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Hillary Clinton op-ed: Don’t rush to impeachment, it could backfire

Hillary Clinton cautioned House Democrats on Wednesday against immediately launching impeachment proceedings against President Trump following the release of Special Counsel Robert Muller’s report this month, urging Democrats to widen their platforms to a more “sensible agenda” for the upcoming elections.

The former secretary of state and 2016 Democratic nominee called the ultimatum presented by Democrats - “immediate impeachment or nothing” - a “false choice” in an op-ed published in The Washington Post.

“History suggests there’s a better way to think about the choices ahead.”

Clinton, whose husband, President Bill Clinton, was impeached in 1998, called the issue “personal” and said that while some might argue she was “not the right messenger,” her experience in politics has proven otherwise.

“My perspective is not just that of a former candidate and target of the Russian plot. I am also a former senator and secretary of state who served during much of [Russian President] Vladi­mir Putin’s ascent, sat across the table from him and knows firsthand that he seeks to weaken our country,” she wrote.

HILLARY CLINTON: ANYONE OTHER THAN TRUMP WOULD HAVE BEEN INDICTED FOR OBSTRUCTION

Clinton also looked back at her time as a “young staff attorney” in 1974 working on the House Judiciary Committee’s Watergate impeachment inquiry into President Richard Nixon.

Clinton said Congress should not be quick to vote on beginning impeachment proceedings without holding the proper public hearings to fill in the gaps of the Mueller report, something she blamed on Attorney General Bill Barr’s redactions.

Clinton slammed the 1998 impeachment of her husband as “a mistake then” and claimed that if voted on today, it “would be a mistake now,” arguing that the Republican-led House “rushed to judgment” then.

REP SAYS MUELLER REPORT SHOWS STEELE DOSSIER ‘FALSE AND FAKE,’ CHALLENGING ORIGINS OF FBI PROBE

She also urged both Democrats and Republicans to put aside party affiliations to come to a fair decision. “We have to remember that this is bigger than politics.”

She continued: “Whether they like it or not, Republicans in Congress share the constitutional responsibility to protect the country ... It’s up to members of both parties to see where that road map leads — to the eventual filing of articles of impeachment, or not. Either way, the nation’s interests will be best served by putting party and political considerations aside and being deliberate, fair and fearless.”

Clinton also urged lawmakers to evaluate the national security threat facing U.S. elections and advised Democrats not to build a platform on impeachment alone but rather to focus on a “sensible agenda” ahead of the midterm elections.

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“For today’s Democrats, it’s not only possible to move forward on multiple fronts at the same time, it’s essential ... It’s critical to remind the American people that Democrats are in the solutions business and can walk and chew gum at the same time.”

Clinton called the Mueller report a “warning about the future” and said that unless handled carefully and properly, the Russians would interfere again and Trump “may show even more disregard for the laws of the land and the obligations of his office.”

Source: Fox News Politics

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1 hurt, 1 arrested in South Carolina emergency room shooting

A South Carolina hospital says a person was shot inside its emergency room, and the shooter was apprehended by law enforcement.

Regional Medical Center in Orangeburg said the wounded person was immediately taken into surgery after the shooting around 8:45 a.m. Wednesday.

The hospital's statement said law enforcement was on the scene and the shooter was apprehended. It revealed no details about the wounded person's condition.

Orangeburg County deputies didn't immediately return phone calls seeking more information.

The hospital said its emergency room remains closed as deputies investigate, but the rest of the hospital is open and operating normally.

Source: Fox News National

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New Jersey teen once homeless accepted into 17 colleges, overcomes family obstacles

In the wake of a college admissions scandal rocking the nation, a New Jersey teen who was once homeless has been accepted into 17 colleges, overcoming his obstacles with hard work and perseverance, reports said Thursday.

Dylan Chidick, 17, is student council president and a member of the National Honor Society at Henry Synder High School in Jersey City. Going to college is his dream, and now he's gotten accepted into 17 out of the 18 colleges he's applied to.

"I wasn’t really sure if I wasn’t going to get into college because I don’t have the perfect grades or perfect GPA or perfect SAT score," Dylan told the North Jersey Record. "But I knew that when college admissions read my essay and see me as a whole person, I'd be OK."

One of his most trying family obstacles included coping with his twin brother's heart condition called aortic stenosis, which restricts blood flow from the left side of the heart to the right side, the report said.

USC, YALE AMONG COLLEGES SUED BY STUDENTS AMID COLLEGE ADMISSIONS SCANDAL

Adding to Dylan's family struggles, his mother, Khadine Phillip, fell ill and was unable to work to pay the bills, which prompted the landlord to evict the family.

"It was a very dark time and I did not want to end back up in that situation again, so I worked harder," Dylan told Fox 35 Orlando.

In 2017, Phillip was able to get help for her family. She connected with Village of Families, a HUD-funded housing program, which is part of WomenRising, a nonprofit that offers aid to women and families. The center has helped put the family up in permanent supportive housing -- a safe place for Dylan to study and wait for his final acceptance letter, New York's WCBS-TV reported. The costs for all the college applications were waived, the report said.

“The College of New Jersey. I haven’t heard back yet, but that is my top school right now,” the honor student said.

Dylan moved from Trinidad to the U.S. at seven years old and became a citizen, the station reported. He will be the first in his family to attend college.

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Dylan hopes to study political science and go to law school. He hopes his story will inspire others to pursue their dreams despite hardships.

"I would say, just keep pushing through. What you’re going through now should not define you in any way and you should keep working hard. The work you put in now you will foresee in the future," he told Fox 35.

Source: Fox News National

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Biden video ‘highlighted all of his weaknesses’ and shows he’s ‘out of date’: Matthew Continetti

Former Vice President Joe Biden did not do himself any favors when he released a video message addressing the controversy over his history of inappropriate touching, Washington Free Beacon editor-in-chief Matthew Continetti argued Wednesday.

In the video posted earlier in the day on Twitter, Biden promised he would be “more mindful and respectful of people’s personal space” going forward but never offered an apology to the women accusing him of making them feel uncomfortable. Since the video was released, at least three more accusers have come forward with accusations against him, making the total at least seven women.

During Wednesday's All-Star panel segment on Fox News' "Special Report with Bret Baier," Continetti -- along with Washington Times opinion editor Charles Hurt and Reuters White House correspondent Jeff Mason -- weighed in on the political fallout of Biden’s attempt at damage control as he mulls a 2020 run for president.

CLICK HERE TO VIEW THE FULL SHOW

Continetti argued that you can “make a human connection” as Biden says “without sniffing somebody’s hair.”

“The video highlighted all of his weaknesses," Continetti continued. "His voice seemed frail, the production value is poor, he wasn’t framed very well, he was very pale, and he confesses that social norms have passed him by, which means he’s out of date -- which is exactly why Democrats are worried about him entering the race.

“This is another bad moment for Biden in several weeks of bad news. It makes me wonder whether he’ll actually pull the trigger and enter the race.”

“This is another bad moment for Biden in several weeks of bad news. It makes me wonder whether he’ll actually pull the trigger and enter the race.”

— Matthew Continetti, Washington Free Beacon editor-in-chief

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But Mason told the panel that Biden was being “authentic,” pointing out that the former vice president wasn’t reading from a script and that his video message indicated that his previous statements weren’t enough and that he didn’t “feel the need to apologize.”

Meanwhile, Hurt noted how “strange” it is that former President Barack Obama hasn’t weighed in on the controversy and suggested that Obama and Biden overhyped their relationship while they were in office.

Source: Fox News Politics

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Nicklaus major record in play again for Woods

Nicklaus tees off during the ceremonial start on the first day of play at the 2019 Master golf tournament at the Augusta National Golf Club in Augusta, Georgia, U.S.
Honorary starter Jack Nicklaus of the U.S. tees off during the ceremonial start on the first day of play at the 2019 Master golf tournament at the Augusta National Golf Club in Augusta, Georgia, U.S., April 11, 2019. REUTERS/Jonathan Ernst

April 15, 2019

By Andrew Both

AUGUSTA, Ga. (Reuters) – The Tiger Woods major watch, stagnant for so long that it had almost been abandoned, is back on and Jack Nicklaus might yet be proved correct.

