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U.S. says global oil surplus aiding its plan to cut Iranian exports

FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf
FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo

March 13, 2019

By Florence Tan

HOUSTON (Reuters) – A global oil surplus is allowing the United States to accelerate its plan of bringing Iranian crude exports to zero, a U.S. State Department official said on Wednesday.

U.S. sanctions on Iran and Venezuela, two of the largest oil producers in the Organization of the Petroleum Exporting Countries (OPEC), and production cuts by OPEC and Russia have boosted global oil prices to near four-month highs and have made heavy crude more expensive for refiners.

Brian Hook, the State Department’s special representative on Iran, said in remarks at the CERAWeek energy conference that the sanctions have denied Iran roughly $10 billion in revenue since 2017, removing about 1.5 million barrels per day of Iranian oil from global markets.

President Donald Trump “has made it very clear that we need to have a campaign of maximum economic pressure” on Iran, Hook said, “but he also doesn’t want to shock oil markets, he wants to ensure a stable and well-supplied oil market. That policy has not changed.”

The global oil market is looking for signs that Washington may extend sanctions waivers for Iran’s key customers in early May. The United States surprised global oil markets in November last year by allowing eight countries to keep importing Iranian oil.

The U.S. Energy Information Administration (EIA) has projected that world supply will exceed demand in 2019 by 440,000 barrels per day, Hook said.

“When you have a better supplied oil market it enables us to accelerate our path to zero. But we also know that there are a lot of variables that go into a well-supplied and stable oil market,” said Hook, a senior policy adviser to U.S. Secretary of State Mike Pompeo.

Washington sanctioned Venezuelan oil exports in January and a massive power outage since last week halted crude exports from its primary port, essentially crippling the South American country’s principal industry.

“We are aware that our diplomatic and economic pressure, the timing and the pace of that affects Venezuela’s oil industry,” Hook said.

He said the United States is monitoring global supplies for impact from sanctions. “I’ve met a few times with (Saudi Energy Minister) Khalid al-Falih over the last year when we knew we were taking a lot of oil, we wanted to ensure that we’re doing this in a responsible way,” he said.

Falih said on Sunday that OPEC’s production-curbing agreement likely would last until at least June.

(Reporting by Florence Tan; Editing by Chizu Nomiyama and David Gregorio)

Source: OANN

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Cold case detectives charge Florida man with murder in wife’s 1979 disappearance in Wisconsin

A mother of two who disappeared 40 years ago was murdered by her husband, Wisconsin cold case detectives said this week.

Muskego Police charged John Bayerl, 78, of Fort Meyers, Fla., with first-degree murder in the death of 38-year-old Dona Mae Bayerl on May 6, 1979. Her body has not been found. Bayerl showed up in a Wisconsin courtroom Thursday in a wheelchair and was jailed.

The Bayerls were the parents of two girls, Jodie, 7, and Jackie, 4, at the time of the disappearance.

"The police would come I would just tell them basically what I was told from my dad I think, which was that I went to bed, he heard some noises like a door slam or something like that and when I woke up she wasn't there," daughter Jodie Jarvis said in 2017, WTMJ-TV reported Thursday. "Just imagine if you didn't know where your mother was. It's not a nice way to grow up."

NEW HAMPSHIRE COLD CASE UNIT SOLVES 5 DECADE OLD MURDER

Muskego police believed Dona Mae did not leave of her own free will, according to the City of Muskego website. Police found her blood in the garage.

“A circumstantial case was developed against a suspect, but no charges were issued, because of lack evidence,” according to the site, which lists Dona Mae’s disappearance as “Cold Case #1” and also reports she was officially declared dead in 1986.

According to police, a break in the case led to Bayerl’s arrest Feb. 15 in Florida, Patch Fox Point-Bayside reported Thursday.

SKULL DISCOVERED IN CALIFORNIA LINKED BY DNA TO COLD CASE KILLING OF MOTHER OF 2

The criminal complaint against Bayerl says Muskego Det. Steve Westphal went to Florida seven months ago to update Bayerl on the investigation.

