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Instant View: Steady Fed sees no more hikes in 2019

U.S. Federal Reserve Chairman Powell holds news conference following two-day policy meeting in Washington
U.S. Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. REUTERS/Jonathan Ernst

March 20, 2019

NEW YORK (Reuters) – The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the economy.

In a major shift in its perspective, the Fed also now expects to raise borrowing costs only once more through 2021, and no longer anticipates the need to guard against inflation with restrictive monetary policy.

Market reaction:

Stocks: The S&P 500 reversed losses to turn 0.3 percent higher. The Dow turned 0.1 percent higher. Bonds: The 10-year U.S. Treasury note yield fell to 2.5405 percent and the 2-year yield fell to 2.4003 percent.

Forex: The dollar index reversed slight gains and was off 0.63 percent.

Comments:

Brian Jacobsen, senior investment strategist, Wells Fargo Asset Management, Milwaukee, Wisconsin

“I didn’t think they’d do it, but they came across as more dovish than what was expected. Wrapping up the balance sheet run-off by the end of September rather than the end of December was the biggest surprise. Beginning in October they will keep allowing the MBSs to run-off, but replace them with Treasuries. There was also more consensus on ‘no hikes for 2019’ than I thought there would be.

“While the ECB’s dovish tilt was taken as a bearish omen for the Eurozone economy, the Fed’s dovish tilt is viewed as much more bullish. The key difference was in the messaging. The ECB’s was couched in terms of weakness. The Fed’s is couched in terms of caution.”

Danielle Hale, chief economist, Realtor.com, Washington

“It’s no surprise that the Fed decided to hold rates steady today, given its January pledge of taking a patient approach to reviewing data and making interest rate decisions. But today’s meeting also gives us clues about the road ahead for mortgage rates, which are influenced by both short-term rates and the longer-term economic outlook. Despite current short term rate increases, recent economic forecasts have been less certain, which has caused mortgage rates to slip recently.

“With today’s downgrade of the forecast for 2019 and 2020 from the Fed and lowered expectations for the median Fed Funds rate in this time, we expect this trend to continue with steadiness or even further potential declines in mortgage rates. While a plus for home buyers, if concerns about the economic outlook rattle consumer and home buyer confidence, it could offset the benefit of lower mortgage rates.”

Mohamed El-Erian, chief economic adviser, Allianz, Newport Beach, California

“The Federal Reserve continued its move to a significantly more dovish policy stance, delivering to bullish investors exactly what they were hoping and betting for in terms of the outlook for interest rates and balance sheet.”

Doug Ramsey, chief investment officer, Leuthold Group, Minneapolis, Minnesota

“It sounded like to me as if I were listening to the (European Central Bank.) I had to read the Fed statement twice. It was a surprise. I think we are on the cusp of that – Does the Fed know something we don’t? What I found most interesting is more of the change in tone than substance by the Fed at this point. We are cautious on the stock market and moderately bullish on the bond market. We continue to forecast an economic slowdown. I wouldn’t be surprised to see a rate cut later this year – around the fourth quarter. And I wouldn’t necessarily take that as a bullish thing.”  

Peter Cardillo, chief market economist, Spartan Capital Securities, New York

“It’s very dovish, obviously. They talked about the balance sheet (reductions)… and it does appear now they have abandoned raising rates for the remainder of the year. But that came also with lower economic activity, not by much, but they lowered some of their forecasts. Basically, this should be positive for stocks and hard assets as well.

“If rates go down, it’s less of a headwind for stocks. It doesn’t mean we’ll turn into a super bull market.”

Andre Bakhos, managing director, New Vines Capital LLC, Bernardsville, New Jersey

“The markets are viewing the fact that there will be no more rate hikes this year positively and it creates a risk-on scenario and if we can get a trade deal done in this stabilizing environment it could set up very nicely down the line.

“The markets have rallied very strongly on the news and that type of strong move is indicative of a sigh of relief and what one would deem as the best case scenario. In other words, a slowing economy is good as it keeps rates low, it shows that we can have growth even though the economy is slowing down and that helps markets.”

“This is going to create a good trading environment, and net-on-net this is a sigh of relief for traders and something the markets could focus on in the nearer term while we wait for a better visibility in China.”

Leslie Falconio, senior strategist, UBS Global Wealth Management’s Chief Investment Office, New York

“We anticipated the Fed removing one dot in 2019 and leaving one dot. They’ve removed both hikes in 2019. They’ve removed two hikes in 2020, leaving only one hike. That’s a bit dovish which is pushing yields down.

