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Trump’s Fed pick advocates return to a ‘rule’ that may never have existed

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

March 28, 2019

By Howard Schneider

WASHINGTON (Reuters) – In the op-ed column that may vault think tank analyst Stephen Moore to a spot on the Federal Reserve Board of Governors, he argues the Fed could have skirted recent rate hikes and dodged a wave of criticism by tying monetary policy to commodity prices.

The Fed, Moore wrote in the Wall Street Journal https://www.wsj.com/articles/the-fed-is-a-threat-to-growth-11552518464 earlier this month, should take a page from the playbook of Paul Volcker, the former Fed chairman who battled back rampant inflation in the early 1980s. According to Moore, Volcker’s success was rooted in his use of a commodity-price rule that prompted the Fed to lift interest rates when commodity prices were rising and cut them when they were falling.

One problem: It appears Volcker and the Fed never used such a system.

In the 1980s “there was some discussion of this and some board members paid some attention to commodity prices,” Donald Kohn, a Fed staffer through most of Volcker’s tenure and eventually a vice chair of the Fed himself, told Reuters. “But it did not play a central role.”

A review of Fed transcripts from that era shows months going by without commodities being mentioned at all at policy meetings. In cases when they were discussed they were cast as just another bit of data, not as a core anchor for policy.

And in Volcker’s recent book “Keeping At It,” which includes an account of the inflation war, he never mentions a commodity index. Volcker did not respond to a request for comment left with an aide at his nonprofit organization.

Moore did not respond to repeated interview requests through the Heritage Foundation, the conservative think tank where he is a distinguished visiting fellow.

His Journal column, which lambastes the Fed and Chairman Jerome Powell for raising rates at the end of last year, appeared on March 13 and was shown to Trump by White House economic adviser Larry Kudlow, a friend of Moore’s, according to Bloomberg and the Washington Post. Trump, who has been a harsh critic of the Fed’s rate increases and of Powell, whom he appointed Fed chair, lauded the article and last week said he would nominate Moore to one of two vacancies on the Fed board.

Although his name has not yet been formally submitted to the Senate Banking Committee for confirmation, Trump’s promise to nominate Moore has been met with criticism from economists across the political spectrum.

It potentially also ends any sense of truce between Trump and the Fed, placing an ardent partisan on Powell’s board even as the Fed put the recent round of rate hikes on hold.

LOOSE LANGUAGE

Use of a commodity index to set monetary policy was pushed in the 1980s by the supply-side economists and politicians who were influential in the Reagan administration years and saw commodities as a sort of stand-in for the gold standard, which the U.S. government abandoned in the 1970s.

That included Arthur Laffer, a member of Reagan’s economic team and Moore’s mentor. The two co-wrote a 2010 book, “Return to Prosperity,” that also mentions Volcker’s purported adoption of a monetary rule based on commodities.

George Selgin, a senior fellow at the Libertarian Cato Institute, where Moore worked in the 1990s, said in a blog post https://www.cato.org/blog/stephen-moores-other-volcker-rule this week that Moore’s and Laffer’s assertions about Volcker and commodities were not grounded in fact.

“(D)espite what Stephen Moore has written, there’s no evidence that either Paul Volcker or any later Fed chair ever deliberately ‘linked Fed monetary policy to real-time changes in commodity prices,'” Selgin wrote.

Like many others who have reviewed the commodity price targeting idea, Kohn, the former Fed vice chair and now a senior fellow at the Brookings Institution, said the notion of tying Fed policy to commodity prices overlooks the uncertain connection between those prices and the general rate of inflation that the Fed tries to control.

Moreover, it could tie the U.S. central bank to an index that could fluctuate wildly on the basis of trade war tariffs or Chinese demand for copper.

The Fed in fact emphasizes core price readings that strip out energy and food on the view measures excluding such volatile commodities are a more reliable indicator of underlying inflation.

Wayne Angell, the Fed board member from that era most focused on commodity prices, later acknowledged in a 1992 article for the Cato Journal that while commodity prices “yield useful information,” they are “not perfect monetary indicators and should be neither the sole indicator nor the target for monetary policy.”

Moore’s columns may have caught the president’s eye, but critics, including some at the organizations where Moore studied and developed his career, say his loose use of language is a drawback in a technical setting like the Fed.

“If I was someone in Congress I would be very concerned,” with the concept Moore laid out, said David Beckworth, an economist at the Mercatus Center at George Mason University, where Moore received his masters degree in economics.

“It could be destabilizing,” Beckworth said, with so many world prices now hinging, for example, on Chinese demand.

Moore, he said, “is being loose and careless in language.”

(Reporting by Howard Schneider; Additional reporting by Trevor Hunnicutt in New York; Editing by Dan Burns and Andrea Ricci)

Source: OANN

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Pakistan says Iran-based group carried out deadly attack

Pakistan's foreign ministry says militants crossing over from Iran earlier this week carried out a deadly attack against its armed forces in the southwestern Baluchistan province.

