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European shares retreat after strong surge; trade talks, banks M&A on tap

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 3, 2019. REUTERS/Staff

April 4, 2019

(Reuters) – European stocks took a breather on Thursday after hitting an eight-month high in the previous session, with banking mergers in focus while investors awaited more developments in U.S.-China trade talks.

At 0720 GMT, the pan-European STOXX 600 index was down 0.4 percent, having risen more than 3 percent climb in the previous four sessions on hopes that a U.S.-China trade deal could be imminent after both sides reported progress.

Commerzbank shares rose 3 percent as the race to acquire the German lender heated up. The Financial Times reported that Italy’s UniCredit was preparing a bid as Deutsche Bank’s attempt faces obstacles.

The FT said UniCredit was unlikely to gatecrash current merger negotiations with Deutsche but might make a move if these fell apart.

The news is likely to rekindle expectations of further consolidation in the battered European banking sector, which has underperformed the STOXX 600 this year. It was also among leading decliners on Thursday.

Britain’s exporter-heavy FTSE 100 continued to be pressured by a rise in sterling, boosted by hopes of progress or at least a longer Brexit delay as Prime Minister Theresa May seeks a joint approach with opposition leader Jeremy Corbyn to end a parliamentary deadlock.

Dampening sentiment was data out of Germany that showed an unexpected drop in industrial orders in February, hit by a slump in foreign demand.

Saga Plc shares crashed nearly 40 percent, on course for its worst daily performance, after the over-50s tourism and insurance firm forecast lower annual underlying pretax profit and cut its dividend as it struggles to keep up in a competitive motor and home insurance sector.

Steel maker Thyssenkrupp fell 1.5 percent as workers demanded substantial guarantees for jobs and plants even if a planned joint venture with India’s Tata Steel falls apart.

Novartis dipped after an influential non-profit organization said the $4 million to $5 million value put on a course of its experimental gene therapy for spinal muscular atrophy (SMA) is excessive.

Among bright spots was the British home repairs provider HomeServe Plc, which led gains on the STOXX after forecasting full-year adjusted pretax profit at the upper end of market expectations.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Kevin Liffey)

Source: OANN

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China says Tibet human rights critics ‘bewitched’ by Dalai Lama

People cross a road under flags marking the Tibetan Serfs' Emancipation Day in Lhasa
People cross a road under flags marking Tibetan Serfs' Emancipation Day on March 28, in Lhasa, Tibet Autonomous Region, China March 26, 2019. Picture taken March 26, 2019. REUTERS/Stringer

March 27, 2019

By Ben Blanchard

BEIJING (Reuters) – Those who criticize China over human rights in Tibet have been “bewitched” by the Dalai Lama, a senior Chinese official said on Wednesday, days before the 60th anniversary of the Tibetan spiritual leader’s flight into exile in India.

China says it “peacefully liberated” Tibet in 1950 and has since exerted enormous effort to bring the remote region into the modern era, abolishing feudal practices while protecting its Buddhist people’s right to freely practise their religion and maintain their culture.

Critics, including the United States, say China rules with an iron fist and has overseen widespread rights abuses.

Deputy Tibet governor Norbu Dondrup said Tibetan society was “very dark and very cruel” before Communist Party rule. He was speaking in Beijing on the release of a policy paper marking six decades since China began what it calls “democratic reforms” in Tibet.

He said ordinary people – or “serfs” – could be bought and sold, thrown in jail, or even killed at will when the Dalai Lama was in charge in Tibet.

“The Dalai Lama attacking our human rights totally has ulterior motives. He tramples on human rights, and has no right, no qualifications, and is unworthy of talking about human rights,” Norbu Dondrup said.

“As for some countries slamming our human rights, they either don’t understand or believe the Dalai clique’s rumors and bewitchments,” he said.

The human rights situation in Tibet was extremely good, he said, listing examples such as free medical care and an abundance of food.

Asked whether China would ever allow an independence referendum in Tibet, as has happened in Scotland and Quebec, Norbu Dondrup said Tibet has been an inseparable part of China since ancient times.

“We have never recognized Tibet independence, and neither has any other country,” he said. “Moreover, the peoples of Tibet in the extended family of the peoples of the motherland now have very happy lives.”

China reviles the Dalai Lama, who crossed the border into exile in India on March 31, 1959, after a failed uprising against Chinese rule.

Seen by Beijing as a dangerous separatist, he says he seeks merely genuine autonomy for his mountainous homeland and denies espousing violence.

The Dalai Lama told Reuters last week it was possible that, once he dies, his incarnation could be found in India and warned that any other successor named by China would not be respected.

The officially atheist Communist Party says it must approve his and other reincarnations of Tibetan lamas.

The Tibet issue has also become another irritant in China-U.S. ties after President Donald Trump signed into law a Reciprocal Access to Tibet Act in December.

That seeks to press China to open the region by denying U.S. entry to officials deemed responsible for restricting access to Tibet. China has denounced the law.

(Reporting by Ben Blanchard; Editing by Paul Tait)

Source: OANN

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MLB roundup: Astros continue power surge

MLB: Houston Astros at Seattle Mariners
Apr 12, 2019; Seattle, WA, USA; Houston Astros second baseman Jose Altuve (27) hits a grand slam against the Seattle Mariners during the sixth inning at T-Mobile Park. Mandatory Credit: Jennifer Buchanan-USA TODAY Sports

April 13, 2019

Jose Altuve and Yuli Gurriel hit grand slams as the Houston Astros defeated the host Seattle Mariners 10-6 Friday night.

It was the fourth consecutive game in which Altuve has gone deep, and he has five home runs over that span.

George Springer also homered for the Astros, who extended their winning streak to seven games. The Mariners had their six-game winning streak snapped.

Tom Murphy hit a solo homer in the ninth inning to extend the Mariners’ major league record of consecutive games with a home run to start a season to 16.

Mets 6, Braves 2

Brandon Nimmo belted a two-run homer to highlight his three-hit performance as visiting New York won at Atlanta. The Mets matched a franchise record by scoring at least six runs in their sixth straight game.

Jeff McNeil ripped a two-run double and Robinson Cano and Michael Conforto each had an RBI double for the Mets, who also scored at least six runs in six straight games in 1997, 1998 and twice in 2007.

Georgia native Zack Wheeler (1-1) allowed two runs on six hits and struck out eight to improve to 6-3 in 11 career starts versus the Braves.

Red Sox 6, Orioles 4

Eduardo Rodriguez became the first Red Sox starter to win a game this season as Boston held off visiting Baltimore in the opener of a four-game series.

Rodriguez, who entered the seventh having allowed just one hit, gave up a two-run home run to Dwight Smith Jr. with two outs in the inning, ending his night. He yielded the two runs on three hits, striking out eight and walking none. Entering the game, Boston starters had been 0-8 with a league-worst 8.79 ERA this year.

The Orioles dropped their fourth straight game and have lost eight of their past nine following a 4-1 start.

Phillies 9, Marlins 1

Andrew McCutchen went 3-for-4 with a three-run homer as Philadelphia routed host Miami. Jean Segura also had three hits, and J.T. Realmuto and Bryce Harper each had two hits and one RBI as the Phillies snapped a two-game losing streak.

This was Realmuto’s first game against the Marlins, the team that drafted him. Marlins catcher Jorge Alfaro — who arrived from the Phillies in the Realmuto trade this spring — went 2-for-3 with a run.

Jake Arrieta (2-1) struck out eight batters in seven innings to earn the win. He allowed five hits, one walk and one run.

Pirates 6, Nationals 3 (10 innings)

Pinch hitter Colin Moran hit a three-run homer in the top of the 10th off Justin Miller on an 0-2 pitch as Pittsburgh prevailed in a back-and-forth contest with Washington.

Miller has now allowed four homers this year in seven outings. Moran was batting for Jung Ho Kang after Melky Cabrera and Adam Frazier got on base against Matt Grace (0-1).

The winner was Nick Burdi (1-1), who allowed a double by Howie Kendrick in the ninth but didn’t give up a run. Former Nationals pitcher Felipe Vazquez pitched the last of the 10th for the Pirates to earn his fourth save of the season.

Rays 11, Jays 7

Austin Meadows and Brandon Lowe each homered twice — including one each into the 500 level — and visiting Tampa Bay defeated Toronto.

The blasts were the 21st and 22nd home runs hit to the 500 level of Rogers Centre since it opened in 1989. Willy Adames added a two-run homer for the Rays.

Luke Maile homered for the Blue Jays, who rallied from an 8-0 deficit to draw within one run before the Rays scored three in the ninth.

Athletics 8, Rangers 6

Khris Davis continued his slugging ways with an eighth-inning solo homer that completed visiting Oakland’s rally from a five-run deficit for a win in Arlington, Texas.

It was Davis’ fifth home run in his last three games and his 10th of the season. His grounder to third base in the sixth inning scored Mark Canha as part of a four-run rally that included an RBI double from Stephen Piscotty that shrunk a 6-1 Rangers lead to 6-5.

