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Authorities: Administrator, wife stole $1.2M from church

Authorities say a western Pennsylvania church administrator stole $1.2 million that he and his wife used to pay for vacations, sports tickets and other personal expenses.

The Allegheny County District Attorney's Office says 50-year-old David Reiter, of South Park, is charged with theft, forgery and receiving stolen property. His 44-year-old wife, Connie Reiter, faces two counts of receiving stolen property.

Authorities say the money was stolen from the Westminster Presbyterian Church in Upper St. Clair over the course of about 17 years.

David Reiter had been the church's administrator since 2001. Authorities say he falsified accounting data and created a fake auditor who he claimed handled the church's reviews.

The couple made their initial court appearances Tuesday but didn't enter pleas. It's not known if they've retained attorneys.

Source: Fox News National

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No charges for Louisiana trooper in fleeing driver's death

A Louisiana state trooper who fired six shots into a vehicle fleeing a traffic stop will not be charged in the driver's death.

Citing documents released Monday, The Advocate reports District Attorney Scott Perrilloux decided the September shooting of 23-year-old Coltin LeBlanc was justified.

Body camera video shows Trooper Andre Bezou grabbing the driver's doorframe as LeBlanc tries to drive off. Prosecutors say Bezou would have been dragged or tossed if he hadn't opened fire.

Sherry LeBlanc says Bezou put his own life in danger by grabbing on and didn't have the right to kill her son. An attorney is planning to sue on behalf of Coltin LeBlanc's toddler.

Lt. Nick Manale says State Police will determine whether Bezou will be disciplined for policy violations. He's returned to regular duty.

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Information from: The Advocate, http://theadvocate.com

Source: Fox News National

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2020 Democrats eye dramatic increase in Supreme Court justices: 'All options are on the table'

It's become the hot new topic on the 2020 presidential campaign trail: several Democratic contenders are talking up plans to overhaul the Supreme Court, with some offering proposals to add up to 10 more members.

Candidates including Sens.Cory Booker, D-N.J., Elizabeth Warren, D-Mass., Kamala Harris, D-Calif., and Kirsten Gillibrand, D-N.Y., have all signaled an openness to overhauling the court if they become president. And progressive groups are putting their money behind the message, an effort to tap into lingering liberal anger over President Trump's two nominees confirmed to the high court.

BERNIE SANDERS ANNOUNCES TOP STAFFERS IN WAKE OF SHAKEUP

"First they steal a Supreme Court seat, and then they turn around and change the rules on the filibuster on a Supreme Court seat," Warren said in a recent radio interview. "So when it swings back to us what are we going to do? I think all the options are on the table."

Neil Gorsuch was confirmed after former President Barack Obama's choice -- Judge Merrick Garland -- languished in the Senate without a hearing or vote during the 2016 election year. And Brett Kavanaugh's confirmation process was defined by allegations of sexual misconduct, which riveted and divided the nation last year. Both were confirmed mostly along party lines.

The solution of many Democrats? Add more members, while changing the rules for who can serve and for how long.

Among the proposals are rotating justices on and off the bench from the lower appellate courts and imposing term limits for currently life-tenured federal judges.

"I would like to start exploring a lot of options," Booker said Monday. "Term limits for Supreme Court justices might be one thing."

South Bend, Ind., Mayor Pete Buttigieg's plan is more specific.

"One idea that I think is interesting is, you have 15 members, but only ten of them are appointed in the political fashion. Five of them can only be seated by unanimous agreement of the other ten," he told "Fox News Sunday." "The bottom line is, we've got to make some kind of structural form to depoliticize the Supreme Court."

President Trump fired back at such proposals during a Rose Garden press conference Tuesday.

"I wouldn’t entertain that. The only reason that they’re doing that is they want to try and catch up," he said when asked about so-called court-packing schemes.

It is no secret the other two federal branches have long chafed at high court rulings limiting presidential and congressional power.

