Suspended Brazilian President To Take The Stand At Impeachment Trial On Monday

BRASILIA (Reuters) – Suspended President Dilma Rousseff will make a last stand in Brazil’s Senate on Monday in an impeachment trial that is widely expected to remove her from office and end more than a decade of leftist rule by her Workers Party.

Rousseff, who is being impeached on charges of breaking budget laws, has denied wrongdoing and denounced the nine-month impeachment process that has paralyzed Brazilian politics as a conspiracy to overthrow her and roll back policies that have favored Brazil’s poor during 13 years of Workers Party governments.

But a deep recession that many Brazilians blame her for and a huge corruption scandal involving state-run energy company Petrobras have undermined Rousseff’s popularity since she was re-elected in 2014.

As she prepares to take the stand at her impeachment trial on Monday, suspendedBrazilian President Dilma Rousseffis reportedly”in good spirits.

Her vice president, Michel Temer, has been interim president since mid-May, when Rousseff was suspended after Congress decided it would continue the impeachment process that began in the lower house.

If the Senate convicts Rousseff on Tuesday or Wednesday as expected, Temer, 75, will be sworn in to serve out the rest of her term through 2018. His business-friendly government vows to take unpopular austerity measures to plug a growing fiscal deficit that cost Brazil its investment-grade credit rating last year.

“She will appeal to undecided senators to respect democracy and stop the coup that is under way,” a spokesman for Rousseff told Reuters. “She is in good spirits.”

In her 30-minute speech, the aide, who spoke on condition of anonymity, said Rousseff, 68, would point to a lifetime fighting for democracy, from her arrest and torture by a military dictatorship for belonging to a left-wing guerrilla group to election as Brazil’s first female president.

Twenty of her former Cabinet ministers will support her from the Senate gallery, along with her political mentor and former President Luiz Inacio Lula da Silva, founder of the Workers Party.

With the odds stacked against her, Rousseff’s testimony appears to be aimed at making a point for the history books that her impeachment was a travesty rather than a bid to sway the 81-seat Senate to block her eviction from office.

If the Senate convicts Rousseff, as expected, her vice president, Michel Temer, will be sworn in to serve out the rest of her term through 2018.


Temer is confident he has the two-thirds of the chamber needed to remove Rousseff, and he has planned an address to the nation on Wednesday before heading to China to attend the summit of the G20 group of leading economies.

“We need 54 votes, and we expect to get at least 60,” Temer’s press spokesman, Marcio de Freitas, told Reuters.

He said the more votes Temer got, the stronger would be his mandate to take the difficult measures needed to restore confidence in Brazil’s economy, caught in a two-year recession.

A survey published by O Globo newspaper on Sunday showed 53 senators would vote against Rousseff and only 18 would back her – 10 short of the 28 she needs to avoid being ousted. Ten senators have not stated a position or were not polled.

Even senators not convinced the accounting charges brought against Rousseff warrant her impeachment have decided to vote against her because they see her return to the presidency prolonging Brazil’s political crisis.

“I will vote against her even though I think it is a tragedy to get rid of an elected president, but another 2-1/2 years of a Dilma government would be worse,” centrist Senator Cristovam Buarque said in a phone interview.

Rousseff has lost her base of support in Congress and can no longer run the country effectively, he said.

Senator Helio Jose, who was the Rousseff government’s deputy whip in the Senate, has not declared his vote. But he said in a telephone interview that Temer was doing a good job restoring stability since he took over from Rousseff.

“I don’t think the return of President Dilma would be good for the country. Temer has built support in Congress to pass austerity measures we need to recover confidence and draw investment to Brazil,” he said.

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Juan Gabriel, legendary Mexican singer-songwriter, dies aged 66

The Latino Elvis overcame a tough upbringing in an orphanage to sell more than 100m albums

Juan Gabriel, the legendary Mexican singer-songwriter , has died suddenly at his home in California. He was 66.

Gabriel was Mexicos leading singer-songwriter and top-selling artist, with sales of more than 100m albums. His ballads about love and heartbreak and bouncy mariachi tunes became hymns throughout Latin America and Spain, as well as with Spanish speakers in the United States.

