June, 05 2014, 03:59pm EDT
For Immediate Release
Contact:
Hannah Shultz, Communications Director
hannah@jubileeusa.org / (o) (202) 783-3566 x101 (m) (319) 541-7357
G7 Discusses Ukraine, Debt, Taxes and Transparency
WASHINGTON
The G7 concluded its annual summit today. The summit was dominated by discussions on the Ukraine, but debt, taxes and financial reform were also important focuses.
Eric LeCompte, Executive Director of Jubilee USA, a religious anti-poverty organization, releases the following statement:
"Although the Ukraine crisis dominated the G7 conversation, it acknowledged the need to address the global debt crisis before we have another global financial crisis. The clock is ticking.
"It's important that the G7 acknowledged the need to curb tax avoidance, end corruption and promote transparency. We need greater commitments from world leaders as soon as possible to lift people out of poverty."
Read the official Brussels G7 Summit Declaration.
Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.
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US Pariah Status Grows as Finland Resumes UNRWA Funding
"Collectively punishing millions of Palestinians over allegations concerning a few individuals is never acceptable," said one campaigner. "Other E.U. member states must follow."
Mar 22, 2024
As the United States doubled down on banning funds for the United Nations agency for Palestinian refugees, Finland said Friday that it would resume contributions to the lifesaving organization in an implicit rebuke of unsubstantiated Israeli claims—reportedly extracted via torture—that staff members were involved in the October 7 attacks.
Finnish Minister for Foreign Trade and Development Ville Tavio announced during a press conference that the country's €5 million ($5.4 million) annual contribution to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) would be reinstated, with 10% of the funding reserved for "risk management."
"Improving UNRWA's risk management, i.e. starting to prevent abuses and close supervision, gives us sufficient guarantees at this stage from the perspective of risk management that support can continue," said Tavio. "As a result, UNRWA's support for this year will proceed."
"In the future, UNRWA will also require annual bilateral discussions with Finland on how to improve the efficiency of risk management," the minister added. "It is of paramount importance to ensure that our money does not end up benefiting terrorism."
Led by the United States, more than a dozen nations including Finland suspended UNRWA funding after Israeli officials accused 12 of the agency's 13,000 employees in Gaza of participating in the Hamas-led attacks on southern Israel.
UNRWA Commissioner-General Philippe Lazzarini terminated nine of the 12 employees accused by Israel. However, Lazzarini later admitted to having no evidence to support their firing, calling the terminations an act of "reverse due process." An Israeli dossier cited by countries suspending UNRWA funding also contained no concrete evidence of staff involvement in the October 7 attacks.
U.S. Sen. Chris Van Hollen (D-Md.) earlier this week called Israeli claims that UNRWA is a Hamas proxy "flat-out lies."
UNRWA employees say they were tortured into making false confessions about involvement in Hamas and October 7. The staffers accuse Israeli interrogators of severely beating and waterboarding them, as well as threatening to harm their relatives.
The European Union and nations including Canada, Sweden, Denmark, and Australia subsequently resumed funding for UNRWA, while other contributors including Saudi Arabia increased their donations.
"For the time being there is no alternative to UNRWA," Danish Minister for Development Cooperation Dan Jørgensen said earlier this week.
The United States, however, continues to withhold UNRWA contributions, as do other nations including Japan, Germany, France, and the United Kingdom. An agreement reached earlier this week between Congress and the White House as part of a $1.1 trillion militarized spending package extends the ban on UNRWA funding until next March.
On Friday, the House of Representatives voted 286-134 on a bill sanctioning UNRWA while giving Israel $3.8 billion in armed aid. The Biden administration is also seeking an additional $14.3 billion in armed assistance for Israel while repeatedly sidestepping Congress to expedite emergency weapons shipments.
UNRWA supports Palestinian refugees not only in Gaza and the illegally occupied West Bank and East Jerusalem, but also in Jordan, Lebanon, and Syria. In Gaza, agency staff provide shelter, food, water, clothing, blankets, and other essential humanitarian assistance amid Israel's genocidal war and siege, which have killed and maimed more than 113,000 Palestinians while displacing around 90% of the embattled strip's 2.3 million people. With deadly starvation spreading rapidly in Gaza, the agency's work is more needed than ever.
It's perilous work. According to figures from the Aid Worker Security Database, at least 196 humanitarian workers—most of them UNRWA staffers in Gaza—have been killed in Palestine since last October. One in every 100 UNRWA workers in Gaza has been killed by Israeli bombs and bullets, the highest toll in United Nations history.
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$3 Billion From Truth Social Merger Unlikely to Fix Trump's Money Trouble
The ex-president is facing potential asset seizure if he can't post a $454 million bond for a New York fraud case.
Mar 22, 2024
Digital World Acquisition Corp. shareholders on Friday approved a merger involving former U.S. President Donald Trump's social networking platform—but a multibillion-dollar windfall from the deal isn't expected to help him with the $454 million bond he needs to post for a New York fraud case by Monday.
Trump's deal with the special purpose acquisition company (SPAC) was announced back in 2021 and finally got approval from the Securities and Exchange Commission last month. Thanks to the merger, Trump Media & Technology Group—whose primary product is Truth Social—could be trading on the stock market under the ticker symbol DJT next week.
Digital World had a $42.81 closing stock price on Thursday and Trump is set to own nearly 79 million shares, which works out to over $3 billion. However, a Wall Street provision known as a "lock-up" agreement will block Trump—the presumptive Republican presidential candidate for the November election—from swiftly ditching that stock to cover his mounting legal costs.
As The Associated Pressdetailed before the merger vote:
Investors under the lock-up deal cannot sell, lend, donate, or encumber their shares for six months after the close of the deal. Legal experts say "encumber" is a powerful word that could prevent Trump from using the stock as collateral to raise cash before six months have elapsed.
