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News Slideshows (01/23/2020 03 hours)


  • 1/71   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


    Eli Manning   Mr. Peanut   Gritty   Las Vegas Raiders   Priscilla Kelly   March for Life   McNabb   Toni Storm   Orlando Brown   Michael Che   Devan Cambridge   Hangman   Reince Priebus   Reggie Perry   Project Xehanort   Garrison Brooks   javonte green   Grizzled Young Veterans   Joaquin Wilde   Tony Schiavone   Imperium   Elijah Hughes   Marko Stunt   Curtis Jones   
  • 2/71   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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  • 3/71   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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  • 4/71   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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  • 5/71   '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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  • 6/71   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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  • 7/71   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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  • 8/71   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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  • 9/71   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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  • 10/71   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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  • 11/71   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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  • 12/71   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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  • 13/71   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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  • 14/71   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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  • 15/71   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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  • 16/71   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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  • 17/71   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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  • 18/71   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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  • 19/71   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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  • 20/71   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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  • 21/71   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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  • 22/71   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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  • 23/71   Australia’s Unemployment Rate Unexpectedly Falls to 5.1% in December
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Australian unemployment unexpectedly declined in December as the labor market persisted in defying a sluggish economy, prompting a surge in the currency as traders slashed bets on an interest-rate cut.The jobless rate declined to 5.1%, compared with economists estimates for it to hold steady at 5.2%. Employment rose by 28,900 people -- almost triple estimates -- while participation remained at 66%. Bushfires resulted in “disruption to data collection” in New South Wales, Victoria and the A.C.T.The currency jumped more than half a percent as traders are now pricing in just a 24% chance of a rate cut next month, from 56% late Wednesday. The data extend a three-year run of hiring strength that has withstood volatility offshore and a slowdown at home.Yet the job market’s health has failed to significantly push unemployment down to a level that would spark faster wages growth as it coincided with a swelling labor force. This led the Reserve Bank of Australia to cut rates three times since June to try to buttress investment and drive faster economic growth.“These labor market figures will be interpreted in a positive manner,” said Callam Pickering, an economist at global jobs website Indeed Inc. who previously worked at the central bank. “However, with the bushfires likely to disrupt economic activity, and the with the Reserve Bank already leaning towards cuts, we expect further easing in the months to come.”The Australian dollar surged to 68.79 U.S. cents following the report, up 0.6% from before the release. It was trading at 68.70 U.S. cents at 12:41 p.m. Sydney.Indeed, the rise in employment was solely part-time, with full-time positions falling by 300, suggesting Christmas-related hiring.Other details included:New South Wales and Victoria, the most populous states, led the employment gains, with 20,600 and 10,300 respectively;The mining hub of Western Australia, which has struggled since the end of the resources boom, led losses with 5,300;Under-employment held at 8.3%Governor Philip Lowe’s policy easing has so far delivered few results outside reinvigorating house price growth. He maintains “long and variable lags” in monetary policy mean it will take time for stimulus to work its way through the economy.Consumer confidence fell 1.8% this month in response to the bushfire crisis, heading further into negative territory. While households are concerned about the economy, they are less pessimistic about their current and future financial situation -- a good indicator of a healthy jobs market.Moreover, rising property prices are a necessary forerunner to an eventual recovery in residential construction and in the shorter term should bring a wealth effect that supports consumption.The RBA’s cash rate is at a record low 0.75% and Lowe estimates the lower bound at 0.25%, meaning he has just two cuts left in his policy arsenal before unconventional policy becomes a possibility.The U.S. Federal Reserve’s recent pause after 75 basis points of rate cuts reduces the risk of the currency suddenly spiking. In addition, the signing of a phase one trade accord between the U.S. and China has lifted global sentiment and could encourage firms to press ahead with investment.The RBA in its quarterly economic update in November forecast unemployment of 5.2% and wage growth of around 2.3% in 2020. It will release updated estimates on Feb. 7.(Updates with comment from economist in fifth paragraph.)To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.netTo contact the editors responsible for this story: Paul Jackson at pjackson53@bloomberg.net, Alexandra Veroude, Malcolm ScottFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Australian unemployment unexpectedly declined in December as the labor market persisted in defying a sluggish economy, prompting a surge in the currency as traders slashed bets on an interest-rate cut.The jobless rate declined to 5.1%, compared with economists estimates for it to hold steady at 5.2%. Employment rose by 28,900 people -- almost triple estimates -- while participation remained at 66%. Bushfires resulted in “disruption to data collection” in New South Wales, Victoria and the A.C.T.The currency jumped more than half a percent as traders are now pricing in just a 24% chance of a rate cut next month, from 56% late Wednesday. The data extend a three-year run of hiring strength that has withstood volatility offshore and a slowdown at home.Yet the job market’s health has failed to significantly push unemployment down to a level that would spark faster wages growth as it coincided with a swelling labor force. This led the Reserve Bank of Australia to cut rates three times since June to try to buttress investment and drive faster economic growth.“These labor market figures will be interpreted in a positive manner,” said Callam Pickering, an economist at global jobs website Indeed Inc. who previously worked at the central bank. “However, with the bushfires likely to disrupt economic activity, and the with the Reserve Bank already leaning towards cuts, we expect further easing in the months to come.”The Australian dollar surged to 68.79 U.S. cents following the report, up 0.6% from before the release. It was trading at 68.70 U.S. cents at 12:41 p.m. Sydney.Indeed, the rise in employment was solely part-time, with full-time positions falling by 300, suggesting Christmas-related hiring.Other details included:New South Wales and Victoria, the most populous states, led the employment gains, with 20,600 and 10,300 respectively;The mining hub of Western Australia, which has struggled since the end of the resources boom, led losses with 5,300;Under-employment held at 8.3%Governor Philip Lowe’s policy easing has so far delivered few results outside reinvigorating house price growth. He maintains “long and variable lags” in monetary policy mean it will take time for stimulus to work its way through the economy.Consumer confidence fell 1.8% this month in response to the bushfire crisis, heading further into negative territory. While households are concerned about the economy, they are less pessimistic about their current and future financial situation -- a good indicator of a healthy jobs market.Moreover, rising property prices are a necessary forerunner to an eventual recovery in residential construction and in the shorter term should bring a wealth effect that supports consumption.The RBA’s cash rate is at a record low 0.75% and Lowe estimates the lower bound at 0.25%, meaning he has just two cuts left in his policy arsenal before unconventional policy becomes a possibility.The U.S. Federal Reserve’s recent pause after 75 basis points of rate cuts reduces the risk of the currency suddenly spiking. In addition, the signing of a phase one trade accord between the U.S. and China has lifted global sentiment and could encourage firms to press ahead with investment.The RBA in its quarterly economic update in November forecast unemployment of 5.2% and wage growth of around 2.3% in 2020. It will release updated estimates on Feb. 7.(Updates with comment from economist in fifth paragraph.)To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.netTo contact the editors responsible for this story: Paul Jackson at pjackson53@bloomberg.net, Alexandra Veroude, Malcolm ScottFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 24/71   Trump sought to cheat to win re-election, Democrats charge at trial
    TECHNOLOGY TOPIC NEWS

    Democrats Wednesday accused President Donald Trump at his historic Senate impeachment trial of seeking to 'cheat' to ensure re-election in November, as they began laying out their detailed case for removing him from office.  Adam Schiff, head of the House of Representatives' prosecution team, took to the Senate floor to deliver hours of methodical arguments to a hushed chamber that was hearing only the third-ever impeachment trial of a US president.  'And when he was caught, he used the powers of that office to obstruct the investigation into his own misconduct,' said Schiff, who headed the probe that led to Trump's December 18 impeachment by the Democratic-controlled House.

    Democrats Wednesday accused President Donald Trump at his historic Senate impeachment trial of seeking to 'cheat' to ensure re-election in November, as they began laying out their detailed case for removing him from office. Adam Schiff, head of the House of Representatives' prosecution team, took to the Senate floor to deliver hours of methodical arguments to a hushed chamber that was hearing only the third-ever impeachment trial of a US president. 'And when he was caught, he used the powers of that office to obstruct the investigation into his own misconduct,' said Schiff, who headed the probe that led to Trump's December 18 impeachment by the Democratic-controlled House.


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  • 25/71   Interested In Super Retail Group Limited (ASX:SUL)? Here's What Its Recent Performance Looks Like
    TECHNOLOGY TOPIC NEWS

    For investors, increase in profitability and industry-beating performance can be essential considerations in an...

    For investors, increase in profitability and industry-beating performance can be essential considerations in an...


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  • 26/71   11 self-made millionaires reveal the best advice they ever got
    TECHNOLOGY TOPIC NEWS

    Successful people in business share the best advice they've ever received.

    Successful people in business share the best advice they've ever received.


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  • 27/71   Haiti pushes foster homes to counter problems in orphanages
    TECHNOLOGY TOPIC NEWS

    Port-au-Prince (AFP) - Rose Boncoeur brought two emaciated little girls to live in her modest home in Haiti as part of a reform drive aimed at keeping children out of orphanages.  The government of the Americas' poorest country is pushing to deinstitutionalize children so as to avoid the darkest sides of orphanage life -- trafficking of kids or even worse abuse.  Boncoeur gets no financial help to feed or clothe her two charges, and is forced to ask people for used clothing for her foster children -- sisters, aged eight months and three years.

    Port-au-Prince (AFP) - Rose Boncoeur brought two emaciated little girls to live in her modest home in Haiti as part of a reform drive aimed at keeping children out of orphanages. The government of the Americas' poorest country is pushing to deinstitutionalize children so as to avoid the darkest sides of orphanage life -- trafficking of kids or even worse abuse. Boncoeur gets no financial help to feed or clothe her two charges, and is forced to ask people for used clothing for her foster children -- sisters, aged eight months and three years.


