Category Archives: News

Worldwide news. News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called “hard news” to differentiate it from soft media

Tesla Stock Drops; Musk Under Fire

Tesla shares dropped nearly 9 percent in value Friday, amid reports of CEO and co-founder Elon Musk meeting with the U.S. Securities and Exchange Commission (SEC).

Musk wrote on Twitter last week of his plans to take the company private for a price of $420 per share, writing that he had “funding secured.” On Monday, in a blog post, Musk admitted that was not true, as he was still waiting on a finalized deal with his investors, a Saudi Arabian foreign investment fund.

“I continue to have discussions with the Saudi fund, and I also am having discussions with a number of other investors, which is something that I always planned to do since I would like for Tesla to continue to have a broad investor base,” Musk wrote.

Since Musk’s original tweet, the company’s shares have dropped 12 percent overall, and reports of subpoenas being issued by the SEC have sent the company into turmoil.

In a New York Times interview Thursday, Musk said, “This past year has been the most difficult and painful year of my career.” The Times also reported that members of Tesla’s board are concerned with Musk’s drug use, notably his use of the sleep aid Ambien, which some believe have contributed to Musk’s controversial Twitter statements.

Last month, Musk came under fire for calling one of the cave divers who rescued 12 Thai soccer players and their coach a pedophile, citing no evidence. He later apologized for that remark.

Stocks Jump as Hopes Rise for Progress on China Trade Talks

Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November.

Industrial, health care and basic materials companies made some of the biggest gains. The report came a day after China said it will send an envoy to Washington for the first talks between the countries since early June.

Marina Severinovsky, an investment strategist at Schroders, said stocks could jump if the U.S. and China make real progress toward a trade agreement. But stocks in emerging markets might make even bigger gains.

“The rally that could come, if there is a better outcome, would be in emerging markets,” she said. “China has suffered pretty greatly … the U.S. has held up pretty well.”

The late gains came in spite of weak results for several chipmakers. Electric car maker Tesla took its biggest drop in two years on reports of a wider government investigation into the company and concerns about CEO Elon Musk’s health.

The S&P 500 index rose 9.44 points, or 0.3 percent, at 2,850.13. The Dow Jones Industrial Average added 110.59 points, or 0.4 percent, to 25,669.32. The Nasdaq composite edged up 9.81 points, or 0.1 percent, to 7,816.33. The Russell 2000 index of smaller-company stocks gained 7.19 points, or 0.4 percent, to 1,692.95.

The Wall Street Journal cited officials in both the U.S. and China as it said negotiators want to end the trade war before U.S. President Donald Trump and Chinese President Xi Jinping meet at multilateral events in November.

Industrial companies made some of the biggest gains after agricultural equipment maker Deere posted stronger than expected sales. Its stock rose 2.4 percent to $140.59.

Construction equipment maker Caterpillar rose 2.3 percent to $139.34 and engine maker Paccar added 2.3 percent to $67.16.

Chipmakers fell after two companies gave weaker forecasts for the third quarter. Nvidia said it no longer expects much revenue from products used in mining digital currencies, and its stock fell 4.9 percent to $244.82. Applied Materials slumped 7.7 percent to $43.77.

While big names like Netflix, Facebook and Amazon slipped, Apple led technology companies slightly higher overall. Apple stock rose 2 percent to $217.58.

Nordstrom jumped 13.2 percent to $59.18 after raising its annual profit and sales forecasts and posting better earnings and sales than analysts expected. It’s been a mostly difficult week for department stores as Macy’s and J.C. Penney both plunged after issuing their quarterly reports.

The S&P 500 finished this week with a solid gain of 0.6 percent, but it took a difficult path to get there. Stocks fell early this week due to worries about Turkey’s currency crisis, and later investors fretted about China’s economic growth.

The recovery started Thursday as investors hoped the upcoming talks between the U.S. and China will help end the impasse that has resulted in higher tariffs from both countries.

The Hang Seng index in Hong Kong has fallen 13 percent since early June as the dispute has dragged on, and other emerging market indexes have also taken a hit. The S&P 500 has risen over that time.

Tesla was hit with a series of reports that concerned shareholders. The Wall Street Journal reported that the Securities and Exchange Commission started investigating the electric car maker last year to determine if it made false statements about production of its Model 3 sedan.

The SEC is also reportedly looking into CEO Elon Musk’s comment on Twitter about possibly taking the company private.

Tesla stock rose from about $345 a share to about $380 following Musk’s tweet last week, which said Tesla could go private for $420 a share. On Friday it dropped 8.9 percent to $305.50.

Musk also gave an emotional interview to the New York Times, published Friday, about the stress he’s experienced as the company tries to ramp up production. He said this year has been “excruciating” and described working up 120 hours a week, raising concerns about his health.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.86 percent from 2.87 percent.

U.S. crude picked up 0.7 percent to $65.91 a barrel in New York. Brent crude, the standard for international oil prices, added 0.6 percent to $71.83 per barrel in London.

Wholesale gasoline dipped 0.3 percent to $1.98 a gallon. Heating oil inched up 0.1 percent to $2.10 a gallon. Natural gas rose 1.3 percent to $2.95 per 1,000 cubic feet.

Gold was little changed at $1,184.20 an ounce. Silver fell 0.6 percent to $14.63 an ounce. Copper added 0.5 percent to $2.63 a pound.

The dollar dipped to 110.60 yen from 110.88 yen. The euro rose to $1.1443 from $1.1365.

The German DAX lost 0.2 percent and France’s CAC 40 fell 0.1 percent. The FTSE 100 in Britain was little changed.

Japan’s Nikkei 225 index added 0.4 percent and Hong Kong’s Hang Seng gained 0.4 percent. In South Korea, the Kospi gained 0.3 percent.

Trump Expects to Revoke DOJ Official’s Security Clearance

U.S. President Donald Trump said Friday he plans to revoke the security clearance of Bruce Ohr, a Justice Department official whose wife was employed at the company that was involved in producing the dossier on Trump’s links to Russia.

Trump called Ohr a “disgrace” outside the White House and said, “I suspect I will be taking it away very quickly.”

Ohr is under intense Republican scrutiny for his contacts with Glenn Simpson, who co-founded the opposition research firm Fusion GPS.

The president also suggested he may revoke Special Counsel Robert Mueller’s security clearance, and said, “Mr. Mueller has a lot of conflicts also, directly himself.” Trump said, nevertheless, that Mueller should be allowed to finish a report on Russia’s interference in the 2016 U.S. presidential election.

Trumps remarks came after he revoked the security clearance earlier this week of former CIA Director John Brennan.

Twelve former senior intelligence officials have issued a statement on what they call “the ill-considered and unprecedented remarks and actions by the White House regarding the removal of John Brennan’s security clearances.” 

“The president’s action regarding John Brennan and the threats of similar action against other former officials has nothing to do with who should and should not hold security clearances — and everything to do with an attempt to stifle free speech,” the statement released late Thursday said. It was signed by six former CIA directors, five former CIA deputy directors and a former director of National Intelligence.

“We have never before seen the approval or removal of security clearances used as a political tool as was done in this case. Beyond that, this action is quite clearly a signal to the former and current officials,” the statement said.

