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Hikers warned to watch out for undetonated bombs in Colorado mountains from avalanche mitigation

As snow melts and hikers take to the mountains across Colorado, officials are warning to watch where you step.

A record avalanche season across the state this winter resulted in the state's Department of Transportation deploying over 1,500 explosives statewide. Of those shot at avalanche paths, 22 failed to explode and were recorded as duds.

"There's a chance someone could come upon an unexploded ordnance," CDOT spokeswoman Tracy Trulove told FOX31. "Our team is tracking where those unexploded ordnances are, but you may come upon them before we do."

AVALANCHE BARRELS DOWN COLORADO CANYON, PLUME OF SNOW COVERS CARS ON INTERSTATE 70 IN VIDEO

Trulove said the unexploded ordinance looks like small torpedoes that are brightly colored, either yellow, blue or orange.

"It's probably something that shouldn't be in nature," she told FOX31.

State officials said that avalanche mitigation work needed to be performed in areas for the first time in decades due to all the snowfall the region received this winter. That includes hiking trails on both sides of the Continental Divide.

AVALANCHE KILLS ONE PERSON IN COLORADO OUTSIDE ASPEN, OFFICIALS SAY

Additional avalanche mitigation work is still ongoing, so that figure may continue to rise before the season is over. Some of the devices may also be hidden under snow, and not visible until summer, according to Trulove.

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People who come across unexploded bombs should stay away from them and call law enforcement.

"It's an explosive, so you definitely don't want to do anything to move it," Trulove told FOX31. "A lot of times, it is just a dud and nothing will occur, but you want a team of trained professionals to detonate or disarm the explosive."

The Associated Press contributed to this report.

Source: Fox News National

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Nine banks win dismissal of Canadian rate-rigging lawsuit in U.S.

The Royal Bank of Canada logo is seen outside of a branch in Ottawa
The Royal Bank of Canada (RBC) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie

March 14, 2019

By Jonathan Stempel

NEW YORK (Reuters) – A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits from derivatives trading.

U.S. District Judge Analisa Torres rejected racketeering and antitrust claims by the lead plaintiff, the Fire & Police Pension Association of Colorado, against Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia and other banks.

Lawyers for the plaintiff did not immediately respond to requests for comment.

The proposed class action concerned the alleged suppression from August 2007 to June 2014 of the Canadian Dealer Offered Rate (CDOR), a rate at which banks would lend to corporate clients using bankers’ acceptances, a short-term credit instrument.

CDOR, now called the Canadian Dollar Offered Rate, is calculated daily by Thomson Reuters based on rate submissions from banks.

The plaintiff accused banks of manipulating CDOR to reduce interest owed to investors on CDOR-based derivatives transactions in the United States, including swaps and Canadian dollar futures contracts, and boost profit.

But the judge said the alleged wrongful conduct occurred in Canada, which is not covered by the U.S. anti-racketeering law known as RICO, and the plaintiff failed to show that any rigging left it worse off.

Torres also found no proof of a common profit motive among banks to suppress CDOR because they held more CDOR-based derivative contracts, under which they made interest payments, than CDOR-based loans, on which they received interest payments.

Other defendants included Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Bank of America Corp, Deutsche Bank AG and HSBC Holdings Plc.

Canadian regulators updated the CDOR-setting process after the Investment Industry Regulatory Organization of Canada in January 2013 identified “potential” for manipulation.

The case is Fire & Police Pension Association of Colorado v Bank of Montreal et al, U.S. District Court, Southern District of New York, No. 18-00342.

(Reporting by Jonathan Stempel in New York; Editing by Richard Chang)

Source: OANN

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McConnell Welcomes End to Mueller Probe, Calls for 'Openness and Transparency'

Senate Majority Leader Mitch McConnell expressed relief that special counsel Robert Mueller's investigation has ended, asking for "openness and transparency" moving forward as Department of Justice officials prepare to make the report's findings public.

"I welcome the announcement that the special counsel has finally completed his investigation into Russia's efforts to interfere in the 2016 elections," said McConnell, a Kentucky Republican. "Many Republicans have long believed that Russia poses a significant threat to American interests. I hope the special counsel's report will help inform and improve our efforts to protect our democracy.

"The attorney general has said he intends to provide as much information as possible. As I have said previously, I sincerely hope he will do so as soon as he can, and with as much openness and transparency as possible."

Attorney General William Barr received Mueller's report on Friday, and he wrote to Congressional leaders that he might be able to brief them on the findings as soon as this weekend.

It's still unclear when the report's conclusions will be made public.

"I am grateful we have an experienced and capable attorney general in place to review the special counsel's report," McConnell said. "Attorney General Barr now needs the time to do that."

