Trump and his family jump into crypto, which the FBI calls a hive of ‘pervasive’ criminality

Los Angeles Times

Column: Trump and his family jump into crypto, which the FBI calls a hive of ‘pervasive’ criminality

Michael Hiltzik – September 18, 2024

Republican presidential nominee former President Donald Trump speaks to reporters in the spin room after a presidential debate between Republican presidential nominee former President Donald Trump and Democratic presidential nominee Vice President Kamala Harris, Tuesday, Sept. 10, 2024, in Philadelphia. (AP Photo/Matt Rourke)
Donald Trump in the “spin room” after his Sept. 10 debate with Vice President Kamala Harris. (Matt Rourke / Associated Press)

There have been a couple of new developments in the crypto world over the last few days just begging to have their dots connected. Here they are:

On Sept. 9, the Federal Bureau of Investigation issued its annual report on cryptocurrency fraud. The FBI found that, in 2023, crypto-related fraud absolutely exploded, with $5.6 billion in losses suffered by Americans. That was a 45% increase over the year before.

“Criminal actors exploit cryptocurrencies in each scheme category” tracked by the agency’s Internet Crime Complaint Center,” Assistant FBI Director Michael D. Nordwall wrote in the report. Crime was “pervasive” in the field, he wrote, with the most common victims being investors; their losses accounted for nearly 71% of the total.

Since cryptocurrencies eliminate the need for financial intermediaries to validate and facilitate transactions, criminals can exploit these characteristics to support illicit activity such as thefts, fraud, and money laundering.

FBI, 2023 Cryptocurrency Fraud Report

That’s one. The second development was that Donald Trump and his family jumped whole hog into the crypto market.

Via a livestream Monday on the social media platform X and numerous X postings, Trump, his sons Donald Jr., Eric and Barron identified themselves or were identified as participants in the new venture. It’s known as World Liberty Financial, and evidently plans to market a crypto “stablecoin” — one with value linked directly to the U.S. dollar — to customers. No one has suggested that there’s anything criminal in the venture as it’s been laid out. There’s no indication that Trump’s ongoing criminal cases have anything to do with cryptocurrency.

“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump declared last week in a pre-livestream tweet on X.

The idea that Trump — whose prior business ventures include Trump University, which was deemed “fraudulent” by New York authorities; six bankruptcies — five of his casinos and one bankrupty of New York’s Plaza Hotel — and the failed enterprises Trump Shuttle, Trump Vodka, Trump Steaks and Trump Mortgage — would now do a cannonball dive into this sea of documented criminality seems so perfect it’s almost preordained. (Trump didn’t admit wrongdoing in the legal settlement of the Trump University case, but paid $25 million in compensation to former students and in legal penalties.)

So let’s examine just how bad crypto has been for Americans, according to the FBI. Then we’ll turn to Trump crypto.

Cryptocurrency — think bitcoin and its offspring, legitimate and otherwise — has several features that make it “an attractive vehicle for criminals,” the FBI reported.

“The decentralized nature of cryptocurrency, the speed of irreversible transactions, and the ability to transfer value around the world,” the FBI said, create “challenges to recover stolen funds. Once an individual sends a payment, the recipient owns the cryptocurrency and often quickly transfers it into an account overseas for cash out purposes.”

Read more: Column: Most Americans have a negative view of crypto. So why are political campaigns rushing to embrace it?

It’s worth noting that some of these features are touted by crypto promoters, including the Trumps, as virtues — crypto’s decentralization, meaning that there are no intermediaries such as those “slow and outdated” banks to stand between buyers and sellers; its irreversibility, the speediness of the transactions.

Of course, to investors or consumers using cryptocurrencies as investment vehicles or means of payment, these may actually be drawbacks. If your investment manager absconds with your tokens, or a merchant fails to deliver what you bought with your bitcoin, you’re on your own.

“Since cryptocurrencies eliminate the need for financial intermediaries to validate and facilitate transactions,” the FBI said, “criminals can exploit these characteristics to support illicit activity such as thefts, fraud, and money laundering.”

According to the FBI, the U.S. is the world capital of crypto fraud. No other country comes close. Losses from complainants in the U.S. received by the FBI’s internet crime center in 2023 came to $4.8 billion; the second-ranked location of complainants was the Cayman Islands, with $195.7 million, followed by Mexico ($127 million) and Canada ($72.1 million).

The complaint roster showed that Californians lost the most in 2023, nearly $1.2 billion, followed by Texans ($412 million) and Floridians ($390 million). On a per capital basis, however, New Yorkers were the most seriously cheated, mulcted out of an average of $3,800 per 100,000 residents. Californians came in second, at $2,962.

Read more: Column: Sam Bankman-Fried’s seven guilty verdicts expose crypto as a swindle through and through

As for the specific pitfalls, investment scams accounted for 71% of all cryptocurrency losses for Americans. They were followed by call center frauds, including tech or customer support or government impersonation scams.

Ransomware scams cost American businesses $27.4 million in 2023, not counting the cost of lost business, time, wages, files, equipment, or the hiring of third-party services by the victims.

This is the environment that the Trumps have embraced. When I asked the Trump campaign to comment on questions that have been raised by commentators within and outside the crypto field, including questions about the family’s partners in World Liberty Financial and about whether Trump’s launch of a new business venture raises the potential for massive conflicts of interest if he becomes president, all I got from Brian Hughes, who is identified as a “senior advisor” to the campaign, was a bog-standard attack on Democratic candidate Kamala Harris.

