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North Korea Warns That Nuclear War Could Break Out Any Moment

North Korea warned that a nuclear war “may break out any moment” as the U.S. and South Korea began one of the largest joint naval drills off both the east and west coasts of the peninsula. Kim In Ryong, North Korea’s deputy ambassador to the United Nations, said on Monday that his nation had become a “full-fledged nuclear power which possesses the delivery means of various ranges” and warned that “the entire U.S. mainland is within our firing range.” He also called North Korea “a responsible nuclear state.” “As long…

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Airbus to Buy Majority Stake in Bombardier C Series Jet Program

Bombardier Inc.’s C Series jetliner program, breathing new life into a slow-selling plane and opening a new front in the battle with United Technologies Corp. After the transaction, which is expected to be completed in the second half of next year, the Canadian planemaker will own about 31 percent of the C Series partnership. The province of Quebec, which invested $1 billion in the C Series after the cost overruns and delays, will hold approximately 19 percent. A Canadian government official said the deal is expected to be approved after…

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Yellen Calls Inflation the ‘Biggest Surprise’ in the Economy

Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low.  “My best guess is that these soft readings will not persist, and with the ongoing strengthening of labor markets, I expect inflation to move higher next year,” Yellen said Sunday at the Group of Thirty’s Annual International Banking Seminar in Washington. Yellen’s term expires in February and…

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North Korean Hack of U.S. War Plans Shows Off Cyber Skills

The techno soldiers of Kim Jong Un are growing more aggressive in defending North Korea’s supreme leader against threats from The Interview.” If Kim’s cyber warriors have indeed stolen the top-secret intelligence, it raises alarms about the security of U.S.-South Korea information and the effectiveness of potential military options. “The plan is fundamental to conducting a war operation and leakage of even a small part of it is very critical,” Rhee Cheol-hee, the ruling party lawmaker, said in a telephone interview. “How could we fight against an enemy and win a…

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Why the U.S. and Turkey Are Suddenly in a Major Standoff

Relations between the U.S. and Turkey, allies since the aftermath of World War II, have soured in the 15 months since an Fethullah Gulen, whom the U.S. has so far refused to extradite. Further increasing tensions, the U.S. and Turkey are at odds over the war in Syria. This backdrop may help explain why the arrest of a U.S. consular employee in Turkey, on charges of involvement in the coup attempt, blew up so quickly into a major diplomatic rift, with the two nations suspending visa services for each other’s…

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Trump Hands Democrats an Opportunity on Immigration

President Donald Trump’s renewed demands for a border wall and dramatic changes to immigration laws in exchange for deportation protections for young undocumented immigrants may help Democrats by keeping the issue alive in the 2018 election year. Polls show voters side with Democrats on shielding the immigrants, known as Dreamers. By adopting a hard line, Trump is setting the stage for a prolonged fight in Congress that could help Democrats gain seats in the House and Senate. The White House on Sunday demanded “complete construction” of a U.S.-Mexico border wall…

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Private-Jet Glut Spurs Insane Bargains for Aspiring Buyers

Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes. Most major manufacturers, including Gulfstream and Bombardier Inc. — which is also contending with rising hurdles in its commercial-jet business — have slowed production in the last couple years as demand for private jets sagged. That still hasn’t been enough to halt declines in aircraft values, say consultants, brokers and analysts in the $18 billion industry. Gone is the optimism stoked by the election of President Donald Trump, a…

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No U.S. Bailout for Puerto Rican Debt, Trumps Budget Chief Says

President Donald Trump’s budget chief said not to take literally the president’s suggestion that Puerto Rico’s debt would be “wiped out,” even as the territory’s bonds plunged to a record low on Wednesday: 32 cents on the dollar. "I think what you heard the president say is that Puerto Rico is going to have to figure out a way to solve its debt problem,” Mick Mulvaney, director of the White House budget office, said in an interview Wednesday. Puerto Rico, ravaged by Hurricane Maria on Sept. 20, is dealing with…

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Trump Says Puerto Rico Has Thrown the Budget Out of Whack

President Donald Trump took measure of the widespread damage in Puerto Rico almost two weeks after Hurricane Maria, expressing concern about its impact on the federal budget as his administration finalizes a $29 billion disaster aid request covering a series of major storms. Trump paid a four-and-a-half-hour visit to the island Tuesday, greeting local officials and offering consolation to residents who have been without power and, in many cases, drinking water since the storm struck on Sept. 20. Some in Puerto Rico’s government already are estimating reconstruction costs will be…

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Tillerson Says U.S. Talking With North Korea on Nuke Program

The U.S. is communicating with North Korea about its nuclear program and testing Pyongyang’s appetite for negotiations, Secretary of State Rex Tillerson said in the first public acknowledgment by a senior administration official of direct contact on the matter. A State Department spokeswoman later tamped down prospects for a breakthrough in the tense relations between Washington and Pyongyang. Tillerson, speaking to reporters on Saturday after meeting Chinese officials in Beijing, insisted that the U.S. would never accept a nuclear-armed North Korea. His remarks offered the clearest glimpse so far into U.S….

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Bossert Defends Trumps Wait to Waive Jones Act for Puerto Rico

President Why Puerto Rico Pushed Trump to Waive This Law: QuickTake Q&A “Finally, the White House is beginning to wake up, taking temporary action on the Jones Act and upping the military presence," Illinois Representative Luis Gutiérrez, a Democrat, said in a statement. "But it took a while and more is needed right now.” There is dispute about the importance of waiving the Jones Act. The top Republican and Democrat on the House Transportation Maritime subcommittee said they’re against it. "The concerns about the situation in Puerto Rico are real. But…

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Mountains of Aid Are Languishing on the Docks in Puerto Rico

Thousands of cargo containers bearing millions of emergency meals and other relief supplies have been piling up on San Juan’s docks since Saturday. The mountains of materiel may not reach storm survivors for days. Distributors for big-box companies and smaller retailers are unloading 4,000 20-foot containers full of necessities like food, water and soap this week at a dock in Puerto Rico’s capital operated by waiver of the Jones Act on Thursday, the facilities have become choke points in the effort to aid survivors of Hurricane Maria. Photographer: Alex Wroblewski/Bloomberg “There are…

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Ban Kneeling Pro Athletes, Trump Repeats After Curry Slam

President Donald Trump, a one-time football team owner, is ratcheting up his rhetoric against professional sports and some of their stars — and at least one league and some athletes are giving it back to him. Hours after profanely criticizing NFL players who protest police brutality by kneeling during the national anthem, Trump took to Twitter on Saturday to disinvite National Basketball Association star Stephen Curry from a White House appearance traditional for championship sports teams. His winning team, the Golden State Warriors, said it won’t visit Trump. US President Donald…

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