OPEC, non-OPEC to Look at Extending Oil-Output Cut by 6 Months

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday.

An earlier draft of the statement said the committee “reports high level of conformity and recommends six-month extension.”

But the final statement said only that the committee had requested a technical group and the OPEC Secretariat “review the oil market conditions and revert … in April, 2017 regarding the extension of the voluntary production adjustments.”

It was not immediately clear why the wording had been changed, although a senior industry source said the committee lacked the legal mandate to recommend an extension.

OPEC and rival oil-producing countries were meeting in Kuwait to review progress with their global pact to cut supplies.

The Organization of the Petroleum Exporting Countries and 11 other leading oil producers including Russia agreed in December to cut their combined output by almost 1.8 million barrels per day (bpd) in the first half of the year.

“Any country has the freedom to say whether they do or they don’t support [an extension]. Unless we have conformity with everybody, we cannot go ahead with the extension of the deal,” Kuwaiti Oil Minister Essam al-Marzouq said, adding that he hoped a decision would come by the end of April.

The oil ministerial committee “expressed its satisfaction with the progress made towards full conformity with the voluntary production adjustments and encouraged all participating countries to press on towards 100 percent conformity,” the statement said.

The December accord, aimed at supporting the oil market, has lifted crude to more than $50 a barrel. But the price gain has encouraged U.S. shale oil producers, which are not part of the pact, to boost output.

The committee said it took note that certain factors, such as low seasonal demand, refinery maintenance and rising non-OPEC supply had led to an increase in crude oil stocks. It also observed the liquidation of positions by financial players.

“However, the end of the refinery maintenance season and noticeable slowdown in U.S. stock build as well as the reduction in floating storage will support the positive efforts undertaken to achieve stability in the market,” it said.

It asked the OPEC Secretariat to review oil market conditions and come back with recommendations in April regarding an extension of the agreement.

“This reaffirms the commitment of OPEC and participating non-OPEC countries to continue to cooperate,” the statement said.

Russian Energy Minister Alexander Novak said it was too early to say whether there would be an extension, although the agreement was working well and all countries were committed to 100 percent compliance.

‘Encouraging elements’

Before the meeting, Iraqi Oil Minister Jabar Ali al-Luaibi told reporters there were some encouraging elements that suggested the oil market was improving, and that if all OPEC members agreed measures to help price stability, Iraq would support such steps.

“Any decisions taken unanimously by members of OPEC … Iraq will be part of the decision and will not be deviating from this,” Luaibi said.

Iraq’s oil production is running at 4.312 million bpd this month, Luaibi said, adding that his country had cut its oil exports by 187,000 bpd so far and would reach 210,000 bpd in a few days.

Compliance with the supply-cut deal was 94 percent in February among OPEC and non-OPEC oil producers combined, Russia’s Novak said.

Russia is committed to cuts of 300,000 bpd by the end of April, Novak said.

Novak said he expects global oil stockpiles to decrease in the second quarter of this year.

“The dynamics are positive here, I believe,” Novak said, adding that inventories in the United States and other industrialized countries had risen by less than in the past.

Kuwait’s oil minister said the market may return to balance by the third quarter of this year if producers comply fully with their production targets.

“More has to be done. We need to see conformity across the board. We assured ourselves and the world that we would reach our adjustment to 100 percent conformity,” Marzouq said.

From: MeNeedIt

US Charity Brings Hearing Aid to Syrian Refugee Children

There are an estimated 1.1 million Syrian refugees in Lebanon, 500,000 of them are children. For many of them, getting enough food and water are their biggest challenges. Children who are hearing impaired face even bigger obstacles. But some of them are getting help, thanks to a U.S. based charity called Deaf Planet Soul. VOA’s Kevin Enochs reports.

From: MeNeedIt

In Age of Keyboards, US Kids Learn Cursive Handwriting

These days, the only words most people see are typed. Many young people never learn cursive handwriting, but it is making a comeback. Thousands of school students around the country are learning to write in longhand. At one elementary school in New York City, teachers and students seem excited about the elegance, but also the educational power, of cursive handwriting. VOA’s Faiza Elmasry has more. Faith Lapidus narrates.

