Trump’s budget proposal includes huge cuts to food stamps

Trump’s budget proposal includes huge cuts to food stamps

The Washington Post reports that Trump’s budget slashes Medicaid by $800 billion over 10 years, meaning he’s on board with the House vision to reverse former President Obama’s expansion of the program to pay for health care.

Follow CNBC International on Twitter and Facebook. The House has voted to cut the Medicaid funding, but Senate Republicans have signaled they are likely to start from scratch.

The week ahead includes a lot of economic data as well as minutes from the last Federal Reserve meeting, an official analysis of costs of the Republican health care bill and the release of President Trump’s budget.

Trump has instructed his budget director, former SC congressman Mick Mulvaney, that he does not want cuts to Medicare and Social Security’s retirement program in this budget, Mulvaney recently said, but the plan may call for changes to Social Security Disability Insurance, seeking ideas for ways to move people who are able out of this program and back into the workforce.

President Trump’s budget proposal for 2018 will recommend cutting $1.7 trillion in mandatory spending, Axios reported on Sunday, citing a source with direct knowledge of the matter.

An earlier blueprint from Trump proposed a $54 billion, 10 percent increase for the military above an existing cap on Pentagon spending, financed by an equal cut to nondefense programs.

The proposed changes will be a central feature of Trump’s first comprehensive budget plan, which will be the most detailed look at how he aims to change government spending and taxes over his presidency.

The new cuts are unpopular as well, with Rep. Mike Conaway, R-Texas, chairman of the House Agriculture Committee, saying: ‘We think it’s wrongheaded. We’ll go to work from there, ‘ said Sen.

Congress must approve most of the plan’s changes before they can be enacted.

Those familiar with the plan are not authorized to discuss it by name and request anonymity.

The White House is expected to unveil its budget on Tuesday. He has already broken that promise on Medicaid by backing cuts to the program called for under the Obamacare repeal bill passed by the House on May 4. To achieve balance, the plan by White House budget director Mick Mulvaney relies on optimistic estimates of economic growth, and the surge in revenues that would result, while abandoning Trump’s promise of a “massive tax cut”.

Josh Archambault, a senior fellow at the Foundation for Government Accountability conservative think tank, said Trump’s proposal gives states flexibility to impose work requirements that could usher in changes to programs such as Medicaid and public housing.

An average of 44 million people received SNAP benefits in 2016, down from a peak of 47 million in 2013.

Will there be more details on Trump’s tax overhaul proposals?

DekaBank Deutsche Girozentrale Sells 2960 Shares of Foot Locker, Inc. (FL)

DekaBank Deutsche Girozentrale Sells 2960 Shares of Foot Locker, Inc. (FL)

Analysts expect that Foot Locker will post $5.29 EPS for the current year. The stock rose 3.24% or $1.9 reaching $60.61 per share. DekaBank Deutsche Girozentrale’s holdings in Foot Locker were worth $2,662,000 at the end of the most recent reporting period. Baird Financial Group Inc. now owns 5,475 shares of the textile maker’s stock worth $388,000 after buying an additional 32 shares during the period. Great West Life Assurance Co. For the quarter, shares are performing at 13.89%. Following the completion of the transaction, the senior vice president now owns 36,641 shares of the company’s stock, valued at approximately $2,729,754.50. Riverhead Ltd Liability has invested 0.24% in Foot Locker, Inc. Market capitalization is calculated by multiplying a company’s shares outstanding by the current market price of one share. Declares Quarterly Dividend Of $0.31 Per Share” published on May 16, 2017, published: “Foot Locker Inc. DnB Asset Management AS now owns 12,500 shares of the textile maker’s stock worth $846,000 after buying an additional 1,800 shares during the last quarter.

Foot Locker, Inc. (NYSE:FL)’s stock has performed at -17.17%. Systematic Financial Management LP now owns 139,627 shares of the textile maker’s stock valued at $9,898,000 after buying an additional 3,984 shares in the last quarter. Marshall Wace LLP acquired a new stake in Foot Locker during the fourth quarter valued at $8,577,000.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio. (NYSE:FL) was sold by Alviti Paulette on Monday, December 5. (FL) has the trading volume of 16.89 Million shares with the average trading volume of 4310 shares. Further back, their 200-Day Simple Moving Average is -15.01% difference from today’s price.

