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Federalist editor sees need to know Mueller probe’s full origins

Mollie Hemingway, senior editor at The Federalist, says that though many think it’s important to move on from the Mueller report following Thursday’s expected release, one aspect that calls for further exploration is how it all began.

“People talk about moving on. That's important because there are serious policy issues that fixing our border and other things Congress needs to work on -- but how did the investigation ever start?” Hemingway said on “Special Report with Bret Baier” on Wednesday.

MUELLER'S QUESTIONS FOR TRUMP

“It was used, not just during the campaign but in the interim, before he [Trump] became president and for the first two years of his administration, to undermine him," she said. "It affected foreign policy and his ability to get things done.”

Hemingway emphasized that answers were needed in order to avoid a recurrence of the circumstances behind the inquiry.

“People need to make sure the report is put into context. It is not just there was a legitimate reason to look into Russia collusion and there were no indictments ... for Russia collusion or obstruction, but a story about how people weaponized information and used it to go after political opponents,” Hemingway told Baier.

“That absolutely must be looked into. We absolutely need to get answers so that it doesn't happen again and the people who did it are held accountable.”

Barr will release a redacted version of Mueller's full investigative report on Thursday morning.

Democrats are expected to file subpoenas to see what's behind the redactions.

Wall Street Journal columnist Jason Riley said Democrats will continue to second-guess the report, but its findings will stand.

“Clearly the Democrats are very upset by this finding. I think what we are going to see is them combing through this report second-guessing Mueller's findings on no collusion, second-guessing the Justice Department decision that there was no obstruction of justice because there was no underlying crime, and you will see Trump's team push back and say pick it apart all you want,” Riley said.

“Doesn't change the central conclusions, no collusion and no obstruction.”

TRUMP LEGAL TEAM PREPARES MUELLER COUNTER-REPORT ON OBSTRUCTION ALLEGATIONS

Amy Walter, national editor of the Cook Political Report, added that no matter what the report says Thursday, it will have no bearing on how the public views President Trump. “His approval ratings, disapproval ratings haven't moved much given the many things that have happened over the last two years.”

Source: Fox News Politics

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Researchers Examine Bright Glow From Empty Space

Particles traveling through empty space can emit bright flashes of gamma rays by interacting with the quantum vacuum, according to a new study by researchers at the University of Strathclyde.

It has long been known that charged particles, such as electrons and protons, produce the electromagnetic equivalent of a sonic boom when their speeds exceed that of photons in the surrounding medium. This effect, known as Cherenkov emission, is responsible for the characteristic blue glow from water in a nuclear reactor, and is used to detect particles at the CERN Large Hadron Collider.

According to Einstein, nothing can travel faster than light in vacuum. Because of this, it is usually assumed that the Cherenkov emission cannot occur in vacuum. But according to quantum theory, the vacuum itself is packed full of “virtual particles,” which move momentarily in and out of existence.

These ghostly particles are usually not observable but, in the presence of extremely strong electric and magnetic fields, they can turn the vacuum into an optical medium where the speed of light is slowed down so that high velocity charged particles can emit Cherenkov gamma rays. This is totally unexpected in a vacuum.


Alex Jones breaks down what the globalists are keeping from humanity.

A group of Physics researchers at Strathclyde have found that in extreme conditions, such as found at the focus of the world’s most powerful lasers, and the huge magnetic fields around neutron stars, this ‘polarised’ vacuum can slow down gamma rays just enough for Cherenkov emission to occur. This means that the highest energy cosmic rays passing through the magnetic fields surrounding pulsars should predominantly emit Cherenkov radiation, vastly in excess of other types such as synchrotron radiation. The research has been published as an Editors’ Suggestion in Physical Review Letters. It formed part of the EPSRC funded Lab in a Bubble project led by Professor Dino Jaroszynski, to investigate a suite of fundamental phenomena occurring in laser-plasma interactions, with applications in industry, security and medicine.

Professor Jaroszynski said: “The Lab in a Bubble project is providing a unique opportunity to use high power lasers to advance both fundamental knowledge and advanced technology for the benefit of society. “This is a very exciting new prediction because it could provide answers to basic questions such as what is the origin of the gamma-ray glow at the center of galaxies? Also, it provides a new way of testing some of the most fundamental theories of science by pushing them to their limits.

“What is more, it will make a major contribution to the new High Field frontier of physics, made possible by the remarkable advances in laser technology which gained the award of the 2018 Nobel Prize in Physics.” Dr. Adam Noble, who conceived the idea and led the theoretical research effort, said: We take it for granted that nothing can come out of empty space consisting of pure vacuum. But this is not quite true; modern quantum physics says otherwise, and there are some intriguing surprises.

