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UK manufacturers see stronger orders, average output growth: CBI

A foundry worker takes a break during the manufacture of new mouldings, gutters and roof tiles to be used during the restoration of Britain's Houses of Parliament and the Big Ben clock tower at the Hargreaves Foundry in Halifax
A foundry worker takes a break during the manufacture of new mouldings, gutters and roof tiles to be used during the restoration of Britain's Houses of Parliament and the Big Ben clock tower at the Hargreaves Foundry in Halifax, Britain, January 24, 2019. REUTERS/Phil Noble

February 20, 2019

LONDON, (Reuters) – British factory orders picked up this month after dipping in January, and output is expected to be solid as Britain leaves the European Union, a survey from the Confederation of British Industry showed on Wednesday.

Although the CBI warned that Brexit talks were rapidly approaching “crisis point”, its data painted a more positive picture ahead of Brexit than many recent surveys of the sector.

Official data last week showed the sector contracted by the biggest amount in in over five years during the final three month of 2018.

The CBI’s factory order book balance rose to +6 this month from January’s reading of -1, above all forecasts in a Reuters poll of economists and above the survey’s long-run average.

Export order growth also strengthened, though manufacturers expected output growth to slow over the next three months from the above-average rates predicted in December and January.

“UK manufacturing activity has moderated at the same time as headwinds from Brexit uncertainty and a weaker global trading environment have grown,” CBI economist Anna Leach said.

Britain’s main manufacturing body, Make UK, warned on Tuesday that a no-deal Brexit next month would be a “catastrophic prospect” for the sector.

Finance minister Philip Hammond told Make UK’s annual dinner that lawmakers and EU leaders needed to listen to industry.

“The clock is ticking quickly towards crisis point,” Leach added. “It is of critical importance that politicians of all stripes and on both sides of the channel come to agreement on the terms of a Brexit deal as soon as possible.”

(Reporting by David Milliken, editing by Andy Bruce)

Source: OANN

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Washington Free Beacon editor in chief calls Trump-Barr the new Trump-Russia conspiracy

The Washington Free Beacon editor in chief defended Attorney General William Barr’s handling of the Mueller report and accused Democrats of creating another conspiracy.

“I mean we've gone from a Trump-Russia conspiracy, which seems to have been disproven by Mueller's investigation, to Trump-Barr conspiracy, which has been quickly adopted by the Democrats as the new political play,” Matthew Continetti said Tuesday on “Special Report.”

Continetti described Barr as the antithesis of former FBI director James Comey.

BARR SETS DEADLINE FOR SENDING MUELLER REPORT TO CONGRESS

Barr, the editor told Baier as a member of the panel, has "done everything by the book." This, in contrast to Comey, who he said "went ahead and inserted himself into the public sphere with his announcements about the investigations."

“He has done exactly what one would expect from someone who follows the book.”

Barr testified before a congressional panel on Capitol Hill on Tuesday in his first appearance since releasing a four-page summary of Special Counsel Robert Mueller's Russia investigation. Despite the Democratic criticism, he said his office is hard at work preparing to release the report (with redactions) “within a week.”

House Appropriations Committee Chairwoman Nita Lowey, D-N.Y., accused Barr of seeming to "cherry pick" from the report to "draw the most favorable conclusion possible for the president" during her opening statement.

WOW: CHELSEA HANDLER SAYS SHE HAS 'FEELINGS' FOR ROBERT MUELLER

Other Democrats made similar comments as Barr appeared before the House Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee for a hearing originally meant to address Barr’s fiscal 2020 spending request for the Justice Department.

Barr maintained that he is working "diligently to make as much information as possible available to Congress."

Fox News’ Brooke Singman, Gregg Re, Chad Pergram and The Associated Press contributed to this report.

Source: Fox News Politics

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Peter Schiff Slams Fed for Printing Money While Artificially Keeping Interest Rates Down

During the New Orleans Investment Conference, Peter Schiff participated in a panel discussion with Ben Hunt and Mike Larson. They talked about bubbles, booms and busts.

Hunt called it the “bubble of everything.” But he said the “gravitational force” created by all of the assets central banks have purchased over the last year have changed the “bubble-popping process.” That makes it hard to predict when things will actually start to deflate. He said it will take something the undermines the market confidence that central banks can bail us out. Hunt said inflation was possibly the pin that could prick the bubble.

Larson called it the “uber-bubble,” and he said he already sees some of the background concerns that have been simmering for  a long time are starting to “bubble over.” (Pun intended.) He said the last two bubbles were high in amplitude, but limited to certain parts of the economy (dot-coms and housing). The current bubble isn’t as high in amplitude, but it’s broader-based. We see bubbles in stocks, high-yield bonds, housing (again), and commercial real estate, along with a lot of other assets you don’t hear as much about – such as art and comic books.

“I think the process of unwinding this is already beginning.”

Peter focused in on the cause of the bubbles.

“When you see rampant, wide-scale bad decisions, generally a central banker is behind it, and they have made a bad decision to create too much money and to artificially manipulate interest rates down.”

This creates distortions in the economy because interest rates are really nothing more than price signals.

“And like all prices, they need to be determined by the free market.”