He brought many adoring fans to tears as they sang along to hits such as Hasta Que Te Conoci (Until I Met You) and Amor Eterno (Eternal Love). His hit Querida (Dear) topped Mexicos charts for a whole year.

Juanes, the Colombian star who recorded Querida with Gabriel in 2015, told Billboard: Juan Gabriel is our Elvis.

A flamboyant performer, Juan Gabriel, whose real name was Alberto Aguilera Valadez, liked to wear jackets covered in sequins or dress in shiny silk outfits in hot pink, turquoise blue or canary yellow, and he was known for tossing his head before dancing or jumping around the stage.

He has passed on to become part of eternity and has left us his legacy through Juan Gabriel, the character created by him for all the music that has been sung and performed all around the world, his press office said in a statement.

It gave no details on his death. His publicist, Arturo de la Mora, told Associated Press that he died at 11:30am in his home. He said the family would provide a statement later.

Juan Gabriel performed to packed auditoriums, including Madison Square Garden in New York and the Kodak Theater in Los Angeles. His last concert was on Friday night at the Forum in Inglewood, California. He was scheduled to perform on Sunday in El Paso, Texas.

Mexican president Enrique Pena Nieto said through his official Twitter account: I regret the death of Juan Gabriel, one of the great musical icons of our country. My condolences to his relatives and friends.

Javier Colon (@Javstwtr) August 28, 2016

So shocked & saddened by the news of the passing of #JuanGabriel. What a legend & icon in Latin music. One of the best ever. #Hewillbemissed

JORGE RAMOS (@jorgeramosnews) August 28, 2016

If you want to understand Latinos and, why they won’t talk politics for a while, you better learn how to pronounce JuanGa. #JuanGabriel

Anna Nez (@nunez_anna) August 28, 2016

No one equaled #JuanGabriel, the master of passionate Spanish ballads, esp when love went wrong #LaFarsante @YouTube

Juan Gabriel broke ground in Mexico in 1990 by becoming the first commercial singer to present a show at Mexico Citys majestic Palace of Fine Arts, until then a forum reserved for classical musicians. The proceeds from the three sold-out concerts went to support the National Symphony Orchestra and became his most celebrated performances. His album Juan Gabriel live from the Palace of Fine Arts set record sales.

A six-time Grammy nominee, Juan Gabriel was inducted into the Billboard Latin Music Hall of Fame in 1996 and received countless industry awards, including ASCAP Songwriter of the Year in 1995, Latin Recording Academys Person of the Year 2009, and a star on the Hollywood Walk of Fame that same year.

The singer, who was born on 7 January 1950, wrote his first song at age 13 and went on to compose more than 1,500 songs.

There are no rules when I compose songs, he said, according to a biography published by Mexicos Society of Music Authors and Composers. There are times when Im really happy and I write something really sad, and vice versa.

Artists across Latin America and in the United States covered many of his songs, including Paul Anka and Marc Anthony, who broke into the salsa music world in the US with Juan Gabriels Hasta Que Te Conoci. Juan Gabriel also wrote and produced albums for artists such as Mexican singer Lucha Villa and Spains Rocio Durcal.

Juan Gabriel had been due to perform in Texas on Sunday. Photograph: Rodrigo Varela/Getty Images

He was born the youngest of 10 children in the western state of Michoacan. His father, Gabriel Aguilera, was a farmer and his mother, Victoria Valadez, a housewife. The family lost contact with his father after he was taken to a psychiatric hospital in Mexico City when Juan Gabriel was still a baby. Unable to support her children, his mother moved the family to the border city of Ciudad Juarez, where he grew up as she worked as a maid.

Juan Gabriel said his mother was one of the people he most loved in his life even though he spent most of his childhood away from her. Unable to care for him, she sent him to an orphanage.

He said he wrote Eternal Love, one of his greatest hits, thinking about his mother, who died in 1974.

Even though I dont have my mothers love today, I have the love of millions, he told the newspaper La Jornada in an interview in 2012. Her love comes through all the mothers of Mexico.

He went to school only until fifth grade after he escaped the orphanage, where he met music teacher and mentor Juan Contreras. He said his artistic name came from Contreras and his father.