“They came out a bit more dovish than what the market was anticipating and what we were anticipating. The yield curve is therefore steepening. The long end is underperforming a little in Treasuries. When it comes to the balance sheet, although we were anticipating for the balance sheet (runoff) to cease we needed confirmation for exactly when they’d do that.”

“The market had already priced that the fed wouldn’t raise this year. That’s why you’re not getting as big a move. The market was right. It was pricing out two hikes this year and from what the Fed gave us the market was correct.”

Luke Tilley, chief economist, Wilmington Trust, Wilmington, Delaware

“The Fed moved in a much more dovish direction than anticipated on the rate hikes. That should be pretty supportive to the market. The action on the balance sheet is also supportive of markets.”

“We are not concerned that the Fed has downgraded its GDP forecast. Our forecast has been about 2 percent growth for 2019 for quite some time, so the Fed is coming down closer to our expectation. The dovishness on rates is less about anticipated growth and more about the fact that we simply don’t have any signs of inflation picking up.”

Chuck tomes, associate portfolio manager, Manulife Asset Management, Boston

“Overall it seems the Fed was able to solidify their dovish view as there are no rate hikes priced in for this year and only one rate hike for 2020. That was more dovish than people were expecting at the margin, even though the market was looking for a dovish Fed today.

“The dollar has come under pressure against a large number of currencies around the world.”   

Josh Bivens, director of research, the Economic Policy Institute, Washington, D.C.

“This is a welcome pause from the too-regular increases of the past couple of years. It is also a pause warranted by the economic data. There are clear signs that past rate increases are slowing spending growth through traditional transmission channels – slower residential investment growth and lower net exports – and 2019 will see the fiscal boost from tax cuts and higher spending levels fade rapidly. While wage growth is clearly healthier in recent years, productivity has also staged what looks increasingly like a durable, if unspectacular, rebound. This productivity rebound has helped keep price inflation firmly within – or even under – the Fed’s long-run targets. At this point, the key challenge facing the Fed in coming years is likely not going to be how to keep inflation in check, instead it will be how to keep the recovery going as long as possible to let workers finally eke out some significant gains. Indications that the Fed is unlikely to raise rates this year suggest they realize this.” 

Gennadiy Goldberg, interest rate strategist, TD Securities, New York

“It’s fairly dovish I’d say, given that there were 11 dots going to zero hikes in 2019, which is certainly quite a move lower. The fact that they’ve announced balance sheet runoff ending I think is certainly quite dovish as well. In a sense I think this is quite a bit more dovish than the market was priced for and that’s why you’re seeing Treasuries rally and equities rally as well. I think the expectation in the markets was a lowering to one dot. I think that was really the consensus and the fact that we’ve had 11 at zero, so effectively no hikes this year, sends a pretty dovish signal to the market.”

Joe Manimbo, senior market analyst, Western Union Business Solutions, Washington

“The Fed exceeded markets’ dovish expectations which took a toll on the greenback. The Fed did a big about-face on policy. The fact that the Fed threw in the towel on a 2019 rate hike was particularly dovish. Still, with the Fed erring more on supporting growth, it could reduce the chance of a rate cut in the months ahead. As for the timing on the end of balance sheet normalization, September is the early side of expectations.”

Evan Brown, head of macro asset allocation strategy, UBS Asset Management, New York

“It definitely skewed on the dovish side of expectations. The main surprise is that the Fed projects zero hikes in 2019. Whereas our broad expectation, and the expectation of consensus, was for them to leave in at least one hike in 2019. So, they’re effectively saying they’re done for the year.

“There’s one hike projected for 2020 but there’s a long time between now and then and so the market is effectively taking the view that the Fed is done tightening.  

“The balance sheet rolloff information is coming in in line with expectations. The main surprise is having no hikes in 2019 for the median dot projection – and there was a surprisingly high number of FOMC members who were in favor of that.”

Walter Todd, chief investment officer, Greenwood Capital, Greenwood, South Carolina

“The market had already priced in no hikes for 2019, but the Fed kind of validated that with the dots. That’s somewhat significant. The clarification on when they are going to end the balance sheet, maybe that was sooner than people anticipated, end of September. That’s the two things that the market is maybe reacting to at this point.”

(Americas Economics and Markets Desk; +1-646 223-6300)

Source: OANN

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Agency collects animals killed by cars, poachers for tribes

Arizona Native American tribes on the hunt for animal hides, antlers, teeth and other parts for cultural and religious use have a unique new resource: the state's wildlife agency.

