Category Archives: News

Worldwide news. News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called “hard news” to differentiate it from soft media

OPEC Agrees Oil Cut Extension to End of 2018

OPEC agreed on Thursday to extend oil output cuts until the end of 2018 as it tries to finish clearing a global glut of crude while signalling it could exit the deal earlier if the market overheats.

Non-OPEC Russia, which this year reduced production significantly with OPEC for the first time, has been pushing for a clear message on how to exit the cuts so the market doesn’t flip into a deficit too soon, prices don’t rally too fast and rival U.S. shale firms don’t boost output further.

The producers’ current deal, under which they are cutting supply by about 1.8 million barrels per day (bpd) in an effort to boost oil prices, expires in March.

Two OPEC delegates told Reuters the group had agreed to extend the cuts by nine months until the end of 2018, as largely anticipated by the market.

OPEC also decided to cap the output of Nigeria at around 1.8 million bpd but had yet to agree a cap for Libya. Both countries have been previously exempt from cuts due to unrest and lower-than-normal production.

The Organization of the Petroleum Exporting Countries has yet to meet with non-OPEC producers led by Russia, with the meeting scheduled to begin after 1500 GMT.

Before the earlier, OPEC-only meeting started at the group’s headquarters in Vienna on Thursday, Saudi Energy Minister Khalid al-Falih said it was premature to talk about exiting the cuts at least for a couple of quarters and added that the group would examine progress at its next meeting in June.

“When we get to an exit, we are going to do it very gradually… to make sure we don’t shock the market,” he said.

The Iraqi, Iranian and Angolan oil ministers also said a review of the deal was possible in June in case the market became too tight.

International benchmark Brent crude rose more than 1 percent on Thursday to trade near $64 per barrel.

Capping Nigeria, Libya

With oil prices rising above $60, Russia has expressed concerns that such an extension could prompt a spike in crude production in the United States, which is not participating in the deal.

Russia needs much lower oil prices to balance its budget than OPEC’s leader Saudi Arabia, which is preparing a stock market listing for national energy champion Aramco next year and would hence benefit from pricier crude.

“Prices will be well supported in December with a large global stock draw. The market could surprise to the upside with even $70 per barrel for Brent not out of the question if there is an unexpected interruption in supply,” said Gary Ross, a veteran OPEC watcher and founder of Pira consultancy.

The production cuts have been in place since the start of 2017 and helped halve an excess of global oil stocks although those remain at 140 million barrels above the five-year average, according to OPEC.

Russia has signaled it wants to understand better how producers will exit from the cuts as it needs to provide guidance to its private and state energy companies.

“It is important… to work out a strategy which we will follow from April 2018,” Russian Energy Minister Alexander Novak said on Wednesday.

US Attorney General Meets With House Intelligence Panel

U.S. Attorney General Jeff Sessions met behind closed doors on Thursday with members of the House of Representatives Intelligence Committee as it investigates possible Russian efforts to influence the 2016 U.S. presidential election.

He was expected to spend at least two hours in the interview.

The panel is among several congressional committees, along with the Justice Department’s special counsel Robert Mueller, investigating alleged Russian interference in the campaign and potential collusion by President Donald Trump’s campaign.

Moscow has denied any meddling and Trump has said there was no collusion.

When he was a Republican U.S. senator, Sessions was an early supporter and close adviser to Trump during his run for the White House.

Later on Thursday, the intelligence committee said it was meeting with Erik Prince, who founded the private military contractor Blackwater and also was a supporter of Trump’s presidential campaign.

Reporting by Sarah N. Lynch and Patricia Zengerle; Editing by Bill Trott.

Trump Could Name CIA’s Pompeo to Replace Top Diplomat Tillerson

U.S. President Donald Trump within the next several weeks could name Central Intelligence Agency Director Mike Pompeo to replace Secretary of State Rex Tillerson, according to media reports quoting senior administration officials on Thursday.

Several U.S. news outlets reported that the shakeup of Trump’s top national security team has been under consideration for some time now, although it was not clear that Trump has made a decision.

In a brief exchange with reporters at the White House, Trump, when asked about Tillerson’s fate, said, “He’s here. Rex is here.” The president made no other comments.

The White House downplayed the reports of Tillerson’s departure.

“As the president just said, ‘Rex is here.’ White House spokesperson Sarah Huckabee Sanders said. “There are no personnel announcements at this time. Secretary Tillerson continues to lead the State Department and the entire cabinet is focused on completing this incredibly successful first year of President Trump’s administration.”

