Electric Vehicles Poised to Go Mainstream

The bumper sticker on the back of Scott Wilson’s car reads, “This is what the end of gasoline looks like.”

And what does that car look like? A sleek, sci-fi experimental vehicle? A $100,000 Tesla luxury car? 

Nope. It’s just a Kia Soul EV, the battery-powered version of the Korean automaker’s boxy hatchback.

Once the domain of concept cars and hobbyists, electric vehicles are no longer so exotic. And sales are picking up. A record 150,000 of them sold last year in the United States.

“It used to be I knew everyone I saw that was driving an electric car,” said Wilson, the vice president of the Electric Vehicle Association of Greater Washington, D.C. “Now, I don’t.”

There are about to be a lot more strangers in EVs on the roads, many experts say.

Big carmakers, big plans

Volvo says every car it makes in 2019 and beyond will have an electric motor. General Motors says the company “believes in an all-electric future.” Bloomberg New Energy Finance (BNEF) predicts that in just over two decades, EVs will make up more than half of all vehicles sold.

Other analysts have more modest expectations. But even Exxon Mobil sees EVs topping 10 percent of the market by 2040.

Automakers hit a significant milestone in the past year. In December, General Motors launched the Chevrolet Bolt EV, the first car with a price tag under $40,000 and a range of more than 320 kilometers.

Automakers hit a significant milestone in the past year. In December, General Motors launched the Chevrolet Bolt EV, the first car with a price tag under $40,000 and a range of more than 320 kilometers.

That range is “basically double anything else that’s available at a comparable price,” said Chevrolet spokesman Fred Ligouri. Those figures “do wonders for getting beyond” what’s known as range anxiety, potential buyers’ fear of draining the battery before reaching their destination.

One-third of buyers have never owned an electric vehicle before.

“They went from (an) internal combustion engine vehicle right into pure electric,” an encouraging sign, Ligouri said.

The Bolt’s performance has impressed critics as well. Motor Trend magazine named the Bolt the 2017 Car of the Year.

The Bolt beat industry upstart Tesla to the mid-priced market. A modest 15,000 or so have been sold so far. But nearly a half-million people have ordered the Tesla Model 3, the company’s entrant into the mass market, despite long waits and slow production.

“Those are signals that there’s unmet demand for some of these new technologies,” said the World Resources Institute’s Eliot Metzger.

Electrification is cheaper than ever as the price of lithium ion batteries plummets faster than analysts expected. As costs come down, experts are moving up the date when electric vehicles can compete with internal combustion engines on price. BNEF puts that date in the second half of the next decade.

“We’re much further along than most researchers (and) industry insiders would have projected just two or three years ago,” said Nic Lutsey at the International Council on Clean Transportation.

China syndrome

Another reason the industry is moving fast: China.

Officials in the world’s biggest auto market will require carmakers to meet an electric vehicle quota starting in 2019.

Beijing aims to increase EVs’ share of the market from 1 to 2 percent today to around 4 percent in 2020.

“That’s a very large scale up within just several years,” Lutsey noted, but automakers say they can do it.

The push for electric vehicles is part of the government’s plan to clean up the toxic air in China’s major cities. Chinese officials are considering a ban on gas- and diesel-powered cars.

But it’s not just China. Pollution concerns in France, the United Kingdom, and India have officials there considering bans, too.

In the United States, the Trump administration aims to relax vehicle emissions standards, though state policies will likely complicate those efforts.

Without a push from government, experts say electric vehicles will have a hard time making major gains as long as gas prices are relatively low.

But as electric vehicle driver Wilson points out, that can change at any time.

“After the next crisis, when gas is $5 a gallon, then there will be waiting lists for cars like this,” he said.

Orange Is the New White? Unique Amber Wine Creates Buzz

The sloping vineyards of New York’s Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine.

 

The color comes not from citrus fruit, but by fermenting white wine grapes with their skins on before pressing – a practice that mirrors the way red wines are made. Lighter than reds and earthier than whites, orange wines have created a buzz in trendier quarters. And winemakers reviving the ancient practice like how the “skin-fermented” wines introduce more complex flavors to the bottle.  

 

“Pretty outgoing characteristics. Very spicy, peppery.  A lot of tea flavors, too, come through,” winemaker Vinny Aliperti said, taking a break from harvest duties at Atwater Estate Vineyards on Seneca Lake. “They’re more thoughtful wines. They’re more meditative.”

 

Atwater is among a few wineries encircling these glacier-carved lakes that have added orange to their mix of whites and reds. The practice dates back thousands of years, when winemakers in the Caucasus, a region located at the border of Europe and Asia, would ferment wine in buried clay jars. It has been revitalized in recent decades by vintners in Italy, California and elsewhere looking to connect wine to its roots or to conjure new tastes from the grapes. Or both. Clay jars are optional.

 

Aliperti has been experimenting with skin fermenting for years, first by blending a bit into traditional chardonnays to change up the flavor and more recently with full-on orange wines. This fall, he fermented Vignoles grapes with their skins in a stainless steel vat for a couple of weeks before pressing and then aging them in oak barrels.

Orange wines account for “far less than 1 percent” of what is handled by Southern Glazer’s Wine & Spirits, the nation’s largest distributor with about a quarter of the market, according to Eric Hemer, senior vice president and corporate director of wine education.

 

Hemer expects orange wines to remain a niche variety due to small-scale production, higher retail prices _ up to $200 for a premium bottle – and the nature of the wine.

 

“It’s not a wine that’s going to appeal to the novice consumer or the mainstream wine drinker,” Hemer said. “It really takes a little bit more of, I think, a sophisticated palate.”

