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Letitia James returns to court to prove that Trump’s bail in his fraud case is invalid, clearing the way for seizure of his assets

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New York AG Letitia James Heads Back to Court to Prove Trump

A court hearing scheduled for April 22 will determine whether Donald Trump has met the conditions required to stay on bail, reduced from the $464 million he was required to pay to New York State to appeal a civil fraud verdict against him earlier this 12 months .

A dissent to the deal filed earlier this month by New York Attorney General Letitia James raised serious concerns about whether Trump had met the terms of the reduced $175 million bond that Trump received in late March after the former president successfully appealed the requirement paid a deposit in the amount of the full judgment amount plus interest. James was prepared to begin seizing Trump’s assets if he couldn’t pay the full amount in money.

Trump’s lawyers responded this week to James’ April 4 motion, arguing that her office’s review of the bond posted last month was unnecessary and lacking detail, adding that she should bear the costs of the escalating legal battle.

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Letitia James returns to court to prove that Trump's bail in his fraud case is invalid, clearing the way for seizure of his assets
New York Attorney General Letitia James (Photo: Michael M. Santiago/Getty Images)

“The NYAG exception is unnecessary and should be offset by costs. “Her scant notice reveals no shortcomings other than her failure to include a certificate of qualification,” reads the motion filed by Trump’s lawyers. “Although the certificate would be conclusive justifying evidence, it is not the only justifying evidence.”

Earlier, Trump had asked for a delay in paying the massive high-quality while difficult the unprecedented ruling, although defendants in New York typically must post bail higher than the sentence to be eligible for an appeal.

A Feb. 16 ruling by Judge Arthur Engoron found Trump responsible for inflating the value of his New York properties, including hotels and golf clubs, while defrauding banks and insurers for many years.

In late March, a New York appeals court stopped short of putting the former president into debt collection if he could collect $175 million inside 10 days, but James’ motion filed in early April questioned whether the conditions had been met.

Initial problems with the first bond order led to an amended version that would have allowed Trump to pay 62 percent lower than the original judgment.

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A small number of billionaire donors have stepped up greater than a month after the verdict to help Trump raise his recent bonds, which Trump admits he cannot afford to pay in money after bragging for years that he is one of the world’s richest billionaires .

Ultimately, Knight Specialty Insurance Company and its owner Don Hankey committed to providing $175 million and helping Trump prevent the attorney general from seizing Trump’s assets for a mass verdict.

In her April 4 arguments, James claimed that Trump’s lower bond amount was issued “without a certificate of qualification under § 1111 of the Insurance Act” and that Trump’s legal team had to file additional documents inside 10 days to “justify the bond.”

However, Trump’s lawyers dismissed James’ concerns about the “sufficiency of the surety bond.”

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Trump’s lawyers and KSIC’s lawyers filed papers on April 15 in response to James, arguing that the attorney general’s objection to their bond needs to be dismissed and her office should cover costs incurred in responding to her objection.

Lawyers acknowledged that a “certificate of eligibility” would eliminate the need to explain the bond. However, they argued in the note that Engoron could approve the bond even without the certificate. They said there was “overwhelming” evidence in the documents showing that the $175 million bond was secured by $175 million in money in a Schwab brokerage account controlled by KSIC.

The latest court filing underscored Trump’s dire financial situation, as disclosures made during the February campaign revealed that about $50 million from Republican Party donors was used to pay Trump’s outstanding legal bills amid a flurry of criminal and civil charges.

Engoron’s ruling also coincided with a separate ruling in a defamation suit brought by writer E. Jean Carroll, in which Trump was ordered to pay $83 million.

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In the lawsuit filed by AG James, Trump was ordered to pay $355 million, which just about immediately increased to $454 million with interest, a rise of greater than $85,000 for every day that Trump failed to pay the full amount of the high-quality.

James filed a civil lawsuit against Trump in 2022 after discovering evidence of systematic fraud at the Trump Organization, including schemes that inflated Trump’s net price with false financial statements.

