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Fitch says 737 Max grounding to hurt Asian airline industry more in second quarter

FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton
FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File Photo

April 5, 2019

(Reuters) – Fitch Ratings said on Friday the impact on the airline industry in Asia from the grounding of Boeing 737 Max jets has been muted so far but may worsen in the second quarter of 2019.

Boeing’s top-selling aircraft has been grounded worldwide since the March 10 Ethiopian Airlines disaster, which killed 157 people, and came just five months after a Lion Air crash in Indonesia that killed 189.

The grounding of the model has had a limited impact on the fares and performances of airlines in most markets due to seasonally low demand in the first quarter, Fitch said in its report.

It added that there is limited flexibility for airlines to switch to alternatives from Airbus or Boeing.

The Indian aviation market, however, has seen a sharp rise in air fares in the recent months due to tight supply, partly worsened by the suspension of the 737 MAX, Fitch said.

A preliminary report in the Ethiopian crash on Thursday showed that the doomed 737 MAX jet hit excessive speed and was forced downwards by a wrongly-triggered automation system as pilots wrestled to regain control.

(Reporting by Gaurika Juneja and Kanishka Singh in Bengaluru; Editing by Gopakumar Warrier)

Source: OANN

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Indian, Australian warships arrive in China for naval parade

The Royal Australian Navy's Adelaide class guided missile frigate HMAS Melbourne (III) arrives at Qingdao Port
The Royal Australian Navy's Adelaide class guided missile frigate HMAS Melbourne (III) arrives at Qingdao Port for the 70th anniversary celebrations of the founding of the Chinese People's Liberation Army Navy (PLAN), in Qingdao, China, April 21, 2019. REUTERS/Jason Lee

April 21, 2019

By Ben Blanchard

QINGDAO, China (Reuters) – Warships from India, Australia and several other nations arrived in the eastern Chinese port city of Qingdao on Sunday to attend a naval parade, part of a goodwill visit as China extends the hand of friendship despite regional tensions and suspicions.

China on Tuesday will mark 70 years since the founding of the People’s Liberation Army Navy, where it will show off new warships including nuclear submarines and destroyers at a major review in the waters off Qingdao.

China says warships from about a dozen nations are also taking part – one diplomatic source with direct knowledge said it was 13 countries in total – and the PLA is putting its best foot forward to welcome them.

India, which has been at odds with China over their disputed land border and Beijing’s support for India’s regional rival Pakistan, has sent stealth guided-missile destroyer the “INS Kolkata” to take part, along with a supply ship.

“We bring to you one of the best ships that we have made. It is the pride of the nation and the navy, and we are very happy to be here,” Captain Aditya Hara told reporters on the dockside after disembarking from the ship in Qingdao.

A source familiar with the situation told Reuters the “Kolkata” had sailed through the Taiwan Strait to get to Qingdao, a sensitive waterway that separates China from self-ruled Taiwan, claimed by Beijing as sacred Chinese territory.

“We headed on a direct route and we are very happy that we were facilitated by the PLA Navy and they ensured that we had a safe passage to Qingdao,” Hara said, when asked if they had sailed via the Taiwan Strait.

Australia, a close U.S. ally, has sent the “HMAS Melbourne” guided-missile frigate to Qingdao, though officials declined to make the captain available for interview.

China and Australia have sparred over Australian suspicions of Chinese interference in the country’s politics and Australia’s banning of China’s Huawei Technologies Co Ltd from supplying equipment for its planned 5G broadband network.

Japan has also sent a destroyer to Qingdao, in the first visit of a Japanese navy ship to China since 2011, according to Japanese media.

Ties between China and Japan, the world’s second and third-largest economies, have been plagued by a long-running territorial dispute over a cluster of East China Sea islets and suspicion in China about Japanese Prime Minister Shinzo Abe’s efforts to amend Japan’s pacifist constitution.

But they have sought to improve relations more recently, with Abe visiting Beijing in October, when both countries pledged to forge closer ties and signed a broad range of agreements including a $30 billion currency swap pact.

The other countries taking part include China’s close friend Russia, and three countries which have sparred with China over competing claims in the disputed South China Sea: Vietnam, Malaysia and the Philippines.

Pakistan, a very close Chinese ally, is not on the list of countries officials have provided which are sending ships to the parade.

(Reporting by Ben Blanchard; Editing by Christopher Cushing)

Source: OANN

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Swampy: Ocasio-Cortez Reportedly Used PAC To Funnel Cash To Boyfriend

Socialist Rep. Alexandria Ocasio-Cortez (D-N.Y.) used a political action committee (PAC) to funnel campaign funds back to her boyfriend, according to reports.

