Support Money – SMLXtlarge http://www.smlxtralarge.com/ Wed, 29 Jun 2022 14:09:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.smlxtralarge.com/wp-content/uploads/2021/07/icon-5-150x150.png Support Money – SMLXtlarge http://www.smlxtralarge.com/ 32 32 Maharashtra political crisis live news Supreme Court hearing underway today in ground test https://www.smlxtralarge.com/maharashtra-political-crisis-live-news-supreme-court-hearing-underway-today-in-ground-test/ Wed, 29 Jun 2022 13:49:14 +0000 https://www.smlxtralarge.com/maharashtra-political-crisis-live-news-supreme-court-hearing-underway-today-in-ground-test/ Amid escalating political crisis in Maharashtra, former Chief Minister and BJP leader Devendra Fadnavis met Governor Bhagat Singh Koshyari in Raj Bhavan on Tuesday, asking him to call for a ground test in the Assembly, the government led by Thackeray having lost the majority after the Shinde group. rebellion. [also_read title = “Also Read” article_title= […]]]>

Amid escalating political crisis in Maharashtra, former Chief Minister and BJP leader Devendra Fadnavis met Governor Bhagat Singh Koshyari in Raj Bhavan on Tuesday, asking him to call for a ground test in the Assembly, the government led by Thackeray having lost the majority after the Shinde group. rebellion.

[also_read title = “Also Read” article_title= “In 1978, it was Sharad Pawar who had led a rebel group and toppled Maharashtra government, recalls former MLA” id = “7990288” liveblog = “no” ]

Maharashtra Chief Minister Uddhav Thackeray on Tuesday called on rebel MPs to come for talks. “Do not fall prey to anyone’s missteps. The honor given to you by Shiv Sena cannot be found anywhere. If you show up and talk, we will sort things out. As Party Leader Shiv Sena and head of the family, I am still worried about you. Come here for a dialogue,” he said.

Maharashtra Minister and Shiv Sena leader Aaditya Thackeray greets his supporters as he leaves Shiv Sena Bhawan after a meeting with party workers, at Dadar in Mumbai on Sunday, June 26, 2022. (PTI)

Chief Minister Uddhav Thackeray decided on Monday to hand over the portfolios of five absentee ministers and four ministers of state to others to ensure their proper functioning. Meanwhile, amid the unfolding political crisis in the state, the Law Enforcement Directorate (ED) summoned Shiv Sena MP Sanjay Raut on June 28 (Tuesday) as part of a case related to irregularities in Patra chawl redevelopment project at Goregaon in Mumbai.

Explanation: What is the 2/3 rule in the anti-defection law?

Speaking to Yuva Sena workers in Mumbai on Sunday, Yuva Sena Chairman and Minister Aaditya Thackeray criticized the Union government after it decided to provide CRPF security to rebel MPs camping in a Guwahati hotel.

Aaditya said that instead of ensuring the safety of these MPs, “ensure the safety of our Kashmiri Pandits and secure them first”, in reference to the killings of Kashmiri Pandits recently.

“We demanded the same CRPF security for the Kashmiri Pandits but it was not granted and these rebel MPs are given security,” he said. A few other Shiv Sena leaders also criticized the Center for providing CRPF coverage.

Maharashtra political crisis: A look at ground tests and results in other states since 2019

On Sunday, senior Congress official Ajoy Kumar alleged that the BJP-led government of Assam was busy serving a ‘mocktail’ to dissident MPs from Maharashtra camping in a luxury hotel here, but was not not even able to provide free drinking water to flood-affected people in the state.

He claimed that people had to pay money to receive their legitimate relief materials.

“The BJP-led government in Assam is serving a mocktail to the Shiv Sena lawmakers, but it has no money to provide even clean water to flood-affected people,” he said. told reporters here.

]]>
Russian-Ukrainian War News: Live Updates https://www.smlxtralarge.com/russian-ukrainian-war-news-live-updates/ Mon, 27 Jun 2022 14:20:49 +0000 https://www.smlxtralarge.com/russian-ukrainian-war-news-live-updates/ A Ukrainian soldier in Sievierodonetsk last week.Credit…Oleksandr Ratushniak/Reuters LVIV, Ukraine — Days after Ukrainian officials confirmed their forces had withdrawn from the devastated industrial city of Sievierodonetsk, the city’s exiled mayor on Monday painted a grim picture of life for those left behind- low, in an eastern pocket where Russian forces have focused their attention […]]]>
Credit…Oleksandr Ratushniak/Reuters

LVIV, Ukraine — Days after Ukrainian officials confirmed their forces had withdrawn from the devastated industrial city of Sievierodonetsk, the city’s exiled mayor on Monday painted a grim picture of life for those left behind- low, in an eastern pocket where Russian forces have focused their attention in recent weeks.

