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Valerie Plame, outed CIA agent and Trump critic, plans US Senate run in New Mexico: report

Valerie Plame, the former CIA operative who was at the center of an intelligence leak when her identity was publically revealed during the George W. Bush administration, plans to run for a U.S. Senate seat in New Mexico as a Democrat, according to reports.

Plame told the Washington Examiner on Friday that she would "like another opportunity to serve my country." Her disclosure follows the announcement Monday by U.S. Sen. Tom Udall, D-N.M., that he will not seek re-election.

Plame, 55, has a been vocal critic of President Trump, at one point raising nearly $90,000 on a crowdsourcing site to buy a stake in Twitter in hopes of banning the president from the social media platform. She also hosted a fundraiser for Hillary Clinton’s super PAC in 2014 and another for Clinton's presidential campaign.

FORMER CIA OPERATIVE VALERIE PLAME WILSON 'FELT HIT IN THE GUT' WHEN IDENTITY WAS REVEALED

But Plame could face a revival of the anti-Semitism allegations she faced in 2017 after retweeting an article in the Unz Review titled “America’s Jews Are Driving America’s Wars.” (The website was founded by former California GOP gubernatorial candidate Ron Unz.)

“First of all, calm down. Re-tweets don't imply endorsement,” Plame said in her initial response. “Yes, very provocative, but thoughtful. Many neocon hawks ARE Jewish." She later added: "OK folks, look, I messed up. I skimmed this piece, zeroed in on the neocon criticism, and shared it without seeing and considering the rest."

She later apologized and resigned from the board of the Ploughshares Fund, which provides grants for projects aimed at preventing the spread of nuclear weapons, according to the Examiner.

The ex-spy moved to New Mexico in 2007 after making headline following her outing during the Bush presidency. Journalist Robert Novak revealed Plame’s identity in a 2003 column that cited “two administrative officials” as sources. Plame claimed the revelation was payback from the Bush administration for an op-ed authored by her then-husband, former U.S. ambassador Joe Wilson, that questioned the intelligence used to invade Iraq.

Lewis “Scooter” Libby, former chief of staff to Vice President Dick Cheney, was convicted in 2007 of perjury, obstruction of justice and making false statements in connection with the leak. He was pardoned last year by President Trump. Plame later wrote a best-selling memoir, "Fair Game," about the ordeal that was made into a movie.

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In 2017, Plame and Wilson quietly divorced after nearly two decades of marriage, the Examiner reported.

Others contemplating bids for Udall’s seat include Rep. Ben Ray Lujan, New Mexico's Democratic Secretary of State Maggie Toulouse Oliver and freshman Democratic Rep. Deb Haaland, the news site said.

Possible Republican opponents include Mick Rich, a former Senate candidate and former New Mexico Lt. Gov John Sanchez.

Source: Fox News Politics

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Instagram Suppresses Pro-Life Comic As Leftists Call To Censor Artist

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Syria criticized US senator' comment on Golan Heights

Syria's Foreign Ministry is blasting U.S. Sen. Lindsey Graham for his comments in which he vowed to push for U.S. recognition of Israeli sovereignty over the Golan Heights calling them "arrogant" and stressing that Israeli occupation will eventually end.

The ministry's statement on Tuesday said that according to the United Nations, the Golan Heights are considered Syrian occupied lands.

The South Carolina Republican said Monday he aimed to change the current U.S.-designation of the Golan, which Israel captured from Syria in 1967, as disputed territory. He spoke during a tour of the frontier with Israeli Prime Minister Benjamin Netanyahu.

Israel annexed the Golan Heights in 1981, a move not recognized by most of the international community.

The ministry said Golan residents are determined to continue the struggle until liberation.

Source: Fox News World

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Iran hunts for more ships to keep its oil flowing

FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf
FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo

March 13, 2019

By Jonathan Saul and Parisa Hafezi

LONDON/DUBAI (Reuters) – Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western sources said.

Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with South Korea for up to 10 new supertankers have stalled, Panama has removed at least 21 Iranian tankers from its registry and Tehran is now looking for extra vessels in places such as Vietnam, the sources said.

Washington has put restrictions on Iran’s port, energy and shipping sectors but it has given waivers to the country’s eight biggest oil customers, which include China, India and Japan, so they can keep buying Iranian crude.

With oil exports accounting for an estimated 70 percent of Iran’s revenues, maintaining an effective fleet of tankers to store and move that oil is crucial for Tehran.

But potential sellers of used vessels are more wary this time round after a Greek network that helped Iran buy tankers under previous sanctions was blacklisted. Western insurers are also steering clear, complicating Iran’s attempts to export crude to U.S.-approved buyers.

