Wednesday, September 27, 2023
Nancy Pelosi's son - who secretly joined mom on her controversial trip to Taiwan - is a top investor in Chinese telecoms company, despite House Speaker's campaign to tackle China's corporate influence in the US
- Nancy Pelosi's son Paul Pelosi Jr, 53, is the second largest investor in a $22million Chinese company
- Paul secretly accompanied his mother on her controversial trip to Taiwan last week and is seen in photos alongside Taiwan's President Tsai Ing-wen and other top Taiwanese officials
- Paul worked for the telecoms company, Borqs Technologies, in a board or consultancy role, and was awarded 700,000 shares for his services, making him the fifth - and later second - largest shareholder
- His ties to the Chinese firm are revealed as Pelosi campaigns to tackle the Chinese government's aggression abroad and its corporate influence in the United States
- Paul's name was not listed in the official delegation sent out by the Speaker's office, but in a statement the Speaker admitted her son was her 'escort' on the trip in lieu of her husband
As well as investing, Paul Pelosi Jr, 53, also worked for the telecoms company, Borqs Technologies, in a board or consultancy role, Securities and Exchange Commission documents show.
He was awarded 700,000 shares for his services, making him the fifth largest shareholder in the company. After other insiders sold stock in June 2021 he became the second largest – more stock than one of its two co-founders and topped only by CEO Pat Sek Yuen Chan.
In September 2019 Chinese law enforcement detained the president of one of Borq's subsidiaries and seized copies of contracts and accounting records in a reported fraud investigation.
A later SEC filing from May 2022 listed the top 10 shareholders which did not include Pelosi Jr., suggesting he has slipped down the rankings of top shareholders since last year.
Nancy’s spokesman, Drew Hammill, also told DailyMail.com neither company has ties to Asia and neither processes mined lithium. Neither currently have revenue.
DailyMail.com's revelation of Pelosi Jr.'s role in the Beijing-based company comes after he and his powerful mother visited Taiwan in a show of solidarity for the nation that China controversially claims is part of its sovereign territory.
Pelosi Jr.'s name was not listed in the official delegation sent out by the Speaker's office. In a statement this week the Speaker admitted her son was her 'escort' on the trip in lieu of her husband when questioned by the press.
Nancy's son's ties to the Chinese firm could put the House Speaker in an awkward position over her current campaign to tackle the Chinese government's aggression abroad and its corporate influence in the United States.
Nancy Pelosi's son Paul Pelosi Jr, 53, is the second largest investor in a $22million Chinese company. Paul secretly accompanied his mother on her controversial trip to Taiwan last week
During their 19-hour visit the House Speaker and Pelosi Jr. were photographed alongside Taiwan's President Tsai Ing-wen and other top Taiwanese officials
DailyMail.com's revelation of Pelosi Jr.'s role in the Beijing-based company comes after he and his powerful mother visited Taiwan in a show of solidarity for the nation that China controversially claims is part of its sovereign territory. Pelosi Jr.'s name was reportedly not listed in the official delegation
Paul worked for the telecoms company, Borqs Technologies, in a board or consultancy role. Borqs is a Chinese telecoms company that specializes in 'Internet of Things' products and is listed on the Nasdaq stock exchange with a current market capitalization of $22million
Pelosi Jr.'s name was not listed in the official delegation sent out by the Speaker's office. In a statement this week the Speaker admitted her son was her 'escort' on the trip in lieu of her husband when questioned by the press. A spokesman for the Speaker told DailyMail.com that spouses and adult children are 'never included in...
At West Point, Racism Becomes More Important Than Military Readiness
Students for Fair Admissions, the same group that recently won a lawsuit against Harvard and the University of North Carolina challenging their illegal, racially discriminatory admissions policies, has filed a similar suit against the U.S. Military Academy.
Shockingly, the admissions policy at West Point, one of our premier military academies, is even more blatantly racist than Harvard and UNC, both of which tried to obscure what they were doing to some extent.
The dishonorable, racist policy described in the lawsuit by Students for Fair Admissions should not only anger the public and every military veteran. It also presents a clear and present danger to the military’s effectiveness and readiness, and thus America’s national security.
In a suit filed in U.S. District Court for the Southern District of New York, SFA alleges that West Point has an explicit racial quota system that violates the Fifth Amendment to the Constitution. The Fifth Amendment, the group points out, has “an equal-protection principle that binds the federal government and is not less strict than the equal protection clause that binds the states” under the 14th Amendment.
The Supreme Court struck down the discriminatory admissions policies of Harvard and UNC pursuant to the 14th Amendment. The new lawsuit also cites multiple court decisions holding that the “military is subject to the Bill of Rights and its constitutional implications.”
For most of its history, West Point “evaluated cadets based on merit and achievements,” the suit says. There is a good reason for that, argues SFA, besides the fact that such an evaluation is required under our Constitution and various statutes that prohibit discrimination:
America’s enemies don’t fight differently based on the race of the commanding officer opposing them, soldiers must follow orders without regard to the skin color of those giving them, and battlefield realities apply equally to all soldiers regardless of race, ethnicity, or national origin.
But that changed over the “past few decades,” according to the suit, when West Point started focusing on race, even to the extent of implementing explicit numerical goals—racial quotas —for the composition of every entering class.
Race’s Place in Admissions
Admission to West Point is a two-step process. The first step requires passing medical and physical fitness tests and being nominated by the president, the vice president, or a member of Congress. Once that happens, an applicant will be considered for admission.
It’s in that second step where race becomes a determining factor, according to Students for Fair Admissions. Fewer than 10% of applicants who make it past the first hurdle are accepted for admission into a class of between 1,200 and 1,300 cadets.
Race is so important in the admissions process that, according to the complaint, West Point “meticulously tracks its compliance with” the racial quotas it sets as benchmarks for each incoming class of cadets—“down to a tenth of a percentage point.”
West Point, along with some retired military leaders, has tried to justify this process by saying the racial proportions of the officer ranks should be the same as the racial proportions of the enlisted ranks and “mirror the demographic population it serves.”
But as SFA argues, these claims are “tantamount to a declaration that West Point will never stop using race in its admissions.”
Moreover, as Students for Fair Admissions points out, West Point’s claim that the process is necessary to fulfill the Army’s mission to defend the nation “is devoid of evidentiary support.” The claim also reflects a patronizingly racist view of “soldiers primarily as members of racial groups, rather than as individuals,” the lawsuit alleges, and is “grounded in the assumption that minority service members all think and feel the...
The 90 Miles Mystery Video: Nyctophilia Edition #1519
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The 90 Miles Mystery Box: Episode #2216
You have come across a mystery box. But what is inside?
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