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WTO warns of global trade slowdown as indicator hits nine-year low

Aerial view of containers at a loading terminal in the port of Hamburg
Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer

February 19, 2019

By Tom Miles

GENEVA (Reuters) – A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday.

The WTO’s quarterly outlook indicator, a composite of seven drivers of trade, showed a reading of 96.3, the weakest since March 2010 and down from 98.6 in November. A reading below 100 signals below-trend growth in trade.

“This sustained loss of momentum highlights the urgency of reducing trade tensions, which together with continued political risks and financial volatility could foreshadow a broader economic downturn,” the WTO said in a statement.

The WTO forecast last September that global trade growth would slow to 3.7 percent in 2019 from an estimated 3.9 percent in 2018, but there could be a steeper slowdown or a rebound depending on policy steps, it said.

The quarterly indicator is based on merchandise trade volume in the previous quarter, export orders, international air freight, container port throughput, car production and sales, electronic components and agricultural raw materials.

“Indices for export orders (95.3), international air freight (96.8), automobile production and sales (92.5), electronic components (88.7) and agricultural raw materials (94.3) have shown the strongest deviations from trend, approaching or surpassing previous lows since the financial crisis,” the WTO said.

The index for container port throughput remained relatively buoyant at 100.3, but that may have been influenced by a front-loading of shipments before an anticipated hike in U.S.-China tariffs, the WTO said.

International trade tensions could spike next month if the United States and China escalate their tariff war, a step that could have negative consequences for the world trading system, according to the United Nations trade agency UNCTAD.

A new round of U.S.-China talks will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday, following a round in Beijing last week.

(Editing by Janet Lawrence)

Source: OANN

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Howard Schultz slams Democrats’ socialist slide as he weighs 2020 bid

He's a lifelong Democrat, but Howard Schultz is taking direct aim at his own party these days as he mulls an independent run for the White House.

While he doesn’t shy from attacking Republican President Trump, Schultz has reserved some of his harshest criticism for Democrats, in Congress and on the 2020 trail, drifting further and further left. He sees this as his opening as well -- evidence that the electorate could use a center-lane presidential candidate.

SCHULTZ ON FOX & FRIENDS: GOP, DEMS, TOO BUSY FIGHTING

“Americans are not going to embrace socialism,” Schultz said last month at the South by Southwest conference and festival in Austin, Texas.

Pointing to many of the leading contenders for the 2020 Democratic presidential nomination, Schultz said Tuesday on "Fox and Friends" that they’re “people who are well-intentioned, love the country, but they’re out of touch with these kind of policies that in my view that are not realistic.”

WATCH THE HOWARD SCHULTZ TOWN HALL ON FOX NEWS CHANNEL ON THURSDAY AT 6:30 PM ET. 

It’s far from the first time the billionaire and former longtime chairman and CEO of Starbucks has painted the Democratic White House hopefuls as too far to the left. He’s repeatedly warned that they’ll blow next year’s election against Trump by embracing extreme positions that he says are “never going to happen.”

“Bernie Sanders, Elizabeth Warren, and others are proposing to try and defeat Donald Trump with a far extreme proposal,” he stressed at South by Southwest.

SCHULTZ RIPS GREEN NEW DEAL

And last month, when moderate Democrat and fellow billionaire Mike Bloomberg decided against launching a campaign for the Democratic nomination, Schultz didn’t waste an opportunity to highlight that there’s no room anymore for a centrist in the Democratic Party.

“Mike Bloomberg governed from the center with big ideas, pragmatism and common sense. In an era of paralysis and dysfunction, he’s an exception,” Schultz tweeted as he pointed to Bloomberg’s tenure as New York City mayor. “I've long said there isn't room for centrist moderation in either party and it appears Mr. Bloomberg has come to the same conclusion.”

Schultz specifically has ravaged some of the policy proposals being pushed by the 2020 Democrats, from "Medicare for all" to the Green New Deal.

“The Green New Deal is fantasy,” Schultz told Maria Bartiromo last week on Fox Business Network. “There are well-intentioned people that are trying to do good things, but let’s not throw things against the wall that they themselves know are not going to stick.”

The sweeping proposal which was introduced in Congress in February aims to transform the country’s economy to combat climate change – while enacting a host of new welfare programs. The resolution, which has become a litmus test for the Democratic presidential contenders, has offered Republicans political ammunition as they ramp up their attacks on the Democrats hoping to oust Trump from the Oval Office in 2020.

