Connect with us

Business

Maine oyster farmer running for Senate tries to explain Marine tattoo that appears to be a Nazi SS ‘Totenkopf’ symbol

Published

on



Maine U.S. Senate candidate Graham Platner revealed Tuesday that he was tattooed years ago with an image widely recognized as a Nazi symbol, but he dismissed the connotation and chalked it up to a drunken Marine’s attempt at fearsomeness. He said he plans to have the tattoo removed.

Platner is the latest Democratic candidate to shrug off dark revelations about their past, reflecting a new era in politics and an example set by President Donald Trump, who has forged ahead undaunted by controversies that would have been campaign-ending discoveries only a decade ago.

The new revelation about Platner comes close behind the discovery of a series of controversial online statements, including one in which he dismissed sexual assault in the military. It also follows a pattern set by Jay Jones, this year’s Democratic nominee for attorney general of Virginia, who has refused to drop out of the race even after text messages surfaced in which he suggested in 2022 that a prominent state Republican should get “two bullets to the head.”

Jones apologized for the comments, which also included the suggestion that his then-Republican opponent’s children face the same fate. Jones has stayed in the race for the Nov. 4 Virginia election, saying it’s up to voters to judge his qualifications for the office. The scandal over them has spilled over into the governor’s race, where Democrat Abigail Spanberger has had to address it repeatedly.

Platner’s old posts raise new questions

Platner, a Democrat and oyster farmer, had sparked buzz among progressives in Maine, notably since two-term Gov. Janet Mills last week entered the Democratic race for U.S. Senate. The two Democrats are vying for the chance to challenge 30-year incumbent Republican Sen. Susan Collins.

Platner attempted to explain his past online comments in a video posted to social media last week. In it, he addressed not only his previous comments dismissing military sexual assaults, but also his questioning Black patrons’ gratuity habits and criticizing police officers and rural Americans.

“I see someone I don’t recognize,” he said in the five-minute apology video.

Platner sought to further distance himself from the comments, posted online between 2013 and 2021, during an interview on the Democratic podcast Pod Save America that was posted Tuesday, describing them as the ramblings of a recent military veteran.

“That was a moment in time when I had not yet been exposed to things, and I had an opinion or I had thoughts that were colored by my experience in the service,” he said during the podcast.

But Platner himself brought up the tattoo, which he says he received in 2007, when he was in his 20s. He said he got it in Kosovo while on leave with the Marines during a night of drinking. A video aired during the podcast shows Platner dancing shirtless with the tattoo visible on his upper chest.

He said he and his fellow Marines chose “a terrifying looking skull and crossbones off the wall because we were Marines and, you know, skulls and crossbones are a pretty standard military thing,” Platner said.

The prominent antisemitism advocacy group, the Anti-Defamation League, reviewed the video and recognized the image in the tattoo as a specific symbol of Hitler’s paramilitary Schutzstaffel, or SS, which was responsible for the systematic murders of millions of Jews and others in Europe during World War II.

“This appears to be a Nazi Totenkopf tattoo, and if true, it is troubling that a candidate for high office would have one,” Oren Segal, the Anti-Defamation League’s senior vice president of counter-extremism and intelligence, said in an email response to an Associated Press inquiry. “We do understand that sometimes people get tattoos without understanding their hateful association. In those cases, the bearer should be asked whether they repudiate its hateful meaning.”

Platner on tattoo meaning: It never came up

In a statement to The Associated Press late Tuesday, Platner said: “It was not until I started hearing from reporters and DC insiders that I realized this tattoo resembled a Nazi symbol. I absolutely would not have gone through life having this on my chest if I knew that – and to insinuate that I did is disgusting. I am already planning to get this removed.”

Platner added that in the 20 years since he got the tattoo, he enlisted in the Army, “which involved a full physical that examines tattoos for hate symbols. I also passed a full background check to receive a security clearance to join the Ambassador to Afghanistan’s security detail.” The notion of his tattoo as a Nazi symbol never came up, he said.

But a former top Platner staffer said he should have known.

“Maybe he didn’t know it when he got it, but he got it years ago and he should have had it covered up because he knows damn well what it means,” Platner’s former political director Genevieve L. McDonald, who quit the campaign last week, said in a Facebook post Tuesday.

Platner is running against Mills in next year’s primary.

Vermont Sen. Bernie Sanders, who has endorsed Platner, was sticking with the candidate, telling reporters on Tuesday that Platner is “an excellent candidate.”

“I’m going to support him,” Sanders added.

Democrats follow in Trump’s campaign footsteps

The episodes, including Jones’ explosive revelations in Virginia, follow a decade of Trump rewriting the standard for what can derail a campaign.

Trump won the 2016 presidential election even after recordings surfaced that had been made 11 years earlier of him speaking to an “Access Hollywood” reporter in which he boasted in lewd terms about making sexual advances toward women who were not his wife. Trump also referred to “very fine people, on both sides” of a 2017 episode in Charlottesville, Virginia, where a woman who was protesting against a white nationalist demonstration was run down and killed by a white supremacist in his car.

