Tuesday, October 17, 2017
NRA: The Only Organization In America That Gets Blamed...
CBS earnings to disappoint due to weak NFL ratings
The firm cut its third-quarter EPS estimates by 5 percent, citing CBS' softer Sunday NFL ratings. The media company reports on Nov. 2.
"We expect third-quarter network advertising to decline 3 percent (previously +1 percent), driven by soft ratings for both the summer schedule and for the start of the NFL season," wrote Credit Suisse analyst Omar Sheikh. "With only one of the three content licensing deals we expected for the second half announced in third quarter, we also expect content licensing revenue growth to be skewed to the fourth quarter."
Sheikh maintained his outperform rating and price target on CBS shares, which remains at $75, or 32 percent upside from Friday's close. He cut his third-quarter EPS estimate to $1.08, below Street consensus estimate of $1.12 from FactSet.
The analyst said CBS' Sunday NFL ratings are down 17 percent year over year during the first several weeks of the football season, according to the report. Sheikh released a similar report last week on Twenty-First Century Fox's earnings, which he also expects to disappoint thanks to...
HILARIOUS! RUSH: Hidden Audio Captures Bill Clinton Trying To Cure Harvey Weinstein
RUSH: Ladies and gentlemen, you’ve heard that Harvey Weinstein has, in a stealth move, flown to a clinic specializing in sex addiction. What you might not know is that Bill Clinton is on the staff at this sex-addiction clinic, and we have hidden audio of one of the first sessions.
BEGIN PARODY TRANSCRIPT
ANNOUNCER: We now take you behind the scenes as Harvey Weinstein gets the treatment he so desperately deserves.
“WEINSTEIN”: Thanks for taking me in, Bill. Nobody else understands me! You gotta ..
FBI uncovered Russian bribery plot before Obama administration approved controversial nuclear deal with Moscow
Federal agents used a confidential U.S. witness working inside the Russian nuclear industry to gather extensive financial records, make secret recordings and intercept emails as early as 2009 that showed Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, FBI and court documents show.
They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton’s charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill.
The racketeering scheme was conducted “with the consent of higher level officials” in Russia who “shared the proceeds” from the kickbacks, one agent declared in an affidavit years later.
Rather than bring immediate charges in 2010, however, the Department of Justice (DOJ) continued investigating the matter for nearly four more years, essentially leaving the American public and Congress in the dark about Russian nuclear corruption on U.S. soil during a period when the Obama administration made two major decisions benefitting Putin’s commercial nuclear ambitions.
The first decision occurred in October 2010, when the State Department and government agencies on the Committee on Foreign Investment in the United States unanimously approved the partial sale of Canadian mining company Uranium One to the Russian nuclear giant Rosatom, giving Moscow control of more than 20 percent of America’s uranium supply.
When this sale was used by Trump on the campaign trail last year, Hillary Clinton’s spokesman said she was not involved in the committee review and noted the State Department official who handled it said she “never intervened ... on any [Committee on Foreign Investment in the United States] matter.”
In 2011, the administration gave approval for Rosatom’s Tenex subsidiary to sell commercial uranium to U.S. nuclear power plants in a partnership with the United States Enrichment Corp. Before then, Tenex had been limited to selling U.S. nuclear power plants reprocessed uranium recovered from dismantled Soviet nuclear weapons under the 1990s Megatons to Megawatts peace program.
“The Russians were compromising American contractors in the nuclear industry with kickbacks and extortion threats, all of which raised legitimate national security concerns. And none of that evidence got aired before the Obama administration made those decisions,” a person who worked on the case told The Hill, speaking on condition of anonymity for fear of retribution by U.S. or Russian officials.
The Obama administration’s decision to approve Rosatom’s purchase of Uranium One has been a source of political controversy since 2015.
That’s when conservative author Peter Schweitzer and The New York Times documented how Bill Clinton collected hundreds of thousands of dollars in Russian speaking fees and his charitable foundation collected millions in donations from parties interested in the deal while Hillary Clinton presided on the Committee on Foreign Investment in the United States.
The Obama administration and the Clintons defended their actions at the time, insisting there was no evidence that any Russians or donors engaged in wrongdoing and there was no national security reason for any member of the committee to oppose the Uranium One deal.
But FBI, Energy Department and court documents reviewed by The Hill show the FBI in fact had gathered substantial evidence well before the committee’s decision that Vadim Mikerin — the main Russian overseeing Putin’s nuclear expansion inside the United States — was engaged in wrongdoing starting in 2009.
