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We Kiwis are a content lot, but trouble looms over the horizon – Stuff.co.nz

Damien Grant is a regular columnist for Stuff, and a business owner based in Auckland. He writes from a libertarian perspective and is a member of the Taxpayers Union but not of any political party.

OPINION: We are a content lot. Secure in our Shire as Omicron batters away at our MIQ like orcs raging against the citadel of Minas Tirith. We are remarkably sanguine given what is occurring just over the horizon.

Going about life behind our mighty moat, there is a feeling that we are fine, no matter what happens on the other side of the Misty Mountains.

We need to pay more attention.

READ MORE:* An economic catastrophe is looming* The Reserve Bank is in disarray* Housing rule changes hit retirement plans to help middle-class moaners* The Government's Covid-19 spending will be an economic albatross for decades

There have been enough articles, books and even movies dedicated to the Global Financial Crisis (GFC) to fill Lake Taup; yet lost in the sheer volume was where it all began. And it began in the back blocks of American suburbia and the unintended consequences of the US federal governments noble desire to expand home ownership to the poor.

STUFF

Investors now own 36 per cent of all Kiwi homes, new research shows.

This process had a long history over multiple administrations, but one of the regulatory effects was to give banks an incentive to make loans to low-income households. It is clear that this played a role in the development of predatory lending practices, such as teaser and no-doc loans.

Many commentators, myself included, believe that these and similar practices contributed to the sub-prime crisis. Others hotly dispute this.

What isnt contested is that by the mid-2000s America was enjoying a house price bubble. From 2004 the Federal Reserve began to raise interest rates, which contributed to a fall in house prices and a sharp rise in housing loan defaults. Eventually, a financial house of cards that had been built on institutions who owed these now-toxic loans, fell over.

We know what happened next, but we forget that no one saw the GFC coming. I mean, no one. Not really. It is true there are pundits now pointing to pre-GFC articles predicting some calamity, but there is always some idiot forecasting an economic collapse.

If you dont believe me, just go back and read my last decade of columns. Ive confidently anticipated all sorts of economic disasters that have not occurred. One day I will get something right and will be crowing insufferably about it from that day forth.

My point, which I have taken some time to get to, is that we do not know what will cause the next big thing, because we keep looking back at the last big thing and expecting it to repeat. It rarely does because knowledge works like a vaccine. We see it coming and prepare for it.

We cant stop what we cannot predict.

Because my business and temperament is built around catching the next wave of economic bad news, I am consistently looking for evidence that it is coming, yelling like an exuberant dwarf stumbling over a lost penny when I find it. Predictably I am let down by the failure of the real world to respond appropriately.

As a consequence, I was self-aware enough not to get excited as Evergrande, an incomprehensively massive Chinese developer, fell over this week. Financial journalists appeared even more excited than me as they tapped out breathless stories about the size of the default and the implications for the global economy.

Ng Han Guan/AP

The Evergrande Group headquarters at left is seen near other skyscrapers and construction sites in Shenzhen in southern China's Guangdong province, Friday, Sept. 24, 2021.

I do not think this will amount to anything, because the monetary authorities in Beijing have seen it coming and will have observed how the Americans handled similar defaults. They will probably successfully navigate the financial fallout of Evergrandes demise without their entire economy contracting.

Yet; there is something else occurring in China that isnt being widely reported and, consequently, is more interesting to me. LGFVs, or Local Government Financing Vehicles. Id never heard of this odd financial instrument until I read an article in The Economist during the Christmas break. Now I am seeing them everywhere.

LGFVs became popular in China after the GFC. They are loans raised by Chinese provincial authorities to build infrastructure projects; at least nominally. They are usually off-balance-sheet and secured by the returns from the projects they funded.

According to the South China Morning Post, most of these loans are short-term, while the returns from the projects have proven to be inadequate to cover the debt.

The Economist and others have reported that the scale of these opaque instruments is massive, rising from 16 trillion yuan in 2013 to 53 trillion yuan today. This is equal to half of Chinas GDP.

Local authorities are beginning to default. Assuming that LGFVs constitute a substantial part of a large number of global balance sheets, a systemic China-wide default would have a greater impact on the Chinese economy than the sub-prime loan defaults did in the United States. The sheer scale of the problem could be beyond even Beijings ability to contain.

