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Brexit is wrecking Britain’s business reputation: Siemens UK head

A small toy figure is seen in front of a Brexit logo in this illustration picture
A small toy figure is seen in front of a Brexit logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic/Illustration

April 1, 2019

LONDON (Reuters) – Britain is wrecking its reputation for business stability with political divisions over Brexit and risks leaving the trading bloc with a hugely damaging “no-deal”, the UK head of German industrial giant Siemens has said.

After Prime Minister Theresa May’s Brexit deal was rejected by parliament for a third time last week there is pressure from rival factions for a no-deal exit, a much softer divorce or an election.

“Where the UK used to be beacon for stability, we are now becoming a laughing stock,” Juergen Maier said in open letter to lawmakers published by website Politico.

“It has been clear for weeks, that the only way that this will be resolved is through compromise between the government and parliament,” Maier said, calling for a softer Brexit.

Maier said it was becoming hard for him to win support from his board for investment decisions as Britain heads toward a “hugely damaging no-deal Brexit.”

“Enough is enough. We are all running out of patience. Make a decision and unite around a customs union compromise that delivers economic security and stability,” he said.

In year to September 2018, Siemens UK generated revenue of 5 billion pounds ($6.53 billion), the company’s website said. At the end of September 2018, the company had 15,000 employees in Britain.

(Reporting by Elisabeth O’Leary. Editing by Jane Merriman)

Source: OANN

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Iran announces joint border security force with Pakistan

Iran's president says a new joint security force will be formed with Pakistan to combat militants based along the two countries' shared border.

Hassan Rouhani said Tuesday that "a joint quick-reaction force for fighting against terrorism at the borders" was agreed to during his meeting with Pakistani Prime Minister Imran Khan a day earlier. Rouhani did not elaborate.

Both Pakistan and Iran say militant groups operate from bases on the other country's soil, occasionally carrying out deadly cross-border attacks.

The agreement comes after Pakistan's Foreign Ministry said Saturday that a group of militants crossed the border from Iran earlier that week and carried out a deadly attack against Pakistani armed forces in southwestern Baluchistan province, killing 14.

Rouhani also said he'll increase the volume of trade with Pakistan.

Source: Fox News World

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Kings reach deal to hire Walton as coach

FILE PHOTO: NBA: Los Angeles Lakers at New Orleans Pelicans
FILE PHOTO: Mar 31, 2019; New Orleans, LA, USA; Los Angeles Lakers head coach Luke Walton reacts during the second half against the New Orleans Pelicans at the Smoothie King Center. Derick E. Hingle-USA TODAY Sports/File Photo

April 13, 2019

Luke Walton and the Kings have agreed to a multi-year contract to make him Sacramento’s next coach, The Athletic reported.

Walton met with Kings general manager Vlade Divac on Saturday, and The Athletic’s Sam Amick reported the two had reached agreement on a deal that is expected to run through the 2022-23 season.

ESPN’s Adrian Wojnarowski said an official announcement could come this weekend.

The Los Angeles Lakers and Walton, 39, parted ways on Friday.

Walton compiled a 98-148 record in three seasons as the Lakers’ head coach. Los Angeles missed the playoffs in all three campaigns.

Since Rick Adelman left Sacramento in 2006 after eight seasons, the Kings have had nine head coaches.

The most recent was Dave Joerger, who was fired on Thursday.

Joerger led the Kings to a 39-43 record this season, good for ninth place in the NBA’s Western Conference. It was their best record since 2005-06 — the last time they qualified for the playoffs.

–Field Level Media

Source: OANN

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As Indonesia president heads for poll win, police warn on security

Elections in Indonesia
Indonesia's President Joko Widodo reacts after a quick count result during the Indonesian elections in Jakarta, Indonesia April 17, 2019. REUTERS/Edgar Su

April 18, 2019

By Augustinus Beo Da Costa and Ed Davies

JAKARTA (Reuters) – Indonesian President Joko Widodo appeared on course on Thursday for a second term, based on unofficial vote counts and despite the objections of his rival, while police vowed firm action against any rallies that could disturb security.

