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U.S. House to vote on overriding Trump veto of resolution ending border emergency

FILE PHOTO: New bollard-style U.S.-Mexico border fencing is seen in Santa Teresa
FILE PHOTO: New bollard-style U.S.-Mexico border fencing is seen in Santa Teresa, New Mexico, U.S., March 5, 2019. REUTERS/Lucy Nicholson/File Photo

March 26, 2019

By Susan Cornwell

WASHINGTON (Reuters) – A test of U.S. Republican lawmakers’ loyalty to President Donald Trump will come on Tuesday when the House of Representatives votes on a long-shot effort to override his veto of a resolution ending the emergency he declared at the U.S.-Mexico border.

The Democratic-led House had little expectation of gaining the Republican support needed to reach the roughly 290 votes, or two-thirds majority, required to override Trump’s veto. The 435-member House passed the resolution last month by 245-182, later joined by the Republican-led Senate.

Coming just days after Trump’s partial exoneration in a report from Special Counsel Robert Mueller, the House vote will hinge largely on perceptions in Congress that the emergency declared by Trump in order to build a border wall trampled on the congressional power to make government spending decisions.

But the Mueller report, which cleared Trump’s campaign team of colluding with Moscow in its meddling in the 2016 U.S. presidential election, may make it more challenging for Republicans to defy the president on a range of issues, including his border emergency.

A Democratic congressional aide said the outcome of the House vote on Tuesday would “probably be similar” to that of Feb. 25 in which 13 Republicans sided with Democrats in support of the resolution.

Some Republicans also predicted little would change, although feelings were mixed about what role the Mueller report would play.

“I think some (Republicans) voted for the last resolution because they’re constitutional purists and see the (president’s) declaration as a usurpation of congressional authority,” said Representative Kenny Marchant of Texas. He voted against the resolution last time, he said, because he believed there is indeed an emergency at the U.S. southern border.

But Representative Tom Cole said some Republicans could be less likely to break with Trump after the Mueller findings.

“Even though the two issues clearly aren’t related, it increases the president’s strength and popularity and puts him in a stronger position,” the Oklahoma lawmaker said.

BYPASSING CONGRESS

Trump declared the border emergency on Feb. 15 in an attempt to bypass Congress and shift taxpayer funds to his proposed wall and away from other uses already approved by Congress.

Congress had refused for two years to meet his demands for funding the wall.

Republican Senator Susan Collins, who voted with Democrats in the Senate to terminate Trump’s border emergency, said she was hopeful more House Republicans would decide to oppose the president on the issue, but was not optimistic.

“This issue is not about whether or not you ought to build a wall, or don’t build a wall, it’s not about your opinion of President Trump, it’s not about border security, it’s about the Constitution and Congress standing up for the power of the purse under Article one, Section 9,” she said. “So I think this is a real important issue.”

Trump has made clamping down on illegal immigration a cornerstone of his presidency and it promises to be central to his 2020 re-election campaign.

His drive for billions of dollars to build a U.S.-Mexico border wall – one that he initially promised Mexico would pay for – has placed a wedge between him and Congress, including some Republicans who are uncomfortable talking about a “wall.”

Many in Congress say effective border security requires a range of law enforcement tools and Democrats dispute that there is a crisis at the border.

(Reporting by Susan Cornwell; Additional reporting by David Morgan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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WashPost: Dems Planting Seeds to Fight ‘Runaway Capitalism’

As Democratic candidates push hard for progressive social programs as the way to lift Americans up, Rep. Ro Khanna, D-Calif., is tackling the "crisis" of "runaway capitalism" in an ironic way: By talking to the Silicon Valley billionaires in his district, The Washington Post reported.

Those billionaires are potentially going to fund his political future, after all, even if they are built by modern-day capitalism and the successes of big tech.

"For the first time in decades, capitalism's future is a subject of debate among presidential hopefuls and a source of growing angst for America’s business elite," the Post reported. "In places such as Silicon Valley, the slopes of Davos, Switzerland, and the halls of Harvard Business School, there is a sense that the kind of capitalism that once made America an economic envy is responsible for the growing inequality and anger that is tearing the country apart."