AP

China's President Xi Jinping.

When we look back at the GFC, it helps to remind ourselves that even though this economic collapse happened on the other side of the Pacific, the contagion spread to our shores. Today our trade with China is considerably more important than our commercial relationship with our American friends. Our exports to the Middle Kingdom are worth around $20 billion annually.

If that market falls over we will lose not just a substantial export market but expect to see a massive repatriation of capital as Chinese investors pull cash out of New Zealand. Readers would be surprised by the extent of Chinese capital propping up large sectors of our economy, especially in construction.

Of course, none of this might happen. Or it could happen tomorrow. What should concern us, sitting smugly behind our quarantined moat, is that we are plugged into a deeply uncertain global economy with risks and potholes that we neither know about nor would really understand if they were explained to us.

Like Frodo and his band of merry halflings we are wandering blissfully into a dangerous environment not really comprehending the risks that abound, and ill-equipped for the challenges certain to be tossed our way. Let us hope that our pluck and charm will serve us as well as it did Tolkiens little creations.

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We Kiwis are a content lot, but trouble looms over the horizon - Stuff.co.nz

Eric Trump Invoked Fifth Amendment About 500 Times, N.Y. AG Says – Bloomberg

  1. Eric Trump Invoked Fifth Amendment About 500 Times, N.Y. AG Says  Bloomberg
  2. Eric Trump spent six hours pleading the Fifth Amendment more than 500 times  Salon
  3. Eric Trump invoked the Fifth Amendment 500 times, NY AG says  syracuse.com
  4. Eric Trump, Weisselberg Invoked 5th Amendment Rights More Than 500 Times  Business Insider
  5. Ivanka's apartment, Eric pled the fifth 500 times: Inside Letitia James' Trump report  The Independent
  6. View Full Coverage on Google News

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Eric Trump Invoked Fifth Amendment About 500 Times, N.Y. AG Says - Bloomberg

ION announces forbearance and amendment related to its revolving credit agreement, forbearance agreement related to its senior secured second priority…

HOUSTON, Jan. 14, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO)

Forbearance and Amendment related to Revolving Credit Agreement, Forbearance Agreement related to Senior Secured Second Priority Notes due 2025

ION announced that it has entered into a Forbearance and Fifth Amendment with PNC Bank, National Association (PNC), under its Revolving Credit and Security Agreement dated August 22, 2014 (as amended, the Credit Agreement), pursuant to which PNC has agreed to waive, through and including February 15, 2022, a cross default that would have occurred under the Credit Agreement as ION has not yet paid the scheduled interest payment due on December 15, 2021, on its 8.00% Senior Secured Second Priority Notes due 2025 (the 2025 Notes) prior to the expiration of the 30-day grace period under the 2025 Notes indenture. In addition, ION also announced that it had entered into agreements with holders of more than 79% of its 2025 Notes to forbear until February 15, 2022 from enforcing their rights and remedies arising as a result of IONs failure to make the December 15, 2021 interest payment due on the 2025 Notes. The forbearances are subject to the terms and conditions of the relevant agreements with PNC and the note holders, which are described in more detail in our current report on Form 8-K filed with the SEC.

ION remains in continuing discussions with PNC and the holders of its 2025 Notes and other indebtedness regarding various strategic alternatives to strengthen its financial position and maximize stakeholder value. These strategic alternatives include, among others, a sale or business combination transaction or sales of assets, any of which may be executed as part of an in-court or out-of-court restructuring process.

Preliminary fourth quarter 2021 revenues of ~$40 million, a 45% increase year-over-year

ION also announced that the Company expects fourth quarter 2021 revenues to be approximately $40 million, an increase of 45% year-over-year. While expected fourth quarter 2021 revenues declined by 10% sequentially, second half fiscal year revenues delivered an increase of approximately 150% over the first half years revenues.

Story continues

Fourth quarter revenues improved year-over-year, consistent with our expectations of momentum building from our growing data library and maritime digitalization strategy, said Chris Usher, IONs President and Chief Executive Officer. Sales of the latest phases of our Brazil 3D reprocessing program, Picanha, illustrate the value clients ascribe to this program which now tops over 150,000 contiguous square kilometers in the Campos and Santos basins. The third and fully underwritten extension of our new 3D program in the North Sea has concluded acquisition for the season. Our traditional BasinSPAN 2D programs continue to demonstrate resilience through sales in Africa and Brazil, despite the pullback in exploration spending. And lastly, our software business continues to expand into new markets. On December 17, 2021, we announced awards for MarlinTM in the areas of simultaneous operations and country-scale port management. Our latest contract is for a five-year deployment of Marlin to optimize offshore logistics in the Asia Pacific region for a supermajor.

