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Citi Says New Capital Rules Could Hinder Derivatives, Prime Brokerage Services
Citi Says New Capital Rules Could Hinder Derivatives, Prime Brokerage Services
Citigroup Inc. said a slew of new capital requirements that regulators will propose this week could hinder the
2023-07-25 05:45
Biden sues Abbott over his floating border wall hours after he taunted president that he’d ‘see him in court’
Biden sues Abbott over his floating border wall hours after he taunted president that he’d ‘see him in court’
The Department of Justice filed a civil lawsuit against the state of Texas on Monday over Governor Greg Abbott’s decision to install a 1,000-foot floating border barrier in the Rio Grande River near the city of Eagle Pass. “We allege that Texas has flouted federal law by installing a barrier in the Rio Grande without obtaining the required federal authorization,” Associate Attorney General Vanita Gupta said in a statement. “This floating barrier poses threats to navigation and public safety and presents humanitarian concerns,” the official added. “Additionally, the presence of the floating barrier has prompted diplomatic protests by Mexico and risks damaging US foreign policy.” The DoJ accused Texas of violating the Rivers and Harbors Act. The Texas project is also facing a lawsuit in state court over the buoy barrier. Last week, the federal government warned Texas it was considering taking legal action. On Monday, the Texas governor wrote a letter to the White House saying he intends to fight the DoJ’s lawsuit. “Texas will see you in court, Mr President,” the Republican governor wrote, adding, “All of this is happening because you have violated your constitutional obligation to defend the States against invasion through faithful execution of federal laws.” White House spokesperson Abdullah Hasan told The Independent that the governor’s plan isn’t effectively combatting unauthorised immigration. “Governor Abbott’s dangerous and unlawful actions are undermining that effective plan, making it hard for the men and women of Border Patrol to do their jobs of securing the border, and putting migrants and border agents in danger,” he said in a statement. “If Governor Abbott truly wanted to drive toward real solutions, he’d be asking his Republican colleagues in Congress why they voted against President Biden’s request to increase funding for the Department of Homeland Security and why they’re blocking the comprehensive immigration reform and border security measures that would finally fix our broken immigration system.” In mid-July, Texas neared completion of a $1m, 1,000-foot wall of buoys and netting across the Rio Grande, claiming it would deter illegal immigration outside of ports of entry. The effort has proved extremely controversial. In addition to warnings from the federal government, Mexico said it is investigating whether the wall violates international treaties surrounding the border. The governor has also been sued by a local man named Jessie Fuentes, who argues the state has deprived him of his livelihood as a kayak guide and is acting outside of its authority over an international boundary line. “You’ve taken a beautiful waterway and you’ve converted it into a war zone,” Mr Fuentes recently told The Independent. Migrant advocates and even some Texas troopers working on the governor’s Operation Lone Star mission at the border warn that the barriers are increasing unnecessary danger to human life. “It’s been proven time after time that these so-called prevention through deterrence strategies don’t work,” Fernando García of the Border Network for Human Rights told The Independent. “They have not stopped immigration flows, but what they have done is they have put immigrants at risk.” In a series of emails shared with news outlets including The Independent, a border medic described questioning orders from superiors to push exhausted migrants back into the river and to refrain from giving them water if captured. “We were given orders to push the people back into the water to go to Mexico. We decided that this was not the correct thing to do. With the very real potential of exhausted people drowning,” the trooper wrote. The state has denied the orders took place. The DPS source also claimed in the span of one week in late June, a teen mother was trapped in razor wire at the border while having a miscarriage, a 15-year-old broke his leg as he tried to find a way around the deterrence buoys, and a man lacerated his leg while trying to rescue his child from razor wire placed on a buoy. This is a breaking news story and will be updated with new information. Read More Death, debt, and degradation: Trump’s border wall after four years Buoys, razor wire, and a Trump-y wall: How Greg Abbott turned the Rio Grande into an immigration ‘war zone’ Greg Abbott defies White House warning on floating Texas border wall: ‘See you in court, Mr President’ In a showdown Texas' floating border barrier, the governor tells Biden: `See you in court' Greg Abbott defies White House warning on floating floating barriers in Rio Grande Texas is using disaster declarations to install buoys and razor wire on the US-Mexico border
2023-07-25 05:29
In 'Barbie,' 'Oppenheimer' smash success, audiences send message to Hollywood: Give us something new
In 'Barbie,' 'Oppenheimer' smash success, audiences send message to Hollywood: Give us something new
In the massive movie weekend of “Barbie” and “Oppenheimer,” there were many winners
2023-07-25 05:23
Third person charged in firebombing of California Planned Parenthood
Third person charged in firebombing of California Planned Parenthood
The Justice Department announced charges Monday against a third person who allegedly participated in a firebombing attack on a California Planned Parenthood last spring.
2023-07-25 05:19
Toronto Film Festival unveils a starry lineup — and hopes the strike ends by September
Toronto Film Festival unveils a starry lineup — and hopes the strike ends by September
The Toronto International Film Festival unveiled a starry lineup to its 48th edition on Monday, even if remains unclear if stars will be there to walk red carpets due to ongoing writers and actors strikes
2023-07-25 05:15
The Big Peanut once again reigns at the roadside in Georgia, after hurricane felled earlier goober
The Big Peanut once again reigns at the roadside in Georgia, after hurricane felled earlier goober
Georgia’s Big Peanut is back
2023-07-25 05:15
US to spend $1.55 billion for oil and gas sector to cut methane emissions
US to spend $1.55 billion for oil and gas sector to cut methane emissions
The U.S. government will provide up to $1.55 billion in funding to monitor and reduce methane emissions from
2023-07-25 04:59
Biden administration sues Texas governor over Rio Grande buoy barrier that’s meant to stop migrants
Biden administration sues Texas governor over Rio Grande buoy barrier that’s meant to stop migrants
The Justice Department is suing Texas Republican Gov. Greg Abbott over a floating barrier that the state placed on the Rio Grande to stop migrants from entering the U.S. The lawsuit filed Monday asks a court to force Texas to remove a line of bright orange, wrecking ball-sized buoys that the Biden administration says raises humanitarian and environmental concerns
2023-07-25 04:58
Man who beat officer with flagpole during Capitol riot is sentenced to over 4 years in prison
Man who beat officer with flagpole during Capitol riot is sentenced to over 4 years in prison
An Arkansas truck driver who beat a police officer with a flagpole attached to an American flag during the U.S. Capitol riot has been sentenced to more than four years in prison
2023-07-25 04:58
Lawsuits filed by ex-volleyball player and former football player against Northwestern University
Lawsuits filed by ex-volleyball player and former football player against Northwestern University
The hazing scandal at Northwestern University has widened to include a volleyball player who has become the first female athlete to sue the university over allegations she was retaliated against for reporting mistreatment and a new lawsuit by former Northwestern quarterback Lloyd Yates
2023-07-25 04:51
Algeria wildfires: Dozens killed and thousands evacuated
Algeria wildfires: Dozens killed and thousands evacuated
Northern Algeria has been experiencing a record heatwave with temperatures reaching 48C.
2023-07-25 04:28
Nova Scotia floods: Body found of one of four missing
Nova Scotia floods: Body found of one of four missing
Unidentified remains also found as police continue to search for three others missing in Nova Scotia.
2023-07-25 04:23
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