Party Debt – Glw Drk http://glwdrk.com/ Tue, 05 Jul 2022 21:22:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://glwdrk.com/wp-content/uploads/2021/07/icon-1-150x150.png Party Debt – Glw Drk http://glwdrk.com/ 32 32 Mitt Romney is in denial https://glwdrk.com/mitt-romney-is-in-denial/ Tue, 05 Jul 2022 21:19:36 +0000 https://glwdrk.com/mitt-romney-is-in-denial/ On the issue of illegal immigration, Romney accuses the liberals and the left of hiding their heads in the sand. “When TV news shows video after video of people crossing the country’s southern border illegally, many of us change channels,” he writes. But Romney conveniently ignores the fact that it’s the endemic nativism on the […]]]>

On the issue of illegal immigration, Romney accuses the liberals and the left of hiding their heads in the sand. “When TV news shows video after video of people crossing the country’s southern border illegally, many of us change channels,” he writes. But Romney conveniently ignores the fact that it’s the endemic nativism on the Republican side that has both driven the constant TV scare campaign of the still-running asylum seeker caravans and stalled immigration deals in the past. . Immigration reform bills have met with the same resistance on the same grounds – any path to citizenship is immediately denounced as an amnesty, even when included in deals with huge increases in citizenship measures. “border security”, as happened the most famous in 2014. Resistance also comes from the same quarters: Republicans, who will accept nothing less than a completely closed border as well as drastic restrictions on legal immigration. What Democrats are supposed to do about the GOP’s intractable position is anyone’s guess.

On the economy, Romney is even more adamant. Democratic Spending Drives Inflation Skyrocket: “As inflation rises and the national debt swells, progressive politicians are voting for ever more spending,” he writes. Apart from the fact that the causes of the current surge in inflation remain unclear – and that corporate greed and supply chain disruptions probably played as much of a role as pandemic-related spending – Romney is, once again, being deliberately dishonest.

For example, at no time does Romney call for the repeal of the Trump tax cuts he voted for in 2017, which triggered a frenzy of share buybacks while offering little more to the general public beyond worsening income inequality. In fact, he is not asking for any tax increase. It’s a particularly strange hole that Romney has dug for himself in the span of a few sentences: With one hand he extends an olive branch to the left in the form of an acknowledgment of the reality of change climatic. In the other, he withholds the means to deal with the reality he has just admitted – it is certain that the resolution of the crisis will involve rather robust spending increases and a change in economic priorities. Whether or not they are part of something like the Green New Deal, which Romney vehemently opposes (he referred to him in 2019 as “foolishness”) – is never mentioned. Nor is Romney filling the space with a new idea. Instead, by citing the national debt as the root cause of our problems, Romney is implying that he has an older idea in mind: austerity, most likely in the form of cuts to benefit programs. such as Medicare and Social Security — a long-time GOP dream.

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CFPB warns debt collectors about ‘pay-for-pay’ fees https://glwdrk.com/cfpb-warns-debt-collectors-about-pay-for-pay-fees/ Wed, 29 Jun 2022 20:07:00 +0000 https://glwdrk.com/cfpb-warns-debt-collectors-about-pay-for-pay-fees/ By Jon Hill (June 29, 2022, 4:07 p.m. EDT) – The Consumer Financial Protection Bureau decided Wednesday to limit the use of so-called convenience fees in the debt collection industry, issuing an advisory notice that debt collectors are generally prohibited from charging additional fees for payments made online or over the phone. The CFPB’s advisory […]]]>
By Jon Hill (June 29, 2022, 4:07 p.m. EDT) – The Consumer Financial Protection Bureau decided Wednesday to limit the use of so-called convenience fees in the debt collection industry, issuing an advisory notice that debt collectors are generally prohibited from charging additional fees for payments made online or over the phone.

The CFPB’s advisory opinion finds that such “payment for payment” charges violate the Fair Debt Collection Practices Act unless they are expressly authorized by the contractual wording of the debt to be collected or are otherwise specifically authorized by law.

