MagaFirstNews Archive

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Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

FILE PHOTO: U.S. President Trump arrives aboard Air Force One at Joint Base Andrews, Maryland
FILE PHOTO: U.S. President Donald Trump walks down the steps of Air Force One as he returns to Washington from a trip to New York City at Joint Base Andrews, Maryland, U.S., May 17, 2019. REUTERS/Leah Millis

May 19, 2019

WASHINGTON (Reuters) – Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday.

The newspaper, citing five current and former Deutsche Bank employees, said executives at the German-based bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.

The Times said the transactions, some of which involved Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to the former bank employees.

Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes, according to the newspaper.

The Times reported the bank employees viewed the decision not to report the transactions as a result of a lax approach to money laundering laws. They said there was a pattern of bank executives rejecting reports to protect relationships with lucrative clients, according to the newspaper.

One employee who reviewed some of the transactions said she was terminated last year after raising concerns about the bank’s practices, the Times reported.

The Times quoted a Deutsche Bank spokeswoman as saying investigators were not prevented from escalating activity identified as potentially suspicious. The spokeswoman described as “categorically false” any suggestion that bank staff were reassigned or fired in an effort to quash concerns related to any client. She also said Deutsche Bank has intensified efforts to combat financial crime.

A spokeswoman for the Trump Organization, which oversees many of Trump’s business interests, said the company was not aware of any flagged transactions and currently has no operating accounts with Deutsche Bank, according to the Times.

“The New York Times tries to create scandalous stories which are totally false when they run out of things to write about,” a spokeswoman for Kushner Companies said in a statement to Reuters.

Officials at Deutsche Bank and the Trump Organization were not immediately available to Reuters for independent comment.

The Times said the nature of the transactions was not clear. At least some of them involved money flowing back and forth with overseas entities or individuals, which bank employees considered suspicious.

The report surfaces at a time when congressional and New York state authorities are investigating the relationship between Trump, his family and Deutsche Bank, and demanding documents related to any suspicious activity.

Trump has sued in court in an attempt to block U.S. House of Representatives subpoenas for his financial records that were sent to Deutsche Bank, Capital One Financial Corp and the accounting firm Mazars LLP.

(Reporting by David Morgan; Editing by Kevin Drawbaugh and Chris Reese)

Source: OANN

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Italian police seize migrant boat, risking stand-off with deputy PM

FILE PHOTO: Rally of European nationalist and far-right parties ahead of EU parliamentary elections in Milan
FILE PHOTO: Italy's Deputy Prime Minister Matteo Salvini addresses a major rally of European nationalist and far-right parties ahead of EU parliamentary elections in Milan, Italy May 18, 2019. REUTERS/Alessandro Garofalo

May 19, 2019

MILAN (Reuters) – Italian prosecutors have ordered the seizure of a rescue boat anchored outside the port of Lampedusa in Sicily, triggering a potential tug-of-war with Deputy Prime Minister Matteo Salvini who has pledged to stop the migrants from disembarking.

Tax police officers have boarded Sea Watch 3 to seize the vessel, the websites of several Italian dailies reported, adding the move would eventually open the way for the 47 immigrants on board to disembark.

Sources at the interior ministry, which is headed by Salvini, criticized the prosecutors’ move, adding the minister was still opposed to the migrants disembarking from what he considers an “illegal ship”.

(Reporting by Francesca Landini; Editing by Mark Potter)

Source: OANN

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Baghdad’s Green Zone targeted in rocket attack, no casualties reported, military says

A large explosion was heard in central Baghdad on Sunday night after an apparent rocket attack on the Iraqi capital's heavily fortified Green Zone but no casualties were reported, according to officials.

The Iraqi Military said in a statement that a Katyusha rocket "fell in the middle of the Green Zone without causing any losses."

The Green Zone is where Iraqi government headquarters and the U.S. Embassy are located in the capital city. Iraq's state-run news agency said the rocket crashed inside the area without causing any casualties.

