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  • Five charged with insider trading involving U.S. health agency

    Golocal247.com news

    Five men, including a Washington political consultant and a federal employee, were criminally charged on Wednesday with engaging in an insider trading scheme based on leaks from within a federal healthcare agency.

    Wed, 24 May 2017 20:48:45 -0400
  • Playboy model sentenced for posting photo of unsuspecting nude

    Dani Mathers, the 2015 Playboy Playmate of the year, pleaded no contest on Wednesday to a criminal charge of invasion of privacy for secretly photographing a 70-year-old nude woman and was sentenced to 30 days of graffiti removal work, prosecutors said. Mathers last July posted to social media a picture of the woman in the shower area of a Los Angeles fitness center, city officials said. At her sentencing, the judge also placed Mathers on probation for three years, according to the Los Angeles City Attorney's Office.

    Wed, 24 May 2017 19:54:42 -0400
  • Eight guards, seven inmates injured in California prison melee

    Corrections officers at a maximum-security prison in Northern California opened fire with live ammunition on inmates to quell a melee on Wednesday that ended with eight guards and seven inmates sent to hospitals, prison officials said. The disturbance at maximum-security Pelican Bay State Prison began about 10:30 a.m. PDT when prison staff responded to a fistfight between two inmates, according to a statement from the California corrections department.

    Wed, 24 May 2017 19:50:00 -0400
  • California highway to be closed for months after Big Sur landslide

    Golocal247.com news

    A section of highway winding along California's breathtaking Big Sur coastline will probably remain closed for months by damage from a massive landslide unleashed by a rain-soaked hillside over the Pacific, state transportation officials said on Wednesday. After the wettest winter on record in the state, the collapse marked the third major closure in Big Sur, a roughly 76-mile stretch of the Pacific Coast Highway that hugs California's rugged Central Coast between Cambria and Carmel-by-the-Sea. The Big Sur portion of State Route 1 is designated as a National Scenic Byway for its spectacular coastal vistas and is famed as one of the longest stretches of largely undeveloped shoreline in the continental United States.

    Wed, 24 May 2017 18:56:19 -0400
  • Jury selected for Bill Cosby's sex assault trial

    Golocal247.com news

    Seven men and five women, including two black jurors, will determine comedian Bill Cosby's fate at his upcoming sexual assault trial in Pennsylvania, after claims from his lawyers that race played a factor in their selection. Judge Steven O'Neill seated the 12th and final juror on Wednesday, along with six alternates, after three days of jury selection in Pittsburgh ahead of what will be the biggest celebrity trial in years. Cosby's lawyers on Tuesday accused prosecutors of deliberately excluding black jurors, a charge that O'Neill rejected absent further evidence.

    Wed, 24 May 2017 18:40:11 -0400
  • Ivanka Trump meets human trafficking victims in Rome

    Ivanka Trump spoke with African women who were trafficked into prostitution and discussed ways to tackle the problem at a meeting on Wednesday in Rome that she described as a "privilege". The daughter of U.S. President Donald Trump, who as a White House adviser is seen as having increasing influence, met the women while accompanying her father on his first foreign trip. On her way to the closed-door encounter, Trump said she was looking forward to hearing how the 11 women, originally from Nigeria and the Horn of Africa, had rebuilt their lives.

    Wed, 24 May 2017 18:26:37 -0400
  • BNP Paribas to pay $350 million to settle New York currency-rigging probe

    Golocal247.com news

    French bank BNP Paribas on Wednesday agreed to pay $350 million to New York’s banking watchdog to resolve a probe of misconduct in its foreign exchange business, which the regulator said enhanced the bank's profits at customers' expense. More than a dozen traders and salespeople in New York and other trading hubs manipulated foreign exchange rates and engaged in other illegal activity while the bank failed to properly supervise the business, the New York Department of Financial Services (DFS) said in a statement. BNP Paribas said it "deeply regrets the past misconduct," which occurred between 2007 and 2013, the bank said in a statement Wednesday.

    Wed, 24 May 2017 17:00:58 -0400
  • Vermont governor snuffs legal pot, tells lawmakers to 'get it right'

    Golocal247.com news

    Scott said the bill should "make clear" that there will be no change in current penalties for giving or selling the drug to minors under 21 or near schools, and it should have stiffer penalties for smoking marijuana while driving or in front of children. Of the eight states and the District of Columbia that have legalized recreational marijuana, two - Massachusetts and Maine - are nearby, while Canada, to Vermont's north, is considering legalization.

