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Defrocked priest accused of abusing teenage boys fatally shot in Nevada, police say

A defrocked Roman Catholic priest who was among nearly 200 New Jersey priests facing accusations of sexual abuse was shot and killed in a Las Vegas suburb, officials said Tuesday.

John Capparelli, 70, was found dead Saturday inside the kitchen of his Henderson home with a gunshot wound to his neck, said Nicole Charlton, the Clark County Coroner’s Office medical examiner. Capparelli had moved into the $319,000 home in August 2016, according to property records.

TOP FRENCH CARDINAL SENTENCED IN 'HISTORIC' CASE FOR NOT REPORTING CHILD ABUSE BY PRIEST

Police believe Capparelli died amid “suspicious circumstances,” but authorities haven’t divulged details as to whether there’s a suspect in his death or if the killing had anything to do with the abuse allegations.

“Preliminary investigation indicates the victim died of suspicious circumstances, and the incident is being investigated as a homicide,” police said in a statement, according to NJ.com. “A suspect has not been identified at this time and police are following up on developed leads.”

Capparelli, who was included last month on a list of 180 priests facing abuse allegations as named by five New Jersey dioceses, was a math tutor for high school and college students.

Joann D’Angelo, a neighbor, told the Associated Press that Capparelli lived alone.

“He was a very quiet man,” she said. “He minded his own business.”

Capparelli was among the priests accused of groping and brutalizing teen boys in the 1970s and 1980s and was defrocked in 1992, according to an NJ.com report last month. He later worked as a public school math teacher in the Newark, N.J., School District but agreed to have his teaching licenses revoked in 2011 when the allegations first emerged.

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Capparelli was also accused of running a website featuring young men wrestling in revealing bathing suits.

The Associated Press contributed to this report.

Source: Fox News National

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For Yazidi survivors of Islamic State killings, the nightmares go on

Yazidi man walks through ruins of his house destroyed by IS militants near Sinjar
A Yazidi man walks through the ruins of his house, destroyed by Islamic State militants near Sinjar, Iraq February 5, 2019. Picture taken February 5, 2019. REUTERS/Khalid al-Mousily

February 19, 2019

By Ayat Basma and Kawa Omar

SINJAR, Iraq (Reuters) – Ever since Islamic State visited death and destruction on their villages in northern Iraq nearly five years ago, Yazidis Daoud Ibrahim and Kocher Hassan have had trouble sleeping.

For Hassan, 39, who was captured, it is her three missing children, and three years of imprisonment at the hands of the jihadist group.

For Ibrahim, 42, who escaped, it is the mass grave that he returned to find on his ravaged land.

“They burnt one house down, blew up the other, they torched the olive trees two three times…There is nothing left,” the father of eight told Reuters.

More than 3,000 other members of their minority sect were killed in 2014 in an onslaught that the United Nations described as genocidal.

Ibrahim and Hassan lived to tell of their suffering, but like other survivors, they have not moved on.

She will never set foot in her village of Rambousi again. “My sons built that house. I can’t go back without them…Their school books are still there, their clothes,” she said.

‘THEY WANT TO BE BURIED’

As U.S. President Donald Trump prepares to announce the demise of the Islamist group in Syria and Iraq, U.N. data suggests many of those it displaced in the latter country have, like Hassan, not returned home.

Meanwhile, Ibrahim and his family live in a barn next to the pile of rubble that was once their home. He grows wheat because the olive trees will need years to grow again. No one is helping him rebuild, so he is doing it himself, brick by brick.

“Life is bad. There is no aid,” he said sitting on the edge of the collapsed roof which he frequently rummages under to find lost belongings. On this day, it was scarves, baby clothes and a photo album.

“Every day that I see this mass grave I get ten more gray hairs,” he said.

The grave, discovered in 2015 just outside nearby Sinjar city, contains the remains of more than 70 elderly women from the village of Kocho, residents say.