A recently launched program allows Arizona's nearly two dozen tribes to make requests to the state Game and Fish Department for animals that have died from poaching or natural causes, or after being hit by a vehicle.

Agency game managers, researchers and other employees then keep an eye out for the carcasses as part of their regular work.

"It's all just opportunistic collection of what we find out in the field," said the department's tribal liaison, Jon Cooley, who grew up on the Fort Apache reservation in eastern Arizona.

So far, the program's biggest customers are the Navajo Nation, which has collected bear and mule deer carcasses, and the Hopi Tribe, which has requested turtle shells, and turkey and water fowl feathers. The agency also gathered turtle shells for New Mexico pueblos, often used as ankle or hand rattles in ceremonial dances.

The animal parts — as long as they are not badly decayed — are taken to several freezers across the state for pickup. Typically, they would be left for scavengers, thrown away or even burned.

The Game and Fish Department had been working informally with tribes for years to deliver animal parts, and Cooley said it's become more formal now with an established shopping list of sorts, and better communication with tribes and wildlife officials.

Native American tribes traditionally have made use of all parts of an animal. Bones and antlers were crafted into spoons, knife handles and weapons. Clothing and shoes were made from animal hides and pelts. Glue could be drawn from hooves. Tribal regalia is adorned with feathers, bone breast plates and necklaces made of animal teeth.

Parts of the animal were eaten as soon as they were killed, and some was dried and saved for later.

The repository doesn't distribute feathers from eagles or other federally protected migratory birds. The federal government has a repository in Denver for tribes to legally obtain eagle feathers. The Comanche Nation in Oklahoma and a wildlife rescue organization near Phoenix distribute feathers from hawks, falcons and other birds to members of federally recognized tribes.

In Arizona, the items highest in demand are tortoise shells. Also on the tribes' lists are mountain lions, bison, deer, antelope, and game birds like turkeys. The requests are specific, so Cooley said the department doesn't want the public donating animals or gathering them from the roadside.

"What we don't want to become is a depot for dead critters. That's not the intent," Cooley said.

One thing Game and Fish employees won't store is bears that have been tranquilized, because chemicals could be in the fatty tissues and some tribes prefer not to take animals that have been drugged, Cooley said.

While the Navajo and Hopi have been the biggest beneficiaries so far, the plan is to allow tribes in a broader area — including Southern California, Nevada, Utah, Colorado and parts of Texas and Oklahoma — to draw from the repository if Arizona tribes don't need what's there, Cooley said.

The Arizona program appears to be unique in the West. States like New Mexico and Montana allow people to salvage animals that have been killed on the road, sometimes for free, but it's not specific to tribal members. Alaska accommodates requests for wildlife from Native people on a case-by-case basis.

The Native American Fish and Wildlife Society floated the idea at one of its conferences of buying freezers for the Arizona Game and Fish Department to store animals and "everyone was on board, everyone was in support of it," said Darren Talayumptewa, who sits on the society's board of directors. The society purchased four freezers for Arizona.

"In the past, if the tribes had seen something dead, if it was roadkill, they would try to see how they could obtain it," he said. "Back in the day ... there was really no process for Native Americans obtaining various parts."

For Hopi, the carcasses allow the tribe to honor the animals, offering them up in prayer.

"No part of the animal is squandered or discarded," said Clayton Honyumptewa, director of the tribe's Department of Natural Resources. "The ultimate veneration of any animal is through its use in ceremonies and prayers conducted for the renewal and continuation of life."

Source: Fox News National

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A County In New York Has Completely BANNED All Unvaccinated Children From ALL Public Places

One county in New York is taking extremely drastic measures in an attempt to force all children to get vaccinated for measles. 

Starting on Wednesday, any child that has not received the measles vaccine will be banned from all public places.  That means that they will not be able to go to school, to church or to any store.  In fact, just walking down the sidewalk will be a violation of this countywide “state of emergency”.  Rockland County has essentially declared a state of medical martial law, and it is scheduled to last for the next 30 days

Rockland County declared a countywide State of Emergency relating to the ongoing measles outbreak — the longest outbreak since the disease was eradicated in the United States in 2000, according to officials.

Effective at the stroke of midnight, Wednesday, anyone who is under 18 years of age and unvaccinated against the measles will be barred from public places until this declaration expires in 30 days or until they receive the MMR vaccination.

So what has caused Rockland County to go to such extremes?

