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Business News >> Personal Finance

Iranian oil tanker pursued by US says it is going to Turkey

Iranian oil tanker pursued by US says it is going to TurkeyAn Iranian-flagged oil tanker pursued by the U.S. amid heightened tensions between Tehran and Washington changed its listed destination to a port in Turkey after Greece said it wouldn't risk its relations with America by aiding it. The crew of the oil tanker Adrian Darya 1, formerly known as the Grace 1, on Saturday updated its listed destination in its Automatic Identification System to Mersin, Turkey, a port city in the country's south and home to an oil terminal.



08/25/2019 - 12:21 AM

 

Police are trying to arrest their way out of a mass shooting epidemic, and experts warn that law enforcement can't shoulder the entire burden

Police are trying to arrest their way out of a mass shooting epidemic, and experts warn that law enforcement can't shoulder the entire burdenThe arrests won't fully or permanently stop a person determined to inflict mass death — and the US is nowhere near close to tackling the root causes.



08/24/2019 - 07:04 PM

 

A floating nuclear plant in Russia features a gym, bar, and pool. An expert calls it 'Chernobyl on ice.'

A floating nuclear plant in Russia features a gym, bar, and pool. An expert calls it 'Chernobyl on ice.'Environmental activists worry about the perils of placing nuclear reactors at sea, where they could be vulnerable to climate-related disasters.



08/23/2019 - 01:49 PM

 

UK Hong Kong consulate worker Simon Cheng freed after detention in mainland China

UK Hong Kong consulate worker Simon Cheng freed after detention in mainland ChinaA British consulate employee in Hong Kong has been freed by China after being detained for 15 days on the mainland amid rising tensions between the former British colony and Beijing. Simon Cheng, 28, a trade and investment officer at the Hong Kong consulate’s Scottish Development International section, went missing on August 8 on his way back from a work trip in Shenzhen, a neighbouring Chinese city.  It was not until after the UK expressed “extreme concern” about his disappearance that China’s foreign ministry broke its silence, confirming Mr Cheng had been detained without releasing further details.  On Saturday, his family announced that he had come back. "Simon has returned to Hong Kong; thanks you everyone for your support! Simon and his family wish to have some time to rest and recover, and will not take any interview,” they said in a statement.   An activist holds an illustration of Simon Cheng during a gathering outside the British Consulate-General building in Hong Kong  Credit: AFP Chinese police in Shenzhen confirmed that Mr Cheng had been detained for violating public security management regulations, and was released after that period on Saturday.  Police also said he had “confessed to the facts of his illegal activity,” without saying what those activities were. Mr Cheng was not formally charged or tried in court, and his family rejected allegations in Chinese state media that he had been detained for visiting prostitutes.  On Friday the UK issued a warning to all travellers to Hong Kong about increased scrutiny from mainland authorities at border crossings. The warning added that mobile phones and electronic devices were being checked by border patrol. Mr Cheng’s mysterious disappearance highlights China’s murky legal and judicial system – something that help kicked off mass protests early June in Hong Kong. Many fear freedoms enjoyed in Hong Kong, guaranteed for at least 50 years under an agreement that became effective when the former British colony was returned to Beijing, are fast-disappearing under China’s ruling Communist Party.  Hong Kong crisis | Comment and analysis Millions first took to the streets against a now-suspended extradition proposal that would have sent people to face trial in mainland China, where Communist Party control of the courts contributes to a 99.9 per cent conviction rate. Forced confessions are also common with suspects paraded on state television. “What happened to Simong Cheng – this is a common tactic used by the central government to put pressure on people,” said Kammy Yang, 50, an office clerk at a protest on Saturday. “Many Chinese activists were accused of prostitution or tax scams; this is their strategy in China, trying to suppress freedom.” Thousands of protesters on Saturday engaged in a series of skirmishes, throwing projectiles from bricks to petrol bombs at police who responded with sprays of tear gas and rubber bullets. It was the first time tear gas had been deployed in 10 days, a period of relative calm as protesters recalibrated their approach in an otherwise tumultuous, violent summer.  Demonstrators join hands to form a human chain during the Hong Kong Way event in the Central district of Hong Kong, China, on Friday Credit: Bloomberg “The reasons why protesters are building roadblocks, surrounding police stations, and throwing bricks – it’s because the government doesn’t respond to us,” said Vaso Chan, 28, an office clerk. “It’s not fun for any of us to come out during summer break.” Protesters spray painted slogans like “Give me liberty or death,” Chinazi,” and “HK popo Gestapo,” on sidewalks and highways. As the political movement has grown, so have protesters’ demands, who are now calling for an independent inquiry into police handling of the protests, the resignation of Hong Kong chief executive Carrie Lam, and direct leadership elections.  City leaders however have made no concessions, instead thrusting the police to the front lines to handle the situation, further angering protesters.  Demonstrations are occurring nearly every day now in the financial hub, disrupting traffic and public transportation. On Saturday, several stations closed along a planned march route. But despite growing unrest, public support for the protesters has stayed strong, with marches and strikes planned through September. “No matter whether those protesters are peaceful protesters or protesters that are standing in the ‘front lines’, no matter what they do, we will support them,” said Mr Chan.



08/24/2019 - 10:15 AM

 

Journalist killed in Mexico

Journalist killed in MexicoThe head of a Mexican news website was found stabbed to death in the center of the country, authorities said Saturday, the 10th such killing this year. The body of Nevith Condes Jaramillo "was found Saturday morning... showing injuries from a sharp object," the state prosecutor said in a statement. Condes Jaramillo, 42, was the head of a local news site in Tejupilco and was also an announcer on a community radio station.



08/25/2019 - 01:32 AM

 

Joe Biden asks audience to imagine Barack Obama’s assassination

Joe Biden asks audience to imagine Barack Obama’s assassinationFormer US vice president Joe Biden has speculated about how a political assassination of Barack Obama might have affected the country in 2008.Speaking at a town-hall-style campaign event nominally dedicated to health care, speculating, he went on to recall that he was accused of being gay because of his support of women’s rights in the 1970s.