If Iran runs into difficulties exporting its oil it could have a significant impact. Besides the importance of oil for its budget, Iran is estimated to produce about 2.8 million barrels a day, more than 9 percent of OPEC’s output.

“Whatever sector you look at, companies will keep in mind being cut off from the U.S. financial system when deciding whether to trade with Iran,” said Mehdi Varzi, an independent oil consultant who has previously worked at the state-run National Iranian Oil Co http://en.nioc.ir/Portal/Home.

‘HAPPY TO DO BUSINESS’

Israel warned this month that its navy could take action against Iran, which it said was smuggling oil using clandestine measures similar to those employed during the previous round of sanctions.

According to maritime specialists, methods used for skirting sanctions in the past have included changing the names of ships, switching off AIS (Automatic Identification System) location transponders and conducting ship-to-ship transfers of oil.

Since the previous round of sanctions in 2012, ship tracking has become more sophisticated and more available. Washington has also cracked down on more Iranian networks, making it riskier to get involved with Iran, according to bankers.

Iran reached an agreement with world powers in 2015 over its nuclear program which led to the lifting of sanctions in 2016 but Trump pulled out of the deal in May last year and reimposed U.S. restrictions in November.

“Many big oil traders are very worried about going into Iran due to Trump, and even the Chinese are trying to comply with what the Americans want,” said Varzi, who is based in Britain.

A senior Iranian official played down the threat to its oil exports because of pressure on its fleet.

“Plenty of countries are happy to do business with Iran,” the official said. “As we have done in the past, there are several ways to overcome the shortage, including using tankers of other countries.”

MORE SCRUTINY

A second Iranian official said discussions with South Korea over the possibility of ordering as many as 10 supertankers, each able to carry up to 2 million barrels of oil, had been delayed by U.S. sanctions.

“We are working on it,” the official said.

A South Korean government official had no comment on the matter.

After Western sanctions were lifted, Iran also started talks with South Korea’s Daewoo Shipbuilding and Marine Engineering Co. <042660.KS> about forming a joint venture to establish a shipyard in Iran.

A spokesman for Daewoo said it signed a preliminary agreement with Iran in December 2016 to cooperate on developing the shipyard, but said no progress had been made since then. A third Iranian official said talks were still ongoing.

According to one shipping source, Iran has been searching for more ships in places such as Vietnam and two sources said it had also been looking for middlemen in the Greek market, one of the main hubs for second-hand ship deals.

“Iran has been looking for ships, but this time round it is going to be harder – there is so much more scrutiny now. It is going to take them longer,” one of the shipping sources said.

When asked about Iran’s efforts to secure ships, a third Iranian source said they were looking at all options.

Vietnamese officials did not respond to requests for comment.

Iran has more than 50 tankers, but needs them for both transporting oil and storing unsold stocks in its territorial waters – given its limited onshore storage capacity.

Data based on AIS tracking by shipping intelligence platform MarineTraffic showed 12 Iranian tankers, or more than a fifth of its fleet, were being used for floating storage in March.

‘FLOATING LIABILITY’

Iran is struggling to keep its ships flagged to foreign registries too. All commercial ships have to be registered – flagged in a particular country – partly to comply with safety and environmental laws.

Following the reimposition of sanctions, Panama, the world’s leading flag state for commercial shipping, decided to de-flag Iran’s ships, a fourth Iranian official said. Shipping data shows nearly all Iran’s tankers had been registered with Panama.

A source at Panama’s flag registry said the cancellation, “affects approximately 60 Panama registered ships that are related to Iranian and Syrian owners”. The source did not provide further details.

A U.S Treasury spokesperson said: “We intend to fully enforce these sanctions and we encourage the cooperation and compliance of our allies and partners.”

Renewed U.S. sanctions have also meant Iran has been unable to secure vital certification services from foreign providers to ensure its ships remain seaworthy, shipping officials said.

Shipping records show that 16 of Iran’s tankers are at least 19 years old – and three of those vessels have been in service since 1996.

Iranian tanker Sanchi sank off China in 2018 after colliding with another vessel while five of the eight tankers Iran bought via the Greek network under previous sanctions have since been scrapped, adding to the need for more ships to fill the gaps.

U.S. Special Representative for Iran, Brian Hook, described Iran’s tanker sector as a “floating liability” in November.

IRANIAN FLAG

Shipping data showed at least two Panama flagged tankers – the Sarak and the Sobar – were re-flagged to Iran on Jan. 1. The owners of the vessels, who were listed in the British Virgin Islands, could not be contacted.