Source: NewsMax Politics

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Giuliani: Manafort Sentence Fair, Charge Cohen With Perjury

President Donald Trump's personal lawyer Rudy Giuliani said Friday that former Trump campaign chairman Paul Manafort's sentence is fair and Michael Cohen should face prosecution for perjury.

On Hill.TV, Giuliani described Manafort's 47-month sentence as "justice," and said, "The fact is that if we take out their desire to try to crack him, to try to get him to cooperate, this is a tax evasion case. Big money, no question about that."

"The reality is, a first-time tax offender, most often you don't put them in jail. The number here is big enough so that it warrants a jail sentence," he continued. "The judge was right on target."

"What we have on the other side are completely overzealous prosecutors. They'd put this man in solitary confinement for six, seven months," Giuliani added. "They raided his home in the morning like this was John Gotti. He's not dangerous to anybody. He committed a white collar crime."

The former New York City mayor added if Cohen is not prosecuted for allegedly committing perjury, "it would be a complete outrage after what they did to [former National Security Adviser Michael] Flynn and a bunch of other people."

Source: NewsMax America

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Doug Collins: House vote to make Mueller report public a failed stunt by Dems

The top Republican on the House Judiciary Committee, Georgia Rep. Doug Collins, voted for the resolution calling for any final report in Special Counsel Robert Mueller’s Russia investigation to be made public, but told Fox News on Sunday it was unnecessary.

“It was a political stunt by the Democrats who felt that they could divide Republicans into voting no upon it because at the end of the day after I looked at it, when they dropped it … they said this is nothing but simply a first-year law student’s restatement of what the regular regulations say that Mr. (Attorney General William) Barr is going to have to do,” he said on “Sunday Morning Futures” with Maria Bartiromo.

The House voted unanimously Thursday for the resolution, a symbolic action designed to urge Barr into releasing as much information as possible when the investigation is concluded.

The Democratic-backed resolution, which passed 420-0, comes as Mueller appears to be nearing an end to his investigation. Lawmakers in both parties have maintained there will have to be some sort of public resolution when the report is done — and privately hope that a report shows conclusions that are favorable to their own side.

Four Republicans voted present: Michigan Rep. Justin Amash, Florida Rep. Matt Gaetz, Arizona Rep. Paul Gosar and Kentucky Rep. Thomas Massie.

The nonbinding House resolution calls for the public release of any report Mueller provides to Barr, with an exception for classified material. The resolution also calls for the full report to be released to Congress.

“We know and you know, as you said earlier, that there's not going to be collusion here. This is where it is going to be … very hard for the Democrats. All this was. Don't be fooled by this. This was simply a stunt because they thought they could divide Republicans to make us look bad as not being transparent,” Collins said Sunday. “I have no problem being transparent with what we see is coming forward, and it's within the regulation to say that this was nothing more than a political stunt.”

He called the resolution an act of nothingness.

“This is the sad part we're at right now, Maria,” he told Bartiromo. “They have no agenda, they have nothing that they can actually put on the floor, so they wasted an entire week of the American taxpayers’ dollar to actually put a report on the floor that said nothing, basically except the same thing the regulations say that Mr. Barr needs to do so.”

WORLD LEADERS INCLUDING TRUMP ANGERED BY NEW ZEALAND VIOLENCE

President Trump tweeted Saturday: “I told leadership to let all Republicans vote for transparency. Makes us all look good and doesn’t matter. Play along with the game!”

It’s unclear exactly what documentation will be produced at the end of the probe into possible coordination between Trump associates and Russia, and how much of that the Justice Department will allow people to see. Mueller is required to submit a report to Barr, and then Barr can decide how much of that is released publicly.

Barr said at his confirmation hearing in January that he took seriously the department regulations that said Mueller’s report should be confidential. Those regulations required only that the report explain decisions to pursue or to decline prosecutions, which could be as simple as a bullet-point list or as lengthy as a report running hundreds of pages.

“I don’t know what, at the end of the day, what will be releasable. I don’t know what Bob Mueller is writing,” Barr said at the hearing.

Democrats said they were unsatisfied with Barr’s answers and wanted a stronger commitment to releasing the full report, along with interview transcripts and other underlying evidence.

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Republicans have agreed — to a point. In making an argument for transparency, Republican leaders have pointed to Barr’s comments and the existing regulations, without explicitly pressing for the underlying evidence.

Collins concluded Sunday to Bartiromo: “We just call their bluff, and just say, fine we can vote for this, because this is actually what Bill Barr said he is going to do. Why are we wasting the American people's time?”

Fox Business Network's Maria Bartiromo and The Associated Press contributed to this report.

