Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
The White House said on Monday that President Joe Biden pardoned his son Hunter in part to protect him from future persecution from political opponents, but his move drew fierce criticism, with some Democrats saying it undermined public trust in the rule of law.
The White House said on Monday that President Joe Biden pardoned his son Hunter in part to protect him from future persecution from political opponents, but his move drew fierce criticism, with some Democrats saying it undermined public trust in the rule of law.
Biden, a Democrat whose term ends on Jan. 20 when Republican President-elect Donald Trump takes office, signed an unconditional pardon for Hunter Biden on Sunday and said he believed his son had been selectively prosecuted and targeted unfairly by the president's political opponents.
Biden said in the past that he would not pardon his son, including to ABC News in June when he was asked if he would rule it out and replied "yes."
His surprise move was panned by his Republican political opposition, but also by Democrats who said it eroded trust in the judicial system, a concept Biden and his party had used to criticize Trump.
Hunter was prosecuted for tax offenses and chargesrelated to possession of a firearm after being targeted for years by Republicans in Congress who accused him of making business deals using his father's name but failed to establish any clear connections.
White House spokesperson Karine Jean-Pierre on Monday defended the president's action and said Biden believed Hunter faced further grief from his adversaries, who she did not name. Jean-Pierre was among the White House officials who had repeatedly said in the past Biden would not pardon his son.
"One of the reasons the president did the pardon is because they didn't seem like - his political ... opponents - would let go of it. It didn't seem like they would move on," she told reporters on Air Force One during a trip to Angola. "They would continue to go after his son. That's what he believed."
Jean-Pierre stressed this was not the first time a president had pardoned a family member. Bill Clinton pardoned his half-brother Roger before he left office, and Trump his daughter's father-in-law, Charles Kushner.
Jean-Pierre said Biden believed in the Department of Justice despite his statement that his son's process in the judicial system was "infected" with politics.
"Two things could be true: the president does believe in the justice ... system and ... Department of Justice, and he also believes that his son was singled out politically," she said.
She declined to give further details on why or how Biden had changed his mind, or whether the recent election that put Republicans in charge of the White House and both branches of Congress played a role.
Republicans accused Biden of lying. Democrats were split, with Colorado Governor Jared Polis suggesting he put family over country and former U.S. Attorney General Eric Holder saying the pardon was warranted.
"Joe Biden has an opportunity to do more than protect his own. He can extend the same compassion he showed his son to the millions of people trapped in prison for nonviolent offenses," Black Lives Matter said in a post on X, formerly Twitter.
The New York Times reported Biden was concerned that the pressure of the trials could impact his son's sobriety and that it appeared no consideration had been given to anything short of a full pardon.
Hunter Biden pleaded guilty in September to federal tax charges in federal court in Los Angeles and was due to be sentenced Dec. 16 under Mark C. Scarsi, a judge nominated by Republican President-elect Donald Trump. A jury found him guilty in June of making false statements on a gun background check; he was due to be sentenced for those charges this month as well.
Biden said on Sunday that his son had been selectively prosecuted and treated differently than others with similar situations. "No reasonable person who looks at the facts of Hunter’s cases can reach any other conclusion than Hunter was singled out only because he is my son – and that is wrong," he said.
Late on Sunday, Hunter Biden's attorney filed to dismiss the indictments against him.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment