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Saturday, April 19, 2025

Adrienne Adams helped funnel over $3M taxpayer funds to Queens church, affiliated non-profits

 New York City Council boss and mayoral hopeful Adrienne Adams helped funnel millions of dollars to her Queens church and its affiliated non-profits — part of the powerful political machine of her close ally, ex-Rep. Floyd Flake.

During her time as speaker for the past three years the Council has funneled more than $3 million in taxpayer dough to organizations affiliated with the Greater Allen A.M.E. Cathedral in Jamaica, led by Flake and his wife M. Elaine Flake. Adams has been a member of the church for decades and owes her political career to the pastor and his huge, 23,000-member flock.

By contrast, in the 2018 budget, the last year before Adams became councilwoman in Flake’s Southeast Queens turf, the church and its affiliates took in just $86,423, records show.

Adrienne Adams has been a longtime member of Floyd Flake’s Greater Allen A.M.E. Church.Michael Nigro

The money spigot first opened in the budgets for 2020 and 2021, when Adams sprayed $105,000 from her office’s pot of allotted funds into the Allen Community Senior Citizens Center network, where M. Elaine Flake is board chair, records show.

After seizing the speaker’s gavel in 2022 — at a ceremony where M. Elaine Flake gave the invocation — groups linked to the church began receiving unprecedented sums of taxpayer cash, records show.

The dough — $959,275 in 2023; $937,275 in 2024; and $1,180,775 this fiscal year — went to programs and building and equipment upgrades at senior centers, housing developments, women’s and youth groups linked to Greater Allen, records show. 

Big winners were the Allen Senior Citizen Network, which Adams and her underlings in the Queens delegation awarded $907,800 in Council cash for assorted services and another $435,000 for new vehicles; and the Allen A.M.E. Housing Corp, which got $422,000 for an education initiative and $850,000 for building renovations.

Watchdogs noted cash out of the Council pots gets ladled out based on connections, not merit — and that Adams wields enormous influence over both the cash flows and her colleagues. Attempts at reforming the system have been mostly half-measures, they said.

The organization overseen by M. Elaine and Floyd Flake report large salaries for the pair, records show.Instagram/Elaine M Flake

“Funding can get awarded to people based on relationships, not because they provide the best services,” warned Rachael Fauss, senior policy advisor at the good government group Reinvent Albany. “The speaker has huge power over the discretionary funding process.”

The Flakes certainly haven’t taken a vow of poverty. Tax returns for the Allen A.M.E. Housing Corp report Flake’s wife’s compensation as $252,327 in connection with her role as president in 2022, the same year the Allen Community Senior Citizens Center put her payday as board chair at $336,297.

Federal filings show  Elaine Flake is also board chair at the Council-funded Allen Women’s Resource Center, which lists the same $336, 297 compensation, while documents submitted by the Allen A.M.E. Neighborhood Preservation and Development Corp. — also a beneficiary of taxpayer funds — report a $279,983 base salary plus a $76,799 bonus.

It’s unclear whether these compensation amounts overlap, or exactly how  Elaine Flake gets paid, or through what entity, since each group reports she receives her compensation from a “related organization.”

Flake’s son Harold also drew a $100,000 annual paycheck from Allen A.M.E. Housing Corp in 2022.

Greater Allen A.M.E. and its nonprofits did not respond to repeated requests for comment.

Adams showed her devotion to the Flakes in other ways too, sponsoring a bill in 2020 to rename the strip of Merrick Boulevard the cathedral sits on “Rev. Floyd H. Flake Way,” and in 2024 to declare the first Sunday in June “Flake Legacy Day” to honor the “spiritual, educational, civic, and economic contributions” of the duo, who beat a federal embezzlement and tax evasion rap in 1991.

Greater Allen A.M.E. congregation is 23,000-members.Riyad Hasan

Adams first emerged politically with a failed state Senate bid that got the power couple’s backing, and they helped propel her to City Hall in 2017. In an interview with NY1, Adams noted she even sent her children to the church’s Christian school.

