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US and World News

Haitians shelter in sports center as fresh attacks displace nearly 9,000

by Reuters August 26, 2023
By Reuters

By Jean Loobentz Cesar

PORT-AU-PRINCE (Reuters) – Hundreds of people are crammed into small white tents in the courtyard of a sports center in the Haitian capital, Port-au-Prince, drying clothes on the access ramps and washing their children in small, plastic tubs.

Some 8,730 people have been displaced around the heavily populated neighborhood of Carrefour-Feuilles, according to U.N. estimates on Saturday, more than half due to a fresh outbreak of violence two days earlier.

Residents began moving out of the area en masse from Aug. 12, when armed gangs mounted their attacks on the area.

Under-resourced police have struggled to fight off the armed groups which now control large parts of the capital, their turf wars driving a devastating humanitarian crisis that has displaced around 200,000 nationwide.

Ariel Henry, Haiti’s unelected prime minister, called for urgent international security assistance last October.

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Though countries were wary of backing Henry and repeating the serious abuses committed by past interventions, Kenyan delegates met with Henry and top police chiefs this week to assess leading such a force.

The motion is eventually expected to go to a U.N. Security Council vote.

“Even if order was restored to the area, I would not come back,” said Orisca Marie Youseline, who grew up in Carrefour-Feuilles and is now one of some 930 people the U.N. estimates is sheltering at the Gymnasium Vincent sports center.

“We are running too much, we are tired of always being victims.”

SEVERELY UNDER-EQUIPPED

Meanwhile outside the French Embassy, protected by high walls, caged security cameras and barbed wire, protesters set a tire on fire as people patrolled with machetes.

Many Haitians have joined civilian self-defense groups known as “Bwa Kale,” a movement which has inspired hope but also sparked retaliation against civilians and stirred fears the groups are spurring on the violence.

After Thursday’s escalation, thousands of people who had taken refuge at the Lycee Carrefour-Feuilles moved to other sites, including other schools and the square outside a cinema.

“These places are not made to handle the situation of displaced people,” said Gedeon Jean, director at local rights group CARDH, which raised the alarm about the displaced residents -including people who are elderly, disabled, pregnant or with young children- going a week without aid.

Many families living in outdoor tents suffered from rains brought by Tropical Storm Franklin, now a hurricane.

Civil protection, social services and French NGO Medecins du Monde are helping supply the sites, Jean said, adding police were severely under-equipped and “the needs are huge.”

“Even if this foreign force comes, when it leaves we will be in the same situation,” said Youseline. “They will come for a few months, help us, push the gangs back, and when they leave we will be back here. I don’t want to live like this anymore.”

(Reporting by Jean Loobentz Cesar in Port-au-Prince and Sarah Morland in Mexico City; Editing by Andrea Ricci)

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August 26, 2023 0 comments
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China Sends Dozens Of Aircraft, Vessels Toward Taiwan Days After Biden Admin Greenlit $500-Million Arms Sale

by The Daily Caller August 26, 2023
By The Daily Caller

China Sends Dozens Of Aircraft, Vessels Toward Taiwan Days After Biden Admin Greenlit $500-Million Arms Sale

Kate Anderson on August 26, 2023

The Taiwan defense ministry announced Saturday that Chinese military aircraft and vessels are heading for the island days after a $500 million arms deal was approved between the U.S. and Taiwan, according to the Associated Press.

On Wednesday, the U.S. approved $500 million in equipment for F-16 fighter jet search and tracking capabilities in order to improve Taiwan’s ability to “meet current and future threats,” according to a statement from the State Department. The defense ministry said that 32 aircraft and nine vessels from the People’s Liberation Army and China’s navy were spotted between 6 a.m. Friday and 6 a.m. Saturday, according to the AP.

Over half of the aircraft crossed over into the Taiwan Strait or alternatively went into the island’s aircraft identification zone, resulting in the Taiwanese military instructing its own aircraft and military vessels to respond, according to the AP. Beijing has continued to increase military drills in the area in opposition to the island’s moves for independence.

The arms deal included Infrared Search and Track (IRST) systems, computer software and extra parts for Taiwan’s military aircraft, according to a statement from the State Department. The department further explained that it “serves U.S. national, economic, and security interests by supporting the recipient’s continuing efforts to modernize its armed forces.”

It will “improve the recipient’s capability to meet current and future threats by contributing to the recipient’s abilities to defend its airspace, provide regional security, and increase interoperability with the United States through its F-16 program,” the department’s statement reads.

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Chinese Defense Ministry spokesperson Zhang Xiaogang released a statement Friday following the arms deal, saying that China strongly disapproved of the decision and viewed it as a “gross interference” and a “heinous act,” according to the AP. He further demanded that the U.S. adhere to its previous commitment to stay out of Taiwan’s fight for independence.

The State Department did not immediately respond to the Daily Caller News Foundation’s request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

August 26, 2023 0 comments
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BOJ’s Ueda: Underlying inflation still a bit below target

by Reuters August 26, 2023
By Reuters

JACKSON HOLE, Wyoming (Reuters) -Underlying inflation in Japan remains “a bit below” the Bank of Japan’s 2% target, BOJ Governor Kazuo Ueda said at a Federal Reserve research symposium on Saturday, and as a result the bank will maintain the current approach to monetary policy.

“We think that underlying inflation is still a bit below our target,” Ueda said. “This is why we are sticking with our current monetary easing framework.”

Japan’s core consumer inflation hit 3.1% in July, staying above the central bank’s 2% inflation target for the 16th straight month, as companies continued to pass on higher costs to households.

Ueda said domestic demand was “still at a healthy trend” and business fixed-investment was “supported by record high profits.”

Nevertheless, inflation “is expected to decline” from here, he said, with the underlying trend still less than the target.

The BOJ has said it needs to maintain ultra-low rates until it is clear that robust domestic demand and higher wages replace cost-push factors as key drivers of price gains, and keep inflation sustainably around its target.

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Investors have been waiting for hints of when the BOJ may change its policy of yield curve control, under which the bank holds short-term interest rates at -0.1% and the 10-year bond yield around 0% as part of efforts to prop up growth and sustainably achieve its 2% inflation target. It also sets an allowance band of 50 basis point around the 10-year yield target. The BOJ nominally kept the band unchanged last month but said it would now allow the 10-year yield to rise to as much as 1.0%.

(Reporting by Howard Schneider; Additional reporting by Leika Kihara in Tokyo; Editing by Andrea Ricci and Diane Craft)

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August 26, 2023 0 comments
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Zimbabwe ruling party’s vote lead grows as observers decry ‘climate of fear’

by Reuters August 26, 2023
By Reuters

By Nelson Banya and Nyasha Chingono

HARARE (Reuters) -Partial results from Zimbabwe’s parliamentary election suggested the ruling party’s lead was growing on Friday, but election observers said the vote did not meet international standards and was conducted in a “climate of fear”.

President Emmerson Mnangagwa’s ZANU-PF party was widely expected to maintain its 43-year grip on power after Zimbabweans voted in a parliamentary and presidential poll on Wednesday.

A tally by state broadcaster ZBC showed ZANU-PF winning 101 parliamentary constituencies and the main opposition party Citizens Coalition for Change (CCC) winning 59, out of a total of 210.

