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Trump administration ends MLB/Cuba baseball deal

The Trump administration is moving to end a deal allowing Cuban baseball players to sign contracts directly with Major League Baseball organizations, a change that appears to once again require Cuban players to cut ties with their national program before signing with MLB.

The Treasury Department told MLB attorneys in a letter Friday that it was reversing an Obama administration rule allowing the major leagues to pay the Cuban Baseball Federation a release fee equal to a percentage of each Cuban player's signing bonus. The letter was made public Monday afternoon.

By barring the payments, it appears to make the deal unworkable. The Cuban federation had agreed to release all players 25 and older with at least six years of professional experience.

Source: Fox News World

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Iraqi prime minister makes first visit to Saudi Arabia

Iraqi Prime Minister Adel Abdul-Mahdi has arrived in Saudi Arabia for his first visit since assuming the post six months ago.

The Iraqi premier is visiting Saudi Arabia just days after visiting its rival, Iran, earlier this month. He's insisted that Iraq wants good ties with Iran, but also with the U.S. and its Arab neighbors.

Abdel-Mahdi is expected to meet King Salman during his visit on Wednesday and discuss ways to improve security and trade ties between the two major oil producers.

Saudi Arabia is seeking to limit Iran's influence in the region, reaching out to influential Shiite Iraqi figures to build relations.

This month, Saudi Arabia reopened a consulate in Baghdad for the first time in nearly 30 years and announced a $1 billion aid package for Iraq.

Source: Fox News World

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Trump: GOP ‘Blew It’ on Healthcare, Must Embrace It in 2020 Race

President Donald Trump told House Republicans on Tuesday that they need to embrace health care reform and make it the first thing they vote on following the 2020 election.

Speaking at an annual fundraiser for the National Republican Congressional Committee, Trump told GOP lawmakers and supporters they have the advantage on a variety of issues, but conceded that Democrats have the advantage on health care.

"We have to take that away from them," Trump said.

"We blew it the last time, man I was fed a bill of goods," Trump said.

"Republicans should not run away from health care," he added. "You can't do it. You're going to get clobbered."

He told the GOP House members: "You are the minority, I hate to say. That's not going to last long." Democrats hold a 235-197 majority in the House with three vacancies.

The Democrats found success in 2018 by attracting support from women, minorities and college-educated voters, particularly in suburban districts. Many wanted a check on the president. That success filtered down to state and local races, with Democrats flipping hundreds of seats in state legislatures and picking up seven governorships.

To turn that momentum, Trump is focusing on the economy and casting Democrats as outside the mainstream in their support for policies such as "Medicare for all" and the "Green New Deal" to combat climate change.

"If they beat me with the Green New Deal, I deserve to lose," he said.

The buzzword for Republicans is "socialism," and Trump turned to it on several occasions Tuesday night.

Still, he said some of the Democrats' proposals could prove enticing to votes in the short term. He said free health care sounds very seductive.

"Don't underestimate the power of socialism to get a vote," Trump said.

Source: NewsMax Politics

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What if Turkey squeezed the London lira market to death?

FILE PHOTO: A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul
FILE PHOTO: A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul, Turkey, March 29, 2019. REUTERS/Murad Sezer/File Photo

April 9, 2019

By Marc Jones and Karin Strohecker

LONDON (Reuters) – Turkey’s authorities have shown over the past month they are capable of squeezing the life out of the $35 billion-a-day London lira market – but the cost of killing it off completely would be high for country itself.

The lira’s 2018 plunge triggered a deep recession, and President Recep Tayyip Erdogan’s government may see the attraction of suffocating an offshore market it believes to be a hotbed of destabilizing speculation.

Ankara knows that market greases the wheels of the $14 billion a year of foreign direct investment Turkey sucks in on average — nearly 60,000 companies had foreign capital there last year — not to mention helping to cover its $160 billion external funding gap.

Nevertheless, Erdogan frequently blames foreign “speculators” for sending the lira sprawling. That in turn squeezes payments and the refinancing of Turkish companies’ hard currency debts, sends household savings scurrying to dollars, ramps up inflation and interest rates and slams the brakes on the economy.

So pressuring local banks late last month to stop lending lira to overseas counterparts looked like a deliberate ploy and one that had a striking resemblance to a capital control.

The cost of offshore borrowing in the Turkish currency surged by more than 1,000 percent overnight, leading to pain for short sellers but a frozen market.

