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Biden leads Americas pledge on migration after contested summit

US President Joe Biden on Friday led a pledge by 20 nations in the Americas to work together on migration, seeking to step up action on a growing political priority at a summit beset by disputes.

The weeklong Summit of the Americas in Los Angeles wound down with promises by Biden to do more, and a joint declaration on migration that largely formalized existing arrangements rather than setting new policy.

The declaration called for “safety and dignity of all migrants” but also greater cooperation by law enforcement.

Biden — who has promised a more humane approach than his predecessor Donald Trump — announced a $65 million effort to support documented seasonal work on US farms.

“But we need to halt the dangerous and unlawful ways people are migrating,” Biden said with regional leaders by his side.

“Unlawful migration is not acceptable and we will secure our borders including through innovative, coordinated actions with our regional partners.”

The effort was met by praise by the top diplomat of Mexico, the critical US partner on migration due to the 3,145-kilometer (1,954-mile) shared border, even though Mexico’s president conspicuously boycotted the summit.

Foreign Secretary Marcelo Ebrard said the summit’s results were “very positive,” including Biden’s calls for economic cooperation and the “regional approach on migration.”

Extreme poverty, rising violence and natural disasters worsened by climate change have triggered a sharp rise in Central Americans and Haitians seeking to enter the United States.

Trump’s Republican Party has seized on the issue ahead of congressional elections, denouncing migrants from developing countries and accusing Biden of failing to act effectively.

The State Department announced that the United States would resettle 20,000 verified refugees from the Americas over the next two years — a threefold increase but a far cry from the 100,000 Ukrainian refugees that Biden, mostly with Republican support, has pledged to take in.

The United States also announced $314 million in new funding to support some of the more than six million Venezuelans who have fled their country, whose economy has been in freefall.

– Discord over attendance –

Biden called the summit in the face of rising Chinese influence in a region that the United States has long considered its home turf.

The summit was marked from the start by discord, largely over Biden’s refusal to invite the leftist leaders of Cuba, Nicaragua and Venezuela on the grounds that they are authoritarians.

The row was why Mexican President Andres Manuel Lopez Obrador refused to attend and several leaders directly challenged Biden.

The prime minister of tiny Belize also pointedly questioned if Biden would follow up on lofty promises, noting the $40 billion package from the United States to support Ukraine in its war.

“We know that money is not the problem,” Prime Minister John Briceno told him Thursday.

At a concluding news conference, Secretary of State Antony Blinken said that the summit — which also discussed cooperation on health care, climate change and job creation — addressed the “practical needs” of the hemisphere.

“It’s hard to do that with governments that reject the basic principle that they’re accountable to their people and repress their citizens’ rights to speak up about the challenges they face,” Blinken said.

– Movement on Venezuela, Brazil –

Blinken voiced hope for progress in Venezuela, saying he understood that talks would resume between the government and opposition — which was not invited to Los Angeles despite US support.

He held out the prospect of easing sanctions on President Nicolas Maduro, whom Washington considers illegitimate, if he compromises in the talks in Mexico.

“Sanctions are not an end in themselves. They are an effort to incentivize those who are on the receiving end to engage in different conduct,” Blinken said. 

Biden at the summit met for the first time with Brazil’s far-right president, Jair Bolsonaro, who has questioned not only the legitimacy of upcoming elections at home but also of the US polls in which Biden defeated Trump.

Bolsonaro, who was one of Trump’s closest international allies, told the summit that his meeting with Biden was “simply fantastic.”

He also said he believed he could support agribusiness without destroying the Amazon, a long source of contention due to the rainforest’s vital role in mopping up carbon emissions.

Blinken called the meeting “constructive” and said that Biden offered to help on forest preservation, acknowledging the US historical responsibility for climate change.

Biden leads Americas pledge on migration after contested summit

US President Joe Biden on Friday led a pledge by 20 nations in the Americas to work together on migration, seeking to step up action on a growing political priority at a summit beset by disputes.

