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Woman guzzles down 6-pack of beer inside Target dressing room, steals $200 in merchandise, cops say

A suspected shoplifter was arrested Saturday after allegedly stealing a six-pack of beer, guzzling it down inside a Target dressing room and then walking out of the store with $200 in unpaid merchandise.

Police in Lathrop, California said Elysia Johnson walked into a local Target and filled a shopping cart with clothing and a six-pack of Stella Artois beer. She then locked herself inside one of the dressing rooms and spent more than an hour “drinking the six-pack.”

“After consuming the six beers, Johnson exited the store without paying for any of the times. She had over $200 worth of items in her possession,” police said in a Facebook post Sunday.

MICHIGAN WOMEN ACCUSED OF STEALING AT TARGET DURING ‘SHOP WITH A COP’ EVENT

The Target loss prevention officer detained Johnson until police arrived and she was arrested on a shoplifting charge.

Johnson also had three outstanding warrants: for petty theft, battery, and resisting, obstructing or delaying a peace officer, the Sacramento Bee reported.

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She is being held on $60,000 bail and is set to appear in court Tuesday.

Source: Fox News National

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'Simpsons' Producer Pulls Michael Jackson Episode

An old episode of "The Simpsons" featuring the voice of Michael Jackson is being pulled from all future broadcasts, the show's producer said in the wake of a documentary about alleged child abuse by the late pop star.

"It feels clearly the only choice to make," said James L. Brooks, The Wall Street Journal reports.

The long-running cartoon show featured Jackson in 1991, during its third series, in a episode called "Stark Raving Dad." He voiced a character in a psychiatric ward who believed he was the pop star.

Media representatives for "The Simpsons" were not immediately available for further comment.

In the documentary, "Leaving Neverland," two adult men say they were befriended by Jackson and abused by him from the ages of 7 and 10 in the early 1990s.

It prompted a mixture of horror and disbelief when it ran on U.S. cable channel HBO on Sunday and Monday. Some radio stations in Canada and the Netherlands stopped playing Jackson's music.

Jackson's family called the documentary and news coverage of the accusations a "public lynching" and said he was "100 percent innocent." His estate filed a lawsuit against HBO in February, saying the program breached an agreement that the cable channel would not disparage Jackson.

The "Thriller" singer, who died in 2009, was acquitted in 2005 of charges of molesting a 13-year-old boy, unrelated to the documentary, at his Neverland ranch in California. In 1994, he settled a sexual abuse lawsuit concerning another 13-year-old boy.

Source: NewsMax America

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War of words: Oppressed English speakers targeted in escalating Cameroonian conflict

The conflict ignited almost three years ago; when minority English speakers in the Ambazonia region of Africa’s Cameroon started to speak out against the onslaught of persecution and discrimination of the dominant French-speaking government.

Only the response from the leadership was fast and furious. The situation has since escalated into a bloody battle of linguistics.

“The English-speaking, independent minority have been marginalized and treated as slaves and second class citizens. This is unbearable,” Pastor Nche Sam Takoh, 45, told Fox News from his home in Ambazonia. “If anyone speaks out against the atrocities and loathing committed by the military, you are targeted and killed, beheaded, and sometimes instantly burned alive.”

Commonly referred to as the Anglophone region, the self-declared Republic of Ambazonia – which is home to most of the country’s 25 percent English speakers have long been deemed the nation’s most poverty-stricken and underprivileged.

“Cameroon is imploding from the inside and the level of uncertainty is extremely dire,” noted David Otto, director of Counter-Terrorism and Organized Crime for the Africa-focused Global Risk International security firm. “There are multiple cases of systematic rape, summary executions, extortion, public decapitation, mutilations, amputations, arson in villages, hospitals, unlawful detention, mass arrest and humiliation tactics from both state and non-state actors.”

MALE RAPE EMERGING AS ONE OF THE MOST UNDER-REPORTED WEAPONS OF WAR

He said that more than 2,000 Cameroonians have been “disappeared” or killed, and many more seriously maimed or wounded by the bloodletting actions perpetrated by both armed separatist groups, government forces and “criminal elements” taking advantage of the crisis.

“There is a scorched earth policy of the military burning down houses, hospitals, schools. Bodies are burned to hide the evidence,” Takoh claimed.

Men arrested in connection with Cameroon's anglophone crisis are seen at the military court in Yaounde, Cameroon, on December 14, 2018. - Nearly 300 people who were arrested in connection with Cameroon's anglophone crisis will be released on Friday, a day after being pardoned by President Paul Biya, the defense minister said.

