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Legendary investor Warren Buffett is stepping down as CEO of Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) after six decades at the helm — but he’s still not yet ready to retire.

In a media release on Monday (May 5), Berkshire said that its board of directors unanimously has voted to appoint Greg Abel, vice chairman, non-insurance operations, as president and CEO come January 2026.

Buffett will remain the chairman of the board of directors.

Buffett has held the position of CEO at Berkshire since 1970, with Abel confirmed as his successor in 2021.

What is Buffett’s strategy?

Buffett took control of Berkshire in 1965, back when the company was a struggling textile manufacturer.

In a 2010 letter to shareholders, he recounted his experience in those early days:

‘Berkshire was then only intextiles, where it had in the previous decade lost significant money. The dumbest thing I could have done was topursue ‘opportunities’ to improve and expand the existing textile operation – so for years that’s exactly what Idid. And then, in a final burst of brilliance, I went out and bought another textile company. Aaaaaaargh!Eventually I came to my senses, heading first into insurance and then into other industries.’

Many people have tried to explain Buffett’s success in recent years. One recent Financial Times article titled “How Buffet Did It” notes that his strategy is “more than great stock picks and insurance premiums.”

An older paper called ‘Buffett’s Alpha’ suggests that his exposure to low-risk, cheap and high-quality stocks is key.

“(He) has boosted his returns by using leverage, and that he has stuck to a good strategy for a very long time period, surviving rough periods where others might have been forced into a fire sale or a career shift,” states the paper, which was written by Andrea Frazzini, David Kabiller and Lasse Heje Pedersen.

‘We estimate that Buffett applies a leverage of about 1.7-to-1, boosting both his risk and excess return in that proportion. Thus, his many accomplishments include having the conviction, wherewithal, and skill to operate with leverage and significant risk over a number of decades,’ the authors also note.

Who is Buffett’s successor?

Abel has been with Berkshire since 2000, when Berkshire bought MidAmerican, an energy company he had been running. He joined the board as vice chairman, non-insurance operations, in 2018.

MidAmerican was renamed Berkshire Hathaway Energy (BHE), with Abel serving as its chief executive officer from 2008 to 2018. He remains the company’s chair as of writing. At both MidAmerican and Berkshire, Abel was mentored by David Sokol, who seemed a likely successor to Warren Buffett until he resigned from Berkshire in 2011.

Abel was named vice chairman in 2018 along with Ajit Jain. In a 2014 letter to shareholders, Buffett’s longtime right-hand man, Charlie Munger, who passed away in 2023, wrote about the two as potential successors.

‘Ajit Jain and Greg Abel are proven performers who would probably be under-described as ‘world-class.’ ‘World-leading’ would be the description I would choose,’ said Munger.

‘In some important ways, each is a better business executive than Buffett.’

Buffett has also spoken highly of Abel, saying in 2023, ‘Greg understands capital allocation as well as I do. That’s lucky for us. He will make those decisions, I think, very much in the same framework as I would make them. We have laid out that framework now for 30 years.’

Berkshire’s path forward under Abel

Buffett’s words indicate that he sees Berkshire and Abel following the framework he has laid out.

Of course, there may be some evolution. Morningstar analyst Gregg Warren notes that the ‘groundwork for a successful transition’ at Berkshire has been in place for decades.

He also notes that Buffett and Munger were skilled at acquiring businesses that were a good cultural fit.

“We expect this to continue, believing that Berkshire’s culture of management autonomy and entrepreneurship has become institutionalized,’ Warren explains in a recent article.

‘ However, the new managers will probably work with a slightly different opportunity set, and we believe they will evolve Berkshire from what has historically been a reinvestment machine into one that is more focused on returning capital to shareholders, which is what we would expect of a company of this size with limited investment opportunities.”

Warren also comments that Berkshire currently doesn’t pay a dividend. This principle is because of Buffett’s belief that retained earnings should yield greater value than cash payouts.

Warren said this may change after Abel takes over, underlining that issuing a dividend could help Berkshire retain shareholders who may consider selling once Buffett is no longer at the helm.

Berkshire’s recent activities include diversification of its portfolio via strategic acquisitions and investments.

In January 2025, Forest River Bus & Van, a Berkshire subsidiary, announced its acquisition of L.A. West Coaches to enhance its product portfolio in the luxury transportation market.

