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Limo company operator pleads not guilty in fatal crash

The operator of a limousine company has pleaded not guilty to 20 counts each of criminally negligent homicide and second-degree manslaughter in a crash that killed 20 people in upstate New York.

Nauman Hussain was arraigned Wednesday in Schoharie County Court. State police have said the 2001 Ford Excursion stretch limousine should not have been on the road due to safety issues.

The limo ran a stop sign at a T-intersection and crashed beside a country store on Oct. 6.

Defense attorney Lee Kindlon said in a court brief that records demonstrate the company's efforts to maintain the vehicle's road-worthiness. He said the road design contributed to the accident.

Hussain has been free on $150,000 bail bond since October. Judge George Bartlett raised it Wednesday to $225,000 cash or $450,000 bond.

Source: Fox News National

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Autos lead rally in European shares on trade hopes, China data

FILE PHOTO: The German share price index DAX graph at the stock exchange in Frankfurt
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 28, 2019. REUTERS/Staff/File Photo

April 1, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares were on course for their biggest daily gain in eight weeks on Monday, as a surprise recovery in China’s factory data and signs of progress in Sino-U.S. trade talks boosted investor sentiment on the first trading day of second quarter.

Following the best quarterly performance in four years, the pan-European index climbed 0.9 percent at 0922 GMT, with all major sectors higher.

While gains spread across all regional bourses, Germany’s trade-sensitive DAX outperformed with its 1.3 percent rise, helped by 3 percent jump in auto stocks which were set for their best daily surge since Jan. 4.

Peugeot SA rose about 3 percent while Fiat Chrysler Automobiles gained 1.6 percent on a report that the two companies are exploring a partnership to share investments to build cars in Europe.

European chip stocks were another bright spot after better-than-expected results from Apple-supplier Foxconn Industrial.

Shares in Dialog Semiconductor Plc, Infineon Technologies, Ams AG and Siltronic AG and STMicroelectronics N.V. rose between 3 percent and 5 percent.

The upbeat mood spilled over from Asian markets, after both official and private surveys showed factory activity in China unexpectedly grew for the first time in four months in March.

China’s economic data comes on the heels of fresh concerns over a slowing world economy that resurfaced last month after the U.S. Federal Reserve abruptly ended its plans for policy tightening this year and signals from the bond market of an imminent recession.

“The economic growth in China will strengthen from here and that is the strongest signal which is driving the markets today,” said Naeem Aslam, chief market analyst at TF Global Markets (UK) Ltd in London.

In contrast, markets seemed to shrug off a survey that found factories in the euro zone had their worst month in March for almost six years. Another survey showed Germany’s Markit’s Purchasing Managers’ Index (PMI) for manufacturing fell to an 80-month low reading of 44.1.

“The German number is nothing short of a disaster. We are talking of recession territory over here and this is a huge concern for the European Central Bank. But for the markets today, the focus is on China and the optimism around it,” Aslam said.

Adding to the buoyant mood, China said over the weekend that it would continue to suspend additional tariffs on U.S. vehicles and auto parts after April 1, the latest sign of optimism as the world’s two largest economies work out a deal to end their trade dispute.

Swiss logistics group Panalpina jumped 14 percent on bowing to an increased 4.6 billion Swiss francs ($4.6 billion) bid from Danish rival DSV, ending a more than two-month takeover battle designed to build scale in the consolidating transport sector.

EasyJet slipped 7 percent, among the biggest decliners on the STOXX, after the British low-cost airline warned that demand and pricing were suffering from Brexit jitters and a weaker economic outlook.

Ryanair Holdings also shed over 3 percent.

London’s FTSE 100 and the Dublin bourse, often seen as a barometer for Brexit sentiment, rose 0.7 percent each.

Britain’s exit from the European Union was in disarray after a third defeat of Prime Minister Theresa May’s divorce deal left her under pressure from rival factions to leave without a deal, go for an election or forge a much softer divorce.

Parliament will vote on different Brexit options on Monday and then May could try to bring her deal back to a vote in parliament one more time, possibly as early as Tuesday.

Goldman Sachs says the balance of risks around Brexit outcomes is tilted toward a softer, longer departure from the European Union, after a May’s withdrawal agreement was rejected for a third time.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Peter Graff and Jon Boyle)

Source: OANN

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Stock futures higher as Fed kicks off policy meeting

A trader passes by screens showing Spotify on the floor at the NYSE in New York
FILE PHOTO: A trader passes by screens showing Spotify on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 13, 2019. REUTERS/Brendan McDermid

March 19, 2019

By Medha Singh

(Reuters) – U.S. stock futures rose slightly on Tuesday as investors anticipated a more accommodative policy stance from the U.S. Federal Reserve in a two-day policy meeting this week.

A flurry of downbeat economic data this month has supported market expectations that the Fed may reinforce a halt to further rises in interest rates.

The Fed concludes its deliberations with a news conference on Wednesday.

Investors will also be watching out for the central bank’s “dot plot,” a diagram showing individual policymakers’ rate views for the next three years, along with details on its plan to reduce holdings in bonds.

Traders currently expect no rate hikes this year, and are even building in bets for a rate cut in 2020.

Optimism that the Fed will remain less aggressive in raising rates and hopes of a resolution to a bitter trade dispute between the U.S. and China helped the markets claw back most of their losses from late last year.

The benchmark S&P 500 hovers at a five-month high and is just 3.5 percent away from its September record closing high.

At 7:04 a.m. ET, Dow e-minis were up 102 points, or 0.39 percent. S&P 500 e-minis were up 11.25 points, or 0.4 percent and Nasdaq 100 e-minis were up 27 points, or 0.37 percent.

Technology and financial stocks helped Wall Street’s three main indexes rise on Monday, the benchmark index and the tech-heavy Nasdaq’s fifth rise in last six sessions.

The blue-chip Dow’s advance has been hindered by Boeing Co as the world’s largest planemaker faces increased scrutiny in the wake of two deadly crashes of its 737 MAX aircraft in five months.

Boeing shares slipped 0.6 percent in premarket trading on Tuesday after shedding about 12 percent since the March 10 plane crash in Ethiopia.

Chip designer Nvidia Corp jumped 1.6 percent on partnering with Softbank Group Corp and LG Uplus Corp to deploy cloud gaming servers in Japan and Korea later this year.

In economic news, data at 10 a.m. ET is expected to show new orders for U.S.-made goods rose 0.3 percent in January after edging up 0.1 percent the month before.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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At least 49 dead in 'terror' attacks in New Zealand; Trump veto expected

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Developing now, Friday, March 15, 2019

'TERROR ATTACK' LEAVES AT LEAST 49 DEAD IN NEW ZEALAND: One person has been charged in connection with a “well-planned” terrorist attack that killed 49 people and injured dozens more in two mosques in New Zealand on Friday, authorities said ... The New Zealand police said four people -- three men and one woman -- were in custody in connection with the attack. Investigators later defused a number of improvised explosive devices that were found inside vehicles. Prime Minister Jacinda Arden described the suspects as one principal, two associates and one person not directly connected to the attacks. She said the suspects were not on any security watch lists. Australian Prime Minister Scott Morrison confirmed that one of the detainees was a 28-year-old white Australian-born citizen. He described the suspect as “an extremist, right-wing, violent terrorist.”

No motive has been determined. However, a man who claimed responsibility for the shootings described anti-immigrant views in a manifesto. Investigators did not rule out that more suspects could be involved. Police were also working to remove an unconfirmed video that circulated online showing a suspect entering a building and firing multiple shots at people inside.

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TRUMP VETO LOOMS: President Trump is expected to issue his first-ever veto on Friday after Senate Democrats, joined by 12 Republicans, voted to block his declaration of a national emergency at the U.S.-Mexico border ...  The president made his intentions crystal clear, tweeting "VETO!" moments after the resolution against the plan passed Thursday. The vote was 59-41, despite White House efforts to keep the GOP united on the issue of border security.

