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‘Mayor Pete’ Joins 2020 Dem Race as Face of New Generation

Pete Buttigieg, the little-known Indiana mayor who has risen to prominence in the early stages of the 2020 Democratic presidential race, made his official campaign entrance Sunday by claiming the mantle of youthful generation ready to reshape the country.

"I recognize the audacity of doing this as a Midwestern millennial mayor. More than a little bold, at age 37, to seek the highest office in the land," he said to cheers of "Pete, Pete, Pete" from an audience assembled in a former Studebaker auto plant.

The South Bend mayor, a Rhodes Scholar and Afghanistan War veteran who has been exploring a White House run since January, has now joined a field of a dozen-plus rivals vying to take on President Donald Trump.

"The forces of change in our country today are tectonic," he said. "Forces that help to explain what made this current presidency even possible. That's why, this time, it's not just about winning an election — it's about winning an era."

Buttigieg will return this week to Iowa and New Hampshire, which hold the nation's first nominating contests, to campaign as a full-fledged candidate now being taken more seriously.

Over the past few months, Buttigieg has appeared frequently on national TV news and talk shows and developed a strong social media following with his message that the country needs "a new generation of leadership."

Buttigieg's poll numbers have climbed. Some polls put him behind only Vermont Sen. Bernie Sanders, who sought the party's nomination in 2016, and former Vice President Joe Biden, who has not yet said he's running.

Buttigieg's campaign has raised more than $7 million in the first three months of this year, a total eclipsed by Sanders' leading $18 million but more than Sens. Elizabeth Warren of Massachusetts, Amy Klobuchar of Minnesota and Cory Booker of New Jersey.

"Right now, it's pretty fun," Buttigieg told The Associated Press last month while visiting South Carolina , where he was met by larger-than-expected crowds.

His challenge is finding a way to sustain the momentum over the long term and avoiding becoming a "flavor-of-the-month" candidate. Scrutiny of his leadership in South Bend has increased, as has his criticism of Vice President Gov. Mike Pence , who was Indian's governor when Buttigieg was in his first term as mayor.

Buttigieg would be the first openly gay nominee of a major presidential party; he married his husband, Chasten, last year. He would be the first mayor to go directly to the White House. And he would be the youngest person to become president, turning 39 the day before the next inauguration, on Jan. 20, 2021. Theodore Roosevelt was 42 when he took office, while John F. Kennedy was 43 and Bill Clinton 46.

The campaign kickoff speech echoed themes that have resonated with voters during Buttigieg's exploratory phase.

He talks often about how political decisions shape people's lives, including his own — from serving as a lieutenant in the Navy Reserve in 2014, to being able to marry his husband and to not having to worry about how to pay for his father's hospital bills after his father's death this year.

Buttigieg also says the best way for Democrats to defeat Trump may be to nominate a mayor experienced in helping to revive a Midwestern city once described as "dying," rather than a politician who has spent years "marinating" in Washington.

He has criticized Trump's campaign slogan, "Make America Great Again," saying the way to move the country forward is not to look backward or cling to an old way of life.

"There's a myth being sold to industrial and rural communities: the myth that we can stop the clock and turn it back," he said in the kickoff speak. "It comes from people who think the only way to reach communities like ours is through resentment and nostalgia, selling an impossible promise of returning to a bygone era that was never as great as advertised to begin with."

South Bend, which neighbors the University of Notre Dame, was hit hard by the decline of manufacturing, dating to the 1963 closing of the Studebaker auto plant that costs thousands of residents their jobs.

The hulking, dilapidated factory loomed over the city for much of the past 60 years as what Buttigieg called a daily reminder of South Bend's city's past. Partially remodeled, it's now a mixed-use mixed-use technology center outside downtown — and the setting for Bettigieg's announcement.

Several thousand people assembled inside, where a steady stream of raindrops fell on speakers on the stage through the leaky roof. An overflow crowd of a few hundred more stood outside.

"I like that he's young. He's so relatable. He doesn't seem like a politician to me," said Tom Lacy, a 62-year-old retired who came from Peoria, Illinois, for the event with his wife, Candy, on their 35th wedding anniversary. "The contrast between him and our current president is unbelievable."

