Anonymous ID: d29b13 Oct. 25, 2018, 9:03 a.m. No.3599916   🗄️.is 🔗kun

#UPDATE: Croatian tycoon Ivica Todoric, who founded the Balkans' biggest employer Agrokor, loses his bid to appeal against extradition from Britain to face fraud allegations back home

 

LONDON, Oct 25 ― Croatian tycoon Ivica Todoric, the founder of food and retail giant Agrokor, today lost his court appeal against extradition from Britain to Croatia where he is wanted for fraud.

 

"This application is refused," judge Duncan Ouseley said.

 

–– ADVERTISEMENT ––

 

Todoric was arrested in November last year on a European arrest warrant for allegedly falsifying accounts to hide huge debts at his company, the biggest employer in the Balkans.

 

Todoric, who was in court wearing a dark suit, white shirt and tie, said in a statement he was "disappointed" by the ruling.

 

"Since leaving Croatia I have dedicated myself to revealing the truth about the shadowy, unaccountable, mafia-style group that stole Agrokor from me and more than 15,000 ordinary shareholders while risking the livelihoods of our 60,000 employees," he said.

 

Todoric accused "senior leaders of the Croatian government" of being behind this takeover, adding: "I will not be intimidated by the politically and financially motivated attacks against me".

 

"There is not a shred of evidence I ever took money out of Agrokor, a business I built from scratch," he added.

 

Agrokor was saved from bankruptcy earlier this year after creditors backed a multi-billion euro debt deal.

 

Agrokor was weighed down by debts of 58 billion kunas (US$8.9 billion).

 

The issue has posed a serious challenge to the government of conservative prime Minister Andrej Plenkovic.

 

Deputy prime minister Martina Dalic, who played a key role in Agrokor's restructuring, was forced to resign in May amid allegations of conflict of interest. ― AFP

 

https://www.malaymail.com/s/1686699/croatian-tycoon-loses-appeal-against-extradition-from-uk-says-court

Anonymous ID: d29b13 Oct. 25, 2018, 9:11 a.m. No.3599988   🗄️.is 🔗kun   >>0013 >>0037 >>0528

VIDEO: A suspicious package addressed to Robert De Niro is intercepted, investigators say they were similar to crude pope bombs sent to former President Barack Obama, Hillary Clinton and CNN.

 

https://youtu.be/iIIROXceQVY

 

https://twitter.com/AP/status/1055489433213038592

Anonymous ID: d29b13 Oct. 25, 2018, 9:16 a.m. No.3600063   🗄️.is 🔗kun   >>0067

The Cannon House Office Building in D.C. has been evacuated due to an audible alarm; not clear at this time why the alarm went off - WUSA

 

https://twitter.com/Breaking911/status/1055492057714909184

Anonymous ID: d29b13 Oct. 25, 2018, 9:18 a.m. No.3600094   🗄️.is 🔗kun   >>0317

Fed's new Vice Chair Clarida backs more rate hikes in first major policy speech

 

Federal Reserve Vice Chairman Richard Clarida, in his first major policy speech since being seated at the central bank, said more interest rate increases are likely warranted as the economy continues to gather strength.

 

In assessing current conditions, Clarida said growth broadly and with the job market in particular has surprised him.

 

"Based on my reading of the accumulating evidence, I believe that trend growth in the economy may well be faster and the structural rate of unemployment lower than I would have thought several years ago," he said during a speech in Washington, D.C.

 

While his remarks were a bit more tempered than those of his colleagues earlier this week, Clarida said he sees "further gradual adjustment" in the Fed's benchmark funds rate as likely.

 

"I believe monetary policy today remains accommodative, and that, with the economy now operating at or close to mandate-consistent levels for inflation and unemployment, the risks that monetary policy must balance are now more symmetric and less skewed to the downside," he said.

 

The remarks come as the Fed finds itself at the center of attention in both the financial markets and the political arena.

 

President Donald Trump has repeatedly criticized the central bank's moves to raise rates. In an interview earlier this week with the Wall Street Journal, the president repeated that monetary policy is the biggest threat to the economy, and wondered aloud whether he made the right choice in appointing Jerome Powell as Fed chairman.

 

Clarida also is a Trump appointee and was confirmed last month by the Senate.

 

In his speech, Clarida cited research, similar to that used by Powell, that shows the danger of waiting too long to raise rates. Specifically, he talked about the "neutral" rate of interest that is neither stimulative nor acommodative, and said history has shown that staying below neutral risks letting inflation run too hot.

 

He conceded, though, that inflationary pressures seem low now, even with a tightening labor market and rising wages.

 

The economy, he added, likely has room to grow. Rising savings rates suggest that consumers have more buying power, while tax cuts have provided an incentive for business investment.

 

https://www.cnbc.com/2018/10/25/feds-new-vice-chair-clarida-backs-rate-hikes-in-first-major-speech.html