Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Covington Catholic Student Sues CNN for $275 Million

The family of high school student Nick Sandmann is suing CNN for $275 million for the network's coverage of an incident after the March For Life in January.

According to Fox News, the suit was filed in the U.S. District Court for the Eastern District of Kentucky. It alleges CNN "elevated false, heinous accusations of racist conduct" against Sandmann. It also said CNN did not follow "well-established journalistic standards and ethics."

Sandmann, 16, is a Covington Catholic High School student who was filmed looking straight at a Native American activist as the man stood inches from Sandmann's face. Initial reports indicated Sandmann and his classmates were taunting the man, named Nathan Phillips. Subsequent videos that were released showed that a group of Black Hebrew Israelites was taunting the schoolboys.

Celebrities, news organizations and their commentators, and other public figures slammed the students, who were wearing "Make America Great Again" hats, for their perceived verbal attacks on the Native Americans — which was shown not to have happened.

Sandmann already filed a $250 million lawsuit against The Washington Post last month because of its reporting on the story.

Source: NewsMax America

0 0

Greece to submit foreclosure bill on Friday with or without lenders’ approval

People make their way past the National Bank of Greece headquarters in central Athens
FILE PHOTO: People make their way past the National Bank of Greece headquarters in central Athens, Greece, February 19, 2017. Picture taken February 19, 2017. REUTERS/Michalis Karagiannis

March 20, 2019

ATHENS (Reuters) – Greece is planning to submit a bill to parliament on Friday to protect borrowers from home foreclosures, a government official said on Wednesday, though it is yet to secure the agreement of its lenders on its terms.

A wrangle over rules governing loans that have pledged a primary home as collateral helped delay the release of about 1 billion euros from Greece’s lenders, including the European Union and the European Central Bank, earlier this month.

The lenders, who are still monitoring Greece’s progress after it emerged from an international bailout seven months ago, want stricter terms than those proposed by Athens.

“Talks between the government and the supervisory institutions over the clarification of technical details will continue until Friday,” the official said, without clarifying if the government would submit the bill without securing lenders’ consent.

To conclude its second-post bailout review and qualify for the cash, Athens needs to get the green light from lenders before the new framework passes into law.

The issue is set to be discussed at a meeting of euro zone deputy finance ministers on Monday. A Commission representative said on Wednesday he is optimistic a deal can be reached before a meeting of euro zone finance ministers on April 5.

Greece has been working on a new framework to succeed a law protecting borrowers from home foreclosures to accelerate the clean-up of bad loans burdening its banking sector, while protecting those hit by the crisis.

Its latest disagreement with lenders hinges on the scope of the new legal framework, including ceilings on primary home market values, income criteria to qualify for protection and the inclusion of small corporate loans.

A banker told Reuters on Wednesday that talks had reached a stalemate. Greece wanted to include a total of 11 billion euros in sour loans in the new scheme, while the lenders had capped the amount to 6-7 billion, another banker said.

Sour loans account for about 45 percent of banks’ overall loan book. The country has promised regulators it will take steps to shrink bad loans by more than a third by the end of 2019.

(Reporting by Lefteris Papadimas; Editing by Renee Maltezou and Jan Harvey)

Source: OANN

0 0

U.N. agency works to clamp down on illicit shipping practices

FILE PHOTO: Italian marines check a crew member as they patrol the British Royal navy vessel Echo, during the NATO Operation Sea Guardian in Mediterranean sea, off the coast of Taranto
FILE PHOTO: Italian marines check a crew member as they patrol the British Royal navy vessel Echo, during a practical demonstration of boarding on a suspect ship, during the NATO Operation Sea Guardian in the Mediterranean sea, off the coast of Taranto, Italy September 20, 2018. REUTERS/Alessandro Bianchi/File Photo

April 4, 2019

By Jonathan Saul

LONDON (Reuters) – The United Nations’ shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use flag registries fraudulently to conceal their activities, officials said.

All commercial ships have to be registered – flagged in a particular country – partly to comply with safety and environmental laws.

With international and U.S. sanctions imposed on countries including North Korea, Iran and Syria, some ships involved in such trade have used tactics to sidestep the measures including turning off their location transponders and falsely reporting their flag registry, also to secure insurance.

Drug and weapon smuggling are among other areas of trade in which front companies attempt to conceal their activities to avoid being detected.

The International Maritime Organization (IMO) agreed on a series of measures after a committee session last week which included the creation of a comprehensive database of registries and ways to improve information on the illegal registration of ships, the IMO said.

Other recommendations included enhanced verification of vessels through their unique IMO numbers and adherence to the requirement for an onboard record of a ship’s history.

The IMO will also work with the U.N. Security Council to create a searchable database that would show vessels subject to U.N. resolutions. The work is expected to be completed in 2021.

“Experience has shown that the raison d’être of fraudulent registries is to conceal illicit activity on board vessels, including activities prohibited by United Nations sanctions,” the United States said in one submission to the IMO.

Multiple countries have reported to the IMO that their registries had been used without the knowledge of the maritime authority for fraudulent purposes through fake documents or even maintaining the flag after it had been terminated.

Tanzania said it had experienced more than 20 cases of the fraudulent use of its flag since 2016, discovered after collaboration with other countries.

Ukraine, meanwhile, says shipments from Crimea violate Western sanctions and has complained to the IMO, asking member states to de-list any vessels involved. Crimea has been under Western sanctions since Russia annexed it from Ukraine in 2014.

In a statement to the IMO, Vitalii Moshkivskyi, Ukraine’s deputy permanent representative, pointed to “more than 80 ships unlawfully registered in the closed seaports in Crimea”.

Moshkivskyi said such activity had “grave implications for the safety and security of navigation”.

A spokesman with the Russian Federal Agency for Maritime and River Transport declined to comment.

(Additional reporting by Gleb Stolyarov in Moscow; Editing by Dale Hudson)

Source: OANN

0 0

Tennis: Men’s Olympic final to be best-of-three sets

FILE PHOTO: Shadow of of Tokyo governor Yuriko Koike is seen on the logo of Tokyo 2020 Olympic games during the Olympic and Paralympic flag-raising ceremony at Tokyo Metropolitan Government Building in Tokyo
FILE PHOTO: A shadow of of Tokyo governor Yuriko Koike is seen on the logo of Tokyo 2020 Olympic games during the Olympic and Paralympic flag-raising ceremony at Tokyo Metropolitan Government Building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo

April 3, 2019

LONDON (Reuters) – The men’s tennis final at next year’s Tokyo Olympics will change format to a best-of-three tiebreak sets instead of five, the International Tennis Federation (ITF) said on Wednesday.

The decision brings the men’s gold medal match into line with other Olympic singles matches which are all played as best-of-three sets.

The ITF said men’s and women’s doubles matches would feature a match tiebreak to 10 points when tied at one-set all, as is the case in mixed doubles.

“These amendments reduce concerns of overplay for players who reach the latter stages of all three events — singles, doubles and mixed doubles,” the ITF said in a statement.

(Reporting by Alan Baldwin; Editing by Pritha Sarkar)

Source: OANN

0 0

Swiss financial watchdog finds $90 million initial coin offering illegal

FILE PHOTO: The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern
FILE PHOTO: The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern, Switzerland April 5, 2016. REUTERS/Ruben Sprich/File Photo

March 27, 2019

By Tom Wilson

LONDON (Reuters) – The Swiss financial watchdog said on Wednesday the firm behind a $90 million initial coin offering (ICO) took money illegally from investors, highlighting a readiness by regulators to apply traditional market rules to cryptocurrency-related fundraising.

Swiss firm Envion AG, which is now in liquidation, accepted more than 90 million Swiss francs ($91 million) from at least 37,000 investors in exchange for bond-like tokens issued without a license, the Swiss Financial Market Supervisory Authority (FINMA) said in a statement.

FINMA said the conditions under which the tokens were issued were not equal for all investors; that the prospectuses did not meet minimum requirements; and that Envion did not have an internal audit arm – a legal requirement.

Envion’s former chief executive Matthias Woestmann said in a statement that a FINMA report, which has not been made public, said investigators could not find any misappropriation of funds, and that it was evident there had been no intention to damage investors.

“There was no misappropriation of assets,” he said.

Policymakers around the world have wrestled with how to craft legal frameworks for ICOs and so-called security token offerings (STOs) – where tokens with features akin to traditional securities are sold.

The new forms of fundraising have allowed start-ups founded on cryptocurrency technologies such as blockchain to quickly raise capital by issuing virtual tokens or coins. But the risk of fraud and lack of transparency about who owns cryptocurrencies have made regulators wary.

Some states, like Switzerland, have moved to treat ICOs as securities, applying rules used for traditional capital markets. That means a step up in regulation for many projects, subjecting them to trading laws and detailed disclosure requirements, and offering protection to investors.

Other countries, like China and India, have banned ICOs altogether. The U.S. Securities and Exchange Commission last year deemed that some ICOs could count as securities.

Switzerland has become a global leader in ICOs and STOs. Six of the biggest 15 ICOs and STOs since 2016 have taken place in the country, according to PwC.

Last year, the worldwide number of successful ICOs and STOs more than doubled to over 1,130 from a year earlier, PwC said.

As FINMA investigated Envion, a court in the Zug canton – known as “Crypto Valley” for its concentration of virtual coin-related firms, opened bankruptcy proceedings against the firm over “organizational shortcomings”.

As a result, FINMA said, further measures against the firm were not necessary.

(Reporting by Tom Wilson; Additional reporting by John Revill; Editing by Mark Potter)

Source: OANN

0 0

Maduro's Useful Idiots

Much of the left in Europe and the US continues to subscribe to a Cold War worldview, in which virtually any domestic revolution stands in direct opposition to the ultimate enemy: Western imperialism. When it comes to Venezuela, that stance effectively advances the interests of multiple dictatorships.

Read Full Article »

0 0

Wirecard says all subsidiaries are audited, denying FT report

The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim
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 September 6, 2018. REUTERS/Michael Dalder

April 24, 2019

FRANKFURT (Reuters) – German digital payments company Wirecard on Wednesday said all its subsidiaries were subject to regular audits, denying a Financial Times report.

The FT cited whistleblowers as saying that the accounts of Wirecard’s largest business, Card Systems Middle East in Dubai, were not audited in 2016 and 2017.

(Reporting by Ludwig Burger; Editing by David Goodman)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist