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Brazil’s Bolsonaro sees pension reform passing in first half of 2019 -media

Brazil's President Jair Bolsonaro waits for Paraguay's President Mario Abdo before a meeting at the Planalto Palace in Brasilia
FILE PHOTO - Brazil's President Jair Bolsonaro waits for Paraguay's President Mario Abdo before a meeting at the Planalto Palace in Brasilia, Brazil March 12, 2019. REUTERS/Ueslei Marcelino

March 13, 2019

BRASILIA (Reuters) – Brazilian president Jair Bolsonaro believes Congress will approve his cornerstone pension reform bill in the first half of this year, local media reported him as saying to journalists at a meeting in Brasilia on Wednesday.

Bolsonaro’s bill, which will increase the minimum retirement age for men and women and aims to save around 1.2 trillion reais ($314 billion) over the next decade, was presented to Congress on Feb. 20.

Bolsonaro said he did not think that approval in both houses in the first half of 2019 was too ambitious. Passage in the Senate would be relatively easy because many senators were aware of the importance of overhauling the pension system and the opposition Workers Party would probably back it too, Globo reported him as saying.

Bolsonaro also told journalists that he had personally reached out to lawmakers, Correio Braziliense reported.

On Tuesday, Rogerio Marinho, secretary of social security and labor at the Economy Ministry, told Reuters that the bill was still on track for voting in the lower house by the end of May.

Marinho also said Bolsonaro’s personal support to win over hearts and minds would be critical. “Anything he does will be beneficial, including galvanizing and mobilizing people to get onside with this change that’s so necessary for the country,” Marinho said.

Analysts have said there is significant risk the proposal could be watered down in Congress, with approval unlikely until some time in the second half of 2019. Opponents on the left have said the bill as it stands would hurt poor Brazilians.

($1 = 3.8275 reais)

(Reporting by Jamie McGeever, Editing by Rosalba O’Brien)

Source: OANN

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Turkish central bank seen holding off easing for longer: Reuters Poll

File photo of Turkey's Central Bank headquarters is seen in Ankara
FILE PHOTO: Turkey's Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas/Files/File Photo

April 5, 2019

By Nevzat Devranoglu

ISTANBUL (Reuters) – Economists expect Turkey’s central bank to delay cutting rates until around July, and to ease policy less aggressively than previously thought, a Reuters poll showed on Friday after two weeks of volatility in the country’s financial markets.

The poll’s forecasts for the year-end policy rate ranged from 17.5 percent to 24 percent, with a median of 20.75 percent. The central bank has kept it at 24 percent since September when the Turkish economy was in the midst of a currency crisis the tipped it into recession.

Economists expected the bank to cut rates this year by a median total of 3.25 percentage points, down from a median of 5.00 percentage points in the previous Reuters poll done in late February. Respondents cited stubbornly high inflation, which remains around 20 percent.

The central bank has said it will keep monetary policy tight until inflation shows a convincing improvement. Food prices jumped earlier this year, boosting annual consumer price inflation, despite unorthodox government efforts to bring them down.

A sharp drop in the lira on March 22 set off a week of volatility ahead of local Turkish elections. It prompted the central bank to stop one-week repo auctions since March 25, effectively raising its funding rate by at least 1.5 percentage points, which was seen as a stop-gap tightening of policy.

Ten out of 11 economists in the Reuters poll predicted that the central bank would leave its repo rate unchanged at a policy meeting at the end of April, while one economist expected it to raise its rate to 25.5 percent to match average weighed cost of funding.

“We expect inflation to come down substantially in the second half of 2019 due to the combination of base effects and economic slowdown,” said Nora Neuteboom, economist at ABN Amro, adding that she expects the first rate cut by 1.25 percentage points, or 125 basis points, in July.

“We expect…a total easing of 500 (basis points) throughout the second half of 2019, albeit this is largely dependent on the market reaction to the first rate cut and the future inflation data,” Neuteboom said.

Asked about timing, three economists predicted the first rate cut would come in June while five pointed to July. One economist predicted September, another December, while one expected the central bank to leave rates unchanged throughout this year.