“There is a huge international effort to push forward the limits of laser technology. While this is driven by the many practical applications of high power lasers, its success will depend on understanding all the fundamental processes involved in laser-matter interactions. These results reveal a new aspect of these processes.”

(Photo by NASA, ESA, and the Hubble Heritage Team / Wikimedia Commons)

Alexander Macleod, who also worked on the project as part of his Ph.D. project, said: “Quantum electrodynamics is one of the best-tested theories in physics, with extraordinary agreement between theoretical predictions and experimental data. But this agreement has only been verified in the weak-field regime. Vacuum Cherenkov radiation offers a new way to test whether it survives in the strong-field limit.”

Lab in a Bubble is a £4.5million Strathclyde-led, EPSRC-funded project for the production of bubble-sized ‘laboratories’ which could boost cancer treatment, medical imaging and industrial processes, in addition to enabling the investigation of fundamental physics problems.

Researchers in the international project aim to use high-powered lasers to conduct experiments in plasma bubbles so small that their diameters are equivalent to one-tenth of the cross-section of a human hair. Plasma forms 99.999% of visible matter in the universe.


Now that the Deep State coup has been exposed, insiders say President Trump is ready to use every tool he has to finally defeat the Deep State.

Source: InfoWars

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Waltrip reflects on career as driver, broadcaster

NASCAR: Food City 500-Practice
Apr 5, 2019; Bristol, TN, USA; NASCAR hall of famer Darrell Waltrip speaks during a press conference discussing his retirement from Fox Sports after practice for the Food City 500 at Bristol Motor Speedway. Mandatory Credit: Randy Sartin-USA TODAY Sports

April 6, 2019

BRISTOL, Tenn. – A day after it was announced that Darrell Waltrip would end his broadcasting career this year, the three-time Monster Energy NASCAR Cup Series champion sat down and spoke with the media about his legendary career behind the wheel and in the television booth.

“Some people have thought that this was a spur-of-the-moment decision, something that I decided to do over the last two or three weeks,” Waltrip said Friday at Bristol Motor Speedway, where he won 12 times. “That is so far from the truth. …

“Anybody that’s done what I’ve done, whether it’s a driving career or a TV career, you can always look back and say ‘maybe should have done something different, maybe I should have thought about this or maybe I should have thought about that.’

“This is my home. For 60 years of my 72 I was holding on to something. I was holding on to a steering wheel for 30 years; I let go of that wheel and I grabbed on to a microphone. And I held on to a microphone for another 19 years. I’ve always been holding on to something.”

Waltrip, along with Mike Joy and former series crew chief Larry McReynolds, made up the original booth talent for FOX Sports when the network began NASCAR coverage in 2001. The move to television came after a driving career that saw Waltrip win series championships in 1981-82 and 1985 as well as 84 races.

In 2016, three-time series champion Jeff Gordon joined Waltrip and Joy in the booth.

As a racer in the early 1970s, Waltrip rocked the established stars of the day almost from the moment he arrived on the scene. By the end of the decade, he was winning multiple races and contending for championships. He was both loved and loathed as a competitor by fans and fellow drivers alike.

His career as a broadcaster was equally notable as he quickly helped merge two very different eras of the sport, identifying seamlessly with the older established followers while teaching a younger audience the ins and outs of NASCAR.

Mike Helton, vice chairman of NASCAR, noted that Waltrip has made “a remarkable impact on a lot of people personally but on our industry in general.

“I count my blessings as I get older about those that I have been able to share my career with, but you’re right there among the top,” Helton told Waltrip. “You’re a remarkable person.”

Waltrip will remain in the booth for the remainder of the FOX portion of the 2019 racing season, which concludes June 23 at Sonoma (Calif.) Raceway.

A replacement has not been named.

“They say you get what you give,” Waltrip said. “Well, I gave a lot. But I got a whole lot more in return.”

BLANEY HOPES TO TRANSFORM EARLY SEASON SPEED INTO WINS

The speed has been present nearly every race. There is no disputing that, as Ryan Blaney has had a fast car capable of contending in all seven Monster Energy NASCAR Cup Series races this season.

But while Blaney has had speed and led the third-most laps, that speed has not translated into winning. Instead, happenstance and miscues have contributed to what Blaney acknowledges has been a frustrating season heading into the Food City 500 on Sunday at Bristol Motor Speedway (2 p.m. ET on FS1, PRN and SiriusXM NASCAR Radio).

“There are moments you get frustrated at it,” Blaney said. “You just wish stuff would stop happening.

