#yass — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #yass, aggregated by home.social.
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Our town of #Yass has a new #Library -
https://youtu.be/-KWtC43yHtc -
My alt-right boys in leather folder has two pictures in it. I'm not saying anything is wrong with it, it's just weird that it happened twice...
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Yass Valley Council proposes raising rates by 40-58pc as it deals with multimillion-dollar deficit
The Yass Valley Council has deferred a vote on a rate increase of between 40 and 58 per…
#NewsBeep #News #Business #ACT #AU #Australia #Canberra #chiefexecutive #council #councillors #increase #localstories #mayor #millions #nsw #rates #Savings #Yass
https://www.newsbeep.com/au/280968/ -
Some love for our #ArtDeco theatre in #Yass - https://youtu.be/fPvjIS410vA
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My father in law is 95 years old. He has a pacemaker and is prone to dizzy spells. Recently, he had his #nsw driver's licence renewed for two years. Today, he and my mother in law are driving back home from the Gold Coast, some 1,100km back to #Yass. I've tried everything to have his licence taken away because he is a shit driver. Apparently, there's nothing that can be done while he passes his driving test...
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If you happen to be near #Yass on Tuesday 29 April
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TT flip flop benefits conservative billionaire donor, Yass.
#TikTok #Billionaire #Yass #Corruption
https://www.politico.com/news/2024/03/14/trump-tiktok-billionaire-donors-00146892 -
Fourteen years ago, Congress set out to remedy a basic unfairness in the tax code.
The tax that funds Medicare, because it’s aimed mainly at wages, hits even the poorest American workers.
But the wealthy could easily avoid paying their share.
So lawmakers created a new type of Medicare tax to capture the kinds of income the rich often enjoy:
interest, dividends and capital gains from investments.❌ A host of billionaires
— sports team owners, oil barons, Wall Street traders and others
— have managed to avoid paying it, ProPublica found.To study who was actually paying the new tax, ProPublica analyzed its trove of IRS data containing information on thousands of the wealthiest Americans.
We identified 17 people who, in the first six years of the law, 2013 through 2018,
💥each shielded at least $1 billion in capital gains from the tax.Together, this small group, by collectively exempting more than $35 billion, saved about $1.3 billion in taxes.
Most members of the group were able to sidestep the tax because of a huge gap written into the law,
which allows owners to exempt gains from the sale of their businesses.They include #Donald #Sterling, the disgraced former NBA team owner who avoided the tax when he sold the Los Angeles Clippers to Steve Ballmer for $2 billion in 2014
But others eluded the tax in ways that raise questions about how the law is being enforced.
One clear target of the new tax was investment professionals who rack up capital gains.
Yet ProPublica found examples in the IRS data of financiers who claimed outsize profits but did not pay the tax.
Tax experts contacted by ProPublica said they couldn’t think of a legitimate reason why those individuals were exempt.
#Lynn #Tilton, a hard-charging private equity manager,
who has been dubbed the “diva” of distressed asset investing,
is one example.The biggest avoider of the new tax in the data was #Jeff #Yass, the Republican megadonor who sits atop one of the most profitable trading firms in the world
https://www.propublica.org/article/billionaires-net-investment-income-tax -
Solar farm and 4-hour big battery get green light in NSW, after seven years in the pipeline
The 250 MW solar farm and 4-hour 150 MW battery energy storage system will go ahead after finally winning state government approval.
The Gunning solar farm is being developed by Canadian Solar in Lade Vale, around 12km south-west of the township of Gunning and 40km east of Yass, on land largely cleared for cattle grazing
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Trump has long made a practice of telling potential supporters what they want to hear.
This year, he has also changed previous policy positions in ways that would benefit some of his party’s largest donors.
In March, for example, he publicly reversed course on forcing the sale of the Chinese-owned social-media app TikTok,
despite having signed an executive order,
in August, 2020,
stating his intention to ban the app if it was not sold to a U.S.-based buyer within forty-five days.Back then, Trump warned that a Chinese company owning so much of Americans’ personal data was a national-security threat.