When it comes to Medicare for all, which would establish a universal single-payer health care system from coast to coast, Schultz describes the proposal as “unaffordable.”

"The Democrats are now saying, 'Medicare-for-all.' That's their solution, which is basically a $33 trillion number, which would take 180 million Americans off of the insurance that's provided by their employer, wipe out the insurance industry. It's not realistic,” Schultz argued earlier this week in an interview with Yahoo Finance.

Schultz supported the Affordable Care Act, better known as ObamaCare, but argues that it can be fixed and improved. His prescription is to bring the government, big business and the pharmaceutical and insurance industries all to the table and hammer out a remedy.

Schultz’s painting of the 2020 Democrats as too far to the left may resonate with general election voters.

Fifty-seven percent of registered voters in a Fox News Poll in February had a positive opinion of capitalism. But only 25 percent viewed socialism the same way.

“Despite the prominence of socialistic ideas and policy proposals in recent weeks, Americans are favorable toward the merits of the capitalistic system,” said Republican pollster Daron Shaw, who conducts the Fox News Poll with Democrat Chris Anderson.

Schultz explained on "Fox and Friends" that if he launches a presidential campaign, he’ll run "on a centrist position of character, morality, and getting our house in order."

Schultz will be featured at a Fox News Town Hall live on Thursday at 6:30 p.m. ET. The event will be moderated by Fox News’ Bret Baier and Martha MacCallum.

Source: Fox News Politics

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Swalwell bypasses coffee inside Trump Tower, tweets about it

Rep. Eric Swalwell, D-Calif., got a different kind of roast after sharing how his trek to get a cup of coffee on Wednesday involved bypassing a café inside the Trump Tower and opted to brave the elements to find another coffee spot in midtown.

The leftist Congressman posted about his coffee run on Twitter, alongside a photo of himself covered in a light dusting of snow.

"It's snowing in New York," he wrote. "I need coffee. The closest cafe is inside Trump Tower. This is me walking to an alternative."

Twitter users were quick to roast the potential 2020 presidential candidate.

“Swalwell later froze to death as slowly he came to the realization that most of NYC's cafes are run by a rival presidential candidate”, one user wrote, referring to former Starbucks CEO and Independent presidential candidate Howard Schultz.

One Twitter user replied that Swalwell appeared to have taken his photo outside the Fendi store in Midtown Manhattan—an area steeped with coffee shops.

Swalwell's tweet received over 25,000 replies, with some blasting the Congressman while others poked fun at his dramatic winter journey.

The congressman, a member of the House Judiciary and Intel committees, did not update the post on whether he was able to locate another coffee spot.

Source: Fox News Politics

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Teen accused of killing his mom escapes California jail

Dozens of law enforcement personnel were searching Friday for a 15-year-old boy who was in the middle of a murder trial in the killing of his mother when he escaped a Southern California jail.

Ike Souzer escaped the Orange County Juvenile Hall and jumped a perimeter fence just after midnight, said sheriff's Capt. Mike Peters.

The 6-foot-tall, 200-pound teen was wearing red pants and a white shirt and may have an injured leg, Peters said, adding that surveillance footage showed Souzer tending to an apparent wound after his escape.

Peters said about 60 law enforcement officials were searching for Souzer. He said there's no evidence that Souzer was armed but urged the public to call 911 if they think they've spotted him.

Souzer has been in custody since he was 13, when he was arrested on suspicion of fatally stabbing his mother, 48-year-old Barbra Scheuer-Souzer. His escape came in the middle of Souzer's trial, said Kimberly Edds, a spokeswoman for the district attorney's office.

Steve Sentman, chief probation officer for the county, declined to release too many details about the escape, citing security reasons, but said that Souzer somehow got out of a locked room before he was able to scale the jail's perimeter fence.

He said it's the first escape from the 434-bed facility in at least two decades and that an investigation is under way into how it happened.

A Gofundme page for Scheuer-Souzer says she was so good at helping her son with autism that she went back to school to help others with the condition. It says she was about to graduate from the University of California, Los Angeles.

"Through her unconditional love and commitment, she helped her son go from non-verbal to verbal status," according to the page. "Her whole goal was to help her son and the autistic community by giving back and serving the needs of others."

Scheuer-Souzer had three other grown children and three grandchildren.

Source: Fox News National

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Australian senator faces censure for anti-immigration stance

An Australian senator has had a raw egg cracked over his head and faces censure from his fellow lawmakers after sparking outrage by blaming Muslim immigration for the New Zealand mosque shootings.

