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Random Politics & Religion #00
Leviathan.Chaosx
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Posts: 20284
By Leviathan.Chaosx 2016-01-11 21:09:05
Christie is first tier now, wtf?
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Posts: 8022
By Shiva.Viciousss 2016-01-11 21:27:59
They really should just cancel that undercard debate, I mean Fiorina, Huckabee, and Santorum? That is a complete waste of time, those 3 aren't even going to talk to each other. Its more like an interview with 3 different people.
Valefor.Sehachan
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Posts: 24219
By Valefor.Sehachan 2016-01-12 07:16:55
Suicide bomber in Instanbul: 10 dead, 15 wounded. It was a syrian IS fighter they're saying.
It's a bit strange considering Turkey is pretty much fighting kurds more than ISIS and has been letting terrorist walk across their border freely to come and go to Syria.
Garuda.Chanti
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Posts: 11402
By Garuda.Chanti 2016-01-12 09:13:13
Christie is first tier now, wtf? He has been working NH REALLY hard.
At least as hard as Cruz has been working Iowa.
[+]
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Posts: 3686
By Phoenix.Amandarius 2016-01-12 10:13:30
MoveOn.org endorses Bernie Sanders.
I love the irony considering MoveOn.org began as a group trying to get people to move on and get over Bill Clinton's sexual abuse of women in the White House and the perjury thereafter.
サーバ: Shiva
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Posts: 20130
By Shiva.Nikolce 2016-01-12 10:32:00
He has been working NH REALLY hard.
had to go look it up because I know that's the last thing christie or any other politician would ever do... work lol
tldr He got some of walker's donor money and spent $3 million of it
money
Valefor.Sehachan
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Posts: 24219
By Valefor.Sehachan 2016-01-12 16:56:29
Wonder what peeps think of this ruling from the court of Strasbourg
Quote: Bosses can snoop on workers' emails including personal messages with loved ones during working hours, the European Court of Human Rights ruled in a case brought by a Romanian man fired after his employer spied on his private Yahoo Inc. chats.
"It is not unreasonable for an employer to want to verify that the employees are completing their professional tasks during working hours," the court in Strasbourg, France, ruled Tuesday.
While the case dates back to 2007, the ruling comes at a time when governments and courts around the world are grappling with how to balance the right to privacy with the need to protect national security in the wake of Islamist terror attacks such as those in Paris last year. The court's decision will also certainly guide the European Union's top tribunal in future cases and rulings, said lawyers.
"This decision is significant for a number of European countries" as it legalizes reliance on private communications to influence workplace decisions, said Michael Burd, joint head of employment at Lewis Silkin in London. "There's been a very strict division between employers' ability to look at private stuff and employers' ability to look at company stuff and this decision will break that down."
"What's significant about this case is that they were allowed to use the content, not simply the fact of using Yahoo," said Burd.
Bogdan Mihai Barbulescu took his case against Romania to the human rights court in 2008, arguing that his employer's decision to end his contract was based on a violation of his rights to respect for his private life and correspondence.
Barbulescu, who worked with his former employer as an engineer in charge of sales from 2004 to 2007, was asked to create a Yahoo Messenger account to answer clients' queries. In July 2007, he was informed that his chats had been monitored over several days, showing he had breached company rules by using the service also privately. A 45-page transcript also included a few messages he had exchanged with his fiancee.
"The employer's monitoring was limited in scope and proportionate" and in addition, the employee hadn't "convincingly explained why he had used the Yahoo messenger account for personal purposes," the European court said. "There is nothing to indicate that the domestic authorities failed to strike a fair balance."
"In my view, the court is taking a very liberal stance," said Tom De Cordier, a lawyer at CMS DeBacker in Brussels. "Employers should be careful not to draw too general conclusions from this decision. Much of the court's decision seems to be based on the fact that the employee had claimed that the relevant communications were of a professional nature."
The ruling highlights the need for workers to beware of the pitfalls of using social media and email at work, said Claire Dawson, an employment lawyer at Slater and Gordon in London.
"Some employers allow for 'reasonable personal use' of company systems," Dawson said. "Others impose a complete ban. The advice to employees is clear: check what your employer's policy is and operate within it." article
Leviathan.Chaosx
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Posts: 20284
By Leviathan.Chaosx 2016-01-12 17:59:46
サーバ: Phoenix
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Posts: 3686
By Phoenix.Amandarius 2016-01-13 19:54:49
"It will only happen if we can have rational, constructive debates. It will only happen if we fix our politics. A better politics doesn't mean we have to agree on everything. This is a big country, with different regions and attitudes and interests. That's one of our strengths, too. But if you disagree with me you are a racist, xenophobic, anti-science hater of women." - Barack Obama (2016 State of the Union Address)
Garuda.Chanti
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Posts: 11402
By Garuda.Chanti 2016-01-13 20:34:46
Wonder what peeps think of this ruling from the court of Strasbourg
Quote: Bosses can snoop on workers' emails including personal messages with loved ones during working hours, the European Court of Human Rights ruled in a case brought by a Romanian man fired after his employer spied on his private Yahoo Inc. chats.
"It is not unreasonable for an employer to want to verify that the employees are completing their professional tasks during working hours," the court in Strasbourg, France, ruled Tuesday.
While the case dates back to 2007, the ruling comes at a time when governments and courts around the world are grappling with how to balance the right to privacy with the need to protect national security in the wake of Islamist terror attacks such as those in Paris last year. The court's decision will also certainly guide the European Union's top tribunal in future cases and rulings, said lawyers.
"This decision is significant for a number of European countries" as it legalizes reliance on private communications to influence workplace decisions, said Michael Burd, joint head of employment at Lewis Silkin in London. "There's been a very strict division between employers' ability to look at private stuff and employers' ability to look at company stuff and this decision will break that down."
