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Trump already amassing huge war chest for 2020 – challengers beware

While President Trump is facing murmurs of a primary challenge – as well as a massive field of Democratic candidates jockeying to take him on – the incumbent president enters the 2020 melee with an undeniable advantage: a war chest that would be the envy of any modern president.

Unlike most incumbents, Trump started his re-election bid on day one of his presidency. He filed papers with the Federal Election Commission within hours of being inaugurated on Jan. 20, 2017. Many saw it as a comical – albeit in character – step for the audacious Trump. Yet, by doing so he was able to raise huge sums of money four years before the election.

ECONOMIC MODELS INDICATE TRUMP ON TRACK TO WIN RE-ELECTION IN 'LANDSLIDE': REPORT 

According to recent FEC data, the Trump campaign has raised over $67 million from 2017 to 2018, with nearly $20 million on hand. Combined with the hauls from two major joint fundraising groups – Trump Victory and the Trump Make America Great Again Committee – the president has raised over $130 million as of the end of 2018, with over $35 million on hand.

By contrast, former President Barack Obama had raised only $4 million in the first two years of his presidency and didn’t file for re-election until April 2011. Former President George W. Bush had raised $3 million by the end of his second year in office and filed for re-election in May 2003.

"Our fundraising numbers continually break records, outpacing past presidential campaigns,” said Michael Glassner, chief operating officer for the campaign. “Our state-of-the-art campaign operation puts us in the best possible position heading into the 2020 reelection campaign."

Despite the fundraising totals, the president still faces serious election challenges. His approval rating has remained stagnant in the mid-40s, with the latest Fox News poll showing him at a 46 percent. The 2018 midterms had record high participation and enthusiasm on the Democratic side, which helped the party flip the House.

These vulnerabilities have led some Republicans to think there’s room for a primary challenge. Gov. Larry Hogan of Maryland has done several interviews insinuating that he’s interested in a run.

“I would say I’m being approached from a lot of different people,” Hogan told CBS News last month. “And I guess the best way to put it is I haven’t thrown them out of my office.”

Former Massachusetts Gov. Bill Weld, meanwhile, has already formed an exploratory committee, and former Florida Gov. Jeb Bush said that Republicans deserve “a choice” in 2020.

But Trump’s cash would stand as a sizeable deterrent to any Republican hoping to start a primary bid from scratch – while going up against not only his war chest but the GOP establishment.

Analysts say while there are obvious vulnerabilities for Trump, particularly if Special Counsel Robert Mueller’s team concludes their investigation with incriminating evidence, they do not see a clear way forward for a primary challenger.

“He's certainly not vulnerable from the middle,” Republican strategist Alex Conant said of Trump. “There's just not enough moderate voters inside the GOP to win a primary.”

Ford O’Connell, a Republican strategist who also chairs the conservative CivicForumPac, said the party is committed to win and they see Trump as their path to victory.

“There are two chances that Trump won’t be the nominee -- and they are slim and none and slim has already left town,” said O’Connell.

Democrats, of course, hope none of this dissuades primary challengers from jumping in.

“It would be wonderful” if Trump faced a primary challenge, said David Heller, a Democratic strategist who is unaffiliated on the presidential side this cycle. “It would be wonderful all the way around. Because what it would do is it would divide the Republican Party [and] force Trump spend money on the primary that he couldn’t use for general. It would take Republicans who aren’t comfortable with his unique brand and give them a place to go to distance themselves from the president.”

This is a possibility Republicans apparently see as well. The Republican National Committee signed a data-sharing agreement last year with the Trump campaign to help them organize and funnel data from rallies and events into one massive voter database. They also passed a resolution at their winter meeting this year that gives Trump the party’s undivided support.

“President Trump enjoys unprecedented support among Republicans,” said an RNC spokeswoman. “He has already delivered a long list of incredible accomplishments for conservatives and the country. The RNC and the Republican Party are firmly behind the president. Any effort to challenge the president’s nomination is bound to go absolutely nowhere.”

2020 DEMS GIVE GREEN-LIGHT FOR THEIR OWN CAMPAIGNS TO UNIONIZE, IN LATEST SIGN OF ACTIVIST INFLUENCE 

State parties have also taken steps to try and protect the incumbent president. South Carolina has even considered skipping its GOP primary in 2020. Iowa and New Hampshire both plan to have their contests but say even if a challenger competes in their states, it’s likely a fool’s errand.

