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Indonesia’s Lion Air starts work on $1 billion IPO: Bloomberg

FILE PHOTO: A Lion Air jet sits on the tarmac of Tjilik Riwut Airport in Palangkaraya, central Kalimantan, Indonesia
FILE PHOTO: A Lion Air passenger plane sits on the tarmac of Tjilik Riwut Airport in Palangkaraya, central Kalimantan, Indonesia November 1, 2015. REUTERS/Darren Whiteside

March 21, 2019

(Reuters) – Indonesian carrier Lion Air has started working on $1 billion domestic initial public offering (IPO), Bloomberg reported on Thursday citing sources, as it seeks to move past the crash in October last year that killed 189 people on board.

The company is working with advisers on the planned IPO, which could take place as soon as this year, Bloomberg reported.

Lion Air has mentioned about its IPO plan in the past but has never gone through it.

In 2014, the company floated plans for an IPO to raise up to $1 billion but it did not work. Later Lion Air delayed the IPO in 2016 due to weak market conditions.

Lion Air Could not be immediately reached for comment. (The story refiles to correct dateline to March 21, day in first paragraph to Thursday)

(Reporting by Bhanu Pratap in Bengaluru; Editing by Gopakumar Warrier)

Source: OANN

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Lawmakers Push For Another $11 Billion In Electric Vehicle Tax Credits

A bipartisan group of US lawmakers is introducing legislation to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, according to Reuters.

The legislation is expected to be introduced on Wednesday and could give companies like Tesla and General Motors a substantial boost.

The bill is sponsored by Democrats Debbie Stabenow and Gary Peters, Republican Senators Lamar Alexander and Susan Collins and Democratic Representative Dan Kildee. The passage of such a bill could catalyze more purchases of electric vehicles from automakers who are now sinking billions of capital into EVs.

The existing tax credit, which is $7500, phases out over 15 months after an automaker hits a cumulative 200,000 in sales of electric vehicles. GM’s tax credit was cut on April 1 of this year and Tesla’s tax credit was cut on January 1 of this year. Both credits now stand at $3,750. GM’s credit falls to $1,875 in October and will disappear in April 2020, while Tesla’s credit drops to $1,875 in July and expires at the end of 2019.

Like every bill, this one has a ridiculous name with a stupid pun: it’s being called the “Driving America Forward Act” and would grant each automaker a $7,000 credit for another 400,000 vehicles on top of the already existing 200,000 vehicles eligible. On the other hand, it would shorten the phase out schedule to 9 months from one year.

The bill would also seek to extend the hydrogen fuel cell credit through 2028.

And since taxpayers will foot the bill, here is the damage: the EV tax credits are estimated to cost $11.4 billion if the bill is passed.

Debbie Stabenow said: “We have a cap that’s got to go up. I want to get this done as soon as possible.” It wasn’t exactly clear why it it has “got to go up”, exactly?

Meanwhile, this proposal runs in stark contrast to the White House, who proposed immediately eliminating the $7,500 existing tax credit last month. It said this would save the US government $2.5 billion over a decade. Senator John Barrasso, who chairs the Environment and Public Works Committee, proposed legislation in February to end the credit and to impose a highway user fee on electric vehicles to pay for road repairs.

This new bill is predictably backed by most automakers including GM, Tesla, Toyota Motor Corp, Ford Motor Co, Fiat Chrysler Automobiles NV, Honda Motor Co, BMW AG, Nissan Motor Co and Volkswagen. In fact, GM President Mark Reuss said: “…the EV tax credit provides customers with a proven incentive as we work to establish the U.S. as a leader in electrification.”

And what would a proposed $11 billion in government spending be without the Sierra Club weighing in? Michael Brune, executive director of the Sierra Club, said: “…as we build and grow the clean energy economy, we must continue to invest in tackling the sector that generates the most pollution: transportation.”

Tesla stock rose 2% on the news, even though it was not clear what were the odds of the bill’s ultimate passage into law.



Here’s why politicians were no match for Candice Owens because she’s more authentic.

Source: InfoWars

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Philippine official praises China's ruling Communist Party

The Philippine foreign secretary has heaped praise on China's ruling Communist Party during a visit to Beijing, underscoring the growing distance between the Philippines and the United States.

Teodoro Locsin said Wednesday that China's authoritarian one-party system has provided opportunities for developing economies to grow and given momentum for improvement that Western democracies lack.

