Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Barclays hoped 2008 cash call would drive international growth, court told

FILE PHOTO: The Barclays logo is seen in front of displayed stock graph in this illustration
FILE PHOTO: The Barclays logo is seen in front of a stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/File Photo

February 19, 2019

By Kirstin Ridley

LONDON (Reuters) – Barclays believed deals with strategic investors during the 2008 financial crisis would help to provide a springboard for its international ambitions, the bank’s former chairman told a London criminal trial on Tuesday.

Marcus Agius, called as a prosecution witness in the fraud trial of four former senior colleagues, said the bank had hoped to secure partnerships that would reinforce the bank’s global ambitions by granting Barclays “favored nation status” for future business opportunities with investors such as Qatar.

“That was how it was put and that was how the board understood it,” the veteran banker told a packed courtroom.

Former Barclays’ chief executive John Varley and three former senior executives Roger Jenkins, Tom Kalaris and Richard Boath, deny conspiring to commit fraud by false representation when the bank raised more than 11 billion pounds ($14 billion) from investors in 2008 to avert a British state bailout.

Prosecutor Edward Brown alleges the men did not properly disclose an extra 322 million pounds in fees paid to the Qatari investors through so-called “advisory service agreements” during the financial crisis and that other investors that took part in the two capital raisings – from Abu Dhabi, China, Singapore and Japan – would have expected the same terms.

Agius, in a light gray suit, told Southwark Crown Court that in June 2008, Barclays initially thought a deal with Qatar would be desirable, but not essential. But markets became increasingly febrile towards the end of that summer.

In October 2008, just four months after an initial capital raising, Barclays turned again to Qatar – and Abu Dhabi – for a second emergency fundraising to stave off state control.

Agius said he did not remember frenetic to-ing and fro-ing between the bank’s executives and Qatari investors about fees, but said that the board wanted to avoid the restrictions of a British government sector-wide bailout – and that a deal with investors such as Qatar seemed “sensible”, if complex.

Asked if he remembered being told that the Qataris had laughed at Barclays officials, who, according to Oct. 22 board meeting minutes, had offered them 120 million pounds in fees, Agius replied: “No.”

The case marks the Serious Fraud Office’s first criminal charges filed in Britain against such senior bankers over financial crisis-era conduct.

The trial has charted how the Barclays executives battled to clinch a deal with Qatari investors who made tough demands. Varley described the investors as “new cocks of the roost” in an email to Agius on June 5, 2008, which was shown to the court.

Agius said his relationship with Varley was “always excellent” and that he considered him creative and courageous with a formidable work rate. “I regarded him as a man of utmost integrity, high intelligence … someone committed to see the bank succeed,” he said.

Qatar Holding, part of the Qatar Investment Authority sovereign wealth fund, and Challenger, an investment vehicle of former Qatari prime minister Sheikh Hamad bin Jassim bin Jabr al-Thani, which invested in Barclays in 2008, have not been accused of wrongdoing.

The trial is scheduled to last up to six months.

(Reporting by Kirstin Ridley. Editing by Jane Merriman)

Source: OANN

0 0

The Latest: Jury to decide if man gets death in teen murder

The Latest on the fate of a Pennsylvania man who authorities say raped, murdered and dismembered his girlfriend's daughter (all times local):

10:45 a.m.

A hearing is underway to determine whether a Pennsylvania man who pleaded guilty in the 2016 rape, murder and dismemberment of his girlfriend's teenage daughter will get life or death.

The penalty phase of Jacob Sullivan's trial opened Friday outside Philadelphia. The 46-year-old pleaded guilty to all charges in the 2016 death of 14-year-old Grace Packer. A jury will hear testimony about Sullivan's crimes before deciding on a sentence of either life in prison or death.

Prosecutors have said Grace's adoptive mother, Sara Packer, watched Sullivan act out a rape-murder fantasy they shared. Sara Packer has agreed to plead guilty in the case in exchange for a life sentence.

