Convenient Timing: Paul Pelosi Sold Computer Chip Stock in Time to Avoid Heavy Losses

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Paul Pelosi, the husband of House Speaker Nancy Pelosi (D-CA), cut his losses in software company Nvidia before the United States placed new restrictions on computer chip sales to China and Russia.

As noted by an analysis from MoneyWise, Pelosi sold 25,000 shares of Nvidia on July 26 at an average price of $165.05 — causing a loss of $341,365, according to a set of disclosures. One month later, Nvidia revealed that the federal government imposed export restrictions on the company’s A100 and forthcoming H100 circuits. The new regulations will “address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user’ in China and Russia,” Nvidia said in a filing with the Securities and Exchange Commission.

Shares in Nvidia fell 7.7% on the news and a total of 16% since Pelosi sold shares on July 26. Pelosi — who was arrested after alleged drunk driving earlier this year — formerly exercised 200 call options on their expiration date of June 17 at a strike price of $100, according to more federal filings.

Drew Hammill, a spokesman for Speaker Pelosi, said in a statement to Fox News that the lawmaker had no knowledge of her husband’s transactions. (Read more from “Convenient Timing: Paul Pelosi Sold Computer Chip Stock in Time to Avoid Heavy Losses” HERE)

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Did the Previous Federal ‘Assault Weapons’ Ban Actually Work?

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This week, President Joe Biden claimed during remarks that ruptured the audience’s eardrums that the previous nationwide ban on so-called “assault weapons” was successful in the mid-1990s and helped to reduce mass shootings for 10 consecutive years until its expiration a decade later. So, did the federal ban actually work?

CLAIM: “I’m determined to ban assault weapons in this country,” Biden declared in a Tuesday speech as he campaigned in the battleground state of Pennsylvania ahead of November’s midterm elections. “Determined,” he repeated. “I did it once before, and we will do it again…It’s not about taking away anybody’s guns,” he insisted.

FACTS: Congress passed a 10-year ban on “assault weapons” under the Violent Crime Control and Law enforcement Act in 1994 back when Biden was a U.S. senator. As a compromise to secure enough votes, the law contained a sunset provision calling for the ban’s repeal after 10 years, and it was not renewed in 2004.

A plethora of research was conducted on the ban’s effectiveness and “consistently found no statistically significant impact on mass public shootings or any other type of crime,” according to a 2018 analysis by the Crime Prevention Research Center. The findings hold true for research funded by the Clinton administration, per think tank Urban Institute’s conclusions in a 1997 final report for the National Institute of Justice: “The evidence is not strong enough for us to conclude that there was any meaningful effect (i.e., that the effect was different from zero).” The same criminologists published a follow-up NIJ study in 2004 where the researchers found: “We cannot clearly credit the ban with any of the nation’s recent drop in gun violence. And, indeed, there has been no discernible reduction in the lethality and injuriousness of gun violence.” The assessment added, “Should it be renewed, the ban’s effects on gun violence are likely to be small at best and perhaps too small for reliable measurement,” mentioning that “[assault weapons] were rarely used in gun crimes even before the ban.”

(Read more from “Did the Previous Federal ‘Assault Weapons’ Ban Actually Work?” HERE)

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Chicago Mayor Says Texas Is ‘Racist’ for Sending Migrants to Her City

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Chicago Mayor Lori Lightfoot lashed out at Texas after her city became the latest target for Gov. Greg Abbott’s migrant busing campaign, calling the move “racist” but saying her city is ready to take the newcomers.

She vowed to welcome the migrants and treat them better than the “racism, discrimination and human cruelty” she said they suffered in Texas, with offers of housing, food and “protection.” Through a spokesperson, she blasted Mr. Abbott for forcing the situation onto her.

“Texas Governor Greg Abbott is without any shame or humanity,” the spokesperson said.

Chicago becomes the latest Democratic-led city to be targeted by Mr. Abbott, who is intent on sharing the massive migrant surge with other parts of the country.

The District of Columbia has received thousands of migrants since the busing campaign started in April. (Read more from “Chicago Mayor Says Texas Is ‘Racist’ for Sending Migrants to Her City” HERE)

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Cries of Racism Over Bank of America’s New Mortgage Program Miss the Bigger Issue

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Bank of America on Tuesday announced a program to help first-time homebuyers in select communities across the country obtain affordable home loans by nixing closing costs and down payments.

The Community Affordable Loan Solution will be available for certain black and Hispanic neighborhoods in Charlotte, Dallas, Detroit, Los Angeles, and Miami, though a bank representative claimed applicants don’t necessarily have to be Hispanic or black to qualify.

A statement announcing the program specifically addresses the homeownership disparity between white and black Americans and hispanic and white Americans. . .

(Read more from “Cries of Racism Over Bank of America’s New Mortgage Program Miss the Bigger Issue” HERE)

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‘It’s Wrong’: CNN Blasts Biden for Using Military as Backdrop for ‘Battle’ Speech

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It didn’t take long after Biden finished his rancid, combative remarks in Philadelphia for the reviews of the latest divisive screed from “Mr. Unity” to come in, and they predictably were not favorable from those among the 70 million Americans he declared were hatefully working to bring about the end of democracy:

In addition to the caustic content of Biden’s message — vote for the people I say or you’re a fascist — the staging was also of note, and not just the ominous red hue that bathed the sides of Independence Hall. No, the two Marines standing at attention behind the president grabbed viewers’ eyes. . .

Meanwhile, even CNN talent was unnerved by the display. Chief National Affairs Correspondent Jeff Zeleny took issue with the staging of the Marines behind Biden for such a political speech, calling it a “break with White House traditions.”

(Read more from “‘It’s Wrong’: CNN Blasts Biden for Using Military as Backdrop for ‘Battle’ Speech” HERE)

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Division of US Military Branch That Faces Down China Orders End of Gender Pronouns; Leaders Claim Move Will Improve Fighting Force’s ‘Lethality’

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A division of the U.S. Pacific Air Forces, which faces down China, ordered the end of gender pronouns in written formats, insisting the move to more neutral language will improve the force’s “lethality,” the Washington Free Beacon reported. . .

“In accordance with the Diverse PACAF priority, ‘We must embrace, promote and unleash the potential of diversity and inclusion,” reads a partial copy of a May email to senior leaders and commanders at the Andersen Air Force Base in Guam, which is part of the Pacific Air Forces. The Free Beacon said it obtained the email.

Base leaders were ordered to not use “pronouns, age, race, etc.” in written performance reviews or other materials, such as recommendations for awards, the outlet said, adding that the directive also said “welcoming and employing varied perspectives from a foundation of mutual respect will improve our interoperability, efficiency, creativity, and lethality.”

“Unauthorized” words and phrases include “He/She did” and “Best male/female,” the Free Beacon said.

A base spokesman confirmed the email’s authenticity, the outlet said, adding that the ban on “pronouns, age, race” is “intended to eliminate any information that could identify the nominee’s name, gender, age, or race so that all members had a fair and equal chance at winning.” (Read more from “Division of US Military Branch That Faces Down China Orders End of Gender Pronouns; Leaders Claim Move Will Improve Fighting Force’s ‘Lethality'” HERE)

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Democratic Senate Candidate Has Two Convicted Murderers on His Campaign Staff

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A Democratic candidate for the U.S. Senate currently employs two convicted murderers on his campaign staff, according to government documents.

John Fetterman, the current lieutenant governor of the commonwealth of Pennsylvania and the Democrat candidate vying for the Senate seat that Sen. Pat Toomey (R) will soon vacate, has on his campaign payroll Dennis and Lee Horton, two brothers convicted of murdering Samuel Alamo nearly 30 years ago.

In May 1993, the Horton brothers and co-conspirator Robert Leaf committed armed robbery at Filito’s Bar in Philadelphia. During the execution of the robbery, three people were shot: Alamo, Luz Archello, and her daughter Luz Martinez.

After the Hortons and Leaf left the bar, a witness was able to give police a description of their getaway vehicle and a partial plate. The cops located the three men and the vehicle about a mile from the bar. Two guns were retrieved from the car, one of which was determined by forensics to be the rifle used in the shooting.

Alamo died from his injuries, but both Archello and Martinez survived and identified the three men as the robbers who had shot them. A third witness who was not injured in the robbery identified them as well. (Read more from “Democratic Senate Candidate Has Two Convicted Murderers on His Campaign Staff” HERE)

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Emails Show Biden Admin Colluded With Facebook, Twitter to Censor Americans

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The Biden administration colluded with social media companies to censor Americans in an effort that involved at least 45 federal officials at the White House, FBI, Department of Homeland Security, State Department, Treasury Department, U.S. Election Assistance Commission, and more.

Missouri Attorney General Eric Schmitt and Louisiana Attorney General Jeff Landry said in a statement on Thursday that a lawsuit filed earlier this year forced the Department of Justice (DOJ) to reveal emails exposing at least 45 federal officials at the Department of Homeland Security (DHS), Cybersecurity and Infrastructure Security Agency (CISA), Centers for Disease Control and Prevention (CDC), National Institute of Allergy and Infectious Diseases (NIAID), and the Office of the Surgeon General who “communicate[d] with social media platforms about ‘misinformation’ and censorship.’”

Among the DOJ’s disclosures is an email from a senior Facebook official to the Surgeon General, which states, “I know our teams met today to better understand the scope of what the White House expects from us on misinformation going forward.”

Another email shows that Twitter scheduled a meeting to debrief top White House officials on “vaccine misinformation” and “ways the White House (and our COVID experts) can partner in product work.” (Read more from “Emails Show Biden Admin Colluded With Facebook, Twitter to Censor Americans” HERE)

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FBI Blasted for ‘Staged’ Photo of Documents Seized in Mar-a-Lago Raid; Liz Cheney Reacts to FBI Image of Trump Documents

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FBI Blasted for ‘Staged’ Photo of Documents Seized in Mar-a-Lago Raid

By Breitbart. The Federal Bureau of Investigation is under fire for a recent photo that showcased documents the Bureau seized from Mar-a-Lago scattered across the floor, leading some to call out the photos for being “staged.”

The photo was included in a DOJ filing submitted late Tuesday that opposed former President Donald Trump’s request for an independent review of the documents the FBI seized from his estate earlier this month.

The photo, which showed several redacted documents and others that were marked “TOP SECRET,” quickly made its way to social media after the DOJ submitted its filing to Federal Judge Aileen M. Cannon.

“DOJ wins daily PR battle with photo of classified documents strewn across floor at Mar-a-Lago,” Washington Examiner chief political correspondent Byron York noted. “Story is Trump alleged mis-handling of classified documents, and just look at them — scattered all over the floor! Can you believe it?”

York then shared a screenshot of a tweet from verified user Cheri Jacobus who posted the DOJ photo and said, “This is how Trump stored Top Secret material he stole.”

(Read more from “FBI Blasted for ‘Staged’ Photo of Documents Seized in Mar-a-Lago Raid” HERE)

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Liz Cheney Reacts to FBI Image of Trump Documents From Mar-A-Lago

By Washington Examiner. Rep. Liz Cheney (R-WY) took to Twitter after the Department of Justice released a photograph of classified documents obtained during the FBI raid of former President Donald Trump’s Mar-a-Lago resort.

Cheney, who has been a major critic of the former president, claimed the image revealed “yet more indefensible conduct by Donald Trump revealed this morning,” according to a tweet posted Wednesday from her account.

The congresswoman, who recently lost her reelection bid to represent Wyoming in Congress, claimed she could have won the party’s nomination in a tweet last week, had she decided to side with the former president in his allegation that the 2020 election was “stolen” by widespread voter fraud.

The FBI’s photograph, which was released in the DOJ’s response to Trump’s request for a special master to look at the materials taken by federal officials during the search, was apparently taken at Mar-a-Lago. The photo provoked ridicule from the former spokeswoman for Vice President Kamala Harris, Symone Sanders-Townsend.

(Read more from “Liz Cheney Reacts to FBI Image of Trump Documents From Mar-A-Lago” HERE)

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Biden Plans to Give Federal Government Workers a Raise in 2023

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President Joe Biden is planning to give federal employees a substantial pay raise in 2023.

In letters to Speaker of the House Nancy Pelosi (D-CA) and Vice President Kamala Harris in her capacity as President of the Senate, Biden announced his plans to give federal government employees an across-the-board pay raise of 4.1%, with an average locality-based pay raise of 0.5%; meaning some 2.1 million federal employees will receive raises of 4.6%, on average. The pay raises will take effect on January 1, 2023.

“Title 5 [of the] United States Code, authorizes me to implement alternative plans for pay adjustments for civilian Federal employees covered by the General Schedule and certain other pay systems if, because of ‘national emergency or serious economic conditions affecting the general welfare,’ I view the increases that would otherwise take effect as inappropriate,” Biden wrote in the letter. “Accordingly, I have determined that it is appropriate to exercise my authority to set alternative pay adjustments for 2023. Specifically, I have determined that for 2023, the across-the-board base pay increase will be 4.1 percent and locality pay increases will average 0.5 percent, resulting in an overall average increase of 4.6 percent for civilian Federal employees, consistent with the assumption in my 2023 Budget.”

Under federal law, if the president wishes to institute a pay raise above and beyond the normal raise, he must submit his plan to Congress by September 1 of the preceding year, including the reasons for instituting the raise. In considering any such raises, the president needs to consider “pertinent economic measures,” including the national GDP, the unemployment rate, the budget deficit, the Consumer Price Index, and the Producer Price Index.

Biden cited a continuing recruitment crisis as the reason for the raise. “Federal agencies have witnessed growing recruitment and retention challenges with Federal positions experiencing eroded compensation,” Biden wrote. (Read more from “Biden Plans to Give Federal Government Workers a Raise in 2023” HERE)

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