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CEO who sells $800 sequined dresses tells 99 percenters: Stop whining, you’d be rich in India

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A fashion mogul offered some advice to Americans who aren’t among the top 1 percent of wealth holders: Stop whining.

“We’ve got a country that the poverty level is wealth in 99 percent of the rest of the world,” said Bud Konheim, CEO and co-founder of the luxury fashion company Nicole Miller. “We’re talking about woe is me, woe is us, woe is this.”

Konheim, whose company sells $800 sequined dresses and $250 purses, disagreed with another panelist Wednesday on CNBC’s “Squawk Box” that America’s bottom 99 percent were among the top 1 percent elsewhere.

“The figure’s even bigger than that,” he said.

“Here it is, money is all over the place, and the guy who’s making – oh my god, he’s making $35,000 a year – why don’t you try that out in India or some countries we can’t even name, or China – any place – the guy is wealthy,” Konheim said.

Technically, he is correct.

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The top 1 percent of U.S. income earners makes at least $500,000 a year, but that figure is about $34,000 a year globally, according to a World Bank economist.

Watch this video clip posted online by CNBC:

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Ex-prosecutor slams Congress for not jailing subpoena violators in the Trump administration: ‘It’s incomprehensible’

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House Democrats have been blocked at every turn from their lawful oversight functions as President Donald Trump's administration directs its members to ignore subpoenas for information on a variety of topics, from the Russia investigation to the census.

On Thursday, former federal prosecutor Glenn Kirschner castigated Democrats for their unwillingness to use their biggest weapon in the subpoena fight: inherent contempt.

It’s incomprehensible that Congress appears unwilling to use its lawful inherent contempt powers to force the issue of administration members ignoring properly issued subpoenas. Like a football team refusing to pass the ball, forever running up the middle, gaining zero yards. https://t.co/AaWvEsJvk2

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Trump’s campaign is a perpetual outrage machine designed to inflame ‘every f-cking deplorable’ in America

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President Donald Trump's re-election campaign is gambling on an unprecedented strategy by focusing entirely on his base, while making little or no effort to attract new supporters.

The president still hasn't cracked 50 percent approval in two and a half years in the White House, and his 2020 campaign was built around a perpetual outrage machine designed to inflame his core supporters -- and drive them to the polls, reported TIME.

The campaign uses Google and Facebook algorithms to make massive digital advertising purchases any time Trump stirs up controversy, and scoops up data when supporters interact with those ads or buy online merchandise from the Trump campaign website.

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Missouri man threatened to ‘kill every gay person I can’ at St. Louis PrideFest: police

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A Missouri man this week was charged with making a terrorist threat after he said he planned to "kill every gay person I can" at St. Louis's annual PrideFest.

The St. Louis Dispatch reports that court documents filed this week claim that 49-year-old Edward A. Terry of Overland, Missouri created a fake email account and sent a message to a PrideFest organizer saying that he would "come to pride fest with my guns to kill every gay person I can before I kill myself."

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