| 'He led from his soul': Barack Obama, Bill and Hillary Clinton remember Elijah Cummings in Baltimore Posted: 25 Oct 2019 10:31 AM PDT  Former presidents and world leaders delivered powerful eulogies at the funeral for Rep. Elijah Cummings, D-Md., who died on Oct. 17 at age 68.
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| Impeachment reveals rifts as GOP argues over how to defend Trump Posted: 26 Oct 2019 07:33 AM PDT  Public support for impeachment of President Trump is rising — and so is anxiety among Republicans who worry that the White House has not done enough to coordinate an aggressive response.
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| Russian woman convicted by U.S. of being agent returns home Posted: 26 Oct 2019 01:44 AM PDT  Russian national Maria Butina, who was jailed in the United States in April after admitting to working as a Russian agent, arrived in Moscow on Saturday, greeted by her father and Russian journalists who handed her flowers. "Russians never surrender," an emotional Butina told reporters at Moscow's Sheremetyevo airport, flanked by her father and the Russian Foreign Ministry's spokeswoman. Butina pleaded guilty in December last year to one count of conspiring to act as a foreign agent for Russia by infiltrating a gun rights group and influencing U.S. conservative activists and Republicans.
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| Ex-SS guard from Nazi camp on trial: I saw people led into gas chamber Posted: 25 Oct 2019 11:24 AM PDT  A 93-year-old former guard at the Nazi Stutthof concentration camp testified at his trial Friday in Germany that he once saw people being led into the gas chamber, followed by screaming and banging sounds behind the locked door.
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| N. Korea wants discussions on removing S. Korean facilities Posted: 25 Oct 2019 06:00 PM PDT  North Korea formally proposed discussions over the possible demolition of South Korean-made hotels and other tourist facilities at the North's Diamond Mountain resort that leader Kim Jong Un called "shabby" and "unpleasant-looking," officials in Seoul said. Pyongyang has been frustrated over the South's refusal to defy U.S.-led international sanctions and resume South Korean tours at the site. Lee Sang-min, spokesman of Seoul's Unification Ministry, said North Korea sent letters Friday addressed to South Korea's government and the Hyundai business group demanding that the South Koreans come to Diamond Mountain at an agreed-upon date to clear out their facilities.
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| Execution of killer who boasted how he made victim suffer is delayed due to lethal injection drug shortage Posted: 26 Oct 2019 06:41 AM PDT  A prisoner who killed his cellmate with a makeshift knife, and a padlock in a sock, has had his execution delayed because Ohio has run out of lethal injection drugs.James Galen Hanna, 65, boasted that he made cellmate Peter Copas, 43, "suffer pretty good" after stabbing him in the eye with a modified paintbrush before beating him for two hours.
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| Woman drives motorhome into Las Vegas-area casino after she was kicked out, police say Posted: 25 Oct 2019 04:58 PM PDT  A custodian suffered critical injuries in the incident at the Cannery casino but is expected to survive, according to authorities.
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| Mexican town turned to war zone fears new era of narco violence Posted: 25 Oct 2019 10:29 PM PDT  Culiacán (Mexico) (AFP) - The bullet holes splashed across the walls are an unnerving reminder to residents of Culiacan: There is no telling when the narco violence that terrorized the Mexican city last week could return. People in Culiacan are used to living alongside drug traffickers. It is, after all, the state capital of Sinaloa, home to the powerful drug cartel of the same name and its jailed kingpin, Joaquin "El Chapo" Guzman.
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| China's Military Parade Proves That Beijing Is Ready To Fight America Posted: 26 Oct 2019 02:30 AM PDT  Will the Pentagon's modernization initiatives be enough?
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| Botswana Ruling Party Poised to Extend 53-Year Hold on Power Posted: 24 Oct 2019 10:57 PM PDT ![Botswana Ruling Party Poised to Extend 53-Year Hold on Power]( "Botswana Ruling Party Poised to Extend 53-Year Hold on Power") (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterThe Botswana Democratic Party is poised for an election victory that would extend its 53-year-old hold on power.With counting continuing overnight in the southern African state hailed as the continent's oldest long-standing democracy, the BDP needed just three more constituencies to reach a majority. The Chief Justice is ready to officially announce the winner of the elections, Osupile Maroba, a spokesman for the Independent Electoral Commission, told reporters Friday in Gaborone, the capital.By 6 a.m., 40 of the 57 constituencies that make up Botswana's parliament were confirmed, with the BDP winning 26 and the main opposition party, Umbrella for Democracy, taking 11. The Botswana Patriotic Front, a breakaway party formed by former President Ian Khama, managed two seats, while the Alliance for Progressives had one.Under the constitution, the first party to reach 29 seats, or two thirds of the 57 parliamentary seats, wins the election and has the right to form the new government.Trend analysis show that the BDP's pending victory was built on voters in Botswana's southern regions -- traditionally opposition strongholds. The ruling party also retained key constituencies in the West and North, while the opposition UDC was able to power into the Central District, previously the exclusive domain of the ruling party.To contact the reporter on this story: Mbongeni Mguni in Botswana at mmguni@bloomberg.netTo contact the editors responsible for this story: Alastair Reed at areed12@bloomberg.net, Jacqueline Mackenzie, Ana MonteiroFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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| Vladimir Putin is looking unstoppable after a string of victories that Trump handed to him on a plate Posted: 26 Oct 2019 01:21 AM PDT  This week alone, the Russian president has usurped the US as a new kingmaker in Syria and gained a closer ally in Europe's backyard.
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| Flynn’s Lawyer Claims FBI Tampered with Interview Notes, Demands Charges Be Dropped Posted: 25 Oct 2019 02:06 PM PDT  Former national-security adviser Michael Flynn's lawyer claims in a new bombshell court filing that the FBI tampered with notes from his 2017 interview, during which Flynn pleaded guilty to lying.In a 37-page motion, attorney Sidney Powell called on the court to "dismiss the entire prosecution for outrageous government misconduct" over allegations that FBI agents manipulated a form summarizing Flynn's statements to investigators.The interview dealt with Flynn's contacts with Russian Ambassador Sergey Kislyak. In December 2017, Flynn pleaded guilty to charges that he lied to the FBI about his Russia contacts during his brief stint as national-security adviser. He is expected to be sentenced in December."Those changes added an unequivocal statement that 'Flynn stated he did not' — in response to whether Mr. Flynn had asked Kislyak to vote in a certain manner or slow down the UN vote [on sanctions]," Powell wrote. "This is a deceptive manipulation because, as the notes of the agents show, Mr. Flynn was not even sure he had spoken to Russia/Kislyak on the issue. He had talked to dozens of countries.""That question and answer does not appear in the notes, yet it was made into a criminal offense," Powell wrote in the motion. "The draft also shows that the agents moved a sentence to make it seem to be an answer to a question it was not."One of the FBI agents involved in the interview was Peter Strzok, who was fired from Special Counsel Robert Mueller's investigative team when text messages disparaging President Trump were discovered between him and FBI colleague Lisa Page, with whom he was having an affair.FBI brass sent Strzok and another agent to conduct an "ambush-interview" of Flynn explicitly to trap him into making statements they could claim were false, Flynn's defense team alleged."This amounts to conduct so shocking to the conscience and so inimical to our system of justice that it requires the dismissal of the charges for outrageous government conduct," Powell said.Flynn's defense team has also accused prosecutors of withholding classified information and other evidence favorable to Flynn."The government continues to hide evidence of the original 302 [the interview notes], other exculpatory texts, and other forms of information completely," Powell wrote.
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| The Latest: Russian spokeswoman blames US attitudes Posted: 26 Oct 2019 02:56 AM PDT  Russia's foreign ministry spokeswoman says Maria Butina, who returned to Moscow on Saturday after serving a sentence in the United States for being a covert agent, is a victim of entrenched anti-Russian attitudes. "This is what, unfortunately, the previous U.S. administration started — trying to destroy the bilateral relationship," Maria Zakharova told reporters at Sheremetyevo airport after Butina arrived.
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| Arkansas Hunter Dies After Deer He Shot Got Up and Attacked Him Posted: 24 Oct 2019 05:10 PM PDT  The attack happened around 6:30 p.m. October 24 when Thomas Alexander, 66, was hunting in Marion County, Ark. and shot a buck with his muzzleloader, which is a firearm that is loaded from the front of its barrel
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| The 6 Best Leaf Vacuums to Rid Your Yard of Autumn Debris Posted: 25 Oct 2019 11:08 AM PDT |
| RIP, Iran: Could the Regime Fall? Posted: 24 Oct 2019 11:00 PM PDT  It looks unlikely, but Iran is in a tough spot.
