President: WhiteHouse and Federal Communications Commission proposal to allow cable-TV customers to buy their own set-top-boxes (cable-box) rather than being rented by cable providers. Many cable companies require their customers to rent their cable boxes costing an average $231 a year according to USA Today. “You could have set standards such that anyone could connect any box to their cable and those boxes could compete for lower prices and greater innovation” Jason Furman chairman of President Obama’s Economic Advisers.
Election: Last night Hillary Clinton and Bernie Sanders faced off in Democratic debate hosted by CNN in Brooklyn, NY. In battle for New York, former NY Senator Hillary leads with 53.1% over native home state Sanders with 39.3%. New York primary is April 19 and offers 247 delegates, Hillary in lead with 1,761 delegates and Sanders 1,073 delegates. Bernie Sanders is visiting Vatican City today to address issues on moral principles,the world economy, and environmental issues; but is not set to meet with Pope Francis.
Economy: GM (General Motors) seat belt defect calls for more than 1 million pickup trucks call back. Today GM has said it would recall for 2014-15 model Chevrolet Silverado and GMC Sierra 1500 pickup trucks. GM said, “the recall was prompted by warranty data that showed the flexible steel cable that connects the seatbelt to the vehicle can separate over time as a result of the driver repeatedly bending the cable when entering the seat.”
House of Reps: House Republicans are rewriting a bill to address Puerto Rico’s $73 billion debate crisis. Puerto Rico a U.S. territory is facing a fall back on its $422 million bond payment this upcoming May; as a result, Congress and WhiteHouse agree the island could suffer a financial collapse if Congress doesn’t step in to help. Puerto Rico can not file for Chapter 9 bankruptcy since it is only a territory only U.S. states can do that.
World: 7.0 magnitude earthquake strikes Kumamoto, Japan Saturday morning at 1:25 am. This is the second earthquake to hit Japan, Thursday’s earthquake struck the same region with a magnitude of 6.2 leaving nine people dead and more than 1,000 injured. Japan’s Meteorological Agency has issued a tsunami warning for the western coast.