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2025-01-25
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jsbet No matter how much a financial system is fortified against scams, there is always a fraudster, a conman, or a swindler aiming to game that system. Financial crimes, a la white-collar crimes, are committed, interestingly, by those working closely with the system or those having the innate skill to justify the art through the framework of ‘fraud triangle’, that is in the terms of opportunity, incentive and rationalization. Scams, mainly the pecuniary ones, involve conduct of dishonest practices leading to perversion, depravity and debasement of the entire morals of the social fabric. Financial scandals, like any other scandal, have a story of their own and, of course, the denouement. The truth of the scandals appears to be a drama at times, and at times an enthralling thriller. Vijay Narayan Govind, in his book Fraudster Tales, promises to tell select 10 true stories of financial scams, spread across centuries and continents, and in his own words, “these frauds were significant enough at the time to send major ripples through the systems they challenged, with many of them serving as the catalyst for key legal and regulatory reforms.” The book introduces 10 swindlers, each with their own story of fraud in a separate chapter with a suitable story-title to it. In Govind’s fraudster tales, Hegestratos’s tale emerges as the ‘First Fraudster’, circa 300 BCE, in Athens. He, along with his crime partner Zenosthemis, working as ship merchants, planned to steal the cargos, sink the vessel, and con the vessel’s insurers of shipload of valuable goods through enforcement of the clauses of bottomry and respondentia contracts. However, the plans went awry due to the alert captain and crew members and Hegestratos jumped and drowned himself in the sea. Zenosthemis was arrested, tried and imprisoned in Athens for a long time. The author picks stories, random perhaps, from Athens and other countries, including India. Haridas Mundhra in the tale of ‘The Great Investor’ and Natwarlal in ‘The Master Manipulator’ are the two Indians figuring in the book. The Mundhra scandal, first of its kind in independent India, not only was embroiled with the stock markets and financial institutions but was an expose of the wicked nexus between political party, bureaucracy, ministers and business class, perhaps a prototype of ‘crony capitalism’. The conman Mudhra duped Life Insurance Company (LIC) by forging share certificates, using them as collateral for loans, and amassing huge loans to the tune of Rs 15.60 crore by the mid of 1957. It was Feroz Gandhi, the law maker, who brought this scam to public attention that led to nationalization of LIC, resignation of TT Krishnamachari – then finance minister, indictment of finance secretary and some senior LIC officials, and, of course, sentencing of Haridas Mundhra to 22 years in prison. In the Mithilesh Kumar alias Natwarlal’s case, the story, though intriguing, is simple. From forging signatures and withdrawing money from banks, he graduated to nefarious crimes such as decamping cash from merchants and siphoning off goods from the cargo areas while using more than 50 aliases. Natwarlal even sold, impersonating himself as government official, the Taj Mahal thrice, the Red Fort twice, and the Rashtrapati Bhawan and Parliament once. He had developed this shrewd art of escaping prison, and one heard him saying quite often that ‘no jail is enough to hold me for too long’. Then, there is a story of how an expert William Chaloner counterfeited coins, notes, and lottery tickets, in the 1600s, but finally got caught by Sir Issac Newton, and sent to gallows for he was guilty of multiple currency frauds. Hugh Cameron’s story is about his conspiracy to cheat Royal British Banks and its customers, eventually which led to the Bank’s collapse. However, in due course, it triggered major legislative reforms in the corporate governance systems in Britain. Oscar Hartzell, a brazen rook, in another story, swindled millions of dollars from investors in a popularly known Sir Francis Drake estate scam. Another story, rather smutty and historical, called the ‘necklace scandal’, involves one French noble woman Jeanne de valois as the key conspirator. It became one of the scandals that led to French Revolution. US major Enron bankruptcy, led by Kenneth Lay, and the Ponzi scheme by Charles Ponzi, the two white-collar financial crimes, rocked the financial systems in the US. The 10 tales are fun, and a riveting read and, in the tales, the readers would find themselves in the murky world of scandals. The criminals of the stories have two things in common, one they dreamt of becoming filthy rich in a trice, and when caught they tried to justify that all is done in good faith, and second, all of them are caught and punished, which the author seems to lay down as the moral of the book.WEST PALM BEACH, Fla. — President-elect Donald Trump said Saturday that he wants real estate developer Charles Kushner , father of Trump’s son-in-law Jared Kushner, to serve as ambassador to France. Trump made the announcement in a Truth Social post, calling Charles Kushner “a tremendous business leader, philanthropist, & dealmaker." Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former White House senior adviser to Trump who is married to Trump’s eldest daughter, Ivanka. The elder Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Charles Kushner arrives July 20, 2022, for the funeral of Ivana Trump in New York. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was cooperating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to Kushner's own sister, the man’s wife, prosecutors said. Kushner eventually pleaded guilty to 18 counts including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison — the most he could receive under a plea deal, but less than what Chris Christie, the U.S. attorney for New Jersey at the time and later governor and Republican presidential candidate, sought. Christie blamed Jared Kushner for his firing from Trump’s transition team in 2016, and called Charles Kushner’s offenses “one of the most loathsome, disgusting crimes that I prosecuted when I was U.S. attorney.” Trump and the elder Kushner knew each other from real estate circles and their children were married in 2009. Among President-elect Donald Trump's picks are Susie Wiles for chief of staff, Florida Sen. Marco Rubio for secretary of state, former Democratic House member Tulsi Gabbard for director of national intelligence and Florida Rep. Matt Gaetz for attorney general. Susie Wiles, 