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China crackdown sends Bitcoin sliding

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NewsHubChinese mark checks on Bitcoin trade have strike a digital currency’s value.
China’s executive bank pronounced it wanted to examine marketplace manipulation, income laundering and unapproved financing.
Chinese exchanges trade in a banking have seen a cost of Bitcoin tumble some-more than 16%.
The pierce comes as Beijing’s tries to moment down on income issuing out of a nation illegally. The weakening yuan has stirred many people to try to buy unfamiliar currencies.
The Bitcoin banking had soared to record highs in a initial days of 2017, a arise attributed mostly to clever direct from China, where many Bitcoin trade takes place.
The Chinese executive bank pronounced that a “spot checks were focused on how a exchanges exercise policies including forex supervision and anti-money laundering”.
The banking traded during $760 (£624) on Thursday morning, down from some-more than $915 a prior day. Earlier in January, Bitcoin strike a $1,129 high. Anonymous banking movements
The crypto-currency relies on web-based sell rubbed opposite thousands of computers and is used as an unknown approach to pierce income globally.
As a result, some assume that people in China are regulating it to detour despotic supervision manners directed during preventing income from withdrawal a country.
Currently, there’s an annual limit that people are legally authorised to change into a unfamiliar currency.
The value of a yuan fell by about 7% final year.
In contrast, Bitcoin’s value rose by 125% in 2016, creation it a world’s best-performing banking when compared with a executive bank-issued peers. How Bitcoin works
Bitcoin is mostly referred to as a new kind of currency. Yet like all currencies a value is dynamic by how most people are peaceful to sell it for.
To routine Bitcoin transactions, a procession called “mining” contingency take place, that involves a mechanism elucidate a formidable mathematical problem with a 64-digit solution.
For any problem solved, one retard of Bitcoins is processed. In further a miner is rewarded with new Bitcoins.
To recompense for a flourishing energy of mechanism chips, a problem of a puzzles is practiced to safeguard a solid tide of new Bitcoins are constructed any day.
There are now about 15 million Bitcoins in existence.
To accept a Bitcoin, a user contingency have a Bitcoin residence – a fibre of 27-34 letters and numbers – that acts as a kind of practical post-box to and from that a Bitcoins are sent.
Since there is no register of these addresses, people can use them to strengthen their anonymity when creation a transaction.
These addresses are in spin stored in Bitcoin wallets, that are used to conduct savings.

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The Facebook Journalism Project explained

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NewsHubThe Facebook Journalism Project has three objectives: collaborative development of news products for the social network, training and tools for journalists and training and tools for users. “Facebook is a new kind of platform, and we want to do our part to enable people to have meaningful conversations, to be informed and to be connected to each other.
We know that our community values sharing and discussing ideas and news, and as a part of our service, we care a great deal about making sure that a healthy news ecosystem and journalism can thrive,” Director of product Fidji Simo said to media.” We will be collaborating with news organizations to develop products, learning from journalists about ways we can be a better partner and working with publishers and educators on how we can equip people with the knowledge they need to be informed readers in the digital age,” he added explaining in detail. Not at least, the social network will host hackathons and regular meetings with publishing partners “We want to work with partners to evolve our current formats—Facebook Live, 360 video, Instant Articles, etc.—to better suit their needs and work with them on building entirely new ones.
Some early directions of the new relation of Facebook and media are presenting packages of stories to the most engaged readers, using Instant Articles on the social network and promoting local news.

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Cruz questions Session by talking 83% of the time

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NewsHubAlabama Senator Jeff Sessions faced more than a dozen US senators today at his confirmation hearing for attorney general.
While his predecessors used their roughly 10 minutes of allotted time to question Sessions on various subjects, the Texas senator Ted Cruz chose to speak for almost the entire time.

