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Bulgaria police seize 200kg of cocaine recovered from sea

Bulgarian border police have discovered and seized more than 200 kilograms (441 pounds) of cocaine in waters near the country's Black Sea coast.

The District Prosecutor's Office in Dobrich said Wednesday a third cocaine haul in a week — a 16-kilogram bag of the drug — was found attached to a life vest floating in the sea.

The office is investigating whether the drugs are of the same quality as the 195 kilograms of high-grade cocaine also picked from the sea last week.

Police in neighboring Romania announced earlier this month the seizure of pure cocaine near its Black Sea coast, days after over a ton of the drug was found stashed on a boat that capsized in the Danube Delta.

Source: Fox News World

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Notre Dame Fire May Be Occult Ritual Says Investigative Journalist

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Source: InfoWars

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Steny Hoyer warns that impeaching Trump would take Dems’ ‘eye off the ball’ on other promises

House Majority Leader Steny Hoyer, D-Md., told Fox News' "Your World with Neil Cavuto" Wednesday that potential impeachment proceedings against President Trump would turn into "a huge distraction" from the party's legislative agenda "without the probability of success."

"It does take our eye off the ball because an impeachment process is an extraordinarily all-consuming process, of the public's attention and the Congress' attention," Hoyer told Cavuto. "And we promised the American people that we would focus on them, on their jobs, on their healthcare, on the availability of affordable-quality health care, on climate change, reform issues."

Hoyer said he agreed with House Speaker Nancy Pelosi, D-Calif., who told The Washington Post earlier this week that she opposed impeaching Trump in the absence of "compelling and overwhelming and bipartisan" evidence, adding that the president was "just not worth it."

"We’re going to have an election in about 18 months," Hoyer said.  "The American people elected somebody who I think ought not to be president of the United States. But they elected him, and a lot’s going to happen in the next, probably, few months. The Mueller report, actions by the Southern District of New York, House and Senate hearings – House hearings in particular, and we’ll see what develops there."

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Pelosi's statement ruffled feathers among some of the more vocal left-wing Democrats, who have vowed to push for Trump's impeachment. Hoyer took a verbal shot at Reps. Alexandria Ocasio-Cortez of New York, Rashida Tlaib of Michigan and Ilhan Omar of Minnesota on Monday, telling Fox News that "we've got 62 new [Democratic] members. Not three."

"It’s not that Speaker Pelosi and I want to see President Trump [be] the president of the United States, because we disagree with him and we think he’s doing things that are not good for the country," Hoyer said Wednesday, "but we have a responsibility to do things we do think are good for the country and we want to be about that."

Source: Fox News Politics

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Women cleared of defamation in French sexual misconduct case

A French court cleared of defamation charges six women who accused a former French lawmaker of sexual misconduct and the journalists who reported the allegations.

The court ordered Friday the former lawmaker, Denis Baupin, to pay 1,000 euros ($1,120) in damages to each of the 12 persons he sued.

In May 2016, investigative website Mediapart and radio station France Inter published and broadcast accounts from 14 women who alleged Baupin had groped, sexted and otherwise harassed them.

The prominent Green Party member then resigned as vice president of the lower House of Parliament. He denied wrongdoing and launched a defamation lawsuit against the six women who were identified in the reports, some witnesses and journalists.

The case had been under particular scrutiny in the wake of the #MeToo movement.

Source: Fox News World

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Northern Syria administration calls for tribunal for Islamic State detainees

FILE PHOTO: Islamic state militant and women walk as they surrendered in the village of Baghouz, Deir Al Zor province
FILE PHOTO: Islamic state militant and women walk as they surrendered in the village of Baghouz, Deir Al Zor province, Syria, March 14, 2019. REUTERS/Issam Abdallah/File Photo

March 25, 2019

BEIRUT (Reuters) – The Kurdish-led administration that runs much of northern Syria called on Monday for an international tribunal to be set up in their region to try the thousands of suspected Islamic State members they are detaining.

The Kurdish-led Syrian Democratic Forces on Saturday proclaimed the capture of Islamic State’s last territory in Syria, but no clear international policy has emerged yet about how to deal with the militants it captured there and at other strongholds of the group.

