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Why some green investors are passing on Uber and Lyft

Brian Friedenberg, an intern for Lyft, has his picture taken in front of signage for Lyft as it is displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York
Brian Friedenberg, an intern for Lyft, has his picture taken in front of signage for Lyft as it is displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton/File Photo

April 2, 2019

By Ross Kerber and Heather Somerville

BOSTON/SAN FRANCISCO (Reuters) – Some environmentally focused investors are not ready to buy into Lyft Inc or Uber Technologies Inc, worried about the climate impact of this year’s two most closely watched initial public offerings.

Both companies hope to push people away from car ownership and promote shared and sustainable transportation services, among their many ambitions that have already reshaped traffic in major U.S. cities.

Lyft began trading on Friday and its larger rival Uber will kick off its IPO this month, though neither has shown itself to be profitable and shares of Lyft sank below their initial price of $72 on Monday.

Academics and city planners are still studying whether the companies will help reduce carbon emissions by making better use of existing vehicle fleets, or increase them by clogging traffic and diverting riders from trains and buses.

But even as the companies argue congestion has many causes including growing city populations, some investors cite early indications that ride-hailing technology puts more, not fewer, cars on the road.

“As far as I can tell, they’re actually putting more cars into the congested areas, and they’re pulling business out of the transit systems,” said Murray Rosenblith, portfolio manager of the New Alternatives Fund, which aims to make socially responsible investments.

“This is not an area where New Alternatives is going to get engaged,” Rosenblith said.

Joshua Brockwell, a director at Azzad Asset Management, which also factors environmental issues into investment decisions, said both companies also face the issue of drivers “deadheading,” or driving around in between fares.

While both also aim to reduce private car ownership, he said, “that’s a not an eco-friendly goal in and of itself. It’s overall ‘miles traveled’ and carbon emissions that count.”

Representatives for several other well-known climate-focused investors said they do not buy IPOs or were not ready to weigh in on ride-hailing, including Green Century Funds, Boston Common Asset Management and Parnassus Investments.

Research shows mixed results. A 2017 University of California at Davis study found ride-hailing boosted use of commuter rail but pulled people away from buses and light rail. In addition people often used the apps to take trips they previously made by walking, biking, taking public transit or not taking at all.

A study by the San Francisco County Transportation Authority found that about half of new congestion in San Francisco from 2010 to 2016 was from ride-hailing. Average speeds in the city stood at 20.9 miles per hour at the end of the period, researchers found, 3.1 miles per hour slower than at the start. https://bit.ly/2EsU7cg

Drivers for Lyft and Uber often travel far to reach urban areas before they even turn on the app. It is common for drivers from California’s Central Valley to drive close to 100 miles (160 km) to San Francisco in search of more lucrative fares.

Lyft executives including Chief Policy Officer Anthony Foxx said that the company has taken other steps to combat congestion such as showing bus arrival times on its smartphone app and investing in bicycles and scooters. Lyft also says it spent millions of dollars on carbon offsets in 2018, and supports transit infrastructure.

“We are on a long path. We didn’t get to this level of congestion in our cities overnight,” Foxx said in an interview with Reuters.

Uber did not make executives available to comment, but the company has made its own commitments to bikes, scooters and other sustainability initiatives. Its CEO Dara Khosrowshahi in September promised $10 million to study ideas such as congestion pricing to speed traffic.

One opportunity is that Uber and Lyft could help drivers buy more expensive electric cars, which have a lower cost per mile. Accelerating the shift to electric could win over Seb Beloe, head of research at WHEB Asset Management in London, another investor focused on sustainability, he said via email.

But he avoided the Lyft IPO and worries the service and Uber will diminish public transit. As things stand, “we think that the case is not yet compelling” for the companies, Beloe said.

(Reporting by Ross Kerber in Boston and Heather Somerville in San Francisco; Editing by Lisa Shumaker)

Source: OANN

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Lawyers to release list of accused Illinois Catholic clergy

Attorneys who have represented clergy abuse victims across the United States say they are releasing a report that lists the names of every Catholic priest and lay person in Illinois who has been publicly accused of sexual misconduct.

