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Johnson out after four years as Alabama coach

NCAA Basketball: SEC Conference Tournament-Kentucky vs Alabama
Mar 15, 2019; Nashville, TN, USA; Alabama Crimson Tide head coach Avery Johnson reacts during the second half against the Kentucky Wildcats in the SEC conference tournament at Bridgestone Arena. Mandatory Credit: Christopher Hanewinckel-USA TODAY Sports

March 24, 2019

Alabama and basketball coach Avery Johnson parted ways Sunday, just three days after the Crimson Tide suffered an opening-round defeat on their home court in the NIT.

The two sides had spent the past few days negotiating a buyout of Johnson’s contract, though no terms were announced on Sunday.

“After meeting with Coach Johnson, we made the decision to mutually part ways,” Alabama athletic director Greg Byrne said in news release issued by both Johnson and the school. “This was not an easy decision, and we thank him for his contributions over the past four seasons. We wish Coach Johnson and his family the very best.”

Alabama will begin the search for its next coach immediately, according to the news release. Assistant coach John Pelphrey will serve as head coach in the interim.

“I would like to thank The University of Alabama, Bill Battle and the Board of Trustees for providing me the opportunity to serve as the head basketball coach,” Johnson said in the release. “I’d also like to thank President Bell and Greg Byrne, our assistant coaches, support staff, the fans and student body for making this such a special experience for me and my family. Finally, and most importantly, I’d like to thank all of the players and parents. It was an honor and privilege to work with these young men and their families. This was an opportunity of a lifetime.”

The SEC now has three openings for a head basketball coach: Alabama, Texas A&M and Vanderbilt.

The top-seeded Crimson Tide were stunned 80-79 in overtime at home by Norfolk State on Wednesday night.

Johnson, who turns 54 on Monday, became Alabama’s coach in 2015, but the Crimson Tide have made just one NCAA Tournament in his four seasons at the helm.

Johnson’s contract ran through 2023 and was set to pay him approximately $3 million annually. It called for the school to pay him $8 million if was fired without cause before April 15, but fell to $6 million after that.

In his four seasons at Alabama, Johnson went 75-62, with a 34-38 conference record.

As an NBA coach, Johnson has a 254-186 record over stints with the Dallas Mavericks and New Jersey/Brooklyn Nets. He was the NBA Coach of the Year following the 2005-06 season, when the Mavericks finished 60-22 and won the Western Conference title.

–Field Level Media

Source: OANN

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Boeing 737 MAX deliveries in limbo after deadly crash: sources

American civil aviation and Boeing investigators search through the debris at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu
American civil aviation and Boeing investigators search through the debris at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 12, 2019. REUTERS/Baz Ratner

March 14, 2019

By Conor Humphries and Eric M. Johnson

DUBLIN/SEATTLE (Reuters) – Deliveries of Boeing’s best-selling 737 MAX jets were effectively frozen on Wednesday, though production continued, after the United States joined a global grounding of the narrowbody model over safety concerns, industry sources said.

The 737 MAX is banned from flying in most countries across the world following an Ethiopian Airlines crash on Sunday that killed all 157 people on board. It was the second deadly incident for the relatively new Boeing model in five months.

Airlines, aircraft industry experts and financiers said that although the ban would theoretically not prevent some domestic deliveries, most airlines would avoid taking a jet banned from entering service on the wake of two crashes in five months.

“Who is going to take delivery of a plane they can’t use,” said an aviation financier, asking not to be named.

Boeing produces 52 aircraft per month and its newest version, the MAX, represents the lion’s share of production, although Boeing declined to break out exact numbers.

Boeing is expected to continue with production of the 737 at its factory outside Seattle, and has been planning to speed up production again in June.

Manufacturers avoid halting and then speeding up production as this disrupts supply chains and can cause industrial snags. But having to hold planes in storage consumes extra cash in increased inventory.

Each month of the grounding could cost Boeing around $1.8 billion to $2.5 billion in delayed revenue, according to analyst estimates, although that could be recouped once the ban is lifted and the planes are delivered.

Boeing in January provided guidance it would report $109.5 billion to $111.5 billion of revenue in 2019.

Asked how the global grounding of the 737 MAX would impact deliveries, a Boeing spokesman said: “We continue to assess.”

