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The 22 wildest lines from Donald Trump’s 12(!)-page statement on the January 6 committee | CNN Politics

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The 22 wildest lines from Donald Trump’s 12(!)-page statement on the January 6 committee | CNN Politics



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In response to the second public listening to of the January 6 committee, former President Donald Trump launched a 12-page assertion – sure, 12 full pages! – looking for to rebut the costs leveled in opposition to him.

It’s full of the standard name-calling, exaggerations and conspiracy theories which have dominated Trump’s post-2020 election life. However it’s additionally a window into the previous President’s psyche because the January 6 committee weighs whether or not to advocate a prison indictment of Trump to the Division of Justice.

I went by way of Trump’s, um, assertion. The strains from it it’s essential to see are beneath.

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1. “If they’d any actual proof, they’d maintain actual hearings with equal illustration.”

Do not forget that the explanation there isn’t an impartial fee – just like the one which investigated the 9/11 terrorist assaults – is as a result of Senate Republican Chief Mitch McConnell killed it after it had handed the Home with 35 GOP votes. And away we go!

2. “They use the illegally-constituted committee to placed on a smoke and mirrors present for the American folks, in a pitiful last-ditch effort to deceive the American public … once more.”

It’s in no way clear to me what Trump thinks is illegitimate concerning the January 6 committee. It’s a choose committee established by Speaker Nancy Pelosi. Not in contrast to the Benghazi choose committee established by then-Home Speaker John Boehner.

3. “They’ve refused to permit their political opponents to take part on this course of, and have excluded all exculpatory witnesses, and anybody who so simply factors out the failings of their story.”

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Once more, this isn’t fairly correct. First off, the explanation the committee has two Republicans and 9 Democrats is as a result of a) McConnell nixed the thought of an impartial fee and b) Home Minority Chief Kevin McCarthy pulled all 5 of his picks for the committee when Pelosi rejected the appointments of Indiana Rep. Jim Banks and Ohio Rep. Jim Jordan. Second, loads of strongly pro-Trump witnesses have been subpoenaed by the committee. Actually, Steve Bannon and Peter Navarro, two shut Trump confidants, have refused to adjust to subpoenas to testify earlier than the committee.

4. “The Unselect Pseudo-Committee has coordinated with their media puppets to broadcast their witnesses on nationwide tv with none opposition, cross-examination, or rebuttal proof.”

I hate to sound like a damaged document right here, however the committee took greater than 1,000 depositions from all types of witnesses – together with Invoice Stepien, who managed Trump’s 2020 marketing campaign, and Invoice Barr, who served as Trump’s legal professional normal. These aren’t precisely portraits of Trump haters. Plus, the committee tried to speak to folks like Bannon and Navarro.

5. “What are the members of this treasonous ‘Committee’ afraid of?”

That is coming from somebody who refused to simply accept the outcomes of a free and truthful election and incited folks to protest the outcomes due to a sequence of simply debunked conspiracy theories.

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6. “Democrats created the narrative of January sixth to detract from the a lot bigger and extra necessary fact that the 2020 Election was Rigged and Stolen.”

Uh, what. So, a number of folks died on account of the riots on January 6. Greater than 100 law enforcement officials had been injured. Over 800 folks have been criminally charged for his or her roles within the rebellion that day. That’s much less necessary {that a} set of lies about supposed election fraud?

7. “They illegally inflated voter rolls, illegally allowed harvested and stuffed ballots, abused the usage of mail-in ballots, bodily eliminated Republicans from counting amenities, abused the aged in nursing houses, bribed election officers with donations, stopped relying on Election Evening, gave Democrats three additional days to reap ballots, and demanded that the American folks imagine it was official.”

Wow. That’s, um rather a lot. There was completely no proof that there was widespread voter fraud within the 2020 election.

8. “The reality is that People confirmed up in Washington, D.C. in large numbers (however seldom revealed by the press), on January sixth, 2021, to carry their elected officers accountable for the apparent indicators of prison exercise all through the Election.”

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Crowd dimension has lengthy been a Trump hobbyhorse. However there’s simply no proof that the press purposely low-balled the group on January 6. Additionally, that’s completely irrelevant. Which is that this: A mob of rioters stormed the US Capitol fueled by an election lie pushed by Trump that he had one way or the other been cheated out of victory.

9. “That is all a ridiculous and treasonous try and cowl up the truth that Democrats rigged the Election and are siphoning People’ freedoms and energy for their very own profit.”

What, precisely, is treasonous concerning the January 6 committee? Trump – shock, shock – doesn’t clarify.

10. “On Election Evening, America watched as my lead grew and grew over Joe Biden, as I used to be set to assert one other victory.”

Merely not true. We knew nicely upfront of Election Day that, largely due to new guidelines in place to take care of the Covid-19 pandemic, the variety of mail-in ballots can be far greater than in previous elections. And we knew that it could take a while to correctly course of all of them. Right here’s what Stepien, Trump’s marketing campaign supervisor, prompt he say on election evening: “My advice was to say that ‘votes had been nonetheless being counted, it’s too early to inform, too early to name the race however we’re happy with the race we ran and we predict we’re in good place.’” Trump didn’t take that recommendation.

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11. “The Swamp was so decided to maintain their stranglehold on energy that they delayed the outcomes of the Election in order that they might discover, manufacture, or produce extra ballots, after they knew what number of they wanted to beat me.”

“Thus far, we’ve not seen fraud on a scale that would have effected a distinct consequence within the election,” Barr stated on December 1, 2020.

12. “There’s no affordable clarification for why it took a lot longer to depend the few remaining ballots versus the thousands and thousands on Election Day – aside from they wanted to visitors extra ballots, and it took 4 days to supply the ballots and do it.”

Other than merely claiming it to be so, Trump gives no proof for his declare that there have been “few remaining ballots” left to be counted after Election Day. The rationale he doesn’t provide any proof for this declare is that none exists.

13. “Like drug mules, on this context, mules are these paid to illegally visitors ballots from nonprofits organizations and drop them into the poll drop packing containers.”

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It’s nicely value watching – or studying – Barr’s full takedown from Monday’s listening to of the movie “2,000 Mules” which is the place Trump will get this bogus info. Right here’s the gist of it in a single Barr quote: “For those who take 2 million cell telephones and determine the place they’re bodily in a giant metropolis like Atlanta or wherever, simply by definition, one can find many lots of of them have handed by and hung out within the neighborhood of those packing containers.”

14. “The reality is, in response to Joe Biden, that the Swamp has created the ‘most in depth and inclusive voter fraud group within the historical past of American politics – and it facilities round poll trafficking.’”

As Reuters famous of the Biden quote cited by Trump right here: “It was a slip of the tongue – Biden was describing the voter safety program his marketing campaign has launched in anticipation of potential authorized fights over the result of the Nov. 3 election in opposition to President Donald Trump.”

15. “It’s additionally extremely doubtless that True the Vote didn’t uncover 100% of the mules, making the numbers a lot bigger than a landslide in scope, and that there have been many extra mules on the market affecting extra of the Election than we notice. This was not an in depth Election.”

Joe Biden received greater than 81 million votes to Trump’s 74 million. So no, by latest measures it wasn’t a very shut election. However I don’t suppose that’s what Trump means.

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16. “Joe Biden, a candidate who by no means left his basement and might’t communicate with out a teleprompter, outperformed Barack Obama and Hillary Clinton of their two high-charged elections.”

By way of uncooked vote totals, that’s true. Biden’s 81 million votes is greater than both Clinton or Obama obtained. However, in each 2008 (365) and 2012 (332), Obama obtained extra electoral votes than Biden.

17. “Both there’s plenty of black voters in America who establish extra with Joe Biden than Barack Obama, or Democrats are stealing black votes – and everyone knows the reply to that.”

Earlier than this line, Trump cites a handful of majority-Black counties and areas the place Biden did higher in 2020 than Obama did in 2008 or 2012. That truth is proof optimistic of fraud, in response to Trump. In fact, it’s not. Initially, the inhabitants, within the Black group and elsewhere, grew between 2008 and 2020, which means that there have been simply extra voters available for Biden than for Obama. Additionally, and I’m simply spitballing right here, isn’t it attainable that the need to vote Trump out of workplace was a strong motivator for heaps and many Black voters?

18. “Mark Zuckerberg contributed $419 million {dollars} to election initiatives across the nation.”

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Trump is suggesting right here that Zuckerberg, the founding father of Fb, spent lots of of thousands and thousands of {dollars} to make sure that Democrats received the 2020 election. The one factor he will get proper although is the sum of money Zuckerberg spent. Trump would do nicely to learn this Protocol piece headlined “How ‘Zuck Bucks’ saved the 2020 election — and fueled the Huge Lie.”