"If there is a viable challenge to the incumbent president, past practice is to allow caucus-goers to indicate their presidential preference,” said Jeff Kaufmann, who chairs the Republican Party of Iowa. “But potential challengers should know that Iowa is the heart of Trump country.”

Primary challenges to incumbent presidents have a history of failing – including Pat Buchanan against George H.W. Bush in 1992, Ted Kennedy against Jimmy Carter in 1980 and Ronald Reagan against Gerald Ford in 1976. However, in all three of those cases, the bruised incumbent went on to lose the White House in the general election.

Democrats, meanwhile, could be poised to keep pace with Trump’s fundraising – once the chaotic and crowded primary resolves.

Several candidates who have already declared – including Beto O’Rourke, Bernie Sanders and Kamala Harris – reported raising over $1 million in the first 24 hours after officially jumping into the race. O’Rourke has set the first-day record so far, bringing in a whopping $6.1 million.

For their part, Trump’s team isn’t taking anything for granted. According to the Facebook ad archives, the Trump Make America Great Again Committee has spent over $6 million on over 100,000 ads between May 2018 and mid-March 2019. The campaign itself spent nearly $4 million on just under 84,000 ads in that same time period, far outpacing the Democrats.

Source: Fox News Politics

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Manson follower Van Houten gets another chance at parole

Charles Manson follower Leslie Van Houten is getting another chance at freedom following a yearslong saga that has seen a parole board recommend her for release three times but her ultimately being denied the chance to leave prison.

Van Houten's case is being heard before California's 2nd District Court of Appeal, which will consider whether to overturn a judge's ruling denying her parole last year.

Van Houten's attorney, Rich Pfeiffer, will argue that his 69-year-old client deserves to be released because she has changed, takes responsibility for her actions and has been a model inmate for more than four decades. Prosecutors will continue to vigorously fight Van Houten's release because of the seriousness of the crimes.

Van Houten was 19 when she and fellow members of Manson's cult stabbed Los Angeles grocer Leno LaBianca and his wife, Rosemary, to death in 1969. The killings took place a day after other so-called Manson family members killed actress Sharon Tate and four others in crimes that shocked the world.

Van Houten, who is serving life in prison, was only involved in the LaBianca killings. She is not expected at the court hearing Wednesday.

Every year since 2016, a parole board has recommended that Van Houten be released, finding that she's no longer a threat to society.

Former Gov. Jerry Brown twice blocked Van Houten's release, saying she had failed to explain how she transformed from an upstanding teen to a killer and that she laid too much of the blame on Manson.

The parole board's most recent decision on Jan. 30 is undergoing a five-month review process before heading to Gov. Gavin Newsom.

A three-judge panel of the 2nd District Court of Appeal could decide the case after hearing arguments Wednesday, potentially rendering any decision by Newsom unnecessary, or the judges could decide that the case belongs in the governor's hands.

Pfeiffer said he has never been so optimistic that Van Houten will win.

"This has been the best anything has ever looked since I've been on the case," he said. "This is probably the best way out."

But courts can be reluctant to interfere in parole matters, said Samuel Pillsbury, a criminal law professor at Loyola Marymount University in Los Angeles.

"It is highly emotional," Pillsbury said. "The voters have decided the governor should have a veto on this, so the courts would prefer to let this process play out."

If the decision comes down to the governor, Pillsbury said Van Houten has an uphill battle because of the infamy of the Manson murders.

"There's no other case like it in terms of the number of people in California who feel strongly about it, who've lived through it," he said. "The entire state and much of the nation still feel some degree of trauma from that, and it makes it a very different kind of case from an elected official's point of view."

In denying Van Houten parole last year, Los Angeles Superior Court Judge William Ryan found that she would "pose an unreasonable risk of danger to society," citing the brutal nature of the crimes.

During one of her parole hearings, Van Houten said the killings were the start of what Manson believed was a coming race war that he dubbed "Helter Skelter," after a Beatles song, and that he had the group prepare to fight and learn to can food so they could go underground and live in a hole in the desert.

Van Houten said she was traveling up and down the California coast when acquaintances led her to Manson. She candidly described how she joined several other members of the group in killing the LaBiancas, carving up Leno LaBianca's body and smearing the couple's blood on the walls.

