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Pakistan asks UN to help defuse tensions with India

Pakistan's foreign minister has written a letter to the U.N., asking it to help de-escalate and defuse tensions with India after a suicide bombing last week in India's sector of disputed Kashmir region killed at least 41 Indian troops.

New Delhi has blamed Islamabad and warned of a "jaw-breaking response." Pakistan has condemned the attack and also cautioned India against linking it to the bombing without an investigation.

The foreign ministry said on Tuesday that Pakistan's top diplomat, Shah Mahmood Qureshi, informed U.N. Secretary-General Antonio Guterres in his letter that "for domestic political reasons, India has deliberately ratcheted up its hostile rhetoric against Pakistan and created a tense environment."

India and Pakistan each administer a part of Kashmir and have fought two of their three wars over it.

Source: Fox News World

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U.S. existing home sales fall more than expected in March

A new apartment building housing construction site is seen in Los Angeles
FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson

April 22, 2019

WASHINGTON (Reuters) – U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.

The National Association of Realtors said on Monday existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units last month. February’s sales pace was revised down to 5.48 million units from the previously reported 5.51 million units.

Economists polled by Reuters had forecast existing home sales would fall 3.8 percent to a rate of 5.30 million units last month. Existing home sales, which make up about 90 percent of U.S. home sales, declined 5.4 percent from a year ago. That was the 13th straight year-on-year decrease in home sales.

Falling mortgage rates, strengthening wage growth and slowing house price inflation have improved affordability, but housing supply remains tight, especially at the lower end of the market as land and labor shortages are making it difficult for builders to ramp up construction in this market segment.

The 30-year fixed mortgage rate has dropped from a peak of about 4.94 percent in November to around 4.12 percent, according to data from mortgage finance agency Freddie Mac. Wage growth is also strengthening.

A survey last week showed that while builders reported strong demand for new homes in April, they also complained about “affordability concerns stemming from a chronic shortage of construction workers and buildable lots.”

Last month, existing home sales fell in all four regions. There were 1.68 million previously owned homes on the market in March, up from 1.63 million in February. At March’s sales pace, it would take 3.9 months to exhaust the current inventory, up from 3.6 months in February.

A six-to-seven-month supply is viewed as a healthy balance between supply and demand. The median existing house price increased 3.8 percent from a year ago to $259,400 in March.

The Commerce Department reported last Friday that housing starts dropped to a rate of 1.139 million units in March, the lowest level since May 2017.

That was the second straight monthly drop in homebuilding and pushed starts substantially below the 1.5 million to 1.6 million units per month range that realtors estimate is needed to alleviate the shortage.

(Reporting by Lucia Mutikani; Editing by Paul Simao)

Source: OANN

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Texas’ John Cornyn to face Air Force vet MJ Hegar in 2020 Senate race

With the memory of Republican Sen. Ted Cruz’s tough re-election campaign against former congressman – and current 2020 Democratic presidential candidate – Beto O’Rourke still fresh in the minds of many Texans, voters in the Longhorn state are readying themselves for another senatorial race pitting a longtime GOP stalwart against an up-and-coming Democrat.

Sen. John Cornyn, R-Texas, will face a re-election battle next year against Democrat Mary Jennings “MJ” Hegar, after the former Air Force helicopter pilot Tuesday declared her intent to run for one of Texas’ Senate seats.

“Washington still has a lot of listening to do, and I’m gonna make sure they hear us,” Hegar said in a video announcing her campaign. “Texans deserve a senator who represents our values: strength, courage, independence, putting Texas first.”

TED CRUZ WARNS CLOSING BORDER 'WOULD BE DEVASTATING TO TEXAS' 

Hegar - who lives in Round Rock, just north of Austin, with her husband and two children – served three tours in Afghanistan between 2004 and 2009, when she flew combat search-and-rescue and medevac missions. In 2009, she was shot down and wounded during a mission, earning a Purple Heart and a Distinguished Flying Cross with Valor Device for her actions to save her crew and patients.

In 2012, Hegar filed a lawsuit against the Secretary of Defense that was part of the movement that ultimately led to the Combat Exclusion Policy, banning women from certain military positions, being deemed unconstitutional.

