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TPG Rise founder leaves firm in wake of U.S. college admissions scandal

A plaque is pictured at University of Southern California in Los Angeles
A plaque is pictured at University of Southern California in Los Angeles, California, U.S., March 13, 2019. REUTERS/Mario Anzuoni

March 14, 2019

By Joshua Franklin

NEW YORK (Reuters) – TPG Capital said on Thursday it had fired senior executive Bill McGlashan after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite.

“We believe the behavior described to be inexcusable and antithetical to the values of our entire organization,” TPG said in a statement.

In a separate statement via a spokesman, McGlashan said he was resigning from the TPG Rise Fund and TPG Growth. McGlashan was managing co-founder and chief executive of TPG’s impact investing Rise Fund.

“I will be focused on addressing the allegations that have been presented, and there are aspects of the story that have yet to emerge that I wish I could share,” he said.

McGlashan, who was placed on indefinite administrative leave on Wednesday, was among those named in an investigation by U.S. authorities into a scheme that helped wealthy Americans cheat their children’s way into elite universities.

TPG Capital has offered investors in its Rise Fund II the chance to withdraw, a person familiar with the matter said on Thursday.

TPG raised $2 billion for the first Rise fund in 2017, which was backed by pop star Bono and aims to generate profits while benefiting society and the environment.

TPG is aiming to raise up to $3.5 billion for its second Rise Fund, according to documents from the State Investment Council of New Jersey, which has committed up to $125 million in the fund.

The Rise Fund is a small part of the $103 billion in assets that TPG has under management, but a high-profile area of investment among a growing trend for more impact investing.

Impact investing aims to generate some benefit to society while also delivering financial returns.

TPG made the offer to investors who participated in the first close of the fund. A spokesman for TPG’s Rise Fund declined to comment. The news was reported earlier by Bloomberg.

TPG has said Jim Coulter will take over managing partner responsibilities for TPG Growth and Rise.

(Reporting by Joshua Franklin in New York, editing by Rosalba O’Brien and Lisa Shumaker)

Source: OANN

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Cathay buys HK Express, will operate it as low-cost carrier

Cathay Pacific Airways is acquiring Hong Kong-based budget airline HK Express.

Cathay said Wednesday it will pay 4.93 billion Hong Kong dollars ($628 million) for HK Express. It said the acquisition will retain its identity as a separate brand and be operated as a low-cost carrier.

Cathay, Hong Kong's biggest airline, also owns regional carrier Dragonair and air cargo and catering subsidiaries.

HK Express, founded in 2013, serves destinations throughout East and Southeast Asia.

Source: Fox News World

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Missing hiker’s body found at Zion National Park, reports say

Zion National Park Rangers on Thursday morning discovered the body of a 35-year-old hiker who had gone missing earlier this week, reports said.

Pradeep Beryl Solomon, of northern Utah, was reported missing Wednesday after he failed to return from a planned hike at Angels Landing a day earlier, FOX13 Salt Lake City reported.

HIKER WHO GOT STUCK IN QUICKSAND AT ZION NATIONAL PARK FOR 10 HOURS SAYS HE THOUGHT HE WAS GOING TO LOSE LEG

Investigators on Thursday evening confirmed the body was Solomon's, the station reported, citing a news release from the park. His injuries were consistent with a long fall.

While the park hadn’t received any recent reports of a man falling, rainfall earlier in the week likely made the trail slick, the Salt Lake Tribune reported, citing the release. The trail can ascend some 1,500 feet above the southern Utah park's red-rock cliffs.

Last year, a 13-year-old girl fell to her death while hiking with her family on the Angels Landing trail. There have been eight fatalities from falling on Angels Landing since the park opened in 1919, according to Zion’s website.

CLICK HERE FOR THE FOX NEWS APP 

“Our deepest condolences go out to the Solomon family and friends,” park superintendent Jeff Bradybaugh said in a statement. “We are all deeply saddened by this outcome.”

Source: Fox News National

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Australian Cardinal Pell convicted of molesting 2 choirboys

The most senior Catholic cleric ever charged with child sex abuse has been convicted of molesting two choirboys moments after celebrating Mass, dealing a new blow to the Catholic hierarchy's credibility after a year of global revelations of abuse and cover-up.

Cardinal George Pell, Pope Francis' top financial adviser and the Vatican's economy minister, bowed his head but then regained his composure as the 12-member jury delivered unanimous verdicts in the Victoria state County Court on Dec. 11 after more than two days of deliberation.

