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South Africa’s Denel may wind down manufacturing for Airbus A400M

FILE PHOTO: An Airbus A400M aircraft flies during a display on the first day of the 52nd Paris Air Show at Le Bourget airport near Paris
FILE PHOTO: An Airbus A400M aircraft flies during a display on the first day of the 52nd Paris Air Show at Le Bourget airport near Paris, France, June 19, 2017. REUTERS/Pascal Rossignol/File Photo

March 30, 2019

JOHANNESBURG (Reuters) – South African state arms company Denel is in talks with Airbus about winding down production of parts for the European planemaker’s A400M military aircraft, Denel said on Saturday.

Denel, a cornerstone of South Africa’s once mighty defense industry, is battling to emerge from a financial and operational crisis. In February it said it could sell stakes in some divisions as part of a strategy to return to profits within two years.

The company has also been trying to renegotiate onerous contracts and exit parts of its business which are no longer viable, after making a 1.7 billion rand ($117 million) loss in the 2017/18 financial year.

Denel said it was yet to finalize terms with Airbus for the winding down of production for the A400M.

“The two companies agreed that the continued manufacturing of aircraft parts by Denel is no longer sustainable in its current form,” Denel said in a statement. “Alternative options are now being considered between the two parties.”

Denel will try to minimize the impact on jobs at its Aeronautics division, it added.

(Reporting by Alexander Winning; Editing by David Holmes)

Source: OANN

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House Republicans denounce Democratic move to tighten gun laws

A group of House Republicans gathered Tuesday on Capitol Hill to express their anger over two bills proposed by their Democratic colleagues that, if passed, would drastically tighten federal gun laws.

The Republican lawmakers, who were joined by a group of Second Amendment supporters, lambasted the two bills – HR 8 and HR 1112 – as “ineffective” and far overreaching measures that would ultimately lead to guns being confiscated from lawful owners.

“This bill turns law abiding citizens into criminals and it’s one more step towards federalized gun registration and ultimately gun confiscation,” Rep. Steve Scalise, R-Ga., the House Minority Whip, said. “That’s been the intention of many of the people bringing this bill for a long time. They want true gun control and this is the first step and surely not the last.”

ILLINOIS DEMS INTRODUCE BILL REQUIRING GUN BUYERS TO REVEAL SOCIAL MEDIA ACCOUNTS BEFORE GETTING FIREARM LICENSE

Scalise became a victim of gun violence when he was severely wounded by a gunman who opened fire while lawmakers were practicing for the annual Congressional Baseball Game for Charity in June 2017.

HR 8, which was approved by the House Judiciary Committee earlier this month in a 23-15 vote along party lines, would expand the scope of federal background checks and require nearly all purchasers of firearms to undergo a background check – even if they were bought it at a gun show, online or in a private transaction. HR 1112, which passed the committee 21-14, would require gun dealers to wait 10 days to receive answers about a background check.

The bills were introduced a day before the one-year anniversary of the mass shooting that killed 17 people at Marjory Stoneman Douglas High School in Parkland, Florida.

“Although we know the issue of gun violence won’t be fixed overnight, there are steps Congress can and must take to address it,” Rep. Jerry Nadler, D-N.Y., the chair of the House Judiciary Committee, said in a statement. “Closing loopholes in the current background check system are long-overdue legislative measures that will help address this national crisis.”

While a handful of House Republicans have signed up in support of HR 8 – including Rep. Peter King of New York – the vast majority of GOP lawmakers opposed the legislation.

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“Frankly HR-8 is taking the fears and concerns of a nation over gun violence and perpetrating a fraud upon the,” Rep. Doug Collins, R-Ga., said on Tuesday. “They are preying upon the very victims they are supposedly trying to help by putting a bill out there that will not help them. By constantly bringing up the mass violence instances such as schools and theaters and others. They are saying this will help.The reality is nothing in this bill would have stopped Parkland and nothing in this bill would have stopped the violence we have seen.”

