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Frustration grows among migrants in Mexico as support fades

Madison Mendoza, her feet aching and her face burned by the sun, wept as she said she had nothing to feed her 2-year-old son who she'd brought with her on the long trek toward the United States.

Mendoza, 22, said an aunt in Honduras had convinced her to join the migrant caravan, which she did two weeks ago in the capital of Tegucigalpa. The aunt said she'd have no problems, that people along the route in Mexico would help as they did for a large caravan that moved through the area in October.

But this time, the help did not come. The outpouring of aid that once greeted Central American migrants as they trekked in caravans through southern Mexico has been drying up. Hungrier, advancing slowly or not at all, and hounded by unhelpful local officials, frustration is growing among the 5,000 to 8,000 migrants in the southern state of Chiapas.

"What causes me pain is that the baby asks me for food and there are days when I can't provide it," said Mendoza, who fled Honduras with almost no money because she feared for her life after receiving threats from the father of her son. "I thought that with the baby, people would help me on road."

Members of the caravan in October received food and shelter from town governments, churches and passers-by. Drivers of trucks stopped to give them a lift. Little of that is happening this time. And local officials who once gave them temporary permits to work in Mexico, now seem to snare them in red tape. Truckers and drivers have been told they will be fined if caught transporting migrants without proper documentation.

Mendoza bathed her son, José, under a stream of water in Escuintla, a Mexican town 95 miles (150 kilometers) north of the Guatemalan border. It was the first time she has been able to bath the child since they left Tegucigalpa.

"I don't even have a peso," she said, teary-eyed. Many migrants are collecting mangos and fruits from trees along the route and sharing food among themselves.

Some 1,300 migrants spent the night in Escuintla and were heading north to the town of Mapastepec, Chiapas. Mendoza and José arrived in Mapastepec on Saturday. They joined thousands of stranded migrants waiting to see if local authorities provide them with a temporary permit or visa to work in Mexico or whether they would continue their trip to the U.S. border.

Heyman Vázquez, a parish priest in Huixtla, a community along the caravan's route, said local support for the Central American migrants has dried up because of an anti-migrant discourse that blames them for crime and insecurity.

"It is due to the campaign of discrimination and xenophobia created through social networks and the media that blames migrants for the insecurity in Chiapas," he said.

Oscar Pérez, who sells cooked pork in Ulapa, a village along the way, said people have become tired of supporting the migrants because of reports that "they've become aggressive." He acknowledged, however, that he doesn't know of anyone who has been attacked by a migrant.

The frustration felt by the migrants is affecting Geovani Villanueva, who has spent 25 days along with several hundred other migrants at a sports complex in Mapastepec waiting for a permit that would let him legally and safely travel north with his wife, two small children and four other relatives.

"I think it's a strategy by the government to wear us out," said Villanueva, 51.

The latest caravan is heading north during Holy Week in Latin America, when many activists organize processions to dramatize the hardships and needs of migrants. Caravans became a popular way of making the trek because the migrants find safety in numbers and save money by not hiring smugglers.

Mexico is under pressure from the Trump administration to thwart them from reaching the U.S. border. In April, President Donald Trump threatened to close the U.S.-Mexico border before changing course and threatening tariffs on automobiles produced in Mexico if that country does not stop the flow of Central American migrants.

U.S. border facilities have been overwhelmed by the number of migrant families. U.S. Customs and Border Protection announced recent that 53,000 parents and children were apprehended at the border in March.

Nancy Valladares, who is from the city of Progreso in Honduras, is part of the caravan that reached Mapastepec. She is traveling with her husband and two daughters in baby carriages.

She said the family hoped to reach the U.S. and find help for her 2-year-old daughter Belen, who she says was born with microcephaly due to a Zika infection, and cannot walk or talk.

Valladares complained that they weren't able to find anyone to give them a ride, and when her family and scores of other migrants climbed on to a truck-trailer in Escuintla, federal police forced them to get down and walk.

Tired and angry, many migrants no longer want to talk to reporters.

Villanueva, who owned several small stores back in Honduras, said he left his homeland because gangs had threatened to kill him after he refused to pay extortion.

