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Jaguar won't be euthanized after zoo attack on selfie-taking Arizona woman, officials say

A jaguar won’t be punished for a woman whose selfie went horribly wrong.

The jaguar that attacked an Arizona woman -- who jumped a barrier to snap a selfie with the feline -- will not be euthanized, zoo officials said Sunday.

Wildlife World Zoo officials told social media users the jaguar “won’t be put down” after a woman in her 30s suffered injuries to her arm following the Saturday incident. The woman jumped a barrier at the Litchfield Park zoo and reached out to take a selfie when the big cat dug her claws into the visitor’s hand.

TEXAS MAN ALLEGEDLY SHOOTS DOG IN FACE IN FRONT OF YOUNG KIDS

“We can promise you nothing will happen to our jaguar. She’s a wild animal and there were proper barriers in place to keep our guests safe- not a wild animals fault when barriers are crossed. Still sending prayers to her and her family,” Wildlife World Zoo officials tweeted Sunday.

Adam Wilkerson, who was at the zoo on Saturday, told FOX10 he heard the woman scream for help.

"I hear this young girl screaming, 'Help, help, help,' and without thinking, I just run over there. I see another girl with her up against the cage of the jaguar and the jaguar has clasped its claws outside of the cage around her hand and into her flesh," Wilkerson told the news station.

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Wilkerson said his mother threw a water bottle into the cage to distract the jaguar just enough for her to let go of the woman’s arm.

"The jaguar lets go of the girl somewhat because the claw catches on just her sweater. At that moment, I grabbed the girl around the torso and pulled her away from the cage and it unlatches from her claw,” he recalled. “The jaguar just goes after the bottle.”

Wilkerson took video showing the woman on the ground with a gash on her arm screaming in agony. Several people were seen attempting to help her as they waited for help.

Zoo officials later released a statement saying the woman was taking a selfie when the attack occurred. They added the jaguar never left her cage and the woman was never in the animal’s enclosure.

“The incident is being fully investigated,” the zoo said.

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A zoo spokesperson said Sunday the woman apologized for the incident and admitted she was wrong for jumping the barrier. She received stitches on her arm and is recovering well, FOX10 reported.

Source: Fox News National

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Major automakers fear Trump ‘grenade’ – imposing U.S. auto tariffs

FILE PHOTO: A woman photographs cars on display at the 2019 New York International Auto Show in New York
FILE PHOTO: A woman photographs cars on display at the 2019 New York International Auto Show in New York City, New York, U.S, April 17, 2019. REUTERS/Brendan McDermid/File Photo

April 17, 2019

By Nick Carey and David Shepardson

NEW YORK (Reuters) – Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains – will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports?

The industry is in “wait-and-see mode,” but the tariffs would be a bad idea, Bob Carter, head of U.S. sales at Toyota Motor Corp, told Reuters on Wednesday.

“If the tariff happened on the auto industry, quite frankly that’s pulling the pin out of the grenade,” he said at a conference on Tuesday held in conjunction with the New York International Auto Show. “I don’t believe the U.S. economy can run out of the room fast enough if that happens.”

Carter said in an interview he was optimistic the Trump administration would decide against tariffs, yet “uncomfortable” given the president’s decision last year to impose tariffs on steel and aluminum imports.

Trump ran for office in 2016 on a protectionist platform aimed at shoring up U.S. manufacturing jobs. He has said in the past he was considering tariffs on autos and auto parts of up to 25 percent.

In February, the U.S. Commerce Department sent recommendations to Trump, which auto industry officials expect to include at least some tariffs on fully assembled vehicles or on critical technologies and components related to electric, automated, connected and shared vehicles.

Such tariffs would have a deeper impact on car prices and consumers than earlier metals tariffs that were imposed. The steel and aluminum tariffs cost Detroit automakers General Motors Co and Ford Motor Co $1 billion each and Fiat Chrysler Automobiles NV said they could add up to $350 million in costs in 2019.

HEAVY LOBBYING

Trump is supposed to make a decision by mid-May, but some officials think the administration will find a way to delay final action, using the threat as leverage to try to win concessions on autos in trade talks with Japan and the European Union.