But this winter, when the Biden Administration endorsed a bipartisan bill to force TikTok’s sale,
Trump came out against the measure.On Truth Social, he wrote,
“If you get rid of TikTok, Facebook and Zuckerschmuck”
—his derogatory name for Facebook’s C.E.O., Mark Zuckerberg
—“will double their business.”#Steve #Bannon, Trump’s former adviser, posted another explanation for the about-face:
“Simple: Yass Coin.”Days earlier, at an event in Florida for the conservative group Club for Growth,
Trump had met with #Jeff #Yass, a major investor in TikTok’s parent company, ByteDance.Yass, a libertarian-leaning Wall Street billionaire who started out as a professional poker player,
has not officially endorsed Trump or donated directly to him.Instead, he has given more than $25 million to the "Club for Growth" pac, which is supporting the ex-President’s reëlection.
(According to OpenSecrets, Yass and his wife have contributed more than $70 million to conservative candidates and causes this election cycle.)
Yass also appears to have had a hand in Trump’s personal enrichment.
This spring, the company behind Truth Social merged with Digital World Acquisition Corp.,
a company in which Yass’s trading firm, Susquehanna,
was the single largest institutional investor.Truth Social went public in March, and Trump’s majority stake in the company is now worth an estimated $3 billion.
Perhaps the most striking example of the former President’s donor-friendly flexibility in 2024 has been his shift on the #cryptocurrency industry.
In recent years, he was unambiguously critical of bitcoin,
the most widely traded digital currency,
saying it
“seems like a scam” and “potentially a disaster waiting to happen.”But, in 2024, he became an unapologetic promoter of it, attracting contributions from major players in the field,
such as the twin brothers #Cameron and #Tyler #Winklevoss,
each of whom donated $1 million in bitcoin to help Trump.The former rowing stars who famously sued Zuckerberg, their classmate at Harvard, for allegedly stealing the idea for Facebook,
went on to found the cryptocurrency exchange Gemini.(In a speech this summer, Trump called them “male models with a big, beautiful brain.”)
This year’s Republican Party platform offers few details on many policy issues affecting Americans,
but it is unusually specific on crypto,
promising to
“defend the right to mine Bitcoin”
and opposing the creation of a
“Central Bank digital currency,”
which could threaten the crypto industry’s biggest investors.In July, Trump flew to Nashville for the Bitcoin 2024 conference,
where he spoke shortly after one of his top fund-raisers,
#Howard #Lutnick.Lutnick, the C.E.O. of the Wall Street firm Cantor Fitzgerald, has become a leading public proponent of the crypto industry;
at the conference, he announced a plan to lend $2 billion to crypto investors,
allowing them to use bitcoin as collateral.
Onstage, Trump said that his Administration would permit the creation of so-called #stablecoins,
which, he promised, would
“extend the dominance of the U.S. dollar to new frontiers around the world.”Trump also promised to fire 🔸Gary Gensler, Biden’s chairman of the Securities and Exchange Commission,
whose pro-regulatory positions on crypto have outraged bitcoiners.The United States, Trump vowed, “will be the crypto capital of the planet.”
Lutnick, who has known Trump for thirty years and who once made a guest appearance on “The Celebrity Apprentice,”
supported Trump’s previous campaigns.But he has significantly increased his giving in 2024.
According to Bloomberg, Lutnick and his wife donated $30,200 to Republicans in 2016
(though he also gave $1 million to Trump’s 2017 Inauguration committee),
$1.3 million in 2020,
and $12.1 million so far this year.In May, during the former President’s trial in Manhattan, Lutnick hosted a fund-raiser for him at Lutnick’s apartment in the Pierre hotel.
In early August, he held another event at his forty-acre estate in Bridgehampton, which brought in $15 million; seats for a roundtable with Trump in Lutnick’s dining room went for $250,000.