The ministry said in a letter to the Iranian government on Saturday that the assailants came from a newly formed Baluch separatist group, Raji Aajoi Sangar, based in Iran's adjacent Baluchistan province. It urged Iran to act against the attackers who had fled back across the border.

Groups operating both within Pakistan's and Iran's Baluchistan provinces, which share a long border, seek independence from both countries.

The ministry said that the "killing of 14 innocent Pakistanis by terrorist groups based in Iran is a very serious incident that Pakistan protests strongly."

The announcement came a day before Prime Minister Imran Khan's visit to Iran.

Source: Fox News World

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JPMorgan shuffles CFO and card services executives

FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo

April 17, 2019

NEW YORK (Reuters) – JPMorgan Chase & Co switched roles for two women executives on Wednesday, putting Chief Financial Officer Marianne Lake in charge of consumer lending and naming card services chief Jenn Piepszak to take Lake’s place.

The moves were announced in an internal memo from Chief Executive Officer Jamie Dimon and the bank’s two co-presidents.

Both women are 49 and the changes are effective on May 1.

Dimon has a practice of moving executives into different positions to broaden their experience in the bank.

(Reporting by David Henry in New York; editing by Grant McCool)

Source: OANN

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Tesla delivers fewer than expected Model 3 sedans in first quarter

FILE PHOTO: A Tesla Model 3 car is displayed at the Canadian International AutoShow in Toronto, Canada
FILE PHOTO: A Tesla Model 3 car is displayed at the Canadian International AutoShow in Toronto, Ontario, Canada, February 15, 2019. REUTERS/Chris Helgren

April 4, 2019

(Reuters) – Tesla Inc delivered fewer than expected Model 3 sedans in its first quarter as the electric car maker shifted its sales focus to international markets, where transit times are longer.

Tesla delivered 50,900 Model 3s in the quarter, falling short of analysts’ estimates of 58,900, according to IBES data from Refinitiv.

Deliveries of all models fell 31 percent from the fourth quarter to 63,000 vehicles, including 12,100 Model S sedans and Model X SUVs.

(Reporting By Alexandria Sage in San Fransisco and Rama Venkat in Bengaluru; Editing by Sandra Maler)

Source: OANN

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NHL notebook: Leafs’ Kadri offered hearing, could be suspended

FILE PHOTO: NHL: Toronto Maple Leafs at Montreal Canadiens
FILE PHOTO: Apr 6, 2019; Montreal, Quebec, CAN; Toronto Maple Leafs center Nazem Kadri (43) looks on during the warm-up session before a game against the Montreal Canadiens at Bell Centre. Jean-Yves Ahern-USA TODAY Sports

April 15, 2019

Toronto Maple Leafs center Nazem Kadri on Sunday was offered an in-person hearing by the NHL Department of Player Safety following a major penalty assessed Saturday in Game 2 of a first-round playoff series against the Boston Bruins.

That’s a signal that Kadri, 28, could be facing a long suspension for cross-checking Boston forward Jake DeBrusk with 5:57 left in the game. According to the NHL.com, the NHL/NHLPA collective bargaining agreement calls for a player to be offered an in-person hearing if he faces a suspension of six games or more.

In 2018, Kadri was suspended three games for boarding Bruins forward Tommy Wingels in Game 1 of a first-round series. A 10-year NHL veteran, all with Toronto, Kadri has been suspended four times in his career.

The Bruins won the game 4-1 to tie the best-of-7 series at 1-1. Game 3 is scheduled for Monday in Toronto.

–Nikita Gusev, the reigning MVP of the Kontinental Hockey League, signed a one-year, entry-level contract with the Vegas Golden Knights and is expected to practice with the team on Monday.

Gusev, 26, has been on the roster of SKA St. Petersburg since the 2015-16 season. He led the league in scoring this season with 82 points (17 goals, 65 assists). He was released from his contract this week after SKA St. Petersburg was eliminated in the KHL conference finals.

The Tampa Bay Lightning drafted him in the seventh round of the 2012 NHL Draft. Vegas acquired his rights in a trade with Tampa Bay during the 2017 NHL Expansion Draft.

–The Colorado Avalanche announced the team has signed 2019 Hobey Baker Award winner Cale Makar to a three-year, entry-level contract.

The 20-year-old defenseman from the University of Massachusetts will join the Avalanche immediately for their first-round playoff series against the Calgary Flames. The series is tied at 1-1 and resumes Monday night in Colorado.

Makar, the No. 4 overall pick in the 2017 NHL Draft, just completed his sophomore season. He helped the Minutemen reach the NCAA Frozen Four title game and became the school’s first player to win the Hobey Baker Award, college hockey’s top individual prize.