He traveled to Mexico City as a teenager and slept on the streets and in train stations while trying to break into the music business.

During that time he was accused of robbery and sent to jail. I was good writing songs, but I was innocent for many other things and when I ended up in jail I didnt know how to defend myself, he told La Jornada.

The prison director and his wife helped get Juan Gabriel freed.

He signed his first record contract in 1971 and had his first big hit with No Tengo Dinero (I Dont Have Any Money), according to his biography by Mexicos Society of Music Authors and Composers.

At the height of his fame, he had problems in Mexico and the United States for not paying taxes. He was also linked to the Cali drug cartel when Fernando Rodriguez, son of Colombian drug trafficker Gilberto Rodrguez Orejuela, wrote in his book The Son of Chess Player that Juan Gabriel sang at a party in Colombia for the cartel leaders. The singer denied the claim.

Juan Gabriel, pictured performing in 2012, was known for his outlandish costumes. Photograph: Eduardo Verdugo/AP

Juan Gabriel rarely gave interviews. When he did, he avoided talking about his private life.

Although his former personal secretary, Joaquin Munoz, described their homosexual relationship in a book, Juan Gabriel and I, the singer neither admitted nor denied being gay. His fans were surprised when years later it became known that he had fathered four children with his friend Laura Salas.

Im not married; I dont ever plan to marry. Im happy single, Juan Gabriel is quoted as saying in his biography by Mexicos Society of Music Authors and Composers. I have many loves but the most important are: my mother, my children, my sister, my brothers, my nieces and nephews and my songs.

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Delivery-only is a success for Momofuku’s Ando

WASHINGTON, DC – OCTOBER 22: David Chang poses at Momofuku.
Image: katherine frey/The Washington Post via Getty Images

Delivery is working for Momofuku.

The popular New York restaurant empire just fully launched its delivery-only restaurant, Ando. Six weeks later, demand is high enough that its needs to expand.

The lunchtime menu has been available only to customers in New York’s office-heavy Midtown East neighborhood, and only through an iOS mobile app. Ando is launching a web app today to reach new customers.

“If we had a [physical] line out the door, it would be almost four miles long,” said Ando General Manager Anoop Pillarisetti, although the company isn’t sharing specific numbers. “It’s been pretty stunning.”

The web app’s goal is to make ordering accessible for both desktop and Android users.

Ando makes its food (designed specifically to taste better later, after delivery) in an undisclosed Midtown location. David Chang, the famed Momofuku restaurateur, designed the menu with chef J.J. Basil. Its most popular items are a $12 cheesesteak and $11 fried chicken.

Ando’s app.

Image: ando

Ando’s two main priorities are food and technology. UberRush handles the logistics of delivery. (Ando co-founder Hooman Radfar is an Uber investor, and comes from a tech background.)

Its Midtown-based users are a mix of businesses and individuals. Some already love Momofuku, but others just want food delivered for lunch. The more fanatical customers have posted up in a Midtown Chipotle to order Ando since they live or work outside the small delivery zone, Radfar said.

A bonus for Ando is that it doesn’t have to completely win over customers to its app to be a success.

“Where this business is very different than traditional tech-only businesses is that everyone eats,” said Radfar, who has invested in Sweetgreen and other restaurant concepts. “We’ve seen a lot of overlap between us and other folks. People like to eat different things on different days of the week.”

So does Ando’s success prove the viability of delivery-only concepts?

For Momofuku at least, streamlining its delivery efforts through a focused concept rather than high-end restaurants that were never going to excel at delivery has proven wise.

“If you go to Seamless, it provides you with choice, but most of the food is not designed to hold for delivery,” Radfar said.

Making food better when it’s delivered is the “last mile of innovation that needs to occur,” Radfar said.

For now, that’s still happening just within Midtown East.

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She Acts Like A Normal Bird At First Until Dad Starts To Play Fetch With Her Like A Dog

Parrots and dogs have a lot more in common than you might think. While wings, a beak, paws, and a snout are different in their own way, Tweety the parrot has learned a few tricks from Fido. She plays fetch like a dog!