​Reports say under the plan, Arkansas Republican Senator Tom Cotton, a staunch ally of Trump on national security issues, would replace Pompeo as the CIA chief.

Tillerson’s departure from the State Department would end a troubled tenure for the former ExxonMobil chief executive, who has clashed with Trump over dealing with the nuclear threat posed by North Korean leader Kim Jong Un.

Brookings Institution Senior Fellow Thomas Wright told VOA, “The Secretary of State is only influential if he is perceived as close to the president. Now that the White House has told multiple media outlets it intends to replace Rex Tillerson, he has been stripped of any power he enjoyed.”

But Tillerson has given no indication he plans to resign, saying in early October, “There has never been a consideration in my mind to leave. I serve at the appointment of the president and I am here for as long as the president feels I can be useful to achieving his objectives.”

Senator Bob Corker, the chairman of the Senate Foreign Relations Committee, said he spoke with Tillerson on Thursday. “He’s conducting business, as is the norm, and is unaware of anything changing,” Corker told reporters.

Trump routinely has disparaged Kim Jong Un as “Little Rocket Man” and threatened to unleash U.S. military power on North Korea if it attacks the U.S. or its allies. Months ago, Trump told Tillerson in a Twitter comment to stop wasting his time trying to negotiate with the Pyongyang dictator.

“Save your energy Rex, we’ll do what has to be done!” Trump said.

At one point, the 65-year-old Tillerson was quoted as calling Trump a “moron” after a Pentagon meeting.

He did not deny making the disparaging assessment of the U.S. leader’s intellect, instead deflecting questions about the story, saying it was part of Washington political games. “I’m not going to deal with that petty stuff,” he said.

Pompeo, a 53-year-old former three-term congressman from the Midwestern state of Kansas, apparently has won Trump’s favor while giving him the CIA’s daily intelligence briefings in person at the White House, rather than delegating that responsibility to a staff aide.

Senator Cotton is a staunchly conservative lawmaker who has often voiced support for Trump’s policies. He has signaled that he would take the job as CIA director if Trump offers it.

 

More Than Half the World’s Population Lacks Social Protection

The International Labor Organization says a majority of the world’s population, four billion people, have no social protection, leaving them mired in an endless cycle of poverty. 

The report says 45 percent of the global population is covered by at least one social benefit.  But that leaves 55 percent without any social protection, a situation ILO Director General Guy Ryder calls unacceptable.

“That means that they do not receive any child benefit, any maternity benefit, any unemployment protection, any disability benefit, any old age pension and that they do not actively contribute to social security systems,” Ryder said.

The consequences are severe and tangible.  The report finds the lack of social protection leaves people vulnerable to illness, poverty, inequality and social exclusion.  The ILO regards the situation as a significant obstacle to economic growth and social development.

Ryder tells VOA governments would benefit from considering social protection as an investment in their populations.

“Social protection is a human right and we should be pursuing it because it is a human right,” Ryder said. “But, also, I think there is a great deal of evidence to demonstrate that when social protection systems are in place and where they function well and one can think of the whole cycle of protection from kids right through to old age, then you reap economic benefits from it.” 

The report says the lack of social protection is most acute in Africa, Asia, and the Arab States.  It recommends those regions increase their public expenditure to at least guarantee basic social security coverage to all their people.

Eurozone Recovery Fueling Jobs But Wages, Prices Lag

The buoyant economic recovery across the 19-country eurozone has pushed unemployment down to its lowest level in nearly nine years but has yet to translate to a sustained pick-up in wages and prices, official figures indicated Thursday.

 

Eurostat, the European Union’s statistics agency, said the jobless rate fell to 8.8 percent in October, from 8.9 percent the previous month. That’s the lowest since January 2009, when the region, like the world economy, was reeling from the global financial crisis and the ensuing deep recession.

 

Across the region, there were 14.34 million people out of work, down 1.5 million in the past year. That’s clear evidence that the economic recovery, which has gathered momentum during 2017, has invigorated the jobs market, especially in some of those countries that saw the biggest spikes in unemployment after the financial crisis. That’s especially true in Spain, which for much of the past few years lumbered under the weight of an unemployment rate of around 25 percent. Now, following strong growth, unemployment has fallen to 16.7 percent.

 

Though the eurozone is growing strongly, inflation is still a way short of the European Central Bank’s goal of just below 2 percent, a level it considers healthiest for the economy.