Joe Eberhardt, chief executive of Jaguar Land Rover North America, said a 25 percent tariff on all imported vehicles would cost the company “billions.” If the tariffs were on parts, it would also hit U.S. automakers hard, he noted.

“We just hope that reason will prevail,” he said.

Toyota and other automakers have been lobbying heavily to block any new tariffs on imported vehicles, arguing the industry’s global supply chain is so intertwined that tariffs would raise prices, hurt sales and thus damage the economy.

IMPACT ON PRICES

At a conference held ahead of the New York auto show this week, IHS Markit’s chief U.S. economist, Joel Prakken, forecast 2019 U.S. new vehicle sales of 16.8 million units, down about 500,000 units from 2018 but still high historically.

However, tariffs could reduce sales by another 2 million vehicles and shave half to two-thirds of a percentage point off U.S. gross domestic product, he said.

“It would be horrible for the automotive industry, it will be horrible for consumers and it will be horrible for the U.S. economy,” said Fred Diaz, the U.S. chief executive of Mitsubishi Motors Corp.

In one example, Carter said 72 percent of the parts for the Camry sedan that Toyota makes in Kentucky come from U.S. suppliers, but 28 percent are imported. A 25 percent tariff would cause that car’s price to rise $1,800 overnight.

“There is no such thing as a 100 percent U.S. vehicle,” he told Reuters.

According to industry estimates, broad tariffs could add an average of $4,000 to a new car’s sticker price.

Nissan Motor Co Ltd’s North American chairman, Jose Valls, said the automaker has “invested very heavily in the U.S. and they (the Trump administration) need to take into account our customers and our employees.”

“We’ll adjust,” Valls said. “But we’re not taking decisions on things that haven’t been finalized yet.”

Mitsubishi’s Diaz said industry groups are lobbying hard against the tariffs.

“The feedback is that we’re being heard,” he said. “But fundamentally, how do you really know?”

(Reporting by Nick Carey and David Shepardson in New York; Editing by Ben Klayman and Matthew Lewis)

Source: OANN

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Christian adoption agency sues New York after state tries to shut it down

A Christian adoption agency in Syracuse, New York is suing the state after it threatened to shut them down for a "discriminatory and impermissible" policy of placing each child with a married mother and father and referring unmarried or same-sex couples to other adoption agencies because of its religious beliefs.

New Hope Family Services is a non-profit that serves as an adoptive provider and pregnancy center since 1965. The New York State Office of Children and Family Services (OCFS) initially praised the organization after a site visit but took issue with the group's child placement policy after reviewing its manual. OCFS told New Hope to revise its policy of placing children with a married mother and father or end the adoption program. New Hope filed a lawsuit against the state in December for targeting their religious beliefs.

TEXAS COUPLE: GOD 'PURPOSEFULLY CONNECTED' US TO KIDS FOUND CHAINED IN HORRIFIC ABUSE CASE

“There’s no reason for the state to single out and punish those whose faith teaches them that the best home for a child includes a married father and mother,” Roger Brooks, Alliance Defending Freedom (ADF) senior counsel who argued the case for New Hope Tuesday, told Fox News. “Adoption providers exist to assist children, not to affirm the desires of adults. Children in Syracuse, throughout New York, and across the country will suffer if this discrimination and hostility toward faith-based adoption providers becomes the status quo.”

But Adrienne Kerwin, an attorney representing OCFS, argued that discrimination of any kind is illegal during the two hours of oral arguments in front of U.S. Magistrate Mae D'Agostino.

TODDLER'S 'MIRACLE' HEALING SPARKED WORSHIP ANTHEM: 'WE BELIEVE IN THE POWER OF PRAISE

"This doesn't force them to do anything other than obey the law," Kerwin said. "There can be no exceptions when it comes to following the law. To grant an exemption is not equal protection."

New Hope has placed more than 1,000 children in homes across New York and has never received a formal complaint due to the policy, according to the lawsuit.

