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Bridgewater warns of peak U.S. profit margins, lower stock prices

Traders work on the floor of the NYSE in New York
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 29, 2019. REUTERS/Brendan McDermid

April 17, 2019

By Jennifer Ablan

(Reuters) – The major drivers of high U.S. corporate profit margins are unsustainable and “now under threat”, which will eventually result in much lower equity prices, Bridgewater Associates, the world’s largest hedge fund, said on Wednesday in a report.

“Over the last two decades, U.S. corporate profit margins have surged and have contributed more than half of the excess return of equities relative to cash,” said Bridgewater, which oversees more than $160 billion in assets.

“Without that consistent expansion of margins, U.S. equities would be 40% lower than they are today.”

Over the last few decades, almost every major driver of profit margins has improved, Bridgewater said.

“Labor’s bargaining power fell, corporate taxes fell, tariffs fell, globalization increased, technology allowed for greater scale and lower marginal costs, anti-trust enforcement fell, and interest rates fell. These factors have produced the most pro corporate environment in history. Many of these drivers of high profit margins are now under threat.”

“Some of the forces that supported margins over the last 20 years are unlikely to provide a continued boost,” Bridgewater said. “Incentives for offshore production have been reduced as global labor costs have moved closer to equilibrium, with domestic costs and rising trade conflict increasing the risk of offshoring, while the potential tax rate arbitrage from moving abroad is now much smaller.”

At the same time, popular sentiment has begun to turn against the forces driving corporate profits, as well as against the companies that have benefited most, Bridgewater said.

“We are in the midst of a populist backlash against rising inequality and increasingly seeing a move toward more protectionism,” it said in the report. “Recent surveys show increasing animosity toward globalization and the power of companies more broadly and a bit more welcoming attitudes toward government regulation of firms.”

There is also more discussion about taxing mega-profitable firms that have benefited from current government policies, it said.

For example, Europe’s potential “digital services tax” is explicitly designed to close the tax arbitrage by introducing a sales tax on online revenues from residents.

“While the current impact of these proposed rules on the overall profitability of these tech giants is relatively small, they are a straw in the wind that the tide might be turning and that the multi-decade boost from favorable taxation policies is unlikely to be repeated,” Bridgewater said.

(Reporting by Jennifer Ablan; Editing by Sonya Hepinstall)

Source: OANN

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Former prosecutor pleads guilty to taking public money

Dan Johnson spent two decades in South Carolina and Iraq prosecuting felons. On Tuesday, the former prosecutor became a felon himself.

Johnson pleaded guilty in federal court to wire fraud in a scheme that authorities say stole about $44,000 in public money to spend on hotel rooms and plane flights for vacations and romantic liaisons.

The former 5th Circuit Solicitor in South Carolina faces a maximum of 20 years in prison when he is sentenced later this year, but assistant U.S. Attorney Winston Holliday expects he will ask for a sentence of a year to 18 months behind bars.

Johnson, 48, was elected chief prosecutor for Richland and Kershaw counties in 2010. He began his scheme with top aide Nicole Holland about five years later when the employee who had scrutinized Johnson's work credit card bills left the job, Holliday said.

The two simply took advantage of the lack of oversight, Holliday said.

Holland pleaded guilty earlier to wire fraud for using public money for hotel and orthodontist bills and is also awaiting sentencing.

Johnson and his attorney did not agree Tuesday on the $44,000 amount of public money that prosecutors said he took. That will be hashed out by sentencing. Johnson agreed to pay back all the stolen money as well.

What Johnson and prosecutors did agree on was one particular credit card bill in November 2016 which included hotel stays in Chicago, Las Vegas and Columbia and a plane ticket on a Panamanian airline. That month of expenses formed the basis of Tuesday's plea deal, which dropped about two dozen other charges.

Johnson said nothing in court beyond politely answering the judge's questions. He refused to speak to reporters outside the courthouse.

U.S. Attorney Sherri Lydon said prosecuting Johnson shows what the law should really be about instead of taking advantage of a position of public trust.

"The law comes in one size that fits all," Lydon said outside of the courthouse. "And it most definitely fits Dan Johnson."

Johnson also faces similar state charges, and South Carolina Attorney General Alan Wilson plans to go forward with that case, spokesman Robert Kittle said.

