Business
Judge Holds Trump In Contempt, Fines Him $9,000 And Raises Threat Of Jail In Hush Money Trial
New York: On Tuesday, Donald Trump was found in contempt of court and was imposed a fine of $9,000 for persistently disregarding a gag order that prohibited him from publicly discussing anybody involved in his New York hush money case, including witnesses and jurors. The judge cautioned that he may face imprisonment if he repeats the offense.
New York Judge Juan M. Merchan determined that there were nine infractions, although prosecutors had initially claimed there were ten. Trump gazed downward at the table before him while the judge pronounced the ruling, displaying a faint frown.
The verdict served as a strong criticism of the Republican former president’s claim that he was using his freedom of expression, and as a reminder that he is a defendant in a criminal case and must adhere to the strict procedures of a trial. The judge’s implicit warning to incarcerate a former president indicated that Trump’s already tenuous legal position could deteriorate further based on his conduct throughout the trial.
Judge Holds Trump In Contempt, Fines Him $9,000 And Raises Threat Of Jail In Hush Money Trial
Merchan expressed a strong awareness and defense of Trump’s First Amendment rights, especially considering his campaign for the presidency.
“Preserving the defendant’s lawful freedom of speech is of utmost significance. It is imperative that he is allowed to actively engage in campaigning for the office he aspires to, and that he has the opportunity to counter and protect himself from political assaults,” expressed Merchan.
However, he cautioned that the court would not tolerate deliberate breaches of its legal directives and that, if deemed necessary and suitable given the circumstances, it would impose a punitive measure involving imprisonment.
By making that statement, the court brought the possibility of Trump being the first former president of the United States to be imprisoned closer.
Trump is accustomed to having uninterrupted access to his social media platform to criticize opponents and express his thoughts. Following his ban from Twitter in the aftermath of the January 6, 2021, Capitol incident, Trump established his platform to ensure that his messages would not be subject to blocking or restrictions.
The Trump campaign was already soliciting donations based on the breaches. He has consistently attempted to disassociate himself from problematic comments that he has shared with his large number of followers by claiming that they are only “retweets.”
However, he does possess prior knowledge and familiarity with gag orders, as they were previously enforced during his civil fraud prosecution. Upon being discovered to have breached those directives, he remitted fines exceeding $15,000.
The ruling was issued on Tuesday, marking the beginning of the second week of testimony in the landmark case. Manhattan prosecutors contend that Trump and his allies engaged in an illicit plot to manipulate the 2016 presidential campaign by buying and subsequently suppressing unfavorable reports. He has entered a plea of not guilty.
Trump was instructed to remit the penalty by the end of Friday’s working day. Merchan also decreed that he must delete seven objectionable posts from his Truth Social account and two from his campaign website by 2:15 p.m. EDT on Tuesday, as stated by Merchan. The judge is considering more purported breaches of Trump’s gag order and will listen to arguments on Thursday.
Out of the 10 posts, the one that Merchan had authority over and was not considered a violation was made on April 10. This particular post referred to witnesses Michael Cohen and Stormy Daniels as “sleaze bags.” Merchan expressed that Trump’s claim of responding to previous posts by Cohen gives him enough reason to hesitate and question whether the post was a violation.
Merchan determined that Trump’s statement, in which he quoted Fox News commentator Jesse Watters’ assertion that liberal activists were dishonestly joining the jury, clearly breached the gag order. Merchan observed that the statements in Trump’s post on April 17 in quotation marks inaccurately represented what Watters truly said.
Judge Holds Trump In Contempt, Fines Him $9,000 And Raises Threat Of Jail In Hush Money Trial
“Therefore, according to the court’s perspective, this post represents the defendant’s own words,” Merchan wrote.
Merchan warned against the misuse of the gag order, emphasizing that it should not be employed as a weapon rather than a defense by possible witnesses. He further stated that if individuals, such as Cohen, who are safeguarded by the order, persist in attacking Trump, it becomes evident that they no longer require the protection provided by the gag order. Cohen has stated his intention to abstain from making any remarks about Trump until he gives testimony during the trial.
