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Trump Calls Schiff 'Bad Guy' Who Knowingly Lied About Russia

President Donald Trump delivered some choice words about House Intelligence Committee Chairman Adam Schiff, saying the California Democrat is a "bad guy" who has been knowingly lying about him for nearly two years.

"Schiff is a bad guy. He knew he was lying. He's not a dummy. He knew he was lying," Trump told Fox News host Sean Hannity Wednesday night. "For a year and a half, he would go on and just lie and lie and leak and call up CNN and others . . . and [he] gets on and says, 'oh, we want to talk about Russia.'

"He knew it was a lie, and he would get into the backroom with his friends and the Democrat Party, and they would laugh like hell at what they were doing. It's a disgrace."

Schiff has insisted evidence showing Trump conspired with the Russians to win the 2016 election exists. After Attorney General William Barr announced Sunday that Trump was cleared of the collusion accusation, Schiff did not back down from his claim.

Some Republicans are now calling for Schiff to be removed from his post as committee chairman.

Source: NewsMax America

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Southern storms, apparent tornadoes cause damages; none hurt

Two apparent tornadoes touched down Saturday in central Arkansas, destroying shops as severe storms raking the South damaged some buildings and tore away roofs in northeast Mississippi.

There were no reports of any deaths or injuries from the widespread storms, which came nearly a week after a large tornado killed 23 people in Alabama amid an outbreak of Southern twisters.

An apparent tornado touched down Saturday afternoon near Carlisle, about 30 miles (50 kilometers) east of Little Rock and the second storm was near the unincorporated community of Slovak, southeast of Carlisle, said National Weather Service meteorologist Joe Goudsward.

Prairie County Sheriff Rick Hickman in Arkansas said several buildings were destroyed, power lines were brought down and at least one home was damaged.

"It was more than straight-line winds. One of the shops, it had debris strewn over two miles, (another) one of them was just twisted in a big twist with metal on top of automobiles that were in there," Hickman said.

Goudsward, based with the weather service in Little Rock, Arkansas, said teams would be sent to assess the damage and determine the strength of those storms.

In northeast Mississippi, strong winds tore away roofs and pulled down bricks from some buildings in the small community of Walnut, population about 3,000. Emergency Management Director Tom Lindsey, for the region's Tippah County, said the area that was hit was very rural.

Weather service meteorologist Marlene Mickelson in Memphis, Tennessee, said there were no reports of injuries from the storm in Walnut. But authorities said it was still too early to tell if the damage there was caused by a tornado or by straight-line winds.

A tornado watch means conditions are favorable for tornadoes and severe thunderstorms in and close to the watch area. The watches issued Saturday for Tennessee and Mississippi were in effect until 6 p.m. EST and for Arkansas and Louisiana until 4 p.m. EST.

The weather service's Storm Prediction Center also warned of the possibility of damaging winds and large hail and said via Twitter that cities at risk Saturday included Memphis and Nashville, Tennessee and Louisville, Kentucky, among others. Forecasters said many of the affected areas were also at risk of flooding.

Source: Fox News National

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U.S. fund Elliott battles the odds in latest showdown with Hyundai

FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach
FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake

March 20, 2019

By Hyunjoo Jin

SEOUL (Reuters) – The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund’s demands for a hefty special dividend and a board shake-up.

Elliott’s challenge to South Korea’s second-biggest family-run conglomerate is the latest example of shareholder activism in Asia’s fourth-biggest economy, long dominated by powerful cliques that took minority investors for granted.

The activist fund founded by billionaire Paul Singer tasted success last year when it and other investors opposed Hyundai’s ownership restructuring plan on the basis that it would favor family members rather than minority shareholders.

While it looks likely to fail on most counts on Friday, even if it manages to gain a single seat at Hyundai it would be a major victory for shareholder empowerment in the country.

Elliott is trying to rally shareholder support for dividend payouts from Hyundai Motor and Hyundai Mobis for 2018 worth a combined 7 trillion won ($6.2 billion), saying the group should dispose of its excess capital.

That is more than six times higher than the $1 billion payouts proposed by the Hyundai affiliates, which say Elliott’s proposals would hamper future investments and acquisitions.

