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At least 2 wounded in shooting at Australia nightclub

Police say a shooting outside a Melbourne nightclub in Australia has left at least two people critically wounded.

Police are investigating and appealing for anyone with video footage or information to come forward.

They believe several people were shot outside the two-story Love Machine club early Sunday but have made no arrests so far.

Four people have been taken to a hospital but two are said to be critical.

The Seven Network TV station says a security guard at the club had no idea a shooting had happened and there was no panic inside the venue, which was still open.

Source: Fox News World

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Drugmakers Astellas, Amgen to pay $125 million in U.S. charity kickback probe

An Amgen sign is seen at the company's office in South San Francisco
FILE PHOTO: An Amgen sign is seen at the company's office in South San Francisco, California October 21, 2013. REUTERS/Robert Galbraith

April 25, 2019

By Nate Raymond

BOSTON (Reuters) – Two drugmakers will pay nearly $125 million to settle claims they used charities that help cover Medicare patients’ out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging the use of their medications, the U.S. Justice Department said on Thursday.

The department said Astellas Pharma and Amgen Inc were the latest pharmaceutical companies to settle claims stemming from an industry-wide probe of drugmakers’ financial support of patient assistance charities.

Astellas will pay $100 million while Amgen will pay $24.75 million, the department said. Neither company admitted wrongdoing or responded immediately to requests for comment.

The investigation, led by the U.S. Attorney’s Office in Boston, came amid growing attention to soaring U.S. drug prices. Copays are partly meant to serve as a check on healthcare expenses by exposing patients to some of a drug’s cost.

Drug companies are prohibited from subsidizing copayments for patients enrolled in the government’s Medicare healthcare program for those aged 65 and older. Companies may donate to non-profits providing copay assistance as long as they are independent.

But the government alleged that the drugmakers used such charities as conduits to improperly pay the copay obligations of Medicare patients using their drugs, in violation of the Anti-Kickback Statute.

(Reporting by Nate Raymond in Boston; Editing by Chizu Nomiyama and Meredith Mazzilli)

Source: OANN

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Factbox: ‘Fake News’ laws around the world

Commuters walk past an advertisement discouraging the dissemination of fake news at a train station in Kuala Lumpur, Malaysia
Commuters walk past an advertisement discouraging the dissemination of fake news at a train station in Kuala Lumpur, Malaysia March 28, 2018. REUTERS/Stringer

April 2, 2019

SINGAPORE (Reuters) – Singapore’s parliament on Monday began considering a law on “fake news” that an internet watchdog has called the world’s most far-reaching, stoking fears the government could use additional powers to choke freedom of speech and chill dissent.

Governments and companies worldwide are increasingly worried about the spread of false information online and its impact on everything from share prices to elections and social unrest.

Human rights activists fear laws to curb so-called “fake news” could be abused to silence opposition.

Here are details of such laws around the world:

SINGAPORE

Singapore’s new law would require social media sites like Facebook to carry warnings on posts the government deems false and remove comments against the “public interest”.

Singapore, which ranks 151 among 180 countries rated by the World Press Freedom Index, defines “public interests” as threats to its security, foreign relations, electoral integrity and public perception of the government and state institutions.

Violations could attract fines of up to S$ 1 million ($737,500) and 10 years in prison.

RUSSIA

Last month, President Vladimir Putin signed into law tough new fines for Russians who spread what the authorities regard as fake news or who show “blatant disrespect” for the state online.

Critics have warned the law could aid state censorship, but lawmakers say it is needed to combat false news and abusive online comment.

Authorities may block websites that do not meet requests to remove inaccurate information. Individuals can be fined up to 400,000 rouble ($6,109.44) for circulating false information online that leads to a “mass violation of public order”.

FRANCE

France passed two anti-fake news laws last year, to rein in false information during election campaigns following allegations of Russian meddling in the 2017 presidential vote.

President Emmanuel Macron vowed to overhaul media laws to fight “fake news” on social media, despite criticism that the move was a risk to civil liberties.

GERMANY

Germany passed a law last year for social media companies, such as Facebook and Twitter, to quickly remove hate speech.

Called NetzDG for short, the law is the most ambitious effort by a Western democracy to control what appears on social media. It will enforce online Germany’s tough curbs on hate speech, including pro-Nazi ideology, by giving sites a 24-hour deadline to remove banned content or face fines of up to 50 million euros.