TOURIST BUS HIT BY ROADSIDE BOMB NEAR EGYPT'S GIZA PYRAMIDS; INJURIES REPORTED

Alert sirens sounded briefly in Baghdad after the explosion was heard, according to Associated Press reporters on the east side of the Tigris River.

The Katyusha multiple rocket launcher is an inexpensive type of rocket artillery that can deliver explosives to a target quicker than conventional artillery, but is less accurate, according to Reuters.

The apparent attack comes amid heightened tensions across the Persian Gulf, after the White House ordered warships and bombers to the region earlier this month to counter an alleged, unexplained threat from Iran. The U.S. embassy in Baghdad and its consulate in the northern city of Erbil evacuated non-essential staff this week, following the escalating tensions with Iran.

Recent tensions in the Persian Gulf between the U.S. and Iran have caused several companies and countries to pull out people.

LARGE US WARSHIPS TRAIN TOGETHER IN ARABIAN SEA WITH EYE ON IRAN THREATS, NAVY SAYS

An Iraqi oil official told the Associated Press on Saturday that employees of energy giant Exxon Mobil have started evacuating an oil field in the southern province of Basra. The official, who spoke on condition of anonymity because he was not authorized to speak to the media, said all those who are being evacuated are foreigners or Iraqis who hold other nationalities.

The official did not give numbers but said the first group left two days ago and another batch left early Saturday.

On Saturday afternoon, Bahrain ordered all of its citizens to immediately leave Iraq and Iran, amid rising tensions. Bahrain's Foreign Ministry cited the "unstable situation in the region and the grave developments and threats that threaten security and stability."

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Baharin is a small, Sunni-ruled island nation off the coast of Saudi Arabia. It regularly accuses Iran of stirring dissent in its Shiite-majority population.

Iraq hosts more than 5,000 U.S. troops and is home to powerful Iranian-backed militias, some of whom want those U.S. forces to leave.

The Associated Press contributed to this report.

Source: Fox News World

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Biden Caught with Crack Pipe

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Breitbart News has exclusively obtained a heretofore unreported-on police report from days before the 2016 presidential election that describes how a cocaine pipe that authorities determined was used to smoke cocaine was found in a rental car returned to an Arizona Hertz location in the middle of the night. Also found in the vehicle were several personal effects of Hunter Biden, then-Vice President Joe Biden’s son, like two of his DC driver’s licenses, multiple credit cards, and personally identifying information like a Delaware Attorney General badge and a U.S. Secret Service business card that police said bore his name. Hunter Biden, according to the police report, had rented the vehicle from a location in California with the intent to return it to the Prescott, Arizona, location, where it was discovered the morning after it was dropped off with the drug paraphernalia and Hunter Biden’s personal effects inside.

Instead of returning the car keys to the drop box where after-hours returns are supposed to go, the car was returned—according to the police report—with the keys left in the gas tank compartment of the vehicle. Also found inside the vehicle, per the police report, were two drivers’ licenses both bearing Hunter Biden’s legal name Robert Biden, as well as “some credit cards with the same name,” “a secret service business card,” and an “Attorney General’s badge” all contained inside a wallet that Hertz rental employees discovered—along with a pipe that Hertz employees thought and police later confirmed was used to smoke illicit drugs, as well as “a white powdery substance in the arm rest of the vehicle.”

Read More:
https://www.breitbart.com/politics/2019/05/17/exclusive-2016-arizona-police-report-cocaine-pipe-found-in-car-rented-by-joe-bidens-son-hunter-biden-authorities-declined-to-prosecute/

Source: The Washington Pundit

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One dead, two injured in Indiana house explosion

One person is dead and two more were injured after an explosion decimated a home in Jeffersonville, Indiana, early on Sunday morning.

Just before 5 a.m., a blast destroyed the home and sent debris flying across the Capitol Hills neighborhood, setting a car on fire and damaging about 20 surrounding homes, the Courier-Journal reports.

