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Billionaire Hedge Fund Manager Says There’s About to be an Uprising in America

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Source: InfoWars

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Fed’s policy pause sets stage for broad overhaul

The Federal Reserve building is pictured in Washington, DC
The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo

February 22, 2019

By Trevor Hunnicutt and Ann Saphir

NEW YORK/SAN FRANCISCO (Reuters) – When Federal Reserve policymakers last month put a three-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4 trillion balance sheet, they cited increased risks to U.S. economic growth and the need for more time to sort through the data.

But whether by design or by happenstance, their policy pause effectively cleans the central bank’s slate ahead of what could be a massive overhaul of how they manage the U.S. economy, including what tools it uses and how it communicates to the public.

Behind the Fed’s decision to spend the next year rethinking how it should go about ensuring that prices remain stable and employment plentiful are some of the same structural economic changes that led the U.S. central bank to put its current policy on hold in the first place.

The connections between the Fed’s new “patient” stance on policy, its decision to leave its balance sheet bigger than it had previously anticipated, and what looks set to be a tough debate over a possible new policy framework were on full display for the first time at a conference Friday on monetary policy in New York.

There, the influential chief of the New York Fed, John Williams, nodded to the U.S. economy’s new normal, where unemployment is plumbing its lowest levels in nearly 50 years, but inflation is barely touching the Fed’s 2-percent goal.

And though the Fed needs to guard against a surge in inflation, Williams said, “we must be equally vigilant that inflation expectations do not get anchored at too low a level.”

San Francisco Fed President Mary Daly, also speaking at the conference, concurred.

“Inflation has been below our target for a long time,” Daly said. “Complacency can go both ways and it’s important to be vigilant on both sides of the target, not just on the upside but also on the downside”

One central question in the Fed’s policy rethink is whether the Fed should react to periods of low inflation by allowing inflation to run hot for a time, Fed Vice Chair Richard Clarida said in a speech Friday that outlined the scope of the Fed’s broad review.

Such a strategy could mean the Fed seeks to maintain an average rate of 2-percent inflation over any given period, rather than its current strategy of targeting its 2-percent level without regard to whether it has been able to meet that goal so far.

Though Clarida suggested the result of the policy review, expected to be complete by the first half of 2020, it could be that the Fed sticks with its current policy. “We suspect the Fed wouldn’t be asking this question if they didn’t already have some sense that a different way forward may be warranted,” wrote JP Morgan’s chief U.S. economist, Michael Feroli, in a note to clients.

Still, it was clear from remarks by policymakers at the event that not all were convinced of the need to change the Fed’s inflation-targeting, and the debate, which kicks off officially with an event Monday in Dallas, will be robust.

A Fed economic report released Friday showed why concerns about weak inflation have suddenly taken root. After raising rates amid faster-than-expected growth through 2018, the Fed said a series of developing risks likely began slowing the economy late in the year and into 2019.

That included weakening consumer spending and business investment, risks from a global slowdown and trade tensions, “deteriorated” risk appetite among investors, and even a nick to gross domestic product from the partial government shutdown.

Just as Fed policymakers’ new wariness about slow growth and low inflation helped shape the Fed’s January promise to be “patient” about further rate hikes, it may also have played a role as Fed policymakers coalesce around a plan to stop trimming their balance sheet later this year.

Investors have in recent months complained that financial conditions are tightening because of the Fed’s gradual reductions to its balance sheet, swollen from trillions of dollars of bond-buying in the post-crisis years.

In remarks Friday, Philadelphia Fed President Patrick Harker and Fed Governor Randal Quarles suggested they supported an end to the balance sheet reductions for technical reasons relating to the amount of liquidity that banks and the Fed itself needs to keep markets running smoothly.

St. Louis Fed President James Bullard went so far as to suggest that the size of the balance sheet really has only “minor” impact on the economy, now that interest rates are well above zero.

But earlier this month remarks from San Francisco Fed’s Daly and Fed Governor Lael Brainard showed that at least a few policymakers want the balance sheet trimming to stop as part of an overall desire to stop tightening monetary policy.

(Reporting by Trevor Hunnicutt, writing by Ann Saphir; with reporting by Howard Schneider and additional reporting by Richard Leong; Editing by Chizu Nomiyama and Diane Craft)

Source: OANN

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Texas infant’s body found in flower pot at cemetery, police says

A caretaker at a Texas cemetery made a grim discovery earlier this month, finding the body of a baby buried in a flowerpot, police said Wednesday.

