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Greenpeace Co-Founder Moore: Climate Crisis 'Fake,' AOC 'Twit'

Dr. Patrick Moore, whose claims of being a Greenpeace co-founder are again being denied by the organization, insisted Tuesday that claims of a climate crisis are "fake news," and ridiculed Rep. Alexandria Ocasio-Cortez's, D-N.Y., "Green New Deal" as unworkable while explaining why he had called her a "pompous little twit" earlier this month.

"It's a silly plan," Moore told Fox News' "Fox & Friends." "That's why I suggested that she was a pompous little twit, twit meaning silly in the British lexicon and pompous meaning arrogant. She really rubbed me the wrong way when she said she's the boss. Because she can make up a proposal that's completely ridiculous and no one else did."

Moore said Tuesday "of course climate change is real," but the "whole climate crisis, as they call it, is not only fake news, it's fake science . . . a little bit of warming would not be a bad thing for myself, being a Canadian. And the people in Russia wouldn't mind a little couple of degrees warmer either."

President Donald Trump tweeted Moore's quote on the climate crisis, adding a "wow!" at the end of his comment, but Greenpeace spoke out about Moore and his comments.

Greenpeace, however, has long denied Moore was a co-founder, even though he had been listed as one on its websites until around 2007, reports The Daily Caller. The organization tweeted Tuesday it does not agree with his statements.

"Patrick Moore was not a co-founder of Greenpeace," Greenpeace USA tweeted. "He does not represent Greenpeace. He is a paid lobbyist, not an independent source. His statements about @AOC & the #GreenNewDeal have nothing to do with our positions."

Source: NewsMax Politics

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Colombia: Even Maduro's relatives seeking relief from outage

The blackout engulfing Venezuela is forcing many to seek refuge — even, as it turns out, President Nicolas Maduro's own relatives.

Authorities in neighboring Colombia said the leader's cousin, Argimiro Maduro, along with his spouse, children and extended relatives, approached a border checkpoint leading into Colombia on Monday seeking relief from the power outage.

According to officials, the group of 10 complained that the heat was unbearable as the blackout dragged on and said they wanted to spend five days in Riohacha, a city in northern Colombia with easy access to turquoise beaches along the Caribbean Sea.

But their plans were dashed when migration authorities found their names on a list of over 300 people with close ties to Maduro who should be denied entry.

"While the people of Venezuela die in hospitals because of the lack of electricity, we're not going to allow those close to the Maduro regime to vacation in Colombia, evading the reality of a people in agony," Colombia Migration Director Christian Kruger said.

Photos released by Colombian migration official show the group seeking access in baseball caps and shorts. One man wore a T-shirts with palm trees.

Maduro did not comment on the report that his family was seeking access to Colombia, though he has told Venezuelans in statements broadcast on state television that he has been suffering through the blackout alongside them.

Colombia's government has recognized opposition leader Juan Guaido as Venezuela's rightful president and recently began denying entry to close Maduro associates as a way of increasing pressure on his administration to hold new elections.

Maduro severed diplomatic relations with Colombia in late February after opposition leaders tried to bring international humanitarian aid collected in the Colombian border city of Cucuta across two bridges into Venezuela. The bridges remain closed except for access to students and patients.

Thousands of Venezuelans enter Colombia each day seeking food and medical care and sometimes they come with the goal of leaving permanently. The United Nations estimates at least 3.4 million Venezuelans have fled their homeland in recent years.

A power outage that struck last Thursday at the evening rush hour left almost the entire nation in the dark. Venezuela's information minister said Tuesday that the power grid had been almost completely restored, though there were still some pockets reported without power.

Venezuelan authorities are blaming the outage on a cyberattack, but engineers with knowledge of the grid's operating system say that was essentially impossible because the computers used have no internet connection and communicate only with each other.

Venezuelans have been taking extreme measures to find relief from the outage, parking their cars alongside the road wherever they can find a cellphone signal and collecting buckets of water from the badly polluted Guaire River in capital city Caracas.

Source: Fox News World

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Mueller Report Is Litmus Test for a Divided Society

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The conclusion of the Mueller investigation has created an interesting litmus test that reveals the underlying political biases of the American public.


As with a normal litmus test, let’s say the results will either turn red or blue, but in this case those colors do not signify acid or base, nor do they even signify Republican or Democrat as convention would have it, nor even truth and falsehood as distinguished by the color of the pills in "The Matrix."


