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NYPD: Man with gas cans arrested at St. Patrick’s church

Just days after flames ravaged the Notre Dame cathedral in Paris, a New Jersey man was arrested Wednesday night after entering St. Patrick's Cathedral carrying two cans of gasoline, lighter fluid and butane lighters, according to the New York Police Department.

The unidentified 37-year-old man had pulled up in a minivan outside the landmark cathedral on Fifth Avenue in Manhattan, walked around the area, then returned to his vehicle at 7:55 p.m. and retrieved the gasoline and lighter fluid, said NYPD Deputy Commissioner of Intelligence and Counterterrorism John Miller.

"As he enters the cathedral he's confronted by a cathedral security officer who asks him where he's going and informs him he can't proceed into the cathedral carrying these things," said Miller. "At that point some gasoline apparently spills out onto the floor as he's turned around."

Security then notified officers from the counter-terrorism bureau who were standing outside, Miller said. The officers caught up to the man and arrested him after he was questioned.

"His basic story was he was cutting through the cathedral to get to Madison Avenue. That his car had run out of gas," Miller said. "We took a look at the vehicle. It was not out of gas and at that point he was taken into custody."

"It's hard to say what his intentions were, but I think the totality of circumstances of an individual walking into an iconic location like St. Patrick's Cathedral carrying over four gallons of gasoline, two bottles of lighter fluid and lighters and lighters is something we would have great concern over," Miller said.

Miller said the suspect is known to police, who are currently looking into his background.

St. Patrick's Cathedral was built in 1878 and has installed a sprinkler-like system during recent renovations. Its wooden roof is also coated with fire retardant.

Source: Fox News National

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Pentagon Hasn't Discussed 'Cost Plus 50' Plan With Euro Allies

The Defense Department has not brought up with European allies President Donald Trump's controversial idea for countries to pay the full cost of stationing American forces on their land, plus 50 percent, a top Pentagon official told a House Armed Services Committee hearing Wednesday, The Hill reported.

Acting assistant secretary of Defense for international security affairs Kathryn Wheelbarger said the president's demand might have been raised with Pacific allies, but "it's not a conversation we've had in my portfolio at all."

In Trump's so-called "cost plus 50" formula, first reported by Bloomberg, he is demanding countries where American troops are based pay the full price of keeping those forces in their nation, plus another 50 percent, meaning they would have to pay at least five times more than they do now.

Former senior American military commanders have slammed the idea as a "colossal mistake" and "pure idiocy," according to Defense One.

Retired three-star general Ben Hodges, who was the most recent commanding general of U.S. Army Europe, said the idea "shows either a complete lack of understanding or a complete disregard for the value of the access we get from having bases in Europe . . . You can't defend America from Virginia, North Carolina, and California."

Politicians, including top Republican lawmakers, have also blasted the plan as harmful to American interests and its ties with needed allies.

House Republican Conference Chairwoman Liz Cheney added the proposal would be "absolutely devastating" to American diplomacy, according to The Hill.

Source: NewsMax America

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Border Patrol Official: Congress at Fault for Massive Caravan

National Border Patrol Council Vice President Hector Garza Thursday blamed Congress for a massive migrant caravan that is reportedly making its way through Mexico toward the United States' southern border.

“This caravan is no accident," Garza told Fox News' "Fox and Friends." "It’s actually the result of all these sanctuary policies. It’s the result of Congress not acting and continuing to encourage illegal immigration.”

The new caravan is estimated to contain up to 10,000 migrants, reports Fox, and Garza said the movement is happening because migrants are taking advantage of how the United States' immigration system processes people seeking asylum.

“President Trump is doing everything in his power to be able to stop this crisis but Democrats and some activists are just doing everything behind his back to undermine his authority,” he said.

Garza also noted that some Democratic presidential candidates, such as Sens. Bernie Sanders and Cory Booker have acknowledged that there is a crisis at the nation's border, but his question for them is what are they doing about it.

Meanwhile, Garza said President Donald Trump has drawn attention to the migrant surge and has held Mexico accountable "like no other president."

"They are moving and they are stopping some of these caravans because if not, the situation at the border will only get worse," he said.

Source: NewsMax Politics

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What Massive Consumer Debt Really Means for Americans

As we reported last week, consumer debt continues to break records month after month.

Americans owe over $4.3 trillion dollars in revolving debt (primarily credit cards), student loans and auto loans. When you factor in mortgages, the number climbs to $13.54 trillion. That figure was $869 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008 (right before the crash) and 21.4% above the post-financial-crisis trough reached in the second quarter of 2013.

But many mainstream analysts downplay this surge in debt. And on the surface, the numbers do seem to indicate the risk isn’t as big as it was prior to the 2008 financial crisis. But as Wolf Richter explains, the averages conceal a different reality.

There are three factors that lead some analysts to minimize the debt issue.

First, the population has grown by about 25 million people since the 2008 crisis. That means this record level of debt is spread across a larger population.  Second, the economy and incomes have both grown over the last decade. Third, price inflation devalues the dollar and skews all of the numbers.

So, if you measure consumer debt by percentage of GDP, it has dropped from about 100% of GDP during the run-up to the financial crisis to about 76% of GDP today. And if we look at the debt load per capita, it comes to about $41,000 per person today compared with about $41,800 in 2008. But when you factor inflation, the per capita debt load has actually fallen by 16% since ’08.

“So, on average and thrown all into one bucket, consumers have reduced their leverage and this makes the financial system less risky – on average. But those are averages spread across the country with all households thrown into one bucket. Given how income disparity and wealth disparity have surged since 2008, with the top portion of Americans doing exceedingly well and with the lower 40% struggling more than ever, these averages conceal the real risks, disguise real problems and give us a false sense of peace of mind about the American consumer.”