“This partnership represents a shared commitment to excellence and innovation,” said Douglas Wright, group general nanager of Forest River Bus & Van. “L.A. West Coaches’ proven expertise and dedication to quality align with our values, and we look forward to collaborating to expand our product range.”

BHE is also currently exploring the production of lithium carbonate and other minerals from its geothermal power plants in California’s Imperial Valley, aligning with the company’s interest in renewable energy and sustainability.

BHE Renewables publicized a joint venture with Occidental Petroleum (NYSE:OXY) in June 2024, saying that this will be useful for the demonstration and deployment of TerraLithium’s direct lithium extraction.

Occidental is the owner of TerraLithium, a company that provides a technology platform for extracting lithium from geothermal and other brines to produce ultra-pure battery-grade lithium hydroxide and lithium carbonate.

Once the demonstration is successful, BHE Renewables plans to build, own and operate commercial lithium production facilities in California’s Imperial Valley. The joint venture also plans to license the technology and develop commercial lithium production facilities outside the Imperial Valley.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The Israeli military acknowledged Thursday that it does not have “sufficient evidence” to substantiate terrorism funding allegations it leveled against a prominent Palestinian journalist, even as an Israeli general ordered he be detained for another six months.

The Israeli military’s top general in the occupied West Bank ordered the journalist, Ali Samoudi, 58, to be held under administrative detention, which allows the military to hold individuals without trial for up to six months at a time. Administrative detention orders can be renewed indefinitely.

The commander issued the order on Wednesday following a military court hearing last week during which prosecutors sought to extend his detention.

Palestinians living in the West Bank are subject to Israeli military law and are typically tried in military courts, not Israeli civilian courts.

At the time, the Israeli military accused him of transferring funds to Palestinian Islamic Jihad, a militant group in the West Bank and Gaza which Israel considers a terrorist organization. The Israeli military provided no evidence to back up its claim.

Israeli military prosecutors never leveled that accusation in court, Samoudi’s lawyer Jamil al-Khatib said, instead vaguely accusing Samoudi of harming the activity of Israeli forces in the West Bank.

The military’s administrative detention order cites Samoudi’s “presence posing a danger to the security of the region” as justification for his detention.

He is one of 20 journalists detained and held under administrative detention since the start of the war in Gaza, according to the Palestinian Prisoners’ Society (PPS).

“Samoudi’s arrest and administrative detention is part of the occupation’s escalating campaign of targeting journalists, particularly through the systematic use of administrative detention,” the PPS said in a statement.

Samoudi is now being held in Megiddo prison in central Israel, according to his lawyer, where he is still waiting to receive his eyeglasses and medications for several chronic conditions, including high blood pressure and diabetes.

One of the most well-known Palestinian journalists in the West Bank, Samoudi has worked with international news organizations for decades as a local producer and fixer.

He was also a witness to the high-profile killing of Al Jazeera journalist Shireen Abu Akleh, by Israeli forces in 2022, during which he was also shot.

This post appeared first on cnn.com

Israeli Prime Minister Benjamin Netanyahu has vowed to “defend ourselves alone” against Yemen’s Houthi rebels after US President Donald Trump struck a deal with the Iran-backed group.

According to Trump, the US would halt an ongoing military campaign against the Houthis in exchange for the group stopping its attacks on US interests in the region.

The Houthis acknowledged the agreement but made it clear their attacks on Israel would continue. Senior Houthi leader Mohammed Ali al-Houthi said after the announcement that the agreement was “a victory that separates US support for the temporary entity (Israel) and a failure for Netanyahu.”

On Wednesday, Netanyahu said, “Israel will defend itself by itself.” In the past, Israel has carried out joint strikes with the US against the Houthis, but two consecutive days of Israeli attacks on Yemen earlier this week were done alone. “If others join us—our American friends—all the better. If they don’t, we will still defend ourselves on our own,” he said in a video posted on social media.

Trump referred to the deal as capitulation from the Houthis on Tuesday but on Wednesday he said they had a “good outcome with the Houthis,” adding they had a “great capacity to withstand punishment” from repeated US strikes.

“You could say there’s a lot of bravery there,” Trump said at a swearing-in of his ambassador to China at the White House. “It was amazing what they took.”

He added that the US would “honor their (Houthis’) commitment” not to attack US warships or commercial vessels in the region.

