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U.S. current account deficit hits 10-year high; firms bring back more foreign profits

FILE PHOTO: Sheets of Lincoln five dollar bill are fanned out at the Bureau of Engraving and Printing in Washington
FILE PHOTO: Sheets of former U.S. President Abraham Lincoln on the five-dollar bill currency are fanned out at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo

March 27, 2019

WASHINGTON (Reuters) – The U.S. current account deficit increased more than expected in the fourth quarter amid declining exports, pushing the overall shortfall in 2018 to its highest level in 10 years, and U.S. companies repatriated a record amount of foreign earnings last year following the Republican tax overhaul.

The Commerce Department said on Wednesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, rose 6.1 percent to $134.4 billion. The quarterly current account gap was the largest since the fourth quarter of 2008.

Data for the third quarter was revised to show the deficit rising to $126.6 billion from the previously reported $124.8 billion. Economists polled by Reuters had forecast the current account deficit rising to $130.0 billion in the fourth quarter.

The current account gap represented 2.6 percent of gross domestic product in the fourth quarter, the largest share since the second quarter of 2012. It was up from 2.5 percent in the July-September period.

The deficit increased 8.8 percent in 2018 to $488.5 billion, the highest level since 2008. For all of 2018, the current account deficit averaged 2.4 percent of GDP, the biggest share since 2012, from 2.3 percent in 2017.

The deficit on the current account has shrunk from a peak of 6.2 percent of GDP in the fourth quarter of 2005, in part because of a significant increase in the volume of oil exports.

In the fourth quarter, exports of goods fell 0.9 percent to $416.1 billion, while imports were unchanged at $649.1 billion.

Meanwhile, the flow of foreign profits repatriated by U.S. companies slowed to $85.9 billion in the fourth quarter from an upwardly revised $100.7 billion in the prior period, reflecting a diminishing impact from corporate tax overhaul that went into effect last January.

Earnings repatriation peaked at $294.7 billion in the first quarter immediately after the law took effect but has tailed off each quarter since. Even so, it remains well above pre-tax cut levels.

For the full year, foreign profits brought back to U.S. shores by American companies surged to a record $664.9 billion, more than four times the $155.1 billion logged in 2017 and more than twice the previous record in 2005.

(Reporting By Lucia Mutikani; Editing by Andrea Ricci and Dan Burns)

Source: OANN

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Catalan government official under fire after tweet quoting Anne Frank

A Catalan government official who purportedly compared the removal of pro-secession symbols from public buildings in Spain to Holocaust diarist Anne Frank was met with sharp criticism by many who called it “shameful.”

Elsa Artadi, the spokesperson for the government in Catalonia, sparked widespread criticism earlier this week when she posted on Monday a photo of Frank alongside a page from her famous diary.

“‘We aren’t allowed to have our own opinion. People want us to keep our mouth shut, but this doesn’t stop you having your own opinion. Everyone should be allowed to say what they think.’ A very appropriate quote from Anne Frank for today, which marks the 69th anniversary of her death in Bergen-Belsen,” Artadi wrote in the tweet, which also included a yellow ribbon in solidarity with Catalan separatists on trial for rebellion.

Earlier this week, Spain’s electoral commission ordered the yellow ribbons and separatists “estelada” flags removed from official buildings, claiming they are partisan symbols that should not be used by regional authorities ahead of the general and European elections in April and May.

CATALAN SEPARATISTS LINE UP IN A ROW IN COURT AS LANDMARK, POLITICALLY-CHARGED TRIAL BEGINS IN MADRID

The tweet – which had a factual error as Frank died 74 years ago in February or March 1945 – was quickly panned, including from Israeli diplomats and former French Prime Minister Manuel Valls.

“Nothing, nothing can be compared with the Holocaust to promote a political cause. This comparison is shameful!” responded Assaf Moran, the deputy chief of mission at the Israeli embassy in Madrid.

Valls, who is running for the mayor in Barcelona in May’s elections, called Artadi’s tweet a “disgrace.”

“A disgrace and a lack of historical knowledge. Spain is a democracy. How can it be compared to the Holocaust? Enough of all this nonsense!”

Another Twitter user wrote: “What you have said can only be described as an aberration and an insult to the victims of Nazism. How dare you try to compare yourself with millions of exterminated people? Unheard.”

Catalan separatists declared independence from Spain unilaterally in Oct. 2017 but received no international recognition.

The 12 Catalan separatists are charged with sedition and other alleged crimes. Their trial is expected to last months.

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Artadi has not commented nor apologized for the tweet, however, did follow up with a second message about freedom and democracy, while commenting on the decision by the electoral commission.

“Without freedom of expression there is no democracy and that without democracy there is no freedom of expression. I don’t know which of the two things annoys me more.”

Source: Fox News World

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The Latest: Suspect in student’s death not at hearing

The Latest on the killing of a South Carolina college student (all times local):

4:35 p.m.

The man charged with kidnapping and killing a college student who police say mistakenly got into his car did not appear at a jail hearing.

Nathaniel David Rowland will remain in jail at least until his bond hearing at an undetermined date.

Police say the 24-year-old Rowland killed 21-year-old University of South Carolina student Samantha Josephson on Friday after she got into his car thinking it was her Uber ride.

The State newspaper reported the judge at Sunday's hearing allowed Josephson's mother to speak.

Marci Josephson said her daughter was bubbly, loving and full of life and planned to go to law school after graduating in May.

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11:30 a.m.

Authorities say a South Carolina college student kidnapped and killed after mistakenly getting into what she thought was a ride share car had wounds all over her body.

Arrest warrants released Sunday morning said 21-year-old Samantha Josephson had numerous wounds to her head, neck, face, upper body, leg, and foot. The documents didn't say what was used to attack the University of South Carolina student.

Authorities have charged 24-year-old Nathaniel David Rowland with murder and kidnapping.

The arrest warrants say a large amount of what DNA testing showed to be Josephson's blood was found inside Rowland's vehicle and trunk after police say he was arrested early Saturday just blocks away from where Josephson was kidnapped the night before.

The warrants say Rowland turned on the child locks in his vehicle so the back doors could only be opened from the outside and also had turned on the window locks.

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10:45 a.m.

Authorities say the man who kidnapped and killed a South Carolina college student who mistakenly thought she was getting in her ride share car was arrested in the same area the next night.

Columbia Police Chief Skip Holbrook says 24-year-old Nathaniel David Rowland will be charged with kidnapping and murder in the death of 21-year-old Samantha Josephson.

Holbrook says quick DNA testing determined Josephson's blood was in Rowland's car after his arrest Saturday near the same bar district in Columbia where Josephson was kidnapped the night before. The chief says her cellphone was also found in the vehicle.

Holbrook says Rowland activated the child locks so the back doors could only be opened from the outside.

Rowland is being held without bond. It wasn't known if he had a lawyer.

Source: Fox News National

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Trump’s pick for No. 3 Justice Department post withdraws from consideration

United States Attorney for the District of Columbia Jessie Liu speaks during a news conference to discuss
United States Attorney for the District of Columbia Jessie Liu speaks during a news conference to discuss "efforts to reduce violent crime" at the Department of Justice in Washington, U.S., December 15, 2017. REUTERS/Joshua Roberts

March 28, 2019

WASHINGTON (Reuters) – Jessie Liu, the current U.S. attorney for the District of Columbia, has withdrawn from consideration to serve as the third-ranking official in the U.S. Justice Department, a department spokeswoman said on Thursday.

Department spokeswoman Kerri Kupec said the decision was made because of objections from the Senate Judiciary Committee.

President Donald Trump had said earlier this month he intended to nominate Liu to be associate attorney general – a job that involves overseeing the department’s civil litigation, including antitrust matters, civil rights, and environmental law.

(Reporting by Andy Sullivan)

Source: OANN

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Report: At least 13 dead in South Africa church collapse

Local media in South Africa report that at least 13 people are dead after part of a church collapsed.

Broadcaster News24 cites KwaZulu-Natal emergency medical services spokesman Robert McKenzie as saying heavy rainfall may have been to blame for the collapse Thursday night in Dlangubo.

The report says the collapse at the Pentecostal church occurred as an Easter season service was underway.

It cites McKenzie as saying six people were seriously injured.

Officials are on their way to the site of the collapse.

Source: Fox News World

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Formula One announces long-term partnership with Puma

Bahrain Grand Prix
Formula One F1 - Bahrain Grand Prix - Bahrain International Circuit, Sakhir, Bahrain - March 31, 2019 Ferrari's Sebastian Vettel, Ferrari's Charles Leclerc and Mercedes' Valtteri Bottas in action at the start of the race REUTERS/Hamad I Mohammed

April 4, 2019

LONDON (Reuters) – Formula One has agreed a long-term deal with Puma for the German sportswear company to become the sport’s exclusive merchandise retail partner, it said on Thursday.

Formula One said Puma had gained the rights to design, produce and sell Formula One branded products trackside at grands prix.

Puma stands and superstores will be present at 17 of the 21 races on the calendar this season.

(Reporting by Alan Baldwin, editing by Toby Davis)

Source: OANN

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Georgia trooper struck by car opens fire, kills driver

Authorities say a woman was killed when a Georgia state trooper opened fire into her car after she struck the officer while trying to flee a traffic stop.

The Georgia Bureau of Investigation was called in to investigate the fatal shooting Tuesday morning along Interstate 95 in coastal McIntosh County.

The agency said in a news release that 22-year-old Sasha Ann Pishko of Clermont, Florida, had been pulled over by the trooper when she drove off during the traffic stop, hitting the trooper with her car. The release says the trooper fired multiple gunshots into the vehicle, which crashed after traveling a short distance.

Pishko died at the scene. The GBI said an autopsy will determine the cause of death.

The trooper was treated for minor injuries.

Source: Fox News National

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“Outdated laws” need fixing to deal with the surge in illegal immigrant families crossing the U.S. border with Mexico, a top Border Patrol official said Friday.

Migrant families face no consequences if apprehended trying to cross the border illegally under present law, Border Patrol chief of Operations Brian Hastings claimed during an appearance on “Fox & Friends.”

“We need a change in the current outdated laws that we’re dealing with for this current demographic and this crisis that we have,” he said.

Hastings said as of Thursday there have been 440,000 apprehensions along the southwest border. There were 396,000 apprehensions all of last year.

SOUTHERN BORDER AT ‘BREAKING POINT’ AFTER MORE THAN 76,000 ILLEGAL IMMIGRANTS TRIED CROSSING IN FEBRUARY, OFFICIALS SAY

And those numbers continue to rise, he said.

Historically 70 to 90 percent of apprehensions at the border were quickly returned to Mexico, Hastings said.

Now, 83 percent of those apprehended have come from the Central American northern triangle which includes Guatemala, El Salvador, and Honduras, and of those 63 percent are “family units” and children who cannot be returned, he said.

“There are no consequences that we can apply to this group currently,” Hastings said. “We’re overwhelmed. If you look at agents there doing a tremendous job trying to deal with the flow.”

The law dictates children have to be released after 20 days of detention.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Sen. Lindsey Graham, R-S.C., says that has forced immigration officials to release entire families because “you don’t want to separate families.”

Recently, he said he is drafting legislation that would allow children to be detained for more than 20 days.

Hastings said agents are frustrated with the situation but are doing the best they can with the resources they have.

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“Up to 40 percent of our agents are processing at any given time,” he said. “That should say that in and of itself is pulling from those border security resources.”

Source: Fox News National

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President Trump on Friday blasted liberal billionaire activist Tom Steyer for his continued push to impeach Trump — with Trump claiming Steyer is “trying to remain relevant” and doesn’t have the “guts” to run for the White House himself.

“Weirdo Tom Steyer, who didn’t have the ‘guts’ or money to run for President, is still trying to remain relevant by putting himself on ads begging for impeachment,” the president tweeted. “He doesn’t mention the fact that mine is perhaps the most successful first 2 year presidency in history & NO C OR O! [Collusion or Obstruction]”

TRUMP IMPEACHMENT BACKERS NOT GIVING UP AFTER MUELLER REPORT

Trump and his allies have pointed to Special Counsel Robert Mueller’s Russia report’s conclusions that there was no evidence of collusion between Russia and the Trump campaign and its decision not to make a conclusion on obstruction of justice as a vindication for the president.

But some Democrats and left-wing activists have pointed to the instances of possible obstruction of justice that the investigation looked into as proof of the need for more investigations or even impeachment proceedings.

ELIZABETH WARREN DOUBLES DOWN ON TRUMP IMPEACHMENT PUSH, SAYS IT’S ‘BIGGER THAN POLITICS’

Steyer has been one of the leaders backing a push to impeach Trump and founded “Need to Impeach” and has kept up that push since the report’s release. He announced on Thursday that he was calling on Speaker Nancy Pelosi, D-Calif., to support impeachment proceedings.

On Friday he responded to Trump’s tweet, calling him “angry and scared.”

“I know you want it all to go away. But for the sake of the country you must face your transgressions. Rage away, but that anger doesn’t matter,” he said in a tweet. The truth and the people will prevail.”

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Impeachment hearings have been backed by a number of House Democrats, as well as 2020 presidential hopefuls Sens. Elizabeth Warren, D-Mass., and Kamala Harris, D-Calif. However, Pelosi has long been skeptical of impeachment proceedings against Trump.

“I’m not for impeachment,” Pelosi told The Washington Post in an interview last month. “Impeachment is so divisive to the country that unless there’s something so compelling and overwhelming and bipartisan, I don’t think we should go down that path, because it divides the country. And he’s just not worth it.”

Source: Fox News Politics

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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.

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

Source: Fox News National

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