• 850-433-1141 | info@wpnnradio.com | Text line: 850-790-5300

Yearly Archives :

2026

Redistricting debate shifts to South Carolina

Redistricting debate shifts to South Carolina 150 150 admin

COLUMBIA, S.C. (AP) — An effort to reshape South Carolina’s congressional districts will get its first full airing Monday in the state House, as lawmakers launch a lengthy and potentially testy discussion on whether to accede to President Donald Trump’s desires for a U.S. House map that could yield a clean sweep for Republicans.

Tense debates already have played out in Tennessee, Alabama and Louisiana as Republicans push aggressively to leverage a recent U.S. Supreme Court ruling on race based gerrymandering. The ruling has opened the way for Republicans to redraw districts with large Black populations that critics charge were designed to make sure Democrats were elected.

In South Carolina, that means targeting a seat long held by U.S. Rep. Jim Clyburn, the only Democrat among the state’s seven representatives in the House.

Clyburn has said he has no intention of retiring, even if his district gets changed. He told reporters last week in Washington that he has addresses in Columbia, Charleston and Santee, adding: “I live in three districts. I’ll decide which one to run in.”

Early voting is scheduled to begin May 26 for South Carolina’s statewide primaries on June 9. In addition to redrawing congressional districts, legislation pending in the state House would move the U.S. House primaries to August. If it clears the House, the legislation then must go to the Senate.

Republican Gov. Henry McMaster, who called lawmakers into a special session on redistricting, said it is important for South Carolina to send as many Republicans to Washington as possible to try to prevent Democrats from taking control of the House and attempting to impeach Trump.

Republicans are ahead in the national redistricting battle thus far. Since Trump agreed with Texas Republicans efforts to redistrict last year, Republicans think they could gain as many as 15 seats from new House maps in Texas, Missouri, North Carolina, Ohio, Florida, Tennessee and Alabama. Democrats, meanwhile, think they could gain six seats from new maps in California and Utah. But litigation is ongoing in some states, and voters will have the final say on who wins.

In addition, the courts have struck down Virginia’s effort to redistrict. A move that likely would have gotten rid of 4 Republican districts.

source

Kyle Su’s Kuark Capital launches $400 million Asia tech-focused hedge fund

Kyle Su’s Kuark Capital launches $400 million Asia tech-focused hedge fund 150 150 admin

By Summer Zhen

HONG KONG, May 19 (Reuters) – A Hong Kong-based fund manager is launching a new hedge fund to tap rising investor interest in Asian artificial intelligence stocks, with a focus on Taiwan and Japan, three sources familiar with the matter said.

Kuark Capital, led by Taiwanese Kyle Su, has secured at least $400 million before launching the hedge fund, said one of the three sources, all of whom declined to be named as they were not authorised to speak to the media.

Su did not respond to requests for comment.

The hedge fund’s debut comes as a sharp tech stock rally in Asia, from China to South Korea, has spurred investors to seek more exposure to AI firms in the region.

Investor interest has been fuelled by the region’s central role in the AI supply chain, from chip making to packaging and materials. Global asset allocators are also looking at undervalued opportunities to enhance their returns.

Asia equity long-short funds on average posted a 10% gain in the first four months of this year, outperforming other regions and outpacing a 5.2% average gain globally, according to Morgan Stanley prime brokerage data.

The concentration of semiconductor stocks in the Asia-focused long-short funds contributed to the performance, the data showed.

Kuark Capital plans to adopt a low-net-equity long-short strategy, meaning it will look for both bullish and bearish stock ideas while keeping overall market exposure limited.

Market participants said low-net strategies have gained traction in recent years, as they require fund managers to protect downside risks amid increased volatility in global markets.

Su previously managed a roughly $1 billion equity portfolio at Kadensa Capital for about nine years, according to a Kuark investor presentation seen by Reuters.

Kadensa Capital is a Hong Kong-based hedge fund focused on Asian investments.

