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Daily Beast

Billionaire Kanye West’s Company Gets Multimillion-Dollar PPP Loan From Trump Admin

Rachel Olding Breaking News Editor

Updated Jul. 06, 2020 3:29PM ET / Published Jul. 06, 2020 2:48PM ET 

Billionaire rapper and shoe designer Kanye West’s company has received a multimillion-dollar loan as part of the federal government’s coronavirus stimulus package, according to records released Thursday by the U.S. Treasury’s Small Business Administration.

The money was handed out in the latest round of the Paycheck Protection Program, part of the Trump administration’s $2 trillion CARES Act designed to provide economic relief to small businesses during the coronavirus pandemic.

Yeezy LLC, a California company, is listed in the Treasury’s log as a recipient of a loan worth between $2 million and $5 million. The company self-identified as being male-owned and a Black or African-American business. It said 160 jobs were saved using the loan.

California business records list Kanye West as the manager of Yeezy LLC, a holding company established in Delaware and run out of a La Palma, California, office. West’s Yeezy sneaker empire reportedly made $1.5 billion last year.

West’s loan poses major questions of conflict of interest, given West’s outspoken support for President Donald Trump, his multiple visits to the White House, and the outrageously lavish lifestyle he leads with wife Kim Kardashian West.

Both he and his wife have celebrated attaining billionaire status recently. After being effectively broke years ago, West turned his fortunes around with his best-selling Yeezy sneakers and attained billionaire status in April, according to Forbes

Last week, his wife claimed to be a billionaire, too. “I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,” West tweeted, alongside a photo of some vegetables.

PPP loans, available for companies with fewer than 500 employees, are written off by the government if companies spend the money on eligible costs and retain a certain percentage of staff during the pandemic.

The list of 40,000 companies to receive loans of $150,000 and above was made public on Monday after complaints from Democrats that previous rounds of funding were not transparent.

The program has been plagued with issues, from digital portals that crashed as soon as applications opened, to banks prioritizing their biggest customers, to Trump-friendly companies receiving big loans. Several large companies, like Shake Shack and Harvard, returned loans after attracting negative publicity.

Loans of $150,000 and above represent about 13 percent of all loans approved but about three quarters of total loan dollars approved, according to CNBC.

Yeezy LLC has been contacted for comment.

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America Politics

Mitch McConnell: We paid for ‘sin of slavery’ by electing Obama

Senate Majority Leader Mitch McConnell’s remarks over the last week have been making headlines, but the latest may be the most controversial.

When asked about reparations for slavery on the eve of a House hearing on the issue, McConnell said reparations “for something that happened 150 years ago, for whom none of us currently living are responsible,” were not a good idea. Besides, he suggested acts, such as electing Barack Obama president, could be considered a form of compensation.

“We tried to deal with our original sin of slavery by fighting a Civil War, by passing landmark civil rights legislation, elected an African American president,” McConnell said. “I don’t think we should be trying to figure out how to compensate for it. First of all, it would be hard to figure out whom to compensate.”

The backlash, as it often happens with McConnell, came swiftly.

Kentucky state Rep. Charles Booker (D-43rd District) wrote on Twitter that the “shameful” remarks showed McConnell doesn’t care about black people or Louisville’s West End, and that Kentucky needs to stand against McConnell during his reelection bid.

Kevin Cosby, president of Simmons College in Louisville and senior pastor at St. Stephen Church in the West End, called the comment “the most ignorant, historically inaccurate statement ever uttered by a ranking senator.”

McConnell was Obama’s chief adversary during his presidency. He once quipped that his top goal was to make Obama a one-term president and famously blocked Obama’s nomination of Judge Merrick Garland to the Supreme Court during the final year of his presidency.

The criticism of McConnell came as the senator was taking heat for comments he made Monday about the 9/11 Victims Compensation Fund.

After emotional testimony last week by former “Daily Show” host Jon Stewart in support of reauthorizing the fund to help pay for medical and economic losses for victims of the Sept. 11, 2001 terrorist attacks and their families, McConnell said in a Fox News interview that he didn’t know why Stewart was “all bent out of shape” and that “many things in Congress happen at the last minute.”

Stewart jumped on those comments, appearing on “The Late Show with Stephen Colbert” later Monday and accusing the senator of only supporting the 9/11 community when it’s convenient and using it “as a political pawn to get other things you want.”

McConnell, during his Monday interview on Fox News, added that the Senate “will address this problem appropriately” after the House takes up the bill before the August work period. A spokesman for McConnell on Wednesday said the Senate will take action after the House acts.

McConnell, in the meantime, appeared on Fox News on Thursday night and Monday morning to repeatedly discuss socialism (“none of these socialist schemes, the ‘Green New Deal,’ ‘Medicare for All,’ are going to pass the Senate”), Iran (“The sanctions are really hurting. The president made the right decision backing out of the nuclear deal because it wasn’t much of a deal”) and other issues.