Boeing’s main U.S. customers — Southwest Airlines Co, American Airlines Group Inc and United Airlines — declined comment. So far they have voiced their confidence in the safety of the MAX.

“Although this MAX crash is clearly ‘bad news’ for Boeing, we think the company will ultimately battle through,” Vertical Research Partners analyst Robert Stallard said in a client note.

COMPENSATION

Boeing has already been working through supplier delays on engines from CFM International, a joint venture between General Electric Co and France’s Safran SA, and fuselages from Spirit AeroSystems Holdings Inc that led to dozens of planes being parked outside its Renton, Washington factory last summer.

This week, at least three freshly built 737s were parked at or near the factory with yellow weights hanging in the place of engines, signs of lingering issues, according to a person with direct knowledge of the matter.

“We are still a few weeks behind the requirement, but have a line of sight to be back on track in the second quarter of this year,” CFM spokeswoman Jamie Jewell said.

Boeing’s 787 Dreamliner was grounded for 123 days in 2013 after its lithium-ion battery packs caught fire. The jet went on to become a popular twin-aisle with a strong safety record.

Aircraft contracts do not typically contain a clause that automatically allows airlines to claim compensation for a regulatory action like a grounding.

However, planemakers do sometimes pay out compensation to cover the cost of financing when an airline is left without a promised airplane, said a senior industry source.

Even then, they generally balk at paying for other indirect costs borne by the airline.

UK-based aviation consultancy IBA estimated the financing cost of a 737 MAX at $360,000 a month or $12,000 a day.

Norwegian Air said on Wednesday it would seek compensation from plane maker Boeing for costs and lost revenue due to the 737 MAX 8 grounding.

Stallard said it was very difficult to estimate the amount of compensation Boeing would provide customers.

He added it would be impractical for airlines to try to switch their orders to the rival Airbus SE A320 narrowbody because there were no delivery slots available for a few years.

(Reporing by Conor Humphries in Dublin and Eric Johnson in Seattle; Additional reporting by Jamie Freed in Singapore, Tracy Rucinski in Chicago, Tom Westbrook in Sydney, Cindy Silviana in Jakarta, Heekyong Yang in Seoul, Aditi Shah in New Delhi, James Pearson in Hanoi and Alwyn Scott in New York; Writing by Tracy Rucinski; editing by Tim Hepher and Michael Perry)

Source: OANN

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Thousands of Albanian protesters call for govt to step down

Albanian opposition supporters are holding a protest against the government which they accuse of being corrupt and linked to organized crime.

Thousands of supporters of the center-right Democratic Party-led opposition have gathered on Saturday in front of Socialist Prime Minister Edi Rama's office to demand his resignation.

The opposition, whose lawmakers have relinquished their seats in parliament, declines to dialogue with Rama, asking for a transitory Cabinet without him to prepare early elections.

The United States and European Union have warned the opposition against using or inciting violence and to sit down for talks.

Recent rallies have turned violent, with police deploying tear gas.

Albania hopes to get the EU's approval in June on launching membership negotiations.

Source: Fox News World

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'First in the nation' election tradition in New Hampshire at risk

DIXVILLE NOTCH, N.H. — Every four years, at the stroke of midnight, a small New Hampshire town 20 miles south of the Canadian border with fewer than a dozen residents is thrust into the national spotlight.

The town of Dixville Notch comes together to cast its primary votes all at once, the minute the polls open, billing itself as the very first in the nation.

"Every four years, Dixville voters get their five minutes of fame," said Tom Tillotson, the town's election moderator. "Four minutes later, everybody's forgotten about us for another four years."

But the tradition is now at risk.

LAWMAKERS RE-ELECT GUARDIAN OF NEW HAMPSHIRE PRIMARY, DESPITE WORK ON TRUMP ELECTION COMMISSION

This comes amid scrutiny of the 2016 contest in Dixville Notch from election investigators at the New Hampshire Attorney General's office, New Hampshire Public Radio reports.

Dixville Notch Election Moderator Tom Tillotson prepares to count the ballots in the 2016 election, in which several votes were disputed. (FOX NEWS)

Dixville Notch Election Moderator Tom Tillotson prepares to count the ballots in the 2016 election, in which several votes were disputed. (FOX NEWS)

"We noticed some irregularities in the way that they were running their elections," said Assistant Attorney General Matthew Broadhead, who oversees the Election Law Unit. "And so we broadened the inquiry to the election officials as well."