Results from private pollsters who counted vote samples from Wednesday’s poll point to a comfortable win for Widodo, raising hopes for a splurge of reforms in his second term.

The “quick counts” showed Widodo winning the popular vote with at least 54 percent, giving him a lead of around eight percentage points over former general Prabowo Subianto, who was narrowly defeated by Widodo in the election five years ago.

The counts from reputable pollsters have proved to be accurate in previous elections, though the official result will not be announced until May.

Prabowo, a former son-in-law of military strongman Suharto who was overthrown in 1998, said on Wednesday he was not trailing Widodo and believed his share of the vote was in a 52-54 percent range.

“We have noted several incidents that have harmed the supporters of this ticket,” Prabowo said, without giving detail.

With Prabowo’s supporters planning to march in central Jakarta after midday prayers on Friday, national police chief Tito Karnavian warned against rallies.

“I appeal to anyone not to mobilize, whether to mobilize people to celebrate victory or mobilize due to dissatisfaction,” said Karnavian, pledging firm action.

At the same news conference, chief security minister Wiranto called for people to avoid “any act of anarchy that breaches the law” while waiting for the official election result.

In 2014, Prabowo had also claimed victory on election day, before contesting the results at the Constitutional Court, which confirmed Widodo’s win.

Widodo said on Wednesday the results indicated he had regained the presidency of the world’s fourth-most-populous nation, but urged supporters to wait for the election commission to announce official results.

‘NO CASE’

The front page of Indonesia’s English-language Jakarta Post newspaper carried the headline: “Five More Years” next to a picture of the president.

Financial markets rose before trimming gains with the rupiah currency up 0.3 percent from the previous close and the Jakarta stock index up 0.6 percent by midday.

Alexander Raymond Arifianto, a political analyst at the S. Rajaratnam School of International Studies (RSIS) in Singapore, said Widodo’s margin of victory meant the opposition did not appear to have a strong case to claim the election was stolen.

But he noted risks that Islamist supporters of the challenger, including the hardline Alumni 212 movement, could hit the streets to dispute the election.

“So Prabowo has no case, but the hardliners and Alumni 212 can create lots of headaches for Jokowi if they go ahead with their protest plan tomorrow and in future weeks,” he said, referring to president by his nickname.

Novel Bamukmin, a spokesman for Alumni 212, said the movement planned a peaceful march after Friday prayers at Jakarta’s Istiqlal mosque.

“We just want to bow down to express our gratitude in order that this victory is recognized,” he said, referring to Prabowo’s claim he won the election.

Islamist groups have in the past been able to mobilize tens of thousands of supporters.

From late 2016, they organized a series of big protests against the Jakarta governor, Basuki Tjahaja Purnama, the first ethnic-Chinese Christian to hold the job, who was subsequently jailed for insulting the Koran.

(Additional reporting by Fransiska Nangoy; Editing by Robert Birsel)

Source: OANN

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South Korea arrests two for spy cameras that livestreamed 1,600 motel guests

A police officer demonstrates a subminiature spycam installed inside a hairdryer which is used to film guests illicitly at a motel, in Seoul
A police officer demonstrates a subminiature spycam installed inside a hairdryer which is used to film guests illicitly at a motel, in Seoul, South Korea, March 20, 2019. Yonhap via REUTERS

March 21, 2019

By Hyonhee Shin

SEOUL (Reuters) – South Korean police have arrested two men for using illegal spy cameras at motels to film and livestream videos of about 1,600 guests, raking in about 7 million won ($6,200) over the past three months, police said on Wednesday.

Illicit filming has surged in South Korea with growing use of mobile devices. Its pop music industry is reeling from a scandal over a celebrity’s sharing of videos he took secretly while having sex.

