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Houston, Sampson agree on extension

FILE PHOTO: NCAA Basketball: NCAA Tournament-Midwest Regional Practice
FILE PHOTO: Mar 28, 2019; Kansas City, MO, United States; Houston Cougars head coach Kelvin Sampson speaks during a press conference for the midwest regional of the 2019 NCAA Tournament at Sprint Center. Mandatory Credit: Denny Medley-USA TODAY Sports

April 4, 2019

Coach Kelvin Sampson has reached an agreement on a long-term contract extension at Houston, the school announced Thursday.

The deal runs through the 2024-25 season. Financial terms were not made public, but school officials previously said they had offered the 63-year-old coach a six-year, $18 million extension.

That deal would make Sampson one of the top 25 highest-paid coaches in the nation.

Sampson guided the Cougars (33-4) to the American Athletic Conference regular-season title and their first Sweet 16 appearance since 1984.

Sampson, who has been at Houston since 2014, reached a restructured deal in 2016 that bumped his annual salary to $1.4 million.

He has a 116-52 record with the Cougars and is 541-279 for his career, which includes previous stints at Washington State (1987-94), Oklahoma (1994-2006) and Indiana (2006-08).

He had been among the list of candidates for the coaching opening at Arkansas.

–Field Level Media

Source: OANN

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InfoWars Army Houston Triggers Liberal With “It’s Okay To Be White” Sign

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Source: InfoWars

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Efforts to clear Arizona’s rape kit backlog lead to arrests, convictions

Investigators in Arizona have said their efforts to clear a backlog of more than 6,400 rape kits have led to a slew of arrests and convictions.

Prosecutors in Maricopa County and police in Tucson and Tempe said testing on more than 5,000 backlogged rape kits led to more than 30 arrests and 21 convictions, the Arizona Republic reported last week.

A rape kit collects evidence that can lead to a suspect through DNA.

The testing has been conducted with grants topping $3.2 million in all, from the Manhattan District Attorney’s Office in New York. Maricopa prosecutors said they got another $2.7 million grant from the U.S. Justice Department to finish the job of testing backlogged rape kits and to hire staff members focused on sex-assault cases.

TESTING OF 100K BACKLOGGED RAPE KITS ACROSS US LEADS TO 1,000 ARRESTS

The rape kit backlog has been nearly cleared in Maricopa and cleared completely in Tempe.

Tucson police are now sorting through more than 400 hits, according to the paper.

"What we found immediately after testing kits from the (district attorney of New York) grant was that DNA pops up in multiple results and this person who pops up in multiple kits is a serial rapist," Detective Dallas Wilson said. "That -- coupled with a better understanding of the effects and memory -- has really changed the way we do sexual assault investigations."

The Arizona Sexual Assault Evidence Collection Kit Task Force reported a backlog of 6,400 untested kits statewide in 2016.

VIRGINIA AG: TESTING ELIMINATES PRE-2014 RAPE KIT BACKLOG

Some of the cases dated back decades, the paper reported.

Testing in 2017 on one backlogged rape kit led Maricopa prosecutors to Nicholas Blackwater, a man serving a 54-year prison sentence for a series of sexual assaults from 1997 to 2001, Cronkite News, the news division of Arizona PBS, reported last year.

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The testing on a 17-year-old rape kit tied Blackwater to a series of rapes dating back to 2000, the news outlet reported. He pleaded guilty to kidnapping with sexual motivation. His sentence was an additional four years in prison.

Tasha Menaker, of the Arizona Coalition to End Sexual and Domestic Violence, told Cronkite News that clearing the backlog “will bring justice to a lot of people whose cases were previously uninvestigated.”

The Associated Press contributed to this report.

Source: Fox News National

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N. Korea calls for investigation into Madrid embassy attack

North Korea says it wants an investigation into an attack on its embassy in Spain last month, calling it a "grave terrorist attack" and an act of extortion that violates international law.

The incident occurred ahead of President Donald Trump's second summit with leader Kim Jong Un in Hanoi on Feb. 27-28. A mysterious group calling for the overthrow of the North Korean regime has claimed responsibility.