Broadhead said that his team found some votes in the 2016 election were cast by individuals who did not live in the town, along with several other inconsistencies in the voter registration process. They were tipped off by a neighboring town's clerk who identified residents in her town watching coverage of the Dixville Notch primary, the Attorney General's preliminary report said.

Eight people voted in Dixville Notch in 2016. Since the investigation began, the voter roll is down to just five — the minimum amount of people needed for the town to hold an election in the state of New Hampshire.

Those five people are Tillotson, his wife, his son, and two people working to reopen the shuttered Balsams Resort in the center of town.

In its heyday, the Balsams used Dixville Notch's elections as an attraction in the slow winter months in the North Country.

CASTRO TOUTS EXPERIENCE, POLICY SPECIFICS, AS HE CONTRASTS HIMSELF WITH BETO O’ROURKE

Since 2011, the 150-year-old resort has sat vacant in the serenity of New Hampshire's wilderness. When Balsams and a nearby factory closed, it took all of the people working there with it, leaving a ghost town.

The Balsams Resort in Dixville Notch has sat vacant since 2011. (ROB DIRIENZO / Fox News)

The Balsams Resort in Dixville Notch has sat vacant since 2011. (ROB DIRIENZO / Fox News)

Although there are now several other small New Hampshire towns that participate in midnight voting, in 1960 Dixville Notch became the first. Tillotson said Dixville Notch is emblematic of full democracy in action.

"The whole point of Dixville voting Is not to get publicity," Tillotson said. "The whole point is to encourage people to get out and vote—to lead by example. Here's a little town where a hundred percent of the population gets up at midnight. That's not easy."

Although Dixville Notch dubs itself "First in the Nation," several other small New Hampshire towns participate in the tradition. (ROB DIRIENZO / Fox News)

Although Dixville Notch dubs itself "First in the Nation," several other small New Hampshire towns participate in the tradition. (ROB DIRIENZO / Fox News)

While the fate of the tradition rests on the Balsams project, elsewhere in the state a slew of proposed changes to New Hampshire voting laws could completely transform elections in the state.

In the state legislature, which Democrats recently regained control of, close to 60 bills have been proposed to change nearly every facet of the election process. Some bills seek to reform lobbying rules and how campaigns are funded, while much of the focus has been on voter eligibility rules.

LARRY HOGAN, POTENTIAL TRUMP PRIMARY CHALLENGER, HEADED TO NEW HAMPSHIRE IN APRIL

The New Hampshire American Civil Liberties Union has sued the state, claiming a new law requiring a drivers' license to vote is unconstitutional.

"Now, anybody who votes in New Hampshire will have to get a New Hampshire driver's license and register their car in New Hampshire and that can cost hundreds of dollars here," said Henry Klementowicz, staff attorney for the New Hampshire ACLU. "That is a fee that they'll have to pay simply as a consequence of voting. So we think that's a poll tax and that's wrong."

While that lawsuit is pending, Democrats in New Hampshire legislature will have an uphill battle passing legislation with Republican Gov. Chris Sununu in the governor's mansion.

CLICK HERE TO GET THE FOX NEWS APP

Meanwhile, back at Dixville Notch, Tillotson hopes the Balsams project will prevail so the tradition will live to see the 2020 election.

"I don't think I've accepted yet that Dixville Notch midnight voting is over," Tillotson said, looking downward. "So I'm optimistic. As I said there's a lot of good stuff happening inside. This project is looking forward more to go forward."

Source: Fox News Politics

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NASA’s Cassini Reveals Surprises with Titan’s Lakes

On its final flyby of Saturn’s largest moon in 2017, NASA’s Cassini spacecraft gathered radar data revealing that the small liquid lakes in Titan’s northern hemisphere are surprisingly deep, perched atop hills and filled with methane.

The new findings, published April 15 in Nature Astronomy, are the first confirmation of just how deep some of Titan’s lakes are (more than 300 feet, or 100 meters) and of their composition. They provide new information about the way liquid methane rains on, evaporates from and seeps into Titan — the only planetary body in our solar system other than Earth known to have stable liquid on its surface.

