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There is ‘substantial evidence’ that Rep. Jorge Santos broke the law, House committee finds

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WASHINGTON — The House Ethics Committee released Thursday A much awaited report Its months-long investigation into Rep. George Santos concluded there was “substantial evidence” that the New York Republican “violated federal criminal laws,” including using campaign funds for personal purposes and filing false campaign reports.

The ethics subcommittee investigating Santos found “a complex web of illegal activity involving Representative Santos’ campaign, personal and business finances,” the scathing report said. “Representative Santos attempted to fraudulently exploit every aspect of his House candidacy for his own financial gain.”

“He blatantly stole from his campaign. He tricked donors into thinking they were donations to his campaign, but were actually payments for his personal benefit. He reported fictitious loans to donors and party groups to induce donors. His campaign — and then returned campaign money to himself as purported ‘repayment’ of those fictitious loans. took,” the report continues.

The report contends that Santos “used his connections to high-value donors and other political campaigns.” “He sustained all this through persistent lies to his constituents, donors and staff about his background and experience,” it said.

The ethics committee said it would forward its findings, including “unchargeable” conduct, to the Justice Department. No recommendation to the council.

The DOJ has already charged Santos with multiple federal counts, including identity theft, money laundering and theft of public funds. He is due to stand trial in September and has pleaded not guilty.

Meanwhile, Santos rejected calls for his resignation, saying his political future should be left to New York voters. The ethics committee said Santos was uncooperative with the investigation and gave only limited answers that included “false statements” and “lies.”

Rep. Robert Garcia, D-Calif., said Thursday that he plans to reintroduce a resolution with privilege to expel Santos from Congress when the House returns to Washington on Nov. 28.

Garcia, who introduced a similar resolution earlier this year, said in a statement that the ethics report “makes it clear that the GOP’s decision to wait 9 months is not only irresponsible, but dangerous,” and that Santos has “no place.” In Congress.”

The House is bound to act on Garcia’s resolution because it is privileged. Santos survived another attempt to oust him earlier this month.

Ethics investigators said they decided not to prosecute Santos, saying that doing so could delay their investigation and that Santos’ testimony “would have little probative value based on his admitted garnishment.”

Reps. Dave Joyce, R-Ohio, and Susan Wild, D-Pa. The subcommittee investigating Santos met nine times, authorized 37 subpoenas and 43 voluntary requests and received more than 172,000 pages of documents.

The American business elite gives Xi Jinping a standing ovation

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At a San Francisco hotel on Wednesday evening, Chinese President Xi Jinping delivered a message to American business that received a big reception: China is a big market and a friend.

Tesla’s Elon Musk, Apple’s Tim Cook and Pfizer’s Albert Borla were at the Hyatt Regency to meet the Chinese leader, eager to sell more electric cars, iPhones and pharmaceuticals in the world’s second-largest economy.

After a day spent in long-awaited talks with US President Joe Biden, Xi told an audience of about 300 people: “China is a big economy and a big market . . . modernization for 1.4 billion Chinese is a big opportunity that China offers to the world.”

“The world needs China and the US to work together for a better future,” he added. China is ready to be an ally and a friend of the United States.

Warm feelings were mutual. “If you look at the list of the top 20 American companies in China, they were all there,” said one San Francisco tech titan who attended the event but did not want to be named. On his way to the Hyatt, Bridgewater founder Ray Dalio told the Financial Times he was “excited to have this relationship.” [with Xi]”.

But while Xi has made efforts to express his country’s open welcome to American business, tensions with Washington, a rocky economic recovery from the pandemic and Beijing’s increasingly assertive domestic security system have dampened enthusiasm among American investors for big bets on China. .

Chinese President Xi Jinping meets US business leaders

A series of U.S. companies have begun overhauling their supply chains, fearing that geopolitical tensions could disrupt business. Tech groups like Airbnb and Linkedin have retreated from the country, as have consulting firms like Gallup and Forrester Research. Even Apple, which has long relied on Chinese manufacturing, has started placing orders in countries like India and Vietnam.

Business leaders and analysts said they did not expect Xi’s summit with Biden to completely thaw ties. The two presidents agreed to restart military communications and set up an anti-narcotics task force to deal with the influx of fentanyl into the United States, but they left with unresolved issues, particularly tensions over Taiwan.

Myron Brilliant, former head of international relations at the U.S. Chamber of Commerce, said “times have changed” as Chinese officials turned to the playbook to tap the business community for investment and help manage relations with Washington.

