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Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment Bank
Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment Bank
Credit Suisse Group AG may be due for a “massive downsizing” of its investment banking businesses after its
2023-06-17 18:54
Mark Carney Blames Brexit for UK Inflation, Telegraph Says
Mark Carney Blames Brexit for UK Inflation, Telegraph Says
Brexit is partly to blame for stubbornly high inflation levels seen in the UK, former Bank of England
2023-06-17 17:19
Goldman Says Markets Too Optimistic on Pace of US Inflation Drop
Goldman Says Markets Too Optimistic on Pace of US Inflation Drop
Inflation in the US won’t come down as quickly as markets are currently pricing, according to strategists at
2023-06-17 16:27
Ukraine Recap: African Delegation to Meet Putin After Kyiv Visit
Ukraine Recap: African Delegation to Meet Putin After Kyiv Visit
Russia and Ukraine are vying for support from Africa, which along with the rest of the developing world
2023-06-17 16:17
Biden says US is at ‘tipping point’ on gun control: ‘We will ban assault weapons in this country’
Biden says US is at ‘tipping point’ on gun control: ‘We will ban assault weapons in this country’
Despite the lack of sufficient support in Congress to pass a new assault weapons ban, President Joe Biden on Friday said the US has “reached a tipping point” in the fight to strengthen America’s gun laws, due to the activism of the gun violence prevention movement that has gathered increasing strength in recent years. Mr Biden, who was delivering remarks at the National Safer Communities Summit in Hartford, Connecticut, at the invitation of Senator Chris Murphy and a coalition of gun safety groups including Everytown, Moms Demand Action and Giffords, recounted some of the more than 20 executive actions his administration has taken to stem the tide of mass shootings since he took office. He said those politicians who claim to be concerned about crime should realise that crime can’t be tackled without dealing with gun violence. “It’s a simple proposition,” he said. The president also lamented how since 2020, firearms have been the leading cause of death for children in the United States — more than automobile accidents or cancer. He recalled how the assault weapons ban he wrote into the 1994 crime bill enacted under then-president Bill Clinton cut mass shootings “significantly” only to see their number triple when Mr Clinton’s successor, George W Bush, allowed the ban to expire with the aid of a Republican Congress, allowing military-style rifles and high-capacity magazines to “come back into vogue”. Mr Biden also called for a repeal of the Protection of Lawful Commerce in Arms Act, which immunises gun manufacturers from lawsuits filed by gun violence victims, and for the enactment of universal background checks before anyone can purchase high-powered rifles, many of which are modelled off of those issued to American soldiers, as well as safe storage requirements for such weapons. “The United States of America has the finest fighting force in the history of the world [and] provides … service members with the most lethal weapons on Earth. We also require them to receive significant training before they’re allowed to use them. We require extensive background checks and mental health assessment that before they can … use them [and] require them to lock them up or store the weapon responsibly,” he said. “Every gun owner should be required to have the same requirements held to him or her,” he added. The president also hailed governors who have taken action to strengthen state gun laws, including Connecticut’s Ned Lamont, who recently signed more than 12 separate bills to strengthen his state’s firearm regulations, and praised state governments in Illinois and Washington for passing assault weapon and ghost gun bans, as well as the 21 states that have enacted so-called “red flag” laws to allow courts to temporarily disarm people who are determined to pose a risk to the community by a judge. Though chances of a federal assault weapons ban making it to his desk are slim to none given the composition of Congress, Mr Biden promised the gun safety advocates that he will “never stop fighting”. “We will ban assault weapons in this country … we will hold gun makers liable, we will beat the gun industry,” he said. Read More Fox News producer behind chyron calling Biden a ‘wannabe dictator’ parts ways with network Biden snaps back as reporter asks him about ‘big guy’ controversy Biden, looking to shore up Hispanic support, faces pressure to get 2024 outreach details right
2023-06-17 15:27
Cooking Pizza in Italy Is Costlier as Olive Oil Price Jumps
Cooking Pizza in Italy Is Costlier as Olive Oil Price Jumps
The cost of making a classic Pizza Margherita rose more than twice as fast as overall inflation in
2023-06-17 14:22
Britain Faces Recession and Flood of Job Losses if Rates Hit 6%
Britain Faces Recession and Flood of Job Losses if Rates Hit 6%
Economists are warning that the UK economy faces a sharp recession and a flood of job losses if
2023-06-17 13:54
How quickly can you solve a Rubik's Cube? A 21-year-old set a new world record that will stun you
How quickly can you solve a Rubik's Cube? A 21-year-old set a new world record that will stun you
Are your fingers this fast? In just 3.13 seconds, a 21-year-old speedcuber from California broke the world record for the fastest time of solving a 3x3x3 rotating puzzle cube, according to Guinness World Records.
