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Billionaire Megadonors Among Top Contributors To PAC Supporting House Democrats
Image Credit: LinkedIn cofounder Reid Hoffman gave $1.45 million to the committee called House Majority PAC in December last year.
KELLY SULLIVAN/GETTY IMAGES FOR LINKEDIN
Billionaire Democrats are spending big to try to keep their party in control of the U.S. House of Representatives, according to a Federal Election Commission report filed Monday.
LinkedIn cofounder Reid Hoffman gave $1.45 million to the committee called House Majority PAC in December last year. Connie Ballmer, who is married to former Microsoft CEO Steve Ballmer, and California real estate billionaire George Marcus each made a $1 million contribution in December. New York hedge fund billionaire David Shaw gave $200,000, also in December. A super-PAC tied to George Soros also gave $1 million in November.
The largest individual donor to the committee was Fred Eychaner, who coughed up $4 million. Eychaner, who is not on the Forbes billionaires list, is a major Democratic donor and entrepreneur based in Chicago.
In total the PAC raised $43.4 million in 2021 and ended the year with $39 million in cash on hand. House Majority spent more than $160 million ahead of the 2020 election and ran ads opposing Republican candidates such as Reps. Michelle Steel (R-Calif.), Jeff Van Drew (R-N.J.) and Michelle Fischbach (R-Minn.).
-Michela Tindera, Forbes
What Was Reid Hoffman’s Role In Funding E. Jean Carroll’s Case?
Billionaire LinkedIn co-founder Reid Hoffman funded E. Jean Carroll’s prosecution alleging former President Donald Trump raped her, through a nonprofit group the major Democratic donor backs; now that a jury has found Trump guilty of sexual abuse, some have questioned Hoffman’s role in the process—here’s what it looked like.
Reid Hoffman, co-founder of LinkedIn, attends the Allen & Company Sun Valley Conference on July 7, SCOTT OLSON/GETTY
KEY FACTS
Carroll’s legal battle was funded by American Future Republic, a nonprofit group primarily backed by Hoffman, her lawyers disclosed last month.
Hoffman’s involvement in the case came to light after Roberta Kaplan, Carroll’s lawyer, disclosed Hoffman’s role to the Trump legal team, who then sent a letter to the judge claiming the connection to Hoffman, a big Democratic donor, called into question Carroll’s motives for suing.
The judge allowed Trump’s defense team to question Carroll about Hoffman’s funding, after Trump’s defense pointed out an October deposition in which Carroll testified no one else was paying her legal fees.
On the first day of the trial, in a since deleted Truth Social post, Trump claimed Carroll’s team attempted to hide the case was “financed by a big political donor.”
Dmirtri Mehlhorn, one of Hoffman’s philanthropic advisors, said they provide third-party funding to legal efforts to “protect our citizens from violent threats,” and in those cases the “clients generally do not know our identity.”
Mehlhorn said in Carroll’s case, the grant was made before Carroll filed suit and they had “no prior knowledge that our funding would go to support her in particular.”
After increased attention over his role in Carroll’s case, Hoffman posted on LinkedIn to defend his involvement in the case, describing his commitment to “protecting the rule of law” from the threat of Trump’s “scorched-earth legal methods,” also noting that Trump’s “hostility” to women has been a theme of his ideology for “his entire adult life.”
Hoffman pushed back against Trump’s lawyers' description of the funding as being hidden and said he’d “never taken any steps to hide the financial support” he provided to the lawsuit.
While Hoffman is known for his work founding LinkedIn, he’s also a big Democratic donor, funding a number of Democratic causes, candidates and legal battles, including civil lawsuits filed by the victims of the “Unite the Right” rally in Charlottesville, Virginia, according to a post on LinkedIn.
-Ana Faguy, Forbes
Banks Terminate 60,000 Workers In One Of The Bleakest Years For The Industry Since 2008
The collapse of three US regional banks - First Republic Bank, Silicon Valley Bank, and Signature Bank - marked some of the largest failures in the banking system since 2008. Central banks contained the "mini-crisis" earlier this year with forced interventions and the mega-merger of Credit Suisse and UBS. Despite the interventions, global banks still axed the most jobs since the global financial crisis.
A new report from the Financial Times shows twenty of the world's largest banks slashed 61,905 jobs in 2023, a move to protect profit margins in a period of high interest rates amid a slump in dealmaking and equity and debt sales. This compared with the 140,000 lost during the GFC of 2007-08.
