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London man attacked outside mosque hours after New Zealand massacre

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Texas Bill Would Require Safety Studies for Vaccines

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UGA fraternity suspended after racist video spread online

Four students were expelled from a University of Georgia fraternity on Saturday after a video depicting them using racial slurs and mocking the mistreatment of slaves went viral on social media.

According to UGA student newspaper The Red and Black, the video that surfaced online on Friday showed four members of the Xi-Lambda chapter of Tau Kappa Epsilon pretending to use a belt as a whip while saying "pick my cotton," followed by a curse word and a racial slur.

The fraternity said that the incident took place off-campus at a non-Tau Kappa Epsilon function and condemned the students' behavior in a statement posted online.

AS CRUCIAL BREXIT VOTES LOOM, THERESA MAY BACKED BY MINISTERS AMID COUP REPORTS

"Tau Kappa Epsilon is disgusted, appalled and angered by the remarks shown in a video of four expelled members," the fraternity said in a statement. "TKE will not tolerate any actions such as these that would be defined as racist, discriminatory and/or offensive."

The video had attracted the notice of UGA's student government association, which said the chapter of TKE was "currently suspended" pending an investigation.

The university also rebuked the video in its own statement on Saturday.

THOUSANDS ATTEND NEW ZEALAND VIGIL TO MOURN CHRISTCHURCH VICTIMS AND PROTEST RACISM

"The University of Georgia condemns racism in the strongest terms. Racism has no place on our campus. We will continue our efforts to promote a welcoming and supportive learning environment for our students, faculty and staff," the university said on Twitter.

The University of Georgia, which was founded in 1785 and is one of the country's oldest public universities, was racially integrated in 1961.

Source: Fox News National

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Alabama Has A Plan To Allow Tax Refunds To Help Pay For The Border Wall

A bill that would allow taxpayers to donate a part of their refunds to a nonprofit collecting money to build more border wall has successfully passed the Alabama Senate.

Alabama state senators voted 23-6 along party lines Thursday in favor of SB 22, the Montgomery Advertiser reported. The legislation would add We Build The Wall Inc. to a list of about 20 groups and programs on state income tax forms that residents can check off and donate with their tax refunds.

“I think it’s a way for Alabamians to say to the president and to the nation that we think strong border security is important. We want to promote that. We want Washington to build that wall,” GOP Senate President Pro Tem Del Marsh, the bill’s sponsor, stated according to The Associated Press.

“This bill is about sending a message to Washington that we support President Trump and his mission to secure our southern border,” Marsh said, who is mulling a 2020 U.S. Senate bid.

We Build The Wall — which began in December as a viral GoFundMe campaign by Air Force veteran and triple amputee Brian Kolfage — is a nonprofit group that is raising money for wall construction on the U.S.-Mexico border. The GoFundMe page is nearing $21,000,000 in donations.

However, the legislation may be more symbolic than anything else. Before funds from We Build The Wall can be used, Congress must vote to allow the money to be directed to the Department of Homeland Security. Given that the Democratic Party controls the House of Representatives, this is unlikely to happen in the immediate future.

The private contributions are rolling in as President Donald Trump continues to fight for more wall funding. Trump signed into law a resolution that gave him $1.375 billion to build 55 miles of barrier on the Texas border. He then declared a national emergency that has allowed him a total of $8 billion in funding, but numerous progressive groups are suing his emergency declaration in court.

People work on the U.S./ Mexican border wall on February 12, 2019 in El Paso, Texas. (Joe Raedle/Getty Images)

People work on the U.S.-Mexic0 border wall on Feb. 12, 2019 in El Paso, Texas. (Joe Raedle/Getty Images)

The president, in his latest budget proposal, is asking for an additional $8.6 billion in wall funding.

Back in Alabama, local Democrats derided SB 22, which will later be voted on by the state House.

