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NBA roundup: Thunder rally past Nets

NBA: Brooklyn Nets at Oklahoma City Thunder
Mar 13, 2019; Oklahoma City, OK, USA; Oklahoma City Thunder center Steven Adams (12) speaks with Oklaho Thunder guard Terrance Ferguson (23) and Thunder forward Paul George (13) during a stoppage in play in the second half at Chesapeake Energy Arena. Mandatory Credit: Alonzo Adams-USA TODAY Sports

March 14, 2019

Paul George and Russell Westbrook combined for 56 points as the Oklahoma City Thunder beat the visiting Brooklyn Nets 108-96 on Wednesday night.

Oklahoma City trailed by as much as 17 early in the second quarter and 10 early in the second half. It was the second time this season the Thunder came from a double-digit deficit in the second half to beat the Nets and the 14th game this season that Oklahoma City won after trailing by at least 10.

The comeback wasn’t as dramatic as Dec. 5 in Brooklyn, when the Thunder outscored the Nets by 20 in the fourth quarter to win by two. This time, the comeback happened in the third quarter, when George snapped out of his recent slump with 12 points.

Westbrook finished with 31 points, 12 rebounds and 11 assists for his first triple-double since Feb. 28. Spencer Dinwiddie led the Nets with 25 points.

Wizards 100, Magic 90

Bradley Beal scored 23 points, Thomas Bryant added 21 points and 10 rebounds, and Washington defeated visiting Orlando.

Jabari Parker added 19 points and nine rebounds for Washington, which is 2-0 on a crucial five-game homestand. Wizards reserves, led by Bryant, Parker and Chasson Randle (13 points), scored 59 points.

Nikola Vucevic led the Magic with 20 points and 14 rebounds. D.J. Augustin scored 16 points, and Aaron Gordon and Jonathan Isaac had 13 each for the Magic, who have lost four of five.

Heat 108, Pistons 74

Justise Winslow led a balanced attack with 16 points, and host Miami scored the first 21 points of the second half to roll past Detroit.

The Heat outscored the Pistons 33-8 in the third quarter. It was Detroit’s lowest-scoring quarter since Nov. 21, 2012, when the Pistons had an eight-point quarter against Orlando.

Dion Waiters had 14 points, Hassan Whiteside and Josh Richardson scored 13 apiece, and Dwyane Wade tossed in 11 points off the bench for Miami. Blake Griffin led Detroit with 13 points. Former Heat guard Wayne Ellington added 11 points.

Hawks 132, Grizzlies 111

Atlanta continued its hot play on offense, with John Collins, Trae Young and Alex Len combining for 69 points in a win over visiting Memphis. The Hawks entered the game as the NBA’s top offensive team since the All-Star Game, averaging 122.5 points.

Collins finished with 27 points on 11-for-17 shooting and grabbed 12 rebounds for his 28th double-double of the season. Young scored 22 points and had eight rebounds. Len came off the bench to add 20 points and eight rebounds.

CJ Miles sank eight 3-pointers and scored 33 points for the Grizzlies. Mike Conley added 20 points and seven assists.

–Field Level Media

Source: OANN

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UNICEF: Venezuelan children on the move need help

Across Colombia's capital, Venezuelan children spend hours at busy intersections while their migrant parents sell candy or ask motorists for a few coins to get through another day after fleeing their homeland.

The impact of Venezuela's devastating problems has rippled across Latin America and the Caribbean in recent years as more than 3 million people left the country. As is the case in emergencies around the world, it is the children who are most vulnerable.

UNICEF says in a new report that about 1.1 million children will need access to services such as education, sanitation and safe drinking water across the region this year because of the Venezuelan migrant crisis. The U.N. agency says the projected figure is more than double the number of children who need help right now.

Source: Fox News World

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New Zealand Prime Minister vows never to mention mosque gunman's name

New Zealand Prime Minister Jacinda Ardern, addressing the country’s parliament on Tuesday, vowed to never speak the name of the alleged gunman who fatally shot more than 50 people and injured dozens more at two Mosques last week.

"He sought many things from his act of terror, but one was notoriety - that is why you will never hear me mention his name," Ardern said.

She implored parliament members to follow her lead and speaking only the names of the victims rather than the man who took their lives.

YOUTUBE STRUGGLED TO REMOVE NEW ZEALAND SHOOTING VIDEOS. THIS IS WHY.

"He may have sought notoriety, but we in New Zealand will give him nothing, not even his name," she said, adding: “He is a terrorist. He is a criminal. He is an extremist. But he will, when I speak, be nameless."

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The shooter's desire for attention was made clear in a manifesto sent to Ardern's office and others before Friday's massacre and by footage of his attack on the Al Noor mosque, which he live-streamed. Facebook said it removed 1.5 million versions of the video during the first 24 hours.

The Associated Press contributed to this report.

