Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Dec. 27, 2018 / 3:28 PM GMT By Jane C. Timm President Donald Trump told American troops in Iraq that he gave them a 10 percent raise, and that it was their first pay hike in a decade — but he didn't, and it wasn't. "You just got one of the biggest pay raises you've ever received," Trump said in remarks at the Al Asad Air Base during his surprise trip to Iraq on Wednesday, drawing cheers from the troops. "You haven’t gotten one in more than 10 years — more than 10 years. And we got you a big one. I got you a big one." Troops will receive a 2.6 percent — not 10 percent — pay hike for 2019; they got a 2.4 percent pay hike in 2018. What's more, American troops have received a pay hike every year for decades. 2019's raise is the largest in nine years. Military pay raises are tied to increases private-sector wages, … [Read more...] about Fact check: Trump brags to troops about 10 percent pay raise he didn’t actually give them
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LONDON (Reuters) - A sell-off across Britain's financial markets wiped 2.84 billion pounds off Royal Bank of Scotland's <RBS.L> market capitalisation on Thursday after its shares sank 10 percent, according to Reuters calculations. The bank ended the day with a market capitalisation of about 27.01 billion pounds, down 9.5 percent from Wednesday, according to calculations. The stock had its worst day since the Brexit vote in June 2016. UK housebuilders Taylor Wimpey <TW.L>, Barratt Development <BDEV.L>, Persimmon <PSN.L> and Berkeley Group <BKGH.L>, which were some of the biggest fallers on the day, lost a combined 1.6 billion pounds. Persimmon was hardest hit, losing 540 million pounds; Barratt lost about 430 million pounds, while Taylor Wimpey's market value fell by 380 million pounds and Berkeley's dropped by 290 million pounds. (Reporting by Josephine Mason; Editing by Susan Fenton) … [Read more...] about RBS loses £2.84 billion in market cap as shares sink 10 percent
BEIJING (Reuters) – China maintained solid export growth of 12.6 percent in May, slightly slower than in April, but still providing good news for Beijing’s policymakers as they deal with tough trade negotiations with Washington. Imports also rose more than anticipated in May and at the fastest pace since January, with the data coming at a time when China has pledged to its trade partners – including the United States – that steps would be taken to increase imports. China, the world’s largest exporter, has so far escaped any major blow to its foreign trade sector despite rising trade tensions with the United States, which last week warned it would continue to pursue tariffs on Chinese imports. A third round of talks between the two economic heavyweights concluded in Beijing last weekend with few signs of progress, as China issued a counter-warning that any trade and business deals reached with Washington would be void if the United States implemented … [Read more...] about China’s export growth held up well in May, imports rise 26 percent year-on-year
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Fact Checker Analysis Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events by Meg Kelly by Meg Kelly Email the author May 10 at 8:22 AM Email the author “98 percent of mass public shootings in the United States since 1950 have taken place in gun-free zones.” — President Trump, speaking to the National Rifle Association, May 4 President Trump is prone to using bombastic statistics without much regard for the source, particularly when they support his opinions. When he claimed that “98 percent of all mass public … [Read more...] about Do 98 percent of mass public shootings happen in gun-free zones?
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week, benefiting potential homebuyers with the spring buying season underway.Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages dipped to 4.40 percent from 4.44 percent last week. The benchmark stood at an average 4.10 percent a year ago.The decline followed scant movement in long-term rates last week and a months-long stretch of increases in January, February and early March as interest rates generally rose.The average rate on 15-year, fixed-rate loans declined to 3.87 percent from 3.90 percent last week.As trade tensions have escalated in recent weeks between the U.S. and China, investors have been switching into safer assets like bonds. That has pushed bond prices higher and suppressed their yields, which move in the opposite direction and tend to influence mortgage rates. The yield on the closely watched 10-year Treasury note fell this week amid trade anxiety, then steadied … [Read more...] about Long-term US mortgage rates fall; 30-year at 4.40 percent