By Nick Baum
MONDAY – 6/18/18
Just hours ago, Audi CEO and Chairman Rupert Sadler was arrested in Germany in an investigation into diesel and emissions of the cars made by Audi. In a press release, a spokesman for Volkswagen (Audi’s parent company) Nicolai Laude confirmed that Sadler was arrested, but declined to comment on the current investigation.
Sadler had been CEO of Audi since the start of 2010, and had been promoted to CEO in the midst of Volkswagen’s alleged cheating in different emissions tests. From 2008 to 2015, Volkswagen allegedly installed software in their cars to cheat during emissions testing, when in reality the cars were said to pollute up “10 to 40 times more” than other cars, said the Environmental Protection Agency (EPA), whom made the allegations Sept. 18, 2015.
The arrest had also come just a week after prosecutors searched Sadler’s home for any evidence, and also just days after Germany placed a $1.2 Billion dollar penalty on Volkswagen for their alleged cheating and software used during emissions testing. All ready, Volkswagen’s stock in the Frankfurt Stock Exchange had fallen by more than 2%.
Sources: Environmental Protection Agency, Flickr, CNBC, CNBC Explains, CNN Money, Wikipedia
By Nick Baum
FRIDAY – 5/1/18
Last night in Spain, Mariano Rajoy was ousted from his spot as Prime Minister of Spain by the country’s parliament based on previous corruption and scandals. In fact, Rajoy has become the first Prime Minister in Spain’s modern history (1977 – Now) to be ousted by the parliament.
In return, the leading candidate of the Spanish Socialist Workers’ Party (PSOE), the main opposition of Rajoy’s party, the Popular Party, Pedro Sanchez, will become the next Prime Minister of Spain. Rajoy’s sudden replacement can be linked to previous scandals involving the Popular Party, with the party supposedly using slush funds to help fund election campaigns.
It is yet to be determined where Rajoy will be next, but prosecutors say they will investigate into previous accounts of corruption. Rajoy lost the parliamentary vote with a decent margin. Out of 350 members of the parliament, 180 voted him out, 169 voted to keep him in, and one absentee was recorded.
Sources: CNN, Reuters, Daily Mail
Photo Credit: Shop Catalog http://www.shopcatalog.com/
By Nick Baum
FRIDAY – 5/18/18
Cambridge Analytica, the company that worked with Trump’s campaign was accused of accessing private user’s data and personal interests on Facebook in order to advertise to them, bringing them into the center of a lengthy scandal, including a testimony by Mark Zuckerberg, CEO of Facebook to explain what happened to his company, and what could be done to prevent it.
Now, the data sharing firm has filed for Chapter 7 Bankruptcy at the US Bankruptcy Court of New York Southern Division, the same division that covers New York City. The processes of bankruptcy started in early May, with both Cambridge Analytica and their parent company, SCL Elections, starting bankruptcy procedures.
In the tech firm’s filings, they stated that their “assets” or valuable sources of money, number from $100,000 to $500,000, while their “liabilities”, or responsibilities that they will need to pay for, number from $1 million to $10 million, due to the past scandal as well as their former Director of Research, Christopher Wylie, had to testify against a Senate Committee on Wednesday.
Sources: CNN, BBC, USA Today
By Nicholas Baum
MONDAY – 5/14/18
This morning, a family of four carried out a suicide bombing on the police headquarters of Indonesia’s second most populous city, Surabaya, killing six. In the attack, two motorcycles, each with one parent and a kid on the back, drove into the police headquarters building before detonating their bombs, still attached to their bodies. In addition to the six killed, four of them were the attackers and ten were wounded, six civilians and four officers.
The incident has been another attack in the string of suicide bombings in Indonesia last week. Three other attacks have been reported on various churches, killing a combined total of eight excluding the attackers’ deaths. The previous attacks have been thought to be done by a different family, as a husband and wife used their four kids to blow up different churches.
ISIS, through their Amaq News Agency, claimed responsibility for the three church attacks before, but hasn’t said anything about the recent police bombing. However, many have believed that the rise in suicide bombings correlates with the rise of Islamic extremism in the country, with many ISIS militants moving to different countries including Indonesia.
Sources: CNN, Fox News
By Nick Baum
TUESDAY – 5/8/18
The attorney general for the state of New York Eric Schneiderman has resigned amidst allegations of sexual abuse, including four different women accusing him in the last several hours. As attorney general, Schneiderman was in charge of looking over the operations of every major department in the state, as well as serving as top lawyer for the state itself.
However, he claimed that while “he contests” these allegations, he believes that the controversy surrounding him has made his role ineffective, and resigning late Monday, May 7. Schneiderman had also spoken for the #MeToo movement, and had campaigned for women’s rights before.
The attorney general also tried to sue Harvey Weinstein, as well as applauding women for speaking up about their harassers and encouraged more to do the same. In an interview with the New Yorker, two of the women, Michelle Manning Barish and Tanya Selvaratnam, said they had both been in relationships with Schneiderman, complaining that he choked and slapped them around, forcing them to seek medical treatment.
Full statement here: “It’s been my great honor and privilege to serve as Attorney General for the people of the State of New York. In the last several hours, serious allegations, which I strongly contest, have been made against me,” Schneiderman said in a statement. “While these allegations are unrelated to my professional conduct or the operations of the office, they will effectively prevent me from leading the office’s work at this critical time. I therefore resign my office, effective at the close of business on May 8, 2018.”
Sources: CNN, The Washington Post, The New Yorker
By Nick Baum
THURSDAY – 5/3/18
Newly released body cam footage worn on Las Vegas Police Department Officers depict up to three hours of response from the Las Vegas shooting. In the shooting, senior citizen Stephen Paddock opened fire with an automatic rifle on a concert from his hotel suite above.
The shooting killed 58 people, and 515 more were injured. The body cam footage showed different moments of the police’s reactions, including the drive up to the crime scene, shooting through the door to get into the suite, as well as searching the suite.
In the body cam footage, weapons can be seen scattered and hidden throughout the suite, as officers try to decipher what the shooter wanted and if he wasn’t the only one responsible. The footage is available online and viewer discretion is advised.
Sources: CNN, Independent, Associated Press
By Nick Baum
TUESDAY – 4/17/18
Sean Hannity, reporter and talk show host on Fox News, was announced as a client of Michael Cohen, Trump’s leading attorney, in a federal court on Monday. Michael Cohen’s home was recently raided by the FBI on suspicions that he carried illegal documents and records from Russia.
Three people were named at the federal court in lower Manhattan for being a former client of Michael Cohen. Hannity, GOP Fundraiser Elliott Broidy, and an unnamed third person. The names were announced in suspicion that they could’ve also been colluding with Russia.
So far, no direct evidence has been made of Russian collusion with the three names, but Michael Cohen is currently already under the investigation of a possible collusion and cover up with Russian authorities.
Sources: The New York Times, The Wall Street Journal