    Wed, 24 May 2017 16:35:28 -0400
  • Teenage suspect sought in triple stabbing in Midtown Manhattan

    Golocal247.com news

    A 16-year-old boy stabbed three other teens near their high school in Midtown Manhattan on Wednesday and then fled, New York City police said. The attack grew out of a verbal dispute among the four youths that turned violent when the 16-year-old brandished a knife and began stabbing and slashing his classmates, police detective Ahmed Nasser said. The three victims - aged 15, 17 and 18 - were taken to a hospital with non-life-threatening injuries, Nasser said.

    Wed, 24 May 2017 16:29:33 -0400
  • Driver indicted in deadly Times Square attack, crash

    Golocal247.com news

    A grand jury has indicted the driver charged with killing a young woman and injuring 22 people when he careened through three blocks in New York City's crowded Times Square, prosecutors said on Wednesday. Richard Rojas, 26, is scheduled to be arraigned on the indictment on July 13. Authorities say Rojas drove his Honda sedan down Seventh Avenue on May 18, made a U-turn and mowed down pedestrians on the packed sidewalk for three city blocks before crashing.

    Wed, 24 May 2017 15:53:09 -0400
  • U.S. review criticizes U.S. handling of Honduras drug operation

    A joint U.S.-Honduras anti-drug operation that resulted in several fatal shootings in the Central American country in 2012 was poorly coordinated, according to an internal review on Wednesday. The review looked at three fatal incidents that were part of Operation Anvil, a 90-day pilot program designed to disrupt drug flights from South America to Honduras. Neither U.S. Drug Enforcement Administration agents nor Honduran tactical police involved in the operation had a clear understanding of "how their partners would respond to an imminent threat of death or serious physical injury," the report on the shootings found.

    Wed, 24 May 2017 15:17:51 -0400
  • Hundreds protest over minimum wage at McDonald's stockholder meeting

    Golocal247.com news

    Hundreds of fast-food workers demanded wage increases as they marched outside McDonald's Corp headquarters during the company's annual shareholder meeting on Wednesday. The demonstrators were part of a nationwide protest organized by "Fight for 15," a labor group that has regularly targeted McDonald's in calls for higher pay and union rights for workers. More than two dozen protesters were arrested outside the United Continental Holdings Inc shareholder meeting in downtown Chicago.

    Wed, 24 May 2017 15:16:32 -0400
  • Baltimore lawyer told rape victim Trump would deport her: prosecutors

    The lawyer, Christos Vasiliades, 38, also offered the woman and her husband a $3,000 bribe to stay away from court in order to get his client's 2016 felony rape charges dismissed, according to a grand jury indictment. Vasiliades and another man charged in the case, Edgar Rodriguez, last week told the woman's husband that the current environment for immigrants in the United States meant he and his wife risked being arrested by immigration agents if they testified, the indictment said. The husband had met with law enforcement ahead of the meeting with Rodriguez and Vasiliades and was wearing a recording device that captured their comments, the indictment said.

    Wed, 24 May 2017 14:56:24 -0400
  • New York firms offer 'Plan B' to staff ahead of summer transit woes

    Golocal247.com news

    Faced with this summer's partial shutdown of New York's Pennsylvania Station due to track repairs, some employers in the largest U.S. city are scrambling to come up with "Plan B" offerings to allow their suburb-dwelling staff to avoid the largely shuttered transit hub. Inquiries have spiked for temporary office spaces that do not require travel through the busiest train station in the U.S., where weeks-long outages in July and August are expected to trigger a travel nightmare for employees living in New Jersey and Long Island suburbs, according to businesses and real estate specialists. It is an effort to spare some 600,000 daily commuters from what New York Governor Andrew Cuomo predicted could be a "summer of agony," based on recent delays and cancellations triggered by a pair of derailments at the station infamous for its deteriorating tracks.

    Wed, 24 May 2017 14:45:32 -0400
  • U.S. blacklists members of Mexican drug trafficking group: Treasury

    WASHINGTON (Reuters) - The United States on Wednesday blacklisted Mexican national Jose Luis Ruelas Torres for leading what the U.S. Treasury Department said is a family organization that smuggles heroin across the border for sale in cities across the United States.

