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Biden running ‘dishonest’ campaign, Sanders a ‘romantic figure,’ Mark Steyn tells Tucker

Conservative columnist Mark Steyn on Thursday outlined the difference between Democratic presidential frontrunners Joe Biden and Bernie Sanders, saying that Biden is being forced to run a "dishonest" race while Sanders has been 'romanticized' by the "new" Democratic Party.

"I don't think it's his skin color or his age," Steyn said of Biden on Fox News' "Tucker Carlson Tonight," "because as much as I enjoy hearing all these people beat up on a 76-year-old white man, his principal rival in the Democratic primary is a 77-year-old white man.

JOE BIDEN OFFICIALLY LAUNCHES 2020 PRESIDENTIAL BID

"And the difference between them," Steyn told host Tucker Carlson, "I think is that Bernie is a romance for his supporters. He is a romantic figure, a romantic, insane figure, but he is a romantic."

Biden formally announced his candidacy with a video posted Thursday morning.

"The core values of this nation, our standing in the world, our very democracy, everything that has made America -- America -- is at stake. That’s why today I’m announcing my candidacy for president of the United States," Biden added in a Twitter message.

Steyn said Biden has been "disowned" by his own party and seems like he's now trying to be someone other than the politician he has been his entire career.

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"Biden is tired and in the awful position of being unable to run as himself, because the Democrats have basically disowned 90 percent of what Joe Biden has been doing in Washington the last 45 years," Steyn said.

"So that's a terrible problem for a guy, when you have to run in an essentially dishonest way, which is why he gave this a tortured and weird rationale as to why he has decided to get into the race in this video.

"Bernie has it way easier," Steyn added. "Bernie just gets to be Bernie, and Biden is trying to be something other than Biden."

Source: Fox News Politics

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Air Force grounds B-1 bomber fleet over ejector-seat issue

The U.S. Air Force is grounding its B-1B bombers over a mechanical issue with the plane’s “drogue chute.” It’s the second time in almost a year and a half in which a temporary stand-down order was announced for the planes.

The problem is with the parachute feature connected with the pilot's ejection seat.

Reports said a routine inspection by airmen on one aircraft found a rigged "drogue chute" incorrectly installed. That raised concerns that the issue could affect other planes.

Currently, there are 62 B-1B Lancer bombers in the branch’s flight inventory. It is also referred by its nickname, the “Bone.”

The grounding should only last a “few weeks,” and no more than a month, according to officials.

AIR FORCE SQUADRONS SHOWCASE 'OVERWHELMING COMBAT AIRPOWER' DURING ELEPHANT WALK

The plane has been used extensively in Operation Inherent Resolve against Islamic State targets in Syria and Iraq, launching long-range cruise missiles. It is not a nuclear bomber, but  rather deploys conventional weapons.

A U.S. Air Force B-1B Lancer taking off from Nellis Air Force Base in 2006. (Ethan Miller/Getty Images, File)

A U.S. Air Force B-1B Lancer taking off from Nellis Air Force Base in 2006. (Ethan Miller/Getty Images, File)

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In June 2018, the U.S. fleet was grounded for safety reasons for about three weeks due to an issue with the ejection seat system.

There are currently no B-1 bombers flying overseas, according to defense officials. They are predominantly housed at two domestic bases: Ellsworth Air Force Base in South Dakota and Dyess Air Force Base in Texas.

Source: Fox News National

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Trump calls on UAW to lower workers' dues during visit to Lima, Ohio, tank plant

Members of America's largest autoworkers union are paying too much in dues, President Trump said Wednesday during a speech at an Ohio tank plant.

The president criticized the leadership of United Automobile Workers (UAW) and called on them to lower the membership fees for the organization's 400,000 members.

TRUMP CALLS GM'S CEO MARY BARRA IN PUSH TO REOPEN OHIO AUTO PLANT

Trump's remarks at the Joint Systems Manufacturing Center in Lima, Ohio, known as the Lima Army Tank Plant, also referred to the idling of a General Motors plant in Lordstown last year. Lordstown is in eastern Ohio, about 193 miles east of Lima.

“They could’ve kept that gorgeous plant,” Trump said, according to Cleveland.com. “Lower your dues. Lower your dues.”