WORSHIP LEADER BEGAN FOSTERING BECAUSE 'THE LORD STARTED TO SPEAK TO US'

New York law was changed in 2010 to allow unmarried and same-sex partners, no longer just "an adult husband and his adult wife" to adopt, but the legislation did not make it mandatory. ADF argues that New York bureaucrats targeted New Hope for their religious convictions.

OFCS told New Hope "the agency's policy pertaining to not placing 'children with those who are living together without the benefit of marriage' or 'same sex couples'" violates New State law and gave them the ultimatum to revise the policy or "submit a close-out plan for the adoption program."

CALIFORNIA JUDGE ORDERS STATE TO PAY $399G TO PRO-LIFE PREGNANCY CENTERS

ADF attorneys are asking the court to protect New Hope from being singled out, punished, or disfavored because of its religious beliefs. New Hope refers unmarried and same-sex couples to nearby adoption providers.

Jeana Hallock, ADF legal counsel, said everyone loses if the government forces New Hope to shut down.

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“For over 50 years, New Hope has served children and families throughout the state of New York by offering a comprehensive, ‘arm-around-the-shoulder’ ministry and walking with both birth parents and adoptive parents to place children in forever homes," Hallock said. "Protecting this religious nonprofit does nothing to interfere with other adoption providers. Banishing New Hope as a faith-based adoption provider, however, means fewer kids will find permanent homes, fewer adoptive parents will ever welcome their new child, and fewer birth parents will enjoy the exceptional support that New Hope has offered for decades."

ARKANSAS COUPLE ADOPTS SEVEN SIBLINGS AT ONCE, GIVING THEM A 'FOREVER FAMILY' 

The nonprofit has never accepted state funding and, besides the fees paid by adoptive parents, funds its ministry through support from churches, individual donors, and private grants, it argues.

In the past several years, faith-based adoption and foster care providers in Massachusetts, Illinois, Washington D.C. and California have ceased operations after it refused to place children with same-sex couples.

Source: Fox News National

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FEMA exposed sensitive private data of 2.3M survivors of 2017 hurricanes, wildfires

The Federal Emergency Management Agency (FEMA) potentially exposed millions of people to identity theft and fraud after wrongly sharing sensitive personal information of survivors of devastating 2017 hurricanes and wildfires with a contractor.

The Homeland Security Department’s Office of Inspector General said Friday that the information of 2.3 million survivors was released when working with a contractor that helps provide temporary housing to those affected by disasters.

The information provided to the contractor, which wasn’t named, included names, last four digits of a Social Security number and how many people live in a household.

AS FLOODS SWEEP MIDWEST, INDIVIDUAL OUT-OF-POCKET COSTS CAN REACH HUNDREDS OF THOUSANDS OF DOLLARS

It also contained bank names, electronic funds transfer numbers and bank transit numbers, even though such information wasn’t required for the contractor to confirm the survivors’ eligibility for housing.

About 2.3 million people suffered due to California wildfires and Hurricanes Harvey, Irma and Maria.

The inspector general that FEMA violated not only federal privacy laws but Homeland Security policy by giving the additional information to the contractor.

The contractor also knew that FEMA provided the data they didn’t need, yet it didn’t inform the agency about it.

FEMA officials said that following the discovery of the issue, the agency was no longer giving data to the contractor. They added that after conducting a detailed review of the contractor’s information system, there’s no indication that the data has been compromised.

“FEMA’s goal remains protecting and strengthening the integrity, effectiveness, and security of our disaster programs that help people before, during, and after disasters,” FEMA Press Secretary Lizzie Litzow said in a statement.

“FEMA’s goal remains protecting and strengthening the integrity, effectiveness, and security of our disaster programs that help people before, during, and after disasters.”

— FEMA Press Secretary Lizzie Litzow

NEBRASKA FLOODING THAT IMPACTED CAPITAL'S WATER SUPPLY SEEN IN TIME-LAPSE VIDEO

The agency noted that it’s working with the contractor to scrub the data and mandated staff to complete additional privacy training.

Hurricane Harvey, a powerful Category 4 storm, slammed Texas on Aug. 25, 2017, killing 68 people and destroying much of the Houston metropolitan area where over 6 million people lived.