CLASS-ACTION LAWSUIT FILED IN COLLEGE ADMISSIONS SCANDAL: The University of Southern California, Yale and several other elite colleges are being sued by multiple students and graduates who claim they were denied a fair opportunity for admission and have had their degrees devalued due to a college cheating scheme detailed by federal officials Tuesday ... The University of San Diego, the University of Texas at Austin, Wake Forest, Georgetown, Stanford, Yale and USC -- along with William “Rick” Singer, who was called the ringleader of the admissions scheme -- were also named as defendants. The plaintiffs claim they weren’t given a fair opportunity to be accepted into the elite colleges where they'd applied because some people were allegedly admitted based on fake athletic profiles and distorted SAT and ACT scores obtained through bribes. Meanwhile, in wake of the charges she faces in the college admissions scandal, actress Lori Loughlin was dropped by the Hallmark Channel, a representative confirmed to Fox News on Thursday.

FILE - In this Tuesday, Feb. 5, 2019 file photo, former Democratic Texas congressman Beto O'Rourke laughs during a live interview with Oprah Winfrey on a Times Square stage at "SuperSoul Conversations," in New York. O'Rourke formally announced Thursday that he'll seek the 2020 Democratic presidential nomination, ending months of intense speculation over whether he'd try to translate his newfound political celebrity into a White House bid. (AP Photo/Kathy Willens, File)

FILE - In this Tuesday, Feb. 5, 2019 file photo, former Democratic Texas congressman Beto O'Rourke laughs during a live interview with Oprah Winfrey on a Times Square stage at "SuperSoul Conversations," in New York. O'Rourke formally announced Thursday that he'll seek the 2020 Democratic presidential nomination, ending months of intense speculation over whether he'd try to translate his newfound political celebrity into a White House bid. (AP Photo/Kathy Willens, File)

MIXED REACTION FOR BETO 2020: Though he initially said he wasn’t going to make a presidential run, former U.S. Rep. Beto O’Rourke reversed that decision, announcing his candidacy in the wee hours of Thursday morning ... The excitement among some of his supporters was palpable in the Democrat’s hometown, El Paso, Texas. Though some say O’Rourke’s candidacy raises excitement among Texans, politics professor Todd Curry, from the University of Texas at El Paso, is wary of notions that the candidate could flip this red state. “I still think we have to wait a few more election cycles until Texas is put into play,” said Curry. O’Rourke is set to hold a kickoff rally in El Paso on March 30.

MORE PROOF OF CLINTON FAVORITISM AT OBAMA'S DOJ? - The Justice Department "negotiated" an agreement with Hillary Clinton's legal team that ensured the FBI did not have access to emails on her private servers relating to the Clinton Foundation, former FBI special agent Peter Strzok testified during a closed-door appearance before the House Judiciary Committee last summer ... According to a newly released transcript, Strzok acknowledged that Clinton's private personal email servers contained a mixture of emails related to the Clinton Foundation, her work as secretary of state and other matters. Republicans late last year renewed their efforts to probe the Clinton Foundation, after tax documents showed a plunge in its incoming donations after Clinton’s failed 2016 presidential campaign. The numbers fueled longstanding allegations of possible “pay-to-play” transactions at the organization.

ISRAEL STRIKES BACK AFTER TEL AVIV ATTACK: The Israeli military early Friday announced it had launched airstrikes on “terror sites in Gaza,” a retaliatory move after rockets blamed on the militant group Hamas were fired on Tel Aviv ... The strikes occurred in Khan Younis, roughly 15 miles south of Gaza City, according to the Associated Press. There were no immediate reports of injuries. A Hamas naval base was targeted, the outlet reported, citing Palestinian media.


THE SOUNDBITE

AMAZON PRESSURE-COOKER - "You can’t take bathroom breaks, you can’t take water breaks without it counting against your rate. If it counts against your rate that means you have to work harder to be able to make up that rate because you took time away from standing there scanning or counting or picking to, you know, go to the bathroom or get you some water." Shannon Allen, a former Amazon employee-turned-whistleblower, on "Tucker Carlson Tonight," describing the pressure and conditions workers endure.

TODAY'S MUST-READS
John Gotti’s brother eyed in killing of reputed NYC Gambino crime boss: reports.
OPINION: Ocasio-Cortez again proves she's clueless on economics.
Minnesota Dems consider primary challenge against Ilhan Omar.

