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Republican candidate Leslie Gibson has dropped out of the race for Maine's House of Representatives following backlash from controversial comments he made about two student survivors of the Parkland, Florida, school shooting."I am not walking away with my head hung low. I am walking away with my head held high," Gibson told the Portland Press Herald on Friday, saying he had made the decision after conversations with family and friends."It's the best thing for everybody," Gibson added.The Maine candidate drew outrage after posting insulting tweets about two Parkland students -- Emma González and David Hogg -- in light of their national gun control efforts."There is nothing about this skinhead lesbian that impresses me and there is nothing that she has to say unless you're a frothing at the mouth moonbat," Gibson tweeted of González, according to the Press Herald. He reportedly called Hogg a "bald-faced liar." The Twitter account used to make the remarks appears to have been deactivated and Gibson's campaign account has been set to private.Gibson later apologized to González, the Press Herald reports."I would like to extend to you my most sincere apology for how I addressed you," he said. "It was wrong and unacceptable. You are doing work that is important to you. I would like to extend my hand in friendship and understanding to you."Attempts by CNN to reach Gibson for comment were unsuccessful.Republican state Sen. Amy Volk and a number of Maine Democrats had called on Gibson to end his campaign. The comments also prompted two opponents -- one Republican and one Democrat -- to enter the race for Maine's 57th district."I never thought I would run for office, and I was perfectly content with just remaining a member of the community, but after reading Mr. Gibson's comments I thought that the people of Greene and Sabattus deserved a representative who will respect people and try to work through their differences to make our lives better," Eryn Gilchrist said in a statement from the state Democratic Party."After those recent unfortunate comments, I couldn't sit back," Republican candidate Thomas Martin Jr. said, according to the Press Herald. 2182

President Trump nominated Federal Reserve Governor Jerome Powell on Thursday to lead the world's most influential central bank.A Fed governor since 2012 and former Treasury official under the George H.W. Bush administration, Powell will replace current Fed Chair Janet Yellen. Yellen was nominated in 2013 by President Obama. Her term as the central bank's first female leader expires in February.It will be the first time in four decades that a new president hasn't asked the current Fed chair to stay on for a second term.Powell was among five candidates considered for the job. Also on the president's short list: former Fed governor Kevin Warsh, Stanford University economist John Taylor, the president's top economic adviser, Gary Cohn and Yellen.Ahead of Trump's formal announcement Thursday, Cohn praised the president's choice. "I'm really supportive of the president's decision -- and it's a great decision," he said speaking before The Economic Club of Washington.Related: Fed leaves interest rates alone and waits for TrumpThe position of Fed chair requires Senate confirmation. Republicans currently hold the majority and would be able to confirm Powell without any Democratic support, if necessary.At 64, Powell has been Yellen's ally on monetary policy, while also calling for easing some of the regulations on banks put in place after the 2008 financial crisis.Unlike almost all of his predecessors in the position, Powell is not an economist by training. Instead, he was a lawyer and former partner at private-equity firm, Carlyle Group.Two immediate challenges face Powell once he is confirmed in the role: How quickly to raise interest rates and how to continue to safely unwind the Fed's hefty balance sheet.It's the job of central bankers to shift policy levers, nudging interest rates higher or lower, to boost jobs and keep prices, or inflation, at the optimal level.What's made their job trickier is that inflation is signaling the Fed should not increase rates. But economic growth and a low unemployment rate of 4.2% are saying it should.Related: Powell would be the first investment banker to chair the Fed Powell has been supportive of Yellen's plan to gradually raise interest rates, if there are continued signs of improvement in the economy."The economy is as close to our assigned goals as it has been for many years," said Powell in a June speech at the Economic Club of New York. "Risks to the forecast now seem more balanced than they have been for a some time."Powell will also have to oversee how the central bank continues to shed some of the .5 trillion in investments it made in order to prop up the economy after the financial crisis. The Fed began the process of unwinding almost a decade's worth of stimulus investments in September.For years, the central bank piled up purchases of Treasury and mortgage-backed securities, a strategy intended to stimulate the economy by reducing borrowing costs for everyone. At the time, it also reduced its benchmark interest rate to zero, and only began raising it in December 2015, seven years after the crisis.Related: Fed taps Jerome Powell to head oversight of 'too big to fail' banksPowell voted in favor of winding down the Fed's balance sheet. And like Yellen, he's left the door open for a new round of asset purchases in the event of another crisis.In April, the Fed tapped Powell to serve as the new point man overseeing how Wall Street banks are regulated after Daniel Tarullo, the central bank's regulatory czar stepped down. Tarullo held the position for the past eight years.In this role, the Fed governor has sided with the Trump administration on easing some of the regulatory burdens on banks. He's specifically suggested relaxing the so-called Volcker Rule, which bars banks from taking risky bets with taxpayer money.The-CNN-Wire 3838

RALEIGH, N.C. (AP) — Alonzo “Lon” T. Adams II, the man who created the formula for Slim Jim beef jerky sticks, has died from complications of COVID-19. Lynn Barrow of Brown-Wynne Funeral Home in Raleigh confirmed Adams died on Nov. 28. He was 95. A funeral service was held Wednesday. The News & Observer of Raleigh reports Adams was a World War II veteran who survived the Battle of the Bulge despite being shot in the head. Today's Slim Jims are the result of Adams' recipe, described by The New York Times in 1996 as a combination of processed ground beef, chicken meat and other parts, along with a range of spices and chemicals. 645

President Donald Trump’s former adviser Kellyanne Conway said late Friday that she has tested positive for the coronavirus, days after attending a White House event with several others who have since come down with COVID-19.Conway tweeted Friday that she has a “light cough” and is “feeling fine.” “I have begun a quarantine process in consultation with physicians,” she added.Conway attended the Rose Garden announcement Saturday where President Donald Trump announced his nomination of Judge Amy Coney Barrett to the Supreme Court. Among the attendees, Republican Sens. Mike Lee and Thom Tillis, the president of the University of Notre Dame, as well as Trump himself tested positive Friday for the coronavirus. 721

RANCHO SANTA FE, Calif. (KGTV) - A Fairbanks Ranch home damaged in a fire was once listed on Airbnb as a ‘mega mansion’ for rent, multiple sources show. The home in the 6800 block of Spyglass Lane caught fire Sunday night and burned for two hours until the flames were knocked down. A cleaning crew was in the home but escaped without injury. A Zillow listing for the 20,000 square foot house indicated it was on sale for almost million. It was previously available for rent for ,500 per week.“Magnificent Venetian palace in chic guard-gated Del Rayo Estates in the exclusive enclave Rancho Santa Fe, minutes from the Golf Course, Del Mar Racetrack & Beach,” the listing on Zillow reads. “In the past, the property has generated 0,000 in income from short term rentals.” RELATED: Crews knock down Fairbanks Ranch mansion fireAlthough a previous Airbnb listing was removed by Monday, an article about the most expensive U.S. rentals on farandwide.com reported the home had been available for rent as of November 2018. There was no immediate word on whether the home had been rented Sunday. “This vast property in Rancho Santa Fe is 21,000 square feet, can accommodate up to 14 guests in seven bedrooms, and has an acceptable eight and a half bathrooms,” according to the article. Other amenities listed on Zillow included a bowling alley, yoga studio, wine cellar, elevator, guest house, 3,000 square foot kitchen, tennis court, and a pool with a waterfall. The cause of the fire remains under investigation. 1528

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