Some life returned last week, but Societe Generale’s head of emerging market strategy, Jason Daw, thinks the episode shows Ankara would like to nail it shut if only it could without completely choking investment.

“That seems to be the message, considering they squeezed the international positions so much,” he said, adding it was relentless volatility that irked Ankara.

However, the offshore market has existed comfortably for years. Investors like it because it can be easier to get credit lines with a JP Morgan, Barclays or Citi than a smaller Turkish bank in Istanbul or Ankara.

Bank of England analysis shows $35.8 billion worth of daily offshore lira trading was going on late last year. It was even bigger, at $56 billion a day, in April before the lira crashed 40 percent.

Offshore currency and swap markets are typically freer of heavy central bank influence than domestic markets, but they are still vulnerable to the ebb and flow of local currency liquidity. And this — as illustrated last month — is where authorities do retain an element of control.

Simply by shutting off its funding auctions for a while and maybe a bit of behind-the-scenes leaning on the local lenders, the central bank could spike the swap rates and briefly seize the market.

“The lira only stabilized once offshore interest rates rose significantly above onshore rates,” analysts at Goldman Sachs observed a few days afterwards as the recovery began.

For a graphic on Turkish lira in offshore markets, see – https://tmsnrt.rs/2I5F2ya

Interactive graphic on offshore lira trading: https://tmsnrt.rs/2I7ceFq

SHORT MEMORIES

The squeeze may have relented for now, but many countries, both emerging and developed, have periodically tried switching off speculation in offshore currency markets when battling currency runs in decades past. Thailand, Malaysia Argentina and Iceland are just a few examples.

The all tend to boil down to where households and companies are losing confidence in their country’s currency, but authorities don’t have the foreign-exchange reserves to fight the run.

Not only does Turkey need foreign investors to buy its debt and provide FDI, but FX reserves are looking thin, especially as Turks are now stashing away record amounts of dollars.

Aberdeen Standard Investments’ Kieran Curtis says that this hoarding means Turkey’s banks effectively have a surplus of dollars on their books but a shortage of lira.

He thinks for that reason Ankara won’t want to mess too much with the offshore market — it is crucial for balancing the mismatch. By spooking the market, bank transaction costs could easily rise. “It is not a sustainable business model,” he said.

Having a London lira market was also a symbol of “great importance” for Turkey’s free market credentials, said İbrahim Turhan, a former deputy governor of the Turkish central bank.

“The fight against speculative attacks will be made with rational policies and good governance, not bans,” he said.

Ankara would also need to make major improvements to bring more lira trading onshore. Authorities there have opened a local currency swap market under Borsa Istanbul which Turkish banks have started to use. But without foreign investors, traders say, the volumes won’t achieve the necessary scale.

It has backed away from offering non-deliverable forwards and there is no domestic interest rate swap market as there is not only in major markets but also in other emerging markets, such as Russia, Poland and Hungary.

So for now at least it looks like the international market will continue to recover, albeit with nagging worries about what happens next time the lira really lurches.

“It’s too early to say if people that got burned will come back,” said one senior FX trader in London. “But people tend to have very short memories. I am always surprised at how quickly people come back into the market.”

For a graphic on Forex held by Turkish local individuals hits record high, see – https://tmsnrt.rs/2CIv4OS

(Additional reporting by Nevzat Devranoglu in Istanbul and Tommy Wilkes in London; editing by Larry King)

Source: OANN

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Comoros opposition forms parallel transition body to unseat president

FILE PHOTO: Comoros President Azali Assoumani sits in a chair reserved for heads of state before giving a speech to the United Nations General Assembly
FILE PHOTO: Comoros President Azali Assoumani sits in a chair reserved for heads of state before giving a speech to the United Nations General Assembly in New York, September 27, 2018. REUTERS/Eduardo Munoz/File Photo

March 28, 2019

By Ahmed Ali Amir

MORONI (Reuters) – Opposition presidential candidates in the Comoros have set up what they call a transitional council whose aim is to unseat President Azali Assoumani, who has been declared the winner in an election that observers said lacked credibility.

On Tuesday, the CENI electoral body in the Indian Ocean island nation said Assoumani had won 60.77 percent in Sunday’s vote, followed by Ahamada Mahamoudou, one of 12 opposition candidates, with 14.62 percent.

Assoumani’s victory with more than 50 percent of the vote ensured he avoided a second round against a single opponent.

