In an original WSJ documentary, markets reporter Steven Russolillo ventures to Japan and Hong Kong to explore the universe of cryptocurrencies. His mission: create WSJCoin, a virtual token for the newspaper industry. Video: Clément BürgeFacebook’s plan to reinvent money owes much to the runaway success of payments via social media in China, only with a crypto spin. The problem it will bump up against in the U.S. and Europe is that consumers already have decent mobile-payment options using established currencies, regulations and financial plumbing. A few specific cases such as cross-border transfers aside, it also isn’t clear what obstacle Facebook’s cryptocurrency would overcome.
June 19, 2019 11:59 UTC
(CNN) Four people will be charged with murder and causing the crash of Malaysia Airlines Flight 17, five years after the plane was shot down in eastern Ukraine killing 298 people, international investigators said Wednesday. The Joint Investigation Team (JIT) said it would issue national and international arrest warrants Wednesday for the four suspects. Ukraine's Kharchenko had no military background, but is believed to have led a combat unit in Donetsk in July 2014. Debris from Malaysia Airlines Flight 17 sits in a field at the plane crash site in Hrabove, Ukraine. Investigators said they would not ask for the suspects to be extradited because the Russian and Ukrainian constitutions prohibit extraditing nationals.
June 19, 2019 11:20 UTC
As the Fed contemplates rate adjustments, WSJ’s Nick Timiraos takes a look at four factors the Fed considers, and one thing it tries to ignore. Graphic Illustration: Adele MorganU.S. banks are likely to sail through their stress tests this Friday, but the results are still important. The stress-test process put in place after the financial crisis is changing. Under the Trump administration, the Federal Reserve has taken several steps to make it less onerous, such as by exempting many midsize banks and loosening assumptions on how much in buybacks and dividends banks are assumed to keep paying out during a crisis. But Fed regulators also...
June 19, 2019 10:52 UTC
How did the CIA conclude that journalist Jamal Khashoggi was killed on the orders of Saudi Crown Prince Mohammed bin Salman? WSJ’s Warren P. Strobel has an exclusive look at the secretive evidence behind the assessment. Photo: ReutersA top U.N. investigator found “credible evidence” that warrants further investigation of Saudi Crown Prince Mohammed bin Salman’s involvement in the murder of dissident journalist Jamal Khashoggi, heaping more pressure on the kingdom as it deals with the global outrage triggered by the killing. In a report released Wednesday that concluded a monthslong probe into the murder, Agnes Callamard, the United Nations’ special rapporteur on extrajudicial killings, found the government of Saudi Arabia was responsible.
June 19, 2019 10:36 UTC
Harley-Davidson Inc. is partnering with a manufacturer in China to make its smallest bike in decades for that fast-growing market, extending a strategy to build more motorcycles outside the U.S.Harley wants to sell half its bikes abroad by 2027, up from 42% in 2018, as domestic Hog sales to a shrinking base of aging customers continue to decline.
June 19, 2019 10:18 UTC
(CNN) There is "sufficient credible evidence" Saudi Arabia's crown prince bears responsibility for the murder of journalist Jamal Khashoggi , and he should be investigated for it, a United Nations special rapporteur said in the first independent investigation into the death. A prominent writer and Washington Post columnist, Khashoggi died after entering the Saudi consulate in Istanbul in October 2018. While Riyadh initially denied any knowledge of the incident, Saudi officials later claimed that a group of rogue operators, many of whom belong to Saudi crown prince's inner circle, were responsible for the journalist's deathThe Saudi attorney general later acknowledged that Khashoggi was killed in a premeditated murder. The special rapporteur does not make any conclusions on the guilt of the Saudi crown prince and King. Riyadh has maintained that neither bin Salman nor King Salman knew of the operation to target Khashoggi.
June 19, 2019 10:05 UTC
Homeless activists have celebrated much of the plan as the culmination of longtime advocacy by the Los Angeles Community Action Network and other groups that have since joined in the Services Not Sweeps coalition. Many of the ideas reflected in the report, such as providing more trash bags and bathrooms for encampments, had been backed by those groups.