The result of the presidential vote has not been announced yet. It is expected within five days of voting.

Mnangagwa, 80, is seeking re-election at a time when the southern African country is grappling with soaring inflation and high unemployment, with many Zimbabweans reliant on dollar remittances from relatives abroad to make ends meet.

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His main challenger is 45-year-old lawyer and pastor Nelson Chamisa.

Zimbabwe’s chances of resolving a debt crisis and obtaining World Bank and International Monetary Fund loans are at stake, as foreign lenders have said a free and fair vote is a pre-condition for any meaningful talks.

The government and electoral commission promised a clean election. But some political analysts said it was likely to be heavily skewed in Mnangagwa’s favour given his party’s history of using state institutions to manipulate results.

“Curtailed rights and lack of level playing field led to an environment that was not always conducive to voters making a free and informed choice,” the head of the European Union’s observer mission, Fabio Massimo Castaldo, said.

“Acts of violence and intimidation resulted in a climate of fear,” he told a news conference in the capital Harare, adding that the election did not meet international standards for transparency.

Police violently arrested members of the Zimbabwe Election Support Network and the Election Resource Centre (ERC) on Wednesday, both civil society groups that had said they were monitoring the vote in the interests of democracy, Castaldo said.

The ERC later posted on X, formerly known as Twitter, that 16 of its staff together with Zimbabwe Election Support Network members had been released on $200 bail each by a magistrate.

An observer team from the Southern African Development Community (SADC) said voting was peaceful but noted issues including voting delays, the banning of rallies, biased state media coverage and the failure of the electoral commission to give candidates access to the voters’ role.

“Some aspects of the harmonised elections fell short of the requirements of the constitution of Zimbabwe, the Electoral Act and the SADC principles and guidelines governing democratic elections,” the head of the team, Nevers Mumba, said.

ZANU-PF secretary for finance Patrick Chinamasa told reporters late on Thursday the ruling party was on course to achieve a two-thirds majority in the National Assembly, while he predicted Mnangagwa was “on target” for 60%-65% of the vote.

He dismissed Chamisa’s claim that he was leading in the polls as “day-dreaming”.

Eldred Masunungure, a politics lecturer at the University of Zimbabwe, said there were fears that if ZANU-PF got a two-thirds majority it would try to pass laws to cement its hold on power, for example by removing the two-term limit on presidential terms.

Mnangagwa last week told state media that if he got a second term, it would be his last.

He took over from longtime strongman Robert Mugabe after a 2017 coup and won a disputed election in 2018.

As in previous elections, the parliamentary results appeared to show ZANU-PF retaining its rural base, while the CCC captured the urban vote.

(Reporting by Nelson Banya and Nyasha Chingono; Writing by Bhargav Acharya and Nellie Peyton; Editing by Alexander Winning, Devika Syamnath and Andrew Heavens)

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August 26, 2023 0 comments
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ALAN DERSHOWITZ: Trump’s Persecution Is An Affront To Biblical Justice

by The Daily Caller August 26, 2023
By The Daily Caller

ALAN DERSHOWITZ: Trump’s Persecution Is An Affront To Biblical Justice

Alan M. Dershowitz on August 26, 2023

“Justice, justice you shall pursue,” the Bible commands (Deuteronomy 16:20); and that, in doing justice, one must not “recognize faces.”

Commentators ask why the good book repeats the word justice, since every word is thought to have significance. The most relevant is that there are two kinds of justice: substantive and procedural.

The former relates to making the punishment fit the crime; the latter requires that correct procedures be employed to determine whether a crime has been committed.

The late US Supreme Court Justice Felix Frankfurter once observed that the history of liberty is largely a history of procedural fairness. Our constitution embodies that history by reading “the due process of law.”

Lately, however, many so-called progressives have been willing to ignore procedural safeguards and due process in their campaign to get former President Donald Trump — to misuse the law in an effort to prevent the leading Republican candidate from running against the incumbent candidate for president. In doing so, they are violating the second principle of justice: “Do not recognize faces.” That commandment is the basis for the blindfolded statute of justice.

Some progressives who would ignore procedural safeguards to get Trump acknowledge that this is because they regard him as especially dangerous and therefore undeserving of due process. Special injustice for an unjust man!

But in our system of law, which is based on precedent, there is no such thing as special injustice. Injustice, once practiced against an unjust person, will serve as precedent for deploying it against just persons. As H.L. Menken once observed:

“The trouble about fighting for human freedom is that you have to spend so much of your life defending sons of bitches; for oppressive laws are always aimed at them originally, and oppression must be stopped in the beginning if it is to be stopped at all.”

So, whatever one thinks of Trump, everyone who cares about liberty for all must oppose the weaponization of laws and procedures that are aimed at him, lest the weapons be turned on us.

Among the weapons being improperly aimed at Trump is the RICO indictment in Georgia, which includes several of his lawyers as co-defendants. This ploy has two unfair consequences, if not intentions: to discourage lawyers from defending him; to prevent him from calling his lawyers as defense witnesses; and to open up confidential conversations between Trump and his lawyers. The cases against the lawyers are generally weak, but that does not matter to prosecutors who are out to get Trump and are using his lawyers as means toward that end.

Another weapon is scheduling. They are trying to get convictions in friendly locations before the 2024 elections, and willing to risk reversal on appeal, which would occur only after the election. Accordingly, they are seeking very early trial dates. The prosecutor in Washington, DC has asked for January 2, 2024 — less than five months after the indictment. No case of this complexity and significance has even been tried so quickly. No decent defense lawyer would agree to try a case with so little time to prepare. Yet a group of prominent “get Trump” Republican lawyers has filed a brief supporting that unconstitutional rush to injustice.

These and other “get Trump” lawyers should read the Judeo-Christian commands to do procedural as well as substantive justice, and not to recognize faces. If they follow those wise commands, they will stop trying to “get Trump” or potentially any of us. Instead, they will pursue justice without regard to the face, name or party of the person being investigated and prosecuted.

Alan M. Dershowitz is the Felix Frankfurter Professor of Law, Emeritus at Harvard Law School, and the author most recently of The Price of Principle: Why Integrity Is Worth The Consequences. He is the Jack Roth Charitable Foundation Fellow at Gatestone Institute, and is also the host of “The Dershow” podcast. This piece is republished from the Alan Dershowitz Newsletter.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

August 26, 2023 0 comments
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Business News

BoE’s Broadbent: Rates may have to stay high ‘for some time yet’

by Reuters August 26, 2023
By Reuters

JACKSON HOLE, Wyoming (Reuters) -Interest rates in Britain might have to stay high “for some time yet,” Bank of England Deputy Governor Ben Broadbent said on Saturday, as the central bank seeks to curb the highest inflation rate among the world’s big rich economies.

Broadbent said in a speech that the knock-on effects of the surge in prices – such as pressure on employers to push up wages, which has led to record growth in pay – were unlikely to fade away as rapidly as they emerged.

“As such, monetary policy may well have to remain in restrictive territory for some time yet,” Broadbent said in a text of remarks he was due to make at the annual Jackson Hole Economic Policy Symposium in the United States.

The BoE said earlier this month that borrowing costs were likely to stay high for some time as it raised rates for the 14th time in a row.

