Mother of Disgraced Crypto Billionaire Sam Bankman-Fried Is a Democratic Fundraiser Who Once Wrote Essay Blasting ‘Personal Responsibility’

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The mother of former FTX CEO Sam Bankman-Fried is a law professor and Democratic fundraiser who once wrote an essay decrying “personal responsibility.”

The cryptocurrency platform filed for bankruptcy last week after users discovered that adjacent trading firm Alameda Research had allegedly been using consumer holdings from FTX to make investments. Following the incident, in which billions of customers’ dollars may have been stolen, the life of Bankman-Fried has come under scrutiny.

Barbara Fried, the mother of Bankman-Fried, is a law professor at Stanford University who has written about “questions of distributive justice” in areas such as tax policy and political theory. She also runs a political action committee called Mind the Gap, which fundraises for the Democratic Party among executives in Silicon Valley. The organization raised nearly $4 million in the most recent midterm election cycle, according to data from Open Secrets, which showed that FTX Director of Engineering Nishad Singh made a $1 million contribution.

Facebook co-founder Dustin Moskovitz and former Google CEO Eric Schmidt have also backed the organization, according to a report from Vox, which described one of the entity’s purposes as avoiding “public detection.”

Bankman-Fried himself contributed nearly $39 million to various campaigns during the recent midterm elections, with 99.6% of funds benefiting Democratic candidates, according to more data from Open Secrets, which listed him as the nation’s sixth-largest individual midterm donor. He was previously the second-largest contributor to President Joe Biden amid his successful bid for the White House. (Read more from “Mother of Disgraced Crypto Billionaire Sam Bankman-Fried Is a Democratic Fundraiser Who Once Wrote Essay Blasting ‘Personal Responsibility’” HERE)

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GOP Is Holding Democrats Accountable for the Border Crisis

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Rep. Jim Jordan (R-OH), who is set to be the leader of the House Judiciary Committee, is calling on 11 Department of Homeland Security officials to give voluntary testimony and compliance as Republicans launch an investigation into the border crisis and the politicization of the Justice Department.

In a letter, Jordan criticized ten officials, including DHS Secretary Alejandro Mayorkas, over “serious allegations of abuse and misconduct within the senior leadership.”

For the past 21 months, Republicans have investigated the lawlessness of the department that has allowed for chaos at the border. Since the GOP won the House, those investigations will intensify.

“Over the past twenty-one months, we have made several requests for information and documents concerning the operations and actions of the Department of Homeland Security (DHS) and its components,” Jordan’s letter states. “To date, you have ignored these requests, or you have failed to respond sufficiently.” (Read more from “GOP Is Holding Democrats Accountable for the Border Crisis” HERE)

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Elon Musk Reinstates Three Big Twitter Accounts

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In a thread posted Friday afternoon, Elon Musk shared more about his plans for Twitter’s philosophy surrounding expression on the platform and announced a few accounts that had been reinstated.

Explaining Twitter’s new policy as “freedom of speech, but not freedom of reach,” Musk stated that posts deemed “negative/hate tweets” would be “max deboosted & demonetized” and only visible to those who “specifically seek it out.”

Musk did not share who would make such decisions or how tweets would be deemed negative or hateful, details that will hopefully be forthcoming as one of the old Twitter’s biggest issues was selectively enforced content standards that seemed to be based on the whims of liberal mobs and the feeble sensitivities of the tech company’s moderation team.

Musk did clarify that the new Twitter policy regarding “deboosted” tweets found to be negative or hateful would only apply to individual posts, and not to accounts posting such content.

(Read more from “Elon Musk Reinstates Three Big Twitter Accounts” HERE)

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State’s New Gun Control Law Sparks Buying Spree as Thousands Race to Get Firearms

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Oregon’s new law that will rigidly tighten the state’s gun restrictions led to a massive uptick in attempted firearms purchases, according to NBC affiliate KGW8.

Ballot Measure 114 was passed during the midterm elections and is credited as one of the most restrictive gun laws in the country, sending background checks skyrocketing from 850 per day, prior to the midterms, to 4,000 per day after the law’s passing, according to KGW8. The measure, often referred to as the Reduction of Gun Violence Act, will require deeper background checks, firearm training, fingerprint collection and a permit to purchase any firearm, according to the legislation, set to be effective in December.