But employees pay dues to the union, not to General Motors, the report noted.

Just days ago, Trump criticized President Dave Green of UAW Local 1112, the chapter that represents the Lordstown workers.

"Democrat UAW Local 1112 President David Green ought to get his act together and produce. G.M. let our Country down, but other much better car companies are coming into the U.S. in droves. I want action on Lordstown fast. Stop complaining and get the job done!" the president wrote.

Green had criticized Trump's tax cut during an interview Sunday with Fox News, saying it "incentivized corporations like (GM) to pay less taxes on profits when they bring products in from outside our borders."

LOCAL UAW LEADER RESPONDS TO TRUMP TWEET: 'I'M TRYING TO STAY OUT OF THE FEUD' 

On Wednesday, Green told Fox News' Dana Perino that he hasn't "taken any of this personally," and that he wants legislators to work together. He said his union "just wants to better policy," and that he is trying to "stay out of the feud" between Trump and GM CEO Mary Barra.

Ohio Democrats defended Green and the union, with 2020 Democratic presidential candidate Beto O'Rourke personally meeting with Green on Monday in Lordstown, the paper reported.

On his Wednesday speech, Trump also leveled larger criticism at union leaders.

“I want to deal with the people in the union, not the heads of the union, because the heads of the union are not honest people,” Trump said, according to the Washington Examiner. “They’re not honest. They’re not honest and they ought to lower your dues, by the way. They ought to stop with the dues. You’re paying too much dues.”

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The union responded by saying it has already put in place a plan for members' dues to be lowered to their pre-2011 level as soon as the strike fund reaches $850 million, the Detroit Free Press reported.

Source: Fox News Politics

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Thomas Cook approached by potential bidders: Sky News

Illustration photo of a Thomas Cook logo
The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

April 20, 2019

(Reuters) – Thomas Cook has been tentatively approached about a takeover of its tour operating unit, or the entire company, by several parties as its lenders prepare for crunch talks over the state of its finances, Sky News reported on Saturday.

The company, which has put its airline business up for sale, last month announced a review of its money division to help focus on its core holiday business after a rough 2018.

Citing unnamed sources, Sky News reported https://news.sky.com/story/bidders-try-to-land-thomas-cook-as-lenders-chart-new-course-11698817U.S. private equity firm KKR & Co and Swedish buyout group EQT Partners were potential bidders for the group, while China’s Fosun International was understood to be among those to have lodged a preliminary interest in the tour business.

Thomas Cook, the world’s oldest tour operator, has brought in advisers from AlixPartners to work on its balance sheet and cost-reduction plans, while its syndicate of more than a dozen lenders has hired FTI Consulting to advise on their financial exposure to the company, the report added.

Thomas Cook and KKR said they won’t be commenting on the report. EQT declined to comment, while Fosun could not be immediately reached for comment.

(Reporting by Sathvik N in Bengaluru; Editing by David Holmes)

Source: OANN

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The Latest: 6 blasts target churches, hotels in Sri Lanka

The Latest on explosions in Sri Lanka on Easter Sunday (all times local):

10:50 a.m.

A security official says six near simultaneous blasts have hit three churches and three hotels in Sri Lanka on Easter Sunday.

The official says the explosions have caused multiple fatalities among worshipers and hotel guests.

The official says they suspect the blasts at two churches were carried out by suicide bombers.

One church, St. Anthony's Shrine, and the three hotels are in Colombo and are frequented by foreign tourists. The other two churches are in Negombo, a Catholic majority town north of Colombo, and the eastern town of Batticaloa.

The official spoke on condition of anonymity as he was not authorized to speak with reporters.

___

10:10 a.m.

Witnesses are reporting two explosions have hit two churches in Sri Lanka on Easter Sunday, causing casualties among worshippers.

The first blast ripped through St. Anthony's Shrine in Colombo.

Alex Agileson who was in the vicinity says buildings in the surrounding area shook with the blast.

He says a number of injured were carried in ambulances.

A second explosion was reported at St. Sebastian's Church in Negombo, a Catholic majority town north of Colombo.

The church has appealed for help on its Facebook page.