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Schumer: Intelligence Community May 'Get Back' at Trump

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NewsHubSenate Minority Leader Chuck Schumer said last week that the U. S. intelligence agencies could “get back” at President-elect Donald Trump for his criticism of their probe into Russian involvement in the hacking of Democratic Party officials.
“You take on the intelligence community, they have six ways from Sunday to get back at you,” Schumer, a New York Democrat, told MSNBC’s Rachel Maddow. “So even for a practical, supposedly hard-nosed businessman, he’s being really dumb to do this. ”
“From what I am told, they are very upset with how he has treated them and talked about them,” he added.
On Tuesday, intelligence officials said they had presented classified information to Trump that Russia had compromising personal and financial information about him.
Trump took to Twitter:
FAKE NEWS – A TOTAL POLITICAL WITCH HUNT!
On Wednesday, Trump continued to slam the intelligence community.
Intelligence agencies should never have allowed this fake news to “leak” into the public. One last shot at me. Are we living in Nazi Germany?

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© Source: http://www.newsmax.com/Politics/Chuck-Schumer-Intel-Trump-Russia/2017/01/11/id/768005
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Ethics official denounces Trump's plan for business

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NewsHubJanuary 11, 2017
NEW YORK — President-elect Donald Trump said Wednesday he will continue to profit from his global business empire after he enters the White House this month — a precedent-breaking decision that the director of the Office of Government Ethics swiftly condemned as unpatriotic.
At a news conference announcing a much-anticipated plan for dealing with his sprawling company, Trump and his lawyer said the Trump Organization would be run by the president-elect’s adult sons and a longtime company executive, although the president-elect will retain an ownership stake in a trust that holds his business assets.
Sheri Dillon, an attorney with the firm Morgan Lewis & Bockius, said the company will pursue new deals in the U. S. but will not enter new foreign arrangements while Trump is in office.
The steps are to assure Americans that he is “not exploiting the office of the presidency for his personal benefit,” she said.
The decision to stop new ventures abroad was one of Mr. Trump’s few concessions to ethics experts who have warned that the real estate development and licensing company’s international footprint could expose him to conflicts of interest. They have warned that foreign governments might try to curry favor with him or influence U. S. policy by cutting deals with his company and speeding approval for his projects.
The concerns have thrust a typically obscure office into the limelight. The Office of Government Ethics, which advises incoming presidents and their administration officials but is not an enforcement agency, on Wednesday urged Trump to go much further to distance himself. OGE Director Walter Shaub said Trump should sell off his businesses and put the proceeds in a blind trust overseen by an independent manager.
“I don’t think divestiture is too high a price to pay to be the president of the United States of America,” said Mr. Shaub, during a blistering 15-minute critique.
Explaining why presidential appointees, nominees and presidents themselves typically sever all business ties, Shaub said:
“Their basic patriotism usually prevails as they agree to set aside their personal interest to serve their country’s interests. ”
Shaub praised some of Trump’s Cabinet nominees for making a “clean break” from business entanglements, singling out Rex Tillerson, whose Senate confirmation hearing to become secretary of state was held Wednesday as Trump was speaking in New York.
The president-elect and his lawyer vigorously defended his plan, saying it would be impractical for Trump to sell off his company.
Doing so, Ms. Dillon said, would create its own ethical questions about whether he was receiving a fair price. And moving too quickly could create a “fire sale” environment that devalued the company to which he has dedicated his adult life.
“President-elect Trump should not be expected to destroy the company he built,” Dillon said.
The business arrangements, announced at Trump Tower in New York during Trump’s first news conference since July, appeared to walk back a broader promise he made last month in a Fox News interview and a tweet that the company would do “no new deals” while he is in office.
Along with Shaub — who was appointed to a five-year term by President Barack Obama in 2013 — Republican and Democratic government ethics counselors have urged Trump to take bigger steps.
“Firewalls work in businesses, not in families,” said Danielle Brian, executive director of the Project on Government Oversight. “Trump’s plan doesn’t prevent his business interests from benefiting him or his family while he’s in office or interfering with his presidential duties. ”
Trump stressed that a president is not subject to the same conflict-of-interest provisions as Cabinet members and other government employees.
“I could actually run my business and run government at the same time,” he said. “I don’t like the way that looks, but I would be able to do that if I wanted to. ”
Yet presidents have typically followed the same rules as their Cabinet members as a best practice.
President Jimmy Carter sold his Georgia peanut farm when he took office. Soon after he was inaugurated, Ronald Reagan cashed out his personal holdings — worth about $740,000 — and put the money in a blind trust.
Trump’s dealings are far more complex; he has struck deals involving hotels, office buildings, golf resorts and residential towers in about 20 countries.
Dillon said the company will add an ethics adviser to its management team who must approve deals that could raise concerns about conflicts. Trump’s transition team has not said whether he will appoint a White House ethics adviser as two previous presidents have done.
Trump’s sons Eric and Donald Jr. will run the company along with Allen Weisselberg, the current chief financial officer. Mr. Weisselberg began work with the Trump family decades ago under the president-elect’s father, Fred.
Dillon also addressed the “emoluments clause” of the U. S. Constitution. Some lawyers have claimed that foreign leaders who pay for rooms and services at his hotels across the globe would put the president-elect in violation.
She argued that “fair-value exchange,” such as paying for a hotel room, does not run afoul of the ban on foreign gifts or payments to the president.
Nonetheless, she said, the company plans to donate money spent by foreign governments at his hotels to the U. S. Treasury.
The president-elect’s new hotel in the nation’s capital, has already hosted diplomats from Bahrain and Azerbaijan.
___
Associated Press writers Jonathan Lemire in New York, Jon Gambrell in Dubai, United Arab Emirates, and Chad Day and Stephen Braun in Washington contributed to this report.