The court had until Tuesday forbidden publication of any details about the trial.

Pell faces a potential maximum 50-year prison term after a sentencing hearing that begins on Wednesday. He lodged an appeal last week against the convictions.

Details of the trial had been suppressed because until Tuesday, Pell had faced a second trial in April on charges that he indecently assaulted two boys aged 9 or 10 and 11 or 12 as a young priest in the late 1970s in a public pool in his hometown of Ballarat.

Prosecutor Fran Dalziel told the court on Tuesday that the Ballarat charges had been dropped and asked for the suppression order to be lifted.

"This is not a special case," Dalziel said.

The victim who testified at Pell's trial said after the conviction was revealed that he has experienced "shame, loneliness, depression and struggle." In his statement, the man said it had taken him years to understand the impact the assault had on his life.

Lawyer Lisa Flynn said the father of the second victim, who died of a heroin overdose in 2014 at the age of 31, is planning to sue the church or Pell individually once the appeal is resolved.

Pell's lawyer Robert Richter initially wanted details of the trial suppressed until his appeal was heard, but later withdraw the application.

Pell was surrounded by a crush of cameras and members of the public as he was ushered from the courthouse to a waiting car. "You're a monster!" one man shouted. "You're going to burn in hell, you freak!"

"Are you sorry?" one woman shouted. Pell did not respond.

Another of Pell's lawyers, Paul Galbally, said Pell continued to maintain his innocence.

"Although the cardinal originally faced allegations from a number of complainants, all of those complaints and allegations save for the matters that are subject to the appeal have all been either withdrawn or discontinued," Galbally told reporters outside.

Pell has initially been charged with more than 20 charges of sexual abuse against various complainants.

The revelations came in the same month that the Vatican announced Francis approved the expulsion from the priesthood for a former high-ranking American cardinal, Theodore McCarrick, for sexual abuse of minors and adults.

The convictions were also confirmed days after Francis concluded his extraordinary summit of Catholic leaders summoned to Rome for a tutorial on preventing clergy sexual abuse and protecting children from predator priests.

The lifting of the suppression order was welcomed by SNAP, a U.S. support group for victim of clergy abuse.

"We hope that his conviction will not only bring healing to his victims in Australia but hope to survivors across the world who are yearning for accountability at the top levels of the church," SNAP said in a statement. "We believe (the) conviction will make Australian children safer and parents and parishioners better informed about how to prevent sexual abuse."

The jury convicted Pell of abusing two boys whom he had caught swigging sacramental wine in a rear room of Melbourne's St. Patrick's Cathedral in late 1996, as hundreds of worshippers were streaming out of Sunday services.

Pell, now 77 but 55 at the time, had just been named the most senior Catholic in Australia's second-largest city, Melbourne.

The boys were both 13 years old. The jury also found Pell guilty of indecently assaulting one of the boys in a corridor more than a month later.

Pell had maintained his innocence throughout, describing the accusations as "vile and disgusting conduct" that went against everything he believed in.

Richter, his lawyer, had told the jury that only a "mad man" would take the risk of abusing boys in such a public place. He said it was "laughable" that Pell would have been able to expose his penis and force the victim to take it in his mouth, given the cumbersome robes he was wearing.

Both he and Chief Judge Peter Kidd urged the jury of eight men and four women not to punish Pell for all the failings of the Catholic Church, which in Australia have been staggering.

"You must not scapegoat Cardinal Pell," Kidd told the jury.

Along with Ireland and the U.S., Australia has been devastated by the impact of the clerical abuse scandal, with a Royal Commission inquiry finding that 4,444 people reported they had been abused at more than 1,000 Catholic institutions across Australia between 1980 and 2015.

Pell's own hometown of Ballarat had such a high incidence of abuse — and, survivors say, a correlated higher-than-average incidence of suicide — that the city warranted its own case study in the Royal Commission report.

As a result, Pell's trial amounted to something of a reckoning for survivors, with the brash and towering cardinal becoming the poster child for all that went wrong with the way the Catholic Church handled the scandal.

The conviction capped a year that had been so dominated by revelations of high-ranking sex abuse and cover-up that analysts openly speak of a crisis unparalleled since the Reformation. In addition to Pell, the allegations against McCarrick of groping a minor in the 1970s and of sleeping with adult seminarians became public.