Irma, meanwhile, struck Florida and then battered Georgia and North Carolina, killing 129. Hurricane Maria made landfall Sept. 20, leaving Puerto Rico devastated for months, which left reportedly 3,000 people dead.

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The California wildfires in 2017 burned some 1.2 million acres of land and killed at 46 people. The insurance claims topped $3.3 billion.

The Associated Press contributed to this report.

Source: Fox News National

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U.S.’ Mnuchin says had ‘productive working dinner’ in China

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation, speaks to the media upon his arrival at a hotel in Beijing
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation, speaks to the media upon his arrival at a hotel in Beijing, China March 28, 2019. REUTERS/Jason Lee

March 29, 2019

BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, as he headed to a state guest house to begin a day of trade talks.

Mnuchin, speaking to reporters at his hotel, said he was looking forward to his discussions. He did not elaborate.

(Reporting by Philip Wen; Writing by Ben Blanchard; Editing by Paul Tait)

Source: OANN

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How Banks Mess With Your Head

Human action and the interest rate

People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available in, say, one month. This is expressive of time preference — which is an undeniable fact, a category of human action.

The sentence “Humans act” is a logically irrefutable truth. It cannot be denied without causing a logical contradiction. By saying “Humans can not act”, you act and thus contradict your very statement.

From the true insight that humans act we can deduce that human action takes place in time. There is no timeless human action. Were it otherwise, people’s goals would be instantaneously reached, and action would be impossible — but we cannot think that we cannot act.

The market interest rate is expressive of time preference, and as such, it is also a category of human action. If determined in an unhampered market, the (natural) market interest rate denotes the discount that future goods are subject to relative to present goods.

If one US-dollar available in a year is trading at, say, 0.95 US-dollar, it means that the market interest rate is 5.0% (the calculation is: [0.95 / 1 – 1]*100).

Should people start valuing present goods more highly than future goods — which is expressive of a rise in time preference —, the discount on future goods vis-à-vis present goods and thus the market interest rate go up.

If peoples’ time preference declines, the discount on future goods vis-à-vis present goods drops, and so does the market interest rate — meaning that people wish to save more and consume less out of their current income.

The interest rate and central banking

In an unhampered market, the market interest rate reflects peoples’ time preference. Nowadays, however, the market interest rate is no longer determined in an unhampered market. It is dictated by the central bank.

Central banks set short-term interest rates by providing commercial banks with credit. In doing so, they exert a strong influence on short-term interest rates. In more recent years, central banks have also been determining long-term interest rates through bond purchases.

The rather uncomfortable truth in this context is that central banks, in close cooperation with commercial banks, keep issuing new money produced through bank credit that is not backed by real savings.

The purpose of such a money-increase-through-credit-creation-scheme is to bring down the interest rate: to deliberately suppress it to a level that is lower than the level of the market interest rate determined in a free market.

This has far-reaching consequences. The artificially lowered market interest rate tempts people to save less and consume more – compared to a situation in which the market interest rate had not been artificially lowered.

As savings decline and consumption increases, the lowered market interest rate causes new investment, and the result is an artificial economic upswing. However, such a “boom” is not sustainable, and at some point it will have to turn into a recession (“bust”).

This is, in a nutshell, what the Austrian Business Cycle Theory (ABCT) says about the consequences of the central banks’ meddling with the market interest rate. However, there is much more that the ABCT reveals.

Central banking and valuation

In fact, the ABCT tells us that central banks, by manipulating the market interest rate, tinker with humans’ valuation scales. Pushing down the market interest rate does not only result in declining borrowing costs or rising stock and housing prices.

These are merely symptoms of a more profound and most elementary cause — namely central banks influencing the way people value the present satisfaction of wants relative to the future satisfaction of wants and act accordingly thereupon.

Through artificial depression of the market interest rate, people are compelled to value present consumption higher than future consumption. In fact, they are compelled to care less about the future and more about the present.

Saving for future needs is discouraged, consuming in the present is encouraged. Furthermore, artificially lowered interest rates persuade people to give up a debt-free life and run into credit to bring forward future consumption to the present.