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© Source: http://www.csmonitor.com/USA/USA-Update/2017/0111/Ethics-official-denounces-Trump-s-plan-for-business
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Volkswagen will plead guilty to cheating on emissions tests

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NewsHubVolkswagen has agreed to pay a total of $4.3 billion in criminal and civil penalties stemming from the German automaker’s efforts to cheat on federal and state emissions tests, the U. S. Department of Justice announced Wednesday.
That number includes $2.8 billion in criminal penalties as well as $1.5 billion to resolve environmental, customs and financial claims, the agency said. Volkswagen will also plead guilty to three felony counts, will be on probation for three years and will be overseen by a corporate compliance monitor for that time, DOJ said.
About 590,000 diesel vehicles in the U. S. were sold that included a so-called defeat device to make their emissions seem lower than they were on tests mandated by the Environmental Protection Agency and the California Air Resources Board.
In a new fallout in the Volkswagen emissions scandal, lawsuits filed by three states claim top executives were involved with creating so-called “…
Six German executives and employees of Volkswagen have also been indicted and charged with one count of conspiracy to defraud the United States: Heinz-Jakob Neusser, 56; Jens Hadler, 50; Richard Dorenkamp, 68; Bernd Gottweis, 69; Oliver Schmidt, 48; and Jürgen Peter, 59.
All are believed to be in Germany except for Schmidt, who was arrested in Miami on Friday and appeared in federal court there on Monday. The U. S. and Germany do not have an extradition agreement.
Schmidt worked as the general manager in charge of VW’s environment and engineering Office, in Auburn Hills, Michigan, from 2012 until February 2015. After that time and through September 2015, he worked directly for Heinz-Jakob Neusser, who was the head of development for the VW brand from July 2013 until September 2015.
Jens Hadler was head of engine development from May 2007 until March 2011. Bernd Gottweis was a supervisor responsible for quality management and product safety from 2003 until December 2014. Jürgen Peter has worked in the quality management and product safety group since 1990. From March 2015 until July 2015, he was one of the liaisons between the regulatory agencies and VW.
Feds prosecuting fewer corporate criminals; income inequality is a major global threat; and incarcerating Manson has cost millions. These headlin…
Richard Dorenkamp was the head of VW’s engine development after-treatment department from 2003 until December 2013. From 2006 to 2013, Dorenkamp led a team of engineers that developed the first diesel engine intended to meet the new, tougher emissions standards in the United States.
The indictment also charges Dorenkamp, Neusser, Schmidt and Peter with Clean Air Act violations. Neusser, Gottweis, Schmidt and Peter also face wire fraud charges.
It is extremely rare for corporate executives to receive criminal charges , even when their company is found to have behaved criminally. White-collar prosecutions in the U. S. have dropped by about a fifth over the past decade.
“When Volkswagen broke the law, EPA stepped in to hold them accountable and address the pollution they caused,” said EPA Administrator Gina McCarthy in a statement. “EPA’s fundamental and indispensable role becomes all too clear when companies evade laws that protect our health. The American public depends on a strong and active EPA to deliver clean air protections, and that is exactly what we have done.”

