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France preparing to fight activist funds: finance minister

FILE PHOTO: French Finance and Economy Minister Bruno Le Maire speaks to media after a meeting with his Swedish counterpart in Stockholm
FILE PHOTO: French Finance and Economy Minister Bruno Le Maire speaks to media after a meeting with his Swedish counterpart in Stockholm, Sweden February 4, 2019. Naina Helen Jama/TT News Agency/via REUTERS/File Photo

April 5, 2019

BUCHAREST (Reuters) – The French government is preparing measures to prevent activist funds destabilizing French companies, the country’s finance minister told Reuters in an interview.

Activist funds are increasingly active in Europe, buying up stakes in companies they feel are underperforming and pushing for changes in strategy to extract more value for shareholders.

The practice has been common in the U.S. for many years but slower to take off in Europe as big stakes held by founding families or even the state proved a deterrent.

In France, New York hedge fund Elliott Management is currently piling pressure on drinks giant Pernod Ricard, CIAM is tussling with reinsurer Scor, Amber Capital has acquired a stake in Lagardere and Searchlight Capital Partners said earlier this week it was investing in aeronautics company Latecoere.

“I am thinking about new national instruments that would make it possible to better resist activist funds,” Finance Minister Bruno Le Maire told Reuters in Bucharest, where he was attending an EU finance ministers meeting.

The plan would make it possible for the state to invest in companies it deemed to be of national interest, he said, declining to give further details other than saying the proposals would be ready in the coming months.

“It’s a subject I follow very closely because an activist fund that destroys value does not conform with the new capitalism I want to build,” he added.

Le Maire has championed an overhaul of French corporate law encouraging long-term investment and employee profit-sharing schemes. Parliament is due to vote on the legislation next week.

Le Maire said there was a place for investment funds which helped improve a company’s performance, but activist funds that destroyed longer-term value by trying to boost short-term profitability “should be fought”.

Elliott’s campaign to improve profit margins and corporate governance at Pernod has fueled concerns that no company is immune.

Not only does the group’s founding family hold a large stake, it is generally considered to be well managed already.

Last month, France’s Bpifrance pubic investment bank said it had 2 billion euros available to fend off potential activist attacks on French firms if needed.

Through the bank, the French government last week increased its stake in car parts maker Valeo, which has previously been targeted by activist investors.

Valeo also currently counts among its shareholders Chicago-based activist Harris Associates, which after Bpifrance’s move said it supported management.

(Reporting by Leigh Thomas; Editing by Kirsten Donovan)

Source: OANN

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‘Accidental Prime Minister’ has short run-up to Aussie vote

Scott Morrison was labeled the "Accidental Prime Minister" when he was thrust to the top of a bitterly divided Australian government facing likely defeat in elections only months away.

Since he was elected prime minister in a leadership ballot of colleagues in his conservative Liberal Party on Aug. 24, 2018, Morrison has taken as much time as he had available to repair the government and define his leadership before facing the voters.

The government's fortunes have gone downhill since then, losing two lawmakers and with them its single-seat majority in Parliament as part of the blood-letting that has followed the ouster of Morrison's predecessor, Malcolm Turnbull.

Opinion polls suggest the center-left Labor Party will win government.

There is a sense that Morrison has been able to separate himself from public anger at the revolving door of Australian politics.

Source: Fox News World

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Trump Warned Media & Big Tech To Stop Censoring — Now He Says He May Take Federal Action

The federal government may look into “collusion” between Democrats and the major corporate news networks over their “one-sided coverage,” President Trump warned.

“It’s truly incredible that shows like Saturday Night Live, not funny/no talent, can spend all of their time knocking the same person (me), over & over, without so much of a mention of ‘the other side.’ Like an advertisement without consequences. Same with Late Night Shows……” he tweeted Sunday.

“Should Federal Election Commission and/or FCC look into this? There must be Collusion with the Democrats and, of course, Russia! Such one sided media coverage, most of it Fake News. Hard to believe I won and am winning. Approval Rating 52%, 93% with Republicans. Sorry! #MAGA”

Though “Saturday Night Live” is a parody show, it frequently and disproportionately mocks Trump and conservatives with mean-spirited jokes and elevates Democrat talking points.

Nevertheless, it highlights the larger problem of mainstream media cheerleading Democrats and demonizing Trump at every opportunity.

Trump likely mentioned the FCC (Federal Communications Commission) in reference to the fairness doctrine, a discontinued regulation requiring news outlets to give equal coverage to both sides of a political issue.