More recently, Trump was elected to a second, non-consecutive term in 2024 after being twice impeached during his first term and later being convicted on 34 criminal counts in a scheme to illegally influence the 2016 election through hush money payment to a porn actor who said the two had sex. Trump denied the allegation.

“I think there’s a sense among Democrats that if Republicans can ignore calls to bow out, why can’t we?” said Todd Belt, director of the Graduate School of Political Management at George Washington University.

During an attorney general campaign debate last week, Jones raised the very issue, referring to Trump’s speech urging his supporters to contest the 2020 presidential election, which he lost, before many of them stormed the U.S. Capitol in the Jan. 6, 2021, riot.

“What about when Donald Trump used incendiary language to incite a riot to try to overturn an election here in this country?” Jones said.

___

Beaumont reported from Des Moines, Iowa, Kruesi from Providence, Rhode Island. Associated Press writer Joey Cappelletti in Washington also contributed to this report.



Source link

Continue Reading

Business

SpaceX to offer insider shares at record-setting $800 billion valuation

Published

on



SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable private company. 

The details, discussed by SpaceX’s board of directors on Thursday at its Starbase hub in Texas, could change based on interest from insider sellers and buyers or other factors, said some of the people, who asked not to be identified as the information isn’t public. SpaceX is also exploring a possible initial public offering as soon as late next year, one of the people said. 

Another person briefed on the matter said that the price under discussion for the sale of some employees and investors’ shares is higher than $400 apiece, which would value SpaceX at between $750 billion and $800 billion. The company wouldn’t raise any funds though this planned sale, though a successful offering at such levels would catapult it past the record of $500 billion valuation achieved by OpenAI in October.

Elon Musk on Saturday denied that SpaceX is raising money at a $800 billion valuation without addressing Bloomberg’s reporting on the planned offering of insiders’ shares. 

“SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” Musk said in a post on his social media platform X. 

The share sale price under discussion would be a substantial increase from the $212 a share set in July, when the company raised money and sold shares at a valuation of $400 billion. The Wall Street Journal and Financial Times earlier reported the $800 billion valuation target.

News of SpaceX’s valuation sent shares of EchoStar Corp., a satellite TV and wireless company, up as much as 18%. Last month, EchoStar had agreed to sell spectrum licenses to SpaceX for $2.6 billion, adding to an earlier agreement to sell about $17 billion in wireless spectrum to Musk’s company.

Subscribe Now: The Business of Space newsletter covers NASA, key industry events and trends.

The world’s most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit.

SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of more than 9,000 satellites that is far ahead of competitors including Amazon.com Inc.’s Amazon Leo.

Elite Group

SpaceX is among an elite group of companies that have the ability to raise funds at $100 billion-plus valuations while delaying or denying they have any plan to go public. 

An IPO of the company at an $800 billion value would vault SpaceX into another rarefied group — the 20 largest public companies, a few notches below Musk’s Tesla Inc. 

If SpaceX sold 5% of the company at that valuation, it would have to sell $40 billion of stock — making it the biggest IPO of all time, well above Saudi Aramco’s $29 billion listing in 2019. The firm sold just 1.5% of the company in that offering, a much smaller slice than the majority of publicly traded firms make available.

A listing would also subject SpaceX to the volatility of being a public company, versus private firms whose valuations are closely guarded secrets. Space and defense company IPOs have had a mixed reception in 2025. Karman Holdings Inc.’s stock has nearly tripled since its debut, while Firefly Aerospace Inc. and Voyager Technologies Inc. have plunged by double-digit percentages since their debuts.

SpaceX executives have repeatedly floated the idea of spinning off SpaceX’s Starlink business into a separate, publicly traded company — a concept President Gwynne Shotwell first suggested in 2020. 

However, Musk cast doubt on the prospect publicly over the years and Chief Financial Officer Bret Johnsen said in 2024 that a Starlink IPO would be something that would take place more likely “in the years to come.”

The Information, citing people familiar with the discussions, separately reported on Friday that SpaceX has told investors and financial institution representatives that it’s aiming for an IPO of the entire company in the second half of next year.

Read More: How to Buy SpaceX: A Guide for the Eager, Pre-IPO

A so-called tender or secondary offering, through which employees and some early shareholders can sell shares, provides investors in closely held companies such as SpaceX a way to generate liquidity.

SpaceX is working to develop its new Starship vehicle, advertised as the most powerful rocket ever developed to loft huge numbers of Starlink satellites as well as carry cargo and people to moon and, eventually, Mars.



Source link

Continue Reading

Business

National Park Service drops free admission on MLK Day and Juneteenth while adding Trump’s birthday

Published

on



The National Park Service will offer free admission to U.S. residents on President Donald Trump’s birthday next year — which also happens to be Flag Day — but is eliminating the benefit for Martin Luther King Jr. Day and Juneteenth.