The disconcerting insight is that such an increased valuation of present needs relative to future needs affects all fields of human action — such as peoples’ valuation of, e.g. education, family, manners, you name it.

The artificially lowered market interest rate makes it less attractive for the individual to spend hours learning, as it would mean reducing present consumption in the form of leisure time. As a result, the quality of general education can be expected to decline.

Starting a family appears to become more self-sacrificing and burdensome — as parents have to forego present consumption. Also, divorce increasingly seems to be an appealing way out of current relationship problems.

Having good manners — getting out of somebody’s way, saying good morning, helping a stranger across the street, and so on — is considered less rewarding, as it often means restricting present consumption, forgoing potentially higher consumption in the future.

Valuation and human action

By directly influencing peoples’ valuation scales through the manipulation of market interest rates, central banks affect every aspect of peoples’ lives. It amounts to a “Revaluation of all Values”, to use a term coined by the German philosopher Frederick Nietzsche.

It should be easy now to see that the root cause of many severe defects in social matters can be directly or indirectly traced back to central banking. There should not, actually cannot, be any presumption of innocence as far as central banking is concerned.

As a final point, let us address the issue of “speculative bubbles” in financial markets. Of course, prices sometimes overshoot or undershoot, inflate and then deflate, as investors try to bring a financial assets’ price in line with its estimated value.

Fear and greed, panic and optimism, stupidity and wisdom, all play a role in forming financial asset prices — as people are what they are. However, it is central banking that drives peoples’ dispositions and actions to extremes.

By pushing down the market interest rate below its natural level — which becomes chronic if and when the money supply is increased through bank credit expansion not backed by real savings —, central banks inevitably coax investors into becoming overly high-spirited.

In that sense, central banks are to be held responsible for aggravating, or even inducing, speculative bubbles. To make it even worse: Once the speculative bubble pops, people become dispirited. They blame the free market or capitalism for their plight.

They do not see — often misguided by mainstream economics — that the root cause of the trouble is central banks’ downward manipulation of market interest rates in the first place, which is made possible by central banks running an unbacked paper money system.

To conclude: The indisputable insight that central banking brings about a “Revaluation of all Values”, which is neither in the economic interest of the people nor ethically justifiable, should encourage efforts to put an end to central banking.

Any such effort must propagate the intellectual insight that central banking is very harmful to the society, and it also requires truly bold and determined action, for “We know that no one ever seizes power with the intention of relinquishing it,” as George Orwell put it.



Comedian Tommy Sotomayor joins Owen Shroyer on The War Room to expose SJWs’ inability to reason logically, unless it fits their political narrative.

Source: InfoWars

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Court orders Germany to press US over drone strikes

A court in Germany has ruled that the government should seek assurances from the United States that drone strikes controlled from German territory are in line with international law.

The Muenster state court ruled Tuesday that the German government should also, if necessary, press Washington to respect international law.

The case was brought by the European Center for Constitutional and Human Rights on behalf of three Yemeni plaintiffs who allege their relatives were killed in a U.S. drone strike in 2012.

Judges said available evidence suggests the Ramstein U.S. air base in southern Germany plays "a central role" for the relay of flight control data used for armed drone strikes in Yemen.

They rejected the plaintiffs' request to order a ban on the use of Ramstein for flying armed drones.

Source: Fox News National

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FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad
FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22, 2017. REUTERS/Mike Blake/File Photo

April 26, 2019

By Amit Dave and Mayank Bhardwaj

AHMEDABAD/NEW DELHI (Reuters) – PepsiCo Inc has sued four Indian farmers for cultivating a potato variety that the snack food and drinks maker claims infringes its patent, the company and the growers said on Friday.

Pepsi has sued the farmers for cultivating the FC5 potato variety, exclusively grown for its popular Lay’s potato chips. The FC5 variety has a lower moisture content required to make snacks such as potato chips.

PepsiCo is seeking more than 10 million rupees ($142,840.82) each for alleged patent infringement.

The farmers grow potatoes in the western state of Gujarat, a leading producer of India’s most consumed vegetable.

“We have been growing potatoes for a long time and we didn’t face this problem ever, as we’ve mostly been using the seeds saved from one harvest to plant the next year’s crop,” said Bipin Patel, one of the four farmers sued by Pepsi.

