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Cummings: House May Consider Impeachment ‘Very Soon,’ But Not Yet

Rep. Elijah Cummings, D-Md., the chair of the House Oversight Committee, said Friday that the House may weight impeaching President Donald Trump, but they must first wait to get the full picture of special counsel Robert Mueller’s investigation.

Cummings said on MSNBC’s “Morning Joe” that Trump’s conduct, according to the report, was “at least 100 times worse” than former President Bill Clinton’s behavior, which led to impeachment proceedings.

“We’ve got to go against this. We’ve got to expose it,” the congressman said. “A lot of people keep asking about the question of impeachment. We may very well come to that very soon, but right now let’s make sure we understand what Mueller was doing, understand what Barr was doing, and see the report in an unredacted form and all of the underlying documents.”

Cummings’ comment comes after House Majority Leader Steny Hoyer, D-Md., said that “impeachment is not worthwhile at this point.”

Source: NewsMax Politics

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Thai election body orders redo in places over irregularities

Thai election authorities have ordered a recount of votes and new elections in some polling areas after finding irregularities in last month's elections.

Thailand's Election Commission said in a statement Thursday that it had ordered a recount in two polling stations and new elections in six polling stations due to the number of voters not matching the number of ballots in the March 24 general elections.

The recount involves two polling stations in Khon Kaen province and the new elections were required at polling stations in provinces Lampang, Yasothon, Phetchabun, Phitsanulok, and Bangkok.

Sawaeng Boonmee, the commission's deputy secretary-general, said the date of the new election will be announced later but it will likely take place after Thailand's new year's holidays in mid-April.

Source: Fox News World

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5 inmates escape N. Carolina jail, 2 taken into custody

Two of the five inmates who escaped from the Nash County Detention center in North Carolina have been taken into custody.

WRAL-TV reports that Sheriff Keith Stone says the inmates forced through a whole in a fence in the exercise yard at 3:30 p.m. on Monday and escaped. He said it was possible the inmates knew they were in a camera's blind spot.

The inmates are identified as 28-year-old David Marshal Viverette, 30-year-old David Ruffin Jr., 23-year-old Keonte Daemoan Murphy, 25-year-old Raheem D-Carlos Horne and 22-year-old Laquaris Rashad Battle. It was not immediately clear which of the two had been captured.

Their charges range from possession of a stolen vehicle to assault by strangulation and drug possession.

Stone says the FBI and other area law enforcement departments are assisting in the search. He urged residents to lock their homes and cars while the hunt continues.

___

This story has been corrected to show the inmates escaped on Monday, not Tuesday.

Source: Fox News National

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ECB to keep policy as easy as needed: Villeroy

FILE PHOTO: ECB policymaker Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo
FILE PHOTO: European Central Bank policymaker Francois Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo, Japan, November 19, 2018. REUTERS/Toru Hanai/File Photo

April 11, 2019

WASHINGTON (Reuters) – The European Central Bank will keep its monetary policy as accommodative as necessary for as long as needed to reach its inflation target, French central bank governor Francois Villeroy de Galhau said on Thursday.

Speaking at an event in Washington on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, Villeroy de Galhau said the euro zone economy was now slowing, but would not be in recession.

Referring to the last meeting of the ECB’s governing council this week, he said:

“We confirmed our monetary commitment that we are ready to keep policy accommodative for as much and as long as necessary to reach our inflation target.”

He also reiterated the ECB would study the possibility of introducing tiered deposit rates for banks to limit the negative effect the current negative rate has on banks.

(Reporting By Jan Strupczewski; Editing by Francesco Canepa)

Source: OANN

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Fed should cut rates by half a point, Kudlow tells Axios

FILE PHOTO: CPAC conference takes place in Maryland
FILE PHOTO: White House economic adviser Larry Kudlow gives a thumbs up after speaking at the Conservative Political Action Conference (CPAC) at National Harbor in Oxon Hill, Maryland, U.S., February 28, 2019. REUTERS/Kevin Lamarque

March 29, 2019

(Reuters) – The U.S. Federal Reserve should “immediately” cut interest rates by half a percentage point, White House economic adviser Larry Kudlow told Axios on Friday.

Kudlow’s comments in an interview with Axios aligned with those of Stephen Moore, the conservative commentator whom President Donald Trump has said he plans to nominate to a seat on the Fed’s board of governors. Moore has criticized the Fed for a series of rate hikes, which the bank signaled last week had come to an end for now.

Kudlow said he “would love to see” such a downward move by the Fed, adding that the central bank shouldn’t have ever set overnight interest rates past 2 percent.

(Reporting by Dan Burns;Editing by Jeffrey Benkoe)

Source: OANN

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NFL notebook: Giants wide receiver Shepard gets hefty extension

NFL: New York Giants at Atlanta Falcons
FILE PHOTO: Oct 22, 2018; Atlanta, GA, USA; New York Giants wide receiver Sterling Shepard (87) stiff arms Atlanta Falcons defensive back Sharrod Neasman (41) in the fourth quarter at Mercedes-Benz Stadium. Mandatory Credit: Brett Davis-USA TODAY Sports

April 11, 2019

The New York Giants are finalizing a four-year, $41 million contract extension with wide receiver Sterling Shepard, NFL Network reported Wednesday.

