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Venezuela, China in focus for Trump meeting with Caribbean leaders

Venezuela's President Nicolas Maduro speaks during his visit to the Hydroelectric Generation System on the Caroni River, near Ciudad Guayana
FILE PHOTO: Venezuela's President Nicolas Maduro speaks during his visit to the Hydroelectric Generation System on the Caroni River, near Ciudad Guayana, Bolivar State, Venezuela March 16, 2019. Miraflores Palace/Handout via REUTERS

March 22, 2019

By Roberta Rampton

WASHINGTON (Reuters) – U.S. President Donald Trump is set to meet with five Caribbean leaders on Friday who have sided with the United States and most Western countries in backing Venezuelan opposition leader Juan Guaido as head of state.

Trump will meet with leaders from the Bahamas, Dominican Republic, Haiti, Jamaica and Saint Lucia at his private club in Palm Beach, Florida.

The response to OPEC-member Venezuela’s political crisis has split the members of the Caribbean Community, known as CARICOM.

The organization has officially advocated for talks between Venezuelan President Nicolas Maduro and Guaido. Most of its members have rejected resolutions by the Organization of American States supporting Guaido.

Guaido, who heads Venezuela’s national assembly, invoked the constitution to assume the interim presidency in January, saying Maduro’s election last year was not legitimate. Maduro, who still has the support of Venezuela’s military, has clung to power with the support of Russia, China and Cuba.

The Caribbean region has long relied on oil and gas from Venezuela, which offered cheap financing through a program called Petrocaribe, though shipments have declined in recent years because of production problems at Venezuela’s state-owned oil company PDVSA.

The tensions put at risk regional efforts to try to capitalize on deepwater oil and gas exploration, said Anthony Bryan, a Caribbean energy expert and associate with the Center for Strategic and International Studies in Washington.

“CARICOM is the body that speaks for energy sustainability in the region. But if you start dividing the states – as apparently an attempt is being made to do – then you, in a sense, almost sabotage from the very beginning that unity that is necessary,” Bryan said in an interview.

The region has also been the recipient of a flood of investment from China. The White House said earlier this week that Trump wants to work with leaders to “counter China’s predatory economic practices.”

The meeting is also an opportunity for Trump to try to turn the page on derogatory comments about Haiti that he was reported to have made. At a January 2018 White House meeting about immigration, Trump referred to Haiti and African nations as “shithole countries,” according to a Democratic senator who was there.

Trump on Twitter later denied saying “anything derogatory about Haitians other than Haiti is, obviously, a very poor and troubled country.”

(Reporting by Roberta Rampton; editing by Grant McCool)

Source: OANN

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India Launches Airstrikes on Pakistan

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Source: InfoWars

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McConnell blasts ‘Medicare for All’ as ‘far-left social experiment’

Senate Majority Leader Mitch McConnell, R-Ky., spoke out in harsh terms against “Medicare for All’’ Tuesday at the American Hospital Association (AHA) conference in Washington, D.C.

McConnell called the proposal, backed by the Democrats' progressive wing, a “radical, one-size-fits-all attempt to remake the health sector.”

He described it as a scheme and told hospital industry leaders that it would be serious bad news for them. “You should not be the guinea pigs in some far-left social experiment,” he said.

One of the most outspoken lawmakers in support of the policy, Sen. Bernie Sanders, I-Vt., used Medicare for All as part of his platform in his 2016 presidential campaign, and is expected to use an updated version of the proposal for his 2020 run.

According to a 2018 poll conducted by Reuters, 70 percent of Americans, in additional to 52 percent of Republican voters, supported the proposal.

WHAT IS 'DEMOCRATIC SOCIALISM'? BERNIE SANDERS' POLITICAL IDEOLOGY EXPLAINED

Since then, however, the numbers have declined. According to polling by the Kaiser Family Foundation, support for the policy has dropped as concerns arise that it could lead to higher taxes and longer waits for health care.

McConnell reiterated sentiments from his AHA conference speech in a tweet, referring to the policy as “Medicare for None” and claiming that it would “slap a $32 trillion tab on Americans.”

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“Democrats’ 'Medicare for None' would slap a $32 trillion tab on Americans, and that’s just a rough estimate for the first decade. And competing private insurance policies -- like the ones that 180 million Americans currently use -- would be banned outright,” the tweet read.