"What's significant about this case is that they were allowed to use the content, not simply the fact of using Yahoo," said Burd.
Bogdan Mihai Barbulescu took his case against Romania to the human rights court in 2008, arguing that his employer's decision to end his contract was based on a violation of his rights to respect for his private life and correspondence.
Barbulescu, who worked with his former employer as an engineer in charge of sales from 2004 to 2007, was asked to create a Yahoo Messenger account to answer clients' queries. In July 2007, he was informed that his chats had been monitored over several days, showing he had breached company rules by using the service also privately. A 45-page transcript also included a few messages he had exchanged with his fiancee.
"The employer's monitoring was limited in scope and proportionate" and in addition, the employee hadn't "convincingly explained why he had used the Yahoo messenger account for personal purposes," the European court said. "There is nothing to indicate that the domestic authorities failed to strike a fair balance."
"In my view, the court is taking a very liberal stance," said Tom De Cordier, a lawyer at CMS DeBacker in Brussels. "Employers should be careful not to draw too general conclusions from this decision. Much of the court's decision seems to be based on the fact that the employee had claimed that the relevant communications were of a professional nature."
The ruling highlights the need for workers to beware of the pitfalls of using social media and email at work, said Claire Dawson, an employment lawyer at Slater and Gordon in London.
"Some employers allow for 'reasonable personal use' of company systems," Dawson said. "Others impose a complete ban. The advice to employees is clear: check what your employer's policy is and operate within it." articleThat case would never have made it into court in America.
Here, during working hours, you and your time are company property. Here there is currently an argument on whether your boss can track you in your off hours while you are carrying a company phone.
Garuda.Chanti
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Posts: 11402
By Garuda.Chanti 2016-01-13 21:05:14
Just in case you though Ted Cruz wasn't owned by wall St.
Ted Cruz Didn’t Disclose Loan From Goldman Sachs for His First Senate Campaign
NY Times, so King can ignore it as a biased site.
And because paywall:
Quote: As Ted Cruz tells it, the story of how he financed his upstart campaign for the United States Senate four years ago is an endearing example of loyalty and shared sacrifice between a married couple.
“Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” he says he told his wife, Heidi, who readily agreed.
But the couple’s decision to pump more than $1 million into Mr. Cruz’s successful Tea Party-darling Senate bid in Texas was made easier by a large loan from Goldman Sachs, where Mrs. Cruz works. That loan was not disclosed in campaign finance reports.
Those reports show that in the critical weeks before the May 2012 Republican primary, Mr. Cruz — currently a leading contender for his party’s presidential nomination — put “personal funds” totaling $960,000 into his Senate campaign. Two months later, shortly before a scheduled runoff election, he added more, bringing the total to $1.2 million — “which is all we had saved,” as Mr. Cruz described it in an interview with The New York Times several years ago.
A review of personal financial disclosures that Mr. Cruz filed later with the Senate does not find a liquidation of assets that would have accounted for all the money he spent on his campaign. What it does show, however, is that in the first half of 2012, Ted and Heidi Cruz obtained the low-interest loan from Goldman Sachs, as well as another one from Citibank. The loans totaled as much as $750,000 and eventually increased to a maximum of $1 million before being paid down later that year. There is no explanation of their purpose.
Neither loan appears in reports the Ted Cruz for Senate Committee filed with the Federal Election Commission, in which candidates are required to disclose the source of money they borrow to finance their campaigns. Other campaigns have been investigated and fined for failing to make such disclosures, which are intended to inform voters and prevent candidates from receiving special treatment from lenders. There is no evidence that the Cruzes got a break on their loans.
A spokeswoman for Mr. Cruz’s presidential campaign, Catherine Frazier, acknowledged that the loan from Goldman Sachs, drawn against the value of the Cruzes’ brokerage account, was a source of money for the Senate race. Ms. Frazier added that Mr. Cruz also sold stocks and liquidated savings, but she did not address whether the Citibank loan was used.
The failure to report the Goldman Sachs loan, for as much as $500,000, was “inadvertent,” she said, adding that the campaign would file corrected reports as necessary. Ms. Frazier said there had been no attempt to hide anything.
“These transactions have been reported in one way or another on his many public financial disclosures and the Senate campaign’s F.E.C. filings,” she said.
Kenneth A. Gross, a former election commission lawyer who specializes in campaign finance law, said that listing a bank loan in an annual Senate ethics report — which deals only with personal finances — would not satisfy the requirement that it be promptly disclosed to election officials during a campaign.
“They’re two different reporting regimes,” he said. “The law says if you get a loan for the purpose of funding a campaign, you have to show the original source of the loan, the terms of the loan and you even have to provide a copy of the loan document to the Federal Election Commission.”
There would have been nothing improper about Mr. Cruz obtaining bank loans for his campaign, as long as they were disclosed. But such a disclosure might have conveyed the wrong impression for his candidacy.
Mr. Cruz, a conservative former Texas solicitor general, was campaigning as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington. It is a theme he has carried into his bid for the Republican nomination for president.
Earlier this year, when asked about the political clout of Goldman Sachs in particular, he replied, “Like many other players on Wall Street and big business, they seek out and get special favors from government.”
In recounting the decision to put all of their savings into the campaign, Mr. Cruz said in the 2013 Times interview that Mrs. Cruz immediately agreed to his proposal, even though he was trailing in the polls and still viewed as a long shot against Lt. Gov. David Dewhurst, who spent $24 million of his own money on the race.
“What astonished me, then and now, was Heidi within 60 seconds said, ‘Absolutely,’ with no hesitation,” Mr. Cruz said.