“We call upon the international community to establish a special international tribunal to prosecute Islamic State terrorists in northern and eastern Syria,” the statement said.

Thousands of suspected Islamic State members and fighters from Syria, Iraq and other countries are now in the of custody by the U.S.-backed group.

Its statement argued that the jurisdiction of the courts should be where the criminal act happened and where the offenders were captured in order for there to be a fair trial in line with international law and human rights conventions.

The Kurdish-led administration said it had appealed to the international community to take responsibility for the detainees, especially for nations to take back their own citizens.

“Unfortunately, there was no response or initiatives in this respect,” the statement said.

The people who left the final enclave at Baghouz, near the Iraq border, have been sent to camps in northeast Syria. One of those, al-Hol, was already overcrowded with uprooted Syrians and Iraqis and camp officials have said they do not have enough tents, food, or medicine. Aid workers warn of spreading disease, and dozens of children have died on the way there.

Many foreign governments see the detained suspected militants as a security threat and have been loath to accede to SDF entreaties to repatriate them.

(Writing by Lisa Barrington, Editing by William Maclean)

Source: OANN

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Arizona bill that would allow employers to pay students less than minimum wage sparks controversy

Students in Arizona see a controversial new bill as a "direct attack" on them. Small businesses are welcoming the proposal.

The bill that’s been coined as the Youth Employment Act would allow employers to pay less than the current state’s minimum wage of $11 to full-time students younger than 22 working 20 hours or less weekly. Though this wouldn’t be a requirement for employers, it would open the doors for them to pay students the federal minimum wage of $7.25.

State Rep. Travis Grantham sponsored the bill, which passed in the State House with a vote of 31-29. Grantham said they’re not attempting to cut anyone’s pay but instead to open up entry-level jobs that “went away” when the minimum wage was raised after a proposition that raised Arizona's minimum wage up to $12 an hour by 2020 was passed by voters in 2016.

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Lorena Austin is a full-time student at ASU on a full-ride scholarship but still has four part-time jobs that she relies on to get by. Though she’s over 22, she worries for her many peers who this bill would directly affect: 

Lorena Austin is a full-time student at ASU on a full-ride scholarship but still has four part-time jobs that she relies on to get by. Though she’s over 22, she worries for her many peers who this bill would directly affect:  (Fox News)

“The Youth Employment Act is a bill that I think deals with some of the unintended consequences of our state's minimum wage law here,” Grantham said. “What we have going on in Arizona is there's a lot of folks who can't get a job in that age range of like 16 to 22 years old. Many of these people are full-time students, many of them it may be their first job they're trying to get and unfortunately a lot of employers can't pay the individuals the mandated high minimum wage numbers because these are entry-level jobs.”

MINIMUM WAGES SET TO INCREASE IN THESE 20 STATES IN 2019

Students walk on Arizona State University's downtown Phoenix campus

Students walk on Arizona State University's downtown Phoenix campus (Fox News)

But full-time students like Lorena Austin say the proposal amounts to age discrimination.

Austin is a full-time student at Arizona State University on a full-ride scholarship. She has four part-time jobs that she relies on to get by. She works 30 to 40 hours a week and spends about 30 hours a week studying and going to class. Though she’s over 22, she worries for her many peers who this bill would affect directly.

Students and Healthy Working Families Coalition, which included the host Living United for Change Arizona (LUCHA), protest the bill outside of the Arizona State Capitol building

Students and Healthy Working Families Coalition, which included the host Living United for Change Arizona (LUCHA), protest the bill outside of the Arizona State Capitol building (Fox News)

“Already there's a huge disparity between wages and the cost of education. And students literally simply can't afford it,” Austin said. “…I think it is a matter of livelihood, it's a matter of being able—do I choose between having a roof over my head or doing well on this course? Do I choose between having food or supplies that I need for this education?”

