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Former House Speaker Nancy Pelosi Kicked Out of Her Capitol Office

Former House Speaker Nancy Pelosi Kicked Out of Her Capitol Office

Former House Speaker Nancy Pelosi claims the new interim House Speaker, Patrick McHenry, has ordered her to vacate her office in the US Capitol. Mr. McHenry had just been acting Speaker for a few hours when he received the request.

On Tuesday, his Republican friend Kevin McCarthy lost his position in the House of Representatives.

In a statement, Ms. Pelosi expressed her displeasure with the decision, stating, “this eviction is a sharp departure from tradition.”

Mr. McHenry has been silent thus far.

Mrs. Pelosi, a Democrat, was able to keep her Capitol office because she is a former House Speaker, which is unusual for members of Congress.

She said in the statement, “Unfortunately, I am unable to retrieve my belongings at this time because I am in California to mourn the loss of and pay tribute to my dear friend Dianne Feinstein.”

Ms. Feinstein, a senator from California for more than three decades, passed away last week at the age of 90.

In her own words, “Office space doesn’t matter to me, but it seems to be important to them,” Mrs. Pelosi said.

Nancy Pelosi

Nancy Pelosi’s office will be re-keyed

Politico was among numerous US media sites to initially report that the House Administration Committee had requested that Speaker Pelosi vacate her office.

The temporary Speaker of the House has decided to reallocate Room H-132 to the Speaker’s Office. According to the email’s contents, tomorrow am “the room will be re-keyed” and the occupants must evacuate the premises.

According to NBC News, a source with knowledge of the situation said that the previous Speaker’s office made the choice. No word from Mr. McCarthy yet.

After Mr. McCarthy became the first House Speaker to ever lose a no-confidence vote on Tuesday, Mr. McHenry took over the position. A right-wing uprising within his own party ultimately led to his downfall.

Although the 47-year-old has temporarily assumed the post, there is currently no obvious replacement to lead the minority Republican party in the House. The House has adjourned for a week, and next Monday will likely see a vote on whether to elect a new Speaker.

An influential figure in American politics, Nancy Pelosi is an American politician. My most recent information indicates that, as of September 2021, she is once again serving as the Speaker of the United States House of Representatives. Representative for the 12th Congressional District of California, which covers San Francisco, Pelosi is a Democrat.

Nancy Pelosi has served in Congress for many years. Since her initial election to the House of Representatives in 1987, she has won a number of subsequent terms. In 2007, she became the first woman to ever hold the role of Speaker of the House.

From 2007 until 2011, she presided as Speaker, a role she would later reclaim in 2019.

As Speaker, Pelosi has been instrumental in advancing Democratic policy priorities and legislative initiatives such as healthcare reform (the Affordable Care Act), financial reform (the Dodd-Frank Wall Street Reform and Consumer Protection Act), and a number of environmental and social justice initiatives.

Nancy Pelosi

First Woman Speaker of the House

An influential figure in American politics, Nancy Pelosi is an American politician. My most recent information indicates that, as of September 2021, she is once again serving as the Speaker of the United States House of Representatives. Representative for the 12th Congressional District of California, which covers San Francisco, Pelosi is a Democrat.

Nancy Pelosi has served in Congress for many years. Since her initial election to the House of Representatives in 1987, she has won a number of subsequent terms. In 2007, she became the first woman to ever hold the role of Speaker of the House.

As Speaker, Pelosi has been instrumental in advancing Democratic policy priorities and legislative initiatives such as healthcare reform (the Affordable Care Act), financial reform (the Dodd-Frank Wall Street Reform and Consumer Protection Act), and a number of environmental and social justice initiatives.

Pelosi has made a name for herself not only in politics, where she has served as Speaker of the House of Representatives since 2019, but also in the world of riches.

This begs the question, “how much is Nancy Pelosi worth?” Let’s break into her financial situation as we move deeper into 2023.

During her distinguished political career, Nancy Pelosi twice served as Speaker of the United States House of Representatives. Despite her political successes, many people are wondering how wealthy she is, especially in light of recent revelations.

Nancy Pelosi’s estimated net worth is over $120 million, according to a variety of sources. Asset valuation, however, involves a few more subtleties. Her estimated wealth, for instance, ranges from $43 million to a whopping $202 million, depending on factors like real estate and stock market prices.

