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U.S. science museum ‘concerned’ by event to honor Brazil’s Bolsonaro

Brazil's President Jair Bolsonaro, reacts during a ceremony marking his first 100 days in office at the Planalto Palace in Brasilia
Brazil's President Jair Bolsonaro, reacts during a ceremony marking his first 100 days in office at the Planalto Palace in Brasilia, Brazil April 11, 2019. REUTERS/Adriano Machado

April 12, 2019

By Jake Spring

BRASILIA (Reuters) – The American Museum of Natural History said on Friday that it is “concerned” an event booked to be held at the New York museum will honor far-right Brazilian President Jair Bolsonaro as a “person of the year,” a move that has triggered online outrage.

The Brazilian-American Chamber of Commerce is holding its annual Person of the Year gala at the museum on May 14, during which it will give the award to Bolsonaro, according to the chamber’s website. The award is typically given to one Brazilian and one American each year, although this year’s American recipient is not listed.

Bolsonaro, who styled his campaign for office last year after that of U.S. President Donald Trump, has considered pulling out of the Paris Agreement on climate change and railed against what he sees as indiscriminate fines for environmental crimes. He continues to support mining and other development in the Amazon rainforest region, considered by most scientists as the world’s biggest natural defense against climate change.

“The external, private event at which the current President of Brazil is to be honored was booked at the Museum before the honoree was secured,” the museum said on its official Twitter account. “We are deeply concerned, and we are exploring our options.”

Bolsonaro’s office and the Brazilian-American Chamber of Commerce did not immediately respond to a request for comment.

The responses to the museum’s tweet included hundreds of messages urging that the event be canceled, with people identifying themselves as activists and scholars saying it was inappropriate that Bolsonaro be honored at an institution of science because of his views.

“It certainly is cause for outrage,” Philip Fearnside, an American professor at Brazil’s National Institute of Amazonian Research and one of the most cited experts on the jungle, said in a telephone interview.

“He denies the existence of anthropogenic climate change and he’s appointed several other denialists to his Cabinet,” Fearnside said. “And he is also dismantling the environmental protections in Brazil … so obviously it’s not something to be celebrated by science.”

(Reporting by Jake Spring; editing by Jonathan Oatis)

Source: OANN

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Mexico seeks solution for tomato trade with United States

FILE PHOTO: Graciela Marquez, picked by Mexico's President-Elect Lopez Obrador as Economy Minister, takes part in a news conference in Mexico City
FILE PHOTO: Graciela Marquez, picked by Mexico's President-Elect Lopez Obrador as Economy Minister, takes part in a news conference in Mexico City, Mexico October 1, 2018. REUTERS/Edgard Garrido

March 27, 2019

MEXICO CITY (Reuters) – Mexican Economy Minister Graciela Marquez said on Wednesday she had spoken with U.S. Commerce Secretary Wilbur Ross about the U.S.-Mexico trade relationship.

Marquez and Ross discussed finding a solution for the bilateral trade of tomatoes, the Mexican official wrote in a post on Twitter.

(Reporting by Sharay Angulo; Writing by Anthony Esposito; editing by Julia Love and Tom Brown)

Source: OANN

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BlackRock strategists advocate trimming investment portfolio risk

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo

April 17, 2019

By Saqib Iqbal Ahmed

NEW YORK (Reuters) – Strategists at the world’s largest asset manager BlackRock Inc told their financial adviser clients on Wednesday to look at cutting back on risk and lower expectations for high returns on stocks and bonds.

“We may get another leg-up from earnings but I would say the type of returns we experienced in the first quarter should not be extrapolated,” BlackRock’s chief equity strategist Kate Moore said during its quarterly U.S. wealth advisory event, which was attended over the web by about 1,300 of its financial adviser clients.

“We just want to be conscious of the fact that for both equities and bonds, the types of returns that you’ve experienced – not just in 2019 but over the course of the last decade and before – are going to be difficult to replicate,” said Moore.

