Monday December 18, 2017
Home World US financial ...

US financial disclosures: Clintons amass more than $25 million, Obamas have just $ 1000 in savings

0
31

HillaryClinton_2326613b

By NewsGram Staff Writer

Hillary Clinton, the leading Democratic presidential candidate for 2016 has come under harsh criticism from both the Republican and Democrat presidential rivals after it was revealed that she and her husband Bill earned more than $25 million delivering public speeches.

The reported net worth of the Clintons comes out to be a colossal $ 55 million. With their staggering wealth, the Clintons have comfortably booked a place in the top 0.1 per cent of US earners.

Critics say that the new financial disclosures “raise ethical questions” and show they cannot represent the American middle class.

After she stepped down from the post of Secretary of State, Hillary Clinton, has charged $250,000 per public address. Her memoir, Hard Choices, published last year fetched her a whopping $5 million, thereby demolishing the claims that her family was “dead broke” after they left the White House in 2001.

Meanwhile, similar disclosures for the Obama family revealed that they have just $1,001 in a single JP Morgan account filed under savings. But, it does not render the Obamas as poor by any means.

Much of their wealth appears to be tied up in Treasury bills. The largest joint asset for the Obamas was the government-issued T-Bill between $1 million and $5 million.

As much as $400,000 is tied-up in college funds for their two daughters, while Mr Obama’s retirement pot holds an estimated $350,000 – bringing the Obamas’ total assets up to between $2 million and $7 million.

Republicans believe that Hillary’s paid-for speeches at financial institutions like Goldman Sachs make her bound to big businesses.

“The Clintons’ claim that staggering amounts of income from paid speaking fees that raise ethical questions and potential conflicts of interest is simply to ‘pay our bills’ shows how out-of-touch they’ve truly become,” said Reince Priebus, the chair of the Republican National Committee

Next Story

Facebook Chief Operating Officer Supports Releasing Russia-linked Advertisements

0
25
Facebook chief
Chief Operating Officer of Facebook, Sheryl Sandberg, delivers a speech during the visit of a start-up companies gathering at Paris' Station F, in Paris. voa

Washington, October 12: Facebook Chief Operating Officer Sheryl Sandberg said Thursday she “absolutely” supports the public release of all advertisements produced by a Russia-linked organization during the 2016 presidential election.

Sandberg said the company is “working on transparency” following the revelation last month that a group with alleged ties to the Russian government ran $100,000 worth of ads on Facebook promoting “divisive” causes like Black Lives Matter.

“Things happened on our platform that shouldn’t have happened,” she said during the interview with Axios’s Mike Allen.

Later Thursday, Facebook Chief Operating Officer is set to meet with Congressional investigators who are looking into what role the advertisements which began running in 2015 and continued through this year may have played in the 2016 presidential election.

The $100,000 worth of ads represent a very small fraction of the total $2.3 billion spent by, and on behalf of, President Donald Trump and losing-candidate Hillary Clinton’s campaigns during the election.

Multiple congressional investigations have been launched, seeking to determine what effect alleged Russian meddling may have played in the election.

In addition, Robert Mueller, a former director of the Federal Bureau of Investigation, is conducting a criminal probe, including whether President Trump’s campaign colluded with Russian operatives during the election season. Trump has denied working with the Russians.

Facebook had previously agreed to disclose the thousands of Facebook ads to congress. Sandberg said Thursday she thinks “it’s important that [the investigators] get the whole picture and explain that to the American people.”

In response to the Russian ad buys, Facebook Chief Operating Officer said that company is hiring 4,000 new employees to oversee ads and content. She said the company is also using “machine learning and automation” to target fake accounts that spread fake news.

She defined fake news as “things that are false hoaxes” and said Facebook is working to stamp out the bad information by teaming up with third-party fact checkers and warning users before they share news deemed fake by Facebook.

She said it is important to be cautious when going after fake news because “a lot of what we allow on Facebook is people expressing themselves” and “when you cut off speech for one person, you cut off speech for all people.”

“We don’t check the information posted on Facebook before people post it, and I don’t think people should want us to,” she said.

Hundreds of fake accounts were used to distribute the Russia-linked advertisements, Sandberg said. But had those ads been posted by legitimate users, “we would have let them run,” she said.(VOA)

Next Story

Hillary Clinton finds Yoga, Alternate Nostril Breathing helpful for Relaxation

Hillary Clinton has found alternate nostril breathing yoga technique as a mantra for relaxation and peace after her loss in 2016 Presidential elections to Donald Trump.

0
16
Hillary Clinton
Hillary Clinton VOA

Washington, October 12, 2017 : Hillary Clinton has demonstrated on national television how to perform yoga through alternate nostril breathing exercise. It is quite interesting to see Hillary Clinton has discovered the mantra to deal with stress.

