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The roaring American economy will probably sink into a recession before President Trump stands for re-election in 2020.At least that's the view of Ray Dalio, the billionaire investor who predicted the 2008 financial crisis."The probability of a recession prior to the next presidential election would be relatively high, 70% or something like that," Dalio said on Wednesday evening during an appearance at the Harvard Kennedy School's Institute of Politics.  471

The San Luis Obispo County (California) Sheriff's Office confirms one of its deputies was shot early Wednesday morning in Paso Robles, California.At a Wednesday afternoon press conference, Sheriff Ian Parkinson described the incident as an “unprovoked attack on law enforcement” by a suspect “laying in ambush” at the police department in Paso Robles.According to officials, the situation began with shots fired at the Paso Robles Police Department building.San Luis Obispo County Sheriff's Office spokesperson Tony Cipolla says shots were fired at the Paso Robles Police Department building at about 3:15 a.m.The deputy was airlifted to a trauma center and is reportedly in serious but stable condition.Paso Robles police called for help from other agencies as they responded to the shooter outside, and Parkinson says the gunman shot at police cars as they entered the downtown area to assist.Officials released photos (pictured above) of a possible suspect wanted in connection with Wednesday's shooting. 1015

The University of Michigan Interfraternity Council, which is student led, has suspended fraternity events because the community has not been living up to a "high standard," according to a statement from the IFC.The council notes that all social activities and new member programs are suspended while they work to make sure the programs "are in alignment with our policies and values." "We are taking time to focus on the health and safety of our members and our community, and we are committed to working with the university, our peers, alumni, and national partners to do so," the statement read.Read the full statement below: UM IFC Statement (1) by WXYZ-TV Channel 7 Detroit on Scribd 705

The Trump administration is unleashing additional sanctions against seven Russian oligarchs with ties to President Vladimir Putin along with 12 companies they own or control.The measures announced by the Treasury Department on Friday were also aimed at 17 senior Russian government officials and the state-owned Russian weapons trading company, Rosoboronexport, which has long-standing ties to Syria and its subsidiary, Russian Financial Corporation Bank."Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the consequences of their government's destabilizing activities," Treasury Secretary Steven Mnuchin said in a statement, citing Russia's occupation in Crimea and its ongoing efforts to supply the Assad regime in Syria with materials and weapons.The action targets Russian oligarchs including Kirill Shamalov, who married Putin's daughter and has amassed a fortune since they tied the knot in February 2013; Oleg Deripaska, a senior Russian official who has been investigated for money laundering; and Suleiman Kerimov, who allegedly brought millions of euros into France in suitcases, according to the Treasury Department.The fresh sanctions are the latest step by the US against Russia following the poisoning of a former Russian spy in England, interference in the US 2016 election and a cyberattack, described as the most damaging in history.The Trump administration has been under pressure by Congress to act to meet demands under a sanctions law passed by Congress last summer to punish Russia for interfering in US elections.  1599

The U.S. experienced its largest single-day increase in new COVID-19 cases on Thursday according to figures from Johns Hopkins University.Johns Hopkins public database reports that about 40,000 confirmed cases of the coronavirus were reported to local health departments on Thursday. The previous one-day record for newly reported cases occurred on April 24, when about 36,000 were confirmed to have contracted the virus.According to Johns Hopkins, 2.4 million Americans have contracted the virus, and more than 124,000 have died after contracting it.A graph showing the number of new cases of COVID-19 reported each day in the U.S. (Johns Hopkins)New cases of the coronavirus are currently on the rise in several regions throughout the country. While top federal officials, including President Donald Trump, have maintained that the increase in cases can be attributed to an increase in testing, other concerning statistics, like hospitalizations linked to the virus, are also on the rise.On Thursday, Texas paused efforts to lift lockdown restrictions put in place earlier this year to prevent the spread of the virus. Other local governments have enacted mandates requiring masks in public.Vice President Mike Pence will hold a press conference along with the White House coronavirus task force on Friday in response to the rising case numbers. 1355