He said he left to save his life and one thing is clear to him: there is no turning back.

---

AP journalist María Verza contributed to this report from Mexico City.

Source: Fox News World

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Barclays activist Bramson in fresh letter to investors over board seat

FILE PHOTO: A Barclays sign outside one of the bank's London branches
FILE PHOTO: A Barclays sign is outside a branch of the bank in London, Britain, February 23, 2017. REUTERS/Stefan Wermuth

April 15, 2019

LONDON (Reuters) – Activist Edward Bramson on Monday made a fresh plea for Barclays’ investors to give him a seat on the bank’s board, as the war of words between his fund and the lender’s management ratchets up.

Both camps have begun a back-and-forth courting of shareholders ahead of the bank’s May 2 annual general meeting as Bramson attempts to muscle in to decision-making at the company and push through his proposal for a strategic overhaul of Barclays investment bank.

After both issued statements last week laying out their case, New York-based Bramson again wrote to investors on Monday to say nothing Barclays had said had made him change his view about what needed to change at the bank.

“In our firm’s professional opinion, the stubbornly low valuation that the market accords to the shares of Barclays will continue until the board finally adopts a strategy that is more realistic and shareholder orientated,” Bramson said.

Barclays said last week that it plans to stick to its efforts to improve performance at the investment bank rather than scale it back in size.

Given that, Bramson reiterated his call to join the board.

“Our public investment record shows that we have consistently assisted boards, that were initially reluctant, to deliver major increases in value for all of the shareholders,” Bramson said.

“We believe that, given mutual goodwill, and some change in perspective, Barclays offers similar opportunities.”

(Reporting by Simon Jessop; Editing by Rachel Armstrong)

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Sony to beef up chip business with new engineers

The Sony logo is seen on a building in the Manhattan borough of New York City
The Sony logo is seen on a building in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri

February 21, 2019

TOKYO (Reuters) – Sony Corp said on Thursday it will assign 40 percent of its new engineer hires in Japan over the next two years to the chip business which includes imaging sensors, as it looks for growth from new applications in everything from cars to phones.

The allocation is in line with the company’s plans to invest 600 billion yen ($5.4 billion) in imaging sensors over the three years through March 2021, or half of the group’s planned capital expenditures.

Sony controls more than half of the imaging sensor market for smartphones, and the sensor business was a key driver of a turnaround for the conglomerate which in its heyday led the world in consumer gadgets.

Investors are looking for the next profit pillar as Sony’s gaming business shows signs of slowing, with its popular PlayStation 4 (PS4) console nearing the end of its lifecycle.

But the company cut its annual profit outlook for imaging sensors this month to 130 billion yen, accounting for just 15 percent of the group’s overall profit, due to weakening global demand for smartphones.

Sony plans to hire 320 new engineers annually in Japan this year and the next, up from 250 in 2018. The figures do not include those to be hired by overseas units.

Chipmakers have mostly maintained their long-term investment plans as they look to new technology such as fifth-generation (5G) communication networks and artificial intelligence to fuel growth in the industry.

SK Hynix Inc on Thursday said it would spend $107 billion building four memory chip factories in South Korea beginning 2022.

(Reporting by Makiko Yamazaki; Editing by Stephen Coates)

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Lajovic reaches maiden Masters final in Monte Carlo

ATP 1000 - Monte Carlo Masters
Tennis - ATP 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 20, 2019 Serbia's Dusan Lajovic in action during his match against Russia's Daniil Medvedev REUTERS/Eric Gaillard

April 20, 2019

MONTE CARLO (Reuters) – Serbian Dusan Lajovic reached his first Masters final when he mastered windy conditions to beat Russian Daniil Medvedev 7-5 6-1 in Monte Carlo on Saturday.

Lajovic, who will take on either 11-times champion Rafa Nadal of Spain or Italian Fabio Fognini, trailed 3-0 in the opening set before going through the gears.

The 10th-seeded Medvedev could not hold the pace as whirlwinds swept across center court at the Monte Carlo Country Club.

Lajovic quickly moved 4-0 up in the second set against a frustrated opponent, who bowed out on the second match point.