08/24/2019 - 04:48 AM

 

Russian doctor has trace of radiation after explosion

Russian doctor has trace of radiation after explosionMore than 100 Russian medical workers who helped treat victims of a recent mysterious explosion at a military testing range have undergone checks and one man has been found with a trace of radiation, officials said Friday. It was followed by a brief rise in radiation levels in nearby Severodvinsk, but the authorities insisted it didn't pose any danger. The Arkhangelsk regional administration said Friday that 110 medical workers have undergone checks that one man was found with a low amount of radioactive cesium-137 in his muscle tissue.



08/23/2019 - 11:12 AM

 

20 of the Craziest Pickup Trucks Ever

20 of the Craziest Pickup Trucks Ever



08/23/2019 - 11:55 AM

 

A man was training to get a gun permit. The instructor accidentally shot him, police say

A man was training to get a gun permit. The instructor accidentally shot him, police sayThe instructor, a Riverside County Sheriff's Department trainer, accidentally shot a student attending the class to get a concealed weapons permit.



08/24/2019 - 02:27 PM

 

Russia's Chechnya inaugurates what it says is Europe's largest mosque

Russia's Chechnya inaugurates what it says is Europe's largest mosqueAuthorities in the Russian region of Chechnya on Friday inaugurated what they said was the largest mosque in Europe in a pomp-filled ceremony attended by local and foreign officials. Named after the Prophet Mohammed, the marble-decorated mosque has capacity for more than 30,000 people and has been described by the Chechen authorities as the "largest and most beautiful" mosque in Europe. Chechen leader Ramzan Kadyrov, an ally of President Vladimir Putin, said the mosque -- located in Shali, a town of 54,000 just outside the regional capital Grozny -- was "unique in its design, and majestic in its size and beauty".



08/23/2019 - 09:33 AM

 

A man with schizophrenia was found guilty of murdering a Saint Augustine's University student in 1979. 40 years later, a panel of judges decided he's innocent after all.

A man with schizophrenia was found guilty of murdering a Saint Augustine's University student in 1979. 40 years later, a panel of judges decided he's innocent after all.Blackmon's lawyers argued he was tricked by police and prosecutors into falsely confessing to a crime he didn't commit.



08/23/2019 - 11:05 AM

 

Pelosi’s Go-Slow Impeachment Strategy Is Tested in Fight Over Trump’s Bank Records

Pelosi’s Go-Slow Impeachment Strategy Is Tested in Fight Over Trump’s Bank Records(Bloomberg) -- Donald Trump’s lawyers were in a New York courtroom Friday trying to block Democrats’ access to financial records from Deutsche Bank AG and Capital One Financial Corp. -- and House Speaker Nancy Pelosi has much at stake over the outcome.The president has been in a fight to keep his financial information private, especially since Democrats won control of the House in November. His lawyers went before a three-judge federal appeals court panel seeking to overturn a ruling that the banks had to comply with subpoenas issued by the House Intelligence and Financial Services committees.A Trump victory would undercut Pelosi’s litigation-first strategy to put off a politically explosive decision on whether to impeach the president. It could make it impossible for her to continue fending off the growing demands from House Democrats to at least open an impeachment inquiry, calls that have been joined by several of the party’s 2020 presidential candidates.So far, Pelosi has held to her go-slow approach as polls consistently show that the public doesn’t support impeachment at this point and Democrats can’t risk alienating voters in swing districts if they want to keep or expand their House majority.Friday’s test of the speaker’s strategy came in an appeal by Trump’s lawyers to a ruling in May by U.S. District Judge Edgardo Ramos. They say the subpoenas in dispute, which call for records relating to Trump, his businesses and his family, are too broad and that the House is simply out to harass and embarrass him.Pelosi says getting the records from these two long-time Trump lenders is among several House legal pursuits needed to build a stronger case for impeachment -- beyond former Special Counsel Robert Mueller’s findings in his report on Russian interference in the 2016 election.The bank records could document foreign influence on the president and his family, including “money laundering, illicit transactions and foreign investments,” Pelosi said in a memo this month to fellow Democrats.Friday’s hearing reflected that broader drama. The judges aggressively questioned both sides and granted each more than twice its allotted time. And the session ended in a remarkable standoff between the judges and the lawyers for Deutsche Bank and Capital One, who were repeatedly asked -- and repeatedly refused to say -- whether the banks even had tax records sought by the House subpoenas.Can’t go there, Raphael Prober, an attorney for Deutsche Bank, told a surprised trio of appellate judges.“I’m simply not able to answer that question standing here today,” he said.Read More: Democrats Want Trump’s ‘Every Debit Card Swipe,’ Lawyer SaysThe battle over the bank records is an early test in the courts of a developing contest between the executive and legislative branches that may go all the way to the Supreme Court, with all the maneuvering and delays that implies.More than roughly half of the lawmakers in Pelosi’s 235-member caucus are already calling for impeachment or at least for the opening of formal impeachment inquiry -- and the number keeps growing.This week, Ben Ray Lujan of New Mexico, the No. 4 House Democrat, joined that chorus, saying an impeachment inquiry “will continue to uncover the facts for the American people and hold this president accountable.”Against this pressure, even a mid-level court defeat could undercut Pelosi’s insistence that the House is poised for victories before judges and should stay the course with her impeachment-delay strategy.“Maxine Waters, Chair of Financial Services, and Adam Schiff, Chair of Intelligence, are winning in court in the Deutsche Bank case, seeking the president’s bank-account records,” she wrote in the memo to Democrats.Pelosi also seized on a lower court ruling in favor of the Oversight and Reform Committee’s subpoena to an accounting firm, Mazars USA LLP, seeking the president’s financial records. But Trump’s lawyers last month asked an appeals court in Washington to reverse that too, contending that the panel was overstepping its oversight responsibilities.Another front was opened last month, when the House Ways and Means Committee filed a lawsuit asking a federal court in Washington to force the Treasury Department and Internal Revenue Service to hand over the president’s tax returns for the past six years.Pelosi wasn’t commenting through her office Thursday on Friday’s scheduled legal arguments.Avoiding SetbacksBut she and her House legal team have to avoid setbacks in the various court battles for Trump financial records, testimony and other information, according to Neil Kinkopf, a law professor at Georgia State University in Atlanta.“A loss in the Second Circuit would be a major setback from every angle,” he said of the court that’s hearing Friday’s appeal regarding bank records.Kinkopf said it would undercut Pelosi’s “go slow, we’re winning in the courts strategy” but also “it would be a real blow to those who want to move forward on impeachment, because it would deny, or delay their access to documents and testimony that seem crucial to mounting a credible impeachment proceeding.”Some analysts doubt Pelosi really wants to pursue impeachment, which would likely end with the Republican-controlled Senate refusing to remove the president from office.‘Winning’ by Losing“Few people on the Hill seriously believe that Pelosi is seriously entertaining impeachment,” said Jonathan Turley, a law professor at George Washington University in Washington.“If this is correct, Pelosi’s ‘winning’ strategy may be losing,” Turley said. “If she loses, she has burned the calendar for impeachment and not produced any further evidence to support articles of impeachment. Alternatively, if she wins, this goes to the Supreme Court and will be delayed into 2020,” when she can argue it’s too close to the election to act on impeachment.But Pelosi has denied that she’s determined to avert impeachment, saying last month that her patience for litigation “isn’t endless.”House Judiciary Chairman Jerrold Nadler of New York has argued that his panel’s pursuit of Trump’s “malfeasance” -- through subpoenas and in the courts -- already amounts to “formal impeachment proceedings.”“We’re gathering all the evidence,” he said Aug. 8 on CNN. “And we will, at the conclusion of this, hopefully by the end of the year, vote articles of impeachment to the House floor. Or we won’t.”In urging the appeals court to uphold the ruling demanding Trump’s bank records, the House Financial Services and Intelligence panels argued that they issued the subpoenas in support of legitimate congressional probes and that the requests for information are within Congress’s broad constitutional powers.“The subpoenas are designed to obtain documents to inform the committees’ investigations, oversight functions, and legislative judgments,” and the district court was right to hold that they serve legitimate legislative purposes, the committees said.But lawyers for Trump contend it’s overreach.“The subpoenas seek documents reaching back more than a decade, cover individuals who have never held government office (including minor children), and seek virtually every financial detail that the institutions might have about plaintiffs’ private affairs,” they said in a brief filed with the appeals court.(Updates with the events of Friday’s hearing in paragraphs 8-10.)\--With assistance from Patricia Hurtado.To contact the reporters on this story: Billy House in Washington at bhouse5@bloomberg.net;Bob Van Voris in federal court in Manhattan at rvanvoris@bloomberg.netTo contact the editors responsible for this story: Kevin Whitelaw at kwhitelaw@bloomberg.net, Larry Liebert, Anna EdgertonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



