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5 key points in memo calling for FBI Director James Comey's firing

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Comey’s bosses say FBI director mishandled the Hillary Clinton email probe.
WASHINGTON — White House officials say President Trump based his decision to fire FBI Director James Comey on Tuesday on the “clear recommendations” of Deputy Attorney General Rod Rosenstein and Attorney General Jeff Sessions.
In a memo released Tuesday evening, Rosenstein sharply criticized the FBI chief, saying he mishandled the final stages of investigation into Democratic presidential candidate Hillary Clinton’s treatment of classified State Department emails. The firing was needed to restore public confidence in the agency, Rosenstein concluded.
At the heart of the criticism: Comey’s various public pronouncements about the investigation during the heat of the 2016 presidential campaign. On July 5, Comey held a news conference in which he said no charges would be filed against Clinton. But on Oct 28, Comey announced that the probe had been reopened to examine newly discovered emails. Then, two days before election, Comey once again weighed in, saying the department still was not recommending charges against the former secretary of State.
Here are key points in Rosenstein’s memo:
1. “The FBI’s reputation and credibility have suffered substantial damage, and it has affected the entire Department of Justice. That is deeply troubling to many department employees and veterans, legislators and citizens.”
2. “I cannot defend the director’s handling of the conclusion of the investigation of Secretary Clinton’s emails, and I do not understand his refusal to accept the nearly universal judgment that he was mistaken. Almost everyone agrees that the director made serious mistakes; it is one of the few issues that unifies people of diverse perspectives.”
3. “The director was wrong to usurp the Attorney General’s authority on July 5,2016, and announce his conclusion that the case should be closed without prosecution. It is not the function of the director to make such an announcement. At most, the director should have said the FBI had completed its investigation and presented its findings to federal prosecutors.”
4. “Compounding the error: The director ignored another longstanding principle: We do not hold press conferences to release derogatory information about the subject of a declined criminal investigation.”
5. “Although the president has the power to remove an FBI director, the decision should not be taken lightly. I agree with the nearly unanimous opinions of former department officials. The way the director handled the conclusion of the email investigation was wrong.”
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© Source: https://www.usatoday.com/story/news/politics/2017/05/09/why-president-trump-says-he-fired-fbi-director-james-comey/101489212/
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Full text of Trump's letter telling Comey he's fired

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“I wish you the best of luck in your future endeavors.”
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THE WHITE HOUSE
Washington
May 9,2017
Dear Director Comey,
I have received the attached letters from the Attorney General and Deputy Attorney General of the United States recommending your dismissal as the Director of the Federal Bureau of Investigation, I have accepted their recommendation and you are hereby terminated and removed from office, effective immediately.
While I greatly appreciate you informing me, on three separate occasions, that I am not under investigation, I nevertheless concur with the judgment of the Department of Justice that you are not able to effectively lead the Bureau.
It is essential that we find new leadership for the FBI that restores public trust and confidence in its vital law enforcement mission.
I wish you the best of luck in your future endeavors,
Donald J. Trump

© Source: https://www.usatoday.com/story/news/politics/onpolitics/2017/05/09/full-text-trump-letter-comey-firing/101491982/
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Federal court to revisit FTC's throttling case against AT&T

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The revived case could have a major impact on the continued debate over broadband regulations and net neutrality.
A federal appeals court said Tuesday that it plans to review a ruling it delivered last year, when it threw out a Federal Trade Commission lawsuit against AT&T Mobility for throttling the speeds of its unlimited data customers.
The case could have significant implications for the debate over net neutrality and the oversight of internet service providers.
In a suit filed in 2014, the FTC charged the cellular giant misled its customers about its unlimited data plans. However, last year, a three-judge panel of the Ninth Circuit Court of Appeals dismissed the case. Now, an 11-judge panel will review the case.
In last year’s ruling, the court panel ruled that AT&T should be exempt from all FTC regulatory oversight because it qualifies as a common carrier.
Before 2015, the FTC regulated internet service providers (ISPs) like AT&T and Verizon, but the Federal Communications Commission (FCC) in 2015 ruled that ISPs qualify as common carriers under Title II of the 1934 Communications Act.
Congress bars the FTC from regulating common carriers, but the agency continued to regulate “non-common carrier” services provided by such companies. In October, the FTC argued that the
Ninth Circuit’s broad ruling would create an ” enforcement gap ” in which no federal agency could oversee non-common carrier services provided by common carriers. For instance, when Verizon completes its acquisition of Yahoo, Yahoo services could be exempt from FTC regulation.
In its Tuesday filing, the court said, “the three-judge panel disposition in this case shall not be cited as precedent by or to any court of the Ninth Circuit.”
President Trump’s FCC Chairman Ajit Pai praised the Ninth Circuit’s decision to revisit the ruling, suggesting it could help his efforts to roll back net neutrality rules .
The court’s decision, he said in a statement, “strengthens the case for the FCC to reverse its 2015 Title II Order and restore the FTC’s jurisdiction over broadband providers’ privacy and data security practices. Indeed, it moves us one step closer to having the consistent and comprehensive framework for digital privacy that the American people deserve.”

