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Nolte: ABC Fails to Fact-Check Hunter Biden’s Claim of ‘Not One Cent’ from Chinese Govt. Deal


Written by John Nolte | 

URL of the original posting site: https://www.breitbart.com/2020-election/2019/10/15/nolte-abc-fails-to-fact-check-hunter-bidens-claim-of-not-one-cent-from-chinese-govt-deal/

Hunter-Biden-interview-5577c-abc-ps-191014_hpMain | ABC News

ABC News allowed Hunter Biden to get away with the claim he did not make “one cent” from his company’s mega-deal with a Chinese bank that is a subsidiary of the Chinese government — when its own past reporting has said just the opposite.

During the sit-down interview, ABC’s Amy Robach set up the segment about Hunter’s China deal with the background on President Trump’s desire to look into Hunter’s shady $1.5 billion — with a “B” — deal with the Chinese bank (starts at around 5:03)::

ROBACH: Also on Trump’s list of accusations against Hunter Biden: that Hunter flew on Air Force Two with his father during an official government trip to China in 2013, leveraging that connection for financial gain in an investment deal with Chinese businessman Jonathan Li.

What Robach’s question omitted is that the deal was not just with an individual businessman but with the Bank of China — a subsidiary of the Chinese government itself.

She then asks Hunter directly:

ROBACH: The president has repeatedly said you have received $1.5 billion, despite no experience and for no apparent reason. Obviously fact checkers have said that that is not true.

HUNTER: This literally has no basis in fact in any way.

ROBACH: Have you received any money from that business dealing?

HUNTER: No.

ROBACH: At all?

HUNTER: Not one cent.

ROBACH: Definitely not 1.5 billion.

HUNTER: It’s crazy. They feel as though they have the license to go out and say whatever they want.

Hunter is then allowed to trash Trump and his family as liars while Robach, who has just lauded fact checkers and their fact checking,  says nothing about the fact that — and this is important — according to her own network’s reporting,  and Hunter’s own attorney, Hunter has a ten percent stake in BHR, the company that made that mammoth $1.5 billion China deal.

Just a few months ago, ABC aired an in-depth report on Hunter’s shady business dealings that included this nugget (starts at about the 2:00 minute mark):

This video shows Chinese diplomats greeting Vice President Biden as he arrives in Beijing in December of 2013. Right by his side? His son Hunter. Less than two weeks later, Hunter’s firm had new business, creating an investment fund in China, involving the government controlled Bank of China, with reports they hopes to raise $1.5 billion. Hunter still plays a role in the fund. His lawyer says his stake is worth about half a million dollars.

Where was Robach’s followup question? Where was her oh-so-vital fact checking? Why did she let him get away with saying “not one cent” when her own network reported just a few months ago that he had equity in the firm that made a massive $1.5 billion deal?

Obviously, Hunter is playing a semantic game with that “not one cent” comment. Hunter’s attorney appears to do the same in a statement he released just two days ago, on October 13, 2019:

Hunter neither played a role in the formation or licensure of the company, nor owned any equity in it while his father was Vice President. He served only as a member of its board of directors, which he joined based on his interest in seeking ways to bring Chinese capital to international markets. It was an unpaid position.

To date, Hunter has not received any compensation for being on BHR’s board of directors. He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest.

So Hunter hasn’t “received” “one cent” because there has been no payout to investors. There was no direct commission for that deal, which dum-dums would obviously suspect like he’s a bottom-run sales rep. But here’s the rub, according to no less than FactCheck.org: Hunter might not have been paid “one cent” yet, but he is still could be looking at an eventual payoff that hits the $20 million mark:

[Hunter’s lawyer George] Mesires told the New York Times that while Hunter Biden now has a 10% stake in BHR, which he acquired through a company he created named Skaneateles LLC, “there have been no distributions to the shareholders since Hunter has been an equity owner.”

But that doesn’t mean Biden won’t eventually make millions from the deal. Steven Kaplan, who conducts research on issues in private equity, venture capital, entrepreneurial finance, corporate governance and corporate finance at the University of Chicago Booth School of Business, told us that a private equity fund with $2 billion under management will typically generate fees over its life of hundreds of millions of dollars.

“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Kaplan told us via email. “The distinction they appear to be making is they capitalized the management company with $4.2 M even if the fund manages $2 B.  The value of that management company is likely far in excess of $4.2 M if they are managing $2 B.”

Kaplan pointed to two large publicly traded private equity firms for reference, both of which have a market value of about 10% of the assets under their management. Using that as a rough guide, that would put the value of Hunter Biden’s share closer to $20 million, he said.

