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Trump: Cost of Obamacare ‘Far Too High’

President Donald Trump on Monday defended his administration's court battle to invalidate the Affordable Care Act, arguing on Twitter "the cost of Obamacare is far too high."

Trump tweeted Monday morning:

"The cost of ObamaCare is far too high for our great citizens. The deductibles, in many cases way over $7000, make it almost worthless or unusable. Good things are going to happen!"

The president addressed the tweet to several Republican senators, including Senate Majority Leader Mitch McConnell.

Multiple Republican senators, speaking anonymously, told The Hill they are privately hoping Trump will fail to strike down Obamacare due to their concerns over how voters, especially those who will lose protections for preexisting conditions, will react in future elections.

"If you're looking strictly at political outcomes, it could be argued that a lot of members don't want to see this struck down because they don't want to deal with the fallout," an unnamed senior GOP senator said.

"The time frame they've chosen to pursue is a toxic one because of the election cycle that we're already in," another senator said. "Can we find something where the Democrats who are in the majority in the House could agree with the 60 senators in the Senate? I can't imagine that's the case."

Source: NewsMax America

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Tucker Carlson Beats CNN’s Entire Line-Up Combined, So Now CNN Targets His Advertisers

After Tucker Carlson outperformed CNN’s entire prime time line-up combined, CNN published an article attacking his advertisers.

The Fox News host achieved 3,475,000 total viewers last week, beating CNN’s Anderson Cooper, Don Lemon and Chris Cuomo, who could only muster 2,474,000 viewers between the three of them.

CNN responded with an article lauding the claim that “Carlson’s commercial breaks have had only a smattering of ads from lesser-known brands.”

According to CNN, this is because the Fox News host, “made racist remarks on immigrants in December,” even though he didn’t and was merely making the factual observation that migrant caravans often leave a trail of litter behind them.

CNN then amplified Mimi Chakravorti, the executive director at the branding firm Landor, who basically threatened advertisers that if they continued to appear alongside Tucker’s show, they would be in violation of ‘the great awokening’ – in other words, the increasingly shrinking number of viewpoints that remain acceptable and politically correct to the establishment.

“If you stay you’re saying your brand is aligned with Tucker Carlson — past and present, if you leave, you’re saying you’re not aligned with Tucker’s views,” warned Chakravorti.

This is why they hate Tucker Carlson.

His message resonates with an increasing number of Americans and all CNN can do in response is to abuse their platform by lobbying for boycotts of his advertisers.

Their own tweet attacking Tucker as “racist” got ratioed, with the vast majority of respondents siding with Carlson.

CNN isn’t a media company anymore, it’s an activist organization which now devotes a huge chunk of its resources to silencing its competition.

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Source: InfoWars

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Rowing: Cracknell’s Cambridge beat Oxford by two seconds in boat race

2019 Oxford v Cambridge - University Boat Race
Rowing - 2019 Oxford v Cambridge - University Boat Race - River Thames, London, Britain - April 7, 2019 Cambridge celebrate winning the men's boat race on the podium with the trophy REUTERS/Peter Cziborra

April 7, 2019

(Reuters) – Cambridge beat Oxford by two seconds to win the 165th men’s Varsity boat race on the River Thames on Sunday with double Olympic champion James Cracknell rowing himself into the record books as part of the victorious crew.

At the age of 46, Cracknell became the oldest person to compete in the race as Cambridge held off a late Oxford surge on the home stretch to win in a time of 16 minutes 57 seconds.

Cambridge had pulled ahead at the start and had a half-length lead at the mile mark despite a clash of oars. They then quickly extended their advantage to four seconds when they passed under the Hammersmith Bridge.

“On the start I thought: ‘I’ve missed this’,” Cracknell told the BBC. “The first few minutes were great but they just didn’t drop.

“To be honest the endurance wasn’t a problem. If I had any doubt it would have been my sprinting. I just made sure I stuck it in and hopefully we had enough in the bank.”

It was a victorious return to the water for Cracknell, who had retired from competitive rowing in 2006 but qualified for the event because he is studying for a Master of Philosophy degree in human evolution at Cambridge.

Cambridge also comfortably won their third successive women’s race earlier in the day with a time of 18 minutes 47 seconds, 17 seconds ahead of Oxford.

Cambridge’s men extended their head-to-head record to 84-80 while the women lead 44-30.

(Reporting by Rohith Nair in Bengaluru; Editing by Toby Davis and Clare Fallon)

Source: OANN

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Massachusetts teen who died in weekend snowmobile crash ID’d

Authorities on Sunday identified the teenager who died this weekend after a snowmobile crash in Maine.

Troy Marden, 17, a varsity football player in Amesbury, Mass., failed to “negotiate a corner” and struck a snowbank, the Maine Warden Service said, according to MassLive.com. He was reportedly ejected from the snowmobile.

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The warden said the crash happened at 10:50 p.m. on Thompson Lake in Poland, according to Boston 25 News.

Source: Fox News National

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SPLC: Trump 'Fear-Mongering' Fuels Rise of Hate Groups

The number of hate groups operating in the United States rose 7 percent to an all-time high last year, the Southern Poverty Law Center said on Wednesday, attributing the increase largely to anti-immigrant rhetoric from President Donald Trump.

The SPLC, which has tracked hate groups since 1971, found there were 1,020 operating in the United States in 2018, breaking the 1,018 record set in 2011. It marked the fourth consecutive year of growth.

The group blamed Trump, whose administration has focused on reducing illegal and legal immigration into the United States.

