Stephen Colbert, Trevor Noah, Jimmy Kimmel, and Harry Styles crack jokes on Trump’s 2 articles of impeachment

“It is an historic day,” Stephen Colbert said on Tuesday’s Late Show. “For only the fourth time in American history, articles of impeachment were drafted against a sitting president.” He explained the two articles and made a joke about President Trump only looking at “the impeachment centerfold.” Some critics said Democrats should have waited until the courts forced Trump officials to defy Trump and testify, but Rep. Adam Schiff (D-Calif.) argued that waiting would let Trump “cheat just one more time.”

“Fun fact,” Colbert joked: “‘Why Not Let Him Cheat Just One More Time?’ was what Trump had inscribed on Melania’s wedding gift.”

“I know this sounds weird, but I’m actually proud of Donald Trump,” Trevor Noah said at The Daily Show. “I didn’t think he would make it three years. … Trump getting this far into his presidency without being impeached is a lot like when a dog accidentally drives a car into a tree: Yeah, the dog crashed, but he made it like eight blocks!”

Democrats debated over how many articles of impeachment to draft, “but in the end they decided to strike with surgical precision” — and obvious restraint, Noah said. “The good news for Trump is that he’s only facing two charges, although in a way that’s also kind of sad for him. Because Nixon had three articles brought against him, Bill Clinton had four, and Andrew Johnson had 11, which means Trump will have the smallest impeachment of all time. You know that’s going to make him insecure.”

“Democrats are charging Trump with obstruction of Congress and abuse of power,” Jimmy Kimmel said on Kimmel Live. “Who would have ever imagined that the guy who bragged about being able to walk in on contestants in his beauty pageant while they’re …read more

Source:: The Week – Lifestyle

      

A key paragraph in the House Democrats’ articles of impeachment against Trump that nods to 2020

trump america first

It is possible that President Donald Trump is impeached and removed from office, but still eligible for re-election in the 2020 presidential race, per Article I, Section 3 of the US Constitution, as Insider’s Grace Panetta reported.
The Constitution extends the consequences of impeachment as far as unseating and indicting a president.
However, one key passage in the articles of impeachment drafted by House Democrats and released on Tuesday, mentions disqualifying Trump from holding future office — which would require a second simple-majority vote in the Senate — in addition to impeachment.
“President Trump thus warrants impeachment and trial, removal from office, and disqualification to hold and enjoy any office of honor, trust, or profit under the United States,” reads a passage on page five of the articles of impeachment.
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The House introduced two articles of impeachment against President Donald Trump Tuesday focusing on abuse of power and obstruction of Congress. The Constitution extends the consequences of impeachment as far as unseating and indicting an official, but a vote to impeach does not prevent them from running for office in the future.

However, at the end of the first article of impeachment on page five (which pertains to abuse of power) there is a paragraph that nods to the 2020 election. It reads:

“Wherefore President Trump, by such conduct, has demonstrated that he will remain a threat to national security and the Constitution if allowed to remain in office, and has acted in a manner grossly incompatible with self-governance and the rule of law. President Trump thus warrants impeachment and trial, removal from office, and disqualification to hold and enjoy any office of honor, trust, or profit under the United States.”

This paragraph is significant for two reasons, as pointed out by The …read more

Source:: Business Insider

      

Saudi Aramco shares are spiking after hitting the market in the world’s biggest-ever IPO

FILE - This Sept. 15, 2019 file photo, shows storage tanks at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia. Saudi Arabia's state-owned oil company Aramco on Thursday, Dec. 5, 2019, set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. (AP Photo/Amr Nabil, File)

Shares in Aramco, the Saudi-owned oil giant, spiked 10% Wednesday when they hit the market in the world’s biggest-ever IPO.

The spike came as shares began trading on Riyadh’s Tadawul stock exchange, after years of wrangling over where they would list.

Due to regulations on the Tadawul, a 10% spike was the maximum possible for the debut.

The offering raised $25.6 billion, according to the Financial Times, putting it just ahead of the previous record IPO, which was the $25 billion amassed by Alibaba in 2014 in the New York Stock Exchange.

This is a developing story, more to follow.

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NOW WATCH: WeWork went from a $47 billion valuation to a failed IPO. Here’s how the company makes money.

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Source:: Business Insider

      

Canva’s co-founder says the $3.2 billion Australian startup is ‘more stable’ than WeWork, amid chatter about overvalued unicorns

canva

Canva’s Chief Product Officer and Co-Founder Cameron Adams reiterated confidence in his company’s massive $3.2 billion valuation, saying that the graphic design startup has “underlying financial stability” that other big-money tech companies don’t have.
Investor confidence in unicorn startups has waned after New York-based co-working startup WeWork went from a $47 billion valuation to talk of bankruptcy in just six weeks.
But Adams told Business Insider that while WeWork had investor hype, Canva has the financial stability that is necessary to achieve long-term success.
Adams added that the company has no plans for an IPO anytime soon but did not rule out the possibility in the future.
Visit Business Insider’s homepage for more stories.

MELBOURNE — Canva’s chief product officer and co-founder Cameron Adams reiterated confidence in his company’s massive $3.2 billion valuation, saying that graphic design startup has “underlying financial stability” that other big-money tech companies don’t have.

Adams told Business Insider during an interview at the Startup Grind APAC Conference in Melbourne, Australia, that his company’s consistent track record justified the recent valuation spurred by a $AU125 million ($85.2 million) funding round.

“That number definitely makes sense to us in terms of where our growth curve is, what we’ve got planned, our track record, everything that’s in motion,” Adams said. “Obviously we wouldn’t negotiate to get that kind of valuation if it wasn’t something that we believed in.”

Still, investors are skeptical of the Sydney-born private business, which has been able to raise an impressive amount of capital since its founding in 2012. The company has been referred to as a “unicorn” — a private company worth at least $1 billion — and co-founder Melanie Perkins has even embraced the term to describe her business.

Other noteworthy unicorns include Uber, Airbnb, and …read more

Source:: Business Insider

      

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