More than 20 other tankers in Iran’s fleet have been reflagged to Iran this year.

Having its tankers flagged in Iran rather than a third country such as Panama presents further problems for Tehran, even if it can secure more vessels and approved buyers for its oil, shipping experts say.

Besides China, India and Japan, Washington also gave South Korea, Taiwan, Turkey, Italy and Greece the green light to keep buying Iranian oil, although it’s unclear whether these waivers will be renewed when they expire in May.

Dealing with Iran’s flag registry raises compliance issues for counterparties as there is a risk they might interact with individuals or entities blacklisted under U.S. sanctions.

And with few buyers now willing to take all the commercial risks involved in oil sales, Iran is also having to cover the shipment of cargoes, including securing insurance in most instances, shipping sources said.

Mike Salthouse with the International Group https://www.igpandi.org, which represents companies that insure about 90 percent of the world’s commercial shipping, said Western insurers were very unlikely to do business with Iranian shipping companies.

“The biggest problem for insurers these days is finding a bank willing to handle a payment for goods or services where the beneficiary is designated by the U.S.,” said Salthouse, chairman of the International Group’s sanctions sub-committee.

“Banks will not engage when you mention the Iran word.”

(Additional reporting by Jane Chung in Seoul, James Pearson and Khanh Vu in Hanoi, Elida Moreno in Panama City and Michelle Nichols in New York; editing by David Clarke)

Source: OANN

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Kazakhstan’s president resigns after holding power for more than 30 years

President Nursultan Nazarbayev of Kazakhstan, who led the oil-rich nation since the fall of the Soviet Union, announced Tuesday that he will terminate his rule as president, leaving uncertainty in a nation that’s had the same ruler for 30 years.

In a surprise televised address, Nazarbayev, 78, failed to give a specific reason for his “difficult” decision to step down but assured the Central Asian nation that, after decades of service, his mission is to successfully transition power to a new generation.

COURT PUTS KAZAKH ACTIVIST UNDER HOUSE ARREST

"It was an honor for me to serve the people," Nazarbayev said. "I have worked hard to fulfill the nation's will."

Nazarbayev announced that the upper house speaker, Kassym-Jomart Tokayev, will assume power as the head of state until the next presidential election, as the nation’s constitution mandates. Tokayev previously served as prime minister and foreign minister in addition to working as the director-general of the United Nations office in Geneva between 2011 and 2013.

Despite his resignation, Nazarbayev maintains significant political influence in Kazakhstan as the chairman of the Security Council and the leader of the ruling Nur Otan party. Nazarbayev, who won uncontested presidential elections in the 1990s, affirmed that he will always be involved in government.

"I will serve you until the end of my days," Nazarbayev said.

Spearheading oil deals between Kazakhstan and China, Nazarbayev, in 2005, inaugurated a 620-mile pipeline that carries oil from Kazakhstan into western China. Bordering Russian and China, Kazakhstan’s extensive oil reserves and massive landmass of 1 million square miles give the nation a strategic and economic advantage.

First beginning his political rule as the chief of the Communist Party in 1989, Nazarbayev later became the elected president and consolidated power during times of ethnic unrest and economic turmoil before the turn of the century.

In 2004, Nazarbayev’s Nur Otan party retained the seats necessary to control the lower house of parliament in an election widely criticized on the international stage, and, in 2015, Nazarbayev was re-elected with 97.7 percent of the vote.

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Home to roughly 18 million people, Kazakhstan has been criticized for its status as a democracy, as many political opposition leaders have been jailed, exiled or painted by the state media as inciting an overthrow of the government, according to Kazakhstan’s BBC News profile.

The Associated Press contributed to this report.

Source: Fox News World

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The Latest: Ex-cop’s partner explains delay in citing thump

The Latest on the trial of a former Minneapolis police officer in the fatal shooting of an unarmed woman who had called 911 (all times local):

4:40 p.m.

The partner of a Minneapolis police officer who fatally shot an unarmed woman is explaining why he didn't tell other officers at the scene about a thump on the officers' squad car he says he heard right before the shooting.

Officer Matthew Harrity is a key witness at the murder and manslaughter trial of Mohamed Noor. Noor fired a single shot in July 2017 that killed Justine Ruszczyk Damond, when she approached the officers' squad car minutes after calling 911 to report a possible rape behind her home.

Harrity testified Thursday that he feared an ambush after hearing the thump. In explaining why he didn't mention the thump in the aftermath of the shooting, Harrity said he was required to give only a brief public safety statement at the scene.

