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News Slideshows (01/14/2020 03 hours)


  • 1/81   News Photos Slideshows
    PEOPLE TOPIC NEWS

    News Photos Slideshows - Hot Trends - Click on the image to view in augmented reality or in stereo 3D

    News Photos Slideshows - Hot Trends - Click on the image to view in augmented reality or in stereo 3D


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    Press Review


    Clemson   Trevor Lawrence   Tigers   Joe Burrow   Astros   Coach O   Dabo   Ed Orgeron   Nick Saban   Brent Venables   Cora   Tee Higgins   Superdome   Red Sox   Sarah Logan   Grant Delpit   Hinch   Burisma   Nikkie   Antonio Brown   Death Valley   Fulton   AJ Terrell   Colt Brennan   Go LSU   Styles Clash   Chris Fowler   Etienne   USA USA USA   Jim Crane   Rocky IV   
  • 2/81   Viola Davis’s message to white women: ‘Get to know me’
    PEOPLE TOPIC NEWS

    But Davis does see a path forward: empathy and becoming educated on one another’s experiences.

    But Davis does see a path forward: empathy and becoming educated on one another’s experiences.


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  • 3/81   Swizz Beatz, Alicia Keys’s husband, says hip-hop industry lacks compassion
    PEOPLE TOPIC NEWS

    Iconic hip-hop producer and Alicia Keys’s husband, Swizz Beatz, isn’t afraid to tell his guy friends he loves them.

    Iconic hip-hop producer and Alicia Keys’s husband, Swizz Beatz, isn’t afraid to tell his guy friends he loves them.


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  • 4/81   Mike 'The Situation' Sorrentino Is 'Having the Time of His Life' in Prison, Snooki Says
    PEOPLE TOPIC NEWS

    Mike 'The Situation' Sorrentino Is 'Having the Time of His Life' in Prison

    Mike 'The Situation' Sorrentino Is 'Having the Time of His Life' in Prison


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  • 5/81   'Avengers: Endgame' tops 'Star Wars,' breaks previous pre-sale record
    PEOPLE TOPIC NEWS

    'Avengers: Endgame' tops 'Star Wars,' breaks previous pre-sale record originally appeared on goodmorningamerica.com"Avengers: Endgame" tickets went on sale Tuesday and just like Thanos' famous snap, they were gone just like that. But way more than half.Fandango is reporting that "Endgame" has broken its pre-sale records, topping the previous holder, "Star Wars: The Force Awakens."(MORE: New 'Avengers: Endgame' trailer features Captain Marvel, the battle to beat Thanos)Guess the force is strong with Earth's mightiest heroes. ...

    'Avengers: Endgame' tops 'Star Wars,' breaks previous pre-sale record originally appeared on goodmorningamerica.com"Avengers: Endgame" tickets went on sale Tuesday and just like Thanos' famous snap, they were gone just like that. But way more than half.Fandango is reporting that "Endgame" has broken its pre-sale records, topping the previous holder, "Star Wars: The Force Awakens."(MORE: New 'Avengers: Endgame' trailer features Captain Marvel, the battle to beat Thanos)Guess the force is strong with Earth's mightiest heroes. ...


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  • 6/81   Selma Blair reveals she cried with relief at MS diagnosis after being 'not taken seriously' by doctors
    PEOPLE TOPIC NEWS

    The 46-year-old actress is now revealing the agony she went through before receiving a diagnosis of multiple sclerosis (MS) last August.'Ever since my son was born, I was in an MS flare-up and didn't know, and I was giving it everything to seem normal,' Blair told Robin Roberts in an interview that aired Tuesday on 'Good Morning America.' 'And I was self-medicating when he wasn't with me.  Blair recalled that she would get so fatigued prior to her diagnosis that she would need to pull over to take a nap after dropping her son, now 7, off at his school one mile away from their home.  During her interview with 'GMA' at her Los Angeles home, Blair was in an 'exacerbation' of MS, or an attack that causes new symptoms or the worsening of existing symptoms.

    The 46-year-old actress is now revealing the agony she went through before receiving a diagnosis of multiple sclerosis (MS) last August.'Ever since my son was born, I was in an MS flare-up and didn't know, and I was giving it everything to seem normal,' Blair told Robin Roberts in an interview that aired Tuesday on 'Good Morning America.' 'And I was self-medicating when he wasn't with me. Blair recalled that she would get so fatigued prior to her diagnosis that she would need to pull over to take a nap after dropping her son, now 7, off at his school one mile away from their home. During her interview with 'GMA' at her Los Angeles home, Blair was in an 'exacerbation' of MS, or an attack that causes new symptoms or the worsening of existing symptoms.


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  • 7/81   They won't be loved: Maroon 5 play it safe with dullest halftime show of all time
    PEOPLE TOPIC NEWS

    Maroon 5 could have silenced their many haters with a spectacular performance. But they didn’t do that.

    Maroon 5 could have silenced their many haters with a spectacular performance. But they didn’t do that.


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  • 8/81   Do star athletes make too much money?
    SPORTS TOPIC NEWS

    With athletes in America's biggest sports leagues raking in salaries worth $300 million and more, is it time to reign in the big spending or do superstars deserve the big bucks they make?

    With athletes in America's biggest sports leagues raking in salaries worth $300 million and more, is it time to reign in the big spending or do superstars deserve the big bucks they make?


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  • 9/81   Live animal mascots: Cute or exploitative?
    SPORTS TOPIC NEWS

    Animal rights activists have repeatedly called for college sports teams to stop using real animals as their mascots. Are these complaints fair or an overreaction?

    Animal rights activists have repeatedly called for college sports teams to stop using real animals as their mascots. Are these complaints fair or an overreaction?


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  • 10/81   Does U.S. women's soccer deserve equal pay?
    SPORTS TOPIC NEWS

    Has the U.S. women's soccer team done enough to warrant salaries that match their male counterparts? The 360 gives you all the angles on heavily-debated topics in the news.

    Has the U.S. women's soccer team done enough to warrant salaries that match their male counterparts? The 360 gives you all the angles on heavily-debated topics in the news.


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  • 11/81   After fighting for 9/11 victims, Jon Stewart turns to Warrior Games
    SPORTS TOPIC NEWS

    The former “Daily Show” host is serving as the host and emcee of this week’s 2019 Department of Defense Warrior Games in Tampa, where about 300 wounded, ill or injured active-duty and veteran military athletes are competing in 14 adaptive sports.

    The former “Daily Show” host is serving as the host and emcee of this week’s 2019 Department of Defense Warrior Games in Tampa, where about 300 wounded, ill or injured active-duty and veteran military athletes are competing in 14 adaptive sports.


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  • 12/81   Kevin Love talks anxiety, depression and the time he thought he was going to die mid-game
    SPORTS TOPIC NEWS

    “Dear Men” explores how men are navigating the evolution of manhood. NBA All-Star Kevin Love’s mental health journey began in a moment of anxiety on the basketball court during a November 2017 game against the Atlanta Hawks.

    “Dear Men” explores how men are navigating the evolution of manhood. NBA All-Star Kevin Love’s mental health journey began in a moment of anxiety on the basketball court during a November 2017 game against the Atlanta Hawks.


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  • 13/81   Is there a crisis with our boys? Expert says they need love, not discipline
    SPORTS TOPIC NEWS

    “Dear Men” explores how men are navigating the evolution of manhood. You can watch the current week's full episode of “Dear Men” every Wednesday at 8 p.m. ET on Roku. So why are young men struggling? So I don’t never hold back my tears when I'm feeling an emotional overload,” he said.

    “Dear Men” explores how men are navigating the evolution of manhood. You can watch the current week's full episode of “Dear Men” every Wednesday at 8 p.m. ET on Roku. So why are young men struggling? So I don’t never hold back my tears when I'm feeling an emotional overload,” he said.


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  • 14/81   Aly Raisman on Larry Nassar assault: Sometimes people forget I'm still coping with it
    SPORTS TOPIC NEWS

    It has been a year since former USA Gymnastics team doctor Larry Nassar was sentenced to 40 to 175 years in prison for abusing more than 150 girls. But Olympic gold medalist Aly Raisman is still coming to terms with the sexual abuse she experienced as a teenager.

    It has been a year since former USA Gymnastics team doctor Larry Nassar was sentenced to 40 to 175 years in prison for abusing more than 150 girls. But Olympic gold medalist Aly Raisman is still coming to terms with the sexual abuse she experienced as a teenager.


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  • 15/81   Aly Raisman on Larry Nassar assault: Sometimes people forget I’m still coping with it
    SPORTS TOPIC NEWS

    Olympic gold medalist Aly Raisman tells the Yahoo News show “Through Her Eyes” that she sometimes finds it difficult to hear the graphic details in the sexual assault stories of others, as she is still coping with her own traumatic experience.

    Olympic gold medalist Aly Raisman tells the Yahoo News show “Through Her Eyes” that she sometimes finds it difficult to hear the graphic details in the sexual assault stories of others, as she is still coping with her own traumatic experience.


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  • 16/81   For the love of the brain: One mother's fight for CTE awareness
    SPORTS TOPIC NEWS

    Karen Kinzle Zegel spends her days working on the Patrick Risha CTE Awareness Foundation website, fielding questions and giving out information on a disease she barely knew existed five years ago – until it took the life of her son, for whom the foundation is named.  Karen remembers, “We were a football family, his dad was a coach, I would cheer and yell and you know, do all the things the football mom does.  At the time, she was unaware of CTE – chronic traumatic encephalopathy, a degenerative brain disease caused by repeated blows to the head – and the role it was playing in Patrick’s life.

    Karen Kinzle Zegel spends her days working on the Patrick Risha CTE Awareness Foundation website, fielding questions and giving out information on a disease she barely knew existed five years ago – until it took the life of her son, for whom the foundation is named. Karen remembers, “We were a football family, his dad was a coach, I would cheer and yell and you know, do all the things the football mom does. At the time, she was unaware of CTE – chronic traumatic encephalopathy, a degenerative brain disease caused by repeated blows to the head – and the role it was playing in Patrick’s life.


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  • 17/81   PHOTOS: Fluorescent turtle embryo wins forty-fifth annual Nikon Small World Competition

    The winners of the 45th annual competition showcase a spectacular blend of science and artistry under the microscope.

    The winners of the 45th annual competition showcase a spectacular blend of science and artistry under the microscope.


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  • 18/81   7 tax scams to watch out for this year

    In case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.

    In case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.


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  • 19/81   Mother Angry After School's Robocall Keeps Mispronouncing Daughter's Name As A Racial Slur

    The daughter's name is Nicarri.

    The daughter's name is Nicarri.


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  • 20/81   What the CIA thinks of your anti-virus program

    PARIS (AP) — Peppering the 8,000 pages of purported Central Intelligence Agency hacking data released Tuesday by WikiLeaks are reviews of some of the world's most popular anti-virus products.

    PARIS (AP) — Peppering the 8,000 pages of purported Central Intelligence Agency hacking data released Tuesday by WikiLeaks are reviews of some of the world's most popular anti-virus products.


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  • 21/81   Avowed Apple Fan Jeb Bush Realizes His Apple Watch Can Take Phone Calls

    Jeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”

    Jeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”


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  • 22/81   Social media welcomes Pope Francis to the United States

    Pope Francis gets the social media treatment upon arriving in the U.S. Tuesday.  As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit.  Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.

    Pope Francis gets the social media treatment upon arriving in the U.S. Tuesday. As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit. Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.