She is the latest in a long line of pols the Flakes and Greater Allen have helped usher into power. Others include disgraced former State Senate Majority Leader Malcolm Smith, and Rep. Greg Meeks (D-Queens), who was named in 2011 by Citizens for Responsibility and Ethics in Washington as one of the most corrupt members of Congress.

Meeks has broken with the church’s political organization to back ex-Gov. Andrew Cuomo over Adams for mayor.

Following the failed federal case against the Flakes, the former congressman and his church coughed up almost $1 million in 1994 to settle a civil suit the Justice Department brought over the alleged misuse of D.C. funds allocated for senior housing, although neither Flake nor Greater Allen admitted wrongdoing.

The powerful pastor drew scrutiny again in 2010 when it surfaced he had a stake in the company the state contracted to operate slots at Aqueduct Race Track, prompting an investigation into a possible political quid pro quo.

lake ultimately pulled out of the arrangement, while all parties denied anything inappropriate had occurred.

Adams — who is polling around 5% in the Democratic primary – insisted there were no politics behind the funding decisions.

“Speaker Adams and other Queens Council members have allocated funding for Allen-affiliated programs that serve domestic violence victims, seniors, and youth in the neighborhoods of Southeast Queens,” a spokesman said. “Anything else or innuendo that suggests otherwise is irresponsible and without merit.”

https://nypost.com/2025/04/19/us-news/council-speaker-adrienne-adams-is-queens-preachers-golden-goose/

Dem Rep. Clyburn blames mainstream media for party’s cratering support

Rep. Jim Clyburn (D-SC) is blaming the mainstream media for the Democratic Party’s cratering national support.

In an interview Friday on MSNBC’s The Last Word, Clyburn claimed the media was distorting political narratives– and that Dems are losing ground not because of the exceedingly leftward tilt of their message – but because the press isn’t properly telling its story.

“I think the message coming from the Democratic Party is a good message,” Clyburn said.

Rep. Jim Clyburn blames the mainstream media for declining national support in the Democratic Party.MSNBC

“The problem we’ve got is that we have to depend upon the media to deliver it.”

Host Ali Velshi responded that there are “valid criticisms out there about the fact that there is not a cohesive message coming from the Democratic Party.”

“There were people who said the [2024] protest movement didn’t have the energy that it did after the 2016 election of Donald Trump,” he said.

But the desperate Dem rejected that assessment – instead accusing mainstream media of chasing clicks, with some “caving” to Trump’s influence.

Clyburn said he plans to hold a series of town halls outside his district in an effort to share his party’s message directly with voters.Getty Images
Biden embraces US Representative Jim Clyburn, Democrat of South Carolina, after Clyburn introduced him during the Bidens’ visit to the International African American Museum.AFP via Getty Images

“If we have The Washington Post, for instance, caving to this wannabe dictator and we’ve got other media entities that seem to rather push a narrative that will bring eyes to their newspapers or to their television sets and not really give a fair hearing or reporting to what we’re doing,” Clyburn whined.

The Democratic lawmaker said he plans to hold a series of town halls outside his district in an effort to share his party’s message directly with voters. “It’s going to be very coherent,” he said.

On MSNBC’s The Last Word, Clyburn claimed the media was distorting political narratives which led Democrats to lose ground because the press wasn’t properly addressing their agendas.MSNBC

“A little bit alarming, but something people will understand if they hear it.”

The veteran lawmaker reserved praise for uber left-leaning MSNBC and Velshi’s coverage, calling it one of the few platforms offering substance over spin.

“That’s why I like coming on your shows on the weekends,” he said.

Clyburn ended with a shot at outlets that, in his view, let lies spread unchecked.

“That’s what’s killing us as Democrats,” he said.

“We don’t have a stomach for just lying.”

The comments come as recent polls show the party underwater with voters. 

A CNN survey in March found 54 percent of Americans hold an unfavorable view of Democrats.