A previous poll showed most of the rate cut expectations focused on a June monetary policy meeting.

The central bank will announce its rate decision on April 25 at 2 p.m. (1100 GMT).

(Writing by Ezgi Erkoyun; Editing by Jonathan Spicer)

Source: OANN

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Albania opposition protests against governing Socialists

Supporters of Albania's opposition have thrown flares and torched a car tire outside the country's parliament in an attempt to block governing lawmakers entering the building amid calls for the government to quit.

The center-right Democratic Party-led opposition claims the leftist government of Prime Minister Edi Rama is corrupt and has links to organized crime. Opposition lawmakers want the government to make way for a caretaker administration and call early elections.

Albania's parliament holds sessions on Thursdays, but moved this week's meeting to Tuesday to avoid a planned demonstration. Supporters of the opposition then moved their demonstration, too.

The governing Socialists hold 74 seats in the 140-seat parliament. Opposition lawmakers have already quit as they push for early elections.

Source: Fox News World

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UK property asking prices rise, Brexit delay could spur buyers: Rightmove

FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London
FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville/File Photo

April 14, 2019

LONDON (Reuters) – Asking prices for British homes rose by the most in over a year in the four weeks to April 6, a survey showed, adding to other tentative signs that the housing market may have passed the worst of its slowdown ahead of Brexit.

The 1.1 percent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 percent, property website Rightmove said.

Britain’s housing market has stumbled since the 2016 Brexit referendum with most measures of prices showing only minimal growth in recent months. But some data has suggested that the slowdown stabilized in early 2019.

Rightmove director Miles Shipside said last week’s delay of Britain’s exit from the European Union could spur hesitant home movers into action.

“We are not anticipating an activity surge, but maybe a wave of relief that releases some pent-up demand to take advantage of static property prices and cheap fixed-rate mortgages,” he said, noting visits to Rightmove’s website hit a record high in March.

Rightmove’s data is based on property advertisements on its website, which it says accounts for 90 percent of residential property on sale in the United Kingdom.

(Reporting by William Schomberg, editing by Andy Bruce)

Source: OANN

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Elliott pushes for Hyundai shareholder support after dividend proposals rejected

Employees of Hyundai Motor Group attend the company's new year ceremony in Seoul
FILE PHOTO: Employees of Hyundai Motor Group attend the company's new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji

February 27, 2019

SEOUL (Reuters) – Elliott Management Corp on Wednesday urged shareholders of a Hyundai Motor Group firm to vote for its proposal for higher dividends and new board members, a day after the South Korean conglomerate rejected demands by the U.S. activist investor.

A growing dispute between the two has complicated efforts to revamp South Korea’s No.2 conglomerate and pave the way for the group’s executive vice-chairman, Euisun Chung, to take over as group chairman from his 80-year-old father Mong-Koo Chung.

Hyundai Motor and Hyundai Mobis, under pressure to address excess cash and governance structures, on Tuesday rejected Elliott’s demands for a combined 7 trillion won ($6.3 billion) dividend payout, well above the companies’ proposed payouts of nearly 1 trillion won.

The companies also rejected Elliot’s call for new board and audit members. Investors of Hyundai Motor and Hyundai Mobis will decide which proposals to support at their respective general shareholders meetings on March 22.

Elliott, in an open letter released on Wednesday, urged Hyundai Mobis shareholders to vote for its proposals.

“We are … asking today for all shareholders to support these landmark resolutions, which are designed to both transform governance and right-size the company’s overcapitalized balance sheet,” Elliott’s letter to Hyundai Mobis shareholders says.

Hyundai Motor and Hyundai Mobis shares finished up 5.3 percent and 3.8 percent, respectively, on Wednesday as investors licked their lips at the prospect of higher returns and a favorable restructuring plan due to Elliott’s pressure.

“We expect a vote showdown at the upcoming meeting, which will create a favorable environment for minority shareholders,” Chung Yong-jin, an analyst with Shinhan Investment and Securities, said.

Elliott had proposed a 2018 dividend of 4.5 trillion won for Hyundai Motor and 2.5 trillion won for auto parts supplier Hyundai Mobis, but the companies rejected the proposals, saying the plans would undermine their future competitiveness.