Sullivan was Sara Packer's boyfriend. His attorneys plan to argue she masterminded the plot.

___

1:05 a.m.

A Pennsylvania jury will decide on life or death for a Pennsylvania man who pleaded guilty in the 2016 rape, murder and dismemberment of his girlfriend's teenage daughter.

Forty-six-year-old Jacob Sullivan pleaded guilty to all charges in the 2016 death of Grace Packer. The penalty phase of his trial opens Friday outside Philadelphia. A jury will hear testimony about Sullivan's crimes before deciding on a sentence of either life in prison or death.

Prosecutors have said that Grace's adoptive mother, Sara Packer, watched Sullivan act out a rape-murder fantasy they shared. Sara Packer has agreed to plead guilty in the case in exchange for a life sentence.

Sullivan was Sara Packer's boyfriend. His attorneys plan to argue that she masterminded the plot.

Source: Fox News National

0 0

Luxury cruise ship lost engines on Sat due low level of lubricating oil: Norway

FILE PHOTO: Viking Sky cruise ship arrives at Molde
FILE PHOTO: Viking Sky cruise ship arrives, after problems the ship got in the storm outside of Hustadvika, at Molde, Norway March 24,2019. NTB Scanpix/Svein Ove Ekornesvag via REUTERS

March 27, 2019

OSLO (Reuters) – The engines of a luxury cruise ship that narrowly escaped disaster during a storm off Norway on Saturday failed because of relatively low levels of lubricating oil in the engines, the Norwegian Maritime Authority said on Wednesday.

“Our conclusion is that the engine failure was directly caused by low oil pressure,” the Norwegian Maritime Authority said in a statement.

“The level of lubricating oil in the tanks was within set limits, however relatively low, when the vessel started to cross Hustadvika,” it added, referring to the stretch of water where the incident happened.

The Viking Sky, with almost 1,400 passengers and crew aboard, sent out a mayday signal on Saturday as it drifted in rough waters in the Norwegian Sea to within 100 meters of land. All four engines had failed, but crew managed to restart one of the engines just in time.

(Reporting by Gwladys Fouche; Editing by Toby Chopra)

Source: OANN

0 0

Iran says regional powers working on ‘suspicious nuclear projects’: Fars news

Admiral Ali Shamkhani, Iran?s Supreme National Security Council Director, speaks to the media after his arrival at Damascus airport
FILE PHOTO: Admiral Ali Shamkhani, Iran's Supreme National Security Council Director, speaks to the media after his arrival at Damascus airport, September 30, 2014. REUTERS/Khaled al-Hariri

March 13, 2019

LONDON (Reuters) – A senior Iranian security official said on Wednesday that some countries in the region were spending money on “suspicious nuclear projects”, and warned that such threats would force Tehran to revise its defense strategy.

“Some countries in the region are spending their petro-dollars on suspicious nuclear projects that can endanger the security of the world,” Ali Shamkhani, the secretary of Iran’s Supreme National Security Council, was quoted as saying by Fars news agency.

“New threats like this will force us to revise our strategy based on the nature and geography of new threats, and predict the requirements of our country and armed forces,” he added.

(Reporting by Bozorgmehr Sharafedin; Editing by Andrew Heavens)

Source: OANN

0 0

ECB determined to push forward its payment system: Mersch

Mersch, Member of the Executive Board of the European Central Bank delivers a speech during Lamfalussy Lectures Conference in Budapest
Yves Mersch, Member of the Executive Board of the European Central Bank delivers a speech during Lamfalussy Lectures Conference in Budapest, Hungary, February 4, 2019. REUTERS/Bernadett Szabo

February 26, 2019

BRUSSELS (Reuters) – The European Central Bank is “determined” to push forward an instant payment system it launched last year through regulatory moves if the service failed to spread through collaboration with the industry, ECB board member Yves Mersch said on Tuesday.

