Tag Archives: cash

Kellyanne Conway’s White Nationalist Retweet Is No Mistake

Mother Jones

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Late Monday, coming off a long evening of responding to Gen. Mike Flynn’s resignation as national security adviser, senior Trump adviser Kellyanne Conway found solace in a tweet from a user named Lib Hypocrisy:

Conway not only retweeted the message but also wrote, “Love you back,” and wished her “Hapless Haters” a happy Valentine’s Day.

But there was just one problem: Lib Hypocrisy is an explicit promoter of white nationalism and other bigotry. This is evident from the account’s profile, which includes the hashtags “#WhiteIdentity” and “#Nationalist.” It features a cartoon image connoting Pepe the Frog, the adopted mascot of the racist “alt-right” movement, and a shout-out to Geert Wilders, the far-right Dutch politician who wants to shut down mosques.

These are some of Lib Hypocrisy’s recent tweets and retweets:

Asked about her retweet of Lib Hypocisy by BuzzFeed on Tuesday, Conway implied that she hadn’t been in control of her account at the time. She said she “obviously” had no idea who Lib Hypocrisy was, adding, “I denounce whoever it is.” The tweets were soon deleted.

Conway’s move continues a long-standing pattern of Trump and his inner circle engaging with white nationalists and then claiming ignorance when confronted about it—as Mother Jones documented in multiple investigations since last summer. Other such “mistakes” include:

Trump failing to disavow support from former Ku Klux Klan leader David Duke when asked about it repeatedly on CNN, and then blaming a “bad earpiece.”
Trump appointing a white nationalist leader as a delegate to the Republican National Convention, and then blaming a “database error” for the move.
Trump tweeting an image of himself superimposed over a picture of WWII-era Waffen-SS soldiers, and then blaming a mistake by an intern.
Gen. Michael Flynn sharing a #NeverHillary tweet that said, “Not anymore, Jews. Not anymore,” and then claiming it was a mistake.

Those are just the cases in which Trump and his backers have backpedaled. There are many other similar instances in which they haven’t even bothered to explain or apologize:

Trump twice retweeting @WhiteGenocideTM
Trump retweeting @EustaceFash, whose header image at the time also included the term “White Genocide.”
Trump tweeting an image of himself as Pepe the frog
Trump tweeting an image of “Crooked Hillary” superimposed over a pile of cash and the Star of David
Donald Trump Jr.’s infamous Skittles tweet
Trump tweeting blatantly false and racially inflammatory crime statistics

The most charitable interpretation of this behavior is ineptitude. Regardless, the result is clear: According to one study of 10,000 Twitter accounts that followed Trump, more than a third also followed the account of at least one prominent booster of white nationalism—a movement now widely regarded as having a direct line into the Oval Office.

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Kellyanne Conway’s White Nationalist Retweet Is No Mistake

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Stephen Colbert Calls Out Donald Trump’s "Small" Million Dollar Loan with the Perfect Challenge

Mother Jones

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Donald Trump is not a self-made billionaire.

But speaking before ordinary Americans on Monday, the real-estate mogul attempted to recast his widely known cushy beginnings by telling the story of a meager one million dollar loan provided by his old man, Fred Trump.

“It has not been easy for me,” he insisted.

On Wednesday, Stephen Colbert took Trump’s humble roots to task by daring him to pay it forward to the kids at Harlem’s Children Zone, a charity organization that helps disadvantaged youth in New York.

“Who knows, the kids you help might one day be so rich that they can blow their cash on a presidential campaign,” the Late Show host said.

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Stephen Colbert Calls Out Donald Trump’s "Small" Million Dollar Loan with the Perfect Challenge

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Some Presidential Campaigns Are Running Out of Cash, New Filings Show

Mother Jones

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When the presidential candidates reported their third-quarter fundraising totals this week, the number to watch wasn’t the size of their hauls but their overall burn rate—how quickly they were spending the cash they raised. The quarterly filings revealed some campaigns that were living within their means and building war chests for the long slog to come, and others that will be lucky to sputter into the early primaries.

On the Democratic side, both Bernie Sanders and Hillary Clinton raised an extraordinary amount of money—$26.2 million and $29.1 million, respectively—and they each ended the third quarter of 2015 with more money in the bank than they started with. That’s something that many of their Republican rivals candidates can’t say.

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Some Presidential Campaigns Are Running Out of Cash, New Filings Show

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Rand Paul’s Campaign Is Experiencing a Money Bomb. The Bad Kind.

Mother Jones

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In 2008 and 2012, Ron Paul became famous for his “money bombs”—internet-fueled fundraising frenzies during which his rabid followers poured millions of dollars into his campaign coffers. But his son’s presidential campaign may be best remembered for a money bomb of another sort. Rand Paul’s campaign confirmed on Thursday that it had raised just $2.5 million over the past three months. To put that in perspective, his dad’s campaign once raised $6 million in one day.

The news comes at a particularly awkward moment for Paul. Earlier this week, Donald Trump taunted the Kentucky senator online, predicting on Twitter that he would be the next GOP hopeful to drop out of the race. Paul laughed off the taunt, calling Trump a clown, but his campaign’s lackluster fundraising is difficult to spin.

Sergio Gor, Paul’s spokesman, said the fundraising situation had actually improved since the most recent GOP debate on September 16. “A key takeaway is that we raised $750,000 in just the last two weeks,” Gor said. “With $2 million cash on hand, our campaign is in for the long haul.”