Last 12 months, Trump and his adult sons testified at trial and accused the accountants of financial mismanagement. Both Trump Jr. and Eric Trump testified that that they had little to do with their father’s financial statements, stressing that other executives at the Trump Organization were responsible for keeping the books.

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This article was originally published on : atlantablackstar.com
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Politics and Current

‘Hands off!’ Protests against Trump and musk are planned throughout the United States

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Opponents of President Donald Trump and billionaire Elon Musk plan to assemble on Saturday in the USA on Saturday to protest against administration activities regarding the reduction of the government, the economy, human rights and other issues.

Over 1,200 “hands!” Demonstrations have been planned by over 150 groups, including civil rights organizations, trade unions, supporters of LBGTQ+, veterans and activists on honest elections. Protests are planned for the National Mall in Washington, state capitol and other locations in all 50 states.

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The White House didn’t return E -Mail with a commentary on protests. Trump promoted his policies as in the best interest of the USA

Protesters attack the movements of Trump’s administration to release 1000’s of federal employees, close field offices of the social security administration, effectively shutterlights of entire agencies, immigrants deportation, reducing transgender protection and limiting the federal financing of health programs.

Musk, an adviser to Trump, who owns Tesla, SpaceX and the Social Media Platform X, played a key role in reducing the government as the head of the newly created Department of Government Efficiency. He says he saves billions of dollars of taxpayers.

Activists have repeatedly issued national demonstrations against Trump or Musk since the recent administration took power. But the opposition movement has not yet created mass mobilization, similar to the Women’s March in 2017, which brought 1000’s of ladies to Washington, after the first inauguration of Trump or demonstrations of Black Lives Matter, which broke out in lots of cities after killing George Floyd in 2020.

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The organizers say they hope that Saturday’s demonstrations shall be the best since Trump has returned to the office in January.

(Tagstranslate) @Ap

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This article was originally published on : thegrio.com
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The marathon speech of Senator Cory Booker goes 16 hours and counts, calling on the “recklessness” of Trump’s policy – essence

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The marathon speech of Senator Cory Booker goes 16 hours and counts, calling on the

(Photo Tierney L. Cross/Getty Images

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Senator Cory Booker took a position on Monday evening – literally. Democrat in New Jersey entered the Senate floor at 19.00, swearing to say “as long as I am physically talented.”

And he meant it. An hour after an hour, Booker continued – in his hand, a voice, unwavering voice – so long as the sun increased on Tuesday morning. At 11 am, his marathon speech prolonged after 16 hours, and over 40,000 people tuned on YouTube, observing in real time.

His goal? Calling what he says is a “crisis of the moment” attributable to Trump’s administration policy and demand that the legislators take motion.

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“We all have a duty to do something different than to cause – how [the late Rep.] John Lewis said – “Good trouble”, “And this embraces me,” said Booker in the film Shared at X Before he began speech.

https://www.youtube.com/watch?v=v2utlmxawte

“In just 71 days, the president caused damage after damage to the safety of Americans, financial stability, the foundations of our democracy and all a sense of common decency,” said Booker in his own Opening comments.

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Throughout the night he directly aimed toward Donald Trump, Elon Musk and politics, which, he claims, show “the complete disregard for the rule of law, constitution and the needs of the American nation.” He discussed every little thing-health care and social security for immigration, public education and freedom of word-reading letters from on a regular basis Americans who claim that they feel the influence of politicians supported by Trump.

“These are not normal times in our nation. And they should not be treated as such in the United States Senate,” said Booker in his opening comments.

While Trump and Musk didn’t reply to the speech, the moment of the Booker marathon is available in a busy time for democrats. Last month, nine Democrats were told to the Republicans to adopt a draft expenditure supported by Trump, avoiding the closing of the government, but the frustrating voters who wanted their legislators to adopt a tougher position against administration.

What did the Booker really do?

