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Tesla’s Elon Musk to square off with SEC in court at contempt hearing

FILE PHOTO: Tesla and SpaceX CEO Musk participates in a
FILE PHOTO: Tesla and SpaceX CEO Elon Musk participates in a "fireside chat" at the National League of Cities (NLC) 2018 City Summit in Los Angeles, California, U.S. November 8, 2018. REUTERS/Kyle Grillot/File Photo

April 4, 2019

By Brendan Pierson and Jonathan Stempel

NEW YORK (Reuters) – Lawyers for Tesla Inc Chief Executive Elon Musk will argue on Thursday that he did not violate a fraud settlement with the U.S. Securities and Exchange Commission and should not be held in contempt, the latest twist in a high-profile battle between the billionaire and the government.

Musk’s fight with the SEC, to play out in a Manhattan federal court hearing, has raised investor worries that it could lead to restrictions on his activities or even his removal from Tesla, while distracting him at a pivotal point in the electric car maker’s expansion.

Tesla, which built its reputation on luxury cars, has faced several production challenges with its Model 3 sedan, which it is counting on to reach the mass market, recently offering a version starting at $35,000.

The SEC on Feb. 25 accused Musk of violating his Oct. 2018 settlement by posting material information about Tesla on Twitter six days earlier, without first seeking approval from company lawyers.

Musk has countered that the information was not material, and did not need to be vetted.

The battle concerns a tweet that Musk sent to his more than 24 million Twitter followers: “Tesla made 0 cars in 2011, but will make around 500k in 2019,” meaning 500,000 vehicles.

Four hours later, Musk corrected himself, saying annualized production would probably be around 500,000 by year end, with full-year deliveries totaling 400,000.

The SEC said the earlier tweet contrasted with Tesla’s Jan. 30 forecast that it would deliver about 400,000 vehicles this year.

Musk’s lawyers countered that the earlier tweet merely restated a forecast he had given on Jan. 30, when he said Model 3 production could total 350,000 to 500,000 vehicles.

They have also said the SEC had conceded during settlement talks that Musk did not need pre-approval for all tweets about his Palo Alto, California-based company.

It is rare for the SEC to seek a contempt finding, though some legal experts said the regulator has a strong case over Musk’s earlier tweet.

“It seems pretty clear that this particular tweet was not run through the scrubbing system that Tesla was supposed to have in place,” said Stephen Diamond, who teaches securities law at Santa Clara University School of Law.

MUSK SAYS SEC ‘BROKEN’

A contempt finding by U.S. District Judge Alison Nathan could subject Musk to new sanctions such as a higher fine or removal from Tesla’s board or as chief executive, legal experts said.

James Cox, a Duke University law professor, said Nathan was unlikely to impose a severe penalty such as giving up control over Tesla.

“We have to understand that Tesla is at a very important point in its history, and I don’t think any judge would want to be viewed in hindsight as the cause of the demise of Tesla,” he said.

“She could give him a good tongue-lashing, and tell him this is it, and next time she’s not going to be so nice,” Cox added.

The settlement resolved an SEC lawsuit that accused Musk of violating securities laws by tweeting last Aug. 7 that he had “funding secured” to take Tesla private at $420 per share.

That tweet sent Tesla’s share price up as much as 13.3 percent. Musk’s privatization plan was at best in an early stage, however, and financing was not in place.

In settling, Musk agreed to step down as Tesla’s chairman, and the company said it would adopt procedures to oversee all of Musk’s communications, regardless of format, and pre-approve written communications that could be material to the company.

Tesla and Musk also agreed to each pay $20 million civil fines.

The legal battle, which began in September, has not stopped Musk from being an outspoken critic of the SEC.

He has since labeled the SEC the “Shortseller Enrichment Commission,” recalling his attacks against hedge funds and other investors who sell Tesla stock short, hoping it will fall.

In a December interview with CBS’s “60 Minutes,” Musk said he did not have respect for the SEC. He also said his tweets had not been reviewed in advance since the settlement.

And in the early morning of Feb. 26, after the SEC filed its contempt motion, Musk tweeted: “Something is broken with SEC oversight.”

(Reporting by Brendan Pierson and Jonathan Stempel in New York; Editing by Noeleen Walder and Lisa Shumaker)

Source: OANN

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Chile court orders Catholic Church to compensate victims

An appeals court in Chile has ruled that the Roman Catholic Church must pay compensation to three victims of the Rev. Fernando Karadima, the country's most notorious pedophile priest.

The court in the Chilean capital said Wednesday that the church must pay about $150,000 each to Juan Carlos Cruz, Jose Andres Murillo and James Hamilton.

