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Sunday, May 5, 2024

US Pushing G-7 To Accept Long-Term $50 Billion Aid Package For Ukraine

 As part of the latest in the Western allies' (some of them at least) controversial push to confiscate Russian sovereign assets and give them to Ukraine, the Biden administration is leading talks among G7 nations to commit to a new military aid package for Kiev worth up to $50 billion.

"Ideally, this is something we would like the entire G7 to participate in, be part of, not just have the United States doing it alone," US Treasury Secretary Janet Yellen told Bloomberg. She further confirmed that Group of Seven countries are currently "discussing" the plan.

The package would be funded from interest accrued via investments utilizing the some $300 billion in Russian assets currently frozen in Western banks. The bulk of the frozen funds are in European banks, and some EU leaders fear devastating backlash and global distrust in its banking system would be the end result.

These frozen assets within the European Union (some $280 billion) are currently said to generate about 5 billion euros ($5.3 billion) in windfall profits annually. 

According to more details via Bloomberg:

Some €159 billion of frozen Russian assets have generated net profit of €557 million ($601 million) from Feb. 15, according to Euroclear’s first quarter financial results. Since last year, the assets have generated about €3.9 billion in net profit.

Russian sovereign assets held by the company could grow to as much as €190 billion by 2028 as they mature into cash, one of the people said. 

The US is hoping that consensus agreement can be achieved for its plan by the time of the G7 June meeting in Italy, where it could be signed off on. Biden officials have recently floated concepts like "freedom bonds" to sell the idea among allies.

In response, the Kremlin has vowed to be "extremely tough" on "thieves" who appropriate what belongs to Russia. "Considering that our country has qualified this as theft, the attitude will be towards thieves," Foreign Ministry Spokeswoman Maria Zakharova earlier stated. "Not as political manipulators, not as overplayed technologists, but as thieves," she emphasized.

The Western allies have out of recent desperation over Ukraine's diminished ammo been getting creative, and seeking to find loopholes in order to free up extra funds that could be used in the war effort.

Which Russian assets are sanctioned and where are they held... (click image for bigger):

Via Financial Crime News

Britain has meanwhile been at the forefront of countries arguing that the total of all underlying Russian assets should be fully confiscated and used for Ukraine.

"Our view is simple: One day, Russia will have to pay reparations and it doesn’t make sense to wait for those reparations. It makes better sense to use the frozen assets and to make that money available now," UK Foreign Secretary David Cameron said in March. The UK has since stuck by the position, also jumping on board with Washington's ambitious asset seizure plan.

https://www.zerohedge.com/geopolitical/us-pushing-g-7-accept-long-term-50-billion-aid-package-ukraine

Hamas armed wing says it is responsible for Israel-Gaza border crossing attack

 The armed wing of Palestinian Islamist group Hamas claimed responsibility on Sunday for an attack on the Kerem Shalom crossing between Israel and Gaza, which Israeli and Palestinian media reports said had resulted in Israeli casualties.

Israel's military said 10 projectiles were launched from Rafah in southern Gaza towards the area of the crossing, which it said was now closed to aid trucks going into the coastal enclave. Other crossings remain open.

Hamas' armed wing said it fired rockets at an Israeli army base by the crossing, but did not confirm where it fired them from. Hamas media quoted a source close to the group as saying the commercial crossing was not the target.

More than a million Palestinians are sheltering in Rafah, near the border with Egypt.

Shortly after the Hamas attack, an Israeli airstrike hit a house in Rafah killing three people and wounding several, Palestinian medics said.

The Israeli military confirmed the counter-strike, saying it struck the launcher from which the Hamas projectiles were fired, as well as a nearby "military structure".

"The launches carried out by Hamas adjacent to the Rafah Crossing ... are a clear example of the terrorist organisation's systematic exploitation of humanitarian facilities and spaces, and their continued use of the Gazan civilian population as human shields," it said.

Hamas denies accusations it uses civilians as human shields.

Israel has vowed to enter the southern Gaza city and flush out Hamas forces there, but has faced mounting pressure to hold fire as the operation could derail fragile humanitarian efforts in Gaza and endanger many more lives.

Sunday's attack on the crossing came as hopes dimmed for ceasefire talks under way in Cairo.

The war began after Hamas stunned Israel with a cross-border raid on Oct. 7 in which 1,200 people were killed and 252 hostages taken, according to Israeli tallies.

More than 34,600 Palestinians have been killed, 29 of them in the past 24 hours, and more than 77,000 have been wounded in Israel's assault, according to Gaza's health ministry.

https://www.yahoo.com/news/hamas-claims-responsibility-attack-israel-120541105.html

5 Major SCOTUS Decisions Expected This Summer

 Every June, legal analysts, political pundits, and Court watchers brace for what has become one of the most significant—and oftentimes nerve-wracking—annual political events: the yearly release of long-awaited Supreme Court opinions.

The Court already made an early splash this term in March with its historic 9-0 ruling that Colorado does not have the constitutional authority to unilaterally remove Donald Trump from its state primary ballots. In just a few weeks, the justices are expected to hand down more noteworthy decisions that could have significant implications on American politics, the November presidential election, and the future of the law itself.

Here are five cases to follow.

1. Loper Bright Enterprises V. Raimondo

At the beginning of the Court’s term last fall, many legal conservatives initially considered Loper Bright Enterprises v. Raimondo to be the highest-profile case on the Court’s docket this year.

In Loper, the Court will decide whether to revisit the doctrine of so-called “Chevron deference.” That legal precedent holds that federal judges must defer to executive agencies’ interpretation of the law — thereby handing unelected bureaucrats the power to essentially make law by deciding what the law means.

The specific case concerns a group of family-owned fisheries who challenged a regulation enforced by the National Marine Fisheries Service, which, according to the Heritage Foundation, “required them not only to carry a person serving as a monitor on their fishing boats to ensure compliance with federal fishing regulations, but also to pay the salaries of the monitors they carry”—even though no such regulations are enumerated in statutory law.

Following oral arguments in the case in January, SCOTUSblog reported that a “majority of the justices seemed ready to jettison the [Chevron] doctrine or at the very least significantly limit it.”

The Court’s ruling in this case could yield significant consequences for the future of the administrative state and its ever-increasing role in our national political life.

2. Murthy V. Missouri

In Murthy v. Missouri—one of several cases the Court is considering this term that relate to social media censorship and content regulation—the justices will decide whether federal government requests for social media companies to regulate so-called “misinformation” qualifies as state action and deprives American citizens of their First Amendment rights.

The case stems from the Biden administration’s 2021 efforts to pressure social media companies to remove online content that challenged the government’s narrative on COVID-19. The administration’s apparent censorship campaign prompted state-level challenges in Missouri and Louisiana on the basis that such actions violated users’ First Amendment right to free speech.

Following the March oral arguments in this case, a majority of the justices reportedly appeared poised to side with the Biden administration. This could empower the White House to embark on a similar censorship campaign in conjunction with social media companies in the months leading up to the presidential election.

In response to the oral arguments in this case, Heritage Foundation scholar Daniel Cochrane noted that “Big Tech’s vast unchecked power over what we see and say online must be addressed.” He continued: “As the 2024 election approaches, courts and policymakers must act to prevent both Big Tech and big government from undermining differing political voices and ideas.”

3. City Of Grants Pass, Oregon V. Johnson

In April, the Court heard arguments in City of Grants Pass, Oregon v. Johnson, in which the justices will decide whether a city can ban homeless people from sleeping in public.

In 2022, the U.S. Court of Appeals for the Ninth Circuit ruled that the act of fining someone who does not have access to shelter for sleeping on public property violates the “cruel and unusual punishment” clause of the Eighth Amendment. But following the Court’s April 22 oral arguments, the justices seem prepared to reverse the lower court ruling.

According to The Daily Signal, Theane Evangelis, who argued on behalf of the City of Grand Pass, contended that “the 9th Circuit had ‘constitutionalized’ the responses of local governments that were trying to deal with a thorny public policy issue, adding that the appeals court had ‘tied the city’s hand.’”

