
Analysis-After Johnson outburst, UK's Sunak faces tax cut demands from divided party
By Elizabeth Piper and Andrew MacAskill LONDON Prime Minister Rishi Sunak will face more pressure from his fractious
2023-06-12 21:20

North Carolina Republicans censure Sen Thom Tillis for backing LGBT+ rights
Republican delegates in North Carolina voted Saturday at their annual convention to censure Thom Tillis, the state’s senior US senator, for backing LGBT+ rights, immigration and gun violence policies. As Sen Tillis has gained influence in Congress for his willingness to work across the aisle, his record of supporting some key policies has raised concerns among some state Republicans that the senator has strayed from conservative values. Several delegates in Greensboro criticised Mr Tillis, who has held his seat in the Senate since 2015, for his work last year on the Respect For Marriage Act, which enshrined protections for same-sex and interracial marriages in federal law. Both the state and national GOP platforms oppose same-sex marriage. But Mr Tillis, who had opposed it earlier in his political career, was among the early supporters of the law who lobbied his GOP colleagues in Congress to vote in favor of it. Others criticised him for challenging former President Donald Trump’s immigration policies and for supporting a measure that provided funds for red flag laws, which allow state courts to authorize the temporary removal of firearms from people who they believe might pose a danger to themselves or others. The North Carolina senator initially opposed Mr Trump’s plan to use military construction dollars to build a wall along the nation’s southern border, but he eventually shifted his position. Tillis spokesperson Daniel Keylin defended the senator’s voting record, writing in an email to The Associated Press that he “keeps his promises and delivers results.” “He will never apologize for his work passing the largest tax cut in history, introducing legislation to secure the border and end sanctuary cities, delivering desperately-needed funding to strengthen school safety and protecting the rights of churches to worship freely based on their belief in traditional marriage,” Mr Keylin said. While the vote Saturday, which took place behind closed doors, cannot remove Mr Tillis from office, supporters said they hope it sends a firm message of dissatisfaction. A two-thirds majority of the state party’s 1,801 voting delegates was needed for the resolution to pass, party spokesperson Jeff Moore said. “We need people who are unwavering in their support for conservative ideals,” said Jim Forster, an 81-year-old delegate from Guilford. “His recent actions don’t reflect the party’s shift to the right — in fact, they’re moving in the exact wrong direction.” Several state legislators, including Sen Bobby Hanig of Currituck County, criticised the decision, saying it’s a bad idea to create more divisions within the party ahead of an election year when party unity will be paramount. “I believe that a mob mentality doesn’t do us any good,” Mr Hanig said. “Senator Tillis does a lot for North Carolina, he does a lot for the coastal communities, so why would I want to make him mad?” State Sen Jim Burgin of Harnett County said the vote to censure Mr Tillis sets a dangerous precedent and does not allow enough flexibility for individual interpretation of party values. Burgin questioned whether his own vote last month for North Carolina’s 12-week abortion ban would similarly put him at risk of being censured because it’s out of line with the Republican platform, which states that life begins at conception. “I don’t think we need to be attacking our own,” he said. “You don’t shoot your own elephants.” Read More ‘We’re here to love each other in the face of hatred:’ Colorado Springs celebrates first Pride since Club Q massacre ‘I don’t hold my husband’s hand in the street’: The sobering reality of being a queer parent Biden marks LGBTQ+ Pride Month with White House South Lawn celebration Scott rolls out dozens of South Carolina lawmakers and local leaders endorsing his presidential bid North Carolina Republicans rally around Trump after indictment Trump pledges to endorse Mark Robinson for North Carolina governor
2023-06-12 20:54