What the litmus test of the Mueller report reveals is whether or not we as individuals, as political parties and as Americans have faith in our government.


According to a recent poll, 84 percent of Americans want the entire report by Special Counsel Robert Mueller released to the public. They aren't satisfied just knowing that the investigation into President Trump's alleged collusion with Russia is over after two years. They aren't satisfied with the attorney general, a distinguished public servant, explaining the results of the investigation as he is mandated to do by law. No, they want to see the report for themselves ... they want to go over it with the proverbial fine-tooth comb and hunt down every inconsistency, every missing comma, every hidden clue that what they already know to be true is indeed true — that they can't trust the government, that the wool is being pulled over our eyes, that the system serves some ulterior purpose and works on behalf of someone or some group that is not us.


That is a horrid condition for the body politic to find itself in. It suggests a complete lack of confidence in our leaders, in our institutions, even in our Constitution. But it is even worse news for the Democrats who are leading the charge to see the "full" report because for them it also reveals a deep underlying hypocrisy.
Democrats, after all, are the party of big government. The basis of their entire theory of human liberty and advancement is that we can count on the government for anything, that it is the answer to all our problems.


What the demand for transparency means at its core, however, is that we don't trust government. There are good reasons why that is true, starting with (for many of us) the JFK assassination, but in fact there is no such thing as 100 percent transparency. You cannot look into the soul of the attorney general or the president and certainly not the soul of the soulless bureaucracy that ultimately runs our government.


So when the Democratic leaders of Congress say they don’t trust Attorney General William Barr to tell the truth about a report that he is about to make public, they not only defy logic; they defy the very philosophy of the Democratic Party.

It makes sense for Republicans to distrust government. That distrust is in their DNA. Ronald Reagan famously quipped (long before he became president) that the nine scariest words in the English language are “I’m from the government, and I’m here to help.”

But Democrats take the opposite tack. They believe as a matter of faith that we the people should put our entire faith in the government, and therefore the party’s full-court press against the Trump administration by definition undermines their own philosophy. They are in fact teaching people to distrust government even more than they already do.

Thus, when Nancy Pelosi said last week that she doesn’t trust the attorney general, she is ultimately weakening the Democratic case for turning health care, student loan debt, education or anything else over to the feds. If our chief law enforcement officer can’t be trusted, who can be?

Barr got Pelosi’s goat Wednesday morning when he testified before a Senate committee that he believes “spying did occur” against the Trump campaign in 2016 by elements of the U.S. intelligence apparatus. To those of us who fall on the red side of the Mueller litmus test, that is an obvious conclusion — as obvious as that it’s laurel, not yanny, in the famous internet audio clip. But to Pelosi, hearing Barr state plainly that he thinks Obama-era spooks were haunting the Trump campaign is automatically translated into the equivalent of “yanny” — namely, that Barr is either an agent of Russia or that he is obstructing justice on behalf of his puppet master Donald J. Trump.

If it weren’t so fascinating as a real-life experiment in human psychology, it would be laughable. Pelosi was seething as she spit out the following:

“I’m very concerned about the statements made by Attorney General Barr. I think that they undermine our Constitution. They undermine the role of the attorney general. He is not the attorney general of Donald Trump. He is the attorney general of the United States. I don’t trust Barr. I trust Mueller.”

No, what undermines our Constitution and our government is people like Nancy Pelosi questioning the motives and honor of good people who have chosen public service as a higher calling while at the same time she tirelessly defends James Comey, John Brennan and James Clapper, who appear to have used their plenary powers to intervene in 2016 and either prevent or subvert the election of Donald Trump.

Barr has said he will get to the bottom of what happened — that he will launch an investigation into how the government decided to spy on Trump’s campaign. As Barr said, “spying on a political campaign is a big deal.” That should not be a partisan issue, but based on the liberal heads exploding Wednesday afternoon, it sadly is. You say yanny, but I say laurel. If it’s fair for Speaker Pelosi to question the motives of Attorney General Barr, then it’s certainly fair for me to question the motives of former FBI Director Comey and his cohorts at the bureau and in the Justice Department.

The only way we can make the litmus test for trust in government the same for all Americans is if we test that trust through fair investigation. Don’t just tell us that Mueller can be trusted, but Barr can’t. Subject both of them — and all of our public servants — to the same rigorous examination. Find out where the truth leads. We’ve had two years of investigation of President Trump based on salacious allegations funded by the Hillary Clinton campaign. Now let’s apply the same level of scrutiny to the Democrats who have assured us without evidence for two years that the president colluded with Russia.

