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PROGRAMMING ALERT: Rudy Giuliani reacts to subpoena on 'Hannity,' 9 pm ET
09/30/19 5:36 PM
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House Dems subpoena Giuliani for Ukraine docs in impeachment inquiry
09/30/19 1:00 PM
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Rep. Chris Collins, R-N.Y., announced he is resigning one day before he is expected to plead guilty to insider trading
09/30/19 11:06 AM
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Al-Shabab extremists on Monday staged an attack on a US military base in Somalia which is used to launch drone strikes.
09/30/19 2:34 AM
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Trump attorney Rudy Giuliani was not working alone in Biden Ukraine probe, Fox News has learned
09/29/19 6:04 AM
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Kurt Volker resigns as Ukraine envoy after mention in whistleblower complaint, AP reports
09/27/19 5:56 PM
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Acting Director of National Intelligence Joseph Maguire to testify before House Intel, amid Ukraine whistleblower complaint fall
09/26/19 6:04 AM
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House Intelligence Committee releases whistleblower complaint that triggered Democrat impeachment inquiry
09/26/19 5:44 AM
New world news from Time: Ukraine Saw ‘No Connection’ Between U.S. Aid and Trump Request on Biden, Official Says
When President Donald Trump asked his counterpart in Ukraine to help investigate Trump’s political opponents, the Ukrainian President and his team did not see the request as linked to the release of U.S. military aid, a senior Ukrainian official tells TIME on Wednesday.
“I’m telling you – no, there was no such connection,” says the official, who took part in the call between Trump and President Volodymyr Zelensky on July 25 but would only discuss it on condition of anonymity.
Trump has come under intense criticism in recent days for withholding nearly $400 million in aid to Ukraine this summer, days before asking the country’s president to help investigate Trump’s political opponents. Congressional leaders have called Trump’s moves an attempt to blackmail a foreign government for domestic political gain, and House Speaker Nancy Pelosi opened an impeachment inquiry on Tuesday to investigate the alleged abuse of power.
As part of its response on Wednesday, the White House took the extraordinary step of declassifying and publishing its record of that July phone call between Trump and Zelensky. It appears to show that Trump asked the leader of Ukraine to work with Attorney General William Barr on an investigation of former Vice President Joe Biden, a leading challenger to Trump in the next presidential race.
“The United States has been very very good to Ukraine,” Trump told Zelensky, according to the White House memorandum of the call. “I wouldn’t say that it’s reciprocal necessarily because things are happening that are not good.” He then went on to ask Zelensky to do “whatever you can do” to help investigate Biden.
Seated next to Trump at a press conference on Wednesday in New York City, Zelensky said that he had not felt pressure to comply with the request. “Nobody pushed me,” he said. Trump agreed, adding quickly: “No pressure.”
The President’s critics in Washington saw it differently. “This was a shakedown,” the Democratic chairmen of four Congressional committees said in a joint statement on Wednesday. “No quid pro quo is required to betray our country. Trump asked a foreign government to interfere in our elections—that is betrayal enough.”
Speaking by phone shortly after the White House released the record of Trump’s call with Zelensky, the Ukrainian official confirmed that it was an accurate representation of what was said. “It’s all there,” the official says. “Everyone can have a look.”
But the official was adamant that the Zelensky administration, which took office in May, did not interpret Trump’s requests as a form of blackmail aimed at releasing U.S. aid money in exchange for help with investigations of Biden. “We actually had a different suspicion,” the official says.
Zelensky and his advisers believed that the White House may have frozen the aid package to Ukraine because of the proposed sale of Motor Sich, a Ukrainian factory that produces engines for missiles and jets, to a Chinese company. The U.S. has objected to that sale on national security grounds, and Trump’s then-National Security Adviser John Bolton urged Zelensky and his government to stop the sale during a visit to Kiev in August. “At the time China was more acute,” as an issue in U.S.-Ukrainian relations, than was the question of investigating Biden, says the official.
