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Question: Some U.S. companies operating in China think the trade war may have already started

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In a country where regulation enforcement can vary widely by region, it's hard for analysts to know whether these sudden administrative headaches are a coincidence or the Chinese government following through on threats to make life harder for Americans in business. But anecdotal evidence suggests official sanction is building, according to veteran observers of the Chinese market.

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This story is published in a content partnership with POLITICO. It was originally reported by Ben White and Megan Cassella on politico.com on July 3, 2018.
US President Donald Trump is now at full-scale war over trade policy with some of the Republican Party’s staunchest allies in big business, including executives at iconic American brands such as General Motors and Harley-Davidson who previously shied away from criticising an often irascible president.
Trump’s approach has created a high-stakes showdown without recent political precedent: A Republican president betting that his populist approach to trade will thrill his working-class base and blow away any short-term economic fallout or reduced political support from the nation’s largest business organisations. His message to corporate America so far: I don’t care what you say, my base is with me.
On the other side, corporate titans and market analysts fear Trump is on the cusp of damaging the American economy – and that he will not recognise the failure of his approach until it’s too late.
“With every successive firecracker that Trump sets off, we see corporate leaders and groups emboldened and ready to go on the public stage to take him on,” said Nancy Koehn, a business historian at Harvard.
“This isn’t the natural order of history that large business groups oppose a Republican president. Trump has a from-the-gut sense that his base will be with him come hell or high water. But it’s a very big bet with no certainty of success.”
The latest salvo in Trump vs. Big Business came Monday when the US Chamber of Commerce, long a stalwart backer of Republican economic policies, broke sharply with the president. “The administration is threatening to undermine the economic progress it worked so hard to achieve,” Chamber President Tom Donohue said in announcing a campaign to oppose Trump’s tariffs. “We should seek free and fair trade, but this is just not the way to do it.”
The Chamber’s effort came after GM on Friday said Trump’s proposal for 25 per cent tariffs on imported cars “could lead to a smaller GM, a reduced presence at home and risk less – not more – US jobs.”
It also followed motorcycle-maker Harley-Davidson announcing it would move some production to Europe to avoid retaliatory tariffs on its products, while the largest nail manufacturer in North America said it may soon go out of business after the White House slapped 25 per cent tariffs on imported steel.
So far, the White House reaction to all the corporate pressure has been anger and defiance, with absolutely no signal that the president will change course.
Trump repeatedly has said he feels betrayed by Harley and accused the company of “surrendering.” White House trade adviser Peter Navarro, in a CNN interview over the weekend, dismissed GM’s warnings as “smoke and mirrors” intended to deceive the public.
And Commerce Secretary Wilbur Ross on Monday blew off negative market reaction to Trump’s trade policies – the Dow is now down for the year – saying it would not sway the president’s approach.
“There's no bright-line level of the stock market that's going to change policy,” Ross said on CNBC. “The president is trying to fix long-term problems that should have been fixed a long time ago. You can't deal with day-to-day stock market fluctuations.”
Trump and some of his senior advisers are banking on the idea that while corporate America may hate his trade policies, rank-and-file workers who make up the president’s base will embrace them. And they believe new domestic manufacturing jobs will eventually pay political dividends that will swamp any market dislocations.
A senior White House official, who declined to be identified by name, took issue with much of the criticism from the business community. “We’re playing the long game here, and the president has said on multiple occasions that what he’s trying to do is generate leverage to change dynamics that over the long run have not been totally satisfactory to the US economy,” the official said.
The official said business leaders and groups often tell the White House privately they are glad Trump is taking a hard line with China and that the administration is still working with Japan and other allies on a multilateral approach to China. The official added that Trump has to be willing to follow through with tariffs to prove that the US will not back down.
Free-trade advocates argue that Trump is not likely to change course in the face of corporate pressure without a much bigger market correction and clear signals that his trade fights with China, Mexico, Canada, Europe and Japan are actually slowing economic growth through job cuts directly tied to tariffs and more offshoring.
“To the extent that more and more companies come out with these kinds of negative announcements, particularly at the local level, that will start to create political pressure on the White House,” said Scott Lincicome, a trade lawyer and adjunct scholar at the libertarian Cato Institute. “One of the things I’ve noticed is how many small companies that rely on steel or aluminium or count on the Canadian export market have come out with stories about getting hurt. That could actually penetrate.”
That trend continued Monday when solar company REC Silicon said it will be laying off about 100 employees in Washington state this week – or about 40 per cent of that facility’s current workforce – as a result of US-China trade tensions that have blocked the company’s access to the Chinese market.
Still, on the broader economic front, the White House feels little pressure at the moment to cave in to corporate complaints because the impact of tariffs – many of which have not yet gone into effect or have been in place for only a short time – is not yet showing up in the most commonly cited data.
Economic growth in the second quarter is expected to clock in close to 4 per cent. Jobs and wage growth remain strong, and the impact of increased materials costs for manufacturers is just now appearing in relatively obscure metrics such as manufacturing surveys.
But some Republicans and business leaders are growing increasingly wary of tremors in the stock market and early signals that escalating trade wars could derail the US economy heading into the midterms and Trump’s potential re-election campaign.
“I am worried about the trade rhetoric going too far,” former Trump aide and hedge fund manager Anthony Scaramucci tweeted over the weekend.
“Signs are there: capital is starting to [withdraw] from stocks. The mkts are signalling a lot more risk the flash 2q GDP report which may be a one time moonshot followed by the Big unwind. Change tactics now.”
Pushback from the business community and various industry groups has been immense since the president began threatening to impose tariffs on various countries and products last year. Optimism in the early days of the administration that Trump’s tough talk on trade was simply a hardball negotiating tactic has mostly eroded, with the prevailing view being one of deep concern that the president appears focused on following through on everything he threatened – even as trading partners move forward with painful retaliation.
And a sense of futility is now setting in.
While officials from business and agricultural sectors publicly vow to keep up their advocacy and lobbying efforts, many will privately admit fears that months of outreach to the White House appears to have had little, if any, effect.
“The president’s on an island of his own on trade policy here,” said David French, senior vice-president of government relations at the National Retail Federation, which is strongly opposed to heavy tariffs on imports from China. “We’re all frustrated, because unlike most trade policy fights where the US government is working to advance the industries – the specific interests of a specific US industry or two – in this case, it’s very difficult sometimes to find a US industry or a US constituency for these trade actions.”
Perhaps the clearest example of the president acting of his own accord, rather than in concert with US industry, is in the ongoing national security probe of imports of autos and auto parts.
At Trump’s urging, the Commerce Department is investigating whether to impose tariffs of as much as 25 per cent on imports of cars and car parts for national security reasons, under the same law he used to limit imports of steel and aluminium – but the auto industry has launched a near-unanimous effort to push back.
A public review process calling for comments on the auto investigation prompted about 2,500 submissions by its deadline Friday. A POLITICO review of the comments found few in support of the administration’s probe, though some expressed sympathy for either the Trump administration or the impulse behind the investigation.
Amid fears of retaliation, groups outside the auto sector like the National Farm Bureau Federation and US Wheat Associates are also joining in to try to head off auto tariffs, warning that additional penalties are sure to hurt nearly every industry and weigh on the US economy overall.
“This is a genuine effort to smash, to take a wrecking ball to the whole international system of trade agreements and to start all over again,” said Rufus Yerxa, a former US trade official who now leads the National Foreign Trade Council.
“And I think that’s something that is causing a serious re-examination by business, and you’re seeing industry after industry coming out and saying, ‘We don’t think that’s the way to do this, and it will have very bad effects for us.’”
Most of those groups steadfastly opposed to Trump’s tariffs are careful to note that they support many of the administration’s goals on trade, if not their tactics. On the autos probe, the United Automobile Workers union and United Steelworkers both offered general support for the investigation, but not for blanket tariffs. UAW, for example, called for “targeted measures” to help the auto sectors but warned that any “rash actions” could lead to unintended consequences like mass lay-offs.
And on issues like Chinese handling of intellectual property, it is widely agreed among industry groups, lawmakers and others that Beijing’s tactics are dangerous and harmful to all foreign companies operating in the Chinese market. But rather than unilaterally impose tariffs, investment restrictions and export controls to try to address the problem, the Trump administration should have been trying to work in concert with US allies to take a more measured, targeted approach, business and industry officials say.
“Nobody’s saying the system is perfect, and the biggest problem, of course, is China,” Yerxa said. “But you don’t tear down the whole building to get at one bad tenant. You need to build rules to work with the rest of the tenants to ensure that you can move this tenant in the right direction.”
https://www.politico.com/story/2018/07/03/trump-war-corporate-america-harley-davidson-666926


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Question: Cotton Faces Angry Constituents

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To give you a sense - "['Represent this text to find a news title for it', "Police have searched the offices of Philips in Brazil and are executing arrest warrants for two people linked to the Dutch electronics company.\nWednesday's operation is part of an investigation into suspected fraud in the supply of medical equipment to the National Institute of Traumatology and Orthopedics and the Rio de Janeiro Health Department.\nContinue Reading Below\nProsecutors allege that several companies formed a cartel to win and inflate contracts. In all, 22 arrest warrants were issued and 44 addresses searched.\nProsecutors say two warrants are for people linked to Philips. The company says one had been an executive who has left the company, while the other works in sales. It says the current employee was brought in for questioning and that the company is cooperating with the authorities."]" should be close to "['Represent the title to find an explanatory news article', 'Brazil police search Philips office in fraud probe']"

Sen. Tom Cotton (R-AR) “came under fire at a raucous town Monday, as constituents pelted the Arkansas Republican on topics ranging from Donald Trump’s tax returns and possible ties to Russia to the GOP push to repeal Obamacare,” Politico reports.
“It was the latest in a string of confrontations between GOP lawmakers and voters during Congress’ two-week spring recess, coming on the heels of the party’s failed bid to overturn the Democratic health care law. Cotton, a rising star in the Republican Party seen as a potential White House aspirant in time, withstood 90 minutes of boos and occasional cheers from an oft-agitated crowd in Little Rock, Arkansas.”