Locsin said the Chinese Communist Party is supplying direction that "no other institution anywhere in the world could."

Philippine President Rodrigo Duterte has frequently criticized his county's alliance with the U.S.

Earlier this month, the Philippine defense secretary said his country's defense treaty with the U.S. needs to be re-examined, bringing expressions of concern from Washington.

China and the Philippines have competing claims to territory in the economically and strategically crucial South China Sea.

Source: Fox News World

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Dems need an answer on the border


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On the roster: Dems need an answer on the border - Beto calls Bibi a racist - Buttigieg shares the struggle behind his coming out - Mulvaney: Voters will ‘never’ see Trump’s taxes  - ‘That's frickin’ sweet’

DEMS NEED AN ANSWER ON THE BORDER
There are a lot of reasons that President Trump probably wanted to ditch Kirstjen Nielsen as homeland security secretary. She’s a by-the-numbers holdover from former Chief of Staff John Kelly, and not a good fit for a corner-cutting showman of a president.

But the biggest reason is the most obvious: Trump has yet to deliver on his most important campaign promise of securing the southern border.

Trump’s political exposure on the subject is certainly mitigated by the fact that his supporters blame Democrats primarily for the worsening situation along our border with Mexico. In their minds, the fact that Democrats were willing to keep the government shut down for 35 days rather than give Trump a few billion dollars more for some wall/fence/steel slats is proof enough from Team MAGA.

But as it is with many things, Trump’s main advantage on this subject is that Democrats can’t seem to address it in a sensible way.

As the consensus grows that the surge of refugees at the southern border constitutes a crisis, Democrats remain flat footed on the subject. It was fine to denounce Immigration and Customs Enforcement for the mistreatment of children and families and probably even politically useful to mock Trump’s fixation on a “big, beautiful wall,” that’s not going to be enough.

We don’t know what direction Trump will take now that Nielsen is out of the way, but it seems like a sure bet that he will not be vulnerable to accusations of minimizing the threat.

Democrats have succumbed to the temptation that believing since Trump is intemperate and xenophobic sounding in his remarks on immigration it is enough for them to simply denounce his bluster and condemn his policies as cruelty.

There is no sign of things getting any better at the border any time soon. That means that as Democrats are wrestling their way through their primaries, voters will be confronting more bad news and more alarming images from the border. Candidates will need to have an answer.

THE RULEBOOK: WHEN WILL WE LEARN?
“All violent policy, as it is contrary to the natural and experienced course of human affairs, defeats itself.” – Alexander HamiltonFederalist No. 25

TIME OUT: SMOKE GETS IN YOUR EYES 
Garden & Gun:Sam Edwards III will be the first to admit it—the past three years have been hard. On January 19, 2016, his family’s decades-old Edwards Virginia Smokehouse went up in flames, leaving the facility destroyed. ‘In my lifetime, I’d never heard of it happening—a fire wiping out an entire ham house,’ says Edwards, the third-generation cure master to run the business his grandfather founded in 1926. In the immediate aftermath, Harper’s Country Hams of Clinton, Kentucky, was one of the first to step in, offering to take over Edwards’ production until the company got back on its feet in their Surry, Virginia, home base. Almost exactly a year later, the unthinkable happened again: Harper’s plant caught fire, too, and both families’ inventories were lost. Even in the face of that kind of devastation, Edwards hasn’t wavered in his determination to restore his historic operation to its former glory.”

Flag on the play? - Email us at HALFTIMEREPORT@FOXNEWS.COM with your tips, comments or questions.

SCOREBOARD
Trump job performance 
Average approval: 
42.6 percent
Average disapproval: 52.8 percent
Net Score: -10.2 points
Change from one week ago: no change 
[Average includes: NBC/WSJ: 43% approve - 53% disapprove; Pew Research Center: 41% approve - 55% disapprove; NPR/PBS/Marist: 44% approve - 50% disapprove; Quinnipiac University: 39% approve - 55% disapprove; Fox News: 46% approve - 51% disapprove.]

