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Manhattan District Attorney Alvin Bragg (D) is facing the biggest political test of his career: the possible indictment of former President Trump.

It’s a consequential moment that could end with Bragg becoming the first in history to prosecute an indicted former president.  

As the possibility rises, Bragg is facing questions about the strength of his case, about his motives for going forward and even over whether he’ll pull back from the brink.

“Alvin Bragg is caught between a rock and a hard spot,” said Susan Del Percio, a longtime New York-based Republican strategist who has opposed Trump. “He had to bring the charges forward because of public pressure, but he isn’t sure if they’ll stick.” 

Bragg is probing Trump’s involvement in a hush payment that his fixer, Michael Cohen, made to adult film star Stormy Daniels ahead of the 2016 election. Trump predicted an arrest on Tuesday, but that did not come to fruition. It now appears that an indictment from the grand jury could come as soon as next week.

Since Trump’s surprise posts on Truth Social that he expected to be arrested, Bragg’s profile has gone national.

Republicans in Congress have promised an investigation, with Sen. Lindsey Graham (R-S.C.) saying an indictment would “blow up the country.” Sen. Rand Paul (R-Ky.) went further, saying that Bragg should be “put in jail.”

A trio of Republican House chairmen, led by House Judiciary Committee Chairman Jim Jordan (R-Ohio), earlier this week demanded the district attorney turn over all documents and communications about the case.

“He should be disbarred,” Rep. Marjorie Taylor Greene (R-Ga.) said of Bragg. “If he’s going to be using his position to target the Republican Party’s top primary presidential candidate just for politics, that’s not what a DA should be doing. He should be prosecuting crime. That’s what people pay taxes for there.”

Bragg’s office hit back on Republicans’ request in a letter on Thursday, saying the request would interfere with ongoing law enforcement duties and violate state sovereignty.

The move “is an unprecedent[ed] inquiry into a pending local prosecution,” his office wrote. “The letter only came after Donald Trump created a false expectation that he would be arrested the next day and his lawyers reportedly urged you to intervene. Neither fact is a legitimate basis for congressional inquiry.”

Bragg, 49, was at least already used to criticism and conflict from the race to succeed Cyrus Vance Jr. (D) and his short tenure after taking the job on Jan. 1, 2022.

After a grueling, eight-way primary for the job, the district attorney — during his first days in office — took partisan fire from Republicans.

A progressive who ran on balancing public safety with justice, Bragg issued a “Day One” memo instructing his office to reserve jail time for only the most serious crimes and to not prosecute certain low-level offenses.

The list included misdemeanors related to resisting arrest for noncriminal offenses, marijuana possession and trespassing.

It led to searing criticism from New York City’s police commissioner — appointed by a Democratic mayor — and Republicans, who accused Bragg of being soft on crime. 

Bragg ultimately revised the policies the next month, but the attacks from the right haven’t stopped. 

Basil Smikle, a consultant who served as the executive director of the New York State Democratic Party, said Bragg has been a longtime target of those on the right since he was sworn into the job.

In the New York gubernatorial race against now-Gov. Kathy Hochul (D) last year, Republican Lee Zeldin repeatedly campaigned on removing Bragg if he was elected. 

“He’s handled the pressure and fended off criticism well but will be heavily scrutinized no matter the outcome,” said Smikle.

Bragg has also taken criticism from Democrats and members of his own prosecutorial team after he last year opted against moving forward in a different investigative prong involving Trump.

A grand jury empaneled before Bragg took office was hearing evidence about whether Trump’s businesses improperly manipulated property values for tax and loan benefits. Bragg’s decision to not seek an indictment from that jury compelled two top prosecutors in the probe — Mark Pomerantz and Carey Dunne — to resign.

“The team that has been investigating Mr. Trump harbors no doubt about whether he committed crimes — he did,” Pomerantz wrote in his resignation letter, which The New York Times first published last March.

Liberals were enraged at the revelation, and Bragg started taking criticism from many in his own party as the investigation stalled.

Now, Bragg appears to be moving toward an indictment of Trump after all. He convened a new grand jury earlier this year to hear evidence in the hush money probe, and a series of recent steps suggest an indictment could come as soon as next week.