The Oregon state police reported more than 18,000 transactions during election week, resulting in a backlog in background checks, according to KGW8. In 2020, COVID-19 restrictions caused a backlog in background checks that eventually leveled off right before the elections, the Oregon State Police reported.

The measure’s requirements have caused controversy for gun owners in Oregon, leading Lincoln County Sheriff Curtis Landers to release a statement Wednesday clarifying the new law.

(Read more from “State’s New Gun Control Law Sparks Buying Spree as Thousands Race to Get Firearms” HERE)

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Elon Musk Mocks Senate Democrats for Calling for FTC to Investigate Twitter

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Twitter CEO Elon Musk took a shot at Senate Democrats on Friday after several members penned a letter to the Federal Trade Commission asking they investigate any potential consent decree or consumer protection laws violated by the social media giant.

Musk mocked the senators for calling for the probe while remaining mum on the historic implosion of the crypto currency exchange company FTX, which has declared bankruptcy after losing billions of dollars.

He made his case by tweeting a meme showing two Rhinoceroses mating behind a wildlife photographer who’s paying no mind to the scene.

[Warning: Tweet contains explicit content.]

(Read more from “Elon Musk Mocks Senate Democrats for Calling for FTC to Investigate Twitter” HERE)

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How Joe Biden Used Taxpayer Money to Buy Young Voters in the 2022 Midterms

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In the lead-up to the 2022 midterms, President Joe Biden had American universities use taxpayer-funded Federal Work Study programs to pay college students to engage in voter registration campaigns for the benefit of Democrats.

“[O]n its face, you have to question whether this is legal or not,” Thomas Jones, president of the American Accountability Foundation, told The Federalist. “Their target audience here, college students, is overwhelmingly liberal and Democratic, so you have to question whether ‘non-partisan’ is really non-partisan.”

Last April, the Biden administration told universities they are required under the Higher Education Act of 1965 to “make a good faith effort” to make mail voter registration forms “widely available” to their students. But the president’s acting assistant secretary for the Office of Postsecondary Education, Michelle Asha Cooper, went much further, claiming that as part of such efforts to increase voter registration among their students, universities may use work-study funds — which are used to provide part-time campus jobs to help students with tuition costs — to pay students to “support voter registration activities.”

Having taxpayers fund get-out-the-vote activities that support Democrats in this way had previously not been allowed. (Read more from “How Joe Biden Used Taxpayer Money to Buy Young Voters in the 2022 Midterms” HERE)

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Report: New York Paid $11 Billion in Fraudulent Unemployment Claims in a Single Year of COVID

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Add another infraction to the list of New York’s crime problems: fraud. A report recently released by the state’s comptroller found that, in the first year after the Covid pandemic hit, the state paid out at least $11 billion in fraudulent unemployment claims.

That staggering sum reflects one state’s worth of fraudulent claims in one year. And the fraud’s far-reaching consequences will continue to hurt businesses while exacerbating inflation for families. . .

The report notes the explosion of unemployment insurance payments when lockdowns shut down most of the economy. From April 1, 2020, through March 31, 2021, the state paid out more than $76 billion in unemployment claims — a more than 31-fold increase from the previous year.

The skyrocketing caseloads, coupled with New York’s generations-old UI computer systems, led to widespread fraud. During that same 2020-2021 period, the estimated fraud rate more than tripled to 14.48 percent, up from just 4.51 percent the prior year. Multiplying the 14.48 percent fraud rate by the amount paid out in benefits yields an estimated total fraud of just over $11 billion.

Believe it or not, the news gets worse. In the following year, which ended this past March 31, the fraud rate in New York’s UI program grew even higher, to 17.59 percent. All told, the improper payment rate — which includes payments made in the wrong amount or without the correct documentation, in addition to outright fraud — reached 28.89 percent in 2021-22. Put another way, nearly 3 in 10 unemployment dollars paid out by New York state either were paid incorrectly or fraudulently. (Read more from “Report: New York Paid $11 Billion in Fraudulent Unemployment Claims in a Single Year of COVID” HERE)

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Biden Warns of Upcoming ‘Setbacks’ in the Economy

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President Joe Biden warned Americans on Friday to expect setbacks in his ongoing attempts to fix the economy.

“It’s going to take time to get inflation back to normal levels as we keep our job market strong, so we could see setbacks along the way,” he said at the White House, promising to stay “laser-focused” on the economy.

He also claimed that inflation at the grocery store was “down slightly,” even though the cost of food at home is up 12.4 percent from the previous year.