At the close of McConnell’s remarks, he encouraged hospital and health care system leaders in the room to rally together and make their way to Capitol Hill to speak out against this proposal to Democrats in Congress.

Source: Fox News Politics

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Kate Steinle's parents cannot sue sanctuary city for wrongful death, 9th Circuit rules

A U.S. Appeals Court says the parents of Kate Steinle, who died in 2015 after an undocumented man shot her as she walked with her father on a San Francisco pier, cannot sue the city whose sanctuary policies were widely blamed for the tragedy.

Steinle’s killer, Jose Inez Garcia-Zarate, was released by the San Francisco sheriff, Ross Mirkarimi, after a drug case against him was dropped. The sheriff’s office, which had ended contact between jail employees and immigration officials, ignored a request by federal authorities to hold Garcia-Zarate until they could assume custody and did not inform them that he was being released.

Three months later, Garcia-Zarate, who had been deported to his native Mexico five times, killed Steinle.

NORTH CAROLINA BILL TO FORCE SHERIFFS TO WORK WITH ICE ADVANCES

The three-judge panel of the 9th U.S. Circuit Court of Appeals unanimously decided to uphold a district court’s 2017 dismissal of Steinle’s parents’ wrongful death lawsuit against San Francisco. The lawsuit maintained that the city’s so-called sanctuary policy and the sheriff bore responsibility for their daughter’s death because it had enabled Garcia-Zarate to roam the streets.

In the 9th Circuit Court decision, Judge Mark Bennett, who was nominated by President Trump, said that while the facts of the case are “undeniably tragic,” the sheriff was well within his authority when he issued a memo that limited his department’s cooperation with immigration officials.

July 2, 2015: Liz Sullivan, left, and Jim Steinle, right, parents of Kathryn "Kate" Steinle, talk to members of the media outside their home in Pleasanton, Calif.

July 2, 2015: Liz Sullivan, left, and Jim Steinle, right, parents of Kathryn "Kate" Steinle, talk to members of the media outside their home in Pleasanton, Calif. (Lea Suzuki/San Francisco Chronicle via AP)

ILLINOIS WOMAN HELD 33 GUATEMALANS IN BASEMENT, FORCED THEM INTO LABOR, THREATENED DEPORTATION, AUTHORITIES SAY

“The tragic and unnecessary death of Steinle may well underscore the policy argument against Sheriff Mirkarimi’s decision to bar his employees from providing the release date of a many times convicted felon to ICE,” Bennett said. “But that policy argument can be acted upon only by California’s state and municipal political branches of government, or perhaps by Congress.”

Federal immigration laws cited by the plaintiffs also did not require Mirkarimi to provide Garcia-Zarate’s release date, Bennett said.

The shooting turned into a major campaign issue in multiple national and local races across the country. Trump repeatedly referred to the shooting during his 2016 campaign to bolster his argument for tougher immigration policies and his opposition to so-called sanctuary cities that limit cooperation with immigration officials.

Groups that support tougher immigration enforcement assailed the appeals court’s decision.

Matthew O’Brien, director of research for the Federation for American Immigration Reform, told Fox News that the decision marked “yet another example of judicial activism by the Ninth Circuit Court of Appeals.”

CLICK HERE TO GET THE FOX NEWS APP

“San Francisco’s prohibition on the sharing of information with U.S. Immigration and Customs Enforcement was a deliberate and intentional violation of federal law,” O’Brien said. “Overall, the handling of the Steinle matter, by both the courts of the State of California and the federal courts within California, sends a clear message that the Golden State is more interested in sheltering criminal illegal aliens from ICE than it is in protecting the life and safety of U.S. citizens.”

A San Francisco jury in 2017 acquitted Garcia-Zarate of murder, but convicted him of illegal gun possession. Garcia-Zarate said a gun he found on the pier accidentally fired when he picked it up. The gun belonged to a federal Bureau of Land Management ranger and was stolen from his parked car a week earlier.

The bullet ricocheted on the pier's concrete walkway before it struck Steinle, killing her. Zarate has admitted to shooting Steinle, but says it was an accident. However, the prosecution painted a very different picture, telling jurors that Zarate deliberately shot the gun towards Steinle while "playing his own secret version of Russian roulette."