Manson died of natural causes in 2017 at a California hospital while serving a life sentence.

___

Follow Amanda Lee Myers on Twitter at https://twitter.com/AmandaLeeAP

Source: Fox News National

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Jordan Peterson Sings Eminem’s “Lose Yourself,” In Convincing Deep Fake Edit

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Source: InfoWars

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Some US Venezuelans flock to GOP amid anger at Dems for lack of action against Maduro

DORAL, Fla. -- For the first time in 60 years, South Florida’s political magnifying glass is on a country other than Cuba. The unfolding humanitarian crisis in Venezuela has pulled it to the forefront of the political conversation not just in the Sunshine State, but across the country.

As the country’s problems worsen, Democratic Venezuelan-Americans question whether their party’s actions go far enough. A growing number of exiles say they feel forgotten by a new generation of outspoken, progressive Democrats, leaving them less beholden to a party they had long supported.

Issues that for years were hotly debated in an area of Miami known as "Doral-zuela" due to its vibrant Venezuelan community, have made their way to the ears of some of the most powerful lawmakers in Washington, D.C.

The Venezuelans are angry that, as the country continues to spiral, some Democrats keep calling on the U.S. to pull out of Venezuela and lift all sanctions against the government.

“This is where the Democrats have consistently dropped the ball…they have never felt like it was an important issue…it's very difficult to feel and coexist in the same party that is saying these things are so ignorant about my homeland,” said Venezuelan immigrant Helena Poleo.

Poleo attended college in the U.S. with all intentions of returning to Caracas to begin her journalism career in her family’s magazine and newspaper business, unaware that years later, in November 2017, the Venezuelan government would wedge itself between her and her dreams.

“They denied us access to paper, they would shut down our power right at print time…it just became very hostile,” said Poleo, now president of Influence Communications, Inc. in Miami. Her family also fled to the United States and now runs the publications online from Miami.

“We have a newsroom in Venezuela but it's been very difficult these past few days. They haven't had power, they haven't had Internet,” she said.

Democratic Representatives Ro Khanna, Ilhan Omar and Tulsi Gabbard are opposing the Trump administration’s decision to recognize 35-year-old opposition leader Juan Guaidó as president of Venezuela, impose oil sanctions and refuse to rule out military action against denounced lefist-president, Nicolás Maduro.

BERNIE SANDERS REFUSES TO CALL VENEZUELA'S MADURO 'DICTATOR,' SAYS 'DEMOCRATIC OPERATIONS TAKING PLACE'

New York freshman congresswoman Alexandria Ocasio-Cortez, a self-proclaimed Democratic-socialist, has described U.S. strategy in impoverished Venezuela as “counterproductive,” siding with Vermont Sen. Bernie Sanders in refusing to denounce the Maduro regime, prompting harsh backlash from both sides of the political aisle.

The U.S. was the first country to recognize Guaidó as the legitimate president of Venezuela, prompting over 60 other nations to follow suit. The United Nations continues to recognize Maduro, although it has called for talks, as roughly 50-member nations have vowed to support him, including China, Cuba, Iran, North Korea, Russia and Syria.

“A lot of folks…are frankly taken aback by this expression of solidarity by the Left to the military regime…they wonder how it's possible,” said Cuban-American Congressman Mario Díaz-Balart, R-Miami. “If you look at Venezuela, it's hard not to understand that socialism…has destroyed it.”

Luigi Boria, who moved to the U.S. from Venezuela with his wife and kids in 1989, agrees. He said he doesn’t understand how elected officials could come to his community of exiles, many having experienced socialism first-hand, to tout those policies.

“This is something that's scares me coming from Venezuela…we need the United States because we love this country. This is a great country. And we came here looking for help…and we don't want that to get thrown out like what happened in Venezuela,” said Boria, the former mayor of Doral, home to the largest concentration of Venezuelans in Miami.

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But some Venezuelans are not entirely content with the Republican approach either. They said they want the president to pair tough talk abroad with action at home.

“I think Venezuelans are confused a little bit…on the one hand, we do have sort of a tough-talking administration that seems to take this issue very seriously and they appreciate that. But on the other hand…If we are recognizing the fact that there's a crisis happening in Venezuela it seems that it would be the appropriate thing to extend some kind of protection to people who are in this country right now and not deport them back to a country that is living through what Venezuela is living through,” said Maurizio Passariello, a Venezuelan-born Democratic strategist.

