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California woman, 2 children nearly hit by out-of-control car in terrifying video

A family in California came inches from death Monday after an out-of-control car could be seen nearly striking them on a terrifying surveillance video.

The Napa Police Department said in a Facebook post a woman and 2 children just had stepped out of a restaurant when the driver of the car lost control.

"A VERY close call!" police said. "This scary video is a good reminder to always be aware of your surroundings."

TRAIN SLAMS INTO SUV IN FLORIDA AFTER DRIVER SEEN MOVING ONTO TRACKS MOMENTS BEFORE IMPACT

The incident happened just outside of the Villa Corona restaurant, KTVU reported.

A woman and her 2 children were nearly struck by an out-of-control car in Napa, California on Monday.

A woman and her 2 children were nearly struck by an out-of-control car in Napa, California on Monday. (Napa Police Department)

The vehicle could be seen slamming into tables and chairs seconds after the family walked away, leaving a trail of destruction on the sidewalk.

Napa Police said two people were taken to the hospital, but only minor injuries were reported.

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Additional details about the crash have yet to be released by authorities.

Source: Fox News National

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NASA probe records first likely ‘marsquake’ detected on red planet

FILE PHOTO: A life-size model of NASA's Insight spacecraft at JPL
FILE PHOTO: A life-size model of the spaceship Insight, NASA's first robotic lander dedicated to studying the deep interior of Mars, is shown at Jet Propulsion Laboratory (JPL) in Pasadena, California, U.S. November 26, 2018. REUTERS/Mike Blake/File Photo

April 23, 2019

(Reuters) – NASA’s robotic probe InSight has detected and measured what scientists believe to be a “marsquake,” marking the first time a likely seismological tremor has been recorded on another planet, the Jet Propulsion Laboratory in California reported on Tuesday.

The breakthrough came five months after InSight, the first spacecraft designed specifically to study the deep interior of a distant world, touched down on the surface of Mars to begin its two-year seismological mission on the red planet.

The faint rumble characterized by JPL scientists as a likely marsquake was recorded on April 6, the lander’s 128th Martian day, or sol.

Scientists are still examining the data to conclusively determine the precise cause of the signal, but the trembling appeared to have originated from inside the planet, as opposed to being caused by forces above the surface, such as wind, JPL said in a news release.

“We’ve been collecting background noise up until now, but this first event officially kicks off a new field: Martian seismology,” InSight principal investigator Bruce Banerdt said in a statement.

The tremor was so faint that a quake of the same magnitude in Southern California would be virtually lost among the dozens of tiny seismological crackles that occur there every day, JPL said.

The April 6 rumble on Mars stood out because the surface of the red planet is extremely quiet in comparison with Earth.

The size and duration of the marsquake also fit the profile of some of the thousands of moonquakes detected on the lunar surface between 1969 and 1977 by seismometers installed there by NASA’s Apollo missions, said Lori Glaze, planetary science division director at NASA headquarters in Washington.

No estimated Earth-magnitude equivalent was immediately given for the apparent marsquake.

Three other apparent seismic signals were picked up by InSight on March 14, April 10 and April 11 but were even smaller and more ambiguous in origin, leaving scientists less certain they were actual marsquakes.

(Reporting by Joey Roulette in Orlando, Florida, and Steve Gorman in Los Angeles; Editing by Peter Cooney)

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University of Oklahoma regents to discuss investigation

The University of Oklahoma Board of Regents have scheduled a special meeting to discuss an undisclosed "personnel investigation."

An OU news release says regents will go into executive session Wednesday in Oklahoma City. The meeting is closed to the public.

The subject of the meeting was not disclosed, but the university announced Feb. 13 that it had hired a law firm to investigate "allegations of serious misconduct."

The Oklahoman newspaper, citing unnamed sources, has reported that the investigation involved former OU President David Boren. The Associated Press was not able to confirm that.

An attorney for Boren says Boren denies any inappropriate behavior during his more than 20 years as OU president and described the probe as a "character assassination."