Mrs. Cruz, who is on leave as a managing director at Goldman Sachs, later suggested that the reality was more complicated. She told Politico in 2014 that she thought they should apply “common investment sense” and not use their own money for the campaign “unless it made the difference” in winning. The article did not mention anything about loans from banks.
The money from the Cruzes allowed his campaign to keep running television ads in the period preceding the primary election, including a $300,000 ad buy that highlighted the story of Mr. Cruz’s father’s flight from Cuba in the 1950s after opposing the Batista regime. Mr. Cruz earned enough votes in the primary to qualify for a runoff, where he defeated Mr. Dewhurst and went on to win the general election.
The ethics reports that candidates file with the Senate require them to list all assets they held at the close of the year or that generated income during the year. Assets are reported in broad categories of value, such as $1,001 to $15,000 and $100,001 to $250,000.
Mr. Cruz’s filings show that at the close of 2011, he and his wife had cash and securities in bank, brokerage and retirement accounts worth $1.3 million to $3.4 million. They also had mortgages and a loan against Mr. Cruz’s partnership equity in his law firm. During 2012, they sold securities worth $82,000 to $355,000, and the value of other holdings was reduced by, at most, $155,000.
However, they also added a money-market account with $250,000 to $500,000 in it, and the value of other holdings increased by as much as $435,000. All told, the value of their cash and securities in 2012 saw a net increase of as much as $400,000 — even as the Cruzes were supposedly liquidating everything to finance Mr. Cruz’s Senate campaign.
The biggest change in the Cruzes’ finances in 2012 was the addition of the two bank loans, each valued at $250,000 to $500,000, during the first half of the year. One was a margin loan from Goldman Sachs. Margin loans, which are secured by holdings in a brokerage account, are often used to buy more stocks, but can be obtained for almost any purpose.
The other loan was a line of credit from Citibank. Even if the Citibank loan did not go directly into the Senate campaign, it could have freed up other assets for that purpose. While the Cruzes were well paid — he made more than $1 million a year as a law partner, and she earned a six-figure income as an executive in Goldman Sachs’s Houston office — they also had big bills, including mortgage payments and full-time child care.
Both loans had floating interest rates around 3 percent, according to Mr. Cruz’s Senate disclosures, which appear to be generally in line with rates available to wealthy borrowers at that time.
During the remainder of 2012, the Cruz campaign repaid Mr. Cruz for about half of the money he lent. His Senate disclosures show that he and his wife paid off the Citibank loan that same year. As for the Goldman Sachs loan, it remains outstanding, though the balance has been reduced to between $50,000 and $100,000.
The federal guide to campaign finance reporting for congressional candidates makes it clear that if the original source of money for a candidate’s personal loan was a margin loan or a line of credit, it must be disclosed.
“Bank loans to candidates and loans derived from advances on a candidate’s brokerage accounts, credit cards, home equity line of credit, or other lines of credit obtained for use in connection with his or her campaign must be reported by the committee,” according to the guide.
By Altimaomega 2016-01-13 21:56:07
Wonder what peeps think of this ruling from the court of Strasbourg
Quote: Bosses can snoop on workers' emails including personal messages with loved ones during working hours, the European Court of Human Rights ruled in a case brought by a Romanian man fired after his employer spied on his private Yahoo Inc. chats.
"It is not unreasonable for an employer to want to verify that the employees are completing their professional tasks during working hours," the court in Strasbourg, France, ruled Tuesday.
While the case dates back to 2007, the ruling comes at a time when governments and courts around the world are grappling with how to balance the right to privacy with the need to protect national security in the wake of Islamist terror attacks such as those in Paris last year. The court's decision will also certainly guide the European Union's top tribunal in future cases and rulings, said lawyers.
"This decision is significant for a number of European countries" as it legalizes reliance on private communications to influence workplace decisions, said Michael Burd, joint head of employment at Lewis Silkin in London. "There's been a very strict division between employers' ability to look at private stuff and employers' ability to look at company stuff and this decision will break that down."
"What's significant about this case is that they were allowed to use the content, not simply the fact of using Yahoo," said Burd.
Bogdan Mihai Barbulescu took his case against Romania to the human rights court in 2008, arguing that his employer's decision to end his contract was based on a violation of his rights to respect for his private life and correspondence.
Barbulescu, who worked with his former employer as an engineer in charge of sales from 2004 to 2007, was asked to create a Yahoo Messenger account to answer clients' queries. In July 2007, he was informed that his chats had been monitored over several days, showing he had breached company rules by using the service also privately. A 45-page transcript also included a few messages he had exchanged with his fiancee.
"The employer's monitoring was limited in scope and proportionate" and in addition, the employee hadn't "convincingly explained why he had used the Yahoo messenger account for personal purposes," the European court said. "There is nothing to indicate that the domestic authorities failed to strike a fair balance."
"In my view, the court is taking a very liberal stance," said Tom De Cordier, a lawyer at CMS DeBacker in Brussels. "Employers should be careful not to draw too general conclusions from this decision. Much of the court's decision seems to be based on the fact that the employee had claimed that the relevant communications were of a professional nature."
The ruling highlights the need for workers to beware of the pitfalls of using social media and email at work, said Claire Dawson, an employment lawyer at Slater and Gordon in London.
"Some employers allow for 'reasonable personal use' of company systems," Dawson said. "Others impose a complete ban. The advice to employees is clear: check what your employer's policy is and operate within it." articleThat case would never have made it into court in America.
Here, during working hours, you and your time are company property. Here there is currently an argument on whether your boss can track you in your off hours while you are carrying a company phone.
Guess I am confused here.. Why exactly did this guy not use any other source? If you are dumb enough to not know companies watch and collect everything you do while you are on the clock using their equipment. You deserve what happens.
You always have the choice to not work for them. If more people would stand up for their own privacy regardless of where they are and who they work for maybe this type of thing could be avoided.
