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Tucker Carlson: Congress must address the student loan debt problem and stop colleges from scamming our kids

America's collective student loan debt now stands at more than $1.5 trillion. For some perspective, that's more than the entire GDP of Spain or Sweden or any of the 54 countries in Africa.

Apart from mortgages, student loans are the biggest source of personal debt in this country, more than car loans and credit card bills. That's a staggering amount of debt. It's enough to distort and cripple the U.S. economy. It's enough to stunt the life prospects of an entire generation of young people.

If you're wondering why the majority of Americans under 30 say they prefer socialism, debt is a major reason. Student loans are killing them, and they never go away. Thanks to extensive lobbying efforts here in Washington, student loans, unlike other forms of debt, cannot be erased by bankruptcy.

CLICK HERE TO READ MORE FROM TUCKER CARLSON.

The student loan crisis is a modern problem. Just 13 years ago, the average new college graduate owed $20,000 in student loans. Today, that number has jumped to $37,000. Student debt is rising far faster than the earnings of American workers, the very earnings that are supposed to justify student loans in the first place.

For professional degrees, the number goes far higher than that. The average law school graduate carries more than $110,000 in student loan debt. For new doctors, the burden is nearly $200,000 by the time they finish medical school.

Overall, two million Americans owe more than a $100,000 in student loans. Imagine starting life that far behind. Many of the people paying off college loan debt never even earned a degree. They tried to improve their lives by attending college, and they wound up poorer and in bondage. And not just a few of them -- millions and millions of them. What are the effects of this?

CLICK HERE TO VIEW THE ENTIRE EPISODE.

Well, the damage is far more profound than anything caused by climate change. Young people are broke. As a result, they're delaying the vital life transitions that were automatic for earlier generations.

In 1990, a quarter of American adults lived with their parents. Today, the number has risen to 35 percent. The home ownership rate for millennials dropped eight points from the generation before. Unable to afford homes, millennials are getting married later and less often. They're also having fewer kids. It's not because they don't want children. According to Gallup, the percentage of Americans who want children has not changed in 25 years. And yet fewer children are being born, thanks in part to rising debt levels, America's middle class cannot replace itself.

That's why we're told we must import millions of new workers from abroad. Young Americans want homes and families. Helping them get those things ought to be our top priority as a country. We can't begin until we reform the student loan system. Why haven't we done that yet?

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Well, a hugely powerful lobby stands in the way -- colleges and universities. Their lobbyists swarm Washington. Not surprisingly, these are the people who benefit from student loan debt. Drive through rural America, and you see how well they've done. In a sea of poverty and despair, you will notice gated islands of affluence. These are colleges.

Colleges control access to the credentials that we are all convinced are necessary and mandatory to achieve success in the modern economy. It's a racket. These are the gatekeepers of modern society and they are ripping off every kid who passes through those gates.

Outside the gates, people are unemployed and dying of opioid overdoses. Inside the gates, it's like the Ritz on South Beach. If you haven't been to an American university lately, see it for yourself. Everything is new. There's been a building boom underway for decades on campuses, all of it funded by debt that is destroying a generation of American kids.

A hundred schools now have endowments over a billion dollars. They are hedge funds with schools attached. What have colleges done with this money? Well, they've hired massive staffs of like-minded people for one thing. From 1987 to 2012, the number of administrators on college campuses more than doubled. That's far bigger than the increase of actual students going to college. College administrators routinely make six-figure salaries. What exactly do they do for that money? Not a single thing that makes this a better country.

College presidents often get seven-figure salaries. Their pay is probably the only thing in America rising as fast as tuition costs. Academic publishers are getting rich from all of this, too -- from the debt boom. Prices of textbooks have tripled in the past 20 years. Printing hasn't gotten more expensive; non-academic books are cheaper now than they were two decades ago. But students are a captive market, and they are being exploited ruthlessly. Nobody says a word about it.

So to sum up, young people in this country get poorer every year. College administrators, probably the least impressive group in the country, are getting richer at their expense. It's not a law of the universe that this has to happen. It's a product of policy and of the incentives our society has created over time.

Right now, the federal government allows young people to take out an almost unlimited amount in student loans. Colleges know this, of course, and they hike their tuition to capture as much of that money as they can. Young people have little choice but to go along with it.