67, was a senior adviser to Trump's 2024 presidential campaign and its de facto manager. Trump named Florida Sen. Marco Rubio to be secretary of state, making a former sharp critic his choice to be the new administration's top diplomat. Rubio, 53, is a noted hawk on China, Cuba and Iran, and was a finalist to be Trump's running mate on the Republican ticket last summer. Rubio is the vice chairman of the Senate Intelligence Committee and a member of the Senate Foreign Relations Committee. “He will be a strong Advocate for our Nation, a true friend to our Allies, and a fearless Warrior who will never back down to our adversaries,” Trump said of Rubio in a statement. The announcement punctuates the hard pivot Rubio has made with Trump, whom the senator called a “con man" during his unsuccessful campaign for the 2016 GOP presidential nomination. Their relationship improved dramatically while Trump was in the White House. And as Trump campaigned for the presidency a third time, Rubio cheered his proposals. For instance, Rubio, who more than a decade ago helped craft immigration legislation that included a path to citizenship for people in the U.S. illegally, now supports Trump's plan to use the U.S. military for mass deportations. Pete Hegseth, 44, is a co-host of Fox News Channel’s “Fox & Friends Weekend” and has been a contributor with the network since 2014, where he developed a friendship with Trump, who made regular appearances on the show. Hegseth lacks senior military or national security experience. If confirmed by the Senate, he would inherit the top job during a series of global crises — ranging from Russia’s war in Ukraine and the ongoing attacks in the Middle East by Iranian proxies to the push for a cease-fire between Israel, Hamas and Hezbollah and escalating worries about the growing alliance between Russia and North Korea. Hegseth is also the author of “The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free,” published earlier this year. Trump tapped Pam Bondi, 59, to be attorney general after U.S. Rep. Matt Gaetz withdrew his name from consideration. She was Florida's first female attorney general, serving between 2011 and 2019. She also was on Trump’s legal team during his first impeachment trial in 2020. Considered a loyalist, she served as part of a Trump-allied outside group that helped lay the groundwork for his future administration called the America First Policy Institute. Bondi was among a group of Republicans who showed up to support Trump at his hush money criminal trial in New York that ended in May with a conviction on 34 felony counts. A fierce defender of Trump, she also frequently appears on Fox News and has been a critic of the criminal cases against him. Trump picked South Dakota Gov. Kristi Noem, a well-known conservative who faced sharp criticism for telling a story in her memoir about shooting a rambunctious dog, to lead an agency crucial to the president-elect’s hardline immigration agenda. Noem used her two terms leading a tiny state to vault to a prominent position in Republican politics. South Dakota is usually a political afterthought. But during the COVID-19 pandemic, Noem did not order restrictions that other states had issued and instead declared her state “open for business.” Trump held a fireworks rally at Mount Rushmore in July 2020 in one of the first large gatherings of the pandemic. She takes over a department with a sprawling mission. In addition to key immigration agencies, the Department of Homeland Security oversees natural disaster response, the U.S. Secret Service, and Transportation Security Administration agents who work at airports. The governor of North Dakota, who was once little-known outside his state, Burgum is a former Republican presidential primary contender who endorsed Trump, and spent months traveling to drum up support for him, after dropping out of the race. Burgum was a serious contender to be Trump’s vice presidential choice this summer. The two-term governor was seen as a possible pick because of his executive experience and business savvy. Burgum also has close ties to deep-pocketed energy industry CEOs. Trump made the announcement about Burgum joining his incoming administration while addressing a gala at his Mar-a-Lago club, and said a formal statement would be coming the following day. In comments to reporters before Trump took the stage, Burgum said that, in recent years, the power grid is deteriorating in many parts of the country, which he said could raise national security concerns but also drive up prices enough to increase inflation. “There's just a sense of urgency, and a sense of understanding in the Trump administration,” Burgum said. Robert F. Kennedy Jr. ran for president as a Democrat, than as an independent, and then endorsed Trump . He's the son of Democratic icon Robert Kennedy, who was assassinated during his own presidential campaign. The nomination of Kennedy to lead the Department of Health and Human Services alarmed people who are concerned about his record of spreading unfounded fears about vaccines . For example, he has long advanced the debunked idea that vaccines cause autism. Scott Bessent, 62, is a former George Soros money manager and an advocate for deficit reduction. He's the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation’s first openly gay treasury secretary. He told Bloomberg in August that he decided to join Trump’s campaign in part to attack the mounting U.S. national debt. That would include slashing government programs and other spending. “This election cycle is the last chance for the U.S. to grow our way out of this mountain of debt without becoming a sort of European-style socialist democracy,” he said then. Oregon Republican U.S. Rep. Lori Chavez-DeRemer narrowly lost her reelection bid this month, but received strong backing from union members in her district. As a potential labor secretary, she would oversee the Labor Department’s workforce, its budget and put forth priorities that impact workers’ wages, health and safety, ability to unionize, and employer’s rights to fire employers, among other responsibilities. Chavez-DeRemer is one of few House Republicans to endorse the “Protecting the Right to Organize” or PRO Act would allow more workers to conduct organizing campaigns and would add penalties for companies that violate workers’ rights. The act would also weaken “right-to-work” laws that allow employees in more than half the states to avoid participating in or paying dues to unions that represent workers at their places of employment. Scott Turner is a former NFL player and White House aide. He ran the White House Opportunity