Black Lives Matter co-founder Patrisse Cullors was identified in a press release as co-chair of an art company that has profited from several activist groups that call Cullors a co-founder and leader, which charity experts say amounts to self-dealing and raises ethical and legal questions.
Black Lives Matter (BLM) Global Network Foundation, BLM PAC and Reform LA Jails — three activist groups Cullors claims to have co-founded and led — have provided business to the art company… Trap Heals was founded and run by Damon Turner, the father of Cullors’ only child, the DCNF found.
Also from the article:
Paul Kamenar, the counsel for the conservative watchdog group National Legal and Policy Center, said BLM Global Network’s dealings with Trap Heals raises questions given that the organization’s bylaws, which the group provided to the New Mexico office of … Read More ➡
Bing Ji was named general manager of BlackRock’s newly launched wealth management joint venture in Shanghai, BlackRock CCB Wealth Management, a spokeswoman confirmed Friday…
On Wednesday, BlackRock said that the joint venture it unveiled last August with a subsidiary of China Construction Bank and Singapore investment company Temasek had garnered regulatory approval to start operations…
BlackRock said it holds a majority 50.1% stake in BlackRock CCB Wealth Management. CCB Wealth Management Co., a wholly owned unit of China Construction Bank, has 40% and Temasek holds the remaining 9.9%.
Because it appears the iManufacturer wants its Sino-suppliers to continue the practice, if evidence unveiled by (paywall) investigative website The Information is to be believed.
Citing discoveries made by human rights groups via satellite images, videos, and public statements by Chinese officials, the report “found seven companies supplying device components, coatings and assembly services to Apple that are linked to alleged forced labor involving Uyghurs and other oppressed monitories in China. At least five of those companies received thousands of Uyghur and other minority workers at specific factory sites or subsidiaries that did work for Apple, the investigation found.”
For example, the report identified one computer parts supplier – Advanced-Connectek – that operated in an “industrial park” in the Xinjiang … Read More ➡
Energy Secretary Jennifer Granholm promised during her confirmation process that she would divest her stock ownership in the electric bus and battery maker Proterra, Inc.
Granholm hasn’t abided by her agreement to divest yet President Biden recently gave a promotional virtual tour of Proterra’s facilities opening the door to Granholm making a windfall when Proterra goes public in a matter of weeks.
Senator John Barrasso is asking the Energy Department Inspector General to investigate the potentially lucrative arrangement for Granholm.
Secretary Granholm submitted a U.S. Senate Committee on Energy and Natural Resources (Committee) Statement for Completion by Presidential Nominees (Committee Questionnaire), which she signed on January 21, 2021. She responded “Yes” to the following question: “Have you taken appropriate action to avoid any conflict of interest or any appearance of a conflict interest?”
You wouldn’t know it from the headlines but the Oversight Board found:
“It was not appropriate for Facebook to impose the indeterminate and standardless penalty of indefinite suspension.”
“Facebook did not follow a clear published procedure in this case.”
“It is not permissible for Facebook to keep a user off the platform for an undefined period, with no criteria for when or whether the account will be restored.”
“Facebook refused to answer several questions related to Trump’s news feed visibility.”
The Board rejected “Facebook’s request for it to endorse indefinite restrictions, imposed and lifted without clear criteria.”
It also found “Appropriate limits on discretionary powers are crucial to distinguish the legitimate use of discretion from possible scenarios around the world in which Facebook may unduly silence speech not linked to harm or delay action critical to protecting people.”
NLPC Chairman Peter Flaherty has an op-ed on Real Clear Markets critical of Nasdaq’s proposed “diversity” rule for boards of companies listed on the exchange. From the piece:
If there is merit in diversifying the composition of America’s corporate boards, it’s highly doubtful that Nasdaq’s imperious, paint-by-numbers approach is the best way to achieve it. That’s because, for all of their frantic virtue-signaling on the subject, when Nasdaq speaks of “diversity” what they obviously envision is a group of people with essentially cosmetic differences in race, gender and sexual orientation who will, nonetheless, all think and act in the same way.
Click here to read the entire piece on Real Clear Markets.
Earlier, NLPC Counsel Paul Kamenar argued in a public comment filed in January with the SEC that the diversity rule will impose arbitrary racial and gender quotas without showing a compelling governmental interest, and … Read More ➡
Philanthropists linked to Facebook, Twitter and Netflix have donated more than $7.5 million to a host of non-profits controlled by Khan-Cullors, who has helped them lobby for “net neutrality.”
From the article:
“Is Black Lives Matter for rent?” said Peter Flaherty, chairman of the National Legal and Policy Center. “Charities are not supposed to be vehicles for corporate lobbying, particularly on matters outside the charity’s mission.”
Click here to read the whole story in the New York Post.
A social justice nonprofit chaired by Black Lives Matter co-founder Patrisse Cullors is moving to operate in other states as it avoids filing required financial documents in California, filings show.
Cullors’ nonprofit, Dignity and Power Now, was warned by California’s attorney general’s office in March over its failure to file all the required financial documents for 2019. According to state records, Dignity and Power Now is currently delinquent in California, where it is incorporated.
From the same article:
“As a condition of their tax-exempt status, nonprofit groups are required by the IRS and state regulators to disclose significant information about their finances,” said Peter Flaherty, chairman of the National Legal and Policy Center. “It is important for groups soliciting donations to file accurately and on time.”
“When a nonprofit that engages in advocacy is supported by a small number of wealthy individuals … Read More ➡
California officials have issued three warnings to a nonprofit group started by Black Lives Matter co-founder Patrisse Cullors that it has failed to file required financial disclosures.
In September and again in February and March, the California Attorney General’s Office notified Cullors’ organization, Dignity and Power Now, that it was delinquent in filing the financial information, according to documents obtained by The Daily Signal.
The California Attorney General’s Office gave The Daily Signal a copy of the March letter. The National Legal and Policy Center provided the previous letters, one dated Sept. 4 and the other Feb. 2, to The Daily Signal.
The Virginia-based National Legal and Policy Center, which tracks nonprofits, monitors the finances of nonprofit groups associated with Cullors. NLPC Chairman Peter Flaherty said it is important to know where … Read More ➡
This from Alana Goodman in the Washington Free Beacon today:
Facebook cofounder Dustin Moskovitz has poured over $5 million into a network of nonprofits run by Black Lives Matter leader Patrisse Cullors, according to financial disclosure records, raising questions about whether this relationship played a role in the company’s decision to censor unflattering news articles about the activist last week.
The social media giant blocked its users from posting links to a New York Post story that revealed Cullors, a self-described Marxist, spent $3.2 million on high-end real estate as her Black Lives Matter Global Network Foundation raked in millions in donations.
Also from the article:
The National Legal and Policy Center, a watchdog group that has been monitoring Facebook’s financial activities and Moskovitz’s charitable records, criticized the company’s decision to block reporting on Cullors.
“We think this, once again, proves freedom of speech is an option not a … Read More ➡