A similar poll from Harvard CAPS/Harris showed little improvement.

Trump has long assailed the leftward tilt taken by major TV, cable and print media outlets. 

The White House did not return a request for comment.

https://nypost.com/2025/04/19/us-news/democrat-rep-jim-clyburn-blames-mainstream-media-for-partys-cratering-support/

Eli Lilly CEO Ricks Warns Against Unintentionally Raising Prices as Weight-Loss Pill Nears Market

 Eli Lilly is getting closer to bringing a weight loss pill to market, but CEO David Ricks notes certain factors need to be considered to prevent prices from ballooning.

The Trump administration earlier in the month announced tariffs that threaten to push import costs higher for pharmaceutical companies in a bid to prompt them to move operating plants out of China and into the U.S.

Ricks in a Fox Business interview Friday said Eli Lilly understands the administration's goals. "Often to make a medicine, you're using materials from all over the world. It'll take time to readjust that supply chain. It's important, I think, that we don't raise the price of medicines unintentionally," he added.

The chief executive also said Eli Lilly needs more "starting materials" - the chemicals going into medicines such as oral treatments - that primarily come from China to be more widely available.

"In many cases, those are made only in China. We need the refined chemicals that we need made in more friendly places, including in the U.S.," said Ricks.

Ricks' comment highlights the fragile balance pharmaceutical companies face as a trade war between the U.S. and China ramps up. While Eli Lilly has a significant presence in the U.S., bringing its developing treatment to market will require stable business conditions.

The Indianapolis company on Thursday said its experimental pill met its goal in a pivotal study, helping diabetes patients lower blood sugar - and even reduce weight, bringing an oral version of the blooming class of drugs closer to patients seeking to lose weight.

Ricks on Friday said the company aims to bring its weight-loss pill to market in 2026.

Eli Lilly shares rallied on the news, up 14% to $839.96. The stock is up around 8% year to date.

https://www.morningstar.com/news/dow-jones/202504182041/eli-lilly-ceo-ricks-warns-against-unintentionally-raising-prices-as-weight-loss-pill-nears-market-launch

EU says it wants to see proof of Russia halting aggression in Ukraine

 The European Union on Saturday reacted cautiously to Russian President Vladimir Putin's declaration of a unilateral 30-hour Easter ceasefire in Ukraine, saying Moscow could stop the war immediately if it wanted to.

"Russia has a track record as an aggressor, so first we need to see any actual halt of the aggression and clear deeds for a lasting ceasefire," said Anitta Hipper, the European Commission's lead spokesperson for foreign affairs and security.

Hipper added that it had been more than a month since Ukraine agreed to an unconditional ceasefire.

"Russia could stop this war at any moment if it really wanted to... We continue to support Ukraine for a long, just and comprehensive peace."

https://www.yahoo.com/news/eu-says-wants-see-proof-181635109.html

Russia's Putin declares unilateral Easter ceasefire in Ukraine

 Russian President Vladimir Putin announced a surprise one-day ceasefire in Ukraine for Easter on Saturday, but Kyiv said Russian forces continued artillery fire and called instead for an extended true halt to hostilities.

Ukrainian President Volodymyr Zelenskiy said Russia had rejected just such a proposal brokered by U.S. President Donald Trump last month and could not be trusted.

Putin's unilateral move, to extend over 30 hours, followed Washington's announcement that it could abandon peace talks within days unless Moscow and Kyiv showed they were serious about negotiating.

Putin ordered fighting to stop as of 6 p.m. Moscow time (1500 GMT) on Saturday until midnight on Sunday night.

"Based on humanitarian considerations ... the Russian side announces an Easter truce. I order a stop to all military activities for this period," Putin told Valery Gerasimov, Chief of Russia's General Staff, at a televised meeting.

"We assume that Ukraine will follow our example. At the same time, our troops should be prepared to repel possible violations of the truce and provocations by the enemy, any aggressive actions."