 

Eurostat said its headline measure of consumer price inflation rose to 1.5 percent in November, largely because of higher energy prices. While up from October’s 1.4 percent, it was below expectations in markets for a rise to 1.6 percent and indicates that underlying inflation pressures largely related to wages remain modest despite falling unemployment. The core rate of inflation, which strips out volatile items like food, energy, alcohol and tobacco, was stuck at 0.9 percent in November – again below expectations of a rise to 1 percent.

 

ECB President Mario Draghi has said there are a number of reasons why wages are not rising strongly, including the possibility that after years of low interest rates and weak inflation, wage negotiators may have been focused more on keeping jobs than on securing higher pay. He said these kinds of factors are likely to be “transitory” and that the recent “remarkable” increases in employment should start to show in a rise in nominal wages. With spare capacity in the economy diminishing, the hope is that a pick-up in wages that can support consumer demand and give inflation a boost.

Over the past few years, the ECB has enacted a series of stimulus measures, including cutting its main interest rate to zero, in the hope of getting inflation back up to target. Recently it eased up on its bond-buying stimulus program, which aims to keep market interest rates low, amid mounting evidence of economic growth.

 

Economists are not predicting any further changes soon, with Thursday’s figures adding to that perception.

 

“Today’s figures are unlikely to prompt the bank to accelerate the process of monetary normalization,” said Pablo Shah, an economist at the Center for Economics and Business Research.

Facebook Suspends Ability to Target Ads by Excluding Racial Groups

Facebook Inc. said on Wednesday it was temporarily disabling the ability of advertisers on its social network to exclude racial groups from the intended audience of ads while it studies how the feature could be used to discriminate.

Facebook’s chief operating officer, Sheryl Sandberg, told African-American U.S. lawmakers in a letter that the company was determined to do better after a news report said Facebook had failed to block discriminatory ads.

The U.S.-based news organization ProPublica reported last week that, as part of an investigation, it had purchased discriminatory housing ads on Facebook and slipped them past the company’s review process, despite claims by Facebook months earlier that it was able to detect and block such ads.

“Until we can better ensure that our tools will not be used inappropriately, we are disabling the option that permits advertisers to exclude multicultural affinity segments from the audience for their ads,” Sandberg wrote in the letter to the Congressional Black Caucus, according to a copy posted online by ProPublica.

It is unlawful under U.S. law to publish certain types of ads if they indicate a preference based on race, religion, sex or certain classifications.

Facebook, the world’s largest social network with 2.1 billion users and $36 billion in annual revenue, has been on the defensive for its advertising practices.

In September, it disclosed the existence of Russia-linked ads that ran during the 2016 U.S. election campaign. The same month it turned off a tool, also reported by ProPublica, that had inadvertently let advertisers target based on people’s self-reported jobs, even if the job was “Jew hater.”

Sandberg said in the letter that advertisers who use Facebook’s targeting options to include certain races for ads about housing, employment or credit will have to certify to Facebook that they are complying with Facebook’s anti-discrimination policy and with applicable law.

Sandberg defended race- and culture-based marketing in general, saying it was a common and legitimate practice in the ad industry to try to reach specific communities.

U.S. Representative Robin Kelly of Illinois, a member of the Congressional Black Caucus, said Facebook’s action was appropriate.

“When I first raised this issue with Facebook, I was disappointed,” Kelly, a Democrat, said in a statement. “When it became necessary to raise the issue again, I was irritated. Thankfully, we’ve been able to establish a constructive pipeline of communication that’s resulted in a positive step forward.”

Cloud Clothing Packs Computing Power Under Your Shirt

For individuals, storing information in the cloud means it can be available to them anywhere they have a connection to the internet. It can be cheap, and it can be useful, but because all that data is going back and forth, it’s not quite as secure as storing everything on your phone or home computer. But what if you could wear your information? That’s the idea behind some National Science Foundation-supported research into cloud clothing. VOA’s Kevin Enochs reports.

Russian Network RT Loses US Capitol Hill Credentials

Broadcast reporters for Russian state-funded TV channel RT will no longer be able to report daily from the U.S. Capitol.

A committee that governs Capitol Hill access for broadcast journalists has withdrawn credentials for RT after the company complied earlier this month with a U.S. demand that it register under the Foreign Agents Registration Act. The law applies to people or companies disseminating information in the U.S. on behalf of foreign governments, political parties and other “foreign principals.”

The action also comes just days after Russian President Vladimir Putin has signed legislation allowing Russia to register international media outlets as foreign agents, an act seen as the Kremlin’s retaliation for the Trump administration decision on RT. The new rules require disclosures to the Russian government and are seen as stigmatizing the news outlets as promoters of American propaganda.

