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Top HeadlinesUS and World News

California Is Single-Handedly Making The Supply Chain Crisis Even Worse

by The Daily Caller April 10, 2022
By The Daily Caller

California Is Single-Handedly Making The Supply Chain Crisis Even Worse

California Is Single-Handedly Making The Supply Chain Crisis Even Worse

Harry Wilmerding on April 10, 2022

  • California introduced new regulations for the trucking industry that would worsen supply chain issues and hurt industry workers, experts told the Daily Caller News Foundation. 
  • “We in the industry know that if you think there was a supply chain problem over the last year, wait until you take this many trucks out of the marketplace that are not replaceable,” Joe Rajkovacz, director of Governmental Affairs and Communications at the Western States Trucking Association, told the DCNF.
  • “I’m stressing, do I downsize my company to two drivers at the end of the year because I only have two trucks, or do I have four drivers and switch them out?” Bill Aboudi, the owner of AB Trucking in Oakland, told the DCNF.
  • “For months, Californians and families across the country have been dealing with supply chain issues that mean empty shelves and skyrocketing prices,” Republican California Rep. Michelle Steel, told the DCNF. “This is the result of bad policies from Washington and Sacramento that are restricting the trucking industry and contributing to the congestion felt at our ports.”

California issued sweeping environmental regulations to reduce fossil fuel emissions throughout the state that will worsen the national supply chain crisis and cripple the trucking industry, industry leaders told the Daily Caller News Foundation.

The California Air Resources Board (CARB) issued a set of revised regulations called the Air Resources Board Truck and Bus Regulation, which required trucking companies in the state to upgrade their trucks with 2010 or newer engines by Jan. 1, 2023. The provision will add additional pressure to the supply chain crisis and cause many small trucking businesses to close or significantly reduce their workforce, industry leaders told the DCNF. 

“We in the industry know that if you think there was a supply chain problem over the last year, wait until you take this many trucks out of the marketplace that are not replaceable,” Joe Rajkovacz, director of governmental affairs and communications at the Western States Trucking Association, told the DCNF. “You can be talking about something we as a country have never seen before.”

The rule will take roughly 80,000 commercial trucks, or roughly 17% of the trucking fleet, off the road, adding significant pressure to the supply chain crisis, Rajkovacz said.

The provision would hit smaller trucking operations the hardest, Rajkovacz added. Like the auto industry, the trucking industry has experienced extensive supply shortages, making it expensive and difficult to buy used trucks and find additional parts.

“The way the industry works is that large operators turn over their fleets in a three-year or four-year cycle,” Rajkovacz said. “The used trucks end up in the marketplace and are absorbed by the small business community, but that is all upset right now.”

CARB’s Regulation

CARB started the rule to help meet the state’s emission standard and reduce greenhouse gases and diesel exhaust which have been associated with health and environmental problems.

“This regulation requires heavy-duty diesel vehicles that operate in California to reduce toxic air contaminants (TACs) emissions from their exhaust,” CARB said. The engine requirement would reduce various dangerous toxins from the vehicle’s emissions, which contribute roughly 70% of the cancer risk from airborne toxins.

“As heavy-duty on-road vehicles are such a significant source of pollutants, the Truck and Bus Regulation is one of the most far-reaching and important tools to reduce smog-forming and toxic emissions and protect public health in disadvantaged communities,” CARB said.

CARB denied to the DCNF that these regulations would hurt the supply chain, saying the current problems stem from “production in other countries, shipping and container issues and distribution and storage logistics.” It also pointed to port congestion around the world and reduced warehouse availability at the Port of Long Beach.

“There is simply no evidence to support any claim that the current supply chain issues have any connection to the state’s effort to clean up California’s trucks emissions,” a CARB spokesperson told the DCNF. “Over 85% of all heavy-duty trucks registered in California are already compliant with the state’s Truck and Bus Regulation and will continue to be after the final deadline of January 1, 2023.”

Impact On Small Businesses

Bill Aboudi, the owner of AB Trucking in Oakland, has 13 trucks in his fleet and has felt the direct impact of the rule. Of Aboudi’s 13 trucks, only 2 of them are compliant with CARB’s engine requirement, he told the DCNF.

“Of course, this rule will impact supply chains,” Aboudi said.

“This provision would destroy most of the trucking companies that I deal with,” he added. “I am 80% non-compliant and I don’t know how I will comply.”

Bigger companies are about 60% compliant and also are having trouble meeting CARB’s requirements, according to Aboudi.

Aboudi, whose company focuses on short distance transportation, said if he can’t move his customer’s cargo and larger trucking companies are down to almost 50% compliance, then “we lose those drivers and we lose those trucks – it will be a horrible situation.”

CARB told the DCNF that California has the largest state budget for clean cars and trucks, totaling almost $4 billion over the next three years. A portion of that budget is set aside for 1000 zero emission trucks, including electric and hydrogen powered vehicles, designed to operate short distances around the ports.

Aboudi characterized the zero emission trucks as astronomically expensive, leaving little justification in spending that much money to travel such a small distance.

“Electric trucks are not there yet,” Aboudi said. “The range is limited and it is much more expensive, costing between $400,000 to $500,000.”

“We love these electric and hydrogen trucks but I can’t justify spending that much money,” he added. “We need the price of electric trucks to drop and we need to be flooding the market.”

CARB’s regulation has dramatically increased the price of second hand trucks which hits the smaller companies the most, Aboudi told the DCNF.

Before the COVID-19 pandemic and supply chain crisis, a used truck would cost Aboudi between $30,000 and $50,000. Now, that same truck costs anywhere between $80,000 to $120,000.

“CARB is asking me to pay top dollar for these trucks and I just cannot afford it,” Aboudi told the DCNF. “It’s like you asking me to buy a Porsche even though I can only afford a Toyota Corolla.”

“I’m stressing, do I downsize my company to two drivers at the end of the year because I only have two trucks?” Aboudi told the DCNF. “There is no way I’m paying $140,000 for these trucks.”

Meanwhile, Aboudi said the new provision adds to labor shortages within the industry.

“On top of this, we are losing good, experienced drivers because they also cannot afford these trucks,” Aboudi told the DCNF.

‘Woke Microeconomic Decisions’

The frustration has been felt across the trucking industry. A group of 26 trucking associations sent a letter to CARB, saying the provision would worsen supply chain issues and directly impact the industry and its workers.

“During normal economic cycles this final phase could have been achieved without disruptions in the supply-chain; that is no longer true,” the letter read.

“Both California’s and the nation’s economy are still adjusting to the effects from a global pandemic that has stressed supply chains worldwide and more importantly, led to insufficient production of new trucks primarily due to a worldwide shortage of components needed for final truck completion,” the letter read. “The well documented shortage of new truck availability has forced larger fleets to hold onto their older trucks for longer than is typical which in-turn has reduced the amount of used trucks in the secondary market causing prices of available trucks to skyrocket.”

CARB’s provision has also received criticism from supply chain experts and California lawmakers.

“These are typical Woke microeconomic decisions by ignorant bureaucrats that ignore the broader macroeconomic consequences both to the supply chain and fuel prices, Peter Navarro, former manufacturing adviser to former President Donald Trump, told the DCNF. “My advice to these fools is to wake up and smell the stagflation.”

A group of Republican California lawmakers, led by Rep. Michelle Steel, sent a letter to the Environmental Protection Agency (EPA) on April 1 ripping CARB’s regulations on how it directly impacts California’s transportation industry and thereby worsens the supply chain.

“These regulations and drastic overreach by CARB, have created a situation where there is no appetite for freight brokers, shippers, and motor carriers to operate in the State,” the letter read. “On top of that, capacity crunches and a lack of truck drivers have put the American economy on a road of logistical uncertainty.”

“For months, Californians and families across the country have been dealing with supply chain issues that mean empty shelves and skyrocketing prices,” Steel told the DCNF. “This is the result of bad policies from Washington and Sacramento that are restricting the trucking industry and contributing to the congestion felt at our ports.”

“It’s time to remove these burdensome regulations and get goods moving again,” Steel said.

Republican California Rep. Young Kim also blasted CARB’s provision over its impact on supply chains. 

“As communities across the country suffer from supply chain backlogs and labor shortages across industries, California is implementing new regulations to prohibit truckers from operating with vehicles from before 2010,” Kim told the DCNF.

“Instead of burdening our workers and small businesses with more regulations, we need to incentivize workforce opportunities and have all hands on deck to reduce supply chain backlogs,” Kim said. “These burdensome regulations should be suspended until we fix our supply chains, reduce inflation and get our economy back on track.”

