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  • Zimbabwe President's party fires him, gives him deadline to resign

    Posted 2017-11-19 13:52:25 by: George Alston

    Zimbabwe's ruling party has expelled Robert Mugabe as its chief and set a Monday deadline for the leader to end his presidency after nearly four decades of ...

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  • Zimbabwe's ruling party to vote on firing Mugabe

    Posted 2017-11-19 10:30:28 by: George Alston

    Members of the ZANU-PF party, which Mugabe co-founded to usher his country into independence, have turned on their 93-year-old leader after months of infighting over who should succeed him. The party had on Friday called for Mugabe's resignation, the state-run Herald reported. Removing Mugabe as party leader would not automatically dethrone him as Zimbabwe's president, but it would be a sign that the embattled leader has lost his powerful support base. Mugabe's 37-year rule has been on the brink of collapse since the army seized power in the capital, Harare, on Wednesday while military officials tried to strike a deal with the President to resign.Zimbabwe was thrust into political chaos on November 6 when Mugabe fired his powerful vice president, Emmerson Mnangagwa, in an attempt to anoint his wife, Grace Mugabe, as the country's next leader. The ZANU-PF has also called for Grace Mugabe to resign as leader of the party's women's league.Sources have told CNN that a deal would involve Mugabe stepping down to make way for an interim President, while Mnangagwa would likely be installed as the next ZANU-PF leader at a congress in December, paving the way for the presidency in next year's election.But after days of talks with military officials, with a Catholic priest as arbiter, Mugabe has refused to agree to a deal, an official told CNN. State media reports he will on Sunday again meet with military officials, who are growing increasingly impatient with the leader. Zimbabwe's Indigenization Minister Patrick Zhuwao, who is also Mugabe's nephew, said the President "is willing to die for his principles.""He is willing to die to protect the constitution."Mugabe is the world's oldest head of state and once infamously claimed that "only God" could remove him from office. He had planned to contest the 2018 presidential election. Mnangagwa has not been seen since his dismissal, but CNN has learned that he had been instrumental for some time in plans to seize control from ...

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  • Robert Mugabe refuses to quit as Zimbabweans march for his ouster

    Posted 2017-11-18 16:46:40 by: George Alston

    Thousands of Zimbabweans took to the streets of Harare on Saturday to demand the resignation of President Robert Mugabe, in what could spell the political end for the 93-year-old leader who has ruled the country for nearly four ...

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  • Thousands take to the streets to protest Mugabe

    Posted 2017-11-18 15:24:56 by: George Alston

    Thousands of Zimbabweans took to the streets of Harare on November 18 to protest President Robert Mugabe and demand that he step ...

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  • Zimbabweans call for Mugabe's ouster after military intervention

    Posted 2017-11-18 09:29:28 by: George Alston

    The military intervened Wednesday, setting off a chain of events that plunged the nation Mugabe has led for 37 years into political uncertainty.Crowds gathered in Harare for the rally, with some raising fists in celebration and cars flashing their lights in support. Others held signs that read "Thank You, ZDF," a reference to the nation's defense forces behind the military intervention. "This is what we want as Zimbabwe - Mugabe out!" a sign at the rally read. Others wore clothes plastered with Zimbabwean flags while some sang and danced on the streets."The whole nation is celebrating today. We are finally getting rid of the old man," said Tanashe, a Harare resident who declined to provide a second name. Mugabe has refused demands to leave office, prompting senior officials in the ruling party to call for his expulsion from the organization, along with his wife, Grace, who was the women's league secretary, according to state media. As questions remain on who is in charge of the nation, Mugabe emerged from house arrest Friday to attend a university graduation ceremony in the capital, Harare. The veteran leader arrived at Zimbabwe Open University in a blue-and-yellow gown, accompanied by his security detail, in his first public appearance since he was detained in Wednesday's army takeover.Mugabe's appearance was apparently designed to convey a business-as-usual atmosphere. But behind the scenes, Mugabe has pushed back on a deal to replace him with an interim leader, arguing there would be a constitutional crisis if he left before his term expired, according to a government source with direct knowledge of the talks. Frustrated with his resistance, the commander of the defense forces said he had until Friday to change his stance, "or we do it the hard way," a source said.Political chaos The political firestorm was ignited by Mugabe's dismissal of his powerful vice president, Emmerson Mnangagwa, who has strong connections and the support of the military.Under the ...