2023-06-17 13:21
Sojitz Cancels Hokkaido Wind Project on Costs, Local Objections
Sojitz Cancels Hokkaido Wind Project on Costs, Local Objections
Japanese trading company Sojitz Corp. canceled its plan to build a wind power plant in Hokkaido, amid soaring
2023-06-17 13:20
Huawei Protests EU Guideline That Aims to Phase It Out as Vendor
Huawei Protests EU Guideline That Aims to Phase It Out as Vendor
Huawei Technologies Co. Ltd. said the European Commission’s call to recommend excluding its advanced wireless equipment in the
2023-06-17 11:57
World Bank green lights $500 million loan to boost Costa Rica's budget
World Bank green lights $500 million loan to boost Costa Rica's budget
SAN JOSE The World Bank approved a new $500 million loan to Costa Rica aimed at strengthening support
2023-06-17 10:57
Father shoots dead three young sons and wounds mother at Ohio home, police say
Father shoots dead three young sons and wounds mother at Ohio home, police say
An Ohio father allegedly shot dead his three young sons in the garden of the family home and wounded their mother. Chad Doerman, 32, was arrested in Clermont County and charged with murdering the three boys aged 7, 4, and 3, in the shocking incident, according to officials. The alarm was raised on Thursday afternoon when a female called 911 and screamed that “her babies had been shot,” reported ABC News. A second 911 call was then received several minutes later from a passerby who said that a young female had been running down the street screaming that “her father was killing everyone.” Clermont County Sheriff’s Office deputies responded to the home in Monroe Township, which is located 26 miles southeast of Cincinnati, where they found the suspect sitting on a step outside. He was taken into custody without incident. The sheriff’s office says that deputies then found “three unresponsive gunshot victims in the yard of the residence” and first responders immediately began life-saving measures. “All life-saving measures were unsuccessful and all three gunshot victims succumbed to their injuries while on scene,” they said. “A fourth gunshot victim, later identified as an adult female age 34, was also located outside of the residence. The female sustained what appeared to be a single gunshot wound to her hand [and was] non-life threatening.” Mr Doerman was interviewed by detectives and charged with three counts of aggravated murder. He was taken to the Clermont County Jail where he is currently being held without bond. David Gast, the chief prosecutor in Clermont County, spoke during an arraignment hearing on Friday. “The trauma that this man has inflicted on his family, community, law enforcement, first responders, and all the rest of us is unspeakable,” he said. “There has been a full admission in this case, the case is still new, we’re still discovering facts. But the evil horror of what we know is impossible to process. “In an act of incomprehensible cruelty, the father that stands before you lined up his three young boys and executed them in his own home with a rifle. In an act of desperation, the mother at some point grabbed the gun the father was wielding to attempt to protect them.” Read More DoJ releases scathing report of systemic abuse by Minneapolis Police after investigation prompted by George Floyd murder Synagogue shooter found guilty in deadliest attack on Jewish community in US history Clown performer’s 15-year-old son shot dead as he entertained children’s party
2023-06-17 06:56
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