Says Mitt Romneys plan rolls back regulations on banks.
In the final days before the election, the Obama campaign has put upan adthat is a sort of Cliff Notes for voters before they walk into the voting booth. It lists many of the points Obama has used against Mitt Romney throughout this contest.It warns about the future of Medicare,support for education, tax breaks for the wealthiest, and banking regulation. On that last point, it says, Mitt Romneys plan rolls back regulations on the banks that crashed our economy.This fact-check examines that claim and tries to discern what Romney would do about keeping banks clear of the excesses that contributed to the financial crisis.Romney has not spoken in detail about his financial regulation plans. Sifting through his website, interviews and his public comments, we see these core elements:  He wouldrepeal Dodd-Frank, the wide-ranging law that aims to fix many of the lapses associated with the meltdown. Romney has said he would replace the law but has not gone much beyond that concept. Romney supports the idea of regulations. Extensive regulation is appropriate in an industry that has such an impact on the overall economy, he said in an interviewwithTime. Romney supports rules to ensure that banks have their own money at risk, as this promotes greater caution. You have to have rules for what kind of capital has to stand behind each kind of asset on Wall Street and banks, he said on60 Minutes. This is part of current law. He supports greater transparency for derivatives trading. He told agroup of Americansin London, mainly bankers, that we do need to have greater transparency in the trading of derivatives, so we know whats going on - what kind of exposures various institutions have. Derivatives as investment devices are not inherently bad but they helped hide the weaknesses of the home mortgage market and increased the exposure of many investors when the sector collapsed. Dodd-Frank has a detailed approach to shedding light on derivatives trading. Romney opposes the current plan for orderly liquidations when banks fail. We need to get rid of that provision because it's killing regional and small banks, Romney said in thefirst presidential debate.However, he has not said how he would change the current law. Romney believes regulators should move faster to define the minimum standards for a home mortgage loan. The Obama campaign backs up its claim with aBoston Globearticle from last spring. The article emphasizes that Romney says he would do away with Dodd-Frank without saying what would replace it. Since that time, Romney has said a bit more, captured in that list above, but not much more.In May, one of Romneys top economic advisers,Glenn Hubbard,said the public could expect more detailed proposals on several key fronts, including what to do if one of the biggest banks fails, consumer financial protections, and housing finance. However, those proposals never appeared.The only detail from Hubbard himself targeted the new Consumer Financial Protection Bureau. That agency, created under Dodd-Frank, aims to stand between individuals and the marketing of unfair and deceptive financial services. Hubbard said the bureau might be moved or dismantled, with its functions passed along to existing agencies.The lack of specifics from Romney has left many people reading the tea leaves. Kenneth Scott is professor of law and business at Stanford Law School. I very much doubt that if Romney won there would be a blanket repeal of Dodd-Frank, but there would be an effort at significant amendments, Scott said.Some have looked to Congress for clues. ABloomberg articledescribed the changes Republicans have passed or introduced. High on the list are looser rules governing the trade in derivatives, and especially the financial practice called swaps. Swaps are basically insurance against the risk that a borrower wont repay a loan. It gets more exotic, but thats the central idea, and its very big business. Swaps delivered $7 billion in revenues to banks in the first quarter of 2012. Swaps played a significant role in the 2008 financial crisis.Bloomberg andother news organizationshave listed other areas where Republicans have worked to ease financial regulations, such as reversing the Volker Rule, which limits banks on using customer deposits to invest in trades offered by an arm of the same bank.Bloomberg offered this summary: Dodd-Frank would remain but it would be a revamped Dodd-Frank that would accommodate some of the most profitable and riskiest activities while preserving a patina of protection for investors and consumers.Still, the precise changes Romney would support are unknown. In addition, some would argue that whatever changes emerge would not increase the odds of another financial crisis. For example, Lawrence White, a scholar at the libertarian Cato Institute, believes the current law on big banks makes risky behavior more likely.Repealing THAT part of Dodd-Frank would not roll back regulation on the banks that crashed our economy, quite the contrary, White said.We asked the Romney campaign for more specifics in several areas but received no further information.Our rulingThe Obama ad says Mitt Romneys plan rolls back regulations on banks.Romney has provided scant details on his plans, but he has said that he would push for changes. Romney has never suggested that tougher regulations are needed, and he has said many times that government regulates too much. It is reasonable to conclude his plans would be more in line with current Republican initiatives than the present law passed by Democrats. That direction points toward fewer restrictions than are in place under Dodd-Frank. Certainly, Romney has said that the provisions for the largest banks should be replaced.Conservative analysts would say that these changes would not put the financial system at greater risk.However, the ad simply says Romney would roll back regulations on the institutions that contributed to the financial crisis. How much of a rollback is unclear, but Romney does support a lighter regulatory touch on banks, so we rate the statement Mostly True.