The North's official media quoted a Foreign Ministry spokesman as saying that an illegal intrusion into and occupation of a diplomatic mission and an act of extortion are a grave breach of the state sovereignty and a flagrant violation of international law, "and this kind of act should never be tolerated."

He claimed an armed group tortured the staff and stole communications gear.

Source: Fox News World

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Migrant camps overflow as Mexico cracks down after Trump threats

A migrant from Central America talks with his famiy by a river during a break in his journey towards the United States, in Huixtla
A migrant from Central America talks with his famiy by a river during a break in his journey towards the United States, in Huixtla, Mexico April 16, 2019. REUTERS/Jose Cabezas

April 17, 2019

By Delphine Schrank

MAPASTEPEC, Mexico (Reuters) – Amid pressure from Washington, Mexico is backpedaling on promises of better treatment for Central American migrants, leaving hundreds stranded in unsanitary camps near its southern border and allegations of irregular detentions.

Mexican President Andres Manuel Lopez Obrador promised more humane treatment for Central American migrants when he took office in December. His left-leaning government issued thousands of year-long humanitarian visas in January, giving migrants legal access to jobs and the right to travel to the United States.

However, caught off guard by a surge in arrivals, Lopez Obrador’s administration is resorting to old tactics based on tough law enforcement.

Mexico has halted the liberal visa policy and ramped up detentions of migrants heading north, government data shows, following criticism from U.S. President Donald Trump of a jump in the number of Central American asylum seekers reaching the U.S. border in February.

Trump, who is expected to make border security central to his 2020 re-election bid, has vowed to limit trade with Mexico if it does not help slow immigration.

While Lopez Obrador’s government has said it will not react to “threats”, sources familiar with Mexican policy, who asked not to be identified, said near-daily U.S. government pressure had led the interior and foreign ministries to push the National Migration Institute (INM) for tougher action.

The White House did not immediately respond to a request for comment.

Unreleased INM data, reviewed by Reuters, showed that it detained 12,746 undocumented migrants for registration in March, up by nearly one-third from February and two-thirds from January.

The agency also suspended its humanitarian visa program on Jan. 28, after issuing some 13,000, mostly to Central Americans arriving that month in the southern border state of Chiapas, site of most migrant arrivals.

A few visas were issued in February but none since, said an INM official in Mexico City, who was not officially authorized to speak to media and asked to remain anonymous.

INM said in a statement it remained open to issuing humanitarian visas, with priority given to women, children and the elderly.

In Chiapas, the INM’s decision to close its main office in the border city of Tapachula a month ago has forced hundreds of migrants 65 miles (105 km) north to the smaller town of Mapastepec, where they have languished in sweltering temperatures, hoping for humanitarian visas.

“It’s a madness that they’re making us wait so long. For what? For nothing!” said Daisy Maldonado, a 26-year-old from Honduras, camping in a field in Mapastepec opposite a sports stadium.

Hundreds of bedraggled men, women and children have been sheltering for nearly three weeks inside the stadium, as migration officials registered their identities while neglecting the group camped over the road, rights groups and migrants said.

Without water, medical help or government attention, Maldonado’s group was dependent on scant handouts from locals, they said. Maldonado’s daughter, Marisol, 5, wailed with hunger beside her, in a bivouac she had built from dried palm branches.

A coalition of 14 rights and aid groups operating in Chiapas has called the build up of stranded migrants a “humanitarian crisis”.

“The government is responding with practices and repressive methods similar to the previous administration in terms of control and deportation, but in a way that’s even more disorderly,” said Salva Lacruz, a coordinator at Fray Matias de Cordova, a migrant group that operates in Chiapas. “In some ways, it’s worse.”

INM Commissioner Tonatiuh Guillén López said in a recent interview his agency was taking a “stricter” approach in southern Mexico because of the influx of migrants in Chiapas. However, he denied that was a response to U.S. pressure and said Mexico was pressing ahead with more humane migration policies.

‘HUMANITARIAN CRISIS’

INM officials said they closed the main regional office in Tapachula on March 15 after Cuban migrants stormed the premises, enraged that they were not seeing faster results. Rights groups and migrants dispute this.