“Federal law generally prohibits debt collectors from charging additional fees not authorized by the original loan,” said CFPB Director Rohit Chopra…

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Russia, dismissing default, tells investors to approach Western financial agents https://glwdrk.com/russia-dismissing-default-tells-investors-to-approach-western-financial-agents/ Mon, 27 Jun 2022 13:20:00 +0000 https://glwdrk.com/russia-dismissing-default-tells-investors-to-approach-western-financial-agents/ White House says Russia defaulted on foreign debt Kremlin, Finance Ministry deny default, say Euroclear blocked payments Russia will allow bondholders to convert rubles into currency and transfer abroad, bypassing the National Settlement Depository Bondholders must open a Russian bank account and deny any claim on Russia June 27 (Reuters) – Russia on Monday dismissed […]]]>
  • White House says Russia defaulted on foreign debt
  • Kremlin, Finance Ministry deny default, say Euroclear blocked payments
  • Russia will allow bondholders to convert rubles into currency and transfer abroad, bypassing the National Settlement Depository
  • Bondholders must open a Russian bank account and deny any claim on Russia

June 27 (Reuters) – Russia on Monday dismissed claims that it had defaulted on its external debt for the first time in more than a century, telling investors to turn to Western financial agents for money that was sent but the bondholders did not receive.

The White House said on Monday that Russia had defaulted on its international obligations for the first time since the Bolshevik Revolution, as sweeping sanctions effectively cut the country off from the global financial system. Read more

Until last week, Russia continued to pay its foreign currency Eurobonds in accordance with the terms of issue, but its coupon transfers in dollars and euros made in May, before the expiration of a key waiver of the United States allowing such transactions, did not reach investors.

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“Declarations of default are absolutely unjustified,” Kremlin spokesman Dmitry Peskov said on a call with reporters on Monday, pointing to the May forex coupon payment.

“The fact that Euroclear withheld this money and did not bring it to the recipients is not our problem. There is absolutely no reason to label such a situation as a default.”

Euroclear did not immediately respond to a request for comment.

On Monday, the Finance Ministry said “the actions of foreign financial intermediaries are beyond the control of the Russian Finance Ministry”, asking foreign bondholders to speak directly to those withholding payments.

“The non-receipt of money by investors did not occur due to a lack of payment but due to actions of third parties and which is not directly stated as a default situation by the documentation of broadcast,” the ministry added.

A Russian 1 ruble coin is pictured in front of a monitor showing Saint Basil’s Cathedral and a tower of the Moscow Kremlin in this illustration taken June 24, 2022. REUTERS/Maxim Shemetov/Illustration

As the US waiver expired and the European Union sanctioned the National Settlement Depository (NSD), Russia’s version of Western clearing houses Euroclear and Clearstream, Moscow last week paid its next due foreign currency coupons in rubles. Read more

President Vladimir Putin ordered last week that debt obligations would be considered fulfilled once a ruble payment equal to the foreign currency amount owed was made. Bondholders would need to open an account in a Russian bank to receive payment.

Moscow would not block the conversion of the foreign currency payment and its transfer abroad, but investors would have to declare in writing that they have no claims against Russia, the ministry said. The banks have not yet been announced. Read more

‘FINANCIAL NUCLEAR BOMB’

The Group of Seven major Western powers banned transactions with Russia’s central bank and froze its assets held in their jurisdictions, worth around $300 billion, after Russia launched what it called a special military operation in Ukraine in February.

Some Western politicians have called for seizing frozen reserves to rebuild Ukraine – the idea that two senior Russian financial sources said were behind the default announcement and which Moscow sees as artificial. Read more

“By announcing a default, they can pretend that the sanctions are working. Economically, financially, the assets could be legally confiscated,” said one of the two sources.

Peskov reiterated on Monday that the reserves were blocked “illegally” and that any attempt to use them “would amount to outright theft”.

“I believe that a financial nuclear bomb was used against us, no country in the history of mankind has experienced such sanctions pressure as Russia now,” Alexei Moiseev, vice-president, said last week. Russian finance minister.

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Reuters reporting; Editing by Frank Jack Daniel

Our standards: The Thomson Reuters Trust Principles.

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Exxon wants a higher carbon tax: this fund would benefit https://glwdrk.com/exxon-wants-a-higher-carbon-tax-this-fund-would-benefit/ Sat, 25 Jun 2022 19:05:18 +0000 https://glwdrk.com/exxon-wants-a-higher-carbon-tax-this-fund-would-benefit/ JExxon Mobile CEO Darren Woods wants a higher carbon tax that would benefit his company and others working to create carbon capture technologies, reports CNBC. Woods sees direct air capture technologies as the ultimate emissions solution due to their ability to pull carbon out of the atmosphere, and Exxon estimates the market for this type […]]]>

JExxon Mobile CEO Darren Woods wants a higher carbon tax that would benefit his company and others working to create carbon capture technologies, reports CNBC.

Woods sees direct air capture technologies as the ultimate emissions solution due to their ability to pull carbon out of the atmosphere, and Exxon estimates the market for this type of technology solution will be around $4 trillion. by 2050.

The current carbon dioxide capture price is listed in the IRS tax code, as it is currently capped at $50 per ton captured and stored, while Exxon would like to see that figure above $100.

“If you can overcome some of those technology hurdles, reduce your costs, then you have technology that can solve that problem. [speaking of climate change] in a very profitable way,” Woods said in an interview with CNBC.

The KraneShares Global Carbon Offset Strategy ETF (KSET) is the first US-listed ETF offering investors exposure to the voluntary carbon markets and is structured to provide global coverage of the voluntary carbon markets by tracking carbon offset futures comprising global emissions offsets based on nature (N-GEO) as well as global emissions offsets (GEO) which are traded through CME Group.

Projects that can be found in voluntary carbon markets include traditional carbon capture approaches through reforestation and the like, as well as newer, technology-driven projects such as direct air capture that would benefit from this higher carbon tax.

N-GEOs adhere to the Verified Carbon Standard, which sets requirements for agriculture, forestry and other land use (AFOLU) projects. N-GEOs are also certified to the Verra Registry’s Climate Community and Biodiversity Standard, which selects projects that contribute to climate change goals, support local communities and smallholders, and work to protect and conserve. conservation of biodiversity. The GEOs comply with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) of the VCS, the American Carbon Registry or the Climate Action Reserve.

KSET is structured so that as new markets move, they are included in the fund and have an expense ratio of 0.79%.

For more news, insights and strategy visit the Climate News Channel.

Learn more at ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Hercules Capital completes two institutional debt financings, raising a total of $200.0 million to support continued growth https://glwdrk.com/hercules-capital-completes-two-institutional-debt-financings-raising-a-total-of-200-0-million-to-support-continued-growth/ Thu, 23 Jun 2022 20:10:00 +0000 https://glwdrk.com/hercules-capital-completes-two-institutional-debt-financings-raising-a-total-of-200-0-million-to-support-continued-growth/ PALO ALTO, Calif.–(BUSINESS WIRE)–Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) today announced the closing of two new debt financings for a total of $200.0 million. Hercules Capital Funding Trust 2022-1, a new indirect wholly-owned subsidiary of Hercules, issued $150.0 million of Class A Notes (the “Class A Notes”) and Hercules closed a private […]]]>

PALO ALTO, Calif.–(BUSINESS WIRE)–Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) today announced the closing of two new debt financings for a total of $200.0 million. Hercules Capital Funding Trust 2022-1, a new indirect wholly-owned subsidiary of Hercules, issued $150.0 million of Class A Notes (the “Class A Notes”) and Hercules closed a private institutional offering for an aggregate principal amount of $50.0 million. Notes due June 2025 (the “June Notes”).

The Class A Notes bear interest at a fixed rate of 4.95%. The Class A Notes have an expected maturity date of July 20, 2031 and an expected weighted average life of 3.1 years. Guggenheim Securities, LLC acted as arranger of the Class A Notes and Hercules is the sponsor, initiator and manager of the transaction.

The June Notes are unsecured and bear an interest rate of 6.00% per annum, payable semi-annually and will mature on June 23, 2025, and may be repaid in whole or in part at any time or from time to other at the option of the Company. at all times plus a bonus, if applicable. The June Notes were initially rated BBB+ by rating agency Kroll Bond. Goldman Sachs & Co. LLC was the sole placement agent for this offering.

About Hercules Capital, Inc.

Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured growth loans to innovative, high-growth venture capital-backed companies in a wide variety of technologies, life sciences and sustainable and renewable development. technological industries. Since its inception (December 2003), Hercules has committed over $14.0 billion to more than 570 companies and is the lender of choice for entrepreneurs and venture capitalists seeking growth capital financing . Companies interested in learning more about funding opportunities should contact info@htgc.com or call 650.289.3060.

Hercules, through its wholly owned subsidiary, Hercules Adviser LLC (“Hercules Adviser”), also operates an asset management business through which it manages investments for third parties (“Adviser Funds”) ). Hercules Adviser is registered as an investment adviser under the Investment Advisers Act of 1940.

Hercules common stock trades on the New York Stock Exchange (NYSE) under the symbol “HTGC”. In addition, Hercules has a retail bond issue of 6.25% Notes due 2033 (NYSE: HCXY).

Forward-looking statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that pursuant to Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to statements made in the periodic reports that we file under the Exchange Act.

The information disclosed in this press release is made as of the date hereof. There can be no assurance that the June Notes offering will close in June 2020 or at all. Actual events, including the issuance of the June Notes and the use of the proceeds of the offering of the February Notes and the June Notes, may differ from those described herein. These forward-looking statements are not guarantees of future events and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to limit, risks, uncertainties, including uncertainties surrounding current market volatility and other factors that the Company identifies from time to time in its filings with the SEC. Although Hercules believes that the assumptions on which these forward-looking statements are based are reasonable, each of these assumptions could prove to be incorrect and, consequently, forward-looking statements based on these assumptions could also be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and Hercules undertakes no obligation to update the forward-looking statements for subsequent events.

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Cypress Environmental Secures Approval for Ch. 11 Regime Debt Swap https://glwdrk.com/cypress-environmental-secures-approval-for-ch-11-regime-debt-swap/ Wed, 22 Jun 2022 00:04:00 +0000 https://glwdrk.com/cypress-environmental-secures-approval-for-ch-11-regime-debt-swap/ By Rick Archer (June 21, 2022, 8:04 p.m. EDT) – A Texas bankruptcy court judge on Tuesday approved the Chapter 11 plan for the energy industry inspection service of Cypress Environmental Partners, recently revised to free up more cash for unsecured creditors. US Bankruptcy Judge Marvin Isgur approved the plan in a hearing where he […]]]>
By Rick Archer (June 21, 2022, 8:04 p.m. EDT) – A Texas bankruptcy court judge on Tuesday approved the Chapter 11 plan for the energy industry inspection service of Cypress Environmental Partners, recently revised to free up more cash for unsecured creditors.

US Bankruptcy Judge Marvin Isgur approved the plan in a hearing where he was told all objections had been resolved or adjourned and the company’s new shareholders had agreed to help fund bankruptcy liquidation, instead of expenses arising from a fund for unsecured creditors.

The debtor and 17 affiliates filed their cases last month, saying they had the support of holders of…

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The political deadlock in France is a risk for Europe https://glwdrk.com/the-political-deadlock-in-france-is-a-risk-for-europe/ Mon, 20 Jun 2022 08:58:11 +0000 https://glwdrk.com/the-political-deadlock-in-france-is-a-risk-for-europe/ Placeholder while loading article actions Jupiter is no longer ascendant. The French elections brought a suspended parliament, stripping President Emmanuel Macron of his majority, his authority and his credibility as a centrist bulwark against the far right and the far left. The fragile coalitions at the heart of the euro zone’s second largest economy will […]]]>
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Jupiter is no longer ascendant. The French elections brought a suspended parliament, stripping President Emmanuel Macron of his majority, his authority and his credibility as a centrist bulwark against the far right and the far left. The fragile coalitions at the heart of the euro zone’s second largest economy will make governance difficult and reform more difficult.

And for a European Union seeking to bolster its defence, cut its energy ties with Russia and pursue closer integration, the risk now is that France will turn inward with little appetite for big change. .

The worse-than-expected vote share of Macron’s centrist alliance – 44 seats short of a majority – reflects growing frustration with his style of government and the health of the economy. Since defeating far-right nemesis Marine Le Pen in April’s presidential elections, Macron has kept his head under the parapet, cobbling together a technocratic government that is now dead in the water.

Against a backdrop of a shrinking economy and record inflation of 5%, Macron’s lightning rod policies (such as raising the retirement age to 65) gave the anti-Macron vote some punch. Jean-Luc Melenchon’s far-left NUPES alliance, along with other left-wing parties, struck a chord by calling for price controls and retirement at 60. jump in the seats.

Macron’s visit to Kyiv alongside Italian Mario Draghi and German Olaf Scholz did little to change his position. The vote was more like a demonstration of the compressed middle class of the economy, as Publicis president Maurice Levy describes it: One-third don’t vote, another third vote Mélenchon to protest, and another third more blue-collar workers vote Le Pen because he feels left behind.

At the same time, the absence of a single winner reflects the messy reality of post-Covid and post-Ukraine invasion politics. The French state has ballooned during the pandemic, with debt at 113% of gross domestic product and a budget deficit at 7%. Fiscal rectitude may not be in fashion, but Mélenchon’s call for additional annual spending of 250 billion euros has not won widespread confidence either.

In theory, this kind of blocking offers opportunities. With no other grouping capable of taking control, the way is open for Macron to strike a deal with center-right Republicans or work with other parties on a case-by-case basis. The violent protests during Macron’s first term showed the dangers of a weak opposition, and history shows that former presidents on the right and on the left were able to “cohabit” with political opponents when forced by the government. parliamentary arithmetic.

But in reality, there is a good chance that tightly knit alliances and coalitions will be stretched to the breaking point. There are as many parties as there are personalities, the economic outlook is bleak and the terrain of French centrism is increasingly narrow. Saxo Bank’s Christopher Dembik fears it looks more like Italy’s volatile politics than Germany’s search for consensus. The first test will be that of the planned measures to increase purchasing power which will be unveiled next month.

Speaking of Italy and Germany, Macron will need to do more outreach in Europe to achieve his goals if he is paralyzed at home. Domestic and foreign policy are different battlegrounds, but influence and leadership in Brussels overlap with economic credibility and the ability to legislate.

So while it’s a relief for Macron that Clément Beaune – his longtime ally and EU minister – managed to win a seat in parliament, it all seems a far cry from the pinnacle of power in Paris during Covid-19. , when he convinced Berlin to back down. – held taboos on closer integration.

The pressure on political incumbents isn’t just a French problem, of course: Spain’s Pedro Sanchez has been hit hard in the Andalusian election, while the UK faces its biggest railway strike in decades. decades.

Yet, where the test of Macron’s courage was once whether France could reform, now it will be whether France can govern itself. Take out Jupiter; enter Mars.

More from this writer and others on Bloomberg Opinion:

Wartime Brexit threats are doubly wrong: Lionel Laurent

Draghi bolsters Italy’s ‘soft underbelly’ reputation: Rachel Sanderson

In Germany, Scholz the Bold becomes Scholz the Smurf again: Andreas Kluth

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Lionel Laurent is a Bloomberg Opinion columnist covering digital currencies, the European Union and France. Previously, he was a reporter for Reuters and Forbes.

