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Trump threatens to pull support for Argentina if its politics move leftward
Court News |
2025/10/15 07:44
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President Donald Trump on Tuesday threatened to pull assistance for Argentina — led by a political kindred spirit whose philosophy is similar to that of the Republican administration — if the nation’s internal politics don’t align with his interests in upcoming elections.
The comments came during a meeting with Argentine President Javier Milei, whose country is set to hold midterm elections for its legislative body later this month. U.S. presidents typically do not weigh in on the candidates in other countries’ democratic elections.
Referring to an opponent who was “extremely far-left” and encompassed a “philosophy that got Argentina into this problem in the first place,” Trump warned that the United States wouldn’t “waste our time” with largesse toward Buenos Aires if Milei does not prevail. In addition to the midterms that will be a referendum on his policies, Milei himself is up for reelection in 2027.
“We’re not going to let somebody get into office and squander the taxpayer money from this country. I’m not gonna let it happen,” Trump said from the Cabinet Room as he prepared to eat lunch with Milei. “If he loses, we are not going to be generous with Argentina.”
Even so, Trump insisted that the $20 billion assistance to Argentina, which administration officials strenuously deny is a bailout, was about helping “our neighbors” rather than any ties to the upcoming midterms.
“It’s just helping a great philosophy take over a great country,” the U.S. president said. “Argentina is one of the most beautiful countries that I’ve ever seen, and we want to see it succeed. It’s very simple.”
U.S. Treasury Secretary Scott Bessent added that the administration believed Milei’s coalition in the upcoming midterms would “do quite well and continue his reform agenda.”
As he opened his lunch with Milei, Trump noted that the Argentine president, who is an economist by trade, is “MAGA all the way.” That traditionally refers to his campaign slogan, “Make America Great Again,” but this time, it also meant “Make Argentina Great Again.”
Trump’s meeting with Milei was already making waves back in Argentina, with Cristina Fernandez de Kirchner, leader of the left-leaning Peronist opposition and a two-term former president, writing on social media: “Trump to Milei: ´Our agreements are subject to whoever wins election´. Argentines ... you know what to do!”
The former president is serving a six-year sentence under house arrest since June for corruption, but she remains the most influential leader of Peronism, an ideologically flexible, labor rights-focused populist movement, which emerged in the 1940s and dominated politics for decades.
Ahead of his White House meeting and during it Milei lavished praise on Trump, deploying a tactic that has helped transform Milei’s cash-strapped country into one of the Trump administration’s closest allies.
In the days that followed, Argentine Economy Minister Luis Caputo spent hours in meetings in Washington trying to seal the deal.
Reassurance came last Thursday, when Bessent announced that the U.S. would allow Argentina to exchange up to $20 billion worth of pesos for an equal sum in dollars. Saying that the success of Milei’s program was “of systemic importance,” Bessent added that the U.S. Treasury directly purchased an unspecified amount of pesos.
For the Trump administration, the timing was awkward as it struggles to manage the optics of bailing out a nine-time serial defaulter in the middle of a U.S. government shutdown that has led to mass layoffs. Democratic lawmakers and other critics have slammed it as an example of Trump rewarding loyalists at the expense of American taxpayers.
Later Thursday, Sen. Elizabeth Warren of Massachusetts — who was singled out during the White House meeting by both Bessent and Trump — tried to advance a bill that would block the $20 billion in U.S. assistance, but the gambit failed in the Republican-controlled Senate.
Another topic that had been on the agenda was the Stargate project, which would expand a network of massive artificial intelligence centers to Latin America, according to a person with knowledge of the plans who was granted anonymity to speak about private discussions.
Argentina could be home to Latin America’s first Stargate, which is a joint initiative from OpenAI, Oracle and SoftBank that will build a network of big data centers that would power OpenAI’s artificial intelligence technology. It’s an initiative that’s been championed by Trump himself.
Milei also joined a ceremony at the White House honoring Charlie Kirk, the prominent right-wing political activist who was fatally shot last month. Milei often crossed paths with Kirk on the speaking circuit of the ascendant global right.
There has been no word on how Argentina, the IMF’s largest debtor, will end up paying the U.S. back for this $20 billion, which comes on top of IMF’s own loan for the same amount in April. And that one came on top of an earlier IMF loan for $40 billion.