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  • 23/81   Goldman Readies a Hiring Spree and Capital to Meet Its China Ambitions
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.The news swept through Goldman’s offices around China, changing everything.On a Friday afternoon in late 2017, an official in Beijing announced that the world’s most populous nation would let Wall Street banks expand across its markets. Goldman had spent more than a decade waiting in frustration for that chance. Regional bosses including James Paradise and Todd Leland urgently worked the phones, pinning down details to inform headquarters in New York.Since then, Goldman Sachs Group Inc. has spoken publicly only in broad strokes about its strategy for China as the gates come down this year. But inside the firm, a massive effort is taking shape. Three months ago, a team of executives presented a five-year plan for China to the board, calling for the bank to take control of a joint venture it set up with a Chinese securities firm in 2004. Infused with hundreds of millions of dollars in new capital, the unit would embark on a hiring spree to double its workforce to 600 and ramp up a wide variety of businesses.The strategy -- described by senior Goldman executives and others familiar with the plan -- shows how Chief Executive Officer David Solomon and President John Waldron are taking up the mantle once carried by former CEO Hank Paulson, betting China will finally make the world’s second-largest economy a more level playing field for foreign investment banks. Last year, they traveled to China seven times to meet senior officials, laying the groundwork. Another round of visits is set for 2020.“We’re increasingly optimistic that we’re going to have the opportunity to actually move more in the right direction, maybe even faster than we thought,” Waldron said in an interview last week. “If you’re going to have a successful business in China, you need to have an appropriate relationship with the government because so much happening in China relates to the government.”Revenue PressureGlobal investment banks have been stymied from expanding in China amid its economic rise this century. Its laws required foreign firms do local securities business through joint ventures with Chinese partners, who kept controlling stakes. That put U.S. and European firms in the uncomfortable position of risking their capital without the final say on strategy or deals.Now, a growing number of banks are seeking permission to take over those entities. Goldman applied in August to increase its stake in Goldman Sachs Gao Hua Securities Co. to 51% from 33%. Internally, executives talk about owning the entire business as soon as possible.China is opening at a key moment for Goldman, offering the bank another frontier as it faces mounting pressure to find ways to boost revenue. Analysts estimate the bank will confirm this week that revenue fell in 2019. It’s expected to brief investors on its broader strategy in coming weeks.Still, its plan to ambitiously ramp up the venture is striking after a decade in which top executives said they didn’t want to “overinvest” in winning investment banking mandates from China amid its restrictions. In that time, JPMorgan Chase & Co. and UBS Group Inc. both established a larger presence than Goldman inside the country.Goldman intends to add to its advisory, markets and merchant banking operations on the mainland. And in a twist, its executives are especially excited about what Waldron calls the potential for “gigantic” growth in its nascent business of tending wealth there. “The biggest opportunity in China is actually not in investment banking,” he said. “The biggest opportunity in China is to be an asset manager for all the savings.”The bank plans to apply for a license to run a fully owned asset management operation once Chinese authorities open up that market in April, a person familiar said. Long WaitIt would be understandable if the bank were less enthusiastic about expanding in China, given how long it’s waited.As the country’s economy took off in the 1990s, Goldman was among global banks that seized the opportunity, reaping fees by advising government-backed entities on billions of dollars of stock listings. A decade later, the bank made another bundle as China desperately sought to recapitalize its lenders. By 2006, Paulson arranged what was then Goldman’s biggest-ever principal bet -- a $2.58 billion investment in Industrial & Commercial Bank of China Ltd. that produced an estimated $12 billion in dividends and proceeds by the time the firm unloaded it in 2013.But hopes of running a wholly owned securities division inside China kept getting thwarted.Paulson made at least 70 trips to China as the firm’s leader, for a time becoming the most famous foreigner there who wasn’t either a head of state or pop star. When he set up the bank’s joint venture with Beijing Gao Hua Securities in 2004, he declared the company was entering “an exciting new chapter.”But not too long after Paulson stepped down in 2006, cracks started forming in markets that led to a global credit crisis in 2008. Goldman’s star in China faded and officials became highly skeptical of all foreign banks’ practices, products and advice, people familiar with their thinking said.Paulson’s successor, Lloyd Blankfein, didn’t travel to China as often. Instead, he spent much of his tenure guiding the firm through the fallout of the crisis, adjusting strategy for an era of stiffer regulation and capital requirements. While Blankfein publicly proclaimed this as China’s century, he and other bank chiefs struggled to persuade reluctant Beijing officials to open their market. After the government took some steps, its suspicions of banks such as Goldman flared anew in 2015 when the nation’s stock market swooned. The expansion Paulson sought to set up for Blankfein never materialized.The result is that Goldman has booked relatively paltry profits onshore, instead focusing mainly on helping Chinese clients tap markets abroad. Inside China, the bank’s best year was 2015, when it generated roughly $120 million in revenue from investment banking, asset management and brokerage operations with its Chinese partner, according to filings by Gao Hua Securities Co. Its onshore revenue in 2018 equates to far less than 1% of what the country’s entire securities industry generated that year.China’s SurpriseBlankfein happened to be in Beijing with President Donald Trump in November 2017 as China prepared to make its surprise declaration about opening its market for financial firms. Somewhat famously, Trump didn’t know it was coming. Blankfein boarded a plane before the announcement, and if he knew about it, he didn’t let on. Inside Goldman, executives who had worked directly with the government and suspected something was afoot were caught off guard.“There was an instant reaction internally,” Paradise recalled in an interview, snapping his fingers. He and Leland oversee Goldman’s businesses in the Asia-Pacific region except for Japan. “And the first people to see and read that news were people in this time zone.”Banks such as Goldman are hoping that breakthrough will be followed by a regulatory and legal framework in China that will let them sell more sophisticated products and services on the mainland, akin to what’s available in other parts of the world. Offering ways to hedge or diversify investments, for example, can be lucrative for securities firms, but it could also help make China’s capital markets more robust. The pace of Goldman’s expansion will depend on how that develops, Paradise said.For years, Goldman had been lobbying the government and soliciting regulators’ thoughts on proposed products, Leland said. But the conversation has since reversed as officials show interest in giving Chinese companies access to more capital and financial tools. “Now, it’s them asking us: ‘Would you do this, could you do that?’” Leland said. “That encourages us to move quicker.”The bank has been working with authorities to teach them about financial products not yet widely available in China, such as derivatives. The thinking is that young Chinese companies will need to shift from focusing solely on grabbing market share to generating reliable profits to attract foreign shareholders. And for that, they will need to hedge risks.Tending WealthThe country’s burgeoning wealth makes asset management a priority, too. High-net-worth people there still have relatively few investment options.Should China continue its reform pace, Goldman estimates its private bankers will be able to grow the assets they manage at an average percentage rate in the mid-teens over the next five years, which would potentially double onshore revenue, according to Ron Lee, Asia Pacific head of investment management. “If we add bankers, and there’s a growth rate, we can grow even faster,” he said. “We’re looking to do both.”Once it gains control, the bank will rebrand its wealth business to feature only its own name, rather than including Gao Hua. It also plans to expand its footprint outside of Beijing and Shanghai to the surging metropolis of Shenzhen, home to legions of factories and more than 20 million people. The firm is already interviewing bankers and finding office space there, Lee said. Yet there are limits to how quickly it can add private bankers.“The reality is we’re finding that because the wealth management landscape is relatively nascent in China, the talent pool is relatively limited, so we have to be a little more patient,” Lee said. “We’re looking for a high, but steady, growth rate.”(Adds details on asset management plans in 11th paragraph.)\--With assistance from Jun Luo.To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, David Scheer, Jonas BergmanFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.The news swept through Goldman’s offices around China, changing everything.On a Friday afternoon in late 2017, an official in Beijing announced that the world’s most populous nation would let Wall Street banks expand across its markets. Goldman had spent more than a decade waiting in frustration for that chance. Regional bosses including James Paradise and Todd Leland urgently worked the phones, pinning down details to inform headquarters in New York.Since then, Goldman Sachs Group Inc. has spoken publicly only in broad strokes about its strategy for China as the gates come down this year. But inside the firm, a massive effort is taking shape. Three months ago, a team of executives presented a five-year plan for China to the board, calling for the bank to take control of a joint venture it set up with a Chinese securities firm in 2004. Infused with hundreds of millions of dollars in new capital, the unit would embark on a hiring spree to double its workforce to 600 and ramp up a wide variety of businesses.The strategy -- described by senior Goldman executives and others familiar with the plan -- shows how Chief Executive Officer David Solomon and President John Waldron are taking up the mantle once carried by former CEO Hank Paulson, betting China will finally make the world’s second-largest economy a more level playing field for foreign investment banks. Last year, they traveled to China seven times to meet senior officials, laying the groundwork. Another round of visits is set for 2020.“We’re increasingly optimistic that we’re going to have the opportunity to actually move more in the right direction, maybe even faster than we thought,” Waldron said in an interview last week. “If you’re going to have a successful business in China, you need to have an appropriate relationship with the government because so much happening in China relates to the government.”Revenue PressureGlobal investment banks have been stymied from expanding in China amid its economic rise this century. Its laws required foreign firms do local securities business through joint ventures with Chinese partners, who kept controlling stakes. That put U.S. and European firms in the uncomfortable position of risking their capital without the final say on strategy or deals.Now, a growing number of banks are seeking permission to take over those entities. Goldman applied in August to increase its stake in Goldman Sachs Gao Hua Securities Co. to 51% from 33%. Internally, executives talk about owning the entire business as soon as possible.China is opening at a key moment for Goldman, offering the bank another frontier as it faces mounting pressure to find ways to boost revenue. Analysts estimate the bank will confirm this week that revenue fell in 2019. It’s expected to brief investors on its broader strategy in coming weeks.Still, its plan to ambitiously ramp up the venture is striking after a decade in which top executives said they didn’t want to “overinvest” in winning investment banking mandates from China amid its restrictions. In that time, JPMorgan Chase & Co. and UBS Group Inc. both established a larger presence than Goldman inside the country.Goldman intends to add to its advisory, markets and merchant banking operations on the mainland. And in a twist, its executives are especially excited about what Waldron calls the potential for “gigantic” growth in its nascent business of tending wealth there. “The biggest opportunity in China is actually not in investment banking,” he said. “The biggest opportunity in China is to be an asset manager for all the savings.”The bank plans to apply for a license to run a fully owned asset management operation once Chinese authorities open up that market in April, a person familiar said. Long WaitIt would be understandable if the bank were less enthusiastic about expanding in China, given how long it’s waited.As the country’s economy took off in the 1990s, Goldman was among global banks that seized the opportunity, reaping fees by advising government-backed entities on billions of dollars of stock listings. A decade later, the bank made another bundle as China desperately sought to recapitalize its lenders. By 2006, Paulson arranged what was then Goldman’s biggest-ever principal bet -- a $2.58 billion investment in Industrial & Commercial Bank of China Ltd. that produced an estimated $12 billion in dividends and proceeds by the time the firm unloaded it in 2013.But hopes of running a wholly owned securities division inside China kept getting thwarted.Paulson made at least 70 trips to China as the firm’s leader, for a time becoming the most famous foreigner there who wasn’t either a head of state or pop star. When he set up the bank’s joint venture with Beijing Gao Hua Securities in 2004, he declared the company was entering “an exciting new chapter.”But not too long after Paulson stepped down in 2006, cracks started forming in markets that led to a global credit crisis in 2008. Goldman’s star in China faded and officials became highly skeptical of all foreign banks’ practices, products and advice, people familiar with their thinking said.Paulson’s successor, Lloyd Blankfein, didn’t travel to China as often. Instead, he spent much of his tenure guiding the firm through the fallout of the crisis, adjusting strategy for an era of stiffer regulation and capital requirements. While Blankfein publicly proclaimed this as China’s century, he and other bank chiefs struggled to persuade reluctant Beijing officials to open their market. After the government took some steps, its suspicions of banks such as Goldman flared anew in 2015 when the nation’s stock market swooned. The expansion Paulson sought to set up for Blankfein never materialized.The result is that Goldman has booked relatively paltry profits onshore, instead focusing mainly on helping Chinese clients tap markets abroad. Inside China, the bank’s best year was 2015, when it generated roughly $120 million in revenue from investment banking, asset management and brokerage operations with its Chinese partner, according to filings by Gao Hua Securities Co. Its onshore revenue in 2018 equates to far less than 1% of what the country’s entire securities industry generated that year.China’s SurpriseBlankfein happened to be in Beijing with President Donald Trump in November 2017 as China prepared to make its surprise declaration about opening its market for financial firms. Somewhat famously, Trump didn’t know it was coming. Blankfein boarded a plane before the announcement, and if he knew about it, he didn’t let on. Inside Goldman, executives who had worked directly with the government and suspected something was afoot were caught off guard.“There was an instant reaction internally,” Paradise recalled in an interview, snapping his fingers. He and Leland oversee Goldman’s businesses in the Asia-Pacific region except for Japan. “And the first people to see and read that news were people in this time zone.”Banks such as Goldman are hoping that breakthrough will be followed by a regulatory and legal framework in China that will let them sell more sophisticated products and services on the mainland, akin to what’s available in other parts of the world. Offering ways to hedge or diversify investments, for example, can be lucrative for securities firms, but it could also help make China’s capital markets more robust. The pace of Goldman’s expansion will depend on how that develops, Paradise said.For years, Goldman had been lobbying the government and soliciting regulators’ thoughts on proposed products, Leland said. But the conversation has since reversed as officials show interest in giving Chinese companies access to more capital and financial tools. “Now, it’s them asking us: ‘Would you do this, could you do that?’” Leland said. “That encourages us to move quicker.”The bank has been working with authorities to teach them about financial products not yet widely available in China, such as derivatives. The thinking is that young Chinese companies will need to shift from focusing solely on grabbing market share to generating reliable profits to attract foreign shareholders. And for that, they will need to hedge risks.Tending WealthThe country’s burgeoning wealth makes asset management a priority, too. High-net-worth people there still have relatively few investment options.Should China continue its reform pace, Goldman estimates its private bankers will be able to grow the assets they manage at an average percentage rate in the mid-teens over the next five years, which would potentially double onshore revenue, according to Ron Lee, Asia Pacific head of investment management. “If we add bankers, and there’s a growth rate, we can grow even faster,” he said. “We’re looking to do both.”Once it gains control, the bank will rebrand its wealth business to feature only its own name, rather than including Gao Hua. It also plans to expand its footprint outside of Beijing and Shanghai to the surging metropolis of Shenzhen, home to legions of factories and more than 20 million people. The firm is already interviewing bankers and finding office space there, Lee said. Yet there are limits to how quickly it can add private bankers.“The reality is we’re finding that because the wealth management landscape is relatively nascent in China, the talent pool is relatively limited, so we have to be a little more patient,” Lee said. “We’re looking for a high, but steady, growth rate.”(Adds details on asset management plans in 11th paragraph.)\--With assistance from Jun Luo.To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, David Scheer, Jonas BergmanFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 24/81   In California: Dual-language programs grow in a state hungry for them
    TECHNOLOGY TOPIC NEWS

    Plus: A battery charging station caused a fire that killed 34 people aboard a diving boat over Labor Day weekend, attorneys representing deceased families claim. And the hashtag OscarsSoWhite still applies to the 2020 Academy Award nominees.

    Plus: A battery charging station caused a fire that killed 34 people aboard a diving boat over Labor Day weekend, attorneys representing deceased families claim. And the hashtag OscarsSoWhite still applies to the 2020 Academy Award nominees.


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  • 25/81   Donald R. Chadwell, MD, is being recognized by Continental Who's Who
    TECHNOLOGY TOPIC NEWS

    Donald R. Chadwell, MD, is being recognized by Continental Who's Who as a Pinnacle Lifetime Achiever in the field of Medicine as a Physician Medicine and Rehabilitation Physician.

    Donald R. Chadwell, MD, is being recognized by Continental Who's Who as a Pinnacle Lifetime Achiever in the field of Medicine as a Physician Medicine and Rehabilitation Physician.


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  • 26/81   Introducing Hanhua Financial Holding (HKG:3903), The Stock That Tanked 70%
    TECHNOLOGY TOPIC NEWS

    We think intelligent long term investing is the way to go. But no-one is immune from buying too high. For example...

    We think intelligent long term investing is the way to go. But no-one is immune from buying too high. For example...


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  • 27/81   Federal government blasts PG&E's deal with fire victims
    TECHNOLOGY TOPIC NEWS

    Tensions between the U.S. government and Pacific Gas & Electric are boiling over as the two sides battle over whether a taxpayer-funded agency should be allowed to stake a claim on a $13.5 billion settlement covering most of the losses from catastrophic wildfires blamed on the bankrupt utility.  The showdown came into sharper focus Monday when a top official from the Federal Emergency Management Agency blasted the nation's largest utility and fire victims' lawyers for negotiating a deal that could put the government in the untenable position of trying to claw back money it already has paid to people who lost family members and homes in fires ignited by PG&E's transmission lines from 2015 and 2018.  Robert Fenton, a FEMA regional administrator, lashed out during a media conference call held after the San Francisco Chronicle first reported  the agency planned to seek repayment of a portion of the $3.9 billion bill that it incurred in the fires from the victims if it can't get the money from PG&E as the utility scrambles to emerge from bankruptcy protection by June 30.

    Tensions between the U.S. government and Pacific Gas & Electric are boiling over as the two sides battle over whether a taxpayer-funded agency should be allowed to stake a claim on a $13.5 billion settlement covering most of the losses from catastrophic wildfires blamed on the bankrupt utility. The showdown came into sharper focus Monday when a top official from the Federal Emergency Management Agency blasted the nation's largest utility and fire victims' lawyers for negotiating a deal that could put the government in the untenable position of trying to claw back money it already has paid to people who lost family members and homes in fires ignited by PG&E's transmission lines from 2015 and 2018. Robert Fenton, a FEMA regional administrator, lashed out during a media conference call held after the San Francisco Chronicle first reported the agency planned to seek repayment of a portion of the $3.9 billion bill that it incurred in the fires from the victims if it can't get the money from PG&E as the utility scrambles to emerge from bankruptcy protection by June 30.


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  • 28/81   Asian Stocks Push Higher; Yuan Extends Advance: Markets Wrap
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Asian stocks followed their U.S. counterparts higher Tuesday on optimism over this week’s signing of the Sino-American trade deal. The yuan extended gains to the strongest since July.Stocks climbed across the region, while U.S. futures ticked higher. Earlier, technology shares sent the S&P 500 and Nasdaq Composite Index to records. Gains extended after the U.S. was reported to plan lifting the currency-manipulator label from China, a move that was confirmed after the market closed. Treasury yields edged up, while the yen fell past 110 per dollar.The Trump administration lifted its designation of China as a currency manipulator, saying the nation has made “enforceable commitments” not to devalue the yuan and has agreed to publish exchange-rate information. The document listed no major U.S. trading partner among the 20 economies it monitors for potential manipulation.As investors await the signing of the phase-one trade agreement on Wednesday in Washington, focus is beginning to return to corporate results. Some of the biggest U.S. banks kick off earnings season Tuesday, amid forecasts that overall corporate profits will show the smallest growth in three years.“Our expectation is a solid earnings season -- nothing extraordinary but nothing really terrible,” Kristina Hooper, chief global market strategist at Invesco Ltd., said on Bloomberg TV. “The environment is so accommodative that it really is supportive of risk assets, including equities, even if we have a lackluster earnings season.”Elsewhere, the pound held Monday’s declines after another Bank of England official pointed to a potential vote for a U.K. interest-rate cut this month and data showed the economy unexpectedly shrank. Oil fluctuated and gold retreated.Here are some events to watch for this week:Phase one of the U.S.-China trade deal is set to be signed on Wednesday in Washington.The biggest American financial institutions kick off earnings season, including JPMorgan Chase & Co., Citigroup Inc., Wells Fargo & Co., Bank of America Corp., Goldman Sachs Group Inc., Morgan Stanley and BlackRock Inc.The U.S. releases inflation data for December on Tuesday.The Fed’s so-called beige book is due on Wednesday.China GDP comes on Friday.These are some of the moves in major markets:StocksJapan’s Topix Index rose 0.1% as of 10:27 a.m. in Tokyo.S&P/ASX 200 rose 0.7%.Kospi Index rose 1%.Hang Seng Index climbed 0.7%.Shanghai Composite Index rose 0.2%.S&P 500 futures rose 0.1%. The S&P 500 Index increased 0.7% Monday.CurrenciesThe yen fell 0.1% to 110.10 per dollar.The offshore yuan rose 0.1% to 6.8769 per dollar after rising 0.5% Monday.The British pound steadied at $1.2994 after a 0.6% decline Monday.The Bloomberg Dollar Spot Index was little changed.The euro was flat at $1.1135.BondsThe yield on 10-year Treasuries rose one basis point to 1.86%.Australian 10-year yields rose about three basis points to 1.24%.CommoditiesGold fell 0.6% to $1538.West Texas Intermediate crude was little changed at $58.08 a barrel.\--With assistance from April Ma and Sarah Ponczek.To contact the reporters on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- Asian stocks followed their U.S. counterparts higher Tuesday on optimism over this week’s signing of the Sino-American trade deal. The yuan extended gains to the strongest since July.Stocks climbed across the region, while U.S. futures ticked higher. Earlier, technology shares sent the S&P 500 and Nasdaq Composite Index to records. Gains extended after the U.S. was reported to plan lifting the currency-manipulator label from China, a move that was confirmed after the market closed. Treasury yields edged up, while the yen fell past 110 per dollar.The Trump administration lifted its designation of China as a currency manipulator, saying the nation has made “enforceable commitments” not to devalue the yuan and has agreed to publish exchange-rate information. The document listed no major U.S. trading partner among the 20 economies it monitors for potential manipulation.As investors await the signing of the phase-one trade agreement on Wednesday in Washington, focus is beginning to return to corporate results. Some of the biggest U.S. banks kick off earnings season Tuesday, amid forecasts that overall corporate profits will show the smallest growth in three years.“Our expectation is a solid earnings season -- nothing extraordinary but nothing really terrible,” Kristina Hooper, chief global market strategist at Invesco Ltd., said on Bloomberg TV. “The environment is so accommodative that it really is supportive of risk assets, including equities, even if we have a lackluster earnings season.”Elsewhere, the pound held Monday’s declines after another Bank of England official pointed to a potential vote for a U.K. interest-rate cut this month and data showed the economy unexpectedly shrank. Oil fluctuated and gold retreated.Here are some events to watch for this week:Phase one of the U.S.-China trade deal is set to be signed on Wednesday in Washington.The biggest American financial institutions kick off earnings season, including JPMorgan Chase & Co., Citigroup Inc., Wells Fargo & Co., Bank of America Corp., Goldman Sachs Group Inc., Morgan Stanley and BlackRock Inc.The U.S. releases inflation data for December on Tuesday.The Fed’s so-called beige book is due on Wednesday.China GDP comes on Friday.These are some of the moves in major markets:StocksJapan’s Topix Index rose 0.1% as of 10:27 a.m. in Tokyo.S&P/ASX 200 rose 0.7%.Kospi Index rose 1%.Hang Seng Index climbed 0.7%.Shanghai Composite Index rose 0.2%.S&P 500 futures rose 0.1%. The S&P 500 Index increased 0.7% Monday.CurrenciesThe yen fell 0.1% to 110.10 per dollar.The offshore yuan rose 0.1% to 6.8769 per dollar after rising 0.5% Monday.The British pound steadied at $1.2994 after a 0.6% decline Monday.The Bloomberg Dollar Spot Index was little changed.The euro was flat at $1.1135.BondsThe yield on 10-year Treasuries rose one basis point to 1.86%.Australian 10-year yields rose about three basis points to 1.24%.CommoditiesGold fell 0.6% to $1538.West Texas Intermediate crude was little changed at $58.08 a barrel.\--With assistance from April Ma and Sarah Ponczek.To contact the reporters on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 29/81   Oil prices dip as Mideast tensions ease; market eyes trade deal
    TECHNOLOGY TOPIC NEWS

    Oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month's clashes.

    Oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month's clashes.


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  • 30/81   What We Think Of Kunming Dianchi Water Treatment Co., Ltd.’s (HKG:3768) Investment Potential
    TECHNOLOGY TOPIC NEWS

    Today we'll evaluate Kunming Dianchi Water Treatment Co., Ltd. (HKG:3768) to determine whether it could have potential...

    Today we'll evaluate Kunming Dianchi Water Treatment Co., Ltd. (HKG:3768) to determine whether it could have potential...