Trump ‘thinks about America’s interests’

The US-Houthi truce sidelined the Israeli government, according to former US Middle East envoy Dennis Ross.

He noted that Netanyahu was left in the dark when the US began talks with Hamas in March and only found out about US nuclear talks with Iran when Trump made the announcement seated next to the prime minister in the Oval Office last month. The US-Houthi ceasefire is one more instance where Israel’s concerns were a tertiary consideration for the White House, if at all, he said.

“The Trump Administration thinks about America’s interests,” said Ross.

There has been no public criticism of the White House decision from Israeli officials. Netanyahu, who once openly criticized the Biden administration’s requests and policies, is one of Trump’s most vocal international supporters. Other members of the government have reserved their judgement as well, instead focusing on Israel’s resolve against the Houthis.

Defense Minister Israel Katz said in a statement on Thursday that “Israel must be able to defend itself by itself against any threat and any enemy. This has been true in the face of many past challenges, and it will remain true in the future.”

Trump designated the Houthi group as a Foreign Terrorist Organization in the final days of his first term as president. President Joe Biden revoked that designation early in his presidency in 2021, and Trump designated it again in January.

This post appeared first on cnn.com

If Skin Gourmet’s skincare products look good enough to eat, that’s because they are: all are made from locally sourced materials that are edible.

The Ghanaian company was founded in 2014 by Violet Amoabeng, and makes cleansers, scrubs, oils and butters. “No gimmicks, no toxins, no waste — just raw, edible Ghanaian goodness that helps people feel seen, valued, and connected to something meaningful,” she says.

For Amoabeng, “If you can’t eat it, why put it on your skin?” because “anything put on your skin, is absorbed into your body.”

The company’s palm kernel butter, made from locally sourced palm kernels, blended with cocoa and vanilla, is a skin and hair balm, won the Best Eco-Friendly Product category at the 2024 Ghana Beauty Awards.

However, its naturally smoky, chocolatey aroma, also makes it a popular cookery ingredient for local customers like Sorella Bakery, in Accra. Skin Gourmet even used it in a cake they gave to customers who bought their products.

“We created a palm kernel butter cake with passion fruit curd and lime buttercream,” says Amoabeng. “The smoky richness of the palm kernel paired perfectly with the bright citrus and tropical curd.”

Skin Gourmet’s hibiscus & tea sugar scrub is a colorful, sweet and tangy anti-oxidant, anti-inflammatory and acne treatment. Containing cane sugar, raw hibiscus powder, raw coconut oil, Ghanaian sea salt, tea tree essential oil and wild northern honey, it can also be added to drinks and food. Renowned chef and 2025 Time Earth Award recipient Selassie Atadika has been known to cook with the hibiscus powder and coconut oil, according to Amoabeng.

Tapping into Ghana’s resources

Amoabeng, who has an MBA in Business Administration from Shenandoah University, in the United States, came up with the concept for the company while looking for business ideas that could create jobs and boost economic growth in Ghana by using the country’s abundant natural resources.

After suffering from a sore lip and successfully treating it with shea butter, she tried to source more and was told by a local community that they eat shea butter. Inspired, she started Skin Gourmet in 2014, with only $45.

She now works with smallholder farmers and communities in Ghana to source raw materials for pre-processing. The products are then packaged in Accra, marketed, distributed, and sold in over 30 countries worldwide including Switzerland, Japan, Qatar, Turkey, Germany and France.

The global edible cosmetics market was estimated to be worth $266 million in 2023, according to Grand View Research — attracting shoppers who are “increasingly concerned about the ingredients they apply to their bodies and overall health.”

Global research firm Technavio projects that an expanding consumer base in Africa, particularly demanding natural ingredients and anti-aging products, will grow the continent’s beauty and personal care market by $8.18 billion between 2023 and 2028.

A growing number of African companies are producing skin care products specifically for African consumers, including Uncover, founded in 2020 in Kenya, which uses African ingredients such as baobab and rooibos leaf extract in its products.

Amoabeng now plans to expand her business and reach consumers around the world. She is guided by her faith in God and says that “everything we make starts with prayer and reflection because true innovation flows from Him. It’s not just about creating skincare — it’s about stewardship.”

