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Former President Barack Obama said Wednesday there are no practical benefits to a bill Republicans are considering to replace the Affordable Care Act.Speaking in New York, Obama said the bill would increase costs and strip coverage from vulnerable Americans."When I see people trying to undo that hard-won progress, for the 50th or 60th time, with bills that will raise costs, reduce coverage and roll back protections for older Americans and people with pre-existing conditions ... it is aggravating," Obama said during an event sponsored by the Bill and Melinda Gates Foundation. 589

Former President Barack Obama responded to a call from President Donald Trump to indict him. In a podcast released Wednesday evening hosted by former Obama administration official Tommy Vietor, Obama called the claim “absurd.” “The allegations are so absurd that even Republican controlled committees looking into it have dismissed them,” Obama said. “And, you know. Attorney General Barr has dismissed them.” “Unless Bill Barr indicts these people for crimes, the greatest political crime in the history of our country, then we’re going to get little satisfaction unless I win and we’ll just have to go, because I won’t forget it,” Trump said during a Fox News interview last week.On Tuesday, the Department of Justice dropped an investigation after finding no wrongdoing involving the unmasking of classified documents during the Obama administration. Unmasking is a process for government officials to request to learn the identity of people involved in intelligence probes. Obama said Republicans should be doing more to protect government institutions.“I’m disappointed that Republicans who know better have not checked him on this,” Obama said. “And I think on a very important question after the election, even if it goes well with Joe Biden, is whether you start seeing the Republican Party restore some sense of ‘here are norms that we can’t breach’ because he’s breached all of them and they have not said to him, ‘this is too far.’” 1451

First lady Melania Trump's plane was forced to return to Joint Base Andrews Wednesday after a "mechanical issue" that led to smoke in the cabin.According to the press pool traveling with Trump, about 10 minutes after the plane took off, reporters could see a thin haze of smoke and the smell of something burning. The plane landed safely.Reporters were brought wet towels and told to hold them over their faces if the smell became too strong. 450

Friday brought another round of dramatic price cuts in the oil patch.US oil prices plummeted 7% and sank deeper into a bear market that has alarmed investors and made drivers around the world happy.The latest wave of selling knocked crude below a barrel for the first time since October 2017.Anxiety about oversupply and diminished demand have sent crude down by a third since it soared to a four-year high above a barrel in early October. Observers have gone from fearing 0 oil to expressing concern over why its price collapsed so quickly."The unrelenting six-week selloff has been unnerving to say the least," Michael Haigh, head of commodities research at Societe Generale, wrote to clients on Wednesday.Oil bulls are hoping OPEC and Russia come to the rescue by announcing steep production cuts at a meeting next month in Vienna. However, President Donald Trump is pressuring Saudi Arabia and OPEC not to reduce output despite the crash in prices. Traders are worried Trump's recent praise for Saudi Arabia signals the Saudis won't back a significant production cut.For the week, US oil prices are down nearly 10%.Lukman Otunuga, research analyst at FXTM, described the weekly selloff as "brutally bearish."Brent crude, the global benchmark, shed 5.5% on Friday and declined to a new 2018 low of a barrel.The meltdown was triggered by a series of developments that darkened the energy outlook. Prices soared over the summer as Trump vowed to zero out Iran's oil exports. That led Saudi Arabia, Russia and especially the United States to ramp up production. However, the Trump administration later took a softer approach on Iran sanctions to keep oil from spiking. Officials granted temporary waivers to China, India and other buyers of Iran's crude. That headfake left the oil market staring at a potential glut.At the same time, global growth fears emerged in financial markets. Economists are marking down their GDP forecasts for 2019. Germany and Japan, the world's No. 3 and 4 economies, are already in contraction. China is slowing, too. None of that is bullish for oil, which powers the world economy."Rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets," Otunuga wrote to clients on Friday.The rapid collapse in oil prices caught many off guard, including hedge funds that made outsized bullish bets on crude earlier this year. Large commodity funds have accumulated losses in excess of .7 billion so far this quarter, Societe Generale estimates."Sentiment on commodity markets has been despondent," Haigh wrote.The energy slump came at just the right time for consumers though. Millions of Thanksgiving travelers were greeted by cheaper prices at the pump. The average gallon of gallon fetched .58 on Friday, down sharply from .84 a month ago, according to AAA. 2880

For generations, in Lincoln, Nebraska, the community has thrived on the return of the University of Nebraska’s legendary football team each fall.“Nebraska football, not just for Lincoln, but for Nebraska is a huge thing,” said Joey Rupp, who owns a store that sells all things Huskers.But if 2020 has proven anything, it’s that few things are promised.“When this first all started in March, we really saw a decline. We’ve seen a decline each month,” Rupp said.Rupp manages Best of Big Red, which is located in Lincoln’s Haymarket district, an area within walking distance of Nebraska’s Memorial Stadium filled with bars, shops, and restaurants.Rupp typically has a lot riding on college football season.A Nebraska home game can draw around 150,000 people to town.“Football season probably generates about 75 percent revenue for the year,” Rupp said.2020 has been different.Coronavirus cut the Nebraska Cornhuskers' home games from the typical seven to four. Crowd restrictions mean the team will play in a mostly empty stadium.Nebraska fans have sold out their 85,000-seat stadium for every home game since 1962.“We’re not a heavy tourist destination but relying on college football is our biggest tourist draw for the entire year,” explained Todd Ogden, the president and CEO of the Downtown Lincoln Association.A pandemic and postponed football season put a lot of pressure on Ogden.“A lot of our businesses completely rely on those seven Saturdays to survive,” Ogden said.He’s leading an effort called City of Red. The campaign pushes for Husker faithful to still support places that depend on football dollars. That includes bars and restaurants.Bar owner Matt Taylor says his bar has been playing old, classic Nebraska games on TV since real Cornhusker games won’t start until Oct. 24.“Normally, I think it’s the best place to watch a game including the stadium,” Taylor said of his bar Tavern on the Square.Taylor loves owning his bar, but love is a tough word for the bar business in 2020."I usually love my job, but this year has not been very fun,” Taylor said.He says while it's good there will be a football season, it's unclear what the financials will look like.“It definitely helps but it won’t be a normal game day. Obviously, with decrease capacity in the stadium, I think less people will travel,” Taylor said.It could be easy to see red as a color of anger this year, but in the fall, especially in Lincoln, red has a more optimistic meaning."This has been a strange time, because it feels like we’re more divided than ever,” Taylor said. “I think if we can center around a team and all cheer for a single goal, I think it brings people together.” 2673