 

The wines have caught on in recent years among connoisseurs who like the depth of flavors, sommeliers who can regale customers with tales of ancient techniques and drinkers looking for something different. Christopher Nicolson, managing winemaker at Red Hook Winery in Brooklyn, said the wines hit their “crest of hipness” a couple of years ago, though they remain popular.

 

“I think they’re viewed by these younger drinkers as, ‘Oh, this is something new and fresh. And they’re breaking the rules of these Van Dyke-wearing, monocled … fusty old wine appreciators,’” Nicolson said.

 

It’s not for everyone. The rich flavors can come at the expense of the light, fruity feel that some white wine drinkers crave. And first-time drinkers can be thrown by seeing an orange chardonnay in their glasses.

 

“Actually I wasn’t sure because of the color, but it has a really nice flavor,” said Debbie Morris, of Chandler, Arizona, who tried a sip recently at Atwater’s tasting room. “I’m not a chardonnay person normally, but I would drink this.”

Electric Vehicles Poised for Mainstream, Experts Say

Electric cars have been a futuristic promise for decades. And electric vehicles finally appear poised to enter the mainstream. Major carmakers, from Volvo to General Motors, are proclaiming the future is electric. VOA’s Steve Baragona has a look at how soon that future may arrive.

FBI Couldn’t Access Nearly 7K Devices Because of Encryption

The FBI hasn’t been able to retrieve data from more than half of the mobile devices it tried to access in less than a year, FBI Director Christopher Wray said Sunday, turning up the heat on a debate between technology companies and law enforcement officials trying to recover encrypted communications.

 

In the first 11 months of the fiscal year, federal agents were unable to access the content of more than 6,900 mobile devices, Wray said in a speech at the International Association of Chiefs of Police conference in Philadelphia.

 

“To put it mildly, this is a huge, huge problem,” Wray said. “It impacts investigations across the board – narcotics, human trafficking, counterterrorism, counterintelligence, gangs, organized crime, child exploitation.”

 

The FBI and other law enforcement officials have long complained about being unable to unlock and recover evidence from cellphones and other devices seized from suspects even if they have a warrant, while technology companies have insisted they must protect customers’ digital privacy.

The long-simmering debate was on display in 2016, when the Justice Department tried to force Apple to unlock an encrypted cellphone used by a gunman in a terrorist attack in San Bernardino, California. The department eventually relented after the FBI said it paid an unidentified vendor who provided a tool to unlock the phone and no longer needed Apple’s assistance, avoiding a court showdown.

The Justice Department under President Donald Trump has suggested it will be aggressive in seeking access to encrypted information from technology companies. But in a recent speech, Deputy Attorney General Rod Rosenstein stopped short of saying exactly what action it might take.

 

“I get it, there’s a balance that needs to be struck between encryption and the importance of giving us the tools we need to keep the public safe,” Wray said.

 

In a wide-ranging speech to hundreds of police leaders from across the globe, Wray also touted the FBI’s partnerships with local and federal law enforcement agencies to combat terrorism and violent crime.

 

“The threats that we face keep accumulating, they are complex, they are varied,” Wray said, describing threats from foreign terror organizations and homegrown extremists.

Wray also decried a potential “blind spot” for intelligence gathering if Congress doesn’t reauthorize an intelligence surveillance law set to expire at the end of the year. The Foreign Intelligence Surveillance Act allows the government to collect information about militants, people suspected of cyber crimes or proliferation of weapons of mass destruction, and other foreign targets outside the United States. Intelligence and law enforcement officials say the act is vital to national security.

 

A section of the act permits the government, under the oversight of the Foreign Intelligence Surveillance Court, to target non-Americans outside the United States.

 

“If it doesn’t get renewed or reauthorized, essentially in the form that it already is, we’re about to get another blind spot,” Wray said.

South African Bakery Slices Prices and Sees Sales Skyrocket

A bakery in a low-income area of Johannesburg slashed prices of its popular bread, with unexpected results. What started as a way to help feed the community became a recipe for success as the bakery has a lot more business than ever. VOA’s Arash Arabasadi reports.

((NARRATOR))

Mugabe Removed as WHO Goodwill Ambassador

The World Health Organization rescinded Sunday its appointment of Zimbabwe’s longtime President Robert Mugabe as a goodwill ambassador.

“I have listened carefully to all who have expressed their concerns, and heard the different issues that they have raised. I have also consulted with the Government of Zimbabwe and we have concluded that this decision is in the best interests of the World Health Organization,” WHO Director General Tedros Adhanom Ghebreyesus said in a statement.

Tedros, who became head of the WHO in July, had announced his appointment of Mugabe two days earlier during a conference in Uruguay, saying that Zimbabwe could “influence his peers in his region” and praising the country’s commitment to providing health care for all.

But over two dozen organizations quickly released a statement slamming the decision, saying health officials were “shocked and deeply concerned” — citing Mugabe’s record of human rights abuses and claiming that the country’s healthcare system has collapsed under his nearly 30-year rule.

The United States called the appointment of Mugabe by WHO’s first African leader “disappointing.”

The United States has maintained sanctions on Zimbabwe since 2003, citing the leader’s use use of millions of dollars to travel abroad, human rights abuses, and accusations of electoral fraud.

Artist Gives Invasive Plant Species New Life

For almost 15 years, environmental activist Patterson Clark has been one of the U.S. National Park Service volunteers who go through forests and remove invasive plants. Because he knew how destructive these plants can be, killing their native host trees, increasing soil erosion, and causing major damage to streams and other wetland areas, Clark had already developed an antagonistic relationship with them.

