Jailed Huawei CFO's bail decision pushed to Tuesday as tensions persist

Jailed Huawei CFO’s bail decision pushed to Tuesday as tensions persist

Meng Wanzhou, who is detained in Canada and faces extradition to the United States, has been held for 10 days. The hearing to determine whether she should be released ahead of extradition proceedings will continue Tuesday after two days of arguments in a Canadian court.
Meng was arrested in Vancouver on December 1 at the request of US authorities. She’s accused of helping Huawei, one of the world’s biggest makers of smartphones and networking equipment, dodge US sanctions on Iran, according to Canadian prosecutors.

David Martin, Meng’s attorney, has proposed that she be allowed to reside in one of her properties in Vancouver in the interim. He said Meng would be closely monitored and would personally cover all the related security costs.

Meng, 46, is a high-profile executive at one of China’s best-known tech companies. In addition to her role as CFO, she serves as deputy chairperson of Huawei’s board.

The United States alleges that Meng helped Huawei get around US sanctions on Iran by telling financial institutions that a Huawei subsidiary, Skycom, was a separate and unaffiliated company, Canadian prosecutors said last week.

The US Justice Department has declined to comment on the case.

Meng faces “serious charges of fraud” in the United States involving “millions of dollars,” where she could receive substantial jail time if convicted, according to a statement from a Canadian law enforcement official filed in court.

Meng’s lawyers have argued that Meng should be released on bail while she waits for an extradition hearing because of health concerns including severe hypertension.

She was taken to a hospital to be treated for hypertension after she was arrested, according to court documents.

Martin also said that Meng has ties to Canada and is not a flight risk. Her links to Vancouver go back at least 15 years and she has significant property holdings in the city, he noted.

Martin also claimed the case against Meng had not been fully laid out, even though a US federal judge issued a warrant for her arrest August 22.

The attorney argued that Meng wouldn’t breach any court order to remain in Canada because doing so would embarrass her personally, and would also humiliate her father, Huawei and China itself.

Canadian authorities, meanwhile, believe that Meng should only be released if she receives tough bail conditions, since she has “access to large amounts of resources to escape the jurisdiction,” according to court documents.

Huawei has said it’s “not aware of any wrongdoing by Ms. Meng” and that it “complies with all applicable laws and regulations where it operates.”

Meng’s detention has further strained the tense relationship between Washington and Beijing just as the two sides are trying to negotiate an end to their bruising trade war.

Chinese officials have demanded that Meng be let go.

Over the weekend, the Chinese Foreign Ministry said it had summoned both US Ambassador to China Terry Branstad and Canadian Ambassador to China John McCallum to address Meng’s detention, which it described as “lawless, reasonless and ruthless.”

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Sterling sinks on Brexit vote delay, Asian shares dither

Sterling sinks on Brexit vote delay, Asian shares dither

SYDNEY (Reuters) – The pound hovered near 20-month lows on Tuesday, as political turmoil deepened in Britain with a key vote on Brexit being delayed while U.S. shares staged a late rebound in a positive signal for Asian markets.

FILE PHOTO: Pound Sterling notes and change are seen inside a cash register in a coffee shop in Manchester, Britain, September 21, 2018. REUTERS/Phil Noble/File Photo

British Prime Minister Theresa May abruptly postponed a parliamentary vote on her Brexit agreement, a move that hit risk assets globally and sent the pound spiraling to $1.2505.

Separately, disappointing data from major economies including China and Japan have fanned worries about global economic activity. The ongoing Sino-U.S. trade battle has also clouded the outlook for world growth.

All that has put brakes to the rapid momentum in equities, with MSCI’s broadest index of Asia-Pacific shares outside Japan skidding more than 16 percent so far this year. It had surged 33.5 percent in 2017.

The index was last off 0.1 percent. Australian shares gained 0.6 percent while Japan’s Nikkei lifted 0.2 percent.

Overnight on Wall Street, major indexes bounced modestly from an initial drop due in part to a recovery in Apple shares. The Dow added 0.1 percent, the S&P 500 gained 0.2 percent and the Nasdaq climbed 0.7 percent.

