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National News

  • Norway wealth fund watchdog reviewing investment in U.S. pipeline firm

    The ethics watchdog for Norway's $1 trillion sovereign wealth fund is reviewing allegations that U.S. pipeline operator Energy Transfer Partners may breach the fund's investment guidelines. Under rules set by Norway's parliament, any firm the fund invests in must meet guidelines related to the environment, human rights, governance and other issues. The Standing Rock Sioux tribe has said it could contaminate the Missouri River and said it threatens their sacred sites.

    Mon, 23 Oct 2017 07:52:14 -0400
  • U.S. Army deserter Bergdahl faces life in prison as sentencing hearing opens

    Golocal247.com news

    The hearing at North Carolina's Fort Bragg is expected to include testimony from soldiers injured in the dangerous search for Bergdahl, who walked off his combat outpost in Paktika province to report what he said were "critical problems" in his chain of command. During his absence, the Idaho native was captured by the Taliban and spent the next five years suffering torture, abuse and neglect in captivity.

    Mon, 23 Oct 2017 07:22:10 -0400
  • New Jersey's Murphy echoes Sanders in Democratic bid for governor

    Golocal247.com news

    By Joseph Ax EDISON, N.J. (Reuters) - Phil Murphy, a wealthy former Goldman Sachs investment banker, might seem an unlikely champion of the working and middle classes. With Republican Governor Chris Christie's record-low approval ratings dragging down Guadagno's campaign, Murphy, a 60-year-old who has never held office, has pushed a decidedly liberal agenda that would put his state at the center of his party's resistance to the president's policies. "A lot of people assumed that after the Democratic primary was over, he would pivot more to the center - we haven't seen that happen," said Brigid Callahan Harrison, a political science professor at Montclair State University in New Jersey.

    Mon, 23 Oct 2017 07:11:29 -0400
  • Tornado leads to evacuations at Chevron's Pascagoula, Miss. refinery: report

    (Reuters) - Workers at Chevron's Pascagoula refinery in Mississippi were evacuated after a tornado hit the plant on Sunday afternoon, according to a website affiliated to NBC.

    Mon, 23 Oct 2017 03:54:52 -0400
  • Listeria risk prompts Meijer to recall produce in six U.S. states

    Golocal247.com news

    Retailer Meijer Inc said it was recalling packaged vegetables in six U.S. states because of possible contamination from Listeria monocytogenes bacteria, which can cause fatal food poisoning in young children, pregnant women and elderly or frail people. Meijer, based in Grand Rapids, Michigan, said there were no illnesses reported as of Sunday. The recall affects 35 products and includes vegetables such as broccoli, cauliflower and asparagus as well as party trays sold in Meijer-branded plastic or foam packaging in Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin between Sept. 27 and Oct. 20, the company said on Saturday.

    Sun, 22 Oct 2017 16:06:37 -0400
  • Strange twist in Texas murder case surfaces on death row, delaying execution

    Golocal247.com news

    Texas inmate Larry Swearingen, who has been sitting on death row for 17 years, may have been plotting to avoid his date with the execution chamber in November by having a serial murderer take the fall for his crime, according to a county prosecutor. The attorney said over the weekend that the county prosecution's collusion accusation is false and part of a series of blunders in a faulty prosecution.

    Sun, 22 Oct 2017 15:43:07 -0400
  • Schumer calls on Trump to appoint official to oversee Puerto Rico relief

    Golocal247.com news

    By Pete Schroeder WASHINGTON (Reuters) - Charles Schumer, the top Democrat in the U.S. Senate, called on President Donald Trump on Sunday to name a single official to oversee and coordinate relief efforts in hurricane-ravaged Puerto Rico. Schumer, along with Representatives Nydia Velàzquez and Jose Serrano, said a "CEO of response and recovery" is needed to manage the complex and ongoing federal response in the territory, where millions of Americans remain without power and supplies. In a statement, Schumer said the current federal response to Hurricane Maria's impact on the island had been "disorganized, slow-footed and mismanaged." "This person will have the ability to bring all the federal agencies together, cut red tape on the public and private side, help turn the lights back on, get clean water flowing and help bring about recovery for millions of Americans who have gone too long in some of the worst conditions," he said.