The weeklong Summit of the Americas in Los Angeles wound down with promises by Biden to do more, and a joint declaration on migration that largely formalized existing arrangements rather than setting new policy.

The declaration called for “safety and dignity of all migrants” but also greater cooperation by law enforcement.

Biden — who has promised a more humane approach than his predecessor Donald Trump — announced a $65 million effort to support documented seasonal work on US farms.

“But we need to halt the dangerous and unlawful ways people are migrating,” Biden said with regional leaders by his side.

“Unlawful migration is not acceptable and we will secure our borders including through innovative, coordinated actions with our regional partners.”

The effort was met by praise by the top diplomat of Mexico, the critical US partner on migration due to the 3,145-kilometer (1,954-mile) shared border, even though Mexico’s president conspicuously boycotted the summit.

Foreign Secretary Marcelo Ebrard said the summit’s results were “very positive,” including Biden’s calls for economic cooperation and the “regional approach on migration.”

Extreme poverty, rising violence and natural disasters worsened by climate change have triggered a sharp rise in Central Americans and Haitians seeking to enter the United States.

Trump’s Republican Party has seized on the issue ahead of congressional elections, denouncing migrants from developing countries and accusing Biden of failing to act effectively.

The State Department announced that the United States would resettle 20,000 verified refugees from the Americas over the next two years — a threefold increase but a far cry from the 100,000 Ukrainian refugees that Biden, mostly with Republican support, has pledged to take in.

The United States also announced $314 million in new funding to support some of the more than six million Venezuelans who have fled their country, whose economy has been in freefall.

– Discord over attendance –

Biden called the summit in the face of rising Chinese influence in a region that the United States has long considered its home turf.

The summit was marked from the start by discord, largely over Biden’s refusal to invite the leftist leaders of Cuba, Nicaragua and Venezuela on the grounds that they are authoritarians.

The row was why Mexican President Andres Manuel Lopez Obrador refused to attend and several leaders directly challenged Biden.

The prime minister of tiny Belize also pointedly questioned if Biden would follow up on lofty promises, noting the $40 billion package from the United States to support Ukraine in its war.

“We know that money is not the problem,” Prime Minister John Briceno told him Thursday.

At a concluding news conference, Secretary of State Antony Blinken said that the summit — which also discussed cooperation on health care, climate change and job creation — addressed the “practical needs” of the hemisphere.

“It’s hard to do that with governments that reject the basic principle that they’re accountable to their people and repress their citizens’ rights to speak up about the challenges they face,” Blinken said.

– Movement on Venezuela, Brazil –

Blinken voiced hope for progress in Venezuela, saying he understood that talks would resume between the government and opposition — which was not invited to Los Angeles despite US support.

He held out the prospect of easing sanctions on President Nicolas Maduro, whom Washington considers illegitimate, if he compromises in the talks in Mexico.

“Sanctions are not an end in themselves. They are an effort to incentivize those who are on the receiving end to engage in different conduct,” Blinken said. 

Biden at the summit met for the first time with Brazil’s far-right president, Jair Bolsonaro, who has questioned not only the legitimacy of upcoming elections at home but also of the US polls in which Biden defeated Trump.

Bolsonaro, who was one of Trump’s closest international allies, told the summit that his meeting with Biden was “simply fantastic.”

He also said he believed he could support agribusiness without destroying the Amazon, a long source of contention due to the rainforest’s vital role in mopping up carbon emissions.

Blinken called the meeting “constructive” and said that Biden offered to help on forest preservation, acknowledging the US historical responsibility for climate change.

Rare Stradivarius sells for near-record $15.3 million

A rare Stradivarius violin that belonged to a Russian-American virtuoso and was used in the “Wizard of Oz” soundtrack sold at auction in New York Thursday for $15.3 million, just below the record for such an instrument, according to auction house Tarisio.

The violin, made in 1714 by master craftsman Antonio Stradivari, belonged to virtuoso Toscha Seidel, who not only used it on the score for the 1939 Hollywood classic, but also no doubt while teaching his famous student Albert Einstein.

