Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

From trash to totes: Thai designer makes politics fashionable

A man cuts an election campaign poster to make a tote bag in his home in Bangkok
A man cuts an election campaign poster to make a tote bag out of it, in his home in Bangkok, Thailand April 8, 2019. Picture taken April 8, 2019. REUTERS/Soe Zeya Tun

April 12, 2019

By Patpicha Tanakasempipat and Jiraporn Kuhakan

BANGKOK (Reuters) – Thai designer Panupong Chansopa saw a business opportunity in millions of vinyl campaign posters destined to become trash after last month’s general election, and salvaged hundreds to turn them into colorful tote bags with a message.

Most of his designs feature the cropped faces of popular politicians, or eye-catching campaign slogans cut from the posters and sewn together by a seamstress.

“This is about a political awakening, not just an environmental effort,” Panupong, 28, said of the pent-up desire for political expression after five years of military rule.

“The junta took power and silenced people, but now people want to speak out and express themselves.”

It is still uncertain which party could form a government after the March 24 election, the first since a 2014 army coup. Final results may not be clear for weeks.

Panupong collected about 400 posters in Bangkok, mostly those of the youth-oriented Future Forward Party, whose leader Thanathorn Juangroongruangkit figures is among his most popular designs.

In a friend’s house that serves as a makeshift factory, Panupong unrolls a weather-worn poster on the floor, washes it with a sponge and soapy water and then hangs it up to dry.

The final product is a rectangular, vertical tote bag in bold colors, with handles so it can be held in the hand or slung over the shoulder. Made from vinyl, the bag is also water-resistant and durable.

The bags sell for 750 baht ($23.60) each and are available only while stocks last, Panupong said.

He hoped that his brand “Faithai”, inspired by a Swiss brand that makes bags from used truck tarps, can spur political debate without the deep divisions of the recent past.

“In the past…politics and political parties were seen as irrelevant, if not dangerous and risky to engage with,” he said.

“But now I want politics to be something everyone can relate to. No need to run from it, no need to fear talking about it.”

(Reporting by Patpicha Tanakasempipat and Jiraporn Kuhakan; writing by Patpicha Tanakasempipat; Editing by Darren Schuettler)

Source: OANN

0 0

As Fed readies balance sheet plan, Quarles, Harker urge caution

FILE PHOTO: FILE PHOTO: Clouds over the Federal Reserve in Washington
FILE PHOTO: Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017. REUTERS/Kevin Lamarque/File Photo/File Photo

February 22, 2019

By Trevor Hunnicutt and Ann Saphir

NEW YORK/SAN FRANCISCO (Reuters) – As the Federal Reserve prepares to stop trimming its $4 trillion balance sheet later this year, two U.S. central bankers suggested the Fed may need to carefully feel its way on how big its bond portfolio needs to be to maintain smoothly operating financial markets.

In minutes of its January policy-setting meeting released earlier this week, the Fed surprised markets by saying it had discussed ending a reduction of its balance sheet later this year.

Doing so would leave the Fed’s balance sheet, swollen from years of bond-buying in the post-crisis years, much bigger than had earlier been anticipated.

On Friday, Fed policymakers said that one reason a bigger Fed balance sheet is necessary is that banks are relying on a much bigger pool of reserves held at the Fed than they did in the pre-crisis years. Because it is not clear exactly how much the banks need, the Fed should go slow to prevent the level of reserves from unintentionally falling below what was needed, they said.

“I have proposed that we can substantially slow the decline in reserves by ending the reduction in asset holdings later this year,” Philadelphia Fed President Patrick Harker said in remarks prepared for delivery to a monetary policy conference in New York.

“Reserves would then diminish at a very gradual pace, reflecting the trend growth of other Federal Reserve liabilities.”

Speaking on the same panel, Federal Reserve Governor Randal Quarles agreed with Harker’s go-slow approach.

“With so much uncertainty over the level and slope of the reserve demand curve, a degree of caution is warranted,” Quarles said.

St. Louis Fed President James Bullard, who also presented on the panel, gave a slightly different view, saying that shrinking the Fed’s balance sheet while interest rates are well above zero has only “minor” effects on the macroeconomy.

(Writing by Ann Saphir; Editing by Chizu Nomiyama)

Source: OANN

0 0

Rights body votes to beef up monitoring of Palestinian areas

The top U.N. human rights body has asked the U.N. human rights chief to strengthen her office's presence in Palestinian areas following an investigation that found Israeli soldiers may have committed war crimes in a deadly response to Gaza protests last year.