But analysts said overall sentiment was still fragile.

“The bear market vibe at the end of 2018 is expected to continue, with asset prices finding their lows in the first half of 2019 once rate expectations peak and global earnings expectations trough,” according to BofAML.

For the year ahead, BofAML has forecast modest gains in equities and credit, a weaker dollar, widening credit spreads, and a flattening to inverted yield curve – a combination that calls for heightened volatility.

Sterling cracked below important chart support around $1.26 as May delayed the vote and the European Union refused to renegotiate while lawmakers doubted her chances of winning big changes.

The dollar climbed on the yen to 113.19. An index that measures the greenback against a basket of major currencies has jumped 5.5 percent so far this year as investors pile on the dollar as a safe haven bet.

The currency also gained as the U.S. Federal Reserve stayed on its policy tightening path, although uncertainties over how much further the Fed can go have turned dollar bets sour.

Among emerging markets, investors will focus on India where the central bank governor abruptly resigned.

In commodities, oil prices echoed the weakness in global stock markets amid worries about a slowdown in demand.

Editing by Jacqueline Wong

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Video Surveillance System: Helps to Keep Criminals at Bay

Now you can protect your home and family from burglaries and other crimes by installing a video surveillance system. Not only does it keep criminals at bay, but also stores recorded evidence of all activities. So, even if a criminal manages to get into the house, he can be sentenced and prosecuted with the aid of the recordings. Recently, NICE Systems Limited, the worldwide leader of intent-based solutions, has announced the launch of a next-generation, open-platform, enterprise-class, IP video surveillance solution, NiceVision Net 2.0, at the 2010 ASIS International 56th Annual Seminar in Dallas. This has a three-tiered design which can meet the needs of a broad range of security operations.

Installing a video surveillance system is not a very difficult job. It can be installed both inside and outside a house. In order to have full coverage on the property, it is better to install multiple cameras. The cameras are generally of various types depending on the purpose of usage. Some of the types of surveillance systems are-

1. USB DVRs: These types of cameras can be mounted anywhere at the front door, backdoor, and such other places. The cameras are capable of day and night recordings.

2. IP Cameras: These cameras also can be used both indoors and outdoors. As they connect directly to the computer, there is no need for DVRs.

3. Complete Devices: These are wireless systems that include a DVR and a monitor along with the cameras. These are foolproof security devices. These come with remote viewing capability.

The best part of installing a video surveillance system is that, any unwanted movement in your home will be detected by the security company. Many security companies also let you access the camera footage from your computers or cell phones. With this device you can have complete control over the goings-on at your place. The system gives you a pair of omniscient eyes to keep track of activities in and around your home.

Source by Alice Shown

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Lalit Modi’s wife Minal dies. Read tribute penned by former IPL boss

Minal Modi, the wife of former Indian Premier League boss Lalit Modi, died at the age of 64

Minal Modi died at the age of 64

Minal Modi died at the age of 64

You have been my life and my journey”, wrote Lalit Modi, the former IPL chairman, as he announced the death of his wife Minal on Monday, December 10.

Modi, 53, is the former chairman of the Indian Premier League. He left India after being charged with money laundering.

“My love, my life, my soulmate…You are finally at peace, and I am sure you will be watching over us,” Modi wrote in a Twitter post on Tuesday morning.

“I must continue as promised to you in ensuring our children are protected and nurtured and loved and I know you will always be there…But my love it will be tough. But you have taught us to be tough.”

For the latest Assembly Election News and updates from Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana, Mizoram, Log on to indiatoday.in
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About 300,000 without power in U.S. southeast after storm

Heavy snow kills three, snarls travel in U.S. Southeast

ATLANTA (Reuters) – An intense snowstorm headed out to sea on Monday after dumping up to 2 feet (60 cm) of snow on parts of the Southeastern United States, leaving three people dead in North Carolina and some 138,000 customers in the region still without power.

School districts across North and South Carolina and Virginia canceled classes for the day and emergency officials warned that heavy snow and icy roads were slowing their responses to problems such as hundreds of stranded motorists.