We already know we can’t trust our government, so let’s do the next best thing. Let’s find out who lied to us — when, why and about what. Nancy Pelosi should not be able to stop that. No one should.

Frank Miele, the retired editor of the Daily Inter Lake in Kalispell Mont., is a columnist for RealClearPolitics. His new book — “The Media Matrix: What If Everything You Know Is Fake” — is available at Amazon. Visit him at HeartlandDiaryUSA.com to read his daily commentary or follow him on Facebook @HeartlandDiaryUSA or on Twitter @HeartlandDiary.

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Remains of Utah pilot killed in WWII finally returned for proper burial

The remains of a World War II pilot shot down in Germany have arrived back in his home state of Utah to be buried.

Army Air Forces 2nd Lt. Lynn W. Hadfield’s remains are set to be buried Thursday, 74 years to the day since Hadfield’s crash, FOX 13 reported.

Hadfield will be buried Thursday — the anniversary of his death — in Bluffdale Veterans Memorial Park cemetery after a funeral service at Larkin Sunset Gardens Mortuary in Sandy. The funeral, with full military honors and a military aircraft flyover, will begin at 11 a.m., three seconds before the time of day that the plane crash was recorded.

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Hadfield, from Salt Lake City, was piloting a bomber plane from France to Germany just months before the end of World War II when it was struck by anti-aircraft fire and crashed somewhere near the German city of Dulmen.

Hadfield was 26 during his last bomber mission, meant to obstruct German troop movement as Allied forces crossed the Rhine River two days later.

This 1945 photo provided by the Utah National Guard shows Army Air Forces 2nd Lt. Lynn W. Hadfield. The remains of Hadfield, a World War II pilot shot down in Germany, have arrived back in his home state of Utah, where they are expected to be buried. (Utah National Guard via AP)

This 1945 photo provided by the Utah National Guard shows Army Air Forces 2nd Lt. Lynn W. Hadfield. The remains of Hadfield, a World War II pilot shot down in Germany, have arrived back in his home state of Utah, where they are expected to be buried. (Utah National Guard via AP)

A German researcher found evidence of a crash site in 2016 in Hulsten-Reken, about 10 miles away.

It was Hadfield’s plane.

A DNA analysis confirmed the remains belonged to Hadfield and his crew members.

The excavation team also recovered Hadfield’s officer wings and his ID tag, which were given to his relatives.

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“I didn’t think that after 74 years he would come back, and I would be here to see it,” said Mary Ann Turner, Hadfield’s daughter.

Turner was 2 years old when her father was killed.

“It gives me peace that I haven’t known my whole life,” Turner said.

The Associated Press contributed to this report.

Source: Fox News National

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Utah woman sets fire to 2 Mormon churches, writes ‘Satan Lives’

An Orem, Utah teen was arrested Friday for setting fire to two churches and writing graffiti, including "Satan lives," causing a total of $600,000 in estimated damages. She blamed it on her "crazy life at home."

Jullian Robinson, 18, was starting fires in a second building belonging to The Church of Jesus Christ of Latter-day Saints early Friday morning when a police officer founder her on the sidewalk with a backpack containing gasoline, a power drill, a lighter, and a black sharpie in the city, which is 40 miles south of Salt Lake City.

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"They went inside and saw several fires had been set throughout the church," police officers wrote, chalking it up as part of "daily shenanigans" in a Facebook post. "They were able to put the fires out with a fire extinguisher that one of the officers had in his patrol car."

Robinson initially denied any involvement. But, according to court documents, she eventually admitted to the arson.

“I was angry and all I wanted to do was set a small fire and it got out of control. I fled the scene and didn’t look back,” Robinson reportedly wrote on the statement. “I felt like playing with fire because of my crazy life at home, this was not a hate crime.”

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Orem Police Lt. Craig Martinez told FOX 13 the fires were clearly intentional.

"It's obvious she doesn’t agree with maybe some of the things with the LDS Church and that’s maybe why she picked that," Martinez said. "She’s only been 18 for about six months now, so super young. Not a good start."

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The Orem LDS church boarded up the area set on fire and held services at a different location this past weekend.

Robinson was arrested for arson, burglary, criminal mischief, and possession of burglary tools. She is being held at the Utah County Jail on a $20,000 bond.

