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Elon Musk Toys With Taking Over Silicon Valley Bank

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Elon Musk Toys With Taking Over Silicon Valley Bank

Elon Musk said late Friday that he was “open to the idea” of buying Silicon Valley Bank after it failed, but at least one Tesla investor was skeptical. “I believe Twitter should acquire SVB and become a digital bank,” said Min-Liang Tan, cofounder and CEO of Razer, which sells gaming computers.

Musk responded briefly, “I’m open to the idea,” without providing further context.

One Twitter user-supported Musk’s idea, writing: “what an opportunity,” but another called Sanjay responded: “And sell another $20 billion worth of $Tesla stock. No, thank you!”

Sanjay’s Twitter bio says he is a “Tesla customer and investor, bull and Elon fan.” The insider could not confirm whether or not the user was a shareholder or the size of his holding.

Musk sold several Tesla shares last year to help finance his Twitter acquisition, which helped to depress the stock price. The CEO sold $8.5 billion in stock in April, $6.9 billion in August, $3.95 billion in November, and $3.6 billion in December, for nearly $23 billion.

Silicon Valley Bank was closed down by US regulators on Friday after a run on deposits, according to Insider’s Sindhu Sundar. Startup founders began withdrawing funds on Thursday, alarmed by the bank’s falling stock price after a capital raise announced on Wednesday night.

The bank is now being handled by receivers, which could delay access to deposits for an extended period. Some hope a buyer will come forward this weekend to avoid this situation.

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Elon Musk Doubled Down on Jan. 6, 2021

Meanwhile, Elon Musk expressed sympathy for the Capitol rioter dubbed the “QAnon Shaman” on Friday in the billionaire’s latest attempt to minimize the deadly events of January 6, 2021. “Free Jacob Chansley,” Musk tweeted to his 130 million followers, implying that the rioter’s sentence was excessive.

On Jan. 6, Chansley raided the United States Capitol bare-chested, wearing a furry Viking-style hat and face paint and carrying an American flag zip-tied to a spear.

Chansley received 41 months in prison, or just under three and a half years, for making threats and disrupting Congress as its members attempted to certify the results of the 2020 election.

He is one of 1,000 people detained for their roles in the attack on the Capitol and the law enforcement officers who defended it. Over 300 people have been charged with assaulting or restraining officers or employees.

However, Elon Musk has recently begun to promote the false notion, promoted by House Speaker Kevin McCarthy (R-Calif.), Fox News host Tucker Carlson, and other conservatives, that the Capitol attack was mostly peaceful.

Carlson used selectively edited footage in a segment last week criticized by U.S. Capitol Police Chief Tom Manger, among others, to make the breach appear far tamer than it was. Musk repeatedly promoted the segment on his Twitter page with credulous commentary.

Musk responded on Friday to a video clip showing Chansley using a bullhorn to read a tweet sent by former President Donald Trump around 3:15 p.m. on Jan. 6. “Respect the Law and our great men and women in Blue,” Trump wrote, which Chansley read aloud.

This, along with other footage showing Chansley walking alongside law enforcement through the halls of the Capitol, appeared to clear him in Musk’s mind.

“Chansley got four years in prison for a nonviolent, police-escorted tour!” the Twitter and Tesla CEO exclaimed. (The sentence was only four years.) Musk claimed in another tweet that Chansley “was falsely portrayed in the media as a violent criminal who tried to overthrow the state and urged others to commit violence.”

“I’m not a MAGA supporter, but I believe in justice,” Elon Musk added.

At his November 2021 sentencing hearing, Chansley pleaded guilty to civil disorder, disorderly and disruptive conduct, violent entry into a building, and other counts. Prosecutors claim he broke through a police barrier to enter the Capitol and made his way to the Senate floor, where he yelled from the dais, “Mike Pence is a fucking traitor,” and led other protesters in a chant against “all the tyrants, communists, and globalists.”

He also left a note that said, “It’s Only A Matter of Time. “Justice is on its way!”


India, At UN, Is Mum About Dispute With Canada Over Sikh Separatist Leader’s Killing

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UNITED NATIONS — As he addressed world leaders at the United Nations General Assembly on Tuesday, India’s top diplomat avoided addressing his country’s dispute with Canada over the assassination of a Sikh separatist leader. However, he indirectly criticized how other nations respond to “terrorism.”

Foreign Minister Subrahmanyam Jaishankar devoted most of his speech to praising India’s rising global stature and aspirations for leadership, highlighting its recent tenure as chair of the Group of 20 industrialized nations and presiding over a substantial summit meeting last month.

However, he also stated that the international community must not “allow political expediency to determine responses to terrorism, extremism, and violence.”

India has frequently attacked Pakistan at the United Nations over what New Delhi perceives as Pakistan’s sponsorship of terrorism. This time, however, the remark could be interpreted as an attack on Canada, whose representative is scheduled to speak at the United Nations later on Tuesday.

As a result of Canadian Prime Minister Justin Trudeau’s statement last week that India may have been involved in the June murder of a Canadian citizen in a Vancouver suburb, relations between the two countries have reached their lowest point in years.

Hardeep Singh Nijjar, 45, was murdered by masked assailants, but Canada has not yet provided any public evidence of Indian involvement in the murder. India had designated him as a terrorist because he led the remnants of a once-powerful movement to establish an independent Sikh homeland, Khalistan.


