AP Sources: Prosecutors Preparing Charges Against Cohen

Two people familiar with the federal investigation of Michael Cohen told The Associated Press prosecutors are preparing criminal charges against Donald Trump’s longtime personal lawyer that could be brought before month’s end.

 

These people confirmed reports Cohen could face charges including bank fraud related to his financial dealings with the taxi industry. The people weren’t authorized to discuss the probe and spoke Monday on condition of anonymity.

 

The New York Times reported Sunday night, based on anonymous sources, that prosecutors have been focusing on more than $20 million in loans obtained by taxi businesses that Cohen and his family own. Cohen’s lawyer Lanny Davis declined comment.

 

Investigators also have been examining payments arranged by Cohen in 2016 to women to silence them about claims they had extramarital encounters with Trump.

 

 

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AP Sources: Prosecutors Preparing Charges Against Cohen

Two people familiar with the federal investigation of Michael Cohen told The Associated Press prosecutors are preparing criminal charges against Donald Trump’s longtime personal lawyer that could be brought before month’s end.

 

These people confirmed reports Cohen could face charges including bank fraud related to his financial dealings with the taxi industry. The people weren’t authorized to discuss the probe and spoke Monday on condition of anonymity.

 

The New York Times reported Sunday night, based on anonymous sources, that prosecutors have been focusing on more than $20 million in loans obtained by taxi businesses that Cohen and his family own. Cohen’s lawyer Lanny Davis declined comment.

 

Investigators also have been examining payments arranged by Cohen in 2016 to women to silence them about claims they had extramarital encounters with Trump.

 

 

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MTV Launches Drive to Get Young People to Vote

MTV is launching its first-ever midterm election drive to encourage young people to register and vote, hoping fans make voting a communal effort with their friends.

The youth-centric network will first publicize the effort Monday at its annual Video Music Awards being held at Radio City Music Hall.

 

The effort hearkens back to MTV’s “Choose or Lose” campaign when Bill Clinton was first elected in 1992. The interest in social activism this year among its audience convinced MTV to target the issue in a non-presidential election year, said Chris McCarthy, network president. Voter turnout in those years is typically depressed, particularly among young people.

 

MTV designed its campaign around the concept of shared experiences after noting the importance young people place in them, he said. For example, it is working with the Ford Foundation on a mobile unit where people can register, then check whether their friends are registered and encourage them to do so if they aren’t.

 

The network is also looking to host some 1,000 parties of different sizes across the country on election day, including larger ones with the participation of yet-to-be-named musicians.

 

“Voting is important,” McCarthy said. “It matters. But voting with a friend matters even more.”

 

MTV isn’t the cultural force that it once was. But McCarthy has engineered a turnaround in the network’s fortunes this past year, betting on reality shows and familiar brands. The network’s audience has also aged somewhat, enough so that 86 percent of its typical viewer at any time is 18 or over, or voting age.

 

MTV is only the latest group to commit to turning out the youth vote in November. Liberal activist and billionaire Tom Steyer has promised to spend at least $31 million on voter organization, believed to be the largest campaign ever targeted to young people. Activists seeking gun control legislation are making similar efforts, buoyed by the work of students following the Parkland school shooting in Florida.

 

MTV isn’t saying how much it will spend on its campaign, called “+1thevote” in a reference to the phrase for bringing a guest to a concert.

 

While the other groups are clearly invested in trying to change Republican control of Congress, McCarthy said MTV’s effort is non-partisan. Still, it is being launched at a time Democrats seem more active and engaged.

 

MTV says its measure of success will be an increase in the percentage of young people voting. During the 2010 midterm election in President Barack Obama’s first term, only 18 percent of people aged 18-to-20 voted, according to the Center for Information and Research on Civic Learning and Engagement at Tufts University.

 

“MTV’s mission is to engage and entertain and celebrate the spirit of youth – everything from activism to escapism and all the messy stuff in between,” McCarthy said.

 
 

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MTV Launches Drive to Get Young People to Vote

MTV is launching its first-ever midterm election drive to encourage young people to register and vote, hoping fans make voting a communal effort with their friends.

The youth-centric network will first publicize the effort Monday at its annual Video Music Awards being held at Radio City Music Hall.