It overturned a lower-court ruling that found no proof of a church cover-up.

The Vatican sanctioned Karadima in 2011 by ordering him to a life of "penitence and prayer" and Pope Francis defrocked him last year.

The pope initially dismissed allegations a bishop had covered up Karadima's crimes, but later acknowledged "grave errors in judgment" and asked all active Chilean bishops to offer their resignations.

Source: Fox News World

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Germany Extends Ban on Arms Sales to Saudi Arabia

Germany has extended its current ban on arms exports to Saudi Arabia for six more months, ending on September 30, Chancellor Angela Merkel’s spokesman Steffen Seibert said on Thursday.

During that period, no new contracts will be approved, Seibert said. The decision came after Merkel met with members of her cabinet to review the policy.

The German government had placed a temporary ban on weapons sales to Saudi Arabia in October 2018, following the controversial killing of journalist Jamal Khashoggi at a Saudi consulate in Istanbul.

At the time, Merkel said that no new exports to the country would be allowed until the circumstances of Khashoggi’s death had been established. But more recently, the chancellor indicated that Germany needed to be more flexible.

Graph showing German arms exports to Saudi Arabia

Criticism From the UK and France

The ban has divided Merkel’s governing coalition, but it has also drawn criticism from France and Britain. Both countries have decried the fact that the Saudi weapons freeze also bars sales of arms manufactured in different countries that happen to have German components in them.

France’s Ambassador to Germany, Anne-Marie Descotes, said this week that Germany’s arms export policy and cumbersome licensing rules threatened future bilateral defense projects.

Descotes warned that this debate would leave companies preferring “German-free arms products” — in other words, weapons systems that did not include German components.

She also admonished Germans for treating the debate as if weapons exports were a domestic policy matter, when in fact “it has serious consequences for our bilateral cooperation in the field of defense, and for the strengthening of European sovereignty.”


Mohammed bin Salman was behind the Yemen War that has claimed the lives of over 13,000 including 3,000 children. Will the gruesome beating, murder & dismemberment of a journalist — reportedly captured by his Apple Watch — cause even establishment neocons to stop supporting the brutal Saudi regime?

Effective Measures?

In an attempt to quell these concerns, the German government agreed to extend export licenses that have already been granted for nine months, in an effort to spare these companies the costly and time-consuming process of applying for a new license.

Germany also called on France and Britain to ensure that its weapons systems deliveries to Saudi Arabia or the United Arab Emirates would not be used in the Yemen conflict.

There is also evidence that Germany’s arms export controls are ineffectual, despite France’s insistence: in February investigations by DW and others revealed that German weapons are being used in Yemen, despite Germany’s export controls.

“The re-start of arms exports to Saudi Arabia would be a fatal foreign policy signal and would contribute to the continued destabilization of the Middle East,” Green party spokesman Omid Nouripour told DW. “We need a common European arms export policy that excludes exports into war zones.”

Global Trade

According to a report released this month by the Sweden-based Stockholm International Peace Research Institute (SIPRI), arms sales to the Middle East almost doubled in the 2014-2018 period compared with 2009-2013.

Saudi Arabia received nearly 1 in 4 US weapons that were sold in the most recent period. It also imported more weapons than any other country, raking in 12 percent of global imports.

Germany increased its international arms sales by 13 percent, with German-built submarines enjoying particularly strong demand abroad.


Alex Jones gives his personal view on how the United States should intervene in South America.

Source: InfoWars

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THIS ARTICLE IS BANNED BY TWITTER: Gavin McInnes: Virginia Unite the Right Rally DISAVOWED

Gavin McInnes: Virginia Unite the Right Rally DISAVOWED Originally Published here: but republished because Twitter WILL NOT ALLOW this link to be published… This is what you get! First Alerted by @Ali article https://medium.com/@ali/why-is-twitter-blocking-this-link-that-exonerates-gavin-mcinnes-and-proud-boys-5f81bd964a3   Gavin McInnes: Virginia Unite the Right Rally DISAVOWED In a rare decision, Gavin McInnes has officially announced that the Unite the Right rally in […]

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China Slams Pompeo for Claiming Its Friendship With Latin America is ‘Pretended’

Statements by US Secretary of State Mike Pompeo about Beijing’s allegedly “pretended” friendship with the countries of Latin America are slanders that constitute a deliberate provocation, Chinese Foreign Ministry spokesman Lu Kang said on Monday, adding that China strongly opposed such claims.