Elliott has also proposed five board nominees combined at Hyundai Motor and Hyundai Mobis to address “governance shortcomings”.

The campaign received a potentially fatal blow last week when South Korea’s National Pension Service, the second-biggest shareholder in the two firms, said Elliott’s demands were “excessive” and would cause “conflicts of interest”.

“I cannot help but think that Elliott is trying to make quick bucks and leave rather than enhancing long-term shareholder value,” said Kim Woo-chang, one of the members of the NPS panel which made the decision to vote against the proposals.

“Elliott’s strategy has failed. It was shortsighted,” Kim told Reuters.

The NPS holds stakes of 8.7 percent and 9.45 percent in Hyundai Motor and Hyundai Mobis, respectively. About 30 percent of the two firms are owned by Hyundai affiliates and family members. Resolutions require approval from a majority of the votes of shareholders present at the meetings.

As of November, Elliott held more than 2.5 percent of common stock in Hyundai Mobis, 3 percent in Hyundai Motor and 2.1 percent in affiliate Kia Motors.    

BENEFIT OF THE DOUBT

Questions about Hyundai Motor Group grew in 2014 when it paid $10 billion to buy land for a new headquarters in Seoul, three times the appraised value.

Some investors remain deeply troubled by that decision and want to see change at the conglomerate, even if they are not ready to support Elliott’s proposals.

“It is not that Elliott’s demand is nonsense. Hyundai has accumulated cash, and it has a poor track record of using cash,” said Park Yoo-kyung, a Hong Kong-based director of Dutch pension fund APG Asset Management, which holds shares in Hyundai Motor and Hyundai Mobis.

    “But we decided to give (the newly created board) the benefit of the doubt,” Park told Reuters.

Leading proxy advisor ISS has recommended investors vote for Elliott’s proposal to expand the board to 11 directors from nine at Hyundai Mobis to make room for director nominees from both the activist fund and management.

Seven out of nine funds which disclosed their proxy votes ahead of the meetings said they would back Elliott’s proposals for board changes at Hyundai Mobis, according to the website of Korea Corporate Governance Service.

The proponents include funds run by California Public Employees’ Retirement System, the largest U.S. public pension fund.

For Hyundai Motor, five out of six funds said they would vote against Elliott’s three director nominees, who will compete with Hyundai’s nominees to win board seats.

Once this battle is over Hyundai still faces the bigger challenge of revamping the group’s ownership structure, a process which is attracting close scrutiny from Elliott, NPS and other investors.

Elliott did not immediately respond to a request for comment.

($1 = 1,131.8200 won)

(Reporting by Hyunjoo Jin; Editing by Stephen Coates)

Source: OANN

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EU Commission lashes out at Orban over campaign posters

A top European Union official has lashed out at Hungarian Prime Minister Viktor Orban over election campaign posters alleging that EU headquarters has purposely weaken the bloc's external borders to let in more migrants and provide easy visas.

Commission Vice President Frans Timmermans said Tuesday when it comes to spinning the truth in political campaigning "this is something in a completely different universe."

In Hungary, posters have gone up focusing on EU Commission President Jean-Claude Juncker and Hungarian-American financier George Soros, saying that "they want to weaken the border protection rights of the member states; they would facilitate immigration with migrant visas."

Timmermans said the EU and Juncker were actually at the forefront of reinforcing the EU's external borders.

Orban's zealous anti-immigration policies have won him populist admirers across Europe.

Source: Fox News World

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Golf: Varner penalized two strokes for assembling club on course

PGA: THE PLAYERS Championship - First Round
Mar 14, 2019; Ponte Vedra Beach, FL, USA; Harold Varner III plays his shot from the 16th tee during the first round of THE PLAYERS Championship golf tournament at TPC Sawgrass - Stadium Course. Mandatory Credit: John David Mercer-USA TODAY Sports

March 14, 2019

(Reuters) – Harold Varner III was assessed a two-stroke penalty for a bit of do-it-yourself handyman work during the first round at the Players Championship in Florida on Thursday.

A raft of new rules have caused issues on tour this year, but it was an old one that Varner fell foul of at TPC Sawgrass in Ponte Vedra.