    Sun, 22 Oct 2017 15:13:06 -0400
  • McConnell on healthcare bills: What does Trump want?

    Golocal247.com news

    By Doina Chiacu WASHINGTON (Reuters) - U.S. Senate Republican leader Mitch McConnell said on Sunday he was willing to bring healthcare legislation up for a vote but was waiting for the go-ahead from President Donald Trump, who sent mixed signals last week about a bipartisan bill that would shore up insurance markets. The Republican president said on Oct. 12 that his administration would stop paying billions of dollars in subsidies that help insurers give discounts to low-income households under the Affordable Care Act, or Obamacare. Last week, he praised and then dismissed a bipartisan bill to reinstate the subsidies for two years, until a broader replacement to Obamacare can be negotiated.

    Sun, 22 Oct 2017 13:49:28 -0400
  • Search for missing Texas oil-barge crew members suspended

    A sea and air search was suspended on Sunday for two crew members who went missing after an oil barge caught fire early on Friday and leaked an undetermined amount of the fuel into the Gulf of Mexico off Port Aransas, Texas, authorities said. The search for the missing crew members was halted after it turned up no signs of the two, said U.S. Coast Guard Petty Officer Edward Wargo. Authorities are bringing in additional floating booms to contain oil around the barge, which is anchored about 3 miles off Port Aransas, a Coast Guard spokesman said.

    Sun, 22 Oct 2017 12:46:56 -0400
  • Trump video played at hurricane relief concert

    Golocal247.com news

    (Reuters) - In a rare show of unity, U.S. President Donald Trump praised all five of his living predecessors on Saturday, thanking them in a video for their work helping to raise funds to aid victims of recent hurricanes.

    Sun, 22 Oct 2017 01:48:12 -0400
  • Fox signed O'Reilly again knowing of new harassment settlement: report

    Golocal247.com news

    Bill O'Reilly, the Fox News commentator forced to resign in April, agreed to a $32 million sexual harassment settlement in January, and the network's parent knew about the deal when it gave him a new contract the next month, the New York Times reported on Saturday. The previously undisclosed agreement, at least the sixth involving O'Reilly or the company related to harassment charges against him, was "extraordinarily large" for such cases, according to the newspaper, which cited two people "briefed on the matter" as its sources. Twenty-First Century Fox Inc acknowledged that it had been aware of O'Reilly's settlement with Lis Wiehl, a former Fox News legal analyst, when it signed a contract extension with "The O'Reilly Factor" host in February.

    Sat, 21 Oct 2017 18:03:57 -0400
  • U.S. warns public about attacks on energy, industrial firms

    Golocal247.com news

    The U.S government issued a rare public warning that sophisticated hackers are targeting energy and industrial firms, the latest sign that cyber attacks present an increasing threat to the power industry and other public infrastructure. The Department of Homeland Security and Federal Bureau of Investigation warned in a report distributed by email late on Friday that the nuclear, energy, aviation, water and critical manufacturing industries have been targeted along with government entities in attacks dating back to at least May. The agencies warned that hackers had succeeded in compromising some targeted networks, but did not identify specific victims or describe any cases of sabotage. Department of Homeland Security spokesman Scott McConnell declined to elaborate on the information in the report or say what prompted the government to go public with the information at this time.

    Sat, 21 Oct 2017 17:18:51 -0400
  • A picture and its story: A neo-Nazi in the midst of a protest

    Golocal247.com news

    In August, rallies by white supremacists and neo-Nazis in Charlottesville, Virginia, had led to a deadly clash with counter-protesters. The area was blanketed by police because Florida’s governor had declared a state of emergency to try to prevent violence.

    Sat, 21 Oct 2017 14:37:07 -0400
  • Body of missing worker recovered after Louisiana oil rig explosion

    The body of Timothy Morrison, 44, of Katy, Texas, was recovered on Friday on the lake's shoreline in Jefferson Parish, Louisiana's equivalent to a county, Sheriff Joe Lopinto said in a video posted on Facebook. The Jefferson Parrish Sheriff's Office continued its search for five days.

    Sat, 21 Oct 2017 13:15:39 -0400
  • Federal judge in Hawaii expands block on Trump travel ban

    (Reuters) - A federal judge in Hawaii extended his halt of U.S. President Donald Trump's travel ban on citizens from six Muslim-majority countries.

