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Slain Washington state deputy ID’d, mourned by community as 'one of our finest'

A small community in central Washington state on Wednesday mourned the sheriff’s deputy who was killed in a shootout with a road-rage driving suspect, remembering the veteran officer as a family man and “one of our finest.”

Sheriff's Deputy Ryan Thompson, 42, was shot dead Tuesday night after he and Kittitas police Officer Benito Chavez, 22, responded to a driving complaint and attempted to stop a vehicle. After a short pursuit, the suspect exited the car and exchanged gunfire with the officers, killing Thompson and wounding Chavez. The suspect was also shot and later died.

POLICE SHOOTOUT WITH SUSPECT IN OREGON AFTER CAR CHASE CAPTURED IN DRAMATIC VIDEO

"Our community has a very heavy heart today. Last night, we lost one of our finest," Kittitas County Sheriff Gene Dana said at a news conference Wednesday morning. It was the first fatal shooting of a law enforcement officer in the rural county in 92 years, he said.

"Our community has a very heavy heart today. Last night, we lost one of our finest."

— Kittitas County Sheriff Gene Dana

The tight-knit community of 1,500 was stunned that such violence could descend on the town, whose website brands it as a place “without the crime, noise, traffic jams and pollution of larger cities,” the Seattle Times reported.

“For this to happen here? It’s insane. You don’t get that here,” Ethan Keaton, a 17-year-old high school student, told the paper.

The body of Kittitas County sheriff's deputy Ryan Thompson is draped with a U.S. flag as it is carried out of Kittitas Valley Healthcare Hospital in the early morning hours of Wednesday, March 20 in Ellensburg, Wash. (Associated Press)

The body of Kittitas County sheriff's deputy Ryan Thompson is draped with a U.S. flag as it is carried out of Kittitas Valley Healthcare Hospital in the early morning hours of Wednesday, March 20 in Ellensburg, Wash. (Associated Press)

Mourners gathered at a memorial at Kittitas Elementary School, about a block from the shooting scene, to honor Thompson, who was born in nearby Walla Walla and attended Central Washington University, the Times reported. Heart-shaped balloons were strung along the fence with homemade signs that read: “Kittitas Strong.”

TENNESSEE OFFICER WOUNDED IN WELFARE-CHECK SHOOTOUT DIES

“Maybe you get pulled over for a DUI or speeding. You don’t get people shot here,” Josh Dunn, a 20-year-old who grew up in the town, told the paper. “I don’t even have a word for it.”

Thompson, a 15-year law enforcement veteran, is survived by his wife and three children, FOX13 Seattle reported.

Kittitas police Officer Benito Chavez, 22, was shot and wounded in a leg during a shootout with a road-rage driving suspect Tuesday night. He was listed in satisfactory condition Wednesday morning.

Kittitas police Officer Benito Chavez, 22, was shot and wounded in a leg during a shootout with a road-rage driving suspect Tuesday night. He was listed in satisfactory condition Wednesday morning. (Ellensburg Police Department)

Chavez was shot in a leg and suffered a shattered femur, Ellensburg Police Chief Ken Wade said. He was airlifted to a hospital following the shootout and was listed in satisfactory condition Wednesday morning. He and his wife are expecting their first child, the FOX13 reported.

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The suspect, who has not been identified, was shot and later died at a hospital. Authorities did not immediately provide information on how many times the suspect was shot or how many shots were fired overall.

Wade said authorities have no other information besides the road-rage incident for what might have prompted the suspect to flee and exchange gunfire with the officers.

The Associated Press contributed to this report.

Source: Fox News National

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Cop, teacher, others accused of trying to lure teens for sex

A New Jersey police officer and a New York City high school teacher are among 16 men who allegedly tried to set up sexual encounters with people they thought were teenage boys and girls.

New Jersey Attorney General Gurbir announced the arrests Wednesday. They were made as part of "Operation Home Alone," a multiagency undercover sting that targeted people who allegedly used social media in an attempt to lure children.

Gurbir said most of the defendants were arrested when they arrived at a residence in Bergen County, where they expected to find the victim home alone. The arrests were made from April 11-15.

The defendants face various charges including luring and attempted sexual assault.

Source: Fox News National

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Family of boy thrown from Mall of America balcony won’t comment on child’s injuries despite ‘miracle’ claim

The family of the 5-year-old boy who was thrown off a third-floor balcony at the Mall of America earlier this month won’t comment on a pastor’s statement that the child miraculously showed “zero evidence” of a brain injury.