Trump spoke out against online censorship after Big Tech banned Alex Jones in a coordinated social media purge last August.

“I won’t mention names but when they take certain people off of Twitter or Facebook and they’re making that decision, that is really a dangerous thing because that could be you tomorrow,” Trump told Reuters.


Source: InfoWars

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The Latest: Egypt amendments pass, now set for referendum

The Latest on amendments to Egypt's constitution (all times local):

6:40 p.m.

Egypt's parliament has passed proposed amendments to the constitution that could see President Abdel-Fattah el-Sissi remain in power until 2030.

The country's state-run MENA news agency says the 596-member assembly, backed by el-Sissi supporters, gave its final approval on Tuesday.

The amendments now face a national referendum, likely before early May when the Muslim holy month of Ramadan starts.

The proposals would only extend a president's term in office from four to six years. But they include a special article to extend el-Sissi's current, second term to six years and allow him to run for another six-year term in 2024.

Critics of the move argue that Egypt is slipping back into authoritarianism, eight years after a pro-democracy uprising ended autocrat Hosni Mubarak's three-decade rule.

___

10:35 a.m.

Egypt's parliament is holding the last debate on proposed amendments to the constitution that could see President Abdel-Fattah el-Sissi remain in power until 2030.

Tuesday's session comes ahead of a final vote by lawmakers on the changes to the 2014 charter, before the amendments are put on a national referendum, likely before early May when the Muslim holy month of Ramadan starts.

The proposals would only extend a president's term in office from four to six years. But they include a special article to extend el-Sissi's current, second term to six years and allow him to run for another six-year term in 2024.

Critics of the move argue that Egypt is slipping back into authoritarianism, eight years after a pro-democracy uprising ended autocrat Hosni Mubarak's three-decade rule.

Source: Fox News World

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Avenatti Drops Stormy Daniels

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Missouri man who toppled more than 100 headstones at Jewish cemetery gets probation

A Missouri man was sentenced to three years of probation Thursday for toppling more than 100 headstones at a Jewish cemetery in St. Louis in February 2017, which resulted in $30,000 worth of damages.

Alzado Harris, 35, of Northwoods was also ordered to pay $5,000 in restitution after admitting to police he was drunk, on drugs and angry at a friend when he knocked over about 120 headstones at Chesed Shel Emeth Cemetery in University City, about 9 miles west of St. Louis.

Vice President Pence visited the cemetery shortly after the crime, which happened during a time when Jewish organizations around the country were receiving bomb threats, the Jewish Telegraphic Agency reported.

Prosecutors said Thursday there was no evidence suggesting Harris’ actions were anti-Semitic in nature. Statistics released by the Anti-Defamation League (ADL) indicted a nearly 60 percent rise in anti-Semitism in the United States in 2017.

FIFTY-NINE GRAVESTONES VANDALIZED AT MASSACHUSETTS JEWISH CEMETERY

“There is no evidence to indicate the incident was racially, ethnically or religiously motivated,” University City police said in a statement shortly after Harris’ arrest in 2017. Harris was linked to the crime through DNA found on a discarded jacket. The DNA matched a sample Harris provided in the investigation of another burglary.

Harris, who was found guilty of felony institutional vandalism, was not charged with bias or hate crime. Other than probation and paying a fine, he also must work full time, take an anger management course, and not contact the victim, according to court records.

The number of anti-Semitic attacks, including physical assaults, vandalism, and attacks on Jewish institutions, rose by 57 percent from 2016 to 2017, the ADL reported. The ADL, which is an international Jewish non-governmental organization based in the U.S., cited 1,986 anti-Semitic incidents across the country in 2017, compared to 1,267 incidents in 2016.

Eric Greitens, who is Jewish and was Missouri’s governor at the time of the incident, spent time volunteering with members of his staff at Chesed Shel Emeth to clean up the damaged headstones. The local Jewish Federation also donated $250,000 for upgraded security measures, including cameras, lighting and higher fencing at Chesed Shel Emeth and other Jewish cemeteries in the area.

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Activists Linda Sarsour and Tarek El-Messidi raised more than $162,000 through a crowdfunding campaign that contributed to damage repairs at Chesed Shel Emeth Cemetery, two other vandalized U.S. Jewish cemeteries and a vandalized synagogue, the Jewish Telegraphic Agency reported.

Chesed Shel Emeth Cemetery was rededicated in August 2017.

The Associated Press contributed to this report. 