"There is no stability, no investment, no growth in most banks — and there are likely to be more job cuts," said Lee Thacker, owner of financial services headhunting firm Silvermine Partners.
FT noted that corporate disclosure data and its independent reporting did not include smaller regional bank cuts, indicating total job loss could be much higher.
At least half of the job cuts came from Wall Street lenders struggling with Western central banks' most aggressive interest rate hikes in a generation.
The most significant cut of any single bank was at Switzerland's UBS.
Morgan Stanley reduced jobs by 4,800, Bank of America by 4,000, Goldman Sachs by 3,200, and JPMorgan Chase by 1,000. As a whole, Wall Street cut 30,000 workers this year.
"The revenues aren't there, so this is partly a response to overexpansion. But there is also a simpler explanation: political cost-cutting," said Thacker.
Gaurav Arora, global head of competitor analytics at Coalition, warned: "We expect full-year 2024 to be a continuation of the story of 2023."
Arora's view of further turmoil aligns with our two recent notes: Banks' Usage Of The Fed's Bailout Facility Soars To New Record High and Large Bank Deposits Rise As Money-Market Outflows Accelerate, Small Banks Still Stressed.
"We see banks getting more conservative," Arora concluded.
-Tyler Durden, Zerohedge
France’s Macron Supports Controversial Plan To Replace Stain Glass Windows in Notre Dame Cathedral With Modern Designs — 120K Signed Petition Rejecting the Idea
Back in 2019, the accidental fire that partially destroyed the magnificent Notre Dame Cathedral in Paris shocked and saddened Christians around the world.
In the immediate aftermath of the tragedy, a vest number of disturbing ideas and rumors circled around, regarding the plans for reconstruction – from the absurd suggestion that a Mosque would be erected in its stead, up to the also enraging possibility of building a cathedral following a new, modern architectural project.
Given the present state of Western culture, none of the horrible ideas seems out of the realm of possibilities – so it was a relief to know that the restoration would follow the original design, originally built in 1163, that made Notre Dame of Paris one the of the most beloved Christian temples in the planet.
Now, roughly one year before the temple is set to reopen to the faithful and the public, a new development is again worrying public opinion.
The Guardian reported:
‘A plan backed by the French president, Emmanuel Macron, to replace stained-glass windows in Notre Dame Cathedral’s side chapels with contemporary creations has been criticized as “vandalism”.
A petition has been signed by more than 120,000 people to retain the original windows. Critics say the change would destroy the architectural harmony of the historical building that was ravaged by fire in April 2019.
During a visit to the 13th-century cathedral this month, Macron announced the windows in six of the seven chapels in the south aisle would be removed and replaced by contemporary stained-glass windows that would be chosen in a competition.”
Besides the fact that the 19th century stained glass windows by Violet-le-Duc have become an integral part of the Cathedral’s visual and appeal, there is also the problem that the change was suggested by the new Archbishop of Paris, Laurent Ulrich, who wrote to the Élysée Palace suggesting that a series of six new windows be commissioned.
Appointed by Francis, Ulrich is a ‘reformist’ like him, so there is a natural concern that his ‘peculiar’ ideas would permeate the new windows’ artwork. – not to mention that a competition would transform the choice into a ‘popularity contest’ and may end up with poor, unsuitable choices.
As you would expect, French President Macron gave his full approval to the idea, but more than 122,000 people have signed a petition launched two weeks ago, demanding that the original windows remain. The petition reads:
“The stained glass windows in Notre Dame designed by Viollet-le-Duc were created as a coherent whole. It is a genuine creation that the architect wanted to be faithful to the cathedral’s gothic origins.”
The cathedral is due to reopen on 8 December 2024.
-Paul Serran, The Gateway Pundit
Rep. James Comer: Joe Biden Was Using at Least Three Fake Names on Govt. Emails to Communicate with Shady Business Associates (Video)
House Oversight Chairman James Comer (R-KY) joined FOX News to give an update on the impeachment probe of Joe Biden.
Comer told the FOX News audience that Joe Biden was using at least three fake government emails to communicate with his shady business associates.
Chairman James Comer: Right now, I think one of the most important amount of documentation that we need are those pseudonym emails. Remember, no one knew about these pseudonym emails until a few months ago. We found that Joe Biden was using at least three fake names on government emails. What we didn’t know until recently was that he was, in fact, using those pseudonym emails to communicate with not just his son, Hunter Biden, but also with his shady business associates…
…And we also have questions for the national archives, which countries were involved in the documents that Joe Biden mishandled. That’s something that I think is very important of our investigation because we’ve identified, Jason, a couple of emails that Hunter sent to people in Ukraine, for example, that we believe may have been classified documents that Joe Biden mishandled that were in possibly the garage of Joe Biden’s house where his son was living.