“The bottom line is that American business leaders don’t want to get caught up in a chess game between the Chinese and American governments,” Brilliant said. “CEOs are risk averse[and]The situation between China and the US has increased the risk of doing business in China.

Harsh criticism of China by hawkish US politicians has created a more complicated environment for business leaders. Mike Gallagher, chairman of the House China Committee, said on Tuesday it was “unconscionable” for US officials to pay to attend a dinner with Xi, calling for Beijing’s crackdown on Muslim Uighurs in China’s northwestern Xinjiang region and a list of attendees.

A Chinese-American executive at a technology company linking the two countries told the FT his visit was a “state secret”.

Joe Biden, right, and Xi Jinping
US President Joe Biden, right, and Chinese President Xi Jinping met Wednesday at Filoli Gardens outside San Francisco, California. © Doug Mills/The New York Times/AP

Darren Woods, chairman of ExxonMobil, which is building a multibillion-dollar petrochemical plant in southern China, told reporters Wednesday morning that he would not attend the dinner.

“Chinese and US government relations are deteriorating over time,” Woods said. “Both countries are so important to the global world order that some balance cannot be found, although that balance will change.”

Shi Yinhong, an expert on US-China relations at China’s Renmin University, said the two governments’ preoccupation with national security would set a ceiling on relations. “If economic interests conflict with national security, national security will undoubtedly take priority,” Xi said.

China’s increasingly powerful domestic security apparatus has unnerved many foreign businesses, including raids on US consulting firm Bain & Co and the detention of five local employees at due diligence team Mintz. Beijing has banned US group Micron from using chips in critical infrastructure over cyber security risks.

Michael Hart, president of the American Chamber of Commerce in China, said Beijing’s scrutiny of American businesses sends “mixed messages” and that he hopes Xi’s friendly rhetoric will be tempered by bureaucracy.

Hart added that some U.S. groups are pessimistic about the uncertain trajectory of China’s economy, which has been plagued by a sluggish property sector and weak exports. China has struggled to launch strong growth since lifting pandemic restrictions this year. But he said that for many companies, “China is still an important market and a profitable one.”

Beijing “realizes that the private sector is getting very nervous,” said Emily Gilcrease, a technology expert at the CNAS think tank.

Xi sought to reassure US businesses at the dinner that “those concerns of the private sector will continue despite the rhetoric” unless Beijing eases pressure on US multinationals and stops imposing sanctions on foreign executives.

Xi told business leaders in San Francisco: “The primary question for us is, are we enemies or allies?” If the US and China see each other as rivals, he warned, “misguided policymaking will only lead to wrong actions and unwanted decisions.”

Additional by Nian Liu in Beijing

Video: Has China’s Belt and Road Initiative Succeeded?

Yankees’ Gerrit Cole wins AL Cy Young Award unanimously; Blake Snell of the Padres won the NL award

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TORONTO, CANADA - SEPTEMBER 27: Gerrit Cole #45 of the New York Yankees celebrates a complete game shutout against the Toronto Blue Jays at Rogers Center on September 27, 2023 in Toronto, Canada.  (Photo by Cole Burston/Getty Images)

MLB announced the winners of the American League and National League Cy Young Awards, and the names won’t surprise you. Especially in AL, which is determined by voting.

Gerrit Cole of the New York Yankees won the AL Cy Young Award, and Blake Snell of the San Diego Padres won the NL Cy Young.

Goal was A unanimous winnerWhen Snell took over 30 to 28 votes From the BBWAA voting system, NL finalists Logan Webb of the San Francisco Giants and Jack Galen of the Arizona Diamondbacks received one of the remaining first-place votes.

It’s Cole’s first Cy Young Award, and it’s long overdue. He might have won it in 2019 (he was second behind Justin Verlander), and again in 2021 (he was second behind Robbie Ray, if you can believe it), but almost nothing this time. The game’s highest pitching award is finally his.

It was the Yankees’ first Cy Young winner since Roger Clemens in 2001, and the team’s sixth overall since Clemens, Ron Guidry, Sparky Lyle, Whitey Ford and Bob Turley.

Cole, 33, was one of the lone bright spots on a dismal Yankees team that finished fourth in the AL East, 19 games behind the first-place Baltimore Orioles. He had a 2.63 ERA over 33 starts and 209 innings, as well as a league-leading two complete game shutouts. He is at or near the top in several pitching stat categories for pitchers, including bWAR (7.4, first), WHIP (0.981, first), nine innings pitched (6.8, third), and innings pitched (209, third). , and strikeouts (222, fifth).

The Yankees have been a complete mess this year, but Cole isn’t even close to being a factor.