The bills are part of the Democrats' efforts since retaking control of the House to move quickly to combat gun violence and they appear set to pass through the lower house of Congress. The legislation, however, is likely to meet a quick end once it lands in the Republican-controlled Senate.

Fox News College Associated Benno Kass contributed reporting to this piece.

Source: Fox News Politics

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What happens if Mueller finds Trump fingerprints in Russia conspiracy?

FILE PHOTO: FBI Director Mueller testifies before the Senate Judiciary Committee on Capitol Hill
FILE PHOTO: Robert Mueller, as FBI director, testifies before the U.S. Senate Judiciary Committee on Capitol Hill in Washington. Sept. 16, 2009. REUTERS/Yuri Gripas/File Photo

February 25, 2019

By Nathan Layne

(Reuters) – Special Counsel Robert Mueller is preparing to submit to U.S. Attorney General William Barr a report detailing his findings in the investigation into Russia’s role in the 2016 presidential election and any links to the Trump campaign.

Mueller has been looking since May 2017 into whether U.S. President Donald Trump’s campaign conspired with Russia and whether Trump unlawfully sought to obstruct the probe. Mueller already has indicted or secured guilty pleas from 34 people, including six associates of Trump, as well as three Russian entities.

Here is a look at possible scenarios following the completion of Mueller’s report.

REPORT FINDS TRUMP INVOLVED IN RUSSIA CONSPIRACY

Among those who already have pleaded guilty or have been convicted are: former Trump campaign chairman Paul Manafort; former Trump personal lawyer Michael Cohen; former national security advisor Michael Flynn; and former Trump campaign aides Richard Gates and George Papadopoulos. Others indicted include Trump adviser Roger Stone and Russian intelligence officers.

But the central question is whether Mueller will find that Trump himself played a role in a conspiracy with Moscow to boost his chances of winning the election or committed obstruction of justice to try to impede the Russia probe. Trump has denied collusion and obstruction.

If Mueller’s report reveals a willingness by Trump to collude with Russia or contains evidence of direct coordination involving the Republican president, such findings could be the starting gun for the Democratic-led House of Representatives to launch the impeachment process set out in the U.S. Constitution to remove a president from office.

Current Justice Department policy opposes bringing criminal charges against a sitting president.

Stone’s indictment points to instances in which people connected to the campaign communicated with him about Wikileaks, the website that released emails that U.S. officials have said Russians stole from Democrats to harm Trump’s Democratic opponent Hillary Clinton. For example, after a July 2016 release of emails stolen from the Democratic National Committee a “senior Trump campaign official was directed to contact STONE about any additional releases” by Wikileaks, the indictment stated. The sentence’s wording left open the possibility that Trump himself directed the campaign official.

Sam Nunberg, a former Trump aide and Republican political consultant, said any evidence that Trump was willing to work with Moscow, even without proof that he actually did that, might be enough for Democrats to draw up articles of impeachment.

“That’s impeachable for the Democrats,” Nunberg said.

The U.S. Constitution sets specific grounds for impeachment: treason, bribery or “other high crimes and misdemeanors.” If the House approves any articles of impeachment, the Senate then would hold a trial to determine whether to remove the president from office. The Senate is controlled by Trump’s fellow Republicans. Only two presidents have been impeached in American history, and neither was removed.

There is also the issue of obstruction. Legal experts have pointed to Trump’s firing of former FBI director James Comey while he was leading the Russia probe, Comey’s allegation that Trump asked him to end the investigation of Flynn, and the president’s dangling a possible pardon to Manafort among other acts that may amount to obstruction of justice.

Barr, months before Trump named him as attorney general, last year wrote an unsolicited memo to the Justice Department arguing Mueller should not be permitted to investigate obstruction by the president.

