The risk of a steep slide in China’s economy has reduced, the head of a government research center said on Sunday, adding the country had moved through an “L-shaped” pattern of slowing to now “horizontal” growth.

China’s economy grew 6.7 percent last year, according to the government, the slowest pace in 26 years. The country met its growth target with support from record bank loans, a speculative housing boom and billions in government investment.

But as Beijing moves to cool the housing market, slow new credit and tighten its purse strings, China will have to depend more on domestic consumption and private investment.

The government last week trimmed its economic growth target to about 6.5 percent for this year. Li Wei, the director of the Development Research Center of the State Council, China’s cabinet, said many positive economic signs were emerging domestically and internationally, and the risk of a large slide in economic growth had “clearly lowered”.

China’s economic development has gone from a “downward stroke in the L-shape to the horizontal stroke,” the official Xinhua news agency said, citing Li’s comments on the sidelines of China’s annual session of parliament.

The horizontal trend points to long-term steady development, but does not eliminate the possibility of short-term fluctuations, or mean the economic transformation is complete, Li said.

“Our economy still has many difficulties to resolve, so we must prepare to respond to the emergence of possibly relatively large risks,” Li said.

Earlier on Sunday, a vice chairman of the state economic planner said China’s industrial output grew more than 6 percent in January and February, and that the survey-based unemployment rate in 31 major cities was about 5 percent for the two months.

National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe gave the approximations, which were in line with expectations for official data set to be issued on Tuesday.

Fixed asset investment growth kept pace with the final few months of last year, Ning said.

“China’s economic growth still mainly relies on domestic demand,” he said.

January and February data will be released together in a bid to smooth out seasonal factors caused by the timing of the long Lunar New Year holidays, which began in late January this year but fell in February last year.

China unexpectedly posted its first trade gap in three years in February as a construction boom pushed imports much higher than expected. That upbeat import reading reinforced the growing view that economic activity in China picked up in the first two months of the year.
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From: MeNeedIt

On Feb. 19, 2016, at a campaign rally in North Charleston, South Carolina, then-candidate Donald Trump gave a stump speech in which he railed against American jobs moving to Mexico: “We lose our jobs, we close our factories, Mexico gets all of the work,” he said. “We get nothing.” 

That same day a law firm in Mexico City quietly filed on behalf of his company for trademarks on his name that would authorize the Trump brand, should it choose, to set up shop in a country with which he has sparred over trade, migration and the planned border wall. 

The Trump trademarks have now been granted by the Mexican Institute of Industrial Property (IMPI). Records show the last three were approved February 21, just more than a month after Trump took office, and a fourth was granted October 6, about a month before the U.S. election.

Recent trademark approvals

Trump’s company has notched several trademark wins recently. The Associated Press reported Wednesday that the Chinese government recently granted preliminary approval for 38 trademarks to Trump and a related company. 

That sparked outrage from some Democratic senators and critics, who have been pushing Trump to sever financial ties with his global businesses to avoid potential violations of the emoluments clause of the U.S. Constitution, which bars federal officials from accepting anything of value from foreign governments unless approved by Congress.

The Mexican trademarks cover a broad range of business operations that can roughly be broken down into construction; construction materials; hotels, hospitality and tourism; and real estate, financial services and insurance. They are all valid through 2026.

The same four trademarks were previously held in the name of Donald J. Trump and expired in 2015, a year before the new applications. The new approvals list the trademark owner as the company DTTM Operations LLC, with an address in the Trump Tower on Fifth Avenue in New York.

No new deals abroad

As president, Trump has handed management of his business to his two adult sons and vowed to strike no new deals abroad while he is in office. However critics say questions remain about possible conflicts of interest, noting that foreigners could still seek to influence Trump by helping his existing foreign operations or by easing the way for future ones after he leaves the Oval Office.

Trump Organization General Counsel Alan Garten said the Mexican government’s decision was not a special favor to the president.

“We’re not being granted anything we didn’t have before,” he said. The original trademarks came “years before (Trump) even announced his candidacy.”

Garten said the Mexican trademarks originally had two purposes: laying the ground for possible new ventures and keeping other people from using Trump’s name for their own businesses. 

He said the trademarks are wholly defensive now.

“Circumstances have changed,” Garten said. “He’s been elected and we agreed not to do foreign deals.”

Ethical gray area 

Richard Painter, the chief White House ethics lawyer under George W. Bush, said the Mexican grants are in an ethical gray area: defensive in nature now, perhaps, but setting the president up to profit when he leaves office.

“To what extent is this appropriate? I don’t know,” Painter said. “We never had Obama running around the world locking up his name, or Bush.”

Intellectual property lawyer Enrique Alberto Diaz Mucharraz is listed on the trademark filings. A junior partner at the Mexico City law firm Goodrich Riquelme y Asociados, he declined to comment citing client confidentiality rules. Phones rang unanswered at the public relations office of IMPI, and there was no response to an emailed request for comment on a list of questions. 

Trademarks can prove enormously valuable to companies, especially in countries with a growing number of middle class consumers who recognize the brand, said Ashwinpaul C. Sondhi of A.C. Sondhi & Associates, an investment consultancy in Safety Harbor, Florida.

Why do business in Mexico?

Mexican political analyst Alejandro Hope said IMPI is generally considered to be apolitical and the trademark concession was most likely a technical decision. 

More remarkable, Hope said, was that the application was filed during a heated campaign when “he had already started using Mexico as a pinata” for political purposes. 

“What I find striking is that these guys were thinking about doing business in Mexico while they were trashing Mexico on the campaign trail,” Hope added.

Spotty business record

Last decade he and his children aggressively promoted a luxury hotel and condo development with the Trump name on it that was planned for the northern Baja California coast, near Tijuana. In December 2006, 188 units were sold for $122 million during an event at a hotel in San Diego. 

But the Trump Ocean Resort Baja Mexico project collapsed, and dozens of buyers who had lost their 30 percent deposits sued in March 2009. Trump settled out of court in November 2013 for an undisclosed sum; in a separate settlement the previous year, developer Irongate, which had licensed the Trump name, agreed to pay the buyers $7.25 million. 

On the Caribbean island of Cozumel, near Cancun, Trump tried in 2007 to purchase land for a luxury resort complete with an airstrip and golf course, according to Mexican media reports. It met with local and environmental opposition, and never went anywhere. 

Unpopular in Mexico

In all, Trump controls at least 20 trademarks in Mexico, including for Trump Ocean Resort and Trump Isla Cozumel. Others cover activities such as concierge and spa services, alcoholic beverages, golf club operations and home furnishings. For clothing, there’s the Donald J. Trump Signature Collection. 

If there are plans to take the Trump brand to Mexico, it could be tough going because of widespread popular anger toward the president for his comments disparaging Mexican immigrants who come to the United States illegally, his threats to tear up the North American Free Trade Agreement and his vows to make Mexico pay for the border wall. 

Hope said that if a Trump hotel were in the cards, its prospects could depend a lot on location. 

“In Mexico City, I guess they would face a lot of political backlash at this point,” Hope said. Maybe it would fly in more politically insulated areas, like the beach resorts of Cancun or Los Cabos. “But even that would be a hard sell.” 
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From: MeNeedIt

A leopard showed up in London this week, sharing space with the lions of Trafalgar Square. The cat was no more real than the famous bronze lions and was there to point out that big cats like leopards and lions are in trouble all around the world. VOA’s Kevin Enochs reports.
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From: MeNeedIt

An emerging foodscape frontier offers opportunity for anyone to grow and eat organic. Brie Arthur shows Maryland residents how to grow food plants alongside flowers and shrubs as a way to increase bio-diversity and feed the community. Bronwyn Benito has the story.
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From: MeNeedIt

Sharing services are a growing trend in 21st economies. In London, the Spacehop website provides a marketplace where people who have unused living spaces can meet those looking for short-term work places. VOA’s Faiza Elmasry has more. Faith Lapidus narrates.
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From: MeNeedIt

Two people are critically sick in San Francisco after drinking tea from the same Chinatown herbalist. 

The tea leaves bought at Sun Wing Wo Trading Company contained the plant-based toxin aconite, the Department of Public Health said Friday. 

A man in his 50s last month and a woman in her 30s this month became critically ill within an hour of drinking the tea, and both remain hospitalized, health officials said. 

Each person grew weak then had life-threatening abnormal heart rhythms that required resuscitation and intensive care. 

Aconite, also known as monkshood, helmet flower and wolfsbane, is used in Asian herbal medicines. But it must be processed properly to be safe. 

Health officials are working to find the original source of the tea leaves, and they are warning others to stop consuming it.

“Anyone who has purchased tea from this location should not consume it and should throw it away immediately,” said Dr. Tomás Aragón, health officer for the city and county of San Francisco. “Aconite poisoning attacks the heart and can be lethal.”
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From: MeNeedIt

Thousands of Native Americans from across the Unites States marched in Washington to protest President Donald Trump’s decision to advance the construction of the Keystone XL Pipeline and Dakota Access oil pipelines. VOA’s Penelope Poulou has more.
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From: MeNeedIt

You’ve heard of Hollywood, Bollywood and Nollywood, but have you heard of Eastleighwood? Eastleigh is a primarily Somali district of Nairobi known to some as little Mogadishu. A group of young people there has been making films to counter stereotypes and radicalization. Rael Ombuor has the story for VOA from Nairobi.
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From: MeNeedIt

The first jobs report on President Donald Trump’s watch is a good one. The private sector added 235,000 jobs in February, more than expected, and a sign that the economy and consumer confidence are healthy. But the jobs report also means that higher borrowing costs, for consumers and businesses, are expected in the coming days and weeks. Mil Arcega reports.
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From: MeNeedIt

Humankind wastes a lot of energy, but thanks to new technologies, it is increasingly affordable to harvest and use it. At a recent energy summit in Washington, one of the participating commercial firms exhibited photovoltaic cells that turn waste heat into electricity. VOA’s George Putic reports.
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From: MeNeedIt

A new visitors’ center on the Eastern Shore explores the history of one of Maryland’s most famous figures, the Underground Railroad conductor, abolitionist and Civil War spy Harriet Tubman.

The $21 million Harriet Tubman Underground Railroad Visitor Center is in Church Creek, about a two-hour drive from Baltimore. It opens Saturday to the public, four years after its groundbreaking.

Free events scheduled for the grand opening weekend include children’s activities, presentations by a Tubman re-enactor, tours of a legacy garden that will discuss escape methods used by Tubman, and talks by rangers and others.

A ribbon-cutting was held at the site on Friday, designated by the U.S. Congress in 1990 as Harriet Tubman Day. Tubman died on March 10, 1913, at a home for the elderly she founded in Auburn, New York.

Tubman’s great-great-niece, Valerie Manokey, attended the ribbon-cutting and said she feels “pride, honor, love and resolution,” now that the center is opening.

“We made it,” said Manokey, who is 81 and lives in nearby Cambridge, Maryland. “And I am truly proud to say: ‘Yes, I am the niece of Harriet Tubman.”

History

Visitors will see a short video introduction to Tubman’s life and her formative years in Maryland. A permanent exhibit focuses on Tubman and the Underground Railroad resistance movement in Maryland, including Tubman’s brutal treatment at the hands of slave owners, her escape to freedom, and her later rescues of hundreds of slaves.

The center consists of four connected buildings depicting Tubman in sculpture during different stages of life, from her youth to her work on the Underground Railroad. Videos and panel illustrations on the walls tell of her strong sense of family, community and religious faith. Her roles in the Civil War as a nurse, scout and spy are represented. The center also has a shop and a research library.

Looking at Tubman

The center includes a new bronze bust of a youthful Tubman, who was born as a slave named Araminta Ross in 1822 in Madison, about 10 miles away. The bust is displayed on a pedestal so that the top of the head reaches her height – just 5 feet tall. The base includes wood from a former Maryland landmark – the 460-year-old Wye Oak – and a cedar tree.

The bust was made by Eastern Shore artist Brendan Thorpe O’Neill, who studied photos of Tubman in her 60s, then sought to show how she would have appeared when younger. Thorpe sculpted another bust of Tubman in 2014 for display at Government House, the governor’s mansion in Annapolis.

What She Saw

The visitor center is on a 17-acre site next to the Blackwater National Wildlife Refuge . It includes sweeping views of the marshy refuge, and paths through a landscape that has changed little since Tubman’s time in the early to mid-1800s. It preserves routes she likely would have navigated as an adult leading other slaves to freedom.

