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Ocasio-Cortez, in sick burn, compares Trump to ‘nematode’

Freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., compared President Trump to a worm during an interview on “Late Night with Seth Meyers” on Thursday -- but you'd need your dictionary to know that.

The 29-year-old congresswoman used an obscure term to take a swipe at Trump toward the end of her appearance, when Meyers asked her about winning the second-place prize as a teen in her high school science competition.

AOC DEFENDS GREEN NEW DEAL, SAYS NARRATIVE BEING 'MANIPULATED' BY TRUMP, OTHER CRITICS

“Science was my first passion,” said Ocasio-Cortez. “I studied microbiology and the impacts of antioxidants on a model organism known as the C. elegan, which is of the nematode family.”

Meyers compared Ocasio-Cortez’s interest in science to that of Trump, interjecting “I think he did that, too.”

“Because he’s a nematode?” she retorted while the crowd roared in laughter, comparing the president to the roundworms found as parasites in animals and plants.

Ocasio-Cortez also vehemently defended her Green New Deal during her time on the show, claiming Trump and other critics are manipulating the narrative around her proposal for climate change reform.

“They’re trying to say that the Green New Deal is about what we have to give up, what we have to cut back on, when in fact the Green New Deal itself is a resolution to be more expansive,” Ocasio-Cortez said.

The massive climate change investment has been criticized for being too overreaching and too expensive.

The self-proclaimed democratic socialist became the youngest woman ever elected to Congress after defeating 10-term Democratic incumbent Joe Crowley in the primary and then winning in the November general election.

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The politician turned bartender is a leader of the Democratic Party’s progressive wing and has managed to gain endorsements for her Green New Deal bill from Democratic 2020 hopefuls.

Fox News’ Joseph A Wulfsohn contributed to this report.

Source: Fox News Politics

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U.S. judge rebuts Trump on transgender troop limits

FILE PHOTO - Members of the Army march up 5th Avenue during the Veterans Day Parade in New York
FILE PHOTO - Members of the Army march up 5th Avenue during the Veterans Day Parade in New York November 11, 2012. REUTERS/Carlo Allegri

March 19, 2019

By Andrew Chung

WASHINGTON (Reuters) – A federal judge on Tuesday contradicted the Trump administration’s “incorrect” claim that no legal blocks remain for it to enforce a contentious policy to restrict many transgender individuals from the U.S. armed forces starting on April 12.

In a three-page notice, U.S. Judge Colleen Kollar-Kotelly said an injunction that she issued against the policy in 2017 remains in place.

“Defendants were incorrect in claiming that there was no longer an impediment to the military’s implementation” of the transgender policy, the judge wrote.

A spokeswoman for Pentagon said it was consulting with the U.S. Justice Department, which declined to comment.

Three other injunctions issued by judges in separate cases have already been lifted, in part by a Jan. 22 U.S. Supreme Court decision and subsequent action by a federal judge in Maryland.

That prompted the U.S. Defense Department to sign a memo on March 12 that would enforce its service limitations on transgender people, effective one month later.

Kollar-Kotelly’s injunction, however, had been set aside by a three-judge panel of the District of Columbia U.S. Circuit Court of Appeals on Jan. 4. The panel said it would hold off on issuing a “mandate” to finalize the higher court’s decision until it resolves any request by the plaintiffs who challenged the transgender policy as a violation of the U.S. Constitution to rehear their appeal.

“The Trump administration cannot circumvent the judicial process just to fast track its baseless, unfair ban on transgender servicemembers,” said attorney Jennifer Levi of the anti-discrimination group GLBTQ Legal Advocates & Defenders, who represents the plaintiffs.

President Donald Trump in 2017 announced a plan to ban transgender people from the military, reversing Democratic former President Barack Obama’s policy of allowing transgender troops to serve openly and get medical transition care.

In March 2018, Trump backed a revised policy from then-Defense Secretary Jim Mattis. It banned, in some circumstances, transgender people with gender dysphoria, or distress due to internal conflict between physical gender and gender identity.

The Mattis policy also banned transgender people who seek or have undergone gender transition steps.

