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Sunday, Dec 07th

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What to look for in Trump’s tax returns

Trump tax returns to come out Friday 12/30

Democrats released six years of Donald Trump’s tax return information last week as part of reports into the presidential audit program, revealing that the former president wasn’t receiving regular audits from the IRS and that he was reporting big business losses every year.

On Friday, Trump’s tax returns from 2015 to 2020 are themselves set to be released, after Democrats said they needed additional time to redact the documents and remove personal information.

Tax experts aren’t expecting huge revelations from the raw returns, which were summarized in reports from both the Democratic-controlled Ways and Means Committee and the nonpartisan Joint Committee on Taxation (JCT). But the more detailed documents could provide additional information on key areas of interest on Trump’s businesses and his professional associations.

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US Virgin Islands suing JPMorgan Chase over Jeffrey Epstein’s sex trafficking

US VI suing JP Morgan

The US Virgin Islands is suing the bank JPMorgan Chase, accusing it of helping Jeffrey Epstein’s sex trafficking of women and girls, according to a lawsuit filed in federal court in New York.

The documents submitted by the US Virgin Islands’ (USVI) attorney general accuse JPMorgan of “turning a blind eye” to illegal activities committed by Epstein – a client of the bank – on his private island, Little St James, which is part of the Caribbean US territory.

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Soccer star Pele, Brazilian legend of the beautiful game, dies at 82

Pele, soccer legend, dies at 82Pele, the legendary Brazilian soccer player who rose from barefoot poverty to become one of the greatest and best-known athletes in modern history, died on Thursday at the age of 82.

Sao Paulo's Albert Einstein hospital, where Pele was undergoing treatment, said he died at 3:27 p.m. "due to multiple organ failures resulting from the progression of colon cancer associated with his previous medical condition."

The death of the only man to win the World Cup three times as a player was confirmed on his Instagram account.

"Inspiration and love marked the journey of King Pele, who peacefully passed away today," it read, adding he had "enchanted the world with his genius in sport, stopped a war, carried out social works all over the world and spread what he most believed to be the cure for all our problems: love."

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U.S. Supreme Court leaves pandemic-era border restrictions in place, takes up case

SCOTUS leaves immigration policy in placeThe U.S. Supreme Court on Tuesday left in place for now a pandemic-era order allowing U.S. officials to rapidly expel migrants caught at the U.S.-Mexico border in order to consider whether 19 states could challenge the policy's end.

The court on a 5-4 vote granted a request by a group of Republican state attorneys general to put on hold a judge's decision invalidating the emergency public health order known as Title 42 while it considered whether they could intervene to challenge the ruling.

The states had argued lifting the policy could lead to an increase in already-record border crossings. The court said it would hear arguments over the policy in its February session. A ruling is expected by the end of June.

"It breaks my heart that we have to keep waiting," Miguel Colmenares, a Venezuelan migrant in the Mexican border city of Tijuana, said on hearing about the court's decision.

"I don't know what I'm going to do, I haven't got any money and my family's waiting for me," the 27-year-old said.

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Emperor penguin at risk of extinction, along with two-thirds of native Antarctic species, research shows

Empero penguin at risk of extincction

Two-thirds of Antarctica’s native species, including emperor penguins, are under threat of extinction or major population declines by 2100 under current trajectories of global heating, according to new research that outlines priorities for protecting the continent’s biodiversity.

The study, an international collaboration between scientists, conservationists and policymakers from 28 institutions in 12 countries, identified emperor penguins as the Antarctic species at greatest risk of extinction, followed by other seabirds and dry soil nematodes.

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Gigantic US winter storm leaves millions without power and cancels holiday plans

Storm cripples travel plans

The w​inter storm that forecasters dubbed Elliott intensified into a bomb cyclone near the Great Lakes on Friday, bringing high winds and blizzard conditions from the Northern Plains to western and upstate New York, along with life-threatening flooding, flash-freezing and travel chaos as it went.

More than 4,600 flights were canceled as of 3pm, on top of 2,700 cancellations Thursday, grounding tens of thousands of holiday travelers in airports with limited expectations of making further progress, according to FlightAware.

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Arctic blast sweeping US threatens ‘crippling impacts’ to travel and utilities

Arctic blast sweepong USUS forecasters warned on Thursday of “potentially crippling impacts across central and eastern” parts of the country, producing widespread disruption to travel and utilities over the holiday season, as an arctic blast surged from west to east.

About 200 million people in the lower 48 states were under extreme weather alerts as a freezing air mass sent temperatures into a nosedive, said Bob Oravec, a forecaster with the National Weather Service (NWS) in College Park, Maryland.

An NWS advisory said the “powerful winter storm” would “produce widespread disruptive and potentially crippling impacts across the central and eastern United States”.

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COVID spreading faster than ever in China. 800 million could be infected this winter

Covid ssurge in China

China is now facing what is likely the world's largest COVID surge of the pandemic. China's public health officials say that possibly 800 million people could be infected with the coronavirus over the next few months. And several models predict that a half million people could die, possibly more.

"Recently, the deputy director of China CDC, Xiaofeng Liang, who' s a good friend of mine, was announcing through the public media that the first COVID wave may, in fact, infect around 60% of the population," says Xi Chen, who's a global health researcher at Yale University and an expert on China's health-care system.

That means about 10% of the planet's population may become infected over the course of the next 90 days.

Epidemiologist Ben Cowling agrees with this prediction. "This surge is going to come very fast, unfortunately. That's the worst thing," says Cowling, who's at the University of Hong Kong. "If it was slower, China would have time to prepare. But this is so fast. In Beijing, there's already a load of cases and [in] other major cities because it's spreading so fast.

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FTX founder Sam Bankman-Fried charged with defrauding investors

Sam Bankman-Fried charged with fraus

Sam Bankman-Fried, the founder and former chief executive of the cryptocurrency exchange FTX, has been charged with fraud, conspiracy to commit money laundering and conspiracy to defraud the US and violate campaign finance laws.

The eight criminal charges filed by the US attorney’s office for the southern district of New York on Tuesday follow civil charges brought by the US Securities and Exchange Commission (SEC) accusing the 30-year-old former billionaire of defrauding investors by building a company that was a “house of cards”.

“This is one of the biggest financial frauds in American history,” said Damian Williams, United States attorney for the southern district of New York. He said that while only Bankman-Fried had been charged so far: “We are not done.”

On Monday, police in the Bahamas arrested Bankman-Fried after receiving formal notification from the US of criminal charges against him.

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