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Ex-Sanders spokesman calls Hillary Clinton team choice words in interview

Bernie Sanders' 2016 presidential campaign spokesman unloaded on Hillary Clinton and her team on Monday, calling them the "biggest a--holes in American politics," after former members of Clinton's campaign leaked details this week about Sanders' use of private jets to attend campaign rallies on her behalf.

Speaking to Politico, the spokesman, Michael Briggs, proceeded to call Clinton's staff "total ingrates," given that Sanders claims he billed the Clinton-Kaine campaign for private air travel in order to attend events that he otherwise would have needed to skip.

“You can see why she’s one of the most disliked politicians in America," Briggs said, referring to Clinton. "She’s not nice. Her people are not nice. [Sanders] busted his tail to fly all over the country to talk about why it made sense to elect Hillary Clinton and the thanks that [we] get is this kind of petty stupid sniping a couple years after the fact.”

Briggs added: “It doesn’t make me feel good to feel this way but they’re some of the biggest a--holes in American politics."

"She’s not nice. Her people are not nice."

— Bernie Sanders 2016 spokesman Michael Briggs

FIVE THINGS BERNIE DOESN'T WANT YOU TO KNOW ABOUT SOCIALISM

Several former Clinton staffers, also speaking to Politico, reported that Sanders' frequent requests for private planes from the campaign became “a running joke in the office" -- in part because Sanders is a socialist, and also because he has pushed for the elimination of carbon-generating heavy aircraft in favor of high-speed rail networks. In all, Sanders reportedly billed the Clinton-Kaine campaign approximately $100,000 for air travel.

Some bad blood remains between the Clinton and Sanders camp, according to insiders, in part because of Sanders' harsh criticisms of Clinton during the 2016 Democratic presidential primary.

Talking to the liberal “Pod Save America” podcast in 2017, Clinton said she "couldn't believe" that, because of Sanders, she was forced into "basically defending President Obama in a Democratic primary." And in her book, the election retrospective "What Happened," Clinton slammed Sanders' ideas as unrealistic and decried him for using “innuendo and impugning my character” such that she suffered “lasting damage" into the general election.

Then-Democratic presidential nominee Hillary Clinton speaks aggressively at a campaign rally in Raleigh, North Carolina November 8, 2016. REUTERS/Chris Keane - D1BEULPJOPAC

Then-Democratic presidential nominee Hillary Clinton speaks aggressively at a campaign rally in Raleigh, North Carolina November 8, 2016. REUTERS/Chris Keane - D1BEULPJOPAC

GREEN NEW DEAL WOULD COST UP TO $92 TRILLION, STUDY SAYS -- THAT'S APPROX. $600G PER HOUSEHOLD

Sanders spokesperson Arianna Jones, though, maintained that Sanders put everything he had into helping Clinton once she had secured the Democratic nomination. Jones said it was physically impossible for Sanders to get to all of the Clinton event locations in such a short period of time without chartered flights, especially since the senator was traveling to many smaller markets with limited commercial air travel options.

“That’s why chartered flights were used: to make sure Sen. Sanders could get to as many locations as quickly as possible in the effort to help the Democratic ticket defeat Donald Trump,” Sanders spokeswoman Arianna Jones told Politico. "Sen. Sanders campaigned so aggressively for Secretary Clinton, at such a grueling pace, it became a story unto itself, setting the model for how a former opponent can support a nominee in a general election.”

Jones reported that in the three months prior to the November 2016 election, Sanders supported Clinton by attending 39 rallies in 13 states.

Sanders stunned the Democratic establishment in 2016 with his spirited challenge to Clinton, and his campaign helped lay the groundwork for the leftward lurch that has dominated Democratic politics in the era of President Trump.

Sanders' campaign said earlier this month that he raised more than $4 million in the 12 hours since announcing his 2020 presidential bid. Previously, the biggest first-day fundraiser in the race had been California Sen. Kamala Harris, who raised $1.5 million in the first 24 hours of her campaign. And this week, Sanders announced he has already signed up a historic 1 million volunteers.

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The question now for Sanders is whether he can stand out in a crowded field of Democrats who embrace many of his policy ideas and who are newer to the national political stage -- and whether Sanders can survive with the evident lingering resentment from members of the Democratic Party establishment.

