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Trade war: The worsening trade war between the United States and China is causing fresh pain for investors in Asia, but other global markets are looking brighter.Hong Kong's 187

A federal judge will sentence Paul Manafort on Thursday for defrauding banks and the government and failing to pay taxes on millions of dollars in income he earned from Ukrainian political consulting -- charges that stemmed from special counsel Robert Mueller's investigation into Russian interference in the 2016 presidential election.The penalty may be steep enough to keep the longtime lobbyist and former Trump campaign chairman in prison for the rest of his life.Prosecutors say that Manafort, 69, deserves between 19 and 25 years in prison as well as millions of dollars in fines and restitution for the crimes, for which a jury convicted him after a three-week trial last summer. Manafort has shown little remorse, they say, and even lied under oath following a plea deal after the trial."The defendant blames everyone from the special counsel's office to his Ukrainian clients for his own criminal choices," prosecutors wrote in a final court filing this week to Judge T.S. Ellis in Alexandria, Virginia.In many ways, the Manafort case -- which reached back almost a decade to track the movement of money from his Ukrainian political consulting work, through the time he was broke and working for Trump in 2016 -- has shaped Mueller's actions for almost two years.Manafort's was the first indictment Mueller announced in late 2017 and it used the criminal prosecution to ratchet up pressure on him throughout 2018 as they sought his cooperation on matters central to their probe. At one point, after securing Manafort's longtime deputy Rick Gates as a witness against him, prosecutors split his case in two, putting the more clear-cut financial crimes indictment in the fast-moving Northern Virginia federal court. Manafort's conviction at trial was a major win for Mueller -- the only official certification from an impartial group of citizens that Mueller had uncovered major crime.The eight crimes for which Manafort will be sentenced on Thursday include five convictions of tax fraud from 2010 through 2014, hiding his foreign bank accounts from federal authorities in 2012 and defrauding two banks for more than million in loans intended for real estate. At his trial, one juror refused to join the other 11 to convict him on 10 additional foreign banking and bank fraud charges. Prosecutors later dropped those counts.Manafort did not testify in his own defense at his trial, which 2411

@disneyplus um tech diff's much?? Woke up early and got the day off to binge... all I'm seeing is a loading icon and this... pic.twitter.com/8bTBUTjq6P— Nessa??? (@MicroMachine_89) November 12, 2019 210

A federal judge on Monday dismissed a lawsuit brought by President Donald Trump in his effort to block a subpoena issued by the Manhattan district attorney's office for eight years of Trump's tax returns, rejecting the President's "extraordinary" claim that any occupant of the White House enjoys "absolute immunity from criminal process of any kind."Describing Trump's argument as a "categorical and limitless assertion of Presidential immunity," US District Court Judge Victor Marrero wrote in an opinion that it "would constitute an overreach of executive power."Lawyers for Trump have indicated they would appeal the ruling.In September, after the lawsuit was filed, the district attorney's office agreed not to enforce the subpoena for a period of time that was set to expire Monday at 1 p.m. ET.The Manhattan District Attorney's Office, led by Cyrus Vance Jr., is examining hush money paid to two women who, during the 2016 presidential campaign, alleged having affairs with Trump a decade ago. Trump has denied having affairs with both women.The DA's office sent Trump's longtime accounting firm, Mazars USA, a grand jury subpoena seeking tax returns and related documents going back to 2011.Prosecutors are looking at whether the Trump Organization violated any New York state laws -- including potentially filing false business records -- in its effort to reimburse Michael Cohen, Trump's former attorney, who paid some of the hush money on Trump's behalf. Cohen is serving a prison sentence after pleading guilty in a federal case concerning the payments. 1577

WASHINGTON – When the House of Representatives begins its public impeachment hearings, it will be a rare event – only the fourth time involving a president. Presidents Andrew Johnson, Richard Nixon and Bill Clinton all faced varying degrees of the impeachment process. Now, so will President Donald Trump. “It is a political event,” said Georgetown Law Professor Victoria Nourse. She says while it is a high-profile event, she cautions to not call it “political theater.” “Impeachment was the last gasp, right? If someone did something completely antithetical to the nature of the Republic, if they were essentially unfit to serve in office, the founders wanted to have a backstop remedy, other than an election,” Nourse said. Here’s how the process will unfold: 1. Several House committees will hold public hearings. It’s up to the judiciary committee to decide if the full House will vote on impeachment. 2. Democrats hold the majority in the House– there are 235 of them. At least 218 representatives need to vote for impeachment for it to move on to the Senate. 3. The Senate holds the impeachment trial and acts as a jury. 4. Republicans have the majority in that chamber— 53 seats. An impeachment conviction requires a two-thirds majority vote. There are three offenses that are considered impeachable: - Treason - Bribery - High crimes and misdemeanors The Constitution does not define what high crimes and misdemeanors are, so it’s open to interpretation. “What it has to be is something that is very serious to the conduct of the nation's democracy,” Nourse said. That’s what is dividing Congressional Democrats and Republicans now: does President Trump’s actions involving Ukraine rise to the level of high crimes and misdemeanors? 1769

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