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UK lenders see big drag from house prices on mortgages: BoE

A row of houses are seen in London
FILE PHOTO: A row of houses are seen in London, Britain June 3, 2015. REUTERS/Suzanne Plunkett

April 18, 2019

LONDON (Reuters) – British lenders think a slowdown in house prices will exert the biggest drag since 2012 on how many mortgages they offer, a Bank of England survey showed on Thursday, as Brexit uncertainty continues to depress the market.

Lenders surveyed by the central bank last month expected to provide around as many mortgages in the second quarter as in the first three months of the year.

But they predicted that expectations for house prices would be the biggest drag on mortgage supply, rather than the economic outlook or financial conditions.

Expectations for demand for mortgages in the prime market — dominated by London which has been hardest hit by the chaos surrounding Britain’s exit from the European Union — fell to their lowest level since late 2010, the BoE said.

Other surveys have shown Brexit to be a major drag on the property market in the capital, which is sensitive to flows of migrant workers from the European Union. A surge in prices in London in previous years has also stretched affordability.

Official data on Wednesday showed British house prices rose at the weakest rate in six-and-a-half years in February, dragged down by London’s biggest price fall in a decade.

The BoE’s survey took place between March 4 and 22.

(Reporting by Andy Bruce, editing by William Schomberg)

Source: OANN

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Police release more records in Las Vegas massacre

Accounts of Las Vegas police collecting bullet fragments and tracing gun purchases are among newly released records from the deadliest mass shooting in modern U.S. history.

More than 750 pages of documents were distributed Wednesday by Las Vegas police.

However, a motive remains unknown for the carnage that killed 58 people and injured more than 850 in October 2017.

Police have said the 35th batch of material released since May under court order in a public records lawsuit will be the last.

It included transcribed statements by the first officers into a high-rise hotel suite where the gunman sprayed bullets from windows into a concert crowd below before killing himself.

Source: Fox News National

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As The Perfect Storm Approaches, Most Americans Are Partying Instead Of Preparing

I can’t think of a time when Americans were more apathetic about getting prepared, and yet this is exactly the time when the urgency to get prepared should be at the highest. 

Earlier today, my wife Meranda and I were discussing the fact that every single element of “the perfect storm” is coming together just as we had anticipated.  One by one, the pieces are all falling into place, and I share the most recent things that my research has uncovered with all of you on a daily basis.  Unfortunately, most Americans are absolutely convinced that there is no reason to get prepared for hard times because everything is going to be just great.  In America today, most people either believe that the future is going to be totally wonderful or that the future will be totally wonderful once we get rid of Trump.  Because so many of us have adopted one of these false narratives, most Americans are partying instead of preparing, and that is going to mean big trouble when things really start going haywire.

Are you familiar with “the rule of three”?  I just looked it up on Google, and this is how it is defined…

“You can survive for 3 Minutes without air (oxygen) or in icy water. You can survive for 3 Hours without shelter in a harsh environment (unless in icy water) You can survive for 3 Days without water (if sheltered from a harsh environment) You can survive for 3 Weeks without food (if you have water and shelter)”

Of course these numbers are not exact.  For example, many have gone without food for more than 3 weeks without serious problems.  But in general, this is a pretty good guideline for survival.

Sadly, if a major emergency were to hit this country tonight, most Americans would be completely unprepared when it comes to even the most basic essentials.  In fact, one survey found that only 39 percent of Americans have any sort of an “emergency kit” whatsoever…

When it comes to being prepared for an emergency, 39% say they have an emergency kit, while another 39% have a non-perishable food stock. A little less than one-third (28%) of people have stockpiles of water, and one in four people (25%) have an evacuation plan.

Of those who have an emergency kit, the most common items to have in the kit are: a first-aid kit (86%), flashlights or other light sources (83%), food (65%), water (63%), and blankets (62%).

Those are depressingly low numbers.