In an adorable video, Tweety, a spunky yellow parrot shows off her skills by playing fetch with her favorite pink ball. The pink ball has holes in it, to make throwing and retrieving easier, and a little bell inside, which adds to the cuteness factor.

Cozy on the couch with her orange and yellow ducky stuffed animal by her side, Tweety retrieves the ball like its nobodys business! With the encouragement of her owner and sheer determination, Tweety has mastered playing fetch and has a blast doing it.

Parrots are a real hoot and continue to make us laugh, like the dancing parrot that has a very refined taste in his dance music, and the curious parrot who was mesmerized when he discovered steam for the first time!

As someone who has grown up with birds, my experience with them has been wonderful and memorable. Not only do they make music with their chirps, but they have a great sense of humor. My mom owned a cockatieland it sang Yankee Doodle, said Whatcha doing?, rolled its Rs, and always tried to steal a sip of her coffee! Too funny!

Please SHARE this funny video with parrot owners, bird lovers, and those who love a good ole fashioned game of fetch!

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Mom Realizes Shes Being Scammed After Noticing A Small Detail In The Crooks Email

Nowadays, it seems like you have to be extra careful with what you do with your time on the internet. There are many hackers out there who can use any small detail about you to find out anything they want. With just your name or birthday, they can find out your home address, social security number, and even the value of your house!

Internet users are also no stranger to scams. These emails are from users who often claim to be people they are not in an attempt to persuade us into giving them money. Often, they speak for a special fund or cause, and appeal to a stranger’s sense of purpose to extort money from them.

Rebecca Pastore is a mom who runs her own business, and she almost became the victim of a very elaborate scam. All the signs indicatedthat the email she received from a representative from NBC Universal was legitimate but one small detail signaled otherwise.

The email stated that Rebecca and her business could be featured on television. The producer, with whom she also spoke on the phone, wasn’t pushy and claimed that a few celebrities were going to be involved in the endeavor.

Then, the catch: the stranger asked for a payment of $12,000.

That’s when Rebecca looked into who exactly she was dealing with. She looked up his email address and noticed one small detail: the difference in domains between the one of the person contacting her and the one assigned to the employees of NBC Universal.

Now, she’s warning others that these scams are becoming more and more elaborate. It’s always a good idea to confirm who you’re contacting before giving away money!

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Republican calls grow for second look at Clinton case | Fox News

More than seven weeks after FBI Director James Comeys July 5 announcement closing the case on Hillary Clintons personal email use, Republican calls are growing for prosecutors to take a closer look at everything from perjury questions to the tangled dealings with Clinton Foundation donors during the candidates tenure leading the State Department.

And on Thursday, Republican Rep. Trey Gowdy pointed out another potential problem with the bureaus original email investigation.

After viewing the FBIs tightly held file on the case, the South Carolina congressman told Fox News it doesnt appear investigators asked Clinton about the issue that was the basis for not pursuing charges known as intent.

During Comeys congressional testimony last month, he said while Clinton was negligent and careless in her use of personal email for official business, What we cant establish is that she acted with the necessary criminal intent.

But Gowdy said that in reviewing the FBIs interview file, I didnt see any questions on the issue of intent.

Meanwhile, Donald Trump has steadily racked up endorsements from fellow Republicans for his call earlier this week to appoint a special prosecutor to investigate the ties between the family foundation and her State Department.

The latest headlines on the 2016 elections from the biggest name in politics. See Latest Coverage →

Rep. Tom Marino, R-Pa., a Trump supporter, was the latest to back that call late Wednesday, saying in a statement we need an independent prosecutor to investigate the corrupt Clinton Foundation.

The newest calls follow an Associated Press report Tuesday that more than half of the non-government people with whom Clinton met as secretary of state donated to her family foundation.

The Clinton campaign said the AP relied on utterly flawed data and cherry-picked a limited subset of Secretary Clinton’s schedule to give a distorted portrayal of how often she crossed paths with individuals connected to charitable donations to the Clinton Foundation. 

Asked Wednesday about the calls for a special prosecutor, White House Press Secretary Josh Earnest suggested there was little need.

President Obama and the administration have complete confidence in the independent career prosecutors at the Department of Justice and the FBI who devoted significant time and attention to investigating Secretary Clinton’s email practices, he said. I just think it’s hard for anybody to make a very persuasive case that somehow there hasnt been enough investigating, particularly when you layer on top of that all of the congressional hearings and testimony that’s gone on with regard to Secretary Clinton’s tenure at the State Department.

The calls for a special prosecutor come after House Republicans already were looking to the FBI to examine whether Clinton committed perjury during her 2015 congressional testimony on her email practices.

In a letter obtained by Fox News, House Oversight Committee Chairman Jason Chaffetz, R-Utah, and Judiciary Committee Chairman Bob Goodlatte, R-Va., asked U.S. Attorney Channing D. Phillips to look at four pieces of sworn testimony they claimed were incompatible with the FBI’s findings.

Among those discrepancies, they said Clinton testified there was nothing marked classified on her emails, yet Comey said a very small number of emails had markings indicating classified information.

The Justice Department Assistant Attorney General for Legislative Affairs, Peter Kadzik, confirmed in an Aug. 2 letter to both committees they had the perjury investigation request and the department would “take appropriate action as necessary.” 

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BHS store closures: Filling the gaps on the High Street – BBC News

Media captionA tour inside a BHS “ghost store” in Edinburgh

The last BHS stores will close this weekend, bringing to an end nearly 90 years of British retail history. BBC business correspondent Emma Simpson looks at what the closures will mean for our High Streets.

They don’t come much bigger than the BHS store on Edinburgh’s Princes Street.

Its three huge trading floors now lie eerily empty apart from the odd piece of furniture and signs.

“It’s an unusual building… as there weren’t many purpose-built stores of that era [the 1960s]. A lot of what you can see was put here in the 1960s and that’s very unusual – even the escalators [and] the lifts date back to that period,” says Steve Spray from LaSalle Investment Management.

The company is leading the development of this 120,000 sq ft site on behalf of the owner.

As well as the three floors for retail, there are more floors above, including a huge rest area for staff still decked out with the original brown carpets and wooden panelling.

Image caption The original 1960s design is still in place

“This space was used as a staff refectory, management offices, staff welfare facilities – it’s something of a time warp,” adds Mr Spray.

“Of the five storeys of this building BHS only ever traded on three. The building was designed to be that way. It reflects a day when stores held a lot more stock on premises than they do now. They definitely don’t make them like this any more.”

Human scale

We then came across the old locker room tucked away off one of the corridors. It has row after row of empty metal cupboards, a stark reminder of the jobs lost.

“This is a measure of the human scale of what’s happened to BHS,” says Mr Spray.

“There are 250 lockers in here, which reflects the number of people employed in this store at one time. It was the heyday. I suspect that number of people probably haven’t been employed here for a while, but the fact that they once were is amazing.”

Image caption Thousands of jobs have been lost across the country as a result of the demise of BHS

It is hard to believe this building has been underused for so long. It’s a prime spot on Edinburgh’s main shopping centre with incredible views of its famous castle and old town. And Mr Spray’s company wants to make the most of it.

It hopes to attract another retailer to open a new flagship store, and has plans for a 140-bed hotel and a rooftop restaurant.

“This is a great development opportunity which doesn’t exist in many of the other BHS stores,” says Mr Spray.

“Nobody would’ve wanted the set of circumstances that led to BHS failing. But luckily for us this is the right building in the right place… to deliver something really world class for Edinburgh.”

Image caption The new developer’s plans include building a rooftop restaurant

But what will happen to the other 162 stores dotted across the UK?

‘Challenging’ future

BHS had some of the biggest stores on our High Streets – buildings that have been starved of investment.

This portfolio of real estate is a real mixed bag. Many of the stores, including the Princes Street one, are riddled with asbestos that will cost landlords many millions of pounds to bring up to scratch.

According to Matthew Hopkinson, founder of the Local Data Company, which tracks the health of our High Streets, some BHS stores will be easier to re-let than others.

Image caption The last BHS stores will close their doors for the final time this weekend

“There will be some landlords who will be delighted BHS has gone because it was a tired, old brand and they can bring in someone new and vibrant and it will be part of their overall strategy. But you also have a large number of stores in weaker towns, some of which are likely to remain empty for many years to come.

