UPDATED 3:25 PM PST – Wednesday October 9, 2019
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Global regulators are also wary of how the digital currency will impact the financial system, based on the wild market cycles of similar currencies like Bitcoin.
FILE – In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington. (AP Photo/Andrew Harnik, File)
The push towards cryptocurrency has been hindered by an ongoing federal investigation, which is looking into the Facebook’s privacy and advertising practices. Democrat Representative Maxine Waters has voiced opposition to the company and its ever-growing reach. Earlier this year, she called for Facebook to cease development of Libra.
“The type of change that will reconfigure the financial system to be tilted towards people, not the institutions serving them, will be hard,” the Libra Association said. “Commitment to that mission is more important to us than anything else — We’re better off knowing about this lack of commitment now, rather than later.”
The #Libra Association is today announcing plans for a simple global currency and financial infrastructure. Find out more https://t.co/VPS7LllcNn #blockchain #cryptocurrency pic.twitter.com/mdHymhsrcH
Libra was first announced back in June as a “simple global currency” that would “empower people around the world.”
Facebook CEO Mark Zuckerberg is set to testify before the House Financial Services Committee over the platform’s plans to implement its own digital currency. Sources close to the matter this week said Zuckerberg will be the only witness at the hearing later this month. The hearing will mark his first appearance before a congressional committee since 2018.
The Libra Association was initially composed of a handful of large firms, but PayPal Holdings has since severed ties with the project. The digital payments company announced their official separation on Monday, which the association quickly responded to.
— Libra (@Libra_) June 18, 2019
The new currency was created to boost e-commerce and advertisements within the app. Facebook plans to release the cryptocurrency in 2020, but a number of factors may halt the company’s progress.
UPDATED 11:10 AM PST – Sat. August 31, 2019
FILE – In this July 17, 2015, file photo, flowers and a portrait of Kate Steinle remain at a memorial site on Pier 14 in San Francisco. A California state appeals court has thrown out the sole conviction against an immigrant who fatally shot Steinle on the San Francisco waterfront in 2015. The 1st District Court of Appeal on Friday, Aug. 30, 2019, overturned a gun conviction against Garcia-Zarate because the judge failed to instruct the jury on one of his defenses. Garcia-Zarate is in custody and facing federal gun charges. (Paul Chinn/San Francisco Chronicle via AP, File)
Earlier Friday, an appeals court reversed Jose Inez Garcia-Zarate’s 2017 conviction for possession of a firearm by a felon.
The bullet then ricocheted off a concrete-walkway, before fatally striking Steinle. Garcia-Zarate then threw the gun into the bay. He was deported five times before Steinle’s death, sparking a nationwide debate over sanctuary city policies.
This comes after he accused a judge of failing to tell the jury it’s not a crime to “momentarily” have a gun. The 46-year-old claims he found the firearm on a San Francisco pier, picked it up, and it “accidentally” went off.
An illegal alien acquitted of killing Kate Steinle back in 2015 sees his gun conviction overturned by a San Francisco court.
UPDATED 10:40 AM PT — Sunday, July 28, 2019
He said the missiles were ‘short-range,’ commonly used by many countries, and therefore did not pose a threat to the U.S.
President Trump downplays last week’s missile tests by North Korea.
North Korea successfully test fired two short-range missiles last week in an apparent warning to South Korean military warmongers.
In fact, the President went on to tout his healthy working relationship with Chairman Kim Jong Un, saying the relationship remains in good condition and the tests were not carried out in bad faith against the U.S.
“He didn’t say a warning to the United States. I can tell you that. he didn’t say a warning to the United States” President Trump said.
“They are short range missiles and my relationship is very good with Chairman Kim and we’ll see what happens. But they are short range missiles, and many people have those missiles” President Trump said.
This Thursday, July 25, 2019, photo provided on Friday, July 26, 2019, by the North Korean government shows a test of a missile launch in North Korea. A day after two North Korean missile launches rattled Asia, the nation announced Friday that its leader Kim Jong Un supervised a test of a new-type tactical guided weapon that was meant to be a “solemn warning” about South Korean weapons introduction and its rival’s plans to hold military exercises with the United States. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: “KCNA” which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP)
.@AOC ain’t nothing but s Hounddog just crying/lying all the time.. do you think the news covers her way too much?
Ocasio-Cortez continues to compare border conditions to ‘concentration camps,’ critics accuse her of misinformation campaign
U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., has sparked controversy in recent weeks with arguably increasingly inflammatory rhetoric in her conversations about the conditions at the U.S.-Mexico border. Despite coming under fire last month for … See More saying the U.S.government is “running concentration camps on our southern border,” Ocasio-Cortez once again made the same comparison on Twitter on Tuesday. On Monday, after traveling to a border detention center in El Paso, Texas, with almost a dozen members of the Congressional Hispanic Caucus, she blasted border officials as “violent” and “inhumane” while claiming agents forced detained migrant women and children to drink toilet water.