WHAT CHANGES TO THE MINIMUM WAGE MEAN FOR SMALL BUSINESSES IN AMERICA

Austin argues that while her father was able to attend college and pay for his tuition by working part-time, that’s not the case anymore today. Austin said if a student was to work the federal minimum wage rate and pay for a semester of college, which for her is about $12,800 tuition a semester, it would take a student almost 22 months to pay it off.

Ruby Hernandez, 18, and Blanca Collazo, 17, both high school seniors, worry about the bill affecting their families and their freshman year of college in the fall. Collazo plans on attending Grand Canyon University and said her family relies on her and her father’s income. In her home of six, it’s just her and her dad working, she said.

“I know so many people who will be struggling with paying for different things like school… I don't think I'll be able to pay it off with $7.25, like, if I barely can't even pay it off with $11 that we're earning right now,” Collazo said.

For Hernandez, she said she has to work to pay off her tuition because right now, only her mom has a job.

ARIZONA REPUBLICAN LAWMAKERS AIM TO FIGHT PROP 206, WHILE SUPPORTERS TELL THEM HANDS OFF

“If it was to go down to $7.25, I would have to worry about finding multiple jobs, not just one, because it wouldn't be enough hours to support myself, so maybe like finding side jobs…like Lyft or Uber, anything…just to help me get by to support myself," Hernandez said. "(The bill) is very discriminative towards young people and it just shows that our lawmakers are not really concerned about like how it would affect the students because they're not under the age of 22.”

Cesar Aguilar, who is executive director of the Arizona Students Association, which represents the over 580,000 university and community college students in the state, said this is a “direct attack on students.”

“If you can fight and die for your country, you should be getting the same pay as everyone else, doing the same work,” Aguilar said.

Grantham disagrees it will hurt students. In fact, he said, it will help them.

“To say that that this discriminates against somebody is actually, I find that to be quite offensive,” Rep. Grantham said. “I kind of feel like the high minimum wage standard we have discriminate against people who can't show they have the experience needed to get a job."

“To say that that this discriminates against somebody is actually, I find that to be quite offensive,” Rep. Grantham said. “I kind of feel like the high minimum wage standard we have discriminate against people who can't show they have the experience needed to get a job." (Fox News)

“To say that that this discriminates against somebody is actually, I find that to be quite offensive,” Grantham said. “I kind of feel like the high minimum wage standard we have discriminated against people who can't show they have the experience needed to get a job. How do we give people that first experience? We allow them to work for these companies, allow them to work for the small businesses, allow them to work in the mom and pop shops, and get that vital experience so that they can add to our economy and grow with our state.”

Grantham said “more youth will get more jobs.” Some of those jobs Grantham mentioned were grocery baggers or car dealership lot attendants. Grantham said he also wants entry jobs to be available for his daughters when they’re ready for their first job.

“It's unfortunate that a lot of our youth are being denied the opportunity to build that character, to get that first job because the job is just not available,” Grantham said.

"If I'm an employer, I don't have much of an incentive to take on a potential employee that has zero job experience and does not have the hard skills because they haven't completed their education,” Heinrich said.

"If I'm an employer, I don't have much of an incentive to take on a potential employee that has zero job experience and does not have the hard skills because they haven't completed their education,” Heinrich said. (Fox News)

Chad Heinrich is the National Federation of Independent Business (NFIB) Arizona director and said small businesses employ around 1 million people, which makes up more than 40-percent of the state’s workforce.

“The youth unemployment rate is roughly 12 percent nationally,” Heinrich said. “In Arizona, we have a minimum wage that is about 50 percent higher than the federal minimum wage. That really prohibits small businesses and businesses of any size from hiring folks that don't really have any work experience.”

Heinrich said hiring levels from small businesses are at a 45-year high. The problem, he said, is small businesses are having trouble finding qualified workers.

“Next year, (the minimum wage) will be $12 an hour,” Heinrich said. “So, at $12 an hour, it will be 65 percent higher than the federal minimum wage. So, that's a barrier for students that want to enter the workforce. If I'm an employer, I don't have much of an incentive to take on a potential employee that has zero job experience and does not have the hard skills because they haven't completed their education.”

“If you can fight and die for your country, you should be getting the same pay as everyone else, doing the same work,” Aguilar said.