Although the Trump administration has criticized the Venezuelan regime and expressed support for its citizens, it has not granted legal status to immigrants fleeing to Florida, Texas and other states. While rare for the U.S. to grant legal status to those escaping a regime, it was granted for Cubans until 2017.

Florida’s Republican Cuban-American Sen. Marco Rubio is working with top Senate Democrats on temporary protected status legislation.

From 2017 to 2018, Venezuela had more U.S. asylum applications than any other country.

Immigration from the country, which is home to 31 million people, increased by 21 percent, or almost 61,000 people, between 2016 and 2017, the largest significant increase in immigrants from one country that year, according to the Migration Policy Institute. In the last three years, over 100,000 Venezuelans have settled in Florida.

Worsening hardships in Venezuela have tightened the link between the country and its exiles in the United States.

Worsening hardships in Venezuela have tightened the link between the country and its exiles in the United States. (Fox News)

Poleo said those members of Congress speaking out against U.S. intervention don’t speak for the whole party, arguing South Florida’s three Democratic Congresswomen—Donna Shalala, Debbie Wasserman Schultz and Debbie Mucarsel-Powell—are among the strongest supporters of the administration’s campaign to overthrow the Maduro government. They have also been quick to distance themselves from some of the far-left Democratic lawmakers commenting on this issue.

Shalala has insisted that Sen. Sanders’ positions were not reflective of those held by most Democrats.

"I'll make it clear, @SenSanders does not reflect the majority of the Democratic Party and our support for Venezuela's interim president @jguaido and the Venezuelan people," Shalala tweeted. "Maduro is a dictator and must go."

She and Rep. Wasserman-Schultz also traveled to the Venezuela-Colombia border, where Maduro's government had set up barriers to prevent humanitarian aid from entering the country.

“Our local Democratic leaders have been very vocal…but the rest of the country, the Democrats seem to be very ill-informed…so they are themselves fueling this,” Poleo said.

That position could give President Trump an edge with Latino voters in 2020 in one of the country’s largest swing states and home to its highest concentration of Venezuelans.

Nearly 17 percent of Florida’s registered voters are Hispanic, a group that includes Venezuelans, Cubans, Puerto Ricans, Colombians and Nicaraguans, among others. In a state that Trump won by 113,000 votes in 2016, the Latino vote can make or break an election.

The issue is already taking center stage on the 2020 campaign trail with most candidates asked about their position on the crisis. California Sen. Kamala Harris has called for free elections and humanitarian aid to be allowed in Venezuela while Sens. Kirsten Gillibrand, Cory Booker, Amy Klobuchar, along with former Vice President Joe Biden have affirmed their support of Guaidó as the legitimate leader of Venezuela.

“This is really not about ideology…there is actually a humanitarian crisis happening in Venezuela,” said Passariello. “There's a lack of medicine, there's a lack of food and an out of control refugee crisis.”

In a February anti-socialism speech to a South Florida crowd of mostly political asylum-seekers, President Trump said, “The days of socialism and communism are numbered…not only in Venezuela but in Nicaragua and in Cuba, as well.”

(Fox News)

“We already saw the Republicans using the socialist term against Democrats and connecting them to a regime. This is completely wrong and it's completely a wrong connection,” said Poleo. “But it's a connection that works and it's all about buzzwords. So it definitely works.”

Still, Republicans insist their anti-socialist message will help them in 2020.

“This could be what the Bay of Pigs was for Cuban voters…This could be a one-issue situation where even if you are a Democrat you vote for a Republican because they've been supportive of this,” said Poleo, adding that Venezuelans have found a support system in South Florida’s Cuban exile community since arriving to the U.S.

Díaz-Balart said the socialist-leaning positions of some Democrats could leave the party with the possibility of a new generation of Republican Venezuelan-Americans as the Cuban-Americans experienced in the 1960s.

Michael Touchton, a political science professor at the University of Miami, said the political impact could last for years, even decades.

“Just like with the Cuban-American population, I see an opportunity to take that political support for a generation or more,” said Touchton. “Many other members of Latino communities that are sympathetic…will be interested to see how this scenario is resolved or not resolved up to the 2020 election…so it might be more votes on the line than we think… these issues could reverberate well beyond the Venezuelan community.”