Until then always assume you are being watched and recorded
/tinfoil hat on.
[+]
By Altimaomega 2016-01-13 22:06:52
Quote: Just in case you though Ted Cruz wasn't owned by wall St. Random jibberish about some lolLoans...
I am by no means a supporter of Cruz.. But this is just too much. The guy used his own money and took out loans with 3% interest and you want to say he is owned by wall st?
WOW!
[+]
サーバ: Asura
Game: FFXI
Posts: 34187
By Asura.Kingnobody 2016-01-14 00:43:49
Just in case you though Ted Cruz wasn't owned by wall St.
Ted Cruz Didn’t Disclose Loan From Goldman Sachs for His First Senate Campaign
NY Times, so King can ignore it as a biased site.
And because paywall:
Quote: As Ted Cruz tells it, the story of how he financed his upstart campaign for the United States Senate four years ago is an endearing example of loyalty and shared sacrifice between a married couple.
“Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” he says he told his wife, Heidi, who readily agreed.
But the couple’s decision to pump more than $1 million into Mr. Cruz’s successful Tea Party-darling Senate bid in Texas was made easier by a large loan from Goldman Sachs, where Mrs. Cruz works. That loan was not disclosed in campaign finance reports.
Those reports show that in the critical weeks before the May 2012 Republican primary, Mr. Cruz — currently a leading contender for his party’s presidential nomination — put “personal funds” totaling $960,000 into his Senate campaign. Two months later, shortly before a scheduled runoff election, he added more, bringing the total to $1.2 million — “which is all we had saved,” as Mr. Cruz described it in an interview with The New York Times several years ago.
A review of personal financial disclosures that Mr. Cruz filed later with the Senate does not find a liquidation of assets that would have accounted for all the money he spent on his campaign. What it does show, however, is that in the first half of 2012, Ted and Heidi Cruz obtained the low-interest loan from Goldman Sachs, as well as another one from Citibank. The loans totaled as much as $750,000 and eventually increased to a maximum of $1 million before being paid down later that year. There is no explanation of their purpose.
Neither loan appears in reports the Ted Cruz for Senate Committee filed with the Federal Election Commission, in which candidates are required to disclose the source of money they borrow to finance their campaigns. Other campaigns have been investigated and fined for failing to make such disclosures, which are intended to inform voters and prevent candidates from receiving special treatment from lenders. There is no evidence that the Cruzes got a break on their loans.
A spokeswoman for Mr. Cruz’s presidential campaign, Catherine Frazier, acknowledged that the loan from Goldman Sachs, drawn against the value of the Cruzes’ brokerage account, was a source of money for the Senate race. Ms. Frazier added that Mr. Cruz also sold stocks and liquidated savings, but she did not address whether the Citibank loan was used.
The failure to report the Goldman Sachs loan, for as much as $500,000, was “inadvertent,” she said, adding that the campaign would file corrected reports as necessary. Ms. Frazier said there had been no attempt to hide anything.
“These transactions have been reported in one way or another on his many public financial disclosures and the Senate campaign’s F.E.C. filings,” she said.
Kenneth A. Gross, a former election commission lawyer who specializes in campaign finance law, said that listing a bank loan in an annual Senate ethics report — which deals only with personal finances — would not satisfy the requirement that it be promptly disclosed to election officials during a campaign.
“They’re two different reporting regimes,” he said. “The law says if you get a loan for the purpose of funding a campaign, you have to show the original source of the loan, the terms of the loan and you even have to provide a copy of the loan document to the Federal Election Commission.”
There would have been nothing improper about Mr. Cruz obtaining bank loans for his campaign, as long as they were disclosed. But such a disclosure might have conveyed the wrong impression for his candidacy.
Mr. Cruz, a conservative former Texas solicitor general, was campaigning as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington. It is a theme he has carried into his bid for the Republican nomination for president.
Earlier this year, when asked about the political clout of Goldman Sachs in particular, he replied, “Like many other players on Wall Street and big business, they seek out and get special favors from government.”
In recounting the decision to put all of their savings into the campaign, Mr. Cruz said in the 2013 Times interview that Mrs. Cruz immediately agreed to his proposal, even though he was trailing in the polls and still viewed as a long shot against Lt. Gov. David Dewhurst, who spent $24 million of his own money on the race.
“What astonished me, then and now, was Heidi within 60 seconds said, ‘Absolutely,’ with no hesitation,” Mr. Cruz said.
Mrs. Cruz, who is on leave as a managing director at Goldman Sachs, later suggested that the reality was more complicated. She told Politico in 2014 that she thought they should apply “common investment sense” and not use their own money for the campaign “unless it made the difference” in winning. The article did not mention anything about loans from banks.
The money from the Cruzes allowed his campaign to keep running television ads in the period preceding the primary election, including a $300,000 ad buy that highlighted the story of Mr. Cruz’s father’s flight from Cuba in the 1950s after opposing the Batista regime. Mr. Cruz earned enough votes in the primary to qualify for a runoff, where he defeated Mr. Dewhurst and went on to win the general election.
The ethics reports that candidates file with the Senate require them to list all assets they held at the close of the year or that generated income during the year. Assets are reported in broad categories of value, such as $1,001 to $15,000 and $100,001 to $250,000.
Mr. Cruz’s filings show that at the close of 2011, he and his wife had cash and securities in bank, brokerage and retirement accounts worth $1.3 million to $3.4 million. They also had mortgages and a loan against Mr. Cruz’s partnership equity in his law firm. During 2012, they sold securities worth $82,000 to $355,000, and the value of other holdings was reduced by, at most, $155,000.
