Category Archives: Money

Jeff Bezos Still Leads List Of Billionaires

(AP) – Even after his divorce settlement, Amazon founder Jeff Bezos  is still the richest man in the world.

Bloomberg released its Billionaire Index for 2019 and Bezos was first with a net worth of 115-billion-dollars. Second was Microsoft founder Bill Gates at 113-billion.

The only other billionaire in triple digits is French businessman Bernard Arnault  at 105-billion. Bezos gave up at least ten-billion-dollars of his fortune in a divorce settlement with his ex-wife.

Coming in fourth is investor Warren Buffett and fifth is Facebook founder Mark Zuckerberg. Eight of the top ten billionaires on the list are Americans.

Trump Puts Harriet Tubman $20 Bill Put On Hold

(Washington, DC-AP) — Treasury Secretary Steven Mnuchin says a newly designed 20-dollar bill featuring abolitionist Harriet Tubman won’t be coming out next year. Mnuchin told the House Financial Services Committee a new security feature to fight counterfeiting will be part of a redesigned bill in 2020, but a twenty with a likeness of Tubman is unlikely to come out before 2028.

Former Treasury Secretary Jack Lew said in 2016 a new 20-dollar bill with Tubman on the front would be unveiled in 2020 to coincide with the 100th anniversary of the 19th Amendment, which gave women the right to vote.

During the presidential campaign, then-candidate Donald Trump called it “pure political correctness.” The twenty-dollar bill currently features a likeness of Andrew Jackson, one of Trump’s favorite presidents.

Social Security Won’t Pay Full Benefits By 2035

(Washington, DC -AP) — Tens of millions of Americans will only get about 80 percent of their social security benefits by 2035. The annual trustees report released today projects the program will be spending more than it’s bringing in by 2020 and trust funds will be tapped out by 2035.

Trustees urged Congress to take action to reverse the shortfall and guarantee Americans will get their full benefits. The House has already held hearings on Social Security reform and one bill has gained support from more than 200 lawmakers.

Iowa Powerball Winner Comes Forward

(Clive, IA-AP) — Iowa’s winner in the multi-million dollar Powerball lottery is claiming her win. Fifty-one-year-old Redfield resident Lerynne West is taking home just over 198-million dollars in a lump sum after matching all the numbers from her ticket that she bought from a Casey’s in Redfield last month.5798412-0-image-m-19_1541445498575

The ticket was one of two winning tickets, with the other one sold in New York. This is the largest lottery ever won by an Iowan.

Ethan Couch, Who Use ‘Affluenza’ Defense, Out Of Jail

(Fort Worth, TX) – The 20-year-old man who invoked the “affluenza” defense after a deadly crash is now free. Ethan Couch was released from a jail near Dallas today after serving two years for a revoked probation.

Couch was 16 when he struck and killed four people in June of 2013, and is now just over a week away from his 21st birthday. A psychologist testified during his manslaughter trial that Couch’s irresponsibility was the result of his family’s wealth, calling it “affluenza.” Tonya Couch, Ethan’s mother, is awaiting trial on charges of hindering apprehension of a felon and money laundering after fleeing to Mexico with her son in 2015.

Mueller Files New Charges Against Manafort, Gates

(Washington, DC) – New charges are being filed against former Trump Campaign Manager Paul Manafort and associate Rick Gates. The new indictment contains 32 counts, including allegations of federal bank and tax fraud.

The indictment came from a grand jury in the Eastern District of Virginia today. That’s in addition to the 12-count indictment Special Counsel Robert Mueller served Manafort and Gates with in October, alleging money laundering and failure to register as foreign agents while completing work related to Ukraine.

Meanwhile, a lawyer for Manafort is confident Manafort will be cleared of the new charges in the Russia investigation. In a statement, Manafort’s lawyer claimed the new charges don’t have anything to do with Russia or interference in the 2016 election.

Earlier this week, attorney Alex van der Zwaan pleaded guilty to lying to the Special Counsel’s investigators about a conversation he had with Gates in September 2016.

Thanks For The 13 Million In Free Advertisement, Trump Spat Gives Boost To Big Baller Brand

(SL) – President Trump may be helping basketball dad and sportswear entrepreneur LaVar Ball with his attacks on Twitter.

Trump has spent part of the past week chastising Ball for being “ungrateful” after Trump helped his son LiAngelo and two other UCLA players out of a Chinese jail.
The three had been facing shoplifting charges.  Ball’s Big Baller Brand has received the equivalent of 13 million-dollars in free advertising from media coverage of the war of words, according to sports sponsorship company Apex Marketing.
 Ball told CNN, “Tell Donald Trump to have a great Thanksgiving because Big Baller is.”

‘Forbes’ Says Commerce Sec. Ross Lying About Wealth

(SL) – “Forbes” magazine says President Trump’s Commerce Secretary Wilbur Ross is lying about being a billionaire. The 79-year-old has long appeared on the “Forbes” 400 list of America’s wealthiest.

His net worth last year was measured by the magazine at nearly three-billion dollars. But in a scathing report released today, the financial magazine says it intends on “removing him entirely.”

“Forbes” reports Ross’ financial disclosure forms filed after his nomination show he’s worth only 700-million dollars. “Forbes” editors wrote, “It seems clear that Ross lied to us, the latest in an apparent sequence of fibs, exaggerations, omissions, fabrications and whoppers” going back to 2004.

The secretary contends he’s created trusts for his family worth more than two-billion dollars that weren’t included in the cabinet disclosures. But “Forbes” reports that after more digging, it’s now confident “that money never existed.”

Donald Trump Continues To Exploit Presidency For Private Gain As Golf Count Shows Over $72 Million Spent By Taxpayers Already On Trips To His Properties

(SL) – The first thing someone is going to say is, “How much did we spend on Obama?” So, let’s get that out of the way. As Donald Trump even pointed out in one of his tweets .. After 2,360 days in office, taxpayers were on the hook for $44 million for President Obama’s golf outings.20171008_133231 For Donald Trump, after 261 days, we’ve spent $72,392,178 on his golf outings. Even more alarming, his businesses are profiting.

The Economist focused on the conflict of interest in a post two months ago and it seems that here we are still dealing with the same blatant issue and disregard for the constitution and it is in fact worse than ever.

The Economist reported, “PRETTY close to a laughing stock.” That is Walter Shaub’s verdict on America’s standing in the world, at least from an ethics point of view, under President Donald Trump. Mr Shaub’s stepped down as head of the Office of Government Ethics, a federal watchdog.

He left his job early, frustrated at the president’s failure to separate himself from his businesses, at White House foot-dragging on disclosing ethics waivers for staff, at its failure to admonish a Trump adviser who plugged the family’s products in an interview, and more. “It’s hard for the United States to pursue international anticorruption and ethics initiatives when we’re not even keeping our own side of the street clean,” Mr Shaub told the New York Times.

Continue reading Donald Trump Continues To Exploit Presidency For Private Gain As Golf Count Shows Over $72 Million Spent By Taxpayers Already On Trips To His Properties