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Swedbank shares fall further as money laundering worries persist

FILE PHOTO: File photo shows Swedbank's logo on its Lithuanian headquarters in Vilnius
FILE PHOTO: Swedbank's logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, in this May 10, 2014 file photo. REUTERS/Ints Kalnins/File Photo

February 21, 2019

STOCKHOLM (Reuters) – Swedbank’s shares opened 4 percent lower on Thursday, adding to heavy losses from a day earlier when a report linked one of the biggest lender in the Baltic countries to a regional money laundering scandal involving Danske Bank.

Danske is being investigated in five markets over some 200 billion euros ($226 billion) of suspicious payments from Russia, ex-Soviet states and elsewhere that were found to have flowed through its Estonian branch to the West.

Swedish TV said on Wednesday that documents showed at least 40 billion Swedish crowns ($4.30 billion) had been transferred between accounts at Swedbank and Danske in the Baltics between 2007 and 2015, prompting Estonia to investigate the allegations.

(Reporting by Esha Vaish in Stockholm; Editing by Johan Ahlander)

Source: OANN

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Pelosi: Trump Impeachment “Just Not Worth It”

House Speaker Nancy Pelosi (D-Calif.) rejected the notion of impeaching President Trump for overly political reasons.

During an interview with the Washington Post, Pelosi said that impeachment is “too divisive:”

I’m not for impeachment. This is news. I’m going to give you some news right now because I haven’t said this to any press person before. But since you asked, and I’ve been thinking about this: Impeachment is so divisive to the country that unless there’s something so compelling and overwhelming and bipartisan, I don’t think we should go down that path, because it divides the country. And he’s just not worth it.

Of course, that’s not to say Democrats won’t impeach the president if they can get several Republicans to go along with it, but Pelosi is setting a high standard regardless.

This other quote by Pelosi in the interview might explain her reasoning:

[Trump’s] been a great organizer for Democrats, a great fundraiser for Democrats and a great mobilizer at the grass-roots level for Democrats. [Laughs.] And I think that’s good for America.

Some may also suggest that Pelosi doesn’t expect the upcoming Mueller report to contain enough substance for impeachment proceedings.



Will our humanity survive if cyborgs become a commonplace reality?

Source: InfoWars

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Trump's Budget Revives Border Battle

President Donald Trump is reviving his border wall fight, preparing a new budget that will seek $8.6 billion for his signature project, impose steep spending cuts to other domestic programs and set the stage for another fiscal battle.

Budget documents like the one Trump is releasing Monday are often seen as just a starting point of negotiation. Fresh off the longest government shutdown in history, Trump's 2020 proposal shows he is eager to confront Congress again to boost defense spending and cut $2.7 trillion in nondefense spending over a decade.

Titled "A Budget for a Better America: Promises Kept. Taxpayers First," Trump's proposal "embodies fiscal responsibility," said Russ Vought, the acting director of the Office of Management and Budget.  

Vought said the administration has "prioritized reining in reckless Washington spending" and shows "we can return to fiscal sanity."

Two administration officials confirmed that the border wall request was part of Trump's spending blueprint for the 2020 budget year, which begins Oct. 1. It would pay for hundreds of miles of new barriers along the border.

Trump's budget proposes increasing defense spending to $750 billion — and standing up the new Space Force as a military branch — while reducing nondefense accounts by 5 percent, with cuts recommended to safety-net programs used by many Americans.

The plan sticks to budget caps that both parties have routinely broken in recent years and promises to come into balance in 15 years, relying in part on economic growth that may be uncertain.

The officials were not authorized to discuss budget details publicly before Monday's release of the plan and spoke on condition of anonymity.

While pushing down spending in some areas, including the Environmental Protection Agency, the proposal will seek to increase funding in others to align with the president's priorities, according to one official.

The administration will invest more than $80 billion for veterans services, a nearly 10 percent increase from current levels, including "significant" investments in rehabilitation, employment assistance and suicide prevention.

It will also increase resources to fight the opioid epidemic with money for prevention, treatment, research and recovery, the administration said. And it seeks to shift some federal student loan costs to colleges and universities.

By adhering to strict budget caps, Trump is signaling a fight ahead. The president has resisted big, bipartisan budget deals that break the caps — threatening to veto one last year — but Congress will need to find agreement on spending levels to avoid another federal shutdown in fall. To stay within the caps, the budget shifts a portion of the defense spending to an overseas contingency fund, which some fiscal hawks will view as an accounting gimmick.

White House economic adviser Larry Kudlow said Trump's budget "points a steady glide path" toward lower spending and borrowing as a share of the nation's economy. He also told "Fox News Sunday" that there was no reason to "obsess" about deficits, and expressed confidence that economic growth would top 3 percent in 2019 and beyond. Others have predicted lower growth.

But the Democratic chairman of the House Budget Committee, Rep. John Yarmuth of Kentucky, called the proposed cuts to essential services "dangerous." He said Trump added nearly $2 trillion to deficits with the GOP's "tax cuts for the wealthy and large corporations, and now it appears his budget asks the American people to pay the price."