On Wednesday, the attorneys say they will release a 185-page report that includes background information and work histories of 395 priests and lay people accused in the state's six dioceses.

Attorney Mark Pearlman says this is the first time such a comprehensive Illinois list has been compiled. It aggregates previously reported information and it's not clear how much is new.

The Archdiocese of Chicago says it already releases the names of every priest who's had a substantiated allegation against him and now turns over the names of those accused to law enforcement.

Source: Fox News National

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Barclays pares U.S. first quarter GDP growth view to 2.0 percent

FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States' largest retail shopping space, in King of Prussia
FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States' largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. REUTERS/Mark Makela

March 11, 2019

NEW YORK (Reuters) – Barclays economists on Monday revised lower their projection on U.S. economic growth in the first quarter to 2.0 percent from a prior estimate of 2.5 percent following the release of the government’s retail sales report for January.

“The January retail sales report was a touch better than expectations,” they wrote in a research note. “However, further downward revisions to December’s data came as a surprise to us, and point to a slower momentum in consumption spending heading into Q1.”

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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NATO and Canada bid for mothballed prototype drone from Germany

FILE PHOTO: A photographer takes a picture of the Euro Hawk before a rollout ceremony in Germany in 2011
FILE PHOTO: A photographer takes a picture of the unmanned aircraft system (UAS) Euro Hawk SIGINT before a rollout ceremony in Manching, Germany, October 12, 2011. REUTERS/Guido Krzikowski/File Photo

February 20, 2019

By Andrea Shalal

BERLIN (Reuters) – The German Defence Ministry is evaluating bids from NATO and Canada to buy a high-altitude surveillance drone prototype that has been parked at a German air base for years after the cancellation of the Euro Hawk program in 2013.

Formal bids for the prototype aircraft, which was demilitarized by the United States in 2017, have been received from both NATO and Canada, a ministry spokesman said on Wednesday without providing further details.

NATO and the Canadian embassy in Berlin had no immediate comment.

A sale of the drone would end an embarrassing chapter that raised concerns about the German military’s procurement process and triggered the transfer of former Defence Minister Thomas de Maiziere to another cabinet post.

The German government told lawmakers last year that it had spent about 700 million euros ($793.5 million) on the Euro Hawk prototype built by U.S. arms maker Northrop Grumman and the ISIS surveillance system built by Airbus.

Berlin initiated plans in 2000 to buy five Euro Hawk drones based on Northrop’s Global Hawk unmanned system at a cost of about 1.2 billion euros but later canceled the program because of cost overruns and problems obtaining certification for use in civilian airspace in Germany.

It had only received the one prototype aircraft that is now being sold.

Berlin is now negotiating with Northrop to buy several MQ-4C Triton drones for delivery after 2025. Northrop last year said the process could take years to complete.

German opposition lawmaker Andrej Hunko, a member of the radical Left party, said the German government had declared the aircraft incapable of flight after the U.S. Air Force removed key systems.

“The airplane has salvage value at best,” he told Reuters.

“Any proceeds from the sale would be a drop in the bucket, compared with the huge amounts spent on the program.”

For NATO, the drone could provide additional support to the fleet of five high-altitude unmanned Global Hawk planes it agreed to buy from Northrop in 2012 for $1.7 billion, along with transportable ground stations.

Industry officials said the Euro Hawk saga highlighted problems in German military procurement, noting that NATO’s sister aircraft regularly traverse German air space to conduct surveillance missions over the North Sea. They also have no blanket approval for use in German civilian airspace but use case-by-case permissions from air traffic authorities.

It was not immediately clear what steps would be needed to return the German Euro Hawk prototype to flight.

($1 = 0.8821 euros)

(Reporting by Andrea Shalal; Editing by Riham Alkousaa and David Goodman)

Source: OANN

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Pakistan court lets converted Hindu girls live with husbands

A Pakistani court is allowing two teenage sisters from the minority Hindu community to live with their Muslim husbands after a government probe concluded they're both adults and hadn't been forced to convert and marry the men.

Thursday's decision says medical checks found the girls, from southern Sindh province, to be 18 and 19 years old. It says they converted and married of their own free will.

The girls' parents, who were in the court for the decision, expressed shock at the ruling and said they'd speak later. Earlier, they had said their daughters are underage and were abducted and forced to convert.