The 12 opposition candidates said they had set up a National Transition Council, chaired by one of them, Mohamed Soilihi.

“The mission of the National Transitional Council is to resolve the post-election crisis, to ensure a peaceful transition, to preserve peace, stability and national cohesion in our country,” Soilihi said in a statement broadcast on private-owned radio stations and social media platforms.

But the candidates also set an April 3 deadline for the vote to be invalidated or they would call for civil disobedience.

“If the … vote is not invalidated … we ask you (Comoros public) on April 4 to disobey civilly and keep away from all economic activity, and not to use any telephone communication,” Soilihi said.

Observers from the African Union, the Common Market of Eastern and Southern Africa and the African Standby Forces of the East said the voting process was riddled with irregularities that led them to conclude it lacked credibility or transparency.

Assoumani said on Tuesday that anyone wishing to contest the results should do so via legal means.

“I hope that those that are contesting the results will follow the legal channels and wait for the final results to be announced by the Supreme Court,” he told Reuters.

Authorities shut down a local newspaper La Gazette for publishing a story about the proposed transition council. The legal grounds for the closure were not immediately clear.

The Comoros presidency is traditionally rotated among leaders from the three main islands of the archipelago. Assoumani, a former army officer, first came to power in a coup in 1999 and won elections in 2002 and 2016.

About 60 women leaders who had marched to the Supreme Court to deliver a letter asking it not to validate the results were dispersed by police and six of them arrested.

They carried banners that denounced the heads of the military, the electoral commission and the supreme court as being “accomplices of a coup d’etat”.

(Writing by George Obulutsa; Editing by Mark Heinrich)

Source: OANN

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Democrats blink on immediate impeachment of Trump; Sanders favors letting Boston Marathon bomber vote

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Developing now, Tuesday, April 23, 2019

DEMS BLINK ON PURSUING TRUMP IMPEACHMENT -- FOR NOW: Leaders of the House Democrats backed off the idea of immediately launching impeachment proceedings against President Trump in an urgent conference call Monday evening amid a growing rift among the party's rank-and-file members, presidential contenders and committee chairs ... Fox News is told by two senior sources on the private conference call that even House Financial Services Committee Chair Maxine Waters, an anti-Trump firebrand, told fellow Democrats that while she personally favored going forward with impeachment proceedings, she was not pushing for other members to join her. House Speaker Nancy Pelosi, D-Calif., and her leadership team were clear there were no immediate plans to move forward with impeachment, Fox News is also told. Pelosi told fellow Democrats she favors more investigations of Trump to "save our democracy."

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POST-MUELLER INVESTIGATIONS: If Nancy Pelosi favors more investigations of Trump, she will not be disappointed ... House Judiciary Committee Chairman Jerrold Nadler, D-N.Y., on Monday subpoenaed former White House counsel Don McGahn to testify publicly on May 21, following last week's release of Special Counsel Robert Mueller's report on the Russia investigation. Nadler described McGahn, who stepped down as White House counsel in October 2018, as "a critical witness to many of the alleged instances of obstruction of justice and other misconduct described in the Special Counsel's report." He has set a May 7 deadline for him to provide documents related to the Mueller investigation.

Meanwhile, lawyers for President Trump have sued to block a subpoena issued by members of Congress that sought the business magnate's financial records.

OFFICIALS REPEATEDLY WARNED ABOUT GROUP BEHIND SRI LANKA ATTACKS - The purported leader of an Islamic extremist group blamed for an Easter attack in Sri Lanka that killed over 300 people began posting videos online three years ago calling for non-Muslims to be "eliminated," faith leaders said Tuesday ... Much remained unclear about how a little-known group called National Thowfeek Jamaath carried out six large near-simultaneous suicide bombings striking churches and hotels. However, warnings about growing radicalism in this island nation off the coast of India date to at least 2007, while Muslim leaders say their repeated warnings about the group and its leader drew no visible reaction from officials responsible for public security. - Associated Press

BERNIE SAYS BOSTON MARATHON BOMBER SHOULD BE ALLOWED TO VOTE: 2020 presidential candidate Sen. Bernie Sanders on Monday defended his stance for granting voting rights to criminals in prison, including the Boston Marathon bomber and convicted sexual assaulters ... During a CNN town hall on Monday night, a student asked Sanders if his position would support “enfranchising people” like Boston Marathon bomber Dzhokhar Tsarnaev, who she noted is a “convicted terrorist and murderer,” as well as those “convicted of sexual assault,” whose votes could have a “direct impact on women’s rights.”