    Wed, 24 May 2017 14:39:19 -0400
  • Five charged with insider trading involving U.S. health agency

    Golocal247.com news

    Five men, including a Washington, D.C. political consultant and a federal employee, were criminally charged on Wednesday with engaging in an insider trading scheme based on leaks from within a federal healthcare agency.

    Wed, 24 May 2017 13:44:19 -0400
  • U.S. decision on expanded laptop ban not imminent: Homeland Security

    Golocal247.com news

    The U.S. Homeland Security Department said on Wednesday that no specific timeline had been set for a decision on whether to expand a ban on larger electronics as carry-on luggage for air travel. DHS spokesman David Lapan told reporters at a briefing there was "nothing imminent" that would require an immediate decision to expand the ban on laptops, which currently applies to 10 mostly Middle Eastern airports. In March, the United States announced laptop restrictions on flights originating from 10 airports, including in the United Arab Emirates, Saudi Arabia, Qatar and Turkey, because of fears a bomb could be concealed in electronic devices taken aboard aircraft.

    Wed, 24 May 2017 13:07:20 -0400
  • Convicted spy Pollard loses bid to relax U.S. parole conditions

    A federal appeals court on Wednesday rejected a bid by Jonathan Pollard, a former U.S. Navy intelligence officer convicted of spying for Israel, to relax his parole conditions. The 2nd U.S. Circuit Court of Appeals in Manhattan said the U.S. Parole Commission acted within its discretion in requiring Pollard to wear an electronic tracking device, obey a 7 p.m. to 7 a.m. curfew, and allow his computers to be monitored. Pollard, 62, was paroled in November 2015 after serving 30 years of a life sentence for espionage.

    Wed, 24 May 2017 11:54:37 -0400
  • Newark, N.J. airport reopens after United Airlines engine fire

    Golocal247.com news

    United Airlines Flight 1579, a Boeing 757, was on a taxiway bound for San Francisco at about 9 p.m. when the flames were spotted coming from its right-side engine, the Federal Aviation Administration said in a written statement. United spokesman Jonathan Guerin said the aircraft was notified of the apparent fire by the control tower and one person suffered an ankle injury while evacuating. Flight tracking website Flightaware.com said all inbound flights were being held at Newark until at least 11 p.m and advised passengers of delays of up to 90 minutes because of taxiway congestion.

    Wed, 24 May 2017 02:05:26 -0400
  • Texas House approves new voter ID bill after setbacks in court

    The Texas House of Representatives gave preliminary approval on Tuesday to a new bill on showing identification when voting after a previous voter ID law was struck down by U.S. courts which said it discriminated against black and Hispanic people. The measure called Senate Bill 5 is intended to remedy flaws found by courts in the previous Republican-backed law. Texas is the most-populous Republican controlled state.

    Wed, 24 May 2017 00:02:31 -0400
  • Connecticut proposes wage freeze, higher employee share for benefits

    Golocal247.com news

    Malloy's plan proposed to increase employee pension contributions by 2 percent of pay from 2019 financial year and reduce the state's share of pension contributions by $400 million to $500 million per year. The proposal aims to redesign the health insurance plan and to increase the employee share of premiums by 1 percent a year for existing employees from 2020 to 2022, raising the average contribution to 15 percent. Malloy, a Democrat, also proposed to freeze wages until 2019, before a 3.5 percent wage increase a year in 2020 and 2021.

    Tue, 23 May 2017 23:52:09 -0400
  • Woman arrested on charges of smuggling U.S. space technology to China

    A California woman was arrested on Tuesday on federal charges of conspiring to procure and illegally export sensitive space communications technology to her native China, the U.S. Justice Department said in a statement. Si Chen, also known as Cathy Chen, 32, could face a prison term of up to 150 years if convicted of all charges contained in the 14-count indictment returned against her by a federal grand jury on April 27, the department said.

    Tue, 23 May 2017 22:52:54 -0400
  • Unruly passenger aboard Hawaii flight prompted bomb scare: FBI

    Golocal247.com news

    The Federal Bureau of Investigation account of Saturday's disturbance was furnished in an affidavit supporting the criminal complaint against Anil Uskanli, 25, who was living in California under a temporary visa revoked after his arrest. Uskanli, making his first court appearance since he was arrested at Honolulu International Airport, was ordered by a federal magistrate judge to undergo a psychiatric evaluation. The FBI initially said the disturbance that Uskanli caused was serious enough for two U.S. warplanes to be scrambled to escort the passenger jet to Hawaii but provided few details of the incident until Monday.

