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Ford adds production of electric vehicles at secon North American site

FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid

March 20, 2019

By Ben Klayman

DETROIT (Reuters) – Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year.

The No. 2 U.S. automaker said it is investing about $900 million in southeast Michigan and creating 900 jobs through 2023 as part of its electric vehicle push. That includes a plan to invest more than $850 million to expand production capacity at its Flat Rock, Michigan, plant to build EVs.

“When we were taking a look at our $11 billion investment in electrification, it became obvious to us that we were going to need a second plant in the not-too-distant future to add capacity for our battery electric vehicles,” Joe Hinrichs, Ford’s president of global operations, said in a telephone interview.

Ford is negotiating an alliance with Germany’s Volkswagen AG to work together on electric and autonomous vehicles. Hinrichs said those talks have been positive, but that there was nothing to announce.

Ford in January 2018 said it would increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup. That investment figure was up from the previous target of $4.5 billion by 2020.

Automakers have been boosting investment in the development of EVs in part because of pressure from regulators in China, Europe and California to slash carbon emissions from fossil fuels. They also are being pushed by electric carmakers like Tesla Inc.

Of the 40 vehicles, Ford said at the time that 16 would be fully electric and the rest would be plug-in hybrids.

The Flat Rock plant, which currently employs 3,400 people, builds the Ford Mustang and Lincoln Continental cars. The plant investment includes adding a second shift and funding to build the next-generation Mustang.

Ford already was planning an all-electric sport utility vehicle in 2020 that will be built at its Cuautitlan, Mexico, plant.

The Dearborn, Michigan-based automaker also said on Wednesday that it will build its first self-driving vehicles for use by commercial customers at a new manufacturing center in southeast Michigan starting in 2021, and will build its next-generation North American Transit Connect commercial and passenger van in Mexico starting that same year.

The next-generation Transit Connect small van will be built at Ford’s Hermosillo, Mexico, plant and increases U.S. and Canadian vehicle content consistent with the proposed new North American trade agreement, the company said. The vehicle is now built in Spain.

Hinrichs said he is optimistic Congress will approve the proposed United States-Mexico-Canada Agreement (USMCA).

(Reporting by Ben Klayman in Detroit; Editing by Susan Thomas)

Source: OANN

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Four dead, hundreds detained after Venezuela blackout: rights groups

Protest against Venezuelan President Nicolas Maduro's government in Caracas
People wave the national flag from their windows during a protest against President Nicolas Maduro's government in Caracas, Venezuela, March 12, 2019. REUTERS/Carlos Garcia Rawlins

March 14, 2019

By Shaylim Valderrama

CARACAS (Reuters) – Four people were killed and at least 300 were detained in association with protests and looting that took place during Venezuela’s nationwide blackout, rights groups said on Thursday.

The OPEC nation suffered its worst blackout in history last week following technical problems that the government of President Nicolas Maduro called an act of U.S.-backed sabotage but critics dismissed as the result of incompetence.

Rights groups Provea and the Venezuelan Observatory of Social Conflict said via Twitter that three people were killed in the central state of Lara and one person was killed in the western state of Zulia. The cause of the deaths was unclear.

Alfredo Romero of rights group Foro Penal said at a news conference that 124 people had been detained in protests over public services since the March 8 blackout and that another 200 were arrested over looting.

The Information Ministry did not immediately respond to a request for comment.

Power has returned to many parts of Venezuela, though service has not been fully restored to scattered areas of the capital Caracas and much of the western region.

Venezuela plunged into a deep political crisis in January when Juan Guaido, head of the opposition-controlled congress, invoked the constitution to assume an interim presidency, arguing Maduro’s 2018 re-election was a sham.

That move has put Venezuela at the heart of a geopolitical tussle, with the United States leading most Western nations in recognizing Guaido as the legitimate head of state, while Russia, China and others support Maduro.