–Field Level Media

Source: OANN

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Trial of Dallas officer set to start Aug. 12

A date has been set for the murder trial of a white former Dallas police officer who fatally shot an unarmed black man in his own apartment.

Court records show that Amber Guyger is scheduled to begin a jury trial on Monday, Aug. 12, less than a year after she shot Botham Jean, whose apartment she says she mistook for her own.

Guyger was arrested on a manslaughter charge three days after the Sept. 6 shooting of her neighbor, a 26-year-old native of the Caribbean island of St. Lucia who worked in Dallas for an accounting and consulting firm.

The case drew national attention and the initial charge was criticized as being lenient. Guyger was fired from the Dallas Police Department later in September. A grand jury indicted her for murder in November.

Source: Fox News National

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After reality check, Indonesia’s ‘new face’ in politics seeks second term

Indonesia's incumbent presidential candidate Joko Widodo reacts as he speaks during a campaign rally at Gelora Bung Karno stadium in Jakarta
FILE PHOTO: Indonesia's incumbent presidential candidate Joko Widodo reacts as he speaks during a campaign rally at Gelora Bung Karno stadium in Jakarta, Indonesia, April 13, 2019. REUTERS/Willy Kurniawan

April 14, 2019

By Ed Davies

JAKARTA (Reuters) – When Indonesian President Joko Widodo was elected five years ago, the former furniture salesman seemed to offer a clean break from the military and political elite that had clung to power since the fall of strongman ruler Suharto in 1998.

Now, Widodo, 57, is running on his own record for a second term, with a comfortable lead in most opinion polls over his rival, former general Prabowo Subianto.With his easy smile and signature “blusukan”, or spur of the moment neighborhood walkabouts, he came to power on a wave of popular support for the clean, can-do image he cultivated as a small-city mayor, and then as governor of the capital Jakarta.

Still, during his political rise, Widodo, a moderate Muslim from Solo in Central Java, has had to fend off smear campaigns suggesting he is anti-Islam, a communist or in debt to China, all damaging accusations in the Muslim-majority country.

As president he was saddled with high expectations that he could fix a host of enduring issues in the sprawling archipelago, from tackling past human rights abuses to rooting out pervasive graft.

Jokowi, as he is popularly known among Indonesians, also inherited an economy coming off a commodities boom, and faced an obstructive parliament and vested interests opposed to reform and transparency.

Still, he methodically stitched together a majority in parliament and while unable to deliver on an economic growth target of 7 percent, he led a record infrastructure push to build ports, roads and airports.

Niken Satyawati, a family friend who has co-written a book on the president, said Widodo had sought to extend the clean governance he pursued as mayor of Solo to the national stage.

“He was an ordinary person. And he still is,” she said, describing his weakness as a desire to accommodate the wishes of too many people.

Widodo came from humble beginnings. His father ran a small timber business and his childhood home was a riverside shack in the city of Solo.

He was the first in his family to attend university and after graduating in forestry eventually set up a successful furniture business.

BOLDER REFORM?

Widodo became Solo’s first directly elected mayor in 2005 and was hugely popular after cleaning up the streets and public spaces with incentives and persuasion to shift thousands of illegal vendors to new facilities.

His consultative approach would come to define his campaign as he ran for governor of Jakarta in 2012.

Once president, as a political outsider, he faced accusations of being beholden to party backers, particularly those connected to the Indonesian Democratic Party of Struggle, led by former president Megawati Sukarnoputri.

Nevertheless, he focused on reviving the economy by cutting red tape and easing investment rules. At times, he faced cabinet infighting and policy flip-flops cast doubt on his ability to commandeer his own team, let alone a country of 260 million.

On the foreign stage, he appeared more assertive, denying pleas for clemency in 2015 from foreign drug traffickers on death row, straining ties chiefly with neighbor Australia.

He also held a cabinet meeting aboard a warship off the Natuna Islands after China stated its “overlapping claim” to nearby waters.

The most bruising period of his presidency was from 2016, when huge rallies targeting Jakarta’s ethnic Chinese, Christian governor for alleged blasphemy pushed religious tension in Indonesia to its highest in years.

Widodo was forced to distance himself from Basuki Tjahaja Purnama, a one-time ally later jailed for insulting Islam.

To the disappointment of some progressive supporters, Widodo picked Islamic cleric Ma’ruf Amin as his running mate for the election, seeking to boost the ticket’s appeal to Muslims.

If he is re-elected, analysts expect broadly the same economic policy focus, though they are divided whether he will quicken the pace.

“If he wins, I believe he will push his reform agenda more confidently, as politically he is a ‘stubborn’ leader,” said Wawan Mas’udi, a politics expert at Gadjah Mada University who has charted Widodo’s rise to power.

(Editing by Kanupriya Kapoor and Clarence Fernandez)

Source: OANN

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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