“One day, when I was pulling a plant, I thought, how can I change my relationship with this plant so it’s not just eradication, taking something’s life?,” he wondered. “Since then, I’ve been harvesting plants, rather than just killing them. Some people who volunteer to pull weeds are called warriors. I don’t consider myself a warrior, I’m more of a gatherer.”

The artist, graphic editor and self-described “weed gatherer” now gives these plants a new life.

“When I first work with a plant, I call that prospecting,” he said. “I’ll sit with the plant, study its nature, cut it, bring it back into the studio, and then start running tests on it to see if it’s good for pigment [or] paper [or] other kinds of fiber.”

White mulberry produces paper

Over the years, Clark has developed a fondness for some of the weeds, like white mulberry.

“It offers paper, the strongest, whitest paper, pretty good lumber, fuel, [and] ash from that fuel is used to create a chemical used to break down the inner bark to make paper,” he says.

That’s a multistep process that takes long hours of work, and a lot of patience. Clark estimates it takes 20 minutes to cut down the plant, 30 minutes to steam it, five minutes to strip the bark, three hours to scrape it, an hour to cook it, 20 minutes to wash it and another hour to beat it. Then, he molds the sheet and lets it dry overnight. He’s rewarded with a stack of unique papers that have become art.

Bushes offer colors

Clark extracts the inks he uses in his paintings and prints from a variety of invasive vines and bushes.

“I take some ivy leaves and put them in ethanol,” he explains. “That’s how we get the green ink. Multiflora rose, the stems give us red ink. Bush honeysuckle, the inner bark provides an aqua color. And the leatherleaf mahonia, the inner bark of that, put it in ethanol, creates a fluorescent yellow color.”

Each print Clark creates includes all the plants he’s collected.

“I also include the landscape where these plants came from,” he says. “Sometimes I will include a volunteer pulling plants, or a tool used to process the plants, but all of these are part of the design.”

Creating art

Clark uses a computer to create his designs.

“I still use digital techniques in this work to expedite the process. Any tool or device that allows me to consume more weeds is good in my book,” he says. “The more weeds I consume, the more space I create for the return of native plants and native animals. So, it’s an environmental practice.”

He cuts his design into a block of wood by laser. Then, he applies his plant-based ink onto the block and presses it onto the handmade paper, repeating the process for each color.

Clark also makes frames for his prints from foraged plants, which attracts a lot of attention and admiration when he shows them in art exhibits.

“I do appreciate the compliments,” he admits, “but one thing I have heard some concern about is the archival quality of these prints. Some of the pigments that I use will last for a long time. Some of the brighter colors, however, if put in really bright light, will eventually fade a little bit. So, I encourage people who buy a print to put it in low light or keep it in a folio. That’s how I’d like these things to be treated.”

With his artistic treatment of invasive species, Patterson Clark is turning them into something that is actually valued.

 

 

Chinese Propaganda Battles Pop Culture for Young Hearts, Minds

When the propaganda film, “The Founding of an Army,” hit theaters in China recently, the reaction wasn’t quite what the ruling Communist Party might have hoped for.

Instead of inspiring an outpouring of nationalism and self-sacrifice for the state, it was roundly mocked for trying to lure a younger audience by casting teen idols as revolutionary party leaders.

Viewers more used to seeing the idols play love interests in light-hearted soap operas responded to the film by projecting “modern-day romantic narratives on the founding fathers of the nation,” said Hung Huang, a well-known social commentator based in Beijing. “It was hilarious.”

Limiting Western influence

While China’s resurgent Communist Party once pushed its policies on an unquestioning public, it now struggles to compete for attention with the country’s booming entertainment industry and the celebrity culture it has spawned.

“Chinese people are increasingly ignoring party propaganda and are much more interested in movie stars, who represent a new lifestyle and more exciting aspirations,” said Willy Lam, an expert on Chinese politics at the Chinese University of Hong Kong.

President Xi Jinping, who will cement his authority with his expected endorsement to a second five-year term at this week’s national party congress, has placed a priority on stamping out too much Western influence in Chinese society in part so the party can dictate the values the youth should embrace.

Authorities have responded by taking aim at everything from gossip websites to soap opera story lines to celebrity salaries. Instead of selfish, rich stars, the state is promoting performers who are all about patriotism, purity and other values that support the party’s legitimacy.

​Party values vs. youth interests

The results have at best been mixed and at worst ham-fisted and out of touch.

One problem is that the party’s values often clash with what young Chinese want to watch, according to Hung. Among the more popular shows watched by Chinese youth are those that center on palace intrigue, martial arts fantasies, high school romances or single, independent women.

“While the government could once dictate to young people what they should value and how they should lead their lives, they find themselves completely without the tools to do that now,” she said.

In the 1970s, the state was able to promote people seen as paragons of youthful devotion and selflessness, but Hung said that no longer works because young Chinese — like their counterparts in the West — now prefer to follow celebrity gossip and have the tools with which to do so.

Just this month, teen idol Lu Han, also known as China’s Justin Bieber, announced he had a girlfriend, triggering a flood of shares, responses and 4 million “likes” within a few hours that briefly crashed the country’s popular Weibo microblog service.

A recent commentary in The Global Times, a party newspaper with a nationalistic stance, railed against such celebrity worship, saying China had now surpassed the West in that regard.

That was likely a reason the government-backed China Alliance of Radio, Film and Television moved last month to cap the pay of actors, whose salaries had hit historic highs as young Chinese and a burgeoning middle class increasingly spend on movie tickets and goods.