Men arrested in connection with Cameroon's anglophone crisis are seen at the military court in Yaounde, Cameroon, on December 14, 2018. - Nearly 300 people who were arrested in connection with Cameroon's anglophone crisis will be released on Friday, a day after being pardoned by President Paul Biya, the defense minister said. (AFP/Getty)

Data provided to Fox News from the Armed Conflict Location and Event Data Project (ACLED) underscored that since the start of this year alone, there have been some 46 battles, riots, protests and other violent incidents. 30 separate battles between Anglophone separatists and the French-dominant government, and at least 15 more that have resulted in violence against civilians – resulting in 11 reported fatalities.

According to UN estimates, more than 400 have been killed in the mayhem, and a further 437,000 people have been displaced, the vast majority being women and children. Over 100 schools have been burned to the ground, and entire villages are said to have been erased.

Last month a Cameroonian nonprofit group the Rural Women Center for Education and Development documented that over 300 school-age girls had become pregnant as a result of rape, perpetrated by all sides of the conflict, with many resorting to savage and life-threatening abortion methods.

CAMEROON SEPARATISTS CHOP OFF FINGERS OF PLANTATION WORKERS

Abductions by militias have also become commonplace. Last week, a 20-person university football team was kidnapped during a training session, and after days of apparent torture, were finally released and taken to the hospital. Such crimes are often committed without a group claiming responsibility, and fingers are pointed at the government and at Anglophone separatists.

Much of the frustration of the Anglophone community has been spurred by the protracted, iron-fist governing of Cameroon’s Francophile government, led by 85-year-old President Paul Biya. He has ruled since 1982 but spends the majority of his time in Switzerland.

In response to queries over whether any pressure had been put on government leadership over the alleged atrocities, the Swiss embassy in Washington told Fox News that they encourage “dialogue between the government and humanitarian organizations” and that “as a neutral and multilingual country, Switzerland further tries to support the handling of bilingualism in Cameroon.”

The Cameroon Embassy in Washington did not respond to a request for comment.

And although the slaughter has attracted little international attention since its inception, U.S. officials are starting to raise red flags over the matter.

“We continue to be extremely concerned about the situation there,” Ambassador Michael Kozak said earlier this month following the release of the 2018 Country Reports on Human Rights Practices, which underscored the “ongoing and excessive and arbitrary violence committed by the government and its security forces.”

“Not only do you have terrorist organizations, but then you’ve got the dispute between the Anglophone regions and the central government. We have had many discussions with the Cameroonian authorities about the need to investigate and hold accountable security forces when they commit abuses.”

BRITISH ACTOR WHO JOINED ANTI-ISIS FIGHT SAYS HE'S HAVING TROUBLE GAINING RE-ENTRY TO ENGLAND, U.S.

While not explicitly a conflict that is religious in nature, given that both English and French speakers make up the 53 percent who deem themselves Christian, devoted churchgoers say they have been swept up into the turmoil despite their constant cries for peace on all sides.

The Council of Protestant Churches of Cameroon declared in November that over 50 primary and secondary schools, as well as Christian hospitals, have been impacted. Late last year, the military also took over four churches and turned them into military barracks. A few weeks earlier, some 79 children were abducted by gunmen from a Presbyterian Church school in the region’s capital, Bamenda, and returned – withered and psychologically scarred – days later, while their teacher and principal remained in captivity. The boarding school was forced to shudder after threats of further aggression.

Simon Munzu, a former UN official, who is campaigning for peace in the Anglophone regions of Cameroon, shows a threat message posted against him on social media by separatists during an interview with Reuters in Yaounde, Cameroon.

Simon Munzu, a former UN official, who is campaigning for peace in the Anglophone regions of Cameroon, shows a threat message posted against him on social media by separatists during an interview with Reuters in Yaounde, Cameroon. (Reuters)

At least 100 pastors from the Presbyterian Church in Cameroon, according to the Church's official account, are estimated to have fled their homes as the situation deteriorates.

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“When churches attempt to mediate or assist members of one side of the crisis, they become targets for those on the other side of the conflict,” explained Jeff King, President of International Christian Concern. “And in the midst of violence, Christian institutions have been figuratively caught in the crossfire of conflict.”

Source: Fox News World

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Mets’ deGrom receives clean MRI exam

FILE PHOTO: MLB: New York Mets at Atlanta Braves
FILE PHOTO: Apr 14, 2019; Atlanta, GA, USA; New York Mets starting pitcher Jacob deGrom (48) pitches against the Atlanta Braves during the first inning at SunTrust Park. Mandatory Credit: Dale Zanine-USA TODAY Sports/File Photo

April 23, 2019

The MRI exam of New York Mets right-hander Jacob deGrom’s right elbow revealed no damage on Monday, and the reigning National League Cy Young Award winner could make his scheduled Friday start.

The Mets were breathing a sigh of relief after the club ace’s exam came back clean.

“No problems whatsoever,” New York general manager Brodie Van Wagenen told reporters. “We got the answers we were hoping for.”

After the exam came back without a problem, deGrom threw a 30-pitch bullpen session prior to Monday’s game against the Philadelphia Phillies.

