David's Feed
Apr 23, 2015

Judge orders Minnesota men held for trial on Islamic State charges

By David Bailey

ST PAUL, Minn. (Reuters) – A U.S. magistrate judge ordered four Somali-American young men held on Thursday pending trial on charges that they conspired to join Islamic State and fight for the militant group in Syria.

Zacharia Yusuf Abdurahman, 19, Adnan Farah, 19, Hanad Mustafe Musse, 19, and Guled Ali Omar, 20, are among a group of six Somali-Minnesota friends and relatives arrested Sunday.

Apr 20, 2015

Six Minnesota men charged with conspiring to support Islamic State

MINNEAPOLIS (Reuters) – U.S. authorities have charged six men from Minnesota with planning to join Islamic State and fight for the militant group in Syria, the U.S. attorney for Minnesota said on Monday.

Zacharia Yusuf Abdurahman, 19, Adnan Farah, 19, Hanad Mustafe Musse, 19, and Guled Ali Omar, 20, were arrested in Minneapolis on Sunday.

Apr 19, 2015

BOJ’s Kuroda says Japan inflation to ‘gradually accelerate’ toward target

By David Bailey

WAYZATA, Minn. (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Sunday the central bank expects inflation in Japan to “gradually accelerate” toward a target of two percent later this year as the impact of lower oil prices becomes less of a factor in the data.

“If underlying price dynamics (are) not what we are expecting than we do not hesitate to adjust or make additional monetary easing, but that is if necessary,” Kuroda told journalists in Minnesota after the spring meeting of the IMF and World Bank in Washington. “At this stage we don’t think it is necessary.”

Mar 6, 2015

U.S. appeals court puts Nebraska same-sex marriages on hold

By David Bailey

(Reuters) – A U.S. appeals court on Thursday put on hold a
federal judge’s ruling that would have allowed same-sex couples
in Nebraska to marry starting on Monday.

The order came hours after the U.S. Supreme Court said it
would hear oral arguments on April 28 on the question of whether
states have the right to ban gay marriage, as Nebraska does by a
state constitutional amendment.

Mar 2, 2015

U.S. judge rules Nebraska same-sex marriage ban unconstitutional

By Carson Vaughan and David Bailey

LINCOLN, Neb. (Reuters) – A federal judge on Monday ruled
Nebraska’s ban on gay marriage unconstitutional in a decision
that could allow same-sex couples to marry in the state within a
week.

U.S. District Judge Joseph Bataillon issued a preliminary
injunction in the case brought by seven same-sex couples in the
state, calling Nebraska’s ban an “unabashedly gender-specific
infringement of the equal rights of its citizens.”

Feb 26, 2015

U.S. judge rules for Vikings’ Peterson in NFL discipline case

MINNEAPOLIS (Reuters) – A federal judge on Thursday overturned the NFL’s suspension of Minnesota Vikings running back Adrian Peterson, who had pleaded no contest to charges of hitting his son with a switch, and sent the case back to the league’s arbitration process for resolution.

Despite the ruling, Peterson’s future with the Vikings remains unclear.

In a 16-page ruling, U.S. District Court Judge David Doty said National Football League Commissioner Roger Goodell acted beyond his authority in November when he suspended Peterson, the league’s most valuable player in 2012, until at least April 15.

Feb 7, 2015

NFL, players union spar in court over Peterson suspension

MINNEAPOLIS (Reuters) – The National Football League and its
players union argued in court on Friday over whether the child
abuse-related suspension of the league’s 2012 most valuable
player Adrian Peterson of the Minnesota Vikings should be
overturned.

U.S. District Judge David Doty said he would rule at a later
date in the NFL Players Association challenge to the suspension
of Peterson, which was handed down Nov. 18.

Feb 3, 2015

Fed should restart bond buys if inflation lags – Kocherlakota

By David Bailey

ST. PAUL, Minn. (Reuters) – The Federal Reserve should consider restarting its controversial bond-buying stimulus if inflation does not start moving back to 2 percent once downward pressure from the recent drop in oil prices dissipates, a top Fed official said on Tuesday.

The Fed should first promise to keep rates low until it is convinced inflation will return to its 2-percent goal within a year or two, and until market-based measures of inflation expectation have risen back to normal levels, Minneapolis Fed President Narayana Kocherlakota told reporters after a speech.

Jan 16, 2015

Minnesota Catholic archdiocese files for bankruptcy protection

MINNEAPOLIS, Jan 16 (Reuters) – The Roman Catholic
Archdiocese of St. Paul and Minneapolis filed for bankruptcy
protection on Friday, saying the move will allow its finite
resources to be distributed among victims and survivors of child
sex abuse by clergy.

The archdiocese, which has been criticized for its past
handling of clergy abuse cases, is the 12th Catholic diocese in
the United States to seek bankruptcy protection over sex abuse
claims. Most of the Minnesota cases date from the 1950s to the
1980s.

Jan 16, 2015

Fed’s Kocherlakota says must ‘give in’ to data on inflation

By David Bailey

GOLDEN VALLEY, Minn. (Reuters) – The Federal Reserve should take seriously signs that the U.S. economy could undershoot the Fed’s 2 percent inflation target for years, particularly given the appetite from abroad for safe assets, a U.S. central banker said on Friday.

Concerns over growth prospects are prompting people to buy U.S. assets, and “unless you provide more supply you are going to face an increase in the price of those assets, which shows up as a decline in the rate of inflation,” Minneapolis Fed President Narayana Kocherlakota said. “I think at some point you just have to give in to the data, both in the financial markets and what we see in the price of goods and services.”