Hyundai Motor said on Wednesday it plans to boost the core automotive businesses’ operating profit margin to 7 percent by 2022 from 2.1 percent in 2018, and announced 45.3 trillion won investment plan over the next five years. [S6N1US00Y]

Opposition from Elliott led Hyundai to drop an attempt to overhaul its ownership structure last year. Euisun Chung pledged in January to complete a restructuring expected to pave the way for him to take the reins of the group.

The group is likely to come up with a revised restructuring plan that is expected to be put to a vote at an extraordinary shareholders’ meeting in April or May, experts have said.

(Reporting by Hyunjoo Jin, Writing by Miyoung Kim; Editing by Himani Sarkar)

Source: OANN

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Blind sailor successfully completes non-stop Pacific voyage

A Japanese sailor has completed a two month, non-stop trek across the Pacific Ocean, becoming the first totally blind person to do so.

Mitsuhiro Iwamoto, 52, left San Diego on Feb. 24, sailing 8,700 miles on his 40 ft. boat, named "Dream Weaver", to Japan with the help of a sighted navigator, American Doug Smith

This is a long overdue moment for Iwamoto, whose first attempt in 2013 ended when his 28-foot boat hit a 50-foot blue whale, sinking it in a matter of minutes. He needed to be rescued in a life raft by the Japanese military in near typhoon-like conditions. The Japanese media criticized their trip and the taxpayer-funded rescue. The post-traumatic stress of the ordeal almost caused him to give up on his dream he called the "Voyage of Inspiration".

GOOD SAMARITANS RESCUE BLIND MAN WHO TUMBLED ONTO WASHINGTON METRO TRACKS

"I didn't give up and I made a dream come true. I'm the happiest person on earth," Iwamoto told Kyodo News.

According to the Japan Blind Sailing Association, he's the first blind person to sail across the world's largest ocean without stopping.

When sailing, Iwamoto can still feel the wind direction and steer with sighted people's help, but needs a guide like Smith to navigate around other boats, according to the Voice of San Diego. To work around his disability, he uses a vocalized GPS and audio compass. On the latest trip, Iwamoto steered the yacht and managed the sail, while Smith helped him with the equipment that shows wind direction.

Iwamoto, who practices oriental medicine, moved to the U.S. from Japan in 2006. He was partially sighted when he was born, able to do things like ride a bike or play baseball, described the Voice of San Diego. When he was 13 he started losing his sight, and three years later it was gone completely. That wasn't easy for the teenager.

"My teacher told me I had to start using a cane, but no, I didn’t want to accept that," he said in 2010. "Life was hard. I told my parents, why you gave me birth? I was negative and I couldn’t accept my blindness. I didn’t know what my life is going to be. I tried to commit suicide even."

Iwamoto cried, but in his dreams he received a message to be positive, something he lives by today.

FLORIDA FIREFIGHTERS PAINT HOME OF BLIND WORLD WAR II VETERAN, 89

"There isn’t just one life," he said "I must have meaning in life, being blind. To encourage people. Not just blind people, but sighted people who lost their meaning of life."

His second journey across the Pacific was the accumulation of everything he's gone through. Determined to make it after his first attempt failed, he took part in triathlons to get used to the water and overcome the mental aspect of knowing his last journey sank in the middle of the Pacific. He even decided to travel in the opposite direction compared to his first voyage.

Thanks to his perseverance and the help of Smith, he reached his dreams.

"We undertake this voyage not only for personal accomplishment, but to send a message that anything is possible when people come together," he wrote on his webpage.

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According to Kyodo, Iwamoto and Smith made the record-breaking trip to raise money for charity and prevent diseases that cause blindness.

Source: Fox News World

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Factbox: Four measures to watch for in Uber’s IPO filing

FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 11, 2019

(Reuters) – Uber Technologies Inc’s initial public offering (IPO) filing on Thursday will draw inevitable comparisons to its smaller ride-hailing rival Lyft Inc, which completed its initial public listing last month.

Following Lyft’s poor stock market performance of late, investors will be scrutinizing Uber’s financial results and projections closely.