“If you can fight and die for your country, you should be getting the same pay as everyone else, doing the same work,” Aguilar said. (Fox News)

Economist and University of Miami professor, Michael Szanto, said he understands both sides of the issue. He said it will particularly hurt poorer students who need the money to pay their tuition and to feed themselves.

BUSINESSES WARN OF PRICE HIKES, STAFF CUTS AS MINIMUM WAGE INCREASES KICK IN

“We don't want this to become predatory and preying on students who are already disadvantaged, and making the situation worse,” Szanto said.

The student association and the American Civil Liberties Union are already threatening to sue if the bill passes.

Szanto said there needs to be a balance when it comes to the minimum wage that considers both small businesses and workers. But he said Arizona voters spoke their minds when they voted to raise the minimum wage in 2016—so the bill would be legal, but only “in a very narrow sense.”

“It’s in the interest of the state of Arizona and the United States as a whole, that we do everything we can to get our future leaders, engineers, doctors, etc. to be huge successes,” Szanto said. “So, we want to do everything we can to boost the chances of young adults in this country because they’re a big part of the future.”

Source: Fox News National

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Russian court releases prominent director on bail: TASS

Russian film and theatre director Serebrennikov attends a court hearing in Moscow
FILE PHOTO - Russian film and theatre director Kirill Serebrennikov, who was accused of embezzling state funds, looks on before a court hearing in Moscow, Russia November 7, 2018. REUTERS/Sergei Karpukhin

April 8, 2019

MOSCOW (Reuters) – A Russian court on Monday released on bail prominent director Kirill Serebrennikov who has been held under house arrest since 2017 on suspicion of embezzlement, the TASS news agency reported.

Serebrennikov, an award-winning film and theater director, was detained in 2017 in a case that prompted an outcry among the country’s liberal cultural elite, who said the director was being persecuted for his work.

(Reporting by Andrey Kuzmin; Writing by Tom Balmforth; Editing by Hugh Lawson)

Source: OANN

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FILE PHOTO - A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat
FILE PHOTO: A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave/File Photo

April 26, 2019

(Reuters) – India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

Angered by Washington’s refusal to exempt it from new steel and aluminum tariffs, New Delhi decided in June last year to raise the import tax from Aug. 4 on some U.S. products including almonds, walnuts and apples.

But since then, New Delhi has repeatedly delayed the implementation of the new tariff.

Trade friction between India and the U.S. has escalated after U.S. President Donald Trump announced plans earlier this year to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.

In a further blow, U.S. on Monday demanded buyers of Iranian oil stop purchases by May or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers including India to continue importing limited volumes.

(Reporting by Manoj Kumar in New Delhi and Kanishka Singh in Bengaluru; Editing by Anil D’Silva and Raissa Kasolowsky)

Source: OANN

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One of Joe Biden’s newly-hired senior advisers has seemingly had a very recent change of heart.

Symone Sanders, a prominent Democratic strategist and Sen. Bernie Sanders, I-Vt., staffer in 2016, was announced as one of the big-name members of Team Biden on Thursday.

But Sanders, who has also served as a CNN contributor, is seen in resurfaced footage from November 2016 expressing her opposition to a white person leading her party after Donald Trump’s election.

“In my opinion, we don’t need white people leading the Democratic party right now,” Sanders told host Brianna Keilar during a discussion on Howard Dean potentially becoming DNC chairman.

BIDEN HIRES FORMER BERNIE SANDERS’ SPOKESPERSON AS SENIOR ADVISER

“The Democratic party is diverse, and it should be reflected as so in leadership and throughout the staff, at the highest levels. From the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” she said.

Sanders wrapped up her remarks by saying: “I want to hear more from everybody. I want to hear from the millennials and the brown folks.”

Footage of the interview was resurfaced by RealClearPolitics.

After news of her hiring broke on Thursday, Sanders backed her new boss on Twitter.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG

“@JoeBiden & @DrBiden are a class act. Over the course of this campaign, Vice President Biden is going to make his case to the American ppl. He won’t always be perfect, but I believe he will get it right,” she wrote.