Owen Benjamin riffs about the truest manifestation of freedom in the United States today versus the left’s authoritarian concepts that are sold to the American people as ‘freedom’ but result in dependency and slavery.

So what are all of those people going to do when things hit the fan and the government is not there to rescue them?

Needless to say, a lot of people will really freak out when they can’t get what they need.

But as long as things are relatively “normal”, this astounding lack of preparation will not be a problem.  And right now, Americans are acting as if things will be “normal” for the foreseeable future.  In fact, most of us are partying like it’s 1999 all over again.  According to CNBC, U.S. consumer debt just surpassed the four trillion dollar mark for the first time ever…

As of this month, outstanding consumer debt exceeded $4 trillionfor the first time, according to the Federal Reserve.

Relatively strong holiday spending, particularly in November, and increasing credit card debt added more than $41 billion in outstanding balances at the end of 2018, according to LendingTree, a loan comparison website, which analyzed the data from the Fed.

We are spending money as if there is no tomorrow, and that would be fine if tomorrow never arrived.

Of course we really shouldn’t be spending money so wildly anyway, because many of us are already completely drowning in debt.  For example, auto loan delinquencies are already far higher than they were during the peak of the last recession.  The following comes from NBC News

At least 7 million Americans were in serious delinquency on their car loan — 90 or more days behind — at the end of 2018, according to data released Tuesday by the Federal Reserve Bank of New York.

That’s 1 million more than at the end of 2010, after the recession.

And student loan delinquencies also just shot up to the highest level ever.  We have never seen anything like this before in modern American history, and yet the party continues to roll on.

For now.

Unfortunately, all parties eventually come to an end, and the end of this one is going to be particularly painful.

When disaster strikes, most Americans are going to be out of resources very, very rapidly.  One survey found that 78 percent of all American workers are living paycheck to paycheck.  That number is a little higher than other figures that I have seen, but everyone agrees that a solid majority of the country is barely scraping by each month.

When things get really bad, I honestly don’t know how most people are going to make it.

A number of years ago, a survey asked Americans how long they thought they would survive if the electrical grid went down for an extended period of time.

Nearly 75 percent said that they would be dead before the two month mark.

Hopefully you are more resourceful than that.  But without a doubt all of us are going to stand a better chance of surviving what is ahead if we make some basic preparations.  It’s isn’t rocket science, but if you choose to do nothing because you have blind faith in the system, then you and your entire family could find yourselves in a world of hurt when things start getting really crazy out there.

If we had made different choices as a nation, we could have had a very different future.

Sadly, our self-destructive behavior continues to get even worse, and a day of reckoning for America is fast approaching.

Source: InfoWars

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NATO to receive first Northrop surveillance drone, years late

A German soldier holds NATO flag during a ceremony to welcome the German battalion being deployed to Lithuania as part of NATO deterrence measures against Russia in Rukla
FILE PHOTO - A German soldier holds NATO flag during a ceremony to welcome the German battalion being deployed to Lithuania as part of NATO deterrence measures against Russia in Rukla, Lithuania February 7, 2017. REUTERS/Ints Kalnins

March 18, 2019

By Andrea Shalal

BERLIN (Reuters) – NATO is to receive the first of five Northrop Grumman high-altitude drones in the third quarter after years of delays, giving the alliance its own spy drones for the first time, the German government told lawmakers.

Thomas Silberhorn, state secretary in the German Defence Ministry, said the NATO Alliance Ground Surveillance (AGS) drone would be delivered to an air base in Sigonella, Italy, followed by four additional systems, including drones and ground stations built by Airbus, later in the year.

NATO plans to use the aircraft, a derivative of Northrop’s Global Hawk drone, to carry out missions ranging from protection of ground troops to border control and counter-terrorism. The drones will be able to fly for up to 30 hours at a time in all weather, providing near real-time surveillance data.

Northrop first won the contract for the AGS system from NATO in May, 2012, with delivery of the first aircraft slated for 52 months later. However, technical issues and flight test delays have delayed the program, Silberhorn said.

