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German cabinet agrees Weidmann can extend term at Bundesbank for eight years

German Bundesbank President Weidmann delivers a speech during a dinner of the Hellenic Bank Association in Athens
German Bundesbank President Jens Weidmann delivers a speech during a dinner of the Hellenic Bank Association in Athens, Greece, August 30, 2018. REUTERS/Alkis Konstantinidis

February 27, 2019

BERLIN (Reuters) – The German cabinet gave the green light on Wednesday for Bundesbank President Jens Weidmann to extend his term for another eight years, a government source said.

Weidmann’s first term expires at the end of April and the cabinet’s decision paves the way for him to stay for a second term.

The extension would in theory keep Weidmann in the mix as a possible successor to ECB chief Mario Draghi, whose job will become available at the end of October, though Bank of France Governor Francois Villeroy de Galhau is seen as frontrunner.

(Reporting by Holger Hansen; Writing by Michelle Martin; Editing by Madeline Chambers)

Source: OANN

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Viacom signs content distribution deal with T-Mobile

FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles
FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo

April 3, 2019

(Reuters) – Viacom Inc signed a content distribution agreement with T-Mobile US Inc, under which the media company’s brands including MTV and Nickelodeon would be available to the wireless carrier’s 80 million customers, the companies said on Wednesday.

The deal enables T-Mobile to bring together live feeds of Viacom’s channels as well as a broad range of on-demand content to T-Mobile’s customers.

Last month, Viacom renewed its carriage contract with AT&T Inc, avoiding a blackout of MTV, Nickelodeon and Comedy Central for users of the telecom carrier’s pay TV service DirecTV.

Viacom needed to resolve the AT&T contract before considering any other strategic moves, including a potential tie-up with CBS Corp, sources had told Reuters.

Shares of Viacom were up 1.5 percent at $29.26 before the bell.

(Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur)

Source: OANN

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Wynn makes $7.1 billion buyout play for Australian casino giant Crown

FILE PHOTO - The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne
FILE PHOTO - The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed/File Picture

April 9, 2019

By Byron Kaye and Tom Westbrook

SYDNEY (Reuters) – Australian casino giant Crown Resorts said on Tuesday it had received an indicative A$10 billion ($7.1 billion) takeover offer from Las Vegas’s Wynn Resorts, sending Crown’s shares soaring as investors bet on an even higher bid.

A sale would mark an end to Crown 47-percent owner James Packer’s 12-year foray into casinos after he re-badged his father’s media empire as a gambling concern in 2007. Packer quit the Crown board last year due to mental illness.

For Wynn, the deal would give the world’s second-largest casino company a foothold in a market popular with Chinese tourists, although a recent downturn in Chinese consumer spending has constrained Crown’s revenue and share price.

“Pricewise, you’d be looking for a little bit more than this,” said James McGlew, executive director of corporate stockbroking at Perth-based Argonaut Ltd, a Crown shareholder.

“This is what appears to be the opening salvo.”

A sale along the lines proposed by Wynn would be Australia’s biggest M&A deal so far this year.

Crown shares jumped 21 percent to A$14.19, their biggest intraday gain since the company re-listed with its current name. Even so, they were still below the indicative buyout price of A$14.75 due to uncertainty about whether a deal would eventuate.

“It’s a preliminary-style bid which doesn’t yet provide an adequate premium for control, and most would expect there to be both more debate about the strategic merit and pricing,” said Angus Gluskie, managing director of White Funds Management, which also holds Crown shares.

Crown said the talks with Wynn were at a preliminary stage and no agreement on value or structure had been reached.

Wynn was proposing to buy the company half in cash, half in shares, and the current proposal had not gone to the Crown board.

A Wynn spokesman declined to comment.

A spokesman for Consolidated Press Holdings, Packer’s company which holds his Crown shares, was also not immediately available for comment.

RETREAT

The sale at the current proposed price would fetch about A$4.7 billion for Packer, who in addition to Crown quit 22 company directorships last year in a remarkable retreat for the scion of a family which had been a fixture of corporate Australia most of the 20th century.

