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New Zealand PM Ardern surprises with decision against capital gains tax

FILE PHOTO: National remembrance service for victims of the mosque attacks, at Hagley Park in Christchurch
FILE PHOTO: New Zealand's Prime Minister Jacinda Ardern attends the national remembrance service for victims of the mosque attacks, at Hagley Park in Christchurch, New Zealand March 29, 2019. REUTERS/Edgar Su

April 17, 2019

WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern said on Wednesday her coalition government would not proceed with a proposal for a capital gains tax (CGT) due to a lack of consensus and ruled out ever implementing such a tax under her leadership.

The surprise decision went against the position Ardern’s Labour Party had taken for more than a decade. The party had campaigned to bring in a tax on capital gains income to ensure fairness and balance.

A tax working group appointed by Ardern in February recommended a capital gains tax.

“All parties in the government entered into this debate with different perspectives and, after significant discussion, we have ultimately been unable to find a consensus,” Ardern said in a statement.

“While I have believed in a CGT, it’s clear many New Zealanders do not. That is why I am also ruling out a capital gains tax under my leadership in the future,” she said.

The proposed capital gains tax covered assets such as residential rental properties, land and buildings, business assets, intangible property and shares.

Ardern came to power in 2017 promising to pour money into social services and rein in economic inequality. Her government has lifted minimum wages and boosted benefits for poor families but business confidence has been sinking.

The debate over the new tax has been raging for months, with government critics and some property experts warning that it could hurt the housing market by compelling some investors to sell to avoid the tax.

New Zealand does not generally tax income in the form of capital gains.

Shares in retirement village operators, which own property assets and benefit from capital gains in asset sales, rose. Ryman Healthcare rose as much as 3.6 percent after the announcement.

“The CGT debate wasted millions of taxpayer dollars and over 18 months weakened our economy by scaring businesses owners, investors and mums & dads out of getting ahead,” opposition National Party leader Simon Bridges said on Twitter.

(Reporting by Charlotte Greenfield and Praveen Menon; Editing by Darren Schuettler and Paul Tait)

Source: OANN

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Brazil can’t pull off pension reform without 1 trillion reais in savings: Economy Minister

Brazil's Economy Minister Paulo Guedes attends a meeting with governors about pension reform bill proposal in Brasilia, Brazil
FILE PHOTO: Brazil's Economy Minister Paulo Guedes attends a meeting with governors about pension reform bill proposal in Brasilia, Brazil February 20, 2019. REUTERS/Adriano Machado

March 15, 2019

RIO DE JANEIRO (Reuters) – Brazil’s Economy Minister Paulo Guedes said on Friday that pension reform must deliver at least 1 trillion reais ($262.26 billion) in savings in order to fund a transition from the current system to individual retirement accounts.

Guedes said the government would consider privatizing state-controlled companies Petroleo Brasileiro SA and Banco do Brasil SA after Privatization Secretary Salim Mattar finishes his current slate of planned privatizations.

(Reporting by Rodrigo Viga Gaier and Gram Slattery)

Source: OANN

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Ryanair’s plans to order Boeing 737 MAX unchanged: executive

FILE PHOTO: Ryanair pilots and cabin crew stage a 24-hour strike in Germany
FILE PHOTO: A Ryanair aircraft stands on the tarmac at Frankfurt-Hahn Airport during a strike of their pilots and cabin crew in Hahn, near Frankfurt, Germany, September 12, 2018. REUTERS/Ralph Orlowski

March 21, 2019

FRANKFURT (Reuters) – Two deadly crashes involving Boeing’s 737 MAX jet have not changed Ryanair’s plans to buy the model, an executive of the Irish airline told Reuters on Thursday.

“Nothing changes because we are still awaiting the outcome of the investigation,” Chief Marketing Officer Ryanair Kenny Jacobs said.

He added that the delayed deliveries of five of the airliners to Ryanair will not have an impact on the budget carrier’s summer schedule.

(Reporting by Ilona Wissenbach; writing by Thomas Seythal; Editing by Edward Taylor)

Source: OANN

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Athletics: Semenya says ‘no threat’ to women’s sport

Diamond League - Zurich
FILE PHOTO: Athletics - Diamond League - Letzigrund Stadium, Zurich, Switzerland - August 30, 2018 Caster Semenya of South Africa celebrates winning the Women's 800m REUTERS/Moritz Hager

March 27, 2019

CAPE TOWN (Reuters) – Double Olympic 800-meters champion Caster Semenya says she is “no threat” to women’s sport and that recent comments from International Association of Athletics Federations (IAAF) President Sebastian Coe have reopened old wounds.

Semenya is awaiting a Court of Arbitration for Sport verdict on her appeal against an IAAF regulation that says female athletes classed as having differences in sexual development (DSDs) gain an unfair advantage due to their higher testosterone levels, though only in races between 400 and 1,000m.

Under the new rules, athletes classed as having DSDs must reduce their blood testosterone level to below five (5) nmol/L for a continuous period of six months before they can compete. They must then maintain it below that level continuously.

The Court had been due to announce its decision on Tuesday but has postponed it until late April.

Coe told Australia’s Daily Telegraph at the weekend: “The reason we have gender classification is because if you didn’t then no woman would ever win another title or another medal or break another record in our sport.”

In response Semenya, in a statement through her lawyers, said: “The scars Ms Semenya has developed over the past decade run deep.

“Reading the comments of Mr. Coe this weekend opened those old wounds and the reference by the Daily Telegraph (Australia) to ‘the muscle-packed Semenya’ is just the latest illustration of how the issues have been distorted by innuendo.”

The statement continued: “Mr. Coe is wrong to think Ms Semenya is a threat to women’s sport,” calling her a “heroine” and “inspirational role model” to young girls.

Semenya also sought to differentiate her case from those of transgender athletes who were formerly male but have now entered the female sporting arena.

“Ms Semenya is a woman. There is no debate or question about this and the IAAF does not dispute this,” the statement continued.

“She was born a woman, raised a woman, socialized as a woman and has competed as a woman her entire life.

“Mr. Coe may have views about transgender women in sport, but that is a different issue.

“Ms Semenya does not wish to undergo medical intervention to change who she is and how she was born. She wants to compete naturally.”

(Reporting by Nick Said; Editing by Peter Rutherford)

Source: OANN

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In his grandfather’s footsteps, North Korea’s Kim arrives in Vietnam

North Korean leader Kim Jong Un speaks at the Ministry of the People's Armed Forces on occasion of the 71st anniversary of the Korean People's Army in Pyongyang
North Korean leader Kim Jong Un speaks at the Ministry of the People's Armed Forces on occasion of the 71st anniversary of the Korean People's Army (KPA) in Pyongyang, North Korea in this February 8, 2019 KCNA Photo. KCNA via REUTERS

February 26, 2019

By James Pearson and Khanh Vu

HANOI (Reuters) – North Korean leader Kim Jong Un became the first leader of his isolated country to travel to Vietnam since his grandfather, Kim Il Sung, visited in 1964 when he arrived on Tuesday for a summit with U.S. President Donald Trump.

Vietnam’s model of reform is being widely touted as the economic path for impoverished North Korea to follow as the United States leads efforts to curb Pyongyang’s nuclear weapons program and bring it back to the international fold.

But Vietnam’s transformation has required political change and levels of individual freedoms that would require major reforms for the Kim family, which is afforded godlike status by state propaganda.

In imagery that could have powerful propaganda value at home, Kim Jong Un will mimic aspects of his grandfather’s trip to Vietnam by traveling to some of the same locations visited by the elder Kim, two sources with direct knowledge of security and logistics planning told Reuters.

“This is legacy politics,” said Christopher Green, a North Korea expert with the International Crisis Group.

“North Korea will want to play up Kim’s succession to the role of his grandfather, who successfully built up North Korea’s international legitimacy after the establishment of the state.”

Even Kim Jong Un’s long train journey through North Korea and thousands of kilometers across China to reach Vietnam is similar to the grand train voyages his grandfather once took.

His armored train is made up of carriages decked out with pink leather chairs and big-screen televisions.

In Vietnam, one of his destinations will be the northern coastal province of Quang Ninh, the sources said. It is home to Ha Long Bay, a UNESCO world heritage site dotted with steep-sided islands which attracted more than 12 million tourists last year.

Kim Il Sung visited Ha Long Bay in 1964 during his second visit to Vietnam.

RED CARPET, RED RIVER

Kim’s train arrived at the Vietnamese border station of Dong Dang early on Tuesday, where he disembarked to travel the 170 km (105 miles) to Hanoi by car.

Top Vietnamese officials were on hand to receive him at the station with a red-carpet including a guard of honor and North Korean and Vietnamese flags flying.

Kim’s close aide, Kim Chang Son, who has been in Hanoi for several days preparing for the summit, was spotted at the station before Kim’s arrival. His sister, who has emerged as an important aide to Kim and traveled with him from Pyongyang, was spotted getting off the train before he disembarked.