This post appeared first on cnn.com

Cardinal Robert Francis Prevost of the United States has been elected the 267th pope and has stepped onto the balcony of St. Peter’s Basilica as the new leader of the world’s 1.4 billion Catholics.

He’s now known as Pope Leo XIV.

Prevost, 69, from Chicago, Illinois, is the first ever pope from the United States.

In his first words as pope, a visibly emotional Leo said to the crowd in St. Peter’s Square: “Peace be with you all.”

Addressing the crowd in St. Peter’s Square, Leo paid tribute to the late pontiff Francis, urging the crowd to remember his predecessor’s legacy before outlining his vision for the Catholic Church.

“We have to seek together to be a missionary church. A church that builds bridges and dialogue,” he said. Speaking in Italian to thousands of Catholic faithful, Leo called on people to “show our charity” to others “and be in dialog with love.”

Leo was chosen just two days after a group of 133 Cardinals gathered in conclave to select a new pontiff.

That timeline matches the previous two gatherings, suggesting that Prevost quickly impressed his peers during the secretive process.

Francis and Benedict XVI were both revealed in the evening of the conclave’s second day, while John Paul II, the longest-reigning pope of modern times, was selected on the third day in 1978.

‘An exceptional leader’

A leader with global experience, Prevost spent much of his career as a missionary in South America and most recently led a powerful Vatican office for bishop appointments. He is expected to build on Francis’ reforms.

Prevost worked for a decade in Trujillo, Peru, and was later appointed bishop of Chiclayo, another Peruvian city, where he served from 2014 to 2023. In 2015, he also received Peruvian citizenship.

The new pontiff is a member of the Augustinian religious order – which he also led for more than a decade as their prior general, which has given him leadership experience of leading an order spread across the world.

Considered a highly capable and accomplished leader, Prevost most recently led the powerful Vatican office for new bishop appointments, the Dicastery for Bishops, assessing candidates and making recommendations to the late pope. He also served as the president of the Pontifical Commission for Latin America.

While it is often said cardinal electors would always shy away from choosing a pope from the US, due to America’s outsized global political influence, Prevost’s long experience in Peru may have mitigated those fears among the electors.

Allen added that he is seen as an apt leader in Vatican circles because “he’s able to accomplish things without necessarily being authoritarian about the way he did things.”

“Prevost is somebody who is seen as an exceptional leader. From very young, he was appointed to leadership roles,” Allen said. “He’s seen as somebody who is calm and balanced, who is even-handed, and who is very clear on what he thinks needs to be done… but he’s not overly forceful in trying to make that happen.”

Prevost earned his bachelor’s in mathematics from Villanova University in Pennsylvania and went on receive his diploma in theology from the Catholic Theological Union of Chicago.

He was later sent to Rome to study canon law at the Pontifical Saint Thomas Aquinas University and was ordained as a priest in June 1982. Later in his career, he taught canon law in the seminary in Trujillo, Peru.

In an interview with Vatican News shortly after he became the leader of the Dicastery for Bishops, Prevost said: “I still consider myself a missionary. My vocation, like that of every Christian, is to be a missionary, to proclaim the Gospel wherever one is.”

Days of celebration

The coming days are for celebration; Leo’s name will be uttered in homilies and masses across the Catholic world, and will spark particularly joyous scenes in his home country. Adding to festivities, and to the new pope’s diary commitments, is the fact that 2025 is a jubilee year for the church – a special celebration announced by Pope John Paul II 25 years ago, which sees a busy schedule of Vatican-organized events.

But leading the largest Christian denomination through an unpredictable era will require difficult and consequential decisions. The new pope inherits a church whose image and ambitions were transformed by its predecessor; Francis pulled the priorities of the church away from social issues such as abortion, homosexuality, gender roles and contraception, advocating instead for the world’s poor, displaced and needy, and instilling a mission anchored in altruism.

Whether or not to continue that trajectory will be a defining choice for the new pontiff. Francis’ rejection of opulence and his softer tone on social issues was praised by some Western leaders, but there remains a faction in the church advocating for a stricter line on questions of sex, gender, marriage and migration.

Asked about the contributions of three women who were made members of the Dicastery for Bishops, Prevost told Vatican News: “I think their appointment is more than just a gesture on the part of the Pope to say that there are now women here, too. There is a real, genuine, and meaningful participation that they offer at our meetings when we discuss the dossiers of candidates.”

