Yahoo! News: Brazil
Yahoo! News: Brazil |
- 4 takeaways from a less abrasive — but more revealing — debate between Trump and Biden
- 'A flat-out lie': Breonna Taylor attorneys seek new prosecutor after jurors speak out
- Fact check: Obama administration approved, built temporary holding enclosures at southern border
- Opposition leader flees Venezuela, heads towards Spain and the United States
- Letters to the Editor: How Pope Francis' support for civil unions gives cover to mariage equality opponents
- Turkey's Armenians 'cannot breathe' as Karabakh rhetoric rages
- Nigeria’s police order massive mobilization to ‘dominate the public space’ after unrest over SARS
- France reacts after Erdogan questions Macron's mental health
- Hundreds of protesters clash with police over coronavirus restrictions in Naples
- Fox host Lou Dobbs says 'I don't know why anyone' would vote for Sen. Lindsey Graham
- Watch a man in a garbage bag ‘suit’ set fire to garbage trucks at Broward waste center
- Kansas Man Snatched Daughters From Home Where Boys Were Found Dead: Cops
- Ex-CIA Director Brennan: 'Outrageous' for Trump to talk of inviting Saudi crown prince to D.C.
- ‘Shy’ Trump voters will power his win, says pollster who called 2016 race
- Rep. Stefanik: ‘Joe Biden Is Lying to the American People’ about Hunter’s Business Dealings
- Snow due to hit Colorado wildfire areas
- Armenian-Americans march in Miami Beach to condemn Azerbaijan, demand Artsakh liberty
- George Floyd death: A city pledged to abolish its police. Then what?
- Israel 'will not oppose' advanced US arms sales to UAE
- Trump Tells Supporters He’s Iffy on a Peaceful Transfer of Power if He Loses the Election
- Two face masks may be more protective than wearing one, but it depends on the type and fit
- Wall Street Journal’s News Side Releases A Piece Debunking Opinion Side’s Hunter Biden Screed
- Belarus and Russia will respond to external threats, Lukashenko tells Pompeo: agencies
- Two largest wildfires in Colorado history are burning at the same time, 10 miles apart
- More heavy rain is coming to South Florida and the Keys. Why, when and how much?
- Man gets 20 years for buying guns used in 2015 terror attack
- The South was a lost cause for Democrats. Now eight key Senate seats are in play.
- Evo Morales leaves Argentina for Venezuela: report
- Trump announces Sudan and Israel will normalize relations, asks Netanyahu if 'Sleepy Joe could have made this deal'
- A US Navy training aircraft crashed into an Alabama neighborhood, killing both crew members on board
- ‘Urban Warfare’ as Europe’s Second Wave Spins Out of Control
- Meat from animals not stunned before they are slaughtered must be labelled, vet association says
- 'Nothing was unethical': Biden responds to questions about his son Hunter
- Can Sen. Thom Tillis come from behind and beat Cal Cunningham in crucial NC Senate race?