Sanders first responded by saying he wanted a “vibrant democracy” with “higher voter turnout” and blasted “cowardly Republican governors” who he said were “trying to suppress the vote.” The Vermont senator then argued that the Constitution says “everybody can vote” and that “some people in jail can vote.”

FILE - This combination file photo, shows Russian President Vladimir Putin, left, in St. Petersburg, Russia, April 9, 2019, and North Korean leader Kim Jong Un in Hanoi, Vietnam, on Feb. 28, 2019. When Kim meets with Putin for their first one-on-one meeting, he will have a long wish list and a strong desire to notch a win after the failure of his second summit with U.S. President Donald Trump in February 2019. (AP Photo/Dmitri Lovetsky, Evan Vucci, File)

FILE - This combination file photo, shows Russian President Vladimir Putin, left, in St. Petersburg, Russia, April 9, 2019, and North Korean leader Kim Jong Un in Hanoi, Vietnam, on Feb. 28, 2019. When Kim meets with Putin for their first one-on-one meeting, he will have a long wish list and a strong desire to notch a win after the failure of his second summit with U.S. President Donald Trump in February 2019. (AP Photo/Dmitri Lovetsky, Evan Vucci, File)

NORTH KOREA'S KIM, PUTIN TO MEET: North Korean leader Kim Jong Un will soon visit Russia to meet with President Vladimir Putin, the North’s state-run Korean Central News Agency confirmed Tuesday without releasing a set date or location for the meeting ... The meeting may give Kim more leeway in future negotiations with President Trump after their February summit in Vietnam broke down due to disagreement over ridding North Korea of its nuclear arsenal. The Kremlin announced last week that North Korea’s supreme leader will visit Russia “in the second half of April,” but did not elaborate further.

OLD TWEET HAUNTS ILHAN OMAR: A resurfaced tweet from Rep. Ilhan Omar saw the Minnesota Democrat claim U.S. forces killed “thousands” of Somalis during the 1993 “Black Hawk Down” mission -- despite multiple analysts concluding the number was much smaller ... In the October 2017 tweet discovered by journalist John Rossomando, Omar was responding to a Twitter user who'd highlighted that more than a dozen U.S. soldiers were killed and another 73 were wounded in the Battle of Mogadishu, saying it was the “worst terrorist attack in Somalia history.” Omar, a Somali refugee who was then a Minnesota state representative, refuted the tweet, insisting that “thousands” of Somalis were killed by American forces. The number of Somali casualties in the Battle of Mogadishu is widely disputed.

THE SOUNDBITE

OBSTRUCTION 'MOCKERY' - "We are supposed to believe now that Donald Trump committed repeated obstruction of justice over a crime that he now, as we all know, did not commit? He is trying to obstruct people from investigating something he said he didn't do and special counsel has confirmed he didn't do. It is ridiculous, it is a farce, it is making a mockery of America"– Piers Morgan, DailyMail.com editor-at-large on "Hannity," lambasting Democrats and the mainstream media for their reaction to the Mueller report's release. (Click the image above to watch the full video.)

TODAY'S MUST-READS
Klobuchar has 'please clap' moment, says CNN's Chris Cuomo 'creeping' over shoulder during town hall.
Washington Post faces backlash after Sri Lanka attacks for focus on 'far right.'
McConnell vows to be 'grim reaper' of socialist Dem proposals.

MINDING YOUR BUSINESS
Herman Cain withdraws from Fed seat consideration.
Elizabeth Warren wants to 'cancel' student debt for millions.
IRS audits may start to target more wealthy taxpayers.

STAY TUNED

On Fox News:

Fox & Friends, 6 a.m. ET: U.S. Sen. Mike Lee, R-Utah, on Democrats' push to investigate President Trump. Plus, Did the media fail to properly recognize that the bombings in Sri Lanka was an attack on Christians?

The Story with Martha MacCallum, 7 p.m. ET: An exclusive interview with talk radio icon Rush Limbaugh!

On Fox Business

Mornings with Maria, 6 a.m. ET: U.S. Sen. Cory Gardner, R-Colo.

Varney & Co., 9 a.m. ET: U.S. Sen. Mike Lee, R-Utah.

Countdown to the Closing Bell, 3 p.m. ET: Todd Krizelman, co-founder of TheGlobe.com.

