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Fed Nominee Stephen Moore Defends Record, Calls NYT ‘Wrong’

Federal Reserve Board nominee Stephen Moore Wednesday defended his record as an economist and as an adviser to President Donald Trump, after The New York Times editorial board said he and fellow nominee Herman Cain are "exceptionally unqualified to serve on the Fed’s board."

"These are the people who have gotten it wrong for the past week or four years, who said that if Donald Trump is elected president, we would have a second Great Depression and the stock market would crash," Moore told Fox Business' Maria Bartiromo.

He added that he is "very proud" of the service he and now-National Economic Council Larry Kudlow provided for Trump during his campaign.

Moore pointed out that even though he's not a "Ph.D economist," he was the youngest policy analyst on the budget when he was 25 years old and has been the chief economist for both The Wall Street Journal and the Heritage Foundation. He is currently the chief economist for the Institute for Economic Freedom and Opportunity.

"We helped put together the Trump tax plan and many parts of his agenda," said Moore. "How could anybody argue against it when we have this great economy, and I'm proud of that."

Moore added he was "skeptical" about the Fed's interest rate increase last September and "harshly critical" of another in December.

"Let's go back to the summer of 2018," he said. "We had almost 4% growth which was phenomenal. You had high employment which wage growth, that's what we wanted to create and that was behind the Trump economic agenda and we have to raise rates because growth is too high? I don't get the logic of that."

Source: NewsMax Politics

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Two weeks before India starts voting, Modi predicts easy victory

FILE PHOTO: India's Prime Minister Narendra Modi gestures as he addresses an election campaign rally in Meerut
FILE PHOTO: India's Prime Minister Narendra Modi gestures as he addresses an election campaign rally in Meerut in the northern Indian state of Uttar Pradesh, India, March 28, 2019. REUTERS/Adnan Abidi/File Photo

March 29, 2019

By Subrat Patnaik

NEW DELHI (Reuters) – Prime Minister Narendra Modi said on Friday his ruling coalition would increase its majority in India’s upcoming election, despite some independent analysts suggesting it could disappear due to discontent over lack of jobs and depressed farm incomes.

Involving around 900 million voters, India’s general election will be the world’s largest democratic exercise, with the vote taking place in seven phases between April 11 and May 19.

Results will be announced on May 23, and in an interview with Republic Bharat television channel, Modi predicted an easy victory.

“The Bharatiya Janata Party (BJP) and its National Democratic Alliance partners will get more seats than the previous election,” Modi said.

In 2014, Modi led his Hindu nationalist BJP and its allies to the biggest majority scored by any political group in nearly 30 years, as a Congress Party led government paid the price for a faltering economy.

During Modi’s tenure the economy has gathered strength, but growth has been uneven, leaving large sections of the population unhappy.

Though his approval ratings still trail Modi’s, rival Rahul Gandhi has worked hard to revive Congress and forge partnerships with regional parties.

Up until a few weeks ago most opinion polls were expecting a close run race, but over the past month, Modi’s BJP has benefited from nationalist fervor unleashed by a flare up in tensions with neighboring Pakistan.

Modi dismissed Gandhi’s chances this time round, predicting the opposition would have to wait another five years to mount a serious challenge.

“The ‘Modi vs who’ question could arise in 2024, but in 2019 the citizens have made up their mind and are not looking for anyone else.”

As yet, no major survey has emerged measuring the impact on voter intentions from the upsurge in tensions with Pakistan.

The Indian opposition accuses Modi of using national security to score political points, especially after he addressed the nation on Wednesday to announce that India made a space breakthrough by shooting down one of its satellites in space using an anti-satellite missile.

During the interview, Modi again swiped Pakistan over a

militant attack that killed 40 Indian paramilitary police last month in the disputed Kashmir region.

The Indian prime minister said he would not enter talks with Islamabad until “the world sees that Pakistan has taken action against terrorism.”

Pakistan has denied any role in the attack and has said it is ready to hold talks with India to address the core issue of Kashmir.

($1 = 69.1490 Indian rupees)

(Reporting by Subrat Patnaik; Editing by Sanjeev Miglani and Simon Cameron-Moore)

Source: OANN

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Official: Islamic extremists abduct 2 Cuban doctors in Kenya

A Kenyan official says suspected Islamist militants have abducted two Cuban doctors after killing their bodyguard in Kenya's northern county of Mandera.

David Ohito, the communications director of the Mandera County government, said the doctors were ambushed on the road as they headed to work Friday.

A police official identified the two as Dr. Assel Herera Correa, a general physician, and Dr. Landy Rodriguez, a surgeon. More than 100 Cuban doctors were brought to Kenya in an exchange program that saw around 50. travel to Cuba for specialized training last year.