08/23/2019 - 04:52 PM

 

Metal detectorist finds £10,000 gold ring in garage 40 years after discarding it as worthless

Metal detectorist finds £10,000 gold ring in garage 40 years after discarding it as worthlessA metal detectorist who discarded a gold ring in his garage for 40 years after a museum told him it was worthless has discovered its real value is £10,000. Tom Clark, 81, dug up the buried treasure while scanning an area of farmland near Aylesbury, Buckinghamshire, in 1979, then put it inside a metal tin and forgot about it. But the retired leather craftsman came across the rare seal ring eight years ago while sorting through items from his mother's house after she passed away. He got the item valued and was astonished to discover that it was actually a 670-year-old medieval artefact dating back to 1350. It is due to be auctioned off in Derbyshire on Tuesday (Aug 27) and is expected to sell for between £8,500 and £10,000. The turn of events is similar to the plot of BBC sitcom Only Fools and Horses, when brothers Del and Rodney come across a watch in their garage which is then auctioned off for millions of pounds. Mr Clark said: "I had completely forgotten about it. At the time I'd only been metal detecting for 10 years and didn't realise the ring was anything special. It was all twisted and broken when I dug it up." He took the rare ring along with some others to a museum to have them valued at the time, but was told they were all fairly modern. "I put them all in a tin and left them in the garage at my mother's house," he said. "A few months ago, I was sorting through some stuff in my own garage that had come from my mother's house and there it was - the tin with the rings in it." Tom is auctioning off the ring, which is expected to make between £8,500 and £10,000 Credit: Hansons / SWNS/Hansons / SWNS Mr Clark, now a much more experienced collector, said he instantly knew it was a seal ring dating back to the 1300s and would have belonged to someone important given its decoration and quality. He added: "It's rare and elegant. I'd love to know who it belonged to." A Latin inscription on the ring translates as 'I hide the true message'. Mark Becher, Historica expert at auctioneer Hansons, said: "It's a fascinating piece of medieval jewellery and I'm delighted Tom rediscovered again after all these years."



08/23/2019 - 08:46 AM

 

Cathay flight attendant says fired over Facebook posts on HK protests

Cathay flight attendant says fired over Facebook posts on HK protestsA flight attendant on Friday accused Cathay Pacific of summarily firing her over Facebook posts linked to Hong Kong's political crisis, adding to concerns about a China-driven witch-hunt to root out pro-democracy supporters at major firms. The Hong Kong-based airline has been accused of bowing to political and commercial pressure from Beijing by sacking employees in recent weeks for their public support for the massive anti-government movement roiling Hong Kong. Earlier this month, China's aviation authority ordered Cathay Pacific to stop pro-democracy supporters among its 27,000 staff from working on flights to -- or over -- China, after a general strike drew out some of its staff.



