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worldwide news

Stocks Lose Steam as Nerves Persist, Euro Dips

A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme.

In the United States, the S&P and Nasdaq finished in the red while the Dow closed well off its session highs as cautious trade optimism faded.

Nervousness has heightened volatility in stocks recently, with a tendency for stocks to lose morning gains as the day wears on. 

In Beijing, a commerce ministry spokesman said China and the United States were in close contact over trade, and any U.S. trade delegation would be welcome to visit.  

Although signs of a trade thaw have been welcomed by investors, other worries have kept stocks from sustaining gains.

“It’s a market that’s been very nervous. Investors get excited in the morning and then their fears come back,” said Omar Aguilar, chief investment officer of equities at Charles Schwab Investment Management in San Francisco. 

“We need a catalyst to get us a more consistent trend — it could be good economic data or more clarity on the Fed’s intentions for next year or more certainty in U.S.-China. I don’t think it’s going to happen any time soon.”

Dow Jones rises while S&P 500 dips

The Dow Jones Industrial Average rose 70.11 points, or 0.29 percent, to 24,597.38, the S&P 500 lost 0.53 points, or 0.02 percent, to 2,650.54 and the Nasdaq Composite dropped 27.98 points, or 0.39 percent, to 7,070.33.

U.S. economic data showed jobless claims fell last week to near 49-year lows, while import prices dropped as the cost of petroleum products tumbled. Shares in Europe edged lower to snap a two-session winning streak, as concerns about Britain’s exit from the European Union and euro zone growth outweighed a budget compromise in Italy.

The pan-European STOXX 600 index lost 0.17 percent and MSCI’s gauge of stocks across the globe gained 0.05 percent.

Help from ECB to continue

Britain’s weakened prime minister, Theresa May, survived a late night no-confidence vote, and then said she did not expect a quick breakthrough in Brexit talks that would help get the deal through parliament. 

The ECB officially ended its post-crisis asset purchase program but promised to keep feeding stimulus into an economy struggling with an unexpected slowdown and political turmoil.

The euro and sterling were choppy on the Brexit uncertainty and in the wake of comments from ECB President Mario Draghi investors viewed as dovish following the policy announcement.

Dollar index slightly up 

The dollar index rose 0.02 percent, with the euro down 0.04 percent to $1.1363.

Sterling, rebounding from earlier declines, was last trading at $1.2662, up 0.26 percent on the day.

Oil prices were higher after data showed inventory declines in the United States and as investors began to expect the global oil market could have a deficit sooner than previously thought.

U.S. crude settled up 2.8 percent at $52.58 per barrel and Brent was last at $61.45, up 2.16 percent.

 

  

  

Stocks Lose Steam as Nerves Persist, Euro Dips

A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme.

In the United States, the S&P and Nasdaq finished in the red while the Dow closed well off its session highs as cautious trade optimism faded.

Nervousness has heightened volatility in stocks recently, with a tendency for stocks to lose morning gains as the day wears on. 

In Beijing, a commerce ministry spokesman said China and the United States were in close contact over trade, and any U.S. trade delegation would be welcome to visit.  

Although signs of a trade thaw have been welcomed by investors, other worries have kept stocks from sustaining gains.

“It’s a market that’s been very nervous. Investors get excited in the morning and then their fears come back,” said Omar Aguilar, chief investment officer of equities at Charles Schwab Investment Management in San Francisco. 

“We need a catalyst to get us a more consistent trend — it could be good economic data or more clarity on the Fed’s intentions for next year or more certainty in U.S.-China. I don’t think it’s going to happen any time soon.”

Dow Jones rises while S&P 500 dips

The Dow Jones Industrial Average rose 70.11 points, or 0.29 percent, to 24,597.38, the S&P 500 lost 0.53 points, or 0.02 percent, to 2,650.54 and the Nasdaq Composite dropped 27.98 points, or 0.39 percent, to 7,070.33.

U.S. economic data showed jobless claims fell last week to near 49-year lows, while import prices dropped as the cost of petroleum products tumbled. Shares in Europe edged lower to snap a two-session winning streak, as concerns about Britain’s exit from the European Union and euro zone growth outweighed a budget compromise in Italy.

The pan-European STOXX 600 index lost 0.17 percent and MSCI’s gauge of stocks across the globe gained 0.05 percent.

Help from ECB to continue

Britain’s weakened prime minister, Theresa May, survived a late night no-confidence vote, and then said she did not expect a quick breakthrough in Brexit talks that would help get the deal through parliament. 

The ECB officially ended its post-crisis asset purchase program but promised to keep feeding stimulus into an economy struggling with an unexpected slowdown and political turmoil.

The euro and sterling were choppy on the Brexit uncertainty and in the wake of comments from ECB President Mario Draghi investors viewed as dovish following the policy announcement.

Dollar index slightly up 

The dollar index rose 0.02 percent, with the euro down 0.04 percent to $1.1363.

Sterling, rebounding from earlier declines, was last trading at $1.2662, up 0.26 percent on the day.

Oil prices were higher after data showed inventory declines in the United States and as investors began to expect the global oil market could have a deficit sooner than previously thought.

U.S. crude settled up 2.8 percent at $52.58 per barrel and Brent was last at $61.45, up 2.16 percent.

 

  

  

House GOP Leader: Government Shutdown Would Be ‘stupid’

House Majority Leader Kevin McCarthy says a looming government shutdown would be “stupid” but might be unavoidable if Democrats refuse to support President Donald Trump’s proposed border wall with Mexico.

The California Republican said Thursday that even if House Republicans cobble together enough votes to approve the wall, the plan is likely to fail in the Senate. Democrats in that chamber have vowed to block it from receiving the necessary 60 votes.

