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Scientists lower alert level for Hawaii's Kilauea volcano

Scientists have downgraded the alert level for Hawaii's Kilauea volcano in response to reduced activity, saying the next eruption is likely a few years away.

The U.S. Geological Survey's Hawaiian Volcano Observatory announced Tuesday that the alert level for the Big Island volcano has been lowered from "advisory" to "normal," the Hawaii Tribune-Herald reported .

The volcano has returned to a non-eruptive, state following the eruption in the lower East Rift Zone that began last May, according to the observatory. Lava flows from the eruption destroyed more than 700 homes and covered nearly 14 square miles (36 square kilometers).

"Monitoring data over the past eight months have shown relatively low rates of seismicity, deformation, and gas emission at the summit and East Rift Zone including the area of the 2018 eruption," the observatory said in a notice.

The volcano's surface has not had active lava for those eight months, marking the longest period without an eruption in nearly four decades, the observatory said. The volcano went 17 months without an eruption starting in November 1979.

Seismic activity remains low, but the number of earthquakes occurring weekly is above levels before the 2018 eruption. The Observatory said most are aftershocks of the magnitude 6.9 quake that hit on May 4, 2018.

Based on past observations, the next eruption will likely be in the caldera, the observatory said. The next eruption in the rift zone could be in a decade or longer.

___

Information from: Hawaii Tribune-Herald, http://www.hawaiitribune-herald.com/

Source: Fox News National

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That didn’t Take Long … AG Sessions has actually resigned, and Rosenstein got rid of from supervising the unique counsel. Democrats have actually prepared Protests tomorrow.

That didn’t Take Long… AG Sessions has resigned, and Rosenstein removed from overseeing the special counsel.   Democrats have planned Protests tomorrow. So tRusty Resist bot just told me they are protesting…. If you are a Republican who wants to keep tabs on these types of things…. use their own tools… if you are on […]

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Golf: McIlroy to open Masters bid alongside Fowler

FILE PHOTO: Rory McIlroy of Northern Ireland chips on the 13th hole during practice for the 2019 Masters golf tournament at the Augusta National Golf Club in Augusta, Georgia, U.S.
FILE PHOTO: Rory McIlroy of Northern Ireland chips on the 13th hole during practice for the 2019 Masters golf tournament at the Augusta National Golf Club in Augusta, Georgia, U.S., April 8, 2019. REUTERS/Brian Snyder

April 9, 2019

By Frank Pingue

AUGUSTA Ga. (Reuters) – Rory McIlroy will begin his latest quest to complete the career grand slam of golf’s four majors when he tees off alongside American Rickie Fowler and Australia’s Cameron Smith at the Masters starting on Thursday at Augusta National.

It will be McIlroy’s fifth attempt at the Masters to complete his collection of major titles and is perhaps his best chance yet as the Northern Irishman enters the week as the hottest player on the planet.

McIlroy’s grouping, which will be the 15th of 29 to take the course, will start their round at 11:15 a.m. ET (1515 GMT) and follow the threesome of four-times champion Tiger Woods, China’s Li Haotong and Spaniard Jon Rahm around the course.

Looking to join Gene Sarazen, Ben Hogan, Gary Player, Jack Nicklaus and Woods as winners of the career grand slam, McIlroy enters the year’s first major in top form.

With a top-six finish in each of the six stroke play events he has played this year, including a triumph at The Players Championship three weeks ago, McIlroy is a popular pick to make amends for his final-round letdown last year.

McIlroy, whose grouping will be the last out on Friday at 2 p.m. ET behind the Woods threesome, started three shots back of eventual champion Patrick Reed entering the final round in 2018 but closed with two-over 74 to finish in a share of fifth place.

Three-times champion Phil Mickelson will play the opening two rounds alongside 2013 U.S. Open champion Justin Rose and 2017 PGA Championship winner Justin Thomas in the penultimate grouping on Thursday.

The final trio on Thursday will bring together Jordan Spieth, Paul Casey and Brooks Koepka.

World number two Dustin Johnson will play the opening two rounds with Bryson DeChambeau and Australian Jason Day while reigning champion Patrick Reed will play alongside fellow American Webb Simpson and Norwegian amateur Viktor Hovland.