The deal would also provide some relief for Crown shareholders, who have seen their investment go sideways since late 2016 when 18 of the company’s staff were arrested in China for breaking laws banning casino marketing.

Crown has since pulled back from its Asia expansion plans – where it had competed with Wynn in the world’s biggest gambling destination of Macau – and instead relied on high-rolling Chinese tourists at home to grow profit.

The deal would put Wynn in charge of one of Australia’s most high profile developments, a A$2.2 billion luxury casino precinct called Barangaroo on the Sydney waterfront, which Crown has pitched as its future growth engine.

Wynn has properties in the United States and Macau, but over the past year it has ramped up promotion of a resort in Japan, a market seen as the next potential goldmine to Macau and a former expansion target for Crown.

The U.S. company has seen a series of shakeups following sexual misconduct claims against former CEO Steve Wynn. The company’s largest shareholder, Elaine Wynn, who co-founded the firm with her ex-husband, is agitating for changes on the board.

(Reporting by Byron Kaye, Tom Westbrook and Paulina Duran in SYDNEY and Devika Syamnath in BENGALURU; editing by Stephen Coates)

Source: OANN

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11 die as elevator cable snaps at work site in north China

Chinese state media say 11 workers were killed and two seriously injured when the cable on an elevator snapped at a construction site in northern China.

The Voice of China radio said the accident occurred early Thursday morning in the Hebei province city of Hengshui.

It is the latest in a series of industrial accidents this year that have killed scores of workers, underscoring shoddy enforcement of safety regulations and a desire to cut corners as the economy slows.

In March, 78 people were killed in a blast at a chemical plant in the Jiangsu province city of Yancheng that had numerous safety violations, making it one of China's worst industrial accidents in recent years.

Source: Fox News World

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NBA-76ers’ Simmons pays tribute to Australian ‘Egg Boy’

NBA: Philadelphia 76ers at Charlotte Hornets
Mar 19, 2019; Charlotte, NC, USA; Philadelphia 76ers guard Ben Simmons (25) argues a foul call in the first half against the Charlotte Hornets at Spectrum Center. Mandatory Credit: Jeremy Brevard-USA TODAY Sports

March 20, 2019

(Reuters) – The Philadelphia 76ers’ Ben Simmons displayed a message of support for an Australian teenager who smashed an egg on a right-wing lawmaker’s head, wearing shoes with the words “Egg Boy” written on them during Tuesday’s game against Charlotte.

Senator Fraser Anning was approached from behind at a political event on Saturday before the 17-year-old cracked the egg on the back of his head.

The teenager was dubbed “Egg Boy” on social media and Australian Simmons showed his support by writing the nickname on his bright yellow shoes.

Anning had received widespread condemnation following his comments that the cause of last week’s shootings at two New Zealand mosques that left 50 dead was letting “Muslim fanatics” migrate to the country.

Australian Brenton Harrison Tarrant, 28, a suspected white supremacist, was charged with murder on Saturday.

(Writing by Jahmal Corner in Los Angeles; Editing by Peter Rutherford)

Source: OANN

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Rep. Ted Lieu Admits There Is Not Enough Evidence To Impeach Trump

Democratic California Rep. Ted Lieu said during a Friday night appearance on “Hardball with Chris Matthews” that he doesn’t think there is currently enough evidence to impeach President Donald Trump.

Lieu’s comments came hours after special counsel Robert Mueller signaled the end of his investigation into Russian collusion with the Trump campaign.

WATCH:

“What’s the next step? I mean you’ve got the Congress decides on impeachment. The Speaker said it’s off the table. Is it back on the table or still off the table? Where’s impeachment? It’s now March, late March. Is it something that’s going to come up in the next couple months or not?” Matthews asked.

