NYT: Trump finance chief could faces charges as early as this summer
Video Credit: Bleacher Report AOL - Duration: 01:43s - Published
NYT: Trump finance chief could faces charges as early as this summer
The New York attorney general’s office is conducting a criminal tax investigation into top Trump Organization officer Allen Weisselberg and he could faces charges as early as this summer, according to the New York Times.
Donald Trump managed a partial victory in the Supreme Court today, as justices delayed any potential decision on his immunity case over election riots. Sky News
The New York state Court of Appeals has overturned Harvey Weinstein’s 2020 rape conviction. The court ruled that the judge in the New York County trial prejudiced Weinstein with improper rulings, including allowing women to testify about allegations that were not part of the case. The court ruled that a new trial must take place.
Credit: The Hollywood Reporter Duration: 01:37Published
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
Aerosmith Announces , Rescheduled ‘Peace Out’ Tour Dates.
The veteran rockers postponed their farewell tour nearly seven months ago after singer Steven Tyler "fractured his larynx," CNN reports. .
The band issued a statement
about Tyler's condition at that time.
To our fans: Unfortunately, Steven’s vocal
injury is more serious than initially thought.
His doctor has confirmed that in addition to
the damage to his vocal cords, he fractured
his larynx which requires ongoing care, Aerosmith, via Facebook.
He is receiving the best medical
treatment available to ensure his recovery
is swift, but given the nature of a fracture,
he is being told patience is essential. , Aerosmith, via Facebook.
As a result, all the currently scheduled
PEACE OUT shows must be postponed
to sometime in 2024, with new dates to
be announced as soon as we know more, Aerosmith, via Facebook.
On April 10, the band took to
Instagram to announce that they are
"thrilled" to have rescheduled tour dates.
The tour will begin Sept. 20 in Pittsburgh, PA.
The 40-date run will
end in Buffalo, NY, on Feb. 26.
The Black Crowes will
serve as the supporting act.
"All previously purchased
tickets will be honored for the
rescheduled shows," Aerosmith said.
The farewell North American tour is
intended to be a celebration of the band's
50 years together, CNN reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
4.8-Magnitude Earthquake , Hits US East Coast.
NBC reports that the East Coast of the United States
was struck by an earthquake on April 5
which was felt from Maryland to Maine.
According to the U.S. Geological Survey,
the earthquake struck just before 10:30 a.m. local
time and was measured at a 4.8-magnitude. .
There were no initial reports
of any major damage.
According to New York Governor
Kathy Hochul, the quake could
be felt across the state. .
My team is assessing impacts
and any damage that may have
occurred, and we will update
the public throughout the day, Kathy Hochul, New York Governor, via NBC.
New Jersey Governor Phil Murphy
said that the state's emergency
operations center had been activated.
New Jersey Governor Phil Murphy
said that the state's emergency
operations center had been activated.
As a result of the quake, the Port
Authority Transit Corp. suspended service
between Pennsylvania and New Jersey. .
Crews will inspect the integrity
of the line out of an abundance
of caution. Once inspection is
complete, service will resume.
No timeframe. Updates to follow, Port Authority Transit Corp. statement, via X.
Meanwhile, New York’s Metropolitan Transportation
Authority said service would not be impacted by the quake,
and teams would be inspecting train lines for damage.
NBC reports that earthquakes are a rare occurrence in
the Northeast, however in February of 2023, Buffalo,
New York, was struck by a 3.8-magnitude quake
Credit: Wibbitz Top Stories Duration: 01:30Published
Trump Can’t Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports. .
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendants’ ongoing diligent
efforts have proven that a bond
in the judgment’s full amount
is ‘a practical impossibility.’, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll. .
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll.
Credit: Wibbitz Top Stories Duration: 01:31Published
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