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NBA notebook: Texas Tech’s Culver declares for draft

FILE PHOTO: NCAA Basketball: Final Four-National Championship-Virginia vs Texas Tech
FILE PHOTO: Apr 8, 2019; Minneapolis, MN, USA; Texas Tech Red Raiders guard Jarrett Culver (23) speaks during a press conference after the championship game of the 2019 men's Final Four at US Bank Stadium. Mandatory Credit: Caylor Arnold-USA TODAY Sports

April 19, 2019

Texas Tech standout Jarrett Culver, the Big 12 Player of the Year, announced Thursday he will forgo his last two seasons in Lubbock and declare for the 2019 NBA Draft.

The 6-foot-5, 195-pound guard made the announcement during a press conference in Lubbock, Texas.

Culver helped lead the Red Raiders to a share of the Big 12 regular-season title and was effective in this year’s NCAA Tournament, where Texas Tech fell to Virginia 85-77 in overtime in the national championship game.

On the season, Culver averaged 18.5 points, 6.4 rebounds and 3.7 assists per game while the Red Raiders set a school record with 31 wins.

–Also announcing his plans to declare for the draft was 18-year-old Russian Nikita Mikhailovskii, according to a report by ESPN.

The 6-foot-8, 180-pound wing is trying to become the first Russian player drafted since 2013 when Sergey Karasev was chosen with the 19th pick by the Cleveland Cavaliers.

Mikhailovskii spent the past season playing in the mostly Russian VTB United League and FIBA Europe Cup, averaging 7.8 points in 16.8 minutes while shooting 43.9 percent from 3-point range in 45 games.

–The Memphis Grizzlies hired two former general managers to their front office, adding Rich Cho as vice president of strategy and Glen Grunwald as senior adviser.

Cho is a former GM of the Charlotte Hornets and Portland Trail Blazers, and Grunwald was GM of the New York Knicks and Toronto Raptors.

The Grizzlies demoted former GM Chris Wallace to a scouting role in a flurry of moves last week, including the firing of head coach J.B. Bickerstaff and the promotion of Zach Kleiman to executive vice president of basketball operations.

–Los Angeles Clippers assistant general manager Trent Redden reportedly is close to interviewing for a senior front-office role with the New Orleans Pelicans.

The Clippers gave the Pelicans permission to discuss the position with Redden, ESPN reported, citing league sources.

David Griffin, the Pelicans’ new executive vice president of basketball operations, worked closely with Redden when they with the Cleveland Cavaliers during their 2016 NBA championship season. ESPN’s Adrian Wojnarowski noted that Griffin is expected to be “aggressive” in pursuing Redden.

–Field Level Media

Source: OANN

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Trump’s economy ‘a little under’ 3 percent growth goal: Fed

FILE PHOTO: U.S. President Donald Trump gestures with Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve at the White House in Washington
FILE PHOTO: U.S. President Donald Trump gestures with Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria/File Photo

February 22, 2019

By Howard Schneider

WASHINGTON (Reuters) – The Trump administration will fall “a little under” its target of 3 percent annual growth of gross domestic product for 2018, the Federal Reserve said Friday in a report that offers an economic scorecard of sorts for the first full year of President Donald Trump’s term.

The verdict: Mixed, and possibly going in the wrong direction. By year’s end, the impact of tax cuts and other policies was waning, trade was detracting from growth and the federal deficit was wider.

On the upside, employment growth remained strong.

Though growth for the year was “solid,” the Fed said, gross domestic product “rose a little bit under 3 percent for the year as a whole,” shy of the pace White House officials have set as their touchstone for the success of the president’s policies.

Earlier this month White House economic adviser Larry Kudlow said growth would prove to be 3 percent in 2018 and at least that much for 2019 – a forecast the Fed also does not share.

The Fed said 2018 would prove “a noticeable pickup” from recent years, but outlined an array of headwinds, including a drop in business and consumer spending at year’s end, that could carry over into 2019.

FILLING THE VOID

The Fed’s estimate of last year’s growth fills a void left by the recent government shutdown, which delayed publication of the first estimates for fourth-quarter and full-year 2018 growth by the Bureau of Economic Analysis.

That official GDP figure is now due next week.

The Fed, however, in the meantime had to produce a full report to Congress under a law requiring the central bank’s chairman to appear on Capitol Hill twice a year to update lawmakers.

That appearance is next week, and in an accompanying report, released in advance, the Fed used its own sophisticated models to provide a bottom line for 2018.