Source: Fox News World

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MLB roundup: Astros’ streak halted at 10

MLB: Houston Astros at Oakland Athletics
Apr 17, 2019; Oakland, CA, USA; Oakland Athletics third baseman Matt Chapman (26) rounds the bases on a solo home run against the Houston Astros during the sixth inning at Oakland Coliseum. Mandatory Credit: Kelley L Cox-USA TODAY Sports

April 18, 2019

Matt Chapman broke a sixth-inning tie with a home run Wednesday night, helping the host Oakland Athletics snap the Houston Astros’ 10-game winning streak with a 2-1 victory.

Frankie Montas (3-1) gave up one run and three hits in 6 1/3 innings, and the Oakland bullpen got the final eight outs as the A’s beat the Astros for the first time in five tries this season to split the two-game series.

Wade Miley (1-2), who took a 5-1 career record against the A’s to the mound, was the hard-luck loser, allowing two runs on just four hits in six innings.

Indians 1, Mariners 0

Carlos Carrasco pitched seven scoreless innings as Cleveland completed a three-game sweep of host Seattle. Jake Bauers hit a solo homer to account for the game’s lone run.

Carrasco (2-2), who allowed six runs in two of his first three starts of the season and entered the game with a 12.60 ERA, showed the form that helped him win 35 games over the past two seasons with the Indians.

Carrasco allowed only three hits, walked two and struck out 12.

Dodgers 3, Reds 2

A.J. Pollock interrupted a pitchers’ duel with a three-run home run, and Los Angeles finished off a three-game series sweep with a victory over visiting Cincinnati.

With Reds starter Sonny Gray locked in a scoreless showdown with Dodgers starter Walker Buehler, Pollock came through in the sixth inning as Los Angeles tied the major league record for consecutive games with a home run at home.

The Dodgers have hit at least one home run in 32 consecutive games going back to last season, matching the mark set by the Colorado Rockies in 1999.

Phillies 3, Mets 2

Jake Arrieta pitched eight-plus solid innings, Scott Kingery and Cesar Hernandez each homered, and host Philadelphia defeated New York.

J.T. Realmuto had two hits for the Phillies, who played without shortstop Jean Segura due to a strained left hamstring.

Arrieta (3-1) allowed six hits and two runs and induced the Mets into 12 ground-ball outs. He walked two and struck out three. Hector Neris earned the shaky save despite allowing an RBI single and hitting Wilson Ramos. Neris struck out Keon Broxton swinging on a 3-2 count with the bases loaded in the ninth.

Cardinals 6, Brewers 3

Paul DeJong matched his career high with four hits, and visiting St. Louis avoided a three-game sweep with a win against Milwaukee.

Michael Wacha (1-0) improved to 6-0 in his career against the Brewers, allowing two runs and five hits in six innings, striking out seven and walking one.

Marcell Ozuna hit his fifth home run in the past four games. Matt Carpenter also homered, while Kolten Wong had three hits and Matt Wieters had two hits and two RBIs for the Cardinals.

Diamondbacks 3, Braves 2 (10 innings)

Adam Jones walked with the bases loaded and Arizona exploited the struggling Atlanta bullpen for the second straight night. The winning rally came against Jesse Biddle (0-1), whose throwing error allowed Tim Locastro to reach second base with one out. Biddle walked Jarrod Dyson, coaxed Eduardo Escobar into a lineout and then walked David Peralta.

Greg Holland pitched a scoreless 10th inning, striking out two, to earn his fourth save and extend his scoreless streak to 11 innings. Archie Bradley (1-1) pitched two scoreless innings and earned the win.

Brewers starter Corbin Burnes (0-2) had allowed three home runs in each of his first three starts this season and gave up two more before leaving after 3 1/3 innings. He yielded five runs on nine hits and two walks while striking out three.

Yankees 5, Red Sox 3

Brett Gardner hit a grand slam off Ryan Brasier with one out in the seventh inning, and New York rallied past Boston to complete a two-game sweep at Yankee Stadium.

The Yankees loaded the bases on two walks and a single by Clint Frazier against Brandon Workman (0-1).

It was Gardner’s 100th career homer and fourth career grand slam. It was his first grand slam since June 30, 2017, in Houston off James Hoyt.

Cubs 6, Marlins 0

Cole Hamels pitched seven scoreless innings to lead Chicago to a shutout win at Miami.

All six Cubs runs scored on two-out, opposite-field hits as Chicago completed a three-game sweep. Daniel Descalso went 2-for-3 with three RBIs, and Javier Baez went 2-for-4 and homered for the second straight game.

Hamels (3-0) allowed just three hits — all singles — and no walks, striking out eight and lowering his ERA to 2.77. He got 11 groundouts.