(Reporting by Julien Pretot; Editing by Clare Fallon)

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U.S. lawmakers press Trump administration on Central American aid

A migrant from Honduras watch other migrants' cellphones as they gather in an improvised shelter during a break in their journey towards the United States, in Escuintla
A migrant from Honduras watch other migrants' cellphones as they gather in an improvised shelter during a break in their journey towards the United States, in Escuintla, Mexico April 19, 2019. REUTERS/Jose Cabezas

April 23, 2019

WASHINGTON (Reuters) – The Republican and Democratic leaders of the U.S. House of Representatives Foreign Affairs Committee urged the Trump administration to reconsider its plan to cut aid to Central America, warning in a letter released on Tuesday that it could lead to increased Chinese influence.

The State Department said last month it would cut aid to El Salvador, Guatemala and Honduras after President Donald Trump sharply criticized them because thousands of their citizens had sought asylum at the U.S. border with Mexico.

“Assistance … is having positive results, and while improvements can be made, we believe that cutting assistance would be counterproductive and lead to increased migration flows to the U.S.,” Representatives Eliot Engel, the committee’s Democratic chairman, and Michael McCaul, its ranking Republican, said in a letter to Secretary of State Mike Pompeo.

Cutting the aid would also raise doubts over the reliability of the United States as a consistent partner and create a void that China and other adversaries will look to fill, they said.

World leaders are meeting in Beijing next week for a summit on China’s Belt and Road Initiative, which envisions connecting China with Asia, Europe and beyond with massive infrastructure spending. But it is viewed warily by Washington, which views the program as a way to spread Chinese influence and saddle countries with unsustainable debt.

Several members of Congress, where several lawmakers, including some of Trump’s fellow Republicans as well as Democrats, have rejected the plan, saying it was cruel to cut off aid to countries grappling with hunger and crime and more likely to increase the number of migrants than decrease it.

State Department officials did not immediately respond to a request for comment on the letter from Engel and McCaul.

Mark Green, the administrator of the U.S. Agency for International Development, told a Foreign Affairs Committee hearing earlier this month that the administration had no plan to change its decision until Trump is satisfied that the countries are doing enough to address migration.

Trump has made a hard line on immigration a central theme of his presidency, particularly regarding undocumented newcomers from Latin America via the southern border.

(Reporting by Patricia Zengerle; Editing by Susan Thomas)

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Man who tossed daughter off bridge found guilty of murder

A Florida jury on Tuesday found a man guilty of first-degree murder for dropping his 5-year-old daughter off a bridge four years ago.

Jurors in Clearwater, Florida, deliberated for about seven hours over two days before convicting John Jonchuck.

Jonchuck hugged his attorneys and said, "Yes, your honor," when asked if he understood that the verdict carries an automatic life sentence. He was then fingerprinted and taken out of the courtroom by bailiffs.

The Tampa Bay Times reported that no one from Jonchuck's family was in the courtroom when the verdict was announced. And no friends or relatives spoke on behalf of Phoebe or her father before the sentencing.

Jonchuck's lawyers had asked the judge to delay sentencing for a week because they have some issues to check. But when they failed to provide a reason, Judge Chris Helinger proceeded with the sentencing.

"I am satisfied that justice was done," the newspaper quoted Pinellas-Pasco State Attorney Bernie McCabe as saying. "My immediate reaction is killing children doesn't make one a very sympathetic character."

The judge thanked jurors for their attention during the monthlong trial. "There's no way I can express my appreciation for your service," she said. "I've never had a trial this long and I've been here about 12 years as a judge."

No one disputed that Jonchuck, now 29, dropped his daughter Phoebe 62 feet (18 meters) into Tampa Bay in January 2015, and that he had a long history of mental problems.

But prosecutors claimed his action was premeditated. Assistant state attorney Paul Bolan told jurors that Jonchuck was motivated by anger over worries that Phoebe's mother was going to take the girl away from him and his own mother's doting attention to her granddaughter when she had been inattentive to him growing up.

"It was rage that drove him to it on top of that bridge," Bolan said. "Did he know what he was doing, and did he know it was wrong? The answer is clearly yes."