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| Right-wing pastor says Trump supporters will 'hunt down' Democrats when he leaves office Posted: 24 Oct 2019 09:57 AM PDT  President Donald Trump's supporters will "hunt down" Democrats and bring "violence to America" once the president leaves office, according to right-wing Christian pastor and conspiracy theorist Rick Wiles.On his apocalyptic TruNews programme, captured by Right Wing Watch, Mr Wiles said the president's impeachment or "however he leaves" office will inspire "veterans, cowboys, mountain men" and "guys that know how to fight" to bring "violence to America" by hunting down Mr Trump's political enemies.
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| A 14-year-old girl in Virginia disappeared 4 days ago with her mom's 34-year-old ex-boyfriend Posted: 25 Oct 2019 07:00 AM PDT  Isabel Hicks was last seen early Monday morning at her home in Bumpass, Virginia. She is believed to be with her mother's ex-boyfriend, Bruce Lynch.
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| U.S. Coast Guard hunts man who went overboard from cruise ship Posted: 24 Oct 2019 10:15 PM PDT ![U.S. Coast Guard hunts man who went overboard from cruise ship]( "U.S. Coast Guard hunts man who went overboard from cruise ship") A spokeswoman said the coast guard was preparing to launch a search-and-rescue cutter after midnight, with more than 10 of its crew having joined the initial stages of the search. A helicopter and a fixed-wing aircraft manned by divers and rescue equipment, including a hoist to lift a person out of the water, are also being deployed in the effort, she added. The ship, Carnival Dream, started a four-day cruise from Galveston on Thursday, the cruise operator Carnival Corp said.
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| Entire Chinese submarine crew suffocated to death Posted: 26 Oct 2019 08:01 AM PDT  On April 25, 2003 the crew of a Chinese fishing boat noticed a periscope drifting above the surface of the water. The fishermen notified the People's Liberation Army Navy (PLAN) which promptly dispatched two vessels to investigate to find all of the crew members dead.
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| Funeral set for girl abducted, killed in Alabama Posted: 25 Oct 2019 11:14 AM PDT  A funeral service is set for this weekend for a 3-year-old Alabama girl who was abducted from a birthday party and asphyxiated, and officials said Friday they are establishing a permanent reward fund in her memory. The service for Kamille McKinney was scheduled for Sunday afternoon, with burial to follow at Elmwood Cemetery. The funeral is planned for New Beginning Christian Ministry, where pastor Sylvester Wilson said the church has a 700-seat sanctuary and can use its fellowship hall as an overflow auditorium.
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| View Photos of Our Long-Term 2019 Honda Passport Posted: 25 Oct 2019 10:30 AM PDT |
| Pakistan confirms arrest of activist following US criticism Posted: 25 Oct 2019 01:46 PM PDT  Pakistan on Friday confirmed it detained the father of a prominent activist who has fled the country, in an incident that's fueled fears of a clampdown on dissent and sparked condemnation from the United States. "Prof. Mohammad Ismail has been detained by the law enforcement authorities in Peshawar in a case of cybercrime as per our laws," Foreign Ministry spokesman Mohammad Faisal said on Twitter. "Being a citizen of Pakistan, Prof. Ismail is entitled to due process and right of defence provided in the Constitution".