Players are not allowed to assemble clubs on the course under rule 4.1b(4), which states that one cannot “build a club from parts carried by anyone for the player during the round”.

Varner damaged his driver warming up before his round and sent a representative to retrieve a replacement and bring it to him on the course.

However, Varner wanted to use the shaft of the damaged club, so when the replacement arrived he attached the new head to the old shaft.

“They don’t want clubs assembled and adjusted on the golf course, so that’s the reason for that rule,” PGA Tour rules official Mark Russell told reporters.

“The rule basically says a player must not build a club from parts carried by anyone for the player during the round.”

Varner shot two-over-par 74, including the penalty, which left the American nine strokes off the lead.

(Reporting by Andrew Both in Cary, North Carolina, editing by Ed Osmond)

Source: OANN

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Iran welcomes Luxembourg court decision on U.S. seizure of Iranian assets

FILE PHOTO: People read the victims' names of the 9/11 Empty Sky memorial at sunrise across from New York's Lower Manhattan and One World Trade Center, in Liberty State Park in Jersey City
FILE PHOTO: People read the victims' names of the 9/11 Empty Sky memorial at sunrise across from New York's Lower Manhattan and One World Trade Center, in Liberty State Park in Jersey City, New Jersey, September 11, 2015. REUTERS/Eduardo Munoz/File Photo

March 28, 2019

LONDON (Reuters) – Iran welcomed on Thursday a Luxembourg court’s decision to refuse to reinforce a U.S. ruling that would have helped families of victims of the Sept. 11, 2001 attacks claim Iranian assets held by a Luxembourg-based clearing house.

The court ruled on Wednesday that there were no grounds in international law to uphold in Luxembourg a 2012 U.S. court decision to strip Iran of sovereign immunity.

Iranian foreign ministry spokesman Bahram Qasemi said the decision showed the world still had courts that adopt independent decisions.

“The era of totalitarian and bullying behavior of America toward other countries is over and it can no longer raise such groundless accusations,” Qasemi was quoted as saying by state news agency IRNA.

The governor of Central Bank of Iran, Abdolnasser Hemmati, called the decision “an important legal victory for Iran”.

President’s deputy for legal affairs Laya Joneidi was quoted by IRNA as saying that the lawyers won the case by arguing that Sept. 11 attacks were not related to Iran.

Seven years ago, a New York court found there was evidence showing that Iran provided “material support and resources to al Qaeda for acts of terrorism”. The militant group carried out the hijacked plane attacks on New York and Washington.

That court awarded the plaintiffs damages of over $7 billion. Families of victims are seeking access to $1.6 billion of Iranian funds in Luxembourg, which were frozen as part of international sanctions over Iran’s nuclear program.

However, the Luxembourg court said the plaintiffs could not continue their legal case to seize Iranian assets in the country.

Iran has denied any links to al Qaeda or any involvement in the Sept. 11 attacks.

(Reporting by Bozorgmehr Sharafedin; Editing by Richard Borsuk)

Source: OANN

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Pinterest’s shares soar 25 percent in market debut

IPO of Pinterest Inc. at the New York Stock Exchange in New York
Pinterest, Inc. led by Chairman, Co-Founder, President and CEO Ben Silbermann and Co-Founder, Chief Design and Creative Officer, Evan Sharp ring the opening bell celebrating the IPO of Pinterest Inc. at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid

April 18, 2019

(Reuters) – Shares of online scrapbook company Pinterest Inc surged 25 percent in their debut, giving it a market capitalization of $15.8 billion and signaling increased investor appetite for new tech listings, ahead of the much-awaited debut of Uber Technologies.

The offering of 75 million shares was priced at $19, above the expected range of $15 and $17, and raised $1.4 billion in net proceeds.

The social-scrapbooking website allows users to search for various topics, from home improvement projects to travel tips, with results often showing handy infographics.

It also lets users to create social “boards”, which relate to certain topics or theme, and encourages users to follow each other and their boards.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Sriraj Kalluvila)

Source: OANN

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FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 26, 2019

By Tom Arnold

LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.

Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.

Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.

Vettivetpillai could not be reached for a comment.

Naqvi, in a statement released through a PR firm, has pleaded innocent.

The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.

Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.

Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.

