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CNN’s Sam Vinograd: When Obama Separated Migrant Kids ‘It Was For Their Protection’

CNN’s Sam Vinograd admitted on Tuesday that the Obama administration separated migrant children from their families at the border but said that when he did it “it was for their protection.”

“When President Obama separated children from their families, Wolf, or from adults, Wolf, it was for their protection,” Vinograd told Wolf Blitzer.

“It was if there was a risk of trafficking or other kind of harm that might have been incurred,” she said.

“But even if he did do that, why is Donald Trump saying that two wrongs make a right?”

“Again, Obama wasn’t wrong,” Vinograd said, “but so he’s saying that because something happened under President Obama, he’s repeating it and upping the ante. That’s an incredibly poor excuse.”

“He’s systemized that inhumane treatment that, again, Obama was doing to protect the children.”


Infowars Army Houston members Thomas, Chris, Amanda Sielen, Pastor Sam, and John Boy triggered a leftist with their sign that said “It’s OK to be white”. These Infowarriors join Owen to discuss snowflakes and the continuing flood of liberal tears.

Let’s just go over that once again.

Vinograd admitted Obama separated migrant children, then said “but even if he did do that” as though it was hypothetical, “two wrongs don’t make a right, but Obama wasn’t wrong” because he “was doing it to protect the children” even though his treatment of migrants was “inhumane.”

Her big issue was that Trump “systemized that inhumane treatment that, again, Obama was doing to protect the children.”

We’re reaching levels of doublethink never before thought possible.

Separating migrant children from their smugglers was always a way to “protect the children.”

Since Trump caved on the issue illegal immigration has hit a record high and smugglers are now setting up “recycling rings” where “illegals reuse children over and over to jump the border,” according to the Department of Homeland Security.

Source: InfoWars

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Ex-West Virginia official who made racist Michelle Obama post pleads guilty to $18G FEMA fraud

The former West Virginia official who made headlines in 2016 when she made a racist remark about then-U.S. First Lady Michelle Obama pleaded guilty last week to defrauding the Federal Emergency Agency out of thousands of dollars intended for flood victims.

Pamela Taylor, the former director of the Clay County Development Corp., pleaded guilty last week to taking more than $18,000 in relief benefits from FEMA that were intended to help those whose homes were damaged in the 2016 floods in the region.

WEST VIRGINIA MAYOR RESIGNS AFTER RACIST FACEBOOK POST ABOUT MICHELLE OBAMA

According to the U.S. Attorney’s Office in West Virginia, the 57-year-old woman wrongfully registered for benefits and falsely claimed her primary residence had been damaged by flood waters. She claimed she was forced to stay in a rental property.

However, it was later discovered that Taylor’s home was undamaged by floodwaters and she was still residing there.

Taylor has agreed to pay of $18,149.04 in restitution, prosecutors said.

“The flood was a natural disaster. Stealing from FEMA is a manmade disaster,” said U.S. Attorney Mike Stuart in a statement.  “The floods of June 2016 were historic and devastating to thousands of West Virginians. Lives were lost.”

Taylor, who will be sentenced on May 30 and faces up to 30 years in prison if found guilty, first captured national attention after she made a post-presidential election Facebook post saying: “It will be refreshing to have a classy, beautiful, dignified First Lady in the White House. I’m tired of seeing a Ape in heels.”

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She was removed in December 2016 from her post at the Clay County Development Corp., a nonprofit which provides services to elderly and low-income residents in Clay County. Her Facebook post was not mentioned as a reason for her dismissal.

Source: Fox News National

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N.C. Governor Vetoes Born-Alive Bill

Democratic North Carolina Gov. Roy Cooper vetoed a born-alive bill Thursday that sought to explicitly direct physicians to provide care for infants who survive abortion procedures.

Cooper vetoed SB359, also known as the “Born-Alive Abortion Survivors Protection Act,” which passed the state legislature Tuesday. The state Senate first passed the bill Monday and the House passed the bill in a 65-46 vote Tuesday, according to The News & Observer.

