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Prosecutors rested their case Monday afternoon in the trial against former Trump campaign chairman Paul Manafort.This comes after 10 days of testimony from 27 witnesses. The defense has not indicated if it will call any witnesses to the stand.Prior to the prosecution resting, a bank official testified that the Federal Savings Bank gave Manafort million in loans and knew that he lied about his financial situation before they were approved by the bank's chairman.James Brennan, a vice president of Federal Savings Bank, said he faced so much pressure from his bank's chairman about Manafort's ability to borrow the million that he lied on a form reviewed by federal regulators and the bank's directors about the stability of the loan."If I had my recommendation ... the loan would not be made," Brennan said in court Monday.Brennan, who wrote a memorandum about a second .5 million loan the bank extended to Manafort, said he had given the loan a rating of "4." But in court Monday, he said he shouldn't have done that.A very stable, high-quality loan would get a rating of "1," and any rating less than "4" wouldn't get approved and would draw regulators' attention because of its instability, he said.When asked by prosecutors why the loan received a 4 rating, Brennan said it was because of "Mr. Calk," referring to the bank's founder, Stephen Calk."It closed because Mr. Calk wanted it to close," Brennan said, referring to one of the loans.Last week, the jury heard testimony that Calk approved the loans as he sought Manafort's help in getting a high-ranking position in the Trump administration.Brennan also said he and his colleagues documented their concerns about Manafort's personal finances. Information about Manafort's company's income, his unpaid debts from his Yankees season ticket and undisclosed mortgages on his other properties in New York raised red flags internally at the bank, he added.Brennan was the 27th prosecution witness to testify against Manafort in the first major test in court for special counsel Robert Mueller, who is currently leading an investigation into Russian interference in the 2016 election.Manafort has been charged with 18 tax and banking crimes. He has pleaded not guilty to all charges.Prosecutors pulled up an email that Brennan sent to colleagues who sat on the bank's loan-approving committee in September 2016. The email detailed some of "the issues we were having" regarding one of Manafort's loan applications, Brennan said.Brennan also described how he asked Stephen Calk's brother, John Calk, another major Federal Savings Bank shareholder, to sign off on the loans to Manafort, but John Calk refused.In all, the bank lost .8 million on the loans it made to Manafort, Brennan said. 2763
Reports indicate that Toys R Us could be the next retailer to file for bankruptcy.The Wall Street Journal reports that the toy retailer could file for Chapter 11 bankruptcy in the next few weeks, just a few months out from the crucial holiday season.According to the Journal, the chain's suppliers are hesitant to ship new items before putting money down. The company is facing a debt of billion stemming from a leveraged buyout in 2005.Toys R Us has already received most of its holiday shipments, but could soon be prevented from receiving any additional toys before the shopping season begins.Toys R Us is just one of a number of retailers who have struggled as Americans have started doing more of their shopping online. Just this year, at least 18 major retailers have announced that they plan on closing a significant number of stores.Read the Wall Street Journal's report here.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1004
Presidential candidate Joe Biden spoke out on Wednesday on the shooting of Jacob Blake in Kenosha, Wisconsin. Blake was shot by police in Wisconsin on Sunday, causing unrest in Kenosha.Two officers from the incident have been placed on administrative leave. But protesters are calling for the officers to be fired and criminally charged for the shooting.Biden confirmed that he has talked to the Blake Family about the shooting.“What I saw on that video makes me sick,” Biden said. “Once again, a black man, Jacob Blake, been shot by the police in the broad daylight, the whole world watching”Biden said he told the Blake Family that “justice must and will be done.”While Biden applauded the protests, he decried the violence surrounding the protests. The violence culminated on Tuesday in the fatal shooting of two people. Police in Illinois arrested a 17-year-old in connection to the shootings.“As I said after George Floyd's murder, protesting brutality is a right and absolutely necessary, but burning down communities is not protest,” Biden said. “It's needless violence. Violence that endangers lives, violence that guts businesses and shutters businesses that serve the community. That's wrong. In the midst of this pain, the wisest words that I've heard spoken so far have come from Julia Jackson, Jacob's mother. She looked at the damage done in her community and she said this, quote ‘This doesn't reflect my son or my family. So let's unite, and heal, do justice, end the violence, and systemic racism in this country now.’Protests are expected to continue in Kenosha on Wednesday. President Donald Trump said that the state’s governor had accepted help from the National Guard, but the state’s governor, Democrat Tony Evers, said that he had not agreed to National Guard assistance, but would welcome federal assistance in a support role. 1859
President Donald Trump’s physical Dr. Sean Conley confirmed Friday that the president is taking an experimental antibody treatment to help him fight the coronavirus following his diagnosis this morning.Dr. Conley said Friday afternoon that Trump is "fatigued."Trump is taking the Regeneron antibody cocktail, which is currently in a clinical trial. Conley said that Trump has been treated with a single 8 gram dose, which Conley said was infused "without incident."Trump is also said to be taking Vitamin D, zinc, famotidine, melatonin and daily aspirin. The Regeneron trial has only been tried on 275 patients as of this week, but the company said earlier this week that it has showed promising results.Regeneron confirmed that Trump was given the treatment under a "compassionate use request.""In the USA, this type of compassionate use program is also known as an Expanded Access Program (EAP) and is intended for patients with serious or life-threatening conditions, who do not have any viable or available treatment options, and are unable to participate in ongoing clinical trials," Regeneron said in a statement. The plan is to enroll 2,000 patients in early studies of the treatment."After months of incredibly hard work by our talented team, we are extremely gratified to see that Regeneron's antibody cocktail REGN-COV2 rapidly reduced viral load and associated symptoms in infected COVID-19 patients," said George D. Yancopoulos, M.D., Ph.D., President and Chief Scientific Officer of Regeneron. "The greatest treatment benefit was in patients who had not mounted their own effective immune response, suggesting that REGN-COV2 could provide a therapeutic substitute for the naturally-occurring immune response. These patients were less likely to clear the virus on their own, and were at greater risk for prolonged symptoms.The treatment is a combination of two monoclonal and was designed specifically to block infectivity of SARS-CoV-2, the virus that causes COVID-19, the company said.“The two potent, virus-neutralizing antibodies that form REGN-COV2 bind non-competitively to the critical receptor binding domain of the virus's spike protein, which diminishes the ability of mutant viruses to escape treatment and protects against spike variants that have arisen in the human population, as detailed in Science.” Regeneron said in a statement. “Preclinical studies have shown that REGN-COV2 reduced the amount of virus and associated damage in the lungs of non-human primates.”According to Regeneron, the treatment has been tried on hospitalized and non-hospitalized patients and as a preventative for those who have had close contact with coronavirus patients. So far, the drug has been particularly promising for non-hospitalized patients.Regeneron said the treatment reduces the viral load from the coronavirus, and boosts the body’s immune response to the virus. 2890
Rep. Claudia Tenney, an upstate New York Republican who is up for re-election in one of the most competitive congressional districts in America, told a radio host in Albany that Democrats are more prone to be mass shooters.Speaking to host Fred Dicker on WGDJ radio, Tenney was discussing the shooting in Parkland, Florida that left 17 people dead when she made the remark."It's interesting that so many of these people that commit the mass murders end up being Democrats," Tenney said. "But the media doesn't talk about that." 546