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  • 28/71   Amateur Investors Are Making Risky Bets That Could Wipe Them Out
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Follow Bloomberg on Telegram for all the investment news and analysis you need.After years of falling debt yields and new technologies enabling one-click purchases of complex financial products, mom and pop investors around the world are making bets that put them at danger of getting burned.In South Korea, regulators are investigating sales of derivative-linked products that caused individuals to lose almost all their invested money. Chinese savers have ignored government warnings about possible losses on so-called wealth management products. In India, shadow banks whose woes have triggered a credit crisis have sold bonds to the public. The list goes on.Amateur investors are trying to make up for decreasing yields by getting into risky markets they aren’t familiar with and don’t fully understand, and those bets are popping up all over the globe. Advances in technology including high-speed computing may also be fueling speculative trading, and in the worst case the fallout could be mass individual defaults that hurt the financial sector, according to Rawley Heimer at Boston College.“New financial technologies have made it easy for retail investors to speculate in financial markets such as forex, structured products and cryptocurrencies,” said Heimer, an assistant professor of finance at the Carroll School of Management who studies individuals’ financial decisions. “Retail investors are often vulnerable to sudden price changes in these markets, especially when their trading activity is abetted by leverage.”U.S. InvestorsIndividuals in the U.S. have also been getting into products that can be illiquid and unusual. In the $4.4 trillion U.S. exchange-traded fund industry, the spotlight is on leveraged products that use derivatives to boost their returns.While they make up a small part of the country’s ETF market, assets in these juiced-up instruments grew almost 25% in 2019 to about $52 billion, data compiled by Bloomberg show. The Securities and Exchange Commission is considering requiring additional broker checks on investors that want to buy these vehicles to ensure they understand the risks involved.That’s because failure can be disastrous, as investors in XIV -- a leveraged exchange-traded note that bet against stock fluctuations -- discovered in 2018. The VelocityShares Daily Inverse VIX Short-Term ETN was so popular with amateur traders it even had its own thread on discussion board Reddit, but that became a forum to swap war stories after the product lost 90% of its value and shuttered when volatility unexpectedly spiked.There’s a case to be made for authorities reducing the amount of leverage that retail traders can take, to limit their losses, according to a paper by Heimer at Boston College and Alp Simsek at the Massachusetts Institute of Technology.While U.S. individual traders have tended to lose money in the foreign exchange market due in part to overconfidence, the losses decreased significantly after authorities restricted the provision of leverage in 2010, according to the paper.Another paper shows that when rates are declining, investors tend to make more dangerous bets even when risk premiums remain unchanged. That may be partly because they have established reference points on the investment returns they expect, and they make riskier bets when their expectations aren’t met, according to the paper by Chen Lian at MIT, Yueran Ma at the University of Chicago and Carmen Wang at Harvard University.One product that Asian investors have been pouring into is fixed-maturity funds, which typically offer regular payouts but don’t guarantee returns even if some cite targets. Their asset managers may at times need to load up on riskier notes to try to meet the goals on returns and the maturity terms of the funds. Regulators in Taiwan tightened rules on the products last year after investors flooded into them.Many investors appear to want a little extra yield even when markets turn volatile and they park their money in safer assets. BNP Paribas Asset Management, for instance, is offering portfolios whose allocations may be something like 95% bonds and 5% options strategies rather than 100% bonds, to improve the overall yield.(Adds detail on BNP Paribas Asset Management product in final paragraph)\--With assistance from Denise Wee, Gregor Stuart Hunter and Rachel Evans.To contact the reporter on this story: Ken McCallum in Tokyo at kmccallum4@bloomberg.netTo contact the editors responsible for this story: Andrew Monahan at amonahan@bloomberg.net, Denise WeeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Follow Bloomberg on Telegram for all the investment news and analysis you need.After years of falling debt yields and new technologies enabling one-click purchases of complex financial products, mom and pop investors around the world are making bets that put them at danger of getting burned.In South Korea, regulators are investigating sales of derivative-linked products that caused individuals to lose almost all their invested money. Chinese savers have ignored government warnings about possible losses on so-called wealth management products. In India, shadow banks whose woes have triggered a credit crisis have sold bonds to the public. The list goes on.Amateur investors are trying to make up for decreasing yields by getting into risky markets they aren’t familiar with and don’t fully understand, and those bets are popping up all over the globe. Advances in technology including high-speed computing may also be fueling speculative trading, and in the worst case the fallout could be mass individual defaults that hurt the financial sector, according to Rawley Heimer at Boston College.“New financial technologies have made it easy for retail investors to speculate in financial markets such as forex, structured products and cryptocurrencies,” said Heimer, an assistant professor of finance at the Carroll School of Management who studies individuals’ financial decisions. “Retail investors are often vulnerable to sudden price changes in these markets, especially when their trading activity is abetted by leverage.”U.S. InvestorsIndividuals in the U.S. have also been getting into products that can be illiquid and unusual. In the $4.4 trillion U.S. exchange-traded fund industry, the spotlight is on leveraged products that use derivatives to boost their returns.While they make up a small part of the country’s ETF market, assets in these juiced-up instruments grew almost 25% in 2019 to about $52 billion, data compiled by Bloomberg show. The Securities and Exchange Commission is considering requiring additional broker checks on investors that want to buy these vehicles to ensure they understand the risks involved.That’s because failure can be disastrous, as investors in XIV -- a leveraged exchange-traded note that bet against stock fluctuations -- discovered in 2018. The VelocityShares Daily Inverse VIX Short-Term ETN was so popular with amateur traders it even had its own thread on discussion board Reddit, but that became a forum to swap war stories after the product lost 90% of its value and shuttered when volatility unexpectedly spiked.There’s a case to be made for authorities reducing the amount of leverage that retail traders can take, to limit their losses, according to a paper by Heimer at Boston College and Alp Simsek at the Massachusetts Institute of Technology.While U.S. individual traders have tended to lose money in the foreign exchange market due in part to overconfidence, the losses decreased significantly after authorities restricted the provision of leverage in 2010, according to the paper.Another paper shows that when rates are declining, investors tend to make more dangerous bets even when risk premiums remain unchanged. That may be partly because they have established reference points on the investment returns they expect, and they make riskier bets when their expectations aren’t met, according to the paper by Chen Lian at MIT, Yueran Ma at the University of Chicago and Carmen Wang at Harvard University.One product that Asian investors have been pouring into is fixed-maturity funds, which typically offer regular payouts but don’t guarantee returns even if some cite targets. Their asset managers may at times need to load up on riskier notes to try to meet the goals on returns and the maturity terms of the funds. Regulators in Taiwan tightened rules on the products last year after investors flooded into them.Many investors appear to want a little extra yield even when markets turn volatile and they park their money in safer assets. BNP Paribas Asset Management, for instance, is offering portfolios whose allocations may be something like 95% bonds and 5% options strategies rather than 100% bonds, to improve the overall yield.(Adds detail on BNP Paribas Asset Management product in final paragraph)\--With assistance from Denise Wee, Gregor Stuart Hunter and Rachel Evans.To contact the reporter on this story: Ken McCallum in Tokyo at kmccallum4@bloomberg.netTo contact the editors responsible for this story: Andrew Monahan at amonahan@bloomberg.net, Denise WeeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 29/71   Is Global Palm Resources Holdings Limited's (SGX:BLW) CEO Paid At A Competitive Rate?
    TECHNOLOGY TOPIC NEWS

    Suparno Adijanto Tan is the CEO of Global Palm Resources Holdings Limited (SGX:BLW). This analysis aims first to...

    Suparno Adijanto Tan is the CEO of Global Palm Resources Holdings Limited (SGX:BLW). This analysis aims first to...


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  • 30/71   Xinhua Silk Road: "Ecosphere Economy" to inject new impetus into globalization, Yili chairman
    TECHNOLOGY TOPIC NEWS

    "Ecosphere Economy" featuring openness, inclusiveness, innovation and win-win cooperation will inject new impetus into economic globalization, stated Pan Gang, chairman of China's dairy giant Inner Mongolia Yili Industrial Group Co.Ltd. Tuesday.

    "Ecosphere Economy" featuring openness, inclusiveness, innovation and win-win cooperation will inject new impetus into economic globalization, stated Pan Gang, chairman of China's dairy giant Inner Mongolia Yili Industrial Group Co.Ltd. Tuesday.


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  • 31/71   Asian Stocks Slide on Virus Concerns; Havens Rise: Markets Wrap
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- For a fresh perspective on the stories that matter in Australian business and politics, sign up for our new weekly newsletter.Asian stocks resumed declines amid ongoing efforts to control the widening coronavirus outbreak. The yen strengthened and Treasuries ticked higher.A bout of modest risk aversion returned to markets Thursday, with shares in Shanghai lower on the final day of trading for mainland Chinese equities before the weeklong Lunar New Year holiday. Stocks also fell in Hong Kong, South Korea, Japan and Australia, while U.S. futures were little changed. The Chinese city at the center of the outbreak suspended outbound flights and rail service, as the country ramps up efforts to contain the illness. The Australian dollar rose with the country’s bond yields after better-than-forecast jobs data lifted sentiment on the economy.With global equities still close to record highs, investors are on high alert for any developments that could derail the momentum. Caution has returned this week on concerns the coronavirus that has already killed at least 17 people could turn into a global pandemic.“Markets have gotten a little bit ahead of themselves and they have probably gotten a little bit complacent,” Burns McKinney, portfolio manager at Allianz Global Investors, told Bloomberg TV in New York. “We have seen policy makers this time move quickly and take it very seriously.”Meanwhile, the European Central Bank later decides on policy when its two-day meeting concludes., followed by a press conference with President Christine Lagarde. The pound climbed on Wednesday after U.K. Prime Minister Boris Johnson’s Brexit deal cleared its final hurdle in Parliament.Elsewhere, oil extended declines from its lowest close in seven weeks on speculation China’s coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.Here are some events to watch out for this week:Companies including Intel Corp. and Procter & Gamble Co. will post results.Policy decisions are due from central banks in Indonesia and the euro region.The World Economic Forum, the annual gathering of global leaders in politics, business and culture, continues in Davos, Switzerland.These are the main moves in markets:StocksFutures on the S&P 500 Index were flat as of 10:20 a.m. in Tokyo. The underlying gauge rose less than 0.1% on Wednesday in New York.Japan’s Topix index retreated 0.5%.Hong Kong’s Hang Seng declined 0.8%.The Shanghai Composite lost 0.8%.South Korea’s Kospi index declined 0.4%.Australia’s S&P/ASX 200 Index dipped 0.7%.CurrenciesThe yen rose 0.2% to 109.64 per dollar.The offshore yuan held at 6.9121 per dollar.The Aussie rose 0.4% to 68.71 U.S. cents.The British pound was at $1.3141.The euro remained at $1.1089.BondsThe yield on 10-year Treasuries fell one basis point to 1.76%.Australia’s 3-year yield advanced four basis points to 0.73%.CommoditiesWest Texas Intermediate crude dropped 1.6% to $55.86 a barrel.Gold added 0.2% to $1,561.22 an ounce.\--With assistance from Scarlet Fu and Joe Weisenthal.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Cormac Mullen, Joanna OssingerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- For a fresh perspective on the stories that matter in Australian business and politics, sign up for our new weekly newsletter.Asian stocks resumed declines amid ongoing efforts to control the widening coronavirus outbreak. The yen strengthened and Treasuries ticked higher.A bout of modest risk aversion returned to markets Thursday, with shares in Shanghai lower on the final day of trading for mainland Chinese equities before the weeklong Lunar New Year holiday. Stocks also fell in Hong Kong, South Korea, Japan and Australia, while U.S. futures were little changed. The Chinese city at the center of the outbreak suspended outbound flights and rail service, as the country ramps up efforts to contain the illness. The Australian dollar rose with the country’s bond yields after better-than-forecast jobs data lifted sentiment on the economy.With global equities still close to record highs, investors are on high alert for any developments that could derail the momentum. Caution has returned this week on concerns the coronavirus that has already killed at least 17 people could turn into a global pandemic.“Markets have gotten a little bit ahead of themselves and they have probably gotten a little bit complacent,” Burns McKinney, portfolio manager at Allianz Global Investors, told Bloomberg TV in New York. “We have seen policy makers this time move quickly and take it very seriously.”Meanwhile, the European Central Bank later decides on policy when its two-day meeting concludes., followed by a press conference with President Christine Lagarde. The pound climbed on Wednesday after U.K. Prime Minister Boris Johnson’s Brexit deal cleared its final hurdle in Parliament.Elsewhere, oil extended declines from its lowest close in seven weeks on speculation China’s coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.Here are some events to watch out for this week:Companies including Intel Corp. and Procter & Gamble Co. will post results.Policy decisions are due from central banks in Indonesia and the euro region.The World Economic Forum, the annual gathering of global leaders in politics, business and culture, continues in Davos, Switzerland.These are the main moves in markets:StocksFutures on the S&P 500 Index were flat as of 10:20 a.m. in Tokyo. The underlying gauge rose less than 0.1% on Wednesday in New York.Japan’s Topix index retreated 0.5%.Hong Kong’s Hang Seng declined 0.8%.The Shanghai Composite lost 0.8%.South Korea’s Kospi index declined 0.4%.Australia’s S&P/ASX 200 Index dipped 0.7%.CurrenciesThe yen rose 0.2% to 109.64 per dollar.The offshore yuan held at 6.9121 per dollar.The Aussie rose 0.4% to 68.71 U.S. cents.The British pound was at $1.3141.The euro remained at $1.1089.BondsThe yield on 10-year Treasuries fell one basis point to 1.76%.Australia’s 3-year yield advanced four basis points to 0.73%.CommoditiesWest Texas Intermediate crude dropped 1.6% to $55.86 a barrel.Gold added 0.2% to $1,561.22 an ounce.\--With assistance from Scarlet Fu and Joe Weisenthal.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Cormac Mullen, Joanna OssingerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 32/71   Ascletis Received Approval of Clinical Trials in HBV Patients for ASC22, a Subcutaneously Administered PD-L1 Antibody
    TECHNOLOGY TOPIC NEWS

    Ascletis Pharma Inc. (Ascletis, 1672.HK) announces today the approval for ASC22 to conduct clinical trials in chronic hepatitis B patients in China from China's National Medical Products Administration. ASC22 is a first-in-class, subcutaneously administered PD-L1 antibody approved for such clinical trials in HBV patients on a global basis.

    Ascletis Pharma Inc. (Ascletis, 1672.HK) announces today the approval for ASC22 to conduct clinical trials in chronic hepatitis B patients in China from China's National Medical Products Administration. ASC22 is a first-in-class, subcutaneously administered PD-L1 antibody approved for such clinical trials in HBV patients on a global basis.


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  • 33/71   Should You Worry About IDG Energy Investment Limited's (HKG:650) CEO Salary Level?
    TECHNOLOGY TOPIC NEWS

    Jingbo Wang became the CEO of IDG Energy Investment Limited (HKG:650) in 2016. This report will, first, examine the...

    Jingbo Wang became the CEO of IDG Energy Investment Limited (HKG:650) in 2016. This report will, first, examine the...


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  • 34/71   Is Supply Network Limited's (ASX:SNL) High P/E Ratio A Problem For Investors?
    TECHNOLOGY TOPIC NEWS

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...