Who is Aileen Cannon? The Trump-appointed judge overseeing his classified documents case
A Florida district judge assigned to oversee Donald Trump’s classified documents case is attracting criticism ahead of his court appearance in Miami – given that it was Mr Trump himself who elevated her to the bench three years ago. Unless she chooses to recuse herself, Aileen Cannon, a federal judge with the US District Court for the Southern District of Florida, will be placed in charge of the timing and progression of the criminal case as well as rulings on motions brought by the defence and prosecution. If the former president is then convicted, she would also be tasked with handing down a sentence to the very man who nominated her to that position. Mr Trump is charged with 37 felony counts related to the mishandling of presidential records, including highly-sensitive national defence information, since his departure from the White House in January 2021. He has so far insisted that he he is “an innocent man” in angry statements and postings to Truth Social, alleging that he is the victim of “rabid wolves” and the “weaponisation” of the justice system by the “corrupt” Joe Biden administration, even as the indictment revealed photos of boxes of files stacked high in the glitzy ballrooms and bathrooms of his Mar-a-Lago estate in Palm Beach. Angela Noble, the court’s chief clerk, has insisted that “normal procedures were followed” in assigning Judge Cannon and magistrate judge Bruce Reinhart to the case after their names appeared on Thursday’s summons. However, Judge Cannon has already come under fire for delivering rulings widely considered favourable to Mr Trump over the course of the investigation into the classified documents. After the FBI executed a search warrant in August 2022 to enter Mar-a-Lago and search for classified documents, lawyers for Mr Trump filed a complaint arguing that the search had been illegitimate and unconstitutional. Judge Cannon subsequently issued an order prohibiting the US government from “further review and use of any of the materials” seized from Mar-a-Lago “for criminal investigative purposes”. The ruling attracted concern in legal circles as an unprecedented instance of a federal judge assuming the authority to halt a pre-indictment criminal investigation into a suspect. Her ruling was later reversed by the US Court of Appeals for the 11th Circuit. Judge Cannon also last year sided with Mr Trump’s request that an independent special master be appointed to review the documents before they could be examined by the Justice Department, a decision that was branded “deeply flawed” by Mr Trump’s own former attorney general Bill Barr. After appointing special master Raymond Dearie, Judge Cannon then overruled a number of his procedural proposals and sided with Mr Trump’s attorneys on several key points. The appeals court ruled that Judge Cannon had “improperly exercised equitable jurisdiction” and directed her to stand down from the case. Slate legal analyst Mark Joseph Stern called that decision “one of the most humiliating appellate smackdowns in recent history, a total demolition of literally every action that Cannon had taken from the outset of the case”, also labelling the judge “a venal mediocrity”. He also suggested that the “total lack of principle” and “evident incapacity to experience shame” was likely to prove beneficial to Mr Trump once again this summer. Judge Cannon is of American-Cuban descent and was born in Cali, Colombia, in 1981. She was raised in Miami where she attended the Ransom Everglades School, then Duke University in Durham, North Carolina, and then the University of Michigan Law School. She clerked for an appellate judge in Iowa for one year after graduating, then worked for the corporate law firm Gibson Dunn in Washington DC, from 2009 to 2012 and then as a federal prosecutor in the Southern District of Florida, based out of Fort Pierce, from 2013 to 2020. Following her nomination by Mr Trump, she was confirmed as a federal judge by the US Senate in November 2020 in the dying days of his one-term administration. Her appointment to the bench came just 12 years after she first qualified to practice law, the minimum experience the American Bar Association requires nominees to have. Judge Cannon is a registered Republican, has been a member of the conservative Federalist Society since 2005 and reportedly donated $100 to Florida governor Ron DeSantis’s gubernatorial election campaign in 2018. Read More Trump news – latest: Trump heads to Miami ahead of arraignment as Bill Barr says ex-president is ‘toast’ Trump’s favourability rises in poll despite indictment Jonathan Turley tells Fox News the Trump indictment is ‘extremely damning’ and a ‘hit below the waterline’ Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-06-12 20:53

Panel to Discuss If There’s a Successor for Credit Suisse’s CDS
The panel that oversees the credit-default swap market, the Credit Derivatives Determinations Committees, will discuss whether there’s a
2023-06-12 20:50

UK's Sunak faces down critics after Boris Johnson honours row
By Sachin Ravikumar LONDON (Reuters) -British Prime Minister Rishi Sunak said on Monday he had rejected a plea from Boris
2023-06-12 19:47

