Pelosi’s Husband Makes Big Tech Stock Moves Again, Places $6 Million Bet As Congress Looks To Rein In Silicon Valley

House Speaker Nancy Pelosi’s (D-CA) husband bet up to $6 million on Google’s parent company Alphabet, Amazon, Apple, and NVIDIA, just before a House committee moved forward with multiple bills looking to limit the power of Big Tech corporations.

On June 18, Paul Pelosi exercised his Alphabet call options, which give him the right to buy 4,000 shares at a price of $1,200 per share, amounting to a total of $4.8 million, according to disclosed transactions. On May 21, he spent up to $250,000 on 50 Apple calls with a strike price of $100, and spent up to $1 million on 20 Amazon calls with a strike price of $3,000, both of which expire on June 17, 2022.

Fox Business reported that Paul Pelosi “did not immediately respond” for comment, while a spokesperson for Nancy Pelosi’s office said, “The speaker has no involvement or prior knowledge of these transactions,” adding that “The speaker does not own any stock.”

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Over 70 Percent of YouTube Videos Viewers Deemed Objectionable Were Recommended by YouTube’s Own Algorithm

A new study by software nonprofit Mozilla Foundation found that 71 percent of videos study participants deemed objectionable were suggested to them by YouTube’s own recommendation algorithm.

“Research volunteers encountered a range of regrettable videos, reporting everything from COVID fear-mongering to political misinformation to wildly inappropriate “children’s” cartoons,” Mozilla Foundation wrote in a post.

The largest-ever crowdsourced probe into YouTube’s controversial recommendation algorithm found that the automated software continues to recommend videos viewers considered “disturbing and hateful,” Mozilla said, including ones that violate YouTube’s own content policies.

The study involved nearly 38,000 YouTube users across 91 countries who volunteered data to Mozilla about the “regrettable experiences” they have had on the world’s most popular video content platform. Overall, participants flagged 3,362 regrettable videos between July 2020 and May 2021, with the most frequent “regret” categories being misinformation, violent or graphic content, hate speech, and spam/scams.

Mozilla said that almost 200 videos that YouTube’s algorithm recommended to volunteers have since been removed from the platform, including several that YouTube deemed violated their own policies.

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Facebook is banning anyone charged (not convicted) with participating in January 6 US Capitol riot

Facebook has revealed that it will ban anyone who’s charged in connection with the riot at the US Capitol on January 6 and may start “fact-checking” claims that the riot was staged.

In an article detailing how Alan Hostetter, a man who has been charged with obstructing official government proceedings and breaching restricted government property, was banned from Facebook and Instagram within hours of posting a video describing the January 6 riot as a “false flag” and a “fakesurrection” because he believed infiltrators were in the crowd, The Washington Post notes that:

“Facebook says that it does not allow people charged in the insurrection on the platform and that it may fact-check claims that the riot was staged.”

In the case of Hostetter, the prosecutors do not allege that he was violent or entered the Capitol building but claim that he “pushed through the area that the law enforcement officers had been blocking, moved up the stairs onto a structure erected for the Inauguration, and continued moving on to the Upper West Terrace.”

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Haitian President Jovenel Moïse Was Assassinated At Home, According To The Acting PM

Jovenel Moïse, Haiti’s embattled president who thrust the country into deeper political turmoil during his tumultuous one term in office, was assassinated overnight at his private residence, according to the country’s acting prime minister.

Prime Minister Claude Joseph said a group of people attacked the president’s private residence and killed him, calling it an “odious, barbaric” act.

“Every measure is being taken to guarantee the continuity of the state to protect the nation,” Joseph said in the statement.

The first lady was wounded by a bullet and is receiving care, he added.

Moïse came to power in 2017 after a lengthy election process that was marred by delays and accusations of fraud.

Although he had never held political office before, Moïse was tapped for the post by the country’s previous president Michel Martelly, who stepped down in 2016 without a successor in place.

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23 High-Ranking Officials in Biden Administration All Came from the Same Shadowy Firm

Many of the highest-ranking members of the Biden administration came from the same shadowy firm. It is a relatively new name among revolving-door power brokers in Washington D.C., which makes it all the more surprising.

Founded in 2017, WestExec describes itself as a “diverse group of senior national security professionals with the most recent experience at the highest levels of the U.S. government. With deep knowledge and networks in the fields of defense, foreign policy, intelligence, cybersecurity, international economics, and strategic communications, our team has worked together around the White House Situation Room table, deliberating and deciding our nation’s foreign and national security policies.”