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Good morning, here are our early stories:
-- Iran's Foreign Minister: Renegotiating Nuclear Deal Would Damage U.S. Credibility.
-- Border Patrol Agent Acquitted In 2012 Fatal Shooting Of Mexican Teen.
-- Prince's Family Files Wrongful Death Suit Against Hospital, Pharmacy Chain.
-- Facebook Updates Community Standards, Expands Appeals Process.
And here are more early headlines:
Report: Confirmation Hearing To Be Delayed For V.A. Nominee. (Washington Post)
Suit Filed Against New Indiana Abortion Law. (Indianapolis Business Journal)
Government Seeks E-Coli Source In Contaminated Lettuce. (Washington Post)
Despite Government Action, Nicaragua Protests Continue. (Los Angeles Times)
New Afghanistan Attacks Leave 9 Dead. (RFE/RL)
Ukrainian Agency Hit By Ransomware. (Reuters)


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Question: Miley Cyrus Apologizes For Absence From 2017 Teen Choice Awards

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By Annie Reuter
The 2017 Teen Choice Awards were held on Sunday evening (Aug. 13) and one major name was missing: Miley Cyrus. The singer and actress shared her apologies with fans on Instagram that evening, explaining that while she had every intention of attending the awards show to accept her trophy for The Ultimate Choice Award, her schedule simply wouldn’t allow her.
Related: Miley Cyrus Announces Title, Release Date of New Album
“To my dearest fans & all of those watching @teenchoicefox ! I want to say thank you from the very bottom of my heart for presenting me with #TheUltimateChoiceAward!” Cyrus writes. “I am beyond bummed I couldn’t make it to the show as I had every intention of being there to accept and celebrate this honor! I created an unrealistic schedule for myself which leads me to this announcement!”
Then, with the grace of a veteran politician, Miley spun her apology into an act of self-promotion. “I’ve been tryin to keep the secret but I can’t hide it any longer! My new single / music video #YoungerNow will be dropping this Friday, Aug 18th & I am sooooooo EXCITED to share it with all of you! I hope to always make people smile and shine light thru my work! I look forward to making music for the rest of my life and I’m thankful everyday for those who listen! I am sending so much love and peace into the world right now because THATS what we need most! Love Love & more LOVE!”
Cyrus wasn’t the only celebrity who couldn’t make it to the show. Bruno Mars accepted his Visionary Award from afar with a special video message.

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RED CARPET RUNDOWN: It Was All Black With Pops Of Color At The 2018 iHeart Radio Music Awards


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Question: Courtney Cole: My Favorite Things

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In 2016 newcomer Courtney Cole released her new single, “Free 99,” she’s been on tour with Miranda Lambert as part of her Roadside Bars & Pink Guitars Tour and opened for acts like Kenny Chesney, Chris Young and Kip Moore. After a busy 2016, the Louisiana native is looking forward to the new year and what’s to come.
“2017 looks so fun,” Courtney tells Nash Country Daily. “I’m so excited, we’re booking a bunch of shows right now. I love traveling. We’re playing Stagecoach [Festival] this year, which is a dream come true for me. I love California. I’m a cowgirl at heart. So we’re doing that, then I’m releasing an EP. Just new music and lots of performing.”
With 2017 in full swing, NCD sat down with the newcomer to learn more about her and to find out a few of her favorite things.
Favorite color?
Blue.
Favorite ice cream?
Chocolate chip cookie dough.
Favorite flower?
Tulip. No lily.
Favorite song?
Right now, I love to listen to Jon Bellion.
Favorite movie?
The Holiday.
Favorite item of clothing?
Yoga pants.
Favorite drink?
Margarita.
Favorite food?
Mexican food.
Favorite actor/actress?
Julia Roberts.
Favorite board game?
Cards Against Humanity. Fave.
Favorite number?
Eight.
Favorite day of the week?
Sunday.
Favorite season?
Summer.
Favorite sport?
Football, just because of nachos.
Favorite scent?
Whatever lotion I’m wearing. Rose something.

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1:20 The United States of Powerball


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Question: Chris Hemsworth goes surfing in Tofino

The Australian actor donned a full body wetsuit to catch some waves on Vancouver Island this weekend
Australian actor Chris Hemsworth spent time in Tofino last weekend and caught some waves. (Instagram/Chris Hemsworth)
More and more actors and actresses are spending time in British Columbia, mostly due to Vancouver solidifying itself as Hollywood North for major TV and movie productions.
It’s no longer unusual to see famous celebrities eating at the same restaurants we frequent or hanging out at the same places we’ve long since known as local gems. And with the influence of social media these days, many are also chronically their journey for the rest of us to follow along.
Australian actor Chris Hemsworth, known for his title role as Thor in the Marvel movie universe since 2011, has kept himself busy this past week on the West Coast. He’s been spending time in Vancouver shooting the movie ‘Bad Times at the El Royale’, and last week shared a video view of his condo from high above Stanley Park.
RELATED: Chris Hemsworth loves visiting B.C.
A few days later he took in some Rugby Sevens action at B.C. Place and handed out a prize following the final match.
But this past weekend it was time for Hemsworth to head over to Vancouver Island and catch some waves near Tofino.
He posted to Instagram: ‘Not sure if we’re robbing banks or surfing but it’s damn cold in Canada. Well worth it though, what a beautiful place!!’
According to his Instagram page, the 34-year-old looks like he surfs a lot — including with his young daughter.
And after spending some time in a full body wetsuit, Hemsworth made sure to warm up with a steaming bowl of Vietnamese Pho as he continues to conquer mountains, embrace challenges and push phoward.
ragnar.haagen@bpdigital.ca
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Mark Wahlberg is still kicking back on his vacation in paradise and he’s treating us to more shirtless action in the new year!
The 45-year-old actor hit the beach for a dip in the ocean on Monday morning (January 2) in Bridgetown, Barbados. He was also seen going for a New Year’s Day swim in orange trunks.
PHOTOS: Check out the latest pics of Mark Wahlberg
Mark has been showing off his six pack abs and buff muscles on the beach for over a week now. He was first spotted in Barbados with his family on the day after Christmas.


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Question: Ed Sheeran Says GRAMMY Snub Was ‘Meant to Be’

Photo: Greg Williams
By Jon Wiederhorn
Heading into the 2018 GRAMMY nomination season, many expected Ed Sheeran to sweep numerous categories. While he was nominated for two GRAMMYs – Best Pop Solo Performance (“Shape Of You”) and Best Pop Vocal Album (Divide) — Sheeran isn’t on the ballot for the biggest awards, including Record of the Year, Album of the Year and Song of the Year.”
Related: Ed Sheeran Trades Beer-Stained Shirt For Niall Horan Hockey Jersey
In a recent interview, Sheeran said he wasn’t upset when he found out about the snub; in fact, he believes it was ‘meant to be.’
“There’s a very clear reason why that happened and it’s bigger than me, like much bigger than me. And like it’s just something that, again, it was just meant to be,” he told Billboard. “That is the way that this year was meant to roll out.”
Sheeran added that he has everything going for him, and he has received numerous recent honors and accolades, so why complain?
“You know, I’m not dying. It’s not like I’m never gonna be nominated for a Grammy again,” he said. “And I was nominated for two GRAMMYs. This is why everything’s meant to be. The week after that, I get an MBE from the palace, I go Number One on Spotify, I go Number One on Billboard. I’m about to have my second ever Billboard Number One. Like, there’s so many other things in the mix that counterbalance it.”
“That’s just the way I live my life,” he concluded. “When one door closes, another door opens. You’ll really, really send yourself mental if you think into things too much, and I’m just so easy-going when it comes to that.”

This is fantastic !!! Everyone wanted to be a Toys R’ Us kid right?
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Question: Bucks' Brogdon to be sidelined up to 8 weeks with injury

Milwaukee Bucks guard Malcolm Brogdon will be sidelined for up to eight weeks with a partially torn left quadriceps tendon.
Brogdon suffered the injury during the second quarter of the Bucks’ 108-89 loss at Minnesota on Thursday night. The reigning Rookie of the Year went down after a dunk and needed to be helped off the floor.
The Bucks said in a statement Friday they learned the extent of Brogdon’s injury after he underwent an MRI and an examination by the team’s doctor.
Bucks forward D.J. Wilson said he had feared that Brogdon’s injury was even worse.
“Finding out that he’s going to be out for a couple of months kind of shocked me. Shocked all of us,” Wilson said. “Six to eight weeks is a long time, but not as long as it could have been.”
Brogdon has played in 46 games this season and is averaging 13.3 points, 3.3 rebounds and 3.2 assists per game. He and Kareem Abdul-Jabbar are the only Bucks players to win the league’s top rookie honours.
“It’s unfortunate that he got hurt. We understand that it’s part of the game,” Bucks coach Joe Prunty said. “He’s tough-minded and he will battle through this.”
——
More NBA basketball: https://apnews.com/tag/NBAbasketball

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Duke basketball coach Mike Krzyzewski will have back surgery Friday on a herniated disk and is expected to be away from the team for about a month.