- Pentagon condemns Turkish missile system test, warns of 'serious consequences'
- Trump news: President calls out ‘Barack Hussain Obama’ as supporter at Florida rally appears to make ‘white power’ symbol
- With Our Lady of Guadalupe, a California priest brings hope to farmworkers amid Covid-19
- Last Rites for Venezuela’s State-Owned Oil Company
4 takeaways from a less abrasive — but more revealing — debate between Trump and Biden Posted: 22 Oct 2020 11:10 PM PDT |
'A flat-out lie': Breonna Taylor attorneys seek new prosecutor after jurors speak out Posted: 23 Oct 2020 12:47 PM PDT |
Fact check: Obama administration approved, built temporary holding enclosures at southern border Posted: 23 Oct 2020 07:33 AM PDT |
Opposition leader flees Venezuela, heads towards Spain and the United States Posted: 24 Oct 2020 02:46 PM PDT Venezuelan opposition leader Leopoldo López escaped from the South American country and was traveling on Saturday to Spain, where he will spend time with his family before eventually heading towards the United States to continue the efforts to outs the Nicolas Maduro regime, sources close to the former political prisoner told el Nuevo Herald. |
Posted: 24 Oct 2020 03:00 AM PDT |
Turkey's Armenians 'cannot breathe' as Karabakh rhetoric rages Posted: 23 Oct 2020 02:18 AM PDT |
Nigeria’s police order massive mobilization to ‘dominate the public space’ after unrest over SARS Posted: 24 Oct 2020 11:54 AM PDT Nigeria's top police official on Saturday ordered the immediate mobilization of all officers to "reclaim the public space from criminal elements masquerading as protesters" after days of unrest and demonstrations over police abuses that left at least 69 people dead. The police order could further heighten tensions in Africa's most populous country after some of its worst turmoil in years. Nigeria's inspector general of police, M.A. Adamu, ordered colleagues to "dominate the public space" while announcing that enough is enough, a statement said. |
France reacts after Erdogan questions Macron's mental health Posted: 24 Oct 2020 12:31 PM PDT France recalled its ambassador to Turkey for consultations after Turkish President Recep Tayyip Erdogan said President Emmanuel Macron needed mental health treatment and made other comments that the French government described as unacceptably rude. Erdogan questioned his French counterpart's mental condition while criticizing Macron's attitude toward Islam and Muslims. "What is the problem of this person called Macron with Islam and Muslims?" Erdogan asked rhetorically during his Justice and Development party meeting in the central Anatolian city of Kayseri. |
Hundreds of protesters clash with police over coronavirus restrictions in Naples Posted: 23 Oct 2020 08:47 PM PDT Hundreds of protesters in Naples threw projectiles at police and set rubbish bins on fire late on Friday during a demonstration against coronavirus restrictions in the southern Italian city. Calls were issued on social media to challenge a curfew that took effect in the Campania region ahead of the weekend, enacted in response to a spiralling second wave of infections that saw nearly 20,000 new cases detected in the last 24 hours. A mostly young crowd marched through the streets of the regional capital and chanted as the curfew started at 11pm, with some lighting smoke bombs. One carried a makeshift sign that read: "If you close, you pay." |
Fox host Lou Dobbs says 'I don't know why anyone' would vote for Sen. Lindsey Graham Posted: 24 Oct 2020 11:25 AM PDT |
Watch a man in a garbage bag ‘suit’ set fire to garbage trucks at Broward waste center Posted: 23 Oct 2020 01:04 PM PDT |
Kansas Man Snatched Daughters From Home Where Boys Were Found Dead: Cops Posted: 24 Oct 2020 03:31 PM PDT Kansas police are hunting for a man they say abducted his two young daughters from a home where two boys were found dead.Donny Jackson, 40, is believed to be driving a black Honda accord, according to an Amber Alert that was issued Saturday. Cops actually had him in their grasp. Around 12:30 p.m. on Saturday, police stopped his vehicle on Highway 169 near the Oklahoma border, while the girls were in the car, but let him drive on.The reason for the traffic stop wasn't specified but it wasn't related to the abduction. It wasn't until 45 minutes later—when cops got a call from a home in Leavenworth—that they discovered the slain boys and learned that 7-year-old Nora and 3-year-old Aven were missing.The relationship between the boys and the girls is not known, but Jackson's Facebook page contains photos of two brothers posing for first day of school photos.His account is also full of postings denying the usefulness of masks during the COVID-19 pandemic and mocking the Black Lives Matter movement, religious aphorisms, conspiracy theories, and cryptic comments."When you have to lie to the mother's body to carry your seed, do not expect the abomination to succeed," one Sept. 10 comment read."Why do they call it the bible belt?" he wrote on Aug. 31. "Disciplinary action requires a belt occasionally."Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more. |
