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Bayer asks California appeals court to throw out $78 million Roundup verdict

FILE PHOTO: Bayer's Roundup weed killer atomizers are displayed for sale at a garden shop near Brussels
FILE PHOTO: Bayer's Roundup weed killer atomizers are displayed for sale at a garden shop near Brussels, Belgium November 27, 2017. REUTERS/Yves Herman

April 24, 2019

By Brendan Pierson

(Reuters) – Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company’s weed killers gave him cancer.

In a filing in California’s Court of Appeal, First Appellate District, the company said that there was “no evidence” that glyphosate, a chemical found in the company’s Roundup and Ranger Pro products, could cause cancer.

“Bayer stands behind these products and will continue to vigorously defend them,” the company said in a news release.

The widely-used weed killers are made by Monsanto, which Bayer acquired last year for $63 billion.

The company said that if the court did not rule in its favor, it should at least order a new trial, arguing that a lower court judge had improperly prevented jurors from hearing evidence that the U.S. Environmental Protection Agency and foreign regulators had deemed glyphosate not likely carcinogenic to humans.

A lawyer for the groundskeeper, Dewayne Johnson, could not immediately be reached for comment.

Johnson sued Monsanto in 2016. In August 2018, following a trial in the Superior Court of California in San Francisco, a jury awarded him $39 million in compensatory damages and $250 million in punitive damages, a total of $289 million.

The verdict, which marked the first such decision against Monsanto, wiped 10 percent off Bayer’s value, and shares have since dropped nearly 30 percent from their pre-verdict value.

Judge Suzanne Bolanos, who oversaw the trial, then issued a tentative opinion saying she planned to strike the entire punitive damages award because there was no evidence Monsanto acted with malice. Following a hearing last October, she instead cut the award to $39 million, for a total judgment of $78 million.

In another brief filed with the appeals court on Wednesday, Bayer said that decision came after newspaper articles and emails from five jurors in the case meant to “pressure” Bolanos to uphold the punitive damages award.

Bayer, which faces more than 11,000 U.S. lawsuits over glyphosate, says decades of scientific studies and real-world use have shown glyphosate to be safe for human use.

While the EPA and regulators from several other countries have said glyphosate was not likely to cause cancer, the cancer unit of the World Health Organization in 2015 classified glyphosate as “probably carcinogenic to humans.”

(Reporting By Brendan Pierson in New York; Editing by Bill Berkrot)

Source: OANN

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Trump cuts aid to Central American countries as migrant crisis deepens

U.S. President Trump speaks to reporters at his Mar-a-Lago resort in Palm Beach, Florida
U.S. President Donald Trump talks to reporters at his Mar-a-Lago estate in Palm Beach, Florida, U.S., March 29, 2019. REUTERS/Joshua Roberts

March 31, 2019

By Julia Harte and Tim Reid

WASHINGTON/EL PASO, Texas (Reuters) – The U.S. government cut aid to El Salvador, Guatemala and Honduras on Saturday after President Donald Trump blasted the Central American countries for sending migrants to the United States and threatened to shutter the U.S.-Mexico border.

A surge of asylum seekers from the three countries have sought to enter the United States across the southern border in recent days. On Friday, Trump accused the nations of having “set up” migrant caravans and sent them north.

Trump said there was a “very good likelihood” he would close the border this week if Mexico did not stop immigrants from reaching the United States. Frequent crossers of the border, including workers and students, worried about the disruption to their lives the president’s threatened shutdown could cause.

At a rally on the border in El Paso, Texas, Democratic presidential hopeful Beto O’Rourke denounced Trump’s immigration policies as the politics of “fear and division.”

A State Department spokesman said in a statement it was carrying out Trump’s directive by ending aid programs to the three Central American nations, known as the Northern Triangle.

The department said it would “engage Congress in the process,” an apparent acknowledgement that it will need lawmakers’ approval to end funding that a Congressional aide estimated would total about $700 million.

New Jersey Senator Bob Menendez, the top Democrat on the Senate Foreign Relations Committee, called Trump’s order a “reckless announcement” and urged Democrats and Republicans alike to reject it.