“The good thing is we’ve had speed all year. Honestly, I think we’ve had cars good enough to win almost every single one of them — at least have a shot at them.”

Blaney’s season began by crashing-out of the Daytona 500, a race he spent the majority of running up front before being collected in a multi-car accident with 10 laps remaining. Then came consecutive 22nd-place finishes at Atlanta Motor Speedway and Las Vegas Motor Speedway, where again Blaney’s No. 12 Team Penske Ford was among the fastest cars on the track but mistakes and luck prevented him from contending.

Then came last week, when the gremlins that inflicted Blaney to start the season returned at Texas Motor Speedway. He was leading when his car began billowing smoke, later diagnosed as a parts failure that caused the water to leak out and caused the engine to blow. In a race where he led 45 laps, Blaney finished 37th.

“We had that run there of really good finishes like we finished where we had been running,” Blaney said. “I wouldn’t say it’s relieving, but it was nice to finally actually not have anything go wrong in those races. And then, you look at last week leading the race and a part falls off and we end up blowing up. That part is frustrating.”

NASCAR XFINITY SERIES DASH 4 CASH KICKS OFF THIS WEEKEND

Saturday’s Alsco 300 NASCAR Xfinity Series race brings additional incentive for four drivers — the series’ seventh race is the first for this year’s Dash 4 Cash bonus program.

Tyler Reddick (Richard Childress Racing No. 2 Chevrolet), Christopher Bell (Joe Gibbs Racing No. 20 Toyota), Chase Briscoe (Stewart-Haas Racing No. 98 Ford) and Michael Annett (JR Motorsports No. 1 Chevrolet) qualified for the opening round of the program based on their respective finishes a week earlier at Texas Motor Speedway.

The highest finishing Dash 4 Cash-eligible driver in any of the four races — consecutive stops at Bristol, Richmond (Va.) Raceway, Talladega (Ala.) Superspeedway and Dover (Del.) International Speedway — earns a $100,000 bonus.

The drivers agree on one thing — competing in a Dash 4 Cash event is very similar to NASCAR’s season-ending playoffs. The goal is to win the race but finishing ahead of the other qualifiers will be enough to collect the six-figure bonus.

“At the beginning … you still want to win the race,” Bell noted. “But at the end of the race, if you’re not in position to win, then it really changes. It almost kind of relates to the final four at Homestead because you’re only racing three other competitors.”

Reddick says his approach is the same as it would be for any race, but that “you kind of look at it like a cutoff (elimination) race.

“I’ll pay closer attention to Chase and Michael than I have in the past … obviously me and Christopher have been pretty even about everywhere we’ve gone this year.”

Said Annett: “I definitely think it comes into play when it’s not your day, you can turn it into it and not necessarily have to win the race. That’s the biggest thing — taking chances that you probably wouldn’t for a fifth- or sixth-place finish.”

NATALIE DECKER READIES FOR NASCAR K&N PRO SERIES EAST DEBUT

Natalie Decker, 21, will make her NASCAR K&N Pro Series East debut Saturday at Bristol Motor Speedway, competing in the Zombie Auto 150 for DGR-Crosley. A native of Eagle River, Wis., Decker recently returned from Spain where she was one of 28 finalists competing for 18 spots in the new all-female W Series.

While she failed to make the final cut, Decker said the experience was unforgettable.

“It was amazing and so wonderful,” Decker said. “I’m so happy I did it. I have a lot to learn in road racing; I had never done that before.

“It was really cool to get that experience and I learned a lot. Maybe one day I can race an F3 car, but I really don’t want to do that now. I really want to focus on (NASCAR). I really wanted to do the W Series just because of what they were doing for women and being a part of that.”

Decker has made three starts for the DGR-Crosley team this year in the NASCAR Gander Outdoors Truck Series. Her best finish was 13th at Las Vegas Motor Speedway.

Bristol’s fast, high-banked, 0.533-mile layout left a quick impression.

“When I first pulled in, I was getting dizzy just trying to look at everything,” she said. “I couldn’t imagine what it would be like when I got out on the track.

“It was totally different. I come from short-track racing, but this is a whole new level of short-track racing. I’ve raced at Slinger Speedway (in Wisconsin) and that’s a really banked track but this is just totally different.”