But assistant public defender Jessica Manuele told jurors Jonchuck loved Phoebe more than anything else in the world and that there's no evidence he acted out of "unbridled anger."

His delusions led him to believe Phoebe was possessed and that the archangel, Michael, was coming, Manuele said. He poured salt outside her window to keep spirits away, she said.

At the moment he threw her off the bridge, "he thought he was protecting his daughter," Manuele said. "It will never make sense because it's insanity."

Twelve hours before Phoebe's death, Jonchuck's divorce lawyer, Genevieve Torres, called a state child protection hotline, fearing for the girl's safety, authorities said.

Torres told the Department of Children and Families operator that Jonchuck had driven to three churches in his pajamas with Phoebe in tow that morning, called Torres "God" and asked her to translate his stepmother's century-old Swedish Bible, which he carried and had become obsessed with. Jonchuck was also paranoid that Phoebe wasn't his child, Torres said.

But the operator thought the attorney was more worried about Jonchuck's safety than the girl's and did not report the call to authorities, they said.

Just after midnight the next day, Jonchuck's PT Cruiser raced past officer William Vickers, who was heading home from a shift in his patrol car. He started following Jonchuck, but never got close enough to read the license plate and didn't know Phoebe was inside, authorities have said.

As they reached the bridge's crest, Jonchuck stopped and got out. Vickers, fearing an ambush, stopped behind him, pulled his gun and yelled at Jonchuck to show his hands. He saw no weapon.

Jonchuck yelled at the officer, "You have no free will." He grabbed Phoebe from the back seat, held her over the side momentarily and then dropped her, according to police accounts.

Jonchuck drove off but was soon arrested. Vickers scrambled down a ladder to a dock below the bridge but couldn't see Phoebe in the dark water. A marine rescue boat was summoned, and her body was found hours later.

Source: Fox News National

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Polish leader: LGBT rights an import that threatens nation

The chairman of Poland's conservative ruling party, Jaroslaw Kaczynski, has called the LGBT rights movement a foreign import that threatens the Polish nation.

Kaczynski, Poland's most important politician, also said "everyone must accept Christianity" and that questioning the powerful Roman Catholic in Poland is unpatriotic.

The positions that Kaczynski took Wednesday in a lecture on patriotism in the central city of Wroclawek come ahead of elections next month to the European Parliament and a general election in Poland in the fall.

His Law and Justice party has made opposition to LGBT rights a campaign issue, which Kaczynski called "a direct attack on family and children."

Calling the LGBT rights movement "imported," he said it "actually threatens our identity, our nation, its continuation and therefore the Polish state."

Source: Fox News World

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

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Democratic presidential candidate Elizabeth Warren suggested that doctors and nurses don’t treat African American women the same way they do white women.

Warren appeared on Wednesday together with a number of other 2020 Democratic candidates at the She The People Forum in Houston, discussing issues concerning women of color.

WARREN’S $1.25T EDUCATION PLAN ‘SWEEPING’ GIVEAWAY TO THE WEALTHY AT EXPENSE OF THE POOR, WAPO EDITORIAL BOARD SAYS

The Massachusetts senator announced on stage a plan to decrease the childbirth mortality rate among black women while identifying a systematic problem with how they are treated.

“And there is a specific problem, as you rightly identified, for women of color who are three, four times more likely to die in childbirth,” Warren said.

“And here’s the thing, even after we do the adjustments for income, for education, this is true across the board. This is true for well-educated African American women, for wealthy African American women, and the best studies that I’m seeing put it down to just one thing, prejudice,” she added.

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

— Elizabeth Warren

CHARLIE KIRK: WARREN AND OTHER DEMS OFFER FREE MONEY – BUT DON’T TELL YOU PRICE WILL BE YOUR FREEDOM

Warren went on to get into details of her plan, noting that hospitals will be given bonuses if they manage to reduce the childbirth mortality rate among black women in an effort to give financial incentives for those doctors and nurses to provide better care.

“And if they don’t, then they’re going to have money taken away from them,” Warren added.

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“I want to see the hospitals see it as their responsibility to address this problem head-on and make it a first priority. The best way to do that is to use the money to make it happen because we gotta have change, and we gotta have change now.”

Source: Fox News Politics

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