The following Monday, maga Inc., a pro-Trump super pac, recorded a $5-million donation from Lutnick,
the largest individual political gift he’d ever made. -
Ready for a weekend of #Irish music in #Yass https://youtu.be/hNyO6qbtC78
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Havia oblidat aqueixa foto per complet XD
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The Corrupt Trifecta of #Yass, #Trump, and #Netanyahu
Who’s Jeff Yass… ? He is a prominent Republican donor and investor in #TikTok's parent company, #ByteDance, has significant connections to pro-Israel causes. He has contributed over $16 million to groups advocating for militaristic U.S. policies in the Middle East and supporting Israel, including a notable $7.9 million to Jerusalem Online University. Yass is also a primary funder of the #Kohelet Policy Forum, which promotes right-wing policies in #Israel, including settlement expansion and legislative changes that undermine democratic checks and balances. Activists have criticized his influence on both U.S. and Israeli politics, linking his funding to efforts that stifle criticism of Israeli policies and promote right-wing agendas.
https://www.bloomberg.com/news/features/2024-06-24/jeff-yass-how-tiktok-billionaire-became-a-top-influence-in-2024-election or https://archive.is/3hQYo
See also:
The Corrupt Trifecta of #Yass, #Trump, and #Netanyahu https://prospect.org/blogs-and-newsletters/tap/2024-03-27-corrupt-trifecta-yass-trump-netanyahu/
GOP Megadonor Is Funding Far-Right Israeli Think Tank https://theintercept.com/2023/02/16/israel-jeff-yass-kohelet/
TikTok investor Jeff Yass wants to shape US foreign policy too https://responsiblestatecraft.org/jeff-yass/
Philly activists target billionaire Jeffrey Yass over his connections to ... https://mondoweiss.net/2021/09/philly-activists-target-billionaire-jeffrey-yass-over-his-connections-to-israeli-apartheid
@israel
@palestine
#IsraelWarCrimes #IsraelOccupation
#harriswalz2024 -
Local council takes on $50 million in debt, Crago Mill - #Yass #NSW
https://youtu.be/u18MF2ShiGA -
Libertarian convention devolves into fighting, obscenities on eve of Trump’s visit
"I would like to propose that we go tell Donald Trump to go fuck himself!” Kaelan #Dreyer, a Libertarian from New Mexico, yelled into a microphone, winning cheers from the crowd.
After shouting vulgarities at the convention’s chair and fending off punches, he was led out of the convention hall.The raucous opening to the convention reflects the pockets of hostility that Trump faces as he appeals to the Libertarians to help him box out a growing, third-party threat from Kennedy’s independent presidential campaign.
“The vast majority of Libertarian Party members are not happy with this invitation,” said Bill #Redpath, a 40-year veteran of the Libertarian Party and a former national party chair who’s helped organize their presidential ballot access for decades.
“There are some people who call Trump the most Libertarian president of our lifetimes.
That’s utterly ridiculous.”Suburban Philadelphia options trader Jeff #Yass, a libertarian and one of the GOP’s biggest donors, who was not in attendance at the convention,
said it was “unclear” whether Trump could make inroads with libertarian voters.
Yass, who bankrolled an effort to stop Trump from winning the Republican nomination and financed several of his primary opponents, has said he doesn’t plan to contribute to Trump, but will vote for him.“He has some libertarian instincts for sure. Anti-war is big,” said Yass, "But anti-immigrant, anti-free trade are not good"
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Billionaire Jeff Yass linked to $16m in donations to anti-Muslim and pro-Israel groups
Top Republican donor and TikTok investor #Jeff #Yass is connected to over $16m in funding to
anti-Muslim and pro-Israel groups that have
advocated for a US war with Iran and other militaristic policies in the Middle East.Media reports on Yass, the billionaire co-founder of Susquehanna International Group,
a trading and technology firm, have focused on
his outsized role in the Republican Party,
👉to which he is now the largest political donor in the 2024 election cycle, contributing more than $46mthus far.Yass has also emerged as the biggest funder of a group targeting progressive representative #Summer #Lee in her primary race, [She won 👍]
suggesting an interest in influencing Democratic primary outcomes, not just in boosting Republicans. -
Republican megadonor #Jeff #Yass and his inner circle have given tens of millions of dollars in recent years to shape federal policy, education and legal matters, according to records reviewed by CNBC.