Police said the two men they had arrested, and two other people, had posed as motel guests to secretly install the cameras, obtained online from overseas, in 42 rooms at 30 establishments around the country since August.

The footage from the cameras, hidden in television boxes, sockets and hair dryer holders, was broadcast live on a website, police said.

“It was the first case we caught where videos were broadcast live online,” police said in a statement.

More than 6,600 cases of illicit filming were reported to police last year, or about a fifth of all sexual abuse cases investigated, up from 3.6 percent in 2008, prosecutors have said.

Last year, tens of thousands of women took to the streets of Seoul, the capital, to protest against illicit videos and other forms of sexual abuse and violence, and to demand stricter punishment.

The law was amended last November to toughen penalties not only for illegal filming but also distributing images without consent, which could bring jail terms of up to five years or fines of up to 30 million won.

On Thursday, K-pop singer and television celebrity, Jung Joon-young, was arrested over accusations he shared his secret sex videos..

In a statement, he admitted all of the charges against him.

(Reporting by Hyonhee Shin; Additional reporting by Joyce Lee and Joori Roh; Editing by Clarence Fernandez, Robert Birsel)

Source: OANN

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‘The Five’ on what to expect from the Mueller report

The Five” spent time on Wednesday discussing what to expect from Democrats and the news media as Attorney General William Barr releases a redacted version of the Mueller report -- a happening set for Thursday.

We already know the top-line conclusion. There was no collusion, matter of fact there was no effort at collusion, and the Russians tried to collude and the Trump team said no,” co-host Dan Bongino said.

“My question going forward, what the heck was Bob Mueller doing for 675 days?”

TRUMP LEGAL TEAM PREPARES MUELLER COUNTER-REPORT ON OBSTRUCTION ALLEGATIONS

Co-host and liberal commentator Marie Harf believes President Trump is trying to get ahead of the report and speculated he may be “embarrassed” on Thursday.

“It seems a little bit like he's trying to pre-empt what he knows will not be a uniformly good report for him. There will be things in this report that are embarrassing, that all of us sitting around this table would say I never would've done that if I worked on a presidential campaign. I think Trump knows that and is trying to get ahead of it,” Harf said.

Co-host Jesse Watters said negative information is expected when it comes to a comprehensive report.

“There's going to be some derogatory information in there. Because this was a very brutally intrusive exam into the administration and the campaign. You're going to find some flaws and this was undertaken by kind of ferocious and -- not sinister but angry partisan Democrats with a lot of liberal pedigree. They are going to find some things, but overall no obstruction, no collusion,” Watters said.

WOW: CHELSEA HANDLER SAYS SHE HAS 'FEELINGS' FOR ROBERT MUELLER

Watters and co-host Greg Gutfeld specifically called out CNN and other key players in the mainstream media for their relentless focus on the Mueller report.

“I just don't know how CNN is going to handle it because this last week they had the lowest-rated week of all of 2019," Watters said. "They have a choice to make. Are they going to now report real news about Spygate, or are they going to continue to push fake news? They lost to the Food Network last week, which means people would rather watch a pot boil then watch CNN."

“It's really about the Russians and how they manipulated the media, not the voters. The collusion was Russia playing the media for suckers,” Gutfeld said.

Source: Fox News Politics

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Copper producers gather; electric cars seen driving demand growth

FILE PHOTO: A worker monitors a process inside the plant at the copper refinery of Codelco Ventanas in Ventanas
FILE PHOTO: A worker monitors a process inside the plant at the copper refinery of Codelco Ventanas in Ventanas city, Chile January 7, 2015. REUTERS/Rodrigo Garrido/File Photo

April 7, 2019

By Zandi Shabalala and Ernest Scheyder

SANTIAGO (Reuters) – Global copper producers are converging in Chile this week as tightening supply buoys prices, even as the industry grapples with declining ore quality, project delays and worries the U.S-China trade war may hit long-term demand.

Despite these challenges, the industry is planning for substantial growth in the next decade thanks to an expected boom in production of electric vehicles, which use twice as much copper as internal combustion engines. Automakers are vowing to produce all-electric fleets.