Kuark’s presentation said its strong local networks in Taiwan and Japan, along with Su’s engineering background, give it an edge in uncovering investment ideas across the region.

Kuark has hired Hiro Ikeda, a Japanese-Taiwanese veteran investor with experience at Optimas Capital, Fidelity and T. Rowe Price, as director of research. Ikeda also did not respond to requests for comment.

Ikeda managed a low-net mandate for Optimas Capital – which received an allocation from New York-based hedge fund Millennium Management last year – in Hong Kong for four years, according to Kuark’s presentation.

(Reporting by Summer Zhen; Editing by Sumeet Chatterjee and Thomas Derpinghaus)

source

Hungary’s Magyar kicks off his first foreign trip as prime minister to ally Poland

Hungary’s Magyar kicks off his first foreign trip as prime minister to ally Poland 150 150 admin

BUDAPEST, Hungary (AP) — Hungary’s new prime minister headed on Tuesday to Poland, a longtime ally whose recent political transformation has plenty of lessons to offer on how Péter Magyar’s government can go about reversing his country’s authoritarian drift.

Magyar, whose center-right Tisza party defeated far-right Prime Minister Viktor Orbán and his nationalist-populist Fidesz in an earthquake election last month, has vowed to dismantle the political and economic system his autocratic predecessor spent 16 years building.

That has raised hopes across Europe, and also drawn comparisons to Poland’s 2023 election when Prime Minister Donald Tusk’s center-right coalition defeated the national-conservative Law and Justice party after eight years in power.

Like Magyar, Tusk moved quickly to restore democratic institutions eroded during the previous government, including the judiciary and public media, while seeking accountability for officials accused of abuses of power.

Magyar is flying to the southern Polish city of Krakow on Tuesday, before proceeding by train to the capital of Warsaw and then on to Gdansk, on the Baltic Sea.

After taking office on May 9, Magyar called openly for many officials appointed by Orbán’s government to step down or be removed by constitutional amendment — a power available to him after Tisza won a two-thirds majority in Parliament.

Magyar has targeted Hungary’s President Tamás Sulyok, a mostly ceremonial role but with some key constitutional powers, as well as the country’s attorney general and the heads of the constitutional and supreme courts — all figures he’s decried as “Orbán’s puppets.”

Andrzej Sadecki, an analyst with the Center for Eastern Studies in Warsaw, told The Associated Press that Magyar’s biggest challenge is that “some key state institutions are still in the hands of people nominated by Fidesz.”

Still, unlike in Poland, “the situation is much easier for Magyar because he has a constitutional majority. This makes it much easier for him to introduce deep changes,” Sadecki said.

While Tusk took power through a coalition government in Poland’s 2023 election, Magyar’s Tisza won 53% of the vote, gaining more votes and seats in Parliament than any other party in Hungary’s post-Communist history.

“It’s not just a change of government, it’s a watershed moment,” Sadecki added.

Orbán’s rule was marked by a sprawling media ecosystem, which for years served as a loyal mouthpiece for his Fidesz party while discrediting, defaming and intimidating his opponents.

Fresh from election victory, Magyar slammed public broadcasters under Orbán as “a factory of lies,” and said his government would suspend their news services until “the conditions for objectivity are restored.”

The approach mirrors steps taken by Tusk’s government, which less than a month after taking power revamped evening newscasts on state television. Poland’s new government argued its ownership of public media gave it the authority to replace executives at state outlets.

But the process drew criticism even by some liberal groups, with the Helsinki Foundation for Human Rights in Warsaw saying at the time that “the manner of initiating changes in public media raises serious legal doubts.”

Still, József Péter Martin, executive director of Transparency International Hungary, said the degree to which Hungary’s public media had failed to fulfill its role means that “it should be rebuilt, and it can be done within the framework of the rule of law.”

During its years in power, Poland’s Law and Justice party tightened control over the courts by appointing loyalist judges to higher courts and punishing critics with disciplinary action.