In his first game against his former team, A’s second baseman Jurickson Profar had two hits, drove in Oakland’s first run and scored the A’s final run, an insurance run in the ninth.

Padres 2, Diamondbacks 1

Four San Diego pitchers retired the final 19 batters, Fernando Tatis Jr. doubled home the tiebreaking run in the seventh inning, and the Padres beat Arizona in Phoenix.

Padres rookie Chris Paddack allowed three hits and one run in 5 1/3 innings. He was pulled after 88 pitches despite retiring eight consecutive batters following an RBI single by David Peralta in the third inning. Paddack struck out five and walked one in outdueling Arizona’s Luke Weaver (0-1).

Gerardo Reyes, called up from Triple-A El Paso earlier Friday, retired both batters he faced to end the sixth inning and get a win in his major league debut. Adam Warren worked two perfect innings before giving way to Kirby Yates, who earned his eighth save.

Royals 8, Indians 1

Kansas City hit for the cycle its first time through the order and grabbed its biggest lead of the season in a six-run first inning en route to a victory over visiting Cleveland. The Royals snapped a 10-game losing streak.

Brad Keller (2-1) gave up one run on three hits and five walks over 6 2/3 innings, with a career-high 10 strikeouts. He has now pitched at least six innings in nine straight starts, the longest active streak in the majors.

Alex Gordon had four hits, including three extra-base hits, and three RBIs for the Royals.

White Sox 9, Yankees 6 (7 innings)

Eloy Jimenez snapped a tie with his first career home run, a two-run shot in the fifth inning, then homered in his next at-bat in the seventh as Chicago halted a five-game losing streak with a rain-shortened victory over host New York.

In his 46th career at-bat, the rookie left fielder gave the White Sox a 7-5 lead by leaving no doubt about his milestone. Jimenez slugged a 2-1 four-seam fastball by Jonathan Holder over the center field fence and on to the netting above Monument Park.

The game was halted after a delay in the top of the seventh inning.

Brewers 8, Dodgers 5

Yasmani Grandal had three hits, including a two-run home run that gave visiting Milwaukee the lead for good against Los Angeles.

Hernan Perez also hit a two-run homer for the Brewers to erase an early one-run deficit in the opener of the three-game series. Matt Albers (1-0) got the win in relief.

The Dodgers received home runs from Corey Seager, Cody Bellinger and Joc Pederson.

Cubs 5, Angels 1

Willson Contreras had three hits, including two solo home runs, and Chicago won the opener of the three-game series against visiting Los Angeles, which had its six-game winning streak halted.

Cole Hamels (2-0) gave up one run and four hits over eight innings, striking out six without walking a batter. Hamels improved to 5-2 and lowered his ERA to 2.63 in his career against the Angels.

Anthony Rizzo and David Bote also homered for the Cubs, who have won two straight for the first time this season.

Tigers at Twins, ppd

The game between Minnesota and Detroit at Target Field was postponed due to a snow storm. The contest will be made up as part of a day-night doubleheader on May 11.

–Field Level Media

Source: OANN

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Taiwan’s secret military sites, including Patriot missile facilities, revealed in Google Maps update

The latest Google Maps update has revealed the most detailed imagery of cities and terrain for major cities in Taiwan, but has also exposed some of the military's most sensitive sites.

The structures were  revealed after Google launched the new function in four major cities -- Taipei, New Taipei, Taoyuan, and Taichung.

The images are so clear that facilities for U.S.-made Patriot missiles, including the types of launchers and models of the missiles, can now be seen, according to the South China Morning Post.

MERKEL URGES CHINA TO JOIN DISARMAMENT EFFORTS

Taiwan’s Defense Minister Yen Te-fa said Saturday that a task force had been formed to work with Google to seek appropriate adjustments to ensure national security was safeguarded.

“Actually, the site of defense infrastructure at times of peace will not be the same as those at times of war,” he told the news outlet.

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Besides asking Google to blur the locations, a defense official told the Morning Post that the military is planning to work to add additional camouflage to structures and facilities.

“Actually, the confidential parts are all inside the structures which would be highly difficult to expose through the 3D maps,” he told the news outlet.

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Singapore central bank leaves policy unchanged as expected

FILE PHOTO: A view of the Monetary Authority of Singapore's headquarters in Singapore
FILE PHOTO: A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. REUTERS/Darren Whiteside

April 12, 2019

SINGAPORE (Reuters) – Singapore’s central bank on Friday kept its monetary policy unchanged as expected, citing easing economic growth and mild inflationary pressures.

