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NFL transactions: Chargers release Addae

NFL: Los Angeles Chargers at Denver Broncos
Dec 30, 2018; Denver, CO, USA; Los Angeles Chargers strong safety Jahleel Addae (37) makes an interception in the second quarter against the Denver Broncos at Broncos Stadium at Mile High. Mandatory Credit: Isaiah J. Downing-USA TODAY Sports

March 9, 2019

The Los Angeles Chargers released starting safety Jahleel Addae, the team announced on Saturday.

Addae recorded 75 tackles while starting all 16 games last season. He started 59 of 80 games played in six seasons with the Chargers, recording two interceptions and 4.5 sacks.

–Tight end Dwayne Allen reportedly has agreed to a two-year, $7 million with the Miami Dolphins, according to the NFL Network.

Allen, who had 13 receptions for 113 yards in two seasons with New England, recently was cut by the Patriots. He will be playing for new coach Brian Flores, the former New England defensive coordinator.

–The New Orleans Saints agreed to a three-year, $9 million contract with safety Chris Banjo, according to the NFL Network. Banjo had two interceptions last season but primarily has worked on special teams during six NFL seasons with the Green Bay Packers (2013-16) and Saints (2016-18).

–Defensive tackle Michael Pierce and linebacker Patrick Onwuasor are expected to receive second-round tenders from the Baltimore Ravens, according to the NFL Network. Both players will be restricted free agents.

–Field Level Media

Source: OANN

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Interior Department Backtracks On Casino Decision After Tribal Lawsuit

Tim Pearce | Energy Reporter

The Interior Department approved a new tribal casino in Connecticut, reversing its original decision to scuttle the project after a tribe involved sued.

The Bureau of Indian Affairs (BIA) approved the project in March and published a notice of the approval in the Federal Register Friday. The BIA originally blocked the casino – a partnership between the Mashantucket Pequot and Mohegan tribes – in April 2017, prompting a lawsuit from the tribes. (RELATED: DOI Spikes Native American Plan To Build A Casino 12 Miles From An MGM Resort)

The reversal negates the lawsuit against the Interior Department, Politico reported. The lawsuit alleged former Interior Secretary Ryan Zinke caved to political pressure from MGM Resorts International, which operates a new casino 12 miles away from the site of the proposed tribal casino, in making the earlier decision.

“Now that the approval of our Amendment is secured and our exclusivity agreement with the State of Connecticut is reaffirmed, we will move forward with construction on Tribal Winds Casino in East Windsor and preserve much needed jobs and revenue,” Rodney Butler, chairman of the Mashantucket Pequot Tribal Nation, said in a statement, according to The Associated Press.

Mashantucket Pequot and Mohegan tribes partnered together in 2014 to create a private company that would build the Tribal Winds Casino off reservation land. Memos circulated within the Interior Department suggested Interior officials intended to sign off on the project.

US Secretary of the Interior Ryan Zinke arrives at the US Capitol prior to the service for former President George H. W. Bush in Washington, DC, USA, 03 December 2018. Shawn Thew/Pool via REUTERS

U.S. Secretary of the Interior Ryan Zinke arrives at the U.S. Capitol prior to the service for former President George H. W. Bush in Washington, D.C., Dec.  3 2018. Shawn Thew/Pool via REUTERS

Zinke’s action provoked an inspector general investigation into the former secretary to search for improper political influence.

The situation arose out of a 2017 state law that required the Department of the Interior to sign off on amended agreements between the tribes and the state of Connecticut. Lawmakers in the state legislature are now debating on scrapping the law, AP reported.

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Source: The Daily Caller

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Hillary Clinton: Impeachment Not Only Solution to 2016 Elex Attack

America has to fix the attack by Russia on the 2016 election, but it’s a “false choice” to conclude impeachment is the only solution, according to Hillary Clinton.

In a commentary posted by The Washington Post, the 2016 Democratic presidential nominee said “this is bigger than politics.”

“A crime was committed against all Americans, and all Americans should demand action and accountability,” she wrote.

“Our founders envisioned the danger we face today and designed a system to meet it. Now it’s up to us to prove the wisdom of our Constitution, the resilience of our democracy and the strength of our nation.”

According to Clinton, Congress has to “get it right.”

Mueller’s report “is a road map,” she wrote, but asserted the debate about how to respond and “how to hold President [Donald] Trump accountable for obstructing the investigation and possibly breaking the law …has been reduced to a false choice: immediate impeachment or nothing.”

“What our country needs now is clear-eyed patriotism, not reflexive partisanship,” she wrote.