19. “Zuckerberg must be criminally prosecuted. Election legal guidelines forestall people from donating greater than $5,000 per yr, but Zuckerberg gave $419 million.”

Once more, Trump is just flawed about what Zuckerberg did within the 2020 election. As Protocol notes: “He provided grants to any election official who needed one, as long as they spent it on what lots of people would think about mundane necessities that make it simpler and safer for everybody to vote: poll sorters, drop packing containers, ballot employees and — as a result of it was 2020 — hand sanitizer.”

18. “Rumors circulated that the Justices devolved to shouting and argued intensely over the best way to deal with the Texas v. Pennsylvania case. In the end, the Justices yielded to the identical worry mongering ways Democrats had deployed for years. They punted and threw the case out on standing.”

As CNN reported of the election fraud case introduced by Texas Lawyer Normal Ken Paxton: “The court docket’s order, issued with no public dissents, to dismiss the problem is the strongest indication but that Trump has no likelihood of overturning election ends in court docket, and that even the justices whom he positioned there have no real interest in permitting his determined authorized bids to proceed.” No public dissents. So, yeah.

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19. “However, the Swamp runs deep. I assume that turning round an election was a step too far.”

Sure, I’d say overturning an election was a “step too far.”

20. “People are struggling to fill their fuel tanks, feed their infants, educate their kids, rent staff, order provides, defend our border from invasion, and a number of different tragedies which might be 100% brought on by Democrats who obtained energy by way of a rigged election, and the folks of our nation are each indignant and unhappy.”

This sentence is 53 phrases lengthy. Yup.

21. “No person brings this up, however as President, I suffered years of vicious lies, scandals, and innuendo regarding a faux and contrived narrative of Russia, Russia, Russia.”

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Enable me to cite from the Mueller Report: “(I)f we had confidence after a radical investigation of the info that the President clearly didn’t commit obstruction of justice, we might so state,” reads the Mueller report. “Based mostly on the info and the relevant authorized requirements, we’re unable to achieve that judgment. … Accordingly, whereas this report doesn’t conclude that the president dedicated a criminal offense, it additionally doesn’t exonerate him.”

22. “That is merely an try and cease a person that’s main in each ballot, in opposition to each Republicans and Democrats by broad margins, from working once more for the Presidency.”

So, is Trump saying he’s working for president once more in 2024? Huge information! Yeah, this seems like a very good place to finish.

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US retailers stretch out Black Friday deals to lure flagging shoppers

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US retailers stretch out Black Friday deals to lure flagging shoppers

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US retailers are extending their one-day seasonal Black Friday discount offers into a sales event lasting weeks in a bid to tempt US consumers to keep spending, as data suggests that their spree which has driven economic growth is beginning to falter.

Walmart, Amazon, Target and Macy’s are among the US retailers already offering deep discounts under the banner of Black Friday, long before it actually arrives this week.

Despite this, general merchandise unit sales were down 3 per cent year-on-year in the week ending 16 November according to data from Circana, which compiles retail point-of-sale data.

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The National Retail Federation forecasts that winter holiday sales will reach almost $1tn in the US in November and December, a record $902 a head. But the rate of spending growth is expected to be about 2.5-3.5 per cent, the slowest since 2018.

“We’re seeing this drag-out of incentives to try to widen the window within which [retailers] can draw more consumers,” said Gregory Daco, chief economist at adviser EY Parthenon. “The likely reality in this holiday season is that we see fairly subdued sales because volumes are growing, but at a moderate pace — and [retailers have] much less pricing power.”

Retailers were “incentivising via discounts and different forms of promotions” for those at the lower end of the income spectrum while also “trying to grab higher-income individuals to make purchases during this wider window”, he said.

Although headline inflation has ebbed from the historic highs of the past couple of years, consumers “remain extremely frustrated by the persistence of high prices”, the University of Michigan said this week in a monthly survey.

Consumer spending has been the main driver of America’s robust economic growth in recent months. But consumer confidence is still well below the long-run average, sentiment surveys show.

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The prospect of a fresh round of tariffs under Donald Trump’s incoming presidency raises the risk that inflation could take off again, economists have warned — posing a fresh drag on sentiment.