 

In Washington, C-SPAN’s Craig Caplan informed RT that its credentials were being withdrawn after a unanimous vote of the executive committee of the Congressional Radio and Television Correspondents’ Galleries.

Caplan, the chairman of that committee, wrote that gallery rules “state clearly that news credentials may not be issued to any applicant employed by ‘any foreign government or representative thereof.’ ” He said the FARA registration made the network ineligible to hold news credentials, and their withdrawal is effective immediately.

Many news outlets with ties to foreign governments are required to similarly register. English-language newspaper China Daily is registered due to its affiliation with the Chinese government, for example. But the pressure on RT has angered Russian officials, who have said they will retaliate with restrictions on U.S. news outlets.

The letter was sent to Mikhail Solodovnikov of RT’s U.S.-based production company, T & R Productions. RT did not immediately respond to a request for comment.

U.S. intelligence agencies have alleged RT served as a propaganda outlet for the Kremlin as part of a multi-pronged effort to interfere in the 2016 U.S. presidential election. Russia denies interfering.

 

Undocumented Youths Wait on Government Funding Battle in Congress

The future of almost 800,000 undocumented young people in the United States is hanging in the balance in an end-of-year legislative pileup on Capitol Hill that could result in the shutdown of the federal government.

The government will run out of money December 8 unless Congress approves a new budget or budget extension. While the focus this week has been largely on the Senate’s approval of its tax cut bill, the budget bill could have greater short-term ramifications. The Republican-dominated Senate cannot pass it alone; Democratic votes will be needed.

But both houses of Congress will have to vote on a spending measure before it can go into effect.

And underlying all the discussions of spending priorities is finding a permanent solution for the Deferred Action for Childhood Arrivals (DACA) program, which gave temporary protection from deportation, and permission to legally work, to undocumented young people brought to the U.S. as children.

Trump calls for legislation

President Donald Trump rescinded the Obama administration measure earlier this year, calling on Congress to pass legislation that would provide DACA recipients with a path to permanent status in the U.S. before the program phases out in March 2018.

Democrats initially pushed for stand-alone legislation to address the problem, but given the country’s contentious immigration debate, they have instead tried to tie DACA legislation to the spending bill.

Some Democrats have vowed to vote against any budget bill that does not include a DACA fix, threatening a government shutdown when the funding runs out.

But House Speaker Paul Ryan of Wisconsin has said the fix to the DACA program should “be considered on its own merits” and not as part of a larger spending bill.

Action stalled

Moves toward any bipartisan agreement stalled before a planned meeting Tuesday when Trump tweeted that he “didn’t see a deal” with Senate and House Democratic leaders Chuck Schumer of New York and Nancy Pelosi of California, respectively.

Trump tweeted a claim that a deal was being held up, in part, because Schumer and Pelosi “want illegal immigrants flooding into our Country unchecked.”

House Democratic Minority Whip Steny Hoyer of Maryland responded to Trump’s tweet in a background briefing with reporters Tuesday morning, saying, “That is absolutely false. That has nothing to do with reality — he is pandering to his angry base. DACA kids are here. They’re not flooding across the border. They’re here.”

Hoyer reiterated a Democratic claim that if brought up for a floor vote, DACA legislation would pass by 300 votes.

Schumer and Pelosi responded by withdrawing from the meeting with Trump, asking to work instead with Senate and House Republican leaders Mitch McConnell of Kentucky and Ryan, respectively. The White House meeting continued with all Republicans present and no Democrats.

On the face of it, the March 2018 deadline for the program gives lawmakers room to maneuver if Congress were to pass a short-term spending bill and kick DACA down the road. The budget could be extended to Christmas to give Democrats and Republicans more room to work on a compromise.

But some DACA recipients have already lost their status.

Renewal failures

The Department of Homeland Security said in October that about 22,000 DACA recipients had failed to renew their two-year permits before an October 5 deadline. That number may come down after a review of renewal applications that may have been lost in the mail.

And while support for DACA is bipartisan, it may not be enough. Both parties are reluctant to risk the political blowback that would occur if either side appears responsible for a government shutdown.

Poll: Nearly Half of Americans Oppose Republican Tax Bill

Opposition has grown among Americans to a Republican tax plan before the U.S. Congress, with 49 percent of people who were aware of the measure saying they opposed it, up from 41 percent in October, according to a Reuters/Ipsos poll released on Wednesday.