Given the uproar over Trump’s communications with Zelensky, the Ukrainian leader may feel more free to ignore the requests to investigate Biden, says Steven Pifer, a former U.S. ambassador to Ukraine. “Maybe that’s going to give him a bit of political cover. Maybe that’s going to reduce the temptation for Trump to try to strongarm Zelensky,” says Pifer, who is now a research fellow at Stanford University. “I think he has to walk a very fine line here,” he added of Zelensky. “He has to ignore President Trump’s efforts to get him to interfere in the US elections.”
The Ukrainian official says the position of the Zelensky government has always been clear when it comes to investigating Trump’s political rivals: “We will not interfere in American politics.”
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Former French president Jacques Chirac dead at 86, AFP reports citing family
09/26/19 3:11 AM
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Whistleblower complaint has been declassified, GOP lawmaker says
09/25/19 8:30 PM
New world news from Time: Economist Who Grew up in Communist Bulgaria Is Named New IMF Chief
(WASHINGTON) — A Bulgarian economist who grew up when her country was a communist nation has been selected to be the next leader of one of capitalism’s premier institutions, the 189-nation International Monetary Fund.
Kristalina Georgieva, a top World Bank official, was chosen by the IMF’s executive board on Wednesday to become the fund’s managing director. She succeeds Christine Lagarde who is stepping down to take over as head of the European Central Bank.
The IMF is the world’s lender of last resort, providing emergency loans when countries are facing financial crisis. Georgieva takes over at a time when the global economy is slowing and the two biggest economies, the United States and China, are engaged in an escalating trade war.
The troubles have raised worries that the global economy could dip into a recession. Last year, Argentina was forced to seek a $57 billion bailout package from the IMF, the largest in the institution’s history.
Speaking to reporters after the IMF’s 24-member board approved her nomination, Georgieva cited a host of challenges, from disappointing global growth, to trade tensions and high debt burdens in many countries.
“Warning signals are flashing and we must be ready to be tested,” she said. “My immediate priority for the IMF is to help members minimize the risk of crises and be ready to cope with downturns.”
Georgieva, who will take over at the IMF on Oct. 1, is the fund’s first leader to come from an emerging market economy rather than one of the traditional European economic powers such as Germany or France.
David Malpass, a Trump administration official, was chosen this year to lead the World Bank, continuing a seven-decade tradition in which the head of the World Bank has always been an American and the head of the IMF has been from a European country.
Georgieva, 65, had held the No. 2 post at the World Bank since early 2017 and gained praise for her efforts to win approval of a $13 billion capital increase for the bank, along with a reform package that seeks to decrease the bank’s lending to wealthier developing countries, such as China, a key goal of the Trump administration.
Eswar Prasad, an economics professor at Cornell University, said one of Georgieva’s immediate challenges will be managing the IMF’s huge financial exposure to Argentina, which he said is a “country facing an economic meltdown with no easy way out.”
Deputy IMF Managing Director David Lipton, who has been leading the IMF on an acting basis, said in an interview Wednesday with Bloomberg Radio that the fund’s Argentina program will likely be on hold for some time as the country deals with severe political and economic uncertainty.
Lipton said the IMF will “work toward an eventual resumption of a relationship — some kind of financial relationship with them — which may have to wait awhile.” He said, “Argentina’s situation right now is extremely complex.”
The IMF’s executive board has had a $5.4 billion loan disbursement to Argentina up for approval since mid-September but has not gone forward with the disbursement. The IMF loan program with Argentina suffered a serious setback when Argentine President Mauricio Macri announced he was seeking to delay loan repayments after he lost an August primary vote to leftist Alberto Fernandez.
Eric LeCompte, executive director of the religious development group Jubilee USA Network, said he expected Georgieva will focus on general inequality, environmental issues and the need for more resources to be directed to developing nations, issues she championed at the World Bank.
When Lagarde, then the French finance minister, became the first woman to head the IMF in 2011, the institution was facing a number of challenges including a sex scandal that had forced her predecessor, Dominique Strauss-Kahn, to step down.
In July, she was nominated to succeed Mario Draghi as head of the ECB, the central bank for the 19 European nations use the euro currency.