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  • 35/71   BNP Fund That Beat 96% of Peers Bets on Indian Financial Stocks
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Follow Bloomberg on Telegram for all the investment news and analysis you need.India’s lending crisis isn’t over. And yet, a fund that beat 96% of its peers in the past year counts financial stocks as its biggest bet.Karthikraj Lakshmanan, the primary fund manager of the BNP Paribas India Consumption Fund, said he will keep investing in the industry -- including private-sector banks, insurance firms and asset managers. His argument? Earnings at some of those companies could rise at a compound annual rate of as much as 15% over the next half decade, backed by growth in retail credit and consumption.Lakshmanan is not the only one betting on consumer financing in a country where corporate lenders have taken a hit for the past year and a half. IIFL Asset Management Ltd., for one, is launching a strategy that invests in financial institutions focused on retail credit, estimating it will triple over the next decade.“Household balance sheets are the strongest,” said Lakshmanan, adding that India’s household leverage is relatively low compared with other countries and that families are likely to boost spending in the next few years.In 2018, India’s household debt-to-GDP was at 11%, versus 76% in the U.S. and 54% in China, according to International Monetary Fund data.As retail credit expands, some private-sector banks are poised to grab market share from state lenders, clocking low- to mid-teen earnings growth versus an expected nominal gross domestic product of 9% to 10%, according to Lakshmanan. Profits at private-sector insurers, too, can increase at a similar pace given that India is “quite under-insured and bancassurance channels have helped some large insurers grow,” he added.Financial institutions accounted for one-third of the India consumption fund’s assets in December, according to its fact sheet. Top holdings included HDFC Bank Ltd. and ICICI Bank Ltd. The 4.7 billion rupees ($66 million) fund has returned 22% over the past year. SGX Nifty 50 Index futures expiring this month were little changed as of 9:17 a.m. in Hong Kong.Troubled banks have hurt India’s economy, which is set to expand at its slowest pace since 2009, putting it behind China, Vietnam and a few others in Asia. Still, there are pockets or companies that “could grow better” even during an economic slowdown, according to Lakshmanan.Aside from financial institutions, the fund invests in businesses that directly participate in the consumer sector. That includes companies related to the non-durable goods industry such as Asian Paints Ltd., as well as entertainment plays like PVR Ltd.Many sectors of the economy are still under-penetrated, including personal care, airlines, movie theaters and cars, Lakshmanan said. But when it comes to autos, he maintains an underweight stance because of regulatory headwinds.India’s young “demographics are not going to change in a hurry for at least the next 10 years,” he said. “That is the opportunity and the challenge.”(Updates to add performance of stock-index futures in seventh paragraph)To contact the reporter on this story: Ishika Mookerjee in Singapore at imookerjee@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Cecile Vannucci, Naoto HosodaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Follow Bloomberg on Telegram for all the investment news and analysis you need.India’s lending crisis isn’t over. And yet, a fund that beat 96% of its peers in the past year counts financial stocks as its biggest bet.Karthikraj Lakshmanan, the primary fund manager of the BNP Paribas India Consumption Fund, said he will keep investing in the industry -- including private-sector banks, insurance firms and asset managers. His argument? Earnings at some of those companies could rise at a compound annual rate of as much as 15% over the next half decade, backed by growth in retail credit and consumption.Lakshmanan is not the only one betting on consumer financing in a country where corporate lenders have taken a hit for the past year and a half. IIFL Asset Management Ltd., for one, is launching a strategy that invests in financial institutions focused on retail credit, estimating it will triple over the next decade.“Household balance sheets are the strongest,” said Lakshmanan, adding that India’s household leverage is relatively low compared with other countries and that families are likely to boost spending in the next few years.In 2018, India’s household debt-to-GDP was at 11%, versus 76% in the U.S. and 54% in China, according to International Monetary Fund data.As retail credit expands, some private-sector banks are poised to grab market share from state lenders, clocking low- to mid-teen earnings growth versus an expected nominal gross domestic product of 9% to 10%, according to Lakshmanan. Profits at private-sector insurers, too, can increase at a similar pace given that India is “quite under-insured and bancassurance channels have helped some large insurers grow,” he added.Financial institutions accounted for one-third of the India consumption fund’s assets in December, according to its fact sheet. Top holdings included HDFC Bank Ltd. and ICICI Bank Ltd. The 4.7 billion rupees ($66 million) fund has returned 22% over the past year. SGX Nifty 50 Index futures expiring this month were little changed as of 9:17 a.m. in Hong Kong.Troubled banks have hurt India’s economy, which is set to expand at its slowest pace since 2009, putting it behind China, Vietnam and a few others in Asia. Still, there are pockets or companies that “could grow better” even during an economic slowdown, according to Lakshmanan.Aside from financial institutions, the fund invests in businesses that directly participate in the consumer sector. That includes companies related to the non-durable goods industry such as Asian Paints Ltd., as well as entertainment plays like PVR Ltd.Many sectors of the economy are still under-penetrated, including personal care, airlines, movie theaters and cars, Lakshmanan said. But when it comes to autos, he maintains an underweight stance because of regulatory headwinds.India’s young “demographics are not going to change in a hurry for at least the next 10 years,” he said. “That is the opportunity and the challenge.”(Updates to add performance of stock-index futures in seventh paragraph)To contact the reporter on this story: Ishika Mookerjee in Singapore at imookerjee@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Cecile Vannucci, Naoto HosodaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 36/71   Can G & M Holdings Limited (HKG:6038) Maintain Its Strong Returns?
    TECHNOLOGY TOPIC NEWS

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...


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  • 37/71   Is Now The Time To Look At Buying Luk Fook Holdings (International) Limited (HKG:590)?
    TECHNOLOGY TOPIC NEWS

    Luk Fook Holdings (International) Limited (HKG:590), which is in the specialty retail business, and is based in Hong...

    Luk Fook Holdings (International) Limited (HKG:590), which is in the specialty retail business, and is based in Hong...


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  • 38/71   FedEx Ground to deliver to homes on Sunday: 'Every day is now a delivery day'
    TECHNOLOGY TOPIC NEWS

    FedEx Ground is now delivering to homes on Sundays all year long, paving the way for faster shipping, the FedEx company announced Wednesday.

    FedEx Ground is now delivering to homes on Sundays all year long, paving the way for faster shipping, the FedEx company announced Wednesday.


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  • 39/71   Xinhua Silk Road: "Ecosphere Economy" to inject new impetus into globalization, Yili chairman
    TECHNOLOGY TOPIC NEWS

    "Ecosphere Economy" featuring openness, inclusiveness, innovation and win-win cooperation will inject new impetus into economic globalization, stated Pan Gang, chairman of China's dairy giant Inner Mongolia Yili Industrial Group Co.Ltd. Tuesday.

    "Ecosphere Economy" featuring openness, inclusiveness, innovation and win-win cooperation will inject new impetus into economic globalization, stated Pan Gang, chairman of China's dairy giant Inner Mongolia Yili Industrial Group Co.Ltd. Tuesday.


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  • 40/71   Lebanon PM says new cabinet faces 'catastrophe' as demos persist
    TECHNOLOGY TOPIC NEWS

    Lebanon faces a 'catastrophe', Prime Minister Hassan Diab said Wednesday after his newly unveiled cabinet held its first meeting to tackle the twin challenges of a tenacious protest movement and a nosediving economy.  Diab, the successor to Saad Hariri who quit as prime minister in late October, vowed to meet demands from the street but demonstrators were unconvinced.  Renewed clashes broke out near parliament in downtown Beirut between protesters hurling stones and fire crackers and police firing water cannons and tear gas, an AFP correspondent said.

    Lebanon faces a 'catastrophe', Prime Minister Hassan Diab said Wednesday after his newly unveiled cabinet held its first meeting to tackle the twin challenges of a tenacious protest movement and a nosediving economy. Diab, the successor to Saad Hariri who quit as prime minister in late October, vowed to meet demands from the street but demonstrators were unconvinced. Renewed clashes broke out near parliament in downtown Beirut between protesters hurling stones and fire crackers and police firing water cannons and tear gas, an AFP correspondent said.


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  • 41/71   HNA Faces $500 Million Debt Deadline Before Lunar New Year
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Investors will be closely watching HNA Group Co. as $500 million of dollar bonds mature this week, testing the debt-laden Chinese conglomerate’s repayment ability.A $200 million bond issued by HNA Group International will come due Jan. 23, while its $300 million note is set to mature a day later, according to Bloomberg-compiled data. HNA Group International declined to comment when reached by Bloomberg via email.HNA Group Chairman Chen Feng predicted last month that 2020 will be “the decisive year to win the war” against its long-running liquidity challenges. Following a debt-fueled global spending spree, the group has been selling assets from hotels to a container unit to help pare borrowings.“HNA seems to be surviving despite its huge debt load and pressure to unload assets,” said Andrew Collier, a managing director at Orient Capital Research. Its strategy this year “appears to be to focus on its core business in transportation, and stabilize its finances enough to generate profits,” he said.Read: HNA Said to Sell Pactera to State-Owned CEC for $750 MillionHNA has periodically been in the news in recent years for missing payments, hiving off assets and struggling with debts that climbed to as high as 598.2 billion yuan ($87 billion). Bloomberg reported in December that it repaid a 1.3 billion yuan bond, avoiding what could have been its first default on a publicly issued note.The group came into the limelight in 2016 and 2017 after splurging more than $40 billion on acquisitions across six continents. It became the biggest shareholder of iconic companies such as Hilton Worldwide Holdings Inc. and Deutsche Bank AG as well as paying top dollar for high-end properties from Manhattan to Hong Kong.(Updates with bond chart)To contact Bloomberg News staff for this story: Tongjian Dong in Shanghai at tdong28@bloomberg.net;Ina Zhou in Hong Kong at hzhou179@bloomberg.netTo contact the editors responsible for this story: Chan Tien Hin at thchan@bloomberg.net, Finbarr FlynnFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Investors will be closely watching HNA Group Co. as $500 million of dollar bonds mature this week, testing the debt-laden Chinese conglomerate’s repayment ability.A $200 million bond issued by HNA Group International will come due Jan. 23, while its $300 million note is set to mature a day later, according to Bloomberg-compiled data. HNA Group International declined to comment when reached by Bloomberg via email.HNA Group Chairman Chen Feng predicted last month that 2020 will be “the decisive year to win the war” against its long-running liquidity challenges. Following a debt-fueled global spending spree, the group has been selling assets from hotels to a container unit to help pare borrowings.“HNA seems to be surviving despite its huge debt load and pressure to unload assets,” said Andrew Collier, a managing director at Orient Capital Research. Its strategy this year “appears to be to focus on its core business in transportation, and stabilize its finances enough to generate profits,” he said.Read: HNA Said to Sell Pactera to State-Owned CEC for $750 MillionHNA has periodically been in the news in recent years for missing payments, hiving off assets and struggling with debts that climbed to as high as 598.2 billion yuan ($87 billion). Bloomberg reported in December that it repaid a 1.3 billion yuan bond, avoiding what could have been its first default on a publicly issued note.The group came into the limelight in 2016 and 2017 after splurging more than $40 billion on acquisitions across six continents. It became the biggest shareholder of iconic companies such as Hilton Worldwide Holdings Inc. and Deutsche Bank AG as well as paying top dollar for high-end properties from Manhattan to Hong Kong.(Updates with bond chart)To contact Bloomberg News staff for this story: Tongjian Dong in Shanghai at tdong28@bloomberg.net;Ina Zhou in Hong Kong at hzhou179@bloomberg.netTo contact the editors responsible for this story: Chan Tien Hin at thchan@bloomberg.net, Finbarr FlynnFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 42/71   Hillary Clinton kicks off the 'stop Sanders' movement. Will Obama follow her lead?
    POLITICS TOPIC NEWS

    Sanders himself has been dismissive of Clinton’s comments. And then there’s Obama himself to consider. Clinton’s timing is conspicuous.

    Sanders himself has been dismissive of Clinton’s comments. And then there’s Obama himself to consider. Clinton’s timing is conspicuous.


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  • 43/71   Fox News Host: Trump Actually Being Impeached Because He’s ‘Phenomenally Interesting’
    POLITICS TOPIC NEWS

    Fox News host Greg Gutfeld on Wednesday argued that the real reason Democrats are impeaching President Donald Trump is that they are “boring people” and the president is “phenomenally interesting.”During the 5 PM hour, Fox News decided to air their highly rated conservative panel show The Five instead of sticking with live coverage of the Senate impeachment trial like CNN and MSNBC did.Immediately, Gutfeld blasted the proceedings by saying impeachment had become “so trivial,” flinging out an analogy about tattoos to make his case.“If you saw somebody with a tattoo you stared at it,” he exclaimed. “A war vet or a biker or possibly both but now they’re on bass players, there on sorority sisters. Tattoos can be found on middle-age suburbanites at their Peloton class. That’s what impeachment is.”Co-host Jesse Watters, meanwhile, took to taunting House impeachment manager Rep. Adam Schiff (D-CA), claiming the House Intelligence Committee chairman “looks like a rotten dandelion” and is the “kind of guy that tucks his t-shirt into his mom jeans.”Moments after Watters’ juvenile insults aimed at one of the president’s favorite targets, Gutfeld further played to Trump’s ego by heaping praise upon the president while bashing Democrats.“Finally, when you watch this, it’s boring,” he declared. “That’s the real reason why they are impeaching him. These are all really boring people up against a phenomenally interesting person.”“This is a bloated cat trying to hack out an orange furball that has made their life a living hell,” Gutfeld concluded. “He’s Rocky in this fight.”Read more at The Daily Beast.Get 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.