The Monetary Authority of Singapore (MAS) said it would maintain the slope of the Singapore dollar’s policy band, while there would be no change to the width and level at which its band was centred.

The MAS manages monetary policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed policy band.

(Reporting by Singapore Newsroom; Editing by Joe Brock)

Source: OANN

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Dem 2020 candidate Andrew Yang stands by ‘Freedom Dividend’

Democratic 2020 candidate Andrew Yang said in an interview Wednesday that his “Freedom Dividend,” a proposal that would give $1,000 a month to Americans who are over 18 years old, will encourage citizens to work.

Yang told TMZ that the plan is necessary to help American workers whose jobs have become automized. When asked if giving the dividend would incentivize workers, he cited the “Alaska Permanent Fund,” which was established in 1976 and pays residents a dividend from the state’s mineral revenue.

2020 CANDIDATE ANDREW YANG TELLS TUCKER CARLSON: 'I'M RUNNING FOR PRESIDENT ... TO SAVE JOBS FROM AUTOMATION'

“In Alaska it’s wildly popular, has created thousands of jobs, has improved children’s health and has not decreased work levels in the slightest,” the 44-year-old entrepreneur and investor said.

Presidential candidate and entrepreneur Andrew Yang speaks during the National Action Network Convention in New York, Wednesday, April 3, 2019. (AP Photo/Seth Wenig)

Presidential candidate and entrepreneur Andrew Yang speaks during the National Action Network Convention in New York, Wednesday, April 3, 2019. (AP Photo/Seth Wenig)

With the exception of new moms who spent more time with their kids and teenagers who graduated high school at a higher level, numbers showed that most people continued to worked at the same level as they did without the dividend, Yang told TMZ.

“Most people want to work and a little bit of money won’t make a difference,” he said.

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Yang's presidential candidacy has recieved the support of some white nationalists, who believe he is "concerned with halting the decline of the white race," the Verge reported. Yang has rejected their support.

Source: Fox News Politics

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IEA sees oil market flipping into deficit in second quarter

FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang
FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer

March 15, 2019

By Dmitry Zhdannikov

LONDON (Reuters) – The oil market will flip into a modest deficit from the second quarter of this year, with OPEC possessing a hefty supply cushion to prevent any price rally in case of possible supply disruptions, the International Energy Agency said on Friday.

The IEA, which coordinates the energy policies of industrialized nations, kept its 2019 oil demand growth forecast unchanged at 1.4 percent, or 1.4 million barrels per day.

Solid non-OPEC oil output growth led by the United States should ensure demand is met, the IEA said.

The IEA said the market could show a modest surplus in the first quarter of 2019 before flipping into a deficit in the second quarter by about 0.5 million bpd.

“At the same time, (OPEC) production cuts have increased the spare capacity cushion. This is especially important now as economic sentiment is becoming more pessimistic and the global economy could be entering a vulnerable period,” the IEA added.

The agency said it was particularly concerned about a possible further decline in production in Venezuela, where output has stabilized at 1.2 million bpd in recent months.

It said the degradation of Venezuelan power system, vital for oil output, was such that it could not be sure if the fixes were durable.

(Reporting by Dmitry Zhdannikov; Editing by Dale Hudson)

Source: OANN

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FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei’s factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight taxis after landing at Reagan National Airport in Washington
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles taxis after landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States over safety issues in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo

April 26, 2019

(Reuters) – American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes after cancelling 1,200 flights in the first quarter.

The company said it now expects its 2019 adjusted profit to be between $4.00 per share and $6.00 per share.

Analysts on average had expected 2019 earnings of $5.63 per share, according to Refinitiv data.

The No. 1 U.S. airline by passenger traffic said net income rose to $185 million, or 41 cents per share, in the first quarter ended March 31, from $159 million, or 34 cents per share, a year earlier.

Total operating revenue rose 2 percent to $10.58 billion.

(Reporting by Sanjana Shivdas in Bengaluru)

Source: OANN

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2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa
2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa, U.S., April 16, 2019. REUTERS/Elijah Nouvelage

April 26, 2019

By James Oliphant

MARSHALLTOWN, Iowa (Reuters) – Four years ago, Donald Trump campaigned in small towns like Marshalltown, Iowa, vowing to restore economic prosperity to the U.S. heartland.

In his bid to replace Trump in the White House, Pete Buttigieg is taking a similar tack. The difference, he says, is that he can point to a model of success: South Bend, Indiana, the revitalized city where he has been mayor since 2012.

The Democratic presidential contender has vaulted to the congested field’s top tier in recent weeks, drawing media and donor attention for his youth, history-making status as the first openly gay major presidential candidate and a resume that includes military service in Afghanistan.