Trump told reporters at his Mar-a-Lago resort in Florida on Friday that the United States was paying the three countries “tremendous amounts of money,” but received nothing in return.

Mario Garcia, a 45-year-old bricklayer in El Salvador, said he was setting off for the United States regardless of the president’s threat to close the frontier.

“There is no work here and we want to improve (our lives), to get ahead for our families, for our children. I don’t give a damn (what Trump says), I’m determined,” Garcia said.

Garcia was one of a group of at least 90 people who left the capital San Salvador over the weekend on buses heading north, in what locals said was the tenth so-called caravan to depart for the United States since October.

The government of El Salvador has said it has tried to stem the flow of migrants.

Trump, who launched his presidential campaign in 2015 with a promise to build a border wall and crack down on illegal immigration, has repeatedly threatened to close the frontier during his two years in office but has not followed through.

This time, Homeland Security Secretary Kirstjen Nielsen and other U.S. officials say border patrol officers have been overwhelmed by a sharp increase asylum seekers, many of them children and families who arrive in groups, fleeing violence and economic hardship in the Northern Triangle.

March is on track for 100,000 border apprehensions, Homeland Security officials said, which would be the highest monthly number in more than a decade. Most of those people can remain in the United States while their asylum claims are processed, which can take years because of ballooning immigration court backlogs.

Nielsen warned Congress on Thursday that the government faces a “system-wide meltdown” as it tries to care for more than 1,200 unaccompanied children and 6,600 migrant families in its custody.

Trump has so far been unable to convince Congress to tighten asylum laws or fund his border wall. He has declared a national emergency to justify redirecting money earmarked for the military to pay for the wall.

Mexico has played down the possibility of a border shutdown. Its foreign minister, Marcelo Ebrard, said the country is a good neighbor and does not act on the basis of threats.

It was not clear how shutting down ports of entry would deter asylum seekers because they are legally able to request help as soon as they set foot on U.S. soil.

But a border shutdown would disrupt tourism and U.S.-Mexico trade that totaled $612 billion last year, according to the U.S. Census Bureau. A shutdown could lead to factory closures on both sides of the border, industry officials say, because the automobiles and medical sectors especially have woven international supply chains into their business models.

(Reporting by Julia Harte and Richard Cowan in Washington, and Tim Reid in El Paso; Additional reporting by Jose Luis Gonzalez in Ciudad Juarez, Julia Love in Mexico City, Omar Younis in San Diego, and Nelson Renteria in San Salvador; Writing by Daniel Wallis; Editing by Rosalba O’Brien)

Source: OANN

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Explainer: Can Democratic subpoenas force the release of Mueller’s Trump-Russia report?

FILE PHOTO: U.S. Attorney General William Barr's signature is seen on his letter to lawmakers about the submission of Special Counsel Robert Mueller's report is seen in Washington
FILE PHOTO: U.S. Attorney General William Barr's signature is seen on a copy of his letter to U.S. lawmakers stating that the investigation by Special Counsel Robert Mueller has been concluded and that Mueller has submitted his report to the Attorney General in Washington, U.S. March 22, 2019. REUTERS/Jim Bourg/File Photo

April 2, 2019

By Jan Wolfe

WASHINGTON (Reuters) – Democrats in the House of Representatives are gearing up to issue subpoenas to try to obtain Special Counsel Robert Mueller’s full report on Russia’s role in the 2016 U.S. election and President Donald Trump’s actions related to the inquiry.

The question is: how successful will they be?

Attorney General William Barr, who has broad authority under Justice Department regulations to decide how much of Mueller’s report to release, sent lawmakers a four-page letter on March 24 explaining Mueller’s “principal conclusions” and has promised to release the nearly 400-page report by the middle of this month, with some parts blacked out, or “redacted.”

That has not satisfied Democrats, who control the House. The House Judiciary Committee is scheduled to vote on Wednesday to authorize a subpoena to compel the Justice Department to hand over the complete report, without redactions, as well as underlying evidence.