“Crypto innovators and others in the technology sector are under attack from Kamala Harris and the Democrats,” Hughes wrote.

“Few, even in the crypto world, seem excited about this project,” observes Molly White, an indefatigable chronicler of the costly hijinks in the world of crypto and other fringe financial assets. “Many seem concerned that it could worsen crypto’s already grifty reputation.”

Why would that be? One of the reported advisors to the Trumps on World Liberty Financial is Chase Herro, who described himself in 2018 as a “dirtbag of the internet.” Herro can be seen in a YouTube video recorded that year delivering a profanity-heavy spiel for crypto and other weird assets: “You can literally sell s— in a can, wrapped in piss, covered in human skin for a billion dollars if the story’s right, because people will buy it.”

According to a World Liberty Financial white paper viewed by Coinbase, Herro was formerly associated with Dough Finance, a blockchain app that lost more than $2 million to hackers in July.

Read more: Column: Thinking of putting crypto in your 401(k)? Think twice

The white paper describes Herro as the data and strategies lead of World Liberty Financial, according to Coinbase. He and another partner, Zachary Folkman, were brought together with the Trumps by Steve Witkoff, a real estate developer close to Donald Trump.

Witkoff said during Monday’s X livestream that he had met Herro and Folkman through one of his sons. He described them as “exceptionally bright people.” He said, “They began talking to me about decentralized finance…. As I began to understand it, I said, who would understand this better than the Trump family?” The venture came together over a period of nine months.

World Liberty Financial didn’t respond to my requests for comments about Herro’s business record, the potential for conflicts of interest by Trump, the roles of his family members in the firm, or the FBI’s judgment about the criminality of crypto.

These questions all but ask themselves, however. Through this venture, Trump is setting himself up as an adversary of a banking and financial system that he would oversee as president, and as an advocate of an alternative financial system that has been the target of investigations and regulatory concerns raised by the Securities and Exchange Commission, the Department of the Treasury and other federal financial regulators.

Let’s not forget that Trump formerly condemned cryptocurrencies as a “scam” and “potentially a disaster waiting to happen.” By July, he had changed his tune. “Bitcoin is not just a marvel of technology,” he said in a keynote speech delivered at a major bitcoin conference. “It’s a miracle of cooperation and human achievement and a lot of relationships that are formed.”

Trump plainly smells money in this newfangled scheme. According to the white paper viewed by Coinbase, 70% of the crypto tokens to be marketed by World Liberty Financial — those carrying governance control over the project — will be reserved for founders and insiders such as himself. That’s an exceptionally high number, judging from other crypto ventures.

So what is World Liberty Financial but another Trump-branded get-rich-quick opportunity for himself? We all know how those others turned out. Why would this one end up any better?

Scientific American makes presidential endorsement for only the second time in its 179-year history

Independent

Scientific American makes presidential endorsement for only the second time in its 179-year history

Myriam Page – September 18, 2024

Trump v Harris: Watch the highlightsScroll back up to restore default view.Yahoo is using AI to generate takeaways from this article. This means the info may not always match what’s in the article. Reporting mistakes helps us improve the experience.Generate Key Takeaways

A top science magazine has waded into the political sphere after making a presidential endorsement, only the second in its 179-year history.

“Vote for Kamala Harris to Support Science, Health and the Environment,” read the headline in Scientific American on Monday, announcing the publication’s official support for the Democratic presidential candidate.

Harris is Scientific American’s second presidential endorsement in its history, after the magazine backed President Joe Biden during the 2020 election.

“The US faces two futures,” the editors wrote, pushing one candidate who “offers the country better prospects, relying on science, solid evidence and the willingness to learn from experience.”

They continued: “In the other future, the new president endangers public health and safety and rejects evidence, preferring instead nonsensical conspiracy fantasies.”

Scientific American, which has a global readership of six million, cited Harris’s record as vice president, senator and presidential candidate as reasons for endorsing her.

They acknowledged that Trump, “also has a record – a disastrous one,” during his time in the White House.

The magazine firstly focused on the candidates’ healthcare policies and proposals, in particular, health insurance in its comparison.

Praising the Biden-Harris administration for bolstering the Affordable Care Act (ACA) – which expanded the number of adults eligible for health insurance – the editors noted that while Harris has said she would expand the program, Trump has pledged to repeal it but failed to clarify what he would replace it with.

“I have concepts of a plan,” he said while facing off against Harris during the September 10 presidential debate.

Kamala Harris shakes hands with Donald Trump before the debate on September 10 in Philadelphia (AFP via Getty Images)
Kamala Harris shakes hands with Donald Trump before the debate on September 10 in Philadelphia (AFP via Getty Images)

The article refers to the debate multiple times, seemingly agreeing with many across the political spectrum (including some of Trump’s closest allies) that Harris won.

The article highlights Trump’s baseless claim during the debate that some states allow a person to obtain an abortion in the ninth month of pregnancy, and calling it “execution after birth.”

“No state allows this,” Scientific American clarified. The magazine also emphasized that Trump refused to answer whether he would veto a national abortion ban.