Shortly after the announcement, around an hour before it was due to take effect, air raid sirens rang out in Kyiv. Another warning was put in place briefly in Kyiv and the region around the capital about four hours after the ceasefire deadline.

Ukrainian President Volodymyr Zelenskiy dismissed the proposal as "yet another attempt by Putin to play with human lives". As of 45 minutes before the truce was meant to start, Ukrainian planes were repelling Russian air strikes, Zelenskiy said in a post on X.

In a post later on social media platform X, Zelenskiy quoted Ukraine's top commander as saying that Russian assault operations "continue on several frontline sectors, and Russian artillery fire has not subsided."

"Therefore, there is no trust in words coming from Moscow."

He recalled that Russia had last month rejected the U.S.-proposed full 30-day ceasefire and said that if Moscow agreed to "truly engage in a format of full and unconditional silence, Ukraine will act accordingly -- mirroring Russia's actions".

"If a complete ceasefire truly takes hold, Ukraine proposes extending it beyond the Easter day of April 20," Zelenskiy wrote.

LITTLE FAITH

Kyiv residents expressed little faith in the ceasefire, saying similar past moves by Putin had had little effect.

"This man is not capable of reaching any sort of a deal. He does not know how to do that," said Tetiana Solovei, 65. "Tonight, in Ukraine and especially in Kyiv, we expect missiles. There will be no ceasefire."

Andriy Kovalenko, head of Ukraine's Centre for Countering Disinformation, said Russian forces continued to fire on Ukrainian positions after the truce was meant to have taken effect.

The governor of southern Ukraine's Kherson province said Russian air strikes began shortly before the truce was to start and continued after. He posted a picture of a damaged building.

"Unfortunately, we are not seeing any sort of calm here. The shelling continues and our civilians are under fire," he wrote on Telegram.

Reuters could not independently verify the situation at the front.

Ukrainian bloggers who cover the war said firing continued along the entire line of contact. But public broadcaster Suspilne quoted servicemen on the eastern front as saying the number of Russian attacks had declined.

The Russian Defence Ministry said its troops had been instructed about the ceasefire and would adhere to it, provided it was "mutually respected" by Ukraine.

Trump and Secretary of State Marco Rubio had said on Friday the United States would walk away from efforts to broker a Russia-Ukraine peace deal unless there were clear signs of progress soon.

Kirill Dmitriev, an envoy for Putin who travelled to Washington this month, posted news of the ceasefire on X, adding: "One step closer to peace" and an emoji of a dove.

Trump has vowed to bring a swift end to the war, while shifting U.S. policy from firmly supporting Kyiv towards accepting Moscow's account of the conflict.

Last month, after Ukraine accepted Trump's proposal for a 30-day truce but Moscow rejected it, the sides agreed only to limited pauses of attacks on energy targets and at sea, which each accuses the other of breaking.

Putin announced his Easter truce a week after a Russian missile attack killed 35 people and wounded nearly 120 in the Ukrainian city of Sumy, including Christians heading to celebrate Palm Sunday.

That attack, the deadliest against civilians of the year so far, spurred Kyiv and its European allies to press Washington to take a tougher line towards Moscow.

Putin has proclaimed unilateral pauses in fighting in the past with little impact, including a 36-hour proposed truce for Orthodox Christmas in January 2023, which Kyiv rejected.

Separately, Russia and Ukraine confirmed a swap of prisoners of war on Saturday, mediated by the UAE. Each released 246 prisoners, while a further 31 wounded Ukrainians were transferred in exchange for 15 injured Russian soldiers, the Russian Defence Ministry said.

https://www.marketscreener.com/quote/currency/US-DOLLAR-RUSSIAN-ROUBLE--2370597/news/Russia-s-Putin-declares-unilateral-Easter-ceasefire-in-Ukraine-49662565/

Fed proposes stress-test makeover

 The Federal Reserve is considering a revamp of stress tests for big banks that would average their results over two years and give them three extra months to adjust to new capital buffer requirements.

