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At a contentious meeting on Monday, the Department of Justice's antitrust chief gave AT&T a choice: to get your purchase of Time Warner done, either sell off CNN's parent unit or DirecTV, or we'll see you in court.The government is holding up AT&T's pending acquisition of Time Warner, stirring speculation that the Trump administration is trying to retaliate against CNN for its coverage of the president.According to two sources with knowledge of the meeting, the DOJ is demanding that AT&T divest all of Turner, the unit of Time Warner that includes CNN as well as TNT and TBS."Threatening Turner is a fig leaf for threatening CNN," one of the sources said.AT&T is said to be reluctant to sell assets, especially Turner, which represents a significant portion of Time Warner's profits.Earlier on Wednesday AT&T said the timing of the deal's closing is now "uncertain.""We are in active discussions with the DOJ," John J. Stephens, chief financial officer for AT&T, said at a Wells Fargo conference.The stock of Time Warner, which owns CNN, fell more than 6.5% by Wednesday afternoon. AT&T was flat.The New York Times and the Financial Times also reported Wednesday afternoon that the DOJ was demanding the sale of CNN or Turner as a condition of approving the deal.The wireless giant previously said that it expected the acquisition to take effect by the end of this year. The deal was announced more than a year ago.The U.S. government is causing the delay. Stephens' comments effectively confirmed last week's Wall Street Journal report that the government is "actively considering" an antitrust lawsuit to block the impending acquisition.While the Justice Department declined to comment, sources had told the Journal that the department will sue if it can't reach an agreement on so-called "conditions" that are attached to the deal.The Journal story was an unwelcome surprise for AT&T executives. Transactions like Comcast's acquisition of NBCUniversal in 2011 are routinely approved with conditions attached."For over 40 years, vertical mergers like this one have always been approved because they benefit consumers without removing any competitors from the market," AT&T said last week. "While we won't comment on our discussions with DOJ, we see no reason in the law or the facts why this transaction should be an exception."The Justice Department's hardline approach to AT&T -- belying the business-friendly image of the Trump administration -- has spurred questions about Trump's personal interest in the deal.Time Warner's portfolio also includes Warner Bros., HBO, TNT and TBS.As a candidate, President Trump publicly vowed to block the deal. As president, he frequently criticizes CNN. Over the summer The New York Times reported that Trump aides discussed using the pending deal as a powerful form of leverage over CNN's coverage."You have to wonder" about the behind-the-scenes machinations "given that Trump has a vendetta against CNN and has openly talked about using these types of deals to punish them," Trevor Timm, the executive director of the Freedom of the Press Foundation, told CNN last week.On last Sunday's "Reliable Sources" on CNN, when asked whether Trump has had any involvement, counselor to the president Kellyanne Conway said "we're not going to interfere with that here."When asked whether the president still personally opposes the AT&T-Time Warner deal, Conway said, "I haven't discussed that with him lately."Trump was quoted criticizing the DOJ several times last week. He said he wants the department to investigate his political rivals, including Hillary Clinton.AT&T has declined to directly comment on concerns about political interference.But Stephens reiterated confidence in the deal at Wednesday's Wells Fargo conference, saying "these types of mergers bring great benefit to customers and have very routinely been approved by the DOJ and the federal government."AT&T and Time Warner agreed to the billion deal last fall.The-CNN-Wire 4047
As this active hurricane season continues. more coastal cities are changing how they build as a way to prevent against the effects of climate change.In Margate, New Jersey, a city of 6,000 people just south of Atlantic City, a -million beach replenishment project completed in 2017 created an eight-mile stretch of dunes along the beach to protect homes against storm surge from hurricanes and nor’easters.The project involved pumping 3.8 million cubic yards of sand from the ocean floor onto the beach. The sand was used to create a berm along the west side of the beach, closest to the homes, that could protect against storm surges of up to 15 feet while more sand was placed along the shoreline, extending the beach and moving the waves further away from properties.“I think the beach replenishment project is very important,” said Nee Jersey Department of Environmental Protection chief resiliency officer Dave Rosenblatt. “Without it, we would’ve expected to see a lot more damage from Sandy and frankly, normal nor’easters.”Superstorm Sandy in the fall of 2012 was the catalyst for the project. The storm’s worst damage was felt about 100 miles north of Margate where the boardwalk was ripped up and homes were left without power for days, and in some cases, weeks.“After Sandy, it was very easy to compare the areas that had beach replenishments and dunes to those that did not,” said Rosenblatt.But Margate is just an example of several coastal cities around the country that are doing things differently.“As the sea level rises, most people are more worried about what’s going to be underwater. That’s not as important as the flood plane is expanding,” said Galen Newman, associate professor of Landscape Architecture and Urban Planning at Texas A&M. “I think there are many cities exploring options.”After Hurricane Harvey, Houston built more greenspace in its downtown area so water could better drain. On the Texas coast, near Galveston, engineers have been considering a dike to stop flooding. After Hurricane Ike in 2008, the area withstood billions in damages, and experts worry the next strong storm to target the area could cause catastrophic effects to the economy as the area is America's leading producer of petroleum.Furthermore, in parts of Florida, new building codes now mandate buildings withstand winds of up to 130 MPH,, a low-end Category 4 hurricane. A study by the Institute for Business and Home Safety found the change has worked as insurance claims have gone down in number and severity since the year 2000. 2556
ASSISI, Italy (AP) — A 15-year-old Italian computer whiz who died of leukemia in 2006 has moved a step closer to possible sainthood with his beatification in the town of Assisi. Carlo Acutis is the youngest contemporary person to be beatified. He follows two Portuguese shepherd children living in the early 1900s who were proclaimed Catholic saints in 2017. Already touted as the “patron saint of the internet,” Acutis created a website to catalog miracles and took care of websites for Catholic organizations. While still in elementary school, Acutis taught himself to code using a university computer science textbook, and then how to edit videos and create animation. The cardinal who beatified him said he used the internet “in service of the Gospel.” 764
Authorities say a St. Louis police officer who was shot in the head while responding to a shooting on the city’s south side has died.Twenty-nine-year-old Tamarris L. Bohannon had been with the department for nearly four years.St. Louis Police Department spokeswoman Officer Michelle Woodling says a second officer who was shot in the leg was treated and released after the shooting around 6 p.m. Saturday in the South Grand neighborhood.The gunman barricaded himself inside a home and police negotiated with him for nearly 12 hours before the 43-year-old was taken into custody Sunday morning.Police have released no details about his arrest. 650
At least two people say they suffered serious injuries on Sunday evening after the Los Angeles Police Department (LAPD) attempted to disperse a large crowd celebrating the Los Angeles Lakers' NBA Finals victory near the Staples Center. 243