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Afghan Taliban releases video of U. S., Australian hostages

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NewsHubTimothy Weeks, an Australian teacher at the American University in Kabul and his American colleague Kevin King were seized near the campus in August.
The video, which Weeks said was made on Jan. 1, showed the two men, both bearded, asking their families to put pressure on the U. S. government to help secure their release.
Addressing President-elect Donald Trump, who is due to take office on Jan. 20, Weeks said the Taliban had asked for prisoners held at Bagram air field and at Pul-e-Charkhi prison on the outskirts of Kabul to be exchanged for them.
“They are being held there illegally and the Taliban has asked for them to be released in our exchange. If they are not exchanged for us then we will be killed,” he said.
“Donald Trump sir, please, I ask you, please, this is in your hands, I ask you please to negotiate with the Taliban. If you do not negotiate with them, we will be killed. ”
In September, the Pentagon said U. S. forces mounted a raid to try to rescue two civilian hostages but the men were not at the location targeted.
Kidnapping has been a major problem in Afghanistan for many years. Most victims are Afghans and many kidnappers are criminal gangs seeking ransom money but a number of foreigners have also been abducted for political ends.
Last year, the Taliban released a video showing a U. S. hostage and her Canadian husband abducted in 2012 asking their governments to pressure the Kabul government not to execute Taliban prisoners.
(Reporting by James Mackenzie; Editing by Louise Ireland)

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Top U. S. ethics official: Trump's plan to hand over business control 'meaningless'

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NewsHubWASHINGTON, Jan. 11 (UPI) — The top ethics official in the U. S. government on Wednesday dismissed President-elect Donald Trump ‘s promise to cede day-to-day control of his businesses to family members as nothing more than a “meaningless” symbolic gesture.
Walter Shaub, chief of the Office of Government Ethics, a watchdog that monitors the federal government, told reporters that Trump’s stated plan does hardly anything to address concerns about potential conflicts of interest he would face in the White House.
“The plan the president has announced doesn’t meet the standards that the best of his nominees are meeting and that every president in the past four decades has met,” Shaub said at his news conference , calling Trump’s plan “meaningless from a conflicts of interest perspective. ”
“We can’t risk the perception that government leaders would use their official positions for professional profit,” he added.
The president-elect made it clear Wednesday that he won’t give up his ownership stake in the Trump Organization — but rather place managerial control of his holdings with two of his sons.
“My two sons are going to be running the company,” he said. “They are going to be running it in a very professional way. They’re not going to discuss it with me. ”
However, Trump made it clear he would not give up his ownership stake in the Trump Organization.
The possibility of Trump’s business affairs influencing his decisions as commander in-chief has worried many in the public and private sectors.
Trump attorney Sheri Dillon also said the president-elect’s daughter Ivanka, too, will refrain from day-to-day business dealings because she is married to Jared Kushner, one of Trump’s top White House advisers.
Shaub is urging Trump to divest in his businesses, which he says is the best move to address conflict concerns.
“I don’t think divestiture is too high a price to pay to be the president of the United States of America,” he said, adding that divesting would serve as a good example for future presidents and other members of the government.
Constitutional law professor Laurence Tribe agreed, called Trump’s plan a “fraudulent runaround. ”
Trump’s team is still in the process of hiring an ethics official to guide them away from potential conflicts of interest.