Basically, it looks as though Hunter claiming not have made one cent off the China deal is like a CEO claiming he was not paid one cent to run a company because his compensation came from stocks or bars of gold or pearls or the gift of a home. But the fact is this: any deal that increases the value of the company that Hunter Biden has a stake in — and a $1.5 billion deal with a bank owned by one of the world’s biggest economies does just that — is a deal where Hunter Biden has a financial interest.

Maybe ABC will reveal Hunter’s semantic dishonesty when the rest of the interview airs later tonight. Maybe Robach will ask him what he has “earned” or “gained” as a result of the deal, rather than “received.” If not, it is a gross dereliction of duty on the network’s part. And all of this comes just one day after ABC was caught presenting 2014 video from a Kentucky gun range as video of  Turkish military operation against the Kurds.

Follow John Nolte on Twitter @NolteNC. Follow his Facebook Page here.

Today’s Politically INCORRECT Cartoon b y A.F. Branco


A.F. Branco Cartoon – Overloads

NBA has bowed to communist China’s oppressive anti-free speech policies rather than risk losing the lucrative Chinese market share.
NBA and ChinaPolitical cartoon by A.F. Branco ©2019.
More A.F. Branco Cartoons at The Daily Torch.

A.F. Branco Coffee Table Book “Make America Laugh again”

Branco’s Faux Children’s Book “APOCALI” ORDER  HERE

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, the great El Rushbo, and has had his toons tweeted by President Trump.

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – Beijing Bounce

NBA caters to an oppressive communist state and shuns the Hong Kong freedom protesters.
NBA to Honk KongCartoon by A.F. Branco ©2019.
More A.F. Branco Cartoons at The Daily Torch.

Branco’s Faux Children’s Book “APOCALI” ORDER  HERE

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A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, the great El Rushbo, and has had his toons tweeted by President Trump.

Bokhari: If Democrats Cared About the Environment, They’d Talk About China


Reported by Allum Bokhari | 

URL of the original posting site: https://www.breitbart.com/tech/2019/09/06/bokhari-if-democrats-cared-about-the-environment-theyd-address-china/

Pedestrians wearing face masks walk on a footbridge in heavy smog in Handan city, north China’s Hebei province, 2 January 2017. Heavy smog in northern China caused hundreds of flights to be canceled and highways to shut on Sunday (1 January 2017), disrupting the first day of the New Year … Imaginechina via AP Images

Am I just seeing things? Or are all the “climate crisis solutions” proposed by the Democrats designed to cause maximum pain to ordinary people, and almost none to wealthy elites? Progressives almost seem to take joy in inconveniencing the masses for no reason. Take the plastic straw ban, for example. Even National Geographic — hardly an anti-environmentalist publication  admits that plastic straws comprise just 0.025 percent of the plastic in the oceans.

Contrast the minimal impact of plastic straws with the extraordinary impact of China, and, by extension, global free trade. China, alone, produces around a third of the ocean’s plastic waste. China’s CO2 emissions are greater than the U.S. and Europe combined, and keep going up.

If Democrats really believe that climate change is an existential threat to humanity, why are they proposing draconian and pointless curbs on the behavior of ordinary Americans? Why aren’t they going after multinationals that continue to do business with the world’s biggest polluter, without demanding any environmental commitments from them (and hey, maybe some human rights commitments too?).

You’d think Bernie, at least, would get this. But his big idea is to make everyone have fewer babies. Instead of tackling China, he’s proposing a distinctly Chinese policy. Just because he didn’t say “one-child policy” doesn’t mean the similarity isn’t there.

The real reason Democrats won’t go after China is that they are now the party of global elites, and global elites are constantly salivating about the profits that can be made from China’s market of 1.4 billion people. They look to Europe and America and see a dwindling middle class with a declining population. There’s no money in that, not long-term anyway. Maybe the problem could be fixed with pro-natal policies like Hungary’s, but why bother? It’s far easier to simply go overseas, to a country that does have a booming population and rising middle class.

That’s the same reason, by the way, that global elites are so vociferously opposed to President Donald Trump and his agenda. Trade restrictions on China, to protect American jobs? An outrage! The elites can’t make money off American jobs, you see. They’re just so much more expensive than Chinese jobs!

Ask yourself, why is big tech so determined to work with China, despite the political pitfalls? Did Google, which once boasted the hipster motto “don’t be evil,” really think they’d suffer no blowback for developing a censored search engine designed to appease Chinese state censors? Or that working with the Chinese military but not the American one would somehow escape notice? Of course not — but for all its professed “values,” there’s no way a profit-seeking multinational like Google can resist the temptation of a 1.4 billion-person market.