Nationals 9, Giants 6

Juan Soto and Howie Kendrick hit homers in the first inning, and Matt Adams and Kurt Suzuki went deep in the seventh as Washington held on to beat visiting San Francisco.

Adams hit a three-run homer off Travis Bergen to give his team a 7-2 lead in the seventh. Two batters later, Suzuki went deep with a two-run shot.

The Giants erupted for four runs in the ninth as Gerardo Parra and Steven Duggar hit two-run homers to make it 9-6 off reliever Austen Williams with no outs. That brought on Kyle Barraclough, who retired the only batter he faced before closer Sean Doolittle got the final two outs after allowing a double to Buster Posey and a walk to Brandon Belt.

Pirates 3, Tigers 2 (10 innings)

Colin Moran knocked in the go-ahead run in the 10th, and Pittsburgh edged host Detroit for the second consecutive night.

Josh Bell was the only other Pirate to record an RBI. Nick Burdi (2-1) pitched an inning of scoreless relief to notch the victory. Felipe Vazquez got the last three outs to pick up his fifth save.

Pirates starter Trevor Williams allowed two runs on six hits and a walk while striking out five in six innings. Detroit’s Spencer Turnbull only gave up an unearned run in six innings while limiting Pittsburgh to two hits and two walks. He fanned five. Ronny Rodriguez and John Hicks drove in the runs for the Tigers, who have dropped five straight.

Rays 8, Orioles 1

Brandon Lowe, Ji-Man Choi and Yandy Diaz each homered as Tampa Bay defeated visiting Baltimore.

The Rays have taken the first two games of this series and have belted four homers so far. Lowe’s homer was the big one in this contest, a three-run shot off Baltimore starter David Hess, and it gave the Rays a 3-0 lead in the first inning.

Five Tampa Bay players finished with at least two hits as the Rays banged out 13 overall, nine for extra bases.

Rangers 5, Angels 4

Shin-Soo Choo had two hits, including a two-run triple in the decisive fifth inning to lead Texas past visiting Los Angeles. Choo, who raised his batting average to .345, was instrumental in Texas sweeping the three-game series.

Rangers starter Lance Lynn (2-1) worked out of trouble early and minimized damage before exiting with two outs in the sixth inning. Lynn allowed just two runs on seven hits and three walks. He struck out two.

Rangers closer Jose Leclerc notched his fifth save, although he made it adventurous. Entering with a 5-3 lead, he loaded the bases with no outs on a David Fletcher double, a walk to Kole Calhoun and a Mike Trout hit-by-pitch. Leclerc dodged disaster, allowing only a fielder’s choice RBI to Andrelton Simmons between striking out Justin Bour looking and Brian Goodwin swinging.

Royals 4, White Sox 3 (10 innings)

Hunter Dozier homered to lead off the 10th inning, and visiting Kansas City posted a victory over Chicago in a game that featured a benches-clearing melee.

After his RBI single in the seventh gave Kansas City a 3-2 lead, Dozier launched a 2-0 inside fastball from Nate Jones (0-1) over the wall in left field for his fifth homer of the season.

Chicago’s Tim Anderson punctuated his two-run homer off Kansas City starter Brad Keller in the fourth inning by emphatically tossing his bat. Keller drilled Anderson in the backside on the first pitch to lead off the sixth inning, resulting in both benches and bullpens rushing the field. Keller, Anderson, White Sox manager Rick Renteria and Royals bench coach Dale Sveum were ejected

Twins 4, Blue Jays 1

Nelson Cruz went 2-for-3 with a walk and two RBIs, and Jake Odorizzi allowed just one run over 5 2/3 innings as Minnesota beat Toronto in Minneapolis.

Odorizzi (1-2) allowed six hits and one walk while striking out six. Blake Parker retired all three batters he faced in the ninth, including two by strikeouts, to pick up his fourth save.

Jorge Polanco went 2-for-3 with a walk and scored two runs, raising his average to .429, and Marwin Gonzalez also went 2-for-3 with a walk and an RBI for the Twins. Freddy Galvis went 2-for-4 with a run for Toronto.

–Field Level Media

Source: OANN

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The Russian Collusion Hoax Meets Unbelievable End

The Russian Collusion Hoax Meets Unbelievable End

AP Photo/J. Scott Applewhite

As the Russia collusion hoax hurtles toward its demise, it's important to consider how this destructive information operation rampaged through vital American institutions for more than two years, and what can be done to stop such a damaging episode from recurring.

Read Full Article »

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Winter storm bringing 'widespread hazardous weather' stretching from Midwest to Northeast

A "significant" winter storm is bringing the threat of snow, ice and rain to every state east of the Mississippi River on Wednesday, causing the federal government to shutter offices and leading to widespread travel disruptions.

The National Weather Service said the strengthening storm will bring areas of heavy snow and ice from the Midwest into the Mid-Atlantic and Northeast during the day Wednesday and into early Thursday.