Kim will meet Trump on Wednesday and Thursday.

Over the weekend, Vietnam announced that it will ban traffic on the road from the station to Hanoi on Tuesday.

Kim may be looking to learn from Vietnam’s experience of manufacturing products for international companies, meaning a visit to a factory could also be on the cards.

A source with direct knowledge of the plan said a high level North Korean delegation is scheduled to visit a plant operated by start-up Vietnamese automaker Vinfast in Haiphong province on Wednesday afternoon.

The plan is subject to change.

South Korea’s Samsung Electronics operates a massive smartphone factory in Bac Ninh, another province popular with Vietnamese and international manufacturers.

A source with direct knowledge of the matter said Samsung Electronics had not been informed of any visit by Kim, or instructed by Vietnamese authorities to host him.

In Hanoi, North Korean and U.S. flags flew along main thoroughfares and a bridge crossing the Red River into the city.

Trump and Kim are expected to meet for their second summit in Hanoi’s Government Guesthouse, an elegant, colonial-era building in the city center, or at the nearby Metropole Hotel, sources have told Reuters.

Trump will arrive in Vietnam on Tuesday evening.

He will meet Vietnam’s president, who is also general secretary of the ruling Communist Party, Nguyen Phu Trong, on Wednesday morning, the ministry said.

Trump has appeared to play down any hope of a major breakthrough at the two-day summit, saying he would be happy as long as North Korea maintained its pause on weapons testing.

(Reporting by James Pearson and Khanh Vu; Additional reporting by Ju-min Park; Editing by Lincoln Feast, Robert Birsel)

Source: OANN

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Texas pet owner dead, ‘attacked by her two pit bull terriers’: police

A Texas woman died on Saturday after she was “attacked by her two pit bull terriers,” police said.

Officers arrived at North O’Connor Road to help out the fire department, who was called to a veterinary facility about “reports of a woman in need of medical attention,” Irving Police said in a news release on Facebook.

The fatal encounter took place at the O’Connor Animal Hospital, Fox 4 News reported, citing police.

MAN RUNS INTO BURNING HOME TO SAVE DOG STUCK INSIDE, DRAMATIC VIDEO SHOWS

Employees at the facility said 33-year-old Johana Villafane seemed to have been hurt badly after getting attacked by the pair of dogs, authorities said.

The dogs continued to act aggressively even as staff and responders tried to jump in and help Villafane, according to police.

“Due to the dogs' continued aggression, an officer discharged his duty weapon striking and killing both dogs,” police said.

CLICK HERE TO GET THE FOX NEWS APP

Villafane was taken to the hospital with life-threatening injuries but ultimately did not survive, police said.

“The initial investigation revealed the dogs had been quarantined at the vet clinic for observation due to a recent biting,” the news release said. “The owner had come to the clinic to feed the dogs and was outside in an exercise area when the attack occurred.”

Source: Fox News National

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Trump signs executive order authorizing pipeline at the northern border: report

President Trump signed an executive order Friday authorizing the construction of the keystone pipeline at the northwest border, according to a new report.

A press release from the White House, tweeted by Vox, revealed an executive order granting a permit to Transcanada Keystone Pipeline to begin work for a pipeline in Phillips County, Montana.

“I hereby grant permission, subject to the conditions herein set forth, to TransCanada Keystone Pipeline … to construct, connect, operate and maintain pipeline facilities at the international border of the United States and Canada at Phillips County, Montana, for the import of oil from Canada to the United States,” the order read.

Trump previously signed two executive orders expediting the construction of the Dakota Access Pipeline and the Keystone XL Pipeline.  Both these directives were met with protest at the time.

CLICK HERE TO GET THE FOX NEWS APP

Dakota Access oil pipeline saw large protests that resulted in 761 arrests in North Dakota over a six-month span beginning in late 2016. The state spent $38 million policing the protests.

Source: Fox News Politics

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FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 26, 2019

By Tom Arnold

LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.

Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.

Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.

Vettivetpillai could not be reached for a comment.

Naqvi, in a statement released through a PR firm, has pleaded innocent.

The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.

Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.

Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.

(Editing by Jane Merriman)

Source: OANN

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Former Vice President Joe Biden announces his 2020 candidacy
Former U.S. Vice President Joe Biden announces his candidacy for the Democratic presidential nomination in this still image taken from a video released April 25, 2019. BIDEN CAMPAIGN HANDOUT via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

April 26, 2019

By James Oliphant

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden, in his first interview as a Democratic presidential candidate, said on Friday that he does not believe he treated law professor Anita Hill badly during the 1991 confirmation hearings for Supreme Court Justice Clarence Thomas.