As a result of the scandal, Francis' approval ratings have tanked in the United States, and his standing with conservative Catholics around the world — already on shaky ground over his outreach to divorcees — has plunged.

Up until the verdict, Pell's lawyers had appeared confident that they had established a reasonable doubt and had expected quick verdicts of not guilty.

When the jury chairman delivered the first guilty verdict, Pell's hands slipped from the arm rests of the chair where he sat in the dock at the back of the courtroom. His head bowed after the second verdict, but he restored his composure for the final verdicts.

Pell, who walked to and from court throughout his monthlong trial with a crutch under his right arm, was released on bail to undergo surgical knee replacements in Sydney on Dec. 14. Prosecutor Mark Gibson did not oppose bail, saying the surgery would be more easily managed outside the prison system.

The first four offenses occurred at the first or second Solemn Mass that Archbishop Pell celebrated as leader of the magnificent blue-stone century-old cathedral in the center of Melbourne. Pell was wearing his full robes — though not his staff or pointed bishops' hat — at the time.

The now 34-year-old survivor told the court that Pell orally raped him, then crouched and fondled the complainant's genitals while masturbating.

"I was young and I didn't really know what had happened to me. I didn't really know what it was, if it was normal," the complainant told the court.

The other victim died of a heroin overdose in 2014 without ever complaining of the abuse, and even denying to his suspicious mother that he had been molested while he was part of the choir.

Neither boy can now be identified, because it is illegal to name victims of sexual assault in Victoria state.

Pell was initially charged with orally raping the second boy. But that charge was downgraded to indecent assault when the victim who testified said that he couldn't see the other's boy mouth at that moment from his vantage point.

More than a month later, the complainant testified that Pell pushed him against a cathedral corridor wall after a Mass and squeezed the boy's genitals painfully before walking away in silence.

"Pell was in robes and I was in robes. He squeezed and kept walking," the complainant told the jurors. "I didn't tell anyone at the time because I didn't want to jeopardize anything. I didn't want to rock the boat with my family, my schooling, my life."

The complainant testified that he feared that making such accusations against a powerful church man would cost him his place in the choir and with it his scholarship to prestigious St. Kevin's College.

Pell pleaded not guilty to one count of sexual penetration of a child under 16 and four counts of willfully committing an indecent act with or in the presence of a child under 16 in late 1996 and early 1997.

He did not testify at his trial. But the jury saw a video recording of an interview he gave Australian detectives in Rome in 2016 in which he stridently denied the allegations.

Pell grimaced, appearing incredulous and distressed, waved his arms over his head and muttered to himself as the detectives detailed the accusations that his victim had leveled against him a year earlier.

"The allegations involve vile and disgusting conduct contrary to everything I hold dear and contrary to the explicit teachings of the church which I have spent my life representing," Pell told police.

Richter told the jury that the prosecution case compounded a series of improbabilities and impossibilities.

He told the jury that Pell could not have "parted" his robes as the complainant had described.

The jury was handed the actual cumbersome robes Pell wore as archbishop. Over his regular clothes, Pell would wear a full-length white robe called an alb that was tied around his waist with a rope-like cincture. Over that, he would drape a 3-meter (10-foot) band of cloth called a stole around his neck. The outermost garment was the long poncho-like chasuble.

More than 20 witnesses, including clerics, choristers and altar servers, testified during the trial. None recalled ever seeing the complainant and the other victim break from a procession of choristers, altar servers and clerics to go to the back room.

The complainant testified that he and his friend had run from the procession and back into the cathedral through a side door to, as Gibson, the prosecutor, said, "have some fun."

Monsignor Charles Portelli, who was the cathedral's master of ceremonies in the 1990s, testified that he was always with Pell after Mass to help him disrobe in the sacristy.

The defense argued that Pell's usual practice was to linger at the cathedral front steps talking to members of the congregation after Mass. But Gibson said there was evidence that Pell didn't always chat outside and had the opportunity to commit the crimes.

The lifting of the gag order comes after Francis charted a new course for the Catholic Church to confront clergy sexual abuse and cover-up, a scandal that has consumed his papacy and threatens the credibility of the Catholic hierarchy at large.

Opening a first-ever Vatican summit on preventing abuse, Francis warned 190 bishops and religious superiors last week that their flocks were demanding concrete action, not just words, to punish predator priests and keep children safe. He offered them 21 proposals to consider going forward, some of them obvious and easy to adopt, others requiring new laws.