More stories like this are available at bloomberg.com/opinion

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Obituary of Wanda Lucille Shotwell Brown https://glwdrk.com/obituary-of-wanda-lucille-shotwell-brown/ Sat, 18 Jun 2022 15:05:57 +0000 https://glwdrk.com/obituary-of-wanda-lucille-shotwell-brown/ It is with deep sadness that our mother, Wanda Lucille Shotwell Brown, born May 17, 1932, passed away on Thursday, June 16, 2022. She was predeceased by her parents Claude and Erma Shotwell, her brother, Carl Shotwell, son – brother-in-law Wayne Grau and daughter-in-law, Ana Brown. She is survived by her seven children: John (Kelley), […]]]>

It is with deep sadness that our mother, Wanda Lucille Shotwell Brown, born May 17, 1932, passed away on Thursday, June 16, 2022. She was predeceased by her parents Claude and Erma Shotwell, her brother, Carl Shotwell, son – brother-in-law Wayne Grau and daughter-in-law, Ana Brown. She is survived by her seven children: John (Kelley), Sue Grau (Dave Burns), Jeff, Ken (Candy), Karen DeMartino (Ted), Wendy DelSanto (Mark) and Jerry (Dan Schmidt). She was the proud grandmother of 26, grandchildren and 6 great-grandchildren. Also survived are his sister, Janet (Paul) Kristunas, his brothers, Lloyd (Margaret) Shotwell, Earl (Doris) Shotwell, his sister-in-law Barbara Shotwell, his brothers-in-law Jerome (Ann) Brown and Gregory (Lisa) Brown, as well as many cousins, nieces and nephews and many dear friends. Mom lived her life to the fullest and gave with all she had. Mom loved unconditionally and forgave easily. She was a selfless woman who often put the needs of others ahead of her own. She was our sounding board; she listened and gave wise advice and was the calm of our storm, our rock. She loved spending time with her family and friends. For the past few years, she’s spent the July 4 holiday at her son Jerry’s home in Rochester, where the family would gather for a two- or three-day party. For 20 years, she ran her class lunches in Tunkhannock, Pennsylvania, always sending out newsletters afterward. Mom liked to write letters to keep in touch with family and friends from out of town. His grandchildren who served in the Armed Forces especially enjoyed receiving these letters. Mom has lived with her daughter Karen and her family for the past 30 years. Karen’s family did an amazing job making sure Mom had what she needed, especially last year when Mom started to weaken and needed more care. For this, the family is very grateful and will never be able to repay this debt. Mom leaves a legacy of patience and love. Her daughters often told her that if they could be half the mother she was, they would feel blessed. Although the past few weeks have been difficult, the family would like to thank the staff at Ideal Senior Living Center Rehab and Lourdes Hospital Seton 1. They were simply wonderful to work with and provided the best care for our mother. Funeral services will be held at 1:00 p.m., Friday, June 24, 2022 at DeMunn Funeral Home, 36 Conklin Avenue, Binghamton, New York. The family will receive friends from 10:00 a.m. until office time. Interment will be in South Eaton Cemetery, Tunkhannock, Pennsylvania. In lieu of flowers, please consider donating to a local food pantry. To convey your condolences, please visit www.demunn.com

Posted on June 18, 2022

Posted in Press & Sun-Newsletter

service information

Visitation

DeMunn Funeral Home, 36 Conklin Avenue, Binghamton

June 24, 2022 at 10:00 – 13:00

funeral service

DeMunn Funeral Home, 36 Conklin Avenue, Binghamton

June 24, 2022 at 1:00 p.m.

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McConnell’s gamble on gun safety – POLITICO https://glwdrk.com/mcconnells-gamble-on-gun-safety-politico/ Thu, 16 Jun 2022 08:30:00 +0000 https://glwdrk.com/mcconnells-gamble-on-gun-safety-politico/ “His problem was, ‘We need to be engaged in conversations. Usually we are not. This time we are,” said Sen. James Lankford (R-Okla.), who is undecided on the gun deal and may oppose it. “In this conversation, it seems to revolve more around this: ‘What do we both agree on? OK, let’s get to that. […]]]>

“His problem was, ‘We need to be engaged in conversations. Usually we are not. This time we are,” said Sen. James Lankford (R-Okla.), who is undecided on the gun deal and may oppose it. “In this conversation, it seems to revolve more around this: ‘What do we both agree on? OK, let’s get to that. It doesn’t offend me. In fact, I think it helps in the long run.