Source: Fox News National

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Brian Stelter Calls Into The Alex Jones Show To Complain

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Source: InfoWars

NOW ON AIR
Now On Air

Alex Jones – Info Wars

12:00 pm 4:00 pm



Sri Lanka's former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake
Sri Lanka’s former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake, Sri Lanka April 12, 2019. REUTERS/Dinuka Liyanawatte

April 26, 2019

By Sanjeev Miglani and Shihar Aneez

COLOMBO (Reuters) – Sri Lanka’s former wartime defense chief, Gotabaya Rajapaksa, said on Friday he would run for president in elections this year and would stop the spread of Islamist extremism by rebuilding the intelligence service and surveilling citizens.

Gotabaya, as he is popularly known, is the younger brother of former President Mahinda Rajapaksa and the two led the country to a crushing defeat of separatist Tamil rebels a decade ago after a 26-year civil war.

More than 250 people were killed in bomb attacks on hotels and churches on Easter Sunday that the government has blamed on Islamist militants and that Islamic State has claimed responsibility for.

Gotabaya said the attacks could have been prevented if the island’s current government had not dismantled the intelligence network and extensive surveillance capabilities that he built up during the war and later on.

“Because the government was not prepared, that’s why you see a panic situation,” he said in an interview with Reuters.

Gotabaya said he would be a candidate “100 percent”, firming up months of speculation that he plans to run in the elections, which are due by December.

He was critical of the government’s response to the bombings. Since the attacks, the government has struggled to provide clear information about how they were staged, who was behind them and how serious the threat is from Islamic State to the country.

“Various people are blaming various people, not giving exactly the details as to what happened, even people expect the names, what organization did this, and how they came up to this level, that explanation was not given,” he said.

On Friday, President Maithripala Sirisena said the government led by premier Ranil Wickremesinghe should take responsibility for the attacks and that prior information warning of attacks was not shared with him.

Wickremesinghe said earlier he was not advised about warnings that came from India’s spy service either, presenting a picture of a government still in disarray since the two leaders fell out last October.

Gotabaya is facing lawsuits in the United States, where he is a dual citizen, over his role in the war and afterwards.

The South Africa-based International Truth and Justice Project, in partnership with U.S. law firm Hausfeld, filed a civil case in California this month against Gotabaya on behalf of a Tamil torture survivor.

In a separate case, Ahimsa Wickrematunga, the daughter of murdered investigative editor Lasantha Wickrematunga, filed a complaint for damages in the same U.S. District Court in California for allegedly instigating and authorizing the extrajudicial killing of her father.

Gotabaya said the cases were baseless and only a “little distraction” as he prepared for the election campaign. He said he had asked U.S. authorities to renounce his citizenship and that process was nearly done, clearing the way for his candidature.

‘DISMANTLE THE NETWORKS’

He said that if he won, his immediate focus would to be tackle the threat from radical Islam and to rebuild the security set-up.

“It’s a serious problem, you have to go deep into the groups, dismantle the networks,” he said, adding he would give the military a mandate to collect intelligence from the ground and to mount surveillance of groups turning to extremism.

Gotabaya said that a military intelligence cell he had set up in 2011 of 5,000 people, some of them with Arabic language skills and that was tracking the bent towards extremist ideology some of the Islamist groups were taking in eastern Sri Lanka was disbanded by the current government.

“They did not give priority to national security, there was a mix-up. They were talking about ethnic reconciliation, then they were talking about human rights issues, they were talking about individual freedoms,” he said.

President Sirisena’s government sought to forge reconciliation with minority Tamils and close the wounds of the war and launched investigations into allegations of rights abuse and torture against military officers.

Officials said many of these secret intelligence cells were disbanded because they faced allegations of abuse, including torture and extra judicial killings.

Muslims make up nearly 10 percent of Sri Lanka’s population of 22 million, which is predominantly Buddhist.

(Reporting by Sanjeev Miglani; Editing by Frances Kerry)

Source: OANN

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FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid

April 26, 2019

NEW YORK (Reuters) – The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

This would mark the third such “technical” adjustment on the interest on excess reserves (IOER) following cuts last June and December.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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In response to the news that the U.S. economy rose 3.2 percent in the first quarter of 2019, White House National Economic Council Director Larry Kudlow said that this “prosperity cycle” will continue if President Trump‘s policies stay in place.

Calling the advance in gross domestic product a “blow-out number,” Kudlow told “America’s Newsroom” Friday that it serves as concrete proof Trump’s measures to grow the economy have been successful.