ELIZABETH WARREN PITCHES POLICIES TOTALING $100 TRILLION AT TOWN HALL: ESTIMATES

So to change the decisions, the thinking goes, change the deciders. With more choices, a new Democratic president could quickly offset the current 5-4 conservative majority.

But the strategy, even tossed about idly on the campaign trail, can be politically perilous.

"Something this controversial could be bad for Democrats indeed in the 2020 election," said Ilya Shapiro, director of constitutional studies at the libertarian Cato Institute. "Where does it end? If President Kamala Harris adds two justices, then the next Republican president adds two more in a constant cycle, until we end up with 134 people on Supreme Court."

Senator Michael Bennet, D-Colo., himself seriously considering entering the crowded presidential field, was even more dramatic in his dismissal of the idea. The Washington Post reports he repeatedly slammed his head on the table when asked about it.

"Having seen up close just how cynical and how vicious the Tea Party guys and the Freedom Caucus guys and Mitch McConnell have been, the last thing I want to do is be those guys," he said last week. "What I want to do is beat these guys so that we can begin to govern again."

The Constitution does not establish a set number of justices; that is up to Congress. There were initially six members of the high court -- then seven, then nine, then down to eight, then up to ten for a while, then back down to eight, and then at last ticking up to nine more than a century ago, in 1869.

But that was not enough for Franklin D. Roosevelt. Frustrated with the conservative Supreme Court striking down many of his "New Deal" Depression-era social reforms, the Democratic president proposed adding up to six more members.

"I will appoint justices who will not undertake to override the judgment of the Congress on legislative policy," he said in a "Fireside chat" radio address in March 1937.

Roosevelt's so-called "court packing" plan met with widespread public and political condemnation, and was soon abandoned.

When it comes to configuring the federal courts, Congress sets the rules. In 2011, then-Senate Majority Leader Harry Reid, exasperated with GOP opposition to Obama's nominees, eliminated the filibuster threshold for most of the president's judicial choices.

Current Majority Leader Mitch McConnell, R-Ky., expanded the decision in 2017 to include Supreme Court nominees, helping Gorsuch become the 113th justice.

Democratic anger over Trump's success filling the range of federal courts with conservative jurists has been fueling much of the recent court expansion talk. A private advocacy group called "Pack the Court" says it's raised a half-million dollars to gin up support among the 2020 contenders. The group is partnering with other like-minded organizations.

"We strongly believe that reforming the court — especially by expanding it — is the cornerstone for re-building American democracy,” said Brian Fallon, head of Demand Justice and former Hillary Clinton press secretary. "The Kavanaugh court is a partisan operation, and democracy simply cannot function when stolen courts operate as political shills."

Court watchers on both sides of the aisle warn such talk -- from either the right or left -- has little practical or societal benefit.

"What's being proposed is a pure political plan and that's going to be controversial and polarizing," said Shapiro. "If you start adding justices for purely partisan motives, that can't help but divide the country even further."

Source: Fox News Politics

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JPMorgan’s Chase to open 90 branches in nine top U.S. markets

FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo

March 13, 2019

(Reuters) – The consumer banking unit of JPMorgan Chase & Co said on Wednesday that it was planning to open up to 90 new branches in nine top U.S. markets.

Chase said it will hire up to 700 employees in the new markets, including Charlotte, North Carolina; Minneapolis, Minnesota; and Pittsburgh, Pennsylvania from this summer, the bank said in a statement.

(Reporting by Diptendu Lahiri in Bengaluru)

Source: OANN

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Thomas Cook to review money division in latest revamp

FILE PHOTO: A Thomas Cook sign outside one of its London stores
FILE PHOTO: A Thomas Cook sign outside one of the travel company's shops in central London, November 26, 2014. REUTERS/Suzanne Plunkett/File Photo

March 26, 2019

LONDON (Reuters) – Thomas Cook announced a review of its money division on Tuesday, in its latest step to streamline operations and focus on its core holiday business after a rough 2018 prompted profit warnings.