The deceased girl was found at the Perry Cemetery on March 11 when the caretaker “emptied what he knew to be an out of place flowerpot,” according to a news release from the Carrollton Police Department.

He located the child’s body “beneath the pot’s soil,” police said.

MISSOURI MAN WHO TOPPLED MORE THAN 100 HEADSTONES AT JEWISH CEMETERY GETS PROBATION

The medical examiner found that the child weighed less than six pounds and was 34 weeks to full term, according to authorities. Her umbilical cord was “still attached,” police said.

Neither her race nor if she was born alive was immediately clear.

The flowerpot is believed to have arrived on the cemetery grounds between Feb. 27 and March 2, based on details from the caretaker, police said.

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The police department has taken its case to the public, asking for any information tied to their investigation.

“Among our immediate priorities is identifying the baby to ensure a proper burial,” police said.

Source: Fox News National

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Democrat Elizabeth Warren Rejecting 'Big Money' Donations

Democratic Sen. Elizabeth Warren says she will forgo the chase for campaign money from the biggest donors in her quest for her party's nomination for president.

In an email to supporters on Monday, Warren, of Massachusetts, acknowledged that "this decision will ensure that I will be outraised by other candidates in this race."

But by making her move now as a proactive gesture, vowing to avoid any "fancy receptions or big money fundraisers only with people who can write the big checks," Warren is betting that focusing on grassroots supporters will ultimately pay off by boosting her small-dollar donations as she battles a half-dozen or more rivals.

Warren billed her new fundraising policy as a way of matching her actions to her calls for a sweeping change to the nation's political systems. She already has sworn off campaign donations from political action committees and federal lobbyists, but her new policy puts her in a league beyond most of the other Democrats already seeking the presidency or weighing runs.

Some of those rivals are already besting Warren in the hunt for donations that can often make or break a presidential candidacy. Vermont Sen. Bernie Sanders' campaign reported nearly $6 million raised in the first 24 hours after he entered the race last week, and California Sen. Kamala Harris' campaign reported $1.5 million raised during the first day after her launch.

Harris and Sens. Cory Booker of New Jersey and Kirsten Gillibrand of New York reportedly have signed on to appear at high-dollar fundraisers as they hustle to raise the cash necessary to compete in the jam-packed primary. They have sworn off donations from corporate political action committees, but none has gone as far as Warren pledged Monday.

"We're going to take the time presidential candidates typically reserve for courting wealthy donors and instead use it to build organizing event after organizing event, in the early primary states and across the country," Warren wrote to supporters.

Warren's campaign has stayed mum about how much money it has taken in since she announced her candidacy. An early glimpse was included in Federal Election Commission year-end filings, which showed that she collected around $300,000 in the hours after launching her exploratory committee at the end of December. That's a far smaller figure than what several of her competitors have reported raising. More recent fundraising emails have said she's "falling short" in the money race.

"Let's be real: Out of all the candidates Elizabeth is probably never going to raise the most money," says a fundraising solicitation sent out Friday.

But during recent midterm elections she was a fundraising powerhouse who outraised all of the other senators currently running for the presidency, pulling in more than $30 million between her Senate fund and two separate fundraising committees, which she has since shut down. She also cut big checks at the time to candidates, Democratic federal campaign funds and state-level party committees in Iowa, Florida, Arizona, Nevada and New Hampshire.

That left her with about $11 million in the bank at the end of December, records show.

Source: NewsMax Politics

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U.S. existing home sales surge, boosted by Fed’s signal on rates

An existing home for sale is seen in Silver Spring Maryland
FILE PHOTO: An existing home for sale is seen in Silver Spring, Maryland February 21, 2014. REUTERS/Gary Cameron

March 22, 2019

By Jason Lange

WASHINGTON (Reuters) – U.S. home sales surged in February to their highest level in 11 months, a sign that a pause in interest hikes by the Federal Reserve was starting to boost the U.S. economy.

The National Association of Realtors said on Friday existing home sales jumped 11.8 percent to a seasonally adjusted annual rate of 5.51 million units last month.

That was the highest level since March 2018 and well above analysts’ expectations of a rate of 5.1 million units. The one-month percentage change was the highest since December 2015. January’s sales pace was revised slightly lower.

February’s surge came as mortgage rates fell following signals from the Federal Reserve that it was no longer eyeing rate hikes. Several years of rising rates had put a brake on parts of the U.S. housing market in 2018, and the number of sales in February was still 1.8 percent lower than a year ago.

The U.S. housing market has also been held back by land and labor shortages, which have led to tight inventory and more expensive homes.