Source: Fox News Politics

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China Evergrande tops Asia borrowers with fresh dollar bond tap, raises $6.6 billion so far

A logo of China Evergrande Group is displayed at a news conference on the property developer's annual results in Hong Kong
FILE PHOTO: A logo of China Evergrande Group is displayed at a news conference on the property developer's annual results in Hong Kong, China March 28, 2017. REUTERS/Bobby Yip

April 15, 2019

HONG KONG (Reuters) – China Evergrande Group became Asia’s biggest bond market borrower excluding Japan so far this year after a $1 billion tap of its latest issue took the mainland property developer’s total sales so far to $6.6 billion.

China’s third largest developer said on Monday it had sold $200 million in three-year notes, and an additional $400 million each in four- and five-year bonds.

The notes carry coupons of between 9.5 and 10.5 percent, and have the same terms and conditions as $2 billion of bonds Evergrande sold last week.

Evergrande has now tapped bond markets for a total of $6.6 billion this year, according to data from Refinitiv, including those issued through subsidiary Hengda Real Estate Group.

Its latest sale took it past Chinese gaming giant Tencent, which sold $6 billion of bonds earlier this month.

Including Japan, Evergrande is Asia’s second-largest borrower this year, with the top spot taken by Japan’s biggest bank Mitsubishi UFJ Financial Group which has raised $7.3 billion in dollar bonds so far, according to Dealogic data.

Sales of Asian junk bonds have had a blistering start to the year on expectations for lower interest rates and as a market rally has stoked risk appetite, with a record $27.5 billion sold in the first quarter, Refinitiv data showed.

Evergrande will use the proceeds to refinance existing indebtedness and for capital expenditure, it added.

Fitch said in a release the developer expected to spend 20 billion yuan on non-property businesses, including the research, development and production of electric vehicles. This compares to the 16 billion yuan in non-property capex in 2018.

“The key concern is the company has been issuing more bonds since there’s been an easing in liquidity, both onshore and offshore, and part of the proceeds are not used for refinancing,” said S&P analyst Matthew Chow.

“We need to see whether its overall spending appetite including doing more financing via other means such as trust loans also increases. There could be a risk that the situation could be different from what we expected earlier, but we believe that it is still in the hands of the company.”

Evergrande has one of the highest debt ratios in the industry, but has pledged to cut its net gearing ratio – a leverage measure which compares its net debt against the book value of its equity – to about 70 percent by June 2020 from 240 percent in June 2017.

Though the ratio was lowered to 152 percent at the end of last year, its total borrowings rebounded from the end of June. Chief Financial Officer Pan Darong attributed the rise to investments in new energy vehicles, but added he expected the debt ratio would decline to an industry average soon.

Credit Suisse was sole lead manager for Monday’s bond sale.

(Reporting by Clare Jim and Julia Fioretti; Editing by Kim Coghill and Louise Heavens)

Source: OANN

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Memo Pins Marines' Readiness, Budget Woes on Border Duty

The commandant of the Marine Corps expressed his concern regarding the service's budget last month because of hurricane relief efforts, the presidential order that sent troops to the southern border, and other factors.

Gen. Robert Neller wrote two memos to Secretary of the Navy Richard Spencer and Acting Secretary of Defense Patrick Shanahan that outlined the budget challenges the Marines are facing in the current fiscal year. The Los Angeles Times published copies of them.

Included on a list of "unplanned and unbudgeted factors" was Operation Faithful Patriot, the name of the ongoing military operations at America's border with Mexico to help shore up the border and slow down the flow of illegal immigration.

"Unplanned/unbudgeted Southwest Border Operations" was the third item on the list.

An "Unplanned/unbudgeted civilian pay raise" was also listed.

The internal memos indicated the border deployment, ordered by President Donald Trump last fall, is putting a strain on the military. Neller wrote, because of the budgetary challenges, several planned training exercises, some with foreign militaries, were canceled.

Neller concluded canceling the exercises will negatively impact "combat readiness," "strengthened alliances and partnerships," and the "solvency of the Marine Corps."

Source: NewsMax America

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Brazilian President Jair Bolsonaro on Thursday said his government must make men aware of the dangers of poor hygiene after expressing dismay over the 1,000 penis amputations that apparently occur in his country each year.

“In Brazil, we have 1,000 penis amputations a year due to a lack of water and soap,” he said while speaking to reporters in Brasilia after visiting the Education Ministry. “We have to find a way to get out of the bottom of this hole.”

The far-right leader called the figure “ridiculous and sad,” Reuters reported. A spokeswoman for the Brazilian urology society told the news agency the number is based on its official data for penis amputations.

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The amputations were conducted out of necessity over untreated infections, along with complications from HIV and various cancers, she said.

Source: Fox News World

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A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

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Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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