“I hear the cries of their spirits at the end of the night. They want to be buried, but the government won’t remove their remains.” They and their kin also want justice, Ibrahim adds.

When the militants came, thousands of Yazidis fled on foot towards Sinjar mountain. More than four years later, some 2,500 families – including Hassan and five of her daughters – still live in the tents that are scattered along the hills that weave their way towards the summit.

The grass is green on the meadows where children run after sheep and the women pick wild herbs.

But the peaceful setting masks deep-seated fears about the past and the future.

GRATEFUL FOR THE SUN

Until a year and a half ago, Hassan and five of her children were kept in an underground prison in Raqqa with little food and in constant fear of torture.

She doesn’t know why Islamic State freed her and the girls, then aged one to six, and hasn’t learnt the fate of the three remaining children: two boys Fares and Firas, who would be 23 and 19 now, and Aveen, a girl who would be 13.

There is no electricity or running water in the camp where they live today. She doesn’t remember when her children last ate fruit. “Life here is very difficult but I thank God that we are able to see the sun,” she said.

During the day, her children go to school and are happy, but at night “they are afraid of their own shadow”, and she herself has nightmares.

“Last night, I dreamt they were slaughtering my child,” she said.

Mahmoud Khalaf, her husband, says Islamic State not only destroyed their livelihoods. The group broke the trust between Yazidis and the communities of different faiths and ethnicities they had long lived alongside.

“There is no protection. Those who killed us and held us captive and tormented us have returned to their villages,” Khalaf, 40, said referring to the neighboring Sunni Arab villages who the Yazidis say conspired with the militants.

“We have no choice but to stay here…They are stronger than us.”

(Reporting by Ayat Basma; editing by John Stonestreet)

Source: OANN

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Conservative speaker who was assaulted by protester: ‘This was a warning shot to conservatives’

A conservative speaker who was assaulted by a protester Thursday while speaking about the differences between men and women says his attack was a “warning shot” by Leftists against conservatives and lambasted the university for allowing “political violence to fester on campus.”

“I woke up this morning expecting an apology for being assaulted during a lecture that I was invited to give at the University of Missouri. Instead, I was smeared baselessly as a bigot,” Michael Knowles said on “Tucker Carlson Tonight” Friday.

MICHAEL KNOWLES: CAN YOU BELIEVE WHAT THE PRESIDENT SAID ABOUT IMMIGRATION?

“They referred to my claim that men are not women as an extreme viewpoint and they tacitly are permitting political violence to fester on campus.”

The event, sponsored by the conservative Young America’s Foundation, took place at the University of Missouri-Kansas City and featured a speech titled “Men Are Not Women” before a protester sprayed an unknown substance on Knowles prompting the protester’s arrest.

Friday, Chancellor C. Mauli Agrawal praised Knowles protesters, but condemned the protester who “crossed a line” and condemned Knowles himself.

"A student group brought a speaker to campus – a speaker whose professed opinions do not align with our commitment to diversity and inclusion and our goal of providing a welcoming environment to all people, particularly to our LGBT community," Agrawal wrote in a statement.

DEFENDANT IN UC-BERKELEY ASSAULT PLEADS NOT GUILTY

Knowles called the chancellor “a disgrace” and called the protesters reaction “fascism.”

“This was a warning shot to conservatives on colleges around the country that if you don't shut up. If you don't kowtow to leftist orthodoxy you will be bullied. You will be shouted down. You will be physically intimidated and maybe next time that substance will be a little more dangerous, a little more toxic,” Knowles told Carlson.

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“It is fascism as clear as fascism can be.”

Source: Fox News Politics

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Thai activists protest against commission after chaotic poll

An activist holds a poster as she protests the election result in Bangkok
An activist holds a poster as she protests the election result in Bangkok, Thailand, March 31, 2019. REUTERS/Soe Zeya Tun

March 31, 2019

By Patpicha Tanakasempipat

BANGKOK (Reuters) – More than 100 opposition activists protested in central Bangkok on Sunday, accusing the election commission of delaying and manipulating the results of the first polls since a 2014 coup.