Biden had joined the burgeoning 2020 Democratic field a day earlier.

Biden’s conduct during those hearings, when he was chairman of the U.S. Senate Judiciary Committee, became a renewed subject of controversy after the New York Times reported that Biden had called Hill earlier this month in the run-up to his presidential bid and that Hill was dissatisfied with Biden’s expression of regret.

Appearing on ABC’s “The View,” Biden largely defended his actions as a senator almost 30 years ago, saying he believed Hill’s allegations of sexual harassment levied at Thomas and tried to derail his confirmation.

Activists have long been unhappy that Hill was questioned in graphic detail by the all-white, all-male committee chaired by Biden.

“I’m sorry she was treated the way she was treated,” Biden said, but later, he asserted, “I don’t think I treated her badly. … How do you stop people from asking inflammatory questions?”

“There were a lot of mistakes made across the board and for those I apologize,” he said.

Biden praised Hill as “remarkable” and said she is “one of the reasons we have the #MeToo movement.”

Asked why he had not reached out to Hill earlier, Biden said he had previously publicly stated he had regrets about her treatment and that he “didn’t want to quote invade her space.”

That seemed to be a reference to another controversy that looms over Biden’s presidential run: allegations by several women that he made them uncomfortable by touching them at political events.

Biden also addressed that criticism, saying he was now more “cognizant” about a woman’s “private space.” But he maintained that he had been “trying to bring solace.”

He suggested he was still trying to sort out the guidelines for his conduct going forward.

“I should be able to read better,” he said. “I have to be more careful.”

Pressed by the show’s panel for an apology to his accusers, Biden would not entirely capitulate.

“So, I invaded your space,” he replied. “I mean, I’m sorry this happened. But I’m not sorry in a sense that I think I did anything that was intentionally designed to do anything wrong or be inappropriate.”

Biden, 76, served as former President Barack Obama’s vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

His first public event as a presidential candidate is scheduled for Monday in Pittsburgh.

(Reporting by James Oliphant; editing by Jonathan Oatis)

Source: OANN

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FILE PHOTO: The logo of Tesla is seen in Taipei
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.

With investors betting Tesla will soon raise capital, the stock has fallen 13% for the week to its lowest level since January 2017, before the launch of the Model 3 sedan aimed at making the electric car maker profitable.

One positive development for Tesla: a U.S. District Court judge on Friday granted a request by Musk and the Securities and Exchange Commission for a second extension to resolve a dispute over Musk’s use of Twitter.

On Wednesday, Tesla posted a worse-than-expected loss of $702 million for the March quarter. Musk said Tesla would return to profit in the third quarter and that there was “some merit” to raising capital.

Musk is still battling to convince investors that demand for the Model 3, the company’s first car aimed at the mass consumer market, is “insanely” high, and that it can be delivered efficiently to customers around the world.

Tesla ended its first quarter with $2.2 billion, down from $3.7 billion in the prior quarter, and the company is planning expansions including a Shanghai factory, an upcoming Model Y SUV, and other projects.

(GRAPHIC: Tesla’s cash – https://tmsnrt.rs/2DyJjX6)

On Monday, Musk hosted a self-driving event, where he predicted Tesla would have over a million autonomous vehicles by next year. Some analysts perceived the presentation as a way to deflect attention from questions about demand, margin pressure, increasing competition and even Musk’s ongoing battle with U.S. regulators.

Tesla’s stock has now fallen 29 percent in 2019 and the company’s market capitalization has declined to $41 billion from $63 billion in mid-December.

(GRAPHIC: Tesla’s declining market cap – https://tmsnrt.rs/2Dwd62r)

Analysts now expect Tesla’s revenue to expand 19% in 2019, compared with 83% growth in 2018 and 68% growth in 2017, according to Refinitiv.

Following Tesla’s quarterly report, 12 analysts recommend selling the stock, while 11 recommend buying and eight are neutral. The median analyst price target is $275, up 16% from the stock’s current price of $236. Berenberg analyst Alexander Haissl has the most optimistic price target, at $500, while Cowen and Company’s Jeffrey Osborne has the lowest, at $160, according to Refinitiv.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

Source: OANN

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Former CIA Director John Brennan pushed back Friday on President Trump’s charge that he knew about or participated in an attempt to overthrow the American government.