    Fox News host Greg Gutfeld on Wednesday argued that the real reason Democrats are impeaching President Donald Trump is that they are “boring people” and the president is “phenomenally interesting.”During the 5 PM hour, Fox News decided to air their highly rated conservative panel show The Five instead of sticking with live coverage of the Senate impeachment trial like CNN and MSNBC did.Immediately, Gutfeld blasted the proceedings by saying impeachment had become “so trivial,” flinging out an analogy about tattoos to make his case.“If you saw somebody with a tattoo you stared at it,” he exclaimed. “A war vet or a biker or possibly both but now they’re on bass players, there on sorority sisters. Tattoos can be found on middle-age suburbanites at their Peloton class. That’s what impeachment is.”Co-host Jesse Watters, meanwhile, took to taunting House impeachment manager Rep. Adam Schiff (D-CA), claiming the House Intelligence Committee chairman “looks like a rotten dandelion” and is the “kind of guy that tucks his t-shirt into his mom jeans.”Moments after Watters’ juvenile insults aimed at one of the president’s favorite targets, Gutfeld further played to Trump’s ego by heaping praise upon the president while bashing Democrats.“Finally, when you watch this, it’s boring,” he declared. “That’s the real reason why they are impeaching him. These are all really boring people up against a phenomenally interesting person.”“This is a bloated cat trying to hack out an orange furball that has made their life a living hell,” Gutfeld concluded. “He’s Rocky in this fight.”Read more at The Daily Beast.Get 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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  • 44/71   Arizona mother admits killing her 3 children, police say
    POLITICS TOPIC NEWS

    Officials described the mother, who was not identified, as a 22-year-old woman who recently moved to Arizona from Oklahoma.

    Officials described the mother, who was not identified, as a 22-year-old woman who recently moved to Arizona from Oklahoma.


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  • 45/71   AOC criticises Democratic Party: ‘We don’t have a left party in the United States’
    POLITICS TOPIC NEWS

    New York Congresswoman Alexandria Ocasio-Cortez explained that the Democratic party does not represent the political left in the United States, calling the organisation a “centre or centre-conservative” party that “can’t even get a floor vote” on nationalising health care.She said: “We can’t even get a floor vote on Medicare for All — not even a floor vote that might get doubled down.”

    New York Congresswoman Alexandria Ocasio-Cortez explained that the Democratic party does not represent the political left in the United States, calling the organisation a “centre or centre-conservative” party that “can’t even get a floor vote” on nationalising health care.She said: “We can’t even get a floor vote on Medicare for All — not even a floor vote that might get doubled down.”


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  • 46/71   Fifth condemned Tennessee inmate opts for the electric chair
    POLITICS TOPIC NEWS

    A Tennessee inmate has chosen the electric chair for his scheduled execution next month, opting like four other inmates in little more than a year for electrocution over the state's preferred execution method of lethal injection.  Nicholas Sutton, 58, is scheduled to be put to death Feb. 20 for the stabbing death of a fellow inmate decades ago while serving a life sentence for his grandmother's slaying.  An affidavit signed on Tuesday said he waives the right to be executed by lethal injection and chooses electrocution.

    A Tennessee inmate has chosen the electric chair for his scheduled execution next month, opting like four other inmates in little more than a year for electrocution over the state's preferred execution method of lethal injection. Nicholas Sutton, 58, is scheduled to be put to death Feb. 20 for the stabbing death of a fellow inmate decades ago while serving a life sentence for his grandmother's slaying. An affidavit signed on Tuesday said he waives the right to be executed by lethal injection and chooses electrocution.


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  • 47/71   The brazen (and careless) Russian assassination team behind the Salisbury poisonings has been spotted in Europe, again
    POLITICS TOPIC NEWS

    They keep failing to kill their targets. And they leave lots of evidence behind them.

    They keep failing to kill their targets. And they leave lots of evidence behind them.


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  • 48/71   I worked for Hillary Clinton. Her attacks on Bernie Sanders are a big mistake
    POLITICS TOPIC NEWS

    Why is Clinton amplifying destructive myths about Sanders and his supporters just weeks before the primaries begin?In a new Hulu documentary and Hollywood Reporter interview, Hillary Clinton perpetuates the false narrative that Bernie Sanders supporters are largely a gang of raging “bros” who spend all day trolling his opponents online. “It’s his online Bernie bros and their relentless attacks on lots of his competitors, particularly the women,” Clinton said.The myth that Sanders supporters are predominantly raging young white “bros” whose driving purpose is to viciously troll and harass his adversaries took hold during the 2016 election and has been pushed relentlessly by his 2020 detractors. We know, because although we avoided using the derisive term Bernie bro, we still bought into that narrative in 2016. We did so as outspoken advocates for Clinton, who Peter had advised during her first presidential run.Peter’s history with the Clintons goes back to 2006, when he joined Clinton’s team as a digital strategist. Soon thereafter, he became the internet director for her 2008 presidential campaign. He also worked for the Clinton Global Initiative, and set up regular blog roundtables for former president Bill Clinton. Because of his personal connection to the Clintons and our belief that electing the first woman president was a worthy cause, we joined millions of Democrats in defending and promoting Clinton during the 2016 race. We all fought for what we believed in, and too many of us got caught up in a bitter internecine battle – but somehow only Sanders supporters were singled out as villains.In the intervening years, we have very publicly reconsidered the single-minded intensity of our Clinton advocacy and apologized for exacerbating divisions between Clinton and Sanders voters. In the process, we have come to realize the extent to which the term Bernie bro marginalizes and erases the voices of millions of people of color and women who are part of the Sanders-inspired “Not me. Us” movement.> Somehow only Sanders supporters were singled out as villainsHere is the irony: as we began to embrace NotMeUs and express support for Sanders, a cadre of Sanders haters began trolling and harassing us with the same venom that they attribute to so-called Bernie bros. They impugned our motives and character, called us traitors and sellouts, and mobbed our Twitter threads. It was a disconcerting awakening to the hypocrisy of those who slam Sanders supporters as a bunch of sexist young white males, then engage in identical behavior to those they criticize.The lesson is unmistakable: there are angry and obnoxious supporters of all candidates. Isolating Sanders supporters and implying they are a misogynistic monolith is profoundly unfair. Why are other candidates’ backers allowed to fight hard without being reduced to a regressive moniker? While sexism and harassment are unacceptable in any forum, the hyper-focus on a small minority of aggressive online trolls purposely tarnishes an entire movement through guilt by association.For Clinton to come out rhetorical guns blazing against Sanders weeks before primary voting begins reflects misplaced priorities on the part of the Clinton camp and an unfortunate willingness to amplify destructive myths about Sanders and his supporters. Moreover, Clinton implies there’s some equivalence between Sanders and Donald Trump, saying: “We want, hopefully, to elect a president who’s going to try to bring us together, and not either turn a blind eye, or actually reward the kind of insulting, attacking, demeaning, degrading behavior that we’ve seen from this current administration.”There is absolutely no basis to compare Sanders to Trump. Sanders has sparked a massive progressive grassroots movement. In a recent poll, he has majority support from black voters under 35 and among all young voters. He has energized people across the country and has built an incredibly diverse and unified coalition committed to upholding core progressive values. He has demonstrated the courage to call for a political revolution and systemic change against a Washington establishment that serves only the ultra-wealthy and powerful.While we will never gratuitously attack Clinton to ingratiate ourselves to her critics, we cannot sit back while the Democratic party establishment tries to minimize and tear down the mass movement Sanders has helped build. That includes the Obamas, Nancy Pelosi, Chuck Schumer, Joe Biden and other Democratic leaders who over the past two decades have proven unable (or unwilling) to stem a rising and emboldened right wing in America, while they continue to peddle the fiction that Sanders and his voters are “too far left”. It is long past time for a progressive overhaul of the entire party, and it would better for our country and our future if Democratic leaders encouraged the Sanders movement rather than try to erase it.  * Peter and Leela Daou are political activists who advise a number of progressive congressional campaigns

    Why is Clinton amplifying destructive myths about Sanders and his supporters just weeks before the primaries begin?In a new Hulu documentary and Hollywood Reporter interview, Hillary Clinton perpetuates the false narrative that Bernie Sanders supporters are largely a gang of raging “bros” who spend all day trolling his opponents online. “It’s his online Bernie bros and their relentless attacks on lots of his competitors, particularly the women,” Clinton said.The myth that Sanders supporters are predominantly raging young white “bros” whose driving purpose is to viciously troll and harass his adversaries took hold during the 2016 election and has been pushed relentlessly by his 2020 detractors. We know, because although we avoided using the derisive term Bernie bro, we still bought into that narrative in 2016. We did so as outspoken advocates for Clinton, who Peter had advised during her first presidential run.Peter’s history with the Clintons goes back to 2006, when he joined Clinton’s team as a digital strategist. Soon thereafter, he became the internet director for her 2008 presidential campaign. He also worked for the Clinton Global Initiative, and set up regular blog roundtables for former president Bill Clinton. Because of his personal connection to the Clintons and our belief that electing the first woman president was a worthy cause, we joined millions of Democrats in defending and promoting Clinton during the 2016 race. We all fought for what we believed in, and too many of us got caught up in a bitter internecine battle – but somehow only Sanders supporters were singled out as villains.In the intervening years, we have very publicly reconsidered the single-minded intensity of our Clinton advocacy and apologized for exacerbating divisions between Clinton and Sanders voters. In the process, we have come to realize the extent to which the term Bernie bro marginalizes and erases the voices of millions of people of color and women who are part of the Sanders-inspired “Not me. Us” movement.> Somehow only Sanders supporters were singled out as villainsHere is the irony: as we began to embrace NotMeUs and express support for Sanders, a cadre of Sanders haters began trolling and harassing us with the same venom that they attribute to so-called Bernie bros. They impugned our motives and character, called us traitors and sellouts, and mobbed our Twitter threads. It was a disconcerting awakening to the hypocrisy of those who slam Sanders supporters as a bunch of sexist young white males, then engage in identical behavior to those they criticize.The lesson is unmistakable: there are angry and obnoxious supporters of all candidates. Isolating Sanders supporters and implying they are a misogynistic monolith is profoundly unfair. Why are other candidates’ backers allowed to fight hard without being reduced to a regressive moniker? While sexism and harassment are unacceptable in any forum, the hyper-focus on a small minority of aggressive online trolls purposely tarnishes an entire movement through guilt by association.For Clinton to come out rhetorical guns blazing against Sanders weeks before primary voting begins reflects misplaced priorities on the part of the Clinton camp and an unfortunate willingness to amplify destructive myths about Sanders and his supporters. Moreover, Clinton implies there’s some equivalence between Sanders and Donald Trump, saying: “We want, hopefully, to elect a president who’s going to try to bring us together, and not either turn a blind eye, or actually reward the kind of insulting, attacking, demeaning, degrading behavior that we’ve seen from this current administration.”There is absolutely no basis to compare Sanders to Trump. Sanders has sparked a massive progressive grassroots movement. In a recent poll, he has majority support from black voters under 35 and among all young voters. He has energized people across the country and has built an incredibly diverse and unified coalition committed to upholding core progressive values. He has demonstrated the courage to call for a political revolution and systemic change against a Washington establishment that serves only the ultra-wealthy and powerful.While we will never gratuitously attack Clinton to ingratiate ourselves to her critics, we cannot sit back while the Democratic party establishment tries to minimize and tear down the mass movement Sanders has helped build. That includes the Obamas, Nancy Pelosi, Chuck Schumer, Joe Biden and other Democratic leaders who over the past two decades have proven unable (or unwilling) to stem a rising and emboldened right wing in America, while they continue to peddle the fiction that Sanders and his voters are “too far left”. It is long past time for a progressive overhaul of the entire party, and it would better for our country and our future if Democratic leaders encouraged the Sanders movement rather than try to erase it. * Peter and Leela Daou are political activists who advise a number of progressive congressional campaigns


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  • 49/71   Chief Justice Roberts admonishes impeachment managers and Trump team, reminds them to 'remember where they are'
    POLITICS TOPIC NEWS

    Things got testy in the Senate chamber early Wednesday morning, with Chief Justice John Roberts admonishing both the impeachment managers and President Trump's legal team for their sharp words.It started when Rep. Jerry Nadler (D-N.Y.) argued in support of an amendment seeking to subpoena former National Security Adviser John Bolton. During the House impeachment investigation, Bolton said he would fight a subpoena, but then changed his tune, saying he would testify in the Senate trial if ordered to do so. Nadler said Trump and his allies "are afraid to hear" from Bolton "because they know he knows too much," and "only guilty people try to hide the evidence."Trump lawyer Jay Sekulow loudly responded, banging the podium and accusing Nadler of attempting to "shred the Constitution on the floor of the Senate." White House Counsel Pat Cipollone told Nadler he owed Trump, his family, the Senate, and every American "an apology." When it was once again his turn to speak, Nadler scoffed at the Trump team saying he wasn't being truthful. "President's counsel has no standing to talk about lying," he said.After they were finished, Roberts said he felt it was "appropriate for me to admonish both the house managers and the president's counsel in equal terms to remember that they are addressing the world's greatest deliberative body. One reason it has earned that title is because its members avoid speaking in a manner and using language that is not conducive to civil discourse." He then brought up a 1905 impeachment trial of a judge, where a manager objected to the term "pettifogging." Roberts said while he doesn't "think we need to aspire to that high a standard ... I think those addressing the Senate should remember where they are." The amendment to subpoena Bolton, like all others before it, was voted down along party lines, 53-47. Pettifogging, by the way, means "placing undue emphasis on petty details."More stories from theweek.com  Giants quarterback Eli Manning retires after 16 seasons  The White House is arguing the impeachment articles don't include allegations of a quid pro quo because the exact words don't appear  Several senators left the chamber in the middle of Adam Schiff's impeachment remarks