He must also choose carefully when to intervene on the world stage. Francis became increasingly political in the final years of his papacy, making the case for the rights of migrants, urging a ceasefire in the Israel-Hamas war, and suggesting – to the ire of Kyiv – that Ukraine should wave “the white flag” and make concessions to end Russia’s war in the country.

These ongoing conflicts, and the rise of populism and authoritarianism around the world, set a complicated context in which the new pope – himself an important figure in global diplomacy – will operate.

And he must deal with crises from within, too. Francis’ failure to bring a close to the years-long scandal of child sexual abuse in the church will also reverberate through his successor’s papacy. Though he spoke defensively about his record on the matter, and took some important steps to tackle systemic issues involving abuse, the previous pope was accused by survivors’ groups of failing to hold accountable bishops and cardinals accused of covering up abuse.

Previously addressing the responsibility of combating clerical abuse, Prevost told Vatican News: “There are places where good work has already been done for years and the rules are being put into practice. At the same time, I believe that there is still much to learn.”

Last year, Francis’ commission for child protection said in its first report that parts of the church are still failing to ensure that abuse is properly reported, and raised concerns about a “lack of transparency” in how the Vatican handled cases.

This post appeared first on cnn.com

The weather was bad along the front line as the hour approached. Heavy clouds and rain meant activity by the two warring parties was always likely to be on the lower side.

But as the clock approached midnight Wednesday, the time the Kremlin said its guns would fall silent for three days, the men at the National Guard monitoring center in eastern Ukraine had absolutely no faith in Russian President Vladimir Putin’s ceasefire.

“My answer is simple – we don’t believe him,” said Kir, a drone special unit commander, expressing a view shared by Ukrainian President Volodymyr Zelensky, who has repeatedly said he is only interested in an immediate 30-day pause in the fighting.

As nightfall approached Thursday, almost a full day into the Russian leader’s ceasefire, Ukrainian officials were reporting continued attacks across the front line.

Foreign Minister Andrii Sybiha said there had been more than 500 attacks on Ukrainian troop positions over the course of the day, along with at least 10 strikes by guided aerial bombs, one of which killed a 55-year-old woman and wounded her son in the northern Sumy region.

In the southern Kherson region, a 35-year-old woman was killed in a drone strike, officials said.

Working from a nondescript building in a location we were told not to disclose, Kir and his colleagues were looking out for Russian attacks. Monitors on the desks and on the walls showed more than 100 live feeds from surveillance drones, operating across almost half the front line.

About 60 cameras were trained on the Donetsk region alone. Mavic drones only tonight, Kir explained, because of the bad weather. Usually there would be even more feeds to look at.

A few minutes after midnight, the men were reporting Russian activity. Artillery fire near Pokrovsk. A Grad rocket fired near Toretsk, and another instance of artillery fire, this time near Sloviansk. Attacks were on the low side, Kir said, though his attention was drawn to very high surveillance drone activity by Russian forces.

He was clear about Putin’s true intentions. When the Russian leader called an earlier snap ceasefire over Easter – which Ukraine said it had “mirrored” – Russia took the opportunity to re-supply positions and move troops, Kir said.

And it had benefited them, he added: “They struck successfully after Easter, and we lost some positions.”

He said he expected further infantry moves during the latest ceasefire.

The National Guardsmen had other evidence they said proved the Kremlin has absolutely no interest in peace.

Surveillance feeds have been showing them for several weeks that Russia is moving significant numbers of troops and hardware into positions just a few dozen kilometers back from the front line.

“Remember Crimea?” Kir asked, referring to Russian’s invasion of the Ukrainian peninsula in 2014, which Moscow denied at first, before moving quickly to illegally annex the territory.

“They started with a lie. And they’re still lying.”

Svitlana Vlasova contributed to this report.

This post appeared first on cnn.com

A pair of hawkish, Trump-supporting Senate Republicans say that any ‘lasting’ Iran nuclear deal would need to be approved by Congress, ideally through a two-thirds majority treaty vote. 

But scoring a two-thirds majority in the Senate for treaty ratification would require Iran to fulfill a series of steep demands. In addition to getting rid of all of its enriched uranium and centrifuges, GOP lawmakers say it would need to dismantle its ballistic missile program and cease all support for terrorist groups across the Middle East.