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Question: Rams pick up fifth-year option on Todd Gurley, Marcus Peters

The Rams made some of the biggest splashes during the offseason, wheeling and dealing a number of major trades.
In one of their moves, the Rams acquired cornerback Marcus Peters from the Chiefs. The controversial defensive back was selected 18th overall in the 2015 NFL Draft, and has racked up 151 tackles with 19 interceptions in three seasons.
Before Peters has even played a game for them, the Rams announced Tuesday they have picked up the fifth year on his contract. The team also picked up running back Todd Gurley's fifth-year option.
Gurley, selected 10th overall in the 2015 NFL Draft, had over 2,000 yards from scrimmage last season with 19 total touchdowns. He established himself as one of the league's elite every-down running backs and should continue to find success in the Rams' young, growing offense.
With Peters and Gurley locked up for at least two more seasons, the Rams have stalwarts on both sides of the ball to help lead them to further playoff success.

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After a wild week in which the Rams made four trades and reconstructed their entire defense, NFL writer and Inside the Rams host Ryan Kartje is joined by beat writer Rich Hammond and NFL columnist Vinny Bonsignore to analyze the impact of the Rams trades for Marcus Peters and Aqib Talib, as well as the fallout from trading locker room favorites Robert Quinn and Alec Ogletree. Then, they discuss the decision to franchise tag Lamarcus Joyner and whether Sammy Watkins has played his last down in L.A.


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Question: New year will bring more games on more nights in the NBA

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1:36 Nick Chubb on why he's returning for another year

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Here is how hard it is to buy a gun in some of the biggest countries around the world.


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Question: Golf: Tiger, learning to win again, seeks sixth victory at Jack's place

SHOAL CREEK, Alabama: Muirfield Village has been a particularly happy hunting ground for Tiger Woods, who hopes to bag a sixth victory at Jack's place at this week's Memorial tournament in Ohio.
But as he tees off in Thursday's (May 31) first round of the Jack Nicklaus-hosted tournament nearly five years removed from his most recent victory, Woods is still re-learning the art of closing the deal.
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At least that is what Nicklaus says of the man who a few years ago seemed destined to surpass him as the game's most prolific major winner.
"We all have to learn how to win again," said 18-times major winner Nicklaus, who remembered the difficultly of winning the 1986 Masters after a six-year drought on tour.
"Tiger has it to draw on but he's got to get through the barrier of not having done it for a while."
A tie for second at the Valspar Championship in March proved Woods still has the game to contend, but victory can be an elusive beast.
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"I've been on runs where it came pretty easy. Other stretches where it was very difficult," Woods told reporters on Wednesday.
"This is a little different because I'm coming back off not really playing for a while."
He was referring to the back issues that hobbled him literally and figuratively for some four years before last April's spinal fusion.
Now six months into his comeback, Woods has yet to close the door.
"I remember the feelings at Valspar. I had a chance to win and it really felt comfortable," he said.
Nicklaus said he wouldn't be a bit surprised to see a breakthrough for Woods, who was fitted this week for his American team uniforms for September's Ryder Cup.
He will be on the US plane to Paris one way or another, either as an assistant captain or a player.
While the Memorial has been good to Woods, Rory McIlroy has yet to win it, and the Northern Irishman said he would have to steer clear of the long rough to have a chance this week.
"It's US Open rough out there," McIlroy said. "You can't control your ball at all.
"You can hardly get it to the greens out of the rough. There will be a lot of (emphasis to) put it in the fairway and take your chances from there."

Is Justin Rose underrated? It's a question that was raised on this week's Golf Digest Podcast following Rose's impressive victory at the Fort Worth Invitational. Although, clearly not under-ranked -- Rose moved to No. 3 in the Official World Golf Ranking with his win at Colonial -- his name probably doesn't come up as quickly as it should when discussing the game's best players. Well, not in this space. Rose shouldn't only be considered a favorite to win at this week's Memorial Tournament, but at the upcoming U.S. Open. Here's a look at the fab foursome we're rolling with at Muirfield Village.
Justin Rose: The talented Brit finally broke through for his first PGA Tour title in 2010 at this event. Since then, he's come close a couple times with runner-up finishes in 2008 and 2015, the last time he teed it up at Jack's place. And after picking up PGA Tour title No. 9 last week, we're not overthinking this.
RANKING: Our top 13 picks to win the U.S. Open
Rickie Fowler: Rickie was a disappointed runner-up to Rose in 2010 when he himself was looking for a maiden PGA Tour victory, but shot a Sunday 73. He's had more struggles since -- a Sunday 84 in 2012 and missed cuts in 2014, 2015 and 2016 -- but he added another runner-up last year. Fowler's strokes gained stats are down across the board this season, but that's due in part to his best performance -- a runner-up at the Masters -- not counting in those categories. With major season about to kick into full gear, we expect to see Fowler at the top (Or, at least, near the top) of leader boards again.
Rory McIlroy: The four-time major champ had another disappointing Sunday last week, getting beat by Francesco Molinari at the BMW PGA. But while he hasn't been piling up wins (yet), his improved putting indicates they will come. And after winning at Arnie's place earlier this year, he seems poised to win at Jack's following a T-4 in his last trip to Muirfield Village. This encounter won't hurt:
Kevin Na: Kevin might be coming off the most entertaining fourth-place finish in PGA Tour history after firing rounds of 62 and 61 at Colonial (The 61 tied the course record) and giving us this priceless exchange with his caddie:
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Na has to be the most confident one-win player in PGA Tour history, and he'll be feeling pretty good at a place where he has one of his nine career runner-ups. Also, at 50-to-1 odds, he's probably the best value bet in the field.
And for more talk about the Memorial, Justin Rose's U.S. Open prospects, and a chat with rising star Aaron Wise, please have a listen to this week's Golf Digest Podcast:


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Question: The-Dream Shares New Song ‘It’s Yo Birthday’

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Photo: Paul Abell / USA Today
By Scott T. Sterling
The-Dream has shared a new birthday gift in honor of his debut album, Love Hate.
Related: Ty Dolla $ign Drops ‘Love U Better’ Featuring Lil Wayne & The-Dream
The song is “It’s Yo Birthday,” released to celebrate the ten-year anniversary of his full-length debut, which dropped on Dec. 11, 2007.
“Love Hate Changed Everything!,” The-Dream shared on Instagram. “Like it or Not!”
Listen to the new track, “It’s Yo Birthday,” which contains explicit lyrics, now at Radio.com.

8. Mr Vegas (Follah Da Leadah)
7. XXXtentacion (Sad)
6. Blocboy JB / Drake (Look Alive)
5. Jaden Smith (Icon)
4. Nikki MInaj (Chun Li)
3. Miguel / J. Cole (Come Thru And Chill)
2. Cardi B (Be Careful)
1. Drake (Nice 4 What)


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Question: Man transforms lawn into American flag

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A man in Massachusetts has taken his patriotism to a whole new level for the 4th of July.Arthur McCann has transformed his front lawn into a red, white and blue American flag.It's complete with 50 stars and 13 stripes.He used field paint, stencils and measuring tape to get the job done.It only took him about two hours.McCann says he just loves America and being creative.

The Create-It Studio in the West Bottoms shows how you can use a glass frame to paint up a spooktacularly fun Halloween project.


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Question: B.C. Hells Angels invited to rally by anti-SOGI organizer

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The Culture Guard group has helped Hells Angels in the past, said its executive director.
Members of the Soldiers of Odin group attended the anti-SOGI rally. (Black Press files)
The organizer of an anti-SOGI123 rally in Vancouver Monday said she invited members of the Hells Angels to attend.
“We invited the Hells Angels, we invited anybody who has children and who has a stake in education that is opposed to SOGI is welcome to stand with us,” said Kari Simpson of the Culture Guard group.
She said some accepted the invitation and attended.
“They’re also fathers, and mothers, and they don’t often get involved in these things,” said Simpson, who is based in Langley. “We’ve had their support in the past when we’ve helped their members with child apprehensions years ago.”
“Parents are parents and everybody has a stake in education,” Simpson said.
“They give really good protection, unlike the VPD [Vancouver Police Department],” she added.
The VPD was not aware of any Hells Angels attending the event, said Const. Jason Doucette, a media spokesperson for the department.
A pro-SOGI protester from Langley said she and her fellow rally members didn’t spot anyone wearing Hells Angels colours or clothing at the rally.
“I find that really alarming,” said Stacey Wakelin, a parent who has been among the organizers of local pro-SOGI events.
She said the presence of Hells Angels members won’t stop her from attending future rallies.
“I’m past the point of being afraid,” Wakelin said.
However, she worried what effect it could have on others, particularly vulnerable people in the LGBTQ community.
SOGI stands for sexual orientation and gender identity.
SOGI 123 was introduced as a pilot project last year and was rolled out B.C.-wide in September. According to the program’s website, it provides tools for teachers to create inclusive classrooms where students of all sexual orientations and gender identities feel safe.
The program has generated controversy, and pro- and anti-SOGI rallies have been held in Langley and other Lower Mainland communities.
Rallies were held Monday in Vancouver and Victoria, with each side represented.
READ MORE: Protesters argue both sides of B.C.’s SOGI curriculum at teachers’ union office
“It was truly diverse, unlike the other side,” Simpson said, citing the participation of Sikh and Muslim anti-SOGI protesters.
Also among those taking part were the controversial Soldiers of Odin. The group is an offshoot of an anti-immigrant group in Europe. The Canadian offshoots say they do not share an ideology with the European groups, and accept people of all origins.
However, they have clashed with anti-racism demonstrators locally, with three Soldiers of Odin arrested by the VPD in March of 2017 following a scuffle with marchers organized by the Pacific Coalition Against Bigotry.
Simpson dismissed concerns about the group.
“I think those are probably overplayed, like us being called a hate group,” she said.
– with files from Black Press Digital

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Question: Renewable energy push in sunny Arizona draws political fight