James Comer also said Congress will move to hold Hunter Biden in contempt of Congress when they get back from the Christmas holiday.
They appear to be taking their sweet time with this investigation. They even took a month off for Christmas!
So why are the Republicans slow walking this impeachment?-Jim Hoft, The Gateway Pundit
Outrageous! California to Penalize Stores for Refusing to Provide “Gender-Neutral” Toy Sections for Children
Some California retailers will be hit with a financial penalty in the coming days if they do not bend their knee to the far-left trans mafia.
Under a bill signed back in 2021 by Governor Gavin Newsom, stores with more than 500 employees will be fined up to $500 for refusing to provide “gender-neutral” toy sections for children 12 years and under by January 1, 2024.
As Fox News noted Wednesday, the legislative text defines a childcare item as ” any product designed or intended by the manufacturer to facilitate sleep, relaxation, or the feeding of children, or to help children with sucking or teething.”
Greg Burt, Vice President of the California Family Research Council, explained how the law blatantly violates the First Amendment to Fox News.
You got the government now dictating the signage in stores about what words can be used to advertise products. This is opening a Pandora’s Box."
This is government-compelled speech. The government is deciding to tell a religious person, could be a Muslim-owned business, that they have to use certain words to advertise toys, and those words might violate the belief systems of that particular Muslim-owned business.
The clown responsible for the authoritarian legislation, State Assemblyman Evan Low (D-Silicon Valley), told CBS News in 2021 that he wants to stigmatize “what’s acceptable for certain genders” and hopes more states follow the Golden State’s lead.
We need to stop stigmatizing what’s acceptable for certain genders and just let kids be kids.
My hope is this bill encourages more businesses across California and the U.S. to avoid reinforcing harmful and outdated stereotypes.
This insane legislation is another example of how comedy has become a reality in America. Back in 2020, the Christian satire website The Babylon Bee published a piece “predicting” California would take this exact step to confuse and brainwash children.
LOOK:
-Cullen Linebarger, The Gateway Pundit
BREAKING: Michigan Supreme Court Smacks Down Leftist Group’s Attempt to Ban President Trump from State’s 2024 Ballot – Trump Responds
Liberal tears are flowing this morning once again after one of their sinister moves to subvert American democracy was foiled in Michigan.
ABC News reported that the Michigan Supreme Court rejected an appeal by the far-left group Free Speech For People (FSFP) aimed at barring Trump from the state’s 2024 ballot based on Section 3 of the 14th Amendment. Unlike Colorado’s tyrannical decision last week to toss the 45th president off the ballot, Michigan actually decided to safeguard the Constitution.
Michigan’s highest state court said it is “not persuaded that the present questions should be reviewed by this court.”
ABC notes this ruling upholds one by Michigan’s Court of Appeals earlier his month. It previously rejected an earlier appeal filed by “FSFP” on behalf of a group of Michigan voters who sought to remove Trump from the ballot based on his activity surrounding the protests around the U.S. Capitol on Jan. 6, 2021.
Ron Fein, legal director of FSFP, whined in a statement that the Michigan Supreme Court ruling “conflicts with longstanding US Supreme Court precedent that makes clear that when political parties use the election machinery of the state to select, via the primary process, their candidates for the general election, they must comply with all constitutional requirements in that process.”
In her dissent, Justice Elizabeth Welch also noted the difference between Colorado’s state laws and Michigan’s.
Significantly, Colorado’s election laws differ from Michigan’s laws in a material way that is directly relevant to why the appellants in this case are not entitled to the relief they seek concerning the presidential primary election in Michigan.
Appellants argue that the political parties are state actors for purposes of putting forward candidates for the presidential primary, and thus, the political parties are subject to the United States Constitution.
This also marks another court victory for the 45th president regarding his eligibility. The Gateway Pundit reported last week that a federal lawsuit aimed at blocking former President Donald Trump from appearing on the West Virginia electoral ballot has been dismissed.
President Trump responded to the ruling in statement that said “this pathetic gambit to rig the election has failed all across the country.”
-Cullen Linebarger, The Gateway Pundit
Higher Education: Russian Textbooks Say Trump Lost 2020 in Rigged Election
A new Russian history book for 11th grade students claims former President Donald Trump lost the 2020 presidential election “as a result of obvious electoral fraud by the Democratic Party.”