However, they also added a money-market account with $250,000 to $500,000 in it, and the value of other holdings increased by as much as $435,000. All told, the value of their cash and securities in 2012 saw a net increase of as much as $400,000 — even as the Cruzes were supposedly liquidating everything to finance Mr. Cruz’s Senate campaign.
The biggest change in the Cruzes’ finances in 2012 was the addition of the two bank loans, each valued at $250,000 to $500,000, during the first half of the year. One was a margin loan from Goldman Sachs. Margin loans, which are secured by holdings in a brokerage account, are often used to buy more stocks, but can be obtained for almost any purpose.
The other loan was a line of credit from Citibank. Even if the Citibank loan did not go directly into the Senate campaign, it could have freed up other assets for that purpose. While the Cruzes were well paid — he made more than $1 million a year as a law partner, and she earned a six-figure income as an executive in Goldman Sachs’s Houston office — they also had big bills, including mortgage payments and full-time child care.
Both loans had floating interest rates around 3 percent, according to Mr. Cruz’s Senate disclosures, which appear to be generally in line with rates available to wealthy borrowers at that time.
During the remainder of 2012, the Cruz campaign repaid Mr. Cruz for about half of the money he lent. His Senate disclosures show that he and his wife paid off the Citibank loan that same year. As for the Goldman Sachs loan, it remains outstanding, though the balance has been reduced to between $50,000 and $100,000.
The federal guide to campaign finance reporting for congressional candidates makes it clear that if the original source of money for a candidate’s personal loan was a margin loan or a line of credit, it must be disclosed.
“Bank loans to candidates and loans derived from advances on a candidate’s brokerage accounts, credit cards, home equity line of credit, or other lines of credit obtained for use in connection with his or her campaign must be reported by the committee,” according to the guide.
Tell us what he did that was illegal.
[+]
Bahamut.Ravael
サーバ: Bahamut
Game: FFXI
Posts: 13640
By Bahamut.Ravael 2016-01-14 00:53:32
Just in case you though Ted Cruz wasn't owned by wall St.
Ted Cruz Didn’t Disclose Loan From Goldman Sachs for His First Senate Campaign
NY Times, so King can ignore it as a biased site.
And because paywall:
Quote: As Ted Cruz tells it, the story of how he financed his upstart campaign for the United States Senate four years ago is an endearing example of loyalty and shared sacrifice between a married couple.
“Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” he says he told his wife, Heidi, who readily agreed.
But the couple’s decision to pump more than $1 million into Mr. Cruz’s successful Tea Party-darling Senate bid in Texas was made easier by a large loan from Goldman Sachs, where Mrs. Cruz works. That loan was not disclosed in campaign finance reports.
Those reports show that in the critical weeks before the May 2012 Republican primary, Mr. Cruz — currently a leading contender for his party’s presidential nomination — put “personal funds” totaling $960,000 into his Senate campaign. Two months later, shortly before a scheduled runoff election, he added more, bringing the total to $1.2 million — “which is all we had saved,” as Mr. Cruz described it in an interview with The New York Times several years ago.
A review of personal financial disclosures that Mr. Cruz filed later with the Senate does not find a liquidation of assets that would have accounted for all the money he spent on his campaign. What it does show, however, is that in the first half of 2012, Ted and Heidi Cruz obtained the low-interest loan from Goldman Sachs, as well as another one from Citibank. The loans totaled as much as $750,000 and eventually increased to a maximum of $1 million before being paid down later that year. There is no explanation of their purpose.
Neither loan appears in reports the Ted Cruz for Senate Committee filed with the Federal Election Commission, in which candidates are required to disclose the source of money they borrow to finance their campaigns. Other campaigns have been investigated and fined for failing to make such disclosures, which are intended to inform voters and prevent candidates from receiving special treatment from lenders. There is no evidence that the Cruzes got a break on their loans.
A spokeswoman for Mr. Cruz’s presidential campaign, Catherine Frazier, acknowledged that the loan from Goldman Sachs, drawn against the value of the Cruzes’ brokerage account, was a source of money for the Senate race. Ms. Frazier added that Mr. Cruz also sold stocks and liquidated savings, but she did not address whether the Citibank loan was used.
The failure to report the Goldman Sachs loan, for as much as $500,000, was “inadvertent,” she said, adding that the campaign would file corrected reports as necessary. Ms. Frazier said there had been no attempt to hide anything.
“These transactions have been reported in one way or another on his many public financial disclosures and the Senate campaign’s F.E.C. filings,” she said.
Kenneth A. Gross, a former election commission lawyer who specializes in campaign finance law, said that listing a bank loan in an annual Senate ethics report — which deals only with personal finances — would not satisfy the requirement that it be promptly disclosed to election officials during a campaign.
“They’re two different reporting regimes,” he said. “The law says if you get a loan for the purpose of funding a campaign, you have to show the original source of the loan, the terms of the loan and you even have to provide a copy of the loan document to the Federal Election Commission.”
There would have been nothing improper about Mr. Cruz obtaining bank loans for his campaign, as long as they were disclosed. But such a disclosure might have conveyed the wrong impression for his candidacy.
Mr. Cruz, a conservative former Texas solicitor general, was campaigning as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington. It is a theme he has carried into his bid for the Republican nomination for president.
Earlier this year, when asked about the political clout of Goldman Sachs in particular, he replied, “Like many other players on Wall Street and big business, they seek out and get special favors from government.”
In recounting the decision to put all of their savings into the campaign, Mr. Cruz said in the 2013 Times interview that Mrs. Cruz immediately agreed to his proposal, even though he was trailing in the polls and still viewed as a long shot against Lt. Gov. David Dewhurst, who spent $24 million of his own money on the race.
“What astonished me, then and now, was Heidi within 60 seconds said, ‘Absolutely,’ with no hesitation,” Mr. Cruz said.