FL has a 1-year high price of $ 78.78 and 1-year low price of $50.05. The stock has a market cap of $7.79 billion, a PE ratio of 12.05 and a beta of 0.57. “(FL) Issues Earnings Results” was first published by BBNS and is the sole property of of BBNS. The textile maker reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.02.

The company’s expected revenue in the current quarter to be 2.02 Billion, seeing a projected current quarter growth of -0.7%, and per annum growth estimates over the next 5 year period of around 8.88%. The Return on Equity (ROE) value stands at 25.1%. While in the same Quarter Previous year, the Actual EPS was $1.39. Year to Date (YTD) performance of Foot Locker, Inc. Shareholders of record on Thursday, April 13th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.11%.

Among 23 analysts covering Foot Locker Inc.

ILLEGAL ACTIVITY WARNING: This story was first reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another website, it was stolen and reposted in violation of USA and worldwide copyright law. The original version of this piece of content can be viewed at (NYSE:FL) by some 22,774,659 shares, 301 decreased positions by 12,855,370 and 58 held positions by 98,221,025. For now, Foot Locker, the toast of Wall Street as its ABR stands at 1.80 with 11 out of 23 analysts rating the stock a buy. Finally, Wedbush restated an “outperform” rating and issued a $83.00 target price on shares of Foot Locker in a research note on Wednesday, May 17th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $79.02. Shares for $1.94M were sold by PETERS LAUREN B on Wednesday, March 8. Neely Rick sold 1,145 shares worth $1,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cheryl N. Turpin sold 2,000 shares of Foot Locker stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $74.50, for a total transaction of $596,000.00. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock worth $2,686,090 over the last ninety days.

Automobile Association stated it has 0.08% in Foot Locker, Inc. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers.

Sessions’ Justice Department goes all-in on sentencing

Sessions’ Justice Department goes all-in on sentencing

“They deserve to be un-handcuffed and not micromanaged from Washington“, he said.

Johnson and Harvey said federal prosecutors should be focused on large-scale drug trafficking organizations and cartels, and they said they see signs that the Justice Department under Sessions would aggressively pursue those cases.

Attorney General Jeff Sessions is promising to renew the federal government’s war on drugs, saying tough new sentencing policies are necessary to combat what he described as a surge of violent crime in cities. “It’s dumb on crime“, Holder said in a statement.

He says Sessions’ policy is “an ideologically motivated, cookie-cutter approach that has only been proven to generate unfairly long sentences”.

He added, “this administration reveals its lack of faith in their judgment and integrity”. It is just simply the right and moral thing to do. This takes away some discretion from pro.

“We favor a different approach which requires changing some of the existing federal laws”, Freedom’s Chairman Mark Holden said in a statement.

Eric Holder says Sessions is ignoring bipartisan support for sentencing changes in telling the nation’s federal prosecutors to charge the most serious crimes against most suspects.

The policy is an undoing of Obama-era policies that aimed to ease federal prison overcrowding and show lenience to lower-level, nonviolent drug offenders.

Sessions reminds prosecutors that they “should carefully consider whether an exception may be justified” if they do not think they should apply the new policy.

That would send more people to prison and for much longer terms by triggering mandatory minimum sentences. Whether or not this is the case, the change will affect everyone and make it very hard for drug users to get clean after being imprisoned and incurring a record that will affect all future employment, housing and education.

The move swiftly drew outrage from progressives.

“Congress has to act now and serve as a check on the egregious behavior of Sessions’ Justice Department”, said Collins.

“Our biggest concerns about Attorney General Sessions are becoming reality”. In doing so, Sessions upholds the strict anti-drug policy laid out by the president. This policy will destroy families.

The memo takes us back to the “War on Drugs” mentality that has led to our current age of mass incarceration, making the United States the world leader in the number of people incarcerated. He said the Obama administration embraced that philosophy and many conservative lawmakers, such as Sen.

The Sessions memo provides an out for prosecutors, with a few warnings.

“The Attorney General’s directive suggests that this long ugly era of mass incarceration now has eternal life. It exploded the prison population, didn’t help public safety, and cost taxpayers billions in enforcement and incarceration costs”. The NAACP is not ready to move backward. If not President Trump and Jeff Sessions are in for a rude awaking.

Obama administration officials cited that decline and a drop in the overall number of drug prosecutions as evidence that policies were working as intended.