The storm dropped its heaviest snow in the appropriately named Whitetop, Virginia, tucked in the Appalachian Mountains along the western end of the Virginia-North Carolina border, the U.S. National Weather Service said. Whitetop received 2 feet of snow, while Greensboro, North Carolina, had 16 inches (41 cm) and Durham, North Carolina, got 14 inches (36 cm).

Slippery conditions on roadways in central and western North Carolina and southwest Virginia were expected on Monday night as temperatures were forecast to drop below freezing, Daniel Petersen, NWS meteorologist, said.

But temperatures were expected to rise later in the week, reaching into the 50s F in North Carolina east of the mountains on Friday, when there is a chance of rain.

There were three storm-related deaths, North Carolina Governor Roy Cooper’s office said in a statement. A person died from a heart-related condition while en route to a shelter, and a terminally ill woman died when her oxygen device stopped working.

A motorist also died and a passenger was injured in Matthews in southwestern North Carolina on Sunday when a tree fell on their vehicle as it was traveling, Matthews police officials said in a statement.

The number of customers without power in the Carolinas and Virginia had decreased to about 138,000 by Monday evening from more than 220,000, Poweroutage.us reported.

The storm prompted the cancellation of one in four flights into and out of Charlotte/Douglas International Airport, the sixth-busiest in the country, and other airports across the region, flight-tracking website FlightAware said.

Slideshow (5 Images)

The mayor of Greensboro, North Carolina, Nancy Vaughan, who declared a state of emergency for the city on Sunday, said online that its police and fire departments had responded to over 100 accidents and 450 stranded motorists.

“Stay off the roads if you can,” Vaughan tweeted on Monday.

More than 100 counties across Georgia, North Carolina and Virginia delayed or canceled classes on Monday because of severe weather.

Reporting by Rich McKay; Additional reporting by Suzannah Gonzales in Chicago, Gina Cherelus and Maria Caspani in New York and Brendan O’Brien in Milwaukee; Editing by Richard Chang and Peter Cooney

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China's Huawei executive seeks bail in U.S. extradition case

China’s Huawei executive bail hearing adjourned to Tuesday

VANCOUVER (Reuters) – A Canadian provincial court on Monday adjourned without deciding the fate of a top executive of Huawei Technologies Co Ltd after she appeared in a Vancouver court in relation to an extradition case following her arrest at the request of the United States.

Meng Wanzhou, 46, the daughter of the Huawei founder, was arrested on Dec. 1 as part of a U.S. investigation while she was changing planes in Vancouver, British Columbia.

The hearing will resume on Tuesday 10:00 a.m. PST (1 p.m. EDT/ 1800 GMT), the judge said.

Reporting by Anna Mehler Paperny; Additional reporting by Ben Blanchard in Beijing and David Ljunggren in Ottawa; Editing by Sandra Maler; Writing by Anna Mehler Paperny and Nick Zieminski; Editing by Bill Rigby and Sonya Hepinstall

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Conservative media's Ocasio-Cortez obsession

Ocasio-Cortez’s ‘Green New Deal’ is a smart plan (opinion)

Ocasio-Cortez, along with a growing number of Democratic colleagues, is asking Rep. Nancy Pelosi to create a select committee on a “Green New Deal” — comprehensive legislation for a mass mobilization of people and resources toward solutions to the climate crisis. If Pelosi agrees, the congressional committee could develop a plan to improve the economy and the environment within a year.
In 2007, Pelosi established a select committee on Energy Independence and Global Warming; it played a role in the creation of the 2007 energy bill, a 2009 stimulus package that included funds for energy efficiency and other environmental provisions, and the 2009 Waxman-Markey bill, which would have established emissions caps and implemented a system for trading emissions allowances, was passed by the House but never acted upon by the Senate. A select committee on a Green New Deal could allow congressional Democrats to pick up where they left off after Republicans disbanded the former committee in 2011 when they took control of the House.
Creating a committee now would be a huge step forward. A big driver of Ocasio-Cortez’s proposal is curbing climate change. A landmark climate report released last month showed the world has less than 12 years to cut carbon emissions in half to avoid catastrophic consequences — a fact that the Trump administration is teaming up with Saudi Arabia, Kuwait and Russia to try to bury at the COP24 summit in Poland.

