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Algerian protesters keep up pressure on Bouteflika

FILE PHOTO: Lawyers carry a national flag as they march during a protest to demand the immediate resignation of President Abdelaziz Bouteflika, in Algiers
FILE PHOTO: Lawyers carry a national flag as they march during a protest to demand the immediate resignation of President Abdelaziz Bouteflika, in Algiers, Algeria March 23, 2019. REUTERS/Ramzi Boudina

March 26, 2019

By Hamid Ould Ahmed

ALGIERS (Reuters) – About 2,000 people rallied in central Algiers on Tuesday calling for the resignation of President Abdelaziz Bouteflika, keeping up the pressure after weeks of protests that threaten to topple him and the ruling elite which has helped keep him in power for 20 years.

Bouteflika, one of the veterans of the 1954-1962 war of independence against France who dominate the country, bowed to protesters this month by reversing a decision to seek another term and postponing elections that had been scheduled for April.

But Bouteflika stopped short of quitting as head of state and said he would stay on until a new constitution is adopted, effectively extending his current term.

The move failed to placate hundreds of thousands of Algerians who have taken to the streets for nearly five weeks to demand that Bouteflika quit along with his allies.

Some key partners such as members of his ruling party and business tycoons have abandoned Bouteflika, increasing the isolation of a leader who has rarely been seen in public since suffering a stroke in 2013

“The system must go. There is no point for it in resisting,” said Belkacem Abidi, 25, one of the thousands of protesters, most of them students, who gathered in downtown Algiers on Tuesday.

MILITARY’S INFLUENCE

Even if Bouteflika is pushed out, Algerians could face uncertainty for some time before a new president emerges to head the vast North African country, a major oil and gas producer.

One of the most important factors is the position of the powerful military, which could act as kingmaker, as it has done in past decades.

So far the chief of staff has distanced the army from Bouteflika and praised protesters.

Any direct action to help Algerians oust him could be perceived as a military coup by an institution which prefers to manipulate politics from behind the scenes.

(Writing by Michael Georgy; Editing by Angus MacSwan)

Source: OANN

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Schiff refuses to back down on claims against Trump, says he has no regrets

Rep. Adam Schiff, D-Calif., blasted Republicans calling him to step down from his post as chair of the House Intelligence Committee for his repeated claims of collusion between President Trump’s 2016 campaign and Russian operatives.

Schiff on Sunday refused to back down from his claims that the evidence of wrongdoing by Trump “is in plain sight” and said he has no regrets calling out the president for what he believes is “deeply unethical and improper conduct.”

“I think there is a different standard here between the Republicans and the Democrats,” Schiff said during an interview on CNN’s “State of the Union.” “The Republicans seem to think that as long as you can't prove it's a crime, all is fair in love and war...I don't feel that way, I don't think most Americans feel that way.”

ADAM SCHIFF REJECTS REPORTS MUELLER INDICTMENTS ARE OVER, SAYS SPECIAL COUNSEL COULD BE CALLED TO TESTIFY 

For two years, Schiff routinely sounded ominous warnings about what Special Counsel Robert Mueller might find on Trump.

In March 2017, Schiff told MSNBC that "there is more than circumstantial evidence now" of a relationship between Russia and Trump's associates. In December of that year, Schiff said on CNN: "The Russians offered help, the campaign accepted help. The Russians gave help and the president made full use of that help. That is pretty damning, whether it is proof beyond a reasonable doubt of conspiracy or not."

And in May of last year, Schiff said on ABC that the Russian hacking of Democratic National Committee emails is "like Watergate in the sense that you had a break in at the Democratic headquarters, in this case a virtual one, not a physical break in, and you had a president as part of a cover up." Schiff said later that the Russia investigation is "a size and scope probably beyond Watergate."

Despite Schiff’s claims, Mueller found no evidence of coordination or conspiracy involving Trump, his campaign and the Russian government, Attorney General William Barr wrote in a letter released late last month.

Now Trump’s Republican allies – from White House adviser Kellyanne Conway to House Minority Leader Kevin McCarthy – are calling on Schiff to do everything from vacating his committee chairmanship to leaving office.