The closure created a bottleneck of visa applicants, hundreds of whom headed north to Mapastepec.

On Saturday, INM suddenly halted registration at the stadium in Mapastepec and said migrants would have to wait at least a month longer.

INM said work had been stopped after some migrants had caused a disturbance requiring police to intervene and registration would continue at another site, without providing details.

Even those who had been registered inside the stadium had been given no indication from INM officials if or when they would receive visas almost two weeks after being processed, said Silvia Rodriguez, 26, a Honduran.

Despite the uncertainty, many migrants preferred to wait to request legal status before continuing their journey in caravans. Migrants who travel alone and without papers in Mexico are frequent prey for kidnappers and smugglers, in addition to risking detention or extortion by police.

Erick Morazan, a 28-year-old from Honduras, said he traveled to Mapastepec by night with a group of other migrants to avoid sweeps by immigration officials, in what he called a “caravan of zombies.”

“Migration officials are grabbing us like pigs,” said Morazan, traveling with two children.

In an effort to stem the build up of migrants in Chiapas, INM said this month that citizens of El Salvador, Honduras and Guatemala will be able to register for the visas through Mexican consulates in their home countries from late May.

DETENTION OVERCROWDING

While INM closed its registration offices in Tapachula, a detention center at the site remains open. An increase in detentions in the border area means the site is crammed with 1,700 people, the rights collective said in its report.

That’s about double its capacity and double the usual number held there, according to migrant group Fray Matias, which monitors the center.

The collective reported black eyes and bruised bodies among detainees it said were the result of beatings by police who entered the center to control a disturbance last week. Reuters was not able to independently verify this.

Mexican law enforcement representatives did not immediately reply to requests for comment.

Lacruz of Fray Matias said at least 30 migrants had been irregularly detained at the Tapachula facility despite having applied for asylum with the Mexican Refugee Help Commission (COMAR), in contravention of Mexican law.

INM did not respond to requests for comment about the allegations of overcrowding and irregular detentions.

The institute says that migrants held in its facilities are not detained but are simply being held for processing, though rights groups and migrants say they are not free to leave, often for days or weeks.

Many undocumented migrants are also deported after processing in the centers. Mexico flew about 60 Cubans back to the island this month and sent 204 Hondurans home on Saturday..

Richard Pioenza, a U.S. citizen originally from Cuba, said his wife Yildiz Gomez had been held more than 20 days in the center despite having papers showing she had applied for asylum.

“She’s inside. She’s not eating well,” Pioneza said. “She’s sleeping on the floor.”

Reuters was unable to contact Gomez directly.

Pioenza said his wife applied for refugee status after arriving in Mexico in March to ease her passage to the U.S. border where she was planning to apply for asylum from political repression in Cuba.

After a request from Reuters for verification on Gomez and five other cases of suspected irregular detentions, the Mexican refugee agency said on Monday it would send a team to the center.

(Reporting by Delphine Schrank; Editing by Daniel Flynn and Susan Thomas)

Source: OANN

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Walmart Adding Thousands of Robots to US Stores

Walmart is planning on increasing automation this year, as Yahoo Finance reports the company will add thousands of robots to perform low-level work in its U.S. stores.

The company plans to add 1,500 autonomous floor cleaners, the "Auto-C," and 300 shelf scanners called the "Auto-S." Walmart will also add 1,200 FAST Unloaders, which scan and sort items that come in on trucks automatically, and 900 pickup towers, which are able to retrieve orders made by online customers. Some of these machines could soon be seen moving through stores, checking inventory and cleaning the floor.

John Crecelius, Walmart senior vice president of U.S. central operations, told Yahoo Finance these robots are intended to help human workers perform their duties, akin to smartphones.

"They are assistants to help you be more effective in taking care of what the customer needs to give you time to serve and sell,” he said.

Crecelius notes the robots can help employees save time washing the floor and performing "tedious" inventory work.

"Just getting, 'Here are the things that need to be addressed' and seeing progress when you're addressing those things, feeling progress as you're addressing those things, and your customers getting the things that they need as part of their basket just feels better," he said.