“What about the Northern border? More people are crossing over the Northern border but you don’t want to pay them any attention,” Alabama state Sen. Bobby Singleton, a Democrat who called the measure a “feel good” bill, said according to AP. (RELATED: Overwhelmed ICE Facilities Forced To Release 100,000 Illegal Aliens In Past Three Months)

Singleton’s comments are technically correct. Over 960 people have illegally crossed the U.S.-Canada border in 2018, according to government data, representing a 91 percent increase from the previous fiscal year. However, that number remains a minuscule fraction of the apprehensions taking place on the U.S.-Mexico border, where border officials expect to find nearly 100,000 foreign nationals in the month of March alone.

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Source: The Daily Caller

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UN chief meets with Egypt’s top cleric, decries hate speech

The U.N. chief has expressed solidarity with Muslims world over during a visit to Cairo, denouncing hate speech and racism, as well as anti-Semitism.

The remarks by U.N. Secretary-General Antonio Guterres on Tuesday in the Egyptian capital came less than a month after the terrorist attack on New Zealand mosques killed 50 worshippers.

Guterres says "hate speech is entering the mainstream, spreading like wildfire through social media and radio."

He says that "in this time of difficulties and division, we must stand together and protect each other. Nothing justifies terrorism, and it becomes particularly hideous when religion is invoked. ... we must uphold and promote human dignity and universal human rights."

Guterres' comments came after his meeting with Egypt's top Muslim cleric Sheikh Ahmed el-Tayeb, the grand imam in Cairo.

Source: Fox News World

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Who's running for president in 2020? Growing field of candidates join race for Democratic nod

The 2020 presidential race is starting to heat up, and the Democratic field could get crowded — fast.

Elizabeth Warren, Julian Castro, Bernie Sanders and a handful of other well-known Democrats and progressives have tossed their hats into the presidential ring, and more popular politicians are likely to follow suit in the coming weeks.

BIDEN ADVISERS FLOAT BETO O'ROURKE AS POSSIBLE 2020 RUNNING MATE: REPORT

Former Vice President Joe Biden — as predicted — has stayed silent about his plans thus far.

Apparently, Biden's advisers have floated Rep. Beto O’Rourke, D-Texas, as a potential running mate, given his recent rise in popularity. Despite losing the Texas Senate race to Republican Sen. Ted Cruz, O'Rourke is still considered a "rising star" in his party.

In a January op-ed in The New York Times, titled "Run, Joe, Run," a columnist advised Biden to enter the race because he has "strengths that no other Democratic candidate does," citing his decades of experience and ties to the Obama administration.

“If it turns out that I am the best candidate to beat Donald Trump, then I will probably run.”

— Bernie Sanders

As some political heavyweights continue to mull it over, take a look at those who have already made moves ahead of the 2020 election.

Bernie Sanders

Sen. Bernie Sanders, I-Vt., is hoping to make a comeback after aiming to inspire a progressive movement during his 2016 campaign.

“If there’s somebody else who appears who can, for whatever reason, do a better job than me, I’ll work my a-- off to elect him or her,” Sanders told New York Magazine in November. “If it turns out that I am the best candidate to beat Donald Trump, then I will probably run.”

During an interview on Vermont Public Radio on Feb. 19, Sanders confirmed he's running again.

“We began the political revolution in the 2016 campaign, and now it's time to move that revolution forward,” he told the radio station.

Amy Klobuchar

Sen. Amy Klobuchar, D-Minn., announced her decision to join the 2020 presidential race on a snowy Feb. 10 in Minneapolis.

"For every American, I'm running for you," Klobuchar, who has served in the Senate since 2007, told a crowd. "And I promise you this: As your president, I will look you in the eye. I will tell you what I think. I will focus on getting things done. That's what I've done my whole life. And no matter what, I'll lead from the heart," the three-term senator said.

Klobuchar, 58, is known as a straight-shooting, pragmatist willing to work with Republicans, making her one of the Senate's most productive members at passing legislation.

Cory Booker 

New Jersey Sen. Cory Booker announced his bid for the presidency on Feb. 1, 2019.

New Jersey Sen. Cory Booker announced his bid for the presidency on Feb. 1, 2019. (AP Photo/Alex Brandon)

Sen. Cory Booker, D-N.J., jumped into the 2020 race on Feb. 1, vowing to unite what he considers a currently divided nation.