Scientists have known that Titan’s hydrologic cycle works similarly to Earth’s — with one major difference. Instead of water evaporating from seas, forming clouds and rain, Titan does it all with methane and ethane. We tend to think of these hydrocarbons as a gas on Earth, unless they’re pressurized in a tank. But Titan is so cold that they behave as liquids, like gasoline at room temperature on our planet.

Scientists have known that the much larger northern seas are filled with methane, but finding the smaller northern lakes filled mostly with methane was a surprise. Previously, Cassini data measured Ontario Lacus, the only major lake in Titan’s southern hemisphere. There they found a roughly equal mix of methane and ethane. Ethane is slightly heavier than methane, with more carbon and hydrogen atoms in its makeup.

“Every time we make discoveries on Titan, Titan becomes more and more mysterious,” said lead author Marco Mastrogiuseppe, Cassini radar scientist at Caltech in Pasadena, California. “But these new measurements help give an answer to a few key questions. We can actually now better understand the hydrology of Titan.”

Adding to the oddities of Titan, with its Earth-like features carved by exotic materials, is the fact that the hydrology on one side of the northern hemisphere is completely different than the that of other side, said Cassini scientist and co-author Jonathan Lunine of Cornell University in Ithaca, New York.

“It is as if you looked down on the Earth’s North Pole and could see that North America had completely different geologic setting for bodies of liquid than Asia does,” Lunine said.

On the eastern side of Titan, there are big seas with low elevation, canyons and islands. On the western side: small lakes. And the new measurements show the lakes perched atop big hills and plateaus. The new radar measurements confirm earlier findings that the lakes are far above sea level, but they conjure a new image of landforms — like mesas or buttes — sticking hundreds of feet above the surrounding landscape, with deep liquid lakes on top.

The fact that these western lakes are small — just tens of miles across — but very deep also tells scientists something new about their geology: It’s the best evidence yet that they likely formed when the surrounding bedrock of ice and solid organics chemically dissolved and collapsed. On Earth, similar water lakes are known as karstic lakes. Occurring in in areas like Germany, Croatia and the United States, they form when water dissolves limestone bedrock.

Alongside the investigation of deep lakes, a second paper in Nature Astronomy helps unravel more of the mystery of Titan’s hydrologic cycle. Researchers used Cassini data to reveal what they call transient lakes. Different sets of observations — from radar and infrared data — seem to show liquid levels significantly changed.

The best explanation is that there was some seasonally driven change in the surface liquids, said lead author Shannon MacKenzie, planetary scientist at the Johns Hopkins Applied Physics Laboratory in Laurel, Maryland. “One possibility is that these transient features could have been shallower bodies of liquid that over the course of the season evaporated and infiltrated into the subsurface,” she said.

These results and the findings from the Nature Astronomy paper on Titan’s deep lakes support the idea that hydrocarbon rain feeds the lakes, which then can evaporate back into the atmosphere or drain into the subsurface, leaving reservoirs of liquid stored below.

Cassini, which arrived in the Saturn system in 2004 and ended its mission in 2017 by deliberately plunging into Saturn’s atmosphere, mapped more than 620,000 square miles (1.6 million square kilometers) of liquid lakes and seas on Titan’s surface. It did the work with the radar instrument, which sent out radio waves and collected a return signal (or echo) that provided information about the terrain and the liquid bodies’ depth and composition, along with two imaging systems that could penetrate the moon’s thick atmospheric haze.

The crucial data for the new research were gathered on Cassini’s final close flyby of Titan, on April 22, 2017. It was the mission’s last look at the moon’s smaller lakes, and the team made the most of it. Collecting echoes from the surfaces of small lakes while Cassini zipped by Titan was a unique challenge.

“This was Cassini’s last hurrah at Titan, and it really was a feat,” Lunine said

The Cassini-Huygens mission is a cooperative project of NASA, ESA (European Space Agency) and the Italian Space Agency. NASA’s Jet Propulsion Laboratory, a division of Caltech in Pasadena, California, manages the mission for NASA’s Science Mission Directorate, Washington. JPL designed, developed and assembled the Cassini orbiter. The radar instrument was built by JPL and the Italian Space Agency, working with team members from the U.S. and several European countries.



Alex Jones opens the phone lines to currently practicing and former members of the Muslim faith and challenges listeners to change his mind about Islam.