Current and former immigration officials rejected the congresswoman’s allegations and accused her of pulling a political stunt. Hispanic pastors who toured the same facility Ocasio-Cortez visited said the conditions at the detention center were “drastically different” than what she described. They said they were “shocked at the misinformation of the crisis at the border.” The controversy over AOC’s latest comments come as afederal judge ruled Tuesday that the Trump administration cannot categorically detain asylum seekers while they pursue their cases.
Navy SEAL rejoices in not guilty verdict
Navy SEAL Edward Gallagher said he feels thankful and vindicatedafter a jury on Tuesday found him not guilty on almost all charges he was facing, including murder and attempted murder, in the 2017 killing of a teenage ISIS war prisoner in Iraq. “I’m happy and I’m thankful,” Gallagher told reporters after the verdict, as he joked with his legal team that “it’s Independence Day,” his freedom coming days before the Fourth of July. Jurors did find him guilty of the seventh charge, posing for a photo with a corpse, considered the least egregious of the crimes, which carries a maximum prison sentence of four months. Having already served seven months in confinement ahead of the trial, Gallagher, a Bronze Star recipient, is expected to go home a free man after his sentencing, his defense lawyers said.
Trump detractors sound the alarm as military vehicles roll in for July 4 celebrations
Appearing on “Deadline: White House,” MSNBC’s Joy Reid insisted on Tuesday that President Trump is using the upcoming Fourth of July “Salute to America” celebration as a “threat” to Americans who oppose him. Trump has longed talked about showing off America’s military capabilities in celebration of Independence Day, and now his vision is coming to fruition as tanks arrive in Washington, D.C., ahead of Thursday’s festivities. Reid claimed that Trump aspires to be a “mini” North Korean leader Kim Jong Un or Russian President Vladimir Putin. According to Fox News’ Geraldo Rivera, these kind of complaints are the ramblings of Trump haters.
Still, as preparations were underway Trump’s July 4 celebration, a few problems emerged along the way as military vehicles were hauled into the capital city. On Tuesday, a flatbed carrying the tanks was apparently unable to clear an underpass, according to photos tweeted by a Politico reporter. A crane was later employed to resolve the issue. Retired U.S. Army Gen. Thomas Spoehr, director of the Heritage Foundation’s Center for National Defense, told the Daily Reporter that some local roads are ill-equipped to handle the weight of the tanks.
Missing Connecticut woman’s estranged husband maintains innocence
Fotis Dulos, a Connecticut real-estate developer charged in connection with the disappearance of his estranged wife Jennifer Dulos, maintained his innocence Tuesday during his first sit-down interview about the case, claiming he’s “worried” about his wife and never wished her “ill in any way.” “I know what I’ve done, I know what I haven’t done,” the 51-year-old Greek immigrant told New York City’s WNBC-TV. “I have to stand and fight and hope that the truth is going to come out.” Jennifer Dulos, 50, hasn’t been seen since dropping her children off at school in New Canaan, Conn., on May 24.
Remembering Lee Iacocca
Lee Iacocca, the father of the Ford Mustang and former chairman of Chrysler, has died of natural causes at his home in Bel Air, Calif., his family said Tuesday. He was 94. Iacocca, born in Allentown, Pa., on Oct. 15, 1924 as the child of Italian immigrants, started working at Ford Motor Co. in 1946 and is heralded as the leader of the team that created the first Mustang in 1964. He ascended to CEO of the company in 1970 but was fired by Henry Ford Jr. in 1978. He moved on to Chrysler Corp. in 1978 and became the CEO a year later, pulling the company out of bankruptcy after taking it over. Iacocca successfully persuaded the federal government to provide the company a $1.2 billion loan in 1979 and made major cuts to the workforce, slashing wages — including his own, which he shrunk to $1 a year — and closing plants. He also introduced fuel-efficient cars and the minivan. His effortswere successful and Chrysler made a comeback, profiting $20 million. The turnaround made Iacocca a media star. Later, he was a key figure in the restoration of the Statue of Liberty and creation of the Ellis Island museum.
DOJ says citizenship question being dropped from 2020 Census.
Former Google exec ran ‘sex ring,’ estranged wife claims in civil complaint.
Vatican to open two tombs in decades-old disappearance of teen.
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2020 Dems take shots at Trump And They Are All Blank! Ready For A Reload?
2020 Dems take shots at Trump, clash over policy proposals during Round 1
The first primary debate of the 2020 presidential election season saw cracks of daylight emerge in a Democratic field that has largely played to the progressive base,with the candidates clashing sharply over controversial policies like “Medicare-for-all” and calls to decriminalize illegal border crossings — while taking ample shots at … See More President Trump in the process. Staking out the left flank of the party Wednesday night in Miami were Sen. Elizabeth Warren, D-Mass. — the highest-polling candidate in the first debate batch — and long-shot Bill de Blasio, the New York City mayor. They were the only candidates to raise their hands when asked who’s willing to give up their private health insurance for a government option. Warren went on to staunchly defend 2020 rival Sen. Bernie Sanders’ “Medicare-for-all” plan.