As for the impact on the environment, the elites don’t really care, no matter how many times they jet to various climate change summits around the globe. It’s not that they don’t believe in a looming environmental catastrophe, they just believe they can escape it. “Doomsday capitalism” is how the left-wing magazine CounterPunch describes the trend of billionaires investing in post-apocalypse getaways.

There’s a lot of misinformation out there about how conservatives see the climate. While they’re skeptical of man-made climate change, natural climate change is a different matter. And even if they don’t think climate change is a problem, that doesn’t mean that the massive amounts of pollution generated by the likes of China is Okay. Preserving the natural environment means preserving our heritage — a conservative goal.

But plastic straw bans, meat bans, and one-child policies won’t solve the problem. They simply cause unnecessary pain to ordinary people. Meanwhile, the Chinese dirty coal furnaces keep on burning.

Are you a corporate or Big Tech insider who wants to confidentially reveal wrongdoing or political bias at your company? Reach out to Allum Bokhari at his secure email address allumbokhari@protonmail.com

Allum Bokhari is the senior technology correspondent at Breitbart News.

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – Taking Sides

Trump-hating Democrats continue to move so far to the left they’re willing to root against their own country in favor of communist China.

Trump and China TradePolitical cartoon by A.F. Branco ©2019.
More A.F. Branco Cartoons at The Daily Torch.

Branco’s Faux Children’s Book “APOCALI” ORDER  HERE

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It’s Official: Trump Winning the Trade War


Written By Kevin Jackson |

The media missed the latest news on China. And it’s not good, at least as far as Leftists in America are concerned.

America is winning!

As AP reports,

China’s factory activity contracted in July for a third month amid a tariff war with Washington and weak domestic demand. A monthly index released Wednesday by an industry group, the China Federation of Logistics & Purchasing, stood at 49.7 on a 100-point scale. That was up 0.3 points from the previous month but still below the 50-point mark that shows activity contracting.
The data indicate China’s economic downturn was slowing, said a logistics federation statement. But it said the economy still faced “downward pressure.”
Chinese exporters have been hurt by President Donald Trump’s tariff hikes in a dispute over Beijing’s technology policies and trade surplus. Consumer demand also has weakened, hurt by uncertainty about China’s economic outlook. China’s economic growth fell to 6.2% over a year ago in the quarter ending in June, its lowest level since 1993.
U.S. and Chinese trade negotiators met Wednesday but economists said an early breakthrough was unlikely. The manufacturing decline “will continue in 2019 until the trade and technology negotiations make some progress,” said Iris Pang of ING in a report. Chinese leaders have tried to shore up economic activity by pumping money into building highways and other public works. That has supported demand for construction materials but failed to reverse the overall downturn.
Exports of Chinese goods to the United States fell 7.8% in June from a year earlier. China’s global exports sank 1.3%.

I reported on this a while back. And my information came from two sources.

First, I have a friend who lives in China who gave me his observations on the ground. He said that many Chinese factories were idle. He said that far too many Chinese weren’t in their normal pattern of sleep and work.

Second, my pretend-parents have factories in China. They said that negotiations for their activities favored them for the first time in over a decade. They have factories begging for their business, each willing to undercut the other.

Sadly, the media doesn’t want Americans to know what common sense explains. When President Trump removed $250 billion from the Chinese economy, the Chicoms felt the impact. The American economy continues to grow. And had it not been for Boeing’s issue with the 737-800s, the Trump economy would likely still be setting stock market records.

Fear not, for the bull market will continue…in America.

China won’t fare so well. That’s because they bet on the wrong strategy.

As AP reported:

U.S. and Chinese envoys held “constructive” trade talks on Wednesday, the White House said, after President Donald Trump rattled financial markets by accusing Beijing of trying to stall in hopes he will fail to win reelection in 2020.
The meeting, aimed at ending a tariff war over trade and technology, ended about 40 minutes ahead of schedule. Neither delegation spoke to reporters before U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin left for the airport. But White House spokeswoman Stephanie Grisham said in a statement hours later that “the meetings were constructive,” and that talks are expected to resume in Washington in September, though exact dates were not announced.
According to the statement, the Chinese confirmed their commitment to President Donald Trump to buy more U.S. agricultural exports, something Trump had publicly been casting doubt on.
Economists had said quick breakthroughs were unlikely because the two governments face the same disagreements over China’s technology policy and trade surplus that caused talks to break down in May. Trump and President Xi Jinping agreed in June to resume negotiations but neither has given any sign of offering big concessions.
The dispute over U.S. complaints that Beijing steals or pressures companies to hand over technology has battered exporters on both sides and disrupted trade in goods from soybeans to medical equipment. Trump has raised tariffs on $250 billion worth of Chinese imports while Beijing responded by taxing $110 billion of U.S. products.