Despite all the help, Milei’s government already missed the IMF’s early targets for rebuilding currency reserves.
“The U.S. should be concerned that Argentina has had to return for $20 billion so quickly after getting $14 billion upfront from the IMF,” said Brad Setser, a former Treasury official now at the Council on Foreign Relations.
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Madagascar’s president flees after soldiers turned against him
Court News |
2025/10/11 07:45
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Madagascar President Andry Rajoelina left the country after an elite military unit turned against the government in an apparent coup that followed weeks of youth-led protests, an opposition lawmaker in the Indian Ocean country said Monday.
The lawmaker’s comments came shortly before Rajoelina was due to appear on national television and radio to make a speech to the people of Madagascar. The president’s office said his speech was scheduled to be broadcast at 7 p.m. local time (1600 GMT), but was delayed after a group of soldiers attempted to take over the state broadcaster.
His office didn’t say if he was still in Madagascar amid reports he had fled on Sunday on a French military plane.
The anti-government protests, which were initially led by Gen-Z demonstrators, began on Sept. 25 but reached a turning point on Saturday when soldiers from the elite CAPSAT military unit accompanied protesters to a square in the capital, Antananarivo, and called for Rajoelina and several government ministers to step down.
The unit, which helped Rajoelina first come to power as transitional leader in a military-backed coup in 2009, said that it had taken charge of all the armed forces in Madagascar.
Siteny Randrianasoloniaiko, the leader of the opposition in parliament, said that Rajoelina “ran away” from the country after soldiers turned against him.
Rajoelina’s office had said Sunday that “an attempt to seize power illegally and by force” was underway in the nation of 31 million off the east coast of Africa. He has not appeared in public since the revolt by soldiers and his current whereabouts are unknown. A spokesperson for the president didn’t respond to phone calls and messages.
Following a report that France had flown Rajoelina and his family out of Madagascar on one of its military planes, French Foreign Ministry spokesperson Pascal Confavreux declined to comment.
Madagascar is a former French colony. Rajoelina reportedly has French citizenship, a source of discontent among Madagascans.
Madagascar’s former prime minister under Rajoelina and one of the president’s closest advisors had left the country and arrived in the nearby island of Mauritius in the predawn hours of Sunday, the Mauritian government said, adding it was “not satisfied” that the private plane had landed on its territory.
Rajoelina hasn’t identified who was behind the attempted coup, but the CAPSAT military unit appeared to be in a position of authority and on Sunday appointed a general as the new head of Madagascar’s armed forces, which was accepted by the defense minister.
A commander of CAPSAT, Col. Michael Randrianirina, said that his soldiers had exchanged gunfire with security forces who were attempting to quell weekend protests, and one of his soldiers was killed. But there was no major fighting on the streets, and soldiers riding on armored vehicles and waving Madagascar flags were cheered by people in Antananarivo.
Randrianirina said that the army had “responded to the people’s calls,” but denied there was a coup. Speaking at the country’s military headquarters on Sunday, he told reporters that it was up to the Madagascan people to decide what happens next, and if Rajoelina leaves power and a new election is held.
The U.S. Embassy in Madagascar advised American citizens to shelter in place because of a “highly volatile and unpredictable” situation. The African Union urged all parties, “both civilian and military, to exercise calm and restraint.”
Madagascar has been shaken by three weeks of the most significant unrest in years. The anti-government protests, which erupted over water and electricity outages, were led by a group calling itself “Gen Z Madagascar.” The United Nations says the demonstrations left at least 22 people dead and dozens injured. The government has disputed this number.
The protests snowballed into larger dissatisfaction with the government and the leadership of Rajoelina. The demonstrators have brought up a range of issues, including poverty and the cost of living, access to tertiary education, and alleged corruption and embezzlement of public funds by government officials, as well as their families and associates. |
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Trump executive order gives politicians control over all federal grants
Court News |
2025/08/08 07:04
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An executive order signed by President Donald Trump late Thursday aims to give political appointees power over the billions of dollars in grants awarded by federal agencies. Scientists say it threatens to undermine the process that has helped make the U.S. the world leader in research and development.