With all that in mind, hundreds of investors, executives, analysts and regulators are gathering in Santiago, the Chilean capital, for the annual World Copper Conference.

“From a numbers perspective we have a deficit in copper, and it’s expected to be a tighter market in 2019 relative to last year,” said Eleni Joannides, a copper market analyst at consultancy Wood Mackenzie.       

(For a graphic on ‘LME cash copper price’ click https://tmsnrt.rs/2Vr2Qzw)

Relatively upbeat commodity prices since January have lifted producers such as Freeport-McMoRan Inc, Antofagasta Plc, BHP and Anglo American Plc out of the doldrums and presented them with a new problem: the hunt for high-quality assets at a time of geo-political uncertainty.

LME cash copper is expected to average $6,397 a tonne this year, a Reuters poll of 30 analysts shows, slightly lower than $6,437 on Friday.

“I think we’re heading into a bull market for copper,” said Jefferies mining analyst Christopher LaFemina.

A lack of new supply and steady demand this year for the metal, widely used in power and construction, should keep the 25-million-tonne market in a slight deficit and support prices, analysts said.

The industry is moving to bring new supply online, but it will take time. Freeport, the world’s largest publicly traded copper producer, cut its 2019 output forecast at Indonesia’s Grasberg mines by more than half as it transitions to underground operations, a costly process that will take years.

But Freeport, BHP, Nevada Copper Corp and other miners are spending more than $1.1 billion to develop fresh copper projects in the United States, a country once seen as a laggard in the global mining industry.

Panama, not historically associated with a large mining industry, is also seeing investment dollars. First Quantum Minerals Ltd plans to spend $327 million to expand a copper mine, with the goal of increasing production by 375,000 tonnes annually within five years.

(For a graphic on ‘Exchange stocks for copper’ click https://tmsnrt.rs/2VmZbmd)

Tightening supply this year was Freeport, due in part to the Grasberg mine plan, while miner Glencore halved its 2019 output from its Mutanda copper and cobalt mine in Democratic Republic of Congo to 100,000 tonnes.

Meanwhile, global visible inventory in the form of combined stocks held by the London Metal Exchange, Comex and the Shanghai Futures Exchange have nearly halved from a year ago to around 500,000 tonnes, data from the exchanges show.

(For a graphic on ‘Mining companies vs. Copper price’ click https://tmsnrt.rs/2Vs3xJ8)

   

Analysts said this has helped boost sentiment in copper and some other metals, which had been held down by the U.S-China trade dispute and hiccups in economic growth of top consumer China where stimulus has been promised.   

Copper is one of the metals that will benefit the most from an expected boom in the use of electrical vehicles, but significant demand for the low-emission automobiles is expected to only ramp up in the middle of 2020’s.

Roskill expects sales of electric vehicles powered by rechargeable lithium-ion batteries to rise to 17 million units, or 20 percent of the total, in 2025, and 32 million, or 37 percent, by 2030 compared with 3 percent, or 2.1 million, last year.

Still, some copper executives are concerned that aluminum may try to supplant copper’s role in electronic equipment in the near future. Aluminum is a cheaper alternative to conduct electricity, although less efficient.

A large portion of the weeklong conference is devoted to research presentations from industry scientists studying new applications for the red metal, part of a plan to go on the offense against aluminum.

(For a graphic on ‘Copper market deficit’ click https://tmsnrt.rs/2VoIGq5)

(Reporting by Zandi Shabalala and Ernest Scheyder; Editing by Veronica Brown, Leslie Adler and David Gregorio)

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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Funeral of journalist Lyra McKee in Belfast
Labour Party leader Jeremy Corbyn attends the funeral service for murdered journalist Lyra McKee at St Anne’s Cathedral in Belfast, Northern Ireland April 24, 2019. Brian Lawless/Pool via REUTERS

April 26, 2019

LONDON (Reuters) – The leader of Britain’s opposition Labour Party, Jeremy Corbyn, said on Friday he had turned down an invitation to a state dinner which will be part of U.S. President Donald Trump’s visit to Britain in June.