    Tue, 23 May 2017 22:50:10 -0400
  • Trump budget cuts may stir backlash in rural America

    President Donald Trump’s proposals to slash federal aid to the poor, the sick and people living in rural areas reflect conservatives' demands for a smaller federal government but target many of the very people who voted for him last November. In his first detailed budget submission to Congress on Tuesday, Trump requested major reductions to programs that help poor families afford groceries and poor and disabled people get healthcare. Job training for unemployed coal miners would be threatened and drug treatment programs would face cuts at a time when heroin and prescription pill addictions are tearing at rural America.

    Tue, 23 May 2017 19:26:26 -0400
  • Trump seeks to slash $3.6 trillion of spending in austere budget

    Golocal247.com news

    U.S. President Donald Trump asked lawmakers on Tuesday to cut $3.6 trillion in government spending over the next decade, taking aim at healthcare and food assistance programs for the poor in an austere budget that also boosts the military. Although it is not expected to survive on Capitol Hill, the proposal puts numbers on Trump's vision of a government that radically cuts assistance to lower-income Americans. The biggest savings would come from cuts to the Medicaid healthcare program for the poor, which are embedded in a Republican healthcare bill passed by the House of Representatives.

    Tue, 23 May 2017 18:44:35 -0400
  • Woman arrested on charges of smuggling U.S. space technology to China

    A California woman was arrested on Tuesday on federal charges of conspiring to procure and illegally export sensitive space communications technology to her native China, the U.S. Justice Department said in a statement. Si Chen, also known as Cathy Chen, 32, could face a prison term of up to 150 years if convicted of all charges contained in the 14-count indictment returned against her by a federal grand jury on April 27, the department said. Chen, a resident of the Los Angeles suburb of Pomona, is accused of violating the International Emergency Economic Powers Act, which controls the export of certain goods and technology from the United States.

    Tue, 23 May 2017 18:43:13 -0400
  • Republicans push back against Trump plan to cut foreign aid

    Golocal247.com news

    By Yeganeh Torbati WASHINGTON (Reuters) - U.S. President Donald Trump's fellow Republicans in Congress on Tuesday assailed his proposed cuts in the diplomatic and foreign aid budget, making it unlikely the cutbacks in global health, peacekeeping and other programs will take effect. Senator Lindsey Graham, the Republican chairman of the Senate subcommittee responsible for diplomacy and foreign aid spending, said Trump's proposal to cut the diplomacy and aid budget by one third would "gut soft power." "If we implemented this budget, you'd have to retreat from the world or put a lot of people at risk," Graham told reporters. "This budget is not going to go anywhere." Congress sets the federal government budget, and Republicans who control both houses and Democrats have said they do not support such drastic cuts.

    Tue, 23 May 2017 18:37:38 -0400
  • North American leagues urge vigilance after Manchester attack

    Golocal247.com news

    North America's major sports leagues have strict safety procedures at their arenas but have urged fans attending games to be vigilant following Monday's suicide bombing at a pop concert in Manchester, England, officials said on Tuesday. The attack, which killed 22 people, has raised concerns in the U.S. ahead of the Memorial Day holiday weekend, when fans flock to baseball stadiums to kick off the summer. It also comes during the playoffs for the National Hockey League (NHL) and National Basketball Association (NBA), high-profile games that typically take place before sold-out crowds.

    Tue, 23 May 2017 17:49:42 -0400
  • SEC suspends some in-house court cases over hiring of judges

    The U.S. Securities and Exchange Commission has suspended some of its pending in-house court cases, after a Denver-based federal appeals court found the agency had violated the Constitution in how it hired its administrative law judges. In an order dated May 22, the SEC said it would suspend any cases in which a defendant will have an option to appeal a case before the Tenth Circuit Court of Appeals, which covers the states of Colorado, Kansas, New Mexico, Oklahoma, Utah and Wyoming. The SEC's order comes after that same appeals court earlier this month declined reconsider the ruling which found the SEC's hiring of its judges violated the Constitution's appointments clause.