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  • 31/81   World’s Largest Bitcoin Mine Lures New Clients to Texas Hotspot
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- SBI Holdings Inc. and Japanese internet-service provider GMO Internet Inc. are about to start extracting Bitcoin at the world’s largest crypto mine, located in the industry’s new hotspot: Rockdale, Texas.The two firms have in principle agreed with Northern Bitcoin AG subsidiary Whinstone Inc. to process cryptocurrency transactions at the German company’s facility within the coming months, according to people familiar with the matter.Renting out capacity to SBI Crypto, a unit of SBI Holdings, and GMO may help Northern Bitcoin to get further large, crypto-savvy investors on board, the people added, asking not to be identified because the matter is private. Spokesmen for Northern Bitcoin, GMO and SBI declined to comment.Northern Bitcoin in recent years shifted away from mining Bitcoin itself and instead plans and operates mines for large investors, shielding it from wild price swings. Large leasing contracts typically boost revenues and profits.The Frankfurt-based firm last month said its data center in Rockdale will have an initial capacity of 300 megawatts when it starts operating and reach 1 gigawatt by year end. That is more than three times the capacity of a nearby crypto mine operated by China’s Bitmain Technologies Ltd., currently deemed the largest on earth and located in an old aluminum smelting plant of Alcoa Corp.Rockdale, once nicknamed the “town where it rains money” at the height of aluminum production in the 1950s, is one of the Texas locations that has seen an influx of large scale crypto miners. U.S. startup Layer1, for instance, is planning to set up a site in West Texas.Texas is attractive to often Libertarian-leaning crypto proponents given its history of independence, as well as having plenty of cheap energy and renewable sources, notably wind, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence.Wind-power generation accounted for more than 20% of Texas’ electricity last year and will overtake coal for the first time this year, according to BloombergNEF estimates.Bitcoin miners essentially compete to solve mathematical problems to process transactions on Bitcoin’s blockchain, receiving coins as a reward. While mining was easier for everyone for anyone with a computer when Bitcoin debuted in 2009, enthusiasts now need large-scale networked computers to do the work, and cheap electricity is key.The bets by SBI and GMO mark the entry of notable institutional investors at a time Bitcoin is coming off an eye-catching 2019, which saw it gain close to 95% despite repeated bouts of volatility. That’s emboldened some investors and analysts to call for further gains this year as adoption rates increase and fans continue to flock to decentralized currencies.“Bitcoin is attracting more institutional investors and with the notion of limited supply and mass adoption -- Bitcoin is winning this race,” McGlone said.(Corrects story originally published Jan. 7 to remove erroneous caption on the web.)\--With assistance from ?????.To contact the reporters on this story: Eyk Henning in Frankfurt at ehenning1@bloomberg.net;Vanessa Dezem in Frankfurt at vdezem@bloomberg.netTo contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net, Dave Liedtka, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- SBI Holdings Inc. and Japanese internet-service provider GMO Internet Inc. are about to start extracting Bitcoin at the world’s largest crypto mine, located in the industry’s new hotspot: Rockdale, Texas.The two firms have in principle agreed with Northern Bitcoin AG subsidiary Whinstone Inc. to process cryptocurrency transactions at the German company’s facility within the coming months, according to people familiar with the matter.Renting out capacity to SBI Crypto, a unit of SBI Holdings, and GMO may help Northern Bitcoin to get further large, crypto-savvy investors on board, the people added, asking not to be identified because the matter is private. Spokesmen for Northern Bitcoin, GMO and SBI declined to comment.Northern Bitcoin in recent years shifted away from mining Bitcoin itself and instead plans and operates mines for large investors, shielding it from wild price swings. Large leasing contracts typically boost revenues and profits.The Frankfurt-based firm last month said its data center in Rockdale will have an initial capacity of 300 megawatts when it starts operating and reach 1 gigawatt by year end. That is more than three times the capacity of a nearby crypto mine operated by China’s Bitmain Technologies Ltd., currently deemed the largest on earth and located in an old aluminum smelting plant of Alcoa Corp.Rockdale, once nicknamed the “town where it rains money” at the height of aluminum production in the 1950s, is one of the Texas locations that has seen an influx of large scale crypto miners. U.S. startup Layer1, for instance, is planning to set up a site in West Texas.Texas is attractive to often Libertarian-leaning crypto proponents given its history of independence, as well as having plenty of cheap energy and renewable sources, notably wind, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence.Wind-power generation accounted for more than 20% of Texas’ electricity last year and will overtake coal for the first time this year, according to BloombergNEF estimates.Bitcoin miners essentially compete to solve mathematical problems to process transactions on Bitcoin’s blockchain, receiving coins as a reward. While mining was easier for everyone for anyone with a computer when Bitcoin debuted in 2009, enthusiasts now need large-scale networked computers to do the work, and cheap electricity is key.The bets by SBI and GMO mark the entry of notable institutional investors at a time Bitcoin is coming off an eye-catching 2019, which saw it gain close to 95% despite repeated bouts of volatility. That’s emboldened some investors and analysts to call for further gains this year as adoption rates increase and fans continue to flock to decentralized currencies.“Bitcoin is attracting more institutional investors and with the notion of limited supply and mass adoption -- Bitcoin is winning this race,” McGlone said.(Corrects story originally published Jan. 7 to remove erroneous caption on the web.)\--With assistance from ?????.To contact the reporters on this story: Eyk Henning in Frankfurt at ehenning1@bloomberg.net;Vanessa Dezem in Frankfurt at vdezem@bloomberg.netTo contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net, Dave Liedtka, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 32/81   Libya Civil War Cease-Fire Talks in Russia Fall Apart
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Russian and Turkish sponsored cease-fire talks to end Libya’s civil war appeared to have unraveled after eastern military commander Khalifa Haftar reportedly left Moscow without signing the agreement.The country’s UN-recognized prime minister, Fayez al-Sarraj, signed the deal after a day of negotiations in Moscow brokered by Russia and Turkey, which have seized the initiative from the west in attempting to end nine months of fighting around the Libyan capital, Tripoli.Haftar had asked for a delay until Tuesday to consider signing, Russian Foreign Minister Sergei Lavrov had told a news conference. Hours later, however, Haftar and his entourage left Moscow on Monday without agreeing the deal, Al Arabiya television reported.Turkey and Russia, which back rival forces, had pushed the two parties to accept a cease-fire that took hold shakily over the weekend and now threatens to fall apart entirely.“We have worked with our Russian partners all day long for the factions in Libya to sign a cease-fire letter and we drafted a text,” Turkish Foreign Minister Mevlut Cavusoglu said alongside Lavrov. “We have taken into account suggestions, especially from the Haftar side, to reach a mutual understanding.”An end to the battle over Tripoli would spare Libya further fighting after years of upheaval that has left thousands dead and allowed Islamist extremists to dig in. It would also remove a key uncertainty for the oil market. Crude production in Libya, home to Africa’s largest proven reserves, has fluctuated as the warring sides fought over some of the country’s largest fields.Libya has been enduring its worst violence since the 2011 NATO-backed ouster of Muammar Qaddafi, which ushered in years of instability that divided the country between rival administrations and turned it into a hub for migrants destined for Europe. Haftar had launched the offensive on Tripoli, which has killed more than 2,000 people and displaced tens of thousands, as the United Nations was laying the ground for a political conference to unite the country.With Europe’s traditional influence eclipsed by Russia and Turkey, and the U.S. largely disengaged as the Trump administration focuses on Iran, Libya risked becoming a pawn in a proxy conflict between powers vying for dominance in the region.Russian President Vladimir Putin and Turkish leader Recep Tayyip Erdogan assumed increasingly assertive roles in the conflict in recent months as they jockey for influence in the Mediterranean, with Russian mercenaries backing Haftar’s forces. Turkey has sent three dozen soldiers to Libya to help train forces loyal to Sarraj and coordinate the defense of his government, according to a senior Turkish official. Turkish-backed Syrian rebels have already joined the fray.Increasingly CostlyBut last week Moscow and Ankara agreed the conflict was becoming increasingly costly for them and used their leverage to press Libya’s warring leaders to accept a truce.“Russia simply told Haftar it will stop all military assistance and he suddenly became more amenable to the Russian cease-fire initiative,” said Kirill Semenyov, a Moscow-based Libya expert. “Russia from the very beginning didn’t back Haftar to allow him to take Tripoli with the help of mercenaries. The idea was to make him more dependent on Russia’s decisions.”Turkey’s aim is to “turn the cease-fire into a permanent cessation of hostilities and find a realistic political solution,” Emrullah Isler, Erdogan’s special envoy to Tripoli, told the Hurriyet newspaper on Monday.If a truce is reached, the next stop could be an international summit in Berlin on Jan. 19 meant to secure an agreement to halt foreign powers intervening in Libya, two officials familiar with the matter said.At a press conference in Ankara on Monday with Italian Prime Minister Giuseppe Conte, Erdogan said the two leaders and Putin were determined to be in Berlin for a summit “at the weekend.”Having a formal truce trickle down to the field will be tricky. The front lines are a patchwork of fighters on both sides, some of them only nominally under a central command, and some strongly opposed to a cease-fire. Both sides have accused the other of violating the truce that went into effect on Saturday, and serious questions remain over the ability to monitor forces and get ragtag fighters to put down guns.“The cease-fire is a very fragile thing,” the UN envoy to Libya, Ghassan Salame, said in an interview on Sunday.Joint MonitoringRussia and Turkey plan to set up a joint monitoring force to oversee the implementation of any truce, a senior Western diplomat briefed on the proposed agreement told Bloomberg. Egypt and the United Arab Emirates, backers of Haftar, may also play a role, according to an Arab official.Both asked not to be identified because the information isn’t public.The brittle truce can also founder over Haftar’s demand to disarm Sarraj’s allied militias, and the prime minister’s demand that his rival retreat to lines he held before launching his offensive on Tripoli in April. The fight over oil reserves will also complicate efforts to bring peace.Haftar is a former Qaddafi-era military officer who later fell out with the autocratic leader and went into exile in the U.S. He returned to Libya after the start of the uprising, and in 2014, launched a military campaign with the declared aim of routing extremists in the country’s east. His Libyan National Army, which is backed by an administration rivaling Sarraj’s, then moved on to take control of key oil facilities and gained an upper hand in Libya’s south before moving on Tripoli. It was seeking to oust the prime minister, whose government has struggled to project itself over much of the country.The European Union is desperate for a settlement in Libya to help ease political tensions across the bloc over rising anti-immigrant sentiment. Conte, whose own attempts to broker talks last week between the two Libyan leaders ended in embarrassing failure, met Erdogan a day after German Chancellor Angela Merkel held talks with Putin in Moscow and won his support for the Libya conference in Berlin.\--With assistance from Mohammed Abdusamee, Salma El Wardany, Henry Meyer and Ilya Arkhipov.To contact the reporters on this story: Samer Khalil Al-Atrush in Tunis at skhalilalatr@bloomberg.net;Selcan Hacaoglu in Ankara at shacaoglu@bloomberg.netTo contact the editors responsible for this story: Rosalind Mathieson at rmathieson3@bloomberg.net, Tony Halpin, Karl MaierFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- Russian and Turkish sponsored cease-fire talks to end Libya’s civil war appeared to have unraveled after eastern military commander Khalifa Haftar reportedly left Moscow without signing the agreement.The country’s UN-recognized prime minister, Fayez al-Sarraj, signed the deal after a day of negotiations in Moscow brokered by Russia and Turkey, which have seized the initiative from the west in attempting to end nine months of fighting around the Libyan capital, Tripoli.Haftar had asked for a delay until Tuesday to consider signing, Russian Foreign Minister Sergei Lavrov had told a news conference. Hours later, however, Haftar and his entourage left Moscow on Monday without agreeing the deal, Al Arabiya television reported.Turkey and Russia, which back rival forces, had pushed the two parties to accept a cease-fire that took hold shakily over the weekend and now threatens to fall apart entirely.“We have worked with our Russian partners all day long for the factions in Libya to sign a cease-fire letter and we drafted a text,” Turkish Foreign Minister Mevlut Cavusoglu said alongside Lavrov. “We have taken into account suggestions, especially from the Haftar side, to reach a mutual understanding.”An end to the battle over Tripoli would spare Libya further fighting after years of upheaval that has left thousands dead and allowed Islamist extremists to dig in. It would also remove a key uncertainty for the oil market. Crude production in Libya, home to Africa’s largest proven reserves, has fluctuated as the warring sides fought over some of the country’s largest fields.Libya has been enduring its worst violence since the 2011 NATO-backed ouster of Muammar Qaddafi, which ushered in years of instability that divided the country between rival administrations and turned it into a hub for migrants destined for Europe. Haftar had launched the offensive on Tripoli, which has killed more than 2,000 people and displaced tens of thousands, as the United Nations was laying the ground for a political conference to unite the country.With Europe’s traditional influence eclipsed by Russia and Turkey, and the U.S. largely disengaged as the Trump administration focuses on Iran, Libya risked becoming a pawn in a proxy conflict between powers vying for dominance in the region.Russian President Vladimir Putin and Turkish leader Recep Tayyip Erdogan assumed increasingly assertive roles in the conflict in recent months as they jockey for influence in the Mediterranean, with Russian mercenaries backing Haftar’s forces. Turkey has sent three dozen soldiers to Libya to help train forces loyal to Sarraj and coordinate the defense of his government, according to a senior Turkish official. Turkish-backed Syrian rebels have already joined the fray.Increasingly CostlyBut last week Moscow and Ankara agreed the conflict was becoming increasingly costly for them and used their leverage to press Libya’s warring leaders to accept a truce.“Russia simply told Haftar it will stop all military assistance and he suddenly became more amenable to the Russian cease-fire initiative,” said Kirill Semenyov, a Moscow-based Libya expert. “Russia from the very beginning didn’t back Haftar to allow him to take Tripoli with the help of mercenaries. The idea was to make him more dependent on Russia’s decisions.”Turkey’s aim is to “turn the cease-fire into a permanent cessation of hostilities and find a realistic political solution,” Emrullah Isler, Erdogan’s special envoy to Tripoli, told the Hurriyet newspaper on Monday.If a truce is reached, the next stop could be an international summit in Berlin on Jan. 19 meant to secure an agreement to halt foreign powers intervening in Libya, two officials familiar with the matter said.At a press conference in Ankara on Monday with Italian Prime Minister Giuseppe Conte, Erdogan said the two leaders and Putin were determined to be in Berlin for a summit “at the weekend.”Having a formal truce trickle down to the field will be tricky. The front lines are a patchwork of fighters on both sides, some of them only nominally under a central command, and some strongly opposed to a cease-fire. Both sides have accused the other of violating the truce that went into effect on Saturday, and serious questions remain over the ability to monitor forces and get ragtag fighters to put down guns.“The cease-fire is a very fragile thing,” the UN envoy to Libya, Ghassan Salame, said in an interview on Sunday.Joint MonitoringRussia and Turkey plan to set up a joint monitoring force to oversee the implementation of any truce, a senior Western diplomat briefed on the proposed agreement told Bloomberg. Egypt and the United Arab Emirates, backers of Haftar, may also play a role, according to an Arab official.Both asked not to be identified because the information isn’t public.The brittle truce can also founder over Haftar’s demand to disarm Sarraj’s allied militias, and the prime minister’s demand that his rival retreat to lines he held before launching his offensive on Tripoli in April. The fight over oil reserves will also complicate efforts to bring peace.Haftar is a former Qaddafi-era military officer who later fell out with the autocratic leader and went into exile in the U.S. He returned to Libya after the start of the uprising, and in 2014, launched a military campaign with the declared aim of routing extremists in the country’s east. His Libyan National Army, which is backed by an administration rivaling Sarraj’s, then moved on to take control of key oil facilities and gained an upper hand in Libya’s south before moving on Tripoli. It was seeking to oust the prime minister, whose government has struggled to project itself over much of the country.The European Union is desperate for a settlement in Libya to help ease political tensions across the bloc over rising anti-immigrant sentiment. Conte, whose own attempts to broker talks last week between the two Libyan leaders ended in embarrassing failure, met Erdogan a day after German Chancellor Angela Merkel held talks with Putin in Moscow and won his support for the Libya conference in Berlin.\--With assistance from Mohammed Abdusamee, Salma El Wardany, Henry Meyer and Ilya Arkhipov.To contact the reporters on this story: Samer Khalil Al-Atrush in Tunis at skhalilalatr@bloomberg.net;Selcan Hacaoglu in Ankara at shacaoglu@bloomberg.netTo contact the editors responsible for this story: Rosalind Mathieson at rmathieson3@bloomberg.net, Tony Halpin, Karl MaierFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 33/81   If You Had Bought Laneway Resources (ASX:LNY) Shares Three Years Ago You'd Have Made 133%
    TECHNOLOGY TOPIC NEWS

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...


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  • 34/81   STAG Industrial Announces Upsize And Pricing Of Public Offering Of Common Stock
    TECHNOLOGY TOPIC NEWS

    STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced the upsize and pricing of its public offering of an aggregate of 8,750,000 shares of its common stock, consisting of 5,600,000 shares offered directly by the Company and 3,150,000 shares offered on a forward basis in connection with the forward sale agreement described below, for gross proceeds of approximately $274.8 million. The forward purchaser (or its affiliate) and the Company have also granted the underwriters of the offering a 30-day option to purchase up to an additional 1,312,500 shares of common stock. The offering is expected to close on January 16, 2020, subject to customary closing conditions.

    STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced the upsize and pricing of its public offering of an aggregate of 8,750,000 shares of its common stock, consisting of 5,600,000 shares offered directly by the Company and 3,150,000 shares offered on a forward basis in connection with the forward sale agreement described below, for gross proceeds of approximately $274.8 million. The forward purchaser (or its affiliate) and the Company have also granted the underwriters of the offering a 30-day option to purchase up to an additional 1,312,500 shares of common stock. The offering is expected to close on January 16, 2020, subject to customary closing conditions.


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  • 35/81   Did You Miss CEI's (SGX:AVV) Impressive 127% Share Price Gain?
    TECHNOLOGY TOPIC NEWS

    When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...

    When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...


