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Overt Racism of Democrats on Full Display

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Watch: Trump Protesters Have a Diaper Fetish

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Con Edison faces potential fine over breaches of safety rules

A logo of New York power utility Consolidated Edison Inc is seen in New York
A logo of New York power utility Consolidated Edison Inc is seen in New York July 1, 2012. REUTERS/Eric Thayer

March 15, 2019

(Reuters) – Energy company Consolidated Edison Inc could face a possible fine over accusations of lapses in safety rules related to gas infrastructure work in New York City, a local regulator said on Friday.

After receiving allegations in a 2016 anonymous letter that utility contractors had cheated on operator qualification exams, the New York State Public Service Commission (PSC) said it directed gas companies to look into it.

Con Edison found evidence of cheating at two contractors, the PSC said, and violations of construction requirements at work done by the contractors.

“The investigation found that the company failed to inspect work completed by its contractors during construction and at sufficient intervals to ensure compliance, and that it allowed work to be completed by plastic fusers and plastic fusion inspectors who were not qualified to do the work,” the regulator added.

A spokesman for Con Edison said the company was reviewing the order and would provide an appropriate response.

“Several years ago, we became aware of, and then reported to the PSC, suspected cheating by contractors on exams administered by an external party. Subsequent company inspections identified issues related to the work performed by those contractors,” spokesman Allan Drury said.

Con Edison has been ordered to respond to the regulator within 45 days.

(Reporting by Harshith Aranya in Bengaluru, Editing by Rosalba O’Brien)

Source: OANN

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Breaking: Texas Says Untested Vaccines Should Be Outlawed

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Donald Trump: Illegal Immigrants Met by Democrat Lawyers at the Border

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Easter Sunday explosions at multiple churches and hotels rock Sri Lanka, death tolls rises

Nearly 200 people died and hundreds more injured after six nearly simultaneous explosions struck three churches and three luxury hotels in and just outside of Sri Lanka’s capital on Easter Sunday. They were followed hours later by two more blasts.

The country’s deputy transport minister told reporters that at least 190 people died in the series of blasts – marking the bloodshed as the worst since the South Asian country’s 26-year civil war ended a decade ago.

Multiple fatalities – including nearly a dozen foreigners – resulted among worshipers and hotel guests. With a curfew imposed, police conducted a search operation on the outskirts of Colombo, where that the latest of eight blasts took place.

Defense Minister Ruwan Wijewardena described the attacks as a terrorist incident and blamed religious extremists. Prime Minister Ranil Wickremesinghe said he feared the violence could trigger instability in the country and its economy.

The first explosion occurred around 8:45 a.m. local time, with the deadliest appearing to be at St. Sebastian’s Church in Negombo, a city about 20 miles north of Colombo. Other attacks occurred at St. Anthony’s Shrine in Colombo and Zion Church in the eastern city of Batticaloa. The three hotels – the Shangri La, Cinnamon Grand and Kingsbury Hotel – all in Colombo are frequented by foreign tourists.

Sri Lankan Army soldiers secure the area around St. Anthony's Shrine after a blast in Colombo, Sri Lanka, Sunday, April 21, 2019 (AP Photo/Eranga Jayawardena)

Sri Lankan Army soldiers secure the area around St. Anthony's Shrine after a blast in Colombo, Sri Lanka, Sunday, April 21, 2019 (AP Photo/Eranga Jayawardena)

The other two blasts occurred in Dematagoda, where the occupants of a safehouse apparently detonated explosives to prevent arrest.

An official told the Associated Press that at least two of the church blasts were believed to have been coordinated attack carried out by suicide bombers.

No one immediately claimed responsibility for Sunday’s blasts.

“The United States offers heartfelt condolences to the great people of Sri Lanka,” U.S. President Donald Trump tweeted in part early Sunday. “We stand ready to help!”

Photos from the scene showed extensive damage, along with blood and debris inside the targeted churches.

U.S. Ambassador to Sri Lanka Alaina Teplitz offered her condolences over Twitter early Sunday.

"Deeply saddened by the senseless attacks in Sri Lanka today. Our thoughts are with the victims and their families. We stand with Sri Lanka’s people at this terrible moment," she tweeted.

SRI LANKA AVERTS RIFT SPILLING OVER TO UN RIGHTS SESSION

St. Sebastian's pleaded for help on its Facebook page. The explosion ripped the roof off the building and knocked out doors and windows. Churches throughout the country have been placed on alert, with many canceling Easter services.

Foreign tourists on the Classic Sri Lankan tour hurriedly took to their cellphones to text family and loved ones around the world that they were OK after the blasts.

The group was on a 15-day tour of the tropical island nation, seeing sites including huge Buddhist monuments, tea plantations, jungle eco-lodges and famed sandy beaches.