Inspired by President Franklin Delano Roosevelt’s legendary public programs and projects in the 1930s intended to lift America out of the Great Depression, a Green New Deal could reduce climate pollution while uplifting struggling families.

The cost of living for too many Americans is going way up, while the quality of their lives is going way down. Reports show the cost of living in the United States is increasing at the fastest rate in 10 years. Rising housing costs and the increasing price of oil, gas and transportation are the two biggest factors. Low- and moderate-income Americans and people of color really feel the pinch, because they pay a higher percentage of their incomes on housing, transportation and energy.

The benefits of a Green New Deal are real whether you believe in climate science or not. Solar panels don’t put themselves up, wind turbines and smart batteries don’t manufacture themselves, new forests don’t plant themselves. Everything that’s good for the planet is a job, a contract, a business opportunity.

Telling young women to stay in their lane is sexist, period

Well-paying green jobs can help lift people out of poverty. American families suffering most also have the most to gain from a Green New Deal that’s done right. The price of pollution adds up; it costs too much — and the poorest pay the most.

On average, according to the American Council on an Energy-Efficient Economy, low-income households pay more than three times the percentage amount that higher-income households pay for utilities, and 50% more than the average household for transportation. Research shows low-income communities and communities of color also bear the brunt of pollution-related health impacts, which means higher medical costs and shortened lifespans.
Modernizing our energy grid and investing in renewables to power homes and buildings would bring energy bills down for everyone. Meanwhile, retrofits for existing buildings to provide proper insulation, modern heating and cooling, and energy-efficient appliances would help struggling families afford to keep their homes warm and the lights on.
On top of that, we could bring transportation costs down for families and businesses by electrifying cars, trucks and buses, and by replacing gas stations with charging stations across the country.
At the scale where cities and school districts are saving money on energy and transportation, those taxpayer dollars could be invested in improving education, health care, and other services. The funds could even go toward improving transit services in rural communities.

This is the promise of a Green New Deal. Clean air and a strong economy. Better health and thriving neighborhoods.

There is a place for coal miners, too. In the short term, the steel to build the wind turbines would need to be smelted using high grade Appalachian coal. To prepare for our society’s transition away from fossil fuels, Green New Deal funds could subsidize green businesses that come in to replace local industries and pay for job training. Some funds could even cover health care and pension costs for workers close to retirement age. There is a place for everyone in the new clean economy.

US undermining 'last chance' climate talks, experts charge
The US Energy and Employment Report shows that in 2017 we already had 3.2 million people working in wind, solar, energy efficiency and other clean energy jobs, outnumbering fossil fuel jobs 3 to 1. Countries like China are outpacing the United States in renewable energy, as the Trump administration rolls back its ambition. Targeted investments by the federal government could help the United States stay competitive and keep consumer cost low, all while addressing the needs of communities most affected by pollution.

In our hearts, most people know that an economy tied to coal and oil is a ticking time bomb. When those resources are gone, those jobs will be gone, and so will our planet.

Communities do better when the planet does better.

We know Nancy Pelosi supports and has worked to achieve positive environmental policy. She shepherded the Green Jobs Act of 2007 through to passage and signing by George W. Bush, as a part of a broader energy package. The only question now is: Will Pelosi establish a committee to create a Green New Deal next year, to make progress under the current administration? That is the question hundreds of young people went to her offices to ask, first in early November and again on Monday.

We hope Pelosi creates the committee — and believe that she will. When she does, Alexandria Ocasio-Cortez will be looking even smarter, and her critics will be looking even more foolish.

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Mizoram Assembly Election Result 2018

Mizoram Assembly Election Result 2018 Live Update: Will MNF stump Congress?

Good morning!

Results for the Mizoram assembly elections will be declared today. Along with the 40-member Mizoram assembly, results will also be declared for the assemblies of Chhattisgarh, Madhya Pradesh, Telangana and Rajasthan.