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  • 36/81   Yen Falls Past 110 to Eight-Month Low as U.S.-China Ties Improve
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- The yen weakened past 110 per dollar for the first time in almost eight months as the imminent signing of a U.S.-China trade deal sapped demand for haven assets.Japan’s currency fell as much as 0.2% to 110.21 per dollar as the Trump administration removed its designation of China as a currency manipulator before Wednesday’s planned signing of a phase-one agreement.“The dollar-yen rose to 110 amid improved risk sentiment and technical momentum,” said Kumiko Ishikawa, currency analyst at Sony Financial Holdings Inc. in Tokyo. “Whether it will extend its advance further depends on fresh catalysts including U.S. data and the extent of rise in U.S. yields.”The change in the U.S. Treasury Department’s semiannual foreign-exchange report suggests the partial trade deal with China is in the bag, removing a key risk for global markets. The yen has now weakened about 1.4% versus the dollar this year, having erased all its advance in 2019.China has made “enforceable commitments” not to devalue the yuan and has agreed to publish exchange-rate information, according to the Treasury report.The U.S. decision to label China a currency manipulator in August had helped escalate the trade war between the two nations. It came about after China’s central bank allowed the yuan to weaken in retaliation to new American tariffs.READ: Forget Hedging and Yields. The Yen is Key to Japan Buying AbroadThe yen’s haven appeal has also been dented by easing U.S.-Iran tensions, which saw it slump last week by the most since October.“At these yen levels, Japanese investors will be reluctant to actively buy foreign bonds without currency hedges, so the pace of such purchases may slow,” said Eiichiro Miura, general manager of the fixed income department at Nissay Asset Management Corp. in Tokyo. “There is more scope for dollar-yen upside as market sentiment is likely to remain positive for a while.”To contact the reporter on this story: Chikako Mogi in Tokyo at cmogi@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Shikhar Balwani, Nicholas ReynoldsFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- The yen weakened past 110 per dollar for the first time in almost eight months as the imminent signing of a U.S.-China trade deal sapped demand for haven assets.Japan’s currency fell as much as 0.2% to 110.21 per dollar as the Trump administration removed its designation of China as a currency manipulator before Wednesday’s planned signing of a phase-one agreement.“The dollar-yen rose to 110 amid improved risk sentiment and technical momentum,” said Kumiko Ishikawa, currency analyst at Sony Financial Holdings Inc. in Tokyo. “Whether it will extend its advance further depends on fresh catalysts including U.S. data and the extent of rise in U.S. yields.”The change in the U.S. Treasury Department’s semiannual foreign-exchange report suggests the partial trade deal with China is in the bag, removing a key risk for global markets. The yen has now weakened about 1.4% versus the dollar this year, having erased all its advance in 2019.China has made “enforceable commitments” not to devalue the yuan and has agreed to publish exchange-rate information, according to the Treasury report.The U.S. decision to label China a currency manipulator in August had helped escalate the trade war between the two nations. It came about after China’s central bank allowed the yuan to weaken in retaliation to new American tariffs.READ: Forget Hedging and Yields. The Yen is Key to Japan Buying AbroadThe yen’s haven appeal has also been dented by easing U.S.-Iran tensions, which saw it slump last week by the most since October.“At these yen levels, Japanese investors will be reluctant to actively buy foreign bonds without currency hedges, so the pace of such purchases may slow,” said Eiichiro Miura, general manager of the fixed income department at Nissay Asset Management Corp. in Tokyo. “There is more scope for dollar-yen upside as market sentiment is likely to remain positive for a while.”To contact the reporter on this story: Chikako Mogi in Tokyo at cmogi@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Shikhar Balwani, Nicholas ReynoldsFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 37/81   Asian stocks rally to record high ahead of trade deal; yen slips
    TECHNOLOGY TOPIC NEWS

    Asian share markets rose on Tuesday and safe-haven assets slid as signs of goodwill between China and the United States supported optimism for global growth, with the world's two biggest economies preparing to formalize a trade-war truce.  The U.S. Treasury Department on Monday said China should no longer be designated a currency manipulator - a label it applied as the yuan slid in August.  China, meanwhile, has allowed the tightly managed currency to climb to its highest point since July.

    Asian share markets rose on Tuesday and safe-haven assets slid as signs of goodwill between China and the United States supported optimism for global growth, with the world's two biggest economies preparing to formalize a trade-war truce. The U.S. Treasury Department on Monday said China should no longer be designated a currency manipulator - a label it applied as the yuan slid in August. China, meanwhile, has allowed the tightly managed currency to climb to its highest point since July.


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  • 38/81   China’s Yuan Climbs Past Key Levels as Trade Tensions Ease
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- With a trade deal nearly signed and China’s economy on steadier footing, the path for China’s yuan to strengthen is now wide open.The currency on Tuesday touched its highest since July in the offshore market, after punching through 6.9 per dollar for the first time in more than five months on Monday. The latest leg up came from news of the Trump administration removing China from its designation as a currency manipulator.China’s currency has now recouped about a third of the losses it sustained against the dollar since mid-June 2018, when U.S.-China trade tensions soared as President Donald Trump pressed ahead with waves of tariff hikes. The exchange rate has also benefited lately from rising confidence that China has arrested an economic slowdown.Some now predict the currency will touch 6.8 per dollar within three months -- a level not seen since May last year.“Having a stronger currency is one way to show good will,” said Mitul Kotecha, a senior emerging-markets strategist at Toronto-Dominion Bank in Singapore. “Signs of a gradual, as opposed to rapid, slowdown in China’s economy and limited decline in China rates will provide support to the currency.”With Chinese Vice Premier Liu He expected to seal the partial Sino-American trade deal in Washington Wednesday, the Trump administration said Monday China had made “enforceable commitments” not to devalue the yuan and had agreed to publish exchange-rate information. The U.S. Treasury still kept China on a monitoring list for foreign-exchange practices.The yuan has also been advancing more broadly, climbing the past four sessions against a basket of trading partners’ currencies. The strengthening has helped bolster sentiment in stocks, with the CSI 300 Index closing at its highest level in almost two years Monday. Shares of Chinese companies also surged in Hong Kong.China’s currency weakened past the key 7 per dollar level for the first time in a decade in August, when tensions between the two nations escalated. The yuan’s slide last year reignited one of Trump’s favorite criticisms of China: that Beijing weakens its currency to aid exporters.Now, investor optimism over the economy and trade has kept the currency on the strong side of 7 for more than two weeks. With technical indicators flashing bullish signals, multiple measures of expected volatility are hovering near their lowest in about five months, signaling a reluctance among traders to hedge against swings. The yuan has gained more than 4% since September’s nadir.Why the U.S. Labeled China a Currency Manipulator: QuickTakeSome yuan watchers are advising caution. Cliff Tan, head of global markets research for East Asia at MUFG Bank Ltd., says expectations of fiscal stimulus may be running too high. Khoon Goh, head of Asia research at Australia & New Zealand Banking Group Ltd., says the yuan’s strength is temporary, as it’s partly related to corporate spending and exporter conversion before the Lunar New Year.Analysts started revising their 2020 forecasts for the yuan last month, following news that Beijing and Washington reached an agreement. Evidence that a slowdown in the world’s second-largest economy may not be as bad as feared has also helped, with recent data showing that China’s manufacturing sector continued to expand in December.Expectations that authorities will add to policies supporting growth -- while staying clear of large-scale monetary stimulus -- are also boosting sentiment for the yuan.The median forecast of analysts surveyed by Bloomberg is for the yuan to end 2020 at 6.95.“The yuan’s outperformance since last week has reflected the improving risk sentiment, thanks to signs of the economy bottoming out,” said Tommy Xie, an economist at Oversea-Chinese Banking. “There’s some speculation that China may get a better trade deal than expected.”(Adds context on losses since trade war escalated, in third paragraph.)To contact Bloomberg News staff for this story: Livia Yap in Shanghai at lyap14@bloomberg.net;Qizi Sun in Beijing at qsun62@bloomberg.netTo contact the editors responsible for this story: Sofia Horta e Costa at shortaecosta@bloomberg.net, Christopher AnsteyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- With a trade deal nearly signed and China’s economy on steadier footing, the path for China’s yuan to strengthen is now wide open.The currency on Tuesday touched its highest since July in the offshore market, after punching through 6.9 per dollar for the first time in more than five months on Monday. The latest leg up came from news of the Trump administration removing China from its designation as a currency manipulator.China’s currency has now recouped about a third of the losses it sustained against the dollar since mid-June 2018, when U.S.-China trade tensions soared as President Donald Trump pressed ahead with waves of tariff hikes. The exchange rate has also benefited lately from rising confidence that China has arrested an economic slowdown.Some now predict the currency will touch 6.8 per dollar within three months -- a level not seen since May last year.“Having a stronger currency is one way to show good will,” said Mitul Kotecha, a senior emerging-markets strategist at Toronto-Dominion Bank in Singapore. “Signs of a gradual, as opposed to rapid, slowdown in China’s economy and limited decline in China rates will provide support to the currency.”With Chinese Vice Premier Liu He expected to seal the partial Sino-American trade deal in Washington Wednesday, the Trump administration said Monday China had made “enforceable commitments” not to devalue the yuan and had agreed to publish exchange-rate information. The U.S. Treasury still kept China on a monitoring list for foreign-exchange practices.The yuan has also been advancing more broadly, climbing the past four sessions against a basket of trading partners’ currencies. The strengthening has helped bolster sentiment in stocks, with the CSI 300 Index closing at its highest level in almost two years Monday. Shares of Chinese companies also surged in Hong Kong.China’s currency weakened past the key 7 per dollar level for the first time in a decade in August, when tensions between the two nations escalated. The yuan’s slide last year reignited one of Trump’s favorite criticisms of China: that Beijing weakens its currency to aid exporters.Now, investor optimism over the economy and trade has kept the currency on the strong side of 7 for more than two weeks. With technical indicators flashing bullish signals, multiple measures of expected volatility are hovering near their lowest in about five months, signaling a reluctance among traders to hedge against swings. The yuan has gained more than 4% since September’s nadir.Why the U.S. Labeled China a Currency Manipulator: QuickTakeSome yuan watchers are advising caution. Cliff Tan, head of global markets research for East Asia at MUFG Bank Ltd., says expectations of fiscal stimulus may be running too high. Khoon Goh, head of Asia research at Australia & New Zealand Banking Group Ltd., says the yuan’s strength is temporary, as it’s partly related to corporate spending and exporter conversion before the Lunar New Year.Analysts started revising their 2020 forecasts for the yuan last month, following news that Beijing and Washington reached an agreement. Evidence that a slowdown in the world’s second-largest economy may not be as bad as feared has also helped, with recent data showing that China’s manufacturing sector continued to expand in December.Expectations that authorities will add to policies supporting growth -- while staying clear of large-scale monetary stimulus -- are also boosting sentiment for the yuan.The median forecast of analysts surveyed by Bloomberg is for the yuan to end 2020 at 6.95.“The yuan’s outperformance since last week has reflected the improving risk sentiment, thanks to signs of the economy bottoming out,” said Tommy Xie, an economist at Oversea-Chinese Banking. “There’s some speculation that China may get a better trade deal than expected.”(Adds context on losses since trade war escalated, in third paragraph.)To contact Bloomberg News staff for this story: Livia Yap in Shanghai at lyap14@bloomberg.net;Qizi Sun in Beijing at qsun62@bloomberg.netTo contact the editors responsible for this story: Sofia Horta e Costa at shortaecosta@bloomberg.net, Christopher AnsteyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 39/81   Is Living Cell Technologies Limited's (ASX:LCT) CEO Being Overpaid?
    TECHNOLOGY TOPIC NEWS

    Ken Taylor became the CEO of Living Cell Technologies Limited (ASX:LCT) in 2014. This analysis aims first to contrast...

    Ken Taylor became the CEO of Living Cell Technologies Limited (ASX:LCT) in 2014. This analysis aims first to contrast...


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  • 40/81   China Port Defaulter’s Bankruptcy Ruling Stirs Up a Storm
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- A port operator in northeastern China once at the center of U.N. sanctions on North Korea is finding itself in another storm.Dandong Port Group Co. has regained attention after a controversial court ruling in favor of a state-led debt overhaul that forces steep losses on creditors and drew shareholders’ complaints about an opaque bankruptcy process. The court verdict also runs counter to an unprecedented roadmap that Beijing has just laid out to restore investor confidence via fair handling of bond defaults.The Dandong authorities’ iron-fist approach is a reminder that despite Beijing’s repeated pledge to treat all investors equally, a powerful state sector and deeply rooted local protectionism are just among the many hurdles it faces in an uphill battle.Dandong Port, located on the border with North Korea, began defaulting on local bonds in 2017 as a result of years of debt-fueled expansion and a regional economy battered by international sanctions on Pyongyang.The firm has failed to repay investors on nearly 8 billion yuan ($1.2 billion) of local notes and ranks as China’s eighth largest bond defaulter, according to data compiled by Bloomberg.Controversial RulingThe port operator went into bankruptcy proceedings in April after the Dandong Intermediate People’s Court appointed a group of local government officials as administrators. The case also involves three companies related to Dandong Port.Under the restructuring plan, local authorities will reorganize the four companies into two new entities, including one with the most lucrative port assets to be controlled by a major state-run port operator from the province, according to a court ruling on the National Enterprise Bankruptcy Information Disclosure Platform’s website. The other entity gets the less profitable businesses and will be collectively owned by creditors.Institutional bondholders will each receive a maximum of 300,000 yuan in cash compensation and can swap their remaining debt claims for shares in the weaker of the two new firms, according to the plan.Despite fierce opposition from creditors and shareholders who had voted against the plan twice, the local court handed down its irrevocable ruling Dec. 31, calling the compensation “relatively fair”.Many bondholders of Dandong Port said the restructuring plan is significantly worse than those in other cases in China, where investors enjoyed much higher debt recovery.“The court’s forceful ruling, which disregards ordinary creditors’ interests and may benefit certain parties in the short term, will seriously damage the business reputation of the Dandong area,” said Deng Hao, chief executive of Beijing GEC Asset Management.Forceful rulings are a special right awarded to the court and need to be used “very prudently,” Deng said.Unhappy ShareholdersAccording to Harold Ruvoldt, a lawyer, who said he represents 80% of the company’s shareholders, the way local authorities handled the firm’s restructuring drew opposition from shareholders, including the family of Wang Wenliang, a construction magnate who took control of the port in 2005.Wang resigned as Dandong Port’s legal representative in 2017, after the 66-year-old former official was expelled from China’s legislative body after being implicated in a vote-buying scandal, according to Dandong Port’s disclosure in 2016 on the Shanghai Stock Exchange.Wang’s family maintains a 53.3% stake in the port operator via two offshore entities, according to Ruvoldt, who also said that he is “deeply disappointed” at the court’s verdict, adding that adopting a twice-rejected plan was a “grave error”.Ruvoldt added that the shareholders he represents submitted an alternative restructuring plan that seeks to raise $2.5 billion to repay debt and put the firm back on sound footing.In the restructuring proposal shared by Ruvoldt and reviewed by Bloomberg, the shareholders said the administrators never disclosed any financial information about the debtor to them or informed them about the progress on restructuring. “The shareholders were completely shut out of the bankruptcy and reorganization process,” according to the document.Speaking on condition of anonymity because they’re not allowed to speak publicly, some bondholders said that they have failed to meet or have effective communications with the administrators. They’re also unable to contact Wang Wenliang, they said.The dissenting shareholders also complained in their alternative restructuring proposal about the fact that Liaoning Port Group, one of the province’s leading state-run firms, was the sole candidate for the role of strategic investors in Dandong Port’s restructuring.The practice raised questions about local protectionism and the outsized influence of a state sector that has dominated the rust-belt region for years, analysts said.Calls to Dandong Port and the bankruptcy administrators’ office went unanswered. The Dandong Intermediate People’s Court has yet to respond to written queries from Bloomberg. Ruvoldt declined to give contact information for the Wang family to seek comment on their take on the restructuring.Lack Of TransparencyDisclosure and transparency is at the heart of criticisms about Dandong Port’s bankruptcy and restructuring process, said Zhang Wenliang, a Beijing-based partner at Merits & Tree Law Office.“We have talked to many foreign investors about default opportunities in China and their common concern is that despite improved laws in China, there are lots of uncertainties regarding implementation,” Zhang said.In addition, the government-led restructuring plan, which prioritizes compensating employees’ claims over creditors, also highlights the political pressure on local authorities to preserve social stability, analysts said.The Dandong court’s decision looks even more glaring as it came just four days after top Chinese regulators released draft rules aimed at using a more transparent and market-oriented approach to tackle bond defaults.China’s central bank, National Development and Reform Commission and China Securities Regulatory Commission didn’t immediately reply to a fax seeking comment on Dandong Port’s restructuring plan.“Chinese regulators are striving for better protection of investors but it’s a tough task and there’s a long way to go,” said Wu Rui, executive director for mezzanine and credit investment at CDH Investments.There’s been a gradual rise in the number of bond issuers entering bankruptcy proceedings since China’s first onshore bond default in 2014, from just one that year to 20 last year, according to Everbright Securities. Of the 39 companies that entered bankruptcy proceedings, only 9 have completed the process, the brokerage wrote in a note published Monday.(Updates with number of bond issuers entering bankruptcy proceedings in last paragraph)\--With assistance from Yuling Yang, Molly Dai and Lucille Liu.To contact Bloomberg News staff for this story: Tongjian Dong in Shanghai at tdong28@bloomberg.net;Jing Zhao in Beijing at jzhao231@bloomberg.net;Shen Hong in Singapore at hshen87@bloomberg.netTo contact the editors responsible for this story: Richard Frost at rfrost4@bloomberg.net, Neha D'silva, Chan Tien HinFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- A port operator in northeastern China once at the center of U.N. sanctions on North Korea is finding itself in another storm.Dandong Port Group Co. has regained attention after a controversial court ruling in favor of a state-led debt overhaul that forces steep losses on creditors and drew shareholders’ complaints about an opaque bankruptcy process. The court verdict also runs counter to an unprecedented roadmap that Beijing has just laid out to restore investor confidence via fair handling of bond defaults.The Dandong authorities’ iron-fist approach is a reminder that despite Beijing’s repeated pledge to treat all investors equally, a powerful state sector and deeply rooted local protectionism are just among the many hurdles it faces in an uphill battle.Dandong Port, located on the border with North Korea, began defaulting on local bonds in 2017 as a result of years of debt-fueled expansion and a regional economy battered by international sanctions on Pyongyang.The firm has failed to repay investors on nearly 8 billion yuan ($1.2 billion) of local notes and ranks as China’s eighth largest bond defaulter, according to data compiled by Bloomberg.Controversial RulingThe port operator went into bankruptcy proceedings in April after the Dandong Intermediate People’s Court appointed a group of local government officials as administrators. The case also involves three companies related to Dandong Port.Under the restructuring plan, local authorities will reorganize the four companies into two new entities, including one with the most lucrative port assets to be controlled by a major state-run port operator from the province, according to a court ruling on the National Enterprise Bankruptcy Information Disclosure Platform’s website. The other entity gets the less profitable businesses and will be collectively owned by creditors.Institutional bondholders will each receive a maximum of 300,000 yuan in cash compensation and can swap their remaining debt claims for shares in the weaker of the two new firms, according to the plan.Despite fierce opposition from creditors and shareholders who had voted against the plan twice, the local court handed down its irrevocable ruling Dec. 31, calling the compensation “relatively fair”.Many bondholders of Dandong Port said the restructuring plan is significantly worse than those in other cases in China, where investors enjoyed much higher debt recovery.“The court’s forceful ruling, which disregards ordinary creditors’ interests and may benefit certain parties in the short term, will seriously damage the business reputation of the Dandong area,” said Deng Hao, chief executive of Beijing GEC Asset Management.Forceful rulings are a special right awarded to the court and need to be used “very prudently,” Deng said.Unhappy ShareholdersAccording to Harold Ruvoldt, a lawyer, who said he represents 80% of the company’s shareholders, the way local authorities handled the firm’s restructuring drew opposition from shareholders, including the family of Wang Wenliang, a construction magnate who took control of the port in 2005.Wang resigned as Dandong Port’s legal representative in 2017, after the 66-year-old former official was expelled from China’s legislative body after being implicated in a vote-buying scandal, according to Dandong Port’s disclosure in 2016 on the Shanghai Stock Exchange.Wang’s family maintains a 53.3% stake in the port operator via two offshore entities, according to Ruvoldt, who also said that he is “deeply disappointed” at the court’s verdict, adding that adopting a twice-rejected plan was a “grave error”.Ruvoldt added that the shareholders he represents submitted an alternative restructuring plan that seeks to raise $2.5 billion to repay debt and put the firm back on sound footing.In the restructuring proposal shared by Ruvoldt and reviewed by Bloomberg, the shareholders said the administrators never disclosed any financial information about the debtor to them or informed them about the progress on restructuring. “The shareholders were completely shut out of the bankruptcy and reorganization process,” according to the document.Speaking on condition of anonymity because they’re not allowed to speak publicly, some bondholders said that they have failed to meet or have effective communications with the administrators. They’re also unable to contact Wang Wenliang, they said.The dissenting shareholders also complained in their alternative restructuring proposal about the fact that Liaoning Port Group, one of the province’s leading state-run firms, was the sole candidate for the role of strategic investors in Dandong Port’s restructuring.The practice raised questions about local protectionism and the outsized influence of a state sector that has dominated the rust-belt region for years, analysts said.Calls to Dandong Port and the bankruptcy administrators’ office went unanswered. The Dandong Intermediate People’s Court has yet to respond to written queries from Bloomberg. Ruvoldt declined to give contact information for the Wang family to seek comment on their take on the restructuring.Lack Of TransparencyDisclosure and transparency is at the heart of criticisms about Dandong Port’s bankruptcy and restructuring process, said Zhang Wenliang, a Beijing-based partner at Merits & Tree Law Office.“We have talked to many foreign investors about default opportunities in China and their common concern is that despite improved laws in China, there are lots of uncertainties regarding implementation,” Zhang said.In addition, the government-led restructuring plan, which prioritizes compensating employees’ claims over creditors, also highlights the political pressure on local authorities to preserve social stability, analysts said.The Dandong court’s decision looks even more glaring as it came just four days after top Chinese regulators released draft rules aimed at using a more transparent and market-oriented approach to tackle bond defaults.China’s central bank, National Development and Reform Commission and China Securities Regulatory Commission didn’t immediately reply to a fax seeking comment on Dandong Port’s restructuring plan.“Chinese regulators are striving for better protection of investors but it’s a tough task and there’s a long way to go,” said Wu Rui, executive director for mezzanine and credit investment at CDH Investments.There’s been a gradual rise in the number of bond issuers entering bankruptcy proceedings since China’s first onshore bond default in 2014, from just one that year to 20 last year, according to Everbright Securities. Of the 39 companies that entered bankruptcy proceedings, only 9 have completed the process, the brokerage wrote in a note published Monday.(Updates with number of bond issuers entering bankruptcy proceedings in last paragraph)\--With assistance from Yuling Yang, Molly Dai and Lucille Liu.To contact Bloomberg News staff for this story: Tongjian Dong in Shanghai at tdong28@bloomberg.net;Jing Zhao in Beijing at jzhao231@bloomberg.net;Shen Hong in Singapore at hshen87@bloomberg.netTo contact the editors responsible for this story: Richard Frost at rfrost4@bloomberg.net, Neha D'silva, Chan Tien HinFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 41/81   Codagenix raises $20 million for a new flu vaccine and other therapies
    TECHNOLOGY TOPIC NEWS