and Revitalization Council during Trump’s first term in office. Trump, in a statement, credited Turner, the highest-ranking Black person he’s yet selected for his administration, with “helping to lead an Unprecedented Effort that Transformed our Country’s most distressed communities.” Sean Duffy is a former House member from Wisconsin who was one of Trump's most visible defenders on cable news. Duffy served in the House for nearly nine years, sitting on the Financial Services Committee and chairing the subcommittee on insurance and housing. He left Congress in 2019 for a TV career and has been the host of “The Bottom Line” on Fox Business. Before entering politics, Duffy was a reality TV star on MTV, where he met his wife, “Fox and Friends Weekend” co-host Rachel Campos-Duffy. They have nine children. A campaign donor and CEO of Denver-based Liberty Energy, Write is a vocal advocate of oil and gas development, including fracking — a key pillar of Trump’s quest to achieve U.S. “energy dominance” in the global market. Wright also has been one of the industry’s loudest voices against efforts to fight climate change. He said the climate movement around the world is “collapsing under its own weight.” The Energy Department is responsible for advancing energy, environmental and nuclear security of the United States. Wright also won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump’s first term. President-elect Donald Trump tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump promised to dismantle. McMahon led the Small Business Administration during Trump’s initial term from 2017 to 2019 and twice ran unsuccessfully as a Republican for the U.S. Senate in Connecticut. She’s seen as a relative unknown in education circles, though she expressed support for charter schools and school choice. She served on the Connecticut Board of Education for a year starting in 2009 and has spent years on the board of trustees for Sacred Heart University in Connecticut. Brooke Rollins, who graduated from Texas A&M University with a degree in agricultural development, is a longtime Trump associate who served as White House domestic policy chief during his first presidency. The 52-year-old is president and CEO of the America First Policy Institute, a group helping to lay the groundwork for a second Trump administration. She previously served as an aide to former Texas Gov. Rick Perry and ran a think tank, the Texas Public Policy Foundation. Trump chose Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for commerce secretary, a position in which he'd have a key role in carrying out Trump's plans to raise and enforce tariffs. Trump made the announcement Tuesday on his social media platform, Truth Social. Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration. Both are tasked with putting forward candidates for key roles in the next administration. The nomination would put Lutnick in charge of a sprawling Cabinet agency that is involved in funding new computer chip factories, imposing trade restrictions, releasing economic data and monitoring the weather. It is also a position in which connections to CEOs and the wider business community are crucial. Doug Collins is a former Republican congressman from Georgia who gained recognition for defending Trump during his first impeachment trial, which centered on U.S. assistance for Ukraine. Trump was impeached for urging Ukraine to investigate Joe Biden in 2019 during the Democratic presidential nomination, but he was acquitted by the Senate. Collins has also served in the armed forces himself and is currently a chaplain in the United States Air Force Reserve Command. "We must take care of our brave men and women in uniform, and Doug will be a great advocate for our Active Duty Servicemembers, Veterans, and Military Families to ensure they have the support they need," Trump said in a statement about nominating Collins to lead the Department of Veterans Affairs. Karoline Leavitt, 27, was Trump's campaign press secretary and currently a spokesperson for his transition. She would be the youngest White House press secretary in history. The White House press secretary typically serves as the public face of the administration and historically has held daily briefings for the press corps. Leavitt, a New Hampshire native, was a spokesperson for MAGA Inc., a super PAC supporting Trump, before joining his 2024 campaign. In 2022, she ran for Congress in New Hampshire, winning a 10-way Republican primary before losing to Democratic Rep. Chris Pappas. Leavitt worked in the White House press office during Trump's first term before she became communications director for New York Republican Rep. Elise Stefanik, Trump's choice for U.S. ambassador to the United Nations. Former Hawaii Rep. Tulsi Gabbard has been tapped by Trump to be director of national intelligence, keeping with the trend to stock his Cabinet with loyal personalities rather than veteran professionals in their requisite fields. Gabbard, 43, was a Democratic House member who unsuccessfully sought the party's 2020 presidential nomination before leaving the party in 2022. She endorsed Trump in August and campaigned often with him this fall. “I know Tulsi will bring the fearless spirit that has defined her illustrious career to our Intelligence Community,” Trump said in a statement. Gabbard, who has served in the Army National Guard for more than two decades, deploying to Iraq and Kuwait, would come to the role as somewhat of an outsider compared to her predecessor. The current director, Avril Haines, was confirmed by the Senate in 2021 following several years in a number of top national security and intelligence positions. Trump has picked John Ratcliffe, a former Texas congressman who served as director of national intelligence during his first administration, to be director of the Central Intelligence Agency in his next. Ratcliffe was director of national intelligence during the final year and a half of Trump's first term, leading the U.S. government's spy agencies during the coronavirus pandemic. “I look forward to John being the first person ever to serve in both of our Nation's highest Intelligence positions,” Trump said in a statement, calling him a “fearless fighter for the Constitutional Rights of all Americans” who would ensure “the Highest Levels of National Security, and PEACE THROUGH STRENGTH.” Trump has chosen former New York Rep. Lee Zeldin to serve as his pick to lead the Environmental Protection Agency . Zeldin does not appear to have any experience in environmental issues, but is a longtime supporter of the former president. The 44-year-old former U.S. House member from New