Biden’s pick to lead Treasury made more than $7M in speaking fees
REHOBOTH BEACH, Del. — President-elect Joe Biden’s choice to be treasury secretary, Janet Yellen, collected more than $7 million in speaking fees over the past two years from major financial firms and tech giants including Citigroup, Goldman Sachs and Google, according to disclosure forms filed as part of her nomination.
Yellen’s was among three financial disclosures turned in by Biden transition officials that were made public on Thursday by the Office of Government Ethics. In a separate filing, Yellen listed firms and banks where she had received speaking fees and said she intended to “seek written authorization” from ethics officials to “participate personally and substantially” in matters involving them.
Yellen was the Federal Reserve chair from 2014 to 2018. Her term was not renewed by President Donald Trump. She took in the speaking fees in 2019 and 2020.
Her selection by Biden to lead the Treasury Department has been cheered by progressive Democrats, who support Yellen’s work as a labor economist who has long prioritized combating economic inequality. Since her nomination was announced, Yellen has pledged to work to fight systemic racism and climate change.
But receiving steep payments from Wall Street bankers and other powerful corporations could become an issue as her nomination works its way through a closely divided Senate. Hillary Clinton faced criticism from the left wing of the Democratic Party while running for president in 2016 for having received lucrative speaking fees at Wall Street firms.
Loeffler, Perdue run hard-line
pitch in swing state Georgia
ATLANTA — The merchandise featured in Sen. Kelly Loeffler’s online campaign store includes T-shirts and bumper stickers bearing Donald Trump’s name and the message: “Still my president.”
The Georgia Republican is running television ads ahead of Tuesday’s Senate runoff elections that lambastes her opponent, the Rev. Raphael Warnock, as “dangerous” and “radical.”
Loeffler’s colleague, Sen. David Perdue, meanwhile, is warning Georgians that Democrats will enact a “socialist agenda” if his challenger, Jon Ossoff, wins on Tuesday.
In the final days of campaigns that will decide control of the U.S. Senate, the Republican incumbents are appealing to the most conservative part of the electorate. Their steady embrace of the hard-right, Trump wing of the GOP — even repeatedly refusing to acknowledge Trump’s defeat — and their caricatures of the Democratic challengers may seem like a risky approach in a state that narrowly voted for Democrat Joe Biden for president in November after years of steady Democratic gains.
The strategy reflects prevailing GOP wisdom in the Trump era: Republicans’ clearest path to victory, even in swing states, is to drive up support among a GOP base motivated by allegiance to the president and fear of Democrats. Still, the approach comes at the expense of a once-broader Republican coalition that included more urban and suburban moderates and GOP-leaning independents who have rejected the Republican brand under Trump.
Iraq explosives experts working to defuse mine on oil tanker in gulf
BAGHDAD — Iraqi explosives experts were working to defuse a large mine discovered on an oil tanker in the Persian Gulf and evacuate its crew, authorities said Friday.
The statement came a day after two private security firms said sailors feared they had found a limpet mine on the MT Pola, a Liberian-flagged tanker in the waters off the Iraqi port of Basra. A limpet mine is a type of naval mine that attaches to the side of a ship, usually by a diver-member of special forces. It later explodes, and can significantly damage a vessel.
The Iraqi statement said the mine had been attached to a tanker rented from Iraq’s Oil Marketing Company SOMO that was refueling another vessel. Iraq’s naval forces were making “a great effort to accomplish the mission” safely, said Iraq’s Security Media Cell, which is affiliated with the country’s security forces.
It was the first official Iraqi confirmation that a mine was discovered on an Iraqi tanker transferring fuel in the Persian Gulf to another vessel. It did not identify either vessels or provide more details.
The discovery came amid heightened tensions between Iran and the U.S. in the waning days of President Donald Trump’s administration.
Appeals court vacates order
delaying woman’s execution
WASHINGTON — A federal appeals court has cleared the way for the only woman on federal death row to be executed before President-elect Joe Biden takes office.
The ruling, handed down Friday by a three-judge panel on the U.S. Court of Appeals for the District of Columbia Circuit, concluded that a lower court judge erred when he vacated Lisa Montgomery’s execution date in an order last week.
U.S. District Court Judge Randolph Moss had ruled the Justice Department unlawfully rescheduled Montgomery’s execution and he vacated an order from the director of the Bureau of Prisons scheduling her death for Jan. 12.
Montgomery had been scheduled to be put to death at the Federal Correctional Complex in Terre Haute, Indiana, in December, but Moss delayed the execution after her attorneys contracted coronavirus visiting their client and asked him to extend the time to file a clemency petition.
Moss concluded that the under his order the Bureau of Prisons could not even reschedule Montgomery’s execution until at least Jan. 1.
But the appeals panel disagreed.
From wire sources