    Sat, 21 Oct 2017 11:58:32 -0400
  • Trump to release JFK files, subject to 'further information'

    Golocal247.com news

    By David Brunnstrom WASHINGTON (Reuters) - U.S. President Donald Trump said on Saturday that, subject to receipt of further information, he planned to allow the opening of long-secret files on the November 1963 assassination of President John F. Kennedy due for release next week. Politico magazine earlier quoted Trump administration and other U.S. government officials as saying the president would almost certainly block the release of information from some of the thousands of classified files, which the U.S. National Archives is scheduled to make public by an Oct. 26 deadline. The Nov. 22 1963 assassination cut short "Camelot," as the 1,000 days of the Kennedy presidency became known.

    Sat, 21 Oct 2017 11:55:27 -0400
  • Plane by plane, New York greets Puerto Ricans displaced by hurricane

    Golocal247.com news

    There were only a few minutes left before baggage carousel No. 4 jolted to life at John F. Kennedy International Airport, soon to be ringed with people coming from Puerto Rico on one-way tickets they never would have bought if not for the hurricane. Moving at a canter, Emily Pagan and three colleagues from various New York state government agencies carted their fold-up table halfway down the Terminal 5 arrivals hall, setting it up by the carousel against a pillar.

    Sat, 21 Oct 2017 06:01:57 -0400
  • U.S. court blocks immigrant teen's bid to obtain abortion

    A U.S. appeals court on Friday prevented an illegal immigrant teenager detained by the government from immediately obtaining an abortion, although it left open the possibility she could undergo the procedure within days. The decision by a U.S. Court of Appeals for the District of Columbia Circuit panel gave the government until Oct. 31 to approve a sponsor, who could help the 17-year-old obtain the procedure without the government's assistance. If the U.S. Department of Health and Human Services (HHS) signed off on the sponsor, she "will be lawfully able, if she chooses, to obtain an abortion on her own," the court said.

    Fri, 20 Oct 2017 21:34:06 -0400
  • One dead, another missing after oil barge fire off Texas

    The barge was carrying some 133,000 barrels of crude oil to a refinery in Corpus Christi when the explosion occurred at 4:30 a.m., they said. The dead person had not yet been identified, said Rick Adams, Emergency Management Coordinator for the City of Port Aransas. Six of the eight crew members were rescued and did not suffer any serious injuries, Adams added.

    Fri, 20 Oct 2017 20:48:14 -0400
  • Alphabet balloon project to provide limited internet in Puerto Rico

    Golocal247.com news

    Experimental communications balloons provided by Alphabet Inc in collaboration with AT&T Inc will allow some of the carrier's customers in storm-ravaged Puerto Rico to send texts and access critical information on the internet, Alphabet said on Friday. Alphabet said the "Project Loon" balloon project would deliver limited internet connectivity to LTE enabled phones in the hardest-hit areas of Puerto Rico. The island's wireless and broadband communications networks were devastated after Hurricane Maria made landfall last month.

    Fri, 20 Oct 2017 18:55:54 -0400
  • U.S. court blocks immigrant teen's bid to obtain abortion

    By Lawrence Hurley and Ian Simpson WASHINGTON (Reuters) - A U.S. appeals court on Friday prevented a pregnant teen detained by the government as an illegal immigrant from immediately obtaining an abortion while leaving open the possibility that she could undergo the procedure within days. The decision by a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit on a 2-1 vote gave the government until Oct. 31 to approve a sponsor who could help her obtain the procedure without the government's assistance.

    Fri, 20 Oct 2017 18:06:16 -0400
  • Florida programmer sentenced to 16 months for bitcoin exchange scheme

    By Brendan Pierson NEW YORK (Reuters) - A Florida software engineer was sentenced to 16 months in prison on Friday after being found guilty of scheming to help an illegal bitcoin exchange avoid having banks and regulators look into its activities. Yuri Lebedev was sentenced by U.S. District Judge Alison Nathan in Manhattan, according to Nicholas Biase, a spokesman for federal prosecutors. The bitcoin exchange involved in the case, Coin.mx, was linked to an investigation of a data breach at JPMorgan Chase & Co, revealed in 2014, that exposed more than 83 million accounts.