MUELLER NOT RECOMMENDING FURTHER INDICTMENTS AFTER REPORT TURNOVER

“He owes an apology to the American public," McCarthy said. “There is no place in Adam Schiff's world or in Congress that he should be chair of the intel committee."

McCarthy added: "There is no way he could lead the intel committee and he should step back."

Schiff remains steadfast in his claims that there is evidence of wrongdoing “in plain sight.”

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“I don't regret calling out this president for what i consider deeply unethical and improper conduct and the moment we start to think that we should back away from exposing this kind of malfeasance and corruption is a dangerous point,” he said.

Schiff added: “There is a risk when you have an immoral president, a president who lacks in basic character who violates the norms of office. There is even a greater risk in doing too little oversight. I make no apologies for that and I’m going to continue holding this administration responsible.”

Source: Fox News Politics

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How Banks Mess With Your Head

Human action and the interest rate

People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available in, say, one month. This is expressive of time preference — which is an undeniable fact, a category of human action.

The sentence “Humans act” is a logically irrefutable truth. It cannot be denied without causing a logical contradiction. By saying “Humans can not act”, you act and thus contradict your very statement.

From the true insight that humans act we can deduce that human action takes place in time. There is no timeless human action. Were it otherwise, people’s goals would be instantaneously reached, and action would be impossible — but we cannot think that we cannot act.

The market interest rate is expressive of time preference, and as such, it is also a category of human action. If determined in an unhampered market, the (natural) market interest rate denotes the discount that future goods are subject to relative to present goods.

If one US-dollar available in a year is trading at, say, 0.95 US-dollar, it means that the market interest rate is 5.0% (the calculation is: [0.95 / 1 – 1]*100).

Should people start valuing present goods more highly than future goods — which is expressive of a rise in time preference —, the discount on future goods vis-à-vis present goods and thus the market interest rate go up.

If peoples’ time preference declines, the discount on future goods vis-à-vis present goods drops, and so does the market interest rate — meaning that people wish to save more and consume less out of their current income.

The interest rate and central banking

In an unhampered market, the market interest rate reflects peoples’ time preference. Nowadays, however, the market interest rate is no longer determined in an unhampered market. It is dictated by the central bank.

Central banks set short-term interest rates by providing commercial banks with credit. In doing so, they exert a strong influence on short-term interest rates. In more recent years, central banks have also been determining long-term interest rates through bond purchases.

The rather uncomfortable truth in this context is that central banks, in close cooperation with commercial banks, keep issuing new money produced through bank credit that is not backed by real savings.

The purpose of such a money-increase-through-credit-creation-scheme is to bring down the interest rate: to deliberately suppress it to a level that is lower than the level of the market interest rate determined in a free market.

This has far-reaching consequences. The artificially lowered market interest rate tempts people to save less and consume more – compared to a situation in which the market interest rate had not been artificially lowered.

As savings decline and consumption increases, the lowered market interest rate causes new investment, and the result is an artificial economic upswing. However, such a “boom” is not sustainable, and at some point it will have to turn into a recession (“bust”).

This is, in a nutshell, what the Austrian Business Cycle Theory (ABCT) says about the consequences of the central banks’ meddling with the market interest rate. However, there is much more that the ABCT reveals.

Central banking and valuation

In fact, the ABCT tells us that central banks, by manipulating the market interest rate, tinker with humans’ valuation scales. Pushing down the market interest rate does not only result in declining borrowing costs or rising stock and housing prices.

These are merely symptoms of a more profound and most elementary cause — namely central banks influencing the way people value the present satisfaction of wants relative to the future satisfaction of wants and act accordingly thereupon.

Through artificial depression of the market interest rate, people are compelled to value present consumption higher than future consumption. In fact, they are compelled to care less about the future and more about the present.

Saving for future needs is discouraged, consuming in the present is encouraged. Furthermore, artificially lowered interest rates persuade people to give up a debt-free life and run into credit to bring forward future consumption to the present.

The disconcerting insight is that such an increased valuation of present needs relative to future needs affects all fields of human action — such as peoples’ valuation of, e.g. education, family, manners, you name it.

The artificially lowered market interest rate makes it less attractive for the individual to spend hours learning, as it would mean reducing present consumption in the form of leisure time. As a result, the quality of general education can be expected to decline.