Neighbors said that they knew a man and woman lived at the home, but were not clear on who the third victim might be. All three injured people were taken to the University of Louisville Hospital, where one individual was pronounced dead and the other two are still being treated. The names have not yet been released and their conditions are not known, according to Sgt. Jason Ames, a Jeffersonville Fire Department spokesman.

Neighbor William Short said he was awakened by the sound of the explosion, and saw what looked like fireworks coming from the house.

PULASKI SKYWAY REMAINS SHUT DOWN AFTER CHEMICAL PLANT FIRE NEAR NEW YORK CITY

TEXAS CHEMICAL FIRE KILLS 1 WORKER, INJURES 2 AT HOUSTON-AREA CHEMICAL PLANT

After the first blast, he reported hearing a second boom, which shattered his windows.

"You don’t never think you’re going to wake up and see your neighbor’s house completely gone," he said.

At least five of the houses affected by the blast are considered to be unlivable now, according to local reports.

CLICK HERE TO GET THE FOX NEWS APP

Authorities are now working to determine what may have caused the blast.

Source: Fox News National

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Golf: Bethpage Black turns into beast in windy final round at PGA

PGA: PGA Championship - Third Round
May 18, 2019; Bethpage, NY, USA; Brooks Koepka during the third round of the PGA Championship golf tournament at Bethpage State Park - Black Course. Mandatory Credit: Brad Penner-USA TODAY Sports

May 19, 2019

By Andrew Both

FARMINGDALE, N.Y. (Reuters) – Bethpage Black turned into a beast on Sunday as a strong and gusty southerly wind whipped across the Long Island course, presenting Brooks Koepka with perhaps the biggest obstacle he needs to overcome in pursuit of victory at the PGA Championship.

After three days of relative calm, players’ skills and patience were being tested to the limit on a course that everyone except Koepka struggled to tame in relatively benign conditions over the first 54 holes.

With everyone in the final round having to deal with the difficult conditions, the strong winds raised the likelihood of some big changes on the leaderboard.

Koepka prepared to tee off at 12 under par, a record seven shots clear of fellow Americans Dustin Johnson, Luke List and Harold Varner III and Thailand’s Jazz Janewattananond.

A victory would be Koepka’s fourth major in less than two years, following the 2017 and 2018 U.S. Opens and the 2018 PGA Championship.

There were some good early scores on Sunday morning before the wind whipped up, with American Beau Hossler shooting a six-birdie, four-bogey two-under-par 68.

But the course average was already three shots over the par of 70, and rising with each passing minute.

Phil Mickelson was among the casualties on Sunday, battling his way to a six-over-par 76.

“It’s certainly challenging but there’s nothing over the top because the greens are somewhat receptive,” he said, referring to the soft putting surfaces.

“I thought it was a great set-up to identify who’s playing the best.”

Mickelson finished at 12-over 292, but the American was a clear number one with the rowdy fans.

As boisterous as the spectators have been this week, one can only imagine what it will be like when Bethpage hosts the 2024 Ryder Cup, when Mickelson could be captain on the home team.

(Reporting by Andrew Both, editing by Pritha Sarkar)

Source: OANN

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Morehouse graduation speaker to pay off student loans of entire 2019 class

The keynote speaker at Morehouse College’s commencement ceremony announced a grant Sunday wiping out the student debt of the entire 2019 graduating class.

Billionaire Robert Smith’s surprise gift in front of nearly 400 graduating seniors may be worth about $40 million, officials said.

"My family is going to create a grant to eliminate your student loans," Smith said, according to WXIA-TV. "You great Morehouse men are bound only by the limits of your own conviction and creativity."

12-Year-Old Reporter Gives Commencement Speech At University

Tonga Releford, whose son Charles Releford III is a member of the Class of 2019, estimated that his student loans total about $70,000, according to the Atlanta Journal-Constitution.

“I feel like it’s Mother’s Day all over again,” she said.

The announcement elicited the biggest cheers of the morning.

"When Dr. King said that the 'arc of the moral universe bends toward justice,' he wasn't saying it bends on its own accord. It bends because we choose to put our shoulders into it together and push," Smith told the ceremony, according to WXIA.