“Theresa May should not be rolling out the red carpet for a state visit to honor a president who rips up vital international treaties, backs climate change denial and uses racist and misogynist rhetoric,” Corbyn said in a statement.

He said maintaining the relationship with the United States did not require “the pomp and ceremony of a state visit” and he said he would welcome a meeting with Trump “to discuss all matters of interest.”

(Reporting by Andy Bruce; Writing by William Schomberg)

Source: OANN

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Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli
Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli, Libya April 25, 2019. REUTERS/Hani Amara

April 26, 2019

By Ulf Laessing

TRIPOLI (Reuters) – Libya’s U.N.-recognized government has budgeted up to 2 billion dinars ($1.43 billion) to cover costs of a three-week-old war for control of the capital, such as treatment for the wounded, to be funded without new borrowing, the economy minister said.

Ali Abdulaziz Issawi suggested the government hoped for business to continue more or less as usual despite the assault on Tripoli, in the country’s northwest, by forces tied to a parallel administration based in the eastern city of Benghazi.

Once Africa’s third largest producer of oil, Libya has been riven by factional conflict since the fall of Muammar Gaddafi in 2011, with the country now broadly split between eastern-based forces under Khalifa Haftar and the U.N.-backed government in Tripoli, in the west, under Prime Minister Fayez al-Serraj.

Still, with Haftar’s Libyan National Army forces unable so far to pierce defenses in Tripoli’s southern suburbs, normal life and business activities continue in much of the capital and western coastal towns.

Issawi, in an interview with Reuters in his Tripoli office, also said Libya’s commercial ports and wheat imports were still functioning normally, although some roads have been blocked.

He said the Serraj government estimates it will spend up to 2 billion dinars extra on medical treatment for wounded, aid for displaced people and other “emergency” war costs.

He said this was not military spending but analysts believe that the sum will also cover expenditures such as pay for allied armed groups or food for fighters.

“We could actually spend less,” he added, in comments that gave the first insight into the economic impact of the fighting.

Issawi said the Tripoli government, which controls little territory beyond the greater capital region, would not incur new debt to fund the war costs, sticking to a plan to post a 2019 budget without a deficit.

Tripoli derives revenue largely from oil and natural gas production, interest-free loans from local banks to the central bank, and a 183 percent surcharge on foreign exchange transactions conducted at official rates.

But with centralized tax collection greatly diminished, public debt has piled up – to 68 billion dinars in the west, including unpaid state obligations such as social insurance.

Some analysts expect Serraj’s government will be forced to raise new debt if the war for control of Tripoli drags on.

With much of Libya dominated by armed factions that also act as security forces, the public wage bill for both the western and eastern administrations has soared as fighters have been made public employees in efforts to buy their loyalty.

The east has sold bonds worth 35 billion dinars outside the official financial system as the Tripoli central bank does not fund the parallel government apart from some wages.

Despite its limited reach, the Tripoli government still runs an annual budget of around 46.8 billion dinars, mainly for public salaries and fuel subsidies.

“This year we cannot finance via debt…we will not borrow (by agreement with the central bank),” Issawi said.

According to International Monetary Fund data, Libya’s central government debt-to-GDP ratio is 143 percent, making it one of the most heavily indebted in the world on that measure.

Issawi declined to say what parts of the budget would be trimmed to support the extra outlay for war costs.

However, with some 70 percent of the budget allocated to public wages, fuel subsidies and other welfare benefits, a portion devoted to infrastructure is most likely to be axed.

Widespread lawlessness has meant there have been no major infrastructural projects since 2011, when a NATO-backed uprising overthrew dictator Muammar Gaddafi, leaving schools, hospitals and roads in acute need of restoration.