Several of the justices—including Chief Justice John Roberts and Justice Brett Kavanaugh—appeared sympathetic to Evangelis’s argument, with Kavanaugh expressing his desire to “avoid the need for having to constitutionalize an area and have a federal judge superintend this rather than the local community.”

As American communities continue to deal with homeless encampments and their corresponding threats to public health and safety, the Court’s ruling could empower cities all across the nation to crack down on the homelessness crisis and restore the rule of law in America’s cities and suburbs.

4. FDA V. Alliance For Hippocratic MedicineMoyle V. United States, And Idaho V. United States

Two years after the High Court handed down Dobbs v. Jackson—the landmark case that overruled Roe v. Wade and empowered states to make their own laws regulating abortion—the justices once again stand on the precipice of handing down several major abortion decisions.

In FDA v. Alliance for Hippocratic Medicine, the Court heard arguments pertaining to access to mifepristone, a common abortion-inducing drug. According to SCOTUSblog, “a majority of the justices appeared ready to throw out the dispute over the FDA’s expansion of access to the drug in 2016 and 2021 because the challengers in the case—several individual doctors and groups of doctors who are opposed to abortion on religious or moral grounds—do not have a legal right to sue, known as standing.” In other words, if the Court rules as expected, the drug will likely remain available for the time being.

In Moyle v. United States and Idaho v. United States, the Court will decide whether a federal law requiring hospitals to provide “necessary stabilizing treatment” in emergency situations can be used to preempt state-level pro-life laws, and thereby mandate abortions in hospitals nationwide. Though the Court appeared relatively split during oral arguments, legal commentators have assessed that the Court seems as though it is prepared to side with Idaho, thereby allowing the Gem State—as well as other states—to enforce democratically enacted pro-life legislation.

5. Trump V. United States

Perhaps no Court case this term has commanded as much media attention, attracted as much political controversy, and raised more groundbreaking implications for constitutional law than Trump v. United States, in which the Supreme Court will decide whether presidents are legally immune from criminal charges based on official acts they took in office.

At the heart of this case is Jack Smith’s politically motivated indictment against Trump, which—without any basis in the law—seeks to criminally charge Trump for the events of January 6, 2021.

Trump’s attorney, John Sauer, told the Court that the “presidency as we know it” would change forever in the absence of presidential immunity—and would allow the president’s political rivals to criminally charge future Commanders-in-Chief for engaging in official presidential duties. Sauer raised, for instance, the possibility that Joe Biden could be charged with fomenting the border crisis, or that Barack Obama could be charged with launching drone strikes resulting in the death of American citizens.

Based on initial observations, Court watchers agree that the justices are likely to side with Trump on at least some aspects of presidential immunity—further raising the prospect that Trump’s Washington, D.C.-based trial could be postponed until after the November election, which would serve as both a massive tactical victory for the former president and a major institutional victory for the office of the presidency.

As Americans prepare for the end of the High Court’s term and await yet another summer of major decisions, a handful of significant legal, political, and electoral questions are at stake—and voters of every political stripe will be watching closely.

https://amac.us/newsline/society/five-major-scotus-decisions-expected-this-summer/

Anti-Israel Group Encouraged Columbia Protesters To Re-Create 'Summer of 2020'

 

The People’s Forum’s operations are made possible in large part by a $12 million donation from Goldman Sachs’s charitable arm.


A New York City nonprofit that received more than $12 million from Goldman Sachs' charitable arm encouraged anti-Israel activists to re-create the violent protests of  "the summer of 2020," just hours before rioters stormed and occupied a building on Columbia University’s campus.

More than 100 masked and keffiyeh-clad activists convened in the People’s Forum’s Manhattan office Monday evening to plan their next moves as anti-Israel protests reach a fever pitch across the country. The meeting, which was scheduled to start at 6:45 p.m., was delayed to give protesters from Columbia time to make it downtown.

Once the Columbia protesters arrived, People’s Forum executive director Manolo De Los Santos urged the group to "give Joe Biden a hot summer" and "make it untenable for the politics of usual to take place in this country." Los Santos praised Columbia students for "decid[ing] that resistance is more important than negotiations," and urged those assembled at the People’s Forum to "support our students so that the encampments can go for as long as they can."