“There is no good news that I can share with you,” Mayor Oleksandr Striuk told a morning news conference as he described a Russian-occupied city battered and in places flattened. by artillery fire.

About 7,000 to 8,000 civilians, out of a pre-war population of 160,000, were still in the city when it fell to Russian forces on Friday, Striuk said, based on information from sources still inside. Their humanitarian situation is dire, with razed infrastructure and a shortage of drinking water and food.

About 90% of the city’s buildings were destroyed, Ukrainian officials said earlier.

The Ukrainian forces retreated west towards Lysychansk, the twin town on the opposite bank of the Siversky Donets River. But with no bridges still standing, they had to use whatever materials they could find in Sievierodonetsk to retreat, Striuk said.

He and other local officials were forced to flee elsewhere in Ukraine when the situation deteriorated. Those who remain will likely only be allowed to evacuate to Russian-held towns, as has been the case in other captured areas.

There was some symbolic importance attached to Sievierodonetsk, the mayor acknowledged, and it had become a regional administrative center in Luhansk province after pro-Russian separatists seized part of the region in 2014.

He also said Russian forces were now likely to focus their efforts on Lysychansk, the last town of Luhansk to remain in Ukrainian hands.

After abandoning their thwarted attempt to take Kyiv early in the war, Russian forces sought to claim full control of Donbass, the eastern region containing the provinces of Lugansk and Donetsk where their separatist allies already held territory.

On Monday, Serhiy Haidai, the governor of Luhansk, called on civilians to evacuate Lysychansk, calling the situation “very difficult”.

“Due to the real threat to life and health, we call for an immediate evacuation,” he said in a message on the social messaging app Telegram. “Run away and your loved ones. Take care of the children. Be sure that you will be supported in evacuation cities on the territory of Ukraine.

The Ukrainian army general staff said in a statement on Monday that Russian forces were trying to blockade Lysychansk from the south, with artillery support, and shelling civilian and military infrastructure in the area.

Even after the Ukrainian withdrawal from Sievierodonetsk, the Russian assault in the east did not slow down. Russian troops launched 20 strikes against 12 settlements in Donetsk province from Sunday to Monday, causing civilian casualties, according to a Telegram message from the Ukrainian National Police.

Much of Ukraine, even western and northern regions that had escaped the worst of the fighting in recent weeks, remained on edge Monday after tensions were heightened by a sudden escalation in strikes in Kyiv and in other regions over the weekend.

Dozens of rockets were fired from Belarusian airspace towards Kyiv and the surrounding region, and at least one person was killed in the city.

]]>
West provides ‘endless money’ to Ukraine but no aid to Afghans, EU lawmaker says https://www.smlxtralarge.com/west-provides-endless-money-to-ukraine-but-no-aid-to-afghans-eu-lawmaker-says/ Sat, 25 Jun 2022 10:30:00 +0000 https://www.smlxtralarge.com/west-provides-endless-money-to-ukraine-but-no-aid-to-afghans-eu-lawmaker-says/ A member of the European Parliament has criticized the West for its massive financial support for Ukraine while failing to deliver humanitarian aid to war-torn Afghanistan. Speaking at a European Parliament session on Afghanistan on Friday, Mick Wallace lambasted the West for its unwavering support for Ukraine while turning a blind eye to Afghanistan’s urgent […]]]>

A member of the European Parliament has criticized the West for its massive financial support for Ukraine while failing to deliver humanitarian aid to war-torn Afghanistan.

Speaking at a European Parliament session on Afghanistan on Friday, Mick Wallace lambasted the West for its unwavering support for Ukraine while turning a blind eye to Afghanistan’s urgent need for food aid.

Wallace, an independent Irish member, blamed the United States and NATO for the multiple crises facing Afghanistan, reminding the West of its two-decade occupation of the country.

“I don’t want to go back too long, but the Taliban came out of the mujahideen, which was set up by the Americans and the Saudis. And then for the last 20 years, the Americans and NATO destroyed the place. They have destroyed the human rights of people who have lived in Afghanistan for 20 years,” he said.

“Americans spent 300 million a day destroying this place and now we are starving them. The World Food Program could only raise a third of the money it needs to feed the millions of people it is trying to feed. And neither the European Union nor the Americans are ready to give them as much money as they want… We can find all the money on the planet to arm Ukraine but we cannot feed the Afghans we destroyed life for 20 years,” he added.

The dire situation in Afghanistan unfolded after US-led allies withdrew from the country in August last year, paving the way for the dramatic return of the Taliban.

Nearly ten months after the US-led international coalition abruptly withdrew from Afghanistan and announced an asset freeze, the country is grappling with a major humanitarian crisis.

According to aid agencies and human rights watchdogs, children are the most affected.

Meanwhile, the country has about $9 billion in overseas assets, including the frozen $7 billion in the United States.