DeGrom was placed on the 10-day injured list on Friday but “felt completely normal” during a throwing session the following day.

“After getting some treatment (Friday) and getting things moving around, I started feeling a little better,” deGrom told reporters after the Saturday session. “So I decided to throw today and actually felt good with how it went.”

DeGrom is eligible to be activated on Friday when the Milwaukee Brewers come to town.

He was roughed up badly in each of his past two starts to see his ERA soar to 3.68.

After allowing no runs and eight hits over 13 innings while winning his first two starts, deGrom allowed nine runs and 13 hits in nine innings over the past two. Most alarming was that he served up five total homers in the two setbacks.

The 30-year-old recently signed a five-year, $137.5 million extension.

DeGrom posted a spectacular 1.70 ERA and struck out 269 in 32 starts last season while winning the Cy Young Award despite having a 10-9 record.

Also Monday, the Mets activated third baseman Todd Frazier (oblique) from the injured list, and he was set to make his season debut against the Phillies. Frazier, 33, batted .213 with 18 homers and 59 RBIs in 115 games last season.

Left-hander Justin Wilson (elbow) was placed on the injured list, right-hander Paul Sewald was optioned to Triple-A Syracuse and infielder Luis Guillorme was recalled from the same club.

The 31-year-old Wilson was 1-1 with a 3.24 ERA in nine appearances this season. Sewald, 28, had a 3.60 ERA in three appearances for New York earlier this season, and the 24-year-old Guillorme was 1-for-9 in eight appearances with the Mets earlier this season.

Second baseman Robinson Cano (right hand) wasn’t listed in the starting lineup one day after being hit by a pitch.

–Field Level Media

Source: OANN

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Peter Schiff Slams Fed for Printing Money While Artificially Keeping Interest Rates Down

During the New Orleans Investment Conference, Peter Schiff participated in a panel discussion with Ben Hunt and Mike Larson. They talked about bubbles, booms and busts.

Hunt called it the “bubble of everything.” But he said the “gravitational force” created by all of the assets central banks have purchased over the last year have changed the “bubble-popping process.” That makes it hard to predict when things will actually start to deflate. He said it will take something the undermines the market confidence that central banks can bail us out. Hunt said inflation was possibly the pin that could prick the bubble.

Larson called it the “uber-bubble,” and he said he already sees some of the background concerns that have been simmering for  a long time are starting to “bubble over.” (Pun intended.) He said the last two bubbles were high in amplitude, but limited to certain parts of the economy (dot-coms and housing). The current bubble isn’t as high in amplitude, but it’s broader-based. We see bubbles in stocks, high-yield bonds, housing (again), and commercial real estate, along with a lot of other assets you don’t hear as much about – such as art and comic books.

“I think the process of unwinding this is already beginning.”

Peter focused in on the cause of the bubbles.

“When you see rampant, wide-scale bad decisions, generally a central banker is behind it, and they have made a bad decision to create too much money and to artificially manipulate interest rates down.”

This creates distortions in the economy because interest rates are really nothing more than price signals.

“And like all prices, they need to be determined by the free market.”

Whenever the government – and central banks are really an extension of governments – price fixes something, it creates big distortions and malinvestments.

“We have had artificially low-interest rates for an unprecedented number of years at an unprecedented low rate. So, the mistakes that have been made during this time period dwarf the mistakes that have ever been made in any bubble in the past because the bubble is so much bigger.”

When a bubble finally bursts, it’s really just the free market trying to clean up the mess created by the intervention. The bigger the boom, the bigger the bust.

“The problem now is that the boom is so big that the bust will be catastrophic. And what’s going to make this bust different is that there is no bailout. There is no stimulus. It is impossible to reflate this bubble, because, as has been said, this is a bubble of everything. They can’t make a bubble go someplace else. It already is everyplace.”

(Photo by Wikimedia Commons)

Peter said the only place there isn’t a bubble is in gold. That means there is also a bubble in complacency and optimism.

“People are so drunk on all this cheap money, they think nothing can go wrong.”

As far as what pin will prick the bubble, Peter said there are all kinds of pins out there. The problem is that when you’re in a bubble, you can’t see the pins.

The panel goes on to discuss some of the specific manifestations of the bubbles and where they see trouble spots.

And Peter makes a pitch for gold, saying his 24 karat gold cufflinks will outperform the S&P 500 over the next five years. He pointed out that when they started popping the dot-com bubble, gold was under $300. It got as high as $1,900 in 2011.

“This game is not over. The fat lady hasn’t sung yet. When this final bubble pops, gold is going through the roof –I do think that by the time this bubble has run its course, you’ll be able to buy the Dow Jones for an ounce of gold.”


Owen Shroyer delivers an epic rant on how U.S. soldiers were disrespected at the southern border by the Mexican Army.