McCarthy said he thinks “going into a shutdown is stupid,” but he offered no immediate plan ahead of a December 21 deadline. The House adjourned for six days after his remarks.

McCarthy’s comments put him at odds with Trump, who said this week he’d be “proud to shut down the government” in the name of border security.

House GOP Leader: Government Shutdown Would Be ‘stupid’

House Majority Leader Kevin McCarthy says a looming government shutdown would be “stupid” but might be unavoidable if Democrats refuse to support President Donald Trump’s proposed border wall with Mexico.

The California Republican said Thursday that even if House Republicans cobble together enough votes to approve the wall, the plan is likely to fail in the Senate. Democrats in that chamber have vowed to block it from receiving the necessary 60 votes.

McCarthy said he thinks “going into a shutdown is stupid,” but he offered no immediate plan ahead of a December 21 deadline. The House adjourned for six days after his remarks.

McCarthy’s comments put him at odds with Trump, who said this week he’d be “proud to shut down the government” in the name of border security.

Pelosi: 4-Year Maximum in Speaker Post Is ‘a Long Time’

Rep. Nancy Pelosi shrugged off suggestions Thursday that she weakened herself by agreeing to limit her tenure as next House speaker to a four-year maximum, a deal that clears the way for her to be elected to the post for the new Congress.

“That’s a long time,” she said at a news conference a day after she and seven insurgents who’d been pushing for younger leadership announced their pact.

For weeks, the 78-year-old California Democrat had resisted opponents’ demands that she step aside or restrict how long she’d serve, saying limits would make her a lame duck and sap her bargaining clout. But on Wednesday she relented and struck a deal that all but guarantees she’ll be elected when the House votes on its new speaker on January 3.

“What, four years? No, I don’t think that’s a lame duck,” she told a group of reporters afterward.

Democrats widely agreed that the pledge meant Pelosi had clinched a comeback to the post she held from 2007 until January 2011, the last time her party ran the House and the first time the speaker was a woman.

Wednesday’s accord gives Pelosi a clear path to becoming the most powerful Democrat in government and a leading role in confronting President Donald Trump during the upcoming 2020 presidential and congressional campaigns.

It moves a 78-year-old white woman to the cusp of steering next year’s diverse crop of House Democrats, with its large number of female, minority and younger members.

The agreement also ends what’s been a distracting, harsh leadership fight among Democrats that has been waged since Election Day, when they gained at least 39 seats and grabbed House control for the next Congress. It was their biggest gain of House seats since the 1974 post-Watergate election.

Democrats have been hoping to train public attention on their 2019 agenda focusing on health care, jobs and wages, and building infrastructure projects. They also envision investigations of Trump, his 2016 presidential campaign and his administration.

To line up support, Pelosi initially resorted to full-court lobbying by congressional allies, outside Democratic luminaries, and liberal and labor organizations. She cut deals with individual lawmakers for committee assignments and roles leading legislative efforts.

But in the end, she had to make concessions about her tenure to make sure she’ll win a majority — likely 218 votes — when the new House votes. Democrats are likely to have 235 seats, meaning she could spare only 17 defections and still prevail if, as expected, Republicans all oppose her.

Pelosi had described herself as a transitional leader over the last several weeks. But she’d resisted defining how long she would serve as speaker, saying it would lessen her negotiating leverage to declare herself a lame duck.

On Wednesday, she gave in to her opponents’ demands that she limit her service. Under the deal, House Democrats will vote by February 15 to change party rules to limit their top three leaders to no more than four two-year terms, including time they’ve already spent in those jobs.

“I am comfortable with the proposal and it is my intention to abide by it whether it passes or not,” Pelosi said in her statement.

Pelosi’s opponents have argued it was time for younger leaders to command the party. They also said her demonization as an out-of-touch radical in tens of millions of dollars’ worth of Republican television ads was costing Democrats seats.

While some Democrats are still certain to vote against Pelosi — especially incoming freshmen who promised to do so during their campaigns — most Democrats have remained solidly behind her. She’s been a strong fundraiser and unrelenting liberal who doesn’t shy from political combat, and her backers complained that her opponents were mostly white men who were largely more moderate than most House Democrats.

Pressure to back Pelosi seemed to grow after she calmly went toe-to-toe with Trump at a nationally televised verbal brawl in the Oval Office on Tuesday over his demands for congressional approval of $5 billion for his proposed border wall with Mexico.

“We are proud that our agreement will make lasting institutional change that will strengthen our caucus and will help develop the next generation of Democratic leaders,” the rebellious lawmakers said in a written statement.

To be nominated to a fourth term under the agreement, Pelosi would need to garner a two-thirds majority of House Democrats. Several aides said they believed restlessness by younger members to move up in leadership would make that difficult for her to achieve.

The limits would also apply to Pelosi’s top lieutenants, No. 2 leader Steny Hoyer of Maryland and No. 3 leader James Clyburn of South Carolina. Both are also in their late 70s.

Rep. Ed Perlmutter, D-Colo., was among 16 Democrats who had signed a letter demanding new leadership but who ultimately helped negotiate the deal with Pelosi.

Joining Perlmutter in saying they would now back her were Democratic Reps. Seth Moulton of Massachusetts; Tim Ryan of Ohio; Bill Foster of Illinois; Linda Sanchez and Rep.-elect Gil Cisernos, both of California; and Filemon Vela of Texas.

Pelosi: 4-Year Maximum in Speaker Post Is ‘a Long Time’

Rep. Nancy Pelosi shrugged off suggestions Thursday that she weakened herself by agreeing to limit her tenure as next House speaker to a four-year maximum, a deal that clears the way for her to be elected to the post for the new Congress.

