The top U.S. trade official said Wednesday that a new trade agreement with China is not yet close to being completed. State Department correspondent Nike Ching reports from Washington on the latest in the talks and how U.S. concerns over high-tech issues remain a key point of friction. VOA Mandarin reporter Yihua Lee contributes.
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From: MeNeedIt

As Walmart moves to phase out its familiar blue-vested “greeters” at 1,000 stores nationwide, disabled workers who fill many of those jobs say they’re being ill-treated by a chain that styles itself as community-minded and inclusive. 

Walmart told greeters around the country last week that their positions would be eliminated on April 26 in favor of an expanded, more physically demanding “customer host” role. To qualify, they will need to be able to lift 25-pound (11-kilogram) packages, climb ladders and stand for long periods. 

That came as a heavy blow to greeters with cerebral palsy, spina bifida and other physical disabilities. For them, a job at Walmart has provided needed income, served as a source of pride and offered a connection to the community.  

Customer backlash

Now Walmart, America’s largest private employer, is facing a backlash as customers rally around some of the chain’s most highly visible employees. 

Walmart says it is striving to place greeters in other jobs at the company, but workers with disabilities are worried.  

Donny Fagnano, 56, who has worked at Walmart for more than 21 years, said he cried when a manager at the store in Lewisburg, Pa., called him into the office last week and told him his job was going away.  

“I like working,” he said. “It’s better than sitting at home.” 

Fagnano, who has spina bifida, said he was offered a severance package. He hopes to stay on at Walmart and clean bathrooms instead. 

Walmart greeters have been around for decades, allowing the retail giant to put a friendly face at the front of its stores. Then, in 2016, Walmart began replacing greeters with hosts, adding responsibilities that include helping with returns, checking receipts to deter shoplifters and keeping the front of the store clean. Walmart and other chains have been redefining roles at stores as they compete with Amazon.  

The effect of the greeter phase-out on disabled and elderly employees — who have traditionally gravitated toward the role as one they were well-suited to doing — largely escaped public notice until last week, when Walmart launched a second round of cuts. 

As word spread, first on social media and then in local and national news outlets, outraged customers began calling Walmart to complain. Tens of thousands of people signed petitions. Facebook groups sprang up with names like “Team Adam” and “Save Lesley.” A second-grade class in California wrote letters to Walmart’s CEO on behalf of Adam Catlin, a disabled greeter in Pennsylvania whose mother had written an impassioned Facebook post about his plight. Walmart said it has offered another job to Catlin. 

In Galena, Ill., hundreds of customers plan to attend an “appreciation parade” for Ashley Powell on her last day of work as a greeter. 

“I love it, and I think I’ve touched a lot of people,” said Powell, 34, who has an intellectual disability. 

‘What am I going to do?’

In Vancouver, Wash., John Combs, 42, who has cerebral palsy, was devastated and then angered by his impending job loss. It had taken his family five years to find him a job he could do, and he loved the work, coming up with nicknames for all his co-workers. 

“What am I going to do — just sit here on my butt all day in this house? That’s all I’m going to do?” Combs asked his sister and guardian, Rachel Wasser. “I do my job. I didn’t do anything wrong.” 

Wasser urged the retailer to “give these people a fair shake. … If you want to make your actions match your words, do it. Don’t be a wolf in sheep’s clothing.” 

With the U.S. unemployment rate for disabled people more than twice that for workers without disabilities, Walmart has long been seen as a destination for people like Combs. Advocacy groups worry the company is backsliding.  

“It’s the messaging that concerns me,” said Gabrielle Sedor, chief operations officer at ANCOR, a trade group representing service providers. “Given that Walmart is such an international leader in the retail space, I’m concerned this decision might suggest to some people that the bottom line of the company is more important to the company than inclusive communities. We don’t think those two are mutually exclusive.” 

The greeter issue has already prompted at least three complaints to the U.S. Equal Employment Opportunity Commission, as well as a federal lawsuit in Utah alleging discrimination under the Americans with Disabilities Act. Under the federal law, employers must provide “reasonable” accommodations to workers with disabilities. 