About ION

Leveraging innovative technologies, ION delivers powerful data-driven decision-making to offshore energy and maritime operations markets, enabling clients to optimize investments and results through access to our data, software and distinctive analytics. Learn more at iongeo.com.

The information herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include information and other statements that are not of historical fact. Actual results may vary materially from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include the risks associated with the timing and development of ION Geophysical Corporation's products and services pricing pressure decreased demand changes in oil prices agreements made or adhered to by members of OPEC and other oil producing countries to maintain production levels the COVID-19 pandemic the ultimate benefits of our completed restructuring transactions; political, execution, regulatory, and currency risks; the outcome or changes, if any, of our consideration of various strategic alternatives; and the impact to our liquidity in the current uncertain macroeconomic environment. For additional information regarding these various risks and uncertainties, see our Form 10-K for the year ended December 31, 2020, filed on February 12, 2021, and our Forms 10-Q for the quarters ended March 31, 2021, June 30, 2021, and September 30, 2021, filed on May 6, 2021, August 12, 2021, and November 3, 2021, respectively. Additional risk factors, which could affect actual results, are disclosed by the Company in its filings with the Securities and Exchange Commission (SEC), including its Form 10-K, Form 10-Qs and Form 8-Ks filed during the year. The Company expressly disclaims any obligation to revise or update any forward-looking statements.

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ION announces forbearance and amendment related to its revolving credit agreement, forbearance agreement related to its senior secured second priority...

Transcript: The Last Word with Lawrence O’Donnell, 1/18/22 – MSNBC

Summary

The January 6 investigators subpoena top Trump allies who publicly promoted false claims about 2020 election. Interview with Rep. Zoe Lofgren (D-CA), a member of the January 6 investigation. Interview with Minnesota Democratic U.S. Senator Amy Klobuchar. A series called "A House Divided" will offer a range of thoughtful and educated guesses in response to the question, "Is a civil war ahead?"

LAWRENCE O`DONNELL, MSNBC HOST: And, Rachel, I`ll be watching the press conference in some version of recline. Probably at that hour, partial recline, and taking notes. That`s work, right, if you`re doing it at home, that comes at work?

RACHEL MADDOW, MSNBC HOST, "TRMS": Did you just brag to me you`ll be in a recliner?

O`DONNELL: It`s going to be -- it will be -- by that time, it will be an actual sofa but --

MADDOW: Oh, wow. Even worse.

O`DONNELL: There won`t be a desk anywhere near me. Nothing that looks like a work environment, but I`ll be -- I`ll be working. I`ll be hanging on every word, I`ll be taking notes, I`ll be, you know?

MADDOW: Listen, it`s still COVID time. What is a work environment anymore, right? I haven`t worn public facing pants in two years now.

O`DONNELL: Yeah, and your pants prior to COVID were not --

(LAUGHTER)

O`DONNELL: You were not --

MADDOW: Touche.

O`DONNELL: You were not the "Vogue" idea of an anchorwoman. OK, "Vogue" was never coming by saying let`s do the Rachel work wardrobe.

MADDOW: I don`t know. I don`t know. I think you might under estimate how weird "Vogue" has gotten.

O`DONNELL: It`s their mistake if they don`t get around to that.

MADDOW: I think we should stop digging before we get into deeper into this hole, Lawrence.

O`DONNELL: Yeah, we`re done. We`re done.

MADDOW: Bye. See you tomorrow.

O`DONNELL: Thank you, Rachel. Thank you.

MADDOW: Bye.

O`DONNELL: Thank you.

Well, today an elderly man in New York City with no visible means of support who has publicly demonstrated strong symptoms of extreme cognitive decline was subpoenaed to tell what he knows about a conspiracy to overturn the results of the last presidential election. Rudolph Giuliani who was dropped from New York law firm in 2018 and is now and is now temporarily disbarred from practicing law in New York and Washington D.C. as he awaits the inevitable permanent disbarment in both places, received a subpoena from the House Select Committee investigating the January 6th attack on the Capitol.