The median existing house price increased 3.6 percent from a year ago to $249,500 in February.

Existing home sales rose in three of the country’s four major regions and were unchanged in the Northeast.

There were 1.63 million previously owned homes on the market in February, up from 1.59 million in January.

At February’s sales pace, it would take 3.5 months to exhaust the current inventory, down from 3.9 months in January. A supply of six to seven months is viewed as a healthy balance between supply and demand.

(Reporting by Jason Lange; Editing by Andrea Ricci)

Source: OANN

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China March new bank loans seen rebounding, further easing expected: Reuters poll

Illustration photo of a China yuan note
A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

April 4, 2019

BEIJING (Reuters) – New bank loans in China likely rebounded in March from a drop the previous month, a Reuters poll showed, as policymakers push the country’s banks to keep lending to struggling smaller companies even if it risks more bad loans.

Chinese banks likely extended 1.2 trillion yuan ($178.78 billion) in net new loans in March, up about 7 percent from the same period a year earlier, a median estimate in a Reuters survey of 20 economists showed.

After a record credit pulse in January into the slowing economy, new lending dropped sharply to 885.8 billion yuan in February, which analysts attributed to seasonal factors and regulators’ concerns about a flare-up in some types of shadow bank financing.

But if the March reading is in line with forecasts, total bank lending in the first three months of the year would reach a record quarterly tally of 5.32 trillion yuan ($792.60 billion), suggesting months of policy loosening by the central bank are starting to bear fruit.

“Regulators’ credit easing measures have significantly supported loan growth in March,” said Ning Zhang, a senior economist at UBS, while noting that loan demand usually picks up due to seasonal factors during the month.

China’s banking and insurance regulator has told big state-owned banks to increase loans to smaller companies by more than 30 percent in 2019, adding that it would also increase its tolerance for non-performing loans at small firms.

The country’s top four banks warned last week that bad loans could rise and interest margins would shrink industry-wide this year.

While monthly readings can be volatile, outstanding yuan loan growth on a year-on-year basis likely held steady at 13.4 percent, the poll showed.

Broad M2 money supply was seen rising 8.2 percent on-year, up from a 8.0 percent gain in February.

China’s biggest lender Industrial and Commercial Bank of China (ICBC),, is planning more than 100 billion yuan of loans to small businesses this year at the behest of Beijing, and has already doled out over half of the amount in the first quarter.

But analysts say it will be months yet before the credit surge translates into stronger economic activity, assuming many companies are using the funds for expansion and not merely refinancing existing debt at lower rates.

TSF, a broad measure of credit and liquidity in the economy, was estimated to have swelled to 1.744 trillion yuan in March, more than double the 703 billion yuan in the previous month, buoyed by an acceleration in local government special bond issuance as Beijing looks to ramp up infrastructure investment.

TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.

MORE EASING ON THE WAY

Signs are growing that a flurry of support measures are starting to gain traction, after China’s economic growth slowed last year to a 28-year low.

Activity in the vast manufacturing sector unexpectedly returned to growth in March, while the services sector accelerated, business surveys showed.

But given the lag time between credit growth and actual business expansion, analysts believe China will need to loosen policy further in coming months to ensure a sustained economic turnaround.

The central bank has already slashed banks’ reserve requirements five times over the past year and more reductions are expected in coming quarters, with analysts tipping the next move by mid-April.

RELUCTANT BORROWERS

To be sure, loan growth in China has looked solid at the start of the year as the central bank keeps its liquidity taps open. But with company earnings slumping to multi-year lows, business confidence remains weak overall.

A vice president of Agriculture Bank Of China said last week that a lack of willingness to expand has limited corporate loan demand.

China’s central bank governor last month pointed out lending rates for small firms were still relatively elevated because of concerns they are higher risks, and said policymakers will push ahead with interest rate reforms to resolve the issue.

Premier Li Keqiang also said recently that China will cut “real interest rate levels” and lower financing costs for companies, though it was not clear which rates he was referring to.

Most analysts do not expect China to cut its benchmark lending rate unless economic conditions deteriorate sharply, which would risk adding to a mountain of debt. But sources have told Reuters the central bank may cut money market rates, which is has already been guiding lower in various ways.