Journeys, Old and New

The visitor center is a gateway to the Harriet Tubman Underground Railroad Byway, a self-guided driving tour. The route includes 125 miles of countryside and shoreline in Maryland’s Dorchester and Caroline counties. It offers 36 points of interest, including places where Tubman lived and historically significant sites related to the Underground Railroad.

Visiting

The center is managed in a partnership of the Maryland Park Service and the National Park Service, and is a sister park to the Harriet Tubman National Historical Park in Auburn.

This new center includes environmentally friendly elements, such as rain barrels, vegetative roofs and bio-retention ponds. A 2,600-square-foot pavilion outside has a stone fireplace and picnic tables. It’s open daily from 9 a.m. to 5 p.m., except on Thanksgiving, Christmas and New Year’s Day. There is no entry fee. A park website says there are no food or drink options at the site, but visitors are welcome to pack lunch or snacks and use the water fountains.
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From: MeNeedIt

U.S. employers are thought to have hired at a brisk pace in February, and the unemployment rate is expected to stay low, a result that would provide further evidence of a consistently solid job market.

Economists have forecast a job gain of 186,000 and a decline of one-tenth of a percentage point in unemployment to 4.7 percent, according to data provider FactSet. With employers competing to hire a dwindling supply of applicants and higher minimum wages taking effect in some states, average pay is also thought to have risen.

The Labor Department will release the February jobs report at 8:30 a.m. Eastern time.

If the economists’ forecasts prove roughly correct, the Federal Reserve will almost surely feel confident enough to resume raising interest rates when it meets next week. It would mark the Fed’s third rate hike in 15 months, a reflection of how far the economy has come since the Great Recession ended nearly eight years ago.

Jobs report for Trump

Friday’s report will also be the first to cover a full month under President Donald Trump. Trump has tweeted cheerfully about a survey of private-sector hiring released earlier this week that suggested a robust job gain in February. 

That survey, by payroll provider ADP, concluded that private employers added 298,000 jobs in February, the biggest monthly gain in three years. Construction companies hired the most workers in 11 years and manufacturers the most in five, ADP found. 

The surge in construction jobs likely reflected unseasonably warm February weather, particularly in the North, which kept job sites open that would otherwise have been shut down by winter weather. If warm weather boosted the pace of construction hiring in Friday’s government report, other weather-sensitive industries, like retail and restaurants, will likely also show sharp job gains. 

Jobs market healthy

Apart from any effects of unusual weather, much evidence suggests that the U.S. job market is fundamentally healthy or nearly so. The number of people seeking first-time unemployment benefits, a rough proxy for the pace of layoffs, reached a 44-year low two weeks ago. 

And in January, employers added a vigorous 227,000 jobs, according to the government’s figures, higher than last year’s monthly average of 187,000.

Business and consumer confidence has soared since the presidential election, with many business executives saying they expect faster economic growth to result from Trump’s promised tax cuts, deregulation and infrastructure spending. 

The U.S. economy is also benefiting from steadier economies overseas. Growth is picking up or stabilizing in most European countries as well as in China and Japan. The 19-nation alliance that uses the euro currency expanded 1.7 percent in 2016, an improvement from years of recession and anemic growth. Germany’s unemployment rate has fallen to 3.9 percent, although in crisis-stricken Greece, unemployment remains a painful 23 percent.

Wages rising

In the United States, employers have been hiring solidly for so long that in some industries, they’re being compelled to raise pay. Hourly wages for the typical worker rose 3.1 percent in 2016, according to a report Thursday by the Economic Policy Institute. That’s much higher than the 0.3 percent average annual pay gain, adjusted for inflation, since 2007, the EPI said. 

Minimum wage increases last year in 17 states and Washington, D.C., helped raise pay among the lowest-paid workers, the EPI found. Pay increases for the poorest 10 percent of workers were more than twice as high in states where the minimum wage rose as in states where it did not. 

U.S. builders are breaking ground on more homes, and factory production has recovered from an 18-month slump, fueling growth and hiring. In February, manufacturing expanded at the fastest pace in more than two years, according to a trade group. Businesses have stepped up their purchases of industrial equipment, steel and other metals, and computers.

And in January, Americans bought homes at the fastest pace in a decade despite higher mortgage rates. That demand has spurred a 10.5 percent increase in home construction in the past 12 months. 
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From: MeNeedIt