McConnell has voted with less than half of his conference members on other bipartisan bills, like China’s competitiveness legislation and the Biden White House-backed infrastructure package last year. His Republican allies say he has his eye on long-term goals – trying to help preserve the legislative filibuster, giving his own party cross-cutting achievements and ensuring his message remains focused on the upcoming election of mid-term.

But of all the topics on which McConnell has given ground, guns are by far the most controversial. Sen. Richard Shelby (R-Ala.) views McConnell’s endorsement of the framework as an endorsement “with a reservation.”

“He says [if] it stays in the frame. Well, that’s interesting,” Shelby said. “But that does not engage anyone else. Everyone has to vote, and I would be very skeptical of any of that. Because this could be the first big step, one of the big steps, towards eliminating gun rights.

Sen. John Cornyn (R-Texas), the party’s chief gun negotiator and former whip, said Wednesday he aims to have “more than 70” senators vote for any final package. But conservatives in the GOP conference are already questioning parts of the framework as well as the Senate’s preferred quick timeline for passing a bill.

Meanwhile, supporters of the gun safety deal worry that the longer negotiations drag on, the more likely infighting becomes. And many members of McConnell’s management team, including his two senior deputies, senses. John Thune (RS.D.) and John Barrasso (R-Wyo.), do not yet support the plan and say they need to see the text.

Sen. Deb Fischer (R-Neb.), a member of McConnell’s leadership team who raised concerns about the package in a private meeting Tuesday, took a libertarian view of McConnell’s role: He can do whatever he wants. I mean, everyone can do whatever they want. I don’t blame my colleagues.

McConnell also runs a conference where many members of the accord retire, allowing them to ignore the political consequences of certain votes. Of the 10 Republican senators who endorsed the bipartisan framework on Sunday, four will leave after this Congress. No GOP senator reelected this year has yet endorsed the framework.

Senators on both sides of the aisle expect the chamber to move quickly on gun legislation once the text is finalized. Some Republicans believe moving quickly could also be advantageous in preventing the subject from dominating the midterms.

Democrats, meanwhile, are unsure what to make of McConnell’s decision to engage in gun talks. After all, the Republican conference has always resisted gun reforms, and McConnell voted against the 2013 legislation of the senses. Joe Manchin (DW.Va.) and Pat Toomey (R-Pa.) to expand background checks. Sen. Chris Murphy (D-Conn.), his party’s chief negotiator, described the GOP leader’s green light on gun talks as “very intentional.”

“It was a pleasant surprise,” said Senate Majority Whip Dick Durbin (D-Ill.). “There is a political explanation and a human explanation. I don’t know which one is true. Maybe both.”

Still, no one is suggesting McConnell go limp or veer to center. He led Republicans to block Democrats’ electoral reform legislation, voted against the creation of a 9/11-style commission on January 6 despite the support of a handful of its members, and engaged in a months-long confrontation with Senate Majority Leader Chuck Schumer over the debt limit last year.

The next few days will determine how divided the GOP conference is on a gun package, if one actually comes to fruition. Senator Lindsey Graham (RS.C.) said McConnell currently reflects “where a lot of people are: ‘Sounds good, look at the details.’

Graham added that getting a majority of Republicans to support the eventual gun bill is “within the realm of possibility,” even if it’s an uphill battle.

Senate negotiators met Wednesday afternoon to iron out the legislative text of the deal. Before doing so, Cornyn expressed concern about the wording of two of the framework’s key provisions: grants to states to implement so-called red flag laws, which allow for the temporary confiscation of weapons from someone considered as a threat to themselves or others, and expanding gun restrictions for people who have abused their romantic partners.

This latter provision, known as the “escape boyfriend,” has long been a sticking point for the GOP. Additionally, several members of the Republican conference have due process issues related to the Red Flag laws.

And while McConnell supports negotiations, they aren’t exactly the focus of his day-to-day speeches. A day after endorsing the framework, he spoke Wednesday about the safety of federal judges and again hit out at Democrats for rising inflation.

“Three of the most fundamental duties that any government owes its citizens are stable prices, public safety and secure borders,” McConnell said. “Unfortunately for our country, the Democrats have stopped swaying.”