MOTHER, SON GRADUATE COLLEGE TOGETHER IN SURPRISE CEREMONY

Smith was the recipient of an honorary doctorate from Morehouse during the commencement.

Morehouse College is an all-male historically black college located in Atlanta.

Smith is the founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data and technology-driven companies.

He is a graduate of Cornell and Columbia Business School.

CLICK HERE TO GET THE FOX NEWS APP

Morehouse announced in January a $1.5 million donation from Smith for student scholarships and a new park on campus.

The Associated Press contributed to this report.

Source: Fox News National

VOTE FOR DJ TRUMP
FILE PHOTO: U.S. President Trump arrives aboard Air Force One at Joint Base Andrews, Maryland
FILE PHOTO: U.S. President Donald Trump walks down the steps of Air Force One as he returns to Washington from a trip to New York City at Joint Base Andrews, Maryland, U.S., May 17, 2019. REUTERS/Leah Millis

May 19, 2019

WASHINGTON (Reuters) – Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday.

The newspaper, citing five current and former Deutsche Bank employees, said executives at the German-based bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.

The Times said the transactions, some of which involved Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to the former bank employees.

Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes, according to the newspaper.

The Times reported the bank employees viewed the decision not to report the transactions as a result of a lax approach to money laundering laws. They said there was a pattern of bank executives rejecting reports to protect relationships with lucrative clients, according to the newspaper.

One employee who reviewed some of the transactions said she was terminated last year after raising concerns about the bank’s practices, the Times reported.

The Times quoted a Deutsche Bank spokeswoman as saying investigators were not prevented from escalating activity identified as potentially suspicious. The spokeswoman described as “categorically false” any suggestion that bank staff were reassigned or fired in an effort to quash concerns related to any client. She also said Deutsche Bank has intensified efforts to combat financial crime.

A spokeswoman for the Trump Organization, which oversees many of Trump’s business interests, said the company was not aware of any flagged transactions and currently has no operating accounts with Deutsche Bank, according to the Times.

“The New York Times tries to create scandalous stories which are totally false when they run out of things to write about,” a spokeswoman for Kushner Companies said in a statement to Reuters.

Officials at Deutsche Bank and the Trump Organization were not immediately available to Reuters for independent comment.

The Times said the nature of the transactions was not clear. At least some of them involved money flowing back and forth with overseas entities or individuals, which bank employees considered suspicious.

The report surfaces at a time when congressional and New York state authorities are investigating the relationship between Trump, his family and Deutsche Bank, and demanding documents related to any suspicious activity.

Trump has sued in court in an attempt to block U.S. House of Representatives subpoenas for his financial records that were sent to Deutsche Bank, Capital One Financial Corp and the accounting firm Mazars LLP.

(Reporting by David Morgan; Editing by Kevin Drawbaugh and Chris Reese)

Source: OANN

FILE PHOTO: Rally of European nationalist and far-right parties ahead of EU parliamentary elections in Milan
FILE PHOTO: Italy’s Deputy Prime Minister Matteo Salvini addresses a major rally of European nationalist and far-right parties ahead of EU parliamentary elections in Milan, Italy May 18, 2019. REUTERS/Alessandro Garofalo

May 19, 2019

MILAN (Reuters) – Italian prosecutors have ordered the seizure of a rescue boat anchored outside the port of Lampedusa in Sicily, triggering a potential tug-of-war with Deputy Prime Minister Matteo Salvini who has pledged to stop the migrants from disembarking.

Tax police officers have boarded Sea Watch 3 to seize the vessel, the websites of several Italian dailies reported, adding the move would eventually open the way for the 47 immigrants on board to disembark.

Sources at the interior ministry, which is headed by Salvini, criticized the prosecutors’ move, adding the minister was still opposed to the migrants disembarking from what he considers an “illegal ship”.

(Reporting by Francesca Landini; Editing by Mark Potter)

Source: OANN

A large explosion was heard in central Baghdad on Sunday night after an apparent rocket attack on the Iraqi capital‘s heavily fortified Green Zone but no casualties were reported, according to officials.

The Iraqi Military said in a statement that a Katyusha rocket “fell in the middle of the Green Zone without causing any losses.”

The Green Zone is where Iraqi government headquarters and the U.S. Embassy are located in the capital city. Iraq’s state-run news agency said the rocket crashed inside the area without causing any casualties.

TOURIST BUS HIT BY ROADSIDE BOMB NEAR EGYPT’S GIZA PYRAMIDS; INJURIES REPORTED

Alert sirens sounded briefly in Baghdad after the explosion was heard, according to Associated Press reporters on the east side of the Tigris River.

The Katyusha multiple rocket launcher is an inexpensive type of rocket artillery that can deliver explosives to a target quicker than conventional artillery, but is less accurate, according to Reuters.

The apparent attack comes amid heightened tensions across the Persian Gulf, after the White House ordered warships and bombers to the region earlier this month to counter an alleged, unexplained threat from Iran. The U.S. embassy in Baghdad and its consulate in the northern city of Erbil evacuated non-essential staff this week, following the escalating tensions with Iran.

Recent tensions in the Persian Gulf between the U.S. and Iran have caused several companies and countries to pull out people.

LARGE US WARSHIPS TRAIN TOGETHER IN ARABIAN SEA WITH EYE ON IRAN THREATS, NAVY SAYS

An Iraqi oil official told the Associated Press on Saturday that employees of energy giant Exxon Mobil have started evacuating an oil field in the southern province of Basra. The official, who spoke on condition of anonymity because he was not authorized to speak to the media, said all those who are being evacuated are foreigners or Iraqis who hold other nationalities.

The official did not give numbers but said the first group left two days ago and another batch left early Saturday.

On Saturday afternoon, Bahrain ordered all of its citizens to immediately leave Iraq and Iran, amid rising tensions. Bahrain’s Foreign Ministry cited the “unstable situation in the region and the grave developments and threats that threaten security and stability.”

CLICK HERE FOR THE FOX NEWS APP

Baharin is a small, Sunni-ruled island nation off the coast of Saudi Arabia. It regularly accuses Iran of stirring dissent in its Shiite-majority population.

Iraq hosts more than 5,000 U.S. troops and is home to powerful Iranian-backed militias, some of whom want those U.S. forces to leave.

The Associated Press contributed to this report.

Source: Fox News World

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Breitbart News has exclusively obtained a heretofore unreported-on police report from days before the 2016 presidential election that describes how a cocaine pipe that authorities determined was used to smoke cocaine was found in a rental car returned to an Arizona Hertz location in the middle of the night. Also found in the vehicle were several personal effects of Hunter Biden, then-Vice President Joe Biden’s son, like two of his DC driver’s licenses, multiple credit cards, and personally identifying information like a Delaware Attorney General badge and a U.S. Secret Service business card that police said bore his name. Hunter Biden, according to the police report, had rented the vehicle from a location in California with the intent to return it to the Prescott, Arizona, location, where it was discovered the morning after it was dropped off with the drug paraphernalia and Hunter Biden’s personal effects inside.

Instead of returning the car keys to the drop box where after-hours returns are supposed to go, the car was returned—according to the police report—with the keys left in the gas tank compartment of the vehicle. Also found inside the vehicle, per the police report, were two drivers’ licenses both bearing Hunter Biden’s legal name Robert Biden, as well as “some credit cards with the same name,” “a secret service business card,” and an “Attorney General’s badge” all contained inside a wallet that Hertz rental employees discovered—along with a pipe that Hertz employees thought and police later confirmed was used to smoke illicit drugs, as well as “a white powdery substance in the arm rest of the vehicle.”

