April 22, 2024

Tom Cotton on TikTok CEO: Deport Him

Tom Cotton on TikTok CEO: Deport Him

Sen. Tom Cotton (R-AR) on Thursday said TikTok CEO Shou Chew should be “deported immediately”

Sen. Tom Cotton (R-AR) on Thursday said TikTok CEO Shou Chew should be “deported immediately” following what the senator described as “disgraceful” testimony before the House Energy and Commerce Committee hearing.

“@tiktok_us CEO Shou Chew’s disgraceful testimony today is beneath contempt. He should be deported immediately and never again allowed to re-enter our country,” Cotton declared, adding that “every employee of TikTok in our country should be forced to register as a foreign agent, as should every one of their lobbyists, PR flaks, and lawyers.”

“They should also hang their heads in shame after shilling for a Chinese Communist Trojan Horse,” Cotton added:

Cotton’s remark follows TikTok CEO Shou Zi Chew’s Thursday testimony before the House Energy and Commerce Committee, in which he denied the use of the term “spying” to describe the actions of TikTok’s parent company ByteDance.

Notably, the FBI and Department of Justice have reportedly launched investigations into ByteDance after the company “acknowledged firing four employees for using the app to track the whereabouts of two journalists in the United States,” as Breitbart News reported.

“I don’t think that ‘spying’ is the right way to describe it,” Chew said during the hearing.

TikTok CEO Shou Chew testifies about the app’s privacy and data security practices in the USA — 3/23/23

TikTok CEO Shou Chew testifies about the app’s privacy and data security practices – 3/23/23

TikTok CEO Shou Chew will testify before the House Energy and Commerce Committee about TikTok’s consumer privacy and data security practices, the platforms’ impact on kids, as well as its relationship with the Chinese Communist Party. ” Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision ” Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis.

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DEVELOPING: Deutsche Bank Stressed… Shares Tumble

DEVELOPING: Deutsche Bank Stressed… Shares Tumble | The Gateway Pundit | by Cristina Laila

Deutsche Bank’s shares tumbled for the third day in a row on Friday after a spike in credit default swaps, CNBC reported.

Deutsche Bank’s shares tumbled for the third day in a row on Friday after a spike in credit default swaps, CNBC reported.

The German lender’s shares fell 11% on Friday as the cost of insuring against its default spiked.

The European banking system is stressed.

Swiss regulators on Saturday raced to seal a deal before Credit Suisse collapsed amid fears of banking contagion.

UBS, Credit Suisse and Swiss bank regulators worked to reach a deal to prevent a collapse.

UBS agreed to buy Credit Suisse for $3.2 billion, the Financial Times reported.

UBS’s Kelleher said the deal is NOT subject to shareholder approval during Sunday’s press conference on Sunday.

CNBC reported:

Deutsche Bank shares fell by more than 11% on Friday following a spike in credit default swaps Thursday night, as concerns about the stability of European banks persisted.

The German lender’s Frankfurt-listed shares retreated for a third consecutive day and have now lost more than a fifth of their value so far this month. Credit default swaps — a form of insurance for a company’s bondholders against its default — leapt to 173 basis points Thursday night from 142 basis points the previous day.

Deutsche Bank’s additional tier-one (AT1) bonds — an asset class that hit the headlines this week after the controversial write-down of Credit Suisse’s AT1s as part of its rescue deal — also sold off sharply.

Deutsche led broad declines for major European banking stocks on Friday, with German rival Commerzbank shedding 9%, while Credit Suisse, Societe Generale and UBS each fell by more than 7%. Barclays and BNP Paribas both dropped by more than 6%.

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Deutsche Bank shares slide as cost of insuring against its default rises

CNBC’s “Squawk Box” reports on Deutsche Bank share sliding following a spike in credit default swaps. The German lender’s shares retreated for a third consecutive day and have now lost more than a fifth of their value so far this month.

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House approves Parents’ Bill of Rights to give Americans more say in their kids’ education despite AOC calling it ‘fascist’ and Schumer labelling it ‘Orwellian to the core’

House approves Parents’ Bill of Rights after AOC calls it ‘fascist’

The House voted to pass its Parents’ Bill of Rights on Friday with zero Democrat votes after Rep. Alexandria Ocasio-Cortez called it ‘fascist.’

  • Rep. Alexandria Ocasio-Cortez said the ‘fascist’ bill would target LGBT youth and censor racial content
  • Sen. Majority Leader Chuck Schumer promised the bill would meet a ‘dead end’ in the Senate
  •  Would require schools to inform parents if school staff begin encouraging or promoting their child’s gender transition

The Republican-led House voted to pass its Parents’ Bill of Rights on Friday with zero Democrat votes after Rep. Alexandria Ocasio-Cortez called it ‘fascist.’ The controversial bill, which gives parents a stronger role in what’s taught in public schools, is not expected to be taken up by the Democratic-majority Senate. 

Critics denounce the legislation saying it has led to book bans, restrictions aimed at transgender students and unhinged board meetings nationwide.

House Speaker Kevin McCarthy said Republicans were ‘keeping our promise, our commitment to America, that parents will have a say in their kids’ education.’

The bill passed 213-208, with five Republicans – primarily members of the House Freedom Caucus – Reps. Matt Rosendale, Mont., Ken. Buck, Colo., Matt Gaetz, Fla., Andy Biggs, Ariz., and Mike Lawler, N.Y. 

 It would require schools to publish course studies and a list of books kept in libraries and affirm parents’ ability to meet with educators, speak at school board meetings and examine school budgets.

Biggs told DailyMail.com he voted no on the bill because ‘it violates the principals of federalism and the federal government is already too involved in education issues.’ 

McCarthy slammed Democrats as an ‘extreme minority party’ for voting against the education bill.’

‘[Parents] now have a say in your kids’ education,’ he told reporters after the vote. ‘You get to know what the reading materials are.’ 

But Rep. Alexandria Ocasio-Cortez said the ‘fascist’ bill would target LGBT youth and censor racial content.  

‘When we talk about progressive values, I can say what my progressive value is, and that is freedom over fascism,’ she said on the House floor. The New York Democrat told Republicans to ‘keep the culture wars out of classrooms.’ 

‘Parents want schools focused on reading, writing and math, not woke politics,’ Rep. Mary Miller, R-Ill., said during an earlier debate.

Advocates for LGBTQ people said the proposal threatens LGBTQ students by potentially forcing them to come out to their families, which can sometimes lead to abuse or abandonment.

‘It’s part of a pattern of attempts we’re seeing where the right wing of the Republican Party is really trying to marginalize LGBTQ people,’ said David Stacy, the government affairs director for Human Rights Campaign, to the Associated Press.

Sen. Majority Leader Chuck Schumer of New York promised the bill would meet a ‘dead end’ in the Senate and called it ‘Orwellian to the core.’

The bill follows a core GOP promise from the midterm campaign to fight against ‘woke’ education trends like critical race theory and gender theory.

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