In late August 2020, readers inquired about a meme circulating on Facebook that claimed falsely that U.S. House Speaker Nancy Pelosi had rigged legislation to help her husband benefit financially from selling off property belonging to the U.S. Postal Service.   The meme's text reads: This is Paul Pelosi (aka, Nancys Husband). He owns Financial Leasing Services LLC, a San Francisco based Real Estate and Venture Capitalist Firm. His net worth is 120 million. Why is this important? His wife sits on the House Appropriations committee. This committee appropriates funds to the United States Postal Service ( and others). Why is this important? Easy. She passed a bill to sell off 9 billion dollars ( yes 9 BILLION WITH a [smile emoji] worth of FEDERALLY OWNED POST OFFICE PROPERTY AND AWARDED THE THE CONTRACT TO, none other, Financial Leasing Services LLC. Her husbands firm. Why is this important? The commissions rate was set at 9%. That is almost a 1 BILLION dollar contract. If thats not enough, lets look at the new stimulus package. Nancy wants 25 billion in the stimulus package for the postal service where only 1.25 billion goes to making sure voting ballots are legit. The other 23.5 billion is going to upgrading the facilities so they are more attractive to potential buyers for her husbands firm. Corrupt to the core. It's true that Speaker Pelosi's husband Paul Pelosi owns and operates Financial Leasing Services, a San Francisco-based investment company. Financial disclosures in 2018, the most recent available, show Speaker Pelosi's estimated net worth to be $114 million. owns estimated But Speaker Pelosi doesn't sit on the House Appropriations Committee. Her spokesman Drew Hammill told us by email she hasn't been on the committee since 2002. Furthermore, we found no evidence that a bill to sell off $9 billion-worth of federally-owned U.S. Postal Service property exists. doesn't sit It's true that the U.S. House of Representatives passed a bill that would, if signed into law, provide $25 billion to shore up the Postal Service and rectify delays in mail delivery service, but it doesn't allocate $1.25 billion toward "making sure voting ballots are legit." The funding was originally on the table during negotiations over a coronavirus stimulus package, but those negotiations broke down. Whether the stand-alone Postal Service funding bill will be signed into law by U.S. President Donald Trump seems unlikely. bill originally unlikely The meme seems to be a rehash of a similar one that dates back to 2013  except in that case the subject of the claim was Richard Blum, the husband of U.S. Sen. Diane Feinstein, D-Calif., who like Pelosi hails from San Francisco. similar one Mikkelson, David.  "Did Dianne Feinstein Get Her Husbands Company a USPS Contract?"   Snopes. 23 April 2013. Rayome, Alison DeNisco.  "What the New USPS Bill Means for the Next Stimulus Package."   CNET.  24 August 2020. Pramuk, Jacob.  "House Passes Bill to Put $25 Billion Into USPS and Reverse Changes Amid Uproar."   CNBC.  22 August 2020. Henney, Megan.  "How Much Money is Nancy Pelosi Worth?"   Yahoo! News.  17 July 2020. Wildermuth, John.  "Pelosi's Husband Prefers a Low Profile."   San Francisco Chronicle.  1 January 2007. In the summer of 2020, readers asked us to examine widely shared Facebook posts that claimed the Kroger supermarket chain was refusing to give customers cash change, and thereby overcharging them.  One widely shared post from July 9 stated that: post "Kroger will no longer keep coins in the drawer. Starting tomorrow. We will take them, but we can't give change. You can round up to the nearest dollar and donate it to the food bank, or round up and it goes onto your Kroger card as a credit. So it begins ..."   One week later, Facebook users began sharing a post that purported to describe a contentious transaction and conversation at a Kroger supermarket in Bourbonnais, Illinois. The post claimed that, in light of a coin shortage, Kroger was rounding up the price of items to the next dollar, where a customer pays in cash, and then refusing to give out change, thus effectively overcharging customers: users began sharing post ... Stopped by Kroger today for just a gallon of milk. Seems due to this "Change Shortage", their new policy is to round every cash purchase UP to the next full dollar! I can even accept if they insisted on they could not "give" any coin back.It cost $2.41. I offered $2.50 payment. The clerk refused the quarters, explained "due to change shortage" policy & demanded another dollar instead. I offered the $2.50 again.Clerk: "Your total is $3.00."Me: The total is $2.41, which $2.50 adequately covers & I don't care to give up the 9 cent, but I do NOT accept being up charged 60 cent while you refuse to take the coins I am offering.Clerk: it's $3.00 So literally the clerk was insisting I pay the $3 or they were refusing the sale. WTF ?!?...   A nationwide coin shortage did take place in the summer of 2020, contrary to a prevalent conspiracy theory that falsely claimed the crisis was fabricated or manufactured in order to usher in a cashless economy as part of a broader push towards a "New World Order." That conspiracy theory reared its head in the Kroger post, which included the line, "This is how being FORCED into a Cashless economy begins!" did take place conspiracy theory Remarkably, it is not clear what Kroger's company policy was with regard to providing cash change to customers, at the time the Bourbonnais Facebook post was originally published, in the early hours of July 16.  Initially, a spokesperson for the company provided Snopes a statement which asserted that, in light of the ongoing nationwide coin shortage, Kroger was offering customers the option of receiving the amount of their change in the form of loyalty card credit or rounding up their total and donating the remainder to charity, as well as the existing options of paying by credit or debit card, or paying by cash and getting cash change. The statement read: "We remain committed to providing our customers with an uplifting shopping experience and the freedom and flexibility to choose their payment method, including cash, during this unprecedented time. The Federal Reserve is experiencing a significant coin shortage across the U.S., resulting from fewer coins being exchanged and spent during the COVID-19 pandemic. Like many retailers and businesses, we are adjusting to the temporary shortage in several ways while still accepting cash. "Customers can switch their payment type (e.g., use debit or credit vs. cash), and through our upgraded technology, we can now load coin change to their loyalty card for use during the next shopping trip, provide coin change at a lane with coins available or round up their order to support The Kroger Co. Zero Hunger | Zero Waste Foundation, a public charity committed to creating communities free of hunger and waste." [Emphasis is added.] However, after this fact check was first published, we became aware of contradictory public statements attributed to Kroger earlier in July. In a July 15 article, KABC-TV reported that Kroger had "announced this week that they will not be returning coin change to customers who pay with cash." The article attributed the following statement to the company: KABC-TV "Currently our stores are collecting donations... by allowing customers to round up their order total to the next dollar... For customers that choose not to donate, our cashiers will load the coin value due back through their loyalty card. Customers can redeem the amount on their next transaction. We know this is an inconvenience for our customers and we appreciate their patience." That statement made no mention of the continued possibility of customers receiving their coin change as coin change, an omission which naturally indicates that Kroger policy at that time was to not provide customers with coin change.  