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Impeachement report lays out President Biden’s alleged offenses

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“The Biden family, with the help and knowledge of the president, used the Biden family name around the world to rake in nearly $30 million from overseas entities in Ukraine, China, Romania and elsewhere in secretive influence deals.”

President Joe Biden committed impeachable offenses in his role in his family’s alleged overseas business dealings, a newly released report from the U.S. House Ways and Committee alleges.

“As described in this report, the Committees have accumulated evidence demonstrating that President Biden has engaged in impeachable conduct,” the report said.

The 291-page report lays out in detail what have at times been murky allegations against the president.

House Oversight Chair Rep. James Comer, R-Ky., helped spearhead the investigation, uncovering and laying out evidence. He and Republicans on the impeachment committee argue that the Biden family, with the help and knowledge of the president, used the Biden family name around the world to rake in nearly $30 million from overseas entities in Ukraine, China, Romania and elsewhere in secretive influence deals.

“In order to obscure the source of these funds, the Biden family and their associates set up shell companies to conceal these payments from scrutiny,” the report said. “The Biden family used proceeds from these business activities to provide hundreds of thousands of dollars to Joe Biden—including thousands of dollars that are directly traceable to China.”

Biden has brushed off questions about his involvement in a scheme being highlighted in the Republicans’ report. The administration has yet to release a formal response in reaction to the report.

A key question in the investigation has been, even if Hunter Biden and others monetized the “Biden brand,” how much did the president really know or participate?

“Witnesses acknowledged that Hunter Biden involved Vice President Biden in many of his business dealings with Russian, Romanian, Chinese, Kazakhstani, and Ukrainian individuals and companies,” the report said. “Then-Vice President Biden met or spoke with nearly every one of the Biden family’s foreign business associates, including those from Ukraine, China, Russia, and Kazakhstan. As a result, the Biden family has received millions of dollars from these foreign entities.”

The president has repeatedly brushed off these allegations, and so far Republicans have not gotten the needed votes to make impeachment a serious threat.

From the report:

First and foremost, overwhelming evidence demonstrates that President Biden participated in a conspiracy to monetize his office of public trust to enrich his family. Among other aspects of this conspiracy, the Biden family and their business associates received tens of millions of dollars from foreign interests by leading those interests to believe that such payments would provide them access to and influence with President Biden. As Vice President, President Biden actively participated in this conspiracy by, among other things, attending dinners with his family’s foreign business partners and speaking to them by phone, often when being placed on speakerphone by Hunter Biden. For example, in 2014, Vice President Biden attended a dinner for Hunter Biden with Russian oligarch Yelena Baturina.4 Following the dinner, Baturina wired $3.5 million to Rosemont Seneca Thornton, a firm associated with Hunter Biden. Then, months later, as Hunter Biden and his business associates continued to solicit more money from Baturina, Vice President Biden participated in a phone call with Baturina and Hunter Biden where Vice President Biden told Baturina, “you be good to my boy.” Moreover, President Biden knowingly participated in this conspiracy. Based on the totality of the evidence, it is inconceivable that President Biden did not understand that he was taking part in an effort to enrich his family by abusing his office of public trust.

“The Biden-Harris Administration has lied to the American people time and again to cover up and obstruct the investigation into tax crimes committed by a Biden family business enterprise that capitalized on political power,” Rep. Jason Smith, R-Mo., who chairs the House Ways and Means Committee, said in a statement. “The American people have been shocked to learn the magnitude of the scheme going back to the President’s time as Vice President, when Biden family members were allowed to use Air Force Two as their own private business jet.

“None of this would have come to light had it not been for the two IRS whistleblowers who were tired of watching their investigation into the President’s son become obstructed, delayed, and denied the ability to move forward as the pursuit of truth demanded,” he added.

The whistleblowers in question are Supervisory Special Agent Gary Shapley and Criminal Investigator Joseph Ziegler, two IRS employees with nearly three decades of combined federal experience.

Those whistleblowers came forward and testified before Congress about Hunter Biden’s alleged tax crimes, saying that this case was unlike any other. One whistleblower testified that the Biden administration interfered in the investigation to protect Hunter and prevent a raid at the president’s Delaware home.

Earlier this year, Hunter, who still faces tax charges Biden was found guilty on federal gun charges.

President Biden has said he will not pardon his son.

Whether Biden falling out of favor with his own party in the presidential election will change that trajectory remains to be seen.

“Americans now know Joe Biden was ‘the brand’ the Bidens sold around the world to enrich the Biden family, and Joe Biden knew of, benefitted from, and participated in his family’s influence peddling schemes,” Comer said in a statement. “The entire Biden influence peddling model relied on Joe Biden’s presence—at meetings, on the phone, or at dinners—to demonstrate his family members’ influence over him, and he repeatedly provided it.”

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Automotive

Nissan, Honda scrap $60B merger talks amid growing tensions

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Nissan is reportedly abandoning merger talks with Honda, scrapping a $60 billion deal that would have created the world’s third-largest automaker. The collapse raises questions about Nissan’s turnaround strategy as it faces challenges from electric vehicle competitors and potential U.S. tariffs.