Starting a family appears to become more self-sacrificing and burdensome — as parents have to forego present consumption. Also, divorce increasingly seems to be an appealing way out of current relationship problems.

Having good manners — getting out of somebody’s way, saying good morning, helping a stranger across the street, and so on — is considered less rewarding, as it often means restricting present consumption, forgoing potentially higher consumption in the future.

Valuation and human action

By directly influencing peoples’ valuation scales through the manipulation of market interest rates, central banks affect every aspect of peoples’ lives. It amounts to a “Revaluation of all Values”, to use a term coined by the German philosopher Frederick Nietzsche.

It should be easy now to see that the root cause of many severe defects in social matters can be directly or indirectly traced back to central banking. There should not, actually cannot, be any presumption of innocence as far as central banking is concerned.

As a final point, let us address the issue of “speculative bubbles” in financial markets. Of course, prices sometimes overshoot or undershoot, inflate and then deflate, as investors try to bring a financial assets’ price in line with its estimated value.

Fear and greed, panic and optimism, stupidity and wisdom, all play a role in forming financial asset prices — as people are what they are. However, it is central banking that drives peoples’ dispositions and actions to extremes.

By pushing down the market interest rate below its natural level — which becomes chronic if and when the money supply is increased through bank credit expansion not backed by real savings —, central banks inevitably coax investors into becoming overly high-spirited.

In that sense, central banks are to be held responsible for aggravating, or even inducing, speculative bubbles. To make it even worse: Once the speculative bubble pops, people become dispirited. They blame the free market or capitalism for their plight.

They do not see — often misguided by mainstream economics — that the root cause of the trouble is central banks’ downward manipulation of market interest rates in the first place, which is made possible by central banks running an unbacked paper money system.

To conclude: The indisputable insight that central banking brings about a “Revaluation of all Values”, which is neither in the economic interest of the people nor ethically justifiable, should encourage efforts to put an end to central banking.

Any such effort must propagate the intellectual insight that central banking is very harmful to the society, and it also requires truly bold and determined action, for “We know that no one ever seizes power with the intention of relinquishing it,” as George Orwell put it.



Comedian Tommy Sotomayor joins Owen Shroyer on The War Room to expose SJWs’ inability to reason logically, unless it fits their political narrative.

Source: InfoWars

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Reuters reporter takes heat for sitting on Beto O’Rourke hacker story until after Senate race against Cruz

Reuters is facing ethical questions after admitting that reporter Joseph Menn sat on an unfavorable story about media darling Beto O’Rourke until after his crucial Senate race against Ted Cruz.

Reuters published its report Friday on the “Cult of the Dead Cow,” a famous group of hackers credited with inventing the term “hacktivism,” and revealed that now-2020 presidential candidate O'Rourke was a member. The group is responsible for a variety of shady activity like stealing credit card numbers to pay for long-distance telephone service, violating copyright laws and hacking into computers, according to the report, which stressed that O'Rourke himself never "engaged in the edgiest sorts of hacking activity."

NBC’S SETH MEYERS MOCKS MSNBC’S BETO O’ROURKE COVERAGE: ‘WOW, HARD-HITTING STUFF YOU GUYS’

The report also revealed that a teenage Beto, in connection with the group, wrote bizarre fiction stories under the name “Psychedelic Warlord” -- including one story detailing the murder of two children.

The report was embarrassing for O’Rourke, who expressed regret for his past actions and writings shortly after the article's publication.

But the reporter, it turns out, knew about this history since 2017 -- and sat on it. According to Menn, members of the hacking group were protecting O'Rourke's identity and wouldn't confirm his affiliation unless the reporter promised not to write about it until after the November election. They apparently struck a deal.

Reuters reporter Joseph Menn agree to sit on an unfavorable story about Beto O’Rourke until his Senate race was over.

Reuters reporter Joseph Menn agree to sit on an unfavorable story about Beto O’Rourke until his Senate race was over.

“After more than a year of reporting, Menn persuaded O’Rourke to talk on the record. In an interview in late 2017, O’Rourke acknowledged that he was a member of the group, on the understanding that the information would not be made public until after his Senate race against Ted Cruz in November 2018,” Reuters wrote Friday in a piece headlined, “Backstory: How Reuters uncovered Beto O'Rourke's teenage hacking days.”