NASCAR HALL OF FAMERS WALTRIP, ALLISON TO SERVE AS PRE-RACE DIGNITARIES

Legendary racers Darrell Waltrip and Bobby Allison will serve as pre-race dignitaries for Sunday’s Food City 500. Allison will give the command “Gentlemen, start your engines,” while Waltrip will wave the green flag from the flag stand to officially start the race. The two NASCAR Hall of Fame drivers combined for four Cup Series championships and 168 victories. … John Hunter Nemechek (GMS Racing) paced the first of two Xfinity Series practices at BMS while Cole Custer (Stewart-Haas Racing) led the final session. … Harrison Burton, son of former NASCAR Cup driver Jeff Burton, is making his Xfinity Series debut at Bristol. The youngster was seventh fastest in the opening round and 13th in the latter session. … BMS officials announced a multi-year extension with race sponsor Food City on Wednesday. The regional grocery chain has held the naming rights to the spring MENCS event since 1992. It is the second longest race entitlement in the series. Coca-Cola has been the primary sponsor for the annual Coca-Cola 600 at Charlotte Motor Speedway since 1985.

–By Kenny Bruce, NASCAR Wire Service. Special to Field Level Media.

Source: OANN

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Disorderly Brexit to hit Irish jobs: think tank

A man walks on Grafton Street in Dublin
A man walks on Grafton Street in Dublin, Ireland August 14, 2017. Picture taken August 14, 2017. REUTERS/Clodagh Kilcoyne

March 26, 2019

DUBLIN (Reuters) – Irish employment would be 3.4 percent lower if Britain leaves the European Union without a deal than it would be if its neighbor remained in the bloc, a study showed on Tuesday, presenting a more severe outcome than previous research.

Ireland’s 2.3-million-strong workforce would create 80,000 fewer jobs over the next 10 years through a combination of job cuts and roles that would otherwise have been created if Britain leaves without any orderly transition for trade, the government-commissioned report said.

Ireland’s Finance Ministry had forecast 50,000 fewer jobs in a similar scenario.

Due to the two country’s close trading links, the Economic and Social Research Institute’s (ESRI) study estimated that even if Britain makes an orderly agreed exit from the EU, employment would still be 1.8 percent lower than if trade remained as it is now, the equivalent of 45,000 jobs.

All forecasts published to date suggest that Ireland’s fast growing economy – which has outstripped every other EU country for each of the past five years – will still grow if Britain leaves with or without a deal, but at a slower pace.

The ESRI, which is an independent think-tank partly funded by the finance department, said gross domestic product would be 2.6 percentage point lower than it otherwise would have been in 10 years time with a deal and 5 percent in a chaotic no deal.

The initial Finance Ministry research from January suggested that GDP would be 4.25 percentage points less than forecast by 2023 under a disorderly Brexit, while the Irish central bank put the hit at 6 percentage points over a decade

(Reporting by Padraic Halpin; Editing by Janet Lawrence)

Source: OANN

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New round of U.S. tariffs a ‘modest’ hit for euro area: ECB

FILE PHOTO: Sign of the European central Bank (ECB) is seen ahead of the news conference on the outcome of the Governing Council meeting, outside the ECB headquarters in Frankfurt
FILE PHOTO: Sign of the European central Bank (ECB) is seen ahead of the news conference on the outcome of the Governing Council meeting, outside the ECB headquarters in Frankfurt, Germany, March 7, 2019. REUTERS/Kai Pfaffenbach/File Photo

April 24, 2019

FRANKFURT (Reuters) – A new round of tariffs between the United States and its main partners would only cause a “modest decrease” in the pace of economic growth in the euro zone, according to research by the European Central Bank.

The study simulated a two-way, 10 percent increase in tariff and other trade barriers between the world’s largest economy and all its partners.

It showed an “overall modest decrease in activity” in the euro area due to fading global confidence outweighing a boost to EU exports to countries other than the United States.

The study also showed a decrease of fewer than 10 basis points in the real income of German households from tariffs on the automotive sector even after taking into account cross-country production linkages, known as global value chains (GVC) in economic parlance.

To read the study, which builds on ECB research from last year, please click:

https://www.ecb.europa.eu/pub/economic-bulletin/focus/2019/html/index.en.html

(Reporting By Francesco Canepa; Editing by Angus MacSwan)

Source: OANN

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Netanyahu passes threshold for nomination as Israel’s premier

FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu gestures during a weekly cabinet meeting in Jerusalem
FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu gestures during a weekly cabinet meeting in Jerusalem, April 14, 2019. REUTERS/Ronen Zvulun/File Photo

April 16, 2019

By Jeffrey Heller

JERUSALEM (Reuters) – Israel’s president said on Tuesday a majority of parliament members had advised him to have Prime Minister Benjamin Netanyahu form a government after the April 9 election, effectively ensuring his nomination.