​Gossip sites closed

In another move earlier this year, authorities closed 60 popular celebrity gossip and social media accounts and called on internet giants such as Tencent and Baidu to “actively propagate core socialist values, and create an ever-healthier environment for the mainstream public opinion.”

The tension between popular culture and state propaganda isn’t new in China. In the 1980s, Deng Xiaoping’s lieutenants railed against spiritual pollution. But it has gained new traction since Xi came to power in 2012 and officials began a wide-ranging crackdown on perceived societal ills from corruption to dissent to — now — entertainment.

“Xi Jinping has been advocating a revision to traditional, Confucian moral standards,” Lam said. “The definition of what is vulgar or morally problematic has been inflated and expanded so that it has become all-encompassing.”

Shows about the pursuit of great wealth and luxury that used to be tolerated under Xi’s predecessor, aren’t anymore.

The government has demanded that broadcasters “resist celebrity worship” and limit the air time dedicated to film and TV stars.

“The party does not want these entertainment programs to compete with news programs and ‘morality shows,’” said Jian Xu, a Chinese media research fellow at Deakin University in Melbourne, Australia.

The government has also tried to shape some celebrities into party-sanctioned role models.

Thanks to their wholesome image and uplifting, patriotic lyrics, the TFboys, China’s first home-grown boy band, have risen to fame because of “political opportunities” they’ve been given, Xu said. The band is pursued by adoring fans and has performed twice on the coveted Lunar New Year gala hosted by state broadcaster China Central Television; it has also been promoted by the Communist Youth League.

Stars deviating from the party’s image of purity and moral acceptability, however, have been punished. In a high-profile drug crackdown in 2014, authorities publicly chastised a succession of celebrities caught using drugs, including Jackie Chan’s son, Jaycee Chan, and singer Li Daimo, forcing them to apologize on state television.

Pakistan Still Struggles to Enforce Laws Against Early Marriage

Despite laws banning child marriage, rights groups in Pakistan say the problem continues, partly because of a desire to follow tradition, and partly because of poverty. No matter the reason, development experts say early marriage hurts the education and health prospects for girls. Sahar Majid brings us this report by Saman Khan from VOA’s Urdu service in Lahore.

Helping Autistic Children Fit in by Educating Their Peers

Autistic children often have social difficulties. They tend to linger on the edges of social groups at school and have fewer friendships than those without the condition. But that can change, if their classmates understand them and give them a chance. As Faiza Elmasry tells us, an Australian mother wrote and illustrated a children’s book to help kids do that. Faith Lapidus narrates.

Fed’s Powell, Economist Taylor, Yellen on Trump’s Federal Reserve List

President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change.

Under that scenario, either Powell or Taylor would take the reins from Fed Chair Janet Yellen when her term expires in early February, and the other would fill the vice chair position left vacant when Stanley Fischer retired this month.

“That is something that is under consideration, but he hasn’t ruled out a number of options. He’ll have an announcement on that soon, in the coming days,” White House spokeswoman Sarah Sanders told reporters Friday.

​Powell a centrist

Making Powell, a soft-spoken centrist who has supported Yellen’s gradual approach to raising interest rates, the next Fed chief would provide the continuity in monetary policy that investors crave.

The addition of Taylor, who has backed an overhaul of the Fed and embraced a more rigid rule-oriented monetary policy, would be a feather in the cap of conservative Republicans who feel that monetary policy has been too loose under Yellen, who was named as Fed chair by Democratic President Barack Obama and has led the central bank since February 2014.

“I think Powell might be the safer pick insofar as we know what we’re getting,” said Michael Feroli, chief U.S. economist at J.P. Morgan Chase. “He’s a guy who obviously knows the Fed culture, how the (policy-setting) committee operates, so for some of those soft skills we know he would be effective.”

Powell has embraced the Yellen Fed’s monetary policy, keeping the faith that a tighter job market will eventually push wages higher and end a lengthy period of worryingly low inflation.

Taylor has spent the last two decades refining and advocating wider use of a rule that lays out where interest rates ought to be, given certain conditions of inflation and the broader economy. His rule implies that rates should be higher than they are now.

​Yellen’s defense

Yellen, speaking at an economic conference in Washington Friday evening, mounted a strong defense of the tools the Fed has used to fight the sharp economic downturn triggered by the financial crisis and said there was a risk of another crisis in which those “unconventional policies” may be needed again.

Yellen, who Trump has indicated could still be named to another term as Fed chair, was not asked about the Fed job and did not offer any comment on the selection process.

Taylor inflexible?

Although Taylor is highly regarded within the Fed, his rule-based rate-setting position has spurred criticism that he would handcuff U.S. monetary policy.

Taylor pushed back at a meeting at the Boston Fed on Saturday, saying he favored a flexible implementation of policy rules and did not want to tie the Fed’s hands or suggest that he was motivated by a distrust of policymakers.

“I think that’s completely incorrect,” he said. “I trust policymakers; (rules) are an effort to make policy better.”

Some analysts suggest that fears that Taylor would bring an inflexible monetary policy with him to the Fed, as some Republicans in Congress hope, are likely exaggerated.

“There is some scope for disappointment if people think putting Taylor in will just lead to mechanical-based policy,” Feroli said.

Cleveland Fed President Loretta Mester, speaking with reporters Friday, seemed to agree.

“Even if you pick a rule, the rule itself would need to be modified given the structure of the economy,” she said. “But I do think being systematic, looking at the kinds of information we look at systematically over time, articulating our strategy for policy and being less discretionary is a good idea.”

Confusing signal

At the same time, there are concerns that the combination of Powell and Taylor atop the world’s most powerful central bank could send a confusing signal to markets.

