Interior Secretary Ryan Zinke Held Onto Undisclosed Shares In Gun Company:

Interior Secretary Ryan Zinke Held Onto Undisclosed Shares In Gun Company:

It’s unclear exactly how much Zinke’s shares in PROOF Research Inc. are worth, but his relationship to the Montana company raises questions of access.

Interior Secretary Ryan Zinke is a shareholder in a private Montana company that manufactures and sells firearms and advanced weapons materials, a financial interest he did not disclose when nominated last year.

 

In response to inquiries from HuffPost, both Zinke and the company, PROOF Research Inc., confirmed the secretary’s holdings, though the dollar value placed on them varied. This previously undisclosed holding comes to light after numerous decisions in his first year in office that benefited the hunting and gun industries.

 

PROOF Research Inc. was first established in 2011 in Zinke’s hometown of Whitefish, Montana, under the name Extreme Precision Armaments Inc., according to state of Montana business records. The company specializes in the production of lightweight rifles with high-precision carbon fiber barrels for hunting and military applications and was born as a merger of four smaller firearms and gun parts companies. It later changed its name to PROOF Research Inc. and moved to the nearby town of Columbia Falls.

 

According to the company’s website, its facility in Columbia Falls produces “the world’s finest composite barrels, stocks, and complete rifles.” A second facility in Dayton, Ohio, makes specialized high-temperature composite materials for the aerospace and defense industries, including components for the F-35 Joint Strike Fighter and B-2 stealth bomber.

Zinke provided consulting services for the company in 2012, according to local Montana news reports and a disclosure he filed as a candidate for the U.S. House of Representatives two years later listing $16,975 in compensation. After winning a House seat in November 2014, Zinke told a local newspaper that he planned to retain a small stake in PROOF Research “because it’s a great company.”

 

Both Michael Goguen, the main investor in PROOF Research, and Larry Murphy, the company’s CEO, confirmed to HuffPost that Zinke still owns a small percentage of the company’s stock ― 1,000 shares out of nearly 57 million.

But beyond the disclosure concerns, there is the matter of what access this relationship may grant the company at the Department of Interior.

Presidential nominees for Cabinet positions must disclose all assets worth $1,000 or more on their executive branch financial disclosure report under the category “other assets and income.” A review of Zinke’s disclosure submitted to the Office of Government Ethics (OGE) in January 2017 and certified by then-head of the OGE, Walter Schaub, found that Zinke did not disclose an interest in PROOF Research. His annual congressional financial disclosures from 2015 and 2016 also did not list stock in the company.

 

Because PROOF Research is a private company, pinpointing a definitive market value for its stock is somewhat tricky. Goguen, a wealthy former Silicon Valley venture capitalist who has invested large sums of money in Whitefish-area companies and philanthropic causes, told HuffPost that as the company’s primary shareholder, he estimates Zinke’s 1000 shares as “worth less than $2,000, and probably closer to $1,000.” Murphy said in a phone interview that he estimates the value of Zinke’s shares at “around $1,000.” Goguen later backtracked somewhat on his estimation, qualifying that a previous audit of the company valued one share at $0.85, which would put the value of Zinke’s shares at $850.

Interior Department spokeswoman Heather Swift said that Zinke’s shares would be valued as less than $1,000 ― ”far below the reporting thresholds for the executive branch.”

 

“The Secretary is committed to the highest ethical standards and his first meeting as secretary was with the Department’s senior ethics officers,” Swift said via email, adding that Zinke owns 1,000 shares out of 57 million. According to Swift, the “last two purchases of the shares were at valuations of 25 cents per share and 40 cents per share, which would put their fair market valuation between $250 and $400.”

But beyond the disclosure concerns, there is the matter of what access this relationship may grant the company at the Department of Interior. According to Zinke’s work calendar, he and his top aides met with a group of PROOF Research executives and a company lobbyist on April 11, 2017. The schedule entry was titled, “Brief Update of Proof Research.”