Even the Kremlin knows the 2020 elections were stolen!
Via the UK Times correspondent Marc Bennetts.
Newsweek reported:
Images from the history book, which is reportedly used by students in the 11th (graduating) grade, have circulated on social media in recent days. Marc Bennetts, foreign correspondent for The Times (U.K.), posted a page from the book on Monday onto his X (formerly Twitter) account, translating that the book said Trump lost the election “as a result of obvious electoral fraud by the Democratic Party.”
Trump and some of his allies are facing criminal charges, accused of attempting to interfere with the results of the 2020 election that President Joe Biden handily won, and Trump’s claims of the election being rigged against him have been widely debunked in courts of law and elsewhere.
Apparently, the Kremlin is more honest than our own Pravda media.
A recent poll conducted by The Heartland Institute and Rasmussen Reports “found one-in-five voters who cast mail-in ballots during the 2020 presidential election admit to participating in at least one kind of voter fraud.”
As The Gateway Pundit’s Brian Lupo wrote earlier this month -Keep in mind that 43% of 2020 voters cast ballots by mail. There were approximately 155M ballots cast in the 2020 Presidential Election. 43% of that would mean over 66M voted by mail. “One in five” of 66M would amount to potentially over 13.33M ballots that were illegally cast. But 2020 was “the safest and most secure election in history.”
That’s a lot of voters admitting to cheating.
It is no coincidence that the legacy media ignored this shocking report!
-Jim Hoft, The Gateway Pundit
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CBS News Reporter Warns of ‘Black Swan Event’ in 2024: ‘A National Security Crisis with Unpredictable High Impact’
America may face an unprecedented “Black Swan event” in 2024 — a national security crisis with unpredictable high impact, CBS News’ investigative reporter Catherine Herridge predicted on Sunday.
During a “Face the Nation” roundtable discussion, host Margaret Brennan asked the participants their predictions about 2024.
“Well, mine’s a little dark,” Herridge began. “I just feel a lot of concern that 2024 may be the year of a black swan event. This is a national security event with high impact that’s very hard to predict.”
A “black swan event“, a term popularized by Nassim Nicholas Taleb in his 2007 book The Black Swan, refers to an unpredictable or unforeseen event with extreme consequences.
Herridge explained that regional conflicts in Ukraine and Israel and the hyper-polarized political environment have created “fertile ground” for America’s adversaries to strike.
“There are a number of concerns- concerns, I have that factor into that,” she went on. “Not only this sort of enduring, heightened threat level that we’re facing, the wars in Israel, also Ukraine.”
“And we’re so divided in this country in ways that we haven’t seen before. And I think that just creates fertile ground for our adversaries like North Korea, China and Iran. And that’s what concerns me most,” Herridge added.
Brennan agreed with her assessment, saying, “A lot of people are up at night with that concern, Catherine. At least in this town.”
When factoring in Joe Biden’s collapsed U.S. southern border that’s allowing millions of unidentified people from around the world to stream into the country unchecked, the likelihood of a “black swan event” seems all the more likely.
Hundreds of migrants who’ve illegally crossed into the U.S. are on the terrorist watchlist.
And domestic airlines are now expediting illegal migrants to be flown anywhere in the country without a passport or even identification.
Upcoming films such as “Civil War” and “Leave the World Behind” –produced by former President Barack Obama — also eerily predict major civil unrest due to political and racial divisions and cyberattacks.
-Jamie White, Infowars
U.S. shoots down 12 suicide drones, three anti-ship ballistic missiles and two land attack cruise missiles fired by Iran-backed rebels in southern Red Sea over 10-hour period
Houthi rebels supported by Iran launched a barrage of drones and missiles north towards Israel on Tuesday, with the onslaught blocked by a U.S. Navy destroyer and F/A-18 Super Hornets.
U.S. Central Command said that the attack began at 6:30am and lasted for 10 hours.
'U.S. assets, to include the USS LABOON (DDG 58) and F/A-18 Super Hornets from the Eisenhower Carrier Strike Group, shot down twelve one-way attack drones, three anti-ship ballistic missiles, and two land attack cruise missiles in the Southern Red Sea that were fired by the Houthis over a 10 hour period which began at approximately 6:30 a.m. (Sanaa time) on December 26,' Centcom said on X.
'There was no damage to ships in the area or reported injuries.'