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© Source: http://www.upi.com/Top_News/US/2017/01/11/Top-US-ethics-official-Trumps-plan-to-hand-over-business-control-meaningless/8681484176887/
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Rex Tillerson breaks with Trump on foreign policy issues

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NewsHubPresident-elect Donald Trump’s nominee to be the US envoy to the world broke with his future boss on a number of key foreign policy issues on Wednesday, denouncing Russian aggression in cyberspace and in Ukraine, talking up sanctions and affirming his belief in climate change.
Rex Tillerson, a former ExxonMobil CEO, at his Senate Foreign Relations Committee confirmation hearing condemned Russia’s invasion of Ukraine as an “illegal action” — something Trump hasn’t done — and said he even would have sent the country defensive weapons to use against Moscow.
In a striking exchange Tillerson admitted that he’d only spoken to the President-elect about world affairs in general terms, and that they haven’t yet discussed Russian policy, telling the Senate panel “that has not yet occurred.”
Tillerson also praised the usefulness of sanctions as a deterrent — again, a very different view than his boss — although he cautioned that their use can hurt American businesses. “In diplomacy, it is useful to have a stick that is in your hand so that whether you use it or not, it becomes part of that conversation,” Tillerson said.
And Tillerson took steps in his opening remarks to strike an overall tougher line on Moscow than Trump has to date, saying that “Russia must know that we will be accountable to our commitments and those of our allies, and that Russia must be held to account for its actions.” “Sen. John McCain became aware of the information in December and passed it to FBI Director James Comey that month.”
On climate change, Tillerson told the Senators he believes “the risk of climate change does exist and the consequences of it could be serious enough that actions should be taken.” In contrast, Trump has in the past described climate change as a hoax perpetrated by China to hurt US manufacturers, although he recently acknowledged the possibility that human activity could be a contributing factor.
The Secretary of State nominee admitted that “ultimately the President-elect was elected and I’ll carry out his policies in order to be as successful as possible but I think it is important to note that he has asked and I feel free to express those views.”
Tillerson, who said he hadn’t received any classified briefings on the Russian hacks, said that it’s a “fair assumption” that Russian President Vladimir Putin authorized the attacks.
For weeks, Trump has consistently denied or played down Moscow’s involvement, although Wednesday, at a press conference, Trump said, “I think it was Russian.”
At the Tillerson hearing, Democrats — and one Republican — came out swinging.
Democrats questioned why in his prepared opening remarks Tillerson didn’t mention Russia’s alleged hacking of US elections, and they hammered his views on human rights, climate change and ExxonMobil’s ties to Russia.
Florida Republican Sen. Marco Rubio went after Tillerson about Russia’s violations of human rights and its alleged war crimes in Syria, telling the nominee that he found it “discouraging” when Tillerson wouldn’t put a label on Moscow’s actions in Aleppo.
“You are still not prepared to say that Vladimir Putin and his military have violated the rules of war and have conducted war crimes in Aleppo,” Rubio declared, pointing to information in the public record about civilians being targeted in the Syrian city.
“Those are very, very serious charges to make, and I would want to have much more information before reaching a conclusion,” Tillerson answered.
Sen. Robert Menendez, a New Jersey Democrat, challenged Tillerson on whether his business experience prepares him to represent the US to the world. “Diplomacy is not the same as deal making,” Menendez said.
He went on to question where Tillerson’s and Trump’s views actually align and asked if the two had discussed US policy toward Russia.
Tillerson said he and Trump had talked about world issues “in a broad construct and in terms of the principles that are going to guide that.” But when Menendez said that he assumed “Russia would be at the top of that considering all of the actions that are taking place,” Tillerson said, “That has not occurred yet, senator.”