“The cooperation between China and Latin America is based on the principles of mutual respect, equality and mutual benefit. It is focused on common development. China has made a significant contribution to the economic development and the improvement of living conditions of peoples of Latin America… State Secretary Pompeo’s statements regarding China’s relations with Latin American countries are baseless slander and deliberate provocation, his statements are meaningless and unfounded. We strongly oppose this,” Lu said at a briefing.


China has been exposed for trying to export electronics to the US that have the ability to spy for the Chinese government. Former NSA whistle blower William Binney joins Alex to discuss the future of 5G technology.

The diplomat stressed that China’s position on the situation in Venezuela remained unchanged and corresponded to the principles of the UN Charter.

During his visit to Chile last week that aimed to boost opposition to the Venezuelan legitimate authorities in the region, Pompeo said that he considered Russia and China to be “pretended friends” of Latin America, claiming that the two countries “spread disorders” on the continent by cooperating with local leaders in exchange for political and economic influence.

(Photo by Gage Skidmore / Wiki)

Russia and China have been among the countries that voiced their support for Nicolas Maduro as Venezuela’s only legitimate president after US-backed opposition leader Juan Guaido illegally declared himself the country’s interim president in January. The United States and many other countries immediately endorsed Guaido and called on Maduro to step down. The Venezuelan president, in turn, accused the United States of trying to orchestrate a coup in order to bring to power Guaido, whom he calls “a US puppet.”


Big Tech is immune to F.O.I.A. requests in certain cases of wrongdoing so the best thing for society is to have employees of Big Tech become whistle-blowers. Dr. Nick Begich hosts and breaks down how whistle-blowing may just save the future of free speech.

Source: InfoWars

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Kabul summons diplomat over remarks by Pakistan’s Khan

FILE PHOTO: Cricket star-turned-politician Imran Khan, chairman of Pakistan Tehreek-e-Insaf (PTI), speaks after voting in the general election in Islamabad
FILE PHOTO: Cricket star-turned-politician Imran Khan, chairman of Pakistan Tehreek-e-Insaf (PTI), speaks after voting in the general election in Islamabad, July 25, 2018. REUTERS/Athit Perawongmetha/File Photo

March 16, 2019

KABUL (Reuters) – Afghanistan summoned a senior Pakistani diplomat on Saturday to account for remarks by Prime Minister Imran Khan speculating about a new government in Kabul following a possible peace settlement.

The summons by the Afghan foreign affairs ministry marked the second time in just over three weeks that Kabul has demanded an explanation from Pakistan, illustrating the longstanding tensions between the two neighbors at a sensitive time.

Khan, at a rally in Bajaur, in northwestern Pakistan on Friday, predicted “mutual peace” in Afghanistan as an outcome of recurring talks between the United States and the Taliban to end the country’s 17-year-old war.

“A good government will come in Afghanistan,” Khan said. “I mean a government will come in which all will be represented. War will end and there will be peace.”

The Afghan ministry summoned Pakistan’s counselor to clarify the remarks, spokesperson Sibghatullah Ahmadi tweeted.

“Afghanistan expressed its grave objection on Pakistan’s government and deemed such remarks a flagrant interference in its internal affairs,” he said.

In February, the ministry summoned Pakistani ambassador Zahid Nasrullah Khan over his remarks that Afghan peace talks could be affected if India resorted to violence against Pakistan.

The summons to Pakistan comes a day after a top official in President Ashraf Ghani’s government voiced frustration about what Kabul regards as Afghanistan being sidelined during talks between Taliban and U.S. negotiators, drawing a rebuke from Washington.

The latest round of peace talks ended on Tuesday, with both U.S. and Taliban officials saying progress was made.

Tensions have been building between Kabul and Washington over U.S. efforts to forge a peace pact with the Taliban that includes a U.S. troop withdrawal, something that Kabul fears could weaken its own negotiating position.

(Reporting by Rod Nickel in Kabul and James Mackenzie in Islamabad, Editing by William Maclean)

Source: OANN

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Saudi women activists’ trials to continue after 3rd hearing

Nearly a dozen Saudi women's rights activists, most of them imprisoned, attended their third court session and were told their trials will continue for at least two more weeks.

People with knowledge of the trials say most of the women were told by the Riyadh criminal court on Wednesday their next court session would be in two weeks. They spoke with the AP on condition of anonymity for fear of reprisal.

Meanwhile, two women who were granted temporary release last week— Aziza al-Yousef and Eman al-Najfan— were told their next court session would take place after the Muslim holy month of Ramadan, which coincides with early June. The king traditionally issues pardons after Ramadan, however such pardons do not typically include political detainees.

Source: Fox News World

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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