    Coadagenix, a company developing vaccines and viral therapies for illnesses ranging from the flu and respiratory viruses to dengue fever has raised $20 million in a new round of financing.  The company's new investment round was led by Adjuvant Capital with additional participation from Euclidean Capital and Topspin Partners .  Codagenix will use the funds to support clinical development of its general flu vaccine and the first RSV vaccine for elderly patients -- who are more at risk to serious consequences from contracting the virus.

    Coadagenix, a company developing vaccines and viral therapies for illnesses ranging from the flu and respiratory viruses to dengue fever has raised $20 million in a new round of financing. The company's new investment round was led by Adjuvant Capital with additional participation from Euclidean Capital and Topspin Partners . Codagenix will use the funds to support clinical development of its general flu vaccine and the first RSV vaccine for elderly patients -- who are more at risk to serious consequences from contracting the virus.


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  • 42/81   Pelosi: Clinton allowed witnesses to come forward during his impeachment trial — Trump has done the opposite 
    POLITICS TOPIC NEWS

    House Speaker Nancy Pelosi on Sunday continued her calls for witnesses in President Trump’s impeachment trial after conceding to send articles of impeachment to the Senate in the coming weeks without Majority Leader Mitch McConnell’s commitment to hear new testimony. 

    House Speaker Nancy Pelosi on Sunday continued her calls for witnesses in President Trump’s impeachment trial after conceding to send articles of impeachment to the Senate in the coming weeks without Majority Leader Mitch McConnell’s commitment to hear new testimony. 


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  • 43/81   AOC’s Reelection Campaign Keeps Half of All Donations to ‘Working-Class Champions’ PAC
    POLITICS TOPIC NEWS

    Alexandria Ocasio-Cortez’s creation of a new progressive PAC to “elect working-class champions who have lived the hardships we seek to eliminate” funnels half of every donation to her own campaign.After accusing the Democratic Congressional Campaign Committee of “blacklisting” progressive candidates and refusing to pay $250,000 in dues to the organization, Ocasio-Cortez (D., N.Y.) framed the “Courage to Change” PAC as a progressive alternative to the DCCC.“We are pushing the envelope in DC by rewarding those who reject lobbyist money, fight for working families,& welcome newcomers,” she wrote on Twitter, making no mention of the fact that half of all donations go to her own campaign.> The rumors are true. Today we’re announcing the Courage to Change PAC - and we need your help.> > We are pushing the envelope in DC by rewarding those who reject lobbyist money, fight for working families,& welcome newcomers.> > Change takes courage. Let’s go: https://t.co/F01JmYaR7w> > -- Alexandria Ocasio-Cortez (@AOC) January 11, 2020Her campaign echoed the message. “We’re paving a different path,” it wrote in its first fundraising email. “The DCCC has been an entrenched tool in a system that blocks working-class candidates from running for office, and protects out of touch incumbents.”The PAC’s website says its goal is to “elect working-class champions who have lived the hardships we seek to eliminate — people who have experienced racial, economic, environmental, or social injustice firsthand.”In fine print, it notes that donations will be split evenly between Ocasio-Cortez and the PAC’s war chest, while an additional option allows for one to change the allocation, but not eliminate it.The Washington Post reported that as of Sunday afternoon, the PAC raised more than $107,000 from over 7,300 contributions since its launch on Saturday, potentially bringing in over $50,000 to Ocasio-Cortez’s own campaign.“There is a robust infrastructure set up to maintain and defend the Democratic majority, and to support moderate Democrats, and often that infrastructure is running against progressives in blue districts,” said campaign spokesman Corbin Trent. “So what we’re looking to do is to make sure that progressive candidates and incumbents have the support that they need to back policies that are going to improve the lives of everyday Americans.”Ocasio-Cortez’s campaign raised nearly $150,000 over the weekend, according to data it provided to the Post.In the third quarter, Ocasio-Cortez raked in over $1.4 million, the most of any Democrat in the House.

    Alexandria Ocasio-Cortez’s creation of a new progressive PAC to “elect working-class champions who have lived the hardships we seek to eliminate” funnels half of every donation to her own campaign.After accusing the Democratic Congressional Campaign Committee of “blacklisting” progressive candidates and refusing to pay $250,000 in dues to the organization, Ocasio-Cortez (D., N.Y.) framed the “Courage to Change” PAC as a progressive alternative to the DCCC.“We are pushing the envelope in DC by rewarding those who reject lobbyist money, fight for working families,& welcome newcomers,” she wrote on Twitter, making no mention of the fact that half of all donations go to her own campaign.> The rumors are true. Today we’re announcing the Courage to Change PAC - and we need your help.> > We are pushing the envelope in DC by rewarding those who reject lobbyist money, fight for working families,& welcome newcomers.> > Change takes courage. Let’s go: https://t.co/F01JmYaR7w> > -- Alexandria Ocasio-Cortez (@AOC) January 11, 2020Her campaign echoed the message. “We’re paving a different path,” it wrote in its first fundraising email. “The DCCC has been an entrenched tool in a system that blocks working-class candidates from running for office, and protects out of touch incumbents.”The PAC’s website says its goal is to “elect working-class champions who have lived the hardships we seek to eliminate — people who have experienced racial, economic, environmental, or social injustice firsthand.”In fine print, it notes that donations will be split evenly between Ocasio-Cortez and the PAC’s war chest, while an additional option allows for one to change the allocation, but not eliminate it.The Washington Post reported that as of Sunday afternoon, the PAC raised more than $107,000 from over 7,300 contributions since its launch on Saturday, potentially bringing in over $50,000 to Ocasio-Cortez’s own campaign.“There is a robust infrastructure set up to maintain and defend the Democratic majority, and to support moderate Democrats, and often that infrastructure is running against progressives in blue districts,” said campaign spokesman Corbin Trent. “So what we’re looking to do is to make sure that progressive candidates and incumbents have the support that they need to back policies that are going to improve the lives of everyday Americans.”Ocasio-Cortez’s campaign raised nearly $150,000 over the weekend, according to data it provided to the Post.In the third quarter, Ocasio-Cortez raked in over $1.4 million, the most of any Democrat in the House.


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  • 44/81   Experts made safe two WWII bombs in Germany
    POLITICS TOPIC NEWS

    Two World War II-era bombs were made safe in the western German city of Dortmund after about 14,000 people were evacuated, the city said Sunday. Officials there warned on Saturday that unexploded bombs dropped by Allied forces during the war might be buried in four sites in a heavily populated part of the city center.

    Two World War II-era bombs were made safe in the western German city of Dortmund after about 14,000 people were evacuated, the city said Sunday. Officials there warned on Saturday that unexploded bombs dropped by Allied forces during the war might be buried in four sites in a heavily populated part of the city center.


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  • 45/81   Death row inmate requests execution by firing squad instead of lethal injection
    POLITICS TOPIC NEWS

    A man on death row has filed a lawsuit in an effort to have himself executed by firing squad, rather than lethal injection.Michael Wade Nance, who shot and killed a man during a botched bank robbery in 1993, is due to be killed shortly.

    A man on death row has filed a lawsuit in an effort to have himself executed by firing squad, rather than lethal injection.Michael Wade Nance, who shot and killed a man during a botched bank robbery in 1993, is due to be killed shortly.


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  • 46/81   Stunning photos show a huge volcanic eruption in the Philippines spewing smoke and ash into the sky, as experts warn of a possible tsunami
    POLITICS TOPIC NEWS

    Authorities in the Philippines have estimated 450,000 people are in the 14 km danger zone surrounding the Taal volcano.

    Authorities in the Philippines have estimated 450,000 people are in the 14 km danger zone surrounding the Taal volcano.


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  • 47/81   6 Democratic Candidates Will Face Off in the Last Debate Before the Iowa Caucuses. Here's What to Know
    POLITICS TOPIC NEWS

    The first debate of 2020 will take place in Des Moines on Jan. 14 ahead of the Iowa Caucus. Here’s what to expect.

    The first debate of 2020 will take place in Des Moines on Jan. 14 ahead of the Iowa Caucus. Here’s what to expect.


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  • 48/81   'I wished I was on that plane': Iranian general apologizes; missiles pound Iraq base. What we know now
    POLITICS TOPIC NEWS

    Fallout from Iran-U.S. tensions intensified Sunday as missiles pounded an Iraqi air base hosting U.S. troops.

    Fallout from Iran-U.S. tensions intensified Sunday as missiles pounded an Iraqi air base hosting U.S. troops.


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  • 49/81   Supreme Court rejects appeal in texting suicide case
    POLITICS TOPIC NEWS

    The Supreme Court on Monday left in place the conviction of a Massachusetts woman who sent her boyfriend text messages urging him to kill himself.  Michelle Carter is serving a 15-month sentence after being convicted of involuntary manslaughter in the 2014 death of her boyfriend, Conrad Roy III. A judge determined that Carter, who was 17, caused the death of the 18-year-old Roy when she ordered him in a phone call to get back in his carbon monoxide-filled truck that he'd parked in a Kmart parking lot.  The phone call wasn't recorded, but the judge relied on a text Carter sent her friend in which she said she told Roy to get back in.

    The Supreme Court on Monday left in place the conviction of a Massachusetts woman who sent her boyfriend text messages urging him to kill himself. Michelle Carter is serving a 15-month sentence after being convicted of involuntary manslaughter in the 2014 death of her boyfriend, Conrad Roy III. A judge determined that Carter, who was 17, caused the death of the 18-year-old Roy when she ordered him in a phone call to get back in his carbon monoxide-filled truck that he'd parked in a Kmart parking lot. The phone call wasn't recorded, but the judge relied on a text Carter sent her friend in which she said she told Roy to get back in.


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  • 50/81   First case of mystery SARS-like virus found outside China
    POLITICS TOPIC NEWS

    A new virus from the same family as the deadly SARS disease has spread beyond China's borders for the first time with a case emerging in Thailand, UN and Thai officials said on Monday.  Thai doctors diagnosed a Chinese traveller with mild pneumonia on January 8 later confirmed to have been caused by the so-called novel coronavirus -- which has already given rise to 41 pneumonia-like cases and one death in China.  The outbreak has caused alarm because of the link with SARS (Sudden Acute Respiratory Syndrome), which killed 349 people in mainland China and another 299 in Hong Kong in 2002-2003.

    A new virus from the same family as the deadly SARS disease has spread beyond China's borders for the first time with a case emerging in Thailand, UN and Thai officials said on Monday. Thai doctors diagnosed a Chinese traveller with mild pneumonia on January 8 later confirmed to have been caused by the so-called novel coronavirus -- which has already given rise to 41 pneumonia-like cases and one death in China. The outbreak has caused alarm because of the link with SARS (Sudden Acute Respiratory Syndrome), which killed 349 people in mainland China and another 299 in Hong Kong in 2002-2003.


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  • 51/81   Here's Why George Patton Sent American Bombers To Attack A Hawaiian Volcano
    POLITICS TOPIC NEWS

    A crazy plan.

    A crazy plan.


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  • 52/81   Young stars at the edge of the Milky Way appear to have come from 2 nearby galaxies. That means a galactic collision could happen sooner than predicted.
    SCIENCE TOPIC NEWS

    The arrival of new stars from other galaxies heralds a collision. But it could help the Milky Way "thrive," according to a physicist.

    The arrival of new stars from other galaxies heralds a collision. But it could help the Milky Way "thrive," according to a physicist.


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  • 53/81   A meteor that struck Australia brought indestructible stardust more ancient than the sun. It's the oldest solid material ever found on Earth.
    SCIENCE TOPIC NEWS

    In 1969, a meteorite broke into pieces above Murchison, Australia. The fragments contain grains of stardust up to 7 billion years old.

    In 1969, a meteorite broke into pieces above Murchison, Australia. The fragments contain grains of stardust up to 7 billion years old.


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  • 54/81   Meet Yusaku Maezawa, the Japanese billionaire giving away $9 million on Twitter and looking for a 'female partner' to fly to the moon with him and Elon Musk
    SCIENCE TOPIC NEWS

    Maezawa says the giveaway is a "social experiment" to see if the money would make his followers happier.

    Maezawa says the giveaway is a "social experiment" to see if the money would make his followers happier.