(Reporting by Frank Pingue)

Source: OANN

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The Mueller interview that wasn’t: how Trump’s legal strategy paid off

FILE PHOTO - U.S. President Trump departs a closed Senate Republican policy lunch on Capitol Hill in Washington
FILE PHOTO - U.S. President Donald Trump talks to reporters down the hall as the president departs a closed Senate Republican policy lunch on Capitol Hill in Washington, U.S., March 26, 2019. REUTERS/Leah Millis

March 27, 2019

By Karen Freifeld

WASHINGTON (Reuters) – When Attorney General William Barr sent lawmakers a summary of the key findings in Special Counsel Robert Mueller’s Russia investigation, members of President Donald Trump’s legal team were gathered in an office near the U.S. Capitol.

They soon had reason to celebrate on Sunday, perhaps helped by a pivotal strategic decision. Mueller had spent 22 months investigating whether Trump or his aides conspired with Russia during the 2016 election, interviewing 500 witnesses. The Republican president’s lawyers made sure he was not among them.

The strategy paid off, insulating Trump from the legal jeopardy presented by a sit-down interview with the special counsel’s team – an interview that Trump had said publicly he wanted to do. There was even a tentative date for the interview – Jan. 27, 2018 – though one of Trump’s lawyers told Reuters he never intended to make the president available to Mueller. And Mueller never issued a subpoena demanding testimony.

On Sunday, Trump’s lead attorneys – Jay Sekulow, Rudy Giuliani and husband-and-wife team Jane and Martin Raskin – were huddled at a conference table with their computers open, awaiting Barr’s summary. When it finally popped up online, they were jubilant.

Mueller had found no evidence of conspiracy with Russia, Barr said. The attorney general also concluded there was insufficient evidence that Trump had committed obstruction of justice by trying to impede the inquiry – an issue the special counsel had left unresolved.

The findings provided Trump a big political victory after an investigation that had cast a long shadow over his presidency.

Giuliani threw his arm around Sekulow, Sekulow told Reuters on Tuesday. Sekulow said he told the others, “This is absolutely fantastic.” Giuliani told Reuters minutes after Barr issued the findings: “It’s better than I expected.”

Trump’s legal team successfully rebuffed Mueller’s repeated efforts to get a sit-down interview with Trump and avoided the president being subpoenaed to testify before a grand jury. They agreed instead to have Trump provide written responses, which he did in November.

The stakes were high. Some of the lawyers had worried that if Trump had submitted to the interview, it could expose him to claims that he lied to the FBI, or made “false statements,” in legal terms. Giuliani publicly called an interview a “perjury trap,” especially if Mueller went beyond asking Trump about collusion and strayed into other matters.

Trump is frequently called out for misstating facts or simply making things up.

For the past year, Trump’s lawyers pursued a two-pronged approach that relied on public attacks by Giuliani on Mueller’s “witch hunt” on cable TV news alongside backroom negotiations with Mueller’s team led by the Raskins, according to two sources familiar with the strategy who spoke on condition of anonymity.

A spokesman for Mueller declined to comment for this story.

‘WE WEREN’T GOING THERE’

When Mueller began his work in May 2017, Trump’s legal team initially decided that cooperation was the quickest way to end the probe, according to Ty Cobb, the White House lawyer who handled the inquiry for the presidency at the time. More than 20 White House staff members were made available for special counsel interviews, and the administration handed over more than 20,000 documents.

A burning question was whether Trump himself would agree to be interviewed. Despite the tentative date being set, Trump’s legal advisers were split. Attorney John Dowd, who at the time represented Trump personally in the inquiry, worried that an interview would be too risky.

“We’re not going to go in there and make a mistake,” said Dowd, a pugnacious ex-Marine, recalling how he pushed back against Trump being interviewed even though the president had expressed willingness.

Dowd said he talked to Mueller’s team “about what they had done to Flynn and Papadopoulos.” Trump’s former national security adviser, Michael Flynn, and a former Trump campaign aide, George Papadopoulos, both ended up pleading guilty to lying to the FBI after submitting to special counsel interviews.

“We weren’t going there,” Dowd said in an interview.