    Fri, 20 Oct 2017 17:47:55 -0400
  • Creditors win closely watched appeal in Momentive bankruptcy

    A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders. The ruling by the 2nd U.S. Circuit Court of Appeals found the U.S. Bankruptcy Court in White Plains, New York, erred by not using market rates to determine the interest paid on new notes Momentive forced on holders of about $1.25 billion of secured notes. The replacement notes carried much lower rates, which were set by the court using a formula developed in a consumer bankruptcy case involving a subprime loan for a used truck.

    Fri, 20 Oct 2017 16:18:54 -0400
  • Lawyer charged alongside Martin Shkreli goes on trial

    Golocal247.com news

    Jurors were presented with a stark choice during opening statements Friday in the trial of Evan Greebel, the lawyer charged with conspiracy alongside former drug executive Martin Shkreli: was he Shkreli's "right hand man," or a victim of his deceit? Assistant U.S. Attorney David Kessler told jurors that Greebel helped Shkreli steal millions of dollars from his drug company, Retrophin Inc, to pay back investors in two failed hedge funds run by Shkreli, MSMB Capital and MSMB Healthcare. "The defendant had become Martin Shkreli's right hand man," Kessler said.

    Fri, 20 Oct 2017 16:14:34 -0400
  • Oil barge explosion off Texas kills one, fire now out

    Golocal247.com news

    The barge was carrying some 133,000 barrels of crude oil to a refinery in Corpus Christi when the explosion occurred at 4:30 a.m., they said. The dead person had not yet been identified and the fire was allowed to burn itself out before being extinguished, said Rick Adams, Emergency Management Coordinator for the City of Port Aransas. Six of the eight crew members were rescued and did not suffer any serious injuries, Adams added.

    Fri, 20 Oct 2017 15:38:16 -0400
  • Three charged in shooting after white nationalist's Florida speech

    Golocal247.com news

    No one was injured in the shooting incident, which occurred on Thursday near the campus in Gainesville where hundreds of people protested Richard Spencer's speech amid a heavy police presence and a preemptive state of emergency declaration by the governor. Gainesville police said Tyler Tenbrink, 28, and William and Colton Fears, 30 and 28, respectively, stopped their car near the campus to argue with a group of protesters.

    Fri, 20 Oct 2017 15:18:22 -0400
  • EPA abandons changes to U.S. biofuel program after lawmaker pressure

    Golocal247.com news

    By Jarrett Renshaw NEW YORK (Reuters) - The U.S. Environmental Protection Agency has backed off a series of proposed changes to the nation's biofuels policy after a massive backlash from corn-state lawmakers worried the moves would undercut ethanol demand, according to a letter from the agency to lawmakers seen by Reuters. EPA Administrator Scott Pruitt said in the letter dated Oct. 19 that the agency will keep renewable fuel volume mandates for next year at or above proposed levels, reversing a previous move to open the door to cuts. The move marks a big win for the biofuels industry and lawmakers from corn-states like Iowa, Nebraska and Illinois, while dealing a blow to merchant refiners like PBF Energy Inc and Valero Energy Corp who hoped the administration of President Donald Trump would help provide regulatory relief.

    Fri, 20 Oct 2017 15:11:22 -0400
  • U.S. judge wrestles with issue of Indonesian immigrants

    Golocal247.com news

    A U.S. judge wrestled on Friday with how much longer she can delay a Trump administration move to deport 47 Indonesian Christians who fled deadly violence in that country two decades ago and have been living illegally in New Hampshire under an informal deal with immigration officials. The group had long been allowed to live openly in the state, under an arrangement with Immigration and Customs Enforcement officials that required them to turn in their passports and appear for regular check-ins. Chief U.S. District Judge Patti Saris wondered at a hearing in Boston federal court why only one of the immigrants had a written record of the deal.

