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Williamson adds to haul, wins Wooden Award

NCAA Basketball: Final Four-Practice Day
FILE PHOTO: Apr 5, 2019; Minneapolis, MN, USA; Duke Blue Devils forward Zion Williamson accepts the Associated Press College Basketball Player of the Year award during a press conference for the 2019 men's Final Four at US Bank Stadium. Mandatory Credit: Shanna Lockwood-USA TODAY Sports

April 13, 2019

Zion Williamson’s freshman season at Duke didn’t end with a national championship, but he’s won just about everything else he’s been up for.

The likely No. 1 overall pick in June’s NBA draft on Friday added to his postseason hardware haul with the John R. Wooden Award, given to the nation’s top player.

The honor comes on the heels of Williams winning the AP and Naismith player of the year awards. He also earned first-team All-America honors from numerous outlets.

Williamson, 18, is the third freshman to win the Wooden Award, joining Kevin Durant (Texas, 2007) and Anthony Davis (Kentucky, 2012).

Williamson averaged 22.6 points and 8.9 rebounds per game with the Blue Devils, throwing down highlight-reel dunks seemingly every game, many of them ending up as viral sensations.

The Blue Devils went 32-6 this past season but lost to Michigan State in the regional final round of the NCAA Tournament.

During the awards show on ESPN on Friday night, Williamson drew laughter from the crowd when he replied, “Umm, who knows” when asked if he would join fellow Duke freshmen RJ Barrett and Cam Reddish in declaring for the draft.

Also during Friday’s show, the national position player of the year awards were announced:

–Bob Cousy Award (point guard): Ja Morant, Murray State

–Jerry West Award (best shooting guard): Barrett

–Julius Erving Award (small forward): Rui Hachimura, Gonzaga

–Karl Malone Award (power forward): Williamson

–Kareem Abdul-Jabbar Award (center): Ethan Happ, Wisconsin

On the women’s side, Oregon junior Sabrina Ionescu picked up the Wooden Award.

–Field Level Media

Source: OANN

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China denounces protectionism in swipe at U.S. trade policy

Chen Yulu, vice governor of the PBOC, attends a news conference during ongoing session of the NPC in Beijing
Chen Yulu, vice governor of the People's Bank of China (PBOC), attends a news conference during the ongoing session of the National People's Congress (NPC) in Beijing, China March 10, 2019. REUTERS/Jason Lee

April 13, 2019

WASHINGTON (Reuters) – Protectionism has harmed mutual trust among countries and limited the scope for multilateral cooperation, a vice governor of China’s central bank said on Saturday, taking a swipe at the Trump administration’s “America First” trade policies.

Chen Yulu, a vice governor at the People’s Bank of China (PBOC), urged the International Monetary Fund to continue supporting a rules-based multilateral trade system as tariffs play “only a limited role” in fixing bilateral trade imbalances.

“The protectionism of some countries has harmed mutual trust among countries, limited the scope for multilateral cooperation, and impeded the willingness to achieve it,” Chen said in a statement to the IMF’s steering committee during the IMF and World Bank spring meetings in Washington.

“Unilateralism and protectionism can only exacerbate domestic imbalances and impair necessary structural adjustments, which can negatively affect the countries concerned as well as global growth,” he said.

Chen also said China will continue to implement “prudent monetary policy and proactive fiscal policy,” to ensure its economic growth remains stable.

The comments came as Beijing and Washington seek a deal to end a bitter trade war marked by tit-for-tat tariffs that have cost the world’s two largest economies billions of dollars, disrupted supply chains and rattled financial markets.

Rising hopes of an agreement recently have lifted global stock prices, though the IMF has warned that failure to reach an agreement could trigger a big market backlash.

“Uncertainties from trade frictions, the negative impact of tariff increases on trade, and the disruptions of global supply chains have gradually emerged,” Chen said.

“Trade friction can also dampen market confidence, which in turn amplifies financial market volatility and has an impact on economic growth,” he said.

(Reporting by Leika Kihara; Editing by Paul Simao)

Source: OANN

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Joe Biden and Progressive Hypocrisy

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Source: InfoWars

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Report: Timberwolves to retain interim coach Saunders

FILE PHOTO: NBA: Oklahoma City Thunder at Minnesota Timberwolves
FILE PHOTO: Apr 7, 2019; Minneapolis, MN, USA; Minnesota Timberwolves head interim coach Ryan Saunders looks on during the second half against the Oklahoma City Thunder at Target Center. Mandatory Credit: Jesse Johnson-USA TODAY Sports

April 10, 2019

The Minnesota Timberwolves plan to offer interim coach Ryan Saunders a multiyear deal as early as this week, league sources told ESPN.

Saunders, 32, is the youngest head coach in the league. He took over when Tom Thibodeau was fired in early January and he has earned the endorsement of his players, most notably from All-Star center Karl-Anthony Towns.

The Timberwolves are 36-45 entering Wednesday night’s season finale at Denver, including a 17-24 mark under Saunders’ leadership.

Saunders will reportedly receive a three-year deal with a team option on the final season.

Saunders had been an assistant coach with Minnesota since 2014, after serving as an assistant with the Washington Wizards from 2009-14.