Republican strategist Luke Thompson first made known on Twitter last week that Ocasio-Cortez’s boyfriend Riley Roberts had a house.gov email address and was designated as one of her “Staff,” therefore “drawing a salary on the taxpayer’s dime.”

The revelation was met with fierce opposition by Ocasio-Cortez and her Chief of Staff Saikat Chakrabarti, who accused Thompson of “doxxing” Roberts despite the information being publicly available, and failed to explain why Roberts would need such access.

Per the House Admin office, a family member can, in special circumstances, get a house.gov email address,” Thompson reported Wednesday.

“But Roberts is not a family member, and although AOC referred to him as her partner in November of last year, she omitted him from her mandatory candidate financial disclosures for 2017 and 2018. Perhaps they’ve gotten married since. If so — if he is her spouse now — we should see his finances disclosed along with hers in her 2019 disclosure form due in May. But to be clear, AOC did not disclose Roberts’s finances as a spouse during her campaign.”

As Chakrabarti noted, Roberts also isn’t an unpaid volunteer and “isn’t doing any government work.”

Additionally, instead of producing the appropriate evidence to refute Thompson’s claims, the mainstream media attempted to provide cover for Ocasio-Cortez using their own talking points.

Instead of asking if Roberts had been supplied with the badge and pin appropriate to a Congressional spouse, evidence of which her office should have been able to produce easily, AOC’s worshipful stenographers in the press went into overdrive witlessly repeating her talking-points,” Thompson wrote.

Former chairman of the House Oversight Committee Jason Chaffetz said Friday that such an arrangement was “inappropriate.”

“It’s totally naïve and inappropriate – you wouldn’t allow it in most companies, let alone the House of Representatives. There should be real consequences,” he told Fox News.

“When I was in the House, my scheduler would forward my wife my schedule once a week. But you’re not allowed unfettered access. And he isn’t even her spouse…It should be referred to the ethics committee for further investigation,” he added.

It gets deeper: Chakrabarti co-founded a PAC called Brand New Congress LLC in 2017, which Ocasio-Cortez paid for “strategic consulting” for her campaign.

Brand New Congress LLC then hired Roberts as a “marketing consultant” for AOC’s campaign, paying him approximately $6,000.

Why would Chakrabarti, a founding engineer at Stripe and a wealthy veteran of Silicon Valley, be hiring a no-name ‘UX Experience’ guy with little discernible marketing experience to serve as Brand New Congress PAC’s sole marketing consultant?” Thompson asked.

The answer seems to be that Chakrabarti was funneling money paid to him by AOC’s campaign back to Roberts and by extension to AOC,” Thompson wrote.

In effect, Chakrabarti likely reimbursed AOC through Brand New Congress LLC to mitigate her campaign’s mounting debt, he says.

Regardless of whether or not Roberts was officially AOC’s spouse at that time, it seems probable Chakrabarti was reimbursing her for her campaign expenses off-books. Brand New Congress PAC simply served as a pass-through to do so,” Thompson continued.

After Ocasio-Cortez won in the 2018 midterms, she then hired Chakrabarti as her Chief of Staff.

That’s definitely unethical and potentially illegal,” Thompson wrote. “Chakrabarti may have made an illegal campaign contribution in excess of federal limits. Regardless, it raises questions about Chakrabarti’s hiring as AOC’s Chief of Staff after her election.”

A shocking aspect of this is that the mainstream media failed to uncover (or simply ignored) any of this information despite the fact it was publicly available for scrutiny.

For now, it appears AOC is adjusting to the swamp just fine.


Twitter: 

Democrats continue the calls to remove President Trump even citing the 25th Amendment as reason for his removal. Owen Shroyer exposes their motive is to cover their own criminality.

Source: InfoWars

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YouTube Mistakenly Tags Notre Dame Fire Video As ‘9/11 Conspiracy’

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Source: InfoWars

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China expected to propose $30 billion more agriculture imports from U.S.: Bloomberg

A bushel of soybeans are shown on display in the Monsanto research facility in Creve Coeur
FILE PHOTO: A bushel of soybeans are shown on display in the Monsanto research facility in Creve Coeur, Missouri, July 28, 2014. REUTERS/Tom Gannam

February 21, 2019

Source: OANN

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Poland ruling party pledges more welfare spending ahead of vote

Jaroslaw Kaczynski, the leader of the ruling Law and Justice party speaks on a mobile phone during a session at the Parliament in Warsaw
Jaroslaw Kaczynski, the leader of the ruling Law and Justice (PiS) party speaks on a mobile phone during a session at the Parliament in Warsaw, Poland January 30, 2019. Agencja Gazeta/Slawomr Kaminski via REUTERS

February 23, 2019

WARSAW (Reuters) – Poland’s nationalist ruling party pledged on Saturday to increase public spending by up to $10 billion a year, raising child subsidies, state pensions and transport infrastructure as part of a campaign ahead of this year’s parliamentary election.