Walmart did not disclose how many disabled greeters could lose their jobs. The company said that after it made the change at more than 1,000 stores in 2016, 80 percent to 85 percent of all affected greeters found other roles at Walmart. It did not reveal how many of them were disabled. 

This time, Walmart initially told greeters they would have 60 days to land other jobs at the company. Amid the uproar, the company has extended the deadline indefinitely for greeters with disabilities. 

“We recognize that our associates with physical disabilities face a unique situation,” Walmart spokesman Justin Rushing said in a statement. The extra time, he said, will give Walmart a chance to explore how to accommodate such employees. 

Offers made

Walmart said it has already made offers to some greeters, including those with physical disabilities, and expects to continue doing so in the coming weeks.  

But some workers say they have been tacitly discouraged from applying for other jobs. 

Mitchell Hartzell, 31, a full-time Walmart greeter in Hazel Green, Ala., said his manager told him “they pretty much didn’t have anything in that store for me to do” after his job winds down in April. He said he persisted, approaching several assistant managers to ask about openings, and found out about a vacant position at self-checkout. But it had already been promised to a greeter who doesn’t use a wheelchair, he said. 

“It seems like they don’t want us anymore,” said Hartzell, who has cerebral palsy. 

Jay Melton, 40, who has worked as a greeter in Marion, N.C., for nearly 17 years, loves church, Tar Heels basketball and Walmart. His sister-in-law, Jamie Melton, said the job is what gets him out of bed. 

“He doesn’t have a lot of things he does himself that bring him joy,” she said. Addressing Walmart, Melton added: “When you cut a huge population of people out, and you have written a policy that declares they are no longer capable of doing what they have been doing, that is discrimination.”  
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From: MeNeedIt

Women around the world are granted only three-quarters of the legal rights enjoyed by men, often preventing them from getting jobs or opening businesses, the World Bank said in study published Wednesday. 

“If women have equal opportunities to reach their full potential, the world would not only be fairer, it would be more prosperous as well,” Kristalina Georgieva, the bank’s interim president, said in a statement. 

While reforms in many countries are a step in the right direction, “2.7 billion women are still legally barred from having the same choice of jobs as men,” the statement said. 

The study included an index measuring gender disparities that was derived from data collected over a decade from 187 countries and using eight indicators to evaluate the balance of rights afforded to men and women. 

The report showed progress over the past 10 years, with the index rising to 75 from 70, out of a possible 100, as 131 countries have agreed to enact 274 reforms, adopting laws or regulations allowing greater inclusion of women. 

Among the improvements, 35 countries have proposed laws against sexual harassment in the workplace, granting protections to an additional 2 billion women, while 22 nations have abolished restrictions that kept women out of certain industrial sectors. 

Six perfect scores

Six nations — Belgium, Denmark, France, Latvia, Luxembourg and Sweden — scored a 100, “meaning they give women and men equal legal rights in the measured areas,” the World Bank said. 

A decade ago, no economy had achieved a perfect score. 

On the other hand, too many women still face discriminatory laws or regulations at every stage of their professional lives: 56 nations made no improvement over the last decade. 

South Asia saw the greatest progress, although it still achieved a relatively low score of 58.36. It was followed by Southeast Asia and the Pacific, at 70.73 and 64.80, respectively.  

Latin America and the Caribbean recorded the second-highest scores among emerging and developing economies at 79.09. 

Conversely, the Middle East and North Africa posted the lowest score for gender equality at 47.37. The World Bank nevertheless pointed to encouraging changes, such as the introduction of laws against domestic violence, in particular in Algeria and Lebanon.
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From: MeNeedIt

The fast-growing, Chinese-owned video sharing network TikTok agreed to pay a $5.7 million fine to U.S. authorities to settle charges that it illegally collected personal information from children, officials said Wednesday. 

The Federal Trade Commission said the penalty for the social network, which had been known as Musical.ly, was the largest ever in a children’s privacy investigation. 

The social network, which has been surging in popularity with young smartphone users and taking over from rivals like Facebook, Instagram and Snapchat, failed to obtain parental consent from its underage users as required by the Children’s Online Privacy Protection Act, FTC officials said. 

