January 20th - The Biggest Crypto Event in History

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on January 20th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

CNN defamation trial comes at a rough time for legacy media — and for the struggling network

DAVID BAUDER
January 08, 2025

NEW YORK (AP) -- At a particularly inopportune time for legacy media and CNN, the news outlet is on trial in Florida this week, accused of defaming a Navy veteran involved in rescuing endangered Afghans from that country when the U.S. ended its involvement there in 2021.

The veteran, Zachary Young, blames CNN for destroying his business when it displayed his face onscreen during a story that discussed a "black market" in smuggling out Afghans for high fees at the time of the Taliban takeover.

In a broader sense, the case puts the news media on the stand in journalism critic Donald Trump's home state weeks before he's due to begin his second term as president, and on the same day Facebook's parent introduced a Trump-friendly policy of backing off fact checks. Young's attorney, Kyle Roche, leaned into the press' unpopularity in his opening arguments on Tuesday.

"You're going to have an opportunity to do something significant in this trial," Roche told jurors in Florida's 14th Judicial Circuit Courts in Panama City on Tuesday. "You're going to have an opportunity to send a message to mainstream media. You're going to have an opportunity to change an industry."

That's the fear. Said Jane Kirtley, director of the Silha Center for the Study of Media Ethics and the Law at the University of Minnesota: "Everybody in the news media is on trial in this case."

Actual defamation trials are rare in this country

Defamation trials are actually rare in the United States, in part because strong constitutional protections for the press make proving libel difficult. From the media's standpoint, taking a case to a judge or jury is a risk many executives don't want to take.

Rather than defend statements that George Stephanopoulos made about Trump last spring, ABC News last month agreed to make the former president's libel lawsuit go away by paying him $15 million toward his presidential library. In the end, ABC parent Walt Disney Co. concluded an ongoing fight against Trump wasn't worth it, win or lose.

In the most high-profile libel case in recent years, Fox News agreed to pay Dominion Voting Systems $787 million on the day the trial was due to start in 2023 to settle the company's claims of inaccurate reporting in the wake of the 2020 presidential election.

The Young case concerns a segment that first aired on Jake Tapper's program on Nov. 11, 2021, about extraction efforts in Afghanistan. Young had built a business helping such efforts, and advertised his services on LinkedIn to sponsors with funding who could pay for such evacuation.

He subsequently helped four separate organizations -- Audible, Bloomberg, a charity called H.E.R.O. Inc. and a Berlin-based NGO called CivilFleet Support eV -- get more than a dozen people out of Afghanistan, according to court papers. He said he did not market to -- or take money from -- individual Afghans.

Yet Young's picture was shown as part of CNN story that talked about a "black market" where Afghans were charged $10,000 or more to get family members out of danger.

The plaintiff says the story's reference to 'black market' damaged him

To Young, the "black market" label implied some sort of criminality, and he did nothing illegal. "It's devastating if you're labeled a criminal all over the world," Young testified on Tuesday.

CNN said in court papers that Young's case amounts to "defamation by implication," and that he hadn't actually been accused of nefarious acts. The initial story he complained about didn't even mention Young until three minutes in, CNN lawyer David Axelrod argued on Tuesday.

Five months after the story aired, Young complained about it, and CNN issued an on-air statement that its use of the phrase "black market" was wrong. "We did not intend to suggest that Mr. Young participated in a black market. We regret the error. And to Mr. Young, we apologize."

That didn't prevent a defamation lawsuit, and the presiding judge, William S. Henry, denied CNN's request that it be dismissed. CNN, in a statement, said that "when all the facts come to light, we are confident we will have a verdict in our favor."

Axelrod argued on Tuesday that CNN's reporting was tough, fair and accurate. He told the jury that they will hear no witnesses who will say they thought less of Young or wouldn't hire him because of the story -- in other words, no one to back up his contention that it was so damaging to his business and life.

Yet much like Fox was publicly hurt in the Dominion case by internal communications about Trump and the network's coverage, some unflattering revelations about CNN's operations will likely become part of the trial. They include internal messages where CNN's reporter, Alex Marquardt, says unflattering and profane things about Young. A CNN editor was also revealed on messages to suggest that a Marquardt story on the topic was "full of holes," Roche said.

"At the end of the day, there was no one at CNN who was willing to stand up for the truth," Roche said. "Theater prevailed."