After admitting cheating on his wife, Bayerl told the detective “he knows in his mind, he is not guilty of anything other than being a bad husband,” according to the complaint which WDJT-TV posted on its website Thursday.

Source: Fox News National

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Scarlett Johansson Taken to LA Police Station After Paparazzi Incident

Scarlett Johansson was brought to a Los Angeles police station on Monday after she was “overpowered by paparazzi” following an appearance on “Jimmy Kimmel Live,” Fox News reports.

The actress was jostled by paparazzi after leaving the El Capitan Theater on Hollywood Boulevard. She was not injured, but her security team decided to take her to the Hollywood Station after the paparazzi left the scene.

The Los Angeles Police Department told CBS Los Angeles that Johansson was “spooked” by the experience, but was otherwise “in good spirits” before being taken home. She did not file a police report.

Source: NewsMax America

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Time's 'phenom': Is AOC using the media — or the other way around?

Alexandria Ocasio-Cortez is officially a phenom.

Hey, the cover of Time magazine says so.

There's little question that AOC has shrewdly used the media and the media have just as shrewdly used her – either as a young female heroine, for much of the mainstream press, or as a socialist target, for much of the conservative media.

President Trump has privately noted that Ocasio-Cortez "has it," that indefinable star quality – though he disagrees with her on almost everything. And like the president, AOC enjoys picking fights with the press – especially those nettlesome fact-checkers – which in turn generates even more coverage.

She's already been on the cover of National Review, pilloried for her Green New Deal. And what member of Congress, after just three months in office, has gotten the coveted Time cover status?

ALEXANDRIA OCASIO-CORTEZ LANDS 'TIME' COVER: FROM 'DORKY KID' TO 'THE PHENOM'

Perhaps the magazine is just using her as clickbait, or newsstand bait, like everyone else.

Here's the nut graph of the Time piece, justifying the extraordinary focus on her:

"She's a young Hispanic woman, three cornerstones of the party's electoral coalition. She's a democratic socialist at a time when confidence in capitalism is declining, especially among progressive millennials. The issues she ran on — a Green New Deal, Medicare for All, a federal jobs guarantee, abolishing ICE — are animating a new generation of Democrats. She's a political phenomenon: part activist, part legislator, arguably the best storyteller in the party since Barack Obama and perhaps the only Democrat right now with the star power to challenge President Donald Trump's."

About the only thing keeping the pundits from swooning over her as a White House contender is that, at 29, she's not old enough to run.

But the overcoverage can be justified in this sense: Ocasio-Cortez has become the face of the Democratic Party, perhaps even more so than Nancy Pelosi. Her supporters love the idea of a dynamic, Instagram-savvy, aggressively liberal change agent pushing the party establishment to the left. Her detractors love the idea of a self-described democratic socialist with huge spending plans representing a party that relied on more moderate candidates to win the House.

At the same time, the all-AOC approach misses the mark in vastly overstating her influence. Freshmen have little real power in an institution based on seniority. Pelosi hasn't exactly embraced Ocasio-Cortez's proposals. So she has the ability to drive a media debate, but not to call an oversight hearing or put a bill on the floor.

Still, Time says "she's replaced Hillary Clinton as the preferred punching bag of Fox News pundits and Republican lawmakers, and the hits are taking their toll. Public opinion of Ocasio-Cortez has soured as she becomes better known; according to a Gallup poll conducted in February, 31 [percent] of Americans overall have a favorable impression of her, against 41 [percent] unfavorable — a 15-point swing since September. The same poll found that her popularity had increased with Democrats and nonwhites."

The Fox website yesterday played up a new ad that hits Ocasio-Cortez – from a Republican in a special House election in North Carolina.

AOC STARS IN GOP CONGRESSIONAL AD: 'BLESS HER HEART, SHE HAS SOME TERRIBLE IDEAS

The generally upbeat Time story acknowledges both the limits of her power and her controversial role in the party.

