Discover one of Southern California's premier wine destinations in Temecula Wine Country. With over 30 wineries you can enjoy wine tastings from award winning wineries, great food, concerts, and much more. Take a limousine wine tour, or a hot air balloon ride. More...
Fox News accused of running 'misleading' graphic on Donald Trump's unemployment record Fox News has attracted controversy after it posted a graphic on Twitter about unemployment rates which users have pointed out is "misleading". On the surface, it seems uncomplicated, comparing the rate of US unemployment under four presidents on the 100th day of their first administration: Donald Trump, Barack Obama, George W Bush and Bill Clinton. The graphic appears to present the Republicans - Mr Trump and Mr Bush - favourably, showing the jobless rate after the first three months of their presidencies stood at 4.5 per cent and 4.4 per cent respectively.
25 years after Los Angeles riots, progress and distrust live side by side By Alex Dobuzinskis and Dana Feldman LOS ANGELES (Reuters) - Twenty-five years after the acquittal of four Los Angeles police officers in the beating of black motorist Rodney King and the deadly riots that followed the verdict, an undercurrent of distrust pulses through a city that says it worked hard at police reform. Long before the advent of the Black Lives Matter movement, the name Rodney King became synonymous with the use of excessive force in policing minority groups. King, then 25, was battered by a squad of white officers after a traffic stop in March 1991, an incident caught in graphic detail on a bystander's video.
First Lady dedicates 'healing' garden at children's hospital WASHINGTON (AP) â€” Off in the distance, young patients can see the Washington Monument from the hospital's new rooftop "healing" garden, dedicated Friday by first lady Melania Trump as a place children and their families can breathe fresh air, "relax and enjoy in peace."
Russian flags rained down in a confetti-style protest during Trump's rally Trolling is mostly dumb, but sometimes it's an art.Â President Donald Trump held a rally in Pennsylvania on Saturday and, as he was speaking, someone tossed a bunch of tiny Russian flags, confetti-style, in front of the cameras streaming his speech to news networks.Â SEE ALSO: Russian refugees read powerful testimonials of gay men who escaped Chechnya As far as protests go, it certainly earns points for creativity.Â The Trump campaign and administration officials have had a lot of unexplained contact with Russian officials, much of which is currently under investigation. A former campaign manager allegedly laundered money for a Ukrainian political party with ties to the Russian government. The FBI got a surveillance court order in the summer of 2016 to watch a Trump adviser because of an investigation into links between the Kremlin and the current president's campaign. And if you're looking for more...oddities...they're not hard to find. The FBI is currently investigating the administration's ties to Russia, as are multiple bodies in Congress. Maybe this particular troll just wanted to remind us of that.Â WATCH: In stunning exchange, Trump refuses to answer question from CNN reporter
How hard is Appleâ€™s stock going to crash? Another day, another analyst shouting BUY BUY BUY on Apple's stock, based on the upcoming iPhone 8 launch. This week, Credit Suisse analystÂ Kulbinder Garcha raised his estimate for the firm's stock price to $170, based on his belief that "pent-up demand" for a new iPhone will create a "supercycle" of upgrades, sending Apple's profits into the stratosphere and investors into a tizzy. No-one's denying that Apple is going to make a dumpster-truck of money on the iPhone 8, and will continue being the world's greatest smartphone company, etcetera. But the size of the iPhone 8 launch, and the company's current valuation, is still being blown way out of proportion. Cast your mind back to November 2016: a simpler time, when we didn't know Donald Trump would be President, and Apple's stock was trading at $104. Today, it's at $143, and supposed to go to $170. Between then and now, the only significant thing that's changed is a bunch of rumors about the upcoming iPhone 8 launch. But somehow, based on that, Apple's perceived value has risen by over $250 billion and counting. Sure, Apple's services sectors are doing well, and Trump's tax plans could be more friendly to Apple. But analysts still seem to be betting that the iPhone 8 will create at least $100 billion in extra value over a "boring" iPhone launch. Let's put that in perspective. The iPhone 6 and 6 Plus launch, the last major iPhone refresh, saw Apple sell 300,000 more iPhones than the year before. During Q4 2016, the quarter in which Apple launched the iPhone 7, Apple collected $11 billion in net income. If the analyst's prediction is right and Apple's stock rises to $170, that puts Apple's market cap at nearly $900 billion. It was $585 billion in November 2016, which means that between November last year and the iPhone 8 launch, Apple will be $300 billion more valuable. So, the conclusion is one of these:
Pre-November last year, analysts and the stock market were undervaluing Apple by hundreds of billions of dollars, or;
The iPhone 8 and more iTunes sales are going to create $300 billion in extra value, or;
The current valuation of Apple is insane and based on gut feel and hype, rather than a sane economic valuation of the company.
To be clear, I still think that Apple's stock is going to go up when the iPhone 8 launches, and the company will remain in rude health for years. But a stock price and a market valuation isn't meant to be an arbitrary number that goes up and down, based on on quarterly results: it's meant to represent the value of a company, taking into account current assets, profits, and future perspectives. Unless Apple's entire future has got 60% better in the last year, analysts are guessing, rather than analyzing anything.
Italian elected new leader of Order of Malta A 72-year-old Italian medieval art expert was on Saturday elected to head the Order of Malta, the world's oldest chivalric order. Giacomo Dalla Torre del Tempio di Sanguinetto takes the reins for one year after Pope Francis ordered the resignation in January of the Order's Grand Master, Britain's Matthew Festing, following a power struggle. The influential Order of Malta, founded in Jerusalem and recognised by the pope in 1113, operates in around 120 countries and is one of the biggest landowners in Italy.
Delta Airlines Pilot Hits Passenger â€śWe became aware of this incident and a video last week and immediately removed the pilot from duty while we completed a thorough investigation,â€ť a spokesperson said.
Correction: Missing Children-Arkansas story MENA, Ark. (AP) â€” In a story April 27 about two missing Arkansas children, The Associated Press, relying on information from the Polk County Sheriff's Office, reported erroneously the age of one of the children. Reilly James Scarbrough is 9, not 10.
Former US Navy Seal Robert O'Neill describes the moment he 'shot dead Osama bin Laden' The former US Navy SEAL who killed Osama bin Laden has described the moment he claims he shot the al-Qaeda leader dead. Robert Oâ€™Neill, who claims to have fired the fatal bullets, has for the first time published a detailed account of the mission that lead to the 9/11 mastermind being gunned down in a secure compound in Abbottabad, Pakistan, in May 2011. In a dramatic extract from his new book, The Operator, published in the Mirror, the former Seal described the moment he fired two shots at Bin Laden and â€śsplit openâ€ť his head.