 

The effort hearkens back to MTV’s “Choose or Lose” campaign when Bill Clinton was first elected in 1992. The interest in social activism this year among its audience convinced MTV to target the issue in a non-presidential election year, said Chris McCarthy, network president. Voter turnout in those years is typically depressed, particularly among young people.

 

MTV designed its campaign around the concept of shared experiences after noting the importance young people place in them, he said. For example, it is working with the Ford Foundation on a mobile unit where people can register, then check whether their friends are registered and encourage them to do so if they aren’t.

 

The network is also looking to host some 1,000 parties of different sizes across the country on election day, including larger ones with the participation of yet-to-be-named musicians.

 

“Voting is important,” McCarthy said. “It matters. But voting with a friend matters even more.”

 

MTV isn’t the cultural force that it once was. But McCarthy has engineered a turnaround in the network’s fortunes this past year, betting on reality shows and familiar brands. The network’s audience has also aged somewhat, enough so that 86 percent of its typical viewer at any time is 18 or over, or voting age.

 

MTV is only the latest group to commit to turning out the youth vote in November. Liberal activist and billionaire Tom Steyer has promised to spend at least $31 million on voter organization, believed to be the largest campaign ever targeted to young people. Activists seeking gun control legislation are making similar efforts, buoyed by the work of students following the Parkland school shooting in Florida.

 

MTV isn’t saying how much it will spend on its campaign, called “+1thevote” in a reference to the phrase for bringing a guest to a concert.

 

While the other groups are clearly invested in trying to change Republican control of Congress, McCarthy said MTV’s effort is non-partisan. Still, it is being launched at a time Democrats seem more active and engaged.

 

MTV says its measure of success will be an increase in the percentage of young people voting. During the 2010 midterm election in President Barack Obama’s first term, only 18 percent of people aged 18-to-20 voted, according to the Center for Information and Research on Civic Learning and Engagement at Tufts University.

 

“MTV’s mission is to engage and entertain and celebrate the spirit of youth – everything from activism to escapism and all the messy stuff in between,” McCarthy said.

 
 

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Liberals Want Democrats’ Leader to Derail Kavanaugh Nomination

Top Senate Democrats and their liberal allies in environmental, abortion rights and other groups are united in wanting to derail Brett Kavanaugh’s nomination for the Supreme Court vacancy.

But with Senate Judiciary Committee hearings two weeks off, some cracks are showing.

Senate Minority Leader Chuck Schumer is methodically trying to build arguments that would help vulnerable Democratic senators in Trump-loving states vote “no.” He’s also avoiding explicitly pressing them in hopes of giving them comfort in opposing Kavanaugh, while not putting them in an untenable position should they eventually vote “yes.”

But left-wing activists say Schumer is not being aggressive enough in rallying Democratic lawmakers to unify against the nomination. They say that’s inhibiting the momentum needed to galvanize voters.

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Liberals Want Democrats’ Leader to Derail Kavanaugh Nomination

Top Senate Democrats and their liberal allies in environmental, abortion rights and other groups are united in wanting to derail Brett Kavanaugh’s nomination for the Supreme Court vacancy.

But with Senate Judiciary Committee hearings two weeks off, some cracks are showing.

Senate Minority Leader Chuck Schumer is methodically trying to build arguments that would help vulnerable Democratic senators in Trump-loving states vote “no.” He’s also avoiding explicitly pressing them in hopes of giving them comfort in opposing Kavanaugh, while not putting them in an untenable position should they eventually vote “yes.”

But left-wing activists say Schumer is not being aggressive enough in rallying Democratic lawmakers to unify against the nomination. They say that’s inhibiting the momentum needed to galvanize voters.

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PepsiCo Buys Israel’s SodaStream for $3.2 Billion

Beverage giant PepsiCo on Monday purchased Israel’s fizzy drink maker SodaStream for $3.2 billion, a boon for a company that has enjoyed a resurgence after being targeted by anti-Israel boycotters in the past.

PepsiCo said it was acquiring all SodaStream’s outstanding shares at $144 per share, a 32 percent premium to the 30-day volume weighted average price.

 

Earlier this month, SodaStream reported its strongest results in company history, a 31 percent year-over-year jump in revenues to $172 million, an 89 percent leap in operating profit to $32 million and an 82 percent climb by net profit to $26 million.