Stephen Tillett, an attorney for relatives of Landen Hoffman, said during a news conference Tuesday he was not authorized to confirm or deny comments made by Pastor Mac Hammond in a video posted to Facebook, the Star Tribune reported.

FAMILY OF BOY THROWN FROM MALL OF AMERICA BALCONY THANKS SUPPORTERS FOR PRAYERS

Hammond, pastor of the Living World Christian Center in Brooklyn Park, Minn., where the boy’s grandparents attend services, said the boy’s grandfather told him an MRI indicated no brain damage, spinal cord injury, nerve damage or other life-threatening internal injuries.

Landen Hoffman, the 5-year-old boy who was thrown nearly 40 feet from the third story balcony at the Mall of America, is said to be making a miraculous recovery.

Landen Hoffman, the 5-year-old boy who was thrown nearly 40 feet from the third story balcony at the Mall of America, is said to be making a miraculous recovery. (Christian Broadcasting Service)

According to Hammond, the grandfather told him one of the attending physicians said, “This is truly a miracle. It’s like he fell off a bicycle instead of off the third floor of the mall.”

Tillitt said he couldn't confirm or deny Hammond’s comments, as it would invade the Hoffmans' privacy, but he clarified that the bicycle remark referred to the boy’s facial injuries, not his overall condition.

MINNESOTA TODDLER TOSSED FROM BALCONY HAVING MIRACULOUS RECOVERY, PASTOR SAYS

“The family is in a position where any comment to confirm or deny would be intruding on the realm of the privacy they want,” Tillitt said. "To start going into details of any kind, confirming or denying, means that the privacy has been intruded upon.

“This is a young child whose health is now becoming public, and the family realizes that what’s public today will be public in 20 years.”

This undated photo provided by the Bloomington, Minn., Police Department, shows Emmanuel Deshawn Aranda, who was arrested in connection with an incident at the Mall of America where a 5-year-old boy plummeted three floors Friday, April 12, 2019, after being pushed or thrown from a balcony. 

This undated photo provided by the Bloomington, Minn., Police Department, shows Emmanuel Deshawn Aranda, who was arrested in connection with an incident at the Mall of America where a 5-year-old boy plummeted three floors Friday, April 12, 2019, after being pushed or thrown from a balcony.  (Bloomington Police Department via AP)

Landen remains under sedation in intensive care, with more testing to come, Tillitt said.

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A GoFundMe page created by a friend of the Hoffman family has raised nearly $1 million for Landen’s healing process.

Emmanuel Deshawn Aranda, 24, of Minneapolis, has been charged with attempted premeditated first-degree murder for the April 12 incident. He is being held in lieu of $2 million bail at the Hennepin County Jail.

Fox News' Danielle Wallace contributed to this report.

Source: Fox News National

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Billionaire Branson hopes aid concert opens Venezuela’s borders

Sir Richard Branson listens to a question at the unveiling of the Virgin Voyages ship in New York
FILE PHOTO: Sir Richard Branson listens to a question at the unveiling of the Virgin Voyages ship in New York, U.S., February 14, 2019. REUTERS/Shannon Stapleton

February 21, 2019

(Reuters) – Billionaire entrepreneur Richard Branson on Wednesday said he hopes a concert in Colombia aimed at raising money for crisis-wracked Venezuela will encourage the country’s soldiers to defy orders from President Nicolas Maduro and let humanitarian aid cross the border.

Some 250,000 people are expected at Friday’s concert in the Colombian border town of Cucuta that organizers say will raise about $100 million to buy food and medicine for Venezuelans suffering widespread shortages.

Branson, who is backing the show, dubbed “Venezuela Aid Live,” told Reuters he expects money to flow in from many countries if the Tienditas Bridge crossing from Colombia to Venezuela can be opened.

“I think that if we can persuade the soldiers to open the bridge, that’s the ideal outcome from this concert,” he said in an interview via satellite link from the Mojave Air and Space Port in California. “That will then mean that people who are dying from cancer because they’re not getting the right pills, or other illnesses, they will be able to get help medical help.”

The United States and scores of other countries have openly backed Maduro’s rival, opposition leader and congress chief Juan Guaido, who last month invoked constitutional provisions to declare himself interim president.