Mrs. Cruz, who is on leave as a managing director at Goldman Sachs, later suggested that the reality was more complicated. She told Politico in 2014 that she thought they should apply “common investment sense” and not use their own money for the campaign “unless it made the difference” in winning. The article did not mention anything about loans from banks.
The money from the Cruzes allowed his campaign to keep running television ads in the period preceding the primary election, including a $300,000 ad buy that highlighted the story of Mr. Cruz’s father’s flight from Cuba in the 1950s after opposing the Batista regime. Mr. Cruz earned enough votes in the primary to qualify for a runoff, where he defeated Mr. Dewhurst and went on to win the general election.
The ethics reports that candidates file with the Senate require them to list all assets they held at the close of the year or that generated income during the year. Assets are reported in broad categories of value, such as $1,001 to $15,000 and $100,001 to $250,000.
Mr. Cruz’s filings show that at the close of 2011, he and his wife had cash and securities in bank, brokerage and retirement accounts worth $1.3 million to $3.4 million. They also had mortgages and a loan against Mr. Cruz’s partnership equity in his law firm. During 2012, they sold securities worth $82,000 to $355,000, and the value of other holdings was reduced by, at most, $155,000.
However, they also added a money-market account with $250,000 to $500,000 in it, and the value of other holdings increased by as much as $435,000. All told, the value of their cash and securities in 2012 saw a net increase of as much as $400,000 — even as the Cruzes were supposedly liquidating everything to finance Mr. Cruz’s Senate campaign.
The biggest change in the Cruzes’ finances in 2012 was the addition of the two bank loans, each valued at $250,000 to $500,000, during the first half of the year. One was a margin loan from Goldman Sachs. Margin loans, which are secured by holdings in a brokerage account, are often used to buy more stocks, but can be obtained for almost any purpose.
The other loan was a line of credit from Citibank. Even if the Citibank loan did not go directly into the Senate campaign, it could have freed up other assets for that purpose. While the Cruzes were well paid — he made more than $1 million a year as a law partner, and she earned a six-figure income as an executive in Goldman Sachs’s Houston office — they also had big bills, including mortgage payments and full-time child care.
Both loans had floating interest rates around 3 percent, according to Mr. Cruz’s Senate disclosures, which appear to be generally in line with rates available to wealthy borrowers at that time.
During the remainder of 2012, the Cruz campaign repaid Mr. Cruz for about half of the money he lent. His Senate disclosures show that he and his wife paid off the Citibank loan that same year. As for the Goldman Sachs loan, it remains outstanding, though the balance has been reduced to between $50,000 and $100,000.
The federal guide to campaign finance reporting for congressional candidates makes it clear that if the original source of money for a candidate’s personal loan was a margin loan or a line of credit, it must be disclosed.
“Bank loans to candidates and loans derived from advances on a candidate’s brokerage accounts, credit cards, home equity line of credit, or other lines of credit obtained for use in connection with his or her campaign must be reported by the committee,” according to the guide.
Tell us what he did that was illegal.
He took out a loan from a well-known financial institution. Put a fork in him, his campaign is toast. America is looking for a candidate that borrows money from the shady loan shark in the local strip mall.
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サーバ: Sylph
Game: FFXI
Posts: 2623
By Sylph.Jeanpaul 2016-01-14 01:08:48
Suicide bomber in Instanbul: 10 dead, 15 wounded. It was a syrian IS fighter they're saying.
It's a bit strange considering Turkey is pretty much fighting kurds more than ISIS and has been letting terrorist walk across their border freely to come and go to Syria. Heard the victims were mostly German tourists, and that the bombing was at some historical/religious location or another, I forget. I wonder if they were specifically targeting Europeans to instill some fear in the nations that are more welcoming to refugees.
[+]
サーバ: Bismarck
Game: FFXI
Posts: 33979
By Bismarck.Dracondria 2016-01-14 01:23:18
Lots of explosions in Jakarta and several dead
サーバ: Bismarck
Game: FFXI
Posts: 33979
By Bismarck.Dracondria 2016-01-14 03:10:17
Saying at least 17 dead so far, gunfire and explosions
By Altimaomega 2016-01-14 03:17:03
#workplaceviolence
Valefor.Sehachan
サーバ: Valefor
Game: FFXI
Posts: 24219
By Valefor.Sehachan 2016-01-14 06:03:49
Wonder what peeps think of this ruling from the court of Strasbourg
Quote: Bosses can snoop on workers' emails including personal messages with loved ones during working hours, the European Court of Human Rights ruled in a case brought by a Romanian man fired after his employer spied on his private Yahoo Inc. chats.
"It is not unreasonable for an employer to want to verify that the employees are completing their professional tasks during working hours," the court in Strasbourg, France, ruled Tuesday.
While the case dates back to 2007, the ruling comes at a time when governments and courts around the world are grappling with how to balance the right to privacy with the need to protect national security in the wake of Islamist terror attacks such as those in Paris last year. The court's decision will also certainly guide the European Union's top tribunal in future cases and rulings, said lawyers.
"This decision is significant for a number of European countries" as it legalizes reliance on private communications to influence workplace decisions, said Michael Burd, joint head of employment at Lewis Silkin in London. "There's been a very strict division between employers' ability to look at private stuff and employers' ability to look at company stuff and this decision will break that down."
"What's significant about this case is that they were allowed to use the content, not simply the fact of using Yahoo," said Burd.
Bogdan Mihai Barbulescu took his case against Romania to the human rights court in 2008, arguing that his employer's decision to end his contract was based on a violation of his rights to respect for his private life and correspondence.
Barbulescu, who worked with his former employer as an engineer in charge of sales from 2004 to 2007, was asked to create a Yahoo Messenger account to answer clients' queries. In July 2007, he was informed that his chats had been monitored over several days, showing he had breached company rules by using the service also privately. A 45-page transcript also included a few messages he had exchanged with his fiancee.