Read More:
https://www.breitbart.com/politics/2019/05/17/exclusive-2016-arizona-police-report-cocaine-pipe-found-in-car-rented-by-joe-bidens-son-hunter-biden-authorities-declined-to-prosecute/

Source: The Washington Pundit

One person is dead and two more were injured after an explosion decimated a home in Jeffersonville, Indiana, early on Sunday morning.

Just before 5 a.m., a blast destroyed the home and sent debris flying across the Capitol Hills neighborhood, setting a car on fire and damaging about 20 surrounding homes, the Courier-Journal reports.

Neighbors said that they knew a man and woman lived at the home, but were not clear on who the third victim might be. All three injured people were taken to the University of Louisville Hospital, where one individual was pronounced dead and the other two are still being treated. The names have not yet been released and their conditions are not known, according to Sgt. Jason Ames, a Jeffersonville Fire Department spokesman.

Neighbor William Short said he was awakened by the sound of the explosion, and saw what looked like fireworks coming from the house.

PULASKI SKYWAY REMAINS SHUT DOWN AFTER CHEMICAL PLANT FIRE NEAR NEW YORK CITY

TEXAS CHEMICAL FIRE KILLS 1 WORKER, INJURES 2 AT HOUSTON-AREA CHEMICAL PLANT

After the first blast, he reported hearing a second boom, which shattered his windows.

“You don’t never think you’re going to wake up and see your neighbor’s house completely gone,” he said.

At least five of the houses affected by the blast are considered to be unlivable now, according to local reports.

CLICK HERE TO GET THE FOX NEWS APP

Authorities are now working to determine what may have caused the blast.

Source: Fox News National

PGA: PGA Championship - Third Round
May 18, 2019; Bethpage, NY, USA; Brooks Koepka during the third round of the PGA Championship golf tournament at Bethpage State Park – Black Course. Mandatory Credit: Brad Penner-USA TODAY Sports

May 19, 2019

By Andrew Both

FARMINGDALE, N.Y. (Reuters) – Bethpage Black turned into a beast on Sunday as a strong and gusty southerly wind whipped across the Long Island course, presenting Brooks Koepka with perhaps the biggest obstacle he needs to overcome in pursuit of victory at the PGA Championship.

After three days of relative calm, players’ skills and patience were being tested to the limit on a course that everyone except Koepka struggled to tame in relatively benign conditions over the first 54 holes.

With everyone in the final round having to deal with the difficult conditions, the strong winds raised the likelihood of some big changes on the leaderboard.

Koepka prepared to tee off at 12 under par, a record seven shots clear of fellow Americans Dustin Johnson, Luke List and Harold Varner III and Thailand’s Jazz Janewattananond.

A victory would be Koepka’s fourth major in less than two years, following the 2017 and 2018 U.S. Opens and the 2018 PGA Championship.

There were some good early scores on Sunday morning before the wind whipped up, with American Beau Hossler shooting a six-birdie, four-bogey two-under-par 68.

But the course average was already three shots over the par of 70, and rising with each passing minute.

Phil Mickelson was among the casualties on Sunday, battling his way to a six-over-par 76.

“It’s certainly challenging but there’s nothing over the top because the greens are somewhat receptive,” he said, referring to the soft putting surfaces.

“I thought it was a great set-up to identify who’s playing the best.”

Mickelson finished at 12-over 292, but the American was a clear number one with the rowdy fans.

As boisterous as the spectators have been this week, one can only imagine what it will be like when Bethpage hosts the 2024 Ryder Cup, when Mickelson could be captain on the home team.

(Reporting by Andrew Both, editing by Pritha Sarkar)

Source: OANN

The keynote speaker at Morehouse College’s commencement ceremony announced a grant Sunday wiping out the student debt of the entire 2019 graduating class.

Billionaire Robert Smith’s surprise gift in front of nearly 400 graduating seniors may be worth about $40 million, officials said.

“My family is going to create a grant to eliminate your student loans,” Smith said, according to WXIA-TV. “You great Morehouse men are bound only by the limits of your own conviction and creativity.”