Sen. Fraser Anning came under blistering criticism over tweets on Friday including one that said: "Does anyone still dispute the link between Muslim immigration and violence?"

Television cameras caught a 17-year-old boy breaking an egg on Anning's head and briefly scuffling with the independent senator while he was holding a news conference Saturday in Melbourne.

Police said the boy was arrested but was released without charge pending a further investigation.

The government and opposition party agreed to pass a censure motion against Anning over his stance on the Christchurch shootings when Parliament resumes in April.

Source: Fox News World

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Feds: Man who discussed US attack arrested at gun range

A man who federal agents say talked about joining ISIS and attacking random people to avenge a shooting at a New Zealand mosque has been arrested at a gun range in Montana.

Fabjan Alameti (FAB-yahn ah-la-MET-ee) appeared before a U.S magistrate judge Thursday to hear the charges of possession of a firearm by an unlawful user of a controlled substance and making false statements involving international and domestic terrorism.

FBI Special Agent Matthew Duermeier says in a sworn statement that Alameti moved to Bozeman last month from New York City. He had been communicating with a federal informant about traveling to join ISIS and planning a U.S. attack.

He was arrested Tuesday while renting a semi-automatic rifle at a gun range in Bozeman.

His federal public defender, John Rhodes, did not immediately return a call for comment Thursday.

Source: Fox News National

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Curiosity Captured Two Solar Eclipses on Mars

When NASA’s Curiosity Mars rover landed in 2012, it brought along eclipse glasses. The solar filters on its Mast Camera (Mastcam) allow it to stare directly at the Sun.

Over the past few weeks, Curiosity has been putting them to good use by sending back some spectacular imagery of solar eclipses caused by Phobos and Deimos, Mars’ two moons.

Phobos, which is as wide as 16 miles (26 kilometers) across, was imaged on March 26, 2019 (the 2,359th sol, or Martian day, of Curiosity’s mission); Deimos, which is as wide as 10 miles (16 kilometers) across, was photographed on March 17, 2019 (Sol 2350). Phobos doesn’t completely cover the Sun, so it would be considered an annular eclipse. Because Deimos is so small compared to the disk of the Sun, scientists would say it’s transiting the Sun.

This series of images shows the Martian moon Deimos as it crossed in front of the Sun, as seen by NASA’s Curiosity Mars rover on Sunday, March 17, 2019 (the 2,350th Martian day, or sol, of the mission). Credits: NASA/JPL-Caltech/MSSS

In addition to capturing each moon crossing in front of the Sun, one of Curiosity’s Navigation Cameras (Navcams) observed the shadow of Phobos on March 25, 2019 (Sol 2358). As the moon’s shadow passed over the rover during sunset, it momentarily darkened the light.

Solar eclipses have been seen many times by Curiosity and other rovers in the past. Besides being cool — who doesn’t love an eclipse? — these events also serve a scientific purpose, helping researchers fine-tune their understanding of each moon’s orbit around Mars.

Before the Spirit and Opportunity rovers landed in 2004, there was much higher uncertainty in the orbit of each moon, said Mark Lemmon of Texas A&M University, College Station, a co-investigator with Curiosity’s Mastcam. The first time one of the rovers tried to image Deimos eclipsing the Sun, they found the moon was 25 miles (40 kilometers) away from where they expected.

“More observations over time help pin down the details of each orbit,” Lemmon said. “Those orbits change all the time in response to the gravitational pull of Mars, Jupiter or even each Martian moon pulling on the other.”

This series of images shows the shadow of Phobos as it sweeps over NASA's Curiosity Mars rover
This series of images shows the shadow of Phobos as it sweeps over NASA’s Curiosity Mars rover and darkens the sunlight on Monday, March 25, 2019 (Sol 2358). Credits: NASA/JPL-Caltech

These events also help make Mars relatable, Lemmon said: “Eclipses, sunrises and sunsets and weather phenomena all make Mars real to people, as a world both like and unlike what they see outside, not just a subject in a book.”

To date, there have been eight observations of Deimos eclipsing the Sun from either Spirit, Opportunity or Curiosity; there have been about 40 observations of Phobos. There’s still a margin of uncertainty in the orbits of both Martian moons, but that shrinks with every eclipse that’s viewed from the Red Planet’s surface.



Brian Stelter is famous for complaining too much.