"This is not a blockbuster storm by any means, but it is going to cause travel problems," Fox News Senior Meteorologist Janice Dean said Wednesday on "FOX & Friends."

WINTER STORM TO BRING SNOW, ICY MIX, FLOODING CONCERNS FOR UP TO 200 MILLION AMERICANS

The Washington D.C. area could get between 2 and 5 inches of snow before transitioning to an icy mix around 1 p.m. and then rain, according to Dean.

Snow will impact the major cities across the Northeast by midday on Wednesday.

Snow will impact the major cities across the Northeast by midday on Wednesday. (Fox News)

Further north, several inches of snow is expected to fall in the Philadelphia and New York City areas starting midday before changing to a wintry mix and then rain by the night.

Winter weather alerts and flood advisories span across multiple states.

Winter weather alerts and flood advisories span across multiple states. (Fox News)

"That means the potential for ice and then all rain as we go into the overnight hours," Dean said.

SNOW-SHOVELING DOG CAPTURED ON VIDEO

The wintry weather has the potential to make already slow evening rush hours across the major Northeast cities even worse. In New Jersey, Gov. Phil Murphy declared a state of emergency ahead of the storm.

"Avoid unnecessary travel, particularly this afternoon," the New Jersey Department of Transportation warned on Twitter. Commercial vehicles were also banned from certain highways in New Jersey and Pennsylvania.

Schools across the region planned early dismissals, and more than 1,600 flights have been canceled nationwide as of 8:30 a.m., according to flight-tracking website FlightAware.

CLICK HERE FOR THE FOX NEWS APP

The biggest airports affected by the storm were in the nation's capital, with Reagan National, Baltimore/Washington International and Washington Dulles International leading with the greatest. Chicago's O'Hare and Philadelphia International were also impacted.

Further south, the storm is bringing the threat of flooding due to moisture "surging north" from Louisiana to the Ohio Valley, according to the NWS' Weather Prediction Center.

"Rainfall amounts on the order of 1 to 3 inches are expected through Friday morning across much of the Deep South as multiple rounds of rainfall over the same areas, and widespread flash flood watches are in effect," the NWS said. "River flooding in the coming days will also be an issue."

Source: Fox News National

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India’s Jet Airways cancels some long-haul flights as it grounds more planes

FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, March 26, 2019. REUTERS/Francis Mascarenhas/File Photo

April 11, 2019

By Aditi Shah

NEW DELHI (Reuters) – India’s beleaguered Jet Airways said on Thursday 10 more of its planes had been grounded over unpaid dues to leasing companies, pushing it to the brink of shutdown and jeopardizing hopes of a new investor rescuing the carrier.

Jet, which had already been forced by lessors to ground about 80 percent of its fleet prior to this, also said it had canceled all west-bound overseas long-haul flights until tomorrow morning.

Thursday’s move comes even as Jet’s lenders still try to seek expressions of interest in the debt-laden carrier from potential investors interested in turning around the airline.

Jet airways has proactively canceled all west bound long haul flights from India from tonight until tomorrow morning, a company spokesman said.

With the fresh groundings on Thursday, a Reuters calculation pegs the size of Jet’s operational fleet at slightly over a dozen planes, down from over 120 aircraft last year.

Saddled with more than $1.2 billion of bank debt, Jet is fighting for survival as it also owes money to lessors, suppliers, pilots and oil companies.

If the size of its operational fleet drops below the 20 mark, Jet may be forced to halt all international operations, as Indian regulations demand that any domestic carrier has to have at least 20 operational aircraft in order to fly overseas.

A company spokesman declined to comment on whether the size of Jet’s operational fleet was now less than 20, only saying that it was still in the double digits.

Lenders, led by State Bank of India (SBI), want a new investor to acquire a stake of up to 75 percent in the airline. Initial bids were to be submitted by the end of Wednesday, but SBI extended the deadline on Wednesday to Friday.

At least three sources familiar with the matter said the lenders had so far received four expressions of interest in the airline.

It is far from clear though, whether any of these will translate into bids and whether an investor will be identified in time to rescue the 25-year old carrier.

Jet has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March, and many of its lessors that had earlier grounded planes have in the last two weeks begun to de-register these planes, further eroding value in the airline.

Once a plane is de-registered, the lessor can take it out of the country and lease it to other airlines.

Some fuel suppliers have also begun to tighten their fuel supply terms to the embattled carrier, piling additional pressure on Jet.

The airline, once India’s leading private carrier, has been forced in recent months to cancel hundreds of flights to dozens of destinations both in India and overseas, leading to a customer backlash and a steady slide in its market share.

(Reporting by Aditi Shah in New Delhi Chris Thomas in Bengaluru; Additional reporting by Promit Mukherjee in Mumbai; Editing by Susan Fenton and Euan Rocha)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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