The Yass-run foundations have been seeded with hundreds of millions from the billionaire, his wife and others linked to Susquehanna International Group.
Many of the contributions are to groups advocate for policies that would benefit Yass, his business and those close to him, experts who reviewed the foundations’ giving data explained
https://www.cnbc.com/2024/04/09/jeff-yass-millions-to-influence-schools-courts-and-markets.html -
#JeffYass’s firm holds a 2% stake in #DWAC &, considering its other assets, can afford some hits as long as #Yass gets to own the libs.
On #TrumpMedia’s end, its current board of directors is hardly lacking in wealth, or loyalty: The CEO is fmr Rep #DevinNunes, & his teammates include #DonaldTrumpJr + fmr #Trump admin members #KashPatel, #RobertLighthizer, & Linda McMahon (as in, yes, the wife of embattled wrestling magnate Vince McMahon).
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As a “publicly-traded candidate,” Trump is a clear and present danger to national security
In 2021, the Boston Globe editorial board asked:
♦️“Who owns the president?”♦️It’s a shame that the business press and political press aren’t exploring that question in light of Friday’s Truth Social multi-billion dollar merger.
Instead, the headlines read like something straight from PR Newswire:
• “Trump poised for billions” (BBC)
• “Trump could score $3.5 billion…” (CBS)
• “Trump is about to get $3 billion…” (CNN)
• “Trump stands to make $3.5 billion…” (Fortune)
• “Trump is on the verge of a windfall of billions” (NPR) and
• “Trump Is In Line for a $3.5 Million Windfall...”plus “Trump Makes a New Fortune… (WSJ).
Friday was the last business day before Donald Trump’s deadline to post a $454 million bond if he wants to appeal his loss in New York civil fraud case.
He was found guilty of “inflating property values and lying about assets to receive loans and reduce taxes.”
Eric Trump told Sunday Morning Futures on FOX that all potential bondsmen he talked to “were laughing.
They were laughing… they want to bankrupt him.”The Daily Beast reported last week that New York Attorney General Letitia James has “quietly filed judgments … against the former president, his eldest sons Don Jr. and Eric, and several of their companies.”
Notably (or suspiciously), on Friday a special purpose acquisition (SPAC) company, Digital World Acquisition Corp. ( #DWAC ), agreed to merge with Trump’s social media network, Truth Social.
The merger takes Trump Media & Technology Group ( #TMTG ) public.
Trump holds more than 50 percent of the post-merger venture;
on paper, that’s an estimated $3.5 billion.The merged venture will trade under the symbol “DJT.”
Why might DWAC’s shareholders be wary?
In 1995, “Trump Hotels and Casino Resorts used the same stock ticker [DJT] when it went public,” according to NBC News.
That deal did not go well for stockholders.🔸Trump Hotels and Casino Resorts lost money “every year under Trump’s leadership” (1995 to 2009).
Stock price peaked at $35;---> its low was $0.17.
The Washington Post reported in 2016 that the company lost more than a billion 🔸dollars.
(A billion in 2009 would be $1.5 billion today.)🔸Trump got a $5 million bonus “the year the company’s stock plummeted 70 percent.”
🔸Not unlike Trump Hotels and Casino Resorts, TMTG lost $49 million during the first nine months of 2023.
Half of those losses occurred in the third quarter.And yet.
Billionaire Wall Street financier and “Republican megadonor”
💥#Jeff #Yass 💥is DWAC’s biggest institutional shareholder,
with a 2% stake via Susquehanna International Group, his trading firm.What was the impact of the TMTG merger announcement on DWAC stock?
On 23 January 2024, it had hit a 52-week-high of $58.72 per share.
It fell to $44.20 before the shareholder vote.
DWAC shares closed trading Friday afternoon at $36.94 per share,
👉a 37% drop from its peak. -
How GOP Megadonor #Jeffrey #Yass Can Clean Up on #TikTok’s Forced Sale
The Pennsylvania billionaire has former TikTok detractors backing off a ban, but he’ll be sitting pretty if a US takeover happens.