The hiring of Sanders has been viewed as another indication of the expected tough fight that Biden and Sanders are in for as the two frontrunners battle a deep Democratic field.

While Sanders himself didn’t torch Biden as he jumped into the race, it’s clear that many of his progressive supporters view the former vice president as a threat.

Biden’s entry into the race – at least in the early going – sets up a battle between himself and Sanders, who thanks to his fierce fight with eventual nominee Hillary Clinton for the 2016 Democratic nomination, enjoys name ID on the level of the former vice president.

BIDEN VOWS THAT ‘AMERICA IS COMING BACK,’ SPARKING ‘MAGA’ COMPARISONS

Justice Democrats — who also called Biden “out-of-touch” – is an increasingly influential group among the left of the party. They’ve championed progressive Rep. Alexandria Ocasio-Cortez of New York as well as Sanders. The group was founded by members of Sanders 2016 presidential campaign.

Biden has pushed back against the perception that he’s a moderate in a party that’s increasingly moving to the left. Earlier this month he described himself as an “Obama-Biden Democrat.”

And Biden said he’d stack his record against “anybody who has run or who is running now or who will run.”

Former Democratic National Committee chair Donna Brazile – a Fox News contributor – highlighted that “Joe Biden can occupy his own lane in large part because he’s earned it. He’s earned the right to call himself whatever.”

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But she emphasized that “elections are not about the past, they’re about the future…I do believe he has the right ingredients. The question is can he find enough people to help him stir the pot.”

Fox News Andrew O’Reilly contributed to this report.

Source: Fox News Politics

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Baltimore Mayor Catherine Pugh, who is facing increased calls for her immediate resignation, remains in poor health and is not “lucid” enough to decide whether to step down, her attorney told reporters late Thursday.

Steve Silverman, speaking outside one of Pugh’s residences which was raided by the FBI and IRS earlier in the day, said the embattled city leader could make a decision as early as next week.

“She is leaning toward making the best decision in the best interest in the citizens of Baltimore City,” he said, adding that Pugh has “several options” to consider.

“She just needs to be physically and mentally sound and lucid enough to make appropriate decisions.”

BALTIMORE MAYOR CATHERINE PUGH, ON LEAVE AMID BOOK PROBE, HAS HOMES AND CITY HALL OFFICE RAIDED BY FEDS

Silverman said Pugh met with a doctor at home Thursday and plans to do so again Friday, the Baltimore Sun reported.

In the latest image-tarnishing scandal for struggling Baltimore, the first-term Democratic mayor faces accusations that she used children’s book deals to cover up kickbacks for favorable treatment as a state lawmaker and city leader that earned her roughly $800,000 over several years.

BALTIMORE’S ACTING MAYOR SAYS HE ‘WOULD HATE TO SEE’ EMBATTLED MAYOR RETURN AFTER BOOK SCANDALS

As a state senator, 69-year-old Pugh sold $500,000 worth of her self-published “Healthy Holly” illustrated paperbacks to the University of Maryland Medical System, a major state employer whose board she sat on for nearly 20 years.

Baltimore police officers stand outside the house of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Pugh and also in City Hall. (AP Photo/Jose Luis Magana)

Baltimore police officers stand outside the house of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Pugh and also in City Hall. (AP Photo/Jose Luis Magana)

UMMS reportedly paid Pugh for 100,000 copies of her books between 2011 and 2018 with the stated intention of distributing the books to schools and day care centers. But some 50,000 copies remain unaccounted for and officials are probing if they were even printed.

Pugh also made $300,000 in bulk sales to other customers including health carriers that did business with the city of Baltimore.

BALTIMORE CITY COUNCIL CALLS ON EMBATTLED MAYOR CATHERINE PUGH TO RESIGN IMMEDIATELY

The politically isolated Pugh slipped out of sight on April 1 after a hastily organized press conference where she called her no-contract book deals a “regrettable mistake.” That same day, Maryland’s governor called on the state prosecutor to investigate allegations of “self-dealing.”

Pugh took an indefinite leave of absence, citing her health deteriorating intensely after a bout with pneumonia.