“Any infant born alive after an abortion or within a hospital, clinic, or other facility has the same claim to the protection of the law that would arise for any newborn, or for any person who comes to a hospital, clinic, or other facility for screening and treatment or otherwise becomes a patient within its care,” according to the legislation. Physicians who violate the bill would be charged with a Class D felony and fined up to $250,000.

Cooper’s spokesman, Ford Porter, criticized the bill ahead of the governor’s Thursday veto.

“This unnecessary legislation would criminalize doctors for a practice that simply does not exist,” Porter said, according to the Observer. “Laws already exist to protect newborn babies and legislators should instead be focused on other issues like expanding access to health care to help children thrive.”


After an unprecedented abortion law was passed in New York, more abortion laws are being pushed nation wide. Alex exposes the globalist agenda to demoralize the population to death.

After the bill passed the state legislature, North Carolina’s American Civil Liberties Union (ACLU) sent Cooper a letter urging him to veto the legislation. The bill would “interfere with the patient-provider relationship, target health care providers, and mislead the public about safe, legal abortion care,” according to the letter.

Critics of the bill “think it’ll have a chilling effect on doctors who perform later abortions,” according to Florida State University College of Law attorney and professor Mary Ziegler, the Observer reported Thursday. “And Democrats will often vote against it even though its not about abortion, per se.”

(Photo by Elvert Barnes, Flickr)

Cooper’s veto comes after U.S. District Judge William Osteen struck down in late March a ban on abortions after 20 weeks, ruling that a “week-or event-specific” ban is not constitutional, Reuters reported. Legal abortions in the state may occur to the point of viability as determined by a presiding physician under Osteen’s ruling.

A number of states have passed bills restricting abortion access. Arkansas, North Dakota, Iowa, Mississippi and Kentucky have proposed bills or enacted laws outlawing abortion in the presence of a fetal heartbeat. Many of the abortion bans, however, have remained ineffective following court orders prohibiting enforcement, Cleveland.com reported.


The NY Times has written another hit piece on Alex Jones. This time it is on events surrounding Sandy Hook that are easily provable.

Source: InfoWars

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Too many travelers, too few planes is U.S. airlines’ 737 MAX summer dilemma

FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton
FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File Photo

April 14, 2019

By Tracy Rucinski

CHICAGO (Reuters) – Normally U.S. airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: scarce planes and booming demand.

The grounding of Boeing Co’s fuel-efficient, single-aisle workhorse after two fatal crashes is biting into U.S. airlines’ Northern Hemisphere spring and summer schedules, threatening to disarm them in their seasonal war for profits.

“The revenue is right in front of them. They can see it, but they can’t meet it,” said Mike Trevino, spokesman for Southwest Airlines Pilots Association and an aviation industry veteran.

Southwest Airlines Co, the world’s largest MAX operator, and American Airlines Group Inc with 34 and 24 MAX jetliners respectively, have removed the aircraft from their flying schedules into August.

Southwest’s decision will lead to 160 cancellations of some 4,200 daily flights between June 8 and Aug. 5, while American’s removal through Aug. 19 means about 115 daily cancellations, or 1.5 percent of its summer flying schedule each day.

Low-cost carrier Southwest, which unlike its rivals only flies Boeing 737s, had estimated $150 million in lost revenue between Feb. 20 and March 31 alone due to MAX cancellations and other factors.

So far airlines have said it is too soon to estimate the impact of the MAX grounding beyond the first quarter, but the extended cancellations signal that they do not expect a quick return of Boeing’s fast-selling jetliner. The 737 MAX was grounded worldwide in March following a fatal Ethiopian Airlines crash just five months after a Lion Air crash in Indonesia. All on board both planes were killed.

Boeing is under pressure to deliver an upgrade on software that is under scrutiny in both crashes and convince global regulators that the plane is safe to fly again, a process expected to take at least 90 days.

The timing of a prolonged grounding could not be worse for Northern Hemisphere carriers. Planes run fullest during June, July and August, when airlines earn the most revenue per available seat mile, according to U.S. Bureau of Transportation Statistics.