Lou Dobbs Tonight, 7 p.m. ET: Kevin Hassett, chairman of the Council of Economic Advisers.

On Fox News Radio:

The Fox News Rundown podcast: "Social Security Funds to Run Out in 2035" - Social Security reserve funds are expected to run out by 2035, according to the latest Social Security and Medicare trustees report. Fox Business Network correspondent Edward Lawrence breaks down the report and what happens if Congress does not act fast to fix it. Federal benefits programs have become a main attraction for many immigrants entering the United States. Fox News correspondent William La Jeunesse explains the financial cost of immigration to our economy. Plus, commentary by Leslie Marshall, Democratic strategist and Fox News contributor .

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: Mary Walter guest-hosts. Special guests include: Allen West, former Florida congressman, on the latest in the Sri Lanka terror attacks on Christians; Michael Goodwin, New York Post columnist, on why President Trump's best path forward is to ignore Democrats and focus on policy; Chris Stirewalt, Fox News digital politics editor, on the latest in the 2020 presidential race and more.

The Todd Starnes Show, Noon ET: Todd speaks with John Bursch, vice president and senior counsel at Alliance Defending Freedom about their latest case for religious freedom.

#TheFlashback
2005: YouTube uploads its first clip, "Me at the Zoo," which shows YouTube co-founder Jawed Karim standing in front of an elephant enclosure at the San Diego Zoo.
1995: Iconic sportscaster Howard Cosell dies in New York at age 77.
1971: Hundreds of Vietnam War veterans opposed to the conflict protest by tossing their medals and ribbons over a wire fence in front of the U.S. Capitol.

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

Source: Fox News National

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Nigeria’s Buhari extends lead in election count as death toll mounts

2019 presidential election in Nigeria
Nigerian President Muhammadu Buhari casts his vote in Nigeria's presidential election at a polling station in Daura, Katsina State, Nigeria, February 23, 2019. REUTERS/Afolabi Sotunde

February 26, 2019

By Camillus Eboh

ABUJA (Reuters) – Nigerian President Muhammadu Buhari extended his early election lead on Tuesday based on official results from a third of the country’s districts as the death toll from sporadic election violence rose to 47.

Provisional results announced in state capitals but not yet confirmed by the commission seen by Reuters showed Buhari on course to cementing a commanding lead over his main rival, businessman and former vice president Atiku Abubakar.

Atiku’s party has rejected the tallies thus far as “incorrect and unacceptable”. Buhari’s party said the opposition was trying to discredit the returns from Saturday’s vote.

The outcome is expected later this week. At stake is control of Africa’s top oil producer and biggest economy with a decade-old Islamist insurgency entrenched in the northeast and overlapping into neighboring countries.

The winner is likely to be the man voters trust most to revamp an economy struggling to emerge from a 2016 recession. Analysts had predicted the vote to be Nigeria’s tightest since the end of military rule two decades ago.

A calm reaction to the election result could open a new chapter in the turbulent political history of Nigeria, where nearly six decades of independence have been marred by military coups, endemic corruption and secessionist movements.

But, Situation Room, a monitoring mission comprising over 70 civic groups, said on Tuesday the death toll from election-related violence since Saturday had risen to 47, and more than 260 in all since the start of the campaign in October.

Buhari, 76, is a former military ruler seeking a second term on a platform to reduce corruption. Atiku, 72, has pledged to expand the role of the private sector.

Initial results released by the Independent National Electoral Commission so far put Buhari in the lead, with victories in nine of Nigeria’s 36 states, the INEC said.

It said Atiku had prevailed in four states and the capital, Abuja, which is not a state but treated as a separate electoral district.

Buhari was leading Atiku by 56 percent to 41 percent, according to a Reuters tally based on available INEC figures.

In provisional results announced in state capitals but not yet confirmed by the electoral commission, Buhari had won seven states to Atiku’s three.

Seventy-three million people were eligible to vote in Africa’s biggest democratic election but the INEC has yet to release details of voter turnout.

(Additional reporting by Paul Carsten; Writing by Alexis Akwagyiram and James Macharia)

Source: OANN

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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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/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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Hundreds of Cuban migrants are reported to be on the run Friday in Mexico after a crowd of more than 1,000 burst out of a troubled immigration detention center on its southern border.

Mexico’s National Immigration Institute said the mass escape Thursday in Tapachula – which the Associated Press called the largest in recent memory — involved around 1,300 Cuban migrants, although 700 of them have since returned voluntarily.