“I don’t think it’s surprising at all that we continue to hear the sociopathic ramblings of Mr. Trump claiming that there was this effort to try to prevent him from being elected or to unseat him,” he told MSNBC’s Hallie Jackson.

Brennan was reacting to comments Trump made during an interview with Sean Hannity on Thursday night.

Trump specifically criticized Brennan, along with former Director of National Intelligence James Clapper, former FBI Director James Comey, and former Deputy FBI Director Andrew McCabe, in the fiery interview.

ROSENSTEIN SLAMS OBAMA ADMINISTRATION FOR CHOOSING ‘NOT TO PUBLICIZE FULL STORY’ OF RUSSIA HACKING

His comments followed the release of Special Counsel Robert Mueller‘s report which stopped short of accusing the president of either obstruction of justice or collusion with Russia.

Brennan added he welcomed further investigation into his and other officials’ conduct while they served in government. “I’ve testified in front of Congress … Absolutely, I’ll do it again,” he said.

Brennan also disputed Sen. Rand Paul’s, R-Ky., claim that he “insisted that the unverified and fake Steele dossier be included in the Intelligence Report.”

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Journalist Bob Woodward similarly promoted the idea that the CIA pushed to include the Steele dossier in the intelligence community assessment surrounding Russian election interference.

“That’s absolutely incorrect and 180 degrees from the truth. It was CIA that was pushing not to have it included and not to be taken into account at all in that intelligence community assessment.

Source: Fox News Politics

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New artwork believed to be from the elusive Banksy appeared overnight on a wall near where climate change activists spent the last two weeks protesting in London.

The street art – which was first noticed by people Thursday night – purportedly shows a child clutching a sign of the Extinction Rebellion emblem while planting a small flower with the words “From this Moment Despair Ends and Tactics Begin.”

It comes on the day that Extinction Rebellion backed up their protests which snarled traffic in the British capital for nearly two weeks.

A woman takes a picture of a new piece of street art that people noticed for the first time last night and is believed to be by street artist Banksy on a wall where Extinction Rebellion climate protesters had set up a camp in Marble Arch, London, Friday, April 26, 2019. 

A woman takes a picture of a new piece of street art that people noticed for the first time last night and is believed to be by street artist Banksy on a wall where Extinction Rebellion climate protesters had set up a camp in Marble Arch, London, Friday, April 26, 2019.  (AP)

CLIMATE ACTIVISTS GLUE THEMSELVES TO LONDON STOCK EXCHANGE ON ‘LAST DAY’ OF PROTESTS

A Bansky collector and expert told The Guardian he believes the mural on Marble Arch is an authentic piece by the Bristol street artist.

John Brandler, who owns a dozen pieces by Banksy, said he believes it’s an original because of its execution and theme.

“I’m convinced about the one in London for two reasons: it’s a topic that he would support, and it’s a continuation of the Port Talbot piece that appeared in December 2018,” he said. “The name in the corner is not important, the signature is the work. And this is a Banksy. It’s a wonderful statement and beautiful piece.”

A spokesperson for Westminster council told The Guardian that they are investigating the authenticity of the art piece. Banksy has not confirmed the authenticity.

Extinction Rebellion – self-described “rebels” – have recently made headlines for snarling traffic and public transit in London through a series of blockades. They ended their 10-day outlandish demonstrations on Thursday but not before several members glued themselves to the London Stock Exchange building.

Calvin Benson, 48, a supporter of the climate change activist group, told Sky News that the artwork “represents the will of the people that were here and the people of the nation.”

TOPLESS CLIMATE CHANGE PROTESTERS ARRESTED AFTER INTERRUPTING BREXIT DEBATE IN BRITISH PARLIAMENT

Bansky, who has never disclosed his full identity, began his career spray-painting buildings in Bristol, England, and has since become one of the world’s best-known artists.

His mischievous and often satirical images include two policemen kissing, armed riot police with yellow smiley faces and a chimpanzee with a sign bearing the words, “Laugh now, but one day I’ll be in charge.”

His artwork titled “Girl With Balloon” – one of his best-known works – was sold on auction for $1.4 million last October just before it self-destructed.

Videos from inside the Sotheby’s in London show the painting partially running through a shredder embedded in the frame and emerging from the bottom as strips.

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A video on Banksy’s website after the incident appeared to imply that the painting’s partial shredding was supposed to have been complete.

“In rehearsals, it worked every time…” the video notes at the end.

Source: Fox News World

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