In this photo taken Wednesday, June 27, 2018, environmental activist & billionaire Tom Steyer poses at his offices in San Francisco. Arizona’s largest utility is fiercely opposing a push to mandate increased use of renewable energy in the sun-drenched state, setting up a political fight over the measure funded by Steyer. (Eric Risberg/Associated Press)
PHOENIX — Arizona’s largest utility is fiercely opposing a push to mandate increased use of renewable energy in the sun-drenched state, setting up a political fight over a measure funded by a California billionaire.
Clean Energy for a Healthy Arizona aims to ask voters whether they want the state Constitution to require half of Arizona’s electricity come from renewable sources like wind and solar by 2030. The group plans to file more than 225,000 signatures Thursday get the question on the November ballot.
Billionaire philanthropist Tom Steyer is financing the initiative through his NextGen Climate Action group, which supported similar efforts in Nevada and Michigan. But only the Arizona measure spawned a political battle, with the Republican-controlled Legislature passing a rule to help insulate utilities and the parent company of the state’s largest electricity provider bankrolling opposition messaging.
Steyer, known for climate advocacy as well as his push to impeach President Donald Trump, says he’s backing the proposal because of the benefits it will bring to Arizona.
“It actually will lead to lower costs and save a lot of money for consumers,” Steyer said. “It leads to clean air and a lot better health outcomes for Arizonans, and it should create literally tens of thousands of jobs in the state of Arizona. So it’s hard to understand why these people are fighting it.”
Supporters of the initiative say Arizona hasn’t taken advantage of its role as the sunniest state in the nation to develop more solar energy, saying it derives just 6 percent of its energy from solar.
Arizona Public Service Co. says the proposed constitutional amendment will cause customers’ utility rates to skyrocket and harm reliability.
Its parent company, Pinnacle West Capital Corp., funneled $1.18 million to Arizonans for Affordable Energy to oppose the initiative in the first three months of the year. Multiple chambers of commerce, Tucson Electric Power and Chicanos Por La Causa also oppose it.
“Everyone supports renewable energy,” said Matthew Benson, spokesman for the utility-funded opposition initiative. “The question is whether we are going to have an Arizona plan that is created and implemented by Arizona leaders and officials, or whether we’re going to have a plan crammed down our throats by a political activist from California.”
Campaign finance records show Steyer’s group gave $750,000 in cash and more than $200,000 in goods and services to the renewable energy campaign.
Opponents have used the #StopSteyer hashtag in the run-up to Thursday’s deadline for petition signatures. Legislative Republicans also cast him as an “out-of-state billionaire” when they passed a law that limits the cost of not complying with renewable energy mandates.
Steyer disagrees that he’s dictating policy. The National Resources Defense Council, Mi Familia Vota, and various in-state health and climate groups have endorsed the initiative as a way to bring more renewable energy to Arizona.
“When concentrated corporate interests put themselves and their bottom line ahead of the people, I don’t like that,” Steyer said. “And that’s what I suspect is happening here. And I think the people of Arizona should be asked what they think, and that’s what we’re trying to enable.”
Arizona is one of three states where the billionaire’s NextGen Climate Action group pushed ballot initiatives for higher renewable energy standards. Nevada’s measure hasn’t drawn the same uproar, and the effort in Michigan ended after two utilities decided to increase investments in renewable energy.
Benson says Arizona is different partly because of the numbers — the Michigan initiative had a 30 percent renewable mandate compared with 50 percent in Arizona. The Arizona Corporation Commission already requires electric utilities to generate 15 percent of their energy from renewable sources by 2025.
APS also warned that the initiative’s higher renewable standard would force its nuclear power plant to close. Nuclear wouldn’t count toward the 50 percent mandate, and APS says its Palo Verde Nuclear Generating Station is the largest electricity producer in the U.S.
Jeff Burke, APS director of resources planning, says customers would see 6 to 14 percent increases on their bills if the company is forced to ratchet up renewable use ahead of schedule.
“We continue to add renewables to our system, but they have to make sense,” Burke said. “It’s not really about a target, it’s about what makes sense for our customers’ usage and what makes rates affordable and what keeps our system reliable.”
Thirty-two states with renewable standards didn’t have, on average, a correlated rate increase, according to Wesley Hersche, an associate director of research with Arizona State University’s Global Security Initiative.
“These issues involve a complex interaction of factors, and we should be careful not to oversimplify things,” Hersche wrote in April. “But renewable energy technologies such as solar, wind, and battery storage have become so cheap recently that this finding is not all that surprising.”
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Question: Person Spotted Climbing The Statue Of Liberty On The Fourth Of July, Seven Arrested[Breaking]

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On the patriotic holiday, a person attempted to climb outside of one of the most well-known icons in the world.
The Statue of Liberty is something that stands for the pursuit of happiness, but some people may sometimes end up taking it a step, or five, too far. On the Fourth of July, a person was spotted climbing up the outside of the American icon and sitting at the base of Lady Liberty’s feet. Not long after the first report came out about the climber, social media was buzzing with numerous incident reports and photos of the craziness happening in New York.
Amid numerous reports circulating, CNN reported that it was a woman who climbed the base of the Statue of Liberty, but she was not alone on Liberty Island. Seven people had been arrested on Wednesday afternoon and it was believed that they were all protesters.
According to the NY Daily News, the woman was originally believed to be protesting the Immigration and Customs Enforcement (ICE) agency from the group “Rise and Resist,” but the organization said she wasn’t part of their protest. It was later found out that the other seven had a banner stating “Abolish ICE,” but the climber was not with them either.
As police and other members of local law enforcement approached the monument, they began climbing a ladder to approach the woman. As they climbed the ladder of the Statue of Liberty, they were spotted talking to her as she walked around near the sandals of Lady Liberty and sat down in the folds of her gown.
She did appear to roll out a small flag or banner of some type at one point. The protesters who were with her, and standing on the balcony underneath the statue, also rolled out a banner.
4th OF JULY CLIMBER: Police have responded to a person seen climbing up the Statue of Liberty: https://t.co/Ai9iTmCk5O #nyc #statueofliberty #statueoflibertyclimber pic.twitter.com/cUUMgTy8oj — CBS New York (@CBSNewYork) July 4, 2018
#HappeningNow Woman reportedly climbing up the Statue of Liberty. Images below from one of our ABC affiliates. pic.twitter.com/dmPya3wCKM — Shannon Millsaps (@Shan_Millsaps) July 4, 2018
UPDATE #2 at 4:58 p.m. Eastern
ABC News had a live stream going of the climber who ended up taking off her shirt and waving it around above her head at one point.
UPDATE #1 at 4:50 p.m. Eastern
CNN reported that the New York Police Department had built a rope rescue system in an attempt to climb up and bring the woman down. They did not believe that she was going to leave the Statue of Liberty by herself.
—Continue original article
Numerous bystanders ended up capturing video of the woman climbing the Statue of Liberty and broadcast it on social media for all to see. As many already know, there are not a lot of foot or handholds on the statue which could lead to a fall.
After law enforcement officials made it up the ladder and to the base of the Statue of Liberty itself, the woman moved farther away and sat down again in the folds of her gown. She refused to go to the police and would not leave or come down.
Liberty Island ended up being evacuated on the Fourth of July during this entire incident as stated by Jerry Willis of the National Park Service. It was not known what kind of danger the climber and protesters may have presented to themselves or any others who were in the immediate area and the evacuation was due to safety concerns.
Witnesses report person climbing Statue of Liberty https://t.co/v9pWxnUhkP pic.twitter.com/WTliIAwEsq — WESH 2 News (@WESH) July 4, 2018
The seven who were arrested apparently had nothing to do with the climber, but they were arrested and charged with unlawful protest.
The Fourth of July is a holiday that is meant to bring people together in the United States of America, and many go to the national monuments and wonders of the world to celebrate. Unfortunately, those visiting the Statue of Liberty had to have their visit cut short on Wednesday after some protesters unrolled a banner and one woman decided to actually climb up Lady Liberty. It is not known if the woman or the protesters presented any danger to others, but the incident did lead to the island’s evacuation.

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Question: U.S. Shale: NAV Analysis Of Diversified Oil-Weighted E&Ps