Trump took office in January 2017, and by the end of that year had put a full suite of economic policies into play, including a $1.5 trillion tax cut, increased government spending, and an effort to reorder the global trading system in the United States’ favor.

White House officials said that would unleash spending and investment, fix the U.S. trade deficit, and improve the government’s balance sheet by yielding enough extra revenue to offset the tax cut.

And some that was true at first, according to the Fed, though the impetus seems to be weakening.

The strength of the labor market has been undeniable, with around 220,000 jobs added monthly on average in the last half of the year, sidelined workers coming back on the job, and falling unemployment rates “for all major demographic groups.”

But by year’s end consumers were pulling back, and a bump in business investment early in the year had “moderated,” while corporate spending plans, business confidence, and lower expected profits mean an even weaker investment climate ahead.

International trade, after a “strong performance” that boosted GDP early in the year, may end up as a net drag on the economy in 2018 after exports faltered late in the year and “growth in real imports seems to have picked up” despite the imposition of various tariffs.

As for the federal deficit, it widened to 3.75 percent of GDP in fiscal year 2018, which ended in October, compared to 3.4 percent the year before.

(Reporting by Howard Schneider; Editing by Andrea Ricci))

Source: OANN

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Vatican upholds sex abuse conviction against Guam archbishop

The Vatican has upheld its conviction of Guam's ousted archbishop for sexually abusing minors and has added a further penalty on appeal.

The Vatican announced the definitive decision against Archbishop Anthony Apuron Thursday. In doing so, it revealed for the first time that he had been originally convicted of sexually abusing minors.

The Vatican confirmed that conviction and the original sentence, which removed Apuron from office and prohibited him from living on the Pacific island. And in an additional penalty, the Vatican has prohibited him for life for using the insignia of a bishop.

Source: Fox News World

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Rivers rise in soggy South as days of rain flood roads

The waterlogged Tennessee Valley faces more rain and severe storms in coming days, even as flood predictions along the Mississippi River rise.

More than 30 school districts in Alabama, Mississippi and Tennessee closed Friday after days of rain left many roads flooded. A mudslide in western Kentucky is threatening buildings in a small town. The Tennessee Valley Authority says 10 inches (25 centimeters) of rain has fallen in parts of northern Alabama this week, floodwater is roaring through spillway gates on many of the federal agency's dams, and the river could crest at the highest level in decades.

"That's about two to three times the normal rainfall we get in the month of February just in the last week," said James Everett, the manager of TVA's River Forecast Center. "We're seeing some of the highest rates we've seen in many decades."

Heavy rain continued Friday morning, leading to flash flood warnings in a band across northern Mississippi and southern Tennessee, with more rain and possibly tornadoes through Saturday. The National Weather Service says the strongest chance of tornadoes Saturday will be in eastern Arkansas, northern Mississippi and western Tennessee.

Flash floods are creeping into homes in some places. In Bruce, Mississippi, local and state workers rescued people living in some homes Friday morning, and Calhoun County Sheriff Greg Pollan urged others to evacuate.

In many places, water is spilling out of creeks and streams, covering roads and fields. In Mississippi's northeast corner, Alcorn County Supervisor Steve Glidewell told the Daily Corinthian that floodwaters were washing out culverts and unpaved roads.

In Memphis, Tennessee, a park that sits along the Mississippi River on Mud Island has flooded, but there were no reports of homes threatened by high water. Trees weakened by consistent rain drenching saturated ground could pose a falling hazard.

In western Tennessee, Decatur County Sheriff Keith Byrd told WBBJ-TV that people were evacuating boats and campers from areas near the Tennessee River in Perryville.

In Hickman, Kentucky, a hillside gave way Wednesday in a mudslide, threatening two houses, including one that has been vacant since a 2011 mudslide. Interim City Manager Cub Stokes tells the Paducah Sun that officials are worried more rain could worsen the situation.

The Ohio River at Cairo, Illinois, could crest Sunday, with the Mississippi expected to peak at Memphis next week. In Vicksburg, Mississippi, where the river isn't expected to crest until later in March, city workers began erecting floodwalls Thursday.

Flooding is also a concern on smaller rivers in the flat Mississippi Delta, where floodwaters can spread for miles when rivers overflow.

___

Associated Press writer Adrian Sainz contributed from Memphis, Tennessee.

___

Follow Jeff Amy at http://twitter.com/jeffamy .