THIS IS CNN? PRIMETIME SHOWS FILLED WITH LIBERAL OPINION, NOT STRAIGHT NEWS AS NETWORK CLAIMS

Cruz – who defeated O’Rourke – took to Twitter to vent over Reuters' decision.

“So Reuters had evidence in 2017 that Beto may have committed multiple felonies -- which Beto confirmed on the record -- but deliberately withheld the story for over a year to help him win his Senate race? But when he’s running against Bernie etc, NOW it’s news?” Cruz tweeted.

“This is -- yet again -- a chilling example of just how pervasive the liberal media bias is today. It’s not just in how they report stories, but when and the standards they use to employ for that coverage. At every turn conservatives are held to a different standard than liberals,” conservative strategist Chris Barron told Fox News.

Reuters defended the outlet's handling of the story when reached for comment Monday.

BETO HAUNTED BY PAST ON CAMPAIGN TRAIL, DESPITE CONTROVERSIAL RNC TWEET

“While he was on leave from Reuters and writing a book on the Cult of the Dead Cow, Joe Menn made an agreement regarding the embargo date of his interview with Beto O’Rourke. This is a common arrangement between journalists and sources, which we described in detail in a Reuters Backstory article on Friday,” a Reuters spokesperson told Fox News.

Menn attempted to explain the situation in a series of tweets, saying nobody would discuss O’Rourke’s involvement until he promised not to jeopardize his chance at unseating Cruz -- but he was fine with it because he wanted the information for his book.

BETO O'ROURKE SAYS HE NEVER TOOK LSD, PROMISES TO STOP USING PROFANITIES

“That was OK: I wanted the full story for my book, which spans decades, rather than 1 scoop ahead of a state vote. I offered O’Rourke the same terms. He accepted, and we spoke,” Menn wrote.  “No one thought he would lose the Senate race & immediately enter onto an even bigger stage, but here we are, and the embargo is up. The book is out soon, O’Rourke is running for president, and people should hear the missing part of his story.”

But conservative commentators were stunned.

Mark Levin called it “another shocking media fraud,” while radio host Hugh Hewitt said the move is “troubling.”

“This is a weak attempt to cover his own backside. He wanted to be first to break the story about Beto after he announced for President so he went ahead and did so on Friday. Then when it got out that he hid the story in 2018, he starts using his book as an excuse. It doesn’t add up,” RedState’s Bonchie wrote. "If he truly wanted to save it for his book he would have, you know, actually saved it for his book."

“This is why people do not trust the media,” Daily Wire reporter Ryan Saavedra wrote.

“Walter Cronkite used to claim that the media reported the news straight and let the chips fall where they may. But they don't. Liberals hold their chips like they're always playing political poker. Transparency is often delayed, or never employed,” Media Research Center director of media analysis Tim Graham wrote about Menn’s decision.

Fox News’ Liam Quinn contributed to this report.

Source: Fox News Politics

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U.S. Treasury curve inverts after PMI data misses estimates

Traders work on the floor at the NYSE in New York
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid

March 22, 2019

By Kate Duguid

NEW YORK (Reuters) – The spread between three-month Treasury bills and 10-year note yields inverted on Friday for the first time since 2007 after U.S. manufacturing data missed estimates.

The three-month 10-year yield spread, the Federal Reserve’s preferred measure of the yield curve, narrowed to minus 0.56 basis points. An inverted yield curve is widely understood to be a leading indicator of recession.

The Markit Purchasing Managers’ Index report, which tracks activity in the U.S. manufacturing sector, on Friday disappointed investors, with the headline index down 0.5 percent to 52.5 versus the expected 53.6. Earlier, Germany reported that domestic manufacturing contracted further in March, driving the benchmark 10-year U.S. government bond below zero and adding to fears of a global slowdown in growth.

The soft data exacerbated a trend that began on Wednesday after the Fed issued a statement showing policymakers foresaw no further rate hikes for 2019 given the slowdown in the American economy.

“The reality is the market is now expecting lower rates on average over the next 10 years than we have currently. And it’s a combination both of a dovish Fed and also ongoing global growth concerns,” said Jon Hill, U.S. rates strategist at BMO Capital Markets.