In the NL, Snell also pitched for a team that failed to live up to expectations. The Padres and their high-priced payroll were expected to compete in the NL West; Instead they finished 18 games behind the Los Angeles Dodgers. Like Cole, Cy Young voters didn’t let the team’s ineffectiveness tarnish Snell’s personal accomplishment.

Snell, now a free agent after declining a qualifying offer from the Padres, led all of MLB in ERA at 2.25 and was the only qualifying starter with an ERA under 2.50. He allowed the fewest average hits per nine innings (5.8), second only to Corbin Burns at 6.6. While Snell only pitched 180 innings over 31 starts and averaged 5.6 innings per start (a stark contrast from a guy like Cole, who averaged 6.3 innings per start), his dominance in a traditional stat like ERA put him atop voters. He may not make it past the fifth or sixth inning, but when he pitches, he takes care of business.

SAN DIEGO, CA - JUNE 4: Blake Snell #4 of the San Diego Padres celebrates in the bottom of the seventh inning against the New York Mets on June 4, 2021 at Petco Park in San Diego, California.  (Photo: Matt Thomas/San Diego Padres/Getty Images)

Blake Snell couldn’t carry the Padres into the playoffs, but he still stood out in a crowded Cy Young field. (Photo: Matt Thomas/San Diego Padres/Getty Images) (Matt Thomas/San Diego Padres via Getty Images)

It was Snell’s second Cy Young Award and his first in the National League. He picked up his first hit in 2018 when he was with the Tampa Bay Rays. He became the seventh pitcher in MLB history to win the Cy Young in both the AL and NL, joining an impressive group of Max Scherzer, Roy Halladay, Roger Clemens, Randy Johnson, Pedro Martinez and Gaylord Perry.

Georgia No. 1 in latest CFP rankings, Washington, Oregon No. 2: Where that leaves the Buckeyes

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Nicole Auerbach, Seth Emerson, Austin Meek and Cameron Teague Robinson

Georgia was ranked No. 1 in the latest College Football Playoff rankings on Tuesday. Here’s what you need to know:

  • No. 2 Ohio State, No. 3 Michigan and No. 4 Florida State round out the top four in the rankings.
  • No. 5 Washington and No. 6 Oregon are the first two teams out of playoff contention.
  • The top four teams are all 10-0, and Michigan and Ohio State square off in a Big Ten showdown on Nov. 25.
CFP Rk group Register previous AP Rk

1

10-0

2

1

2

10-0

1

3

3

10-0

3

2

4

10-0

4

4

5

10-0

5

5

6

9-1

6

6

7

9-1

7

7

8

9-1

8

8

9

8-2

14

11

10

9-1

11

9

11

8-2

12

10

12

8-2

10

12

13

8-2

9

13

14

8-2

17

14

15

7-3

19

15

16

8-2

22

NR

17

7-3

21

19

18

7-3

13

21

19

7-3

20

20

20

8-2

24

22

21

7-3

25

23

22

7-3

18

16

23

7-3

15

24

24

9-1

23

17

25

7-3

16

NR

Evaluating the team’s results

The team made the right call to move Georgia to the No. 1 spot, and now the Dawgs have two of their best wins over any opponent (over Missouri and Ole Miss). The only concern I have about the top six is ​​that Washington falls behind Florida State — despite a strong resume that includes a win over No. 6 Oregon. I’m surprised there hasn’t been a change in the rankings so far this season, especially since this week we see the selection committee adjust to No. 1 for the same reason. — Nicole Auerbach, senior CFB writer

Why Georgia is No. 1

It feels important, as Georgia fans and programs alike have long enjoyed the experience of obsessing over these rankings. First, it’s a nice reward for how Georgia has played lately. More importantly, it sets up the Bulldogs to sustain a loss.

Adequate committee members clearly appreciate what Kirby Smart’s team has done on the field, including a schedule that looks better than it did earlier in the season. If Georgia loses this weekend at Tennessee or in the SEC Championship against Alabama, it will be difficult to fall out of the top four. (A loss at unranked Georgia Tech, meanwhile, would be tough to take.) A lot will depend on what happens elsewhere, but Georgia is in a stronger position now than it was two weeks ago. — Seth Emerson, Georgia Beat writer

Surprising Ohio State dropout?

This is what I expected. After a win over Ole Miss, Georgia deserves to move past Ohio State, but again this ranking doesn’t mean much to the Buckeyes. Ohio State still has one of the best resumes in the nation, but the Nov. 25 matchup in Ann Arbor is going to determine whether it makes the College Football Playoff. Fortunately for Ohio State, it appears to be playing its best football of the season right now, despite being upstaged by Georgia.