F/A-18C Hornets assigned to the Wildcats of Strike Fighter Squadron (VFA) 131 fly over the aircraft carrier USS Dwight D. Eisenhower. The Hornets were in action on Tuesday to shoot down missiles fired from Yemen into the Red Sea
The guided-missile destroyer USS Laboon (DDG 58) was on Tuesday shooting down strikes fired from Yemen
The attack came the day after President Joe Biden authorized retaliatory strikes against Iranian-backed militias in Iraq, following strikes on a U.S. airbase in Erbil which left three U.S. troops injured - one of them critically.
And Tuesday's attack is just the latest launched from Yemen.
On Saturday, Laboon shot down four unmanned aerial vehicles in the Red Sea.
After shooting down the drones, the Laboon responded to distress calls after two commercial vessels came under attack, Navy Times reported.
The M/V Blaamanen, a Norwegian-flagged, owned, and operated chemical tanker reported a near miss of a Houthi one-way attack drone, while the M/V Saibaba, a Gabon-owned, Indian-flagged crude oil tanker was hit by a one-way attack drone, with no injuries reported.
A week before, on December 16, the Navy destroyer Carney took down 14 attack drones in the Red Sea.
CentCom said in a statement earlier this month that the U.S. has 'every reason to believe that these attacks, while launched by the Houthis in Yemen, are fully enabled by Iran.'
Lloyd Austin, the U.S. Secretary of Defense, announced on December 18 the creation of a multinational task force to help protect civilian ships in the region.
-Harriet Alexander, Daily Mail
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Facebook’s Mark Zuckerberg building a “top secret” doomsday bunker called “Koolau Ranch” on Kauai, Hawaii, estate: here’s an inside look
In a laughable attempt at escaping the end of the world, billionaire social media guru Mark Zuckerberg of Facebook (Meta) is building a large underground bunker beneath his lavish 1,500-acre Kauai, Hawaii, estate.
According to reports, Zuckerberg has been incrementally expanding his tropical bugout property, which will soon contain a “5,000-square-foot underground shelter” with its “own energy and food supplies.”
WIRED conducted an in-depth investigation into the property via public records requests showing the blueprints of “an opulent techno-Xanadu, complete with underground shelter and what appears to be a blast-resistant door.”
Known officially as “Koolau Ranch,” the Zuckerberg property currently consists of two major houses connected by a tunnel that ultimately leads to the subterranean bunker.
Building records show that the compound, once complete, will be self-sufficient. Zuckerberg will have his own food supply and water tank measuring 55 feet in diameter and 18 feet in height.
“Building permits put the price tag for the main construction at around $100 million, in addition to $170 million in land purchases, but this is likely an underestimate,” WIRED reports.
Zuckerberg’s secret Hawaiian bunker not-so-secret anymore
Zuckerberg has had plenty of crew members going in and out of the property as of late to perform various duties. All of them were reportedly subject to nondisclosure agreements (NDAs), meaning they are not allowed to talk about what they know concerning its progress or outcome.
“It’s fight club,” one of them is quoted as saying, jokingly. “We don’t talk about fight club.”
Another ex-employee further confirmed that Zuckerberg is making all of his compound employees remain silent about the project, which is to be kept top secret at all times.
Zuckerberg requires the “extremely severe” observance of NDAs, the ex-employee revealed, adding that the agreements prevent everyone from “taking the risk of getting caught even taking a picture.”
One of the many millionaire-billionaires scrambling to prepare some kind of refuge ahead of the sixth seal as outlined in Revelation 6, Zuckerberg believes his island oasis will save him from what is soon to become of this wicked world.
Zuckerberg is joined by Palantir founder Peter Thiel, also of PayPal, who is similarly building a doomsday bunker in an isolated location.
“Billionaires are driven to construct doomsday bunkers for a variety of reasons, including the potential fallout from the Russia-Ukraine war, the potential Middle East regional conflict, the potential for Western cities to collapse into criminal hotspots, the increase in illegal immigration throughout the West, worsening financial conditions in the West, and a host of other reasons,” reports Great Game India.
In the comments, someone quoted the Word of God in reference to Zuckerberg and Thiel’s vain attempts to self-escape the wrath to come.
“And the land will sink beneath the water and the bunkers will become their tombs,” this person wrote. “The Lord will not be mocked.”
“Feudal lords also lived in fortress compounds to protect themselves from angry serfs,” wrote another.
“It may be blast resistant but is it also weld resistant?” asked another. “As in, I will come over there and weld it shut from the outside.”
“He is building his own prison tomb,” said someone else. “He will be destroyed from within.”
“This is probably a decoy bunker,” another speculated. “It isn’t effective if everyone knows where it is.”
-Ethan Huff, Survival News
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