Patel did not say how he came by the PepsiCo variety.

A court in Ahmedabad, the business hub of Gujarat, on Friday agreed to hear the case on June 12, said Anand Yagnik, the lawyer for the farmers.

“In this instance, we took judicial recourse against people who were illegally dealing in our registered variety,” A PepsiCo India spokesman said. “This was done to protect our rights and safeguard the larger interest of farmers that are engaged with us and who are using and benefiting from seeds of our registered variety.”

PepsiCo, which set up its first potato chips plant in India in 1989, supplies the FC5 potato variety to a group of farmers who in turn sell their produce to the company at a fixed price.

The All India Kisan Sabha, or All India Farmers’ Forum, has asked the Indian government to protect the farmers.

The farmers’ forum has also called for a boycott of PepsiCo’s Lay’s chips and the company’s other products.

The Ministry of Agriculture & Farmers’ Welfare did not immediately respond to an email seeking comment.

PepsiCo is the second major U.S. company in India to face issues over patent infringement.

Stung by a long-standing intellectual property dispute, seed maker Monsanto, which is now owned by German drugmaker Bayer AG, withdrew from some businesses in India over a cotton-seed dispute with farmers, Reuters reported in 2017. (reut.rs/2ncBknn)

(Reporting by Amit Dave in AHMEDABAD and Mayank Bhardwaj in NEW DELHI; Editing by Martin Howell and Louise Heavens)

Source: OANN

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FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo

April 26, 2019

By P.J. Huffstutter and Shradha Singh

CHICAGO/BENGALURU (Reuters) – Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant’s profit, which tumbled 41 percent in the first quarter.

ADM said it was creating an ethanol subsidiary, which will include dry mills in Columbus, Nebraska; Cedar Rapids, Iowa; and Peoria, Illinois.

The ethanol subsidiary will report as an independent segment, the company said, allowing options “which may include, but are not limited to, a potential spin-off of the business to existing ADM shareholders.”

Results were hit by the “bomb cyclone” blizzards that devastated the Midwest and Great Plains this year, causing massive flooding across Nebraska, Iowa and Missouri, washing out rail lines and wreaking havoc in the moving and processing of corn, soybeans and wheat. One-sixth of U.S. ethanol production was halted.

In March, ADM warned Wall Street that flooding and severe winter weather in the U.S. Midwest would reduce its first-quarter operating profit by $50 million to $60 million.

“The first quarter proved more challenging than initially expected,” said Chairman and Chief Executive Officer Juan Luciano, with earnings down in its starches, sweeteners and bioproducts unit. Luciano said impacts of the severe weather ultimately “were on the high side of our initial estimates”.

Ongoing problems in the ethanol industry added to the problems and “limited margins and opportunities” for ADM, Luciano said.

The ethanol industry has been in the midst of a historic downswing due to the U.S.-China trade war, excess domestic supply and weak margins.

ADM, which had been an ethanol pioneer, signaled to Wall Street in 2016 that it was hunting for options and considering sales of its U.S. dry ethanol mills. Luciano told Reuters this year that offers ADM had received for the mills were too low.

In addition, ADM said it planned to repurpose its corn wet mill in Marshall, Minnesota, to produce higher volumes of food and industrial-grade starches.

Other major traders are alsy trying to distance themselves from struggling ethanol businesses. Louis Dreyfus Company BV spun off its Brazilian sugar and ethanol business Biosev in 2013. Rival Bunge sold its sugar book and has sought a buyer for its Brazilian mills since 2013.

ADM, which makes money trading, processing and transporting crops, such as corn, soybeans and wheat, has been looking to strengthen its core business. Last month it said it would seek voluntary early retirements of some North American employees and cut jobs as part of a restructuring effort.

The company expects to lower 2019 capital spending by 10 percent to between $800 million and $900 million.

Net earnings attributable to the company fell to $233 million, or 41 cents per share, in the three months ended March 31, from $393 million, or 70 cents per share, a year earlier.