(Reporting by Andrew Chung; Editing by Richard Chang)

Source: OANN

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Puerto Rico debt adjustment plan not ‘realistic’ in April: official

FILE PHOTO - Natalie Jaresko, Executive Director of the Federal Fiscal Control Board of Puerto Rico attends a meeting of the Financial Oversight and Management Board for Puerto Rico at the College of Engineers and Land Surveyors in San Juan
FILE PHOTO - Natalie Jaresko, Executive Director of the Federal Fiscal Control Board of Puerto Rico attends a meeting of the Financial Oversight and Management Board for Puerto Rico at the College of Engineers and Land Surveyors in San Juan, Puerto Rico October 31, 2017. REUTERS/Alvin Baez

March 19, 2019

SAN JUAN (Reuters) – The executive director of Puerto Rico’s federally created financial oversight board said on Monday that a plan to restructure the U.S. commonwealth’s core government debt likely cannot be done by the end of April.

An attorney for the board last week told a U.S. judge who is hearing Puerto Rico’s bankruptcy cases that a draft plan was expected next month, according to local media reports.

But on Monday, the oversight board’s executive director, Natalie Jaresko, said the attorney meant to say that the plan could be filed with the court “at best” in April.

“I don’t think it’s highly realistic to do this by the end of April,” Jaresko said, adding that board’s goal is to seek court confirmation of a plan before year end.

Negotiations are ongoing with creditors over a plan of adjustment for roughly $13 billion of general obligation debt and almost $50 billion in unfunded pension obligations, although the board has asked the court to void more than $6 billion of GO bonds issued in 2012 and 2014.

“We’re trying not to do a cramdown, but I don’t know where that’s going to end up in the end,” Jaresko said, referring to a process where an adjustment plan could be imposed on certain creditors.

She took questions from the media following a meeting on Monday with members of the U.S. House Natural Resources Committee, which oversees U.S. territories and which has raised concerns over the 2016 federal Promesa law that created the oversight board.

“I think the Promesa law is working right now,” Jaresko said, adding that she cannot predict whether Congress would seek to revise it.

A committee spokesman did not immediately respond to a request for comment.

The privatization of Puerto Rico’s bankrupt power utility, PREPA, is “moving forward,” but its pace “needs to improve,” Jaresko warned.

Governor Ricardo Rosselló announced in January 2018 his plans to privatize PREPA, a process that was expected to take 18 months. It was not until earlier this year, however, that the government selected companies to bid on taking over the distribution and transmission of power on the island. The utility, which filed for bankruptcy in the summer of 2017, continues to negotiate with its creditors to restructure roughly $9 billion in debt.

Puerto Rico has won court approval for restructurings of debt from its Government Development Bank and Sales Tax Financing Corporation known as COFINA.

(Reporting by Karen Pierog in Chicago and Luis Valentin Ortiz in San Juan; Editing by Matthew Lewis)

Source: OANN

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The Reiwa bump: new imperial era name sends ripples across Japan Inc

People gather to watch a huge screen broadcasting live reports on the unveiling of the new era name 'Reiwa' by Japan's Chief Cabinet Secretary Yoshihide Suga in Tokyo
People gather to watch a huge screen broadcasting live reports on the unveiling of the new era name 'Reiwa' by Japan's Chief Cabinet Secretary Yoshihide Suga in Tokyo, Japan, April 1, 2019, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS

April 1, 2019

By Sam Nussey

TOKYO (Reuters) – As Japan revealed the name of its new imperial era on Monday, Internet users rushed to register domain names linked to the choice, “Reiwa”, which also sparked a jump in name-related stocks.

For weeks, anticipation had mounted over the new era name, or “gengo,” which is used on coins, calendars, newspapers and in official paperwork, and over time captures a national mood.

Traffic on Japan’s largest registration site for website names surged tenfold after the news. The name, drawn from an ancient Japanese text, takes effect on May 1, when Crown Prince Naruhito becomes emperor.

“Most of our (Reiwa-related) domain names have been taken,” said a spokeswoman for GMO Internet, which runs the website, onamae.com.

The rush of those trying to check the meaning and the correct way to write the name also disrupted some services at website alc.co.jp of language service provider Alc Press, a spokeswoman said.