Nausher Ahmad Sial, a 68-year-old developer from South Bend, said the 2020 election is about the future of the country and "we need to try new blood."

Sial, who came to the U.S. from Pakistan 35 years ago, said he has worked with Buttigieg on development projects in the city and described the mayor as a "very honest, very fair guy."

Source: NewsMax Politics

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President Trump: 'I don't want immigrants that will be dependent on welfare'

President Trump said in an interview released Monday that he does not want any immigrants to come to the United States who would be on welfare.

“I don’t want to have anyone coming in that’s on welfare,” Trump told Breitbart News.

“We owe a lot of money. We’re taking care of everybody in the world’s military. But now as you know I got over $100 billion from NATO countries," Trump said in the interview. "But that’s not enough, that’s not enough, we’re paying for massive portions of NATO."

[The Democrats will] take anybody into this country and we’re not allowing it.

— President Trump

Trump's comments came in response to questions citing a report by the Center for Immigration Studies that said "63 percent of households headed by a non-citizen reported that they used at least one welfare program" in 2014. However, some critics have challenged the numbers. The think tank describes itself as an "independent, non-partisan, non-profit, research organization" and has the slogan "low-immigration, pro-immigrant."

TRUMP RELEASES BUDGET SEEKING BILLIONS FOR BORDER WALL

Trump accused politicians and Democrats of being weak or having vested interests in allowing immigrants needing welfare assistance to come into the country.

“We have a problem, because we have politicians that are not strong, or they have bad intentions, or they want to get votes, because they think if they come in they’re going to vote Democrat, you know, for the most part," Trump said.

Speaking about the Democrats, he added, “They’ll take anybody into this country and we’re not allowing it, but because of the success of the country economically, some people say—I blame myself, but that’s a good blame not a bad blame—but because of the country’s success and you need workers here.”

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He continued: “You do need workers. You have homes in Houston, and they can’t get people to build the homes—and lots of other places. But because of what’s happened, and because of the people coming up, they want them to come in and they don’t care how they come in.”

The president concluded: “I don’t like the idea of people coming in and going on welfare for 50 years, and that’s what they want to be able to do—and it’s no good.”

Source: Fox News Politics

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Dershowitz: Dems Have ‘Unbelievable’ Double Standard on Mueller

Democrats have an "unbelievable" double standard when it comes to their demands for the release of the unredacted version of special counsel Robert Mueller's report, Harvard Law professor emeritus Alan Dershowitz said Monday, while responding to Rep. Jerrold Nadler's comments that he wanted to see if the document contained proof of "bad deeds and motives."

"Would he have said the same thing if [former FBI Director James] Comey started talking about Hillary Clinton?" Dershowitz told Fox News' "America's Newsroom."  "Yeah, there wasn't enough evidence to go after her, but maybe she really did some terrible things?"

When Comey said Clinton had engaged in "extreme carelessness," Nadler and other Democrats went after him, saying it was not Comey's role to say such things, said Dershowitz.

"The role of the prosecutor is to say indict or don't indict," he said. "You don't express opinions about bad things people did where there wasn't proof beyond a reasonable doubt. The double standard is unbelievable."

The Mueller report will be released on Thursday, and  Dershowitz said he doesn't believe there will be that many redactions on it.

He added that he believes there will be two separate reports involved, with half of those on the Mueller team thinking President Donald Trump was guilty and the other half saying there was insufficient evidence or he was not guilty.

He added that while he wants to read both reports, he does not think there will be new facts, as the obstruction case is based on what Trump said publicly and in tweets.

Source: NewsMax Politics

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Israeli court upholds deportation of Human Rights Watch official

Omar Shakir, Israel and Palestine Director at Human Rights Watch, is seen at his hearing at the district court in Jerusalem
FILE PHOTO: Omar Shakir, Israel and Palestine Director at Human Rights Watch, is seen at his hearing at the district court in Jerusalem March 11, 2019. REUTERS/Ammar Awad

April 16, 2019

JERUSALEM (Reuters) – The director of the Israeli office of Human Rights Watch on Tuesday lost his appeal against deportation, having been accused of promoting pro-Palestinian boycotts of Israel, the Justice Ministry said.