Boren, 77, is a former Oklahoma governor and U.S. senator.

Source: Fox News National

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Parole granted to woman who was getaway driver in deadly 1981 Brink’s heist

Judith Clark, the former Weather Underground member who served nearly four decades in prison for her role in the deadly 1981 robbery of an armored truck in New York, was granted parole on Wednesday.

The $1.6 million Brink's heist in suburban Nanuet, N.Y., led to the shooting deaths of two police officers and a security guard. Clark, now 69, was initially sentenced to 75 years to life behind bars for serving as the getaway driver, but New York Gov. Andrew Cuomo commuted her sentence in 2016, making her eligible for parole.

Cuomo praised Clark's behavior as an inmate when he commuted her sentence. She has trained service dogs, founded an AIDS education program and counseled mothers in prison.

However, New York's parole board denied Clark's initial request for release in 2017, saying she was "still a symbol of violent terroristic crime."

Clark, 69, presented statements of support from more than 2,000 people at her parole hearing on April 3. Among those supporting her were former Manhattan District Attorney Robert Morgenthau, 11 members of New York's congressional delegation and Elaine Lord, a former superintendent of Bedford Hills Correctional Facility, where Clark is incarcerated. A letter signed by more than 70 elected officials said the correctional system exists for rehabilitation as well as punishment

Still, the families of the victims and some law enforcement officials opposed her release. The Rockland County District Attorney's Office said granting Clark parole "would be an atrocious travesty of justice and an affront to our criminal justice system."

The Associated Press contributed to this report.

Source: Fox News National

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Escalating U.S.-China trade war would hit manufacturing, agricultural jobs: IMF

FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua
FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo

April 3, 2019

By Chris Prentice

WASHINGTON (Reuters) – An escalation of the U.S.-China trade war would drive manufacturing away from both countries and likely cause job losses, but would not change their total trade balances, an International Monetary Fund (IMF) report showed on Wednesday.

The United States and China would see “sizable” losses in manufacturing as capacity moves toward Mexico, Canada, and East Asia if tariffs were hiked to 25 percent on all goods flowing between the two countries, the IMF said in its April World Economic Outlook.

That would escalate a tit-for-tat tariff battle between the two economic giants that has gripped global financial markets since mid-2018. The United States already has tariffs of 25 percent on $50 billion worth of Chinese goods and levies of 10 percent on another $200 billion. China has retaliated with duties on U.S. products, including key agricultural crops.

The countries have been trying to negotiate a deal to end the spat. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are due to resume talks with Chinese vice premier, Liu He, on Wednesday, just days after the two sides reported progress in talks last week in Beijing.

The electronics and other manufacturing sectors in China would be hard-hit and the U.S. agricultural sector would see a significant contraction if the trade war were to escalate, the IMF report showed.

The group forecast a scenario where “large sectors in both countries shed a significant number of jobs.”

That would translate to about 1 percent of the workforce in the U.S. agricultural and transportation equipment sectors, and 5 percent in Chinese manufacturing other than electronics, like furniture and jewelry.

Growth in both economies would lose steam. On Tuesday, IMF Managing Director Christine Lagarde said U.S. gross domestic product would fall by up to 0.6 percent and China’s would fall by up to 1.5 percent.

Any attempts to address a trade deficit or surplus with another country through tariffs would shift the trade balances with other countries, making no impact on a country’s aggregate balance, the IMF said.

For example, U.S. imports of electronics and machinery from China would drop to 11.5 percent after the tariffs from about 22.1 percent of total imports, while the proportion of imports from other countries would rise.

The share of imports from East Asian nations would climb to 17.7 percent from 15.6 percent, Mexico’s share would rise to 14.6 percent from 12.6 percent, and Canada’s would increase to 12.3 percent from 10.8 percent, according to the report.

Even though some countries would benefit from the new trade flows, most countries are “likely to be worse off” because of increasing macroeconomic uncertainty, the IMF said.

(Reporting by Chris Prentice in Washington; Editing by Bernadette Baum)

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Anthem beats earnings estimates, raises 2019 profit forecast

FILE PHOTO: The logo for health insurance provider, Anthem, is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The logo for health insurance provider, Anthem, is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid/File Photo

April 24, 2019

(Reuters) – Anthem Inc’s first-quarter profit beat Wall Street estimates on Wednesday as it reined in expenses, and the U.S. health insurer raised its earnings forecast for the year.

Shares of the Indiana-based company rose 2.7 percent to $257.39 before the opening bell.

Last year, the health insurance sector experienced its biggest shake up in years, as rivals Aetna and Cigna Corp closed deals with the biggest U.S. pharmacy benefits managers.

Anthem, which operates Blue Cross Blue Shield plans in 14 states, also overhauled its pharmacy benefits business after years of relying on Express Scripts to handle those operations. Its new company, IngenioRx, is expected to be launched during the second quarter with the help of CVS Health Corp.

For 2019, Anthem said it expects adjusted earnings to be above $19.20 per share, higher than its prior estimate of more than $19.00.

Members in the company’s health plans rose by 1.2 million to 40.8 million, helped by growth in the government business that provides Medicare health plans for people aged 65 and older and Medicaid plans for the poor.

The company gained market share across its commercial, Medicare and Medicaid businesses and its earnings forecast for the year beat the average Wall Street estimate of $19.17, implying consensus estimates will move higher, Stephens Inc analyst Scott Fidel said.

Anthem’s benefit expense ratio — the percentage of premiums taken in that are paid out for medical services — worsened to 84.4 percent in the quarter from 81.5 percent a year earlier, partly due to a one-year waiver of the health insurance tax in 2019. Analysts on average had expected 84 percent, according to IBES data from Refinitiv.

The company said certain states in which it runs Medicaid plans saw higher medical costs.

Net income rose 18.2 percent to $1.55 billion, or $5.91 per share, in the quarter ended March 31.

Excluding items, the company earned $6.03 per share, ahead of the average analyst estimate of $5.81.

Total revenue rose 9.4 percent to $24.67 billion, beating analysts’ estimates of $24.28 billion, helped by membership growth across the company’s businesses and premium rate increases.

(Reporting by Tamara Mathias in Bengaluru; Editing by Maju Samuel)

Source: OANN

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Trump and Conservatives: It’s Complicated (But It’s Working)

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Donald Trump is not a conventional conservative. Far from it. He’s a populist of the right. His strong appeal to conservatives lies in his nationalism, tax cuts, deregulation, and appointment of originalist judges.

Unlike Ronald Reagan, who had well-formed political ideas, Trump’s notions about public policy come from gut instincts, reinforced by cheering crowds. Their common thread is "Don't tread on me."

Trump’s disdain for tradition is the opposite of orthodox conservativism. It is most visible in the wrecking ball aimed at NATO and other allies. If you are rich enough and want our military protection, he says, then pay up or forget it. Prove you deserve our protection. Show us the money.

Trump’s threat to walk away is more credible than that of previous presidents because he is instinctively closer to Robert Taft’s isolationism than to Arthur Vandenberg’s internationalism. The Taft-Vandenberg debate in the late 1940s settled Republican foreign policy for the next 60 years. Vandenberg, who chaired the Senate Foreign Relations Committee, led bipartisan support for President Harry Truman’s policies, including the Marshall Plan and forming NATO. The party’s stance was sealed in 1952 when Dwight Eisenhower defeated Taft for the presidential nomination.

Republicans remained internationalist on both security and trade throughout the Cold War, the “Unipolar Moment” of the 1990s, and the Global War on Terror after 9/11. That consensus shattered in the endless mess of Afghanistan and Iraq and the hollowing out of U.S. manufacturing employment. The Democratic Party backed away from those policies even sooner.