It is unclear whether Trump, who has criticized Yellen’s stewardship but also said on several occasions that he preferred rates to stay low, wants to dramatically alter the Fed’s direction.

Although he appears to be tilting to Powell and Taylor, in addition to Yellen the Republican president has interviewed his top economic adviser Gary Cohn and former Fed Governor Kevin Warsh for the Fed chief position.

US Warns About Attacks On Energy, Industrial Firms

The Department of Homeland Security and Federal Bureau of Investigation warned in a report distributed by email late on Friday that the nuclear, energy, aviation, water and critical manufacturing industries have been targeted along with government entities in attacks dating back to at least May.

The agencies warned that hackers had succeeded in compromising some targeted networks, but did not identify specific victims or describe any cases of sabotage.

The objective of the attackers is to compromise organizational networks with malicious emails and tainted websites to obtain credentials for accessing computer networks of their targets, the report said.

U.S. authorities have been monitoring the activity for months, which they initially detailed in a confidential June report first reported by Reuters. That document, which was privately distributed to firms at risk of attacks, described a narrower set of activity focusing on the nuclear, energy and critical manufacturing sectors.

Department of Homeland Security spokesman Scott McConnell declined to elaborate on the information in the report or say what prompted the government to go public with the information at this time.

“The technical alert provides recommendations to prevent and mitigate malicious cyber activity targeting multiple sectors and reiterated our commitment to remain vigilant for new threats,” he said.

The FBI declined to comment on the report, which security researchers said described an escalation in targeting of infrastructure in Europe and the United States that had been described in recent reports from private firms, including Symantec Corp.

“This is very aggressive activity,” said Robert Lee, an expert in securing industrial networks.

Lee, chief executive of cyber-security firm Dragos, said the report appears to describe hackers working in the interests of the Russian government, though he declined to elaborate. Dragos is also monitoring other groups targeting infrastructure that appear to be aligned with China, Iran, North Korea, he said.

The hacking described in the government report is unlikely to result in dramatic attacks in the near term, Lee said, but he added that it is still troubling: “We don’t want our adversaries learning enough to be able to do things that are disruptive later.”

The report said that hackers have succeeded in infiltrating some targets, including at least one energy generator, and conducting reconnaissance on their networks. It was accompanied by six technical documents describing malware used in the attacks.

Homeland Security “has confidence that this campaign is still ongoing and threat actors are actively pursuing their objectives over a long-term campaign,” the report said.

The report said the attacker was the same as one described by Symantec in a September report that warned advanced hackers had penetrated the systems controlling operations of some U.S.

and European energy companies.

Symantec researcher Vikram Thakur said in an email that much of the contents of Friday’s report were previously known within the security community.

Cyber-security firm CrowdStrike said the technical indicators described in the report suggested the attacks were the work of a hacking group it calls Berserk Bear, which is affiliated with the Russian Federation and has targeted the energy, financial and transportation industries.

“We have not observed any destructive action by this actor,” CrowdStrike Vice President Adam Meyers said in an email.

Turkey Bank Regulator Dismisses ‘Rumors’ After Iran Sanctions Report

Turkey’s banking regulator urged the public on Saturday to ignore rumors about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions.

“It has been brought to the public’s attention that stories, that are rumors in nature, about our banks are not based on documents or facts, and should not be heeded,” the BDDK banking regulator said in a statement, adding that Turkey’s banks were functioning well.

The Haberturk newspaper on Saturday reported that six banks potentially face substantial fines, citing senior banking sources. It did not name the banks. One bank faces a penalty in excess of $5 billion, while the rest of the fines will be lower, it said.

Asked to comment, a spokesman for the U.S. Treasury, which is responsible for U.S. sanctions regimes, said only: “Treasury doesn’t telegraph intentions or prospective actions.”

Two senior Turkish economy officials told Reuters Turkey has not received any notice from Washington about such penalties, adding that U.S. regulators would normally inform the finance ministry’s financial crimes investigation board.

U.S. authorities have hit global banks with billions of dollars in fines over violations of sanctions with Iran and other countries in recent years.

The administration of U.S. President Donald Trump last week adopted a harsh new approach to Iran by refusing to certify its compliance with a nuclear deal struck with the United States and five other powers including Britain, France and Germany under his predecessor Barack Obama.

Trump argues the deal was too lenient and has effectively left its fate up to the U.S. Congress, which might try to modify it or bring back U.S. sanctions previously imposed on Iran.

Last week, the U.S. Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker said Trump’s strategy involved placing additional sanctions on Tehran and that Washington had been “engaging our allies and partners” with the aim of denying funds to Iran’s Revolutionary Guard Corps.

The Haberturk report comes as relations between Washington and Ankara, which are NATO allies, have been strained by a series of diplomatic rows, prompting both countries to cut back issuing visas to each other’s citizens.

U.S. prosecutors last month charged a former Turkish economy minister and the ex-head of a state-owned bank with conspiring to violate Iran sanctions by illegally moving hundreds of millions of dollars through the U.S. financial system on Tehran’s behalf.

President Erdogan has dismissed the charges as politically motivated, and tantamount to an attack on the Turkish Republic.

The charges stem from the case against Reza Zarrab, a wealthy Turkish-Iranian gold trader who was arrested in the United States over sanctions evasion last year. Erdogan has said U.S. authorities had “ulterior motives” in charging Zarrab, who has pleaded not guilty.

Georgia Rep. Price Says HIV Comments Taken Out of Context

Georgia Rep. Betty Price says her comments on people with HIV that ignited a national firestorm were “taken completely out of context.”

Price, the wife of former U.S. Health Secretary Tom Price, was in a legislative committee meeting Tuesday when she asked a state health official whether people with HIV could legally be quarantined.