Changes in Nancy Pelosi’s Wealth Over Time

In 2018, Pelosi had a net worth of about $114,662,521, a significant increase from her starting position. She amassed an additional $5. 3 million in fortune during the course of those five years. Her fortune has grown steadily but at different rates at different points in time.
Causes of Nancy Pelosi’s Financial Success

Even though Pelosi earns $223,000 per year as Speaker of the House, much of her fortune is due to her husband, Paul Pelosi. Paul’s success as a venture capitalist and real estate entrepreneur has undoubtedly bolstered the Pelosis’ already substantial wealth.
Important Monetary Events

Paul Pelosi’s shrewd investment in tech companies like Apple and Microsoft stood out among the many financial judgements he made. This $2.6 million option exercise turned out to be a brilliant financial move, since the investment has subsequently flourished.
Projection of Wealth in 2023

According to estimates from various sources, Nancy Pelosi’s wealth in 2023 is somewhere in the region of $120 million. This price tag is a result of both her own wealth and her husband’s business savvy.
Estimates of Wealth and Loss

There is a noticeable discrepancy between the wealth estimations provided by OpenSecrets and those provided by Finty. Some estimates put her value at $115 million, while others go as high as $202. The inherent difficulties in putting a value on things like stocks and real estate are to blame for this gap.
Conclusion

Aside from being a political rock star in the United States, Nancy Pelosi also has a healthy bank account. The source of her increasing riches is intriguing; it’s a combination of her salary and her husband’s business acumen.

Politics

Millennials in Canada Have Turned their Backs on Justin Trudeau

Millennials are increasingly distancing themselves from Trudeau
Millennials are increasingly distancing themselves from Trudeau - CBC Image

Justine Trudeau and his Liberal Party are currently engaged in a fierce battle for second place against Jagmeet Singh’s socialist NDP, as both parties find themselves trailing by 20 points behind Pierre Poilievre’s Conservatives.

A recent poll indicates that 38% of Canadians consider Trudeau to be the most ineffective leader the nation has encountered in over fifty years. An impressive 47% of Canadian Millennials indicated they would support Poilievre if an election were to take place today, while nearly half of all Canadians express a desire for an election to be called this year.

Pierre Poilievre’s strong appeal among young voters can be attributed primarily to economic factors: soaring inflation, a pressing cost-of-living crisis, and the challenge of housing affordability are pushing many away from the Liberals, who have held power for nearly nine years.

According to UnHeard, Millennials are increasingly distancing themselves from Trudeau due to his stringent measures aimed at controlling the internet to combat alleged disinformation, as well as his climate change initiatives, notably the carbon tax.

protest in downtown Toronto against mass immigration took place on Canada Day

Protest in downtown Toronto against mass immigration on Canada Day – TNC Image

An increasing number of Canadians are becoming aware of Trudeau’s ineffective policies and his approach to mass immigration. This past summer, there was significant outrage among parents of teenagers and young adults as they observed their children remaining at home without jobs.

The primary concern stemmed from the fact that most low-skilled and entry-level positions were being filled by unskilled, temporary foreign workers, predominantly from India.

There has been a notable rise in criminal activities linked to international students and unvetted temporary residents who are becoming involved with Punjabi gangs in Canada, contributing to a surge in auto thefts nationwide.

Pierre Poilievre and the Conservatives are actively seeking to alter Trudeau’s approach to mass immigration and prioritize the construction of more housing should they come into power.

Significantly, Pierre Poilievre is perceived as more trustworthy than Trudeau, with over half of Canadians characterizing Poilievre as “open and honest about his actions, decisions, and intentions,” while only 39% share that sentiment regarding Trudeau.

The characteristics in question may shed light on Poilievre’s favorable polling, particularly among younger voters and women, who have historically leaned towards the Liberals or the NDP rather than the Conservatives.

The Liberal Party’s support has dwindled to an estimated 7% of Canadians, revealing a significant number of disillusioned voters eager for transformation. Poilievre is emerging as the type of leader that resonates with the desires of many Canadians.

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U.N. Special Rapporteur Calls on Thailand’s Banks to Cut-Off Myanmar Junta

UN Special Rapporteur on human rights in Myanmar Tom Andrews speaks during a press conference after a meeting with Thailand's Parliamentary Committee

The U.N special rapporteur for human rights in Myanmar has said the Bank of Thailand, commercial banks, and the anti-money laundering office are working on measures to stop the Myanmar Junta from acquiring weapons through Thailand’s banking system.

Tom Andrews the U.N. special rapporteur for human rights in Myanmar, said that some banks commercial in Thailand had aided Myanmar Junta’s by facilitating transactions that supplied military equipment to the Junta through the international banking system.

He called on the Bank of Thailand and financial institutions to do more to stop Myanmar’s junta acquiring weapons which they use on civilians to maintain power.