NOBODY IN TRUMP CAMPAIGN IMPLICATED IN RUSSIA CONSPIRACY

Mueller’s cases against Manafort and Stone have come the closest to showing coordination between Trump’s campaign and Russia. Manafort shared election polling data with his Russian associate Konstantin Kilimnik, who prosecutors have said is tied to Russian intelligence. Manafort attended a June 2016 meeting at Trump Tower in New York with other campaign officials with a Russian lawyer who promised “dirt” on Clinton. Mueller also found that Stone communicated with Wikileaks and the Russian hacker dubbed Guccifer 2.0.

But Mueller’s evidence made public to date falls short of demonstrating Trump and his campaign colluded with Russia. Collusion is a non-legal term often used to describe acts that in a criminal context in this investigation likely would translate to a charge of conspiracy against the United States.

If Mueller’s report goes no further, it could set back any Democratic effort to impeach Trump. But House Democrats could proceed with their own investigations that could cause Trump ongoing political damage heading into his 2020 re-election bid.

“If nothing more comes out than what is public then I think Trump could claim victory,” said Nelson Cunningham, a former federal prosecutor in New York and White House lawyer under Democratic President Bill Clinton.

REPORT IMPLICATES OTHERS IN CONSPIRACY BUT NOT TRUMP

Transcripts of closed court hearings this month indicated Mueller considers Manafort’s alleged lies about his interactions with Kilimnik to be “at the heart” of the probe into possible collusion between Trump’s campaign and Russia.

But that disclosure suggested Mueller was still trying to determine whether collusion occurred. In addition to sharing polling data, court filings show, Manafort and Kilimnik discussed a “Ukrainian peace plan,” a reference to Kremlin-friendly proposals to resolve the Ukraine conflict and end U.S. sanctions on Russia.

It is possible Mueller’s report will show that Manafort or others in Trump’s orbit conspired with Russians but there was no credible evidence Trump himself was involved or aware. While politically damaging to Trump, such a finding may not be enough to trigger an impeachment effort, though it could fuel House committee investigations.

“It’s not enough to show the Russians used their people,” said Robert Ray, who served as the second independent counsel in the 1990s Whitewater probe involving the Clintons’ business dealings, adding there would need to be proof that Trump’s people actively colluded to the point that it violated the law.

“I don’t think it occurred,” Ray said.

(Reporting by Nathan Layne in New York; Additional reporting by David Morgan in Washington; Editing by Will Dunham)

Source: OANN

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EU commissioner Vestager running for bloc's top posts

The EU's competition commissioner says she is one of seven candidates from the European Parliament's liberal, pro-business ALDE faction running for top posts within the European Union this year.

Margrethe Vestager, whose term ends in October, told Denmark's Politiken newspaper on Thursday that she was "part of the team." She did not name the other ALDE candidates.

A former Danish deputy prime minister and economy minister, Vestager has since 2014 been the EU's competition chief, making headlines by repeatedly slapping major tech companies — most recently Google — with big penalties and fines.

The top posts up for election in May include the presidencies of the European Commission, European Council, European Parliament and the European Central Bank, as well as the post of EU foreign affairs chief.

Source: Fox News World

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Avenatti’s accusations could widen college hoops scandal

FILE PHOTO: Lawyer Michael Avenatti walks out of federal court in New York
FILE PHOTO: Lawyer Michael Avenatti walks out of federal court in New York, New York, U.S., March 25, 2019. REUTERS/Carlo Allegri

March 26, 2019

Several high-profile college basketball programs likely are keeping a close eye on the next moves from lawyer Michael Avenatti, charged Monday with trying to extort up to $25 million from Nike.

Federal prosecutors in California and New York allege that Avenatti threatened to expose misconduct by Nike employees regarding NCAA rules violations involving a Nike-sponsored AAU team.

Monday’s charges came less than an hour after Avenatti tweeted: “This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball.”

After being released on a $300,000 bond, he resumed attacks on Twitter on Tuesday, mentioning two players by name — former Arizona center Deandre Ayton and currently injured Oregon big man Bol Bol — as having received money from Nike while they were recruits.