Omar Shakir had contested the revocation of his work permit last year. The New York-based watchdog has cast his case as a bid to suppress global criticism of Israel’s treatment of Palestinians.

Israel says that Shakir, a U.S. citizen, supports the Boycott, Divestment and Sanctions (BDS) movement. Israel has criminalized BDS and has lobbied Western powers to follow suit.

Human Right Watch called the ruling “a new and dangerous interpretation of the law”, and said it would appeal to Israel’s Supreme Court and seek an injunction to let Shakir stay in Israel until any appeal was heard.

In its ruling on Tuesday, the Jerusalem District Court said that Shakir supported the boycott of Israel and of Israeli settlements in the occupied West Bank. It gave him until May 1 to leave the country.

“The appellant continues to call publicly for a boycott of Israel, or parts of it, while at the same time asking (Israel) to open its doors to him,” said the ruling distributed by the Justice Ministry.

Human Right Watch said that neither it nor Shakir as its representative promoted boycotts of Israel.

“The decision sends the chilling message that those who criticize the involvement of businesses in serious abuses in Israeli settlements risk being barred from Israel and the Israeli-occupied West Bank,” said Tom Porteous, deputy program director at Human Rights Watch.

Israeli Strategic Affairs Minister Gilad Erdan welcomed the court’s decision. “We will not allow the promotion of boycotts under the disguise of ‘human rights activists’ as Shakir did,” Erdan said on Twitter.

The Palestinians and many countries consider settlements to be illegal under international law. Israel disputes this, citing security needs and biblical, historical and political connections to the land.

The Palestinians want to establish a state in the West Bank, east Jerusalem and the Gaza Strip, territories Israel captured in 1967. Israel has annexed east Jerusalem and withdrawn from Gaza. The West Bank remains under Israeli military occupation with limited Palestinian self rule.

(Reporting by Stephen Farrell and Maayan Lubell; Writing by Maayan Lubell)

Source: OANN

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Mueller report provides intimate scenes from the Trump White House

Special Counsel Robert Mueller arrives at his office building in Washington
Special Counsel Robert Mueller arrives at his office building in Washington, U.S., April 12, 2019. REUTERS/Jeenah Moon

April 18, 2019

(Note: Story includes language throughout that will offend some readers.)

By Ginger Gibson

WASHINGTON (Reuters) – Special Counsel Robert Mueller’s report builds upon dozens of interviews, notes and communications to piece together what was happening inside President Donald Trump’s White House.

Here are some of those scenes:

‘I’M FUCKED’

Attorney General Jeff Sessions broke the news to Trump on May 17, 2017, that Rod Rosenstein had appointed Robert Mueller to be the special counsel.

Sessions was with Trump in the Oval Office conducting interviews for a new FBI director but stepped outside when Rosenstein called to give him the news.

Trump slumped in his chair after Sessions returned and informed him of the appointment, according to notes taken at the time by Jody Hunt, who was Session’s chief of staff, and provided to Mueller’s team.

“Oh my God. This is terrible. This is the end of my presidency. I’m fucked,” Trump said.

Trump then turned his anger toward Sessions.

“You were supposed to protect me,” Sessions recalled Trump telling him.

Trump then again bemoaned the potential fallout of a special counsel.

“Everyone tells me if you get one of these independent counsels it ruins your presidency. It takes years and years and I won’t be able to do anything. This is the worst thing that ever happened to me,” Trump then said, according to both Hunt and Sessions.

A TENSE MEETING

Chief of Staff John Kelly detailed a “tense” Oval Office meeting he convened the morning of Feb. 6, 2018, to try to smooth things over between Trump and White House Counsel Don McGahn.

Months earlier, McGahn had been on the brink of resigning when he said Trump told him to get rid of Special Counsel Mueller. Now, Trump was angry because the New York Times and Washington Post had written articles about McGahn’s refusal to fire Mueller.

“I never said to fire Mueller,” Trump began the meeting, according to McGahn’s retelling to Mueller. “I never said ‘fire.’ This story doesn’t look good. You need to correct this. You’re the White House counsel.”