It also installed enough sympathetic judges to the Constitutional Tribunal to delay any bills the party deemed unfavorable by referring them for constitutional review. Tusk government efforts to reverse those changes have repeatedly been blocked by two subsequent Law and Justice-sympathetic Polish presidents.

While progress was made in some areas, judicial independence has not been fully restored in Poland, and Magyar’s government could face similar challenges.

Despite Magyar’s calls for him to resign, President Tamás Sulyok — an Orbán ally whose term expires in 2029 — has indicated he does not intend to step down.

Also, the head of Hungary’s Constitutional Court, Péter Polt, widely regarded as a Fidesz loyalist, is to remain in office until 2037.

Though many Hungarian judges and prosecutors faithfully carry out their duties, judicial leadership — including the heads of the constitutional and supreme courts — should be replaced to restore trust and impartiality, said Martin of Transparency International Hungary.

And “not with (Magyar’s) Tisza loyalists, because then we would go from one problem to the other, but with someone who has full integrity and devotion to the Hungarian constitution and to the public interest, and not to the interest of the former autocratic regime,” Martin said.

Even without fully restoring judicial independence, Polish prosecutors have opened investigations and pursued cases against former Law and Justice officials they accuse of abusing their positions to benefit their political allies.

In October, Polish prosecutors announced plans to charge former Justice Minister Zbigniew Ziobro with diverting money from a Justice Ministry fund intended for victims of violence and using it for his own personal and political gain.

Prosecution of Ziobro, however, stalled when he announced in January that he had been granted asylum in Orbán’s Hungary. Since Magyar’s election win, Ziobro has said he is now in the United States, with Polish authorities seeking his return.

Many of the nearly 3.4 million Hungarians that voted for Tisza expect the new government to hold Orbán and his political and economic allies accountable.

Magyar has pledged to create the National Asset Recovery and Protection Office, an authority tasked with investigating and seeking to recover public funds allegedly misused during Orbán’s tenure.

According to Martin, restoring the rule of law and judicial independence would be “the initial and most essential step” toward ensuring past abuses will be prosecuted.

Hungary joining the European Public Prosecutor’s Office, something Magyar has promised to do, would be a step in the right direction, he added.

“If all this is done, then I think there is a good chance that the corrupt perpetrators of the former regime, under an independent judiciary, can be held accountable,” he said.

___

Ciobanu reported from Warsaw, Poland.

source

American doctor working in Congo tests positive for Ebola

American doctor working in Congo tests positive for Ebola 150 150 admin

An American medical missionary in the Democratic Republic of the Congo has a confirmed case of Ebola, and is being taken to Germany for treatment.
source

Pennsylvania woman finds 3.09-carat white diamond at Arkansas state park

Pennsylvania woman finds 3.09-carat white diamond at Arkansas state park 150 150 admin

A woman from Pennsylvania found a 3.09-carat white diamond at Crater of Diamonds State Park in Arkansas.
source

Stellantis to push US revival, brands and Chinese deals in high-stakes pitch to investors

Stellantis to push US revival, brands and Chinese deals in high-stakes pitch to investors 150 150 admin

By Giulio Piovaccari

MILAN, May 19 (Reuters) – Stellantis’ CEO Antonio Filosa will outline a new long-term strategy to investors on Thursday with a focus on reviving crucial U.S. sales, tightening the group’s sprawling portfolio, and leveraging tie-ups with Chinese firms.

The presentation at the Fiat-to-Jeep owner’s capital markets day, in Auburn Hills, Michigan, is a crunch point for Filosa who was brought in last year to turn around the carmaker’s flagging fortunes after it lost ground in the U.S. and Europe. Its shares hit an all-time low in March this year.

The world’s No. 4 automaker by sales is expected to outline plans to focus funding on a smaller group of four core brands, Reuters reported, while looking to expand joint ventures with Chinese automakers to make use of capacity and trim costs.

“They just need their North American business to function. That will give immediate value to their stock,” said Massimo Baggiani from London-based Stellantis investor Niche Asset Management, which has bought two tranches of shares since March.

Baggiani added that Stellantis needs to tackle overcapacity in Europe, overhaul its brand strategy and fend off growing competition from Chinese rivals in regions like South America and Africa where it remains profitable.

“The good thing is that Filosa seems to be aware and has ideas on how to address such challenges,” he said. “We’ll need to test him over a longer period.”

STELLANTIS PRESENTATION TO CONTAIN ‘A LOT OF CHINA’

Filosa will also likely focus on partnerships with Chinese automakers after Stellantis this month announced it will expand its joint venture in Europe with Leapmotor and a deal with Dongfeng to produce vehicles in China.

Filosa’s pitch to investors will have “a lot of China in it,” a source familiar with the matter told Reuters.

The group has excess production capacity across several countries and, like European rival Volkswagen, Filosa says Stellantis is open to sharing European factory space with other Chinese automakers beyond Leapmotor.

The group last week hinted that its manufacturing cooperation with Dongfeng could soon expand beyond China.

Investors are eager to know whether Filosa’s plan can deliver a sustained sales recovery and lift profits, while addressing issues from brand complexity to industrial inefficiency and $26 billion charges for scaling back its EV ambitions.

Such deals could also help the Franco-Italian automaker improve its own EVs by acquiring electric know-how from Chinese rivals, who have competitive EV platforms and supply chains, major cost advantages and quicker car development time.

BRAND STRATEGY

Citi analysts said in a note that Filosa was trying to address gaps in the U.S. market – where its cars only chimed with half of all buyers – with the new Jeep Cherokee as well as compact and midsize pickup trucks.

Investors will also be looking for clarity on Stellantis’ vision for its 14 brands, the industry’s largest portfolio.

Focusing investments on Jeep, Ram, Peugeot and Fiat would be a shift from the group’s traditionally more even allocation of resources and reflects the need to focus capital on higher-volume, higher-margin labels without scrapping brands entirely.

Remaining brands will stay, but with a more niche or regional scope.

“If you are too drastic in deciding to quit one or the other, then you are losing that customer base for somebody else,” Filosa said last week.

“The real point is not to select one, two, three, or four brands,” he added. “The real point is to combine efficient capital allocation with brand-specific strategies.”

($1 = 0.8541 euros)

(Reporting by Giulio Piovaccari; Editing Nick Carey and Gus Trompiz)

source

Professional mourners mix tribal tradition with Kenya’s widespread Christianity

Professional mourners mix tribal tradition with Kenya’s widespread Christianity 150 150 admin

KISUMU, Kenya (AP) — The body of Tom Ochieng Mima is dressed in formal funeral finery, casket shaded from the hot western Kenyan sun as family and friends of the late 64-year-old settle into plastic chairs beneath white tents just off the roadside.

Wails pierce the air in a mix of lyrical song and unrestrained cries; a group of mourners wave leafy branches and beat them against the ground in a rhythm. A performance like this would not seem out of place at many funerals around the world — at first glance.

But this group of men and women never knew Mima, nor are they friends of his bereaved loved ones. They are professional mourners who are hired to openly and loudly express grief in line with local Luo cultural norms.

The role is an unlikely but relatively steady and well-paid job in Kenya’s poorer western regions, where traditional beliefs blend with widespread Christianity to create a unique patchwork of religious rites.

“It is a job anyone can do,” said Francis Oyoo, who has worked as a professional mourner for the last two years. “As long as you are in touch with your emotions and can show empathy.”

Oyoo typically receives one or two jobs as a professional mourner each month, with the pay — close to $80 — modest but enough to keep him afloat.

Professional mourners say they draw on their own experiences of grief to channel emotion at others’ funeral ceremonies.

“You think of someone you loved,” said Oyoo, who began the work after his uncle died in an accident and he felt compelled to help others with loss.