Everything lies ahead for Ohio State. Defeat Minnesota on Saturday and then game. Those are the most important things for the Buckeyes right now, as top-ranked Ohio State controls its own destiny. — Cameron Teague Robinson, Ohio State beat writer

Michigan still has a chance at No. 1

The “Michigan doesn’t play anybody” argument ended after the Wolverines beat No. 12 ranked Penn State this week. That 24-15 victory wasn’t enough to move the Wolverines ahead of Ohio State or Georgia, but it put them firmly in the top four. After a long wait for their first test, Michigan got a big matchup, playing a talented Penn State team the day after Jim Harbaugh was suspended. They were undefeated and would be the No. 1 seed if they win their next two games against Maryland and Ohio State. — Austin Meek, Michigan Beat Writer

Required reading

(Photo: Brett Davis/USA Today)

Israeli army enters al-Shifa hospital in Gaza

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Israeli forces entered al-Shifa hospital in Gaza to conduct what the military described as a “precise and targeted operation” against Hamas, hours after the US backed what it said the militant group had stockpiled weapons at medical facilities.

It came after Israeli troops surrounded the besieged Strip’s largest hospital early Wednesday morning, where patients and thousands of people have been sheltering from Israeli bombardment in the coastal area.

Fighting has raged in the streets surrounding the hospital for days between Israeli forces and Hamas militants.

Israel says al-Shifa, which was shut down over the weekend due to fuel shortages, is a significant base for Hamas operations because it sits atop the Islamist group’s underground infrastructure, which the Israeli military intends to destroy.

The Israel Defense Forces said in a statement on social media platform X that its operation in a “specific area” of the hospital was “based on intelligence information and operational necessity.”

Doctors at a hospital in Gaza City have repeatedly denied that it is being used for Hamas’ military operations. A government spokesman in Hamas-controlled Gaza described the Israeli advance into the hospital as a “war crime, a moral crime and a crime against humanity.”

The hospital has about 9,000 people, the spokesman said.

Hours before Israel announced the attack on al-Shifa, John Kirby, a spokesman for the US National Security Council, told reporters that Hamas and Palestinian Islamic Jihad, a small militant group based in Gaza, had “stored weapons” and “prepared” the hospital. in response to Israeli military action against that facility”.

Kirby added that Hamas was using hospitals including Al-Shifa and the tunnels underneath them to hold hostages.

But he said Washington did not support an aerial strike on a hospital and “doesn’t want to shoot at a hospital where innocent people, helpless people, sick people are trying to get the medical care they deserve.”

An annotated satellite photo of Al-Shifa Hospital in Gaza showing the main buildings and population shelter

The desperate situation in Gaza’s hospitals is causing tension between Israel and its Western allies, with the United States, France and other Western countries increasingly pushing Israel to exercise control over operations near medical facilities.

US President Joe Biden warned this week that hospitals “need to be protected”: “My hope and expectation is that there will be a less invasive operation compared to hospitals.”

The IDF said it had repeatedly warned publicly that Hamas’ continued military use of the Shifa hospital jeopardized its protected status under international law.

Mohamed Jagout, director general of hospitals in Gaza, told the Al Jazeera television network that he had spoken with al-Shifa’s staff: “Not a single shot was fired from inside the hospital complex.”

“There was no resistance, it’s normal because it’s a civilian hospital,” Zagout told Al Jazeera, as Israeli forces moved into a basement containing an emergency room and radiology equipment.

All but one of the other hospitals in northern Gaza have ceased operations as Israel’s military has besieged the area as part of its five-week war against Hamas.

Gaza, home to 2.3 million people, has been experiencing a deepening humanitarian crisis since Israel launched a retaliatory attack against Hamas after the Islamist militant group launched a devastating attack on October 7.

About 1,200 people were killed and about 240 hostages were taken in the Hamas attack on southern Israel, Israeli officials said.

According to Palestinian health officials, more than 11,000 Palestinians have been killed by Israeli bombing in Gaza.

Israeli forces launched a ground offensive on the coast last month and encircled Gaza City, Hamas’ main political and military base.

More than 1.5 million people have been forced from their homes in Gaza, and thousands have sought refuge in hospitals, while the health system has collapsed.

The UN’s humanitarian arm said 32 patients – including three premature babies – had died in Al-Shifa since Saturday due to power loss and “deplorable conditions” at the hospital.

