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Turkey will emerge stronger from lira crisis despite row with U.S.: minister -

Turkey will emerge stronger from lira crisis despite row with U.S.: ministerIn a conference call with thousands of investors and economists, Albayrak - who is President Tayyip Erdogan's son-in-law - said Turkey fully understood and recognized all its domestic challenges but was dealing with what he described as a market anomaly. With Ankara locked in a complex rift with Washington, he also played down a decision by President Donald Trump to double tariffs on imports of Turkish metals. Washington later said it was ready to impose further economic sanctions on Turkey.


Thu, 16 Aug 2018 14:19:11 -0400

White supremacist scolded live on camera by his father during interview -

White supremacist scolded live on camera by his father during interviewThe organiser of a white supremacist march in Washington DC at the weekend has been left red-faced, after a video emerged showing him being scolded by his father during an interview in his family home. Jason Kessler, 34, organised last year’s Unite the Right rally in Charlottesville, which resulted in the death of counter protester Heather Heyer. He organised an anniversary march in DC this weekend, which was attended by a few dozen people, and dwarfed by a huge counter-protest. In a clip circulated on Tuesday, originally filmed in June, he was recording an hour-long livestream with the alt-Right Patrick Little discussing Jews, when his father barged in furiously told him off, mid-interview. “Hey! You get out of my room!” yelled Eric Kessler, Jason Kessler’s father. Mr Little, 33, who ran an unsuccessful campaign for a Senate seat in California, chuckles at the interruption of his neo-Nazi conspiracy theories concerning Jews, castration and slavery. He asks: “You got a drunk roommate there?” Jason Kessler, escorted by police during his August 12 rally outside the White House Credit: AFP Looking sheepish, Mr Kessler tried to explain the situation to his friend, saying: “I have somebody who supports Israeli, uh... orthodox… We are kind of at crosshairs on that right now.” His father presses on, yelling at Mr Kessler: “I want this to stop in my room, Jason. This is my room.” Mr Little can be heard sniggering as Mr Kessler excuses himself and walks off-screen. “You’re not living with an Orthodox Jew are you?” Mr Little asks. Mr Kessler tries to explain the rift in his house, saying: “My family watches the History Channel and it’s all this propaganda – ‘the Nazis’ and ‘the Jews’."  He goes on to complain his father is “cucked” — an insult often used by the alt-Right — because he watches “constant anti-German propaganda” on the History Channel. When he wants to express his views on Jews, he retreats to his father’s bedroom, he explained. “And I’m stuck in this situation where, with all these lawsuits, I need to stay with my family.” Counterprotesters in Washington DC on August 12 Credit: AFP Mr Little nods, explaining that he is planning on renting out the houseboat on which he lives to pay for his expenses. Eric Kessler told The Washington Post earlier this year that his family was “dismayed across the board about this situation. We’ve never identified with racial politics.” He added that despite living in the same house he had very little interaction with his son since he learned of his radical views, shortly before last year’s rally. Jason Kessler, however, told the paper that he has been treated unfairly. “I’ve been turned into an avatar of hate,” he said.


Thu, 16 Aug 2018 11:45:22 -0400

Bayer presses on with Monsanto integration as stock suffers -

Bayer presses on with Monsanto integration as stock suffersGerman chemicals and pharmaceuticals giant Bayer said Thursday it would finally begin integrating US seeds and pesticides maker Monsanto into its business, after meeting competition authorities' final conditions for the merger. Two months after it bought the US firm, "the integration of Monsanto into the Bayer Group can begin," the Leverkusen-based company said. Thursday saw Bayer complete the sale of a final tranche of crop science businesses worth 5.9 billion euros ($6.7 billion) to rival BASF under concessions imposed by cartel watchdogs.


Thu, 16 Aug 2018 10:27:08 -0400

Russia's S-500: How Putin Could Kill Air Force F-22s and B-2 Stealth Bombers? -

Russia's S-500: How Putin Could Kill Air Force F-22s and B-2 Stealth Bombers?Russia’s fearsome new S-500 air and missile defense system has apparently entered production—and is setting new records for missile engagement range.


Thu, 16 Aug 2018 09:02:00 -0400

Genoa collapse: Hundreds more bridges 'at risk' across Italy as ministers blast highways firm -