    Things got testy in the Senate chamber early Wednesday morning, with Chief Justice John Roberts admonishing both the impeachment managers and President Trump's legal team for their sharp words.It started when Rep. Jerry Nadler (D-N.Y.) argued in support of an amendment seeking to subpoena former National Security Adviser John Bolton. During the House impeachment investigation, Bolton said he would fight a subpoena, but then changed his tune, saying he would testify in the Senate trial if ordered to do so. Nadler said Trump and his allies "are afraid to hear" from Bolton "because they know he knows too much," and "only guilty people try to hide the evidence."Trump lawyer Jay Sekulow loudly responded, banging the podium and accusing Nadler of attempting to "shred the Constitution on the floor of the Senate." White House Counsel Pat Cipollone told Nadler he owed Trump, his family, the Senate, and every American "an apology." When it was once again his turn to speak, Nadler scoffed at the Trump team saying he wasn't being truthful. "President's counsel has no standing to talk about lying," he said.After they were finished, Roberts said he felt it was "appropriate for me to admonish both the house managers and the president's counsel in equal terms to remember that they are addressing the world's greatest deliberative body. One reason it has earned that title is because its members avoid speaking in a manner and using language that is not conducive to civil discourse." He then brought up a 1905 impeachment trial of a judge, where a manager objected to the term "pettifogging." Roberts said while he doesn't "think we need to aspire to that high a standard ... I think those addressing the Senate should remember where they are." The amendment to subpoena Bolton, like all others before it, was voted down along party lines, 53-47. Pettifogging, by the way, means "placing undue emphasis on petty details."More stories from theweek.com Giants quarterback Eli Manning retires after 16 seasons The White House is arguing the impeachment articles don't include allegations of a quid pro quo because the exact words don't appear Several senators left the chamber in the middle of Adam Schiff's impeachment remarks


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  • 50/71   California Man Accused of Killing 3 Teens After 'Intentionally' Ramming Them With His Car
    POLITICS TOPIC NEWS

    Anurag Chandra, 42, is facing 3 murder charges

    Anurag Chandra, 42, is facing 3 murder charges


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  • 51/71   Feds: White supremacists hoped rally would start civil war
    POLITICS TOPIC NEWS

    A hidden camera captured members of a white supremacist group expressing hope that violence at a gun rights rally in Virginia this week could start a civil war, federal prosecutors said in a court filing Tuesday.

    A hidden camera captured members of a white supremacist group expressing hope that violence at a gun rights rally in Virginia this week could start a civil war, federal prosecutors said in a court filing Tuesday.


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  • 52/71   24 hours in, senators flout quaint impeachment rules
    WORLD TOPIC NEWS

    Almost immediately after Chief Justice John Roberts gaveled in Wednesday's session of President Donald Trump's impeachment trial, bored and weary senators started openly flouting some basic guidelines in a chamber that prizes decorum.  Some openly snickered when lead prosecutor Adam Schiff said he'd only speak for 10 minutes.  “I do see the members moving and taking a break,” observed freshman Rep. Jason Crow of Colorado, one of the House prosecutors, in mid-speech at the center podium.

    Almost immediately after Chief Justice John Roberts gaveled in Wednesday's session of President Donald Trump's impeachment trial, bored and weary senators started openly flouting some basic guidelines in a chamber that prizes decorum. Some openly snickered when lead prosecutor Adam Schiff said he'd only speak for 10 minutes. “I do see the members moving and taking a break,” observed freshman Rep. Jason Crow of Colorado, one of the House prosecutors, in mid-speech at the center podium.


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  • 53/71   Why Wuhan Is at the Center of the Viral Outbreak
    WORLD TOPIC NEWS

    (Bloomberg Opinion) -- China’s happiest city isn’t so happy these days. Wuhan, which branded itself as a Chinese version of Phoenix, is now the epicenter of a SARS-like virus that has sickened hundreds. It’s worth asking why this disease came out of an inland technology hub that boasts a young — and presumably healthier — workforce, rather than the mega-cities of Beijing or Shanghai.Wuhan is an immigrants’ town. It’s home to one of China’s most prestigious engineering schools, Huazhong University of Science and Technology. Roughly 9% of the population is university students, well above the 3% level for Beijing and Shanghai. As of 2018, more than 11 million lived there — making it 25% bigger than New York — but only 8.8 million are permanent residents. As a result, millions living in Wuhan have been traveling for the Lunar New Year. During last year’s festival season, the city’s main railway station, which is only one kilometer (0.62 miles) from the seafood market where the outbreak began, hosted 5.5 million commuters. While China suspended all railway travel and flights out of Wuhan on Thursday, much of the traveling may have already been done. The engineering school, for instance, started its winter break on Jan. 9.Wuhan has been carefully fostering a reputation as an alternative to Shenzhen. In its latest five-year plan, the city set a target of keeping 1 million college graduates by relaxing its hukou system, the equivalent of a green card that entitles holders to social services such as public-school education. Roughly 21 million travelers passed through the city's airport in 2016, and a new terminal can host 35 million a year. Chinese society has become a lot more mobile since the SARS epidemic of 2003.The high volume of labor migration isn’t to blame, however. A city may well expand in size, but basic public services must keep up, too. Take a look at Wuhan’s fiscal spending. While money has poured into hot areas such as technology research, expenditure on public health has been stagnant. As recently as last June, Wuhan residents complained about poor hygiene at the seafood market, but the municipality didn't respond. While Beijing and Shanghai host lots of migrants, too, both cities spend more on this sector. Populations there have flattened amid restrictions on labor inflows. Granted, money is tight for local governments as the economy slows, especially after last year’s $300 billion tax cut. As a result, bureaucrats have to make a tough decision between grants to chip designers and public health. The former serves President Xi Jinping’s Made in China 2025 drive, while the latter minimizes black swan scenarios.The temptation, unfortunately, is that local officials embrace China’s industrial ambitions. It’s a lot easier to make a plan for the future than fix the past. After all, the Chinese have had a taste for exotic animal meat for centuries; why should we worry about the hygiene of a wet market now? Until this mentality is cleansed, however, we can only expect more outbreaks.To contact the author of this story: Shuli Ren at sren38@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg Opinion) -- China’s happiest city isn’t so happy these days. Wuhan, which branded itself as a Chinese version of Phoenix, is now the epicenter of a SARS-like virus that has sickened hundreds. It’s worth asking why this disease came out of an inland technology hub that boasts a young — and presumably healthier — workforce, rather than the mega-cities of Beijing or Shanghai.Wuhan is an immigrants’ town. It’s home to one of China’s most prestigious engineering schools, Huazhong University of Science and Technology. Roughly 9% of the population is university students, well above the 3% level for Beijing and Shanghai. As of 2018, more than 11 million lived there — making it 25% bigger than New York — but only 8.8 million are permanent residents. As a result, millions living in Wuhan have been traveling for the Lunar New Year. During last year’s festival season, the city’s main railway station, which is only one kilometer (0.62 miles) from the seafood market where the outbreak began, hosted 5.5 million commuters. While China suspended all railway travel and flights out of Wuhan on Thursday, much of the traveling may have already been done. The engineering school, for instance, started its winter break on Jan. 9.Wuhan has been carefully fostering a reputation as an alternative to Shenzhen. In its latest five-year plan, the city set a target of keeping 1 million college graduates by relaxing its hukou system, the equivalent of a green card that entitles holders to social services such as public-school education. Roughly 21 million travelers passed through the city's airport in 2016, and a new terminal can host 35 million a year. Chinese society has become a lot more mobile since the SARS epidemic of 2003.The high volume of labor migration isn’t to blame, however. A city may well expand in size, but basic public services must keep up, too. Take a look at Wuhan’s fiscal spending. While money has poured into hot areas such as technology research, expenditure on public health has been stagnant. As recently as last June, Wuhan residents complained about poor hygiene at the seafood market, but the municipality didn't respond. While Beijing and Shanghai host lots of migrants, too, both cities spend more on this sector. Populations there have flattened amid restrictions on labor inflows. Granted, money is tight for local governments as the economy slows, especially after last year’s $300 billion tax cut. As a result, bureaucrats have to make a tough decision between grants to chip designers and public health. The former serves President Xi Jinping’s Made in China 2025 drive, while the latter minimizes black swan scenarios.The temptation, unfortunately, is that local officials embrace China’s industrial ambitions. It’s a lot easier to make a plan for the future than fix the past. After all, the Chinese have had a taste for exotic animal meat for centuries; why should we worry about the hygiene of a wet market now? Until this mentality is cleansed, however, we can only expect more outbreaks.To contact the author of this story: Shuli Ren at sren38@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 54/71   Trial highlights: Democrats roll out case as senators fidget
    WORLD TOPIC NEWS

    House prosecutors faced fidgeting senators as they rolled out their case against President Donald Trump on Wednesday, the trial's previous session having lasted a fatigue-inducing 13 hours.  Trump was busy himself, returning from an international business conference but finding time to send 120-plus tweets that included trial commentary and criticism.  Rep. Adam Schiff, D-Calif., the lead prosecutor, spoke for more than two hours, laying out the case House Democrats made in weeks of hearings last year.

    House prosecutors faced fidgeting senators as they rolled out their case against President Donald Trump on Wednesday, the trial's previous session having lasted a fatigue-inducing 13 hours. Trump was busy himself, returning from an international business conference but finding time to send 120-plus tweets that included trial commentary and criticism. Rep. Adam Schiff, D-Calif., the lead prosecutor, spoke for more than two hours, laying out the case House Democrats made in weeks of hearings last year.


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  • 55/71   Case for impeachment fails to disturb McConnell's sweet dreams of acquittal
    WORLD TOPIC NEWS

    Adam Schiff eloquently made the House’s case that the republic is in danger from Donald Trump but Republicans’ reaction was heavy-lidded He fought. Oh, how he fought. But Mitch McConnell’s battle with drowsy eyelids was a lost cause. The 77-year-old senator’s head bobbed and drooped. An alarmed aide sat at his side, powerless, as McConnell surrendered to the arms of Morpheus.It was 1.40pm on Wednesday and House impeachment manager Adam Schiff was in full flow, prosecuting the impeachment case against Donald Trump. Over nearly two and a half hours, McConnell would not be the only Republican senator to nod off, yawn, rub their eyes or bolt the chamber.According to Schiff, the house was on fire, the republic was in jeopardy and democracy itself was threatened by “a president who would be king”. Yet the response on one side of the aisle was insouciance and somnolence. Was it mere fatigue, after Tuesday’s marathon that had run until nearly 2am? Or was it sheer boredom on the part of jurors who have already cleared the accused in their minds and are now just going through the motions?The session had begun with pointed comments by the Senate chaplain, Barry Black, in a prayer for the senators. “Help them remember that patriots reside on both sides of the aisle, that words have consequences and that how something is said can be as important as what is said,” said Black, sporting a bow tie. “Give them a civility built upon integrity that brings consistency in their beliefs and actions.”Then Schiff, chairman of the House of Representatives’ intelligence committee, stepped up to the podium to lead opening arguments. Reading from typed A4 sheets in a ring binder, he delivered a tour de force that was both epic and intimate, historically sweeping yet highly specific, offering a view from both 30,000 feet and the microscope.Schiff began by quoting from founding father Alexander Hamilton in a 1792 letter to George Washington that refers to “a man unprincipled in private life” and “bold in his temper” who is “known to have scoffed in private at the principles of liberty” and is “seen to mount the hobby horse of popularity” with an intention to “ride the storm and direct the whirlwind”.History rhymes. The California congressman acknowledged the founders’ flaws but also their genius and prescience, though as the years pass, he noted, it becomes harder to imagine them as human beings. “This is no less true of Alexander Hamilton, notwithstanding his own return to celebrity.”It was a nod to Hamilton, the unlikely Broadway musical hit about the former treasury secretary. (The world now awaits Lin-Manuel Miranda’s sequel, a rap musical about Rudy Giuliani’s adventures in Ukraine.)Schiff set out a case painfully familiar to those who have been following the matter (which is by no means everyone). Trump pressured the president of Ukraine to publicly announce investigations into two discredited allegations that would benefit Trump’s 2020 presidential election campaign, he said.“When the Ukrainian president did not immediately agree, Trump withheld two official acts to induce the Ukrainian leader to comply – a head of state meeting and hundreds of millions of dollars in military aid to a strategic partner at war with Russia. It was a corrupt scheme to secure foreign help with his re-election, in other words, to cheat.”Carefully and cleverly, Schiff portrayed a web that has Vladimir Putin has at its centre. In his version, the infamous Ukraine phone call was not separate and distinct from the Trump-Russia investigation but all of a piece.“The military aid we provide Ukraine helps to protect and advance American national security interests in the region and beyond,” he said. “America has an abiding interest in stemming Russian expansionism.”The Senate was shown, on video screens, clips including Trump the candidate urging Russia to find Hillary Clinton’s hacked emails and the former White House expert Fiona Hill warning against the repetition of Russia propaganda talking points about a Ukrainian computer server – her accent from the English town of Bishop Auckland resounding in the chamber.Another clip was of Mick Mulvaney, acting White House chief of staff, declaring: “I have news for everybody. Get over it. There’s going to be political influence in foreign policy.”Schiff commented: “Should we just ‘get over it?’ Is that what we’ve come to? I hope and pray the answer is no.” Unless Trump is held accountable and removed from office, he warned, the next president mighty simply say: “Just get over it. I’m just doing what Donald Trump did. Just get over it.”Above all, Schiff made a masterly plea for the soul of the nation. He entreated senators to put the constitution before party and warned that every generation has to fight anew for democracy and freedom. “If we don’t stand up to this peril today, we will write the history of our decline with our own hand.”Watching from afar, David Axelrod, former strategist for Barack Obama, tweeted: “Devastating, epic presentation by @RepAdamSchiff to open trial. Will it matter?”He might as well have asked if facts matter. Think of Schiff as Clarence Darrow, a legal maestro who, at the “Scopes monkey trial” in 1925, challenged a Tennessee state law that banned the teaching of evolution. He was opposed by a defender of biblical creationism. He lost.Nearly a century later, the Republican defence appears to be based on blind faith in Trump and the verdict on his conduct is preordained. As Schiff went on, McConnell, the Senate majority leader, nodded off a few times. The aide at his side wondered what to do while remaining tactful, eventually summoning a younger staffer to place a glass of water on McConnell’s desk, thereby making him stir.Fellow Republicans dozed, slumped, rubbed their eyes or stretched their legs. When Richard Nixon resigned before he could be impeached, his successor Gerald Ford declared “our long national nightmare is over”. This time, the party refuses to wake up.