    Tue, 23 May 2017 17:13:12 -0400
  • U.S. budget proposes allowing new toll roads, higher airline security fees

    The Trump administration wants to allow states to expand the use of tolling on interstate highways while sharply cutting grants for transit projects and raising airline passenger security fees, according to the White House budget released on Tuesday. The overall budget proposal is $76 billion, which the administration said is about the same as for 2016. About $60 billion of that is annual "mandatory spending," including road repairs paid through gas tax collections.

    Tue, 23 May 2017 17:05:42 -0400
  • Uber inadvertently underpaid New York City drivers for over two years

    Golocal247.com news

    Uber generally takes a commission from its drivers after deducting taxes and some fees, but it instead took a higher percentage from its New York City drivers using the full fare before accounting for sales taxes and fees, according to the Wall Street Journal, which first reported the news. "We are committed to paying every driver every penny they are owed - plus interest - as quickly as possible," Rachel Holt, Uber's regional general manager for U.S. and Canada, said via email. All New York City drivers under the 2014 agreement would be eligible for a refund, regardless of whether they are still active or not, as long as they completed an Uber ride, the Journal report said.

    Tue, 23 May 2017 16:33:38 -0400
  • In U.S. presidential first, Trump prays at Jerusalem's Western Wall

    Golocal247.com news

    President Donald Trump made a historic visit to Jerusalem's Western Wall on Monday, standing before the holiest place where Jews are permitted to pray and saying a few words before inserting a note between the monumental stones. One of them, Psalm 122, speaks of Jerusalem as a "city that is united together". The ancient stones are in a part of Jerusalem that Israel captured in the 1967 Middle East war.

    Tue, 23 May 2017 15:23:58 -0400
  • Texas House passes 'bathroom bill' targeting public schools

    The Texas House of Representatives gave formal approval on Monday to a bill that would restrict bathroom access for transgender students in public schools, a measure that critics say promotes discrimination against such children. The state's Republican-controlled legislature has been at the forefront in advancing measures seen by backers as protecting traditional values and religious liberty but criticized by civil rights groups as eroding protections for lesbian, gay, bisexual and transgender, or LGBT, people. The Texas House gave preliminary approval on Sunday night to the bill, which requires public school students to use bathrooms, changing facilities and locker rooms that match their biological sex, not the gender with which they identify.

    Tue, 23 May 2017 15:21:00 -0400
  • U.S. derivatives regulator splits with White House over budget

    The Republican-led U.S. derivatives regulator pushed back against White House efforts on Tuesday to rein in its fiscal 2018 budgets, saying it needs additional resources to carry out its mission to monitor the marketplace and analyze rules. In a somewhat unusual move, the Commodity Futures Trading Commission said on Tuesday it is seeking a $31.5 million boost on its current $250 million budget. The White House, by contrast, proposed to keep the budgets of both the CFTC and the Securities and Exchange Commission flat.

    Tue, 23 May 2017 15:13:48 -0400
  • Trump budget would sell entire U.S. Northeast gasoline reserve

    The Trump administration is proposing to sell off in the coming fiscal year the entire gasoline reserve created in the aftermath of Hurricane Sandy, according to its budget proposal unveiled on Tuesday. The U.S. Northeast Gasoline Supply Reserve (NGSR) was established in 2014 to minimize the impact of sudden supply interruptions, such as occurred in 2012 during Sandy, the second-costliest hurricane in the country's history. The gasoline reserve was established as part of the Strategic Petroleum Reserve (SPR).

    Tue, 23 May 2017 15:13:48 -0400
  • Ex-Eaton Vance trader pleads guilty in U.S. to options fraud

    A former Eaton Vance Corp portfolio manager pleaded guilty on Tuesday to an illegal options trading scheme that defrauded the company and allowed him to make $1.9 million in profits. Kevin Amell, who had been a vice president at the asset management company, pleaded guilty in Boston federal court to one count of securities fraud as part of a plea agreement that prosecutors announced last month. Under the deal, prosecutors are recommending a prison sentence of no more than 27 months, and Amell, 45, will forfeit $1.95 million.