Testimony continued on Tuesday with Gary Farro, a banker who assisted Cohen, Trump’s previous lawyer, in establishing accounts, including one that Cohen utilized to purchase the confidentiality of adult entertainer Stormy Daniels. She claimed to have had a sexual encounter with Trump in 2006, an allegation that he denies. Farro testified on Friday, recounting how Cohen requested the establishment of two accounts, but one was never officially opened.
Shortly after establishing a second account under Essential Consultants LLC in October 2016, Michael Cohen transferred $130,000 from his home equity loan to this account. Within the same day, he wired the exact amount of $130,000 to Keith Davidson, who was, as evidenced by the paperwork, an attorney representing Daniels at the time. The 2016 presidential election took place on November 8.
Farro stated that Cohen suggested the transaction was connected to a real estate deal rather than being associated with a political candidate, an adult film star, or the acquisition of a possible media story.
“That could be perceived as a reputational risk,” he stated.
Thus far, the jurors have been presented with testimony from two additional witnesses. Rhona Graff, Trump’s former executive assistant, remembered seeing Daniels at Trump’s office suite in Trump Tower and assumed she was a prospective candidate for one of Trump’s “Apprentice” shows.
Former National Enquirer publisher David Pecker disclosed his agreement to act as the Trump campaign’s informant, responsible for suppressing unfavorable rumors and allegations against Trump and women. Pecker detailed his payment of $180,000 to acquire and withhold reports from a doorman and former Playboy model Karen McDougal, but he did not participate in the payment to Daniels.
Judge Holds Trump In Contempt, Fines Him $9,000 And Raises Threat Of Jail In Hush Money Trial
Trump asserts that all of the stories bought were untrue. The defense lawyers employed cross-examination to imply that Trump’s true intention was to safeguard his reputation and his family rather than to manipulate the presidential election result.
Trump is facing 34 criminal charges for manipulating corporate documents about the hush money payments. He has refuted any misconduct and entered a plea of not guilty.
The comprehensive evidence regarding corporate transactions and bank accounts prepares the groundwork for Cohen’s testimony. Cohen, who was incarcerated following his guilty plea in 2018 for campaign finance violations and other offenses, will provide his story. The timing of his testimony remains uncertain.
The trial, the first of Trump’s four criminal matters to be presented to a jury, is anticipated to continue for at least another month. As Trump spends more time in court, his frustration intensifies as the November election draws nearer.
Trump has been engaging in campaign activities during his free time. However, he is obligated to attend court sessions four days a week. On Tuesday, he again expressed his disapproval of the matter outside the courtroom.
“This is a case that should never have been initiated,” he stated.
SOURCE – (AP)
Business
Canadian Port Workers Back Trudeau Government Into a Corner
Business groups are urging Justin Trudeau’s government to stop labor unrest at Canada’s main ports, as it did with railways in August, to avoid supply chain disruptions.
Hundreds of dock foremen in British Columbia ports have been on strike for a week. On Sunday, employers at Montreal’s port locked out 1,200 unionized workers after they rejected a contract offer that promised a 20% salary raise over six years.
Businesses report that the work disruptions are harming ports that handle approximately C$1.2 billion ($860 million) of products daily. They want Labor Minister Steven MacKinnon to refer the case to the Canada Industrial Relations Board, which can send the parties to arbitration to settle the disagreement.
He used that technique over two months ago to halt labor stoppages at Canada’s two main railways. However, the government’s use has sparked resentment among some unions.
The Teamsters Canada Rail Conference has filed a court challenge, claiming that the government’s actions in the railway conflict set a dangerous precedent by breaching workers’ constitutional rights.
Soon after, the pro-union New Democratic Party ripped up a legislative arrangement in which it committed to vote with Trudeau’s Liberals to advance critical legislation.