The changes, proposed Thursday, would reduce year-over-year fluctuations in the capital requirements that result from the stress test and would extend – until Jan. 1 of the following year – the date by which banks meet them.

Banks now must meet their new stress capital buffer by Oct. 1.

Additionally, changes would aim to streamline collection of the Fed’s stress test-related data. Those changes aren’t meant to materially affect capital requirements, the Fed said.

The Fed said it plans, later this year, to propose additional changes to stress-test transparency – including disclosing and seeking public comment on the stress test models, and ensuring that the public can comment on the stress test’s hypothetical scenarios before they are finalized.

The changes aren’t unanimously supported among the Fed’s governors, however. Gov. Michael Barr, formerly the Fed’s vice chair for supervision, said the changes “risk turning stress testing into an ossified exercise that will provide false comfort in the resilience of the system,” according to a memo accompanying the proposal.

Banks may game stress tests if they know what they’ll contain, Barr warned.

“Full disclosure of the Fed’s stress models and scenarios could enable banks to optimize stress test results by adjusting their balance sheet based on their knowledge of where the models underprice risk, in order to reduce their capital requirements without materially reducing risks,” he wrote.

A too-predictable test may also incentivize banks to invest less in their own risk management.

Gov. Adriana Kugler issued a notice in support of the changes, but with concerns about weighting two years of data, “which results in an average of 18 months elapsing between the financial statements used for stress capital buffer requirement calculations and the effective date of those requirements.”

The drawback of such proposed changes, she wrote, means the stress capital butter will be less sensitive to current economic conditions.

Comments on the Fed’s proposal are due 60 days after they’re published in the Federal Register.

The American Bankers Association, Bank Policy Institute and other trade groups sued the Federal Reserve in December over what they call a “lack of transparency” in the central bank’s stress-testing process.

“Adopted in secret,” stress-test models “[produce] vacillating and unexplained requirements and restrictions on bank capital,” the groups wrote in the lawsuit filed in the U.S. District Court for the Southern District of Ohio.

https://www.bankingdive.com/news/fed-proposes-stress-test-makeover-michael-barr-Adriana-Kugler/745782/

Palantir Building ICE "ImmigrationOS" To Track Migrants

 Palantir CEO Alex Karp might soon be receiving similar 'Tesla Takedown' treatment from unhinged Democrats after news broke late this week that Immigration and Customs Enforcement has partnered with the defense contractor to deploy new "near real-time visibility" software to facilitate the deportation of illegal immigrants.

A contract first reviewed by Business Insider stated that ICE and Palantir are working to deploy the Immigration Lifecycle Operating System — or ImmigrationOS — to support ICE's Enforcement and Removal Operations (ERO) in response to urgent deportation national security goals outlined in President Trump's Executive Orders (EO 14159 and EO 13773). 

Palantir will deliver a prototype of ImmigrationOS by September 25. The contract sets the deadline for a fully operational ImmigrationOS by September 2027. 

Here's a description of ImmigrationOS' capabilities: 

  • Targeting and Enforcement Prioritization: Streamlining operations to apprehend illegal aliens, focusing on transnational criminal organizations (TCOs), violent criminals, and visa overstays.

  • Self-Deportation Tracking: Real-time visibility into self-deportation instances to inform policy and resource allocation.

  • Immigration Lifecycle Process: End-to-end management from identification to removal, optimizing deportation logistics

  • Services include software licenses, configuration, engineering, and hosting to deliver a prototype by September 25, 2025.

Federal data shows Palantir has been an ICE contractor since 2011.

According to the contract, the ImmigrationOS award is expected to cost taxpayers $29.8 million. 

Separately, Palantir has been working with Elon Musk's Department of Government Efficiency (DOGE) to build a "mega API" for the Internal Revenue Service, which would allow better record searching across the agency's databases.  

ICE justifies ImmigrationOS as a way for the federal government to meet the critical national security objectives outlined in the president's executive orders

https://www.zerohedge.com/technology/palantir-building-ice-immigrationos-track-migrants