As the years ticked by from 2008 and an injury-riddled Woods got stuck for more than a decade on 14 major titles, four short of Nicklaus’s record, the “Golden Bear” kept saying he still thought his mark was in jeopardy.

Such talk, while Woods battled a potentially career-ending back injury, was widely dismissed as little more than politeness from someone who could hardly say anything else.

But in winning the Masters at Augusta on Sunday to end an 11-year major drought, Woods crept within three of catching Nicklaus.

“Nobody wants their record to be broken, but I certainly wouldn’t want Tiger to be hurt and not able to do it,” Nicklaus told Golf Channel. “He’s got me shaking in my boots!”

Though the odds are still against 43-year-old Woods, who is racing against Father Time as well as a fused spine that could cause more problems, it is no longer inconceivable to imagine him winning three or four majors.

The next two are at venues well suited to his game and where he has won — the PGA Championship at Bethpage and the 2000 U.S. Open at Pebble Beach where he triumphed by a massive 15 strokes.

Then it is the British Open, at Royal Portrush in Northern Ireland, where nobody in this year’s field has played a tournament.

MAJOR RECORD

His peers think Sunday’s victory could loosen the dam wall, if not completely open the floodgates.

Rickie Fowler and Justin Thomas, neighbors in south Florida who often play with Woods, expressed a mixture of excitement and trepidation.

“It keeps 18 (majors) in play,” Fowler told a small group of reporters amid what for Augusta National amounted to frenzied scenes outside the clubhouse as thousands of spectators congregated hoping to catch a glimpse of the new champion.

“I don’t doubt that this is going to be his most special one yet. To get his 15th after a long wait, after a lot of years away from competitive golf, being in a position where he wasn’t sure he was going to play again, it’s cool stuff.”

Thomas acknowledged he had needed to be convinced Woods could win another major.

“I thought today was going to be big in how he handled it,” said the 2017 PGA Championship winner.

“He’s been there a lot, more than anyone, but it had been a while since he had a chance to win here.”

Joint Masters runner-up Brooks Koepka expects Woods to challenge Nicklaus’s record.

“I think 18 is a whole lot closer than people think,” he said.

More immediately, Woods can become the most prolific winner in PGA Tour history.

He now has 81 victories, one short of Sam Snead, whose record could be tied as soon as next month, when Woods is likely to make his next appearance, at the Wells Fargo Championship in Charlotte, North Carolina.

Then it will be the PGA Championship from May 16-19, where the focus will be back on the pursuit of Nicklaus’s record.

Woods, however, preferred to savor his fifth Green Jacket.

“I don’t know if he’s worried or not,” Woods said when asked whether Nicklaus should be concerned at being caught.

“I’m just enjoying 15.”

(Reporting by Andrew Both, editing by Ed Osmond)

Source: OANN

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Mike Pence hits back at Pete Buttigieg after criticism: ‘He knows better’

Vice President Mike Pence fired back at Democratic presidential candidate Pete Buttigieg after the South Bend, Ind., mayor criticized the vice president for his belief that homosexuality is a choice.

"He said some things that are critical of my Christian faith and about me personally. And he knows better. He knows me," Pence told CNBC in an interview scheduled to air Thursday morning. "But I get it. You know, it’s – look, again, 19 people running for president on that side in a party that’s sliding off to the left. And they’re all competing with one another for how much more liberal they are."

Buttigieg, who is openly gay, discussed his sexual orientation during an event hosted by the LGBTQ Victory Fund last Sunday, saying: "If me being gay was a choice, it was made far, far above my pay grade ... That’s the thing that I wish the Mike Pence’s of the world would understand – that if you got a problem with who I am – your problem is not with me, your quarrel sir, is with my creator."

Pence, who was Indiana's governor when Buttigieg came out as gay during his mayoral re-election campaign in 2015, noted that he had implemented the Supreme Court's 2015 ruling that made gay marriage legal in all 50 states.

"But," the vice president added, "I have my Christian values. My family and I have a view of marriage that’s informed by our faith. And we stand by that. But that doesn’t mean that we’re critical of anyone else who has a different point of view."