    Adam Schiff eloquently made the House’s case that the republic is in danger from Donald Trump but Republicans’ reaction was heavy-lidded He fought. Oh, how he fought. But Mitch McConnell’s battle with drowsy eyelids was a lost cause. The 77-year-old senator’s head bobbed and drooped. An alarmed aide sat at his side, powerless, as McConnell surrendered to the arms of Morpheus.It was 1.40pm on Wednesday and House impeachment manager Adam Schiff was in full flow, prosecuting the impeachment case against Donald Trump. Over nearly two and a half hours, McConnell would not be the only Republican senator to nod off, yawn, rub their eyes or bolt the chamber.According to Schiff, the house was on fire, the republic was in jeopardy and democracy itself was threatened by “a president who would be king”. Yet the response on one side of the aisle was insouciance and somnolence. Was it mere fatigue, after Tuesday’s marathon that had run until nearly 2am? Or was it sheer boredom on the part of jurors who have already cleared the accused in their minds and are now just going through the motions?The session had begun with pointed comments by the Senate chaplain, Barry Black, in a prayer for the senators. “Help them remember that patriots reside on both sides of the aisle, that words have consequences and that how something is said can be as important as what is said,” said Black, sporting a bow tie. “Give them a civility built upon integrity that brings consistency in their beliefs and actions.”Then Schiff, chairman of the House of Representatives’ intelligence committee, stepped up to the podium to lead opening arguments. Reading from typed A4 sheets in a ring binder, he delivered a tour de force that was both epic and intimate, historically sweeping yet highly specific, offering a view from both 30,000 feet and the microscope.Schiff began by quoting from founding father Alexander Hamilton in a 1792 letter to George Washington that refers to “a man unprincipled in private life” and “bold in his temper” who is “known to have scoffed in private at the principles of liberty” and is “seen to mount the hobby horse of popularity” with an intention to “ride the storm and direct the whirlwind”.History rhymes. The California congressman acknowledged the founders’ flaws but also their genius and prescience, though as the years pass, he noted, it becomes harder to imagine them as human beings. “This is no less true of Alexander Hamilton, notwithstanding his own return to celebrity.”It was a nod to Hamilton, the unlikely Broadway musical hit about the former treasury secretary. (The world now awaits Lin-Manuel Miranda’s sequel, a rap musical about Rudy Giuliani’s adventures in Ukraine.)Schiff set out a case painfully familiar to those who have been following the matter (which is by no means everyone). Trump pressured the president of Ukraine to publicly announce investigations into two discredited allegations that would benefit Trump’s 2020 presidential election campaign, he said.“When the Ukrainian president did not immediately agree, Trump withheld two official acts to induce the Ukrainian leader to comply – a head of state meeting and hundreds of millions of dollars in military aid to a strategic partner at war with Russia. It was a corrupt scheme to secure foreign help with his re-election, in other words, to cheat.”Carefully and cleverly, Schiff portrayed a web that has Vladimir Putin has at its centre. In his version, the infamous Ukraine phone call was not separate and distinct from the Trump-Russia investigation but all of a piece.“The military aid we provide Ukraine helps to protect and advance American national security interests in the region and beyond,” he said. “America has an abiding interest in stemming Russian expansionism.”The Senate was shown, on video screens, clips including Trump the candidate urging Russia to find Hillary Clinton’s hacked emails and the former White House expert Fiona Hill warning against the repetition of Russia propaganda talking points about a Ukrainian computer server – her accent from the English town of Bishop Auckland resounding in the chamber.Another clip was of Mick Mulvaney, acting White House chief of staff, declaring: “I have news for everybody. Get over it. There’s going to be political influence in foreign policy.”Schiff commented: “Should we just ‘get over it?’ Is that what we’ve come to? I hope and pray the answer is no.” Unless Trump is held accountable and removed from office, he warned, the next president mighty simply say: “Just get over it. I’m just doing what Donald Trump did. Just get over it.”Above all, Schiff made a masterly plea for the soul of the nation. He entreated senators to put the constitution before party and warned that every generation has to fight anew for democracy and freedom. “If we don’t stand up to this peril today, we will write the history of our decline with our own hand.”Watching from afar, David Axelrod, former strategist for Barack Obama, tweeted: “Devastating, epic presentation by @RepAdamSchiff to open trial. Will it matter?”He might as well have asked if facts matter. Think of Schiff as Clarence Darrow, a legal maestro who, at the “Scopes monkey trial” in 1925, challenged a Tennessee state law that banned the teaching of evolution. He was opposed by a defender of biblical creationism. He lost.Nearly a century later, the Republican defence appears to be based on blind faith in Trump and the verdict on his conduct is preordained. As Schiff went on, McConnell, the Senate majority leader, nodded off a few times. The aide at his side wondered what to do while remaining tactful, eventually summoning a younger staffer to place a glass of water on McConnell’s desk, thereby making him stir.Fellow Republicans dozed, slumped, rubbed their eyes or stretched their legs. When Richard Nixon resigned before he could be impeached, his successor Gerald Ford declared “our long national nightmare is over”. This time, the party refuses to wake up.


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  • 56/71   U.K. Has a Plan to Harness Its Land to Hit Net Zero Emissions
    WORLD TOPIC NEWS

    (Bloomberg) -- The U.K. has a plan on how to use its land to hit its goal of zeroing out greenhouse-gas emissions by the middle of the century. It’ll will require a total transformation in the way farmers, land managers and consumers operate to work.Greenhouse gas emissions from land use and agriculture in Britain haven’t fallen at the same rate as other industries over the last three decades. To reach net zero by 2050, emissions coming from the way land is used must be slashed by 64%, according to the first in-depth study of the issue published by the Committee on Climate Change, a panel advising the government on environmental issues.Sweeping changes will be required across the U.K. economy to meet the government’s ambitious net-zero goal, which has been enshrined in law. Agriculture makes up about 12% of the nation’s emissions and won’t be able to avoid that transformation.The report released Thursday by the nation’s independent climate change adviser maps out possible routes for lawmakers to cut emissions. Those include tree planting, low-carbon farming, restoring peatlands, stimulating bioenergy crops, reducing food waste and changing diets.Should the ruling Prime Minister Boris Johnson’s Conservative government take on all the advice, the measures would cost about 1.4 billion pounds ($1.8 billion) a year. The net social benefit could be as much as 4 billion pounds a year, the committee said. As a comparison, the U.K. currently pays in 3.3 billion pounds a year into the European Union’s Common Agricultural Policy in 2018.“This is a report of how you do it,” John Gummer, chair of the CCC, said in a briefing. “This is a key moment because we are now moving from good hearted determination, commitments, electoral discussions to delivery. It now has to fall to the government to supply the means.” Trees, Trees and More TreesPlanting new forests and restoring old ones has become a major focal point for climate mitigation and is seen as an easy political win in the U.K. During the last general election, all major parties made commitments for some form of reforestation program. The CCC said the U.K. should increase land covered by forests to at least 17% by 2050, up from 13% now. That would still be well short of the average across the European Union of 33%.For the U.K., this means planting as many as 120 million broad-leaf or conifer trees every year until in the 2050s. That could serve as the nation’s contribution to the World Economic Forum's initiative to plant 1 trillion trees around the world by 2030, which was announced earlier this week in Davos, Switzerland.Farmers and land managers aren’t likely to do this on their own. The committee suggests using existing market instruments to give incentives for planting programs. Those could include a kind of feed-in tariff, like the mechanism that underpinned the boom in renewable capacity, or a carbon trading facility. Both of those could be funded by a levy on greenhouse gas polluters, the body suggested.Cutting It OutSlashing farm-related emissions shouldn’t come at the expense of producing less food or importing more from countries with looser regulations, the CCC said. To effectively cut harmful farming emissions such as methane and ammonia, the U.K. should encourage the use of controlled-release fertilizers, which produce fewer harmful pollutants over time. It also could sharpen regulation of livestock health and look at ways that selective breeding in cattle can reduce methane. Those policies along with more low-carbon fuels could save the equivalent of 10 million tons of carbon dioxide by 2050.Bio-Energy CropsNew policies should accelerate and expand the growth of bio-energy crops to about 23,000 hectares every year to 2050, the panel said. Carbon pricing could be used to ensure long-term supply, and biomass facilities should commit to sourcing a certain proportion of their raw materials from the U.K. instead of importing them from abroad. Lawmakers should also help with the use of biomass as a fuel with carbon, capture and storage.“This government is talking quite a green game, but people are waiting to see what it means in terms of actual policy,” Jonathan Marshall, head of analysis at the of Energy & Climate Intelligence Unit, said in an interview. “There will be more freedom to reallocate money, such as the sum spent on the Common Agricultural Policy. That wouldn’t have been possible inside the EU, but it will become possible after Brexit.”Other highlights from the report:Restore at least 50% of upland peat and 25% of lowland peat to reduce emissions by 5 million tons of CO2 equivalent by 2050 Reduce by 20% the 13.6 million tons of annual U.K. food waste and cut the consumption of beef, lamb and dairy by at around 20% per person To contact the authors of this story: Jeremy Hodges in London at jhodges17@bloomberg.netAkshat Rathi in London at arathi39@bloomberg.netTo contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net, Will MathisFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- The U.K. has a plan on how to use its land to hit its goal of zeroing out greenhouse-gas emissions by the middle of the century. It’ll will require a total transformation in the way farmers, land managers and consumers operate to work.Greenhouse gas emissions from land use and agriculture in Britain haven’t fallen at the same rate as other industries over the last three decades. To reach net zero by 2050, emissions coming from the way land is used must be slashed by 64%, according to the first in-depth study of the issue published by the Committee on Climate Change, a panel advising the government on environmental issues.Sweeping changes will be required across the U.K. economy to meet the government’s ambitious net-zero goal, which has been enshrined in law. Agriculture makes up about 12% of the nation’s emissions and won’t be able to avoid that transformation.The report released Thursday by the nation’s independent climate change adviser maps out possible routes for lawmakers to cut emissions. Those include tree planting, low-carbon farming, restoring peatlands, stimulating bioenergy crops, reducing food waste and changing diets.Should the ruling Prime Minister Boris Johnson’s Conservative government take on all the advice, the measures would cost about 1.4 billion pounds ($1.8 billion) a year. The net social benefit could be as much as 4 billion pounds a year, the committee said. As a comparison, the U.K. currently pays in 3.3 billion pounds a year into the European Union’s Common Agricultural Policy in 2018.“This is a report of how you do it,” John Gummer, chair of the CCC, said in a briefing. “This is a key moment because we are now moving from good hearted determination, commitments, electoral discussions to delivery. It now has to fall to the government to supply the means.” Trees, Trees and More TreesPlanting new forests and restoring old ones has become a major focal point for climate mitigation and is seen as an easy political win in the U.K. During the last general election, all major parties made commitments for some form of reforestation program. The CCC said the U.K. should increase land covered by forests to at least 17% by 2050, up from 13% now. That would still be well short of the average across the European Union of 33%.For the U.K., this means planting as many as 120 million broad-leaf or conifer trees every year until in the 2050s. That could serve as the nation’s contribution to the World Economic Forum's initiative to plant 1 trillion trees around the world by 2030, which was announced earlier this week in Davos, Switzerland.Farmers and land managers aren’t likely to do this on their own. The committee suggests using existing market instruments to give incentives for planting programs. Those could include a kind of feed-in tariff, like the mechanism that underpinned the boom in renewable capacity, or a carbon trading facility. Both of those could be funded by a levy on greenhouse gas polluters, the body suggested.Cutting It OutSlashing farm-related emissions shouldn’t come at the expense of producing less food or importing more from countries with looser regulations, the CCC said. To effectively cut harmful farming emissions such as methane and ammonia, the U.K. should encourage the use of controlled-release fertilizers, which produce fewer harmful pollutants over time. It also could sharpen regulation of livestock health and look at ways that selective breeding in cattle can reduce methane. Those policies along with more low-carbon fuels could save the equivalent of 10 million tons of carbon dioxide by 2050.Bio-Energy CropsNew policies should accelerate and expand the growth of bio-energy crops to about 23,000 hectares every year to 2050, the panel said. Carbon pricing could be used to ensure long-term supply, and biomass facilities should commit to sourcing a certain proportion of their raw materials from the U.K. instead of importing them from abroad. Lawmakers should also help with the use of biomass as a fuel with carbon, capture and storage.“This government is talking quite a green game, but people are waiting to see what it means in terms of actual policy,” Jonathan Marshall, head of analysis at the of Energy & Climate Intelligence Unit, said in an interview. “There will be more freedom to reallocate money, such as the sum spent on the Common Agricultural Policy. That wouldn’t have been possible inside the EU, but it will become possible after Brexit.”Other highlights from the report:Restore at least 50% of upland peat and 25% of lowland peat to reduce emissions by 5 million tons of CO2 equivalent by 2050 Reduce by 20% the 13.6 million tons of annual U.K. food waste and cut the consumption of beef, lamb and dairy by at around 20% per person To contact the authors of this story: Jeremy Hodges in London at jhodges17@bloomberg.netAkshat Rathi in London at arathi39@bloomberg.netTo contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net, Will MathisFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 57/71   Cynics Are Wrong. The Impeachment Trial Matters.
    WORLD TOPIC NEWS