Source: NewsMax America

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Yes, Julian Assange Is a Journalist — But That Shouldn’t Matter

Julian Assange was arrested last week in London, and he awaits legal proceedings designs to extradite him to the United States to be tried on hacking charges.

At least, those are the charges currently known. Experience suggests that US authorities are likely to add additional charges once they have Assange in the US.

The US government has sought to prosecute Assange since at least 2010 when Wikileaks released video footage of US forces murdering civilians — including two Reuters reporters — during 2007 air strikes.

Many additional leaks followed, which served to make Wikileaks and Assange the enemies of a diverse number of politicians, bureaucrats, and government intelligence agencies. Thus, his arrest has long appeared nearly inevitable.

“Journalists” Against Assange

Given Assange’s role in exposing government lies, corruption, and abuse, one would think that most journalists — most of whom fancy themselves as warriors against government abuse — would call for his release.

That’s not what happened. Instead, many self-described journalists have claimed that Assange isn’t a journalist at all.

In the wake of his arrest, The Washington Post and USNews both dispatched columnists to define Assange as not-a-journalist. Not surprisingly, the right-wing media — e.g., National Review and Commentary — which reliably sides with the military establishment, has also denied Assange is a journalist.

But why exactly is he not a journalist?

According to Kathleen Parker, writing for The Washington Post: “He is not, after all, a journalist, despite his claiming to be, because he isn’t accountable to anyone. No filters, no standards.”

Parker goes on to claim that real journalists must subject their work huge corporate media outlets like The New York Times or The Washington Post, thus allowing editors at those organizations to then decide what information ought to be considered worthy of public disclosure.

Writing for US News, Susan Milligan claims Assange is not a journalist because his motivations are not sufficiently pure. She claims Assange released certain information for the purposes of retribution or personal amusement.The fact that this information was also potentially significant in identifying government abuse and corruption is apparently irrelevant to Milligan. In her mind, “legitimate journalism” is defined by your feelings about the information being released.

Not all journalists fallen victim to the fetish for making journalism a special protected class of approved experts.

Demanding that Assange be afforded the usual protections afforded to journalism demanded by the establishment media, Glenn Greenwald has supported Assange, as has  James Ball at The Atlantic.The editorial boards of some small American newspapers — being outside the DC-NewYork axis — have taken a more principled stand on exposing government crimes, declaring Assange to be a journalist, indeed. The Pittsburg Post-Gazette’s editors write:

Mr. Assange’s critics dispute the notion that charging him is an attack on the First Amendment. They say Mr. Assange isn’t a journalist, just the curator of a website that puts secrets on display. One might argue about the craft of journalism. One might argue about the quality of journalism. But in terms of the exercise of First Amendment freedoms, revealing what is hidden is journalism. That makes Mr. Assange, apart from his personality or his politics, a journalist.

An Arbitrary Standard

Most of the “standards” the media establishment are using to redefine Assange as a non-journalist are purely arbitrary. Whether or not one gets the approval of someone at The Washington Post or some other “official” media outlet has exactly nothing to do with whether or not one is a journalist.

After all, the standards used by journalists today to define their exclusive group were invented less that a century ago. They were pushed by those who wanted to popularize  the idea of “expert” journalists who could dictate to the general public as to what information was relevant to the public interest.

In her column against Assange, Milligan defines journalism as “collecting information, checking the facts, getting the perspectives of the people affected by the information, and then putting all of it together in a way that puts the details in perspective.” But she’s just repeating quaint bromides they teach undergraduates in journalism school.

Prior to the triumph of the Progressive myth of journalist “experts,” the definition of journalism was far more broad, and far more flexible. Although today’s J-school priesthood insists not just anyone can call himself a journalist, that certainly wasn’t the case in the days when anti-slavery activists routinely set up their own newspapers to report on the realities of slavery in America.

Yes, people like William Lloyd Garrison and Elijah P. Lovejoy were ideological anti-slavery activists. But they were also journalists. Virtually no one disputes this today, although pro-slavery activists at the time certainly denounced these newspapermen as mere agitators and Jacobins.