Saunders’ father, Flip, was the head coach of the Timberwolves from 1995-2005 and again in 2014-15. Flip Saunders guided the team to eight straight playoff appearances.

ESPN also reported that Timberwolves owner Glen Taylor plans to retain general manager Scott Layden, who has been with the team since 2016.

On Wednesday, the team announced it was starting its search for a president of basketball operations, a position that has been vacant since Thibodeau’s dismissal.

“In the absence of Tom, I want to thank all who picked up his responsibilities this past year. This includes Interim Head Coach Ryan Saunders, General Manager Scott Layden and our entire basketball staff for their efforts leading our team through the 2018-19 season,” Taylor said in a statement. “They worked through a season with many injuries requiring many challenges in our player lineup. We are incredibly grateful to them for all of their hard work and commitment to the franchise.”

–Field Level Media

Source: OANN

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Gillibrand says she misses Al Franken after playing prominent role in calling for his resignation

Sen. Kirsten Gillibrand, D-N.Y., said she misses her former colleague, Sen. Al Franken, D-Minn., but stood by her decision to call for his resignation as he faced several sexual misconduct allegations in 2017.

"We are all concerned about Senator Franken and frankly we all miss him," Gillibrand, a 2020 hopeful, said during an Iowa town hall on Thursday. "He was someone who really served us well on the Judiciary Committee and was a strong senator but the truth is that he had eight credible allegations against him."

Gillibrand added that she and other female Democrats "couldn't carry his water any farther." "I couldn't defend him," she added, citing her political efforts to end sexual assault on college campuses and in the military. She said that while Franken had a "right" to stay in Congress and sue his accusers, he alone decided to resign.

GILLIBRAND THE FIRST 2020 DEMOCRAT TO UNVEIL 2018 TAX RETURNS: SEE WHAT SHE MADE

"That was his decision and his decision alone. No member of Congress, no other senator can make another senator resign," she said. "We are only asked, 'what do you think?'" Gillibrand's decision reportedly angered more than a dozen prominent donors in her party, prompting some to refuse contributing to her campaign unless she became the Democratic nominee.

“Once the whole thing happened with Al Franken, it was confirmed one billion percent that she’s not to be trusted," a Manhattan donor told Politico. "I think that she hurt the Democratic Party. I think that she hurt the Senate. I think that what she did for women in politics was dreadful.”

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After her campaign announcement earlier this year, Gillibrand raised less money than most of the other candidates in her party. She also reportedly lacked support from her colleagues in her own state and a Fox News poll showed her lagging in the percentage of Democrats who would be satisfied if she became the party's nominee.

Source: Fox News Politics

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U.S. income inequality a ‘national emergency’: billionaire Ray Dalio

FILE PHOTO: China Development Forum in Beijing
FILE PHOTO: Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019. REUTERS/Thomas Peter

April 4, 2019

By David Randall

NEW YORK (Reuters) – Widening income inequality and under-investment in public education “pose an existential risk for the U.S.,” hedge fund billionaire Ray Dalio wrote in a paper released Thursday.

Dalio, who Forbes lists as the 57th-richest person in the world with an estimated fortune of $18.4 billion from founding hedge fund giant Bridgewater Associates, released a report Thursday in which he spells out the ways he sees capitalism as failing in the United States. In the report, Dalio advocates for an increase in investments in early childhood education, per-pupil spending, infrastructure, and public health measures in order to save it.

Chief among Dalio’s criticisms are the widening wealth gap in the United States, which he links to lower high school graduation rates, greater disparity in test scores, and lower teacher pay compared with those with similar education levels over the last three decades.

“To me, leaving so many children in poverty and not educating them well is the equivalent of child abuse, and it is economically stupid,” Dalio wrote.

The increasing use of automation to replace workers and the wealth-effect of lower interest rate policies by the Federal Reserve which have increased the value of equities and property will continue to compound this problem, which will make the 2020 presidential election “a hell of a battle,” Dalio wrote. Yet by taxing pollution and other societal ills, the United States can strengthen the capitalist system without replacing it, Dalio argued.

The move by Dalio to publish his essay comes approximately two months after Starbucks founder Howard Schultz, who Forbes estimates has a net worth of $3.7 billion, said he was considering a bid for the White House as an independent in order to address the “crisis of capitalism in this country.”

(Reporting by David Randall; Editing by Jennifer Ablan and Diane Craft)

Source: OANN

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Trump-Xi trade summit won’t happen in March, Mnuchin says

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies at U.S. House Ways and Means Committee hearing
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies at U.S. House Ways and Means Committee hearing on President Donald Trump's proposed budget in Washington, U.S., March 14, 2019. REUTERS/Mary F. Calvert

March 14, 2019

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Thursday that a trade summit between President Donald Trump and Chinese President Xi Jinping would not happen at the end of March as had been previously suggested because there was still more work to do in U.S.-China trade negotiations.

Speaking to reporters after a U.S. Senate hearing, Mnuchin also said he was not concerned about U.S. banks’ exposure to Britain’s banking sector amid uncertainty over the country’s looming exit from the European Union because institutions on both sides of the Atlantic were healthy.

(Reporting by David Lawder; Editing by James Dalgleish)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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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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