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  • 55/81   Analysis: Boeing’s new CEO plays it safe — but more will be needed to get the company flying right
    SCIENCE TOPIC NEWS

    Veteran aerospace executive David Calhoun took the reins as Boeing's CEO today, telling employees in a company-wide email that his top priorities are to get the 737 MAX flying again and restore confidence in the troubled aerospace giant. It was just the kind of email you'd expect Calhoun to send — and that's the problem. In the midst of what's likely to be a yearlong grounding of Boeing's most widely sold airplane, questions about other airplane programs ranging from the 777X to the yet-to-be-announced 797, and a setback to Boeing's CST-100 Starliner space taxi project for NASA, bolder action will… Read More

    Veteran aerospace executive David Calhoun took the reins as Boeing's CEO today, telling employees in a company-wide email that his top priorities are to get the 737 MAX flying again and restore confidence in the troubled aerospace giant. It was just the kind of email you'd expect Calhoun to send — and that's the problem. In the midst of what's likely to be a yearlong grounding of Boeing's most widely sold airplane, questions about other airplane programs ranging from the 777X to the yet-to-be-announced 797, and a setback to Boeing's CST-100 Starliner space taxi project for NASA, bolder action will… Read More


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  • 56/81   How's Your Internship Going? This Teen Found a Planet
    SCIENCE TOPIC NEWS

    The summer before senior year of high school can be a stressful time for a teenager. Childhood is winding down. College applications loom large. Many students are looking for an edge that will help them get into the right school. Last year, Wolf Cukier, 17, spent his summer vacation as few other rising seniors have: He helped discover a planet.Meet TOI 1338 b, the newly identified world orbiting two stars more than 1,300 light years away.Last July, just after he finished his junior year at Scarsdale High School in Scarsdale, New York, Wolf started an internship at NASA's Goddard Space Flight Center in Greenbelt, Maryland. His job was to scrutinize data that had been beamed back from outer space by TESS, or the Transiting Exoplanet Survey Satellite.A unique aspect of the TESS project is that it invites regular people to volunteer to watch the online transmission for patterns in star brightness that might suggest the existence of a new planet, a sort of crowdsourcing of the universe.During the first week of the internship, as he sifted through data that had been flagged by citizen-scientists, he zeroed in on a system that included two orbiting stars. He identified a body in that system that was later verified as a planet about 6.9 times as large as Earth. His colleagues gave the system a name, TOI 1338, an acronym for TESS Object of Interest, and then called the planet TOI 1338 b."It was awesome," Wolf said in an interview on Friday. "I never expected to find anything. The fact that I found something is cool, and seeing the scientific process and how many people have to work to verify the planet, and techniques for things like that, it is awesome."Wolf had come a long way from peering through the telescope in his room at home in Scarsdale, where light pollution has made it difficult to detect stars.On Monday, scientists involved with the TESS project announced the verification at the American Astronomical Society in Honolulu. It is the first time that the TESS project has discovered a circumbinary planet, which is a planet orbiting two stars, since the two-year program was started in April 2018, a NASA statement said.So far, TOI 1338 b is the only known planet in the system. While NASA's Kepler and K2 missions have previously discovered 12 circumbinary planets, many more of them are expected to be discovered by TESS, the NASA statement said.There is inarguably plenty of space out there to do so."Throughout all of its images, TESS is monitoring millions of stars," said Adina Feinstein, a graduate student at the University of Chicago who was a co-author of the research paper, in the statement.TESS's four cameras, which each capture an image of a patch of sky every 30 minutes, enable scientists to make graphs of changes in the brightness of stars.Any dip in the brightness of a single star is a good indication that a planet has crossed in front of it. But TOI 1338 b was particularly elusive because it involved two stars -- a large star where the planet's transit was easy to detect, and a smaller one where the planet's transit was so small it was not observable.That was where Wolf came in. He initially thought the transit that was later identified as belonging to TOI 1338 b was the smaller star passing in front of the larger one. But the timing seemed off for an eclipse, and Wolf suspected there might be the existence of a planet.The human eye is extremely good at finding such patterns in data, said Veselin Kostov, Wolf's mentor and a research scientist at the SETI Institute and Goddard."These are the types of signals that algorithms really struggle with," he said in the statement.Wolf consulted on his find with his mentor, and a verification process began using archival data from earlier surveys of the system that later became known as TOI 1338. The scientists also enlisted a software package called eleanor -- named after Eleanor Arroway, the central character in Carl Sagan's novel "Contact" -- to confirm the transits were real and not a result of instrumental artifacts, the statement said.Wolf plans to study astrophysics when he starts college in September, he said (he hasn't decided where just yet). He said he was humbled by his contribution to the discovery of the new world, emphasizing the team work in the verification process."We identified a promising candidate," he said. "You can't be arrogant. It is a planet, insofar as we can claim any other exoplanet, pretty much."Has he bragged much about the discovery? Not really.It "just doesn't come up in small talk," he said.This article originally appeared in The New York Times.(C) 2020 The New York Times Company

    The summer before senior year of high school can be a stressful time for a teenager. Childhood is winding down. College applications loom large. Many students are looking for an edge that will help them get into the right school. Last year, Wolf Cukier, 17, spent his summer vacation as few other rising seniors have: He helped discover a planet.Meet TOI 1338 b, the newly identified world orbiting two stars more than 1,300 light years away.Last July, just after he finished his junior year at Scarsdale High School in Scarsdale, New York, Wolf started an internship at NASA's Goddard Space Flight Center in Greenbelt, Maryland. His job was to scrutinize data that had been beamed back from outer space by TESS, or the Transiting Exoplanet Survey Satellite.A unique aspect of the TESS project is that it invites regular people to volunteer to watch the online transmission for patterns in star brightness that might suggest the existence of a new planet, a sort of crowdsourcing of the universe.During the first week of the internship, as he sifted through data that had been flagged by citizen-scientists, he zeroed in on a system that included two orbiting stars. He identified a body in that system that was later verified as a planet about 6.9 times as large as Earth. His colleagues gave the system a name, TOI 1338, an acronym for TESS Object of Interest, and then called the planet TOI 1338 b."It was awesome," Wolf said in an interview on Friday. "I never expected to find anything. The fact that I found something is cool, and seeing the scientific process and how many people have to work to verify the planet, and techniques for things like that, it is awesome."Wolf had come a long way from peering through the telescope in his room at home in Scarsdale, where light pollution has made it difficult to detect stars.On Monday, scientists involved with the TESS project announced the verification at the American Astronomical Society in Honolulu. It is the first time that the TESS project has discovered a circumbinary planet, which is a planet orbiting two stars, since the two-year program was started in April 2018, a NASA statement said.So far, TOI 1338 b is the only known planet in the system. While NASA's Kepler and K2 missions have previously discovered 12 circumbinary planets, many more of them are expected to be discovered by TESS, the NASA statement said.There is inarguably plenty of space out there to do so."Throughout all of its images, TESS is monitoring millions of stars," said Adina Feinstein, a graduate student at the University of Chicago who was a co-author of the research paper, in the statement.TESS's four cameras, which each capture an image of a patch of sky every 30 minutes, enable scientists to make graphs of changes in the brightness of stars.Any dip in the brightness of a single star is a good indication that a planet has crossed in front of it. But TOI 1338 b was particularly elusive because it involved two stars -- a large star where the planet's transit was easy to detect, and a smaller one where the planet's transit was so small it was not observable.That was where Wolf came in. He initially thought the transit that was later identified as belonging to TOI 1338 b was the smaller star passing in front of the larger one. But the timing seemed off for an eclipse, and Wolf suspected there might be the existence of a planet.The human eye is extremely good at finding such patterns in data, said Veselin Kostov, Wolf's mentor and a research scientist at the SETI Institute and Goddard."These are the types of signals that algorithms really struggle with," he said in the statement.Wolf consulted on his find with his mentor, and a verification process began using archival data from earlier surveys of the system that later became known as TOI 1338. The scientists also enlisted a software package called eleanor -- named after Eleanor Arroway, the central character in Carl Sagan's novel "Contact" -- to confirm the transits were real and not a result of instrumental artifacts, the statement said.Wolf plans to study astrophysics when he starts college in September, he said (he hasn't decided where just yet). He said he was humbled by his contribution to the discovery of the new world, emphasizing the team work in the verification process."We identified a promising candidate," he said. "You can't be arrogant. It is a planet, insofar as we can claim any other exoplanet, pretty much."Has he bragged much about the discovery? Not really.It "just doesn't come up in small talk," he said.This article originally appeared in The New York Times.(C) 2020 The New York Times Company


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  • 57/81   Residents of San Francisco's Treasure Island believe nuclear contamination has made them sick for years. The site is getting 8,000 new homes.
    SCIENCE TOPIC NEWS

    A developer is planning to build 8,000 residential units on Treasure Island, a formal Naval site that once hosted nuclear-training exercises.

    A developer is planning to build 8,000 residential units on Treasure Island, a formal Naval site that once hosted nuclear-training exercises.


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  • 58/81   NASA kicks off a new space tradition with glitzy astronaut graduation ceremony
    SCIENCE TOPIC NEWS

    Over the course of six decades, NASA has celebrated the selection of its astronauts in groups ranging from the Mercury 7 of 1959 to the Turtles of 2017 — but there's never been much of a public celebration for their graduation from astronaut training. Until today. The 11 astronaut candidates selected in 2017, plus two Canadian astronauts who joined them in training, received a grand send-off at Johnson Space Center in Texas from NASA Administrator Jim Bridenstine and other VIPs to mark their eligibility for assignment to future space missions. NASA raised the graduation ceremony's public profile in part to… Read More

    Over the course of six decades, NASA has celebrated the selection of its astronauts in groups ranging from the Mercury 7 of 1959 to the Turtles of 2017 — but there's never been much of a public celebration for their graduation from astronaut training. Until today. The 11 astronaut candidates selected in 2017, plus two Canadian astronauts who joined them in training, received a grand send-off at Johnson Space Center in Texas from NASA Administrator Jim Bridenstine and other VIPs to mark their eligibility for assignment to future space missions. NASA raised the graduation ceremony's public profile in part to… Read More


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  • 59/81   One of the biggest meteorite crashes in Earth's history flung debris across 3 continents 800,000 years ago. Scientists finally found the crater.
    SCIENCE TOPIC NEWS

    Scientists may have solved the geological mystery of what happened to an 800-year-old meteorite that blanketed 10% of the Earth in debris.

    Scientists may have solved the geological mystery of what happened to an 800-year-old meteorite that blanketed 10% of the Earth in debris.


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  • 60/81   A full-scale nuclear winter would trigger a global famine. A disaster expert put together a doomsday diet to save humanity.
    SCIENCE TOPIC NEWS

    Disaster planner David Denkenberger suggests eating foods that can grow without much light, like mushrooms and seaweed.

    Disaster planner David Denkenberger suggests eating foods that can grow without much light, like mushrooms and seaweed.


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  • 61/81   Dispensed: What we're looking out for at the biggest healthcare investor conference, One Medical's going public, and biotech surprises
    SCIENCE TOPIC NEWS

    In this week's newsletter, a look at what we'll be watching out for at the biggest healthcare industry conference of the year.

    In this week's newsletter, a look at what we'll be watching out for at the biggest healthcare industry conference of the year.


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  • 62/81   Trump Admin Walks Back Anti-MEK Memo
    WORLD TOPIC NEWS

    At whiplash speed, the State Department is walking back an order barring American diplomats from meeting with controversial Iranian dissident groups—including one close with Trump World allies and previously designated as a terror group, the Mujahedeen-e-Khalq (MEK). The initial memo, greenlit by a career State Department employee, angered Congressional Iran hawks. And the Department’s move to change its guidance has drawn cheers from them. The first memo, first reported by Bloomberg and reviewed by The Daily Beast, included sober warnings against meeting with the MEK, pointing to its terrorist past and saying most everyday Iranians have a low view of the group. The memo also warned about interactions with the Democratic Party of Iranian Kurdistan, highlighting its attacks on Iranian military targets; and directed diplomats to get permission from State Department headquarters before meeting with members of an Azeri separatist group. Secretary of State Mike Pompeo sent out the memo on January 7, and it cautioned that meetings with these groups could undermine U.S. efforts to reach a deal with Tehran. Joey Hood, a senior career State Department official, approved the memo, according to the document The Daily Beast reviewed. But now, the memo is being overridden. The Daily Beast obtained a cable, sent to U.S. diplomats Sunday night, superseding the week-old directive. “Posts should welcome opportunities to meet with and learn from members of the Iranian diaspora community,” said the cable, which explicitly noted it “supersedes” the January 7 missive. “After 40 years of repression and violence at the hands of the Ayatollahs, the Iranian people’s pride in their history has not diminished nor has their resolve to celebrate it in the face of the Islamic republic’s abuses.” Rudy Giuliani Calls Former Iranian Terrorists ‘My People’The cable went on to say that U.S. diplomats should consider hosting members of the diaspora for “Persian cultural events,” while noting that “not all Iranian opposition groups’ interests and objectives align with U.S. policy priorities.” “While it is up to the Iranian people to determine the future course of their nation, the United States will continue to stand with them and echo their calls for justice and accountability,” the cable said.While the new memo did not mention MEK or the other groups, it said diplomats should simply “use good judgement when receiving invitations or meeting with opposition groups” and should raise questions and concerns with senior State officials––an apparent revocation of the order that they only take such meetings with Foggy Bottom’s explicit approval. State Department spokespersons did not respond to multiple requests for comment on the cable.Trump lawyer Rudy Giuliani—who the MEK hired to help it get off the U.S. list of foreign terrorist groups and who recently called the group “my MEK people”—welcomed the reversal. “[The MEK] is very supportive of a free…Iraq. It’s run by a great woman who is committed to ending suppression of women and in a non-nuclear Iran,” the president’s personal lawyer messaged The Daily Beast. “They were of great assistance to us during [the] Iraq invasion and are supported by a very non-partisan group of American former and present public officials.”The MEK is close with several other hawkish Trumpworld figures, including retired Gen. Jack Keane and former National Security Adviser John Bolton. Former Attorney General Michael Mukasey, Giuliani’s longtime friend and former law partner, is a pro bono adviser to the group’s political wing. The group has a controversial past. For, among other things, its alleged role in assassinating three U.S. Army officers and three more civilian contractors, the MEK found itself on the American government’s official list of foreign terrorist organizations. It’s also been accused of acting as a death squad for the late Iraqi dictator Saddam Hussein. A 2009 Rand Corporation paper described the MEK’s “near-religious devotion to [its leaders], public self-deprecation sessions, mandatory divorce, celibacy, enforced separation from family and friends, and gender segregation.” The group and its allies vehemently deny all these charges. The fast-paced walk-back came after the initial State Department memo drew ire from Congressional Iran hawks. One noted that the memo went out to diplomats just days after a U.S. strike killed Soleimani, and as senior political officials at the State Department were presumably bracing for Tehran’s retaliation. “It’s a pretty significant 180 for State,” said Christian Whiton, formerly a senior advisor to the Department under Presidents Trump and George W. Bush. “Even if it’s worded diplomatically, it’s not that common to have something issued and then rescinded almost immediately. And I think it just goes to show that the original statement was something done at a junior level that didn’t have support or buy-in from senior political officials.”It was the second time in recent months that Hood, the career official who greenlit the memo, angered Hill hawks. In Congressional testimony on December 4, he had a tense exchange with Sen. Ted Cruz about funding for the Lebanese government and whether that money went to Hezbollah. A transcript of the hearing indicates that Hood laughed in response to a question from Cruz; the episode left raw nerves. “They’re undermining the president’s policy when nobody’s watching,” said a Hill staffer for member pushing for a tougher policy toward Iran. Others, meanwhile, pointed to the reversal as the latest struggle by the Trump administration to clearly explain its stance on conflict with Iran. A Congressional staffer working on Iran policy and who favored the reversal noted that it comes as the administration has sent mixed messages on the legal basis for the Soleimani strike and the number of U.S. embassies threatened by Iranian-allied Shiite militias. “I think there’s a lot of fog of war-type messages that have come out,” said the staffer, who spoke anonymously to discuss the sensitive matter. “I think there’s still a lot of fog of war.”The State Department reversal, as reflected in the cable, comes as Pompeo and other U.S. officials, including Defense Secretary Mark Esper, have struggled to publicly articulate the U.S.’ next steps after killing Soleimani and to reconcile their accounts of the intelligence that precipitated that strike.For years, the Trump administration had maintained a campaign of “maximum pressure,” leveling crippling sanctions on Iran’s economy in an effort to re-open talks with Tehran on a nuclear deal. Since the Soleimani strike, Trump administration officials have struggled to define the administration’s Iran policy. Some have said the maximum pressure campaign always included a military option. Others say the U.S. has long communicated to the Iranians that if Tehran killed Americans, there would be military consequences.Now, it seems, the State Department is shifting its thinking on how to approach Iran on a diplomatic level following the Soleimani strike. In the hours immediately following the assasination, U.S. officials, in an attempt to de-escalate, described the hit as a warning and insisted that America was still interested in working with Iran on conversations about the nuclear deal. The U.S. special representative for Iran Brian Hook appeared on BBC World, saying that killing Soleimani was designed to “advance the cause of peace.” Sunday’s cable, meanwhile, will cheer Iran hawks––and frustrate Obama administration alums.“There are at least two problems with this reversal,” said Jarrett Blanc, a former Obama administration official who worked on Iran policy. “The first is that the policy is wrong. U.S. diplomats should not be meeting with MEK or its affiliates. They represent a dangerous cult. We should avoid all the mistakes of the Iraq war including being hoodwinked by purported diaspora opposition with no links at home. The second problem is that it reflects the total incompetence and chaos of this administration’s policy making —to send out an instruction and less than a week later countermand it. They just don’t know what they are doing.”For years in the United States, lobbyists and advocates for the MEK have operated an aggressive, sustained, and successful campaign to have the group removed from the State Department’s terror list, a move that was finalized in the Obama era. The organization’s stateside backers also include Democratic figures such as retired Gen. Wesley Clark and Howard Dean, as well as attorneys Victoria Toensing and Joseph diGenova, two informal legal advisers to Trump.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