The president met with a group of business and labor leaders on his imitation White House video set to talk about the economy and delivered about seven minutes of remarks before sending the press out of the room. (Read more from “Biden Warns of Upcoming ‘Setbacks’ in the Economy” HERE)

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Trump Argues He Can’t Be Indicted for Jan. 6 Because of ‘Double Jeopardy’

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Former President Donald Trump on Friday floated the unfounded legal theory that he can’t be indicted by federal prosecutors over the Jan. 6 capitol riot because he was already impeached by Congress over the matter.

The 76-year-old former president made the argument at an America First Policy Institute gala held at his Mar-a-Lago estate on Friday. During his speech, Trump also railed against Attorney General Merrick Garland’s appointment of a special counsel to handle federal investigations into him.

“I thought this was all done … or very close to being done,” Trump said of the federal probe into him related to Jan. 6.

“I was tried on the fake impeachment hoax on Jan 6, and they tried it in the Senate, they went through the whole process, and we won,” Trump said.

“We went through the whole process, so wouldn’t this sort of be a — and then you take a look at the other, we went through two of them – and isn’t this sort of like double jeopardy?” the former president floated. (Read more from “Trump Argues He Can’t Be Indicted for Jan. 6 Because of ‘Double Jeopardy’” HERE)

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DeSantis 2024? Governor Has Strong Lead Over Trump in New Primary Poll, Beats Biden in Popular Vote; Trump v Desantis: Republicans Split Over 2024 Run and Predict ‘Blood on the Floor’

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By Daily Wire. Florida Governor Ron DeSantis has a seven point lead over former President Donald Trump in who Republican voters want to see as the party’s 2024 presidential nominee, according to a new poll released this week.

The Economist/YouGov poll found that Republican voters want DeSantis over Trump, 46% to 39%, and Independent voters also want DeSantis over Trump, 34% to 21%. For all voters, DeSantis had a whopping 15-point lead over the former president, 43% to 28%.

DeSantis beat Trump in every demographic that the poll measured except among Hispanic voters, as the two candidates were tied 37% to 37%.

DeSantis beat Trump in the following demographics: Men (+6%), women (+20%), whites (+15%), blacks (+17%), 18-29 year olds (+12%), 30-44 year olds (+1%), 45-64 year olds (+18%), 65+ year olds (+19%), income <$50k (+6%), income $50-$100k (+22%), $100k+ (+15%), 2020 Biden Voters (+21%), 2020 Trump Voters (+11%), Democrats (+19%), Independents (+13%), Republicans (+7%), Liberals (+5%), Moderates (+19%), Conservatives (+18%), Urban (+8%), Suburban (+19%), and Rural (+11%). The poll comes after a poll from YouGov last week found that DeSantis had gained an advantage over Trump in who Republicans wanted to see as the party’s 2024 nominee. (Read more from "DeSantis Has Strong Lead Over Trump in New 2024 Primary Poll, Beats Biden in Popular Vote" HERE)

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Trump v Desantis: Republicans Split Over 2024 Run and Predict ‘Blood on the Floor’

By The Guardian. Terri Burl was an early member of Women for Trump. As chair of her local Republican party branch in northern Wisconsin, she twice campaigned vigorously for his election in the key swing state. By the time Trump left office, Burl rated him the greatest president since Ronald Reagan. Maybe even better.

But now Burl has had enough.

She viewed the prospect of Trump announcing another run for the presidency – as he did in Florida on Tuesday evening – with trepidation. Burl predicts “a lot of blood on the floor” if it comes to a fight with rightwing Florida governor Ron DeSantis for the Republican nomination, and defeat in the 2024 election if the former US president is the candidate.

“I will back whoever the Republicans choose to run in 2024. That’s a given. But I want them to go through the primaries and I hope it’s not Trump. He has too much baggage now. We need new blood because it’s obvious that he can’t get to business now without doing things to make people angry. His behaviour hasn’t changed,” she said. . .

The Republicans’ failure to deliver the much promised “red wave” in the midterms was a significant blow to Trump’s claim to be the voice of his party’s voters, not least because of the defeat of key candidates endorsed by him. But backing from the grass roots, which gave him a tight grip on the Republicans for years and kept its hostile leadership at bay, has been eroding for months. (Read more from “Trump v Desantis: Republicans Split Over 2024 Run and Predict ‘Blood on the Floor’” HERE)

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