“In some ways, I think he felt some pressure to bring something forward because of all of this to help wipe his slate clean,” one strategist said. “This would be his chance to redefine himself and have a bit of redemption.”

“It was such an utter mess,” the strategist said.  

Some of Bragg’s earlier detractors are now cheering him on. But it is Republicans who have now again gone on the attack, accusing Bragg of weaponizing the legal system. 

Trump called Bragg “a danger to our country” and called for his removal on Thursday.

“He sort of can’t win. In many ways, I feel a lot of empathy for him,” said Catherine Christian,  a former financial fraud prosecutor in Bragg’s office who was not involved in the Trump investigation.

Despite the rising tensions, the probe has yet to turn up an indictment. For reasons unclear, the grand jury did not meet about the case on either Wednesday or Thursday.

Some have speculated that Bragg could change course again.

“I think that the heat is on this DA, I think he’s going to make a very sober decision and I would not be surprised if he doesn’t step back from the brink,” CNN political commentator Van Jones said on CNN Monday night. ‘Bear huggers’ wanted: Potential dream job now open Asteroid expected to pass close to Earth on Saturday

But Christian said the lack of grand jury meetings late this week is no sign Bragg is backing away.

“I’ll be blunt: if he does that, he might as well just hang it up. All of this, and then say nevermind? Are you kidding me?” said Christian.

Mychael Schnell contributed.

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Business

Could Trump’s tariffs tip the world into recession?

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Could Trump's tariffs tip the world into recession?

Donald Trump’s “Liberation Day” tariffs last week spooked the markets. 

Stock markets tumbled on Monday, with most US markets down and stocks in Hong Kong falling 13.2%, their worst day since 1997 during the Asian financial crisis.

There was slight growth in Asian and UK markets on Tuesday, but recovery is still a way off after a steep decline in reaction to Mr Trump’s tariffs on goods imported to the US, which he announced last week.

Tariffs latest: Follow live updates

US economists at Goldman Sachs raised their assessment of the odds that America will tip into recession to 45%, up from 35% the week before.

And if most tariffs aren’t reduced or negotiated away, “we expect to change our forecast to a recession”, Goldman’s chief economist Jan Hatzius said in an analyst note.

Other economists are raising similar alarms, with JPMorgan putting the odds of a US and global recession at 60% and projecting inflation will reach 4.4% by the end of this year, up from 2.8% currently.

How do you know if a recession has begun?

The most commonly used definition of a recession is at least two consecutive quarters of economic contraction – or “negative growth” – in gross domestic product (GDP).

To break that down, GDP is the total value of goods and services produced over a specific time period. When it goes up, the economy is considered to be doing well.

When it goes down – negative growth or economic contraction – it’s not doing well. And when it doesn’t do well for six months, it counts as a recession.

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Trump: ‘No pause to tariffs’

In the US, the National Bureau of Economic Research is the body which officially declares a recession – taking in a variety of economic data, not just GDP, defining it as “a significant decline in economic activity that is spread across the economy and lasts more than a few months”.

Currently, there are no signs the US or global economy is in recession, and it remains unknown if tariffs will have a large enough impact to knock America’s into reverse.

But it is this uncertainty that has the potential to cause the most damage.

“People are all at sea,” Sky News Business Live presenter Darren McCaffrey told the Sky News Daily podcast.

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“No one can quite work out whether President Trump wants a genuine rewiring of globalisation, what the consequences of that will be for the US and globally, and that these tariffs will remain permanent, or whether this is part of a negotiating tactic.

“That’s what no one can work out. That uncertainty is difficult, and it is going to cause damage.”

Stockbroker Russ Mould added that the markets are hoping the Trump administration is planning to use tariffs as a way of extracting better trade deals from existing trade partners. If this happens, it would help restore global trade to what’s been the standard in recent decades.

A screen shows trading of the Dow Jones Industrial Average after the closing bell. Pic: Reuters
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Pic: Reuters

What could a global recession mean?