From: MeNeedIt

Mini-Drone Guided by Smartphone Takes Selfies

One day you may be carrying your own drone everywhere you go. A drone has been developed to take selfies that is so thin it can be put into your pants pocket. The Selfly, as it is called, is attached to a smartphone that fits into the phone’s case. VOA’s Deborah Block tells us more.

From: MeNeedIt

Monuments, Countries Douse Lights for ‘Earth Hour’

It was lights out in about 170 countries on Saturday as millions of people and thousands of cities took part in Earth Hour, a global effort to draw attention to climate change.

The World Wide Fund for Nature organized the first Earth Hour in 2007 in Australia. The international effort began as a grass-roots event to urge people to reduce their use of energy as a way to help combat climate change.

Dozens of well-known monuments, buildings and locales — from Red Square in Moscow to Big Ben in London to the Sydney Opera House to the Burj Khalifa, the world’s tallest building in Dubai — took part, dousing their lights for 60 minutes at 8:30 p.m., local time.

“We started Earth Hour in 2007 to show leaders that climate change was an issue people cared about,” coordinator Siddarth Das of WWF told the French news agency AFP. “For that symbolic moment to turn into the global movement it is today, is really humbling and speaks volumes about the powerful role of people in issues that affect their lives.”

Many events were staged to draw awareness to how human activities contribute to climate change.

In India, hundreds of cyclists participated in “Pedal for the Planet,” part of a campaign to encourage people to save energy and minimize the use of fossil fuels.

Organizer Anuj Mathur told Reuters news agency, “This is for our society, this is for the well-being of our planet and this is something we need to give to our kids, to our generation. So this we are doing for the planet, and this is a small initiative to show our commitment toward our country and society.”

Largest group of its kind

The World Wide Fund for Nature dates to 1961, when it was founded in Switzerland as the World Wildlife Fund. The world’s largest conservation organization changed its name years later to reflect a broader focus on all environmental issues rather than just wildlife; it is still known as the World Wildlife Fund in the United States and Canada, and all units worldwide use the acronym WWF.

In January, NASA and the U.S. National Oceanic and Atmospheric Administration said research has shown that 2016 was the hottest year on record, for the third year in a row. “The 2016 globally averaged surface temperature ended as the highest since record-keeping began in 1880,” the two agencies said.

They also said temperatures, raised mainly by man-made greenhouse gases and partly by a natural El Nino weather event that released heat from the Pacific Ocean, beat the previous record in 2015, when 200 nations signed on to the Paris Agreement, a plan to limit global warming.

From: MeNeedIt

Uber Suspends Self-driving Car Program After Arizona Crash

Uber Technologies Inc suspended its pilot program for driverless cars on Saturday (March 25th) after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.

The accident, the latest involving a self-driving vehicle operated by one of several companies experimenting with autonomous vehicles, caused no serious injuries, Uber said.

Even so, the company said it was grounding driverless cars  involved in a pilot program in Arizona, Pittsburgh and San Francisco pending the outcome of investigation into the crash on Friday evening in Tempe.

The accident occurred when the driver of a second vehicle “failed to yield” to the Uber vehicle while making a turn, said Josie Montenegro, a spokeswoman for the Tempe Police Department.

Two ‘safety’ drivers were in the front seats of the Uber car, which was in self-driving mode at the time of the crash, Uber said in an email, a standard requirement for its self-driving vehicles. The back seat was empty.

Photos and a video posted on Twitter by Fresco News, a service that sells content to news outlets, showed a Volvo SUV flipped on its side after an apparent collision involving two other, slightly damaged cars. Uber said the images appeared to be from the Tempe crash scene.

When Uber launched the pilot program in Pittsburgh last year, it said that driverless cars “require human intervention in many conditions, including bad weather.” It also said the new technology had the potential to reduce the number of traffic accidents in the country.

The accident is not the first time a self-driving car has been involved in a collision. A driver of a Tesla Motors Inc  Model S car operating in autopilot mode was killed in a collision with a truck in Williston, Florida in 2016.

A self-driving vehicle operated by Alphabet Inc’s  Google was involved in a crash last year in Mountain View, California, striking a bus while attempting to navigate around an obstacle.