York wrote on X , “We will restore US energy dominance, revitalize our auto industry to bring back American jobs, and make the US the global leader of AI.” “We will do so while protecting access to clean air and water,” he added. During his campaign, Trump often attacked the Biden administration's promotion of electric vehicles, and incorrectly referring to a tax credit for EV purchases as a government mandate. Trump also often told his audiences during the campaign his administration would “Drill, baby, drill,” referring to his support for expanded petroleum exploration. In a statement, Trump said Zeldin “will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet.” Trump has named Brendan Carr, the senior Republican on the Federal Communications Commission, as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband. Carr is a longtime member of the commission and served previously as the FCC’s general counsel. He has been unanimously confirmed by the Senate three times and was nominated by both Trump and President Joe Biden to the commission. Carr made past appearances on “Fox News Channel," including when he decried Democratic Vice President Kamala Harris' pre-Election Day appearance on “Saturday Night Live.” He wrote an op-ed last month defending a satellite company owned by Trump supporter Elon Musk. Rep. Elise Stefanik is a representative from New York and one of Trump's staunchest defenders going back to his first impeachment. Elected to the House in 2014, Stefanik was selected by her GOP House colleagues as House Republican Conference chair in 2021, when former Wyoming Rep. Liz Cheney was removed from the post after publicly criticizing Trump for falsely claiming he won the 2020 election. Stefanik, 40, has served in that role ever since as the third-ranking member of House leadership. Stefanik’s questioning of university presidents over antisemitism on their campuses helped lead to two of those presidents resigning, further raising her national profile. If confirmed, she would represent American interests at the U.N. as Trump vows to end the war waged by Russia against Ukraine begun in 2022. He has also called for peace as Israel continues its offensive against Hamas in Gaza and its invasion of Lebanon to target Hezbollah. President-elect Donald Trump says he's chosen former acting Attorney General Matt Whitaker to serve as U.S. ambassador to NATO. Trump has expressed skepticism about the Western military alliance for years. Trump said in a statement Wednesday that Whitaker is “a strong warrior and loyal Patriot” who “will ensure the United States’ interests are advanced and defended” and “strengthen relationships with our NATO Allies, and stand firm in the face of threats to Peace and Stability.” The choice of Whitaker as the nation’s representative to the North Atlantic Treaty Organization is an unusual one, given his background is as a lawyer and not in foreign policy. Trump will nominate former Arkansas Gov. Mike Huckabee to be ambassador to Israel. Huckabee is a staunch defender of Israel and his intended nomination comes as Trump has promised to align U.S. foreign policy more closely with Israel's interests as it wages wars against the Iran-backed Hamas and Hezbollah. “He loves Israel, and likewise the people of Israel love him,” Trump said in a statement. “Mike will work tirelessly to bring about peace in the Middle East.” Huckabee, who ran unsuccessfully for the Republican presidential nomination in 2008 and 2016, has been a popular figure among evangelical Christian conservatives, many of whom support Israel due to Old Testament writings that Jews are God’s chosen people and that Israel is their rightful homeland. Trump has been praised by some in this important Republican voting bloc for moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. Trump on Tuesday named real estate investor Steven Witkoff to be special envoy to the Middle East. The 67-year-old Witkoff is the president-elect's golf partner and was golfing with him at Trump's club in West Palm Beach, Florida, on Sept. 15, when the former president was the target of a second attempted assassination. Witkoff “is a Highly Respected Leader in Business and Philanthropy,” Trump said of Witkoff in a statement. “Steve will be an unrelenting Voice for PEACE, and make us all proud." Trump also named Witkoff co-chair, with former Georgia Sen. Kelly Loeffler, of his inaugural committee. Trump said Wednesday that he will nominate Gen. Keith Kellogg to serve as assistant to the president and special envoy for Ukraine and Russia. Kellogg, a retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as National Security Advisor to Trump's former Vice President Mike Pence. For the America First Policy Institute, one of several groups formed after Trump left office to help lay the groundwork for the next Republican administration, Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” (AP Photo/Mariam Zuhaib) Trump asked Rep. Michael Waltz, R-Fla., a retired Army National Guard officer and war veteran, to be his national security adviser, Trump announced in a statement Tuesday. The move puts Waltz in the middle of national security crises, ranging from efforts to provide weapons to Ukraine and worries about the growing alliance between Russia and North Korea to the persistent attacks in the Middle East by Iran proxies and the push for a cease-fire between Israel and Hamas and Hezbollah. “Mike has been a strong champion of my America First Foreign Policy agenda,” Trump's statement said, "and will be a tremendous champion of our pursuit of Peace through Strength!” Waltz is a three-term GOP congressman from east-central Florida. He served multiple tours in Afghanistan and also worked in the Pentagon as a policy adviser when Donald Rumsfeld and Robert Gates were defense chiefs. He is considered hawkish on China, and called for a U.S. boycott of the 2022 Winter Olympics in Beijing due to its involvement in the origin of COVID-19 and its mistreatment of the minority Muslim Uighur population. Stephen Miller, an immigration hardliner , was a vocal spokesperson during the presidential campaign for Trump's priority of mass deportations. The 39-year-old was a senior adviser during Trump's first administration. Miller has been a central figure in some of Trump's policy decisions, notably his move to separate thousands of immigrant families. Trump argued throughout the campaign that the nation's economic, national security and social priorities could be met by deporting people who are in the United States illegally. Since Trump left office in 2021, Miller has served as the president of America First Legal, an