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How Congress plans to tackle ED as Rahul is scheduled to appear Monday https://glwdrk.com/how-congress-plans-to-tackle-ed-as-rahul-is-scheduled-to-appear-monday/ Sun, 12 Jun 2022 05:00:54 +0000 https://glwdrk.com/how-congress-plans-to-tackle-ed-as-rahul-is-scheduled-to-appear-monday/ The Enforcement Directorate summoned Congress leaders Rahul Gandhi on Monday and Sonia Gandhi on June 23. Congress decided to tackle DE politically and legally. On Sunday, the party will hold a press conference and senior party leaders will accompany Rahul Gandhi to the ED office. This was decided at a meeting of state officials, general […]]]>

The Enforcement Directorate summoned Congress leaders Rahul Gandhi on Monday and Sonia Gandhi on June 23. Congress decided to tackle DE politically and legally. On Sunday, the party will hold a press conference and senior party leaders will accompany Rahul Gandhi to the ED office.

This was decided at a meeting of state officials, general secretaries and state presidents on Thursday which was convened to prepare for the second stage of the Jan Jagran Abhiyan, an agitation program against inflation.

The party is mulling a suggestion that party MPs will also accompany former party chairman Rahul Gandhi to the law enforcement leadership office and many MPs have already written to the party for this. The party believes the agencies’ assault on Congress can only be seen as a political decision because the cases are politically motivated.

Acting Congresswoman Sonia Gandhi was scheduled to appear before the ED on Thursday, but due to her Covid infection she requested more time and the ED called her on June 23.

The case was filed against various congressional leaders, including the Gandhis, for allegedly embezzling funds from the National Herald.

Read | Congress will hold a “satyagraha” outside the offices of the Law Enforcement Directorate on June 13

Calling the ED convening a ‘revenge policy’, Congress leader Randeep Singh Surjewala had said: ‘It is a vendetta and revenge policy by the BJP to target opposition leaders as they have done against other opponents in the country”.

“The National Herald newspaper was started in 1942. At that time the British tried to shut it down, today the Modi government is also doing the same as the British. Now the ED is being used for this purpose. .”

Since there is no money involved in the case, congressional sources say the case was dismissed in 2015.

The AJL was incorporated as a limited company on November 20, 1937 under the Indian Companies Act 1913, for the purpose of publishing newspapers in different languages. He started publishing newspapers such as “National Herald” in English, “Navjivan” in Hindi and “Quami Awaz” in Urdu.

Publication of the newspapers was suspended several times due to financial difficulties and labor issues, and on April 2, 2008, the newspaper was closed.

The properties were allocated to carry out press activities and the publication of newspapers in different languages. However, he was also allowed to rent these properties for rent to meet his publishing activities, after the newspaper closed.

Congress leader Abhishek Manu Singhvi defended the Gandhis and said: “This is really a very strange case, an alleged case, a case of money laundering, for which summonses are issued with no money involved. I I haven’t yet heard of this absolute acrobatics in the imagination of creating subpoenas for money laundering allegations, when there is no money involved.”

Read | Nothing to hide from ED: Congress on call to Sonia, Rahul

Congress said the case is about Subramanian Swamy moving the court and from 2014 to 2015 ED did not see fit until today as they know they have no material to seek a summons to the President of the Congress or to the former President of the Congress.

The AJL has had many financial problems over the decades. The Congress party stepped in and over a period of time gave odd Rs 90 crores as financial support at different times. So AJL became an indebted company, an indebted company. AJL has converted its debt into equity.

“So this debt of Rs 90 crore has been assigned to a new company and you have to note, what a new company is, it’s called ‘Young India’, so AJL’s books have become debt free.” Young India” in turn, who received the debt, was a newly established company under a special provision of the Companies Act, Section 25, which has two very vital conditions and a non-profit company. He must be, by definition, by statute, by law and without dividends can be given to his shareholders and directors.So you cannot set up a company, where he and I are shareholders and we withdraw Rs 100, 50 each from the company , you can’t take a dime. That’s the nature of Section 25,” Singhvi said.

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