Octopus Overlords

The US Treasury is giving a $700 million loan to YRC Worldwide, a troubled trucking company that warned in May it was in danger of going out of business.

That's an enormous sum for a company whose stock had plunged 27% this year and was worth only $70 million as of Tuesday's close. And here's the kicker: The government sued YRC for ripping it off.

"Treasury's determination was based on a certification by the Secretary of Defense that YRC is critical to maintaining national security," said Treasury in its statement.

...

But according to a recent filing by YRC, it is in the process of being sued by the Defense Department.
The suit, filed in December of 2018, alleges YRC overcharged the Defense Department as well as failing to comply with the contract terms and related government procurement rules, along with unjust enrichment and breach of contract, according to YRC's filing.

The civil complaint charges that YRC "reweighed thousands of shipments and suppressed the results whenever they indicated that a shipment was actually lighter than its original estimated weight." The suit said the practice went on for seven years and cost the Defense Department millions of dollars.

...


The company has 30,000 employees, of whom 24,000 are represented by the Teamsters union. About half the loan money will be used to cover short-term contractual obligations, including pension and healthcare benefits. The loan will be due in 2024.

The loan was also praised by James Hoffa, general president of the Teamsters union, who thanked President Donald Trump, Treasury Secretary Steven Mnuchin and Congress for the assistance.

The Ayn Rand Institute received a PPP loan of between $350K and $1 million

Skinypupy wrote: Mon Jul 06, 2020 5:10 pm Irony is well and truly dead.

https://twitter.com/PatFitzgerald23/sta ... 8677084160

The Ayn Rand Institute received a PPP loan of between $350K and $1 million

A federal judge on Monday dismissed a lawsuit backed by Michigan Republicans that attempted to overturn a 2018 ballot measure that changed the process of drawing the state’s political districts.

The Michigan Republican Party and Tony Daunt, executive director of the conservative Michigan Freedom Fund, filed separate lawsuits that were later combined to argue their constitutional rights were violated by rules prohibiting political actors from joining a new, voter-approved redistricting commission. U.S. District Judge Janet Neff ruled in favor of Secretary of State Jocelyn Benson on Monday, July 6, determining the plaintiffs failed to provide plausible evidence for their claims.

Neff’s ruling referenced another recent decision by a three-judge panel of the 6th U.S. Circuit Court of Appeals, which unanimously upheld a lower court decision deeming the new law constitutional.
...
Republicans argued, according to court documents, that restrictions on who can serve on the commission violate their constitutional rights. Daunt and The Michigan Republican Party also argued their constitutional right to association was violated because political parties are blocked from choosing representatives to serve on the commission.

People cannot serve if they have, in the last six years, ran for office, were an elected official, a political party officer, paid political consultant, registered lobbyist, worked for the legislature or were an unclassified state employee. People also cannot serve if they are a parent, stepparent, child, stepchild or spouse of a person who has done any of those things.
...
Neff and the 6th Circuit Court sided with Benson, ruling that the eligibility criteria does not impose any “severe” burden on the GOP plaintiffs.

“Specifically, the Sixth Circuit determined that the burden on Plaintiffs is ‘relatively insignificant,’ given ‘their ability to serve on the Commission after their six-year period of ineligibility expires, the lack of any direct prohibition or regulation of pure speech, and the absence of any fundamental right to be a member of the Commission,‘” Neff wrote.

hepcat wrote: Wed Jul 08, 2020 3:06 pm Another gem from Miller.

El Guapo wrote: Wed Jul 08, 2020 3:23 pm Can I sign up to be a KPOP agent? Seems like that would be a lot of fun. Who do I talk to?

El Guapo wrote: Wed Jul 08, 2020 3:23 pm Can I sign up to be a KPOP agent? Seems like that would be a lot of fun. Who do I talk to?

El Guapo wrote: Wed Jul 08, 2020 3:23 pm Can I sign up to be a KPOP agent? Seems like that would be a lot of fun. Who do I talk to?

Unagi wrote: Wed Jul 08, 2020 3:33 pm

El Guapo wrote: Wed Jul 08, 2020 3:23 pm Can I sign up to be a KPOP agent? Seems like that would be a lot of fun. Who do I talk to?

I got started by just calling Alexandria Ocasio-Cortez's office. They will direct you to the proper people.

El Guapo wrote: Wed Jul 08, 2020 3:35 pm

Unagi wrote: Wed Jul 08, 2020 3:33 pm

El Guapo wrote: Wed Jul 08, 2020 3:23 pm Can I sign up to be a KPOP agent? Seems like that would be a lot of fun. Who do I talk to?

I got started by just calling Alexandria Ocasio-Cortez's office. They will direct you to the proper people.

Thanks.

I'm pretty sure that I'm going to need to drastically improve my dancing to be accepted, though.

hepcat wrote: Wed Jul 08, 2020 3:06 pm Another gem from Miller.

Holman wrote: Wed Jul 08, 2020 4:46 pm
He also has a weird fixation on Patti Labelle as a locus of Evil in the world.

Holman wrote: Wed Jul 08, 2020 4:46 pm

hepcat wrote: Wed Jul 08, 2020 3:06 pm Another gem from Miller.

He also has a weird fixation on Patti Labelle as a locus of Evil in the world.

Holman wrote: Sun Jul 12, 2020 6:55 pm KW Miller is the gift that keeps on giving.

https://twitter.com/KwCongressional/sta ... 59342?s=20

For example, red is the color most used by fast food chains, followed closely by yellow and orange. Yellow and orange are colors that make people feel hungry. The color red is associated with emotion and passion. So when one sees red combined with yellow and orange, they become passionately hungry.

Zarathud wrote: Sun Jul 12, 2020 6:58 pm Taco Bell is the only chain that survives the Fast Food Wars. It is known.

hepcat wrote: Mon Jul 13, 2020 10:18 am Also, the comments in that tweet has taught me a new favorite insult: mall ninja.

Skinypupy wrote: Mon Jul 13, 2020 9:41 pm An incredible representation of wealth to scale

CNN wrote wrote: "Really successful coach," Trump said of Tuberville, whom he's vigorously endorsed in the race against his former attorney general Jeff Sessions. "Beat Alabama, like six in a row, but we won't even mention that. As he said ... because of that, maybe we got 'em Lou Saban ... And he's great, Lou Saban, what a great job he's done."

Alefroth wrote: Tue Jul 14, 2020 2:48 pm Maybe he's on a middle-name basis with him.

LordMortis wrote: Tue Jul 14, 2020 2:55 pm

Alefroth wrote: Tue Jul 14, 2020 2:48 pm Maybe he's on a middle-name basis with him.

TIL, Nick Saban's middle name is Lou... and Quaalude has two a's. Can I call it a day?