© Source: http://www.zdnet.com/article/federal-court-to-revisit-ftcs-throttling-case-against-at-t/
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FBI: Whaling now a US$ 5 billion business as execs targeted

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Whaling, or Business Email Compromise, has exploded in popularity shown by the massive sums that Whalers are raking in., Misc Software
Whaling, or Business Email Compromise, has exploded in popularity shown by the massive sums that Whalers are raking in. The US Federal Bureau of Investigation (FBI) has reported the continuing explosion of Business Email Compromise (BEC) attacks as the practice becomes a US$ 5 billion business. Between October 2013 and 2016 the total international reported loss from such scams is US$ 5,302,890,449, with US bodies taking up nearly US$ 1.6 billion of that number. That number is drawn together from a variety of reported sources, including complaints to the FBI’s cyber-crime body, IC3. There may be many such incidents which are unreported leaving the true global cost of BEC as yet unknown. The scam continued to be a favourite of cyber-criminals from January 2015 to December 2016, a period that witnessed the skyrocketing of identified exposed losses by 2,370 percent. At its heart, BEC or Whaling is simple. Once an attacker chooses a target, they will spoof an email address or compromise a mail server and then impersonate an individual within the targeted company or at least intimately associated with it. Attackers take a great deal of time to research their targets before crafting an intricately considered email to trick their targets. Social media often provides a great bounty of seemingly innocuous data for a cyber-criminal to cobble together and exploit. “There are daft links that you would never even dream of”, Richard De Vere, a pentester and director of The AntiSocial Engineer, said in a comment. If you post a picture of your new car on social media, a Whaler might see your licence plate and then use it to figure out all manner of information, including where you got the car from. A short spoofed email later, they’re impersonating your dealership and saying you owe them $5,000. “Having access to someone’s social media just opens up so many little variables and tangents”, said De Vere, “it’s linking it up that’s the key” That email will often be sent to a senior executive or key member of the human resources or finance department and direct its recipient to initiate a wire transfer, direct payment to a particular account or to hand over business-critical information. Messages will often be sent at the end of a week or working day to catch their recipients off guard and typically adopt a hurried tone in an attempt to get their victims to abandon their sense of scepticism. The FBI notes that scams of this variety are becoming increasingly similar, paring down in diversity to just a few predominant forms. Conmen will often pretend to be a lawyer with access to confidential information, others will pretend to be a foreign supplier chasing an invoice for services rendered and some will even attempt to initiate hurried wire transfers into ‘company accounts’. In any case, successful attacks end with compromised data or stolen funds. Asian banks are still the primary destination of those stolen funds, according to the FBI, but the United Kingdom is also a popular recipient of the ill-gotten gains. The advisory notes that the continuing popularity of the scam does not appear to be the result of wild new developments in the area. The FBI noted that the classic form of the scam has benefited from a resurgence.