Meanwhile, Harris was hailed as a “staunch supporter of reproductive rights” for vowing to improve access to abortion care and for co-sponsoring a package of bills to reduce rising maternal mortality rates when she was a senator.

Turning to technology, the editors highlighted the CHIPS and Science Act, signed into law by Biden in 2022, which brought more funding to the chip-making industry to boost homegrown production and research.

They said the legislation “invigorates the chipmaking industry and semiconductor research while growing the workforce.”

The magazine claimed that a second Trump administration would “quickly” undo this progress under a conservative framework, Project 2025, that has been set out to guide his potential second term.

“Under the devious and divisive Project 2025 framework, technology safeguards on AI would be overturned,” the editors wrote. “AI influences our criminal justice, labor and health-care systems.

“As is the rightful complaint now, there would be no knowing how these programs are developed, how they are tested or whether they even work.”

The article concludes: “One of two futures will materialize according to our choices in this election.”

The editors closed by underlining their point. “We urge you to vote for Kamala Harris.”

Scientific American is not the only endorsement Harris has won following the debate, with Taylor Swift posting her endorsement on Instagram almost immediately after the showdown.

Judge Cannon Is Hiding a Far-Right Lecture Circuit

The New Republic – Opinion

Judge Cannon Is Hiding a Far-Right Lecture Circuit

Ellie Quinlan Houghtaling – September 18, 2024

The Trump-appointed judge who threw out the former president’s criminal classified documents case wasn’t up-front about her own conflicts, and now the details of her backroom liaisons are beginning to trickle out.

Judge Aileen Cannon failed to disclose that she attended a banquet at a conservative law school in May 2023 to honor the late conservative Supreme Court Justice Antonin Scalia, flouting a 2006 rule requiring judges to file formal disclosures when they attend seminars or conferences that could influence their decisions. But it’s not the only time that Cannon has failed to notify the public of her partisan behavior, according to ProPublica.

In 2021 and 2022, Cannon took week-long trips for legal colloquiums sponsored by conservative judiciaries and hosted at an expensive resort in Pray, Montana, where rooms can cost upward of $1,000 per night. The retreats did not go reported until NPR reporters called Cannon out on the omission as part of NPR’s national investigation into gaps in judicial disclosures.

“Judges administer the law, and we have a right to expect every judge to comply with the law,” Virginia Canter, chief ethics counsel for the watchdog group Citizens for Responsibility and Ethics in Washington, or CREW, told ProPublica.

Cannon, who seemed determined to hold up the classified documents case at every possible opportunity, ultimately tossed the case in July on the basis that special counsel Jack Smith’s appointment was unconstitutional. Smith is currently appealing the decision with the Eleventh Circuit. (William H. Pryor Jr., the chief judge of the Eleventh Circuit, was also at the May 2023 banquet, though he properly disclosed his attendance.) But her own future on the case isn’t clear: CREW has asked the appeals court to intervene and replace the controversial judge on the critical case.

Judge Who Tossed Trump’s Docs Case Repeatedly Violated Disclosure Rule: Report

Rolling Stone

Judge Who Tossed Trump’s Docs Case Repeatedly Violated Disclosure Rule: Report

Nikki McCann Ramirez – September 17, 2024

Florida District Court Judge Aileen Cannon failed to disclose her attendance at several right-wing judicial seminars — including one that took place after she began overseeing former President Donald Trump’s classified documents case, which she ultimately threw out — in apparent violation of federal court rules.

According to a Tuesday report from ProPublicain May of 2023, Cannon attended a swanky banquet hosted by George Mason University’s Antonin Scalia Law School — one of the leading conservative law schools in the nation. The school was renamed in honor of the late Supreme Court justice after a $20 million donation brokered by Supreme Court architect Leonard Leo, who controls a billion-dollar dark money fund and serves as co-chair chairman of of the Federalist Society, the powerful conservative lawyers network.

Cannon, a longtime member of the Federalist Society, attended a lecture and dinner alongside members of the society, Scalia’s family members, and prominent federal judges, according to materials obtained by ProPublica. Cannon submitted several reimbursement requests to the law school related to her travel expenses.

Federal judiciary rules require judges to report travel reimbursements for such events within 30 days. Cannon made no such disclosure within the designated time limit, and it’s not the first time.

ProPublica’s report builds on two disclosure omissions identified in May by NPR. In 2021 and 2022, Cannon and her husband attended week-long colloquiums hosted by George Mason at a luxury resort in Montana. Cannon did not post the required disclosures until approached by NPR. Clerk of Court Angela Noble blamed the oversight on technical issues and told NPR that “Any omissions to the website are completely inadvertent.”

In a separate statement to ProPublica, a clerk for Cannon stated that while the judge had submitted the necessary disclosure, they had not been posted on the website. “Judges often do not realize they must input the information twice,” they said.

Cannon’s failure to disclose invitations to expensive educational events hosted by prominent conservative groups is particularly concerning given her short tenure as her judge and her role in one of the most prominent criminal cases in the country.

In July, Cannon dismissed the classified documents case against Trump, ruling that the appointment of Special Counsel Jack Smith — who heads the Justice Department’s two cases against the former president — was unconstitutional. The decision, which was appealed by the Justice Department, put a spotlight on past rulings by Cannon — a Trump appointee — seen as overly favorable to the former president.