In February, US President Joe Biden signed an executive order that would seize Afghan assets and transfer half of them to a fund ostensibly for humanitarian aid to Afghanistan.

However, Biden nodded to legal wrangling with some 9/11 families pursuing claims against those assets as a reason for not trying to release the other half of the Afghan funds.

The freeze has continued as the Afghan economy teeters on the brink of collapse, inflation soars and millions of Afghans are on the brink of starvation.

The Taliban government has repeatedly called for the frozen assets to be released, but Washington has continued to push back on calls.

The UN has previously warned that without financial aid or humanitarian relief, Afghanistan would be on a “countdown to disaster”.

In a latest tragic incident in Afghanistan, a 6.1 magnitude earthquake struck the eastern part of the country early Wednesday in the arid mountains dotted with small settlements near the border with Pakistan.

The earthquake is said to have killed more than 1,000 people and injured 1,500 others, leaving more than 3,000 homes in ruins.

Poor communications and lack of adequate roads are hampering relief efforts in the country.

It is the deadliest earthquake to hit Afghanistan in the Hindukush Mountains lap since 2002, when a magnitude 6.1 earthquake killed around 1,000 people in northern Afghanistan.

Before that, in 1998, a magnitude 6.1 earthquake and subsequent tremors in northeastern Afghanistan killed at least 4,500 people.

]]>
Crypto Isn’t Too Big To Fail, Even With The Help Of FTX https://www.smlxtralarge.com/crypto-isnt-too-big-to-fail-even-with-the-help-of-ftx/ Thu, 23 Jun 2022 13:01:03 +0000 https://www.smlxtralarge.com/crypto-isnt-too-big-to-fail-even-with-the-help-of-ftx/ Placeholder while loading article actions “Turtles all the way down” is a convenient phrase to describe how the human mind creatively fills in gaps in logic. It is said to stem from someone’s attempt to justify to philosopher Bertrand Russell his belief that the world was floating on top of a giant turtle by imagining […]]]>
Placeholder while loading article actions

“Turtles all the way down” is a convenient phrase to describe how the human mind creatively fills in gaps in logic. It is said to stem from someone’s attempt to justify to philosopher Bertrand Russell his belief that the world was floating on top of a giant turtle by imagining another turtle below, and then another, ad infinitum.

The picture fits the world of cryptocurrencies, where a recent crash in the price of Bitcoin, Ether, and other tokens has unraveled a complex chain of stablecoins, lending platforms, and trading companies that are exploding simultaneously. What was once a virtuous cycle of locked-in tokens earning interest that would be infinitely reinvested is now a vicious cycle as margin calls and liquidations occur at algorithmic speed. Each turtle seems to hide another.

The next phase includes bailouts, as the big players at the top of the crypto-speculation ecosystem – exchanges run by billionaires – step in to try to stem the panic and restore confidence. Sam Bankman-Fried, co-founder of FTX Trading Ltd., extended a $250 million line of credit to lending platform BlockFi Inc. He extended $200 million in additional credit and a separate revolving facility of 15,000 Bitcoins available to Voyager Digital Ltd., a Toronto-based crypto broker that owes $660 million to struggling digital asset hedge fund Three Arrows Capital Ltd. Axie Infinity’s crypto game hack earlier this year.

Fans say it adds a credible safety net to a $1 trillion market. “Bankman-Fried is the new John Pierpoint Morgan,” says Anthony Scaramucci, citing the 1907 banking crisis that saw Morgan and his peers pledge their own money to stop a loss of faith in the financial system. Others have compared it to Warren Buffett’s endorsement of Goldman Sachs Group Inc. in 2008.

But strip away the hype, and it still looks like turtles all the way down. Crypto is not too big to fail.

Bankman-Fried clearly has deep pockets, but his wealth is almost entirely crypto-related: Bloomberg data estimates that $6.6 billion comes from his $2.1 billion stake in Bahamas-based FTX. separate US subsidiary of FTX, $1 billion from trading company Alameda and $420 million from its recently acquired stake in trading app Robinhood Markets Inc.

It makes sense that he either wants to do some good business among the rubble or make a public show of faith in the future; somewhere along the line, its own fortune hangs in the balance. If FTX has also spent hundreds of millions of dollars on sports sponsorships, like the FTX Arena in Miami, that’s a sign that it’s leaning on a grassroots speculative demand to keep the crypto evening going, much like its distressed peers are doing.

Yet this does not represent an outward stamp of approval or introduce the kind of systemic firewall that an actual intervention by JPMorgan Chase & Co. or Berkshire Hathaway Inc. could.

At the end of last year, BlockFi had about $10 billion in interest-paying assets. the $250 million advanced by Bankman-Fried represents just over 2% of that number. Despite BlockFi’s comments to Bloomberg News that this is a “big number” that “strengthens” its balance sheet, it looks more like a company going into debt because it needs cash. BlockFi says that after a month of “cash flow positive” in May, it has come under “uphill” pressure.