MINDING YOUR BUSINESS
Google directly benefiting Chinese military, says top U.S. general.
Target distances itself from Mossimo label amid college admissions scandal.
White House believes big U.S.-China trade deal could rocket Dow 2,000 points.

STAY TUNED

On Fox Nation:

The Big Story: The Shocking Story of Susan Smith, Part 2
"The Big Story" takes a closer look at some of the biggest headlines in American history. In this preview, a mother is charged with the murder of her two little boys, and now she must face not only the justice system, but also the court of public opinion. Watch a preview now.

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On Fox News:

Fox & Friends, 6 a.m. ET: Special guests include: Brian Kilmeade interviews Secretary of State Mike Pompeo. Former Border Patrol chief Mark Morgan on the escalating border crisis. Dan Henninger, deputy editor of the Wall Street Journal's editorial page, breaks down the "Accountable Capitalism Act." Geraldo Rivera, Fox News correspondent-at-large on the top headlines of the day.

On Fox Business:

Mornings with Maria, 6 a.m. ET: Special guests include: Roger McNamee, co-founder of Elevation Partners, on Facebook's woes.

Varney & Co., 9 a.m. ET: Special guests include: Jim Bridenstine, NASA administrator.

On Fox News Radio:

The Fox News Rundown podcast: "Hamas Rockets Attack Tel Aviv" - Tension in the Middle East has escalated after two rockets were fired at Tel Aviv from the Hamas-controlled Gaza Strip. Fox News Jerusalem correspondent Trey Yingst gives the latest update at the Israel-Gaza border. Two members of Congress want to eliminate daylight saving time altogether. U.S. Rep. Greg Steube, R- Fla., and a co-sponsor of a bill to erase daylight saving time, weighs in. Don't miss the "good news" with Fox News Tonya J. Powers. Plus, commentary by "Fox News Sunday" host, Chris Wallace.

Want the Fox News Rundown sent straight to your mobile device? Subscribe through Apple Podcasts, Google Play, and Stitcher.

The Brian Kilmeade Show, 9 a.m. ET: An interview with Secretary of State Mike Pompeo; and Adm. James Stavridis on the latest developments in North Korea, China and Venezuela; Chris Stirewalt, Fox News digital politics editor, on Beto O'Rourke's entry into the 2020 presidential race; U.S. Rep. Adam Kinzinger, R-Ill. on the battle over Trump's national emergency declaration; Geraldo Rivera, Fox News correspondent-at-large, and Dr. Drew Pinsky on the college admissions scandal.

The Todd Starnes Show, Noon ET: Todd Starnes gets reaction to the vote in the Senate on Trump's national emergency declaration from U.S. Sen. John Kennedy, R-La. and gets financial advice for Christians from Art Ally, found and president of Timothy Plan.

On Fox News Weekend:

Cavuto Live, Saturday, 10 a.m. ET: Border wall battle intensifies as President Trump threatens to use first veto over a Senate bill blocking his national emergency declaration. U.S. Sen. Ben Cardin, D-Md., on why he says former Vice President Joe Biden is the most qualified person for the top job. U.S. Rep. Al Green, D-Texas, on why he is still calling for Trump’s impeachment, despite Democratic leadership saying they won't pursue it. Former Massachusetts Gov. Bill Weld, a Republican, on why he’s considering challenging President Trump in 2020.

Fox News Sunday, Sunday, 2 p.m. and 7 p.m. ET: Special guests include: 2020 presidential candidate Pete Buttigieg, Democratic mayor of South Bend, Ind.

Life, Liberty & Levin, Sunday, 10 p.m. ET: Mark Levin sits down with former Secretary of Education Bill Bennett.

#TheFlashback
1998: CBS' "60 Minutes" airs an interview with former White House employee Kathleen Willey, who says President Bill Clinton made unwelcome sexual advances toward her in the Oval Office in 1993, a charge the president denied.
1985: The first internet domain name, symbolics.com, is registered by the Symbolics Computer Corp. of Massachusetts.
1977: The situation comedy "Three's Company," starring John Ritter, Joyce DeWitt and Suzanne Somers, premieres on ABC-TV.
1933: Joan Ruth Bader, now known as U.S. Supreme Court Associate Justice Ruth Bader Ginsburg, is born in Brooklyn, N.Y.

Fox News First is compiled by Fox News' Bryan Robinson. Thank you for joining us! Have a good day and weekend! We'll see you in your inbox first thing Monday morning.

Source: Fox News National

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Texas dad spins gun with finger at daughter’s birthday, accidentally shoots self in stomach

A Texas father shot accidentally shot himself in the stomach Saturday during his daughter’s 16th birthday and was rushed to the hospital, reports said.

The Houston man’s condition is unknown, but the shooting occurred while he was spinning the gun with his finger, Click2Houston.com reported.

It was not immediately clear what kind of firearm was used or whether or not the gun was legal.

Source: Fox News National

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U.S. tourist, guide kidnapped in Uganda freed after ‘settlement’: tour firm

Uganda’s police spokesperson Fred Enanga addresses the media on the rescue of Kimberley Sue Endecott at the police headquarters in Kampala
Uganda’s police spokesperson Fred Enanga addresses the media on the rescue of American tourist Kimberley Sue Endecott, who was abducted by gunmen in Queen Elizabeth National Park, at the police headquarters in Kampala, Uganda April 8, 2019. REUTERS/Newton Nabwaya

April 8, 2019

By Elias Biryabarema

KAMPALA (Reuters) – An American tourist and her guide who were abducted in Uganda last week were released after a “negotiated settlement” was reached with the kidnappers, the firm that organized her safari told Reuters on Monday.

Amid fears the incident could deter tourists from visiting the East African country, U.S. President Donald Trump called on Twitter for the kidnappers to be found.

Ugandan authorities said on Sunday that Kimberley Sue Endecott, 35, and her driver, Jean Paul, had been rescued unharmed after being seized by gunmen in Queen Elizabeth National Park, near the border with Democratic Republic of Congo, on April 2. The kidnappers later demanded a ransom of $500,000 for Endecott’s release.

The acknowledgement of negotiations with the captors follows reports in several local media outlets, including state-owned daily New Vision, that a ransom was paid before the two were freed.

“A negotiated settlement was arranged with the assistance of the American government,” a spokesman for the tour firm, Wild Frontiers Safaris Uganda, told Reuters. “I don’t have details of the final settlement”

New Vision reported on Monday, citing undisclosed sources, that a ransom of $30,000 had been paid.

In Washington, a State Department official said the United States maintains a “no concessions” policy that covers ransoms for Americans taken captive.

“We firmly believe that making concessions increases the risks for Americans and others traveling abroad,” the official said, adding that the United States had worked closely with Ugandan authorities for the release of Endecott. “We cannot get into the details of this case, but can confirm that we worked closely with our Ugandan counterparts,” the official added.

Uganda Police spokeswoman Polly Namaye said she could not confirm whether a ransom had been paid.

It remains unclear who was responsible for the abduction, which took place in an area once roamed by fighters belonging to the Allied Democratic Forces (ADF), an anti-Kampala rebel group that is now mostly dormant. The group is still believed to have camps in eastern Congo.

“Uganda must find the kidnappers of the American Tourist and guide before people will feel safe in going there,” Trump tweeted on Monday. “Bring them to justice openly and quickly!”

Tourism is a key source of foreign exchange for Uganda and there are concerns the incident might raise safety fears and discourage visitors.

In a tweet on Monday, President Yoweri Museveni promised to “deal with these isolated pockets of criminals.”

“I want to reassure the country and our tourists that Uganda is safe and we shall continue to improve the security in our parks. Come and enjoy the Pearl of Africa,” he wrote.

The last attack on tourists in a Ugandan park was in 1999. An American couple, four Britons and two New Zealanders were killed along with four Ugandan guides after being ambushed by gunmen in the Bwindi Impenetrable National Park, a few kilometers south of the Queen Elizabeth park.

Queen Elizabeth National Park is one of most visited in the East African country, with tourists flocking there to see lions, hippos, crocodiles and various types of antelope.

(Reporting by Elias Biryabarema; Additional reporting by Lesley Wroughton in Washington; Editing by Catherine Evans and Leslie Adler)

Source: OANN

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US Debt Unsustainable

Month after month, the Trump administration runs multi-billion dollar deficits. The national debt has ballooned to over $22 trillion. According to the most recent Treasury Report, the US has a net worth of negative $21.5 trillion. And this understates the problem.

As Wolf Richter of WolfStreet puts it, the US government has “debt out the wazoo.”

Is this sustainable?

In a recent WolfStreet report, Wolf analyzes the debt, who is buying it and why.

Wolf points out that few countries are in worse fiscal shape than the US. America is in the same situation as countries like Japan, Greece and Italy.

The US and Japan have one advantage over Greece, Italy and some other nations because they control their own currency. That means their central banks can simply print money to buy government debt.

The Bank of Japan continues to monetize its government’s debt, but over the last year, the Federal Reserve has not been buying US Treasurys. This may change soon with the end of the Fed’s balance sheet reduction program, but currently, the central bank is not propping up America’s spending binge. So, who is buying all of this debt?

And why?

Foreign investors hold $6.4 trillion in US Treasury debt. China and Japan rank as the largest foreign holders.

The Fed holds about $2.1 trillion in US debt.

US investors and institutions hold about 7.7 trillion – by far the largest category.

US government entities, such as pension funds and the Social Security Trust Fund hold nearly $6 trillion in Treasurys. Some argue this is money “we owe ourselves” so it cancels out. Wolf called this baloney.

“This money is owed to those beneficiaries and it doesn’t cancel out. It is a real debt that the US government owes and it has to pay.”

China’s holdings of US Treasurys are down about $46 billion from a year ago. In total, China and Japan’s combined hold about 10% of US debt. That’s down from a little over 11% in 2017.

Over the last 12 months, foreign investors added about $164 billion in US debt as the Federal Reserve shed around $250 billion. US government entities added $160 billion in Treasury holdings. That totals a net increase of $45 billion.

That means that US investors have taken on the bulk of US government debt – in the neighborhood of $1.2 trillion over the last 12 months.

Wolf points out that banks are aggressively trying to attract depositors and are competing with the federal government which has to fund its deficits. With interest rates so low, US bonds are actually an attractive place to stash cash.

“Two-point-four percent 20 years ago would have been a ludicrously low amount of interest to be attractive, but these days are not normal and 2.4% is a fairly attractive number.”

(Photo by Tyler Merbler / Flickr)

On top of that, there is a great deal of dividend risk in the stock market with so many companies overvalued. Wolf points to GE as one example of a company that has slashed dividends to close to zero.

Wolf says that the trillions of dollars of additional Treasurys the US government is throwing on the market just doesn’t seem to matter to US investors – at least at this moment.

The $64,000 question is how long can this last?

It doesn’t seem like a sustainable scenario. Right now, things appear pretty rosy. It’s a primrose path of debt, that while perhaps troubling on a theoretical level, isn’t really having any actual impact on the economy. But it seems likely at some point the oversupply of Treasurys will begin to swamp demand. When that happens, the US government will have a real problem.

Who will take up the slack?

If you look at who owns US debt, there is really only one viable option – the Federal Reserve. Practically speaking, this means more quantitative easing.

If demand for Treasurys starts to fall, that will push interest rates higher. This is a simple supply and demand function. The Fed will then face two choices.

  1. Intervene with interest rates cuts and more QE. In other words more inflation.
  2. Do nothing and let interest rates spike.

No. 2 would not bode well for an economy built on debt. The Sovereign Man summed up the implications.

“Make no mistake: higher interest rates will have an enormous impact on just about EVERYTHING. Many major asset prices tend to fall when interest rates rise. Rising rates mean that it costs more money for companies to borrow, reducing their leverage and overall profitability. So stock prices typically fall. It’s also important to note that, over the last several years when interest rates were basically ZERO, companies borrowed vast sums of money at almost no cost to buy back their own stock. They were essentially using record low-interest rates to artificially inflate their share prices. Those days are rapidly coming to an end.”

The bottom line is that the US federal government is on an unsustainable path.


Patrick Casey, head of the American Identity Movement, joins Owen Shroyer live via Skype to discuss how his team planned and executed their infiltration into a drag queen story time event.

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)

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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)

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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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