"The employer's monitoring was limited in scope and proportionate" and in addition, the employee hadn't "convincingly explained why he had used the Yahoo messenger account for personal purposes," the European court said. "There is nothing to indicate that the domestic authorities failed to strike a fair balance."
"In my view, the court is taking a very liberal stance," said Tom De Cordier, a lawyer at CMS DeBacker in Brussels. "Employers should be careful not to draw too general conclusions from this decision. Much of the court's decision seems to be based on the fact that the employee had claimed that the relevant communications were of a professional nature."
The ruling highlights the need for workers to beware of the pitfalls of using social media and email at work, said Claire Dawson, an employment lawyer at Slater and Gordon in London.
"Some employers allow for 'reasonable personal use' of company systems," Dawson said. "Others impose a complete ban. The advice to employees is clear: check what your employer's policy is and operate within it." articleThat case would never have made it into court in America.
Here, during working hours, you and your time are company property. Here there is currently an argument on whether your boss can track you in your off hours while you are carrying a company phone.
Guess I am confused here.. Why exactly did this guy not use any other source? If you are dumb enough to not know companies watch and collect everything you do while you are on the clock using their equipment. You deserve what happens.
You always have the choice to not work for them. If more people would stand up for their own privacy regardless of where they are and who they work for maybe this type of thing could be avoided.
Until then always assume you are being watched and recorded
/tinfoil hat on. Leaving alone the thing the romanian guy did, I was asking more about the general fact that companies can peep on employees.
I asked since manye people here some weeks ago showed strong opposition to the idea of being spied on.
By fonewear 2016-01-14 07:44:18
Bismarck.Dracondria said: »Lots of explosions in Jakarta and several dead
Mainly the last part of video:
YouTube Video Placeholder
Garuda.Chanti
サーバ: Garuda
Game: FFXI
Posts: 11402
By Garuda.Chanti 2016-01-14 10:22:32
Just in case you though Ted Cruz wasn't owned by wall St.
Ted Cruz Didn’t Disclose Loan From Goldman Sachs for His First Senate Campaign
NY Times, so King can ignore it as a biased site.
And because paywall:
Quote: As Ted Cruz tells it, the story of how he financed his upstart campaign for the United States Senate four years ago is an endearing example of loyalty and shared sacrifice between a married couple.
“Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” he says he told his wife, Heidi, who readily agreed.
But the couple’s decision to pump more than $1 million into Mr. Cruz’s successful Tea Party-darling Senate bid in Texas was made easier by a large loan from Goldman Sachs, where Mrs. Cruz works. That loan was not disclosed in campaign finance reports.
Those reports show that in the critical weeks before the May 2012 Republican primary, Mr. Cruz — currently a leading contender for his party’s presidential nomination — put “personal funds” totaling $960,000 into his Senate campaign. Two months later, shortly before a scheduled runoff election, he added more, bringing the total to $1.2 million — “which is all we had saved,” as Mr. Cruz described it in an interview with The New York Times several years ago.
A review of personal financial disclosures that Mr. Cruz filed later with the Senate does not find a liquidation of assets that would have accounted for all the money he spent on his campaign. What it does show, however, is that in the first half of 2012, Ted and Heidi Cruz obtained the low-interest loan from Goldman Sachs, as well as another one from Citibank. The loans totaled as much as $750,000 and eventually increased to a maximum of $1 million before being paid down later that year. There is no explanation of their purpose.
Neither loan appears in reports the Ted Cruz for Senate Committee filed with the Federal Election Commission, in which candidates are required to disclose the source of money they borrow to finance their campaigns. Other campaigns have been investigated and fined for failing to make such disclosures, which are intended to inform voters and prevent candidates from receiving special treatment from lenders. There is no evidence that the Cruzes got a break on their loans.
A spokeswoman for Mr. Cruz’s presidential campaign, Catherine Frazier, acknowledged that the loan from Goldman Sachs, drawn against the value of the Cruzes’ brokerage account, was a source of money for the Senate race. Ms. Frazier added that Mr. Cruz also sold stocks and liquidated savings, but she did not address whether the Citibank loan was used.
The failure to report the Goldman Sachs loan, for as much as $500,000, was “inadvertent,” she said, adding that the campaign would file corrected reports as necessary. Ms. Frazier said there had been no attempt to hide anything.
“These transactions have been reported in one way or another on his many public financial disclosures and the Senate campaign’s F.E.C. filings,” she said.
Kenneth A. Gross, a former election commission lawyer who specializes in campaign finance law, said that listing a bank loan in an annual Senate ethics report — which deals only with personal finances — would not satisfy the requirement that it be promptly disclosed to election officials during a campaign.
“They’re two different reporting regimes,” he said. “The law says if you get a loan for the purpose of funding a campaign, you have to show the original source of the loan, the terms of the loan and you even have to provide a copy of the loan document to the Federal Election Commission.”
There would have been nothing improper about Mr. Cruz obtaining bank loans for his campaign, as long as they were disclosed. But such a disclosure might have conveyed the wrong impression for his candidacy.
Mr. Cruz, a conservative former Texas solicitor general, was campaigning as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington. It is a theme he has carried into his bid for the Republican nomination for president.
Earlier this year, when asked about the political clout of Goldman Sachs in particular, he replied, “Like many other players on Wall Street and big business, they seek out and get special favors from government.”
In recounting the decision to put all of their savings into the campaign, Mr. Cruz said in the 2013 Times interview that Mrs. Cruz immediately agreed to his proposal, even though he was trailing in the polls and still viewed as a long shot against Lt. Gov. David Dewhurst, who spent $24 million of his own money on the race.