Unfortunately for the slave drivers of the antebellum South, Kathleen Parker of The Washington Post wasn’t around to demand that the first-hand testimonies of escaped slaves — a common feature in the abolitionist newspapers — be submitted first to the wise editors of The New York Times. Only then, it seems, could we know if anti-slavery information was in the “public interest.” Given that the mainstream press of the period opposed abolitionism for the most part, we could expect that the slave narratives would have been deemed “irresponsible” and not up to the standards of “journalism.”

Thank goodness out modern-day gatekeepers weren’t around then.

Yes, Assange is Comparable to Daniel Ellsberg

Although many establishment journalists are going to great pains to pave the way for Assange’s prosecution, they face a problem: there is nearly universal agreement among journalists that Daniel Ellseberg is a hero.

Ellsberg, of course, is the former RAND Corp. employee who stole government secrets from his employers and sought (successfully) to have them published in major news outlets. Today, these documents are known as The Pentagon Papers, and their release was a watershed moment in journalism and in the Vietnam War. The documents showed, among other things, that President Lyndon Johnson lied to both the puiblic and to Congress about US involvement in Vietnam. It was an embarrassment for the US government overall, and the military establishment. It helped hasten the end of the Vietnam War and helped to cast a pall of illegitimacy over the entire endeavor. At the time, the information was classified.

Ellsberg was eventually prosecuted for theft and espionage. The case was dismissed.

Ellsberg’s reputation, however, means it becomes necessary for journalists to claim that Ellsberg and Assangeare fundamentally different in some way.

For his part, Ellsberg himself sees no difference. In an April 11 interview, Ellsberg denounces the arrest of Assange, and clearly considers Assange’s actions to be comparable to his own.

The primary difference it seems, is that the methods of disseminating information as much different in today’s world than was the case in 1971 when Ellsberg released the Pentagon Papers. The distinction between Ellsberg and Assange appears to be merely one of technology.

The American State’s Attack on Real Journalism

But why is so much ink being spilled on whether or not Assange a journalist? Yes, some of it is just the usual narcissism we’ve come to expect from reporters. Journalists regard themselves as an exclusive club, and they like to excommunicate those whom they suspect of moving in on their territory.

But the stakes are higher than that.

If Assange is a journalist, then his arrest and prosecution is an attack on what investigative journalists do everyday.

While there have been some attempts in the media to define Assange’s investigative methods as substantially different form journalism in general, no real distinctions are clear. Much of the rhetoric surrounding claims of Assange’s criminality stem from the assertion that he asked Chelsea Manning to give him more government information.

Yet, this behavior is common to journalists everywhere.

Ellsberg, for instance, states “if that’s a crime, then journalism is a crime,” noting he had been asked on numerous occasions by numerous journalists to provide them with more information. He adds “unauthorized disclosures of this kind are the life’s blood of a republic.”

Do Journalists Have Special Rights?

At the heart of the matter, we find an additional problem: the idea that journalists enjoy special rights that ordinary people don’t. Consequently, if Assange is a journalist, then he gets special legal privileges in whistleblowing and releasing sensitive government documents. If he’s not a journalist, he’s then presumably open to prosecution.

The authors of the First Amendment, though, did not envision any such distinction. In the late eighteenth century — as in the days of the antebellum abolitionist press — newspapermen were simply people who set up a printing press and sold newspapers. If you could convince someone to buy your papers, you were a journalist.

Governments hated this, of course. The ease with which journalists could print nearly any opinion or revelation was why John Adams wanted the Alien and Sedition Acts — to shut journalists up.

But the freedom of speech was so ingrained in the American mind by that point that there was little the federal government could do about them. After all, the First Amendment says simply that Congress shall make no law “abridging the freedom of speech, or of the press…” It doesn’t say anything about these freedoms being restricted only to people who are deemed journalists by The Washington Post. Had the authors of the Bill of Rights wanted this to be the case, they could have said so.

Today, things are quite different. Lawmakers, courts, and their accomplices have managed to define down who is a journalist in order to protect the government from embarrassment.

Establishment journalists have been happy to play along, claiming special privileges for themselves while demanding those outside their circle of friends be sent to federal prison.



Alex Jones talks over the phone with callers and gauges their reactions to AG Barr discussing the redacted first part of Mueller’s report.

Source: InfoWars

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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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