Guaido is scheduled to join a meeting of local residents in the El Hatillo district of the capital of Caracas on Thursday.

The blackout that began a week ago left hospitals struggling to keep equipment running, and food rotted in the tropical heat. The nongovernmental organization Doctors for Health said 26 people died in public hospitals during the blackout.

The western state of Zulia suffered intense looting that hit some 350 businesses.

(Reporting by Shaylim Valderrama and Vivian Sequera, Editing by Rosalba O’Brien)

Source: OANN

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Venezuelan power struggle creates diplomatic duel abroad

When Lorena Delgado approached the Venezuelan consulate in Colombia's capital on a recent afternoon hoping to extend the life of her expiring passport, she found the metal gates to the languishing building shuttered.

Days earlier, Venezuelan leader Nicolas Maduro had severed ties with the neighboring Andean nation where over a million of his compatriots have fled in recent years, recalling all his diplomats and leaving the consulate and embassy buildings closed.

The man challenging Maduro's claim to the presidency had appointed a new ambassador, but he was at a loss about how to help her. Despite the fact that Colombia recognizes Juan Guaido as Venezuela's legitimate president, the ambassador he sent does not have access to the consulate or the ability to issue passport extensions.

"You feel trapped," said Delgado, 32, who needs to travel abroad to apply for a work visa. "We're in limbo."

As Venezuela's power struggle stretches on, a parallel dispute for control of embassy buildings in the countries recognizing Guaido as Venezuela's true president has taken root. While new opposition-appointed diplomats are being recognized around the world, the United States is the only nation where they control a consulate building. In no country do Guaido's envoys have the ability to carry out basic tasks like issuing a passport, as Venezuela's civil registration agency remains under the control of Maduro.

The diplomatic duel has left the estimated 3.4 million Venezuelans who now live abroad stuck between two administrations. In most countries holdover consular employees continue to carry out tasks like registering births abroad while new, Guaido-appointed ambassadors remain outside embassy walls, symbols of their movement's lagging advance.

"At this moment, we don't have a solution from either side," said Paola Soto, 25, who is trying to reunite with her 5-year-old son in Chile.

The battle for diplomatic recognition is largely taking place behind closed doors, but it has occasionally spilled out into public.

In February, the Guaido-appointed ambassador to Costa Rica, Maria Faria, announced she had taken control of the embassy in San Jose, proudly posting on Twitter a photograph of herself standing in front of a Venezuelan flag inside the building. A shouting match erupted outside when the Maduro-appointed diplomats tried to get in.

Costa Rica's Ministry of Foreign Affairs, despite recognizing Faria as Venezuela's ambassador, issued a statement deploring her actions, saying she'd broken an established protocol allowing Maduro appointees 60 days to leave.

In March, a similarly confusing incident took place in Lima, Peru when workers were spotted at night removing chairs and even a stately bust of South American independence hero Simon Bolivar from the Venezuelan embassy. The furniture was put back inside after anti-government protesters decried them.

"You've robbed enough in Venezuela!" one angry woman shouted.

More recently, on Monday, Guaido's U.S. ambassador announced he was taking control of the New York consulate and two military-owned buildings in Washington where images of Maduro have now been replaced with portraits of Guaido.

Venezuelan Foreign Minister Jorge Arreaza accused the United States of violating articles of the Vienna Convention on Diplomatic Relations that require host countries to protect foreign embassy buildings even when ties are severed.

He warned that if the U.S. doesn't fulfill its international obligations, the Venezuelan government could pursue legal action and retaliate with reciprocal action - a not so veiled threat that they might occupy the recently vacated U.S. Embassy in Caracas. The U.S. withdrew all embassy personnel from Caracas due to safety concerns after Maduro severed ties with the U.S. over its support for Guaido.

Gustavo Marcano, an exiled Venezuelan mayor who now works for the Guaido-backed Venezuelan embassy in the U.S., said the building acquisition is one of several attempts to ensure Venezuela's assets abroad are protected. The U.S. is also working to transfer other prized belongings, like Houston-based CITGO, a subsidiary of Venezuela's state oil company, to Guaido.