But Francis went into the meeting even more weakened and discredited after one of his top advisers was convicted of the very crime he has now decided is worth fighting on a universal scale.

Pell's downfall will invariably tarnish the pope, since Francis appointed Pell economy minister in 2014 even though some of the allegations against him were known at the time.

In October, Francis finally cut Pell loose, removing him as a member of his informal cabinet. Pell technically remains prefect of the Vatican's economy ministry, but his five-year term expires this year and is not expected to be renewed.

___

Associated Press writer Nicole Winfield in Rome contributed to this report.

Source: Fox News World

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Hundreds of Moroccan teachers protest for job security

Young teachers take part in a protest demanding their integration in the civil service as employees of the education ministry in Rabat
Young teachers take part in a protest demanding their integration in the civil service as employees of the education ministry, to improve their job security prospects in Rabat, Morocco April 10, 2019. REUTERS/Youssef Boudlal

April 10, 2019

RABAT (Reuters) – Hundreds of young Moroccan teachers staged a protest in front of the education ministry in Rabat on Wednesday for the sixth consecutive week of their strike demanding job security and full civil service benefits.

The teachers want to become employees of the education ministry in order to fully enjoy the benefits of the civil service including better pensions and the right to move to work in other regions.

Last month, police used water cannons to prevent about 10,000 teachers from spending the night in protest in front of the parliament.

Education Minister Said Amzazi threatened to sack teachers if they do not return to the classrooms, saying the strike has affected 7 percent of Morocco’s 7 million students.

Morocco, which has avoided the turmoil seen by other countries during and after the Arab Spring of 2011, regularly sees protests though they rarely involve confrontations with police.

Some 55,000 teachers out of 240,000 in total have been hired on renewable contracts by regional education delegations since 2016 to address overcrowding in rural classrooms.

Morocco increased the education budget by 5.4 billion dirhams ($561 million) in 2019 to 68 billion dirhams ($7 billion) as it seeks to boost access and improve infrastructure notably in hard to reach areas.

(Reporting by Ahmed Eljechtimi; Editing by Ulf Laessing and Phil Berlowitz)

Source: OANN

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Honduran police arrest journalist convicted of defamation

Honduran police have broken down the door of a radio station and arrested a journalist known as a strong critic of President Juan Orlando Hernandez who had holed up inside, carrying out an arrest order against the reporter for a defamation conviction.

David Romero, director of Radio Globo, was given a 10-year prison sentence in 2016 after he was convicted on several counts of defamation for his reporting on the wife of an ex-attorney general. Honduras' Supreme Court rejected Romero's bid for a new trial earlier this year.

The journalist took refuge in the station's offices Monday when a court made public its decision to arrest him.

Local media showed footage of police violently breaking into Radio Globo on Thursday, knocking down doors and searching offices until they found Romero.

Source: Fox News World

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More shale, who cares? Saudi Arabia pushes for at least $70 oil

FILE PHOTO: Trump welcomes Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office at the White House in Washington
FILE PHOTO: U.S. President Donald Trump welcomes Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office at the White House in Washington, U.S. March 20, 2018. REUTERS/Jonathan Ernst

March 22, 2019

By Rania El Gamal, Alex Lawler and Dmitry Zhdannikov

DUBAI/LONDON (Reuters) – Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded.

Riyadh, OPEC’s de facto leader, said it was steeply cutting exports to its main customers in March and April despite refiners asking for more of its oil. The move defies U.S. President Donald Trump’s demands for OPEC to help reduce prices while he toughens sanctions on oil producers Iran and Venezuela.

The export cuts are designed to prop up prices, sources close to Saudi oil policy say. Saudi officials say the kingdom’s output policies are merely intended to balance the world market and reduce high inventories.

“The Saudis want oil at $70 at least and are not worried about too much shale oil,” said one industry source familiar with Saudi oil policy.

Another source said Saudi Arabia wanted to “put a floor under oil prices” at $70 or slightly lower, and added: “No one at OPEC can talk about output increases now.”

Officially, Saudi Arabia, which plans to raise government spending to boost economic growth, does not have a price target. It says price levels are determined by the market and that it is merely targeting a balance of global supply and demand.

Even a price of around $70 a barrel would not balance Saudi Arabia’s books this year, according to figures cited by Jihad Azour, director of the International Monetary Fund’s Middle East and Central Asia department in February. For that, he said, Riyadh needs oil prices at $80-$85 a barrel.

Saudi Arabia, the world’s largest oil exporter, also wants to make sure it avoids a repeat of the 2014-2016 oil price crash below $30 per barrel, sources familiar with Saudi policy said.

LOSS OF MARKET SHARE

Saudi Arabia plans to reduce March and April oil production to under 10 million barrels per day — below its official OPEC output target of 10.3 million bpd.

A Saudi official told Reuters this month that despite strong demand from customers, state oil giant Saudi Aramco had cut its allocations for April by 635,000 bpd below nominations — requests made by refiners and clients for crude.

Saudi Energy Minister Khalid al-Falih said such swings were not unusual because last year the kingdom had raised output and exports above targets to avoid imminent shortages.

Saudi Arabia has also been advocating an extension of OPEC-led supply cuts beyond June until the end of 2019.

Russia, which is not an OPEC member but is cutting output in tandem with OPEC, can balance its budget at oil prices of $55 per barrel and has not made clear yet whether it is prepared to extend them when OPEC next meets in June.

“With budget needs at above $85 per barrel, the Saudis desperately need prices at above $70 per barrel,” said Gary Ross, CEO of Black Gold Investors and a veteran OPEC watcher.

“They also need to convince Russia that the strategy of output cuts makes sense despite the loss of market share to the United States,” he said.

The United States and Russia produce 12 million and 11 million bpd respectively. Unlike Russia, the United States pumps at will via its commercial energy sector, led by shale. The International Energy Agency forecasts its output will soar by another 4 million bpd in the next five years.

Those increases would be likely to outpace the growth of global demand and give Washington an even bigger share of the global market, making it a bigger exporter than Saudi Arabia.

PRESSURE FROM TRUMP

Riyadh has long been a close ally of the United States and the two countries have coordinated oil policy more closely since Trump became president than under his predecessor, Barack Obama.

Trump has supported Saudi Crown Prince Mohammed bin Salman despite a global outcry over the killing of journalist Jamal Khashoggi, a critic of the Saudi government, and has made clear he expects OPEC to help lower global oil prices.

Last year, Saudi Arabia raised output steeply under pressure from Washington. But it later heard that the United States had granted Iranian oil customers unexpectedly generous waivers and the price of oil subsequently fell to $50 per barrel.

On Monday, OPEC and its allies, led by Russia, scrapped a planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of new U.S. sanctions on Iran due in May over its non-compliance with a deal to curb its nuclear program.

“We have to wait and see what the Americans will do first,” a second OPEC source said.

There is, however, no guarantee Saudi policy will remain unchanged if Washington puts pressure on Riyadh to raise supply.

“They (the Saudis) do care about Trump, but they can’t do whatever he says every time,” an OPEC source said.

(Editing by Timothy Heritage)

Source: OANN

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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Democratic presidential candidate Elizabeth Warren suggested that doctors and nurses don’t treat African American women the same way they do white women.

Warren appeared on Wednesday together with a number of other 2020 Democratic candidates at the She The People Forum in Houston, discussing issues concerning women of color.

WARREN’S $1.25T EDUCATION PLAN ‘SWEEPING’ GIVEAWAY TO THE WEALTHY AT EXPENSE OF THE POOR, WAPO EDITORIAL BOARD SAYS

The Massachusetts senator announced on stage a plan to decrease the childbirth mortality rate among black women while identifying a systematic problem with how they are treated.

“And there is a specific problem, as you rightly identified, for women of color who are three, four times more likely to die in childbirth,” Warren said.

“And here’s the thing, even after we do the adjustments for income, for education, this is true across the board. This is true for well-educated African American women, for wealthy African American women, and the best studies that I’m seeing put it down to just one thing, prejudice,” she added.

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

— Elizabeth Warren

CHARLIE KIRK: WARREN AND OTHER DEMS OFFER FREE MONEY – BUT DON’T TELL YOU PRICE WILL BE YOUR FREEDOM

Warren went on to get into details of her plan, noting that hospitals will be given bonuses if they manage to reduce the childbirth mortality rate among black women in an effort to give financial incentives for those doctors and nurses to provide better care.

“And if they don’t, then they’re going to have money taken away from them,” Warren added.

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“I want to see the hospitals see it as their responsibility to address this problem head-on and make it a first priority. The best way to do that is to use the money to make it happen because we gotta have change, and we gotta have change now.”

Source: Fox News Politics

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