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Rep. Chris Collins Suspends Re-election Campaign After Insider Trading Charges

Congressman Chris Collins this morning announced he would suspend his campaign for re-election. Collins, a Republican representing New York's 27th District in the House, was indicted on insider trading charges earlier this week. In a statement posted to Twitter, Collins said that Democrats "would like nothing more than to elect an 'Impeach Trump' Democrat" in the 27th District,” and that "it is in the best interests of...

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Court Overturns Rule Allowing Anonymous Political Donations to Nonprofits

A U.S. District Court on Friday rejected election regulations that allowed even very large donors to politically active nonprofit groups to remain anonymous. Citizens for Responsibility and Ethics in Washington (CREW), the group which brought the suit, described the ruling as "a major game changer" in an era when political spending by non-campaign groups has become not only unchecked, but increasingly opaque. As reported by...

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Kushners Reach Deal to Exit Controversial Manhattan High-Rise

The family of Jared Kushner, President Donald Trump's son-in-law and elusive White House adviser, has closed a long-term lease on 666 Fifth Avenue, a Manhattan retail-and-office high-rise. The deal will include a large upfront rent payment, allowing the Kushners to escape a debt load that had been an existential threat to their real estate business - and, which, after the 2016 election, invited serious scrutiny from Trump critics. The...

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AT&T Is Sending Collection Agents After Its Own Retirees

AT&T has taken the rare step of hiring collection agencies to pursue money it says it is owed by its own retired former employees. AT&T claims the retirees mistakenly received excess pension benefit payments, but some say they don't have the ability to return the funds. As reported by the Wall Street Journal, pension overpayments, some dating back decades, have been identified by Fidelity, the company's current pension...

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Democratic National Committee Warns Campaigns Not to Use ZTE or Huawei Phones

The Democratic National Committee has sent a warning to campaigns not to use phones or other devices from Chinese manufacturers ZTE and Huawei, "even if the price is low or free." The warning echoes broad concerns that the two companies' ties to the Chinese government make their devices a security risk, as the U.S. heads into midterm elections that are likely to be a major target of international espionage. CNN reports that...

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BMW Will Raise Chinese Prices of American-Made Vehicles to Offset New Tariffs

In the latest sign of the complex fallout from Donald Trump's trade war, BMW says it will raise the price in China of two SUVs manufactured in South Carolina, potentially dampening demand for the vehicles. Reuters reports that the price increases will impact the X5 and X6 SUV models, and will be between 4 and 7%. That's less than the recent 25% increase in Chinese tariffs on imported U.S.-made cars, meaning the tariffs will cut into...

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New York, in Unprecedented Move, Votes to Kick Spectrum Cable Out of the State

The New York State Public Service Commission has moved to kick Charter Communications' Spectrum cable and internet service out of the state, citing Charter's "repeated failures to serve New Yorkers and honor its commitments". The commission voted Friday to rescind approval of Charter's merger with Time Warner Cable, which would effectively end its ability to do business in the state. The commission approved the Charter-Time...

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6-Year-Old Girl Separated From Family Was Allegedly Sexually Abused at Immigration Detention Center

A young girl separated from her family by the Trump administration's immigration policy has been sexually abused twice by an older child in a government-funded facility, according to a new report. The Nation was informed of the abuse by immigrant-rights activists and the girl's parents. The magazine also obtained detention center documents appearing to show that the girl was told to stay away from her abuser after the first...

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Coca-Cola Raising Prices, With Trump Tariffs Partly to Blame

Coca-Cola on Wednesday announced that it would raise prices on carbonated drinks, and CEO James Quincey has placed part of the blame on President Donald Trump's trade war. During an earnings call that reported better-than-expected second quarter results, Quincey blamed "broad-based" cost increases for an impending price hike. The impact of Coca-Cola's wholesale price increases on retail soda prices will vary by retailer, a...

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U.S. Ranchers and Meat Packers Could Be the Next Victims of the Trump Trade War

Motorcycles, beer, washing machines, and whiskey--U.S. producers in all of those categories have faced unintended consequences from the Trump trade war. Now add another all-American mainstay: meat. According to a new report by the Wall Street Journal, more than 2.5 billion pounds of U.S. beef, pork, and poultry are currently in cold storage, waiting for buyers. One analyst told the Journal that those stockpiles, combined with modest...

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Papa John’s Board Considers ‘Poison Pill’ to Block Takeover by Disgraced Founder

The board of pizza chain Papa John's is considering a measure to block founder John Schnatter from regaining control of the company. As reported by the Wall Street Journal, the board may vote Sunday on a shareholder rights plan, or so-called "poison pill" provision. Though such provisions vary in details, they are fundamentally designed to prevent hostile takeovers through stock dilution. Schnatter, according to the Journal,...

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Elon Musk Calls Diver in Thai Soccer Team Rescue a Pedophile

Tesla CEO Elon Musk on Twitter this morning accused British diver Vern Unsworth of being a pedophile, after Unsworth criticized Musk's proposal to use a small submarine to rescue a trapped soccer team in Thailand. Unsworth was instrumental in the rescue of the boy's soccer team, but lambasted Musk's submarine plan in an interview published by CNN Friday. Among other comments, Unsworth said the submarine "wouldn't have made the...

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Amazon Sold Books, Backpacks, and Toys Promoting Hate to Kids, Report Shows

A new report finds that Amazon sells or has sold a wide variety of products representing or promoting white supremacist ideology, including a number of items aimed at children. The report further alleges that Amazon has "a history of responding slowly - or not at all - to public pressure" to remove or block hateful products. The report, published this month by the Partnership for Working Families and the Action Center on Race...