Posted: 24 Oct 2020 12:58 PM PDT |
‘Shy’ Trump voters will power his win, says pollster who called 2016 race Posted: 23 Oct 2020 01:34 PM PDT |
Rep. Stefanik: ‘Joe Biden Is Lying to the American People’ about Hunter’s Business Dealings Posted: 24 Oct 2020 08:12 AM PDT Democratic presidential nominee Joe Biden is "lying to the American people" about his son Hunter Biden's foreign business dealings, claimed Representative Elise Stefanik (R., N.Y.) on Saturday.The House Intelligence Committee member's comments came during an appearance on Fox & Friends Weekend, in which she accused the former vice president of lying when he issued his denial of wrongdoing during Thursday night's presidential debate. Stefanik detailed her experience asking each witness in President Trump's impeachment hearings whether there was a conflict of interest, or an appearance of one, created by Hunter Biden's role on the board of Ukrainian natural-gas firm Burisma Holdings during Joe Biden's time as vice president. All of the witnesses said yes, she recalled.She said the Obama administration "proactively brought this up as a conflict of interest" while preparing former U.S. ambassador to Ukraine Marie Yovanovitch for her Senate nomination. "This is Joe Biden running from his record and trying to wipe away this very clear conflict of interest," Stefanik said."This is not just a Hunter Biden scandal. This is a Joe Biden scandal, and it's not just Burisma. It's also now the Chinese Communist government and the Chinese Communist Party," she added, referring to allegations of a business arrangement between a Chinese company and the Biden family.During Thursday's debate, the former vice president claimed there was "nothing unethical" about Hunter Biden's involvement in Burisma.He said though questions had arisen over whether he had done something wrong in respect to Hunter Biden's role on the board of Burisma that, "every single solitary person, when [Trump] was going through his impeachment, testifying under oath, who worked for him said I did my job impeccably, I carried out U.S. policy, not one single, solitary thing was out of line." |
Snow due to hit Colorado wildfire areas Posted: 24 Oct 2020 03:07 PM PDT |
Armenian-Americans march in Miami Beach to condemn Azerbaijan, demand Artsakh liberty Posted: 23 Oct 2020 06:09 PM PDT |
George Floyd death: A city pledged to abolish its police. Then what? Posted: 23 Oct 2020 01:13 PM PDT |
Israel 'will not oppose' advanced US arms sales to UAE Posted: 23 Oct 2020 04:16 PM PDT |
Trump Tells Supporters He’s Iffy on a Peaceful Transfer of Power if He Loses the Election Posted: 24 Oct 2020 04:53 PM PDT President Donald Trump flirted with the possibility of an authoritarian power grab yet again Saturday, suggesting to supporters at a campaign rally that he may not commit to a peaceful transfer of power should he lose the presidential election.Speaking in Circleville, Ohio, the commander in chief pondered why he should ensure a peaceful transition when he said the previous administration treated him so unfairly: "They ask me, 'If you lose, will there be a friendly transition?' Well, when I won, did they give me a friendly transition? They spied on my campaign, they did all this stuff. That was not a friendly transition."> Trump is still teasing that if he loses, he might not acquiesce to a peaceful transition of power pic.twitter.com/tdIA1kXdzB> > — Aaron Rupar (@atrupar) October 24, 2020Trump has deflected the question before when asked by reporters, saying, "We'll see what happens." But he has not made the case for defying a transfer of power directly to supporters before. Vice President Mike Pence has joined the president in refusing to answer the question, dodging it at the vice presidential debate last week.Former President Barack Obama's administration offered assistance to Trump and his transition team in taking up residence in the White House after the 2016 election, as has been the norm for past presidencies. The two met in January 2017 to discuss the changeover.Former Vice President Joe Biden, who assisted with the transition to Trump from the Obama administration, reacted with apparent exasperation last month when Trump first refused to commit to a peaceful transfer of power if he loses: "What country are we in? Look, he says the most irrational things. I don't know what to say."In the same Ohio speech on Saturday, Trump complained extensively about television coverage, both his own now infamous 60 Minutes interview and what he said was an overemphasis on COVID-19 coverage. Trump walked out of his recent Q&A with correspondent Lesley Stahl but later posted the entire interview to his Facebook page."This 60 Minutes, she asked me a question. I printed out the whole interview, I said, put it down. She said to me, 'Why are you begging suburban women?' You said, 'Please love me, suburban women!' No, I didn't say that. I said, 'Love me, suburban woman, because I've saved the suburbs,'" he said.He also mocked those who take the COVID-19 pandemic seriously and appeared to suggest it was all part of an electoral conspiracy against him, saying, "That's all I hear about now. Turn on TV, 'Covid, Covid, Covid Covid Covid.' A plane goes down, 500 people dead, they don't talk about it. 'Covid Covid Covid Covid.' By the way, on November 4th, you won't hear about it anymore ... 'Please don't go and vote, Covid!'"The new coronavirus has killed more than 220,000 Americans this year and infected more than eight million.Obama, speaking in Miami earlier in the day, blasted Trump for trying to appear "tough.""He thinks scowling or being mean is tough, and being rude is tough, but when 60 Minutes and Lesley Stahl is too tough for you, you ain't all that tough," he said. "Miami, listen, if he can't answer a tough question like what would you like to do in your second term, then it's our job to make sure he doesn't get a second term."Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more. |
Two face masks may be more protective than wearing one, but it depends on the type and fit Posted: 23 Oct 2020 08:45 AM PDT |
Wall Street Journal’s News Side Releases A Piece Debunking Opinion Side’s Hunter Biden Screed Posted: 22 Oct 2020 09:22 PM PDT A pro-Trump writer at the Wall Street Journal's opinion section published a convoluted column Thursday evening asserting that newly released text messages proved that former Vice President Joe Biden's son Hunter was involved in an alleged pay-for-play scheme with his dad and a Chinese energy company.But just hours later, Wall Street Journal reporters published their own story that seemed to emphatically dismiss the opinion piece's conclusions, saying a review of documents by the paper revealed "no role for Joe Biden."Both the Journal's opinion section and straight news operation published their dueling stories based on text messages shared with the paper by Tony Bobulinski, a businessman who was involved in a scuttled venture with Hunter Biden in 2017 involving a Chinese oil company.In a press conference on Thursday before the second and final presidential debate, Bobulinski claimed that he had text messages on multiple phones showing that Joe Biden was a part of a discussion with his son about a business venture with a Chinese energy company.Pete Buttigieg Deftly Shuts Down Fox News' Hunter Biden SmearIn her opinion piece on Thursday, Kim Strassel argued that despite the fact that the messages were sent after Joe Biden had left office, and before he launched his presidential campaign, the texts showed that Hunter Biden "was cashing in on the Biden name" and that "Joe Biden was involved" in the plan."The former vice president is running on trust and good judgment. The Hunter tale is at best the story of a wayward son and indulgent father. At worst, it is an example of the entire Biden clan cashing in on its name with a U.S. rival," she wrote.Strassel wrote that according to the messages, one of Hunter Biden's business partners in the venture told Bobulinski, "don't mention Joe being involved, it's only when u are face to face." She also said that some messages that referred to an unnamed business partner were references to the former vice president.But according to the Wall Street Journal's own reporting, the text messages did not show the pay-for-play scheme that Strassel outlined."Text messages and emails related to the venture that were provided to the Journal by Mr. Bobulinski, mainly the spring and summer of 2017, don't show either Hunter Biden or [Joe's brother] James Biden discussing a role for Joe Biden in the venture," Journal reporters Andrew Duehren and James T. Areddy wrote.The Journal did note that Bobulinski said Hunter Biden appeared to reference his father as a potential business partner in one set of text messages, allegedly referring to him as the "big guy." Biden's team has denied that the former vice president ever was involved in business ventures with his son, and has released his tax returns, which