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BlackRock quarterly profit falls 3.3 percent

FILE PHOTO: The company logo and trading information for BlackRock is displayed on a screen on the floor of the NYSE
FILE PHOTO: The company logo for BlackRock is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid/File Photo

April 16, 2019

(Reuters) – BlackRock Inc, the world’s largest asset manager, on Tuesday reported a 3.3 percent drop in quarterly profit, as investors shunned its expensive funds and flocked toward low risk, inexpensive funds.

Net income attributable to BlackRock fell to $1.05 billion, or $6.61 per share, in the first quarter ended March 31 from $1.09 billion, or $6.68 per share, a year earlier. (https://bit.ly/2XenIdZ)

(Reporting by Bharath Manjesh in Bengaluru; Editing by Sriraj Kalluvila)

Source: OANN

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Attorneys, judge to keep winnowing jury pool for cop trial

A judge and attorneys are set to continue winnowing the jury pool Thursday for the murder trial of a former Minneapolis police officer who fatally shot an unarmed woman who had called 911 to report a possible sexual assault near her home.

Another 10 prospective jurors were excused Wednesday for the trial of Mohamed Noor, bringing the total to 16 excused so far out of a pool of 75 potential jurors.

Noor is charged with murder and manslaughter in the July 2017 death of Justine Ruszczyk Damond, a 40-year-old dual Australian-U.S. citizen who had approached Noor's squad car after summoning police to the alley behind her home.

The 33-year-old Noor has declined to speak to investigators, but his attorneys plan to argue that he acted in self-defense.

Source: Fox News National

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UK markets watchdog fines UBS 27.6 million pounds for reporting failures

FILE PHOTO: The logo of Swiss bank UBS is seen in St. Moritz
FILE PHOTO: The logo of Swiss bank UBS is seen in St. Moritz, Switzerland, February 10, 2017. REUTERS/Stefano Rellandini/File Photo

March 19, 2019

By Huw Jones

LONDON (Reuters) – Britain’s markets watchdog said on Tuesday it had fined Swiss bank UBS a record 27.6 million pounds for failing to report 136 million transactions properly for nearly a decade in a repeat offense.

The Financial Conduct Authority (FCA) said the failings cover reports between November 2007 and May 2017.

“If firms cannot report their transactions accurately, fundamental risks arise, including the risk that market abuse may be hidden,” said Mark Steward, the FCA’s executive director of enforcement.

The FCA had already fined UBS 100,000 pounds in November 2005 for transaction reporting failings.

UBS said on Tuesday it was pleased to have resolved what it called a “legacy matter”, which is was fully provisioned for.

“Although there was never any impact on clients, investors or market users the bank has made significant investments to enhance its transaction reporting systems and controls,” UBS said in a statement.

Under European Union securities law, banks must report transactions like stock and bond trades in a timely and accurate way so that regulators can spot any suspicious moves quickly.

The FCA said UBS failed to ensure it made proper reports on 86.67 million transactions that were required to be notified to the regulator. It also wrongly reported 49.1 million transactions to the FCA that did not require reporting.

By agreeing to a speedy settlement, UBS qualified for a 30 percent discount, thereby avoiding a bigger fine of 39.4 million pounds.

UBS is the 13th financial firm to be fined for transaction reporting failures under EU rules that came into force in 2007.

(Reporting by Huw Jones, editing by Sinead Cruise and Emelia Sithole-Matarise)

Source: OANN

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Ethiopian Airlines flight reported trouble soon after takeoff: NYT

An American family lays flowers for their daughter, who died in the Ethiopian Airlines Flight ET 302 plane crash, after a commemoration ceremony at the scene of the crash, near the town of Bishoftu, southeast of Addis Ababa
An American family lays flowers for their daughter, who died in the Ethiopian Airlines Flight ET 302 plane crash, after a commemoration ceremony at the scene of the crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 13, 2019. REUTERS/Baz Ratner

March 15, 2019

(Reuters) – The Boeing 737 Max 8 that crashed in Ethiopia on Sunday killing 157 people requested permission to return to Addis Ababa airport three minutes after takeoff as it accelerated to abnormal speed, the New York Times reported.

All contact between air controllers and Ethiopian Airlines Flight 302 to Nairobi was lost five minutes after it took off, a person who reviewed air traffic communications told the newspaper.

Within a minute of the flight’s departure, Captain Yared Getachew reported a “flight control” problem as the aircraft was well below the minimum safe height from the ground during a climb, the Times reported, citing the person.

After being cleared by the control room to turn back within three minutes of the flight, Flight 302 climbed to an unusually high altitude and disappeared from the radar over a restricted military zone, the person added.

The investigation of the crash is still in its early stages and black boxes with details of the flight’s final moments arrived in France on Thursday for analysis.

Experts say it is too early to speculate on what caused the crash or whether it is related to the Lion Air 737 Max 8 crash in Indonesia five months ago. Accident reports show most are caused by unique combinations of technical and human factors.

Ethiopian Airlines was not immediately available for comment.

(Reporting by Rishika Chatterjee in Bengaluru; Editing by Stephen Coates)

Source: OANN

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Trump signs order aimed at stopping sale of counterfeit products through Alibaba, Amazon, Ebay, others

FILE PHOTO: U.S. President Trump speaks at the National Republican Congressional Committee Annual Spring Dinner in Washington.
FILE PHOTO: U.S. President Donald Trump speaks at the National Republican Congressional Committee Annual Spring Dinner in Washington, U.S., April 2, 2019. REUTERS/Joshua Roberts/File Photo

April 3, 2019

WASHINGTON (Reuters) – President Donald Trump has signed a memorandum setting in motion a way to address trafficking of counterfeit goods through third-party online market places, White House economic adviser Peter Navarro said on Wednesday.

Navarro, in a conference call with reporters, said the order is aimed at stopping the sale of counterfeit products through companies like Alibaba, Amazon and Ebay.

(Reporting By Steve Holland)

Source: OANN

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WATCH: Confessed Parkland Shooter Nikolas Cruz Talks About ‘Voices & Demons’ During His Arrest

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Source: InfoWars

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Bernie Sanders puts focus on healthcare with Medicare for All bill

Democratic U.S. presidential candidate U.S. Sen. Bernie Sanders (I-VT) speaks at a news conference on Capitol Hill in Washington
Democratic U.S. presidential candidate U.S. Sen. Bernie Sanders (I-VT) speaks at a news conference to introduce the "Medicare for All Act of 2019" on Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein

April 10, 2019

By John Whitesides

WASHINGTON (Reuters) – U.S. Senator Bernie Sanders unveiled the latest version of his ambitious “Medicare-for-All” plan on Wednesday, moving the healthcare debate among Democratic presidential contenders to center stage in the 2020 race.

The Sanders plan, similar to his 2017 proposal that languished in the Senate, would largely eliminate private insurance and shift all Americans into a Medicare-based government-run healthcare plan that Republicans have criticized as too costly and radical.

The bill has 14 Democratic co-sponsors in the Senate, including four of his presidential rivals – Kirsten Gillibrand, Cory Booker, Kamala Harris and Elizabeth Warren. The other White House contender in the Senate, Amy Klobuchar, supports universal healthcare and expanding Medicare but has not committed to plans that would eliminate private insurance.

A similar measure in the House of Representatives has more than 100 co-sponsors.

“The current debate over Medicare for All really has nothing to do with healthcare; it has everything to do with greed and profiteering,” Sanders said at a Capitol Hill event to roll out the proposal, where he was joined by Gillibrand.

“This is a struggle for the heart and soul of who we are as the American people,” he said.

Sanders, an independent senator from Vermont who mounted an unsuccessful 2016 White House run, has turned the proposal, once dismissed as too fringe, into a centerpiece of the Democratic Party’s agenda heading into the 2020 White House race.

At least 10 other Democrats vying for the right to challenge Republican President Donald Trump in 2020 have backed some similar form of government-run healthcare, and every Democrat supports taking at least smaller steps toward achieving universal coverage.

Other prominent Democrats, including House Speaker Nancy Pelosi, have urged the party to focus on protecting and strengthening the Affordable Care Act, popularly known as Obamacare, which Trump and Republicans have vowed to dismantle.

The Sanders proposal, which has little chance of passage in the Republican-run Senate, expands on his old bill to include coverage of home and community-based long-term care services for people with disabilities.