Sri Lankan security officials say they are checking for details.

Source: Fox News World

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Standard Chartered to pay $1.1 billion for sanctions-controls lapses: U.S. regulators

FILE PHOTO: A logo of Standard Chartered is displayed at the financial Central district in Hong Kong
FILE PHOTO: A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip/File Photo

April 9, 2019

WASHINGTON (Reuters) – London-based Standard Chartered PLC has agreed to pay $1.1 billion for sanctions-controls lapses, the U.S. Federal Reserve said.

As part of an overall settlement, the regulator says it has fined Stanchart $164 million.

While the bank has not confirmed or denied the charges, it will improve its U.S. law compliance program and strengthen management oversight, the Fed said.

(Reporting by Katanga Johnson; Editing by Chizu Nomiyama)

Source: OANN

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Maine fire chief dies after suffering medical episode while attending firefighter's funeral

A Maine fire chief died Sunday after suffering a medical episode while attending the funeral of a firefighter who was killed battling a blaze earlier this month, the state's governor said.

The Portland Fire Department told Fox 23 it responded to a parking garage outside the downtown Cross Insurance Arena approximately one hour before the scheduled start of the funeral service for Berwick Fire Capt. Joel Barnes. Oxford Fire Chief Gary Sacco was pronounced dead at Maine Medical Center. Further details were not immediately available.

Sacco was named Oxford fire chief in June 2017. He previously retired as chief in nearby New Gloucester in 2015 after 12 years in that job.

"Our hearts, already broken by the loss of Captain Joel Barnes, also mourn the loss of Oxford Fire Chief Gary Sacco. In a testament to his own character, Chief Sacco lost his life while honoring that of his fallen brother, fellow firefighter Captain Barnes," Maine Gov. Janet Mills said in a statement. "I join with people across Maine in offering my thoughts and prayers to Chief Sacco's family and friends, the Oxford Fire Department, and all of Maine's first responders. The State of Maine has given two of its best to the Heavens."

CALIFORNIA BOY, 2, HELPS FIREFIGHTER RESPONDING TO CALL, VIDEO SHOWS

Barnes, 32, was injured and later died after he shielded a colleague from a March 1 four-alarm fire at an apartment building in Berwick. He and another firefighter encountered a wall of flames on the third floor and had to be rescued. Five firefighters were injured that day, and Barnes died at a hospital in New Hampshire.

Berwick Fire Chief Dennis Plante said Barnes had made "the ultimate sacrifice" and called him "my hero."

Berwick Fire Capt. Joel Barnes pulling a ladder on the scene of a June 2017 structure fire in Somersworth N.H. (Erin Thomas via AP, File)

Berwick Fire Capt. Joel Barnes pulling a ladder on the scene of a June 2017 structure fire in Somersworth N.H. (Erin Thomas via AP, File)

Barnes became the first Maine firefighter to die while battling a fire in nearly 40 years. Stephen McCausland of the Maine Department of Public Safety told The Associated Press that the last time it happened was in 1980 when Portland Firefighter Joseph Cavallaro Jr. died of burns and asphyxiation while fighting a three-alarm fire at the Phoenix Nightclub.

The day started with a private Mass for Barnes in Old Orchard, where he grew up. Then a procession escorted Barnes' body up I-95 to South Portland, where the casket was placed in a fire truck.

From there, the procession headed across the Casco Bay Bridge where fire boats saluted Barnes en route to the arena, one of the few venues in the state large enough to host such a gathering.

Barnes' uncle, also named Joel, grew teary as he described a nephew who grew up dedicated to serving the community as a firefighter. He recalled how an elderly neighbor once gave a plastic firefighter hat to then-toddler Joel, who soon became "obsessed" with studying fire science books and preparing himself for a career that took him from Maine, to Massachusetts, to South Carolina and back to his family in Maine.

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"Without hesitation, he gave his life to save the life of another firefighter," Barnes said. "And he did it in the most selfless, courageous way possible."

Mills lowered flags to half-staff to honor Barnes. She said his life and service exemplified "unfaltering courage, selflessness and love for his fellow man."

The Associated Press contributed to this report.

Source: Fox News National

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

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