Colleges control access to the credentials that we are all convinced are necessary and mandatory to achieve success in the modern economy. It's a racket. These are the gatekeepers of modern society and they are ripping off every kid who passes through those gates.

What's the solution? Well, here's one. Have colleges co-sign the loans. And why shouldn't they? If you and I enter into a partnership in business and we succeed, we share the rewards. But we also share the risk. If we fail, we're both on the hook for that. That's how honest arrangements work. College loans don't work that way. Colleges get rich, no matter what happens to the kids. The kids are on their own.

If students get a degree and a decent job and repay their loans, that's great. But if they drop out of college, or their degrees turn out to be worthless, as so many are, and they can't repay what they have borrowed, so what? The college doesn't care. They've got no stake in the outcome. Colleges get all of the benefit and none of the risk. That is the definition of a scam. It's amazing it could even be legal. It should not be legal.

Maybe Congress could take 20 minutes from the Russia hoax and posturing about climate change and fix one of the actual problems, one of the biggest problems this country faces. Pass a law forcing colleges to share the liability on defaulted student loans. What would be the argument against that? That colleges can't afford it? That taxpayers should shoulder all the risk so that Wesleyan or Brown can build another diversity and inclusion center and hire more useless overpaid Deans of Sensitivity?

It's kind of hard to make that case out loud. It's too stupid. Congress should act now. The student loan system is going to collapse. That is inevitable. Before it does, let's be very clear about who has been profiting from it.

Adapted from Tucker Carlson's monologue from "Tucker Carlson Tonight" on March 18, 2019.

Source: Fox News National

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Foxconn says Wisconsin factory production to launch by 2020

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei
FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei, Taiwan, March 30, 2018. REUTERS/Tyrone Siu/File Photo

March 18, 2019

(Reuters) – Foxconn Technology Group Ltd said on Monday it will complete work on a new factory in Wisconsin to assemble liquid crystal display screens and start production before the end of next year.

Foxconn said the next phases of factory construction will begin by this summer “and the facility will begin production in the 4th quarter of 2020.”

Foxconn initially planned to manufacture advanced large-screen displays for TVs and other consumer and professional products at the Wisconsin plant. It later said it would build smaller Generation 6 LCD screens instead.

The initial Gen6 facility will manufacture screens for education, medical and healthcare, entertainment and sports, security, and smart cities products, Foxconn said Monday.

In February, Foxconn reiterated it would still build a factory in Wisconsin after the company’s chairman spoke to U.S. President Donald Trump, following a Reuters report the Taiwanese company was reconsidering its plans.

Reuters reported in January that Foxconn was reconsidering making LCD panels at a planned $10 billion Wisconsin campus and instead intended to hire mostly engineers and researchers there.

Foxconn has stopped using the $10 billion figure in recent releases and has not responded to questions about how much it now plans to invest in Wisconsin.

The planned 20-million-square-foot campus marked the largest investment for a brand new location by a foreign-based company in U.S. history when it was announced at a White House ceremony in 2017. It was praised by Trump as proof of his ability to revive American manufacturing.

Heavily criticized in some quarters, the Foxconn project was championed by Wisconsin’s then governor, Scott Walker, a Republican who helped secure around $4 billion in tax breaks and other incentives before leaving office. Critics called the deal a corporate giveaway that would never result in the promised manufacturing jobs and said it posed serious environmental risks.

The Milwaukee Journal Sentinel reported Monday that much work on the Foxconn complex appeared to have halted over the last two months.

After the Reuters report in January, Foxconn, a major supplier to Apple Inc, issued a statement saying the global market environment had changed since the project was first announced and “necessitated the adjustment of plans for all projects, including Wisconsin.”

(Reporting by David Shepardson; Editing by Tom Brown)

Source: OANN

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Trump says he is considering placing illegal immigrants in sanctuary cities

U.S. President Trump welcomes South Korea’s President Moon to the White House in Washington
U.S. President Donald Trump listens to questions as he and first lady Melania Trump meet with South Korea’s President Moon Jae-in and his wife Kim Jung-sook in the Oval Office at the White House in Washington, U.S., April 11, 2019. REUTERS/Carlos Barria

April 12, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he was considering sending immigrants in the country illegally to so-called sanctuary cities.