Here is an explanation of the legal hurdles Democrats must clear in their subpoena effort, important judicial precedents and Barr’s rationale for keeping parts of the report confidential.

CAN CONGRESS SUBPOENA DOCUMENTS FROM THE EXECUTIVE BRANCH?

Yes. Committees of the House and Senate possess the power to issues subpoenas for documents held by the executive branch or other subjects in investigations. Under the U.S. Constitution, Congress is a co-equal branch of the federal government alongside the executive branch and judiciary.

If Barr refuses to comply with a Judiciary Committee subpoena to obtain the full report and underlying investigative material, the House could vote to hold him “in contempt” and turn to the courts to enforce the subpoena. Legal experts said that process could take years.

Barr’s “principal conclusions” letter said Mueller’s inquiry did not establish that Trump’s campaign team conspired with Russia. Barr also said Mueller did not reach a conclusion on whether the Republican president committed obstruction of justice but also did not exonerate him. Barr subsequently concluded that Trump had not engaged in criminal obstruction.

The letter provided scant details of the findings, though Trump immediately claimed “complete and total exoneration.” The Mueller investigation has cast a cloud over Trump’s presidency. House Democrats have launched a series of investigations into Trump, who is seeking re-election in 2020.

A situation analogous to the current subpoena fight unfolded during the presidency of Trump’s Democratic predecessor Barack Obama. In 2012, the House, then controlled by Republicans, subpoenaed internal Justice Department documents related to a failed federal law enforcement operation to track illegal gun sales, dubbed “Fast and Furious.” Obama’s attorney general, Eric Holder, refused to comply. The House voted to hold him in contempt, marking the first time in U.S. history that Congress took such action against a sitting member of a president’s Cabinet.

The Justice Department later turned over thousands of pages of documents but the matter was not resolved until after Obama left office, with a settlement reached in 2018.

WHY DID BARR NOT SIMPLY RELEASE THE WHOLE REPORT?

Barr told lawmakers in a March 29 letter that he was making “redactions that are required” before releasing the Mueller report. He cited four reasons for redactions: protecting secret grand jury proceedings; safeguarding intelligence-gathering sources and methods; shielding material that could affect ongoing investigations; and protecting information that would unduly infringe on personal privacy and reputations.

Grand juries are groups of citizens who meet in secret and decide whether to authorize criminal indictments or demands for evidence sought by prosecutors. U.S. law generally requires that information obtained from grand jury proceedings be kept secret, though there are exceptions that let Congress, and even the general public, see it.

Barr also could redact information by citing a legal doctrine called executive privilege, which allows the president to withhold information about internal executive branch deliberations from other branches of government.

WHAT LAWS AND HISTORICAL PRECEDENTS APPLY?

Federal law and judicial precedent could play a role in the subpoena fight.

Under U.S. law, grand jury testimony generally must be kept secret. But if a grand jury matter involves “grave hostile acts of a foreign power” or other intelligence information, the information can be shared with appropriate government officials. The law also lets a judge release grand jury information when strong public interest is at stake.

A 1974 court decision involving Republican President Richard Nixon gives Democrats strong ammunition to argue that they are entitled to any grand jury information redacted by Barr. Leon Jaworski, a special prosecutor during the Watergate scandal, produced a report that relied on evidence from grand jury proceedings.

H.R. Haldeman, who had served Nixon as White House chief of staff, sought to block that information from Congress, citing the same grand jury secrecy provision mentioned by Barr. The dispute ended up before a panel of federal appeals court judges in Washington, which ruled 5-1 against Haldeman. The court said Congress clearly needed the material to conduct an effective impeachment investigation, and noted that the Democratic-led House Judiciary committee had taken “elaborate precautions to insure against unnecessary and inappropriate disclosure of these materials.” The committee approved articles of impeachment against Nixon as Congress began the process of trying to remove him from office. Nixon resigned before the full House could vote on impeachment.

If Barr were to cite executive privilege in redacting material, a 1974 Supreme Court ruling could come into play. Nixon withheld tape recordings and other material subpoenaed by Jaworski, citing executive privilege. The high court then ordered him to give the material to a federal district court, saying the president’s interest in keeping his communications secret was outweighed by the judiciary’s need for evidence.