organization made up of former Trump advisers aimed at challenging the Biden administration, media companies, universities and others over issues such as free speech and national security. Thomas Homan, 62, has been tasked with Trump’s top priority of carrying out the largest deportation operation in the nation’s history. Homan, who served under Trump in his first administration leading U.S. Immigration and Customs Enforcement, was widely expected to be offered a position related to the border, an issue Trump made central to his campaign. Though Homan has insisted such a massive undertaking would be humane, he has long been a loyal supporter of Trump's policy proposals, suggesting at a July conference in Washington that he would be willing to "run the biggest deportation operation this country’s ever seen.” Democrats have criticized Homan for his defending Trump's “zero tolerance” policy on border crossings during his first administration, which led to the separation of thousands of parents and children seeking asylum at the border. Dr. Mehmet Oz, 64, is a former heart surgeon who hosted “The Dr. Oz Show,” a long-running daytime television talk show. He ran unsuccessfully for the U.S. Senate as the Republican nominee in 2022 and is an outspoken supporter of Trump, who endorsed Oz's bid for elected office. Elon Musk, left, and Vivek Ramaswamy speak before Republican presidential nominee former President Donald Trump at an Oct. 27 campaign rally at Madison Square Garden in New York. Trump on Tuesday said Musk and former Republican presidential candidate Ramaswamy will lead a new “Department of Government Efficiency" — which is not, despite the name, a government agency. The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. Trump said Musk and Ramaswamy will work from outside the government to offer the White House “advice and guidance” and will partner with the Office of Management and Budget to “drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.” He added the move would shock government systems. It's not clear how the organization will operate. Musk, owner of X and CEO of Tesla and SpaceX, has been a constant presence at Mar-a-Lago since Trump won the presidential election. Ramaswamy suspended his campaign in January and threw his support behind Trump. Trump said the two will “pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.” Russell Vought held the position during Trump’s first presidency. After Trump’s initial term ended, Vought founded the Center for Renewing America, a think tank that describes its mission as “renew a consensus of America as a nation under God.” Vought was closely involved with Project 2025, a conservative blueprint for Trump’s second term that he tried to distance himself from during the campaign. Vought has also previously worked as the executive and budget director for the Republican Study Committee, a caucus for conservative House Republicans. He also worked at Heritage Action, the political group tied to The Heritage Foundation, a conservative think tank. Dan Scavino, deputy chief of staff Scavino, whom Trump's transition referred to in a statement as one of “Trump's longest serving and most trusted aides,” was a senior adviser to Trump's 2024 campaign, as well as his 2016 and 2020 campaigns. He will be deputy chief of staff and assistant to the president. Scavino had run Trump's social media profile in the White House during his first administration. He was also held in contempt of Congress in 2022 after a month-long refusal to comply with a subpoena from the House committee’s investigation into the Jan. 6, 2021, attack on the U.S. Capitol. James Blair, deputy chief of staff Blair was political director for Trump's 2024 campaign and for the Republican National Committee. He will be deputy chief of staff for legislative, political and public affairs and assistant to the president. Blair was key to Trump's economic messaging during his winning White House comeback campaign this year, a driving force behind the candidate's “Trump can fix it” slogan and his query to audiences this fall if they were better off than four years ago. Taylor Budowich, deputy chief of staff Budowich is a veteran Trump campaign aide who launched and directed Make America Great Again, Inc., a super PAC that supported Trump's 2024 campaign. He will be deputy chief of staff for communications and personnel and assistant to the president. Budowich also had served as a spokesman for Trump after his presidency. William McGinley, White House counsel McGinley was White House Cabinet secretary during Trump's first administration, and was outside legal counsel for the Republican National Committee's election integrity effort during the 2024 campaign. In a statement, Trump called McGinley “a smart and tenacious lawyer who will help me advance our America First agenda, while fighting for election integrity and against the weaponization of law enforcement.” Jay Bhattacharya, National Institutes of Health Trump has chosen Dr. Jay Bhattacharya to lead the National Institutes of Health. Bhattacharya is a physician and professor at Stanford University School of Medicine, and is a critic of pandemic lockdowns and vaccine mandates. He promoted the idea of herd immunity during the pandemic, arguing that people at low risk should live normally while building up immunity to COVID-19 through infection. The National Institutes of Health funds medical research through competitive grants to researchers at institutions throughout the nation. NIH also conducts its own research with thousands of scientists working at its labs in Bethesda, Maryland. Jamieson Greer, U.S. trade representative Kevin Hassett, Director of the White House National Economic Council Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team. He announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the White House National Economic Council. While Trump has in several cases nominated outsiders to key posts, these picks reflect a recognition that his reputation will likely hinge on restoring the public’s confidence in the economy. Trump said in a statement that Greer was instrumental in his first term in imposing tariffs on China and others and replacing the trade agreement with Canada and Mexico, “therefore making it much better for American Workers.” Hassett, 62, served in the first Trump term as chairman of the Council of Economic Advisers. He has a doctorate from the University of Pennsylvania and worked at the right-leaning American Enterprise Institute before joining the Trump White House in 2017. Stay up-to-date on the latest in local and national government and political topics with our newsletter.