“Due to the fact that Democrats are unwilling to change our very dangerous immigration laws, we are indeed, as reported, giving strong considerations to placing Illegal Immigrants in Sanctuary Cities only,” Trump wrote on Twitter.

(Reporting by Mohammad Zargham)

Source: OANN

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Fighting in northwest Syria strain truce, kill 13

Opposition activists and Syrian state media are reporting at least 13 people have been killed in fighting between government forces and insurgents in the northwestern part of Syria.

An uptick in violence has increasingly tested a Russia-Turkey sponsored truce in place since September that has averted a government offensive on insurgent-held Idlib and surrounding areas. The area is home to 3 million people.

The Syrian Observatory for Human Rights and first responders known as White Helmets say government shelling killed at least eight people Sunday in Saraqeb and Nairab towns in eastern Idlib.

A local hospital director, Maher Younis, told the state-run Ikhbariya TV that insurgents killed at least five people when they fired missiles at the government-held town of Massyaf in the adjacent Hama province.

Source: Fox News World

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Ocasio-Cortez’s Selective Memory on the New Deal

Alexandria Ocasio-Cortez never misses the opportunity to bash capitalism.

At the 2019 South by Southwest festival, the Congresswoman derided capitalism, describing it as “irredeemable.” She says that the U.S. is currently facing the consequences of “putting profits over everything else in our society.” Curiously, the freshmen congresswoman pivoted her rant towards a critique of the New Deal.

How could such a staunch leftist like Ocasio-Cortez — who fashioned her pet legislation as the “Green New Deal” — criticize its 20th-century predecessor? She was able to do so by turning this discussion into a matter of race.

In her view, Roosevelt’s New Deal cut African Americans a raw deal:

“The New Deal was an extremely economically racist policy that drew little red lines around black and brown communities and it invested in white America.”

Ocasio-Cortez continued expanding on the New Deal’s harmful effects: “It allowed white Americans access to home loans that black Americans didn’t have access to, giving them access to the greatest source of intergenerational wealth.”

Misinterpreting the New Deal’s Racist History

The congresswoman is correct about the New Deal’s racist policies, albeit from an observational standpoint. I wrote about this previously, detailing how the federal government promoted segregated housing during the New Deal at the African-American community’s expense.

However, Ocasio-Cortez’s talk about the New Deal flagrantly omits other government interventions that clearly affected racial minorities in a negative way. The Wagner Act of 1935 — which established labor-union monopolies — gave incumbent unions tremendous power to exclude low-wage workers. During this period, union heavyweights discriminated against black workers in order to keep wages artificially high for white workers.

Similarly, the National Industrial Recovery Act of 1933 allowed the executive branch to create industrial cartels to restrict output and enact minimum-wage policies. This resulted in approximately 500,000 blacks being pushed out of the labor market thanks to high, non-market wages.

Despite these overlooked aspects of the New Deal, Ocasio-Cortez continues to race hustle and thinks that more government intervention will somehow “correct” past injustices that the government itself created.

How Limited Government Made African Americans Prosperous

In contrast to the New Deal, markets have historically helped racial minorities. It was during the Gilded Age that the African-American community was able to first establish itself as an economic force. This was an era when there was no welfare state, no federal tax maze, nor an alphabet soup of bureaucracy to impede capital accumulation and business creation.

During this time, African American civil society was at its peak. David Beito’s From Mutual Aid to Welfare State was a seminal work in demonstrating how the African-American community thrived without any form of government assistance before the New Deal. Civic organizations like the Independent Order of Saint Luke and the United Order of True Reformers “specialized initially in sickness and burial insurance,” and became leading institutions in African-American civil society.

The Independent Order of Saint Luke stood out for its entrepreneurial endeavors and ended up establishing the Saint Luke Penny Savings Bank of Richmond, which had the honor of having Maggie L. Walker as the first, black female bank president in American history.

Additionally, prosperous enclaves such as “Black Wall Street ” in Tulsa, Oklahoma’s Greenwood District and Detroit’s Black Bottom neighborhood demonstrated the power of black capitalism. No central planning was needed to establish these business neighborhoods.

Alexandria Ocasio-Cortez and her intellectual cohorts make sure that this history falls down the memory hole. Bashing capitalism is simply too easy and anything that disrupts the narrative, must be cast aside.

Is Capitalism Truly Irredeemable?