He deflected questions Thursday night about President Donald Trump’s ABC News interview in which he said he would accept damaging information about a political opponent from a foreign government ahead of an election. Trump has since walked back those remarks.

Via – USA TODAY

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America Free Speech politics

The 45th President Of The United States Of America/Donald John Trump/Articles Of Impeachment

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Blog

Which Republicans will hold the President’s feet to the fire?

These articles of impeachment will forever remain in history. President Trump will forever have on his track record these two monolithic articles. The Democrats in unity proved that The President’s actions are never to supersede the needs and the goals of America. Yet however historical this may be, for the President to be removed, 2/3 of the Senate would have to vote in Favor.

The Republicans have 53 seats in The Senate, while the Democrats have 45. There are 2 Independents. 100 seats in total.

For these articles to successfully move through the Senate, they would both need votes totaling 2/3 of this current Senate, meaning several Republicans would have to vote in favor. But will this happen? Will Republicans look onward without any disdain for the President, or might some look beyond political affiliation and hold the President accountable for abuse of his awesome power?

The fact that Speak of The House Nancy Pelosi is considering holding the two articles in The House, this may come down to the Democrats letting the impact of the articles directly affect Trump’s re-election odds as opposed to taking it any further. It may be in fact that they fear a lack of Republican support, and that they would rather let historians study the ramifications and the significance of these articles against President Trump.

Trump, despite his own superego has already been deeply affected. He knew this was coming, but until it happened he didn’t know how. He almost lacks the ability to significantly care, and it is certain that Democrats fear of the damage possible if Republicans follow Trump blindly.

Because where is Trump going? He knows he won’t be our last President, right?

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America Blog politics

The Party of Abraham Lincoln

For what it is worth, and I am sure it is worth more than words can summarize, The Grand Old Party, formally known as The Republican Party, is truly the party of Abraham Lincoln. He was elected in 1860, and a quick one phrase summary of his Presidency would say with grand resolute, that he helped to defeat the Confederates, and he paved the ultimate pathway to free the slaves.

Always and forever will the Grand Old Party be the party of Abraham Lincoln.

I myself have been a Democrat most of my life. I am, because I believe my family members are, and more so because of my upbringing, it always felt as though that party was the one that had the greater influence on me and my surrounding society. I am an African-American, and I grew up in an urban environment, so like most in those environments, I registered to vote as a Democrat. Luckily enough I even got to witness, the first time around, an actual black man being elected President of The United States of America.

It was monolithic moment, and a true testament to just how far this great nation has come. But regardless of how important of a moment it was, it still doesn’t change what I said. The Republican Party, The Grand Old Party, is still the party of Abraham Lincoln. What Lincoln did for this country, is perhaps as important as any great deed ever done by any man in this nation, and yes, that ought to include George Washington, and all of the founding fathers.

The Emancipation Proclamation effectively acted as legislation that denounced slavery, opening the gateway for many enslaved Africans to gain their citizenship, and fight against the Confederates, and although this act could in no way remove the hundreds of years of injustice The USA and other nations had inflicted upon those slaves, it did essentially help out every African in the long run.

Thanks to the courage of a man like Abraham Lincoln, my ancestors and those I stand amongst now have more of what we call, freedom.

__

I say all of this, as a reminder to myself, and to any readers that I may have, that regardless of what side of the political aisle you may stand on, don’t let our currently leadership force you into believing one party stands supreme over the other. Regardless of the media backlash against Donald Trump, our current President, I do feel deeply within me that he not only stands for good, but for the safety, aid and security of all citizens in the USA, and not just the wealthy. I do not believe that he has a chance as becoming as great a man as Abraham Lincoln, for the emancipation proclamation did as much justice as writing the country into existence, but that does not mean we are all to write him off for his own personal troubles and gaffes. The man has a purpose, and is to serve the nation. Don’t let his ego get the best of you, for I am sure there are perhaps enormous characters flaws in every former President.

We ought to hold him to the same standard as Lincoln, and in this moment, this is where I will begin to do so. I’ll say again, I doubt that he can do anything for society as great as what Lincoln did, but he has a way of saying he is amongst the best. Remember, always remember that The Grand Old Party is the party of Abraham Lincoln.

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Blog

The FBI Investigation is Over

Earlier in the week, The FBI submitted their investigation of Donald Trump and his associates. The investigation has been the talking point, and primary focus of many news agencies.

President Trump, despite several of his colleagues and campaign associates facing legal troubles, continues to call the overall investigation a witch hunt.

Donald Trump sitting with members of his cabinet.

Now, news agencies and The American People, and President Trump, await the release of information in Robert Mueller’s investigative actions against the President.

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Blog

The Day of Tomorrow.

What will throttle, or should I say, revitalize America’s economy? What modern achievement, which in mass use could benefit people in variances of society, and grant us a reemerging economy? What new idea or creation will be what filters the massive debt that The USA holds?

Will there ever be such an idea?

I am no economist, so it would be difficult for me to give you the answers to my question. I, myself question how the United States of America will surpass the debt that it holds. It almost stands at 23 Trillion Dollars. When I was young, 1 trillion wasn’t a number that I would imagine to be our nation’s debt. Then again, who would I have been for it to have mattered?

No one, basically.

But I am looking at it now, as I have before, as millions of people have, this overwhelming debt that The USA now holds. We live in the era of technological advances, and we coexist with some of the world’s greatest minds. Their creations though, their magnificent gifts to the world fails to solve America’s debt. Mark Zuckerberg’s Facebook will not be the business to revitalize America’s economy.

New York residents don’t want Jeff Bezos’ Amazon Headquarters overcrowding their State.

The obvious Military Industrial Complex fuels The President’s current bid for a wall along the southern border. The President foolishly failed to amass enough money to complete the wall, forcing America to withstand a government shutdown while in conjunction activating the distress factors of declaring a National Emergency for the unguarded portions of the southern border.

And, a Space Force.

Will The United States of America ever try to remove their debts?

If not, why not start making some things free?

The American Dream is not dead, Mr. President. It is alive, and We, The People, are aware.

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Blog

How Strong is America’s Defense? #StateOfEmergency

The obvious answer is very strong. Hundreds of billions of dollars is now spent annually on America’s Defense. The United States Army is as strong as ever, and every other branch appears to exist without much flaw. As a matter of fact, one can conduct a bit of research and decipher that often times, too much is spent on the Department of Defense. Whirlwind headlines of Navy coffee mugs costing thousands of dollars can be a prime example of a Nation’s military with a budget that appears to have no end.

So my question is, with a military spread all over the entire world and allies spanning every continent, why has The President declared a State of Emergency?

The U.S. Government was recently Shut down for over 31 days, the longest recorded government shutdown in recorded history. With a military so strong, in a robust and prosperous Capitalist society, a shutdown is now the tail end to what appears to be a declaration of an emerging crisis.

In recent month’s time, there were reports of an invasion along the southern border, an actual cry from the President which has led him to orchestrate a campaign of border defense. His campaign includes most importantly, a 2000 mile long border wall between The U.S. and Mexico. Without rehashing the terrible war of words President Trump has had with others over this wall, it is easy to understand that he was incapable of acquiring the funds necessary to complete his campaign promise of building a massive border wall.

This, only days after a month long Government Shutdown, and after only acquiring 1 billion dollars of the 30+ or so billion dollars needed for his project, The President has now issued a State of Emergency.

How long does this remain in effect? Who does it effect? Are we as weak as he perceives? What is to come?

Perhaps the most important question may be, are we going to be invaded?

What a world of conspiracy. This is no Russian folk tale.

Categories
America Blog politics

The Resignation of General James Norman Mattis, Secretary of Defense.

In a powerful display of opposition to President Trump announcing a complete withdrawal of troops from Syria, Secretary of Defense Jim Mattis submitted his letter of resignation. The letter, pictured below, highlights many facets that General Mattis enjoyed while Secretary of Defense, but the letter also plainly States to the President that he does not agree with the decision to withdraw troops from Syria, arguing that the move abandons allies on the battlefield.

Despite the resignation of General Mattis, and what appears to be a bipartisan pushback from both Republicans and Democrats, President Trump remains resilient in his decision to withdraw troops, explaining to the American People that ISIS has been defeated, and that he has been more successful than any President in modern history in defeating ISIS.

Several officials and News outlets have reported that the decision to withdraw troops was not advised by Senior military officials or The Pentagon, and that this is move done largely in part by Donald Trump.

Again, despite pushback from every angle, Trump remains resilient in downsizing the battlefields overseas, with rumors now floating the agenda that The President also intends to withdraw as many as 9,000 troops from Afghanistan as early as January.

General Mattis served four decades in The United States Marine Corps. He ends his career on a high note, putting countrymen and his allies before self. He will officially depart Trump’s Administration February 2019.

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America Blog politics

Has President Trump Been Compromised?

Donald Trump’s lawyer Michael Cohen pleaded guilty to lying about his involvement with Russia, giving tremendous detail into Trump’s business dealings. Trump consistently refuted the notion that he had any previous deals with anyone in Russia, but revelations from Cohen’s testimony to the FBI proves that he had in fact been in negotiations with Russia about a hotel as early as 2015. The master suite of the hotel would have allegedly been granted to Russian President, Vladimir Putin.

MSNBC’s Chris Hayes discusses the plausible argument Donald Trump has been compromised.

If these revelations are true, all of which are a part of Robert Mueller’s FBI investigation into Trump’s financial ties with Russia, it would prove in various ways that Donald Trump could be compromised by Russia, and also that information may be withheld from Trump that could significantly damage his reputation.

Perhaps we now know why Donald Trump didn’t want anyone to know he has conducted business in Russia.