Then-Attorney General Eric Holder was among the Obama administration officials joining Hillary Clinton on the Committee on Foreign Investment in the United States at the time the Uranium One deal was approved. Multiple current and former government officials told The Hill they did not know whether the FBI or DOJ ever alerted committee members to the criminal activity they uncovered.
Spokesmen for Holder and Clinton did not return calls seeking comment. The Justice Department also didn’t comment.
Mikerin was a director of Rosatom’s Tenex in Moscow since the early 2000s, where he oversaw Rosatom’s nuclear collaboration with the United States under the Megatons to Megwatts program and its commercial uranium sales to other countries. In 2010, Mikerin was dispatched to the U.S. on a work visa approved by the Obama administration to open Rosatom’s new American arm called Tenam.
Between 2009 and January 2012, Mikerin “did knowingly and willfully combine, conspire confederate and agree with other persons … to obstruct, delay and affect commerce and the movement of an article and commodity (enriched uranium) in commerce by extortion,” a November 2014 indictment stated.
His illegal conduct was captured with the help of a confidential witness, an American businessman, who began making kickback payments at Mikerin’s direction and with the permission of the FBI. The first kickback payment recorded by the FBI through its informant was dated Nov. 27, 2009, the records show.
In evidentiary affidavits signed in 2014 and 2015, an Energy Department agent assigned to assist the FBI in the case testified that Mikerin supervised a “racketeering scheme” that involved extortion, bribery, money laundering and kickbacks that were both directed by and provided benefit to more senior officials back in Russia.
“As part of the scheme, Mikerin, with the consent of higher level officials at TENEX and Rosatom (both Russian state-owned entities) would offer no-bid contracts to US businesses in exchange for kickbacks in the form of money payments made to some offshore banks accounts,” Agent David Garden testified.
“Mikerin apparently then shared the proceeds with other co-conspirators associated with TENEX in Russia and elsewhere,” the agent added.
The investigation was ultimately supervised by then-U.S. Attorney Rod Rosenstein, an Obama appointee who now serves as President Trump’s deputy attorney general, and then-Assistant FBI Director Andrew McCabe, now the deputy FBI director under Trump, Justice Department documents show.
Both men now play a key role in the current investigation into possible, but still unproven collusion between Russia and Donald Trump’s campaign during the 2016 election. McCabe is under congressional and Justice Department inspector general investigation in connection with money his wife’s Virginia state Senate campaign accepted in 2015 from now-Virginia Gov. Terry McAuliffe at a time when McAuliffe was reportedly under investigation by the FBI.
The connections to the current Russia case are many. The Mikerin probe began in 2009 when Robert Mueller, now the special counsel in charge of the Trump case, was still FBI director. And it ended in late 2015 under the direction of then-FBI Director James Comey, who Trump fired earlier this year.
Its many twist and turns aside, the FBI nuclear industry case proved a gold mine, in part because it uncovered a new Russian money laundering apparatus that routed bribe and kickback payments through financial instruments in...
Environmentalist Policies Are Exacerbating Wildfires. It's Time to Rethink Forest Management.
Massive wildfires continue to rage out of control in Northern California, causing historic loss of life and billions of dollars in damage.
The images coming out of California towns, which look like bombed-out cities from World War II, are a sobering reminder of man’s occasional futility in the face of nature unleashed.
Stopping these huge blazes is, of course, a priority. The firefighters who have been battling these infernos have at times done a miraculous job under extremely difficult circumstances.
However, policymakers should also look at ways to curtail the long-term trend of growing numbers of major wildfires. While some argue that climate change is to blame for the uptick in fires, it’s also worth grappling with the drastic alterations in forest management that have occurred over the last four decades.
Many have argued that this is driving the surge in huge fires.
As a Reason Foundation study noted, the U.S. Forest Service, which is tasked with managing public wildland, once had success in minimizing widespread fires in the early 20th century.
But many of these successful methods were abandoned in large part because of efforts by environmental activists.
The Forest Service became more costly and less effective as it increasingly “rewarded forest managers for losing money on environmentally questionable practices,” wrote Randal O’Toole, a policy analyst at the Cato Institute.
Spending on the Forest Service has risen drastically, but these additional resources have been misused and haven’t solved the underlying issues.
“Fire expenditures have grown from less than 15 percent of the Forest Service budget in [the] early 1990s to about 50 percent today. Forest Service fire expenditures have increased from...
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