End Citizens United Begins to Raise Awareness for Johnson Amendment

Over the past year and a half the United States of America has seen its institutions at the federal level attacked by the reckless leadership of President Donald Trump. Donald Trump’s most recent target has been the Johnson Amendment which was established by two great political leaders back in 1954, Lyndon B Johnson and Dwight Eisenhower. The Johnson Amendment was a bipartisan effort to continue separating matters of religion from matters of the state. Since 1954 the amendment has been one of the cornerstones of our country, giving religious services a tax-exempt status in exchange for their parting from political partisanship. Now, Trump is setting his sights on attacking the amendment and groups like End Citizens United are being relied upon to fight back.

End Citizens United has been trying to make their name a reality for several years now. The name End Citizens United is based off of the 2010 Supreme Court case revolving around the propaganda arm of the GOP, Citizens United. Citizens United inexplicably and successfully argued before the Supreme Court in order to allow more dark money and lobbyists in to the government. These lobbyists, billionaires and millionaires alike, have fundamentally broken the United States government. The Johnson Amendment is actually a law that helps to keep at least a portion of these same lobbyists at bay by keeping religious services from funneling money into Washington D.C. By attacking the Johnson Amendment, Trump is continuing the conservative tradition of handing over the country to the billionaires and millionaires in the elite class. End Citizens United has obviously taken umbridge with this angle and has been dedicated to fighting against it with all that they have.

Donald Trump first set his sights on dismantling the Johnson Amendment back in May of 2017 when he signed an executive order urging the IRS to avoid prosecuting churches who broke the law. This EO is not legally binding and as such the IRS is under no obligation to comply. However, the mere signing of the executive order by Donald Trump shows a fundamental lack of understanding of the words ‘law and order’. The Johnson Amendment enjoyed bipartisan support for decades until far right groups began to systematically attack and dismantle it. In fact,nearly 34% of respondents to a Pew Research Center poll in 2017 said that they wanted to include religion in their politics. However, these respondents likely don’t realize just how dramatic of an impact this lobbying would have on the highest tiers of the United States government.

End Citizens United opposes repealing the Johnson Amendment for the simple reason that it gives away even more power to those with the most money. End Citizens United believes in fighting for the little people and has thus initiated a grassroots campaign aimed at raising awareness about the situation. Learn more:https://www.crunchbase.com/organization/end-citizens-united

itisthelaw

Luiz Carlos Trabuco’s Bumpy Ride As CEO Was Largely A Product Of Circumstance

Prior to his phenomenal coup de grace, the acquisition of HSBC Brazil, against arch rival Itau Unibanco, long-time Bradesco CEO Luiz Carlos Trabuco had fallen out of favor with both shareholders and the business press, as the firm lost ground to its competitors and the stock price slid to just 20 percent of its all time highs. But the poor performance of the early period in Trabuco’s rein was largely not of his making.

The CEO had inherited a bank that had maxed out its potential under its current structure. There was also the larger macroeconomic picture that he was forced to contend with. Brazil was in the grips of one of the worst recessions in its history, a fact that did nothing to help a major player in the banking sector.

A troublesome inheritance

Taking the reins from his predecessor, Mario Cypriano, in 2009, Luiz Carlos Trabuco seemed to ascend to the highest office at Grupo Bradesco just at the right time. The veteran banker took over at a time when the company’s stock was breaking record highs almost daily. Under Cypriano alone, the company had increased its market capitalization by more than 100 fold, an incredible feat that took less than ten years.

But as many analysts now freely acknowledge, everything was not as good as it seemed. As Trabuco took over, Brazil was just beginning to feel the terrible effects of the 2008 Brazilian economic downturn. The international ripples of the 2008 financial crises would ultimately be felt in Brazil more forcefully than just about any other country on Earth. In fact, by 2017, Brazil has still not completely recovered from the economic woes that started with the collapse of the U.S. housing market. This broad downturn in the economy was particularly bad for the banking sector, which has been traditionally quite sensitive to disruptions in the larger economy.

