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The Arizona Senate nominee voted to protect a friend and donor banking platform he invested in.



Arizona Senate nominee Rep. Ruben Gallego twice voted to defend the Biden administration’s rule allowing pension fund managers to use so-called environmental, social, and governance factors (ESG) when choosing investments for workers’ retirement plans, which some lawmakers have likened to “awakening “. “Banking practice oriented towards left-wing programs.

Gallego’s move, in turn, also alerted a close friend and the donor company he invested in. In 2019, an Arizona Democrat announced an acquisition of up to $50,000 in non-public shares in Aspiration Fund Adviser LLC, a financial technology company that partners with FDIC member banks.

However, Gallego did not disclose the purchase in its financial disclosure report until 2022, despite members of Congress having to declare assets worth more than $1,000.


Democrat Ruben Gallego represents Arizona’s 7th congressional district in the US House of Representatives.

Aspiration was founded in 2013 as a “digital bank for environmentally conscious consumers” but has since focused on selling carbon credits, according to Forbes. It is also one of the few financial technology companies “totally embrace the burgeoning environmental, social and governance (ESG) investment movement,” the publication wrote in 2021.

In the same year’s Securities and Exchange Commission report, Aspiration reported that nearly 70 percent of its revenue comes from ESG services.

The company was co-founded and co-owned by Joe Sunberg, a longtime friend and donor to Gallego. The couple attended Harvard together, and Gallego attended Sunberg’s 2021 wedding in Puerto Rico, social media posts reveal. Sunberg has given more than $20,000 to Gallego campaigns and PAC leadership since 2014, according to a search of federal documents.


Democratic Rep. from Arizona Ruben Gallego

Rep. Ruben Gallego, Arizona, at a meeting of the House Armed Services Committee in Rayburn, Jan. 14, 2015 (Tom Williams/CQ Roll Call)

Gallego first reported banking with Aspiration in 2017. His most recent financial disclosure shows that he owns shares in Aspiration Redwood Fund — a “100% non-fossil fuel ESG fund” with reportedly “high fees and poor results” — and non-publicly traded shares in Aspiration Fund Advisor LLC. “.

According to his financial disclosure forms, Gallego has received $12,200 in income from his Aspire assets since 2017.

“It was a Republican messaging bill passed by the Republicans,” Gallego communications director Jacques Petit said in an interview with Fox News Digital after two votes against HJ Resolution 30, which would have blocked a Labor Department rule allowing employers to consider ESG factors when choosing investment for investment. workers’ pension plans.

However, the joint resolution received bipartisan support. Democratic Maine Rep. Jared Golden endorsed him in the House of Representatives, while Montana Democratic Senator John Tester and West Virginia Democratic Senator Joe Manchin supported him in the Senate.

It did not specifically address Gallego’s investments or his relationship with Sunberg. Instead, he said the information in the investigation was “clutching at straws.”

Aspire also runs the Aspiration Impact Foundation, a non-profit organization that gives money to far-left causes. The nonprofit has donated $1,000 to Project Trevor for climate change initiatives, its tax forms show. The Trevor Project also advocates for “using proper transgender terms”, considers gender a social construct, and has published a guide on how to be an ally to transgender people and young non-binary people.

In addition, the foundation provided a $5,000 grant to climate activist group 350 New Orleans, whose parent group has called for a ban on all new oil and gas projects and seeks to “protect” fossil fuel companies.


Rep. Ruben Gallego (D-Arizona) at a House Armed Services Committee hearing on the powers of the Department of Defense and its functions related to civilian law enforcement in Washington, D.C., USA, July 9, 2020. (Greg Nash/Poole via REUTERS)

The Biden administration has indicated that ESG is a top priority. Last November, the Department of Labor unveiled a rule that went into effect on January 30 that allows managers to take into account environmental and social issues in investment solutions for pension funds of more than 152 million Americans.

Gallego first voted against the anti-rule resolution on 28 February. Almost a month later, on March 20, Biden vetoed the bill. Days after the veto, on March 23, Gallego voted against overriding Biden’s veto when an attempt to override the veto failed.

A study by UCLA and NYU earlier this year found that over the past five years, ESG funds have lagged 6.3% to 8.9% compared to the broader market on average. .

Since then, Republicans have set their sights on ESG banking. In late April, Arizona Republican Andy Barr announced he would roll out legislation to prevent banks from denying fair access to financial services in line with “awakening corporate cancel culture” standards, preventing financial institutions from being used for political purposes.


“Banks should make lending decisions based on objective, risk-based metrics, not corporate cancellation culture standards,” Barr previously told Fox News Digital.

“My law codifies the Fair Access Rule to ensure that radical environmentalists, gun control advocates, crypto antagonists and other political activists cannot use financial institutions as weapons in their struggle to achieve their political goals,” he said. .

Brooke Singman of Fox News Digital provided the coverage.


Dominion V. Fox News libel trial begins this week



What does Fox say?