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  • The Chinese connection to the Zimbabwe 'coup'

    Posted 2017-11-18 04:41:20 by: George Alston

    A visit by Zimbabwean army commander Constantino Chiwenga to China would not normally be seen as unusual, given Beijing's status as Zimbabwe's largest foreign investor and longtime ...

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  • Mugabe said to be resisting change amid calls for peaceful transition

    Posted 2017-11-17 23:39:15 by: George Alston

    "ZANU-PF provincial structures in all the country's 10 provinces met today and called for the resignation of their First Secretary, President Robert Mugabe. They also called for the resignation of women's league Secretary and First Lady Dr Grace Mugabe from the party," State newspaper The Herald reported FridayMugabe emerged from house arrest to attend a university graduation ceremony in the capital, Harare, in a staged public appearance that belied the reality that he is no longer in control of the country he has ruled for 37 years. The veteran leader arrived at Zimbabwe Open University in a blue-and-yellow gown, accompanied by his security detail, in his first public appearance since being detained in Wednesday's army takeover.There was no sign of Mugabe's wife, whom the leader was trying to promote as the next president, triggering the political upheaval.The developments were the latest in an increasingly bizarre set of events that has eschewed the traditional playbook for military takeovers. Mugabe's appearance was apparently designed to convey a business-as-usual atmosphere - the generals pulling the strings in Harare are desperate not to give the impression they are orchestrating an unconstitutional coup.But behind the scenes, efforts to push Mugabe aside appeared to be foundering. Mugabe was reported to be resisting a plan to oust him, and the generals were said to be frustrated by his refusal to go quietly.Latest developmentsMugabe resisting deal: The President has pushed back on a deal to replace him with an interim leader, a source told CNN.Military sets deadline: Frustrated with Mugabe's resistance, the commander of the defense forces said the President had until Friday to change his stance, "or we do it the hard way," a source said.Tillerson weighs in: US Secretary of State Rex Tillerson described the situation as an "opportunity" and called for democratic elections.An anti-Mugabe march: Zimbabwe's military says it supports a peaceful and orderly ...

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  • Mugabe makes first public appearance since military takeover

    Posted 2017-11-17 13:12:45 by: George Alston

    Zimbabwe's President Robert Mugabe has turned up to a university graduation ceremony in the capital, Harare, in his first public appearance since the military staged an apparent coup two days ...

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  • Moody's loves Modi's plans for India

    Posted 2017-11-17 12:28:31 by: George Alston

    The agency has just upgraded India's credit rating for the first time in more than a decade, citing its confidence in policies that have been widely blamed for a sharp slowdown in growth. "The decision to upgrade the ratings is underpinned by Moody's expectation that continued progress on economic and institutional reforms will, over time, enhance India's high growth potential," Moody's said. The upgrade is welcome news for Modi, who has on his watch. The drop - from to - is being blamed on two of his biggest initiatives. Modi 86% of the country's cash in November last year, with the aim of combating tax evasion and promoting digital payments. The ban delivered a sharp shock to India's cash-dependent economy that many from. Then, in July, the government replacedwith a single national sales tax. While largely seen as a positive move, the change further disrupted economic activity as businesses struggled to adapt. Moody's acknowledged that the cash ban and tax reform "have undermined growth over the near term." But the policy changes would ultimately foster "strong and sustainable growth" by making it easier to do business, boosting productivity and stimulating investment, the ratings agency added. The government celebrated the rare upgrade. "It is a major international recognition of major economic and institutional reforms," Finance Minister Arun Jaitley told reporters. But some analysts questioned Moody's timing and reasoning. Rival agencies such as S&P and Fitch have not upgraded India since 2006 and 2004 respectively. Describing the cash ban as a positive factor for the Indian economy "should raise some eyebrows," Shilan Shah, India economist at Capital Economics, wrote in a research note. Shah added that Moody's had ignored doled out by several Indian state governments this year, which could put more pressure on the country's public debt. India will report its latest GDP growth figures on Nov. 30. CNNMoney ...

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  • Tesla reveals semi-truck and new sports car

    Posted 2017-11-17 10:25:06 by: George Alston

    You'll often hear automakers brag of a sports car's zero-to-60 performance but less often for a big-rig truck. On Thursday night, Tesla boasted of ...