The Human Rights Council made the request in a resolution that passed 23-8 with 15 abstentions, a vote loaded with political implications that quickly drew accusations of bias from the Israeli government.

Five central and eastern European countries joined Australia, Fiji and Brazil opposing the measure. Britain and many EU countries abstained.

The resolution was among five considered focusing on Israel and "Occupied Palestinian Territory," the only "country situation" considered at every council meeting. A total of 29 resolutions were being considered in the four-week session ending Friday.

Source: Fox News World

0 0

Covington Catholic High student's lawyer says lawsuit is 'message' for 'weaponized' Washington Post

An attorney representing a Covington Catholic High School student suing The Washington Post for $250 million told Fox News on Wednesday that the pricey lawsuit “isn't about the money, it’s about the message.”

Todd McMurtie, the lawyer representing student Nicholas Sandmann, spoke to Todd Starnes about a lawsuit filed Tuesday that “seeks significant damages” from The Post for allegedly targeting his client “just so the media could make the point it wanted to make.”

The lawsuit accuses The Post of "using its vast financial resources to enter the bully pulpit by publishing a series of false and defamatory print and online articles ... to smear a young boy who was in its view an acceptable casualty in their war against the president."

“What we hope to accomplish with the lawsuit obviously is to obtain a large verdict,” McMurtie said on "The Todd Starnes Show." “And the reason we want to obtain a large verdict is so that things that things like the things that happened to Nick did not happen to others.”

Sandmann came under attack in January after a video surfaced of him standing face-to-face with a Native American man, Nathan Phillips, while wearing a “Make America Great Again.”

COVINGTON HIGH STUDENT’S LEGAL TEAM SUES WASHINGTON POST

Sandmann and other Covington Catholic students were accused of initiating the altercation and intimidating Phillips but other videos showed that the students were verbally accosted by a group of black street preachers who were shouting insults both at them and a group of Native Americans.

McMurtie said the only truth that was reported by The Post was the Make America Great Again hat that his client was wearing -- and he says that’s the reason they went after him.

CONSERVATIVE LEADERS DEMAND APOLOGY FOR MEDIA TREATMENT OF COVINGTON STUDENTS

“I mean Nick is 16 years old. He hasn't even told me what his political affiliation is and nobody knows really what their political affiliation is going to be when they're 16 but because he was wearing that hat, he was used as a  ... you know ... as a victim of scorn by the media, just so the media could make the point it wanted to make.”

Sandmann’s lawyers are seeking $50 million in compensatory damages, related to damages to emotional distress and his reputation, and $200 million in punitive damages.

McMurtie says the pricey lawsuit is the only way to send a message that'll help protect others from similar mistreatment in the future.

“Money is the way to inflict enough suffering on, you know, a weaponized publication like The Washington Post, so that that they won't do it again. And there's other people -- other organizations and media outlets -- that have become weaponized against our president.”

CLICK HERE TO GET THE FOX NEWS APP

He said that while The Post is the first publication to be sued, there are plans for more litigation.

“We've identified a number of other individuals of news outlets that we think are also potentially liable for defamation. We've analyzed these matters and we think we have a good-faith basis to bring these claims and over the next 30 and 60 days, you will see more lawsuits.”

Source: Fox News National

0 0

San Antonio man allegedly pistol-whipped ex for revealing his criminal past to new girlfriend

A Texas man was arrested after allegedly pistol-whipping his ex-girlfriend for informing his new girlfriend about his criminal past.

Kenneth Mann, 26, was taken into custody on Saturday and charged with aggravated assault with a deadly weapon, according to online records from the Bexar County court.

MAN REPEATEDLY STABS CUSTOMER, 63, IN BACK AT CALIFORNIA DOUGHNUT SHOP, VIDEO SHOWS

Mann's ex-girlfriend allegedly told investigators that on Nov. 11, he appeared at her apartment with a handgun after she spoke to his girlfriend about his criminal history, KSAT-TV reported, citing an arrest affidavit.

County records indicate Mann was arrested in October 2015 on suspicion of assault causing bodily injury.

During a discussion about the topic with his ex, Mann reportedly became upset and hit her in the head with his gun.

CLICK HERE TO GET THE FOX NEWS APP

The woman claimed that Mann allegedly told her "she owes him for causing problems with his new girlfriend," and followed her into her house — where he then allegedly "took her boyfriend's handgun and an air rifle."