    Fri, 20 Oct 2017 14:42:31 -0400
  • Pharmacist's 'deadly' choices sparked U.S. meningitis outbreak: prosecutors

    Golocal247.com news

    By Nate Raymond BOSTON (Reuters) - A federal prosecutor told jurors on Friday that a Massachusetts pharmacist gambled with patients' lives by making drugs in unsafe ways that led to a deadly 2012 fungal meningitis outbreak, but a defense lawyer said he was no murderer. Glenn Chin, a former supervisory pharmacist at New England Compounding Center, made drugs in filthy conditions, producing mold-tainted steroids in the process, Assistant U.S. Attorney Amanda Strachan told a federal jury in Boston in her closing argument. "Make no mistake, Glenn Chin is not sitting in this court room because he was negligent or careless," Strachan said.

    Fri, 20 Oct 2017 14:23:04 -0400
  • Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care

    Golocal247.com news

    (Reuters) - Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.

    Fri, 20 Oct 2017 12:45:12 -0400
  • Tech companies to lobby for immigrant 'Dreamers' to remain in U.S.

    Golocal247.com news

    Nearly two dozen major companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters. The Coalition for the American Dream intends to ask Congress to pass bipartisan legislation this year that would allow these immigrants, often referred to as "Dreamers," to continue working in the United States, the documents said. Alphabet Inc's Google, Microsoft Corp, Amazon.com Inc, Facebook Inc, Intel Corp, Uber Technologies Inc [UBER.UL], IBM Corp, Marriott International Inc and other top U.S. companies are listed as members, one of the documents shows.

    Fri, 20 Oct 2017 12:40:31 -0400
  • Notable municipal bankruptcy lawyer talks shop to Hartford taxpayers

    Golocal247.com news

    The lawyer who took Detroit, Michigan, through the largest Chapter 9 municipal bankruptcy in U.S. history brought his message to a new crowd on Thursday: residents of Hartford, Connecticut's cash-strapped capital city. Kevyn Orr, a partner the law firm Jones Day, and a panel of experts tried to fend off residents' fears about whether city service might be cut (no), taxes might rise (maybe) or people might later get priced out of homes (it is complicated) if the city files for a court debt restructuring.

    Fri, 20 Oct 2017 10:30:05 -0400
  • Trump launches petition against NFL players' anthem protests

    Golocal247.com news

    U.S. President Donald Trump has stepped up the pressure on the National Football League over protests by its players during the national anthem by launching a petition and asking his supporters to show their patriotism by backing it. The move came after NFL Commissioner Roger Goodell this week rejected Trump's calls to punish players who kneel for the anthem to protest racism. Trump has said the protests are unpatriotic and disrespectful of military veterans.

    Fri, 20 Oct 2017 09:27:27 -0400
  • Alabama executes man convicted of murdering police officer

    Golocal247.com news

    Alabama on Thursday executed a man convicted of killing a police officer in 1997 by shooting him multiple times in his patrol car, prison officials said. Torrey McNabb, 40, was pronounced dead at 9:38 p.m. (0238 GMT) at the Hollman Correctional Facility in Atmore.

    Fri, 20 Oct 2017 06:46:46 -0400
  • 'Underwear bomber' sues U.S. Justice Department over rights

    Golocal247.com news

    Umar Farouk Abdulmutallab received multiple life sentences after the attempted attack on the Amsterdam to Detroit flight, which he called part of his "religious duty" as a Muslim to wage jihad against the United States. In a lawsuit filed in a Colorado federal court, he said authorities in the federal maximum security prison where he is being held were violating his constitutional rights by not allowing him to communicate with the outside world or practice his religion as a Muslim, court documents showed. Abdulmutallab, 30, was being held in long-term solitary confinement, the lawsuit said.

    Fri, 20 Oct 2017 03:39:56 -0400
  • Short on staff: Nursing crisis strains U.S. hospitals

    Golocal247.com news

    By Jilian Mincer MORGANTOWN, West Virginia (Reuters) - A shortage of nurses at U.S. hospitals hit West Virginia's Charleston Area Medical Center at the worst possible time. It faces a $40 million deficit this year as it struggles with fewer privately insured patients, cuts in government reimbursement and higher labor costs to attract a shrinking pool of nurses. To keep its operations intact, Charleston Medical is spending this year $12 million on visiting or "travel" nurses, twice as much as three years ago.

    Fri, 20 Oct 2017 01:11:40 -0400
  • Obama blasts 'politics of division' on return to campaign trail

    Golocal247.com news

    Without mentioning Republican President Donald Trump by name, Obama told campaign rallies in New Jersey and Virginia that voters could send a powerful message about the type of politics they want by backing Democrats in Nov. 7 elections in the two states. At a later stop in Richmond, Virginia, Obama said modern politics increasingly did not reflect basic American values of inclusiveness and were driving people away from the process.

    Thu, 19 Oct 2017 21:48:03 -0400
  • Protesters to white nationalist speaker at University of Florida: 'Go home Nazis'

    By Zachary Fagenson GAINESVILLE, Fla. (Reuters) - Protesters shouted "Go home Nazis" as a white nationalist gave a speech on Thursday at the University of Florida, where hundreds of police set up barricades and separated supporters and demonstrators to guard against violence. Richard Spencer's event at the university in Gainesville, which prompted the governor to declare a state of emergency to prepare for possible conflict, came about two months after rallies by neo-Nazis and white supremacists in Charlottesville, Virginia, led to a deadly clash with counter-protesters. The violence on Aug. 12 added fuel to a national debate on race, and Republican President Donald Trump came under fire for blaming both sides for the melee.

    Thu, 19 Oct 2017 20:46:59 -0400
  • Protesters to white nationalist speaker at University of Florida: 'Go home Nazis'

    Golocal247.com news

    Protesters shouted "Go home Nazis" as a white nationalist gave a speech on Thursday at the University of Florida, where hundreds of police set up barricades and separated supporters and demonstrators to guard against violence. Richard Spencer's event at the university in Gainesville, which prompted the governor to declare a state of emergency to prepare for possible conflict, came about two months after rallies by neo-Nazis and white supremacists in Charlottesville, Virginia, led to a deadly clash with counter-protesters. The violence on Aug. 12 added fuel to a national debate on race, and Republican President Donald Trump came under fire for blaming both sides for the melee.

    Thu, 19 Oct 2017 19:35:24 -0400
  • White House says rollback of Obamacare must be part of short-term fix

    Golocal247.com news

    By Richard Cowan and Yasmeen Abutaleb WASHINGTON (Reuters) - A senior White House aide said on Thursday that U.S. President Donald Trump would demand steps toward repealing Obamacare in any healthcare legislation, comments that cast doubt on the prospects for a short-term bill to shore up insurance markets. Marc Short, the White House's top liaison to Congress, said on CNN that Obamacare's mandates and taxes would have to be rolled back and consumers be allowed to more heavily invest in health-savings accounts for Trump to sign off on any congressional deal.

    Thu, 19 Oct 2017 19:07:38 -0400
  • Obama urges New Jersey voters to reject 'politics of division'

    Golocal247.com news

    Former President Barack Obama, back on the campaign trail on Thursday for the first time since he left the White House, urged voters in New Jersey to reject the "politics of division" by supporting Democrats in next month's state elections. Without mentioning Republican President Donald Trump by name, Obama said New Jersey could send a powerful signal about the type of politics it wants by voting for Democrat Phil Murphy in the Nov. 7 governor race.

    Thu, 19 Oct 2017 18:43:29 -0400
  • Trump met Fed's Yellen in Fed chair search: White House official

    U.S. President Donald Trump met on Thursday with Federal Reserve Chair Janet Yellen, a White House official said, as he considers whether to give Yellen a new term or nominate someone else. Yellen was the fifth of five people on the president's short list to get a formal sit-down with Trump as he considers whom to pick for Yellen's job when her current term expires in February. The others consist of his chief economic adviser, Gary Cohn, along with former Fed Governor Kevin Warsh, Fed Governor Jerome Powell and Stanford University economist John Taylor.

    Thu, 19 Oct 2017 18:41:16 -0400
  • Trump concludes Fed chair interviews, could decide next week: source

    Golocal247.com news

    President Donald Trump has concluded interviews with the five candidates he is considering to chair the Federal Reserve and could announce a decision as early as next week, a source familiar with the process said on Thursday. Other contenders to lead the U.S. central bank are top Trump economic adviser Gary Cohn, Fed Board Governor Jerome Powell, former Fed governor Kevin Warsh and Stanford University economics professor John Taylor.