In her campaign announcement, Hegar accused Cornyn of aligning himself too closely with Republican Party leaders and not looking after the interests of Texans.

“He calls himself Big John, but he shrinks out of the way while Mitch McConnell gets in the way of anything actually getting done in our government,” she said. “And now John Cornyn’s shrinking out of the way again while they try to take away protections for those of us with pre-existing health conditions. Weakness, partisanship, gridlock - those are not Texas values, John. But maybe you’ve been in Washington so long that you’ve forgotten that.”

The National Republican Senatorial Committee retorted by calling Hegar Senate Minority leader Chuck Schumer’s “chosen candidate” and labeling the Air Force vet as “Hollywood Hegar” for her support from celebrities like Broadway star Lin Manuel Miranda.

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“New York liberal Chuck Schumer found his chosen candidate in MJ Hegar,” NRSC Communications Director Jesse Hunt said in a statement. “Hollywood Hegar’s support for late-term abortion and government-run health care will play better with progressive Hollywood celebrities than with mainstream Texans.”

This is not Hegar’s first foray into politics.

Last fall, Hegar lost a close race for Texas’ 31st Congressional District against incumbent Rep. John Carter, who is now serving his ninth term on Capitol Hill. Carter earned 50.8 percent of the vote, with Hegar pulling in 47.5 percent and Libertarian Jason Hope about 1.6 percent of the overall vote.

Source: Fox News Politics

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Covington Catholic Student Sues CNN for $275 Million

The family of high school student Nick Sandmann is suing CNN for $275 million for the network's coverage of an incident after the March For Life in January.

According to Fox News, the suit was filed in the U.S. District Court for the Eastern District of Kentucky. It alleges CNN "elevated false, heinous accusations of racist conduct" against Sandmann. It also said CNN did not follow "well-established journalistic standards and ethics."

Sandmann, 16, is a Covington Catholic High School student who was filmed looking straight at a Native American activist as the man stood inches from Sandmann's face. Initial reports indicated Sandmann and his classmates were taunting the man, named Nathan Phillips. Subsequent videos that were released showed that a group of Black Hebrew Israelites was taunting the schoolboys.

Celebrities, news organizations and their commentators, and other public figures slammed the students, who were wearing "Make America Great Again" hats, for their perceived verbal attacks on the Native Americans — which was shown not to have happened.

Sandmann already filed a $250 million lawsuit against The Washington Post last month because of its reporting on the story.

Source: NewsMax America

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US aid cuts will spur Central America migration, experts say

Government officials, aid workers and activists in Central America are mystified by U.S. President Donald Trump's threat to cut off nearly $500 million in aid to Honduras, Guatemala and El Salvador in response to what he calls an immigration crisis. Over time, they say, it will only worsen the problem.

At risk of falling on the chopping block are development programs that work to tackle the root causes driving migration: poverty, inequality, violence and corruption. These include outreach to at-risk youth to combat forced gang recruitment as well as programs to address gender-based violence and support education, workforce development and the uphill fight to root out endemic graft.

"It's illogical and it's irresponsible. ... You're talking about long-term challenges that are going to require long-term, sustainable solutions," said Adriana Beltrán, a Central America specialist at the Washington Office on Latin America. "So rather than helping to stabilize the situation and try to address these long-term challenges, the cut in assistance will only make the situation worse."

"Gutting important programs," she added, "will eventually lead to more migration, more insecurity, more corruption, more impunity in these countries."

It's still not clear exactly what, when or how much could be cut.

Trump said last week that "we were paying them tremendous amounts of money and we're not paying them anymore because they haven't done a thing for us," and mentioned a figure of $500 million.

State Department spokesman Robert Palladino said Tuesday that the amount affected by any aid cut would be $450 million from fiscal year 2018 as well as an as yet undetermined amount from 2017.

"The president has made clear that the decision is aimed at securing the United States borders and protecting American citizens," Palladino said. "These programs have not effectively prevented illegal immigration from coming to the United States, and they've not achieved the desired results."

The aid is meant to promote democracy-building, good governance, trade, agriculture, education, health, public safety and law enforcement. Experts say all of those areas play a direct role in whether people feel they can get by or even survive in their home countries.

Reaction from the three governments has been muted so far, perhaps for fear of angering Trump.