Rudolph Giuliani has more than one reason to plead the Fifth Amendment to the committee and refusing to answer it`s questions. First, Rudolph Giuliani is currently the subject of a criminal investigation into New York City where the FBI raided his home last year to collect evidence, an event Giuliani described as, quote, completely illegal and unconstitutional, end quote, even though Giuliani himself had supervised such raids when he was the U.S. attorney in Manhattan in the 1980s.

That criminal investigation is about Rudolph Giuliani`s possible criminal activities in Ukraine on behalf of Donald Trump and himself. That is not something that the committee wants to ask Giuliani about, but the committee`s letter to Giuliani today covers several areas that could involve federal and state crimes.

The committee`s letter to Rudolph Giuliani says in part, quote, you publicly promoted claims the 2020 election was stolen and participated an attempt to disrupt or delay the certification of the election based on your allegations between mid November 2020 and January 6th, 2021, and thereafter, you actively promoted claims of election fraud on behalf of former President Trump and sought to convince state legislators to take steps to overturn the election results.

According to witness testimony and public reporting in December 2020, you urged President Trump to direct the seizure of voting machines around the country after being told that the Department of Homeland Security had no lawful authority to do so.

According to public reporting, on January 6th and in the days prior, you were in contact with then President Trump and members of Congress regarding strategies for delaying or overturning the results of the 2020 election.

Three other possible criminal co-conspirators received subpoenas from the committee today, Sidney Powell, Jenna Ellis and Boris Epshteyn. Attorney Sidney Powell has already been sanctioned and recommended for possible disbarment by Judge Linda Parker who ordered her to pay $175,000 in attorney`s fees to the state of Michigan for initiating a frivolous lawsuit about the presidential election in Michigan.

[22:05:11]

Sidney Powell raised millions of dollars by telling her fundraising victims the lie that she was working to reverse the outcome of the presidential election. Last fall, federal prosecutors subpoenaed the financial records of fundraising organizations that she created.

The committee`s letter to Powell says in part, quote, you urged President Trump to direct the seizure of voting machines around the country to find evidence that foreign adversaries hacked those machines and altered the results of the election.

Sidney Powell will no doubt seek the protection of the Fifth Amendment to refuse to answer questions about those possible crimes. In the committee`s letter to Attorney Jenna Ellis, the committee said in part, quote, you prepared and circulated two memos pro purporting to analyze the constitutional authority for the vice president to reject ordeal lay counting electoral votes from states that had submitted alternate slates of electors.

The committee`s letter to Boris Epstein who fired from the White House staff of Donald Trump in the first year of that administration says in part, quote, you participated in a press conference on November 19th, 2020 during which attorneys for the Trump campaign promoted claims of election fraud. Publish reports had placed you at meetings at the Willard Hotel in days leading up to January 6th and you are reported to have participated in a call with former President Trump on the morning of January 6th during which options were discussed to delay the certification of election results in light of Vice President Pence`s unwillingness to deny or delay certification.

Rudolph Giuliani and other witnesses subpoenaed today have to ask themselves how much do they want to spend in attorney`s fees starting today fighting the subpoenas? Rudy Giuliani has already complained about Donald Trump`s refusal to pay Giuliani`s legal bills.

The most expensive course of action for these witnesses is to try to go to court to fight the subpoenas that. The cheapest course of action is to show up at the date and time requested by the committee and plead the Fifth Amendment to virtually every question.

The subpoenas demand that each of the witnesses produce documents to the committee on February 1 and testify on February 8th.

Leading off our discussion tonight is Democratic Congresswoman Zoe Lofgren of California. She is chair of the House Administration Committee and a member of the select committee investigating the January 6th attack on the Capitol.

Congresswoman Lofgren, thank you very much for joining us on this very important night for the January 6th Committee.

What -- do you have any indication at this point from any of these subpoenaed witnesses how they are going to respond?

REP. ZOE LOFGREN (D-CA): I do not, Lawrence. I would hope they would come forward and tell us everything they know if they`re proud of the activities they engaged in and should want to come in and tell the committee everything they did, the subpoenas that have been sent forward. We expect them to compile. Certainly the documents must be sent in. There is no Fifth Amendment privilege in the documents unless producing them themselves would be a crime and we hope they`ll come in and answer questions. We have a lot of questions.

