June 26, 2019

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FedEx loses $2 billion, warns of headwinds in coming year

FedEx loses $2 billion, warns of headwinds in coming yearFedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead will be hurt by slowing growth in the world economy and the decision to drop a contract with retail giant Amazon. The delivery company reported a quarterly loss of nearly $2 billion. FedEx started a new fiscal year this month, and Chief Financial Officer Alan Graf said the company's performance, especially at FedEx Express, is being hurt by continued weakness in global trade and industrial production.


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Father-daughter border drowning highlights migrants' perils

Father-daughter border drowning highlights migrants' perilsThe man and his 23-month-old daughter lay face down in shallow water along the bank of the Rio Grande, his black shirt hiked up to his chest with the girl tucked inside. The searing photograph of the sad discovery of their bodies on Monday, captured by journalist Julia Le Duc and published by Mexican newspaper La Jornada, highlights the perils faced by mostly Central American migrants fleeing violence and poverty and hoping for asylum in the United States. According to Le Duc's reporting for La Jornada, Óscar Alberto Martínez Ramírez, frustrated because the family from El Salvador was unable to present themselves to U.S. authorities and request asylum, swam across the river on Sunday with his daughter, Valeria.


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California to require background checks for ammo purchases

California to require background checks for ammo purchasesCalifornia has among the most stringent gun laws in the country and on Monday a far-reaching new initiative to curb violence will require background checks for every ammunition purchase. Gov. Gavin Newsom and other proponents said it will save lives but opponents are suing in hopes of eventually undoing a law they said will mostly harm millions of law-abiding gun owners. Ammunition dealers are seeing a surge in sales as customers stock up before the requirement takes effect.


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Trump awards highest military honor to Iraq War veteran

Trump awards highest military honor to Iraq War veteranPresident Donald Trump on Tuesday awarded the nation's highest military honor to an Iraq War veteran who took on an insurgent stronghold and allowed members of his platoon to move to safety during heavy fighting in Fallujah. The president presented the Medal of Honor to former Army Staff Sgt. David G. Bellavia, of New York. The entire thing is impossible to think about unless you're talking about the men we lost," Bellavia said after the ceremony.


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US border chief quits amid outcry over child detainees

US border chief quits amid outcry over child detaineesThe acting head of the US Customs and Border Protection agency announced his resignation on Tuesday amid a public outcry over alarming detention conditions of migrant children in Texas. John Sanders, appointed to the post just two months ago, said in a letter obtained by several US media outlets that he planned to step down as acting CBP commissioner on July 5. Sanders' departure coincides with the revelation of unsanitary detention conditions for children at an overcrowded Border Patrol facility in Clint, Texas, a sign of the increasing strain on resources due to soaring numbers of arrests at the US-Mexico border.


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Fox’s Shep Smith Torches Trump: We Treat Migrant Children Worse Than Prisoners of War

Fox’s Shep Smith Torches Trump: We Treat Migrant Children Worse Than Prisoners of WarFox News anchor Shepard Smith on Tuesday strongly objected to President Trump’s assertion that migrant children detained in border detention centers are being treated “very well,” pointing out that the conditions these children face would be in violation of the Geneva Convention.After his acting Customs and Border Protection chief John Sanders revealed he resigned from his position amid furor over reports of squalid and filthy conditions at overcrowded detention camps, the president insisted to reporters that he is “very concerned” with the issue. At the same time, he claimed the conditions were “much better than they were under President Obama.”Shortly after Trump made his comments, Smith told Fox News viewers that because Trump said “we’re treating the children very well,” he was going to provide actual reporting on “how those children are being treated.”Highlighting the “horrendous conditions” at a detention facility in Clint, Texas, the Fox News anchor noted that one lawyer said children less than 10 years of age were taking care of infants and toddlers.“Their clothes covered in snot,” Smith added. “No access to toothbrushes or toothpaste or soap. Basic necessities for any of us and all the more so for children.”Referencing a segment from his Monday broadcast, Smith went on to highlight just how awful these kids’ living conditions were.“We reported accurately here yesterday that were these prisoners of war instead of innocent children, those withholding of those items would be violations of the Geneva Convention,” he declared. “That is what the president considers treating well, the children of migrants that came across the border without documents.”Smith concluded by reporting that despite the Clint facility being incapable of providing children toothbrushes and soap, 100 children that were transferred elsewhere had been returned to the center.“Those are the facts,” the anchor added.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.