And while FTX’s $1 billion a year revenue carries huge weight in the crypto arena, in terms of credit and counterparty risk, this exchange is nothing like a regulated Wall Street firm. .

FTX is headquartered in the Bahamas because, as the New York Times newspaper puts it, 80% of its revenue comes from a trading instrument that remains illegal in the United States. Despite his turnover, he is only ranked no. 22 on the ranking of exchanges by the data company Kaiko based on measures such as risk control, security and data quality. And Bankman-Fried’s memorable explanation of yield farming in April sounded like a “Ponzi scheme” to Matt Levine. Is this really the new face of Wall Street?

That’s not to say that Bankman-Fried isn’t a savvy investor; he’s clearly been successful in devising successful trading strategies and spotting bets that pay off, like his expletive-filled taunt on Twitter that he’d buy Solana at $3 a token (he’s grown more than tenfold since then).

But comparing FTX to JPMorgan, or Warren Buffett, or even the Federal Reserve – whose creation was spurred by the market panic of 1907 – is wrong and bordering on irresponsible. There is nothing on display here that would prevent Bitcoin from falling further, and nothing to suggest that FTX and others would be immune to the fallout. Martin Finnegan, a partner at law firm Punter Southall who has warned of the risks for institutional investors from offshore crypto trading platforms, says FTX shares look like “sticky plaster”.

Or, another addition to a long line of turtles.

More from Bloomberg Opinion:

• The value of crypto comes from the volatility of crypto: Tyler Cowen

• Matt Levine’s Money Stuff: Crypto, Clearing and Credit

• When Crypto Tulipmania meets the real economy: Lionel Laurent

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

]]>
Sudan’s economy slumps as post-coup leaders seek support https://www.smlxtralarge.com/sudans-economy-slumps-as-post-coup-leaders-seek-support/ Tue, 21 Jun 2022 17:54:00 +0000 https://www.smlxtralarge.com/sudans-economy-slumps-as-post-coup-leaders-seek-support/ Water and electricity cuts anger residents Finance Minister says to continue economic reforms The government needs investments in the electricity sector State revenue lower than the public wage bill Khartoum, June 20 (Reuters) – An accelerated breakdown of services, including water and electricity supplies, has left Sudanese citizens counting the cost of political stalemate following […]]]>
  • Water and electricity cuts anger residents
  • Finance Minister says to continue economic reforms
  • The government needs investments in the electricity sector
  • State revenue lower than the public wage bill

Khartoum, June 20 (Reuters) – An accelerated breakdown of services, including water and electricity supplies, has left Sudanese citizens counting the cost of political stalemate following a military coup last October.

The decline in living conditions comes after the coup triggered the suspension of billions of dollars in international funding, and at a time when the war in Ukraine has driven up the cost of key imports.

It has fueled anti-military protests held at least once a week for the past eight months, while increasing pressure on military and civilian groups to reach a political agreement.

Join now for FREE unlimited access to Reuters.com

No prime minister has been appointed since the coup, ministers serve in an interim capacity, and attempts at mediation by the United Nations and the African Union have yet to produce results.

Authorities say they are continuing economic reforms that a civilian-led government launched under International Monetary Fund (IMF) watch in 2020, aimed at cutting subsidies seen as inflationary, but government spending has soared .

“We are continuing with the economic reform program and gradually reducing subsidies in a way that citizens can manage,” Finance Minister Jibril Ibrahim told Reuters in an interview.

The government has refrained from printing money to fund the deficit, and monthly state revenues have risen by two-thirds in the past six months to 150 billion Sudanese pounds ($264 million) , did he declare.

Sudan recently signed an agreement with the United Arab Emirates for a port and agricultural project, he said, which could lead to increased revenues.

But inflation means spending has grown even faster. The monthly bill for public sector wages alone was £180billion, up from £54billion year-to-date, on top of rising costs for fuel, wheat and other imports, it said. he added.

WATER CUTS

In al-Shigla, across the White Nile from the capital Khartoum, residents crowding around private tankers selling water said their local water supply had run dry for weeks.

“Since April, water has not flowed through my kitchen pipes and the Nile is only a kilometer away,” said housewife Zahra Sharif.

The neighborhood’s roads were strewn with green, stagnant puddles and uncollected trash. Several residents described their life as hellish.

“We can’t buy water because it’s too expensive,” said Ayoub Siddig, a 36-year-old bakery worker.

Inflation has fallen slightly but remains at 192%, according to official figures. Last week, the World Food Program warned that 15 million people, or about a third of the population, face acute food insecurity. Read more

In Khartoum, major intersections are often blocked as traffic lights lose power.

Khartoum water authority officials blame the lack of government funding to maintain water stations or water pipes for a growing population. Frequent power outages disable water pumps, they said.