So, is capitalism irredeemable and worthy of eternal scorn? Human Progress depicts what capitalism has been able to achieve, even with the fiscal and regulatory shackles imposed on it:

“….in 1820, 94 percent of the world’s population lived in extreme poverty (less than $1.90 per day adjusted for purchasing power). In 1990 this figure was 34.8 percent, and in 2015, just 9.6 percent.”

Human Progress’s findings are in line with Mises’s view in Human Action that economies with nominal degrees of capitalism are still capable of delivering constant improvements in living standards: “The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.”

Most importantly, capitalism has made us more humane in our treatment of domestic animals and has granted women and children unprecedented access to leisure activities and educational opportunities to improve economically. Sadly, select parts of the world — especially present-day Venezuela — have regressed into barbarism due to their political class’s complete rejection of capitalism and private property rights.

Indeed, Western mixed economies still have work to do, but the direction they must head towards is one of more liberalization, not government control.

The Invisible Iron Fist of Government Bureaucracy

Politicians like Ocasio-Cortez see poverty and working-class people struggling to make ends meet, but they don’t see the mountains of paperwork and regulations in the background that make the cost of living so high and make it difficult to run a small business. They also ignore the minimum wage laws that keep countless unskilled minority workers – their primary constituents – from entering the workforce and getting the experience they need to improve their lives.

Refuting the historical distortions and false narratives surrounding capitalism is incumbent upon on all free-marketers. George Orwell said it best, “Who controls the past controls the future. Who controls the present controls the past.”

Politicians like Alexandria Ocasio-Cortez come and go, but their ideas have staying power. When these ideas are allowed to go unchallenged, they can transform into veritable nightmares in the political arena. The very least we could do is challenge these flawed ideas. If we fail to do so, we are only sowing the seeds for our inevitable defeat.


Attorney General William Barr is beginning to call out the Obama & Hillary camps for the crimes they committed during the 2016 presidential elections.

Source: InfoWars

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U.S. says to withdraw all remaining diplomatic personnel from Venezuela

Security forces are seen after looting during an ongoing blackout in Caracas
Security forces are seen after looting during an ongoing blackout in Caracas, Venezuela March 10, 2019. REUTERS/Carlos Garcia Rawlins

March 12, 2019

(Reuters) – The United States is to withdraw all remaining diplomatic personnel from Venezuela this week, the U.S. State Department announced late on Thursday.

“Like the January 24 decision to withdraw all dependents and reduce embassy staff to a minimum, this decision reflects the deteriorating situation in Venezuela as well as the conclusion that the presence of U.S. diplomatic staff at the embassy has become a constraint on U.S. policy,” the State Department said.

It did not say on what day the personnel would be withdrawn from the embassy in Caracas.

The South American nation has been in the throes of political unrest for months over its contested presidential election.

Venezuela is suspending school and business activities on Tuesday amid a continuing power blackout, Information Minister Jorge Rodriguez said in a televised broadcast on Monday.

It is the third such cancellation since power went out last week.

(Reporting by Rich McKay in Atlanta; editing by Darren Schuettler)

Source: OANN

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Elizabeth Warren, Kamala Harris making illogical arguments on reparations: Jason L. Riley

Democratic 2020 candidates raising the issue of reparations are making illogical arguments on the issue, Wall Street Journal columnist and Fox News commentator Jason L. Riley argues.

Riley, who is also a senior fellow at the Manhattan Institute, critiqued recent remarks made by Sen. Elizabeth Warren, D-Mass., and Sen. Kamala Harris, D-Calif., on the topic.

“Sen. Elizabeth Warren told a town-hall audience in Jackson, Miss., Monday that ‘it’s time to start the national, full-blown conversation’ about slavery reparations for blacks. Come again? Compensating black Americans for past oppression has been a subject of discussion for decades. The senator’s problem is that large majorities of the public have consistently opposed reparations, not that we don’t talk about it,” Riley wrote in the Wall Street Journal.

READ JASON L. RILEY'S FULL COLUMN IN THE WALL STREET JOURNAL HERE

Jason L. Riley critiqued recent comments on reparations from Elizabeth Warren and Kamala Harris in a new Wall Street Journal piece.

Jason L. Riley critiqued recent comments on reparations from Elizabeth Warren and Kamala Harris in a new Wall Street Journal piece. (FOX)

On Sen. Harris, he wrote: “Ms. Harris wants to hold slavery responsible for black America’s contemporary problems. But that requires ignoring the progress made by blacks—both in absolute terms and relative to whites—who lived much closer to the era of slavery. For example, the soaring violent-crime rates that produce so much “trauma” in poor black communities today did not exist in those communities in the first 100 years after emancipation, even though poverty rates at the time were much higher and racism was still legal and widespread.”

In a statement last month, the California Democrat explained why she supports reparations.

“We have to be honest that people in this country do not start from the same place or have access to the same opportunities,” the statement read.

ELIZABETH WARREN PITCHES POLICIES TOTALING $100 TRILLION AT TOWN HALL: ESTIMATES

During a town hall event on Monday, Warren also voiced support for reparations and said she would back the creation of a panel “to examine slavery and discrimination in the colonies and the United States from 1619 to the present and recommend appropriate remedies.”

"I believe it's time to start the national, full-blown conversation about reparations," Warren said on CNN, before adding: “ignoring the problem is not working.”

Read Jason L. Riley’s full column in the Wall Street Journal

Source: Fox News Politics

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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FILE PHOTO: FILE PHOTO: A Canadian dollar coin commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo/File Photo

April 26, 2019

OTTAWA (Reuters) – Canada posted a budget surplus in the first 11 months of the 2018/19 fiscal year compared to a deficit the year earlier as revenues increased mostly on higher tax incomes, the finance department said on Friday.

The surplus for April-February was C$3.1 billion, compared to a deficit of C$6 billion in the same 2017/18 period. Revenues climbed by 8.5 percent, mainly due to higher tax receipts, while program expenses rose by 4.8 percent.

The surplus for February was C$4.3 billion compared with C$2.8 billion in February 2018. Revenues jumped by 12.2 percent while program expenses posted a more modest 6.9 percent gain.

Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.

(Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama)

Source: OANN

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President Trump said Friday he would beat Joe Biden “easily” in the 2020 presidential election, suggesting the former vice president could not have enough “energy” to hold the post—taking an apparent swipe at his age.

The president, departing the White House, was asked about Biden’s entrance into the Democratic primary field. Biden announced his presidential bid early Thursday morning, marking his third attempt at the White House.

JOE BIDEN OFFICIALLY LAUNCHES 2020 PRESIDENTIAL BID

“I think we’d beat him easily,” Trump told reporters Friday.

Trump, 72, said he feels “young” and is ready for 2020, and another term for his administration.

“I feel like a young man. I am a young, vibrant man,” Trump said. “I look at Joe, I don’t know about him.”

The president’s comments seemingly were a shot at the age of Biden, who is 76.

BIDEN ENTERS WHITE HOUSE RACE WITHOUT OBAMA’S ENDORSEMENT

“I would never say anyone’s too old,” Trump said. “I know they’re all making me look very young both in terms of age and in terms of energy.”

Biden became the 20th candidate to join the crowded Democratic primary field Thursday. But Biden is not the oldest in the pack. Sen. Bernie Sanders, I-Vt., is 77 and Sen. Elizabeth Warren, D-Mass., is 69.

Should Trump be re-elected, he would be 74 on Jan. 20, 2021—Inauguration Day. Should the presidency go to one of the elder Democrats in the field—Biden would be 78; Sanders would be 79; and Warren would be 71.

Meanwhile, in a wide-ranging interview on “Hannity” Thursday night, Trump dismissed Biden’s candidacy, nicknaming him “Sleepy Joe,” and saying he’s “not the brightest bulb.” Trump also said that while the former vice president has name recognition, he won’t “be able to do the job.”

Source: Fox News Politics

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Venezuela's Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas
Venezuela’s Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas, Venezuela April 8, 2019. REUTERS/Manaure Quintero

April 26, 2019

WASHINGTON (Reuters) – The U.S. Treasury Department on Friday imposed sanctions on Venezuela’s foreign minister and a Venezuelan judge, according to a statement on the department’s website.

Foreign Minister Jorge Arreaza and a judge, Carol Padilla, were targeted over the ongoing crisis in Venezuela, the Treasury Department said, the latest in a list of officials blacklisted by U.S. authorities for their role in President Nicolas Maduro’s government.

(Reporting by Susan Heavey, Makini Brice and Lesley Wroughton; Editing by Chizu Nomiyama)

Source: OANN

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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