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Sen. Cassidy: Use Seized Cartel Money to Fund Wall

The government should use the billions of dollars captured from drug cartels to help fund the nation's border wall, which would help to decrease criminal activity at the same time that border security is strengthened, Sen. Bill Cassidy, R-La., who has devised a plan to make that happen, said Monday.

"They now need to transfer it back to say, Mexico," Cassidy told Fox News' "Outnumbered Overtime." "The fact that we capture that money, to use it for increased border security, theoretically, could increase the amount of money we seize in the future from related activities."

At least $60 billion a year is being moved by the cartels out of the United States to other countries, where in some cases the funds finance Hezbollah and terrorism, while "we are getting $5 billion," Cassidy said. "That means they are successfully moving $55 billion a year."

That so much money is leaving constitutes yet another national emergency, he added, and "shows you how ineffective the current policies are, and what justification there is for more aggressive policy."

Meanwhile, Cassidy said it is getting "tougher" for Democrats like House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., to argue against increased spending for the border wall, in particular, the president's new budget call for $8.6 billion, because media outlets like The New York Times are also referring to a "crisis" at the border.

"When you have your allies in the media conceding the point to President Trump, maybe the argument is shifting," Cassidy said.

Source: NewsMax America

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Motor racing: Sponsor hails Netflix F1 series as big boost for the sport

FILE PHOTO: Haas Formula One Team Livery Launch
FILE PHOTO: Formula One F1 - Haas Formula One Team Livery Launch - Royal Automobile Club, London, Britain - February 7, 2019 Haas' Kevin Magnussen, Romain Grosjean, Rich Energy CEO William Storey and Haas Team Principal Guenther Steiner pose with the car during the launch REUTERS/John Sibley

March 19, 2019

By Alan Baldwin

LONDON (Reuters) – Netflix’s behind-the-scenes ‘Drive to Survive’ Formula One documentary has been a huge success that could change the way broadcasters engage with audiences, one of the sport’s top sponsors said on Tuesday.

The 10-part series, made in conjunction with Formula One and covering the 2018 championship, was released ahead of last weekend’s Australian season-opener in Melbourne.

Filmed without the cooperation of world champions Mercedes and rivals Ferrari, it focuses on those further down the starting grid such as the U.S.-owned Haas team and their principal Guenther Steiner.

“I think it’s phenomenally successful, certainly from our perspective,” Heineken’s sponsorship lead for F1 Ben Pincus said at an Advertising Week Europe panel discussion on the ‘resurgence of Formula One’.

“It’s fascinating how you can tell a story without actually ever featuring any on-track action, and a story that in some respects is more compelling and more engaging to your less hard-core fan,” he added.

“I think it’s been a great success…it’s getting people thinking differently about how they broadcast, how they engage with audiences.

“It makes you think about stuff that you might take for granted being really interesting and appealing to others.”

Pincus suggested Formula One’s ‘traditional linear broadcasters’ could grow their audiences by adopting some of Netflix’s story-telling techniques when it comes to the off-track action.

Red Bull Racing’s head of marketing Oliver Hughes said it seemed like 90 percent of those on his flight to Melbourne had been watching the series.

He added that Red Bull, who feature prominently in parting ways with Renault and Australian driver Daniel Ricciardo, had given the Netflix cameras good access and would be even more welcoming for a second season now in the works.

“We entered it with pretty open eyes and a huge amount of trust and our view is that for this year we’ll be more into it than we were last season,” he said.

“We gave access that was enough to be credible but we could have given more. I think the teams that gave more, especially in the midfield, have provided a really interesting story.”

Yath Gangakumaran, Formula One’s director of corporate strategy and business development, said Netflix did not give viewing figures but had “told us it’s gone down very well”.

(Reporting by Alan Baldwin, editing by Toby Davis)

Source: OANN

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EU executive recommendations to guide future euro zone budget

The facade of the EU Commission headquarters is reflected in the windows of the EU Council building in Brussels
The facade of the European Commission headquarters is reflected in the windows of the EU Council building in Brussels, Belgium, April 5, 2019. REUTERS/Francois Lenoir

April 5, 2019

By Jan Strupczewski

BUCHAREST (Reuters) – The European Commission, with the approval of euro zone governments, will set priorities for the yet-to-be-created euro zone budget, EU finance ministers agreed on Friday, in an effort to balance national and EU powers over the new pool of money.

The discussion is the latest, small step in the euro zone’s long-standing drive for deeper economic integration that is to make the 19 countries sharing one currency more resilient to economic crises in the future.

The 28 countries that now form the European Union already have a shared EU budget, that is set every seven years and equal to 1 percent of the bloc’s gross national income.

But euro zone countries also want to have a separate euro zone budget, which would serve as a fiscal tool to intervene in the euro zone economy alongside the single monetary policy of the European Central Bank.

Detailed work on the construction of such a euro zone budget has been under way from the start of the year and is to finish in June by when the ministers will also have decided on the budget’s size and sources of financing.

At the meeting on Friday, ministers discussed the governance of the budget — a complex issue because euro zone governments want to retain control over how the money would be spent. They agreed in December to provide “criteria and strategic guidance”.

But they have also agreed that it must be part of the broader and bigger long-term EU budget and that they would determine its size “in the context of” the EU budget.

“There is broad support for making appropriate links between the budgetary instrument and … the euro area recommendations,” the chairman of euro zone finance ministers Mario Centeno told a news conference referring to recommendations for the euro zone economy issued annually by the Commission.

But to balance the Commission’s power, the recommendations have to be approved by euro zone finance ministers. The final text of the recommendations has sometimes changed in the past, when governments disagreed with Commission views.

“The euro area recommendations would set the direction and identify the areas of reform and investment that should be followed,” one euro zone official close to the talks said.

“This would then be trickled down to national recommendations, and the budget would support initiatives, reforms and projects linked to these recommendations,” he said.

“The euro area recommendations would need to beefed up. They would be much more pointed and operational. Because there would be money at the end of that line,” the official said.

Centeno said the strategic guidance role for the euro zone governments would have to be codified but there was still no consensus on how to do it best.

“Some prefer an Inter-Governmental Agreement, others prefer to develop legal arrangements within the EU law. We will come back to this issue next month,” he said.

(Reporting by Jan Strupczewski; Editing by Alison Williams)

Source: OANN

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Lawmaker claims Dems are out to eliminate ‘so help me God’ from congressional oath

Rep. Mike Johnson, R-La., is accusing Democrats of making a concerted effort to eliminate “so help me God” from the congressional oath.

Americans "need to know that there is a concerted effort now to change this tradition,” Johnson said on "The Todd Starnes Show.”

HAVE AMERICAN UNIVERSITIES BECOME BREEDING GROUNDS FOR ANTI-WHITE HATE?

Fox News reported last month that the House Committee on Natural Resources was looking to remove the phrase from the oath, sparking outrage among conservatives. The phrase appeared in a rules proposal draft in brackets, with a red line through it.

House Natural Resources chairman Raúl Grijalva, D-Ariz., has since called the red line “a mistake,” but Johnson isn’t buying it.

“This is not a mistake, or oversight,” Johnson told Starnes. “It’s not a coincidence.”

Johnson believes Democrats are pushing a “politically correct” agenda when it comes to God.

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“I take our Democrat colleagues, I give them the benefit of the doubt,” Johnson told Starnes. “But when it happens over and over, and when you have some who are openly defiant that’s on it, it appears to be a concentrated strategy. And I think the vast majority of the people in this country, in both parties on both sides of the aisle, would be upset to know that this is going on.”

Source: Fox News Politics

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India plans to buy 21 MiG-29 jet fighters from Russia: RIA

A MIG-29 fighter performs during the
FILE PHOTO - A MIG-29 fighter performs during the "Aviadarts" military aviation competition at the Dubrovichi range near Ryazan, Russia, August 2, 2015. REUTERS/Maxim Shemetov

February 20, 2019

MOSCOW (Reuters) – India plans to buy 21 MiG-29 jet fighters and possibly more from Russia, the RIA news agency cited the deputy director of Russia’s federal service for military-technical cooperation as saying on Wednesday.

The report did not offer a possible time frame for the procurement plans.

New Delhi last year agreed a deal with Russia to buy S-400 surface-to-air missile systems despite a warning from the United States that such a purchase could trigger sanctions under U.S. law.

(Reporting by Tom Balmforth; editing by Andrew Osborn)

Source: OANN

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Ocasio-Cortez Is an All-American Socialist

As much as conservatives are aghast at the over-the-top collectivist ideas of Rep. Alexandria Ocasio-Cortez, we cannot ignore the oversize intrigue with this young woman, who has gained instant influence and celebrity. Perhaps it is because people see her as so all-American.

Read Full Article »

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UNC obtains warrants for suspects in memorial vandalism

Police have obtained arrest warrants for two people accused of vandalizing a monument to people of color at the flagship campus of the University of North Carolina.

UNC police issued a statement late Monday that officers have warrants for two people but did not disclose their names. Separate incident reports list misdemeanor property damage as the crime.

Police had announced no arrests as of Tuesday morning.

UNC-Chapel Hill interim Chancellor Kevin Guskiewicz has said that "racist language" defaced the Unsung Founders Memorial, which honors people of color. A separate art installation was also defaced.

The incident reports say the vandalism to the Unsung Founders Memorial was discovered Sunday around 1:40 a.m., and the other vandalism several hours later.

The memorial has been cleaned, and police have set barriers around it.

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Information from: The News & Observer, http://www.newsobserver.com

Source: Fox News National

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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