Since it was adopted, however, German officials have said too much online content was being blocked, and are weighing changes. [https://reut.rs/2RP1OeW]

MALAYSIA

Malaysia’s ousted former government was among the first to adopt a law against fake news, which critics say was used to curb free speech ahead of last year’s general elections, which it lost.The measure was seen as a tool to fend off criticism over graft and mismanagement of funds by then prime minister Najib Razak, who now faces charges linked to a multibillion-dollar scandal at state fund 1 Malaysia Development Berhad.

The new government’s bid to deliver on an election promise to repeal the law was blocked by the opposition-led Senate, however. [https://reut.rs/2R4IR6I]

EUROPEAN UNION

The European Union and authorities worldwide will have to regulate big technology and social media companies to protect citizens, European Commission deputy head Frans Timmermans said last month.

EU heads of state will urge governments to share information on threats via a new warning system, launched by the bloc’s executive. They will also call for online platforms to do more to remove misleading or illegal content.

Union-level efforts have been limited by different election rules in each member nation and qualms over how vigorously regulators can tackle misleading content online.

(Reporting by Fathin Ungku; Editing by Clarence Fernandez; and Joe Brock)

Source: OANN

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US Debt Unsustainable

Month after month, the Trump administration runs multi-billion dollar deficits. The national debt has ballooned to over $22 trillion. According to the most recent Treasury Report, the US has a net worth of negative $21.5 trillion. And this understates the problem.

As Wolf Richter of WolfStreet puts it, the US government has “debt out the wazoo.”

Is this sustainable?

In a recent WolfStreet report, Wolf analyzes the debt, who is buying it and why.

Wolf points out that few countries are in worse fiscal shape than the US. America is in the same situation as countries like Japan, Greece and Italy.

The US and Japan have one advantage over Greece, Italy and some other nations because they control their own currency. That means their central banks can simply print money to buy government debt.

The Bank of Japan continues to monetize its government’s debt, but over the last year, the Federal Reserve has not been buying US Treasurys. This may change soon with the end of the Fed’s balance sheet reduction program, but currently, the central bank is not propping up America’s spending binge. So, who is buying all of this debt?

And why?

Foreign investors hold $6.4 trillion in US Treasury debt. China and Japan rank as the largest foreign holders.

The Fed holds about $2.1 trillion in US debt.

US investors and institutions hold about 7.7 trillion – by far the largest category.

US government entities, such as pension funds and the Social Security Trust Fund hold nearly $6 trillion in Treasurys. Some argue this is money “we owe ourselves” so it cancels out. Wolf called this baloney.

“This money is owed to those beneficiaries and it doesn’t cancel out. It is a real debt that the US government owes and it has to pay.”

China’s holdings of US Treasurys are down about $46 billion from a year ago. In total, China and Japan’s combined hold about 10% of US debt. That’s down from a little over 11% in 2017.

Over the last 12 months, foreign investors added about $164 billion in US debt as the Federal Reserve shed around $250 billion. US government entities added $160 billion in Treasury holdings. That totals a net increase of $45 billion.

That means that US investors have taken on the bulk of US government debt – in the neighborhood of $1.2 trillion over the last 12 months.

Wolf points out that banks are aggressively trying to attract depositors and are competing with the federal government which has to fund its deficits. With interest rates so low, US bonds are actually an attractive place to stash cash.

“Two-point-four percent 20 years ago would have been a ludicrously low amount of interest to be attractive, but these days are not normal and 2.4% is a fairly attractive number.”

(Photo by Tyler Merbler / Flickr)

On top of that, there is a great deal of dividend risk in the stock market with so many companies overvalued. Wolf points to GE as one example of a company that has slashed dividends to close to zero.

Wolf says that the trillions of dollars of additional Treasurys the US government is throwing on the market just doesn’t seem to matter to US investors – at least at this moment.

The $64,000 question is how long can this last?

It doesn’t seem like a sustainable scenario. Right now, things appear pretty rosy. It’s a primrose path of debt, that while perhaps troubling on a theoretical level, isn’t really having any actual impact on the economy. But it seems likely at some point the oversupply of Treasurys will begin to swamp demand. When that happens, the US government will have a real problem.

