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China, U.S. made ‘new progress’ in latest round of trade talks: China’s CCTV

FILE PHOTO: Chinese and U.S. flags are arranged during the third annual U.S.-China Strategic and Economic Dialogue at the State Department in Washington
FILE PHOTO: Chinese and U.S. flags are arranged during the third annual U.S.-China Strategic and Economic Dialogue (S&ED) at the State Department in Washington May 9, 2011. REUTERS/Kevin Lamarque

April 6, 2019

BEIJING (Reuters) – China and the United States made “new progress” in the round of trade talks that wrapped up on Friday in Washington, China’s official CCTV broadcaster reported late on Saturday.

The two sides discussed draft agreement text on issues including technology transfer, protection of intellectual property rights, services, agriculture, the bilateral trade balance, and an implementation system, and will continue to talk on remaining issues, the state broadcaster reported.

(Reporting by Yawen Chen and Tony Munroe; Editing by Alexandra Hudson)

Source: OANN

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Infowars Crashes Planned Parenthood Rally in Austin

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Source: InfoWars

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Will Trump & Supreme Court Tear Democracy Apart?

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WASHINGTON -- Our nation faces a constitutional conflagration, and President Trump is not the only actor willing to put personal and partisan interests above the preservation of our system of self-rule.

Five conservative justices on the United States Supreme Court signaled clearly on Tuesday that they are willing to allow the administration to act lawlessly in distorting the 2020 Census and thus representation in Congress to benefit the party that placed them on the court.

Trump's brazen attacks on American institutions and the court's partisanship are not separate stories. They are the product of a radicalization of American conservatism. Republicans and conservative ideologues -- including the ones wearing the robes of justice -- are destabilizing our institutions in pursuit of power.

The apparent willingness of the court's five conservatives to go along with the Trump administration on the census is of a piece with earlier rulings gutting the Voting Rights Act and increasing the power of big money in politics. All tilt the workings of our democratic republic in favor of conservative candidates, conservative causes and the appointment of conservative judges just like them.

At stake in Tuesday's court argument is Commerce Secretary Wilbur Ross' move to add a question to the 2020 census asking if a respondent is a citizen. Never mind that Ross lied about why he was including the question. Never mind that three lower courts ruled Ross' actions illegal. Never mind that the Commerce Department's own experts say this will lead many noncitizens to avoid answering the census, which means, according to one well-grounded estimate, it will miss 6.5 million people. Never mind that this would undercount places with large numbers of immigrants that tend to be Democratic and lead to skewed legislative representation.

Too bad, said conservative justices, whose hypocrisy was transparent. Chief Justice John Roberts, who had no problem eviscerating the Voting Rights Act, piously asked, "Do you think it wouldn't help voting rights enforcement?" Conservative justices regularly denounce using foreign law in our court decisions. This time, Justice Neil Gorsuch cited "evidence of practice around the world" to defend Ross' question, while Justice Brett Kavanaugh cited a United Nations recommendation.

When it comes to the president, his indifference to the law is so recurrent that we treat it almost as background noise. But we cannot become deaf to the message he is sending: He will destroy our constitutional arrangements if doing so will help him survive.

The House of Representatives is part of a coequal branch of our government with a responsibility to hold the executive branch accountable. In pursuit of this duty, the House regularly calls on administration officials to testify before its committees and to provide documents relevant to its work. There is always give-and-take in the process, but past administrations of both parties have acknowledged Congress' right to do its job.

Not Trump. He has issued a blanket diktat opposing testimony to Congress by current and former officials of his administration about the findings of special counsel Robert Mueller's investigation. He is also stalling or seeking to block the release of documents ranging from his income-tax returns to his business records. And he has made clear he does not view the House as having a legitimate, constitutionally sanctioned role in exploring what Mueller found for one simple reason: A body controlled by Democrats has no standing to question him.

"There is no reason to go any further, and especially in Congress where it's very partisan -- obviously very partisan," he told The Washington Post.

Think about it: Only an autocrat says that when voters entrust part of the government to the party that's not his own, he will override its rights and prerogatives by fiat.

Ah, you say, but there are the courts. Trump can't possibly sustain his position, can he? Surely a judge is, as former Justice John Paul Stevens wrote, "an impartial guardian of the rule of law."

After Tuesday's arguments on the census, we can no longer have confidence that this is true.

It should thus come as no surprise that Trump tweeted on Wednesday morning: "If the partisan Dems ever tried to Impeach, I would first head to the U.S. Supreme Court."