“I’ll just say, Trump’s policies to rebuild the economy, lower taxes, regulations, opening energy, trade reform. Look, this stuff is working,” he said.

“It tells me, among other things, that the prosperity cycle we have entered into is continuing, it is strong. It has legs and momentum and frankly it is going to go on for quite some time,” he continued. “This is the new Trump economy. Some people don’t like that or they don’t agree with that. I respect the differences but I’ll tell you it’s working.”

STUART VARNEY: THANKS TO TRUMP, AMERICANS ARE FEELING BETTER ABOUT THEIR FINANCES

39 MILLION ADULTS CANNOT AFFORD A SUMMER VACATION

Kudlow added that Trump has “ended the war” on business and success, and is rallying for the small business owners of America.

“The president is rebuilding incentives, he is rebuilding confidence, he the rebuilding optimism,” he said. “He is basically saying you should keep more of what you earn. He is basically saying to small businesses we’ll cut the paperwork back and make it easier for you to start a business and prosper.”

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Kudlow said the Trump administration is also working with House Speaker Nancy Pelosi and other Democratic leaders to implement bipartisan deals to ensure the continuation of the GDP’s success.

“If the policies and the principles remain in place — and I believe they will — then I believe this new prosperity expansion cycle is going to go on for a whole bunch of more years,” he said.

Source: Fox News Politics

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Tennis - Australian Open - Women's Singles Final
FILE PHOTO: Tennis – Australian Open – Women’s Singles Final – Melbourne Park, Melbourne, Australia, January 26, 2019. Japan’s Naomi Osaka attends a news conference after winning her match against Czech Republic’s Petra Kvitova. REUTERS/Adnan Abidi

April 26, 2019

(Reuters) – World number one Naomi Osaka came from behind in the final set to beat Croatian Donna Vekic 6-3 4-6 7-6(4) on Friday and move into the Porsche Tennis Grand Prix semi-finals.

Osaka comfortably won the opening set but was tested by the Croatian, who pushed her to the limit in the second and third. The Japanese made 45 unforced errors as she struggles to get to grips with swapping hard courts for clay.

Osaka was visibly frustrated and trailed 5-1 in the final set but she refused to give up and found her rhythm to break Vekic twice and prevent her from serving for the match.

In the tiebreaker, a confident Osaka upped her baseline game and had two early mini breaks before wrapping up the match in two hours and 18 minutes. An infuriated Vekic even smashed her racket after losing the match.

“I told myself I didn’t want to have any regrets here,” Osaka said. “I was stressed out when I went down 1-5… but this (comeback) was pretty good because I don’t play really well on clay.”

Earlier, world number three Petra Kvitova came back from a set down to beat Anastasija Sevastova 2-6 6-2 6-3 and move into the tournament’s semi-finals for the third time in her career.

Sevastova had a dream start, breaking Kvitova twice to take a 3-0 lead as the Czech struggled with her first serve. Kvitova also made a slew of unforced errors, with many of her returns going long.

Sevastova used the full width of the court to get the better of Kvitova, who played on the back foot for much of the first set as the Latvian gave her little time to catch her breath.

However, Kvitova recovered in the second set and she broke Sevastova’s serve when she was 3-2 up, winning 10 straight points to take a 5-2 lead. Sevastova looked shaken and was broken again to give Kvitova the second set.

Kvitova took command in the final set and broke a visibly upset Sevastova to take a 3-1 lead before easing into the semis.

“In the first set I missed almost everything. I was pretty slow and she just couldn’t miss,” Kvitova said. “In the second set it was very important for me to stay on my serve and the chance to break her came.”

Kiki Bertens plays Angelique Kerber later on Friday and Victoria Azarenka faces Anett Kontaveit in the last quarter-final.

(Reporting by Rohith Nair in Bengaluru, editing by Ed Osmond)

Source: OANN

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President Donald Trump says he feels “young” and “vibrant” at age 72 and thinks he can beat 76-year-old Joe Biden “easily.”

A reporter asked Trump at the White House on Friday how old is too old to be president of the United States.

Trump said: “I just feel like a young man. I’m so young. I can’t believe it. … I’m a young vibrant man.”

Then he smiled and said he’s not sure about Democratic presidential contender Biden, the second-oldest contender in the race behind Bernie Sanders.

Trump said: “I look at Joe. I don’t know about him.”

Biden, in an interview on ABC’s “The View,” joked in response that if Trump “looks young and vibrant compared to me, I should probably go home.”

Source: NewsMax Politics

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