The first character of the name means “good” and “beautiful” as well as “order” or “command”, while the second means “peace” or “harmony”.

The announcement came a month early so government offices and companies can update computer software and make preparations to avoid glitches when the new era begins next month.

When the closely guarded secret was finally announced, investors spurred a “Reiwa” rise in some stocks.

Shares of book retailer Bunkyodo Group Holdings jumped as much as 29 percent on expectations that Japanese will buy copies of the Manyoshu anthology of poems that inspired the name. The stock closed up 4 percent.

Companies with tenuous links to the new name also received a boost.

Advertising firm Ray Corp, whose name sounds like the first syllable of Reiwa, rose as much at 19 percent before closing up 7 percent.

Daiwa Industries, known in Japanese as Daiwa Reiki Kogyo, rose 5 percent in heavy volume trade.

Companies outside Japan also experienced the impact.

Western Australian real estate portal REIWA, which runs the website reiwa.com, said 70 percent of its internet traffic on Monday came from Japan.

The surge could be an “opportunity to entice migration and foreign investment back into our state,” Chief Executive Neville Pozzi said in a statement.

(Reporting by Sam Nussey; Additional reporting by Ayai Tomisawa; Editing by Darren Schuettler)

Source: OANN

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O’Rourke raises eye-popping $6M in campaign’s first 24 hours

Beto O’Rourke, whose entry into the 2020 presidential race last week was accompanied by immense media fanfare, is already rolling in campaign cash.

The field’s newest candidate reported raising a whopping $6.1 million online in the first 24 hours after his announcement, marking a new record for the 2020 Democratic primary race.

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

“In just 24 hours, Americans across this country came together to prove that it is possible to run a true grassroots campaign for president -- a campaign by all of us for all of us that answers not to the PACs, corporations and special interests but to the people,” O’Rourke, a former Texas congressman who lost last year’s Senate race to Ted Cruz, said in a statement.

The previous record this year was set by Sen. Bernie Sanders, I-Vt., whose campaign posted a $5.9 million haul in the first 24 hours after his 2020 launch.

BETO O'ROURKE BOASTS OF HAVING 'REPUBLICAN' MOM --DESPITE HER FREQUENT VOTES FOR DEMOCRATS

The Sanders campaign touted that 223,047 individuals made contributions, averaging nearly $27 per person just like during his 2016 bid.

O’Rourke’s campaign did not break down an average but reported that the donations came from every state and territory in the country, “without a dime from PACs, corporations or special interests.”

Source: Fox News Politics

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NATO chief says Brazil, other Latin American countries could become ‘partners’

FILE PHOTO - NATO Secretary General Stoltenberg addresses joint meeting of Congress on Capitol Hill in Washington
FILE PHOTO - NATO Secretary General Jens Stoltenberg addresses a joint meeting of the U.S. Congress as Vice President Mike Pence and Speaker of the House Nancy Pelosi listen in the House Chamber on Capitol Hill in Washington, U.S., April 3, 2019. REUTERS/Carlos Barria

April 3, 2019

By David Brunnstrom

WASHINGTON (Reuters) – NATO can look at the possibility of other Latin American states joining Colombia in becoming alliance partners, Secretary General Jens Stoltenberg said on Wednesday, while appearing to rule out U.S. President Donald Trump’s suggestion that Brazil could one day become a full member of the North Atlantic security body.

“Until 2017, NATO didn’t have any partners in Latin America and then in 2017 we got our first partner, which was Colombia, and to be a close partner of NATO is something that is good for NATO and the partner country,” the NATO leader told Reuters in an interview ahead of a NATO ministerial meeting in Washington.

“So of course, it is a possibility to look into the possibility of having also other countries in Latin America become partners which then provides a platform, a framework for close political and practical cooperation,” he said.

At a joint White House news conference last month, Trump said he had told visiting far-right Brazilian President Jair Bolsonaro he would designate Brazil a “major non-NATO ally” and possibly go further by supporting a campaign to make Brazil “maybe a NATO ally,” something that would imply full membership of the North Atlantic Treaty Organization.

NATO membership is currently limited to countries of western Europe, Turkey, Canada and the United States, although NATO partner countries include Australia and New Zealand, as well as European non-members Sweden and Finland.