(Editing by Jane Merriman)

Source: OANN

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Former Vice President Joe Biden announces his 2020 candidacy
Former U.S. Vice President Joe Biden announces his candidacy for the Democratic presidential nomination in this still image taken from a video released April 25, 2019. BIDEN CAMPAIGN HANDOUT via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

April 26, 2019

By James Oliphant

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden, in his first interview as a Democratic presidential candidate, said on Friday that he does not believe he treated law professor Anita Hill badly during the 1991 confirmation hearings for Supreme Court Justice Clarence Thomas.

Biden had joined the burgeoning 2020 Democratic field a day earlier.

Biden’s conduct during those hearings, when he was chairman of the U.S. Senate Judiciary Committee, became a renewed subject of controversy after the New York Times reported that Biden had called Hill earlier this month in the run-up to his presidential bid and that Hill was dissatisfied with Biden’s expression of regret.

Appearing on ABC’s “The View,” Biden largely defended his actions as a senator almost 30 years ago, saying he believed Hill’s allegations of sexual harassment levied at Thomas and tried to derail his confirmation.

Activists have long been unhappy that Hill was questioned in graphic detail by the all-white, all-male committee chaired by Biden.

“I’m sorry she was treated the way she was treated,” Biden said, but later, he asserted, “I don’t think I treated her badly. … How do you stop people from asking inflammatory questions?”

“There were a lot of mistakes made across the board and for those I apologize,” he said.

Biden praised Hill as “remarkable” and said she is “one of the reasons we have the #MeToo movement.”

Asked why he had not reached out to Hill earlier, Biden said he had previously publicly stated he had regrets about her treatment and that he “didn’t want to quote invade her space.”

That seemed to be a reference to another controversy that looms over Biden’s presidential run: allegations by several women that he made them uncomfortable by touching them at political events.

Biden also addressed that criticism, saying he was now more “cognizant” about a woman’s “private space.” But he maintained that he had been “trying to bring solace.”

He suggested he was still trying to sort out the guidelines for his conduct going forward.

“I should be able to read better,” he said. “I have to be more careful.”

Pressed by the show’s panel for an apology to his accusers, Biden would not entirely capitulate.

“So, I invaded your space,” he replied. “I mean, I’m sorry this happened. But I’m not sorry in a sense that I think I did anything that was intentionally designed to do anything wrong or be inappropriate.”

Biden, 76, served as former President Barack Obama’s vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

His first public event as a presidential candidate is scheduled for Monday in Pittsburgh.

(Reporting by James Oliphant; editing by Jonathan Oatis)

Source: OANN

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FILE PHOTO: The logo of Tesla is seen in Taipei
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.

With investors betting Tesla will soon raise capital, the stock has fallen 13% for the week to its lowest level since January 2017, before the launch of the Model 3 sedan aimed at making the electric car maker profitable.

One positive development for Tesla: a U.S. District Court judge on Friday granted a request by Musk and the Securities and Exchange Commission for a second extension to resolve a dispute over Musk’s use of Twitter.

On Wednesday, Tesla posted a worse-than-expected loss of $702 million for the March quarter. Musk said Tesla would return to profit in the third quarter and that there was “some merit” to raising capital.

Musk is still battling to convince investors that demand for the Model 3, the company’s first car aimed at the mass consumer market, is “insanely” high, and that it can be delivered efficiently to customers around the world.

Tesla ended its first quarter with $2.2 billion, down from $3.7 billion in the prior quarter, and the company is planning expansions including a Shanghai factory, an upcoming Model Y SUV, and other projects.

(GRAPHIC: Tesla’s cash – https://tmsnrt.rs/2DyJjX6)

On Monday, Musk hosted a self-driving event, where he predicted Tesla would have over a million autonomous vehicles by next year. Some analysts perceived the presentation as a way to deflect attention from questions about demand, margin pressure, increasing competition and even Musk’s ongoing battle with U.S. regulators.

Tesla’s stock has now fallen 29 percent in 2019 and the company’s market capitalization has declined to $41 billion from $63 billion in mid-December.

(GRAPHIC: Tesla’s declining market cap – https://tmsnrt.rs/2Dwd62r)

Analysts now expect Tesla’s revenue to expand 19% in 2019, compared with 83% growth in 2018 and 68% growth in 2017, according to Refinitiv.