Mizoram voted on November 28 to elect its next government. The Congress has ruled Mizoram for the last two terms. Lal Thanhawla has been the Mizoram chief minister since 2008. Going into the Mizoram assembly election 2018, Lal Thanhawla exuded confidence that his government would be voted back to power.

The Congress had won 34 of 40 seats in the 2013 Mizoram assembly election. According to India Today-Axis My India exit poll, the Congress might have to be content with 8-12 seats less in Mizoram assembly.

Notwithstanding the projections, Mizoram Congress spokesperson Lallian Chhunga said, We are hoping to cross 23 seats.” “However, Chhunga admitted that the “the margin will come down this time”.

The Mizo National Front (MNF) is likely to emerge the single-largest party in the Mizoram assembly election 2018, according to India Today-Axis My India exit poll. The MNF is a constituent of the Northeast Democratic Alliance (NEDA) – the NDA version in the Northeast. The MNF is expected to win 16-22 seats and likely to form the government in Mizoram for the third time – after 1998-2003 and 2003-2008.

“We will win anything above 25 and it may go up to 30,” MNF chief Zoramthanga told India Today.

An interesting element in Mizoram politics this election season is the emergence of the Zoram People’s Movement. The ZPM, a conglomerate of independent candidates and regional groups, is likely to bag 8-12 seats. Others including Independents may settle with 1-4 seats.

ZPM constituent Mizoram Nationalist Party chief Lalduhoma is also in the fray from two seats – Serchhip (challenging CM Lal Thanhawla) and Aizawl West I.

The results will start trickling in soon. Stay tuned with our live blog as we bring you the latest updates.

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Rajasthan assembly election results

Rajasthan Election Results Live Updates: Will BJP break 25-year curse?

Good morning, everyone!

Rajasthan is one of the five states that went to polls in the November-December batch of assembly elections 2018. Rajasthan, which is currently ruled by the Bharatiya Janata Party, has seen an interesting polling trend since 1998, with power shifting between the Congress and the BJP. Neither party has been able to form a government for two consecutive terms.

The state went to polls on December 7 and saw a high voter turnout of 74.21 per cent.

Rajasthan is a prestige issue for the Bharatiya Janata Party, as it seeks to repeat its 2013 victory. However, it has not been an easy battle for Rajasthan Chief Minister Vasundhara Raje who is facing a strong anti-incumbency wave. Issues such as the agrarian crisis, unemployment and women’s safety as well dissent within the state BJP unit ranks have plagued Raje’s tenure as CM.

Rajasthan has seen an intense battle between the BJP and the Congress, with both parties bringing out heavyweights on the campaign trail. The BJP relied on the PM Narendra Modi as well as party chief Amit Shah to bolster the saffron wave.

Congress entrusted the task of winning Rajasthan to senior leaders Sachin Pilot and Ashok Gehlot, both of whom are potential chief ministerial candidates. Congress chief Rahul Gandhi also campaigned vigorously.

Exit polls have predicted that the Congress’s outreach would prove successful, with the party projected to win a clear majority in the state. According to the India Today Axis My India exit poll, Congress is set to win anything between 119 and 141 seats out of the total 200.

It remains to be seen if voters favour Raje or if Rajasthan repeats its 25 year practice of electing a new government. Stay tuned for live updates on Rajasthan assembly election results.

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exp David Andelman clip_00002001

Macron will need to do a lot more to silence the protestors (opinion)

On Monday night, he went before his people in an attempt to save his administration. Though demanding “a profound reform of the state,” his speech did not lay out the sweeping reforms that would salvage his teetering grip on the nation.

Instead, Macron trotted out a laundry list of small fiscal reforms — promising a token increase to the minimum wage (100 euros, or $113, per month), ending some tax increases for retirees earning less than 2,000 euros per month and asking companies to provide year-end, tax-free bonuses to workers.
But he dug in his heels, refusing to reinstate the tax on the wealthy that had existed for nearly 40 years. This refusal will stick in the craw of so many of the protestors who, calling him the “President of the Rich,” have gone into the streets — a practice that Macron vowed to stand firmly against and put an end to at any cost.
Ironically, the real roots of the gilets jaunes’ (“yellow vests”) frustrations are similar to those of many of the grassroots supporters of Donald Trump — a powerful and growing sense of disenfranchisement and working class struggle. After five years of socialist president François Hollande, who was driven from office with single-digit popularity, they had hoped that change through the ballot box would translate into a better everyday life. Clearly it has not. While Trumpland’s disaffections are demonstrated most graphically in his powerful rallies, in France, the tradition has been to take to the streets.