Sessions’ opposite, “tough on crime” attitude, which he has espoused since the beginning of his tenure, is being widely compared to the 1970s “War on Drugs” that wreaked havoc on minority communities in previous decades.

Former Fox News CEO Roger Ailes dead, network says

Former Fox News CEO Roger Ailes dead, network says

Ailes resigned from Fox News last July in the wake of a series of sexual harassment allegations.

Long before Fox News, Ailes was a Republican operative who saw long before most what television could do for the party.

Fox News executive chairman Rupert Murdoch issued a statement on the death of Roger Ailes, saying the media giant was “shocked and grieved” by his passing.

“I am profoundly sad and heartbroken to report that my husband, Roger Ailes, passed away this morning surrounded by his lovely family”, the statement said. She called him “a loving husband” and “patriot”. Some of those cases cited Ailes and Fox News as defendants.

“In the years I worked with Ailes he was a great mentor, deeply patriotic, committed to Fox News and really anxious about America”, Gingrich, a Republican, wrote on Twitter.

Ailes died after a fall at his Palm Beach, Florida, home on May 10 caused bleeding on the brain, the Palm Beach County Medical Examiner’s Office said.

Former House Speaker Newt Gingrich is adding his voice to those mourning Fox News Channel founder Roger Ailes.

If an accused figure dies, lawyers say, it does not change much from the plaintiff’s point of view, as the primary or joint defendant is often the employer and a death does not mean plaintiffs lose their ability to pursue their claims.

Ailes received a severance package of about $40 million when he left Fox News, owned by Twenty-First Century Fox Inc, according to a source familiar with the situation.

“It is a tragic, sad morning”, Sherman told MSNBC on Thursday. “After all he built in his career, he for all practical purposes died alone”.

Mr Ailes served as a consultant to presidents from Mr Richard Nixon to Mr Ronald Reagan to Mr George H.W. Bush. In 2016, he joined the Donald Trump campaign as an adviser and assisted with debate preparation. He was beloved by many in the right-wing political sphere for bringing reactionary conservative thought to the mainstream, and he was also celebrated for his business acumen in turning Fox News into the top-rated cable news network. The network eventually unseated CNN as the highest-rated cable news network and became one of the most popular cable networks of all genres, reaching more than 90 million households.

The crowning achievement, however, was sullied in his final months by the charges of sexual misconduct.

WRAPUP 6-Trump tells Middle East to ‘drive out’ Islamist extremists

WRAPUP 6-Trump tells Middle East to ‘drive out’ Islamist extremists

“In an opening speech before the summit in Riyadh yesterday, the Saudi King said the meeting between the leaders of Arab and Islamic countries and President of the United States of America Donald Trump reflects keenness on enhancing cooperation and coordinating stances in various fields”.

Trump has shown a willingness to overlook foreign leaders’ human rights abuses.

Amir Hussain, a theological studies professor at Loyola Marymount University in Los Angeles, said he had come to “expect the worst” in light of Trump’s proposed travel ban affecting six predominantly Muslim countries, the real estate mogul’s anti-Muslim campaign rhetoric and his oft-cited remark made past year of “I think Islam hates us”. “Instead, we are here to offer pursue a better future for us all”.

The president’s address was the centrepiece of his two-day visit to Saudi Arabia, his first overseas trip since his January swearing-in.

Trump, speaking in Saudi Arabia, urged Muslim nations to join the United States against killing innocent people in the name of religion and the failure to take a firm and united stand against terrorism.

Mr Trump also promised that his country would help Gulf Arab states and other countries in the Middle East to crush the enemy (terrorist groups) for them. In the run-up to the speech in Riyadh on Sunday, Trump’s advisers had suggested he would substitute the more muted “Islamist extremism“.

Some of Trump’s wording on the issue also changed from his prepared remarks. The Hollywood Reporter reported that, since April, has inexplicably redirected to the president’s profile page on the White House website.

“This is not a battle between different faiths, different sects or different civilizations”, Trump said.

Both the original order and a second directive that dropped Iraq from the banned list have been blocked by the courts.

While Obama and Trump both were making the point that the US and the Muslim world share a common goal of fighting terrorism, Obama also sought to show an affinity for Muslim culture. “Together”, they proclaim, “we will prevail”, a slogan that boats of a renewed military and economic bond between the USA and Saudi Arabia.