Last month, the court placed the girls and their husbands in separate protective shelters.

Underage marriage and forced conversions are controversial issues in this predominantly Muslim country.

Source: Fox News World

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Case of 43 disappeared students gets fresh start in Mexico

The disappearance of 43 Mexican students at the hands of police in 2014 is entering a new phase with the launch of a group that will try to shed light on the still-murky case.

Monday's inauguration of the Inter-American Commission on Human Rights group comes after new President Andres Manuel Lopez Obrador's government set up a truth commission in January.

Deputy Interior Secretary Alejandro Encinas said the experts will have access "without restrictions" to information on the case.

A government investigation concluded the teachers' college students were taken by police in Iguala, handed over to drug cartel thugs and then burned at a dump.

Outside experts have cast doubt on that theory, citing irregularities, a lack of forensic evidence and possible obstructions of justice at multiple levels of government.

Source: Fox News World

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Reputed Gambino crime boss killed in New York City tried dodging bullets by hiding under SUV, cops say

The reputed boss of New York’s Gambino crime family who was shot to death in front of his home tried to hide under his own SUV during the shooting, according to new reports.

Police said Thursday they were reviewing surveillance-camera video of the attack on Francesco “Franky Boy” Cali, 53, who was gunned down Wednesday night at his red-brick colonial-style house in a quiet Staten Island neighborhood. The shooter sped off in a pickup truck, police said. No immediate arrests were made.

“What I believe happened was Mr. Cali was struck several times by gunfire. In trying to elude additional gunfire, fled to the rear area of his private vehicle and somebody probably thought he was run over, but it was more he was trying to get underneath the truck to elude gunfire,” Chief of Detectives Dermott Shea told reporters at a news conference, as The New York Post reported.

The mobster emerged from his home around 9:15 p.m. after the gunman backed his pickup into Cali’s Cadillac SUV, damaging it, according to police. “With what we know at this point in time, it’s quite possible that was part of a plan,” Shea said.

Video showed the attacker pulling a 9 mm handgun and opening fire on Cali about a minute after they started talking, according to Shea. At least 12 shots were fired. After he was shot several times, Cali tried to crawl under his SUV to hide, Shea said.

Footage seemed to show that Cali had been drawn out of his house after a pickup truck backed into the SUV, forcing the license plate to detach, a law-enforcement official who saw the video told the Daily Beast.

WOMAN GUZZLES DOWN 6-PACK OF BEER INSIDE TARGET DRESSING ROOM, STEALS $200 IN MERCHANDISE, COPS SAY

Aggressive federal prosecutions in the past 25 years have decimated the ranks of New York’s five Mafia families. The cases resulted in long prison terms for their bosses — Cali’s swaggering 1980s-era predecessor John Gotti included — and encouraged their successors to keep a lower profile.

But, the new generation still has engaged in old-school crimes — loansharking, gambling, extortion — that can make enemies and spark bloodshed.

Shea said there has been a slight uptick in alleged mob-related violence in New York within the last year.

But, he said it was too soon to say whether that had anything to do with Cali’s slaying.

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Federal prosecutors referred to Cali in court filings in recent years as the underboss of the Mafia’s Gambino family, once one of the most powerful and feared crime organizations in the country. News accounts since 2015 said he had ascended to the top spot.

The last Mafia boss to be rubbed out in New York City was Gambino don “Big Paul” Castellano, assassinated at Gotti’s direction while getting out of a black limousine outside a high-end Manhattan steakhouse in 1985. Gotti then took control of the family.

The Associated Press contributed to this report.

Click for more from The New York Post.

Source: Fox News National

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FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid

April 26, 2019

NEW YORK (Reuters) – The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

This would mark the third such “technical” adjustment on the interest on excess reserves (IOER) following cuts last June and December.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Tennis - Australian Open - Women's Singles Final
FILE PHOTO: Tennis – Australian Open – Women’s Singles Final – Melbourne Park, Melbourne, Australia, January 26, 2019. Japan’s Naomi Osaka attends a news conference after winning her match against Czech Republic’s Petra Kvitova. REUTERS/Adnan Abidi

April 26, 2019

(Reuters) – World number one Naomi Osaka came from behind in the final set to beat Croatian Donna Vekic 6-3 4-6 7-6(4) on Friday and move into the Porsche Tennis Grand Prix semi-finals.