“It’s up to members of both parties to see where that road map leads — to the eventual filing of articles of impeachment, or not,” she wrote. “Either way, the nation’s interests will be best served by putting party and political considerations aside and being deliberate, fair and fearless.”

Secondly, she said Congress has to hold “substantive hearings that build on the Mueller report and fill in its gaps” before heading right for impeachment — and asserted “Watergate offers a better precedent” with its televised hearings.

“Similar hearings with Mueller, former White House counsel Donald McGahn and other key witnesses could do the same today.”

Also, she said, the nation needs a commission like the one formed after 9/11 to be established by Congress “to recommend steps that would help guard against future attacks.”

Clinton also warned Democrats that they will have to “stay focused on the sensible agenda that voters demanded in the midterms, from protecting health care to investing in infrastructure.”

Source: NewsMax Politics

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Asia stocks up slightly, eyes on U.S.-China talks, Fed minutes

A visitor is seen as market prices are reflected in a glass window at the TSE in Tokyo
FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai

February 20, 2019

By Hideyuki Sano

TOKYO (Reuters) – Asian stocks gained a tad on Wednesday after U.S-China trade talks resumed while investors awaited minutes from the U.S. Federal Reserve for clues on policymakers’ thinking on interest rates and its balance sheet reduction policy.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade. Japan’s Nikkei gained 0.4 percent.

In New York, the S&P 500 gained 0.15 percent, helped by upbeat results from Walmart while the Nasdaq rose 0.19 percent, logging its seventh straight session of gains.

U.S. President Donald Trump said on Tuesday that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a “magical” date.

U.S. tariffs on $200 billion worth of Chinese imports are currently scheduled to rise to 25 percent from 10 percent if no trade deal is reached by March 1.

Investors now expect Trump to meet Chinese President Xi Jinping next month to strike a deal.

“They will likely agree on China importing a larger amount of natural gas and agricultural products,” said Nobuhiko Kuramochi, chief strategist at Mizuho Securities adding that China will also “open up a part of its domestic financial services and possibly some manufacturing sectors”.

But he predicted China “will not back down on so-called structural issues. The two countries may perhaps agree to set up a body to continue discussing those issues. Markets are already in the middle of pricing in these things.”

The two countries started a new round of talks to resolve their trade war on Tuesday, and sessions at a higher level are planned later this week, with Chinese Vice Premier Liu He visiting Washington on Thursday and Friday.

Investors also look to the release later on Wednesday of minutes from the Federal Reserve’s January policy-setting meeting, where policymakers took a dovish turn, effectively signaling no further rate hikes.

New York Fed President John Williams endorsed such an outlook, telling Reuters on Tuesday he was comfortable with the level U.S. interest rates are at now and that he sees no need to raise them again unless economic growth or inflation shifts to an unexpectedly higher gear.

In the currency market, the euro firmed to $1.1335, bouncing back from Friday’s three-month low of $1.1234, on the back of improving risk appetites.

The dollar stood flat 110.50 yen, off Thursday’s seven-week peak of 111.13.

The British pound soared to $1.3063 on Tuesday, gaining 1.09 percent, a move some traders attributed to rising hopes Prime Minister Theresa May will make progress in seeking changes to her Brexit deal with the European Union.

The Chinese yuan firmed slightly to 6.7400 per dollar, its highest level in about three weeks.

Bloomberg reported on Tuesday that the United States was seeking to secure a pledge from China that it will not devalue its yuan currency as part of a trade deal.

Oil prices held near three-month highs on tightening supplies though their rally have stalled for now.

U.S. crude futures stood at $56.04 per barrel, down 0.1 percent, in early Asian trade. They hit a three-month high of $56.33 on Tuesday.

Gold traded at $1,228.30 per ounce, after rising to $1,341.9 on Tuesday.

(Editing by Richard Borsuk)

Source: OANN

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Very Large Telescope spots the Cosmic Bat

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Trump done playing ‘nice’ at the border; Biden has potential ‘Creepy Uncle Joe’ problem #MAGAFirstNews w/ @PeterBoykin

Trump done playing 'nice' at the border; Biden has potential 'Creepy Uncle Joe' problem #MAGAFirstNews w/ @PeterBoykin TRUMP: NO MORE PLAYING 'NICE' AT THE BORDER - President Trump has threatened to shut down the southern border this week to combat the illegal immigration crisis and in a tweet sent Sunday night, he suggested he was done playing Mr. Nice Guy ... "The Democrats are allowing a ridiculous asylum system and major loopholes to remain as a mainstay ... See More of our immigration system," Trump tweeted. "Mexico is likewise doing NOTHING, a very bad combination for our Country. Homeland Security is being sooo very nice, but not for long!" Meanwhile, Trump has also vowed to cut direct aid to El Salvador, Guatemala and Honduras as their citizens flee north toward the U.S. in caravans. Mexican officials said Sunday they will give out humanitarian visas on a "limited basis" to some of the roughly 2,500 Central American and Caribbean migrants gathered in the southern state of Chiapas.