Dowd said Mueller told him he wanted to discuss 16 areas in the interview, a scope viewed as too expansive. In agreeing to the tentative interview date, Trump’s lawyers had been seeking to draw out Mueller to find out what he already knew, Dowd said.

“We wanted to know what was really on their mind. They played it close to the vest. Our purpose was: the more meetings we had, the more we learned. That was the purpose of keeping the talking going,” Dowd said, adding that he never intended to make Trump available for an interview.

PROTECTING THE PRESIDENT

After the interview was canceled, it was apparent, according to Cobb, that the process would drag on.

“Once there was a decision by the president’s lawyers in January 2018 not to proceed with an interview at that time – but to keep the possibility open – it was clear this would take some time,” Cobb said.

The lawyers also faced the daily prospect of a subpoena from Mueller to force Trump to testify. If it came, their plan was to ask a judge to quash the subpoena, expecting the legal fight to reach the Supreme Court. It never came.

“We were prepared from the outset in the event of a subpoena to challenge it,” Sekulow said. “We felt confident the law was clearly on our side.”

Although not all experts agree, the legal team’s view was that a president cannot be compelled to testify unless the information could not be obtained from other sources and the circumstances were extraordinary.

By the spring of 2018, it appeared Trump had two options: either sit for an interview or be subpoenaed.

By that point, Trump’s team had been reshuffled. Dowd resigned in March. The Raskins and Giuliani came on board in April. Cobb was replaced in the White House by Emmet Flood in May. Sekulow was the only key member remaining throughout.

The new legal team pressed Mueller to show them that the investigation had reached a stage that would justify sitting down with the president, a source familiar with the negotiations said.

“Are you in a position where you have evidence of a crime?” the source said the team asked Mueller.

The team stuck to that position through the autumn of 2018 while negotiating the deal in which Trump would answer written questions only on a limited subject – potential collusion with Russia before the 2016 election – not open-ended queries that potentially could have spilled into his businesses, finances or other matters.

CRITICAL MOMENT

Mueller’s agreement to submit a list of questions was a critical moment. The special counsel never stopped asking for the interview, the source said, but when Mueller acquiesced to answers in writing, it was a game-changer.

“It went from being constantly, ‘Are they going to decide to issue a subpoena?’ to, ‘We’re doing some written questions,'” the source said.

Trump’s lawyers would not entertain questions on the issue of whether Trump had tried to obstruct justice when he fired former FBI director James Comey, then overseeing the Russia probe, and frequently assailed Attorney General Jeff Sessions publicly for not ending the inquiry.

The legal team did not think a president could be found guilty of obstruction of justice for firing someone whom he had appointed in the first place to work for the administration.

“That was off the table,” and negotiations with Mueller continued on answering questions on Russia’s interference in the election, the source familiar with the matter said.

“At the end of the day, the strategy worked. No interview. No grand jury subpoena,” the source added.

Trump signed his answers to Mueller on Nov. 20 before leaving Washington to celebrate the U.S. Thanksgiving holiday at his Mar-a-Lago resort in Florida.

“We answered every question they asked that was legitimately pre-election and focused on Russia,” Giuliani told Reuters at the time. “Nothing post-election.”

Mueller’s team had pressed during the negotiations for an opportunity to pose follow-up questions to Trump, possibly in person, Giuliani said. But ultimately the special counsel agreed to accept just the written answers with no conditions and no follow-ups, Giuliani added.

By the end of last year, Trump’s lawyers had little interaction with Mueller’s team.

Asked about the team’s strategy, Sekulow said, “I guess it worked. The plane landed successfully.”

(Reporting by Karen Freifeld; Editing by Ross Colvin and Will Dunham)

Source: OANN

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Pennsylvania jury clears white cop in fatal shooting of black teen; defense attorney's office struck by bullets

A former Pittsburgh-area white police officer on trial for fatally shooting a black teenager fleeing from a traffic stop was acquitted Friday of murder and manslaughter charges.

An Alleghany County Court jury found former East Pittsburgh officer Michael Rosfeld was justified when he killed 17-year-old Antwon Rose last June following less than four hours of deliberation in a four-day trial.

Hours after the verdict, two shots were fired into the office of Rosfeld's attorney Pat Thomassey in Monroeville, Penn., WTAE-TV reported. Police showed up Saturday morning to investigate the incident which occurred around 12:30 a.m., according to Thomassey.