“That’s pretty amazing,” Menendez shot back.
Maryland Sen. Ben Cardin, the ranking Democrat on the committee, pointed to Trump’s longstanding refusal to acknowledge the intelligence community’s assessment about Russian hacking and asked Tillerson what he would do about it.
“We need to stand up to that bully in Moscow,” Cardin said.
Cardin said he would be quizzing Tillerson on ExxonMobil’s business deals with Russia, indicating that they “supported directly or indirectly” some of Putin’s more aggressive actions.
“It’s not too great of a distance from Exxon business partnerships to Putin’s slush funds” for disinformation and other activities, Cardin charged.
The former ExxonMobil CEO claims close ties to Putin, having overseen the company’s partnership with a state-owned energy giant there, work that earned him the country’s highest award for non-citizens.
In opening remarks that were interrupted by a shouting protestor, Tillerson tried to strike a balance, saying that “where cooperation with Russia based on common interests is possible, such as reducing the global threat of terrorism, we ought to explore these options.”
“We need an open and frank dialogue with Russia regarding its ambitions, so that we know how to chart our own course,” he said.
But he added that “Russia must know that we will be accountable to our commitments and those of our allies, and that Russia must be held to account for its actions.”
And he validated NATO allies’ concerns about Russian aggression but said that some of the blame lies with the Obama administration.
The US “sent weak or mixed signals with ‘red lines’ that turned into green lights,” Tillerson said. “We did not recognize that Russia does not think like we do.”
Tillerson’s big moment in the spotlight comes as CNN reported Tuesday that US intelligence agencies are investigating reports that Russia collected sensitive and potentially compromising information about Trump’s personal and financial affairs. Trump dismissed those reports as “fake news” at a press conference Wednesday.
The information, from a firm run by a former British intelligence operative, also indicated that throughout the campaign, Trump surrogates were in touch with intermediaries for the Russian government. Sen. John McCain, an Arizona Republican, became aware of the information in December and passed it to FBI Director James Comey that month.
Republicans will be key to Tillerson’s ability to get through the Foreign Relations Committee and to the Senate floor, where his nomination needs 51 votes to pass. The committee is controlled by Republicans, who hold 10 of the 19 seats. If all Democrats oppose him and they’re joined by just one Republican, Tillerson could stall there.
The oil man, who had headed the ExxonMobil empire since 2006 until retiring at the end of last year, began his journey to Washington in Texas. He was born and educated there, and spent his adult life inside the company, starting in 1975 as a production engineer after graduating from the University of Texas at Austin. He’s never worked anywhere else.

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Your City, Your Voice: Trump says 'You are fake news'

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NewsHubWASHINGTON (WUSA9) – The verbal beat down by Pres.-elect Donald Trump to CNN reporter Jim Acosta was one of the most talked about topics out of Trump’s news conference Wednesday. And WUSA9 is listening.
We call it Your City, Your Voice. We’re giving people the chance to step into our confessional to say whatever they want as we lead up to the inauguration.
Rebecca Bryant stepped in with one thing on her mind—the heated exchange between the president-elect and Acosta.
“It doesn’t look right. It’s not good for the American President,” Bryant said. “I felt that’s not good leadership for him to yell at reporter to shut up—that’s not good leadership.”
Buzzfeed posted unverified documents that allege Russia has compromising information about Trump. CNN reported the documents exist.
“As far as CNN going out of their way to build it up? It’s a disgrace what they did. It’s a disgrace, and I think they ought to apologize,” Bryant said.
We want to hear your thoughts on Pres.-elect Trump’s exchange with Acosta or whatever else is on your mind as we get closer to welcoming our 45th president. Post on social media using #YourCityYourVoice or comment on our Facebook posts.
(© 2017 WUSA)

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