The collision comes days after Uber’s former president Jeff Jones quit less than seven months after joining the San Francisco-based company, the latest in a string of high-level executives who have departed in recent months.

In February, Alphabet’s Waymo self-driving car unit sued Uber and its Otto autonomous trucking subsidiary, alleging theft of proprietary sensor technology.

From: MeNeedIt

Data Show How Powerful Quake Shifted Parts of New Zealand

New data shows that parts of New Zealand’s South Island moved several meters closer to the North Island during last November’s 7.8 magnitude earthquake.

The data, including satellite radar imagery, shows that parts of New Zealand’s South Island have shifted more than 5 meters closer to the North Island, and that some areas were raised by up to 8 meters.

 

Other information has come from observations on the ground and the analysis of coastal regions by GNS science, a New Zealand government research agency.

The tremor, near the tourist town of Kaikoura, ruptured a swath of land almost 200 kilometers long.

Research coming out

GNS has published the first of 10 papers on the powerful quake in mid-November 2016 in the international journal Science. Two people were killed when the magnitude 7.8 earthquake struck and Kaikoura was cut off by landslides.

 

Ian Hamling is the lead author of the research paper. He says the shifting of the earth in New Zealand occurred when powerful seismic forces pulled the ground in different directions.

“It is kind of like a shearing, so I guess the classic people always think of is a San Andreas-style fault, where you get the two sides of the fault zone move in opposite directions,” Hamling said. “And so that is what we see, is that parts of inland Kaikoura up to Cape Campbell have gone to the northeast and then in some areas to the south of that have gone in the opposite direction.”

The earthquake struck last November northeast of the city of Christchurch. It was felt in the New Zealand capital, Wellington, on the North Island, 200 kilometers away.

Shaky Isles

 

Christchurch is still recovering from a devastating 2011 earthquake that killed 185 people and destroyed the city center.

 

New Zealand is known as the Shaky Isles. The South Pacific nation lies on the unpredictable Ring of Fire that circles almost the entire Pacific rim.

 

Each year more than 15,000 earthquakes are recorded in New Zealand, but only about 150 are large enough to be felt.

 

The research paper, led by GNS, included the work of 29 co-authors from 11 national and international institutes such as the NASA laboratory in California and the University of Leeds in Britain.

From: MeNeedIt

Fans to Gather for Public Memorial for Carrie Fisher, Debbie Reynolds

Stars and fans will gather Saturday for a public memorial to honor late actresses Debbie Reynolds and Carrie Fisher nearly three months after their deaths. 

 

The ceremony honoring the lives of the mother-daughter duo will be at Forest Lawn-Hollywood Hills, the storied cemetery that is their final resting place. People will be granted attendance at the event on a first-come, first-served basis, and it will be live-streamed beginning at 1 p.m. PDT. 

 

The ceremony is slated to feature music by James Blunt and “Star Wars” composer John Williams and display Hollywood memorabilia that Reynolds collected throughout her life. 

Deaths a day apart 

Fisher, 60, an actress and writer who starred as Princess Leia in the original “Star Wars” trilogy, died December 27 after suffering a medical emergency days earlier aboard a flight from London. Reynolds, 84, an Oscar-nominated actress who shot to fame after starring in “Singin’ in the Rain” at age 19, died the following day after being briefly hospitalized. 

 

“She said, ‘I want to be with Carrie,’” Reynolds’ son, Todd Fisher, told The Associated Press after his mother’s death. “And then she was gone.” 

The back-to-back deaths of two prominent actresses were stunning, but they were made even more poignant by the women’s complex history. Fisher and Reynolds had a strained relationship that Fisher explored in her writing, but they later reconciled and became trusted confidantes brought closer by painful events in their lives. 

 

Reynolds lost one husband to Elizabeth Taylor, and two other husbands plundered her for millions. Fisher struggled with addiction and mental illness, which she candidly described in books and interviews. 

Fisher’s last role

 

Fisher died after finishing work on “The Last Jedi,” the eighth film in the core “Star Wars” saga. Disney CEO Bob Iger said this week that Fisher appears throughout the film, and her performance will not be changed. 

 

Reynolds earned an Oscar nomination for her starring role in “The Unsinkable Molly Brown.” 

