Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Gallup: Trump Approval Up 50% or More in 17 States

People in 17 states gave President Donald Trump approval ratings of 50 percent or higher for 2018, with people in 16 other states rating him at below 40 percent, according to a new Gallup Poll released Friday.

Trump gained the most approval in states in the South and Mountain West and the least approval in New England and on the West Coast. His highest rankings came in West Virginia, at 62 percent, and Wyoming, 61 percent, marking the only two states with rankings above 60 percent.

Nationwide, Trump's approval ratings were at 40 percent for 2018, compared to 38 percent in 2017, marking a slight increase.

Trump's ratings were highest in:

  • West Virginia, 62 percent
  • Wyoming, 61 percent
  • South Dakota, 58 percent
  • North Dakota, 58 percent
  • Alaska, 56 percent
  • Mississippi, 56 percent
  • Alabama, 55 percent
  • Tennessee, 54 percent
  • Kentucky, 53 percent
  • Arkansas, 53 percent

Trump's job approval ratings were in line with his 2016 presidential race, with the highest ranked states also voting for him at that time.

His ratings were lowest in:

  • Hawaii, 26 percent
  • Vermont, 28 percent
  • California, 29 percent
  • Massachusetts, 29 percent
  • Maryland, 31 percent
  • New York, 32 percent
  • Illinois, 35 percent
  • New Jersey, 35 percent
  • New Hampshire, 35 percent
  • Rhode Island, 36 percent
  • Connecticut, 36 percent
  • Washington, 36 percent

The poll included combined data from the 2018 Gallup tracking poll, including interviews with more than 73,000 adults nationwide, including 500 or more in 38 states and 1,000 or more in 27 states.

Source: NewsMax Politics

0 0

China’s economy still faces downward pressure: premier

Chinese Premier Li Keqiang attends a meeting with International Monetary Fund (IMF) Managing Director Christine Lagarde at the Diaoyutai State Guesthouse in Beijing
Chinese Premier Li Keqiang attends a meeting with International Monetary Fund (IMF) Managing Director Christine Lagarde (not pictured) at the Diaoyutai State Guesthouse in Beijing, China April 24, 2019. Parker Song/Pool via REUTERS

April 24, 2019

BEIJING (Reuters) – China’s economy still faces downward pressure and the government will counter such pressure by deepening reforms and cutting taxes, state television quoted Premier Li Keqiang as saying on Wednesday.

The government will keep economic growth within a reasonable range, Li said.

(Reporting by China monitoring desk and Kevin Yao; Editing by Robert Birsel)

Source: OANN

0 0

Fewer Americans seeing crucial Social Security document due to budget cuts

FILE PHOTO: Sign is seen on the entrance to a Social Security office in New York
FILE PHOTO: A sign is seen on the entrance to a Social Security office in New York City, U.S., July 16, 2018. REUTERS/Brendan McDermid/File Photo

April 24, 2019

By Mark Miller

CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.)

It is one of the most important retirement documents you will ever receive – but fewer Americans are reviewing their Social Security benefit statement nowadays due to cost-cutting and a government push to online services that is falling short.

Until about a decade ago, all workers eligible for Social Security received a paper statement in the mail that provided useful projections of their benefits at various ages, along with reminders on the availability of disability benefits and Medicare enrollment information.

But the Social Security Administration (SSA) decided in 2010 to save money by eliminating most mailings of benefit statements. Instead, we would all be encouraged to obtain this information online.

It is now abundantly clear that this is not working out.

The number of workers accessing their statements online has been just a fraction of those who once were reached by paper statements. And the cost-benefit tradeoff is poor.

Forty-two million Americans have created online accounts with the SSA since they were first offered seven years ago, the agency says, compared with the 155 million paper statements that were mailed in 2010, before the cost-cutting began. Meanwhile, the number of online account-holders who accessed their statements fell dramatically in fiscal 2018, from 96 percent to 43 percent, according to a report issued in February by the SSA’s Office of the Inspector General (OIG).

The report does not speculate on reasons for the fall-off, and the SSA declined to offer its own analysis. “We’ll leave the hypothesizing to others,” said Mark Hinkle, acting press officer.

If you have an online account with the SSA, you will receive an email message three months before your birthday reminding you to review your statement. But the process of logging on can be challenging, partly due to security protections aimed at preventing identity theft and fraud. The security is necessary, but the setup process requires users to go through multiple layers of authentication to prove identity.

Meanwhile, the level of comfort with online technology among older people lags the general population, according to a 2017 study by the Pew Research Center. For example, 51 percent of adults aged 65 or older have home broadband, compared with 73 percent of all adults. “We’ve seen the gaps close somewhat, but for the most part the differences haven’t changed much over the past five or six years,” said Monica Anderson, a senior researcher with Pew.