Harrity says he knew from training that he would be giving a full statement in days to come.

Ruszczyk Damond was a dual citizen of the U.S. and Australia and her death sparked anger in both countries. Noor was fired from the Minneapolis police force after being charged in her death.

___

12:50 p.m.

The partner of a former Minneapolis police officer who shot and killed an unarmed woman says he was startled by a thump on the officers' squad car and feared a possible ambush.

Officer Matthew Harrity is a key witness at the trial of Mohamed Noor. Noor killed Justine Ruszczyk Damond with a single shot as she approached the officers' squad car in July 2017. Damond was a dual citizen of the U.S. and Australia who had called 911 to report a possible sexual assault in the alley behind her home.

Defense attorneys have said Noor was reacting to a noise and feared an ambush when he fired his weapon.

Harrity was driving the police SUV. In his testimony Thursday, he described a glimpse of something to his left, then hearing something hitting the car and "some sort of murmur."

He said he immediately drew his gun. Harrity said that's when Noor fired.

___

11:27 a.m.

The partner of a Minneapolis police officer who shot and killed an unarmed woman who had called 911 to report a possible rape near her home is describing the moments before the shooting.

Officer Matthew Harrity is a critical witness in the trial of Mohamed Noor. Noor killed Justine Ruszczyk Damond with a single shot as she approached the officers' squad car in July 2017.

Harrity testified Thursday that he and Noor were rolling down the alley behind Damond's house searching for anything related to the 911 call of a woman in trouble. Harrity testified he had pulled the hood off his gun's holster in case he needed to draw it.

Asked why, Harrity said he considers every call a threat until it's not.

His testimony is continuing.

Source: Fox News National

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Spring training roundup: Franco leads Phils over Rays

MLB: Philadelphia Phillies-Workouts
Feb 21, 2019; Clearwater, FL, USA; Philadelphia Phillies third baseman Maikel Franco (7) fields a ground ball during spring training at Spectrum Field. Mandatory Credit: Butch Dill-USA TODAY Sports

February 23, 2019

Philadelphia third baseman Maikel Franco homered as the Phillies beat the Tampa Bay Rays 3-2 in both teams’ spring training openers on Friday afternoon at Charlotte Sports Park in Port Charlotte, Fla.

Shaking off an offseason of trade rumors and uncertainly as his team publicly courted free agent infielder Manny Machado, who signed with the San Diego Padres this week, Franco knocked in two runs for the Phillies. Tommy Pham double twice in three at-bats for the Rays.

Mariners 8, A’s 1

Mitch Haniger slugged a first-inning home run and drove in two runs as Seattle officially opened its spring schedule by routing Oakland. Kyle Seager went 2-for-2 with a double, and minor-leaguer Tim Lopes had three hits for Seattle. Sean Murphy homered for the A’s.

The two teams were rained out Thursday in what was to be their spring opener.

–Field Level Media

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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Cyprus police on Friday widened their search for more victims of a suspected serial killer after the 35-year-old national guard captain told investigators he killed four more people that he previously admitted to on the small Mediterranean nation.

The count now has climbed to seven.

CYPRUS FEARS POSSIBLE SERIAL KILLER AFTER BODIES OF TWO WOMEN ARE DISCOVERED IN MINESHAFT

Authorities said they are focusing on a military firing range, a man-made lake and an abandoned mine about 20 miles west of the capital Nicosia.

Cypriot President Nicos Anastasiades expressed “deep sorrow and concern” at the slayings and said he shared the public’s revulsion at “murders that appear to have selectively targeted foreign women who are in our country to work.”

“Such instincts are contrary to our culture’s traditions and values,” he said in a statement from China, where he was on an official visit. He urged calm so police can complete their investigation.

The scale of the alleged crimes by a Cypriot National Guard captain has horrified the small nation of over a million people, where multiple killings are rare. Five British law enforcement officials — including a coroner, a psychiatrist and investigators who specialize in multiple homicides — have been dispatched to help with the investigation.

On Thursday, the 35-year-old suspect, who can’t yet be named because he hasn’t been formally charged, told investigators that he had killed four more people than he had previously admitted to. Police said the suspect will appear in court Saturday for another custody hearing.

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims. 

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week’s discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims.  (AP)

The victims — all foreigners— include Marry Rose Tiburcio, 38, from the Philippines, whose bound body was found April 14 in a flooded mineshaft. She and her six-year-old daughter had been missing since May of last year.

The girl remains missing and authorities believe she was also slain by the suspect. Divers have entered the reservoir to search for her but have not found her body yet.