“We will do it either through our collaborative, cooperative efforts together with the industry or we will do it through our regulatory capacity,” Mersch told a fintech conference in Brussels.

The ECB’s TARGET Instant Payment Settlement (TIPS) system will let people and companies in Europe transfer euros to each other within seconds and regardless of the opening hours of their local bank.

This is seen as a direct challenge to U.S. firms like PayPal, Google, Facebook and Amazon, and China’s Alibaba and Tencent which currently dominate such services in Europe.

(Reporting by Francesco Guarascio)

Source: OANN

0 0

Electric vehicle demand likely to drop if tax credit ends: U.S. official

FILE PHOTO: A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto
FILE PHOTO: A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch

March 12, 2019

HOUSTON (Reuters) – Electric vehicle demand is likely to drop if the United States eliminates a tax credit worth up to $7,500 as President Donald Trump has proposed, a senior U.S. Transportation Department official said on Tuesday.

The White House said on Monday that nixing the credit, which phases out after companies hit 200,000 vehicles sold, could save taxpayers $2.5 billion over the next decade. Automakers have pushed for the credit to be extended.

“As you take away some of these incentives, demand will likely come down a bit,” Derek Kan, the Transportation Department’s under secretary of transportation for policy and a former Lyft Inc executive, said at the CERAWeek energy conference in Houston. “When you take away a tax credit, we know from basic economics demand will likely fall because the price is a little high.”

(Reporting by Ernest Scheyder; Editing by David Gregorio)

Source: OANN

0 0

‘Gangnam style’ sex crime: K-pop scandals uncover dark side of Seoul’s flashiest district

FILE PHOTO: South Korean singer Jung Joon-young arrives for questioning on accusations of illicitly taping and sharing sex videos on social media, at the Seoul Metropolitan Police Agency in Seoul
FILE PHOTO: South Korean singer Jung Joon-young arrives for questioning on accusations of illicitly taping and sharing sex videos on social media, at the Seoul Metropolitan Police Agency in Seoul, South Korea, March 14, 2019. REUTERS/Kim Hong-Ji/File Photo

April 14, 2019

By Joyce Lee and Joori Roh

SEOUL (Reuters) – On a recent weekend night, the dance floor at one of the hottest clubs in Seoul’s swanky Gangnam district held only a few dozen people surrounded by mostly empty tables.

A few months ago, the nightclub would have been packed with hundreds of gyrating men and women, and full tables, many costing 650,000 won ($570) or more for a night of drinking and dancing.

The world was introduced to Gangnam by the 2012 K-pop hit “Gangnam Style,” a parody of the South Korean highlife with a viral tune and amusing dancing that became the first video to reach a billion views on YouTube.

But a wave of sex crimes and other illegal activity has revealed a dark underbelly in the district, driving club-goers and celebrities away.

According to police investigators, a network of pop stars, businessmen and cops are alleged to have colluded and enabled tax evasion, bribery, and prostitution at some of Gangnam’s glitziest clubs.

Most seriously, some are being investigated over the use of date rape drugs to incapacitate women and assault them, sometimes filmed by hidden cameras.

“There aren’t many people coming to Gangnam (clubs) right now,” a worker told Reuters at a club that was relatively quiet, despite not being implicated in any of the allegations. “There’s an investigation on.”

The scandals have already led to the resignation of four K-pop stars, the closure of one of Gangnam’s most lucrative club, and investigations into at least six police officers suspected of colluding with club operators.

President Moon Jae-in called for a thorough investigation, saying the Gangnam club cases suggest possible collusion between police, tax authorities and a new privileged class including celebrities to engage in illegal operations.

More than 500 people have been investigated for drug use and sexual assault and more than 200 arrested in a nationwide roundup since Feb. 25.

Tax authorities have launched investigations into 21 clubs and host bars for possible evasion.

“If we don’t set this right, we cannot call this a just society,” Moon said.