McGahn refused, saying that the article in the Times was accurate.

“Did I say the word ‘fire’?” Trump then said, according to accounts by both McGahn and Kelly.

McGahn said he responded, “What you said is, ‘Call Rod (Rosenstein), tell Rod that Mueller has conflicts and can’t be the Special Counsel.'”

“I never said that,” McGahn recalled Trump saying.

‘THE RUSSIA THING IS OVER’

On Valentine’s Day 2017, Trump had lunch with then-New Jersey Governor Chris Christie.

Trump told Christie, who had become an ally of the president early in the campaign, that the firing of Michael Flynn, the former national security aide, was going to solve his problems.

“Now that we fired Flynn, the Russia thing is over,” Trump told Christie, the governor recalled.

Christie laughed and told the president he expected they would still be discussing Russia a year later.

“That was the problem. I fired Flynn. It’s over,” Trump countered.

Christie, a former U.S. attorney, then told the president that he should not talk about the investigation, even if frustrated, and that he was going to be stuck with the Flynn story for a long time.

“Like gum on the bottom of your shoe,” Christie said.

SESSIONS RESIGNATION LETTER

As Trump flew from Saudi Arabia to Tel Aviv in May 2017, he reached into his pocket and produced a resignation letter that had been written two days earlier by Sessions.

Trump showed the letter to senior advisers, including Hope Hicks, who recalled the scene to Mueller’s team.

The letter had already become a point of concern among Trump’s aides. Sessions had delivered the letter to Trump the day before, but ultimately Trump and the attorney general had determined he would remain in the job.

White House Chief Strategist Steve Bannon and Chief of Staff Reince Priebus were concerned that Trump was holding on to the letter and that he would use it as leverage against the Justice Department. The two top aides decided to try to get it back.

The president had the Justice Department “by the throat,” Priebus said.

But when Preibus approached Trump on the Middle East trip and asked him to turn it over, the president insisted it wasn’t with him. Instead, Trump claimed, it was somewhere in the White House residence.

It would take another 10 days – three days after Trump returned from his trip – for the president finally turned it over.

(This story has been refiled to fix typographical error in 16th paragraph to make it “saying” instead of “say”.)

(Reporting by Ginger Gibson; editing by Jonathan Oatis)

Source: OANN

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New York City police hunting for man who 'brutally kicked' 78-year-old woman in the head, repeatedly

New York City police are asking for the public’s help Friday in identifying a man caught on video repeatedly kicking an elderly woman in the head and body while a crowd of subway passengers look on.

The NYPD says the “heinous attack” happened in the early morning hours of March 10 in the city’s Bronx borough. Footage of it circulating on social media is drawing outrage – not only directed toward the attacker, but to the witnesses seen filming the violence with their cell phones and shouting instead of coming to the woman’s aid.

The 78-year-old woman, who was sitting by herself in the corner of the subway car, is seen in the video holding her arm up trying to stop the man from going after her. At one point, the man grabs onto the subway car’s poles to balance himself on one foot, while using his other to repeatedly kick her in the head and body.

The video ends with the attacker walking out of the subway car while the passengers continue to film the battered woman, who is holding her hand to her face.

Police told the New York Post they were notified of the attack after a bystander flagged an officer at the next stop.

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The newspaper says the woman was treated at the scene for bleeding and swelling, but refused further medical attention. Investigators are now hoping to speak to her again.

It is not clear what provoked the attack, or why the video is only now surfacing, more than 10 days after the attack happened.

Source: Fox News National

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Study: Migrants to Cost Finnish Gov Billions

A single Somali immigrant costs the Finnish state almost 1 million euros during their lifetime, a pioneering survey has found.

Given Finland’s reception rate, this may result in billions of euros.

A unique survey by the think tank Suomen Perusta linked to the Finns party has estimated lifetime costs associated with Iraqi and Somali immigrants, who constitute the largest groups of so-called “humanitarian immigration” to Finland and contributed the most in 2015, the peak of Europe’s migrant crisis.