U.S. stocks have appreciated sharply in recent years, thanks in part to steps the U.S. Federal Reserve took to resuscitate the U.S. economy after the financial crises of 2007-09, but worries abound that investors may be in a late-cycle environment, BlackRock strategists said.

Indeed, the benchmark S&P 500 stock index has gained about 16 percent in 2019 due to monetary and fiscal stimulus efforts in China and signs the U.S. Federal Reserve will delay further rate hikes for the time being.

In general, the recent market gyrations have not spurred financial advisers into action, Patrick Nolan, a senior strategist with BlackRock’s portfolio solutions team, said.

Faced with bouts of volatility, investors can pick from one of three options, Nolan said.

They could treat market gyrations as noise and largely ignore them, Nolan said. Alternatively they could react very strongly and dump risky assets, he said.

The third option is to add more protection in portfolios even as one remains positioned to take part in any gains if markets grind higher, he said.

“It looks to us like adviser models are still taking option one. We actually think option three might be a better path from here,” said Nolan.

To do this, BlackRock’s head of factor investing, Andrew Ang, favors quality – an approach where the focus is on companies that have a track record of stable earnings, are productive and sport a relatively lower level of debt.

“When we take that sort of position we can still participate in the upside for markets but we do that with a more defensive posture,” said Ang.

On Tuesday, BlackRock Chief Executive Larry Fink said the U.S. economy is speeding up again after a slowdown in recent months and cash could soon start rushing into stocks as most investors are underinvested in the markets globally.

BlackRock’s Moore agrees. She said a continued dovish tone from the Fed and global central banks, coupled with stabilizing economic growth and an improvement in the outlook for corporate earnings, could still help drive stocks higher.

“The pain trade is higher,” she said.

(Reporting by Saqib Iqbal Ahmed; editing by Jennifer Ablan and Lisa Shumaker)

Source: OANN

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North Macedonia president in standoff with parliament

North Macedonia's lawmakers have passed for a second time a package of bills which the country's president has refused to sign into law in protest at a landmark agreement this year with neighbor Greece.

On Wednesday, Parliament passed pieces of draft legislation — including changes to telecommunications regulations — under the country's new name, North Macedonia, which President Gjorge Ivanov has so far refused to approve, arguing that they violate the constitution and the national interest.

The president is legally obliged to sign bills approved a second time.

Ivanov's second and final five-year term ends May 12.

He was a fierce opponent of a name-change deal signed with Greece that ended Athens' objections to North Macedonia joining NATO.

Source: Fox News World

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Kuwait says U.S. Mideast peace plan should weigh regional considerations

U.S. Secretary of State Mike Pompeo shakes hands with Kuwait's Foreign Minister Sheikh Sabah Al-Khalid Al-Sabah in Kuwait
U.S. Secretary of State Mike Pompeo shakes hands with Kuwait's Foreign Minister Sheikh Sabah Al-Khalid Al-Sabah in Kuwait, March 20, 2019. REUTERS/Jim Young/Pool

March 20, 2019

KUWAIT (Reuters) – Kuwait’s foreign minister said on Wednesday that a long-awaited U.S. peace proposal for the Middle East should factor in regional considerations and all stakeholders.

“We hope the plan will take into account the situation in the region and all the relevant parties,” Sheikh Sabah Khaled al-Sabah told a joint press conference with U.S. Secretary of State Mike Pompeo, who is on a regional tour that will also take him to Israel and Lebanon.

(Reporting by Sylvia Westall and Ghaida Ghantous; Editing by Catherine Evans)

Source: OANN

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Delta forecasts second-quarter profit above expectations

FILE PHOTO: A Delta plane passes a Delta bus on the tarmac at LAX airport in Los Angeles
FILE PHOTO: A Delta plane passes a Delta bus on the tarmac at LAX airport in Los Angeles, California U.S. January 10, 2018. REUTERS/Lucy Nicholson/File Photo

April 10, 2019

(Reuters) – Delta Air Lines Inc forecast second-quarter profit above Wall Street expectations and reported a 31 percent rise in quarterly profit on Wednesday, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand.