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| Facebook pledged $1bn to help California's housing crisis. Can't they pay their taxes instead? Posted: 25 Oct 2019 03:00 AM PDT  The goodwill offer will buy temporarily for the tech behemoth which has wreaked havoc on democracies across the worldFacebook's CEO, Mark Zuckerberg. 'After Facebook offers up the billion, perhaps Zuckerberg will consider paying more taxes.' Photograph: Brendan Smialowski/AFP/Getty ImagesOn Tuesday, Facebook announced it would contribute $1bn toward fixing California's existential housing crisis. This is a seemingly large number that will buy, temporarily, some goodwill for the tech behemoth, which has wreaked havoc on democracies across the world and hoovered revenue from news organizations.The $1bn in grants and loans would be used over the next decade. Elements include a $250m partnership with the state of California for mixed-income housing, $150m for subsidized and supportive housing for homeless people in the Bay Area, and $250m worth of land near Facebook's Menlo Park headquarters. It follows a $1bn pledge Google made earlier this year for a similar effort.Tech companies like Facebook have inexorably driven up rents in California's urban core, fueling wide-scale displacement and homelessness. Along with overly restrictive zoning, a failure of local municipalities to build more housing, and tenant laws that, until recently, were much friendlier to landlords, big tech's colonization of once affordable communities has ruined the lives of the working class and poor who can no longer afford to live near where they work.Yes, it's better that Facebook contributed $1bn to housing than nothing at all. But that fat round number is a sliver of California's $215bn budget and about 1/70th of Mark Zuckerberg's net worth. One billion, spent over a decade, will not significantly alter the lives of the people suffering most from the crisis. It amounts to little more than a PR salvo from a company in desperate need of a change in narrative.Were Facebook serious about paying reparations to the communities it has damaged, it would propose a figure far larger than $1bn. Zuckerberg would put his profits on the line to save California. But we know that won't happen. He is an oligarch of the new order, trying his best to mask his sin with a progressive sheen. He can't quite do it as well as he used to.After Facebook offers up the billion, perhaps Zuckerberg will consider paying more taxes. One of Facebook's great "accomplishments", as the Los Angeles Times reported in 2016, is dodging taxes. The tech giant offshored assets to Ireland, dropping its effective tax rate from 40 to 27% , beyond what was then the federal corporate rate of 35%.Paying more in taxes could help state and federal governments, which are actually accountable to voters, fund affordable housing initiatives. Locally, Facebook could make an actual difference by joining the titanic fight, set for November 2020, to repeal the hard limitation on raising California's property taxes that has existed since 1978.Affluent homeowners and commercial properties both see their increases capped annually; progressive policy wonks have long dreamed of increasing taxes on the major businesses, like Facebook, who pay relatively little to the state. There are businesses in California that have been paying property taxes based on assessments that haven't changed in 40 years.Facebook has been silent on repealing what is known in California as Proposition 13. If Facebook has any interest in doing more than carving out a crumb of its fortune for a meager housing initiative, it can start paying a tax bill commensurate with its civilization-altering wealth.If Facebook, however, inevitably joins other corporations in battling against raising taxes on businesses that could provide a windfall for schools and municipalities, it will, once again, expose itself for what it is: a hypocritical succubus on the body politic.
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| Education Secretary Betsy DeVos held in civil contempt for violating judge's order on student loan collection Posted: 25 Oct 2019 08:14 AM PDT  The Department of Education had been ordered to stop collecting on federal loans of students who attended Corinthian College, which closed in 2015.
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| Why the U.S. Has Nuclear Weapons in Turkey—And May Try to Put the Bombs Away Posted: 25 Oct 2019 12:39 PM PDT  By publicly confirming that the weapons were in Turkey, Trump has raised the political stakes should he try to remove them, and made it more difficult for the United States and Turkey to strike a quiet deal to that effect.
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| Saudi Prince Tells U.S. Congress to Get Over Its Frustrations Posted: 24 Oct 2019 08:23 PM PDT  (Bloomberg) -- Prince Turki Al-Faisal, a former Saudi intelligence chief and an influential royal family member, told U.S. lawmakers to get off their "high moralistic horses" as ties between the historical allies remain frayed a year after the murder of columnist Jamal Khashoggi.Prince Turki criticized congressional representatives on Wednesday for the "horror" and "disdain" they express for Saudi Arabia, saying U.S. lawmakers are unable to perform their jobs to address "issues of racism and racial inequality" and to reform gun ownership laws. He also said that most U.S. media has a "consistently blinkered view" of Saudi Arabia, one that portrays negative events in the kingdom as "being the norm."The murder last year of Khashoggi, a U.S resident and Washington Post columnist, as well as the long-running war and humanitarian crisis in Yemen and the detention of Saudi female activists have all strained the kingdom's relations with much of the