The order requires all federal agencies, including FEMA, the National Science Foundation and the National Institutes of Health, to appoint officials responsible for reviewing federal funding opportunities and grants, so that they “are consistent with agency priorities and the national interest.”
It also requires agencies to make it so that current and future federal grants can be terminated at any time — including during the grant period itself.
Agencies cannot announce new funding opportunities until the new protocols are in place, according to the order. The Trump administration said these changes are part of an effort to “strengthen oversight” and “streamline agency grantmaking.” Scientists say the order will cripple America’s scientific engine by placing control over federal research funds in the hands of people who are influenced by politics and lack relevant expertise.
“This is taking political control of a once politically neutral mechanism for funding science in the U.S.,” said Joseph Bak-Coleman, a scientist studying group decision-making at the University of Washington.
The changes will delay grant review and approval, slowing “progress for cures and treatments that patients and families across the country urgently need,” said the Association of American Medical Colleges in a statement.
The administration has already terminated thousands of research grants at agencies like the NSF and NIH, including on topics like transgender health, vaccine hesitancy, misinformation and diversity, equity and inclusion.
The order could affect emergency relief grants doled out by FEMA, public safety initiatives funded by the Department of Justice and public health efforts supported by the Centers for Disease Control. Experts say the order is likely to be challenged in court.
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Trump plans 100% tariff on computer chips, unless companies build in US
Court News |
2025/08/05 06:24
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President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age.
“We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the Oval Office while meeting with Apple CEO Tim Cook. “But if you’re building in the United States of America, there’s no charge.”
The announcement came more than three months after Trump temporarily exempted most electronics from his administration’s most onerous tariffs.
The Republican president said companies that make computer chips in the U.S. would be spared the import tax. During the COVID-19 pandemic, a shortage of computer chips increased the price of autos and contributed to higher inflation.
Investors seemed to interpret the potential tariff exemptions as a positive for Apple and other major tech companies that have been making huge financial commitments to manufacture more chips and other components in the U.S..
Big Tech already has made collective commitments to invest about $1.5 trillion in the U.S. since Trump moved back into the White House in January. That figure includes a $600 billion promise from Apple after the iPhone maker boosted its commitment by tacking another $100 billion on to a previous commitment made in February.
Now the question is whether the deal brokered between Cook and Trump will be enough to insulate the millions of iPhones made in China and India from the tariffs that the administration has already imposed and reduce the pressure on the company to raise prices on the new models expected to be unveiled next month.
Wall Street certainly seems to think so. After Apple’s stock price gained 5% in Wednesday regular trading sessions, the shares rose by another 3% in extended trading after Trump announced some tech companies won’t be hit with the latest tariffs while Cook stood alongside him.
The shares of AI chipmaker Nvidia, which also has recently made big commitments to the U.S., rose slightly in extended trading to add to the $1 trillion gain in market value the Silicon Valley company has made since the start of Trump’s second administration.
The stock price of computer chip pioneer Intel, which has fallen on hard times, also climbed in extended trading.
Inquiries sent to chip makers Nvidia and Intel were not immediately answered. The chip industry’s main trade group, the Semiconductor Industry Association, declined to comment on Trump’s latest tariffs.
Demand for computer chips has been climbing worldwide, with sales increasing 19.6% in the year-ended in June, according to the World Semiconductor Trade Statistics organization.
Trump’s tariff threats mark a significant break from existing plans to revive computer chip production in the U.S. that were drawn up during the administration of President Joe Biden.
Since taking over from Biden, Trump has been deploying tariffs to incentivize more domestic production. Essentially, the president is betting that the threat of dramatically higher chip costs would force most companies to open factories domestically, despite the risk that tariffs could squeeze corporate profits and push up prices for mobile phones, TVs and refrigerators.
By contrast, the bipartisan CHIPS and Science Act that Biden signed into law in 2022 provided more than $50 billion to support new computer chip plants, fund research and train workers for the industry. The mix of funding support, tax credits and other financial incentives were meant to draw in private investment, a strategy that Trump has vocally opposed. |
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Colorado deputies disciplined for helping federal immigration agents
Court News |
2025/08/01 06:21
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Two Colorado deputies have been disciplined for violating state law by helping federal agents make immigration arrests, and their sheriff says officers from other agencies have done the same.