Not only is Uber much larger than Lyft, but it is also more complex, with operations that go beyond its core ride-hailing business and extend into areas such as food delivery and freight transit.

The following are four key financial metrics which investors will be watching for:

REVENUE

Uber is a much larger company than Lyft, with operations in markets ranging from the United States to Latin America to North Africa. Lyft operates entirely in North America.

Uber also has a broader array of business lines, including a food delivery service and a platform for commercial freight.

As a result, Uber clocks much higher revenues than Lyft. Uber reported net revenues of $11.4 billion in 2018. That is in comparison to $2.2 billion for Lyft during the same year.

If one considers revenue growth, however, Uber may take a back seat to Lyft. Lyft has been rapidly gaining market share relative to its larger rival, meaning that its revenue growth has been outpacing Uber’s.

Lyft’s revenue more than doubled between 2017 and 2018, from just over $1 billion to more than $2.1 billion. Uber’s, meanwhile, grew 43 percent, to $11.4 billion.

ADJUSTED EBITDA

This common measure of profitability will look similar to Lyft’s in one major respect: both Uber and Lyft are loss-making companies.

Uber reported an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) loss of $1.8 billion in 2018, compared to around $950 million for Lyft.

But expect Uber to argue to investors that its scale will give it a significant advantage in terms of profitability over the long run, allowing it to more effectively hold down costs.

It will also likely point out that its year-over-year losses are down, from $2.2 billion in 2017. Lyft’s ticked up over the same timeframe.

CONTRIBUTION MARGIN

This lesser-known financial metric will likely play a big role in Uber’s pitch to investors. It is designed to show whether Uber’s operations in individual markets are profitable on a standalone basis by ignoring company-wide costs like marketing or technology investment.

Expect Uber to make a case that positive contribution margins in many of its markets mean that, fundamentally, its business model works.

Uber has a different method of calculating contribution margin than Lyft, so the two companies’ figures cannot be directly compared, a person familiar with the matter said.

MONTHLY ACTIVE USERS

Uber generates more rides than Lyft in large part due to its wider, global presence. Lyft had 18.6 million monthly active riders as of the fourth quarter of 2018.

(Reporting by Carl O’Donnell in New York, editing by G Crosse)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

By Jan Wolfe and Richard Cowan

(Reuters) – The “i word” – impeachment – is swirling around the U.S. Congress since the release of Special Counsel Robert Mueller’s redacted Russia report, which painted a picture of lies, threats and confusion in Donald Trump’s White House.

Some Democrats say trying to remove Trump from office would be a waste of time because his fellow Republicans still have majority control of the Senate. Other Democrats argue they have a moral obligation at least to try to impeach, even though Mueller did not charge Trump with conspiring with Russia in the 2016 U.S. election or with obstruction of justice.

Whether or not the Democrats decide to go down this risky path, here is how the impeachment process works.

WHAT ARE GROUNDS FOR IMPEACHMENT?

The U.S. Constitution says the president can be removed from office by Congress for “treason, bribery, or other high crimes and misdemeanors.” Exactly what that means is unclear.

Before he became president in 1974, replacing Republican Richard Nixon who resigned over the Watergate scandal, Gerald Ford said: “An impeachable offense is whatever a majority of the House of Representatives considers it to be at a given moment in history.”

Frank Bowman, a University of Missouri law professor and author of a forthcoming book on the history of impeachment, said Congress could look beyond criminal laws in defining “high crimes and misdemeanors.” Historically, it can encompass corruption and other abuses, including trying to obstruct judicial proceedings.

HOW DOES IMPEACHMENT PLAY OUT?

The term impeachment is often interpreted as simply removing a president from office, but that is not strictly accurate.

Impeachment technically refers to the 435-member House of Representatives approving formal charges against a president.

The House effectively acts as accuser – voting on whether to bring specific charges. An impeachment resolution, known as “articles of impeachment,” is like an indictment in a criminal case. A simple majority vote is needed in the House to impeach.

The Senate then conducts a trial. House members act as the prosecutors, with senators as the jurors. The chief justice of the U.S. Supreme Court presides over the trial. A two-thirds majority vote is required in the 100-member Senate to convict and remove a president from office.