There are a few exceptions, such as by transferring stock to immediate family members. But in such cases, the recipients would also have to agree to abide by the lock-up agreement.
Experts warn that Trump selling a bunch of his Truth Social shares after the six-month mark could prove problematic.
"It's simply trading on Trump's name," Kristi Marvin, founder of the research firm SPACInsider, toldPolitico. "People aren't buying this because they like the fundamentals—they're buying this because they like Trump."
As a result of the civil fraud case launched by Democratic New York Attorney General Letitia James, Trump and his real estate company were hit with $355 million in fines last month. His adult sons, Donald Trump Jr. and Eric Trump, owe $4 million each, and longtime executive Allen Weisselberg was fined $1 million.
With interest, the former president owes $454 million and his sons owe $10 million. James gave Trump until March 25 to pay up. Attorneys for Trump, who is appealing, said in a Monday filing that it has been a "practical impossibility" for him to secure a bond. The attorney general is preparing to seize Trump's assets.
Trump's proceeds from the Truth Social merger could be "a ripe target for James to go after," MarketWatchnoted Thursday. Financial attorney Mark Zauderer told the outlet that "bank accounts and debts owed, [including] the proceeds of a company sale, are far more simple to freeze than, say, Trump's stake in an LLC that owns a building."
As of Friday, Forbesestimated Trump's net worth at $2.6 billion, much of which is tied up in real estate. Earlier this month, a New York Times analysis found that he has about $350 million in cash. Trump claimed on Truth Social early Friday that he has "almost" $500 million in cash.
On top of the fraud fine, a New York City jury in January awarded E. Jean Carroll $83.3 million in a judgment against Trump for defaming the journalist after she accused him of raping her at a department store in the 1990s. Trump, who is also appealing this decision, posted a $91.6 million bond provided by an insurance company in early March.
Trump faces a pair of federal criminal cases—one for his handling of classified documents and another related to his attempt to overturn his 2020 loss to Democratic President Joe Biden, who is seeking reelection. He has also been indicted in a criminal election interference case in Georgia and a hush money case in New York.
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'Industry's Favorite Puppets': 16 Republican States Sue to Block LNG Pause
"The GOP will go to any length to please their Big Oil donors, even if it means driving up costs for their constituents and torching the climate," one campaigner said.
Mar 22, 2024
The attorneys general of 16 Republican-led states sued on Thursday to reverse the Biden administration's pause on the approval of new liquefied natural gas export licences, a move that was widely celebrated by climate and environmental justice campaigners.
The lawsuit, backed by states including Texas, Louisiana, and Florida, comes after the Republican-led House of Representatives also voted to reverse the halt on licences.
"The GOP will go to any length to please their Big Oil donors, even if it means driving up costs for their constituents and torching the climate," Jamie Henn of Fossil Free Media told Common Dreams. "This is just more performative politics from the industry's favorite puppets."
"LNG exports are key to expanding fossil fuel production in the U.S."
In its January decision, the White House said it was pausing Department of Energy sign-offs on new LNG exports to non-free trade agreement countries so that the department could review the criteria it used to assess them, including the exports' impact on domestic energy prices and their contribution to the climate crisis. The move put the breaks on nearly 20 planned new export terminals along Louisiana's Gulf Coast, which would have released equivalent emissions to 675 coal plants and added to the pollution burden placed on local communities by the fossil fuel industry.
However, the attorneys general behind the lawsuit argue that the pause would harm their states and communities that rely on the gas industry for income, as well as the industry itself. They also claim that it is illegal under the Natural Gas Act, and that the "whims of activists cannot override" the act's mandate that the energy secretary must approve LNG exports unless they deem they are not in the public interest. Opponents of the LNG buildout have long contended that the new approvals are not in fact in the public interest given their contributions to the climate crisis, local pollution, and higher energy prices.
The lawsuit further contends that the pause violates the Administrative Procedures Act and a Supreme Court order that agencies not act on "major questions" without approval from Congress.In addition to a reversal of the pause, it calls on the court to "preliminarily and permanently" bar the federal government from "halting or attempting to halt the consideration of LNG export applications."
Anne Rolfes, executive director of the frontline advocacy group the Louisiana Bucket Brigade, countered the attorney generals' narrative that gas exports were good for local communities.
"The decision to sue the Biden Administration for protecting Louisiana from the gas export industry is in direct conflict with the urgent needs of those of us who live in Louisiana, especially the fishermen of Cameron Parish," Rolfes said.
Rolfes called the industry an "existential threat" to the livelihoods of small-scale fisherman, who cannot fish while LNG tankers crowd them out of their grounds. She also said the increased terminal construction threatened wetlands that protect the coast from hurricanes and other storms, arguing that the administration of Gov. Jeff Landry was "siding with an industry that is bulldozing storm protections, pouring cement on our coast, and killing our state's seafood industry."
Rolfes added: "The right thing to do is to be on the side of Louisiana fishermen and ordinary people. The Landry administration should sue the gas export industry for damage to fisheries and fully compensate the fisherman. Our culture, our coast, and our future depend on it."
The suit to reverse the LNG pause was filed in the U.S. District Court for the Western District of Louisiana, with the attorneys general of Alabama, Alaska, Arkansas, Georgia, Kansas, Mississippi, Montana, Nebraska, Oklahoma, South Carolina, Utah, West Virginia, and Wyoming joining those of Texas, Florida, and Louisiana.
"The GOP pushback on this is a good reminder of what a big deal this announcement was," Henn said of the suit.
"LNG exports are key to expanding fossil fuel production in the U.S.," he continued, adding that President Joe Biden "did the right thing standing up to Big Oil and we don't expect to see him back down now."
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