Both Honduras and El Salvador pointedly said they had not been formally notified of any specific cuts in U.S. aid. Honduran Defense Minister Fredy Díaz said cooperation with the United States on security is "unchanged," while the Foreign Ministry said in a statement that the relationship has been "solid, close and positive."

Salvadoran Vice President Oscar Ortiz said Tuesday that an aid cut would not solve the migration problem but have the opposite effect. "The best way to tackle the issue of migration ... is not with this type of decision," he said. "The best way to tackle the issue is to keep working together."

Guatemala, the source of much of the recent migration from the region, was particularly circumspect, with presidential spokesman Alfredo Brito saying simply that the official response was not to comment for the time being.

But those carrying out the boots-on-the-ground work are concerned.

Rick Jones, who works in El Salvador as the youth and migration policy adviser for Catholic Relief Services, counsels young people to keep them out of gangs and help them get jobs. He also runs behavioral therapy for inmates to deter them from returning to crime — all things that have "a positive impact to help guys think about and change their behavior," he said.

It's seen as unglamorous but badly needed work, especially in a place like El Salvador, which has a homicide rate that is among the world's highest at more than 50 per 100,000 people last year.

But all $38 million that Catholic Relief Services gets from U.S. government agencies to run programs in the three countries — including ones on education and jobs — could disappear if the cutoff goes through.

If that happens, "it will be sending the message, 'Help is not on the way ... and you're going to be left on your own,'" Jones said. "And basically people left on their own are going to be more desperate and more people are going to leave."

Likewise, Vicki Gass, Oxfam America senior policy adviser for Central America and Mexico, said that axing funding for programs that have been running for years, would, in many cases, "waste U.S. taxpayer dollars that have already been invested" and "foster the same instability that is making people flee in the first place."

Some government programs aimed at persuading Central Americans not to emigrate have been put in place, in part in response to Trump's earlier criticism about the migrant caravans that brought thousands trekking toward the U.S. border, and the threatened aid cutoff does not take that into account, officials say.

"This goes against what we have seen in reports that show there have really been some decreases in migration, and that they are the result of the efforts being made on this issue," said lawmaker Yanci Urbina of the left-leaning FMLN party in El Salvador, the least populated of the three countries and a distant third in terms of how many migrants are heading for the U.S.

Salvadoran Treasury Minister Nelson Fuentes said U.S. aid in his country includes $20 million in technical and fiscal funding over five years, and the government has not gotten word of any cuts. Another $200 million to spur growth and employment is managed in tandem with the World Bank, and it remains to be seen whether this will be reduced. Finally there are direct donations from Washington to the Salvadoran government and private organizations.

Fuentes said aid for security and migration could be affected, but that actively funded contracts should not be.

In Guatemala, the most significant aid comes in security assistance to fight drug trafficking — and that has already come under scrutiny recently over questionable use of armored vehicles donated by Washington. Other funds through USAID go to help programs on things like agriculture and education in poor rural communities, plus training for prosecutors, who have waged a high-profile fight against corruption in recent years, or for judges.

Former Honduran Foreign Minister Ernesto Paz called U.S. aid to his country "vital" and said the threatened cuts show that Washington is "an unreliable ally for Honduras."

Like Guatemala, Honduras has backed the Trump administration on key issues such as recognizing Jerusalem as Israel's capital and on the political crisis in Venezuela. It remains to be seen whether such support could waver. "A sense of nationalism is surging in this country ... and that could be a good thing," Paz said.

Beltrán noted that most of the assistance now in jeopardy does not go directly to the three countries' governments but to agencies, NGOs, church groups and others.

She predicted that an attempt to cut aid could face pushback in Congress if funds are reprogrammed without lawmakers' consent. Particularly in the Democratic-controlled House of Representatives, members and committees could try to place holds on money in the next funding bill, she said.

"It is going to ensue into a battle," Beltrán said, "because it is Congress that at the end of the day has the power of the purse."

___

Associated Press writers Sonia Perez D. in Guatemala City, Freddy Cuevas in Tegucigalpa, Honduras, Matthew Lee in Washington and Mark Stevenson and Peter Orsi in Mexico City contributed to this report.