Johnson spent eight years in the U.S. Army, rising to the rank of captain and becoming a judge advocate. He also spent eight years as an assistant prosecutor and eight years as a deputy over internal affairs and the chief lawyer for the Richland County Sheriff's Department.

Johnson graduated from The Citadel and received South Carolina's highest civilian honor, the Order of the Palmetto, when he was 22 for working with a center helping domestic abuse victims.

___

Follow Jeffrey Collins on Twitter at https://twitter.com/JSCollinsAP. Read his work at https://apnews.com/search/jeffrey%20collins

Source: Fox News National

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Amazon driver paralyzed in shooting over parking spot sues

A driver for Amazon who is paralyzed from the waist down after being shot in a dispute over a parking spot in Missouri is suing the accused shooter.

The St. Louis Post-Dispatch reports that 21-year-old Jaylen Walker of St. Louis is seeking at least $100,000 in damages from Larry Thomlison of St. Charles in a lawsuit filed Tuesday.

Thomlison, who turns 66 Thursday, was charged last week with assault and armed criminal action.

Authorities say Walker parked March 5 in a handicapped-accessible space outside a St. Charles Target store.

Police say Thomlison, who had a placard allowing him to park in handicapped-accessible spots, became angry. The men struggled and Thomlison was knocked to the ground. Police say he responded by shooting Walker in the back.

___

Information from: St. Louis Post-Dispatch, http://www.stltoday.com

Source: Fox News National

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Exclusive: Spain’s Repsol suspends swap deal for Venezuelan oil under U.S. pressure

FILE PHOTO: The corporate logo of Repsol is seen in their office in Caracas
FILE PHOTO: The corporate logo of Repsol is seen in their office in Caracas, Venezuela April 25, 2017. REUTERS/Carlos Garcia Rawlins/File Photo

April 17, 2019

By Collin Eaton and Marianna Parraga

HOUSTON/MEXICO CITY (Reuters) – Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela.

The Spanish oil company has been swapping fuel and waiving payments due from a joint venture with PDVSA in exchange for crude, even as the United States rolled out new sanctions aimed at ousting Venezuela’s socialist President Nicolas Maduro.

The arrangement made Repsol one of the OPEC-member nation’s main fuel suppliers, alongside Russia’s Rosneft and India’s Reliance Industries, according to three sources and vessel-tracking data.

The Trump administration blames Maduro for a severe economic crisis that has forced millions of Venezuelans to flee. The United States and dozens of other countries recognize Venezuelan opposition leader Juan Guaido as the nation’s interim president. Maduro considers Guaido a U.S. puppet.

A final decision on whether Repsol will cancel the Venezuelan swap deal altogether, after it was first arranged in late 2018, has not yet been made, the sources said.

A Repsol spokesman declined to comment on the petroleum swaps. But one of the sources said the company had been communicating with the Trump administration through the U.S. embassy in Spain, which declined to comment.

Repsol has said previously that it was complying with U.S. sanctions on PDVSA, which bar any use of the U.S. financial system or subsidiaries based in the United States for oil deals with Venezuela.

Companies have been given until April 28 to wind down their existing transactions.

Repsol’s most recent shipment of gasoline arrived in Venezuela on March 25 aboard the Torm Laura, according to vessel-tracking data from Refinitiv Eikon and consulting firm Kpler.

As of Wednesday, the Achilleas, a Suezmax tanker chartered by Repsol, remained anchored off Venezuela’s Jose oil port, after loading about 1 million barrels of heavy crude on April 6, the Refinitiv data showed.

Another Suezmax chartered by Repsol has been anchored off Jose for at least a week after loading Venezuelan oil, according to shipping sources and Refinitiv data.

The tankers are awaiting directions from Repsol before they set sail, according to one of the sources.

A separate group of 11 loaded tankers, chartered by U.S. firms Chevron Corp, Valero Energy and Citgo Petroleum have been anchored off Jose for over two months following payment complications from sanctions.

U.S. President Donald Trump’s national security adviser John Bolton told Reuters last month the administration was considering imposing sanctions on any companies outside the United States that do business with Venezuela.

On Wednesday in Miami, Bolton announced a series of new sanctions against Cuba and Venezuela, ratcheting up pressure on Maduro and the countries that support him.