Beto O’Rourke, the one-time media darling in the crowded Democratic field who has watched his poll numbers wilt in recent months, looked to regain much of his lost momentum on Wednesday night. While he was among a handful of candidates who gave some responses in Spanish, he repeatedly found himself on the receiving end of swipes from rivals, especially former Housing Secretary Julian Castro.
Among the candidates looking for breakout moments, Castro may have come the closest with his controversial call for the decriminalization of illegal border crossings, challenging his fellow presidential hopefuls to agree to repeal the section of the Immigration and Nationality Act that applies. He called out O’Rourke by name for not supporting his proposal, saying, “I think you should do your homework on this issue. If you did your homework on this issue you would know that we should repeal this section.” Discussing the heartbreaking photo that emerged this week of a migrant father and toddler daughter who drowned trying to cross the Rio Grande, Castro said it “should piss us all off.”
President Trump, who was on his way to Osaka, Japan, for the G-20 Summit, watched at least the first half-hour of Wednesday’s debate, tweeting a one-word verdict of the event: “BORING!” He later swiped at NBC News and MSNBC for technical difficulties that marred part of the telecast.
Despite their differences on major issues, the candidates – especially Warren — rallied to downplay economic successes and growth under the Trump administration. “It’s doing great for a thinner and thinner slice at the top,” Warren said of the economy.The Trump campaign and Republican National Committee rapid response team, though, sent email blasts and tweets “fact-checking” and defending the president’s economic record and the creation of “6 million jobs” since Election Day 2016.
Biden, Sanders to share the stage, more fireworks expected in Round 2
The second round of the first Democratic primary debate will take place in Miami on Thursday and will feature the current frontrunner, former Vice President Joe Biden, and U.S. Sen. Bernie Sanders, I-Vt., on the same stage. The debate will also include these eight candidates: U.S. Sen. Michael Bennet of Colorado; South Bend, Ind., Mayor Pete Buttigieg;U.S. Sens. Kirsten Gillibrand of New York and Kamala Harris of California; Colo. Gov. John Hickenlooper; U.S. Rep. Eric Swalwell of California; author Marianne Williamson; and businessman Andrew Yang
Ahead of G-20 Summit, Trump vows more tariffs on China if no deal is reached
Before leaving for the G-20 Summit, President Trump, in an exclusive interview with Fox Business’ Maria Bartiromo on Wednesday, vowed to impose additional tariffs on China if a trade deal is not reached. “When tariffs go on in China, we are taking in billions and billions of dollars,” Trump said. “We never took in 10 cents — now you have another $325 billion that I haven’t taxed yet. It’s ripe for taxing — for putting tariffs on.” Trump is expected to meet with Chinese President Xi Jinping on Saturday to discuss trade between the world’s two largest economies. The result could have broad implications for the markets and the global economy.
Although it’s “possible” to reach a good deal, Trump said his “plan B” may include a 10 percent tariff on the remaining “$600 billion” worth of Chinese goods. Besides Xi, Trump’s agenda in Osaka includes sit-downs with Russian President Vladimir Putin, Turkey’s Recep Teyyip Erdogan, Saudi Crown Prince Mohammed bin Salman, Germany’s Angela Merkel and Japanese Prime Minister Shinzo Abe.
Woman recalls falling ill in Dominican Republic, says doctor flagged possible poisoning
A Canadian woman who stayed at a Bahia Principe resort in the Dominican Republic in 2016alleges that she fell critically ill after being exposed to a strong chemical odor in her room, and that she has battled multiple health problems ever since. Tina Hammell told CNN that the smell in her room at the Grand Bahia Principe Punta Cana resort woke her and her husband from a nap. Hammell is one of several people who have come forward to tell reporters about having fallen ill — sometimes requiring hospitalization — while at a resort in the Dominican Republic. After she and her husband returnedhome to Ontario, doctors told her that she may have been poisoned by something in the Dominican Republic.
Possible new clue is search for missing Utah college student
Salt Lake City police reportedly served a search warrant Wednesday at a home connected to the disappearance of a missing Utah college student, reports said. Mackenzie Lueck, 23, was last seen June 17 near a Salt Lake City park after she was dropped off by a Lyft driver. The University of Utah student was returning from her grandmother’s funeral in California. Assistant Chief Tim Doubt said there is a “nexus” between the home and Lueck’s disappearance, but he did not say if anyone has been arrested, the Salt Lake Tribune reported. The Lyft driver, who was cleared as a suspect, told police he dropped off Lueck around 3 a.m. at Hatch Park, where another car was waiting for her.
Sen. Lindsey Graham: Nancy Pelosi is ‘biggest loser’ now that Mueller will testify.
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Lawmakers seek to rescind Medals of Honor from soldiers at Wounded Knee massacre.
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