Friday, April 16News That Matters

Tag: Billion

How did $2.7 billion in California housing bonds disappear?

How did $2.7 billion in California housing bonds disappear?

Politics
Ahead of California’s housing scarcity contributed to a surge in homelessness and tipped median house costs just about $700,000, an difficult to understand state financing company led by way of best elected officers had the chance over the past decade to lend a hand non-public builders construct a trove of inexpensive housing. The California Debt Restrict Allocation Committee, an arm of the State Treasurer’s Place of work that problems bonds for personal initiatives with a public get advantages, was once tasked with getting $3.5 billion in tax-exempt housing bonds out the door. Such financing is continuously utilized by the federal government as an incentive for developers and builders to lend a hand building up the state’s stock of homes and residences. As an alternative, the committee...
Jen Psaki Made Fox Information’s $1.6 Billion Dangerous Day A lot Worse

Jen Psaki Made Fox Information’s $1.6 Billion Dangerous Day A lot Worse

Politics
Fox Information’s Peter Doocy attempted to create a conspiracy principle that President Biden is except for them from questions, however Press Secretary Psaki close it down. Video: Fox Information has been in point of fact making an attempt laborious to push a fable that Biden is except for them and now not taking their query, however Press Sec. Psaki close them down, It's transparent that the community is attempting to distract from the $1.6 billion lawsuit about their election lies. pic.twitter.com/8QR4a00S8C — Sarah Reese Jones (@PoliticusSarah) March 26, 2021 Doocy requested, “We famous, beginning on the finish of the marketing campaign and into the transition and on the white area, anytime the president has an match the place he's given an inventory that ...
Dominion Balloting Programs Sues Fox Information for $1.6 Billion Over Bogus Election Claims

Dominion Balloting Programs Sues Fox Information for $1.6 Billion Over Bogus Election Claims

Politics
Dominion Balloting Programs filed a $1.6 billion defamation lawsuit towards Fox Information, bringing up the community’s persevered information protection that has unfold the baseless declare that the 2020 common election was once fraudulent, lies that contributed to the storming of the US Capitol by means of a mob of former President Donald Trump’s supporters on January 6. Dominion argues that Fox Information “bought a false tale of election fraud so as to serve its personal business functions, critically injuring Dominion within the procedure,” in line with a replica of the lawsuit bought by means of The Related Press. “This was once a aware, realizing industry choice to endorse and repeat and broadcast those lies so as to stay its viewership,” stated lawyer Jus...
California may get $150 billion from federal coronavirus reduction invoice

California may get $150 billion from federal coronavirus reduction invoice

Politics
By way of ADAM BEAM | The Related Press SACRAMENTO  — The huge COVID-19 reduction invoice Congress authorized Wednesday will pump greater than $150 billion into California’s economic system, Gov. Gavin Newsom’s management stated Wednesday, together with a $26 billion providence for the state’s already burgeoning finances surplus. Just about part of the cash will pass to Californians immediately within the type of $1,400 assessments and expanded unemployment advantages. Every other $15.9 billion will pass to private and non-private faculties whilst $3.6 billion will spice up the state’s vaccination, checking out and get in touch with tracing efforts. There’s additionally cash for public transit companies, airports and kid care. About $16 billion will pass to native governments and be bre...
Power Secretary Confirms Her Division Has Extra Than $40 Billion in Budget to Transition to Blank Power

Power Secretary Confirms Her Division Has Extra Than $40 Billion in Budget to Transition to Blank Power

Politics
Power Secretary Jennifer Granholm, who used to be showed through the Senate simply remaining week, has confirmed that her division, because of its reactivated mortgage program, has greater than $40 billion in budget to spice up the transition to wash power resources. Despite the fact that Granholm didn't be offering a timeline on when those loans can be introduced, the scoop marks a very powerful step for the USA because it additional divests itself from fossil fuels and addresses the local weather disaster. “I'm able to rev the ones engines again up in order that we will be able to spur the following technology of innovation and deployment,” Granholm mentioned in her remarks on the CERAWeek convention, which used to be held nearly this yr because of the Covid-19 p...
Dominion Balloting Techniques Sues MyPillow CEO Mike Lindell for $1.3 Billion