"I believe that we can build a country where no one is forgotten, no one is left behind; where parents can put food on the table; where there are good-paying jobs with good benefits in every neighborhood; where our criminal justice system keeps us safe, instead of shuffling more children into cages and coffins; where we see the faces of our leaders on television and feel pride, not shame," Booker said in a campaign video, subtly jabbing at President Donald Trump.

"It is not a matter of can we, it's a matter of do we have the collective will, the American will?" he added. "I believe we do."

Booker, a former mayor of Newark, New Jersey's largest city, won a special Senate election in 2013 to replace Democrat Frank Lautenberg and then won a full Senate term in 2014. He will be able to run for a second full Senate term in 2020 while running for president, thanks to a law that New Jersey's governor signed in November.

Kamala Harris

California Sen. Kamala Harris, 54, joined the 2020 race on Jan. 21 with an announcement on ABC's "Good Morning America."

"I'm running for president of the United States, and I'm very excited about it," Harris, D-Calif., said on Martin Luther King Jr. Day.

Harris has broken many barriers in her career as she's served as California's attorney general and the San Francisco city attorney. She was elected to the U.S. Senate in 2016.

Since she joined the Senate, Harris has worked to establish a national profile through her questioning of Trump's judicial nominees as she sits on the Judiciary Committee.

Elizabeth Warren

Sen. Elizabeth Warren, D-Mass., officially announced her 2020 presidential bid on Feb. 9.

"This is the fight of our lives. The fight to build an America where dreams are possible, an America that works for everyone. I am in that fight all the way," she told supporters in Lawrence, Mass. "And that is why I stand here today: to declare that I am a candidate for President of the United States of America."

In the announcement, she called President Trump "the latest -- and most extreme -- symptom of what's gone wrong in America."

"It won’t be enough to just undo the terrible acts of this administration. We can’t afford to just tinker around the edges – a tax credit here, a regulation there. Our fight is for big, structural change," she said to cheers from the crowd.

Warren took a major step in her political career by launching an exploratory committee for president in late December.

She made a splash on Dec. 31 when she released a campaign-style video that slams the "corrupt" government, making an appeal to her party's base.

5 THINGS TO KNOW ABOUT MASSACHUSETTS SENATOR ELIZABETH WARREN

"[The government] has been bought and paid for by a bunch of billionaires and giant corporations that think they get to dictate the rules that affect everyone," Warren tells supporters, adding, "that’s not how the government is supposed to work. You know it. I know it. And we know it is time to fight back."

Warren, who was reportedly a registered Republican well into her 40s, already tested out a stump speech in Sioux City, Iowa, telling a crowd in the first-in-the-nation caucus state "we need to make a structural change."

“We need to return politics to the people,” Warren said at the Jan. 4 event.

“I can’t stop Donald Trump from what he’s going to do, I can’t stop him from hurling racial insults, I don’t have any power to do that, but what I can do is I can be in this fight for all of our families,” she added.

The 69-year-old previously taught law at Harvard University. When Warren was hired at the Ivy League school in the early 1990s, there were only 60 tenured female professors, according to The Daily Beast. According to Harvard, Warren has written more than 100 educational articles and ten books. She’s also been awarded several teaching awards — at least two from Harvard.

Warren has also been a vocal critic of Wall Street — originally conceiving what became the government's Consumer Financial Protection Bureau.

Former President Barack Obama appointed Warren to serve as assistant to the president and special advisor to the secretary of the treasury on the Consumer Financial Protection Bureau in September 2010. Warren burst onto the national scene during the financial crisis with calls for greater consumer protections. She quickly became one of the party's more prominent liberals even as she sometimes fought with Obama administration officials over their response to the market turmoil.

John Delaney

Former Maryland Rep. John Delaney was the first person — by far — to announce his 2020 campaign. Delaney announced his intent to run for president in July 2017, just six months into Trump's presidency.

“I'm running for President,” Delaney, a wealthy former bank executive, tweeted on July 28, 2017.

Delaney, who is socially liberal, emphasized his pro-business views in his announcement.