‘If they want the most durable and lasting kind of deal, then they want to bring it to the Senate and have it voted on as a treaty,’ Sen. Tom Cotton, R-Ark., said in response to a question from Fox News Digital. 

‘That was one reason why President Obama’s deal was so weak,’ Cotton went on. ‘An agreement between the American president, whoever he or she may be, and a foreign leader, can be reversed by future presidents, which President Trump rightly did seven years ago today.’

In 2015, Cotton led an open letter signed by Senate Republicans to Iranian leaders warning that any nuclear agreement not approved by Congress could be undone by a future administration. The move was widely viewed as a direct effort to undermine President Barack Obama’s ongoing negotiations.

Sen. Lindsey Graham, R-S.C., echoed the call for congressional oversight, saying that ‘at a minimum’ any deal must go through the Iran Nuclear Agreement Review Act (INARA), which passed Congress in 2015 with resounding bipartisan support and guarantees lawmakers a chance to review any accord reached with Tehran.

Graham said he had told Secretary of State Marco Rubio there was ‘no way’ to get 67 votes to ratify a treaty agreement without Iran totally dismantling its nuclear and missile programs and support for terrorism. 

The senators also drew a parallel with the so-called 123 agreements – the legal frameworks that govern U.S. civil nuclear cooperation with foreign nations. These agreements require strict safeguards to prevent the development of nuclear weapons.

‘It’s also customary in some cases for the Congress, not just the Senate, to pass ordinary legislation that supports the so-called 123 agreements,’ Cotton noted, suggesting that any comprehensive deal with Iran should be treated with similar legislative rigor.

Cotton and Graham spoke to reporters after introducing a resolution outlining ‘acceptable’ terms of an Iran deal, including total cessation of uranium enrichment. 

According to the International Atomic Energy Agency (IAEA), Iran has amassed enough highly enriched uranium to potentially build several nuclear weapons if it chose to do so – though U.S. intelligence assessments maintain that Tehran has not yet made a decision to weaponize.

Both U.S. and Israeli officials have ramped up their threats against the regime. Trump has made clear that if talks go south, the U.S. will engage in direct military action to thwart Iran’s nuclear program. 

Graham suggested the regime only has ‘weeks’ to acquiesce to a deal. 

‘We’re not talking about long, protracted negotiations,’ the South Carolina Republican said. ‘We’re talking weeks, not months, not years. The potential of Iranian breakout looms large here. Israel’s desire to bring closure to this issue looms large here.’

This post appeared first on FOX NEWS

An analysis of the Trump administration’s efforts to end diversity, equity and inclusion throughout the federal government during the president’s first 100 days in office revealed that nearly 750 DEI employees have been placed on leave or fired for a savings of more than $2 billion.

The analysis provided by the White House showed that the Environmental Protection Agency, the Department of Education and the Department of Labor saw some of the biggest savings. The trio of agencies fired or placed on leave 256 DEI employees, saving taxpayers over $1.3 billion, the analysis noted.

Overall, the Trump administration let go of 745 employees working in DEI offices or on DEI-related programs throughout the government and saved taxpayers roughly $2.33 billion. 

‘President Trump ordered the end of radical and racist DEI propaganda in government, and the administration is swiftly enacting the president’s order,’ White House principal deputy communications director Alex Pfeiffer told Fox News Digital. ‘Common sense has returned to government.’

In addition to savings and staff cuts, the White House’s analysis highlighted the various grants that were slashed and other changes made as a result of the Trump administration’s efforts to rid the federal government of DEI.

Those programs included race-based grants or quota programs at multiple agencies and race-based promotion commitments. Multimillion-dollar grants for DEI training and DEI-focused activist groups were also among the cuts at most agencies.

At the State Department, a $5 million grant to ‘strengthen organizational capacity leadership and impact for mid-sized autonomous intersex and trans human rights organizations’ was cut. The Department of Agriculture (USDA) saved $1.7 million by eliminating four years of DEI staff training on topics ranging from ‘microaggressions’ to ‘identifying and preventing racism in your marketing.’ 

‘You must accept what has happened and what you have done,’ a narrator of one of the LinkedIn training sessions funded through these grants stated. ‘If you can’t accept what the marketplace is telling you, that this piece of content is sexist, racist, homophobic … you can’t move forward as a leader.’  