June 19, 2019 10:03 UTC
At a fundraiser Tuesday, he cited his ability to work alongside segregationist senators in recalling a bygone era of civility in American politics. “If we can’t reach a consensus in our system, what happens?” Biden said at the fundraiser, according to a pool report. Biden cited the late senators James O. Eastland (Miss.) "I’ve been around so long, I worked with James Eastland,” Biden said when he was stumping for Jones two years ago. Even with Talmadge — “one of the meanest guys I ever knew” — Biden noted, “At least there was some civility.
June 19, 2019 09:59 UTC
HONG KONG — Aeng Khang understood at an early age that playing any sport, much less one as raucous as rugby, would be nearly impossible for girls from her remote village in Laos. As teenagers, many would be expected to marry and leave school to work on the family farm. Khang took up rugby anyway, as a high school freshman, after the Lao Rugby Federation introduced the game to her home province in the country’s remote northeast. Now she works for the federation and represents her Communist-ruled country by playing in tournaments and exhibition matches around Asia. “And since I play on the national team, I get to travel.”
Source:New York Times
June 19, 2019 09:56 UTC
But there are fires aplenty he'll need to tend to, all of which could impact the economy, which is the centerpiece of his reelection campaign. But the effects of the tariffs he's used to negotiate will only compound, especially if he resorts to new tariffs on Mexico or the EU. This is the dichotomy of Trump's economy, which he simultaneously wants to be the best ever -- but also in dire need of assistance. The uncertainty about what he'll do if the economy slows down may be contributing to some small cracks in American confidence in the economy. As Trump sells his reelection to his followers, he'll point to the strong "Trump economy" and he'll happily take credit for the decade of economic expansion, which will set a record next month.
June 19, 2019 09:56 UTC
She represents the traditional division between the shameless (Republicans) and the spineless (Democrats). She opposes impeachment because it is too “divisive” and she does not believe the public wants it. But if the House had waited for public opinion to be on its side in the 1970s before holding impeachment hearings, President Nixon might not have ultimately resigned.
Southern California, 1992, Joshua Tree-Landers-Big Bear: Earthquakes following the magnitude 6.1 Joshua Tree temblor on April 22 — strong enough to rock high-rise office buildings in downtown Los Angeles more than 100 miles away — kept on migrating to the north. It began “the most substantial earthquake sequence to occur in California in the last 40 years,” according to a study published in 1993 co-written by Hauksson and Jones. The Joshua Tree quake is believed to have triggered on June 28 the magnitude 7.3 Landers earthquake in the Mojave Desert, strong enough to send shaking to Denver; a few hours later, a magnitude 6.3 hit Big Bear.
In the first week after the Star Wars land opened, the wait at all the other park attractions declined to an average of about 14 minutes, down 28% compared with an average of just under 20 minutes in the week before it opened, according to an analysis by the Los Angeles Times based on wait times compiled by the travel site Touring Plans.
He was defending his campaign, his oldest son and probably himself for accepting a June 2016 meeting with a Kremlin-linked attorney at Trump Tower. If he answered correctly that it is illegal to accept such information and that the work of the Russians should have been immediately reported to the FBI, he would have admitted to wrongdoing and illegal activity.
Eventually, she was found by staff at the Florida Department of Children and Families, who determined that she was being sold for sex. It’s hard to be a foster parent, harder still to parent a teenager and harder still to parent someone who has suffered the extreme trauma of being trafficked. While there are no reliable estimates of how many children have been trafficked in the United States — the most conservative estimates hover around 3,000 — it’s the most vulnerable children who are most often targeted. and migrant youth are disproportionately victimized, as are children who are homeless or have spent time in foster care. These children are more likely to have histories of trauma, which makes them more susceptible to manipulation by traffickers.
Source:New York Times
June 19, 2019 09:56 UTC