Aretha Franklin’s ‘Amazing Grace’ Concert Film Finally Debuts

Three months after her death and 46 years after she first recorded it, Aretha Franklin’s live gospel concert is coming to the big screen.

“Amazing Grace,” filmed in January 1972 when the Queen of Soul was just 29 years old, follows Franklin over two nights giving a concert at the New Missionary Baptist Church in Los Angeles.

Belting out gospel songs like “What a Friend We Have in Jesus,” “Climbing Higher Mountains” and an 11-minute version of “Amazing Grace,” Franklin brought churchgoers and guests (including Rolling Stones frontman Mick Jagger) to their feet.

But Franklin herself stands still, saying little in the 90-minute film.

“It’s a church service. It’s basically just our aunt standing there singing,” Sabrina Owens, Franklin’s niece and executor of her estate, told Reuters Television.

“She doesn’t have much conversation with anybody beyond some of the technical crews that’s around her. At some point she asked about a key and other point she asked about water, but she’s just basically standing there singing, giving her all, doing what she does best,” said Owens, who is also a producer on the film.

The service was released as an album in 1972, becoming a best-seller for Franklin. But the film languished for years over problems with synchronizing the visuals and the audio. Advances in technology made it possible to fix that issue and producer Alan Elliott, who took over the project some 10 years ago, got agreement from Franklin’s estate following the singer’s death in August to finally release the film.

Owens said Elliott told her about the film some three years ago. “I had never even heard about it and he sent me the link, and I was like, ‘Oh wow! This is really good.'”

“Amazing Grace” got its world premiere in New York on Monday, winning warm reviews, and will get a limited release in the city and in Los Angeles in late November and early December, making it eligible for Hollywood’s awards season.

Britain’s Guardian newspaper said the film is “a spine-tingling sensation” while the Hollywood Reporter called it “somewhat shapeless as a movie… But it does contain moments of bliss.”

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Fuel Shortages the New Normal in Venezuela as Oil Industry Unravels

With chronic shortages of basic goods afflicting her native Venezuela, Veronica Perez used to drive from supermarket to supermarket in her grey Chevrolet Aveo searching for food.

But the 54-year-old engineer has abandoned the practice because of shortages of something that should be abundant in a country with the world’s largest oil reserves: gasoline.

“I only do what is absolutely necessary, nothing else,” said Perez, who lives in the industrial city of Valencia. She said she had stopped going to Venezuela’s Caribbean coast, just 20 miles (32 km) away.

Snaking, hours-long lines and gas station closures have long afflicted Venezuela’s border regions. Fuel smuggling to neighboring countries is common, the result of generous subsidies from state-run oil company PDVSA that allow Venezuelans to fill their tank 20,000 times for the price of one kilo (2.2 pounds) of cheese.

But in late October and early November, cities in the populous central region of the country like Valencia and the capital Caracas were hit by a rare wave of shortages, due to plunging crude production and a dramatic drop in refineries’ fuel output as the socialist-run economy suffers its fifth year of recession.

Venezuela produced more than 2 million barrels per day (bpd) of crude last year but by September output had fallen to just 1.4 million bpd. So far in 2018, Venezuela produced an average of 1.53 million bpd, the lowest in nearly seven decades, according to figures reported to OPEC.

Bottlenecks for transporting fuel from refineries, distribution centers and ports to gas stations have also worsened, exacerbating the shortages.

PDVSA did not respond to a request for comment. Neither did Venezuela’s oil and communications ministries.

Relatively normal supply has since been restored in Caracas and Valencia after unusually long outages but the episode has forced Venezuelans to alter their daily habits.

That could hit an economy seen shrinking by double digits in 2018. For Venezuelans coping with a lack of food and medicine, blackouts and hyperinflation, the gasoline shortages could also increase frustration with already-unpopular President Nicolas Maduro.

“My new headache is fearing I might run out of gasoline,” said Elena Bustamante, a 34-year-old English teacher in Valencia. “It has changed my life enormously.”

Production Shortfall

Venezuela’s economy has shrunk by more than half since Maduro took office in 2013. The contraction has been driven by a collapse in the price of crude and falling oil sales, which account for more than 90 percent of Venezuelan exports.

Three million Venezuelans have emigrated – or around one-tenth of the population – mostly in the past three years, according to the United Nations.

Despite a sharp drop in domestic demand due to the recession, Venezuela’s collapsing oil industry is struggling to produce enough gasoline.

Fuel demand was expected to fall to 325,000 bpd in October, half the volume of a decade ago, but PDVSA expected to be able to supply only 270,000 bpd, according to a company planning document seen by Reuters.

A gasoline price hike – promised by Maduro in August under a reform package – could further reduce demand but it has yet to take effect.

Venezuela’s declining oil production has its roots in years of underinvestment. U.S. sanctions have complicated financing.

The refining sector, designed to produce 1.3 million bpd of fuel, is severely hobbled. It is operating at just one-third of capacity, according to experts and union sources.

Its largest refinery, Amuay, is delivering just 70,000 bpd of gasoline despite having the capacity to produce 645,000 bpd of fuel, according to union leader Ivan Freites and another person close to PDVSA who spoke on the condition of anonymity.

PDVSA has tried to make up for this by boosting fuel imports, buying about half of the gasoline the country needs, according to internal company figures.

In the first eight months of 2018, Venezuela imported an average of 125,000 bpd from the United States, up 76 percent from the same period a year earlier, data from the U.S. Energy Information Administration show.

But delays in unloading fuel cargoes have contributed to shortages, since Venezuelan oil ports are more oriented toward exports than imports, according to traders, shippers, PDVSA sources and Refinitiv Eikon data.

One tanker bringing imported gasoline mixed with ethanol was contaminated with high levels of water, forcing PDVSA to withdraw the product from distribution centers, a company source said, directly contributing to the shortages in Caracas.

The incident was the result of PDVSA seeking fuel from “unreliable suppliers,” in part because the U.S. sanctions have left many companies unwilling to do business with Venezuela, said the source, who spoke on the condition of anonymity.

The shortages last week prevented Andres Merida, a 29-year-old freelance publicist in Valencia, from attending client meetings.

“I had someone who used to take me from place to place but in light of the gasoline issue he would not give me a lift even when I offered to pay him,” he said. “He said he would prefer to save the gasoline and guarantee it for himself.”

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At $50M, ‘Pink Legacy’ Diamond Shines Brightest in Christie’s Sale

The ‘Pink Legacy’, a diamond weighing just under 19 carats, fetched a record 50.375 million Swiss francs ($50 million) as it outshone all other auction lots at Christie’s in Geneva on Tuesday.

Graded “vivid”, the highest rating for a pink diamond’s color, the gem is internally pure with a rectangular cut, and mounted on a platinum ring.

Once owned by the Oppenheimer Family, who built De Beers into the world’s biggest diamond trader, the diamond had a pre-sale estimate of $30 to $50 million. The identity of the seller was not disclosed.

Vivid colored diamonds are the most strongly saturated gems, displaying the optimum hue of the stone. Most pink diamonds of this color weigh less than one carat, the auction house – which was holding its semi-annual jewellery sale – said.

Christie’s said the ‘Pink Legacy’ achieved a new per-carat record for a pink diamond, and was the second most expensive one ever sold at auction.