India’s top diplomat avoided addressing his country’s dispute with Canada over the assassination of a Sikh separatist leader.

The Indian Ministry of Foreign Affairs dismissed the allegation as “absurd” and accused Canada of harboring “terrorists and extremists.” It also asserted that the allegations were politically motivated, indicating that Trudeau sought domestic support from the Sikh diaspora.

“Such unsubstantiated allegations seek to divert attention away from Khalistani terrorists and extremists, who have found refuge in Canada and continue to threaten India’s sovereignty and territorial integrity,” the ministry said in a statement released last week.

However, they have long accused Canada of allowing Sikh separatists, including Nijjar, unfettered reign.

Even though the active insurgency ended decades ago, the Modi administration has warned that Sikh separatists are attempting a comeback. New Delhi has urged nations such as Canada, where Sikhs account for more than 2% of the population, to do more to prevent a separatist revival.

After the G20 summit, Canada’s allegation obscured India’s diplomatic moment. Jaishankar sought to refocus attention on his country’s ambitions in the international arena, noting that India is the world’s most populous nation and a growing economic superpower.

“When we aspire to be a leading power, it is not for self-promotion, but to assume more responsibility and make more contributions,” he explained. “The goals we have set for ourselves will distinguish us from those who rose before us.”


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Spain Charges Pop Singer Shakira With Tax Evasion For A Second Time And Demands More Than $7 Million

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BARCELONA, SPAIN — Spanish prosecutors have charged Colombian pop sensation Shakira with failing to pay 6.7 million euros ($7.1 million) in tax on her 2018 earnings, authorities announced Tuesday. This is Spain’s most recent fiscal accusation against the Colombian singer.

Prosecutors in Barcelona alleged in a statement that Shakira used an offshore company based in a tax refuge to avoid paying the tax.

According to the statement, she has been notified of the allegations in Miami, where she resides.

Shakira is already scheduled to be tried in Barcelona on November 20 for a separate case involving her residence between 2012 and 2014. Prosecutors allege she neglected to pay 14.5 million euros in taxes in this instance.

Prosecutors in Barcelona have asserted that the Grammy winner spent more than fifty percent of the 2012-2014 period in Spain and thus should have paid taxes in the country, even though her official residence was in the Bahamas.


Spanish prosecutors have charged Colombian pop sensation Shakira with failing to pay 6.7 million euros ($7.1 million) in tax on her 2018 earnings.

Last July, Spanish tax officials launched a new investigation against Shakira. Prosecutors have decided to file charges after reviewing the evidence compiled over the past two months. No trial date has been set.

Llorente y Cuenca, the public relations firm previously managing Shakira’s affairs, had no immediate comment.

Last July, it was stated that the artist had “always complied with the law and followed the advice of her financial advisors.”

Since she began dating the now-retired football player Gerard Pique, Shakira, whose full name is Shakira Isabel Mebarak Ripoll, has been linked to Spain. The couple, who have two children, resided in Barcelona until the end of their 11-year relationship last year.

In the past decade, Spain’s tax authorities have cracked down on football superstars such as Lionel Messi and Cristiano Ronaldo for not paying their entire tax obligations. These athletes were found guilty of tax evasion but were spared prison time due to a provision that enables judges to forego sentences of less than two years for first-time offenders.


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Toymaker Lego Will Stick To Its Quest To Find Sustainable Materials Despite Failed Recycle Attempt In 2023

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COPENHAGEN, Denmark – Lego stated on Monday that it remains committed to its quest to find sustainable materials to reduce carbon emissions despite the failure of an experiment to use recycled bottles. Lego is the world’s largest toy manufacturer.

After more than two years of testing, Lego “decided not to proceed” with producing its trademark colorful bricks from recycled polyethylene terephthalate (PET) plastic bottles because “the material did not reduce carbon emissions.”

Nonetheless, the toymaker remains “fully committed to making Lego bricks from sustainable materials by 2032,” according to the company’s website.

Two years ago, the private company that manufactures bricks from oil-derived plastic began researching a potential transition to recycled plastic bottles made of PET plastic, which does not degrade in quality when recycled.

The company stated that it had invested “more than $1.2 billion in sustainability initiatives” to transition to more sustainable materials and reduce carbon emissions by 37% by 2032.

The company reported that it was “currently testing and developing Lego bricks made from a range of alternative sustainable materials, including other recycled plastics and plastics made from alternative sources such as e-methanol.”


Nonetheless, the toymaker remains “fully committed to making Lego bricks from sustainable materials by 2032,” according to the company’s website.

E-methanol, also known as green methanol, is composed of residual carbon dioxide and hydrogen and is produced by splitting water molecules using renewable energy.

The company said it would continue to use bio-polypropylene, the sustainable and biological variant of polyethylene — a plastic used in everything from consumer and food packaging to tires — for elements in Lego sets such as leaves, trees and other accessories.

Long-term, “we believe that this will encourage increased production of more sustainable raw materials, such as recycled oils, and help support our transition to sustainable materials,” the report stated.

The company was founded by Ole Kirk Kristiansen in 1932. The name comprises the Danish words leg and godt, meaning “play well.” The brand name was created without knowledge of the Latin Lego, meaning “I assemble.”


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