Doctors are wrapping babies in cellphones to keep them alive after incubators have stopped working due to a lack of electricity, its director Mohamed Abu Silmayeh warned on Saturday.

The Palestinian Ministry of Health in Gaza said on Tuesday that 170 people were buried in a mass grave in the courtyard of al-Shifa, citing “difficulty in burying them” “due to the siege imposed from all sides”.

The ministry said on Monday that more than 100 bodies had begun decomposing in Al-Shifa and the “smell of corpses” was everywhere.

Federal shutdown news, funded House votes expire Nov. 17

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Senate Majority Leader Chuck Schumer told reporters that the combined national security package — which includes aid to Israel, Ukraine, Taiwan and the border — will be taken up by the chamber after Thanksgiving as senators from both parties negotiate the border policy area.

“Schumer said he wants the president’s four requests to be approved very strongly — Ukraine, Israel, humanitarian and the Indo-Pacific. We’re going to work very hard to narrow that down,” Senate Minority Leader Mitch said. One of the holdups was McConnell and his request to include border security in the package.

“We’re working with Democrats and Republicans to come up with a border security package that has bipartisan support. But we’ve got to get this done, and as we go through Thanksgiving, that’s going to be the highest priority. Get all four done, get all four done. It has the support of the parties in the House. Together,” he said.

Asked about House GOP efforts to break the package into smaller, separate bills, Schumer replied, “All four need bipartisan support, and I’m going to work hard, very hard, to get all four done.”

In a plan to avoid a government shutdown: The majority leader reiterated his support for House Speaker Mike Johnson’s short-term spending bill, despite his reservations about splitting the funding into two installments — calling the two-step idea “stupid.”

“When it comes to funding the government, as I’ve said for a long time, it has to be bipartisan. Right now, that’s the way we’re going. I’m very pleased that Speaker Johnson is moving forward with a CR (continuing resolution) — that’s for Democrats. “Precisely avoids the hard right cuts that would have been a non-starter,” Schumer said.

He added that he disagreed with everything Johnson was proposing, adding, “I can’t imagine that many senators, whether Democratic or Republican, would have taken the Speaker’s approach in crafting this bill. Senate.”

Pressed by CNN on Saturday about the White House’s rejection of the proposal, Schumer said he hoped President Joe Biden would accept the bill if it passed Congress. “I think we all want to avoid a shutdown. I’ve talked to the White House and we both agree that if we can avoid a shutdown, that’s a good thing,” he said.

Schumer said the Senate will take up the spending bill soon. “When it gets here, if the House passes it, which I’m sure they will, Chairman McConnell and I will figure out the best way to get this done quickly. Neither McConnell nor I want a shutdown,” he said, noting they discussed it yesterday.

Lung cancer survival rates have increased, but data show racial disparities

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According to the American Lung Association’s 2023 “State of Lung Cancer” report, lung cancer survival rates have increased over the past five years, but stark disparities remain among black and Latino communities.

The report highlights the need for better messaging about screening for lung cancer, which is still the nation’s leading cause of cancer-related deaths. Illness tells more 120,000 live each yearAccording to the American Cancer Society, In part, it is often diagnosed in later stages when the cancer is harder to treat.

The national survival rate for lung cancer has risen more than 5 percentage points over the past five years, from 21.7 to 26.6 percent, said Zach Jump, the American Lung Association’s national senior director of epidemiology, statistics and research.

Treatments that boost the immune system to attack cancer cells Targeted immunotherapies, experts say has contributed to the overall improvement. Other factors include better access to lung cancer screening, greater awareness of the disease, and a greater willingness of patients to discuss lung cancer with their medical providers.

Stigma surrounding the disease has long been one of the main culprits for late diagnosis, along with historically poor treatment options.

“People thought it was a death sentence, so they kind of refused,” Jump said.

However, the nationwide numbers mask disparities in diagnoses and outcomes at the state and community level. The report shows that Utah has the lowest rate of new lung cancers in the nation, while Kentucky has the highest. Experts believe smoking rates are one of the biggest factors.

How Red State Politics Shatters American Life for Years

Comparing communities of color with white individuals, the data show that black people have a 16 percent lower survival rate, and Latinos are 9 percent less likely to survive. Asians were 14 percent more likely to survive compared to whites, while American Indians and Alaska Natives had similar survival rates to their white counterparts.

Part of the challenge is low screening rates for lung cancer. Unlike many other organs, lung tissue does not have many pain receptors, so the patient cannot feel anything until the disease spreads to the lung lining or beyond. But annual low-dose CT scans can detect the disease in its early stages.