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This is the first in a series of reports I will publish. These reports will value about 50 US shale exploration and production companies ("E&Ps") based on their net asset values ("NAV"). Each quarter, I expect to publish new reports with updated quarterly information. Also, because I track a substantial amount of information on each company, from time to time I also intend to publish E&P sector-wide trends reports.
This first report values the E&Ps focused on oil in multiple basins: EOG Resources (NYSE:EOG), Devon Energy (NYSE:DVN), Continental Resources (NYSE:CLR), QEP Resources (NYSE:QEP), WPX Energy (NYSE:WPX), and Cimarex Energy (NYSE:XEC).
Future reports will value:
Permian Basin – Delaware Basin: Concho Resources (NYSE:CXO), Halcon Resources (NYSE:HK), Matador Resources (NYSE:MTDR), Centennial Resource Development (NASDAQ:CDEV); Jagged Peak Energy (NYSE:JAG) and Resolute Energy (NYSE:REN).
Permian Basin – Midland Basin: Pioneer Natural Resources (NYSE:PXD), Diamondback Energy (NASDAQ:FANG), Callon Petroleum (NYSE:CPE), Parsley Energy (NYSE:PE), Energen (NYSE:EGN), Laredo Petroleum (NYSE:LPI), Approach Resources (NASDAQ:AREX), Earthstone Energy (NASDAQ:ESTE) and RSP Permian (NYSE:RSPP) (on March 28, 2018, FANG announced the acquisition of RSPP but I will still include RSPP in this report).
Williston Basin (aka Bakken): Whiting Petroleum (NYSE:WLL), Oasis Petroleum (NYSE:OAS), Northern Oil and Gas (NYSEMKT:NOG) and Abraxas Petroleum (NASDAQ:AXAS).
Eagle Ford Shale: Carrizo Oil and Gas (NASDAQ:CRZO), SM Energy (NYSE:SM), EP Energy (NYSE:EPE), Sanchez Energy (NYSE:SN) and Penn Virginia (OTC:PVAC).
Denver-Julesberg ("DJ") Basin (aka Niobrara): PDC Energy (NASDAQ:PDCE), Extraction Oil and Gas (NASDAQ:XOG), SRC Energy (NYSEMKT:SRCI) and Bonanza Creek Energy (NYSE:BCEI).
Anadarko Basin: Newfield Exploration (NYSE:NFX), Jones Energy (NYSE:JONE) and Gastar Exploration (NYSEMKT:GST).
Marcellus+Utica Shale – Dry Gas: Cabot Oil and Gas (NYSE:COG), Gulfport Energy (NASDAQ:GPOR), EQT Corporation (NYSE:EQT), Southwestern Energy (NYSE:SWN) and Eclipse Resources (NYSE:ECR).
Marcellus+Utica Shale – Wet Gas: Antero Resources (NYSE:AR), Range Resources (NYSE:RRC) and Rex Energy (NASDAQ:REXX).
Other Dry Gas E&Ps: Chesapeake Energy (NYSE:CHK), Ultra Petroleum (NASDAQ:UPL) and Comstock Resources (NYSE:CRK).
Summary Results
Here is a summary of the results I will describe in this report.
In evaluating the various criteria, CLR and QEP are the most attractive investment opportunities among the Diversified Oil E&Ps. As QEP sells its non-Permian assets, its EBITDA per BOE should increase to $35 to $40 and its leverage should decline. EOG, WPX and XEC are highly overvalued. DVN is about fairly valued.
Valuation Methodology
In the report, all market value analyses apply April 20, 2018, stock prices. Assumed commodity prices in 2018 are $65 oil, $35.75 NGL, $2.75 natural gas and in 2019 forward $62.50 oil, $35.94 NGL, $2.75 natural gas. These commodity prices are before basis differentials.
Like any resource company, an E&P is worth the net present value of its projected cash flows from the extraction of a finite resource, in this case oil and gas. Without purchasing additional extraction rights, an E&P can only produce a finite amount of oil and gas and thus a finite amount of cash flows. With this idea, NAV analysis (forecasting the cash flows from an E&P’s asset base) is the most appropriate way to value an E&P company. Using earnings and cash flow multiples to value E&Ps can be very misleading because they do not capture the volume of oil and gas that can be extracted, but instead simply value the profitability of the oil and gas currently being extracted.
For the past four years I have been modeling about 50 E&Ps to assess the quality and quantity of their oil and gas resources. Each company requires about 5,000 rows of inputs and formulas in Excel to determine:
The amount of potential future oil and gas that can be extracted and associated annual future production levels until all the potential resource has been extracted. The amount of capital expenditures required to extract the oil and gas. The revenue and cost per barrel of oil equivalent (“BOE”) related to the production of the oil and gas. The net present value of the cash flows resulting from the prior three analyses. The value the market is assigning to the E&P’s oil and gas assets.
This report will walk you through the results of these five analyses for each company, enabling you to view relative and absolute valuations for each company.
Oil and Gas Resource Potential
Each E&P's oil and gas resource potential is a function of two things: Wells that have already been drilled and leased land that can be drilled in the future. Wells that already have been drilled are represented by company proved developed reserves disclosures. Leased land that can be drilled in the future must be calculated. While companies provide proved undeveloped reserves (“PUDs”), representing resource potential that has not yet been drilled, PUDs do not account for all of the leased land upon which an E&P is entitled to drill. Thus, I ignore PUDs. Instead I do the following:
Determine the number of acres leased. Estimate the number of future drilling sites on such acreage and based on the E&P's ownership interests estimate the net number of future drilling sites. Estimate the average estimated total oil and gas resource that will be extracted from each well (“EURs”). Estimate the net royalty interest per well that must be provided to the land owner whose land is being leased, which is “paid” in production not cash, and thus reduces the amount of oil and gas the E&P can sell for itself. Estimate what percentage of the resource extracted is oil vs. natural gas liquids (“NGLs”) vs dry natural gas (“nat gas”).
By adding the proved developed reserves that the E&Ps disclose in their regulatory filings with the calculation of resource potential from undrilled acreage, I can estimate the total volume of oil and gas that an E&P can produce from their existing asset base. I also can estimate how much of the resource will be oil vs. NGLs vs. nat gas. This distinction is very important because the value of oil, NGLs and nat gas are not the same. While one barrel of oil is the energy equivalent of 6,000 cubic feet of nat gas, one barrel of oil is currently worth about $65 where 6,000 cubic feet of gas is worth about $15.90 ($2.65 per 1,000 cubic feet, “mcf”). Thus, oil generates about four times more value per the same energy equivalency as nat gas. As a result, when I evaluate an E&P's oil and nat gas resource, I do not treat them as 6:1 energy equivalents but instead as 23.6:1 economic equivalents (my long-term oil price forecast is $62.50 per barrel and my long-term nat gas price forecast is $2.75 per mcf). Likewise, I forecast a barrel of NGLs to be worth $35.94 in the long term and thus treat oil as 1.74:1 the value of a barrel of NGLs.
Chart 1 below shows the Proved Reserves and potential resource from future drilling sites for each company as well as by geography for the companies I research.
CLR has a large resource base split between the Williston and Anadarko basins and a reasonably high weighting of oil and NGLs. EOG has a very small resource base relative to its current production level. The resource base is spread over the Permian basin, Eagle Ford, Williston basin, Anadarko basin and Powder River basin (Wyoming). DVN has a large resource base primarily spread over the Permian basin, Eagle Ford, Barnett shale, Anadarko basin and Canada. DVN is highly weighted to low profitability nat gas and a significant volume of oil production is low margin Canadian heavy oil. XEC has an average sized resource base split between the Permian and Anadarko basins, but like DVN has a high nat gas weighting, which is a negative. WPX has a relatively large resource base split between the Willison and Permian basins and a reasonably high oil weighting but also a high nat gas weighting. Finally, QEP currently has a small resource base spread over the Permian, Williston and Uinta basins, and the Haynesville shale. On February 28th, 2018, QEP announced its intention to sell all assets other than the Permian basin assets. Given the value of the non-Permian assets are unknown until the sale processes finish, for now I treat QEP as a “diversified” E&P but upon sales of the targeted assets, I will move QEP to the Permian Basin – Midland Basin category.
Oil and Gas Drilling and Completion Costs and Profitability of the Production
While more oil and gas resource is better than less, the weighting of oil vs NGL vs nat gas production, the prices received for each, the cost to drill and complete (“D&C”) a new well and the operating expenses required to produce the resource determine how profitable the resource is to extract.
First, I provide estimated D&C costs per adjusted BOE (adjust the volume of natural gas using 23.6:1 and the volume of NGLs using 1.74:1, as described above).
Chart 2 below shows the D&C cost per adjusted BOE for each company and the various geographies.
CLR has very low adjusted D&C costs, whether compared to the other diversified companies or the geographic averages. XEC has very high adjusted D&C costs because of its high weighting to nat gas. DVN also suffers from a high nat gas weighting. EOG and QEP have attractive adjusted D&C costs and WPX has about average adjusted D&C costs.
Next, I analyze the profitability of each BOE produced. This takes into account production weightings across oil, NGLs and nat gas, prices realized for each and operating expenses. The result is EBITDA per BOE. This is the purest number to assess the quality of the E&P as operator and/or the quality of the E&P’s land position (not all land is the same regarding the volume and type of resource and cost to extract the resource). I should note that I make an adjustment to the historical EBITDA per BOE results disclosed by every E&P. I remove the impact of hedging. Hedging has nothing to do with operations, so if hedge settlements are included in the EBITDA results, it distorts how productive the assets and operator are, as opposed to how good the E&P is at financial matters. Also, by excluding hedging, we can compare the E&Ps on an apples-to-apples basis.
Chart 3 below shows EBITDA excluding hedging per BOE for each company and the various geographies for the past four historical quarters and my 2018 full year estimate.
CLR consistently has been the most profitable of the group. EOG has solid profitability. WPX is forecast to increase its profitability in 2018 as its production weighting turns more to oil, going from 56% oil in 2017 to 64% oil in 2018. DVN, XEC and QEP suffer from higher nat gas production weightings.
E&P Equity and Enterprise Values
Finally, I will calculate the value the market is ascribing to each E&P’s resource base. I do this by determining the number of fully diluted common shares to calculate the equity market value. I then add the following liabilities and subtract the following assets to determine the market’s value of the E&P's oil and gas resources (“enterprise value” or “EV”).
Liabilities added: Debt, preferred stock, out of the money convertible debt and preferred stock, minority interest ownership in the oil and gas resource, hedging liabilities and asset retirement obligations.
Assets subtracted: Cash, hedging assets, net present value of net operating loss carry-forwards, equity interests in assets other than the E&Ps oil and gas resources (such as an investment in a pipeline system or shares held in a publicly traded company). To the extent an E&P consolidates the operations of another publicly traded company (such as FANG does with Viper Energy (NASDAQ:VNOM)), I adjust the E&P’s resource assets and operating results to exclude the consolidated subsidiary but include the value of the subsidiary’s shares owned by the E&P in the E&P’s enterprise value.
Chart 4 below shows the equity value and enterprise value for each E&P and various geographies.
EOG is the largest E&P I follow. CLR and DVN also are among the five largest E&Ps by market value. WPX and XEC are mid sized and QEP is more toward a small cap.
Relative and Absolute Valuation Analysis
We now have the total future resource production potential, the cost to drill future wells, the profitability of extracting the resource and the value that the market places on each E&P’s resource base. With these, we can calculate ratios and evaluate relative valuations for the E&Ps. We also can perform a DCF of the future cash flows from extracting the oil and gas resource to compare the markets assessment of an E&P's equity value relative to the intrinsic equity value derived from the NAV analysis.
Every E&P discloses proved developed reserves, representing wells that have been drilled and are producing oil and gas. The proved developed reserves are an estimate of how much oil and gas will be produced over the life of these already drilled wells. And while the ultimate amount of oil and gas that's produced can vary from the numbers the companies disclosed, it is as close of an estimate as we have. So, to value the proved developed reserves, I multiply each E&Ps 2018E EBITDA excluding hedges per BOE by the proved reserves. With this, I can forecast the total cash flows that will be generated by the already drilled wells. I use 2018E EBITDA instead of a historical EBITDA because 2018E EBITDA better represents my long-term views on commodity prices and production levels. Also, historically, my forecasted EBITDA numbers have been quite accurate. Lastly, given proved developed reserves take varying years to produce, I apply a time value discount factor to the EBITDA multiplied by proved developed reserves to calculate a present value of the cash flows from extracting all the proved developed reserves.
If I take the E&P’s enterprise value and subtract the value of the proved developed reserves as I just described. I can back into the value the market is assigning to each E&P’s future drilling locations. This is the key number is assessing relative valuation.
The challenge with this analysis is knowing how long it will take to produce the proved developed reserves. So, another way to evaluate the markets’ implied value for each E&P's future drilling locations is to subtract the E&P’s PV-10 from enterprise value and divide that number by the estimated future drilling locations adjusted resource amount exclusive of PUDs (since PUDs are included in the PV-10 calculation).
Chart 5 below shows the two calculations described above for each E&P and the various geographies.
Of the two analyses, I place more weight on EV less PV-10 since the reservoir engineers calculating this number have significantly more detailed information than I do. DVN’s future drilling sites trade at the lowest price, even after adjusting for the lower value of nat gas and NGLs relative to oil. DVN also is relatively inexpensive relative to the various geographies averages (which are weighted, not simple averages). CLR, QEP and WPX are all comparably valued and in line with the Permian Basin E&Ps, more than the Eagle Ford, Willison and Anadarko E&Ps and a discount to the DJ E&Ps. In summary, this group trades in line with the sector. XEC trades at a premium to the sector but not wildly so. EOG trades in a world of its own. I call EOG the Tesla of shale because its valuation is completely disconnected from any other E&P. As you will see in a future note, PXD, a large cap, world class E&P trades at $1.74 per BOE of future drilling resource, compared to EOG at $15.13.
The consistent trend you will see in the above analysis is the larger the future drilling site resource base, the cheaper the valuation. The market either treats all E&Ps the same and values current production levels independent of how long those production levels will last. Or, the market places a large discount on the future drilling site resource base. But the net effect is to undervalue E&Ps with large future drilling site resource bases.
Finally, I perform a DCF analysis to value each E&Ps equity. I perform DCFs with levered (after interest expense and preferred dividends) and unlevered (excluding interest expense and preferred dividends) cash flows. I use a 10% discount rate, so if a company’s cost of debt and preferred is lower than 10% then the levered DCF will result in a higher equity value than the unlevered DCF. If you assume that the debt and preferred can be perpetually refinanced, then using levered cash flows is reasonable. At the same time, the more consistent approach is to value the E&P assets independent of capital structure using unlevered cash flows and then adjust for capital structure to derive an equity value. This way, E&Ps are compared on an apples-to-apples basis without varying capital structures distorting the analysis. There are merits in both approaches. I will provide you the results and you can choose for yourself which has more merit.
A key assumption for the DCF analysis is the oil and gas production rate in the future. The faster the oil and gas is produced, the higher the net present value of the associated cash flows (the DCF analysis does take into account the capital expenditures required to produce increasing amounts of oil and gas). In Chart 6 are the production growth rate assumptions for the E&Ps and various geographies.
All 2018 production estimates are based on E&P company provided guidance. If an E&P offers guidance beyond 2018, I use such guidance as a reference and modify it, as required, based on how realistic I believe the guidance to be. While QEP’s production is declining in 2018, this is due to asset sales. In 2019, QEP should be a Permian pure-play and accelerate production.
Chart 7 provides the levered and unlevered DCF analysis equity results.
CLR and QEP are highly undervalued, DVN is about correctly valued, EOG and WPX are overvalued and XEC is wildly overvalued relative to their intrinsic NAV values.
Lastly, from a qualitative standpoint, the markets discounts E&Ps for excessive debt and capital expenditure budgets not funded by free cash flow. In Chart 8, I provide these metrics for the E&Ps and the various geographies.
Net debt is calculated as debt and preferred plus hedging liabilities less cash and hedging assets. DVN, EOG and XEC are the least levered of the diversified oil E&Ps, as well as compared to the various geographies. CLR and QEP are highly levered relative to their price adjusted proved developed reserves and 2018E EBITDA. As QEP sells its non-Permian Basin assets, it should bring down its debt levels. WPX is highly levered relative to price adjusted proved developed reserves but not relative to 2018E EBITDA.
The diversified oil group is living within cash flow, producing operating cash flow 20% in excess of capital expenditures. CLR, DVN and EOG are estimated to produce operating cash flows 50% to 27% greater than capital expenditures. XEC’s estimated operating cash flow is in line with capital expenditures. WPX would cover capital expenditures with operating cash flows if not for its hedges which will drag on cash flows. QEP’s operating cash flows will only cover 67% of capital expenditures, putting QEP at the bottom of its peer group and near the bottom of all the geographies.
Disclosure: I am/we are long CLR.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Disclaimer: Opinions expressed herein by the author are not an investment recommendation and are not meant to be relied upon in investment decisions. The author is not acting in an investment advisor capacity. This is not an investment research report. The author's opinions expressed herein address only select aspects of potential investments in securities of the companies mentioned and cannot be a substitute for comprehensive investment analysis. Any analysis presented herein is illustrative in nature, limited in scope, based on an incomplete set of information, and has limitations to its accuracy. The authors recommend that potential and existing investors conduct thorough investment research of their own, including detailed review of the companies' SEC filings, and consult a qualified investment advisor. The information upon which this material is based was obtained from sources believed to be reliable, but has not been independently verified. Therefore, the authors cannot guarantee its accuracy. Any opinions or estimates constitute the author's best judgment as of the date of publication, and are subject to change without notice.