In 2022, Cannon was sharply rebuked by the 11th Circuit U.S. Court of Appeals after granting the former president a request for a “special master” to review troves of classified documents seized during the FBI’s search of Mar-a-Lago. The court of appeals wrote that the unprecedented nature of Trump’s case did not give “the judiciary license to interfere in an ongoing investigation.”

In June, The New York Times reported that senior judges in the Southern District of Florida had advised Cannon to pass the case along to a more experienced judge — and one with fewer questions surrounding their objectivity.

But for all of the criticism leveled against Cannon by experienced legal minds, the former president loves her. As previously reported by Rolling Stone, Trump has privately suggested that Cannon will be a model for judicial picks in a potential second term — and that Republicans “need more like her.”

More from Rolling Stone

Debtor Organizing Can Transform Our Individual Financial Struggles Into a Source of Collective Strength

In These Times – Departments

Debtor Organizing Can Transform Our Individual Financial Struggles Into a Source of Collective Strength

Alone, our debt is a liability. Together, it’s our leverage.

J. Patrick Patterson – September 16, 2024

ILLUSTRATION BY KAZIMIR ISKANDER
debt•or pow•er

noun

  1. leverage that springs from an organized association of debtors, often in debt to shared creditors, to negotiate the terms and conditions of debt contracts, including the abolition of unjust debts
  2. the transformation of individual financial struggles into a source of collective strength by waging strategic campaigns of economic disobedience and debt refusal
  3. a tool to build reparative public goods using debt as leverage

Debtor organizing has the potential to bring millions of people who may never have the option of joining a traditional labor union into the struggle for economic justice. —Debt Collective, Can’t Pay, Won’t Pay: The Case for Economic Disobedience and Debt Abolition

Is this a new idea?

Collective debt resistance — if not debtors’ unions — has happened for centuries! Ancient Roman plebeians used strikes, demonstrations and periodic exoduses to win a range of concessions from the aristocratic class, including substantial political rights and the elimination of debt slavery. Today, just as organized renters have leverage over their landlords because they owe the same person, collectively withholding payments (or threatening to!) builds collective power to make demands.

But where does the power come from?

A debtors’ union is a newer concept that is still emerging. Debt Collective is in the throes of this experiment, but the provocation is simple: Just as workers have potential collective power over capital in the form of their employer, and tenants in the form of their landlord, debtors can also wield this kind of collective power when they organize against their creditors.

How can we use it once we build it?

Although debtors’ unions are a new, emerging front in the fight against racial capitalism, their potential holds across many types of debt. 

The millions of people being crushed by medical debt could organize locally to demand hospitals cancel their bills. Or they could start a national medical debt strike to advance the cause of universal healthcare. 

Credit card debtors could rally against usurious lending practices and advocate for a socially productive — as opposed to predatory — system of credit and debt. Student debtors could transform not only the predatory lending that has become synonymous with higher education, but also the landscape of who has access to that higher education in the first place. 

And people with debts in the criminal punishment system could organize to challenge fines, fees and other costs associated with incarceration, demanding the abolition of a system that extracts on so many levels. The possibilities for debt resistance campaigns are practically endless.

This is part of ​“The Big Idea,” a monthly series offering brief introductions to progressive theories, policies, tools and strategies that can help us envision a world beyond capitalism. For recent In These Times coverage of debtor power in action, see, ​“When transit riders refuse to just sit back,” ​“LGBT Workers Need Unions, Not Rainbow Capitalism and ​“What #MeToo Can Teach the Labor Movement.”

J. PATRICK PATTERSON is the Associate Editor at In These Times. He has previously worked as a politics editor, copy editor, fact-checker and reporter. His writing on economic policies and electoral politics has been published in numerous outlets.

Superbug crisis could get worse, killing nearly 40 million people by 2050, study estimates

CNN

Superbug crisis could get worse, killing nearly 40 million people by 2050, study estimates

Jacqueline Howard – September 16, 2024

The number of lives lost around the world due to infections that are resistant to the medications intended to treat them could increase nearly 70% by 2050, a new study projects, further showing the burden of theongoing superbug crisis.

Cumulatively, from 2025 to 2050, the world could see more than 39 million deaths that are directly attributable to antimicrobial resistance or AMR, according to the study, which was published Monday in the journal The Lancet.

Antimicrobial resistance happens when pathogens like bacteria and fungi develop the ability to evade the medications used to kill them.

The World Health Organization has called AMR “one of the top global public health and development threats,” driven by the misuse and overuse of antimicrobial medications in humans, animals and plants, which can help pathogens develop a resistance to them.

The new study reveals that when it comes to the prevalence of AMR and its effects, “we expect it to get worse,” said lead author Dr. Chris Murray, director of the Institute for Health Metrics and Evaluation at the University of Washington.

“We need appropriate attention on new antibiotics and antibiotic stewardship so that we can address what is really quite a large problem,” he said.

Older adults bear the burden

The researchers – from the Global Research on Antimicrobial Resistance Project, the Institute for Health Metrics and Evaluation and other institutions – estimated deaths and illnesses attributable to versus associated with antimicrobial resistance for 22 pathogens, 84 pathogen-drug combinations and 11 infections across 204 countries and territories from 1990 through 2021. A death attributable to antimicrobial resistance was directly caused by it, while a death associated with AMR may have another cause that was exacerbated by the antimicrobial resistance.