O`DONNELL: There is obvious -- with Rudy Giuliani just to start with him, there is obviously a zone of Fifth Amendment protection that he would want in facing these questions. He`s already known to be the subject of a federal criminal investigation. He has already been temporarily disbarred for some of the conduct that you want to talk to him about.

And so I assume the committee in your discussions have anticipated the possibility that a witness like Mr. Giuliani might show up and take the Fifth Amendment for virtually every question after his name and address.

LOFGREN: Well, the state of law is if you think you would incriminate yourself criminally and want to be protected by the Fifth Amendment right against self-incrimination, you have to come into the committee and assert that right question by question. The reason for that is then the committee has another decision to make, which is whether to seek use immunity from that claim.

If we decide that is wise and that decision has not yet been made, then you would be required to testify as to the matters and that testimony to the committee could not be used in your later prosecutions.

[22:10:05]

So that would be a subsequent decision that committee would have to sort through and case by case, question by question witness by witness.

O`DONNELL: The committee started on subpoenas that with Steve Bannon and since then, though, seems to have been working upward through the sort of pyramid of all of this.

Is this set of subpoenas what you would consider the top of the period just shy of the president and vice president?

LOFGREN: Not necessarily. You`re right. We have heard from hundreds of witnesses, you know, the news story is when someone high profile refuses to testify, meanwhile, hundreds of others are coming into the committee to answer our questions and we have received quite a bit of we`re piecing it together. These subpoenas that are to individuals who appear to be very involved in the plot to overturn the election. We want to ask them for questions about that but it`s not the end of the inquiry.

O`DONNELL: There is reporting tonight that the committee has subpoenaed the phone records of Eric Trump and Kimberly Guilfoyle who is involved with Donald Trump Jr.

What can you tell us about that?

LOFGREN: Well, I think it`s important to note that there`s -- we haven`t sought the content of any records. The records that are being sought have to do with the location, the length of time, phone numbers that were called or where texts were sent, but not the actual content. But it will help answer some questions, fill in some holes from other testimony we`ve received, test whether the testimony we`ve received is reliable. So, it`s important.

O`DONNELL: So, in effect is a phone bill that you`re asking for, it`s what we see on phone bills.

LOFGREN: Right.

O`DONNELL: This call was placed at this time to this phone number or a text was sent at this time to this phone number. No content of the communication at all.

LOFGREN: That`s correct.

O`DONNELL: And from that you get to basically form questions, I assume, about the content. You see a communication going from this person to another person. What if you want to know that content? Is the only way to get it is to ask questions of the people involved in the content?

LOFGREN: Quite possibly.

But I will say as we`ve got over 50,000 documents that have been released to us and so if you can compare some of the documents to the records, you can put together a piece of information, may led to questions for other individuals or it may be putting together the pieces of testimony we`ve already received but I think it is important to note that at this point, it is just the data. It`s not the content.

O`DONNELL: Congresswoman Lofgren, the chair of your committee, Bennie Thompson, has said that the committee is going to go public. You`re going to have public hearings. It sounded like it could be in January. It could be this month.

What can you tell us about the public hearings schedule of the committee?

LOFGREN: I`m going to let the chairman make that announcement. But we are going to have hearings when we are ready with the full picture and probably will be a series of hearings, not just one. Some of what the timing relates to is how soon the court denies cert to the former president`s request unleashing we hope soon documents from the National Archives. We expect that will fill in a lot of questions and allow us to accelerate the speed.

But I`ll tell you, we`re working very hard. There are depositions that begin early, practically every morning, multiple depositions. The members of the committee participate in them every day. The committee meets at least once, sometimes twice a week, going through what we found in the next step.

So it very active piece of work. It`s one of the most intense endeavors I`ve been involved in my years in Congress.

O`DONNELL: Congresswoman Zoe Lofgren, thank you very much for starting off our discussion tonight. Thank you.

LOFGREN: Thank you.

O`DONNELL: And thanks to the congresswoman for that perfect segue to Neal Katyal, law professor at Georgetown University and former acting U.S. solicitor general.

[22:15:08]

He is an MSNBC legal analyst.

And, Neal, with that setup, we have to go straight to you for the Supreme Court`s schedule on the question about Donald Trump`s documents.

NEAL KATYAL, MSNBC LEGAL ANALYST: Yeah, they can act at any time, Lawrence. Indeed, I think there is even documents that will be released tomorrow by the archives unless the Supreme Court acts. You know, I think all indications from court watchers are -- Supreme Court is not going to side with Trump on this. These are bogus executive privilege claims.

And so, you know, ordinarily, you might expect the court to hear it because it`s a grave matter but here, because the arguments advanced by team Trump were so bad, I think the thinking is they probably won`t even hear them.

O`DONNELL: Neal, what is your reading of these subpoenas that that the committee issued today?

KATYAL: Very, very important, Lawrence. You know, some legal teams win buckets of jury verdicts and others like Donald Trumps win buckets of subpoenas. And I`m glad to see the committee do this. It`s honoring truth- seeking function.

It`s a really rare thing to subpoena a lawyer. And honestly, I would be uncomfortable if these folks were acting truly as lawyers. But a law degree doesn`t shield your inquiry if you`re a co-conspirator or co-plotter or you have on going criminal activity.

And so, I think for these lawyers, you know, like Rudy Giuliani, this attorney client privilege they`re starting to advance now is a double edged sword because on the one hand, these four folks hope to keep their shield their actions from public scrutiny but on the other, they`re going to have to defend what they were doing as bona fide legal advice, and if you have any doubt about how hard that`s going to be, just Google the words Sidney Powell disbarment and you will see just how hard that claim is going to be.

O`DONNELL: Yeah, and so, Neal, this seems to be legitimate Fifth Amendment claims available to some possibly all of these witnesses especially Rudy Giuliani.

KATYAL: Sure. I mean, you know, there is potential criminal activities here. The letter that you read, Lawrence, that Congress wrote to him today I think, you know, starts to refer to that and so you`re going to have executive privilege being litigated and probably something about the fifth amendment, too.

And ordinarily, I would worry, Lawrence, because that amount of delay in getting this information allows these four, you know, attorneys to get their story straight, but I do think that gives them too much credit. These four couldn`t figure out how to have a press conference at the Four Seasons. So I`m not sure they could really get their story straight.

O`DONNELL: Yes. Neal Katyal, thank you very much for joining us tonight.

KATYAL: Thank you.

O`DONNELL: Thank you.

And coming up, Kyrsten Sinema phoned it in but Joe Manchin showed up. And our next guest, Senator Amy Klobuchar was in the room when Senate Democrats discussed changing the Senate`s 60 vote rule today. That`s next.

(COMMERCIAL BREAK)

[22:22:18]

(BEGIN VIDEO CLIP)

SEN. AMY KLOBUCHAR (D-MN): Does it really seem like the dreamers of our Constitution envision the system where a minority of senators can stand in the way of legislation and stop it altogether, stop the vote, stop the consideration, throw a wrench into a process, take it off the rails and just walk out the door and go home? That is not what they envisioned.

(END VIDEO CLIP)

O`DONNELL: That was some of what Senator Amy Klobuchar had to say in today`s debate in the Senate about voting rights legislation. The legislation has to clear a 60-vote threshold just allow the Senate to then actually vote on the legislation. That means ten Republicans would have to vote with the Democrats to allow a vote on voting rights legislation.

Majority Leader Chuck Schumer expects no Republican support to advance the bill to a vote. So, today, Leader Schumer said this today.

(BEGIN VIDEO CLIP)

SEN. CHUCK SCHUMER (D-NY): If the Senate cannot protect the right to vote, which is the cornerstone of our democracy, then the Senate rules must be reformed, must be reformed. If the Republicans block cloture on the legislation before us, I will put forward a proposal to change the rules, to allow for a talking filibuster on this legislation.

(END VIDEO CLIP)

O`DONNELL: And here is what Senator Elizabeth Warren said an hour ago in the Senate floor about the current Senate rule.

(BEGIN VIDEO CLIP)

SEN. ELIZABETH WARREN (D-MA): Today`s filibuster doesn`t encourage debate. It promotes cowardice. Senators can torpedo bills without saying a single word in public or even stepping to the floor of the United States Senate. This is not how a so-called deliberative body should operate.