In office for the past decade, Netanyahu won a fifth term despite an announcement by Attorney General Avichai Mandelblit’s in February that he intends to charge the prime minister in three corruption cases. Netanyahu has denied wrongdoing.

Under law, President Reuven Rivlin chooses a party leader whom he judges has the best prospect of putting together a ruling coalition. He will announce his candidate on Wednesday.

In broadcast remarks on Tuesday, the second day of Rivlin’s public consultations with political parties on their preferences for prime minister, he said Netanyahu “now has a majority of Knesset members” behind him.

“Any room I had for maneuver has effectively been removed at this moment,” the president said.

Netanyahu’s nomination had been a foregone conclusion after his right-wing Likud party captured the largest number of seats in the Knesset in last week’s ballot and his closest rival, centrist Benny Gantz, conceded defeat.

Netanyahu has said he intends to build a coalition with five far-right, right-wing and ultra-Orthodox Jewish parties that would give the Likud-led government 65 seats, four more than the outgoing administration he heads.

Representatives of all of those parties told Rivlin at the meetings, broadcast live on the Internet, that they recommended Netanyahu get the nod.

Gantz, a former military chief of staff whose Blue and White party won 35 parliamentary seats, would likely be next in line to try to assemble a government if Netanyahu fails to do so within 42 days of being chosen by Rivlin.

Netanyahu is under no legal obligation to resign if indicted. He can still argue, at a pre-trial hearing with Mandelblit whose date has not been set, against the formal filing of bribery and fraud charges against him.

The Israeli leader, whose supporters hail his tough security policies and international outreach, is set to become the country’s longest-serving prime minister in July.

(Editing by Mark Heinrich)

Source: OANN

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Split with Bajin not over money: Osaka

FILE PHOTO: Brisbane International
FILE PHOTO: Tennis - Brisbane International - Women's Quarter Finals - Pat Rafter Arena, Brisbane, Australia, January 3, 2019 Japan's Naomi Osaka with coach Sascha Bajin before her match against Latvia's Anastasija Sevastova REUTERS/Patrick Hamilton/File Photo

February 18, 2019

(Reuters) – World number one Naomi Osaka was adamant that her shock split with coach Sascha Bajin had nothing to do with money but it was because she was determined that her career would not be about putting “success over happiness”.

The German had guided the Japanese player to back-to-back Grand Slam titles as well as to the summit of the WTA rankings. But just two weeks after her triumph at Melbourne Park, Osaka abruptly severed ties with Bajin. That led to suggestions the two had fallen out over money.

“Everyone thinks it was a money-related issue, but it wasn’t,” the U.S. and Australian Open champion told the WTA in Dubai. “That’s one of the most hurtful things I’ve ever heard.

“I travel with everyone on my team, I see them more than my family. I would never do that to them.

“My reason is I wouldn’t put success over my happiness – that’s my main thing. I’m not going to sacrifice that just to keep a person around.”

Bajin, a former hitting partner of Serena Williams, Victoria Azarenka and Caroline Wozniacki, was named as the WTA’s coach of the year in 2018 after his success with Osaka.

During their time together, Osaka rocketed from 72 in the world at the start of 2018 to number one last month.

Osaka said it was clear things were not right between them during the season’s opening major.

“It was kind of brewing in Australia. I think some people could see that if they saw how we interacted,” the 21-year-old added.

“I would not want to split on really bad terms. I’m not going to say anything bad about him because, of course, I’m really grateful for all the things he’s done.

“During the Australian Open, I was just trying to tell myself to get through it. I’m not sure, but I think you guys noticed.”

Osaka said she hopes to have a new coach in place by March at Indian Wells.

“It’s not really ideal to go to Indian Wells without a coach. I don’t want someone that’s in the box saying negative stuff. That would be the worst,” she said.

“(I want) someone that’s kind of direct, not afraid to say things to my face. I’d rather someone say it directly to me than go around my back. That’s one of the biggest things.”

(Reporting by Pritha Sarkar, editing by Greg Stutchbury)

Source: OANN

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

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

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

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

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

School authorities instituted a similar measure in 2016.

Source: Fox News World

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

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

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

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

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

Source: Fox News World

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

April 26, 2019

By Ryan Woo

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEED FOR CASH

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

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

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

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

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

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

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

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

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

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

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

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

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

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

STATE COMPETITION

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

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

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

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

Source: Fox News World

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

April 26, 2019

By Patricia Weiss and Ludwig Burger

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

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

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

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

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

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

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

Bayer is appealing or plans to appeal the verdicts.

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

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

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

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

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

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

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

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

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

Source: OANN

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