“That’s a long time,” she said at a news conference a day after she and seven insurgents who’d been pushing for younger leadership announced their pact.

For weeks, the 78-year-old California Democrat had resisted opponents’ demands that she step aside or restrict how long she’d serve, saying limits would make her a lame duck and sap her bargaining clout. But on Wednesday she relented and struck a deal that all but guarantees she’ll be elected when the House votes on its new speaker on January 3.

“What, four years? No, I don’t think that’s a lame duck,” she told a group of reporters afterward.

Democrats widely agreed that the pledge meant Pelosi had clinched a comeback to the post she held from 2007 until January 2011, the last time her party ran the House and the first time the speaker was a woman.

Wednesday’s accord gives Pelosi a clear path to becoming the most powerful Democrat in government and a leading role in confronting President Donald Trump during the upcoming 2020 presidential and congressional campaigns.

It moves a 78-year-old white woman to the cusp of steering next year’s diverse crop of House Democrats, with its large number of female, minority and younger members.

The agreement also ends what’s been a distracting, harsh leadership fight among Democrats that has been waged since Election Day, when they gained at least 39 seats and grabbed House control for the next Congress. It was their biggest gain of House seats since the 1974 post-Watergate election.

Democrats have been hoping to train public attention on their 2019 agenda focusing on health care, jobs and wages, and building infrastructure projects. They also envision investigations of Trump, his 2016 presidential campaign and his administration.

To line up support, Pelosi initially resorted to full-court lobbying by congressional allies, outside Democratic luminaries, and liberal and labor organizations. She cut deals with individual lawmakers for committee assignments and roles leading legislative efforts.

But in the end, she had to make concessions about her tenure to make sure she’ll win a majority — likely 218 votes — when the new House votes. Democrats are likely to have 235 seats, meaning she could spare only 17 defections and still prevail if, as expected, Republicans all oppose her.

Pelosi had described herself as a transitional leader over the last several weeks. But she’d resisted defining how long she would serve as speaker, saying it would lessen her negotiating leverage to declare herself a lame duck.

On Wednesday, she gave in to her opponents’ demands that she limit her service. Under the deal, House Democrats will vote by February 15 to change party rules to limit their top three leaders to no more than four two-year terms, including time they’ve already spent in those jobs.

“I am comfortable with the proposal and it is my intention to abide by it whether it passes or not,” Pelosi said in her statement.

Pelosi’s opponents have argued it was time for younger leaders to command the party. They also said her demonization as an out-of-touch radical in tens of millions of dollars’ worth of Republican television ads was costing Democrats seats.

While some Democrats are still certain to vote against Pelosi — especially incoming freshmen who promised to do so during their campaigns — most Democrats have remained solidly behind her. She’s been a strong fundraiser and unrelenting liberal who doesn’t shy from political combat, and her backers complained that her opponents were mostly white men who were largely more moderate than most House Democrats.

Pressure to back Pelosi seemed to grow after she calmly went toe-to-toe with Trump at a nationally televised verbal brawl in the Oval Office on Tuesday over his demands for congressional approval of $5 billion for his proposed border wall with Mexico.

“We are proud that our agreement will make lasting institutional change that will strengthen our caucus and will help develop the next generation of Democratic leaders,” the rebellious lawmakers said in a written statement.

To be nominated to a fourth term under the agreement, Pelosi would need to garner a two-thirds majority of House Democrats. Several aides said they believed restlessness by younger members to move up in leadership would make that difficult for her to achieve.

The limits would also apply to Pelosi’s top lieutenants, No. 2 leader Steny Hoyer of Maryland and No. 3 leader James Clyburn of South Carolina. Both are also in their late 70s.

Rep. Ed Perlmutter, D-Colo., was among 16 Democrats who had signed a letter demanding new leadership but who ultimately helped negotiate the deal with Pelosi.

Joining Perlmutter in saying they would now back her were Democratic Reps. Seth Moulton of Massachusetts; Tim Ryan of Ohio; Bill Foster of Illinois; Linda Sanchez and Rep.-elect Gil Cisernos, both of California; and Filemon Vela of Texas.

Trump Welcoming Governors-elect to White House

President Donald Trump is welcoming governors-elect from both parties to the White House.

Among those attending Thursday are Florida Republican Ron DeSantis, Georgia Republican Brian Kemp, Illinois Democrat J.B. Pritzker, Wisconsin Democrat Tony Evers and newly-inaugurated Alaska Gov. Mike Dunleavy, a Republican.

White House Director of Intergovernmental Affairs Doug Hoelscher says they’ll be discussing “shared priorities,” including workforce investment, prison reform and combatting the opioid epidemic.

The visitors will also be meeting with Cabinet members as part of a broader White House outreach effort to local officials.

The White House says that, after the midterm elections, it has reached out to a long list of newly-elected state and local officials of both parties “to open lines of communication and begin a dialogue.”

Apple Deepens Austin Ties, Expands Operations East and West

Apple will build a $1 billion campus in Austin, Texas, break ground on smaller locations in Seattle, San Diego and Culver City, California, and over the next three years expand in Pittsburgh, New York and Colorado.

The tech giant said Thursday that the new campus in Austin, less than a mile from existing Apple facilities, will open with 5,000 positions in engineering, research and development, operations, finance, sales and customer support. The site, according to Apple, will have the capacity to eventually accommodate 15,000 employees.

The three other new locations will have more than 1,000 employees each.

Early this year, Apple said that it would make more than $30 billion in capital expenditures in the U.S. over the next five years. That, the company said in January, would create more than 20,000 new jobs at existing and new campuses that Apple planned to build.