In 2021, the United States Preventive Services Task Force — an independent expert panel that evaluates the effectiveness of preventive health care — lowered the recommended age for starting screening from 55 to 50. The amendment also increased the number of people falling under it. A high risk type of lung cancer. But the report found that only 4.5 percent of high-risk individuals were screened.

Health insurance coverage may be one reason for low screening rates. Medicaid is not required to cover lung cancer screenings, so barriers, including pre-authorization and out-of-pocket fees from insurance providers, may deter people trying to access the test, the Cancer Society reports.

Millions more smokers should be screened for lung cancer, the group says

Cigarette smoking is the number one risk factor for lung cancer, but rates are increasing among non-smokers. Other contributing factors include radon, air pollution and secondhand smoke.

“It’s becoming not just a disease of people of color, but a disease of young women who don’t smoke,” said Janney Reisenauer, MD, an interventional pulmonologist at the Mayo Clinic Comprehensive Cancer Center.

Unlike other cancers, such as breast cancer, public health awareness and messaging about lung cancer is not widespread, Risenauer says.

“Some of the reluctance to do that with lung cancer is that there’s always been this link that it’s a smoker’s disease, so I think some of that public messaging needs to change,” Reisenauer said.

Asian stocks, yen weaker on US inflation data

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People walk past a screen displaying the Hong Kong stock index in the Central District in Hong Kong

People walk past a screen showing the Hang Seng stock index in the Central District in Hong Kong, China on October 25, 2022. REUTERS/Lam Yik/File Photo Get license rights

SINGAPORE, Nov 14 (Reuters) – Asian shares rose on Tuesday ahead of a key U.S. inflation report that could heavily weigh on the Federal Reserve’s policy outlook, while a weaker yen hovered near a 33-year low, putting it back in intervention territory.

MSCI’s broadest index of Asia-Pacific shares outside Japan ( .MIAPJ0000PUS ) was 0.23% higher.

The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. If the battered coin breaks below last year’s low of 151.94, it will mark a fresh 33-year low.

Japanese Finance Minister Shunichi Suzuki said on Tuesday that the government would take all necessary measures to respond to currency swings, repeating his usual mantra that excessive swings are undesirable.

European stocks were also expected to be off the charts, with Eurostax 50 futures down 0.05%, German DAX futures down 0.01% and FTSE futures down 0.15%.

Investors awaited the U.S. inflation report after Federal Reserve Chairman Jerome Powell and other policymakers said they still weren’t sure interest rates were high enough to control inflation.

Economists polled by Reuters expect U.S. consumer price inflation to fall to 3.3% in October from 3.7% in September, the so-called core inflation rate, which lowers to 4.1% without adjusting for dynamic components.

“This data has significant influence on the Federal Reserve’s future policy direction,” said Anderson Alves, a trader at ActiveTrades.

“A misstep, particularly in the less volatile core inflation component, could lead traders to believe the Fed may avoid further hikes. Conversely, a pulse could trigger a significant repricing in the short-term US interest rate curve.”

China stocks were slightly lower, with the blue-chip CSI 300 index (.CSI300) down 0.19%, while Hong Kong’s Hang Seng index (.HSI) rose 0.09%, ahead of a summit between the top leaders of the world’s two largest economies later this week.

The benchmark 10-year Treasury yield was at 4.630%, easing a touch from Monday’s one-week high of 4.696%.

Markets have largely taken Moody’s move to cut its US AAA credit rating outlook to “negative” from “stable” on Friday in their stride. Moody’s decision comes after rival Fitch downgraded the U.S.’s top credit rating in August.

“With a year to go before the presidential election, the government is unlikely to announce significant plans to address these issues, given the unpopularity of promised spending cuts and tax increases,” said Gary Dugan, chief investment officer at Dalma Capital.

The US faces another partial government shutdown starting Saturday if Congress does not pass a stopgap spending bill.

Yen watch resumes

The yen’s broad decline has traders again eyeing whether Japanese authorities will intervene, with US inflation data likely to be the trigger for the next big move.

Japan last intervened in the currency market – selling dollars and buying yen – in October last year. Officials are clear of further such measures since intervention data released last month.

The currency has fallen 14% against the dollar so far this year.

The yen briefly rose against the dollar in New York hours on Monday, hitting a year-to-date low, which analysts attributed to volatility in options trading ahead this week.

Nicholas Chia, a macro strategist at Standard Chartered, said the yen’s swings indicate markets are worried about potential intervention, which helps curb excessive speculation.