    Tue, 23 May 2017 13:16:01 -0400
  • Amid opposition, Trump makes low budget request for Mexico border wall

    Golocal247.com news

    By Julia Edwards Ainsley WASHINGTON (Reuters) - President Donald Trump is asking Congress for $1.6 billion to begin building a wall along the border with Mexico, far short of the amount needed for a project sharply criticized by Democrats and even some conservative Republicans. An internal Department of Homeland Security (DHS) plan in February estimated the total cost for the wall at $21.6 billion, but the White House's budget proposal for 2018, released in full on Tuesday, included a request for just $1.6 billion. Two Republican aides in Congress said the modest request is an acknowledgement from the White House that full funding is not realistic given opposition from Freedom Caucus conservatives in the House of Representatives as well as Democrats in the House and the Senate.

    Tue, 23 May 2017 13:11:14 -0400
  • Trump budget to increase growth by boosting investment, labor force: Mnuchin

    Golocal247.com news

    WASHINGTON (Reuters) - The Trump administration believes its budget plan will boost economic growth by fostering capital investment and creating jobs for workers who gave up their job hunts during tough times, Treasury Secretary Steven Mnuchin said on Tuesday.

    Tue, 23 May 2017 13:01:44 -0400
  • Wikipedia can pursue NSA surveillance lawsuit: U.S. appeals court

    Golocal247.com news

    By a 3-0 vote, the 4th U.S. Circuit Court of Appeals in Richmond, Virginia said the Wikimedia Foundation, which hosts the Wikipedia online encyclopedia, can pursue a challenge to the government's "Upstream" surveillance program. The decision could make it easier for people to learn whether authorities have spied on them through Upstream, which involves bulk searches of international communications within the internet's "backbone" of cables, switches and routers. Upstream's existence was revealed in leaks by former NSA contractor Edward Snowden in 2013.

    Tue, 23 May 2017 12:49:47 -0400
  • Bond market braces for impact of New York's free tuition plan

    Golocal247.com news

    Little known private colleges that are already struggling to grow their revenues are facing a new threat that could further weaken their finances and make borrowing harder: free tuition at public universities. The State of New York passed in April a bill that will by 2019 offer free tuition at community colleges and public universities in the state to residents whose families make less than $125,000 per year. At least six other states are considering similar laws, to ease the burden of student debt that has doubled since 2008 to over $1.3 trillion, according to the Federal Reserve Bank of New York.

    Tue, 23 May 2017 08:55:48 -0400
  • Factbox: Key points of Trump's 2018 budget proposal

    Trump's first full budget would slash funding for healthcare and food assistance programs that help the poor while it trims the deficit. The plan - if agreed to by Congress - would cut $3.6 trillion in government spending over 10 years, balancing the budget by the end of the decade. THE WALL - Trump is asking Congress for $1.6 billion for fiscal 2018 to begin building a wall along the border with Mexico, far short of the amount needed for a project sharply criticized by Democrats and even some conservative Republicans.

    Tue, 23 May 2017 08:20:00 -0400
  • Trump budget wants to halve oil stockpile, open Arctic refuge to drilling

    U.S. President Donald Trump's White House wants to sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years, documents by the administration showed. The White House budget, which will be delivered to Congress on Tuesday, is meant as a proposal and may not take effect in its current form. The U.S. Strategic Petroleum Reserve, the world's largest, holds about 688 million barrels of crude oil in heavily guarded underground caverns in Louisiana and Texas.

    Tue, 23 May 2017 03:56:22 -0400
  • Trump budget calls for Wall Street regulators to face restructuring

    By Sarah N. Lynch WASHINGTON (Reuters) - Two Wall Street financial regulators would face cuts or major structural changes under President Donald Trump's fiscal 2018 budget proposal According to an Office of Management and Budget document on Monday, the U.S. Consumer Financial Protection Bureau, which was created by the 2010 Dodd-Frank reform law to protect borrowers from predatory lending, would undergo a "restructure." This would reduce the federal deficit by $145 million in the 2018 fiscal year, it said. The Securities and Exchange Commission, which polices securities markets, would have its reserve fund, established under Dodd-Frank, used to supplement its budget. In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns.

    Tue, 23 May 2017 03:45:20 -0400
  • White House proposes $46.54 billion in cuts to agriculture over ten years

    President Donald Trump's biggest cut would come in the form of a $38 billion bite out of farm supports, including new limits on federal subsidies for crop insurance premiums and caps for commodity payments. The overall proposed budget cuts would eliminate the Rural Economic Development program, which provides zero-interest loans to rural utilities and support to rural businesses. It would also reduce government coverage of costs for federal inspectors at meat plants starting in fiscal 2019 by implementing $600 million in annual user fees for the U.S. Department of Agriculture's Food and Safety Inspection Service.

