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Rep. Chris Collins says he will never answer any questions about securities fraud indictment

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Rep. Chris Collins (R-NY) said that he would fight the charges against him for securities fraud, wire fraud and making false statements.

After being arraigned, Collins took the podium and proclaimed his innocence. He explained the back story of his investment and the history with the company. He’s boasted about “making millionaires” in Buffalo with the company’s success, MSNBC’s Chris Hayes said Wednesday.

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Collins said that going forward he would not answer any questions about the case or trial. Hayes noted that he doesn’t anticipate that working for Collins.

“Congressman Collins cheated our market and our justice system in two ways,” said attorney Geoffrey Berman said at a news conference Wednesday. “First, he tipped his son to confidential corporate information at the expense of regular investors. And then he lied about it to law enforcement to cover it up.”

Collins’ district is still a very Republican district, so it is doubtful that a Democrat could prevail there. In a year where Democrats are competitive in GOP seats, however, anything is possible.


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Kellyanne Conway lashes out at Democratic voters as ‘racist and sexist’ at Ohio GOP dinner

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Making an appearance at a Republican Party dinner in Columbus, Ohio, Kellyanne Conway accused Democratic voters of being "racist and sexist," in a diatribe as she tried to boost the fortunes of her boss, President Donald Trump.

According to a report from Cincinnati.com, Conway attacked the leading Democratic presidential nominees before making her claim.

“Their top three candidates are white, career politicians in their 60s and 70s, which I have nothing against except they (Democrats) certainly do,” Conway reportedly told the crowd. “I don’t know why the heck the Democratic party electorate is so racist and sexist. I can’t figure it out.”

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Betsy DeVos’ DOE threatens to cut university funding for positive portrayal of Islam

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The U.S Department of Education threatened to pull federal funding from a Middle East studies course jointly run by Duke University and the University of North Carolina because it portrays Islam too positively.

The DOE ordered the universities to change their program or lose its federal grant money. In a letter to UNC, the department criticized the program, arguing that topics like Iranian art and film have “little or no relevance” to the Middle East studies program. The letter also argues that the program “appears to lack balance” because its programs are not focused on the discrimination faced by “religious minorities in the Middle East," including Christians and Jews.

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Wall Street is ignoring the omens of recession — here’s why

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The Federal Reserve seems a lot more concerned about the state of the economy than it’s been letting on.

The Fed lowered its target interest rate by a quarter point on Sept. 18, the second such cut since July – and the first reductions since the Great Recession more than 10 years ago.

Judging by the words of Fed Chair Jerome Powell, this isn’t that big a deal. In his statement following the decision, he said: “We took this step to help keep the U.S. economy strong in the face of some notable developments and to provide insurance against ongoing risks.”

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