FOREX SURCHARGE

Issawi said the government planned to raise as much as 30 billion dinars by the end of 2019 from hard currency deals after imposing in September a 183 percent surcharge on commercial and private transactions done on the official rate of 1.4 to the U.S. dollar. That fee has effectively devalued the official rate to 3.9, much closer to the black market equivalent.

Some 17 billion dinars have been raised since then, with hard currency allocated for import credit letters now issued without delays, Issawi said. The forex fee has helped the government forecast a budget in the black for 2019.

Despite the narrowing spread between the two rates, the black market continues to thrive. Dozens of traders remained at their favorite spot behind the central bank headquarters in Tripoli when Reuters reporters visited it last week.

But traders said it could take time for the Serraj government to register the extra forex receipts as official banking channels were taking up to six months to approve import financing, keeping the black market in play for dealers.

Issawi said authorities planned to lower the forex fee from 183 percent, without saying when. The black market rate has dropped from 6 to around 4.1 since September but it has hardly moved of late as demand for black market cash remains high.

The Tripoli government has stopped subsidizing food and bread, which used to be cheaper than drinking water in Libya. Wheat imports are now being arranged by private traders and there are surplus stocks of flour at the moment, Issawi said.

(Reporting by Ulf Laessing in Tripoli with additional reporting by Karin Strohecker in London; Editing by Mark Heinrich)

Source: OANN

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Rep. Gerry Connolly, D-Va., threatened possible jail time for White House officials refusing to comply with subpoenas to testify before the House Oversight Committee.

Connolly, a member of the House panel, made his comments during an interview on CNN on Thursday. He said that “if a subpoena is issued and you’re told you must testify, we will back that up.”

He added: “And we will use any and all power in our command to make sure it’s backed up — whether that’s a contempt citation, whether that’s going to court and getting that citation enforced, whether it’s fines, whether it’s possible incarceration.”

“We will go to the max to enforce the constitutional role of the legislative branch of government.”

His comments came after three officials have refused to comply with congressional requests to testify, CNN noted.

Trump told The Washington Post that his staff should not testify on Capitol Hill, explaining that the White House cooperated fully with special counsel Robert Mueller and “there is no reason to go any further, especially in Congress where it’s very partisan.”

Source: NewsMax Politics

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“Outdated laws” need fixing to deal with the surge in illegal immigrant families crossing the U.S. border with Mexico, a top Border Patrol official said Friday.

Migrant families face no consequences if apprehended trying to cross the border illegally under present law, Border Patrol chief of Operations Brian Hastings claimed during an appearance on “Fox & Friends.”

“We need a change in the current outdated laws that we’re dealing with for this current demographic and this crisis that we have,” he said.

Hastings said as of Thursday there have been 440,000 apprehensions along the southwest border. There were 396,000 apprehensions all of last year.

SOUTHERN BORDER AT ‘BREAKING POINT’ AFTER MORE THAN 76,000 ILLEGAL IMMIGRANTS TRIED CROSSING IN FEBRUARY, OFFICIALS SAY

And those numbers continue to rise, he said.

Historically 70 to 90 percent of apprehensions at the border were quickly returned to Mexico, Hastings said.

Now, 83 percent of those apprehended have come from the Central American northern triangle which includes Guatemala, El Salvador, and Honduras, and of those 63 percent are “family units” and children who cannot be returned, he said.

“There are no consequences that we can apply to this group currently,” Hastings said. “We’re overwhelmed. If you look at agents there doing a tremendous job trying to deal with the flow.”

The law dictates children have to be released after 20 days of detention.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Sen. Lindsey Graham, R-S.C., says that has forced immigration officials to release entire families because “you don’t want to separate families.”

Recently, he said he is drafting legislation that would allow children to be detained for more than 20 days.

Hastings said agents are frustrated with the situation but are doing the best they can with the resources they have.

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“Up to 40 percent of our agents are processing at any given time,” he said. “That should say that in and of itself is pulling from those border security resources.”

Source: Fox News National

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