    At whiplash speed, the State Department is walking back an order barring American diplomats from meeting with controversial Iranian dissident groups—including one close with Trump World allies and previously designated as a terror group, the Mujahedeen-e-Khalq (MEK). The initial memo, greenlit by a career State Department employee, angered Congressional Iran hawks. And the Department’s move to change its guidance has drawn cheers from them. The first memo, first reported by Bloomberg and reviewed by The Daily Beast, included sober warnings against meeting with the MEK, pointing to its terrorist past and saying most everyday Iranians have a low view of the group. The memo also warned about interactions with the Democratic Party of Iranian Kurdistan, highlighting its attacks on Iranian military targets; and directed diplomats to get permission from State Department headquarters before meeting with members of an Azeri separatist group. Secretary of State Mike Pompeo sent out the memo on January 7, and it cautioned that meetings with these groups could undermine U.S. efforts to reach a deal with Tehran. Joey Hood, a senior career State Department official, approved the memo, according to the document The Daily Beast reviewed. But now, the memo is being overridden. The Daily Beast obtained a cable, sent to U.S. diplomats Sunday night, superseding the week-old directive. “Posts should welcome opportunities to meet with and learn from members of the Iranian diaspora community,” said the cable, which explicitly noted it “supersedes” the January 7 missive. “After 40 years of repression and violence at the hands of the Ayatollahs, the Iranian people’s pride in their history has not diminished nor has their resolve to celebrate it in the face of the Islamic republic’s abuses.” Rudy Giuliani Calls Former Iranian Terrorists ‘My People’The cable went on to say that U.S. diplomats should consider hosting members of the diaspora for “Persian cultural events,” while noting that “not all Iranian opposition groups’ interests and objectives align with U.S. policy priorities.” “While it is up to the Iranian people to determine the future course of their nation, the United States will continue to stand with them and echo their calls for justice and accountability,” the cable said.While the new memo did not mention MEK or the other groups, it said diplomats should simply “use good judgement when receiving invitations or meeting with opposition groups” and should raise questions and concerns with senior State officials––an apparent revocation of the order that they only take such meetings with Foggy Bottom’s explicit approval. State Department spokespersons did not respond to multiple requests for comment on the cable.Trump lawyer Rudy Giuliani—who the MEK hired to help it get off the U.S. list of foreign terrorist groups and who recently called the group “my MEK people”—welcomed the reversal. “[The MEK] is very supportive of a free…Iraq. It’s run by a great woman who is committed to ending suppression of women and in a non-nuclear Iran,” the president’s personal lawyer messaged The Daily Beast. “They were of great assistance to us during [the] Iraq invasion and are supported by a very non-partisan group of American former and present public officials.”The MEK is close with several other hawkish Trumpworld figures, including retired Gen. Jack Keane and former National Security Adviser John Bolton. Former Attorney General Michael Mukasey, Giuliani’s longtime friend and former law partner, is a pro bono adviser to the group’s political wing. The group has a controversial past. For, among other things, its alleged role in assassinating three U.S. Army officers and three more civilian contractors, the MEK found itself on the American government’s official list of foreign terrorist organizations. It’s also been accused of acting as a death squad for the late Iraqi dictator Saddam Hussein. A 2009 Rand Corporation paper described the MEK’s “near-religious devotion to [its leaders], public self-deprecation sessions, mandatory divorce, celibacy, enforced separation from family and friends, and gender segregation.” The group and its allies vehemently deny all these charges. The fast-paced walk-back came after the initial State Department memo drew ire from Congressional Iran hawks. One noted that the memo went out to diplomats just days after a U.S. strike killed Soleimani, and as senior political officials at the State Department were presumably bracing for Tehran’s retaliation. “It’s a pretty significant 180 for State,” said Christian Whiton, formerly a senior advisor to the Department under Presidents Trump and George W. Bush. “Even if it’s worded diplomatically, it’s not that common to have something issued and then rescinded almost immediately. And I think it just goes to show that the original statement was something done at a junior level that didn’t have support or buy-in from senior political officials.”It was the second time in recent months that Hood, the career official who greenlit the memo, angered Hill hawks. In Congressional testimony on December 4, he had a tense exchange with Sen. Ted Cruz about funding for the Lebanese government and whether that money went to Hezbollah. A transcript of the hearing indicates that Hood laughed in response to a question from Cruz; the episode left raw nerves. “They’re undermining the president’s policy when nobody’s watching,” said a Hill staffer for member pushing for a tougher policy toward Iran. Others, meanwhile, pointed to the reversal as the latest struggle by the Trump administration to clearly explain its stance on conflict with Iran. A Congressional staffer working on Iran policy and who favored the reversal noted that it comes as the administration has sent mixed messages on the legal basis for the Soleimani strike and the number of U.S. embassies threatened by Iranian-allied Shiite militias. “I think there’s a lot of fog of war-type messages that have come out,” said the staffer, who spoke anonymously to discuss the sensitive matter. “I think there’s still a lot of fog of war.”The State Department reversal, as reflected in the cable, comes as Pompeo and other U.S. officials, including Defense Secretary Mark Esper, have struggled to publicly articulate the U.S.’ next steps after killing Soleimani and to reconcile their accounts of the intelligence that precipitated that strike.For years, the Trump administration had maintained a campaign of “maximum pressure,” leveling crippling sanctions on Iran’s economy in an effort to re-open talks with Tehran on a nuclear deal. Since the Soleimani strike, Trump administration officials have struggled to define the administration’s Iran policy. Some have said the maximum pressure campaign always included a military option. Others say the U.S. has long communicated to the Iranians that if Tehran killed Americans, there would be military consequences.Now, it seems, the State Department is shifting its thinking on how to approach Iran on a diplomatic level following the Soleimani strike. In the hours immediately following the assasination, U.S. officials, in an attempt to de-escalate, described the hit as a warning and insisted that America was still interested in working with Iran on conversations about the nuclear deal. The U.S. special representative for Iran Brian Hook appeared on BBC World, saying that killing Soleimani was designed to “advance the cause of peace.” Sunday’s cable, meanwhile, will cheer Iran hawks––and frustrate Obama administration alums.“There are at least two problems with this reversal,” said Jarrett Blanc, a former Obama administration official who worked on Iran policy. “The first is that the policy is wrong. U.S. diplomats should not be meeting with MEK or its affiliates. They represent a dangerous cult. We should avoid all the mistakes of the Iraq war including being hoodwinked by purported diaspora opposition with no links at home. The second problem is that it reflects the total incompetence and chaos of this administration’s policy making —to send out an instruction and less than a week later countermand it. They just don’t know what they are doing.”For years in the United States, lobbyists and advocates for the MEK have operated an aggressive, sustained, and successful campaign to have the group removed from the State Department’s terror list, a move that was finalized in the Obama era. The organization’s stateside backers also include Democratic figures such as retired Gen. Wesley Clark and Howard Dean, as well as attorneys Victoria Toensing and Joseph diGenova, two informal legal advisers to Trump.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.


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  • 63/81   U.S. commander: Iranian missile attack designed to 'inflict as many casualties as possible'
    WORLD TOPIC NEWS

    U.S. commanders at the Ain al-Asad air base in western Iraq do not think that last week's attacks by Iran were only meant to scare people."These were designed and organized to inflict as many casualties as possible," Lt. Col Tim Garland, Commander of Task Force Jazeera, told The Washington Post. Iran launched more than a dozen ballistic missiles, targeting al-Asad and a second base in northern Iraq. The bases house U.S. troops, and were already on high alert after Iran promised to exact revenge for President Trump authorizing an airstrike that killed Iranian Maj. Gen. Qassem Soleimani.The base was told late Tuesday that it should expect an attack from Iran, and went into lockdown. Troops moved into underground bunkers and shelters, while some remained outside to man the perimeter, due to fears there could be also be a ground assault. The strikes came in waves, the Post reports, with up to 15 minutes between each one, and troops felt the shock waves in the air. Two soldiers in a tower were thrown through a window, commanders said, and ultimately several dozen troops were treated for concussion.The barrage lasted more than 90 minutes, and when day broke, officials were able to fully assess the damage. Prefabricated buildings were mangled and living quarters and a helicopter launch site were damaged. There were no deaths, and Lt. Col. Staci Coleman told the Post it was "miraculous" that no one was seriously injured. Read more at The Washington Post.More stories from theweek.com  More sources are confirming Sanders told Warren a woman can't be president, saying they heard it directly from Warren  Bernie Sanders fires back on CNN report saying he told Elizabeth Warren a woman can't be president: 'Ludicrous'  White House expects Republican senators to join Democrats in vote to call impeachment witnesses

    U.S. commanders at the Ain al-Asad air base in western Iraq do not think that last week's attacks by Iran were only meant to scare people."These were designed and organized to inflict as many casualties as possible," Lt. Col Tim Garland, Commander of Task Force Jazeera, told The Washington Post. Iran launched more than a dozen ballistic missiles, targeting al-Asad and a second base in northern Iraq. The bases house U.S. troops, and were already on high alert after Iran promised to exact revenge for President Trump authorizing an airstrike that killed Iranian Maj. Gen. Qassem Soleimani.The base was told late Tuesday that it should expect an attack from Iran, and went into lockdown. Troops moved into underground bunkers and shelters, while some remained outside to man the perimeter, due to fears there could be also be a ground assault. The strikes came in waves, the Post reports, with up to 15 minutes between each one, and troops felt the shock waves in the air. Two soldiers in a tower were thrown through a window, commanders said, and ultimately several dozen troops were treated for concussion.The barrage lasted more than 90 minutes, and when day broke, officials were able to fully assess the damage. Prefabricated buildings were mangled and living quarters and a helicopter launch site were damaged. There were no deaths, and Lt. Col. Staci Coleman told the Post it was "miraculous" that no one was seriously injured. Read more at The Washington Post.More stories from theweek.com More sources are confirming Sanders told Warren a woman can't be president, saying they heard it directly from Warren Bernie Sanders fires back on CNN report saying he told Elizabeth Warren a woman can't be president: 'Ludicrous' White House expects Republican senators to join Democrats in vote to call impeachment witnesses


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  • 64/81   Family of Canadian who died in Iran-downed jetliner shares its grief
    WORLD TOPIC NEWS

    Pain mixed with anger -- an Iranian-Canadian student who lost his mother when Iran shot down a Ukrainian jetliner with 57 Canadian nationals onboard shares his grief.  'Once you start to cope with the sorrow a little bit, then came the tragic news that it was downed by a missile, and it was almost as if she died again,' Amirali Alavi told AFP.  'Thinking how it could have been avoided, how somebody's responsible for it,' the 27-year-old Toronto law student said it made him furious and inconsolable.

    Pain mixed with anger -- an Iranian-Canadian student who lost his mother when Iran shot down a Ukrainian jetliner with 57 Canadian nationals onboard shares his grief. 'Once you start to cope with the sorrow a little bit, then came the tragic news that it was downed by a missile, and it was almost as if she died again,' Amirali Alavi told AFP. 'Thinking how it could have been avoided, how somebody's responsible for it,' the 27-year-old Toronto law student said it made him furious and inconsolable.


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  • 65/81   Johnson’s Next Brexit Fight Looms on EU’s Fishing Access Demands
    WORLD TOPIC NEWS

    (Bloomberg) -- British Prime Minister Boris Johnson faces his first battle of the next stage of Brexit, after the European Commission warned that a trade deal this year must include a fisheries accord.“Existing reciprocal access to fishing waters and resources should be maintained,” the EU’s executive arm said in a presentation to the bloc’s remaining governments. Any trade deal must be “underpinned by level playing field and with a fisheries agreement,” the Commission said in the document, which was discussed among EU diplomats preparing for the post-Brexit negotiations and published on Monday.One EU diplomat said this is the first time Brussels has made a fishing accord a pre-condition for a trade agreement. The demand risks triggering a backlash in London: Johnson told the commission’s chief last week that Britain plans to reassert control over its fishing waters after Brexit.The prime minister’s office was quick to fire back Monday night, issuing a blunt statement: “We have been clear that once we leave the EU, we will be taking back control of our fishing waters.”EU governments are expected to give the commission a mandate to negotiate the bloc’s future partnership with the U.K. as soon as next month. Countries including France, which would need to approve any potential deal, will likely back the demand for a fisheries accord, as European fishermen get 50% to 60% of their catch from British waters.When they struck a deal on the terms of their separation, both sides agreed in to reach an agreement on fishing by the end of June this year, as the industry is a major concern for Ireland, the Netherlands, France and Spain.In its presentation, the Commission also reiterated that the U.K. “will be treated like other third countries” when it comes to financial services, meaning that British banks will be granted limited ad hoc access to the bloc’s market, only as long the EU deems U.K. rules to be equally thorough and strict as its own.\--With assistance from Ian Wishart and Robert Hutton.To contact the reporter on this story: Nikos Chrysoloras in Brussels at nchrysoloras@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net, Edward EvansFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- British Prime Minister Boris Johnson faces his first battle of the next stage of Brexit, after the European Commission warned that a trade deal this year must include a fisheries accord.“Existing reciprocal access to fishing waters and resources should be maintained,” the EU’s executive arm said in a presentation to the bloc’s remaining governments. Any trade deal must be “underpinned by level playing field and with a fisheries agreement,” the Commission said in the document, which was discussed among EU diplomats preparing for the post-Brexit negotiations and published on Monday.One EU diplomat said this is the first time Brussels has made a fishing accord a pre-condition for a trade agreement. The demand risks triggering a backlash in London: Johnson told the commission’s chief last week that Britain plans to reassert control over its fishing waters after Brexit.The prime minister’s office was quick to fire back Monday night, issuing a blunt statement: “We have been clear that once we leave the EU, we will be taking back control of our fishing waters.”EU governments are expected to give the commission a mandate to negotiate the bloc’s future partnership with the U.K. as soon as next month. Countries including France, which would need to approve any potential deal, will likely back the demand for a fisheries accord, as European fishermen get 50% to 60% of their catch from British waters.When they struck a deal on the terms of their separation, both sides agreed in to reach an agreement on fishing by the end of June this year, as the industry is a major concern for Ireland, the Netherlands, France and Spain.In its presentation, the Commission also reiterated that the U.K. “will be treated like other third countries” when it comes to financial services, meaning that British banks will be granted limited ad hoc access to the bloc’s market, only as long the EU deems U.K. rules to be equally thorough and strict as its own.\--With assistance from Ian Wishart and Robert Hutton.To contact the reporter on this story: Nikos Chrysoloras in Brussels at nchrysoloras@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net, Edward EvansFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 66/81   Lebanon regains UN voting rights after paying arrears
    WORLD TOPIC NEWS

    Lebanon regained its voting rights at the United Nations after paying outstanding dues it owed the international body, a UN spokesman said Monday.  According to a diplomatic source, Lebanon paid $1.3 million.

    Lebanon regained its voting rights at the United Nations after paying outstanding dues it owed the international body, a UN spokesman said Monday. According to a diplomatic source, Lebanon paid $1.3 million.


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  • 67/81   Trump Trade Deal Raises Issue of Trusting China to Deliver
    WORLD TOPIC NEWS