Retired admiral’s challenge

In another development, the former U.S. Navy admiral who led the operation to kill terrorist leader Osama bin Laden is challenging Trump to revoke his security clearance.

In an open letter to Trump in The Washington Post, Retired Admiral William McRaven wrote he would consider it an “honor.”

“Through your actions, you have embarrassed us in the eyes of our children, humiliated us on the world stage and, worst of all, divided us as a nation,” McRaven wrote.

The retired admiral called Brennan “one of the finest public servants I have ever known.”

Trump’s explanation

Trump contradicted the official White House explanation of why he took the action against Brennan.

He told The Wall Street Journal he believes Brennan is one of those responsible for Mueller’s probe into possible collusion between the Trump campaign and Russian interference in the 2016 presidential election and whether Trump obstructed justice by trying to derail the investigation.

Trump repeated his belief the probe is a “rigged witch hunt … a sham … and these people led it,” referring to Brennan and nine other past and current government security officials whose clearances he is considering revoking.

“So, I think it’s something that had to be done,” Trump said of taking away Brennan’s clearance.

The president said he does not trust “many of those people on that list” and does not think they are “good people.” 

​White House explanation

Hours earlier, White House spokeswoman Sarah Sanders denied that Brennan and others are being singled out because they are critics of Trump.

She only cited what she called Brennan’s “erratic conduct and behavior” that “has tested and far exceeded the limits of any professional courtesy that may have been due to him.” She also questioned Brennan’s “objectivity and credibility.”

Brennan’s reaction

Brennan said he believes Trump stripped his security clearance for political reasons and wants to “silence others who might dare to challenge him.”

He wrote in Thursday’s New York Times that Trump “clearly has become more desperate to protect himself and those close to him.

He called Trump’s assertion there was no collusion between his campaign and Russia “hogwash.”

“The only questions that remain are whether the collusion that took place constituted criminally liable conspiracy, whether obstruction of justice occurred to cover up any collusion or conspiracy, and how many members of ‘Trump Incorporated’ attempted to defraud the government by laundering and concealing the movement of money into their pockets,” Brennan wrote.

The White House said Wednesday that security clearances are under review for former U.S. National Intelligence director James Clapper, former FBI director James Comey, former Obama administration National Security advisor Susan Rice, former National Security Agency director Michael Hayden and former Deputy Attorney General Sally Yates.

Brennan has been a familiar face on television news shows where he has made scathing attacks on the president. He called Trump’s performance at a joint news conference with Russian President Vladimir Putin in Helsinki “treasonous.”

Brennan on Twitter described Trump’s action on Wednesday as part of a broader effort “to suppress freedom of speech and punish critics,” adding that it “should gravely worry all Americans, including intelligence professionals, about the cost of speaking out.”

VOA’s Jeff Seldin contributed to this report.

Benjamin Smith New CEO of Air France-KLM; Unions Concerned

Unions at Air France-KLM voiced concern after the company appointed Benjamin Smith as the new CEO with the support of the French state.

The company said Thursday that Smith, who is 46 and was previously Air Canada’s chief operating officer, will fill the role by Sept. 30.

Vincent Salles, unionist at CGT-Air France union, said on France Info radio that unions fear Smith’s mission is to implement plans that would “deteriorate working conditions and wages.”

The previous CEO, Jean-Marc Janaillac, resigned in May after Air France employees held 13 days of strike over pay and rejected the company’s wage proposal, considered too low.

Finance Minister Bruno Le Maire welcomed an “opportunity” for Air France-KLM and expressed his confidence in Smith’s ability to “re-establish social dialogue.”

Trump: Trial of Former Aide Manafort ‘Very Sad’

As a jury deliberates a second day on a verdict in the trial of U.S. President Donald Trump’s former campaign chairman Paul Manafort, Trump said the trial was “sad.”

“I think the whole Manafort trial is very sad, when you look at what’s going on there,” Trump told reporters Friday at the White House. “He worked for me for a very short period of time,” Trump said, adding, “but you know what? He happens to be a very good person. And I think it’s very sad what they’ve done to Paul Manafort.”

The six-man, six-woman jury met for about seven hours Thursday in a Virginia courthouse, during which they asked the judge four questions, including clarification of the meaning of “reasonable doubt.” Under U.S. law, the guilt of the accused must be proven “beyond a reasonable doubt” or there can be no conviction.

Other questions delved into specific details of the tax and bank fraud case.

Earlier in the day, Judge T.S. Ellis gave a final summary to the jury before they started considering the case behind closed doors.

Prosecutors and defense lawyers presented their closing arguments Wednesday, the prosecution arguing Manafort’s life was “littered with lies” as he bought palatial mansions, expensive suits, cars, electronics and other high-priced items.

“Mr. Manafort lied to keep more money when he had it, and he lied to get more money when he didn’t,” prosecutor Greg Andres said.

But defense attorney Richard Westling told the jury Manafort should be acquitted because the government had not met its burden to prove that he was “guilty beyond a reasonable doubt.”

Westling said that is the reason the defense decided to rest Its case without calling any witnesses to testify, including Manafort himself.

Westling attacked the government’s contention that Manafort hid millions of dollars in offshore accounts to avoid U.S. taxes so he could fund the luxurious purchases. He said Manafort had an adjusted net worth of $21.3 million at the end of 2016.

“Given this evidence, how can we say he didn’t have money?” Westling said.

Westling also attacked the prosecution’s star witness — Manafort’s former deputy chairman in the Trump campaign, Rick Gates — as a liar and a thief.

Gates had already pleaded guilty before Manafort’s trial to helping him hide millions in income from U.S. tax authorities and is awaiting sentencing.

Along with hours of testimony about Manafort’s finances, Gates acknowledged he stole hundreds of thousands of dollars from Manafort, in part to finance an extra-marital affair in London, and lied about his own role in hiding money in offshore accounts.

Prosecutor Andres alleges that overall, Manafort “failed to pay taxes on more than $15 million” in income.

Much of the money, the government alleges, came from Manafort’s lobbying for deposed Ukrainian President Viktor Yanukovych, who was toppled in a popular 2014 uprising in Kyiv before fleeing to exile in Russia.

But Andres alleged that when the stream of money from Yanukovych dried up four years ago, Manafort financed his lifestyle by securing about $20 million in bank loans in the U.S. by lying about his assets and debts on loan applications.

“He lied and lied again,” Andres said.

Prosecutors for special counsel Robert Mueller presented two weeks of testimony against Manafort, accusing him of hiding millions of dollars in offshore accounts he earned while lobbying for Yanukovych in the years before Manafort joined Trump’s campaign.

The case has drawn particular interest in the U.S. because it is the first trial conducted by Mueller’s prosecutors in their wide-ranging investigation of Russian meddling in the 2016 election.

They are probing whether Trump associates conspired with Russia to help Trump win the White House and whether Trump, as president, obstructed justice by trying to thwart the investigation.

However, the case against Manafort, a long-time Washington lobbyist, only peripherally touched on the campaign. Instead, it dealt almost totally on accusations about his financial transactions and what he did with the money from Yanukovych and the bank loans.

Trump Asks SEC to Review Practicality of Quarterly Corporate Reports

President Donald Trump says he’s asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file.

