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Southern Poverty Law Center Transfers Millions in Cash to Offshore Entities

Left-wing nonprofit pays lucrative six-figure salaries to top management.

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超富裕 HONG KONG PAYDAY, BABY!

billionare-Asia

HONG KONG—Shares in blue chip firms Cheung Kong Holdings Ltd and Hutchison Whampoa surged on Monday after Asia’s richest person, Li Ka-shing ,announced the reorganization of his empire into two new companies.

By the close of trading in Hong Kong Monday, Mr. Li and his family’s stakes in Hutchison and Cheung Kong were valued at US$19.9 billion combined, up 14.5% from US$17.4 billion Friday. Cheung Kong soared 14.7% to close at 143.2 Hong Kong dollars (US$18.47) Monday, outperforming the benchmark Hang Seng Index’s 0.5% gain, while Hutchison Whampoa jumped 12.5% to close at HK$98.35.

Mr. Li, 86 years old, said Friday the real-estate assets of Cheung Kong and Hutchison will be carved out into a new company listed in Hong Kong, to be called CK Property. Read the rest of this entry »


National Lampoon’s ObamaCare Vacation

John Podesta Associated Press

John Podesta Associated Press

State exchange chiefs skip town, while Obama hires a hit man

President Obama has responded to the ObamaCare debacle by bringing in Beltway liberal mastermind John Podesta as a senior West Wing hand, and he promptly announced his arrival by likening House Republicans to “a cult worthy of Jonestown” in an interview with Politico. The states running their own insurance exchanges are exacting more accountability for their ObamaCare failures.

Enrollment and technical dysfunctions and security breaches akin to the 36 federal exchanges continue to beset Minnesota’s operation, called MNsure. On Tuesday, April Todd-Malmlov, the exchange’s executive director since 2011, resigned under political duress.

The state’s problems are severe—4,478 have selected a plan so far—but were not severe enough to disrupt her two-week vacation in Costa Rica late last month with her partner, James Golden, who runs the state’s Medicaid program. Amid a political uproar, upon Ms. Todd-Malmlov’s return she was forced out by Democratic Governor Mark Dayton.