Source: InfoWars

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U.S. Transportation Department probes FAA approval of 737 MAX: WSJ

FILE PHOTO: Boeing 737 MAX aircraft are parked at a Boeing production facility in Renton, Washington
FILE PHOTO: Boeing 737 MAX aircraft are parked at a Boeing production facility in Renton, Washington, U.S., March 11, 2019. REUTERS/David Ryder/File Photo

March 18, 2019

(Reuters) – The U.S. Department of Transportation is investigating the Federal Aviation Administration’s approval of Boeing Co’s 737 MAX jetliners, the Wall Street Journal reported on Sunday, citing people familiar with the probe.

The Transportation Department’s inquiry was launched in the wake of October’s Lion Air accident that killed 189 people and is being conducted by its inspector general, which has warned two FAA offices to safeguard computer files, the Journal said.

Boeing did not immediately respond to a request for comment. The Federal Aviation Administration declined to comment. Two government officials briefed on the matter said it would not be surprising for the Transportation Department’s inspector general to investigate a major safety issue but could not immediately confirm the report.

(Reporting by Ismail Shakil in Bengaluru)

Source: OANN

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Bad Weather Boosts Negative Restaurant Reviews

There are a few things that will result in poor customer reviews of a restaurant: bad service, bad food — and bad weather.

A study of 32 Florida restaurants found that customers left more negative remarks on comment cards on days when it was raining than on days when it was dry.

Results showed the odds of patrons leaving very negative comments versus very positive comments were 2.9 times greater on rainy days.

In two other online studies done in other parts of the country, results suggested that unpleasant weather left people in bad moods, which was then linked to them having less positive views about the restaurants they visited.

“Restaurant managers may see more than the usual bad reviews on certain days, and it may have nothing to do with the service or the quality of the food,” said Milos Bujisic, co-author of the study and assistant professor of hospitality management at The Ohio State University.

“Restaurants can’t control the weather, but it may affect how customers review them.”

The research appears online in the Journal of Hospitality and Tourism Research and will be published in a future print edition.

While weather was not the most important factor in how customers reviewed their dining experience, it can’t be ignored, said study co-author Vanja Bogicevic, a visiting assistant professor of hospitality management at Ohio State.

“It may be a smaller factor, but it is something that managers should pay attention to,” Bogicevic said.

In the first study, researchers examined the comments cards left at the Florida restaurants, all part of the same national fast-casual chain.


Alex Jones breaks down how vaccines are used to trigger deadly amounts of fluoride and glyphosate already present inside your body.

The researchers rated the comments on a five-point scale from 1 (very negative) to 5 (very positive). They also examined weather data from the National Climatic Data Center for each restaurant’s location on the days comment cards were left.

They examined 14 different weather variables, but only three were related to customer comments — rain, temperature and barometric pressure.

Higher temperatures — which in Florida, can often mean it is uncomfortably hot — were linked to more negative comments.

Higher barometric pressure was also connected to negative comments in Florida, which is also probably different from much of the country, the researchers said, because rising pressure is often associated with fair weather. In warmer climates, high barometric pressure is often linked to higher daytime temperatures.

Two other studies conducted online offered more insight into exactly how weather affected customer evaluations.

In one study, 158 people from around the country who visited a restaurant within the last 24 hours were asked to rate and describe the weather conditions right before their restaurant visit. They also rated their own mood and what kind of “word-of-mouth” review they would give the restaurant — in other words, whether they would recommend the restaurant and tell others positive things about their experience.

Results showed that people who described the weather as more pleasant also rated their mood more positively. Better moods — and not the weather itself — were related to more positive word-of-mouth.

(Photo by Pexels)

A third study specifically targeted people living in the Midwest, Northeast and Northwest regions of the United States, where the weather is variable over the year.

This study involved 107 people. Some were asked whether they visited a restaurant in the last seven days during pleasant weather, and some were asked if they had visited a restaurant in unpleasant conditions (very cold, raining or snowing).

Participants who reported eligible conditions for the study then answered questions about their mood that day, their dining experience and whether they would give good word-of-mouth to the restaurant.

Similar to the previous study, pleasant weather elevated consumers’ moods, which was linked to a better rating of their restaurant experience and better word-of-mouth compared to those who visited in unpleasant weather.

Bujisic noted that bad weather may affect not only the mood of customers, but also the wait staff and others who serve the customers.

“A rainy day may put employees in a bad mood and that will affect their service,” he said. “Managers need to explain that to their employees and work to keep them motivated.”

In addition, managers may want to find ways to boost customers’ moods during unpleasant weather, Bogicevic said.

“Think about creative strategies to make customers happy. Maybe offer a free drink or play more upbeat music,” she said.


After being exonerated, the Trump campaign’s statement on the Mueller report reveals they area ready to fight for the justice they deserve.

Source: InfoWars

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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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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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