According to Rockland County Executive Ed Day, something had to be done because there have been 153 confirmed cases of measles in the county.


Officials in Rockland County, NY declared a countywide state of emergency Tuesday as medical martial law has made it’s debut by banning unvaccinated children from public spaces. Mike Adams joins Alex to break down this dystopian development.

And the penalties that will be imposed upon anyone convicted of violating this state of medical martial law are quite draconian

Anyone found in violation of the declaration could spend six months in jail and/or a $500 fine, Day said. However, Day said the county is not looking to arrest people, but rather a means to grab the public’s attention.

According to Day, county officials have been met with “pockets of resistance” from people unwilling to comply with health department advise and this played a part in the declaration.

Of course other communities all across America will be watching to see how the people of Rockland County respond to this declaration of medical martial law.  If there is no uproar, it will set a very important national precedent, and inevitably other local governments around the nation will try the exact same thing.

And where will it stop?

Will all vaccines eventually be forced upon us in such a manner?  The following comes from Natural News

Notably, the government can mandate new vaccines at any time, then claim those new vaccines must also be injected into everyone at gunpoint, then banning those who don’t comply from leaving their own homes. Effectively, this new mandate makes people prisoners in their own homes unless they obey the government’s insane, anti-science vaccination mandates rooted in Big Pharma corruption and the routine bribery of doctors and public health officials.

We live at a time when our most basic health freedoms are under attack.  If we don’t stand up now, we will lose them forever.

More scientific research is coming out all the time that is showing that there are very serious safety concerns regarding our vaccines.

For example, a study that was just released found a clear link between autism and aluminum in vaccines

Autistic children have up to 10 times more of the metal in their brains than what is considered safe in adults, a study found.

Aluminium crosses the membrane that separates the brain from circulating blood and accumulates in cells involved in maintaining a constant internal environment, such as temperature, the research adds.

Study author Professor Chris Exley from Keele University, said: ‘Perhaps we now have the link between vaccination and autism spectrum disorder (ASD), the link being the inclusion of an aluminium adjuvant in the vaccine.’

And another study that former CBS reporter Sharyl Attkisson recently discussed found that seniors are actually more likely to die after getting a flu vaccine

In her blog, Attkisson cites a buried JAMA study from almost a decade ago which showed that there was no improvement in mortality rates among senior citizens with a flu vaccine, even after greatly increased vaccination rates. The study “got little attention,” she says, “because the science came down on the wrong side.” Whereas the researchers had set out to prove that the push for massive flu vaccination would save the world, the researchers were “astonished” to find that the data did not support their presupposition at all. The data actually shows that deaths increased, not decreased, among seniors following vaccination.

When are we going to wake up?

During the drug trials for one flu vaccine that is being specifically marketed to seniors this year, a total of 23 seniors actually died

The high-dose Fluzone vaccine being marketed this flu season to seniors, which has four times the amount of antigens that the regular flu shot has, as well as the non-high dose version, had 23 seniors die during drug trials.

But of course that flu vaccine got put on the market anyway, and we may never know how many seniors have died as a result.

Many doctors will privately admit that people die from vaccine reactions, but they insist that the “benefits” outweigh the costs.

To me, there is no possible “benefit” that can outweigh this high of a cost

I watched every mother’s nightmare unfold yesterday in a conversation on a local online mom’s group.  It began when the baby’s aunt asked frantically for prayers for her nephew, who had gotten his four-month shots that day and was found unresponsive in the evening.  Then we learned the baby had apparently bled from every orifice and had swelling of the brain. The aunt shared that they kept the baby “alive” to give family time to arrive at the hospital.  And then, the baby died.

The aunt told us the probable diagnosis was SIDS. When the family questioned the doctor about whether the vaccines (pneumococcal, H. influenza (HIB), rotavirus, diphtheria, pertussis, tetanus (DTaP) and polio, and perhaps hepatitis B if he had not yet received that at birth) administered just hours before could have caused this massive organ failure and death, the doctor denied the possibility of any causal relationship between the baby’s death and the vaccinations he was given.

What Rockland County is doing is unconscionable, and they should be completely and utterly ashamed of themselves.

Health freedom is not just a political issue.  It is literally a battle over life and death, and it is a battle that we cannot afford to lose.

Source: InfoWars

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Giuliani: IRS ‘Investigated’ Trump’s Taxes But Not Coming for Him

The Internal Revenue Service has already investigated President Donald Trump's income tax returns and has found no fault with them, President Donald Trump's attorney Rudy Giuliani said Wednesday.

