logo
CEOs, Trump to Tout Child Investment Accounts in GOP Tax Bill

CEOs, Trump to Tout Child Investment Accounts in GOP Tax Bill

Bloomberg4 hours ago

President Donald Trump plans to gather corporate leaders at the White House Monday to highlight a provision in his tax bill that would deposit $1,000 into an investment account for babies born in the next few years, officials said Monday.
Several corporate executives are expected to attend the White House meeting, including: David Solomon of Goldman Sachs Group Inc., Michael Dell of Dell Technologies Inc., Brad Gerstner of Altimeter Capital /Invest America, Rene Haas, of ARM Corp., Parker Harris, of Salesforce Inc., William McDermott of ServiceNow Inc., Dara Khosrowshahi of Uber Technologies Inc., and Vladimir Tenev of Robinhood Markets Inc.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

University of Michigan drops private security group accused of surveilling pro-Palestinian students
University of Michigan drops private security group accused of surveilling pro-Palestinian students

CBS News

time4 minutes ago

  • CBS News

University of Michigan drops private security group accused of surveilling pro-Palestinian students

The University of Michigan is dropping a private security company accused of surveilling students who participated in pro-Palestinian protests on campus. Students claimed that undercover surveillance occurred over the past year. Last week, CBS News Detroit spoke with a student who shot video of one of the alleged undercover investigators, whom he claimed the Ann Arbor school contracted through an agreement with Detroit-based City Shield Security Services. Michigan senior Josiah Walker believes he was followed by undercover security because he protested the war in Gaza. Walker claims he repeatedly observed the same people and vehicles following and ultimately turned the camera around on a man, who in their first interaction in July 2024, allegedly claimed to have a disability. In their second interaction two weeks later, the man claimed Walker was attempting to rob him. In a statement on Sunday, U of M Interim President Domenico Grasso said the university was terminating all contracts with outside vendors to provide plainclothes security. "We recently learned that an employee of one of our security contractors has acted in ways that go against our values and directives. What happened was disturbing, unacceptable, and unethical, and we will not tolerate it," Grasso said. "Going forward, we are terminating all contracts with external vendors to provide plainclothes security on campus." Grasso said the outside security firm was hired to "help us keep watch over our campus and enable us to respond quickly to emergencies." Grasso went on to say, "However, we are clear: no individual or group should ever be targeted for their beliefs or affiliations." Public records show the university spent hundreds of thousands of dollars on City Shield services between June 2024 and September 2024. A university official told CBS News Detroit that much of the money spent went towards 24/7 security for university employees who've been subject to alleged hate crimes at their homes, offices and businesses that pro-Palestinian groups claimed responsibility for. Officials said that money also went towards hiring security for events and gatherings on campus. Grasso urges anyone who witnesses or experiences inappropriate behavior by a school employee or contractor to contact university police or the school's Equity, Civil Rights and Title IX Office. Meanwhile, the Michigan chapter of the Council on American-Islamic Relations is calling for an independent investigation into the alleged undercover surveillance. "This reported attempt by the University of Michigan to chill the free speech of anti-genocide groups through secret surveillance and alleged harassment must be investigated in an independent and transparent manner," said CAIR-MI Executive Director Dawud Walid in a statement. "Academic officials would never allow this type of outrageous behavior if those targeted were members of any other groups speaking out against genocide and for human rights." In May 2024, the university broke up a pro-Palestinian encampment on campus, and several protesters were charged with trespassing. In May 2025, Michigan Attorney General Dana Nessel dropped charges against several protesters, including Walker, who faced two trespassing charges. contributed to this report.

How unusual is it for the National Guard to come to LA? Here's what to know about the city's history
How unusual is it for the National Guard to come to LA? Here's what to know about the city's history

Associated Press

time5 minutes ago

  • Associated Press

How unusual is it for the National Guard to come to LA? Here's what to know about the city's history