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Question: Daniel O'Donnell warns fans against following his 'false' Facebook page

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Country music star Daniel O'Donnell has taken to Facebook to advise his fans they may have been receiving friend requests from a a false Daniel O'Donnell profile that looks exactly like this official page.
In a post on the Daniel O'Donnell official Facebook page, it says: "Hello friends. It has come to our attention that some of our fans have been receiving friend requests from a false Daniel O'Donnell profile that looks exactly like this official page. This is a fake profile and if you receive a friend request, please report it and delete it immediately."
The post adds: "All posts that come from this official page will have the blue tick next to Daniel's name which confirms that the post is authentic and verified. If a post that appears to come from Daniel doesn't have this blue tick, it has not come from the official page and should be reported.
"Thank you for reading and we're sorry if anyone was alarmed by this scam."
Daniel O'Donnell has had twenty UKTop 40 albums as well as fifteen Top 40 singles and has sold more than 10 million records to date.
In 2015, he became the first artist to have charted at least one new album in the UK charts for 28 consecutive years (1988–2015), when his latest album The Hank Williams Songbook entered the UK Artist Albums Chart at number 5.
A Daniel O'Donnell Visitors' Centre was opened in Dungloe in May, 2012, which displays all his gold discs, awards and wedding suit.[20]

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'He gave me a dressing down': Louis Tomlinson confesses Simon Cowell had booked him onto a business class flight to LA to tell him off for getting drunk before early One Direction gig


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Question: Kurtenbach: The Raiders have wilted under the weight of expectations  and we should have seen it coming

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The Raiders had a chance to prove they were something more than a disappointment Sunday.
They could have buried their uninspiring and downright average opening 12 games of the season.
They could have made everyone forget about the fact that luck, more than skill, was responsible for the team’s tie for first place in the AFC West at 6-6.
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They could have gone to the Show-Me State, beaten the Chiefs for the second time this season, and proven that they were a real playoff contender, like so many expected them to be at the beginning of the 2017 season.
"Everything we wanted to accomplish in our season was in front of us," coach Jack Del Rio said. "It was a big day and a big moment."
And?
"We didn’t play well."
Or, as quarterback Derek Carr bluntly (and accurately) put it: "We sucked."
They did. But I’d say thats more of the same for this Raiders team.
Don’t let anyone try to spin it: Sunday’s 26-15 loss to the Chiefs wasn’t nearly as close as the final scoreline indicated.
It was an embarrassing display — a limp performance in a game that was as close to a must-win as any Week 14 contest could be — and another clear-cut case of why serious changes need to be made at all levels of the Raiders organization.
No, the Raiders haven’t technically been eliminated from playoff contention, but what reason does anyone have to believe that this team will rise to the occasion and win their final three games of the season to give themselves even the remote shot of making the postseason?
The Raiders have now played three critical road games as underdogs — at Buffalo, vs. New England (in Mexico City), and at Kansas City — and have been blown out three times.
The Raiders can beat bad teams — they can stay with mediocre teams, too — but when this team needs to win and they have to play a good team outside of the Coliseum, they’ve been utterly overmatched.
They were again in Missouri:
Kansas City effectively won Sunday’s game with 3:22 left in the third quarter, after taking a 26-0 lead. At that juncture, the Raiders had 77 yards of total offense and fewer first downs than the Chiefs had scoring plays (six to four).
Forget the 191 yards and two touchdowns in garbage time — the Raiders real performance came in the first 42 minutes of Sunday’s game. Thats the one that should be remembered.
For a normal organization, a performance like that, parlayed with the disappointment of the team’s 6-6 start leading up to it, would prove to be the impetus for major changes — clearly, there are rings broken on the Raiders’ chain — but there’s no guarantee that will be the case with this franchise.
Expectations have exposed this Raiders organization’s flaws. For the first time in a long time, Oakland was expected to be a playoff team. Few paid any mind to the fact that the Raiders were effectively an 8-8 team last year that had an incredible (and unsustainable) run of late-game success — this team’s arrow was viewed as pointing straight up and nothing was off the table for it.
Fans are always optimistic, so you can’t fault Raiders fans one bit for expecting big things from this team.
But this Raiders coaching staff and, subsequently, the Raiders roster clearly bought into their own preseason hype and it’s proven to be anchor this season.
When this team wins — no matter the opponent they beat — it’s a validation of that preseason hype and an opportunity to let anyone who questioned that hype know that they were wrong to doubt.
When this team loses — as they did Sunday — it creates a crisis of confidence. Fingers are pointed, people are thrown under the bus, and people lash out.
All that shouldn’t be surprising. When you expect big things (a Super Bowl) but have never proven that you can actually do the things necessary to achieve such successes (beat a good team on the road), your emotions are beholden to the moment.
As such, this Raiders team has been an emotional roller coaster all season, and thirteen games into this disappointing campaign, they’re still yet to prove that they’re anything more than an average team.
Had the expectations going into the season not been so high — had the Raiders not bought into the outside hype instead of stoking the fire — the Raiders’ 2017 season wouldn’t be viewed in such a negative light.
After all, in order to be disappointed, you must first fail to meet expectations.
But its too late for the Raiders to fix that now.
So what happens next?
There’s plenty of blame to go around, for sure, but the two most important people on an NFL team — the head coach and starting quarterback — are well-insulated from repercussions.
Jack Del Rio, who took over a laughingstock outfit and turned it into a respectable unit, cashed in after last year’s flukey 12-win campaign, signing a four-year contract extension earlier this year.
It doesn’t matter that Del Rio has never proven that he can take a good team and make it great as a head coach, as was his task this season. Nor does it matter that he’s a defensive-minded (and hands-on) head coach and former linebackers coach who can’t put a good defense on the field or develop a good linebacker.
To fire Del Rio, Mark Davis, who handpicked Del Rio and rewarded him with a lucrative new deal in February, would have to first admit that he was wrong about the Raiders’ head coach and then eat a big chunk of cash that frankly, he might not have lying around.
Davis might be peeved about the Raiders’ lack of competitiveness, but can he swallow both a ton of pride and cash? I doubt it.
And Carr? We’re in the first year of a five-year, $125 million contract that was, for a while, the most lucrative in NFL history.
But behind one of the best-paid offensive lines and going up against one of the worst defenses in the NFL, Carr didn’t look worth $25,000 a year when the game was actually in the balance on Sunday.
He was skittish, unaware, and inaccurate — but thats nothing new for him.
And when the outcome of the contest was no longer in doubt and Kansas City was laying off, he was able to find success, but even then, he was a dink-and-dunk quarterback who wasn’t all that great at either dinking or dunking.
But remember: he looked good against the Dolphins…
Still, the Raiders aren’t going to cut him or trade him — don’t be ridiculous. He’s the first worthwhile quarterback this team’s had since Carson Palmer, so he’s getting a free pass. WIth that huge contract, the Raiders have tied the franchise to Carr, for better or for worse.
So who is going to be held accountable for this perceived debacle of a season?
Underlings. Subordinates. Lackeys.
The kind of people you change out when you need to make a show but who cant truly change the course of a franchise.
Offensive coordinator Todd Downing? He’s as good as gone. He was hired because he was Carr’s confidant, but that relationship hasn’t resulted in the quarterbacks evolution.
And while interim defensive coordinator John Pagano will probably stick around for next season, he’ll be on the hot seat all next season — the first guy to go if things don’t change with the NFL’s worst defense.
Perhaps there will be a shakeup of the team’s power structure, but that doesn’t truly matter. Del Rio and Reggie McKenzie might not work in concert after this season, but since McKenzie isn’t without blame in the Raiders’ predicament either, what’s it matter who has the upper hand in that relationship?
The blunt truth is that without a great head coach and a great quarterback, you dont stand much of a chance of being great in the NFL (unless you have a great head coach and a great defense — so that excludes the Raiders). We’re now in year three of this Del Rio-Carr partnership and these two men are still yet to prove they’re anything more than average at their jobs but have been rewarded as if they’re amongst the elite in the NFL.
Maybe the duo of Del Rio and Carr can get this Raiders team over the hump in the years to come. Perhaps with expectations off their shoulders next season, they can show what they’re worthy of the Raiders’ faith and compensation.
But when the expectations were raised this season, both men have wilted.
Isn’t it more likely that this brand of eventful mediocrity is all this duo can provide?

Just about an hour after Mike McCoy’s latest defeat, after he told the media that, yes, he should be the man to chaperone the (still) San Diego Chargers into the future — be it here or up there — the team early Sunday evening surgically removed his future by releasing a stark email:
The San Diego Chargers announced that Head Coach Mike McCoy will not return in 2017.
I guess one game in 2017 (a 37-27 loss to the Chiefs here in the season finale) was enough.
Looking on the dark side, I can’t help but wonder if this has anything to do with the franchise’s possible move to Los Angeles (which we will know by Jan. 15). How would Mike McCoy, basically humorless, conservative and hardly Hollywood-sexy, play in the TMZ?
Might boss Dean Spanos, never one to pay huge money for a coach — and in most cases not really a bad thing — prefer a name worthy of Tinseltown, which really doesn’t want him or his team there, anyway? In a recent Fox L.A. TV poll, 92 percent of the responders said they didn’t want the Chargers to come. A staggering total, but probably not enough to deter someone who may be determined to carpet his bag, who has tried to get something done here and finally surrendered.
Caption Acee-Gehlken Chat: Chargers, sunny beaches With the possibility of the Chargers leaving San Diego after the last game of the regular season, sportswriters Kevin Acee and Michael Gehlken contemplate what the city has to offer without an NFL team. With the possibility of the Chargers leaving San Diego after the last game of the regular season, sportswriters Kevin Acee and Michael Gehlken contemplate what the city has to offer without an NFL team. Caption Acee-Gehlken Chat: Chargers, sunny beaches With the possibility of the Chargers leaving San Diego after the last game of the regular season, sportswriters Kevin Acee and Michael Gehlken contemplate what the city has to offer without an NFL team. With the possibility of the Chargers leaving San Diego after the last game of the regular season, sportswriters Kevin Acee and Michael Gehlken contemplate what the city has to offer without an NFL team. Caption Acee-Gehlken Advance: Chargers face Chiefs in season finale What will the scene be like in this year's "last game ever" at Qualcomm Stadium? Can the Chargers finish out the season with a win? U-T columnist Kevin Acee and beat writer Michael Gehlken discuss the upcoming game against the Chiefs. What will the scene be like in this year's "last game ever" at Qualcomm Stadium? Can the Chargers finish out the season with a win? U-T columnist Kevin Acee and beat writer Michael Gehlken discuss the upcoming game against the Chiefs. Caption Antonio Gates leaning toward returning in 2017 Hear from Chargers tight end Antonio Gates, who said he is eyeing a return to the field in 2017. "I'm leaning toward coming back," said the future Hall of Famer. Hear from Chargers tight end Antonio Gates, who said he is eyeing a return to the field in 2017. "I'm leaning toward coming back," said the future Hall of Famer. Caption Philip Rivers on next "last game ever" at Qualcomm & optimism going forward Chargers quarterback Philip Rivers believes this "last game ever" may be different than last season's "last game ever." Hear why, as well as why Rivers thinks the best is yet to come. Chargers quarterback Philip Rivers believes this "last game ever" may be different than last season's "last game ever." Hear why, as well as why Rivers thinks the best is yet to come. Caption Questions surround head coach, relocation in final week of season Strap your seat belt on, because this is going to be a weird week, folks. Annie Heilbrunn takes a look at whether head coach Mike McCoy survives to see another season how the uncertainty surrounding relocation overshadows anything happening on the field. Strap your seat belt on, because this is going to be a weird week, folks. Annie Heilbrunn takes a look at whether head coach Mike McCoy survives to see another season how the uncertainty surrounding relocation overshadows anything happening on the field.
No way of really knowing, but if Mike McCoy was one thing, he was not a name. He offered no star quality whatsoever. Couple that with a losing record and you don’t have Brad Pitt.
Maybe it’s just me on this one, but I know General Manager (on paper) Tom Telesco, who announced the firing, thought highly of McCoy, as did John Spanos (GM without papers). Just Sunday morning (after ESPN ace Adam Schefter said it appeared McCoy would be gone), a media member I think very highly of told me he wasn’t so sure Mike’s pink slip would be showing when all was said and done.
McCoy didn’t last out the day. And I seriously doubt had his side somehow prevailed over a more talented and healthy Chiefs team it would have made one bit of difference.
In the end, McCoy didn’t have much of a chance, trying to play the NFL brand of football with 20 of his players — many of them starters — on injured reserve.
As quarterback Philip Rivers said before becoming aware of the falling axe: “Some of the teams heading into the postseason have two guys on IR. We have 20. They’re probably in the top 10 of our team’s roster rankings.”
But it was of course more than that. Much more.
McCoy replaced Norv Turner in 2014, went 9-7 and led the team to the playoffs. Even won the wild card game in Cincinnati. The team again went 9-7 in 2015, but failed to play into January. After that, he lost 23 of 32 games, going 5-11 this season.
It’s a bottom-line business. McCoy didn’t win enough and lost too much. That the Chargers were the best bad team in a league lousy with bad teams wasn’t enough to save his job.
Injuries normally do not offer up a decent excuse, but Mike did have one. He was without his two starting receivers basically the entire season. He was down to his sixth-string running back. His fine nose tackle was gone, as were his two starting cornerbacks. His top draft choice sat out the first four games.
And yet, hard as it is to believe, his teams led in every game but one, at Carolina. The Chargers also blew eight fourth-quarter leads, more than anything because he just didn’t have enough people to sustain. He lost close games, true, but good teams win close games. His club, seemingly playing people I’ve never heard of every week, simply wasn’t good enough.
At times I found McCoy maddening. I often questioned his clock management (which he questioned me on) and he completely refused to gamble, even when his season was lost, when it wouldn’t have made a difference. Even Sunday he was booed when, down 34-17 with 10:19 to play in regulation, he opted to kick a field goal.
His special teams, terribly important, were awful and he never fixed them. They were brutal to the finish, when Sunday kicker Josh Lambo hooked yet another kickoff out of bounds (“Inexcusable,” he later would say) and K.C. flash Tyreek Hill returned a punt 95 yards for a score.
On top of it all, he was boring at the podium and came off rude and arrogant when he had done nothing to inspire arrogance.
Still, I wondered about McCoy, because his players played for him, even those he had barely met. There were pluses to Mike McCoy.
“Mike has given us a heckuva chance,” Rivers said earlier when asked whether McCoy should stay or go. “There are 20 teams in our boat that are eliminated and I don’t know that all 20 can say they fought and played as hard, and practiced the way we did.”
True. Mike’s kids went out and played for him. They just didn’t play, couldn’t play, well enough.
“I know this; I want to be back,” McCoy said moments before his dismissal. “This is a special group; 2017 is going to be a special year for this football team (could be).
“We’ve created a culture here.”
He did. For someone else.
sezme.godfather@gmail.com; Twitter: @sdutcanepa