Washington establishment outside the White House. Senior lawmakers in both parties remain unified on the issue of punishing the kingdom.Prince Turki spoke at an event in Washington about a week before Saudi Arabia hosts its annual investment forum, the Future Investment Initiative. The Oct. 29-31 event is set to attract some of Wall Street's top dealmakers, as well as representatives from major institutional investors across the globe, after many skipped the forum last year.Treasury Secretary Steven Mnuchin and Jared Kushner, a White House adviser and President Donald Trump's son-in-law, plan to attend the investment event. Mnuchin last year boycotted the investment meeting after Khashoggi was killed and dismembered by Saudi agents in Turkey.How many congressional leaders "have deigned to pay a visit to the kingdom?" Prince Turki said at the event. "Should they visit Riyadh they may learn something about universal health care, which the kingdom has provided for its citizens since its establishment" or "they may get an insight into our improving and evolving educational system."Saudi Arabia has been working hard to remake its image since the Khashoggi killing, marketing it as a tourist destination. It is building major tourism projects, transforming its Red Sea coastline to bring in holidaymakers and developing an entertainment city near the capital of Riyadh. The kingdom also said it plans to drop a requirement for men and women who visit to prove they're related in order to share a hotel room.Last month, Saudi Arabia announced it would drop its strict dress code for foreign women, who will no longer be required to wear an abaya, the flowing cloak that's been mandatory attire for decades. "Modest clothing" will still be called upon, according to Ahmed Al-Khateeb, chairman of the Saudi Commission for Tourism and National Heritage.Changes introduced by Crown Prince Mohammed bin Salman were praised on Thursday by Timothy Lenderking, the deputy assistant secretary for Arabian Gulf Affairs.Prince Mohammed is leading "very dynamic change" inside Saudi Arabia, Lenderking said at the same event as Prince Turki on Thursday. "The change is real, it's beneficial. The Saudi population, by and large, is responding very positively to it."(Updates to add State Department official's comments in final two paragraphs.)\--With assistance from Patrick Donahue.To contact the reporter on this story: Glen Carey in Washington at gcarey8@bloomberg.netTo contact the editors responsible for this story: Bill Faries at wfaries@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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| Hong Kong medics join protests against perceived police brutality Posted: 25 Oct 2019 06:11 PM PDT  Police have responded with tear gas, water cannon, rubber bullets and occasional live rounds, wounding several protesters, many of whom received treatment from volunteer first aiders at the roadside. A 26-year-old nurse, who gave his name only as Stephen, said police would often come into the hospital where he works on the Kowloon peninsula and stand outside the wards or search for protesters in the accident and emergency department. "The protesters have injuries.
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| Family safe after speeding car is knocked out of its path Posted: 24 Oct 2019 05:51 PM PDT  Traffic video released Wednesday by Phoenix police shows a car driven by Shannon Vivar making a right turn and unintentionally hitting the speeding vehicle out of the family's way as they crossed the street. Vivar's mother, Shirley, and her 3-year-old son were in the car with her. "I yelled, 'Oh my gosh, oh my gosh, Shannon!' And then we collided," Shirley Vivar said.
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| Report: Philadelphia inspector facing sex assault charges Posted: 24 Oct 2019 03:25 PM PDT  A Philadelphia police inspector is facing charges he sexually assaulted three female officers, the latest development in a department plagued by sexual misconduct allegations that fueled the police commissioner's recent resignation. A grand jury probe determined that Inspector Carl Holmes, 54, abused his power after mentoring female officers at the police academy and in other roles, District Attorney Larry Krasner's office announced. The charges come two years after the city settled a female detective's sexual harassment lawsuit involving Holmes for $1.25 million.
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| Northern Ireland's DUP grabs spotlight in Brexit showdown Posted: 25 Oct 2019 07:22 PM PDT  Northern Ireland's Democratic Unionist Party has been at the heart of Britain's Brexit saga, and its annual conference Saturday will see it try to maintain its prominent role. Once a fringe faction in parliament, Brexit has given the DUP added importance, with the party holding key votes that could have helped Conservative parliamentary allies and their Prime Minister Boris Johnson pass the EU withdrawal deal.
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| Undecided 2020 voters like Andrew Yang and Joe Biden the most of all the Democratic candidates Posted: 25 Oct 2019 07:05 AM PDT  The former vice president and the former entrepreneur respectively represent the establishment and the insurgency of the Democratic Party in 2020.
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| Texas gun laws: What happens when ‘good guys’ have guns? Posted: 24 Oct 2019 05:17 PM PDT  The "good guy with a gun" stopping a mass shooter is ingrained in many gun enthusiasts' minds. Here's what law enforcement says about what can happen.
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| If Iran Gets A Nuclear Weapon, Donald Trump Is To Blame Posted: 25 Oct 2019 10:00 AM PDT  U.S.-Iran relations are moving in the wrong direction.