BETO CALLS BIBI A RACIST 
WaPo: “Democratic presidential hopeful Beto O’Rourke on Sunday described Israeli Prime Minister Benjamin Netanyahu as a ‘racist’ whose outreach to far-right interests as he seeks to hang onto political power has seriously damaged the chances of peace in the Middle East. Speaking at a town hall here at the University of Iowa, the former Texas congressman denounced Netanyahu’s pledge Saturday that he would annex Israeli settlements in the occupied West Bank if he wins another term in Tuesday’s Israeli general election. Netanyahu’s proposed annexation, O’Rourke said, ‘will make peace in the long term impossible.’ In response to a voter’s question about his policy toward Israel and Palestinian rights, O’Rourke reiterated his support for a two-state solution and accused Netanyahu of having ‘joined forces with far-right parties who are inherently racist in their speech and the way that they want to treat their fellow human beings in that part of the world.’”

Betomania subsides - Politico: “Yet by the time he left the state on Sunday, it was also clear that the euphoria that greeted [Beto] Rourke’s entry into the race three weeks earlier has started to subside. The inevitable slog of competing in a packed Democratic primary is underway, and O’Rourke has not yet drawn the wave of national adulation from the left that his Senate run against Ted Cruz last year received. ‘He’s going to have to do the work,’ said Scott Brennan, an Iowa Democratic National Committee member and a former state party chairman. ‘And it isn’t all breathless, 300-person crowds.’ … O’Rourke has seen little movement in polls since he announced. … And while O’Rourke sprinted from college campuses and coffee shops to house parties across Iowa, a more established contender, Bernie Sanders, was drawing even larger audiences here.

BUTTIGIEG SHARES THE STRUGGLE BEHIND HIS COMING OUT 
NBC News: “Pete Buttigieg may not become president or win the Democratic primary, but he's already broken a barrier by delving publicly and intimately into his struggle with his own sexuality in a way no other serious presidential candidate has. In a speech before an audience of LGBT rights supporters on Sunday, the mayor of South Bend, Indiana, did not describe being gay as something he always believed was acceptable. Nor did he dismiss lingering questions about his viability as a presidential candidate in a country in which three in 10 adults still say they have some reservations or would be very uncomfortable with a gay candidate, according to an NBC News/Wall Street Journal poll in February. Instead, he described wrestling with his sexual orientation as ‘a kind of war’ — one he said he was only able to win when he came home from serving in Afghanistan.”

BERNIE WARMS TO THE FRONTRUNNER ROLE 
AP: “Vermont Sen. Bernie Sanders is quieting critics who questioned whether he could recapture the energy of his upstart 2016 campaign, surpassing his rivals in early fundraising and establishing himself as an indisputable front-runner for the Democratic presidential nomination. Less than two months into his second White House bid, no other declared candidate in the crowded Democratic field currently has amassed so many advantages: a $28 million war chest, a loyal and enthusiastic voter base and a set of clearly defined policy objectives. That puts Sanders on markedly different footing than during his first White House run, creating new challenges for a candidate whose supporters relish his role as an underdog and an outsider. He now carries the weight of high expectations and will face heightened scrutiny over everything from the cost and feasibility of his government-funded policy proposals to his tax returns, which he has not yet released.”

Bernie wants felons to vote while still in prison - Fox News: “Sen. Bernie Sanders has long fought to restore voting rights for felons who’ve completed their prison sentences. Now the presidential candidate wants to go a big step further – arguing that those currently behind bars should be able to vote too. Asked on the campaign trail in Muscatine, Iowa on Saturday if those imprisoned should have the right to vote, the independent senator from Vermont who’s making his second straight bid for the Democratic nomination answered: ‘I think that is absolutely the direction we should go.’ ‘In my state, what we do is separate. You’re paying a price, you committed a crime, you’re in jail. That's bad,’ Sanders explained. ‘But you’re still living in American society and you have a right to vote. I believe in that, yes, I do.’”

BOOKER FUNDRAISING LAGS FRONTRUNNERS 
WaPo: “Sen. Cory Booker has raised more than $5 million in the two months since he announced his 2020 plans, the presidential candidate’s campaign said Sunday. Booker’s haul, while competitive, puts him behind other Democratic White House aspirants, including former Texas congressman Beto O’Rourke, Sen. Bernie Sanders (I-Vt.), Sen. Kamala D. Harris (Calif.) and South Bend, Ind., Mayor Pete Buttigieg. Booker’s campaign said 82 percent of the donors gave to the senator for the first time and the average online contribution was $34. The New Jersey Democrat, who was first elected to the Senate in a 2013 special election, raised $17.7 million to win a full term one year later.”