Following Tesla’s quarterly report, 12 analysts recommend selling the stock, while 11 recommend buying and eight are neutral. The median analyst price target is $275, up 16% from the stock’s current price of $236. Berenberg analyst Alexander Haissl has the most optimistic price target, at $500, while Cowen and Company’s Jeffrey Osborne has the lowest, at $160, according to Refinitiv.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

Source: OANN

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Former CIA Director John Brennan pushed back Friday on President Trump’s charge that he knew about or participated in an attempt to overthrow the American government.

“I don’t think it’s surprising at all that we continue to hear the sociopathic ramblings of Mr. Trump claiming that there was this effort to try to prevent him from being elected or to unseat him,” he told MSNBC’s Hallie Jackson.

Brennan was reacting to comments Trump made during an interview with Sean Hannity on Thursday night.

Trump specifically criticized Brennan, along with former Director of National Intelligence James Clapper, former FBI Director James Comey, and former Deputy FBI Director Andrew McCabe, in the fiery interview.

ROSENSTEIN SLAMS OBAMA ADMINISTRATION FOR CHOOSING ‘NOT TO PUBLICIZE FULL STORY’ OF RUSSIA HACKING

His comments followed the release of Special Counsel Robert Mueller‘s report which stopped short of accusing the president of either obstruction of justice or collusion with Russia.

Brennan added he welcomed further investigation into his and other officials’ conduct while they served in government. “I’ve testified in front of Congress … Absolutely, I’ll do it again,” he said.

Brennan also disputed Sen. Rand Paul’s, R-Ky., claim that he “insisted that the unverified and fake Steele dossier be included in the Intelligence Report.”

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Journalist Bob Woodward similarly promoted the idea that the CIA pushed to include the Steele dossier in the intelligence community assessment surrounding Russian election interference.

“That’s absolutely incorrect and 180 degrees from the truth. It was CIA that was pushing not to have it included and not to be taken into account at all in that intelligence community assessment.

Source: Fox News Politics

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Former Arkansas Governor Mike Huckabee said Friday that Deputy Attorney General Rod Rosenstein’s rare public criticism of the Obama administration was a “soft” way of accusing the previous administration of covering up Russia’s attempts at hacking the 2016 presidential election.

While speaking Thursday in New York at the Public Servants Dinner of the Armenian Bar Association, Rosenstein said that the Obama administration “chose not to publicize the full story about Russian computer hackers and social media trolls and how they relate to Russia’s broader strategy to undermine America.”

During an appearance on “America’s Newsroom” Friday morning, Huckabee called the comments an “unusually candid moment for Rosenstein.”

“I thought it was a soft way of him saying there was a cover-up,” Huckabee said. “They knew the Russians were attempting to influence the election and attempting to hack the election but they didn’t fully disclose that to the American people and certainly didn’t disclose it to the Trump campaign.

SWALWELL NOT CERTAIN TRUMP ISN’T A ‘RUSSIAN ASSET’

“Instead they tried to set a trap for them. It failed. The Trump team did not take the bait. And that’s the one conclusion that we can certainly come away with from the $35 million worth of investigation,” Huckabee continued.

Next week, Attorney General William Barr will testify before Congress and is expected to answer questions about Special Counsel Robert Mueller’s investigation of President Trump, which found that there was not adequate evidence to conclude that President Trump and his administration colluded with Russia, though the president could not be exonerated in terms of the possibility that he obstructed justice.

Barr will testify to the Senate Judiciary Committee next Wednesday and to the House Judiciary Committee the following day.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG 

“It is going to be a theater, an absolute show,” Huckabee said of the hearings. “Just like the Kavanaugh hearings were and like everything else is in Congress. We ought to close the curtain on them and can’t come back until after the election. They aren’t doing their job anyway. We aren’t paying them because they’re doing a wonderful service to the country and spare us the hypocrisy of thinking they’re interested in getting to the bottom of the facts,” he continued.

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Ultimately, Huckabee argued, if Americans “took their partisan hats off,” they would see that President Trump was exonerated by the investigation.

Source: Fox News Politics

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