Hit by the impact of Brexit, the COVID-19 pandemic and then Russia’s invasion of Ukraine, the BoE has struggled to tackle an inflation rate that peaked at 11.1% last October and which, at 6.8% in July, remains more than three times its 2% target.

Investors expect another increase in the BoE’s Bank Rate to 5.5% from its current level of 5.25% on Sept. 21, after the next scheduled meeting of the Monetary Policy Committee.

But this week financial markets scaled back their bets on Bank Rate hitting a peak of 6% after a survey showed signs of a slowdown in Britain’s economy.

Broadbent said the BoE’s stance on interest rates would respond to “the evidence on spare capacity, and to indicators of domestic inflation, as and when it comes through.”

It was reasonable to expect a decline in energy and core goods prices over next few months but “one can only be cautious” about how quickly the pressure on wages will ease off, he added.

It is not just the BoE that is worried about the risks posed by inflation.

The chair of the Federal Reserve, Jay Powell, told the Jackson Hole gathering of central bankers on Friday that the Fed may need to interest rates further.

Broadbent said the shocks that had buffeted Britain’s open economy, with its reliance on imports, provided a stark illustration of how a sudden contraction in the supply of imported goods could hurt incomes and turn up the pressure on domestic inflation, chiefly via wage increases.

He said it was reasonable to argue that trade had been over-concentrated – mainly Europe’s reliance on gas from Russia – and that governments had a role in addressing the problem.

(Writing by William Schomberg in LondonEditing by Paul Sandle and Christina Fincher)

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August 26, 2023 0 comments
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Brazil’s inflation slightly worse -central bank chief

by Reuters August 26, 2023
By Reuters

BRASILIA (Reuters) – Brazil’s central bank governor Roberto Campos Neto said on Saturday that the latest inflation data had worsened but underscored the bank’s non-reliance on singular index readings to shape its policy decisions.

“Recently, we even had a slightly worse inflation number, very loaded with volatile elements,” he said at an event hosted by think tank EsferaBR.

“But we don’t behave with real-time data. We look at it (inflation) as a trend.”

Inflation hit 4.24% in the 12 months through mid-August, accelerating for the third fortnight in a row and beating market forecasts.

Earlier this month, the central bank kicked off an easing cycle with a 50-basis-point rate cut to 13.25%, signaling more of the same for future meetings as board members have called the pace “appropriate.”

After Congress greenlit new fiscal rules proposed by President Luiz Inacio Lula da Silva to curb unbridled public debt growth, Campos Neto stressed the need for tax revenue to expand through sustainable means, thereby enhancing the outlook for public accounts and interest rates.

“Government is making a big effort, it doesn’t depend solely on it,” he said.

Regarding proposed measures aimed at taxing offshore and closed-end investment funds, which the government intends to submit to lawmakers, Campos Neto refrained from offering a direct opinion.

But, generally speaking, he said that measures should seek to safeguard the revenue base, ensuring the efficiency and continuity of the collection processes.

(Reporting by Marcela Ayres, Editing by Nick Zieminski)

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August 26, 2023 0 comments
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‘We’re all Maui’: Climate change tests emergency alert systems across US

by Reuters August 26, 2023
By Reuters

By Brad Brooks and Julia Harte

(Reuters) – A fire suddenly swallows a Hawaiian town, killing scores. Wildfire smoke from Canada unexpectedly drifts across the U.S. Northeast, choking millions. Record rains surprise Vermont, triggering landslides.

This summer has been one of weather extremes across the United States, a season of intense heat waves, torrential storms and runaway wildfires that have tested how well prepared public safety officials and the emergency warning systems they oversee are for the changing climate.

Nowhere has that played out more visibly than on the Hawaiian island of Maui, where a small brushfire transformed into a fast-moving blaze that burned the historic town of Lahaina to the ground on Aug. 8. So unexpected and intense were the fires that some residents jumped into the ocean to avoid them because there was nowhere else to go. At least 115 people died.

Emergency sirens on Maui, part of Hawaii’s decades-old early warning system, never sounded.

As climate change increases the ferocity and frequency of extreme weather events, quickly warning the public of their arrival is more important than ever. But authorities are finding existing emergency alert systems insufficient for these new threats – sometimes with deadly results.

“We’re all living in the same state that Maui was in a month ago,” said Jeffrey Schlegelmilch, director of the National Center for Disaster Preparedness at Columbia University’s Climate School. “We’re all living in an environment that is exposed to increased hazards that we don’t fully understand.”

Hawaii’s emergency siren system was developed in 1940 to warn of military invasions, but officials began using it to alert the public about tsunamis after one struck the Big Island in 1946, killing 159 people.

When wildfires ravaged Maui this month, authorities said they decided against activating the sirens for fear residents would assume a tsunami was coming and flee from the shore – into the fire’s path.

Official websites had touted the sirens as an “all-hazard” system, suitable for various events including wildfires. Yet Maui residents said they associated them with tsunamis, according to Chris Gregg, a geology professor at East Tennessee State University who previously surveyed Hawaii residents about the sirens.

Any decision on sounding the sirens had to be made quickly. Fueled by strong winds, one fire went from “100% contained” to an inferno that devoured Lahaina in hours, a sharply compressed period for authorities more accustomed to tracking incoming hurricanes, for instance.

“A lot of our systems were built for a different climate and a different set of hazards that moved a little slower,” said Hawaii Emergency Management Agency spokesperson Adam Weintraub.

He said the state is examining “other and more resilient ways that we can deal with these emerging threats.”

NEW CHALLENGES

Across much of the world, warning systems for natural disasters have not evolved in response to climate change, according to Schlegelmilch.

Fires, storms, and other extreme weather events “aren’t behaving the same way,” he said. They not only are bigger and faster moving, but are cropping up in new places.

That can be especially dangerous in areas with emergency alert systems narrowly tailored to the types of disaster that have historically occurred there.

While each locality faces a distinctive threat landscape and needs a unique warning system, disaster management experts see some solutions that can be applied everywhere.

Instead of using “one-size-fits-all” warning systems, officials should only use sirens when their meaning is clearly understood by the public, in conjunction with notifications via TV, radio, phone call, and text message, according to Schlegelmilch.

They can also lean more heavily on experts like those in the U.S. National Weather Service to help track and predict fast-developing natural disasters.

Since a new director took over last summer, the weather service has started deploying its personnel directly into the offices of emergency responders to hasten the sharing of their expertise during “severe weather events,” according to Bill Parker, the agency’s meteorologist in charge in Jackson, Mississippi.

Meteorologists can help officials decide how and when to warn the public of potential disasters, according to Parker, by using metrics such as wind speeds to calculate when a wildfire might reach a residential area.

Equally important is preparing the public to anticipate the types of weather events that climate change might bring and make evacuation plans before they occur, he said.

TRIAL BY FIRE

Working out of his office in Colorado’s foothills, some 3,200 miles (5,150 km) away from Maui, Boulder Office of Disaster Management Director Mike Chard knows how quickly things can go wrong when natural disasters strike.

Chard was at his post the morning of Dec. 30, 2021, when a wildfire driven by hurricane-force winds broke out in a densely populated area south of Boulder.