 

PepsiCo Chairman and CEO Indra Nooyi called the companies “an inspired match” since both companies aim to reduce waste and limit their environmental footprint.

 

“Together, we can advance our shared vision of a healthier, more-sustainable planet,” she said.

 

SodaStream produces machines that allow people to make fizzy drinks in their own homes and has positioned itself as a provider of a healthy product in contrast to traditional sugary, carbonated drinks. SodaStream CEO Daniel Birnbaum said the move with PepsiCo marked a “validation of our mission to bring healthy, convenient and environmentally friendly beverage solutions to consumers around the world.”

 

Three years ago, SodaStream shut down its West Bank factory amid international boycott calls and opened a sprawling new factory deep in Israel’s Negev Desert instead. Actress Scarlett Johansson was previously a brand ambassador for the company. She parted ways with the international charity Oxfam because of a dispute over her work with SodaStream.

 

Monday’s sale looks to inject another big tax payout to Israel following previous the sales of Israeli companies such as the mobile navigation app Waze, which was acquired by Google for about $1 billion, and Mobileye, which produces technology for self-driving cars and was gobbled up by Intel last year for $15 billion.

 

 

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PepsiCo Buys Israel’s SodaStream for $3.2 Billion

Beverage giant PepsiCo on Monday purchased Israel’s fizzy drink maker SodaStream for $3.2 billion, a boon for a company that has enjoyed a resurgence after being targeted by anti-Israel boycotters in the past.

PepsiCo said it was acquiring all SodaStream’s outstanding shares at $144 per share, a 32 percent premium to the 30-day volume weighted average price.

 

Earlier this month, SodaStream reported its strongest results in company history, a 31 percent year-over-year jump in revenues to $172 million, an 89 percent leap in operating profit to $32 million and an 82 percent climb by net profit to $26 million.

 

PepsiCo Chairman and CEO Indra Nooyi called the companies “an inspired match” since both companies aim to reduce waste and limit their environmental footprint.

 

“Together, we can advance our shared vision of a healthier, more-sustainable planet,” she said.

 

SodaStream produces machines that allow people to make fizzy drinks in their own homes and has positioned itself as a provider of a healthy product in contrast to traditional sugary, carbonated drinks. SodaStream CEO Daniel Birnbaum said the move with PepsiCo marked a “validation of our mission to bring healthy, convenient and environmentally friendly beverage solutions to consumers around the world.”

 

Three years ago, SodaStream shut down its West Bank factory amid international boycott calls and opened a sprawling new factory deep in Israel’s Negev Desert instead. Actress Scarlett Johansson was previously a brand ambassador for the company. She parted ways with the international charity Oxfam because of a dispute over her work with SodaStream.

 

Monday’s sale looks to inject another big tax payout to Israel following previous the sales of Israeli companies such as the mobile navigation app Waze, which was acquired by Google for about $1 billion, and Mobileye, which produces technology for self-driving cars and was gobbled up by Intel last year for $15 billion.

 

 

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Conoco Says Venezuela Will Pay $2 Billion Arbitration Award

U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela’s state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute.

Monday’s statement from Houston-based Conoco says that PDVSA has agreed to recognize the judgement by an international arbitration panel and will make the first $500 million payment within 90 days and the rest over a period of some four years.

In exchange, Conoco will suspend legal actions to seize PDVSA’s facilities in the Dutch Antilles that had threatened to disrupt Venezuela’s already-depressed oil exports at a time of widespread shortages and hyperinflation.

PDVSA hasn’t commented comment.

The award is equivalent to more than 20 percent of cast-strapped Venezuela*s foreign currency reserves.

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Conoco Says Venezuela Will Pay $2 Billion Arbitration Award

U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela’s state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute.

Monday’s statement from Houston-based Conoco says that PDVSA has agreed to recognize the judgement by an international arbitration panel and will make the first $500 million payment within 90 days and the rest over a period of some four years.

In exchange, Conoco will suspend legal actions to seize PDVSA’s facilities in the Dutch Antilles that had threatened to disrupt Venezuela’s already-depressed oil exports at a time of widespread shortages and hyperinflation.

PDVSA hasn’t commented comment.

The award is equivalent to more than 20 percent of cast-strapped Venezuela*s foreign currency reserves.

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