Pence's wife, Karen, told The Brian Kilmeade Show on Fox News Radio on Tuesday that her husband and Buttigieg had "always had a good relationship," adding: "I think it’s helping Pete to get some notoriety by saying that about the vice president."

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She continued, "I think in our country we need to understand you shouldn’t be attacked for what your religious beliefs are and I think kids need to learn that at a young age that this is okay what faith people have, we don’t attack them for their faith."

In an apparent response to Karen Pence, Buttigieg tweeted: "People will often be polite to you in person while advancing policies that harm you and your family. You will be polite to them in turn, but you need not stand for such harms. Instead, you push back, honestly and emphatically. So it goes, in the public square."

Source: Fox News Politics

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Florida man expected to plead guilty in mailing of bombs to leading Dems

A Florida man accused of mass-mailing explosive devices to top Democrats including former President Barack Obama is expected to plead guilty next week, according to federal court documents.

Cesar Sayoc, 56, was taken into custody in October after his fingerprints were found on packages containing improvised explosive devices sent to a variety of liberal officials. They included Obama, former Vice President Joe Biden, former presidential candidate and Secretary of State Hillary Clinton, and current presidential candidates Kamala Harris of California and Cory Booker of New Jersey.

In addition to political leaders, Sayoc allegedly mailed more than a dozen pipe bombs to other prominent figures and locations, including actor Robert De Niro and the CNN headquarters in New York City.

None of the bombs detonated and there were no injuries as a result of Sayoc's alleged plan. Prosecutors argued in court that Sayoc had a list of "hundreds" of names on it, which was said to be his hit list.

Sayoc reportedly faces 30 charges, and it is not known which specific ones his guilty plea will involve, ABC News reported. He faces up to 48 years in prison if he is convicted of the five federal charges against him.

FIREFIGHTER DEATH RULED HOMICIDE; POLICE SAY FIRE WAS ARSON

He came to the country with a mixed-race troupe of exotic male dancers, and one former fellow dancer, David Crosby, said they were friends - sleeping in the same room and traveling together to perform

He came to the country with a mixed-race troupe of exotic male dancers, and one former fellow dancer, David Crosby, said they were friends - sleeping in the same room and traveling together to perform (AP Photo/Jim Mone)

At the time of Sayoc's arrest in October, he was living out of a large white van plastered with stickers of President Trump and Vice President Pence. Another of his stickers read, "CNN SUCKS."

As the case against him unfolded, more information about the Aventura, Fla., native began to come out. His family and those who knew him when he first traveled to the United States 13 years ago said he never expressed racist or homophobic remarks. He came to the country with a mixed-race troupe of exotic male dancers, and one former fellow dancer, David Crosby, said they were friends -- sharing accommodations and traveling together to perform.

JUDGE DISMISSES INDECENT EXPOSURE CHARGE AGAINST PILOT

He was, however, known to have a temper -- and was accused of biting women that came to the clubs he danced at so hard that he left teeth marks.

Changes in his personality were later observed by some in his orbit when he began working as a pizza delivery man. His manager, Debra Gureghian, said that when Sayoc found out she was a lesbian, he became very agitated. "I was an abomination, I was God's misfit. ... I was a mistake," Gureghian said. Sayoc thought she "should burn in hell with Ellen DeGeneres and Rachel Maddow ... and President Obama and Hillary Clinton."

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At one point, Gureghian said Sayoc gave her a ride home in his van, where she found it covered in fast food containers, alcoholic beverages, and dolls with their heads cut off.

Sayoc will reportedly appear in a New York court on Thursday to enter his plea.

Source: Fox News National

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FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, days after a string of suicide bomb attacks on Easter Sunday, in Colombo
FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, five days after a string of suicide bomb attacks on Catholic churches and luxury hotels across the island on Easter Sunday, in Colombo, Sri Lanka April 26, 2019. REUTERS/Dinuka Liyanawatte/File Photo

April 26, 2019

By Tom Lasseter and Shri Navaratnam

KATTANKUDY, Sri Lanka (Reuters) – Mohamed Hashim Mohamed Zahran was 12 years old when he began his studies at the Jamiathul Falah Arabic College. He was a nobody, with no claim to scholarship other than ambition.