Whenever the government – and central banks are really an extension of governments – price fixes something, it creates big distortions and malinvestments.

“We have had artificially low-interest rates for an unprecedented number of years at an unprecedented low rate. So, the mistakes that have been made during this time period dwarf the mistakes that have ever been made in any bubble in the past because the bubble is so much bigger.”

When a bubble finally bursts, it’s really just the free market trying to clean up the mess created by the intervention. The bigger the boom, the bigger the bust.

“The problem now is that the boom is so big that the bust will be catastrophic. And what’s going to make this bust different is that there is no bailout. There is no stimulus. It is impossible to reflate this bubble, because, as has been said, this is a bubble of everything. They can’t make a bubble go someplace else. It already is everyplace.”

(Photo by Wikimedia Commons)

Peter said the only place there isn’t a bubble is in gold. That means there is also a bubble in complacency and optimism.

“People are so drunk on all this cheap money, they think nothing can go wrong.”

As far as what pin will prick the bubble, Peter said there are all kinds of pins out there. The problem is that when you’re in a bubble, you can’t see the pins.

The panel goes on to discuss some of the specific manifestations of the bubbles and where they see trouble spots.

And Peter makes a pitch for gold, saying his 24 karat gold cufflinks will outperform the S&P 500 over the next five years. He pointed out that when they started popping the dot-com bubble, gold was under $300. It got as high as $1,900 in 2011.

“This game is not over. The fat lady hasn’t sung yet. When this final bubble pops, gold is going through the roof –I do think that by the time this bubble has run its course, you’ll be able to buy the Dow Jones for an ounce of gold.”


Owen Shroyer delivers an epic rant on how U.S. soldiers were disrespected at the southern border by the Mexican Army.

Source: InfoWars

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Ruth Bader Ginsburg’s supporters ring in her birthday by exercising outside Supreme Court

An area outside the nation’s highest court became a workout zone on Friday as supporters of Supreme Court Justice Ruth Bader Ginsburg rang in her birthday.

In honor of her turning 86, fans of Ginsburg – who is known for her rigorous exercise regimen – assumed the plank position outside the Supreme Court in Washington, while belting out “Happy Birthday,” The Associated Press reported.

AS RUTH BADER GINSBURG TURNS 86, HOMETOWN BROOKLYN PLANS CELEBRATION FOR SUPREME COURT JUSTICE

Leading the exercise was Bryant Johnson, the justice’s own workout instructor, while her son James was also in attendance.

At least one person in the group was photographed sporting a black robe and white lace collar, mirroring Ginsburg’s trademark look.

The justice’s routine includes push-ups and planks, the outlet reported.

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Ginsburg left a message for the group of supporters with Johnson, he told AP. She wanted him to relay that for the first time since she underwent surgery for lung cancer in December, she has "been able to do the planks the correct way and the push-ups.”

The court announced late last year that Ginsburg underwent a pulmonary lobectomy at Memorial Sloan Kettering Cancer Center in New York City after two nodules in the lower lobe of her left lung were discovered. The discovery came incidentally during tests, after she fractured several ribs during a fall in November.

Fox News’ Alex Pappas and The Associated Press contributed to this report.

Source: Fox News National

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Candace Owens Gives Devastating Opening Testimony At Congressional Hearing

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Source: InfoWars

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Pope accepts resignation of Chilean cardinal accused of abuse cover up

Archbishop of Santiago, Ricardo Ezzati, leaves the prosecutor's building after a hearing over allegations he covered-up sexual abuse of minors, in Rancagua
Archbishop of Santiago, Ricardo Ezzati, leaves the prosecutor's building after a hearing over allegations he covered-up sexual abuse of minors, in Rancagua, Chile, October 3, 2018. REUTERS/Ivan Alvarado

March 23, 2019

VATICAN CITY (Reuters) – Pope Francis has accepted the resignation of Cardinal Ricardo Ezzati, the archbishop of Santiago, Chile, who has been caught up in the country’s sex abuse scandal.

A Vatican statement on Saturday said the pope had named Bishop Celestino Aós Braco of the Chilean city of Copiapó, as “apostolic administrator” to run the Santiago archdiocese until a new archbishop is named to succeed Ezzati.

Ezzati faces multiple charges of cover up, including some relating to the case of Oscar Munoz, a former top aide to the Santiago Archbishopric, who is facing trial on charges he abused and raped at least five children.

(Reporting By Philip Pullella; Editing by Crispian Balmer)

Source: OANN

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Winner of $768 million Powerball jackpot coming forward

The winner of Powerball lottery ticket worth an estimated $768 million will soon be revealed.

Lottery officials scheduled a news conference Tuesday in Wisconsin where the ticket was sold last month. Wisconsin lottery officials said a person coming forward to claim the third-largest jackpot in U.S. lottery history will attend the news conference. They didn't indicate whether it is one individual winner or a person representing a group of people.

The winning ticket was sold at a Speedway gas station in the Milwaukee suburb of New Berlin, a city of about 40,000 people roughly 14 miles (23 kilometers) southwest of Milwaukee. The ticket has a cash option of $477 million.

The gas station will receive $100,000 for selling the winning ticket.

Source: Fox News National

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

CLICK HERE TO GET THE FOX NEWS APP

Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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