“The real issue lies in whether they will ever be reoccupied. To do so will require finding retailers who are willing to move into that space, which may be the wrong size and format. But also you have to factor in a landlord that is willing and able to invest vast sums as some of the stores are in a real state of disrepair. It’s going to be quite challenging.”

The collapse of BHS has been the biggest retail failure on our High Streets since Woolworths in 2009. Woolies had hundreds more stores than BHS and today the overwhelming majority of them have been let, thanks to the likes of Poundland and Iceland.

There may be fewer BHS stores, but the gaps left behind will be far bigger and trickier to fill. It will also be a barometer for how much demand there is for new space in the current economic climate and fast-changing retail landscape.

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Hillary Clinton Excoriates Donald Trump For Taking White Supremacy Mainstream

WASHINGTON Hillary Clinton said Thursday that Donald Trump is “taking hate groups mainstream,” allowing a “radical fringe” to take over the Republican Party.

Speaking at a rally in Reno, Nevada, Clinton focused on Trump’s divisive, racist comments, telling voters, “There’s no other Donald Trump. This is it.”

Trump is currently trying to turn things around with black voters, asking for their support by painting all African-Americans as living in dire poverty in horrifically dangerous communities.“What do you have to lose?” he said at one event in Virginia, explaining why he thinks black voters should support him. 

In her speech, Clinton dug into the Republican nominee’s past, noting that during the early years of his business career, his real estate company was sued by the Justice Department for refusing to rent apartments to blacks and Latinos. On their applications, Trump’s company would write “C for colored,” Clinton said. 

“And let’s not forget Trump first gained political prominence leading the charge for the so-called ‘birthers,’” Clinton continued. “He promoted the racist lie that President Obama isn’t really an American citizen – part of a sustained effort to delegitimize America’s first black president.”

“It takes a lot of nerve to ask people he’s ignored and mistreated for decades, ‘What do you have to lose?’” she said. “The answer is everything!”

She also brought up Trump’s remarks that an Indiana-born judge of Mexican descent couldn’t be impartial in a case, in order to show how little influence Republican party leaders have over their candidate. Paul Ryan called Trump’s remarks the “textbook definition of a racist comment.” But to this day, Trump hasn’t apologized.

Despite his supposed concern for minority voters, Trump’s campaign has made white supremacists more comfortable in voicing their views, emboldening former Ku Klux Klan leader David Duke to run for Senate. Trump, Clinton said, “traffics in dark conspiracy theories.”

“All of this adds up to something we’ve never seen before,” she added. “Of course there’s always been a paranoid fringe in our politics, steeped in racial resentment. But it’s never had the nominee of a major party stoking it, encouraging it, and giving it a national megaphone until now.”

The Huffington Post

Clinton also tied the racism issue to Trump’s new campaign chief executive, Breitbart’s Stephen Bannon. Citing the Southern Poverty Law Center, Clinton said the conservative website embraces “ideas on the extremist fringe of the conservative right. Racist ideas. Race-baiting ideas. Anti-Muslim and anti-immigrant ideas all key tenets making up an emerging racist ideology known as the ‘alt-right.’”

That’s short for “alternative right,” she noted. Bannon’s decision to formally join up with Trump, she said, represents a “landmark achievement for the alt-right.”

“A fringe element has effectively taken over the Republican Party,” Clinton said. “It’s like nothing we’ve heard before from a nominee for president of the United States.”

Responding to the remarks, Trump tried to flip the script on Clinton, accusing her of “pandering to the worst instincts in our society.”

A Pew poll this month found just 2 percent of registered black voters backing the GOP candidate, compared to 85 percent who support Clinton. 

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Top GOP Congressman Tells Trump To Release His Taxes

Donald Trump should release his tax returns and full medical records, Republican Chairman of the House Oversight Committee Jason Chaffetz (Utah) said Wednesday.

“You’re just going to have to do that, it’s too important,” Chaffetz said on CNN. “If you’re going to run and try to become the president of the United States, you’re going to have to open up your kimono and show everything, your tax returns, your medical records.”

Chaffetz said that the standard applies to both candidates. Clinton has released her 2015 tax return and medical history. Trump has only released a cursory, bombastic letter from his doctor.

