May 8, 2019

REUTERS

President Donald Trump defended himself on Wednesday following a media report that said his businesses had lost more than $1 billion from 1985 to 1994, saying he had leeway with his taxes as a real estate developer.

The United States is planning to impose further sanctions on Iran 'very soon', a senior White House official said on Wednesday, as Tehran announced it was scaling back some curbs to its nuclear program.

Iran announced on Wednesday it was scaling back curbs to its nuclear program, announcing steps that stop short of violating its 2015 deal with world powers for now, but threatening more action if countries did not shield it from U.S. sanctions.

The German government is concerned about Iran's announcement that it will scale back curbs to its nuclear program, German Foreign Minister Heiko Maas said on Wednesday, adding any action that could jeopardize regional stability should be avoided.

Last week's "strike drill" in which North Korean leader Kim Jong Un oversaw the launch of rockets and at least one short-range ballistic missile was "regular and self-defensive," the North's foreign ministry said on Wednesday, according to state media.

The diplomatic cable from Beijing arrived in Washington late on Friday night with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations.

A U.S. appeals court ruled on Tuesday that the Trump administration may continue sending asylum seekers to wait out their cases in Mexico while the government appeals a lower court ruling that found the policy violated U.S. immigration law.

The United States will raise tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent effective on Friday, according to a notice posted to the Federal Register Wednesday.

Britain, the birth place of coal power, has gone seven days without electricity from coal-fired stations for the first time since its 19th century industrial revolution, the country's power grid operator said on Wednesday.

Colorado police on Wednesday tried to determine why two students walked into their school and allegedly opened fire with handguns, killing one person and wounding eight, miles from the site of one of the nation's deadliest school massacres.

AP Top Stories

One student is dead and eight students were injured in a shooting at a Colorado school on Tuesday, according to authorities. The deceased male, who has not been identified, was 18 years old.

The Taliban targeted the police on Tuesday in Afghanistan's eastern Laghman province, killing four police officers, including a district police chief, provincial officials said.

Former self-help guru Keith Raniere was a "predator" who preyed on young women, including a 15-year-old girl, and turned them into sex slaves as part of a cult-like organization, a federal prosecutor told a jury at the start of the trial on Tuesday.

Senator Cory Booker put forth a national licensing proposal calling for all gun owners to obtain federal firearms licenses.

A U.S. Navy hospital ship will embark on another humanitarian mission to help countries cope with an influx of Venezuelans fleeing a deep economic and political crisis, the Trump administration announced Tuesday.

More than 2,000 people have been arrested in Venezuela for political reasons since the beginning of the year, most of them detained during anti-government protests, an NGO reported Tuesday.

Troops loyal to Libyan military commander Khalifa Haftar said Tuesday they shot down a warplane and captured its foreign "mercenary" pilot near the capital Tripoli.

The Iraqi judiciary has tried and sentenced more than 500 foreigners since the start of 2018 for joining the Islamic State group, the country's Supreme Court announced on Wednesday.

Two Reuters journalists jailed in Myanmar after they were convicted of breaking the Official Secrets Act walked free from prison on Tuesday after more than 500 days behind bars.

Just months after the Army's new training brigade returned from Afghanistan, its teams are preparing for a different type of deployment that will scatter them around the world. Rather than putting all 800 soldiers in one war-torn nation, the Army is expected to begin dispatching the unit's small teams separately to countries in Europe, Africa or other regions where they will train and advise local forces.

BBC

The Cuban government has cancelled the country's 12th annual march against homophobia.

At least seven people have been killed in a shooting at a prison near the Guatemalan capital Guatemala City.

Asia Bibi, a Pakistani Christian woman who spent years on death row after being convicted of blasphemy, has left the country, officials have confirmed. Her conviction was overturned last year by the Supreme Court.

Eight European countries have called for an ambitious strategy to tackle climate change - and to spend a quarter of the entire EU budget on fighting it. The joint statement says the EU should have net-zero greenhouse gas emissions by 2050 "at the latest".

WND

The Arizona State Senate voted Monday to declare pornography a public health crisis, but beyond stating such on their resolution, no further action is set to be taken.

The State University of New York-Plattsburgh offered students the chance to de-stress with therapy donkeys, just ahead of finals.

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.