Voters say a house divided on abortion can stand — for now

The Latest: Former President Jimmy Carter is dead at age 100By Prince Charles Dickson The Latin axiom “Corruptissima re publica plurimae leges” rings painfully true for Nigeria. It translates to “the more corrupt the state, the more numerous the laws.” This adage seems to encapsulate the nation’s convoluted legal landscape, a labyrinth of statutes that often serve as tools for manipulation rather than instruments of justice. Nigeria, a nation blessed with abundant resources, has been plagued by endemic corruption for decades. This scourge has permeated every facet of society, from government institutions to the private sector. However, the problem isn’t merely the absence of ethical conduct; it’s also the overabundance of laws that are frequently ignored or selectively enforced. The Nigerian legal system is a complex web of statutes, regulations, and by-laws. The sheer volume of legislation can be overwhelming, even for legal professionals. So, let me address just one concern: our tax laws. The Nigerian government’s recent push for tax reform has ignited a firestorm of controversy, with proposed tax bills threatening to further burden an already struggling populace. The core of the issue lies in the perceived excessive taxation and the potential for increased government overreach. At the heart of the debate are several key bills, including the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill. These bills aim to overhaul Nigeria’s tax system, with proponents arguing that they will modernize the system and boost government revenue. However, critics contend that these measures will disproportionately impact the middle class and small businesses, further stifling economic growth. One of the most contentious aspects of the proposed reforms is the expansion of the tax net to include previously exempt sectors and individuals. This has raised concerns about the government’s ability to effectively monitor and enforce these new taxes, potentially leading to increased corruption and bureaucratic inefficiency. Additionally, the proposed establishment of a new tax authority, the Nigeria Revenue Service, has sparked fears of increased surveillance and potential abuses of power. The timing of these proposed reforms has also come under scrutiny, with many arguing that they are ill-timed given the current economic climate. With rising inflation, unemployment, and poverty rates, many Nigerians fear that additional tax burdens will further erode their purchasing power and exacerbate social unrest. Meanwhile, sometime last week, a military convoy had an altercation with a civilian driving and overtaking. Whatever the real story was, the civilian was brutalized. Nigerians then went ahead especially those justifying the military right to brutality to reel out laws— Overtaking Military Convoy: Consequences Under Nigerian Law Overtaking a military convoy is a serious offense in Nigeria, punishable under various laws. This article examines the consequences of overtaking a military convoy under Nigerian law. Relevant Laws The Armed Forces Act (AFA) 2004: Section 119 prohibits obstructing or interfering with military operations, including convoys. The Road Traffic Act 2004: Section 35 prohibits reckless driving, including overtaking military convoys. The National Security Agencies Act 2004: Section 15 empowers security agencies to take necessary actions to maintain national security. Consequences of overtaking military convoy · Arrest and Detention: Security personnel may arrest and detain anyone who overtakes a military convoy. · Prosecution: Offenders may be prosecuted under the AFA, Road Traffic Act, or National Security Agencies Act. · Imprisonment: Conviction may result in imprisonment for up to 5 years (AFA) or 2 years (Road Traffic Act). · Fine: Offenders may be fined up to ₦50,000 (AFA) or ₦20,000 (Road Traffic Act). · Vehicle Confiscation: The vehicle used to overtake the convoy may be confiscated. · Tort Liability: Offenders may be liable for damages or injuries caused to military personnel or equipment. Court Rulings In Aoku v. State (2017), the Court of Appeal upheld a 5-year imprisonment sentence for overtaking a military convoy. Precautions to avoid consequences: Exercise caution when approaching military convoys; maintain a safe distance; follow traffic rules and regulations; avoid reckless driving. Overtaking a military convoy is a serious offense in Nigeria, carrying severe consequences under various laws. It is essential to exercise caution and respect military operations to avoid prosecution and punishment. Apart from the precautions everything in the piece is at best hogwash, some of those laws don’t even exist, but sadly it speaks to the legal proliferation I am referring to which leads to several unintended consequences. The nation suffers legal uncertainty as a result of conflicting laws. The sheer number of laws often leads to inconsistencies and contradictions, creating confusion and uncertainty for citizens and businesses alike. These laws have plenty overlapping jurisdictions and multiple agencies may have overlapping regulatory authority, leading to bureaucratic hurdles and delays. Whether it is LASTMA or FRSC and federal and local roads, or it is sharia or canon law. With selective enforcement, law enforcement agencies may prioritize certain laws over others, leading to selective justice and undermining the rule of law. These laws open the doors for corruption and abuse of power, as opportunities for bribery and extortion, corrupt officials to demand bribes or extort money from citizens and businesses. Leaving rooms open for Impunity for the Powerful as wealthy and influential can often use their connections to circumvent the law or delay legal proceedings. The sheer volume of laws can make it difficult to hold public officials accountable for their actions. Sometimes in corruption cases when citizens hear the judgments passed you wonder under which law. Do I need to emphasize how these laws stifle innovation and entrepreneurship, hindering economic growth, as a result of these regulatory burdens with red-tape, bureaucratic hurdles and delays that