“In a way, market participants are doing the work of the Ministry of Finance for them, as markets begin to second-guess price action behind any sudden decline in dollar/yen,” he said.

The dollar index, which measures the U.S. currency against six rivals, rose 0.057% to 105.69. The index fell 1% in November, snapping its three-month winning streak.

Oil prices edged higher after an OPEC report said market fundamentals were strong. U.S. crude was up 0.27% at $78.47 a barrel, while Brent was up 0.25% at $82.73.

Reporting by Ankur Banerjee Editing by Sri Navaratnam and Miral Fahmi

Our Standards: Thomson Reuters Trust Principles.

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Israeli tanks outside Gaza hospital, Biden hopes for ‘less invasive’ operation

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  • Recent Developments:
  • The Hamas armed wing released 70 hostages in exchange for a 5-day ceasefire
  • The Israeli military released video and photos showing a cache of Hamas weapons in the hospital’s basement
  • White House National Security Adviser Jake Sullivan said Washington would like to see significantly longer pauses in the release of hostages — days, not hours.

GAZA/JERUSALEM, Nov 13 (Reuters) – Israeli tanks advanced on Monday toward the gates of Gaza City’s main hospital, a key target in Israel’s war against Hamas, as U.S. President Joe Biden said hospitals must be protected so he hopes there are fewer Israelis infiltrating. action.

Separately, the Palestinian militant group’s armed wing said it was willing to release 70 women and children detained in Gaza in exchange for a five-day ceasefire in the war, which was sparked by Hamas’ October 7 attack in southern Israel.

Gaza Health Ministry spokesman Ashraf al-Qitra, who was inside Al Shifa Hospital, said 32 patients, including three babies born in the past three days, had died due to the hospital siege and lack of electricity in northern Gaza.

At least 650 patients were still inside, desperate to be evacuated to another medical facility. Israel says the hospital sits atop a tunnel that houses the headquarters of Hamas militants who use patients as shields, a claim Hamas denies.

“There are tanks in front of the hospital. We are in full lockdown. This is a completely civilian area. There are only patients, doctors and other civilians in the hospital. Someone has to stop this,” one of the hospital’s surgeons, Dr. Ahmed El Mogallalati, said by phone. “We barely survive.”

In his first comments since the weekend’s events, including the deaths of patients at Shifa Hospital, Biden said hospitals must be protected.

“My hope and expectation is that there will be a less invasive operation compared to the hospitals, and we’re in touch with the Israelis,” Biden told reporters at the White House.

“And there’s an effort to get this moratorium to deal with the release of the prisoners, and that’s being negotiated with the Qataris … in the engagement,” he added. “So I’m somewhat optimistic, but hospitals need to be protected.”

Israel launched its campaign last month to destroy Hamas, the Islamist group that runs the Gaza Strip, which is officially dedicated to Israel’s destruction after Hamas gunmen massacred civilians in southern Israel.

An Israeli count says about 1,200 people were killed in the attack and 240 were taken hostage to Gaza.

Thousands of Gazans have since been killed and two-thirds of the population has been made homeless by Israeli military action. Israel has ordered the evacuation of northern Gaza.

Gaza medical officials say more than 11,000 people have been killed, 40% of them children.

Israel says Hamas hospitals serve as military facilities, and Israel’s military released video and photos on Monday showing the group storing weapons in the basement of Rantisi Hospital, a children’s hospital specializing in cancer treatment.

Hostages for a ceasefire?

Al-Qassam Brigades, Hamas’ armed wing, posted an audio recording on its Telegram channel saying the group was willing to release some hostages in exchange for a five-day ceasefire, an offer Israel is unlikely to accept.

“The enemy has asked for the release of 100 women and children captured in Gaza, but we told the mediators that we can release 50 of them in five days of fighting and the number will reach 70 due to the difficulty of the captives. They are being held by different factions,” said Abu Ubaydah, a spokesman for al-Qassam Brigades in Israel. Specifies the request.

Qatari mediators last week sought the release of some women and children as hostages in exchange for Israel’s release of 200 Palestinian children and 75 women, the spokesman said.

“The ceasefire must include a complete ceasefire and allow aid and humanitarian relief everywhere in the Gaza Strip,” he said.

White House national security adviser Jack Sullivan told reporters that Washington would like to see “significantly longer pauses — days, not hours — behind the release of hostages.”

Another U.S. official, speaking on condition of anonymity, said the release of dozens of hostages could lead to a multi-day standoff, adding that negotiations are very delicate.

