Categories
Politics

Democratic Insider and a Republican Backed by Trump Win Ohio Home Races

The race was not so much symbolic of a liberal-moderate divide among the Democrats as a clash between an insider who rose quickly in local party circles and an agitator who made a living from alienating party leaders by showing their commitment to liberals Ideals questioned. Both candidates were solidly liberal in their views on a number of issues, including legalizing marijuana and, in some cases, making college more affordable or free.

External political groups from different corners of the democratic coalition invested heavily in the race. Ms. Turner was backed by leftist environmental interests in support of the Green New Deal; the political group founded by Senator Bernie Sanders and once headed Our Revolution; and two progressive groups, the Working Families Party and Justice Democrats.

Ms. Brown was more likely to support institutional actors and politicians such as the Political Committee of the Congressional Black Caucus; several senior members of the caucus; James E. Clyburn Rep. Of South Carolina, Whip of the Democratic House of Representatives; Hillary Clinton; Jewish Democrats; Cleveland Area Black Churches; and unofficially Marcia Fudge, who vacated this year to become Mr. Biden’s Secretary for Housing and Urban Development and agreed to have her mother appear in an advertisement for Ms. Brown because she needed to remain neutral as a government official.

Democratic leaders in Washington and groups often at odds with the progressive left were concerned that a victory by Ms. Turner, who topped double digits in early polls and initially raised more money than Ms. Brown, could herald a new round of hostilities within the party for the Democrats.

And the establishment hit back hard – to a degree that it has not had in previous struggles when candidates with the support of party activists such as New York MPs Alexandria Ocasio-Cortez and Jamaal Bowman knock out seasoned politicians with little resistance.

This time, while Ms. Ocasio-Cortez and other stars of the left in Ohio were fighting for Ms. Turner, prominent members of the Congressional Black Caucus such as Mr. Clyburn visited the district and implored the people to choose Ms. Brown as someone who was respectful and to be willing to work with fellow Democrats – an implicit criticism of Ms. Turner’s more confrontational style. She was openly criticized by many, such as Mississippi MP Bennie Thompson, who called Ms. Turner a “lonely know-it-all”.

Advertising attacking Ms. Turner’s professionalism and character was ubiquitous in the district in the last days of the campaign. An ad by centrist group Third Way compared Ms. Turner’s political style and tone to that of Mr. Trump, and reiterated a moment on camera when she was struggling for survival during the campaign by making a rough analogy with choosing between Mr. Biden, whom she did not support, and Mr. Trump.

Categories
Business

Insider Journalists Kind a Union

Journalists from Insider, the news site formerly called Business Insider, said Monday they formed a union and joined a wave that has swept up digital media companies.

A majority of more than 300 editors, a group of reporters, editors and video journalists, voted in support, union officials said.

Insider, which changed its name this year, was co-founded by Henry Blodget in 2007 as a business-oriented publication focusing on the technology industry. In recent years it has expanded its areas of coverage.

Axel Springer, a Berlin-based digital publisher, paid $ 343 million in 2015 for a 97 percent stake in the company and bought the remaining 3 percent in 2018. Mr. Blodget remained managing director. Insider, who has grown during the pandemic, raised the minimum annual salary for employees to $ 60,000 in February.

The Insider Union asks the company for voluntary recognition. It is represented by The NewsGuild of New York, which also represents editorial staff for the New York Times and other publications.

“I’ve seen us grow from the start-up energy of a young company to a much larger, much more formal company,” said Kim Renfro, an entertainment correspondent who has been with the Insider Union since 2014 as a natural part of that progress . “

William Antonelli, editor at Insider, said the union will focus on diversity and inclusion, pay fairness and be more transparent about how executives rate employees.

Nicholas Carlson, Insider’s global editor-in-chief, said in a statement: “The satisfaction, job security and happiness of our journalists are extremely important to us. We will fully respect every decision our newsroom ultimately makes. “

Forming a union at Insider is part of a broader industry trend after efforts were organized at BuzzFeed News, Vice, The New Yorker, and Vox Media. Last week a group of more than 650 technicians formed a union at The Times.

Categories
Business

SpaceX engineer pleads responsible to DOJ insider buying and selling fees

SpaceX headquarters in Los Angeles, California.

AaronP / Bauer-Griffin | GC Images | Getty Images

A SpaceX engineer pleaded guilty to a Justice Department charge of insider trading, the agency said Thursday after using information obtained on the dark Internet to trade public securities using non-public information.

The DOJ’s criminal case against James Roland Jones of Hermosa Beach, California was investigated by the FBI in 2017.

In the government’s appeal agreement announcement, Jones was identified as a SpaceX engineer, although the agency did not specify whether he was currently working for the space company or whether he was doing so at the time of the fraud.

The US Securities and Exchange Commission also accused Jones of “carrying out a fraudulent operation to sell what he called” insider tips “online for Bitcoin. The SEC did not have SpaceX in its complaint called.

The case does not appear to be related to any information about or relating to SpaceX.

SpaceX, the DOJ, and the SEC did not immediately respond to CNBC’s requests for comment.

The DOJ said Jones used the nickname “MillionaireMike” to purchase information such as address, date of birth, and social security number on the dark internet. The SEC-defined dark web “refers to anything on the Internet that is not indexed or accessible through a search engine like Google.”

Jones then used that information to conduct financial transactions on material, nonpublic information, the DOJ claims. In April 2017, an undercover FBI agency gave Jones “alleged inside information regarding a publicly traded company,” the DOJ said.

“From April 18, 2017 to May 4, 2017, Jones and a conspirator conducted numerous securities transactions based on this alleged inside information,” the DOJ said.

The SEC accused Jones of violating the federal securities law. Jones agreed to a forked settlement with the SEC and faces a maximum five-year sentence in federal prison under his request to the DOJ.

“This case shows that the SEC can and will prosecute securities law violations wherever they operate, including the Internet,” said David Peavler, director of the SEC’s Fort Worth regional office, in a statement.