Just as Obama had asked that extremists be “isolated and unwelcome in Muslim communities”, so Trump asked Islamic countries four times to “drive them out”.

“Drive them out”, he repeated of the terrorists.

Obama called for understanding and acknowledged some of America’s missteps in the region. That speech was denounced by many Republicans and criticized by a number of the United States’ Middle East allies as being a sort of apology. The president also touched on trade and investment, and Saudi Arabia’s 2030 plan for reform.

The king has lavished praise and all the trappings of a royal welcome on the new American president, welcoming, in particular, Trump’s pledge to be tougher on Iran than Obama was.

Introducing Trump, Saudi King Salman described their mutual foe Iran as the source of terrorism they must confront together. The White House-driven effort is a sharp shift from the practice of US previous administrations that typically gave secretaries of state those reins. He’s been besieged by a series of revelations about the ongoing federal investigation into his campaign’s possible ties to Russian Federation and his decision to fire FBI director James Comey, who had been overseeing the Russian Federation probe.

USA Today quoted a June 2016 Facebook posting in which Trump said, “Saudi Arabia and numerous countries that gave vast amounts of money to the Clinton Foundation want women as slaves and to kill gays”.

While hosting Abbas at the White House in March, Trump boldly stated that achieving peace is “something that I think is, frankly, maybe not as hard as people have thought over the years”.

On Sunday he met Arab leaders including Egyptian President Abdel Fattah al-Sisi, Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and Bahrain’s King Hamad.

Trump signed deals worth almost $400 billion. As the participants laughed, Trump responded: “I agree”.

Dr. Faisal Qazi, a social activist who lives in Fullerton, said arming authoritarian regimes like Saudi Arabia will not serve to combat extremism. Still, he did make a pitch for women’s equality in male-ruled Muslim nations, a theme that may reflect the influence of his daughter, Ivanka.

USA admiral: North Korea’s actions ‘recipe for disaster’

USA admiral: North Korea’s actions ‘recipe for disaster’

US President Donald Trump is looking forward to working closely with his South Korean counterpart Moon Jae-in and is willing to make peace with North Korea through engagement if the conditions are right, according to a top Seoul envoy.

On Wednesday, Moon said he would never tolerate North Korea’s nuclear and missile provocations, and called on military readiness of a “combined U.S”.

On Sunday, North Korea launched what appeared to be its longest-range ballistic missile yet, saying it was capable of carrying a “heavy nuclear warhead” in a test aimed at bringing the United States mainland within reach.

Foreign ministry spokesman Cho June-hyuck told a regular briefing: “The fact that Trump said he will not have talks for the sake of talks reiterated our joint stance that we are open to dialogue but the right situation must be formed”.

The two Koreas – technically still at war after the 1950-53 conflict ended only with a ceasefire instead of a peace treaty – have occasionally clashed along the border.

The weekend launch was the first since a new liberal president took office in South Korea. However far apart the United States and South Korea are with the North, Pyongyang may finally have the leverage it wants to negotiate.

Haley was asked about comments by Russian President Vladimir Putin in Beijing on Monday who called North Korea’s nuclear and missile tests “unacceptable” but also said the United States should stop intimidating Pyongyang.

Haley said the Security Council is going to send a strong and unified message to North Korea that “the global community wants to support you but as long as you test, and as long as you continue your nuclear program, you are on an island by yourself”.

North Korea carried out another ballistic missile test last Sunday (May 14), resisting calls to suspend its weapons program.

China has been infuriated by the USA deployment of an advanced Terminal High Altitude Area Defense (THAAD) anti-missile system in South Korea, saying it was a threat to its security and would do nothing to ease tensions with Pyongyang. But he did not shy away from the potential consequences of the continued escalation of rhetoric and testing emanating from North Korea.

UNITED NATIONS North Korea’s deputy U.N. envoy said on Friday that the United States needed to roll back its “hostile policy” toward the country before there could be talks between the pair.

Russian Federation and China have opposed the THAAD deployment, calling on the all parties to find a peaceful solution to the hazardous situation in the region.

Trump warned this month that a “major, major conflict” with North Korea was possible, and in a show of force, sent the Carl Vinson aircraft carrier strike group to Korean waters to conduct drills with South Korea and Japan.

“In order to diffuse the tension on the Korean Peninsula, the USA must withdraw its forces from South Korea, stop its joint military games with South Korea and conclude a peace agreement with North Korea”.

