Connect with us

Published

on

Facing possible indictment in Georgia for his efforts to overturn the results of the 2020 election, former President Donald Trump asked the state’s highest court to step in on his behalf. On Monday, the court unanimously declined to do so.

Last week, Trump’s legal team filed a petition with the Supreme Court of Georgia, against Fulton County District Attorney Fani Willis and Judge Robert McBurney of the Atlanta Superior Court. The filing sought to disqualify Willis from involvement in the unfolding case against Trump.

In February 2021, Willis opened a criminal investigation into Trump’s conduct after the 2020 electionspecifically, his January 2, 2021, phone call to Georgia Secretary of State Brad Raffensperger in which he was recorded pressuring Raffensperger to “find 11,780 votes” to win Trump the state. The following year, Willis impaneled a special grand jury with the power to issue subpoenas, expanding her investigation to include any attempts to “disrupt the lawful administration of the 2020 elections” in Georgia. McBurney is the Superior Court judge overseeing the grand jury’s proceedings.

The grand jury interviewed around 75 witnesses before concluding in January. While its report has not been fully released, the available evidence indicates bad news for Trump: Willis recently signaled that indictments may be unsealed in August.

In the July 13 filing, Trump asked the court to compel McBurney to “quash” the grand jury’s report, “bar its use in regular grand-jury proceedings,” and “bar the use of any evidence obtained” in the process “in any subsequent proceedings.” It also asked the court to prevent Willis from any further involvement in Trump’s case.

On Monday, less than a week after Trump’s complaint was filed, the Georgia Supreme Court decided unanimously against him. In an unsigned five-page decision, the court declined to rule on the merits of many of Trump’s arguments, contending instead that his filing was improper. Instead of petitioning the superior court and “appeal[ing] from any adverse decision,” the judges wrote, Trump was skipping ahead and asking the higher court to “step in and allow him to circumvent the regular judicial process.” And while Trump accurately claims that the court would have the legal authority to step in, “he
makes no showing that he has been prevented fair access to the ordinary channels.”

Trump’s filing cited a litany of complaints, from claiming the law authorizing special grand juries was too “vague” and, therefore, “facially unconstitutional under the 14th Amendment” and the Georgia Constitution, to alleging that Willis has an “impermissible and actual conflict of interest.” (Last year, Willis hosted a fundraiser for a Democratic candidate for lieutenant governor after already having named the candidate’s Republican opponent, state Sen. Burt Jones, a “target” of her investigation. McBurney barred the grand jury from targeting Jones or issuing subpoenas to him, though he declined to do the same for any other targets of the investigation.)

The filing even complains that the process has gone too fast, observing that “criminal processes, particularly in Georgia, can be ponderously slow,” and the fact that this case would proceed so quickly is “grossly unrealistic.”

Much of Trump’s complaint also hinges on the novelty of the situation. “That this case is extraordinary goes almost without saying,” it states. “No prosecutor, state or federal, has ever indicted a former president for conduct committed while in office.” In that respect, Trump is correct: It is indeed novel and unprecedented for a former president to be indicted. But that by itself doesn’t mean that an indictment is unwarranted. Publicly available evidence of a defeated incumbent leaning on a state official to “find” enough votes for him to carry that state is also novel and unprecedented.

As Eric Boehm wrote in the July 2023 issue of Reason, the Georgia case “could be important in setting clear standards for how much pressure future presidents can exert on state and local election officials.”

The Georgia case is just one of several across the country that pose serious legal risk to Trump. In April, the former president was indicted in Manhattan over 2016 hush money payments to pornographic actress Stormy Daniels. And a federal grand jury in Washington, D.C., is considering whether Trump, in his actions after the 2020 election, may have committed federal crimes.

Continue Reading

Business

UK must increase North Sea drilling to boost economy, says US ambassador

Published

on

By

UK must increase North Sea drilling to boost economy, says US ambassador

The US ambassador to the UK has said Britain should carry out “more drilling and more production” in the North Sea.

In his first broadcast interview in the job, Warren Stephens urged the UK to make the most of its own oil and gas reserves to cut energy costs and boost the economy.

“Electricity costs are four times ours in the UK, versus the US,” he told Mornings with Ridge and Frost.