Where U.S. companies open new facilities or plants has always had the potential for public and political backlash.

That potential has intensified under the Trump administration, which has pushed companies to keep more of their operations inside the country’s borders.

While CEO Tim Cook has steered mostly clear President Donald Trump’s ire, Apple did receive some push back three months ago from the White House.

Apple sent a letter to the U.S. trade representative warning that the burgeoning trade war with China and rising tariffs could force higher prices for U.S. consumers.

Trump in a tweet told Apple to start making its products in the U.S., and not China.

Apple uses a lot of facilities overseas to produce components and its products, including China.

Top tech executives from Google, Microsoft, IBM, Oracle and Qualcomm gathered at the White House earlier this month to discuss strained ties between the administration and the industry, and trade tensions with China. Cook was not among them, nor was Amazon’s Jeff Bezos.

There are already 6,000 Apple employees in Austin, its largest operation outside of company headquarters in Cupertino, California, where 37,000 people are employed.

“Apple has been a vital part of the Austin community for a quarter century, and we are thrilled that they are deepening their investment in our people and the city we love,” said Austin Mayor Steve Adler in a prepared statement Thursday.

Apple said nearly a year ago that it would begin canvassing the U.S. for another campus.

Cities offered incentives to lure the company, but Cook avoided a high-profile competition that pitted them against one another as Amazon did over the last year and a half.

Amazon, too, expands

Amazon announced in November after a 14-month search it had selected Long Island City, Queens, and Arlington, Virginia, as the joint winners. Each site will employ around 25,000 people.

Cities are eager to bring in more tech employers because companies like Apple and Amazon ladle out six-figure salaries to engineers and other skilled workers.

The infusion of thousands of new and highly paid residents can ripple through an economy, with those employees filling restaurants, theaters, buying property and paying taxes.

Annual pay will vary at the new locations, but Apple workers in Cupertino have an average annual salary of about $125,000, according to a report the company submitted to the city.

Virgin Galactic’s New Flight Test to Soar Closer to Edge of Space

Virgin Galactic is preparing for a new flight test Thursday that aims to fly higher and faster than before toward the edge of space.

The U.S. company run by British tycoon Richard Branson is aiming to be the first to take tourists on brief trips into microgravity.

Virgin Galactic’s fourth flight test on the VSS Unity is scheduled for Thursday, weather permitting.

The flight will take off from a spaceport in Mojave, California.

The vessel does not launch from Earth but is carried to a higher altitude — about nine miles (15 kilometers) high — attached to an airplane.

Then, two pilots on the VSS Unity fire the engines toward the frontier of space, typically defined as an altitude of 62 miles (100 kilometers).

In July, after burning the rocket motor for 42 seconds, the VSS Unity reached a height of 32 miles, a part of the atmosphere called the mesosphere.

Commercial airplanes typically fly at an altitude of about six miles.

The VSS Unity reached a top speed of over 1,530 miles per hour, or beyond Mach 2.

“Overall the goal of this flight is to fly higher and faster than previous flights,” said a statement from Virgin Galactic.

“If all goes to plan our pilots will experience an extended period of microgravity as VSS Unity coasts to apogee, although — being pilots — they will remain securely strapped in throughout.”

Another U.S. rocket company, Blue Origin, founded by Amazon CEO Jeff Bezos, is also racing to be the first to send tourists to space, but using a small rocket to get there.

Virgin’s first flight date has been pushed back multiple times, following a test flight accident that killed a co-pilot in 2014.

Branson told CNN in November he hoped to send people to space “before Christmas.”

More than 600 clients have already paid $250,000 for a ticket.

Virgin Galactic’s New Flight Test to Soar Closer to Edge of Space

Virgin Galactic is preparing for a new flight test Thursday that aims to fly higher and faster than before toward the edge of space.

The U.S. company run by British tycoon Richard Branson is aiming to be the first to take tourists on brief trips into microgravity.

Virgin Galactic’s fourth flight test on the VSS Unity is scheduled for Thursday, weather permitting.

The flight will take off from a spaceport in Mojave, California.

The vessel does not launch from Earth but is carried to a higher altitude — about nine miles (15 kilometers) high — attached to an airplane.

Then, two pilots on the VSS Unity fire the engines toward the frontier of space, typically defined as an altitude of 62 miles (100 kilometers).

In July, after burning the rocket motor for 42 seconds, the VSS Unity reached a height of 32 miles, a part of the atmosphere called the mesosphere.

Commercial airplanes typically fly at an altitude of about six miles.

The VSS Unity reached a top speed of over 1,530 miles per hour, or beyond Mach 2.

“Overall the goal of this flight is to fly higher and faster than previous flights,” said a statement from Virgin Galactic.

“If all goes to plan our pilots will experience an extended period of microgravity as VSS Unity coasts to apogee, although — being pilots — they will remain securely strapped in throughout.”

Another U.S. rocket company, Blue Origin, founded by Amazon CEO Jeff Bezos, is also racing to be the first to send tourists to space, but using a small rocket to get there.

Virgin’s first flight date has been pushed back multiple times, following a test flight accident that killed a co-pilot in 2014.

Branson told CNN in November he hoped to send people to space “before Christmas.”

More than 600 clients have already paid $250,000 for a ticket.

Wall Street Gains on Better Signs in US-China Trade Talks

Wall Street stocks finished higher on Wednesday due to improved hopes for the US-China trade talks.

The Dow Jones Industrial Average added 0.6 percent at 24,527.27.

The broad-based S&P 500 advanced 0.5 percent to 2,651.07, while the tech-rich Nasdaq Composite Index jumped 1.0 percent to 7,098.31.

Wall Street stocks have been volatile in recent weeks in part due to unpredictable and ambiguous events connected to the Beijing-Washington trade negotiations.