Congressional Republicans are trying to rush their tax legislation to a vote on the Senate floor before the end of the week. President Donald Trump strongly backs the bill and wants to sign it into law before the end of the year.

In addition to the 49 percent who said they opposed the Republican tax bill, 29 percent said they supported it and 22 percent said they “don’t know,” according to the Reuters/Ipsos opinion poll of 1,257 adults conducted from Thursday to Monday.

When asked “who stands to benefit most” from the plan, more than half of all American adults surveyed selected either the wealthy or large U.S. corporations. Fourteen percent chose “all Americans,” 6 percent picked the middle class and 2 percent chose lower-income Americans.

The tax bill being crafted in the Senate would slash the corporate tax rate, eliminate some taxes paid only by rich Americans and offer a mixed bag or temporary tax cuts for other individuals and families.

As congressional discussion on the bill has unfolded, public opposition to it has risen, on average, following Trump’s unveiling of a nine-page “framework” on September 27 that started the debate in earnest, Reuters/Ipsos polling showed.

On October 24, for example, among adults who said they had heard of the “tax reform plan recently proposed by congressional Republicans,” 41 percent said they opposed it, while 31 percent said they “don’t know” and just 28 percent said they supported it.

Trump and his fellow Republicans are determined to make a tax code overhaul their first major legislative win since taking control of the White House and Congress in January.

The House of Representatives on November 16 approved its own tax bill. The Senate is expected to decide on Wednesday whether to begin debating its proposal, as the measure moves toward a decisive floor vote later this week.

The two chambers would need to reconcile differences between their plans before legislation could be sent to the White House for Trump’s signature.

In the November 23-27 poll, 59 percent of Republicans supported the tax bill, 26 percent said they did not know and 15 percent opposed it. Among Democrats, 82 percent opposed it, 11 percent said they did not know and 8 percent supported it.

 

Snapchat Seeks to Attract More Users by Redesigning App

Snapchat is separating what friends share and what media organizations publish in an attempt to appeal to a broader range of users.

The photo messaging app has not been gaining enough users, especially beyond its core of younger people. Parent company Snap Inc.’s stock is down sharply since its initial public offering earlier this year.

Users will now see two separate feeds — one from friends and one from publishers and non-friend accounts they follow. Before, Snapchat was mixing those posts, much the way Twitter, Facebook and other rivals continue to do. Snap hinted at changes three weeks ago, but didn’t provide details then.

CEO Evan Spiegel took a jab at rivals, writing that social media “fueled ‘fake news’” because of this content mixing.

 

US Supreme Court Considers Limits on Government in Key Privacy Case

The U.S. Supreme Court signaled Wednesday it may be open to new limits on the government’s ability to track someone’s movements by accessing data on that person’s cellphone.

A case before the high court could result in a landmark decision in the ongoing debate over civil liberties protections in an era of rapid technological change.

At issue is whether law enforcement will be able to access cellphone data that can reveal a person’s whereabouts without having to first obtain a court-issued search warrant.

The case stems from the conviction of Timothy Carpenter for a series of robberies back in 2010 and 2011. Prosecutors were able to obtain cellphone records that indicated his location over a period of months, information that proved crucial to his conviction.

Get a warrant

On Wednesday, lawyers for the American Civil Liberties Union argued that law enforcement should be required to obtain a court-ordered search warrant before obtaining such information.

They also argued that allowing law enforcement to access the cellphone data without a warrant would violate the prohibition on unreasonable search and seizures contained in the Fourth Amendment to the U.S. Constitution.

“It is impossible to go about our daily lives without leaving a trail of digital breadcrumbs that reveal where we have been over time, what we have done, who we spent time with,” said ACLU attorney Nathan Freed Wessler, who spoke to reporters outside the Supreme Court following oral arguments. “It is time for the court, we think, to update Fourth Amendment doctrine to provide reasonable protections today.”

Some of the justices also raised concerns about privacy in the digital age.

“Most Americans, I think, still want to avoid Big Brother,” Justice Sonia Sotomayor, who often sides with the liberal wing of the court, said.

Chief Justice John Roberts, who often sides with conservatives on the court, said the central question was whether the cellphone information should be accessible to the government “without a warrant.”

Privacy versus security

Justice Department lawyers defended the process of obtaining the data without a court warrant, arguing that even though the technology has changed, the need to rapidly obtain such information for law enforcement has not. The government also argued that privacy rights are not at issue because law enforcement agencies can obtain information from telecommunications companies that record transactions with their customers.