08/23/2019 - 04:35 AM

 

VIDEO: 2 trans women, gay man ejected from DTLA bar after alleged altercation with other group

VIDEO: 2 trans women, gay man ejected from DTLA bar after alleged altercation with other groupTwo transgender women who were forcibly removed from a downtown L.A. bar say security guards used excessive force after they were allegedly verbally attacked with transphobic slurs.



08/24/2019 - 10:37 PM

 

Chinese embassy says the US is trying to suppress Huawei

Chinese embassy says the US is trying to suppress HuaweiAn embassy statement to The Associated Press said the arrest of Huawei executive Meng Wanzhou in Canada at the request of U.S. authorities is "of course different" from China's detentions of Canadians Michael Kovrig and Michael Spavor. "The Meng Wanzhou incident is not just a judicial case, but the U.S. using state power to work with its certain ally to suppress a private high-tech Chinese enterprise on unwarranted charges.



08/23/2019 - 05:48 PM

 

Revered as a saint by online extremists, how Christchurch shooter inspired copycat terrorists around the world

Revered as a saint by online extremists, how Christchurch shooter inspired copycat terrorists around the world“Brenton Tarrant was a catalyst for me personally. He showed me that it could be done. And that it needed to be done.”Those were the words written by John Timothy Earnest shortly before he stormed a synagogue in Poway, California, and opened fire on the Jewish congregation.



08/24/2019 - 04:22 PM

 

Fast-moving wildfire erupts in California, forcing thousands to evacuate

Fast-moving wildfire erupts in California, forcing thousands to evacuateMountain fire races across hundreds of acres in just hours as wildfire season looms large over the stateThis photo provided by Cal Fire shows an aerial view of the Mountain Fire on 22 August. Photograph: APA fast-moving wildfire that broke out on Thursday in northern California has forced the evacuation of nearly 4,000 residents, racing across at least 600 acres within just a few hours, officials say. The Mountain fire, which erupted on the outskirts of a national forest in northern California, has threatened 1,110 homes and structures. As of Friday morning the fire was 40% contained , according to Cal Fire.The cause of the fire is under investigation.Photos of the blaze posted on Twitter by the Shasta county sheriff’s office showed thick black and gray smoke billowing into the area over a highway near the Shasta-Trinity national forest.“Jones Valley and Bella Vista area residents! This situation is very fluid and rapidly changing, if you do not see your road listed but feel you are in danger YOU MAY EVACUATE to Shasta College Gymnasium,” the sheriff’s department said in a separate tweet.The Mountain fire is threatening thousands of homes and forcing evacuations. Photograph: APThe Shasta College campus was closed along with Highway 299 and about a dozen smaller roads. Residents of small communities in the path of the flames were told to evacuate or be prepared to flee on short notice.California was hit by some of the deadliest and most destructive wildfires in a century last year and state officials have warned this year’s fire season could be similarly intense.The Camp fire, which broke out in Butte county in November and overran the town of Paradise, killed 86 people and left thousands of others homeless. State fire investigators determined that the Camp fire was sparked by Pacific Gas & Electric Co transmission lines.The Mountain fire broke out on the same day that Bernie Sanders, the senator and Democratic presidential candidate, unveiled his $16.3tn climate change plan and toured Paradise, which he called a “wake-up call for our entire nation”.“Climate change is a major, major crisis for our country, and the entire world, and one of the manifestations of that crisis is what happened here,” Sanders said as he walked through a burned-out mobile home park in Paradise alongside people who lost their homes in last November’s deadly blaze.



08/23/2019 - 12:23 PM

 

UPDATE 3-Saudi-led coalition says downs Houthi drone fired at airbase

UPDATE 3-Saudi-led coalition says downs Houthi drone fired at airbaseA Saudi-led military coalition fighting the Houthis in Yemen said it downed a drone on Sunday that the Iran-aligned group has said they launched in the direction of a Saudi airbase. "The coalition forces intercepted and downed a drone launched from the city of Sanaa in the direction of Khamis Muchait's residential neighbourhoods," coalition spokesman Colonel Turki al-Malki told the official Saudi Press Agency. A Houthi military spokesman cited by the group's Al-Masirah TV earlier said the group had launched drones targeting the control towers of the Abha airport and the Khamis Mushait airbase, both in the southwest of the kingdom.



08/25/2019 - 12:24 AM

 

Jeffrey Epstein is dead. Prosecutors could still go after his inner circle if they helped him prey on young girls

Jeffrey Epstein is dead. Prosecutors could still go after his inner circle if they helped him prey on young girlsAt least six women who accused billionaire Jeffrey Epstein of sexual abuse have already filed lawsuits against his estate and former associates



08/23/2019 - 10:15 AM

 

An innocent man spent months in jail after customs officials thought honey he brought back from Jamaica was liquid meth

An innocent man spent months in jail after customs officials thought honey he brought back from Jamaica was liquid methLeon Haughton told The Washington Post he was jailed for 82 days after customs officials in Baltimore alleged that the three jars of honey were meth.



08/23/2019 - 04:42 PM

 

Released from death row, then returned — forced to prove race discrimination a second time

Released from death row, then returned — forced to prove race discrimination a second timeCases before N.C. Supreme Court show link between slavery, Jim Crow and modern death penalty is as connected as 'ropes of the lynch-man's noose'



08/23/2019 - 08:01 PM

 

Fear grips Bangladesh camp as 2 Rohingya refugees killed

Fear grips Bangladesh camp as 2 Rohingya refugees killedBangladesh police said they had shot dead two Rohingya refugees during a gunfight in a refugee camp on Saturday after the pair were accused of killing a ruling party official. Nearly a million Rohingya live in squalid camps in southeast Bangladesh, 740,000 of whom fled a 2017 military offensive against the Muslim minority in Myanmar. The incident comes two days after a second failed attempt to repatriate the refugees, which saw not a single Rohingya turn up to return across the border to conflict-scarred Rakhine state.