The latest indicators have been more upbeat, with a Chinese Huawei executive granted bail in a Canadian court in a closely-watched legal case and confirmation from Commerce Secretary Wilbur Ross in a television interview that Beijing had offered to cut tariffs on autos imported from the United States and resume soybean purchases.

Unlike the last two sessions, there were no major gyrations lower on Wednesday. But stocks still finished well below their session highs, with the Dow falling about 300 points from its peak in the last three hours of trading.

Gainers included some equities that have been seen as vulnerable to a trade war with China. Boeing advanced 1.5 percent, Caterpillar 1.7 percent and Deere 0.8 percent.

Tech shares were also upward-bound, with Google parent Alphabet winning 1.1 percent, Amazon 1.2 percent and Netflix 3.6 percent.

Tencent Music, in its first session after going public, jumped 7.7 percent a day after the music streaming company raised $1.1 billion in an initial public offering.

OMG: California Regulators Consider Charge on Text Messaging

California regulators are considering a plan to charge a fee for text messaging on mobile phones to help support programs that make phone service accessible to the poor.

The Mercury News reports Wednesday that the proposal is scheduled for a vote next month by the state Public Utilities Commission.

The wireless industry and business groups have been working to defeat the plan.

Jim Wunderman of the Bay Area Council, a business-sponsored advocacy group, says it would essentially put a tax on conversations.

The newspaper says it’s unclear how much money individual consumers would be asked to pay their wireless carrier for texting services under the proposal. But it likely would be billed as a flat surcharge — not a fee per text.

OMG: California Regulators Consider Charge on Text Messaging

California regulators are considering a plan to charge a fee for text messaging on mobile phones to help support programs that make phone service accessible to the poor.

The Mercury News reports Wednesday that the proposal is scheduled for a vote next month by the state Public Utilities Commission.

The wireless industry and business groups have been working to defeat the plan.

Jim Wunderman of the Bay Area Council, a business-sponsored advocacy group, says it would essentially put a tax on conversations.

The newspaper says it’s unclear how much money individual consumers would be asked to pay their wireless carrier for texting services under the proposal. But it likely would be billed as a flat surcharge — not a fee per text.

McCaskill Says She Won’t Run Again but Will Stay Active

Missouri Sen. Claire McCaskill says she won’t run for another office after her term expires next month, but that she will remain active in Democratic politics.

The veteran senator sought re-election to a third term last month but lost to Republican state Attorney General Josh Hawley. On Thursday, she will give her final Senate floor speech before she leaves office in January.

In an interview with the St. Louis Post-Dispatch from her Senate office, McCaskill squashed any speculation that she’d run for Missouri governor by saying she’s done running for office. Instead, she said she’s planning a yet-to-be-announced initiative and that she sees potential in the non-elected public role that former Missouri Sen. John Danforth, a Republican, has taken since he left office 24 years ago.

“I am not going to disappear,” McCaskill said. “I am going to help and I think I can help in terms of the party recruiting good candidates, being prepared. I envision trying to help teach candidates some of the basics.”

One thing she won’t miss?

“I will never make another phone call asking for money,” said McCaskill, who raised nearly $40 million for her re-election bid, almost four times more than Hawley. “It’s terrible, terrible. It is a horrible part of the job and I have done it for a long time.”

McCaskill, 65, told the newspaper that she considered not running this year but did so partly out of duty. She also said she had made up her mind before she announced she was running that it would be her last campaign.

After Donald Trump’s strong showing in Missouri in 2016 en route to winning the presidency, McCaskill said she felt obliged “to stand and fight and not just walk off the field. And so we gave it our best. But I am really at peace about being done.”

Danforth, who has served as United Nations ambassador and in a variety of governmental roles since retiring from the Senate, was among those who called her the day after the election, McCaskill said.

“She has got a lot of life ahead of her,” Danforth said of McCaskill. “There are a lot of opportunities for people who want to continue to be engaged.”

McCaskill leaves a Congress torn over Trump’s agenda. Lawmakers also face a potential constitutional showdown over special counsel Robert Mueller’s investigation into Russian influence on the 2016 election and the Trump campaign.

McCaskill said she has no idea what Mueller will ultimately conclude, but warned: “If it continues down the path it appears to be going, my colleagues here — if more of them don’t speak up — I think they will have a crisis.”

She said Trump’s Republican allies in Congress “are all conflicted right now. They don’t know what to do. All you have to do is look at the state of Missouri, where Trump’s blessing was all a Republican needed. So you want to risk that if he is not going down? It will be interesting to see.”

Information from: St. Louis Post-Dispatch.

McCaskill Says She Won’t Run Again but Will Stay Active

Missouri Sen. Claire McCaskill says she won’t run for another office after her term expires next month, but that she will remain active in Democratic politics.

The veteran senator sought re-election to a third term last month but lost to Republican state Attorney General Josh Hawley. On Thursday, she will give her final Senate floor speech before she leaves office in January.

In an interview with the St. Louis Post-Dispatch from her Senate office, McCaskill squashed any speculation that she’d run for Missouri governor by saying she’s done running for office. Instead, she said she’s planning a yet-to-be-announced initiative and that she sees potential in the non-elected public role that former Missouri Sen. John Danforth, a Republican, has taken since he left office 24 years ago.

“I am not going to disappear,” McCaskill said. “I am going to help and I think I can help in terms of the party recruiting good candidates, being prepared. I envision trying to help teach candidates some of the basics.”

One thing she won’t miss?

“I will never make another phone call asking for money,” said McCaskill, who raised nearly $40 million for her re-election bid, almost four times more than Hawley. “It’s terrible, terrible. It is a horrible part of the job and I have done it for a long time.”