About 520 million individual records were part of the data to make those estimates.

The researchers found that from 1990 to 2021, deaths from AMR fell more than 50% among children younger than 5 but increased more than 80% among adults 70 and older – trends that are forecast to continue.

It was surprising to see those patterns emerge, Murray said.

“We had these two opposite trends going on: a decline in AMR deaths under age 15, mostly due to vaccination, water and sanitation programs, some treatment programs, and the success of those,” Murray said.

“And at the same time, there’s this steady increase in the number of deaths over age 50,” he said, as the world ages; older adults can be more susceptible to severe infection.

The researchers found that the pathogen-drug combination that had the largest increase in causing the most burden among all age groups was methicillin-resistant Staphylococcus aureus, or MRSA. For this combination – the antibiotic methicillin and the bacteria S. aureus – the number of attributable deaths nearly doubled from 57,200 in 1990 to 130,000 in 2021.

Using statistical modeling, the researchers also produced estimates of deaths and illnesses attributable to AMR by 2050 in three scenarios: if the current climate continues, if new potent antibiotic drugs are developed to target resistant pathogens, and if the world has improved quality of health care for infections and better access to antibiotics.

The forecasts show that deaths from antimicrobial resistance will increase by 2050 if measures are not in place to improve access to quality care, powerful antibiotics and other resources to reduce and treat infections.

The researchers estimated that, in 2050, the number of global deaths attributable to antimicrobial resistance could reach 1.9 million, and those associated with antimicrobial resistance could reach 8.2 million.

According to the data, the regions of the world most affected by AMR and attributable deaths are South Asia, Latin America and the Caribbean, and sub-Saharan Africa – and many of these regions don’t have equitable access to quality care, Murray said.

“There are still, unfortunately, a lot of places in low-resource settings where people who need antibiotics are just not getting them, and so that’s a big part of it. But it’s not just the antibiotics. It’s when you’re sick, either as a kid or an adult, and you get sent to hospital, and you get a package of care, essentially, that includes things like oxygen,” Murray said.

“In low-resource settings, even basics like oxygen are often not available. And then, if you are very sick and you need an intensive care unit, well, there’s big parts of the low-resource world – most of them, actually – where you wouldn’t get access to that sort of care,” he said. “So there’s a spectrum of supportive care, plus the antibiotics, that really make a difference.”

But in a scenario where the world has better health care, 92 million cumulative deaths could be averted between 2025 and 2050, the researchers forecast. And in a scenario where the world has new, more potent drugs, about 11 million cumulative deaths could be avoided.

‘There is possible hope on the horizon’

The “innovative and collaborative” approach to this study provides a “comprehensive assessment” of antimicrobial resistance and its potential burden on the world, Samuel Kariuki, of the Kenya Medical Research Institute, wrote in a commentary that accompanied the new study in The Lancet.

Yet he warned that the forecast models do not consider the emergence of new superbugs “and might lead to underestimation if new pathogens arise.”

Overall, “these data should drive investments and targeted action” toward addressing the growing challenge of antimicrobial resistance in all regions of the world, Kariuki wrote.

The new paper represents decades of research on the global burden of antimicrobial resistance, said Dr. Steffanie Strathdee, associate dean of global health sciences and distinguished professor at the University of California San Diego School of Medicine, who was not involved in the study.

Strathdee saw firsthand the effects that antimicrobial resistance can have on health when her husband nearly died from a superbug infection.

“I’m somebody who’s lived with antimicrobial resistance affecting my family for the last eight years. My husband nearly died from a superbug infection. It’s actually one of the infections that’s highlighted in this paper,” said Strathdee, who serves as co-director of the Center for Innovative Phage Applications and Therapeutics at UC San Diego.

During a Thanksgiving cruise on the Nile in 2015, Strathdee’s husband, Tom Patterson, suddenly developed severe stomach cramps. When a clinic in Egypt failed to help his worsening symptoms, Patterson was flown to Germany, where doctors discovered a grapefruit-size abdominal abscess filled with Acinetobacter baumannii, a virulent bacterium resistant to nearly all antibiotics.

The annual number of people dying from gram-negative bacteria, like A. baumannii, that are resistant to carbapenem – a class of last-resort antibiotics used to treat severe bacterial infections – rose 89,200 from 1990 to 2021, more than any antibiotic class over that period, according to the new study.

“That’s one of the urgent priority pathogens, which is one of these gram-negative bacteria,” Strathdee said. “And my husband, when he fell ill from this, he was 69. So he’s exactly at the age that this paper is highlighting, that older people are going to be affected by this more in the future, because our population is aging and people have comorbidities, like diabetes, like my husband has.”

Strathdee’s husband recovered after treatment with phages, viruses that selectively target and kill bacteria and that can be used as a treatment approach for antimicrobial-resistant bacterial infections.

“The most important alternative to antibiotics is phage therapy, or bacteriophage therapy, and that’s what saved my husband’s life,” Strathdee said. “Phage can be used very effectively with antibiotics, to reduce the amount of antibiotics that are needed, and they can even be used potentially in livestock and in farming.”

The new study gives Strathdee hope that the world can reduce the potential burden of antimicrobial resistance. That would require improving access to antibiotics and newer antimicrobial medications, vaccines, clean water and other aspects of quality health care around the world, she said, while reducing the use of antibiotics in livestock, food production and the environment, which can breed more resistance.