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| Amnesty leaders condemn US's Remain in Mexico policy as 'disgrace' Posted: 25 Oct 2019 01:13 PM PDT  Leaders from US, UK, Kenya, Mexico, Greece and Canada said immigration program manufactured a crisis at borderAsylum seekers play at a migrant shelter in Tijuana, Baja California state, Mexico, on 18 October. Photograph: Guillermo Arias/AFP via Getty ImagesAmnesty International leaders from around the world on Friday decried the US policy of sending asylum-seekers back to dangerous Mexican border towns to wait for their immigration cases as an "international disgrace" that must be ended.During a visit to the US-Mexico border this week, Amnesty International leaders from the US, UK, Kenya, Mexico, Greece and Canada said the Remain in Mexico, or Migration Protection Protocols (MPP), program had manufactured a crisis at the border by sending more than 50,000 people to Mexico.The asylum seekers, mostly families from Central America, are waiting in some of the most dangerous cities in the world, where they must fend for themselves without healthcare, work opportunities or school for their children."The Remain in Mexico policy is nothing short of an international disgrace, rather than calling it a migration protection policy this is really a migrant rejection policy," said Irungu Houghton, the executive director of Amnesty International Kenya. "It is incompetent, it is inhumane, and it is a cruel way of dealing with people who are fleeing for their lives."Rather than funding programs that deal with the reasons why people are coming into the United States of America or even dealing with the consequences of dealing with these large numbers of people, precious resources are being spent militarizing borders and building walls," he added.Houghton noted that Kenya is currently hosting 468,000 refugees, while the US, a much bigger country, has drastically shrunk its refugee and asylum programs.Gabriel Sakellaridis, executive director of Amnesty International Greece, said he was shocked by the scenes at the border and the US had engineered a situation similar to Europe, which has been pushing asylum and refugee processing outside its borders."In both of these ways, we see the United States and Europe, who are two of the wealthiest and most prosperous areas in the world, trying to create a front yard in either Mexico, or in Turkey or in Libya, in order to avoid their obligations to international refugee law and human rights," Sakellaridis said.The Remain in Mexico policy started in Tijuana in January before being rolled out at other border cities. Trump administration officials have said it is effective at keeping people out of the US and is improving due process – the opposite of what advocates on the border have reported.This month, Human Rights First revealed at least 340 reports of rape, kidnapping, torture and other violent attacks against people returned to Mexico while they wait for their case to be heard in US immigration courtMargaret Huang, executive director of Amnesty International USA, said people they visited in camps in Matamoros, where more than 2,000 people are staying in squalid conditions, expect to be kidnapped and many had been kidnapped more than once."This expectation is part of the daily life waiting for their asylum cases to be considered," Huang said. "It's something that they all know will happen and it adds incredible stress to the already existing trauma these people have experienced."Kate Allen, executive director of Amnesty International UK, said "people's lives are absolutely being ruined" by the Remain in Mexico policy."This chaos of 50,000 people is completely self-inflected and unnecessary," Allen said.Like the other leaders, she commended the work of shelter operators in Mexico, legal aid providers, teachers and other volunteers trying to help refugees at the border. Allen said: "In all this what is quite wonderful is to see the way that civil society on both sides of the border is doing absolutely everything it can do, so ordinary people, who are taking action."
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| Top Mexican broadcasters feel the pinch from fewer government ads Posted: 24 Oct 2019 07:46 PM PDT  Revenue from government-sponsored publicity campaigns in Mexico has continued slide for the country's top two television broadcasters, part of President Andres Manuel Lopez Obrador's austerity push. Government ad spending on the country's most-watched television channels has fallen for four consecutive quarters. Televisa, Mexico's largest broadcaster, reported on Thursday that advertising sales in the third quarter fell by more than 5% to total 4.8 billion pesos ($243 million), compared to the same period last year, and pointed to government spending cuts as the main culprit.