The government subsidizes electricity, but there is a supply gap that authorities hope to fill with foreign investment and renewable energy, Ibrahim said.

“What happened in October had a significant impact on the economy,” he said, citing the suspension of about $4 billion in Western aid expected for 2022-23.

“We had big electricity, irrigation and rural development projects, and everything stopped.”

MEETINGS WITH GENERALS

Former rebel group leader Ibrahim backed the takeover, which military leaders said was necessary due to the political paralysis of the transition following the 2019 overthrow of longtime autocratic leader Omar al-Bashir .

Western donors say suspended economic aid will not return until a credible civilian government is appointed. Analysts say that even if this condition were met, it would be more difficult than before for Sudan to mobilize support after the coup derailed engagement with international lenders.

This month, the civilian coalition that shared power with the military before the coup began meeting with generals in a bid to break the political deadlock, in an effort backed by states United States and Saudi Arabia. Read more

But the protest leaders still refuse to negotiate with the army and many demonstrators blame the armed forces for their economic difficulties.

“In Sudan, we have always been governed by army men. What do they know about economics? said a 20-year-old student protesting in Khartoum.

($1 = 568.0002 Sudanese Pounds)

Join now for FREE unlimited access to Reuters.com

Additional writing and reporting by Nafisa Eltahir; Editing by Aidan Lewis and Frank Jack Daniel

Our standards: The Thomson Reuters Trust Principles.

]]>
KuCoin Adds Brazilian Real (BRL) as First Fiat to Support Spot Trading Pairs | Your money https://www.smlxtralarge.com/kucoin-adds-brazilian-real-brl-as-first-fiat-to-support-spot-trading-pairs-your-money/ Mon, 20 Jun 2022 01:02:29 +0000 https://www.smlxtralarge.com/kucoin-adds-brazilian-real-brl-as-first-fiat-to-support-spot-trading-pairs-your-money/ VICTORIA, Seychelles–(BUSINESS WIRE)–June 19, 2022– KuCoin, a leading global cryptocurrency trading platform, has announced that its cash market will support fiat trading pairs from June 20, 2022. As the first fiat supports spot trading pairs, it marks an important milestone in the expansion of its fiat-to-crypto trading services. By adding BTC/BRL, ETH/BRL and USDT/BRL to […]]]>

VICTORIA, Seychelles–(BUSINESS WIRE)–June 19, 2022–

KuCoin, a leading global cryptocurrency trading platform, has announced that its cash market will support fiat trading pairs from June 20, 2022. As the first fiat supports spot trading pairs, it marks an important milestone in the expansion of its fiat-to-crypto trading services. By adding BTC/BRL, ETH/BRL and USDT/BRL to its spot market, KuCoin will allow cryptocurrency investors to trade in real time between cryptocurrencies and BRL with high liquidity and security .

This press release is multimedia. See the full version here: https://www.businesswire.com/news/home/20220619005030/en/

KuCoin Adds Brazilian Real (BRL) as First Fiat to Support Spot Trading Pairs (Graphic: Business Wire)

KuCoin CEO Johnny Lyu said, “As the crypto industry’s first entrant and accelerator, KuCoin is committed to leveraging cutting-edge technologies and innovative products to bring blockchain and crypto to the masses, and KuCoin’s support in fiat trading pairs marks a big step forward. towards that. Moreover, providing a secure and stable service between fiat and cryptocurrencies will bring a better experience for crypto users, which is crucial for the mass adoption of crypto. With support for more fiat trading pairs, KuCoin will become the best place to explore the world of crypto with fiat for global users.

Support for fiat BRL trading pairs further strengthens KuCoin’s presence in the Brazilian crypto market. Since 2022, KuCoin has been developing vigorously in the Brazilian market. On March 23, KuCoin supported PIX&TED, the bank transfer payment method launched by the Brazilian Central Bank, to allow its users to deposit BRL on KuCoin’s official website to directly purchase cryptocurrency through its “Fast Buy” channel. On June 18, KuCoin became the first crypto exchange to support BRL transfers via PIX after the introduction of a new Central Bank policy. To provide better fiat-crypto trading services and accessibility to its global users, KuCoin will also launch trading pairs for EUR, RUB and other fiat currencies in the near future.

About KuCoin

Launched in September 2017, KuCoin is a cryptocurrency exchange with its operational headquarters in the Seychelles. As a user-oriented platform focused on inclusivity and reach for community action, it offers over 700 digital assets and currently offers spot trading, margin trading, fiat P2P trading, term, staking and lending to its 18 million users in 207 countries. and regions.

