In case you missed it this week, the NRA supports reviewing regulations, Jared Kushner gets handed a class-action lawsuit, and Brazil is still pretty corrupt.
Baby steps | Late last week, following the tragic mass-shooting in Las Vegas, the NRA announced support to review regulating bump stocks, an attachment that allows semi-automatic rifles to fire ammunition faster. Historically, the Association has been reluctant to endorse any regulations that would impede the 2nd Amendment, but the NRA currently bans the use of bump stocks at their own ranges. But while a review of possibly regulating the add-on has only been talked about, sales of bump stocks have skyrocketed since the tragedy.
Slumlord millionaire | Real estate mogul Jared Kushner, also son-in-law to President Trump, is facing a class-action lawsuit from tenants in Maryland. The suit states that Kushner’s company used aggressive and predatory tactics to collect rent, which included unlawfully charging late fees, filing for eviction, and then charging court fees that were never actually approved by a court. After the fees racked up, the company would apply the tenants’ rent to the charges, throwing them into a cycle of debt. Now renters are fighting back, but considering Kushner’s track record, it could take a while to see any resolution.
The newest Olympic event is corruption | On Thursday, officials in Brazil arrested the chairman of Brazil’s Olympic Committee, Carlos Nuzman, following an investigation into allegations of rampant corruption and scandals in the 2016 Rio Olympics. The next day the International Olympics Committee stripped him of his title, but Nuzman promptly resigned to focus more fully on the charges at hand. Seems like a case of "You can't fire me if I quit."
Strong, independent cryptocurrency | It’s been a bit of a rollercoaster recently for Bitcoin - last month China broke it off with it, banning token sales and shutting down all exchanges. After a few tumultuous weeks in the stocks, the cryptocurrency stabilized and proved they weren’t going anywhere. Now banks want to get in on the deal too, but it’ll be easier said than done. Right now Bitcoin exists largely unregulated, but banks are required to take preventative measures against things like, say, anti-money laundering. Connundrum.
House of cards | The list of misconduct allegations interlaced in the Trump administration continues to grow. Last week, HHS Secretary Tom Price resigned following revelations that he chartered government (read: taxpayer-funded) planes for personal use. That came mere weeks after Secretary of Treasury Steve Mnuchin, tried to pull the same trick. Meanwhile, scientist and policy expert at the Interior Department, Joel Clement, was “removed from his job by Interior Secretary Ryan Zinke” after publicly disclosing the effect of climate change on Alaskan Natives. Clement was moved to a position that he had no background in, leaving him with no option other than to resign. Turns out this might be a smidge illegal, and now there’s yet another investigation in play.
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