Source: InfoWars

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FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid

April 26, 2019

NEW YORK (Reuters) – The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

This would mark the third such “technical” adjustment on the interest on excess reserves (IOER) following cuts last June and December.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Tennis - Australian Open - Women's Singles Final
FILE PHOTO: Tennis – Australian Open – Women’s Singles Final – Melbourne Park, Melbourne, Australia, January 26, 2019. Japan’s Naomi Osaka attends a news conference after winning her match against Czech Republic’s Petra Kvitova. REUTERS/Adnan Abidi

April 26, 2019

(Reuters) – World number one Naomi Osaka came from behind in the final set to beat Croatian Donna Vekic 6-3 4-6 7-6(4) on Friday and move into the Porsche Tennis Grand Prix semi-finals.

Osaka comfortably won the opening set but was tested by the Croatian, who pushed her to the limit in the second and third. The Japanese made 45 unforced errors as she struggles to get to grips with swapping hard courts for clay.

Osaka was visibly frustrated and trailed 5-1 in the final set but she refused to give up and found her rhythm to break Vekic twice and prevent her from serving for the match.

In the tiebreaker, a confident Osaka upped her baseline game and had two early mini breaks before wrapping up the match in two hours and 18 minutes. An infuriated Vekic even smashed her racket after losing the match.

“I told myself I didn’t want to have any regrets here,” Osaka said. “I was stressed out when I went down 1-5… but this (comeback) was pretty good because I don’t play really well on clay.”

Earlier, world number three Petra Kvitova came back from a set down to beat Anastasija Sevastova 2-6 6-2 6-3 and move into the tournament’s semi-finals for the third time in her career.

Sevastova had a dream start, breaking Kvitova twice to take a 3-0 lead as the Czech struggled with her first serve. Kvitova also made a slew of unforced errors, with many of her returns going long.

Sevastova used the full width of the court to get the better of Kvitova, who played on the back foot for much of the first set as the Latvian gave her little time to catch her breath.

However, Kvitova recovered in the second set and she broke Sevastova’s serve when she was 3-2 up, winning 10 straight points to take a 5-2 lead. Sevastova looked shaken and was broken again to give Kvitova the second set.

Kvitova took command in the final set and broke a visibly upset Sevastova to take a 3-1 lead before easing into the semis.

“In the first set I missed almost everything. I was pretty slow and she just couldn’t miss,” Kvitova said. “In the second set it was very important for me to stay on my serve and the chance to break her came.”

Kiki Bertens plays Angelique Kerber later on Friday and Victoria Azarenka faces Anett Kontaveit in the last quarter-final.

(Reporting by Rohith Nair in Bengaluru, editing by Ed Osmond)

Source: OANN

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The Latest on fatal pileup on Interstate 70 near Denver (all times local):

10:10 a.m.

Colorado officials say four people have died after a semi-truck hauling lumber plowed into vehicles on Interstate 70, causing a fire so intense that it melted the roadway and metal off of cars.

Authorities had to wait until daylight Friday to confirm the death toll from Thursday’s 28-vehicle pileup because of the devastation caused by the fire.

Six people were taken to hospitals with injuries. Their conditions are unclear.

Lakewood police spokesman Ty Countryman says the driver of the truck who caused the crash sustained minor injuries. He has been arrested on suspicion of vehicular homicide.

Officials say the driver was headed down a hill when he slammed into slower traffic. Countryman says there is no indication the crash was intentional.

____

7:40 a.m.

A truck driver blamed for causing a deadly pileup involving over two dozen vehicles near Denver has been arrested on vehicular homicide charges.

Lakewood police spokesman Ty Countryman said Friday that there’s no indication that drugs or alcohol played a role in Thursday’s crash.

The unidentified driver was headed down a hill on Interstate 70 when he slammed into slower traffic and sparked a massive fire. Countryman said police are looking at whether his brakes were working properly.

He said 28 vehicles were involved, up from the initial 15 vehicles police reported after further sorting through the burned wreckage.

Police still say there were multiple fatalities but are still working to provide an exact number.

The highway is expected to remain closed until Saturday.

Source: Fox News National

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Tiger woods celebrates after winning the 2019 Masters
FILE PHOTO: Golf – Masters – Augusta National Golf Club – Augusta, Georgia, U.S. – April 14, 2019 – Tiger Woods of the U.S. celebrates on the 18th hole after winning the 2019 Masters. REUTERS/Lucy Nicholson

April 26, 2019

Tiger Woods is sending a message that he thinks he still has enough left, emotionally and physically, to win three more major championships to tie Jack Nicklaus’ record 18 titles.