Source: Fox News National

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NFL notebook: Browns trade Ogbah to Chiefs

NFL: Cincinnati Bengals at Cleveland Browns
FILE PHOTO - Oct 1, 2017; Cleveland, OH, USA; Cleveland Browns defensive end Emmanuel Ogbah (90) celebrates a fumble recovery during the first quarter against the Cincinnati Bengals at FirstEnergy Stadium. Mandatory Credit: Ken Blaze-USA TODAY Sports

April 2, 2019

The Cleveland Browns traded defensive end Emmanuel Ogbah to the Kansas Chiefs on Monday. The Chiefs announced the trade and said they would send safety Eric Murray in return.

Ogbah, selected by the Browns in the second round (32nd overall) of the 2016 NFL Draft, did not show up to the Browns’ training facility on Monday for the first day of voluntary workouts because he expected to be traded.

He had been on the trading block since the team acquired edge rusher Olivier Vernon from the New York Giants in March.

Also absent for the Browns was running back Duke Johnson, whose name has swirled in trade rumors since the team added Kareem Hunt earlier this offseason. Head coach Freddie Kitchens declined to give a reason for Johnson’s absence, but he said at last week’s league meetings Johnson “will have a role” on the Browns this season.

–Ohio State defensive end Nick Bosa is scheduled to visit the Arizona Cardinals, with speculation mounting he could be the No. 1 pick in the 2019 NFL Draft.

Bosa met with team officials in Florida on Friday and is now set for a second sitdown at the team facility. Bosa and the Cardinals have a “top 30” visit scheduled with four weeks remaining until the 2019 draft.

Bosa will be in Arizona on Thursday night for a Friday visit this week, Sports Illustrated first reported.

–Heisman Trophy-winning quarterback Kyler Murray worked out privately for the Oakland Raiders, according to a report.

Albert Breer of The MMQB said the workout took place in Dallas. On Tuesday, the Raiders’ brass will travel to Columbus, Ohio, to watch former Ohio State quarterback Dwayne Haskins in action, he added.

As recently as last week at the league meetings in Phoenix, Raiders coach Jon Gruden said veteran David Carr will be his quarterback in 2019.

–Atlanta Falcons star Julio Jones says he is comfortable with his current contract situation and doesn’t care about being the highest-paid wide receiver in the NFL, ESPN reported.

“I’m good. I’m comfortable with how everybody’s doing it,” Jones said when asked about the status of his contract talks. “There’s no pressure on my end and none on their end. If they’re going to get it done, we’ll get it done.”

Over the last five seasons (2014-18), Jones has the most receiving yards (7,994) and the second-most receptions (524) in the league.

–Washington Redskins left tackle Trent Williams is fine and should be ready for training camp after a health issue that previously appeared quite serious, NFL Network reported.

Per the report, Williams had a growth or tumor on his head that doctors feared was malignant, and teammates were under the impression he could miss the season. But an operation to remove the growth was successful, and Williams is expected to be fine by late summer.

An exact diagnosis has not been released.

–New England Patriots quarterback Tom Brady used his first-ever tweet to announce his “retirement,” in an April Fools’ Day prank that immediately went viral.

“I’m retiring. In my spare time, I’ll be tweeting,” Brady posted in the first tweet sent from his official account (@TomBrady).

His second tweet, delivered about an hour later, let relieved Patriots fans know he was goofing around. “Was this a bad joke?” Brady wrote.

–The Detroit Lions agreed to terms on a one-year deal with veteran running back C.J. Anderson.

The 28-year-old Anderson had 403 rushing yards in 11 games last season while splitting time between the Carolina Panthers and Los Angeles Rams.

–The Pittsburgh Steelers announced the release of veteran safety Morgan Burnett.

Burnett, 30, played in 11 games in his only season with Pittsburgh in 2018, finishing with 30 tackles, six passes defensed and no interceptions.

–Super Bowl LIII referee John Parry has retired and is joining ESPN as an officiating analyst.

He will provide analysis from the broadcast booth on “Monday Night Football” and also will work on NFL studio shows and SportsCenter, the network announced

–The Chicago Bears re-signed free agent outside linebacker Aaron Lynch on a one-year deal. Financial terms were not announced.

Lynch, 26, had three sacks and eight quarterback hits in 13 games (three starts) in 2018.

–The Minnesota Vikings re-signed veteran center Brett Jones. The one-year deal is worth up to $1.5 million with incentives, per the St. Paul Pioneer Press.

–The Jacksonville Jaguars signed former Houston Texans running back Alfred Blue. Terms were not announced.