© Source: https://www.pcauthority.com.au/News/461154,fbi-whaling-now-a-us-5-billion-business-as-execs-targeted.aspx?utm_source=feed&utm_medium=rss&utm_campaign=PC+%26+Tech+Authority+Software+feed
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China says it tested new missile as South Korea elects new leader

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China has recently tested a new type of guided missile in a northeastern sea near the Korean peninsula, the defense ministry said Tuesday, hours after South Korean elections held amid regional tensions.
BEIJING, China — China has recently tested a new type of guided missile in a northeastern sea near the Korean peninsula, the defense ministry said Tuesday, hours after South Korean elections held amid regional tensions.
The test in the Bohai Sea was conducted to “raise the operational capability of the armed forces and effectively respond to threats to national security, ” the ministry said in a brief statement.
The statement did not say when the launch took place, only that it happened “recently”.
It did not give any details about the missile nor the type of platform from which it was launched.
The announcement came as South Koreans elected left-leaning former human rights lawyer Moon Jae-In in a presidential election held after a scandal led to the impeachment of the country’s previous leader.
The test also came as China, the United States and the Koreas are locked in a complex diplomatic spat over Pyongyang’s missile launches and potential new nuclear tests.
The US military has installed an anti-missile defense system in South Korea to deter the North, but China sees the deployment as a threat to the regional security balance and its own ballistic missile capabilities.
Washington and Seoul agreed to the Terminal High Altitude Area Defense (THAAD) battery deployment in July in the wake of North Korean missile tests.
Last week, US Forces Korea said THAAD was now operational, with the ability to intercept North Korean missiles, prompting Beijing to demand the immediate suspension of the system’s deployment.
A US defense official said, however, that the system had only “reached initial intercept capability”.
This initial capability will be augmented later this year as additional hardware and components arrive to complete the system, officials said.
The THAAD system, which is being installed on a former golf course in the southern county of Seongju, is designed to intercept and destroy short- and medium-range ballistic missiles during their final phase of flight.
Beijing has imposed a host of measures seen as economic retaliation against the South for the THAAD deployment, including a ban on tour groups.
At the same time, China has come under pressure from US President Donald Trump to lean on North Korea in order to rein in its nuclear ambitions.
Beijing and Pyongyang have a relationship forged in the blood of the Korean War, and the Asian giant remains its wayward neighbor’s main provider of aid and trade.
But ties have begun to fray in recent years, with China increasingly exasperated by the North’s nuclear antics and fearful of a regional crisis. North Korean leader Kim Jong-Un has yet to visit Beijing, more than five years after taking power.
In February, Beijing announced the suspension of coal imports from the North for the rest of the year, a crucial foreign currency earner for the authorities.
Last Thursday, Pyongyang’s Korean Central News Agency (KCNA) issued a rare and stinging denunciation of Beijing.
“China had better ponder over the grave consequences to be entailed by its reckless act of chopping down the pillar of the DPRK-China relations, ” KCNA said in a commentary. CBB

© Source: http://newsinfo.inquirer.net/895647/china-says-it-tested-new-missile-as-south-korea-elects-new-leader
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With China’s financial tightening in full swing, risks needs be managed