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| Big VIX Options Trade Braces for a 2008-Like Volatility Surge Posted: 25 Oct 2019 01:10 PM PDT  (Bloomberg) -- Someone is betting big that the U.S. stock market is on track for the kind of turbulence not seen since the global financial crisis.Trading in call options on the Cboe Volatility Index, known as the VIX, outweighed puts by more than 2-to-1 on Friday with the index at its lowest level since July as stocks rallied. The standout trade was one block of 50,000 April $65 calls that were bought for 10 cents. Those contracts would imply a surge in the VIX of almost 500% from its current level.While the magnitude of the strike price is remarkable, Macro Risk Advisors derivatives strategist Maxwell Grinacoff said the April expiration date is even more interesting. That time frame could capture the impact of a potential recession, a breakdown in U.S.-China trade talks and a variety of political risks linked to the Democratic presidential primary and impeachment proceedings against Donald Trump, he said in an interview.The VIX uses options prices to track the 30-day implied volatility for stocks in the S&P 500 Index. It was trading around 13 on Friday as the benchmark equity gauge hovered near a record high.The last time the VIX traded near 65 was during the height of the global financial crisis. It touched a record high of 89.53 in October 2008, about five months before the S&P 500's rout reached its bottom.To contact the reporter on this story: Gregory Calderone in New York at gcalderone7@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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| SC sheriff guilty of misconduct, faces up to 1 year in jail Posted: 24 Oct 2019 08:43 PM PDT  A South Carolina sheriff faces up to a year in prison and will lose his job after a jury found him guilty Thursday of misconduct in office. A Greenville jury deliberated more than four hours before splitting its verdicts, finding suspended Greenville County Sheriff Will Lewis guilty of misconduct that involves corruption or fraud, but not guilty of misconduct that involves not doing a public job properly. Lewis is the ninth sheriff in South Carolina to be convicted of crimes while in office in the past decade.
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| Georgia high court declines to hear appeal or halt execution Posted: 25 Oct 2019 02:05 PM PDT  Ray Jefferson Cromartie, 52 is scheduled for a lethal injection Wednesday at the state prison in Jackson. Cromartie maintains his innocence, and his lawyers asked the Georgia Supreme Court for permission to appeal a lower court's rejection of a request for DNA testing and a request for a new trial. Cromartie still has other requests for relief pending in the courts.
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| Maserati ditches Taiwan film awards after China boycott Posted: 25 Oct 2019 01:18 AM PDT  Luxury Italian sports-car brand Maserati has cut sponsorship ties with Taiwan's top film awards, the latest international brand to bow to pressure from China on political issues. Maserati said on its official account on Weibo, China's Twitter-like online platform, that it had pulled out of sponsoring the upcoming Golden Horse Awards, often dubbed the "Chinese Oscars". The car company directly linked its decision to Beijing's stance on Taiwan, a self-ruled de facto independent nation for the last seven decades that China views as its own territory that must one day be seized, by force if necessary.
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| What's the dispute between Hillary Clinton and Tulsi Gabbard about? Posted: 24 Oct 2019 12:05 PM PDT  Much of the controversy is actually based on a misquote of Hillary Clinton's remarks about Rep. Tulsi Gabbard on a podcast.
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| Trump news: Leading ally of president lashes out over impeachment as accuser claims to have documents corroborating sexual assault Posted: 24 Oct 2019 09:59 AM PDT  A woman who appeared on the Apprentice reportedly has corroborating evidence supporting her claims that Donald Trump sexually assaulted her.Summer Zervos, who is suing Mr Trump for defamation, allegedly has evidence supporting claims that she was assaulted in a hotel room in 2007, according to The Hollywood Reporter.
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| Why Is The United States Importing Natural Gas From Russia? Posted: 26 Oct 2019 03:15 AM PDT  So much for energy independence.
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| In new blow to Mexico's crime fight, judge frees suspected cartel members Posted: 25 Oct 2019 03:35 PM PDT ![In new blow to Mexico's crime fight, judge frees suspected cartel members]( "In new blow to Mexico's crime fight, judge frees suspected cartel members") Twenty-seven of 31 suspected cartel members arrested this week in a Mexico City raid were freed by a judge, President Andres Manuel Lopez Obrador said on Friday, marking his government's second high-profile failure to keep suspected criminals locked up in as many weeks. The suspects were nabbed by security forces in a central district of the capital on Tuesday after authorities seized two laboratories used to produce synthetic drugs, 50 kg (110 pounds) of chemical precursors, more than two tons of marijuana and 20 kg of cocaine, as well as an unspecified amount of money, rocket launchers and grenades. Lopez Obrador, speaking at his regular morning press conference, said the unexpected release of the criminal suspects would be investigated but cautioned against a rush to judgment.
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