Ask if a country such as Brazil could become a member, Stoltenberg said:

“No. Partners are not members. But partners are very close partners. We work very closely with them, practically and politically, and that’s a very good way to strengthen cooperation with NATO and countries that are not members of the alliance.”

Asked about Brazil becoming a partner, he said:

“Well someone has to propose it and it also has to be a request from Brazil, but … we just agreed with Colombia to make Colombia a close partner with NATO and of course it’s absolutely possible to have more partners in Latin America, but it has to be an expressed wish from Latin America and of course (it’s) something we have to discuss then among the 29 allies.”

Earlier Stoltenberg addressed the U.S. Congress and delivered an impassioned defense of the partnership he called “the most successful alliance in history,” which has often been derided by Trump since he took office in 2017.

Colombia reached an agreement in 2017 to become the only Latin American nation to join NATO as a “global partner,” a relationship short of “ally” status, which means it would not necessarily have to take part in collective military action.

Other NATO global partners apart from those mentioned by Stoltenberg include Afghanistan, Iraq, Japan, South Korea, Mongolia and Pakistan.

Becoming a “major non-NATO ally” in itself implies a status upgrade that would give a country preferential access to purchases of U.S. military equipment and technology.

Supporting Brazil for alliance membership would be a considerable step further, one that Trump recognized would mean he would “have to talk to a lot of people.”

NATO membership is governed by Article 10 of its 1949 founding treaty, which limits invitations to European states, subject to the approval of existing members and meeting alliance criteria.

(Reporting by David Brunnstrom in Washington; Editing by James Dalgleish)

Source: OANN

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Foxconn Ventures sells $398.4 million in Alibaba stock: sources

The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou
The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province, China July 20, 2018. Picture taken July 20, 2018. REUTERS/Aly Song

March 20, 2019

(Reuters) – Foxconn Ventures Holdco has sold $398.4 million worth of Alibaba Group Holding Ltd’s shares, in a block trade in the open market managed by Goldman Sachs Group Inc, people familiar with the matter said on Wednesday.

Foxconn sold 2.2 million Alibaba shares on Wednesday at $181.10 per share, the sources said, asking not to be identified ahead of any official announcement.

Foxconn and Goldman Sachs did not immediately respond to requests for comment.

(Reporting by Joshua Franklin in New York; Editing by Chizu Nomiyama)

Source: OANN

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A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

Source: OANN

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A remote controlled robot for the 'Isotopium: Chernobyl' game is seen at the game's location in Brovary
A remote controlled robot for the ‘Isotopium: Chernobyl’ game is seen at the game’s location in Brovary, Ukraine April 25, 2019. REUTERS/Valentyn Ogirenko

April 26, 2019

By Margaryta Chornokondratenko

KIEV (Reuters) – A Ukrainian computer game that brings to life a town abandoned after the Chernobyl nuclear disaster may not sound like everyone’s idea of fun but has attracted 60,000 people globally since its launch in October.

Players of “Isotopium: Chernobyl” drive tanks around the ghost town of Prypyat near Chernobyl, knocking out competitors as they search for an energy source called isotopium and collecting points every time they find some.

While the game takes its theme from the nuclear disaster at Chernobyl in northern Ukraine, which marked its 33rd anniversary on Friday, it was also inspired by the 2009 science fiction film “Avatar”.

Newcomers to the game think they have entered a virtual world when in fact they are controlling a real robot, equipped with a camera and computer, which makes its way around a model of the town rendered down to the tiniest detail.

“When playing our game, for the first 5-10 minutes many players don’t understand that it is not fictional,” said the game’s co-founder Sergey Beskrestnov. “They message us saying: ‘You have cool texture, you have good graphics, your designer is good, well done. You have a cool operating system.’

“People then reply: ‘It is not an operating system, it is real,’ and the player can’t believe it is real,” said Beskrestnov, speaking mid-game from Prypyat city square as he towers over surrounding five-storey buildings.