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Globalism: Australia Orders US Video Streaming Platform to Remove Videos or Face Action

This is an emergency alert concerning Brighteon.com, the free speech video platform alternative to YouTube.

I’m writing this at 12:45 am, March 21st. The Brighteon platform is now under extreme threat by upstream infrastructure providers over users posting footage of the New Zealand Christchurch shooting. We are being threatened to remove all the videos or face complete annihilation online, starting with being de-platformed from infrastructure providers, followed by legal action from none other than the nation of Australia (not even New Zealand itself, but Australia and it’s “Office of the eSafety Commissioner.”)

We anticipated this exact scenario many months ago, and we have been feverishly building alternative internal infrastructure to eliminate any dependencies on upstream infrastructure providers, to the extent that such a configuration is possible. However, we are still several months away from completion of that build out phase. Sadly, over the next few hours we are being forced — essential “at gunpoint” (the irony being completely lost of the fascists who now control the ‘net) — to delete all videos containing footage of the New Zealand shooting.

If we refuse to take this action, then ALL the videos on Brighteon will essentially be de-platformed, and none of them will be viewable by the public. The entire website will be annihilated.

Make no mistake: We are facing extreme online fascism, censorship and authoritarian speech police who are exploiting the New Zealand operation to roll out a totalitarian police state across the ‘net. The excuse we are being given is that hosting or sharing the videos is “promoting violence” — an absurd claim on its face. If videos that depict violence are so harmful to the public, then why did the entire mainstream media play the 9/11 twin towers attack videos a million times over, burning the imagery into the minds of the American people? In that attack, over 3,500 Americans died, yet no one claimed that showing the video was promoting violence.

If violent action sequences are “promoting violence,” then why isn’t every Hollywood action movie banned? Why aren’t the million other violent YouTube videos banned? Why is it perfectly acceptable to show video footage of Adolf Hitler’s Third Reich torturing and killing Jews in concentration camps? Have we really reached the point where videos that show Jews being mass murdered are perfectly okay, but videos that show followers of Islam being murdered are criminalized? I thought all genocide was evil, and burying it through censorship is not going to make the hatred go away. If we are to recognize the source of these conflicts and acts of violence, we must be willing to see what actually took place. But today, even viewing certain particular videos is now essentially considered a multi-national crime.

Somehow, this New Zealand shooting video — in which rifle brass disappears mid-air, by the way, like magical ammo — is being invoked to justify the ultimate free speech crackdown across the ‘net. Anyone who dares examine the forensic video evidence, ask intelligent questions about the shooting or question the official narrative is now being threatened with internet-wide de-platforming and possible legal action.

We have reached the state of “total censorship” on the ‘net. This is the beginning of the end of humanity, since no voices, views or opinions that contradict “official narratives” are going to be allowed anywhere online.

As InfoWars also covered earlier today, the next escalation of censorship will involve banning URLs from browsers, meaning Chrome, FireFox, etc. will not even allow you type in “Brighteon.com” or “Infowars.com” or any other site the globalist controllers don’t want you to see. They will use another false flag shooting as justification to ban any URL they want, always in the name of “public safety.”

In truth, globalists believe that anyone who thinks for themselves is a threat to public safety. Therefore, all non-conformists, dissenters, independent thinkers or outspoken voices of truth must be systematically silenced by all the tech giants, including: Google, Apple, Twitter, Amazon, YouTube, Snapchat, Pinterest and others. Together, they now operate a global cabal — an online mafia — that demands absolute obedience to irrational demands.

Sadly, unless either the Trump administration or We the People rise up and overthrow these techno-fascist monstrosities, humanity is now enslaved under absolute online tyranny. No independent thought is allowed from this day forward.

In terms of practical actions, we have been building an “underground” information hub for many months — a new solution that will make content available to human eyes but invisible to all search engines and computer algorithms. Sadly, human truth is going to have to move to “underground” status to evade de-platforming efforts by totalitarian fascists.

I will record a strong video follow-up message in the coming days and post it on Brighteon, unless the internet tyrants annihilate it first. We are working hard to protect free speech, but the globalists are now holding loaded guns at our head and saying they will pull the trigger if we do not comply. For the moment, we are forced to comply in order to save all the other videos on the platform. However, in the long run, we have no intention whatsoever to comply with tyranny and authoritarianism.

Source: InfoWars

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

Source: OANN

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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