Osaka comfortably won the opening set but was tested by the Croatian, who pushed her to the limit in the second and third. The Japanese made 45 unforced errors as she struggles to get to grips with swapping hard courts for clay.

Osaka was visibly frustrated and trailed 5-1 in the final set but she refused to give up and found her rhythm to break Vekic twice and prevent her from serving for the match.

In the tiebreaker, a confident Osaka upped her baseline game and had two early mini breaks before wrapping up the match in two hours and 18 minutes. An infuriated Vekic even smashed her racket after losing the match.

“I told myself I didn’t want to have any regrets here,” Osaka said. “I was stressed out when I went down 1-5… but this (comeback) was pretty good because I don’t play really well on clay.”

Earlier, world number three Petra Kvitova came back from a set down to beat Anastasija Sevastova 2-6 6-2 6-3 and move into the tournament’s semi-finals for the third time in her career.

Sevastova had a dream start, breaking Kvitova twice to take a 3-0 lead as the Czech struggled with her first serve. Kvitova also made a slew of unforced errors, with many of her returns going long.

Sevastova used the full width of the court to get the better of Kvitova, who played on the back foot for much of the first set as the Latvian gave her little time to catch her breath.

However, Kvitova recovered in the second set and she broke Sevastova’s serve when she was 3-2 up, winning 10 straight points to take a 5-2 lead. Sevastova looked shaken and was broken again to give Kvitova the second set.

Kvitova took command in the final set and broke a visibly upset Sevastova to take a 3-1 lead before easing into the semis.

“In the first set I missed almost everything. I was pretty slow and she just couldn’t miss,” Kvitova said. “In the second set it was very important for me to stay on my serve and the chance to break her came.”

Kiki Bertens plays Angelique Kerber later on Friday and Victoria Azarenka faces Anett Kontaveit in the last quarter-final.

(Reporting by Rohith Nair in Bengaluru, editing by Ed Osmond)

Source: OANN

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The Latest on fatal pileup on Interstate 70 near Denver (all times local):

10:10 a.m.

Colorado officials say four people have died after a semi-truck hauling lumber plowed into vehicles on Interstate 70, causing a fire so intense that it melted the roadway and metal off of cars.

Authorities had to wait until daylight Friday to confirm the death toll from Thursday’s 28-vehicle pileup because of the devastation caused by the fire.

Six people were taken to hospitals with injuries. Their conditions are unclear.

Lakewood police spokesman Ty Countryman says the driver of the truck who caused the crash sustained minor injuries. He has been arrested on suspicion of vehicular homicide.

Officials say the driver was headed down a hill when he slammed into slower traffic. Countryman says there is no indication the crash was intentional.

____

7:40 a.m.

A truck driver blamed for causing a deadly pileup involving over two dozen vehicles near Denver has been arrested on vehicular homicide charges.

Lakewood police spokesman Ty Countryman said Friday that there’s no indication that drugs or alcohol played a role in Thursday’s crash.

The unidentified driver was headed down a hill on Interstate 70 when he slammed into slower traffic and sparked a massive fire. Countryman said police are looking at whether his brakes were working properly.

He said 28 vehicles were involved, up from the initial 15 vehicles police reported after further sorting through the burned wreckage.

Police still say there were multiple fatalities but are still working to provide an exact number.

The highway is expected to remain closed until Saturday.

Source: Fox News National

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Tiger woods celebrates after winning the 2019 Masters
FILE PHOTO: Golf – Masters – Augusta National Golf Club – Augusta, Georgia, U.S. – April 14, 2019 – Tiger Woods of the U.S. celebrates on the 18th hole after winning the 2019 Masters. REUTERS/Lucy Nicholson

April 26, 2019

Tiger Woods is sending a message that he thinks he still has enough left, emotionally and physically, to win three more major championships to tie Jack Nicklaus’ record 18 titles.

Speaking to GolfTV in his first sit-down interview since the Masters, Woods said he has taken some time off since his victory at Augusta National, which still doesn’t feel real.