The operators of TikTok “knew many children were using the app, but they still failed to seek parental consent before collecting names, email addresses, and other personal information from users under the age of 13,” said FTC Chairman Joe Simons.  

No tolerance for lawbreakers

“This record penalty should be a reminder to all online services and websites that target children: We take enforcement of COPPA very seriously, and we will not tolerate companies that flagrantly ignore the law.” 

TikTok claimed 500 million users worldwide last year, making it one of the most popular worldwide apps. 

Owned by China’s ByteDance, it expanded its reach in the U.S. with the merger with Musical.ly. 

Teens have been flocking to the service, which allows them to create and share videos of 15 seconds.  

According to the FTC, the company required users to provide an email address, phone number, username, first and last name, a short biography, and a profile picture. 

The consumer protection regulator said 65 million accounts have been registered in the United States. 

Officials said the company knew that many of its users were under 13 and should have taken greater precautions. 

“In our view, these practices reflected the company’s willingness to pursue growth even at the expense of endangering children,” said a statement from FTC Commissioners Rohit Chopra and Rebecca Kelly Slaughter. 

“The agency secured a record-setting civil penalty and deletion of ill-gotten data, as well as other remedies to stop this egregious conduct.” 

Suggestive content

TikTok has faced criticism around the world for featuring sexually suggestive content inappropriate for children. 

TikTok said in a statement it would create a “separate app experience” for younger users with additional privacy protections as part of its agreement with regulators. 

“It’s our priority to create a safe and welcoming experience for all of our users, and as we developed the global TikTok platform, we’ve been committed to creating measures to further protect our user community — including tools for parents to protect their teens and for users to enable additional privacy settings,” the statement said.
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From: MeNeedIt

The Federal Reserve will stop shrinking its $4 trillion balance sheet later this year, Fed Chairman Jerome Powell said on Wednesday, ending a process that investors say works at cross-purposes with the Fed’s current pause on interest rate hikes. 

“We’ve worked out, I think, the framework of a plan that we hope to be able to announce soon that will light the way all the way to the end of balance sheet normalization,” Powell told members of the House Financial Services Committee in what were his most detailed remarks to date on the subject. 

“We’re going to be in a position … to stop runoff later this year,” he said, adding that doing so would leave the balance sheet at about 16 percent or 17 percent of GDP, up from about 6 percent before the financial crisis about a decade ago. 

The U.S. gross domestic product is currently about $20 trillion, suggesting the Fed’s balance sheet would be between $3.2 trillion and $3.4 trillion. 

The Fed has been trimming its balance sheet — bulked up by trillions of dollars of bond-buying during the post-crisis years to help keep interest rates low and bolster the economy — by as much as $50 billion a month since October 2017. As recently as a few months ago it had expected to keep shrinking its portfolio for another couple of years. 

New tack

But in a series of meetings that began in November, the Fed has been devising a new approach. With rising demand for currency around the world, and from U.S. banks for reserves held at the central bank, Fed policymakers now believe a big balance sheet is necessary just to ensure it has proper control over the short-term interest rates it sets to manage the economy. 

In addition, Fed policymakers now say balance sheet policy should take financial and economic conditions into account. 

Questions about the plan remain, including whether the Fed will adjust the maturities of its Treasury portfolio, and how it will go about shedding the mortgage-backed securities (MBS) it accumulated during its asset-buying days. 

Powell said the Fed still has a bunch of decisions ahead of it. 

“The one on MBS sales is really closer to the back of the line — really, we have to decide about the maturity composition, things like that, and we’ll be working through that in a very careful way,” Powell said.  “Markets are sensitive to this.” 

Powell’s remarks on the balance sheet came toward the end of more than two hours of testimony before the Democrat-led House panel that includes several new members, including New York Democrat Alexandria Ocasio-Cortez. 

But the Green New Deal advocate and Bronx populist asked no questions during the debate, and much of what Powell said on Wednesday repeated comments made Tuesday to the Republican-controlled Senate Banking Committee, including that the economy is on solid ground and the Fed would be patient on raising rates. 