PRESIDENT TRUMP GETS HIS FIRST 2020 CHALLENGER

“We need to encourage a more just and inclusive form of capitalism and reduce barriers to small-business formation, start-ups, job creation, investment and growth,” Delaney said.

He has already invested considerable time and money in Iowa and New Hampshire.

Julian Castro

Former Housing and Urban Development Secretary Julian Castro is hoping to make history as the country's first Latino president. Castro, who served under Obama, announced his campaign for president in his hometown, San Antonio, on Jan. 12.

"I’m running for President because it’s time for new leadership and to make sure opportunities I had are available to every American," he said during his announcement speech, which focused on immigration.

Castro, the grandson of a Mexican immigrant, mocked Trump for claiming that the U.S. faces an "invasion" from its ally to the south. "He called it a national security crisis," Castro said. "Well, there is a crisis today. It's a crisis of leadership. Donald Trump has failed to uphold the values of our great nation."

Castro, 44, became San Antonio's youngest-ever city councilman in 2001 at just 26 years old, The Atlantic Journal-Constitution reports. Years later, he became the city's mayor, serving from 2009 to 2014. During that time, he was thrust into the limelight. In 2012, he delivered the Democratic National Convention keynote speech, leading political pundits to grant him the nickname "Latino Barack Obama," according to the Texas Tribune.

The Stanford University and Harvard Law School graduate was in the running to become Hillary Clinton's potential presidential running mate but ultimately lost to Virginia Sen. Tim Kaine.

Kirsten Gillibrand

New York Sen. Kirsten Gillibrand, an outspoken Trump critic, announced the formation of a 2020 exploratory committee during a Jan. 15 appearance on "The Late Show with Stephen Colbert." It was a surprise to some who believed Gillibrand would instead opt to finish her 6-year term in the Senate.

"I'm filing an exploratory committee for president of the United States, tonight," Gillibrand told host Stephen Colbert. "I'm going to run for president of the United States because as a young mom, I'm going to fight for other people's kids as hard as I would fight for my own -- which is why I believe health care should be a right, not a privilege."

Days after the announcement, the 52-year-old will head to Iowa for a meeting and fundraiser with local Democrats, Fox News learned.

Richard Ojeda

Richard Ojeda is running for president in 2020.

Richard Ojeda is running for president in 2020. (Ojeda for Congress)

Democrat Richard Ojeda, a retired Army paratrooper and West Virginia lawmaker, formalized his campaign for the presidency on Veterans Day 2018. He announced he was going to resign his state Senate seat on Jan. 12 to focus on campaigning for president in 2020.

The so-called "Trump Democrat," who has been branded as a "JFK with tattoos and a bench press" by Politico Magazine, is of Mexican descent and became a champion of teachers during their fight for better pay and benefits. He sponsored successful legislation to make medical marijuana legal and has stressed health care and economic issues.

Ojeda came under fire in September 2018 for allegedly threatening state delegate Rupie Phillips, writing in a Facebook message, "When I'm done with you, you will beg me to ease up. I’m going to make you famous… and it’s not going to be in a good way."

At the time, the Ojeda campaign didn't deny the message was sent but pushed back against its meaning.

“This is absurd and obviously not a threat of physical violence,” the campaign’s spokeswoman told Fox News. “Richard was speaking about exposing Del. Phillips for his corruption in the West Virginia legislature."

Tulsi Gabbard

Democratic Rep. Tulsi Gabbard of Hawaii is also planning to run for president in 2020.

"There are a lot of reasons for me to make this decision,” Gabbard told CNN on Jan. 12, though she plans to make a more formal announcement within the week. “There are a lot of challenges that are facing the American people that I'm concerned about and that I want to help solve.”

The 37-year-old Iraq War veteran, who served two tours of duty in the Middle East, is the first Hindu elected to Congress and the first member born in the U.S. territory of American Samoa. She has visited early primary and caucus states New Hampshire and Iowa in recent months and has written a memoir that’s due to be published in May.

The lawmaker made news during the 2016 presidential campaign when she opted to back Sanders instead of Clinton.