Sanders does not put a price tag on the proposal, but would raise revenues to help pay for it through a combination of taxes on employers, individuals, businesses and the wealthy. He suggests that healthcare spending and administrative costs would decrease and costs for consumers would be reduced.

The liberal Urban Institute estimated the earlier Sanders plan would cost $32 trillion over a decade, with the additional taxes raising about $15 trillion.

Republicans have criticized the bill as a socialist pipe dream that would be too costly and weaken the U.S. healthcare system. They have promised to make it a key election issue in 2020.

“It’s the same tired, debunked logic that Washington, D.C., knows best and the American people can’t be trusted to decide what’s best for themselves and their families,” Senate Republican leader Mitch McConnell said.

(Reporting by John Whitesidess; editing by Jonathan Oatis)

Source: OANN

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“Outdated laws” need fixing to deal with the surge in illegal immigrant families crossing the U.S. border with Mexico, a top Border Patrol official said Friday.

Migrant families face no consequences if apprehended trying to cross the border illegally under present law, Border Patrol chief of Operations Brian Hastings claimed during an appearance on “Fox & Friends.”

“We need a change in the current outdated laws that we’re dealing with for this current demographic and this crisis that we have,” he said.

Hastings said as of Thursday there have been 440,000 apprehensions along the southwest border. There were 396,000 apprehensions all of last year.

SOUTHERN BORDER AT ‘BREAKING POINT’ AFTER MORE THAN 76,000 ILLEGAL IMMIGRANTS TRIED CROSSING IN FEBRUARY, OFFICIALS SAY

And those numbers continue to rise, he said.

Historically 70 to 90 percent of apprehensions at the border were quickly returned to Mexico, Hastings said.

Now, 83 percent of those apprehended have come from the Central American northern triangle which includes Guatemala, El Salvador, and Honduras, and of those 63 percent are “family units” and children who cannot be returned, he said.

“There are no consequences that we can apply to this group currently,” Hastings said. “We’re overwhelmed. If you look at agents there doing a tremendous job trying to deal with the flow.”

The law dictates children have to be released after 20 days of detention.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Sen. Lindsey Graham, R-S.C., says that has forced immigration officials to release entire families because “you don’t want to separate families.”

Recently, he said he is drafting legislation that would allow children to be detained for more than 20 days.

Hastings said agents are frustrated with the situation but are doing the best they can with the resources they have.

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“Up to 40 percent of our agents are processing at any given time,” he said. “That should say that in and of itself is pulling from those border security resources.”

Source: Fox News National

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President Trump on Friday blasted liberal billionaire activist Tom Steyer for his continued push to impeach Trump — with Trump claiming Steyer is “trying to remain relevant” and doesn’t have the “guts” to run for the White House himself.

“Weirdo Tom Steyer, who didn’t have the ‘guts’ or money to run for President, is still trying to remain relevant by putting himself on ads begging for impeachment,” the president tweeted. “He doesn’t mention the fact that mine is perhaps the most successful first 2 year presidency in history & NO C OR O! [Collusion or Obstruction]”

TRUMP IMPEACHMENT BACKERS NOT GIVING UP AFTER MUELLER REPORT

Trump and his allies have pointed to Special Counsel Robert Mueller’s Russia report’s conclusions that there was no evidence of collusion between Russia and the Trump campaign and its decision not to make a conclusion on obstruction of justice as a vindication for the president.

But some Democrats and left-wing activists have pointed to the instances of possible obstruction of justice that the investigation looked into as proof of the need for more investigations or even impeachment proceedings.

ELIZABETH WARREN DOUBLES DOWN ON TRUMP IMPEACHMENT PUSH, SAYS IT’S ‘BIGGER THAN POLITICS’

Steyer has been one of the leaders backing a push to impeach Trump and founded “Need to Impeach” and has kept up that push since the report’s release. He announced on Thursday that he was calling on Speaker Nancy Pelosi, D-Calif., to support impeachment proceedings.

On Friday he responded to Trump’s tweet, calling him “angry and scared.”

“I know you want it all to go away. But for the sake of the country you must face your transgressions. Rage away, but that anger doesn’t matter,” he said in a tweet. The truth and the people will prevail.”