 

The company’s delegation included its president and founder K.K. Jense, CEO Larry Murphy, director of research and development John Clements, and Brian Kelly of BK Strategies, the company’s registered lobbyist in Washington, D.C. The calendar described Kelly as “Man About Town,” with an added side note: “Loves Whitefish, MT.” Proof Research’s most recent business filings with the state of Montana show that Kelly is also a director of the company.

Murphy told HuffPost in an email that the company periodically seeks out meetings with various public officials to discuss matters of interest to the company, adding that “[w]e don’t generally comment on the substance of those discussions.” In a follow-up phone conversation, Murphy explained that the company met with Zinke last year mainly because of the “Montana connection,” in an attempt to determine “whether the Secretary knew of any needs in the government for the company’s products.”

Murphy said that during the meeting Zinke primarily listened to company’s executives and requested an update on its operations. The company’s top executives visit Washington annually for trade shows, he said, and their D.C. representative will try to organize meetings with public officials while they are in town.

 

Federal lobbying disclosures show that Kelly has lobbied the U.S. House of Representatives and the Department of Defense on behalf of the company since 2015, on issues including “defense appropriations and authorizations” and “carbon fiber barrels.” PROOF Research has received at least one government contract in the last year ― $11.4 million from the Department of Defense to develop advanced hybrid-composite muzzle brakes and medium-caliber barrels for future weapon systems.

 

Interior spokeswoman Swift did not respond to questions about Zinke’s meeting with PROOF Research executives and its lobbyist.

Virginia Canter, executive branch ethics counsel at the government watchdog Citizens for Responsibility and Ethics in Washington (CREW) and former White House associate counsel for Presidents Bill Clinton and Barack Obama, said the case raises several red flags.

 

“Zinke is required to report assets such as private company stocks with a fair market value of over $1,000,” said Canter. “And the fact that he met with company executives is troubling since by law he’s required to recuse himself from participating in particular matters that would directly and predictably affect the company. “

 

In addition to his financial interests, Zinke has connections to the company in other ways. He was involved in the 2011 founding of the Montana Firearms Institute, a nonprofit advocacy group to promote the manufacturing of guns in the state, and served as a director of the institute from 2012 until he became Secretary of the Interior last year. A local newspaper reported in November 2012 that PROOF Research’s president Jense was also involved in establishing the group, and it was PROOF Research’s marketing manager, Chris Polley, who replaced Zinke on the board of directors, state business records show. (While the institute held annual meetings and banquets in its first two years of existence, it does not seem to have been very active since then, and does not have a website or social media presence.)

 

The fact that he met with company executives is troubling since by law he’s required to recuse himself from participating in particular matters that would directly and predictably affect the company.Virginia Canter, executive branch ethics counsel at Citizens for Responsibility and Ethics in Washington

PROOF Research’s corporate leadership is well connected beyond its relationship with Zinke. Goguen, its top investor, was a partner in the venture capital firm Sequoia Capital until two years ago, when he departed following a breach of contract lawsuit from a woman who alleged he had subjected her to years of sexual and emotional abuse. (Goguen denied the allegations of abuse, countersued, and the sides are still dueling in court.)

 

The board chair of PROOF Research is Matt Marshall, the CEO of Amyntor, a Whitefish-based security company that reportedly approached the Trump administration with a proposal to privatize various sensitive counterterrorism and intelligence operations. Goguen told HuffPost he was an early investor in Amyntor, which also provided security to his estate in Whitefish.

 

Another company director is retired Lt. Gen. Frank Kearney III, a former deputy director for strategic operational planning at the National Counterterrorism Center and current member of the advisory board of TigerSwan, a controversial security company that employed military-style counterterrorism measures to thwart opposition to the Dakota Access Pipeline.