One of the deputies, Alexander Zwinck, was sued by Colorado’s attorney general last week, after his cooperation with federal immigration agents on a drug task force was revealed following the June arrest of a college student from Brazil with an expired visa.
Following an internal investigation, a second Mesa County Sheriff’s Office deputy and task force member, Erik Olson, was also found to have shared information. The two deputies used a Signal chat to relay information to federal agents, according to documents released Wednesday by the sheriff’s office.
Zwinck was placed on three weeks of unpaid leave, and Olson was given two weeks of unpaid leave, Mesa County Sheriff Todd Rowell said in a statement. Both were removed from the task force.
Two supervisors also were disciplined. One was suspended without pay for two days, and another received a letter of reprimand. A third supervisor received counseling.
State laws push back against Trump crackdown
The lawsuit and disciplinary actions come as lawmakers in Colorado and other Democratic-led states have crafted legislation intended to push back against President Donald Trump’s immigration crackdown.
Since Trump took office, pro-immigrant bills have advanced through legislatures in Illinois, Vermont, California, Connecticut and other states. The measures include stronger protections for immigrants in housing, employment and police encounters.
Trump has enlisted hundreds of state and local law enforcement agencies to help identify immigrants in the U.S. illegally and detain them for potential deportation. The Republican also relaxed longtime rules restricting immigration enforcement near schools, churches and hospitals.
Zwinck was sued under a new state law signed by Gov. Jared Polis about two weeks before the arrest of the student from Brazil. It bars local government employees including law enforcement from sharing identifying information about people with federal immigration officials. Previously, only state agencies were barred from doing that. It’s one of a series of laws limiting the state’s involvement in immigration enforcement passed over the years that has drawn criticism and a lawsuit from the federal government.
The U.S. Department of Justice has also sued Illinois and New York, as well as several cities in those states and New Jersey, alleging their policies violate the U.S. Constitution or federal immigration laws.
Officers say they were following established procedures
Zwinck and Olson told officials they thought they were operating according to long-standing procedures.
However, the internal investigation found they had both received and read two emails prior to the passage of the new law about previous limits on cooperation with immigration officials. The most recent was sent on Jan. 30, 2025, after an official for Homeland Security Investigations, part of Immigration and Customs Enforcement, had asked state and local law enforcement officers at a law enforcement meeting to contact HSI or ICE if they arrested a person for a violent crime who was believed not to be a citizen, the investigation documents said. The email said not to contact HSI or ICE.
Zwinck said he didn’t know about the new law and was not interested in immigration enforcement.
“When I was out there, I wanted to find drugs, guns and bad guys,” Zwinck said at a July 23 disciplinary hearing. “And sending that information to HSI they provided the ability to give me real time background information on the person I was in contact with,” he said.
Olson, who said he had been with the sheriff’s office 18 years, testified at his disciplinary hearing that it was “standard practice” to send information up to federal agents during traffic stops.
“It was routine for ICE to show up on the back end of a traffic stop to do their thing,” Olson said. “I truly thought what we were doing was condoned by our supervision and lawful.”
A lawyer at a law firm listed as representing both deputies, Michael Lowe, did not immediately return a telephone call or email seeking comment.
Rowell said drug task force members from other law enforcement agencies, including the Colorado State Patrol, also shared information with immigration agents on the Signal chat. The state patrol denied the claim.
The sheriff faulted Attorney General Phil Weiser for filing the lawsuit against Zwinck before a local internal investigation was complete. He called on the Democrat, who is running for governor, to drop it.
“As it stands, the lawsuit filed by the Attorney General’s Office sends a demoralizing message to law enforcement officers across Colorado — that the law may be wielded selectively and publicly for maximum political effect rather than applied fairly and consistently,” he said.
Weiser said last week that he was investigating whether other officers in the chat violated the law.
Spokesperson Lawrence Pacheco said Weiser was presented with evidence of a “blatant violation of state law” and had to act.
“The attorney general has a duty to enforce state laws and protect Coloradans and he’ll continue to do so,” Pacheco said.
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo |
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