The deal includes $21.3 million in guaranteed money, according to ESPN.

Shepard, a second-round pick out of Oklahoma in 2016, set career highs last season with 66 catches for 872 yards. He has started 42 of his 43 games with the Giants, catching 190 passes for 2,286 yards and 14 touchdowns.

The Giants also re-signed wide receiver Russell Shepard (no relation), who confirmed the news on social media.

–Meanwhile, the Giants hosted former New York Jets cornerback Morris Claiborne and former Los Angeles Chargers defensive tackle Corey Liuget on free agent visits, ESPN reported.

A former first-round pick of the Dallas Cowboys, the 29-year-old Claiborne started 30 games over the last two seasons for the Jets, breaking up 22 passes and making three interceptions.

Liuget, 29, was released by the Chargers earlier this offseason. He has 24 career sacks since being drafted in the first round in 2011, though just three since 2015. He missed 10 games last season due to a suspension and a knee injury.

–Projected top-five NFL draft pick Nick Bosa admitted in an interview with ESPN that he has scrubbed his Twitter account clean of anything that could be considered political.

Bosa, a former Ohio State defensive end, frequently had tweeted his support for President Donald Trump, and he also criticized former San Francisco 49ers quarterback-turned-social activist Colin Kaepernick.

However, knowing he could wind up in a liberal city, such as San Francisco, where the 49ers hold the No. 2 pick, he chose to clean the slate.

–At least three more quarterbacks reportedly are visiting this week with the Washington Redskins, who hold the No. 15 pick in this month’s draft.

NFL Network said Duke’s Daniel Jones, Ohio State’s Dwayne Haskins and Northwestern’s Clayton Thorson all have meetings scheduled with the Redskins, who have already hosted Missouri’s Drew Lock and Auburn’s Jarrett Stidham.

Jones will visit Wednesday night and Thursday, Thorson meets with the team Wednesday, and Haskins is due sometime this week, according to NFL Network. West Virginia’s Will Grier is also expected at Redskins Park in the coming days, according to NBC Sports Washington.

–Free agent tight end Austin Seferian-Jenkins signed a contract with the New England Patriots. Terms were not announced, but multiple outlets reported it’s a one-year deal for the veteran minimum.

The team also confirmed the re-signing of kicker Stephen Gostkowski.

Meanwhile, ESPN reported the Patriots brought in former Broncos and Texans wide receiver Demaryius Thomas and former Jaguars running back T.J. Yeldon for free agent visits.

–The Jets signed former Alliance of American Football quarterback Brandon Silvers, the team announced.

Silvers, 24, started three games for the Memphis Express and passed for 777 yards, four touchdowns and one interception. In four seasons at Troy from 2014-17, Silvers passed for 10,677 yards with 71 TDs and 29 picks.

The Jets also brought former Chiefs running back Spencer Ware in for a visit and will host former Packers and Ravens running back Ty Montgomery on a visit on Thursday, ESPN reported.

–The Buffalo Bills signed former Lions and 49ers defensive end Eli Harold to a one-year deal.

Harold, 25, had a career-high four sacks along with five quarterback hits in 13 games as a reserve last season for the Lions, who acquired him from the 49ers late in training camp.

A third-round pick in 2015, Harold has nine career sacks in 61 games (25 starts).

–The Dallas Cowboys released guard Parker Ehinger and defensive tackle Aziz Shittu.

Ehinger, 26, was acquired from the Chiefs in a trade during training camp last year, but he sustained a season-ending knee injury less than a week later and missed the whole season. He started four games in 2016 and one in 2017 with Kansas City.

Shittu, 24, was on and off the Cowboys’ practice squad last season. He has not appeared in a regular-season NFL game.

–Field Level Media

Source: OANN

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Mexican president urges bank competition to boost financial inclusion

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador speaks to the media 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 President Andres Manuel Lopez Obrador speaks to the media 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 23, 2019

ACAPULCO, Mexico (Reuters) – Mexico’s president and the head of the country’s banking association on Friday called for more competition among banks to drive them to offer lower commissions, in a bid to help millions of Mexicans without bank accounts to enter the formal economy.

If needed, the government would offer more licenses to create new banks and spur competition, President Andres Manuel Lopez Obrador said at a banking convention in Acapulco. He also reiterated a commitment to not create laws that would regulate bank commissions.

The president of the Mexican banking association, Luis Nino de Rivera, said banks were committed to “auto regulation” and to improving competition. In particular, he said, banks should not charge any commissions for digital accounts.

Banking costs are a sensitive issue in Mexico, where officials have struggled to improve financial inclusion for the millions of people who do not have bank accounts.

When Lopez Obrador’s ruling MORENA party introduced a bill last year to limit banking fees it triggered a selloff in the stock market. Lopez Obrador distanced himself from the bill. He also said there would be no legal modifications on economic, financial and fiscal matters in the first half of his six-year term.

(Reporting by Daina Beth Solomon and Dave Graham)

Source: OANN

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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

April 26, 2019

By Charlotte Greenfield

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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

April 26, 2019

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

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

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

(Reporting by Muvija M in Bengaluru)

Source: OANN

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