Who will take up the slack?

If you look at who owns US debt, there is really only one viable option – the Federal Reserve. Practically speaking, this means more quantitative easing.

If demand for Treasurys starts to fall, that will push interest rates higher. This is a simple supply and demand function. The Fed will then face two choices.

  1. Intervene with interest rates cuts and more QE. In other words more inflation.
  2. Do nothing and let interest rates spike.

No. 2 would not bode well for an economy built on debt. The Sovereign Man summed up the implications.

“Make no mistake: higher interest rates will have an enormous impact on just about EVERYTHING. Many major asset prices tend to fall when interest rates rise. Rising rates mean that it costs more money for companies to borrow, reducing their leverage and overall profitability. So stock prices typically fall. It’s also important to note that, over the last several years when interest rates were basically ZERO, companies borrowed vast sums of money at almost no cost to buy back their own stock. They were essentially using record low-interest rates to artificially inflate their share prices. Those days are rapidly coming to an end.”

The bottom line is that the US federal government is on an unsustainable path.


Patrick Casey, head of the American Identity Movement, joins Owen Shroyer live via Skype to discuss how his team planned and executed their infiltration into a drag queen story time event.

Source: InfoWars

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MEPs Tricked Into Voting Wrong Way, But EU Refuses Do-Over

13 MEPs were tricked into voting for the European Union Copyright Directive when they initially planned to vote against it, a crucial error which led to the measure passing by just 5 votes, but the EU has refused to hold the vote again.

“An extra vote was inserted into the voting list at the last minute which threw most MEPs’ voting lists out of sync,” reports the Guido Fawkes blog. “Unlike the Commons where MPs have to physically make the decision to walk through lobbies, MEPs just robotically press buttons according to a long voting list handed out to them. A clear warning of the dangers of electronic voting…”

Since the measure passed by a mere 5 votes, the 13 votes that went the wrong way were crucial to the outcome. If the MEPs had not been tricked, they would not have been blocked from voting on amendments to the bill, including the notorious Article 13.

However, despite complaints, the EU has refused to revisit the result of the vote or hold the vote again, merely agreeing to change the voting record of the individual MEPs.

“It’s appalling, but that’s how this place works on a regular basis,” said Brexit Party MEP Bill Etheridge . “It’s only come to people’s attention this time because it’s a high profile issue.”

This is a shocking illustration of how the EU operates. The vote has basically been stolen and yet the European Parliament refuses to do anything about it.

Critics say Article 13 will force social media companies to introduce filters that will automatically block content uploaded by users. This would include transformative content, including memes that are widely considered fair use but would be blocked by the filter.

Such a system would also be completely open to abuse in terms of censoring free speech.

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Source: InfoWars

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Egypt’s parliament approves constitutional amendments that could extend Sisi’s term

Egypt President Abdel Fattah al-Sisi is seen during a news conference at the Presidential Palace in Abidjan
Egypt President Abdel Fattah al-Sisi is seen during a news conference at the Presidential Palace in Abidjan, Ivory Coast, April 11, 2019. REUTERS/Thierry Gouegnon

April 16, 2019

CAIRO (Reuters) – Egypt’s parliament on Tuesday approved amendments to the constitution that could keep President Abdel Fattah al-Sisi in power until 2030.

The 596-member parliament, which is dominated by Sisi supporters, voted 531 to 22 in favor of the amendments.

(Writing by Lena Masri; Editing by Alison Williams)

Source: OANN

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Trump Seeks to End Government Control of Mortgage Companies

President Donald Trump has issued an order for the government to end its 10-year conservatorship of the mortgage companies Fannie Mae and Freddie Mac.

The mortgage companies were placed under government control in September 2008 after the bursting of the housing bubble triggered a financial crisis that put the government-sponsored enterprises on the verge of failure.

Trump has directed Treasury Secretary Steven Mnuchin to develop a plan to ensure that Fannie Mae and Freddie Mac can operate as private companies while preserving access to 30-year fixed-rate mortgages and minimizing risks to the broader economy.

The order also directs Housing and Urban Development Secretary Ben Carson to reduce risks to taxpayers from the housing finance support offered by the Federal Housing Administration.

Source: NewsMax Politics

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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