“There is possible hope on the horizon,” Strathdee said. “If we were to scale up these interventions, we could dramatically reduce the number of deaths in the future.”

CNN’s Sandee LaMotte contributed to this report.

Low-Wage Corporations Are Fleecing Their Workers to Massively Inflate CEO Pay

In These Times – Viewpoint

Low-Wage Corporations Are Fleecing Their Workers to Massively Inflate CEO Pay

Why don’t low wage workers earn more? Because their bosses plowed $522 million into manipulating their stock price—and CEO paychecks—instead.

Sarah Anderson – September 16, 2024

Chipotle restaurant workers fill orders for customers on April 27, 2015 in Miami, Florida.(PHOTO BY JOE RAEDLE/GETTY IMAGES)

Most people believe in fair pay for honest work. So why aren’t low-wage workers better paid?

After 30 years of research, I can tell you that it’s not because employers don’t have the cash — it’s because profitable corporations spend that money on their stock prices and CEOs instead.

Lowe’s, for example, spent $43 billion buying back its own stock over the past five years. With that sum, the chain could have given each of its 285,000 employees a $30,000 bonus every year. Instead, half of Lowe’s workers make less than $33,000. Meanwhile, CEO Marvin Ellison raked in $18 million in 2023.

The company also plowed nearly five times as much cash into buybacks as it invested in long-term capital expenditures like store improvements and technology upgrades over the past five years.

Lowe’s ranks as an extreme example, but pumping up CEO pay at the expense of workers and long-term investment is actually the norm among America’s leading low-wage corporations.

In my latest ​“Executive Excess” report for the Institute for Policy Studies, I found that the 100 S&P 500 firms with the lowest median wages — the ​“Low-Wage 100” — blew $522 billion on buybacks over the past five years. Nearly half of these companies spent more on this once-illegal maneuver than they spent investing in their long-term competitiveness.

This is a scam to inflate CEO pay, pure and simple.

When companies repurchase their own shares, they artificially boost share prices and the value of the stock-based compensation that makes up about 80% of CEO pay. The SEC found that CEOs regularly time the sale of their personal stock holdings to cash in on the price surge that typically follows a buyback announcement.

I also looked into what these corporations contribute to employee retirement — and found that it’s peanuts, compared to their buyback outlays. The 20 largest low-wage employers spent nine times more on buybacks than on worker retirement contributions over the past five years.

Many of these firms boast of their ​“generous” matching benefits, typically a dollar-for-dollar match of 401(k) contributions up to 4% of salary. But matching is meaningless for workers who earn so little they can’t afford to set anything aside.

Chipotle, for example, spent over $2 billion on stock buybacks over the past five years—48 times more than it contributed to employee retirement plans. Meanwhile, 92% of eligible Chipotle workers have zero balances in their 401(k)s. That’s hardly surprising, since the chain’s median annual pay is just $16,595.

The conclusion is unmistakable: CEOs are focused on short-term windfalls for themselves and wealthy shareholders rather than on long-term prosperity for their workers — or their companies.
“Corporate greed turns blue-collar blood, sweat, and tears into Wall Street stock buybacks and CEO jackpots.”

As United Auto Workers President Shawn Fain put it in his Democratic National Convention speech: ​“Corporate greed turns blue-collar blood, sweat, and tears into Wall Street stock buybacks and CEO jackpots.” Public outrage over CEO shakedowns helped the UAW win strong new contracts last year with the Big Three automakers.

Support for policy solutions is growing as well. The Democratic Party platform calls for quadrupling the 1% federal tax on stock buybacks. And a recent poll shows strong majority support among Democrats, Republicans, and Independents alike for proposed tax hikes on corporations with huge CEO-worker pay gaps.

Extreme inequality isn’t inevitable — and it can be reversed.

Forty years ago, CEO pay was only about 40 times higher than worker pay — not several hundreds of times higher, as is typical today. And just 20 years ago, most big companies spent very little on stock buybacks. At Lowe’s, for example, buyback outlays between 2000 and 2004 were exactly zero.

Corporate America’s perverse fixation on enriching those at the top is bad for workers and bad for the economy. With pressure from below, we can change that.

This op-ed was distributed by Oth​er​Words​.org.

SARAH ANDERSON directs the Global Economy Project and co-edits Inequal​i​ty​.org at the Institute for Policy Studies. 

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After possible assassination attempt, Trump decries ‘rhetoric’? Spare me the sanctimony.

USA Today – Opinion

After possible assassination attempt, Trump decries ‘rhetoric’? Spare me the sanctimony.

Rex Huppke, USA TODAY – September 16, 2024

Former President Donald Trump wants you to believe that “rhetoric” from Democratic presidential nominee Kamala Harris and her campaign led to a possible assassination plot against him that the Secret Service foiled Sunday.

He wants you to believe that as he simultaneously hurls inflammatory rhetoric at Harris and while he sits idly by as Springfield, Ohio, suffers bomb threats and school evacuations over his outrageous and racist lies about legal Haitian immigrants.

Early Monday, Trump spoke with Fox News and decried statements from Democrats calling him “a threat to democracy.”

“Their rhetoric is causing me to be shot at, when I am the one who is going to save the country, and they are the ones that are destroying the country – both from the inside and out,” Trump said, referring to Harris and Democrats as “the enemy from within” and “the real threat.”