Source: InfoWars

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China selfie app firm Meitu forays into skincare to counter drop in users

A logo of Meitu is displayed at a news conference in Hong Kong
FILE PHOTO: A logo of Meitu is displayed at a news conference on the company's results in Hong Kong, China March 24, 2017. REUTERS/Bobby Yip

April 17, 2019

SHANGHAI (Reuters) – Meitu Inc, the Chinese firm best known for its selfie image-enhancing app, said on Wednesday it is venturing into the offline skincare market as it attempts to offset the impact of dwindling app users and a money-losing smartphone business.

Meitu, which listed in late 2016 in what was then Hong Kong’s largest tech IPO in a decade, has since suffered losses and its share price has more than halved, as China’s smartphone market has run out of steam, shrinking nearly 16 percent in 2018.

The firm announced a deal in November to outsource manufacturing of the smartphone business to Xiaomi Corp and receive brand and tech licenses in exchange.

Meitu said on Wednesday it will launch a face-cleansing brush that can automatically identify the best pulsing setting for a user by detecting his or her individual skin condition.

The company’s beauty-centric camera apps, which exploded in popularity in China around 2015 thanks to strong demand from female users, have recently endured a steep decline in usage.

In its earnings report covering the six-month period to end-December, Meitu said monthly active users across its suite of apps decreased 19.9 percent from a year earlier.

Its smartphone division, meanwhile, made up most of the company’s sales over the same period, but high costs brought the company to a loss overall.

Slowing smartphone sales and a softening economy have placed pressure on domestic smartphone makers, who are increasingly raising prices in hopes of boosting margins.

Shares in Meitu closed up 4.6 percent at HK$3.45 on Wednesday, well below its $HK8.5 IPO price.

(Reporting by Josh Horwitz; Editing by Miyoung Kim and Muralikumar Anantharaman)

Source: OANN

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Japan’s banks can’t blame BOJ for their problems, new head of lobby says

FILE PHOTO: Takashima speaks during an interview with Reuters at the bank's headquarters in Tokyo
FILE PHOTO: Makoto Takashima speaks during an interview with Reuters at the bank's headquarters in Tokyo, Japan, March 15, 2017. Picture taken March 15, 2017. REUTERS/Toru Hanai

March 31, 2019

By Junko Fujita and Taro Fuse

TOKYO (Reuters) – Japanese lenders should not blame the Bank of Japan’s ultra-loose monetary policy for their inability to boost trading revenue or for poor returns borne of lax risk management, the newly appointed head of the country’s banking lobby said.

Makoto Takashima said banks should instead be responsible for their own risk appetite and investment strategy, wading into a long-brewing debate about the impact of ultra-low interest rates on commercial lenders.

Japanese banks have complained about the central bank’s ultra-loose policy, which they say has diminished returns from traditional lending and hurt their bottom line. Banks, particularly smaller, regional lenders, have also been squeezed by a declining population.

“I don’t think it’s quite right for banks to blame monetary policy for their changing risk appetite, or poor investment performance as a result of loosening their risk control,” Takashima said in an interview with Reuters.

“Each bank should be responsible for their risk appetite to respond to their customer needs and boost revenue,” he said.

Takashima also heads the main unit of Sumitomo Mitsui Financial Group Inc, Japan’s third-largest lender by assets. He takes over as chairman of the Japanese Bankers Association from Monday.

His comments appear to be something of a departure from those of his predecessor, Koji Fujiwara, who had urged the BOJ to review its 2 percent inflation target and ultra-loose monetary policy – in what had been some of the strongest comments to date from the banking lobby.

Separately, Isao Kubota, the chairman of Nishi-Nippon City Bank in southern Japan recently told Reuters that the central bank’s stimulus program is hurting profits so badly that even mergers among regional banks could not be a solution.

Although Takashima said he agreed with much of his predecessor’s comments, he stressed that banks themselves were responsible to execute their businesses under the central bank’s monetary policy.

Still, the industry faces some headwinds: the ultra-loose monetary policy is expected to continue, while banks are under pressure to restructure their retail businesses as the population continues to shrink and as more customers change how they conduct financial transactions.

Mizuho Financial Group, Japan’s second-largest bank by assets, last month slashed its full-year profit outlook by 86 percent, citing costs to close retail branches at home and restructuring of its securities portfolio of foreign bonds.

(Editing by David Dolan and Emelia Sithole-Matarise)

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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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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