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Monday, July 15, 2024

Trump Fla. case dismissed after judge finds appointment special counsel Jack Smith violated Constitution

 In a stunning move, former President Donald Trump’s confidential documents case was tossed out by a federal judge in Florida on Monday — eliminating one of his biggest legal liabilities just 113 days before the Nov. 5 election.

Judge Aileen Cannon dismissed the case against the Republican presidential candidate, which was widely viewed as the most serious of four criminal cases he faces, on the grounds that the appointment of special counsel Jack Smith to the prosecution violated the Constitution.

“I am thrilled that a judge had the courage and wisdom to do this. This has big, big implications not just for this case but for other cases,” Trump told Fox News in an interview moments after the ruling.

“The special counsel worked with everybody to try to take me down. This is a big, big deal. It only makes the convention more positive — this will be an amazing week.”

Trump, 78, faced up to 450 years in prison if convicted on all counts in the case.

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The ex-president was accused of hoarding troves of confidential documents at his Mar-a-Lago home after he left office and then attempting to cover it up.

Cannon ruled that Congress was required to appoint “constitutional officers” and the legislature was also needed to approve spending for such a prosecution.

“That role cannot be usurped by the executive branch or diffused elsewhere — whether in this case or in another case, whether in times of heightened national need or not,” Cannon wrote.

The judge wrote that “Special Counsel Smith’s investigation has unlawfully drawn funds from the Indefinite Appropriation.”

“The Special Counsel’s office has spent tens of millions of dollars since November 2022, all drawn unconstitutionally from the Indefinite Appropriation,” Cannon wrote.

“For more than 18 months, Special Counsel Smith’s investigation and prosecution has been financed by substantial funds drawn from the Treasury without statutory authorization, and to try to rewrite history at this point seems near impossible. The Court has difficulty seeing how a remedy short of dismissal would cure this substantial separation-of-powers violation, but the answers are not entirely self-evident, and the caselaw is not well developed.”

The Trump-appointed federal judge cited Supreme Court Justice Clarence Thomas’ July 1 dissent in a ruling on presidential immunity, which suggested the special counsel appointment could be unconstitutional, in her decision.

Cannon seemed to indicate that the Department of Justice was free to appeal her ruling when she said she was leaving her decision up “for any applicable future review.”

Trump and his valet Walt Nauta were indicted in the classified records case in June 2023 following a dramatic FBI raid on his Mar-a-Lago resort in August 2022.

Smith also is the prosecutor in the second federal case against Trump for challenging the results of the 2020 election, meaning that Cannon’s ruling is likely to reverberate in the courts as Trump’s lawyers could seek to have the DC case tossed while pointing to Cannon’s decision.

That case is being overseen by federal Judge Tanya Chutkan in Washington, whom Trump has derided as biased against him.

Trump also faces state election charges in Georgia on election-related counts, though it is unclear when or if that case will go to trial due to defense challenges to the role of Fulton County District Attorney Fani Willis, an elected Democrat who previously hired her romantic partner Nathan Wade as lead prosecutor.

The ex-president was convicted in the final case against him on May 30 on 34 New York state charges for falsifying business records to conceal 2016 “hush money” payments. Trump has not yet been sentenced in that case and is vowing to appeal.

In a remarkable coincidence just hours before Cannon’s ruling, Trump told The Post’s Michael Goodwin that “we hear” that President Biden and the Justice Department — rather than the judge — would be dropping the case and additional federal charges related to the 2020 election after the failed assassination attempt against him on Saturday.

Politicians on both sides of the aisles sounded off about the surprise decision with Senate Majority Leader Chuck Schumer blasting it as “misguided” and House Speaker Mike Johnson lauding it as the “right result.”

“This breathtakingly misguided ruling flies in the face of long-accepted practice and repetitive judicial precedence. It is wrong on the law and must be appealed immediately,” Schumer said. “This is further evidence that Judge Cannon cannot handle this case impartially and must be reassigned.”

Neither the Department of Justice nor lawyers for Trump immediately returned requests for comment Monday.

https://nypost.com/2024/07/15/us-news/trumps-florida-case-stunningly-dismissed-after-judge-finds-appointment-of-special-counsel-jack-smith-violated-the-constitution/

Top Colleges’ Liquidity Pressured by Weak Private Equity Returns

 

  • Study finds Brown, Harvard, Princeton face more liquidity pain
  • Schools may need to tap new sources of cash for spending needs

Elite US universities have long been private equity trailblazers, plowing billions of dollars into the asset class.

But a chorus of industry leaders has declared an end to the era of easy profit, and that’s pressuring schools to more delicately balance their spending needs as returns on the asset class dwindle.

https://www.bloomberg.com/news/articles/2024-07-15/top-colleges-liquidity-pressured-by-weak-private-equity-returns

Rite Aid hit by cyberattack after third party impersonates worker at bankrupt drugstore chain

 Data hacked is from period running from June 2017 to July 2018

Rite Aid Corp. said Monday it is mailing letters to consumers who may have been affected by a recently uncovered hack that allowed a third party to access the personal information of some of its customers.

The drugstore chain (RADCQ), which filed for bankruptcy last October, said an unknown third party impersonated an employee on June 6 to gain access to certain systems.

"We detected the incident within 12 hours and immediately launched an investigation to terminate the unauthorized access, remediate affected systems and ascertain if any customer data was impacted," the company said.

It also reported the incident to law enforcement and to federal and state regulators.

The hacked data appears to be related to the purchase or attempted purchase of certain retail items. It included the purchaser's name, address, date of birth and driver's license number, or the number of other types of government ID that were presented at time of purchase, for purchases made between June 6, 2017, and July 30, 2018.