The migrants reportedly streamed out of the compound without any resistance, as the institute said its agents weren’t armed and “there was no confrontation.”

Federal police with riot shields later rushed in to control the situation, as a crowd of angry Cubans whose relatives were being held at the facility gathered outside. The Cubans claimed their relatives reported overcrowding and unsanitary conditions at the facility.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout. (AP)

BORDER PATROL UNION CHIEF BLASTS CONGRESS OVER MIGRANT CARAVANS: ‘WHAT ARE YOU DOING ABOUT IT’?

“My wife and child have been in there for 27 days in bad conditions,” said Usmoni Velazquez Vallejo, as he waited outside for news. “There is overcrowding, insufficient food and there isn’t even medicine for them.”

Another Cuban detainee told the AFP: “We have many there… we are very tight, we sleep on the floor.”

It’s the third time since October that migrants at the facility staged an uprising, according to the news agency.

The center’s holding capacity is officially listed at less than 1,000 people, but the escape of 1,300 meant it was probably at least at double its capacity, since not everyone being held there escaped. Residents in the area said that sometimes the facility has held as many as 3,000 people, and a Mexican newspaper cited by Reuters said Haitians and Central Americans also are among the large group who still have not been tracked down.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday. (AP)

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Earlier in the day, Mexico’s top human rights official toured the facility.

Elsewhere in the country, a new caravan estimated to contain up to 10,000 migrants is making its way to the U.S.-Mexico border.

The Associated Press contributed to this report.

Source: Fox News World

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Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

April 26, 2019

(Reuters) – Exxon Mobil Corp on Friday reported first-quarter profit fell sharply on lower oil and gas prices and weakness in its refining and chemicals businesses that offset modest production gains.

The largest U.S. oil producer’s first quarter earnings fell to $2.35 billion, or 55 cents a share, from $4.65 billion, or $1.09 a share, a year ago.

Analysts had expected Exxon to earn 70 cents per share, according to Refinitiv Eikon estimates.

Shares were trading down about 2.7 percent in premarket trading on Friday.

Exxon’s oil equivalent production rose 2 percent to 4 million barrels per day, up from 3.9 million bpd in the same period the year prior. The company said its output in the Permian Basin, the largest U.S. shale basin, rose 140 percent over a year ago.

(Reporting by Jennifer Hiller; Editing by Chizu Nomiyama)

Source: OANN

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The Washington Post’s media critic went into meltdown after White House Press Secretary Sarah Sanders held a mock press briefing for the children of White House journalists and employees on Take Your Daughters and Sons to Work Day.

Erik Wemple, the newspaper’s chief media critic, slammed Sanders and the White House for organizing a fun day on Thursday for junior would-be journalists, while not holding an actual press conference for the record number of days.

WHITE HOUSE STAFF TO SKIP CORRESPONDENTS’ DINNER AFTER LAST YEAR’S CONTROVERSY

Wemple wrote that Sanders gave to children an important lesson of “the centrality of nonaccountability mechanisms in the affairs of state” after she announced that the mock press briefing was “off the record.”

“When the children head home tonight, perhaps they can pull up archival footage to see how their questions stack up against ye olde press briefings,” he added.

“Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

— Erik Wemple

“Tuesday, after all, marked a record for number of days without a White House press briefing. Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

While some correspondents praised the White House for doing “a lot of work to welcome the children and provide “them an excellent experience,” other journalists echoed Wemple’s criticism and pointed out that Sanders hasn’t held a press briefing in over 40 days.

“Kids of WH Press Corps members are getting ready for a briefing with  @PressSec. Their parents have not had one in 45 days,” tweeted CBS News’ White House Correspondent Weijia Jiang.

REPORTER SHOUTS AT SARAH SANDERS AFTER BRIEFING: ‘DO YOUR JOB, SARAH!’

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time,” another correspondent quoted by the Post said.

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time.”

— a White HOuse Correspondent

The Post struck a different tune in a column earlier this year, which declared that despite the administration’s criticism of the media, President Trump was “extremely accessible.”

Wemple quoted Martha Joynt Kumar, director of the White House Transition Project, who said that Trump held 338 “short question-and-answer” sessions over his time in office, significantly more than 75 such sessions by former President Barack Obama during his first full two years in office.

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In terms of total instances of access to the media, which include interviews, short sessions, and news conferences, Trump was accessible least 577 times in his first two years in office.

Source: Fox News Politics

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