Bennet says nothing funny about Biden touchy contretemps - Politico: “Likely Democratic presidential contender Michael Bennet on Sunday criticized former Vice President Joe Biden for joking about the controversy swirling around his touchy, avuncular style that some women say made them uncomfortable. ‘I don't think anyone should make jokes about it,’ the Colorado senator told CNN's Jake Tapper on ‘State of the Union.’ ‘This is an important time in our country's history when women are coming forward and able to say when they've been made to feel uncomfortable, whether in a sexual way or a nonsexual way. People's voices should be heard on that.’ … On whether the controversy should disqualify Biden from another presidential bid, Bennet said that would be up to voters to decide.”

Elizabeth Weil: ‘Kamala Harris takes her shot’ - Atlantic: “She delivers her talking points while dressed, as she always is, in her uniform of dark suit, pearls, black heels. I know—you think I shouldn’t be writing about her clothes. But the clothes themselves are a smart, cautious play, one that Hillary Clinton, frankly, could have benefited from. If you wear the same outfit every single day, pretty soon the haters will run out of snarky things to say about your appearance and move on.”

MULVANEY: VOTERS WILL ‘NEVER’ SEE TRUMP’S TAXES 
Fox News: “Acting White House Chief of Staff Mick Mulvaney told ‘Fox News Sunday’ in an exclusive interview that Democrats will ‘never’ see President Trump's tax returns, days after a House Democrat committee chairman made the unprecedented demand that the IRS provide the documents. Mulvaney's comments marked an apparent escalation in the White House's rhetoric on the issue. On Wednesday, Trump responded with a dismissive taunt to Democrats' renewed push for his tax information, but suggested he might be willing to provide the information pending the conclusion of an audit. ‘Oh no, never -- nor should they,’ Mulvaney told Bill Hemmer, who is filling in for host Chris Wallace, when asked if Democrats will ever see the president's tax returns. ‘That’s an issue that was already litigated during the election. Voters knew the president could have given his tax returns. They knew that he didn’t and they elected him anyway.’”

Republicans ready to spend big on Jewish voters - Politico: “Republicans are planning a multimillion-dollar offensive aimed at fracturing the Democratic Party’s decades long stranglehold on the Jewish vote. Spearheading the push is the Republican Jewish Coalition, which receives substantial funding from casino mogul and GOP mega donor Sheldon Adelson. … The investment, people familiar with the early discussions said, will far surpass what the group spent in past presidential elections. With Democrats embroiled in a wrenching internal debate over anti-Semitism and support for Israel, Republicans are moving to capitalize with an aggressive campaign painting Trump — who has himself faced accusations of stoking anti-Semitism — as a fierce and unapologetic defender of the Jewish state.”

PLAY-BY-PLAY
House freshmen Dems raising big numbers already WashEx

GOP senators slated to tackle health care take a passPolitico

Barr to face questions this week from Hill committees on Muller release - Roll Call

House Dems look to resolve months long fight over disaster funds - Politico

AUDIBLE: DINGERS 
“I’m a sports fan.” – House Speaker Nancy Pelosi swatting away a question from USA Today about how her fellow House Democrats say the stack of San Francisco Giants baseball bats in her office symbolize her propensity for knocking heads.   

FROM THE BLEACHERS
“This is a suggestion for more research and commentary by Fox News. Running for President as an independent candidate without an existing formal structure and legal status of a political party is very difficult as best. Mass media exposure is one thing. However, every state has its own particular laws, regulations or requirements in order to obtain one's name on the ballot. Normally, political parties provide this service and coordinate with the state Secretary of State or other appropriate bureaucrat. Independents start from the beginning during the already very busy political campaign season. I had a friend who worked full time on Ross Perot's staff. He spent an enormous amount of time, energy, and money moving all over the country. He organized supporters, circulated petitions, and worked with the electoral officials. My friend was a hard working, able, experienced person. He was retired career military officer among other things. Put simply, it is my neutral, non-partisan opinion that Mr. Perot had a nearly impossible task. And, Mr. Schultz will do no better.” – Terry Simmons, Reno, Nev.

