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Trump scraps plan to sell off federal electricity assets

“The federal utilities, called “power marketing administrations,” include Bonneville Power, Southeastern Power Administration, Southwestern Power Administration, and the Western Area Power Administration” writes Joshua Roberts Bloomberg for washingtonexaminer.com. “It was the right move for the Administration to abandon its plan to sell off Bonneville Power Administration’s assets,” tweeted Rep.But the industry is scrambling to verify and gather the details on the administration’s plan not to move forward with the plan. The federal utilities control and operate the transmission lines that deliver electricity to rural areas and are credited with keeping…

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Trump welcomes NFL decision on national anthem protests

“The NFL Players Association said it was not consulted on the new policy and may issue a challenge should it violate the collective bargaining agreement” writes Midwest Communications Inc for 95kqds.com. WASHINGTON (Reuters) – U.S. President Donald Trump welcomed the National Football League’s decision to fine teams if players on the field refuse to stand for the national anthem, saying if they don’t want to stand maybe they should not be in the country. Source: 95kqds.com Share This:

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EU competition chief Vestager to announce antitrust decision on Thursday

“BRUSSELS (Reuters) – European Commissioner for Competition Margrethe Vestager will hold a news conference on Thursday to announce an antitrust decision, which is expected to be on Gazprom The European Commission said in a statement that Vestager would hold a news conference, indicating it was likely to be at around 1200 CET (1000 GMT), on an antitrust decision, without specifying the subject” writes Midwest Communications Inc for 95kqds.com. Reuters was the first to report on April 3 about the deal between the EU competition enforcer and Gazprom, which supplies about…

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Republicans Call for New Special Counsel on Russia Probe Misconduct

“Meadows said none of the lawmakers party to the resolution have been pressured by Trump personally to call for the second special counsel” writes Ap Photo J for washingtonexaminer.com. Attorney General Jeff Sessions has also assigned U.S. Attorney John Huber from Utah to investigate allegations of misconduct, a decision he made earlier this year when declining lawmakers calls for a second special counsel. Source: washingtonexaminer.com Share This:

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Boost for Comcast in Murdoch battle as Matt Hancock signals no probe of Sky bid

“Mr Hancock has power to trigger an investigation of the effect a combination of Comcast and Sky would have on media plurality” writes Deputy Business Editor for telegraph.co.uk. Mr Hancock has until June 13 to consider whether to block the Fox bid on advice from the Competition and Markets Authority (CMA).The preliminary decision means the £22bn bid could be approved at around the same time as Mr Hancock is due to make a decision of Fox’s plans. Source: telegraph.co.uk Share This:

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China considers scrapping birth limits by 2019: Bloomberg

“The one-child policy also contributed to a sharp gender imbalance, with 32.66 million more males than females at the end of 2017” writes Midwest Communications Inc for 95kqds.com. China implemented its one-child policy in the 1970s to limit population growth, but authorities are concerned that a dwindling workforce will not be able to support an increasingly aging population.A decision could be made in the last quarter of this year or in 2019, the report said. Source: 95kqds.com Share This:

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Egypt opens Gaza border crossing for Ramadan…

“The Egyptian president, Abdel Fatah al-Sisi, has made a rare decision to open the Rafah crossing with Gaza for a month, allowing Palestinians to cross during the holy period of Ramadan” writes Agence France-presse for theguardian.com. The decision was taken “to alleviate the suffering” of residents in the Palestinian enclave, Sisi said on Facebook on Thursday. Source: theguardian.com Share This:

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News Regulators 

Fed is ‘one decision away’ from hammering Treasurys, says bond fund manager

“Investors in U.S. government bonds could face serious pain if the Federal Reserve tries to steepen the so-called yield curve” writes Sunny Oh for marketwatch.com. Holman acknowledges investors may be still tempted to invest in Treasurys amid the growing late-cycle concerns reflected in the flatter yield curve.Atlanta Fed President Raphael Bostic even went so far as to say on Wednesday that it was his “job” to avoid a yield curve inversion.Strategists at bond fund manager Pimco also say U.S. government bonds remain a port of call when economic growth does…

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