In a tweet early Friday, Trump said that after speaking with “some of the world’s top business leaders,” he’s asked the U.S. Securities and Exchange Commission to determine whether shifting to a six-month reporting regimen would make more sense.

The SEC requires such companies to share profit, revenue and other figures publicly every three months.

Some believe executives are making decisions based on short-term thinking to satisfy the market at the expense of the long-term viability of their companies.

There are also tremendous expenses tied to preparing quarterly and annual reports.

Asian Currencies Slip on Trade Fears as Authorities Try to Avert Crisis

Many of Asia’s currencies are losing value against the U.S. dollar this year as China and the United States fight over trade, but analysts say policymakers are handling the dip better now than during past down cycles.

China, India, Indonesia and Myanmar, to name just a few, have seen their currencies lose value since the start of 2018. The Indian rupee hit an all-time low in June, and the Chinese yuan lost 3.2 percent over the year through June.

Economists point to a range of problems, including possible contagion from financial woes in Turkey and concerns about investing in Asia due to the Sino-U.S. trade war expected to hit China next week with tariffs on goods worth $16 billion.

“It’s just basically that everything we’ve worried about now and then sort of converged together,” said Song Seng Wun, an economist in the private banking unit of CIMB in Singapore.

But monetary authorities in Asia have learned from currency dips in 2013, 2015 and 2016, economists believe.

​Causes for decline

No single cause is pushing currency prices lower around Asia, analysts say. Rising oil prices have knocked back the rupee as Indians pay more to import it, media in the country say. Domestic media in Myanmar blame a surge in imports into the fast-growing Southeast Asian country, plus people’s hoarding of U.S. dollars.

In Vietnam, the brokerage Bao Viet Securities blames a 1.3 percent dip in the dong currency due to pressure from similar slips elsewhere in Asia, including the Chinese yuan’s devaluation and a 7 percent fall in the Indonesian rupiah as of June.

A particularly severe fall in Turkey’s lira along with inflation and loan defaults — all threatening to drag down other economies — is weighing on Asian currency rates, Song said.

Economists and media in the countries affected usually point to spillover from the Sino-U.S. import-export war as a chief cause. That dispute began unfolding in early 2018 as U.S. President Donald Trump said Beijing was trading unfairly.

In India, the trade war has dissuaded investors from taking positions in domestic assets, media reports there say. And in Vietnam, China’s devaluing of the yuan in June, possibly because of U.S. trade tension, cramps Vietnamese exports. A lower yuan helps Chinese exporters earn more on goods shipped to the United States.

“I think there’s a number of reasons why it could be going down,” said Maxfield Brown, speaking to the currency in Vietnam where he’s senior associate with the business consultancy Dezan Shira & Associates.

“I think [Vietnamese officials] are watching what’s going on between China and the United States, and it is a fact that the Chinese government has devalued its currency and that impacts the ability of Vietnam to export products. I think everyone’s watching the situation.”

​Coping strategies

Asian monetary authorities have gotten a grip on this year’s devaluations compared to what happened in 2013 as capital left Asia due to the tapering of economic stimulus in the United States, said Marie Diron, managing director with Moody’s Investors Service in Singapore.

Economic stimulus after the global financial crisis had inspired investors to buy assets in Asia where they grew relatively fast, tracking the region’s economic strength.

To shore up the rupiah, Indonesia’s monetary authority has raised interest rates four times in three months. Monetary authorities in India and the Philippines have raised rates this year, as well. Rate hikes generally raise the value of currencies compared to countries that keep rates down.

Asian countries are keeping more foreign currency in reserve and better controlling any budget deficits, as well, Diron said.

“Central banks have built up their foreign exchange reserve buffer, so they do have more ammunition, if you want, to at least smooth some of the currency volatility,” she said.

In Vietnam, mismanagement of currency in the past has taught leaders how to react, and they’re aiming for a “measured response” now, Brown said.

China is likely to nudge its currency back up along with budgetary stimulus for the economy, easing worries in other markets, the French investment bank Natixis said in a research note Friday.

Asian currency drops are unlikely to reach crisis levels, economists say. They’re not weak enough even to pose that threat yet, Song said.

In some cases, he said, trade-reliant nations such as many in Southeast Asia may fare better with weaker currencies because exporters would earn more money when converting their U.S. dollar earnings into local units.

Grassroots Movements Now Built With Digital Tools

Grassroots organizing is the key to building a movement, and much of it today is done online. Connections made through social media sites such as Facebook and Twitter bring supporters to rallies, and dozens of online sites help politicians and activists manage vast amounts of data, disseminate their message and connect with supporters.

Several candidates in last year’s French presidential election turned to a U.S.-based company called NationBuilder for digital tools to manage their outreach. The election’s surprise winner, 39-year-old Emmanuel Macron, did not, but he later turned to the company to build a legislative majority in the National Assembly.

His field of candidates in the legislative election in June 2017 included many political novices, but Macron gained a majority of the assembly’s 577 seats, securing 350 seats for his La Republique En Marche! party with coalition partner Mouvement Democrate.

“Macron ended up using us to field an entire government, to run his legislative elections,” said NationBuilder CEO Lea Endres at the company’s headquarters in Los Angeles. “There are people all over the world in 112 countries” who do the same, she said, “political parties and political candidates, nonprofit organizations, small businesses, large businesses.”

Causes across the spectrum

The company is one of dozens of sources for the digital tools that activists use. Others include the open-source CiviCRM for nonprofit management and the petition-writing site Change.org.

NationBuilder says it attracts people across the political spectrum, from Republicans in Maryland and several southern U.S. states to Jagmeet Singh, the newly elected leader of Canada’s left-leaning New Democratic Party. A Sikh, Singh is the first member of an ethnic minority group to serve as permanent leader of a major Canadian party.

Brexit

The debate surrounding Brexit, the 2016 vote to withdraw Britain from the European Union, spurred activists on the “remain” side. They used NationBuilder to target supporters, sending targeted emails to supporters in specific parts of the country “to set up a campaign group or support one that’s already there, or promote an action that’s happening locally,” said James MacCleary, campaign director for the European Movement UK.

“It gives an ability to be very flexible with our data and get away from global email blasts,” he said. The group is pressing for a national referendum on the final Brexit agreement.

For any organization or cause, supporters receive targeted emails that help to build relationships, according to Ryan Vaillancourt, director of sales enablement at NationBuilder.

For environmental groups, an email might say “you told us six months ago that you want to get involved in this organization and the reason that you cared about this campaign is that you’re passionate about the environment,” Vaillancourt explained. “We’ve got an event coming up, it’s down the street from you, and we’d love to see you there.”

Adapts to technology

With a presence in more than 100 countries, the company adapts to local needs in places like Africa, where “they’re not about long email lists and long newsletters,” said Toni Cowan-Brown, NationBuilder’s vice president for European Business Development. “They want to be able to communicate with people on their smartphones because that’s the biggest and richest technology source that they have right now,” she said.

From political parties to nonprofits, promoting a cause or building a movement are all about people, and the tools to connect and motivate them, these tech developers say, are found today online.

Google Workers Protest China Plan Secrecy

Google is planning a return to China.

But the project is shrouded in secrecy, and employees are demanding transparency.

According to a report by The New York Times on Thursday, August 16, a petition calling for more oversight and accountability in the project racked up more than 1,000 signatures.

Reuters reported this month, the app is a bid to win approval from Beijing to provide a mobile search engine in China.

However, employees are concerned the app would support China’s restrictions on free expression and ultimately violate the company’s ‘don’t be evil’ code of conduct.

The petition, seen by Reuters says, “We urgently need more transparency, a seat at the table and a commitment to clear and open processes: Google employees need to know what we’re building.”

The company declined to comment.

Sources say the project – codenamed Dragonfly – would block certain websites and search terms.

It would also stand in stark contrast to eight years ago, when Google left China in protest of Beijing’s censorship.

Company executives have not commented publicly on Dragonfly.

But in a transcript seen by Reuters, Google’s Chief Executive Sundar Pichai told employees “it’s all very unclear” whether Google would return to China at all.

He also said that development is still in the early stages, and that sharing information too early could quote “cause issues”.

Can Twitter Change Its ‘Core’ and Remain Twitter?

After long resisting change, Twitter CEO Jack Dorsey wants to revamp the “core” of the service to fight rampant abuse and misinformation. But it’s not clear if changing that essence — how it rewards interactions and values popularity — would even work.

 

Though Dorsey was scant on details, what is certain is that the move will require huge investments for a company that doesn’t have the same resources that Google and Facebook have to throw at the problem. Any change is likely to affect how users engage with Twitter and hurt revenue, testing the patience of both users and investors.

 

“Social networks have a history of … well-intentioned but badly designed efforts to fix this,” said Nate Elliott, principal at marketing research firm Nineteen Insights.

 

Twitter isn’t alone in having to deal with hate, abuse, misinformation and bad actors using the service for elections interference, targeted harassment and scams. And Twitter isn’t alone in proposing fixes that don’t get to the heart of the problems.

 

Case in point: Facebook. After Russian trolls were found to have used Facebook to interfere with the 2016 U.S. elections, including by purchasing ads, the company spent a lot of time and energy building a tool that shows who’s behind political advertisements. But Elliott said it’s not even clear which ads on Facebook are the ones causing problems around foreign elections meddling. In 2016, Russian agents weren’t so much running political ads for or against candidates but rather social ads on divisive such as gun control and immigration.

 

But like Facebook, Twitter has to try — or at least be seen as trying.

 

Dorsey told The Washington Post that Twitter had not considered changing the core of the service until now. Like Facebook and others, Twitter has been accused of tinkering around the edges, tweaking policies and hiring masses of moderators when what’s really needed is a fundamental shift in how they work and how they make money in order to survive. While many former executives and other insiders have proposed radical shifts at major social networks, it’s rare for a sitting CEO to propose something as drastic as revisiting the foundation that his company is built on.

 

“We often turn to policy to fix a lot of these issues, but I think that is only treating surface-level symptoms that we are seeing,” Dorsey said.

 

Twitter confirmed Dorsey’s comments to the Post, but declined further comment.

 

Revamping the core could mean changing the engagement and rewards designed to keep users coming back — in the form of seeing their tweets liked, responded to and retweeted, and seeing their follower counts grow. It’s the tiny dopamine hits we get with each like that makes us feel better and keeps us returning for more. Take that away, and users might not want to return. In turn, advertisers might stay away, too, as they rely on monthly and daily user numbers, as well as user interactions, to gauge how well their ads work and how much to spend.

 

Unlike Facebook, Elliott said, Twitter doesn’t have billions of users to absorb any hits on user growth. Even if the changes work, he said, “it’s going to cost them so many users and so much money I can’t imagine them sticking with these kinds of changes.”

 

Paul Verna, an analyst with research firm eMarketer, also isn’t “terribly optimistic” that Twitter can make its service safer without hurting its business. The same goes for Facebook, and YouTube.

 

“Because they rely on an advertising business model, they need to not only continue to reach audiences, but try to get them to spend as much time on platforms as possible,” he said. “That creates an inherent tension between your business needs and being a good citizen.”

 

That said, Twitter may not have to reinvent itself completely to improve. Elliott said better policies might go a long way toward reducing the abuse. For example, it’s currently OK to harass someone on Twitter, as long as it’s not harassment based on certain categories such as gender and sexual orientation. Elliott said Twitter may just need to prohibit all harassment.

Little Leaguers Connect With Translate, Fortnite, Facebook

Outfielder Rolando Rodriguez from Panama heard a reporter’s question, but he doesn’t speak English. So Georgia shortstop Tai Peete helped him out, pecking the words into Google Translate to ask about how young baseball players are sharing technology during the Little League World Series.

“It was easier than expected,” Rodriguez said of the language barrier, speaking through an interpreter.

So goes life in the International Grove, the dorms where 16 teams all are staying during the double-elimination tournament in pursuit of a world title. Apps and even video games are making it easier for the boys to communicate and get to know each other — making smartphones a key part rather than a distraction during their moment of a lifetime.

Eight teams are from U.S. states while the other teams represent various countries around the world and the U.S. territory of Puerto Rico.  Players are using Translate to input questions in their native languages and let other players read or hear them in one of more than 100 languages.

Trading pins

That’s changing some of the tournament’s traditions. For example, each team has pins that they are given to trade with other teams. While body language used to go a long way in this process, players are using technology to directly ask for trades.

No words actually need to be spoken aloud, but the kids still are helping fellow baseball players pronounce the words, learning a little bit of a new language in the process.

“I talked to the Mexico team,” Peete said. “I was talking about Little League and they couldn’t pronounce it, so I was helping them.”

Even with better technology, language and cultural barriers still exist.

It’s “a lot harder than I thought,” said Lee Jae-hyeok of South Korea, who noted through a human interpreter that players also were using Facebook to connect.

The days leading up to the start of the series on Thursday consisted of practices, interviews and hanging out in the players village. For the duration of the tournament, each team from the U.S. bracket shares a dorm with one of the international teams. The rooms have bunk beds and TVs, but no Wi-Fi.

They do have a game room, however, which allows players to get their video game fix in a more social way.

Arcade games, table tennis

The space has arcade games, including bowling and motorcycle simulators, but also activities like table tennis. Peete taught the tailgate favorite cornhole to the Australian club.

One common thread for most of the boys: Fortnite, the massively popular, multiplayer shootout video game. They don’t have their consoles but they can still play on their phones and try to impress each other with renditions of the famous dances done by the game’s characters.

But the reason for their visit to Pennsylvania loomed.

“Can we play a [baseball] game?” Peete asked a volunteer at the Little League complex before the tournament started, suggesting that maybe the whole World Series could be moved up.

“There’s nothing else to do,” he said.

US Charges 22 Chinese Importers with Smuggling Counterfeit Goods into US

A federal court in New York has charged 22 Chinese importers with smuggling nearly half-a-billion dollars in counterfeit goods into the United States from China.

The fake products include such popular luxury items as Louis Vuitton bags, Michael Kors wallets, and Chanel perfume.

Twenty-one of the defendants were arrested Thursday.

U.S. attorneys say the suspects allegedly smuggled the China-made counterfeit goods in large shipping containers disguised as legitimate products and brought them into ports in New York and New Jersey.

The defendants apparently intended to sell the fake products across the United States with a street value of nearly $500 million.