“Donald Trump’s return to the White House with a Republican majority [probably leads] to higher inflation, slower GDP growth and increased budget deficits,” Roland Fumasi, food and agribusiness analyst at Rabobank, said in a note.

If Trump increases tariffs, that would “lead to a rebound in inflation and a slowdown in economic growth”, he said.

“The negative impact on growth could be mitigated by tax cuts and deregulation by a Republican Congress. However, this would increase the budget deficit and reinforce inflation, especially in combination with reduced immigration,” he added.

Black Friday is one of the busiest times of year for consumer goods stores, and the period between Thanksgiving and Cyber Monday — the Monday following the holiday, when electronics vendors discount goods — is critical to retailers’ annual revenue.

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NRF chief economist Jack Kleinhenz said that households’ finances were in “good shape”, offering “an impetus for strong spending heading into the holiday season”, although “households will spend more cautiously”.

Brian Cornell, Target chief executive, told analysts this week that consumers were becoming “increasingly resourceful” in the way that they shopped, “focusing on deals and then stocking up when they find them”.

The store group, which disappointed Wall Street this week by forecasting flat sales in the fourth quarter, ran a three-day “Early Black Friday” promotion in early November. On Thursday it launched a promotion titled “Black Friday deals” which will last to the end of the month, including items such as half-price Christmas trees and headphones.

Walmart, the world’s largest retailer, launched the first of two week-long “Black Friday Deals” events on November 11. The second will begin on Monday, offering markdowns on televisions, iPhones, toys and jeans, among other items.

Amazon’s “Black Friday Week” began on Thursday. Home Depot’s “Black Friday Savings” offer lasts from November 7 to December 4.

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Additional reporting by Will Schmitt in New York and Madeleine Speed in London

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Two killed and one injured as plane crashes in Colorado mountain range

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Two killed and one injured as plane crashes in Colorado mountain range

Two people were killed and one was injured after a Civil Air Patrol plane crashed near Storm Mountain in Colorado.

Authorities responded to a report of a plane crash roughly 80 miles north of Denver shortly after 11 a.m. on Saturday, the Larimer County Sheriff’s Office said.

Emergency crews and deputies found three passengers on board. Two were confirmed dead while the third was transported to a local hospital with severe injuries, the sheriff’s office said.

The plane belonged to the Thompson Valley Composite Squadron of the Civil Air Patrol, a civilian auxiliary of the US Air Force. The plane, which the National Transportation Safety Board identified as a Cessna 182, was conducting a routine aerial photography training mission when the incident occurred, Colorado Civil Air Patrol confirmed.

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Pilot Susan Wolber and aerial photographer Jay Rhoten lost their lives in the crash while co-pilot Randall Settergren suffered injuries, the state’s Governor Jared Polis announced Saturday.

Aerial photos show the wreckage from the crash

Aerial photos show the wreckage from the crash (Fox31 Denver)

These individuals “served the Civil Air Patrol as volunteers who wanted to help make Colorado a better, safer place for all. The State of Colorado is grateful for their commitment to service and it will not be forgotten,” the governor said.

The sheriff’s office is still working on recovery operations, which it expects will take several days “due to the extreme, rugged terrain,” authorities said. An investigation into the crash is also ongoing.

Major General Laura Clellan, the Adjutant General of Colorado of the state’s department of Military and Veterans Affairs, also issued a statement in the wake of the tragedy.

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“The volunteers of Civil Air Patrol are a valuable part of the Department of Military and Veterans Affairs, and the lifesaving work they do on a daily basis directly contributes to the public safety of Coloradans throughout the state,” she said. “Our thoughts and deepest condolences are with the families of those involved in the crash. I would also like to thank all of the first responders who assisted with rescue efforts.”

Colorado Civil Air Patrol missions “range from search-and-rescue of lost hikers or hunters, location of downed aircraft, and transport of emergency personnel or medical materials,” the statement said.

Loveland Fire Rescue Authority, Thompson Valley EMS, UCHealth LifeLine, Larimer County Parks Rangers, Loveland Police Department, the United States Forest Service, and the Colorado Air National Guard also assisted with the incident response.

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Starbucks pares hedging programme despite coffee market surge

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Starbucks pares hedging programme despite coffee market surge

Starbucks has slashed its use of hedges against coffee price shocks even as the price of beans has soared, raising concerns that it may be unusually exposed to market swings. 