Source: Fox News World

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UN expert says Kim Jong Un demand shows sanctions work

The head of the U.N. panel monitoring sanctions against North Korea says the fact that the only thing Kim Jong Un asked for at the Hanoi summit was to have sanctions lifted shows they are biting — despite his increasingly sophisticated efforts to evade the tough measures.

Hugh Griffiths said in an interview Tuesday that the eight experts' message to Kim would be: "The Security Council is serious" and its resolutions "are very explicit."

The last sanctions resolution adopted unanimously by the council in December 2017 included sharply lower limits on North Korea's import of refined oil products and crude oil.

Griffiths noted that the resolution commits the Security Council to further restrict petroleum exports to North Korea if it conducts another nuclear test or launches an intercontinental ballistic missile.

Source: Fox News World

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French foreign minister at German Cabinet under new pact

France's foreign minister is attending a meeting of Germany's Cabinet, following up on a friendship treaty that the two European powers signed earlier this year.

German Foreign Minister Heiko Maas said as he welcomed French counterpart Jean-Yves Le Drian on Wednesday he hoped the visit was "setting in motion a long-lasting tradition." The two ministers are set to meet again in New York later this week, where Germany is coordinating its presidency of the U.N. Security Council in April with France's presidency this month.

France and Germany signed a pact in January renewing the decades-old friendship between two countries that have traditionally led European integration but also had frequent disagreements. It calls for a member of one country's government to attend the other's Cabinet at least once per quarter.

Source: Fox News World

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Southern Baptist president says database of abusers possible

More than a decade after the Southern Baptist Convention rejected the idea of creating a database of ministers credibly accused of sexual abuse, leaders say the possibility is on the table.

The denomination already was looking at how it could better respond to abuse when two Texas newspapers published an investigation last week that detailed hundreds of cases of abuse in its churches.

Those revelations added a sense of urgency to a meeting of the SBC's executive committee on Monday night, where President J.D. Greear reported on the progress of a sexual assault advisory committee.

He said the advisory group was studying the possibility of a database but that the subject is complicated.

He also suggested the denomination should kick out churches that show a wanton disregard for sexual abuse.

Source: Fox News National

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China's 'deadbeats' barred from planes, high-speed trains, have special ring tones because of bad credit

Daily life has become pretty slow and sticky for the 13 million Chinese citizens deemed “deadbeats” by their Communist ruling party.

But despite little being known about the mysterious national database, curated by China’s Supreme Court, information has been trickling out as to the punishments inflicted on the blacklisted.

CHINA BANS 23 MILLION FROM TRAVELING AS PART OF CITIZEN REPORT CARD SYSTEM

According to the South China Morning Post, those 13 million are prohibited from taking airplanes or high-speed trains, meaning they are sometimes forced to take cross-country expeditions in cramped and crowded slow trains that can take days.

Some individuals have also reportedly had a special ringtone applied to their phones so as to shame them in front of their family and friends, according to the report.

The “discredited individuals” list was concocted in 2013 as a means to motivate Chinese people into good monetary behavior.

US SPEAKS UP FOR MINORITY MUSLIM UIGHURS IN CHINA - WHILE ISLAMIC COUNTRIES STAY MOSTLY SILENT

According to data from the National Public Information Center, by the end of 2018 more than 17.5 million people had been stopped from taking flights and more than 5.5 million were prohibited from high-speed train travel.

Being designated a “discredited individual” - referred to as laolai in Chinese - often stems from one acquiring bad credit and too much debt, and comes with a slew of other grievances beyond the scope of “luxury” travel.

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Unlike time spent behind bars for a crime, this list has no term limit. Until you can pay your debts, life will be far from lush. But some argue that they can’t pay their debts because their ability to run successful businesses or hold down good jobs is impeded by the restrictions and stigmas that come being classed a “deadbeat.”

Source: Fox News World

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FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 26, 2019

By Tom Arnold

LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.

Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.

Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.

Vettivetpillai could not be reached for a comment.

Naqvi, in a statement released through a PR firm, has pleaded innocent.

The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.

Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.

Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.

(Editing by Jane Merriman)

Source: OANN

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Former Vice President Joe Biden announces his 2020 candidacy
Former U.S. Vice President Joe Biden announces his candidacy for the Democratic presidential nomination in this still image taken from a video released April 25, 2019. BIDEN CAMPAIGN HANDOUT via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

April 26, 2019

By James Oliphant

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden, in his first interview as a Democratic presidential candidate, said on Friday that he does not believe he treated law professor Anita Hill badly during the 1991 confirmation hearings for Supreme Court Justice Clarence Thomas.

Biden had joined the burgeoning 2020 Democratic field a day earlier.

Biden’s conduct during those hearings, when he was chairman of the U.S. Senate Judiciary Committee, became a renewed subject of controversy after the New York Times reported that Biden had called Hill earlier this month in the run-up to his presidential bid and that Hill was dissatisfied with Biden’s expression of regret.

Appearing on ABC’s “The View,” Biden largely defended his actions as a senator almost 30 years ago, saying he believed Hill’s allegations of sexual harassment levied at Thomas and tried to derail his confirmation.

Activists have long been unhappy that Hill was questioned in graphic detail by the all-white, all-male committee chaired by Biden.

“I’m sorry she was treated the way she was treated,” Biden said, but later, he asserted, “I don’t think I treated her badly. … How do you stop people from asking inflammatory questions?”

“There were a lot of mistakes made across the board and for those I apologize,” he said.

Biden praised Hill as “remarkable” and said she is “one of the reasons we have the #MeToo movement.”

Asked why he had not reached out to Hill earlier, Biden said he had previously publicly stated he had regrets about her treatment and that he “didn’t want to quote invade her space.”

That seemed to be a reference to another controversy that looms over Biden’s presidential run: allegations by several women that he made them uncomfortable by touching them at political events.

Biden also addressed that criticism, saying he was now more “cognizant” about a woman’s “private space.” But he maintained that he had been “trying to bring solace.”

He suggested he was still trying to sort out the guidelines for his conduct going forward.

“I should be able to read better,” he said. “I have to be more careful.”

Pressed by the show’s panel for an apology to his accusers, Biden would not entirely capitulate.

“So, I invaded your space,” he replied. “I mean, I’m sorry this happened. But I’m not sorry in a sense that I think I did anything that was intentionally designed to do anything wrong or be inappropriate.”

Biden, 76, served as former President Barack Obama’s vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

His first public event as a presidential candidate is scheduled for Monday in Pittsburgh.

(Reporting by James Oliphant; editing by Jonathan Oatis)

Source: OANN

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FILE PHOTO: The logo of Tesla is seen in Taipei
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.

With investors betting Tesla will soon raise capital, the stock has fallen 13% for the week to its lowest level since January 2017, before the launch of the Model 3 sedan aimed at making the electric car maker profitable.

One positive development for Tesla: a U.S. District Court judge on Friday granted a request by Musk and the Securities and Exchange Commission for a second extension to resolve a dispute over Musk’s use of Twitter.

On Wednesday, Tesla posted a worse-than-expected loss of $702 million for the March quarter. Musk said Tesla would return to profit in the third quarter and that there was “some merit” to raising capital.

Musk is still battling to convince investors that demand for the Model 3, the company’s first car aimed at the mass consumer market, is “insanely” high, and that it can be delivered efficiently to customers around the world.

Tesla ended its first quarter with $2.2 billion, down from $3.7 billion in the prior quarter, and the company is planning expansions including a Shanghai factory, an upcoming Model Y SUV, and other projects.

(GRAPHIC: Tesla’s cash – https://tmsnrt.rs/2DyJjX6)

On Monday, Musk hosted a self-driving event, where he predicted Tesla would have over a million autonomous vehicles by next year. Some analysts perceived the presentation as a way to deflect attention from questions about demand, margin pressure, increasing competition and even Musk’s ongoing battle with U.S. regulators.

Tesla’s stock has now fallen 29 percent in 2019 and the company’s market capitalization has declined to $41 billion from $63 billion in mid-December.

(GRAPHIC: Tesla’s declining market cap – https://tmsnrt.rs/2Dwd62r)

Analysts now expect Tesla’s revenue to expand 19% in 2019, compared with 83% growth in 2018 and 68% growth in 2017, according to Refinitiv.

Following Tesla’s quarterly report, 12 analysts recommend selling the stock, while 11 recommend buying and eight are neutral. The median analyst price target is $275, up 16% from the stock’s current price of $236. Berenberg analyst Alexander Haissl has the most optimistic price target, at $500, while Cowen and Company’s Jeffrey Osborne has the lowest, at $160, according to Refinitiv.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

Source: OANN

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Former Arkansas Governor Mike Huckabee said Friday that Deputy Attorney General Rod Rosenstein’s rare public criticism of the Obama administration was a “soft” way of accusing the previous administration of covering up Russia’s attempts at hacking the 2016 presidential election.

While speaking Thursday in New York at the Public Servants Dinner of the Armenian Bar Association, Rosenstein said that the Obama administration “chose not to publicize the full story about Russian computer hackers and social media trolls and how they relate to Russia’s broader strategy to undermine America.”

During an appearance on “America’s Newsroom” Friday morning, Huckabee called the comments an “unusually candid moment for Rosenstein.”

“I thought it was a soft way of him saying there was a cover-up,” Huckabee said. “They knew the Russians were attempting to influence the election and attempting to hack the election but they didn’t fully disclose that to the American people and certainly didn’t disclose it to the Trump campaign.

SWALWELL NOT CERTAIN TRUMP ISN’T A ‘RUSSIAN ASSET’

“Instead they tried to set a trap for them. It failed. The Trump team did not take the bait. And that’s the one conclusion that we can certainly come away with from the $35 million worth of investigation,” Huckabee continued.

Next week, Attorney General William Barr will testify before Congress and is expected to answer questions about Special Counsel Robert Mueller’s investigation of President Trump, which found that there was not adequate evidence to conclude that President Trump and his administration colluded with Russia, though the president could not be exonerated in terms of the possibility that he obstructed justice.

Barr will testify to the Senate Judiciary Committee next Wednesday and to the House Judiciary Committee the following day.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG 

“It is going to be a theater, an absolute show,” Huckabee said of the hearings. “Just like the Kavanaugh hearings were and like everything else is in Congress. We ought to close the curtain on them and can’t come back until after the election. They aren’t doing their job anyway. We aren’t paying them because they’re doing a wonderful service to the country and spare us the hypocrisy of thinking they’re interested in getting to the bottom of the facts,” he continued.

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Ultimately, Huckabee argued, if Americans “took their partisan hats off,” they would see that President Trump was exonerated by the investigation.

Source: Fox News Politics

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Sri Lanka's former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake
Sri Lanka’s former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake, Sri Lanka April 12, 2019. REUTERS/Dinuka Liyanawatte

April 26, 2019

By Sanjeev Miglani and Shihar Aneez

COLOMBO (Reuters) – Sri Lanka’s former wartime defense chief, Gotabaya Rajapaksa, said on Friday he would run for president in elections this year and would stop the spread of Islamist extremism by rebuilding the intelligence service and surveilling citizens.

Gotabaya, as he is popularly known, is the younger brother of former President Mahinda Rajapaksa and the two led the country to a crushing defeat of separatist Tamil rebels a decade ago after a 26-year civil war.

More than 250 people were killed in bomb attacks on hotels and churches on Easter Sunday that the government has blamed on Islamist militants and that Islamic State has claimed responsibility for.

Gotabaya said the attacks could have been prevented if the island’s current government had not dismantled the intelligence network and extensive surveillance capabilities that he built up during the war and later on.

“Because the government was not prepared, that’s why you see a panic situation,” he said in an interview with Reuters.

Gotabaya said he would be a candidate “100 percent”, firming up months of speculation that he plans to run in the elections, which are due by December.

He was critical of the government’s response to the bombings. Since the attacks, the government has struggled to provide clear information about how they were staged, who was behind them and how serious the threat is from Islamic State to the country.

“Various people are blaming various people, not giving exactly the details as to what happened, even people expect the names, what organization did this, and how they came up to this level, that explanation was not given,” he said.

On Friday, President Maithripala Sirisena said the government led by premier Ranil Wickremesinghe should take responsibility for the attacks and that prior information warning of attacks was not shared with him.

Wickremesinghe said earlier he was not advised about warnings that came from India’s spy service either, presenting a picture of a government still in disarray since the two leaders fell out last October.

Gotabaya is facing lawsuits in the United States, where he is a dual citizen, over his role in the war and afterwards.

The South Africa-based International Truth and Justice Project, in partnership with U.S. law firm Hausfeld, filed a civil case in California this month against Gotabaya on behalf of a Tamil torture survivor.

In a separate case, Ahimsa Wickrematunga, the daughter of murdered investigative editor Lasantha Wickrematunga, filed a complaint for damages in the same U.S. District Court in California for allegedly instigating and authorizing the extrajudicial killing of her father.

Gotabaya said the cases were baseless and only a “little distraction” as he prepared for the election campaign. He said he had asked U.S. authorities to renounce his citizenship and that process was nearly done, clearing the way for his candidature.

‘DISMANTLE THE NETWORKS’

He said that if he won, his immediate focus would to be tackle the threat from radical Islam and to rebuild the security set-up.

“It’s a serious problem, you have to go deep into the groups, dismantle the networks,” he said, adding he would give the military a mandate to collect intelligence from the ground and to mount surveillance of groups turning to extremism.

Gotabaya said that a military intelligence cell he had set up in 2011 of 5,000 people, some of them with Arabic language skills and that was tracking the bent towards extremist ideology some of the Islamist groups were taking in eastern Sri Lanka was disbanded by the current government.

“They did not give priority to national security, there was a mix-up. They were talking about ethnic reconciliation, then they were talking about human rights issues, they were talking about individual freedoms,” he said.

President Sirisena’s government sought to forge reconciliation with minority Tamils and close the wounds of the war and launched investigations into allegations of rights abuse and torture against military officers.

Officials said many of these secret intelligence cells were disbanded because they faced allegations of abuse, including torture and extra judicial killings.

Muslims make up nearly 10 percent of Sri Lanka’s population of 22 million, which is predominantly Buddhist.

(Reporting by Sanjeev Miglani; Editing by Frances Kerry)

Source: OANN

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