CYPRUS: GROUND NOT YET READY FOR PEACE TALKS RESUMPTION 

Authorities tracked down the officer last week by scouring Tiburcio’s online messages.

Six days later, police discovered another body April 20 in the same mineshaft, identified by Cypriot media as 28-year-old Arian Palanas Lozano, also from the Philippines.

A third alleged victim, also of Filipino descent, is 31-year-old Maricar Valtez Arquiola, who had been missing since December 2017. The suspect initially denied killing Arquiola but reversed himself after a court hearing Thursday, a police official said.

The suspect on Thursday also pointed investigators to a military firing range, where they discovered another unidentified body, which according to the suspect belongs to a woman of either Nepalese or Indian descent.

SERIAL KILLER WHO MAY HAVE COMMITTED 90 MURDERS IS LINKED TO YET ANOTHER KILLING 

Cypriot police are also looking for a Romanian mother and daughter. Cypriot media identified them as Livia Florentina Bunea, 36, and eight-year-old Elena Natalia Bunea, who are believed to have been missing since September 2016.

The man-made lake remains off-limits to a manned search because of high levels of toxic heavy metals from the copper pyrite mine, Fire Service Chief Marcos Trangolas said, adding that authorities will use other means to scour the lake.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. (AP Photo/Petros Karadjias)

Cyprus police have faced criticism from immigrant activists who said they didn’t act fast enough to investigate the whereabouts of some of the victims, many of them domestic workers. The island nation has 80 unsolved missing persons cases, going back to 1990.

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Police chief Zacharias Chrysostomou said a three-member panel has been assigned to probe whether police followed all the correct protocol in recent missing persons cases.

According to the state-run Cyprus News Agency, an investigator had told the court at an earlier hearing that the suspect admitted to killing one woman he met online after having sex with her.

The Associated Press contributed to this report. 

Source: Fox News World

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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Arizona Gov. Doug Ducey rejected demands from a secular group to remove posts on social media where he sent Easter greetings and cited a Bible verse, offering to provide copies of the Constitution to his critics.

Ducey, who’s a practicing Catholic, has been bombarded with calls from Secular Communities for Arizona to remove the post, which included a cross, a Bible verse, and the phrase, “He is risen.”

ARIZONA’S GOP GOVERNOR WAGING WAR AGAINST OCCUPATIONAL LICENSING LAWS

The group argued the posts crossed a line into government sponsorship of religious messages and was unconstitutional.

The governor fired back at the group, saying in a tweet that he will never remove the posts or other religious ones.

“We won’t be removing this post. Ever. Nor will we be removing our posts for Christmas, Hanukkah, Rosh Hashanah, Palm Sunday, Passover or any other religious holiday,” he tweeted. “We support the First Amendment, and are happy to provide copies of the Constitution to anyone who hasn’t read it.”

Dianne Post, an attorney for the secular group, told the Arizona Republic “elected officials should not use their government position and government property to promote their religious views.”

LICENSE REQUIRED TO REPAIR DOORS? REGS SPARK HEATED DEBATE IN ARIZONA

She added the courts have repeatedly “struck down symbolism that unites government with religion,” adding that Ducey’s office must “represent and protect the rights of all residents of Arizona, including those who do not believe in a monotheistic God or any gods at all.”

Many congratulated Ducey for not backing down amid the pressure, though some Facebook users sided with the secular group and criticized the governor on his original post.

“Why do you use a government platform to bring up your personal religion?” asked one person. “Are there no citizens in your jurisdiction that believe differently from you?”

Another stipulated that the post was somewhat discriminatory. “Great sensitivity, Doug. That’s the last time this Jew votes for you,” one person wrote.

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Ducey wished in a statement Arizonans last week a “blessed and joyful Easter and Passover weekend.”

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: FILE PHOTO: A Canadian dollar coin commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo/File Photo

April 26, 2019

OTTAWA (Reuters) – Canada posted a budget surplus in the first 11 months of the 2018/19 fiscal year compared to a deficit the year earlier as revenues increased mostly on higher tax incomes, the finance department said on Friday.

The surplus for April-February was C$3.1 billion, compared to a deficit of C$6 billion in the same 2017/18 period. Revenues climbed by 8.5 percent, mainly due to higher tax receipts, while program expenses rose by 4.8 percent.

The surplus for February was C$4.3 billion compared with C$2.8 billion in February 2018. Revenues jumped by 12.2 percent while program expenses posted a more modest 6.9 percent gain.

Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.

(Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama)

Source: OANN

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