Andrej Hunko, a member of the radical Left opposition party, called for Germany to scrap its participation in the program, warning of spiraling costs and the risk that it could escalate the conflict in eastern Ukraine.

“The drones are closely linked to a new form of warfare,” he said. “They stand for an arms race that will see existing surveillance and spy systems replaced with new platforms.”

Silberhorn, in a previously unreported response to a parliamentary query from Hunko, said NATO had capped the cost of the program at 1.3 billion euros ($1.47 billion) in 2007.

Germany, which is funding about a third of system, scrapped plans to buy its own Global Hawk drones amid spiraling costs and certification problems, and is now negotiating with Northrop to buy several of its newer model Triton surveillance drones.

Fifteen NATO countries, led by the United States, will pay for the AGS system, but all 29 alliance nations are due to participate in its long-term support.

Germany has sent 76 soldiers to Sigonella to operate the surveillance system and analyze its findings, Silberhorn said. He said a total of 132 German soldiers would eventually be assigned to AGS, of whom 122 would be stationed in Sigonella.

NATO officials had no immediate comment on the program status or whether Northrop faced penalties for the delayed delivery.

No comment was available from Northrop.

(1 euro = $1.1336)

(Reporting by Andrea Shalal, editing by Ed Osmond)

Source: OANN

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Fox News Poll document 4/17

Source: Fox News Politics

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Trump Says He Is Holding Big Pharma Accountable in Opioid Fight

President Donald Trump touted progress in the fight against opioid abuse on Wednesday and promised to hold drugmakers accountable for their part in the crisis, a day after his administration brought its first related criminal charges against a major drug distributor and company executives.

America's opioid epidemic, especially damaging in rural areas where Trump is popular, has been a focus for the Republican president.

On Tuesday, the government charged drug distributor Rochester Drug Co-operative Inc and company executives for their role in fueling the epidemic. The company agreed to pay $20 million and enter a deferred prosecution agreement to resolve charges it turned a blind eye to thousands of suspicious orders for opioid pain killers.

"We are holding big Pharma accountable," Trump said at the Rx Drug Abuse and Heroin Summit in Atlanta.

Deaths from opioid overdose in the United States jumped 17 percent in 2017 from a year earlier to more than 49,000 according to the Centers for Disease Control and Prevention.

Deaths from potent synthetic opioids like fentanyl surged 45 percent in that time, according to the CDC.

Hundreds of lawsuits by state and local governments accuse drugmakers such as Purdue Pharma of deceptively marketing opioids, and distributors such as AmerisourceBergen Corp , Cardinal Health Inc and McKesson Corp of ignoring that they were being diverted for improper uses.

Trump said he convinced Chinese President Xi Jinping in a December meeting in Argentina to designate fentanyl as a controlled substance.

China last month listed all fentanyl-related substances as controlled narcotics after criticism from Trump, though its government blamed U.S. culture for abuse of the drug and said the amount of fentanyl going from China into the United States was "extremely limited."

"Almost all fentanyl comes from China," Trump said on Wednesday. "They are going to make it a major crime."

Little has come of Trump's earlier calls for executing drug dealers. But the administration has taken some action to address the crisis on other fronts.

Trump declared the opioid crisis a public health emergency in October 2017. Last week, U.S. health officials said they will spend $350 million in four states to study ways to best deal with the opioid crisis on the local level, with a goal of reducing opioid-related overdose deaths by 40 percent over three years in selected communities in those states.

The Democratic National Committee said in a statement before Trump's remarks that his proposed Medicaid cuts and efforts to overturn the Affordable Care Act, popularly known as Obamacare, could make the opioid problem worse.

Trump has used the crisis to support his call for building a wall on the border with Mexico, saying it would help keep out heroin and other illegal drugs and curb the crisis.

