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Trump’s business prospects just got dimmer as Wall Street backs away from tarnished brand

  • Deutsche Bank has been Trump’s primary business lender since the 1990s and is owed about $340 million in three loans, according to a person with knowledge of the matter.
  • When those loans come due in 2023 and 2024, Trump will have to repay them in full or find another institution to lend him the money. He cannot refinance with Deutsche, which had been looking at cutting ties with the president even before the horrific events of Jan. 6, said the person.
  • If Trump defaults on his loans, Deutsche can seize the golf courses and hotels secured by the mortgages, and if their value isn’t sufficient to repay the debt, the bank can go after Trump personally, who guaranteed the loans, the person said. Read More

Report: 23 Fatalities, 28 Injuries in Israeli Raids in Eastern Syria

According to SANA, the “Israeli enemy carried out an air aggression on Deir Ezzor City and al-Bukamal” in southeastern Syria at 1:10 AM Wednesday.

The London-based Syrian Observatory for Human Rights reported Wednesday morning about intense Israeli raids that targeted military sites of the Syrian regime forces and Iranian militias in Deir Ezzor, on the Syrian border with Iraq.

Air strike in Syria (archive)

The Center, which is affiliated with the Syrian opposition, claimed that at least 23 people were killed and 28 injured in the overnight attack attributed to Israel. According to the report, seven Syrian soldiers and 16 members of the pro-Iranian militias were killed.

Al-Alam, an Arabic news channel broadcasting from Iran and owned by the state, reported that more than 18 sites had been targeted.

Al Mayadeen, a TV channel broadcasting from Lebanon and affiliated with Hezbollah, reported about repeated explosions heard on the Syrian-Iraqi border, apparently from airstrikes on Syrian territory. Read More

German Banking Giant Deutsche Bank Cuts Ties with President Trump

  1. Deutsche Bank will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters’ assault on the U.S. Capitol, The New York Times reported.
  2. Deutsche Bank is Trump’s biggest lender, with about $340 million in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons.

A Deutsche Bank AG flag flies outside the company's office on Wall Street in New York.

 

Amazon, Citigroup among companies pausing Republican political donations after Capitol siege

CBC News: Republicans in the U.S. Congress faced growing blowback on Monday from businesses that said they would cut off campaign contributions to those who voted last week to challenge president-elect Joe Biden’s victory.

Citigroup Earnings Reflect Mobile Efforts | PYMNTS.com

The announcements by Dow Inc., American Express and Amazon, among others, threaten to throttle fundraising resources for Republicans who will soon be out of power in the White House and both chambers of Congress.

“Given the unacceptable attempt to undermine a legitimate democratic process, the Amazon PAC [political action committee] has suspended contributions to any member of Congress who voted to override the results of the U.S. presidential election,” Amazon spokesperson Jodi Seth said. Read More

Daesh (ISIS) attack kills 8 regime loyalists in east Syria

Daesh terrorists killed at least eight regime loyalists in eastern Syria on Monday, the latest in a series of deadly extremist attacks, a Britain-based war monitor reported.

Five Syrian soldiers and three pro-regime militia fighters were among those killed in the Daesh attack on one of their positions in a desert region of Deir Ezzor province, said the Syrian Observatory for Human Rights.

Daesh attack kills 8 regime loyalists in east Syria

Eleven others were wounded, some of them critically, meaning the death toll could climb, the war monitor added.

Daesh in 2014 overran large parts of Syria and Iraq and proclaimed a cross-border “caliphate” before multiple offensives in the two countries led to its territorial defeat.
The group was overcome in Syria in March 2019, but sleeper cells continue to launch attacks in the vast Badia desert spanning from central Syria eastwards to the border with Iraq. Read More

Cuomo Does About-Face on Lockdowns, Appoints Blue-Ribbon Commission to Resuscitate NY Economy

In his State of the State address on Monday, NY Governor Andrew Cuomo stressed that “We must deal with the short-term economic crisis. A record $15 billion state deficit. That must be addressed in the next several weeks,” following which “we must plan our economic resurgence. We simply cannot stay closed until the vaccine hits its critical mass. The cost would be too high. We will have nothing left to open. We must reopen the economy but we must do it smartly and safely.”

Which marks a 180-degree shift in the governor’s policy, having adhered to a year of ever-increasing lockdowns, even as his policy was being challenged, and losing, in federal courts. Last November, the US Supreme Court ruled against Cuomo in the combined case of Roman Catholic Diocese of Brooklyn, New York v. Andrew m. Cuomo, and Agudath Israel of America, et al. v. Cuomo, enjoining him from enforcing an executive order of 10- and 25-person occupancy limits in houses of worship in areas suffering from high infection levels of the Covid-19 pandemic. Read More

Biden nominates Black supremacist who endorsed anti-Semitic lecturer

President-elect Joe Biden’s pick for a top Department of Justice civil rights position is under fire after racist and black supremacist claims she made in college surfaced this week.

Kirsten Clarke, an attorney who leads the Lawyers’ Committee for Civil Rights Under Law, was nominated by Biden last Wednesday to serve as the Assistant Attorney General to lead the Department of Justice’s Civil Rights Division. Clarke has previously worked as a trial lawyer for the DOJ’s Civil Rights Division, and worked in the NAACP Legal Defense and Educational Fund.

On Monday night, however, a report aired on Fox News revealed that Clarke had a history of peddling racist and black supremacist ideas.

President-elect Joe Biden’s pick for a top Department of Justice civil rights position is under fire after racist and black supremacist claims she made in college surfaced this week.

Biden nominates Kristen Clarke for senior role at DOJ

Kirsten Clarke, an attorney who leads the Lawyers’ Committee for Civil Rights Under Law, was nominated by Biden last Wednesday to serve as the Assistant Attorney General to lead the Department of Justice’s Civil Rights Division. Clarke has previously worked as a trial lawyer for the DOJ’s Civil Rights Division, and worked in the NAACP Legal Defense and Educational Fund.

On Monday night, however, a report aired on Fox News revealed that Clarke had a history of peddling racist and black supremacist ideas.

Joe Biden: Distributing Coronavirus Aid to Minority-Owned Small Businesses Is ‘Our Priority’

The Biden administration will prioritize distributing coronavirus aid to small businesses owned by those in specific minority groups, according to a clip President-elect Joe Biden’s transition team shared Sunday.

The clip, taken from a press briefing Biden gave last week, features the president-elect saying his “priority” for distributing coronavirus economic relief available through the recently passed $900 billion stimulus bill will be small businesses with black, Latino, Asian, Native American, and women owners.

“Our focus will be on small businesses on Main Street that aren’t wealthy and well-connected that are facing real economic hardships through no fault of their own,” Biden says. “Our priority will be black, Latino, Asian, and Native American-owned small businesses, women-owned businesses” Read More