Justices Samuel Alito and Anthony Kennedy indicated they were open to the government’s position in the case.

Legal experts say whichever way the court eventually rules could have an enormous impact on privacy rights in the digital age.

“I don’t think that this is a world that anybody anticipated a couple of decades ago,” Stanford University law professor David Alan Sklansky said via Skype. “These new data capabilities are rapidly increasing the things that government can do for good and for evil. And figuring out how we allow the government to make full use of these new capabilities, without endangering political liberties and endangering the privacy that is necessary for us to have the kind of flourishing democratic social life we want, is a huge ongoing challenge.”

Sklansky added that the United States “has historically been a leader in thinking about privacy rights, particularly with regard to privacy from the government.”

And he predicted that other countries will be closely following the high court case as they wrestle with similar conflicts. “This is a global problem. Countries around the world are trying to figure out how to deal with it. I think that people in all democratic countries should care about how the United States winds up resolving this question,” he said.

Past rulings

Twice in recent years the Supreme Court has ruled in major cases related to privacy and technology and both times ruled against law enforcement.

The court ruled in 2012 that a warrant is required to place a GPS tracking device on a vehicle. And in 2014, the high court ruled that a warrant is required to search a cellphone seized during an arrest.

A decision in the current case, known as Carpenter v. U.S., is expected sometime before the end of June.

Things You Might Not Know About Bubbly Bitcoin

Bitcoin blasted past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular

fashion.

Here are some facts that you might not know about the largest and best-known cryptocurrency.

HOW MANY ARE THERE?

Bitcoin’s supply is limited to 21 million — a number that is expected to be reached around the year 2140. So far, around 16.7 million bitcoins have been released into the system, with 12.5 new ones released roughly every 10 minutes via a process called “mining,” in which a global network of computers competes to solve complex algorithms in reward for the new bitcoins.

ENERGY DRAIN

These mining computers require a vast amount of energy to run. A recent estimate by tech news site Motherboard put the energy cost of a single bitcoin transaction at 215 kilowatt-hours, assuming that there are around 300,000 bitcoin transactions per day. That’s almost enough energy as the average American household consumes in a whole week.

BITS OF BITCOIN

Bitcoin’s smallest unit is a Satoshi, named after the elusive creator of the cryptocurrency, Satoshi Nakamoto. One Satoshi is one hundred-millionth of a bitcoin, making it worth around $0.0001 at current exchange rates.

BITCOIN BILLIONAIRES

Bitcoin has performed better than every central-bank-issued currency in every year since 2011 except for 2014, when it performed worse than any traditional currency. So far in 2017, it is up around 1000 percent. If you had bought $1,000 of bitcoin at the start of 2013 and had never sold any of it, you

would now be sitting on $80 million. Many people consider bitcoin to be more of a speculative instrument than a currency, because of its volatility, increasingly high transaction fees, and the fact that relatively few merchants accept it.

EXCHANGE HEISTS

More than 980,000 bitcoins have been stolen from exchanges, either by hackers or insiders. That’s a total of more than $10 billion at current exchange rates. Few have been recovered.

MYSTERY CREATOR

Despite many attempts to find the creator of bitcoin, and a number of claims, we still do not know who Satoshi Nakamoto is, or was. Australian computer scientist and entrepreneur Craig Wright convinced some prominent members of the bitcoin community that he was Nakamoto in May 2016, but he then refused to provide the evidence that most of the community said was necessary. It is not clear whether Satoshi Nakamoto, assumed to be a pseudonym, was a name used by a group of developers or by one individual. Nor is it clear that Nakamoto is still alive — the late computer scientist Hal Finney’s name is sometimes put forward. Developer Nick Szabo has denied claims that he is Nakamoto, as has tech entrepreneur Elon Musk more recently.

INFLATED CHINESE TRADING

Until earlier this year, it was thought that Chinese exchanges accounted for around 90 percent of trading volume. But it has become clear that some exchanges inflated their volumes through so-called wash trades, repeatedly trading nominal amounts of bitcoin back and forth between accounts. Since the Chinese authorities imposed transaction fees, Chinese trading volumes have fallen sharply, and now represent less than 20 percent, according to data from website Bitcoinity.

“MARKET CAP”

The total value of all bitcoins released into the system so far has now reached as high as $190 billion. That makes its total value — sometimes dubbed its “market cap” — greater than that of Disney, and bigger than the market cap of BlackRock and Goldman Sachs combined.

CRYPTO-RIVALS

Bitcoin is far from the only cryptocurrency. There are now well over 1,000 rivals, according to trade website Coinmarketcap. 

