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U.S. slaps more charges on parents in college admissions cheating scandal

FILE PHOTO: Actor Lori Loughlin and her husband Mossimo Giannulli leave the federal courthouse in Boston
FILE PHOTO: Actor Lori Loughlin, and her husband, fashion designer Mossimo Giannulli, leave the federal courthouse after facing charges in a nationwide college admissions cheating scheme, in Boston, Massachusetts, U.S., April 3, 2019. REUTERS/Brian Snyder/File Photo

April 9, 2019

BOSTON (Reuters) – U.S. prosecutors filed fresh conspiracy and money laundering charges on Tuesday against 16 parents charged with paying bribes to secure their children seats in elite universities in the largest college admissions scam uncovered in U.S. history.

Parents including “Full House” actor Lori Loughlin and her fashion designer husband Mossimo Giannulli had already been charged with racketeering conspiracy for their alleged role in the scheme, in which parents paid some $25 million in bribes to secure their offspring places at universities including Yale, Georgetown and the University of Southern California.

Fourteen parents, including “Desperate Housewives” star Felicity Huffman, on Monday pleaded guilty to taking part in the scam, masterminded by California college admissions consultant William “Rick” Singer.

Singer last month pleaded guilty to facilitating the cheating scam and bribing coaches to present the parents’ children as fake athletic recruits.

Prosecutors have not yet charged any applicants and said that in some cases the parents involved took steps to try to prevent their children from realizing they were benefiting from fraud.

Colleges have begun revoking the admissions and pursuing expulsion of students who obtained their seats as a result of the fraud.

(Reporting by Scott Malone, Editing by Rosalba O’Brien)

Source: OANN

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Key senator urges White House to fill top Pentagon post

The Republican chairman of a key Senate committee is urging the White House to quickly nominate someone to lead the Pentagon.

Sen. James Inhofe said Tuesday that if the White House nominates Patrick Shanahan, who has been the acting secretary of defense since Jan. 1, he would welcome a "thorough but expeditious" investigation by the Defense Department inspector general of what Inhofe called "any outstanding issues." That seemed to be a reference to a recently announced investigation of alleged Shanahan bias in favor of his former employer, Boeing Co.

Inhofe is chairman of the Senate Armed Services Committee, which has jurisdiction over nominations to Pentagon positions.

Shanahan became acting secretary after Jim Mattis resigned in December. He is only the third person in history to serve as interim secretary.

Source: Fox News National

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Samsung could become one of Orange’s providers for French 5G license

The logo of Samsung Electronics is seen at its office building in Seoul
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji

April 18, 2019

PARIS (Reuters) – Samsung Electronics could become one of Orange’s providers for a possible 5G telecoms frequency in France, said Orange’s head Stephane Richard on Thursday.

France’s 5G telecoms frequencies auction should start later this year.

France’s four main telecoms operators – leader Orange, Bouygues Telecom, Altice Europe’s SFR and Iliad – regularly compete in costly spectrum auctions, which allow wireless carriers to develop networks.

(Reporting by Gwenaelle Barzic; Editing by Sudip Kar-Gupta)

Source: OANN

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Republicans who voted against Trump's border emergency declaration

These are the Senate Republicans who voted against President Trump's border emergency declaration on Thursday:

  • Sen. Rand Paul, R-Ky.
  • Sen. Mike Lee, R-Utah
  • Sen. Susan Collins, R-Maine
  • Sen. Lisa Murkowski, R-Alaska
  • Sen. Lamar Alexander, R-Tenn.
  • Sen. Mitt Romney, R-Utah
  • Sen. Jerry Moran, R-Kan.
  • Sen. Pat Toomey, R-Pa.
  • Sen. Rob Portman, R-Ohio
  • Sen. Roger Wicker, R-Miss.
  • Sen. Marco Rubio, R-Fla.
  • Sen. Roy Blunt, R-Mo.

Source: Fox News Politics

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Fed’s Clarida: U.S. slowing, but expansion will ‘almost certainly’ break record

FILE PHOTO: Federal Reserve Vice Chairman Clarida boards a bus to tour South Dallas as part of a community outreach by U.S. central bankers in Dallas
FILE PHOTO: Federal Reserve Vice Chairman Richard Clarida, boards a bus to tour South Dallas as part of a community outreach by U.S. central bankers, in Dallas, Texas, U.S., February 25, 2019. REUTERS/Ann Saphir/File Photo

April 11, 2019

WASHINGTON (Reuters) – The U.S. is economy likely slowing from its strong rate of growth in 2018, with “important international risks” clouding the outlook, Federal Reserve vice chairman Richard Clarida said on Thursday.

This summer, 10 years after the U.S. emerged from a punishing recession, “the current economic expansion almost certainly will become the longest on record,” said Clarida, vouching for the economy’s continued ability to grow.

“That said, the incoming data have revealed signs that U.S. economic growth is slowing somewhat from 2018’s robust pace,” Clarida said in remarks prepared for delivery at the Institute of International Finance policy summit. “Prospects for foreign economic growth have been marked down, and important international risks, such as Brexit, remain,” Clarida said, referring to Britain’s presumed departure at some point from the European Union.

Coupled with “muted” inflation, Clarida said that outlook justified the Fed’s current policy stance, with rates roughly at a level that neither encourages nor discourages investment and spending, and a “patient” approach to any further rate moves.

The Fed has put further rate moves on hold as it assesses the degree to which economic growth is slowing, and how major overseas economies fare in coming months.

(Reporting by Howard Schneider; Editing by Chizu Nomiyama)

Source: OANN

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Sheriff: Man wounds deputy, shoots himself dead hours later

A north Mississippi man has killed himself and wounded a sheriff's deputy in a standoff.