Lindsey Graham ties himself in knots trying to defend Trump over classified documents indictment
Donald Trump’s on-again, off-again ally in the Senate issued a half-hearted defence of the former president on Sunday as Republicans across Washington issued varied responses to the federal indictment against the former president. Sen Lindsey Graham was on ABC’s This Week, where he received a grilling by host George Stephanopoulos about the allegations in the Justice Department’s 37-count indictment, unsealed last week. In one exchange, the South Carolina senator blew up and demanded that he be allowed to finish his remark after Stephanopoulos, attempting to get him back on track, interrupted his spiel about Hillary Clinton and a private email server she used to store data during her time as secretary of State, in violation of federal rules. “You didn't answer the question," Stephanopoulos shot back. "Well, yeah, I'm trying to answer the question from a Republican point of view. That may not be acceptable on this show,” Mr Graham complained in response. He would go on to argue that many Republicans, including apparently Mr Graham himself, see the Justice Department as applying two different standards to Donald Trump and his Democratic rivals like Joe Biden, who was found to have a small trove of classified documents dating back to his time as vice president at his home and office, as well as Ms Clinton, who was investigated by the FBI for her use of the private server. "Most Republicans believe we live in a country where Hillary Clinton did very similar things, and nothing happened to her,” he argued. "Whether you like Trump or not, he did not commit espionage," Mr Graham continued. "He is not a spy. He's overcharged. Did he do things wrong? Yes, he may have. He will be tried about that. But Hillary Clinton wasn't." There are a few facts that undermine the assertion that Mr Trump and his Democratic allies are (or should be) on the same playing field. For one, all indications point to the idea that Mr Trump and his team delayed and fought federal authorities for months after the trove of documents was discovered, only yielding the bulk of them during an FBI raid. Secondly, as secretary of state, Ms Clinton’s records would not fall under the authority of the Presidential Records Act. And thirdly, the FBI investigated Ms Clinton for months in a politically damaging probe that is widely thought to have contributed to her defeat to Donald Trump in 2016, even if it did not eventually end in criminal charges. There are also the other serious allegations that Mr Graham did not discuss, including witness tampering, which only tangentially relate to the ex-president’s choice to retain records and documents from his administration. Mr Graham went on in the interview to reassert that he was still supporting Mr Trump’s third bid for the presidency, even though he would not defend the specific behaviour alleged in the Justice Department’s indictment which he appeared to dismiss entirely as a hit job. His comments are just the latest in a long line of defences for Mr Trump, whose political future he has also vocally opposed on at least two separate occasions, including in the runup to the 2016 Republican nominating convention as well as the immediate aftermath of January 6. The South Carolina senator is considered a case study of the Republican Party’s evolution under Mr Trump, which continues to force many of the ex-president’s former detractors to return to his embrace in order to protect their political futures. Read More Trump news – latest: Trump heads to Miami ahead of arraignment as Bill Barr says ex-president is ‘toast’ What a Florida grand jury and judge means for Trump’s indictment Bill Barr gives devastating view of Trump indictment on Fox News: ‘If even half of it is true, he is toast’ What is an indictment? Here’s what Donald Trump is facing ‘If even half of it is true, he is toast’: Bill Barr gives devastating view of Trump indictment on Fox News Trump allies cite Clinton email probe to attack classified records case. There are big differences
2023-06-12 19:26

Bill Barr gives devastating view of Trump indictment on Fox News: ‘If even half of it is true, he is toast’
Former Trump administration attorney general Bill Barr gave a devastating analysis of the indictment against Donald Trump, his former boss, in an appearance on Fox News Sunday. Mr Barr said that if even half of what is alleged in the 49-page, 37-count document is true, then the former president is “toast”. Host Shannon Bream asked the former attorney general about the argument from Trump loyalists that the case should have been handled under the Presidential Records Act and not under the Espionage Act. Mr Barr explained that this all began under the Presidential Records Act with the National Archives trying to retrieve the documents that Mr Trump had no right to have. However, it quickly became apparent that the government was particularly worried about how sensitive the classified documents were. He continued by saying that their sensitivity and how many there were shocked him, and that because Mr Trump had wilfully retained those materials that made the counts under the Espionage Act “solid”. “If even half of it is true, he is toast,” the former attorney general told Bream. “I mean, it’s a very detailed indictment, and it’s very, very damning.” Mr Barr also demolished claims that Mr Trump is some kind of victim being politically persecuted in a Democrat-led witch hunt. “This idea of presenting Trump as a victim here or a victim of a witch hunt is ridiculous,” he said. “Yes, he’s been a victim in the past. His adversaries have obsessively pursued him with phony claims. And I’ve been at his side defending against them when he is a victim. But this is much different. He’s not a victim here.” Mr Barr continued: “He was totally wrong that he had the right to have those documents. Those documents are among the most sensitive secrets that the country has. They have to be in the custody of the archivist. He had no right to maintain them and retain them.” The former attorney general then reminded viewers of his history of sticking up for Mr Trump despite the current hostility the former president now has for him. “He’s been angry with me for a while,” Mr Barr told Bream. “But you know, I defended the president on Russiagate. I stood up and called out Alvin Bragg’s politicised hit job. And I have spoken out for 30 years about the abuse of the criminal justice process to influence politics.” He continued: “But this is simply not true. In this particular episode of trying to retrieve those documents, the government acted responsibly. And it was Donald Trump who acted irresponsibly.” In further remarks, he said that the entire classified documents case came about because of the reckless conduct of the former president, something he has said before. Mr Barr also noted: “There are two big lies that are out there right now. One is that: ‘oh, these other presidents took all these documents’ ... and the second thing is this idea that the president has complete authority to declare any document personal is facially ridiculous.” The former attorney general’s remarks did not go unnoticed by his former boss, who took to Truth Social calling him a “gutless pig” and telling his followers to turn off Fox News whenever Mr Barr is on as a guest. Virtually everyone is saying that the Indictment is about Election Interference & should not have been brought, except Bill Barr, a “disgruntled former employee” & lazy Attorney General who was weak & totally ineffective. He doesn’t mean what he’s saying, it’s just MISINFORMATION. Barr’s doing it because he hates “TRUMP” for firing him. He was deathly afraid of the Radical Left when they said they would Impeach him. He knows the Indictment is Bull…. Turn off FoxNews when that “Gutless Pig” is on! @realDonaldTrump Mr Barr had previously drawn the former president’s ire by predicting he would face charges over the classified documents found at his Mar-a-Lago home in Florida. He also described it as a crisis of his own making. Mr Trump lashed out at him for those comments calling him “sloppy” and “weak”. The former attorney general has also warned that Mr Trump getting a second term as president would “deliver chaos” to the country. “If you believe in his policies, what he’s advertising as his policies, he’s the last person that could actually execute them and achieve them,” Mr Barr said at a City Club of Cleveland luncheon in Ohio in early May. Read More Trump news – latest: Trump heads to Miami ahead of arraignment as Bill Barr says ex-president is ‘toast’ Trump savages Bill Barr three times in sprawling interview with Roger Stone Trump’s favourability rises in poll despite indictment Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-06-12 18:57