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. After three years of tweets and tariffs, President Donald Trump has arrived at his China moment.The phase-one deal to be signed Wednesday is expected to include China’s commitments to respect American intellectual property and not manipulate its currency. U.S. officials also anticipate $200 billion in new purchases that should help reduce a yawning trade deficit and repair some of the damage suffered by farmers. It hands Trump at least a partial agreement many skeptics doubted was ever possible. In another concession, the Trump administration on Monday reversed an August decision to designate China as a currency manipulator.But even that political victory leaves Trump confronting the same China conundrum that has plagued his predecessors. The broad and bipartisan agreement in Washington is that American presidents have for decades been hoodwinked by a China that has often failed to deliver on its promises.Trump and his lieutenants, of course, insist that this time is different, that experts who see phase one as a rebranding of old guarantees are wrong. Unlike agreements negotiated by prior administrations, this one is enforceable, they say, and there will be real and immediate economic repercussions for China if it comes up short.“We think it was a good negotiation, we think it will make a real difference,” U.S. Trade Representative Robert Lighthizer told reporters on Dec. 13. “A skeptic would say ‘we’ll see’ and that’s probably a wise position to take. But our expectation is that they keep their obligations and in any event, they’re enforceable.”Also, it’s not the end of the story, the White House says. Coming soon, though even Trump acknowledges probably not before the November U.S. presidential election, is a second deal that will address long-standing American complaints not covered in the initial 86-page document. Among those: the state subsidies -- from discounted loans to cheap electricity -- that have nurtured a growing club of Chinese multinationals.Some inside and close to the White House have their own doubts that second installment will ever materialize. Yet the more immediate question is whether China will even live up to the promises in the first phase. And if not, the question becomes whether Trump will have the political courage to take action ahead of the election, even it if risks roiling the markets on which he is hanging his economic credentials.“There is a real enforcement provision,” U.S. Treasury Secretary Steven Mnuchin said Sunday on Fox News. “And if they don’t comply with the agreement, the president retains the authority to put on tariffs, both existing tariffs and additional tariffs.”In a talking-points memo distributed to supporters last month, the administration said it called for each country to establish a special office to monitor the deal’s implementation and address any disputes. If conflicts aren’t resolved within 90 days, the U.S. could take unspecified “proportionate” action against China and vice versa. Either party could also abandon the deal, of course.But some analysts say such a framework risks being inherently political.Wendy Cutler, a veteran trade negotiator now at the Asia Society Policy Institute, says that by not deferring to independent panels or arbitrators, the dispute mechanism leaves the question of violations -- and how to respond -- in the eye of the beholder. That means politics and competing economic pressures and interests are likely to intrude, as they have before. It also means that the only arbiter of whether the Chinese are keeping their end of the bargain will be the Trump administration, which may be loath to admit they are not.“What does it say for one of his key negotiating accomplishments if the president has to admit the agreement isn’t working as intended?” Cutler says.The Hawkish CampSteve Bannon, Trump’s former White House chief strategist, says there won’t be enough time before November for the president to take action if China doesn’t abide by the deal’s terms. “I don’t think we’ll be able to ascertain whether they lived up to the commitments until after the 2020 election,” he says.Bannon, who since leaving the administration in 2017 has made hawkishness on China a central part of his brand, says hardliners like him who see communist China as an existential threat to America remain disappointed by a phase-one deal they see as easing the pressure on Beijing. A second phase will only be possible if China is put under “extreme duress” by an economic assault on multiple fronts, including restrictions on access to U.S. capital markets, he told Bloomberg News.More moderate observers have their doubts as well. Jude Blanchette, a China expert at the Center for Strategic and International Studies in Washington, says there are signs already that the Asian nation and particularly its own economic nationalists have been emboldened by the phase-one deal and are shrugging off the commitments it includes.“There’s a darn good chance we just see a repeat of this show, which has been going on certainly since WTO accession in 2001 of China doing what it can to get its tiptoes right up to the letter of the law but in fundamental ways ignoring the spirit of it,” Blanchette says.That is in part because everything from Trump’s impeachment to the looming election and even the president’s handling of Iran is adding to China’s perception of weakness rather than strength in Washington.“They smell blood for Trump,” Blanchette says. “There has always been, especially since impeachment, a narrative in China that we’ve got him where we want him, we’ve got a lot more leverage over him than we had.”Rod Hunter, who agonized over China policy while on President George W. Bush’s National Security Council and is now a partner at law firm Baker McKenzie, argues that no single agreement can bridge the huge “asymmetry of interests” between the U.S. and China over key issues like the heavy role of the state in the Chinese economy.“We see that as a problem. But the Chinese government sees that as a feature, a virtue of their system,” Hunter says.‘Steady Strides’For its part, Beijing is pointing to progress.A foreign investment law that took effect Jan. 1 bans administrative agencies from forcing technology transfers. The government also brought forward plans to allow full foreign ownership of life insurers, futures, securities and mutual fund companies by 2020, after cracking the door open in 2018. And while the U.S. labeled China as a “currency manipulator” in August at the height of trade war, the People’s Bank of China has long relinquished direct intervention.“China has made steady strides in reform and opening-up over the past year,” Cui Tiankai, China’s ambassador to the U.S., said last week at a gala in New York for Chinese companies that invest in the U.S.Bridging the differences requires a careful balance of diplomacy and leverage. One solution being pushed by Mnuchin is to revive a forum for bilateral discussion that the Trump administration disbanded in 2017, but it’s unclear yet whether the president will go for that idea.Hunter and others acknowledge that even if China does not comply with the terms of the phase-one deal, Trump has still managed to reset the relationship in ways other than the notable redirection of global supply chains and a reduction in Chinese imports, which is why there is so much talk in policy circles of a decoupling or a new Cold War.Technology BattlesThe administration has enforced a new, broader conception of national security and given defense and intelligence officials a bigger say in economic policy, particularly on China. In practical terms that has meant stricter curbs on Chinese investment in the U.S. and on the ability of American technology companies to do business with China, as seen most vividly in the blacklisting last year of Chinese tech giant Huawei Technologies Co.Those efforts aren’t ending with the new truce. In fact, they are expanding. In the pipeline is a new Commerce Department rule to restrict U.S. imports of telecommunications equipment -- such as that made by Huawei -- that might threaten U.S. national security.Tariffs, meanwhile, will remain a blunt stick. According to the Peterson Institute for International Economics, average U.S. levies on Chinese imports will be 19.3% even after the deal takes effect -- more than six times higher than before the trade war began in 2018.“A President Warren, a President Biden, they are not going to be able to unwind that,” Hunter says. “They are not just going to be able to say on Jan. 21st ‘never mind, we’re taking away the tariffs without getting something in return.’”(Updates with U.S. dropping China currency-manipulator designation in second paragraph.)\--With assistance from Joshua Green, Miao Han and Saleha Mohsin.To contact the reporters on this story: Shawn Donnan in Washington at sdonnan@bloomberg.net;Jenny Leonard in Washington at jleonard67@bloomberg.netTo contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, Brendan Murray, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. After three years of tweets and tariffs, President Donald Trump has arrived at his China moment.The phase-one deal to be signed Wednesday is expected to include China’s commitments to respect American intellectual property and not manipulate its currency. U.S. officials also anticipate $200 billion in new purchases that should help reduce a yawning trade deficit and repair some of the damage suffered by farmers. It hands Trump at least a partial agreement many skeptics doubted was ever possible. In another concession, the Trump administration on Monday reversed an August decision to designate China as a currency manipulator.But even that political victory leaves Trump confronting the same China conundrum that has plagued his predecessors. The broad and bipartisan agreement in Washington is that American presidents have for decades been hoodwinked by a China that has often failed to deliver on its promises.Trump and his lieutenants, of course, insist that this time is different, that experts who see phase one as a rebranding of old guarantees are wrong. Unlike agreements negotiated by prior administrations, this one is enforceable, they say, and there will be real and immediate economic repercussions for China if it comes up short.“We think it was a good negotiation, we think it will make a real difference,” U.S. Trade Representative Robert Lighthizer told reporters on Dec. 13. “A skeptic would say ‘we’ll see’ and that’s probably a wise position to take. But our expectation is that they keep their obligations and in any event, they’re enforceable.”Also, it’s not the end of the story, the White House says. Coming soon, though even Trump acknowledges probably not before the November U.S. presidential election, is a second deal that will address long-standing American complaints not covered in the initial 86-page document. Among those: the state subsidies -- from discounted loans to cheap electricity -- that have nurtured a growing club of Chinese multinationals.Some inside and close to the White House have their own doubts that second installment will ever materialize. Yet the more immediate question is whether China will even live up to the promises in the first phase. And if not, the question becomes whether Trump will have the political courage to take action ahead of the election, even it if risks roiling the markets on which he is hanging his economic credentials.“There is a real enforcement provision,” U.S. Treasury Secretary Steven Mnuchin said Sunday on Fox News. “And if they don’t comply with the agreement, the president retains the authority to put on tariffs, both existing tariffs and additional tariffs.”In a talking-points memo distributed to supporters last month, the administration said it called for each country to establish a special office to monitor the deal’s implementation and address any disputes. If conflicts aren’t resolved within 90 days, the U.S. could take unspecified “proportionate” action against China and vice versa. Either party could also abandon the deal, of course.But some analysts say such a framework risks being inherently political.Wendy Cutler, a veteran trade negotiator now at the Asia Society Policy Institute, says that by not deferring to independent panels or arbitrators, the dispute mechanism leaves the question of violations -- and how to respond -- in the eye of the beholder. That means politics and competing economic pressures and interests are likely to intrude, as they have before. It also means that the only arbiter of whether the Chinese are keeping their end of the bargain will be the Trump administration, which may be loath to admit they are not.“What does it say for one of his key negotiating accomplishments if the president has to admit the agreement isn’t working as intended?” Cutler says.The Hawkish CampSteve Bannon, Trump’s former White House chief strategist, says there won’t be enough time before November for the president to take action if China doesn’t abide by the deal’s terms. “I don’t think we’ll be able to ascertain whether they lived up to the commitments until after the 2020 election,” he says.Bannon, who since leaving the administration in 2017 has made hawkishness on China a central part of his brand, says hardliners like him who see communist China as an existential threat to America remain disappointed by a phase-one deal they see as easing the pressure on Beijing. A second phase will only be possible if China is put under “extreme duress” by an economic assault on multiple fronts, including restrictions on access to U.S. capital markets, he told Bloomberg News.More moderate observers have their doubts as well. Jude Blanchette, a China expert at the Center for Strategic and International Studies in Washington, says there are signs already that the Asian nation and particularly its own economic nationalists have been emboldened by the phase-one deal and are shrugging off the commitments it includes.“There’s a darn good chance we just see a repeat of this show, which has been going on certainly since WTO accession in 2001 of China doing what it can to get its tiptoes right up to the letter of the law but in fundamental ways ignoring the spirit of it,” Blanchette says.That is in part because everything from Trump’s impeachment to the looming election and even the president’s handling of Iran is adding to China’s perception of weakness rather than strength in Washington.“They smell blood for Trump,” Blanchette says. “There has always been, especially since impeachment, a narrative in China that we’ve got him where we want him, we’ve got a lot more leverage over him than we had.”Rod Hunter, who agonized over China policy while on President George W. Bush’s National Security Council and is now a partner at law firm Baker McKenzie, argues that no single agreement can bridge the huge “asymmetry of interests” between the U.S. and China over key issues like the heavy role of the state in the Chinese economy.“We see that as a problem. But the Chinese government sees that as a feature, a virtue of their system,” Hunter says.‘Steady Strides’For its part, Beijing is pointing to progress.A foreign investment law that took effect Jan. 1 bans administrative agencies from forcing technology transfers. The government also brought forward plans to allow full foreign ownership of life insurers, futures, securities and mutual fund companies by 2020, after cracking the door open in 2018. And while the U.S. labeled China as a “currency manipulator” in August at the height of trade war, the People’s Bank of China has long relinquished direct intervention.“China has made steady strides in reform and opening-up over the past year,” Cui Tiankai, China’s ambassador to the U.S., said last week at a gala in New York for Chinese companies that invest in the U.S.Bridging the differences requires a careful balance of diplomacy and leverage. One solution being pushed by Mnuchin is to revive a forum for bilateral discussion that the Trump administration disbanded in 2017, but it’s unclear yet whether the president will go for that idea.Hunter and others acknowledge that even if China does not comply with the terms of the phase-one deal, Trump has still managed to reset the relationship in ways other than the notable redirection of global supply chains and a reduction in Chinese imports, which is why there is so much talk in policy circles of a decoupling or a new Cold War.Technology BattlesThe administration has enforced a new, broader conception of national security and given defense and intelligence officials a bigger say in economic policy, particularly on China. In practical terms that has meant stricter curbs on Chinese investment in the U.S. and on the ability of American technology companies to do business with China, as seen most vividly in the blacklisting last year of Chinese tech giant Huawei Technologies Co.Those efforts aren’t ending with the new truce. In fact, they are expanding. In the pipeline is a new Commerce Department rule to restrict U.S. imports of telecommunications equipment -- such as that made by Huawei -- that might threaten U.S. national security.Tariffs, meanwhile, will remain a blunt stick. According to the Peterson Institute for International Economics, average U.S. levies on Chinese imports will be 19.3% even after the deal takes effect -- more than six times higher than before the trade war began in 2018.“A President Warren, a President Biden, they are not going to be able to unwind that,” Hunter says. “They are not just going to be able to say on Jan. 21st ‘never mind, we’re taking away the tariffs without getting something in return.’”(Updates with U.S. dropping China currency-manipulator designation in second paragraph.)\--With assistance from Joshua Green, Miao Han and Saleha Mohsin.To contact the reporters on this story: Shawn Donnan in Washington at sdonnan@bloomberg.net;Jenny Leonard in Washington at jleonard67@bloomberg.netTo contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, Brendan Murray, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.


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  • 68/81   McConnell on US-Iran strategy: 'Let's not screw it up'
    WORLD TOPIC NEWS

    Senate Majority Leader Mitch McConnell says he opposes a Senate resolution asserting that President Donald Trump must seek approval from Congress before engaging in further military action against Iran.  McConnell, a Kentucky Republican, said Monday that the Senate will “soon” debate a measure sponsored by Democratic Sen. Tim Kaine of Virginia.  The measure, co-sponsored by two Republicans, would send the wrong message to U.S. allies after the Trump administration killed Iran's top general earlier this month, McConnell said.

    Senate Majority Leader Mitch McConnell says he opposes a Senate resolution asserting that President Donald Trump must seek approval from Congress before engaging in further military action against Iran. McConnell, a Kentucky Republican, said Monday that the Senate will “soon” debate a measure sponsored by Democratic Sen. Tim Kaine of Virginia. The measure, co-sponsored by two Republicans, would send the wrong message to U.S. allies after the Trump administration killed Iran's top general earlier this month, McConnell said.


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  • 69/81   Iran denies 'cover-up' as anger mounts over downed airliner
    WORLD TOPIC NEWS

    Iran denied a 'cover-up' Monday after taking days to reveal an airliner was accidentally shot down last week, a disaster that sparked demonstrations and calls for a fully transparent investigation.  The Ukraine International Airlines Boeing 737 was brought down by a missile shortly after taking off Wednesday from Tehran, killing all 176 passengers and crew on board.  Videos on social networks on Monday purported to show protests occurring in Iran for a third consecutive day, including at Tehran's Sharif University, with demonstrators apparently shouting slogans against the Islamic republic.

    Iran denied a 'cover-up' Monday after taking days to reveal an airliner was accidentally shot down last week, a disaster that sparked demonstrations and calls for a fully transparent investigation. The Ukraine International Airlines Boeing 737 was brought down by a missile shortly after taking off Wednesday from Tehran, killing all 176 passengers and crew on board. Videos on social networks on Monday purported to show protests occurring in Iran for a third consecutive day, including at Tehran's Sharif University, with demonstrators apparently shouting slogans against the Islamic republic.


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  • 70/81   Trump use of doctored Pelosi-Schumer photo draws Muslim ire
    WORLD TOPIC NEWS

    President Donald Trump circulated a fake image on Monday depicting congressional Democrats’ top-ranked leaders in traditional Muslim attire in front of the Iranian flag, drawing criticism that he was promoting Islamophobic tropes.  The manipulated photo retweeted by Trump showed House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer in Muslim garb with the caption: “The corrupted Dems trying their best to come to the Ayatollah’s rescue #NancyPelosiFakeNews.” Trump, a Republican, had previously faulted Democrats for criticizing his administration’s targeted killing of Iranian Gen. Qassem Soleimani, but his use of Muslim imagery as part of that effort drew pushback from Muslim American advocates.  “The image is a hodgepodge of anti-Muslim tropes and garb from many traditions including some that are frequently used to stereotype and attack Muslims,” Madihha Ahussain, special counsel at the nonprofit group Muslim Advocates, said in a statement.

    President Donald Trump circulated a fake image on Monday depicting congressional Democrats’ top-ranked leaders in traditional Muslim attire in front of the Iranian flag, drawing criticism that he was promoting Islamophobic tropes. The manipulated photo retweeted by Trump showed House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer in Muslim garb with the caption: “The corrupted Dems trying their best to come to the Ayatollah’s rescue #NancyPelosiFakeNews.” Trump, a Republican, had previously faulted Democrats for criticizing his administration’s targeted killing of Iranian Gen. Qassem Soleimani, but his use of Muslim imagery as part of that effort drew pushback from Muslim American advocates. “The image is a hodgepodge of anti-Muslim tropes and garb from many traditions including some that are frequently used to stereotype and attack Muslims,” Madihha Ahussain, special counsel at the nonprofit group Muslim Advocates, said in a statement.


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  • 71/81   Trump and Iran have hit pause, but the conflict between them isn’t over | Opinion
    WORLD TOPIC NEWS

    Watching President Trump give his Iran speech last Wednesday, my mind flashed back to a visit to Tehran just before the 2003 U.S. invasion of Iraq.

    Watching President Trump give his Iran speech last Wednesday, my mind flashed back to a visit to Tehran just before the 2003 U.S. invasion of Iraq.


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  • 72/81   Don't Forget These Vaccines When You Travel
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    If you're planning a winter trip to another country, you may be preoccupied with booking airfare and finding lodging, but certain destinations require an extra step of planning: travel vaccines. ...

    If you're planning a winter trip to another country, you may be preoccupied with booking airfare and finding lodging, but certain destinations require an extra step of planning: travel vaccines. ...


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  • 73/81   Trump turns 'very routine' physical into attack on media
    HEALTH TOPIC NEWS

    President Trump lashed out at the media Tuesday over reporting about his sudden trip to Walter Reed National Military Medical Center last weekend.

    President Trump lashed out at the media Tuesday over reporting about his sudden trip to Walter Reed National Military Medical Center last weekend.


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  • 74/81   5 Turkey Cooking Tips Will Guarantee You Have the Perfect Bird This Holidays
    HEALTH TOPIC NEWS

    There's no need to wing it at Thanksgiving this year.

    There's no need to wing it at Thanksgiving this year.


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  • 75/81   9 Easy Ways to Make Your Jack-o'-Lanterns Last Longer
    HEALTH TOPIC NEWS

    A little bleach goes a long way.

    A little bleach goes a long way.


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  • 76/81   Is It Time for a Medication Reconciliation?
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    More than half of adult Americans regularly take at least one prescription drug, according to a recent Consumer Reports nationally representative survey. And for those who take any medication on ...

    More than half of adult Americans regularly take at least one prescription drug, according to a recent Consumer Reports nationally representative survey. And for those who take any medication on ...


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  • 77/81   Brown-Bag Lunches for Kids With Food Allergies
    HEALTH TOPIC NEWS

    If your school-age child has food allergies, you know that preparing safe lunches that are also enticing can be a challenge. That's why we created this menu of lunchroom suggestions that addresse...

    If your school-age child has food allergies, you know that preparing safe lunches that are also enticing can be a challenge. That's why we created this menu of lunchroom suggestions that addresse...


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  • 78/81   What to Feed Your Family When the Power Goes Out
    HEALTH TOPIC NEWS

    If you won’t be able to leave your house for a few days or if the power is out for longer than a couple of hours, what to feed your family becomes a major concern. The food experts at Consumer Re...

    If you won’t be able to leave your house for a few days or if the power is out for longer than a couple of hours, what to feed your family becomes a major concern. The food experts at Consumer Re...


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  • 79/81   Try These Healthy Snack Ideas for Kids
    HEALTH TOPIC NEWS

    To fuel their growing bodies and provide the energy necessary to study and stay active, kids and teens need to eat every 3 to 4 hours, according to the Academy of Nutrition and Dietetics. That’s ...

    To fuel their growing bodies and provide the energy necessary to study and stay active, kids and teens need to eat every 3 to 4 hours, according to the Academy of Nutrition and Dietetics. That’s ...


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  • 80/81   The 9 Best Jobs for Teachers To Make Some Cash During the Summer Break
    HEALTH TOPIC NEWS

    Make the most of your skills with one of these jobs.

    Make the most of your skills with one of these jobs.


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  • 81/81   How to Spot and Avoid Algal Blooms
    HEALTH TOPIC NEWS

    With many U.S. waterways reaching their highest temperatures at this time of year, colonies of algae in lakes, ponds, and even the ocean can “bloom”—grow far more rapidly than normal. While most ...

    With many U.S. waterways reaching their highest temperatures at this time of year, colonies of algae in lakes, ponds, and even the ocean can “bloom”—grow far more rapidly than normal. While most ...


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