The opposition plans to send aid into Venezuela on Saturday from collection points in neighboring countries including Colombia via sea and land, despite Maduro’s refusal to let it in, setting up a possible clash with authorities.

Maduro, who is facing growing international pressure to step down after his disputed re-election last year, denies there is a humanitarian crisis and has blocked the bridge leading from Colombia to prevent aid getting through.

The presidents of Colombia and Chile have publicly said they will attend the free concert, which has evoked comparisons to Irish rock star Bob Geldof’s 1985 global “Live Aid” concert to raise money for famine relief in Ethiopia.

Two other world leaders may attend, organizer Fernan Ocampo told reporters in Cucuta earlier on Wednesday, without naming them.

“We’ve got quite a few presidents from South America coming to the concert who have pledged to put a considerable amount of supplies into Venezuela once we can get the bridges opened,” he said.

The event will feature performances from at least 35 artists including Alejandro Sanz, Maluma, Luis Fonsi and Carlos Vives.

While still unclear how the aid will get across the border, Branson said 1 million people are expected on the Venezuelan side of the bridge, led by Guaido, to distribute the aid.

Branson also responded to comments made on Tuesday by Pink Floyd co-founder Roger Waters, who criticized the concert as a U.S.-backed effort to tarnish Maduro’s socialist government, saying there was “no mayhem, no murder, no apparent dictatorship” in Venezuela.

“I don’t think that Roger Waters is the best expert when it comes to what’s going on in Venezuela. He says that it’s a democracy, people are not suffering, and it’s just not true,” Branson said. “Anybody who knows anything about Venezuela should know that that is a load of a rubbish and Venezuelans need help.”

Donations to the event will be received online and via direct deposits.

Hundreds of tonnes of humanitarian aid from the United States and other countries are being stored in warehouses in Cucuta.

Maduro is planning rival concerts on the Venezuelan side of the border on Friday, and the Venezuelan government says it will distribute aid to poor Colombians.

(Reporting by Labib Nasir in Washington, D.C., and Nelson Bocanegra, Julia Cobb and Helen Murphy in Bogota; Additional reporting by Paul Vieira in Mexico City; Writing by Helen Murphy; Editing by Daniel Flynn and Leslie Adler)

Source: OANN

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Dollar rises as ebbing economic concerns boost bond yields

FILE PHOTO: An employee counts U.S. dollar bills at a money exchange office in central Cairo
FILE PHOTO: An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany.

April 2, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar hit a two-week high against the yen on Tuesday, as ebbing concerns about the global economy pushed U.S. bond yields up from 15-month troughs.

The greenback was steady at 111.37 yen after touching 111.46, its highest since March 20.

U.S. Treasuries were sold and their yields had surged overnight, with the benchmark 10-year rate rising more than 8 basis points, as encouraging manufacturing data out of the United States and China spurred some investors to scale back their holdings of safe-haven bonds.[US/]

The 10-year Treasury yield stood at 2.492 percent, pulling back from a 15-month low of 2.34 percent brushed last week when risk aversion driven by concerns towards a global economic slowdown gripped the financial markets.

“The dollar is benefiting from broader ‘risk on,’ with bonds sold and stocks being bought in light of the strong U.S. ISM data,” said Shin Kadota, senior strategist at Barclays in Tokyo.

The Institute for Supply Management (ISM) said on Monday that its index of national factory activity rose to 55.3 in March from 54.2 in February, which had marked the lowest level since November 2016.

The firm factory activity reading was enough to overshadow an unexpected drop in February U.S. retail sales.

“Seasonal flows also appear to be helping the dollar, with the currency drawing demand from participants kicking off the new quarter,” Kadota at Barclays said.

The euro was down 0.1 percent at $1.1205. The single currency brushed $1.1198, its lowest since March 8, and was headed for its sixth straight day of losses.

The pound continued to move back and forth on Brexit-related developments.

Sterling last traded at $1.3059, down 0.35 percent, after the British parliament on Monday failed to agree on any alternative to Prime Minister Theresa May’s divorce deal from the European Union.

The pound had rallied on Monday on expectations that an agreement would eventually emerge, leading to some sort of a trade agreement between the European Union and Britain.

The Australian dollar, sensitive to shifts in risk sentiment, was a touch lower at $0.7108 after edging up 0.2 percent the previous day.