Using government-generated statistics, Suomen Perusta calculated that an average Iraqi migrant moving to Finland between the ages of 20 to 24 is expected to cost Finland €690,000 ($783,000). A Somali migrant of the same age was estimated to be even more expensive, burdening the Finnish state with €951,000 ($1.08 million). If child-related issues are included, the costs rise to €844,000 ($957,000) and €1,343,000 ($1.5 million) respectively. For the sake of comparison, the reference mean value for native-born Finns was set at 0 Euros.


The United States and the European Union and every other government clawing its way to dominate the world through human history isn’t immune to total collapse. In fact, as history cycles through the eons, civilizational suicides are common. And with all of the self-destruction facing civilization today, collapse would only be the beginning.

The research also found that the asylum-seeker and refugee expenditure in the state budget is only about 4-6 percent of the entire accumulated life-cycle.

The second-generation of migrants who have grown up in Finland were found to have a rate of social and economic exclusion and income support 6-8 times higher than native-born Finnish young adults, despite having received basic education in Finland. A total of 49 and 50 percent of 22-year-old Iraqi and Somali migrants were income support recipients, as opposed to only 11 percent of their Finnish peers, the report found.

Admittedly, the authors didn’t account for all possible fiscal effects in their study. Had those “missing” items been recognized as well, they argued, the effects would have been even more negative, the study said. Some of these may include lower contribution for old age pensions, indirect integration costs, and higher health services costs due to factors such as translation needs.

From the Finnish public finance point of view, the authors concluded, no new migrants should be welcomed to Finland when expected life-cycle effects are negative.

“The conclusion of the study is that from the standpoint of the public finances of Finland it is not beneficial to take any migrants born in Iraq or Somalia”, the report said. “The same conclusion holds for whichever way the results are broken down: by age, by years of education, the age when the migrant arrives in Finland or their employment status.

(Photo by Mstyslav Chernov / Wiki)

However, the research led by Samuli Salminen, was met with criticism. Hannu Pikkola, a professor of economics at the University of Vaasa, slammed both the starting point and the results of the research.

“These numbers sound like what a person pays to society if they become incapacitated”, Pekkola said, as quoted by the newspaper Aamulehti.

According to Pekkola, taxes paid by migrants should not be estimated, despite their lower value.

“Work has many other effects. The benefits to the national economy double when people consume”, Pekkola said. He also argued that migrants children are beneficial amid Finland’s protracted demographic slump, as the nation has reached its lowest nativity rate in 150 years.

Others ventured that this survey will be used by the right-wing and anti-immigrant Finns party in the upcoming general election.

According to Finland’s Migration Board (Migri), almost 5,000 Iraqi and just under 3,000 Somali asylum seekers received a positive decision last year alone. If Suomen Perusta’s calculation is true, they will set Finland back €3.5 billion ($3.9 billion) and €2.9 billion ($3.3) respectively, the newspaper Iltalehti reported.


With the possibility of bad actors arranging the New Zealand shooting, many people are wondering why the elite would choose New Zealand to be the location of a “false flag”. Vox Day joins Alex to explore all the facts thus far.

Source: InfoWars

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FILE PHOTO: Chevron's Michael Wirth speaks at Gastech, the world's biggest expo for the gas industry, in Chiba
FILE PHOTO: Chevron’s Michael Wirth speaks at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai

April 26, 2019

HOUSTON (Reuters) – Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.

Occidental Petroleum on Thursday sought to scuttle the proposed deal, submitting a higher, $38 billion cash-and-stock offer for Anadarko. Anadarko’s board said on Thursday it would evaluate the new proposal.

“I’ll just remind everyone that we’ve got a signed deal that has been approved by both boards and we’ve moving forward with integration planning,” said Chevron Chief Executive Michael Wirth on a conference call with analysts. He said a “sizeable” group of employees had already met.

Wirth declined to say whether Chevron would raise its offer in light of Occidental’s higher bid. Chevron has the ability revise the structure of its 75 percent stock, 25 percent cash bid, Chevron finance chief Pierre Breber said on the same call. “We could put more cash in if that’s what Anadarko wanted to do,” he said.

(Reporting by Gary McWilliams; Editing by James Dalgleish)

Source: OANN

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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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