[Ed. note: On Feb. 20, 1992 during an appearance on Larry King’s television show – where else? – Perot issued a challenge to his supporters: If they could get his name on the ballot in all 50 states, he would run for president. This was also a challenge to the people working for him at his United We Stand group, which I assume includes your friend. They completed their work seven months later, a pretty impressive clip, especially at a time where ballot access was more restrictive and without the technology to organize that we have today. Unfortunately for them, Perot had already spectacularly, bizarrely dropped out of the race that summer before ever officially entering it. But when supporters delivered on the 50-state promise, Perot belatedly jumped in and still ended up with nearly 20 percent of the vote. I think that if Schultz were to put in the hundreds of millions of dollars he has discussed and make a decision on his current timetable of sometime this summer I would think he would have ample time to make the ballot in all 50 states. Whether there would be enough people who cared about that in order to make it consequential is another matter…]     

“Chris, When pollsters ask questions about income tax policy shouldn’t they restrict the questions to people who are actually paying taxes? It doesn’t make sense to ask someone who isn’t paying income taxes if the rich should pay more. Seems obvious how the majority of those people who don’t have skin in the game would respond to the question.” – Bob Steinen, Abingdon, Md.

[Ed. note: But they do vote, Mr. Steinen. That would be like asking only military members what they think of foreign policy or only women what the laws on abortion should be. And as Republicans deride an appetite for socialism and high taxation among Democratic candidates, conservatives would do well to remember that such things as those are actually quite popular, and not just among the nearly half of adults who don’t pay federal income taxes. It’s not enough to scoff.]   

Share your color commentary: Email us at HALFTIMEREPORT@FOXNEWS.COM and please make sure to include your name and hometown.

‘THAT'S FRICKIN’ SWEET’
KRIV: “A Visalia man has gotten pretty used to getting weird looks on the streets, as he drives around a jet ski on dry land. Nick Stemple says he put a jet ski's body right onto a scooter. He calls it ‘Scootski.’ ‘[My friend] built his, and I was just like, ‘That's frickin sweet' and I had to have one,’’ said Stemple. And now that Stemple has his own Scootski, he's never going back. ‘I love this thing! I've gotten rid of my other motorcycles. I ride this every single day,’ said Stemple. Stemple says he got a Honda Elite off Craig's List. His friend had the jet ski. And after about two months of work, he had Scootski. ‘The first question I always get it ‘Does that thing float on water?’ And I always say, ‘No, there's a huge hole at the bottom of it,’’ said Stemple. Scootski goes up to about 70 miles an hour, and get around 30 or 40 miles to the gallon. Stemple rides the thing anywhere and everywhere - even the highway.”

AND NOW, A WORD FROM CHARLES…
“[Ret. Gen. JohnKelly is exerting his authority. He's been given authority. I have to say, Scaramucci, we hardly knew. Though, I think he would be a better contestant on Dancing with the Stars than Spicey would. So I think it's an upgrade for them.” – Charles Krauthammer (1950-2018) speaking on “Special Report with Bret Baier” on July 31, 2017.

Chris Stirewalt is the politics editor for Fox News. Brianna McClelland contributed to this report. Want FOX News Halftime Report in your inbox every day? Sign up here.

Source: Fox News Politics

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Boy Raises Nearly $5,000 from Hot Chocolate for Border Wall

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Source: InfoWars

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NFL notebook: QB Wilson’s extension deadline approaches

FILE PHOTO: MLB: Spring Training-Boston Red Sox at New York Yankees
FILE PHOTO: Mar 15, 2019; Tampa, FL, USA; Seattle Seahawks quarterback Russell Wilson works out prior to the game between the New York Yankees and Boston Red Sox at George M. Steinbrenner Field. Mandatory Credit: Kim Klement-USA TODAY Sports

April 16, 2019

Quarterback Russell Wilson will not sign a long-term deal with the Seattle Seahawks if he and the team fail to reach agreement before his self-imposed deadline of midnight Monday passes, ESPN’s Adam Schefter reported earlier in the day.

With the NFL draft next week, reports that franchise-tagged defensive end Frank Clark is on the trade block, and the team having only $12 million in available salary-cap space, it could be a busy two weeks ahead for the Seahawks.

Wilson previously informed the team he wanted a new long-term contract by April 15. According to reports, the two sides have engaged in discussions that would net Wilson one of the top deals — perhaps the highest-paying — in the NFL, approaching $30 million annually.

Wilson’s current contract expires after the 2019 season.

–Kansas City receiver Tyreek Hill was in attendance as the Chiefs opened offseason workouts, coach Andy Reid confirmed to reporters, as authorities investigate two alleged incidents of suspected child abuse last month at Hill’s home. Hill, 25, has not been charged with any crimes.

