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Sheriff: Man killed, shot at police for more than 30 minutes

Authorities say a man fired on police officers for more than 30 minutes before officers fatally shot him in South Carolina.

Berkeley County Sheriff Duane Lewis says no officers were hit by gunfire Tuesday afternoon, although one deputy was pinned down behind his sheriff's SUV.

Lewis says the suspect yelled he was going to finish the deputy off as he kept firing shots at the vehicle. The sheriff's office sent a picture on Twitter of a police SUV with a dozen bullet holes in the windshield.

Lewis said at a news conference that an officer was called to a neighborhood in Huger to investigate someone speeding.

Lewis says the suspect had a handgun, rifle and shotgun.

Huger is 25 miles (40 kilometers) northeast of Charleston.

The man's name wasn't released.

Source: Fox News National

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It Begins: Former UN Under-Secretary-General Calls For One World Currency

This year, the world commemorates the anniversaries of two key events in the development of the global monetary system. The first is the creation of the International Monetary Fund at the Bretton Woods conference 75 years ago. The second is the advent, 50 years ago, of the Special Drawing Right (SDR), the IMF’s global reserve asset.

When it introduced the SDR, the Fund hoped to make it “the principal reserve asset in the international monetary system.” This remains an unfulfilled ambition; indeed, the SDR is one of the most underused instruments of international cooperation. Nonetheless, better late than never: turning the SDR into a true global currency would yield several benefits for the world’s economy and monetary system.

The idea of a global currency is not new. Prior to the Bretton Woods negotiations, John Maynard Keynes suggested the “bancor” as the unit of account of his proposed International Clearing Union. In the 1960s, under the leadership of the Belgian-American economist Robert Triffin, other proposals emerged to address the growing problems created by the dual dollar-gold system that had been established at Bretton Woods. The system finally collapsed in 1971. As a result of those discussions, the IMF approved the SDR in 1967, and included it in its Articles of Agreement two years later.

Although the IMF’s issuance of SDRs resembles the creation of national money by central banks, the SDR fulfills only some of the functions of money. True, SDRs are a reserve asset, and thus a store of value. They are also the IMF’s unit of account. But only central banks – mainly in developing countries, though also in developed economies – and a few international institutions use SDRs as a means of exchange to pay each other.

The SDR has a number of basic advantages, not least that the IMF can use it as an instrument of international monetary policy in a global economic crisis. In 2009, for example, the IMF issued $250 billion in SDRs to help combat the downturn, following a proposal by the G20.

Most importantly, SDRs could also become the basic instrument to finance IMF programs. Until now, the Fund has relied mainly on quota (capital) increases and borrowing from member countries. But quotas have tended to lag behind global economic growth; the last increase was approved in 2010, but the US Congress agreed to it only in 2015. And loans from member countries, the IMF’s main source of new funds (particularly during crises), are not true multilateral instruments.

The best alternative would be to turn the IMF into an institution fully financed and managed in its own global currency – a proposal made several decades ago by Jacques Polak, then the Fund’s leading economist. One simple option would be to consider the SDRs that countries hold but have not used as “deposits” at the IMF, which the Fund can use to finance its lending to countries. This would require a change in the Articles of Agreement, because SDRs currently are not held in regular IMF accounts.

The Fund could then issue SDRs regularly or, better still, during crises, as in 2009. In the long term, the amount issued must be related to the demand for foreign-exchange reserves. Various economists and the IMF itself have estimated that the Fund could issue $200-300 billion in SDRs per year. Moreover, this would spread the financial benefits (seigniorage) of issuing the global currency across all countries. At present, these benefits accrue only to issuers of national or regional currencies that are used internationally – particularly the US dollar and the euro.

More active use of SDRs would also make the international monetary system more independent of US monetary policy. One of the major problems of the global monetary system is that the policy objectives of the US, as the issuer of the world’s main reserve currency, are not always consistent with overall stability in the system.

In any case, different national and regional currencies could continue to circulate alongside growing SDR reserves. And a new IMF “substitution account” would allow central banks to exchange their reserves for SDRs, as the US first proposed back in the 1970s.