 

The actresses participated in an HBO documentary on their lives called “Bright Lights,” which aired in January. 

 

Todd Fisher organized Saturday’s memorial to give fans an opportunity to honor his mother and sister. Fisher’s daughter, actress Billie Lourd, is expected to attend. 

 

Stars including Meryl Streep, Tracey Ullman and Stephen Fry mourned the actresses at a private memorial in January. 

From: MeNeedIt

Some Elated, Others Frustrated by Health Care Bill’s Withdrawal

Some Americans breathed a sigh of relief, others bubbled with frustration, and nearly all resigned themselves to the prospect that the latest chapter in the never-ending national debate over health care would not be the last.

The withdrawal of the Republican-sponsored health bill in the face of likely defeat Friday in the U.S. House seemed to ensure that the deep divisions over the Affordable Care Act and its possible replacement would continue to simmer.

As news spread, Americans fell into familiar camps, either happy to see a Democratic effort live another day, or eager to see Republicans regroup and follow through with their “repeal Obamacare” promises.

“Yessssss,” elated artist Alysa Diebolt, 27, of Eastpointe, Michigan, typed on Facebook in response to the news, saying she was relieved those she knew on Affordable Care Act plans wouldn’t lose their coverage. “I’m excited, I think it’s a good thing,” she said.

Millions more shared her view, and #KillTheBill was a top trending topic on Twitter on Friday afternoon.

 

Among those who have long sought to see Obama’s health law dismantled, though, there was disappointment or chin-up resolve that they still could prevail.

“Hopefully, they’ll get it right next time,” said Anthony Canamucio, 50, owner of a barbershop in Middletown Township, Pennsylvania. He gave his vote to Trump in November and wanted to see Obama’s health law repealed, but found himself rooting for the GOP replacement bill to fail. He is insured through his wife’s employer and laments the growing deductibles and out-of-pocket costs, blaming Obama’s law even as health economists say those trends in employer-provided health coverage preceded the legislation.

Sticking with Trump

For Canamucio, the Republicans’ bill didn’t go far enough in dismantling the ACA. But he remains steadfast behind Trump and said he believes the president will still deliver.

Cliff Rouse, 34, a banker from Kinston, North Carolina, likewise was willing to give the president he helped elect a chance to make good on his promise. He sees Obama’s law as government overreach, even as he knows it could help people like his 64-year-old father, who was recently diagnosed with dementia but refused to buy coverage under a law he disagreed with. Rouse sees Trump’s moves on health care as hasty but believes the GOP will eventually come around with better legislation.

“They’ve not had enough time to develop a good plan,” Rouse said. “They should keep going until they have a good plan that Americans can feel confident in.”

 

It remained far more than a petty political debate, though, and some like Janella Williams, framed the issue as a question of life and death.

The 45-year-old graphic designer from Lawrence, Kansas, spent Friday in the hospital hooked up to an intravenous drip for a neurological disorder, getting the drugs that she says allow her to walk. Under her Affordable Care Act plan, she pays $480 a month for coverage and has an out-of-pocket maximum of $3,500 a year. If she were to lose it, she wouldn’t be able to afford the $13,000-a-year out-of-pocket maximum under her husband’s insurance. Her treatments cost about $90,000 every seven weeks.

As she followed the efforts to undo Obama’s law, Williams found herself yelling at the TV a lot. She wrote her senators, telling how she felt “helpless and out of control,” and how her hope was dwindling.

‘I am thankful’

After watching coverage on Friday while tethered to a port in an outpatient area, she said when the bill was withdrawn, “I am thankful. I hope that this makes Trump the earliest lame duck ever.”

Whatever comes of the developments, they became the latest chapter in a long-running policy debate — from Teddy Roosevelt’s call for national health insurance in 1912; through waves of New Deal and Great Society legislation that brought Social Security, Medicare and Medicaid, but no comprehensive health system for all; to an unsuccessful attempt at universal coverage at the start of Bill Clinton’s administration. For now at least, Trump joins a list of American presidents who sought but failed to bring major health-related reform.

Trump has railed against the 2010 ACA since the start, and GOP leaders in Congress have rallied for its repeal with dozens of votes during the Obama years. Republicans won the chance to replace the health law with Trump’s win and control of both chambers of Congress.