The push here for Khanna – a co-chair of Sen. Bernie Sanders, I-Vt., presidential campaign – is the one now being preached at Harvard with its elective course "reimagining capitalism."

"What the trust surveys say is what I see: They are really worried about the direction in which the U.S. and the world is heading," Harvard economic professor Rebecca Henderson told the Post.

Henderson teaches the elective, which started with just 28 students seven years ago during the Obama administration and has grown to nearly 300 taking it this spring. The course attacks the structure of corporations and government as feeding the rich, she told the Post.

It is conceivably a way to steer the country, as many Harvard business students tend to be the next generation of Fortune 500 executive, per the Post.

"Realizing people hate your guts has some value," Silicon Valley billionaire Chris Larsen joked to the Post.

Khanna's problems might be bigger than those of a thriving U.S. economy: He has to serve a Sanders campaign that rejects billionaires while serving a district that grows them.

"We're probably not going to get a lot of support from the one percent and the large profitable corporations," Sen. Sanders said, per the Post. "That's OK. I don't need, and we don't want, their support."

Source: NewsMax Politics

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UK needs to meet Facebook, Google competition with new rules: report

FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration
FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration

March 13, 2019

By Paul Sandle

LONDON (Reuters) – Britain needs to overhaul its competition rules to tackle the dominance of tech giants like Facebook, Google and Amazon, and increase consumer choice, a government review said on Wednesday.

A new competition unit with expertise in the sector should be set up, the independent review said, and innovation should be encouraged by giving people control over their own data so they could switch between rival services and platforms easily.

Smaller companies should also have access to the data that social media platforms hold on their users, it recommended.

Big tech has been criticized by politicians in the United States and in Europe in recent years over issues ranging from Facebook losing track of users’ data to how Google ranks the results of searches.

France, Italy, Britain and Spain have also proposed new digital taxes to narrow loopholes that allow large multinational firms to cut tax bills.

Harvard professor Jason Furman, who chaired the British government review, said the digital sector had created substantial benefits but they had come at the cost of the increasing dominance of a few companies.

“My panel is outlining a balanced proposal to give people more control over their data, give small businesses more of a chance to enter and thrive, and create more predictability for the large digital companies,” he said on Wednesday.

“These recommendations will deliver an economic boost driven by UK tech start-ups and innovation that will give consumers greater choice and protection.”

UK finance minister Philip Hammond, who will deliver a half-yearly update on the budget later on Wednesday, said he would set out government measures to ensure digital markets are competitive later this year.

TechUK, which represents more than 900 tech companies that collectively employ 700,000 people, said the report contained some positive suggestions, but it needed further detail on what any proposed code of conduct for big tech might look like.

It also said there had to be a full assessment of the risks and benefits of opening up data sets.

“Bad regulation can be as big a barrier to competition and innovation as monopolistic activities,” TechUK CEO Julian David said.

“The UK must remain a welcoming place for digital business from around the world, and ensure that the UK competition and wider regulatory framework is not in conflict with the other leading digital economies with which we must compete.”

(Editing by Stephen Addison)

Source: OANN

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UN to help human rights training of Mexico’s National Guard

Mexico's efforts to calm critics of its newly formed National Guard received a boost Tuesday in the form of an agreement from the United Nations High Commissioner for Human Rights to assist in the force's training.

High Commissioner Michelle Bachelet said that her office will offer technical assistance to ensure that Mexico's new security force respects human rights.

"Experience shows us that you can't have security without full respect for human rights and you can't enjoy human rights without security," Bachelet said.

U.N. human rights experts had been outspoken in their criticism of President Andrés Manuel López Obrador's efforts to reform the constitution to give the military a formal role in the country's policing. He eventually agreed to place the National Guard under the civilian public safety minister, but has insisted that it will be led by an active duty military officer.

López Obrador said he will name the force's commander Thursday. It will initially be made up of military police from the army and navy, as well as some federal police, but recruitment is underway.