Los Santos also ranted about the "Zionist" Columbia administrators who "want to be more like their masters in Israel."

The "Volunteer Meeting," which the Washington Free Beacon attended via Zoom, concluded at 9:30 p.m. following "break out sessions" that focused on organizing new methods of "resistance." A few hours later activists smashed the windows of Columbia’s Hamilton Hall and barricaded themselves inside.

No arrests were made. The People’s Forum did not respond to a request for comment over whether they were aware of any attendees who rioted at Columbia.

The People’s Forum, a registered charity that describes itself as "a movement incubator for working class and marginalized communities," has been a mainstay at anti-Israel protests since Hamas’s Oct. 7, 2023, attack on the Jewish state. A day after the attack, the People’s Forum organized a Times Square protest where attendees celebrated Hamas and waved posters with anti-Semitic slogans and imagery. One protestor waved a picture of a Nazi flag on his cellphone.

It is not clear who was or who was not a Columbia student at the People’s Forum meeting, although several had just returned from the campus. But Los Santos encouraged attendees to head back.

"The moment the call goes out, we have to go back out," he said. "We have to be the bodies willing to stand between the police and our students."

Columbia president Minouche Shafik effectively shut down the campus on Tuesday, barring anyone who is not a student or staff "who provide essential services" from stepping foot on its grounds.

The People’s Forum’s operations are made possible in large part by a $12 million donation from Goldman Sachs’s charitable arm. The source of that money is likely Neville Roy Singham, a communist who has "long admired Maoism."

Singham, an American businessman who lives in China, reportedly helps finance the Chinese Communist Party’s "propaganda worldwide," according to the New York Times. His wife, Jodie Evans, is the leader of the activist group Code Pink. Under her leadership, the group has celebrated China as "a defender of the oppressed and a model for economic growth without slavery or war."

"As with any donor advised fund, the prior donation was made with the client’s money, at the client’s direction," a Goldman Sachs spokesman told the Free Beacon. "This was not firm money."

Groups like the People’s Forum stand to lose their charity status if they are found to be party to riots and violent protests, experts told the Free Beacon. The IRS’s charity guidelines state that groups may lose their charity status if they engage in "planned activities that violate laws" or "induce the commission of crime." That could make it harder for the group to raise money, as its donors would no longer enjoy a tax benefit on their donations. It would also require the People’s Forum to pay taxes on any donations it receives.

When asked whether the People’s Forum would bail out protesters arrested on Columbia’s campus, one woman affiliated with the group told the Free Beacon bail was not a concern, given the city’s approach to the protesters.

"There has been no need for bail for the vast majority of those who have been arrested," the woman said, "because they’re just booked and released."

https://freebeacon.com/campus/anti-israel-group-encouraged-columbia-protesters-to-recreate-the-summer-of-2020-hours-before-students-stormed-a-building/

University Of California Now Discriminates Based On Parental Income, Education

 by James Breslo via The Epoch Times,

In 1996, Californians voted, 55 to 45 percent, to ban the use of affirmative action in admissions to state schools and in state employment. In 2020, Californians voted to maintain the ban by an even wider margin, 57 to 43 percent.

Last year, the United States Supreme Court struck down college affirmative action policies on the grounds they violate the Fourteenth Amendment’s Equal Protection Clause.

The clear message from the people and the Court is that admission should be based upon merit. But those running the University of California (UC) maintain their obsession with race and “diversity, equity, and inclusion” (DEI). They are undeterred in their mission to enforce equity via affirmative action. Rather than complying with the law and the will of the people, they search for loopholes to achieve the racial balancing they deem ideal for the shaping of society.

The most recent example comes from its San Diego campus (UCSD) which implemented a rule that discriminates against students whose parents make more than a certain amount of money or who went to college. It just so happens that this rule greatly advantages black and Latino students. In a nice side benefit for the administrators, it hurts Asians, who are already overrepresented at the UCs (as well as most universities, as addressed in the Supreme Court case, Students for Fair Admissions v. Harvard, which specifically addressed discrimination against Asian students.)