Earlier, Rose's mother, Michelle Kenney, told the Pittsburgh Post-Gazette: "I hope that man [Rosfeld] never sleeps at night. I hope he gets as much sleep as I do, which is none."

EX-COP SAYS HE THOUGHT HE SAW A GUN WHEN HE SHOT BLACK TEEN

Kenney said she was upset but unsurprised by the verdict, given other cases in which police officers have either avoided charges or won acquittals in similar shootings.

"It isn't what I hoped for, but it's what I expected," she said, adding she feels her son ended up dead because he was black.

Supporters of Antwon Rose II, stand on the steps of Allegheny County Courthouse after hearing the verdict of not guilty on all charges for Michael Rosfeld, a former police officer in East Pittsburgh, Pa., Friday, March 22, 2019. 

Supporters of Antwon Rose II, stand on the steps of Allegheny County Courthouse after hearing the verdict of not guilty on all charges for Michael Rosfeld, a former police officer in East Pittsburgh, Pa., Friday, March 22, 2019.  (AP)

The high-profile killings of black men and teens by white police officers across the U.S. in recent years has become a flashpoint in fueling racial tensions.

The verdict sparked small demonstrations in downtown Pittsburgh where the case was tried. Pittsburgh police tweeted the “peaceful demonstration” resulted in rolling, temporary road closures.

Rose had been riding in the front seat of the cab when another occupant, Zaijuan Hester, in the back, rolled down a window and shot at two men on the street, hitting one in the abdomen. A few minutes later, Rosfeld spotted their car, which had its rear windshield shot out, and pulled it over. Rosfeld ordered the driver to the ground, but Rose and another passenger jumped out and began running away. Rosfeld, sworn in just hours before the fatal shooting after only a few weeks on the job, fired three times in quick succession.

WITNESS SAYS OFFICER QUESTIONED TEEN'S ACTIONS IN SHOOTING

Rose was struck three times in the back, arm and side, the jury was told.

Hester, 18, pleaded guilty last week to aggravated assault and firearms violations and admitted being the shooter.

The former officer told jurors that he thought Rose or another suspect had a gun pointed at him, insisting he fired his weapon to protect himself and the community. Neither was armed.

Former East Pittsburgh police officer Michael Rosfeld earlier this month. 

Former East Pittsburgh police officer Michael Rosfeld earlier this month.  (AP)

Two guns were found in the car.

A defense expert told the jury, which included three black jurors, that Rosfeld was justified in using deadly force to stop suspects he thought had been involved in a shooting.

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Rose's mother has filed a federal lawsuit that accuses Rosfeld and the small town of East Pittsburgh of violating the teen's civil rights.

The Associated Press contributed to this report.

Source: Fox News National

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Terry Gou’s Taiwan presidential run fuels rally in Foxconn shares

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei
FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei, Taiwan, March 30, 2018. REUTERS/Tyrone Siu

April 18, 2019

HONG KONG (Reuters) – Shares of Foxconn and its Shanghai and Hong Kong-listed units soared on Thursday as investors cheered news that the chairman of the world’s largest contract manufacturer will run for president of Taiwan.

Gou, Taiwan’s richest person with a net worth of $7.6 billion according to Forbes, said on Wednesday he would join the already competitive presidential race, and take part in the opposition, China-friendly Kuomintang (KMT) primary elections.

Foxconn in a statement on Tuesday said Gou would remain chairman, though he planned to withdraw from his company’s daily operations.

On Wednesday, it said daily operations are handled by a team of professional managers, indicating that business would continue as usual.

“In terms of economic fundamentals, Taiwan stocks are not bad,” said Cathay Futures Vice-President Anderson Chien.

“If Gou runs for the election, the market may draw parallels to the rally in the U.S. stock market after U.S. President Trump won in 2016,” Chien said, referring to Donald Trump similarly being a businessman before turning attention to the presidency.

Foxconn, formally Hon Hai Precision Industry Co Ltd, climbed as much as 5.9 percent to T$97.20, the highest since October 2018. The stock is up more than 8 percent so far this week.