The Atlanta Journal-Constitution reports Price said Saturday that she was just being “provocative.”

She said a health official had presented that Georgia is second only to Louisiana in the rate of new infections. Part of the reason is that more than a third of Georgians with HIV are not receiving care for it. She said that’s what sparked her “rhetorical” comments.

“I do not support a quarantine in this public health challenge and dilemma of undertreated HIV patients,” Price said in a statement. “I do, however, wish to light a fire under all of us with responsibility in the public health arena _ a fire that will result in resolve and commitment to ensure that all of our fellow citizens with HIV will receive, and adhere to, a treatment regimen that will enhance their quality of life and protect the health of the public. I look forward to continuing to work with all to accomplish this goal.”

Price, a Republican whose district includes parts of Atlanta’s northern suburbs, asked the head of the Georgia Department of Public Health’s HIV Epidemiology Section about stopping the spread of HIV, the virus that causes AIDS.

“What are we legally able to do? I don’t want to say the quarantine word, but I guess I just said it,” Price can be seen asking the official, Dr. Pascale Wortley, in a video of the study committee meeting on barriers to adequate health care.

“Is there an ability, since I would guess that public dollars are expended heavily in prophylaxis and treatment of this condition, so we have a public interest in curtailing the spread,” she continued. “Are there any methods, legally, that we could do that would curtail the spread?”

Like her husband, who resigned last month as Health and Human Services secretary after an outcry over his use of costly private planes for official travel, Betty Price is a doctor. Her legislative biography says she worked as an anesthesiologist for more than two decades, served on the boards of the Medical Association of Atlanta and the Medical Association of Georgia and is a past president of the American Medical Women’s Association in Atlanta.

In 2015, Georgia ranked fifth highest in the country for the number of adults and adolescents living with HIV, according to a fact sheet on the state’s Department of Public Health website. The total number of people living with HIV infection in Georgia on Dec. 31 of that year was 54,574 and nearly two-thirds of them lived in the Atlanta metro area.

Project Q Atlanta, a website serving the city’s gay community, was the first to report Price’s comments.

Era Ends: Hong Kong Stock Trading Floor to Close

Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall.

The bourse’s operator, Hong Kong Exchanges & Clearing, says it will close the trading hall by the end of the month and turn the space into a showcase for the city’s financial markets.

Yip Wing-keung, a trading manager at brokerage Christfund Securities, donned his red trading jacket for the last time Friday, his final day on the floor. He and the other few floor traders left have been moving out ahead of the closure.

Computerized trading

The shutdown marks the end of an era for the stock market, which symbolized the city’s ascent as an Asian finance hub. Activity on the floor, one of a few such venues left worldwide, dwindled as stock dealing became fully computerized.

“I feel sadness and regret,” said Yip, who has been a floor trader since the hall was opened in 1986 after four previous exchanges were merged. “Hong Kong is one of the world’s financial centers, but if we don’t have the stock market trading hall, it will be a little sorrowful. This is my own individual reflection.”

Yip said the floor traders resisted the closure. They sent a protest letter to the government but it was in vain.

“We wrote it but were overruled,” he said. “We can’t stop the times from changing.”

Peers disappearing, too

Hong Kong’s stock exchange, Asia’s third biggest by volume, follows other global peers like Tokyo, Singapore and London that have eliminated their trading floors.

In the U.S., floor traders at the New York Stock Exchange still provide the backdrop for financial TV news reports and bell-ringing ceremonies. But Chicago and New York commodity futures trading pits, where traders used old-fashioned “open outcry” techniques, have shut in recent years as volume fell to 1 percent of the total.

Hong Kong Exchanges stopped updating stats for floor trading in 2014, when it accounted for less than 1 percent of monthly turnover.

From 900 desks to 62

In the 1980s and 1990s the hall housed more than 900 trading desks. The exchange’s most recent count showed only 62 dealing desks were leased, with about 30 traders showing up on an average day. On a visit to the hall this week, only about seven traders could be seen.

Back in its heyday, floor trading was computer-assisted but dealers still needed to talk to each other to complete transactions, either by phone or in person, depending on how far away they sat from each other, Yip said.

“If they were too far you had to use the internal phone line, but if you couldn’t get through, you had to run over to them,” he said. “So you saw lots of people running back and forth.”

These days, Yip just punches orders into his computer.

“Now it’s more comfortable” but relationships with other traders are not as good as they used to be, Yip said.

He doesn’t look forward to returning to his head office.

“It won’t be so free,” he said.

Kids, Screens and Parental Guilt: Time to Relax a Bit?

Parents of small children have long been hearing about the perils of “screen time.” And with more screens, and new technologies such as Amazon’s Echo speaker, the message is getting louder.

And while plenty of parents are feeling guilty about it, some experts say it might be time to relax a little.

Go ahead and hand your kid a gadget now and then to cook dinner or get some work done. Not all kids can entertain themselves quietly, especially when they are young. Try that, and see how long it takes your toddler to start fishing a banana peel out of the overflowing trash can.

“I know I should limit my kid’s screen time a lot, but there is reality,” said Dorothy Jean Chang, who works for a tech company in New York and has a 2-year-old son. When she needs to work or finds her son awake too early, “it’s the best, easiest way to keep him occupied and quiet.”

Screen time, she says, “definitely happens more often than I like to admit.”

She’s not alone. Common Sense Media, a nonprofit group focused on kids’ use of media and technology, said in a report Thursday that kids ages 8 and younger average about 2 hours and 19 minutes with screens every day at home. That’s about the same as in 2011, though it’s up from an hour and a half in 2013, the last time the survey was conducted, when smartphones were not yet ubiquitous but TV watching was on the decline.