Israel, which effectively besieges Gaza, rejected the cease-fire, arguing that Hamas would use it to regroup, but allowed brief humanitarian “pauses” that allowed food and other supplies to flow in and allowed foreigners to flee.

Fighting also took place on Monday at al-Quds, the second largest hospital in northern Gaza, which remains out of action. The Palestinian Red Cross said the hospital was surrounded by heavy gunfire and a convoy sent to evacuate patients and staff was unable to reach it.

Israel said it killed “about 21 terrorists” in al-Quds after militants fired from the hospital entrance. It released footage showing a group of men at the hospital gate, one of whom appeared to be carrying a rocket-propelled grenade launcher.

In a sign of Israel’s advance in Gaza, the country’s Channel 12 television broadcast a photo of soldiers carrying Israeli flags in the Gaza parliament chamber. Israeli Defense Minister Israel Katz X posted on social media a “symbol of the Hamas regime in Gaza” in the hands of Israeli soldiers.

Israel’s military and security services said they had killed several Hamas commanders and officers in the last day, including Mohammed Qamis Tababash, whom they described as Hamas’s former head of military intelligence.

Hamas media reported that an Israeli airstrike on the Jabaliya refugee camp in northern Gaza killed more than 30 people and wounded many others. An Israeli military spokesman said the military was verifying the report about Jabaliya.

In Israel, sirens rang out in the center of the country and in the city of Tel Aviv on Monday night, as Hamas’ armed wing said on its Telegram account that it had fired missiles at Tel Aviv.

There was also renewed concern that the war could spread beyond Gaza, with an uptick in clashes along Israel’s northern border with Lebanon and US airstrikes targeting Iran-linked militants in neighboring Syria.

Hospital in the heart of wars

In Al Shifa, Gaza Health Ministry spokesman Kitra said Israeli snipers and drones were firing into the hospital, leaving doctors and patients unable to move.

Israel has told civilians to evacuate and doctors to send patients elsewhere. It says it tried to evacuate babies from the neo-natal ward and left 300 liters of fuel to power emergency generators at the hospital entrance, but the concessions were blocked by Hamas.

Chitra said Shifa needs 8,000-10,000 liters (2,100-2,600 gallons) of fuel per day from the Red Cross or an international agency.

Reporting by Nidal al-Mughrabi in Gaza, Dan Williams and Reuters Bureau in Jerusalem; Written by Peter Graf, Toby Chopra and Arshad Mohammed; Editing by Nick MacPhee, Christina Fincher and Howard Koller

Our Standards: Thomson Reuters Trust Principles.

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A veteran reporter with nearly 25 years of experience covering the Palestinian-Israeli conflict, including several wars and the signing of the first historic peace agreement between the two sides.

Donald Trump Jr. testifies again in civil fraud trial: Live updates

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debt…Hiroko Masuike/The New York Times

The first trip to the witness stand in the civil fraud case against Donald Trump Jr. lasted less than two hours for his father and others — but the New York attorney general’s office made significant progress by uncovering useful testimony.

The fraud case brought by the New York attorney general’s office hinged on annual financial statements the family business, the Trump Organization, sent to banks and insurance companies to represent the value of its assets.

Donald Trump Jr., a Trump Organization executive, testified this month that he expected Deutsche Bank to rely on the accuracy of the reports. A lawyer for the attorney general’s office indicated it had been alerted by Forbes magazine to the errors in the forms, but told its outside accounting firm, Mazars USA, that there were no false reports.

Questions about Deutsche Bank go to the heart of the case. The New York attorney general must show that the financial statements were “material” — in layman’s terms, that they made a difference — and that the defendants intended to commit fraud.

When a state attorney used versions of the word “intent” or “purpose” in his questions, Mr. Trump was cautious. Asked if he relied on Deutsche Bank financial statements, he did not answer directly, saying bankers do their own due diligence.

Earlier, when asked if he “depends” on banks to take the certification of statements seriously, he said “absolutely”.

He also denied referring to the letter he sent to outside accountants certifying the accuracy of the financial statements as a “cover-your-butt letter.”

Mr. Trump’s testimony was split over two days. After some preliminary biographical questions, he began denying his involvement in the annual financial statements, even though the language in them suggested he was partially responsible.

Asked if he had worked on the 2017 version of the report, Mr. Trump said: “I didn’t. Accountants worked on it. That is what we pay them for.”

When asked if he knew anything about an industry standard, Mr Generally Accepted Accounting Principles, beyond what he learned in college, Mr. Trump said, “No. That’s what I hire CPAs for.”

He added: “These people had incredibly intimate knowledge and I trusted them.”