Once upon a time, we could depend on justices regardless of party to stand up to a paranoid, power-mad president making weirdly unprecedented claims about the Supreme Court's role in the impeachment process. It should scare us, really scare us, that members of the court's conservative majority are giving us reason to wonder if they would do so now.

(c) 2019, Washington Post Writers Group

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Rep. Tom Reed: Measure Curbing National Emergencies Needed

Rep. Tom Reed, R-N.Y., said he supports an effort from Republican senators to save President Donald Trump from an embarrassing defeat over his emergency declaration for the border because Congress needs to start taking back its legislative powers.

"Congress has given that authority away to the president," Reed told CNN on Wednesday, after saying he backs the move proposed by Sen. Mike Lee, R-Utah. "The president, even under the proposed reform that the senator and I are looking to do, still has the ability to act in an emergency, but it forces Congress to have to make a determination in each and every one of those declarations going forward."

The measure supports Trump in declaring the national emergency if he agrees to support a bill allowing future emergency declarations to be checked by Congress.

"If we don't want our president acting like a king, we need to start taking back the legislative powers that allow him to do so," Lee tweeted Tuesday.

However, Reed recently voted against legislation in the House to block the president from declaring the emergency, and he told CNN that was because he agrees there is an emergency.

"In future declarations, I am going to agree or disagree with that declaration by the president," Reed said. "It gets caught up in politics because they pick and choose in Congress when they weigh in on the National Emergency Act."

He said he agrees with Lee about the president "acting like a king" with such orders, as he believes any president "that is unchecked is using authority that is way beyond" his boundaries.

Source: NewsMax America

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‘Truly A Miracle’: Five-Yr-Old Boy Thrown From MOA Balcony Has ‘Zero Evidence of Brain Damage,’ Mostly Broken Bones

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Trump to make state visit to UK in June

U.S. President Donald Trump attends the 2019 White House Easter Egg Roll
U.S. President Donald Trump smiles as children color cards for military members beside him, during the 2019 White House Easter Egg Roll on the South Lawn of the White House in Washington, U.S., April 22, 2019. REUTERS/Al Drago

April 23, 2019

LONDON (Reuters) – President Donald Trump has accepted Queen Elizabeth’s invitation to make a state visit to Britain in June, Buckingham Palace said on Tuesday.

Trump and his wife Melania will make the trip from June 3-5, the palace said, adding that further details would be announced in due course.

Trump will hold a meeting with British Prime Minister Theresa May in Downing Street and the trip also coincides with events to mark the 75th anniversary of the D-Day landings during World War Two.

“The UK and United States have a deep and enduring partnership that is rooted in our common history and shared interests,” May said in a statement.

“The State Visit is an opportunity to strengthen our already close relationship in areas such as trade, investment, security and defense, and to discuss how we can build on these ties in the years ahead.”

(Reporting by Michael Holden; Editing by William Schomberg)

Source: OANN

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UPM to close magazine paper machine in Germany, cutting 160 jobs

FILE PHOTO: Magazine paper rolls are seen at UPM-Kymmene’s paper mill in Kaukas, Lappeenranta
FILE PHOTO: Magazine paper rolls are seen at UPM-Kymmene’s paper mill in Kaukas, Lappeenranta, Finland March 9 2016. Picture taken March 9, 2016. Reuters/Jussi Rosendahl/File Photo

April 2, 2019

HELSINKI (Reuters) – Finnish paper maker UPM said on Tuesday it planned to close a magazine paper machine in Germany, cutting output to match weaker demand and lowering costs.

UPM said it expected to cut 160 jobs at the Plattling mill near the Czech border and reduce the annual capacity of coated mechanical paper by 155,000 tonnes.

UPM is one of the world’s largest makers of magazine paper, a sector which has been among the worst hit by a shift to digital publishing.

“Paper markets globally have been declining consistently over the past 10 years,” Winfried Schaur, Executive Vice President at UPM Communication Papers, which includes magazine papers, said in a statement.

On Jan. 31, UPM forecast good demand in 2019 for most of its papers – excluding its Communications Papers unit, where it saw demand continuing to decline.

UPM will book 30 million euros ($34 million) in restructuring charges in the second quarter related to the closure, which will generate annual savings of 17 million euros.

(Reporting by Tarmo Virki; Editing by Mark Potter)

Source: OANN

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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

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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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