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Larry Kudlow talks about the economy on Tax Day: ‘We’ve been booming’

White House National Economic Council Director Larry Kudlow shared his Tax Day message on "Fox & Friends" Monday saying the economy is "booming," unemployment is down and prosperity is spreading.

“We've been booming, absolutely booming. The economy is growing, unemployment is down, blue-collar wage earners are growing faster than their white-collar counterparts, women have reentered the labor force, profits are significant,” Kudlow said. “There are so many good things we could talk about.”

This year, Tax Day is the first time that tens of millions of Americans get to see on paper the impact of the Trump tax cuts.

CHARLIE KIRK: HAPPY TAX DAY? IT IS UNLESS YOU'RE A DEMOCRAT

The “Tax Cuts and Jobs Act” (TCJA) was passed into law in December of 2017 and went into effect at the beginning of 2018. It passed on a very strict party-line vote basis, with Democrats universally objecting to it.

Some of the key highlights for individuals that went into effect are: five of the seven marginal tax brackets had the tax rate reduced, the standard deduction was effectively doubled for each type of filer, the ObamaCare mandate was repealed, and the child tax credit was doubled.

KUDLOW: US ECONOMY HOTTEST IN WORLD

On “Fox & Friends,” Kudlow was asked to explain why the president’s selections for the Federal Reserve board, Stephen Moore, a conservative economic analyst and frequent critic of the Fed, and former Republican presidential candidate Herman Cain caused such a “ruckus,” referring to the headline of a USA Today article published Monday.

“You know President Trump, first of all, he’s a disruptor. He wants to add some new blood to the Fed,” Kudlow responded.

He added: “They (Moore and Cain) believe that faster economic growth and lower unemployment, which is what we've had because of the new tax incentives and the regulatory rollback and the opening up of energy and the trade reforms. So what? We picked up growth by a percent to three, unemployment is down, it’s been below 4 percent, wages are rising.

"Now, they do not believe that causes inflation. That's a key point. Conventional economists, many of whom work at the Fed, seem to believe too many people working and prospering and succeeding is bad. All right? So our guys, these nominees have a completely different view. It's common sense, is it not? Let me ask you, too many people working is that good or bad?”

CLICK HERE TO GET THE FOX NEWS APP 

Kudlow called Moore and Cain “unconventional appointments” and went on to explain in greater detail part of the logic behind the decision to appoint them.

“Is faster growth better than slower growth? The answer is yes. Should you raise interest rates just because you have supply-side tax cuts and a booming business investment and the hottest economy in the world? The answer is no,” said Kudlow adding that “we’ll see what happens with them.”

Source: Fox News Politics

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'Trigger' abortion bill clears Oklahoma Senate panel

Oklahoma would automatically ban abortions if the U.S. Supreme Court overturns its landmark 1973 ruling that legalized abortion nationwide under a bill that has cleared a Senate panel.

While abortion opponents chanted, prayed and sang hymns outside the committee room, the Senate Health and Human Services Committee voted 11-4 on Monday for the so-called "trigger" abortion ban . Similar bills already have passed in Arkansas, Louisiana, Mississippi, North Dakota and South Dakota.

Many of the abortion opponents were upset that a separate bill by Republican Sen. Joseph Silk to make abortion a felony crime was not granted a hearing.

Senate President Pro Tem Greg Treat described Silk's bill as a dangerous precedent by a state to ignore a U.S. Supreme Court ruling.

Source: Fox News National

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Israel launches Gaza strikes after rockets fired at Tel Aviv

Smoke and flame are seen during an Israeli air strike in Gaza
Smoke and flame are seen during an Israeli air strike in Gaza March 15, 2019. REUTERS/Mohammed Salem

March 15, 2019

By Nidal al-Mughrabi

GAZA (Reuters) – Israeli military aircraft bombed Hamas facilities in the Gaza Strip on Friday, hours after two rockets were launched from the Palestinian enclave at Tel Aviv in the first such attack since a 2014 war.

There was no immediate word of casualties in the air strikes that hit six buildings used by the dominant Islamist group’s security forces, and which had been evacuated as a precaution.

Witnesses said powerful explosions from the air strikes rocked buildings in Gaza and lit the skies over targeted sites

The Israeli military said it was targeting “terror sites” in Gaza. In a possible sign of further escalation, it said rocket sirens were sounded in Israeli communities near the Gaza border.

On Thursday night, the sirens howled farther north, in Tel Aviv, Israel’s commercial capital, set off by what the military said were two incoming, longer-range rockets from Gaza.

That salvo caused no casualties or damage, missing built-up areas. But it rattled Israeli nerves ahead of an April 9 election in which Prime Minister Benjamin Netanyahu is seeking a fifth term on the strength of his national security credentials.

Explosions were heard in Tel Aviv and witnesses said Iron Dome interceptor missiles were fired skyward and detonated – although the military said no rockets were shot down.