WestExec Advisors gets its name from “West Executive Avenue,” which the official site says is “the closed street that runs between the West Wing of the White House and the Eisenhower Executive Office Building. It is, quite literally, the road to the Situation Room, and it is the road everyone associated with WestExec Advisors has crossed many times en route to meetings of the highest national security consequence.”

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San Francisco DA official says crime surge fears linked to racism

A senior official in the San Francisco District Attorney’s Office linked fears of a crime surge to racism in a tweet that raised eyebrows Sunday evening. 

Kate Chatfield, a senior director in far-left District Attorney Chesa Boudin’s office, downplayed safety concerns amid a nationwide crime spike. 

Chatfield was reacting to a Twitter user who said that “every single one of my friends right now is considering leaving” San Francisco due to crime fears. “My friends are scared for their children, and their husbands are scared for their wives,” the user wrote. 

“‘Husbands are scared for their wives’ —-your reminder that the ‘crime surge’ crowd shares the same ideology as The Birth of a Nation,” Chatfield fired back, referring to an early 20th-century White supremacist film. 

Chatfield locked her Twitter account – making it so only her followers can see her tweets – after her comment about crime fears drew sharp criticism online. Boudin’s office didn’t immediately return Fox News’ request for comment. 

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UFO Witnesses From Mississippi and Alabama Disapprove of Recent UFO Report

Some folks from Mississippi and Alabama are not buying the federal report about UFOs that was released on June 25 by the Office of the Director of National Intelligence.

The report was about Unidentified Aerial Phenomena sighted by members of the military since 2004. It doesn’t deny the possibility of some of the phenomena being extraterrestrial life forms visiting our planet, but neither does it doesn’t suggest the theory as a possibility.

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Rep. Ken Buck (R-CO) Speaks Out On Reining in Big Tech and Why Many House Members Refuse

Last June, the House subcommittee overseeing antitrust law issued a comprehensive 450-page report that concluded that four Silicon Valley companies — Facebook, Amazon, Google and Apple — are classic monopolies. It was by far the most in-depth and serious governmental attempt in the U.S. to grapple with the unprecedented and increasingly concentrated power of these tech giants.

The report documented the multiple ways that the centralized power and anti-competitive practices of these four tech companies are damaging both consumers and the broader society. It proposed numerous solutions to address those harms — from breaking them up to legislative and regulatory changes to enable more competition. The report narrated that these “companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.” And it concluded that “these firms typically run the marketplace while also competing in it — a position that enables them to write one set of rules for others, while they play by another, or to engage in a form of their own private quasi regulation that is unaccountable to anyone but themselves.”

The report, which came to be known as the Cicilline Report after subcommittee Chair David Cicilline (D-RI), was widely praised by antitrust activists and scholars. Yet it highlighted a strange political phenomenon. House Republicans have been flamboyantly waving the anti-Big-Tech banner with increasing passion and aggression, often in response to growing online censorship. Virtually every television appearance or in-district rally by a House Republican entails righteous denunciations of Silicon Valley monopoly power. Yet none of the Committee Republicans was willing to sign onto or support the Cicilline report. It was left to Cicilline and House Judiciary Committee Chair Jerrod Nadler (D-NY) to echo what their Republican colleagues were expressing with words to Fox News audiences or at town halls: “Our investigation leaves no doubt that there is a clear and compelling need for Congress and the antitrust enforcement agencies to take action that restores competition, improves innovation, and safeguards our democracy.”

In sum, there was a huge gap between GOP rhetoric about the evils of Big Tech and the actions of House Republicans, which not only failed to follow through on their fiery language but oftentimes seemed devoted to protecting the interests of the very Silicon Valley giants they were publicly denouncing. But now, one key House Republican — Rep. Ken Buck, who was first elected to represent Colorado’s 4th Congressional District back in 2012, when he ran as a Tea Party conservative, and became a vocal supporter of former President Trump — has changed that dynamic. Using his vital position as ranking member of the subcommittee, Buck has become increasingly outspoken about the need for legislative and regulatory action, rather than just cable-friendly rhetoric, to rein in the abuses of Big Tech, and has been working with a bipartisan coalition he helped assemble to pass consequential legislation.

Among other things, Buck is now a co-sponsor of various legislative measures that would more assertively enforce antitrust laws in order to foster greater competition. He has, as The Denver Post noted last week, been increasingly vocal in his criticism of his GOP colleagues for failing to follow through on what they tell their base. Along with his GOP Senate colleague Mike Lee (R-UT), Democratic Sen. Amy Klobuchar (D-MN), and Cicilline, Buck announced last week that this bipartisan group is urging new Federal Trade Commission Chair Lina Khan “to pursue antitrust enforcement action against Facebook.”

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