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Monday, Jun 15th

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CFTC leaders exit as Trump pick prepares to take helm

cftcIn a series of departures announced in a matter of weeks, the agency’s entire top rung is set to turn over as Brian Quintenz, President Trump’s nominee for CFTC chair, prepares to take the reins.

Commissioners Summer Mersinger and Christy Goldsmith Romero both plan to depart by the end of the week, while fellow Commissioner Kristin Johnson has said she will leave “later this year.”

Acting CFTC Chair Caroline Pham has promised to remain at the agency until Quintenz is confirmed, at which time she too will depart. The commission, which typically has five members, has been short one person since former Chair Rostin Behnam stepped down in January.

The relatively low-profile agency is expected to play a key role in regulating the digital asset market alongside the Securities and Exchange Commission (SEC).

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Five skiers found dead in mountains near Swiss luxury resort

5 Swiss skiers found dead

The bodies of five skiers have been found in the mountains near Switzerland’s luxury resort of Zermatt, police said.

A helicopter was sent to survey the area around the Rimpfischhorn after climbers alerted authorities to abandoned skis near the summit on Saturday.

“The bodies of five people were quickly found,” Swiss police said, adding that authorities had opened an investigation and were working on identifying the victims.

The Rimpfischhorn is a 4,199-metre (13,776-foot) mountain that lies east of Zermatt, near the Italian border, and is popular with backcountry skiers.

The aviation firm Air Zermatt said it flew a rescue mission to the site on Saturday afternoon where it found the bodies of the victims.

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George Floyd’s legacy under siege as racial justice efforts lose ground, memorials removed

george FloydFive years after her nephew’s murder, what Angela Harrelson misses most is hearing her phone buzz and knowing he was calling.

“He would call me and say, ‘What's up, auntie? Just calling to check on you,’ ” Harrelson said. “And it made me feel so good.”

Harrelson affectionately refers to her nephew by his middle name, Perry, but the world knows him as George Floyd.

In 2020, millions watched in horror as former Minneapolis police officer Derek Chauvin pinned Floyd beneath his knee for 9 minutes and 29 seconds. The murder sparked a massive outpouring of grief and anger as protesters took to the streets with handcrafted signs echoing some of his last words, "I can't breathe." Amid violent clashes with police, they pressed on. Artists adorned their cities with his image, a sign of resolve and the impact of his death.

The intersection where Floyd took his last breaths was transformed from a gas station and corner store into a living memorial. Now that the chaos and media frenzy have settled, Harrelson visits the area − known as George Floyd Square − several times a week.

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Crypto investor in New York charged in kidnapping and torture plot

crypto investor arrested

A cryptocurrency investor was arraigned in Manhattan criminal court on Saturday morning and charged with kidnapping an Italian man and then beating and torturing him for several weeks, allegedly to extract cryptocurrency passwords.

The 37-year-old crypto investor, John Woeltz, was arrested on Friday after allegedly torturing the man in a swanky home in the upscale Manhattan neighborhood of Soho. The victim reportedly escaped the five-story home on Friday and sought help from the police, who later arrested Woeltz.

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Mahmoud Khalil blocked from holding son for first time by Ice, lawyers say

Mahmoud Khalil

Mahmoud Khalil, the detained Columbia University graduate and Palestinian activist, was not allowed to hold his newborn son after Immigration and Customs Enforcement (Ice) officials refused to allow a contact visit between him and his family, his lawyers said on Wednesday.

Instead, Khalil, 30, was forced to meet his month-old baby for the first time behind glass, after his wife, Noor Abdalla, traveled from New York to the Louisiana detention facility where he has been detained since March, his legal team said.

Ice officials and a private prison contractor denied the family’s request for a contact visit, citing the detention center’s no-contact visitation policy and unspecified “security concerns”, lawyers said.

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Venezuela frees US Air Force veteran considered wrongfully detained

Air force vet freedA United States Air Force veteran detained for several months in Venezuela was released Tuesday, according to a family statement.

Joseph St. Clair, who the U.S. government has said was wrongfully detained in the South American country, was handed over to U.S. President Donald Trump’s envoy for special missions, Richard Grenell. The family said St. Clair, who had served four tours in Afghanistan, was detained in November.

“This news came suddenly, and we are still processing it, but we are overwhelmed with joy and gratitude,” St. Clair's parents, Scott and Patti, said in a statement.

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Trump administration says 5.3 million student loan borrowers will have wages garnished this summer

Student borrowers to have wages garnishedThe Department of Education under President Donald Trump began sending notices to the first of millions of Americans with past-due federal student loans that they will see their wages garnished in just a few months. The news comes the week that the Trump administration begins to send millions of defaulted borrowers into collections.

The garnishments will happen in waves, with the first borrowers seeing the pay deductions in early June. Monday, the Education Department started sending 30-day notices to around 195,000 defaulted borrowers to notify them that they will be subject to the Treasury Offset Program, which collects past-due debts owed to state and federal agencies. Under this program, Treasury can withhold money including tax refunds, wages, Social Security payments, and disability benefits to pay delinquent debt.

Later this summer, "all 5.3 million defaulted borrowers will receive a notice from Treasury that their earnings will be subject to administrative wage garnishment," the department says in its first timeline of the enforcement action.

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Israel kills 78 in pre-dawn attacks on Gaza, resumes talks with Hamas

  • Palestinians flee gazaIsraeli forces continue bombarding Gaza, killing at least 78 Palestinians in pre-dawn attacks, including 36 in the so-called “safe zone” of al-Mawasi.
  • The intensified attacks come as Israel mobilises for a new ground assault on Gaza and resumes ceasefire talks with Hamas in Qatar.
  • Arab leaders in Baghdad call for an end to Israel’s war on Gaza and appeal for global action to get humanitarian aid into the besieged enclave.
  • Israel’s war on Gaza has killed at least 53,272 Palestinians and wounded 120,673, according to Gaza’s Ministry of Health. The Government Media Office updated the death toll to more than 61,700, saying thousands of people missing under the rubble are presumed dead.
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  • 'Riviera of the Middle East' no more? Trump has new plan for war-torn Gaza

    Gaza could be made into Freedom ZoneCall it the art of rebranding.

    President Donald Trump has a new proposal for the redevelopment of Gaza — and it is decidedly less flashy sounding.

    Just months after saying the U.S. should take over the war-torn seaside Palestinian territory and turn it into the "Riviera of the Middle East," Trump now wants to make it "a freedom zone," giving fresh life to a controversial foreign policy proposal.

    "Gaza has been a territory of death and destruction for many years," Trump told reporters after a roundtable with business leaders in Qatar on May 14. "Let the United States get involved and make it just a freedom zone."

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