SDRs could also potentially be used in private transactions and to denominate national bonds. But, as the IMF pointed out in its report to the Board in 2018, these “market SDRs,” which would turn the unit into fully-fledged money, are not essential for the reforms proposed here. Nor would SDRs need to be used as a unit of account outside the Fund.

The anniversaries of the IMF and the SDR in 2019 are causes for celebration. But they also represent an ideal opportunity to transform the SDR into a true global currency that would strengthen the international monetary system. Policymakers should seize it.

We are being primed and propagandized to desire this inevitability! Coming just a day after the Saudis threatened to end the Petrodollar, Ocampo’s op-ed is well-timed to say the least.

As we noted previously, nothing lasts forever.


Alex Jones breaks down how the globalists are attempting to collapse civilization within the next six months by intensifying their migrant fueled destabilization of the west alongside the chemical castration of the population by targeting food, water, and air with toxic pollutants worldwide. Their goal is to cull the population down to an easily manipulated / controlled few under their technocracy.

Source: InfoWars

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Nicaragua 'marathon man' protester defiant from house arrest

Grasping the iron bars at his home, Alex Vanegas is taken back to the dark prison cells where he spent the previous four months talking to fellow inmates through holes in the walls that also let in rats, scorpions and cockroaches.

During the unrest that rocked Nicaragua last year, Vanegas became a prominent symbol of opposition to President Daniel Ortega, instantly recognizable for his salt-and-pepper beard and shirts emblazoned with anti-government slogans as he jogged through the streets of Managua in the blue and white of his country's flag.

Arrested again and again, he was conditionally released in late February after four months in jail but is now barred from leaving his house.

Being cooped up hasn't cooled Vanegas' defiant belief that Ortega must leave office, even if for now he has to eschew public protest.

"All Nicaragua is a prison," the diminutive 62-year-old told The Associated Press in an interview.

A longtime athlete, Vanegas competed in track tournaments until he was 46, when he retired due to various maladies. He worked as a business administrator and in sales, and he also managed a roving DJ business.

Vanegas was moved to run again when student-led demonstrators took to the streets nearly a year ago to demand that Ortega leave office and allow early elections — only for hundreds to die in a crackdown by security forces and armed civilian militias backing the president.

"On April 20 I was watching television and I saw Alvarito Conrado die," Vanegas said, referring to a 15-year-old shot in the neck as he carried water to university students hunkered down at a barricade. "I was filled with anger, and I decided to run as a way of releasing that rage and that sorrow."

He began by running around traffic circles in the capital, many of which are adorned by huge, colorful "trees of life" metal sculptures that were sponsored by and have become synonymous with Ortega's powerful first lady and vice president, Rosario Murillo.

"At first I would do a lap for every young person killed. ... Then it was 10, 20, 30," Vanegas said. "And as every day there were more and more dead, I ran more and more laps."

Nicaraguans took notice. Many took to calling Vanegas "el maratonista" — roughly "marathon man." Others mused he was Nicaragua's version of Forrest Gump, the title character in the 1994 Oscar-winning film starring Tom Hanks.

He started receiving unsolicited gifts: hats, flags, bottles of water, a pair of shoes. Independent media outlets portrayed him as a symbol of a spreading rebellion.

"I run to force Ortega out," read the message on one of his T-shirts that, along with his cellphones, were confiscated by police each time he was arrested. They also took from him dozens of Nicaraguan flags, a symbol favored by the opposition against the red-and-black flags of Ortega's Sandinista movement.

Vanegas didn't always feel that way. As a young man, he said, he supported Ortega's struggle that ousted dictator Anastasio Somoza and was jailed for four months as an urban guerrilla fighting for the Sandinista National Liberation Front.

He celebrated the triumph of the Sandinista revolution in 1979, but soon soured on what he saw as its authoritarian politics.

"Alex has become a symbol due to his bravery and his rebellion. Thousands of people love him because he represents everything that the people would like to do but can't," said activist Carla Sequeira of the non-governmental group Permanent Commission on Human Rights.

The government, not surprisingly, takes a different view.