Boulder County had a network of sirens, but they were not used to warn of wildfires where the fire erupted. Evacuation orders were slowed because different officials had to approve them depending on the area.

Chard realized the system had to evolve “because of the type of hazards we now have – they’re ‘no-notice’ fast-developing disasters with a lot of complexity and escalation to them and they cross jurisdictional lines.”

Afterwards, he worked with other agencies to eliminate bureaucratic choke points. Now any first responder on scene can demand that alerts be sounded and evacuations ordered.

Officials also divided the eastern half of the county into numbered zones so first responders can quickly tell dispatchers which areas to be evacuated; the western part of Boulder County, where wildfires were historically more common, had already been mapped out that way.

Boulder County’s sirens can now be used for wildfires. They issue both tones and spoken commands. The county also acquired a warning system that can send alerts to cellphones, fixed phone lines, emails – and even fax machines.

Without such advance planning, “you’re not going to be positioned to do the things you need to do when the devil comes to your door,” Chard said.

Hawaiian officials have vowed to review the Maui fire response. Experts say the state’s quest for more resilient responses to climate change-fueled disasters is one every government should pursue.

“We are in a paradigm shift point with disasters everywhere, not just in the Pacific, not just in the United States,” said Laura Brewington, co-director of a Hawaii-based climate adaptation research program.

(Reporting by Julia Harte and Brad Brooks; Editing by Paul Thomasch and Jonathan Oatis)

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August 26, 2023 0 comments
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Gunmen kidnap 12 in Nigeria’s northern Zamfara and Borno states

by Reuters August 26, 2023
By Reuters

By Ahmed Kingimi

MAIDUGURI, Nigeria (Reuters) -At least 12 people have been kidnapped in two separate incidents in northern Nigeria, officials and witnesses said on Saturday.

In the first incident, unidentified assailants kidnapped four people late on Friday. Those taken included the village head of Nasarawa-Burkullu community in Nigeria’s northwestern Zamfara state, local official Muhammad Bukuyum said on Saturday.

Bukuyum said the other victims were three local farmers, and that the assailants had demanded a ransom, without giving further details.

In a separate incident, Boko Haram militants abducted eight farmers on Saturday in Maiwa village, about three kilometres from Maiduguri, the capital of Nigeria’s northeastern Borno state.

Mohammed Jida, who managed to flee from the attackers, told Reuters he sighted the insurgents surrounding the farmers as they worked on their farm.

“As I sighted them, I started running with others, scampering for safety. Luckily, I managed to escape but the rest of my colleagues were caught by Boko Haram.”

Greema Abubar and Bukar Kachallah, who are relatives of some of the victims, confirmed the attack, adding that the insurgents had demanded a ransom, without giving further details.

Borno police spokesman Sani Kamilu Shatambaya did not immediately respond to calls for comment.

Armed gangs, often referred to locally as bandits, have wreaked havoc across northwest Nigeria in recent years, kidnapping thousands of people, killing hundreds and making it unsafe to travel by road or to farm in some areas.

On Friday, Boko Haram freed 49 women kidnapped earlier in the week near Maiduguri after a state official paid a ransom for their release.

The Islamist group has been killing and abducting farmers in Borno state, a hotbed for militancy that has been the epicentre of a 14-year war on insurgency in Nigeria.

(Reporting by Ahmed Kingimi; Writing by Elisha Bala-Gbogbo;Editing by Alison Williams and Mike Harrison)

August 26, 2023 0 comments
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No real fix to the sharp rise in public debt loads, economists say

by Reuters August 26, 2023
By Reuters

By Ann Saphir

Jackson Hole, Wyoming (Reuters) – The steep jump in public debt loads over the past decade and a half, as governments borrowed large amounts of money to battle the Global Financial Crisis and the fallout from the COVID-19 pandemic, is probably irreversible.

That’s the unhappy conclusion of a research paper being presented on Saturday to some of the world’s most influential economic policymakers at the Kansas City Federal Reserve’s annual central banking symposium in Jackson Hole, Wyoming.

Since 2007, worldwide public debt has ballooned from 40% to 60% of GDP, on average, with debt-to-GDP ratios even higher in the advanced countries. That includes the United States, the world’s biggest economy, where government debt is now more than equal to the nation’s yearly economic output. U.S. debt was about 70% of GDP 15 years ago.

Despite mounting worries about the growth-crimping implications of high debt, “debt reduction, while desirable in principle, is unlikely in practice,” Serkan Arslanalp, an economist at the International Monetary Fund, and Barry Eichengreen, an economics professor at the University of California, Berkeley, wrote in a paper.

That’s a change from the past, when countries have successfully reduced debt-to-GDP ratios.

But many economies will not be able to outgrow their debt burdens because of population aging, and will in fact require fresh public financing for needs like healthcare and pensions, the authors argued.

A sharp rise in interest rates from historically low levels is adding to the cost of debt service, while political divisions are making budget surpluses difficult to achieve and more so to sustain.

Inflation, unless it surprises to the upside over an extended period, does little to reduce debt ratios, and debt restructuring for developing countries has become more elusive as the pool of creditors has broadened, Arslanalp and Eichengreen wrote.

“High public debts are here to stay,” they wrote. “Like it or not, then, governments are going to have to live with high inherited debts.”

Doing so will require limits on spending, consideration of tax hikes, and improved regulation of banks to avoid costly blow-ups, they wrote.

“This modest medicine does not make for a happy diagnosis,” they wrote. “But it makes for a realistic one.”

(This story has been corrected to clarify that the size of U.S. debt is more than equal to U.S. GDP, not more than double,in paragraph 3)

(Reporting by Ann Saphir; Editing by Paul Simao)

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Chocolate makers’ prospects sour as cocoa prices spike

by Reuters August 26, 2023
By Reuters

By Maytaal Angel, Jessica DiNapoli and Richa Naidu

LONDON/NEW YORK (Reuters) – (This Aug. 18 story has been corrected to clarify that Europe has seen chocolate price increases of 13%, not 20%, over past two years, while the United States, not North America, has seen price increases of 20% in paragraph 3; sourced data to Nielsen IQ, not Nielsen, in paragraphs 3 and 12)

Chocolate makers like Hershey and Mondelez face tougher trading conditions over the next year as they attempt to pass on soaring cocoa costs to cash-strapped consumers who are cutting back.

The industry has enjoyed bumper profits over the past couple of years as demand for chocolate held up despite price hikes, but data seen by Reuters shows this trend may be breaking just as prices for cocoa hit 46-year-highs and sugar prices are near their highest in more than a decade.

Consumers in Europe and the United States have already seen price increases of 13% and 20%, respectively, over the past two years and are starting to cut back on the amount of chocolate they buy, data pulled for Reuters by market researchers Nielsen IQ shows.

Consumers are “shopping around more, hoping to find deals,” Mondelez CEO Dirk Van de Put said last month.

Cadbury-maker Mondelez expects inflation in cocoa and sugar to continue. In response, the company said it is ensuring it is significantly hedged and continuing to drive productivity.

“The increase in sugar and cocoa specifically is material,” Mondelez CFO Luca Zaramella said in July. “We are talking about most likely a 30-plus percent (increase) if you look at the last 12 months, or even more, particularly in cocoa.”