“This is our opportunity to do it,” White House spokesman Sean Spicer said Friday. “We’ve talked about this thing since 2010. Every Republican … has campaigned, from dogcatcher on up, that they would do everything they could to repeal and replace Obamacare.”

ACA approval rises

Meantime, the Affordable Care Act has enjoyed growing approval with Obama’s departure from the White House and the emergence of details of Trump’s plan. For the first time, the law drew majority approval in a Pew Research Center poll last month, with 54 percent of Americans in favor.

Even some of Trump’s voters have come around to supporting the Obama law, or to a late realization that their coverage was made possible by it.

Walt Whitlow, 57, a carpenter from Volente, Texas, gave Trump his vote even as he came to view Obama’s law as “an unbelievable godsend.” He went without health coverage for nearly 20 years, but after the ACA passed, he signed up. Two months later, he was diagnosed with tongue cancer. He proclaims himself opposed to government handouts that he thinks people grow too dependent on, though he wouldn’t say what he hoped would happen with the GOP bill. Still, its withdrawal brought relief for a man who said his ACA coverage kept him from massive debt and maybe worse.

“It saved my life,” he said. “I really don’t know what to say.”

From: MeNeedIt

Cambodia’s ‘Buzzfeed’ Attracts Silicon Valley Investment

Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become the country’s first local tech startup to attract the backing of Silicon Valley investors.

A $200,000 investment to be exact.

The money came from 500 Startups, a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai, who took notice of the website, launched five years ago.

The grant pushed the company’s value to more than $1 million, according to In Vichet, Khmerload’s founder and CEO.

 

Several sites, and growing

Vichet, also the CEO and founder of Cambodia’s popular Little Fashion ecommerce site, said he convinced investors that Khmerload had growth potential, enough for a return on the investment.

“We showed them that we are in the top three websites in Cambodia,” said Vichet, who did his graduate work in economics at the University of Michigan. “We also have traction in Myanmar, where we recently expanded. So they see that we have done a lot while already generating revenue. They saw our potential.”

Khailee Ng, the Southeast Asia-based managing partner of 500 Startups, said Khmerload’s probable growth extends far beyond Cambodia’s borders.

“Getting to the top media position behind Facebook and Google’s properties with such a lean budget is something not many entrepreneurs across Southeast Asia have done,” Ng said.

“I’ve actually never seen anything quite like it. To be profitable, yet have increasing traffic growth rates? This investment decision is easy,” he added. 

The $1 million may not seem like much compared with the $1.7 billion value of Buzzfeed, until measured against Cambodia’s per capita income of $1,070, according to the latest World Bank estimate.

More Cambodians on internet

The 500 Startups grant comes as more and more Cambodians are using the internet and Facebook, according to an Asia Foundation study that found most go online exclusively through their smartphones. This mimics trends for sites like Buzzfeed.

Khmerload has gained more than 17 million page views per month in Cambodia, allowing it to expand into Myanmar last year, opening a sister site, Myanmarload, which already generates about 20 million page views per month.

It has also carried out a successful pilot in Indonesia, said Vichet, and was incorporated in Singapore as Mediaload.

However, Khmerload’s Buzzfeed-style approach of viral content and quick clicks has led to criticism.

Content diversifying

Vichet admits that the site originally relied heavily on tabloid and entertainment content or, as he put it, “nonpolitical content,” an important distinction in a nation where the constitution provides for a free press, but where the state closely monitors the media and — one way or another — controls its content.

But as the site has grown to reach millions, he says, it has diversified to include more informative content, including educational materials and technology news.

And 500 Startups is no doubt aware of Cambodians growing embrace of the online world. In 2000, an estimated 6,000 Cambodians used the internet. Today, the company estimates 5 million active users in Cambodia.

Tech startups are also on the rise. About 120 have sprung up in Cambodia, along with some 10 co-working spaces in Phnom Penh and Siem Reap, according to Thul Rithy, founder of Phnom Penh-based co-working spaces SmallWorld and Emerald Hub.

Mediaload’s next moves include expansions into Vietnam and Laos, Vichet said. He’s also keen to help other Cambodians obtain Silicon Valley investment.