Ortega and his allies have characterized protesters as "coup plotters" and "terrorists," and that has included Vanegas.

On Aug. 13, when Vanegas promoted a run under the slogan "Nicaragua wants justice," Murillo alluded to him by saying he was "making a fool of himself" running around in shorts. "The same ones as always — those who sell out their nation, the traitors," she added.

"I think he felt motivated by those (opposition) mobilizations and discovered that the way to show his political feeling and his solidarity was to have that permanent marathon," said Cairo Amador, a member of a truth commission created by Nicaragua's Sandinista-controlled legislature at the direction of Ortega.

Asked about Vanegas' popularity, Amador said, ironically, "It's because we don't have any other marathon runner in Nicaragua, at least not one with his constancy and perseverance."

Vanegas was arrested five times and released. Then, on Nov. 2, he was taken into custody at a Managua cemetery while accompanying victims' relatives on Day of the Dead. He spent four months behind bars.

The first 60 days were at El Chipote prison. Vanegas said he was poorly fed and had no access to sunlight, and it partially harmed his vision. The next two months were at Modelo prison, where Vanegas said he was not tortured but lived with vermin as cellmates.

The "marathon man" was one of about 100 people deemed political prisoners by rights groups who were granted conditional release Feb. 27, the same day Ortega's government resumed long-stalled talks with the Civic Alliance opposition group.

While negotiators have agreed on a roadmap for the talks, Vanegas sees the process as fraught with pitfalls "because reconciliation cannot be imposed by decree, and this government has committed crimes against humanity."

According to the Inter-American Commission on Human Rights, at least 325 people were killed in the unrest and more than 2,000 wounded, while more than 50,000 fled Nicaragua. The government puts the death toll at 198.

The day after he was released, Vanegas laced up his shoes and began running through his neighborhood, surrounded a pack of journalists. Twice police detained him and warned him not to leave home.

So he stopped. The tiny, dark and cluttered house in the working-class neighborhood of La Luz is being watched day and night, he said, with police patrols passing every half hour.

Vanegas lives alone because his partner was allegedly warned she should stay away from him. His four children visit and bring food, "but they are also afraid," he said.

"I risked my life to put Daniel Ortega in power," Vanegas said, "and now he has me locked up in my own home."

Source: Fox News World

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House passes resolution calling for public release of Mueller report

The House of Representatives voted Thursday in favor of a resolution to encourage Attorney General William Barr to release Special Counsel Robert Mueller’s full report to both Congress and the country amid Democratic fears information about the investigation would not be made public.

The resolution enjoyed overwhelming bipartisan support and passed in a floor vote 420-0. Four Republican lawmakers voted present.

“Congress will not accept any effort to bury this report,” Rep. Adam Schiff, D-Calif., the chairman of House Intelligence Committee, said on the House floor Thursday. “Anything less than full transparency would be unacceptable.”

Since the measure is a non-binding resolution, Mueller, Barr and President Trump cannot be forced to release more information to Congress and the public than the Justice Department and federal law require. Republicans were quick to point out that – despite their support for the resolution – because the resolution was non-binding, it had little sway over whether or not the report is released to the public.

ROSENSTEIN, FMR FBI DIRECTOR MCCABE NEED TO TESTIFY ABOUT APPARENT PLOT TO REMOVE TRUMP, GOP SAYS

Barr testified during his confirmation hearings in February that, as he understands the regulations governing the special counsel, the report will be confidential – and any report that goes to Congress or the public will be authored by the attorney general.

Some Democrats sounded the alarm after Barr's testimony, with Connecticut Democratic Sen. Richard Blumenthal charging that Barr indicated he'd exploit legal "loopholes" to hide Mueller's final report from the public and to resist subpoenas against the White House.

"I will commit to providing as much information as I can, consistent with the regulations," Barr had told Blumenthal when asked if he would ensure that Mueller's full report was publicly released.

Mueller's team is still leading several prosecutions, including against longtime Trump adviser Roger Stone on charges of witness tampering and lying to Congress, and against former national security adviser Michael Flynn, who awaits sentencing on charges he lied to FBI agents during the Russia probe. Flynn is cooperating as part of a separate Foreign Agents Registration Act case regarding lobbying work in Turkey as part of his plea deal.