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  • Where you pay $900K just to view apartments

    Posted 2017-11-17 10:02:44 by: George Alston

    At one Hong Kong apartment complex, it will cost you close to $1 million to just get your foot in the ...

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  • Mugabe resisting change in Zimbabwe as neighbors urge peaceful transition

    Posted 2017-11-17 05:20:18 by: George Alston

    As talks progress slowly towards a transitional government, , who has ruled the country since its independence in 1980, is still - nominally, at least - head of state. He appeared in photographs Thursday, a day after the military took control of key government institutions, in talks with army leader Commander General Constantino Chiwenga.It was the first time the 93-year-old leader had been seen since he was placed under house arrest Wednesday morning.Political maneuvering by the couple to position Grace as Mugabe's heir apparent is at the heart of the political tumult in the southern African country. Last week Mugabe dismissed Vice President Emmerson Mnangagwa, a former ally, prompting Mnangagwa's military allies to act. Latest developmentsTalks underway: No outcome has yet been announced of talks between Mugabe and military leaders after Wednesday's apparent coup.No sign of Mnangagwa: The powerful former vice president has strong support within the military but has not been seen since the military takeover.Allies turn: The powerful War Veterans' Association, longtime Mugabe allies, is planning to hold a rally Saturday in support of Mnangagwa.Opposition: Mugabe has 'lost all power'The opposition Movement for Democratic Change (MDC-T) will also be looking to seize the opportunity the political upheaval has presented. The party's leader, , returned to Harare after Wednesday's events. He had spent time abroad for cancer treatment.Tsvangirai, who served as prime minister under a power-sharing deal with Mugabe after a disputed election in 2008 until 2013, called on Mugabe to resign Thursday, but was cautious in public about his future role."I think it would appear that he's lost all power," Tsvangirai told CNN. "The military said it's not a coup. Not a military takeover. What I can say is that it's unconstitutional. (However) you want to describe it, it's unconstitutional because you can't force a change of government by any means other than through the ballot box." ...

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  • Who inspires you the most?

    Posted 2017-11-16 21:12:08 by: George Alston

    Their missions vary greatly: To provide loving homes for orphaned children, feed those in crisis or mend war's psychological ...

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  • Childhood cancer doesn't always mean isolation

    Posted 2017-11-16 20:01:46 by: George Alston

    Leslie Morissette's son, Graham, was 6 years old when he was diagnosed with ...

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  • This $1 trillion pension fund wants out of oil

    Posted 2017-11-16 16:15:30 by: George Alston

    The fund's managers recommended Thursday that oil and gas investments worth roughly $37 billion be sold in order to protect the country against a permanent drop in energy prices. "This advice is based exclusively on financial arguments and analyses of the government's total oil and gas exposure," said fund manager Egil Matsen. Matsen said the decision does not reflect a particular view on energy prices or the sustainability of the sector. It's a dramatic shift for a fund that still sources much of its capital from oil revenue. Norway is a major oil producer, and it has plowed its energy earnings into the fund in order to fund pensions and other government expenses. The fund is among the world's biggest investors in stocks, owning $667 billion worth of shares in over 9,000 companies globally. It owns on average 1.3% of all listed companies worldwide. Oil and gas stocks account for around 6% of its benchmark index. Its biggest holdings include stakes in Royal Dutch Shell (), Exxon Mobil (), and BP (). Government finances in Norway have been hit hard by the drop in oil prices in recent years. In 2016, the government tapped the fund for the first time ever in order to plug a hole in its budget. The pension fund's managers said they remain worried about the impact of falling oil prices on overall government revenue. Norway, for example, owns two thirds of state oil company Statoil. "The government's wealth can be made less vulnerable to a permanent drop in oil prices if the [pension fund] is not invested in oil and gas stocks," the fund's managers said. The proposal to sell oil and gas stocks must be approved by the government. CNNMoney ...

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  • Source says Mugabe's exit is 'a done deal'

    Posted 2017-11-16 13:27:50 by: George Alston

    The decades-long grip on power of Zimbabwe's President Robert Mugabe appeared to be over on Thursday as his main opposition rival returned to the country amid efforts to form a transitional ...