    (Bloomberg Opinion) -- U.S. Representative Adam Schiff began the House impeachment managers’ case for the conviction of President Donald Trump with a masterful opening statement in the U.S. Senate on Wednesday.In a bit over two hours — especially impressive after a session that ended well after midnight on Tuesday — Schiff did an excellent job of weaving together the basic facts of Trump’s attempt to pressure a foreign government to help his 2020 re-election campaign, and to explain why it should persuade senators to remove the president from office. He effectively used video clips from House impeachment hearings to make the argument more vivid. And he included just enough poetry to drive home the importance of the president’s actions and the Senate’s choices.As he summed up the first article of impeachment, charging Trump with pressuring Ukraine to launch a criminal investigation of a leading Democratic rival, former Vice President Joe Biden, Schiff, who is chair of the House Intelligence Committee, talked not about Trump but about Russian President Vladimir Putin, and about the differences between Putinist autocracy and U.S. democracy. It was a powerful framework for thinking about why Trump’s actions should not be excused or ignored.I can hear a lot of cynics, however, humming their chorus. It doesn’t matter, the lyrics go; everyone has made up their partisan minds. And it’s almost certainly true that a somewhat better or somewhat worse presentation from either side isn’t going to make the difference between whether Trump will be acquitted — the almost certain result at this point — or convicted and removed. Indeed, there’s evidence that a lot of Republican senators aren’t bothering to pay attention.And ...Nevertheless, don’t believe the cynics.For one thing, it is certainly possible that a few of the less-zealous partisans in the Senate — Republicans such as Tennessee’s Lamar Alexander, Maine’s Susan Collins, Alaska’s Lisa Murkowski and Utah’s Mitt Romney, and Democrats including West Virginia’s Joe Manchin, Alabama’s Doug Jones, and Arizona’s Kyrsten Sinema — could change their votes on procedural matters and even possibly their final votes based in part on what they hear during the trial. And, for that matter, on how the trial presentations are covered by the press. Trial oratory wouldn't be the only factor, or even a major factor, but could it matter at the margins? Sure.But that’s only the beginning. The Senate trial is receiving tons of media coverage. It’s going to affect how the people paying attention, including reporters and editors, think about impeachment and about Trump. It could have effects on Trump’s approval ratings, which in turn could make it easier or harder to get things done. It might even, at the margins, have small effects on the 2020 elections. It could have effects, too, on Trump’s professional reputation, which also could make it easier or harder for him to convince people to go along with things he wants. There are also a lot of specific precedents that will be set about how Senate impeachment trials work in the future. This trial, whatever the verdict, will either raise or lower the bar for what a future House of Representatives might do, and how a future Senate is likely to act. What happens in the trial will also affect the course of the presidency. Will future presidents take the threat of impeachment seriously? Or will they think of it as a small annoyance that isn’t worth avoiding? Will they feel secure in resisting what has been up to now routine congressional oversight, or will they accept that bargaining with Congress is part of the rules of the game? Will they feel emboldened to ignore the law when it comes to appropriations, or will they accept that spending law is binding? All presidents take domestic politics into account in foreign affairs, and rightly so, but will future presidents remember this episode and feel licensed to conduct foreign affairs for their own narrow personal interest — or will they remember this episode and exercise caution?Or, to put it more or less as Schiff did: Will the U.S. wind up a stronger democracy after this trial — or a lesser one?The answer to all those questions depends in part on how the public comes to understand what happened in 2019-2020. And that understanding will be, in part, created by what happens in the Senate right now, how it is reported, and how the citizenry reacts to it. The public assessment will be affected by the performances of the House managers and the president’s lawyers. So yes, the cynics are surely correct that senators aren’t likely to be persuaded by Schiff, his colleagues or his trial adversaries when they finally vote on removing the president. But that doesn’t mean that the conduct of the trial won’t affect the rest of Trump’s administration and the future of U.S. democracy. To contact the author of this story: Jonathan Bernstein at jbernstein62@bloomberg.netTo contact the editor responsible for this story: Jonathan Landman at jlandman4@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Jonathan Bernstein is a Bloomberg Opinion columnist covering politics and policy. He taught political science at the University of Texas at San Antonio and DePauw University and wrote A Plain Blog About Politics.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg Opinion) -- U.S. Representative Adam Schiff began the House impeachment managers’ case for the conviction of President Donald Trump with a masterful opening statement in the U.S. Senate on Wednesday.In a bit over two hours — especially impressive after a session that ended well after midnight on Tuesday — Schiff did an excellent job of weaving together the basic facts of Trump’s attempt to pressure a foreign government to help his 2020 re-election campaign, and to explain why it should persuade senators to remove the president from office. He effectively used video clips from House impeachment hearings to make the argument more vivid. And he included just enough poetry to drive home the importance of the president’s actions and the Senate’s choices.As he summed up the first article of impeachment, charging Trump with pressuring Ukraine to launch a criminal investigation of a leading Democratic rival, former Vice President Joe Biden, Schiff, who is chair of the House Intelligence Committee, talked not about Trump but about Russian President Vladimir Putin, and about the differences between Putinist autocracy and U.S. democracy. It was a powerful framework for thinking about why Trump’s actions should not be excused or ignored.I can hear a lot of cynics, however, humming their chorus. It doesn’t matter, the lyrics go; everyone has made up their partisan minds. And it’s almost certainly true that a somewhat better or somewhat worse presentation from either side isn’t going to make the difference between whether Trump will be acquitted — the almost certain result at this point — or convicted and removed. Indeed, there’s evidence that a lot of Republican senators aren’t bothering to pay attention.And ...Nevertheless, don’t believe the cynics.For one thing, it is certainly possible that a few of the less-zealous partisans in the Senate — Republicans such as Tennessee’s Lamar Alexander, Maine’s Susan Collins, Alaska’s Lisa Murkowski and Utah’s Mitt Romney, and Democrats including West Virginia’s Joe Manchin, Alabama’s Doug Jones, and Arizona’s Kyrsten Sinema — could change their votes on procedural matters and even possibly their final votes based in part on what they hear during the trial. And, for that matter, on how the trial presentations are covered by the press. Trial oratory wouldn't be the only factor, or even a major factor, but could it matter at the margins? Sure.But that’s only the beginning. The Senate trial is receiving tons of media coverage. It’s going to affect how the people paying attention, including reporters and editors, think about impeachment and about Trump. It could have effects on Trump’s approval ratings, which in turn could make it easier or harder to get things done. It might even, at the margins, have small effects on the 2020 elections. It could have effects, too, on Trump’s professional reputation, which also could make it easier or harder for him to convince people to go along with things he wants. There are also a lot of specific precedents that will be set about how Senate impeachment trials work in the future. This trial, whatever the verdict, will either raise or lower the bar for what a future House of Representatives might do, and how a future Senate is likely to act. What happens in the trial will also affect the course of the presidency. Will future presidents take the threat of impeachment seriously? Or will they think of it as a small annoyance that isn’t worth avoiding? Will they feel secure in resisting what has been up to now routine congressional oversight, or will they accept that bargaining with Congress is part of the rules of the game? Will they feel emboldened to ignore the law when it comes to appropriations, or will they accept that spending law is binding? All presidents take domestic politics into account in foreign affairs, and rightly so, but will future presidents remember this episode and feel licensed to conduct foreign affairs for their own narrow personal interest — or will they remember this episode and exercise caution?Or, to put it more or less as Schiff did: Will the U.S. wind up a stronger democracy after this trial — or a lesser one?The answer to all those questions depends in part on how the public comes to understand what happened in 2019-2020. And that understanding will be, in part, created by what happens in the Senate right now, how it is reported, and how the citizenry reacts to it. The public assessment will be affected by the performances of the House managers and the president’s lawyers. So yes, the cynics are surely correct that senators aren’t likely to be persuaded by Schiff, his colleagues or his trial adversaries when they finally vote on removing the president. But that doesn’t mean that the conduct of the trial won’t affect the rest of Trump’s administration and the future of U.S. democracy. To contact the author of this story: Jonathan Bernstein at jbernstein62@bloomberg.netTo contact the editor responsible for this story: Jonathan Landman at jlandman4@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Jonathan Bernstein is a Bloomberg Opinion columnist covering politics and policy. He taught political science at the University of Texas at San Antonio and DePauw University and wrote A Plain Blog About Politics.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 58/71   Trump Weighs Plan to Expand Controversial Ban on Travel to U.S.
    WORLD TOPIC NEWS