The new list of free admission days for Americans is the latest example of the Trump administration downplaying America’s civil rights history while also promoting the president’s image, name and legacy.

Last year, the list of free days included Martin Luther King Jr Day and Juneteenth — which is June 19 — but not June 14, Trump’s birthday.

The new free-admission policy takes effect Jan. 1 and was one of several changes announced by the Park Service late last month, including higher admission fees for international visitors.

The other days of free park admission in 2026 are Presidents Day, Memorial Day, Independence Day, Constitution Day, Veterans Day, President Theodore Roosevelt’s birthday (Oct. 27) and the anniversary of the creation of the Park Service (Aug. 25).

Eliminating Martin Luther King Jr. Day and Juneteenth, which commemorates the day in 1865 when the last enslaved Americans were emancipated, removes two of the nation’s most prominent civil rights holidays.

Some civil rights leaders voiced opposition to the change after news about it began spreading over the weekend.

“The raw & rank racism here stinks to high heaven,” Harvard Kennedy School professor Cornell William Brooks, a former president of the NAACP, wrote on social media about the new policy.

Kristen Brengel, a spokesperson for the National Parks Conservation Association, said that while presidential administrations have tweaked the free days in the past, the elimination of Martin Luther King Jr. Day is particularly concerning. For one, the day has become a popular day of service for community groups that use the free day to perform volunteer projects at parks.

That will now be much more expensive, said Brengel, whose organization is a nonprofit that advocates for the park system.

“Not only does it recognize an American hero, it’s also a day when people go into parks to clean them up,” Brengel said. “Martin Luther King Jr. deserves a day of recognition … For some reason, Black history has repeatedly been targeted by this administration, and it shouldn’t be.”

Some Democratic lawmakers also weighed in to object to the new policy.

“The President didn’t just add his own birthday to the list, he removed both of these holidays that mark Black Americans’ struggle for civil rights and freedom,” said Democratic Sen. Catherine Cortez Masto of Nevada. “Our country deserves better.”

A spokesperson for the National Park Service did not immediately respond to questions on Saturday seeking information about the reasons behind the changes.

Since taking office, Trump has sought to eliminate programs seen as promoting diversity across the federal government, actions that have erased or downplayed America’s history of racism as well as the civil rights victories of Black Americans.

Self-promotion is an old habit of the president’s and one he has continued in his second term. He unsuccessfully put himself forwardfor the Nobel Peace Prize, renamed the U.S. Institute of Peace after himself, sought to put his name on the planned NFL stadium in the nation’s capital and had a new children’s savings program named after him.

Some Republican lawmakers have suggested putting his visage on Mount Rushmore and the $100 bill.



Source link

Continue Reading

Business

JPMorgan CEO Jamie Dimon says Europe has a ‘real problem’

Published

on



JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called out slow bureaucracy in Europe in a warning that a “weak” continent poses a major economic risk to the US.

“Europe has a real problem,” Dimon said Saturday at the Reagan National Defense Forum. “They do some wonderful things on their safety nets. But they’ve driven business out, they’ve driven investment out, they’ve driven innovation out. It’s kind of coming back.”

While he praised some European leaders who he said were aware of the issues, he cautioned politics is “really hard.” 

Dimon, leader of the biggest US bank, has long said that the risk of a fragmented Europe is among the major challenges facing the world. In his letter to shareholders released earlier this year, he said that Europe has “some serious issues to fix.”

On Saturday, he praised the creation of the euro and Europe’s push for peace. But he warned that a reduction in military efforts and challenges trying to reach agreement within the European Union are threatening the continent.

“If they fragment, then you can say that America first will not be around anymore,” Dimon said. “It will hurt us more than anybody else because they are a major ally in every single way, including common values, which are really important.”

He said the US should help.

“We need a long-term strategy to help them become strong,” Dimon said. “A weak Europe is bad for us.”

The administration of President Donald Trump issued a new national security strategy that directed US interests toward the Western Hemisphere and protection of the homeland while dismissing Europe as a continent headed toward “civilizational erasure.”

Read More: Trump’s National Security Strategy Veers Inward in Telling Shift

JPMorgan has been ramping up its push to spur more investments in the national defense sector. In October, the bank announced that it would funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — as much as $500 billion more than what it would’ve provided anyway. 

Dimon said in the statement that it’s “painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing.”

Investment banker Jay Horine oversees the effort, which Dimon called “100% commercial.” It will focus on four areas: supply chain and advanced manufacturing; defense and aerospace; energy independence and resilience; and frontier and strategic technologies. 

The bank will also invest as much as $10 billion of its own capital to help certain companies expand, innovate or accelerate strategic manufacturing.

Separately on Saturday, Dimon praised Trump for finding ways to roll back bureaucracy in the government.

“There is no question that this administration is trying to bring an axe to some of the bureaucracy that held back America,” Dimon said. “That is a good thing and we can do it and still keep the world safe, for safe food and safe banks and all the stuff like that.”



Source link

Continue Reading

Trending

Copyright © Miami Select.