The federal complaint against Avenatti said that the lawyer’s client “had a sponsorship agreement with Nike pursuant to which Nike paid the AAU program approximately $72,000 annually.”

Sources told ESPN that the client is Gary Franklin, coach of the California Supreme program in Los Angeles.

Franklin has coached several current NBA players, including 2018 No. 1 pick Ayton, De’Anthony Melton (USC), Solomon Hill (Arizona) and Aaron Holiday (UCLA). Other alums from the California Supreme include Bol, who will enter the draft after his freshman season was cut short due to a foot injury, and UCLA’s Shareef O’Neal, the son of Shaquille O’Neal.

A U.S. attorney’s office spokesperson told ESPN that Avenatti’s allegations about Nike’s possible involvement in the college basketball recruiting scandal are being looked at. “Our investigation is continuing,” the spokesperson said.

Avenatti’s claims of NCAA violations come while Nike is wrapped up in an FBI investigation into corruption in college basketball involving bribery, financial advisors and major apparel sponsors such as Nike and Adidas.

Four former assistant coaches — Auburn’s Chuck Person, Southern California’s Tony Bland, Arizona’s Emanuel “Book” Richardson and Oklahoma State’s Lamont Evans — have pleaded guilty to crimes uncovered in the investigation and are awaiting sentencing.

While awaiting other potential claims by Avenatti, the college basketball world is bracing for the next federal basketball corruption trial, set to begin April 22. Arizona coach Sean Miller and LSU coach Will Wade reportedly have received subpoenas to testify.

LSU recently suspended Wade after reports that he was heard talking on a federal wiretap to Christian Dawkins, a middleman for agents, about an illegal payment to a recruit. Dawkins was found guilty of felony fraud charges last fall.

Dawkins, Adidas director of global marketing James Gatto and Adidas consultant and basketball organizer Merl Code were found guilty on wire fraud and conspiracy charges in October. They are defendants in next month’s trial, facing bribery charges relating to the payment of coaches.

–Field Level Media

Source: OANN

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Blown away by innovation or price? Samsung’s foldable phone opens up debate

The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics Co Ltd’s Unpacked event in San Francisco
The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics Co Ltd’s Unpacked event in San Francisco, California, U.S., February 20, 2019 REUTERS/Stephen Nellis

February 21, 2019

(Reuters) – Samsung Electronics Co Ltd has wowed the smartphone industry with the first mainstream foldable screen, accompanied by a nearly $2,000 price tag that generated heated debate as to whether it may prove too expensive to revive slumping sales.

The South Korean tech giant unveiled the Galaxy Fold which resembles a conventional smartphone, but which opens like a book to reveal a second display the size of a small tablet at 18.5 cm (7.3 inches). It will go on sale on April 26.

At its launch event in San Francisco on Wednesday, Samsung upped the surprise factor by briefing analysts and journalists on widely anticipated aspects ahead of time, such as 5G versions of its existing top-end Galaxy S phones.

The unveiling of the foldable device came as a shock to many in the auditorium.

“I am blown away,” said Patrick Moorhead of Moor Insights & Strategy, adding the phone could help Samsung rejuvenate its mobile business, whose lead is under attack from China’s Huawei Technologies Co Ltd.

“I believe you can innovate your way out of a mature market,” he said, noting that when Apple Inc launched the iPhone in 2007, most industry watchers believed the market had matured for $100 “candy bar” phones without touch screens.

Bob O’Donnell of TECHanalysis Research said the work Samsung had done with Facebook Inc, Alphabet Inc’s Google and Microsoft Corp to adapt applications to the new screen was important.

He said though Samsung had teased the folding phone before, “to see it in action, to see the software – I was like, Wow. It’s hugely important that the software experience be good.”

The phone, which can operate three apps simultaneously and boasts six cameras, also challenges the notion of what a phone can cost, debuting at nearly twice the price of current top-of-the-line models from Apple and Samsung itself.

“Due to price, it’s likely to be sold mainly to early adopters. Prices are key to expanding sales,” said former Samsung mobile executive Kim Yong-serk, who is now a professor at Sungkyunkwan University in Korea.