(Reporting by Lusha Zhang and Beijing Monitoring Desk; Editing by Kim Coghill)

Source: OANN

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Goldman’s Apple pairing furthers bank’s mass-market ambitions

FILE PHOTO: Logo of Apple is seen at a store in Zurich
FILE PHOTO: The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann -/File Photo

March 26, 2019

By Elizabeth Dilts and Anna Irrera

NEW YORK (Reuters) – Goldman Sachs Group Inc’s credit card deal with Apple Inc is the latest move by the Wall Street investment bank to court mass-market consumers, potentially connecting Goldman with hundreds of millions of iPhone users.

But Goldman is entering a crowded market for co-branded cards where retailers often have the upper hand, and analysts question how much tolerance its shareholders will have for growing the bank’s fledgling consumer business through credit card lending.

Goldman has been courting consumers since the 2016 launch of its online bank Marcus, and with its first credit card it is targeting fee-conscious ones. There will be no annual or late fees, and customers will pay variable annual interest rates of between 13.24 percent and 24.24 percent, according to Apple’s website.

Apple and Goldman did not disclose the economic terms of their partnership when it was announced on Monday.

But banks have been increasingly willing to take less favorable deals because post-financial crisis regulations make the credit card business attractive for lenders, which are required to hold less capital against such debt than against other assets.

“As this kind of benign credit environment continues retailers have a greater leverage than they had a few years ago,” said a person involved in similar credit card deals.

Issuing banks retain control of approving customers for cards, often using data the retailer has on shoppers as part of the process, the person said.

Goldman Chief Executive David Solomon said in an email to employees on Monday that the card is a “major step” in the bank’s plan to grow its consumer business.

Solomon has said the consumer business is a critical part of the bank’s strategy to grow revenues and cut costs, as revenue shrinks in traditional areas of strength for Goldman like bond trading.

But many investors have been uneasy with Goldman growing its unsecured consumer debt, especially at a time when many speculate that a recession could be looming, said UBS analyst Brennan Hawken.

Marcus now has $45 billion in customer deposits in the United States and the U.K., and has issued $5 billion in personal loans, according to Solomon’s email.

While the amount of loans is small compared to the bank’s overall balance sheet, Hawken said investors would likely prefer Goldman stick to using its consumer business to add deposits, as opposed to personal loans or credit card debt.

“People want Goldman to be Goldman,” Hawken said. Goldman declined comment for this article.

The Apple Card’s wide interest rate range indicates that some customers might have lower credit scores, said Josh Siegel, chief executive of StoneCastle Financial Corp. However, the bank may not necessarily keep that risk on its books.

“They might securitize the debt, which wouldn’t be anything new for an investment bank,” Siegel said. “I can’t imagine that Goldman Sachs, all of a sudden, especially with where we are in the credit cycle, is going to go long on unsecured consumer debt.”

As this is Goldman’s first foray into credit cards, it may take the bank a year or two to assess the quality of its credit decisions, according to an industry expert who declined to be named.

The same person said that the stated range of possible interest rates on unpaid balances was too wide to clearly show how much credit risk Goldman expects to take.

Credit risk concerns aside, analysts said that Goldman’s decision to launch its first credit card in partnership with one of the world’s biggest companies gives it the opportunity to gain consumer market share.

While Apple says its card is “created by Apple, not a bank,” according to its website, the Goldman Sachs logo will appear on the back of the card.

“For Goldman this is a play for massive distribution without having to contort too much,” said Lex Sokolin, global director of fintech strategy and partner at Autonomous Research.

“It makes their brand way better at least in the retail and mass affluent marketplace.”

(Reporting By Elizabeth Dilts and Anna Irrera in New Yor. Additional reporting by David Henry in New York and Stephen Nellis in California; Editing by Neal Templin and Meredith Mazzilli)

Source: OANN

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A Florida measure that would ban sanctuary cities is set for a vote Friday in the state’s Senate after clearing its first hurdle earlier this week.

The bill would effectively make it against the law for Florida’s police departments to refuse to cooperate with federal immigration officials.

“The Governor may initiate judicial proceedings in the name of the state against such officers to enforce compliance,” a draft version of the Senate bill reads.

A House version of the bill, which passed by a 69-47 vote Wednesday, adds that non-complying officials could be suspended or removed from office and face fines of up to $5,000 per day. Republican Gov. Ron DeSantis is expected to sign off on the measure, although it’s not clear which version.

FLORIDA MAY SEND A BIG MESSAGE TO SANCTUARY CITIES

Florida Rep. Carlos Guillermo Smith (D-Orlando), during a press conference at the Florida Capitol in Tallahassee, speaks out against bills in the House and Senate that would ban sanctuary cities in the state.