Mexico is coming off its most murderous year in at least the past 20. Previous administrations used the army and marines to combat the drug cartels in many parts of the country after determining that local police forces were hopelessly corrupt. Human rights abuses ensued by soldiers not trained for police work, from torture to extrajudicial killings.

López Obrador took office in December ready to scrap the Federal Police, which he said never came together as expected and replace it with the National Guard. The leftist president has lavished praise on Mexico's military, surprising some, insisting that only the military has the necessary discipline and respect of the public to get a handle on the country's internal security.

"We are going to carry out this change to guarantee security without violating human rights," López Obrador said. "We want Mexico to open to international observation."

Bachelet sidestepped questions about the essentially militarized nature of the new National Guard, whose officers will apparently be given military training and be under military discipline.

Bachelet said "the creation of the National Guard could open the opportunity to create a new civilian police force capable of fighting the overwhelming challenge of organized crime," without explaining how.

Bachelet called Mexico's crime numbers "terrifying," noting "Mexico has numbers of violent deaths worthy of a nation at war; 252,538 since 2006."

She also mentioned the murders of nine human rights activists and four journalists so far in 2019, coming on top of a dozen journalists murdered each year in 2018 and 2017.

Bachelet said the U.N. would be willing to help Mexico integrate its forensic files on the country's 40,000 missing people, and strengthen its capacity to find clandestine graves and identify bodies.

Source: Fox News World

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Ex-Barclays banker convicted in Euribor rigging trial

Banker, Carlo Palombo at Westminster Magistrates court in London
Banker, Carlo Palombo at Westminster Magistrates court in London, Britain, January 11, 2016. Eleven former Deutsche Bank , Barclays and Societe Generale employees are due on Monday to become the first people charged formally with conspiracy to rig Euribor, an international benchmark used to set interest rates on a wide range of financial products, including mortgages. REUTERS/Peter Nicholls

March 26, 2019

By Kirstin Ridley

LONDON (Reuters) – One former Barclays trader has been convicted by a London jury of conspiring to rig global Euribor interest rates.

After around five days of deliberations, a jury of nine men and three women on Tuesday found Anglo-Italian Carlo Palombo, 40, guilty after a two-month trial at Southwark Crown Court. His heavily-pregnant wife burst into tears in the public gallery.

Co-defendant Sisse Bohart, a 41-year-old Dane who also once worked at Barclays, was acquitted.

In London’s sixth rate-rigging trial, the defendants were charged with dishonestly manipulating Euribor (the euro interbank offered rate) – a benchmark that helps determine rates on more than $150 trillion of global financial contracts and loans – between 2005 and 2009.

Palombo will be sentenced later.

(Reporting by Kirstin Ridley; Editing by David Evans)

Source: OANN

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Cash for Clunkers: Yet Another Way Government Increased the Cost of Living

President Obama’s Car Allowance Rebate System (CARS), more popularly known as “Cash for Clunkers,” is now a decade old.

For those with short memories or those utilizing the healthy defense mechanism of repression, CARS, enacted by Congress in the summer of 2009, was a Keynesian-inspired stimulus package consisting of a $3,500 or $4,500 subsidy to those willing to part with their inefficient used vehicles and “trade” them for newly manufactured cars and trucks with better mileage ratings. Congress initially appropriated $1 billion for what was to be a five month program, both to stimulate new car sales and supposedly improve air quality. Because the initial $1 billion was exhausted in a matter of days, Congress appropriated another $2 billion, the balance of which ran out well short of the five month stimulus period. Per the legislation, all vehicles traded in were immediately made inoperable and junked, their engines frozen with sodium silica.

Not surprisingly, this interventionist program was a massive policy failure for several very predictable reasons.

First, no economy is made better off by destroying existing resources. Contrary to conventional myth, production of soon-to-be-destroyed-war-goods during World War II did not propel the United States out of the throes of the Great Depression — and neither did euthanizing 690,114 operational vehicles “jump start” the U.S. auto industry in 2009. Both endeavors merely redirected resources to manufacturing sectors out of touch with genuine consumer demand.

