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Archive for January 3, 2019

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New York – U.S. Stock Funds Post Record December Withdrawals

January 3, 2019 at 11:30 PM
New York - Investors pulled $98 billion from U.S.-based stock funds in December, a calendar-month record that emphasizes the diminishing goodwill in financial markets, preliminary Lipper estimates showed on Thursday. Fund investors trimmed their risk in the final days of 2018 to hunker down in case the Federal Reserve is too aggressively tightening monetary policy ahead of an economic slowdown...

Gainesville, FL – 7 Killed After Fiery Crash, Fuel Spill On Florida Highway

January 3, 2019 at 11:00 PM
Gainesville, FL - Two big rigs and two passenger vehicles collided and spilled diesel fuel across a Florida highway Thursday, sparking a massive fire that killed seven people, authorities said. The wreck happened on Interstate 75 about a mile (1.6 kilometers) south of Alachua, near Gainesville. The flames were fed by about 50 gallons (189 liters) of diesel, authorities said. Several others...

Washington – Cyber Researcher Pulls Public Talk On Hacking Apple’s Face ID

January 3, 2019 at 10:28 PM
Washington - A cyber security researcher canceled a hacking conference briefing on how he said he could crack biometric facial recognition on Apple Inc iPhones, at the request of his employer, which called the work "misleading." The prospect that Face ID could be defeated is troubling because it is used to lock down functions on tens of millions of iPhones from banking and healthcare apps to...

New York – Dueling Investigations And A War On Words As Skoufis Takes On Cuomo

January 3, 2019 at 10:00 PM
New York - He may be just 31 years old and still in the process of setting up his legislative offices, but freshman Senator James Skoufis has already come out swinging, announcing his intention to tackle corruption, fraud and abuse statewide, even at the highest levels of government. A Woodbury Democrat, Skoufis was appointed to chair the state’s Investigations and Government Operations...

New York – With Slump In iPhone Sales, Are We Post Peak Smartphone?

January 3, 2019 at 09:34 PM
New York - Behind Apple's disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit Peak Smartphone, a tipping point when everyone who can afford one already owns one and no breakthroughs are compelling them to upgrade as frequently as they once did. Some manufacturers have boosted prices to keep up profit. But Apple's shortfall highlights the limits of that...

Portland, OR – Former Trail Blazers Owner And Pro Israeli Activist, Weinberg Died At 92

January 3, 2019 at 09:15 PM
Portland, OR - Larry Weinberg, one of the founders and original owners of the Portland Trail Blazers, has died. He was 92. Weinberg's death was announced Wednesday by the American Israeli Public Affairs Committee. KATU reports that Weinberg was one of three partners who got the franchise started as an NBA expansion team in 1970 to the tune of $3.7 million. Weinberg, a veteran of World...

Jerusalem – More Than Half Of New Immigrants To Israel In 2018 Were Not Considered Jewish

January 3, 2019 at 09:00 PM
Jerusalem - More than half of the immigrants to Israel in 2018 were not recognized as Jewish under religious law. According to end of the year data released by the Central Bureau of Statistics, of the 30,300 immigrants who arrived in Israel last year under the Law of Return, some 12,600 were recognized as Jewish and 17,700 were not. That means 54 percent of the new immigrants are not...

Washington – Let’s Get To Work? Not Yet: Gov. Scott Delays US Senate Oath

January 3, 2019 at 08:30 PM
Washington - Republican Florida Gov. Rick Scott was supposed to start his new job as a U.S. senator Thursday, but he delayed his swearing in ostensibly to keep his promise to fight for Floridians every day of his term. So what's he doing while other senators take their oath in Washington? His official public schedule has him beginning the day at 3:15 p.m. for about two hours of "staff and call...

Brasilia – Brazil Wants To Move Its Israel Embassy, But No Date Yet: Presidential Aide

January 3, 2019 at 08:00 PM
Brasilia - The national security adviser to Brazilian President Jair Bolsonaro said on Thursday that the leader wants to move Brazil's embassy in Israel to Jerusalem, but that logistical considerations were standing in the way. Retired Army General Augusto Heleno, Bolsonaro's top adviser on security, did not elaborate. But the country's powerful agriculture sector is opposed to moving the...

Washington – House Democrat Expected To Introduce Impeachment Resolution

January 3, 2019 at 07:31 PM
Washington - New House Speaker Nancy Pelosi has been cautious about whether her Democratic majority would ever impeach President Donald Trump. But at least one of her members is already ready to move forward. California Rep. Brad Sherman is expected to introduce articles of impeachment against Trump on Thursday, the first day of the new Congress. Sherman and a handful of other Democrats...

Omaha, NE – Apple Plunge Deepens Warren Buffett’s Book Value Woes

January 3, 2019 at 07:00 PM
Omaha, NE - The plunge in Apple Inc's <AAPL.O> share price will likely cause new pain for Warren Buffett's Berkshire Hathaway Inc <BRKa.N>, after the conglomerate suffered a big quarterly decline in its net worth that will hit its bottom line. Berkshire's Class A shares fell 5.6 percent on Thursday because Apple, its largest common stock investment, slashed its revenue forecast...

New York – Former NY Times Editor Says Fox Took Her Criticism Of Trump Coverage Out Of Context

January 3, 2019 at 06:33 PM
New York - Jill Abramson, the former editor of The New York Times, said Thursday that Fox News took her criticism of the newspaper's Trump coverage in her upcoming book "totally out of context" for a story that appeared this week. The Fox story, headlined "Former NY Times editor rips Trump coverage as biased," quotes from Abramson's book, "Merchants of Truth." She wrote that although current...

Washington – Two-year Yield Dips Below Key Fed Rate For First Time Since 2008

January 3, 2019 at 06:25 PM
Washington - The U.S. two-year Treasury note yield dropped below 2.4 percent on Thursday afternoon, reaching parity with the federal funds effective rate for the first time since 2008. The fed funds effective rate, which was 2.4 percent on Thursday, moves within the Federal Reserve's key policy range of 2.25 to 2.5 percent. The market move suggests investors believe the U.S. central bank will...

Atlanta – Georgia Congressman Compares Trump’s Election To Rise Of Hitler

January 3, 2019 at 06:00 PM
Atlanta - U.S. Rep. Hank Johnson, a Georgia Democrat, compared Donald Trump’s election as president to the rise of Adolf Hitler in Germany. Speaking from the pulpit of a Baptist church in Atlanta, Johnson said Hitler “rode a wave of nationalism and anti-Semitism to power. Replace anti-Semitism with ‘all Latinos crossing our borders are rapists, drug dealers and murderers.’ Does that...

Washington – NYT: Trump Considering Former Democratic Senator Webb For Defense Secretary

January 3, 2019 at 05:21 PM
Washington - The Trump administration is considering Jim Webb, a former Democratic senator who also served as Navy secretary under Republican President Ronald Reagan, to be the next defense secretary, the New York Times reported on Thursday. Citing an unnamed official, the Times said Vice President Mike Pence and acting White House chief of staff Mick Mulvaney had reached out to Webb. It said...

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