Biden’s Trucking Action Plan

President Joe Biden held a press conference Monday to discuss the Trucking Action Plan, where he highlighted measures to improve the quality of trucking jobs, increase the number of drivers, and keep workers in the industry. Measures mentioned in Biden’s plan included more than doubling commercial driver’s licenses processing throughout 2022, improved recruiting for truckers, adding significant new drivers in the industry, helping veterans enter the employment pool and encouraging more women to become truck drivers.

“We can draw more Americans to work with increased wages, reduced wait times, and improved safety and so much more,” Biden said Monday. “There is a lot more we have to do.”

The Trucking Action Plan was first introduced on Dec. 16, 2021, to address growing supply chain problems throughout the country.

“The U.S. Department of Transportation and the U.S. Department of Labor launched a Trucking Action Plan to increase the supply of truck drivers by creating new pathways into the profession, cutting red tape to expand high quality training through Registered Apprenticeship, and laying the foundation for improving job quality to keep people in the profession,” the White House said in Monday’s press release.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact The Daily Caller News Foundation

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact  [email protected]. Read the full story at the Daily Caller News Foundation

April 10, 2022 0 comments
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BOJ official warns against excessive volatility in yen moves

by Reuters April 10, 2022
By Reuters

By Leika Kihara

TOKYO -A senior Bank of Japan (BOJ) official on Monday warned that excessive volatility in yen moves could hurt growth, after the currency’s slide below the key 125 yen threshold on the dollar raised concerns about broader risks to the import-reliant economy.

Shinichi Uchida, the BOJ’s executive director, also said the central bank will maintain ultra-loose monetary policy as recent rises in inflation were driven by fuel costs and could hurt Japan’s fragile economic recovery.

“It’s desirable for currency rates to move stably reflecting economic and financial fundamentals. That’s a policy confirmed by G7 and G20 countries,” Uchida told parliament, when asked about the impact of the yen’s recent declines on the economy.

“Short-term, excess volatility in currency moves could heighten uncertainty over the outlook and make it difficult for companies to create business plans,” Uchida said.

The dollar briefly rose above 125 yen on Monday, the first time since March 28, as prospects of aggressive interest rate hikes by the Federal Reserve highlighted the widening rate differential between the United States and Japan.

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(Reporting by Leika Kihara; Editing by Christopher Cushing & Shri Navaratnam)

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April 10, 2022 0 comments
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War to slash Ukraine’s GDP output by over 45%, World Bank forecasts

by Reuters April 10, 2022
By Reuters

By David Lawder

WASHINGTON -Ukraine’s economic output will likely contract by a staggering 45.1% this year as Russia’s invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large swaths of the country, the World Bank said on Sunday.

The World Bank also forecast Russia’s 2022 GDP output to fall 11.2% due to punishing financial sanctions imposed by the United States and its Western allies on Russia’s banks, state-owned enterprises and other institutions.

The World Bank’s “War in the Region” economic update https://openknowledge.worldbank.org/bitstream/handle/10986/37268/9781464818660.pdf said the Eastern Europe region, comprising Ukraine, Belarus and Moldova, is forecast to show a GDP contraction of 30.7% this year, due to shocks from the war and disruption of trade.

Growth in 2022 in the Central Europe region, comprising Bulgaria, Croatia, Hungary, Poland and Romania, will be cut to 3.5% from 4.7% previously due to the influx of refugees, higher commodity prices and deteriorating confidence hurting demand.

For Ukraine, the World Bank report estimates that over half of the country’s businesses are closed, while others are operating at well under normal capacity. The closure of Black Sea shipping from Ukraine has cut off some 90% of the country’s grain exports and half of its total exports.

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The World Bank said the war has rendered economic activity impossible in many areas, and is disrupting agricultural planting and harvest operations.

Estimates of infrastructure damage exceeding $100 billion by early March – about two-thirds of Ukraine’s 2019 GDP – are well out of date “as the war has raged on and caused further damage.”

The bank said the 45.1% contraction estimate excludes the impact of physical infrastructure destruction, but said this would scar future economic output, along with the outflow of Ukrainian refugees to other countries.

The World Bank said the magnitude of Ukraine’s contraction is “subject to a high degree of uncertainty” over the war’s duration and intensity.

A downside scenario in the report, reflecting further commodity price shocks and a loss of financial market confidence triggered by an escalation of the war, could result in a 75% contraction in Ukraine’s GDP and a 20% contraction in Russia’s output.

This scenario would lead to a 9% contraction in the World Bank’s Europe and Central Asia region of emerging market and developing economies – more than double the drop in the baseline forecast.

“The Russian invasion is delivering a massive blow to Ukraine’s economy and it has inflicted enormous damage to infrastructure,” Anna Bjerde, the World Bank’s vice president for Europe and Central Asia, said in a statement.

“Ukraine needs massive financial support immediately as it struggles to keep its economy going and the government running to support Ukrainian citizens who are suffering and coping with an extreme situation.”

The World Bank has already marshaled about $923 million in loans and grants for Ukraine, and is preparing a further support package of more than $2 billion.

“Rapid IMF and World Bank assistance has allowed Ukraine fiscal space to pay salaries for civilians, soldiers, doctors, and nurses, while also meeting its external debt obligations,” U.S. Treasury Secretary Janet Yellen, who oversees the U.S. controlling share in the World Bank, told U.S. lawmakers during a hearing last week.

(Reporting by David Lawder in Washington; Editing by Matthew Lewis and Stephen Coates)

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GoTo seeks to buck tech sector slump with $1.1 billion Indonesia IPO

by Reuters April 10, 2022
By Reuters

By Fanny Potkin, Anshuman Daga and Stefanno Sulaiman

SINGAPORE/JAKARTA -GoTo is banking for a steady market debut after raising $1.1 billion in a relatively cautious IPO, while a booming local share market is cementing expectations that Indonesia’s largest tech firm can buck a global downtrend in tech stocks.

Formed by the May merger of ride-hailing-to-payments company Gojek and e-commerce giant Tokopedia, PT GoTo Gojek Tokopedia Tbk will debut in Jakarta on Monday in the culmination of one of the world’s biggest initial public offerings (IPO) so far this year.

Taking advantage of new listing rules, the debut will mark a watershed for the $70 billion digital market of Southeast Asia’s largest economy, where record venture funding is creating a wave of startups.

“GoTo is the most differentiated technology company in Southeast Asia. Relative to its peers, diversification is going to be a very important thing that investors will need to get on top of and understand how to properly value the business,” said Shane Chesson, a partner at Openspace Ventures, one of Gojek’s earliest investors.

Indonesia’s digital economy is likely to grow nearly five times to up to $330 billion by 2030 from 2021, showed a study by consultancy Bain & Co and GoTo backers Alphabet Inc and Temasek Holdings Pte Ltd.

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While U.S.-listed peers Grab Holdings Ltd and Sea Ltd operate across Southeast Asia, GoTo focuses on Indonesia. With 2.5 million drivers, 14 million merchants and 55 million annual transacting users, GoTo’s businesses straddle millions of small and mid-sized firms across the archipelago.

Angus Mackintosh, founder at CrossASEAN Research, said in a report on Smartkarma that key to GoTo’s IPO was that it was small and offered only to local investors. “This should mean that there is stronger support.”

GoTo is selling 4% in shares with most taken up by funds. Backed by names such as SoftBank Group Corp’s Vision Fund 1, Alibaba Group Holding Ltd and the Abu Dhabi Investment Authority, GoTo is also broadening its investor base by allocating shares to 600,000 drivers.

It will also be first to issue multiple class voting shares and tap new rules allowing unprofitable firms to list directly on the bourse’s main board.

Analysts said the size and valuation are lower than expected, and that GoTo likely aimed to avoid a repeat of the experience of e-commerce peer PT Bukalapak.com Tbk.

Bukalapak raised $1.5 billion in July selling 25% of equity after initially targeting $300 million. Its stock debuted strongly but tumbled 25% within days and has halved from its IPO price.

GoTo priced its shares at 338 rupiah ($0.0235), the high end of its indicative range.

Its investors are subject to an eight-month lock-in, or two years for those with multiple class voting shares. With Bukalapak, though there was an eight-month lock-in, some funds could sell up to 10% of holdings immediately.

GoTo will become Indonesia’s fourth most-valuable firm at $28 billion, with analysts estimating an index weighting of up to 9%.

“Once you’re in the index, all the local funds buy quasi automatically,” said one GoTo investor. The IDX is at a record high and is Asia’s best-performer this year at 9%.

GoTo President Patrick Cao said weak markets prompted caution with pricing. Still, the firm expects listing to support fundraising and plans to list overseas within two years.

“It is a very challenging environment in the public market now, with market caps of DiDi Global Inc, Grab, DeliveryHero and many others falling below the target valuation of GoTo,” said Jianggan Li at advisory Momentum Works.