“The mission of special counsel Mueller is fairly narrow, right? He’s looking at whether he can get enough evidence to prove beyond a reasonable doubt that someone committed a federal crime,” Lieu answered. “The committees in Congress have a much broader mission. We want to know, ‘Did Donald Trump, his family or associates commit any crime, whether or not it was related to Russia? Second, did they engage in any ethical misconduct whether or not it rose to the level of a crime?'”

He continued, “Third, how to keep this from happening again and how to explain it to the American people? So our investigations are going to continue. Based on what we find, we’ll have a conversation with the American people and decide should we go forward or not with impeachment but we don’t have enough of a record to decide that question yet.”

Matthews followed up, “What’s winning right now? The case for impeachment or the case against it? What’s winning as of tonight?”

“I don’t think we have enough facts to go forward with impeachment,” Lieu concluded.

The special counsel submitted the report to Attorney General William Barr on Friday evening. It is now up to Barr to determine what lawmakers will see and when. He said he could share the report with lawmakers as soon as this weekend. (RELATED: Mueller Expected To Make Moves After The Midterms — Here’s What He Could Do)

The special counsel’s office indicted or obtained guilty pleas from 34 individuals throughout the course of the investigation, which began in May of 2017. Six Trump associates were either indicted or pleaded guilty in the probe; however, none faced charges related to conspiracy with Russia. Mueller reportedly did not recommend any additional amendments prior to the conclusion of the investigation.

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Source: The Daily Caller

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Florida man, 32, fakes robbery to get out of going into work: police

A Florida man went to extreme measures to get out of having to work Tuesday morning.

The Polk County Sheriff’s Office said they responded to a 911 call in Dundee for an armed robbery. The victim, identified as 32-year-old Brian Anderson, told responding deputies that two unknown suspects took his money, his necklace, and his cellphone.

Anderson said the suspected robbers then threw his phone on the ground and fled in a black Ford Crown Victoria.

FLORIDA HOMELESS MAN CALLS COPS TO REPORT HE PAID FOR SEX -- BUT GOT SCAMMED, POLICE SAY

“Deputies quickly learned that the robbery never happened, and Brian confessed that he made up the story because … you’d better [be] sitting down for this,” the sheriff’s office wrote in a Facebook post. “because he didn’t want to show up for his 11:00 a.m. shift at the restaurant he works.”

Anderson was arrested and charged with misuse of 911 and knowingly given false information to law enforcement.

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“On the bright side, Brian didn’t have to go to his 11:00 a.m. shift at the restaurant,” the sheriff’s office said.

Source: Fox News National

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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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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Democratic presidential candidate Elizabeth Warren suggested that doctors and nurses don’t treat African American women the same way they do white women.

Warren appeared on Wednesday together with a number of other 2020 Democratic candidates at the She The People Forum in Houston, discussing issues concerning women of color.

WARREN’S $1.25T EDUCATION PLAN ‘SWEEPING’ GIVEAWAY TO THE WEALTHY AT EXPENSE OF THE POOR, WAPO EDITORIAL BOARD SAYS

The Massachusetts senator announced on stage a plan to decrease the childbirth mortality rate among black women while identifying a systematic problem with how they are treated.

“And there is a specific problem, as you rightly identified, for women of color who are three, four times more likely to die in childbirth,” Warren said.

“And here’s the thing, even after we do the adjustments for income, for education, this is true across the board. This is true for well-educated African American women, for wealthy African American women, and the best studies that I’m seeing put it down to just one thing, prejudice,” she added.

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

— Elizabeth Warren

CHARLIE KIRK: WARREN AND OTHER DEMS OFFER FREE MONEY – BUT DON’T TELL YOU PRICE WILL BE YOUR FREEDOM

Warren went on to get into details of her plan, noting that hospitals will be given bonuses if they manage to reduce the childbirth mortality rate among black women in an effort to give financial incentives for those doctors and nurses to provide better care.

“And if they don’t, then they’re going to have money taken away from them,” Warren added.

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“I want to see the hospitals see it as their responsibility to address this problem head-on and make it a first priority. The best way to do that is to use the money to make it happen because we gotta have change, and we gotta have change now.”

Source: Fox News Politics

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