the campaign says show no business dealings with foreign companies.The push to put the spotlight on Hunter Biden's scuttled business dealing with a Chinese energy firm has been part of a last-ditch attempt by the Trump campaign and its allies to recreate the drama of the Clinton email scandal that helped propel Trump to the White House.Earlier this week, the New York Post published a story with the alleged contents of Hunter Biden's laptop, which was provided to the tabloid by Trump's personal lawyer Rudy Giuliani. As The New York Times reported, the piece so thoroughly lacked credibility that one Post reporter refused to put his name on the story over such concerns.Giuliani acknowledged to the Times that the Post lacks certain journalistic standards, explaining that he specifically opted to give the story to the tabloid because they wouldn't "spend all the time they could to try to contradict it before they put it out." And later this week, the president's lawyer admitted that even if his claims about Hunter Biden are not accurate, "the American people are entitled to know it."While other outlets have steered clear of the story because of questions about the validity of the text messages and how they were obtained, earlier this month, Trump hinted that the Wall Street Journal was preparing to drop a major story about Hunter Biden, sparking rumors about the contents of the Journal's story.Thursday's dust-up wasn't the first time in recent months that the paper's reporting staff has seemed to be at odds with its right-leaning opinion section.In June, 280 Wall Street Journal and Dow Jones staffers sent a letter to the publisher of the paper saying the opinion section's "lack of fact-checking and transparency, and its apparent disregard for evidence, undermine our readers' trust and our ability to gain credibility with sources."Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more. |
Belarus and Russia will respond to external threats, Lukashenko tells Pompeo: agencies Posted: 24 Oct 2020 08:39 AM PDT Belarus President Alexander Lukashenko told U.S. Secretary of State Mike Pompeo in a phone call on Saturday that Belarus and Russia were ready to respond jointly to external threats, Russian agencies quoted Belarus state media as saying. Lukashenko, who is holding on to power despite major protests in recent weeks calling for him to resign, is facing the prospect of a national strike that could begin on Monday following an ultimatum set by opposition leaders. |
Two largest wildfires in Colorado history are burning at the same time, 10 miles apart Posted: 23 Oct 2020 10:34 AM PDT |
More heavy rain is coming to South Florida and the Keys. Why, when and how much? Posted: 24 Oct 2020 06:05 AM PDT |
Man gets 20 years for buying guns used in 2015 terror attack Posted: 23 Oct 2020 08:22 AM PDT The man who bought two rifles that husband-and-wife assailants used to kill 14 people in a Southern California terror attack nearly five years ago was sentenced Friday to 20 years in prison. Enrique Marquez Jr. supplied the weapons that Syed Rizwan Farook and Farook's wife, Tashfeen Malik, used on Dec. 2, 2015, to open fire on a meeting and holiday gathering of San Bernardino County employees who worked with Farook. Minutes later, a post on a Facebook page associated with Malik pledged allegiance to the leader of the Islamic State terror group. |
The South was a lost cause for Democrats. Now eight key Senate seats are in play. Posted: 24 Oct 2020 03:01 AM PDT |
Evo Morales leaves Argentina for Venezuela: report Posted: 23 Oct 2020 07:31 PM PDT |
Posted: 23 Oct 2020 11:25 AM PDT President Trump on Friday announced that Israel and Sudan will normalize relations -- and in the process unsuccessfully sought an attack on his Democratic opponent from Israeli Prime Minister Benjamin Netanyahu. The White House on Friday said that Israel and Sudan "have agreed to the normalization of relations," touting this as a "historic agreement" and calling it "another major step toward building peace in the Middle East." Trump spoke in the Oval Office about the agreement, with Netanyahu joining him over the phone, and got in a dig at Democratic presidential nominee Joe Biden."Do you think Sleepy Joe could have made this deal, Bibi?" Trump asked Netanyahu. "Sleepy Joe. Do you think he would have made this deal? Somehow, I don't think so."But Trump didn't get what he was apparently looking for from Netanyahu, who ignored the question about Biden entirely and avoided going after the former vice president. "Well, Mr. President," Netanyahu responded, "one thing I can tell you is we appreciate the help for peace from anyone in America." > Trump has Israeli Prime Minister Benjamin Netanyahu on speaker phone to discuss a deal normalizing relations between Israel and Sudan. He asks: "Do you think Sleepy Joe could have made this deal?"> > Netanyahu: "We appreciate the help for peace from anyone in America" pic.twitter.com/OtCAL37m8e> > -- CBS News (@CBSNews) October 23, 2020More stories from theweek.com Trump loses on the merits Who won the final 2020 debate? Call it a draw. Get ready for Trump TV, America |
A US Navy training aircraft crashed into an Alabama neighborhood, killing both crew members on board Posted: 24 Oct 2020 03:15 AM PDT |
‘Urban Warfare’ as Europe’s Second Wave Spins Out of Control Posted: 24 Oct 2020 05:37 AM PDT ROME—A few hours after the regional governor of the Italian region of Campania where Naples is located announced he would be locking down the entire province to mitigate the spread of COVID-19, Neapolitans took to the streets Friday night to defy the order. The situation quickly turned into what one police official likened to urban warfare with protesters lighting dumpsters and ducking teargas being lobbed by police. All the while, the mostly maskless, yelling crowd undoubtedly spread coronavirus even more.Europe is very much out of control when it comes to its second wave, with every single nation in the 27-member zone struggling in a race against time as hospitals fill up and death tolls—which are substantially less than the first wave so far— continue to rise. Millions of people are facing harsh new restrictions as governments play what amounts to whack-a-mole to try to stop the spread of the virus they thought just a few months ago they had defeated. Improved testing in many countries has painted a clearer picture of just how widespread the pandemic is, but because of the number of new infections, systems to contact trace have been overwhelmed, making the spread impossible to control.The U.S. is in Denial Over the Coronavirus Pandemic as Europe Struggles With Second WaveFrance has expanded its Draconian curfew that has stifled Parisian nightlife and put a massive dent in the hospitality sector economy of one of the most vibrant cities in the world. Now 46 million French people will have to be home by 9 p.m. In Wales, a two-week "firebreak" started Friday, meaning everyone but essential workers has to be home by 6 p.m. The Czech Republic has just reached the dubious honor of having the most cases per capita in Europe with 1,148 cases per 100,000 residents, with Belgium and the Netherlands close behind. Ireland is under a six-week lockdown and Slovakia has vowed to test every single citizen to try to mitigate the spread. The Polish president has just tested positive and Germany reached 10,003 COVID-related deaths as the infection rate continues to rise. Filming of Mission Impossible 7 with Tom Cruise has been suspended in Venice as cases there reach record levels. And the Italian government is facing calls by 100 top scientists to mandate strict new measures in the next two or three days, or the outcome could be catastrophic.And it is still only October.Europe's problems are dire, and citizens are angry that their governments have not been able to come up with any better plan than locking down, which puts already weak economies that were so badly hurt in the first wave of the pandemic at even greater risk of collapse. Ludovic Subran, the chief economist at Allianz warned last week of a high risk serious recession across Europe as new restrictions are put in place. "We see an elevated risk of a double dip recession in countries that are once again resorting to targeted and regional lockdowns," he said, adding that the European Union's first bailout $880 billion won't likely go to growth but be used by many countries like Italy, Spain and Greece to just stay afloat.On Saturday, the group Save Our Rights U.K. is holding a massive demonstration in London to protest not only restrictions being enforced by the British government, but the overall handling of the pandemic, pointing to contact tracing and other means to track the spread of the coronavirus as an affront to privacy. "We believe that the coronavirus regulations that are in place are not proportionate and appropriate, and are causing more harm than good," Louise Creffield, the group founder told the Guardian. "We are very concerned with protecting people's human rights: right to privacy, family life, bodily autonomy, medical freedoms, and so on. We are not just concerned with lockdowns per se, we are concerned with the infringements with our privacy by having this track and trace everywhere."Similar sentiments are now common across Europe, where pandemic fatigue is now evident. And with lack of a feasible containment plan anywhere, the people are angry, desperate and increasingly ambivalent about what is really at stake: thousands of lives.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more. |
Meat from animals not stunned before they are slaughtered must be labelled, vet association says Posted: 24 Oct 2020 04:48 AM PDT Meat that comes from animals which are not stunned before they are killed must be labelled, the British Veterinary Association (BVA) has said. Without new labelling rules, consumers risk unwittingly eating meat from animals suffering "unnecessary pain" before their death. Until now the BVA, which represents 18,000 vets, has campaigned for an outright ban on the "cruel practice" of religious slaughter - which involves killing live animals with a sharp knife before allowing them to bleed to death. A ban remains their goal but the professional body has adopted a new pragmatic approach believing it has more chance persuading ministers to introduce "no stun" labels. James Russell, new BVA president, said: "Our concern is that every animal should have a good life with the highest welfare through life up to the point of death. "But we just don't know the destination of meat from some of this we animals that are killed without stunning and we believe it should be labelled. "We don't know where fresh meat on sale at counters and butchers' shops comes from and we don't know whether 'no stun' meat is used in some pies, ready meals or other meat products." Meat sold under certified assurance labels such as the Red Tractor, Quality Meat Scotland, RSPCA Assured and the Soil Association requires animals to be stunned before slaughter. But as there is no legal requirement to label this meat, it is unclear how much meat from animals that aren't stunned goes on general sale. A Food Standards Agency report last year however suggested some was entering the wider food chain. Dr Amir Masoom, chief executive the Halal Food Authority, supporting the BVA said: "We would like to see all halal meat and meat products labelled 'stun' or 'no stun' so that consume can make an informed choice when they buy in shops." While Schechita UK, which represents the Jewish community, supports the consumer rights to know, spokesman Shimon Cohen criticised the proposed labelling as "one-dimensional." He said: "If consumer information is the goal, consumers should be informed of the manner of stunning at slaughter - captive bolt shooting, asphyxiation by gas, electrocution by tongs or electric water bath, or any other approved methods, including Jewish and Muslim slaughter." The Department for Environment, Food and Rural Affairs, said: "We respect the rights of Jewish and Muslim communities to eat meat prepared in accordance with their beliefs and expect the food industry to provide consumers with all the information they need to make informed choices. "The Government has committed to a serious and rapid examination of the role of labelling in promoting high food and animal welfare standards across the UK market and to consult on this at the end of the transition period." |
'Nothing was unethical': Biden responds to questions about his son Hunter Posted: 22 Oct 2020 07:14 PM PDT |
Can Sen. Thom Tillis come from behind and beat Cal Cunningham in crucial NC Senate race? Posted: 23 Oct 2020 04:09 PM PDT |
Pentagon condemns Turkish missile system test, warns of 'serious consequences' Posted: 23 Oct 2020 12:15 PM PDT |
Posted: 23 Oct 2020 05:57 PM PDT |
With Our Lady of Guadalupe, a California priest brings hope to farmworkers amid Covid-19 Posted: 23 Oct 2020 12:49 PM PDT |
Last Rites for Venezuela’s State-Owned Oil Company Posted: 23 Oct 2020 03:30 AM PDT Venezuela is in the throes of an unprecedented economic collapse. Oil, Venezuela's lifeblood, is being mismanaged by Petróleos de Venezuela (PDVSA), the country's state-owned oil company. Faced with dwindling revenue from PDVSA, the government has relied on its central bank to finance public expenditures. To satisfy these demands, the Banco Central de Venezuela has turned on the printing presses, and, as night follows day, hyperinflation has reared its ugly head again.In total, there have only been 62 episodes of hyperinflation in history. Venezuela, along with Lebanon, is one of only two countries currently experiencing hyperinflation. Today, Venezuela's annual inflation rate is 2,275 percent per year, the highest in the world.How could this be? After all, Venezuela has the largest proven crude-oil reserves in the world. At 303.81 billion barrels, they are larger even than Saudi Arabia's, which stand at 258.6 billion barrels. Considering the extent of the country's resources, it might strike most people as surprising that Venezuela's hyperinflation is linked to the mismanagement of PDVSA, a state-owned enterprise (SOE). But PDVSA dominates the Venezuelan economy and accounts for 99 percent of Venezuela's foreign-exchange earnings. In a sense, PDVSA is the Venezuelan economy, and even by SOE standards, the company is grossly mismanaged.Under the direction of Luis Giusti in the 1994–98 period, PDVSA's production soared. This trend changed in 1999, when Hugo Chavez became Venezuela's president and introduced Chavismo as the country's guiding economic doctrine. Venezuela's oil output began to stagnate, a situation that worsened further after the coup attempt of April 2002. Chavez responded with mass purges of PDVSA's employees, replacing them with "reliable" hands — those loyal to Chavez's socialist regime.After the 2002–03 output plunge, Venezuela's oil production temporarily recovered. However, with the death of Chavez and Nicolas Maduro's assumption of the presidency in March 2013, another output plunge began. This trend has left Venezuela's output drastically lower than when Chavez took power in 1999 (see the chart below).In addition to the reduction in PDVSA's crude oil output, its physical capital has been consumed at an unsustainably rapid rate, with capital expenditures far below the value of equipment that is being consumed each year by depreciation and amortization.There has also been a drop in the stock and quality of PDVSA's human capital. In 2017, President Nicolas Maduro named a National Guard general, Manuel Quevedo, the leader of PDVSA, despite his having no industry experience. Quevedo was soon ousted by Asdrubal Chavez, a cousin of Hugo Chavez, in late April 2020 despite the new leader's international reputation as a drug lord.Unsurprisingly, PDVSA's chronic mismanagement has been accompanied by a recent collapse in the number of operational oil-drilling rigs in the field (see the chart below). Indeed, it has been reported that, as of August 2020, PDVSA has no operational oil rigs.If all that isn't bad enough, equipment breakdowns and increased accident rates have contributed further to long downtimes and output declines. As of October 1, 2020, PDVSA had reported 42 accidents and incidents since 2003, costing the SOE approximately 580 days of production. Because many of PDVSA's blunders go unreported, and many of the mismanagement incidents (such as the sinking of the natural gas exploration rig "Aban Pearl") cannot be quantified in terms of days lost, the true number of days in which PDVSA's production has been hampered due to mismanagement is undoubtedly much higher than reported figures.PDVSA's decreased output is not due to dwindling oil reserves, but instead due to a reduction in its depletion rate. The depletion rate — the rate at which oil companies are depleting their proven reserves — provides the key to understanding the economics of an oil company and the value of its reserves.Venezuela's depletion rate has been falling rapidly since 2007 (see the first chart). In 2019, it sat at 0.121 percent per year, indicating that it would take 569.41 years for PDVSA to tap half of its reserves.This has noteworthy economic implications. Because of positive time preference and discounting, the value of a barrel of oil produced today is higher than the value of a barrel of oil produced in the future, provided the price of oil remains the same. Given Venezuela's incredibly low depletion rate, its reserves are essentially worthless because they are left in the ground for too long.To put Venezuela's depletion rate into perspective, consider Exxon, one of the world's largest oil companies. At the end of 2019, Exxon's depletion rate was 6.53 percent per year —comparable to that realized by most major oil companies. That rate implies that it would take 10.25 years for Exxon's oil reserves to be halfway depleted. That is 559.16 years earlier than when PDVSA would deplete half of its reserves. If we discount at 10 percent, the median value of Exxon's reserves is worth 37.65 percent of their wellhead value (the value that the producer would receive if the oil was sold at the wellhead and not distributed further downstream) — not zero, as is the case for PDVSA.Thanks to Venezuela's embrace of socialism and Chavismo, PDVSA has probably destroyed more economic value than any institution in world history. This brings back memories of President George W. Bush's infamous remark that "this sucker could go down." It's no surprise that the clergy are preparing to administer PDVSA's last rites. |
You are subscribed to email updates from Yahoo News - Latest News & Headlines. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
0 条评论:
发表评论
订阅 博文评论 [Atom]
<< 主页