As the French radio network France Info observed, “The roots are inscribed in the history of popular revolts” in France. There is no doubt of this at all, especially to those who lived through the revolutions of 1968 that nearly drove Charles de Gaulle from power, and those who, like me, witnessed protestors being driven from the very doors of the National Assembly. In each case, it was a strong and deft response by a President — still respected by the bulk of his people — that saved the day.

On Monday night, Macron deftly avoided dissolving Parliament and calling for new elections. Had he instead taken those moves, he would have been in real danger of finding himself, for the rest of his first term as President, with a legislature dominated by one or more opposition parties — what the French call euphemistically “cohabitation.” This means Macron sitting, isolated and relatively powerless, in the Élysée Palace with an out-of-control opposition government swirling around him, leaving in tatters his dual visions of transforming French society and leading Europe into a united future.

Still, Macron’s speech fell short. What Macron needed tonight were some simple, direct and concrete measures — and he only offered a few of those.

Graffiti on the streets of Paris reads: 'Macron, breed of dog.'
The costs of the unrest have already proved enormous, bordering on catastrophic. Coming during the peak holiday shopping season, the past month of riots has cost retailers at least 1.1 billion euros, while driving away hordes of tourists. And some of France’s most prestigious stores and most lavish display windows, even Dior’s showcase on the ultra-chic Avenue Montaigne, were covered with plywood to prevent damage and looting. The nation’s largest department stores — Galeries Lafayette and Printemps — closed entirely on Saturday, along with key tourist spots like the Eiffel tower and the Louvre.
Macron’s problem has multiple origins, and that is part of why there is no easy solution. First, it is a revolt that began in the countryside but that has now been embraced by parts of urban France. Unlike earlier revolts, rural France has managed to bring its most powerful forces to bear quickly in the capital — mobilizing on Facebook pages (that are now alleged to have been manipulated by Russian agents), and using France’s high-speed rail network to bring protestors to Paris from the furthest reaches of France inexpensively and in a matter of hours.

Unfortunately, what began as a simple protest against gas taxes has morphed into a far broader series of complaints against the vast economic gulf between the urban rich and the marginalized, largely rural poor. Narrowing that gulf, though, can hardly be the work of a single stroke of the pen. And many of Macron’s more visionary measures, now the core of the protestors’ complaints, were designed to do just that — but in years, rather than days or weeks.

One of those measures included scrapping a wealth tax, which seemed evidence of a Rothschild banker like Macron pandering to his wealthy friends. But Macron designed this measure to attract bankers from London when Britain leaves the European Union, bringing with them high-paying jobs and a broad tax base, which could, nonetheless, take years to bear fruit. The gilets jaunes, however, only see an immediate benefit for those who own and patronize the lavish Paris shops they have been pillaging.

And the protestors’ disdain only grows more visible by the day — on the walls and streets of Paris. In the metro stop at the Place de la Concorde, scrawled in black magic marker on the white tiled walls, are the words: “Macron, breed of dog,” and on the walls of the nearby Hotel Westin across from the Tuileries Gardens, the simple phrase: “Macron, resign.”

Last week, Macron tried some half measures. First, a six-month respite for the gas tax increase. That did not go down well. So, a day later he rescinded the tax entirely. There followed a hellish Saturday with more than 1,000 arrests, tear gas and water cannons across Paris.

Now, France must simply wait — the next big test is coming Saturday when the movement has pledged a fifth week of disruptions. The question is whether Macron will bend to the will of the street or whether he will stay the course, hoping to hang on long enough for his reforms to take hold and raise the French standard of living, as he has promised all along.

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