Genoa collapse: Hundreds more bridges 'at risk' across Italy as ministers blast highways firmUp to 300 bridges, viaducts and tunnels in Italy are at risk of structural failure, experts warned, as the death toll from the collapse of a bridge in Genoa rose to 39, including three children. There were fears that the number of fatalities could rise further. Matteo Salvini, Italy’s interior minister, said it was hard to tell how many people were still unaccounted for simply because they were on holiday or “under the rubble”. He said the tragedy demonstrated the importance of increasing investments and hinted that EU spending limits could put lives at risk. "If external constraints prevent us from spending to have safe roads and schools, then it really calls into question whether it makes sense to follow these rules," Mr Salvini, who leads the eurosceptic League party, said. "There can be no trade-off between fiscal rules and the safety of Italians." The European Union pushed back against suggestions EU budget rules might be to blame.  "We will not engage in any political finger pointing," the European Commission, the EU's executive in Brussels, said. The commission in Brussels said Italy was receiving billions of euros under the bloc's multi-annual budget for infrastructure investment and was "one of the main beneficiaries of the flexibility" under the 28-nation bloc's fiscal rules. British couple Genoa bridge collapse Around 70 per cent of Italy’s 15,000 motorway bridges and tunnels are more than 40 years old, many of them built during the post-war boom but now carrying far more traffic than they were designed for. Lack of investment, poor maintenance and, in some cases, the involvement of mafia-run building companies that use poor quality concrete to increase profits, could all contribute to disasters like the one in Genoa. “They have problems that, if not addressed in time, could potentially lead to structural failures,” a leading structural engineer told La Repubblica newspaper. “The problem is not so much knowing which structures are at risk, but having the money to finance repairs and maintenance,” said the expert, who asked for anonymity because he works for a company that assesses public infrastructure. Among the structures at risk was the Magliana Bridge in Rome, between the city centre and the capital’s busiest airport, Fiumicino, he said. Italy’s CNR civil engineering society said that many structures dating from the 1960s, when the Morandi Bridge was built, had surpassed their lifespan. It called for a “Marshall Plan" to repair or replace tens of thousands of Italian bridges and viaducts built in the post-war period. As investigators began to study what may have caused a 260ft-long portion of the raised motorway in Genoa to collapse, sending around 35 cars and several trucks plummeting to the ground, Italy’s populist government blamed the private company that managed it. Luigi Di Maio, deputy prime minister and the leader of the Five Star Movement, accused Autostrade per l’Italia of chasing profits at the expense of public safety. “Instead of investing money for maintenance, they divide the profits and that is why the bridge falls," he said. Autostrade, which operates nearly 2,000 miles of Italian motorways, is controlled by the Benetton group through its holding company, Atlantia. Mr Di Maio accused previous Italian governments of turning a blind eye to the upkeep of the country’s motorways because of political contributions. Fire crews told The Telegraph 'we are not going to stop searching' “For the first time there is a government that does not take money from Benetton. Autostrade was protected by previous governments,” he said. “If the bridge was dangerous, then they should have closed it.” The government said it wanted to revoke the contract awarded to Autostrade and hit the company with a massive fine of 150 million euros. "The first thing that should happen is that the heads of Autostrade per l'Italia should step down. And given that there have been breaches (of contract), I announce that we have begun the process for the eventual revocation of their contract and a fine of 150 million euros,” transport minister Danilo Toninelli said on Facebook. Autostrade insisted the bridge had been “constantly monitored” and refuted accusations that it had not invested enough in maintenance. "In the last five years the company's investment in the security, maintenance and strengthening of the network has been over one billion euros a year," it said. Cars and trucks are left on a section of the collapsed Morandi highway bridge in Genoa Credit: Nicola Marfisi/AP As the coalition, which consists of Five Star and the hard-Right League party, called for heads to roll, it emerged that in 2013 the founder of Five Star had opposed plans to build a new motorway that would have alleviated pressure on the Morandi bridge. Beppe Grillo, the founder of Five Star, dismissed warnings that the bridge could collapse as “a fairy tale” on his widely-read blog. When the plans for the new motorway were blocked, one leading industrialist predicted that the Genoa bridge would fail. “When, in 10 years’ time, the Morandi bridge collapses, and everyone is stuck in traffic jams for hours, we’ll need to remember the names of those who said no (to the project),” said Giovanni Calvini, who was then regional president of Confindustria, an employers’ association. Rescue personnel use cranes to sort through debris from the Morandi motorway bridge Credit: VALERY HACHE/ AFP Arcangelo Merella, a former member of Genoa city council with responsibility for transport, said: “I was saying that the bridge was at risk, that it was no longer adequate and that there was the need to find an alternative because the traffic was becoming heavier all the time.” As Genoa’s mayor declared two days of mourning, there was anger among locals over the fact that repeated warnings about the safety of the bridge went unheeded. Several locals told The Telegraph that the structure shook noticeably when trucks rolled across it and many residents worried about crossing over and under it. The bridge had to withstand more than 25 million vehicle crossings a year, with traffic volumes quadrupling in the last 30 years. A truck is perched on the remaining section of the collapsed Morandi bridge Credit:  STEFANO RELLANDINI/ REUTERS The number of vehicles using the bridge was expected to grow by 30 per cent over the next 30 years. An engineering report released in 2009 studied the possibility of the bridge being demolished because of concerns over its structural integrity. “The city is sad and of course the mourning comes first, but the city is also angry, because for years we have talked about substituting this bridge and it was never done,” said Paolo Maggio, a 46-year-old taxi driver. “This will be a huge hit for the economy – it will impact cargo traffic to and from the airport, the ports, to France. For months, Genoa will be cut in half.” Andrea Rescin, one of the first local residents to call the emergency services after the bridge crashed to the ground, said: “It sounded like a bomb had gone off, the first thing I thought was that it was an explosion.” Giuseppe Conte, the prime minister, declared a state of emergency for Genoa, one of the country’s busiest ports, whose main land corridor with France has now effectively been severed. He also announced five million euros of funds going into recovery work.


Thu, 16 Aug 2018 01:52:50 -0400


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