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President Trump addresses media hours after White House released transcript of phone conversation with Ukrainian president
09/25/19 1:28 PM
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Ukraine president, in meeting with Trump, says ‘nobody pushed me’ to probe Biden
09/25/19 11:33 AM
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President Trump,Ukrainian President Volodymyr Zelensky hold bi-lateral talk at UN General Assembly
09/25/19 11:20 AM
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White House releases transcript of Ukraine call showing Trump pressed for Biden probe, but made no mention of military aid
09/25/19 7:01 AM
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White House will release whistleblower complaint to Congress if legally possible, official says
09/24/19 5:48 PM
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PROGRAMMING ALERT: Chris Wallace interviews Iranian President Rouhani on 'Special Report,' 6 pm ET
09/24/19 2:47 PM
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Pelosi confirms formal Trump impeachment inquiry: 'No one is above the law'
09/24/19 2:10 PM
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President Trump tweets that he will release transcript of his controversial phone conversation with Ukranian president
09/24/19 11:19 AM
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Wife of 'Shark Tank' star Kevin O'Leary charged in boating accident that left two dead on Canadian lake
09/24/19 11:07 AM
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President Trump to tout nationalism, sovereignty in address to UN General Assembly
09/24/19 7:12 AM
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UK Supreme Court deals major blow to Prime Minister Boris Johnson, ruling that his suspension of Parliament during Brexit fight
09/24/19 2:54 AM
New world news from Time: This American Said He Had to Pay $2,400 to Get Home After Travel Company Thomas Cook Collapsed
The collapse of one of the world’s oldest travel agencies has impacted an estimated 600,000 travelers all over the world on Monday—including some Americans.
Thomas Cook collapsed into liquidation in the early hours of Monday morning after rescue talks failed to secure $250 million in contingency funding, leaving many thousands who paid for vacations with the company without a return ticket home.
“We are sorry to inform you that all holidays and flights provided by these companies have been canceled and are no longer operating,” the Thomas Cook said, adding that all Thomas Cook retail shops have also closed.
Thomas Cook is a British company, but it attracted customers from all over the world, particularly Europe.
British stranded travelers are now directed to turn to the U.K.’s Civil Aviation Authority—which is working to fly back passengers who booked their flights with the travel agency and were due back to the U.K. between Sept. 23 and Oct. 6.
On Monday, Condor Airlines, a German airline subsidiary to Thomas Cook, said that it currently had 240,000 customers abroad awaiting flights to return home.
The travel agency also advised passengers who were due to fly out of the U.K. with Thomas Cook Airlines that their flights were canceled.
While few Americans are likely to be impacted, at least one Florida resident said he spent more than $2,000 to get home after booking a trip to Scotland with the company.
BBC Scotland spoke to American Joe Datolli, who was stuck at Glasgow Airport with his mother Sally waiting for a flight back to Orlando.
“It’s been frustrating… While we were asleep, ready to head back in the morning, they went out of business and there’s nobody to be seen,” he said.
Datolli told the BBC that he and his mother were able to book a flight to Orlando from Dublin but it ended up costing them nearly $2,400 dollars more.
Joe Datolli has had to pay $1600 to get a flight home from Glasgow to Florida today after the #ThomasCook collapse: pic.twitter.com/udPTqqHfxL
— Radio Clyde News (@RadioClydeNews) September 23, 2019
“As we’re standing here trying to book another flight the prices keep climbing or the seats keep getting taken. It’s becoming more and more difficult,” he said.
The collapse of the agency has also affected thousands of employees.
In a statement, Thomas Cook Chief Executive Peter Fankhauser, apologized to customers and employees.
“I would like to apologize to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years. Despite huge uncertainty over recent weeks, our teams continued to put customers first, showing why Thomas Cook is one of the best-loved brands in travel,” he said. “This marks a deeply sad day for the company which pioneered package holidays and made travel possible for millions of people around the world.”
Here is what to know about Thomas Cook:
Why did Thomas Cook collapse?
Faced with Brexit, poor mergers and increased competition, the 178-year-old company finally fell to its demise on Monday.