    Tue, 23 May 2017 03:45:20 -0400
  • Trump's budget proposes converting some military grants to loans

    By Yeganeh Torbati and Mike Stone WASHINGTON (Reuters) - The Trump administration's budget proposal would convert some of the United States' foreign military grants to loans, part of a larger effort to slash spending on diplomacy, aid and programs abroad by more than 29 percent, the White House said on Monday. The cuts to programs under the State Department are in part meant to fund an increase in military spending. The White House budget documents showed total defense spending for the 2018 fiscal year at $603 billion, about 3 percent higher than President Barack Obama's proposed 2018 fiscal year defense budget.

    Tue, 23 May 2017 03:45:20 -0400
  • Trump's budget depends on strong growth, 'feedback' for balance

    President Donald Trump's promise to balance the federal budget in a decade rests on a sustained rise to 3 percent annual economic growth that he promised in his election campaign and a vague "feedback" effect that lowers the annual government deficit by hundreds of billions of dollars. The projections are a leap of faith that many economists and the Federal Reserve regard as unlikely in a country where the population is aging and productivity has lagged. According to the summary tables released by the administration on Monday night, the administration is assuming economic growth reaches 3 percent annually by the end of Trump's first term and stays there at least through 2027.

    Tue, 23 May 2017 03:45:20 -0400
  • Unruly passenger aboard Hawaii flight prompted bomb scare: FBI

    The Federal Bureau of Investigation account of Saturday's disturbance was furnished in an affidavit supporting the criminal complaint against Anil Uskanli, 25, who was living in California under a temporary visa revoked after his arrest. Uskanli, making his first court appearance since he was arrested at Honolulu International Airport, was ordered by a federal magistrate judge to undergo a psychiatric evaluation. The FBI initially said the disturbance that Uskanli caused was serious enough for two U.S. warplanes to be scrambled to escort the passenger jet to Hawaii but provided few details of the incident until Monday.

    Mon, 22 May 2017 23:11:28 -0400
  • Los Angeles art dealer gets jail for bilking clients out of $1 million

    Golocal247.com news

    A former Los Angeles art dealer who prosecutors say embezzled more than $1 million from clients including former Walt Disney Co President Michael Ovitz was sentenced on Monday to six months in jail. Perry Rubenstein, 63, was also ordered to pay $1.1 million in restitution to Ovitz and a second victim, Michael Salke, according to a spokesman for the Los Angeles County District Attorney's Office. Rubenstein pleaded guilty in March to two counts of grand theft by embezzlement in connection with the sale of art by Takashi Murakami and Richard Prince.

    Mon, 22 May 2017 21:04:06 -0400
  • Boston art heist solved? Nope, just fraud attempt, prosecutors say

    Golocal247.com news

    A West Virginia man was arrested on Monday and charged with fraudulently claiming he could sell some of the $500 million in artwork stolen from a Boston museum a quarter century ago, even though he had no access to the long-sought masterpieces. Todd Andrew Desper, 47, of Beckley, West Virginia, was accused of running a scheme in which he offered to sell Rembrandt's "Storm on the Sea of Galilee," and Vermeer's "The Concert," two of the 13 artworks stolen from the Isabella Stewart Gardner Museum in March 1990 in the largest art heist in U.S. history. Desper, who used the alias "Mordokwan," was charged with wire fraud and attempted wire fraud, and could face up to 20 years in prison if convicted.

    Mon, 22 May 2017 20:46:32 -0400
  • Trump administration wants Obamacare subsidy case put on hold, again

    Golocal247.com news

    By Lawrence Hurley and Yasmeen Abutaleb WASHINGTON (Reuters) - The Trump administration asked on Monday that a major federal court case weighing the fate of the Obamacare cost-sharing subsidies be put on hold again, leaving billions of dollars in payments to insurers up in the air for 2017 and 2018. The subsidies are available to low-income Americans who buy individual health insurance on the exchanges created under the 2010 Affordable Care Act, former President Barack Obama's signature healthcare law, popularly known as Obamacare.

    Mon, 22 May 2017 18:58:35 -0400
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