In 2022, KuCoin raised over $150 million in investments in a pre-Series B round, bringing total investments to $170 million with the combined A round, for a total valuation of $10 billion. of dollars. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. Forbes also named KuCoin one of the best crypto exchanges in 2021. In 2022, The Ascent named KuCoin the best crypto app for enthusiasts.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220619005030/en/

CONTACT: Emma Haul

media@kucoin.com

KEYWORD: NORTH AMERICA SEYCHELLES AFRICA BRAZIL SOUTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BLOCKCHAIN ​​TECHNOLOGY CRYPTOCURRENCY FINTECH INTERNET

SOURCE: KuCoin

Copyright BusinessWire 2022.

PUBLISHED: 06/19/2022 21:00 / DISK: 06/19/2022 21:02

http://www.businesswire.com/news/home/20220619005030/en

Copyright BusinessWire 2022.

]]>
Donna Edwards gets help from Nancy Pelosi to fight back against AIPAC-affiliated attack ad https://www.smlxtralarge.com/donna-edwards-gets-help-from-nancy-pelosi-to-fight-back-against-aipac-affiliated-attack-ad/ Sat, 18 Jun 2022 00:58:55 +0000 https://www.smlxtralarge.com/donna-edwards-gets-help-from-nancy-pelosi-to-fight-back-against-aipac-affiliated-attack-ad/ Placeholder while loading article actions A new super PAC affiliated with the American Israel Public Affairs Committee is spending money to attack former Democratic Congresswoman Donna F. Edwards as she asks voters to return her to Congress in Maryland’s 4th District. Edwards pushed back forcefully Friday — including with a virtual appearance by House Speaker […]]]>
Placeholder while loading article actions

A new super PAC affiliated with the American Israel Public Affairs Committee is spending money to attack former Democratic Congresswoman Donna F. Edwards as she asks voters to return her to Congress in Maryland’s 4th District.

Edwards pushed back forcefully Friday — including with a virtual appearance by House Speaker Nancy Pelosi (D-Calif.) — against a $600,000 ad buy from the United Democracy Project. The super PAC has inserted itself into races across the country, spending millions against candidates opposed by AIPAC, long one of the most powerful pro-Israel lobbying weapons in Washington. The group’s attacks, however, have often focused on issues unrelated to Israeli politics.

The group announcement — who does not broadcast an affiliation with AIPAC — attacked Edwards for criticizing his constituent services during his tenure from 2008 to 2017; she did not seek reelection so she could run for the Democratic Senate nomination, a race in which her record on constituent services was also an issue. (The United Democracy Project ad quotes extensively from editorials by the Washington Post editorial board, which is separate from the newsroom — though the ad also includes a 2016 Post news article.)

At a Friday press conference, Edwards said the ad “lies about my record” and that his Democratic opponent, former Prince George’s County State’s Attorney Glenn Ivey, “knows he loses and now he’s desperate”. Ivey has been approved by AIPAC.

“My opponent has his super PAC in black silver. I have grassroots support. And you know what? I like those chances,” Edwards said. “I have to tell you one thing about black women that many of you already know: when you pick us up, we don’t run. We double down and we do the work.

At the end of the press conference, Edwards’ campaign manager placed a laptop on the lectern and pulled out a video message from Pelosi. “When Donna Edwards first represented Maryland’s fourth congressional district, and that was for almost a decade, she was one of the most effective members of Congress,” Pelosi said on the video. “Donna fought for Prince George’s County – for jobs and investments in her community, to help voters in need and to get results.”

The United Democracy Project’s foray into the 4th District race indicates that a proxy war between pro-Israel groups — AIPAC backing Ivey and liberal J Street backing Edwards — could dent the race in its latest straight ahead of the July 19 primary. A UDP spokesman, Patrick Dorton, said this was the sixth race the UDP had been involved in this year, including helping Rep. Henry Cuellar (D-Tex.) and Rep. Shontel Brown (D-Ohio) by spending against their opponents. Dorton said the UDP plans to be active in the Maryland race until primary election day.

The Post previously reported in April that AIPAC funneled nearly $160,000 in donations from its supporters to Ivey’s campaign before formally approving it. Now on AIPAC’s list of “star contenders,” Ivey leads the way and is one of two “key races” prioritized by the organization.

“We strongly support Glenn Ivey because he deeply appreciates the importance of the US-Israel relationship,” AIPAC spokesman Marshall Wittman said in a statement. “His stance stands in stark contrast to that of one of his chief opponents, whose record in Congress was hostile to America’s alliance with Israel.”

AIPAC’s fallout with Edwards dates back to his first term in 2009, when Edwards voted “present” – neither for nor against – on a resolution “recognizing Israel’s right to defend itself against attacks from Gaza”. Dorton also cited Edwards’ “present” votes on a 2011 resolution expressing support for direct Israeli-Palestinian negotiations and 2012 legislation aimed at enhancing security cooperation between the United States and Israel, between others.

But Edwards retained strong support from J Street, which on Friday condemned UDP advertising and called on Ivey to do the same. He praised Edwards for supporting “peace, diplomacy and human rights for Israelis and Palestinians.”