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Careful measures will be important for containing the side effects, allowing the economy to slow at a measured pace for the remainder of this year
After a solid start to the year, the Chinese economy appears to be coming off the boil. April’s purchasing managers’ index data pointed to some nascent signs of an economy losing momentum after the stellar performance in the first quarter. Both the official and Caixin measures eased back from their multi-year highs, with sub-components showing a broad-based slowdown in domestic and external demand. The upcoming April activity data will likely corroborate the PMIs, registering a sequential deceleration in growth. To be sure, the Chinese economy is not about to fall off a cliff. Far from it, manufacturing and services-sector activities, as indicated in the PMIs, are still growing at a respectable clip. What’s more, a favourable rebalancing of growth from upstream/large enterprises to downstream/small companies appears to be taking shape. This can help to support a further recovery in private-sector investment and make growth less reliant on official stimulus. On the price front, a further retreat in both input and output prices of the PMIs suggests an easing of inflationary pressure. Such a move is consistent with the recent declines in global commodity prices, and regulatory tightening domestically on commodity speculation, driving down prices of iron ore and other raw materials. For upstream mining companies, these price declines will weigh on their bottom line, but downstream users of the commodities will see their profitability expanding on the back of a lower cost of production. This could be one explanation for the diverging performance between the large and small enterprises in the PMIs. For the central bank, tepid price pressure means that broad-based monetary tightening remains some time off. Still, the People’s Bank and China and its peer regulators have continued to rein in financial speculation and leverage. After guiding the interbank interest rates higher and tightening macro prudential regulation, the regulators, particularly the China Banking Regulatory Commission, China’s pre-eminent banking regulator, have further tightened banks’ inter-financial-institution business, including outsourcing asset management and those relating to off-balance-sheet wealth management products. Banks have reacted to these moves by trimming risk exposure, boosting liquidity, and, where possible, shoring up capital positions. The collective decision to de-risk has triggered a tightening of interbank liquidity, driving up market interest rates and long-term bond yields. Credit spreads have also widened, and equity markets declined as financial institutions offloaded risky assets. The Shanghai and Shenzhen composite indices, for example, have declined by 6 to 7 per cent from their highs in early April, while the ChiNext index, which consists of mid- and small-cap stocks, has fallen even more. Chinese equities have underperformed their peers in Asia and the wider emerging market over the past month. It is still early days to assess the full impact of this financial tightening. But a trade-off between the long-run benefits and short-term costs is in the offing. By initiating these measures, Beijing is aiming to reshape the financial system to make it less risky (with reduced leverage) , less speculative (with reduced shadow banking) and more attentive to the real economy. However, achieving these benefits will not be easy: it requires a skillful manoeuvre by the authorities, and it takes time for the results to transpire. For now and the immediate future, the cost of this policy tightening will likely dominate the market and determine how far the authorities may go with the operation. Besides the aforementioned market impact, the real economy will likely feel the pain from higher funding costs and tighter liquidity, too. Already, corporate bond issuance has fallen in recent weeks, and credit growth has slowed. Shadow banking defaults and other credit events may rise as a result, further hurting investor sentiment and banks’ appetite to lend. Overtightening is, therefore, not a trivial risk, and needs to be carefully managed in this year of leadership transition. With downside risks looming, Beijing will likely proceed with caution. The key to a successful deleveraging is not how to prick the bubble, but how to manage the collateral damage afterwards. In this regard, the Chinese authorities have sharpened their skills in managing the negative spillovers from many bubble-bursting exercises in recent years — the interbank liquidity crunch in 2013, the equity market crash in 2015, and a few in commodity and property markets. A careful management of the process, like those in past episodes, will be important for containing the side effects, allowing the economy to slow at a measured pace for the remainder of this year. However, for the sectors that are directly targeted by the regulatory tightening – shadow banking and certain parts of the capital market – pain will be borne and some casualties are inevitable. For investors, selectivity will therefore be paramount for a successful 2017.

© Source: http://www.scmp.com/business/global-economy/article/2093689/chinas-financial-tightening-full-swing-risks-needs-be
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首相「未来志向の日韓関係を」 文氏当確受けコメント

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文氏の 勝利が確実になったことを受け、 安倍晋三首相は9日夜、 「文次期大統領とともに手を携えて、 未来志向の 日韓関係を幅広い分野において発展させていきたい」 とするコメントを発表した。 ただ文政権の 誕生により…
文氏の勝利が確実になったことを受け、安倍晋三首相は9日夜、「文次期大統領とともに手を携えて、未来志向の日韓関係を幅広い分野において発展させていきたい」とするコメントを発表した。ただ文政権の誕生により、慰安婦問題に関する日韓合意をめぐって両政府の対立が浮上しかねない情勢だ。2015年末の日韓合意では、慰安婦問題が「最終的かつ不可逆的に解決される」と確認したが、文氏は「無効化と再交渉」を掲げているためだ。 菅義偉官房長官は9日の定例会見で「(日韓合意は)両国で約束したもので、国際社会からも高く評価された。実施していくことが極めて重要だ」と述べ、合意破棄や再交渉には応じない姿勢を改めて示した。日本政府は、日韓合意の行方が今後の両国関係の最大の焦点とみている。 北朝鮮が核・ミサイル開発を強行するなか、外交・安全保障分野で両国が協力する必要性は高まっている。文氏の外交ブレーンも歴史認識問題と経済・安全保障を切り離す方針を示しており、日本側は「文氏も日韓関係の重要性は認識している」(外務省幹部)とみる。首相はコメントで「できるだけ早い機会にお目にかかり、率直に意見交換したい」と呼びかけた。(松井望美)

© Source: http://www.asahi.com/articles/ASK595F89K59UTFK00T.html
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Disney Parks and Movies Soar, but ESPN Is a Concern