But after more than two years of higher prices, retailers are pushing back, analysts said, resulting in a battle that puts chocolatiers’ margins and profitability at risk.

One such battle resulted in Mondelez previously pulling Cadbury and Milka bars from Belgian supermarket chain Colruyt’s shelves after failing to agree on prices.

“I don’t know if it’s going to be as clear cut as being able to take pricing wherever they want,” Barclays analyst Patrick Folan said.

STARTING TO TRADE DOWN

Chocolate makers are banking on the traditional resilience of their product to price increases. Mondelez raised its annual revenue growth forecasts last month while Hershey hiked its profit forecast.

“Now that pricing is 100% secured, we expect volume and revenue growth, as well as margin improvement for Europe,” Zaramella said, after Mondelez resolved its spat with Colruyt.

However, Mondelez’ chocolate sales volume growth has weakened substantially this year – from 14.8% in the 4 weeks to Feb. 25 to 3.2% in the 4 weeks to July 15 year-on-year – even as it kept its price rises in the low double digits, according to a Bernstein analysis of Nielsen IQ data seen by Reuters.

The data showed Hershey’s sales volumes increasingly declined during the period as the company hiked prices.

“We are seeing consumers starting to react more than before, I’d be very cautious with price increases,” said Dan Sadler, a candy expert at U.S.-based market researcher IRI. “We’re seeing consumers starting to trade down.”

Barry Callebaut, the world’s biggest chocolate maker supplying most major brands including Nestle, doesn’t expect any growth in sales volumes this year. It reported last month that volumes fell 2.7% in the nine months ended May 31.

Meanwhile, lower priced ‘private label’ chocolate continues to pick up market share.

In the U.S., private label sales volumes grew nearly 9% in the year to mid-June despite near double-digit price rises, IRI data shows.

Hershey’s already-announced price hikes for the rest of 2023 are in the “high single digits,” while those for next year are “low single digits,” CEO Michele Buck said in July.

Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend. It is planning to lean on automation to keep its costs of production down, it said.

Rabobank says those cost pressures could continue into next year due to the El Nino weather event in West Africa and the lack of alternate producers who can ramp up output quickly.

Top cocoa producers Ivory Coast and Ghana have faced drought, excess rains and disease for the past two years. They produce two thirds of the world’s cocoa and officials are struggling to help farmers cope with climate conditions. A 2019 ‘living income’ scheme has been largely ineffective.

(Additional reporting by Kailyn Rhone in New York; Editing by Matt Scuffham and Elaine Hardcastle)

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Fed’s Mester sees another rate hike, says rate cuts may have to wait

by Reuters August 26, 2023
By Reuters

By Ann Saphir and Howard Schneider

JACKSON HOLE, WYOMING (Reuters) – Beating inflation will probably require one more U.S. interest-rate hike and then going on hold for “a while,” Cleveland Federal Reserve Bank Loretta Mester said on Saturday, adding that she may reassess her earlier view that rate cuts could start in late 2024.

While she does not want policy so tight that the economy collapses, she told Reuters in an interview on the sidelines of a Fed conference in Jackson Hole, Wyoming, she wants to set it so that inflation reaches the Fed’s 2% goal by the end of 2025.

“We just don’t want it to keep drifting farther out,” she said. Not only do fast-rising prices impose a high cost on Americans, she said; allowing inflation to fester also leaves the economy more vulnerable to future shock.

“The longer we let inflation remain above 2%, we’re building in a higher and higher price level,” she said, and that hurts American households. “And I think that’s why timely matters to me.”

Most Fed policymakers, including Mester, thought in June that they will probably be able to stop hiking once they get the policy rate to the 5.5%-5.75% range, which is one quarter-point higher than it is today.

They also thought that by next year the Fed will likely begin cutting rates so that as inflation falls, they do not end up restricting the economy more than is needed.

Mester said on Saturday that in June she also had penciled in rate cuts in the second half of 2024, but that when she and other Fed policymakers submit fresh forecasts ahead of their September rate-setting meeting, that might change.

“I’m going to have to reassess that because, again, it’s going to be, how quickly do you think inflation is moving down?” she said.

Economic growth has been more robust than many have expected, and the labor market is still tight, and Mester does believe that the Fed’s rate hikes so far will moderate the strength of both.

Still, she is wary of assuming that inflation, having dropped to 3% from its peak last year of 7%, will get back down to 2% in a timely enough manner.

“I do not want to be in a position of prematurely loosening policy,” Mester said.

Fed projections submitted in June show a median forecast for 2.1% inflation by the end of 2025; Mester said hers was for 2% inflation. Forecasts submitted in September will show what they expect through 2026.

As she runs the numbers for her own September forecasts, she said, getting to 2% inflation by the end of 2025 is not a “hard stop” and she could conceivably push it out if looks like doing so would hurt the economy too much.

But that is not what she expects at this point.

“Given where we are and given where inflation is, I think we have a good shot about bringing inflation down to 2% without doing damage to the real side of the economy,” Mester said.

“I’m going to calibrate my policy to make sure that we’re back in that time frame (of 2% inflation by 2025).”

The Fed’s next and possibly last rate hike “doesn’t necessarily have to be September, but I think this year,” she said.

(Reporting by Ann Saphir; Editing by Marguerita Choy)

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ECB rate pause now may be too early: policymaker

by Reuters August 26, 2023
By Reuters

By Balazs Koranyi

JACKSON HOLE, Wyoming (Reuters) – It may be too early for the European Central Bank to pause interest rate hikes now as an early stop in the fight against inflation could force the bank to exert even more pain on the economy later, Latvian policymaker Martins Kazaks said on Saturday.

The ECB has raised rates at each of its past nine meetings to arrest runaway inflation but policymakers are now contemplating a pause as recession risks loom, inflation slows and wage growth remains moderate.

“Given the information that we have now – and there is of course more data to come – I would say that another modest increase would be playing it safer, rather than delaying it and then risking having to do much more later in the year or early next year,” Kazaks told Reuters on the sidelines of the annual gathering of central bankers and economists in Jackson Hole, Wyoming.

Markets see a roughly 50% chance of another hike in September but a move by the end of the year is seen as very likely.

“We can cut rates if we raise them too much and we can cut quite soon,” he said, “But if we’ve done too little, then we may have to raise them even more, so it’s cheaper to do it sooner than later.”

Still, the Latvian central bank governor added that he will go into the Sept. 14 policy meeting with an open mind and needs to see new staff projections before committing.

Even if the ECB opts for a hold, it needs to make clear that its job is not yet done and more policy tightening could be on the cards, Kazaks added.

ECB projections currently see inflation returning to its 2% target only in late 2025 and Kazaks argued this was too late.

A key reason why some are contemplating a pause is that economic growth indicators are now pointing to a contraction in the third quarter, despite what could be a record-breaking tourism season.

Industry is already in recession and services are also softening, with both survey and hard indicators coming below expectations.

While growth will be flat over the rest of the year, Kazaks said a deep recession was not on the cards as the bloc is still displaying resilience and some softening of the labour market was actually desirable to tame inflation.

Once rates peak, a plateau should be held for some time and the ECB should only start cutting rates when projections start showing inflation was at risk of coming back below 2%.