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  • Analysis: The 'tyrant' who could be Zimbabwe's next president

    Posted 2017-11-16 12:55:08 by: George Alston

    The elevation of Emmerson Mnangagwa to the presidency of Zimbabwe would amount to an act of political survival matched only by the man he'd replace, Robert ...

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  • Zimbabwe in political limbo

    Posted 2017-11-16 10:41:58 by: George Alston

    Longtime leader Robert Mugabe's regime may be crumbling after Zimbabwe's military leaders seized control of the impoverished southern African nation. CNN's David McKenzie ...

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  • Chicago cop gives kids back their childhood

    Posted 2017-11-15 22:43:02 by: George Alston

    Jennifer Maddox is no stranger to the violence in the city of ...

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  • Matt Drudge jabs Bannon over Roy Moore

    Posted 2017-11-15 22:22:10 by: George Alston

    In a tweet, Drudge linked to a that said Bannon recently had second thoughts about supporting Moore. "A lesson on leaving politics to the professionals," Drudge wrote. On the Drudge Report, the highly-trafficked website that Drudge operates, the banner headline read, "BANNON TURNS ON JUDGE WHORE?" A person with knowledge of the situation confirmed to CNN that, in the face of the growing scandal surrounding Moore, Bannon had asked confidants about whether he should continue supporting the embattled candidate. But Bannon ultimately decided to continue backing Moore, the person said. The split between Drudge and Bannon is emblematic of a larger trend in right-wing media. Since that Moore had pursued teenagers as a man in his 30s, media personalities on the right have been torn on how to respond. Breitbart has been unapologetic in its coverage, deploying staffers to Alabama who have sought to discredit the Post's reporting. Many others have also sought to cast doubt on the allegations. But the Drudge Report and more traditional conservative news websites have been far more critical. Bannon did not respond to a request for comment, but staffers at Breitbart, where Bannon is now executive chairman, were seemingly taken aback by Drudge's jab. "Wow," wrote Breitbart White House correspondent Charlie Spiering, linking to Drudge's tweet in an internal Slack message obtained by CNN. "Is that accurate?" "FACTUALLY INACCURATE," replied Matthew Boyle, Breitbart's Washington editor. "FAKE NEWS. MATT DRUDGE IS PEDDLING FAKE NEWS." Amanda House, Breitbart's deputy politics editor, wrote in Slack that it would be Breitbart Editor-in-Chief Alexander Marlow's decision 'on how we want to cover/if we want to cover." "This is fake news," Boyle replied. "Not true. Bannon is not turning on judge moore. Bullshit." Raheem Kassam, Breitbart London editor-in-chief, responded to Drudge in what he later told CNN was a "tongue in cheek" tweet, writing, ...

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  • Saudi Arabia wants its own Amazon or Google

    Posted 2017-11-15 17:45:12 by: George Alston

    Saudi Arabia is making it easier for foreign entrepreneurs to launch startups in the ...

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  • Zimbabwe political crisis: What's happening?

    Posted 2017-11-15 16:09:10 by: George Alston

    It has all the markings of a coup: a solemn soldier addressing the nation on state television in a beret and fatigues, armored vehicles in the capital and jittery, puzzled ...

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  • Zimbabwe army seizes power from President

    Posted 2017-11-15 15:37:15 by: George Alston

    A man wearing full Zimbabwean military uniform interrupted taped programming on state television broadcaster ZBC early Wednesday to deny the military was taking over the ...

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  • Military denies coup but is still in charge. President is under house arrest.

    Posted 2017-11-15 14:45:10 by: George Alston

    Zimbabwe's 93-year-old President, Robert Mugabe, is under house arrest, and the military is running the country, although it denies there has been a coup. CNN's David Mckenzie ...

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  • President Robert Mugabe: What you need to know

    Posted 2017-11-15 12:22:28 by: George Alston

    Robert Mugabe, the president of Zimbabwe and Africa's longest serving leader, is in the throes of a political battle to remain in power. CNN looks at what you need to know about ...

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  • How North Korea is hacking companies and governments

    Posted 2017-11-15 12:19:19 by: George Alston

    The U.S. government has revealed new details about two viruses it says North Korea is using to attack companies and ...

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  • Airbnb to limit home rentals in its biggest city

    Posted 2017-11-14 19:59:55 by: George Alston

    Airbnb will limit home rentals in Paris after making similar moves in London and ...