“Even with a good idea, it is really hard for Cambodians to get an investment from [Silicon Valley], as there is no precedent of success,” Vichet said. “I hope I can deliver good returns to them so that in the future they will invest in other Cambodian technology startups.”

This report was originally published by VOA’s Khmer Service.

From: MeNeedIt

Director Boyle Re-visits ‘Trainspotting’ Gang 20 Years Later

Academy award-winning filmmaker Danny Boyle reunites with his original Trainspotting cast 20 years later to make a sequel that deals with aging, accountability, friendship and once again, betrayal.

Those who saw the original film remember four friends in their twenties. They are up to no good, living on the fringes, immersed in drug culture and pulling a heist. Their exuberant youth and reckless lifestyle captured the popular culture of the 90s.

Trainspotting became a cult movie and few could believe that a sequel could measure up. Yet, Danny Boyle’s Trainspotting 2 becomes a worthy companion to the original.

As in all Danny Boyle films, Trainspotting 2 takes us on a wild ride from its first frame. The camera focuses on treadmills at a gym and on a seemingly fit Mark Renton, running on one full speed when suddenly he falls off with a bang. He’s just had a heart attack. With this jolting introduction, Boyle reunites the cast from the original Trainspotting, which became a cult film in the 90s.

In this sequel, 20 years have gone by since Renton betrayed his gang after their heist in London, running away with the money. Now Renton, a broken man with a broken marriage, returns from Amsterdam to Scotland and to his ‘frenemies,’ seeking redemption. “He’s had a heart attack and he’s come back. These are the only people that really know him that he knows. And I suppose it’s a midlife crisis of sorts or a life crisis of sorts,” says Ewan McGregor, who played Mark Renton in 1996 and rose to stardom when the original Trainspotting became such a hit. The movie was a landmark in the lives of each of the cast members, but also for the filmmaker who — despite his wide-ranging success — reserves a special spot in his heart for this film.

In a way, Trainspotting 2 is Danny Boyle’s return to a familial place dealing with his own existential crisis. The filmmaker tells VOA he didn’t want to make just another sequel. He wanted a companion piece reflecting on the life of these aging men, who failed to amount to much in life and stubbornly cling to a youth that is not there.

“I think we were all conscious returning to it. How much a huge part it played in our individual careers. It gave us a life into the world which was surprising! We set the film to resemble the first film, everybody was paid the same, there wasn’t huge amounts of money, we didn’t treat it as a cash cow, we were not cashing in on our successful original, and we also wanted to surprise people with what the film has to say,” says the Oscar-winning filmmaker.

The reunion is dramatic. Simon, played by Jonny Lee Miller, schemes revenge, and Begbie, the most feral of them all, played by Robert Carlyle, recently escaped from prison and has vowed to kill Mark Renton. But the most redeeming character is Spud, played by Ewen Bremner. The hopeless addict, stuck in an endless loop of addiction and rehab, attempts suicide but is saved by Mark Renton.

“There are scenes in it which we benefited from addicts who told us that ‘you can’t really eradicate addiction,’ what they do in modern treatment is replace it with another obsession, an alternative obsession which is often sports. But in Spud’s case, it’s actually this writing and it was certainly true in Irvine Welsh’s case, the original writer. So, the film becomes ironically full of hope by the end,” says Boyle.

Spud goes on to write the original story of Trainspotting. Boyle says he wants to create this loop between the two films, showing that despite our aging process, our outlook to life is not linear. Like any other Danny Boyle film, Trainspotting 2 offers exuberant music, electrifying visuals, brutal scenes and yet its success lies in the honesty and tenderness with which the filmmaker and screenwriter John Hodge treat the aging characters.

“If you’re gonna do a sequel, a 20 years later sequel, the actors are not going to be able to hide from that. You’re gonna feel it in every frame of the film. It’s gonna be the protein of the film. And so, it’s a more confessional film, although there is a lot of the film that enjoys some of the pleasures that you get from the first film,” says Boyle.

Whether it appeals to the nostalgia of the older fans or the fast sensibilities of younger ones, Trainspotting 2 is slated to be another Danny Boyle success.

From: MeNeedIt