Trump Civil Trial, Genocide Case Against Israel, A New Way to Invest in Bitcoin
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We're in the studio. This is amazing. A Martinez were in the same first time ever. It's incredible in the same studio we have host together.

I don't know how many time. It's like dream girls, one night only, one night only.

Former president truman said he gave his own closing argument in a civil trial.

Now the moment has arrived. He will not, but lawyers will argue the case of inflated real state values, how this fit with other cases .

against him and Steve Martinez. And this is up first from N P R. South africa brought a case against israel at the international court of justice, and court proceedings begin today. What would IT take to prove the allegation of genocide against palestinians and who would hold israel accountable?

Also, federal regulators approve some investment funds that are based on bitcoin. Cyp to currency is pretty famous for grifters and scams. Now the S A. Certain exchange traded funds meet its standards. Could that draw more .

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york's state and for a former president down on trump present closing arguments today in the trial involving his business practice.

Trump had initially said he wanted to argue on his on behalf in court today. What we're now expecting is a little less dramatic than that mp rs.

Andrew bernstein has been covering the case under so which of his many court cases as this one.

This is the case where the new york community general says trump made hundreds of millions of dollars by repeatedly lying about the value of his properties like his trip legs in trump tower, which he claimed was worth three times as because IT actually was about three hundred million dollars more than that actually was worth. This is important because banks and insurance companies made financial decisions based on these false statements.

Even before testimony began, the judge ruled that trump had committed persistent and repeated fraud. So think about that. We have the leading candidate for the republican presidential nomination who a judge has found lied over and over to illicit profit. So what's on .

the line today?

So there are six more causes of action to be decided. They involve conspiracy, insurance fraud and falsifying documents. The eternity general says trump made three hundred and seventy million dollars more than he should have because he lied, and then he owes that back to the number actually went up after the trial testimony from two hundred and fifty million. And the new ark ag wants truck permanently banned from doing business in new york and for his older son's don jure and eri C2Be bar red for fiv e yea rs, but transfer wyers say no one was harmed with the banks made out and that the eg. Improver case.

okay, trump was supposed at least planning to give his own arguments what happened to them.

So we've been through this a few times already in this trial in an email chain released by the court yesterday, trust lawyers said he'd be making our humans on his own behalf. The ag objected, and the judge said, that's not really the Normal course of business.

But okay, truth can speak if he sticks to the same rules as his lawyers making legal arguments, not disparage ging people are making a political speech and travel wyers said, nope, we don't agree. So the judge said, no dice after that translated wyers alena hobo said, is anyone surprised anymore? That's a statement. They can work on a lot of levels as now we don't expect trump today. He was an IO last night at a town hall, but we expect a day of arguments followed .

by a verdict in the next few weeks, trial in new york next week.

So that is the second demotion case brought by writer egan Carol. Last spring, a jury found trump had sexually assaulted her and then defame her and awarded her five billion dollars. There were two major incidents of deformation and two cases that was the second case, which for complex legal reasons, was the first to go to trial.

This trial, starting monday, is for the first instance of defamation when trump, as presidents said, quote, she's not my type and as the judges in the case put IT this week, quote, the fact that mr. Trump sexually abused, indeed raped me. Carol has been conclusively established.

So the only issue is how much money trump owes her. It's expected IT could be tens of millions of dollars more since the first instance of deformation is the one that really affected her reputation. So we could also see a verdict in that case sometime this month.

Thank you. That's M, P, R, S. And your burnt time.

thanks. Thank you. One another note about the former president. He has few arrivals for the republican. Sidenote, ominous crisis I drop out yesterday endorsed none of trumps other opponents. Cristie had been far more vocal than others in calling trump unfit for office.

We're folding the court proceeding today at the hague in the netherlands. That city is home to the international court of justice.

part of the united nations, and that's where south africa brought a case against israel alleging genocide against palestinians. The filing asked the court to order to stop to the war in gaza as a previsional measure. While IT decides the case.

hampi rob schmied is covering the case. Joints is now from berlin. Let's start with what south africa is alleging in this case. What evidence says IT present for israel committing genocide?

Yes, south africa five and eighty four page application of the court and IT writes that israel has engaged in and failed to prevent or to punish acts and measures which are genocidal, constituting flag grant violations of israel's obligations under numerous articles of the convention on the prevention and punishment of the crime of genocide. And that would include, according to the south africa killing palestinians in gaza, including a large proportion of women and children, which he estimates to account for around seventy percent of the more than twenty three thousand fatalities, according to the cause of health ministry, israel's military response followed the human attack on october seventh, which killed twelve hundred. According israel, south africa also accuses israel causing the force evacuation and displacement around eighty five percent of palestinians, and as well as causing the wide scale destruction of homes, villages in refugee camps in gaza, preventing a significant proportion of the palace inie people from returning to their homes .

when IT comes to a charge of genocide. Rob, what's the bird approve?

Yeah from legal experts i'm speaking to, it's going to be difficult to prove and that's because the legal definition of genocide depends on proving intent. I spoke with gladder hernan's, a professor international law at levan university in belgium, who is also the president of the european society international law. Here's what he said.

Genocide is not a crime that just exist by virtual an act. There is specific content that must be proven. You must prove the desire to exterminate a group by reason of one of the characteristics, race, religion, nationality. Israel's strongest defense is likely to be to suggest that the evidence does not established intention on the part of israel or its organs to commit genocide.

And hanna says that even if some of israel acts against gazza, might be prohibited under international laws that deal with armed conflict, they may not constitute genocide because israel will likely say they're taking himself defence, and international law does allow a state to defend itself.

What israel saying about this .

yesterday in a press conference with U. S. Secretary state antony blink in israel's president isa kozak said this, there's nothing more crucial and proposers than this plan. Actually our enemies, the hamas charter, call for the disruption and animation of the state of israel, the only nation state of the joyce people, and herzen also appointed out that the convention against genocide was enacted by the international community after the modern history's defining active genocide, which was committed against the jewish people.

Are you? So what happens today and what happens after?

So the court will hear south africa's case today and then israel's case tomorrow. A ruling may not come for years. What may happen within weeks or months, though, is that the court could issue a provisional ruling similar to an emergency injunction. So, for example, the court might direct israel to refrain from its attacks on gaza, anything that would aggravate this dispute. But another legal scholar I spoke to told me that enforcing this is really difficult, and israel could very well ignore IT states typically only comply with courteous provisional rulings.

around half of all cases at mp R S. Rob chmidd, join us from berlin. Rob, thanks. Thank you.

Cyp to currency has attracted mini scams and grifters, but has also now want some approval .

from regulator. Yeah, the U. S. Government just gave the Green light to a bitcoin.

E T F. E, T F. That's a new kind of crypto currency investment fund that abuse today.

M P. R, David gura joins us. Now, David, bitcoin etf. The etf stands for exchange traded funds. What is IT?

So basically, this is a way for people to invest in bitcoin, of course, the world's oldest and most popular crypto currency, without having to own any actual bitcoin to stay with me here, exchange traded funds, or E T. After very popular. This is a seven trillion dollar industry.

A lot of people have them in their portfolios. And in general, what they do a is track common investments like stocks and bonds. But the ones that just got clearance, these new etps, are going to track the Price of bitcoin.

The s just approved about a dozen of them, and they start trading on us. Stock markets today. Now a people in the cypher to industry had been hoping for this for years. There is a lot of build up. In fact, in the last year, bitcoins Price shot up more than one hundred fifty percent, and there were more twists and turns this week. One day before the decision, someone caused real frenzy by hacking into the esc s account on the social media site x formally known as twitter, that, by the way, now is something the FBI is looking into.

But what's behind the excitement over this new kind of crypto investment?

Yet the troop beliefs, along with some big money managers like black rock and fidelity, they said, this is going to be way to get more people into cypher. E course buying bitcoin has gotten easier in recent years for Better or worse, but IT still takes a few steps to do what you have to use a specialize exchange. It's kind of complicated. Brian armor is an analyst with morning star who follows the world of vtm, and he told me these new etps will make the barrier to entry much lower.

So there's no signing up with the cyp to exchanged begging a wallet. Go forbid losing your private key to whatever book when your own companies .

see a lot of opportunity here. A but regulators happen.

Where is this? So about those regulators? Why give the Green light? now?

They were kind of left with no choice. One cyp to company took them to court because they felt the esc didn't give them a fair shake, and I won. Now senate mark vich is professor at the kilos school of business in northwestern.

And he says, what's really valuable here is the legal clarity. That comes what the S. C. C. Has done.

here. We are finally, at the point where the regulator is willing to have give us clear guidance in terms of and at least with .

these specific bitcoin etf. It's evident though a from this twenty something page decision in from a statement from the head of the esc that regulators did this. They made this decision with some reluctance.

Why were they reluctant?

Or the Cherry, the c is gary ginseng orr, and he has spent most of his tenure at that agency trying to rein in cyphered. He famously said early on, it's like the wild west. And I remind everyone, bitcoin and most scripted currencies are very volatile. Prices can move up and down a lot in a single day.

And as he said, there has been a lot of unfavorable news about cyp do to say at least the ACC still has major lawsuits pending against sam bank man free, that, of course, being the disGrace crypto mogul who was convicted just a few months ago of orchestrating one of the largest financial frames in history. He scheduled to be sentenced in march. The ecc is also suing baLance, whose sound is also looking at prison time. So gary gensler is still very concerned about how risky crypto is and a he emphasized that while the esc is giving the go ahead to these specific funds, he and his colleagues are by no means endorsing bitcoin itself or any other crypto currency. right?

That's mp. R David. Girl, dave, thanks.

And that's a first for thursday, january eleven. Sammy Martinez.

Steve en scape. Today's first was edited by Christian AV kalama mark kkk v pa bia going and M S. IT was produced by the ad butch ben e rams and linsey tody. We get engineering support from stac abbott and our technical direc c comment, join us tomorrow.

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