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The Walt Disney Company reported better-than-expected earnings, but analysts peppered Robert A. Iger with questions about the health of ESPN.
ESPN. ESPN.
The Walt Disney Company reported better-than-expected quarterly earnings on Tuesday, with theme park profits climbing 20 percent and movie income soaring 21 percent. But Robert A. Iger, Disney’s chief executive, once again found himself peppered with questions about the health of ESPN — long the company’s profit engine — on a post-earnings call with analysts.
“We’ re not sitting on our hands, ” Mr. Iger said when asked about the shift by viewers from traditional shows like ESPN’s “SportsCenter” toward the delivery of scores and game clips on smartphones. “There is nothing we can really do to slow that down, ” he said. “It’s important for us to participate in it, and that’s what we’ re doing.”
Mr. Iger, who used the word “bullish” several times to describe his feelings about ESPN’s future, touted mobile offerings and a coming ESPN-branded subscription streaming service. He noted that Hulu, YouTube, Sling TV and PlayStation have included ESPN in new television packages. “These new services are just as valuable to us” as traditional cable and satellite hookups, he said.
Finally, Mr. Iger said that ESPN managers were aggressively controlling costs — about 100 journalists and on-air commentators were laid off last month — and working on additional programming changes “all with an eye toward addressing not only where consumers are today but improving our nonlive sports programming numbers.”
In the quarter that ended April 1, Disney’s biggest division, Media Networks, which includes ESPN, reported $2.22 billion in operating income, a 3 percent decline. Increasing advertising sales and subscriber fees at ESPN did not offset a spike in costs related to college football playoff games and a new National Basketball Association rights contract.
Disney shares fell about 2.3 percent in after-hours trading, to $109.76.
With brands like “Star Wars, ” Pixar and Marvel in its stable, Disney remains the strongest company in Hollywood. But its future is unclear. Technology is upending not only television viewing but the way that movies have been monetized, rolling through one exclusive release “window” after another. As online shopping increases, Disney’s mall stores and broader merchandising business must adapt.
Adding to the uncertainty, a couple of analysts have speculated that Apple, which is sitting on a mountain of cash and where Mr. Iger is a board member, could mount a $200 billion-plus takeover of Disney. Others have dismissed that as unlikely.
The question of succession also hangs over the Magic Kingdom. Thomas O. Staggs, the company’s heir apparent, stepped down a year ago, after losing Mr. Iger’s full support. Mr. Iger, 66, recently extended his contract for a third time — July 2019 is his new retirement date — to give the board more time to identify a successor. Disney has been tight-lipped about candidates and has not hired an outside search firm.
For its fiscal second quarter, Disney reported net income of $2.39 billion, or $1.50 a share, an increase from $2.14 billion, or $1.30 a share, in the same period a year earlier. Analysts had expected $1.41 a share for the most recent quarter.
Revenue totaled $13.34 billion, a 3 percent increase. Analysts had expected $13.45 billion.
The sharp increase in operating income at Walt Disney Parks and Resorts — $750 million, up from $624 million — reflected a 4 percent increase in attendance at Walt Disney World in Florida and Disneyland in California. The opening of the company’s $5.5 billion Shanghai Disney Resort last June also provided a lift. Mr. Iger said that park would attract more than 10 million guests in its first year, “outpacing our most optimistic projections.”
Walt Disney Studios had $656 million in operating income, up from $542 million, in part because of lower costs and the sale of movies to international streaming services. “Moana” and “Doctor Strange” also sold well on video-on-demand platforms and Blu-ray disc.
Even so, Disney’s vast television business, which represents roughly 49 percent of the company’s annual income, is Wall Street’s fixation.
Disney shares had reached $116 in April, near a 52-week high, but fell last week amid a sectorwide sell-off that was driven by a startling acceleration of cord cutting and reports by Time Warner, Viacom, AMC Networks and NBCUniversal of soft ad sales.
At the same time, the media analyst Michael Nathanson noted in a May 1 report that ratings “took a significant turn for the worse across most cable network portfolios” in the last quarter.
Disney was no exception, with viewership falling at ESPN, Disney Channel, Disney XD, Freeform and Lifetime. ABC, which Disney owns, was also down, although less than its broadcast network competitors, as reality shows like “Dancing With the Stars” and “The Bachelor” chugged along.
ABC announced on Tuesday that it would increase its dependence on the reality genre by reviving “American Idol, ” which Fox canceled in 2015 because of falling ratings. For the quarter, Disney, which is based in Burbank, Calif., said its ABC division had profits of $344 million, a 14 percent increase. Ad sales declined and programming costs increased, but the sale of “Iron Fist” to Netflix and the syndication of “How to Get Away With Murder” reruns more than made up the slack.

