A multimillion-dollar lawsuit has been quietly making its way through the New York State court system over the last three years, pitting a private equity manager named David Storper against his former boss: Secretary of Commerce Wilbur Ross. The pair worked side by side for more than a decade, eventually at the firm, WL Ross & Co.—where, Storper later alleged, Ross stole his interests in a private equity fund, transferred them to himself, then tried to cover it up with bogus paperwork. Two weeks ago, just before the start of a trial with $4 million on the line, Ross and Storper agreed to a confidential settlement, whose existence has never been reported and whose terms remain secret.
It is difficult to imagine the possibility that a man like Ross, who Forbes estimates is worth some $700 million, might steal a few million from one of his business partners. Unless you have heard enough stories about Ross. Two former WL Ross colleagues remember the commerce secretary taking handfuls of Sweet’N Low packets from a nearby restaurant, so he didn’t have to go out and buy some for himself.
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Filed under China, Corruption, Democrats, humor, parody, politics, Republicans, Russia, satire, snark, television, Vladimir Putin
(Reuters) – U.S. President Donald Trump made a stunning concession to North Korean leader Kim Jong Un on Tuesday about halting military exercises, pulling a surprise at a summit that baffled allies, military officials and lawmakers from his own Republican Party.
Filed under Charles Schumer, China, humor, Lindsey Graham, Painting, parody, Pentagon, politics, Republicans, satire, snark, United Nations, Wordpress Political Blogs
The Trump administration is repealing the Clean Power Plan and proposing to extend the life of the defunct U.S. coal industry by providing it with taxpayer-funded subsidies. The proposal is the equivalent of having offered subsidies to hay producers in order to keep buggies on the streets in 1910, when automobiles had already shown their superiority.
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From the DAILY BEAST:
NEW YORK – Anthony Scaramucci, the newly appointed White House Communications Director, has the hair and wardrobe of a stock-photo businessman, a nickname too absurd to stick with anyone else (“the Mooch”), and a fortune made from hawking high-cost, low-performance investments to ordinary people who don’t need them.
His appointment Friday may have been a surprise to White House staff. But Scaramucci landing a high-profile Trump administration job is what what a sociologist might call “overdetermined.”
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From The Washington Post (Editorial Board):
IVANKA TRUMP’S conflicts of interest as a White House adviser already included the dependence of her clothing brand on Chinese manufacturers even as she and her husband participate in White House meetings with senior Chinese officials. Now a new and more troubling connection has come up: Authorities have moved to silence labor activists who were documenting poor working conditions at the factories that make Ivanka Trump shoes.
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From the Mirror:
Before his election, Donald Trump repeatedly pledged to “make America great again”, laying out an ambitious plan for his first 100 days.
His “contract with the voter” listed 28 promises he would deliver.
Well, the 100 days are up today and so far he has lived down to expectations by failing to deliver on a single major issue.
In the run-up to the milestone day, he moaned: “This is more work than in my previous life. I thought it would be easier.”
But one thing the US President has managed is to achieve more mayhem and confusion than any of his 44 predecessors.
Filed under Books, China, Holocaust, humor, Media, NATO, parody, politics, Republicans, satire, snark, Vladimir Putin, Wordpress Political Blogs
China’s Foreign Ministry is defending a decision to grant Ivanka Trump new trademark rights for her line of handbags, jewelry and spa services. The three new trademarks were approved April 6 while the president’s daughter and her husband, Jared Kushner, sat next to Chinese President Xi Jinping and his wife at dinner at President Trump’s Mar-a-Lago resort in Florida, according to The Associated Press.
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