Source: Fox News World

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Syrian media: Militants hit government post, kill 3 troops

Syria state media say militants have attacked a military post belonging to the government forces in the country's northwest, setting off clashes that killed three soldiers.

The state-run Ikhbariya TV says the militants were disguised as farmers from the area in the attack early on Tuesday and approached the military post outside a de-militarized zone in Idlib province.

The TV says the soldiers clashed with the militants, who blew themselves up, killing three soldiers.

The Syrian Observatory for Human Rights also reported the attack. The Observatory and a media group, Idlib Correspondent, said the jihadi Ansar Tawheed group was behind the attack.

It's the latest breach of a months-old Russia-Turkey negotiated truce in Idlib and surrounding areas. Recent violence has strained the truce, which also includes a de-militarized zone.

Source: Fox News World

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AOC reminds Trump in tweet about tax return request: ‘We didn’t ask you’

In a tweet Wednesday, U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., suggested that House Democrats won't be taking no for an answer in seeking access to President Trump's tax returns.

The freshman congresswoman boiled her view of the situation down to the following mock conversation between Congress and the president:

"Congress: 'We’re going to need a copy of the President’s tax returns from 2013-2018.'

"45: 'No, I’m ‘under audit.'

"Congress: 'We didn’t ask you.' "

JASON CHAFFETZ: TRUMP'S TAX RETURNS AND WHY DEMOCRATS ARE OBSESSED WITH THEM

After Special Counsel Robert Mueller's report on his Russia investigation found no evidence of collusion between the Trump campaign and Russia, some Democrats have been continuing efforts to investigate the president's business dealings and other actions.

Ocasio-Cortez's tweet referred to the House Ways and Means Committee’s request to the IRS for six years of the president's tax records.

HOUSE DEMS RAMP UP EFFORTS TO GET TRUMP’S TAX RETURNS, WILL ‘TAKE ALL NECESSARY STEPS’

During the election, Trump broke the long-standing tradition of presidential candidates releasing their tax returns, saying they were under audit. He has continued to dodge the issue as president.

Congressional Republicans claim with their IRS request Democrats have "weaponized" the tax law.

The president recently took note of the impact Ocasio-Cortez has made on the Democratic Party since taking office in January.

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"The Green New Deal, done by a young bartender, 29 years old," Trump told a crowd of House Republicans at a dinner in Washington on Tuesday, referring to Ocasio-Cortez and her package of proposals for U.S. efforts to combat climate change. "A young bartender, wonderful young woman.”

The president then claimed that longtime Democrats had become "petrified of her."

Source: Fox News Politics

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A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

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) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

Source: OANN

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A remote controlled robot for the 'Isotopium: Chernobyl' game is seen at the game's location in Brovary
A remote controlled robot for the ‘Isotopium: Chernobyl’ game is seen at the game’s location in Brovary, Ukraine April 25, 2019. REUTERS/Valentyn Ogirenko

April 26, 2019

By Margaryta Chornokondratenko

KIEV (Reuters) – A Ukrainian computer game that brings to life a town abandoned after the Chernobyl nuclear disaster may not sound like everyone’s idea of fun but has attracted 60,000 people globally since its launch in October.

Players of “Isotopium: Chernobyl” drive tanks around the ghost town of Prypyat near Chernobyl, knocking out competitors as they search for an energy source called isotopium and collecting points every time they find some.

While the game takes its theme from the nuclear disaster at Chernobyl in northern Ukraine, which marked its 33rd anniversary on Friday, it was also inspired by the 2009 science fiction film “Avatar”.

Newcomers to the game think they have entered a virtual world when in fact they are controlling a real robot, equipped with a camera and computer, which makes its way around a model of the town rendered down to the tiniest detail.

“When playing our game, for the first 5-10 minutes many players don’t understand that it is not fictional,” said the game’s co-founder Sergey Beskrestnov. “They message us saying: ‘You have cool texture, you have good graphics, your designer is good, well done. You have a cool operating system.’

“People then reply: ‘It is not an operating system, it is real,’ and the player can’t believe it is real,” said Beskrestnov, speaking mid-game from Prypyat city square as he towers over surrounding five-storey buildings.