If the US and the rest of the world falls into recession – even if the UK doesn’t – it will “fundamentally mean we will all be poorer in the future,” McCaffrey said.

He added that Britain especially has not had a prolonged period of serious economic growth for a long time – held back by the financial crisis in 2008, the shock of Brexit, COVID, the Ukraine war and now US tariffs.

However, it is not all doom and gloom.

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Day 79: Trump’s tariff turmoil

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“The markets will always find a way,” McCaffrey says.

“The US is the world’s largest economy, but it is only 13% of global trade. Countries like China, Vietnam, Cambodia and others with high tariffs will find new markets. And one of the places that benefit from that in the short-medium term could be the UK.

“It will also force big wealthy blocs – the biggest of which is the EU – to look for new markets. Canada is also suggesting they would like a trade deal with the UK.

“This will cause damage to the US economy more than anywhere else, because other countries will want to be more reliant on more stable partners. As always with economics, there are winners and losers and ultimately the market will find a place for lots of these goods.”

How could the UK best prepare for potential recession?

Instead of retaliatory tariffs, the UK is looking to secure a post-Brexit trade deal with the US, Russ Mould explained, calling that “the UK’s primary goal”.

But if the UK is stuck with tariffs in the long-term, Mr Mould said it would be wise to consider deals with other countries.

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PM makes first post-tariff moves

He said: “Statistics show that 87% of global trade does not involve US, so maybe you can look elsewhere for trade deals with countries who also feel they have been badly treated by tariffs. I would guess India would be at the top of that list.

“The question is how quickly can trade deals be struck, given the fact the UK has been casting the net around for the last five years without a huge amount of progress.”

Read more:
Everything you need to know about Trump’s tariffs

What China could do next as Trump’s tariff war ramps-up
A major economic shock is happening thanks to Trump

Mr Mould added that the recipe for economic growth in any market is the growth of the labour force coupled with productivity growth.

“In terms of productivity, [leaders] are probably looking at targeted tax breaks for investment and to stimulate research and development. Other positive things for long-term benefits include examining infrastructure and transport access,” Mr Mould said.

“In terms of encouraging labour participation, you are into the deep waters of whether it is education or tax breaks for child care. All of those are very long-term solutions to a potential near-term challenge.”

Listen to the full Sky News Daily episode here

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Environment

Ride1Up Vorsa review: An affordable, do-everything e-bike for the masses

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Ride1Up Vorsa review: An affordable, do-everything e-bike for the masses

Ride1Up has carved out a name for itself in the e-bike world by delivering sleek, well-equipped electric bikes that punch well above their price tag. Their latest model, the Ride1Up Vorsa, takes that formula and beefs it up into something more versatile… literally.

The Vorsa is Ride1Up’s answer to the growing demand for SUV-style e-bikes – those do-it-all electric rides that can handle your commute, your grocery runs, your kid-hauling trailer, and your backroad detours without flinching. And at $1,595, the Vorsa might just be the most affordable ticket into that category right now – at least for an e-bike that still includes a pile of interesting and high-value tech features.

To see what I mean, check out my video review of the Ride1Up Vorsa below. Then keep reading for the full details on this highly versatile ride.

Ride1Up Vorsa video review

Ride1Up Vorsa Tech Specs

  • Motor: 750W and 95Nm rear hub motor
  • Top speed: 28 mph (45 km/h) on pedal assist or 20 mph (32 km/h) on throttle
  • Range: 30-60 miles (48-96 km)
  • Battery: 48V 15Ah (720Wh) UL-certified with Samsung 50GB cells
  • Weight: 65 lb (29.5 kg)
  • Load Capacity: 440 lb (200 kg)
  • Frame: Aluminum alloy 6061
  • Brakes: Star Union hydraulic dual-piston disc brakes on 203 mm (front) and 180 mm (rear) rotors
  • Extras: Shimano Acera 8-speed derailleur, new highly-detailed color LCD display, two frame styles of step-over and step-thru, semi-integrated rear rack with optional rack extender, and a wide range of other accessories
  • Price: $1,595

Goes anywhere, does almost anything

E-bikes are getting more versatile, but the Vorsa takes versatility to the extreme.

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This is already a powerful e-bike capable of 28+ mph Class 3 speeds (though ships out of the box with a Class 2 setting of 20 mph) from its 750W motor capable of a heart-thumping 95 Nm of torque. That means its a fast hill climber and ready for just about any challenge that a high-performance e-bike should be.

But then, on top of that, the bike’s design allows it to tackle very different styles of riding, from cargo needs with its semi-integrated rear rack to touring and trekking style rides with its 27.5×2.6″ Schwalbe touring tires.

That means the same e-bike you use to take the kids to school at in the morning can transform into your commuter bike to work and then into your single-track bike for weekend recreational riding.

And with a 720 Wh battery (UL-compliant, no less), you’ll have plenty of charge to do all of those things in the same day!

It’s par for the course at Ride1Up, something I learned when touring their factory last year and seeing firsthand just how important a combination of quality, practicality, and affordability are to the company. It’s obvious that the folks at Ride1Up want to give us riders as much battery, as much performance, and as much versatility as they can while keeping the price reasonable.

Packed with tech, but only the good stuff

It’s fun to see more tech enter the e-bike space, but some companies don’t seem to understand that more isn’t always better. It’s only a net benefit to me if it’s stuff I’ll actually use. Ride1Up has eschewed smartphone apps and other things that don’t add much usability and has now given us the stuff that actually matters.

For example, the new display on the Vorsa is much more involved, with more than just a higher-resolution color display. It shows metrics that actually mean something to me, like how much time I spend in different riding modes. This helped remind me to not only use the highest power modes but also drop the pedal assist down a few notches for more exercise.

There’s also built-in Apple FindMy tracking now, which is a HUGE added value for me. It’s not a guarantee that you’ll get your bike back if it’s stolen, but it’s a major headstart in recovering it. It may not be as helpful for you Android phone users out there, but for us iPhone folks who are held captive by Apple’s golden handcuffs, it’s a great system for finding just about anything, especially your e-bike. From my phone, I can see where my Vorsa is, and I can find it if someone tries to abscond with it.

Then there’s the new torque sensor from MiVice, which is honestly one of the most responsive torque sensors I’ve ever had the pleasure of pedaling. It’s fast, and it feels like my legs are just extra strong that day. Throttle-only riders won’t really benefit from it, and in fact may want to use the sensor selector option to put the bike back in cadence sensor mode to enable more of a ‘foot throttle’ feel, but most of us will prefer the torque sensor because of how impressively dialed in it feels.

Hardware design

That technology is nice, but it needs to complement good hardware, not replace it. In this case, the design of the Ride1Up Vorsa complements the tech, adding versatility and value without jacking up the price.

The semi-integrated rack is a really cool design that helps the bike achieve its 440-lb weight capacity. There’s even a rack extender that helps turn the bike into a longtail cargo bike, even if that tail sticks out in a slightly funny way.

Then there are the other nice upgrades over the usual suspects we see on $1,500-range electric bikes. Instead of plastic fenders, we get nice metal alloy fenders that look and feel better quality. Instead of a cheap 7-speed Shimano Altus derailleur, we get a nicer 8-speed Shimano Acera derailleur. Instead of a basic suspension fork, we get a longer travel 100mm fork. Instead of a compliance stem, we get an adjustable stem to dial in the handlebar angle to our liking. You name it, the upgrades are there.

The LED lighting, including the fender integrated lights, is also clearly higher quality than you’d expect on a value e-bike, making this an even higher value.

What’s not to like?

Don’t get me wrong, the Ride1Up Vorsa is great. It sets a new high watermark in what can be delivered at this price, especially considering the rampant inflation in e-bike prices brought on by new tariffs. But I can always complain about something, and so why stop now?

The Ride1Up Vorsa brings us a lot of cool tech and new hardware, but it comes at a cost, and that cost is weight. At 65-70 lb, depending on how many of the cool add-ons you install, the bike isn’t lightweight. You’ve got chunkier tires, a bigger battery, a more powerful motor, a more robust frame, a larger fork, metal fenders, and other parts that all add to the weight.