This single family house built on 1981 and located in Burlington, Vermont, is listed to Bernard and Jane Sanders. (Google Maps)

This single family house built on 1981 and located in Burlington, Vermont, is listed to Bernard and Jane Sanders. (Google Maps)

"Our campaign is not only about defeating Donald Trump," the 77-year-old self-described democratic socialist said in an email to supporters announcing his srun. "Our campaign is about transforming our country and creating a government based on the principles of economic, social, racial and environmental justice."

As for whether Sanders -- who has pushed for the Green New Deal, which would strive to greatly reduce air travel -- would be flying commercial for upcoming campaign trips this year, Jones told Politico he "will be flying commercial whenever possible," and that the "campaign will consider the use of charter flights based on a variety of factors, including security requirements, logistics, and media interest in traveling with the senator.”

Also causing headaches for Sanders' socialist, penny-pinching image: His high-end income and multiple houses.  Notably, he owns three houses. In 2016, he bought a $575,000 four-bedroom lake-front home in his home state. This is in addition to a row house in Washington D.C., as well as a house in Burlington, Vermont.

“The Bern will keep his home in Burlington and use the new camp seasonally,” Vermont’s Seven Day’s reported in 2016.

Fox News' Adam Shaw and The Associated Press contributed to this report.

Source: Fox News Politics

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Trump reverses slew of Obama-era Cuba policies in new crackdown

The Trump administration on Wednesday rescinded several Obama-era policies toward Cuba, while imposing tough sanctions against Venezuela and Nicaragua – as part of a new crackdown on what National Security Adviser John Bolton dubbed the “three stooges of socialism."

Bolton outlined the steps during an event in Coral Gables, Fla., honoring veterans of the United States' failed 1961 Bay of Pigs invasion of Cuba. Among the moves being taken against Cuba, the Trump administration is restricting non-family travel to the island and limiting the amount of remittances a person in the U.S. can send to family in Cuba to $1,000 per quarter.

US PERMITS LAWSUITS AGAINST COMPANIES USING PROPERTY SEIZED BY CASTRO'S CUBA, POMPEO ANNOUNCES

Bolton also announced additions to the Cuba Restrict List, which prohibits direct financial transactions with entities tied to the communist nation’s military, intelligence, and security services.

“While the last administration wanted to improve relations with the tyrants in Havana, and to convince the world that they posed no threat, the Cuban regime tightened its grip and extended its tentacles,” Bolton said in reference to the Obama administration’s thaw in the icy relationship with Cuba.

“These new measures will help steer American dollars away from the Cuban regime, or its military and security services,” Bolton said.

The announcement aligns with the hardline stance President Trump has taken toward Cuba since taking office, especially when it comes to the country’s close ties with the government of disputed Venezuelan President Nicolás Maduro.

Bolton’s speech came just hours after Secretary of State Mike Pompeo announced the Trump administration will allow Cubans who fled Fidel Castro’s regime to sue companies that have used their former property on the island.

Pompeo said he would not suspend a provision in the 1996 Helms-Burton Act that allowed such litigation and had been blocked by every presidential administration since Bill Clinton. The move could affect dozens of Canadian and European companies doing business in Cuba – embroiling the businesses in litigation that could cost them billions of dollars and upending relations between Washington and its traditional allies.

"Any person or company doing business in Cuba should heed this announcement," Pompeo said.

CUBA CITES LACK OF EVIDENCE IN MYSTERIOUS SONIC ATTACKS ON DIPLOMATS

Spain has already slammed the move, saying Washington's move damages relations between Europe and the United States and will lead to lawsuits and counterclaims. Spain contends that the U.S. action runs counter to international law, and says European Union countries are preparing to fight it.

Spanish companies are among Cuba's main foreign investors.

Besides the new policies regarding Cuba, the Trump administration took action against the other two countries in Bolton’s so-called “troika of tyranny”: Venezuela and Nicaragua.

The U.S. is imposing sanctions on the Central Bank of Venezuela, arguing that the bank has been instrumental in propping up the Maduro regime. The move, which is aimed at restricting U.S. transactions with the bank and cutting off the bank's access to U.S. currency, is meant to be a warning to others, including Russia, against deploying military assets to Venezuela to help Maduro stay in power, Bolton said.

“The United States will use its economic tools to the maximum capacity to constrict Maduro and ensure that his cronies no longer pilfer what rightfully belongs to the people of Venezuela,” Bolton said.

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The Trump administration is also levying more penalties against Bancorp in Nicaragua — claiming the bank is a "slush fund" for the country's president, Daniel Ortega. The bank already has been sanctioned by the United States for its links to Venezuela's state-owned oil company.