“I want the UK economy to be as strong as it possibly can be, so the UK can be the best ally to the US that it possibly can be.

“Having a growing economy is essential to that – and the electricity costs make it very difficult.”

Mr Stephens told Wilfred Frost he hoped Britain would “examine the policies in the North Sea and frankly, make some changes to it that allows for more drilling and more production”.

“You’re using oil and gas, but you’re importing it. Why not use your own?” he asked.

More on Fossil Fuels

Mr Stephens said Britain should make more of its own oil and gas
Image:
Mr Stephens said Britain should make more of its own oil and gas

The ambassador said he had held meetings with Sir Keir Starmer on the energy issue while US President Donald Trump was in the room, and that the prime minister was “absolutely” listening to the US view.

“I think there are members of the government that are listening,” Mr Stephens told Sky News. “There is a little bit of movement to make changes on the policy and I’ll hope that will continue.”

Energy Secretary Ed Miliband has said the UK should be prioritising net zero by 2030 to limit climate change, rather than issuing new oil and gas drilling licences.

The Thistle Alpha platform, north of Shetland, stopped production in 2020 . Pic: Reuters/Petrofac
Image:
The Thistle Alpha platform, north of Shetland, stopped production in 2020 . Pic: Reuters/Petrofac

However, the ambassador said it would take “all energy for all countries to compete” in the future, given the huge power demands of data centres and AI.

“I don’t think Ed Miliband is necessarily wrong,” said Mr Stephens. “But I think it’s an incorrect policy to ignore your fossil fuel reserves, both in the North Sea and onshore.”

The ambassador hosted Mr Trump on the first night of his second UK state visit in September – a trip that was seen as a success by both sides.

Mr Stephens said Mr Trump and Sir Keir had a “great relationship” and pointed to the historic ties between Britain and the US as a major factor in June’s trade deal and the favourable tariff rate on the UK.

The ambassador said Sir Keir and President Trump have a 'great relationship'
Image:
The ambassador said Sir Keir and President Trump have a ‘great relationship’

“The president really loves this country,” the ambassador told Sky News.

“I don’t think it’s coincidental that the tariff rates on the UK are generally a third, or at worst half, of what a lot of other countries are facing.

“I think the prime minister and his team did a great job of positioning the United Kingdom to be the first trade deal, but also the best one that’s been struck.”

Mr Stephens – who began his job in London in May – also touched on the Ukraine war and said Mr Trump’s patience with Russia was “wearing thin”.

The Alaska summit between Mr Trump and Vladimir Putin failed to produce a breakthrough, and the US leader has admitted the Russian president may be “playing” him so he can continue the fighting.

Read more from Sky News:
Trump accused of ‘new low point’ with refugee order
Trump’s opinion of Xi meeting brushes over thornier issues

The ambassador told Sky News he had always favoured a tough stance on Russia and was “delighted” when Mr Trump sanctioned Russia’s two biggest oil firms a few weeks ago.

However, he emphasised the president’s call that other countries must stop buying Russian energy to really tighten the screw.

‘The incorrect policy’ – That’s Trumpian diplomacy for you

“You’re using oil and gas, but you’re importing it. Why not use your own?”

It’s a reasonable question for President Trump’s top representative here in the UK – ambassador Warren Stephens – to ask, particularly given that our exclusive interview was taking place in the UK’s oil capital, Aberdeen.

The ambassador told me that he and President Trump have repeatedly lobbied Prime Minister Starmer on the topic, and somewhat strikingly said the PM was “absolutely listening”, adding: “I think there are certainly members of the government that are listening. And there is a little bit of movement to make some changes to the policy.”

Well, one member of the government who is seemingly not listening, and happens to be spending most of this week at the UN Climate Change Conference in Brazil, is Energy Secretary Ed Miliband.

“It’s going to take all energy for all countries to compete in the 21st century for AI and data centres,” the ambassador told me. “And so, I don’t think Ed Miliband is necessarily wrong, but I think it’s an incorrect policy to ignore your fossil fuel reserves, both in the North Sea and onshore.”

Not wrong, but the incorrect policy. That’s Trumpian diplomacy for you.

His comments on Russia, China and free speech were also fascinating. On the latter, he said that in the US someone might get “cancelled for saying something, but they’re not going to get arrested.”