Bastiat’s “broken window fallacy” demonstrates how society is never made better off by destroying goods. In the case of the automobile market, instead of having hundreds of thousands of operational used cars with some market worth, we have government-engendered malinvestment in the production of new vehicles not genuinely demanded by consumers. The average age of a used light vehicle on the road today is 11.6 years, versus 10.5 in 2009. Does it make economic sense to call for cars more than a decade old to be destroyed today? My own household would lose two perfectly good vehicles and incur much higher new car and insurance payments.

Second, we have distortions in the market because we can’t know what Cash for Clunkers participants might have purchased (or not purchased) instead of new cars What about less affluent consumers who now face a significantly diminished supply curve (and thus higher prices) for a used vehicle because Cash for Clunkers reduced the supply of older, cheaper used cars(and total vehicles for sale, for that matter) by nearly 700,000 units? Did significant fuel savings and cleaner air result from the removal and destruction of these vehicles? Experts say no; people tend to drive older vehicles sparingly or very short distances. A reliable but inefficient old vehicle which gets someone back and forth to a job that is, say, three miles away, may very well make it possible for the owner to keep a job. Anecdotally, my father purchased a new full-sized pickup in 1982 which he drove sparingly for 5 years. I inherited it with only 26,000 miles from my mother in 2002, then sold it 15 years later with 52,000 miles.. On a good day with a heavy tailwind, the truck might have gotten about 13 miles per gallon on the highway. But when was it driven by either my father or me … when only a full sized pickup truck would suffice, such a vehicle often seemed invaluable.

Third, only the price mechanism can rationally allocate resources. Producers and consumers meet at a price; prices in turn signal the need for more or less investment in a particular good or service.

Nobody in Washington DC knows the right number of vehicles to have on American roads, the optimal ratio of new versus used vehicles, or the correct number of each type of vehicle. These choices are best made by consumers who know intimately their own personal needs and constraints. Stimulating new car sales with subsidies, as the Obama administration did 10 years ago, could only generate malinvestment. Not only were new car sales per capita trending down at the time the CARS program, they had been trending down since 1975. Markets reflected genuine consumer preferences; DC reflected a political preference for auto makers and lenders.

The one recent exception to that forty-year downtrend of fewer new car sales per capita was the post-recession sales increase that occurred between 2009 and 2015. While some of this increase is attributable to drivers who weathered the recession but could no longer make do with older cars, the temporary increase in auto sales following the Cash for Clunkers “stimulus” did little more than the mimic the rise in the general overall consumer spending during that same, post-2009 time period.

Also contributing to the post-recession increase in auto sales was an increase in the number of households over that same period of time. While the number of autos per U.S. household actually trended down slightly from 2.05 autos per household in 2008 to roughly 1.95 in 2018, the number of total households increased over that same period — and at a significantly greater rate than the number of vehicles per household went down, accounting for more total cars in use. Demographics and consumer preferences, not Cash for Clunkers, created the post-recession spike in new car sales.

Since 2016, however, sales have dropped off. This is what we would expect given higher interest rates, higher auto prices, increased telecommuting, and riedesharing programs like Uber. Millennials, already strapped with college debt, appear less interested in new car ownership than their Baby Boomer parents.

And perhaps most of all, newer cars tend to be more reliable and longer-lasting. None of this bodes well for auto manufacturers.

The Cash for Clunkers program destroyed valuable resources, misallocated other resources, and made life difficult for cash-strapped drivers needing a low-priced car—not to mention mechanics and salvage yard operators who rely on clunkers for their livelihood. It, did nothing to rejuvenate the new car manufacturing industry. Before the next round of intervention we would be wise to reflect on Bastiat and learn the harsh lesson of Cash for Clunkers.



Policies pushed by far-leftist Democrats will literally end the national sovereignty of the USA.

Source: InfoWars

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China says humanitarian aid should not be forced into Venezuela

People wait with their vehicles at a checkpoint set up by Venezuelan security forces in Taguanes, Venezuela
People wait with their vehicles at a checkpoint set up by Venezuelan security forces in Taguanes, Venezuela, February 21, 2019. REUTERS/Andres Martinez Casares

February 22, 2019

BEIJING (Reuters) – Humanitarian aid should not be forced into Venezuela, lest it cause violence, China’s Foreign Ministry said on Friday, warning that Beijing opposed military intervention in the country.