Speaking to GolfTV in his first sit-down interview since the Masters, Woods said he has taken some time off since his victory at Augusta National, which still doesn’t feel real.

“Honestly, it’s hard to believe,” Woods said. “I was texting one of my good friends last night … that I couldn’t believe that I won the tournament. That it really hasn’t sunk in. I haven’t started doing anything. I’ve just been laying there. And every now and again, I’ll look over there on the couch and there’s the jacket.”

That’s the fifth green jacket for the 43-year-old Woods, who hadn’t won a major tournament since the 2008 U.S. Open. Along the way, four back surgeries, a divorce and other personal issues derailed him.

He said he has been spending time with his children – daughter Sam, 11, and son Charlie, 10 – who weren’t born when their father was the most dominant golfer on the planet.

“They never knew golf to be a good thing in my life and only the only thing they remember is that it brought this incredible amount of pain to their dad and they don’t want to ever want to see their dad in pain,” Woods said. “And so to now have them see this side of it, the side that I’ve experienced for so many years of my life, but I had a battle to get back to this point, it feels good.”

He said he hopes – maybe expects — they’ll see this side again.

And no one will take Woods for granted at the PGA Championship at Bethpage Black Course on Long Island, N.Y., which starts May 16.

Woods said he’ll be ready for a course he already conquered once in a major: the 2002 U.S. Open.

“I’m doing all the visual stuff, but I haven’t put in the physical work yet. But it’s probably coming this weekend,” he said.

Before Woods encountered health and personal problems, it was expected that topping Nicklaus’ major mark was “when” and not “if.” Then the certainty went away, but Woods thought he still had a chance.

“I always thought it was possible, if I had everything go my way. It took him an entire career to get to 18, so now that I’ve had another extension to my career – one that I didn’t think I had a couple of years ago – if I do things correctly and everything falls my way, yeah, it’s a possibility. I’m never going to say it’s not.

“Now I just need to have a lot of things go my way, and who’s to say that it will or will not happen? That’s what the future holds, I don’t know. The only thing I can promise you is this: that I will be prepared.”

–Field Level Media

Source: OANN

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Maria Butina, the Russian woman who was accused of being a secret agent for the Russian government, was sentenced to 18 months in prison Friday by a federal judge in Washington after pleading guilty last year to a conspiracy charge.

Butina, who has already served nine months behind bars, will get credit for time served and can possibly get credit for good behavior, the judge said. She will be removed from the U.S. promptly on completion of her time, the judge added, and returned to Russia.

MARIA BUTINA, ACCUSED RUSSIAN SPY, PLEADS GUILTY TO CONSPIRACY

An emotional and apologetic Butina said in court Friday she is “truly sorry” and regrets not registering as a foreign agent.

“I feel ashamed and embarrassed,” she said, adding that her “reputation is ruined.”

Butina has been jailed since her arrest in July 2018. She entered the court Friday wearing a dark green prison jumpsuit and spoke in clear English, with a slight Russian accent.

“Please accept my apologies,” Butina said.

Butina’s lawyer, Robert Driscoll, said after the sentencing they had hoped for a “better outcome,” but expressed a desire for Butina to be released to her family by the fall.

Prosecutors had claimed Butina used her contacts with the National Rifle Association and the National Prayer Breakfast to develop relationships with U.S. politicians and gather information for Russia.

Prosecutors also have said that Butina’s boyfriend, conservative political operative Paul Erickson, identified in court papers as “U.S. Person 1,” helped her establish ties with the NRA.

WHO IS MARIA BUTINA, THE RUSSIAN WOMAN ACCUSED OF SPYING ON US?

In their filings, prosecutors claim federal agents found Butina had contact information for people suspected of being employed by Russia’s Federal Security Services, or FSB, the successor intelligence agency to the KGB. Inside her home, they found notes referring to a potential job offer from the FSB, according to the documents.

Investigators recovered several emails and Twitter direct message conversations in which Butina referred to the need to keep her work secret and, in one instance, said it should be “incognito.” Prosecutors said Butina had contact with Russian intelligence officials and that the FBI photographed her dining with a diplomat suspected of being a Russian intelligence agent.

Fox News’ Jason Donner, Bill Mears, Greg Norman and the Associated Press contributed to this report.

Source: Fox News Politics

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