Trump’s economy is an undeniable success.

And as Newt Gingrich recently reminded us, strong economies win elections.

“If the economy stays good and the president stays focused, he’s going to win,” he remarked.

While making the prediction, Gingrich pointed to the Trump campaign’s increasing momentum, which he said: “is all predicated on just tremendous amounts of hard work.”

Our team weighed in:

Just last month, Trump broke another amazing economic record. It’s hard to believe one president could have so much success, but that’s only because we spent eight years taking the beat-down of a lifetime. And while Obama promised an economic recovery, Trump delivered.
It’s that simple. During the Obama administration, we lost jobs. Manufacturing packed up and headed overseas. ObamaCare strained small businesses to the breaking point. The stock market posted dismal numbers. In short, Obama put us in a depression darker than the Great Depression.
However, the morning after the election, stocks started to rise. The promise of a Trump White House put confidence back in the market. Manufacturing returned. Jobs came back. An as for the depression, Trump was the Prozac that put an end to it. Now, we can’t stop breaking records.
Meanwhile, desperate democrats can’t find a solid candidate or a unifying message. But no matter what they cling to, the Trump economy slaps them in the face. And when you add the trade war victory to the economy, the Trump train becomes unstoppable.

Peter Thiel: FBI, CIA Must Investigate ‘Treasonous’ Google


Written by Lucas Nolan | 

URL of the original posting site: https://www.breitbart.com/tech/2019/07/15/peter-thiel-fbi-cia-must-investigate-treasonous-google/

New Zealand's government has come under fire for granting citizenship to the co-founder of PayPal, Peter Thiel, despite him not meeting official criteria
ALEX WONG/Getty
 

Billionaire investor, Facebook board member, and Trump supporter Peter Thiel recently called on the FBI and CIA to investigate Google for the “seemingly treasonous” act of aiding the Chinese military.

Axios reports that Peter Thiel, the billionaire Silicon Valley investor, Facebook board member, and longtime supporter of President Donald Trump, called on the FBI and CIA to investigate Google for allegedly aiding the Chinese military during his speech at the recent National Conservatism Conference. During the speech, Thiel noted “three questions that should be asked” by the federal government of tech giant Google.

Number one, how many foreign intelligence agencies have infiltrated your Manhattan Project for AI?

Number two, does Google’s senior management consider itself to have been thoroughly infiltrated by Chinese intelligence?

Number three, is it because they consider themselves to be so thoroughly infiltrated that they have engaged in the seemingly treasonous decision to work with the Chinese military and not with the US military… because they are making the sort of bad, short-term rationalistic [decision] that if the technology doesn’t go out the front door, it gets stolen out the backdoor anyway?

Thiel added that these questions “need to be asked by the FBI, by the CIA, and I’m not sure quite how to put this, I would like them to be asked in a not excessively gentle manner.” Thiel has been a long time supporter of Artificial Intelligence, joining Elon Musk and Reid Hoffman in pledging to commit a total of $1 billion to the non-profit group OpenAI in 2015.

Google has come under fire previously for its relationship with China, particularly the development of a censored Chinese search engine codenamed Project Dragonfly. During a speech before the Hudson Institute in 2018, Vice President Mike Pence criticized what he believes is China’s theft of U.S. technology, urging Google to take action on the issue. Pence said during the speech that other business leaders are hesitant to enter the Chinese market “if it means turning over their intellectual property or abetting Beijing’s oppression.”

Pence called on Google to listen to these other leaders and that “more must follow suit.” He also called on Google to end the development of its censored Chinese search engine project known as Dragonfly: “For example, Google should immediately end development of the ‘Dragonfly’ app that will strengthen Communist Party censorship and compromise the privacy of Chinese customers,” said Pence.

In an interview with Tucker Carlson, Chinese policy expert Dr. Michael Pillsbury noted that eight years ago, Google co-founder Sergey Brin received praise for refusing to do business with the Chinese government, a decision which now appears to have been completely reversed. “Fast forward eight years and Google has reversed itself, but done so secretly.”

Recently, e-commerce giant Amazon faced pressure from employees to cut ties with Peter Thiel’s Palantir, a data mining firm that is employed by ICE in its efforts to carry out deportations. Amazon employees are now circulating a letter from June 2018 in which they called for executives to ban Palantir from Amazon Web Services; Palantir’s software utilizes Amazon’s cloud computing unit.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or email him at lnolan@breitbart.com

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