–The Arizona Cardinals signed former Denver Broncos cornerback Tramaine Brock, NFL Network reported. Brock played for new Cardinals defensive coordinator Vance Joseph in Denver.

–Oakland Raiders cornerback Daryl Worley signed his restricted free agent tender, a one-year deal worth $3.095 million.

–The Patriots signed former Vikings offensive tackle Cedrick Lang, who spent all of 2018 on injured reserve.

–Field Level Media

Source: OANN

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New rules in Mexico may limit cash payments for real estate

FILE PHOTO: Mexico's Finance Minister Carlos Urzua speaks during a news conference to announce a plan to strengthen finances of state oil firm Pemex, at the National Palace in Mexico City
FILE PHOTO: Mexico's Finance Minister Carlos Urzua speaks during a news conference to announce a plan to strengthen finances of state oil firm Pemex, at the National Palace in Mexico City, Mexico February 15, 2019. Picture taken February 15, 2019. REUTERS/Henry Romero

March 22, 2019

ACAPULCO, Mexico (Reuters) – Mexico is developing rules that would cap the amount of cash that can used to buy real estate, Finance Minister Carlos Urzua said on Friday, part of a push to reduce the use of physical currency in a country rife with money laundering and corruption.

Urzua, speaking at a banking convention in the resort town of Acapulco, said the government was also considering rules that would require all its payments and collections to be processed electronically.

Also under discussion is the creation of incentives for professionals such as doctors, lawyers and architects to accept electronic payments over cash, he said.

Nearly 57 percent of people in Mexico work off the books, according to government data. Millions lack bank accounts and an estimated 90 percent of all transactions are done in cash.

President Andres Manuel Lopez Obrador, who took office in December, has made it one of his priorities to draw more people into the formal economy and reduce cash in circulation to cut down on the laundering of proceeds from the drug trade and other illicit activities.

(Reporting by Daina Beth Solomon in Mexico City and Dave Graham in Acapulco; Editing by Tom Brown)

Source: OANN

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FILE PHOTO: Chevron's Michael Wirth speaks at Gastech, the world's biggest expo for the gas industry, in Chiba
FILE PHOTO: Chevron’s Michael Wirth speaks at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai

April 26, 2019

HOUSTON (Reuters) – Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.

Occidental Petroleum on Thursday sought to scuttle the proposed deal, submitting a higher, $38 billion cash-and-stock offer for Anadarko. Anadarko’s board said on Thursday it would evaluate the new proposal.

“I’ll just remind everyone that we’ve got a signed deal that has been approved by both boards and we’ve moving forward with integration planning,” said Chevron Chief Executive Michael Wirth on a conference call with analysts. He said a “sizeable” group of employees had already met.

Wirth declined to say whether Chevron would raise its offer in light of Occidental’s higher bid. Chevron has the ability revise the structure of its 75 percent stock, 25 percent cash bid, Chevron finance chief Pierre Breber said on the same call. “We could put more cash in if that’s what Anadarko wanted to do,” he said.

(Reporting by Gary McWilliams; Editing by James Dalgleish)

Source: OANN

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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 CIA Director John Brennan pushed back Friday on President Trump’s charge that he knew about or participated in an attempt to overthrow the American government.

“I don’t think it’s surprising at all that we continue to hear the sociopathic ramblings of Mr. Trump claiming that there was this effort to try to prevent him from being elected or to unseat him,” he told MSNBC’s Hallie Jackson.

Brennan was reacting to comments Trump made during an interview with Sean Hannity on Thursday night.

Trump specifically criticized Brennan, along with former Director of National Intelligence James Clapper, former FBI Director James Comey, and former Deputy FBI Director Andrew McCabe, in the fiery interview.

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His comments followed the release of Special Counsel Robert Mueller‘s report which stopped short of accusing the president of either obstruction of justice or collusion with Russia.

Brennan added he welcomed further investigation into his and other officials’ conduct while they served in government. “I’ve testified in front of Congress … Absolutely, I’ll do it again,” he said.

Brennan also disputed Sen. Rand Paul’s, R-Ky., claim that he “insisted that the unverified and fake Steele dossier be included in the Intelligence Report.”

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Journalist Bob Woodward similarly promoted the idea that the CIA pushed to include the Steele dossier in the intelligence community assessment surrounding Russian election interference.

“That’s absolutely incorrect and 180 degrees from the truth. It was CIA that was pushing not to have it included and not to be taken into account at all in that intelligence community assessment.

Source: Fox News Politics

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