October 22, 2020

US: Ex-FBI Director Andrew McCabe loses appeal to avoid criminal charges

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From Newsmax The Justice Department on Thursday notified lawyers for former FBI Deputy Director Andrew McCabe, a frequent target of President Donald Trump’s wrath, that they have rejected his appeal to avoid being criminally charged, according to multiple news outlets citing multiple unnamed sources. The move likely clears the way for him to be indicted for […]

Jeffrey Epstein has a steel safe in a room nobody can enter on his Caribbean island, ex-employee says

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From The Week The size and provenance of his wealth and the intricacies of his alleged sex trafficking operation are not the only mysteries surrounding Jeffrey Epstein. There are questions about why he did not have to register as a sex offender in New Mexico, where he owns a large ranch with a 26,700-square-foot mansion, and why prosecutors and police in New […]

Credit card debt closed 2018 at a record $870 billion

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From Newsmax U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. ‘The increase in credit card balances is consistent with seasonal patterns but marks the first time credit […]

US: FDA warns against using young people’s blood to halt aging

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From Newsmax Taking a young person’s plasma and infusing it into an older person to ward off aging — a therapy that’s fascinated some of the biggest names in Silicon Valley — has no proven clinical benefit, the Food and Drug Administration said. The agency issued a safety alert on Tuesday about the infusion of […]

Trump says Brexit deal could mean U.K. can’t trade with U.S.

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From Newsmax President Donald Trump said U.K. Prime Minister Theresa May’s Brexit agreement could jeopardize the country’s ability to trade with the U.S. “Right now as the deal stands she may not — they may not be able to trade with the U.S. and I don’t think they want that at all, that would be […]

Greenspan touts Swedish model for entitlement spending

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From Newsmax The U.S. could follow Sweden’s example to solve its problems with the welfare state, former Federal Reserve Chairman Alan Greenspan said. Greenspan, who argues in his latest book that the growth of spending on social benefits corresponds to less innovation and entrepreneurship, said the real problem with entitlements was the refusal to fund […]

Apple CEO Cook to reap $120 million from Trump Stock Rally

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From Newsmax Apple Inc.’s Tim Cook is set to collect stock worth about $120 million this week thanks to a run-up in shares of the iPhone maker. On Friday, Cook stands to receive 280,000 shares tied to his continued service as chief executive officer. He’ll get as many as 280,000 additional shares if Apple’s stock-market […]

Americans are spending like crazy at restaurants

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From Newsmax Spending at U.S. restaurants surged over the past three months by the most on record, making it both a bright spot for the economy and a risk if appetites for eating out return to normal. Sales at food-service and drinking establishments rose 1.3 percent in July to $61.6 billion, the Commerce Department reported […]

Rupert Murdoch’s News Corp. falls most in 5 Years on Foxtel spending

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From Newsmax Rupert Murdoch’s News Corp. fell the most in more than five years after the company said it will invest more in its Australian cable network. On an earnings call Thursday, Chief Financial Officer Susan Panuccio said there will be “some short-term reinvestment required” at the business, called Foxtel, to attract subscribers, as well […]

US: Uber death elicits warning from union leery of robo-truckers

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From Newsmax The largest union for U.S. truck drivers, which has taken a cautious view of autonomous vehicles, called for stronger safeguards after a self-driving SUV operated by Uber Technologies Inc. killed a pedestrian in Phoenix on Sunday. In a statement, the International Brotherhood of Teamsters said it was “deeply concerned” with how self-driving vehicles […]