CLICK HERE TO GET THE FOX NEWS APP

Impeachment hearings have been backed by a number of House Democrats, as well as 2020 presidential hopefuls Sens. Elizabeth Warren, D-Mass., and Kamala Harris, D-Calif. However, Pelosi has long been skeptical of impeachment proceedings against Trump.

“I’m not for impeachment,” Pelosi told The Washington Post in an interview last month. “Impeachment is so divisive to the country that unless there’s something so compelling and overwhelming and bipartisan, I don’t think we should go down that path, because it divides the country. And he’s just not worth it.”

Source: Fox News Politics

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A Florida measure that would ban sanctuary cities is set for a vote Friday in the state’s Senate after clearing its first hurdle earlier this week.

The bill would effectively make it against the law for Florida’s police departments to refuse to cooperate with federal immigration officials.

“The Governor may initiate judicial proceedings in the name of the state against such officers to enforce compliance,” a draft version of the Senate bill reads.

A House version of the bill, which passed by a 69-47 vote Wednesday, adds that non-complying officials could be suspended or removed from office and face fines of up to $5,000 per day. Republican Gov. Ron DeSantis is expected to sign off on the measure, although it’s not clear which version.

FLORIDA MAY SEND A BIG MESSAGE TO SANCTUARY CITIES

Florida Rep. Carlos Guillermo Smith (D-Orlando), during a press conference at the Florida Capitol in Tallahassee, speaks out against bills in the House and Senate that would ban sanctuary cities in the state.

Florida Rep. Carlos Guillermo Smith (D-Orlando), during a press conference at the Florida Capitol in Tallahassee, speaks out against bills in the House and Senate that would ban sanctuary cities in the state. (AP)

LAWRENCE JONES: NEEDLES, DRUG USE AND HUMAN WASTE ARE THE NEW NORMAL IN SAN FRANCISCO

Florida is home to 775,000 illegal immigrants out of 10.7 million present in the United States, ranking the state third among all states.

Nine states — Alabama, Arizona, Georgia, Iowa, North Carolina, Mississippi, Missouri, Tennessee and Texas — already have enacted state laws requiring law enforcement to comply with Immigration and Customs Enforcement.

Florida doesn’t have sanctuary cities like the ones in California and other states. But Republican lawmakers say a handful of their municipalities — including Orlando and West Palm Beach – are acting as “pseudo-sanctuary” cities, because they prevent law enforcement officials from asking about immigration status when they make arrests.

“There are still people here in the state of Florida, police chiefs that are just refusing to contact ICE, refusing to detain somebody that they know is here illegally,” Florida Republican Rep. Blaise Ingoglia said earlier this month. “So while the actual county municipality doesn’t have an actual adopted policy, they still have people in power within their sheriff’s department or police department that refuse to do it anyway.”

Florida’s Democratic Party has blasted the anti-Sanctuary measures, while the Miami-Dade Police Department says it should be up to federal authorities to handle immigration-related matters.

CLICK HERE TO GET THE FOX NEWS APP

“House Republicans today sold out their communities to Donald Trump and Ron DeSantis by passing this xenophobic and discriminatory bill,” the state’s Democratic Party said Wednesday after the House passed their version of the bill. “It’s abhorrent that Republican members who represent immigrant communities are now turning their backs on their constituents and jeopardizing their safety.

“Florida has long stood as a beacon for immigrant communities — and today Republicans did the best they could to destroy that reputation,” they added.

Fox News’ Elina Shirazi contributed to this report.

Source: Fox News National

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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The Amish population in Pennsylvania’s Lancaster County is continuing to grow each year, despite the encroachment of urban sprawl on their communities.

The U.S. Census Bureau says the county added about 2,500 people in 2018. LNP reports that about 1,000 of them were Amish.

Elizabethtown College researchers say Lancaster County’s Amish population reached 33,143 in 2018, up 3.2% from the previous year.

The Amish accounted for about 41% of the county’s overall population growth last year.

Some experts are concerned that a planned 75-acre (30-hectare) housing and commercial project will make it more difficult for the county to accommodate the Amish.

Donald Kraybill, an authority on Amish culture, told Manheim Township commissioners this week that some in the community are worried about the development and the increased traffic it would bring.

___

Information from: LNP, http://lancasteronline.com

Source: Fox News National

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