“This violin has set side by side with the great mathematician scientist as they played quartets in Albert’s home in Princeton, New Jersey,” said Jason Price, founder of Tarisio, which specializes in stringed instruments.

Seidel, who immigrated to the United States in the 1930s, and Einstein, who fled the Nazi regime in Europe, participated in a New York concert in 1933 in support of fleeing German Jewish scientists.

Of the thousands of instruments made by Stradivari, there are still around 600 known today.

“Of those, many are in museums, many are in foundations and are in situations where they won’t be sold,” Price said.

“There’s a select few which are known as the Golden Period examples, which is approximately between 1710 and 1720,” he said.

“And these, for the most part, are those which are most desired and most highly valued.”

The violin had previously belonged to the Munetsugu collection in Japan. Tarisio did not reveal who the buyer was.

The record for a Stradivarius at auction was set in 2011, when a violin baptized “Lady Blunt,” said to have belonged to Lady Anne Blunt, granddaughter of the poet Lord Byron, was sold for $15.9 in London. 

In 2014, another Stradivarius whose auction price was set at a minimum of $45 million did not sell.

Meta's Quest VR gear to let people 'hang out' in fake worlds

Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to its Quest 2 headsets in another step toward the metaverse.

The tweak heading for the latest model Quest from Meta-owned Oculus will let wearers hop into virtual settings with friends, chief Mark Zuckerberg said in a post on his Facebook page.

“I’m here to announce the ability to, as soon as you put on your Quest 2 headset, to have people hang out with you in a social environment,” Zuckerberg said in a video.

The software update will open a door to Horizon World virtual reality platform that Facebook-parent Meta opened to the public in North America at the end of last year.

Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said.

Horizon Worlds is far from a fully realized metaverse, a future internet where online experiences like chatting to a friend would eventually feel face-to-face thanks to VR headsets.

But the platform does let people gather online with friends or others, play games and immerse themselves in 360-degree videos.

Facebook parent Meta earlier this year instituted a minimum distance between users’ avatars in its virtual reality Horizon network after reports of harassment, one of the thorny issues for its metaverse vision.

The “personal boundary” function in the immersive platform puts a ring of space around users’ digital proxies.

Facebook renamed its parent company to Meta in October to emphasize its aim to shift from scandal-prone social media platform to its virtual reality vision for its future.

The firm’s metaverse push also includes tools for remote working, which boomed during the pandemic.

Facebook bought virtual reality headset maker Oculus in 2014.

The technology has taken off in the gaming industry, and become popular among players of Fortnite and Roblox.

Stocks tumble worldwide as US inflation soars

Stock markets plunged deeper into the red on Friday after data showed US inflation soared to the highest level in more than 40 years in May, far outpacing analysts’ expectations. 

In Europe, all of the major stock indices ended the week sharply lower. 

Paris’s blue-chip CAC 40 lost 2.7 percent on Friday, Frankfurt’s DAX index was down 3.1 percent, Milan’s FTSE MIB shed 5.1 percent, Madrid’s IBEX tumbled 3.7 percent and London’s FTSE dropped by 2.1 percent. 

On Wall Street, stocks also were deep in negative territory after US government data showed inflation reached 8.6 percent in the 12 months ended in May, the steepest rise in consumer prices since December 1981, on the back of surging energy and food prices.

The data had been eagerly anticipated as investors hungrily look for clues as to the direction of US interest rates at next week’s meeting of the Federal Reserve.

“The market had expected that we’d see at least a plateauing or flattening out of inflation but it seems that inflation pressures continue to build and we’ve seen a further broadening of price pressures,” said Shaun Osborne, a foreign exchange specialist at Scotiabank. 

“So it seems more entrenched, stickier kind of price or inflation situation.”

Osborne said the report will encourage investor debate on whether the US central bank will shift to a 75 basis point interest rate hike next week instead of the planned half-point increase.

But Osborne believes the Fed will go with its original plan, considering a bigger increase would look “panicky.”