In February, Spain imported some 75,920 barrels per day (bpd) of Venezuelan oil, down from 84,650 bpd the month before, when arrivals were boosted by the Repsol-PDVSA swap. The European country imported an average of 12,630 bpd of the crude during 2018.

(Reporting by Collin Eaton in Houston, Marianna Parraga in Mexico City and Isla Binnie in Madrid; Editing by Tom Brown)

Source: OANN

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UNC Basketball Team Crashes Scott Van Pelt’s Interview With Luke Maye

David Hookstead | Reporter

The UNC basketball team gave Scott Van Pelt a bit of a prank Friday night.

The ESPN host was interviewing Tar Heels star Luke Maye when several players from the team showed up.

Van Pelt seemed to be a good sport as he fed questions through Maye’s earpiece for the whole team to answer. It was a lighthearted moment that reminded us just how fun March Madness can be. (RELATED: The March Madness Bracket Has Been Released)

UNC was clearly very loose after beating Iona. There’s nothing wrong with that at all. After all, they should be having fun in the tournament.

However, Washington isn’t going to be nearly as easy to conquer. I’m not sure they’re going to be messing around on ESPN broadcasts when the Huskies show up. (RELATED: Watch Wisconsin Beat Kentucky In The 2015 Final Four)

Will the Tar Heels win? Almost certainly, but the time for jokes might be over.

That was a fun moment, but I know all the UNC diehards out there want their guys to now be laser focused. Enough with the ESPN antics.

There’s a fight with Washington on the horizon, and that’s a team with an actual pulse. It should be a fun one Sunday afternoon on CBS.

Follow David Hookstead on Twitter

Source: The Daily Caller

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After Confronting Reporters, Oliver Darcy and Will Sommer, CPAC Bans Conservative Journalist Laura Loomer

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Oxon Hill, Md. — Conservative activist Laura Loomer was banned from the annual Conservative Political Action Conference (CPAC) on Saturday after confronting or “loomering” CNN reporter Oliver Darcy and Daily Beast reporter Will Sommer on Friday.

Loomer confronted Darcy on Saturday for lobbying Twitter to get Infowars founder Alex Jones banned from the social network. She alleged that Sommer has targeted her in the past, but refused to provide details.

Loomer posted a video to YouTube and Instagram of CPAC security officials confiscating her press credentials.

One America News network correspondent Jack Posobiec tweeted that CPAC revoked Loomer’s credentials after a “george soros organization” asked them to, referring to Right Wing Watch, a organization which seeks to deplatform conservatives.

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Trump to nominate Washington lawyer ambassador to Mexico: White House

U.S. President Donald Trump attends the Greek Independence Day Celebration at the White House in Washington, U.S.
U.S. President Donald Trump attends the Greek Independence Day Celebration at the White House in Washington, U.S., March 18, 2019. REUTERS/Carlos Barria

March 19, 2019

By Rich McKay

(Reuters) – President Donald Trump will nominate a Washington attorney, Christopher Landau, to be the next United States Ambassador to Mexico, the White House Press Office said on Monday.

The nomination comes at a time of strained relations between the neighbors amid trade disputes, Trump’s complaints about undocumented immigrants crossing the border, and his efforts to build an extended border wall.

Roberta Jacobson, the previous U.S. ambassador, stepped down in May, joining a list of senior U.S. State Department officials to resign during Trump’s presidency.

Landau, now a partner at the law firm of Quinn Emanuel Urquhart & Sullivan LLP, was a law clerk for Supreme Court Justice Antonin Scalia, who died in 2016, and then for Justice Clarence Thomas, both considered court conservatives.

The White House described Landau as a constitutional and appellate attorney who has briefed and argued appeals before the Supreme Court, Federal courts of appeals, and State appellate courts.

He previously headed the appellate litigation practice at the firm of Kirkland & Ellis LLP.

In 2017, Landau served a three-year term as a member of the Judicial Conference Advisory Committee on Appellate Rules, the White House said.

No formal diplomatic experience was mentioned in the White House statement, which said Landau is fluent in Spanish.

Landau could not immediately be reached for comment.

(Reporting by Rich McKay; Editing by Darren Schuettler)

Source: OANN

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

April 26, 2019

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

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

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

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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

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

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

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

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

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

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

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

— Elizabeth Warren

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

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

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

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

Source: Fox News Politics

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