Low Biased News for 03/15/2023 (Updated 03:00pm)

Each story below is written to reduce bias and get to the true meaning of the story. Most stories are focused on political reporting, hoping to reduce bias in the reports. New news stories will be added here throughout the day as they break. MBFC and NFN summarize the stories.

Chinese billionaire and associate of Steve Bannon arrested in $1 billion fraud conspiracy

Least Biased - Slight liberal lean - Credible

The US Department of Justice (DOJ) has charged exiled Chinese businessman Guo Wengui, with fraud, including the alleged misappropriation of $1.5 billion from a Chinese state-owned bank for personal gain. The charges, filed on March 13th, also implicate Steve Bannon, who is accused of conspiring with Guo to launder the stolen funds through a network of shell companies.

Bannon, a former senior adviser to President Donald Trump, was arrested in August 2020 for fraud related to a fundraising campaign for a private border wall. The case against Guo and Bannon is part of a broader effort by the US government to crack down on financial crimes and corruption in China. If convicted, Guo and Bannon could each face up to 20 years in prison.

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Primary Source: Reuters

Factual Confidence: 100% Verified (Multiple Sources, Official Statement)

US investigators ‘examined Trump Media for possible money laundering’

Least Biased - Left-Leaning - Slightly Liberal Slant

Donald Trump’s media company, Trump Media & Technology Group (Truth Social), is reportedly being investigated by US prosecutors for possible money laundering. The investigation is believed to be focused on whether the media company received funds from Russian entities that were laundered through the United Arab Emirates. Prosecutors are also examining whether any of the laundered funds were used to finance the January 6th Capitol riot.

The Trump Organization has denied wrongdoing, and the former president called the investigation a “witch hunt.” The investigation is the latest in a series of legal troubles for Trump, including a criminal probe into his business dealings in New York and ongoing lawsuits related to the 2020 election.

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Primary Source: Irish Times

Factual Confidence: High (Multiple Sources)

Warren, Porter unveil bill to undo Trump-era Dodd-Frank rollback after Silicon Valley Bank collapse

Senator Elizabeth Warren (D) has drafted a bill to reverse bank deregulations put in place during the Trump administration. The proposed bill comes in response to the recent collapse of SVB Financial Group, which has been attributed to its exposure to risky investments. The proposed legislation would reinstate bank regulations that were rolled back in recent years and provide additional oversight to prevent similar incidents from happening in the future.

Warren argues that the recent collapse of SVB shows the need for stricter regulations to protect consumers and the economy. The bill is likely to face opposition from Republicans, who have been critical of what they see as excessive government regulation of the financial sector.

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Primary Source: Forbes

Factual Confidence: 100% Verified (Multiple Sources, Bill)

Abortion pill challenge goes before judge in Texas

Least Biased - Center Bias - Credible

A Federal Judge will hear arguments on Wednesday in a case that could determine whether women in the US will be able to access abortion pills by mail. The case centers on a federal requirement that the pills be obtained in person from a medical facility, which has been temporarily reinstated by the court pending further review.

Supporters of the requirement argue that ensuring patient safety and proper care is necessary. At the same time, opponents say it places an undue burden on women seeking abortions, particularly those in rural areas or with limited access to transportation.

Wednesday’s hearing is the first in the case in which groups are intensely tracking both sides of the abortion issue after last year’s reversal of Roe v. Wade. However, there was little advance notice of the high-profile session, which only appeared on the public online docket late Monday after news reports raised concerns about a lack of transparency in the proceedings.

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Primary Source: Associated Press, The Hill

Factual Confidence: High (Multiple Source Reporting)

Electric car stores will be restricted in Mississippi

Least Biased - Slight liberal lean - Credible

Mississippi Gov. Tate Reeves signed a bill Tuesday restricting electric car manufacturers from selling vehicles in person unless they open franchised dealerships.

Defying calls from some fellow Republicans in the Legislature to veto the measure, Reeves enacted into law House Bill 401, introduced by Republican Rep. Trey Lamar of Senatobia. The law will force electric car companies such as Tesla and Rivian to sell vehicles through franchises rather than company-owned stores, which is how they currently operate.

“Almost 200 small businesses in communities across our state are seeking assurances that big manufacturers can’t just destroy their businesses. That’s fair!” Reeves, a Republican, said in a statement posted to social media. “I also recognize that innovation in this industry is inevitable. And with innovation comes new companies with new business models. I am committed to find long-term solutions—in an ever changing market.”

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Primary Source: Associated Press

Factual Confidence: 100% Verified (Multiple Sources, Signed Law)

Cheney criticizes DeSantis over Ukraine comments: ‘Weakness is provocative’

Least Biased - Slight liberal lean - Credible

Former Rep Liz Cheney (R) criticized Florida Governor Ron DeSantis for his comments on the UkraineRussia conflict. DeSantis had suggested that the United States should not involve itself in the conflict, as it is not a direct threat to the country.

Cheney called DeSantis’ position “weakness,” saying it was “provocative” and would only embolden Russian aggression. She also criticized former President Donald Trump for his handling of Russia, saying that he had weakened American influence in the world.

Cheney has been a vocal critic of Trump and his supporters in the Republican Party and has been advocating for a return to traditional conservative values. The Ukraine-Russia conflict has been ongoing since 2014 when Russia annexed Crimea and began supporting separatist rebels in eastern Ukraine.

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Primary Source: The Hill

Factual Confidence: 100% Verified (Multiple Sources, Official Statement)

Michigan Senate votes to repeal right-to-work law in victory for organized labor

Least Biased - Left-Leaning - Slightly Liberal Slant

Democrats in Michigan are proposing to repeal the state’s right-to-work law, which allows employees to opt out of union membership and payment of union dues. Supporters of the law argue that it promotes workplace freedom and competitiveness, while opponents say it weakens unions and lowers wages.

Democratic lawmakers argue that the law has not delivered on its promises and harmed workers, particularly during the COVID-19 pandemic. They say repealing the law would help workers unionize and negotiate better wages and benefits.

Republicans, who control the state legislature, are expected to oppose the repeal effort. Michigan’s right-to-work law was passed in 2012 under a Republican-controlled legislature and signed into law by then-Governor Rick Snyder. It made Michigan the 24th state to adopt such a law.

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Primary Source: Associated Press

Factual Confidence: High (Multiple Sources Reporting)


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