Revenue fell to $15.30 billion from $15.53 billion. On an adjusted basis, the company earned 46 cents per share, while analysts on average had estimated 60 cents, according to IBES data from Refinitiv.

(Reporting by Shradha Singh in Bengaluru; Editing by Shounak Dasgupta, Chizu Nomiyama and David Gregorio)

Source: OANN

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The Slack app logo is seen on a smartphone in this illustration
FILE PHOTO: The Slack app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Slack Technologies Inc, operator of the popular workplace instant-messaging app, reported a loss of $140.7 million in the fiscal year ended Jan. 31, 2019, the company said on Friday in a regulatory filing ahead of its planned public market debut.

The company said its daily active users exceeded 10 million in the three months ended Jan. 31, 2019.

Slack expects to trade on the New York Stock Exchange under the symbol “SK”, it said.

The San Francisco-based company is seeking to go public via a direct listing, making it the second big technology company after Spotify Technology SA to bypass the traditional route of listing shares through an initial public offering.

A direct listing is a cheaper way of becoming a public company as the process requires fewer investment banks and therefore lower fees.

In a direct listing, however, a company does not sell any new shares to raise money. Instead, it gives existing shareholders the opportunity to cash out.

Slack is the latest in a string of high-profile technology companies looking to go public this year. Lyft Inc, Pinterest and Zoom Video Communications have completed IPOs so far in 2019.

The company is hoping for a valuation of more than $10 billion in the listing, Reuters had previously reported. Some early investors and employees have been selling the stock at around $28, valuing the company close to $17 billion, Kelly Rodriques, CEO of Forge, a brokerage company, told CNBC on Thursday.

Slack set a placeholder amount of $100 million to indicate the size of the IPO. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

Its competitors include Microsoft Teams, a free chat add-on for Microsoft’s Office365 users.

(Reporting By Aparajita Saxena and Joshua Franklin in New York; Editing by Leslie Adler and Anil D’Silva)

Source: OANN

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FILE PHOTO: Candidate Zelenskiy reacts following the announcement of an exit poll in Ukraine's presidential election in Kiev
FILE PHOTO: Ukrainian presidential candidate Volodymyr Zelenskiy reacts following the announcement of the first exit poll in a presidential election at his campaign headquarters in Kiev, Ukraine April 21, 2019. REUTERS/Valentyn Ogirenko/File Photo

April 26, 2019

By Matthias Williams

KIEV (Reuters) – Russia’s decision to make it easier for residents of rebel-controlled eastern Ukraine to obtain a Russian passport is meant to test Ukraine’s new leader and the West should not recognize the documents, Lithuania’s foreign minister said on Friday.

Russian President Vladimir Putin signed the order on facilitating passports on Wednesday, three days after comedian Volodymyr Zelenskiy, a political novice, won a landslide victory in Ukraine’s presidential election.

Linas Linkevicius, whose own country also has strained relations with Moscow, told Reuters in an interview that the West should consider imposing new sanctions on Russia.

“This is a blatant violation of international law. And basically also a kind of test to the new (Ukrainian) leadership, which is also a usual game,” Linkevicius said.

“The least we can do (is) we shouldn’t recognize these passports. How to do that technically, it’s another issue to discuss. Also (we need) to look at additional sanctions,” said Linkevicius, whose small Baltic nation is a member of NATO and the European Union.

Western nations imposed sanctions on Russia over its 2014 annexation of Ukraine’s Crimea region and its support for armed separatists battling Kiev’s forces in eastern Ukraine. Some 13,000 people have been killed in that conflict despite a notional ceasefire signed in Minsk in 2015.

Linkevicius, who in Kiev on Friday became the first minister of an EU country since Ukraine’s election to meet President-elect Zelenskiy, said they had discussed the passport issue.

Zelenskiy also raised the possibility of resetting the Minsk ceasefire agreement without giving any concessions to Russia, Linkevicius said.

“DANGEROUS CANCER” OF GRAFT

The minister urged Zelenskiy to deliver on his electoral promise of tackling corruption, which he described as the “most dangerous cancer” facing Ukraine, which hopes one day to join the EU.