“We’re clearly beginning to see green shoots of the end of this cycle. It’s now a question of timing and if the Fed’s dovish pivot will be sufficient to either delay or moderate the recession.”

(Reporting by Kate Duguid; Editing by Chizu Nomiyama and David Gregorio)

Source: OANN

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New York Post’s front page calls out Rep. Ilhan Omar’s 9/11 comments: ‘Here’s your something’

The New York Post on Thursday hit back at Rep. Ilhan Omar, D-Minn., following her recent comments on the September 11, 2001 terror attacks on the U.S.

The dramatic front page had an infamous photo of New York City’s Twin Towers on fire on the day of the attacks. The towers collapsed after they were hit by planes that were hijacked. Nearly 3,000 people were killed in the attacks.

CRENSHAW CALLS OUT OMAR FOR DESCRIBING 9/11 ATTACKS AS ‘SOME PEOPLE DID SOMETHING’

The page read: “Rep. Ilhan Omar: 9/11 was ‘some people did something.’”

“Here’s your something: 2,977 people dead by terrorism.”

The cover of the New York Post on Thursday, April 11, 2019.

The cover of the New York Post on Thursday, April 11, 2019. (New York Post)

WHITE HOUSE RIPS OMAR FOR CALLING STEPHEN MILLER A 'WHITE NATIONALIST,' HIGHLIGHTS HER 'HISTORY OF ANTI-SEMITIC COMMENTS

The bottom of the cover read in small lettering: “Omar outraged the families of 9/11 victims by referring dismissively to the terrorist attacks while speaking to a Muslim lobbying group.”

The Post was referring to Omar’s recent comments at the Council of American-Islamic Relations [CAIR] fundraiser last month where she called upon other Muslim-Americans to “make people uncomfortable” with their activism. However, another part of the speech surfaced on social media this week in which Omar described the terror attacks perpetrated by Al Qaeda.

“CAIR was founded after 9/11 because they recognized that some people did something, and that all of us were starting to lose access to our civil liberties,” Omar said at the event.

Her comments prompted a response from Rep. Dan Crenshaw, R-Texas, a former Navy SEAL who lost his right eye after being injured by an IED in Afghanistan.

“First Member of Congress to ever describe terrorists who killed thousands of Americans on 9/11 as 'some people who did something,'” Crenshaw wrote in a tweet. “Unbelievable.”

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Omar, who became the first Somali-American elected to Congress in November, appeared on the “The Late Show with Stephen Colbert” on Wednesday night where her comments were not addressed. The freshman congresswoman told the host she was still “learning” after she was accused of making an anti-Semitic remark in February.

“The whole process really has been one of growth for me, right,” she said. “I’m learning that everything is not as simple as we might think. As I’ve said to my constituents and my colleagues, when you tell me that you are pained by something I say, I will always listen and I will acknowledge your pain.”

Fox News’ Lukas Mikelionis contributed to this report.

Source: Fox News Politics

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California AG endorses bill expanding consumer privacy protections

California Attorney General Xavier Becerra speaks about President Trump's proposal to weaken national greenhouse gas emission and fuel efficiency regulations, at a media conference in Los Angeles
FILE PHOTO: California Attorney General Xavier Becerra speaks at a media conference in Los Angeles, California, U.S. August 2, 2018. REUTERS/Lucy Nicholson

February 25, 2019

SAN FRANCISCO (Reuters) – California Attorney General Xavier Becerra on Monday endorsed a state bill that would expand the state’s new privacy act to allow consumers to sue companies over their handling of personal data, despite months of tech lobbying against such a move.

California’s data privacy law, passed last year, imposes fines of up to $7,500 on large companies for intentional failure to disclose data collection or delete user data on request, or for selling others’ data without permission.

Under the law, set to take effect next year, consumers may file complaints to the attorney general over alleged violations but can sue only in the case of a data breach. The new bill, introduced in the state legislature on Friday, would enable them to sue over any alleged violations.

“As written, the law gives California consumers new rights but denies them the ability to… defend themselves in court,” Becerra said at a joint press conference with California Senator Hannah-Beth Jackson, who authored the bill.

