IGOR17 USAF KC-135 tanker heading for the Not AF1 Joe Delaware position and taking over for 00000 USAF DC-10 extender
8:25pm EST Not AF1 Joe and Flauxtus depart Wilmington, Delaware en route the White House
9:20pm EST NOT AF1 Joe and Fluaxtus return to the White House
https://factba.se/biden/calendar
Non-profit tied to BLM co-founder Patrisse Cullors 'failed to disclose at least $175,000 in donations to the IRS' leading to demands for audit
A non-profit group tied to Black Lives Matter co-founder Patrisse Cullors failed to report significant donations to the IRS, according to a new report.
Dignity and Power Now, a group that Cullors founded in 2013 to help black and minority prisoners, brought in at least $225,000 in 2016, but only disclosed $50,000 to the IRS, according to the New York Post.
Because the group claimed it took in only $50,000, it did not have to file a return or outline all of its spending and donations to the IRS. Cullors, who resigned from leadership of the Black Lives Matter Global Network after backlash over her lavish real estate spending, is listed as the founder on Dignity and Power Now's website, and prior filings listed her as the group's board chair. Though Dignity and Power Now only reported $50,000 in income in 2016, the group was given $100,000 by the Los Angeles-based Resnick Foundation and $125,000 by the California Initiative, public records for the two donors show.
On Friday, the National Legal and Policy Center, a conservative watchdog group, filed complaints to both the IRS and the California Attorney General, which regulates charities in the state, demanding an audit of Dignity and Power Now's finances. 'The obvious question is what happened to the money,' NLPC chairman Peter Flaherty told the post. 'Given these circumstances, we believe that an audit is in order. Dignity and Power Now purports to speak in the name of the disadvantaged. The IRS must ensure that no one is taking advantage,' he added.
Dignity and Power Now did not immediately respond to an inquiry from DailyMail.com late on Saturday, and Cullors could not be reached for comment.
It comes just weeks after Cullors resigned when her $3 million property portfolio was revealed, although she said the houses were bought with cash earned through public speaking and books she has written. Cullors, 37, claimed at the time that her resignation has been in the works for more than a year, and had nothing to do with criticism over her financial dealings. 'Those were right-wing attacks that tried to discredit my character, and I don´t operate off of what the right thinks about me,' Cullors told the AP.
BLM Global Network took in $90 million in 2020, and was left with a balance sheet of $60 million by January 2021. Around $8 million was spent on expenses, including staffing costs with the other $20 million donated to local chapters and nonprofits, Those numbers - and news of Cullors' property portfolio - led to questions about how BLM is spending its money, and complaints over a lack of transparency from bereaved families previously supported by the group. Michael Brown Sr - whose 18 year-old son Michael Brown was shot dead by a cop in Ferguson, Missouri, in 2014, last week added his name to the BLM 10 Plus movement, which is demanding financial transparency from national leaders of the movement. The group is comprised of the original 10 Black Lives Matter chapters, and is seeking transparency and accountability from BLM about how its cash has been used.
The national BLM foundation took in over $90 million last year and said it committed $21.7 million in grant funding to official and unofficial BLM chapters, as well as 30 black-led local organizations.
https://www.dailymail.co.uk/news/article-9705323/Non-profit-tied-BLM-founder-Patrisse-Cullors-failed-disclose-donation-report-says.html
China is quietly stepping up its interventions in markets
China is resorting to increasingly forceful measures to contain risks to the financial system, in moves that threaten to undermine President Xi Jinping’s pledge to give markets greater freedom.
Authorities have in recent weeks ordered state firms to curb their overseas commodities exposure, forced domestic banks to hold more foreign currencies, considered a cap on thermal coal prices, censored searches for crypto-exchanges and effectively banned brokers from publishing bullish equity-index targets. A new rule will bar cash management products from holding riskier securities and limit their use of leverage. On Thursday, an official said China plans to sell metals from state reserves. While the measures fall short of direct intervention, they risk reinforcing the notion of moral hazard. If traders know authorities are likely to step in to limit gains or losses in an asset class, they can bet on that outcome with some certainty. The implied government backstop can encourage one-way bets — a challenge for policymakers as they seek to make markets more efficient while supporting an imbalanced economic recovery.
"The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” said Michael Pettis, a Beijing-based professor of finance at Peking University and author of "Avoiding the Fall: China’s Economic Restructuring." "The more China stabilizes markets, the more fundamentally unstable they become because of moral hazard.” Easy monetary conditions abroad are exerting pressure on Beijing. Much of the liquidity unleashed by governments and central banks in the past 15 months has headed straight into China — a huge market offering higher yields, a strong currency and increasingly better access for foreign nationals. One-sided capital controls mean prices can be skewed by too much money entering the mainland.
Officials have warned of asset bubbles on multiple occasions since January. Even before surging commodities started to stoke inflation risks, authorities had already encouraged a correction in stocks and cornered leveraged bond traders.
https://www.japantimes.co.jp/news/2021/06/19/business/china-market-intervention/
RCH818T USAF C-17 Globemaster on final approach at Pittsburgh Int'l-departed JBA after a ground stop and load-in..origin of McGuire AFB, NJ earlier
Harris to visit Pittsburgh, push infrastructure proposal on Monday
https://cumberlink.com/news/state-and-regional/harris-to-visit-pittsburgh-push-infrastructure-proposal-on-monday/article_dfc8e5c3-9549-5fa0-951c-9d3b5bf0bf14.html
hope so