People gather outside St. Anthony's Shrine where a blast happened, in Colombo, Sri Lanka, Sunday, April 21, 2019. (Associated Press)

People gather outside St. Anthony's Shrine where a blast happened, in Colombo, Sri Lanka, Sunday, April 21, 2019. (Associated Press)

Sri Lankan Member of Parliament Harsha de Silva tweeted Sunday of "many casualties including foreigners."

"Sec Defence and I am at Kochchikade church. Also was at ShangriLa n Kingsbury. PM is on his way from Bentota. Emergency meeting called in a few minutes. Rescue operations underway. Please stay calm and indoors. Many casualties including foreigners," he posted.

"Horrible scenes. I saw many body parts strewn all over. Emergency crews are at all locations in full force. We, at 1990 also have close to 20 units at the various locations. We took multiple casualties to hospital. Hopefully saved many lives," he continued.

The Archbishop of Colombo, Cardinal Malcolm Ranjith, called on Sri Lanka's government to launch a "very impartial strong inquiry" and to punish those found responsible "mercilessly because only animals can behave like that."

There was an outpouring of condemnation from around the world following the attacks.

Pope Francis denounced the "cruel violence" at the end of his traditional Easter Sunday blessing. 

Speaking from the loggia of St. Peter's Basilica, Francis said: "I want to express my loving closeness to the Christian community, targeted while they were gathered in prayer, and all the victims of such cruel violence."

He added: "I entrust to the Lord all those who were tragically killed and pray for the injured and all those who are suffering as a result of this dramatic event."

British Prime Minister Teresa May tweeted "We must stand together to make sure that no one should ever have to (practice) their faith in fear."

New Zealand Prime Minister Jacinda Ardern condemned the "devastating" attacks, and referred to the March 15 shootings at two mosques in the New Zealand city of Christchurch in which 50 died.

"New Zealand condemns all acts of terrorism and our resolve has only been strengthened by the attack on our soil," Ardern said. "New Zealand rejects all forms of extremism and stands for freedom of religion and the right to worship safely."

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Sri Lankan security forces in 2009 defeated Tamil Tiger rebels who had fought to create an independent homeland for the country's ethnic minority Tamils. The U.N. initially estimated the death toll from 26 years of fighting to be about 100,000 but a U.N. experts' panel later said some 45,000 ethnic Tamils may have been killed in the last months of the fighting alone.

The Associated Press contributed to this story.

Source: Fox News World

0 0

Fed should consider holding more short-term bonds: Rosengren

FILE PHOTO: The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks during the
FILE PHOTO: The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks during the "Hyman P. Minsky Conference on the State of the U.S. and World Economies", in New York, April 17, 2013. REUTERS/Keith Bedford

March 26, 2019

HONG KONG – The Federal Reserve should consider raising the proportion of short-term Treasury bonds it holds to give itself more options to respond to economic pullbacks, a top policy maker said on Tuesday.

In remarks to be delivered in Hong Kong, Eric Rosengren, president of the Federal Reserve Bank of Boston, offered a hard-line defense for one of policy makers’ most controversial responses to the 2008 global financial crisis: bond buying.

He is the third Fed policymaker in two days to weigh in on exactly what bonds the Fed should keep and why, following speeches by his counterparts in Chicago and Philadelphia. Rosengren, who is a voter this year on the Fed’s policy-setting committee, said holding shorter-term bonds could help the U.S. central bank in a future crisis by giving officials a security they could exchange for longer-term bonds to push those rates down without expanding their balance sheet.

Interest rates, he said, would likely hit their lower limits near zero percent again during a recession and bond buying would be an option. The Fed currently targets short-term rates between 2.25 and 2.5 percent.

“Some have suggested that the Fed’s balance sheet is partly responsible for financial market volatility at the end of 2018, but I disagree,” Rosengren said in remarks prepared for delivery at the Credit Suisse Asian Investment Conference in Hong Kong. “The Federal Reserve’s balance sheet decline has been quite gradual, and proceeded along roughly the same path when stock prices have been rising as when stock prices have been falling.”

The Fed bought bonds to help the economy after the financial crisis, but drew criticism for a policy seen increasing the risk of inflation or financial instability.

Last year, the Fed was criticized for letting the bonds disappear. President Donald Trump pressed the central bank to stop the balance sheet runoff on Twitter, and shares sank on Wall Street after Fed Chairman Jerome Powell said in December that plans to trim the holdings were on “automatic pilot.”

In January, the Fed said it would be willing to adjust its plans if financial conditions warranted. Last week policymakers announced the runoff would end by September.

The Fed may have to decide to buy assets again even in the absence of a recession, Rosengren said, to keep a significant amount of bank reserves. Policy makers now control rates by paying banks a percentage on the assets they keep in reserve, but those are likely to decline from current levels for reasons out of the Fed’s control.

“I dare say it is important for market observers, lawmakers and the public to become more comfortable with the benefits of central banks using their balance sheet tools to pursue the public interest,” Rosengren said.

(Reporting by Noah Sin in Hong Kong; Writing by Trevor Hunnicutt in New York; Editing by Leslie Adler)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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Source: InfoWars

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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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