But Buttigieg’s main argument for his candidacy is that he is a turnaround artist in the mold of Trump, although the Democrat does not expressly invoke the comparison with the Republican president.

“I’m not going around saying we’ve fixed every problem we’ve got,” Buttigieg, 37, said after a house party with voters in Marshalltown. “But I’m proud of what we have done together, and I think it’s a very powerful story.”

Critics argue improving the fortunes of a Midwestern city of 100,000 people does not qualify Buttigieg, who has never held national office, for the presidency of a country of 330 million. Others say South Bend still has pockets of despair and that minorities, in particular, have failed to benefit from its growth.

Buttigieg has told crowds in Iowa and elsewhere that his experience in reviving a struggling Rust Belt community allows him to make a case to voters that other Democratic candidates cannot. That may give him the means to win back some of the disaffected Democratic voters who turned their backs on Hillary Clinton in 2016 to vote for Trump.

Watching Buttigieg at a union hall in Des Moines last week, Rick Ryan, 45, a member of the United Steelworkers, lamented how many of his fellow union workers voted for Trump. The president turned in the best performance by a Republican among union households since Ronald Reagan in 1984.

Ryan said he hoped someone like Buttigieg could return them to the Democratic fold.

“He’s aware of the decline in the labor force in America, not just in Indiana or Des Moines or anywhere else,” Ryan said. “Jobs are going overseas. We need a find to way to bring that back.”

Randy Tucker, 56, of Pleasant Hill, Iowa, a member of the International Brotherhood of Electrical Workers, said Trump appealed to union members “desperate for somebody to reach out to them, to help them, to listen to their voice.”

Buttigieg could do the same, he said. “In my heart right now, he’s No. 1.”

PAST VS. FUTURE

Buttigieg stresses a key difference in his and Trump’s approaches.

Trump, he tells crowds, is mired in the past, promising to rebuild the 20th century industrial economy. Buttigieg argues the pledge is misleading and unrealistic.

Buttigieg says his focus is on the future, and he often talks about what the country might look like decades from now.

“The only way that we can cultivate what makes America great is to look to the future and not be afraid of it,” Buttigieg said in Marshalltown.

Buttigieg knows his sexual preference may be a barrier to winning some blue-collar voters. But he notes that after he came out as gay in 2015, he won a second term as mayor with 80 percent of the vote in conservative Indiana.

Earlier this month, he announced his presidential bid at the hulking plant in South Bend that stopped making Studebaker autos more than 50 years ago. After lying dormant for decades, the building is being transformed into a high-tech hub after Buttigieg and other city leaders realized it would never again attract a large-scale industrial company.

“That building sat as a powerful reminder. We hoped we would get back that major employer that would fix our economy,” said Jeff Rea, president of the regional Chamber of Commerce.

Buttigieg is praised locally for spurring more than $100 million in downtown investment. During his two terms, unemployment has fallen to 4.1 percent from 11.8 percent.

But a study released in 2017 by the nonprofit group Prosperity Now said not all of the city’s residents had shared in its rebound. The median income for African-Americans remained half that of whites, while the unemployment rate for blacks was double.

Regina Williams-Preston, a city councilor running to replace Buttigieg as mayor, credits him for the revitalized downtown. But she said he had a “blind spot” when it came to focusing on troubled neighborhoods like the one she represents and only grew more engaged after community pressure.

“He understands it now,” she said. “The next step is figuring out how to open the doors of opportunity for everyone.”

‘ONE OF US’

Trump touts the fact that the United States added almost 300,000 manufacturing jobs last year as evidence he made good on his promise to restore the industrial sector. But that growth still left the country with fewer manufacturing jobs than in 2008.

The robust U.S. economy is likely the president’s greatest asset in his re-election bid, particularly in states he carried in 2016 such as Iowa, Wisconsin, Michigan and Pennsylvania. He won Buttigieg’s home state by 19 points over Clinton in 2016.

Sean Bagniewski, chairman of the Democratic Party in Polk County, Iowa, said Buttigieg would be well positioned to compete with Trump in the Midwest.

“People love the fact that he’s a mayor,” said Bagniewski, who has not endorsed a candidate in the nominating contest. “If you can talk about a positive future, and if you actually have experience that can do it, that’s a compelling vision in Iowa.”

Nan Whaley, the mayor of Dayton, Ohio, which faces many of the same challenges as South Bend, agreed.

“He’s one of us,” Whaley said. “That helps.”

(Reporting by James Oliphant; Editing by Colleen Jenkins and Peter Cooney)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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