It’s unclear whether the government currently has enough support to enact a back-to-work law, which would be required to end the port issue.
According to Michel Murray, a Montreal Longshoremen’s Union representative, the port employers “act as bullies,” and refusing to talk indicates that “they clearly want the federal government to intervene.”
“Nearly C$6 billion worth of goods are expected to arrive at the port over the next two weeks,” Michel Leblanc, CEO of the Chamber of Commerce of Metropolitan Montreal, said in a statement. “The urgency is real.”
Goldy Hyder, CEO of the Business Council of Canada, stated that the conflicts “continue to weaken Canada’s economy and tarnish its reputation as a reliable trading partner.”
“Canada’s ports will continue to lose market share if the country’s reputation for labor instability is not corrected soon,” Hyder wrote in a letter to MacKinnon and Transport Minister Anita Anand on November 9.
According to a group of port employers, the Montreal offer would have increased the average dockworker’s pay by more than C$200,000 annually.
Related News:
A Trump Presidency Spells Disaster for Trudeau
Business
Amazon Says a Hacker Breached MOVEIT, Stealing Employee Data. Employee data.
(VOR News) – Amazon has verified that employee data was stolen to the extent that it was compromised as a result of a “security event” that took place at a third-party vendor. The event brought about the compromise of data.
According to a statement that was provided to TechCrunch on Monday, the information that pertains to Amazon employees was revealed as a result of a data breach. This information related to Amazon employees was disclosed.
Amazon spokesman Adam Montgomery issued the statement.
When it comes to Amazon’s or Amazon Web Services (AWS) systems, there have been no security breaches that have taken place, and we have not encountered any security problems. An incident that occurred at one of our property management providers and included security was brought to our attention over the course of the investigation.
This problem had an effect on a number of the company’s customers, including Amazon, and we were informed about it. Other customers were also affected. Montgomery asserts that the only information that was disclosed was that of the work contact information of Amazon workers. As far as Montgomery is concerned, there was no further breach of security.
Among the things that were listed in this category were things like work email addresses, desk phone numbers, and the locations of buildings.
The number of employees who were affected by the security vulnerability has not been acknowledged by Amazon, nor has the total number of employees who were affected been released.
Additionally, it was stated that the third-party vendor, which was not named, does not have access to sensitive data such as Social Security numbers or financial information. This information was described as being kept confidential. The information in question was not made public. The vendor has reportedly fixed the security flaw that was responsible for the data breach that took place, according to reports that were received.
Hackers said they posted Amazon data on Breach Forums. It has been determined that the information in question is accurate as a consequence of this declaration. Additionally, the individual alleges that they have more than 2.8 million lines of data, which they allege was stolen during the mass-exploitation of MOVEit Transfer that took place the previous year.
Using the alias “Nam3L3ss,” the threat actor claims that they have disclosed information that was purportedly taken from twenty-five big corporations, as indicated in a study that was carried out by the cybersecurity company Hudson Rock. The analysis was done by Hudson Rock.
The assumption that the threat actor makes is that “the data that you have seen up to this point is less than .001% of the total data that I possess.”
This is the Amazon assertion that they make.
The public will have access to one thousand releases that have never been seen before in the history of record releases. The journal TechCrunch has attempted to get in touch with the other firms that were identified by the threat actor; however, the magazine has not yet received any additional responses to the inquiries that it has made.
It was the MOVEit breach, which took place in 2023, that was the most catastrophic breach that ever took place. The file-transfer software that was developed by Progress Software was vulnerable to a zero-day vulnerability, which allowed attackers to take advantage of the weakness and cause this breach.
More than one thousand businesses were impacted by these incursions, and it is believed that the notorious Clop ransomware and extortion ring was responsible for them. Through the utilization of ransomware, hacks were successfully carried out.
Not only did the data breach affect the Oregon Department of Transportation, which had 3.5 million pieces of information stolen, but it also affected the Colorado Department of Health Care Policy and Financing, which had four million pieces of information stolen, and Maximus, which is a giant in the United States government services contracting market, which had 11 million pieces of information stolen.
SOURCE: TC
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Business
Bitcoin Goes Over $80,000 As Buyers Guess Whether Trump Will Run For President.
(VOR News) – The following day, Bitcoin achieved a new record high as a consequence of traders’ wagers on the potential benefits of Donald Trump’s return to the White House for the cryptocurrency.
This was an additional factor contributing to Bitcoin’s recent record-breaking performance.
This resulted in Bitcoin’s first-ever record-breaking high.
The digital currency’s inaugural transaction, valued at eighty thousand dollars, was executed one hundred twenty minutes after twelve o’clock in the afternoon (1200 GMT). This occurred shortly after the timepiece reached twelve.
The conviction that President Trump may reduce laws on digital currencies has increased as a result of his victory in the presidential election that occurred in the United States on Tuesday. This conviction has been bolstered by his election victory. Since the election was won by the Republican nominee, Trump, this mentality has been gradually cultivated.
On Wednesday, the price of bitcoin achieved a new all-time high of $75,000, surpassing the previous all-time high of $73,797.98, which was achieved in March. This item has attained the highest price to date.
It was widely believed that Trump was the politician who embraced Bitcoin during his campaign against Kamala Harris, the Democratic Party candidate. Harris was a candidate for the Democratic Party in the Senate campaign.
Donald Trump employed the term “hoax” to describe cryptocurrencies during his inaugural tenure as president of the United States. However, in the time that has passed since then, he has experienced a substantial change in his viewpoints, which has even resulted in the creation of his own committee platform.
In addition to his pledge to establish the United States of America as the “bitcoin and cryptocurrency capital of the world,” he has also committed to appointing Elon Musk, a tech entrepreneur and right-wing conspiracy theorist, to the role of overseeing a comprehensive investigation into the government’s wasteful practices.
Both of these commitments are components of his strategy to enhance the prosperity of the United States of America. It is crucial to acknowledge that he has made a commitment to both of these.
The administration of President Trump was responsible for the reduction of corporation taxes, which resulted in an increase in market liquidity and facilitated the investment in high-growth assets, such as cryptocurrencies. Through the administration of President Trump’s predecessor, this was accomplished.
The previous administration benefited from a decrease in the tax rate for Bitcoin companies.
In September, President Trump announced that he, his sons, and other organizations would be creating a digital currency platform known as World Liberty Financial. The development of this platform would also incorporate the participation of other businesses. The network would facilitate the conversion of digital currency into corporeal currency.
Nevertheless, it experienced an unsuccessful sales launch earlier this month, with only a small percentage of the tokens that were placed on the market being purchased by consumers. This incident transpired earlier this month. From this, it is possible to infer that the launch was unsuccessful.
Cryptocurrencies have been the subject of numerous news articles since their inception. The FTX exchange platform is the most notable of the numerous industry stalwarts that have fallen, and these stories have covered a wide variety of subjects, including the immense volatility of their pricing. Numerous topics have been addressed in these narratives.
According to reports that circulated in the days preceding the election, he made history by becoming the first former president to utilize bitcoin to conduct a transaction. Donald Trump achieved historical significance by conducting a transaction using bitcoin. This could be considered a significant accomplishment.
He accomplished this by purchasing hamburgers from a restaurant in New York City, which characterized the transaction as “historic.” He succeeded in achieving these objectives. Because of this opportunity, he capitalized on it.
Bitcoin, a digital currency, is transacted on the market every day of the week, including Sundays.
SOURCE: TET
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Subsidies for Electric Vehicles Cut as Consumer Interest Fades
Chewy Slides After Filing Shows 3rd-Biggest Shareholder, ‘Roaring Kitty,’ Sold His Stake
Canada CBC News CEO Catherine Tait Recalled to Parliamentary Committee
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