Sunday, which allowed authorities to seize at least two firearms from his home.

    CNN was unable to identify an attorney for Mullen.

    “There were some racist overtones to the posts made by Mr. Mullen and as of this moment we’re still trying to connect the dots as to why he picked the Tops in Manlius, but certainly the location of the store, the name of the store, the racist natures of the post, would cause anyone pause, that this may have been far more dastardly than it even looks on the surface,” Onondaga County District Attorney Bill Fitzpatrick told WSTM.

    Discord is the same social media site that a convicted mass shooter posted on before killing 10 people at a Tops Friendly Markets in Buffalo.

    Law enforcement officials verified that Mullen’s father, who they say was an avid hunter, had died a few days prior to Mullen’s posts on Discord and that he was grieving, according to the affidavit.

    Mullen, who lives with his mother, is not currently in jail, according to the county district attorney.

    “Unfortunately, he’s out on what’s known as pre-trial release because we live in New York and that’s the nature of Bail reform in New York. Incredibly enough he is out so if he has secret access to a gun, God forbid, that’s something we just don’t know but we’ll certainly be monitoring him as much as we can,” Fitzpatrick said in a statement to WSTM.

    [ad_2]

    Source link