08/24/2019 - 11:56 AM

 

Iceland Held Talks With U.S. Ambassador Over Pence Visit

Iceland Held Talks With U.S. Ambassador Over Pence Visit(Bloomberg) -- Iceland’ prime minister is open to a meeting with Vice President Mike Pence during his trip to the Nordic island, should the visit be extended.The option was discussed during a pre-scheduled meeting on Friday between Katrin Jakobsdottir and ambassador Jeffrey Gunter, a government spokesman told Bloomberg.Jakobsdottir, a left-of-center feminist and LGBT advocate, is due to attend a conference by Nordic trade union leaders in Sweden on Sept. 4. That’s the same day in which Pence is due to arrive.Jakobsdottir’s decision to not change her schedule to accommodate the vice president’s visit has been criticized at home.Olaf­ur Hardar­son, a professor of political science at the University of Iceland, told local media Morgunbladid it would be “unusual” for the prime minister not to greet the American vice president.According to her spokeswoman, a final decision on whether the meeting can take place has not yet been made.The White House said Pence planned to discuss trade opportunities, the Arctic and NATO efforts to counter Russian aggression in the region.The scheduling snafu is the latest episode in a series of exchanges involving Donald Trump and the Nordics.Pence’s visit would take place in the wake of a very public spat between the U.S. president and Denmark over its refusal to sell Greenland.Trump said Saturday he had held a “nice” conversation with Mette Frederiksen, with the exchange coming just days after labeling the Danish prime minister as “nasty.”In 2017, Sweden reacted forcibly to Trump’s portrayal of the Nordic nation as being in a state of chaos and overrun by crime after an influx of refugees.(Adds quote in fifth paragraph.)To contact the reporter on this story: Ragnhildur Sigurdardottir in Reykjavik at rsigurdardot@bloomberg.netTo contact the editors responsible for this story: Jonas Bergman at jbergman@bloomberg.net, Nick Rigillo, Andrew DavisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



08/24/2019 - 10:27 AM

 

The Latest: Hong Kong protest winds down after clashes

The Latest: Hong Kong protest winds down after clashesA large group of protesters has largely dispersed in Hong Kong after engaging in clashes with police for the first time in nearly two weeks. Riot officers used tear gas and nonlethal rounds Saturday after protesters took over a road in the city's Kowloon Bay area. The protesters regrouped several times to challenge police again before calling it a day as night fell.



08/24/2019 - 07:49 AM

 

Pompeo says Huawei CEO is not a bargaining chip in Trump-China trade war

Pompeo says Huawei CEO is not a bargaining chip in Trump-China trade warMike Pompeo has rejected claims that detained Huawei executive Meng Wanzhou is being used for leverage in the US-China trade war. Speaking with his Canadian counterpart, Chrystia Freeland, in Ottawa on Thursday, the US secretary of state appeared to rule out dropping the extradition request for Ms Meng to ease tensions with Beijing, insisting it is a legal matter. In December, US president Donald Trump implied he might intervene in the case to help secure a trade deal with China. “Whatever’s good for this country, I would do,” he said at the time. The US alleges Ms Meng – the Chinese technology company’s chief financial officer and the daughter of its chief executive – helped  Huawei circumvent sanctions on Iran. According to Vancouver court documents released this week, she told a Canadian border official that the company has an office in Iran. The US has charged Ms Meng, 47, with bank fraud, wire fraud and conspiracy to commit both. She is currently on bail living under house arrest in one of her Vancouver mansions while her lawyers fight her extradition to the US. Asked on Thursday if she is a “bargaining chip” in US-China trade talks, Mr Pompeo replied simply: “No.” Since Ms Meng’s arrest in Vancouver airport on a US arrest warrant in December, ties between Ottawa and Beijing have fallen to a historically low ebb. Two Canadians, businessman Michael Svapor and former diplomat Michael Kovrig, were arrested and charged with espionage shortly afterwards in what is widely viewed as a reprisal by Beijing. “Our team is focussed on helping those two Canadians be released,” Mr Pompeo said later ahead of a meeting with Canadian prime minister Justin Trudeau. Mr Trump spoke directly to Chinese president Xi Jinping about their “arbitrary detention” in June, he told journalists. Mr Pompeo, 55, also slapped down a question comparing their confinement with that of Ms Meng, accusing the journalist of taking “the Chinese line”. Mr Pompeo was visiting Canada ahead of the G7 meeting in France, where relations with China will be discussed. On Friday, Beijing escalated the trade dispute, announcing fresh tariffs on US imports worth $75 billion (£61 billion).



08/23/2019 - 12:45 PM

 

'Keep Marysville white': racist remark by would-be councilor shocks Michigan city

'Keep Marysville white': racist remark by would-be councilor shocks Michigan cityA question about diversity in a candidate’s forum produced a jaw-dropping response from first-time candidate Jean CramerJean Cramer, a candidate for the Marysville city council, gives her opening remarks during a candidate forum on Thursday at Marysville City Hall in Michigan. Photograph: Brian Wells/APFor the first hour of the election forum in Marysville, Michigan, on Thursday night the debate between the five candidates for a city council seat dealt with the local subjects you might expect – how to improve Little League fields, new real estate developments and the like.Then the question came: “Do you believe the diversity of our community needs to be looked at?”First to answer was Jean Cramer, a local resident running her first political campaign. She replied: “Keep Marysville a white community as much as possible.”Her response, reported by the Times-Herald newspaper in Port Huron, sent a ripple of laughter and then shock across the hall. Marysville, a small town of 10,000 north-east of Detroit, is 98% white and 0.3% African American.Cramer’s unalloyed remark was immediately denounced by other Marysville figures. The town’s acting mayor, Kathy Hayman, said: “I don’t even know that I can talk yet, I’m so upset and shocked.”Hayman added that her father was Syrian. “So basically, what you’ve said is that my father and his family had no business in this community.”The outgoing mayor, Dan Damman, called Cramer’s comments “as vile as they were jaw-dropping”.After the forum ended, Cramer doubled down on her racist outburst to the Times Herald.She insisted she was not “against blacks” but went on to say: “A husband and wife need to be the same race … That’s how it’s been [since] … God created the heaven and the earth. He created Adam and Eve at the same time.”Paradoxically, of the five candidates in November’s mayoral election, Cramer has the weakest roots within Marysville. The other four were born in the town or have lived there for decades, but as the Times Herald pointed out she only moved to the community within the last 10 years.