Axelrod, who shares a name with a longtime Democratic political operative and CNN commentator, contended that the give and take was part of a rigorous journalistic process putting the video segment and subsequent printed stories together. "Many experienced journalists put eyes on these stories," he said.

It's still going to be difficult for CNN to go through. The network, with television ratings at historic lows, doesn't need the trouble.

"At a moment of wider vilification and disparagement of the press, there is every reason to believe this will be weaponized, even if CNN prevails," said RonNell Andersen Jones, a professor at the University of Utah law school and expert on libel law.

The case is putting a media organization and its key players on the stand in a very public way, which is something people don't usually see.

"I always dread any kind of libel cases because the likelihood that something bad will come out of it is very high," Minnesota's Kirtley said. "This is not a great time to be a libel defendant if you're in the news media. If we ever did have the support of the public, it has seriously eroded over the past few years."

___

David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social

Continue Reading...

Popular

Supreme Court upholds law banning TikTok if it's not sold by its Chinese parent company

WASHINGTON (AP) — The on Friday unanimously upheld the federal law banning beginning Sunday unless it's sold by its China-based parent company, holding that the risk to national security posed by its ties to China overcomes concerns about limiting speech by the app or its 170 million users in the United States.

Urgent: Buy This Before Bitcoin Hits $125,000 - Ad

Discover the $25 Bitcoin secret that could turn into a fortune soon. Historically, this secret investment soared by 6,865%, surpassing Bitcoin's own performance. This has nothing to do with buying Bitcoin or any Bitcoin ETFs... You can easily access this secret investment through your standard brokerage account.

Benzinga Bulls And Bears: Tesla, Apple, Meta And Dogecoin Influencers See Pattern For Post-2025 Inauguration Rally

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The Dow, S&P 500, and Nasdaq gained 3.7%, 2.9%, and 2.5% this week, respectively, with all three posting their strongest advances in weeks.

Cathie Wood Adds New Space Stock To 2 ETFs: Company Went To Moon, Will Investment Returns Follow?

Ark Invest made initial purchases in a space stock across two ETFs. A look at the purchases and why it could be important for 2025.

Exposed: 3 Cent Crypto to Explode January 20th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on January 20th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Progressives are frustrated by Biden's final-days warning of billionaire influence

NEW YORK (AP) — The Democratic Party's left wing has warned for decades that America is moving toward in which a handful of billionaires controls much of the nation's wealth and political power.

How to Ride America's $1 Trillion Robot Revolution - Ad

Like computers before them, robots are evolving at lightning speed, transforming the world, and creating a wave of new millionaires. As Bill Gates says, the uses for robots will be "almost limitless." That's why he's pouring millions into this new technology. Now you can join him in tapping this unstoppable trend for 5, 10, even 15 times your money -- maybe a whole lot more...

How Trump's political and business interests will intersect in the White House

As he assumes the presidency for a second time, brings with him a broad expanse of business relationships and financial entanglements — and the possibility that those associations could in the White House.

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout - Ad

But here's why I'm not buying Bitcoin directly: It's VERY expensive. Instead, I've found a better way to profit -- without touching any coins, ETFs, or digital wallets. This little-known $25 investment is accessible through your regular brokerage account. It's already up over 10% since Trump's victory, and it's just getting started.

How much is TikTok worth and who could buy it?

NEW YORK (AP) — The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S. operations.

"Boring Trade" Generates $185 Every Day. Like Clockwork. - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs

MEXICO CITY (AP) — Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of U.S. President-elect Donald Trump, who on Mexico and other trading partners.

Trump Treasury Nominee Pledges To Maintain Dollar's Global Reserve Status, Outlines Vision For 'New Economic Golden Age'

Scott Bessent, Trump's Treasury Secretary nominee, pledged to uphold the dollar's reserve currency status, emphasizing productive investment, supply chain security, and strategic sanctions to bolster U.S. economic dominance.

The Most Disruptive Technology in Human History - Ad

A brand new technology is lining up to be more disruptive than the internet or even today's most advanced artificial intelligence. Those who prepare now could see massive stock gains. Those who don't could find themselves on the wrong side of history.

Trump 2.0 Could Be Thwarted By Inflation, Mohamed El-Erian Notes Ahead Of CPI Data Release

Mohamed El-Erian shared Bloomberg's John Authers' analysis, warning that persistent inflation could hinder President-elect Trump's economic agenda as markets await December CPI data.