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Question: Tosa Popup Shop/Artisan Market

Event time: 10am-3pm
Unique One-Day Event Highlights Work from Local Artists and Makers Tosa Pop-Up Shop is April 29, 10 a.m. to 3 p.m. at Little Red Store
Eight independent female artists and makers from the Milwaukee area will host a unique pop-up event on Apr. 29 from 10 a.m. to 3 p.m. at the Little Red Store in Wauwatosa. The 2nd Annual Tosa Pop-Up Shop! will feature handmade gifts and deÌcor, such as crazy strong magnets, incredibly tasty cookies and granola, beautifully painted ceramics, unique vintage assemblage jewelry, creative signs, fun pillows, luscious soaps, colorful greeting cards and gorgeous vintage glass art. Most are perfect as gifts for Mother’s Day, which is May 14.
https://www.facebook.com/events/1936092519958380/
Featured independent artists:
Lucky Cookie by Mary Heitkemper (Wauwatosa) â€“ Small batch baker of cookies and granola, as well as illustrated greeting cards, prints and custom graphics.
MagNutty Mighty Mini Magnets by Lisa Balcerak (Greendale) â€“ Super-strong, super- small magnets upcycled from everyday things.
Sacred Identity by Jenny Farr (Wauwatosa) â€“ Repurposed vintage assemblage jewelry and all-natural soaps and balms.
SnapHappy Creative by Julie Terwelp (Wauwatosa) â€“ Unique upcycled art and hand- built pottery.
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The Vintage Glass Garden by Jean Marie Best (Wauwatosa) â€“ Upcycled garden art and home decor made from vintage glass, china, and silver plate, featuring elegant beading and findings.
×
This & That - Especially for You by Lori Baier (Waukesha) â€“ Signs, pillows and up cycled handcrafted home decor and gifts. Most pieces are one-of-a-kind, providing that unique touch to any home decor.
Ar{t}pin by Jen Arpin (Wauwatosa) â€“ Relief prints, beaded jewelry and unique home goods.
Mischief Makers by Jenny Leigh (Wauwatosa) â€“ Recycled art, including jewelry and other unique decorative pieces.
Price: Free

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August 2017 S Sunday M Monday T Tuesday W Wednesday T Thursday F Friday S Saturday
Golden Acorn Casino Promotion!
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Question: Gorakhpur tragedy: Despite restriction, doctors at BRD hospital have private practices

As per the rules of the hospital, the permanent doctors are not allowed to conduct private practices whatsoever. (ANI)
In another shocking evidence highlighting the painful condition of Gorakhpur’s Baba Raghav Das Medical College where over 70 children have died, it has been revealed that several doctors at the hospital offer private services to the patients at their residence, despite strict restriction on it by the government. As per the rules of the hospital, the permanent doctors are not allowed to conduct private practices whatsoever. Whereas the contract based doctors can follow such practices but only after completing their working hours and it is important for them to provide proper information about the same to the state government.
“The issue of private practice has been raised number of times earlier. A few years ago, no one had any private practice as such. But in a VIP case, a doctor cannot say no to examine the patient at home, but that cannot be termed as a private practice,” said the ex-Principle of the BRD medical college K.P. Kushwaha. Kushwaha also expressed disappointment over the tragedy and said that never in the history of the college has its image has been tainted. “Even in 2005, there was an epidemic. But still everything was handled very smoothly,” he said.
Interestingly even the newly appointed Nodal officer of pediatric department, Dr. Bhupendra Sharma examines patients at his residence. However, when asked about the same, Dr. Sharma flatly rejected the report and refused to make any comment on camera. But ANI encountered with a long queue of parents waiting with their children for being examined by Dr. Sharma at his residence. The father of one of the patients said that they used to visit BRD medical college 4 years ago. Then someone from the hospital administration suggested him to take his child to the doctor’s residence saying that the, “the child will get better treatment at home as compared to the hospital.”
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Where the services in the government hospital are free of cost, the doctors charge Rs 300 for examining the patient at their residence or private clinics. “The doctor will come here till 2 pm. They have charged me Rs 300. From past four years I am coming here. He is treating my child at home. The doctors at the hospital were not examining properly. Within two minutes they used to send us back,” said Surendar Kushwaha, father one of the patients waiting outside Dr. Sharma’s house.
It is not just Dr. Sharma, who offers private services to the patients at his home, but other doctors of the hospital also indulging in this practice.None of the doctors though agreed to face the camera and give clarification over the long queue of the people waiting for them for treatment at their residence. Dr. Abhishek Singh is another such name who made it to this list of doctors running private clinics.
Dr. Singh, who is employed on a contractual basis at BRD, practices at Rana hospital. Dr. Singh himself confirmed that he is on contractual basis and is completely eligible to do private practice. “I am eligible to practice outside the BRD hospital and I attend the patients after 5 p.m. at Rana hospital,” he said. But when the team of ANI visited the Rana hospital, it was revealed that Singh reaches there around 4 p.m. and even pays a visit during day time in case of emergencies.
A similar picture was seen at the residence of Dr. R.K. Sahi. Though Dr. Sahi was not available to comment on the same, his wife rejected the claim of private practice, despite the fact that a huge number of patients were waiting in line outside his house. “No Dr. Sahi doesn’t attend these patients. His younger brother and his wife are also doctors these patients are waiting for them. They live nearby, they attend the patients at both the places,” she claimed. It is very clear that the doctors of the BRC College offers personal services to the patients and it is hard to accept that the hospital authority is unaware of the fact. Surprisingly no action has ever been taken against them so far.

Akhilesh visits affected families in Gorakhpur on Monday. Courtesy: Akhilesh’s Twitter account Akhilesh visits affected families in Gorakhpur on Monday. Courtesy: Akhilesh’s Twitter account
While visiting the families of three children who were reportedly among those who died at BRD Medical College and Hospital in less than a week, Samajwadi Party (SP) president Akhilesh Yadav on Monday demanded an “impartial inquiry”, saying that the probe initiated by BJP “cannot be trusted”.
He also reiterated his demand for Rs 20 lakh compensation to each of the deceased children’s families, and strict action against the guilty. According to a party statement, the former chief minister said “there should be no politics over the deaths of innocent children”, but responsibility and accountability of the incident must be fixed.
The statement said Akhilesh visited Brahmadev Yadav, Santosh Gond and Kishun Gupta, whose children had allegedly died at the hospital. He also said the state government had adopted an “insensitive approach” and its ministers are “changing their statements” .
In Lucknow, Congress workers led by state party president Raj Babbar held a protest near the Gandhi statue in Hazratganj, seeking Chief Minister Yogi Adityanath’s resignation. Babbar said when Adityanath had claimed that the deaths did not occur due to shortage of oxygen, why was he get an inquiry done, and why was the oxygen vendor raided at night.
Babbar further said that the chief minister’s statement that the deaths had occurred due to encephalitis even before the inquiry’s report comes showed that he is “influencing” the probe. He also asked why the medical college’s principal Dr Rajiv Mishra was suspended and the head of the encephalitis ward Dr Kafeel Khan removed when “17 letters for payment of dues” were sent by the oxygen supplier “with their copies marked for information to the principal secretary, health, health minister and chief secretary”.
Babbar said Adityanath should disclose how many times he had met the union health minister, responsible officers, union Minister of State, health secretary or DG, Health, during the UPA government’s rule between 2004 and 2014.
Responding to the CM’s claim that Ghulam Nabi Azad — who was health minister in the UPA government — had said he could not do anything about the encephalitis issue as it is a state matter, Babbar said the UPA government had given Rs 150 crore for an AIIMS and to make BRD Medical College and Hospital a “super specialty” facility.
He added that a 100-bed encephalitis ward with “modern technology and facilities” was also given to the hospital at the time.
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