No president has ever been removed from office as a direct result of an impeachment and conviction by Congress.

Nixon quit in 1974 rather than face impeachment. Presidents Andrew Johnson in 1868 and Bill Clinton in 1998 were impeached by the House, but both stayed in office after the Senate acquitted them.

Obstruction of justice was one charge against Clinton, who faced allegations of lying under oath about his relationship with White House intern Monica Lewinsky. Obstruction was also included in the articles of impeachment against Nixon.

CAN THE SUPREME COURT OVERTURN?

No.

Trump said on Twitter on Wednesday that he would ask the Supreme Court to intervene if Democrats tried to impeach him. But America’s founders explicitly rejected making a Senate conviction appealable to the federal judiciary, Bowman said.

“They quite plainly decided this is a political process and it is ultimately a political judgment,” Bowman said.

“So when Trump suggests there is any judicial remedy for impeachment, he is just wrong.”

PROOF OF WRONGDOING?

In a typical criminal court case, jurors are told to convict only if there is “proof beyond a reasonable doubt,” a fairly stringent standard.

Impeachment proceedings are different. The House and Senate “can decide on whatever burden of proof they want,” Bowman said. “There is no agreement on what the burden should be.”

PARTY BREAKDOWN IN CONGRESS?

Right now, there are 235 Democrats, 197 Republicans and three vacancies in the House. As a result, the Democratic majority could vote to impeach Trump without any Republican votes.

In 1998, when Republicans had a House majority, the chamber voted largely along party lines to impeach Clinton, a Democrat.

The Senate now has 53 Republicans, 45 Democrats and two independents who usually vote with Democrats. Conviction and removal of a president would requires 67 votes. So that means for Trump to be impeached, at least 20 Republicans and all the Democrats and independents would have to vote against him.

WHO BECOMES PRESIDENT IF TRUMP IS REMOVED?

A Senate conviction removing Trump from office would elevate Vice President Mike Pence to the presidency to fill out Trump’s term, which ends on Jan. 20, 2021.

(Reporting by Jan Wolfe and Richard Cowan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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New England Patriots owner Robert Kraft attends a conference at the Cannes Lions Festival in Cannes
FILE PHOTO: New England Patriots owner Robert Kraft attends a conference at the Cannes Lions Festival in Cannes, France, June 23, 2017. REUTERS/Eric Gaillard

April 26, 2019

(Reuters) – New England Patriots owner Robert Kraft’s lawyers on Friday are set to ask a Florida judge to toss out hidden-camera videos that prosecutors say show the 77-year-old billionaire receiving sexual favors for money inside a Florida massage parlor.

The owner of the reigning Super Bowl champions plans wants the video to not be used as evidence against him as he contests two misdemeanor counts of soliciting prostitution at the Orchids of Asia Spa in Jupiter, Florida, along with some two dozen other men.

His legal team is fresh off a win on Tuesday, when they successfully persuaded Palm Beach County Judge Leonard Hanser to block prosecutors from releasing the hidden-camera footage to media outlets, which had requested copies under the state’s robust open records law.

Kraft, who has owned the franchise since 1994, pleaded not guilty, but has issued a public apology for his actions.

His attorneys have argued in court papers that the surreptitious videotaping of customers, including Kraft, inside a massage parlor was governmental overreach and the result of an illegally obtained search warrant.

The warrant, Kraft’s lawyers claim, was secured under false pretenses because police officers cited human trafficking as a potential crime in their application. Prosecutors have since acknowledged that the investigation yielded no evidence of trafficking.

Palm Beach County prosecutors in a court filing on Wednesday said Kraft’s motion should be rejected because he could not have had any expectation of privacy while visiting a commercial establishment to engage in criminal activity.

That prompted an indignant response from Kraft’s attorneys, who said the prosecution’s position on privacy was “unhinged.”

“It should go without saying that Mr. Kraft and everyone else in the United States have a reasonable expectation that the government will not secretly spy on them while they undress behind closed doors,” they wrote.

(Reporting by Joseph Ax, editing by G Crosse)

Source: OANN

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