It was the first such attack on the city since the 2014 Gaza war between Hamas and Israel. There have been several smaller rounds of fighting since, reined in by Egyptian and U.N. mediations.

“This was basically a surprise,” military spokesman Brigadier-General Ronen Manelis told Israel Radio on Thursday.

In that interview, Manelis said Israel did not yet know who had carried out the rocket launches. But another Israeli military spokesman laid the blame with Hamas on Friday.

“Hamas carried out the rocket fire against Tel Aviv yesterday evening,” Lieutenant-Colonel Avichay Adraee said.

Hamas denied involvement, saying the launches took place as its leaders met Egyptian delegates about efforts to secure a long-term ceasefire with Israel.

Islamic Jihad and the Popular Resistance Committees, two smaller Gaza armed factions, also denied responsibility.

Israeli analysts speculated that Palestinian militants opposed to any deal between Hamas and Israel were behind the launchings.

The flare-up of Thursday and Friday drew a U.S. statement of support for Israel. “Hamas and other terror orgs in Gaza continue to fail their people day after day & drag Gaza further & further down by constantly choosing violence,” tweeted Jason Greenblatt, the White House’s Middle East envoy. “This method will never work. Ever!”

Naftali Bennett, a member of Netanyahu’s security Cabinet who is vying against him for rightist votes in the looming election, demanded the assassination of Hamas chiefs. “The time has come to defeat Hamas once and for all,” he said on Thursday.

Netanyahu also faced pressure from the center-left opposition, whose leading candidate, former General Benny Gantz, said: “Only aggressive, harsh action will restore the deterrence that has eroded” under the prime minister’s watch.

Tensions have been high for the past year along the Israel-Gaza frontier since Palestinians began violent protests near Israel’s border fence that have often drawn a lethal response from the Israeli military.

About 200 Palestinians have been killed in the demonstrations and about 60 more Palestinians have died in other incidents, including exchanges of fire across the border. Two Israeli soldiers have been killed by Palestinian fire.

(Reporting by Nidal al-Mughrabi; Writing by Dan Williams; Editing by Peter Cooney)

Source: OANN

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Spain’s Sanchez hardens position on Catalonia ahead of election

Spanish Socialist Workers' Party (PSOE) kicks off the general election campaign in Dos Hermanas
Spain's Socialist leader and current Prime Minister Pedro Sanchez points to the screen as they kick off their election campaign during a PSOE party meeting ahead of the April 28 general election in Dos Hermanas, near Seville, Spain April 12, 2019. REUTERS/Jon Nazca

April 14, 2019

MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez, who faces a national election in two weeks’ time, has said he will act with “strength and proportion” against any attempt by Catalan separatists to repeat their 2017 independence bid.

Catalonia’s failed attempt to secede from Spain and Madrid’s approach to the region has become the defining issue ahead of the April 28 election, in which polls show a coalition of right-wing, unionist parties could seize a majority in parliament.

“If we see the laws of the constitution or the Statute of Autonomy in Catalonia broken once more, the state of law led by this government will act with strength and proportion against any challenge,” Sanchez said in an interview published in Hoy newspaper.

In such an event, Sanchez suggested he could apply direct rule to Catalonia, repeating the decision of former Prime Minister Mariano Rajoy who took over the regional government during the secession crisis in 2017.

“It’s an article of the constitution. And we are a government that is going to apply the constitution and make sure it is followed throughout the country,” Sanchez said when asked if he would use the Article 155 law.

While the conflict has eased since the height of the secession crisis, Catalonia’s demand for an independence referendum that Madrid has against ruled out has vexed further attempts at a resolution.

In February Sanchez called an early election after Catalan separatists witheld support for his budget, effectively dooming it to defeat.

Spanish unionist parties, including the relatively new far-right part Vox, have campaigned on fervent opposition to Catalan independence and criticized Sanchez’s attempts to re-establish dialogue with separatists.

Sanchez’s Socialists are predicted to win the elections but potentially needing the support of other parties, perhaps including Catalan separatists, to govern, polls show. nL5N21V0K5

In a softening of positions, pro-independence parties suggested this weekend that they may support a Sanchez government to avoid the possibility of a right-wing, unionist coalition forming a government in its place. nL5N21V05T

(Reporting by Sam Edwards; Editing by Angus MacSwan)

Source: OANN

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Critics pounce as Warren says she's got 'zero' sympathy for parents in college admissions bribe scandal

Sen. Elizabeth Warren, D-Mass., said she had “zero” sympathy for parents caught up in the college cheating scandal during a Wednesday appearance on MSNBCesday morning.

Warren did not elaborate on her feelings after being asked the question as part of a number of rapid fire questions posed by “Mornin’ Joe” co-host Mika Brzezinski.

Critics pounced on Warren who herself has been embroiled in controversy over her alleged Native American heritage.