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  • GE is broken. Fixing it will be long and difficult

    Posted 2017-11-14 17:25:23 by: George Alston

    GE's () fall from grace has forced the iconic company to take drastic steps just to stop the bleeding. This week, GE and launched plans to sell off the century-old railroad business as well as at least 12 other units. But just as it took years to , there's a growing realization inside and outside the company's Boston headquarters that fixing it will be long and difficult. GE stock nosedived 7% on Monday, its worst day since April 2009, after new CEO John Flannery detailed his turnaround vision. The downward spiral continued on Tuesday as GE shed another 6%, touching its lowest level since December 2011. Flannery warned that 2018 will be difficult, dubbing it a "reset year for us." That's not exactly music to the ears of GE's long-suffering shareholders, especially when the rest of the stock market is booming. GE shares closed at a five-and-a-half year low on Monday. GE faces a "tough slog ahead," Cowen & Co. analyst Gautam Khanna wrote in a research report on Monday. Scott Davis, head analyst at Melius Research, said it's still "early days" for Flannery to "fix the GE mess he was handed." While Davis has "high hopes," he wrote in a report that GE is facing a "debacle" and it's "hard to have much confidence yet." GE is not just one of America's most storied companies. It's one of the country's biggest employers, with nearly 300,000 workers, and one of its Facing a serious cash crunch, GE has cut its dividend to save about $4 billion a year. It also plans to , including the transportation division that makes trains and railroad parts. GE is even getting rid of the that long symbolized the innovative company. And it's thinking about relinquishing a majority stake in Baker Hughes (), which was formed when it combined with GE's oil-and-gas assets. Flannery has said these sales are necessary to simplify GE and refocus the company on core areas: aviation, healthcare and power. "Complexity has hurt us," the new GE CEO said. Yet even ...

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  • How to shop without harming people or the planet

    Posted 2017-11-14 11:21:28 by: George Alston

    Want to shop with a clear conscience this holiday season and not sure how to do ...

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  • Venezuela defaults, moving deeper into crisis

    Posted 2017-11-14 05:19:13 by: George Alston

    Venezuela, a nation spiraling into a humanitarian crisis, has missed a debt payment. It could soon face grim ...

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  • RT America registers as a foreign agent

    Posted 2017-11-14 00:13:10 by: George Alston

    T&R Productions LLC formally registered on November 10 as an agent of ANO TV-Novosti, described in the forms as a non-governmental organization "under Russian Federation law," which has principal "responsibility for creating a TV network that will be competitive with other TV networks operating around the world." The DOJ identified ANO TV-Novosti as the "Russian government entity responsible for the worldwide broadcasts of the RT Network" In its announcement, the DOJ said T&R Productions LLC "has operated studios for RT, hired and paid all U.S.-based RT employees, and produced English-language programming for RT, which is both shown on cable networks across the United States and available on RT's website." The DOJ announced the registration and published the forms on Monday. The National Security Division's FARA Registration Unit is reviewing T&R's filings for sufficiency, the DOJ said. "Americans have a right to know who is acting in the United States to influence the U.S. government or public on behalf of foreign principals," Acting Assistant Attorney General for National Security Dana J. Boente said in a statement on Monday. "The Department of Justice is committed to enforcing FARA and expects compliance with the law by all entities engaged in specified activities on behalf of any foreign principal, regardless of its nationality." The filing comes after weeks of public pronouncements and increasing tension between Russia and the U.S. over media outlets in the two countries. RT said after initially skipping its October deadline to register under FARA, they were forced to file or their employees could face imprisonment and have their assets seized. While this is technically true under the law, harsh enforcements under Foreign Agents Registration Act are rare, experts say. The DOJ's registration request has prompted Russian officials to retaliate by threatening to enforce harsher restrictions against American news organizations ...

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  • Bitcoin surges $900 in 14 hours. What's going on?

    Posted 2017-11-13 16:51:41 by: George Alston

    The digital currency gained as much as $920 on Monday, before losing some ground to trade near ...

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  • GM unveils fastest Corvette ever

    Posted 2017-11-13 15:06:12 by: George Alston

    The new 755 horsepower Chevrolet Corvette ZR1 will have a top speed of 210 miles an ...

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