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February 11, 2016
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After failing to win re-election as a Florida Representative in 2010, Alan Grayson started a hedge fund in 2011 — a spot on his resume that raised eyebrows when he was re-elected in 2012. While Grayson's role running a hedge fund as a sitting member of the House has already led to an investigation by the House Committee on Ethics, emails obtained by The New York Times show the extent to which Grayson's jobs were intertwined "and how he promoted his international travels, some with congressional delegations, to solicit business."

Grayson's hedge fund, which until recently had operations in the Cayman Islands, is questionable as well. Grayson has reportedly boasted about traveling to "every country" in the world while creating investment strategies that took advantage of companies suffering because of economic or political turbulence.

[A] hedge fund marketing document cited a quote attributed to an early member of the Rothschild banking family in advising that "the time to buy is when there's blood in the streets."

Mr. Grayson defended his approach. "What creates the opportunity is when people overreact to something bad happening," he said.

At least some of Mr. Grayson's global travel has been paid for by the United States government, congressional records show. Mr. Grayson has traveled in official congressional delegations to Finland, Iraq, Kuwait, Pakistan and Saudi Arabia, according to a tally of those records by LegiStorm, a website that assembles data on Congress. He has also traveled to Israel on an official trip paid for by a private group, according to LegiStorm. [The New York Times]

According to House rules, lawmakers are not allowed to hold outside jobs that make more than $27,495, although Grayson has said he didn't report any earned income from the fund despite some investors that would have been paying management fees. Read the full report in The New York Times.

Correction: An earlier version of this article erroneously stated that Grayson ran his hedge fund during his 2009-2011 years representing Florida's 8th congressional district. Grayson began the hedge fund in 2011, after he had left Congress and before his 2012 re-election. Jeva Lange

5:47 a.m. ET

Congressional Republicans planned to run for re-election on their biggest legislative accomplishment, the $1.5 trillion tax overhaul they passed in December with zero Democratic votes. Taxes are the top issue in GOP ads, mentioned in a third of those that ran Aug. 29 to Sept. 12, USA Today reports, but more than two-thirds of those ads attacked Democrats rather than defending the GOP tax cuts. An internal survey commissioned by the Republican National Committee suggests why: By a 2-to-1 margin, voters believe the tax cuts benefit "large corporations and rich Americans" over "middle class families," according to Bloomberg News, which obtained the poll.

The survey, completed Sept. 2, found that 61 percent of voters said the tax overhaul helps the rich while 30 percent picked the middle class. Independents agreed about the wealthy benefiting by 36 percentage points. Overall, 44 percent of voters approved of the law, 45 percent opposed it. "Voters are evenly divided on the Tax Cuts and Jobs Act," the report said. "But, we've lost the messaging battle on the issue." (According to the Tax Policy Center, 25 percent of the law's gains will accrue to the top 1 percent by 2025, rising to 83 percent for the top 1 percent by 2027.)

"Most voters believe that the GOP wants to cut back on" programs like Social Security and Medicare "to provide tax breaks for corporations and the wealthy," the RNC survey concludes, attributing this to "a fairly disciplined Democrat attack against the recent tax cuts." Clearly, Democrats running on ObamaCare and Republicans shying from touting tax cuts was not how Republicans thought this would play out. "If we can't sell this to the American people," Senate Majority Leader Mitch McConnell (R-Ky.) said after the Senate passed the tax bill, "we ought to go into another line of work." Peter Weber

4:15 a.m. ET

President Trump visited North Carolina on Wednesday, after the waters of Hurricane Florence had subsided in some communities, and he had a lot of things to say about boats, telling the owner of one destroyed home that at least he "got a nice boat out of the deal," Stephen Colbert noted on Thursday's Late Show. "His comments are so disturbingly inappropriate relative to this tragedy, the only way we could make them remotely palatable is to turn them into a children's book. So gather round, kids, it's time to read a little book we at The Late Show put together called Whose Boat Is This Boat? Comments That Don't Help in the Aftermath of a Hurricane. Just a quick reminder, these are all actual things that he said to the storm-ravaged people." Also, the illustrations are actually pretty great. Watch below. Peter Weber

3:29 a.m. ET

On Thursday, ABC News reported that Michael Cohen, President Trump's longtime personal lawyer and "fixer," has spent hours talking to Special Counsel Robert Mueller's investigators about Trump's dealings with Russia and whether he had offered Cohen a pardon, which could amount to obstruction of justice.

The ABC News report cited "sources" for its scoop, but ABC's Meridith McGraw captured a tweet from Cohen's account, quickly deleted, seeming to confirm (in the third person) that Cohen had volunteered "critical information to the #MuellerInvestigation without a cooperation agreement."

Journalist Yashar Ali suggested that Cohen had been test-writing a tweet for someone else, and he appeared to be right, when Cohen lawyer Lanny Davis posted the tweet from his own account.

But Davis had a different explanation:

The bottom line would seem to be firsthand confirmation that Cohen is cooperating with Mueller. And that's potentially bad news for Trump. Peter Weber

2:05 a.m. ET
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As Terry Lauerman can attest, there's no better place to enjoy a cat nap than at an animal rescue.