Immediate focus was on the Reserve Bank of Australia’s monetary policy decision due at 0330 GMT.

The central bank is expected to stand pat on interest rates, but its policy views will be closely watched after the Reserve Bank of New Zealand shocked the markets last week by adopting a dovish policy stance.

(Reporting by Shinichi Saoshiro; Editing by Sam Holmes)

Source: OANN

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Explainer: Europe’s money laundering scandal

FILE PHOTO: General view of the Danske Bank building in Copenhagen
FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo

April 4, 2019

By Francesco Guarascio

BRUSSELS (Reuters) – The largest ever money laundering scandal in Europe is rippling through the region’s banks.

It began in the Baltics and has engulfed several Nordic lenders, notably Denmark’s Danske and Sweden’s Swedbank, who had large Baltic operations.

Here are some facts about Europe’s problems.

HOW DID THE CURRENT SCANDAL EMERGE?

The Baltics’ proximity to Russia has traditionally made them vulnerable to illegal financial flows from their neighbor.

U.S. investigators raised concerns about some of the region’s banks early last year, prompting domestic and European watchdogs to investigate.

WHICH BANKS HAVE BEEN AFFECTED SO FAR?

The first to be hit was Latvia’s ABLV, which was liquidated last year after U.S. accusations of money-laundering activities.

The scandal spread to the Estonian branch of Danske Bank, Denmark’s largest lender, which is now facing probes in several countries for handling 200 billion euros ($224 billion) in suspicious transactions of Russian money between 2007 and 2015.

Sweden’s Swedbank has recently been drawn into the scandal, after it was reported it handled some of the same payments that went through Danske, leading to the dismissal of its chief executive last week.

COULD IT SPREAD TO BANKS BEYOND THE BALTICS AND NORDICS?

Other lenders that helped process suspicious payments from the Baltics could also be in the frame. Deutsche Bank, which acted as a correspondent bank to Danske, is under investigation over its links to the money.

IS THE PROBLEM LIMITED TO FLOWS FROM RUSSIA TO THE BALTICS?

Money from Russia and former Soviet Union countries does not only go to the Baltics. Cyprus and Malta are among the EU states that are most welcoming of these flows, data show, with Pilatus Bank in Malta shut down last year following a U.S. probe on its owner and after allegations of suspicious transactions involving Azerbaijan’s ruling elite.

But the problem is not limited to Russian flows. EU-based criminal organizations, such as Italian mafias, launder most of their illegal proceeds in the largest EU states, estimates show.

ING, the Netherlands’ largest financial services provider, was forced by the Dutch regulator to pay a $915 million fine last year over money laundering. Its Italian business is also under investigation over similar allegations.

HOW MUCH COULD THIS COST BANKS?

A lot. EU banks payed over $16 billion in fines between 2012 and 2018 because of lax money-laundering checks, rating agency Moody’s said in a report on Tuesday, with U.S. regulators levying more than 75 percent of those fines.

Now the allegations have stepped up, so could the fines.

WHO SUPERVISES THIS AND WHY DID SO MUCH MONEY GET LAUNDERED?

Despite money-laundering being a cross-border crime, it is not tackled at EU level but almost exclusively by national authorities, who often lack the capabilities to counter it.

In some cases domestic supervisors have shown little interest in acting, as reputational damages could hit national economies. Malta’s financial supervisor has been found in breach of EU law over the Pilatus case, and the EU is investigating the Estonian regulator after the Danske scandal.

Many banks do not report all suspicious transactions as their due-diligence units are often understaffed.

Reports are not standardized, often producing irrelevant data and hampering cooperation among national supervisors.

WHAT ARE THE DIFFICULTIES IN DETECTING THESE FLOWS?

EU rules to fight money laundering have been overhauled, but some loopholes have never been closed. They are also applied differently and EU states are often late in executing them.

States, including Luxembourg and Germany, use loopholes in EU rules that allow them not to disclose fines on banks in breach of money-laundering rules. This vastly reduces the effectiveness of sanctions which are mostly feared by lenders for their reputational impact.

In the latest reforms, EU legislators added stricter transparency requirements on companies’ owners, but allowed them to remain hidden in some cases. Money-laundering is often conducted through shell firms whose owners are unknown.

Data that could raise alarm bells, such as the share of non-resident deposits or oversized cross-border flows, are collected at national level, often without details of final beneficiaries. No-one checks them at EU level.

The EU has also failed to agree an updated list of jurisdictions that pose money-laundering risks because of lax rules. This reduces banks’ ability to spot dodgy payments.

(Reporting by Francesco Guarascio in Brussels; additional reporting by Anthony Deutsch in Amsterdam; Editing by Alexandra Hudson)

Source: OANN

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Industrials’ gains put to test as earnings ramp up

FILE PHOTO: 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 9, 2019. REUTERS/Brendan McDermid

April 12, 2019

By Caroline Valetkevitch

NEW YORK (Reuters) – Investors betting on industrial stocks this year have been rewarded, with the group among the best-performing sectors so far, but that strength will be tested in the coming weeks as companies report results.

Industrials have outperformed the broader market this year, thanks in part to optimism that the United States may soon have a trade deal with China, as well as expectations the Federal Reserve will not raise interest rates again any time soon.

As first-quarter earnings for S&P 500 companies ramp up, investors will hear from Honeywell International, Union Pacific Corp. and Kansas City Southern next week.

The S&P 500 industrials index is up more than 19% for the year so far, compared with a roughly 15% gain in the S&P 500.

While industrial stocks and the rest of the market have risen on hopes that a China trade deal is near, executives have warned about the conflict’s impact, with the industrials space seen as one of the most sensitive.

Costs for certain raw materials have increased as the United States imposed tariffs on imports from China and other countries.

Investors will likely hear more this earnings period about the effects of the tariffs, and weakness in China and the rest of the global economy, on U.S. companies.

“Industrials and tech have been two of the sectors that have called out the risks from trade frequently on earnings calls,” said Jill Carey Hall, equity and quant strategist at Bank of America-Merrill Lynch.

“Some of them have seen valuations or estimates come down substantially on those risks.” Because of that, industrial companies could have further to gain if there is a trade deal or any reversal to existing tariffs, she said. The bank has an overweight rating on industrials this year.

The sector has continued to outperform even with problems for one of its leaders. Boeing shares were pummeled last month after its popular 737 MAX jet was involved in a second fatal crash and the aircraft was grounded worldwide.

Results and comments from Boeing, airlines and aerospace suppliers also are likely to generate investor attention.

Wall Street analysts have been trying to gauge the financial hit to Boeing since the March deadly plane crash in Ethiopia.

At the same time, Southwest Airlines Co has cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service, and United Airlines has said it would see an adverse effect on its operations if the jets remained grounded heading into the peak summer travel season.

“There’s certainly risk at companies that sell into Boeing planes, although what we’re hearing is Boeing hasn’t so far cut back on any supplier orders. That could be in second-quarter forecasts,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

Boeing’s results are due April 24. Lockheed Martin and other aerospace and defense names are due the same week.

Those bullish on the industrials sector also argue that its valuation remains attractive despite this year’s strong gains.

The S&P 500 industrial index is trading at 15.9 times forward 12-month earnings, still among the lowest of the 11 S&P sector and below the benchmark S&P 500’s 16.8 price-to-earnings ratio, according to IBES data from Refinitiv.

First-quarter earnings for the sector are expected to have increased just 1.6% from a year earlier, though that’s better than the expected 2.3% decline in overall S&P 500 earnings, based on Refinitiv’s data.

Analysts see General Electric Co. as the largest drag on the industrials sector’s first-quarter earnings, based on Refinitiv’s data. If GE’s results are removed, the sector’s earnings are expected to have increased 4.0%. GE is due to report April 30.

Year-over-year quarterly revenue for industrials is forecast to have gained 2.9% versus a 4.9% increase expected for the S&P 500.

(Reporting by Caroline Valetkevitch; Editing by Alistair Bell)

Source: OANN

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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The Dalai Lama has returned to his headquarters in the north Indian hill town of Dharmsala after a brief stay in a hospital in the capital for treatment of a chest infection.

Hundreds of exiled Tibetans lined the streets of Dharmsala carrying ceremonial scarves and incense sticks to welcome the Dalai Lama on Friday.

The 83-year-old Tibetan spiritual leader told reporters that he had fully recovered, but that the illness had been “a little bit serious.” He did not give any details.

The Dalai Lama usually spends several months a year traveling the world to teach Buddhism and highlight Tibetans’ struggle for greater freedom in China. But he has cut down on his travels in the past year to take care of his health.

Source: Fox News World

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