CLICK HERE TO GET THE FOX NEWS APP

Thursday’s resolution vote came on the same day it was announced that one of Mueller’s top prosecutors in the Russia investigation will soon leave his post – prompting more speculation that the probe is wrapping up.

Andrew Weissmann, who will leave the investigation reportedly to teach at New York University, helped build the case against President Donald Trump’s former campaign manager Paul Manafort, who was recently sentenced to more than seven years in prison following two cases related to the Mueller probe.

Weissmann has been a frequent target of conservative legal interest groups and supporters of the president. Author Michael Wolff said former Trump advisor Steve Bannon told him that Weissmann was like "the LeBron James of money laundering investigations."

Fox News’ Gregg Re and Luis Casiano contributed to this report.

Source: Fox News Politics

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Beto O'Rourke's 2020 bid draws mixed reactions in El Paso, Texas

Proper Printshop began printing the shirts as soon as they opened at 10 a.m. on Thursday.

The clothing featured phrases like “Beto 2020” with an image of the former El Paso, Texas, congressman wearing Old Glory sunglasses.

“It’s cool to know that someone from El Paso, a town like ours, can strive to do something that incredible,” designer Patrick Gabaldon said of Beto O’Rourke’s decision to enter the crowded field of Democratic presidential candidates.

WHY BETO O'ROURKE COULD BE DEMS' 2020 NOMINEE AGAINST TRUMP

Democratic presidential candidate Beto O'Rourke met with voters in Iowa, sharing his views on healthcare and climate change, among several issues.

Democratic presidential candidate Beto O'Rourke met with voters in Iowa, sharing his views on healthcare and climate change, among several issues. (Fox News)

CLICK HERE TO GET THE FOX NEWS APP

Gabaldon first created the images when O’Rourke was running for the Senate seat against incumbent Ted Cruz last year, a race that propelled O'Rourke into the national spotlight.

While he ultimately lost that midterm election to Cruz by a few percentage points, O’Rourke gained name recognition and became known for his fundraising prowess, raising an eye-popping $80 million during his run.

Though he initially said he wasn’t going to make a presidential run, O’Rourke reversed that decision, announcing in the wee hours of Thursday morning.

"Amy and I are happy to share with you that I'm running to serve you as the next president of the United States of America,” he said in a video.

By noon, several people had requested the shirts. Excitement among El Pasoans was growing.

WHO'S STILL ON THE FENCE FOR 2020? AFTER BETO, THESE DEMS COULD JUMP IN NEXT 

Proper Printshop made several shirts featuring O'Rourke, a few hours after the El Paso native announced his decision on social media. Several people have since requested the shirts. 

Proper Printshop made several shirts featuring O'Rourke, a few hours after the El Paso native announced his decision on social media. Several people have since requested the shirts.  (Fox News)

“I think he’s going to be a good run. I think he’ll do much better [than] our current president. And, I’m just a Democratic person. So he has my vote,” said Alan Zambrano.

O’Rourke was in Iowa for the first few stops along his campaign trail. He visited Keokuk, Fort Madison, Burlington, and Muscatine, rallying voters and sharing his views for the country.

He called for guaranteed, high-quality health care and action on climate change.

"This is our final chance, the scientists are absolutely unanimous on this, that we have no more than 12 years to take incredibly bold action on this crisis,” said O’Rourke.

Still, some are less than enthused about his run.

“I am not in support of him as a candidate. I believe that the Democrats have to sort out what they’re going to do. I believe that President Trump will continue as the president, and I wish Beto the best of luck,” said Steven Nagy.

Others say they have little faith in the political system at all.

O'Rourke gained national prominence last year while running for the Senate against Sen. Ted Cruz. He became known for his fund-raising prowess, though he ultimately lost the race. 