“It’s appalling. These baseless attacks on a veteran Democrat like Donna Edwards are being funded by a Republican-aligned hawkish group that actively raises money for those who threaten our democracy,” J Street vice president of public affairs Kevin Rachlin said in a statement. a statement. referring to the fact that AIPAC also supports Republicans who opposed the 2020 election results.”As President Pelosi made clear, these attacks on Donna are baseless. Glenn Ivey must show his commitment to American democracy by calling on the United Democracy Project to remove its misleading ads from this race.

A spokesman for Ivey, Ramón Korionoff, said Ivey will “continue to focus on educating voters every day on the issues that matter most to them, fighting crime, reducing inflation and the education of our children”.

“As the ad states, [Edwards] was the least effective Democrat in Congress while in office and she failed to meet the needs of her constituents when they needed her most,” Korionoff said. “Glenn has a reputation for getting things done and always showing up and getting the job done.”

When faced with criticism over her past work in constituent services elsewhere on the campaign trail, Edwards struck a softer tone. A voter at a campaign forum at Riderwood Senior Living in Beltsville, Md. last month said she heard about issues with Edwards Voter Services while in office. The voter asked the crowd, “How would it be different this time you’re in power?”

Edwards then did not contest the criticism.

“I think that’s a fair question and criticism,” Edwards replied. “After stepping back for the past six years, I’ve had a chance to really think about it. I think we’ve done great things in our office, from the college fairs we’ve hosted and homes we’ve saved from foreclosure, to opening up opportunities for small businesses. … But I hear the criticism. And all I can say is the commitment that every legislator makes, which is to say that I will do better. I heard it and I will do better.

Edwards was joined by several allies at his Friday press conference who spoke of their positive experiences with Edwards and his work helping voters, including one who said Edwards helped save his home from foreclosure .

Of the. Karen Toles (D) also stressed the importance of electing a liberal woman to Maryland’s federal delegation, which has not had a female member since Edwards and Sen. Barbara A. Mikulski (D-Md.) left office in 2017.

“The stuff you hear is BS, OK? It’s just BS,” Toles said, referring to the attack on Edwards. “Let me say that when we re-elect the congresswoman, she will be the only woman in the entire state delegation… Only women have these problems when it comes to trying to get elected. You don’t hear them talking about men saying they have problems with their constituents. They only talk about women. Women who are mothers. Women who are educators. Women who work multiple jobs but have the courage to run for office. We will not be discouraged. We will send it back.

The primary for the 4th congressional district represents something of a rematch between Ivey and Edwards. Ivey launched a short-lived primary against Edwards in 2012 but dropped out. He sought to fill the seat vacated by Edwards in a 2016 Democratic primary, but lost to Rep. Anthony G. Brown (D-Md.), who is not seeking reelection to run for office. Attorney General of Maryland.

Former Prince George delegate Angela Angel is also seeking the Democratic nomination.

]]>
Dolly Parton donates $1 million to pediatric infectious disease research https://www.smlxtralarge.com/dolly-parton-donates-1-million-to-pediatric-infectious-disease-research/ Wed, 15 Jun 2022 17:22:09 +0000 https://www.smlxtralarge.com/dolly-parton-donates-1-million-to-pediatric-infectious-disease-research/ Dolly Parton donates $1 million to pediatric infectious disease research at Vanderbilt Medical Center. In Dolly Parton’s latest round of philanthropic work, the country music icon has donated $1 million to Vanderbilt University Medical Center for pediatric infectious disease research. The funding will help advance Vanderbilt’s major studies on the causes of disease, understanding antibiotic […]]]>

  • Dolly Parton donates $1 million to pediatric infectious disease research at Vanderbilt Medical Center.

In Dolly Parton’s latest round of philanthropic work, the country music icon has donated $1 million to Vanderbilt University Medical Center for pediatric infectious disease research.

The funding will help advance Vanderbilt’s major studies on the causes of disease, understanding antibiotic resistance, and preventing and treating infections in children with cancer.

“No child should ever have to suffer,” Parton said in a statement. “I’m ready to do my part to try to keep as many of them healthy and safe as possible.”

His financial support of scientific research at VUMC spans years, with several million-dollar donations.

Dolly Parton takes the stage during the 57th Academy of Country Music Awards at Allegiant Stadium in Las Vegas, Nevada on Monday, March 7, 2022.

Parton offered $1 million for coronavirus research in 2020 to VUMC, part of which was credited with funding Moderna’s vaccine development. As the country music star received her first dose of the vaccine at VUMC, she urged others to follow suit.

“I just want to say to all the cowards: don’t be so crouched,” Parton said in the video. “Go out and take your picture.”