Garcia-Zarate is also facing federal gun charges to which he has pleaded not guilty.

The gun used in the fatal shooting belonged to a U.S. Bureau of Land Management ranger who reported it stolen from his car parked in San Francisco. Steinle’s parents also named the federal government as a defendant in their lawsuit because the ranger had allegedly left the gun in plain view in an unlocked car on a downtown street. That part of the lawsuit is moving forward.

The Associated Press contributed to this story.

Source: Fox News National

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U.S. Fed buys no mortgage bonds, sells none

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

April 18, 2019

NEW YORK, (Reuters) – The Federal Reserve bought no agency mortgage-backed securities in the week

from Apr. 11 to Apr. 17, compared with NONE purchased the previous week, the New York Federal Reserve Bank said on Thursday.

In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments

on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.

The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae,

Freddie Mac or the Government National Mortgage Association, or Ginnie Mae,

in the latest week. It sold none the prior week.

(New York Treasury Desk)

Source: OANN

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Man, 23, accused of posing as Timmothy Pitzen has criminal history, authorities say

An Ohio man whom authorities said falsely claimed to be Timmothy Pitzen, the Illinois boy who went missing in 2011 at age 6, was found to have a long criminal history and was once psychologically evaluated, according to reports.

Brian Rini, 23, of Medina, Ohio, was spotted in a Newport, Ky. neighborhood early Wednesday by residents who suspected he was trying to steal a neighbor’s car. When they approached Rini, he reportedly told them he was Pitzen, according to police in Sharonville, Ohio.

A DNA test, however, quickly determined that "the person in question is not Timmothy Pitzen,” the FBI’s Louisville field office tweeted.

PERSON WHO CLAIMED TO BE TIMMOTHY PITZEN IS NOT TIMMOTHY PITZEN, FBI SAYS, CITING DNA TEST

Police in Ohio said Rini is well-known to authorities in that state. He was released from prison early last month after serving time for burglarizing and vandalizing a $400,000 Ohio home that was for sale, Chicago's WGN-TV reported.

Police records cited by the station indicate that Rini had been on authorities’ radar even before the burglary and vandalism. In 2013, Rini’s mental competency to stand trial in Medina County, Ohio, was evaluated but officials determined he was of sound mind. Rini's brother, however, refuted those claims, telling Cleveland's FOX 8 that his brother has mental health issues.

TEXAS BOY, 9, MISSING SINCE 2017 FOUND IN FLORIDA

Pitzen’s family said they are heartbroken by the apparent hoax involving Rini. Kara Jacobs, Pitzen’s aunt, said learning that her nephew had not been found was “like reliving the day” he disappeared over again.

This undated photo provided by the Aurora, Ill., Police Department shows Timmothy Pitzen, missing since 2011. 

This undated photo provided by the Aurora, Ill., Police Department shows Timmothy Pitzen, missing since 2011.  (Aurora Police Department via AP)

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Pitzen disappeared in 2011 after his 43-year-old mother, Amy Fry-Pitzen, picked him up from school in May 2011. It’s believed she took the boy to a zoo and a water park in Wisconsin before apparently killing herself in a hotel room in Illinois.

Fox News' Nicole Darrah and The Associated Press contributed to this report.

Source: Fox News National

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Kushner Peace Plan Delayed Until June

White House adviser Jared Kushner's Mideast peace plan is reportedly coming out two months later than expected.

In an address Wednesday to about 100 global ambassadors at Blair House near the White House, President Donald Trump's son-in-law said the peace plan will be released after the Islamic month of Ramadan ends June 4, Reuters reported.

The information was confirmed in a tweet from Jason Greenblatt, Trump's current special representative for international negotiations.

In February, Kushner said the unveiling would happen after Israel's April 9 legislative election, which was won by parties that support incumbent Prime Minister Benjamin Netanyahu.

The peace plan has two components, Reuters reported: A political piece that addresses core political issues such as the status of Jerusalem, and an economic part aimed to help the Palestinians strengthen their economy.

It is unclear if the plan will propose the creation of a Palestinian state, the Palestinians' core demand, the news agency reported.

Source: NewsMax America

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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)

Source: OANN

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