Real Madrid in Champions League final despite defeat

Real Madrid in Champions League final despite defeat

Atletico were boosted on Sunday by the return of defender Jose Gimenez to training although they are still without right backs Juanfran and Sime Vrsaljko, who they missed badly in the first leg as they struggled to cause Real’s defence any problems.

Zinedine Zidane insists he will have no divided loyalties after leading Real Madrid to a second consecutive Champions League final where they will meet his old club Juventus on June 3.

If Los Blancos can defeat Juventus in the final they will become the first team in the Champions League-era to successfully defend the title.

Atletico roared into a two-goal lead in the semi-final second leg with a Saul Niguez header and Antoine Griezmann’s penalty, but Isco notched in the 42nd minute for Real who saw out the game calmly to lose 2-1 on the night and ease into the final.

In reality Atletico were anything but good at the Bernabeu, managing just one shot on target, a fact acknowledged by their manager Diego Simeone.

Juventus star Paulo Dybala said he would have liked to play with Zinedine Zidane ahead of next month’s Champions League final against Real Madrid in Cardiff.

They have a game in hand, however, which is against Celta Vigo on Wednesday and seven points from their final three matches will see them lift a first title since 2012.

“We are getting closer and closer to the goal”.

Madrid sports daily reported on Saturday that Zidane is set to be handed a contract extension to 2020 as a reward for his spectacular success since taking charge in January a year ago.

Next up for Real is a tough home fixture against Sevilla, where they will be looking to extract revenge after Jorge Sampaoli’s men won 2-1 back in January. Most believe he is the next great player for Spain.

“We’re in this position because of how we’ve worked all season but we want to keep working and think about what we have left to do”.

“At the moment Gareth is recovering. we have time before the final”, he said.

“We have all won, we have taken another step in belief”.

Atletico were inspired by a sensational atmosphere on their last ever Champions League game at the Vicente Calderon before moving to the new 67,000 capacity Wanda Metropolitano next season.

‘I hope he’s ready before and I hope he can be with us more than anything. “We have to be proud of the players”.

Switzerland’s Clariant, Huntsman of US in chemicals merger

Switzerland’s Clariant, Huntsman of US in chemicals merger

Huntsman holders will get 1.22 shares in the new company, to be called HuntsmanClariant, for each share they own, with Clariant emerging with a 52 per cent stake, the two companies said in a statement yesterday.

Peter Huntsman, the son of the company founder, will become chief executive of the combined group while Clariant CEO Hariolf Kottmann will be its chairman.

Peter Huntsman will hold the same title at the combined group. It will save $400m (€357m) per year in costs within two years of the deal closing after a one-time cost of up to $500m (€447m).

The new entity’s global headquarters will be in Pratteln, Switzerland, and its operational headquarters will be in Texas. Combined they would generate annual revenue of more than $13 billion. “It comes as no surprise to see Clariant executing on a merger of equals, it has needed to participate in a major deal for some time, yet management have been steadfast in their refusal to either stretch its balance sheet or to sell the company”. The deals are also meant to help the companies combine resources to bolster the research and development for new products.

Huntsman also is in the process of spinning off its titanium dioxide business into a separate firm named Venator. It will have a significantly improved growth profile in highly attractive end markets and geographies.

USA stocks rose on Monday as the stock market bounced back from a turbulent previous week. Its advances have been repeatedly rebuffed, and the next week or so is expected to be crucial in determining whether the deal happens. A $130 billion merger and three-way split between the USA groups Dow and DuPont is underway, while the industrial-gases groups Linde and Praxair are seeking to combine.

The overall value of cross-border M&A deals between the USA and Europe is up 82 percent on the same period a year ago, according to Thomson Reuters data, and the highest over the same timeframe since at least 2007. Vitamin C factories are underfunded due to the low price in recent years, resulting in a strong desire to raise prices.

Clariant reported 2016 sales of $6 billion and EBITDA before exceptional items of $911 million.

The new company will accelerate value creation for shareholders through a more robust combination of technology, products and talent.

Jon Huntsman left Dow Chemical Co. nearly a half-century ago to start his own company, eventually founding the predecessor to Huntsman Corp. Since then, the company has made a series of acquisitions and joint ventures in Europe, India and China as part of its global expansion plans.