“SHORTING”

It is already possible to short bitcoin on a number of retail platforms and exchanges, via contracts for difference (CFDs), leveraged-up margin trading or by borrowing bitcoin from exchanges without leverage. But a number of big financial institutions — including CME Group, CBOE and Nasdaq — have

recently announced that they will offer bitcoin futures, which will open up the possibility of shorting the cryptocurrency to the mainstream professional investment universe.

Reporting by Jemima Kelly.

Who is Irwin Steven Goldstein?

Irwin Steven Goldstein, President Donald Trump’s nominee for under secretary of state for public diplomacy and public affairs, is a communications and marketing executive with experience at large corporations as well as in government.

Goldstein is the senior vice president of BP Global Solutions, a New York consulting firm.

According to the bio on his company’s website, Goldstein “has a passion for building compelling brands and developing and executing communications strategies that connect diverse audiences.”

In a written statement to the Senate Foreign Relations Committee after his nomination, Goldstein wrote, “Those who seek to undermine America do so by spreading misinformation about our people and our objectives. We can fight these efforts by inspiring the world with our shared humanity and our great compassion.”

Moira Whelan, who served as the deputy assistant secretary for digital strategy at the State Department during the Obama administration, said Goldstein would be a potential lead in the fight to combat Russia’s dissemination of false information about the United States.

In an article last month in Foreign Policy magazine she wrote: “In September, U.S. President Donald Trump announced his intention to nominate Irwin Steven Goldstein as under secretary for public diplomacy at the State Department. He would be a key player in the effort to push back against Russian disinformation efforts around the world and in the United States.”

Goldstein’s qualifications do match those of his predecessors — former White House senior adviser Karen Hughes during George W. Bush’s administration and the former Time editor Richard Stengel during Obama’s.

His experience includes seven years as executive vice president and chief communications officer for TIAA, a Fortune 100 financial services firm providing retirement security to individuals in the not-for-profit sector.

Goldstein served as vice president and chief communications officer for Dow Jones/The Wall Street Journal during the period following the terrorist attacks of September 11, 2001. In the administration of President George H.W. Bush, he was an assistant to the secretary and the director of public affairs at the U.S. Department of the Interior. He previously was a press secretary and chief of staff on Capitol Hill.

As senior vice president of BP Global Solutions, he advises start-up technology ventures in the transportation and health care spaces.

US Ethanol Makers, Looking to Reduce Biofuel Glut, Call on Mexico, India

U.S. ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers.

Without new markets, U.S. producers may have to pare output after spending hundreds of millions of dollars on biofuel production plants in recent years. Currently, the most promising potential destinations for U.S. fuel exports appear to be Mexico and India, industry executives said.

China and Brazil accounted for 41 percent of the 1.17 billion gallons the United States exported last year. Shipments to the two shriveled in September, making U.S. exports for that month the smallest in more than a year.

“There are only so many times you can replace your top market,” said Tom Sleight, president of the U.S. Grains Council, which officials said has been calling on potential buyers in Kenya, Ghana and Nigeria.

China’s demand plummeted by more than 100 million gallons this year after it removed a preferential tariff rate. Brazil’s imports tumbled after it put a quota on imports in September to protect its domestic producers.

Selling points

To drum up new customers, Illinois-based ethanol producer Marquis Energy has sent executives to India, China, Thailand and the Philippines, promoting the corn-based fuel additive as a smog- and oil-import fighter.

“I’ve had a lot of people over there almost nonstop over the last three months,” the company’s chief executive, Mark Marquis, said of the hunt for buyers in Asia. Archer Daniels Midland Co and Flint Hills Resources also have stepped up efforts to sell into Mexico, traders said.

U.S. ethanol prices have slid to nearly a two-year low as daily domestic production last week hit a record 45.1 million gallons, making the search for new export markets more urgent.

Output this year could reach about 16 billion gallons, nearly triple that of 2007.

U.S. exports fell since hitting 2.5 million gallons per day in the first eight months this year. Shipments to Brazil sank to 19 million gallons in September, the smallest monthly volume in more than a year. Exports to China through September were just 60,880 gallons, a precipitous drop from 198 million gallons a year earlier, according to U.S. Department of Agriculture data.

The marketing effort could pay off in Mexico, whose energy regulatory commission (CRE) is to vote soon to ease the flow of fuel imports through state-run Pemex facilities to several Mexican states bordering the United States.