While the overall numbers have held steady in recent years, kids are shifting to mobile devices and other new technologies, just as their parents are. The survey found that kids spend an average of 48 minutes a day on mobile devices, up from 15 minutes in 2013. Kids are also getting exposed to voice-activated assistants, virtual reality and internet-connected toys, for which few guidelines exist because they are so new.

​Mixed message

Some parents and experts worry that screens are taking time away from exercise and learning. But studies are inconclusive. 

The economist Emily Oster said studies have found that kids who watch a lot of TV tend to be poorer, belong to minority groups and have parents with less education, all factors that contribute to higher levels of obesity and lower test scores. For that reason, it’s “difficult to draw strong conclusions about the effects of television from this research,” Oster wrote in 2015.

In fact, the Common Sense survey found that kids whose parents have higher incomes and education spend “substantially less time” with screens than other children. The gap was larger in 2017 than in previous years.

Rules relaxed

For more than a quarter century, the American Academy of Pediatrics held that kids under 2 should not be exposed to screens at all, and older kids should have strict limits. The rules have relaxed, such that video calls with grandma are OK, though “entertainment” television still isn’t. Even so, guidelines still feel out of touch for many parents who use screens of various sizes to preserve their sanity and get things done.

Jen Bjorem, a pediatric speech pathologist in Leawood, Kansas, said that while it’s “quite unrealistic” for many families to totally do away with screen time, balance is key.

“Screen time can be a relief for many parents during times of high stress or just needing a break,” she said.

Moderation

Bjorem recommends using “visual schedules” that toddlers can understand to set limits. Instead of words, these schedules have images — dinner, bed time, reading or TV time, for example. 

Another idea for toddlers? “Sensory bins,” or plastic tubs filled with beads, dry pasta and other stuff kids can play around with and, ideally, be just as absorbed as in mobile app or an episode of “Elmo.”

Of course, some kids will play with these carefully crafted, Pinterest-worthy bins for only a few minutes. Then they might start throwing beans and pasta all over your living room. So you clean up, put away the bins and turn on the TV.

In an interview, Oster said that while screen time “is probably not as good for your kid as high-quality engagement” with parents, such engagement is probably not something we can give our kids all the time anyway.

“Sometimes you just need them to watch a little bit of TV because you have to do something, or you need (it) to be a better parent,” Oster said.

Judge Tosses $400 Million Verdict in Cancer, Talc Powder Case

A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene.

The ruling by Los Angeles Superior Court Judge Maren Nelson marked the latest setback facing women and family members who accuse J&J of not adequately warning consumers about the cancer risks of its talc-based products.

The decision followed a jury’s decision in August to hit J&J with the largest verdict to date in the litigation, awarding California resident Eva Echeverria $70 million in compensatory damages and $347 million in punitive damages.

New trial

Nelson on Friday reversed the jury verdict and granted J&J’s request for a new trial. Nelson said the August trial was underpinned by errors and insufficient evidence on both sides, culminating in excessive damages.

Mark Robinson, who represented the woman in her lawsuit, in a statement said he would file an appeal immediately.

“We will continue to fight on behalf of all women who have been impacted by this dangerous product,” he said.

J&J in a statement said it was pleased with the verdict, adding that it will continue to defend itself in additional trials.

The judge added that there also had been misconduct of the jury during the trial.

J&J said declarations by two jurors after the trial showed that three members of the 12-person jury who voted against finding the company liable were improperly excluded from determining damages.

Nearly 5,000 plaintiffs

J&J says it faces lawsuits by 4,800 plaintiffs nationally asserting talc-related claims. Many of those cases are in California, where Echeverria’s case was the first to go to trial, and in Missouri, where J&J has faced five trials.

The Missouri litigation led to four verdicts against J&J in which juries issued verdicts totaling $307 million. The company has won one trial.

But the Missouri cases, which have largely been brought by out-of-state plaintiffs, have faced jurisdictional questions after the Supreme Court issued a ruling in June that limited where personal injury lawsuits could be filed.

On Tuesday, a Missouri appellate court threw out a $72 million verdict by a jury in February 2016 to the family of a deceased Alabama woman after ruling the case should not have been tried in St. Louis.

Film Explores an America of Poverty Alongside Disneyworld’s Glitter

Millions of children the world over dream of visiting Disneyworld. But Sean Baker’s heartbreaking film The Florida Project, throws light on those living in dire poverty in the shadow of Cinderella’s castle in Orlando.

The film underscores the social divide in America through the eyes and lives of children. The film follows precocious 6-year-old Moonee and her friends, roaming around in the sweltering Florida summer months.

They live in cheap motels like the “Magic Castle,” and receive little to no supervision from their single, underemployed or unemployed mothers.

Baker said he wanted to reveal the darker underbelly of an America that barely subsists.

 

WATCH: An America of Poverty Subsists Alongside the Glitter of Disney World

“My co-screenwriter brought this topic to my attention and the fact that there are families with children living in budget motels outside what we consider ‘The happiest place on earth,’ a place for children, and that juxtaposition obviously grabbed me,” the filmmaker said.

Inspired by Little Rascals

Baker says he was also inspired by the Little Rascals, the comic shorts about a gang of children getting into trouble in the 1920s and 1930s. The series was set against the Great Depression, depicting poverty through the life and resilience of children.

Baker says, Brooklynn Prince, who plays the boisterous Moonee is the present day Spanky McFarland, one of the main characters in Little Rascals.

Moonee’s childlike pranks verge into serious offenses. 