($1 = 1.0073 Swiss francs)

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Trumps to Skip Kennedy Center Honors for 2nd Straight Year

For the second straight year, President Donald Trump will not be attending the Kennedy Center Honors celebrating cultural achievement.

 

Neither Trump nor first lady Melania Trump will be at the Dec. 2 event, Stephanie Grisham, the first lady’s director of communications, said Tuesday.

 

Grisham also told The Associated Press it was “not likely” any new winners of the National Medal of Arts, National Humanities Medal or National Medal of Science would be announced before the end of the year. She said the remaining weeks of 2018 are “the busiest time of the year for the East Wing.”

 

Tuesday’s announcements continue the Trump administration’s unprecedented distance from the arts and science communities. No arts or humanities medals have been announced or handed out since September 2016, when Barack Obama was president — the longest gap by months since the awards were established in the mid-1980s. No science medals have been given since May 2016.

 

Other presidents, including Bill Clinton and Jimmy Carter, have missed Kennedy Center ceremonies. Trump is the first to miss them twice.

 

Grisham cited scheduling conflicts: Trump is scheduled to attend the G20 summit in Argentina at the end of the month. Had he come to the Kennedy Center, it’s unlikely he would have been warmly welcomed by at least some of the honorees, who include Cher and “Hamilton” playwright Lin-Manuel Miranda, both sharp critics.

 

Last year, honoree Norman Lear said he would boycott the event if Trump was there. The White House then announced the president and first lady would not be going “to allow the honorees to celebrate without any political distraction.”

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Southern California Fires Uproot Many Hollywood Celebrities

Thousands of firefighters in California are battling deadly wildfires in the northern and southern parts of the state. At least 44 people have died as a result of the fires. Many more have lost their homes. 

The wildfires in Southern California have been sweeping through many affluent communities near Los Angeles. Some evacuated residents are now returning home. Among them are celebrities who posted their thoughts and experiences on social media.

Actor Gerard Butler posted a video on his Twitter page, showing the charred and blackened remains of homes in his Malibu neighborhood. 

“It’s like a war zone, heartbreaking,” he said in the video. 

Other celebrities tweeted status updates. Singer and actress Miley Cyrus also lost her home in Malibu’s beach community. In a tweet, she wrote, “My house no longer stands but the memories shared with family and friends stand strong.” 

The wildfires also forced actress Alyssa Milano and director Guillermo del Toro to evacuate as they updated their fans on Twitter. 

Del Toro wrote about the home of his collection of fantasy and horror memorabilia: 

As the wildfires burned for days, thousands of firefighters were mobilized to contain the blaze. 

“I’ve been doing this job for 31 years and probably in the last five, maybe seven years, every year seems to get worse. A lot of that has to do with the recent drought and the drought that we’re still going through. And with that, that drought killed a lot of vegetation. And so, that dead vegetation is prone to burning, obviously,” said Cal Fire Unit Chief Scott Jalbert. 

Low humidity and high winds also contributed to what has made the wildfires so devastating to residents.  

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Nigerian Firm Takes Blame for Routing Google Traffic Through China

Nigeria’s Main One Cable took responsibility Tuesday for a glitch that temporarily caused some Google global traffic to be misrouted through China, saying it accidentally caused the problem during a network 

upgrade. 

The issue surfaced Monday afternoon as internet monitoring firms ThousandEyes and BGPmon said some traffic to Alphabet’s Google had been routed through China and Russia, raising concerns that the communications had been intentionally hijacked. 

Main One said in an email that it had caused a 74-minute glitch by misconfiguring a border gateway protocol filter used to route traffic across the internet. That resulted in some Google traffic being sent through Main One partner China Telecom, the West African firm said. 

Google has said little about the matter. It acknowledged the problem Monday in a post on its website that said it was investigating the glitch and that it believed the problem originated outside the company. The company did not say how many users were affected or identify specific customers. 

Google representatives could not be reached Tuesday to comment on Main One’s statement. 

Hacking concerns

Even though Main One said it was to blame, some security experts said the incident highlighted concerns about the potential for hackers to conduct espionage or disrupt communications by exploiting known vulnerabilities in the way traffic is routed over the internet. 

The U.S. China Economic and Security Review Commission, a Washington group that advises the U.S. Congress on security issues, plans to investigate the issue, said Commissioner Michael Wessel. 

“We will work to gain more facts about what has happened recently and look at what legal tools or legislation or law enforcement activities can help address this problem,” Wessel said. 

Glitches in border gateway protocol filters have caused multiple outages to date, including cases in which traffic from U.S. internet and financial services firms was routed through Russia, China and Belarus. 

Yuval Shavitt, a network security researcher at Tel Aviv University, said it was possible that Monday’s issue was not an accident. 

“You can always claim that this is some kind of configuration error,” said Shavitt, who last month co-authored a paper alleging that the Chinese government had conducted a series of internet hijacks. 

Main One, which describes itself as a leading provider of telecom and network services for businesses in West Africa, said that it had investigated the matter and implemented new processes to prevent it from happening again. 

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NATO Looks to Startups, Disruptive Tech to Meet Emerging Threats 

NATO is developing new high-tech tools, such as the ability to 3-D-print parts for weapons and deliver them by drone, as it scrambles to retain a competitive edge over Russia, China and other would-be battlefield adversaries. 

Gen. Andre Lanata, who took over as head of the NATO transformation command in September, told a conference in Berlin that his command demonstrated over 21 “disruptive” projects during military exercises in Norway this month. 

He urged startups as well as traditional arms manufacturers to work with the Atlantic alliance to boost innovation, as rapid and easy access to emerging technologies was helping adversaries narrow NATO’s long-standing advantage. 

Lanata’s command hosted its third “innovation challenge” in tandem with the conference this week, where 10 startups and smaller firms presented ideas for defeating swarms of drones on the ground and in the air. 

Winner from Belgium

Belgian firm ALX Systems, which builds civilian surveillance drones, won this year’s challenge.

Its CEO, Geoffrey Mormal, said small companies like his often struggled with cumbersome weapons procurement processes. 

“It’s a very hot topic, so perhaps it will help to enable quicker decisions,” he told Reuters. 

Lanata said NATO was focused on areas such as artificial intelligence, connectivity, quantum computing, big data and hypervelocity, but also wants to learn from DHL and others how to improve the logistics of moving weapons and troops. 

NATO Secretary-General Jens Stoltenberg said increasing military spending by NATO members would help tackle some of the challenges, but efforts were also needed to reduce widespread duplication and fragmentation in the European defense sector. 

Participants also met behind closed doors with chief executives from 12 of the 15 biggest arms makers in Europe. 

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Facebook Unable to Identify Who Was Behind Network of Fake Accounts

Facebook said Tuesday it had been unable to determine who was behind dozens of fake accounts it took down shortly before the 2018 U.S. midterm elections.

“Combined with our takedown last Monday, in total we have removed 36 Facebook accounts, 6 Pages, and 99 Instagram accounts for coordinated inauthentic behavior,” Nathaniel Gleicher, head of cybersecurity policy, wrote on the company’s blog.

At least one of the Instagram accounts had well over a million followers, according to Facebook.