A week after the March 24 vote, the outcome of Thailand’s national election remains uncertain and might not be known until after the commission publishes official results due on May 9.

The body released partial results the night of the vote, and took four more days to publish fuller counts, showing a party supporting the ruling military junta winning the popular vote but the opposition Pheu Thai party ahead in partial results of House of Representatives seats.

Both the Palang Pracharat party – which seeks to keep junta leader Prayuth Chan-ocha in office – and an anti-junta “democratic front” of seven parties, led by Pheu Thai, have claimed a mandate to form the next government.

“Get out! Stop cheating! Respect the people!” chanted the protesters close to the city’s Victory Monument.

They urged bystanders to add to the 830,000 signatures on an online petition to impeach the commission. The commission has declined to comment on criticism of its handling of the results.

The post-election standoff could raise tensions just as the Southeast Asian country prepares for the elaborate coronation of King Maha Vajiralongkorn in May.

On Saturday, the king issued an order revoking royal decorations that had been awarded to former prime minister Thaksin Shinawatra, who was ousted in an earlier 2006 army coup and is linked to the Pheu Thai party.

The move could hurt the standing of Thaksin and the affiliated party in the eyes of many Thais, because the monarchy is revered without question in Thai culture.

Thaksin-linked parties have won every election since 2001. The 2014 coup ousted a Pheu Thai-led government that had Thaksin’s sister, Yingluck Shinawatra, as prime minister.

(Reporting by Patpicha Tanakasempipat; Editing by Kay Johnson and Andrew Heavens)

Source: OANN

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Explainer: Why Trump’s legal woes go beyond the Mueller report

Trump's hosts a meeting with Caribbean leaders at his Mar-a-Lago estate in Palm Beach, Florida
U.S. President Donald Trumps, seated with acting Defense Secretary Patrick Shanahan (C) and National Security adviser John Bolton speaks during a meeting with the leaders of The Bahamas, the Dominican Republic, Haiti, Jamaica and Saint Lucia at his Mar-a-Lago estate in Palm Beach, Florida, U.S., March 22, 2019. REUTERS/Kevin Lamarque

March 22, 2019

By Jan Wolfe

WASHINGTON (Reuters) – The closure of Special Counsel Robert Mueller’s investigation into Russia’s role in the 2016 U.S. election does not mark the end of legal worries for President Donald Trump and people close to him. Other ongoing investigations and litigation are focusing on issues including his businesses and financial dealings, personal conduct, charitable foundation and inaugural committee.

These investigations, pursued by prosecutors at the federal and state level, could result in charges beyond those brought in Mueller’s investigation or civil liability. The special counsel on Friday submitted his confidential report on the investigation to U.S. Attorney General William Barr, who must decide on how much of it to make public.

The U.S. Justice Department has a decades-old policy that a sitting president cannot face criminal charges, so such a case against Trump would unlikely while he is in office even if there were evidence of wrongdoing. Some legal experts have argued that the department is wrong and that a president is not immune from prosecution. Either way, Trump potentially could face charges once he is out of office.

Here is an explanation of some criminal investigations and civil lawsuits still underway.

MUELLER’S CRIMINAL CASES

Mueller charged 34 individuals and three companies. Several of those cases resulted in guilty pleas and one case went to trial, with former Trump campaign chairman Paul Manafort convicted in August 2018 of eight criminal counts including bank fraud and tax fraud. Longtime Trump adviser Roger Stone was indicted in January 2019 and pleaded not guilty but his trial is still pending. There are other cases involving indicted Russians that have not gone to trial. Other prosecutors within the Justice Department will likely take over criminal cases begun by Mueller, legal experts said.