 

While PROOF Research has not formally lobbied the Interior Department, under Zinke the department has taken substantial action on several fronts to advance the interests of the hunting and firearms industries. On his first day in office, Zinke signed two secretarial orders: one lifting the ban on the use of lead ammunition on Fish and Wildlife Service land and waters, and the other for reviewing how to expand access for hunters on public lands.

 

In August, McClatchy reported that Interior officials had appeared to muzzle National Park Service Acting Director Michael Reynolds’ objections to several provisions in National Rifle Association-backed legislation that would loosen regulations on hunting within park boundaries.

 

Zinke later announced a proposal to expand hunting opportunities at 10 national wildlife refuges, and appointed Susan LaPierre, the wife of NRA CEO and executive vice president Wayne LaPierre, to the board of directors of the National Parks Foundation, which receives and administers gifts and real estate bestowed to the National Park Service. These moves prompted the NRA to declare that it has a “friend at the Department of Interior” in Zinke.

 

In September, Zinke announced that the Bureau of Land Management (BLM) would increase access for hunters in the Santa Teresa Wilderness area in Arizona. And in November, the Interior Department announced it would allow trophy hunters to import to the U.S. elephant remnants hunted in Africa. After major public outcry, President Trump announced he was putting that decision ”on hold″ pending further review.

 

These decisions raise questions over the appropriateness of Zinke’s continued interest in PROOF Research.

 

“To the extent he’s made decisions to expand hunting and gun-carrying on public lands, he has further raised the potential for a conflict of interest since these decisions may affect the company’s fortunes,” said CREW’s Canter.

By Itai Vardi

1/22/2018

This story has been updated to clarify Swift’s comments on Zinke’s shares.

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FBI director threatened to resign amid Trump, Sessions pressure:

FBI director threatened to resign amid Trump, Sessions pressure:

Attorney General Jeff Sessions — at the public urging of President Donald Trump — has been pressuring FBI Director Christopher Wray to fire Deputy Director Andrew McCabe, but Wray threatened to resign if McCabe was removed, according to three sources with direct knowledge.

  • Wray’s resignation under those circumstances would have created a media firestorm. The White House — understandably gun-shy after the Comey debacle — didn’t want that scene, so McCabe remains.
  • Sessions told White House Counsel Don McGahn about how upset Wray was about the pressure on him to fire McCabe, and McGahn told Sessions this issue wasn’t worth losing the FBI Director over, according to a source familiar with the situation.
  • Why it matters: Trump started his presidency by pressuring one FBI Director (before canning him), and then began pressuring another (this time wanting his deputy canned). This much meddling with the FBI for this long is not normal.

McGahn has been informed about these ongoing conversations, though he has not spoken with Wray about FBI personnel, according to an administration source briefed on the situation. Trump nominated Wray, previously an assistant attorney general under George W. Bush, last June to replace James Comey as director.

Trump has also tweeted negatively about other senior FBI officials who are allies of Comey, including the former top FBI lawyer James A. Baker who was recently “reassigned” after pressure from Sessions.

White House Principal Deputy Press Secretary Raj Shah said of Wray: “As we’ve said, the president has enormous respect for the thousands of rank and file FBI agents who make up the world’s most professional and talented law enforcement agency. He believes politically-motivated senior leaders including former Director Comey and others he empowered have tainted the agency’s reputation for unbiased pursuit of justice. The president appointed Chris Wray because he is a man of true character and integrity and the right choice to clean up the misconduct at the highest levels of the FBI and give the rank and file confidence in their leadership.”

As I reported last night, Sessions has adamantly urged Wray to make a “fresh start” with his core team.

Trump and other Republicans have been hammering McCabe — who was selected by the White House as acting director after the Comey firing — for months on Twitter.

  • On July 26, Trump tweeted: “Why didn’t A.G. Sessions replace Acting FBI Director Andrew McCabe, a Comey friend who was in charge of Clinton investigation but got…big dollars ($700,000) for his wife’s political run from Hillary Clinton and her representatives. Drain the Swamp!”