A website that said it represented the Russian state-sponsored Internet Research Agency claimed responsibility for the accounts last week, but Facebook said it did not have enough information to connect the agency that has been called a troll farm.

“As multiple independent experts have pointed out, trolls have an incentive to claim that their activities are more widespread and influential than may be the case,” Gleicher wrote.

Sample images provided by Facebook showed posts on a wide range of issues. Some advocated on behalf of social issues such as women’s rights and LGBT pride, while others appeared to be conservative users voicing support for President Donald Trump.

The viewpoints on display potentially fall in line with a Russian tactic identified in other cases of falsified accounts. A recent analysis of millions of tweets by the Atlantic Council found that Russian trolls often pose as members on either side of contentious issues in order to maximize division in the United States.

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Amazon Splits 2nd HQ Between NYC, DC Suburb

Amazon says it will split its long-awaited second headquarters between New York City and and Crystal City, part of Arlington, Virginia, as well as open a new facility in Nashville, Tennessee.

“These two locations will allow us to attract world-class talent that will help us to continue inventing for customers for years to come,” CEO and founder Jeff Bezos said Tuesday in an official press release.

The new headquarters will split the 50,000 jobs and $5 billion in local investments Amazon promised while taking bids from cities across the country, while adding 5,000 more for its new “Operations Center of Excellence” in Nashville.  In return, Amazon will receive incentives of about $1.5 billion from New York City and $573 million from Arlington.

The announcement marks the end of a year-long search for Amazon’s “H2,” as it came to be known.  The online retail giant narrowed a list of 238 initial applicants to 20 finalists, including Boston, Chicago and Miami.  

The process drew outrageous publicity stunts from local officials trying to attract attention to their bids and and cushy offers of heavy tax breaks and rebuilt infrastructure to accommodate the Seattle-based company.

Hiring will begin next year.  Amazon has said jobs in both cities will have average annual salaries of $150,000.  The new headquarters are expected to bring high-paying jobs and tax revenue, but critics anticipate local property values soaring into unaffordability and congested local infrastructure.

 

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Gin Up, South Africa: Gin Craze Going Big

A recent proliferation of craft gins and new distilleries has taken over South Africa’s bar scene. But this is not your average gin, distillers say: South African gin is infused with unique local flavors — like fynbos, rooibos, marula, sceletium and other distinctive South African botanicals — that they feel will take the world’s taste buds by storm. VOA’s Anita Powell reports from Gin Town, AKA Johannesburg.

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Ocean Shock: In Land of Sushi, Squid Moves Out of Reach

This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them.

Takashi Odajima picked up a cracked and faded photograph and dusted it off with his sleeve. He smiled a little sadly at the image from long ago, back when he was a baby boy.

In the photo, he sits on his uncle’s lap as his family poses at a nearby dock, squid heaped in the background. In another, his uncle dries rows of squid, carefully folded like shirts over a clothesline on the roof of their house.

Odajima’s family has lived for generations in Hakodate, on Japan’s northern island of Hokkaido. It’s a city steeped in squid, a place where restaurants outside the local fish market advertise the start of the squid-fishing season with colorful banners.

When Odajima’s father returned home from World War II, he supported his family by driving a truck for a local seafood company. He was paid in salt, a valuable commodity at the time.

Using the salt, his family began making and selling shio-kara, a fermented squid dish that derives its name from its taste: “salty-spicy.” Because it keeps for days without refrigeration, it was an important source of protein for Japan’s starving population after the war.

Seven decades later, most Japanese bars still serve it as an appetizer, and small bottles are sold in supermarkets as a condiment to be eaten with rice.

“Someone once asked me what squid means to people in Hakodate, and I told him that it was our soul. I was half-joking at the time,” Odajima, 66, said. “But squid was always the main dish, long before we started eating rice.”

Out of more than a dozen types of squid eaten here, the Japanese flying squid, or Todarodes pacificus, is so central to the national cuisine, it’s sometimes referred to as maika, or the true squid.

But now, fluctuations in ocean temperatures and years of overfishing and lax regulatory oversight have drastically depleted populations of the translucent squid in waters around Japan. As recently as 2011, fishermen in Japan were hauling in more than 200,000 tons of flying squid a year. That number had fallen by three-quarters to 53,000 tons last year, the lowest harvest since Japan’s national fisheries cooperative started keeping records more than 30 years ago. Japanese researchers say they expect catches of flying squid to be even smaller this year.

That such a ubiquitous creature could disappear has shaken a country whose identity is intertwined with fish and fishing, a nation where sushi chefs are treated like rock stars and fishermen are the heroes of countless TV shows. The shortage of flying squid, an icon of the working and middle classes, has dealt a hard blow to the livelihoods of not only fishermen, but everyone from suppliers to traders at Tokyo’s famous fish market.

The fate of the flying squid is a microcosm of a global phenomenon that has seen marine life fleeing waters that have undergone the fastest warming on record. Reuters has spent more than a year scouring decades of maritime temperature readings, fishery records and other little-used data to create a portrait of the planet’s hidden climate change — in the rarely explored depths of the seas that cover more than 70 percent of the Earth’s surface.

Fish have always followed changing conditions, sometimes with devastating effects for people, as the starvation in Norwegian fishing villages in past centuries when the herring failed to appear one season will attest. But what is happening today is different: The accelerating rise in sea temperatures, which scientists primarily attribute to the burning of fossil fuels, is causing a lasting shift in fisheries.

In Japan, average market prices of the once-humble squid have nearly doubled in the past two years, quickly putting the dish out of reach for many blue-collar and middle-class Japanese families that grew up eating it.

A Town’s Identity Threatened

Here in Hakodate, the squid shortage threatens the very culture and shared history of the town. One of the country’s first ports to open for trade with the outside world in the 19th century, it has the look of a Japanese San Francisco, with gingerbread Victorians and tram lines that slope down to the waterfront.

Odajima’s earliest memory is of his mother buying squid from a neighbor’s cart piled high with the morning’s catch. Now, fishermen barely have enough squid to sell to traders, much less to neighbors. A festival celebrating the start of the squid season in a nearby town has been canceled two years in a row.

Odajima still works in the family compound, a collection of deteriorating buildings near the Hakodate docks. Walking through a cluttered storage shed, he shows off the factory floor where he keeps his family treasure: dozens of 60-year-old barrels made of Japanese cedar. He’s one of the last local manufacturers still using wooden barrels to ferment and age his product.

Odajima also refuses to use cheaper imported squid, saying it would harm the brand’s locally sourced appeal.

But with costs skyrocketing, he isn’t sure about the future of his family business. His 30-year-old son quit his office job to help out after Odajima failed to find new workers. “I wanted to be able to hand it to him in better shape,” he said, “but now…”

One morning in June, Odajima joined a huddle of men at the docks for one of the first squid auctions for the season.

They looked over three neat piles of white Styrofoam boxes, comforting one another that it was still early in the squid season.

“Shit, they’re all tiny,” one buyer said. His friend walked away without waiting for the bidding to start.

At exactly 6.20 a.m., men in green jackets tipped their hats and began the auction. Once an event that used to attract dozens of buyers and take as long as an hour, this one took less than two minutes.