No Social Security numbers, financial or patient information was accessed, the company said.

Rite Aid is planning to implement heightened security measures to prevent future attacks. Consumers can call the company at 866-810-8094 with questions or concerns, the company said. The number will be open from 8 a.m. to 5:30 p.m. Central time, from Monday through Oct. 15.

The company is the latest to be hit in a recent flurry of hacks.

On Friday, telecommunications giant AT&T Inc. (T) disclosed a massive hack of customer calls and texts affecting nearly all of its wireless customers and users of its mobile virtual-network operations.

The company said hackers unlawfully accessed and copied logs containing records of customer calls and texts from the period from May 1 to Oct. 31, 2022, as well as on Jan. 2, 2023.

https://www.morningstar.com/news/marketwatch/20240715119/rite-aid-hit-by-cyberattack-after-third-party-impersonates-worker-at-bankrupt-drugstore-chain

Enveric Biosciences in Licensing Agreement

Enveric Biosciences (NASDAQ: ENVB) (“Enveric”), a biotechnology company dedicated to the development of novel neuroplastogens for the treatment of neuropsychiatric disorders, and Aries Science & Technology (“Aries”), a developer of encapsulation technologies, today announced a licensing agreement for the clinical development of Enveric’s patented radiation dermatitis topical product.

https://www.businesswire.com/news/home/20240715938433/en/

"Settle Our Differences At The Battle Box" - Biden Oval Office Speech Marred By Latest Huge Gaffe

Americans can't count on the Secret Service to secure a rooftop perch just 400 feet from Donald Trump's podium, but they can count on President Biden to deliver a huge verbal blunder every single time he's in a major spotlight

The latest proof came on Sunday evening, as Biden delivered a special address to the American people from the Resolute Desk in the Oval Office. It was just the third time in his term that he used that setting. It imparts the highest gravitas to a presidential message -- but only if the chief executive in question is capable of speaking even roughly verbatim the words that appear before him on a teleprompter. That is absolutely not the case with Joe Biden. 

Prompted by Saturday's stunning assassination attempt at a rally in Pennsylvania that nearly killed Trump while taking the life of a spectator and critically injuring two more, Biden's six-minute speech centered on a call for Americans to "lower the temperature in our politics." Here's a sampling: 

“We cannot, we must not, go down this road in America. There is no place in America for this kind of violence, for any violence, ever. Period. No exceptions. We can’t allow this violence to be normalized...Politics must never be a battlefield or, God forbid, a killing field.”

Then, like clockwork, came the inevitable major-league Biden malfunction. Instead of insisting that Americans settle their differences at the ballot box, Biden said political differences should be settled at the "battle box." He then paused in what seemed like recognition of his error, only to reiterate the idea and again seem to say "battle box." 

The flub was remarkable because it was the latest in a specific pattern in which Biden's brain serves up a word or phrase that's the opposite of what he's trying to convey. The chief example of that phenomenon was when, introducing Ukrainian President Zelensky, he introduced him as President Putin: 

A couple hours later -- at highly-anticipated, high-stakes press conference -- he told reporters, "I wouldn't have picked Vice President Trump to be (my) vice president did I think she's not qualified to be president":

Although Biden's remarks have faced close scrutiny since his train-wreck of a June 27 presidential debate put even low-info Americans on notice of his mental decline, virtually every media outlet on Sunday charitably quoted Biden as saying "ballot box." After more than two weeks of boosting the establishment coup that seeks to replace Biden on November ballots, maybe they thought that was their own contribution to "turning down the temperature." 

The "battle box" was far from Biden's only verbal stumble. For example, elsewhere in his remarks, he made a reference to "the former Trump" -- a Freudian wishful-thinking slip?   

We'd be remiss if we didn't underscore the towering hypocrisy of Biden admonishing Americans against using heated rhetoric: Biden has been at the forefront of a leftist campaign to turn up the temperature of American politics, by casting Trump as a unique danger to the country, one whose re-election could mean the 2024 election is our last. 

The closest Biden came to acknowledging any personal responsibility for the overheated political rhetoric was to say "we all have a responsibility" to "cool it down." That is to say, he came nowhere close. 

Biden's speech also contained a fluffy line clearly written by people with little grasp of the history of America's founding:

"You know, from the beginning, our founders understood the power of passion, so they created democracy. That gave reason and balance a chance to prevail over brute force." 

To the contrary, because they understood "the power of passion," the founders were extremely wary of democracy. In a pure democracy, passions can put political minorities in grave peril -- which is why the Constitution and Bill of Rights contain various safeguards against a "tyranny of the majority." The founders sought "reason and balance" by veering away from democracy and instead instituting a representative republic with a federal government whose powers were "few and defined."

As for the soaring passions of the present day, as Brian McGlinchey has explained at Stark Realities, they're in great part the result of the disintegration of the founders' safeguards:   

The intensity of our division springs from a federal government operating far beyond the limits of the Constitution — fueling a fight for control over powers that were never supposed to exist at the national level. To put it another way, if the federal government were confined to its actual granted authorities, federal elections would be of little interest to the general public, because the outcome would be largely irrelevant to their everyday lives.

Needless to say -- from weaponization of an FBI that isn't even authorized to exist to the use of unconstitutional regulatory agencies to target political adversaries -- Biden and other leftists zealously exploit those disintegrating safeguards to advance their decidedly un-American agenda. 

Meanwhile, though Biden's latest major gaffe underscores the sorry state of his faculties, social media is having a ball with it...