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The House has voted to send two articles of impeachment against President Donald Trump to the Senate. Pelosi signed off on sending the articles across the U.S. Capitol to the Senate for only the third such trial in American history. Trump complained anew of a “hoax,” even as new details emerged about his political efforts in Ukraine. The move to the Senate takes the case from Pelosi's Democratic-majority House to the Republican-controlled Senate, where the president's team is mounting a defense aiming for swift acquittal.Senate Majority Leader Mitch McConnell said that the Senate will accept the articles at noon Thursday. At 2 p.m., Chief Justice John Roberts will be seated in the Senate. McConnell said the formal trial will begin on Tuesday. 764

The Mac Pro is expensive. Race cars are expensive. Recording equipment is expensive. Professional cameras are expensive. Professional kitchen stuff is expensive. Professional stuff is expensive.— Stan GORE-aczek (@stanhoraczek) December 10, 2019 257

The impeachment process is one that isn’t used very often, but it’s been around since the birth of the U.S. Constitution.“It was an idea as a check on the abuse of political power,” said Norman Provizer, a professor of political science at Metropolitan State University of Denver.He said impeachment is like an indictment. It doesn't mean the president is automatically booted out of office. When a simple majority of the House of Representatives votes to impeach, the next step is a trial in the Senate. The president can then be removed from office by a two-thirds vote in the senate.Only three U.S. presidents ever have been impeached: Presidents Andrew Johnson, Bill Clinton and Donald Trump. Johnson and Clinton both managed to finish their terms in office. President Richard Nixon actually resigned before the House of Representatives could pass the impeachment articles against him.“Andrew Johnson, one of the charges against him was he didn’t follow an act passed by Congress. And that is illegal, you can’t do that,” Provizer said.Provizer said there was a lot of disagreement between Johnson and Congress during his term in the 1860s. Clinton’s impeachment more than a century later had little to do with Congress. “I did not have sexual relations with that woman," Clinton said at a White House press conference in 1998.Turns out Clinton did have an affair with a White House intern, despite denying it during testimony.“There is a thing about perjury — lying under oath. All of it’s surrounding sexual activities, if you will,” Provizer said.Impeachment isn’t only for presidents. In fact, Provizer said it’s mainly used to try and potentially remove federal judges.“It says in the constitution the president, the vice president and other civil officers," the professor said.Provizer said presidential impeachments are often most noteworthy because they come with dramatic storylines. He says people start to draw connections between different impeachment proceedings. For example, the partisan divide we’re facing now was seen during Nixon’s administration.“It looks like the Republicans are defending him, and the Democrats are going after him. I mean, that’s how it’s viewed — very partisan. But as it unfolds and more information comes out, basically, many Republicans drop their effort to defend him.”As of now, most of the Republican party has remained loyal to Trump. In the end, Provizer said all impeachment proceedings have been fundamentally the same. They simply deal with different subject matter.“If you give a government power, what do you also have to be concerned with? The ability to check that power," Provizer said. "You need both. Otherwise you have authoritarian rule."  2722

The first tropical system to slam the US this year is expected to make landfall as a hurricane. But days before landfall, it's already walloping New Orleans with widespread flooding.The National Hurricane Center predicts Tropical Storm Barry will form in the Gulf of Mexico by Thursday and strengthen to a hurricane by Saturday, when it's expected to make landfall in Louisiana. The tropical system has already spawned its first tornado warning and flash flood emergency, both in the New Orleans area.New Orleans resident Angela Catalano, whose house is already flooded, said she's worried about what's next."We took in about 2 feet of water in our basement/ground floor level," Catalano said. "I'm very concerned about the impending storm, with the Mississippi River near flood stage. I'm very worried about more flooding."Indeed, the worst is yet to come. Louisiana Gov. John Bel Edwards said about 10 to 15 inches of rain could fall within 24 hours between Friday and Saturday. Edwards declared a state of emergency Wednesday for all of Louisiana in preparation for the impact of the low-pressure system."That is a short time period for such an intense" rainfall, Edwards said.Even worse: The slow-moving storm is crawling at about 3 to 5 mph, the governor said. That means it could hover over the same place for long time, dumping rain relentlessly.Forecasters warned drivers to stay off flooded roads."A FLASH FLOOD EMERGENCY has been issued for Jefferson Parish! 4 to 6 inches have already fallen and 2 - 3 more is anticipated," the National Weather Service's New Orleans office tweeted. "Please do not drive in flooded roads! Seek higher ground if flooding!"New Orleans City Hall closed Wednesday as the ferocious weather kept pounding the city."As always during hurricane season, residents are reminded to review emergency plans, gather emergency supplies, and stay informed," Mayor LaToya Cantrell's office said. "Hurricane preparedness information is available at 1987

The Dow fell more than 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.US stocks fell as investors sold stock in companies and moved it into bonds. The Dow was about 2.8% lower. The broader S&P 500 was also down 2.8% and the Nasdaq sank 3.1% Wednesday.CNN Business' Fear and Greed Index signaled investors were fearful. The VIX volatility index spiked 26%.Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets despite the latest truce. Industrial production in China grew at the weakest rate in 17 years in July.As the global economy sputters, investors are plowing money into long-term US bonds. The 30-year Treasury yield fell to 2.05%, the lowest rate on record.Government bonds — particularly US Treasuries — are classic "safe-haven" assets that investors like to hold in their portfolios when they're nervous about the economy. Stocks, by contrast, are riskier assets that tend to be more volatile during economic slowdowns.Gold, another safe-haven asset, rose 1% Wednesday.Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds.Part of the yield curve has been inverted for several months. In March, the yield on the 3-month Treasury bill rose above the rate on the 10-year Treasury note for the first time since 2007. It inverted again on July 24 and has remained negative. But Wednesday marked the first time in over a decade that the "main" yield curve — the 2-year / 10-year ratio — had inverted.That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started nearly two years after the December 2005 yield-curve inversion.William Foster, Moody's lead US analyst, predicts the US economy will avoid a recession in 2019 and in 2020, despite the yield curve inversion's warning sign. He expects growth to slow in the second half this year into 2020.The US economy remains strong: Unemployment is historically low, consumer spending is booming, and the financial system is healthy."Even though we're discouraged by the yield curve's shape right now, we see few signs of danger ahead," said John Lynch, LPL Research chief investment strategist, in a blog post.Stocks have grown volatile lately, with the Dow plunging and rising more than 350 points in each session this week. But the yield curve inversion doesn't mean the stock market is about to collapse. The S&P 500 has rallied 22% on average between the first time a yield curve inverts and the start of a recession, Lynch noted.Following the last yield curve inversion in 2005, stocks rose for 12 straight months. 3400