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Dose Of News Useful Today
Friday, June 5th

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Daily Sprinkle

“Once you replace negative thoughts with positive ones, you’ll start having positive results.”

- Willie Nelson

DOJ Airs Dirty Laundery

The DOJ filed legal action yesterday morning against Kenneth Zong, an Alaskan man accused of laundering nearly $1B for Iran via the UAE.

 

A deeper dive…
Zong is accused of falsifying documents and colluding with three Iranian citizens in a plot to launder funds from South Korea through various channels in the UAE, including the real estate and hotel industries.

  • The Financial Action Task Force - a global organization designed to combat terrorism financing and money laundering - expressed concern in April regarding the UAE’s limited number of money laundering prosecutions and convictions.
  • In particular, the UAE’s 45 different free trade zones - each with their own special tax, customs, and import regime - makes the country ripe for exploitation by drug traffickers and terror financiers who conceal illicit funds in the market.

 

Around The World
Attempts to evade U.S. sanctions have not been limited to the UAE:

  • American officials recently accused Venezuela of using illegally acquired gold to finance an oil transaction with Tehran that circumvented U.S. sanctions.
  • Last week, the DOJ unsealed an indictment against 30 North Korean and Chinese individuals accused of using more than 250 shell companies to launder over $2.5 billion for North Korea’s nuclear weapons program.

 

What’s Next?
Zong was convicted in South Korea on similar charges in 2013. His seven-year prison sentence was set to end in March, but officials say it’s likely he will remain in custody until paying a fine worth millions of dollars. Federal prosecutors are also seeking to extradite Zong to stand trial in the U.S.

 

So… what are people saying?

Sanctions in the era of pandemic

LEFT CENTER → Al Jazeera (Opinion)

Trump Should Forget Iran. America Has a Pandemic To Handle.

RIGHT CENTER → Reason (Opinion)

Trump’s sanctions are failing. Venezuela and Iran just proved it.

LEFT → The Washington Post (Opinion)

We're Ready to 'Snap Back' Sanctions

RIGHT → Wall Street Journal (Opinion)

Questions about the rating system we use?
Learn more

Share Today's Dose of Discussion

Coronavirus Updates

Global cases rose above 6.86 million yesterday, with nearly 392,000 deaths. The number of confirmed U.S. cases rose past 1.92 million, with 110,138 confirmed deaths.

 

  • COVID-19 cases increased in Texas, Oregon, and Arizona over the past week. See how your state’s coronavirus cases have changed over the previous 7-day period.
  • China will ease restrictions on additional foreign airlines in response to the U.S. blocking access to four of their carriers. The Department of Transportation is expected to revise its previous order and allow some Chinese flights to continue.
  • AstraZeneca signed a deal with the Serum Institute of India to provide 400 million COVID-19 vaccine doses for low and middle-income countries by the end of 2020 (in addition to 400 million doses for the U.S. and the UK). It plans to begin distributing the drug in September or October if clinical trials in August are successful.

Nationwide Protests

  • Black Lives Matter, in coalition with the ACLU, filed a lawsuit against the Trump Administration. The suit alleges that protestors’ constitutional rights were violated after being removed from D.C.’s Lafayette Square prior to a nearby Trump photoshoot on Monday.
  • George Floyd’s Minneapolis memorial service occurred yesterday. Here are some photos of the event.
  • Several major cities - including Los Angeles, D.C., and San Francisco - ended their nightly curfews on protests as violence subsides.

Hong Kong Criminalizes Disrespect Of Anthem

Hong Kong’s legislature passed a bill to criminalize the disrespect of China’s national anthem yesterday - the same day as the 31st anniversary of Tiananmen Square. Thousands gathered in Hong Kong to commemorate those lost in the 1989 massacre despite the vigil being banned by police days earlier.

 

More: The bill comes as China’s legislature approved - but still needs to write - a new national security law that will likely overturn the “one country, two systems” principle put in place when China assumed control of the island in 1997.


       
Even More: UK Prime Minister Boris Johnson pledged to allow almost three million Hong Kong residents to live and work in the UK if China moves forward with the national security law.