Handset maker and Foxconn unit FIH Mobile Ltd jumped as much as 58 percent to HK$2.23, its highest since February 2018, and was on track for its sixth consecutive session of gain. The stock has soared more than 100 percent so far this week, heading for its best week since its February 2005 listing.

“Punters are excited by the news and that boosted the stocks of the group of companies,” said Alex Wong, a director at Ample Finance. However, he said, a correction – when a stock price falls as investors in tandem sell at a profit – could come at any time.

FIH’s stock ranked as the second-biggest percentage gainer in early trade, tracking a rally in its parent Foxconn. It has outperformed the Hang Seng Commerce & Industry Index sector by 55.2 percentage points in the past month.

Shares in Foxconn Industrial Internet Co Ltd, a subsidiary of Foxconn, soared to the maximum-allowed limit of 10 percent, hitting their highest since June 2018.

Foxconn Industrial has jumped 25 percent this week and nearly 70 percent so far this year, far outpacing the broad market.

The Hong Kong-listed shares of Foxconn Interconnect Technology Ltd, Hon Hai’s electronic and optoelectronic connectors maker unit, rose as much as 14.3 pct to the highest since February 2018. The stock is up 15 percent this week.

(Reporting by Donny Kwok and Jeanny Kao; Writing by Anne Marie Roantree; Editing by Christopher Cushing)

Source: OANN

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Netflix looms large as theater owners assess industry future

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo

April 2, 2019

By Lisa Richwine

LAS VEGAS (Reuters) – As movie theater owners converge on Las Vegas for their annual convention, one topic that keeps coming up is how they contend with a company that has resisted their traditional business model: Netflix Inc.

The world’s most successful streaming service sends some movies to theaters but has insisted on making them available on Netflix at the same time, or just a few weeks later. That has upset big movie chains, which refuse to show Netflix films and want a longer “window” of time to play films exclusively.

The issue of how Netflix fits into, or threatens, the theater business dominated a press conference on Tuesday at CinemaCon, the theater industry trade show.

“All of your questions from the first 17 minutes or whatever are about Netflix,” grumbled John Fithian, president and chief executive of the National Association of Theatre Owners.

He insisted that Netflix and theaters can happily co-exist, citing data that showed the biggest consumers of streaming video visit theaters more often. He also said Netflix had helped revive interest in documentaries, which had helped draw people to theaters to see them.

Earlier, Fithian told a crowd in a Caesars Palace theater that films reached their full potential only with a “robust theatrical release.” He spoke just after “Crazy Rich Asians” director Jon M. Chu said his film would not have had as big an impact if it had debuted on a streaming service.

Some members of the Academy of Motion Picture Arts & Sciences, the group that hands out the Oscars, have been debating whether films must play in theaters for a specific length of time to compete for the awards, which could exclude Netflix or force the company to agree to longer exclusive theatrical runs.

Hollywood publication Variety reported on Tuesday that the Department of Justice had weighed in on the issue.

Antitrust chief Makan Delrahim sent a letter to the academy warning that any changes that limited eligibility for the industry’s highest honors “may raise antitrust concerns,” according to Variety.

An academy spokesperson confirmed it had received the letter and said any rule changes would be considered at an April 23 meeting. A source close to Netflix said the company was not involved with or aware of the Justice Department’s letter.

Netflix is a member of the Motion Picture Association of America, the trade association for Walt Disney Co, AT&T Inc’s Warner Bros. and other movie studios.

“We are all stronger advocates for creativity and the entertainment business when we are working together … all of us,” MPAA CEO Charles Rivkin said on the CinemaCon stage.

Both Rivkin and Fithian noted that box office receipts hit a record $11.9 billion in the United States and Canada in 2018 even as Netflix released dozens of original movies.

Mitch Neuhauser, managing director of CinemaCon, also was asked to address the issue when he wandered into a work room for reporters.

“Streaming is not a problem!” he exclaimed, noting that there are limits to how much people can stand to stay at home with all of the modern conveniences including grocery delivery.

“We’ve got to get out of the house. We are talking about becoming a society of hermits!”

(Reporting by Lisa Richwine in Las Vegas; Additional reporting by Kenneth Li in New York and Jill Serjeant in Los Angeles; Editing by Sonya Hepinstall)

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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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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