President Donald Trump's deployment of the National Guard to Los Angeles in response to immigration protests is the latest in a long history of U.S. elected officials sending troops in hopes of thwarting unrest connected to civil rights protests. National Guard troops are typically deployed for a variety of emergencies and natural disasters with the permission of governors in responding states, but Trump, a Republican, sent about 1,000 California National Guard troops to Los Angeles despite the objections of California Gov. Gavin Newsom and Los Angeles Mayor Karen Bass, both Democrats. Confrontations began Friday when dozens of protesters gathered outside a federal detention center demanding the release of more than 40 people arrested by federal immigration authorities across Los Angeles, as part of Trump's mass deportation campaign. Trump said that federalizing the troops on Saturday was necessary to 'address the lawlessness' in California. Newsom said Trump's recent decision was 'purposely inflammatory and will only escalate tensions.' Some of the previous National Guard deployments have preserved peace amid violent crackdowns from local law enforcement or threats from vigilantes, but sometimes they have intensified tensions among people who were protesting for civil rights or racial equality. On rare occasion, presidents have invoked an 18th-century wartime law called the Insurrection Act, which is the main legal mechanism that a president can use to activate the military or National Guard during times of rebellion or unrest. Other times they relied on a similar federal law that allows the president to federalize National Guard troops under certain circumstances, which is what Trump did on Saturday. Here is a look at some of the most notable deployments: George Floyd protests in Los Angeles in 2020 Almost five years ago, Newsom deployed approximately 8,000 National Guard troops to quell protests over racial injustice inspired by the death of George Floyd in Minnesota. Well over half of the troops deployed in California were sent to Los Angeles County, where police arrested more than 3,000 people. City officials at the time, including then-Los Angeles Mayor Eric Garcetti, supported Newsom's decision. Rodney King protests in 1992 Some have compared Trump's decision on Saturday to George H.W. Bush's use of the Insurrection Act to respond to riots in Los Angeles in 1992, after the acquittal of white police officers who were videotaped beating Black motorist Rodney King. In just six days the protests became one of the deadliest race riots in American history, with 63 people dying, nine of whom were killed by police. Syreeta Danley, a teacher from South Central Los Angeles, said she vividly remembers as a teen seeing black smoke from her porch during the 1992 uprisings. Danley said that at the time it seemed like law enforcement cared more about property damage affecting wealthier neighborhoods than the misconduct that precipitated the unrest. She said some people in her neighborhood were still more afraid of the police than the National Guard because once the troops left, local police 'had the green light to continue brutalizing people.' The National Guard can enforce curfews like they did in 1992, but that won't stop people from showing up to protest, Danley said. 'I have lived long enough to know that people will push back, and I'm here for it,' Danley said. Watts protests in 1965 There were deadly protests in the Watts neighborhood of Los Angeles in 1965 in response to pent-up anger over an abusive police force and lack of resources for the community. Over 30 people were killed — two-thirds of whom were shot by police or National Guard troops. Many say the neighborhood has never fully recovered from fires that leveled hundreds of buildings. Integration protests in the 1950-1960s In 1956, the governor of Tennessee called the state's troops to help enforce integration in Clinton, Tennessee, after white supremacists violently resisted federal orders to desegregate. President Dwight Eisenhower called the Arkansas National Guard and the 101st Airborne Division of the U.S. Army in 1957 to escort nine Black students as they integrated a previously white-only school. A few years later, the Maryland National Guard remained in the small town of Cambridge for two years after Maryland's Democratic Gov. J Millard Tawes in 1963 called in troops to mediate violent clashes between white mobs and Black protesters demanding desegregation. Selma, Alabama, voting rights protest in 1965 National Guard troops played a pivotal role in the march often credited with pressuring the passage of Voting Rights Act of 1965, when nonviolent protesters — including the late congressman John Lewis — calling for the right to vote were brutally assaulted by Alabama State Troopers in Selma, Alabama, in 1965. Two weeks later, then-President Lyndon B. Johnson sent National Guard troops to escort thousands of protesters along the 50-mile (81-kilometer) march to the state Capitol. Johnson's decision was at odds with then-Gov. George Wallace who staunchly supported segregation. ___ Riddle is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Oklahoma prosecutors seek retrial of longtime death row inmate Richard Glossip after conviction tossed
Oklahoma prosecutors seek retrial of longtime death row inmate Richard Glossip after conviction tossed

CNN

time8 minutes ago

  • CNN

Oklahoma prosecutors seek retrial of longtime death row inmate Richard Glossip after conviction tossed

Supreme CourtFacebookTweetLink Follow Oklahoma prosecutors will retry longtime death row inmate Richard Glossip a third time for his role in the 1997 killing of his former boss, Attorney General Gentner Drummond said Monday. The decision comes after the US Supreme Court in February tossed Glossip's conviction and death sentence. The court determined the original prosecutors in the case allowed a key witness to give testimony they knew to be false, violating Glossip's constitutional right to a fair trial. Glossip, who had long maintained his innocence, was twice convicted and sentenced to death for the killing of Oklahoma City motel owner Barry Van Treese in what prosecutors alleged was a murder-for-hire killing. Another man, Justin Sneed, admitted robbing Van Treese and beating him to death with a baseball bat, but testified that he did so after Glossip promised to pay him $10,000. Sneed was the state's key witness against Glossip and was sentenced to life in prison. After the Supreme Court's decision, Drummond, acknowledged retrying the case more than 25 years later would be difficult. Drummond had taken the unusual step of asking the court to overturn Glossip's conviction, arguing that while he believed Glossip had a role in the killing, he did not believe he had received a fair trial. 'I do not believe Richard Glossip is innocent,' Drummond said after the high court's ruling. 'The mission of this office is to seek justice, not to defend the prosecution.' Justice Sonia Sotomayor, who wrote for five of the high court's justices, said additional prosecutorial misconduct, including interfering with Sneed's testimony, destroying evidence and withholding witness statements, further undermined confidence in the verdict. During his time on death row, courts in Oklahoma set nine different execution dates for Glossip, and he came so close to being put to death that he had three separate last meals. In 2015, he was being held in a cell next to Oklahoma's execution chamber, waiting to be strapped to a gurney and injected with drugs that would kill him. But the scheduled time for his execution came and went. And behind the walls of the Oklahoma State Penitentiary, prison officials were scrambling after learning one of the lethal drugs they received to carry out the procedure didn't match the execution protocols. The drug mix-up ultimately led to a nearly seven-year moratorium on executions in Oklahoma. This is a developing story and will be updated.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store