Last month, Lithuania’s own relations with Russia came under renewed strain after a Vilnius court found former Soviet defense minister Dmitry Yazov, in absentia, guilty of war crimes and crimes against humanity for his role in a 1991 crackdown against Lithuania’s pro-independence movement.

Russia branded the verdict “extremely unfriendly and essentially provocative” and opened a probe into the judges involved.

Linkevicius accused Russia of seeking to politicize the judicial process by trying to take revenge on the judges, adding: “This is lamentable.”

(Editing by Gareth Jones)

Source: OANN

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A Cook County judge recently called out embattled State Attorney Kim Foxx for upholding a double standard by prosecuting a woman for filing a false police report — but dropping similar charges against embattled “Empire” actor Jussie Smollett.

Foxx has faced intense criticism over her office’s decision to drop a 16-count indictment against Smollett, just weeks after bringing the charges against the high-profile TV star. Foxx’s deal with Smollett, which did not require him to admit guilt, drew ire from the public, the city’s top cop and the former mayor who called it a “whitewash of justice.”

JUSSIE SMOLLETT CHICAGO PROSECUTOR KIM FOXX CHIDED BY NATIONAL ATTORNEYS GROUPS AFTER JUSSIE SMOLLETT CHARGES DROPPED 

Cook County Judge Marc Martin, who was presiding over an unrelated case, chastised Foxx and her office for creating a situation where anyone charged with filing a false report would expect the same leniency her office afforded Smollett.

Candace Clark, 21, is facing one felony count of making a false report. Prosecutors accused her of giving a friend access to her bank account and then telling authorities the money had been stolen. She denies the charges and claims she’s the victim of Foxx’s double standard — something the judge weighed in on.

“Well, Ms. Clark is not a movie star, she doesn’t have a high-price lawyer, although, her lawyer’s very good. And this smells, big time,” Martin said to prosecutors during a recent hearing, Fox 32 reported. “I didn’t create this mess, your office created this mess. And your explanation is unsatisfactory to this court. She’s being treated differently.”

The judge continued, “There’s no publicity on this case. She doesn’t have Mark Geragos as her lawyer or Ron Safer or Judge Brown. It’s not right. And (if) I proceed in this matter, you’re just digging yourselves further in a hole. (If the) press gets a hold of this, it’ll be in a newspaper. Why is Ms. Clark being treated differently than Mr. Smollett?”

Foxx recused herself from the Smollett case in February but continued to oversee the investigation through text messages with her assistant Joseph Magats.

The text messages revealed Foxx called Smollett a “washed up celeb who lied to cops.” They also show she cautioned Magats about throwing the book at Smollett.

“Sooo……I’m recused, but when people accuse us of overcharging cases…16 counts on a class 4 becomes exhibit A,” Foxx wrote to Magats on March 8.

“Pedophile with 4 victims 10 counts. Washed up celeb who lied to cops, 16. On a case eligible for deferred prosecution I think it’s indicative of something we should be looking at generally. Just because we can charge something doesn’t mean we should,” she added, referring to the case of R&B singer R. Kelly, who was indicted on 10 counts of aggravated criminal sexual abuse in connection with four women, three of whom were underage.

KIM FOXX’S CHIEF ETHICS OFFICER RESIGNS FOLLOWING SMOLLETT CONTROVERSY

President Trump said last month he asked for a federal review of Foxx’s decision to drop the charges against Smollett. He also called the actor “an absolute embarrassment to our country.”

The Smollett case garnered national attention and threatened to tear Chicago apart. It pit the police department and mayor against prosecutors and underscored the idea that wealthy people are somehow above the law.

Smollett told police he was attacked on Jan. 29 around 2 a.m. as he was returning home from a sandwich shop in Chicago. He said two masked men shouted racial and anti-gay slurs, poured bleach on him, beat him and tied a rope around his neck. He claimed they shouted, “This is MAGA country” — a reference to President Trump’s “Make America Great Again” campaign slogan.

CLICK HERE FOF THE FOX NEWS APP

After an intense investigation, police said Smollett staged the entire incident to drum up publicity for his career.

Smollett has strongly denied the accusations.

Source: Fox News National

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