12-Year-Old Reporter Gives Commencement Speech At University

Tonga Releford, whose son Charles Releford III is a member of the Class of 2019, estimated that his student loans total about $70,000, according to the Atlanta Journal-Constitution.

“I feel like it’s Mother’s Day all over again,” she said.

The announcement elicited the biggest cheers of the morning.

“When Dr. King said that the ‘arc of the moral universe bends toward justice,’ he wasn’t saying it bends on its own accord. It bends because we choose to put our shoulders into it together and push,” Smith told the ceremony, according to WXIA.

MOTHER, SON GRADUATE COLLEGE TOGETHER IN SURPRISE CEREMONY

Smith was the recipient of an honorary doctorate from Morehouse during the commencement.

Morehouse College is an all-male historically black college located in Atlanta.

Smith is the founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data and technology-driven companies.

He is a graduate of Cornell and Columbia Business School.

CLICK HERE TO GET THE FOX NEWS APP

Morehouse announced in January a $1.5 million donation from Smith for student scholarships and a new park on campus.

The Associated Press contributed to this report.

Source: Fox News National

The U.S.-China trade war is not the only weight bearing on farm trade as China has suffered from a swine fever epidemic, forcing it to import more swine and causing worldwide meat prices to rise, The Wall Street Journal reported.

“It will affect all the proteins,” according to Tyson Foods Inc. Chief Executive Noel White at a May 15 conference in New York, per the report. “We’re already seeing that effect — prices are moving higher.”

U.S. farmers and processors produced a record 26.3 billion pounds of meat last year, but an estimated 33% more meat imported by China this year vs. last will stress the market and prices, according to the report.

China stands to lose 200 million hogs to African swine fever, which is harmless to humans but deadly for pigs, which far exceeds the 125 million pigs slaughtered in the U.S. in 2018, according to the Journal.

U.S. fast food restaurants like Wendy’s, McDonald’s, Burger King, and Dunkin Donuts expect to be impacted, per the report.

Source: NewsMax America

FILE PHOTO: Visitors walk past Huawei's booth during Mobile World Congress in Barcelona
FILE PHOTO: Visitors walk past Huawei’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo

May 19, 2019

By Angela Moon

NEW YORK (Reuters) – Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world.

Huawei Technologies Co Ltd will immediately lose access to updates to the Android operating system, and the next version of its smartphones outside of China will also lose access to popular applications and services including the Google Play Store and Gmail app.

Details of the specific services were still being discussed internally at Google, according to the source. Huawei attorneys are also studying the impact of the U.S. Commerce Department’s actions, a Huawei spokesman said on Friday. Huawei was not immediately reachable for further comment.

Representatives of the u.s. Commerce Department did not immediately have comment.

Huawei will continue to have access to the version of the Android operating system available through the open source license that is freely open to anyone who wishes to use it.

But Google will stop providing any technical support and collaboration for Android and Google services to Huawei going forward, the source said.

On Thursday the Trump administration officially added Huawei to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the technology giant to do business with U.S. companies.

(Reporting by Angela Moon; Additional reporting by Georgina Prodhan in London, and David Shepardson and Karen Freifeld in Washington; Editing by Kenneth Li and Daniel Wallis)

Source: OANN

FILE PHOTO: A man walks past fuel containers while vehicle queue to refuel with gasoline in Puerto Cabello
FILE PHOTO: A man walks past fuel containers while vehicle queue to refuel with gasoline in Puerto Cabello, Venezuela May 17, 2019. REUTERS/Manaure Quintero/File Photo

May 19, 2019

By Mariela Nava and Mircely Guanipa

MARACAIBO/PUNTO FIJO (Reuters) – Soldiers oversaw rationing of gasoline at service stations in several parts of Venezuela on Sunday as worsening fuel shortages forced angry drivers to wait for hours to fill their tanks, prompting protests in some areas.

Venezuela, whose economy is reeling from a painful five-year recession amid a prolonged political crisis, saw long lines of vehicles appear at services stations in several regions this week after a shutdown at the OPEC nation’s second-largest refinery.

Shortages have been exacerbated by tough U.S. sanctions on Venezuelan state oil firm Petroleos de Venezuela SA (PDVSA) in January, which have slashed crude oil exports and imports of refined fuels.

Washington recognized opposition head Juan Guaido as Venezuela’s rightful leader after he invoked the constitution in January to declare an interim presidency, saying President Nicolas Maduro rigged last year’s election.

Maduro calls Guaido a U.S. puppet and says Washington wants to control Venezuela’s oil reserves, the largest in the world. Dozens of people have been killed in political protests this year.

In the western city of San Cristóbal, close to the Colombian border, National Guard soldiers in anti-riot gear limited gasoline sales to 40 liters (10.6 gallons) per vehicle, witnesses said – roughly equivalent to a full tank on a compact vehicle.

Angry residents blocked streets with metal barriers, rubbish and branches in some parts of the city. At some gasoline stations, people said they had been waiting days for fuel.

“How can a country function like this?” asked Antonio Tamariz, 58, who said he had waited for days for fuel to drive his truck back to his farm. “No one has explained why there are so many lines for gasoline. I think the government is losing control of this.”

Venezuela’s Information Ministry – which handles media enquiries for the government – did not respond to requests for comment.

Oil Minister Manuel Quevedo said on Sunday his country’s oil industry was under siege from the U.S. government, causing supply problems.

In the southeastern industrial hub of Puerto Ordaz and the northwestern city of Punto Fijo, close to Venezuela’s largest refining complex, soldiers were ordered to deliver 40 and 30 liters respectively, according to a dozen witnesses.

In the western oil hub of Maracaibo, where power cuts and fuel shortages have been severe in recent months, National Guard soldiers allowed drivers only 20 liters (5.3 gallons) of fuel, witnesses said.

“They have taken control of the pumps,” said Rocio Huerta, a manager of a service station in Maracaibo. “Every five hours there are inspections by the Military Intelligence Division to measure how much gasoline is left.”

Victor Chourio, a 58-year-old taxi driver, said he had arrived at the gasoline station early on Saturday and waited for 12 hours without getting fuel.

“At two o’clock in the afternoon a soldier guard said that only 20 liters per vehicle … but at seven o’clock the gasoline ran out,” Chourio told Reuters.

Venezuela’s 310,000 bpd Cardon oil refinery – which had been operating well below capacity – halted operations on Wednesday because of damage at some of its units, two workers at the PDVSA-operated complex said. That left only two refineries in operation in Venezuela.

Internal PDVSA documents and Refinitiv Eikon data indicate that Venezuela had not imported a gasoline cargo since March 31.

The fuel shortages come on top of rolling powercuts in many parts of Venezuela as the government attempts to rotate electricity supplies to avoid a repeat of March’s week-long national blackout.

In Caracas, home to roughly a fifth of Venezuela’s more than 30 million people, there were few signs of widespread gasoline shortages as Maduro has prioritized services to the capital.

PDVSA said on its Twitter account on Friday that the government and the company would “ensure the supply and distribution of fuel throughout the national territory.”

PDVSA did not respond to a request for more information.

In some cities, security forces set up special gasoline pumps to deliver fuel for ambulances, medical personnel and official vehicles, a measure that aroused criticism among people who remained in rows often stretching for several kilometers.

Some drivers complained that rationing of fuel meant they would be forced to wait in line for hours once again within just a few days.

“This is not enough at all, between going to work and taking my children to school. It will run out in two days,” said Eduardo Pereira, a 47-year-old teacher in Puerto Ordaz, who was only allowed to buy 40 liters of fuel.

(Reporting by Mariela Navas in Maracaibo and Mircely Guanipa in Punto Fijo; Additional reporting by María Ramírez in Puerto Ordaz, Anggy Polanco in San Cristóbal, Keren Torres in Barquisimeto and Tibisay Romero in Valencia; Writing by Daniel Flynn and Corina Pons; Editing by Lisa Shumaker)

Source: OANN


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