“Elizabeth Warren just said she had ‘zero’ sympathy for the parents involved in the college admissions cheating scandal,” Republican National Committee chairwoman Ronna McDaniel tweeted. “It’s ironic that she’s so offended given that she lied about being a minority to climb the Ivy League ladder.”

WARREN RELEASES DNA ANALYSIS

Warren, a 2020 presidential candidate who is originally from Oklahoma, had for decades claimed to have a Native American heritage; her critics say she used it to advance her career by promoting herself as a “minority.” Warren denies that.

Earlier this month it was reported that Warren herself indicated that her race was "American Indian" in a handwritten registration form filed in 1986 with the Texas State Bar.

President Trump regularly mocks Warren on the issue, referring to her as “Pocahontas.”

Fifty people have been charged in the college admissions scandal, including more than 30 parents and nine coaches. 

WHO IS WILLIAM RICK SINGER, THE COLLEGE ADMISSIONS CHEATING SCANDAL'S ALLEGED RINGLEADER

"This is just stunning," Warren told ABC News Tuesday. "To me this is just one more example of how the rich and powerful know how to take care of their own."

Fox News' Gregg Re contributed to this report.

Source: Fox News Politics

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Vegetarian patty gets the Burger King Whopper test

Impossible Foods Chief Executive Pat Brown poses in front of a flame broiler cooking its plant-based patties at a facility in Redwood City
Impossible Foods Chief Executive Pat Brown poses in front of a flame broiler cooking its plant-based patties at a facility in Redwood City, California, U.S. March 26, 2019. REUTERS/Jane Lanhee Lee

April 1, 2019

By Jane Lanhee Lee

(Reuters) – Vegetarian burgers may finally be getting the recognition they need to go main stream. On Monday Burger King and Silicon Valley startup Impossible Foods announced the roll-out of the Impossible Whopper in 59 stores in and around St. Louis, Missouri.

To mark the launch on April Fool’s day, the burger giant released a hidden-camera-style promo video showing the serving of plant-based Whoppers instead of meat to customers who marvel that they cannot tell the difference.

“We wanted to make sure we had something that lived up to the expectations of the Whopper,” said Burger King’s North America president, Christopher Finazzo. “We’ve done sort of a blind taste test with our franchisees, with people in the office, with my partners on the executive team, and virtually nobody can tell the difference.”

The Impossible Whopper comes at an extra cost – about a dollar more than the beef patty Whopper. But Finazzo said research shows consumers are willing to pay more for the plant-based burger.

Plant-based meat has been gaining popularity as more attention is focused on the environmental hazards of industrial ranching. Finazzo said his research shows customers mainly like it for the health benefits. The Impossible Burger patty has zero cholesterol.

Impossible Foods, based in Redwood City, California, launched its first faux meat patty over two years ago. A genetically modified yeast creates the key ingredient, called heme, which makes the patties appear to bleed and taste like real meat.

Burger King is not the first to serve up a no-meat burger. Los Angeles-based Beyond Meat in early January announced it was rolling out its plant-based burger at fast-food chain Carl’s Jr. Beyond Meat counts actor Leonardo Di Caprio and Microsoft founder Bill Gates as investors.

Finazzo said Burger King also researched Beyond Meat, but decided that Impossible Food’s offering was a better fit. “Around the taste, around the brand recognition, around the price, all those things were important factors in choosing Impossible,” he said

Impossible Foods, which also counts Gates as an investor, tailored a patty specifically for the Whopper, according to Chief Executive Pat Brown. 

“We’re now in well over 6,000 restaurants. If the Burger King launch is as successful as I expect it to be, and we go nationwide, that will add more than 7,000 restaurants that serve the Impossible Burger,” Brown said.

(Reporting by Jane Lanhee Lee; Editing by Leslie Adler)

Source: OANN

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EU’s Juncker says ‘slightly worried’ about Italian economy

European Commission President Juncker delivers a speech during a debate on the outcome of the latest European Summit on Brexit, at the European Parliament in Strasbourg
European Commission President Jean-Claude Juncker delivers a speech during a debate on the outcome of the latest European Summit on Brexit, at the European Parliament in Strasbourg, France, March 27, 2019. REUTERS/Vincent Kessler

April 2, 2019

ROME (Reuters) – The president of the European Commission, Jean-Claude Juncker, said on Tuesday he was “slightly worried” about the state of the Italian economy and urged the government to do more to boost growth.

After talks with Italian Prime Minister Giuseppe Conte, Juncker told reporters that was “great love” between Italy and the European Commission.

Rome and Brussels clashed last year over Italy’s budget plans for 2019 before finally agreeing on a compromise deal that allowed the government to borrow more than initially envisaged. Juncker said the accord was based on a 2019 growth projection of one percent, but added that this was now overly optimistic.

(Reporting by Francesca Piscioneri, Editing by Crispian Balmer)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

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