Trump issued an executive order in November targeting the Ortega government and its supporters for allegedly engaging in corruption and human rights abuses, and exploiting citizens and public resources.

One of those sanctioned is Vice President Rosario Murillo.

Bolton added the U.S. is now imposing additional sanctions now on Bancorp as well as Laureano Ortega, one of Daniel Ortega's son's.

The Associated Press contributed to this report.

Source: Fox News Politics

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Western diplomats deny Thai accusation of protocol breach

Western diplomatic missions have responded to charges from Thailand's foreign ministry that they violated protocol by observing a Thai politician being charged by police with sedition, calling the action standard diplomatic practice.

They were responding Wednesday to Foreign Minister Don Pramudwinai, who said foreign countries are barred from closely observing such internal procedures "not only by etiquette, but also by rules and regulations that the whole world abides by."

Thirteen foreign diplomats were present Saturday at a Bangkok police station where Thanathorn Juangroongruangkit, leader of a popular new political party, acknowledged charges of sedition and other crimes. Thanathorn says the charges are politically motivated.

Thanathorn's Future Forward Party ran a strong third in last month's general election and positions itself as being opposed to political interference by Thailand's powerful military.

Source: Fox News World

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U.S. business borrowing for equipment falls 24 percent in February: ELFA

FILE PHOTO: A Vulcan Materials Company facility is pictured in Convent
FILE PHOTO: A Vulcan Materials Company construction aggregate facility is pictured in Convent, Louisiana, U.S., June 11, 2018. REUTERS/Jonathan Bachman

March 22, 2019

(Reuters) – U.S. companies’ borrowing to spend on capital investments fell 24 percent in February from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Friday.

Companies signed up for $5.9 billion in new loans, leases and lines of credit last month, down from $7.7 billion a year ago. The fall was 18 percent, when compared to the previous month.

“Monthly new business volume declined for the first time in almost two years… Fundamentals in the U.S. economy appear to be holding up,” ELFA Chief Executive Officer Ralph Petta said in a statement.

“With the Fed holding interest rates unchanged, these and other economic data bear monitoring in the coming months to better understand the dip in equipment financing volume for February.”

Washington-based ELFA, a trade association that reports economic activity for the $1 trillion equipment finance sector, said credit approvals totaled 76 percent in February, marginally down from 76.1 percent in the previous month.

The data on U.S. business borrowing was based on a survey among 25 members including Bank of America Corp, BB&T Corp, CIT Group Inc and the financing affiliates of Caterpillar Inc, Deere & Co, Verizon Communications Inc, Siemens AG, Canon Inc and Volvo AB.

The Equipment Leasing & Finance Foundation, ELFA’s non-profit affiliate, said its confidence index for March is 60.4, up from 56.7 in February. Any reading above 50 indicates a positive outlook.

(Reporting by Shravanth Vijayakumar in Bengaluru; Editing by James Emmanuel)

Source: OANN

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Democrat Elizabeth Warren Rejecting 'Big Money' Donations

Democratic Sen. Elizabeth Warren says she will forgo the chase for campaign money from the biggest donors in her quest for her party's nomination for president.

In an email to supporters on Monday, Warren, of Massachusetts, acknowledged that "this decision will ensure that I will be outraised by other candidates in this race."

But by making her move now as a proactive gesture, vowing to avoid any "fancy receptions or big money fundraisers only with people who can write the big checks," Warren is betting that focusing on grassroots supporters will ultimately pay off by boosting her small-dollar donations as she battles a half-dozen or more rivals.

Warren billed her new fundraising policy as a way of matching her actions to her calls for a sweeping change to the nation's political systems. She already has sworn off campaign donations from political action committees and federal lobbyists, but her new policy puts her in a league beyond most of the other Democrats already seeking the presidency or weighing runs.

Some of those rivals are already besting Warren in the hunt for donations that can often make or break a presidential candidacy. Vermont Sen. Bernie Sanders' campaign reported nearly $6 million raised in the first 24 hours after he entered the race last week, and California Sen. Kamala Harris' campaign reported $1.5 million raised during the first day after her launch.

Harris and Sens. Cory Booker of New Jersey and Kirsten Gillibrand of New York reportedly have signed on to appear at high-dollar fundraisers as they hustle to raise the cash necessary to compete in the jam-packed primary. They have sworn off donations from corporate political action committees, but none has gone as far as Warren pledged Monday.

"We're going to take the time presidential candidates typically reserve for courting wealthy donors and instead use it to build organizing event after organizing event, in the early primary states and across the country," Warren wrote to supporters.

Warren's campaign has stayed mum about how much money it has taken in since she announced her candidacy. An early glimpse was included in Federal Election Commission year-end filings, which showed that she collected around $300,000 in the hours after launching her exploratory committee at the end of December. That's a far smaller figure than what several of her competitors have reported raising. More recent fundraising emails have said she's "falling short" in the money race.

"Let's be real: Out of all the candidates Elizabeth is probably never going to raise the most money," says a fundraising solicitation sent out Friday.

But during recent midterm elections she was a fundraising powerhouse who outraised all of the other senators currently running for the presidency, pulling in more than $30 million between her Senate fund and two separate fundraising committees, which she has since shut down. She also cut big checks at the time to candidates, Democratic federal campaign funds and state-level party committees in Iowa, Florida, Arizona, Nevada and New Hampshire.

That left her with about $11 million in the bank at the end of December, records show.

Source: NewsMax Politics

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Dominant Nadal makes winning start in Monte Carlo

ATP 1000 - Monte Carlo Masters
Tennis - ATP 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 17, 2019 Spain's Rafael Nadal celebrates after winning his second round match against Spain's Roberto Bautista Agut REUTERS/Eric Gaillard

April 17, 2019

(Reuters) – Rafa Nadal produced a claycourt masterclass to pick apart fellow Spaniard Roberto Bautista Agut 6-1 6-1, as the world number two began his Monte Carlo Masters title defense in stunning fashion on Wednesday.

Playing his first match since injuring his knee at Indian Wells last month, Nadal showed no signs of rust as he raced into a 5-0 lead in the first set on Court Rainier III.

Bautista Agut did get on the board but Nadal clinched the opening set and put his opponent under further pressure with another break of serve at the start of the second.

There was no stopping Nadal who regularly moved Bautista Agut out of position, opening the court up effortlessly with powerful forehand combinations.

After saving three break points at 2-1, Nadal displayed his clinical side at the net to secure a 4-1 advantage and went on to claim a convincing win.

The 11-times Monte Carlo champion extended his winning streak to 16 matches at the tournament and will face Bulgarian Grigor Dimitrov in the third round.

“It was a great start, it’s good to be back here,” Nadal, the 17-times Grand Slam winner, said.

“I’ve had some great moments on this court, I really enjoy playing here.

“It’s not easy to come back from injury, I had to do a lot of mental work as well to be prepared. I tried to play solid, dominate with my forehand when I had the chance.”

German hotshot Alexander Zverev showed signs of a return to his explosive best in a 6-1 6-4 win over Canadian teenager Felix Auger-Aliassime.

Third seed Zverev, who lives in Monte Carlo, reached the semi-finals of his ‘home’ event a year ago, but has endured a difficult 2019 season.

After finishing runner-up to Australian Nick Kyrgios in Acapulco, Zverev has suffered early exits at Indian Wells, Miami and Marrakech.

“This is the first time this season I’ve felt really healthy,” said the 21-year-old.

“I’ve been training well but haven’t been able to take that into matches.

“I live just 500 meters from here, I’m comfortable on this court. I’m starting to feel better about my game. I’m really ready for the clay season.”

Last year’s French Open runner-up Dominic Thiem won 20 of his 23 first-serve points in a commanding display to beat Slovakian Martin Klizan 6-1 6-4.

Greek sixth seed Stefanos Tsitsipas also progressed, defeating Kazakh Mikhail Kukushkin 6-3 7-5.

(Reporting by Hardik Vyas in Bengaluru; Editing by Toby Davis)

Source: OANN

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LendingClub fourth quarter loss narrows

Lending Club banner hangs on the facade of the the New York Stock Exchange
FILE PHOTO: A Lending Club banner hangs on the facade of the the New York Stock Exchange in New York, New York, United States December 11, 2014. REUTERS/Brendan McDermid/File Photo

February 19, 2019

(Reuters) – Online lender LendingClub Corp reported a smaller quarterly loss on Tuesday, on the back of higher loan originations.

The San Francisco-based company posted an adjusted loss of $4.1 million, or 1 cent per share, in the fourth quarter ended Dec. 31, compared to a loss of $7.3 million, or 2 cents per share, a year earlier. (https://reut.rs/2EiMdjC)

(Reporting by Bharath Manjesh in Bengaluru)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

Source: OANN

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

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