The second alleged incident occurred March 14 and involved a juvenile, according to multiple published reports. The Kansas City Star reported that Hill’s 3-year-old son sustained a broken arm in the incident. Overland Park police responded to the same address on March 5 to investigate a report of child abuse or neglect. Hill’s name is listed on the report.

–Former Oklahoma quarterback Kyler Murray scheduled a visit with the Washington Redskins, and Ohio State’s Dwayne Haskins will meet with the New York Giants this week.

Murray is projected to be a top-10 draft pick, with speculation the Arizona Cardinals want the Heisman Trophy winner with the No. 1 overall pick. Haskins, ranked by most outlets as the No. 2 quarterback in the draft, has already worked out for the Oakland Raiders and visited with the Denver Broncos and Redskins.

–Philadelphia Eagles quarterback Carson Wentz says the stress fracture in his back hasn’t fully healed, but he still plans to be ready for the start of organized team activities, which begin May 21.

Wentz, 26, was diagnosed with the injury in mid-December and missed Philadelphia’s last three regular-season games and both playoff contests. He said he is taking things “week by week” and that he has been cleared to run and throw some.

–Oakland Raiders receiver Antonio Brown has settled a lawsuit filed by a man who claimed his toddler was nearly hit by furniture Brown threw off a balcony last year, TMZ.com reported.

Ophir Sternberg said that his 22-month-old son was walking near the pool at a Florida apartment complex in April 2018 when “large objects started to fall from the building many floors above them.” Per TMZ, the settlement terms are confidential.

–Eagles running back Josh Adams reportedly will miss the start of the offseason conditioning program as he recovers from shoulder surgery he underwent following Philadelphia’s divisional-round playoff loss against the New Orleans Saints.

Adams, 22, was given a six-month timetable for his recovery and is expected to join the team for training camp in July. The undrafted free agent rushed for a team-high 511 yards and three touchdowns in 14 games in 2018.

–New England quarterback Tom Brady and newly acquired defensive end Michael Bennett were no-shows for the team’s first day of voluntary workouts, ESPN reported. Brady skipped the workouts last year while Bennett reportedly does his training at his offseason home of Hawaii.

–The Minnesota Vikings signed former Los Angeles Rams quarterback Sean Mannion and former Denver Broncos wide receiver Jordan Taylor. The team also announced that a pair of restricted free agents, safety Anthony Harris and offensive tackle Rashod Hill, had both signed their tenders.

–San Francisco 49ers kicker Robbie Gould was a no-show for the start of voluntary team workouts, according to a report from NBC Sports Bay Area. The 36-year-old kicker has not signed his one-year franchise tender with the 49ers. The deal would be worth $4.97 million if Gould signs it.

–Field Level Media

Source: OANN

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Alex Jones Joins Eddie Bravo, Sam Tripoli For ‘Tin Foil Hat’ Broadcast

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

By Jan Wolfe and Richard Cowan

(Reuters) – The “i word” – impeachment – is swirling around the U.S. Congress since the release of Special Counsel Robert Mueller’s redacted Russia report, which painted a picture of lies, threats and confusion in Donald Trump’s White House.

Some Democrats say trying to remove Trump from office would be a waste of time because his fellow Republicans still have majority control of the Senate. Other Democrats argue they have a moral obligation at least to try to impeach, even though Mueller did not charge Trump with conspiring with Russia in the 2016 U.S. election or with obstruction of justice.

Whether or not the Democrats decide to go down this risky path, here is how the impeachment process works.

WHAT ARE GROUNDS FOR IMPEACHMENT?

The U.S. Constitution says the president can be removed from office by Congress for “treason, bribery, or other high crimes and misdemeanors.” Exactly what that means is unclear.

Before he became president in 1974, replacing Republican Richard Nixon who resigned over the Watergate scandal, Gerald Ford said: “An impeachable offense is whatever a majority of the House of Representatives considers it to be at a given moment in history.”

Frank Bowman, a University of Missouri law professor and author of a forthcoming book on the history of impeachment, said Congress could look beyond criminal laws in defining “high crimes and misdemeanors.” Historically, it can encompass corruption and other abuses, including trying to obstruct judicial proceedings.

HOW DOES IMPEACHMENT PLAY OUT?

The term impeachment is often interpreted as simply removing a president from office, but that is not strictly accurate.

Impeachment technically refers to the 435-member House of Representatives approving formal charges against a president.