Clariant is a speciality chemicals company, formed in 1995 as a spin-off from former pharmaceutical company Sandoz.

Analysts have speculated that Clariant needed to add bulk to compete in the specialty chemicals market, and there’s been speculation in the past year that it would either be an acquirer or an acquisition target.

The Bill O'Reilly Comeback Could Start With These TV Networks

Bill O’Reilly reportedly has various options when it comes to a 2.0 version of The O’Reilly Factor (assuming he still holds rights to that name) on another television network. His TV career comeback could start sooner rather than later. O’Reilly presided over the top-rated show on the cable news network for 15 years prior to his exit from the Fox News Channel on April 19. Up until recently, the powerhouse Fox News prime-time lineup buried MSNBC and CNN. The news anchor got into hot water after the New York Times reported that he or his employer paid out $13 million to confidentially settle sexual harassment claims by five women, and advertisers started bailing on The O’Reilly Factor. After 21 years, the Murdoch family decided to cut ties with the news anchor, who had recently re-upped on new long-term contract, on April 19 while O’Reilly was vacationing in Rome. It’s unclear at this point whether the revamped Fox News post-O’Reilly, prime-time schedule will be able to hold on to his massive audience given all the turmoil and musical chairs. With that in mind, an opening could exist for a populist-oriented Fox News competitor to emerge, especially one featuring a new program anchored by Bill O’Reilly. O’Reilly was one of the first hires of Roger Ailes, the FNC founder/CEO who passed away last Thursday and who also left the network under a cloud. According to the New York Times, FNC paid O’Reilly $25 million to go away without requiring a non-compete clause in return. [Image by Andy Kropa/Invision/AP Images] Since his FNC departure, O’Reilly, 67, launched the “no-spin” podcast and began a weekly phone-in segment on Glenn Beck’s TheBlaze show. From the sound of his dialogue with Beck, Bill O’Reilly is totally engaged and in no way planning to hang it up. Among the landing spots for O’Reilly as a news and commentary anchor include (but obviously aren’t limited to) the One America News Network, Newsmax TV, and the Sinclair Broadcast Group, the Times noted, all of which are conservative leaning. San Diego-based OANN, which reportedly has already been in contact with O’Reilly, was the former home of Tomi Lahren before her ill-fated move to TheBlaze. Florida-based Newsmax is expanding from 10 million to 35 million homes this summer (still far less than FNC), and its CEO Chris Ruddy expressed interested in discussing the possibility of bringing O’Reilly aboard. Sinclair, another potential contender, is in the process of buying Tribune Media and is already said to be the largest TV station group in America. Given his wealth, which also includes his series of best-sellers and his “The Spin Stops Here” tour with comedian Dennis Miller and FNC protege Jesse Watters, O’Reilly has no need, however, to rush back to the studio to pay his mortgage or keep food on the table. Related Inquisitr story: Roger Ailes’ Son Vows To Bring Hell Down On Dad’s Accusers O’Reilly’s next move has yet to be nailed down, however, the Times explained, in part because of the sexual harassment accusations. “Whether Mr. O’Reilly would go any of those routes, and whether the advertising boycott that contributed to his Fox ouster would make picking him up prohibitive, remains to be seen. (Mr. O’Reilly’s representatives declined to comment on his plans).” The Times suggested that a Newsmax-Sinclair joint venture for O’Reilly’s services might materialize. “It’s conceivable that Newsmax, with Mr. O’Reilly in its stable, could simulcast its programming on Sinclair’s digital channels. It’s equally possible Sinclair could buy Newsmax outright and combine it with the WGN America cable network it would acquire in the Tribune deal, though Mr. Ruddy said he had no plans to sell. (Sinclair had no comment other than to say it was not seeking to hire Mr. O’Reilly.)” [Image by Richard Drew/AP Images] In a recent exchange with Beck, O’Reilly asserted — perhaps alluding to both his own situation and that of his former boss Ailes — that the media industry is all about money, and that anybody who gets in the way of that income stream will quickly find themselves on the outside looking in. O’Reilly has previously argued that his departure from Fox News was part of an orchestrated campaign by a left-wing cabal and that he will be bringing forth more information to corroborate same in due course. Do you think Bill O’Reilly will be back on the air soon with a new network that could compete with Fox News for market share? [Featured Image by Jim Cooper/AP Images]