Lauerman, 75, visits the Safe Haven Pet Sanctuary in Green Bay, Wisconsin, every day. The shelter's founder, Elizabeth Feldhausen, told HuffPost on Thursday that Lauerman walked into the facility about six months ago, armed with a cat brush, and said he wanted to help with grooming. Safe Haven rescues cats with disabilities that otherwise would likely be euthanized, and Lauerman spends about three hours a day there. During each visit, Lauerman will pick up a cat, start brushing it, and then doze off, still holding the feline.

Lauerman will sleep "for about an hour, then he'll wake up and switch cats," Feldhausen said. He knows all the cats, she said, and told her volunteering is "as great of an experience for him as it is for them." On Facebook this week, the shelter wrote a post praising Lauerman, and it immediately went viral. Lauerman said he hopes the attention will result in more donations to Safe Haven, and he also praised his fellow volunteers. Safe Haven is grateful for his dedication, writing on Facebook, "We are so lucky to have a human like Terry." Catherine Garcia

1:58 a.m. ET
Nhac Nguyen/AFP/Getty Images

Vietnamese President Tran Dai Quang died Friday from a "serious illness despite efforts by domestic and international doctors and professors,” state-run Vietnam Television reports. He was 61. Quang was appointed president in April 2016, and he last appeared in public on Wednesday, at a Politburo meeting and a reception for a Chinese delegation. He was one of three top leaders in the nation, along with the prime minister and Communist Party chief, and experts described his role as largely ceremonial. Before becoming president, Quang served as minister of public security, and before that he was a police general. He grew up in a small farming community south of Hanoi. Peter Weber

1:37 a.m. ET
Saul Loeb/AFP/Getty Images

Republican activist Steven Alembik wants the world to know he's not a racist, and he used a bunch of slurs to prove it.

On Sept. 8, Alembik tweeted that former President Barack Obama is a "F---ing MUSLIM N----r." When asked about this tweet by Politico on Wednesday, he at first said he didn't think he wrote it. After looking at the tweet, which he deleted after speaking to Politico, Alembik acknowledged he use the N-word after Obama made an unflattering remark about the Republican Party. But he is not a racist, Alembik explained. "When I write anything inflammatory, it's because I'm seriously pissed off. I'm an emotional human being."

On the apparent theory that digging a gigantic hole is better than a small one, Alembik kept talking. "So somebody like Chris Rock can get up onstage and use the word and there's no problem?" he asked. "But some white guy says it and he's a racist? Really?" Alembik grew up in New York in the '50s, he told Politico, and then proceeded to use a string of racial slurs against Jews, blacks, and Latinos to show that back in the good old days, everyone was calling each other names based on their religion and ethnicity.

Alembik has donated more than $22,000 over the years to Ron DeSantis, Florida's Republican gubernatorial nominee, and hooked DeSantis up with a speech at Mar-a-Lago. In a statement to Politico, campaign spokesman Stephen Lawson called the tweet "disgusting rhetoric" and said DeSantis condemned it. When asked by The Associated Press if DeSantis would return any of the money he received from Alembik, Lawson said no, it has already been spent, but DeSantis will not accept any additional donations from him. For more on Alembik and DeSantis' own controversial statements, visit Politico. Catherine Garcia

1:18 a.m. ET

It's starting to look like Christine Blasey Ford, the woman who says Supreme Court nominee Brett Kavanaugh tried to rape her in high school, might testify next week, though probably not on Monday, the date set by Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa). The "geriatric meerkat" Grassley has also scotched Ford's request that the FBI investigate her allegations, saying "it's not the FBI's role to investigate a matter such as this," Stephen Colbert noted on Thursday's Late Show. "Of course not, I mean it's right there in their name: the Federal Bureau of I-don't-know-what-that-last-letter-stands-for."

Grassley set a 10 a.m. Friday deadline for Ford to decide if she will testify Monday, and Colbert said that makes sense. "The U.S. Senate is known for two things: Moving at lightening speed, and not caring what abused women have to say about Supreme Court nominees." He pantomimed what he imagined Monday's hearing would look like, complete with 5-second countdown clock. Monday is "a totally artificial deadline that they are setting for themselves," he reminded the audience. "It's like when you say to your friend, 'Okay, if we're not married by the time we're 30, we'll meet up and confirm an accused sexual predator to the Supreme Court. At least we won't be lonely.'"

Meanwhile, President Trump has ordered the declassification of sensitive documents relating to the ongoing federal investigation of his presidential campaign, despite warnings from the intelligence community that doing so would jeopardize U.S. intelligence assets. "But he's the president, and I would certainly hope he has a good reason," Colbert said. "But I would certainly be wrong," because Trump says he hasn't reviewed the documents and he's releasing them because Fox News pundits begged him to, including "the great Lou Dobbs, the great Sean Hannity, the wonderful, great Jeanine Pirro." Colbert had some thoughts. Watch below. Peter Weber

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