Commerce Secretary Wilbur Ross didn't divest stock holdings until months after the deadline imposed by his new federal position. During that time, his stock's value increased by more than $1 million, a Center for Public Integrity investigation found on Thursday.
Ross "mistakenly believed that all of my previously held Invesco stock was sold" before he took office, he wrote in a filing update. "In December 2017, I discovered that the previously held stock had not been sold. I then promptly sold these shares." It's unclear how many shares Ross owned, but the investigation estimates that he could have earned up to $6 million after failing to meet the deadline.
The Invesco Ltd. stock, valued at $10 million to $50 million, would have earned Ross a substantial amount even if he had sold it on time, the secretary's lawyer said. Even so, Ross' financial dealings have been under close scrutiny after a Forbes investigation found that he also kept his stakes in a company co-owned by the Chinese government, a shipping firm linked to the Kremlin, and a Cyprus bank that is entangled in the investigation led by Special Counsel Robert Mueller. While Ross would have profited from his stock holdings no matter when he divested, the Center for Public Integrity notes that his updated filings contradict previous sworn statements in which he said he had divested of all holdings as required by federal ethics laws. Read more at The Center for Public Integrity.
Update July 5, 4:55 p.m.: The Commerce Department reiterated in a statement to The Week the "inadvertent error" that caused the delay in divestment, explaining that Ross "promptly took action" as soon as he learned of the problem. A spokesperson additionally noted that "the secretary has consistently disqualified himself from participating in any matters involving companies on which he formerly held a position, including Invesco." Summer Meza
Hamas on Saturday announced it has accepted a ceasefire deal in the contested Gaza Strip after fighting on Friday left four Palestinians and one Israeli soldier dead. The temporary peace was brokered by officials from Egypt and the United Nations.
Israel has yet to confirm its acceptance of the agreement, but the Israeli military said in a statement Saturday it has "decided to maintain a full civilian routine in the communities close to the Gaza Strip," suggesting a cessation in hostilities. Nevertheless, Israel Defense Forces (IDF) also reported an Israeli tank targeted a Hamas outpost Saturday morning after "a number of suspects" allegedly crossed a border fence into Israel for a brief time.
This is the second ceasefire in a week, punctuating the worst conflict in Gaza since 2014. Palestinians have been protesting at the Gaza border fence since March, and about 140 Palestinians — including protesters, militants, and medical workers — have been killed in that span. Thousands more have been wounded, including journalists. One IDF soldier has been killed and 10 Israelis injured. Bonnie Kristian
Florida man who fatally shot another over a parking spot won't be charged due to Stand Your Ground law
Police in Clearwater, Florida, declined to arrest or charge a man who fatally shot another over a handicapped parking spot because they believe he is likely shielded by the state's controversial Stand Your Ground law.
"I don't make the law. I enforce the law," said Pinellas County Sheriff Bob Gualtieri at a press conference Friday. "The law in the state of Florida today is that people have a right to stand their ground and have a right to defend themselves when they believe that they are in harm."
Gualtieri noted the state's attorney's office will review the case and could decide to bring charges if it seems realistic to "overcome that heavy burden at a Stand Your Ground hearing of proving by clear and convincing evidence [the shooter] was not entitled to use force in this circumstance."
The shooting took place at a convenience store Thursday afternoon. The shooter, Michael Drejka, confronted a woman, Britany Jacobs, who had parked in a handicapped spot to wait while her boyfriend, Markeis McGlockton, and their 5-year-old son went inside the store.
When McGlockton and the boy came outside, he saw the argument and intervened, forcibly pushing Drejka to the ground. From there, Drejka fired a single round at McGlockton's chest with his handgun, for which he had a valid concealed carry permit. McGlockton died at a hospital soon after. Bonnie Kristian
They appeared together at a rally for Democrat James Thompson, who is challenging GOP incumbent Rep. Ron Estes for his House seat. "People told me Kansas was a Republican state," Sanders told an enthusiastic crowd. "It sure doesn't look that way."
Some attendees were not previously familiar with Ocasio-Cortez, who burst onto the national scene this summer with an upset primary win against the No. 4 House Democrat, Rep. Joe Crowley (N.Y.), in her Bronx district. In Kansas, she touted the broad appeal of her platform. "What you have shown me, and what we will show in the Bronx, is that working people in Kansas share the same values — the same values — as working people anywhere else," she said.
Ayub Ali, 61, was stocking shelves when a robber forced him to open the cash register. The robber took the money and left, but then returned to shoot Ali, who was pronounced dead at a nearby hospital.
A suspect identified as Tyrone Fields Jr., 19, was arrested Friday based on security camera footage from the store. He has been charged with murder and robbery with firearm.
Ali is survived by his wife and four children, the youngest of whom is just 22 months old. "It's hard for them to accept it," said a family representative. "He [met] everyone with a smile." Bonnie Kristian
Trump's intelligence chief chuckled about Putin visiting Washington. Is he next on the chopping block?
Is a laugh enough to get you fired in Trump's White House? President Trump is "exasperated" with his director of national intelligence, Dan Coats, Politico reported Friday night, after the intelligence chief publicly chuckled Thursday at the idea of another Trump summit with Russian President Vladimir Putin.
"That's going to be special," DNI Coats said of Trump's invitation to Putin to visit Washington this fall, indicating he did not know of the meeting plan in advance. A former Trump administration official described the administration as in "meltdown" over Coats' comments, and Reuters reports White House staff are alarmed Coats was kept in the dark about the forthcoming Putin visit.
Some sources suggested to Politico the DNI, who is 75, may soon wish to retire — or that he may become Trump's newest target for firing. "He was not particularly eager to take the job to begin with and was sort of talked into it on the theory of when the president asks, you should serve," explained one of Politico's sources. Should Coats leave or be forced out, Politico notes, Trump may have a difficult time replacing him, especially given Special Counsel Robert Mueller's ongoing investigation into Russian election interference. Bonnie Kristian
President Trump on Twitter Saturday lashed out against his former attorney, Michael Cohen, for reportedly making recordings of Trump two months before the 2016 election discussing payments to former Playboy model Karen McDougal to silence her about an alleged affair.
Inconceivable that the government would break into a lawyer’s office (early in the morning) - almost unheard of. Even more inconceivable that a lawyer would tape a client - totally unheard of & perhaps illegal. The good news is that your favorite President did nothing wrong!
— Donald J. Trump (@realDonaldTrump) July 21, 2018
Per Friday reports from The Washington Post and The New York Times, the FBI gained access to the recordings when the agency raided Cohen's office earlier this year. Cohen is under investigation for potential campaign finance violations committed while paying hush money to cover up the president's alleged extramarital liaisons. Bonnie Kristian
Demonstrating he has never met a dead horse he did not want to beat, President Trump tweeted Friday evening NFL players kneeling during the national anthem, proposing unpaid suspensions for repeat protesters:
The NFL National Anthem Debate is alive and well again - can’t believe it! Isn’t it in contract that players must stand at attention, hand on heart? The $40,000,000 Commissioner must now make a stand. First time kneeling, out for game. Second time kneeling, out for season/no pay!
— Donald J. Trump (@realDonaldTrump) July 20, 2018
The NFL announced Thursday it would not enforce its policy, implemented earlier this year, of requiring players to stand during the national anthem. The new rule was introduced after uproar — most loudly from Trump himself — over athletes' decision to protest institutional racism and police brutality by kneeling while the song is performed. The policy is now subject to a complaint filed by the NFL Players Association (NFLPA) and is under confidential review.