Along with smuggling and trafficking in counterfeit goods, the suspects are also charged with money laundering and immigration fraud.

“The illegal smuggling of counterfeit goods poses a real threat to honest business,” assistant attorney general Brian Benczkowski said. “The Department of Justice is committed to holding accountable those who seek to exploit our borders by smuggling counterfeit goods for sale on the black market.”

Russia Calls Latest US Sanctions on Companies in Russia, China, and Singapore ‘Useless’

Russia says the latest U.S. sanctions imposed on Russian, Chinese, and Singaporean companies are “destructive” and “useless.”  

The U.S. penalized the three companies Wednesday, accusing them of helping North Korea avoid international sanctions.

The Russian Foreign Ministry said Thursday the new U.S. sanctions come when “joint international efforts” are needed toward a settlement in North Korea. Moscow said the sanctions could undermine denuclearization talks.

The U.S. has accused a Chinese trading company and its affiliate in Singapore of falsifying documents aimed at easing illegal shipments of alcohol and cigarettes into North Korea. The companies are said to have earned more than $1 billion.

A Russian company was also sanctioned for providing port services to North Korean-flagged ships engaged in illegal oil shipments.

The sanctions freeze any assets the companies may have in the United States and bars Americans from doing business with them.

Manafort Trial Jury Asks About ‘Reasonable Doubt’ at End of First Day of Deliberations

A jury in Virginia completed its first day of deliberations on Thursday in the bank and tax fraud trial of Paul Manafort, U.S. President Donald Trump’s former campaign chairman, after asking the judge for the definition of “reasonable doubt.”

The six men and six women held around seven hours of discussions behind closed doors in the federal courthouse in Alexandria where Manafort, 69, is being tried on 18 counts brought by Special Counsel Robert Mueller.

The case is the first to go to trial stemming from Mueller’s investigation into Russia’s role in the 2016 U.S. election, although the charges largely predate Manafort’s five months working on Trump’s campaign, including three as chairman.

Before wrapping up their work for the day, the jurors asked U.S. District Judge T.S. Ellis four questions, including clarification of the meaning of “reasonable doubt.” To convict Manafort, the standard the jury must use is to find he is guilty beyond a reasonable doubt.

“The government is not required to prove beyond all possible doubt,” Ellis told lawyers in the courtroom before the jury entered, explaining how he intended to answer. Ellis added that reasonable doubt was “doubt based on reason.”

The other questions delved into details of the case. One involved the government’s requirement for taxpayers filing a report regarding the existence of a foreign bank account.

Another centered on the definition of a “shelf company,” a term referring to a type of inactive company, and legal filing requirements for one. The last question involved how the list of exhibits was numbered.

Trump has called Mueller’s investigation a witch hunt and has complained about Manafort’s treatment.

If convicted on all counts, Manafort could face a sentence of up to 305 years in prison based on the maximum for each count, with the most serious charge carrying up to 30 years.

However, if convicted, he likely would be given between seven and 12 years, according to a range of estimates from three sentencing experts interviewed by Reuters.

‘Can’t Talk’

Ellis began the jury instructions on Wednesday after the prosecution and defense delivered closing arguments, and finished on Thursday morning. “You can’t talk about the case unless all 12 of you are present,” Ellis told the jurors, adding that they could take as long as they like to reach a verdict.

Prosecutors called 27 witnesses during about two weeks of testimony in the closely watched trial. The defense called no witnesses, arguing that prosecutors failed to prove their case.

The case involved millions of dollars Manafort received from pro-Russian politicians in Ukraine for work as a political consultant. Prosecutors accused Manafort of concealing more than $16 million in income from U.S. tax authorities and fraudulently securing $20 million in bank loans.

Witnesses described how Manafort routed $16 million in income hidden in foreign bank accounts to U.S. vendors to purchase real estate, expensive clothing and antique rugs, income he is charged with omitting from his tax returns.

Manafort, a veteran political consultant and prominent figure in Republican circles for decades, made his fortune helping to bring pro-Russian politician Viktor Yanukovych to power in Ukraine in 2010. When Yanukovych fled Ukraine in 2014, the political work dried up and Manafort lied about his finances to get loans from banks, prosecutors said.

The defense attacked the credibility of key prosecution witness Rick Gates, Manafort’s longtime right-hand man who also worked for Trump’s campaign and inauguration team. Gates was indicted by Mueller but pleaded guilty and is cooperating with prosecutors.

On Thursday, Ellis invited others in the courtroom to remain while the jury deliberated and other cases were heard. He then called on a “Mr. Trump,” prompting laughter and a smile from Manafort. Jim Trump, a federal prosecutor involved in another case, responded.

US Senate Adopts Resolution Backing Free Press After Trump Attacks

The U.S. Senate on Thursday unanimously adopted a resolution affirming support for a free press and declaring that “the press is not the enemy of the people.”

The nonbinding resolution approved by voice vote was a rebuke to President Donald Trump who for more than 18 months has frequently called reporters “the enemy of the people.”

The resolution “reaffirms the vital and indispensable role that the free press serves to inform the electorate, uncover the truth, act as a check on the inherent power of the government, further national discourse and debate, and otherwise advance the most basic and cherished democratic norms and freedoms of the United States.”

The vote comes after more than 350 U.S. newspapers on Thursday launched a coordinated defense of press freedom and a rebuke of President Donald Trump for denouncing some media organizations as enemies of the American people.

“A central pillar of President Trump’s politics is a sustained assault on the free press,” said the editorial by the Boston Globe, which coordinated publication among more than 350 newspapers.

Trump has frequently criticized journalists and described news reports that contradict his opinion or policy positions as fake news.

He lashed out again Thursday, tweeting “THE FAKE NEWS MEDIA IS THE OPPOSITION PARTY. It is very bad for our Great Country….BUT WE ARE WINNING!”

At a Senate hearing, Federal Communications Commission chairman Ajit Pai again said he did not agree that the press was “the enemy of the people” but declined to offer a view of Trump’s anti-press rhetoric.

“We swore an oath to support and defend the Constitution, including the First Amendment,” said Senator Brian Schatz, a Democrat and an author of the resolution. “Today, every senator upheld that oath by sending a message that we support the First Amendment, and we support the freedom of the press in the face of these attacks.”

The White House did not immediately comment on the Senate action.

Pentagon: Trump’s Military Parade Planned for November Postponed

A military parade requested by U.S. President Donald Trump that had been planned for November in Washington has been postponed until at least next year, the Defense Department said on Thursday.

“We originally targeted November 10, 2018 for this event but have now agreed to explore opportunities in 2019,” Defense Department Spokesman Colonel Rob Manning said in a statement.

A U.S. official, speaking on condition of anonymity, said it was unclear exactly what caused the postponement but the increased cost of the event had caused concern and could be one reason.

The parade to honor U.S. military veterans and commemorate the 100th anniversary of the end of World War I could cost more than $90 million, the U.S. official said, citing provisional planning figures that were nearly three times an earlier White House estimate.

The official said the cost estimate of about $92 million had not yet been approved by Defense Secretary Jim Mattis and could still be changed and more options could be included.

In February, Trump asked the Pentagon to explore a parade in celebration of American troops, after the Republican president marveled at the Bastille Day military parade he attended in Paris last year.

Earlier this year, the White House budget chief said the parade would cost U.S. taxpayers between $10 million and $30 million.

It was not immediately clear why the recent cost estimate was so much higher than the earlier one, and what exactly it included.

A Pentagon memo from March said the Washington parade route would have a “heavy air component at the end of the parade.”

“Include wheeled vehicles only, no tanks – consideration must be given to minimize damage to local infrastructure,” the memo said.

Critics say the government should not spend money on a costly display of troops and weapons when the Pentagon is struggling to cover the expenses of training, support and personnel.

The District of Columbia Council had ridiculed the idea of a parade on Pennsylvania Avenue, the 1.2-mile (1.9-km) stretch between the Capitol and the White House that is also the site of the Trump International Hotel.

Military parades in the United States are generally rare.

Such parades in other countries are usually staged to celebrate victories in battle or showcase military might.

In 1991, tanks and thousands of troops paraded through Washington to celebrate the ousting of President Saddam Hussein’s Iraqi forces from Kuwait in the Gulf War.

In US Dispute, A Few Turks Destroy iPhones in Online Posts

A small number of Turks are responding to their president’s call to boycott American electronic goods by posting videos in which they smash iPhones with bats, hammers and other blunt instruments.

In one video , a man collects iPhones from several youths squatting in front of a Turkish flag, lays the devices on the ground and pounds them with a sledgehammer. “For the motherland!” he says at one point.

 

In another video, a boy pours a plastic bottle of Coca Cola into a toilet in a show of repugnance for U.S. goods.

 

American products remain widely used in Turkey, which is locked in a dispute with Washington over an American pastor being tried in a Turkish court and other issues. The two countries have also imposed tariffs on each other’s goods.

Experts: Cyberattacks Growing Increasingly Sophisticated

The rise of information sharing in the digital age has made it easier to disseminate knowledge, but it also brings with it heightened risks: from hackers stealing our information, to launching cyberwarfare and even potentially weaponizing legitimate platforms. This week on “Plugged In,” VOA Contributor Greta Van Susteren explores these challenges and how they are impacting global cybersecurity. VOA’s Elizabeth Cherneff has more.

Mexico Unsure If It Will Finish NAFTA Talks with US in Aug.

Mexico’s economy minister on Wednesday said that Mexico and the United States may not meet an August goal to finish bilateral talks to revamp the NAFTA trade deal, which is beset by disagreements over automobile trade rules and other issues.

Top Mexican officials started their fourth week of talks with U.S. Trade Representative Robert Lighthizer in Washington over a new North American Free Trade Agreement.

Asked if the August goal was still viable, Guajardo said, “That is why we are here. We are fully engaged. We don’t know if there will be a successful conclusion.”

The U.S.-Mexico talks resumed in July, without Canada, after negotiations involving all three members of the $1.2 trillion trade bloc stalled in June.

Guajardo said on Wednesday that he had spoken with Canadian Foreign Minister Chrystia Freeland on the telephone and was “hopeful” Canada could soon hold trilateral NAFTA talks with the United States and Mexico.

Guajardo was joined by Foreign Minister Luis Videgaray, Mexico’s chief NAFTA negotiator Kenneth Smith, and Jesus Seade, the designated chief trade negotiator of incoming Mexican President Andres Manuel Lopez Obrador.

Smith said Mexico and the United States were “working well” on the most difficult issues.

Mexico and Washington have been discussing rules for the automotive sector, which has been a major point of contention between the two countries.

The United States has sought tougher rules on what percentage of a vehicle’s components need to be built in the NAFTA region to avoid tariffs, as well as demanding that a certain number of cars and trucks be made in factories paying at least $16 an hour.

New sticking points emerged last week over President Donald Trump’s threat to impose steep automotive tariffs.

Guajardo said the teams had not yet touched the issue of a U.S. proposed sunset clause that would kill NAFTA after five years if it is not renegotiated again. Both Mexico and Canada have said they reject the measure.

Five ‘Crazy Rich Asian’ Ways to Splash Your Cash in Singapore

Singapore is the setting for new Hollywood movie ‘Crazy Rich Asians’ – an adaptation of a best-selling novel that explores the insatiable consumerism of new money and old-world opulence in a continent producing more billionaires than anywhere else.

While the low-tax financial hub is often called a playground for the rich, Singapore’s wealthy tend to live a more conservative, low-key life than Hong Kong’s showy socialites or Macau’s high-rollers.

In step with the film’s release in the United States on Wednesday and ahead of its release in the city-state next week, here are five ways to spend your cash in Singapore.

  1. Orchid-shaped supercars

Cars in Singapore are some of the most expensive in the world, owing to huge government taxes aimed at limiting their number in the tiny island-state.

That doesn’t stop the super-rich – Ferrari, Maserati and Lamborghini are commonly sighted. When a Singaporean character in Kevin Kwan’s book, Goh Peik Lin, moves to America to study she immediately buys a Porsche saying they are “such a bargain.”

For the super-rich patriot, Singapore-based firm Vanda Electrics has designed an electric supercar – Dendrobium. Its roof and doors open in sync to resemble the orchid that is native to Singapore and after which the vehicle is named.

A show car, built by the technology arm of the Williams Formula One team, was unveiled last year. It was originally estimated to cost around 3 million euros ($3.44 million) before tax, although Vanda Electrics advised the final price will likely be lower.

  1. Yachts with submarines

Yachts are an affordable alternative to such supercars.

“Impulse buys of luxury items such as yachts are becoming more common” said Phill Gregory, the Singapore head of yacht dealers Simpson Marine, who sell everything from sports boats to super yachts costing tens of millions of dollars.

Gregory said Singapore-based clients have some of the most sophisticated tastes and an eye for style: sometimes he flies them to Europe to deck out their yacht with luxury furniture from the artisans of Milan or world-famous Carrara marble straight from the quarries in Tuscany.

Others have more unusual requests. These include a bespoke ‘beach club style’ lounge area set underneath a shimmering swimming pool, helipads or even a space to park a small submarine or sea-plane.

  1. 999 roses

The iconic Marina Bay Sands hotel – which resembles a giant surfboard perched on three tall columns – features prominently in the film’s trailer.

The hotel features the invitation-only Chairman’s suite – the largest in Singapore – which has its own gym, hair salon, and karaoke room, and according to some media reports costs over $15,000 a night. There is no publicly available price.

The likes of former British soccer star David Beckham and Bollywood actor Shah Rukh Khan have stayed at the hotel.

George Roe, director of hotel operations at Marina Bay Sands, said he has had some unusual requests from his guests including organizing the delivery of 999 roses to a residential address in Singapore as a surprise.

  1. Rare beef

“You do realize Singapore is the most food obsessed country on the planet?,” Nick Young, the very well-heeled protagonist of ‘Crazy Rich Asians’ tells his girlfriend Rachel Chu ahead of their trip to the city-state.

Even hawker stalls hold Michelin stars in Singapore but there’s no shortage of places for the super-rich to get their fix.

The restaurant CUT by Wolfgang Puck is the only one in Singapore to offer Hokkaido snow beef – which is even scarcer than Kobe beef – through an exclusive arrangement with a private reserve in Japan.

Only two cattle are harvested from the reserve every month, with CUT receiving about 20-30 steaks a month – a chunk of which goes to regulars who visit the restaurant every time it comes on the menu, said general manager Paul Joseph. The current price is S$330 ($240) for a modest 170 gram serving.

  1. Gold tea

Forget wearing gold – in Singapore you can drink it. 

Boutique Singaporean tea company TWG Tea claims to sell one of the world’s most expensive teas – a white tea plated with 24-karat gold which retails at S$19,000 ($14,000) a kilo.

The Grand Golden Yin Zhen is described as a “glimpse of the divine in a teacup”, and the gold is said to have anti-oxidant properties that revitalize and rejuvenate the skin.

In Chinese Port City, Japan’s Toyota Lays Foundation to Ramp Up Sales

Toyota is likely to make 120,000 more cars a year in the Chinese port city  of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter.

The Japanese auto maker’s plan to boost annual production capacity by about a quarter in the port city will lay the foundation to increase sales in China to two million vehicles per year, a jump of over 50 percent, the four sources said.

The Tianjin expansion signals Toyota’s willingness to start adding significant manufacturing capacity in China with the possibility of one or two new assembly plants in the world’s biggest auto market, the sources said. Car imports could also increase, they said.

The move comes at a time when China’s trade outlook with the United States appears fraught and uncertain.

Toyota plans to significantly expand its sales networks and focus more on electric car technologies as part of the strategy, the sources said, declining to be identified as they are not authorised to speak to the media.

Toyota sold 1.29 million vehicles in China last year and while sales are projected at 1.4 million this year, “capacity constraints” have restricted stronger growth, the sources said.

Over 500,000 vehicles a year

Toyota’s manufacturing hub in Tianjin currently has the capacity to produce 510,000 vehicles a year, while Toyota as a whole, between two joint ventures, has overall capacity to churn out 1.16 million vehicles a year.

Manufacturing capacity numbers provided by automakers are called straight-time capacity without overtime. With overtime, a given assembly plant can produce 20 to 30 percent more than its capacity.

According to two Tianjin government websites last week, Toyota has been given regulatory approval by the municipal government’s Development and Reform Commission to pursue its expansion.

The two websites — including the official website for the Tianjin development district where Toyota’s production hub is based — said the Japanese automaker plans to expand its Tianjin base to be able to manufacture 10,000 all-electric battery cars and 110,000 so-called plug-in electric hybrids annually. It wasn’t immediately clear when Toyota will be able to start producing those additional cars.

A Beijing-based Toyota spokesman declined to comment. The Tianjin facilities, which produces cars such as the Toyota Corolla and Vios cars, are owned and operated by one of Toyota’s joint ventures in China.

The venture with FAW in Tianjin plans to invest 1.76 billion yuan ($257 million) for the expansion, according to the two Tianjin websites.

Historical backlash 

China is sometimes a market difficult to operate for Japanese companies because of historical reasons.

In 2012, cars sold by Toyota and other Japanese automakers were battered when protests erupted across China after diplomatic spats over disputed islets known as Diaoyu in China and Senkaku in Japan.

Since then, Toyota has emphasised steady growth rather than taking on risky expansion projects.

According to the four sources, Toyota’s attitude towards China began changing markedly after an official visit to Japan by Chinese Premier Li Keqiang in May.

During the visit, Li toured Toyota’s facilities on the northern island of Hokkaido, and was escorted by Toyota’s family scion and chief executive Akio Toyoda.

Toyoda has since sought to boost his company’s presence in China, a vision that had culminated in an active effort to identify specific ways to do just that, according to the four sources.

They said aside from boosting capacity, Toyota is also looking at the possibility to significantly expand its distribution networks for the mainstream Toyota and premium Lexus brands.

Timing is perfect for Toyota

It wasn’t immediately clear how significant a distribution network expansion Toyota is planning for both brands. Currently, Toyota has more than 1,300 stores for the Toyota brand and nearly 190 for its Lexus luxury cars.

The timing for the China expansion couldn’t be better. Earlier this year, Toyota was able to finally launch a couple of much anticipated, potentially high-volume subcompact sport-utility vehicles (SUVs) — two China-market versions of the Toyota C-HR crossover SUV which hit showrooms in the United States last year.

The C-HR variants are relatively small crossover SUVs that other manufacturers, most notably Japan’s Honda, have leveraged to grow sales rapidly and sell more cars in China than its much bigger rival Toyota. Honda sold 1.44 million vehicles in China last year.

Benefit for Lexus

Lexus is also deemed likely to benefit from a windfall from growing trade tensions between China and the United States.

In retaliation for U.S. trade actions, China raised tariffs on automobiles imported from the United States in early July to 40 percent, which, among other things, has forced Tesla, BMW, as well as Daimler AG’s Mercedes-Benz to raise prices on certain U.S. — built vehicles, such as the hot-selling BMW X5 and X6 crossover sport-utility vehicles.

One likely consequence for those brands is a sales fall, a profit squeeze, or both.

By contrast, all Lexus cars Toyota sells in China are brought in from Japan and benefit from a much lower tariff rate of 15 percent levied on non-U.S. produced car imports.

Explainer: How Do Security Clearances Work?

U.S. President Donald Trump on Wednesday revoked the security clearance of former CIA Director John Brennan. We take a look at what that means.

What is a security clearance?

A security clearance allows a person access to classified national security information or restricted areas after completion of a background check. The clearance by itself does not guarantee unlimited access. The agency seeking the clearance must determine what specific area of information the person needs to access.

What are the different levels of security clearance?

There are three levels: Confidential, secret and top secret. Security clearances don’t expire. But, top secret clearances are reinvestigated every five years, secret clearances every 10 years and confidential clearances every 15 years.

Who has security clearances?

According to a Government Accountability Office report released last year, about 4.2 million people had a security clearance as of 2015, they included military personnel, civil servants, and government contractors.

Why does one need a security clearance in retirement?

Retired senior intelligence officials and military officers need their security clearances in case they are called to consult on sensitive issues.

Can the president revoke a security clearance?

Apparently. But there is no precedent for a president revoking someone’s security clearance. A security clearance is usually revoked by the agency that sought it for an employee or contractor. All federal agencies follow a list of 13 potential justifications for revoking or denying a clearance, which can include criminal acts, lack of allegiance to the United States, behavior or situation that could compromise an individual and security violations.

Jury Gets Manafort Case

The fate of President Donald Trump’s former campaign chief Paul Manafort is in the hands of the jury.

The six men and six women will start deliberating Thursday on whether Manafort is guilty of tax and bank fraud. 

Manafort’s life was “littered with lies” as he pursued a lavish lifestyle, a U.S  prosecutor said in his closing argument  Wednesday. 

“Mr. Manafort lied to keep more money when he had it, and he lied to get more money when he didn’t,” prosecutor Greg Andres said.

Defense doesn’t call any witnesses

But defense attorney Richard Westling told the jury Manafort should be acquitted. He said the government had not met its burden to prove that Manafort was “guilty beyond a reasonable doubt,” the standard for a conviction in the U.S. legal system.

Westling said that is the reason the defense decided to rest Its case without calling any witnesses to testify, including Manafort himself.