Federal agents arrive at the Maryland Center for Adult Training in Baltimore. MD, Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall, as well as the office of her lawyer and the home of a top aide.

Federal agents arrive at the Maryland Center for Adult Training in Baltimore. MD, Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall, as well as the office of her lawyer and the home of a top aide. (Loyd Fox/Baltimore Sun via AP)

On Thursday morning, agents with the FBI and IRS searched her two Baltimore homes, her City Hall offices, and a nonprofit organization she once led. The home of at least one of Pugh’s aides was also scoured.

Silverman said federal agents also served a subpoena at his law firm, retrieving Pugh’s original financial records. They did not seek any attorney-client privileged communications, he said.

Pugh’s attorney said she was “emotionally extremely distraught” following the searches by FBI and IRS agents.

“There was nothing incriminating that came out of her home,” Silverman said.

UMMS spokesman Michael Schwartzberg told reporters that the medical system received a grand jury witness subpoena seeking documents and information related to Pugh.

Other probes against Pugh include a review by the city ethics board and the Maryland Insurance Administration.

BALTIMORE MAYOR’S $500G DEAL FOR ‘HEALTHY HOLLY’ CHILDREN’S BOOKS DRAWS SCRUTINY

In recent weeks, the calls for Pugh’s resignation have intensified with the strongest voice coming from Republican Gov. Larry Hogan, who did not mince words after Thursday’s early morning raids.

“Now more than ever, Baltimore City needs strong and responsible leadership. Mayor Pugh has lost the public trust,” he said. “She is clearly not fit to lead. For the good of the city, Mayor Pugh must resign.”

Federal Bureau of Investigation, and Internal Revenue Service agents search the home of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall.

Federal Bureau of Investigation, and Internal Revenue Service agents search the home of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall. (Jerry Jackson/Baltimore Sun via AP)

Many of her fellow Democrats, including those on Baltimore’s demoralized City Council and state lawmakers, are also insisting that Pugh put the citizens’ interests above any attempt to preserve her political career.

City Council member Brandon Scott called the Thursday raids “an embarrassment to the city.”

However, only a conviction can trigger a mayor’s removal from office, according to the city solicitor. Baltimore’s mayor-friendly City Charter currently provides no options for ousting its executive.

Six of Pugh’s staffers joined her on paid leave earlier this month; three of them were fired this week by the acting mayor.

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Pugh came to office in late 2016 after edging out ex-Mayor Sheila Dixon, who had spent much of her tenure fighting corruption charges before being forced to depart office in 2010 as part of a plea deal connected to the misappropriation of about $500 in gift cards meant for needy families.

She would certainly face a bruising 2020 Democratic primary if she were to return and run for reelection. Veteran City Council leader Bernard “Jack” Young, who is serving as acting mayor, said as she went on leave that he would merely be a placeholder. But this week, before the raids, he said “it could be devastating for her” if she tried to return.

The Associated Press contributed to this report.

Source: Fox News National

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FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad
FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22, 2017. REUTERS/Mike Blake/File Photo

April 26, 2019

By Amit Dave and Mayank Bhardwaj

AHMEDABAD/NEW DELHI (Reuters) – PepsiCo Inc has sued four Indian farmers for cultivating a potato variety that the snack food and drinks maker claims infringes its patent, the company and the growers said on Friday.

Pepsi has sued the farmers for cultivating the FC5 potato variety, exclusively grown for its popular Lay’s potato chips. The FC5 variety has a lower moisture content required to make snacks such as potato chips.

PepsiCo is seeking more than 10 million rupees ($142,840.82) each for alleged patent infringement.

The farmers grow potatoes in the western state of Gujarat, a leading producer of India’s most consumed vegetable.

“We have been growing potatoes for a long time and we didn’t face this problem ever, as we’ve mostly been using the seeds saved from one harvest to plant the next year’s crop,” said Bipin Patel, one of the four farmers sued by Pepsi.

Patel did not say how he came by the PepsiCo variety.

A court in Ahmedabad, the business hub of Gujarat, on Friday agreed to hear the case on June 12, said Anand Yagnik, the lawyer for the farmers.