TULSI GABBARD, HAWAII DEMOCRAT, SAYS SHE WILL RUN FOR PRESIDENT IN 2020

“As a veteran of two Middle East deployments, I know first hand the cost of war,” Gabbard explained in a YouTube video in February 2016, per The New York Times. “I know how important it is that our commander-in-chief has the sound judgment required to know when to use America’s military power and when not to use that power.

“As a vice chair of the D.N.C., I am required to stay neutral in Democratic primaries, but I cannot remain neutral any longer. The stakes are just too high. That’s why today I’m endorsing Senator Bernie Sanders to be our next president and commander in chief of the United States," she concluded.

Gabbard’s run would not be without controversy.

In 2016, she alarmed fellow Democrats when she met with Donald Trump during his transition to president and later when she took a secret trip to Syria and met with President Bashar Assad, who has been accused of war crimes and genocide. She questioned whether he was responsible for a chemical attack on civilians that killed dozens and led the U.S. to attack a Syrian airbase.

She said she doesn’t regret the trip and considers it important to meet with adversaries if “you are serious about pursuing peace.” She also noted that the 2003 invasion of Iraq was based on faulty intelligence and said that she wanted to understand the evidence of the Syria attack.

Fox News' Adam Shaw, Kaitlyn Schallhorn, Madeleine Rivera, Alex Pappas, Lukas Mikelionis and The Associated Press contributed to this report.

Source: Fox News Politics

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Kim Jong-Un Departs For Hanoi As Second Meeting With Trump Looms

North Korean leader Kim Jong Un boarded his armored train on Saturday afternoon (around 5 pm local time, 8 am in London) and departed for Hanoi, where he will meet President Trump and a team of American diplomats during a two day summit beginning on Wednesday.

The summit will occur against a backdrop of detente with North Korea’s puppetmaster, China – though the uneasy trade truce could very well collapse between now and then, potentially complicating Trump’s negotiations with the Koreans.

Since Kim abruptly announced more than a year ago that he would consider surrendering his nuclear stockpiles, end his anxiety-provoking missile and nuclear tests, and seek an agenda of rapproachment with his southern capitalist neighbors, handing Trump his first major geopolitical “win”, intelligence analysts have warned that almost no progress has been made during their periodic negotiations with the Koreans.

The North, they have warned, has continued work on its nuclear program – Kim’s public shuttering of a nuclear facility last year was merely a charade. And at times, North Korean diplomats have failed to contain their frustrations with the US and warned that they would abandon their commitments unless the US agrees to gradually remove sanctions.

But Trump has brushed aside these concerns. Instead, he has gushed about he and Kim – whom he once derided as “rocket man” – have “fallen in love”, and joked that the North Korean economy will take off “like a rocket” once the negotiations have been completed. The president has even boasted about how his handling of North Korea earned him a nomination for the Nobel Peace Prize (the nomination was reportedly submitted by Japanese leader Shinzo Abe), and that, if he had not been elected, the two countries “would be at war right now.”

Amid widespread skepticism about the North’s motives persists, former CIA official Andrew Kim said Friday during a talk at Stanford that Kim told then-CIA Director Mike Pompeo during a visit to Pyongyang last year that he didn’t want his children to “shoulder the burden” of nuclear weapons, Reuters reported.

“‘I’m a father and a husband. And I have children’,” Andrew Kim quoted the North Korean leader as telling Pompeo, when asked whether he was willing to end his nuclear program.

“‘And I don’t want my children to carry the nuclear weapon on their back their whole life.’ That was his answer,” Andrew Kim told a lecture on Friday at Stanford University’s Asia Pacific Research Center, where he is a visiting scholar.

In the US, North Korea has been out of the headlines for a while (the tensions from the summer of 2017, when Americans feared a war with the rogue state might be imminent, seem like a distant memory). But that doesn’t mean the second summit (following the “very successful”, as Trump described it, meeting in Singapore) can’t have an impact on markets and/or the national psyche.