“It will help Samsung burnish an image as an innovative company, but it is unlikely to be profitable. I expect Apple to wait say for one year and come up with foldable phones with more features, as they did with the smartwatch,” he said.

Brokerage Hana Investment & Securities expects Samsung to sell 2 million foldable phones this year, with the price keeping the volume relatively low, while another brokerage expects shipments to reach 1 million. That would be less than one percent of the 291 million smartphones Samsung sold last year.

Online, social media users were divided over the price, the features, and whether consumers would even need such a phone.

“Innovative? Sure. Needed? Not sure. 6 cameras, 2 screens and 2 batteries at $1980?!?,” wrote Twitter user @JackPhan.

Reddit user AmazedCoder took a more positive view.

“The fact that people are only complaining about the price should tell you that a lot of people actually want this, but can’t get it. Second gen of this thing is gonna sell like hotcakes.”

While most analysts expect Apple to wait until 2020 to match the foldable phone, Samsung has set new price standards in the premium category as it seeks to revive consumer interest in an industry which posted its first-ever sales decline last year.

“$1980 dollar for a #galaxyfold no thanks… watch…now the next iPhone will be $1999,” Twitter user @zollotech said.

(Reporting by Stephen Nellis in SAN FRANCISCO, Hyunjoo Jin in SEOUL and Ambar Warrick in BENGALURU; Writing by Miyoung Kim; Editing by Christopher Cushing)

Source: OANN

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Lifestyles of the Rich and Socialist: From Chavez to Castro, leaders who lived the high life

Socialist leaders come to power promising to equalize society.

But, in the words of George Orwell's "Animal Farm," their followers soon learn "some are more equal than others."

LIFESTYLES OF THE RICH AND SOCIALIST: BERNIE SANDERS HAS 3 HOUSES, MAKES MILLIONS

American democratic socialists have faced scrutiny for their own indulgences under the capitalist system -- for instance, Sen. Bernie Sanders has three homes and a proclivity for private jet travel.

But American socialists' luxuries pale in comparison to those of history's most infamous socialist and communist leaders around the world.

Venezuela

Hugo Chavez brought socialism to Venezuela and once said that it is "bad" to be rich. Yet his family lived in opulence even as the rest of the country has in recent years descended into starvation and violence.

Chavez, despite not being wealthy when he was democratically elected as the president of Venezuela in 1998, was worth between $1 and $2 billion at his death, according to global risk analysis firm Criminal Justice International Associates.

Chavez's daughter, Rosinés Chávez, once posted an Instagram photo of herself with celebrity Justin, and another of her posing with U.S. cash – even as ordinary Venezuelans saw their life savings wiped out by million-percent inflation caused by the government printing too much money.

Ordinary Venezuelans are angry.

“Claims of social justice and equality are ridiculous ... The elites led by Chavez have stayed wealthy through corruption and theft of money,” a Venezuelan college student named Roxana told Fox News in texts translated from Spanish.

“In Venezuela, there is a very particular word to refer to family and friends who benefit from government money. They are ‘enchufado’ [‘well-connected’].”

But on her end, Roxana says she finds it hard to get decent food and she constantly fears being attacked – Venezuela now has a murder rate two times higher than Detroit’s.

'Socialism in Venezuela loves poor people so much, it multiplies them.'

— Venezuelan adage

Surveys also show the average Venezuelan has lost 24 pounds due to lack of food.

GILLIBRAND SAYS 'THERE'S NOTHING SOCIALIST' ABOUT THE GREEN NEW DEAL

Roxana mentioned a common joke in her country about the rise in extreme poverty: "Socialism in Venezuela loves poor people so much, it multiplies them.”

Cuba

The Cuban dictator Fidel Castro, throughout his reign, claimed to live in a humble fisherman’s hut.

“The fisherman’s hut was really a luxury vacation home,” Castro’s former bodyguard, Juan Reinaldo Sanchez, writes in “The Double Life of Fidel Castro.”