A gruff buyer supplying local restaurants that cater mostly to tourists strode to the front of the pack and bought all 11 boxes without looking. The rest of the group, including Odajima, hung back and shook their heads.

In the month of June, just 31 tons of fresh squid ended up at Hakodate’s main market, 70 percent less than the previous year. A typical squid caught in the Sea of Japan now weighs a third less than it did 10 years ago, according to surveys by Takafumi Shikata, a researcher at the Ishikawa Prefecture Fisheries Research Center.

An Early Warning on Squid

The squid shortage has become so dire, anxious bankers with outstanding loans to those in the industry have started showing up at the annual seminars held by Yasunori Sakurai, one of Japan’s foremost experts on cephalopods.

Sakurai, the chair of the Hakodate Cephalopod Research Center, began warning fishermen and other researchers about the effects of climate change on Japan’s squid population nearly two decades ago.

The flying squid gains its name from the way it can spread its mantle like a parachute to draw in and eject water, using propulsion to fly above the waves. The squid spend their short life — just over a year — migrating thousands of miles between the Sea of Japan and the Pacific Ocean, mating, then returning to lay eggs in the same area where they were born.

Sakurai blames climate change for recent fluctuations in ocean temperatures — a cold snap in waters where the squid spawn and steadily warming waters in the Sea of Japan where they migrate. These changes mean that fewer eggs laid in the colder-than-average waters in the East China Sea survive, and those that do hatch are swimming northward to avoid unnaturally warm waters in the Sea of Japan.

The Sea of Japan has warmed 1.7 degrees Celsius (around 3 degrees Fahrenheit) in the past century, making it one of the fastest-warming areas in the seas surrounding the archipelago.

Based on predictions by Sakurai’s former students now at Japan’s Fisheries Research and Education Agency, surface temperatures in these waters may rise an additional 3.7 degrees Celsius over the next century.

These changes have taken a toll on squid.

“It’s something that’s always been eaten on the side, and now it’s just gone. Everyone is asking why,” Sakurai said.

Others, like retired regulator and researcher Masayuki Komatsu, argue that although Japanese officials and fishermen are loath to admit it, the country’s rampant overfishing and lax regulatory oversight are also to blame for the shortage.

“They all blame it on climate change, and that’s the end of the discussion for them,” said Komatsu, who served as a senior official in Japan’s fisheries agency until 2004.

Since Japan started setting catch limits for the flying squid 20 years ago, fishermen have never come close to hitting the limit of the quotas. This year, the fisheries agency said it will allow fishermen to catch 97,000 tons of squid, a third less than the government’s limit for last year, but nearly double what fishermen actually caught during the same period.

The ministry acknowledges that flying squid, particularly those born in winter months, are rapidly declining. But officials say the catch limits are appropriate given the scientific evidence available. They say it is especially hard to study the elusive creature, which travels long distances over a short lifespan and is more susceptible to environmental changes than many other marine species.

“It isn’t scientific to simply say that because squid isn’t being caught, we need to lower the catch limits, when we don’t have the scientific backing to justify that,” said Yujiro Akatsuka, assistant director of the agency’s resources management promotion office.

A Fishing Town on the Rocks

Ripped curtains and fraying bits of cardboard cover windows of the empty storefronts along the main shopping street in Sakata, a town on the northwestern coast of Japan that once thrived as a major trading hub for rice and later as a fishing port. Old signs for grocery stores, camera shops and beauty parlors are barely visible through a thicket of vines.

Wooden warehouses that once stored the region’s rice are one of the few reminders of the town’s prosperous past. They were turned into souvenir stores after the buildings were featured in a popular television drama series.

On an early summer day, the docks were deserted except for a group of young Indonesian men living in shared rooms next to the port. They’re Japan’s answer to an aging industry, part of an army of young foreign men brought into the country to take fishing jobs spurned by Japanese men.

Shigeru Saito was 15 when he boarded his first fishing boat.

By the time he was 27, he was at the helm of his own ship. He never questioned his path. Both his father and grandfather, born on a small island off Sakata’s coast, had been fishermen.

Now 60, Saito has steered dozens of ships all over Japan.

When Saito started fishing, Japan had a fleet of more than 400 ships harvesting squid. He now captains one of the 65 remaining ships specially kitted with powerful light bulbs that lure squid from dark waters.

Until recently, his crew could return to port in two weeks after the start of the squid-fishing season in early June with their ship’s hold full of flying squid. Now, it takes them almost 50 days to catch that much.

“We’re having to travel farther and farther north to chase squid, but there are limits,” he said, pausing his round of checks to sit in the captain’s room of his ship, the Hoseimaru No. 58, where he sleeps in a tiny cot under boxes of equipment.

As competition intensifies for an ever-dwindling catch, fishermen have begun blaming trawlers from China, South Korea and Taiwan for overfishing in nearby waters. In recent years, fishermen from North Korea have also joined the competition.

Japan says North Koreans are illegally poaching squid in the Yamato Shallows, a particularly abundant area in the Sea of Japan.

Saito’s fishing lines got tangled in a net set by a North Korean boat there last year. Cautious about any confrontation with North Koreans, he and other Japanese fishermen abandoned the area early in the squid season.

“We can’t fish in these conditions,” he said.

Young Japanese men like Saito’s son are reluctant to join the industry, with its long months away from home and physically grueling labor. His crew is already half Indonesian. Soon, he said, only the captain will need to be Japanese.

In the last decade, the number of fishermen in Japan has declined by more than a third to fewer than 160,000. Of those left, an average fisherman earns about $20,000, not even half of Japan’s national median income.

“My son is a salaryman in the city,” Saito said. “I couldn’t recommend this to him – how could I? We’re away a third of the year,” and, with North Korean poachers on the prowl, “the waters are more dangerous now.”

The next day, men set up folding chairs and tents on Sakata’s dock for a ceremony marking the start of the fishing season. Saito joined other captains in the front row, bowing his head with his baseball cap in his hands. Young Indonesian men fidgeted in the back of the crowd. Melodic chants of Buddhist monks filled the salty air.

“We know we are powerless before the might of nature,” one monk said as the captains fixed their eyes on the ground. “We cannot go against the power of the sea. But we pray for a bountiful harvest and safe passage over the seas.”

Anxiety in Tokyo

Several weeks had passed since Japan’s squid-fishing fleet left port. But in Tokyo, near the Tsukiji fish market, Atsushi Kobayashi was waiting anxiously. The specialist wholesaler still hadn’t received a single shipment of flying squid from northern Japan. His driver sat on the concrete curb next to Kobayashi’s truck smoking in the midday sun.

In the past, each week Kobayashi would unload three to four shipments of 1,200 squid, to be dispatched to high-end sushi restaurants around Tokyo.

“Last year, the fishing season ended in November because the squid disappeared” — two months earlier than usual. He unlocked his phone to message another customer that he had nothing to sell that day.

Elsewhere in Tsukiji, the largest wholesale seafood exchange in the world, hundreds of other family-run fish traders were also awaiting this season’s catch. But by the time cases of squid finally began to arrive later in the summer, many of the traders were preparing to close their stalls to abandon the 80-year-old market.

In October, hundreds of fishmongers moved to a gleaming new market on the waterfront that cost more than $5 billion. But others, their businesses already failing from a drop in consumer demand, higher operational costs and a lack of interest from the families’ younger generation, didn’t make the move.

