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Brexit warning to Brussels: Divorce could BRING DOWN the EU, analysts say

Financial firms in both the EU and Britain need clear reassurances from politicians to avoid potentially damaging instability, the Association for Financial Markets in Europe warned today. In a new report on “cliff edge risks”, it says agreements are necessary in five key areas: data transfers, continuity of contracts, legal jurisdiction, markets access, and recognition of bank resolution actions. AFME reports it has focused on “issues which we believe require intervention from policymakers and/or regulators and are not easily resolved by banks’ own plans or industry solutions”. These are risks…

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End of the EU? Austria SUES European Commission in Hungary nuclear power station row

Vienna is furious with the ruling and saying it did not view nuclear energy as the way to combat climate change or as being in the common European interest. Austria, which shares a border with Hungary, prides itself on supporting clean energy and does not have any nuclear plants of its own. It launched a similar legal action against the European Commission in 2015 over its backing of British plans for the £16bn development of the Hinkley Point nuclear power plant. A spokesman for Austrian Sustainability Minister Elisabeth Koestinger said:…

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Top Stories World 

Feds to retry Sen. Menendez on corruption charges

WASHINGTON — The Justice Department notified a federal judge Friday that it will again put Sen. Robert Menendez of New Jersey on trial, after a jury deadlocked and ended an earlier prosecution in a mistrial. “The conduct alleged in the indictment is serious and warrants retrial before a jury of citizens in the District of New Jersey,” the Justice Department said. “An early retrial date is in the best interests of the public,” government lawyers told the judge. A spokesman for Menendez said prosecutors evidently “did not hear the overwhelming…

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Battle over legal marijuana: a monumental moment for states’ rights

West Hollywood is painted with rainbow flags. Known as “The Creative City,” this counterculture hub is set in rolling hills, thrumming with thrift stores, vegetarian restaurants, and, since Jan. 1, four dispensaries selling recreational cannabis. The most populous state in the union, with 39 million people, started allowing legal recreational pot sales three days before the Justice Department threatened to step up enforcement of federal prohibition.  As people waiting in a line outside West Hollywood’s MedMen brush off a rainstorm, Iain McDonald, an actor and Lyft driver from Australia, says he’s puzzled…

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My guns or my ganja? Firearm-owning pot fans face a choice

HARRISBURG, Pa. — The federal government says grass and guns don’t mix, and that is putting gun owners who use marijuana — and the strongly pro-gun-rights administration of President Donald Trump — in a potentially uncomfortable position. As gun-loving Pennsylvania becomes the latest state to operate a medical marijuana program, with the first dispensary on track to begin sales next month, authorities are warning patients that federal law bars marijuana users from having guns or ammunition. “They’re going to have to make a choice,” said John T. Adams, president of…

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Science 

Nearly 1,400 babies injected with jab linked to test animal DEATHS by Oxford academics

GETTY African babies were given a new TB vaccine even though five out of six primates involved in a trial African babies were given a new TB vaccine even though five out of six primates involved in a trial died. The investigation revealed last night by the British Medical Journal prompted calls for tightening of rules governing the way animal research is reported. Jonathan Kimmelman of McGill University in Canada said the Oxford case was not an isolated one, he added: “It’s widely recognised that animal studies intended to support…

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Science 

The Kushner Family's Company Is Being Investigated Over Use of a Controversial Visa Program

The Kushner Family’s Company Is Being Investigated Over Use of a Controversial Visa Program More U.S. regulators and prosecutors have requested information from the real estate development business run by Jared Kushner’s family over a program that allows wealthy foreigners to obtain visas for investing in American projects, said two people with direct knowledge of the matter. The Securities and Exchange Commission and prosecutors for New York’s Eastern District issued subpoenas to Kushner Cos. in May seeking details about its use of what’s known as the EB-5 program, according to…

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For legal marijuana to survive Trump, Congress must legalize it

Get the Think newsletter. SUBSCRIBE In a not-at-all shocking move, Attorney General Jeff Sessions on Thursday rescinded the Cole Memo, a list of Department of Justice enforcement priorities that has been the tenuous legal foundation for the burgeoning cannabis industry since August of 2013. News outlets, nonprofits, and blogs went crazy, cannabis stocks plunged and investors ran for the hills. What happened was simply a restoration of prosecutorial discretion to individual U.S. Attorneys to make enforcement decisions within their own districts. So what does this really mean, and what might…

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Technology 

China wants debt-ridden LeEco founder home but he’s saying no – CNET

China wants Jia Yueting home to settle his debts, but he won’t listen. VCG China’s deadline for the founder of embattled LeEco to return home has passed, but Jia Yueting is still nowhere in sight — at least, not in the country. Jia won’t be returning to China because he has to stay in the US to oversee and drive “many tasks” relating to the development of the FF91, but he has requested for his brother to meet the regulators last Friday, he said in a statement posted on Chinese…

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Technology 

Chinese court acts against founder of ambitious LeEco – CNET

Things were looking up for LeEco in October 2016 when it made its US debut. James Martin/CNET The dream continues to crumble for Jia Yueting. Jia is the founder of Beijing-based LeEco, an upstart that not so long ago presented itself as a bold mashup of tech giants from Apple to Tesla. But over the past year, things have take turns for the worse.  In April, LeEco had to back down from its plans to acquire TV maker Vizio for $2 billion and reportedly had stalled payments to US employees.…

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