Next, Ride1Up has again played it incredibly conservatively with the color options. Your typical dark gray is there, then you get a fairly nice blue, and lastly, you’ve got a slightly confusing two-tone sage grayish-green option. There are no bright colors to choose from, which isn’t a departure for Ride1Up, but still a bit disappointing to me. Go wild, guys! Throw caution to the wind! Hit me with some color someday!

And lastly, Ride1Up continues to ship in smaller boxes that require the fork to be installed by the owner. This isn’t a complicated task when you’ve done it 100 times like it’s your job, which it is for me. But most people have done this zero times, and the ones who have can probably count the instances on one hand. This is an essential step in bike assembly and one that has very little margin for error, so most new owners would be advised to have a bike shop do it if they aren’t comfortable following Ride1Up’s clear and welcomed assembly video.

So I have my complaints like normal, but none are insurmountable. And to be honest, at $1,595, the price is so fair that I can overlook the limited color options and the longer at-home assembly. When it comes to the weight, that’s just the price we riders pay to have more performance and features included in our bikes.

I absolutely recommend the Ride1Up Vorsa to anyone looking for a ‘normal’ style e-bike (i.e., not a folder or a moped) but who wants the versatility to head in highly divergent directions, including everything from cargo hauling to recreational riding and daily commuting. It’s a winner and they stuck the landing on the Vorsa.

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Politics

Crypto execs expect global banking push into Bitcoin by end of 2025

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Crypto execs expect global banking push into Bitcoin by end of 2025

Crypto execs expect global banking push into Bitcoin by end of 2025

Despite the ongoing market meltdown on US trade tariffs, executives at major cryptocurrency firms Messari and Sygnum are bullish on institutional Bitcoin adoption later in 2025.

Speaking on a panel at Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank co-founder Thomas Eichenberger said they expect a significant shift in the banking sector’s involvement with crypto in the second half of the year.

According to the executives, the global banking push into Bitcoin (BTC) services has great potential to happen in the second half of 2025 as regulators embrace crypto, including stablecoins and crypto services by banks.

“I think we’re probably looking at a muted Q2, but I’m really excited for Q3 and Q4,” Messari’s Turner said during the panel discussion moderated by Cointelegraph CEO Yana Prikhodchenko, forecasting “really interesting” things coming to the crypto market in 2025.

Crypto adoption is not just about Trump

While some investors focus on the pro-crypto stance of US President Donald Trump, Turner emphasized that broader regulatory momentum is what matters most.

“When you look at the potential of having market structure regulation in the US, stablecoin regulation, and just the fact that across the board, not just President Trump himself, but the SEC and all these regulatory industries are really embracing crypto,” Turner said.

Banks, Paris, Bitcoin Regulation, Policy

Paris Blockchain Week’s panel with Cointelegraph CEO Yana Prikhodchenko, Bancor co-founder Eyal Hertzog, Sygnum co-founder Thomas Eichenberger, Messari CEO Eric Turner, AWS fintech leader Alex Matsuo and Near chief operating officer Chris Donovan. Source: Cointelegraph

Sygnum co-founder Thomas Eichenberger said international banks with US branches are also poised to enter the market once the legal landscape becomes clearer:

“I think it’s a matter of fact that US banks are preparing to be able to offer crypto custody and at least crypto spot trading services anytime soon.”

“I think by then I would agree with you, Eric,” he continued, projecting a continued phase of market uncertainty until the US establishes a clear regulatory framework.

Related: Ripple acquires crypto-friendly prime broker Hidden Road for $1.25B

Banks are no longer afraid of Bitcoin regulators

With the establishment of clear crypto rules for banks in the US, there will be a rush for crypto services by large international banks that are incorporated outside of the US but have a US-based presence, Eichenberger said.

“Some of them may have had their strategic plans in their cupboard to offer crypto-related services, but have been afraid that at some point they will be gone after by any of the  US regulatory authorities,” he said, adding:

“Now I think there’s no one to be afraid of anymore in terms of regulatory authorities worldwide. So I think many of the large international banks will launch this year.”

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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