    (Bloomberg) -- President Donald Trump is reviewing a Homeland Security Department recommendation that he expand one of the most controversial policies of his administration by banning people from an additional seven countries from traveling to the U.S.The department suggested the White House expand the travel restrictions to Tanzania, Belarus, Eritrea, Kyrgyzstan, Myanmar, Nigeria, and Sudan, according to a person familiar with the review who requested anonymity to discuss internal deliberations.The administration’s first travel ban, enacted soon after Trump took office, targeted countries with large Muslim populations, sparking widespread outrage from Democrats and immigration activists.The Supreme Court upheld a revised version of the ban in June 2018.An expanded ban would likely ignite new protests over what opponents earlier described as a “Muslim ban” because five of the countries on the new list have substantial Muslim populations. The White House is weighing the proposal ahead of November elections as Trump seeks to make immigration a focus of his campaign.Spokesmen for Homeland Security and the White House didn’t immediately respond to a request for comment about the specific possible additions. On Tuesday, White House spokesman Hogan Gidley defended the travel ban as “profoundly successful in protecting our country and raising the security baseline around the world.”“While there are no new announcements at this time, common sense and national security both dictate that if a country wants to fully participate in U.S. immigration programs, they should also comply with all security and counter-terrorism measures,” Gidley said. “We do not want to import terrorism or any other national security threat into the United States.”The first version of the ban triggered airport chaos and came after the president said repeatedly during the 2016 campaign that he wanted to bar all Muslims from entering the country. Judges quickly blocked that version, but subsequent changes made the policy more palatable to the courts. Trump has argued the ban on visas for some majority-Muslim countries is a necessary security measure.The additions to the list were prepared for the White House as part of a worldwide assessment the president mandated that the administration undertake every six months under his executive order mandating the travel ban.Countries will probably be given an opportunity to improve security measures such as biometrics, information-sharing and counterterrorism precautions to avoid ultimate inclusion on the list, the person said. The president hasn’t specified whether he’ll add all of the countries recommended by Homeland Security.“We’re adding a couple of countries to it,” Trump told reporters this week at the World Economic Forum in Davos, Switzerland. “We have to be safe. Our country has to be safe. You see what’s going on in the world. Our country has to be safe. So we have a very strong travel ban, and we’ll be adding a few countries to it.”Already, visas from five Muslim-majority nations -- Iran, Libya, Somalia, Syria and Yemen -- as well as North Korea and some from Venezuela have been suspended, meaning about 150 million people can’t enter the U.S.The administration removed Chad from the list, crediting the country’s improvement in identity-management and information-sharing practices.The administration revised the policy two times before settling on a version that the Supreme Court upheld in a June 2018 ruling.A divided court rejected contentions that Trump targeted Muslims and gave him a legal and political victory on a controversy that helped define his presidency.To contact the reporters on this story: Jennifer Jacobs in Washington at jjacobs68@bloomberg.net;Justin Sink in Washington at jsink1@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Justin Blum, Larry LiebertFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- President Donald Trump is reviewing a Homeland Security Department recommendation that he expand one of the most controversial policies of his administration by banning people from an additional seven countries from traveling to the U.S.The department suggested the White House expand the travel restrictions to Tanzania, Belarus, Eritrea, Kyrgyzstan, Myanmar, Nigeria, and Sudan, according to a person familiar with the review who requested anonymity to discuss internal deliberations.The administration’s first travel ban, enacted soon after Trump took office, targeted countries with large Muslim populations, sparking widespread outrage from Democrats and immigration activists.The Supreme Court upheld a revised version of the ban in June 2018.An expanded ban would likely ignite new protests over what opponents earlier described as a “Muslim ban” because five of the countries on the new list have substantial Muslim populations. The White House is weighing the proposal ahead of November elections as Trump seeks to make immigration a focus of his campaign.Spokesmen for Homeland Security and the White House didn’t immediately respond to a request for comment about the specific possible additions. On Tuesday, White House spokesman Hogan Gidley defended the travel ban as “profoundly successful in protecting our country and raising the security baseline around the world.”“While there are no new announcements at this time, common sense and national security both dictate that if a country wants to fully participate in U.S. immigration programs, they should also comply with all security and counter-terrorism measures,” Gidley said. “We do not want to import terrorism or any other national security threat into the United States.”The first version of the ban triggered airport chaos and came after the president said repeatedly during the 2016 campaign that he wanted to bar all Muslims from entering the country. Judges quickly blocked that version, but subsequent changes made the policy more palatable to the courts. Trump has argued the ban on visas for some majority-Muslim countries is a necessary security measure.The additions to the list were prepared for the White House as part of a worldwide assessment the president mandated that the administration undertake every six months under his executive order mandating the travel ban.Countries will probably be given an opportunity to improve security measures such as biometrics, information-sharing and counterterrorism precautions to avoid ultimate inclusion on the list, the person said. The president hasn’t specified whether he’ll add all of the countries recommended by Homeland Security.“We’re adding a couple of countries to it,” Trump told reporters this week at the World Economic Forum in Davos, Switzerland. “We have to be safe. Our country has to be safe. You see what’s going on in the world. Our country has to be safe. So we have a very strong travel ban, and we’ll be adding a few countries to it.”Already, visas from five Muslim-majority nations -- Iran, Libya, Somalia, Syria and Yemen -- as well as North Korea and some from Venezuela have been suspended, meaning about 150 million people can’t enter the U.S.The administration removed Chad from the list, crediting the country’s improvement in identity-management and information-sharing practices.The administration revised the policy two times before settling on a version that the Supreme Court upheld in a June 2018 ruling.A divided court rejected contentions that Trump targeted Muslims and gave him a legal and political victory on a controversy that helped define his presidency.To contact the reporters on this story: Jennifer Jacobs in Washington at jjacobs68@bloomberg.net;Justin Sink in Washington at jsink1@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Justin Blum, Larry LiebertFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 59/71   Brexit Deal Clears U.K. Parliament, Ending Years of Deadlock
    WORLD TOPIC NEWS

    (Bloomberg) -- Prime Minister Boris Johnson’s Brexit deal cleared its final hurdles in Parliament, bringing the crisis that paralyzed U.K. politics since the country voted to leave the European Union almost four years ago to a close.The passage of the law vindicates Johnson’s gamble to call an election last month in which he asked voters to back his blueprint for leaving the bloc on Jan. 31. His 80-seat majority in the elected House of Commons meant he could sweep aside objections from pro-EU politicians in the upper chamber of Parliament, the Lords, and break the deadlock that cost his predecessor, Theresa May, her job last year.“At times it felt like we would never cross the Brexit finish line, but we’ve done it. Now we can put the rancour and division of the past three years behind us,” Johnson said, according to an emailed statement.Later Wednesday, members of the unelected House of Lords formally dropped their opposition and accepted the legislation as approved by the Commons. The bill will now go to Queen Elizabeth II who will sign it into law, putting Britain on track to leave the EU in nine days’ time.The agreement with the EU will now need to be formally ratified by the European Parliament on Jan. 29, before the U.K. leaves the bloc at the end of the month. Britain will then enter a transition period, scheduled to last until the end of the year, during which it will continue to be bound by EU laws until it negotiates a new trade deal with the remaining 27 member states.Johnson is expected to sign the agreement in the coming days, and the European Council and Commission presidents may sign it Friday in Brussels, according to a U.K. government official.U.K., EU Draw Battle Lines as the Hard Part of Brexit Begins“We’re in a very happy position in that we leave the EU in a position of absolute grace and uniformity,” Johnson said as he answered questions from the public about the future negotiations with Brussels on Facebook. “We are in perfect alignment with our EU friends and partners.”Looking ahead, Chancellor of the Exchequer Sajid Javid acknowledged Johnson’s Dec. 31 deadline for reaching a new trade deal with the EU was “tight.”“Both sides recognize that it’s a tight timetable, a lot needs to be put together in the time that we have, but it can be done,” Javid said during a panel discussion at the World Economic Forum in Davos, Switzerland. “And it can be done for both goods, where we want to see free trade, zero tariffs, zero quotas -- but also on services.”The House of Lords had tried to amend the Brexit legislation to enhance EU citizens’ rights in Britain, allow judges -- rather than ministers -- to decide on the use of rulings by European Courts, and to ensure unaccompanied refugee children can join family in the U.K. All the measures were rejected by the Commons. Johnson’s government rejected these changes and pushed the Lords to back down.(Adds Johnson comments from third paragraph.)\--With assistance from Lucy Meakin, Olivia Konotey-Ahulu, Ian Wishart and Jessica Shankleman.To contact the reporter on this story: Thomas Penny in London at tpenny@bloomberg.netTo contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Edward EvansFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Prime Minister Boris Johnson’s Brexit deal cleared its final hurdles in Parliament, bringing the crisis that paralyzed U.K. politics since the country voted to leave the European Union almost four years ago to a close.The passage of the law vindicates Johnson’s gamble to call an election last month in which he asked voters to back his blueprint for leaving the bloc on Jan. 31. His 80-seat majority in the elected House of Commons meant he could sweep aside objections from pro-EU politicians in the upper chamber of Parliament, the Lords, and break the deadlock that cost his predecessor, Theresa May, her job last year.“At times it felt like we would never cross the Brexit finish line, but we’ve done it. Now we can put the rancour and division of the past three years behind us,” Johnson said, according to an emailed statement.Later Wednesday, members of the unelected House of Lords formally dropped their opposition and accepted the legislation as approved by the Commons. The bill will now go to Queen Elizabeth II who will sign it into law, putting Britain on track to leave the EU in nine days’ time.The agreement with the EU will now need to be formally ratified by the European Parliament on Jan. 29, before the U.K. leaves the bloc at the end of the month. Britain will then enter a transition period, scheduled to last until the end of the year, during which it will continue to be bound by EU laws until it negotiates a new trade deal with the remaining 27 member states.Johnson is expected to sign the agreement in the coming days, and the European Council and Commission presidents may sign it Friday in Brussels, according to a U.K. government official.U.K., EU Draw Battle Lines as the Hard Part of Brexit Begins“We’re in a very happy position in that we leave the EU in a position of absolute grace and uniformity,” Johnson said as he answered questions from the public about the future negotiations with Brussels on Facebook. “We are in perfect alignment with our EU friends and partners.”Looking ahead, Chancellor of the Exchequer Sajid Javid acknowledged Johnson’s Dec. 31 deadline for reaching a new trade deal with the EU was “tight.”“Both sides recognize that it’s a tight timetable, a lot needs to be put together in the time that we have, but it can be done,” Javid said during a panel discussion at the World Economic Forum in Davos, Switzerland. “And it can be done for both goods, where we want to see free trade, zero tariffs, zero quotas -- but also on services.”The House of Lords had tried to amend the Brexit legislation to enhance EU citizens’ rights in Britain, allow judges -- rather than ministers -- to decide on the use of rulings by European Courts, and to ensure unaccompanied refugee children can join family in the U.K. All the measures were rejected by the Commons. Johnson’s government rejected these changes and pushed the Lords to back down.(Adds Johnson comments from third paragraph.)\--With assistance from Lucy Meakin, Olivia Konotey-Ahulu, Ian Wishart and Jessica Shankleman.To contact the reporter on this story: Thomas Penny in London at tpenny@bloomberg.netTo contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Edward EvansFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 60/71   Wuhan goes on lockdown following coronavirus outbreak, but WHO isn't ready to declare global emergency
    WORLD TOPIC NEWS

    Wuhan, China, is on lockdown following the outbreak of a coronavirus in the city. The Chinese government decided Wednesday that it was necessary to quarantine the city, which is home to more than 11 million, by shutting down intra-city public transportation. Outbound flights and trains will also be canceled for the time being as efforts to learn more about the virus and how it spreads continue. The illness is believed to have started in Wuhan and has spread to several other countries, including a reported case in the United States. Overall, there have been more than 500 confirmed cases and 17 deaths.Despite the preventative measures being taken in Wuhan, the World Health Organization said Wednesday that it wasn't ready to declare the outbreak a global emergency. That could very well still happen -- and soon -- but at the moment things apparently aren't clear enough for the United Nations agency to issue that designation. Tim O'Donnell> Here's why the World Health Organization delayed declaring the Chinese coronavirus outbreak a global health emergency pic.twitter.com/orzgpr7kRt> > -- QuickTake by Bloomberg (@QuickTake) January 22, 2020More stories from theweek.com  Giants quarterback Eli Manning retires after 16 seasons  The White House is arguing the impeachment articles don't include allegations of a quid pro quo because the exact words don't appear  Several senators left the chamber in the middle of Adam Schiff's impeachment remarks

    Wuhan, China, is on lockdown following the outbreak of a coronavirus in the city. The Chinese government decided Wednesday that it was necessary to quarantine the city, which is home to more than 11 million, by shutting down intra-city public transportation. Outbound flights and trains will also be canceled for the time being as efforts to learn more about the virus and how it spreads continue. The illness is believed to have started in Wuhan and has spread to several other countries, including a reported case in the United States. Overall, there have been more than 500 confirmed cases and 17 deaths.Despite the preventative measures being taken in Wuhan, the World Health Organization said Wednesday that it wasn't ready to declare the outbreak a global emergency. That could very well still happen -- and soon -- but at the moment things apparently aren't clear enough for the United Nations agency to issue that designation. Tim O'Donnell> Here's why the World Health Organization delayed declaring the Chinese coronavirus outbreak a global health emergency pic.twitter.com/orzgpr7kRt> > -- QuickTake by Bloomberg (@QuickTake) January 22, 2020More stories from theweek.com Giants quarterback Eli Manning retires after 16 seasons The White House is arguing the impeachment articles don't include allegations of a quid pro quo because the exact words don't appear Several senators left the chamber in the middle of Adam Schiff's impeachment remarks


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  • 61/71   After China trade deal, Europe and U.K. next on Trump's to-do list
    WORLD TOPIC NEWS

    U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships.  Three years into his presidency, he has done just that, using a slew of tariffs, threats, and bilateral talks to shake up relations with nearly every major U.S. trading partner.  With a Phase 1 trade deal in hand with China, and a revamp of the North American Free Trade Agreement (NAFTA) complete at home, Trump is now turning his attention to Europe, post-Brexit Britain, and India.

    U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships. Three years into his presidency, he has done just that, using a slew of tariffs, threats, and bilateral talks to shake up relations with nearly every major U.S. trading partner. With a Phase 1 trade deal in hand with China, and a revamp of the North American Free Trade Agreement (NAFTA) complete at home, Trump is now turning his attention to Europe, post-Brexit Britain, and India.


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  • 62/71   Don't Forget These Vaccines When You Travel
    HEALTH TOPIC NEWS

    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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  • 63/71   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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  • 64/71   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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  • 65/71   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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  • 66/71   Is It Time for a Medication Reconciliation?
    HEALTH TOPIC NEWS

    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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  • 67/71   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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  • 68/71   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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  • 69/71   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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  • 70/71   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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  • 71/71   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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