© Source: https://www.nytimes.com/2017/05/09/business/media/disney-earnings-espn.html?partner=rss&emc=rss&_r=0
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Sean Spicer defends White House following Sally Yates' testimony on Michael Flynn

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Yates testified before Congress Monday, saying that she warned the White House that Flynn could be blackmailed
White House press secretary Sean Spicer speaks during the daily press briefing, Tuesday, May 9,2017, at the White House in Washington.
Sean Spicer on Tuesday defended the White House, following remarks former acting Attorney General Sally Yates had made during a congressional hearing a day earlier about former National Security Adviser Gen. Michael Flynn’s conduct and the Trump administration’s handling of the allegations about him.
Gabe Debenedetti of Politico joins CBSN to discuss the latest controversy surrounding FBI Director James Comey, after sources say he misstated in…
Spicer, the White House press secretary, said Yates had come to the White House on January 26. He said then she informed the White House counsel’s office that there were materials relevant to the situation involving Flynn.
“It wasn’t until about seven days later that they had access to those documents, ” Spicer said. “After that time, they did what you should do frankly – is an element of due process. Reviewing the situation. They informed the president right away after they were informed of her giving us a heads up. And ultimately the president made the right decision.”
He also said that Yates’ assertions about Flynn weren’t clear the first time she came to the White House.
“You have someone who you have to wonder why they are telling you something to the point where they had to come back a second time because what they were saying was unclear.”
Flynn was asked to resign from his position in February, Spicer said, because he had misled Vice President Mike Pence.
Spicer also slammed Yates, referring to her as “someone who is not exactly a supporter of the president’s agenda” and who was widely rumored to have supported Hillary Clinton for president. He said Yates was someone who “clearly showed by the fact that career [Justice Department] attorneys told her the president’s lawful order — that she should sign the president’s lawful order and then chose not to do it” and argued “that vindicates the President’s point.”
Testifying before a Senate Judiciary subcommittee on Monday, Yates, who was fired by the Trump administration after refusing to defend the original Trump travel ban, told lawmakers that she had warned the White House that Flynn “essentially could be blackmailed” because he had lied to his bosses about his contacts with the Russian ambassador to the U. S.
CBS News’ Jillian Hughes and Rebecca Shabad contributed to this report.
Anderson Cooper reports on the effect Trump’s new immigration policy has had on a community in Indiana after a longtime resident is deported
Just how many almonds does he really eat, anyway?

© Source: http://www.cbsnews.com/news/sean-spicer-defends-white-house-following-sally-yates-testimony-on-michael-flynn/
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Top Republicans 'troubled' by Trump firing of Comey

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Top Republicans, including the senator directing the Senate’s Russia investigation, said Tuesday they were “troubled” by President Donald Trump’s firing of FBI Director James Comey.
“I am troubled by the timing and reasoning of Director Comey’s termination, ” Senate Intelligence Chairman Richard Burr, a North Carolina Republican, said in a statement.
While Democrats slammed Trump’s decision on Comey as “Nixonian, ” members of his own party expressed reservations.
Arizona Sen. John McCain said he was “disappointed” by the incident. Sen. Bob Corker, who chairs the Senate Foreign Relations Committee and occasionally advised the Trump campaign last year, said he also had concerns.
Rep. Justin Amash, a member of the conservative House Freedom Caucus, said in a tweet that he would introduce legislation supporting the creation of an independent commission to investigate Russia’s interference in the election.
Amash is one of four Republicans who have signed on to legislation that would force Trump to release his tax returns.
“While the case for removal of Federal Bureau of Investigation Director James Comey laid out by Deputy Attorney General Rod J. Rosenstein was thorough, his removal at this particular time will raise questions, ” Corker said in a statement. “It is essential that ongoing investigations are fulsome and free of political interference until their completion, and it is imperative that President Trump nominate a well-respected and qualified individual to lead the bureau at this critical time.”
RELATED: James Comey Fast Facts

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