McCaskill, 65, told the newspaper that she considered not running this year but did so partly out of duty. She also said she had made up her mind before she announced she was running that it would be her last campaign.

After Donald Trump’s strong showing in Missouri in 2016 en route to winning the presidency, McCaskill said she felt obliged “to stand and fight and not just walk off the field. And so we gave it our best. But I am really at peace about being done.”

Danforth, who has served as United Nations ambassador and in a variety of governmental roles since retiring from the Senate, was among those who called her the day after the election, McCaskill said.

“She has got a lot of life ahead of her,” Danforth said of McCaskill. “There are a lot of opportunities for people who want to continue to be engaged.”

McCaskill leaves a Congress torn over Trump’s agenda. Lawmakers also face a potential constitutional showdown over special counsel Robert Mueller’s investigation into Russian influence on the 2016 election and the Trump campaign.

McCaskill said she has no idea what Mueller will ultimately conclude, but warned: “If it continues down the path it appears to be going, my colleagues here — if more of them don’t speak up — I think they will have a crisis.”

She said Trump’s Republican allies in Congress “are all conflicted right now. They don’t know what to do. All you have to do is look at the state of Missouri, where Trump’s blessing was all a Republican needed. So you want to risk that if he is not going down? It will be interesting to see.”

Information from: St. Louis Post-Dispatch.

Trump Campaign Russia Contacts Alarm Intelligence Experts

Intelligence experts say Russian outreach to the Trump campaign fits the pattern of an intelligence operation.

Former officials have reviewed the attempts by Russians to establish contact as laid out in recent court filings by special counsel Robert Mueller. They conclude they were apparently targeted and more frequent than would be expected during a typical presidential campaign.

Mueller has been investigating Russian interference in the 2016 presidential election for more than a year and has not revealed clear evidence of coordination between the Trump campaign and the Kremlin.

Much of the investigation is still under wraps.

Court filings from Mueller show Russian contacts with the Trump campaign began within months of Trump announcing his candidacy in June 2015.

Trump Campaign Russia Contacts Alarm Intelligence Experts

Intelligence experts say Russian outreach to the Trump campaign fits the pattern of an intelligence operation.

Former officials have reviewed the attempts by Russians to establish contact as laid out in recent court filings by special counsel Robert Mueller. They conclude they were apparently targeted and more frequent than would be expected during a typical presidential campaign.

Mueller has been investigating Russian interference in the 2016 presidential election for more than a year and has not revealed clear evidence of coordination between the Trump campaign and the Kremlin.

Much of the investigation is still under wraps.

Court filings from Mueller show Russian contacts with the Trump campaign began within months of Trump announcing his candidacy in June 2015.

Sports, Deaths Among 2018’s Top Google Searches

Sports, disaster and death were among the top searches on Google last year.

Each December, the technology company releases it’s top trending searches of the year. Topics that drew the interest of Americans included the World Cup, Hurricane Florence and three people who died in 2018 — rapper Mac Miller, designer Kate Spade and TV host and author Anthony Bourdain.

Google does not come up with its lists based on the number of total searches. Instead, the company looks at the search terms that enjoyed the highest spike compared to the previous year.

“Black Panther” topped the list of most searched movies, while rising stars in the Democratic party dominated the list of most searched politicians.

Here are the Top 10:

  1. World Cup

  2. Hurricane Florence

  3. Mac Miller

  4. Kate Spade

  5. Anthony Bourdain

  6. Black Panther

  7. Mega Millions Results

  8. Stan Lee

  9. Demi Lovato

  10. Election Results

Other categories include:

News

  1. World Cup

  2. Hurricane Florence

  3. Mega Millions

  4. Election Results

  5. Hurricane Michael

People

  1. Demi Lovato

  2. Meghan Markle

  3. Brett Kavanaugh

  4. Logan Paul

  5. Khloe Kardashian

Politicians

  1. Stacey Abrams

  2. Beto O’Rourke

  3. Ted Cruz

  4. Andrew Gillum

  5. Alexandria Ocasio-Cortez

Movies

  1. Black Panther

  2. Incredibles 2

  3. Deadpool 2

  4. Avengers: Infinity War

  5. A Quiet Place

All of the 2018 Google top trending search lists can be found here.

Former Trump Lawyer Gets 3 Years in Prison

Michael Cohen, the longtime personal attorney for U.S. President Donald Trump, was sentenced Wednesday to three years in prison, after telling a New York judge that his “blind loyalty” to the U.S. leader led him to “cover up his dirty deeds.”

U.S. Judge William Pauley imposed the sentence on Cohen for an array of crimes, including his role in arranging $280,000 in hush money payments to two women who alleged they had affairs with Trump, and for lying to Congress about Trump’s efforts to build a skyscraper in Moscow.

The judge told the 52-year-old Cohen that somewhere along the way, he had “lost his moral compass.”

Cohen, who worked for Trump for 12 years, once bragged that he would “take a bullet” to support Trump. More recently, however, Cohen had turned against Trump and said at his sentencing that working for Trump was a “personal and mental incarceration.”

“My weakness could be characterized as a blind loyalty to Donald Trump,” Cohen said.

Now, Cohen also holds the distinction of being the closest figure to Trump sentenced to prison in the wide-ranging criminal investigations of Trump’s 2016 campaign, its links to Russia and whether, as president, Trump obstructed justice by trying to thwart the probes being conducted by federal prosecutors in New York and special counsel Robert Mueller in Washington.

Several other prominent figures in Trump’s orbit, including his former campaign chairman and his first national security advisor, have yet to be sentenced for various offenses.