Republican presidential nominee Donald Trump addresses journalists at Trump National Golf Club Los Angeles on Sept. 13, 2024, in Rancho Palos Verdes, Calif.
Republican presidential nominee Donald Trump addresses journalists at Trump National Golf Club Los Angeles on Sept. 13, 2024, in Rancho Palos Verdes, Calif.
Trump denounces political rhetoric while hurling inflammatory nonsense

The logic in Trump’s statements is twisted beyond comprehension. It’s schoolyard-level reasoning, effectively saying: “You called me a threat to democracy, and that’s a terrible thing to do. And besides, you’re the enemy and you’re destroying the country.”

Let’s start with the apparent assassination plan the Secret Service thankfully foiled. An advance agent spotted a rifle sticking through a fence several hundred yards away from where Trump was playing golf. The agent fired at the gunman, and the man, who didn’t fire any shots, was later apprehended.

The 58-year-old suspect appears to be, as one would expect, a nut whose politics are all over the place. NPR described him as a “vocal supporter-turned-critic of Trump who was passionate about defending Ukraine in its war with Russia.”

In the July assassination attempt on Trump in Pennsylvania, the gunman was a registered Republican, and his motive remains unclear.

There is zero evidence connecting either gunman to Democrats calling Trump “a threat to democracy.” More important, however, that label is not hyperbolic.

Trump is a threat to democracy. That’s a fact with ample evidence.

Trump is a threat to democracy. He has made that clear with his constant election denialism, the way he riled up the crowd before the attack on the U.S. Capitol on Jan. 6, 2021, his incessant lying about disproven claims of voter fraud, his vocal support for the convicted and imprisoned Jan. 6 domestic terrorists and even his comment about being a dictator for one day.

The idea that Harris or her campaign should stop talking about the threat Trump poses to our democracy is absurd. Democrats aren’t encouraging any form of violence against him or anyone else. They’re speaking a self-evident truth and asking voters to respond accordingly at the ballot box.

Republicans reject Trump: Former VP Dick Cheney picks Kamala Harris, giving conservatives a final path to save GOP from Trump

A number of high-profile Republicans, including former Vice President Dick Cheney and conservative legal scholar Judge J. Michael Luttig, have said the same thing about Trump.

Cheney said in a recent statement endorsing Harris that “there has never been an individual who is a greater threat to our republic than Donald Trump.”

Look at Trump’s recent rhetoric and note the stunning hypocrisy

Beyond that issue, the idea of Trump trying to condemn any form of rhetoric borders on satire:

  • On Friday, Trump called Harris “a radical left Marxist communist fascist.”
  • On Sunday, before the incident on the Florida golf course, Trump posted on social media: “The Democrats are DESTROYING OUR COUNTRY!”
  • On Monday morning, he posted on social media: “Because of this Communist Left Rhetoric, the bullets are flying, and it will only get worse! Allowing millions of people, from places unknown, to INVADE and take over our Country, is an unpardonable sin. OUR BORDERS MUST BE CLOSED, AND THE TERRORISTS, CRIMINALS, AND MENTALLY INSANE, IMMEDIATELY REMOVED FROM AMERICAN CITIES AND TOWNS, DEPORTED BACK TO THEIR COUNTIES OF ORIGIN.”
Trump’s racist lies have terrorized an Ohio town

That comes on the heels of a campaign of vile lies about Haitian immigrants in Springfield, Ohio ‒ lies that have led to repeated bomb threats and widespread fear among a community of hardworking, legal immigrants.

On Monday, two elementary schools in Springfield had to be evacuated due to threats, the third consecutive school day in which children in the community have been impacted.

On Friday – days after spouting nonsense about Haitian immigrants eating pets – Trump lied, saying: “In Springfield, Ohio, 20,000 illegal Haitian migrants have descended upon a town of 58,000 people destroying their way of life.”

Springfield City Manager Bryan Heck releases a statement in September 2024 saying there's no evidence of any cats or other pets being harmed or eaten by the Haitian immigrants. Springfield, a central Ohio city of 58,000 about 50 miles west of Columbus, is experiencing a "significant housing crisis," according to a letter from Heck. He says the city's Haitian population has increased to 15,000-20,000 in recent years.
Springfield City Manager Bryan Heck releases a statement in September 2024 saying there’s no evidence of any cats or other pets being harmed or eaten by the Haitian immigrants. Springfield, a central Ohio city of 58,000 about 50 miles west of Columbus, is experiencing a “significant housing crisis,” according to a letter from Heck. He says the city’s Haitian population has increased to 15,000-20,000 in recent years.More

On Sunday, Trump’s running mate, Sen. JD Vance, R-Ohio, effectively admitted that the campaign’s vicious lies about Haitians in Springfield were made up, and that he didn’t care: “If I have to create stories so that the American media actually pays attention to the suffering of the American people then that’s what I’m going to do.”

Except, according to the Republican governor of Ohio, Vance and Trump are also making up the part about the suffering. Springfield has had challenges with an influx of legal immigrants, but the city has not been “destroyed” in any way, shape or form.

Ohio Gov. Mike DeWine said: “These people are here legally. They came to work. They are looking for good people. These are hardworking people.”