Other USDA grants, according to the White House’s analysis, spent money on staff training aimed at ‘cultivat[ing] an Eye for Inequity,’ while Trump administration staff also found ‘DEI Bingo’ cards left over from the Biden administration. The bingo cards included spaces to be checked off, like, ‘I know what the ‘I’ in LGBTQIA+ means’ and ‘I have pronouns in my signature line.’

USDA also dispersed race-based grants, such as money for ‘LATINX Growers’ and ‘Black Women’s Regenerative Farming,’ according to the White House analysis. The analysis also indicated that the USDA spent $600,000 on research into the menstruation of biological males and $361,000 to support queer and trans farmers.

Similar DEI-related materials were found at the Department of Education, including a white board with bullet points about race-centric priorities. Below the heading ‘Projects’ was a bullet point that said ‘Black male resource doc,’ while ‘Goals of the Week’ included ‘Tighten up Black Ed Roundtable’ and ‘PAC pictures.’ Another box on the whiteboard said, ‘Black male political appointees.’ 

The Education Department under President Donald Trump has also slashed grants promoting racial hiring quotas and numerous teacher training sessions on topics like resisting ‘settler patriarchy’ and how America’s education system is one of the ‘settler-colonial realities.’

According to the administration’s analysis of its DEI cuts, almost 100 antisemitic incidents were left unresolved by the former Biden-Harris administration’s Office of Civil Rights within the Education Department. According to the analysis, staffers in the Education Department’s Office of Civil Rights were also told by the last administration to ‘sit on’ a civil rights complaint against transgender swimmer Lia Thomas. 

The Biden administration also reportedly neglected Freedom of Information Act requests about its DEI efforts. The White House’s analysis recorded as many as 4,000 outstanding requests sent to the Department of Labor, which, under President Joe Biden, promoted DEI-based hiring and mandatory training programs for staff.

The Health and Human Services Department also saw steep cuts to DEI programs during Trump’s first 100 days. 

At the National Institutes of Health alone, over $350 million in DEI projects were slashed, including grants for studying ‘multilevel and multidimensional structural racism’ and ‘gender-affirming hormone therapy in mice,’ among others.

In addition to all the cuts, the Trump administration has taken steps to rectify the Biden administration’s DEI focus. It ended DEI-related training courses within the DOT online learning management system and disabled an internal email feature at the Department of Transportation that let users list their pronouns. The administration did the same with other pronoun policies at other agencies.

The administration has also taken proactive steps at other agencies, such as removing DEI criteria from more than 2,900 supervisory performance standards at the Energy Department. At the Department of Interior, the agency’s ‘DEIA Council’ was terminated. It had a stated purpose of embedding diversity, equity and inclusion principles into ‘everything’ the agency does.

Trump’s crusade against DEI began on the first day of his second presidency with an executive order, ‘Ending Radical And Wasteful Government DEI Programs And Preferencing.’ In the order, President Trump accused the Biden administration of forcing ‘illegal and immoral’ DEI programs on the American people. 

‘This was a concerted effort stemming from President Biden’s first day in office,’ Trump’s order insisted. 

This post appeared first on FOX NEWS

A former top aide in President Donald Trump’s first administration is arguing that Republicans raising taxes on wealthy Americans ‘makes no sense.’

Marc Short, the former chief of staff to ex-Vice President Mike Pence, was an integral part of negotiations for Trump’s 2017 Tax Cuts and Jobs Act (TCJA). He also served in Trump’s first White House as director of legislative affairs from 2017 to 2018.

‘Raising taxes on America’s highest earners and biggest job creators makes no sense. I don’t understand why there are some inside the current administration who are pushing Congress to raise the top rate, because again, these are America’s job creators,’ Short said.

‘So many small businesses file taxes as individuals. And so you’re actually going to be raising taxes on many small businesses, not just individuals.’

Congressional Republicans are working on a massive piece of legislation that Trump has dubbed his ‘big, beautiful bill,’ aimed at advancing his policies on tax, border security, immigration, energy, defense and the national debt.

The tax policy portion is expected to be the costliest, and House negotiators are working on identifying a number of areas to cut a total of at least $1.5 trillion to offset the new spending.

A source familiar with Trump’s thinking told Fox News Digital he’s considering allowing the rate on individuals making $2.5 million or more to revert from 37% to the pre-2017 39.6%. 