The House effectively acts as accuser – voting on whether to bring specific charges. An impeachment resolution, known as “articles of impeachment,” is like an indictment in a criminal case. A simple majority vote is needed in the House to impeach.

The Senate then conducts a trial. House members act as the prosecutors, with senators as the jurors. The chief justice of the U.S. Supreme Court presides over the trial. A two-thirds majority vote is required in the 100-member Senate to convict and remove a president from office.

No president has ever been removed from office as a direct result of an impeachment and conviction by Congress.

Nixon quit in 1974 rather than face impeachment. Presidents Andrew Johnson in 1868 and Bill Clinton in 1998 were impeached by the House, but both stayed in office after the Senate acquitted them.

Obstruction of justice was one charge against Clinton, who faced allegations of lying under oath about his relationship with White House intern Monica Lewinsky. Obstruction was also included in the articles of impeachment against Nixon.

CAN THE SUPREME COURT OVERTURN?

No.

Trump said on Twitter on Wednesday that he would ask the Supreme Court to intervene if Democrats tried to impeach him. But America’s founders explicitly rejected making a Senate conviction appealable to the federal judiciary, Bowman said.

“They quite plainly decided this is a political process and it is ultimately a political judgment,” Bowman said.

“So when Trump suggests there is any judicial remedy for impeachment, he is just wrong.”

PROOF OF WRONGDOING?

In a typical criminal court case, jurors are told to convict only if there is “proof beyond a reasonable doubt,” a fairly stringent standard.

Impeachment proceedings are different. The House and Senate “can decide on whatever burden of proof they want,” Bowman said. “There is no agreement on what the burden should be.”

PARTY BREAKDOWN IN CONGRESS?

Right now, there are 235 Democrats, 197 Republicans and three vacancies in the House. As a result, the Democratic majority could vote to impeach Trump without any Republican votes.

In 1998, when Republicans had a House majority, the chamber voted largely along party lines to impeach Clinton, a Democrat.

The Senate now has 53 Republicans, 45 Democrats and two independents who usually vote with Democrats. Conviction and removal of a president would requires 67 votes. So that means for Trump to be impeached, at least 20 Republicans and all the Democrats and independents would have to vote against him.

WHO BECOMES PRESIDENT IF TRUMP IS REMOVED?

A Senate conviction removing Trump from office would elevate Vice President Mike Pence to the presidency to fill out Trump’s term, which ends on Jan. 20, 2021.

(Reporting by Jan Wolfe and Richard Cowan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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New England Patriots owner Robert Kraft attends a conference at the Cannes Lions Festival in Cannes
FILE PHOTO: New England Patriots owner Robert Kraft attends a conference at the Cannes Lions Festival in Cannes, France, June 23, 2017. REUTERS/Eric Gaillard

April 26, 2019

(Reuters) – New England Patriots owner Robert Kraft’s lawyers on Friday are set to ask a Florida judge to toss out hidden-camera videos that prosecutors say show the 77-year-old billionaire receiving sexual favors for money inside a Florida massage parlor.

The owner of the reigning Super Bowl champions plans wants the video to not be used as evidence against him as he contests two misdemeanor counts of soliciting prostitution at the Orchids of Asia Spa in Jupiter, Florida, along with some two dozen other men.

His legal team is fresh off a win on Tuesday, when they successfully persuaded Palm Beach County Judge Leonard Hanser to block prosecutors from releasing the hidden-camera footage to media outlets, which had requested copies under the state’s robust open records law.

Kraft, who has owned the franchise since 1994, pleaded not guilty, but has issued a public apology for his actions.

His attorneys have argued in court papers that the surreptitious videotaping of customers, including Kraft, inside a massage parlor was governmental overreach and the result of an illegally obtained search warrant.

The warrant, Kraft’s lawyers claim, was secured under false pretenses because police officers cited human trafficking as a potential crime in their application. Prosecutors have since acknowledged that the investigation yielded no evidence of trafficking.

Palm Beach County prosecutors in a court filing on Wednesday said Kraft’s motion should be rejected because he could not have had any expectation of privacy while visiting a commercial establishment to engage in criminal activity.

That prompted an indignant response from Kraft’s attorneys, who said the prosecution’s position on privacy was “unhinged.”

“It should go without saying that Mr. Kraft and everyone else in the United States have a reasonable expectation that the government will not secretly spy on them while they undress behind closed doors,” they wrote.

(Reporting by Joseph Ax, editing by G Crosse)

Source: OANN

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