08/23/2019 - 10:57 AM

 

2 women accused of shoplifting strollers and accidentally leaving their baby behind

2 women accused of shoplifting strollers and accidentally leaving their baby behindTwo women were arrested for allegedly shoplifting baby strollers and accidentally leaving their own baby behind as they tried to get away.



08/24/2019 - 01:30 PM

 

Global watchdog to monitor Pakistan's progress in tackling militant funding

Global watchdog to monitor Pakistan's progress in tackling militant fundingThe Financial Action Task Force (FATF) will monitor Pakistan's progress in implementing a proposed plan against financing for militant organizations ahead of a meeting in October, the international watchdog body said on Friday. Its Asia Pacific Group on Money Laundering (APG) met in Canberra this week to discuss reports on countries including Pakistan, which was last year placed on a "gray list" of countries with inadequate controls over money laundering and terrorism financing. Final publication on the APG website is expected in early October 2019, it added.



08/23/2019 - 07:11 AM

 

Democratic presidential candidates have a new approach for tackling gun violence: Treat it as a public-health crisis

Democratic presidential candidates have a new approach for tackling gun violence: Treat it as a public-health crisisCandidates like Elizabeth Warren and Cory Booker want to draw on tactics used by community-based organizations to fight gun violence.



08/23/2019 - 01:23 PM

 

All the Best Le Creuset Deals During Williams Sonoma Warehouse Sale

All the Best Le Creuset Deals During Williams Sonoma Warehouse Sale



08/23/2019 - 02:54 PM

 

The Latest: Serial killer pleads guilty to more slayings

The Latest: Serial killer pleads guilty to more slayingsA confessed serial killer just hours after pleading guilty and being sentenced for the slayings of two women in Cincinnati has pleaded guilty and been sentenced for killing two women in Cleveland. From a prison in California, 79-year-old Samuel Little pleaded guilty Friday afternoon via Skype to two counts of aggravated murder for killing 21-year-old Mary Jo Peyton in 1984 and 32-year-old Rose Evans in 1991. Cuyahoga County Judge John Russo sentenced Little in Cleveland to a minimum of 40 years in prison to be served after the sentences he's received in Texas, California and Cincinnati.



08/23/2019 - 03:00 PM

 

Britain sends another warship to Gulf

Britain sends another warship to GulfA third British warship is heading to the Gulf, the Royal Navy announced Saturday, amid heightened tensions in the region. Britain has already sent the HMS Kent to cover for frigate HMS Montrose while it undergoes maintenance in nearby Bahrain, and is now redirecting the Type 45 destroyer HMS Defender from its mission to the Pacific. Britain outraged Iran by seizing one of its tankers -- the Grace 1 -- on July 4 on suspicion it was carrying oil to Syria in violation of EU sanctions.



08/24/2019 - 02:26 PM

 

Ex-wife, children of Atlanta surgeon Christopher Edwards found dead in apparent murder-suicide

Ex-wife, children of Atlanta surgeon Christopher Edwards found dead in apparent murder-suicideAuthorities say they believe Marsha Edwards shot Christopher Edwards Jr. and Erin Edwards before turning the gun on herself.



08/23/2019 - 09:43 AM

 

Trump's economic anxiety comes to a boil

Trump's economic anxiety comes to a boilThe president directs U.S. businesses to pull out of China, but maintains that the "economy is doing really well."



08/23/2019 - 02:47 PM

 

A youth sports organization is raffling off a semi-automatic weapon to help its cheerleading and football teams

A youth sports organization is raffling off a semi-automatic weapon to help its cheerleading and football teamsAs a result of the controversy, the president of the organization said he is considering doing away with the rifle raffle for future fundraisers.



08/23/2019 - 04:56 PM

 

Rep. Steve King wants to make abortion point in 'softer way'

Rep. Steve King wants to make abortion point in 'softer way'Backed by supporters at a news conference in Des Moines, the Iowa Republican affirmed his belief that abortion should be outlawed with no exceptions for rape or incest. King faced criticism for his comment Aug. 14 that questioned whether there would be "any population of the world left" if not for births due to rape or incest. The remarks were condemned by numerous groups and individuals, including Republican and Democratic candidates seeking to oust King, Democratic presidential candidates as well as the Iowa Republican Party and Rep. Liz Cheney, the No. 3 Republican in House leadership.



08/23/2019 - 06:31 PM

 

Israel hits Iranian force in Syria to stop 'killer drones': military

Israel hits Iranian force in Syria to stop 'killer drones': militaryJERUSALEM/DAMASCUS (Reuters) - Israeli aircraft on Saturday struck Iranian forces near Damascus that had been planning to launch "killer drones" at targets in Israel, an Israeli military spokesman said. "The strike targeted Iranian Quds Force operatives and Shiite militias which were preparing to advance attack plans targeting sites in Israel from within Syria over the last number of days," the military said in a statement. The elite Quds Force is the overseas arm of Iran's Revolutionary Guards (IRGC).



08/24/2019 - 04:56 PM

 

Qantas to test 'ultra long-haul' Sydney to NY, London flights

Qantas to test 'ultra long-haul' Sydney to NY, London flightsQantas on Thursday said it will run "ultra long-haul" test flights in the coming months from New York and London to Sydney in order to assess the health of pilots and passengers, as it eyes commercial services on the marathon routes. Qantas last year introduced the first direct service from the western Australian city of Perth to London, with the 17-hour journey one of the longest passenger flights in the world. "Flying non-stop from the East Coast of Australia to London and New York is truly the final frontier in aviation, so we're determined to do all the groundwork to get this right," Qantas CEO Alan Joyce said in a statement.