Zahran and his four brothers and sisters squeezed into a two-room house with their parents in a small seaside town in eastern Sri Lanka; their father was a poor man who sold packets of food on the street and had a reputation for being a petty thief.

“His father didn’t do much,” recalled the school’s vice principal, S.M. Aliyar, laughing out loud.

The boy surprised the school with his sharp mind. For three years, Zahran practiced memorizing the Koran. Next came his studies in Islamic law. But the more he learned, the more Zahran argued that his teachers were too liberal in their reading of the holy book.

“He was against our teaching and the way we interpreted the Koran – he wanted his radical Islam,” said Aliyar. “So we kicked him out.”

Aliyar, now 73 with a long white beard, remembers the day Zahran left in 2005. “His father came and asked, ‘Where can he go?’.”

The school would hear again of Mohamed Zahran. And the world now knows his name. The Sri Lankan government has identified him as the ringleader of a group that carried out a series of Easter Sunday suicide bombings in the country on April 21.

The blasts killed more than 250 people in churches and luxury hotels, one of the deadliest-ever such attacks in South Asia. There were nine suicide bombers who blew apart men, women and children as they sat to pray or ate breakfast.

Most of the attackers were well-educated and from wealthy families, with some having been abroad to study, according to Sri Lankan officials.

That description does not, however, fit their alleged leader, a man said to be in his early 30s, who authorities say died in the slaughter. Zahran was different.

INTELLIGENCE FAILINGS

Sri Lanka’s national leadership has come under heavy criticism for failing to heed warnings from Indian intelligence services – at least three in April alone – that an attack was pending. But Zahran’s path from provincial troublemaker to alleged jihadist mastermind was marked by years of missed or ignored signals that the man with a thick beard and paunch was dangerous.

His increasingly militant brand of Islam was allowed to grow inside a marginalized minority community – barely 10 percent of the country’s roughly 20 million people are Muslim – against a backdrop of a dysfunctional developing nation.

The top official at the nation’s defense ministry resigned on Thursday, saying that some institutions under his charge had failed.

For much of his adult life, Zahran, 33, courted controversy inside the Muslim community itself.

In the internet age, that problem did not stay local. Zahran released online videos calling for jihad and threatening bloodshed.

After the blasts, Islamic State claimed credit and posted a video of Zahran, clutching an assault rifle, standing before the group’s black flag and pledging allegiance to its leader.

The precise relationship between Zahran and Islamic State is not yet known. An official with India’s security services, who spoke on condition of anonymity, said that during a raid on a suspected Islamic State cell by the National Investigation Agency earlier this year officers found copies of Zahran’s videos. The operation was in the state of Tamil Nadu, just across a thin strait of ocean from Sri Lanka.

“LIKE A SPOILED CHILD”

Back in 2005, Zahran was looking to make his way in the world. His hometown of Kattankudy is some seven hours’ drive from Colombo on the other side of the island nation, past the countless palm trees, roadside Buddha statues, cashew hawkers and an occasional lumbering elephant in the bush. It is a town of about 40,000 people, a dot on the eastern coast with no clear future for an impoverished young man who’d just been expelled.

Zahran joined a mosque in 2006, the Dharul Athar, and gained a place on its management committee. But within three years they’d had a falling out.

“He wanted to speak more independently, without taking advice from elders,” said the mosque’s imam, or spiritual leader, M.T.M. Fawaz.

Also, the young man was more conservative, Fawaz said, objecting, for instance, to women wearing bangles or earrings.

“The rest of us come together as community leaders but Zahran wanted to speak for himself,” said Fawaz, a man with broad shoulders lounging with a group of friends in a back office of the mosque after evening prayers. “He was a black sheep who broke free.”

Mohamed Yusuf Mohamed Thaufeek, a friend who met Zahran at school and later became an adherent of his, said the problems revolved around Zahran’s habit of misquoting Islamic scriptures.

The mosque’s committee banned him from preaching for three months in 2009. Zahran stormed off.

“We treated him like a spoiled child, a very narrow-minded person who was always causing some trouble,” said the head of the committee, Mohamed Ismail Mohamed Naushad, a timber supplier who shook his head at the memory.

Now on his own, Zahran began to collect a group of followers who met in what Fawaz described as “a hut”.