Source: Fox News Politics

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State to Repeal Sales Tax on Gold, Silver Bullion

The West Virginia legislature has approved a bill that would take an important first step towards treating gold and silver like money instead of a commodity by repealing sales and use taxes on bullion.

Sen. Craig Blair (R-Martinsburg) sponsored Senate Bill 502 (SB502). The proposed law defines “investment metal bullion” as “elementary precious metal which has been put through a process of smelting or refining, including gold, silver, platinum, and palladium, and which is in such a state or condition that its value depends upon its content and not its form.” It defines investment coins to include numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium, or other metal and of the United States or any foreign nation with a fair market value greater than any nominal value of such coins.

The West Virginia Senate passed SB502 by a vote of 33-0. The House concurred by a 90-9 vote. If Gov. Jim Justice signs the bill, it will go into effect July 1.

Enactment of this law would eliminate a barrier to investing in gold and silver and enable West Virginians to better protect themselves from the inflationary practices of the Federal Reserve.

Several other states are considering legislation to repeal taxes on gold and silver, including Arkansas, Tennessee, Oklahoma and Kansas.


Gerald Celente reveals what’s ahead as the Federal Reserve is crashing the debt & real estate bubble it created worldwide.

In Practice

Fundamentally,  gold and silver are money. But most governments treat precious metals as a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy.

Imagine if you asked a grocery clerk to break a $5 bill and he charged you a 35 cent tax. Silly, right? After all, you were only exchanging one form of money for another. But that’s essentially what West Virginia’s sales tax on gold and silver bullion does. By removing the sales tax on the exchange of gold and silver, West Virginia would treat specie as money instead of a commodity. This represents a small step toward reestablishing gold and silver as legal tender and breaking down the Fed’s monopoly on money.

Former Congressman Ron Paul testified during in support of a bill to eliminate capital gains taxes on gold and silver that passed in Arizona in 2017.

“We ought not to tax money – and that’s a good idea. It makes no sense to tax money.”

Paul has been a vocal supporter of this movement. He produced a video urging the Wyoming governor to sign a 2018 bill that repealed all taxes on gold and silver. He noted that things move agonizingly slow in Washington D.C. Passing bills like this at the state level are an important step toward real monetary reform.

“It’s just to me sad that we are so far removed from the Constitution. But a little bit here and a little bit there, there is going to be a revolution in monetary policy.”

Paul emphasized that monetary reform is an important step toward reducing the power of the federal government.

“Believe me, the size and scope and interference of government would change a whole lot if we could rein in the monetary system, rein in the Federal Reserve and rein in this spending.”

Practically speaking, eliminating taxes on the sale of gold and silver would crack open the door for people to begin using specie in regular business transactions. This would mark an important small step toward currency competition. If sound money gains a foothold in the marketplace against Federal Reserve notes, the people will be able to choose the time-tested stability of gold and silver over the central bank’s rapidly-depreciating paper currency.

(Photo by Eric Golub / Flickr)

Background Information

The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” States have simply ignored this constitutional provision for years. It’s impossible for a state to return to a constitutional sound money system when it taxes gold and silver as a commodity.

SB502 tales a step toward establishing gold and silver as legal tender in the state and that constitutional requirement, ignored for decades in every state. This sets the stage to undermine the monopoly of the Federal Reserve by introducing competition into the monetary system.

Constitutional tender expert Professor William Greene said when people in multiple states actually start using gold and silver instead of Federal Reserve Notes, it could create a “reverse Gresham’s effect,” drive out bad money, effectively nullify the Federal Reserve, and end the federal government’s monopoly on money.

“Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a “reverse Gresham’s Law” effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes). As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.”

Once things get to that point, Federal Reserve notes would become largely unwanted and irrelevant for ordinary people. Nullifying the Fed on a state by state level is what will get us there.


Stewart Rhodes joins Matt Bracken & Alex to break down why patriots must be aware of false smears and remember their personal values.

Source: InfoWars

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Jason Chaffetz: Social media discrimination against conservatives 'very real'

Former congressman Jason Chaffetz claimed Wednesday social media platforms such as Facebook and Twitter do discriminate against conservatives, saying “the situation is very real.”

“Look, Facebook, Twitter, they all have I think a duty and responsibility to validate who is actually on their system. But this bot [excuse]… they don’t go against the liberals in this case,” Chaffetz said on “America’s Newsroom.”