In a letter to employees and customers on Sunday, American Airlines’ top executives said they believed the MAX would be recertified “soon” but wanted to provide their customers reliability and confidence during “the busiest travel period of the year.”

American was cancelling about 90 flights per day through early June, but runs more flights and has less fleet flexibility in the peak summer travel months.

“We’re not denying that it’s going to be a challenge for us,” American spokesman Ross Feinstein said. “That is why if we have to extend cancellations based on aircraft availability we will do so as far in advance as possible.”

A decline in seat capacity could mean higher last-minute summer fares, particularly for business class travelers, aviation consultants and analysts said.

United Airlines, with 14 MAX jets, has largely avoided cancellations by servicing MAX routes with larger 777 or 787 aircraft, but the airline president, Scott Kirby, warned last week that the strategy was costing it money and could not go on forever.

Overall the MAX represents just 5 percent of Southwest’s total fleet and even less for American and United, but the strain on fleets increases as additional MAX deliveries remain frozen.

Southwest has 41 MAX jets pending delivery for 2019, while American has 16 and United 14.

To compensate, global MAX operators have added a flight or two to other aircrafts’ daily schedules and deferred some non-essential maintenance work. Some airlines are also weighing extending aircraft leases and bringing back idled planes, but with unclear MAX timing, no option is clear-cut or cheap, consultants said.

United is due to publish first-quarter results on April 16, followed by Southwest on April 25 and American on April 26.

(Reporting by Tracy Rucinski; Editing by Chris Sanders and Susan Thomas)

Source: OANN

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Mozambican families hunt for loved ones separated by cyclone

She struggled home with food, her small daughter and the proof she was still alive.

Veronica Fatia huddled on a wooden boat that left the cyclone-shattered city of Beira for what was now the unknown: the flooded town of Buzi, which for a week people had been fleeing with little but their clothes.

The fishermen's boats ferry the displaced daily to Beira, sometimes scores at once. But Fatia was going against the tide, up waters that recently carried corpses to the sea. More than a week after Cyclone Idai roared in, the muddy flood waters were still pouring off the river banks, draining what aid workers had called an inland ocean.

After the three-hour boat journey, carrying bags of rice and her 2-year-old daughter, Fatia stepped carefully out of the vessel and walked into the remains of Buzi, looking for her mother, hoping she was still alive.

She passed the Jesus Saves Bank now by a nearby three-story building where on the rooftop residents clustered in search of signal for their mobile phones. She passed the people now living in the open along the sandy main road, cooking, mending and a young boy read a textbook.

Her mother might be at the school, Fatia decided. A cry went up as she approached it and people came running.

"Mama!" She was there. They embraced on a concrete walkway now littered with cooking fires and tiny children, one nodding off beside a pile of still-warm ashes.

"My home is gone, but I'm also happy because I can see my family," Fatia said.

Her mother, Maria Antonio, said she had last seen Fatia the Tuesday before the storm. "I didn't know anything about her," she said. "I'm very happy to see her."

But the fate of her other daughter, in Quelimane, remains unknown.

It is a common heartbreak for thousands of families in central Mozambique, who have no way to learn about missing loved ones as destroyed communications networks struggle to return. People are desperately searching for family members separated by the flooding, destruction and death brought to the area more than a week ago by Cyclone Idai. Some will not be as lucky as Fatia.

The fishing boats between Buzi and Beira are now a lifeline, braving spattering rain, rolling waves and still the punching stench of death. Near Buzi, a dog's carcass hung from the branches of a tree.

Cut off from the world, people can easily panic. One member of the Mozambican Red Cross, Assane Paul, tried to calm a knot of people who had heard a rumor that another cyclone was on its way.

"If you don't answer well, we won't eat!" The people called out as he spoke to The Associated Press.

Other residents of Buzi try to adapt however they can, from the Bible reader on the rooftop blaming the cyclone on people's sins to the man walking down the road in soaking wet trousers. They were the only clothes left, he explained. It was very much wash and wear.