The eurosceptic Law and Justice (PiS) party won power in 2015 in part because of wide public support for its expansive welfare programs and promises of more economic equality.

With a general election due in late 2019, PiS remains the most popular party in Poland but a string of scandals has eroded its support, raising some doubts whether it can retain its parliamentary majority. PiS leader Jaroslaw Kaczynski said the party was offering voters all it could.

“A person whose pockets are empty isn’t free,” Kaczynski, Poland’s de facto leader, told supporters at a party convention. “We are filling these pockets, within what’s possible.”

Kaczynski said most of the spending increases would take place in coming months and include an income tax exemption for workers younger than 26 years old.

Prime Minister Mateusz Morawiecki said the proposals would increase state spending by 30 billion-40 billion zloty ($7.8 billion-$10.5 billion) a year. Poland’s 2019 budget deficit is capped at 28.5 billion zloty.

($1 = 3.8258 zlotys)

(Reporting by Justyna Pawlak; Editing by Peter Graff)

Source: OANN

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Howard Schultz on border conditions: ‘A fracturing of American values and of humanity’

Billionaire Howard Schultz spoke about border security on Thursday during a Fox News town hall.

The lifelong Democrat and former chairman and CEO of Starbucks is considering a third-party run for president, and his answers reflected his values.

“It’s a question of humanity and legal immigration,” he said, responding to the issue of border security.

He said he went down to the southern border with Mexico,  and “what I saw is a fracturing of American values and of humanity.”

WHO IS BILLIONAIRE STARBUCKS MAN HOWARD SCHULTZ?

With views straddling both sides of a deep political divide, he said, “We need fierce, strict levels of control on that border,” a position that squares with that of the GOP. But he also said America must stop the separation of families at the border, while disagreeing with Democrats who want to suspend funding of Immigration and Customs Enforcement (ICE).

Homeland Security officials have been grappling with an ever-growing number of Central American children and families coming over the border. Arrests soared in February to a 12-year-high and more than half of those stopped arrived as families, many of them asylum seekers who generally turn themselves in instead of trying to elude capture. Guatemala and Honduras have replaced Mexico as the top countries for these migrants, a remarkable shift from only a few years ago.

Schultz announced on "60 Minutes" in late January that he was mulling an independent bid for the White House, and the reaction from Dems, who fear he'll divide voters and help cement a second Trump term, has been chilly.

CLICK TO GET THE FOX NEWS APP

The Associated Press contributed to this report.

Source: Fox News Politics

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

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

By Jan Wolfe and Richard Cowan

(Reuters) – The “i word” – impeachment – is swirling around the U.S. Congress since the release of Special Counsel Robert Mueller’s redacted Russia report, which painted a picture of lies, threats and confusion in Donald Trump’s White House.

Some Democrats say trying to remove Trump from office would be a waste of time because his fellow Republicans still have majority control of the Senate. Other Democrats argue they have a moral obligation at least to try to impeach, even though Mueller did not charge Trump with conspiring with Russia in the 2016 U.S. election or with obstruction of justice.

Whether or not the Democrats decide to go down this risky path, here is how the impeachment process works.

WHAT ARE GROUNDS FOR IMPEACHMENT?

The U.S. Constitution says the president can be removed from office by Congress for “treason, bribery, or other high crimes and misdemeanors.” Exactly what that means is unclear.

Before he became president in 1974, replacing Republican Richard Nixon who resigned over the Watergate scandal, Gerald Ford said: “An impeachable offense is whatever a majority of the House of Representatives considers it to be at a given moment in history.”

Frank Bowman, a University of Missouri law professor and author of a forthcoming book on the history of impeachment, said Congress could look beyond criminal laws in defining “high crimes and misdemeanors.” Historically, it can encompass corruption and other abuses, including trying to obstruct judicial proceedings.

HOW DOES IMPEACHMENT PLAY OUT?

The term impeachment is often interpreted as simply removing a president from office, but that is not strictly accurate.

