🔵 Klaus Schwab Under Investigation

Author

Citizen Frank
April 23, 2025

Good evening. It’s Tuesday, April 22.

 

One day after it was reported that World Economic Forum founder Klaus Schwab, 88, resigned after Chairman after 55 years, the WSJ reports that Schwab is under investigation by the organization he created after a whistleblower alleged financial and ethical misconduct by Mr. “eat the bugs” and his wife.

In an anonymous letter from sent to the board of directors by ‘current and former Forum employees,’ Schwab and his wife are accused of commingling their personal affairs with WEF resources without proper oversight, and much more.

Among the most serious allegations:

Schwab asked junior employees to withdraw thousands of dollars from ATMs on his behalf and used Forum funds to pay for private, in-room massages at hotels.

Tesla CEO Elon Musk began his company’s earnings call on Tuesday by saying that his time spent running President Donald Trump’s Department of Government Efficiency will drop “significantly” starting in May.

Musk, who has watched Tesla’s stock tumble by more than 40% this year, said he’ll continue to support the president with DOGE “to make sure that the waste and fraud that we stop does not come roaring back.”

After spending almost $300 million in the 2024 campaign to help return Trump to the White House, Musk created DOGE and joined the administration with a mission to drastically reduce the size and capability of the federal government.

In a huge development, President Vladimir Putin has offered to halt his invasion of Ukraine across the current front line as part of ongoing efforts to work with US President Donald Trump toward reaching a permanent peace deal. This reportedly happened during ongoing dialogue with Trump’s top envoys.

This is according to several sources which spoke to Financial Times, which wrote further in a Tuesday report, “The proposal is the first formal indication Putin has given since the war’s early months three years ago that Russia could step back from its maximalist demands to end the invasion.”

“The Russian president told Steve Witkoff, Trump’s special envoy, during a meeting in St Petersburg earlier this month that Moscow could relinquish its claims to areas of four partly occupied Ukrainian regions that remain under Kyiv’s control, three of the people said,” FT continues.

The Trump administration is exploring ways to address America’s demographic crisis.

According to a report from The New York Times, Trump aides are considering a range of proposals designed to encourage families to have more children.

One idea involves reserving 30 percent of Fulbright scholarships — a prestigious, government-funded international fellowship — for applicants who are married or have children.

President Donald Trump said he had “no intention of firing” Federal Reserve Chair Jerome Powell on Tuesday.

The message is a stark change from just a day earlier, when Trump called Powell a “major loser” in a Truth Social post and hinted that he would fire him.

Trump has recently kept the pressure on Powell to lower interest rates – an action the Fed chair recently said he would not rush or take lightly. Trump nominated Powell as Fed chair in 2017 but has butted heads with him ever since.

A federal jury in Manhattan on Tuesday found the New York Times not liable for allegedly defaming Sarah Palin in a 2017 editorial about gun control, dealing the former Republican vice presidential candidate a second loss at trial.

The verdict came in a retrial of Palin’s case, after a federal appeals court threw out a 2022 verdict in the Times’ favor. Palin, 61, who also served as Alaska’s governor, sued the newspaper and former editorial page editor James Bennet over a June 14, 2017, article that wrongly suggested she may have incited a January 2011 mass shooting in an Arizona parking lot.

Six people were killed and Democrat Rep. Gabby Giffords was seriously wounded in the attack.

Colombian President Gustavo Petro is seemingly no longer welcome in the United States.

Petro, a former member of the 19th of April Movement guerrilla group and Colombia’s first leftist president, claimed the Trump administration revoked his visa to attend meetings of the International Monetary Fund and the World Bank.

He is instead be replaced by the Minister of Finance Germán Avila, who is in Washington, D.C. this week.

Downing Street has said that British Prime Minister Sir Keir Starmer no longer believes that so-called “transgender women” are actually women in the wake of a Supreme Court ruling confirming the nature of biological reality.

Last week, Britain’s top court found that “the concept of sex is binary, a person is either a woman or a man,” meaning that supposedly transgender individuals will be prohibited from using single-sex spaces like female-only changing rooms or bathrooms. The ruling will also likely bar biological males from competing in women’s sports.

While Prime Minister Starmer has previously struggled with the concept of binary genders, asked whether he still believed that a trans woman was a woman, a Downing Street spokesman told The Times this week: “No”.

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