Key to its downfall is Thomas Cook’s merger with MyTravel, a U.K.-based package travel company, in 2007. What had initially started out with hope, ended up in disaster. Thomas Cook ended up with huge debts that proved impossible to manage as, MyTravel had only made a profit once since 2001. The impact of the merger came to a head in May after Thomas Cook reported a record loss of £1.5 billion ($1.85 billion) and a steep drop in summer sales.
Thomas Cook also faced new competition from lower cost rival Jet2Holidays, putting the company’s profits under fresh pressure. Previously, the market had been split between Thomas Cook and Tui. Within two months, Thomas Cook had to issue two profit warnings.
Brexit didn’t help their situation either—the original March 29, 2019 Brexit deadline meant that people were nervous about booking holidays.
In August this year, there was hope that Thomas Cook could break free from disaster after it agreed to a $1.1 billion rescue deal with Fosun, a China-based investment company, Thomas Cook’s biggest shareholder and its debtholders.
However, as of Monday, Thomas Cook collapsed into liquidation after talks with shareholders, lenders and the U.K. government failed to come up with a rescue plan after the company’s banks demanded a further $250 million.
The agency was a popular one-stop-shop for travelers—known for its all-inclusive travel packages: the agency would book flights, hotels and tours for travelers.
Marc-David L. Seidel, professor at the University of British Columbia Sauder School of Business says travel agencies like Thomas Cook have become less relevant and necessary for travelers during the internet age.
“The rise of online travel information shifted power in the industry so that individual consumers no longer had to rely on brick and mortar travel agencies for expertise as much,” he tells TIME. “This intensified as the internet transitioned to more of an online travel community model where individual travelers share information about everything travel related to each other. That readily available and detailed information further reduced the power of travel agencies which had traditionally been the primary source of such expertise.”
Seidel adds that the rise of Airbnb might have also played a part.
“The growth trend of small travel providers such as individuals offering up rental units through internet platforms also puts pressure on organizations like Thomas Cook as a portion of their revenue was based on lodging,” he says.
Are American travelers affected?
“Thomas Cook had offices in the U.S., but beyond that most operations are European… this will likely be inconsequential for (travelers),” he says.
Seidel also says that the agency going out of business will most likely not have too much of an effect on American travelers.
“They have limited service in some cities—basically, it’s major cities and the leisure market, and a lot of that service would be outbound rather than inbound, so people visiting the States from Europe and a lot of their stuff was offered as packages,” he says.
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New best story on Hacker News: Ask HN: Are you ok?
756 by quantumwoke | 779 comments on Hacker News.
https://ift.tt/1vKuk41 My Australian friend just linked this to me and I thought it would be good question to ask HN. IME HN and perhaps software development in general contains a lot of at-risk personalities in stressful work environments that don't get asked this question enough. I think you are all interesting, intelligent, hard-working people and mental health is unfortunately still stigmatised in the tech community. Feel free to ask any coworkers today who have been struggling as well.
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New best story on Hacker News: Tell HN: Thank you for not redesigning Hacker News
652 by ramphastidae | 155 comments on Hacker News.
I’m currently in a country with low speed internet and the entire ‘modern’ web is basically unusable except HN, which still loads instantly. Reddit, Twitter, news and banking sites are all painfully slow or simply time out altogether. To PG, the mods and whoever else is responsible: thank you for not trying to ‘fix’ what isn’t broken.
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New best story on Hacker News: Ask HN: How Do You Read?
558 by vilvadot | 214 comments on Hacker News.
Hi HN. Recently I have been wondering how other people read. I recently realized that once I finish a book I immediately replace it for the next one on my to-read list. As soon as I swap titles it kinda feels like the value of the previous book slowly starts to fade and gets lost. Obviously not all of it, and especially on novels I'm in for the ride and getting into the story. But in more informative/instructive stuff I feel like there must be a "better" way to read and get the most out of each book. For example, recently, I started taking notes into the margins and I find I feel more "engaged" to the reading experience and the content. So I wonder what is other people's take on reading?
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