TikTok Ban Decision Left To Trump By Biden Administration: What This Means For 170 Million US Users And Big Tech

The Biden administration has deferred enforcing the TikTok ban, leaving the decision to the incoming Trump administration, potentially impacting 170 million U.S. users and major tech companies as national security and divestment debates continue.

Get Your Retirement Plan in Shape in 2025 - Ad

The clock is ticking -- make the most of Q1 to set up a retirement plan that works for you. Datalign Advisory can help you get everything in order before tax time.

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

HONG KONG (AP) — Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the

ONE AI Stock Is All You Need - Ad

There are over 6,000 stocks listed in the market right now. And even with many of them jumping on the AI bandwagon... They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else. It's currently trading for only $20...

Why did 87 miners die trapped underground in South Africa as police tried to force their surrender?

CAPE TOWN, South Africa (AP) — South Africa's president is facing calls to order an inquiry into a police operation that was meant to combat illegal mining but ended up as authorities attempted to force them to surrender during a monthslong standoff.

Meta's 'Community Notes' To Exempt Paid Ads, Marketers Left Puzzled About Organic Content Risks: Report

Meta's new "Community Notes" feature will focus solely on organic content, excluding paid advertisements, leaving marketers uncertain about the implications for organic sponsored content strategies.

Porter Stansberry: These Are Trump's 10 Secret Stocks - Ad

Ten investments secretly owned by Trump's biggest backers. Ten investments intrinsically tied to the policies Trump will put in place. Ten investments with the potential to return 10x or more... but only if you act right now.

India's navy launches submarine, warships to guard against China's presence in Indian Ocean

MUMBAI, India (AP) — India's navy on Wednesday simultaneously launched a submarine, a destroyer and a frigate built at a state-run shipyard, underscoring the importance of protecting the Indian Ocean region through which 95% of the country's trade moves amid a strong Chinese presence.

What's Going On With SoFi Technologies Stock Thursday?

SoFi Technologies Inc (NASDAQ:SOFI) shares are moving higher. The company on Thursday announced a personal loan securitization agreement with a global fixed income manager.

270x More Lucrative Than NVIDIA? - Ad

If you've missed out on NVIDIA's recent 1,600% run... Don't worry. Because there's one AI stock that could be a lot more lucrative. It's currently trading for only $20.

UK inflation unexpectedly eases in December, which could reduce pressure in bond markets

LONDON (AP) — Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month.

Vietnam and Russia sign an agreement to expand cooperation on nuclear energy

HANOI, Vietnam (AP) — Vietnam and Russia inked Tuesday an agreement to boost cooperation on nuclear energy during Russian Prime Minister Mikhail Mishustin’s two-day visit to Hanoi.

Retirement Planning for 2025 -- Act Now! - Ad

Make sure your retirement strategy is in place before 2025 rolls in. Let Datalign Advisory help you take charge of your financial future and get your ducks in a row before the year's end.

Google's search ad business faces fresh investigation from UK's competition watchdog

LONDON (AP) — Britain's competition watchdog said Tuesday it's investigating Google's search ad business, adding to global scrutiny that the U.S. tech giant is facing.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. Many predict 2025 will be an even bigger year--hitting $200,000 or higher. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto in 2025.

Why Leafly (LFLY) Stock Is Down 49% Today

Leafly shares are trading lower by 45% Thursday afternoon. The company announced it received a Nasdaq delisting notice.

Trump's Treasury Nominee Scott Bessent Sees 'No Reason' For US Central Bank Digital Currency: It's For Countries With 'No Other Investment Alternatives'

In what could be interpreted as another optimistic signal for cryptocurrencies, Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, argued against the concept of a central bank digital currency in the U.S. on Thursday.

Missed Tesla? Don't Miss Elon's Next Big Move - Ad

Regardless of your personal opinion on Elon Musk... It's proven how effective he can be at creating millionaires with every new startup he touches. And while nothing is certain... I believe Elon's next venture, his "Final Move," could mint more millionaires than any project he's ever been a part of before.

Starship's 7th Test Flight With Simulated Starlink Payload Delayed Until Thursday Due To Unfavorable Weather, Says SpaceX

SpaceX's seventh test flight of its Starship launch vehicle is now slated for Thursday, after getting pushed back from Wednesday owing to unfavorable weather conditions.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service