V letter filed by Foxthe company believed it aired allegations of voting machine rigging because they came from the incumbent and those close to him and were thus newsworthy.

“The incumbent’s attempt to challenge the election results and change the outcome of his re-election bid is newsworthy,” the document says. “Therefore, the media throughout the country and around the world widely covered and commented on the president’s allegations and trials.”

Fox claimed that “Fox News has lived up to its commitment to full disclosure and unbiased commentary,” adding that “some presenters were skeptical of the president’s claims; others looked at them hopefully; everyone recognized them as deeply informational.”

The network claims to have covered Dominion’s denials and given the company a chance to make its point.

“In short, Fox News has done exactly what the First Amendment protects: it has provided the public with access to newsmakers and critical information that would help foster an “uninhibited, active and wide open” debate about fast-moving events of unprecedented importance.” V litigation according to Fox’s lawyers.

Fox also argues that “the Dominion lawsuit is an attack on the First Amendment and the free press.”

Who is expected to take the position?

According to Associated PressCarlson, Hannity and Murdoch are expected to testify. Many also believe that Pirro, Scott and former host Lou Dobbs will also take the position.

Can you watch it on TV?

No cameras will be allowed under Delaware court policy, and a judge recently denied media companies’ request to broadcast audio excerpts.

What are the possible outcomes?

If Fox loses, the company is likely to be stuck with big payouts, its stock price could suffer and its reputation damaged. Fox News claims that if it loses, the case would damage press freedom and the First Amendment.

“Free, vibrant American discourse depends on First Amendment protection for news gathering and press reporting,” a Fox Network spokesperson said in a statement. The newspaper “New York Times.

If Dominion loses, not only will it keep the media defamation bar extremely high, it could push Fox News and other networks into even more defamation in the future.

“If Fox misses one thing that it says is that there are limits to propaganda, to lies on TV… to misinforming your viewers,” said Jay Rosen, professor of journalism at New York University. CNN. “If Fox wins, it kind of says otherwise, there are no limits.”

Whatever happens in the Dominion trial, this is far from the end of Fox News’ problems. in 2021, Smartmatic, a London-based global technology company, also filed a $2.7 billion defamation lawsuit. against Fox News and Fox Business host Maria Bartiromo, former Trump lawyer Rudy Giuliani and Dobbs.

The lawsuit was filed after a series of false claims about Smartmatic voting machines and the 2020 elections were posted online. About a month ago, the New York State Supreme Court Manhattan gave the go-ahead to keep the Smartmatic business going.

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Billionaire Crowe Won’t Reveal Clarence Thomas Gifts, Rejecting Senate Request



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This letter is a preview of what the Senate Judiciary Committee, which has just sent its own requesting information to Raven about giftsyou will most likely hear back. The committee requested a list of all gifts to Thomas worth more than $415. Any gift exceeding this amount must be declared in accordance with federal disclosure rules for high-ranking federal officials, including justices of the Supreme Court.

However, this is not necessarily the end of the Finance Committee investigation. Wyden left the door open for “research using other tools at the committee’s disposal” during the investigation. These tools may include subpoenaing Crowe to obtain documents or obtaining them from the IRS. Tax committees in both the House of Representatives and the Senate have the right under the tax code to receive tax returns from individuals.

There could be a flaw in this plan: Crowe bought himself a “golden passport” in the famous tax haven of St. Kitts and Nevis, according to documents provided by a whistleblower to the Daphne Caruana Galizia Foundation as part of his Passport documents investigation and reviewed by the Project on State Supervision and informed in Interception. Crowe and his brother bought the passports in 2012 and it’s unclear if they renewed them last year, but they still held them last year.

If Crowe used the tax haven granted to him by this dual citizenship, it may be harder for Widen to get any useful information from the IRS.

Senate Republicans, always happy to ally with the rich and corrupt, vow to oppose any attempt by Wyden to get information. Idaho Senator Mike Crapo, the top Republican on the Finance Committee, said that continuing the investigation “would undermine the independence of the Supreme Court and its individual judges.” As if the judge, who spent the last few decades in the pocket of a billionaire, is somehow “independent”.

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Feinstein returns to the Senate



Senator Dianne Feinstein is returning to Congress after more than two months away due to illness, her office confirmed on Tuesday.

Feinstein, 89, has not voted since mid-February after being diagnosed and briefly hospitalized with shingles. She was on her way back to Washington on Tuesday afternoon, according to a Senate Democratic aide.

Several lawmakers called for the California Democrat’s resignation as her absence dragged on, saying it stalled the Senate’s process to confirm President Joe Biden’s candidacy for a judge.

Representative Ro Hanna of California, Alexandria Ocasio-Cortez of New York and Rashida Tlaib of Minnesota called for resignation, citing concerns about her age and health. On May 5, the New York Times editors similarly called for Feinstein to resign.

“If she fails to fulfill her obligations to the Senate and her constituents, she must step down and hand over her duties to a designated successor,” the editorial wrote.

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