Florida Rep. Carlos Guillermo Smith (D-Orlando), during a press conference at the Florida Capitol in Tallahassee, speaks out against bills in the House and Senate that would ban sanctuary cities in the state. (AP)

LAWRENCE JONES: NEEDLES, DRUG USE AND HUMAN WASTE ARE THE NEW NORMAL IN SAN FRANCISCO

Florida is home to 775,000 illegal immigrants out of 10.7 million present in the United States, ranking the state third among all states.

Nine states — Alabama, Arizona, Georgia, Iowa, North Carolina, Mississippi, Missouri, Tennessee and Texas — already have enacted state laws requiring law enforcement to comply with Immigration and Customs Enforcement.

Florida doesn’t have sanctuary cities like the ones in California and other states. But Republican lawmakers say a handful of their municipalities — including Orlando and West Palm Beach – are acting as “pseudo-sanctuary” cities, because they prevent law enforcement officials from asking about immigration status when they make arrests.

“There are still people here in the state of Florida, police chiefs that are just refusing to contact ICE, refusing to detain somebody that they know is here illegally,” Florida Republican Rep. Blaise Ingoglia said earlier this month. “So while the actual county municipality doesn’t have an actual adopted policy, they still have people in power within their sheriff’s department or police department that refuse to do it anyway.”

Florida’s Democratic Party has blasted the anti-Sanctuary measures, while the Miami-Dade Police Department says it should be up to federal authorities to handle immigration-related matters.

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“House Republicans today sold out their communities to Donald Trump and Ron DeSantis by passing this xenophobic and discriminatory bill,” the state’s Democratic Party said Wednesday after the House passed their version of the bill. “It’s abhorrent that Republican members who represent immigrant communities are now turning their backs on their constituents and jeopardizing their safety.

“Florida has long stood as a beacon for immigrant communities — and today Republicans did the best they could to destroy that reputation,” they added.

Fox News’ Elina Shirazi contributed to this report.

Source: Fox News National

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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The Amish population in Pennsylvania’s Lancaster County is continuing to grow each year, despite the encroachment of urban sprawl on their communities.

The U.S. Census Bureau says the county added about 2,500 people in 2018. LNP reports that about 1,000 of them were Amish.

Elizabethtown College researchers say Lancaster County’s Amish population reached 33,143 in 2018, up 3.2% from the previous year.

The Amish accounted for about 41% of the county’s overall population growth last year.

Some experts are concerned that a planned 75-acre (30-hectare) housing and commercial project will make it more difficult for the county to accommodate the Amish.

Donald Kraybill, an authority on Amish culture, told Manheim Township commissioners this week that some in the community are worried about the development and the increased traffic it would bring.

___

Information from: LNP, http://lancasteronline.com

Source: Fox News National

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Fox News correspondent Geraldo Rivera has warned that if Democratic 2020 presidential candidates don’t take the crisis at the border seriously, they’ll do so at their own risk.

Speaking with “Fox & Friends” hosts on Friday morning, Rivera discussed the influx of candidates entering the race, including former Vice President Joe Biden, and gave an update on the newest developments at the border.

“If [Democrats] don’t take it seriously they ignore it at their peril,” Rivera said.

He went on to discuss the fact that Mexico is experiencing the same problems dealing with volumes of people at the border as the United States is. Processing facilities, as many have argued, are understaffed and underresourced, resulting in conditions that have been controversial.

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“It is very, very difficult when hundreds and hundreds become thousands and thousands ultimately become tens of it is very difficult to have an orderly system,” he said.

Rivera asserted his opinion that the United States could lessen the influx of migrants coming into the country by investing in the development of Central American countries, where many are fleeing from violence and economic instability.

“I believe, as I have said before on this program, that we have to stop the source of the migrant explosion, by a comprehensive system of political and economic reform in Central America where people have the incentive to stay home,” Rivera said.

“I think we have help Mexico with its infrastructure. Mexico has a moral burden, as the president made very clear, not to let unchecked herds of desperate people flow through 2,000 miles of Mexican territory to get our southern border.”

Rivera also brought up President Trump’s controversial comments about Mexican immigrants during his campaign in 2016.

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The Fox News correspondent said that having been so excited about Trump’s campaign, the comments made him feel “deflated” as a Hispanic American.

However, as the crisis at the border has accelerated over the last few years, Rivera argued that ultimately, the president’s comments weren’t incorrect.

“He is now in a position where he can justly say I was right, that the that the anarchy at the border doesn’t serve anybody,” Rivera said. “Maybe he said it in a language I felt was a little rough and insensitive, but there is no doubt.”

Source: Fox News Politics

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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