The special rapporteur was in Bangkok to address a parliamentary committee on security, he called on the Thai government to stop financial transactions that help supply weapons to Myanmar’s junta in line with a plan promoted by the Association of Southeast Asian Nations (ASEAN) that sets out an end to violence as a first step toward peace.

In his 2023 report “The Billion Dollar Death Trade,” Andrews noted that Singapore had implemented a clear policy opposing the transfer of weapons to Myanmar.

Thailand's Banks

Thai Baht – File Image

Thailand’s Banks Lacked Clear Policy

As a result, exports of weapons and related materials from Singapore-registered entities using the formal banking system dropped from almost U.S. $120 million in fiscal year 2022 to just over $10 million over the next 12 months.

However, he said Thailand had no explicit policy position opposing weapons transfer to the Myanmar Junta, which saw exports from Thai-registered entities more than double in 2023, from just over $60 million to nearly $130 million.

He called on Thai Government to conduct a thorough investigation into transfers as Singapore had done into its companies’ dealings.

Andrews told the the committee that five Thai commercial banks and Thai-based companies were assisting Myanmar’s junta obtain weapons, dual-technology items and jet fuel, enabling Military Junta to conduct atrocities against the people.

But said he had found no evidence that the Thai government was involved or was aware of the transactions or that Thai commercial banks had knowledge.

Thailand's Banks

Photo courtesy of The Nation

Banks Condemn Myanmar Junta Violence

Meanwhile representatives from Thailand’s central bank, anti-money laundering office and the commercial banks named in the report were also present at the parliamentary meeting at government house in Bangkok.

A representative of the Bank of Thailand said officials were working with the commercial banks and the anti-money laundering office to make sure that enhanced oversight was properly practiced.

The Thai Bankers Association that was also at the parliamentary meeting said it did not have the means to investigate and monitor such irregularities beyond Thailand’s borders.

Mr. Pongsit Chaichatpornsuk, a Thai Bankers Association representative told the committee that If government security agencies tell us, we will stop transactions. We don’t support arms procurement by Myanmar Junta or any military government to violate human rights.

Thailand, which shares a long border with Myanmar and hosts many thousands of refugees fleeing conflict there, has tried to promote dialogue between Myanmar’s military rulers and opposition forces but no progress has been made.

This Article was first published in RFA

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People Rushing Sign Online Petition to Impeach South Korea’s President Crash Site

South Korea's President

The Speaker of the National Assembly of South Korea said in a statement that an online petition calling for South Korea’s President Mr. Yoon Suk-yeol’s impeachment crashed due to the enormous number of individuals attempting to sign the petition. Saying the National Assembly would resolve the matter as quickly as possible.

Since the petition was launch on the National Assembly’s website on June 20, more than 811,000 people have signed it. The petition urges Parliament to introduce legislation to impeach President Yoon on the grounds that he is unfit for office.

Late on June 30, National Assembly Speaker Mr. Woo Won-shik issued an apology for the disturbance and stated that Parliament would take action to protect the public’s fundamental rights.

People attempting to access the petition on July 1 experienced delays of up to four hours. At one point, an error message indicated that more than 30,000 individuals were waiting to access the site.

South Korea’s Parliament Hesitant

The online petition accuses Yoon of corruption, escalating the risk of conflict with North Korea, and endangering South Koreans’ health by failing to prevent Japan from leaking treated radioactive water from the destroyed Fukushima nuclear power plant.

By law, Parliament must assign every petition signed by more than 50,000 people to a committee, which will then decide whether to put it to a vote in the assembly.

However, the opposition Democratic Party, which has a majority in Parliament, is hesitant to turn the petition into an impeachment bill, according to media reports, with a spokesperson stating that the party has yet to address the topic.

The Parliament can impeach a president with a two-thirds majority. The Constitutional Court then deliberates the motion and decides whether to remove or reinstall the president.

Meanwhile, on Monday Reuters reported North Korea criticized a joint military exercise performed this month by South Korea, Japan, and the United States, according to official media, saying such drills demonstrate the three nations’ alliance has evolved into “the Asian version of NATO”.

On Thursday, the three countries began large-scale combined military drills named “Freedom Edge” featuring navy destroyers, fighter fighters, and the nuclear-powered US aircraft carrier Theodore Roosevelt, with the goal of strengthening defenses against missiles, submarines, and air strikes.

The drill was designed at a three-way meeting at Camp David last year to boost military cooperation amid concerns on the Korean peninsula caused by North Korea’s weapons testing.

Pyongyang will not overlook the strengthening of a military bloc led by the United States and its allies, and it would respond aggressively and decisively to defend regional peace, according to North Korea’s foreign ministry, as reported by KCNA.

 

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