It will help pay for massive middle- and working-class tax cuts as well as protect Medicaid, the source said.

The TCJA lowered the tax rate for the top income bracket — currently $609,350 for single filers — to 37%, a cut that’s expiring at the end of this year.

Creating a new, higher tax bracket for people earning significantly more than that would help pay for extending the 2017 tax cuts as well as implementing Trump’s new priorities: eliminating taxes on tips, overtime pay and retirees’ Social Security checks.

But Short, who helped get the 2017 package passed, dismissed those new Trump priorities as short-sighted political sweeteners.

‘I feel like some of the administration’s new requirements are somewhat gimmicky. I’m not sure many Americans who earn their income based on tips are even paying taxes on those tips right now. And I think we should begin to extend that to say no tax on overtime,’ he said.

Short said those changes would create ‘a lot of additional hurdles for businesses to comply with.’

‘I think the no tax on Social Security, it seems like what we’re trying to do is different from 2017, when we passed the Tax Cuts and Job Act,’ he said. ‘We tried to simplify the tax code, make it flatter and fair for all Americans, as opposed to creating carve-outs for certain constituencies.’

Fox News Digital reached out to the White House for a response to Short’s remarks.

Some conservative groups like the Heritage Foundation and Americans for Prosperity are also wary of a potential tax hike for the wealthy.

Richard Stern, director of the Hermann Center for the Federal Budget at the Heritage Foundation, said the group is opposed to efforts to raise tax rates to 40% or higher.

‘Congress needs to get its fiscal house in order, but it must do so by tightening its own belt, not by forcing American taxpayers to tighten theirs. A higher top tax rate would be counterproductive, discouraging hard work and entrepreneurship,’ Stern said.

Americans for Prosperity chief government affairs officer Brent Gardner said in a statement, ‘Raising taxes on any American should be completely off the table.’

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Former Vice President Mike Pence has a message for his old boss.

Pence is urging President Donald Trump, under whom he served as vice president in Trump’s first administration, not to raise the tax rate on wealthy Americans.

Trump’s 2017 Tax Cuts and Jobs Act, the signature domestic achievement of his first White House term, is scheduled to expire this year if it’s not extended by Congress.

The Trump White House and some congressional Republicans for weeks have mulled letting the tax reductions on the wealthy sunset as a way to pay for the rest of the tax cuts as well as Trump’s other pricey second-term priorities. 

 

And the president, during a Wednesday phone call, pushed House Speaker Mike Johnson to raise taxes on the highest income earners and close the carried interest loophole in the reconciliation process, Fox News Digital confirmed. The development was first reported Thursday by Punchbowl News.

A source familiar with Trump’s thinking said Trump is considering allowing the rate on individuals making $2.5 million or more to increase by 2.6%, from 37% to 39.6%.

But Pence, a fiscal conservative and budget hawk during his long political career in the House of Representatives, as Indiana governor and as vice president, strongly cautioned against upping the rates on the highest earners.

‘Any suggestion that I’ve heard among some in and around the administration that we raise the top margin rate, the so-called millionaires tax, would be an enormous tax increase on small business owners across America,’ Pence said. ‘It needs to be opposed.’

And the former vice president, in an interview with Fox News Digital this week, argued that ‘the majority of people that file taxes of a million dollars are simply individuals that own businesses, and they file their taxes as an individual, but then plow that money back into their company. If you raise that top margin, it would be an enormous tax increase on small business America.’

‘Let’s make all the Trump-Pence tax cuts permanent. That’s a way to really lay a foundation to grow the economy in the days ahead,’ Pence urged.

Pence, who was interviewed in Boston after receiving the John F. Kennedy Profiles in Courage award, gave ‘President Trump all the credit in the world for an historic victory last November, and for sparing the country one more liberal Democrat administration.’

He also praised Trump ‘not only for his victory, but for securing our southern border, for restoring morale and recruitment in our military, for taking the fight to the Houthis.’

But he argued that ‘I truly do believe that some of the other steps the president is taking away from that conservative agenda should be a concern that would work against his legacy and ultimately the success of our party or our country. And so we’re going to continue to be a voice against them.

‘I really do believe that for prosperity … for the success of our country, we need to stick to those time-honored principles of strong defense, American leadership on the world stage, less government, less taxes, traditional moral values and the right to life, and I’m going to be a voice for that,’ Pence added.

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