Marshall County Sheriff Kenny Dickerson tells local news outlets that a deputy confronted an unnamed man as part of a drug investigation Friday evening. Dickerson says the man fled and the deputy chased him to a house in Byhalia.

The man got out of his vehicle and shot the deputy at least twice. The man barricaded himself in the house while the wounded deputy was taken by helicopter to a Memphis, Tennessee, hospital, where he's expected to recover.

Deputies cut power to the house during the hours-long standoff. Dickerson says the suspect emerged about 10:30 p.m., asked to speak to the sheriff, then shot himself.

The Mississippi Bureau of Investigation will take over the investigation.

Source: Fox News National

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Schiff faces mounting GOP calls for resignation over collusion claims

Republicans are stepping up calls for House Intelligence Committee Chairman Adam Schiff to resign or give up his committee post for repeatedly pushing claims of collusion between President Trump’s 2016 campaign and Russian operatives.

Now that Robert Mueller's probe has shown no evidence of collusion, White House adviser Kellyanne Conway has been the most vocal in calling for Schiff’s resignation – telling “Fox & Friends” on Monday that the California Democrat “ought to resign today.”

ADAM SCHIFF REJECTS REPORTS MUELLER INDICTMENTS ARE OVER, SAYS SPECIAL COUNSEL COULD BE CALLED TO TESTIFY 

“He’s been on every TV show 50 times a day for practically the last two years, promising Americans that this president would either be impeached or indicted,” Conway said. “He has no right, as somebody who has been peddling a lie, day after day after day, unchallenged. Unchallenged and not under oath. Somebody should have put him under oath and said, ‘You have evidence, where is it?'”

Conway continued her calls for Schiff’s resignation on Tuesday during an interview on Fox News’ “America’s Newsroom,” saying Schiff should be put under oath for claims of evidence of collusion between the Trump team and Russia.

“He's saying there was evidence of collusion in plain sight, that he knew of it,” she said. “If he's got evidence, put him under oath.”

For two years, Schiff routinely sounded ominous warnings about what Special Counsel Robert Mueller might find on Trump.

In March 2017, Schiff told MSNBC that "there is more than circumstantial evidence now" of a relationship between Russia and Trump's associates. In December of that year, Schiff said on CNN: "The Russians offered help, the campaign accepted help. The Russians gave help and the president made full use of that help. That is pretty damning, whether it is proof beyond a reasonable doubt of conspiracy or not."

And in May of last year, Schiff said on ABC that the Russian hacking of Democratic National Committee emails is "like Watergate in the sense that you had a break in at the Democratic headquarters, in this case a virtual one, not a physical break in, and you had a president as part of a cover up." Schiff said later that the Russia investigation is "a size and scope probably beyond Watergate."

Despite Schiff’s claims, Mueller found no evidence of coordination or conspiracy involving Trump, his campaign and the Russian government, Attorney General William Barr wrote in a letter released on Sunday.

While not going so far as Conway in calling for Schiff to leave office, House Minority Leader Kevin McCarthy, R-Calif., said that Schiff does owe “an apology to the American public” and should step down from his post as head of the intelligence committee.

KELLYANNE CONWAY ADDS TO CALLS FOR FULL INVESTIGATION INTO RUSSIA PROBE'S ORIGIN

“He owes an apology to the American public," McCarthy said. “There is no place in Adam Schiff's world or in Congress that he should be chair of the intel committee."

McCarthy added: "There is no way he could lead the intel committee and he should step back."

Republican National Committee Chairwoman Ronna McDaniel echoed McCarthy’s comments in an interview with Fox Business Network, saying that Schiff – along with House Judiciary Chairman Jerry Nadler, D-N.Y. – should apologize to Trump for the claims of Russian collusion.

“They should be removed from their chairmanships,” McDaniel said. “They owe the American people an apology. They owe this president an apology, and they have work to do to heal this democracy because this is our country we are talking about.”

Despite the withering criticism from GOP leaders and the calls to step down, Schiff has remained defiant – repeating on Monday his assertion that evidence of collusion is in "plain sight." He said he accepts Mueller's conclusion that he could not prove a criminal conspiracy with Russia, but said his committee's investigative work will go on.

"For whatever reason over the last year and a half, the president has viewed me as a threat," he told The Associated Press. "His allies in Congress have likewise come to his assistance in attacking me. It comes with the job, and I take it as a sign of effectiveness that they feel the need to go after me."

House Speaker Nancy Pelosi, D-Calif., said the calls to remove Schiff were "absolutely ridiculous." She consulted with Schiff and other committee leaders over the weekend as Barr notified Congress of Mueller's report and summarized the details.

A Pelosi aide said Schiff was being attacked because he's done "an outstanding job."

"Democrats aren't going to be intimidated by the White House or Congressional Republicans," spokeswoman Ashley Etienne said. "We're not going to be distracted from securing the release of the full Mueller report and the underlying evidence, and we will continue to pursue legitimate oversight because that's what the Constitution requires.

CLICK HERE TO GET THE FOX NEWS APP

Schiff also plans to push ahead with a congressional investigation into the Trump campaign’s contacts with Russia. While the intelligence committee on Monday delayed an interview with Trump associate Felix Sater about his efforts in 2016 to strike a deal for a Trump Tower Moscow, Schiff has vowed to continue the investigation.

The California Democrat also signed a letter on Monday with his fellow House committee chairs demanding the full Mueller report by April 2.

"Mueller did not find sufficient evidence to establish conspiracy, notwithstanding Russian offers to help Trump’s campaign, their acceptance, and a litany of concealed interactions with Russia," Schiff tweeted. "I trust Mueller’s prosecutorial judgement, but the country must see the evidence."

The Associated Press contributed to this report.

Source: Fox News Politics

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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