As a result, there is no consensus today on America’s proper role in the world. Our allies know it and are understandably nervous. Trump, a tough negotiator, is exploiting their anxiety to strike better deals for American defense support. That only works if allies believe he might actually pull back. They do, and so do internationalists in both parties. They are also worried about trade policy, where his strategy is similar.

Trump’s personal style adds to those worries, including those of conservatives. Many are repulsed by his crudity, thin-skinned nature, and vitriolic personal attacks. They fret as he shreds established norms. They oppose his micro-interventions in the economy (“don’t close that GM plant”), which are the opposite of free-market economics.

But—and this is crucial—conservatives and many independents recognize Trump’s biggest achievement, beyond strengthening the economy and rebuilding the military, is his persistent effort to roll back the administrative state, with its endless regulations and executive orders. The agencies that make the rules also enforce and adjudicate them. The result is fiat law—undemocratic, unaccountable, and unbearably expensive to fight. (If you think that’s also a major popular complaint about the European Union, you are correct.)

To curtail this administrative overreach, Trump needs to downsize the permanent bureaucracy, pass laws that require congressional approval for major regulations, and keep appointing judges who will rein in bureaucratic excess. Eliminating specific regulations is not enough. The next Democratic president will simply reimpose them.

Trump’s progress on judges is obvious—and consequential. That’s why Democrats are fighting so tenaciously. The latest battle, after Brett Kavanaugh’s Supreme Court appointment, was Neomi Rao’s nomination to the D.C. Circuit. She proved her commitment to deregulation while heading the White House Office of Information and Regulatory Affairs. Now she sits on the appellate court that hears those cases.

Trump’s determination to claw back Washington’s bureaucracy is beloved by conservatives, but it poses a curious dilemma. It took eight decades to ratchet up the government’s mammoth size and scope. Rolling it back swiftly and dramatically is what conservatives want substantively. But abrupt changes are what conservatives hate procedurally. They favor incremental change.

“Build on what we already have,” say these procedural conservatives. “That’s the surest foundation for improvement.” No one can anticipate the effects of large, disruptive changes. They might be disastrous. Edmund Burke first made that argument in 1790. His devastating critique of the French Revolution set the template for modern conservativism.

Unfortunately for modern conservatives, that kind of incrementalism would hardly dent America’s huge, intrusive government. It would do nothing to stop its regrowth after Trump leaves. That’s why “substantive conservatives” want to pare down the state now. The opportunity might be fleeting.

These are meaningful differences among conservatives. Yet they will fade to insignificance when Democrats nominate another big-government candidate. Faced with that alternative, conservatives of all stripes will back Trump. The only exceptions are those who despise him.

The president’s shortcomings offer Democrats a real opportunity. They seem determined to fumble it. Most candidates are sucking up to the left-wing base and arguing for huge, structural changes, everything from packing the Supreme Court to abolishing private health coverage. Their most daring ideas, such as the Green New Deal and “Medicare for All,” are recipes for fiscal apocalypse and totalizing government control. Their intolerance of dissent has made them the Party of Social Justice Church Ladies.

More centrist candidates are drifting left, too. Their reorientation may appeal to primary voters, but it will be a huge impediment in November. Ultimately, they are still selling Lyndon Johnson’s Great Society, now with more programs, more funding, and more taxes to pay in support of them. The ideas are stale, but there are two bigger defects: They cost too much and advocates cannot explain why the old programs failed.

If that’s what the Democrats have on offer in 2020, they won’t just lose conservatives and right-of-center independents. They’ll lose the election, unless there’s a recession.

If Trump wins, he will continue doing what no president has even attempted since Franklin Roosevelt: fundamentally shrinking the vast, centralized power of the administrative state. It’s a monumental task. But, for conservatives, none is more important.

Charles Lipson is the Peter B. Ritzma Professor of Political Science Emeritus at the University of Chicago, where he is founding director of PIPES, the Program on International Politics, Economics, and Security. He can be reached at charles.lipson@gmail.com.

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

April 26, 2019

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

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

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

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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)

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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)

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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)

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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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