Impeachment technically refers to the 435-member House of Representatives approving formal charges against a president.

The House effectively acts as accuser – voting on whether to bring specific charges. An impeachment resolution, known as “articles of impeachment,” is like an indictment in a criminal case. A simple majority vote is needed in the House to impeach.

The Senate then conducts a trial. House members act as the prosecutors, with senators as the jurors. The chief justice of the U.S. Supreme Court presides over the trial. A two-thirds majority vote is required in the 100-member Senate to convict and remove a president from office.

No president has ever been removed from office as a direct result of an impeachment and conviction by Congress.

Nixon quit in 1974 rather than face impeachment. Presidents Andrew Johnson in 1868 and Bill Clinton in 1998 were impeached by the House, but both stayed in office after the Senate acquitted them.

Obstruction of justice was one charge against Clinton, who faced allegations of lying under oath about his relationship with White House intern Monica Lewinsky. Obstruction was also included in the articles of impeachment against Nixon.

CAN THE SUPREME COURT OVERTURN?

No.

Trump said on Twitter on Wednesday that he would ask the Supreme Court to intervene if Democrats tried to impeach him. But America’s founders explicitly rejected making a Senate conviction appealable to the federal judiciary, Bowman said.

“They quite plainly decided this is a political process and it is ultimately a political judgment,” Bowman said.

“So when Trump suggests there is any judicial remedy for impeachment, he is just wrong.”

PROOF OF WRONGDOING?

In a typical criminal court case, jurors are told to convict only if there is “proof beyond a reasonable doubt,” a fairly stringent standard.

Impeachment proceedings are different. The House and Senate “can decide on whatever burden of proof they want,” Bowman said. “There is no agreement on what the burden should be.”

PARTY BREAKDOWN IN CONGRESS?

Right now, there are 235 Democrats, 197 Republicans and three vacancies in the House. As a result, the Democratic majority could vote to impeach Trump without any Republican votes.

In 1998, when Republicans had a House majority, the chamber voted largely along party lines to impeach Clinton, a Democrat.

The Senate now has 53 Republicans, 45 Democrats and two independents who usually vote with Democrats. Conviction and removal of a president would requires 67 votes. So that means for Trump to be impeached, at least 20 Republicans and all the Democrats and independents would have to vote against him.

WHO BECOMES PRESIDENT IF TRUMP IS REMOVED?

A Senate conviction removing Trump from office would elevate Vice President Mike Pence to the presidency to fill out Trump’s term, which ends on Jan. 20, 2021.

(Reporting by Jan Wolfe and Richard Cowan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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New England Patriots owner Robert Kraft attends a conference at the Cannes Lions Festival in Cannes
FILE PHOTO: New England Patriots owner Robert Kraft attends a conference at the Cannes Lions Festival in Cannes, France, June 23, 2017. REUTERS/Eric Gaillard

April 26, 2019

(Reuters) – New England Patriots owner Robert Kraft’s lawyers on Friday are set to ask a Florida judge to toss out hidden-camera videos that prosecutors say show the 77-year-old billionaire receiving sexual favors for money inside a Florida massage parlor.

The owner of the reigning Super Bowl champions plans wants the video to not be used as evidence against him as he contests two misdemeanor counts of soliciting prostitution at the Orchids of Asia Spa in Jupiter, Florida, along with some two dozen other men.

His legal team is fresh off a win on Tuesday, when they successfully persuaded Palm Beach County Judge Leonard Hanser to block prosecutors from releasing the hidden-camera footage to media outlets, which had requested copies under the state’s robust open records law.

Kraft, who has owned the franchise since 1994, pleaded not guilty, but has issued a public apology for his actions.

His attorneys have argued in court papers that the surreptitious videotaping of customers, including Kraft, inside a massage parlor was governmental overreach and the result of an illegally obtained search warrant.

The warrant, Kraft’s lawyers claim, was secured under false pretenses because police officers cited human trafficking as a potential crime in their application. Prosecutors have since acknowledged that the investigation yielded no evidence of trafficking.

Palm Beach County prosecutors in a court filing on Wednesday said Kraft’s motion should be rejected because he could not have had any expectation of privacy while visiting a commercial establishment to engage in criminal activity.

That prompted an indignant response from Kraft’s attorneys, who said the prosecution’s position on privacy was “unhinged.”

“It should go without saying that Mr. Kraft and everyone else in the United States have a reasonable expectation that the government will not secretly spy on them while they undress behind closed doors,” they wrote.

(Reporting by Joseph Ax, editing by G Crosse)

Source: OANN

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