According to the bodyguard, the Cuban dictator obtained more than 20 fancy properties throughout the island.

Castro also frequently relaxed on a 90-foot yacht decorated with exotic wood imported from Angola. He also had nearly endless beachfront property to himself.

Castro eventually made it to number seven on Forbes’ list of richest world leaders, which estimated his wealth at $900 million. Castro denied being so wealthy.

With all his wealth and power, Castro also had at least five mistresses, according to his bodyguard.

Soviet Union

The top leader of the Union of Soviet Socialist Republics had access to a network of palaces, cars, and delicacies. However, Soviet leaders lived up to their ideals in one way: they never officially owned any of it. Upon death, the things they used went to the next leader.

Joseph Stalin loved American-made Packard cars, and had several.

Soviet leaders and bureaucrats also had their own elite, exclusive system of grocery stores, hospitals and schools -- even while ordinary Russian citizens sometimes waited for hours to buy food.

"There was not a lot of food to choose from, but in Moscow it was still edible,” Vladimir Yankov, a Soviet scientist who was born during Stalin’s reign and who later immigrated to the United States, told Fox News.

He said he never entered a special store for the political elite – but that twice in his life, he got a gift of top-quality Indian tea from well-connected friends with access to the stores.

“A party leader of a town with 100,000 [people] was paid a salary five times the national average,” Yankov recounted, “and had an apartment size five times the national average, plus a car with a driver.”

In 1985, 15 percent of Soviet households had a car. In the U.S., by contrast, households had an average of nearly two cars.

But Soviet elites’ wealth was always less ostentatious and flashy than that of American billionaires and celebrities, making things more equal in that way.

Yankov said that, to him, social democracies like Sweden struck a good balance – they reject traditional aspects of socialism such as government ownership, but also provide generous welfare.

“The problem in the Soviet Union was the leaders’ stupidity, not their consumption habits – at least for me,” Yankov said.

China

China’s constitution states that it “is a socialist state under the people's democratic dictatorship led by the working class” – yet, its leaders live far better than workers.

China suffered more deaths than any other country due to starvation caused by the government takeover of farms. Sixty-five million people were killed, per The Black Book of Communism.

“The leaders never intended for themselves to be the ones who were tightening their belts,” Marion Smith, executive director of the Victims of Communism Memorial Foundation, told Fox News.

“Mao [Zedong] is a great example. He had a rotating harem of underage girls,” Smith said. That is per Mao’s former personal physician, who later moved to America.

“Mao was sitting in his luxurious pool, talking to Western journalists, while millions of Chinese died of starvation,” Smith added.

Romania

Nicolae Ceaușescu, dictator of the Socialist Republic of Romania from 1965 to 1989, claimed his government would aid in "the moulding of the new man and the promotion of socialist ethics and equity."

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But Ceaușescu himself owned 15 palaces, including one complete with gold bathroom fixtures, silk carpets, and a garden with peacocks. He owned multiple yachts, and the Guinness Book of Historical Blunders records him as having provided his pet dog, Corbu, with its own motorcade.

Maxim Lott is Executive Producer of Stossel TV and creator of ElectionBettingOdds.com. He can be reached on Twitter.

Source: Fox News Politics

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

April 26, 2019

By Julien Pretot

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

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

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

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

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

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

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

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

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

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

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

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

SAME TREATMENT

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

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

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

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

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

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

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

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

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

‘ONE CLUB’

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

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

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

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

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

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

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

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

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

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

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

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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

April 26, 2019

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

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

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

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

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

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

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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

April 26, 2019

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

1/DOLLAR JUGGERNAUT

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

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

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

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

2/FED: UP OR DOWN?

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

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

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

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

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

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

3/HEISEI TO REIWA

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

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

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

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

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

4/EARNING TURNING

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

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

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

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

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

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

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

5/WAITING FOR THE OLD LADY

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

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

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

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

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

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

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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