Kiev-born Beskrestnov was just 12 years old when on April 26, 1986 a botched test at the nuclear plant in the then Soviet Union sent clouds of smoldering nuclear material across large swathes of Europe, forced over 50,000 people, including Beskrestnov’s family, to evacuate and poisoned unknown numbers of workers involved in its clean-up.

Beskrestnov and his partner Alexey Fateyev used Google maps and hundreds of pictures from the Chernobyl area to recreate Prypyat landmarks, including residential buildings, a hotel, concert hall, amusement park and a stadium.

The game’s real-scale model occupies a 180 square meter (1,938 sq. ft) basement of a residential building in the Ukraine city of Brovary, just 150 km (93 miles) from the Chernobyl Exclusion Zone and 30 km east of Kiev.

Miniature radioactivity warning signs, graffiti on the walls of abandoned buildings and tables and chairs left scattered inside a small cafe all add to the creepy atmosphere of a once lively town.

“It’s a really neat concept …,” Shaun Prescott wrote in a review of the game published by PC Gamer magazine in January. “Controlling the tanks is kinda cumbersome, but they are tanks, after all.”

An attentive player will notice at least one inaccuracy – the real Chernobyl nuclear power plant is not located in town as it is in the game.

It costs $9 to immerse in the atmosphere of a post-apocalyptic town for an hour but only 20 people at a time can play simultaneously. Beskrestnov’s company, Remote Games, said 62,615 people around the world have registered to play the game, including around 15,000 in France and 10,000 in the United States.

A camera fixed on top of a moving tank broadcasts high quality signal in real time, allowing players from as far apart as Australia and Canada enjoy the game without facing any time delay in delivering video signals.

Its creators next ambition is to devise a game featuring the colonization of Mars in which 1,000 people will be able to simultaneously control robots on different missions involved in the operation.

“Many people advise us to contact Elon Musk directly because it resonates his dreams and ideas,” Beskrestnov jokes.    

(Editing by Susan Fenton)

Source: OANN

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FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California
FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – Initial optimism over first-quarter results from Starbucks Corp was waning fast on Wall Street on Friday, as analysts questioned the longer-term prospects of its new sales push given subdued overall customer traffic numbers especially in China.

The company on Thursday beat brokerage estimates for quarterly same-store sales on the back of demand for its new Cloud Macchiato, Matcha tea and cold brews in the United States.

However, BTIG’s Peter Saleh was one of a number of sector analysts who said while customers forking out for higher-priced new drinks had helped drive growth in same-store sales, “anemic” traffic at cafes remained a concern.

He and others pointed to a 1 percent decline in footfall at cafes in the Chinese market, viewed as crucial to the chain’s growth for the foreseeable future.

More broadly, transaction numbers, the substitute analysts use for customer traffic, were unchanged in all three of the company’s global regions.

Shares in the company, which hit a record high after the results on Thursday, fell 1 percent in morning trade.

“We remain cautious given near-term headwinds surrounding China, including cannibalization, increasing competition (and) a slowing economy,” Wedbush analyst Nick Setyan said.

Starbucks has also poured money into beefing up its delivery network in China as it battles with local startup Luckin Coffee, whose speedy growth led it to file for an IPO in the United States earlier this week.

New menu items and partnerships with delivery services, the heart of the company’s strategy to win back customers lost to artisanal coffee shops and cheaper fast-food rivals, did help Starbucks’ sales in its home market.

However, analysts said growth in China may continue to be subdued.

Wells Fargo analyst Bonnie Herzog said she expects store expansion in China to take priority over comparable sales growth.

She downgraded her rating on Starbucks’ to “market perform” from “outperform”, arguing that the company facing tough sales comparisons later on in 2019 from last year and the current rich valuation of shares meant the stock had limited room to rise.

“Investors will be hesitant to invest new money in a stock with a topline that, while still strong, is unlikely to meaningfully accelerate,” Herzog said.

Still, the company’s solid same-store growth in the United States, improving profit margins and a lower tax rate for the rest of the year led at least 6 Wall Street brokerages to raise their price targets on the stock to as high as $81.

11 of 29 brokerages rate Starbucks “buy” or higher, 17 “hold” and 1 “sell” or lower. Their median price target is $75.

(Reporting by Uday Sampath in Bengaluru)

Source: OANN

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