Facebook apologized Tuesday to White House social media director Dan Scavino who was restricted on the platform. Facebook blamed the situation on protocol’s to stop automated bots, but Chaffetz however wasn’t buying it.

“I don’t believe any of that. I don’t believe that it’s a coincidence this happened at the senior most level there at the White House,” Chaffetz told co-host Sandra Smith.

TRUMP SLAMS FACEBOOK, GOOGLE, TWITTER, SAYS TECH GIANTS ARE 'ON THE SIDE OF THE RADICAL LEFT DEMOCRATS'

Former congressman Jason Chaffetz, seen here in 2015, claimed Wednesday social media platforms such as Facebook and Twitter do discriminate against conservatives.  (REUTERS/Jim Bourg)

Former congressman Jason Chaffetz, seen here in 2015, claimed Wednesday social media platforms such as Facebook and Twitter do discriminate against conservatives.  (REUTERS/Jim Bourg) (REUTERS)

Chaffetz also expressed the belief that litigation much like Rep. Devin Nunes’, R-Calif., $250 million dollar lawsuit against Twitter could accomplish a lot going forward.

“I do believe that civil suits may be able to get further into this then maybe what the government can do,” Chaffetz said.

“From the Federal Trade Commission and the Security and Exchange Commission, those two because these companies are publicly traded, they’re going to subject themselves to a whole lot more scrutiny and there’s a lot of evidence out there that this always goes one direction and it’s against conservatives not against liberals.”

TWITTER'S JACK DORSEY SAYS COMPANY WAS PROBABLY 'WAY TOO AGGRESSIVE' IN BANNING CERTAIN ACCOUNTS

The president Tuesday spoke out against the discrimination of conservatives on social media platforms while holding a joint-presser with the president of Brazil at the White House.

“Things are happening, names are taken off. People are not getting through. You've heard the same complaints. It seems to be that if they are conservative, Republicans, or in a certain group, there is big discrimination. I see it absolutely on Twitter, and Facebook, which I have also, and others I see,” President Trump said.

Source: Fox News National

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Factbox: Big bank CEOs face the heat over pay disparity at Capitol Hill

FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo

April 10, 2019

(Reuters) – Chief executive officers of some of America’s largest banks, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc, on Wednesday testified before Congress, where they were grilled on a wide range topics.

The discussions ranged from banks’ ability to safeguard the financial system, their role in financing gun-makers, to diversity and compensation.

Citigroup CEO Michael Corbat faced tough questions from Representative Nydia Velazquez, a New York Democrat, on the discrepancy between his pay and the average worker’s salary.

“Citi has the dubious distinction of having the largest discrepancy between CEO compensation and median employee salary of any other institution present today – a remarkable 486:1 ratio,” Velázquez said.

When asked how Corbat would feel if he were an employee in a company where his boss earned $486 for every $1 he made, the 57-year old CEO said, “I would be hopeful that there is opportunity to continue to advance within the firm,” much to Velázquez’s chagrin who ended the conversation saying, “Just unbelievable! This is why people who live in a bubble or ivory towers cannot understand why there’s so much anger out there.”

(Reporting By Aparajita Saxena and Suhail Hassan Bhat in Bengaluru; Editing by Sweta Singh)

Source: OANN

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FILE PHOTO: Chevron's Michael Wirth speaks at Gastech, the world's biggest expo for the gas industry, in Chiba
FILE PHOTO: Chevron’s Michael Wirth speaks at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai

April 26, 2019

HOUSTON (Reuters) – Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.

Occidental Petroleum on Thursday sought to scuttle the proposed deal, submitting a higher, $38 billion cash-and-stock offer for Anadarko. Anadarko’s board said on Thursday it would evaluate the new proposal.

“I’ll just remind everyone that we’ve got a signed deal that has been approved by both boards and we’ve moving forward with integration planning,” said Chevron Chief Executive Michael Wirth on a conference call with analysts. He said a “sizeable” group of employees had already met.

Wirth declined to say whether Chevron would raise its offer in light of Occidental’s higher bid. Chevron has the ability revise the structure of its 75 percent stock, 25 percent cash bid, Chevron finance chief Pierre Breber said on the same call. “We could put more cash in if that’s what Anadarko wanted to do,” he said.

(Reporting by Gary McWilliams; Editing by James Dalgleish)

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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)

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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)

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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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