The world’s largest café chain held less than $200mn worth of fixed-price contracts for so-called green, or unroasted, coffee at the end of its fiscal year in September, according to its newly filed annual report, down from $1bn as recently as 2019. 

The decline has occurred at a time when roasters confront supply deficits after persistently poor crops in major exporters such as Brazil. Benchmark coffee futures rose above $3 a pound in New York on Friday to a 13-year high, following a more than 70 per cent gain in the past 12 months. 

Starbucks buys 3 per cent of the world’s coffee to supply its 40,000 cafés and retail businesses. A team based in Lausanne, Switzerland manages purchasing high-quality arabica beans under a subsidiary named the Starbucks Coffee Trading Company. The decline in the value of its fixed-price contracts has attracted attention on Wall Street. 

“They are substantially less hedged than they used to be. It makes the next 12 months of coffee prices more important than they’ve ever been,” said Gregory Francfort, a restaurant analyst at Guggenheim Securities.   

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New Starbucks chief executive Brian Niccol is in the the early stages of a plan to revive flagging sales at cafés. One of his goals is to restore its appeal as a community coffee house. “At Starbucks, coffee comes first,” he said in video remarks last month. 

The company is not alone among roasters in letting price-cover slip during an explosive market rally. Data from the US commodity futures regulator shows commercial traders have sharply reduced their contracts to buy arabica.

A coffee trader familiar with Starbucks’ operations says the majority of its purchases are made with so-called “price-to-be-fixed” contracts, which establish a quantity, delivery month and the amount of price premium to New York’s futures market. The final purchase price is agreed later.

“When a market rallies significantly and quickly, as coffee has done, the roasting community in general tends to let coverage decline,” the trader said.

Starbucks’ 56 “tier one” suppliers range from global commodities trading houses such as Louis Dreyfus and Olam to farmer co-operatives. The company in 2021 said it bought 800mn lbs of coffee annually — an amount that would cost $2.4bn at current benchmark prices. 

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Starbucks had $1.1bn in green coffee purchase obligations on its books as of September, according to its annual report.

The company buys green coffee using two types of contracts: fixed-price and price-to-be-fixed, according to its annual report. For the latter, the company also uses derivatives contracts to insure against market gyrations. 

Line chart of $mn showing Starbucks cuts value of 'fixed-price' coffee purchases

“Like others, right now we’re remaining agile in a very dynamic market,” Starbucks said in response to questions. “An example of that agility is that our current priced coverage is slightly lower than our typical range of 9-18 months.”  

Starbucks executives rarely discuss coffee hedging with Wall Street, but in 2021 — another period of furious price rises — then-CEO Kevin Johnson told analysts the company purchased 12 to 18 months in advance, and at the time had locked in prices for the next 14 months.

“We may be the only large buyer of green coffee that uses this approach, and that will serve us well as it gives us a significant advantage relative to our competitors who, if they don’t buy this far in advance, will certainly not have that cost structure that we put in place,” he said.

The value of Starbucks’ price-to-be-fixed contracts has fluctuated, ending the fiscal year in September at $929mn, according to the annual report.

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That sum was more than a year ago, but well below levels of 2021 and 2022. Coffee derivatives contracts held by Starbucks were worth $154mn, the lowest September value since 2020. 

Starbucks’ coffee trading operation is headed by Andres Berron, an eight-year employee of the company, according to his LinkedIn page. The company declined to make him available for comment. 

Starbucks said its approach to purchasing coffee hasn’t changed. The company pointed out that its current stocks of physical coffee are a cushion against volatility in the spot market.

Inventories of unroasted and roasted beans combined were worth about $920mn as of September, according to the annual report, the lowest fiscal year-end figure since 2021. 

“We keep a healthy and ample green coffee inventory that outpaces other roasters,” Starbucks said. 

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Global coffee production has been rocked by poor weather. The US Department of Agriculture last week cut its production forecast for Brazil, the top supplier, citing irregular rainfall and high temperatures that could depress its next harvest. 

“The global coffee market just can’t seem to catch a break,” said Kona Haque, a commodities analyst at ED&F Man in London. “Just when you think maybe this year we’re going to get a big crop and finally get back to a surplus and rebuild our stocks, you get another adverse-weather event in either Brazil or Vietnam, and things get tight again.” 

“Because markets now are tighter than usual, there is upward pressure on prices,” she added. “In a rising price environment, clearly you want to be hedged. You do not want to be exposed to rising spot prices.” 

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