]]>
Statement from Chair Adrienne E. Adams, Education Committee Chair Rita Joseph, and Oversight and Investigation Committee Chair Gale Brewer on School Budgets for Fiscal Year 2023 https://www.smlxtralarge.com/statement-from-chair-adrienne-e-adams-education-committee-chair-rita-joseph-and-oversight-and-investigation-committee-chair-gale-brewer-on-school-budgets-for-fiscal-year-2023/ Mon, 13 Jun 2022 17:44:57 +0000 https://www.smlxtralarge.com/statement-from-chair-adrienne-e-adams-education-committee-chair-rita-joseph-and-oversight-and-investigation-committee-chair-gale-brewer-on-school-budgets-for-fiscal-year-2023/ In response to school budgets released last week with significant changes due to the loss of federal funding and declining public school enrollment, Speaker Adrienne Adams, Education Committee Chair Rita Joseph and Oversight and Investigations Chair Gale Brewer issued the following statement. “Our students are our top priority. That’s why we’re committed to bringing the […]]]>

In response to school budgets released last week with significant changes due to the loss of federal funding and declining public school enrollment, Speaker Adrienne Adams, Education Committee Chair Rita Joseph and Oversight and Investigations Chair Gale Brewer issued the following statement.

“Our students are our top priority. That’s why we’re committed to bringing the full weight of the Council to ensure the critical gaps left by the loss of federal funding and school-specific enrollment are closed when the numbers are updated in September.

“The change in school budgets released last week is the result of the depletion of one-time federal stimulus funds, forcing the city to revert to its existing school budget formula that it had suspended due to these federal funds tied to the pandemic. While the number of students in our public schools has dropped by 120,000 students, the impact on some schools has become deeply concerning. While schools with increased enrollment received proposed school budgets with funding increases due to the formula, other schools received lower proposed budgets without the palliative of federal funding that could result in the loss of important services. . We must focus on equity, ensuring that schools and students who have historically been underserved are prioritized.

“This Council will pursue all avenues available to resolve this issue of lost federal funding. First, the City has already allocated more than $700 million more in municipal funds for schools under this budget than this fiscal year. Second, we will work at the local level with board members to better understand the specific impacts on individual schools in their districts. Third, the Board will hold a joint oversight hearing with the Oversight and Investigations Committee and the Education Committee to identify and review every federal stimulus dollar received or expected by our city that may fill some gaps in lost federal funding. for our schools. And fourth, we will push the Department of Education to prioritize funding in its budget of more than $30 billion to meet specific identified needs for individual schools, transferring money from bloated areas of its central operations. to classrooms and student supports.

“Our students must be our priority, and we will spare no effort to protect them by ensuring that we work with our education stakeholders, scrutinize every federal dollar, and push for Mayor Adams and the Department of Education to keep their promise to the students and families who depend on our school system.

CONTEXT:

Investing in education and youth

In the fiscal year 2023 budget, the Council secured major investments in education and youth programs, in addition to increasing more than $700 million in municipal funds committed to public schools.

  • $277 million for the Summer Rising program to provide free academic enrichment to students.
  • Over $79 million to expand the Summer Jobs for Youth Program to an all-time high of 100,000 (base) locations.
  • $46 million to provide higher and fair wages to preschool and special education daycare providers to support the success of these essential programs that serve our youth.
  • $33.4 million to expand vocational and technical training.
  • $30 million for the Fair Futures program which serves young people going through the foster care system.
  • $19.7 million to double the slots for Work Learn Grow to double the number of year-round jobs for youth to 4,400 jobs.
  • $14 million to restore funding to community schools and add funds to support new schools.
  • $11.2 million to provide additional supports for English language learners.
  • $10 million for childcare for undocumented families.
  • $10 million to advance the Education Equity Action Plan to implement the K-12 Black Studies curriculum across the city.
  • $9.2 million to support the Low Income Child Care Voucher Program.
  • $5.1 million for DOE Community Coordinators to support homeless and immigrant students.
  • $4.4 million for the CUNY Reconnect pilot program to help working-age adults earn a degree that expands their earning potential – across all CUNY campuses, serving 10,000 students in its first year.

###

]]>
For Justin Thomas, a loaded ranking at the RBC Canadian Open is the perfect hunter for LIV Golf | Golf News and Tour Information https://www.smlxtralarge.com/for-justin-thomas-a-loaded-ranking-at-the-rbc-canadian-open-is-the-perfect-hunter-for-liv-golf-golf-news-and-tour-information/ Sat, 11 Jun 2022 23:02:21 +0000 https://www.smlxtralarge.com/for-justin-thomas-a-loaded-ranking-at-the-rbc-canadian-open-is-the-perfect-hunter-for-liv-golf-golf-news-and-tour-information/ Jay Monahan has his hands full this week and beyond — you know, the existential crisis of his tour and all — but this week’s RBC Canadian Open standings should make the PGA Tour commissioner smile. The field at St. George’s this week is heavy on star power but light on depth, which is fine […]]]>
]]>