(END VIDEO CLIP)

O`DONNELL: Democratic senators gathered for a meeting today to try to convince two of the Democrats Joe Manchin and Kyrsten Sinema to support a rule change so the Senate would be allowed to have a vote. Senator Sinema did not attend the meeting but joined by phone.

Before the meeting began, Senator Manchin said this.

(BEGIN VIDEO CLIP)

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Transcript: The Last Word with Lawrence O'Donnell, 1/18/22 - MSNBC

It will take more than charity food boxes to fix Ivanka Trumps tarnished brand – The Guardian

It looks like Ivanka Trump is finally coming out of stealth mode. Ever since her father lost his job as president and she lost her job as special advisor to the president, Ivanka has been keeping a low profile in Miami and largely staying off social media.

On Tuesday, however, the former first daughter posted on Instagram and Twitter for the first time in eight months, showing off photos of herself distributing free food boxes to families upstate New York.

It was very good of Ivanka to take time out to volunteer, as she has quite a bit on her plate at the moment. On the same day that Trump chose to break her social media silence, New York attorney general Letitia James dramatically turned up the heat on her ongoing investigation into the Trump Organization.

In court papers filed on Tuesday, James accused the Trump Organization and Donald Trump of inflating the value of their assets to secure preferential loans and other economic benefits. The Trump Organization has released a statement calling Jamess allegations baseless.

Its not just the former president who is in hot water; the court filings also note that the investigation had uncovered incriminating information about Donald Trump Jr and Ivanka. A snippet from these allegations: Until January 2017, Ms. Trump was a primary contact for the Trump Organizations largest lender, Deutsche Bank. In connection with this work, Ms. Trump caused misleading financial statements to be submitted to Deutsche Bank and the federal government.

To be clear: this is all still just an inquiry. If James finds enough evidence of wrongdoing, she can then decide to file a civil lawsuit. (Meanwhile, the Trump Organization is also under criminal investigation for tax fraud and there are various other lawsuits related to sexual assault allegations, inheritance, and whether Trump should be held personally liable for inciting the January 6 insurrection.)

And the Trump family isnt just facing a flurry of lawsuits, theyre busy filing their own: last month the former president sued James in an attempt to stop her inquiry into his business practices on the grounds of political bias. Trumps lawyers have also tried to block James from questioning Trump and his children under oath. (Although it should be noted that Eric Trump, executive vice-president at the Trump Organization, was questioned in October 2020. He reportedly invoked the Fifth Amendment more than 500 times.) The motions filed on Tuesday were to try and compel Trump and the kids to appear in sworn testimony.

In short, you can see why Ivanka who has always managed her personal brand a lot more carefully than her blowhard brothers have might decide now would be a good time to post photos online of her benevolently helping the poor. Particularly as Ivanka wasnt just showing off her ability to haul boxes of apples in the snow, she was also calling out the fact that shed teamed up with Chobani founder Hamdi Ulukaya for the initiative.

Ulukaya is something of a liberal darling; hes a Turkish immigrant who has pledged much of his vast personal fortune to the Tent Partnership for Refugees, a charity he founded. He is one of the last people one might expect to align his brand with the Trumps. Still, it seems he and Ivanka are on chummy terms. Ivanka told the New York Post that the food drive really evolved out of a discussion Hamdi and I had over lunch one day as the holidays were approaching and the dollar is going less far due to inflation.

Ivanka may have helped fill a few stomachs last week but does she have any hope of changing hearts and minds? Can she regain the standing she once had amongst liberals?

Ivankas food photoshoot hasnt been the only form of image management shes been engaged in recently. She also seems to have been subtly distancing herself from her father. She didnt attend his rally in Arizona last weekend and there have been various leaked reports lately that Trumps reports that about the stolen 2020 election were driving Ivanka and Jared Kushner away.

Mary Trump, Donalds estranged niece, has previously opined that she believes the former presidents adult children could very well sacrifice their father to save themselves. If that happens, I think I know wholl be first in line to dob in dad. And, if all else fails, and Ivanka cant fix her tarnished brand with food deliveries, she can always follow the lead of former White House aide, Hope Hicks, and join Celebrity Big Brother.

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It will take more than charity food boxes to fix Ivanka Trumps tarnished brand - The Guardian