Key Details:

  • Nissan shares dropped over 4% following the news, while Honda’s stock surged more than 8%, signaling investor relief.
  • Honda reportedly proposed making Nissan a subsidiary, a move Nissan rejected as it was initially framed as a merger of equals.
  • Nissan is struggling with financial challenges and the transition to EVs, still reeling from the 2018 scandal involving former chairman Carlos Ghosn.

Diving Deeper:

Merger talks between Nissan and Honda have collapsed, according to sources, after months of negotiations to form an auto giant capable of competing with Chinese EV makers like BYD. The proposed deal, valued at over $60 billion, would have created the world’s third-largest automaker. However, differences in strategy and control ultimately derailed the discussions.

Reports indicate that Honda, Japan’s second-largest automaker, wanted Nissan to become a subsidiary rather than an equal merger partner. Nissan balked at the idea, leading to the collapse of negotiations. Honda’s market valuation of approximately $51.9 billion dwarfs Nissan’s, which may have fueled concerns about control. The failure of talks sent Nissan’s stock tumbling more than 4% in Tokyo, while Honda’s shares rose over 8%, reflecting investor confidence in Honda’s independent strategy.

Nissan, already in the midst of a turnaround plan involving 9,000 job cuts and a 20% reduction in global capacity, now faces mounting pressure to restructure on its own. Analysts warn that the failed merger raises uncertainty about Nissan’s ability to compete in an industry rapidly shifting toward EVs. “Investors may get concerned about Nissan’s future [and] turnaround,” Morningstar analyst Vincent Sun said.

Complicating matters further, Nissan faces heightened risks from U.S. tariffs under President Donald Trump’s trade policies. Potential tariffs on vehicles manufactured in Mexico could hit Nissan harder than competitors like Honda and Toyota. The stalled deal also impacts Nissan’s existing alliance with Renault, which had expressed openness to the merger. Renault holds a 36% stake in Nissan, including 18.7% through a French trust.

While both Nissan and Honda have stated they will finalize a direction by mid-February, the collapse of this deal signals deep divisions in Japan’s auto industry. With Nissan’s financial struggles and the growing dominance of Chinese EV makers, the company must now navigate an increasingly challenging market without external support.

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Arts

Trump’s Hollywood envoys take on Tinseltown’s liberal monopoly

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President Trump has appointed Jon Voight, Sylvester Stallone, and Mel Gibson as “special envoys” to Hollywood, aiming to restore a “Golden Age” and challenge the industry’s entrenched liberal bias. According to RealClearPolitics’ Ethan Watson, the move highlights the necessity of reclaiming cultural institutions from leftist control.

Key Details:

  • Trump’s Truth Social post described the trio as his “eyes and ears” in Hollywood, advising on business and social policy.

  • Hollywood’s leftist dominance, as seen in Disney’s political agenda and the cancellation of Gina Carano, has alienated conservatives.

  • Watson argues that Trump understands “politics is downstream from culture” and that influencing Hollywood is vital to shaping American values.

Diving Deeper:

President Trump’s latest move to reshape Hollywood has the entertainment industry buzzing. By appointing Jon Voight, Sylvester Stallone, and Mel Gibson as his “special envoys” to Tinseltown, Trump is signaling that conservatives no longer need to cede cultural institutions to the left. As RealClearPolitics’ Ethan Watson writes, “Donald Trump understands something many right-wingers haven’t for a long time: It’s time to take back institutions.”

Trump, who has long criticized Hollywood’s liberal slant, sees the entertainment industry as a battleground for shaping public opinion. “Although studies have shown that many Americans, particularly younger people, are unaware of the biggest news story of the day, nearly all of them consume media produced by Hollywood,” Watson notes. This cultural dominance, Watson argues, has been exploited to push a left-wing agenda, alienating conservative voices.

The case of Gina Carano exemplifies Hollywood’s intolerance toward dissent, Watson writes. The former “Mandalorian” star was fired by Disney in 2021 after posting a historical comparison on social media. “In truth, her cancellation was most likely due to her mocking pronoun virtue signaling and COVID-19 precautions that were essentially an entrance fee into the upper echelons of Hollywood,” Watson states. The politicization of entertainment didn’t stop there—Disney executive Latoya Raveneau openly admitted to inserting a “not-at-all-secret gay agenda” into children’s programming.

Watson pushes back against the idea that conservatives should simply “build their own” Hollywood, arguing that the industry is too integral to American culture to be abandoned. “Casting it aside would be like trying to create an alternative to Mount Rushmore or baseball – it’s irreplaceable,” he writes. Trump’s decision to highlight conservative-friendly stars like Stallone, Voight, and Gibson sends a powerful message: conservatives in Hollywood no longer have to stay silent.

Trump’s envoys are a step toward restoring balance in an industry that has become a one-party echo chamber. “Hollywood, along with social media, has become the ‘town square,’ the medium by which Americans share ideas,” Watson explains. With leftist cancel culture stifling dissent, Trump’s initiative is not just about entertainment—it’s about ensuring freedom of expression in America’s most influential industry.

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