Markets could latch on to any progress (perhaps movement toward formally ending the Korean War) as one more reason to cheer stocks higher. While signs of difficulty could be interpreted as a proxy for the US’s relationship with China (Trump said Friday that Beijing had been “very helpful” in the US’s dealings with North Korea).

Feel-good rhetoric aside, international sanctions are hampering the North Korean economy (though it continues to find ways, like clandestine at-sea oil shipments) to meet its basic needs. But unless something truly unexpected happens, with so much happening back home in the US next week (between Q4 GDP, Jerome Powell’s testimony and the approaching tariff deadline, to name a few), it’s unlikely that Trump’s second meeting with Kim will generate the same cycle-dominating headlines that their last meeting did.

That is, unless Trump accomplishes something that would be truly worthy of a Nobel Prize.


Thanks to a booming economy polls show Trump is still favored to win 2020. Paul Joseph Watson breaks down the path to keeping America great.

Source: InfoWars

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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.

ROSENSTEIN SLAMS OBAMA ADMINISTRATION FOR CHOOSING ‘NOT TO PUBLICIZE FULL STORY’ OF RUSSIA HACKING

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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New artwork believed to be from the elusive Banksy appeared overnight on a wall near where climate change activists spent the last two weeks protesting in London.

The street art – which was first noticed by people Thursday night – purportedly shows a child clutching a sign of the Extinction Rebellion emblem while planting a small flower with the words “From this Moment Despair Ends and Tactics Begin.”

It comes on the day that Extinction Rebellion backed up their protests which snarled traffic in the British capital for nearly two weeks.

A woman takes a picture of a new piece of street art that people noticed for the first time last night and is believed to be by street artist Banksy on a wall where Extinction Rebellion climate protesters had set up a camp in Marble Arch, London, Friday, April 26, 2019. 

A woman takes a picture of a new piece of street art that people noticed for the first time last night and is believed to be by street artist Banksy on a wall where Extinction Rebellion climate protesters had set up a camp in Marble Arch, London, Friday, April 26, 2019.  (AP)

CLIMATE ACTIVISTS GLUE THEMSELVES TO LONDON STOCK EXCHANGE ON ‘LAST DAY’ OF PROTESTS

A Bansky collector and expert told The Guardian he believes the mural on Marble Arch is an authentic piece by the Bristol street artist.

John Brandler, who owns a dozen pieces by Banksy, said he believes it’s an original because of its execution and theme.

“I’m convinced about the one in London for two reasons: it’s a topic that he would support, and it’s a continuation of the Port Talbot piece that appeared in December 2018,” he said. “The name in the corner is not important, the signature is the work. And this is a Banksy. It’s a wonderful statement and beautiful piece.”

A spokesperson for Westminster council told The Guardian that they are investigating the authenticity of the art piece. Banksy has not confirmed the authenticity.

Extinction Rebellion – self-described “rebels” – have recently made headlines for snarling traffic and public transit in London through a series of blockades. They ended their 10-day outlandish demonstrations on Thursday but not before several members glued themselves to the London Stock Exchange building.

Calvin Benson, 48, a supporter of the climate change activist group, told Sky News that the artwork “represents the will of the people that were here and the people of the nation.”

TOPLESS CLIMATE CHANGE PROTESTERS ARRESTED AFTER INTERRUPTING BREXIT DEBATE IN BRITISH PARLIAMENT

Bansky, who has never disclosed his full identity, began his career spray-painting buildings in Bristol, England, and has since become one of the world’s best-known artists.

His mischievous and often satirical images include two policemen kissing, armed riot police with yellow smiley faces and a chimpanzee with a sign bearing the words, “Laugh now, but one day I’ll be in charge.”

His artwork titled “Girl With Balloon” – one of his best-known works – was sold on auction for $1.4 million last October just before it self-destructed.

Videos from inside the Sotheby’s in London show the painting partially running through a shredder embedded in the frame and emerging from the bottom as strips.

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A video on Banksy’s website after the incident appeared to imply that the painting’s partial shredding was supposed to have been complete.

“In rehearsals, it worked every time…” the video notes at the end.

Source: Fox News World

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