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Rand Paul’s Campaign Is Experiencing a Money Bomb. The Bad Kind.

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Watch John Oliver Explain How Payday Loans Are Awful

Mother Jones

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Payday lenders are awful, horrible scum who prey on the desperation of the working class. Payday loans are awful, horrible deals wherein a borrower gets a small amount of cash at an exceedingly high interest rate and agrees to pay it back in a short amount of time, typically two weeks. If a borrower can’t pay it back then they’re hit with an avalanche of fees and end up having to borrow more and then its a vicious cycle all the way down. According to the Center for Responsible Lending, the average borrower ends up paying $1,105 to borrow just $305.

On Sunday’s Last Week Tonight, John Oliver made these points and more in a way that will make you eventually run your head into a brick wall because you have no more tears left to shed.

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Watch John Oliver Explain How Payday Loans Are Awful

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The IRS Is Coming For Your Offshore Bank Account

Mother Jones

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It’s always been a pretty simple arrangement for America’s superrich: Park your money in a country whose banks know how to keep a secret and then underreport your assets to the IRS. Without a way to independently verify how much money you have abroad, the taxman had to take your word for how much money you had stashed in a Swiss vault or in a sunny haven like the Cayman Islands. But as of yesterday, the US government will require foreign banks to report their American clients’ assets, or face 30 percent tax penalties on some offshore deposits.

The move is part of the Foreign Account Tax Compliance Act (FATCA), which was introduced in 2010. Since then, more than 80 countries have agreed to open their ledger books to the feds. After some complicated last-minute negotiations, even Russia and China have started to cooperate.

Companies and individuals have long used offshore banking to keep their taxes low: Last year, American multinationals kept an estimated $2 trillion (yes, with a “t”) abroad, according to a Bloomberg analysis. In recent years, tech companies have become some of the most enthusiastic offshore depositors. Between 2010 and 2013, Microsoft more than doubled its foreign stockpile to $76.4 billion, while Apple increased its pot abroad more than fourfold to $54.4 billion.

But while big US companies have stowed a massive pile of cash abroad, US banks hold even more money for foreign clients. According to Tax Justice Network, a British-based advocacy and research group, out of the $21 to $32 trillion kept offshore globally, about 22 percent is kept in the United States—a fact that’s not lost on countries complying with FATCA, some of whom are embracing the law because it means they’ll get to learn a few things about their own citizens’ holdings in the US.

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The IRS Is Coming For Your Offshore Bank Account

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How Democrats Learned to Stop Worrying and Love Citizens United

Mother Jones

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Four years ago, in his inaugural State of the Union address, President Obama famously shamed the Supreme Court’s five conservative justices for their decision in Citizens United v. Federal Election Commission. The court, Obama said, “reversed a century of law that I believe will open the floodgates for special interests—including foreign corporations—to spend without limit in our elections.” Democratic lawmakers, activists, operatives, and donors piled on, condemning the ruling as “scandalous,” a “disaster,” and “bad for American democracy.” When a subsequent court decision, nodding to Citizens United, opened the door to super-PACs, a new breed of political committee that can raise and spend unlimited amounts of cash, Obama branded them “a threat to our democracy.”

The Obama of 2010 might not recognize the Democratic Party of 2014.

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How Democrats Learned to Stop Worrying and Love Citizens United

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Cities compete to win Bloomberg funds for innovative projects

Cities compete to win Bloomberg funds for innovative projects

Last summer, New York mayor and soda-hating bazillionaire Michael Bloomberg’s charity launched “The Mayors Challenge” to award $9 million to five cities “that come up with bold ideas for solving major problems and improving city life.” The field has now been whittled down to 20 top concepts.

“From sustainability and public health, to education and economic development, cities are pioneering new policies and programs that are moving the country forward,” said Bloomberg in announcing the contest. “Historically, cities have seen each other as competitors in a zero-sum game, with neighbors pitted against each other in a battle to attract residents and businesses. But more and more, a new generation of mayors is recognizing the value of working together and the necessity of borrowing ideas from one another.”

Bloomberg seems to miss his own point, though, in setting up a battle for funds between cities, some of which have far more resources and innovation street cred than others (I’m looking at you, San Francisco). That’s part of why I want to give a special shout-out to Milwaukee’s entry for the city’s HOME GR/OWN project.

From Milwaukee Mayor Tom Barrett, writing at The Huffington Post:

Imagine vacant lots becoming orchards, gardens, and small farms. Envision foreclosed houses repurposed as small-scale food processing centers and neighborhood nutrition education sites where people connect to prepare and share healthy food. Imagine neighborhoods where foreclosed properties become assets in a campaign to improve healthy food access and demand.

This kind of a project could turn land use on its head for cities struggling with foreclosures and poverty. Municipal governments are often notorious landholders, keeping a grip on more empty properties than even the biggest, baddest developers and banks.

The other 19 Mayors Challenge finalists have some cool ideas too, from a one-bin recycling system in Houston to a “smart energy neighborhood model” in Phoenix.

But I gotta root for the underdog here. Milwaukee’s population has shrunk by about 5 percent over the last 20 years and the city has been plagued by foreclosure, but Mayor Barrett has long pushed for sustainability. Give ‘em the cash, Bloomberg — they can put it to good use.

Susie Cagle writes and draws news for Grist. She also writes and draws tweets for

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Cities compete to win Bloomberg funds for innovative projects

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