Cohen attorney Lanny Davis said that after Mueller completes his investigation, Cohen would cooperate with congressional committees as they consider possible wrongdoing by Trump and his aides. Some Democrats in the House of Representatives have called for Trump’s impeachment when they assume control of the chamber next month.

“Mr. Trump’s repeated lies cannot contradict stubborn facts,” Davis said.

Cohen’s lawyers asked that he serve no prison time, but Cohen took “full responsibility” for his crimes, “including those implicating the president of the United States. He said that his allegiance to Trump led him “to take a path of darkness instead of light.”

Pauley rejected leniency for Cohen, saying, “This court firmly believes that a significant term of imprisonment is fully justified in this highly publicized case to send a message.”

The judge ordered him to surrender March 6 for his prison term and also pay nearly $1.9 million in financial penalties.

Prosecutors said that Cohen, at Trump’s direction, facilitated the payments — in violation of campaign finance laws — to porn star Stormy Daniels and Playboy model Karen McDougal shortly before the 2016 election to buy their silence about alleged liaisons with the real estate mogul a decade before he ran for the presidency.

After Cohen was sentenced, the New York prosecutors announced they had reached a “non-prosecution agreement” with American Media Inc., which publishes the grocery store tabloid National Enquirer, to acknowledge that it paid McDougal $150,000 shortly before the 2016 election for her story about her claims that she had a months-long affair with Trump in 2006 and 2007 with the “principal purpose” of killing the information so it would not damage Trump’s chances of winning the election.

Cohen’s lawyers said he was in “close and regular contact with White House-based staff and legal counsel” when he prepared for congressional testimony last year falsely claiming that Trump had ended his efforts to build a Trump Tower in Moscow by early 2016, before Republican presidential nominating contests started.

Cohen more recently said that actually Trump had pursued the Moscow project through June 2016, the entirety of the Republican primary election calendar two years ago. Cohen said he briefed the then-candidate about his efforts to win approval for the Moscow project, although eventually it was abandoned.

Federal prosecutors in New York had called for a “substantial term of imprisonment,” perhaps 3 1/2 years or more, because they say Cohen never fully cooperated with investigators about his crimes, which also include tax fraud and making false statements to a bank.

Trump and his lawyers have sought to downplay the payments to Daniels and McDougal, saying that at most, it was a civil, not criminal, violation of U.S. election laws.

On Twitter, Trump contended that Cohen was “just trying to get his sentence reduced” by making claims against him.

The U.S. leader, angered by Cohen’s allegations, has said that the lawyer deserves a “full and complete” sentence.

There was no immediate White House comment about Cohen’s sentence.

But Trump lawyer Rudy Giuliani said, “This is the real criminal sentence. I have no idea if it’s the right one or not, but I do know he’s proven to be a consummate liar who has lied at all stages of his situation.”

 

Sustainable Tree Farming Means Better Lives for Kenyan Farmers

Wood consumption — including logging and the production of charcoal — is a leading cause of forest degradation in Africa. In some of Kenya’s coastal regions, recurring droughts have made the problem even worse.  Now, farmers in those regions are planting trees, putting their once-barren land to use in a venture that enables them to earn a living and conserve the environment at the same time. 

At Be Sulubu Tezo, in Kilifi county, Kenya, Kanze Kahindi Mbogo tends to her tree farm. She thins out the trees whose wood is now strong enough for her to sell for home-building and making fences.  

The money she makes is for her six children. 

A better life

Kahindi says she has been able to educate her children, pay a couple of debts and do lots of other things. She adds she was also able to take one of her sons to college and right now he is a driver.

Before growing trees, putting food on the table was difficult in this land where droughts are common and crops often fail.

With the help of NGOs and entrepreneurs, farmers are learning how agroforestry can make them money and at the same time save the environment. One of those firms is Komaza, a Kenyan firm that is working with 14,000 farmers to plant drought-resistant trees for harvest, reducing the drive to deforest. 

Help with the harvest

“Farmers are able to nurture the seedlings into trees, and then the trees become fully grown trees ready to harvest,” said Allan Ongang’a, a manager at Komaza.  “Once they are ready for harvest we have the operations team from the forestry department that identify trees that are ready for harvest, agree with the farmers on a fair price, the trees are marked and harvested.”

The firm trains farmers on cultivation and selective harvesting.  

But not all farmers have the resources to plant a tree and wait for it to grow, so some farm subsistence crops among the trees.  Researchers say this arrangement counters the effects of climate change. 

Everybody benefits

“Trees end up absorbing carbon dioxide when they making their food and therefore essentially the trees are actually getting to bring carbon from the atmosphere into the tree stem and therefore on land,” explained researcher John Recha with the Climate Change Agriculture and Food Security Program, a private entity in Nairobi.. “That means there is the benefit of reducing greenhouse gas emission through more enhanced agroforestry systems.”

For these Kenyan farmers, environmentalism begins to make sense when it starts to translate into a sustainable income. 

Sustainable Tree Farming Means Better Lives for Kenyan Farmers

Wood consumption — including logging and the production of charcoal — is a leading cause of forest degradation in Africa. In some of Kenya’s coastal regions, recurring droughts have made the problem even worse.  Now, farmers in those regions are planting trees, putting their once-barren land to use in a venture that enables them to earn a living and conserve the environment at the same time. 

At Be Sulubu Tezo, in Kilifi county, Kenya, Kanze Kahindi Mbogo tends to her tree farm. She thins out the trees whose wood is now strong enough for her to sell for home-building and making fences.  

The money she makes is for her six children. 

A better life

Kahindi says she has been able to educate her children, pay a couple of debts and do lots of other things. She adds she was also able to take one of her sons to college and right now he is a driver.