Westling attacked the government’s contention that Manafort hid millions of dollars in offshore accounts to avoid U.S. taxes so he could fund luxurious purchases. He said Manafort had an adjusted net worth of $21.3 million at the end of 2016.

“Given this evidence, how can we say he didn’t have money?” Westling said.

Westling also attacked the prosecution’s star witness — Manafort’s former deputy chairman in the Trump campaign Rick Gates — as a liar and a thief. 

Gates had already pleaded guilty before Manafort’s trial to helping him hide millions in income from U.S. tax authorities and is awaiting sentencing.

Along with hours of testimony about Manafort’s finances, Gates acknowledged he stole hundreds of thousands of dollars from Manafort in part to finance an extra-marital affair in London and lied about his own role in hiding money in offshore accounts.

Prosecutor Andres alleges that overall, Manafort “failed to pay taxes on more than $15 million” in income. It is money the government claims he used to buy palatial mansions,  elaborate landscaping, fancy suits and jackets, electronics and other high-priced items. 

Much of the money, the government alleges, came from Manafort’s lobbying for deposed Ukrainian President Viktor Yanukovych, who was toppled in a popular 2014 uprising in Kyiv before fleeing to exile in Russia.

But Andres alleged that when the stream of money from Yanukovych dried up four years ago, Manafort financed his luxurious lifestyle by securing about $20 million in bank loans in the U.S. by lying about his assets and debts on loan applications.

“He lied and lied again,” Andres said.

Prosecutors offer two weeks of testimony

Prosecutors for special counsel Robert Mueller presented two weeks of testimony against Manafort, accusing him of hiding millions of dollars in offshore accounts he earned while lobbying for Yanukovych in the years before Manafort joined Trump’s campaign.

The case has drawn particular interest in the U.S. because it is the first trial conducted by Mueller’s prosecutors in their wide-ranging investigation of Russian meddling in the 2016 election.

They are probing whether Trump associates conspired with Russia to help Trump win the White House and whether Trump, as president, obstructed justice by trying to thwart the investigation.

However, the case against Manafort, a long-time Washington lobbyist, only peripherally touched on the campaign. Instead, it dealt almost totally on accusations about his financial transactions and what he did with the money from Yanukovych and the bank loans.

Trump Revokes Security Clearance of Former CIA Director

The security clearance of a former Central Intelligence Agency director was revoked Wednesday by U.S. President Donald Trump, who said in a statement that John Brennan had been sowing “division and chaos” about his administration.

The clearances of other former officials also were under review, including those of former U.S. National Intelligence Director James Clapper, former FBI Director James Comey, former Obama administration national security adviser Susan Rice, former National Security Agency Director Michael Hayden and former Deputy Attorney General Sally Yates. 

“Security clearances for those who still have them may be revoked, and those who have already their lost their security clearance may not be able to have it reinstated,” White House press secretary Sarah Sanders said to reporters Wednesday, reading out the statement in the president’s name.

Sarah Sanders Reads Trump Statement Revoking Clearances

Sanders, responding to reporters’ questions, denied that Brennan and others were being singled out because they were critics of Trump.

The president’s statement accused Brennan of “erratic conduct and behavior” that “has tested and far exceeded the limits of any professional courtesy that may have been due to him.” It also accused Brennan of “a history that calls into question his objectivity and credibility.” 

Brennan has been extremely critical and outspoken about the president’s conduct. For example, he called Trump’s performance at a joint press conference last month with Russian President Vladimir Putin in Finland ​ “nothing short of treasonous.”

Brennan, on Twitter, termed Trump’s action Wednesday part of a broader effort “to suppress freedom of speech and punish critics,” adding that it “should gravely worry all Americans, including intelligence professionals, about the cost of speaking out.”

Brennan, who spent 25 years with the CIA, concluded: “My principles are worth far more than clearances. I will not relent.” 

“Two things, in my view, are true at the same time,” Carmen Medina, former CIA deputy director of intelligence,  told VOA. “It was unwise for Brennan to be so vitriolic in his comments — unwise but not illegal. And it is an abuse of power for Trump to revoke clearances, unless he can prove misuse of classified information, which I don’t think he can.”

Such former top officials, as a matter of courtesy, retain their government clearances so that they may be able to consult with current government officials or take outside positions for contracted entities that are involved with sensitive intelligence matters.

An official with knowledge of the process told VOA that senior intelligence officials “had no hand in this, no role in this.” 

Both the Office of the Director of National Intelligence and the Central Intelligence Agency referred to the White House all questions from VOA about the matter.

Senator Rand Paul, a Kentucky Republican, applauded the president’s action, saying he had urged the president to do so because Brennan’s “behavior in government and out of it demonstrate why he should not be allowed near classified information.”

“He participated in a shredding of constitutional rights, lied to Congress, and has been monetizing and making partisan political use of his clearance since his departure,” Paul said in a statement.

​Danger seen to free speech, security

But critics of the move to strip Brennan’s clearance called it a threat to free speech and even national security.

“It’s unprecedented. I don’t know of a case where this has ever been done in the past,” former Director of National Intelligence James Clapper said on CNN. 

Clapper, a retired Air Force lieutenant general who had been appointed to top intelligence posts by both Republican and Democratic presidents, called Trump’s action “an infringement of our right to speak and apparently the appropriateness of being critical of this president, in which one degree or another all of us have been.”

Clapper noted he’d had no access to intelligence information since he left government on the day Trump was inaugurated, succeeding Barack Obama.

The threat to pull his security clearance, Clapper added, would not silence him. “I don’t plan to stop speaking when I’m asked my views on this administration,” Clapper said on CNN.

Retired General Michael Hayden, who headed both the CIA and NSA during his career, said losing his clearance would “have a marginal impact” on the work he’s doing now. He also said fear of losing that clearance wouldn’t stop him from speaking his mind.

“With regard to the implied threat today that I could lose my clearance, that will have no impact on what I think, say or write,” he said in an emailed statement.

Most of the names on the list that Sanders read “have been open or outspoken about the administration or have directly run afoul of it,” Clapper said.

The current administration has questioned the loyalties of such officials, viewing their comments as attacks against the president, especially those focusing on the intelligence findings that Russia intervened in the 2016 election won by Trump.

Paul Pillar, a former senior CIA officer now with Georgetown University in Washington, told VOA that arguments could be made for and against former senior officials retaining security clearances after they’ve left those positions.  But he added that the decision should not be made because of opinions they express.

Politicization of process

“Deciding on such a basis represents a corruption and politicization of an important national security process,” Pillar said. “The harm to U.S. national security comes from that corruption, much more so than from not being able to get advice in classified channels from John Brennan or any other former official. What’s to stop Trump from politicization of the clearance process for currently serving officials?”

A former CIA deputy director, John McLaughlin, speaking on MSNBC after Sanders read the names, said, “The message that goes out is: Be careful what you say” about Trump. 

McLaughlin said it was critical for intelligence professionals, especially those still in their jobs, to be able to deliver unpleasant news to a president, and he expressed hope that Trump’s action would not have a chilling effect on those who brief the president.

“This has zero to do with national security. This is an Official Enemies List. The offense: exercising 1st Amendment rights,” tweeted Michael Bromwich, a former inspector general of the Justice Department, which oversees federal law enforcement.