The border wall, though, remains a signature issue for the president and is poised to stay at the forefront of his agenda, even though Congress has resisted giving him more money for it.

Leading Democrats immediately rejected the proposal.

"Congress refused to fund his wall and he was forced to admit defeat and reopen the government. The same thing will repeat itself if he tries this again," said House Speaker Nancy Pelosi, D-Calif., and Senate Democratic leader Chuck Schumer of New York. They said the money "would be better spent on rebuilding America."

In seeking $8.6 billion for more than 300 miles of new border wall, the budget request would more than double the $8.1 billion already potentially available to the president for the wall after he declared a national emergency at the border last month in order to circumvent Congress — although there's no guarantee he'll be able to use that money if he faces a legal challenge, as is expected. The standoff over the wall led to a 35-day partial government shutdown, the longest in U.S. history.

Along with border wall money, the proposed budget will also increase funding to increase the "manpower" of Immigration and Customs Enforcement officers and Customs and Border Patrol at a time when many Democrats are calling for cuts — or even the elimination — of those areas. The budget also proposes policy changes to end sanctuary cities, the administration said.

The budget would arrive as the Senate readies to vote this week to terminate Trump's national emergency declaration. The Democratic-led House already did so, and a handful of Republican senators, uneasy over what they see as an overreach of executive power, are expected to join Senate Democrats in following suit. Congress appears to have enough votes to reject Trump's declaration but not enough to overturn a veto.

Trump invoked the emergency declaration after Congress approved nearly $1.4 billion for border barriers, far less than the $5.7 billion he wanted. In doing so, he can potentially tap an additional $3.6 billion from military accounts and shift it to building the wall. That's causing discomfort on Capitol Hill, where even the president's Republican allies are protective of their power to decide how to allocate federal dollars. Lawmakers are trying to guard money that's already been approved for military projects in their states — for base housing or other improvements — for the wall. The administration is promising to backfill those funds, senators said.

The wall with Mexico punctuated Trump's campaign for the White House, and it's expected to again be featured in his 2020 re-election effort. He used to say Mexico would pay for it, but Mexico has refused to do so.

Source: NewsMax Politics

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Top Prosecutor Getting Set to Leave Mueller Team

Andrew Weissmann, a prominent member of special counsel Robert Mueller’s team, will soon be stepping down to study and teach at New York University, NPR is reporting.

Weissmann’s upcoming departure is the latest sign that Mueller is all but done, NPR said.

NPR attributed details of Weissman’s upcoming departure to two sources. And it described Weissmann as the architect of the case brought against Paul Manafort, who had served as chairman of the Donald Trump presidential campaign.

Weissman was the target of attacks from critics such as Rush Limbaugh and conservative legal interest groups, according to NPR.

"Andrew is attacked because he is feared; those under investigation know just how effective he is," former Enron prosecutor Kathryn Ruemmler said. "He has not only peerless technical skills, but the fearlessness necessary for pursuing high profile, complex cases and a passionate commitment to seeing justice is done."

NBC News said Weissmann is expected to leave in about a week. It reported also reported that a confidential report by Mueller’s office is expected to be sent to the Justice Department soon.The network news noted Democratic lawmakers say they will demand the full release of the report.

Source: NewsMax Politics

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Time's 'phenom': Is AOC using the media — or the other way around?

Alexandria Ocasio-Cortez is officially a phenom.

Hey, the cover of Time magazine says so.

There's little question that AOC has shrewdly used the media and the media have just as shrewdly used her – either as a young female heroine, for much of the mainstream press, or as a socialist target, for much of the conservative media.

President Trump has privately noted that Ocasio-Cortez "has it," that indefinable star quality – though he disagrees with her on almost everything. And like the president, AOC enjoys picking fights with the press – especially those nettlesome fact-checkers – which in turn generates even more coverage.

She's already been on the cover of National Review, pilloried for her Green New Deal. And what member of Congress, after just three months in office, has gotten the coveted Time cover status?

ALEXANDRIA OCASIO-CORTEZ LANDS 'TIME' COVER: FROM 'DORKY KID' TO 'THE PHENOM'

Perhaps the magazine is just using her as clickbait, or newsstand bait, like everyone else.

Here's the nut graph of the Time piece, justifying the extraordinary focus on her:

"She's a young Hispanic woman, three cornerstones of the party's electoral coalition. She's a democratic socialist at a time when confidence in capitalism is declining, especially among progressive millennials. The issues she ran on — a Green New Deal, Medicare for All, a federal jobs guarantee, abolishing ICE — are animating a new generation of Democrats. She's a political phenomenon: part activist, part legislator, arguably the best storyteller in the party since Barack Obama and perhaps the only Democrat right now with the star power to challenge President Donald Trump's."

About the only thing keeping the pundits from swooning over her as a White House contender is that, at 29, she's not old enough to run.

But the overcoverage can be justified in this sense: Ocasio-Cortez has become the face of the Democratic Party, perhaps even more so than Nancy Pelosi. Her supporters love the idea of a dynamic, Instagram-savvy, aggressively liberal change agent pushing the party establishment to the left. Her detractors love the idea of a self-described democratic socialist with huge spending plans representing a party that relied on more moderate candidates to win the House.

At the same time, the all-AOC approach misses the mark in vastly overstating her influence. Freshmen have little real power in an institution based on seniority. Pelosi hasn't exactly embraced Ocasio-Cortez's proposals. So she has the ability to drive a media debate, but not to call an oversight hearing or put a bill on the floor.

Still, Time says "she's replaced Hillary Clinton as the preferred punching bag of Fox News pundits and Republican lawmakers, and the hits are taking their toll. Public opinion of Ocasio-Cortez has soured as she becomes better known; according to a Gallup poll conducted in February, 31 [percent] of Americans overall have a favorable impression of her, against 41 [percent] unfavorable — a 15-point swing since September. The same poll found that her popularity had increased with Democrats and nonwhites."

The Fox website yesterday played up a new ad that hits Ocasio-Cortez – from a Republican in a special House election in North Carolina.

AOC STARS IN GOP CONGRESSIONAL AD: 'BLESS HER HEART, SHE HAS SOME TERRIBLE IDEAS

The generally upbeat Time story acknowledges both the limits of her power and her controversial role in the party.

"Her Green New Deal proposal has driven policy debates on the left, but it has virtually no chance of becoming law anytime soon. Her allies plan to boost primary challengers to moderate and conservative Democrats, a push that Ocasio-Cortez has distanced herself from but one that has earned her the enmity of some colleagues. Many House Democrats resent her celebrity and worry it overshadows efforts to reach the moderate voters who propelled the party to the majority. Privately, some admit they're also a little afraid of her."

Now that is fascinating. In other words, they're not only worried about the image she projects, but some feel she's too big for her freshman britches.

The dilemma is that while Ocasio-Cortez answers only to her district in Queens and the Bronx, other parts of the country are not as receptive to a hard-left message, even if it draws kudos online. One Democratic candidate in Michigan is quoted as saying her message is more important than winning elections — but you can't change policy without winning office. (And he got clobbered in his race.)

Time dutifully notes that she is being partially blamed for Amazon withdrawing its second headquarters from Queens; that her office botched the Green New Deal rollout by posting an apocalyptic draft version; and that she's the subject of an FEC campaign finance complaint that she calls bogus.

CLICK HERE TO GET THE FOX NEWS APP

And given that she's made some factual errors — not unlike the man in the White House — the magazine reminds us of what she told Anderson Cooper:

"I think that there's a lot of people more concerned about being precisely, factually and semantically correct than about being morally right."

But your moral position is stronger when you traffic in actual facts.

Look, the fact that a woman who was recently a waitress and bartender is on Time's cover is quite an achievement. It's a bubble that may not last. But for now, AOC and the media are in a codependent relationship that benefits both sides.

Source: Fox News Politics

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Spanish TV election debate excludes far-right party

Spain's Socialist leader and incumbent prime minister Pedro Sanchez has agreed to a single television debate with the lead candidates from three other main parties, following controversy over a potential debate appearance by a surging far-right party.

The Socialist party said Wednesday Sanchez will appear ahead of the April 28 ballot on public broadcaster RTVE with the leaders of the conservative Popular Party, center-right Citizens party and far-left Podemos party.

Sanchez had wanted a debate featuring the anti-immigrant Vox party, which is seeking its first parliamentary seats. Analysts say Sanchez wanted to associate the Popular Party and Citizens party with Vox, which previously have forged a regional alliance.

But the electoral board disallowed that five-way debate, ruling that other small parties would also need to be invited.

Source: Fox News World

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Police responding to report of an armed man at NY hospital

Police are investigating a report of an armed man at a hospital north of Manhattan.

A woman who answered the phone in the admissions office at NewYork-Presbyterian Lawrence Hospital in Bronxville at about 9:30 p.m. Sunday confirmed the hospital was on lockdown. The person would not give her name. She said she hadn't heard or seen anything and was just waiting.

Police told NBC 4 New York they were investigating a report of a man with a gun. A dispatcher at the Bronxville police described it as an "ongoing situation."

Numerous police and emergency vehicles with their lights flashing were seen outside the hospital in Westchester County, just outside of New York City.

Source: Fox News National

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

CLICK HERE TO GET THE FOX NEWS APP

Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

CLICK HERE TO GET THE FOX NEWS APP

It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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The Dalai Lama has returned to his headquarters in the north Indian hill town of Dharmsala after a brief stay in a hospital in the capital for treatment of a chest infection.

Hundreds of exiled Tibetans lined the streets of Dharmsala carrying ceremonial scarves and incense sticks to welcome the Dalai Lama on Friday.

The 83-year-old Tibetan spiritual leader told reporters that he had fully recovered, but that the illness had been “a little bit serious.” He did not give any details.

The Dalai Lama usually spends several months a year traveling the world to teach Buddhism and highlight Tibetans’ struggle for greater freedom in China. But he has cut down on his travels in the past year to take care of his health.

Source: Fox News World

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