O'Rourke gained national prominence last year while running for the Senate against Sen. Ted Cruz. He became known for his fund-raising prowess, though he ultimately lost the race.  (Fox News)

“I’m disillusioned with the representation of the people. I feel that our political leaders are more representing the big business and money than the individuals themselves throughout the U.S,” said Tafari Nugent.

Though some say O’Rourke’s candidacy raises excitement among Texans, politics professor Todd Curry, from the University of Texas at El Paso, is wary of notions that the candidate could flip this red state.

“I still think we have to wait a few more election cycles until Texas is put into play,” said Curry.

O’Rourke is set to hold a kickoff rally in El Paso on March 30.

Source: Fox News Politics

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EU top court overturns Brussels block of German green charge exemption

FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil
FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela RehlE/File Photo

March 28, 2019

BRUSSELS (Reuters) – Germany’s exemptions for heavy industry to a green energy surcharge were legal, the European Union’s top court said on Thursday in a ruling that overturned a 2014 decision of the EU antitrust regulator.

The European Commission, which is responsible for competition policy in the EU, had ordered Germany to recoup some of the multi-billion-euro reductions on the green surcharge it granted in 2013 and 2014 to some 2,000 heavy energy users, such as chemical giant BASF and steelmaker ThyssenKrupp.

The Commission’s decision was backed by the EU general court in a ruling in 2016. But the European Court of Justice on Thursday overturned that verdict, saying Brussels had not proved that the exemptions offered to the German companies were illegal state aid.

(Reporting by Francesco Guarascio; editing by Philip Blenkinsop)

Source: OANN

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Rep. Ilhan Omar probed for allegedly spending $6,000 of campaign funds on divorce attorney, personal travel

U.S. Rep. Ilhan Omar, D-Minn., will soon learn the conclusions of an investigation into allegations that she violated campaign spending laws during her time as a state lawmaker -- including accusations that she used campaign money to pay for her divorce attorney and personal travel.

The culmination of the state probe is just the latest potential controversy for Omar, an embattled freshman in Congress who has repeatedly faced criticism for comments about Israel and U.S. foreign policy.

REP. ILHAN OMAR'S 'ANTI-SEMITIC TROPES' PROMPT JEWISH NEW YORK DEM TO APOLOGIZE TO CONSTITUENTS

In the state case, Minnesota state Rep. Steve Drazkowski, a Republican, alleged that Omar spent around $6,000 in campaign money on her divorce attorney and travels to Estonia and Boston, Sinclair reported.

The Minnesota Campaign Finance Board was alerted after Omar, who was a state representative between 2017 and 2019, had to repay $2,500 that she accepted for speeches and higher education institutions funded by the government.

The repayment stems from another complaint filed by Drazkowski. The ruling on the investigation is expected within the next month.

“I had observed a long pattern,” Drazkowski told the outlet. “Representative Omar hasn't followed the law. She's repeatedly trampled on the laws of the state in a variety of areas, and gotten by with it.”

“Representative Omar hasn't followed the law. She's repeatedly trampled on the laws of the state in a variety of areas, and gotten by with it.”

— Minnesota state Rep. Steve Drazkowski

2020 DEMOCRATIC CANDIDATES CIRCLING WAGONS AROUND ILHAN OMAR AFTER ISRAEL COMMENT UPROAR

Omar, 37, an immigrant from Somalia who came to the U.S. with her family in 1995, previously denied the allegations, insisting that her payment to attorney Carla Kjellberg, who represented her in the dissolution of her marriage, was merely a compensation for providing crisis management services during her run for the Minnesota state House, the Minneapolis Star Tribune reported.

Omar has faced constant controversy since joining the U.S. House in January. She first came under fire after a 2012 tweet resurfaced in which Omar wrote, “Israel has hypnotized the world, may Allah awaken the people and help them see the evil doings of Israel.”

She then drew bipartisan uproar in February after she falsely suggested Jewish politicians in the U.S. were bought by AIPAC, a non-partisan organization that seeks to foster the relationship between the U.S. and Israel.

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Omar then reignited the controversy, saying groups supportive of Israel were pushing members of Congress to have “allegiance to a foreign country,” echoing an anti-Semitic trope of dual loyalty.

Source: Fox News Politics

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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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