Inflation goal unchanged

Powell was asked, as he was in the Senate, about the Fed’s plan to rethink its policy framework this year. He assured lawmakers that the Fed is merely trying to refine its approach so it can meet its current 2 percent inflation goal. 

“We are not looking at a higher inflation target, full stop,” he said. 

Powell also repeated his warnings against a failure by Congress to raise the debt ceiling, saying there would be “bad consequences” should the United States default on its debt payments. 

Powell by law appears two times a year before Congress to brief members of the House Financial Services Committee and the Senate Banking Committee on monetary policy and the state of the economy. 
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From: MeNeedIt

The top U.S. trade official said Wednesday that a new trade deal with China is not close to being completed.

“Much still needs to be done before an agreement can be reached,” U.S. Trade Representative Robert Lighthizer told a congressional panel in Washington. “If we can complete this effort, and again I say if, and if we can reach a resolution on the issue of enforceability, we might have an agreement that enables us to turn the corner in our relationship with China.”

The U.S. and China, the world’s two biggest economies, have been negotiating for months on a new agreement, even as they have imposed hefty new tariffs on billions of dollars of each other’s exports.

Lighthizer said the countries’ negotiators, who have been meeting in Washington and Beijing, “are making real progress.”

President Donald Trump cited that progress Sunday in postponing what would have been a sharp increase in U.S. duties on $200 billion in Chinese imports that would have taken effect Friday.

The most recent U.S. statistics show China last year had a $382 billion trade surplus in deals with the United States through November. Trump is trying to alter trade terms between the two countries to end what the U.S., Japan and European countries contend are China’s unfair trade practices, including state intervention in markets, subsidies of some industries and theft of foreign technology.

China has offered to increase its purchase of American farm products and energy as part of a new trade pact.

Members of Congress, both Republicans and Democrats, urged Lighthizer to reach a wide-ranging trade agreement.
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From: MeNeedIt

Silicon Valley billionaire Elon Musk changed his Twitter display name to “Elon Tusk” in another late-night flurry of tweets on Wednesday, which also promised news from his electric carmaker Tesla Inc later this week.

In a series of tweets to his 25 million followers following charges from the U.S. Securities and Exchange Commission earlier this week, Musk accused the regulator of failing to read Tesla’s annual reports and said its oversight was “broken”.

On Wednesday, he changed his display name and added an elephant tag.

Social media platforms have featured a number of memes involving wordplay around Musk’s name this week.

He also promised Tesla would have “news” at 2 p.m. California time on Thursday. The company, deep in debt as it ramps up production of its popular Model 3 sedan, is due to repay a $920 million convertible bond a day later.

Musk had promised last year to have his public statements vetted by the company’s board, as part of a settlement with the SEC that headed off demands for him to resign as Tesla CEO.

Tesla did not immediately respond to request for comment.

 
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From: MeNeedIt

Volvo’s electric performance brand Polestar is unveiling a battery-powered compact car touted as a rival to Tesla’s Model 3.

The Polestar 2 is a five-door vehicle with a panoramic glass roof, an all-vegan interior and a battery with enough capacity to drive 500 kilometers under European tests for range measurement, or 275 miles under U.S. testing rules.

With 408 horsepower, it should accelerate from zero to 100 kph (0-62 mph) in under five seconds. Polestar said Wednesday that the car’s U.S. price for the launch version will be $55,500 after tax incentives; later a lower-priced version with less range is envisioned.

The car, to be shown at next month’s Geneva auto show, becomes available in 2020.

Volvo Car Group, headquartered in Goteborg, Sweden, is a subsidiary of Chinese automaker Geely.
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From: MeNeedIt

Boeing on Wednesday unveiled an unmanned, fighter-like jet developed in Australia and designed to fly alongside crewed aircraft in combat for a fraction of the cost.

The U.S. manufacturer hopes to sell the multi-role aircraft, which is 38 feet long (11.6 meters) and has a 2,000 nautical mile (3,704-kilometer) range, to customers around the world, modifying it as requested.

It is Australia’s first domestically developed combat aircraft in decades and Boeing’s biggest investment in unmanned systems outside the United States, although the company declined to specify the dollar amount.

Defense contractors are investing increasingly in autonomous technology as militaries around the world look for a cheaper and safer way to maximize their resources.

Boeing rivals like Lockheed Martin and Kratos Defense and Security Solutions are also investing in such aircraft.

Four to six of the new aircraft, called the Boeing Airpower Teaming System, can fly alongside a F/A-18E/F Super Hornet, said Shane Arnott, director of Boeing research and prototype arm Phantom Works International.

“To bring that extra component and the advantage of unmanned capability, you can accept a higher level of risk,” he said.

The Mitchell Institute for Aerospace Studies in the United States said last year that the U.S. Air Force should explore pairing crewed and uncrewed aircraft to expand its fleet and complement a limited number of “exquisite, expensive, but highly potent fifth-generation aircraft” like the F-35.

“Human performance factors are a major driver behind current aerial combat practices,” the policy paper said. “Humans can only pull a certain number of Gs, fly for a certain number of hours, or process a certain amount of information at a given time.”

In addition to performing like a fighter jet, other roles for the Boeing system early warning, intelligence, surveillance and reconnaissance alongside aircraft like the P-8 Poseidon and E-7 Wedgetail, said Kristin Robertson, vice president and general manager of Boeing Autonomous Systems.

​”It is operationally very flexible, modular, multi-mission,” she said. “It is a very disruptive price point. Fighter-like capability at a fraction of the cost.”

Robertson declined to comment on the cost, saying that it would depend on the configuration chosen by individual customers.

The jet is powered by a derivative of a commercially available engine, uses standard runways for take-off and landing, and can be modified for carrier operations at sea, Robertson said. She declined to specify whether it could reach supersonic speeds, common for modern fighter aircraft.

Its first flight is expected in 2020, with Boeing and the Australian government producing a concept demonstrator to pave the way for full production.

Australia, a staunch U.S. ally, is home to Boeing’s largest footprint outside the United States and has vast airspace with relatively low traffic for flight testing. 

The Boeing Airpower Teaming System will be manufactured in

Australia, but production lines could be set up in other countries depending on sales, Arnott said.

The United States, which has the world’s biggest military budget, would be among the natural customers for the product.

The U.S. Air Force 2030 project foresees the Lockheed Martin F-35A Joint Strike Fighter working together with stealthy combat drones, called the “Loyal Wingman” concept, said Derrick Maple, principal analyst for unmanned systems at IHS Markit.

“The U.S. has more specific plans for the wingman concept, but Western Europe will likely develop their requirements in parallel, to abate the capabilities of China and the Russian Federation and other potential threats,” he said.

Robertson declined to name potential customers and would not comment on potential stealth properties, but said the aircraft had the potential to sell globally.

“We didn’t design this as a point solution but a very flexible solution that we could outfit with payloads, sensors, different mission sets to complement whatever their fleet is,” she said. “Don’t think of it as a specific product that is tailored to do only one mission.”
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From: MeNeedIt

An experimental drug could offer hope for restoring damaged brain cells in Parkinson’s patients, scientists said on Wednesday, although they cautioned that a clinical trial was not able to prove the treatment slowed or halted the neurodegenerative disease.

The trial involved delivery of a protein therapy directly into the brains of Parkinson’s patients. Scientists said some brain scans revealed “extremely promising” effects on damaged neurons of those who received the treatment.

“The spatial and relative magnitude of the improvement in the brain scans is beyond anything seen previously in trials,” said Alan Whone, a Parkinson’s specialist at Britain’s Bristol University who co-led the trial.

Researchers said the therapy warranted further investigation even though it failed to demonstrate improvement of symptoms in patients who received it when compared to others given a placebo.

“The primary outcome was disappointing,” Whone told reporters at a briefing in London.

Parkinson’s is a neurodegenerative disease that affects around one percent to two percent of people over age 65. It causes tremors, muscle stiffness and movement and balance problems. Although some medicines can improve symptoms, there is no cure or treatment that can slow progression of the disease.

This trial involved 41 patients who all underwent robot-assisted surgery to have tubes placed into their brains.

That allowed doctors to infuse either the experimental treatment – called Glial Cell Line Derived Neurotrophic Factor (GDNF) – or a placebo directly to the affected brain areas. GDNF is made by privately-held Canadian biotech firm MedGenesis Therapeutix.

Half of the patients were given monthly GDNF infusions and half received monthly placebo infusions. After nine months, all participants were offered the GDNF infusions for a further nine months.

Results showed some signs of improvements, Whone said, but there was no significant difference between the treatment and placebo groups. He said this was in part due to the sizeable placebo effect in this trial.

The placebo effect has been known to confound clinical trials of treatments for conditions involving the brain, boosted by patients’ expectations that a potential treatment will work.

But the brain scan results suggested the drug might be starting to reawaken damaged brain cells. After nine months, there was no change in the scans of patients who received a placebo, but those who got GDNF showed major changes in a key area of the brain affected by the disease.

Whone said this suggested GDNF could be “a means to possibly reawaken and restore” brain cells that are gradually destroyed in Parkinson’s.
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From: MeNeedIt

The Federal Reserve is in “no rush to make a judgment” about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank’s approach to an economy that is likely slowing.

In two hours of testimony to the Senate Banking Committee, Powell elaborated on the “conflicting signals” the Fed has tried to decipher in recent weeks, including disappointing data on retail sales and other aspects of the economy that contrast with steady hiring, wage growth, and ongoing low unemployment.

“The baseline outlook is a good one,” Powell said, but slower growth overseas is a drag on the U.S. economy that “we may feel more of” in the coming months.

“We have the makings of a good outlook and our (rate-setting) committee is really monitoring the crosscurrents, the risks, and for now we are going to be patient with our policy and allow things to take time to clarify.”

If anything, Powell’s comments solidified a Fed policy shift last month in which it indicated it would pause a three-year cycle of rate hikes, which had been projected to run well into 2020, until the inflation or growth dynamics change.

The flow of new workers into the labor force, for example, has surprised the central bank and means “there is more room to grow,” Powell said.

Powell, who has led the Fed for just over a year, faced virtually no pushback from Republicans on the Senate panel, as former Fed chief Janet Yellen had in the past, that the central bank was courting inflation or financial risks by leaving rates too low.

After raising rates four times in 2018, and anticipating further hikes in 2019, the Fed in January switched to a “patient” stance as concerns about the global economy took root, and markets voiced doubts about the U.S. economic recovery.

The Fed’s benchmark overnight lending rate currently is within a range of 2.25 percent to 2.50 percent.

There was also little said by lawmakers about the Fed’s evolving plan to maintain a balance sheet of perhaps $3.5 trillion, which would be lower than the current $4 trillion but still massive by historical standards. Republican lawmakers generally have pushed the central bank to reduce a financial footprint inflated by crisis-era programs many in the party considered risky.

Financial markets were largely unmoved by Powell’s testimony, which was the first of his two hearings this week in Congress. He is due to appear before the House of Representatives Financial Services Committee on Wednesday.

U.S. Treasury yields were lower in afternoon trading while major U.S. stock indexes were slightly higher. The dollar was weaker against a basket of currencies.

Political Shift

Powell told lawmakers that the Fed expected the U.S. economy to grow solidly but at a slower pace this year than the estimated 3 percent growth for 2018, an outlook that was built into the central bank’s policy statement in January.

The “patient” approach to rate hikes has been a staple of Fed commentary since early last month.

“As long as we have steady growth with no inflation, that should keep the Fed at bay,” said Jack Ablin, chief investment officer at Cresset Wealth Advisors in Chicago.

But Tuesday’s hearing did offer a preview of issues the central bank may confront as the 2020 presidential campaign takes shape, and Democrats use their recently-won control of the House to press new economic and political ideas.

Amid a growing debate over whether the U.S. government may have far more room to expand its debt than conventional economics might recommend, or whether the Fed’s own balance sheet might help finance a “Green New Deal” of economic and environmental programs, Powell made clear he was among the traditionalists.

“The idea that deficits don’t matter for countries that can borrow in their own currency I think is just wrong. I think that U.S. debt is fairly high as a level of (gross domestic product) and, much more importantly than that, it’s growing faster than GDP,” Powell said. “To the extent that people are talking about the Fed – our role is not to provide support for particular policies” on environmental, social or other related issues.

Indeed, asked about the upcoming need to boost the U.S. debt ceiling, he said he considered the prospect of a U.S. government default on its obligations “a bright line, and I hope we never do pass it.”

Powell’s appearances on Capitol Hill this week, part of his semi-annual testimony to Congress, are his first since Democrats won control of the House in the November elections. They also follow the kickoff of a number of 2020 presidential campaigns.

Along with questions that ranged from the sources of rural poverty to the impact of climate change on banks, Senate committee members pressed points likely to figure into the Democratic primary battle.

“The Fed works for big rich banks that want to get bigger and richer,” said Senator Elizabeth Warren, a Massachusetts Democrat running for president. She questioned whether Powell would be adequately aggressive in reviewing a proposed megamerger between U.S. regional lender BB&T and rival SunTrust Banks.

Powell pledged an “open and transparent” review of the deal.

When asked whether there had been any “direct or indirect” communication from the White House about interest rates, Powell deferred, saying he would not comment on private conversations with other officials.

President Donald Trump has castigated the Fed for raising rates, arguing that the monetary tightening was undercutting his administration’s efforts to boost economic growth.

On Tuesday, Powell repeated his oft-heard pledge that the Fed will make policy decisions “in a way that is not political.”
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From: MeNeedIt

Cameroonian police officers, assisted by members of the country’s elite corps, seized hundreds of containers of fuel illegally transported from Nigeria by suspected Central African Republic rebels in the northern town of Mbe, Cameroon.

Rigobert Ojong, a member of a task force of military, police and civil society members created three weeks ago to stop the illegal fuel trade, said the group received a tip that the fuel was on its way to the C.A.R., where it would be used by rebels fighting the central African state’s government. 

“We have put aside personnel dedicated to this fight, within the framework of this task force, and we have been able to intercept about 1,500 drums of fraudulently imported fuel. If we go by the price in the black market, we are talking about more than 3 billion CFA francs [$5 million] a year,” Ojong said.

Cameroon’s government says an unknown quantity of oil is smuggled from Nigeria through its territory because the border is so porous. The military says it has opened an investigation to track dealers who might be collaborating with rebel groups in the C.A.R.

Alleged corruption

Businessman Patrice Essola, who supplies fuel to the C.A.R. from Cameroon, says illegal trade with C.A.R. rebels is facilitated by corrupt government officials in both countries.

He said the rebels and traffickers work in collaboration with corrupt Cameroonian military officials and C.A.R. border immigration staff to import the fuel from Nigeria. Some of the tankers and trucks that smuggle the fuel are even protected by corrupt officials while in Cameroon and in the C.A.R., Essola added.

Kildadi Taguieke Boukar, governor of the Adamawa region that shares a border with the C.A.R., denies corrupt military officials assist rebels and smugglers, but said investigations had been opened.

Each time the traffickers are arrested, they answer charges in courts of law, Boukar said, but added the task is very, very difficult because Cameroon’s borders with Nigeria and the C.A.R. are very porous. All of the fuel will be taken to C.A.R. authorities, he said.

C.A.R. violence, peace deal

In January, Cameroon said 300 of its citizens had been abducted by suspected C.A.R. rebels within the past two years, along with at least 5,000 cattle. Local border communities asked the government to authorize self-defense groups to be equipped with guns to face rebels who they said continued to cross to their villages for supplies.

The C.A.R. was plunged into turmoil in 2013 when Muslim rebels known as the Seleka seized power in the majority-Christian country. A band of mostly Christian militias, called the anti-Balaka, rose up to counter the Seleka. Thousands of people have been killed in the violence and more than one million are internally displaced. An estimated 570,000 people have fled to neighboring countries, with about 350,000 in Cameroon.

On Feb. 2, the U.N. mission in the C.A.R., known as MINUSCA, and the African Union announced that a peace deal between the C.A.R. government and 14 rebel groups had been reached after sponsored talks in Sudan. They called on the C.A.R.’s neighbors to help bring peace by not allowing their borders to be used for supplies or as a hiding ground for fighters who refuse to respect the deal.
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From: MeNeedIt