($1 = 14,357.0000 rupiah)

(Reporting by Fanny Potkin, Anshuman Daga and Stefanno Sulaiman; Editing by Christopher Cushing)

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JetBlue to trim summer schedule amid hiring push

by Reuters April 10, 2022
By Reuters

By David Shepardson

WASHINGTON – JetBlue Airways confirmed on Sunday it plans to cut its summer schedule in a bid to avert flight disruptions as it works to ramp up hiring.

An airline spokesman confirmed an email to staff on Saturday, reported earlier by CNBC, that said JetBlue had “already reduced May capacity 8-10% and you can expect to see a similar size capacity pull for the remainder of the summer.”

U.S. airlines are working to aggressively ramp up hiring as they prepare for an expected spike in summer travel demand as the COVID-19 pandemic recedes. Since September, several major U.S. airlines have been forced at times to cancel hundreds or thousands of flights after severe weather disruptions.

The New York-based airline said on Sunday that “given we anticipate continued industry challenges and heavy demand into the summer, we are planning more conservatively and trying to be proactive where we can with cancellations due to disruptive weather and air traffic control events.”

JetBlue canceled 148 flights, or 13% of its schedule on Sunday and delayed 39% of its flights, according to FlightAware, after canceling 18% of flights Saturday and delaying 48%.

The airline added that “to get our operation back on track this week and provide additional recovery options for the potential of additional April weather events, we are cancelling some flights this weekend and will be making a small schedule adjustment through the rest of the month.”

JetBlue said despite hiring more than 3,000 new crew members in 2022, “we remain staffing constrained, and these disruptions exacerbate an already challenging staffing situation.” It said it was adding “hundreds of new crewmembers each week as we prepare for summer travel.”

JetBlue last week made an unsolicited offer of $33 per share in cash to buy Spirit Airlines, surpassing a near $25 per share cash-and-stock bid from Frontier Group Holdings made in February. Spirit said on Thursday it would start talks with JetBlue on its $3.6 billion offer.

(Reporting by David Shepardson in Washington; Editing by Matthew Lewis)

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Top HeadlinesUS and World News

As battle looms in Ukraine’s east, Austrian leader to meet Putin

by Reuters April 10, 2022
By Reuters

By Elizabeth Piper and Zohra Bensemra

KYIV/BUZOVA, Ukraine – Russian forces pounded targets in eastern Ukraine with missiles and artillery on Sunday as Austria’s leader planned to meet with Russian President Vladimir Putin and Washington pledged to give Ukraine “the weapons it needs” to defend itself against a new Russian offensive.

Austrian Chancellor Karl Nehammer said he would meet with Putin on Monday in Moscow for the Russian leader’s first face-to-face meeting with a European Union counterpart since Russia’s invasion began on Feb. 24.

“We are militarily neutral, but (have) a clear position on the Russian war of aggression against #Ukraine,” Nehammer wrote of Austria on Twitter https://twitter.com/karlnehammer/status/1513193093784297476. “It must stop! It needs humanitarian corridors, ceasefire & full investigation of war crimes.”

Nehammer met Ukrainian President Volodymyr Zelenskiy in Kyiv on Saturday – the same day as British Prime Minister Boris Johnson, who promised to give Ukraine 120 armoured vehicles and anti-ship missile systems.

Russia has failed to take any major cities, but Ukraine says it has been gathering its forces in the east for a major assault and has urged people to flee.

Russian forces fired rockets into Ukraine’s Luhansk and Dnipropetrovsk regions on Sunday, officials said. Missiles completely destroyed the airport in the city of Dnipro, said Valentyn Reznichenko, governor of the central Dnipropetrovsk region.

Russia’s defence ministry said high-precision missiles had destroyed the headquarters of Ukraine’s Dnipro battalion in the town of Zvonetsky.

Reuters could not immediately confirm the reports.

WEAPONS APPEALS

Since Russia invaded, Zelenskiy has appealed to Western powers to provide more defence help, and to punish Moscow with tougher sanctions, including embargoes on Russian energy exports.

U.S. national security adviser Jake Sullivan told ABC News: “We’re going to get Ukraine the weapons it needs to beat back the Russians to stop them from taking more cities and towns.”

In an interview aired on CBS’s “60 Minutes,” Zelenskiy said he had confidence in his own armed forces but “unfortunately I don’t have the confidence that we will be receiving everything we need” from the United States.

“They have to supply weapons to Ukraine as if they were defending themselves and their own people,” Zelenskiy added. “They need to understand this. If they don’t speed up, it will be very hard for us to hold on against this pressure.”

Zelenskiy said earlier on Twitter he had spoken on the phone with German Chancellor Olaf Scholz about additional sanctions, as well as more defence and financial support for his country. Zelenskiy also discussed with Ukrainian officials Kyiv’s proposals for a new package of EU sanctions, his office said.

The EU on Friday banned Russian coal imports among other products, but has yet to touch oil and gas imports from Russia.

NEW SANCTIONS

Mounting civilian casualties have triggered widespread international condemnation and new sanctions.

A grave with at least two civilian bodies has been found in Buzova village near Kyiv, said Taras Didych, head of the Dmytrivka community that includes Buzova, the latest such reported discovery since Russian forces withdrew from areas north of the capital.

Sullivan said on Sunday he expected Russia’s newly appointed general overseeing Ukraine, Aleksandr Dvornikov, to authorise more brutality against the Ukrainian civilian population. He did not cite any evidence.

Moscow has rejected accusations of war crimes by Ukraine and Western countries.

Moscow has repeatedly denied targeting civilians in what it calls a “special operation” to demilitarise and “denazify” its southern neighbour. Ukraine and Western nations have dismissed this as a baseless pretext for war.

Russia’s invasion has forced about a quarter of Ukraine’s 44 million people from their homes, turned cities into rubble and killed or injured thousands.

The World Bank on Sunday forecast the war would cause Ukraine’s economic output to collapse by a staggering 45% this year, with half of its businesses shuttered, grain exports mostly cut off by Russia’s naval blockade and destruction rendering economic activity impossible in many areas.

The bank forecast Russia’s GDP would contract by 11.2% this year due to punishing Western sanctions.

HEAVY SHELLING

Some cities in Ukraine’s east were under heavy shelling, with tens of thousands of people unable to evacuate.

Calls by Ukrainian officials for civilians to flee gained more urgency after a missile strike hit a train station on Friday in the city of Kramatorsk, in the Donetsk region, that was full of people trying to leave.

Ukrainian officials said on Sunday the death toll from the strike rose to 57, while 109 were wounded. Russia has denied responsibility, saying the missiles used in the attack were only used by Ukraine’s military.

Reuters was unable to verify the details of the attack.

Ramzan Kadyrov, the powerful head of Russia’s Chechnya region, said in a video message that Russia would unleash an offensive on the besieged port of Mariupol, but also Luhansk, and Donetsk and then target Kyiv and other Ukrainian cities.

Ukraine’s deputy prime minister, Iryna Vereshchuk, said 2,824 people were evacuated on Sunday through humanitarian corridors, including 213 from Mariupol, which has been under siege for weeks.

(Reporting by Reuters bureaus; Writing by Jacob Gronholt-Pedersen, Michael Perry, Tomasz Janowski and David Lawder; Editing by Robert Birsel, Frances Kerry, Matthew Lewis and Lincoln Feast.)

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April 10, 2022 0 comments
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Musk polls followers on converting Twitter HQ to homeless shelter; Bezos likes idea

by Reuters April 10, 2022
By Reuters

(Refiles to add dropped letter in headline)

(Reuters) – Two of the world’s richest people are pitching in ideas to tackle the issue of homelessness, suggesting that Twitter Inc convert its headquarters to a shelter home.

Amazon.com Inc founder Jeff Bezos on Sunday backed an idea put forth by Elon Musk, who recently became Twitter’s largest shareholder, to convert the social networking firm’s San Francisco headquarters into a homeless shelter as few people are working there during the pandemic.

Bezos tweeted https://twitter.com/JeffBezos/status/1513251374774972417 an article by technology-focused blog GeekWire from May 2020 about Amazon’s eight-floor family homeless shelter attached to its Seattle headquarters, saying the initiative worked out great and makes it easy for employees who wish to volunteer.

Bezos also suggested converting at least a portion of Twitter’s headquarters, if not all of it, into a homeless shelter. Musk agreed in another tweet, calling it a “Great idea.”

Musk, who has more than 81 million followers on Twitter, started a poll on Saturday, asking users to vote if the building should be converted. The poll gained over a million votes in less than a day, with more that 90% saying yes.

The chief executive of electric vehicle maker Tesla Inc, who frequently tweets about his company and other topics, has been known to leave people confused as to whether he is joking. However, Musk clarified this time he was not joking. “I’m serious about this one btw,” he tweeted https://twitter.com/elonmusk/status/1513199588454264832, following up on the topic on Sunday.

A separate poll https://twitter.com/elonmusk/status/1513045405029711878 by Musk on Sunday asked if “w” should be deleted from Twitter’s name, leaving two voting options, “yes” and “of course.”

Musk had suggested a raft of changes to the Twitter Blue premium subscription service on Saturday, including reducing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin.

(This story has been refiled to add dropped letter in headline)

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Matthew Lewis)

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France’s Macron and Le Pen head for cliffhanger April 24 election runoff

by Reuters April 10, 2022
By Reuters

By Layli Foroudi, Tassilo Hummel and Ingrid Melander

PARIS -French leader Emmanuel Macron and challenger Marine Le Pen qualified on Sunday for what promises to be a very tightly fought presidential election runoff on April 24, pitting a pro-European economic liberal against a far-right nationalist.

With partial results putting Macron in first place ahead of Le Pen after the first-round voting, other major candidates admitted defeat. Except for another far-right candidate, Eric Zemmour, they all urged voters to block the far-right in the second round.

But after five years in power in which his abrasive style has upset many, while Le Pen succeeded in softening her image, Macron will have to fight hard to win back disgruntled voters. He cannot take it for granted that voters will rally around a traditional anti-far right front.

“Nothing is decided, and the battle we will wage in the next 15 days will be decisive for France and Europe,” Macron told supporters, urging all voters to rally behind him on April 24th to stop the far-right from ruling the European Union’s second-largest economy.

Ifop pollsters predicted a very tight runoff, with 51% for Macron and 49% for Le Pen. The gap is so tight that victory either way is within the margin of error.

Other pollsters offered a slightly bigger margin in favour of Macron, with up to 54%. But that was in any case much narrower than in 2017, when Macron beat Le Pen with 66.1% of the votes.

Le Pen, who had eaten into Macron’s once-commanding 10-point poll lead in recent weeks thanks to a campaign focused on cost-of-living issues said she was the one to protect the weak and unite a nation tired of its elite.

“What will be at stake on April 24 is a choice of society, a choice of civilisation,” she told supporters, who chanted “We will win!” as she told them: “I will bring order back to France.”

Macron, meanwhile, told supporters waving French and EU flags: “The only project that is credible to help purchasing power is ours.”

“DISASTROUS”

With 96% of the votes counted for Sunday’s first round, Macron garnered 27.41% of the votes and Le Pen 24.03%. A near total count of the vote was expected for later in the night.

A Le Pen victory on April 24 would be a similar jolt to the establishment as Britain’s Brexit vote to leave the European Union (EU) or Donald Trump’s 2017 entry into the White House.

France would lurch from being a driving force for European integration to being led by a euro-sceptic who is also suspicious of the NATO military alliance.

While Le Pen has ditched past ambitions for a “Frexit” or to haul France out of the euro zone’s single currency, she envisages the EU as a mere alliance of sovereign states.

Conservative candidate Valerie Pecresse warned of “disastrous consequences” if Macron lost, while the Socialists’ Anne Hidalgo urged supporters to vote for him “so that France does not fall into hatred.”

“Not one vote for Le Pen!” added hard-left candidate Jean-Luc Melenchon, who, according to the estimates, placed third with around 20% of the votes.

But they all also had very harsh words for Macron and some of the very unpopular policies of his first mandate as well as an abrasive style that has put off many voters.

“Emmanuel Macron played with fire,” Pecresse told supporters.

“PAY ATTENTION”

Zemmour acknowledged disagreements with Le Pen, but said Macron was a worse choice.

Barely a month ago, Macron seemed on course for a comfortable re-election that, riding high in polls thanks to strong economic growth, a fragmented opposition and his statesman role in trying to avert war in Ukraine on Europe’s eastern flank.

But he paid a price for late entry into the campaign during which he eschewed market walkabouts in provincial France in favour of a single big rally outside Paris. A plan to make people work longer also proved unpopular, enabling Le Pen to narrow the gap.

Le Pen, an open admirer of Russian President Vladimir Putin until his invasion of Ukraine, had for months toured towns and villages across France. She focused on cost-of-living issues troubling millions and tapped into anger toward rulers.

“Marine Le Pen knew how to talk to people about their more concrete problems. During the next two weeks he (Macron) will have to pay more attention to what is happening in France, take a diplomatic break,” said Adrien Thierry, a 23-year old Macron supporter.

As the vote count progressed, Melenchon’s score rose to close to Le Pen’s, with 21.57% of the votes, while none of the others were in the double-digits, leading some supporters to briefly hope for a change in the final line-up, which eventually seemed out of reach.

(Reporting by Makini Brice, Richard Lough, Layli Foroudi, John Irish, Sybille de La Hamaide, Tassilo Hummel, Michel Rose, Leigh Thomas, Hedy Beloucif, Gus Trompiz in Paris, Juliette Jabkhiro in La Villetelle, Mimosa Spencer in Sevres, Michaela Cabrera in Henin-Beaumont; Writing by Ingrid Melander; Editing by Andrew Cawthorne, Mark Porter and Diane Craft)

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France’s traditional parties bloodied by vote for far-right and hard-left

by Reuters April 10, 2022
By Reuters

By Mimosa Spencer and Layli Foroudi

PARIS -Supporters of France’s far-right and hard-left parties celebrated as presidential candidates for traditional mainstream parties failed dismally in Sunday’s first-round vote.

As vote counting continued, President Emmanuel Macron was ahead of far-right party leader Marine Le Pen and polling firms estimated that far-left leader Jean-Luc Melenchon would win over 22% of the vote, compared to under 20% five years ago.

In a hall at the edge of Paris, a few hundred Rassemblement National supporters erupted into cheers as TV stations announced Le Pen had again made it into the second round, and with a higher score than the 21.3% in 2017.

They waved French flags and shouted “Marine for president” as Le Pen spoke to her supporters and called on voters for conservative Valerie Pecresse and rival hard-right candidate Eric Zemmour to rally behind her.

Several militants said their party was no longer ostracised by the general public and that they had generally received a warm welcome when canvassing for Le Pen.

“We are greeted in a completely different manner when we distribute party leaflets, we see it when we go to markets, we see people who are much more receptive – something has changed,” longtime Le Pen supporter Nathalie Vaccari, 57, said.

With crowds jumping on stage and singing “on a gagne” (we have won), Le Pen’s deputy campaign manager Jean-Philippe Tanguy said he was confident Le Pen could win over voters who have voted for Zemmour and Melenchon in the first round.

At a packed Cirque d’Hiver theatre in central Paris, some Melenchon fans burst into tears when the first results were announced and hundreds of supporters sang for joy, chanting “on ne lache rien” (we won’t give an inch) throughout the night.

Actor Xavier Mathieu, who led the singing, said he regretted that Melenchon had not qualified for the second round, but was happy about his candidate’s strong showing.

“The race is not finished because change in society does not happen in elections, it happens in the street,” he said.

Jeroen Atputharajah, 18, blamed green candidate Yannick Jadot and socialist Anne Hidalgo for not backing Melenchon.

“They preferred to divide the left,” he said.

Polling firms forecast Jadot at under 5% of the first-round vote, while Hidalgo was seen getting under 2%, a record low for the party that helped Francois Hollande win the 2012 election.

At the conservative party’s venue, supporters had the blues, with Valerie Pecresse seen scoring less than 5%, compared to the 20.01% her predecessor Francois Fillon won five years ago.

Some 200 activists lingered after Precresse left, finishing the champagne, eating canapés, and pondering the outlook for their party, which dominated French politics for decades.

Kinata Kopi, wearing a T-shirt saying “Valerie je t’aime”, said Republicans now had to stick together to prepare the 2027 election.

“I hope General de Gaulle and (former president) Jacques Chirac will inspire us so that the Republicans’s flame remains alight,” she said.

(Reporting by Mimosa Spencer, Layli Foroudi, John Irish and Sybille de la Hamaide; Writing by Geert De Clercq; Editing by Diane Craft and Stephen Coates)

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Israel and West Bank on edge after more bloodshed

by Reuters April 10, 2022
By Reuters

By Jeffrey Heller

JERUSALEM -Israeli forces killed two Palestinian women on Sunday after one ran towards troops and the other stabbed a soldier in separate incidents in the occupied West Bank, Israeli security officials said.

With violence surging after a string of deadly Arab attacks in Israel, a Palestinian man was killed by Israeli soldiers during what local residents said were confrontations with stone-throwers near the West Bank town of Bethlehem, the Palestinian health ministry announced.

The Israeli military said troops shot a Palestinian throwing petrol bombs towards an Israeli vehicle.

The bloodshed has coincided with the start of the Muslim holy month of Ramadan, when Israeli-Palestinian violence has erupted in the past and, last May, spiralled into an 11-day war between Gaza militants and Israel.

In Bethlehem, no weapon was found on the body of a Palestinian woman who was shot and killed after she ignored soldiers’ calls and warning fire to stop running towards them, the Israeli military said, adding it had begun an investigation.

Hours later, a Palestinian woman armed with a knife was shot dead after she slightly wounded a paramilitary border policeman in Hebron, outside the Tomb of the Patriarchs, which Muslims call al-Ibrahimi mosque, Israeli security officials said.

Israeli forces have been on high alert following attacks by three members of Israel’s Arab minority and two Palestinians from the West Bank that have killed 14 people in Israel since late March.

More than 20 Palestinians, many of them armed militants, have been killed by Israeli forces since January, while Palestinians have reported a rise in violence by Israeli settlers in the West Bank.

Hussein al-Sheikh, a senior Palestinian official, said Israel’s expansion of settlements on occupied land Palestinians want for a state and visits by far-right Israelis to the Al-Aqsa mosque compound in Jerusalem have led to escalation.

Israeli Prime Minister Naftali Bennett has said Arab assailants were “trying to destroy us” and were “moved by hatred of Jews and of the State of Israel”.

Israeli forces have been mounting raids in and around the West Bank city of Jenin, a militant stronghold, to try to thwart what Bennett has called “a new wave of terrorism”.

(Reporting by Jeffrey Heller and Maayan Lubell in Jerusalem and Nidal al-Mughrabi in Gaza; Editing by Andrew Cawthorne and Alex Richardson)

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Shanghai residents question human cost of China’s COVID quarantines

by Reuters April 10, 2022
By Reuters

By Brenda Goh

SHANGHAI -Lu, 99, was a long-time resident at Shanghai’s Donghai Elderly Care hospital, her loved ones secure that she was getting round-the-clock care at the city’s largest such centre.

That was before COVID-19 struck China’s biggest city last month, the country’s worst outbreak since the virus emerged in Wuhan in late 2019, infecting multiple patients, doctors and care workers at the 1,800-bed facility.

Orderlies posted cries for help on social media, saying they were overwhelmed. Relatives told Reuters that there had been several deaths.

    Lu, whose relatives asked that she be identified only by her surname, had coronary heart disease and high blood pressure. She caught COVID and, though she had no symptoms, was being transferred to an isolation facility, her family was told on March 25.

    She died there seven days later, the cause of death listed as her underlying medical conditions, her granddaughter said.

Among the questions she has about Lu’s final days was why elderly patients had to be quarantined separately, away from the care workers most familiar with their conditions under China’s quarantine rules.

Her frustrations reflect those of many with China’s no-tolerance COVID policy. Everyone testing positive must quarantine in specialised isolation sites, whether they show symptoms or not.

Shanghai has become a test case for the country’s strict policy. Home quarantine is not an option and, until public outrage prompted a change, Shanghai was separating COVID-positive children from their parents.

From March 1 to April 9, China’s financial hub reported some 180,000 locally transmitted infections, 96% of which were asymptomatic. It reported no deaths for the period.

A Donghai staffer who answered the phone on Sunday declined to answer questions, directing Reuters to another department, which did not respond to repeated calls.

Asked for comment, the Shanghai government sent a local media report with a first-person account of life at one of the quarantine centres. The unidentified author said he wanted to dispel fears that such sites were terrible, saying he received ample meals and medicine but recommending people bring earplugs and eye masks.

The authorities did not offer further comment.

The United States has raised concerns about China’s COVID approach, advising its citizens on Friday to reconsider travel to China “due to arbitrary enforcement of local laws and COVID-19 restrictions.” Beijing dismissed the U.S. concerns as “groundless accusations”.

    ‘DIDN’T DARE BELIEVE IT’

When Lu was being quarantined, the family asked, “Who is going to care for her? Will there be care workers, doctors?,” her granddaughter said. “My grandmother is not someone who can live independently.

“If the care worker had COVID and no symptoms, why couldn’t they stay together?,” she said. “The chaos and tragedies happening in Shanghai this time really boil down to cruel policies.”

A relative of Donghai patient Shen Peiying, who gave his surname as Qiu, said he believes the quarantine policy contributed to the April 3 death of the bedridden 72-year-old.

She had not caught COVID, he said, citing test records he saw on China’s health app. After weeks of little communication, staff rang to say Shen had died from a chest infection.

Qiu has refused to consent to her cremation, citing such unanswered questions as what care she received after her regular care worker was quarantined.

“If they were all in quarantine, who was there to take care of the patients?,” Qiu said.

Shanghai is doubling down on the quarantine policy, converting schools, recently finished apartment blocks and vast exhibition halls into centres, the largest of which can hold 50,000 people. Authorities said last week they have set up over 60 such facilities.

    These steps, including sending patients to quarantine sites in neighbouring provinces, have been greeted by the public with a mixture of awe at their speed and horror over conditions, prompting some Shanghai residents to call for home quarantine to be allowed.

    While Chinese state media has shown hospitals with just two or three patients per room, patients like those sent to Shanghai’s giant exhibition centres say they live side by side with thousands of strangers, without walls or showers and with ceiling lights on at all hours.

    Videos on Chinese social media have shown hastily converted quarantine sites, including a ramshackle vacant factory where a number of camping beds were placed, a site made out of shipping containers and a school with a poster saying blankets and hot water were not available.

A source verified the first video. Reuters could not independently verify the others.

    Management of such sites has been a concern.

    One viral video last week showed patients at a site called the Nanhui makeshift hospital fighting for supplies. Reuters could not reach the facility on Sunday for comment.

Among those posting on social media was Shanghai resident Li Tong, who asked for help after his wife was sent there. He said things got better when more staff arrived to organise the patients but that he was shocked by what the videos showed and what his wife told him.

“I didn’t dare believe it, that Shanghai in 2022 could be like this,” he said.

(Reporting by Brenda Goh; Additional reporting by Engen Tham and the Shanghai newsroom; Editing by William Mallard)

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Voestalpine in advanced talks to sell majority stake in Texas plant

by Reuters April 10, 2022
By Reuters

ZURICH – Austrian specialty steelmaker Voestalpine is in advanced talks to sell a majority stake in its Texas plant, it said on Sunday.

“In recent months, voestalpine has been conducting an open-ended market sounding to stabilize the business model of its direct reduction plant in Corpus Christi, Texas,” the Austrian firm said in a statement. “As a result of this examination, voestalpine is currently in negotiations to sell 80% of its shares in voestalpine Texas.”

Talks were at an advanced stage, it said, without disclosing a potential sales price.

Voestalpine announced plans to invest 550 million euros in a state-of-the-art plant in Corpus Christi in 2013.

The $1 billion plant in Corpus Christi opened in October 2016, with an annual capacity of 2 million tonnes of high-quality hot briquetted iron, or sponge iron, a pre-material used in steel production.

However, the plant has since faced setbacks ranging from construction delays to cost overruns totaling more than a billion dollars, as well as a challenging market situation amidst the COVID-19 pandemic.

Following write-offs, the Texas operation was valued at 448 million euros, Chief Financial Officer Robert Ottel said in November 2020.

Voestalpine recognised an impairment loss of 163 million euros on the Texas operations for its 2020-21 reporting year, as the plant was confronted with “sharply lower” demand.

However, during the first three quarters of its current 2021-22 reporting year, the Texas plant had benefited from “good demand for steel in North America,” the Austrian firm said in February, when it said it expected full-year earnings across the group at the upper end of its forecast.

(Reporting by Brenna Hughes Neghaiwi in Zurich; Editing by Matthew Lewis)

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BOJ’s bet on career pragmatist sets bank up for post-Kuroda era

by Reuters April 10, 2022
By Reuters

By Leika Kihara

TOKYO -The Bank of Japan’s rare reappointment of a veteran technocrat behind the country’s massive monetary stimulus positions the bank for an eventual exit from governor Haruhiko Kuroda’s radical policies when his term ends next year.

Having spent most of his career at the BOJ’s elite monetary affairs department, Shinichi Uchida, 59, was instrumental in drafting Kuroda’s “bazooka” asset-buying programme in 2013 and negative interest policy in 2016.

While those policies create an image of him being a proponent of heavy monetary stimulus, Uchida also led the BOJ’s drive to slow its huge bond buying by introducing yield curve control in 2016 – a policy that caps long-term interest rates at zero but also relieved the central bank from buying bonds at a set pace.

As its balance sheet became bloated and the financial sector’s pain from prolonged easing became more apparent, Uchida was instrumental in crafting steps to slow the BOJ’s purchases of risky assets and ease the strain on banks from low rates.

The reappointment for another four-year term as the BOJ’s executive director, announced this month, will have Uchida, who joined the bank in 1986, oversee monetary policy design well beyond the end of Kuroda’s term in April next year.

Uchida’s technical expertise and deep experience mean the dismantling of YCC, whenever it happens, will go smoothly, while his bi-partisan nature mean he will be a help, not a hindrance, to the rollback of Kuroda’s stimulus, say three sources familiar with the matter.

“Because he’s created this complex framework, he’s probably the best person to roll it back,” said Mari Iwashita, chief market economist at Daiwa Securities and a veteran BOJ watcher.

“That’s his strength, as well as his ability to quickly change tack on policy when he sees fit.”

The BOJ has six executive directors that assist the board in making decisions on key matters. The roles are highly sought after and offered to only a handful of top BOJ staff.

Uchida’s reappointment is unusual – historically, such positions last only a single four-year term, after which the officials retire from the BOJ for private sector jobs.

NEITHER HAWK NOR DOVE

Having spent most of his career at the monetary affairs department, Uchida made his mark with a knack for designing complex policy frameworks and his ability to navigate BOJ leadership transitions.

People who know him say Uchida is sharp-minded and worked well under both the dovish Kuroda and his predecessor Masaaki Shirakawa, who was wary of ramping up stimulus too much.

“He’s a genius in crafting sophisticated policy ideas,” one of people said. “It’s hard to brand him as a hawk or dove.”

That means Uchida is well placed to craft plans to either prolong the lifespan of YCC, or gradually phase it out.

To be sure, the BOJ is in no rush to withdraw stimulus as it focuses on underpinning a fragile economic recovery, rather than fret about the prospect of too-high inflation.

But some in the BOJ are wary of Japan becoming increasingly isolated in a global shift in central banking towards tighter monetary policy.

While Japan’s comparably subdued inflation allows the BOJ to keep rates low for longer than its counterparts, there is near consensus within the bank its next move will be to dial back – not ramp up – stimulus, the sources say.

Untangling YCC, a complex patchwork of measures to keep rates low while addressing the side-effects of prolonged easing without upending markets, is no easy task.

The BOJ traditionally spends years brainstorming scenarios on its next possible move, a process in which Uchida will likely be deeply involved, the sources say.

“If there’s even a slim chance of a policy tweak in the long run, the BOJ needs to be ready,” a second source said. “Uchida will certainly play a key role in the process.”

(Reporting by Leika Kihara; Additional reporting by Takahiko Wada and Kentaro Sugiyama; Editing by Sam Holmes)

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EU could revisit renewable targets in push to quit Russian energy -Timmermans

by Reuters April 10, 2022
By Reuters

By Aidan Lewis

CAIRO – The European Union may set more ambitious targets for its transition to renewable energy as it seeks alternatives to imports of oil and gas from Russia, EU climate policy chief Frans Timmermans said on Sunday.

The EU’s 27 member states have agreed to collectively reduce their net greenhouse gas emissions by 55% from 1990 levels by 2030, a step towards “net zero” emissions by 2050.

Following Russia’s invasion of Ukraine in February, the European Commission has also proposed that Europe cut imports of Russian gas by two-thirds this year, and is drafting plans to phase them out by 2027.

The Commission is due to propose a “Repower EU” plan in May for how the bloc can quit Russian fossil fuels.

“What we will do in the next couple of weeks is work towards what I call the Repower EU initiative, and as part of that we want to accelerate the energy transition. So in that context we might revisit our targets,” Timmermans told reporters during a visit to Cairo.

Such a revision would mean a “higher percentage of renewable energy for 2030,” Timmermans said, declining to giving figures for possible new targets.

Under existing plans, the EU would raise the share of renewable energy to 40% of final consumption by 2030.

Egypt, which will host the COP27 climate conference in November and which re-exports Israeli gas from liquified natural gas (LNG) terminals on its Mediterranean coast, could help the EU diversify its gas imports, Timmermans said.

“If we can get other LNG in the region – and we will see which amounts will be available from Israel – that might be a good approach,” he said.

“The core of what I’m offering is a long-term strategic relationship that starts with LNG then quickly moves also into renewables, especially hydrogen,” he added.

(Reporting by Aidan Lewis in Cairo; Additional reporting by Kate Abnett in Brussels; Editing by Matthew Lewis)

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Explainer-Macron or Le Pen: why it matters for France, the EU and the West

by Reuters April 10, 2022
By Reuters

By Michel Rose

PARIS – The French will decide on April 24 whether to re-elect pro-business centrist President Emmanuel Macron or blow up decades of mainstream consensus in favour of far-right Marine Le Pen.

Here’s what to expect from them on major issues:

– THE ECONOMY:

LE PEN: The far-right heiress has transformed the former National Front, turning her father’s free-market, small-government party into a big-spending, protectionist one.

She wants to implement a “Buy French” policy for public tenders, cut the minimum retirement age to 60 for those who started work before 20, scrap income tax for those aged under 30, and cut VAT on energy to 5.5% from 20%.

She would also spend 2 billion euros ($2.18 billion) over 5 years raising hospital workers’ salaries and recruiting an extra 10,000 of them. Teachers’ salaries would rise 15% over 5 years.

Gilles Ivaldi, political scientist at Sciences-Po, says her party’s economic programme is further to the left than it has been for decades.

MACRON : The French leader plans to double down on supply-side reforms he has implemented during his first mandate, with the main plank of his manifesto being an increase in the minimum pension age to 65 from 62.

Macron is also promising to make some welfare benefits conditional on 15-20 hours of training, similar to policies in countries such as the United States or Britain.

Unemployment insurance, which currently guarantees workers up to two thirds of their salary for two years if they lose their job, would be linked to the strength of the economy.

In his attempt to stay true to his “neither left nor right” motto, he has also promised to make benefits automatic for those who qualify instead of requiring would-be recipients to apply.

– EUROPE :

LE PEN : Although she has abandoned earlier plans to leave the euro and pay France’s debt in newly created francs, Le Pen has nonetheless pledged to cut contributions to European Union coffers. Such a move would put Paris on a collision course with the European Commission and other EU members.

She insists French law should prevail over EU rules, in a challenge to the bloc’s top court, and says she wants eventually to replace the EU with a “Europe of nations”, though she has yet to spell out what that would look like.

Le Pen would also employ thousands more customs agents to check goods entering France, including from other EU countries, purportedly to fight fraud. Analysts say that would undermine the single market.

MACRON : The ardent Europhile would continue his push to develop what he calls Europe’s “strategic autonomy” in defence, technology, agriculture and energy and reduce the bloc’s dependence on other powers.

Over the past five years, Macron has sought to re-orient the EU towards a more protectionist stance, blocking some free-trade deals with other blocs such as Mercosur and creating a mechanism that increases scrutiny of outside takeovers of strategic EU companies.

Macron is also likely to push for more regulation of U.S. tech giants and has said he wanted to create a “European metaverse” to compete with Facebook’s.

– THE WESTERN ALLIANCE:

LE PEN : Le Pen wants to pull France out of transatlantic military alliance NATO’s integrated command, in a challenge to the West’s post-Cold War security architecture.

Opponents accuse her of being too close to Moscow. Her party received a bank loan from a Russian bank in 2014 and she was hosted by Russian President Vladimir Putin at the Kremlin shortly before the 2017 presidential election.

She has condemned Russia’s invasion of Ukraine, but says Moscow could be an ally again post-war.

In an interview with Reuters, she called herself a “Gaullist”, after wartime leader Charles de Gaulle, and said she would pursue a foreign policy at equal distance from Washington and Moscow.

Asked if she had a message to France’s traditional allies, Britain and the United States, she said: “Drop the preconceived ideas you have about me.”

MACRON : Although Macron ruffled feathers across the trans-Atlantic allieance, notably in in eastern Europe and Germany, when he called NATO “brain-dead” in 2019, he has since said the Russian invasion of Ukraine had “jolted it back to life”.

He would nonetheless seek to make Europeans less dependent on the U.S. military for security.

Macron has pushed the EU to focus more on the Indo-Pacific and China’s rising influence in the region. However, he clashed with Washington, London and Canberra after Australia ditched a massive submarine deal with France.

He has been guarded over whether he would seek to cooperate with the new U.S.-UK-Australia security alliance – dubbed AUKUS – against China or try and persuade the EU to pursue its own independent policy towards Beijing.

($1 = 0.9195 euros)

(Reporting by Michel Rose; editing by Richard Lough and Andrew Cawthorne)

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NYC mayor Adams tests positive for COVID, only symptom is ‘raspy voice’ -spokesperson

by Reuters April 10, 2022
By Reuters

(Reuters) -New York City Mayor Eric Adams tested positive for COVID-19 on Sunday after waking up in the morning with a “raspy voice,” his only symptom, a spokesperson said, becoming one of the latest high-profile Gridiron dinner attendees to come down with the virus.