The firm has put its airline business up for sale and closed stores this year, after a heatwave in northern Europe last summer deterred holidaymakers from booking last-minute deals, leading to two profit warnings and speculation among investors that it might need to raise funds.

“The review of Thomas Cook Money will now consider how we focus our resources in those areas that give us the greatest opportunity to make a difference to customers in our core holiday offering,” chief executive Peter Fankhauser said in a statement.

The company said it was considering proposals to align its money unit more closely with the tour operating business.

Thomas Cook, the world’s oldest tour operator, launched the first precursor to travelers checks in 1874, and more than three million customers use the firm for travel insurance and foreign exchange.

As part of the shake-up, UK Chief of Retail and Money Anth Mooney will leave the business, having launched new pre-paid travel cards and holiday insurance products in his two years at Thomas Cook.

(Reporting by Alistair Smout; Editing by Mark Potter)

Source: OANN

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‘I Will Be Looking Into This!’: Trump Warns Facebook For Censoring Social Media Chief

President Trump responded to reports that Facebook temporarily censored his social media director Dan Scavino Jr., warning, “I will be looking into this!”

“Dear Facebook— AMAZING. WHY ARE YOU STOPPING ME from replying to comments followers have left me – on my own Facebook Page!!?? People have the right to know. Why are you silencing me??? Please LMK! Thanks,” Scavino wrote Monday.

Scavino, who has nearly 300,000 followers, included a screengrab showing that Facebook marked his post as “spam” with the message, “You’re temporarily blocked from making public comments on Facebook.”

Trump fired back at Facebook and Big Tech in response.

“I will be looking into this!” he tweeted.

“Facebook, Google and Twitter, not to mention the Corrupt Media, are sooo on the side of the Radical Left Democrats. But fear not, we will win anyway, just like we did before! #MAGA,” he added.

Big Tech’s accelerated censorship and purging of conservative voices has become so prolific that Trump’s son Don Jr. penned an op-ed warning fellow conservatives to prepare to fight or be silenced on social media forever.

Indeed, Rep. Devin Nunes (R-Calif.) announced a $250 million lawsuit against Twitter in the “first of many” lawsuits to come against Big Tech.

“Twitter is a machine,” Nunes’ personal attorney told Fox News. “It is a modern-day Tammany Hall. Congressman Nunes intends to hold Twitter fully accountable for its abusive behavior and misconduct.”


Mike Adams issues his own warning to President Trump about the consequences of idleness, ignorance, and apathy toward the MASSIVE issue of big tech’s coordinated censorship campaign against conservatives in the U.S., especially in relation to campaigning, voting, and political dialogues in general.

Source: InfoWars

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The Latest: Strong storms moving into southeastern US

The Latest on severe weather moving across the United States (all times local):

11:45 a.m.

Forecasters are warning about tornadoes and other violent weather as a storm system moves into the southeastern United States.

The National Weather Service issued a series of tornado warnings about a front pushing eastward from Texas on Thursday. Strong storms covered much of Louisiana.

A tornado watch reached from coastal Louisiana into central Mississippi, and more weather alerts are likely. Flood warnings reached as far north as central Indiana.

The same system produced tornadoes and hail earlier in North Texas, the Texas Panhandle, Oklahoma and southeastern Kansas.

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9:55 a.m.

Severe thunderstorms rumbled across North Texas, the Texas Panhandle, Oklahoma and southeastern Kansas, producing several tornadoes and unleashing widespread hail.

Seven tornadoes were reported across the Plains from the northeastern Texas Panhandle to southeastern Kansas. Strong winds hit elsewhere Wednesday evening, toppling utility poles and trees and downing power lines in parts of North Texas. No significant structural damage has been reported.

The National Weather Service received numerous reports of hail pelting the storm-struck areas. Egg-size hail was reported about 60 miles (95 kilometers) northwest of Fort Worth.

The storms were expected to move Thursday into the Deep South. Dozens of schools in Mississippi and Alabama dismissed students early as a precaution.

The threat comes days after dozens of tornadoes from East Texas to Georgia left at least nine dead.

Source: Fox News National

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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