NewsFuse: February 2020

Trump allies hope to ride anti-socialist rhetoric to election win

Conservative activists are enthusiastically taking up Republican President Donald Trump's re-election rallying cry that his Democratic adversaries are pursuing a radical socialist ideology that will ruin the United States. Conservative students, right-wing media personalities and pro-Trump fundraisers and fans have gathered just outside Washington this week for the annual Conservative Political Action Conference (CPAC) that appears to have crystallized Republican messaging for the election. Its theme was "America vs. Socialism," taking aim at the candidates competing for the Democratic Party's nomination to challenge Trump in the Nov. 3 election, especially Senator Bernie Sanders, the current front-runner and a self-described democratic socialist.

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Man whose son was found encased in cement sentenced to 72 years in prison

A Colorado man whose seven-year-old son was repeatedly abused before being found encased in concrete in a Denver storage unit has been sentenced to 72 years in prison for the death.Leland Pankey received the sentence on Friday, with one count of child abuse landing him 48 years in prison and 24 years for tampering with the body.

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'I guess I wasn't arrested': Joe Biden reverses on claim of an arrest in South Africa

Joe Biden has previously told of being arrested in South Africa while traveling with black lawmakers. He reversed himself Friday in a CNN interview.

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Trump Team Testing ‘Off-the-Shelf’ Drugs to Cure Coronavirus

(Bloomberg) -- The Trump administration is testing existing “off-the-shelf” drugs to combat the coronavirus, a cabinet official said Saturday.A national lab in Tennessee recently made “an important discovery” involving existing drugs, Energy Secretary Dan Brouillette said at the Conservative Political Action Conference in Maryland.“The scientists at our Oak Ridge National Laboratory were able to look at the protein strains and determine -- perhaps, it’s still early -- that we can find some off-the-shelf drugs that can help us not only cure the disease but stop the spread of the infection,” Brouillette said.Brouillette was responding to a question about what his agency is doing to help combat the virus, which has caused markets to plunge and killed nearly 3,000 people across the globe. In the U.S., where 22 cases have been reported, the virus has killed one person -- a woman from Washington state -- and more cases are likely, President Donald Trump said Saturday.In addition to the laboratory tests, Brouillette said he’s harnessing the power of his agency’s “super computers” as well as artificial intelligence capabilities to assist organizations like the Centers for Disease Control and the World Heath Organization to conduct modeling on the virus.“We want to know how far is this going to spread and at what point might it peak,” he said.To contact the reporter on this story: Ari Natter in Washington at anatter5@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Matthew G. Miller, Virginia Van NattaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Turkey raises migrant pressure on Europe over Syria conflict

Turkey's President Recep Tayyip Erdogan on Saturday threatened to let thousands of refugees cross into Europe and warned Damascus would "pay a price" after dozens of Turkish troops were killed inside Syria. Around 13,000 migrants have gathered along the Turkish-Greek border, the International Organization for Migration (IOM) said as several thousand migrants were in skirmishes with Greek police firing tear gas across the frontier. The escalating tensions between Turkey and Russia, who back opposing forces in the Syria conflict, after an air strike killed the Turkish troops sparked fears of a broader war and a new migration crisis for Europe.

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South Koreans told to stay home as coronavirus infections surpass 3,100

South Korea urged citizens on Saturday to stay indoors as it warned of a "critical moment" in its battle on the coronavirus after recording the biggest daily jump in infections, as 813 new cases took the tally to 3,150. South Korea is grappling with the largest outbreak of the virus outside China, as a new death took the toll to 17, amid a record daily increase in infections since the country confirmed its first patient on Jan. 20. It was a "critical moment" in reining in the spread of the virus, he said, adding, "Please stay at home and refrain from going outside and minimize contact with other people."

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Stock markets are headed for a 40 percent plunge, says economist who predicted financial crisis

The end of a very rough week for U.S. markets brought a worrying prediction.While one expert warned fallout from the global coronavirus outbreak could be "worse than the financial crisis" of 2008, the economist who correctly predicted that very crisis is now saying the idea of a major global recession "doesn't sound too farfetched."Nouriel Roubini, a New York University business professor and market prognosticator who foretold the housing bubble burst, told Yahoo Finance on Friday to expect "severe" consequences as the coronavirus continues to rattle markets. How severe? He told Der Spiegel it could be worse than investors even believe at this point, predicting "global equities to tank by 30 to 40 percent this year."He said people "prefer to believe in miracles," (not necessarily referencing President Trump's prediction the coronavirus will "disappear ... like a miracle,") and don't realize the "simple math" tells us that realistically, a squeezed Chinese economy will mean downturns around the globe. "This crisis will spill over and result in a disaster," said Roubini.Roubini, who is often nicknamed Dr. Doom for his frequent pessimistic predictions, also saw doom and gloom for Trump's future as president as a result of any economic strife. Asked by Der Spiegel, Roubini said Trump would likely try to benefit politically from the outbreak, but "will lose the election, that's for sure." Pointing to past incumbent presidents getting ousted amid geopolitical tensions that damaged the economy, he said "The Democratic field is poor, but Trump is dead. Quote me on that!"Though the week just saw a 3,500-point drop for the Dow Jones Industrial Average, Roubini warned: "It is far from being over." Read more at Der Spiegel.More stories from theweek.com Trump mocks Bloomberg's height, Biden's age in wild CPAC speech The growing viral threat A coronavirus recession would likely end Trump's presidency

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Pete Buttigieg is Not Optimistic About South Carolina. But He's Pushing On.

Saturday’s contest in South Carolina is not anticipated to be a good day for Pete Buttigieg

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Barclays bankers acquitted over fraud charges in Qatar deal

Three former Barclays bankers were cleared Friday of fraud over a 4 billion-pound ($5.2 billion) investment deal with Qatar at the height of the global financial crisis in 2008. The three men — Roger Jenkins, Thomas Kalaris and Richard Boath — were acquitted after a five-month trial at London's Old Bailey. The case was brought by Britain's Serious Fraud Office, which had accused the three men of hiding the true nature of the fundraising plan with Qatar from authorities and other shareholders.

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Tom Steyer: Billionaire Democrat dances to ‘Back That Azz Up’ on stage with rapper in embarrassing rally stunt

Presidential hopeful and billionaire hedge fund manager Tom Steyer, 62, found an eye-catching way to end his final rally before the South Carolina primary -- twerking on stage with the rapper Juvenile.In an enthusiastic display of dad-dancing, the former hedge fund manager worked up a sweat dancing to Back That Azz Up.