Adams, 61, will cancel all his public events for the remainder of the week and will immediately begin taking anti-viral medications, the spokesperson, Fabien Levy, said in a statement.

“While he is isolating, he will continue to serve New Yorkers by working remotely,” the statement said.

Adams on Sunday marked his first 100 days in office leading the nation’s most populous city, once the epicenter of the pandemic in the United States. He was in Washington last weekend to hold a series of meetings and to attend the Gridiron Club dinner on Saturday.

The event, usually a highlight of the Washington social calendar, has been blamed in recent days for a rash of COVID-19 positive test results among high-ranking officials and politicians, including Attorney General Merrick Garland and Democratic Representatives Adam Schiff and Joaquin Castro.

In all, 67 people who attended the event have tested positive, the Washington Post reported on Saturday.

U.S. House of Representatives Speaker Nancy Pelosi also tested positive for COVID-19 and was currently asymptomatic, her spokesman said on Thursday. She did not attend the event.

President Joe Biden, 79, tested negative on Wednesday night, the White House said.

(Reporting by Brendan O’Brien in ChicagoEditing by Daniel Wallis and Matthew Lewis)

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British finance minister Sunak requests review of his financial declarations

by Reuters April 10, 2022
By Reuters

(Reuters) – Britain’s finance minister Rishi Sunak said on Sunday he had asked Prime Minister Boris Johnson for a review to determine whether he had stuck to the rules on ministerial declarations following criticism over his family’s financial arrangements.

Sunak said he had written to the prime minister asking him to refer Sunak’s ministerial declarations to Christopher Geidt, the independent adviser on ministers’ interests.

“I have always followed the rules and I hope such a review will provide further clarity,” Sunak said on Twitter.

Sunak has endured a torrid week in which a substantial increase in taxes came into effect as the tax arrangements of his family also came under scrutiny, and the Sunday Times reported he considered resigning.

His wife, Akshata Murty, owns about 0.9% of Indian IT giant Infosys, and has confirmed that she had non-domiciled tax status, meaning she did not pay tax on earnings from outside Britain.

While the status was legal, critics said the arrangement was incompatible with Sunak’s decision to raise taxes on workers and employers from April 6 at a time when high inflation is causing a cost-of-living squeeze for many households. On Friday she said she would pay British tax on foreign income.

A newspaper report said that Sunak was listed as a beneficiary of offshore trusts linked to his wife’s family business interests, while on Friday he confirmed he only gave up a “green card” for the United States – an immigration status intended for permanent U.S. residents – after he became Britain’s finance minister in 2020.

“I am confident that such a review of my declarations will find all relevant information was appropriately declared,” Sunak said in the letter.

Geidt, who will lead the review, last year cleared Prime Minister Boris Johnson of a conflict of interest over the refurbishment of his official residence in an report that said the prime minister acted “unwisely” but had not broken the ministerial code.

(Reporting by Mrinmay Dey in Bengaluru and Alistair Smout in London; Editing by Alexander Smith and Alex Richardson)

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April 10, 2022 0 comments
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US and World News

Del Rio Sector Border Patrol Agents Arrest Two Sex Offenders

by US Border Patrol April 10, 2022
By US Border Patrol

DEL RIO, Texas – U.S. Border Patrol agents assigned to Del Rio Sector arrested two convicted sex offenders in separate groups shortly after they illegally entered the United States, April 5.

Around noon, Carrizo Springs agents apprehended a group of seven subjects. They were transported to the Eagle Pass South Border Patrol Station for processing. Record checks revealed that one subject, a Guatemalan national, Selvin Danilo Chocooj-Botzoc, was previously convicted of forcible sex abuse in the 3rd degree in Washington, in 2018.

Just before 10 p.m., agents from the Eagle Pass Station encountered a group of 15 migrants near Eagle Pass. During processing, record checks revealed that one subject, a Mexican national, Honorio Santa Maria-Vazquez, was previously convicted of sexual misconduct with a minor, in 2009, in Indiana.

Both migrants have been previously deported.  As convicted felons, they faces a charge of 8 USC § 1326 – Re-entry after Deportation, which carries a maximum sentence of up to 20 years in prison.

“Arrests like these highlight the importance of border security and what it means for American citizens,” said Del Rio Sector Chief Patrol Agent Jason D. Owens. “Border Patrol agents stand between good people and those who would do them harm. No matter the circumstances, they remain dedicated to keeping criminals like these out of the country and out of your communities.”

During fiscal year 2022, Oct. 1, 2021, through Feb. 28, Del Rio Sector agents have encountered more than 660 criminal migrants.

All subjects are processed in accordance with U.S. Customs and Border Protection policies.

To report suspicious activity, call the Del Rio Sector’s toll-free number at 1-866-511-8727.

Follow us on Facebook at US Border Patrol Del Rio Sector and on Twitter and Instagram @USBPChiefDRT and CBP on Twitter @CBPSouthTexas.

April 10, 2022 0 comments
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Breaking NewsCentral Jersey NewsFive Towns NJ NewsJackson Township NewsNew Jersey NewsOcean County NewsPolice Blotter

Department of Justice Investigating Friday’s Attacks against Orthodox Jews in Lakewood, Jackson

by Phil Stilton April 10, 2022
By Phil Stilton

LAKEWOOD, NJ – The Department of Justice has joined the investigation after attacks against Orthodox Jews living in Lakewood, and Jackson Township turned into a violent rampage.

FBI agents out of New Jersey’s Red Bank field office are now assisting local authorities, including the Ocean County Prosecutor’s Office, Ocean County Sheriff’s Department, Lakewood Police Department and Jackson Police Department.

Initially, local officials stopped short of describing the incident as a targeted attack against the Orthodox Jewish community, but today, at 3:30 pm, federal, state and local law enforcement officials are holding a press conference at Lakewood town hall to discuss the crimes, now being labeled as a targeted hate crime.

A violent crime spree that started near Martin Luther King Boulevard in Lakewood and ended a few miles away in Jackson. Police have arrested Dion Marsh, 27, of Manchester for three counts of attempted murder.

ORIGINAL REPORT

According to police, at around 1:15 pm on Friday, officers from the Lakewood Township Police Department were summoned to Martin Luther King Drive and Pine Street for a report of a carjacking.  Responding officers determined that a male suspect approached a 2016 Toyota Camry, assaulted the driver, and fled the area in the vehicle.  

An Orthodox Jewish man was removed from the vehicle by Marsh and repeatedly punched in the face. He was treated at the scene by Hatzola.

Prior to this carjacking, Marsh unsuccessfully attempted to carjack another victim, but the driver was able to escape with their vehicle unharmed.

Later in the evening, at around 6:00 pm, the Lakewood Township Police Department received a report of a pedestrian being struck by a motor vehicle in the area of Central Avenue and Carlton Avenue.  

“Responding officers discovered that a male victim had been struck by a dark-colored vehicle.  The victim was taken to Jersey Shore University Medical Center in Neptune where he is listed in stable condition,” Ocean County Prosecutor Brad Billhimer reported. “At approximately 6:55 p.m., Lakewood Township Police Officers responded to a 911 call in reference to a stabbing in the vicinity of Pine Circle Drive and Lakewood New Egypt Road.  The officers discovered a male victim with a stab wound to his chest. The victim was taken to Jersey Shore University Medical Center where he is listed in critical but stable condition.”

Later another pedestrian was struck, this time in Jackson Township.

“At approximately 8:20 p.m., Officers from the Jackson Township Police Department responded to a 911 call for a report of a pedestrian being struck by a motor vehicle in the area of Galassi Court,” Billhimer said. “Responding Officers were able to determine that the male victim had been struck by the same vehicle that was taken in the carjacking incident in Lakewood earlier in the day.  The victim was taken to Jersey Shore University Medical Center where he is listed in critical but stable condition.”

Marsh was arrested and charged with three counts of attempted murder, carjacking, unlawful possession of a weapon and three counts of bias intimidation.

All of Marsh’s victims were Orthodox Jews.

“The bias intimidation charges arose over statements Marsh made to detectives,” said Bryan Huntenburg, spokesperson for the prosecutor’s office.

Lakewood and Jackson Township have one of the largest populations of Orthodox Jews in America.

“Our investigation reveals that these criminal acts were committed throughout the day yesterday into the early evening and that Marsh was acting alone and not in concert with anyone else.  I’m grateful for the collaborative efforts of every police officer and detective that worked swiftly to identify Marsh and bring him into custody without further injury to anyone.  A tremendous job by all involved,” Prosecutor Billhimer stated.

April 10, 2022 0 comments
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Breaking NewsJersey Shore NewsMonmouth County NewsNew Jersey NewsOcean County NewsPolitics

Out of Towner Tricia Flanagan Might Get Kicked Off CD-4 Primary Ballot

by Phil Stilton April 10, 2022
By Phil Stilton

TOMS RIVER, NJ – Tricia Flanagan, a perennial Republican spoiler candidate in past Republican elections across New Jersey, doesn’t even live in the 4th Congressional District. She lives nearly 50 miles away in Lawrence Township, but that’s not even why she might be removed from the ballot in the upcoming CD-4 primary challenge of 41-year incumbent Chris Smith.

Flanagan is a perennial office seeker who doesn’t get many votes and received just 17% of votes in her last run for Senate in 2020, where she split Republican votes between the battle between Hirsh Singha and Rik Mehta.

Before that, she ran against the Republican line in the 2018 re-election of Senator Bob Hugin, getting just 0.5% of the votes.

Now, the Princeton resident running for office at the Jersey Shore, is being accused by her opponent of submitting invalid and bogus signature petitions. Flanagan submitted 243 signed petitions to get on the ballot, but Mike Crispi, her opponent, led by Lisa Natale-Contessa, a former candidate for Toms River School Board, says at least 100 of her signatures are bogus. Flanagan needs 200 to get on the ballot.

Flanagan lives in the 3rd Congressional District.

April 10, 2022 0 comments
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Breaking NewsNew Jersey NewsOcean County NewsPolitics

Trump Aligned America First Team to Challenge Chris Smith, Ocean County Establishment in June Primary

by Your News April 10, 2022
By Your News

TOMS RIVER, NJ – The Ocean County branch of the Donald J. Trump-aligned “America First” Republican organization is running for office in this June’s primary election.

At the top of the ballot, Mike Crispi, a former Right Side Broadcasting Network podcaster, is challenging 42-year congressional incumbent Chris Smith. Crispi has aligned himself with Roger Stone, former President Donald J. Trump’s 2016 campaign advisor.

Last year, Trump issued an open challenge to Chris Smith, encouraging a primary election. This year, Crispi answered that call.

On April 4, 2021, the America First Republican candidates, Ashley Lamb and Sergio A. Fossa, submitted nearly 600 signatures, officially placing them on the ballot for Ocean County Commissioner in the upcoming Republican Primary this June 7th.

The America First Republican slate is being endorsed by Roger Stone, special advisor to former President Donald J. Trump and Ronald Reagan.

Ashley Lamb, an elected member of the Toms River Board of Education, who fought tirelessly to unmask the students in our schools and maintain a balanced budget, is challenging Haines over election security and her plan of building a permanent homeless shelter in Toms River.

“Election integrity is the most important issue we face in Ocean County – Just prior to the November election, in a typical pay-to-play move, my opponent lobbied hard for the purchase of new voting machines by Dominion Voting Systems, a frequent campaign contributor to the Ocean County GOP machine,” Lamb said. “On Election Day, Ginny Haines and her Democratic allies in Brick failed to ensure basic security measures were taken to protect our mail-in ballots at the drop box. The Brick Republican candidate was just under 100 votes away from victory on Election Day only to find out the following day dozens of mail-in ballots mysteriously appeared in the box. More alarming, when faced with a lawsuit, Haines and her Democrat cohorts claimed the video surveillance footage was lost.”

Sergio A. Fossa, a Pastor, and father of four children who is also running for county commissioner said, “We need new leadership from the bottom up that stands for limited government, reduced taxes, election integrity, and religious liberty. We’ve got too many of the same old, stale, establishment Republicans who acquiesce to the left. We need to push back, similar to the way former President Donald J. Trump did upon entering the fray.”

The America First Republican team in Ocean County is hoping they can defeat the Ocean County GOP establishment candidates on June 7th.

April 10, 2022 0 comments
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Pennsylvania NewsPolice Blotter

Missing Child Reported in Philadelphia

by Kristen Harrison-Oneal April 10, 2022
By Kristen Harrison-Oneal

The Philadelphia Police Department needs the public’s assistance in locating a 10-year-old Missing Child Cailey Ford. She was last seen at 4:00 P.M., on Friday, April 8, 2022, on the 63XX block of Chew Avenue.

She is 5’0″, 130 lbs., medium build, light brown complexion, brown eyes, short braided black hair.  She was last seen wearing a black Shayla, light blue denim jacket, dark blue jeans, black Uggs and a burgundy purse.

Anyone with any information on Cailey’s whereabouts is asked to please contact Northwest Detectives Division at 215-686-3353 or 911.

April 10, 2022 0 comments
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Pennsylvania NewsPolice Blotter

Missing Person – Jieun Boyle – From the 1st District

by Kristen Harrison-Oneal April 10, 2022
By Kristen Harrison-Oneal

PHILADELPHIA, PA – The Philadelphia Police Department is trying to locate a 40-year-old missing woman, Jieun Boyle. She was last seen at 9:40 A.M. on Saturday, on East Lehigh Avenue at the Temple University Hospital-Episcopal Campus.

She is 5’0″, 100 lbs., thin build, brown eyes, and long straight black hair. She was last seen wearing a white sweater, light-colored sweatpants, blue running shoes, and glasses.

Anyone with any information on Jieun’s whereabouts is asked to please contact South Detectives Division at 215-686-3013 or 911.

April 10, 2022 0 comments
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Fire
Breaking NewsNorth Jersey NewsPolice Blotter

Prosecutor Investigating Fire that Seriously Injured Secaucus Man

by Charlie Dwyer April 10, 2022
By Charlie Dwyer

SECAUCUS, NJ – A Fire broke out in an apartment in Secaucus Friday afternoon that left a 56-year-old man with serious injuries, according to the Hudson County Regional Arson Task Force.

The Secaucus Fire Department and the Secaucus Police Department are investigating a fire at 2:34 p.m. on Friday.

“The Secaucus Fire Department received multiple smoke detector notifications from a fourth-floor residence at 777 Fifth Street. Upon arrival, the Secaucus Fire Department found heavy smoke in apartment 406 and a 56-year-old man inside the unit with life-threatening injuries,” the Hudson County Prosecutor’s Office said. “The man was transported to Hudson Regional Hospital and then transferred to the West Chester Medical Center Burn Unit where he remains in critical condition.”

The fire was contained to a single unit, and the cause and origin remain under investigation by the Hudson County Regional Arson Task Force, the Secaucus Fire Department, and the Secaucus Police Department.

April 10, 2022 0 comments
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Department of Justice Press Releases

Florida Man Arrested for Lewd Behavior on a Flight from Newark to Boston

by DOJ Press April 10, 2022
By DOJ Press

BOSTON – A Florida man was arrested today for allegedly performing a lewd act aboard an aircraft in flight from Newark to Boston on Friday, April 8, 2022.

Donald Edward Robinson, 76, of Bonita Springs, Fla., was charged by criminal complaint with one count of lewd, indecent and obscene acts while in the special aircraft jurisdiction of the United States. Robinson was arrested this morning at Boston Logan International Airport. He will make an initial appearance in federal court in Boston at a later date.

According to the charging document, on or about April 8, 2022, Robinson allegedly engaged in masturbation and exposed his penis to a 21-year-old female passenger seated next to him while onboard a flight from Newark to Boston. Robinson then placed his hand on top of the victim’s thigh without her consent.

Shortly after departure, the victim recorded a 24-second video of Robinson allegedly fondling and manipulating his penis through his pants. A short time later, it is alleged that the victim looked over and saw that Robinson had exposed his penis. Approximately five minutes before landing, Robinson allegedly placed his hand on the victim’s thigh, prompting the victim to ask why he was touching her, to which Robinson withdrew his hand and looked out the window. It is alleged that the victim then got the attention of another passenger and displayed a message on her phone, “Hi, this man assaulted me and touched my leg and is masturbating.”

During the deplaning process, the victim approached a flight attendant about the incident but was unable to point Robinson out due to the volume of passengers deplaning. It is alleged that security footage captured Robinson, upon exiting the secure area of the terminal, repeatedly looking back in the direction from which he came while proceeding to the baggage carousel level.

The charge of lewd, indecent and obscene acts while in the special aircraft jurisdiction of the United States provides for a sentence of up to 90 days in prison, up to one year of supervised release and a fine of up to $5,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

United States Attorney Rachael S. Rollins; Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; and Colonel Christopher Mason, Superintendent of the Massachusetts State Police, made the announcement today. Assistant U.S. Attorney Charles Dell’Anno of Rollins’ Major Crimes Unit is prosecuting the case.

The details contained in the complaint are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

April 10, 2022 0 comments
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