Information Wrap: Obama cracks straight straight straight straight down on predatory payday loans

Information Wrap: Obama cracks straight straight straight straight down on predatory payday loans

The Obama administration called for strict regulations on short-term, high-interest payday loans used by an estimated 12 million Americans each year in our news wrap Thursday. Additionally, Donald Trump found a major recommendation from home Speaker Paul Ryan after Hillary Clinton argued that the true property mogul’s statements on Muslims and nuclear expansion should bar him through the presidency.

Read the transcript that is full

HARI SREENIVASAN:

Good night. I Am Hari Sreenivasan. Gwen Ifill and Judy Woodruff are away.

Regarding the “NewsHour” tonight: Ca turns into a battleground for Hillary Clinton and Bernie Sanders, while Donald Trump gets hit difficult with heightened scrutiny over Trump University.

Additionally ahead:

A brand new report shows music legend Prince passed away from an overdose that is opioid. Just exactly just exactly exactly just How their death shows America’s worsening opioid epidemic.

Plus:

Into the most high-priced tenants market within the country, those fed up with residing in cramped bay area are pressing for lots more housing at all amounts.

SONJA TRAUSS, Bay Region Renters’ Federation:

Engaging in the Bay region is a lot like stepping into a national nation club. Either you have to own a complete great deal of cash straight away or perhaps you need to understand some body.

HARI SREENIVASAN:

All that and more about tonight’s “PBS InformationHour.”

HARI SREENIVASAN:

The national government called today for curbs on pay day loans, utilized by an approximated 12 million Us americans every year. The buyer Financial Protection Bureau states they become financial obligation traps with triple-digit interest levels.

Proposed laws would add re re re re re payment tests to make sure borrowers can repay loans without the need to restore them, and limitations in the amount of times loan providers can debit a debtor’s account. Trade groups warn the limitations will destroy the industry.

Within the presidential competition, Democrat Hillary Clinton hammered https://cashlandloans.net/payday-loans-fl/ Republican Donald Trump on international policy, and Trump replied having an endorsement that is major. In a north park message, Clinton emphasized her own experience, and stated Trump’s behavior, in comparison, shows he could be temperamentally unfit to be commander in chief.

HILLARY CLINTON (D), Democratic Presidential prospect: this is simply not a person who should ever have the nuclear codes, as it’s maybe maybe not difficult to imagine Donald Trump leading us into a war simply because someone got under their really skin that is thin.

(CHEERING AND APPLAUSE)

HARI SREENIVASAN:

Even while Clinton ended up being talking, Trump won a vital recommendation from home Speaker Paul Ryan. Up to now, the Wisconsin Republican had declined to just simply simply just simply simply take that action.

Today, he did, composing within the Janesville Gazette: “It really is no key I have our differences, but the reality is, on the issues that make up our agenda, we have more in common — more common ground than disagreement,” he said that he and.

President Obama today urged graduates during the U.S. Air Force Academy to activate aided by the globe, maybe not pull right back. The commencement target in Colorado Springs ended up being the very last of their presidency. He argued the U.S. gets the strongest military in the field and should never shirk its part as a worldwide frontrunner.

PRESIDENT BARACK OBAMA:

Within these uncertain times, it is tempting often to pull straight right straight straight right back, to attempt to clean our fingers of disputes that appear intractable, allow other nations fend on their own.

But history teaches, from Pearl Harbor to 9/11, that oceans alone cannot protect us. Hateful ideologies can spark terror from Boston to San Bernardino.

HARI SREENIVASAN:

Later, Mr. Obama shook and saluted arms with every of this 812 graduates. About one-quarter associated with course ended up being feminine 40 years since women were very very very first admitted to your academy. The atmosphere Force Thunderbirds travelled throughout the graduation, however a time that is short, one of these crashed simply south of Colorado Springs. The pilot ejected properly, in addition to president came across quickly with him before making Colorado.

The Navy’s accuracy atmosphere group additionally suffered an accident. Among the Blue Angels’ F/A-18 fighter jets took place near Nashville, Tennessee, while they practiced for the atmosphere show. a regional television place revealed nevertheless pictures of the fireball following the crash. Ebony plumes of smoke rose within the scene whilst the other people in the united group travelled overhead. The fate associated with pilot ended up being uncertain.

In Texas, a round that is new of dumped much more rain today, making record flooding worse. A flash flooding caution went up across Central Texas, with catastrophes now declared in 31 counties. Swollen rivers threatened to make extra evacuations from low-lying areas. The flooding has now reached amounts perhaps perhaps perhaps maybe maybe not present in a lot more than a century.

Elements of European countries are underwater from a few of the worst flooding in a century here. Streams are from their banking institutions in France, Germany and Belgium, killing six individuals and forcing evacuations. The waters are increasing therefore fast in the Seine in Paris that the famed Louvre museum announced it’s going to shut the next day, so employees can go art actively works to top floors.

As well as in Germany, floods are sweeping through towns in Bavaria. Tragedy relief teams have begun clearing the wreckage, but more storms are looming.

German lawmakers declared today that mass killings of Armenians by Ottoman Turks during World War I happened to be genocide. The vote arrived amid tensions with modern-day Turkey over migrants and repression that is political.

Alex Thomson of Independent tv Information has our report.

ALEX THOMSON:

Armenians dance within the roads outside. Meanwhile: “All those who work in benefit? All those against? Abstentions?”

When this occurs, applause and courteous thank-you indications from Armenians into the general public gallery of Germany’s Parliament. Turkey’s response instant, mad rather than that polite, the prime minister accusing Germany of a historic blunder and saying Turkey will not, ever accept it.

MAN (through interpreter):

The German Parliament accepted a motion by the racist Armenian lobby in Germany, an important ally for Turkey. There isn’t any occasion inside our past that will cause us to bow down our minds in embarrassment.

ALEX THOMSON:

A million-and-a-half Armenians had been killed by Turkish Ottoman forces through the very very very First World War, a conference more popular since the very very first genocide regarding the century that is 20th formally therefore now by many people nations.

Yet, a hundred years on, Turkey stays enraged by the extremely concept. Talking on a trip to Kenya, Turkey’s president stated they would recalled their ambassador from Berlin while the vote may cause severe harm to relations between your two nations, major NATO allies and nations who require each other possibly as nothing you’ve seen prior within the hold of European countries’s migrant crisis.

HARI SREENIVASAN:

Governmental leaders in Armenia praised the German Parliament’s vote.

OPEC failed once again right now to achieve contract on managing production to push up costs. Cartel ministers came across in Vienna, but Saudi Arabia and Iran stayed split over freezing or production that is curbing. Iran is pumping more oil, given that Western sanctions have already been lifted.

Wall Street closed out of the with modest gains week. The Dow Jones commercial average had been up about 49 points to shut at 17838. The Nasdaq rose 19 points, and also the S&P 500 included almost six.

And organizers associated with the Summer Olympics in Brazil desired to relax and play straight down a bunch of concerns today. They said Rio de Janeiro will undoubtedly be prepared, despite an overall economy,|crisis that is economic the impeachment of Brazil’s president, construction delays, additionally the Zika virus.

But United states cyclist Tejay van Garderen became the athlete that is first withdraw from Olympic consideration, citing Zika. He stated he will not risk getting herpes and moving it to their expecting spouse.

Nevertheless in the future regarding the “InformationHour”: the tightening Democratic primary in Ca; Trump University’s controversial enterprize model; amid confirmations of Prince’s overdose, a review of the nation’s growing opioid epidemic; and more.

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