BROADER SHIFT TO ONLINE CUSTOMER SERVICE

The SSA’s shift to online accounts is part of a broader agency strategy to handle most of its business with the public online by 2025. Yet the statement adoption rates underscore the problem with that strategy. Social Security is a near-universal program, and that means the agency serves many people who are less tech-savvy.

Differences in tech adoption also vary quite a bit by income, education levels and race. Eighty-seven percent of seniors living in households earning more than $75,000 annually told Pew they have home broadband, compared with just 27 percent of seniors whose annual household income is below $30,000.

But the relatively low engagement with statements also might be due to human behavior. “I logged on and set it up the first year it was offered,” said Kathleen Romig, senior policy analyst at the Center on Budget and Policy Priorities, a leading research and policy expert on Social Security.

“But do I log on regularly to check my account? Absolutely not – and I’m much more interested in Social Security than most people,” she said. “But that seems deeply normal to me – people are busy and once they’ve logged on once, they don’t bother to do it again. It goes on the back burner.”

Currently, the only people receiving paper statements by mail are those who are over age 60, have not claimed benefits and do not have an online account. That was roughly 13 million people in fiscal 2017, according to the OIG report.

People who review their statements tend to make more optimal decisions claiming benefits. The statement projects your benefit at various ages – and people who review the numbers are far less likely to claim at earlier ages, and more likely to stay in the workforce longer, one recent research paper found. (https://bit.ly/2IzFZPH)

The statement also provides an opportunity to safeguard against the threat of identity theft and fraud by checking your earning history to make sure it looks accurate. “The best way to prevent fraud is for everyone to look every year at the earnings statement to see if everything looks right,” Romig said.  (You can sign up for an account here: http://bit.ly/socialsecurityaccount)

How much does the agency save by shifting to online accounts? About $46 million last year, according to the OIG report. That sounds like big money, but it is not significant in the context of the SSA’s overall budget, which is $12.9 billion in fiscal 2019.

The SSA budget has been cut repeatedly over the past decade. That has led to large staff reductions and closing of field offices. Wait times for the public have soared at field offices and on the agency’s toll-free line; there also have been big backups in disability appeals hearings and back-office paperwork processing. (https://nyti.ms/2VXaNge)

For fiscal 2020, the agency has requested a budget of $13.3 billion – a 3.3 percent increase. Notably, the separate budget request from the White House for the agency was to keep the budget nearly flat.

Indeed, Romig argues that the diminished number of people receiving and reviewing Social Security statements is just part of a bigger set of problems besetting the agency. “It’s a good example of why the Social Security Administration needs more money.”

(Reporting and writing by Mark Miller in Chicago; Editing by Matthew Lewis)

Source: OANN

0 0

Ilhan Omar Gaslights America On 9/11 Terror Attacks

Super Male Vitality

Limited Advanced Release

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Super Male Vitality

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Source: InfoWars

0 0

Factbox: ‘Fake News’ laws around the world

Commuters walk past an advertisement discouraging the dissemination of fake news at a train station in Kuala Lumpur, Malaysia
Commuters walk past an advertisement discouraging the dissemination of fake news at a train station in Kuala Lumpur, Malaysia March 28, 2018. REUTERS/Stringer

April 2, 2019

SINGAPORE (Reuters) – Singapore’s parliament on Monday began considering a law on “fake news” that an internet watchdog has called the world’s most far-reaching, stoking fears the government could use additional powers to choke freedom of speech and chill dissent.

Governments and companies worldwide are increasingly worried about the spread of false information online and its impact on everything from share prices to elections and social unrest.

Human rights activists fear laws to curb so-called “fake news” could be abused to silence opposition.

Here are details of such laws around the world:

SINGAPORE

Singapore’s new law would require social media sites like Facebook to carry warnings on posts the government deems false and remove comments against the “public interest”.

Singapore, which ranks 151 among 180 countries rated by the World Press Freedom Index, defines “public interests” as threats to its security, foreign relations, electoral integrity and public perception of the government and state institutions.

Violations could attract fines of up to S$ 1 million ($737,500) and 10 years in prison.

RUSSIA

Last month, President Vladimir Putin signed into law tough new fines for Russians who spread what the authorities regard as fake news or who show “blatant disrespect” for the state online.

Critics have warned the law could aid state censorship, but lawmakers say it is needed to combat false news and abusive online comment.

Authorities may block websites that do not meet requests to remove inaccurate information. Individuals can be fined up to 400,000 rouble ($6,109.44) for circulating false information online that leads to a “mass violation of public order”.

FRANCE

France passed two anti-fake news laws last year, to rein in false information during election campaigns following allegations of Russian meddling in the 2017 presidential vote.

