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AOC to Bank Execs: Should More Have Gone to Jail for Financial Crisis?

Firebrand freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., grilled banking bigwigs Wednesday on whether more industry chieftains should have gone to jail for the 2007 financial crisis.

In a House Financial Services Committee hearing, Ocasio-Cortez expressed "concerns about how much things have really changed" since the recession, The Hill reported.

The progressive lawmaker pointed to fines and penalties like Bank of America's $16.5 billion settlement in 2014 over misconduct related to mortgage-backed securities, as well as a $20 million and another $720 million in consumer relief.

She questioned whether they were viewed merely as "the cost of doing business," The Hill reported.

"I represent kids that go to jail for jumping a turnstile because they can't afford a MetroCard," Ocasio-Cortez told Morgan CEO Jamie Dimon. "Do you think that more folks should have gone to jail for their role in a financial crisis that led to 7.8 million foreclosures in the 10 years between 2007 and 2016?"

Dimon demurred, saying it was a question for "legal experts," while asserting no one should be imprisoned for jumping a turnstile, The Hill reported.

The committee summoned CEOs of the nation's largest banks as a group for the first time since 2009 for the hearing — all claiming their companies have become safer and more responsible since they were bailed out during the crisis, The Hill reported.

Source: NewsMax Politics

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Afghan official: 3 explosions target Shiite shrine in Kabul

An Afghan official says three explosions have struck near a Shiite shrine and cemetery in western Kabul as people gathered there to mark the holiday of Nowruz, the Persian New Year.

There were no immediate reports of casualties.

Interior Ministry spokesman Nasrat Rahimi says Shiite worshippers came to the Karti Sakhi shrine in the Afghan capital when the blasts took place on Thursday morning in the Shiite neighborhood. The tradition at the shrine is to hoist green flags and honor the dead at the cemetery by placing food at the gravesides.

It's unclear what caused the explosions and no group immediately claimed responsibility for the attack.

The Islamic State affiliate in Afghanistan has in the past targeted the country's Shiites. The Sunni militant group considers Shiite Muslims heretics.

Source: Fox News World

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Trump Picks Green Bay, Wisconsin, for Rally on Night of Press Dinner

President Donald Trump will hold a campaign rally in Wisconsin on the night of the annual White House Correspondents' Association dinner in Washington.

Trump's re-election campaign announced Tuesday that the rally will be held April 27 at Green Bay's Resch Center. Trump eked out a narrow victory in the state in 2016.

The president has bucked tradition and skipped the annual black-tie affair every year since taking office. Earlier this month, he said he's skipping this year's dinner for the third year in a row because it's "so boring" and "so negative." He said he would hold "a very positive rally instead."

Presidents and first ladies have traditionally attended the dinner. It's a fundraiser for college scholarships and an occasion where politicians, journalists and celebrities mingle. Journalism prizes are also awarded.

Source: NewsMax Politics

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Actresses Huffman, Loughlin among 50 charged in U.S. college fraud scheme

FILE PHOTO: 24th Screen Actors Guild Awards – Show – Los Angeles
FILE PHOTO: 24th Screen Actors Guild Awards – Show – Los Angeles, California, U.S., 21/01/2018 – Actress Felicity Huffman speaks on stage. REUTERS/Mario Anzuoni/File Photo

March 12, 2019

By Nate Raymond

BOSTON (Reuters) – Hollywood actresses Felicity Huffman and Lori Loughlin were among 50 people charged by U.S. federal prosecutors on Tuesday in a $25 million scheme to help wealthy Americans cheat their children’s way into elite universities, such as Yale and Stanford.

Federal prosecutors in Boston charged William “Rick” Singer, 58, with running the racketeering scheme through his Edge College & Career Network. His network served a roster of clients including actresses and chief executives.

Prosecutors said Singer’s operation arranged for fake testers to take college admissions exams in place of his clients’ children, and also bribed coaches to give admissions slots meant to be reserved for recruited athletes even if the applicants had no athletic ability.