In the aftermath of United States Presidential elections 2016, Hillary finds sitting cross legged on a yoga mat and practicing long inhale and exhale breathing techniques quite helpful. Hilary mentioned that she has been practicing it for quite some time and it has come across as a very helpful way.

The Democratic Party’s nominee for President of the United States in the 2016 election, Hillary Clinton has recommended yoga for everyone to try for relaxation. Yoga is an ancient Indian technique of pre-Vedic Indian tradition that involves physical, mental and spiritual training to relax the mind and body. Promoting the idea of practicing yoga for relaxation seems to be working well for Hillary, who found a new way out to live life and find peace after her loss to Donald Trump in 2016.

Next Story

Donald Trump to Revisit Deferred Action for Childhood Arrivals (DACA) if Congress Stumbles

DACA did not promise participants citizenship or permanent U.S. residency, instead promising a reprieve from deportation

0
37
Jennifer Hernandez (L) and Paola Rodriguez, Deferred Action for Childhood Arrivals (DACA) program recipients, participate in a candle vigil at the San Jacinto Plaza in El Paso, Texas, Sept. 5, 2017. VOA

Sep 06, 2017: President Donald Trump says he will revisit the decision to end a program that shielded nearly 800,000 young, undocumented immigrants from deportation if Congress doesn’t act on the issue.

Hours after administration officials said new applications for the Deferred Action for Childhood Arrivals program, known as DACA, will no longer be accepted, Trump tweeted late Tuesday that “Congress now has 6 months to legalize DACA (something the Obama administration was unable to do). If they can’t, I will revisit this issue!”

Action by Congress is not certain. Lawmakers have been unsuccessful for years in their efforts to revise substantially U.S. immigration policies. During Obama’s eight years as president, the Senate – controlled by members of his Democratic Party for most of that time — approved major policy changes only to see the legislation fail in the Republican-controlled House of Representatives.

President Trump approved the decision to end DACA but sent Attorney General Jeff Sessions before news cameras Tuesday to announce the controversial policy change.

“DACA is being rescinded,” Sessions announced. The action revoked an executive order former President Barack Obama issued five years ago after the U.S. Congress repeatedly failed to agree on an immigration reform bill.

WATCH: Attorney General Jeff Sessions

Sessions argued that Obama’s “open-ended circumvention of immigration laws” was in violation of the U.S. constitution and unlikely to survive a legal challenge brought by several Republican-controlled states.

Former President Barack Obama, who has refrained from commenting on most of the policy changes Trump has enacted this year, challenged Sessions’ legal argument in a strongly worded statement, saying the decision was “purely political” and that it targeted young people who “have done nothing wrong.”

Demonstrators opposed to the administration’s decision massed in Washington, Los Angeles, New York, Denver and other cities.

WATCH: ‘Dreamers’ Vow to Fight to Keep DACA Until the Bitter End

Activist Gustavo Torres told a crowd outside the White House: “This president lied to our community. … He told us, ‘I have a big heart for you dreamers.’ He’s a liar!”

Protesters react to the cancellation of DACA outside the offices of Immigration and Customs Enforcement in Washington, Sept. 5, 2017. (PVohra/VOA)
Protesters react to the cancellation of DACA outside the offices of Immigration and Customs Enforcement in Washington, Sept. 5, 2017. (PVohra/VOA)

The future status of the hundreds of thousands of young, foreign-born students and workers is unclear for now, since they are no longer protected from summary deportation by the DACA program. Congress will have six months to act if it wants to continue to allow them to remain in the United States.

The young immigrants, also colloquially known as “dreamers,” typically entered the United States as young children. Many trace their heritage to Mexico or Central American countries, but some arrived so young that they have grown up knowing nothing other than American society and customs.

DACA supporters march to the Immigration and Customs Enforcement office to protest shortly after U.S. Attorney General Jeff Sessions' announcement that the Deferred Action for Childhood Arrivals (DACA), will be suspended with a six-month delay, Sept. 5, 2017.
DACA supporters march to the Immigration and Customs Enforcement office to protest shortly after U.S. Attorney General Jeff Sessions’ announcement that the Deferred Action for Childhood Arrivals (DACA), will be suspended with a six-month delay, Sept. 5, 2017. VOA

Anyone who joined the “deferred action” program for work and study was required to have and maintain a clean criminal record. DACA did not promise participants citizenship or permanent U.S. residency, instead promising a reprieve from deportation.

DACA Changes Explained

The program was initially intended as a stop-gap measure to protect aspiring young immigrants, while Congress was to come up with a more lasting solution to their problems.

“I have a love for these people,” Trump said at the White House late Tuesday, “and hopefully now Congress will be able to help them and do it properly.” Earlier he had issued only a written statement stating that federal immigration patrols would not make seeking out DACA recipients for detention and deportation a priority issue. (VOA)