“Spanky was the quintessential little rascal, and I said, ‘We are not going to move forward unless we find him’ and one day, Brooklynn Prince walks in the room for the audition and she has all the wonderful cuteness, the wit, the absolute hilarity,” Baker said.

The motel manager, Bobby, is the only character played by a big star, Willem Dafoe. Bobby is the only one who can barely supervise these unruly kids. He is both the disciplinarian and a protector of these children.

Baker says Dafoe’s character was inspired by a real low-budget motel manager in Florida.

“When Willem Dafoe was actually cast, he wanted to understand the world as much as we did,” Baker said. “He wanted to understand his character, so he actually came a week early from production, before we even needed him, and he interviewed this gentleman, he interviewed others. I think he absorbed, he started to develop his character by being there and understanding the situation. And then, one day, he comes to the set and he has this spray tan on, he had all kinds of accessories he chose building this Florida man as his character.” 

Putting life in danger

Bria Vinaite inhabits Moonee’s infantile mother, Halley. She loves her daughter and tries to stay positive. But she is unable to get a job or any kind of child support and slowly crumbles.

To survive, she ends up becoming a sex worker, unwittingly putting her life and her daughter’s life a risk. Vinaite says she drew from real-life women who have fallen by the wayside.

“You have a daughter you have to take care of, a roof to put over her head, food, and then, on top of that, you have to take care of yourself. And I feel like in her situation, her concerns are not even important to her. It’s about Moonie. And it’s just so admirable that she doesn’t give up even till the very end,” Vinaite said.

During one of the film’s screenings, she says she was approached by a European fan, who told her how European countries provide social support and free day care for children of single unemployed mothers. Not here, she says.

“It makes you wonder: What is wrong with the government, for them not to care for such drastic situations that really mold these children, their whole lives? No child should have to experience that,” Vinaite said.

Vinaite says before she was cast for the role she had no idea that there were single mothers living day to day, hand to mouth, one step from homelessness.

“(Filmmaker) Sean (Baker) had flown me out for an audition to the area, drove me around where we would be filming and introduced me to some of the women, who lived in these motels, and I remember I went back to my hotel room and I started crying because I was so shocked,” she said.

Newcomers

Baker found Vinaite, a newcomer, on Instagram. He says he wanted new people who would give authenticity to the story. He definitely succeeds.

Both Vinaite and Brooklynn, who had never acted before, deliver tour de force performances. As the film turns darker, young Brooklynn emotes such pain as Moonee, she might earn an Oscar nomination.

“I cry at the end, too; like on the screen,” Brooklynn said. “I cry. I cried just watching it and I’m like Brooklynn! You have mascara on!”

Moonee’s childlike optimism is tested by the stark reality that an uncaring society will ultimately decide her fate. But ultimately, Moonee finds refuge in her childlike perception of the world.

China Set to Spend Billions on ‘One Belt One Road,’ But Some Want Focus on Poverty

Running 1,300 kilometers over the world’s highest mountain pass, the “Friendship,” or Karakoram, Highway is evidence of China’s willingness to spend big as a contributor to global development.

Costing tens of billions of dollars, the road links western China with Pakistan, part of Beijing’s “One Belt One Road” Initiative, which seeks to rekindle ancient Silk Road trade routes linking China with Europe and Africa and is a central tenet of President Xi Jinping’s leadership, said professor Steve Tsang of London’s School of Oriental and African Studies. 

“The government is committed to do whatever it can to make sure that it is successful,” Tsang said. “So a lot more money and resources will be put into it to support that.”

But figures show that since the Karakoram Highway was built, Pakistani exports to China have fallen while imports have increased, raising concern China’s new Silk Road could become a one-way street. 

WATCH: China to Spend Billions More on ‘One Belt’ Initiative, but Campaigners Want Focus on Poverty

​Address poverty

Stephen Gelb of the Overseas Development Institute says Beijing should focus its investments on global development goals.

“At the moment there’s a lot of focus on infrastructure and particularly transport, pipelines, that sort of thing, which don’t directly address poverty,” Gelb said. “And in fact there’s been in some cases some controversy about the social and environmental impacts. But I think the focus should be to address development, including poverty and related issues.”

Gliding above the choking traffic of the Ethiopian capital, Addis Ababa, the Chinese-funded tramway system opened last year at a cost of half a billion dollars. Beijing says investments like this will boost African economies, thereby alleviating poverty.

Gelb says it is also part of China’s plan to become a dominant force on the global stage.

“It was affirmed in Xi Jinping’s speech (this week to China’s Communist Party Congress),” he said, “China’s very much about these days rules-based global governance, multilateralism, globalization.” 

Visiting India this week, U.S. Secretary of State Rex Tillerson accused China of not always playing by those rules.

“China, while rising alongside India, has done so less responsibly, at times undermining the international, rules-based order,” Tillerson said.

Paying the piper

Recipient countries have welcomed Chinese investment, which sometimes comes with fewer conditions than Western aid, such as demands for democratic reform. But Tsang warns there could be a sting in the tail.

“The real issue will come when some of those countries, particularly in central Asia, have to pay back some of the loans that were acquired in the Belt and Road Initiative,” Tsang said. “And most of those countries will have problems paying back those loans.”

For now, Chinese investment continues to expand. Development campaigners say Beijing’s focus should be not only on ports and pipelines but on tackling poverty.

Wearable Air Filter Combats Pollution

Environmental pollution, from filthy air to contaminated water, kills at least 9 million people a year, according to a new study published by the medical journal The Lancet. Two entrepreneurs from Georgia have invented a wearable filter they say can produce clean, fresh air. Faith Lapidus reports.