LEFT CENTER → NPR

RIGHT CENTER → WSJ (No $)

 

Protests & The Coronavirus Effect

  • 1.9 million more people filed for unemployment last week - the May jobs report (which will be released later this morning) is expected to show an unemployment rate near 20%.
  • U.S. bankruptcy courts reportedly saw a 48% year-over-year increase in filings last month. Bankrupt retailer J.C. Penney announced the list of all 154 stores it plans to close this summer - here’s a map.
  • Lego has paused advertising and social sharing for a number of different kits involving police mini-figurines, along with its adult White House set.
  • Ford is delaying plans for salaried workers to return to the office until September in order to guarantee enough PPE and time to implement proper distancing protocols for workers.

Zoom To The Top

ZoomInfo (not to be confused with Zoom Video) rose 61% in its Nasdaq debut yesterday, with shares closing at $34 after the company initially priced its IPO at $21. With more than 15,000 customers across all industries, ZoomInfo - whose technology helps corporate sales and management teams with customer outreach - was valued at ~$13.4 billion at Thursday’s close.

Outlet Pass

Facebook announced it will no longer allow state-controlled media outlets to run ads on its platforms effective this summer, as part of its efforts to prevent foreign interference in the November election. In the interim, the company will label pages and posts from state-controlled media outlets to give users more information about who owns and operates those organizations.

 

Kiss The Cook

As a money-conscious entrepreneur, Chris Kyle was hesitant to spend hundreds of dollars on a new toy kitchen set for his 18-month-old daughter, Ava. When she invited Chris to her pretend restaurant, eager to use the new cookware, he made sure to let her – and the Internet – know that he expected to get his money’s worth out of his investment.

 

Taking to Instagram, Chris wrote a hilariously honest review of his experience at his daughter’s establishment, teasing the toddler – who took a break from play-cooking to watch television – for her slow customer service. Ava’s father ultimately conceded that the wait he endured was worth it because the young chef was so adorable.

The Show Must Go On…line

With all of her concerts and gigs canceled for the foreseeable future due to the pandemic, virtuoso cellist Samara Ginsberg found herself with an abundance of time on her hands. The London-based musician and composer decided to use the shutdown to complete a project that she had been planning for years.

 

Stringing together recordings of herself playing eight different musical parts, Samara created cello covers of her favorite pop culture tunes. Beginning with theme songs from beloved ‘80s television series such as Inspector Gadget and Knight Rider, Samara also produced a cover of “The Imperial March” from Star Wars, which she completed while wearing a Darth Vader mask.

The Prodigal Mom

When the pandemic began, nurse Suzanne Vaughan offered to extend her work hours at England’s Queen Elizabeth hospital to 50 a week, a substantial increase from her usual 28. Making the difficult decision to temporarily put work before family, the single mother had no idea that the commitment would keep her away from her two young daughters for more than two months.

 

After nine weeks of draining double shifts in the ICU, Suzanne returned home to daughters Bella and Hettie, ages 9 and 7. The children were sitting on a sofa at their aunt’s house when their mother snuck up behind them and surprised the two with a long-awaited family hug (video).

 
  • 💰 The Path To The Dark Side… a retired University of Miami professor - and noted expert on crime in Latin America - pleaded guilty to laundering money for a Columbian businessman with ties to Venezuelan President Nicoláas Maduro.

  • 🤖 Raising The Bar… in recent months, robo-bartenders have spread across South Korea’s cafes and bars as the country transitions towards what the government calls “distancing in daily life.”

  • 💉 A Shot In The Arm... Gavi - a global vaccine alliance backed by the Bill & Melinda Gates Foundation - raised $8.8 billion yesterday to immunize 300 million children in the world’s poorest countries by 2025.

 

Mr. Hiccup

The longest-ever bout of hiccuping is recorded at ___?

 

A) 9 years
B) 3 months
C) 68 years
D) 22 years

(keep scrolling for the answer)

 

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Dose of Knowledge Answer

C) 68 years


Charles Osborne (1894-1991) of Anthon, Iowa started hiccuping in 1922 while attempting to weigh a hog. He continued hiccuping for the next 68 years - at first roughly 40 times a minute, then later slowing down to 20 times a minute.

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