(Reporting by Jan Wolfe; Editing by Will Dunham and Noeleen Walder)

Source: OANN

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The Latest: Fire in Bangladesh's capital kills at least 69

The Latest on a fire in Bangladesh's capital (all times local):

8:45 a.m.

Officials say the fire that burned through buildings in an old part of Bangladesh's capital has killed at least 69 people.

The fire in Dhaka was mostly under control early Thursday after more than nine hours of frantic efforts by firefighters.

The Chawkbazar area where the fire was burning is crammed with buildings separated by narrow alleys and is a mix of homes, shops and warehouses.

Mahfuz Riben, a control room official of the Fire Service and Civil Defense in Dhaka, said the death toll had risen to 69 and many victims had become trapped in the buildings.

He told AP by telephone, "Our teams are working there but many of the recovered bodies are beyond recognition. Our people are using body bags to send them to the hospital morgue, this is a very difficult situation."

___

7 a.m.

A devastating fire has raced through at least five buildings in an old part of Bangladesh's capital and killed at least 45 people.

About 50 other people have been injured and the fire in Dhaka is not yet under control.

The fire department's Director General Brig. Gen. Ali Ahmed said early Thursday the blaze broke out in the Chawkbazar area Wednesday night in one building but quickly spread.

Ali said by early Thursday rescuers recovered at least 45 bodies as they were trying to get the blaze under control.

Some floors of the destroyed buildings had chemicals and plastic in storage.

Source: Fox News World

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Democrats Abrams, Gillum question outcomes of 2018 gubernatorial races

Former Democratic gubernatorial candidates Stacey Abrams and Andrew Gillum this week questioned the outcomes of their 2018 gubernatorial races -- suggesting that they, rather than their Republican opponents, should be in the governor seats.

Gillum, the former mayor of Tallahassee who lost to now-Florida Gov. Ron DeSantis in the state’s gubernatorial race in November, hinted on HBO’s “Real Time with Bill Maher” that both he and Abrams got enough votes to win their races, and that Abrams' may have been influenced by her opponent already being in office.

STACEY ABRAMS SAYS 2020 WHITE HOUSE BID 'DEFINITELY ON THE TABLE' 

“Stacey juiced as many Dems as she could out of the state of Georgia and you also had the guy who was the referee also being the player on the field, right?” he said, in reference to that fact that now-Gov. Brian Kemp was the state’s secretary of state when he ran for office.

“Guess what, had we been able to legally count every one of those votes not just in Florida but also in Georgia, I wonder what the outcome may be,” Gillum later said to applause. His comments were first picked up by the Florida Politics blog.

Gillum also agreed with Maher that an amendment to allow ex-felons to vote would make Florida “a different ball game” for Democrats next time: “That’s right,” Gillum said.

Meanwhile Abrams, who has never conceded the Georgia governor race, reportedly said on Thursday that she won her election and didn’t plan on conceding.

“I did win my election,” she said, according to ABC News reporter Adam Kelsey. “I just didn’t get to have the job.”

Asked if she planned to formally concede to Kemp, she said: “No.”

Abrams has repeatedly blamed voter fraud for her defeat, but she was given the role of delivering a formal State of the Union response earlier this year.

She has also pushed a possible 2020 bid. Abrams said recently that a potential 2020 presidential run is “definitely on the table,” which would make her the second candidate to have lost a 2018 race only to go on and declare a candidacy. Beto O’Rourke, who lost his Texas Senate bid in November, declared his candidacy this week.

The open approach toward challenging or calling into question the results of an election are in stark contrast to Democrats’ stance in 2016, where politicians repeatedly expressed horror at then-candidate Donald Trump’s statements that he may not accept the results of the presidential election.

“I will look at it at the time,” Trump said when asked in a presidential debate if he would accept the result of the election.

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“That’s horrifying,” then-Democratic candidate Hillary Clinton responded. “This is how Donald thinks, and it's funny but it's also really troubling. This is now how our democracy works."