Kiev-born Beskrestnov was just 12 years old when on April 26, 1986 a botched test at the nuclear plant in the then Soviet Union sent clouds of smoldering nuclear material across large swathes of Europe, forced over 50,000 people, including Beskrestnov’s family, to evacuate and poisoned unknown numbers of workers involved in its clean-up.

Beskrestnov and his partner Alexey Fateyev used Google maps and hundreds of pictures from the Chernobyl area to recreate Prypyat landmarks, including residential buildings, a hotel, concert hall, amusement park and a stadium.

The game’s real-scale model occupies a 180 square meter (1,938 sq. ft) basement of a residential building in the Ukraine city of Brovary, just 150 km (93 miles) from the Chernobyl Exclusion Zone and 30 km east of Kiev.

Miniature radioactivity warning signs, graffiti on the walls of abandoned buildings and tables and chairs left scattered inside a small cafe all add to the creepy atmosphere of a once lively town.

“It’s a really neat concept …,” Shaun Prescott wrote in a review of the game published by PC Gamer magazine in January. “Controlling the tanks is kinda cumbersome, but they are tanks, after all.”

An attentive player will notice at least one inaccuracy – the real Chernobyl nuclear power plant is not located in town as it is in the game.

It costs $9 to immerse in the atmosphere of a post-apocalyptic town for an hour but only 20 people at a time can play simultaneously. Beskrestnov’s company, Remote Games, said 62,615 people around the world have registered to play the game, including around 15,000 in France and 10,000 in the United States.

A camera fixed on top of a moving tank broadcasts high quality signal in real time, allowing players from as far apart as Australia and Canada enjoy the game without facing any time delay in delivering video signals.

Its creators next ambition is to devise a game featuring the colonization of Mars in which 1,000 people will be able to simultaneously control robots on different missions involved in the operation.

“Many people advise us to contact Elon Musk directly because it resonates his dreams and ideas,” Beskrestnov jokes.    

(Editing by Susan Fenton)

Source: OANN

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FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California
FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – Initial optimism over first-quarter results from Starbucks Corp was waning fast on Wall Street on Friday, as analysts questioned the longer-term prospects of its new sales push given subdued overall customer traffic numbers especially in China.

The company on Thursday beat brokerage estimates for quarterly same-store sales on the back of demand for its new Cloud Macchiato, Matcha tea and cold brews in the United States.

However, BTIG’s Peter Saleh was one of a number of sector analysts who said while customers forking out for higher-priced new drinks had helped drive growth in same-store sales, “anemic” traffic at cafes remained a concern.

He and others pointed to a 1 percent decline in footfall at cafes in the Chinese market, viewed as crucial to the chain’s growth for the foreseeable future.

More broadly, transaction numbers, the substitute analysts use for customer traffic, were unchanged in all three of the company’s global regions.

Shares in the company, which hit a record high after the results on Thursday, fell 1 percent in morning trade.

“We remain cautious given near-term headwinds surrounding China, including cannibalization, increasing competition (and) a slowing economy,” Wedbush analyst Nick Setyan said.

Starbucks has also poured money into beefing up its delivery network in China as it battles with local startup Luckin Coffee, whose speedy growth led it to file for an IPO in the United States earlier this week.

New menu items and partnerships with delivery services, the heart of the company’s strategy to win back customers lost to artisanal coffee shops and cheaper fast-food rivals, did help Starbucks’ sales in its home market.

However, analysts said growth in China may continue to be subdued.

Wells Fargo analyst Bonnie Herzog said she expects store expansion in China to take priority over comparable sales growth.

She downgraded her rating on Starbucks’ to “market perform” from “outperform”, arguing that the company facing tough sales comparisons later on in 2019 from last year and the current rich valuation of shares meant the stock had limited room to rise.

“Investors will be hesitant to invest new money in a stock with a topline that, while still strong, is unlikely to meaningfully accelerate,” Herzog said.

Still, the company’s solid same-store growth in the United States, improving profit margins and a lower tax rate for the rest of the year led at least 6 Wall Street brokerages to raise their price targets on the stock to as high as $81.

11 of 29 brokerages rate Starbucks “buy” or higher, 17 “hold” and 1 “sell” or lower. Their median price target is $75.

(Reporting by Uday Sampath in Bengaluru)

Source: OANN

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