Trump said in May that he hoped to release his tax returns, but has since refused to, saying he can’t because he’s under audit by the IRS. However, IRS Commissioner John Koskinen said that being under audit does not prevent a person from releasing returns. “If you’re being audited, and you want to do something else, share that information with your returns, you can do that,” Koskinen told CSPAN in February

In July, Trump’s then-campaign chairman was adamant that the Republican nominee would not release his tax returns. Earlier this week, Eric Trump said it would be “foolish” for his father to release his taxes. “You learn a lot more when you look at a person’s assets,” Eric said. “You know how many hotels we have around the world? You know how many golf courses we have around the world?

The value of Trump’s assets, however, is not the simple matter Eric Trump implies it is. In his personal financial disclosure detailing those assets, Donald Trump says he is worth $10 billion. Bloomberg and Forbes, however, estimate his wealth at $2.9 billion and $4.5 billion, respectively. And Tim O’Brien wrote in his 2005 biography of Trump that “three people with direct knowledge of Donald’s finances, people who had worked closely with him for years, told me that they thought his net worth was somewhere between $150 million and $250 million.”

The New York Times reported last week that Trump’s debt totaled $650 million, about twice as much as the candidate had disclosed. The discrepancy, the Times said, arises from the fact that the financial disclosure forms for candidates are not designed for a person with business dealings as complex as Trump’s are.

Editor’s note: Donald Trump regularly incites political violence and is a serial liar, rampant xenophobe, racist, misogynist and birther who has repeatedly pledged to ban all Muslims — 1.6 billion members of an entire religion — from entering the U.S.

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Legalist will fund your lawsuit if its algorithm says you’ll win

Partner at Founders Fund Peter Thiel participates in a panel discussion at the New York Times 2015 DealBook Conference at the Whitney Museum of American Art on November 3, 2015 in New York City.
Image: Getty Images for New York Times/NEILSON BARNARD

Not every person or business can brush aside a multimillion dollar lawsuit but for those that can afford to fight, a winning case can mean a profitable outcome.

That’s what Legalist, a startup in Y Combinator’s Summer 2016 class, is banking on by offering funding to companies in litigation battles. For example, the startup has invested $75,000 for one lawsuit and said it expects to receive $1 million in the outcome.

“It’s a niche field that you don’t really think about,” cofounder Eva Shang said during its the accelerator’s Demo Day on Tuesday, according to Business Insider.

However, litigation funding did receive mainstream media attention this year after a Forbes report revealed Silicon Valley tech investor Peter Thiel had been backing Hulk Hogan’s lawsuit against Gawker Media.

Thiel’s act, while called “dangerous” and “petty,” was not illegal. In fact, it’s an industry valued at $3 billion, Shang said.

Legalist plans to offer between $50,000 and $500,000 to lawsuits and will take up to 50 percent of the settlement, Business Insider reported.

Unlike Thiel picking cases to exact revenge, Legalist is taking a big data approach. The startup is calculating the risk of litigation funding by gathering data on lawsuits dating back to 1989. An algorithm assesses the risk on 58 variables judge, lawyer, court type related to the outcome, according to TechCrunch.

That algorithmic approach stems from the startup’s original goal.

That algorithmic approach stems from the startup’s original goal. Shang and her cofounder Christian Haigh, both undergraduates at Harvard, were building a database and analytics service for lawyers. An earlier TechCrunch report dubbed Legalist, “Google for state court records.”

In July, the startup was scraping county and state court records from 10 different states and accumulating about 400,000 new documents daily.

Licensed attorneys could search through these records and also receive email updates on flagged cases. Legalist planned to charge lawyers for additional features that could help them determine litigation strategies.

Now, the startup is acting as a financing firm for litigations it identifies as potentially lucrative in its own system. While the company was previously servicing lawyers, Shang pitched her startup Tuesday as helping small businesses in need.

Interestingly, Shang is a Peter Thiel fellow, meaning she is one of 29 people this year who took a break from college and received $100,000 to pursue her startup this year.

But for Legalist, its future clientele and mission is not Peter Thiel funding Hulk Hogan, Shang said.

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