discourage foreign investment and hinder domestic businesses, we hardly make progress. All these laws make it difficult for businesses to plan and invest, leading to economic stagnation. When laws are not enforced or are selectively applied, citizens lose faith in the legal system and the government, leading to erosion of public trust, cynicism and distrust. Whether it is a tax law, or a traffic law, our laws need simplification and codification, we need to combine overlapping and contradictory laws into a more streamlined and coherent legal framework. There is need for loads of review and repeal by identifying outdated and unnecessary laws to reduce the regulatory burden. Currently, there is no effective enforcement. There is need to strengthen law enforcement agencies, with the resources and training they need to enforce the law effectively. Ensuring independence of the judiciary and protecting judges from political interference is paramount. Then we need robust accountability mechanisms to hold public officials accountable for their actions. Let me add that half of the problems of these laws are lack of public participation. Involve citizens in the law-making process to ensure that laws reflect their needs and concerns. Promote legal literacy to empower citizens to understand their rights and responsibilities, because just as the proposed tax bills have ignited a fierce debate across various sectors of Nigerian society, with civil society organizations, labor unions, and business groups voicing their concerns. The government continues to push for these reforms, the truth is that you cannot strike a balance between generating revenue and ensuring that the tax burden is distributed fairly and equitably with a populace that does not know what the law is about. By addressing the root causes of the problem, Nigeria can break free from the cycle of corruption and create a more just and equitable society. The path to progress lies in simplifying the legal framework, strengthening law enforcement, and fostering a culture of accountability and transparency, will Nigeria win these legal cycles—only time will tell. * Dr Dickson, a peace practitioner and policy analyst, writes from Jos, Plateau State. XXXHere Are the Best Black Friday Deals of 2024 That Are Still Live, Including Nintendo Switch, Meta Quest, PS5DIY investor platforms accused of bending law

Brock Purdy participated in the start of Thursday's practice with the 49ers but the San Francisco starting quarterback was not on the field for the majority of the workout, casting doubt over his availability to play Sunday at Green Bay. Purdy is dealing with a right shoulder injury and the 49ers are also potentially without left tackle Trent Williams and Nick Bosa due to injuries. Bosa was listed as out of Thursday's practice with an oblique injury. Williams also didn't suit up Thursday. He played through an ankle injury last week after being listed as questionable. Purdy's typical Thursday post-practice media session was scrapped until Friday as the 49ers did not make any quarterback available. Kyle Allen would step in for Purdy as the starter if he can't play against the Packers. Run game coordinator Chris Foerster said the 49ers aren't where they want to be at 5-5 because they haven't won close games, not because of injuries. "Seven games left is like an eternity," Foerster said. "So much can happen. Do the math. What was our record last year? It was 12-5. I was on a 13-win team that was nowhere near as good as the team last year." With or without Purdy, Foerster said the challenge for the 49ers is not to give up the ball to a defense that has 19 takeaways. The 49ers have 13 giveaways this season. --Field Level MediaAfter-hours movers: HPE, lululemon, Ulta Beauty, Docusign and more

Reykjavik, Iceland, Dec 1 (AP) Icelanders voted to elect a new parliament Saturday after disagreements over immigration, energy policy and the economy forced Prime Minister Bjarni Benediktsson to pull the plug on his coalition government and call an early election. All polling stations managed to open despite fierce weather in the sub-Arctic nation that left roads in many areas blocked by snow. Ballot-counting began after polls closed at 10 pm local time (2200GMT), with results expected early Sunday. Also Read | Bangladesh: ISKCON Claims Arrest of 2 More Monks, Ranganath Das Brahmachari and Chinmoy Krishna Das' Assistant Adipurush Shyamdas Without Warrant Amid Row. This is Iceland's sixth general election since the 2008 financial crisis devastated the economy of the North Atlantic island nation and ushered in a new era of political instability. Opinion polls suggested the country could be in for another upheaval, with support for the three governing parties plunging. Benediktsson, who was named prime minister in April following the resignation of his predecessor, struggled to hold together the unlikely coalition of his conservative Independence Party with the centrist Progressive Party and the Left-Green Movement. Also Read | Gautam Adani Breaks Silence on US Fraud Charges, Says 'Every Attack Makes Us Stronger, Every Obstacle Becomes Stepping Stone for More Resilient Adani Group'. “My expectation is like, something new (is) going to happen, hopefully," said Hörður Guðjónsson, voting in the capital, Reykjavik. “We always have had these old parties taking care of things. I hope we see the light now to come in with a younger people, new ideas.” Iceland, a nation of about 400,000 people, is proud of its democratic traditions, describing itself as arguably the world's oldest parliamentary democracy. The island's parliament, the Althingi, was founded in 930 by the Norsemen who settled the country. How does the election work? Voters are choosing 63 members of the Althingi in an election that will allocate seats both by regional constituencies and proportional representation. Parties need at least 5 per cent of the vote to win seats in parliament. Eight parties were represented in the outgoing parliament, and 10 parties are contesting this election. Turnout is traditionally high by international standards, with 80 per cent of registered voters casting ballots in the 2021 parliamentary election. Why now? A windswept