Beginning next year, certain “selective” majors (such as biology and most engineering degrees, including computer science) will have a special selection criteria at UCSD. “The selection criteria for entry to the major will consider academic achievement in the specified screening courses and will also be aligned with UC San Diego’s priorities of serving California residents, first-generation college students, and students from low-income families.” Thus, UCSD, without any direction from its constituents, has decided that it should prioritize students based on the status of their parents.

Here is how it works. There is a new point system “that awards one point each for having a 3.0 GPA or higher in the major screening courses; California residency; Pell Grant eligibility [i.e. parental income]; and first-generation college status.” Thus, half of the criteria is based upon the student’s parents. And since the majority of UC students are from California, and a 3.0 GPA is pretty easy, it really means that the primary determiner will be the status of the children’s parents.

The reason for the new policy is pretty obvious: It will advantage black and Latino students, and disadvantage white and Asian. It is unique, however, in that it is using old-school class warfare to achieve it.

Many have noted that the left has typically substituted race for class as a means of implementing socialism in the United States. Due to the U.S.’s strong middle class and upward mobility, class warfare has not worked as a means of implementing socialism here. But with courts striking down admissions policies based upon race, the left is now going back to old-fashioned class conflict. Will it work, or is it also illegal to discriminate based upon parental income or education?

If a court determines that the intent of the policy is to discriminate based upon race, then it will apply a “strict scrutiny” test to the policy. This is the standard the Supreme Court used in striking down affirmative action in the Harvard case. The UCSD policy, in fact, appears to be thinly disguised discrimination.

It is well-known that the average income of black and Hispanic people is below that of white and Asian, as is the percentage with a college degree. Thus, a court should hold the policy to the same standard as the ones struck down in the Harvard case. Justice John Roberts wrote that the Equal Protection Clause applies “without regard to any difference of race, of color, or of nationality” and thus must apply to every person. As such, “Eliminating racial discrimination means eliminating all of it,” adding that “For ‘[t]he guarantee of equal protection cannot mean one thing when applied to one individual and something else when applied to a person of another color.’”

It is interesting that the policy, for now, appears to only apply to currently enrolled students attempting to transfer into these majors, not upon admission. Perhaps recognizing that the policy will have a discriminatory effect and thus subject to challenge, UCSD limited it to leave open the argument that it is not denying anyone an education, simply the major of their choice. But this is unlikely to fly, considering that the two most important elements of a quality education is the school and the major. If you cannot get a degree in engineering, you cannot become an engineer, while a biology degree is the natural feeder to medical school.

The UCSD policy is not the first time the UC has attacked students based upon their parent’s income. It used the same rationale to dump the SAT test. It argued that the test benefits children from wealthier families who can afford SAT prep courses. They now rely exclusively on high school grade point averages to determine scholarly merit. This allows them to easily create the racial balance they desire. They treat all high schools the same, whether it be the best private high school or the worst public school. We know that finishing in the top ten percent of your school is much easier to do at a public school than a private one, but that does not matter to UC. Achieving the desired racial makeup is more important to them than the merit of the individual.

The UC faculty, through the “Academic Senate,” oversees the admissions process. It explained getting rid of the SAT test: “This decision, which is part of the ongoing effort by the university to advance educational opportunity and equity, was based on the view that these tests are biased because they systematically and unfairly reduce the likelihood that underrepresented and low-income high school students will be accepted to the university.”

I have lots of stories from friends whose children could not get into a single one of the nine UC campuses across the state, but were accepted by the University of Michigan and University of Wisconsin, two of the best public universities in the country. That’s a nice consolation prize, except for the price, which is about five times more due to out-of-state tuition.

It is really incredible and the height of arrogance that California’s preeminent public university continues to fight against the will of its people. The Academic Senate asserts that “as a state public institution, the UC is obliged to create a student body that is representative of the demographic profile of California.” UC has even placed a Vice Chancellor of Diversity, Equity & Inclusion, overseeing an entire department, at each campus to ensure this.

That sounds nice, the only problem is Californians have twice voted against it, and the discrimination required to achieve it is unconstitutional. But when you are on a cultish mission to create your utopian vision, those are minor inconveniences.

https://www.zerohedge.com/political/university-california-now-discriminates-based-parental-income-education

Who's Funding University Unrest?