Trump has based his entire political identity on inflammatory rhetoric

Trump has called his political opponents “vermin,” echoed Adolf Hitler in saying immigrants are “poisoning the blood of our country” and referred to himself as “a very proud election denier.”

JD Vance shrugs at school shooting: Vance says school shootings are ‘a fact of life.’ That’s cowardice, not leadership.

So spare me the sanctimony over anyone describing him as a threat to democracy. That’s what he is.

Democrats haven’t promoted violence – only voting

Political violence, on any side and of any sort, is abhorrent. Whatever the suspect arrested Sunday was plotting, I’m immensely glad it was stopped.

But whatever the plot was, it can’t be blamed on directly and factually highlighting the threat posed by a man who spews anti-democratic and racist lies without the slightest concern for others.

Trump and his campaign, through their dishonest rhetoric, are wreaking havoc on a Midwestern town. That’s a fact. Through his statements and actions past and present, he poses a threat to our democracy. That’s a demonstrable fact.

The only solution to those concerns, the only action being promoted by Harris and her campaign or people like me who care about America’s basic sense of decency, is simple: Vote.

Vote, and don’t be cowed into silence by a dishonest hypocrite.

Officials confirm first fatal case of mosquito-borne virus in nearly two decades: ‘A stark reminder’

The Cool Down

Officials confirm first fatal case of mosquito-borne virus in nearly two decades: ‘A stark reminder’

Juliana Marino – September 3, 2024

County officials in the Bay Area confirmed a death related to a mosquito-borne disease for the first time in nearly 20 years, according to a report published by the San Francisco Chronicle.

What’s happening?

Officials in Contra Costa County announced that a resident died from West Nile virus in July. It was the first death from West Nile in Contra Costa since 2006.

Mosquitoes can carry West Nile virus after feeding on an infected bird. Though many cases of West Nile virus do not lead to any symptoms, some patients experience a fever, headache, body aches, and vomiting.

“West Nile virus is the leading cause of mosquito-borne disease in the continental United States,” according to the Centers for Disease Control and Prevention.

While most cases of West Nile virus are not fatal, officials in Contra Costa viewed the death as a wake-up call.

“We are deeply saddened by the loss of a Contra Costa County resident to West Nile virus,” Contra Costa Mosquito and Vector Control District general manager Paula Macedo told the Chronicle. “This tragic event serves as a stark reminder of the importance of protecting ourselves from mosquito bites and supporting community efforts to control mosquito populations.”

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Why is this concerning?

Increasing global temperatures have created more ideal conditions for disease-spreading mosquitoes. The tragic death of the Contra Costa resident is a reminder to take necessary precautions to prevent mosquito bites, especially during summer months.

Using insect repellent and wearing loose-fitting clothing that covers your arms and legs are ways you can protect yourself from bug bites.

What’s being done about West Nile in the Bay Area?

Moving toward a more sustainable future to keep the planet’s temperatures in balance not only helps protect the environment but also global health. Simple actions to reduce pollution causing Earth to warm at an accelerated rate include switching to LED light bulbs and unplugging appliances when they aren’t in use.

In Contra Costa, officials are still investigating the cause of the disease, per the Chronicle. While they have not provided updates on where the infection happened, they have detected additional cases of West Nile virus in a bird and five chickens, according to district spokesperson Nola Woods.

NH man fights for life with 3 mosquito viruses, including EEE

CBS News

NH man fights for life with 3 mosquito viruses, including EEE

Paul Burton – September 3, 2024

KENSINGTON, N.H. – A New Hampshire man is fighting for his life because of a mosquito bite. Fifty-four-year-old Joe Casey of Kensington has tested positive for three mosquito-borne viruses, including eastern equine encephalitis (EEE) and West Nile Virus.

“He’s my brother. It’s very difficult, especially because it’s from a mosquito,” his sister-in-law Angela Barker told WBZ-TV, fighting back tears. “He was positive for EEE, for West Nile, and St. Louis Encephalitis, but the CDC, the infectious disease doctors, they don’t know which one is making him this sick.”

Barker said Casey started to feel sick back in early August. He now has swelling in the brain and is barely able to communicate at Exeter Hospital.National & World NewsLatest U.S. and global stories

“Terrifying and gut-wrenching”

“My brother-in-law is not a small man, and to see someone that you love be as sick as he is and not be able to talk, to move, to communicate for over three weeks is terrifying and gut-wrenching,” Barker said.

Joe Casey. / Credit: Family Photo
Joe Casey. / Credit: Family Photo

Casey and his wife Kim have four children. They believe he will have a long road to recovery ahead of him. His family has set up an online fundraising page and they’ve received an outpouring of support from the community.

“It could happen to anybody”

“Joe is going to have to go a long-term care and patient rehabilitation, that’s going to be 24-hour care, and really want to get the word out to help this incredible family,” Barker said. “He just got bit by a mosquito and it could happen to anybody.”

Last week, 41-year-old Steven Perry of Hampstead, N.H., died after contracting EEE.

The New Hampshire Department of Health and Human Services said Kensington has had at least one mosquito pool test positive for EEE. The town has sent out postcards notifying residents and the threat level has been raised to high.

Casey’s family wants people to be careful.

“Be safe, cover up, wear bug spray. It can happen to anybody, and that’s the scariest thing. Be careful and take proper precautions,” Barker said.