island near the Arctic Circle, Iceland normally holds elections during the warmer months of the year. But Benediktsson decided on Oct 13 that his coalition couldn't last any longer, and he asked President Halla Tómasdóttir to dissolve the Althingi. "The weakness of this society is that we have no very strong party and we have no very strong leader of any party," said Vilhjálmur Bjarnason a former member of parliament. “We have no charming person with a vision ... That is very difficult for us.” Despite the electoral headwinds, Benediktsson expressed confidence that his Independence Party could emerge on top. “It was an uphill battle for my party, initially, but as we moved on into the election campaign, I think things started to turn our way and I feel that this will be a very exciting election day,” he said. Why is Iceland's politics so fractured? The splintering of Iceland's political landscape came after the 2008 financial crisis, which prompted years of economic upheaval after the country's debt-swollen banks collapsed. The crisis led to anger and distrust of the parties that had traditionally traded power back and forth, and prompted the creation of new parties ranging from the environment focused Left-Green Alliance to the Pirate Party, which advocates direct democracy and individual freedoms. “This is one of the consequences of the economic crash,' said Eva H Önnudóttir, a professor of political science at the University of Iceland. “It's just the changed landscape. Parties, especially the old parties, have maybe kind of been hoping that we would go back to how things were before, but that's not going to happen.” What are the issues? Like many Western countries, Iceland has been buffeted by the rising cost of living and immigration pressures. Inflation peaked at an annual rate of 10.2 per cent in February 2023, fuelled by the fallout from the COVID-19 pandemic and Russia's full-scale invasion of Ukraine in February 2022. While inflation slowed to 5.1 per cent in October, that is still high compared with neighbouring countries. The US inflation rate stood at 2.6 per cent last month, while the European Union's rate was 2.3 per cent. Iceland is also struggling to accommodate a rising number of asylum-seekers, creating tensions within the small, traditionally homogenous country. The number of immigrants seeking protection in Iceland jumped to more than 4,000 in each of the past three years, compared with a previous average of less than 1,000. What about the volcano? Repeated eruptions of a volcano in the southwestern part of the country have displaced thousands of people and strained public finances. One year after the first eruption forced the evacuation of the town of Grindavik, many residents still don't have secure housing, leading to complaints that the government has been slow to respond. But it also added to a shortage of affordable housing exacerbated by Iceland's tourism boom. Young people are struggling to get a foot on the housing ladder at a time when short-term vacation rentals have reduced the housing stock available for locals, Önnudóttir said. “The housing issue is becoming a big issue in Iceland,' she said. (AP) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

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The Grocery Shopping Tip To Always Follow When Grabbing PerishablesLimited again, 49ers QB Brock Purdy still fighting sore shoulderExcelsior Correspondent JAMMU, Dec 29: To strengthen their campaign further to aware masses about the ill effects of Cardiovascular Diseases, Head Department of Cardiology GMCH Jammu Dr Sushil Sharma conducted a day long cardiac awareness cum health check up camp in collaboration with Sikh Unity Forum Poonch, Rahul Dravid Cricket Academy and Committee of Char Sahibzade at Sports Stadium with more emphasis on physical activity to reduce the cardiac mortality and morbidity. While interacting with the people Dr Sushil Stated that Young athletes face numerous physical and mental challenges as they strive to excel in their sports. “While physical activity generally promotes cardiovascular health, certain underlying conditions can pose significant risks, sometimes leading to Sudden Cardiac Arrest (SCA). Cardiovascular conditions in young athletes are rare but often serious, requiring a proactive approach to prevention, detection, and management. Several cardiovascular conditions can affect young athletes, ranging from structural abnormalities to electrical disorders. Hypertrophic Cardiomyopathy (HCM) is one of the most common and serious conditions, characterized by abnormal thickening of the heart muscle that can obstruct blood flow. Another ,critical condition is congenital coronary artery anomalies, where abnormal coronary artery development can restrict blood flow during exertion,” he said. Dr Sharma elaborated that electrical abnormalities, such as long QT syndrome and Wolff-Parkinson-White (WPW) syndrome, disrupt the heart’s normal rhythm, increasing the risk of life-threatening arrhythmias. Additionally, myocarditis, an inflammation of the heart muscle often caused by viral infections, can lead to sudden cardiac arrests, especially during intense physical activity. While these conditions can be asymptomatic, they may also manifest as warning signs, including chest pain, fainting, or palpitations during exercise. Participation in sports offers young athletes numerous physical, mental, and social benefits. However, underlying heart conditions can pose significant risks, potentially leading to serious outcomes like Sudden Cardiac Arrest (SCA). While these events are rare, prevention and early detection are essential to ensuring the safety of young athletes, he said. Others who were part of this camp include Dr Parvez Khan (CMO Poonch), Dr Shahbaz Khan, Dr Pallavi Sharma and Dr Amarpreet Singh. Paramedics and volunteers include Rajkumar, Rahul Vaid, Rohit Nayyar, Vikas Kumar, Rajinder Singh, Gourav Sharma, Amnish Datta, Paramveer Singh, Harsh Bali, Ritik Sharma, Shaida Parveen, Rubina, Basharat Anjum, Anil Sharma, Sumit Sharma, Ajit Pal Singh,Vikram Sharma, Droub Sharma, Randhir Singh and Nirvair Singh Bali.

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