Read more on Next Bradesco president to leave the bank’s board of directors, Says Trabuco

In addition to the macroeconomic problems that Trabuco was facing when he took office, shortly after he became CEO, arch rival banks Banco Itau and Unibanco merged. This instantly knocked Bradesco, which had been the number-one bank in Brazil under a number of measures, bank to a distant second place. While this would be bad news for any leading company in any industry, in a commodity industry like banking, it becomes highly problematic, especially where there is weak regulation and anti-monopoly controls.

Itau Unibanco, the newly formed merged entity, immediately began using its economies of scale and its market position to undercut Bradesco. The rival bank was able to start making serious incursions into Bradesco’s market strongholds, sending the stock price steadily lower. By the end of 2014, Bradesco’s stock had lost nearly 80 percent of its value. Investors were growing impatient with Trabuco and his overall strategic vision. There were rumors that his ouster was in the making.

But then, in 2015, Trabuco as president pulled off one of the biggest coups in the history of Brazilian finance. When HSBC, the second largest global banking conglomerate, began putting word out that it was seeking to dump all of its Brazilian assets, Trabuco moved quickly and certainly. How Trabuco pulled the deal off is anyone’s guess. But many insiders say that Trabuco pulled no punches in getting it done.

As observers watched stunned from the sidelines, Trabuco was able to raise the capital for the $5.2 billion deal, pulling off the largest acquisition in Brazilian history, right under the nose of Itau Unibanco. The latter was never even in serious contention to make a bid for HSBC Brazil’s assets.

Most believe that Trabuco alone was the only one who could have gotten such a deal done.

Learn more about Luiz Carlos Trabuco: https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml

itisthelaw

Hussain Sajwani the Real Estate Developer of DAMAC Properties

Hussain Sajwani is a billionaire and a developer of DAMAC Properties. Sajwani started with food business in 1980 delivering catering services to energy regions in Abu Dhabi. Even though he got contracts from the US army, the food business was small with little margin because as he says he wanted to make billions while all the business was offering is millions. DAMAC Group still operates food business that serves as a reminder of Sajwani former business expertise and his capability to cultivate important associates in the high places on a global scale. Learn more: http://www.hussainsajwani.com/

 

He founded the real estate company in 2002 taking advantage when the Dubai government allowed foreigners to possess properties in the Emirates. Hussain purchased undeveloped part in town. He marketed his development aggressively with a key plan of selling. He succeeded in selling 38 story units of his residential building in not more than six months before starting constructions.

 

From then Hussain Sajwani family started to help make Dubai image shine as an impressive destination. In the beginning of 2013, Donald Trump teamed up with DAMAC to develop two Trump-branded golf sequences. In February 2017 Trump International Golf Curse Dubai was opened at DAMAC’s Akoya housing development. In the end of 2018 Trump World Course is intended to be opened being designed by Tiger Woods and is scheduled to be opened at a separate DAMAC development.

 

DAMAC owner has continuously supported the philanthropies efforts of Sheikh Mohammed to advance the lives of others mostly throughout the Blessed month of Ramadan. The UAE Red Crescent manager Mohammed Abdullah Zaroni said that they have been overwhelmed by the kindness of everyone and the money they received will be used to change the lives of children in the world and that Mr. Hussain Sajwani made a huge contribution to that goal. The donation given by DAMAC properties provides warmth and clothing to more than 55,000 children who are in need. Learn more: https://www.facebook.com/HussainSajwaniOfficial/

 

DAMAC properties has accomplished to build 8,890 units covering 9,070,264 sq. ft. and further 19,136 units at several stages of development across Middle East area spanning 23,816,070 sq. ft. In 2011 DEMAC properties launched the largest Hotel Apartment developer and operator in the world.

itisthelaw