As Wolf Richter points out, it’s always the most vulnerable who get in trouble first – specifically those in the bottom 40% of the earnings scale. They don’t have any savings to cushion even short term problems such as a layoff or extended illness. This has always been the case. But Wolf points out a big difference today.

“In the Fed-inspired economy where zero interest rate policy and QE purposefully inflated all asset prices including stocks and housing, asset holders have become immensely rich and those households making income from the assets are getting richer.”

(Photo by TBIT/Pixabay)

But this isn’t the case for the bottom 40% of households. While the top 20 to 40% have gotten a “fabulous ride” since the Fed started QE and repressed interest rates, the bottom 40% face an entirely different scenario. Household incomes for the bottom 20 to 40% barely ticked up over the past decade to $35,400. The very bottom 20% actually saw their household incomes decline to $13,250.

“Those bottom 40% of households are the consumers who are most at risk and the past decade has done nothing for them … Those 50 million households are as much at risk and are as vulnerable as they were before the financial crisis.”

So, the 50 million households at the top average out the 50 million at the bottom and create the illusion at overall everything is fine.

“When we talk about consumers being less at risk on average, we’re not seeing the reality that the income and wealth disparities are leaving behind in their tracks.”

We also see a similar problem in the housing market. About a third of homeowners bought recently near the peak of the housing market, or have refinanced their mortgages and have very little equity built up. This third is very vulnerable to a downturn. These households are also averaged out when you look at national aggregates.

Consider that during the housing crisis, only about 10% of mortgages went into default. Many of these mortgages were held by investors who simply walked away when the math no longer worked out.

“Today, there are more investors in the housing market than ever, from mom-and-pop entities to big corporate entities. Cheap money and tax advantages have encouraged that.”

We’re already seeing some fraying in the subprime auto market with a record 7 million-plus Americans at least 90 days delinquent on their auto loans. In its last report, the New York Fed said performance in the auto loan sector is “slowly worsening.”

Flows into serious delinquency for credit cards is also on this rise, increasing by 5% in Q4 2018, up from 4.8% in the third quarter.

“These risks are just slumbering beneath the rosy averages for now waiting for the day to reemerge.”


Gerald Celente hosts to break down the latest forecasts patriots should be aware of.

Source: InfoWars

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War Room – 2019-Feb-25, Tuesday – Censorship Alert! Social Media Getting Prepared To Ban Political Speech

Less than 24 hours after Owen Shroyer made a Facebook page he was banned and no longer aloud to post or use Facebook. Meanwhile, the Vatican continues to cover up mass sexual abuse happening inside the Catholic church. More hate crime hoaxes exposed on the left while real hate crimes are ignored against Trump supporters.

GUEST // (OTP/Skype) // TOPICS:
Ali Alexander//Skype
Deanna Lorraine//Skype
Doug Hagmann//Skype
Leo Zagami//Skype

Source: The War Room

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2 Mississippi children drown, 1 rescued from locked vehicle

Two children have drowned and one was rescued after their mother locked them in an SUV and it rolled into a Mississippi creek.

Leland police told news outlets that officers were called shortly before 6 p.m. Saturday.

Twenty-five-year-old Jenea Monique Payne told police she left the children in the vehicle when she went into a convenience store. Payne said the vehicle was in the water when she came out.

Several people jumped in and managed to rescue 2-year-old Raelynn Johnson as the SUV floated away.

It was found around 8 p.m., with 4-year-old Steve Smith and 1-year-old Rasheed Johnson Jr. inside.

Assistant Police Chief Marcus Davis said Monday the case will go to the district attorney to decide possible charges.

Leland is about 85 miles (135 kilometers) northwest of Jackson.

Source: Fox News National

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Governor DeSantis issues order suspending 'unfit' Florida mayor who shot at deputies serving warrant

Florida Gov. Ron DeSantis issued an executive order on Friday suspending a mayor who reportedly opened fire on deputies serving a warrant, calling him “unfit” to serve.

DeSantis formally suspended Port Richey Mayor Dale Glen Massad  “effective immediately." According to reports, Massad fired shots at officers who were attempting to serve a search warrant over the alleged operation of an illegal medical practice at his home. This, though he has not had a license since 1992.

“Dale Glen Massad is clearly unfit to continue serving as mayor for the city of Port Richey,” DeSantis said in a statement.

FLORIDA SEN.  RICK SCOTT SLAMS OCASIO-CORTEZ, ENCOURAGES AMAZON TO MOVE TO FLORIDA

“It is in the best interest of the residents of the city of Port Richey and citizens of the state of Florida that Dale Glen Massad be immediately suspended from public office.”

Pasco County Sheriff Chris Nocco said that SWAT officers were dispatched to Massad’s home Thursday morning with a warrant related to allegations that he was still practicing medicine there.

State officials say Massad was treating patients at his home even though he had long since lost his physician's license. He and his girlfriend were arrested in August after deputies said they battered each other.

When officers approached, Massad opened fire, authorities say. Officers did not return fire and 69-year-old eventually surrendered.

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Nocco Massad has a history of drug use, violence and threats and owns several guns, which is why deputies raided the 3,200-square-foot, waterfront home rather than make a routine arrest.

Despite being elected mayor in 2015, Statute 112.51 of Florida law allows DeSantis to suspend an appointed official for “malfeasance, misfeasance, neglect of duty, habitual drunkenness, incompetence, or permanent inability to perform official duties.”

Fox News’ Lucia I. Suarez Sang and The Associated Press contributed to this report.

Source: Fox News National

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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