Dec 9, 2017

Obama invokes Nazi Germany in warning about U.S. democracy

Former U.S. President Barack Obama address the participants at a summit on climate change. Photo: Charles Rex Arbogast / AP

Former President Barack Obama warned a crowd at the Economic Club in Chicago this week that Nazi Germany provides an example of what happens if citizens fail to “tend to this garden of democracy," per the Associated Press. “Things can fall apart fairly quickly," he said.

He also spoke on the importace of the media, saying the press often irritated him but is "vital to democracy," the AP reports. President Trump expressed starkly different views in his rally in Florida Friday night.

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Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.

Situational awareness

Photo: Win McNamee/Getty Images

Catch up on today's biggest news:

  1. Roger Stone sentenced to 40 months in prison
  2. Top NSC official reassigned to Energy Department amid "Anonymous" fallout
  3. Morgan Stanley to buy E*Trade in $13 billion deal
  4. Coronavirus slams companies' 2020 sales projections
  5. Black activist group gives its first presidential endorsement to Elizabeth Warren

Roger Stone sentenced to more than 3 years in prison

Roger Stone arriving for his sentencing hearing. Photo: Mark Wilson/Getty Images

Longtime Trump associate Roger Stone was sentenced Thursday to 4o months in prison for crimes that include obstruction of justice, lying to Congress and witness tampering.

Why it matters: Stone is the seventh person to be convicted and sentenced for crimes unearthed by former special counsel Robert Mueller's investigation. His case has been at the heart of ongoing tensions between President Trump and his Justice Department.