Apr 10, 2018

Soldiers who massacred Rohingya men sentenced to 10 years hard labor

A police van arrives to court in Yangon in December. Photo: Myo Min Soe/AFP/Getty Images

Seven Myanmar soldiers were sentenced to "10 years in prison with hard labor in a remote area" for the massacre of 10 Rohingya men in September, Reuters reports.

Why it matters: Reuters journalists Wa Lone and Kyaw Soe Oo were arrested for reporting that story, and are now facing up to 14 years in prison. Per Reuters, the military said on Tuesday that the 10 men who were killed "belonged to a group of 200 militants who had attacked security forces," but witnesses tell Reuters there was no large attack, and that soldiers "plucked the 10 from among hundreds" of people.

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.