Source: Fox News National

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Report: Patriots, DE Bennett agree to reworked contract

FILE PHOTO: NFL: Philadelphia Eagles at Washington Redskins
FILE PHOTO: Dec 30, 2018; Landover, MD, USA; Philadelphia Eagles defensive end Michael Bennett (77) celebrates while leaving the field after the Eagles' game against the Washington Redskins at FedEx Field. The Eagles won 24-0. Mandatory Credit: Geoff Burke-USA TODAY Sports

April 2, 2019

The New England Patriots and newly acquired Michael Bennett agreed on a reworked contract that gives the defensive lineman a raise heading into the 2019 season, ESPN reported Tuesday.

The base value of the final two years of Bennett’s contract increases from $15.7 million to $16.75 million and includes a $4 million signing bonus, according to the report. Bennett, 33, will earn $3 million this season with $1.5 million in per-game roster bonuses. Bennett stands to earn a base of $7 million in 2020.

The move also frees up about $700,000 in cap space for the Patriots this season, giving the club $18 million overall.

“I love being a Patriot because, obviously, it’s all about winning. I think everything about the organization is about team-first. It’s just about doing what you need to do to get to where we want to go as a group,” Bennett said last month after the Patriots acquired him from the Philadelphia Eagles.

Bennett has 63 sacks over his 10-year career that started with the Tampa Bay Bucs. He posted nine sacks last season for the Eagles, his only season in Philadelphia.

Bennett spent the prime of his career with the Seattle Seahawks, starting every game he played in over his last four years there. He was selected to the Pro Bowl three consecutive seasons with Seattle.

Bennett has 118 tackles for loss and 13 forced fumbles in his career.

–Field Level Media

Source: OANN

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No 'financial ceiling' in search for missing in Mexico

Families of missing people swarmed Mexico's president Sunday after he vowed to ramp up efforts to identify thousands of bodies. They held pictures of their loved ones or pressed large envelopes with details of their cases into his right hand. A woman broke into tears between pleas for help.

The remains of at least 26,000 people are in government custody at forensic institutions across Mexico, waiting to be identified. Thousands more Mexicans are missing, their bodies presumed to be in clandestine graves. President Andres Manuel Lopez Obrador said Sunday his government will allot all the resources and manpower necessary - "there's no financial ceiling" - to identify remains and give families some sense of closure.

The task is monumental: Mexican authorities lack investigative capacity, and few crimes are solved; families themselves search unmarked graves for loved ones; and there's no nationwide database of DNA to help identify the thousands of remains collected by forensic workers.

Grotesque levels of violence are largely to blame - Mexican authorities opened 33,341 murder cases last year, the highest on record - but so are weak government institutions.

Lopez Obrador called the pile of missing persons cases "the saddest, most painful inheritance" his administration has received since taking office Dec. 1.

Lopez Obrador also said he feels the families' pain.

"When I go on tour, when I meet families - above all mothers - they pull me, they shake me, they cry. I bear it all because I know what they are suffering without their children and their loved ones," he said.

Guadalupe Fernandez is one of the many mothers searching for her son. Jorge Antonio Robledo Fernandez disappeared 10 years ago, while working as an engineer to build ovens for a steel company in northern Mexico. He was 32. If he's dead, she would like to at least find his remains.

On Sunday, as every day, Fernandez awoke thinking of what she could do to further the investigation into her son's whereabouts. She arrived hours before the president's speech and secured a front-row seat. She took heart in Lopez Obrador's promise to meet again in three months for a progress report on missing persons, and she felt satisfied, she said, having done something for her son "even on a Sunday."

"I'm going to continue to search for my son until my last breath," she said.

Source: Fox News World

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Taiwan leader tours Pacific allies, with Hawaii stopover

Taiwan President Tsai Ing-wen is visiting her island's diplomatic allies in the Pacific on a tour that will end with a stopover in Hawaii.

Taiwan's official Central News Agency says Tsai will travel Thursday to March 28 to visit Palau, Nauru and the Marshall Islands. She will transit through Hawaii on her way back.

Taiwan's list of allies has dwindled as countries choose instead to establish relations with Beijing, which considers the self-governing island part of Chinese territory.

Only 17 mainly small, developing countries still recognize Taiwan as a sovereign nation. The island split from mainland China amid a civil war in 1949.

Beijing has recently ratcheted up its rhetoric around "re-unifying" Taiwan, which has a democratic government, with the Communist Party-ruled mainland.

Source: Fox News World

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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