"Her Green New Deal proposal has driven policy debates on the left, but it has virtually no chance of becoming law anytime soon. Her allies plan to boost primary challengers to moderate and conservative Democrats, a push that Ocasio-Cortez has distanced herself from but one that has earned her the enmity of some colleagues. Many House Democrats resent her celebrity and worry it overshadows efforts to reach the moderate voters who propelled the party to the majority. Privately, some admit they're also a little afraid of her."

Now that is fascinating. In other words, they're not only worried about the image she projects, but some feel she's too big for her freshman britches.

The dilemma is that while Ocasio-Cortez answers only to her district in Queens and the Bronx, other parts of the country are not as receptive to a hard-left message, even if it draws kudos online. One Democratic candidate in Michigan is quoted as saying her message is more important than winning elections — but you can't change policy without winning office. (And he got clobbered in his race.)

Time dutifully notes that she is being partially blamed for Amazon withdrawing its second headquarters from Queens; that her office botched the Green New Deal rollout by posting an apocalyptic draft version; and that she's the subject of an FEC campaign finance complaint that she calls bogus.

CLICK HERE TO GET THE FOX NEWS APP

And given that she's made some factual errors — not unlike the man in the White House — the magazine reminds us of what she told Anderson Cooper:

"I think that there's a lot of people more concerned about being precisely, factually and semantically correct than about being morally right."

But your moral position is stronger when you traffic in actual facts.

Look, the fact that a woman who was recently a waitress and bartender is on Time's cover is quite an achievement. It's a bubble that may not last. But for now, AOC and the media are in a codependent relationship that benefits both sides.

Source: Fox News Politics

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Swedish cop arrests fugitive in the nude after recognizing him in sauna

A Swedish police officer has been praised for staying cool in a hot situation after capturing a long-time fugitive who he recognized in a hazy sauna while both were naked.

The officer happened to head to the sauna last Friday at the same time as the criminal, who had been wanted after he failed to show up for sentencing for attempted assault and drug offenses.

GERMANY REPORTS DROP IN CRIME, 96% OF HOMICIDE CASES CLEARED

Through the haze, the officer recognized the criminal and made the arrest.

“By a coincidence, and rather amusingly, they both recognized each other in the sauna,” Christoffer Bohman, deputy police chief in the Stockholm district of Rinkeby, told Swedish broadcaster SVT.

“It’s easier to take action when you have your colleagues with you, and all your tools and equipment. This was as stripped-down as it gets – in more ways than one,” he added.

BRITAIN CAN'T 'SIMPLY ARREST' WAY FROM YOUTH KNIFE VIOLENCE

The official said the officer kept “his head cool even when it was hot in a potentially dangerous situation.”

The Rinkeby police, in charge of policing in a Stockholm district, praised their colleague and titled the incident as “Naked Arrest”.

CLICK TO GET THE FOX NEWS APP

“We are everywhere. Even if you do not see us, we are there,” the police said on Facebook.

Source: Fox News World

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Investigators believe anti-stall system activated in Ethiopian crash: WSJ

FILE PHOTO: Airplane engine parts are seen at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu
FILE PHOTO: Airplane engine parts are seen at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019. REUTERS/Tiksa Negeri/File Photo

March 29, 2019

Source: OANN

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Survey Finds That Half Of America’s Pastors Are Afraid To Speak Out About Controversial Topics

Have you ever wondered why most church services in America seem to be filled with lots of fluff and very little substance? 

As America’s moral foundations literally collapse right in front of our eyes, a large percentage of our pastors are afraid to speak out about controversial topics because they might offend someone.  And it doesn’t take a genius to figure out why they are so afraid.  Most U.S. churches are shrinking, and more than 100 die every week.  In a day and age where pastors are judged by attendance numbers and budget levels, scaring people away is bad for business.