    Thu, 19 Oct 2017 18:41:16 -0400
  • California Dept of Insurance estimates wildfires losses at $1.05 billion

    Golocal247.com news

    The California Department of Insurance said on Thursday its preliminary estimate for insured wildfire losses was $1.05 billion, based on claims received by the state's eight largest insurers, adding that it expected the numbers to rise. Insurers have received 601 claims for commercial property losses, 4,177 claims for partial residential losses and 3,000 claims for auto losses, said California Insurance Commissioner Dave Jones during a media call. Since erupting on Oct. 8 and 9, the blazes in parts of Northern California have blackened more than 245,000 acres, (86,200 hectares) and destroyed an estimated 6,900 structures as of Thursday, including homes, wineries and other commercial buildings.

    Thu, 19 Oct 2017 18:38:40 -0400
  • Supreme court allows planned Alabama execution to proceed

    The U.S. Supreme Court allowed Alabama's planned execution of a man convicted of murdering a police officer to proceed on Thursday, lifting a halt imposed by a lower court over concerns about one of the drugs used in the state's lethal injection mix. The court's decision came a few hours before Alabama planned to execute 40-year-old Torrey McNabb for the 1997 murder of Montgomery police officer Anderson Gordon.

    Thu, 19 Oct 2017 18:30:30 -0400
  • White House says wants Obamacare mandates, taxes ended for health deal

    A senior White House adviser said on Thursday Congress would need to end Obamacare mandates and taxes as part of a proposed short-term deal to stabilize health insurance markets in order for President Donald Trump to sign on. "The gist is we believe that the individual mandate should (be) repealed, employer mandate repealed and allow Americans to contribute to health savings accounts," White House legislative affairs director Marc Short told CNN. "If we really want to reduce prices than we need to begin repealing the (Obamacare) mandates and repealing the taxes, and then we could have a deal," Short said.

    Thu, 19 Oct 2017 18:18:37 -0400
  • Two Republican senators seek to add flexibility to bipartisan health bill

    Republican U.S. Senators Lindsey Graham and Bill Cassidy said on Thursday they were working with Republican Senator Ron Johnson and members of the House of Representatives to add more "flexibility provisions" to a proposed bipartisan bill to stabilize the healthcare insurance market in the short term. President Donald Trump said last week that he was discontinuing the subsidies.

    Thu, 19 Oct 2017 17:32:17 -0400
  • Former Dean Foods chairman gets two years for insider trading scheme

    Thomas Davis, a former chairman of dairy processing company Dean Foods Co, was sentenced on Thursday to two years in prison after pleading guilty to passing insider information to sports gambler William "Billy" Walters. Davis was sentenced by U.S. District Judge Kevin Castel in Manhattan, who also ordered him to pay about $8 million in restitution, according to Nicholas Biase, a spokesman for federal prosecutors.

    Thu, 19 Oct 2017 17:06:19 -0400
  • Trump says he will work with Congress on more aid for Puerto Rico

    Golocal247.com news

    By Roberta Rampton WASHINGTON (Reuters) - President Donald Trump said on Thursday he will work with the U.S. Congress to approve grants and loans to help rebuild Puerto Rico after it was devastated by Hurricane Maria a month ago. Already mired in debt after years of recession, the U.S. territory faces storm-related damages that some estimates have pegged as high as $95 billion, and has asked the federal government to make exceptions to rules that typically require states and local governments to shoulder part of the cost of recovery. Trump did not give any specifics about how much money the government may give or loan to the cash-strapped territory, home to 3.4 million U.S. citizens.

    Thu, 19 Oct 2017 16:23:11 -0400
  • U.S. agency scraps unused telegraph regulations in Trump rules purge

    By David Shepardson WASHINGTON (Reuters) - The U.S. government is scrapping rules on telegraphs even though carriers no longer exist, part of the Trump administration's effort to slash regulations, the Federal Communications Commission said on Thursday. The FCC said in a notice it was removing "outmoded regulations" on telegraphs effective in November to "further our goals of reducing regulatory burdens, eliminating unnecessary rule provisions, and making the agency as efficient and effective as possible." There are close to 1,000 pages of FCC media regulations alone. AT&T Inc, originally known as the American Telephone and Telegraph Company, in 2013 lamented the FCC's failure to formally stop enforcing some telegraph rules.

    Thu, 19 Oct 2017 16:07:17 -0400
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