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Report: $15 minimum wage bill would benefit 20.7 million workers

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24 Hours Across Africa

US House faults Trump attacks on congresswomen as racist

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Source: BBC-

The US House of Representatives has voted to condemn President Donald Trump after a series of attacks aimed at four congresswomen.

The symbolic resolution denounced Mr Trump’s “racist comments that have legitimised fear and hatred of New Americans and people of colour”.

Mr Trump had been accused of racism and xenophobia for telling the members of congress to leave the country.

The president has since tweeted: “I don’t have a Racist bone in my body!”

Tuesday’s debate in the Democratic-controlled chamber was a highly polarised debate,

with various Republicans insisting the vote itself was a breach of decorum.

It passed by 240 votes to 187.

Four Republicans and the House’s sole independent, former Republican lawmaker Justin Amash, joined all 235 Democrats to approve the resolution

The four Republicans were Texas congressman Will Hurd (the party’s only African American representative), Brian Fitzpatrick (Pennsylvania), Fred Upton (Michigan) and Susan Brooks (Indiana).

Passing a resolution – which is a statement of opinion and not legally binding – criticising presidential conduct is very rare.

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24 Hours Across Africa

Senate opens hearing into Facebook plans for Libra cryptocurrency

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U.S. lawmakers from both sides of the aisle were set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe.

Facebook is fighting a rearguard action to get Washington onside after it shocked regulators and lawmakers with an announcement on June 18 that it was hoping to launch a new digital coin called Libra in 2020.

Since then it has faced criticism from policymakers and financial watchdogs at home and abroad who fear widespread adoption of the digital currency by the social media giant’s 2.38 billion users could upend the financial system.

“Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust,” Democratic senator Sherrod Brown, the ranking member of the Senate Banking Committee, said in his opening remarks. “We’d be crazy to give them a chance to let them experiment with people’s bank accounts.”

Critics have expressed anger that the company would have got so far in its plans for such a potentially groundbreaking project without extensive input from policymakers, especially when it is already in the spotlight over privacy issues.

The Senate Banking Committee is questioning David Marcus, the company’s top executive overseeing the project, on issues ranging from how Libra could affect global monetary policy to how customer data will be handled.

Marcus, who was president of PayPal from 2012 to 2014, tried to assuage concerns in his opening remarks by promising that Facebook will not begin offering Libra until regulatory issues are addressed.

“We know we need to take the time to get this right,” Marcus, who is also due to testify before the House Financial Services Committee on Wednesday, said.

Marcus is likely to get a frosty reception from other Democratic lawmakers who already believe the company is too large and careless with consumer data.

He is also likely to face skepticism from Republicans after U.S. President Donald Trump and Treasury Secretary Steven Mnuchin voiced concerns.

“They’re going to have to convince us of very high standards before they have access to the U.S. financial system,” Mnuchin said on Monday.

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