President Emmanuel Macron vowed to overhaul media laws to fight “fake news” on social media, despite criticism that the move was a risk to civil liberties.

GERMANY

Germany passed a law last year for social media companies, such as Facebook and Twitter, to quickly remove hate speech.

Called NetzDG for short, the law is the most ambitious effort by a Western democracy to control what appears on social media. It will enforce online Germany’s tough curbs on hate speech, including pro-Nazi ideology, by giving sites a 24-hour deadline to remove banned content or face fines of up to 50 million euros.

Since it was adopted, however, German officials have said too much online content was being blocked, and are weighing changes. [https://reut.rs/2RP1OeW]

MALAYSIA

Malaysia’s ousted former government was among the first to adopt a law against fake news, which critics say was used to curb free speech ahead of last year’s general elections, which it lost.The measure was seen as a tool to fend off criticism over graft and mismanagement of funds by then prime minister Najib Razak, who now faces charges linked to a multibillion-dollar scandal at state fund 1 Malaysia Development Berhad.

The new government’s bid to deliver on an election promise to repeal the law was blocked by the opposition-led Senate, however. [https://reut.rs/2R4IR6I]

EUROPEAN UNION

The European Union and authorities worldwide will have to regulate big technology and social media companies to protect citizens, European Commission deputy head Frans Timmermans said last month.

EU heads of state will urge governments to share information on threats via a new warning system, launched by the bloc’s executive. They will also call for online platforms to do more to remove misleading or illegal content.

Union-level efforts have been limited by different election rules in each member nation and qualms over how vigorously regulators can tackle misleading content online.

(Reporting by Fathin Ungku; Editing by Clarence Fernandez; and Joe Brock)

Source: OANN

0 0

Trump: Washington Post Got It Wrong Again on Mexico

President Donald Trump said Friday that The Washington Post “purposely” misunderstood his position on Mexico and illegal immigration across the Southwest border.

"Trump says Mexico began to detain thousands of Central American migrants at its southern border only this week. Let’s not beat around the bush here — that’s totally false. They’ve been doing it for decades," Salvador Rizzo wrote in the Post’s Fact Checker section.

“The Crazed and Dishonest Washington Post again purposely got it wrong. Mexico, for the first time in decades, is meaningfully apprehending illegals at THEIR Southern Border, before the long march up to the U.S. This is great and the way it should be. The big flow will stop,” Trump tweeted on Friday morning.

“However, if for any reason Mexico stops apprehending and bringing the illegals back to where they came from, the U.S. will be forced to Tariff at 25% all cars made in Mexico and shipped over the Border to us. If that doesn’t work, which it will, I will close the Border,” he continued.

“This will supersede USMCA,” Trump added. “Likewise I am looking at an economic penalty for the 500 Billion Dollars in illegal DRUGS that are shipped and smuggled through Mexico and across our Southern Border. Over 100,00 Americans die each year, sooo many families destroyed!”

Source: NewsMax Politics

0 0

Woman hit by frozen turkey tossed through windshield in 2004 dies

The Long Island woman who was nearly killed in 2004 when a teenager randomly chucked a frozen turkey through her car windshield died on Monday.

Victoria Ruvolo’s tale of survival garnered headlines after she worked with prosecutors to grant clemency to the teenager who threw the frozen bird.

DR. ROBERT JEFFRESS: LIFE'S MOST IMPORTANT CHOICE IS FORGIVENESS

Her death was announced on her website and Facebook page on Tuesday. She was 59 years old.

“It is with a very heavy heart that we announce the sudden and unexpected passing of our beloved Vickie,” the note on her Facebook page read.

In November 2004, a group of teenagers used a stolen credit card to buy the 20-pound turkey in Ronkonkoma, Long Island. They then climbed into a car and drove onto Sunrise Highway.

During the trip, 18-year-old Ryan Cushing threw the bird out of the car and into Ruvolo’s windshield.

The impact broke every bone in Ruvolo’s face, which required a 10-hour surgery, three titanium plates, and a wire mesh for her left eye socket to correct.

The teens were arrested shortly after the assault, and several of them agreed to testify against Cushing. He would have faced up to 25 years in prison if he was convicted of throwing the turkey at Ruvolo’s car.

Instead, Ruvolo intervened on his behalf and worked with his lawyer to get him amnesty for the crime.

“Some people couldn’t understand why I’d done this but I felt God had given me a second chance and I wanted to pass it on,” Ruvolo wrote on her website after the ordeal.

Cushing was sentenced to a six-month prison sentence and five years of probation.

Ruvolo became an inspirational speaker and went on to work for the Forgiveness Project in Long Island.

“Forgive someone today,” the death announcement on her website reads.

Cushing could not be reached Wednesday night.

Click here for more from the New York Post. 

Source: Fox News National

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist