Tag: Steven Mnuchin

Inside Mnuchin’s far-fetched plan to rebuild TikTok from scratch + Controversial former Activision Blizzard CEO Bobby Kotick could buy TikTok with help from Sam Altman

Tina Marie (Ms. Cat)

Inside Mnuchin’s far-fetched plan to rebuild TikTok from scratch

Mnuchin said he has discussed his pitch with an assortment of billionaires and big businesses, including the tech giant Oracle and the former head of the Activision Blizzard video game empire Bobby Kotick, the two people said.

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Dan Wang*, a visiting scholar at Yale Law School’s Paul Tsai China Center who studies Chinese tech and policy, said Mnuchin’s proposal would probably hit a dead end in China, which has shown no interest in consenting to a forced sale and could use its “highly discretionary” political system to block the deal.

Related:

Controversial former Activision Blizzard CEO Bobby Kotick could buy TikTok with help from Sam Altman

Bobby Kotick spent 33 years as CEO of Activision, during which time he faced plenty of controversy. His departure from the company in December following Microsoft’s acquisition was met with celebrations from gamers and developers. There were tales of his interference with the development of Activision games over the years and his role in killing off Blizzard titles in China.

Kotick was also accused of leaving a voicemail threatening to kill an assistant in 2006 and was the subject of a flight attendant’s sexual harassment lawsuit in 2007. He faced allegations of incidents involving rape and harassment stretching from the mid-2010s through 2021, and Kotick and Activision had to pay a $35 million settlement last year after failing to maintain adequate controls to report and address misconduct within the company. Activision Blizzard also paid $54 million in 2021 to settle a gender discrimination lawsuit in California.

The alleged $15 million golden parachute Kotick received upon leaving Activision did little to endear him to the public, too.

*Dan Wang (not the dissident).

Mossad-linked Mnuchin wants to buy TikTok

Mitch McConnell says the labor shortage will be solved when people run out of stimulus money because Americans are ‘flush for the moment’

Tina Marie (Ms. Cat)1 Comment

Mitch McConnell says the labor shortage will be solved when people run out of stimulus money because Americans are ‘flush for the moment’

Related:

McConnell’s Wife’s Family Business Appears on Trump Admin’s List of Companies That Received Most PPP Money

So says the man who’s wife received a PPP loan! 🙄

Top U.S. Officials Consulted With BlackRock as Markets Melted Down

Tina Marie (Ms. Cat)

Top U.S. Officials Consulted With BlackRock as Markets Melted Down

While some conversations were previously disclosed, the newly released emails, together with public calendar records, show the extent to which economic policymakers worked with a private company as they were drawing up a response to the financial meltdown and how intertwined BlackRock has become with the federal government.

Tax break for corporate meal expenses inserted into coronavirus aid package

Tina Marie (Ms. Cat)

Tax break for corporate meal expenses inserted into coronavirus aid package

Since the 1980s, businesses have only been able to deduct 50 percent of their meal expenses off their federal taxes. A proposal championed by the White House and Sen. Tim Scott (R-S.C.) would increase that deduction to 100 percent allowing companies to deduct the full cost of a business meal off their federal taxes.

Congress returns with virus aid, federal funding unresolved

Tina Marie (Ms. Cat)

Congress returns with virus aid, federal funding unresolved

Before the election, Trump seemed to be focused on a provision that would send another round of $1,200 payments to most Americans. He hasn’t shown a lot of interest in the topic since, apart from stray tweets. But the chief obstacles now appear to be Pelosi’s demand for state and local government aid and McConnell’s demand for a liability shield for businesses reopening during the pandemic.

At stake is funding for vaccines and testing, reopening schools, various economic “stimulus” ideas like another round of “paycheck protection” subsidies for businesses especially hard hit by the pandemic. Failure to pass a measure now would vault the topic to the top of Biden’s legislative agenda next year.

Trump makes $1.8 trillion economic relief offer, but deal with Pelosi remains elusive

Tina Marie (Ms. Cat)

Trump makes $1.8 trillion economic relief offer, but deal with Pelosi remains elusive

“Until we get liability protection and spending under control I don’t think a lot of conservatives will be real excited to vote for another stimulus package,” Comer said in an interview.

They’ve already bailed out the big corporations, so they’re not interested in helping out us plebs, anymore! Big execs are probably dining on lobster while us plebs are starving!