Jan. 9, 2019

REUTERS

President Donald Trump urged Congress in a televised speech on Tuesday to give him $5.7 billion this year to help build a wall on the U.S. border with Mexico but stopped short of declaring a national emergency to pay for the barrier with military funds.

President Donald Trump is still considering a possible declaration of a national emergency in order to circumvent Congress and build a wall along the southern border with Mexico, the White House said on Wednesday.

The Trump administration said on Tuesday it would keep providing food assistance to poor Americans in February despite a partial U.S. government shutdown, but warned it had no solution in place for March if the funding shortfall continues.

Joshua Tree National Park in California will be closed at least temporarily so that staffers can grapple with sanitation and maintenance issues that have mushroomed during the partial government shutdown, officials said on Tuesday.

President Trump said he has ordered a halt to federal emergency funds for California to fight wildfires and manage its forests unless officials in the western U.S. state can "get their act together."

A Cambodian court jailed a man on Wednesday for three years for insulting the king in Facebook posts, the second known conviction under a new lese majeste law enacted last year, which rights groups fear could be used to stifle dissent.

The body of an Afghan government employee who also worked as a part-time journalist in western Afghanistan's Farah region has been found, three days after he was kidnapped by Taliban militants, local officials said on Wednesday.

Chinese and U.S. teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes an all-out trade war that could badly disrupt the global economy can be avoided.

U.S. sanctions are putting unprecedented pressure on Iranians while "first class idiots" are running Washington's policy, Supreme Leader Ayatollah Ali Khamenei said on Wednesday.

AP Top Stories

United Nations Secretary-General Antonio Guterres has asked the Security Council to approve the deployment of up to 75 observers to Yemen's port city of Hodeidah for six months to monitor a ceasefire and redeployment of forces by the warring parties.

The EU hit Iran's intelligence services with sanctions Tuesday after accusing Tehran of being behind plots to assassinate regime opponents on Dutch, Danish and French soil.

Over five million Catholics are expected to join one of the world's biggest annual religious gatherings in the Philippines amid President Rodrigo Duterte's heightened attacks on the Catholic Church.

The Afghan Taliban said on Tuesday they had called off peace talks with U.S. officials in Qatar this week due to an "agenda disagreement", especially over the involvement of Afghan officials as well as a possible ceasefire and prisoner exchange.

The United States imposed sanctions Tuesday on seven Venezuelans, including the owner of news network Globovision, for allegedly plundering billions of dollars from the crisis-hit country through black-market currency exchanges.

The Egyptian border crossing was closed for Palestinians seeking to leave Gaza on Tuesday, a border official said, as infighting between Palestinian factions increases.

The Mexican government has pledged to put guards at some 370 illegal crossing points along the country's southern border with Guatemala.

The Russian Orthodox patriarch has warned that the popularity of smartphones is paving the way for the coming of the Antichrist.

Russian military police have begun patrolling around the Syrian city of Manbij, a spokesman said Tuesday, moving into an area once held by US-backed Kurdish forces.

Bell kicked off the official opening day of CES 2019 by showing off the full-scale design of the Bell Nexus, an air taxi of the not-so-distant future. Believe it or not, flying cars are right around the corner -- not in the form of personal, family vehicles but rather as a ridesharing option.

The U.S. Navy, without fanfare or notice, tested a new weapon last summer that could revolutionize surface warfare. The hyper velocity projectile (HVP) is a Mach 3 shell fired from existing guns on cruisers and destroyers. A guided projectile, HVP can drop high explosives on enemies on the ground up to three times as far as conventional ship gun ammo with a high rate of precision. It can also intercept incoming anti-ship missiles, providing an economical alternative to increasingly expensive anti-missile interceptors.

BBC

Car sales in China, the world's biggest vehicle market, have seen their first annual fall in twenty years.

US Secretary of State Mike Pompeo says he is "deeply concerned" about the increased production of coca leaf, the raw material for cocaine, in Colombia. At a meeting with Colombian President Ivan Duque, he said the two countries would try to reduce coca production by 50% by 2023.

WND

A penny that a Massachusetts teenager found in his change from lunch money in March 1947 could be worth as much as $1.65 million when it is auctioned off.

Twenty pupils at a Beijing primary school were wounded on Tuesday in a hammer attack that police said had left three seriously injured, state news agency Xinhua reported.

New York City will begin guaranteeing comprehensive health care to every single resident regardless of someone's ability to pay or immigration status, an unprecedented plan that will protect the more than half-a-million New Yorkers currently using the ER as a primary provider, Mayor Bill de Blasio said.

Add new comment

Plain text

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.