BUSINESS PRACTICES AND FINANCIAL DEALINGS

Trump may face significant peril from federal prosecutors in Manhattan, according to legal experts. His former personal lawyer Michael Cohen said in Feb. 27 congressional testimony that the U.S. Attorney’s Office for the Southern District of New York is examining Trump’s business practices and financial dealings. Cohen already has implicated Trump in campaign finance law violations to which he pleaded guilty in August 2018 as part of the Southern District of New York investigation.

Cohen admitted he violated campaign finance laws by arranging, at Trump’s direction, “hush money” payments shortly before the 2016 presidential election to adult-film actress Stormy Daniels and former Playboy magazine model Karen McDougal to prevent damage to Trump’s candidacy. Both women said they had sexual relationships with Trump more than a decade ago. He has denied that.

Prosecutors said the payments constituted illegal campaign contributions intended to influence the election. Under federal election laws, such donations cannot exceed $2,700 and need to be publicly disclosed. Daniels received $130,000. McDougal received $150,000.

The New York investigation has involved long-time Trump ally David Pecker, the publisher of the National Enquirer tabloid newspaper, who admitted to paying McDougal for the rights to her story and then suppressing it to influence the election, an arrangement called “catch and kill.”

In his Feb. 27 hearing, Cohen said he was in “constant contact” with Manhattan federal prosecutors and said other crimes and wrongdoing by Trump are being investigated by them, though he did not offer details. Cohen said he could not testify about the nature of his last conversation with Trump in early 2018 because it was under investigation by the federal prosecutors in New York.

NEW YORK STATE CHARGES AGAINST MANAFORT

The Manhattan district attorney’s office is exploring criminal charges against Paul Manafort, President Donald Trump’s former campaign chairman, over financial crimes related to unpaid state taxes and possibly loans. In cases bought by Mueller, Manafort in 2018 was convicted of tax fraud, bank fraud and failing to disclose foreign bank accounts in Virginia and pleaded guilty to two conspiracy charges in Washington. He was sentenced to a combined 7-1/2 years in prison in the two cases. Trump has not ruled out granting Manafort a pardon. The president would not be able to pardon Manafort if he is convicted of charges brought by the Manhattan district attorney because they would not be federal crimes. However, New York has broad double jeopardy protections that usually prevent the state from prosecuting a person for crimes arising from the same criminal conduct the federal government has prosecuted before.

SUMMER ZERVOS DEFAMATION SUIT

A defamation lawsuit against Trump by Summer Zervos, a former contestant on his reality television show “The Apprentice,” continues in New York state court after a judge in 2018 allowed it to proceed. Zervos sued Trump after he called her and other women who have accused him of sexual misconduct liars and retweeted a post labeling her claims a hoax.

Trump has agreed to provide written answers to questions from Zervos by Sept. 28, according to a court filing.

Zervos accused Trump of kissing her against her will at his New York office in 2007 and later groping her at a meeting at a hotel in California. More than a dozen women have accused Trump of making unwanted sexual advances against them years before he entered politics.

Marc Kasowitz, a lawyer for Trump, had argued that the lawsuit unconstitutionally impedes the president from performing his duties. An appeals court rejected that argument on March 14 by a 3-2 vote. Kasowitz said he would appeal the decision to the state’s highest court.

Separately, two lawsuits against Trump brought by adult film star Stormy Daniels were dismissed.

THE TRUMP FOUNDATION

A lawsuit filed by the New York state Attorney General’s Office already led the Donald J. Trump Foundation, which was presented as the charitable arm of Trump’s business empire, to agree in December 2018 to dissolve, and the litigation continues.

The state is seeking an order banning Trump and his three eldest children from leadership roles in any other New York charity. Trump has said the lawsuit was concocted by “sleazy New York Democrats.” The state’s Democratic attorney general accused the foundation of being “engaged in a “shocking pattern of illegality” and “functioning as little more than a checkbook to serve Mr. Trump’s business and political interests” in violation of federal law.