"The words and imagery coming out of the Trump administration and from Trump himself are heightening these fears," Heidi Beirich, director of the SPLC's Intelligence Project, told reporters on a conference call. "These images of foreign scary invaders threatening diseases, massive refugee caravans coming from the south. This is fear-mongering."

The White House has repeatedly rejected charges of bias leveled at Trump, often citing the effects that a strong economy have had on minority communities. It did not respond to a request for comment on the report on Wednesday.

The SPLC defines hate groups as organizations with beliefs or practices that demonize a class of people. The number of groups has risen 30 percent since 2015 when Trump declared his presidential candidacy.

The last surge in new hate groups came in the early years of Barack Obama's presidency, a reaction to the first black U.S. president, the group said. The number rose 9 percent during the first three years of Obama's administration to reach the prior record then dropped until 2015.

The group also cited online incitement for the rise. Despite efforts to regulate content on mainstream websites including Facebook, the internet still provides the most fertile ground for hate groups to recruit new members, SPLC said.

The non-profit said the growth of hate groups appeared to spur some who share their ideologies to take violent action. It cited Robert Bowers, who is accused of killing 11 worshippers at a Pittsburgh synagogue in October while shouting "All Jews must die."

As part of SPLC's count of hate groups, black nationalist groups rose 13 percent to 264 in 2018, an increase SPLC attributed to a backlash against Trump's policies.

Some of the SPLC's targets have criticized the Montgomery, Alabama-based organization's findings, saying it mislabeled legitimate organizations.

Earlier this month the founder of the Proud Boys, a self-described men-only club of "Western chauvinists," sued the center for defamation. He contended the Proud Boys oppose racism, while the SPLC said it stood by its research.

Source: NewsMax Politics

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Wisconsin apartment building catches fire; ‘miraculous’ that all occupants accounted for, official says

A Wisconsin apartment building was engulfed in flames in an overnight blaze, and the fire chief said it was “miraculous” that all of its occupants are accounted for.

Several emergency calls poured in early Saturday about a fire at White Oaks Apartments, a 62-unit building in Bayside, North Shore Fire and Rescue Department officials said, according to The Associated Press.

POLICE ACCUSE WISCONSIN MAN OF STARVING COWS ON FAMILY FARM

The fast-moving fire is thought to have begun on an upper floor, Fire Chief Robert Whitaker said.

More than a dozen individuals were saved and a few people who had minor injuries received medical treatment, officials said. No deaths were reported, according to Fox 6 Now.

The Fire and Rescue Department shared photos on Facebook, which showed responders at the scene and large plumes of smoke that were illuminated by the orange flames.

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The Red Cross set up a shelter for residents in nearby Fox Point.

Bayside is about 11 miles north of Milwaukee.

The Associated Press contributed to this report.

Source: Fox News National

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Global gloom may force Japan central bank to temper its outlook

FILE PHOTO: A security guard walks past in front of the Bank of Japan headquarters in Tokyo
FILE PHOTO: A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato

March 14, 2019

By Leika Kihara

TOKYO (Reuters) – The Bank of Japan is likely to stand pat on monetary policy on Friday but temper its optimism that robust exports and factory output will underpin growth, a nod to heightened overseas risks that threaten to derail a fragile economic recovery.

Factories across the globe slammed on the brakes last month as demand was hit by the U.S.-China trade war, slowing global growth and political uncertainty in Europe ahead of Britain’s departure from the European Union.

Such weak signs have forced major central banks to pause in raising interest rates and cast doubt on the BOJ’s repeatedly-stated assessment that overseas economies “continue to grow steadily”.

Many in the BOJ expect Japan’s economy to emerge from the current soft patch in the second half of this year, when Beijing’s stimulus plans could lift Chinese demand and underpin global growth, sources have told Reuters.

But there is uncertainty on how quickly global demand could rebound, adding to woes for Japanese companies already feeling the pinch from slowing Chinese demand, analysts say.

“The BOJ likely won’t change its view that the economy is sustaining momentum to achieve its price target. But it’s probably aware of heightening risks to the price outlook,” said Mari Iwashita, chief market economist at Daiwa Securities.

“If both the economy and prices prove to be weak, the BOJ may be forced to concede that the momentum is diminishing and ponder additional monetary easing,” she said.

At a two-day rate review ending on Friday, the BOJ is widely expected to maintain a pledge to guide short-term interest rates at minus 0.1 percent and 10-year government bond yields around zero percent.

While the BOJ is seen sticking to its assessment that Japan’s economy “continues to expand moderately,” it may slightly modify the language to reflect heightening external risks, the sources say.

In a nod to the increased risks, the BOJ may also offer a bleaker view on exports and output from its current assessment, which says they are “increasing as a trend.”

The BOJ faces a dilemma. Years of heavy money printing have dried up market liquidity and hurt commercial banks’ profits, stoking concern over the rising risks of prolonged easing.

And yet, subdued inflation has left the BOJ well behind other major central banks in dialing back crisis-mode policies, leaving it with little ammunition to battle the next recession.

The BOJ’s nine-member board is split between those who see room to ramp up stimulus, and others who are more wary of the rising cost of prolonged easing.

But the central bank’s dwindling policy tool-kit means the hurdle for additional easing remains high, analysts say.

The biggest worry among BOJ policymakers is that weakening exports and output will hurt corporate sentiment, prompting firms to delay capital expenditure and wage hikes.

Markets are thus focusing on the BOJ’s “tankan” quarterly business sentiment survey, due out on April 1, for clues on whether further easing could be on the table, analysts say.

(Reporting by Leika Kihara; Editing by Sam Holmes)

Source: OANN

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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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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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