A top Republican donor, Yass publicly discouraged Trump from running in the 2024 election. Yass initially supported Florida Governor Ron #DeSantis before spreading his bets between Vivek #Ramaswamy, Chris #Christie, and Tim #Scott.
But as Trump once again steamrolled his primary competitors, Yass reached out and ♦️asked him to speak at a retreat for a powerful right-wing business PAC♦️, the #Club #for #Growth, which has pulled in $61 million in donations from Yass since 2010.
The Club for Growth also happens to be employing former Trump adviser Kellyanne #Conway to lobby on behalf of TikTok on Capitol Hill.
The retreat seemed to go exactly as planned.
Trump praised Yass as “fantastic,” and he emerged as a critic of a TikTok ban. “If you get rid of TikTok, #Facebook and #Zuckerschmuck will double their business,” Trump posted last week on Truth Social.
“I don’t want Facebook, who cheated in the last Election, doing better. They are a true Enemy of the People!”
Yass, meanwhile, is now a certified Trump crony.
The 68-year-old is the richest man in Pennsylvania, with an estimated fortune of about $28 billion derived from options trading and venture-capital investments
—including a sizable interest in TikTok.Local politicos and activist groups have long faced off against Yass and his bottomless war chest in fights over education, social welfare, and unions.
Arielle Klagsbrun, deputy campaign director at the Action Center on Race & the Economy ( #ACRE ), described Yass as a “next generation #Koch brother…someone who is rigging the rules to privatize our schools while also not paying his fair share of taxes.”
“His disdain for teachers’ unions, in particular, is profound,” said Klagsbrun, characterizing Yass’s influence as “corporate #authoritarianism in our democracy.”
ACRE is pressing Pennsylvania elected officials to refuse to take money from Yass in the 2024 cycle.
https://www.thenation.com/article/society/how-tiktok-funder-jeffrey-yass-can-clean-up-on-the-apps-forced-sale/ -
Trump, Zuckerberg, Musk, Greenberg, Yass, TikTok—dozens of far-flung narratives are suddenly coming together as Trump seeks a new surety bond to avoid ruin. As we learn more about the Trump-Evan Greenberg alliance represented by Trump’s shocking $91.63 million bond deal with Greenberg’s Chubb, Trump’s plan to quickly secure a much larger bond is emerging."
~ Seth Abramson
#Trump #Zuckerberg #Musk #Greenberg #Chubb #Yass #TikTok
https://sethabramson.substack.com/p/breaking-news-trump-zuckerberg-musk
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Trump’s TikTok reversal suggests his China policy is for sale
Earlier this month, #Trump spoke at a conference of the influential conservative organization #Club #for #Growth, after a request by its main benefactor and Republican megadonor #Jeff #Yass, and announced an end to his feud with the group.
Yass’s firm, notably, has a stake in #ByteDance worth more than $20 billion.Yass’s offer of a détente is of direct benefit to Trump and his campaign, as 👉the Club for Growth is now expected to spend millions in the 2024 cycle in support of Trump.
That could relieve the financial burden on the former president, who owes more than $400 million in legal penalties. His campaign is reportedly operating on a shoestring budget.
The China committee’s top Democrat, Rep. Raja Krishnamoorthi (Ill.), told me he believes Trump is increasingly making important policy decisions based on his own economic benefit, including in the TikTok case.https://www.washingtonpost.com/opinions/2024/03/11/trump-tiktok-donor-china-foreign-policy/
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"Many have pointed out the curious timing of [Trump's] reversal [on TikTok], which he announced soon after he met with Jeff Yass. Yass is a hedge fund manager, Republican megadonor, and the holder of a significant stake in ByteDance, which is now fighting tooth and nail against Congress’s efforts to limit or ban the app and reduce its significant influence on the public."
~ Joe Perticone
Short story: Trump needs money and is for sale.
#Trump #TikTok #Yass #JeffYass
https://plus.thebulwark.com/p/trump-tiktok-flip-flop-flummoxes
