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Elizabeth Warren, targets prospective plan to stop ‘looting’ of U.S. companies

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U.S. Democratic presidential hopeful Elizabeth Warren on Thursday called for an overhaul of the private-equity industry as part of a new proposal targeting Wall Street.

“We need to shut down the Wall Street giveaways and rein in the financial industry so it stops sucking money out of the rest of the economy,” Warren said in a post on Medium.com announcing her proposal.

Warren and a group of Democrats also filed legislation on Thursday to implement the policy that the Massachusetts senator proposed through her campaign.

Warren, a relentless critic of the financial industry for much of her career, is one of more than two dozen candidates vying for the Democratic nomination to challenge Republican President Donald Trump in the November 2020 election.

She has distinguished herself in the crowded field by releasing reams of policy proposals.

The legislation, titled the Stop Wall Street Looting Act was filed in both the U.S. House of Representatives and Senate.

Senator Kirsten Gillibrand, who also is running for president, is a co-sponsor with Warren but no Republicans joined in sponsoring the bill.

The proposal was greeted with opposition from industry and business groups, who would undoubtedly fight efforts to enact the legislation.

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24 Hours Across Africa

Brazil win U17 World cup after beating Mexico

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Brazil bags another remarkable win to tally its Under-17 World Cup trophy by beating Mexico.

The host team, Brazil leaves it late to triumphed a 2-1 win at the Bezerrao stadium.

thanks to Lazaro Vinicius Marques’ 93rd-minute goal to made the difference.

Mexico – winners of the showpiece tournament in 2005 and 2011 – looked on track to add a third title to their collection when Bryan Alonso Gonzalez Olivan headed home the opener in the 66th minute.

But Brazil, playing in front of legends Ronaldo and Cafu, rallied courtesy of Kaio Jorge’s questionable penalty with six minutes of regulation time remaining.

Brazil then completed the comeback deep into stoppage time when Lazaro volleyed home a last-gasp winner.

The victory added to Brazil’s successes in 1997, 1999 and 2003 as they moved within one of Nigeria’s record of five championships.

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24 Hours Across Africa

Hong kong crisis: Police threaten to use live bullet

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After recent protesters livid escalation on the Hong Kong police, the authorities has  threatened to fire live bullets if “rioters” did not stop using lethal weapons.

The police statement followed fresh clashes outside a university in the center of Hong Kong where protesters were hunkered down behind makeshift shields and hurled petrol bombs at police in a standoff blocking a vital tunnel link.

Police says, one of her officer had been treated in hospital after being hit in the leg by an arrow and another had his visor struck by a metal ball, although he was not hurt.

The violence in the Asian financial hub has posed the gravest popular challenge to Chinese President Xi Jinping since he came to power in 2012. Xi has said he is confident Hong Kong’s government can resolve the crisis.

Police have used live rounds in a few isolated incidents in the past.

Demonstrators, angry at what they see as Chinese meddling in the former British colony which has had autonomous status since returning to Chinese rule in 1997, have said they are responding to excessive use of force by police.

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