Business & Politics News and Discussions

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caltrek
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Here is a report form a news source I am more familiar with and which I have a certain level of trust:

Fact Check: Has Fox News Fired Laura Ingraham?
by Tom Norton
May 19, 2023

Extract:
(Newsweek) However, claims that Ingraham has been fired by Fox, for whatever reason, are incorrect.

Responding directly, Fox News told Newsweek that the claims about Ingraham were "wildly inaccurate" and that she would remain at the station.

Read more here: https://www.msn.com/en-us/news/us/fact ... AA1bpv9d
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weatheriscool
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Texas lawmakers recommend impeaching Attorney General Ken Paxton after Republican investigation
AUSTIN, Texas (AP) — Texas Attorney General Ken Paxton teetered on the brink of impeachment Thursday after years of scandal, criminal charges and corruption accusations that the state’s Republican majority had largely met with silence until now.

In an unanimous decision, a Republican-led House investigative committee that spent months quietly looking into Paxton recommended impeaching the state’s top lawyer. The state House of Representatives could vote on the recommendation as soon as Friday. If the House impeaches Paxton, he would be forced to leave office immediately.

The move sets set up a remarkably sudden downfall for one of the GOP’s most prominent legal combatants, who in 2020 asked the U.S. Supreme Court to overturn President Joe Biden’s victory. Only two officials in Texas’ nearly 200-year history have been impeached.

Paxton has been under FBI investigation for years over accusations that he used his office to help a donor and was separately indicted on securities fraud charges in 2015, but has yet to stand trial.

Read more: https://apnews.com/article/texas-attorn ... ab1672e1bd
weatheriscool
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Texas Republicans pass voting bills targeting large Democratic county
Source: Washington Post

The new law would single out Houston, with its sizable Black population, for a different election process

By Patrick Marley
May 28, 2023 at 8:55 p.m. EDT
Texas Republicans wound down their regular legislative session Sunday by changing election policies for a single populous Democratic stronghold but not other parts of the state.

The measure gives the secretary of state under certain conditions the power to run elections in Harris County, home to Houston and 4.8 million residents. It follows a bill approved days earlier that shifts the oversight of elections from its appointed elections administrator to the county clerk and county assessor.

Harris County officials at a news conference last week said they would bring a lawsuit challenging the measures as soon as Gov. Greg Abbott (R) signs them into law.

“These bills are not about election reform,” said Harris County Judge Lina Hidalgo, the county’s chief executive. “They’re not about improving voters’ experience. They are entirely about suppressing voters’ voices. The reasoning behind these bills is nothing but a cynical charade.”
Read more: https://www.washingtonpost.com/politics ... ic-county/
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weatheriscool
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Most Floridians Disapprove of State's Direction, DeSantis' Approval Rating Drops by 19 Points
Most Floridians Disapprove of State’s Direction, DeSantis’ Approval Rating Drops by 19 Points in New Poll
Before this spring’s state legislative session, a majority of Floridians believed the state was on the right track (46% right track / 42% wrong track). As the session came to a close, however, 50% believe the state is headed in the wrong direction, while only 42% think it’s on the right track.

Pollsters Florida Watch and Progress Florida, collectively known as the Florida Communications and Research Hub (Hub), attribute this shift in their surveys to Floridians’ growing dissatisfaction with the agenda carried out by Gov. Ron DeSantis and legislators in Tallahassee.

“When we look back on this legislative session, it is clear Floridians do not believe that Gov. DeSantis and legislative leaders focused on the priorities they believed would improve their lives,” said Progress Florida Executive Director Mark Ferrulo.

In February, before the legislative session, the Hub’s polling showed DeSantis with a 60% approval rate and the Florida Legislature with 49% support from voters. But by the time the legislative session was winding down, in late April and Early May, their surveys found that the governor’s approval rating dropped by a whopping 19 points (50% approve / 49% disapprove).
https://theamericanonews.com/floricua/2 ... -new-poll/
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DeSatan's "woke" obsession is costing Fla. taxpayers millions in legal fees
As a result of the mounting lawsuits against DeSantis, the governor’s legal costs, which the Miami Herald reported last December to cost at least $16.7m, have been soaring.

In DeSantis’s legal fight against Disney following the corporation’s condemnation of his anti-LGBTQ+ laws, it is going to cost the governor and his handpicked board nearly $1,300 per hour in legal fees as they look into how the corporation discovered a loophole in DeSantis’s plan to acquire governing rights over Disney World, Insider reports.

“Disney is a perfect example. It doesn’t hurt any Floridians. There is nothing. It’s creating a legal issue out of nowhere and now Disney sued so they have to respond and that is going to cost taxpayers’ money. The whole Disney case is just because of DeSantis’s ego and his hurt feelings,” the Democratic state senator Tina Polsky said.

*snip*

Meanwhile, in another case covered by the Orlando Sentinel, DeSantis’s administration has turned to the elite conservative Washington DC-based law firm Cooper & Kirk to defend the governor against his slew of anti-woke laws. The firm’s lawyers charge $725 hourly, according to contracts reviewed by Orlando Sentinel. As of June 2022, the state authorized nearly $2.8m for legal services from just Cooper & Kirk alone, the outlet reports.
https://www.theguardian.com/us-news/202 ... -taxpayers
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caltrek
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Are We Living Through De-dollarization?
by Justin Podur
June 24, 2023

Introduction:
(Alternet) De-dollarization is apparently here, “like it or not,” as a May 2023 video by the Quincy Institute for Responsible Statecraft, a peace-oriented think tank based in Washington, D.C., states. Quincy is not alone in discussing de-dollarization: political economists Radhika Desai and Michael Hudson outlined its mechanics across four shows between February and April 2023 in their fortnightly YouTube program, “Geopolitical Economy Hour.” Economist Richard Wolff provided a nine-minute explanation on this topic on the Democracy at Work channel. On the other side, media outlets like Business Insider have assured readers that dollar dominance isn’t going anywhere. Journalist Ben Norton reported on a two-hour, bipartisan Congressional hearing that took place on June 7—“Dollar Dominance: Preserving the U.S. Dollar’s Status as the Global Reserve Currency”—about defending the U.S. currency from de-dollarization. During the hearing, Congress members expressed both optimism and anxiety about the future of the dollar’s supreme role. But what has prompted this debate?

Until recently, the global economy accepted the U.S. dollar as the world’s reserve currency and the currency of international transactions. The central banks of Europe and Asia had an insatiable appetite for dollar-denominated U.S. Treasury securities, which in turn bestowed on Washington the ability to spend money and finance its debt at will. Should any country step out of line politically or militarily, Washington could sanction it, excluding it from the rest of the world’s dollar-denominated system of global trade.

But for how long? After a summit meeting in March between Russia’s President Vladimir Putin and China’s President Xi Jinping, Putin stated, “We are in favor of using the Chinese yuan for settlements between Russia and the countries of Asia, Africa, and Latin America.” Putting that statement in perspective, CNN’s Fareed Zakaria said, “The world’s second-largest economy and its largest energy exporter are together actively trying to dent the dollar’s dominance as the anchor of the international financial system.” Already, Zakaria noted, Russia and China are holding less of their central bank reserves in dollars and settling most of their trade in yuan, while other countries sanctioned by the United States are turning to “barter trade” to avoid dependence on the dollar.

Read more here: https://www.alternet.org/Bank/us-dollar/
Don't mourn, organize.

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