by T.A. DeFeo A global apparel company plans to spend $87 million on a Bryan County manufacturing and distribution facility. Jersey City, New Jersey-based Komar Brands, a company established in 1908 and whose portfolio includes “owned, licensed, and private-label brands,” plans to create 294 new jobs as a part…Read More
Day: November 28, 2022
Two Estonian Citizens Arrested for Alleged Involvement in $575 Million Cryptocurrency Fraud
The Department of Justice announced on Monday that two Estonian citizens were arrested on Sunday in Tallinn, Estonia on an 18-count indictment for alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy.
The two men, Sergei Potapenko and Ivan Turõgin, both 37 years old, allegedly defrauded hundreds of thousands of people out of money by convincing victims to enter into fraudulent equipment rental contracts with the defendants’ cryptocurrency mining service called HashFlare.Read More
Report: 41 Percent of Small Businesses Can’t Pay Rent in November
More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.
The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.Read More
Labor Department Approves Investing Pensions in ‘Woke’ ESG-Only Funds
The U.S. Labor Department announced plans to allow pension fund managers to “consider climate change and other environmental, social and governance factors,” also known as ESG, when choosing investments.
In an announcement about the final rule last week, the agency criticized the Trump administration, stating, “the department concluded that two rules issued in 2020 … unnecessarily restrained plan fiduciaries’ ability to weigh environmental, social and governance factors when choosing investments, even when those factors would benefit plan participants financially.”Read More
Hyundai’s Electric Vehicle Systems Supplier Announces $926 Million Facility in Bryan County
Automotive parts manufacturer Hyundai Mobis plans a $926 million Electric Vehicle (EV) Power Electric system plant in Bryan County; the plant will supply systems to Hyundai factories in Bryan County and in Alabama, and to the Kia Georgia plant in West Point.
“Hyundai Mobis’ investment project in Bryan County reflects an acceleration in the development of the EV supply chain in Georgia’s auto industry,” Hyundai Mobis Electric Powertrain Business Unit Vice President H. S. Oh said in a press release. “We’re going to be a major production player in the EV market, and that’s going to trigger more growth within the sector. Mobis is looking forward to providing high-quality work opportunities to the growing local workforce.”Read More
Commentary: Congress Needs to Investigate Whitmer Kidnapping Hoax
A federal judge next month is scheduled to sentence two men convicted of conspiring to kidnap Michigan Governor Gretchen Whitmer from her lakeside cottage in the fall of 2020. Adam Fox, the alleged ringleader, and Barry Croft, Jr. face years in prison.
During the first trial in April, Fox and Croft received a hung jury while two co-defendants were acquitted on all charges based on extensive evidence of FBI entrapment. A jury found Fox and Croft guilty after a second trial in August thanks to the same judge putting his thumb—body?—on the scale in favor of the government.Read More
Commentary: Predictably, the Republicans Form Their Circular Firing Squad
With the disappointing midterms, Republicans have lost a major battle in the fight to restore American greatness. We are now rapidly approaching the final standoff between the flailing Republican Party and the reenergized Democratic Party. The Democrats survived what should have been a political bloodbath in 2022, and the Right seems to be in the most vulnerable position since the 1960s, when Republicans were essentially a permanent minority in Washington.
It could happen again. Whether the GOP returns to minority status in two years will depend on the party determines who will be its nominee in the next presidential election. While many on the Right assume it will be Donald J. Trump, there are other candidates in the offing.Read More
Commentary: Mob Rule and the Death of Trust
It’s been clear to millions of Americans for decades that the media was biased, that the Democratic Party and their government employee union allies controlled and corrupted big city elections, and that the “climate crises” and the threat of “white supremacy” were being oversold. These and other annoyances were perennial. But for many skeptics, the level of mistrust remained tolerable. The system itself was resilient. Nothing is perfect. The tide can turn. The good guys could still win. The 2015 arrival of Donald Trump on the national political scene changed the rules. The system not only revealed itself to be even more fraudulent than most people had previously believed, but it became malevolent.Read More
Commentary: Trump’s Arc Must Play Out
In August, Carl Benjamin, also known as Sargon of Akkad, posted a persuasive intellectual case for Donald Trump’s candidacy in which he said that “Trump is the protagonist of an important moral story whose narrative arc has yet to resolve. And resolve it must.”Read More
Farmers Can Expect High Interest Rates and Higher Costs Next Year
Farmers borrow short term money up front every year to pay for inputs and operating expenses. At harvest time when they sell their crops, they pay back their operating notes.
For the first time in 20 years, fast-rising interest rates have doubled the cost of short term operating notes, an impact a lot of farmers have never seen before.Read More
U.S. Senate to Vote on ‘Respect for Marriage Act’ as Several Groups Question its Constitutionality
Several groups argue the Respect for Marriage Act (ROMA) currently before the U.S. Senate is unconstitutional, and if enacted, will eventually be struck down by the U.S. Supreme Court.
The bill, HR 8404, was introduced in the House by U.S. Rep. Jerry Nadler, D-NY, on July 18 and passed by a vote of 267-157 the next day. The U.S. Senate took it up on November 14.Read More
Chinese Drone Threat Raises Foreign Espionage Concerns Among U.S. Officials
Enough Chinese-made recreational drones have been spotted in restricted airspace in the Washington, D.C. area to raise foreign espionage concerns among U.S. government agencies and lawmakers alike.
The drones, which are manufactured by DJI and sold at major retailers, can be altered by users to override the geofencing limitations that prevent the devices from flying over sensitive locations.Read More
Commentary: Large Racial Reading and Math Performance Gaps Persist as Children Age
The dominant response to the recently-released NAEP Report Card on 4th and 8th grade proficiency scores has been to focus on the adverse effects of school closures: declining competencies, particularly for the lowest performing students. What is buried in the report is the continued alarmingly low black student scores on both reading and math sections and their inability to close the racial gap as they move from the 4th to 8th grade.Read More
IRS Warns Taxpayers of New $600 Threshold for Reporting Third-Party Payments
The IRS this week warned taxpayers about its new $600 reporting threshold for third-party payments and the need to fill out a 1099-K form should taxpayers exceed that limit.Read More
Medical Schools Are Offering ‘Incentives’ for Departments That Hit Diversity Targets: Report
More than a third of medical schools are offering incentives to departments to hit their diversity targets, according to a November report from the American Association of Medical Colleges (AAMC).
Of the 101 medical schools surveyed, 35.6% offered performance incentives to reach their diversity, inclusion and equity goals, according to the report. The survey revealed widespread adoption of diversity-oriented initiatives in medical schools nationwide, including mandatory diversity classes, assessment of staff members’ “contributions” to diversity goals and campus-wide climate assessments.Read More