American hedge fund billionaire George Soros is back in the headlines after revelations that the shadowy political donor has been hiding his fortune from US regulators with at least three offshore companies, including Mossack Fonseca, the firm exposed by the Panama Papers leak. While it seems like this slipped by the mainstream media, another controversy seems to have even more so. The notorious billionaire has sold off an entire third of his stocks and bought a $264 million share in the world’s largest gold mining company. If history teaches us anything, Soros is a great financial mastermind who hatches schemes with global impact. Gold expert and Regal Gold Assets CEO Tyler Gallagher joins “News With Ed” to talk about it.
Senator Bernie Sanders issued a stinging rebuke to the Democratic Party’s leadership for criticizing his supporters’ protests at the Nevada convention last weekend, saying it had used its power “to prevent a fair and transparent process from taking place.” The mainstream media has used the word “violence” to describe some political angst vented by Bernie backers that night. However, not everybody agrees with that assessment, as Nina Turner, national surrogate for the Bernie Sanders campaign, tells RT America’s Ed Schultz.
In this May 21, 2015, file photo, workers prepare an oil containment boom at Refugio State Beach, north of Goleta, Calif., two days after a ruptured pipeline created the largest coastal oil spill in California in 25
he company responsible for spilling 140,000 gallons of oil on the Pacific coastline near Santa Barbara, California, has been indicted on 46 charges, including four felony charges. One employee of Plains All American Pipeline was also indicted.
The company faces up to $2.8 million in fines plus additional costs and penalties, which would be split between the state and Santa Barbara County. The employee, 41-year-old environmental and regulatory compliance specialist James Buchanan, faces up to three years in jail.
“Crimes against our environment must be met with swift action and accountability,” California Attorney General Kamala Harris said in a statement. “This conduct is criminal and today’s charges serve as a powerful reminder of the consequences that flow from jeopardizing the well-being of our ecosystems and public health.”
A man waves a Colorado flag with a marijuana leaf on it at Denver’s annual 4/20 marijuana rally in front of the state capitol building in downtown Denver, April 20, 2015. (photo: Rick Wilking/Reuters)
Christopher Woody | International Business Times | Reader Supported News | May 18, 2016
n April, the US Drug Enforcement Administration (DEA) said it would review marijuana’s classification as a Schedule I drug, considered the “most dangerous class” of substances.
While the DEA’s announcement is a positive sign, many drug policy experts think it’s unlikely the agency will actually decide to change marijuana’s classification, despite a dramatic shift in public sentiment about the drug.
Marijuana’s position in the top tier of the scheduling system — which organizes drugs by their “acceptable medical use and … abuse or dependency potential” — has endured since the 1970s.
“DEA will carry out its assessment of the FDA recommendation in accordance with the [Controlled Substances Act] … and hopes to release its determination in the first half of 2016,” the DEA said in a letter to a group of Democratic senators, first obtained by the Huffington Post.
Labor Secretary Thomas Perez and President Obama will announce a new rule Wednesday that will expand the number of workers eligible for overtime pay. (photo: Andrew Harrer/Bloomberg)
he Obama administration will unveil a new rule Wednesday that would make millions of middle-income workers eligible for overtime pay, a move that delivers a long-sought victory for labor groups.
The regulations, which were last updated more than a decade ago, would let full-time salaried employees earn overtime if they make up to $47,476 a year, more than double the current threshold of $23,660 a year. The Labor Department estimates that the rule would boost the pay of 4.2 million additional workers.
The change is scheduled to take effect Dec. 1.
The move caps a long-running effort by the Obama administration to aid low- and middle-income workers whose paychecks have not budged much in the last few decades, even as the top earners in America have seen their compensation soar. The last update to the rules came in 2004, and Wednesday’s announcement is the third update to the salary threshold for overtime regulations in 40 years.
Bernie Sanders | Reader Supported News | May 18, 2016
.S. Sen. Bernie Sanders on Tuesday issued the following statement:
“It is imperative that the Democratic leadership, both nationally and in the states, understand that the political world is changing and that millions of Americans are outraged at establishment politics and establishment economics. The people of this country want a government which represents all of us, not just the 1 percent, super PACs and wealthy campaign contributors.
“The Democratic Party has a choice. It can open its doors and welcome into the party people who are prepared to fight for real economic and social change – people who are willing to take on Wall Street, corporate greed and a fossil fuel industry which is destroying this planet. Or the party can choose to maintain its status quo structure, remain dependent on big-money campaign contributions and be a party with limited participation and limited energy.
“Within the last few days there have been a number of criticisms made against my campaign organization. Party leaders in Nevada, for example, claim that the Sanders campaign has a ‘penchant for violence.’ That is nonsense. Our campaign has held giant rallies all across this country, including in high-crime areas, and there have been zero reports of violence. Our campaign of course believes in non-violent change and it goes without saying that I condemn any and all forms of violence, including the personal harassment of individuals. But, when we speak of violence, I should add here that months ago, during the Nevada campaign, shots were fired into my campaign office in Nevada and apartment housing complex my campaign staff lived in was broken into and ransacked.