At about that time, Zahran, then 23, married a young girl from a small town outside the capital of Colombo and brought his bride back to Kattankudy, according to his sister, Mathaniya.

“I didn’t have much of a connection with her – she was 14,” she said.

Despite being “a bit rough-edged”, Zahran was a skilled speaker and others his age were drawn to his speeches and Koranic lessons, said Thaufeek. He traveled the countryside at times, giving his version of religious instruction as he went.

Also, Zahran had found a popular target: the town’s Sufi population, who practice a form of Islam often described a mystical, but which to conservatives is heresy.

Tensions in the area went back some years. In 2004, there was a grenade attack on a Sufi mosque and in 2006 several homes of Sufis were set afire. Announcements boomed from surrounding mosques at the time calling for a Sufi spiritual leader to be killed, said Sahlan Khalil Rahman, secretary of a trust that oversees a group of Sufi mosques.

He blamed followers of the fundamentalist Wahhabi strain of Islam that some locals say became more popular after funding from Saudi Arabia, the birthplace of Wahhabism, flowed to mosques in Kattankudy.

It was, Rahman said, an effort “to convert Sufis into Wahhabis through this terrorism”. Rahman handed over a photograph album showing charred homes, bullet holes sprayed across an office wall and a shrine’s casket upended.

ONLINE RADICAL

It was an ideal backdrop for Zahran’s bellicose delivery and apparent sense of religious destiny.

He began holding rallies, bellowing insults through loudspeakers that reverberated inside the Sufis’ house of worship as they tried to pray.

In 2012, Zahran started a mosque of his own. The Sufis were alarmed and, Rahman said, passed on complaints to both local law enforcement and eventually national government offices. No action was taken.

The then-officer in charge of Kattankudy police, Ariyabandhu Wedagedara, said in a telephone interview that he couldn’t arrest people simply because of theological differences.

     “The problem at the time was between followers of different Islamic sects – Zahran was not a major troublemaker, but he and followers of other sects, including the Sufis, were at loggerheads,” Wedagedara said.

Zahran found another megaphone: the internet. His Facebook page was taken down after the bombings, but Muslims in the area said his video clips had previously achieved notoriety.

His speeches went from denouncing Sufis to “kafirs”, or non-believers, in general. Zahran’s sister, Mathaniya, said in an interview that she thought “his ideas became more radical from listening to Islamic State views on the Internet”.

In one undated video, Zahran, in a white tunic and standing in front of an image of flames, boomed in a loud voice: “You will not have time to pick up the remains of blown-up bodies. We’ll keep sending those insulting Allah to hell.”

“HARD TO TAKE”

Zahran spoke in Tamil, making his words available to young Muslims clicking on their cellphones in Kattankudy and other towns like it during a period when, in both 2014 and 2018, reports and images spread of Sinhalese Buddhists rioting against Muslims in Sri Lanka.

In 2017, Zahran’s confrontations boiled over. At a rally near a Sufi community, his followers came wielding swords. At least one man was hacked and hospitalized. The police arrested several people connected to Zahran, including his father and one of his brothers. Zahran slipped away from public view.

That December, the mosque Zahran founded released a public notice disowning him. Thaufeek, his friend from school, is now the head. He counted the places that Zahran had been driven away from – his school, the Dharul Athar mosque and then, “we ourselves kicked him out, which would have been hard for him to take”.

The next year, a group of Buddha statues was vandalized in the town of Mawanella, about five hours drive from Kattankudy. There, in the lush mountains of Sri Lanka’s interior, Zahran had taken up temporary residence.

“He was preaching to kill people,” said A.G.M. Anees, who has served as an imam at a small mosque in the area for a decade. “This is not Islam, this is violence.”

Zahran went into hiding once more.

On the Thursday morning before the Easter Sunday bombings, Zahran’s sister-in-law knocked on the door of a neighbor who did seamstress work near Kattankudy. She handed over a parcel of fabric and asked for it to be sewn into a tunic by the end of the day.

“She said she was going on a family trip,” said the neighbor, M.H. Sithi Nazlya.

Zahran’s sister says that her parents turned off their cellphones on the Friday. On Sunday, when she visited their home, they were gone.