Mann, according to the news station, remains in custody on $57,000 bail.

Source: Fox News National

0 0

Tesla’s Elon Musk, SEC again ask for more time to reach deal over CEO’s Twitter use

FILE PHOTO: Tesla CEO Elon Musk leaves Manhattan federal court
FILE PHOTO: Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S., April 4, 2019. REUTERS/Shannon Stapleton

April 26, 2019

(Reuters) – Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission on Thursday sought a second delay and requested to provide the court another joint submission on or before April 30, indicating whether they have reached an agreement to settle a dispute over Musk’s use of Twitter, both parties said in a court filing.

The SEC in February sought to have Musk found in contempt of a fraud settlement last year after the CEO tweeted details about Tesla production numbers that were not vetted by the electric vehicle company’s attorneys.

Instead, U.S. District Court Judge Alison Nathan in Manhattan ordered Musk and the SEC to try to resolve the dispute on their own. The parties have already requested one extension.

The SEC sued Musk last year for making fraudulent statements after he tweeted on Aug. 7 that he had “funding secured” to take Tesla private at $420 per share. The parties later settled and Musk agreed to step down as chairman and have the company’s lawyers pre-approve written communications, including tweets with material information about the company. Musk’s lawyers have argued that the February tweet did not contain new information that was material to investors.

(Reporting by Alexandria Sage in San Francisco, Brendan Pierson in New York and Rishika Chatterjee in Bengaluru; Editing by Lisa Shumaker and Leslie Adler)

Source: OANN

0 0

U.S. Senator Bernie Sanders against increasing number of Supreme Court justices

FILE PHOTO: U.S. 2020 Democratic presidential candidate Senator Bernie Sanders participates in a moderated discussion at the We the People Summit in Washington
FILE PHOTO: U.S. 2020 Democratic presidential candidate Senator Bernie Sanders participates in a moderated discussion at the We the People Summit in Washington, U.S., April 1, 2019. REUTERS/Carlos Barria/File Photo

April 1, 2019

By Ginger Gibson

WASHINGTON (Reuters) – U.S. Senator Bernie Sanders is against expanding the nine-member Supreme Court, a proposal some liberal activists have advocated to effectively reverse President Donald Trump’s appointment of conservative judges.

“My worry is that the next time the Republicans are in power they will do the same thing, I think that is not the ultimate solution,” Sanders said in response to a question at a forum on Monday organized by public employee unions and other liberal groups.

Sanders said he would consider proposals that created term limits for Supreme Court justices or would rotate judges between the highest court and the lower-level appeals courts.

Trump has also ruled out expanding the number of judges ahead of the election.

Trump appointed conservative Justices Brett Kavanaugh and Neil Gorsuch to the court since taking office in 2017, cementing its 5-4 conservative majority. Supreme Court justices are appointed for lifetime terms, and both his appointees potentially could serve for decades.

In response to Trump’s appointments, a handful of liberal activists have argued that if Democrats win the White House in the November 2020 presidential election, they should expand the number of Supreme Court justices to tip the balance of control toward liberals.

When asked, some candidates seeking the 2020 Democratic presidential nomination have said they would consider adding more justices to the court or other reforms. However, they have not made it a central part of their policy proposals, and other Democrats have opposed such an idea.

Long-shot liberal candidate Pete Buttigieg has mentioned a Supreme Court composed of 15 justices coupled with other reforms that would ensure partisan parity.

When Trump was elected in 2016, there was a court vacancy because of the death of conservative Justice Antonin Scalia and the Republican-led Senate’s refusal to consider Democratic President Barack Obama’s nominee Merrick Garland.

Some Democrats have accused Republicans of “stealing” a seat, pointing to Senate Majority Leader Mitch McConnell’s move to block consideration of Garland and keep the position vacant until the following year so the next president could make the appointment. McConnell’s action, with little precedent in U.S. history, enabled Trump to nominate Gorsuch in 2017, with the Republican-led Senate voting to confirm him.

Expanding the court – by either party – would be difficult.

Democratic President Franklin Roosevelt in 1937 proposed expanding it to as many as 15 justices. Critics accused him of a “court-packing” scheme aimed at changing its ideological composition. The proposal went nowhere in Congress.

(Reporting by Ginger Gibson; Editing by Phil Berlowitz)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist