Thursday, 31 January 2019

Phone Giant Plays a Cunning Game Over Huawei Ban

Phone Giant Plays a Cunning Game Over Huawei Ban(Bloomberg Opinion) -- If Deutsche Telekom AG is to be believed, a ban on equipment from Huawei Technologies Co. would slow down its rollout of 5G  networks by two years. Even though such an embargo would be a huge burden for the German phone giant, there are factors that might lessen the pain. A delay to its 5G plans might even be welcome.




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Retired colonel accused in Maduro drone 'attack' held in Venezuela: wife

Retired colonel accused in Maduro drone 'attack' held in Venezuela: wifeA retired Venezuelan colonel accused of being a leader of the explosives-laden drone "attack" on President Nicolas Maduro in August has been arrested, his wife said on Wednesday. "He was kidnapped," Sorbay Padilla said in a video sent to journalists and human rights activists. Garcia Palomo, 54, had been in exile in neighboring Colombia but was captured at the end of last week in western Venezuela after secretly returning to the country, local press reported.




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Polar vortex causes another lousy travel day for fliers, over 3,500 flights canceled

Polar vortex causes another lousy travel day for fliers, over 3,500 flights canceledBrrr! The polar vortex caused hordes of flights to be canceled across the country on Wednesday.




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Five engineers arrested in Brazil over deadly dam collapse

Five engineers arrested in Brazil over deadly dam collapseFive engineers, including two working for a German company, were arrested in Brazil Tuesday as part of a probe into a deadly dam collapse last week at a mine in the country's southeast, officials said. Three of the engineers work for Vale, the owner of the mine, and were directly involved in the process of the facility's operating licenses, the prosecutors' office in the state of Minas Gerais said. The other two worked for TUEV SUED, a German company that in September carried out the last safety inspection on the collapsed mine.




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PG&E files for bankruptcy amid California wildfire lawsuits, citing billions in claims

PG&E files for bankruptcy amid California wildfire lawsuits, citing billions in claimsThe utility filed bankruptcy documents despite investigators determining last week that its equipment was not to blame for a 2017 fire that killed 22.




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Vale's Management Team Is on Thin Ice After Deadly Dam Break

Vale's Management Team Is on Thin Ice After Deadly Dam BreakIt is the second deadly mining disaster involving Vale in only about three years and the company has come under intense scrutiny since images of death and destruction began flooding the airwaves on Friday. While Vale has taken steps in recent years to shield itself from state intervention, the government is still indirectly the company’s largest shareholder through a Banco do Brasil pension fund, known as Previ.




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'Serious consequences,' U.S. warns, after Venezuela moves on Guaido

'Serious consequences,' U.S. warns, after Venezuela moves on GuaidoThe sweeping U.S. sanctions on oil firm PDVSA, announced on Monday, means the state-run company may not be able to fulfill contracts with North American buyers, the government of President Nicolas Maduro said. Aimed at driving Maduro from power, the sanctions were the strongest measures yet against the 56-year-old former union leader, who has overseen economic collapse and an exodus of millions of Venezuelans in recent years. The measures triggered higher global oil prices, angry responses from China and Russia and the first serious moves against Guaido since he challenged Maduro's claim on the presidency last week.




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Dems Tap Stacey Abrams to Respond to Trump’s State of the Union

Dems Tap Stacey Abrams to Respond to Trump’s State of the UnionSenate minority leader Chuck Schumer announced Tuesday that failed Georgia gubernatorial candidate Stacey Abrams will deliver Democrats’ response to President Trump’s State of the Union address. Abrams, who lost a tight gubernatorial race to former Georgia secretary of state Brian Kemp in November, will return to the national spotlight on February 5 to address the nation immediately after Trump concludes his remarks.




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Brexit deal 'best possible' and 'not renegotiable': Macron

Brexit deal 'best possible' and 'not renegotiable': MacronFrench President Emmanuel Macron said Tuesday the Brexit deal is the "best agreement possible and is not renegotiable", as Britain's premier pushed to reopen talks with Brussels. Macron's comments during a summit in Cyprus came as Prime Minister Theresa May appealed to British lawmakers to give her a mandate to renegotiate, after parliament rejected an accord reached with the European Union. Macron urged the British government to "promptly" lay out to EU chief negotiator Michel Barnier "the next steps that will prevent an exit without an agreement, which nobody wants but for which we must all prepare ourselves".




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China slowdown weighs on revenue growth at internet giant Alibaba

China slowdown weighs on revenue growth at internet giant AlibabaInternet giant Alibaba saw its revenue growth slow in the final three months of last year, in quarterly results likely to stir up concerns over the weaker China market, recently signalled to by US tech giants.  Alibaba saw net income jump 33pc to 30.96bn yuan (£3.5bn) in the three months to the end of December, and revenue rose 41pc to 117.28bn yuan. However, shares dipped in New York trading, down 1.3pc, as investors took the results as a sign growth was waning, given Alibaba's revenue had grown more than 50pc for the 10 consecutive quarters prior to the most recent results.  The 41pc growth announced on Wednesday was the weakest Alibaba had recorded in three years.  The results follow a warning from Alibaba president Michael Evans earlier this month that China had "slowed down". Speaking at an event in New York, Mr Evans had said it was a market that "required patience", adding that there were some "troubling headwinds".  Last week, China posted figures revealing its economic growth in 2018 had been the weakest in 28 years amid tensions with the US and poor consumer confidence. The country's GDP growth for the year was 6.6pc, down from 2017's 6.8pc. Some economists are predicting growth could slip below 6pc going forward. Technology intelligence - newsletter promo - EOA Masaaki Kanno, chief economist at Sony Financial Holdings, said: “We still think the Chinese economy could bottom out in the middle of the year. “There was no surprise from the GDP data but the basic message is that the Chinese economy is still slowing down." However, David Dai, of Bernstein, said the environment should improve for Alibaba in the second half of 2019 "as the Chinese government introduces measures to stimulate the economy and US China trade war stabilises". Alibaba is the first of China's big tech companies to report its results for the final three months of 2018, but follows a series of warnings over the state of the China market by US giants Apple, Intel and Nvidia.  Apple last night said sales of its iPhones slipped by 15pc in the final three months of 2018, largely due to weaker demand in China.  Speaking about Alibaba's results on Wednesday, however, boss Daniel Zhang was upbeat, saying: "Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving our growing base of nearly 700 million consumers across retail, digital entertainment and local consumer services."




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Meet one of the ranchers who invited Speaker Pelosi to tour the border

Meet one of the ranchers who invited Speaker Pelosi to tour the borderCalifornia rancher Chris Burgard teamed up with other border ranchers to invite Nancy Pelosi to view the crisis at the border firsthand, even offering to pay for her plane ticket.




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Trump calls his own intel chiefs 'extremely passive and naive'

Trump calls his own intel chiefs 'extremely passive and naive'President Trump on Wednesday criticized his own intelligence chiefs a day after they broke with him in their assessments of the threats posed by North Korea, Iran and Syria.




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El Chapo prosecutor's closing argument: 'Mountain of evidence' proves guilt

El Chapo prosecutor's closing argument: 'Mountain of evidence' proves guiltProsecutors say Guzmán became one of the largest smugglers and sellers of Colombian-produced narcotics to the United States in the 1980s and 1990s.




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Midwest cities scramble to keep homeless from dangerous cold

Midwest cities scramble to keep homeless from dangerous coldBISMARCK, N.D. (AP) — Winter's sharpest bite in years moved past painful into life-threatening territory Tuesday, prompting officials throughout the Midwest to take extraordinary measures to protect the homeless and other vulnerable people from the bitter cold, including turning some city buses into mobile warming shelters in Chicago.




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'El Chapo' must not 'escape' again, U.S. prosecutor tells jury

'El Chapo' must not 'escape' again, U.S. prosecutor tells juryAccused Mexican drug boss Joaquin "El Chapo" Guzman's repeated escapes from the law prove that he "knows he's guilty," a U.S. prosecutor told jurors in closing arguments at his trial on Wednesday, urging them not to let him escape again. Assistant U.S. Attorney Andrea Goldbarg's description of Guzman's history of dramatic prison escapes capped off a day-long summation in federal court in Brooklyn in which she also attacked the defense argument that Guzman was a scapegoat.




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Colder than Antarctica: Here's how bad it is

Colder than Antarctica: Here's how bad it isFrom the polar vortex to Ted Bundy, here’s the news you’ll want to talk about today.




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US retailers prepare to ring in the Year of the Pig

US retailers prepare to ring in the Year of the PigRetailers across the US are raising their game to celebrate the Year of the Pig.




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Trump slams U.S. intelligence chiefs as 'passive and naive' on Iran

Trump slams U.S. intelligence chiefs as 'passive and naive' on IranLeaders of the U.S. intelligence community told a Senate committee on Tuesday that the nuclear threat from North Korea persisted and Iran was not taking steps toward making a nuclear bomb, conclusions that contrasted starkly with Trump's assessments of those countries. "The Intelligence people seem to be extremely passive and naive when it comes to the dangers of Iran.




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Pentagon won't rule out sending troops to Colombia

Pentagon won't rule out sending troops to ColombiaWASHINGTON (AP) — Acting Defense Secretary Pat Shanahan on Tuesday would not rule out sending U.S. military forces to Colombia or the region in connection with the ongoing political upheaval in Venezuela.




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Trump Said 'We Need' Global Warming to Deal With Record Cold Temperatures. Here's Why That Doesn't Make Sense

Trump Said 'We Need' Global Warming to Deal With Record Cold Temperatures. Here's Why That Doesn't Make SenseThere's a big difference between "climate" and "weather"




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Polar vortex stalks Midwest, 'El Chapo' trial, Roger Goodell talks state of NFL: 5 things to know Wednesday

Polar vortex stalks Midwest, 'El Chapo' trial, Roger Goodell talks state of NFL: 5 things to know WednesdayPolar vortex expected to paralyze parts of U.S. with extreme cold, Roger Goodell talks state of the NFL and more things to start your Wednesday.




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Polar vortex to bring AccuWeather RealFeel temperatures of minus 50 F or below

Polar vortex to bring AccuWeather RealFeel temperatures of minus 50 F or belowAs brutally cold air invades the Midwest and Northeast this week, some areas could see AccuWeather RealFeel temperatures dip below minus 50 F.




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Palestinian president Abbas accepts government resignation

Palestinian president Abbas accepts government resignationPalestinian president Mahmud Abbas accepted the resignation of his government Tuesday, in a reshuffle seen as a bid by the ageing leader to strengthen his position as a decade-old political split deepens. Analysts view replacing prime minister Rami Hamdallah after five years as part of Abbas's efforts to further isolate his political rivals Hamas, who run the Gaza Strip. Hamdallah's government will remain in place while a new administration is formed.




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US government scientists correct Trump over climate change statements: 'Winter storms don't prove global warming isn't happening'

US government scientists correct Trump over climate change statements: 'Winter storms don't prove global warming isn't happening'Donald Trump has again appeared to fundamentally misunderstand climate change by suggesting extreme cold weather in the US is evidence global warming does not exist. “In the beautiful Midwest, wind chill temperatures are reaching minus 60 degrees, the coldest ever recorded,” Mr Trump tweeted late on Monday evening. It follows a number of recent tweets by the president expressing gleeful disregard for the scientific consensus that holds human carbon emissions responsible for recent global temperature increases.




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Venezuela targets Guaido with probe, travel ban, asset freeze

Venezuela targets Guaido with probe, travel ban, asset freezeThe court also said prosecutors could investigate Guaido, in apparent retaliation for sweeping U.S. sanctions on oil firm PDVSA, announced on Monday. The sanctions mean the state-run company may not be able to fulfill contracts with North American buyers, the government of President Nicolas Maduro said. Aimed at driving Maduro from power, the sanctions were the strongest measures yet against the 56-year-old former union leader, who has overseen economic collapse and an exodus of millions of Venezuelans in recent years.




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'Don't deal in Venezuelan gold,' White House says, in anti-Maduro push

'Don't deal in Venezuelan gold,' White House says, in anti-Maduro pushNational security adviser John Bolton tweeted that traders should not deal in gold, oil or other commodities "being stolen" from the Venezuelan people, as opponents of Maduro's government worried that a Russian-operated plane had shipped gold out of Caracas on Wednesday afternoon. The White House said U.S. President Donald Trump spoke to Venezuela's self-proclaimed interim president, Juan Guaido, by phone on Wednesday, reiterating support for his "fight to regain democracy." On one side of the tussle for control of Venezuela, an OPEC member that has the world's largest oil reserves but is in dire financial straits, Guaido and Western backers led by the United States are insisting on an immediate transition and fresh elections.




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No mail will be delivered to parts of seven states as polar vortex chills postal delivery

No mail will be delivered to parts of seven states as polar vortex chills postal deliverySo much for "Neither snow nor rain nor heat nor gloom of night." The U.S. mail won't be delivered tomorrow in four states due to the crippling cold of the polar vortex.




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Brexit deal 'best possible' and 'not renegotiable': Macron

Brexit deal 'best possible' and 'not renegotiable': MacronFrench President Emmanuel Macron said Tuesday the Brexit deal is the "best agreement possible and is not renegotiable", as Britain's premier pushed to reopen talks with Brussels. Macron's comments during a summit in Cyprus came as Prime Minister Theresa May appealed to British lawmakers to give her a mandate to renegotiate, after parliament rejected an accord reached with the European Union. Macron urged the British government to "promptly" lay out to EU chief negotiator Michel Barnier "the next steps that will prevent an exit without an agreement, which nobody wants but for which we must all prepare ourselves".




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How major cities are helping homeless populations during the polar vortex intrusion

How major cities are helping homeless populations during the polar vortex intrusionNew York, Washington, D.C., Boston and Chicago are taking extra measures to protect homeless populations amid extreme cold, and experts recommend tips for how you can help if you see someone in need.




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Here's why you should have faith in Robert Mueller and the Russia investigation

Here's why you should have faith in Robert Mueller and the Russia investigationIs the Mueller probe fair? Is it being conducted ethically? Who should we believe when the president tells us we can’t trust law enforcement?




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Huawei exec's extradition hearing pushed to March

Huawei exec's extradition hearing pushed to MarchThe extradition hearing for a top Huawei executive at the center of a diplomatic row between Ottawa and Beijing was pushed back to March on Tuesday, after the US unveiled sweeping charges against her and the Chinese tech giant. Meng Wanzhou, Huawei's chief financial officer and the daughter of its founder, was indicted along with Huawei and two affiliates in a US case related to alleged Iran sanctions violations that has inflamed tensions with China. In Meng's first court appearance since being released, the judge moved the start of her extradition hearing to March 6, a month later than previously scheduled, in order to allow the defense time to review the evidence in the case.




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Spy chief contradicts Trump's claims of progress with North Korea

Spy chief contradicts Trump's claims of progress with North KoreaThe director of national intelligence's downbeat assessment, in testimony before a Senate committee, came just weeks ahead of a planned second summit between Trump and North Korean leader Kim Jong Un. The annual Worldwide Threat Assessment from the Directorate of National Intelligence (DNI), released by Coats, noted that North Korea had not conducted any nuclear or missile tests in over a year and had declared its support for the denuclearization of the Korean Peninsula. Pyongyang had also "reversibly dismantled" parts of its infrastructure for weapons of mass destruction, the report said.




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The Latest: Extreme cold stops mail delivery in some states

The Latest: Extreme cold stops mail delivery in some statesMINNEAPOLIS (AP) — The Latest on a major snowstorm and frigid weather in the Midwest (all times local):




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Top airline is selling flights for $44

Top airline is selling flights for $44Winter weather and the general lull of the post-holiday season can leave just




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Harley-Davidson recalls nearly 44,000 Street motorcycles for faulty brakes, temporarily stops shipment of Streets

Harley-Davidson recalls nearly 44,000 Street motorcycles for faulty brakes, temporarily stops shipment of StreetsHarley-Davidson has recalled 43,908 of its Street motorcycles for a brake issue that could cause a crash.




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Five engineers arrested in Brazil over deadly dam collapse

Five engineers arrested in Brazil over deadly dam collapseFive engineers, including two working for a German company, were arrested in Brazil Tuesday as part of a probe into a deadly dam collapse last week at a mine in the country's southeast, officials said. Three of the engineers work for Vale, the owner of the mine, and were directly involved in the process of the facility's operating licenses, the prosecutors' office in the state of Minas Gerais said. The other two worked for TUEV SUED, a German company that in September carried out the last safety inspection on the collapsed mine.




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Howard Schultz Responds to Dem Backlash Against His Presidential Run: ‘I Must be Doing Something Right’

Howard Schultz Responds to Dem Backlash Against His Presidential Run: ‘I Must be Doing Something Right’Former Starbucks CEO Howard Schultz conceded Wednesday that he is surprised by the extreme Democratic backlash against his recently-floated independent presidential run, but suggested the outsized attention may ultimately help get his message out. “I must be doing something right to create so much interest and backlash from the Democratic Party. "I must be doing something right to create so much interest and backlash from the Democratic Party.




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Canada’s Decision on Huawei and 5G ‘Some Ways Off,’ Goodale Says

Canada’s Decision on Huawei and 5G ‘Some Ways Off,’ Goodale Says“I’m not going to speculate about time but it’s certainly beyond weeks,” Goodale told reporters Tuesday after a cabinet meeting. Goodale said Canada will take the view of allies such as the U.S. into account when studying potential risks to national security, and will make its own decision in the end. China’s ambassador to Canada and Huawei officials have denied the company’s gear is used for spying.




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Goldman Sachs ups 'no-deal' likelihood after UK parliament amendment vote

Goldman Sachs ups 'no-deal' likelihood after UK parliament amendment voteGoldman Sachs nudged up its estimated probability of a "no-deal" Brexit on Wednesday after British lawmakers instructed Prime Minister Theresa May to reopen a Brexit treaty with the European Union to replace a controversial Irish border arrangement. Britain's parliament rejected a proposal to give parliament a path to prevent a potentially chaotic "no-deal" exit, but accepted two amendments - one seeking to replace the Irish backstop with alternative arrangements, and another rejecting the notion of a "no-deal" Brexit. Goldman Sachs analysts upped their "no-deal" Brexit probability to 15 percent from 10 percent, and cut their probability of Brexit not happening at all to 35 percent from 40 percent.




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Venezuela: US sanctions threaten heavy crude supplies

Venezuela: US sanctions threaten heavy crude suppliesUS sanctions against Venezuela's national oil company risk raising crude prices owing to a drop in exports of so-called heavy crude on which the world depends. Washington's move against PDVSA on Monday is aimed at crippling embattled President Nicolas Maduro's power base. Although crude output by OPEC member Venezuela has slumped in recent years, its heavy oil is sought after by US refineries who mix it with lighter crudes to make petrol.




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Chicago Police Investigating Possible Hate Crime Attack Against Empire Actor

Chicago Police Investigating Possible Hate Crime Attack Against Empire ActorJussie Smollett told police that the attackers wrapped a rope around his neck




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Roger Stone's not guilty plea shows collapse of Russian collusion narrative

Roger Stone's not guilty plea shows collapse of Russian collusion narrativeIt wasn't a crime for the Trump campaign to be interested in what WikiLeaks had on Hillary, other Democrats. The collusion narrative is falling apart.




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Trump Says No Spending Deal Without Wall or ‘Physical Barrier’

Trump Says No Spending Deal Without Wall or ‘Physical Barrier’“If the committee of Republicans and Democrats now meeting on Border Security is not discussing or contemplating a Wall or Physical Barrier, they are Wasting their time!” Trump said Wednesday on Twitter. House Minority Leader Kevin McCarthy lent credence to the possibility that Republicans could endorse that route when he told Fox News on Wednesday morning that distinctions between a wall and fencing were just semantics.




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Senate judiciary chair requests FBI briefing on arrest of Trump ally

Senate judiciary chair requests FBI briefing on arrest of Trump allyThe Republican chairman of the U.S. Senate judiciary panel on Wednesday requested a briefing from the FBI on the arrest of Roger Stone, a longtime associate of President Donald Trump, in an inquiry into Russian interference in the 2016 U.S. election. Senator Lindsey Graham said he was concerned about the number of agents involved, tactics employed and the timing of Stone's arrest on Friday in Florida. Special Counsel Robert Mueller is investigating U.S. allegations that Russia meddled in the election and whether members of the campaign of then-Republican candidate Trump coordinated with Moscow officials.




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Good-bye polar vortex, hello spring? Weekend will be 75 degrees warmer

Good-bye polar vortex, hello spring? Weekend will be 75 degrees warmerThe bitter cold that froze parts of the central and eastern U.S. this week will be a distant memory by the weekend.




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My special needs students needed their teachers in the classroom — not on the picket line

My special needs students needed their teachers in the classroom — not on the picket lineThe Los Angeles Unified School District strike resulted in historic wins for teachers. But students with disabilities were forced to bear the cost.




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Phone Giant Plays a Cunning Game Over Huawei Ban

Phone Giant Plays a Cunning Game Over Huawei Ban(Bloomberg Opinion) -- If Deutsche Telekom AG is to be believed, a ban on equipment from Huawei Technologies Co. would slow down its rollout of 5G  networks by two years. Even though such an embargo would be a huge burden for the German phone giant, there are factors that might lessen the pain. A delay to its 5G plans might even be welcome.




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Midwest cities scramble to keep homeless from dangerous cold

Midwest cities scramble to keep homeless from dangerous coldBISMARCK, N.D. (AP) — Winter's sharpest bite in years moved past painful into life-threatening territory Tuesday, prompting officials throughout the Midwest to take extraordinary measures to protect the homeless and other vulnerable people from the bitter cold, including turning some city buses into mobile warming shelters in Chicago.




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Alibaba profit up 37% but revenue growth eases

Alibaba profit up 37% but revenue growth easesChinese e-commerce leader Alibaba said Wednesday that net profit increased 37 percent in the latest quarter as growth in cloud computing and other business lines helped offset a slowing expansion in core online retail. The company's net profit grew to 33.0 billion yuan ($4.9 billion) in the October-December third quarter, compared to 24.1 billion yuan over the same period in 2017. Alibaba dominates China's emerging consumer culture and its corporate results were widely anticipated for any signs of whether a worsening Chinese economic slowdown and the US-China trade tussle was curbing the country's appetite for shopping.




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Mnuchin says Huawei case 'separate' from U.S.-China trade talks

Mnuchin says Huawei case 'separate' from U.S.-China trade talksU.S. Treasury Secretary Steve Mnuchin said on Tuesday he expected to see significant progress in trade talks with Chinese officials this week and that U.S. charges against telecommunications giant Huawei Technologies Co Ltd were a separate issue. "Those are separate issues, and that's a separate dialogue," Mnuchin said in an interview with Fox Business Network. "So those are not part of trade discussions.




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US Midwest braces for dangerous arctic chill

US Midwest braces for dangerous arctic chillMillions of Americans braced Tuesday for a dangerous polar vortex which began to settle over a broad swath of the United States, threatening to set new records for cold as schools and businesses closed and authorities warned of frostbite. Temperatures in almost a dozen states stretching over 1,200 miles from the Dakotas to Ohio were forecast to be the coldest in a generation, if not on record. The National Weather Service (NWS) forecast temperatures between -10 to -40 degrees Fahrenheit (-23 to -40 Celsius) by Wednesday, with wind chill making it seem as cold as -65 degrees Fahrenheit in one area of Minnesota.




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