 Via OpenTheBooks substack,

FOUR MIDDLE EAST COUNTRIES GAVE $10.3 BILLION TO U.S. COLLEGES & UNIVERSITIES

The civil unrest playing out at America’s elite universities continues to headline the news.

And OpenTheBooks is here to follow the money.

Previously, our reporting broke down the massive taxpayer subsidy of America's elite universities.

This week, we continued to highlight it in national media.

We found that foreign countries also are providing immense subsidy of the U.S. university.

In fact, more than $44 billion in FOREIGN gifts have been disclosed under the Higher Education Reporting Act since 1986.

Here's what Mark Tapscott, at PJ Media noted:

"If you aren't already familiar with OpenTheBooks, you are missing one of the crown jewels of the transparency in government movement...

The facts are front and center, including the reality that the total amount in checks written by the U.S. Treasury and sent to these elite campuses exceeds the income the schools receive in tuition payments."

Here are some media highlights from the week: 

Yesterday FOX News aired segments of my interview across daytime programming including FOX & Friends and Varney & Co.

Economist Larry Kudlow at FOX Business showcased our oversight of the elite universities on the air and in his column.

My interview on The National Desk by Sinclair Broadcast, owners of nearly 200 ABC, NBC, CBS, and FOX local stations across America, broke down all the numbers:

INTERVIEW: AMERICAN COLLEGES & UNIVERSITIES MUST BE UNABASHEDLY "AMERICAN!"

Here is just a sample of our findings: 

  • $10.3 billion given by Qatar ($5.2 billion), Saudi Arabia ($3 billion), United Arab Emeritus ($1.3 billion) and Kuwait ($800 million) dwarfed China who gave $2.8 billion.   

  • During the past 40 years $1 of every $4 of foreign gifts into U.S. colleges and universities flowed from these four countries.

  • Are these countries buying seats in our elite schools? Our auditors found millions of dollars in restricted gifts paying the tuition bills for their students.  

Columbia, Harvard, Yale and other elite universities are turning out graduates who believe that open antisemitism and the championing of terrorism are forms of "social justice."

Congress should convene hearings to preserve our top schools as unabashedly "American" institutions. 

https://www.zerohedge.com/political/whos-funding-university-unrest

Arizona high court reverses ruling against GOP on sanctions over 2020 election challenge

 The Arizona Supreme Court reversed a lower court ruling that put sanctions on the Arizona Republican Party, after the state spent time and money defending its 2020 election procedures.

The court ruled unanimously Thursday to overrule the trial court’s $27,000 in sanctions and Secretary of State office attorney fees.

“During times of social and political contention and strife, we must be mindful that our courts provide a means of resolving such conflicts when issues are legitimately presented,” Justice John Lopex wrote in the decision. “Even if done inadvertently and with the best of intentions, such sanctions present a real and present danger to the rule of law.”

The Arizona Republican Party said it is pleased with the court’s decision to reverse the sanctions. The group said in a statement that the ruling “reaffirms the fundamental legal principle that raising questions about the interpretation and application of election laws is a legitimate use of the judicial system, not a groundless or bad faith action.”

The state Republican Party filed a lawsuit alleging that Maricopa County, home to Phoenix and more than 4.5 million people, conducted a required hand-count of the accuracy of ballots in the 2020 election when it wasn’t necessary.

The hand-count counted ballots cast at centers open to all county voters, not precincts. The examination and post-election tests found that the voting machines were 100 percent accurate, The Associated Press reported.

No evidence of fraud or hacking of voting machines in the state’s election was found.

In 2021, a judge in Maricopa County ruled that the party’s lawsuit was “groundless” and ordered the GOP to pay more than $18,000 in legal fees. An appeals court rejected the party’s attempt to undo the judge’s ruling in 2023.

The state Supreme Court wrote in its decision that it was not overturning the dismissal of the case, but instead found that the lower courts should not have said the case was groundless.

The Arizona GOP’s claim was “not groundless and arguably was made in good faith,” the ruling said.

https://thehill.com/regulation/court-battles/4643039-arizona-high-court-reverses-state-gop-sanctions-election-challenge/