She does not know if Zahran arranged for them to be taken somewhere safe. Or why he would have carried out the bombing.

But now in Kattankudy, and in many other places, people are talking about Mohamed Hashim Mohamed Zahran.

(Reporting by Tom Lasseter and Shri Navaratnam; Additional reporting by Sanjeev Miglani, Shihar Aneez and Alasdair Pal; Editing by John Chalmers and Alex Richardson)

Source: OANN

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A Wells Fargo logo is seen in New York City
FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith

April 26, 2019

By Jessica DiNapoli and Imani Moise

NEW YORK (Reuters) – Wells Fargo & Co’s board has retained executive search firm Spencer Stuart to hunt for a new chief executive, ideally a woman who can tackle its regulatory and public perception issues, two people familiar with the matter said.

Wells Fargo’s ambition to become the only major U.S. bank with a female CEO underscores the need to restore its image with a wide range of constituents, including customers, shareholders, regulators and politicians, after it became mired in a scandal in 2016 for opening potentially millions of unauthorized accounts.

Former CEO Tim Sloan left abruptly last month, becoming the second CEO to leave the bank in the scandal’s fallout.

The board plans to approach Citigroup Inc’s Latin America chief Jane Fraser, one of the sources said. During Fraser’s 15-year tenure at Citigroup, she has gained experience running consumer and commercial businesses as well as its private bank.

Fraser could not be immediately reached for comment.

The board also discussed approaching JPMorgan Chase & Co’s Marianne Lake, but after the bank named her to run JPMorgan’s consumer lending business last week, that option became less viable, the source added. The board wants someone who can convince regulators, employees, investors and customers that the bank has fixed problems underpinning the sales scandal, the sources said.

The bank’s board feels that choosing a woman might please lawmakers in Washington who have been critical not only of Wells Fargo’s misbehavior, but of the broader banking industry for a lack of diversity and gender equality, said the sources, who spoke on the condition of anonymity.

It also believes that such a move could bolster Wells Fargo’s image with the households of customers where women play a leading role in managing finances, one of the sources added.

The new CEO will also have to resolve litigation and regulatory matters. There are 14 outstanding consent orders with government entities, as well as probes by the U.S. Securities and Exchange Commission, the Department of Labor and the Department of Justice.

To be sure, Spencer Stuart will approach and consider several male candidates for the CEO job as well, one of the sources said. The top priority is to find an external candidate who can navigate the bank’s regulatory issues, the source added.

Finding an outsider who meets all those qualifications and wants the job will be difficult, the sources said. There are few people with the necessary experience, even fewer of those who are women, and it is not clear if any of the obvious candidates would be open to taking the role.

The sources asked not to be identified because Wells Fargo’s board deliberations are confidential.

Spokespeople for Wells Fargo and Spencer Stuart declined to comment.

Wells Fargo’s board has not made any public statements about its requirements for a new CEO, beyond Chair Betsy Duke saying the job should attract the “top talent in banking.”

The board wants to complete the search within the next three to six months, one of the sources said.

STALLED SHARES

After Sloan’s ouster, Wells Fargo’s board appointed Allen Parker, who had been general counsel, as interim CEO. The board has said it is looking for an external candidate as a permanent replacement. It is not clear whether Parker will stay at the bank.

Others whose names have been mentioned by analysts, recruiters and industry sources as perspective CEO candidates include Alphabet Inc finance chief Ruth Porat and Bank of America Corp’s chief technology officer Cathy Bessant.

Wells Fargo shares have stalled since Sloan’s departure on March 29th, while the KBW Bank index has rallied more than 7 percent.

Wells Fargo would be “the best stock on earth to buy” if it had the right CEO, said Greg Donaldson, chairman of Donaldson Capital Management in Indiana.

Donaldson held about 50,000 Wells Fargo shares, but sold the stake last year as problems mounted. The CEO change could convince him to re-invest, depending on who it is, he told Reuters.

“It would be very smart for them to get a woman,” he said.

(Reporting by Jessica DiNapoli and Imani Moise in New York; Editing by Lauren Tara LaCapra, Greg Roumeliotis and Susan Thomas)

Source: OANN

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A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

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