Sam Bankman-Fried’s Risky Japan Trade Seeded a Crypto Empire
Fresh out of college, Sam Bankman-Fried had a trading job at Jane Street Group in New York. As
2023-06-12 16:29

Credit Suisse's Exit From Stock Benchmark Shows Fading Heft of Swiss Financials
Credit Suisse Group AG’s imminent exit from the Swiss Market Index is symbolic of the decreasing importance of
2023-06-12 16:16

Crypto Resumes Drop After SEC Crackdown Led to Weekend Selloff
Cryptocurrencies resumed losses Monday, though staying above their weekend lows, as last week’s regulatory crackdown by the US
2023-06-12 15:17

UBS Completes Credit Suisse Takeover to Create Bank Titan
UBS Group AG completed the acquisition of former rival Credit Suisse Group AG, sealing the biggest merger in
2023-06-12 14:28

Trump’s favourability rises in poll despite indictment
The popularity of Donald Trump rose among Americans despite him becoming the first president to be indicted twice, while Joe Biden’s favourability marked a decline, according to a latest poll The poll suggested that the ex-president was consolidating more and more support from the people who believe his federal indictment was politically motivated at a time when he is running for the White House and is considered as the front-runner for the 2024 GOP presidential nomination. Mr Trump emerged as the favourable choice of 31 per cent of people, marking a six per cent rise from April, a poll by ABC News and Ipsos conducted after his second indictment suggested. Mr Biden’s popularity was tied with Mr Trump, with 31 per cent of people finding him a favourable choice. His ratings marked a decline of three per cent, hitting an all time low since 2020, in what was the worst indication for the president who launched his re-election bid for 2024 elections. The survey was conducted on 9-10 June with 910 people interviewed on a range of questions, including their view on criminal charges brought against the former president. Mr Trump was continuing to consolidate support even after his first indictment in New York in alleged hush money payments to adult film star Stormy Daniels and his latest in the classified documents case. A federal grand jury indicted the former president on 8 June on charges stemming from his alleged unlawful retention of national defence information. The 49-page indictment was unsealed on Friday (9 June), revealing 37 counts against the ex-president. His favourability correlated with how people felt about charges bought against him. Around 47 per cent of people said the charges against Mr Trump were politically motivated, compared to 37 per cent who did not see politics behind the indictments. At the same time, more people wanted Mr Trump to be charged and held accountable for federal felonies than those who believe he should not be. Nearly half – 48 per cent of Americans – said Mr Trump should have been charged in the cases while 35 per cent voted against it. In his first public address since the Department of Justice unsealed its indictment, Mr Trump called the charges “ridiculous and baseless” returning to the campaign trail. “This is a political hit job. Republicans are treated far different at the Justice Department than Democrats,” Mr Trump claimed at a state GOP convention in Columbus. “They’re cheating, they’re crooked, they’re corrupt – these criminals cannot be rewarded, they must be defeated.” Read More Trump, allies escalate attacks on criminal case as history-making court appearance approaches Is Donald Trump going to prison? Watch as hundreds of Trump supporters gather in Florida after indictment of ex-president Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-06-12 13:27