Many people were still on the move. Dozens waited at Buzi's small pier where the fishermen's boats pull up, bags of belongings at their feet and concern on their faces. Or they simply watch for news.

The other end of the journey is the beach in Beira. Small children and barefoot women were carried off on a fishing boat and gathered together by aid workers in a spitting rain. Some looked lost. Few carried much. One small girl stood alone, hugging herself, her eyes wide and pleading.

"I hid in the mosque," said a 12-year-old boy, Ramadan Gulam. "I was there for a week." He had come from Buzi with nothing but a bag of clothes and his brothers. "My father said to go because the floods would come again. ... I don't know what to do now."

Christina Machado came with her two children and a bandage on her ankle. It was cut by a tin roof during the cyclone, she said. It was treated just yesterday.

"I'm looking for my husband," she said. He had been working in Beira for two months. She didn't know where she would be taken next.

Francisco Mambonda spent about a week on a rooftop with nothing to eat. He and his wife and sons drank dirty water to survive.

Barefoot, shivering and in tattered shorts, he added another plea to the growing chorus: "I don't know what to do now."

Emergency responders still have some hope.

As night fell and one wooden boat from Buzi approached the flickering, generator-lit Beira skyline, another passed in the dusk. It carried soldiers to their duties. Some raised their guns and cheered.

Source: Fox News World

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World’s largest plane makes first flight over California

The world's largest airplane, built by the late Paul Allen's company Stratolaunch Systems, makes its first test flight in Mojave
The world's largest airplane, built by the late Paul Allen's company Stratolaunch Systems, makes its first test flight in Mojave, California, U.S. April 13, 2019. REUTERS/Gene Blevins

April 14, 2019

By Dan Whitcomb

LOS ANGELES (Reuters) – The world’s largest aircraft took off over the Mojave Desert in California on Saturday, the first flight for the carbon-composite plane built by Stratolaunch Systems Corp, started by late Microsoft co-founder Paul Allen, as the company enters the lucrative private space market.

The white airplane called Roc, which has a wingspan the length of an American football field and is powered by six engines on a twin fuselage, took to the air shortly before 7 a.m. Pacific time (1400 GMT) and stayed aloft for more than two hours before landing safely back at the Mojave Air and Space Port as a crowd of hundreds of people cheered.

“What a fantastic first flight,” Stratolaunch Chief Executive Officer Jean Floyd said in a statement posted to the company’s website.

“Today’s flight furthers our mission to provide a flexible alternative to ground launched systems, Floyd said. “We are incredibly proud of the Stratolaunch team, today’s flight crew, our partners at Northrup Grumman’s Scaled Composites and the Mojave Air and Space Port.”

The plane is designed to drop rockets and other space vehicles weighing up to 500,000 pounds at an altitude of 35,000 feet and has been billed by the company as making satellite deployment as “easy as booking an airline flight.”

Saturday’s flight, which saw the plane reach a maximum speed of 189 miles per hour and altitudes of 17,000 feet, was meant to test its performance and handling qualities, according to Stratolaunch.

Allen, who co-founded Microsoft with Bill Gates in 1975, announced in 2011 that he had formed the privately funded Stratolaunch.

The company seeks to cash in on higher demand in coming years for vessels that can put satellites in orbit, competing in the United States with other space entrepreneurs and industry stalwarts such as Elon Musk’s SpaceX and United Launch Alliance – a partnership between Boeing and Lockheed Martin.

Stratolaunch has said that it intends to launch its first rockets from the Roc in 2020 at the earliest. Allen died in October 2018 while suffering from non-Hodgkins’ lymphoma, just months after the plane’s development was unveiled.

“We all know Paul would have been proud to witness today’s historic achievement,” said Jody Allen, Chair of Vulcan Inc and Trustee of the Paul G. Allen Trust. “The aircraft is a remarkable engineering achievement and we congratulate everyone involved.”

(Reporting by Dan Whitcomb; editing by Grant McCool)

Source: OANN

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Most Censored Man In America Interviews Most Censored Woman

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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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