Venezuela President Nicolas Maduro threatened to close the border with Colombia on Thursday as opposition leader Juan Guaido and some 80 lawmakers ran a gauntlet of roadblocks trying to get to the frontier to receive humanitarian aid.

Guaido, who is recognized by dozens of countries as Venezuela’s legitimate head of state, was poised for a showdown with Maduro’s government on Saturday, when the opposition will attempt to bring in food and medicine being stockpiled in neighboring countries.

Maduro denies there is a humanitarian crisis and said on Thursday he was considering closing Venezuela’s key border with Colombia and would close the country’s other main border with Brazil, effectively shutting off any legal land access.

Speaking at a daily news conference, Foreign Ministry spokesman Geng Shuang said that the Venezuelan government had “remained calm and exercised restraint”, effectively preventing large-scale clashes.

“If so-called aid material is forced into Venezuela, and then if it causes violence and clashes, it will have serious consequences. This is not something anyone wants to see,” Geng said.

“China opposes military intervention in Venezuela, and opposes any actions causing tensions or even unrest,” he said.

Maduro retains the backing of both Russia and China.

Beijing has lent more than $50 billion to Venezuela through oil-for-loan agreements over the past decade, securing energy supplies for its fast-growing economy.

A change of government in Venezuela would favor Russia and China, who are the country’s two main foreign creditors, Guaido told Reuters in an interview last month.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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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

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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

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FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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German energy company RWE says it won’t invest in new coal-fired power stations and is scrapping plans for a lignite-fired plant in western Germany.

RWE, which operates several of Europe’s most-polluting power plants, said in a statement Friday that it will now focus on generating electricity from renewable sources. CEO Rolf Martin Schmitz said that “new coal-fired power stations no longer have a place in our future-oriented strategy.”

The company said it canceled plans for a possible lignite-burning plant at Niederaussem, near Cologne. However, RWE said it is “convinced that existing coal-fired power stations will be needed to provide backup capacity” as Germany switches to renewable energy.

A German government-appointed expert panel recently agreed that coal burning should end by 2038. Details of how that will be achieved remain sketchy.

Source: Fox News World

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Hundreds of Cuban migrants are reported to be on the run Friday in Mexico after a crowd of more than 1,000 burst out of a troubled immigration detention center on its southern border.

Mexico’s National Immigration Institute said the mass escape Thursday in Tapachula – which the Associated Press called the largest in recent memory — involved around 1,300 Cuban migrants, although 700 of them have since returned voluntarily.

The migrants reportedly streamed out of the compound without any resistance, as the institute said its agents weren’t armed and “there was no confrontation.”

Federal police with riot shields later rushed in to control the situation, as a crowd of angry Cubans whose relatives were being held at the facility gathered outside. The Cubans claimed their relatives reported overcrowding and unsanitary conditions at the facility.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout. (AP)

BORDER PATROL UNION CHIEF BLASTS CONGRESS OVER MIGRANT CARAVANS: ‘WHAT ARE YOU DOING ABOUT IT’?

“My wife and child have been in there for 27 days in bad conditions,” said Usmoni Velazquez Vallejo, as he waited outside for news. “There is overcrowding, insufficient food and there isn’t even medicine for them.”

Another Cuban detainee told the AFP: “We have many there… we are very tight, we sleep on the floor.”

It’s the third time since October that migrants at the facility staged an uprising, according to the news agency.

The center’s holding capacity is officially listed at less than 1,000 people, but the escape of 1,300 meant it was probably at least at double its capacity, since not everyone being held there escaped. Residents in the area said that sometimes the facility has held as many as 3,000 people, and a Mexican newspaper cited by Reuters said Haitians and Central Americans also are among the large group who still have not been tracked down.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday. (AP)

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Earlier in the day, Mexico’s top human rights official toured the facility.

Elsewhere in the country, a new caravan estimated to contain up to 10,000 migrants is making its way to the U.S.-Mexico border.

The Associated Press contributed to this report.

Source: Fox News World

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