On July 10, a named company spokesperson appears to have told another news outlet that Kroger policy was to no longer give out coin change. WXIX reported that: "Kroger spokesperson Erin Rofles confirmed Friday the grocer will no longer return coin change to customers. Instead, the remainders from cash transactions will be applied to customers loyalty cards and automatically used on their next purchase." WXIX We asked Kroger to explain these glaring discrepancies in the company's various public articulations of its policy on coin change. A spokesperson said that the statement initially provided to Snopes (which asserted that company policy was to give customers the option of receiving coin change) was "first issued on July 13," suggesting the company had been consistent in its messaging on the subject. We found the same wording in a series of tweets the company sent to a customer on July 14. Nevertheless, the company also told KABC-TV the opposite in an article published the following day.  tweets In one particularly egregious example of the confusion surrounding Kroger's articulation of its policy, on July 14 the company actually posted two different sets of tweets in response to the same customer's inquiries on Twitter. In one pair of tweets, Kroger told @bbaum17 that customers could either have their change loaded on to their loyalty card or donated to charity (no mention of coin change). In a second pair of tweets, Kroger told @bbaum17 that the company could accept a credit or debit card as payment, or load the customer's change on to their loyalty card, or have it donated to charity, or they could "provide coin change at a lane with coins available."  sets of tweets The company spokesperson suggested to Snopes that news articles reporting that Kroger was no longer giving out coin change might have been based on signs that have been erected inside Kroger supermarkets. The spokesperson provided the following example, which reads: ATTENTION CUSTOMERS:The Federal Reserve is currently experiencing a coin shortage. Please consider Rounding Up for Zero Hunger ZeroWaste, using exact change or another form of payment. We apologize for any inconvenience this maycause and appreciate your help.   A sign that apologizes to customers for the inconvenience associated with an ongoing nationwide coin shortage, suggests three ways to avoid the need to provide change, and omits to mention that customers can still get their change in coin form is very obviously likely to create the perception that Kroger no longer gives out coin change.  We asked Kroger for exact details on whether, when and how its policy on coin change had changed; as well as whether, when, and how those changes had been communicated to Kroger's regional divisions, in-store employees, and paying customers. We will update this fact check if we receive a response to those questions.  In its initial statement to Snopes, Kroger gave us the clear impression that its policy on coin change was unambiguous, made no mention of any existing confusion or misinformation over that policy, and made no mention whatsoever that the company and its spokespersons had previously made directly contradictory public statements about that policy.  In reality, Kroger and its spokespersons had indeed issued contradictory and confusing public statements, and had done so before the original "Bourbonnais" Facebook post was published in the early hours of July 16. As a result, we are changing the rating in this fact check from "false" to "Mixture." It's not entirely clear what took place at the Kroger supermarket in Bourbonnais, Illinois, specifically, but it appears to have been at least similar to the description in the widely shared Facebook post. A spokesperson for the company told Snopes:  "The associate who engaged with this customer was newly trained to the cashier role and misunderstood the various ways were adapting to the temporary national coin shortage. It is an isolated event, and weve since coached the associate and contacted the customer." This appears to be a tacit admission by the company that, in the specific instance highlighted in the Facebook post, the cashier did incorrectly insist on receiving $3 in cash for the milk, but that this was not in keeping with the company's policy, although as we outlined above, the company's public articulation of its policy on coin change has not been consistent. The image of a receipt that accompanied the viral Facebook post was dated July 15, and indicates that the customer in question paid $3 in cash for a $2.41 container of milk (after tax). A line in the receipt labelled "change shortage" had $0.59 next to it, and the "change" line had 0.00 next to it. That indicates that the customer did not receive cash change.  Shortly after midnight on July 16, a person who lives near Bourbonnais, whose name we are withholding because their original Facebook post was private, published what appears to be the original version of the subsequently widely shared post. (That original version of the post began "Stopped by Kroger today" while versions published later began "Stopped by Kroger yesterday," and the edit history of the post shows that a photograph of the receipt that showed the name of the cashier was replaced with a photograph showing the cashier's name obscured -- both signs that the post was published by the customer in question).  We contacted that person, whose identity we verified. In an email to Snopes, that person reiterated the version of events presented in the original Facebook post. The customer clarified that it was not possible to purchase the milk with a debit or credit card because the patron lives on "a cash basis." To complicate matters further, on July 22 a Facebook page with the name "KROGER-Bourbonnais" published responses to the viral post, explaining that the company was "currently allocating the remaining change that you would typically receive after your purchase to your Kroger Loyalty Card," but later wrote that "we are not rounding up ... it was just a mistake of [sic] a cashier." explaining later Those posts were not written by an authentic Kroger company account, a spokesperson told Snopes, adding "Our social media team isnt affiliated with it." Mac Guill, Dan. "Did a Nationwide US Coin Shortage Occur in Summer 2020?"
  Snopes.com.  8 July 2020. Grider, Geoffrey.  "Remember the Psy-Op Called the Great Toilet Paper Shortage? Now We Are Pretending There's a National Coin Shortage ..."