“The president, has been, I would say, careful in ramping up pressure on Russia. But I think his patience is wearing out,” said Mr Stephens.

“One of the problems is a lot of European countries still depend on Russian gas,” he added.

“We’re mindful of that. We understand that, but until we can really cut off their ability to sell oil and gas around the world, they’re going to have money and Putin seems intent on continuing the war.”

The ambassador also struck a cautious but hopeful tone on future US and UK relations with China.

It comes after Mr Trump said his meeting this week with President Xi Jinping was a “12/10”, raising hopes the trade war between the superpowers could be simmering down.

China’s huge economy is too big to ignore – but it remains a major spy threat; the head of MI5 warned last month of an increase in “state threat activity” from Beijing (as well as Russia and Iran).

Mr Stephens praised the country’s economy and said it would be “terrific” if China could one day be considered a partner.

Please use Chrome browser for a more accessible video player

Trump-Xi meeting: Three key takeaways

But he warned “impatient” China is ruthlessly focused on itself only, and would like to see the US and the West weakened.

“There’s certainly things we want to be able to do with China,” added the ambassador.

“And I know the UK wants to do things with China. The United States does, too – and we should. But I think we always need to keep in the back of our mind that China does not have our interests at heart.”

:: Watch Mornings with Ridge and Frost on weekdays Monday to Thursday, from 7am to 10am on Sky News

Continue Reading

Politics

Trump defends CZ pardon, says he ‘doesn’t know’ Binance co-founder

Published

on

By

Trump defends CZ pardon, says he ‘doesn’t know’ Binance co-founder

Trump defends CZ pardon, says he ‘doesn’t know’ Binance co-founder

Trump again denied ties to Binance co-founder CZ amid reports that the exchange helped facilitate a $2 billion stablecoin deal linked to his World Liberty Financial platform.

Continue Reading

Technology

Standard Chartered CEO expects blockchain to ‘eventually’ power nearly all global transactions

Published

on

By

Standard Chartered CEO expects blockchain to ‘eventually’ power nearly all global transactions

Standard Chartered Plc bank branch in Hong Kong

Bloomberg | Bloomberg | Getty Images

Bill Winters, CEO of Standard Chartered, foresees a future in which nearly all global transactions are conducted on a digital blockchain ledger, he told a crowd in Hong Kong on Monday, as crypto adoption amongst mainstream banking and finance institutions grows. 

“Our belief, which I think is shared by the leadership of Hong Kong, is that pretty much all transactions will settle on blockchains eventually, and that all money will be digital,” the UK-based multinational bank’s CEO said during a panel at Hong Kong FinTech Week. 

“Think about what that means: a complete rewiring of the financial system,” he said, adding that experimentation is required to determine what that rewiring looks like. 

Standard Chartered — which is listed in both London and Hong Kong — has been ramping up its involvement with digital assets in recent years, including through digital asset custody services, trading platforms, and tokenized products. 

Winters made the comments while discussing Hong Kong’s role in the global digital assets space, crediting the city for leadership on experimentation and regulation, alongside Hong Kong Financial Secretary Paul Chan. 

Hong Kong has been working to establish itself as a regional crypto hub through a digital asset licensing regime, as well as tokenization pilots in which Standard Chartered is a participant.

A tokenized asset is a digital representation of a real-world asset, like stocks, bonds, or commodities, that can be recorded and traded on a blockchain or distributed ledger. Stablecoins, which are pegged to a currency, are often held up as an early example of a tradable tokenized asset.

Standard Chartered, in partnership with blockchain venture capital firm Animoca Brands and telecommunications company HKT, is planning to launch a Hong Kong dollar-backed stablecoin under a new regulatory framework the city launched in August.

Winters said Monday he believed that Hong Kong dollar stablecoins can represent an interesting new medium of exchange for international trade on digital terms.

Other global fintech leaders have also made bullish predictions for tokenized assets in recent months.

Robinhood Markets CEO Vlad Tenev said last month that tokenization was a “freight train,” coming to most major markets in the next five years.

Larry Fink, CEO of BlackRock, the world’s largest money manager, said in April that every asset from stocks to bonds to real estate can be tokenized in what will represent a “revolution” for investing.

Continue Reading

Trending