The attorney general’s office alleged Trump and his family members used the charity to pay off his legal debts and purchase personal items. The foundation agreed to dissolve and give away all its remaining assets under court supervision.

“EMOLUMENTS” LAWSUIT

Trump is accused in a lawsuit filed by the Democratic attorneys general of Maryland and the District of Columbia of violating anti-corruption provisions of the U.S. Constitution through his businesses’ dealings with foreign governments.

The Richmond, Virginia-based 4th U.S. Circuit Court of Appeals will hear arguments on March 19 in the Trump administration’s appeal of U.S. District Judge Peter Messitte’s 2018 rulings allowing the case to proceed.

The Constitution’s “emoluments clauses” bars U.S. officials from accepting payments from foreign governments and the governments of U.S. states without congressional approval. The lawsuit stated that because Trump did not divested himself of his business empire, spending by foreign governments at the Trump International Hotel in Washington amounts to unconstitutional gifts, or “emoluments,” to the president.

TRUMP INAUGURAL COMMITTEE

Federal prosecutors in New York are investigating whether the committee that organized Trump’s inauguration in January 2017 accepted illegal donations from foreigners, misused funds or brokered special access to the administration for donors.

Federal election law prohibits foreigners from donating to U.S. political campaigns or inaugural committees, and corruption laws ban donors from making contributions in exchange for political favors.

Trump lawyer Rudy Giuliani said in December 2018 that the president was not involved in his inaugural committee. The $107 million raised by the committee, which was chaired by real estate developer and investor Thomas Barrack, was the largest in history, according to U.S. Federal Election Commission filings.

IMPEACHMENT

Under the U.S. Constitution, the president, vice president and “all civil officers of the United States” can be removed from office by Congress through the impeachment process for “treason, bribery, or other high crimes and misdemeanors.” The House of Representatives acts as the accuser – voting on whether to bring specific charges such as obstruction of justice – and the Senate then conducts a trial with House members acting as prosecutors and the individual senators serving as jurors. A simple majority vote is needed in the House to impeach. A two-thirds majority is required in the Senate to convict and remove.

(Reporting by Jan Wolfe; Editing by Bill Trott)

Source: OANN

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PM May says short Brexit delay will give Britain time to make final choice

European Union leaders summit in Brussels
Britain's Prime Minister Theresa May arrives for a European Union leaders summit in Brussels, Belgium March 21, 2019. REUTERS/Toby Melville

March 21, 2019

BRUSSELS (Reuters) – British Prime Minister Theresa May said on Thursday a short delay to Britain’s departure from the European Union would give parliament time to make a final choice on Brexit, hours before she will make her case with EU leaders for an extension.

On arriving at an EU summit, May again said she wanted to leave the bloc with a deal and a short extension to the so-called Article 50 two-year negotiating period would enable what is a deeply divide parliament to approve her deal.

“A short extension would give parliament the time to make a final choice that delivers on the result of the referendum,” she told reporters.

(Reporting by William James, writing by Elizabeth Piper)

Source: OANN

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5 German firms each give $1.1 million to Holocaust memorial

Five well-known German companies, including the country's only publicly traded soccer club, are donating 1 million euros ($1.1 million) each to Israel's Yad Vashem memorial for the development of a facility to preserve, catalog and store Holocaust-related artifacts.

Borussia Dortmund managing director Carsten Cramer said Tuesday that the club thought the project important to preserve the memory of the Holocaust and the 6 million Jews killed by Nazi Germany, as well as fighting anti-Semitism today.

Daimler, railway operator Deutsche Bahn, Deutsche Bank and Volkswagen are also donating to the construction of the "Shoah Heritage Collections Campus," which is scheduled to open in 2021.

The memorial has collected more than 210 million documents, 500,000 photographs, 131,000 survivor testimonies, 32,400 artifacts, and 11,500 works of art since it was established in 1953.

Source: Fox News World

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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