“What astonished me, then and now, was Heidi within 60 seconds said, ‘Absolutely,’ with no hesitation,” Mr. Cruz said.
Mrs. Cruz, who is on leave as a managing director at Goldman Sachs, later suggested that the reality was more complicated. She told Politico in 2014 that she thought they should apply “common investment sense” and not use their own money for the campaign “unless it made the difference” in winning. The article did not mention anything about loans from banks.
The money from the Cruzes allowed his campaign to keep running television ads in the period preceding the primary election, including a $300,000 ad buy that highlighted the story of Mr. Cruz’s father’s flight from Cuba in the 1950s after opposing the Batista regime. Mr. Cruz earned enough votes in the primary to qualify for a runoff, where he defeated Mr. Dewhurst and went on to win the general election.
The ethics reports that candidates file with the Senate require them to list all assets they held at the close of the year or that generated income during the year. Assets are reported in broad categories of value, such as $1,001 to $15,000 and $100,001 to $250,000.
Mr. Cruz’s filings show that at the close of 2011, he and his wife had cash and securities in bank, brokerage and retirement accounts worth $1.3 million to $3.4 million. They also had mortgages and a loan against Mr. Cruz’s partnership equity in his law firm. During 2012, they sold securities worth $82,000 to $355,000, and the value of other holdings was reduced by, at most, $155,000.
However, they also added a money-market account with $250,000 to $500,000 in it, and the value of other holdings increased by as much as $435,000. All told, the value of their cash and securities in 2012 saw a net increase of as much as $400,000 — even as the Cruzes were supposedly liquidating everything to finance Mr. Cruz’s Senate campaign.
The biggest change in the Cruzes’ finances in 2012 was the addition of the two bank loans, each valued at $250,000 to $500,000, during the first half of the year. One was a margin loan from Goldman Sachs. Margin loans, which are secured by holdings in a brokerage account, are often used to buy more stocks, but can be obtained for almost any purpose.
The other loan was a line of credit from Citibank. Even if the Citibank loan did not go directly into the Senate campaign, it could have freed up other assets for that purpose. While the Cruzes were well paid — he made more than $1 million a year as a law partner, and she earned a six-figure income as an executive in Goldman Sachs’s Houston office — they also had big bills, including mortgage payments and full-time child care.
Both loans had floating interest rates around 3 percent, according to Mr. Cruz’s Senate disclosures, which appear to be generally in line with rates available to wealthy borrowers at that time.
During the remainder of 2012, the Cruz campaign repaid Mr. Cruz for about half of the money he lent. His Senate disclosures show that he and his wife paid off the Citibank loan that same year. As for the Goldman Sachs loan, it remains outstanding, though the balance has been reduced to between $50,000 and $100,000.
The federal guide to campaign finance reporting for congressional candidates makes it clear that if the original source of money for a candidate’s personal loan was a margin loan or a line of credit, it must be disclosed.
“Bank loans to candidates and loans derived from advances on a candidate’s brokerage accounts, credit cards, home equity line of credit, or other lines of credit obtained for use in connection with his or her campaign must be reported by the committee,” according to the guide.
Tell us what he did that was illegal. Not reporting the loan to the FEC.
Reporting it elsewhere doesn't count while running a campaign. Were he not running for office at the time no problem. As he was there is a problem.
I know you have better reading comprehension that.
サーバ: Shiva
Game: FFXI
Posts: 20130
By Shiva.Nikolce 2016-01-14 10:38:46
Not reporting the loan to the FEC.
meh...they will probably just ding him with a fine...
サーバ: Asura
Game: FFXI
Posts: 34187
By Asura.Kingnobody 2016-01-14 10:46:31
Not reporting the loan to the FEC.
Reporting it elsewhere doesn't count while running a campaign. Were he not running for office at the time no problem. As he was there is a problem.
I know you have better reading comprehension that. Loan was under his name, not the committee's name.
He borrowed money under his name and then lent the money to the campaign. He reported the money lent to the campaign (the article said so), but he is under no obligation to report the money he borrowed personally. That would be double reporting the same money.
Guide for reporting loans to the FEC.
Again, he did nothing illegal. Only small-minded people would be taken in by an article like that without first thinking it through for themselves....
[+]
Garuda.Chanti
サーバ: Garuda
Game: FFXI
Posts: 11402
By Garuda.Chanti 2016-01-14 13:56:16
Not reporting the loan to the FEC. meh...they will probably just ding him with a fine... Probably.
Loan was under his name, not the committee's name.... He was running for office. The committee wasn't.
I will follow your link later.
Siren.Mosin
By Siren.Mosin 2016-01-14 15:11:21
GOP debate tonight, getting pumped. I'm going to drink every time someone lies.
[+]
Valefor.Sehachan
サーバ: Valefor
Game: FFXI
Posts: 24219
By Valefor.Sehachan 2016-01-14 15:14:03
I'll go ahead and call the ambulance.
[+]
By Ramyrez 2016-01-14 15:18:55
I'll go ahead and call the ambulance.
"Shouldn't you guys be out saving people?"
"Oh, we're totally going to be needed here. Give it about 40 minutes."
Bahamut.Ravael
サーバ: Bahamut
Game: FFXI
Posts: 13640
By Bahamut.Ravael 2016-01-14 15:30:35
GOP debate tonight, getting pumped. I'm going to drink every time someone lies.
Training your body for the Sunday debate?
サーバ: Asura
Game: FFXI
Posts: 34187
By Asura.Kingnobody 2016-01-14 15:37:54
Loan was under his name, not the committee's name.... He was running for office. The committee wasn't.
I will follow your link later. Thanks Chanti.
Your post singlehandedly proved that you don't know anything about the electoral process.
Protip: Look up 501(c)(4).
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