"This is the first step toward ending usurpation," he said from inside the Manhattan consulate, where photos of the late socialist leader Hugo Chavez still hung on the walls.

He added that while they cannot issue documents like passports, the Guaido-led consulate does plan to look for other remedies to help the increasingly large number of Venezuelans who possess no valid form of identification. One idea being floated is the creation of a consular-issued identification card that would be recognized by the host nation.

In other countries, the Guaido-named ambassadors are taking a gentler approach, choosing to slowly work toward eventually taking control of consulates in conjunction with the host nation's foreign relations ministry - or avoiding the topic altogether.

Humberto Calderon, the appointed ambassador to Colombia, said he's focused more on tending to Venezuelan migrants, viewing occupying the buildings as a potential agitator that could harm Colombians living in Venezuela.

"It's our decision," he said. "We haven't wanted to do it."

Calderon once served as Venezuela's energy minister and is working from a hotel. He said that when Maduro severed diplomatic relations with Colombia, nearly all the consular staff left, boarding a government-sent plane and flying home. He's had no access to anything they left behind in the buildings.

In other countries, some Maduro employees have stayed on, gingerly sidestepping the higher-voltage political fight.

In Peru, five Maduro-appointed envoys will remain in place to carry out consular functions, according to a high-ranking Venezuelan official who spoke on condition of anonymity because he was not authorized to discuss the situation. He said that after talks with Peru's foreign ministry, an agreement was reached allowing them to remain in the country and continue working in the embassy, even though the nation recognizes Guaido's ambassador.

"The objective is to maintain consular relations," he said. "Not diplomatic ones."

That's a scenario that's likely to play out in most countries: Even as more than 50 heads of state declare their allegiance to Guaido, necessity will inevitably compel them to maintain a range of ties to the Maduro government.

"Ultimately it's not in any country's real interest to maintain an embassy that's run by staff that have no ability to advance commercial or consular interests," said Geoff Ramsey, a Venezuela researcher at the Washington Office on Latin America.

He pointed to the case of the Netherlands, which despite backing Guaido, has pledged to keep the Maduro consular staff intact in the Dutch Caribbean island of Curacao, which stands about 40 miles from Venezuela's coast. The Netherlands has joint ventures with Venezuela's giant state-run oil company at stake.

"It's very much a dual diplomacy situation for many of these countries," Ramsey said.

Soto said she doesn't know how to explain the standoff to her son, who left by plane from Venezuela with his father over a year ago. Ever since she's been trying to meet up with him in Chile but has gotten stuck in Colombia.

"There's no solution," she said. "Not here, not in Venezuela, nowhere."

_

Associated Press writer Claudia Torrens contributed to this report.

_

Follow Christine Armario on Twitter: http://www.twitter.com/cearmario

Source: Fox News World

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High School Teen Ordered to Remove MAGA Shirt, Hat Receives Apology from Principal

A freshman at a high school in New Hampshire received an apology from her principal after she was ordered to remove a shirt and hat promoting President Donald Trump.

Ciretta MacKenzie, 15, says she was confused because she wore the items to celebrate the school’s American Pride Day, but last Monday Epping High School Principal Brian Ernest asked her to change her clothes because it could offend other students.

“It was a shirt and it only says, ‘Trump: Make America Great Again,'” Ciretta said. “It doesn’t say anything like ‘build a wall,’ so I don’t understand how anyone could be offended, how it’s disrespectful.”

MacKenzie’s story soon went viral after it was picked by local media.

She said the school went too far and violated her First Amendment rights.

“If it said no political gear, I could understand why it was dress coded but it didn’t say that, so I feel like I’m obligated to have my own opinion and other people can have theirs,” she said. “We don’t have to agree, that’s fine.”

On Friday Principal Ernest issued an apology to MacKenzie, saying he had acted in error.

“We have begun to draft a plan to move forward to promote civil discourse and diversity in our schools,” Ernest stated. “In retrospect, I want to fully acknowledge my error in judgment and sincerely apologize if my actions were misinterpreted and offended anyone. That was never my intention.”

School district superintendent Valerie McKenny also issued a statement to the community saying the incident should never have happened.

“The Epping School Board and Epping District’s position is that this event should not ever have taken place, and we are committed to the creation of a school environment that promotes open and free thought and dialogue.”

MacKenzie’s family is relieved and satisfied by the apology, according to CBS Boston.


Source: InfoWars

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AOC says she’ll sign Tlaib’s Trump impeachment resolution in wake of Mueller probe

Hours after the Department of Justice on Thursday released a redacted version of Special Counsel Robert Mueller’s report on the Russia investigation, Rep. Alexandria Ocasio-Cortez committed to adding her name to an impeachment resolution aimed at President Trump.

The New York Democrat revealed her intentions on Twitter, vowing to sign onto the resolution put forward by fellow freshman lawmaker Rep. Rashida Tlaib, D-Mich., last month.

The proposal calls on the House Judiciary Committee to probe whether or not the president committed any offenses that rise to the level of impeachment.

MUELLER REPORT SHOWS PROBE DID NOT FIND COLLUSION EVIDENCE, REVEALS TRUMP EFFORTS TO SIDELINE KEY PLAYERS

In announcing her decision, Ocasio-Cortez addressed the report, writing it “is clear in pointing to Congress’ responsibility in investigating obstruction of justice by the President.”

“While I understand the political reality of the Senate + election considerations, upon reading this DoJ report, which explicitly names Congress in determining obstruction, I cannot see a reason for us to abdicate from our constitutionally mandated responsibility to investigate,” she wrote in a follow-up tweet.

TRUMP DECLARES VICTORY AS MUELLER REPORT DROPS: ‘NO COLLUSION, NO OBSTRUCTION’

The report showed that investigators did not find evidence of collusion between the 2016 Trump campaign and Russia. Mueller, however, did not reach a conclusion on whether the president’s conduct amounted to obstruction, stating: "[W]hile this report does not conclude that the President committed a crime, it also does not exonerate him."

Ocasio-Cortez continued on Twitter, explaining that she doesn’t often speak about the matter of impeachment and would rather focus her attention on other matters. But the report’s release brought the subject to the forefront, she argued.

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“Many know I take no pleasure in discussions of impeachment. I didn’t campaign on it, & rarely discuss it unprompted,” she tweeted. “We all prefer working on our priorities: pushing Medicare for All, tackling student loans, & a Green New Deal.”

“But the report squarely puts this on our doorstep,” she wrote.

Fox News’ Brooke Singman and Liam Quinn contributed to this report.

Source: Fox News Politics

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Drunken Dems Need to Sober Up After Mueller Tequila Party

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Oh, how their heads hurt. After two intoxicating years, the Mueller Investigation & Media Tequila Party is over. Morning has come, and Democrats have opened their eyes to a pounding headache. Liquor bottles held high the night before now litter the floor: Democrats even ate the Michael Cohen worm. 

Inconveniently, the special prosecutor found no collusion. Those who imbibed most have been left stumbling, trying to explain how Donald Trump covered up the crime no one committed. But the feast was moveable, and the partygoers celebrated each other. They are convinced it was not overindulgence that caused their hangover; merely that they stopped drinking. A little hair-of-the dog is all we need. Pour us another Margarita, and let’s get this party started again.

In the confusion, more sober leaders reasserted control. Old pro Nancy Pelosi determined Democrats are not going to raise the flag of impeachment now, understanding it will become even less likely as the 2020 election grows closer. Delay, delay, delay, Pelosi believes, until the mystic chords of impeachment become memories that never again swell. 

Pelosi did have to throw her caucus’s fine young radicals a bone: Madam Speaker gave them impeachment without impeachment. Democrats will be allowed to hold hearings and pursue investigations. That will keep Trump in the spotlight, Democratic activists motivated, and MSNBC fed.

Pelosi has even gotten most of her 2020 presidential candidates on board. With the notable exceptions of Kamala Harris and Elizabeth Warren, most Democratic contenders are calling it closing time. It is a remarkable display of the speaker’s power, considering the Democratic field has expanded to 20 candidates, requiring at least two clown cars. Poor Joe Biden is just entering the race.

Sen. Harris, who tells us she is not a socialist, just another Democrat who supports Bernie Sanders’ socialist agenda, would like to party on. She has said, “I believe Congress should take the steps toward impeachment.” California’s junior senator is sinking in the polls despite or, perhaps, because of her powerful socialist/impeachment one-two punch. She has dropped 6 points in New Hampshire, falling to 4% support, the survey’s margin of error. Technically, Harris may have erased herself.

Warren, who has been defined by her war with Trump over her illusory Native American heritage, has also worked her way down to near nothing in the same survey, notching only 5%. The Massachusetts senator, too, would like to extend impeachment festivities and she embraces every possible radical orthodoxy, including reparations for oppressed minorities, confiscating billionaires’ wealth, and canceling student debt. How would you like to be the last generous soul to pay off his or her student loan, just before Warren erases everyone else’s?

Harris and Warren provide lessons for Democrats who hear “Hail to the Chief” every time they rouse crowds with molten, anti-Trump rhetoric: Voters who don’t support Donald Trump aren’t looking for a Democratic Trump replica. They are looking for an alternative. Hot Democrats who balance Trump's fire with their own aren't different from our current president. They are just the other side of Trump's coin. One of his great gifts is magnetism: The Donald drags his adversaries into no-rules-barred combat on the muddy turf where he fights best.

Yet, the Democrat gaining momentum is not a rabid, anti-Trump fanatic, nor a radical, collectivist zealot. Pete Buttigieg is the calm to Trump’s storm, the still waters to this president's tempest. As others have noted in the now obligatory veneration, the gay, 37-year-old, left-handed Mayor of Smallville is an articulate polymath who speaks numerous languages, quotes Scripture, plays piano, and has studied history, philosophy, and ethics. If Buttigieg’s resume is a contrast to the president’s, so is his joyful maturity, which stands in staggering contrast to the cheerless and substanceless knife fights that pass for Republican and Democrat debate these days, ravenously merchandized by our sensationalist news media. When Bernie Sanders flies into space, for example, endorsing the right of convicted terrorists, rapists, and pedophiles to vote while in prison, it is the young mayor who plays grown-up, elegantly distancing himself from Sanders’s enflamed radicalism by saying, simply, “No, I don’t think so.” 

Cool as an after-dinner mint, Buttigieg uncommonly resorts to reason to explain his positions, avoiding name-calling, charges of senility, or accusations of treason. "Part of the punishment when you are convicted of a crime and you're incarcerated is you lose certain rights. You lose your freedom," Buttigieg told a town-hall audience. "And I think during that period, it does not make sense to have an exception for the right to vote."

Often, voters want in their next president what they didn’t find in their last one. That’s trouble for Sanders who, in many ways, parallels Trump, a fellow radical, white-hot populist who aims to overthrow the corrupt Washington establishment. Sanders, we might argue, is Donald Trump with a smaller balance sheet, no experience leading anything, and a college sophomore’s naïveté.

Joe Biden is calmer than Donald Trump, but the dead often are. Having lost twice, Biden 2020 is the sequel to movies no one went to see in 1988 and 2008. He is #YesterdaysCandidate, the old, white male that today’s Democrats crave to run against. Biden still owns a 1967 Corvette. It is an antique everyone admires, but no one would drive today.