With all that in mind, the results from a recent Barna survey shouldn’t be surprising at all…

We wanted to know if pastors felt limited or pressured when it comes to speaking about controversial topics. Half of Christian pastors says they frequently (11%) or occasionally (39%) feel limited in their ability to speak out on moral and social issues because people will take offense. The other half of pastors say they only rarely (30%) or never (20%) feel limited in this way. When asked to identify the source of the concerns, pastors are much more likely to say that they feel limited by those inside the church than those outside. In other words, the reactions of those in the pews are most on the minds of today’s pastors.

And remember, these numbers just show the percentage of pastors that are willing to admit that they are afraid to speak out about controversial issues.

In reality, the percentage of U.S. pastors that actually hit the hard issues on a consistent basis is exceedingly low.

Not offending people is obviously a strategy that can work, because many of America’s largest churches today are pathetically shallow.  In fact, one of America’s most famous pastors absolutely refuses to ever use the word “sin” because it might offend someone.


Matt Bracken gives his take on the social media unpersoning epidemic sweeping across the internet.

But eventually people get tired of superficial religion that doesn’t have any substance, and nobody can deny that there has been a mass exodus from the Christian faith in this country.  In fact, the number of Americans with “no religion” has risen by 266 percent over the last three decades.

In particular, young people crave authenticity, and they can spot a fake a mile away.  They are leaving America’s churches faster than anyone else, and that is incredibly sad.

Some churches are attempting to reverse this trend, and many of them seem to think that being “hip” and “trendy” is the key to winning young people back.  For example, the following comes from a profile on C3 Church in New York City by Topic Magazine

Have you ever been to a church where the Jesus music is so loud that some congregants—young, hip urbanites all—wear earplugs? Where the Christian pop-rock stirs people into such rapture that they jump up and down, both feet leaving earth, both hands raised ecstatically skyward, as if in a mild-mannered mosh pit? Where half the pastors, band members, and congregants have nose piercings and the other half have forearm tattoos, and a teeny-tiny beanie is the accessory du jour?

There is certainly nothing wrong with having good music and a modern presentation, but it must also be accompanied by truth if it is going to do any good.

In the profile, the reporter for Topic Magazine asked “Pastor Josh” about his stand on one of the most controversial issues of our day, and he did his very best to dance around it

But Pastor Josh knows that some of his congregants are gay—or, in his words, “would say they’re gay”—and he’s happy to tell them where he feels “the truth lands on the issue.” He just doesn’t want “the conversation” to end the moment someone reads on C3’s website that gay marriage is an affront to God. “To me, that’s a shame,” he says. “I’m trying to show, ‘Hey, I’m not judging anyone. I’m not condemning anyone.’ We’ve all got our views and attractions and all those kinds of things.” He knows that young people, especially, inhabit a complicated, alienating world.

“I think every one of us is searching for love,” Pastor Josh says. “Even though we might disagree on where the best place to look for love is.”

I have read that quote several times, and I still don’t understand what he is trying to say.

Whether people agree with it or not, Pastor Josh owes it to all of us to tell us directly what he really believes.

Of course there are thousands upon thousands of other ministers just like “Pastor Josh” in America today.

The church business has become all about making people feel good, and in this type of spiritual environment even Kanye West can start a church

Imagine stumbling into a church you’ve never seen on Sunday morning. As you approach you hear rapper DMX praying, “I have special privileges. I am God’s favored child.” In front of you sit Katy Perry and Orlando Bloom, who were both raised Christian but now consider themselves “spiritual.”

The prayer ends, and a gospel choir in matching Yeezy merchandise belts out rapper Kid Cudi’s “Reborn.” Presiding over it all is Pastor Kanye West.

It isn’t a dream. Kanye reportedly started his own church on the first Sunday of the year, and since then, he’s attracted celebrities to his entertaining, religion-laced gatherings.

Of course not all is lost.  There are some pastors out there that are doing a fantastic job, and all over the world God is raising up a Remnant.  But overall, the institutional church in America is failing to influence the culture because pastors are deathly afraid of scaring their customers away.

All that it takes for evil to triumph is for good men to do nothing.

And right now a whole lot of good men are doing precisely that.

Source: InfoWars

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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

April 26, 2019

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

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

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

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

Source: OANN

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