SEX CRIME CONCERNS

The investigations, revolving around two Gangnam clubs, Burning Sun and Arena, began late last year when 29-year-old film art director Kim Sang-kyo says he tried to stop an incident of sexual harassment and was attacked by Burning Sun staff, and then abused by police who instead arrested him.

A government commission concluded that police in Gangnam violated Kim’s rights during his arrest, but Kim is still being investigated for sexual harassment and defamation. He denies any wrongdoing.

Calls to Burning Sun, which closed down after the scandal broke, were not answered, while a man who answered the number listed for Arena hung up when asked for comment. Arena has also been closed since early March for what it said were renovations. Gangnam police declined to comment.

Kim said once he shared his story he began to receive messages from other people who said they had been victimized in Gangnam clubs, and he realized the scope of the problem.

“When people saw me raising questions, they said ‘why you? Why now?'” Kim said. “‘This has been going on for 10 years, 15 years, and you can’t touch it. You can’t win.’ I’ve heard a lot of people say this, and I think it’s really scary.”

The string of scandals gained wider attention when several K-pop stars who had ties to some of the clubs were implicated in crimes unrelated to Kim’s arrest.

Singer Lee Seung-hyun, 28, better known by the stage name Seungri, is under investigation for paying for prostitutes in return for favors from foreign businessmen at Arena.

He is also accused of embezzlement at another club he was involved with until last year.

Lee has denied all wrong doing, but resigned from his position as a member of the boy band BIGBANG. Lee’s lawyer told Reuters this week his client maintains his innocence.

At least three other K-pop stars resigned after they were accused by police of sharing illicitly filmed sex tapes. It is not yet clear whether any of the shared videos and photos were taken at either nightclub.

One singer, Jung Joon-young admitted to having shared videos he took secretly while having sex with women.

“I am truly sorry. I committed a crime that cannot be forgiven,” Jung read from a handwritten statement on March 21.

WEB OF CONNECTIONS

Besides Seungri, who was an internal director at Burning Sun and previously helped run the club, police are investigating two of the club’s co-presidents and an operating director for various crimes including distributing drugs, assaulting a customer, and bribing police.

Investigators have also questioned 15 people and arrested four people with links to Burning Sun on drug charges. At least one club promoter was arrested for distributing illegal sex videos.

A man identified as the de facto owner of Arena, surnamed Kang, was arrested in late March, a Seoul Central District Court spokesman said.

Kang and other Arena executives are accused of tax evasion by avoiding paying 16.2 billion won ($14.31 million) in taxes between 2014-2017. Kang refused to answer questions on March 25 as he emerged from court. He could not be reached for comment.

Authorities are also investigating allegations that club officials provided bribes to police officers.

Six officers are now under investigation for possible collusion with the clubs, including a senior superintendent, lawmakers briefed by Police Commissioner General Min Gab-ryong said.

The superintendent, surnamed Yoon, admitted playing golf and sharing meals with a man known to be Seungri’s business partner, but denies all allegations of corruption.

He is accused of leaking confidential information and accepting bribes, including K-pop concert tickets from singer Seungri, an official at the Seoul Metropolitan Police Agency said.

In Gangnam, former patrons and workers lament the impact the scandals have had on the clubs and the broader entertainment industry, a key identity and export for South Korea.

Kim Se-rim, 27, said she no longer goes to clubs.

“People are like, why would you go when you know there are so much drugs, GHB, rape going on?,” she said, referring to a known date-rape drug. “And they have a point.”

($1 = 1,134.5200 won)

(Additional reporting and writing by Josh Smith.; Editing by Lincoln Feast.)

Source: OANN

NOW ON AIR
Upcoming

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am



A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

CLICK HERE FOR THE FOX NEWS APP

Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

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

Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

CLICK HERE TO GET THE FOX NEWS APP

Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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

President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

CLICK HERE TO GET THE FOX NEWS APP

It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

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