No Democratic candidate provides a brighter alternative to Donald Trump than Pete Buttigieg. Could he give the incumbent a real run for his billions? Maybe, but Trump is still the odds-on favorite for re-election. 

First, he’s doing a good job delivering growth, jobs, and higher wages, and Democrats admit as much when they openly hope the economy won’t be in as good a shape in 2020. Desperate prayers for an economic downturn do not usually evolve into promising strategy. Second, Buttigieg is a self-described democratic capitalist and a voice of reason, but only in comparison to the rest of his left-lurching party. He is at home in a party that has swallowed Sanders’ socialist agenda whole. Behind his moderate appearance, he embraces the tenets of the global elite, including a carbon tax. That is the tax that alienated the working class from the cognoscenti in Emmanuel Macron’s France. Third, Buttigieg is young and untested, and newbie challengers often get beat when the economy is doing well. Adversaries don’t have to persuade people to vote against them, just to put them back in the pantry until they have time to ripen. Lastly, Democrats have control of the House and a reasonable shot of taking the Senate in 2020, when Republicans will defend 22 of the 34 seats contested. 

A turbulent Donald Trump may make the case that he is actually the candidate of stability and restraint, the indispensable counterbalance to a rabid and socialist Democratic Party, proving that God does have a sense of irony, if not humor. So party on, Democrats. As someone once wrote, “There is a great independence, and a confident immunity to risk, in all drinks made out of cactus.”

Alex Castellanos is a Republican strategist, a founder of Purple Strategies and a political analyst for ABC News.

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Democrat O’Rourke tops field, raising $6.1 million on day one of presidential campaign

Democratic 2020 U.S. presidential candidate Beto O'Rourke speaks with supporters during a three day road trip across Iowa, in Mount Pleasant
Democratic 2020 U.S. presidential candidate Beto O'Rourke, 46, speaks with supporters during a three day road trip across Iowa, in Mount Pleasant, Iowa, U.S., March 15, 2019. REUTERS/Ben Brewer

March 18, 2019

WASHINGTON (Reuters) – Democrat Beto O’Rourke raised more than $6.1 million in the first day after declaring his candidacy for his party’s 2020 presidential nomination last week, his campaign said on Monday, highlighting his fundraising prowess in a crowded field.

His fundraising puts him at the top of a Democratic pack of more than a dozen candidates including Bernie Sanders, the independent U.S. senator who unsuccessfully sought the Democratic Party’s nomination in 2016. Sanders raised $5.9 million in the first 24 hours of his 2020 campaign.

O’Rourke kicked off his presidential campaign on Thursday in a video on social media and joined a Democratic field that includes a number of veteran U.S. lawmakers.

The former congressman from Texas raised a record $38.1 million in his failed 2018 effort to unseat Republican U.S. Senator Ted Cruz, more than in any other U.S. Senate race and more than three times what Cruz raised.

Sanders’ campaign held the previous one-day record for the Democrats’ 2020 contest and has said he raised about $10 million by the end of his campaign’s first week.

In contrast, some other Democrats reported raising much smaller initial totals. U.S. Senator Amy Klobuchar reported raising more than $1 million in her campaign’s first 48 hours, while Washington Governor Jay Inslee reported more than $1 million three days after entering the race.

Democrats have sworn off big money in their challenge to Republican U.S. President Donald Trump, who began his re-election campaign this year with $19.2 million in cash.

Contributions for O’Rourke raised online came “without a dime from PACs, corporations or special interests, he received contributions from every state and territory in the nation,” his campaign said in a statement.

U.S. Senator Elizabeth Warren became the first Democratic candidate to formally reject traditional means of campaign funding, saying she would not hold political fundraising events with pricey admission fees.

All candidates next month must disclose how much money they raised in the first quarter.

(Reporting by Ginger Gibson and James Oliphant; Writing by Susan Heavey; Editing by Steve Orlofsky)

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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