Adding to the unease was news that officials in China had once again locked down millions of people for Covid testing owing to another flare-up in cases, dealing a blow to hopes for an economic reopening.

“Warning signs about the economy are emerging as weekly (US) jobless claims are starting to rise, China’s Covid situation will prove troublesome for supply chains over the next couple of quarters, and as inflationary pressures broaden and show no sign of easing,” said Edward Moya, analyst at OANDA trading group.

“It seems reductions in global growth forecasts will become a steady theme over the next few months and that should complicate how much more tightening we see from central banks,” he said.

The World Bank and Organization for Economic Co-operation and Development this week each lowered their global economic growth forecasts for 2022.

– Key figures at around 2100 GMT –

New York – Dow: DOWN 2.7 percent at 31,392.79 (close)

New York – S&P 500: DOWN 2.9 percent at 3,900.86 (close)

New York – Nasdaq: DOWN 3.5 percent at 11,340.02 (close)

London – FTSE 100: DOWN 2.1 percent at 7,317.52 (close)

Frankfurt – DAX: DOWN 3.1 percent at 13,761.83 (close)

Paris – CAC 40: DOWN 2.7 percent at 6,187.23 (close)

EURO STOXX 50: DOWN 3.4 percent at 3,599.20 (close)

Tokyo – Nikkei 225: DOWN 1.5 percent at 27,824.29 (close)

Hong Kong – Hang Seng Index: DOWN 0.3 percent at 21,806.18 (close)

Shanghai – Composite: UP 1.4 percent at 3,284.83 (close)

Euro/dollar: DOWN at $1.0526 from $1.0617 late Thursday

Euro/pound: UP at 85.39 pence from 84.98 pence

Dollar/yen: UP at 134.42 yen from 134.36 yen

Pound/dollar: DOWN at $1.2309 from $1.2493

Brent North Sea crude: DOWN 0.9 percent at $122.01 per barrel

West Texas Intermediate: DOWN 0.7 percent at $120.67 per barrel

burs-jmb/hs

Biden warns forces behind US Capitol riot 'remain at work today'

President Joe Biden warned Friday that the “forces” behind the deadly insurrection at the US Capitol last year remain a threat to democracy.

“It’s important the American people understand what truly happened, and to understand that the same forces that led to January 6 remain at work today,” he said during an address in Los Angeles, where he was hosting the Summit of the Americas.

The president’s remarks came in the wake of an explosive congressional hearing Thursday that blamed former president Donald Trump for an “attempted coup” that sparked the violence at the Capitol.

“The insurrection on January 6 is one of the darkest chapters in our nation’s history. A brutal assault on our democracy, a brutal attack on law enforcement, some losing their lives,” he said.

Biden urged Americans to “protect our democracy,” arguing that the battle for the country’s soul was “far from won.”

The House select committee looking into the insurrection is holding a month of hearings to lay out its initial findings from a year-long probe in the riot, which was linked to five deaths.

Lawmakers provided videotaped testimony from Trump aides and family members that they said revealed a deep-rooted and ongoing plot orchestrated by the former president to overturn the result of the 2020 election won by Biden.

“We can unite and defend this nation, Democrat and Republican, allow no one to place… a dagger at the throat of our democracy,” Biden said.

House Speaker Nancy Pelosi, who was also in Los Angeles for the summit, said that she was heartened by the  “tremendous” response to the hearing.

“The purpose of the committee is to seek the truth and to do so in a way that makes sure that never again would anybody think that it’s ok to have a coup,” she said.

She tied the effort to support for Ukraine as it battles a Russian invasion.

“We’re talking about winning for democracy,” she said.

Liz Cheney risks career to lead Republican anti-Trump resistance

Liz Cheney’s dogged pursuit of Donald Trump over last year’s riot at the US Capitol has cemented her status as the sole Republican to gamble her career as she breaks ranks with her party in the fight for US democracy.

The 55-year-old congresswoman from Wyoming, a daughter of former vice president Dick Cheney, was once seen as the tax-cutting, God-fearing, small-government apotheosis of American conservatism.

