Month: May 2020

Cleared of wrongdoing for Kansas trips, Pompeo turns to attack Dem requesting probe

Secretary of State Mike Pompeo did not violate a law governing federal employees’ behavior with his trips to Kansas in 2019, according to a letter from an independent federal investigative agency released by Pompeo late Thursday.

Pompeo has come under increased scrutiny after recommending the firing of the State Department’s inspector general. Democratic lawmakers announced they were expanding their investigation Friday, requesting interviews with several senior State Department officials.

The probe into Pompeo’s travel began last year after he made a series of trips to his adopted home state, with questions about whether he was using his office as secretary

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Wealthy Flyers Worried About Coronavirus Turn to Private Jet Service

Commercial air travel has plummeted in the coronavirus pandemic, but interest in private jet service is surging, particularly among people who have not paid to fly privately before.

For years, jet service providers have ferried corporate executives and wealthy leisure travelers who paid high fees for the privacy and security. Now, those companies are scrambling to meet rising demand from people worried about getting on a commercial flight.

Over the Memorial Day weekend, one of the busiest travel times in the United States in years past, traffic in the private jet industry was 58% of the volume from the same

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What to know about traveling to the US at this stage of the pandemic

The Trump administration this week issued new limits on travelers coming to the U.S. from Brazil in the latest rollout of flight restrictions intended to stem the spread of COVID-19.

Brazil became the first Latin American country named in a series of COVID-19 proclamations President Donald Trump has signed since the end of January which block travel of non-citizens coming to the U.S. The list of restricted countries also includes mainland China, Iran, Ireland, the United Kingdom and Europe’s 26-country Schengen region.

MORE: Trump and Brazil’s Bolsonaro both downplayed coronavirus. Now Brazil faces a US travel ban

Most foreign nationals

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Airlines schedule major increase in flights in July as pressure mounts on ministers to ease quarantine

Airlines have scheduled a dramatic increase in flights in July in anticipation that Governments will lift travel restrictions for holidaymakers and save the industry from potential collapse, according to data seen by The Sunday Telegraph.

The companies which have already laid off tens of thousands of workers are banking on a “V-shaped” recovery by scheduling 161,200 passenger flights and 29.5 million seats for July, just eight per cent down on last year’s July timetables.

The strategy to open up business travel and holiday routes to hotspot favourites like Greece, Italy, France and Spain comes as most European countries are preparing

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FOMO Trading Driving The Rotation Towards Value Stocks

The stock market is continuing its unprecedented rally with the S&P 500 surging past the 3,000-point benchmark and the Dow Jones Industrial topping 25,000 for the first time since the beginning of March. Secular growth stocks had driven the last two months of the markets rally with the pandemic providing well-positioned tech companies with a rare tailwind. Now, investors are beginning to rotate towards cyclical and value names, which have yet to break out from the market’s initial crash.

Investors are starting to feel more optimistic about our economic condition as state economies begin opening, and another round of fiscal

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