“Honestly, it’s hard to believe,” Woods said. “I was texting one of my good friends last night … that I couldn’t believe that I won the tournament. That it really hasn’t sunk in. I haven’t started doing anything. I’ve just been laying there. And every now and again, I’ll look over there on the couch and there’s the jacket.”

That’s the fifth green jacket for the 43-year-old Woods, who hadn’t won a major tournament since the 2008 U.S. Open. Along the way, four back surgeries, a divorce and other personal issues derailed him.

He said he has been spending time with his children – daughter Sam, 11, and son Charlie, 10 – who weren’t born when their father was the most dominant golfer on the planet.

“They never knew golf to be a good thing in my life and only the only thing they remember is that it brought this incredible amount of pain to their dad and they don’t want to ever want to see their dad in pain,” Woods said. “And so to now have them see this side of it, the side that I’ve experienced for so many years of my life, but I had a battle to get back to this point, it feels good.”

He said he hopes – maybe expects — they’ll see this side again.

And no one will take Woods for granted at the PGA Championship at Bethpage Black Course on Long Island, N.Y., which starts May 16.

Woods said he’ll be ready for a course he already conquered once in a major: the 2002 U.S. Open.

“I’m doing all the visual stuff, but I haven’t put in the physical work yet. But it’s probably coming this weekend,” he said.

Before Woods encountered health and personal problems, it was expected that topping Nicklaus’ major mark was “when” and not “if.” Then the certainty went away, but Woods thought he still had a chance.

“I always thought it was possible, if I had everything go my way. It took him an entire career to get to 18, so now that I’ve had another extension to my career – one that I didn’t think I had a couple of years ago – if I do things correctly and everything falls my way, yeah, it’s a possibility. I’m never going to say it’s not.

“Now I just need to have a lot of things go my way, and who’s to say that it will or will not happen? That’s what the future holds, I don’t know. The only thing I can promise you is this: that I will be prepared.”

–Field Level Media

Source: OANN

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Maria Butina, the Russian woman who was accused of being a secret agent for the Russian government, was sentenced to 18 months in prison Friday by a federal judge in Washington after pleading guilty last year to a conspiracy charge.

Butina, who has already served nine months behind bars, will get credit for time served and can possibly get credit for good behavior, the judge said. She will be removed from the U.S. promptly on completion of her time, the judge added, and returned to Russia.

MARIA BUTINA, ACCUSED RUSSIAN SPY, PLEADS GUILTY TO CONSPIRACY

An emotional and apologetic Butina said in court Friday she is “truly sorry” and regrets not registering as a foreign agent.

“I feel ashamed and embarrassed,” she said, adding that her “reputation is ruined.”

Butina has been jailed since her arrest in July 2018. She entered the court Friday wearing a dark green prison jumpsuit and spoke in clear English, with a slight Russian accent.

“Please accept my apologies,” Butina said.

Butina’s lawyer, Robert Driscoll, said after the sentencing they had hoped for a “better outcome,” but expressed a desire for Butina to be released to her family by the fall.

Prosecutors had claimed Butina used her contacts with the National Rifle Association and the National Prayer Breakfast to develop relationships with U.S. politicians and gather information for Russia.

Prosecutors also have said that Butina’s boyfriend, conservative political operative Paul Erickson, identified in court papers as “U.S. Person 1,” helped her establish ties with the NRA.

WHO IS MARIA BUTINA, THE RUSSIAN WOMAN ACCUSED OF SPYING ON US?

In their filings, prosecutors claim federal agents found Butina had contact information for people suspected of being employed by Russia’s Federal Security Services, or FSB, the successor intelligence agency to the KGB. Inside her home, they found notes referring to a potential job offer from the FSB, according to the documents.

Investigators recovered several emails and Twitter direct message conversations in which Butina referred to the need to keep her work secret and, in one instance, said it should be “incognito.” Prosecutors said Butina had contact with Russian intelligence officials and that the FBI photographed her dining with a diplomat suspected of being a Russian intelligence agent.

Fox News’ Jason Donner, Bill Mears, Greg Norman and the Associated Press contributed to this report.

Source: Fox News Politics

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