James Ajowi, another paid mourner at Mima’s funeral, is a veteran of more than 20 years in the profession. His daughter died a few years ago of a lung disease, and he said his own experience with grief deepened his commitment to the work. “It’s as if she was preparing me,” Ajowi said.

Those left behind take great comfort in the professional mourners who bolster attendance at funerals, which are already loud and busy community social affairs in western Kenya.

“They support us. They show us love,” said Lawrence Ouma Angira, who was raised by the deceased Mima, his uncle. “They help fill the emptiness and they comfort us,” he added — even if they never knew the subject of their grief. “They understand loss.”

Among the Luo people who live near Lake Victoria, mourning is not only about grief but also protection, according to Charles Owour Olunga, an anthropologist. Death is seen as a transition, with crying, singing, and movement by mourners helping drive away evil spirits.

Additional, unrelated mourners — typically women — appear at funerals in traditional cultures across Africa and Asia, Olunga said, though it is relatively unusual for men to also play a role. In addition to grieving, they may also help maintain order in large gatherings.

The professionalization of mourning is relatively recent, however, the anthropologist noted. “It is linked to urbanization and commercialization,” said Olunga. “We are moving away from the authentic, but still holding on to tradition. They add color to an existing process.”

Among scholars of religion, the particular blend of Christian beliefs with even older spiritual traditions in western Kenya is also notable.

The region has a significant number of so-called African-initiated churches, according to University of Nairobi research. They are a phenomenon linked to local pushback against strict Christianity’s prohibition of Indigenous rituals.

For the mourners, both those who knew Mima and the paid strangers, the nuances of combined Christian and traditional beliefs are less important than the emotional understanding and comfort that grief builds community.

“Death is painful,” said Oyoo. “But I also find strength in knowing that one day, I too will die — and people will gather for me.”

___

Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.

source

Joe Hunter's Mission

Joe Hunter's Mission 150 150 admin

A “Survivor” contestant believes his sister was murdered and is determined to be her voice. “48 Hours” correspondent Natalie Morales reports.
source

US Treasury, India’s Adani Enterprises settle alleged Iran sanctions violations

US Treasury, India’s Adani Enterprises settle alleged Iran sanctions violations 150 150 admin

By Dan Rosenzweig-Ziff

WASHINGTON, May 18 (Reuters) – The U.S. government said on Monday India’s Adani Enterprises agreed to pay $275 million to settle alleged sanctions violations involving Iran, as the Trump administration moved to resolve several cases involving Indian billionaire Gautam Adani. 

The U.S. Treasury Department said Adani Enterprises had bought shipments of liquefied petroleum gas from a Dubai-based trader purporting to supply Omani and Iraqi gas that had actually originated from Iran. Adani is the company’s founder and chairman.

   The U.S. Securities and Exchange Commission separately settled a civil lawsuit against Adani over an alleged scheme to bribe Indian government officials, court records showed last week, although the move is subject to court approval.

The Justice Department is also close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with the matter. That dismissal could come as soon as Monday morning, one source said. 

U.S. prosecutors had charged Adani for allegedly agreeing to pay $265 million in bribes to Indian government officials so his company could win approval to develop India’s largest solar power plant.  

Adani and his alleged co-conspirators raised more than $3 billion in loans and bonds by hiding their corruption from lenders and investors, prosecutors said. The Adani Group, a conglomerate that includes Adani Enterprises, has consistently denied any wrongdoing.

Adani, a close ally of Indian Prime Minister Narendra Modi, is one of the world’s richest people, with an estimated worth of $82 billion, according to Forbes magazine. 

(Reporting by Dan Rosenzweig-Ziff and Susan Heavey; editing by Andy Sullivan, Michelle Nichols, Rod Nickel)

source

Divers find bodies of 4 Italians in Maldives sea cave

Divers find bodies of 4 Italians in Maldives sea cave 150 150 admin

Italy’s Foreign Ministry said Monday rescuers located the bodies of four Italian divers who were believed to be deep inside an underwater cave in a Maldive atoll.
source