Those who left felt a powerful sense of loss about a place that has been a colorful symbol of the country’s fishing industry.

Masako Arai was one of them. Her husband’s family started their wholesale fish trading business 95 years ago, first in Nihonbashi, where the previous market was destroyed in a massive earthquake and fire in 1923, and later in Tsukiji.

“Our families have lived here and protected this place for generations,” the 75-year-old grandmother said.

Near Arai’s store were empty spaces where families had tended shop for generations; more than a hundred businesses have closed in the past five years. Nearly a third of the remaining 500 fish traders at the market were losing money.

“It feels like we’re always on shifting sand, and we don’t know what the future holds,” Arai said.

Nor do the chefs who create Japan’s signature cuisine.

Kazuo Nagayama has visited Tsukiji most mornings for the past 50 years to buy fresh fish. Once back at his sushi bar in the Nihonbashi district, he changes into his white uniform to write out the day’s menu with an ink brush.

For the past few years, the 76-year-old chef has found it harder to list local fish he deems decent enough to serve to his customers. On this summer day, the first item on his handwritten menu was yellowfin tuna shipped from Boston.

“I’m worried that people won’t know what it’s like to taste truly delicious fish,” he said. “Fishermen feel they have no future, and fisherfolk are disappearing. Our culture surrounding fishing is disappearing, and our culinary culture is also fading.”

Nagayama doesn’t allow anyone else to handle fish behind the counter, where customers pay up to $300 each for the chef’s nightly omakase course. Although his tiny bar is usually fully booked, he doesn’t see a future for it — he has no children and no heir.

“We’ll have to close in the next four to five years,” he said. “I’ll be the last one here.”

‘Everyone’s Raising Prices’

At Nabaya, a dark bar across the street from his Tokyo office, Hiroshi Nonoyama sipped a beer after another long day at work.

“It’s all depressing news, not a great topic of conversation over drinks,” he said. Nonoyama manages a trade group overseeing 79 companies that manufacture everything from squid-flavored potato chips to squid jerky. They’ve been some of the hardest hit by the recent run of poor harvests, Nonoyama said.

“A lot of these guys are old school. They haven’t diversified beyond using flying squid, you see? And when that becomes too expensive? Boom!” he said, crashing his hand on the bar counter.

Already this year, two of his companies had gone out of business because of the rising cost of squid.

“I only heard about one of them because I got a call from the tax office about unpaid taxes,” he said, sighing. The owner, who had employed 70 workers for half a century, was now on the run from his creditors.

“Everyone’s raising prices, but how much are customers willing to pay?” Nonoyama asked.

It’s the same question that Odajima, the Hakodate squid merchant, asks himself every day. He has nearly doubled prices in the past two years to 700 yen per bottle.

“Buyers are telling me that if I raise prices again, they won’t be able to sell it as a side dish or condiment — consumers just won’t buy it,” he said.

His factory’s yearly output is almost half of what it was 10 years ago. Looking for ways to survive, Odajima is now courting boutique supermarkets and upscale restaurants.

Recently, Odajima flew to Tokyo to pitch his product. By the time he arrived at Ginza Six, a shimmering luxury mall in the city’s posh shopping district, he was already sweating in his oversized pinstripe suit. He adjusted his tie and patted down his freshly cut hair in front of Imadeya, a premium liquor store on the basement floor of the mall.

Two Chinese women sampled glasses of Japanese wine under a pair of Edison bulbs at the shop counter. Shohei Okawa, the store’s 36-year-old manager, waited patiently as Odajima pulled several jars of shio-kara out of a cooler he had carried on the plane from Hakodate. Folded copies of Tokyo’s subway map peeked out of his large duffel bag.

“As you know, prices are getting higher, particularly for squid,” he said, suddenly sounding formal and looking anxious.

“Which is part of the reason why we’d love to sell in a higher-end store like yours.”

“What other stores carry this in Tokyo?” Okawa asked. “And is this rare? Is it authentic?”

Odajima quickly added that his product was handmade with no artificial coloring.

Satisfied, Okawa said he would send in orders for a few cases.

Outside, leaning against the mall’s glass façade, Odajima was happy — for the moment, at least.

“I wonder what my father would think, selling it at a place like this,” he said. “It’s a little unbelievable. We had so much squid we didn’t know what to do with it. Now, it’s become a delicacy.”

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Miro Sorvino Urges #MeToo to Do More Than ‘Name and Shame’

Mira Sorvino believes the key to eradicating sexual misconduct lies more in preventative education than in “naming and shaming” the perpetrators.

 

The Oscar-winning actress was one of the first to come forward with allegations of abuse against movie mogul Harvey Weinstein, and her resilience has not wavered.

 

She wants to work with students — from younger grades to the end of high school — to make them understand consent and their physical rights.

 

“So we don’t raise boys — because it’s mostly boys who do this, some girls, but mostly boys — who turn into men who commit these heinous crimes,” Sorvino told the Associated Press during a recent interview while promoting her role on the new season of the Sony Crackle series, StartUp.”

 

Sorvino agrees that the culture has changed over the past year, but feels there’s a long way to go, especially when bad behavior is validated in entertainment.

 

“That was sort of taught to us by like ’80s movies culture like ‘Sixteen Candles’ or ‘Porky’s’ or ‘Animal House’ which made it OK to commit date rape and it was the women’s fault because she was drunk rather than, ‘That’s date rape. How could you possibly take advantage of somebody who can’t even speak?'” she said.

 

She added: “That’s not cool. That’s not fun. But that’s what my generation of guys were brought up on. I mean I was brought up watching those movies, so we’ve got to change the culture. It can’t just be punishment and naming and shaming, it’s got to be prevention because that’s what we really want. We want no one victimized,” Sorvino said.

 

Sorvino has found some solace as a prominent voice in the #MeToo and Time’s Up movements. Advancements by these organizations have become a rallying cry for women victimized over the years by varying degrees of sexual misconduct. On Dec. 1, she will join the Mika Brzezinski-led line-up for the “Know Your Value” event in San Francisco, which is designed to support and empower women.

 

She’s kept acting, too. In “StartUp,” Sorvino plays a quirky NSA agent with a deadly side that tries to take down a dark-web site to find a terror cell. The series raises questions about online privacy and the government. It’s currently streaming on Sony Crackle.

 

She also has helped lobby for legislation in California that provides protections and opportunities for women and girls. Three of the bills presented under the proposed #TakeTheLead legislation have been enacted into law after being singed by California Gov. Jerry Brown.

 

And she has bigger plans in mind, namely a change to the U.S. Constitution guaranteeing equal rights for women.

 

“This year coming up I really want to see the Equal Rights Amendment passed. It’s nuts that we don’t have explicit equality in the constitution,” Sorvino said.

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Gates Links Up with Tokyo 2020 Olympics to Tackle Development Goals

U.S. billionaire philanthropist Bill Gates will launch an ‘Our Global Goals’ partnership with the Japan Sports Agency in an effort to achieve the United Nations’ Sustainable Development Goals (SDGs) by publicizing them through the Tokyo 2020 Olympics.

Gates, co-founder of Microsoft and the world’s second-richest person, has devoted much of his time in recent years to his family foundation, which aims to help reach the SDG objectives, including ending extreme poverty and combating climate change by 2030.

At an event in Tokyo on Friday, Gates said he was linking up with an Olympic Games for the first time to use it as a way to increase awareness of the SDGs and also urged Japan to become a world leader in aid and development.

The initiative has become an official Tokyo 2020 Olympics program.

“Countries like Japan will need to continue to invest generously, actually even more generously than they currently are,” the 63-year-old Gates said.

“Today, Japan spends around 3-5 percent of its aid budget on global health, so there is an opportunity to do even more.

“The sports community in Japan is fast approaching an exciting moment, as the eyes of the world will be on Tokyo as the Olympics get nearer,” he said.

“I am excited that you are using this opportunity to raise awareness and be ambassadors for a better world.”

Gates, who was joined on stage by Tokyo 2020 President and former Japanese Prime Minister Yoshiro Mori, did not release many details on Friday but plans to launch the program in 2019 as the buildup to the Games intensified.

“The opportunity for Japan is, even in a time when many countries are turning inward, to continue to say that we need to help those that are not doing as well,” said Gates.

“Continuing to commit to the Global Fund, continuing to commit to increase what they are doing with vaccines and polio is also part of that.

“The whole world loves sports and we have to be creative in how we take those amazing achievements and use that to remind people that there are some who are facing big challenges.”

Gates said in April he would invest $1 billion through 2023 to fund research and development efforts in combating malaria.

According to the World Health Organization, there were 216 million cases of malaria worldwide, causing 445,000 deaths in 2016, the most recent year with available data.

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Media: German States Want Social Media Law Tightened

German states have drafted a list of demands aimed at tightening a law that requires social media companies like Facebook and Twitter to remove hate speech from their sites, the Handelblatt newspaper reported Monday.

Justice ministers from the states will submit their proposed revisions to the German law called NetzDG at a meeting with Justice Minister Katarina Barley on Thursday, the newspaper said, saying it had obtained a draft of the document.

The law, which came into full force on Jan. 1, is a highly ambitious effort to control what appears on social media and it has drawn a range of criticism.

While the German states are focused on concerns about how complaints are processed, other officials have called for changes following criticism that too much content was being blocked.

The states’ justice ministers are calling for changes that would make it easier for people who want to complain about banned content such as pro-Nazi ideology to find the required forms on social media platforms.

They also want to fine social media companies up to 500,000 euros ($560,950) for providing “meaningless replies” to queries from law enforcement authorities, the newspaper said.

Till Steffen, the top justice official in Hamburg and a member of the Greens party, told the newspaper that the law had in some cases proven to be “a paper tiger.”

“If we want to effectively limit hate and incitement on the internet, we have to give the law more bite and close the loopholes,” he told the paper. “For instance, it cannot be the case that some platforms hide their complaint forms so that no one can find them.”

Facebook in July said it had deleted hundreds of offensive posts since implementation of the law, which foresees fines of up to 50 million euros ($56.10 million) for failure to comply.

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After Musical Courtship, Mumford & Sons Net Perfect Producer

Ever been on a blind date with a rock star? How about four of them?

That was Grammy-winning producer Paul Epworth’s experience when he initially met up with Mumford & Sons to see if he and the four rockers could vibe, and possibly create not just music, but magic together.

“It was all a bit like a series of blind dates to see how we hit it off. It took us a couple of sessions before we found out what the best method was. The chemistry felt really good all throughout the process,” Epworth said.

“We went on a couple of dates,” said band leader Marcus Mumford. “We did sessions before Christmas, which led to pretty much the final version of the song called ‘Slip Away,’ which is on the record. And we just felt like he was exactly the person we needed to help steer this ship for this fourth record. And we’ve never enjoyed recording more.”

The result is the 14-track “Delta,” to be released Friday.

The band started writing new music after the album “Wilder Mind” was released in 2015, even though one of the “Delta” songs is six years old. Mumford said they tried to re-work the old track “about 400 times.”

“It’s called ‘Forever’ — ironically,” he said.

“It wasn’t called ‘Forever’ before. After the 600th time,” chimed in Winston Marshall, who plays banjo and electric guitar.

Epworth was part of the solution. The band says when they didn’t know what to do, he did.

“They were open to giving me a bit of space to run with stuff [and] try out what I had in mind,” Epworth said. “It definitely made me feel like I was essentially a fifth member of the band.”

The London group said they were familiar with Epworth’s work — the producer is best known for crafting Adele’s monster hit “Rolling in the Deep” and also winning an Oscar with the British vocalist for the James Bond theme song, “Skyfall.” Epworth’s credits also include songs with Coldplay, Florence + the Machine, U2, and Foster the People as well as lesser known acts such as Glass Animals, Bloc Party and Plan B.

Markus Dravs produced the band’s 2009 debut, “Sigh No More,” and its follow-up, 2012’s “Babel,” which won the album of the year Grammy. Both records reached multiplatinum status and launched hits on the pop and rock charts. “Wilder Mind,” produced by James Ford, still had rock hits but only went gold.

Epworth’s fifth member status proved invaluable for “Delta,” mainly recorded at Epworth’s The Church Studios in London.

“[Paul] would just come back one day and be like, ‘That is not your upbeat rock song. That is your downbeat piano ballad.’ We’d be kind of just blindsided by the moments of sheer visionary,” said multi-instrumentalist Ben Lovett.

“Especially for a band of four collaborators — to have that person to help, decision-tie-breaker, those sort of moments [are important],” Lovett added. “If it were to be that we kind of fell out with our producer, it would be fine because we could leave the situation. If we fall out with each other, we’ve got a major problem. Luckily that’s been something we’ve been able to avoid.”

The songwriting process for each track on “Delta” varied — each of the band members work on songs individually and then bring them to the group.

Mumford said over the years he’s learned how to be a better team player and let everyone’s voice be heard.

“In the old days there was a sliver of immediacy and I think a slight immaturity, creatively. … If someone else had a different idea, I personally had less patience for it than I do now,” he said. “Now, I trust these guys’ creative instincts so much. If they’ve got a different idea [and] it doesn’t chime with me straight away, I’m intrigued to see where it goes.”

One of the ideas that came from Lovett was “If I Say,” a beautiful, building rock song, where the string arrangement and orchestra shine brightly. Lovett said he wrote the song “in a dream that I had whilst I was going through a bunch of stuff.”

“I was halfway between grappling with a divorce but also being in a new relationship,” he continued. “The song questions a lot about commitment and about the power of commitment.”

Personal experiences are what drove the overall songwriting behind the album, bassist Ted Dwane said.

“We write autobiographically. A lot has happened to us in our personal lives in the past few years and the overriding theme felt like entering the world,” Dwane explained. “It felt like leaving the security of youth and innocence and manning up, basically.”

Mumford & Sons, who formed in 2007 and started out as a live band, will get a chance to showcase the new songs on their 60-date “Delta” Tour, which kicks off in Dublin on Friday and lands in the U.S. on Dec. 7 in Philadelphia.

They said another way they were inspired to write new songs came from listening to other artists’ music in the studio.

“We’ll constantly be introducing each other to new music like, ‘Listen to this song here’ and we’ll turn it up loud,” Mumford said. “Wins and I once had a very late, quite drunken night in London, demoing for the previous album where we listened to [Don Henley’s] ‘The Boys of Summer’ about five times really loud and then tried to record our own. We called it ‘Lads of Summer.’ It’s a monstrosity. We should have put it on the record though.”

“Maybe on the next one,” Marshall said. “By the way, I [expletive] love that song.”

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Tech Giants Slide, Pulling US Stock Market Sharply Lower

A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking more than 600 points off the Dow Jones Industrial Average.

 

The wave of selling snared big names, including Apple, Amazon and Goldman Sachs. Banks, consumer-focused companies, and media and communications stocks all took heavy losses. Crude oil prices fell, erasing early gains and extending a losing streak to 11 days.

 

The tech stock tumble came followed an analyst report that suggested Apple significantly cut back orders from one of its suppliers. That, in turn, weighed on chipmakers.

 

“With the news out of the Apple supplier this morning, you have the market overall questioning the growth trajectory as we look out to 2019,” said Lindsey Bell, investment strategist at CFRA. “We continue to like tech going into next year, but we think it could be a little bit of a rocky period for the group as we continue through the last two months of the year.”

 

The market’s slide came after a two-week winning streak.

 

The S&P 500 index dropped 54.79 points, or 2 percent, to 2,726.22. The Dow fell 602.12 points, or 2.3 percent, to 25,387.18. It was down briefly by 648 points.

 

The Nasdaq composite slid 206.03 points, or 2.8 percent, to 7,200.87. The Russell 2000 index of smaller companies gave up 30.70 points, or 2 percent, to 1,518.79.

Bond trading was closed for Veterans Day. Stocks in Europe also suffered losses.

 

Apple tumbled 5 percent to $194.17 after Wells Fargo analysts said the iPhone maker is the unnamed customer that optical communications company Lumentum Holdings said was significantly reducing orders. Shares in Lumentum plunged 33 percent to $37.50.

 

Several chipmakers also fell. Advanced Micro Devices gave up 9.5 percent to $19.03, while Nvidia lost 7.8 percent to $189.54. Micron Technology gave up 4.3 percent to $37.44.

 

Amazon slid 4.4 percent to $1,636.85.

 

Banks and other financial companies also took heavy losses Tuesday. Goldman Sachs slid 7.5 percent to $206.05.

“Expectations are really that the deregulation process that has benefited banks up to this point is going to be slowed down with the Democrats in charge,” Bell said.

 

Stocks appeared to have regained their footing after a skid in October snapped a six-month string of gains for the S&P 500. Stocks rallied last week after the U.S. midterm elections turned out largely as investors expected, with a divided Congress promising legislative gridlock in Washington the next couple of years.

 

While the market has typically thrived in periods of divided government, investors continue to grapple with uncertainty over the U.S.-China trade dispute and the potential impact of increased oversight of Corporate America by Democrats, who will be taking over leadership in the House of Representatives in January.

 

In addition, some companies have recently reported third-quarter earnings and outlooks that have stoked investors’ worries about the future growth of corporate profits.

 

While companies got a boost this year from the lower tax rates put in place by President Donald Trump and the GOP last December, several companies have recently warned about the impact of higher costs related to tariffs and rising interest rates.

 

“The bull market is not over, the economic expansion is not over, but things are starting to wind down,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “We’re clearly getting into the late innings of the ball game.”

 

British American Tobacco, which makes Newport cigarettes, plunged 8.8 percent to $38.08 on reports that regulators were considering a ban on menthol cigarettes.

 

PG&E tumbled 17.4 percent to $32.98 after the electric utility told regulators that a high-voltage line experienced a problem near the origin of one of the major California wildfires before the blaze started.

 

Investors bid up shares in Athenahealth after the struggling medical billing software maker said it received a $5.7 billion cash buyout offer. The stock jumped 9.7 percent to $131.97.

 

About 90 percent of S&P 500 companies have reported third-quarter results so far, with some 51 percent of those posting earnings and revenue that topped Wall Street’s forecasts, according to S&P Global Market Intelligence. Several big retailers are due to deliver results this week, including Walmart, Home Depot, Williams-Sonoma, Nordstrom and J.C. Penney.

 

“That could actually probably boost the market,” Bell said.”Retailers are going to have a better third quarter than most people expect. A lot of them ordered goods ahead of the tariffs going into place, so they’re not going to have to pass on higher prices on to the consumer this holiday season.”

 

Benchmark U.S. crude gave up an early gain, sliding 0.4 percent to settle at $59.93 per barrel in New York. Brent crude, used to price international oils, dipped 0.1 percent to close at $70.12 per barrel in London. Oil futures rose earlier on news that Saudi Arabia and other major producers planned to reduce output.

 

The dollar strengthened to 113.86 yen from 113.80 yen on Friday. The euro fell to $1.1240 from $1.1336. The British pound weakened to $1.2853 from $1.2975 amid concerns that Britain’s government is struggling to find unity on a Brexit deal.

 

Gold fell 0.4 percent to $1,203.50 an ounce. Silver lost 0.9 percent to $14.01 an ounce. Copper slid 0.3 percent to $2.68 a pound.

 

In other energy trading, heating oil fell 0.8 percent to $2.16 a gallon and wholesale gasoline gained 0.9 percent to $1.64 a gallon. Natural gas rose 1.9 percent to $3.79 per 1,000 cubic feet.

 

Major stock indexes in Europe also ended lower Monday. Germany’s DAX lost 1.8 percent and France’s CAC 40 fell 0.9 percent. Britain’s FTSE 100 shed 0.7 percent.

 

In Asia, markets finished mixed. Japan’s Nikkei 225 added 0.1 percent, while Hong Kong’s Hang Seng rose 0.1 percent. Australia’s S&P-ASX 200 gained 0.3 percent. The Kospi in South Korea dipped 0.3 percent.

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Bolsonaro: Brazil Pension Reform Legislation Unlikely in 2018

Brazil’s Congress is unlikely to pass pension reform legislation this year, far-right President-elect Jair Bolsonaro said on Monday, a blow to investor hopes that caused the country’s currency to weaken in futures markets.

Investors snapped up Brazilian assets in the wake of Bolsonaro’s election victory last month, cheered by his party’s stronger-than-expected showing in congressional races, which raised hopes he could make quick advances on fiscal reforms.

Many economists say cuts to Brazil’s social security system are essential to controlling a huge federal deficit and regaining Brazil’s investment-grade rating.

Last week, Bolsonaro said he would like to see some form of pension reform passed this year to make it easier to deal with the deficit after he takes office on Jan. 1.

On Monday, however, he told reporters in Rio de Janeiro that after speaking with his chief economic advisor Paulo Guedes, passing a 2018 pension reform bill looked increasingly unlikely.

He added that the reform would not just be based on crunching the numbers, but would also have to take into account the social impact of the overhaul.

Brazil’s currency, the real, weakened against the U.S. dollar in futures markets after his comments.

Bolsonaro also said that no decision had yet been taken on the next head of state-controlled oil company Petroleo Brasileiro SA, with more names for the chief executive position set to come out on Tuesday.

Separately, Guedes said on Monday that World Bank chief financial officer and former Brazilian finance minister Joaquim Levy had accepted Bolsonaro’s offer to lead state development bank BNDES.

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Abu Dhabi Summit: Oil Production Cuts May Be Necessary

OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as 1 million barrels of oil a day, to rebalance the market after U.S. sanctions on Iran failed to cut Tehran’s output, Saudi Arabia’s energy minister said Monday.

The comments from the minister, Khalid al-Falih, show the balancing act the U.S. allies face in dealing with President Donald Trump’s actions related to the oil industry.

Trump in recent weeks demanded the oil cartel increase production to drive down U.S. gasoline prices. “Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!” he tweeted Monday.

The U.S. has meanwhile allowed some of its allies — Greece, India, Italy, Japan, South Korea, Taiwan and Turkey — as well as rival China to continue to purchase Iranian oil despite reimposed sanctions, as long as they work to reduce their imports to zero.

Al-Falih, who on Sunday said the kingdom would cut production by over 500,000 barrels per day in December, said Monday that Saudi Arabia had been giving customers “100 percent of what they asked for.” That appeared to be a veiled reference to Trump.

Before the United States reimposed sanctions on Iran, “fear and anxiety gripped the market,” al-Falih said at the Abu Dhabi International Petroleum Exhibition & Conference. Now “we’re seeing the pendulum swing violently to the other side,” he added.

The energy minister of the United Arab Emirates, Suhail al-Mazrouei, currently the president of OPEC, said “changes” likely would be necessary as the oil cartel meets in December in Vienna. However, he added: “We need not to overreact when these things happen.”

Al-Falih said OPEC officials have seen analysis papers suggesting a production cut of upward of 1 million barrels of crude a day may be necessary to rebalance the market. However, he stressed that more study needed to be done.

“There are a lot of assumptions in their projections that may change,” al-Falih said. “We don’t want to throttle the global economy.”

A gallon of regular gasoline in the U.S. on average now sells for $2.69, down from $2.90 a month ago, according to AAA. Those lower prices likely quieted Trump, but production cuts could again boost prices at the pump.

Trump and volatility

Neither al-Falih nor al-Mazrouei directly criticized Trump, but Mohammed Hamad al-Rumhy, Oman’s oil and gas minister, blamed the U.S. president for some of the volatility striking the oil market. Oman, a sultanate on the eastern edge of the Arabian Peninsula, maintains close diplomatic ties to Iran and often serves as an interlocutor between Western powers and Tehran.

“Supply and demand is perhaps the easy part because you can measure it,” al-Rumhy said. It’s “extremely difficult to quantify what is happening in [the] White House — almost impossible.”

Iran, which has tense relations with Abu Dhabi, the capital of the UAE, did not have a high-level official at the summit.

Crude oil dropped to a low of $30 a barrel in January 2016. That forced OPEC to partner with non-OPEC countries, including Russia, to cut production to help prices rebound.

Benchmark Brent crude, which had been trading above $80 a barrel recently, now hovers just over $70 after the U.S. sanction waivers on Iran.

Fracking

Meanwhile, Sultan Ahmed al-Jaber, the head of the state-run Abu Dhabi National Oil Co., said the UAE planned to increase oil production to 4 million barrels a day by 2020 and 5 million barrels a day by 2030. The UAE now produces some 3 million barrels of oil a day.

Al-Jaber also said the UAE would begin fracking — injecting high-pressure mixtures of water, sand or gravel and chemicals — to gain access to otherwise unreachable natural gas reserves.

“Make no mistake: Hydrocarbons will continue to play an absolutely essential part of a diversified energy mix,” al-Jaber said.

But the highs and lows of the market need to end for both oil consumers and producers to profit, said al-Rumhy, the Omani official.

“If it was my heart beat going that way, I think I would be in the hospital right now,” he said.

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France to ‘Embed’ Regulators at Facebook to Combat Hate Speech

Facebook will allow French regulators to “embed” inside the company to examine how it combats online hate speech, the first time the wary tech giant has opened its doors in such a way, President Emmanuel Macron said Monday.

From January, Macron’s administration will send a small team of senior civil servants to the company for six months to verify Facebook’s goodwill and determine whether its checks on racist, sexist or hate-fueled speech could be improved.

“It’s a first,” Macron told the annual Internet Governance Forum in Paris. “I’m delighted by this very innovative experimental approach,” he said. “It’s an experiment, but a very important first step in my view.”

The trial project is an example of what Macron has called “smart regulation,” something he wants to extend to other tech leaders such as Google, Apple and Amazon.

The move follows a meeting with Facebook’s founder Mark Zuckerberg in May, when Macron invited the CEOs of some of the biggest tech firms to Paris, telling them they should work for the common good.

The officials may be seconded from the telecoms regulator and the interior and justice ministries, a government source said. Facebook said the selection was up to the French presidency.

It is unclear whether the group will have access to highly-sensitive material such as Facebook’s algorithms or codes to remove hate speech. It could travel to Facebook’s European headquarters in Dublin and global base in Menlo Park, California, if necessary, the company said.

“The best way to ensure that any regulation is smart and works for people is by governments, regulators and businesses working together to learn from each other and explore ideas,” Nick Clegg, the former British deputy prime minister who is now head of Facebook’s global affairs, said in a statement.

France’s approach to hate speech has contrasted sharply with Germany, Europe’s leading advocate of privacy.

Since January, Berlin has required sites to remove banned content within 24 hours or face fines of up to 50 million euros ($56 million). That has led to accusations of censorship.

France’s use of embedded regulators is modeled on what happens in its banking and nuclear industries.

“[Tech companies] now have the choice between something that is smart but intrusive and regulation that is wicked and plain stupid,” a French official said.

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Macron, Tech Giants Launch ‘Paris Call’ to Fix Internet Ills

France and U.S. technology giants including Microsoft on Monday urged world governments and companies to sign up to a new initiative to regulate the internet and fight threats such as cyberattacks, online censorship and hate speech.

With the launch of a declaration entitled the ‘Paris call for trust and security in cyberspace’, French President Emmanuel Macron is hoping to revive efforts to regulate cyberspace after the last round of United Nations negotiations failed in 2017.

In the document, which is supported by many European countries but, crucially, not China or Russia, the signatories urge governments to beef up protections against cyber meddling in elections and prevent the theft of trade secrets.

The Paris call was initially pushed for by tech companies but was redrafted by French officials to include work done by U.N. experts in recent years.

“The internet is a space currently managed by a technical community of private players. But it’s not governed. So now that half of humanity is online, we need to find new ways to organize the internet,” an official from Macron’s office said.

“Otherwise, the internet as we know it today – free, open and secure– will be damaged by the new threats.”

By launching the initiative a day after a weekend of commemorations marking the 100th anniversary of World War I, Macron hopes to promote his push for stronger global cooperation in the face of rising nationalism.

In another sign of the Trump administration’s reluctance to join international initiatives it sees as a bid to encroach on U.S. sovereignty, French officials said Washington might not become a signatory, though talks are continuing.

However, they said large U.S. tech companies including Facebook and Alphabet’s Google would sign up.

“The American ecosystem is very involved. It doesn’t mean that in the end the U.S. federal government won’t join us, talks are continuing, but the U.S. will be involved under other forms,” another French official said.

 

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