“In this instance, we took judicial recourse against people who were illegally dealing in our registered variety,” A PepsiCo India spokesman said. “This was done to protect our rights and safeguard the larger interest of farmers that are engaged with us and who are using and benefiting from seeds of our registered variety.”

PepsiCo, which set up its first potato chips plant in India in 1989, supplies the FC5 potato variety to a group of farmers who in turn sell their produce to the company at a fixed price.

The All India Kisan Sabha, or All India Farmers’ Forum, has asked the Indian government to protect the farmers.

The farmers’ forum has also called for a boycott of PepsiCo’s Lay’s chips and the company’s other products.

The Ministry of Agriculture & Farmers’ Welfare did not immediately respond to an email seeking comment.

PepsiCo is the second major U.S. company in India to face issues over patent infringement.

Stung by a long-standing intellectual property dispute, seed maker Monsanto, which is now owned by German drugmaker Bayer AG, withdrew from some businesses in India over a cotton-seed dispute with farmers, Reuters reported in 2017. (reut.rs/2ncBknn)

(Reporting by Amit Dave in AHMEDABAD and Mayank Bhardwaj in NEW DELHI; Editing by Martin Howell and Louise Heavens)

Source: OANN

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FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo

April 26, 2019

By P.J. Huffstutter and Shradha Singh

CHICAGO/BENGALURU (Reuters) – Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant’s profit, which tumbled 41 percent in the first quarter.

ADM said it was creating an ethanol subsidiary, which will include dry mills in Columbus, Nebraska; Cedar Rapids, Iowa; and Peoria, Illinois.

The ethanol subsidiary will report as an independent segment, the company said, allowing options “which may include, but are not limited to, a potential spin-off of the business to existing ADM shareholders.”

Results were hit by the “bomb cyclone” blizzards that devastated the Midwest and Great Plains this year, causing massive flooding across Nebraska, Iowa and Missouri, washing out rail lines and wreaking havoc in the moving and processing of corn, soybeans and wheat. One-sixth of U.S. ethanol production was halted.

In March, ADM warned Wall Street that flooding and severe winter weather in the U.S. Midwest would reduce its first-quarter operating profit by $50 million to $60 million.

“The first quarter proved more challenging than initially expected,” said Chairman and Chief Executive Officer Juan Luciano, with earnings down in its starches, sweeteners and bioproducts unit. Luciano said impacts of the severe weather ultimately “were on the high side of our initial estimates”.

Ongoing problems in the ethanol industry added to the problems and “limited margins and opportunities” for ADM, Luciano said.

The ethanol industry has been in the midst of a historic downswing due to the U.S.-China trade war, excess domestic supply and weak margins.

ADM, which had been an ethanol pioneer, signaled to Wall Street in 2016 that it was hunting for options and considering sales of its U.S. dry ethanol mills. Luciano told Reuters this year that offers ADM had received for the mills were too low.

In addition, ADM said it planned to repurpose its corn wet mill in Marshall, Minnesota, to produce higher volumes of food and industrial-grade starches.

Other major traders are alsy trying to distance themselves from struggling ethanol businesses. Louis Dreyfus Company BV spun off its Brazilian sugar and ethanol business Biosev in 2013. Rival Bunge sold its sugar book and has sought a buyer for its Brazilian mills since 2013.

ADM, which makes money trading, processing and transporting crops, such as corn, soybeans and wheat, has been looking to strengthen its core business. Last month it said it would seek voluntary early retirements of some North American employees and cut jobs as part of a restructuring effort.

The company expects to lower 2019 capital spending by 10 percent to between $800 million and $900 million.

Net earnings attributable to the company fell to $233 million, or 41 cents per share, in the three months ended March 31, from $393 million, or 70 cents per share, a year earlier.

Revenue fell to $15.30 billion from $15.53 billion. On an adjusted basis, the company earned 46 cents per share, while analysts on average had estimated 60 cents, according to IBES data from Refinitiv.

(Reporting by Shradha Singh in Bengaluru; Editing by Shounak Dasgupta, Chizu Nomiyama and David Gregorio)

Source: OANN

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