"The IRS investigated his taxes," Giuliani told Fox News' "Fox & Friends." "They exist to come after us if we don't pay our taxes. We know they are damn good, and they are confidential and they don't leak. If they haven't gone after him on taxes, that six-year period, then there is nothing wrong with his taxes. They can't investigate his taxes better than the IRS. They want his taxes to embarrass him."

The IRS on Tuesday did not meet a deadline to turn over the documents, which could prompt House Ways and Means Committee Chairman Richard Neal to issue a subpoena for them.

Trump has continued to insist he cannot surrender his returns, as they are under audit.

Giuliani also insisted the White House has "executive privilege" and "I wouldn't give them a damn thing" in response to the growing calls for Trump staffers, past and present, to testify before Congress.

He also slammed Oversight Committee Chairman Elijah Cummings, D-Md., for not going after former Trump attorney Michael Cohen for committing perjury "at least seven times" while testifying earlier this year.

"If Cummings doesn't go after him, then I would say he has proven he is an illegitimate chairman who is conducting a committee hearing for the Democratic National committee not for Congress," he said. "This is not a congressional hearing. They are making a mockery of a correctional hearing."

Source: NewsMax America

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Assange: The Charges, The Reactions, The Danger

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Trudeau defends measure to limit asylum claims in Canada

Prime Minister Justin Trudeau is defending legislation that would prevent people from "asylum shopping" in Canada, barring them from making such a claim if they previously applied for asylum in other safe countries, including the United States.

The proposal was included in a budget bill introduced this week in Parliament. The government is earmarking 1.18 billion Canadian dollars ($880 million) in spending over the next five years to reinforce border security and speed up processing of asylum claims.

Trudeau said Canada has been seeing larger numbers of refugee claims because of global instability. Sustaining Canadians' confidence in the country's asylum system means ensuring those who enter Canada do so according to the law, he said.

"That's why we're putting more resources in, and we're also ensuring the system is fair for everyone," Trudeau told reporters Wednesday.

Authorities say that since early 2017, more than 41,000 asylum-seekers have "irregularly" crossed into Canada, meaning they arrived without going through an official port of entry. By doing so, they take advantage of a loophole in Canada's Safe Third Country Agreement with the U.S. that allows people who cross irregularly to make refugee claims. Asylum-seekers trying to enter at official border crossings are turned back to the U.S. — a country Canada considers safe for them.

The influx of irregular migrants to Canada began after U.S. President Donald Trump announced he would end a program that offers temporary protected status to people from several countries, serving notice he would seek to return them to homelands that the United States had previously considered too dangerous. The U.S. also eliminated domestic and gang violence as possible grounds for asylum.

Refugee advocates, lawyers and opposition parties have questioned the asylum proposal, saying that disallowing asylum-seekers in Canada who have made prior refugee claims in other countries could see them sent back to dangerous situations.

Members of Parliament have asked to divide the non-budgetary measures from the budget bill so the asylum proposal can be voted on separately.

Source: Fox News World

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New Mexico declares state of emergency over influx of migrants: report

A New Mexico county on Wednesday declared a state of emergency over an influx of immigrants crossing the border in recent months and asked the governor to send in the National Guard for protection, according to a report.

Otero County, which touches neighboring El Paso, issued a declaration Wednesday that urged Democratic Gov. Michelle Lujan Grisham to deploy National Guard Troops and reopen Customs and Border Patrol checkpoints to stem the flow of drugs and other illegal activity at the border, The Alamogordo Daily News reported.

Grisham’s predecessor, Gov. Susana Martinez, deployed 200 National Guard troops to New Mexico’s border with Mexico in April 2018. But Grisham removed the guardsmen from the border ahead of President Trump’s State of the Union, in a rejection of “the federal contention that there exists an overwhelming national security crisis at the southern border, along which are some of the safest communities in the country.”

YUMA, ARIZONA MAYOR DECLARES EMERGENCY OVER MIGRANT SITUATION

Otero County Commissioners have threatened legal action if their demands were not met in one week.

“If this demand is not met by the State of New Mexico in one week’s time, the County of Otero will take action itself to provide security and safety and well-being for the people in this county,” Otero County Commission Chairman Couy Griffin said.

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The county’s board of commissioners voted unanimously on the declaration. In response, Grisham’s office said the “National Guard does not and would not operate federal checkpoints,” and instead directed Otero County officials to the Department of Homeland Security and Emergency Management for assistance.

Source: Fox News National

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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