But her refusal to accept Trump’s false claims of a stolen 2020 election set her on a collision course with the Trump-dominated modern Republican Party, which booted her out of the leadership and disowned her at home in the “Cowboy State.”   

Cheney was one of just 10 Republicans in the House of Representatives to vote to impeach the former president for inciting the January 6, 2021 insurrection by his supporters.

“Tonight, I say this to my Republican colleagues who are defending the indefensible: There will come a day when Donald Trump is gone, but your dishonor will remain,” she said Thursday in her role as the vice-chair of the House committee investigating Trump over the insurrection. 

Cheney and her colleagues on the panel maintain that the president and his inner circle were part of a criminal conspiracy to overturn his 2020 election defeat to Joe Biden that culminated in the violence of January 6, 2021.

“In our country, we don’t swear an oath to an individual, or a political party,” Cheney said. “We take our oath to defend the United States Constitution. And that oath must mean something.”

– ‘Evasion and deflection’ –

Critics of the Republican leadership argue that it is an oath that the party largely abandoned in its unswerving fealty to its wayward leader, and the populist “America First” sentiment that swept him to power.

A year and a half after being defeated by Biden, Trump retains an iron grip on the Republican Party, which in February adopted as part of its official policy platform the falsehood that the mayhem at the Capitol constituted “legitimate political discourse.” 

“The parts of the conservative elite that still have some self-knowledge know Liz Cheney is right,” conservative commentator Bill Kristol tweeted on Friday.

“But they can’t take a stand against the new (Trumpist) establishment of which they desperately want to be a part. So it’s all evasion and deflection.”

Only one other Republican, Adam Kinzinger, has joined Cheney’s rebellion — but the stakes are lower for the Illinois congressman as he retires anyway in January.  

Both have been tarred as “RINOs” — “Republicans in name only” — by colleagues with far less conservative voting records.

Other Republican lawmakers have tried to walk a fine line between condemning Trump’s role in whipping up the crowd that stormed the Capitol and staying in his good graces.

Not Cheney.

“The president of the United States summoned this mob, assembled the mob, and lit the flame of this attack,” she said as she explained why Trump deserved blame for the insurrection — reprising word-for-word a withering assessment she first deployed during Trump’s second impeachment.    

– Wyoming political royalty –

Cheney, the elder of Dick Cheney’s two daughters, comes from a family that is the equivalent of political royalty in staunchly conservative Wyoming.

From 1979 to 1989, her now 81-year-old father held the House seat that she now occupies.

Dick Cheney resigned from Congress to become defense secretary under president George H.W. Bush and went on to serve for eight years as vice president under president George W. Bush.

After graduating from University of Chicago law school, Liz Cheney worked for the International Finance Corporation and served in various State Department posts.

She made an abortive bid for a US Senate seat from Wyoming in 2014 before winning election to the House in 2016.

She easily won re-election in 2018 and 2020, defeating her Democratic opponents by more than 40 points each time.

But the self-described “proud rodeo mom” of five children may have a tougher time around when she faces re-election in November.

Republican candidates are already lining up to challenge Cheney in the party primaries — and Harriet Hageman, who has the backing of Trump, appears to have built up a substantial lead.

Cheney, Hageman alleged in a statement on Friday, is doing “nothing to fight for the people who are suffering, instead playing a central role in the illegitimate January 6 committee designed to distract people from the miserable record of President Biden.”

Justin Bieber says suffering from facial paralysis

Justin Bieber on Friday told fans in a video posted to Instagram that he’s been diagnosed with Ramsay Hunt Syndrome, which is causing him partial facial paralysis.

The 28-year-old pop singer recently announced he was pausing his Justice World Tour due to illness, hours before his first slated concert in Toronto.

Ramsay Hunt Syndrome is a complication of shingles that occurs when an outbreak impacts the facial nerve near one ear. In addition to facial paralysis, it can cause hearing loss.

“As you can see, this eye is not blinking, I can’t smile on this side of my face, this nostril will not move,” Bieber explained in a video.