Parents paid tens of thousands of dollars for his services, which were masked as charitable contributions, prosecutors said.

Singer is scheduled to plead guilty on Tuesday in Boston federal court to charges including racketeering, money laundering and obstruction of justice, according to court papers. He could not be reached for immediate comment.

Some 33 parents were charged, as well as 13 coaches and associates of Singer’s business. Huffman and Loughlin were not immediately available for comment.

On a call with a wealthy parent, prosecutors said, Singer summed up his business thusly: “What we do is help the wealthiest families in the U.S. get their kids into school … my families want a guarantee.”

The scheme began in 2011, prosecutors said, and also helped children get into the University of Texas, Georgetown University, the University of Southern California and the University of California, Los Angeles.

Part of the scheme involved advising parents to pretend to test administrators that their child had learning disabilities that allowed them extended time to take the exam.

The parents were then advised to choose one of two test centers that Singer’s company said they have control over: one in Houston, Texas, and the other in West Hollywood, California.

The test administrators in the those centers took bribes to allow Singer’s clients to cheat, often by arranging to have a student’s wrong answers corrected after completing the exam or having another person take the exam.

In many cases, the students were not aware that their parents had arranged for the cheating, prosecutors said.

John Vandemoor, a former Stanford University sailing coach, is also scheduled to plead guilty to racketeering conspiracy charges.

(Reporting by Nate Raymond in Boston; Additional reporting by Jonathan Allen and Joseph Ax in New York; Writing by Jonathan Allen; Editing by Scott Malone, Bernadette Baum and Bill Berkrot)

Source: OANN

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Sarah Sanders: Democrats ‘unwilling’ to help President Trump solve crisis at southern border

White House Press Secretary Sarah Sanders accused the Democrats of being "unwilling to do anything" to help solve the crisis on the border.

Sanders made the comment during an appearance on “Fox & Friends” Thursday, claiming the party's inaction is leaving President Trump and his White House with "little options."
 
“Democrats at this point – their unwillingness to do anything has left the president with very little options,” Sanders said, before thanking Mexican officials for helping.

DHS SECRETARY TO TRAVEL TO SOUTHERN BORDER AMID MIGRATION CRISIS

“Mexico has stepped up over the last few days. They are working with us to do more to stop more people from coming into this country illegally.”
 
The hosts pressed Sanders on what Mexico steps Mexico is taking to help the United States on the border.
 
“For one they have added a large number of additional checkpoints to stop people before they even get into Mexico," she said.

"They are also stepping up the number of individuals that are waiting for their asylum claims in the United States to be processed and they’re holding those individuals in Mexico instead of the United States while that takes place it’s up to about 300 a day."
 
The topic then turned to President Trump's trip to the border Friday to showcase a newly built section of the wall in Calexico, California.
 
Sanders says the trip is meant to show everyone the progress made on the border wall.
 
The press secretary also asked Congress to take border security more seriously and help in stopping unaccompanied minors from being used as a ticket into the United States.
 
“Look, there are some basic things that Congress could do starting with allowing unaccompanied minors to be returned and reunited with their family. The fact that an unaccompanied child can come to this country and we do not have the ability to legally return them back home to be reunited with their family and their home country is absurd,” Sanders said.

IT'S A 'CAT 5' IMMIGRATION CRISIS: NIELSEN

Sanders put the problems with unaccompanied minors squarely on Democrats in Congress.
 
“That is a simple fix that would drastically not only reduce the influx that we’re seeing come across the border, but it would also stop the exploitation of these children – through human trafficking, through the cartels, through the coyotes that are using these kids to come across the border,” Sanders said.
 
“It’s absolutely absurd and frankly it’s dangerous and it's mean and cruel what Democrats are doing by not fixing basic law so we can actually help these kids and protect them and reunite them with their families.”

Source: Fox News Politics

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Smollett Story Not Only Hoax Hate Crime During Trump Years

The fiasco surrounding actor Jussie Smollett is not the only hoax hate crime that has been pinned on supporters of President Donald Trump, as a new analysis shows.

On the same day Chicago police arrested Smollett for filing a false police report after he claimed to have been attacked by two Trump supporters, only to have the story fall apart and his alleged hoax exposed, the New York Post compiled a list of other instances where people claimed to have been the victims of Trump supporters before their lies were revealed.

Some of the examples highlighted by the Post:

  • An African-American man was found to have set fire to and defaced a Mississippi Baptist church — the church where he worshipped — with graffiti that read, "Vote Trump" days before the 2016 presidential election.
  • An organ player who is gay spray-painted his own church with "Heil Trump" and an expletive five days after the election. He later said he was "scared" and "wanted other people to be scared with me."
  • An 18-year-old Muslim woman lied about three drunk men shouting "Donald Trump" at her and trying to rip off her hijab on a New York City subway platform in December 2016.
  • A black cadet at the Air Force Academy was found to have posted racial messages directed at himself and four other black cadets in September 2017.
  • A 20-year-old African-American told Long Island police in September 2018 that four teenagers yelled "Trump 2016!" at her, slashed her tires, and gave her a note that said "Go home." She later said she fabricated the story.

Smollett originally claimed two men beat him up in Chicago one night last month, dumped bleach on him, put a noose around his neck, and said "this is MAGA country." Police said Thursday, however, he paid two men to stage the attack and he also sent a hate-filled letter to himself.

Source: NewsMax America

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Iran to ‘resist’ Trump decision on Israel’s hold over Golan

Iran's president says his country will resist the Trump administration's acceptance of Israel's control over the Golan Heights.

Hassan Rouhani said on Friday that President Donald Trump's decision this week is "trampling on international regulations about the Golan."

Rouhani says Iranians too "should resist and that way gain victory" over the U.S. and Israel.

Israel seized the Golan in the 1967 Mideast war after Syria had for years used the strategic plateau to shell northern Israel. Syria and many Arab states have denounced Trump's move.

Iranian Foreign Minister Mohammad Javad Zarif said Thursday the U.S. decision is a reminder to Arab and Muslim countries that U.S. and Israel "will steal your lands."

Iran doesn't recognize Israel and supports Syria and anti-Israeli militant groups like Hamas and Lebanese's Hezbollah.

Source: Fox News World

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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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Senior White House adviser Jared Kushner said Tuesday that a detailed plan for a merit-based immigration system will be presented to President Trump, giving priority to skilled immigrants rather than those with family ties to the U.S.

“I do believe that the president’s position on immigration has been maybe defined by his opponents by what he’s against as opposed to what he’s for,” Kushner said at the Time 100 Summit in New York City. “What I’ve done is I’ve tried to put together a very detailed proposal for him.”

KUSHNER: RUSSIA INVESTIGATION HAD ‘HARSHER IMPACT’ ON US THAN ELECTION MEDDLING

Kushner announced that the new immigration proposal, which Trump will receive this week or next, will resemble the point-based systems in Canada, Australia and New Zealand, and will unify people by ensuring strong wages and secure borders while protecting humanitarian values.

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term,” he said. “And my hope is we can really do something that unifies people around what we’re for on immigration.”

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term. And my hope is we can really do something that unifies people around what we’re for on immigration.”

— Jared Kushner

JARED KUSHNER RESPONDS AFTER HASAN MINHAJ CALLS OUT HIS TIES TO SAUDI PRINCE

Kushner denied in the same talk that he has clashed with White House staffer Stephen Miller, who’s seen as tougher on immigration than others, adding that the plan was concocted with the help of Miller and Kevin Hassett, chairman of the Council of Economic Advisers.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison,” Kushner joked, referring to the Israel-Palestine peace plan he’s working on.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison.”

— Jared Kushner

After the plan gets presented to Trump, it will likely undergo some changes and then he will decide when to proceed with it, Kushner said.

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“It’s very, very complicated, but it’s a very interesting issue, and if we can solve it, I do think it’s a critical component for America’s long-term competitive advantage,” he added.

The Associated Press contributed to this report.

Source: Fox News Politics

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