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Apple reportedly canceled quantum dot camera technology for the iPhone 11

Apple reportedly canceled quantum dot camera technology for the iPhone 11The iPhones arriving this September will feature more cameras than ever, according to various leaks from the past few months. Apple is said to be bringing triple-lens cameras to the iPhone 11 and iPhone 11 Max, while the iPhone XR successor will get a dual-lens shooter. Apple will likely bake a bunch of extra camera features into iOS 13 to take advantage of the additional lens, but these have yet to leak.A new story from the UK, meanwhile, does mention a camera feature that Apple has abandoned because of costs.Apple is believed to be the major Nanoco client that canceled a multi-million dollar deal, per The Telegraph, which crashed its stock by 74%. If this kind of stock behavior sounds familiar, it's because it happened in the past with UK companies that lost lucrative supply deals with Apple.Nanoco would not confirm the identity of the customer, but the company did announce a contract with a "large undisclosed US listed corporation" in 2018 valued at £17.1 million ($21.75 million) over two years, which amounted to more than half its revenues. The Telegraph believes that company to be Apple.The two parties were working on advanced image sensors that should have been featured in this year's iPhones, but Apple apparently abandoned Nanoco's quantum dot technology in favor of an alternative.Quantum dot technology allows for "precise control of light that allows for higher-quality digital camera sensors than the silicon ones in today's smartphones," the report notes, adding that quantum dot technology is also used in TV screens. Interestingly, Apple was rumored to be working on quantum dot technology in the past, but that was in relation to displays, not cameras.The technology would have improved photography and AR features on the iPhone, but manufacturing the sensor in large numbers would be costly, which is why Apple canceled the project. The news comes from BlueFin Research, which closely tracks Apple's supply chain. Apple is still interested in improving AR on iPhone and is working on laser-powered 3D features for the 2020 iPhones, The Telegraph notes.


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Taj Ma Garaj Collection Being Sold Without Reserve

Taj Ma Garaj Collection Being Sold Without ReserveThe single day sale through RM Sotheby’s is set for September 28th in Ohio. Well-know late car collector, John Dixon’s, collection of more than 30 highly sought after Porsches and Volkswagens is soon going under the hammer with no reserve set in the Taj Ma Garaj Collection. The auction is happening in Dayton, OH, and will feature over 350 lots of automobila and collectibles. John Dixon’s obsession with the Porsche models started when he was passed by a 911 in his muscle car in high school - from there, he was blown away by the car. He bought his own Porsche a year later, and really got serious about his car collection in the 90s. The Taj Ma Garaj collection is now considered to be one of the most eclectic Porsche and Volkswagen collections, along with Porsche unobtainium, rare literature, collectibles, engines, and an assortment of arcade ephemera. The collection was opened by John to thousands of visitors and enthusiasts over the years.“RM Sotheby’s is honored to present the Taj Ma Garaj Collection on behalf of John’s beloved wife Vickie and the Dixon family,” says Senior Car Specialist Donnie Gould, RM Sotheby’s. “The Taj Ma Garaj building is truly a Porsche enthusiast’s heaven. John Dixon was as knowledgeable about his cars as he was passionate, and what he has assembled represents sought-after high watermarks in Porsche production, alongside cars like a wrought-iron Beetle that are just plain fun. We look forward to presenting the Collection this fall and welcoming fellow Porsche collectors from far and wide.”Offered in the lots are:A 1952 Porsche 356 Cabriolet by Gläser, chassis no. 12355 (Est. $375,000 - $425,000) A 1957 Porsche 356 A Carrera GT Speedster Coachwork by Reutter, chassis no. 83622, (Est. $1,500,000 - $2,000,000) A 1967 Porsche 911 S Coupe, chassis no. 305860 S, (Est. $350,000 - $450,000) An exceedingly rare 1981 Porsche 924 Carrera GTS Clubsport, chassis no. WP0ZZZ93ZBS710038, (Est. $250,000 - $350,000) A 1997 Porsche 911 Turbo, chassis no.  WP0AC2996VS375198, (Est. $225,000 - $275,000) A 1953 Porsche 356 Limousine Custom, chassis no. 50146, (Est. $150,000 - $250,000) The Taj Ma Garaj collection is a Porsche lover’s dream, and it’s being offered up on behalf of John’s beloved wife Vickie and the Dixon family. It is sure to grab the attention of enthusiasts all over the world this September in Ohio. Source: RM Sotheby’s Read More... Porsche Featured At 64th Annual Hillsborough Concours d’Elegance Rothmans Replica: 1983 Porsche 911 SC Safari


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