  NowTheEndBegins.com.  11 July 2020. Updated [23 July 2020]: Rating changed from "false" to "Mixture." Article substantially updated to include Kroger's previous, contradictory public articulations of its policy on coin change. In mid-July 2023, the Screen Actors Guild and American Federation of Television and Radio Artists (SAG-AFTRA), the union representing Hollywood actors and performers, voted to go on strike against major studios after negotiations broke down. voted A tweet by @KeatonPatti went viral on July 13, 2023, purporting to show a screenshot of a tweet and video in which O.J. Simpson appeared to show his support for the strike. The screenshot shows Simpson wearing a green shirt while standing in front of flowers. An overlaid caption quotes him as saying, "As a proud SAG member, I can't wait to join you all on the picket line." tweet The screenshot also indicates that Simpson tweeted from his official Twitter account, adding the words, "Union strong. #SAGStrike." Oh no. pic.twitter.com/Cbx0lXJ8w5 pic.twitter.com/Cbx0lXJ8w5  Keaton Patti (@KeatonPatti) July 13, 2023 July 13, 2023  However, the screenshot is fake. There is no evidence that Simpson issued such a tweet, nor that he made a video in which he expressed support for the guild strike. The writer Keaton Patti, who has previously written stories for humor sites like The Onion, likely shared this screenshot as a joke. Indeed, the replies to the tweet are largely joking about the impact the spectacle of the controversial figure joining the strikes would have. replies We went to Simpson's Twitter account, which primarily consists of videos of him sharing his views on a range of topics, but found no tweets in which he expressed support for the strike. The screenshot was likely created by editing a real screenshot from a July 11, 2023, tweet from Simpson titled, "Sports should be equal and fair," in which he shared his views on the inclusion of transgender athletes in sports. In that video, Simpson was shown sitting in front of the same flowers, with the same shirt on, with the camera at the same angle as the one in the manipulated screenshot, and the same reflection in his glasses. Twitter account July 11, 2023, (Screenshot via Twitter/TheRealOJ32)  Sports should be equal and fair. pic.twitter.com/efsqiDpd7k pic.twitter.com/efsqiDpd7k  O.J. Simpson (@TheRealOJ32) July 11, 2023 July 11, 2023  Simpson, a former professional football player, gained notoriety in the 1990s after a sensational trial in which he was acquitted of the murder of his estranged wife, Nicole Brown Simpson, and her friend, Ronald Goldman. In 2008, he was found guilty in a botched robbery and sentenced to more than three decades in prison, of which he served nine years. acquitted 2008 Simpson also produced andactedprofessionally, appearing in "The Naked Gun" movie series, among others. His finances fell under scrutiny upon his 2017 release from prison. Tom Scotto, his friend, told USA Today that Simpson received money from a SAG pension, in addition to his National Football League pension and his personal investments in a retirement fund. According to the Hollywood Reporter, Simpson's SAG pension was protected from the millions of dollars he owed to the families of Brown Simpson and Goldman, after they won a wrongful death lawsuit against him in 1997. acted USA Today Hollywood Reporter won Simpson's acting and producing credits entitled him to SAG membership and he appears to have a SAG pension as well, but the extent of his active participation in union activities and current status is unknown. Regardless, the above screenshot clearly does not show Simpson supporting the actor's strike, rather it was manufactured by altering a separate video and adding a fictional caption. As such, we rate this claim as False. Barco, Mandalit del. "Hollywood Actors Go on Strike, Say It's Time for Studio Execs to 'Wake Up.'" NPR, 13 July 2023. NPR, https://www.npr.org/2023/07/13/1187310535/hollywood-actors-strike-sag-aftra.Accessed 14 July 2023. Gardner, Eriq. "O.J. Simpson's Former Attorney F. Lee Bailey Gets Bad News About His SAG-AFTRA Pensions." The Hollywood Reporter, 4 Oct. 2017, https://www.hollywoodreporter.com/business/business-news/oj-simpsons-attorney-f-lee-bailey-gets-bad-news-his-sag-aftra-pensions-1045756/.Accessed 14 July 2023. News, A. B. C. "26 Years Ago, OJ Simpson Was Acquitted: Timeline of His Life and the Sensational Trial." ABC News, https://abcnews.go.com/US/key-moments-oj-simpsons-life/story?id=48724637. Accessed 14 July 2023. "O.J. Simpson | Actor, Producer." IMDb, https://www.imdb.com/name/nm0001740/. Accessed 14 July 2023. "O.J. Simpson Acquitted." HISTORY, https://www.history.com/this-day-in-history/o-j-simpson-acquitted. Accessed 14 July 2023. Peter, Josh. "O.J. Simpson's Finances Will Be Closely Watched If Paroled." USA TODAY, https://www.usatoday.com/story/sports/2017/07/19/o-j-simpsons-finances-closely-watched-if-paroled/493639001/. Accessed 14 July 2023. Vercammen, Paul. "O.J. Simpson to Focus on 'friends, Family and Golf,' Live in Gated Community after Release." CNN, 29 Sept. 2017, https://www.cnn.com/2017/09/29/us/o-j-simpson-parole-release-road-to-freedom/index.html.Accessed 14 July 2023. Republicans primary objection to the COVID-19 and economic stimulus bill making its way through Congress is that it spends relatively little on the disease itself. In a speech on the Senate floor, Minority Leader Mitch McConnell said the $1.9 trillion package known as theAmerican Rescue Planwas loaded with pet projects that had nothing to do with the pandemic or economic recovery. All kinds of liberal wish list items that would do nothing to help American families put COVID behind them, McConnell saidFeb. 24. Just about 1% of the money is for vaccines. McConnells focus on 1% for vaccines caught our attention. His staff said he drew on the words of the Democrats themselves when they unveiled a key section of the sweeping bill. The chair of the House Energy and Commerce Committee, Rep. Frank Pallone, D-N.J., highlighted a handful of items in the packagein a news release, including $14 billion for vaccines, $46 billion for testing, contact tracing, and mitigation, and $25 billion to reduce health disparities across the country. The nonpartisanCongressional Budget Officeand theCommittee for a Responsible Federal Budgetuse the $14 billion figure. However, there are different ways to add up the numbers. The same Democratic-controlled committee that provided the $14 billion figure came out a few days later with a factsheet thatuses an amountof $20 billion. And they note theres an additional $5 billion for advanced vaccine development. The different totals depend on what counts as vaccine spending. The lower figure in the first Democratic press release included only work at the CDC, the FDA, and ensuring a reliable supply chain to produce and administer the vaccine. The higher Democratic tally included other activities, such as sequencing the genome of virus variants and paying for health care workers to administer the vaccine. How much does this matter? In percentage terms, not that much. Even a total of $25 billion still amounts to just over 1% of the bills estimated price tag. Thats because the overall package includes big ticket items such as$422 billionin stimulus checks to individuals, $350 billion for state and local governments, and$242 billionfor expanded unemployment benefits. But in terms of dollars, theres a big difference between $14 billion and $20 billion or $25 billion. The point is, its possible to use percentages to make an amount appear small, and actual dollars to make the same amount look substantial. The most heated debate in Congress centers on how the American Rescue Plan deals with the economic damage of the pandemic. McConnells claim has more to do with the money aimed most directly at the virus and pandemic itself. In that vein, focussing strictly on vaccines leaves out a lot of the picture. The biggest overlooked piece is $46 billion for testing and other surveillance work. That work is as important as any other, said Amesh Adalja at the Johns Hopkins Center for Health Security. Better surveillance helps target vaccine distribution to certain states or communities, and is part of spotting virus mutations to improve the next generation of vaccines. There is a continuum and integration between all response activities, Adajla said. Those include testing, tracing, isolating and vaccinating. Vaccines have to make their way into peoples arms, and the legislation funds several programs to support that work, including $7.6 billion to hire 100,000 community health workers. We found different ways to add up all the spending tied directly to COVID-19. On the low end, the total is about$100 billion. On the high end, theWhite Housesays it is $160 billion, which adds items such as$10 billionin medical supplies, $24 billion in child care for health care and other essential workers, and literally dozens of smaller amounts. Depending on which line items you include, the legislation would spend anywhere from 4.5% to 8.5% of the total cost directly on the pandemics health aspects. McConnell said that in the American Rescue Plan, just about 1% of the money is for vaccines. Based on Democratic figures of either $14 billion or $20 billion for vaccines, and a $1.9 trillion overall price tag, the math is about right. The American Rescue Plan spends much more on the financial damage caused by the virus than on its health aspects alone, and McConnell picked a way to minimize the health-related spending. The statistic omits a much greater amount of spending on overall efforts to contain the pandemic. That ranges from about $100 billion to $160 billion, or between 5% and 8% of the bills total cost. His statement is accurate, but needs additional information. Thats our definition of Mostly True. In September 2020, readers asked Snopes to examine the accuracy of news reports and social media posts that claimed the department store chain Kohl's was launching a line of clothing themed around the movement against racial injustice and police brutality known as Black Lives Matter (BLM). On Sept. 9, 2020, the website Shore News Network published an article with the headline "Kohl's Stores Announce New Line of Black Lives Matter Clothing," which reported that: article "Kohls Department Stores, which operates Jersey Shore-based box stores has announced a new line of Black Lives Matter and equality based t-shirts that will be available for purchase in select Kohls department stores. The shirts will be available on September 21st." On Sept. 16, 2020, Twitter user @ElizabethKlave3 posted a widely shared tweet that read:  tweet "I just called Kohl's and they confirmed that they will be selling BLM merchandise. I asked them if they were going to sell back the blue and they said no not at this time. This is a shame and they will no longer have me as a customer."   Those claims contained a mixture of truth and falsehood. Kohl's did announce, on Sept. 7, 2020, that it had collaborated with a local business near the company's headquarters in Milwaukee, Wisconsin, to produce "a line of tees for the whole family to support racial equality": announce "We've partnered with Cream City Print Lounge, a Milwaukee-area Black-owned business, to create a line of tees for the whole family to support racial equality. Mark your calendars for 9/21 to shop the line in select stores and at Kohls.com. With this launch, Kohl's is proud to donate $100,000 to the The National Urban League, which strengthens economic empowerment, equity and civil rights."   The T-shirts themselves do not appear to feature the words "Black Lives Matter" or "BLM." A spokesperson for Kohl's told Snopes the clothing would not feature the name of the movement itself and clarified, "The collection is not affiliated with the Black Lives Matter organization." Photographs of some of the T-shirts being printed, which were posted on Facebook by local reporter Cassidy Williams, featured the slogans "Black culture is not a trend" and "Racism is not cool" as well as the raised fist symbol, which has been used as a symbol of "unity and solidarity", the BLM movement, and as a symbol of "Black power." posted unity and solidarity BLM Black power The T-shirt shown in the Kohl's announcement on Sept. 7 also featured the same "raised fist" symbol with the words "Justice, Respect, Change." On Facebook, Cream City Print Lounge advertised a launch party for its collaboration with Kohl's, and the graphic for the event featured T-shirts bearing the slogans "Black culture is not a trend," "Together we can create change," "Peace, love, equality," and the raised fist with "Justice, Respect, Change"  but again, rather conspicuously, no T-shirts bearing the name "Black Lives Matter" or "BLM." graphic As a result, it's hard to argue that it would be more accurate to describe the forthcoming Kohl's line as "BLM T-shirts," rather than "T-shirts advocating racial equality." Anti-racism is not synonymous with the BLM movement, and vice versa, just as anti-racist rhetoric and symbolism should not be conflated with, or reduced to, the slogan "Black Lives Matter." And in this case, the company happens to have made that distinction explicit.  Furthermore, the political and social atmosphere that prevailed in the United States in the autumn of 2020 was one of intense and widespread division surrounding acts of police violence towards Black people and resulting protests. The BLM movement, in general, and the Black Lives Matter Global Network in particular, were the subject of a great deal of criticism, especially among right-leaning observers and supporters of U.S. President Donald Trump. So the distinction between "BLM T-shirts" and "T-shirts advocating racial equality" could hardly have been more substantive.  Nonetheless, the description of the T-shirts as "BLM merchandise" was clearly not arbitrary, and obvious areas of overlap existed between the principles and messages advocated by the broader BLM movement, on the one hand, and the collaboration between Kohl's and Cream City Print Lounge. So the mistake was an understandable one, but a significant mistake all the same. We issue a rating of "Mixture." Shore News Network. "Kohl's Stores Announce New Line of Black Lives Matter Clothing."
 9 September 2020. On 7 July 2016, a photograph purportedly showing Alton Sterling and two of his children holding guns was posted to the "White Rights" section of Reddit. There is no evidence, however, that the man pictured in this image is the same man who was shot and killed by police officers in Baton Rouge.  The image displayed above has been circulating since at least 2010 (a time stamp on the image shows it was taken even earlier in 2007) when it was posted to comedian Dan Goodman's "Ghetto MySpace" web, where it was accompanied by several other images of this family: Ghetto MySpace     A few of these photographs have also been featured on "Parenting Fails" lists. While Goodman did not provide an exact source for the images displayed here, the pictures from "Ghetto Myspace" were purportedly culled from real MySpace profiles: Parenting Fails GhettoMyspace.net, recently featured on Tosh.0, Bossip.com, and Death and Taxes Mag, is a site dedicated to real photos from peoples myspace profiles. On this site you will find kids with guns, drug dealing, ghetto booty, hood funerals, and in general people having a great time. May we all have as much fun as the people in the pictures. Goodman removed the post containing these images from Ghettomyspace.net shortly after this article was published. He explained the decision in an email, writing that he wanted "zero association" with the community claiming that the images showed Alton Sterling: I've deleted the post. I want zero association with that community. I'm saddened anyone would use these pictures in how i'm guessing they're using them. I don't think it's him and furthermore if you look closely all the guns in the picture are Airsoft guns and not the real thing. Ghettomyspace was always meant to be funny and more commentary on the crazy stuff people share on social media and the gun culture, and at the time the social divide that was happening in 2010 when some people were only on myspace and some were only on facebook. There is no evidence that this image is of Alton Sterling (it bears little more than a passing resemblance to later photographs of him) or that it came from Sterling's MySpace profile: A thread authored by the Twitter account "Capitol Hunters" went viral in December 2022 when it alleged that billionaire Elon Musk lied about his educational background, specifically regarding a bachelor of arts degree in physics from the University of Pennsylvania, as well as his claim of attending, briefly, a Ph.D. program at Stanford. This article explores the controversy around the physics degree. thread Elon Musk  In early biographies, Musk stated he received degrees in economics and physics from the University of Pennsylvania in 1995. In a 2002 SEC filing for the company PayPal, for example, Musk provided this information regarding his educational and professional background: 2002 SEC filing PayPal Mr. Musk co-founded Zip2 Corp. in 1995 where he worked in a number of roles including Chairman, CEO and CTO from 1995 to February 1999. Mr. Musk received a B.S. in Physics from the University of Pennsylvania and a B.S. in Economics from The Wharton School of the University of Pennsylvania in 1995. In a 2007 lawsuit alleging that Musk stole business secrets, internet advertising entrepreneur John O'Reilly sued Musk over allegedly false statements Musk made to secure a business meeting with him in 1995. In that filing, O'Reilly claimed: 2007 lawsuit Musk has falsely claimed to have a degree in Physics from the University of Pennsylvania that he obtained in 1995, when in fact he has no such degree and the only degree he holds was obtained later than that. Upon information and belief, Musk's only known undergraduate degree is a Bachelor's of Science in Economics, obtained from the University of Pennsylvania in 1997. The suit, which ended with a ruling in Musk's favor, entered into the public record copies of Musk's diplomas. These documents were then used in a 2009 lawsuit filed by Tesla founder Martin Eberhard, who accused Musk of "taking control of the company [Tesla], orchestrating his ouster in 2007 and attempting to 'rewrite history' to take credit for developing the pioneering electric Roadster the two men worked together to create." a ruling The case was settled out of court, but Musk spoke about his academic background during a deposition compelled by this case. Musk, in that instance, equivocated about the timing of when he actually received these degrees. out of court Q. Okay. So you received a B.S. in Computational Physics from Penn?Musk: Yeah. [] Musk: Actually, I should be clear about that. So, I obtained the one Graduate degree in Business and Physics but [had] an agreement with the.. University of Pennsylvania. They said that I could have.. I could complete the English and History credit when I was no longer a student at Stanford. So they would delay transmitting the degree until I had done that." This explanation also comes up in an early edition of a biography of Musk written by reporter Ashlee Vance. Vance was unable to confirm the specific academic timeline in Musk's early biographies. In an appendix, however, Vance explained his research on the topic and included Musk's explanation for the discrepancy in dates and degrees : an appendix While playing detective, O'Reilly unearthed some information about Musk's past that's arguably more interesting than the allegations in the lawsuit. He found that the University of Pennsylvania granted Musk's degrees in 1997two years later than what Musk has cited. I called Penn's registrar and verified these findings. Copies of Musk's records show that he received a dual degree in economics and physics in May 1997. Musk  had an explanation for the weird timing on his degrees from Penn. "I had a History and an English credit that I agreed with Penn that I would do at Stanford," he said. "Then I put Stanford on deferment. Later, Penn's requirements changed so that you don't need the English and History credit. So then they awarded me the degree in '97 when it was clear I was not going to go to grad school, and their requirement was no longer there." "I finished everything that was needed for a Wharton degree in '94. They'd actually mailed me a Wharton degree. I decided to spend another year and finished the physics degree, but then there was that History and English credit thing. I was only reminded about the History and English thing when I tried to get an H-1B visa and called the school to get a copy of my graduation certificate, and they said I hadn't graduated. Then they looked into the new requirements, and said it was fine." The explanations for the delay in degree granting are not entirely consistent, the Capitol Hunters Twitter account noted, and that account has also called into question the existence of the "new requirements" regarding History and English that would have facilitated Musk's being granted a degree after the fact. noted Another area of controversy concerns the appearance and nature of the physics degree, specifically. Certificates of both a Penn economics degree and an alleged physics degree are included in documents filed as part of the O'Reilly and Eberhard lawsuits. While the economics diploma filed as evidence specifically indicates the academic discipline, name, and other details involved in the degree, the physics diploma appears to be a largely blank diploma and indicates no specific concentration: documents    (@CapitolHunters) The University of Pennsylvania Department of Physics and Astronomy does describe Musk as an alumnus. In 2009  the same year the dispute with Eberhard was litigated  Musk gave Penn's Center for Particle Cosmology a "generous endowment" allowing for an annual "Elon Musk Public Lecture": generous endowment The Elon Musk Public Lecture is made possible through a generous endowment gifted to the Center for Particle Cosmology in 2009 - its inaugural year. Mr. Musk is an alumnus of the Department of Physics and Astronomy at Penn, and a proud advocate for the preparation that a physics education provides in many different careers. In 2019, Aaron Greenspan, owner of the legal website Plainsite, as well as a frequent critic of, and litigant against, Elon Musk, asked Penn for a statement on Musk's degrees. In response, the university's public affairs office stated that: critic response Elon Musk earned a B.A. in physics and a B.S. in economics (concentrations: finance and entrepreneurial management) from the University of Pennsylvania. The degrees were awarded on May 19, 1997. The University of Pennsylvania considers Musk to be a graduate of both the economics department and the physics department. Musk's past statements about his educational background, however, have been, at best, imprecise. He has claimed on several occasions to have received a physics degree in 1995  a claim that was never fully true but which may have aided Musk's early business career.  APPENDIX 1 - Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future (2017). https://publicism.info/biography/elon_musk/14.html. Accessed 21 Dec. 2022. CapitolHunters. "Someone Has to Say It: Elon Musk Has Lied for 27 Years about His Credentials." Twitter, https://twitter.com/capitolhunters/status/1593307541932474368. Accessed 21 Dec. 2022. Martin Eberhard v Elon Musk et Al. https://www.plainsite.org/dockets/3cberzj42/superior-court-of-california-county-of-san-mateo/martin-eberhard-v-elon-musk-et-al/. Accessed 21 Dec. 2022. "O'REILLY v. MUSK | No. H034863. | 20100928061 | Leagle.Com." Leagle, https://www.leagle.com/decision/incaco20100928061. Accessed 21 Dec. 2022. O'Reilly v. Musk, No. H035288 | Casetext Search + Citator. https://casetext.com/case/oreilly-v-musk-1. Accessed 21 Dec. 2022. Tesla Investor Latest To Sue Elon Musk For Libel By Tweet - Law360. https://www.law360.com/articles/1275973/tesla-investor-latest-to-sue-elon-musk-for-libel-by-tweet. Accessed 21 Dec. 2022. Yarow, Jay. "Tesla Settles Lawsuit--Everyone Is A Founder." Business Insider, https://www.businessinsider.com/tesla-founders-end-bitter-legal-fight-2009-9. Accessed 21 Dec. 2022. https://www.plainsite.org/documents/tbdmox/2019-email-from-the-university-of-pennsylvania-confirming-elon-musks-physics-degree/. Accessed 21 Dec. 2022. On 15 January 2016, Lisa and John Robinson stepped forward as buyers of oneof the $1.6 billion Powerball lottery's three winning tickets: Powerball John Robinson and his wife Lisa bought four tickets at Naifeh's Food Mart, a grocery store one block from their home in Munford, Tennessee, at 6:56 p.m. on Wednesday night. Robinson, a father of two, said he bought the four tickets as he always does to represent the four members of their family, with the computer choosing the winning numbers of 04, 08, 19, 27, 34 and Powerball 10. Shortly after the identity of the winner was revealed, a fake message started circulating, which claimed that the Robinsonswere giving money away to random people on Facebook. As withprevious messages featuring Mark Zuckerbergand Eminem, these Facebook messages are a hoax. John and Lisa Robinson are not giving away money to people who like, share, or comment on a Facebook post. Mark Zuckerberg Eminem It appears that the message originated on the fake news web siteDaily Media Buzz. In addition to creating the fake message,DMBalso created fake Facebook comments to make it seem like some random people had received money for John and Lisa:   A fake web site, johnandlisagiveback.com,was also started in an attempt to legitimize this hoax. These "something for nothing" hoaxesare common on Facebook. While they employ different methods in an attempt to spread on social media (some request likes, some request comments, some even display fake countdowns to give the hoax a sense of urgency), they all have one thing in common: They are potentially opening up the social media user to malware or advertising scams (as this particular one increasingly appears to be) and they don't result in cash windfalls. Facebook one Supporters of a California ballot measure that would remove some of Proposition 13s tax protections say claims shared thousands of times on Facebook and other social media platforms have distorted their initiative. The campaign for theCalifornia Schools and Local Communities Funding Act of 2020, also known as the split-roll measure,is still gathering signatures to qualify for the November ballot. It is backed by a group of union and social justice organizations. If approved by voters, the measure would hike taxes on factories, stores and other commercial and industrial real estate by requiring they pay property tax based on current market value rather than the value of the property when it was purchased. It would raise an estimated $7.5 billion to $12 billion annually, according to ananalysisby the nonpartisan Legislative Analysts Office. The money would be distributed to schools and local governments. The proposed ballot measure, however, would not touch tax protections for homeowners. Yet many claims on social media suggest the initiative would repeal all parts of Prop. 13, stoking concerns that residential property taxes could spike. Heres one example posted on Facebook Dec. 31, 2019:  A similar Facebook postby Bakersfield Tuff, a media company focused on racing and rodeo, was shared more than 2,200 times. Others have appeared on the platforms Next Door and We Chat, according to the campaign for the initiative. Do these claims distort the truth? We set out on a fact check to find out. Background on Prop. 13 In 1978, voters approved Prop. 13, which slashed property taxes and limited how much they could go up. It also tied tax rates to a propertys purchase price, rather than to the fluctuations of Californias real estate market, ensuring homeowners greater financial stability. The lawremains popularamong homeowners and business groups, who argue it allows neighborhoods to stay intact and older residents on fixed-incomes to remain in their homes rather than being forced out by high tax bills. Groups such asCalifornians to Stop Higher Property Taxeshave warned that removing Prop. 13s commercial tax protections will lead companies to pass along any increased tax burden to consumers. Critics of Prop. 13, on the other hand, say the law has cut too deeply into the foundation of tax revenue for local governments. Social Media Claims Completely False The campaign spearheading the November ballot measure contacted PolitiFact about the social media claims. They are completely false, said Alex Stack, spokesperson for theinitiative. It would completely protect and exempt all residential property, that means homeowners, renters and seniors. Thats backed up by the initiatives officialtitle and summaryprepared by the Attorney Generals office. That document says the measure exempts residential properties; agricultural properties; and owners of commercial and industrial properties with combined value of $3 million or less. California Attorney General Xavier Becerra (AP Photo/Rich Pedroncelli) Becerra's Role The social media posts claimed Becerra was putting together plans to eliminate Prop. 13. Theres no evidence to substantiate that. Becerra and others attorneys general, however, have been criticized for drafting misleading ballot measure titles and summaries. For example,Becerra wasaccused of giving an earlier version of this measure a friendly write-up. But attorneys general do not initiate ballot measures. A spokesperson for Becerra declined to directly address the social media posts. Wesley Hussey, a political science professor at Sacramento State University, said the claim about Becerra planning to repeal Prop. 13 is clearly wrong and described the rest of the information as cleverly fuzzy. Its very intelligently written, he said of the posts, suggesting they may have originated with a political operative. Only one or two spots are wrong. A lot is political opinion. Theres no doubting the ballot measures significance, Hussey added. It would be a dramatic revision to Prop. 13. If passed, it would be by far the biggest change weve seen since voters approved the law, he said. Keith Smith is a political science professor at the University of the Pacific in Stockton, where he studies elections and voting behavior. He agreed the claim about Becerra was technically wrong. But given that the initiative represents a big change to Prop. 13, some voters may see it as a gateway to repealing the measure altogether. Asked if social media posts were accurate, he replied: It depends on your perspective. Is [Prop. 13] going away? No, its not going away. Is [the ballot measure] proposing to do away with some aspect of Prop. 13 that currently exists? Yes. The claims published on Facebook and other sites, Smith explained, could be more convincing to voters than any details in the ballot measure. Earlier this month,ABC 10 Sacramento examined similar claimsand found theres no effort to eliminate Prop. 13. Adding to the confusion about the proposed November ballot measure, theres a voter initiative on Californias March primary ballot calledProposition 13, the School and College Facilities Bond. But it has nothing to do with the landmark measure of the same name passed four decades ago. A spokesman for the California Secretary of States Office said that the numbers assigned to propositions are reused through the years, sometimes leading to duplicates. Our Ruling Social media posts claimed a November ballot measure would repeal Californias Prop. 13, and that Attorney General Becerra is putting together plans to eliminate the historic law. The proposed measure would undo Prop. 13s tax protections for commercial and industrial properties with a value over $3 million. It would be a major change to the law. But homeowners, small businesses and agricultural properties would not lose their Prop. 13 tax safeguards. Thats spelled out in the measures official statetitle and summary document. While Becerras office writes the legal titles and summaries for voter initiatives, the attorney general does not put forward ballot measures. Theres no evidence Becerra is trying to eliminate Prop. 13. In the end, the social media posts capture the real concern about potential changes to Prop. 13, but they also greatly misrepresent the specific changes the November ballot measure would make to it. We rate their claims about repealing Prop. 13 as False. FALSEThe statement is not accurate. Click here formoreon the six PolitiFact ratings and how we select facts to check. Read more about Prop. 13, its history and efforts to change it in'The Block That Prop. 13 Built,' a collaboration between CapRadio, CALmattersand public radio stations across California. Email us at[email protected]with feedback or contact us onTwitterorFacebook. Also, were starting a new project calledAsk PolitiFact California.Is there something in California government or politics that we should fact-check next? Send us a question, and one of our reporters and fact-checkers might reach out to find the answer. In early May 2020, Facebook users reported seeing a headline circulating on the social platform stating, "Pelosi To Seniors: 'You Are Not Entitled to Social Security! It's Gone!'" The story was published on the website BIZ News. website The story contained a number of sensational and false statements such as, "Socialist politicians in the Democratic Party have tried for years to eliminate Social Security, a source of income relied upon by millions in this country just to get by in their old age." While the story didn't actually contain the quote in the headline above, the copy did include an Ebenezer Scrooge-like statement falsely attributed to U.S. House Speaker Nancy Pelosi:To be clear, no record exists that Pelosi made this remark or the quoted remark in the BIZ News headline. However, a similar, also-fake quote about Social Security that was attributed to Pelosi circulated in April 2020.  similar,  This item is nothing more than an example of junk news. We therefore rate this claim  Speaker.gov."Pelosi Statement on 84th Anniversary of Social Security."
14 August 2019.