The company said it expects profit for the second quarter to be in the range of $2.05 per share to $2.35 per share.

At the midpoint of the range, the profit forecast was above average analyst estimate of $2.13 per share, according to IBES data from Refinitiv.

The airline forecast total unit revenue, a closely watched performance metric, to increase 1.5 percent to 3.5 percent in the second quarter.

The No.2 U.S. carrier’s net income rose to $730 million in the first quarter ended March 31 from $557 million a year earlier. On an adjusted basis, Delta earned 96 cents per share, beating expectations of 90 cents per share.

Total operating revenue rose 5.1 percent to $10.47 billion in the quarter.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

Source: OANN

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NRA beset by infighting over whether it has strayed too far

The National Rifle Association is gathering this week for its annual meeting amid inner turmoil the likes of which have not been seen in decades.

The NRA is used to battling outside forces that criticize its vigorous efforts to protect gun rights. But these days, NRA insiders and longtime observers describe an organization at war with itself.

The central question: Has it strayed too far from its original mission of gun safety and outdoor shooting sports and become too political?

The 5-million-member organization is meeting in Indianapolis starting Thursday.

Source: Fox News National

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Joe Biden’s brain surgeon said his former patient is “totally in the clear” as speculation over the candidate’s health — with Biden possibly becoming the oldest president in U.S. history — is likely to become a campaign issue.

The former vice president, who had been perceived by many as the strongest potential contender for the Democratic Party’s 2020 presidential nomination, formally announced his candidacy Thursday.

But Biden’s age – 76 – is expected to become a source of attacks from a younger generation of Democrats not because of obvious generational differences, but possibly for actual health concerns if Biden gets into office.

WHY THE MEDIA ARE CONVINCED JOE BIDEN WILL IMPLODE

Biden himself agreed last year that “it’s totally legitimate” for people to ask questions about his health if he decides to run for president, given his medical history — which has included brain surgery in 1988.

“I think they’re gonna judge me on my vitality,” Biden told “CBS This Morning.” “Can I still run up the steps of Air Force Two? Am I still in good shape? Am I – do I have all my faculties? Am I energetic? I think it’s totally legitimate people ask those questions.”

“I think they’re gonna judge me on my vitality. …  I think it’s totally legitimate [that] people ask those questions.”

— Joe Biden

But Dr. Neal Kassell, the neurosurgeon who operated on Biden for an aneurysm three decades ago, told the Washington Examiner that Biden appears to be “totally in the clear” — and even joked that the operation made Biden “better than how he was.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it,” Kassell said. “That’s more than I can say about all the other candidates or the incumbents.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it.”

— Dr. Neal Kassell

BIDEN’S CLAIM HE DIDN’T WANT OBAMA TO ENDORSE TRIGGERS MOCKERY

At the same time, however, Biden hasn’t been forthcoming about his health at least since 2008 when he released his medical records as a vice presidential candidate. The disclosure that time revealed some fairly minor issues such as an irregular heartbeat in addition to detailing previous operations, including removing a benign polyp during a colonoscopy in 1996, the outlet reported.

It remains unclear if Biden had more aneurysms. Some medical experts say that people who have had an aneurysm can have another one.

An aneurysm, or a weakening of an artery wall, can lead to a rupture and internal bleeding, potentially placing a patient’s life in jeopardy.

Biden won’t be the only Democrat grappling with old age. Sen. Bernie Sanders, another 2020 frontrunner, is currently 77 years old and agreed with Biden last year that their ages will be an issue in the race.

“It’s part of a discussion, but it has to be part of an overall view of what somebody is and what somebody has accomplished,” Sanders told Politico.

“Look, you’ve got people who are 50 years of age who are not well, right? You’ve got people who are 90 years of age who are going to work every day, doing excellent work. And obviously, age is a factor. But it depends on the overall health and wellbeing of the individual.”

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Sanders released his medical records in 2016, with a Senate physician saying in a letter that the senator was “in overall very good health.”

Source: Fox News Politics

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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