Several tech lobbying groups have told Reuters that allowing wide-ranging consumer privacy lawsuits is among the few legislative proposals the industry will staunchly fight in Sacramento and Washington.

The California Chamber of Commerce has said even the current privacy act “will lead to a barrage of shakedown lawsuits, as companies facing such substantial liability will be leveraged into immediate settlement, regardless of the strength of their legal defense.”

Friday’s bill would also remove a provision in the act giving businesses time to “cure” alleged violations within 30 days without penalty.

In addition, businesses would no longer be entitled to seek the opinion of the California attorney general on whether they are in compliance with the law. Instead, the attorney general’s office would publish general guidance on how to comply.

“We do not give out free legal advice… paid for by taxpayers,” said Becerra.

Many business groups are pushing for a national privacy law that would supersede state legislation before the California Consumer Privacy Act takes effect on Jan. 1, 2020.

(Reporting by Katie Paul and Paresh Dave; Editing by Dan Grebler)

Source: OANN

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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FILE PHOTO: FILE PHOTO: A Canadian dollar coin commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo/File Photo

April 26, 2019

OTTAWA (Reuters) – Canada posted a budget surplus in the first 11 months of the 2018/19 fiscal year compared to a deficit the year earlier as revenues increased mostly on higher tax incomes, the finance department said on Friday.

The surplus for April-February was C$3.1 billion, compared to a deficit of C$6 billion in the same 2017/18 period. Revenues climbed by 8.5 percent, mainly due to higher tax receipts, while program expenses rose by 4.8 percent.

The surplus for February was C$4.3 billion compared with C$2.8 billion in February 2018. Revenues jumped by 12.2 percent while program expenses posted a more modest 6.9 percent gain.

Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.

(Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama)

Source: OANN

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President Trump said Friday he would beat Joe Biden “easily” in the 2020 presidential election, suggesting the former vice president could not have enough “energy” to hold the post—taking an apparent swipe at his age.

The president, departing the White House, was asked about Biden’s entrance into the Democratic primary field. Biden announced his presidential bid early Thursday morning, marking his third attempt at the White House.

JOE BIDEN OFFICIALLY LAUNCHES 2020 PRESIDENTIAL BID

“I think we’d beat him easily,” Trump told reporters Friday.

Trump, 72, said he feels “young” and is ready for 2020, and another term for his administration.

“I feel like a young man. I am a young, vibrant man,” Trump said. “I look at Joe, I don’t know about him.”

The president’s comments seemingly were a shot at the age of Biden, who is 76.

BIDEN ENTERS WHITE HOUSE RACE WITHOUT OBAMA’S ENDORSEMENT

“I would never say anyone’s too old,” Trump said. “I know they’re all making me look very young both in terms of age and in terms of energy.”

Biden became the 20th candidate to join the crowded Democratic primary field Thursday. But Biden is not the oldest in the pack. Sen. Bernie Sanders, I-Vt., is 77 and Sen. Elizabeth Warren, D-Mass., is 69.

Should Trump be re-elected, he would be 74 on Jan. 20, 2021—Inauguration Day. Should the presidency go to one of the elder Democrats in the field—Biden would be 78; Sanders would be 79; and Warren would be 71.

Meanwhile, in a wide-ranging interview on “Hannity” Thursday night, Trump dismissed Biden’s candidacy, nicknaming him “Sleepy Joe,” and saying he’s “not the brightest bulb.” Trump also said that while the former vice president has name recognition, he won’t “be able to do the job.”

Source: Fox News Politics

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Venezuela's Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas
Venezuela’s Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas, Venezuela April 8, 2019. REUTERS/Manaure Quintero

April 26, 2019

WASHINGTON (Reuters) – The U.S. Treasury Department on Friday imposed sanctions on Venezuela’s foreign minister and a Venezuelan judge, according to a statement on the department’s website.

Foreign Minister Jorge Arreaza and a judge, Carol Padilla, were targeted over the ongoing crisis in Venezuela, the Treasury Department said, the latest in a list of officials blacklisted by U.S. authorities for their role in President Nicolas Maduro’s government.

(Reporting by Susan Heavey, Makini Brice and Lesley Wroughton; Editing by Chizu Nomiyama)

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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