“So, there’s full paralysis on this side of my face. So for those who are frustrated by my cancellations of the next shows, I’m just physically, obviously, not capable of doing them. This is pretty serious, as you can see.”

The “Peaches” singer said he was doing facial exercises and taking time to “rest and relax and get back to 100 percent so I can do what I was born to do.”

He did not give an estimated timeline for his recovery.

It’s the third instance Bieber’s tour has been postponed, the first two due to the Covid-19 pandemic.

US health experts say monkeypox cases harder to detect

US health experts said Friday that cases of monkeypox that are being detected at the moment do not necessarily display the usual symptoms, making the disease more difficult to diagnose.

The Centers for Disease Control and Prevention (CDC) stressed that identifying cases was crucial to curbing the spread of the disease.

“We have seen presentations of monkeypox that are mild and sometimes only limited areas of the body, which differs from the classic presentation seen in endemic countries in Western Central Africa,” said Rochelle Walensky, head of the CDC.

“This has prompted concern that some cases may go unrecognized or undiagnosed,” she added, urging increased vigilance among members of the medical profession and the public in general.

Current cases do not always present flu-like symptoms, such as fever, body aches and swollen glands that typically precede the appearance of the rash characteristic of the disease. 

Additionally, while these rashes typically appear all over the body, many current cases are limited to certain areas. 

“It’s important to be aware that monkeypox cases may present similar to some sexually transmitted infections,” such as herpes, “and could be mistaken for other diagnoses,” Walensky said.

The United States has now recorded 45 cases, she added, twice as many as last week. No deaths have been reported. 

As of June 9, around 1,300 cases had been identified worldwide, she said. 

Transmission requires close and prolonged contact between two people. The United States is counting in particular on the vaccination of contact cases to stem the epidemic. 

The country has 100 million doses of the vaccine ACAM2000, but is in the process of getting doses of another more modern vaccine, Jynneos, she said. 

At the end of May, the United States had only 1,000 doses of the newer drug, compared to 72,000 today, said Dawn O’Connell of the Department of Health on Friday. 

Another 300,000 doses are expected to arrive in the coming weeks, she added.

Biden says ExxonMobil 'made more money than God'

President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans’ wallets and the US leader’s popularity ahead of midterm elections.

“Exxon made more money than God this year,” he said, advocating increasing taxes on oil companies.

ExxonMobil reported massive profits in the first three months of the year despite lower oil and natural gas volumes, as crude prices rose after Russia’s invasion of Ukraine.

Oil companies “have 9,000 permits to drill. They’re not drilling. Why aren’t they drilling? Because they make more money not producing more oil,” Biden said in comments at the Port of Los Angeles hours after the government released a devastating inflation report reflecting soaring energy prices.

And with the higher profits, “they’re buying back their own stock, which should be taxed quite frankly. Buying back their own stock and making no new investments.”

After a dreadful 2020 amid Covid-19 lockdowns that devastated petroleum demand, oil companies returned to profitability in 2021 and have continued to see earnings skyrocket this year.

ExxonMobil’s first-quarter profits more than doubled to $5.5 billion, and revenues rose 52.4 percent to $87.7 billion.

The petroleum giant also increased spending on share buybacks by $20 billion, and while it has planned to increase capital spending in 2022, Exxon ruled out additional investment.

Biden, whose popularity has plummeted in the face of the highest inflation in four decades and sky-high gas prices.

Government data released Friday showed the consumer price index jumped 8.6 percent compared to May 2021, up from 8.3 percent in the 12 months ending in April and topping what most economists thought was the peak in March.

Energy has soared 34.6 percent over the past year, and fuel oil costs more than doubled, jumping 106.7 percent, the largest increase in the history of CPI, which dates to 1935.

Oil prices have mostly lingered above $100 a barrel after spiking to around $130 a barrel in early March shortly after the Russian invasion of Ukraine. American drivers are facing new record gas prices daily, with the national average hitting $4.99 a gallon on Friday, according to AAA.

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