Dominion Balloting Techniques Sues MyPillow CEO Mike Lindell for $1.3 Billion

Politics
Dominion Balloting Techniques has sued MyPillow CEO Mike Lindell for $1.3 billion, arguing that Lindell defamed the corporate by way of selling the baseless conspiracy principle that falsely claimed Dominion conspired with overseas powers to rig balloting machines to prevent former President Donald Trump from profitable the 2020 common election. The corporate seeks greater than $651 million in punitive damages in addition to an extra $651.7 million in reimbursement from Lindell. Dominion’s declare is ready 4 occasions MyPillow’s annual earnings. “On account of the false accusations disseminated to a world target market by way of Lindell, his allies, and like-minded media shops… Dominion has suffered exceptional reputational and monetary hurt, and its staff’ lives ...
Dominion sues MyPillow and its CEO Mike Lindell for $1.3 billion

Dominion sues MyPillow and its CEO Mike Lindell for $1.3 billion

Politics
By means of Jordan Valinsky | CNN Trade Dominion Voting Systems, the election era corporate that has been the focal point of debunked conspiracy theories about election fraud, is suing MyPillow and its CEO Mike Lindell. The corporate is looking for about $1.3 billion in damages for Lindell’s a large number of unfounded public statements by way of allies of former President Donald Trump that Dominion rigged its machines in desire of Joe Biden within the 2020 US presidential election. The 115-page lawsuit filed Monday in Washington, DC, cites Lindell’s media appearances and social media posts pushing what they known as the “Giant Lie” about Dominion’s machines — together with a two-hour movie that aired on OAN and used to be stuffed with falsehoods about balloting irregularities. Within t...
California high-speed rail officers need to faucet last $4.1 billion in bond finances

California high-speed rail officers need to faucet last $4.1 billion in bond finances

Politics
Through KATHLEEN RONAYNE | The Related Press SACRAMENTO — Officers in command of California’s slow-going high-speed rail undertaking need to faucet $4.1 billion in bond cash to complete ongoing building within the Central Valley, finishing a section of observe this is only a fraction of the Los Angeles-to-San Francisco line electorate licensed the cash for in 2008. Undertaking leaders introduced the most recent trade on easy methods to pay for the undertaking — and what it's going to price — on Tuesday to the California Prime-Pace Rail Authority’s board of administrators. The brand new use of bond cash, if licensed, would cross towards completing 119 miles of observe within the Central Valley. The state now expects to complete that building by means of 2023, a year delay from the closin...
Fox Information And A number of Hosts Sued For $2.7 Billion Over Election Rigging Conspiracy Principle

Fox Information And A number of Hosts Sued For $2.7 Billion Over Election Rigging Conspiracy Principle

Politics
Smartmatic, an digital vote casting methods maker, is suing Fox Information and hosts Lou Dobbs, Maria Bartiromo, and Jeanine Pirro for his or her election rigging conspiracy idea. Reuters reported: Smartmatic alleged that Fox and different defendants invented a tale that the election was once stolen from Trump and determined to make Smartmatic “the villain of their tale.” “Fox Information used the tale to keep its grip on audience and readers and curry favors with the outgoing management – considered one of their anchors was once even ready to get a pardon for her ex-husband,” the lawsuit mentioned, relating to Pirro. The go well with seeks greater than $2.7 billion in compensatory and punitive damages. Smartmatic additionally asks for defendants to retract “fal...
Dominion sues Rudy Giuliani for $1.3 billion over ‘Giant Lie’ about election fraud

Dominion sues Rudy Giuliani for $1.3 billion over ‘Giant Lie’ about election fraud

Politics
Via Katelyn Polantz | CNN Dominion Balloting Methods has sued former President Donald Trump’s non-public attorney Rudy Giuliani for defamation after he driven the “Giant Lie” about election fraud on his podcast and TV appearances. Dominion is seeking greater than $1.3 billion in damages. The lawsuit notes that whilst Giuliani unfold falsehoods about Dominion being owned via Venezuelan communists and corrupting the election, he didn't make the ones claims in proceedings he driven on behalf of Trump. That is the second one defamation lawsuit Dominion has filed in contemporary weeks in search of to recoup its losses following the Trump post-election disinformation marketing campaign. The vote auditing corporate previously sued attorney Sidney Powell, who driven equivalent claims along Giul...