08/23/2019 - 02:38 PM

 

Ghost Particles Could Explain Just About Everything in the Universe

Ghost Particles Could Explain Just About Everything in the UniverseYou might also know them by their other name: neutrinos.



08/23/2019 - 06:21 PM

 

The Latest: Houston police chief supports drug raid charges

The Latest: Houston police chief supports drug raid chargesHouston's police chief says the arrest of two officers for their roles in a deadly January drug raid that killed a couple shows his agency can hold its own accountable if they do something wrong. Houston Police Chief Art Acevedo said Friday he doesn't believe the actions of ex-officers Gerald Goines and Steven Bryant are indicative of a systematic problem within his agency. Earlier Friday, prosecutors announced they had filed two felony murder counts against Goines and one count of tampering with a government record against Bryant.



08/23/2019 - 07:45 PM

 

Kavanaugh’s High-School Classmate Sues HuffPost for Defamation

Kavanaugh’s High-School Classmate Sues HuffPost for DefamationA former high-school classmate of Supreme Court justice Brett Kavanaugh has filed suit against HuffPost over a “fabricated” report intended to detail the culture of debauchery at Georgetown Preparatory School during Kavanaugh's time there.HuffPost reporter Ashley Feinberg, now at Slate, published a report at the height of the Kavanaugh confirmation controversy entitled “Former Student: Brett Kavanaugh's Prep School Party Scene Was a ‘Free-For-All',” which purported to expose the degenerate culture that predominated at Georgetown Prep when Kavanaugh was a student. That hard-partying ethos supposedly culminated in the 1984 overdose death of David Kennedy, Robert F. Kennedy's son, in a Palm Beach hotel.Feinberg, citing one anonymous Georgetown Prep alumnus, wrote that “two students — David's brother Doug, and his friend Derrick Evans — had helped score the coke” that ultimately killed David. Evans, an African American professor and community activist, filed suit on Wednesday alleging that Feinberg failed to contact him and fabricated his role in David's death in her “zeal to create a sensational article about Judge Brett Kavanaugh’s years at [Georgetown Prep] and thereby drive traffic to [HuffPost's] website.”“Indeed, if Ms. Feinberg or her HuffPost editors had done even the most basic research of publicly available sources, she and they would have known, if they did not already know, that Mr. Evans actively assisted law enforcement in identifying and prosecuting the individuals who actually sold the illegal narcotics,” the lawsuit reads.HuffPost initially corrected the article after Doug Kennedy's employer, Fox News, sent a letter to the outlet rebutting its allegations.“This article previously stated incorrectly that Doug Kennedy was involved in helping his brother to purchase drugs in 1984. Kennedy was only sharing a room with Derrick Evans, who helped David purchase the drugs, according to an affidavit obtained by the New York Times. We regret the error,” reads a correction appended to the article just one day after it was published.While the correction exonerated Doug Kennedy it also further defamed Evans, according to the lawsuit.“The September 21 correction was another complete fabrication published by HuffPost with actual knowledge that both it and the original publication were false or in reckless disregard of the truth, again without ever attempting to contact Mr. Evans for comment,” the lawsuit reads. “As HuffPost knew, there was NO affidavit reflecting that Mr. Evans ever helped anyone purchase illegal drugs. Defendants had no such affidavit in their possession, and they could not have had such an affidavit in their possession.”The original article has been significantly altered since its publication and, as of this writing, no longer contains any reference to David's death.The case, Evans v. Huffington Post.com Inc., is now pending in the U.S. District Court for the Southern District of Mississippi.



08/23/2019 - 06:49 PM

 

Florida will be target of tropical depression expected to form off Southeast coast this weekend

Florida will be target of tropical depression expected to form off Southeast coast this weekendA tropical disturbance that formed Wednesday near the Bahamas continues to spin toward Florida.



08/23/2019 - 02:46 PM

 

Democratic presidential field shrinks as debate cut looms

Democratic presidential field shrinks as debate cut loomsThe 2020 presidential election is still more than 14 months away, but with an early key deadline looming this week, the record field of Democratic hopefuls is dwindling. With a trio of 70-somethings breaking away from the pack -- former vice president Joe Biden, independent Senator Bernie Sanders and fellow progressive Elizabeth Warren -- four of the cash-strapped, younger or lesser-known candidates have so far thrown in the towel. Only 10 of the remaining 21 candidates have met the qualifying criteria -- based on poll numbers and fundraising success -- and most of those are still struggling to catch up with the Big Three.



08/24/2019 - 09:20 PM

 

Man Throws Brick at Woman's Head in One of Several Random NYC Attacks

Man Throws Brick at Woman's Head in One of Several Random NYC AttacksA man has attacked at least four people in random Manhattan attacks this August, police said.



08/23/2019 - 01:38 PM

 

Trump claim doctors treating mass shooting victims 'were coming out of operating rooms' to meet him dismissed by hospitals

Trump claim doctors treating mass shooting victims 'were coming out of operating rooms' to meet him dismissed by hospitalsTwo hospitals have denied Donald Trump’s claim doctors “were coming out of operating rooms” to meet him when he travelled to Texas and Ohio to console victims of two mass shootings."At no time did, or would, physicians or staff leave active operating rooms during the presidential visit,” University Medical Center (UMC) spokesperson Ryan Mielke told local TV station KVIA. “Our priority is always patient care."



08/23/2019 - 09:35 AM

 

Sitting Pretty

Sitting Pretty



08/23/2019 - 08:00 AM

 

French police fire tear gas, water cannons at anti-G7 protesters

French police fire tear gas, water cannons at anti-G7 protestersFrench riot police used water cannons and tear gas on Saturday to disperse anti-capitalism protesters in Bayonne, near the resort of Biarritz where President Emmanuel Macron and G7 nation allies were meeting for a three-day summit. A police helicopter circled as dozens of protesters, some hurling stones, shouted slogans and abuse at the lines of police in the Basque town's historic center. The protesters shouted "Everybody hates the police" and "anti, anti anti-capitalists" as the mood took a darker turn from peaceful protests earlier in the day in an authorized march on the French-Spanish border.



08/24/2019 - 07:36 AM

 

Analyst Who Cut Cathay to Sell Says He Faces Huge Pressure

Analyst Who Cut Cathay to Sell Says He Faces Huge Pressure(Bloomberg) -- The analyst who issued a report warning investors to dump shares of embattled Cathay Pacific Airways Ltd. before they tumble to their lowest levels since 1998, is getting a lot of blowback after his controversial call.“Never before in my 12 years of investment analyst career have I received this much pressure on a particular stock rating,” Zhao Dongchen, who last week issued his inaugural report on Cathay with a “strong sell,” said in an emailed response to Bloomberg queries. “Never before in my 36 years of life am I under such heavy pressure.”Zhao, who’s head of equity research at the investment-banking arm of state-run giant Industrial & Commercial Bank of China Ltd., issued his report as Cathay was under fire from China and facing boycotts from government-run businesses because the carrier’s employees joined the anti-Beijing protests in Hong Kong. No other analyst is advising investors to sell Cathay and Zhao’s HK$6 target price is more than 40% below the stock’s current price.“We have one of China’s biggest state banks issuing an especially bearish and unusual sell recommendation on a private company in H.K. that is already the target of the Chinese state,” said George Magnus, a former UBS Group AG chief economist and author of “Red Flags: Why Xi’s China Is in Jeopardy.” “You don’t have to try hard to conclude that the interests of Chinese state banking institutions and the government are closely aligned.”Since Zhao’s report, which preceded the abrupt resignation of Cathay’s chief executive officer, shares of Hong Kong’s flag carrier have rebounded 4.7%, making them the sixth-best-performer among 64 listed global airlines tracked by Bloomberg.The shares closed 1.4% lower at HK$10.26 in Hong Kong on Friday, marking its fourth straight day of declines.Meanwhile, Zhao has been facing pressure to cancel or delay interviews, change his rating or target price, and refrain from issuing research updates on Cathay since his Aug. 13 report, he said. “A lot of people” tried to persuade him to “go easy” on the company, Zhao said.Still, nobody influenced the report or its timing, and he stands by the call, Zhao said. He said that his research was independent and that people shouldn’t unfairly single out Chinese banks for having state ties because so do lenders in places like the U.K. and Singapore.In his report, entitled “Less Deserved to Fly,” Zhao criticized the Hong Kong carrier for potentially causing “irreversible damage” to the company’s brand because of “poor crisis management” in relation to the protests. The report said that a large-scale management reshuffle would be an “upside risk” for the company.“My strong sell rating is based on the difference between Cathay’s stock price and our target price,” he said. “Simple as that.” He said he won’t shy away from a “shock rating” as he believes contrarian reports to be more helpful to investors.Zhao said Cathay currently trades at a premium to other airlines in Asia, which he believes will “evaporate” because of factors ranging from the unrest in Hong Kong to the effects of the U.S.-China trade war on global commerce.Also, the airline’s management team has shown a “severe lack of composure” in dealing with crises, including a recent data breach and problems with the Chinese regulator, Zhao said.So what’s Zhao’s advice for Cathay now?“Be a better company,” he said.Cathay Pacific declined to comment.Zhao, who typically focuses on raw materials research, runs a team of 21 equity analysts covering 8 sectors at Hong Kong-based ICBC International.Zhao’s primary expertise lies away from airlines, with the analyst voted number one for China energy research by Institutional Investor this year, according to ICBC. He started covering Cathay for ICBC International only in March, though he said he has kept a close watch on industries such as transportation.In 2006, when he first started out in a mutual fund, Zhao said he covered airlines for about three months. “To me, the airlines sector has never been a stranger,” he said.Yet Zhao stands alone among his peers in his bearish view of Cathay. Of the 19 analysts tracked by Bloomberg, 13 have the equivalent of a buy rating and 5 have holds.“Strong sell is the wrong rating on the stock at the moment,” said Mark Webb, an analyst at GMT Research in London who previously covered the stock for 18 years at HSBC Holdings Plc. “Only a significant deterioration in the situation in Hong Kong would make it go significantly lower from here.”Asked why Zhao appears to only assign his harshest ratings to foreign companies such as Rio Tinto Plc, Vale SA and BHP Group Ltd, while only giving buy ratings for Chinese companies such as Shandong Gold Mining Co., Zhao said:“I did just issue a strong sell rating on Cathay Pacific, didn’t I? That’s a Hong Kong-incorporated company, not a foreign one.”(Updates Cathay share prices in fifth, sixth paragraphs)To contact Bloomberg News staff for this story: Evelyn Yu in Shanghai at yyu263@bloomberg.net;Gregor Stuart Hunter in Hong Kong at ghunter21@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, ;Christopher Anstey at canstey@bloomberg.net, Christopher JasperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



08/23/2019 - 04:23 AM

 

Illinois trooper serving warrant dies from gunshot wounds

Illinois trooper serving warrant dies from gunshot woundsAn Illinois State Police trooper died from wounds suffered early Friday while executing a search warrant in East St. Louis. Trooper Nicholas Hopkins, 33, of Waterloo, a 10-year veteran of the force, was wounded during an exchange of gunfire while serving the warrant at an East St. Louis home, said State Police Acting Director Brendan Kelly. Police didn't say if anyone else was shot, nor have they revealed the issues addressed in the search warrant.



08/24/2019 - 10:31 AM

 

 

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