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It wasn’t a filibuster. Filibuster are used to dam the regulations, but the Booker didn’t attempt to stop the specific bill. Instead, he used the Senate floor force to be sure that that the urgency of this political moment can’t be ignored. According to the principles of the Senate, if the senator has a floor, he can talk so long as they’ll stand and speak physically.

And Booker? He probably stayed – literally. At one point he even had a side of the Senate in order that he wouldn’t feel like sitting.

To give himself a small break, Booker allowed other democrats to ask questions – only because the senator could give the floor without loss.

Until Tuesday morning, Booker spoke for 16 hours and counted – but he broke the record of the longest speech in the history of the Senate. In 2013, Ted Cruz talked for 21 hours and 19 minutes trying (and failed) to reject Obamacare. But the longest speech in the history of the Senate? That the infamous 24-hour, 18-minute Filibuster Wa Strom Thurmond in 1957, which opposed the Citizens’ Rights Act.

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That’s right – the longest in the Senate in history was the try and block black people before obtaining equal rights.

But the moment of the Booker concerned something different. It was a reminder – a call to act – that these should not normal times, and democrats cannot afford to sit down.

So he stood. And he said. And it makes sure that all of us concentrate.

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This article was originally published on : www.essence.com
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Politics and Current

The role of AI in Trump’s trade strategy

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Trump, Mass Deportations, Day 1


The unveiling of President Trump’s latest business policy, marked by a show of recent “mutual tariffs”, caused widespread confusion.

Administration proposal regarding the use of 10% of the fundamental tariff in all Import-non-statement from the origin, even from probably the most distant territories-he was inacculed with specific rates for the country, which gave the impression to be contrary to established economic data immediately raised eyebrows.

The market reacted quickly, and the symptoms of the campaign are falling, and economists warn of the likely rapid increase in consumer prices.

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The central investigation concerns the origin of this data. Evidence suggests correlation Thanks to the calculations generated by AI Chatbots, a very simplified formula that divides the nation’s business deficit from the USA through its complete export to American economist James Surowiklecki, who reversed the methodology of the White House, said: “The approach is an extraordinary nonsense.”

The evaluation of the economist adapted to the outcomes generated by AI, despite the incontrovertible fact that officials denied artificial intelligence. However, the assessment revealed the striking similarity between the White House scenario and the findings of Surowicki.

Surowicki’s assessment is strengthened by warning statements issued by the AI ​​platforms themselves. For example, Gemini Google expressed the potential of “significant negative consequences” and emphasized the prevailing economic consensus that “tariffs are not an effective tool for balancing trade deficits.”

Although the direct causal relationship between the info generated by AI and administration policy stays unconfirmed, similarities justify control.

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This incident is a symptomatic broader trend: the formulation of a policy that priority priority over strict evaluation. This approach isn’t unique in business policy. Consider the next examples:

  1. Establishing space force: Considering the speculative nature of such scenarios, the justification of a dedicated military ward to unravel extraterrestrial threats He was questioned.
  1. Border wall construction: Despite the numerous Financial investments, the effectiveness of the project in limiting illegal immigration has been questioned.
  1. Implementation of travel ban: The justification of the policy, allegedly based on the fears of national security, was questioned in court proceedings and by international observers.

Legal expert It was found“It was a policy built on fear, not facts.”

  1. Withdrawal from the Paris Agreement: Scientific and diplomatic communities criticized Decision to withdraw from the International Climate Agreement.

These rules, just like AI tariffs, show the priority of ideological goals before empirical evidence.

When the international community observes and is waiting for the implementation of these tariffs on April 5, the air is dense with uncertainty. The query isn’t just in regards to the numbers and the method that he created them. Relying on data sources, which even AI systems warn against serious fears in regards to the administration approach to developing economic policy.

It isn’t simply a matter of different opinions; Whether the foundations shaping our economy are based on sound evaluation or something just like a digital touching shoulders.

The world intends to see what is going to occur when Kaprys Chatbota potentially makes economic decisions; To be honest, this angle should stop.

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(Tagstranslat) foreign policy

This article was originally published on : www.blackenterprise.com
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