But in 2017, she told Mother Jones that “there are lots of questions about [the election's] legitimacy” and said that “weaponized false information” and “voter suppression” contributed to her defeat.

Fox News' Gregg Re contributed to this report.

Source: Fox News Politics

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Greece: Anarchist group claims grenade at Russian Consulate

An anarchist group has claimed responsibility for a hand grenade that caused minor damage to the Russian Consulate in Athens.

A group calling itself Revenge Plot, Mikhail Zhlobitsky Cell said the explosive was intended as "revenge" for a suicide bomb attack by a Russian teenager last year.

A post on a Greek left-wing site said the teen, Mikhail Zhlobitsky, was an anarchist who died in an attack on the Akhrangelsk office of Russia's domestic security agency that injured three people.

No one was hurt by the grenade that was thrown at the Russian Consulate on March 22. Police said at the time that cameras captured two people on a motorbike throwing a small object at the fence by a security guard's post.

Source: Fox News World

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UK’s payments gap widens as global slowdown, Brexit weigh

FILE PHOTO - Office workers are seen in the London Place business district near Tower Bridge in central London
FILE PHOTO - Office workers are seen in the London Place business district near Tower Bridge in central London February 9, 2011. REUTERS/Toby Melville/File Photo

March 29, 2019

By Andy Bruce and Jonathan Cable

LONDON (Reuters) – Britain’s balance of payments shortfall grew in the last few months of 2018, exacerbated by disappointing trade numbers as the world economy slowed and Brexit neared.

The difference between money flowing in and out of Britain was negative to the tune of 23.7 billion pounds ($30.9 billion)in the fourth quarter, bigger than a 23.0 billion-pound deficit in the third quarter, the Office for National Statistics said.

Bank of England Governor Mark Carney has said the big current account deficit leaves Britain reliant on “the kindness of strangers”.

That could be a risk as the country prepares to leave the European Union still with no clarity on whether it can smooth its exit with a transition period.

At 4.4 percent of economic output, the shortfall in late 2018 was the biggest since just after the Brexit vote more than two years earlier, dashing hopes that the fall in the value of the pound after the referendum could boost Britain’s economy.

Prime Minister Theresa May said on Wednesday she would step down after her Brexit divorce deal is secured. But it remains unclear if the deal she agreed with other EU leaders can pass parliament and lawmakers have so far rejected alternatives.

The balance of payments not only includes trade of goods and services, but also the money flowing in and out of the country in the form of investments.

The larger current account deficit was due to weaker earnings for British investors from overseas holdings, and a deteriorating trade deficit, which widened for the fourth quarter in a row, the ONS said on Friday.

Both drivers of the deficit probably reflected a marked slowdown in the world economy over the last couple of quarters.

“An elevated shortfall is a potential source of vulnerability for the UK economy — particularly if there was any major loss of investor confidence in the UK for any reason, most obviously Brexit concerns,” economist Howard Archer, from the EY ITEM Club Consultancy, said.

SLOW BUT GROWING ECONOMY

Britain’s economy has slowed since the 2016 Brexit referendum and lost more of its momentum late last year as the departure from the EU approached.

For 2018 as a whole, the ONS confirmed the economy grew by 1.4 percent, the weakest expansion for any year since 2012.

Companies in particular have shown nervousness about the lack of clarity.

The ONS data showed business investment fell by 0.9 percent in the fourth quarter, a shallower drop than a previous estimate of a 1.4 percent fall but still the fourth quarter in a row to show a contraction.

That was the worst such run since the financial crisis a decade ago.

Consumers appear to be less fazed.

Data from the Bank of England showed household spending stayed subdued but still growing in early 2019.

Mortgage lender Nationwide said house prices picked up a little bit of speed this month but the market remained weak.

The ONS confirmed a previous estimate that Britain’s economy grew by a quarterly 0.2 percent in the October-December period.

Growth was driven by spending by the government and households although the latter grew at the weakest quarterly pace in a year, up just 0.3 percent.

(Writing by Andy Bruce; Editing by William Schomberg)

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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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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