Before growing trees, putting food on the table was difficult in this land where droughts are common and crops often fail.

With the help of NGOs and entrepreneurs, farmers are learning how agroforestry can make them money and at the same time save the environment. One of those firms is Komaza, a Kenyan firm that is working with 14,000 farmers to plant drought-resistant trees for harvest, reducing the drive to deforest. 

Help with the harvest

“Farmers are able to nurture the seedlings into trees, and then the trees become fully grown trees ready to harvest,” said Allan Ongang’a, a manager at Komaza.  “Once they are ready for harvest we have the operations team from the forestry department that identify trees that are ready for harvest, agree with the farmers on a fair price, the trees are marked and harvested.”

The firm trains farmers on cultivation and selective harvesting.  

But not all farmers have the resources to plant a tree and wait for it to grow, so some farm subsistence crops among the trees.  Researchers say this arrangement counters the effects of climate change. 

Everybody benefits

“Trees end up absorbing carbon dioxide when they making their food and therefore essentially the trees are actually getting to bring carbon from the atmosphere into the tree stem and therefore on land,” explained researcher John Recha with the Climate Change Agriculture and Food Security Program, a private entity in Nairobi.. “That means there is the benefit of reducing greenhouse gas emission through more enhanced agroforestry systems.”

For these Kenyan farmers, environmentalism begins to make sense when it starts to translate into a sustainable income. 

Malaysian Ex-PM Slapped with New Charge Over 1MDB Scandal

Former Malaysian Prime Minister Najib Razak was charged Wednesday with tampering with the final audit report into a defunct state investment fund, adding to a long list of corruption allegations against him since his ouster in May elections.

Najib was charged along with Arul Kanda Kandasamy, the former head of the 1MDB fund, which is being investigated in the U.S. and other countries for alleged cross-border embezzlement and money laundering.

Najib pleaded not guilty to abusing power to order the modification of the report in February 2016 before it was presented to the Public Accounts Committee, in order to protect himself from disciplinary and legal action. Kandasamy, who was detained overnight by anti-graft officials, pleaded not guilty to abetting Najib.

​The charges came after the auditor-general revealed last month that some details had been removed from the 1MDB report. Kandasamy led 1MDB from 2015 until he was terminated in June. The two men were released on bail, and face up to 20 years in prison if found guilty.

Najib set up 1MDB when he took power in 2009 to promote economic development, but the fund amassed billions in debts. U.S. investigators say Najib’s associates stole and laundered $4.5 billion from the fund, including some that landed in Najib’s bank account. 

Public anger over the scandal led to the defeat of Najib’s long-ruling coalition in May 9 elections and ushered in the first change of power since Malaysia gained independence from Britain in 1957.

The new government reopened the investigations stifled under Najib’s rule. Najib, his wife and several top-ranking former government officials have been charged with multiple counts of corruption, criminal breach of trust and money laundering. 

Najib, 65, has accused the new government of political vengeance.

Malaysian Ex-PM Slapped with New Charge Over 1MDB Scandal

Former Malaysian Prime Minister Najib Razak was charged Wednesday with tampering with the final audit report into a defunct state investment fund, adding to a long list of corruption allegations against him since his ouster in May elections.

Najib was charged along with Arul Kanda Kandasamy, the former head of the 1MDB fund, which is being investigated in the U.S. and other countries for alleged cross-border embezzlement and money laundering.

Najib pleaded not guilty to abusing power to order the modification of the report in February 2016 before it was presented to the Public Accounts Committee, in order to protect himself from disciplinary and legal action. Kandasamy, who was detained overnight by anti-graft officials, pleaded not guilty to abetting Najib.

​The charges came after the auditor-general revealed last month that some details had been removed from the 1MDB report. Kandasamy led 1MDB from 2015 until he was terminated in June. The two men were released on bail, and face up to 20 years in prison if found guilty.

Najib set up 1MDB when he took power in 2009 to promote economic development, but the fund amassed billions in debts. U.S. investigators say Najib’s associates stole and laundered $4.5 billion from the fund, including some that landed in Najib’s bank account. 

Public anger over the scandal led to the defeat of Najib’s long-ruling coalition in May 9 elections and ushered in the first change of power since Malaysia gained independence from Britain in 1957.

The new government reopened the investigations stifled under Najib’s rule. Najib, his wife and several top-ranking former government officials have been charged with multiple counts of corruption, criminal breach of trust and money laundering. 

Najib, 65, has accused the new government of political vengeance.

Avianca Brasil Airline Declares Bankruptcy

Cash-strapped Avianca Brasil, the country’s fourth-largest airline, on Tuesday sought bankruptcy protection from creditors but reassured passengers that flights will continue.

“Due to resistance from the lessors (of their aircraft) to reaching a friendly settlement, we have filed seeking protection from creditors, to protect clients and passengers,” a company statement said.

Operations are not expected to be affected and “passengers can have complete peace of mind to make reservations and buy tickets, since all sales will be honored and flights will be operating,” it said.

The airline has debts of almost 493 million reais ($127 million) with multiple creditors, the business daily Valor reported.

Avianca Brasil, a brand of Oceanair Linhas Aereas SA (Oceanair), is not part of the group Avianca Holdings S.A, based in Colombia.

But both are parts of a holding company led by the same investor, German Efromovich.

Brazilian media said the carrier is in debt to creditors including state oil giant Petrobras and Sao Paulo’s Guarulhos Airport.

Avianca Brasil serves domestic and international routes with 60 jets. The company is facing lawsuits for the return of 26 planes and 52 engines, Valor said.

The airline recorded net losses in the first half of the year of 175.6 million reais, up 24.4 percent from the same period last year.