“I would be happy to start cutting the rates when the inflation projection – so the outlook and not actual data – starts to undershoot our 2% target in a consistent manner,” he said.

Markets see a rate cut only in the second half of 2024 and Kazaks said he did not consider this inconsistent with the macroeconomic outlook.

(Reporting by Balazs Koranyi; Editing by Marguerita Choy)

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EXCLUSIVE: Blue State School District Shelled Out Thousands To Create ‘Equity Dashboard’ To Track Students By Race

by The Daily Caller August 26, 2023
By The Daily Caller

EXCLUSIVE: Blue State School District Shelled Out Thousands To Create ‘Equity Dashboard’ To Track Students By Race

Reagan Reese and Megan Brock on August 26, 2023

A Pennsylvania school district that has pushed diversity, equity and inclusion (DEI) initiatives spent thousands of dollars to create an “equity dashboard” that broke down different categories of students by race, according to documents obtained through a public records request by the Daily Caller News Foundation.

In June 2020, Pennsbury School District in Pennsylvania approved a $95,000 contract with Qualtrics, a data analytics company, to acquire software that the school district used to create an “equity dashboard,” tracking students’ achievements and outcomes by race, according to documents obtained by the DCNF. For several years, the district has been prioritizing DEI initiatives in an effort to create an education system based on equity.

For instance, in July 2020, the district appointed its first director of “Equity, Diversity and Education” and tasked the school system’s Equity Office with conducting “a comprehensive equity audit” to address gaps in its education system, the report states. Parents criticized the school district’s DEI strategy in 2021, arguing that the plan was implementing Critical Race Theory into the classroom, according to the Bucks County Courier Times.

Ahead of appointing its first director of “Equity, Diversity and Education,” Pennsbury School District purchased the Qualtrics software which provided the school system with the “equity dashboard,” documents show.

The “equity dashboard” notes that a “discipline gap” is when there are “patterns of differences in behavioral outcomes and types of disciplinary responses across demographic groups,” an archived version of the dashboard shows. Of K-12 students suspended each year from 2016 to 2020, about 60% were white and less than 20%, with the exception of two years, were black students, the dashboard shows.

Under another tab, the “equity dashboard” states that an “opportunity gap” is when there are “patterns of differences in access to educational programs, resources and support across demographic groups.” Of K-12 students in advanced classes from 2015 to 2021, nearly 80% were white while less than 10% were black or Hispanic.

“The District contracted with Qualtrics on June 23, 2020, as a survey tool to get parent feedback during the pandemic to assist with decision-making for reopening schools,” Jennifer Neill, supervisor of public relations for Pennsbury School District, told the DCNF. “After the purchase as a survey tool, the district began to explore the use of Qualtrics as a data management tool to house data, starting with developing an equity dashboard to track our equity outcomes. The district found the product very difficult to work with, and using it for data housing, as well as the equity dashboard, was never fully utilized.

“The district ended our contract with Qualtrics in favor of the Survey Money survey platform (at significant cost savings) effective July 1, 2023,” Neill told the DCNF. “As a result, Qualtrics has removed our access to anything they hosted.”

While it’s not clear how the district used the dashboard, Pennsbury pushed several DEI initiatives following the purchase of the software.

In April 2021, the district released an “educational equity audit report” that detailed its vision to make equity the “foundation of all decision-making.”

The district’s report notes that as a part of its equity plan, the school system aims to maintain a diverse staff to teach a “culturally relevant” curriculum in an effort to “reduce achievement, discipline and opportunity gaps.”

The district’s Equity Leadership team works to make sure that school events and activities are representative of “marginalized groups,” the report shows. Under the district’s equity plan, the system aims to train all employees in “cultural proficiency, cultural responsiveness, implicit bias, explicit bias, anti-racism, diversity and inclusive practices.”

At Pennsbury School District’s latest school board meeting on Aug. 17, some parents complained during the public comment period that the school district’s diversity, equity and inclusion (DEI) initiatives have not produced results, according to a recording of the meeting.

“It has been demonstrated, and I think it will be demonstrated tonight, over and over again that the data that has been presented surrounding the ‘equity program’ has often been invalid, inaccurate, misinterpreted and has failed to show any significant success,” one parent said at the school board meeting. “It is time to purge the district of this equity ideology and let the teachers get back to the job of teaching.”

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

August 26, 2023 0 comments
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Man Beaten by Group of Attackers in Perth Amboy

by Charlie Dwyer August 26, 2023
By Charlie Dwyer

PERTH AMBOY, NJ – The Perth Amboy Police Department, in collaboration with the Middlesex County Prosecutor’s Office, is seeking public assistance concerning an aggravated assault incident.

The event occurred on Monday, August 13, at around 8:56 pm at the intersection of Sadowski Parkway and Brighton Avenue.

The male victim sustained severe injuries after reportedly being assaulted by a group of individuals wearing dark clothing and masks.

The victim has since been transported to a local hospital for treatment and is currently recovering at home.

The police are urging anyone who may have witnessed the event or has any related information to come forward. The investigation remains ongoing and no suspects have been apprehended at this time.

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Three Individuals Sought in Grand Larceny at Ulta Beauty

by Leo Canega August 26, 2023
By Leo Canega

NEW YORK CITY, NY – On Saturday, August 12, the New York City Police Department reported a grand larceny at an Ulta Beauty store located at 2656 Hylan Boulevard.

At around 5:00 p.m., three unidentified individuals stole roughly $2,049 worth of designer perfumes and cosmetics.

The suspects were seen leaving the store without paying for the items. They fled the location on foot, and no injuries were reported as a result of this incident.

The police have asked the public for assistance in identifying these individuals.

Information regarding this incident can be reported to the NYPD’s Crime Stoppers Hotline at 1-800-577-TIPS (8477) or 1-888-57-PISTA (74782) for Spanish speakers. Tips can also be submitted online through the Crime Stoppers website or on Twitter @NYPDTips.

August 26, 2023 0 comments
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Hudson County Man Sentenced for Fentanyl Distribution

by Leo Canega August 26, 2023
By Leo Canega

NEWARK, NJ – Miguel Polanco, a 31-year-old resident of Union City, was sentenced to 23 months in prison for conspiring to possess and distribute fentanyl. U.S. District Judge Madeline Cox Arleo imposed the sentence on Friday in Newark federal court.

According to court documents, Polanco was implicated when U.S. Customs and Border Protection agents intercepted a package from Mexico City, bound for his apartment. The package contained fentanyl, and Polanco had been in discussions with other individuals about its distribution.

Polanco had previously pleaded guilty to a charge of conspiracy to distribute and possess with intent to distribute 40 grams or more of a substance containing fentanyl. Judge Arleo also sentenced him to four years of supervised release.

This sentencing was the result of a collaborative investigation involving various agencies, including Homeland Security Investigations and the Elizabeth Police Department.

U.S. Attorney Thomas S. Kearney of the Special Prosecutions Division in Newark represented the government.

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Man Critical After Being Shot on East 178th Street

by Adam Devine August 26, 2023
By Adam Devine

NEW YORK CITY, NY – On Saturday, August 5, the New York City Police Department responded to an assault at approximately 5:25 a.m.

A 35-year-old male victim was shot at the corner of East 178 Street and Crotona Parkway. The gunshot wound to his back left him in critical condition. He was transported to Saint Barnabas Hospital and is now stable.

The NYPD described the assailant as a male with a dark complexion, around 50 years of age, weighing approximately 210 lbs, and about 6’2″ tall. The suspect was last seen in a dark-colored hooded sweatshirt, dark-colored sweatpants, and a white T-shirt.

The police have asked for the public’s help in identifying the suspect involved in the assault.

Anyone with relevant information is asked to contact the NYPD’s Crime Stoppers Hotline at 1-800-577-TIPS (8477).

Man Critical After Being Shot on East 178th Street
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Trump, Biden policies shifted trade from China at a cost, study shows

by Reuters August 26, 2023
By Reuters

By Howard Schneider

JACKSON HOLE, Wyoming (Reuters) – U.S. trade has shifted away from China due to policies enacted by the Biden and Trump administrations, but U.S. reliance on China-linked supply chains has not necessarily been reduced and consumers have faced higher costs, according to new research presented on Saturday at a Federal Reserve economic symposium.

Despite deglobalization fears after the coronavirus pandemic and Russia’s invasion of Ukraine, overall trade “has held steady at just under 60% of world (gross domestic product)rather than gone into freefall,” Laura Alfaro, an economist at Harvard Business School, and Davin Chor, an associate professor at the Tuck School of Business at Dartmouth, concluded in their paper, which was presented at the annual gathering of central bankers and economists in Jackson Hole, Wyoming.

But U.S. tariffs on Chinese goods, recently enacted industrial policies, and the pandemic, do seem to have touched off a “‘great reallocation’ in supply chain activity: Direct US sourcing from China has decreased,” from 21.6% of U.S. imports as of 2016 to 16.5% last year, Alfaro and Chor wrote.

What’s less certain is what that means, with the authors saying the shift from China is raising prices for consumers without clearly providing offsetting benefits in the form of, for example, improved manufacturing efficiency in the U.S.

It is not even certain that the decline in China’s U.S. import share represents a true delinking, they said.

Vietnam and Mexico, for example, appear to have captured much of the reallocated trade, the authors said, based on an analysis of goods import and export patterns, while an increase in U.S. purchases of less processed goods from abroad was “indicative of some reshoring of production stages.”

And among companies, they said, “concerns are being voiced over the wisdom of sprawling supply chains that can expose firms and countries to the risk of disruptions,” from events like the pandemic or severe weather, or policy shocks like tariffs.

Yet in the background, the researchers noted that China had “stepped up” its trade and investment activity with Vietnam and Mexico, as well as other countries.

“The U.S. could well remain indirectly connected to China through its trade and global value chain links with these third-party countries,” they argued.

Prices for goods from some countries, moreover, were beginning to rise.

“The recent policy restrictions to shift sourcing patterns or even to encourage substitution toward domestic inputs are poised to add to wage and cost pressures in the U.S.,” the research found, a pointed conclusion as the Fed tries to lower inflation by slowing the U.S. economy.

(Reporting by Howard Schneider; Editing by Paul Simao)

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Christian Mother Fights For Right To Adopt After Refusing To Affirm Gender Transitions For Minors

by The Daily Caller August 26, 2023
By The Daily Caller

Christian Mother Fights For Right To Adopt After Refusing To Affirm Gender Transitions For Minors

Kate Anderson on August 26, 2023

  • Jessica Bates, a single mother of five, told the Daily Caller News Foundation in an interview Thursday that she was “shocked” that the state of Oregon denied her adoption application over “gender ideology.”
  • During the adoption application process, Bates was informed that the state expected her to support a child if they decided to transition to another gender, something her faith prohibited, and allegedly refused to let her adopt when she said no.
  • “I think everybody was just like really shocked at first that, you know, the gender ideology would be the reason why we wouldn’t be able to adopt,” Bates told the DCNF.

Christian single mother Jessica Bates was “shocked” when Oregon denied her adoption application because she did not support medically transitioning children, she told the Daily Caller News Foundation in an interview.

Bates, a mother of five, was looking to adopt a “sibling pair” in 2022 six years after her husband died in a car accident, saying to the DCNF that she felt it was a “calling from God,” but after going through the application process, state officials with the Department of Human Services explained that she would need to agree to support any adopted child’s desire to have a gender transition. As a Christian, Bates told the DCNF that she knew this requirement was “denying reality” as well as her faith, and filed a lawsuit with Alliance Defending Freedom (ADF) against the state in April after they reportedly prevented her from moving forward in the process.

“I think everybody was just really shocked at first that, you know, gender ideology would be the reason why we wouldn’t be able to adopt,” Bates told the DCNF.

During the adoption process, Bates said there were “hypothetical situations” discussed about a child wanting to identify as a different gender or go through hormone therapy and surgeries, and as a result, she informed the state that she would always love the child but couldn’t support those choices. Bates said that she got a call from the certifier from the department in September 2022, who told her that they had determined that she didn’t meet the requirements for adoption.

Bates explained to the DCNF that she believes “God gives us our gender” and that anything to the contrary is “basically just an untruth.” She argued that truly loving a child suffering from gender dysphoria is not about “trying to affirm them in something they think will make them happy” and that procedures like puberty blockers and surgeries are “so radical.”

“These kids are so young and the gender surgeries and stuff are so radical and [then they] have to be on hormones for the rest of their lives,” Bates said. “Girls lose their voice. It’ll go deep and you don’t get that back, not to mention reproductive abilities, and everything else. I think it does more harm in the long run.”

The U.S. District Court of Oregon heard the first arguments for the case on Aug. 16 and ADF attorney Johannes Widmalm-Delphonse, who is representing Bates, told the DCNF that he felt “hopeful.” He said the judge had asked about other cases, such as 303 Creative, where the Supreme Court determined that a Christian web designer did not have to make wedding websites for same-sex marriages, and Widmalm-Delphonse said he hoped that they would achieve a similar outcome.

In a court filing, the department argued that Bates did not meet the necessary requirements for adoption, KGW8, a local media outlet, reported.

“Resource parents and adoptive parents must demonstrate that they are capable of and willing to, place the interests of the child above their own,” DHS wrote. “Plaintiff (Jessica Bates) admits that she is not able to do that with respect to LGBTQIA2S+ children.”

Bates told the DCNF that if the court rules in her favor she is still planning to adopt but noted that this delay may make it harder for her biological children, who are growing older and may not be able to bond as well with their adopted siblings. Her daughter is really hoping for another sister after growing up with four boys, according to Bates.

“My oldest son is a senior in high school right now, so these older children that want to be here and build relationships, support and be a family to these [new] siblings, may not even be in the house,”  Bates noted. “[B]y the court waiting on this decision or not allowing us to continue, it would directly affect our ability to support and give the best possible environment to these children.”

ODHS did not respond to the Daily Caller News Foundation’s request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

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British Museum seeks recovery of some 2,000 stolen items

by Reuters August 26, 2023
By Reuters

LONDON (Reuters) – Around 2,000 artefacts including gold jewellery and gems had been stolen from the British Museum over a long period of time, but recovery efforts were already under way, the museum’s chair George Osborne said on Saturday.

The museum, one of London’s most popular attractions whose treasures include the Rosetta Stone, an ancient Egyptian relic inscribed with hieroglyphs and other texts, said last week a member of staff had been dismissed after items dating from the 15th century BC to the 19th century AD had been taken from a storeroom.

Museum director Hartwig Fischer said on Friday he would step down after admitting to failings in its investigation into the theft of items from its collection.

Osborne, a former British finance minister, told BBC radio that not all of the museum’s collection was properly catalogued or registered, a situation not unique among large institutions whose collections had been amassed over hundreds of years.

A “forensic” inquiry was being conducted to find out what had been stolen, Osborne said. “We think it’s around 2,000 items,” he said. “But I have to say that’s a very provisional figure and we’re still actively looking.”

“We’ve already started to recover some of the stolen items,” he added, without giving any details of what had been recovered or how.

Osborne said he did not believe there had been any deliberate cover-up after the museum previously rejected a warning in 2021 that the thefts were happening.

But there could have been some “potential group think” at the top of the institution that could not believe an insider was stealing, he said.

He said the thefts had “certainly been damaging” to the reputation of the museum, which casts itself as a trusted custodian of priceless artefacts from cultures around the world.

“That’s why I’m apologising on behalf of the museum,” he said.

Police said on Thursday said they had interviewed but not charged an unnamed man over the stolen artefacts.

(Reporting by Paul Sandle; Editing by David Holmes)

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South Korean protesters call for government action on Fukushima water

by Reuters August 26, 2023
By Reuters

By Do Gyun Kim and Jimin Jung

SEOUL (Reuters) -Protesters gathered in the capital of South Korea on Saturday to demand that the government take steps to avoid what they fear is a looming disaster from Japan’s release of treated radioactive water from the Fukushima nuclear power plant.

Japan began dumping the water from the plant north of Tokyo into the sea on Thursday despite objections both at home and abroad from fishing communities and others worried about the environmental impact.

“We will not be immediately seeing disasters like detecting radioactive materials in seafood but it seems inevitable that this discharge would pose a risk to the local fishing industry and the government needs to come up with solutions,” said Choi Kyoungsook of the Korea Radiation Watch group that organised the rally.

About 50,000 people joined the protest, according to the organisers.

Japan and scientific organisations say the water, distilled after being contaminated by contact with fuel rods when the reactor was destroyed in a 2011 earthquake and tsunami, is safe.

The utility responsible for the plant, Tokyo Electric Power has been filtering the water to remove isotopes, leaving only tritium, a radioactive isotope of hydrogen that is hard to separate.

Japan’s fisheries agency said on Saturday that fish tested in waters around the plant did not contain detectable levels of tritium, Kyodo news service reported.

South Korea has said it sees no scientific problems with the water release but environmental activists argue that all possible impacts have not been studied.

“Nobody can tell what’s going to happen to the marine ecosystem in the next 100 years,” said Choi.

Japan says it needs to start releasing the water as storage tanks holding about 1.3 million metric tons of it – enough to fill 500 Olympic-sized swimming pools – are full.

The first discharge of 7,800 cubic metres – equivalent to about three Olympic pools – will take place over about 17 days.

(Reporting by Do Gyun Kim and Jimin Jung; writing by Heekyong Yang; Editing by Kirsten Donovan)

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August 26, 2023 0 comments
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Business News

Fan blades, engine parts go missing from Go First jets, lessor says

by Reuters August 26, 2023
By Reuters

By Aditi Shah and Aditya Kalra

NEW DELHI (Reuters) – From fan blades to escape slides, critical parts are missing from at least two planes of India’s bankrupt Go First airline, its Ireland-based lessor ACG Aircraft Leasing has told a court as it seeks to recover aircraft.

Go First and many of its foreign lessors have been locked in a legal dispute for months after the airline was granted bankruptcy protection in India in May. Bankruptcy froze its assets and has prohibited the recovery of more than 50 grounded Airbus planes.

The lessors have so far unsuccessfully argued in Indian courts to get their planes back, citing concerns that parts could go missing and hurt their assets. Lessors are allowed only occasional inspection of Go First planes.

ACG is seeking to take back planes by highlighting that inspections showed parts were missing, but the court has yet to decide on the matter, a person familiar with the case said on Saturday.

In a non-public filing dated July 28 and reviewed by Reuters, ACG submitted pictures and details to the Delhi High Court, listing missing parts from two Airbus A320 planes it inspected.

These included the captain’s “side stick” used to fly the aircraft, a tiller that helps steer it while on the ground, engine fan blades that were “completely missing”, a partly missing toilet seat and an escape slide that had been removed.

The filing does not say who took out the parts or how they went missing.

Go First, whose lessors also include Standard Chartered’s Pembroke Aircraft Leasing, SMBC Aviation and BOC Aviation, did not respond to a request for comment. It has previously said it aims to resume operations and raise investor funds, but the operations remain grounded.

The world’s second-largest aircraft lessor, SMBC, warned in May that India’s decision to block leasing firms from reclaiming Go planes would jolt the market and spark a confidence crisis.

Go blames its financial woes on problems with engines from Raytheon-owned Pratt & Whitney. The U.S. engine maker has said the claims are “without merit”.

(Reporting by Aditi Shah and Aditya Kalra; Editing by William Mallard)

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August 26, 2023 0 comments
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Business News

Russian finance minister expects 2023 GDP to grow by 2.5% or more – agencies

by Reuters August 26, 2023
By Reuters

MOSCOW (Reuters) – Russia’s economy is set to grow by 2.5% or more in 2023, while inflation is expected to be around 6%, Finance Minister Anton Siluanov was quoted on Saturday as saying.

The economy ministry in April revised higher its 2023 GDP forecast to growth of 1.2% from a contraction of 0.8%, although it is expected to revise this again soon. The central bank forecasts GDP growth of 1.5%-2.5% this year.

“If, last year, the economy shrank by 2.1%, then this year we expect it to recover by about 2.5%, maybe even more,” state news agencies quoted Siluanov as saying in an interview with the CGTV channel.

He forecast inflation would return to the target of 4% in 2024. The central bank has forecast it will fall to 5.0%-6.5% this year.

“We together with the Central Bank will be taking all measures to bring inflation down to our targeted level,” Siluanov said.

(Reporting by Ksenia Orlova; Editing by Mark Trevelyan)

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August 26, 2023 0 comments
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Breaking NewsOhio NewsPolice Blotter

Police Seek Fugitive Murder Suspects in Columbus Shooting

by Ryan Dickinson August 26, 2023
By Ryan Dickinson

COLUMBUS, OH – The Columbus Police Homicide Unit is seeking to identify two suspects connected to a fatal shooting inside a north Columbus auto parts store.

The incident occurred on Wednesday, during an armed robbery. The victim, identified as 43-year-old Alejandro Fajardo-Torres, was attempting to intervene when he was fatally shot.

The suspects have been linked to multiple other armed robberies at auto parts stores in Columbus in recent days.

The Columbus Police Homicide Unit is working to identify these individuals and are seeking the public’s help in doing so.

Anyone with information that could assist in identifying either of the suspects is asked to contact Detective Brandt at 614-774-7647 or the Columbus Police Homicide Unit at 614-645-4730.

Police Seek Fugitive Murder Suspects in Columbus Shooting
August 26, 2023 0 comments
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