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Wednesday, January 16, 2019

America’s Wealth Floods Into Already Wealthy Cities

Reprinted with permission from Creators.


When Amazon chose a Queens neighborhood across from Manhattan for one of its new headquarters, James Corden remarked on “The Late Late Show,” “I gotta say, I really think this could be the thing that finally puts New York on the map.”

That was a joke. New York is already the capital of finance, media, fashion, art and advertising. Does it need tech, too? Actually, it already has tech. More than 320,000 tech workers toil in New York. Google, meanwhile, plans to double its employment in the city, to nearly 20,000. The Amazon move will add 25,000 new high-paying jobs.…

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Human Rights Group Demands Probe Of Giuliani And Trump In Alleged Money-Laundering

Reprinted with permission from DCReport.


A human rights organization has asked Dutch prosecutors to open a criminal investigation into multi-billion dollar money laundering schemes that they say were aided by Donald Trump’s lawyer, Rudy Giuliani, and his old law firm.

The complaint is clearly aimed at examining how much money stolen from a former Soviet satellite ended up benefitting Trump. He is named 16 times in the complaint’s footnotes.

The complaint describes “one of the biggest fraud cases ever” in which “some of these money flows ultimately ended up in the Netherlands” because “Dutch service providers helped to cover up the money laundering acts.”

“The money laundering network started in Kazakhstan, where a figure of up to USD 10 billion was purportedly embezzled,” the complaint asserts.…

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The Hidden Money Funding The Midterms

Reprinted with permission from ProPublica.

By Derek Willis, ProPublica and Maggie Severns, Politico.

Allies of Senate Majority Leader Mitch McConnell used a blind spot in campaign finance laws to undercut a candidate from their own party this year — and their fingerprints remained hidden until the primary was already over.

Super PACs, which can raise and spend unlimited sums of money in elections, are supposed to regularly disclose their funders. But in the case of Mountain Families PAC, Republicans managed to spend $1.3 million against Don Blankenship, a mustachioed former coal baron who was a wild-card candidate for a must-win West Virginia Senate seat, in May without revealing who was supplying the cash.

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