Source: NewsMax America

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Weak Indian demand drags March services growth to six-month low: PMI

Waiter carries plates of food for customers at the Britannia and Co. restaurant in Mumbai
A waiter carries plates of food for customers at the Britannia and Co. restaurant in Mumbai September 19, 2013. REUTERS/Danish Siddiqui/File Photo

April 4, 2019

BENGALURU, (Reuters) – India’s dominant services industry last month grew at its slowest pace since September, hampered by a weaker expansion in domestic demand that dragged the pace of hiring to a six-month low, a private survey showed.

The Nikkei/IHS Markit Services Purchasing Managers’ Index fell to 52.0 in March from 52.5 the previous month but remained above the 50 mark separating growth from contraction for a 10th consecutive month.

The index change “was partly caused by waning new business growth, with further increases to output prices perhaps contributing to the slide,” noted Pollyanna De Lima, principal economist at IHS Markit.

Although foreign demand improved last month after contracting slightly in February, a sub-index tracking overall demand slipped as firms raised prices more quickly – despite a decline in the rate of input price inflation.

However, that is probably not enough to boost retail inflation to above the Reserve Bank of India’s medium-term target of 4 percent, thus paving the way for more monetary policy easing.

The RBI has a policy decision due later on Thursday, and it is widely expected to cut interest rates for a second consecutive meeting, according to a Reuters poll.

A slowdown in the growth in services activity, alongside weaker manufacturing expansion, led the India composite index to fall to a six-month low of 52.7 in March – the lowest since September – from February’s 53.8.

Despite a sub-index measuring optimism in the services industry hitting a six-month high, the one gauging employment weakened to its lowest since September.

“An anemic pace of job creation hints that service providers are not fully convinced about a shift into a higher growth gear,” De Lima said.

“Digging deeper into the anecdotal evidence provided by surveyed firms, there are concerns about delayed payment from clients and a challenging economic situation,” she added.

(Reporting by Indradip Ghosh; Editing by Richard Borsuk)

Source: OANN

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FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei’s factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight taxis after landing at Reagan National Airport in Washington
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles taxis after landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States over safety issues in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo

April 26, 2019

(Reuters) – American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes after cancelling 1,200 flights in the first quarter.

The company said it now expects its 2019 adjusted profit to be between $4.00 per share and $6.00 per share.

Analysts on average had expected 2019 earnings of $5.63 per share, according to Refinitiv data.

The No. 1 U.S. airline by passenger traffic said net income rose to $185 million, or 41 cents per share, in the first quarter ended March 31, from $159 million, or 34 cents per share, a year earlier.

Total operating revenue rose 2 percent to $10.58 billion.

(Reporting by Sanjana Shivdas in Bengaluru)

Source: OANN

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2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa
2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa, U.S., April 16, 2019. REUTERS/Elijah Nouvelage

April 26, 2019

By James Oliphant

MARSHALLTOWN, Iowa (Reuters) – Four years ago, Donald Trump campaigned in small towns like Marshalltown, Iowa, vowing to restore economic prosperity to the U.S. heartland.

In his bid to replace Trump in the White House, Pete Buttigieg is taking a similar tack. The difference, he says, is that he can point to a model of success: South Bend, Indiana, the revitalized city where he has been mayor since 2012.

The Democratic presidential contender has vaulted to the congested field’s top tier in recent weeks, drawing media and donor attention for his youth, history-making status as the first openly gay major presidential candidate and a resume that includes military service in Afghanistan.

But Buttigieg’s main argument for his candidacy is that he is a turnaround artist in the mold of Trump, although the Democrat does not expressly invoke the comparison with the Republican president.

“I’m not going around saying we’ve fixed every problem we’ve got,” Buttigieg, 37, said after a house party with voters in Marshalltown. “But I’m proud of what we have done together, and I think it’s a very powerful story.”

Critics argue improving the fortunes of a Midwestern city of 100,000 people does not qualify Buttigieg, who has never held national office, for the presidency of a country of 330 million. Others say South Bend still has pockets of despair and that minorities, in particular, have failed to benefit from its growth.

Buttigieg has told crowds in Iowa and elsewhere that his experience in reviving a struggling Rust Belt community allows him to make a case to voters that other Democratic candidates cannot. That may give him the means to win back some of the disaffected Democratic voters who turned their backs on Hillary Clinton in 2016 to vote for Trump.

Watching Buttigieg at a union hall in Des Moines last week, Rick Ryan, 45, a member of the United Steelworkers, lamented how many of his fellow union workers voted for Trump. The president turned in the best performance by a Republican among union households since Ronald Reagan in 1984.

Ryan said he hoped someone like Buttigieg could return them to the Democratic fold.

“He’s aware of the decline in the labor force in America, not just in Indiana or Des Moines or anywhere else,” Ryan said. “Jobs are going overseas. We need a find to way to bring that back.”

Randy Tucker, 56, of Pleasant Hill, Iowa, a member of the International Brotherhood of Electrical Workers, said Trump appealed to union members “desperate for somebody to reach out to them, to help them, to listen to their voice.”

Buttigieg could do the same, he said. “In my heart right now, he’s No. 1.”

PAST VS. FUTURE

Buttigieg stresses a key difference in his and Trump’s approaches.

Trump, he tells crowds, is mired in the past, promising to rebuild the 20th century industrial economy. Buttigieg argues the pledge is misleading and unrealistic.

Buttigieg says his focus is on the future, and he often talks about what the country might look like decades from now.

“The only way that we can cultivate what makes America great is to look to the future and not be afraid of it,” Buttigieg said in Marshalltown.

Buttigieg knows his sexual preference may be a barrier to winning some blue-collar voters. But he notes that after he came out as gay in 2015, he won a second term as mayor with 80 percent of the vote in conservative Indiana.

Earlier this month, he announced his presidential bid at the hulking plant in South Bend that stopped making Studebaker autos more than 50 years ago. After lying dormant for decades, the building is being transformed into a high-tech hub after Buttigieg and other city leaders realized it would never again attract a large-scale industrial company.

“That building sat as a powerful reminder. We hoped we would get back that major employer that would fix our economy,” said Jeff Rea, president of the regional Chamber of Commerce.

Buttigieg is praised locally for spurring more than $100 million in downtown investment. During his two terms, unemployment has fallen to 4.1 percent from 11.8 percent.

But a study released in 2017 by the nonprofit group Prosperity Now said not all of the city’s residents had shared in its rebound. The median income for African-Americans remained half that of whites, while the unemployment rate for blacks was double.

Regina Williams-Preston, a city councilor running to replace Buttigieg as mayor, credits him for the revitalized downtown. But she said he had a “blind spot” when it came to focusing on troubled neighborhoods like the one she represents and only grew more engaged after community pressure.

“He understands it now,” she said. “The next step is figuring out how to open the doors of opportunity for everyone.”

‘ONE OF US’

Trump touts the fact that the United States added almost 300,000 manufacturing jobs last year as evidence he made good on his promise to restore the industrial sector. But that growth still left the country with fewer manufacturing jobs than in 2008.

The robust U.S. economy is likely the president’s greatest asset in his re-election bid, particularly in states he carried in 2016 such as Iowa, Wisconsin, Michigan and Pennsylvania. He won Buttigieg’s home state by 19 points over Clinton in 2016.

Sean Bagniewski, chairman of the Democratic Party in Polk County, Iowa, said Buttigieg would be well positioned to compete with Trump in the Midwest.

“People love the fact that he’s a mayor,” said Bagniewski, who has not endorsed a candidate in the nominating contest. “If you can talk about a positive future, and if you actually have experience that can do it, that’s a compelling vision in Iowa.”

Nan Whaley, the mayor of Dayton, Ohio, which faces many of the same challenges as South Bend, agreed.

“He’s one of us,” Whaley said. “That helps.”

(Reporting by James Oliphant; Editing by Colleen Jenkins and Peter Cooney)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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