The latest: The New York Times — and others — reported in December that McCabe “is expected to retire after he becomes eligible for his pension [in] early [2018].” But senior Justice officials are still not sure what McCabe plans to do.

The FBI declined to comment for this story. Justice Department spokeswoman Sarah Isgur Flores also declined to comment.

Trump Slaps Tariffs On Imported Solar Panels And Washing Machines:

Trump Slaps Tariffs On Imported Solar Panels And Washing Machines:

Pledging to defend American businesses and workers, President Trump imposed tariffs on imported solar panel components and large residential washing machines on Monday.

In a statement, U.S. Trade Representative Robert Lighthizer said that, after consulting with the interagency Trade Policy Committee and the bipartisan U.S. International Trade Commission, the president decided that “increased foreign imports of washers and solar cells and modules are a substantial cause of serious injury to domestic manufacturers.”

The administration approved tariffs of 20 percent on the first 1.2 million washers and 50 percent of all subsequent imported washers in the following two years.

A 30 percent tariff will be imposed on solar panel components, with the rate declining over four years.

The move against imported solar components splits the solar panel industry with manufacturers favoring the tariffs as a necessary step to save domestic subsidiary companies, while installers oppose them as job-killers.

Two domestic manufacturers, Georgia-based Suniva and Oregon-based Solar-World, who have complained about competing with cheaper panels produced in Asia, stand to benefit from the tariffs. According to Bloomberg, Suniva has a Chinese majority owner and Solar-World is a unit of the German manufacturer SolarWorld AG.

As NPR’s Jeff Brady reported:

“SolarWorld laid off much of its workforce and Suniva was forced into bankruptcy, even as U.S. solar panel installations grew dramatically in recent years. That growth was largely attributed to the cheaper panels from overseas.

Solar panel prices have fallen by more than 70 percent since 2010, according to the Solar Energy Industries Association. For many homeowners installing solar panels has become more affordable, but now the industry’s main trade group worries that if prices go up the installation boom could come to a halt.”

The CEO and President of SolarWorld Americas Inc., Juergen Stein, praised the administration’s action in a statement:

“SolarWorld Americas appreciates the hard work of President Trump, the U.S. Trade Representative, and this administration in reaching today’s decision, and the President’s recognition of the importance of solar manufacturing to America’s economic and national security. We are still reviewing these remedies, and are hopeful they will be enough to address the import surge and to rebuild solar manufacturing in the United States.”

But representatives for the sector of the industry that actually installs solar panels criticized the move, saying that making imported solar components more costly will likely dampen demand for solar panels.

The President and CEO of the Solar Energy Industries Association, Abigail Ross Hopper, predicted the tariffs lead to the loss of roughly 23,000 American jobs this year.

“While tariffs in this case will not create adequate cell or module manufacturing to meet U.S. demand, or keep foreign-owned Suniva and SolarWorld afloat, they will create a crisis in a part of our economy that has been thriving, which will ultimately cost tens of thousands of hard-working, blue-collar Americans their jobs.”

BY: 

January 22, 20189:18 PM ET

More People Should Take Her Advice And Suffer In Silence And Not Inflict Themselves On The Rest Of The World:

More People Should Take Her Advice And Suffer In Silence And Not Inflict Themselves On The Rest Of The World:

Happy Feast Day Blessed Laura Vicuna

laurav

1891-1904
Feast day: January 22
Patronage: Abuse victims, Argentina, incest victims, loss of parents, martyrs

Blessed Laura Vicuna was the first born to a noble, Chilean, military family. Her father died young, leaving the family alone and without income, so her mother took work at a large estate and unfortunately became the owner’s mistress. Yet, Laura and her sister were able to attend the Salesians Sister’s school. Here she fell in love with Jesus and secretly promised her life to God for her mother’s salvation. In 1904, with her mother at her side, she revealed “Mamma, I’m dying but I’m happy to offer my life for you. I asked our Lord for this.” Her mother instantly understood, repented of her sins and begged forgiveness.