If approved, significant new volumes of gasoline blended with 10 percent ethanol could begin flowing in 2018 into Chihuahua, Coahuila, Nuevo Leon and Tamaulipas states, CRE Commissioner Luis Guillermo Pineda told Reuters.

“The largest supplier is logically the United States, but it can be from anywhere,” Pineda said of the ethanol blend.

Import prediction

Ray Young, ADM’s finance chief, last month told analysts Mexico could be importing 200 million gallons annually by 2019.

U.S. ethanol exports to Mexico last year totaled about 30 million gallons.

U.S. inventories reached 920 million gallons in the week ended November 17, up 16 percent from a year earlier, the U.S. Energy Information Administration said. Ethanol futures have fallen to $1.36 per gallon on the Chicago Board of Trade, down 20 percent from their 2017 high in April.

U.S. producers are pitching China and India on ethanol’s smog-fighting potential. This month, United Airlines canceled flights to India’s capital, New Delhi, citing heavy smog as a public health emergency. China ordered Beijing and more than two dozen other cities to start meeting limits on airborne pollution starting this month.

Ted McKinney, a USDA official interviewed during a biofuel-promotion trip to India, expressed optimism that country could import much more U.S. ethanol for cars and trucks. But others were not so sure.

India’s government wants to promote biofuel production using its own agricultural waste, said Jai Asundi, research coordinator at a Bengaluru-based think tank, the Center for Study of Science, Technology and Policy.

“There is a potential for producing ethanol from locally available sources without depending on imports,” Asundi said.

Trump Administration Permits ENI to Drill for Oil Off Alaska

Eni US could begin work on oil exploration in federal waters off Alaska as soon as next month after the Trump administration on Tuesday approved permits for leases the company has held for a decade, the Interior Department said.

The department’s Bureau of Safety and Environmental Enforcement, issued Eni US, a unit of Italy’s Eni, a permit to explore for oil from an artificial island in the Beaufort Sea. Eni is the first company allowed to explore for oil in federal waters off Alaska since 2015.

The approval is part of the Trump administration’s policy to maximize output of fossil fuels for domestic use and for exporting.

Scott Angelle, the BSEE director, said developing Arctic resources responsibly is a “critical component to achieving American energy dominance.”

Environmentalists say exploring for oil in the Arctic is dangerous.

“The Trump administration is risking a major oil spill by letting this foreign corporation drill in the unforgiving waters off Alaska,” said Kristen Monsell, the legal director for oceans at the Center for Biological Diversity nonprofit group.

Eni wants to drill into the Beaufort from the island using extended wells more than 6 miles (10 km) long. Eni US did not immediately respond to a request for comment about when it would start drilling.

In April President Donald Trump signed a so-called America-First Offshore Energy Strategy executive order to extend offshore drilling to areas in the Arctic and other places that have been off limits.

Eni’s leases, which were set to expire by the end of the year, were outside of an area protected by former President Barack Obama weeks before he left office. The company’s plan to move ahead with risky and expensive drilling in the Arctic comes despite years of low oil prices and plentiful sources of crude in the continental United States.

Royal Dutch Shell Plc quit its exploration quest offshore of Alaska in 2015 after a ship it had leased suffered a gash in mostly uncharted waters and environmentalists discovered an existing law that limited the company’s ability to drill.

Republicans are eager to drill elsewhere in Alaska. A tax bill passed by the Senate budget committee Tuesday contained a provision to open drilling in a portion of Alaska’s Arctic National Wildlife Refuge. Conservationists say the refuge is one of the planet’s last paradises.

The bill, which Republicans hope to pass in the full Senate this week, faces an uncertain future.

Venezuela’s Maduro Swears In Military ‘Man of the People’ to Lead PDVSA

Venezuelan leftist President Nicolas Maduro on Tuesday evening held a ceremony to swear in a military officer as the new head of state oil company PDVSA in the presence of the military’s top brass and cheering red-shirted oil workers.

In a surprise move, the unpopular Maduro on Sunday tapped Major General Manuel Quevedo to lead both PDVSA and the Oil Ministry, giving the already powerful military control of the OPEC nation’s dominant industry.

“He’s a man of the people … and, most importantly, he’s honest!” said Maduro, as workers cheered and chanted that they wanted a “clean up in PDVSA!” after a series of corruption scandals.

Maduro also announced he was naming Ysmel Serrano, the head of the trade and supply division, as vice president of PDVSA, which oversees the world’s largest crude reserves. Maduro said he would seek to name the country’s former energy minister, Ali Rodriguez, as “honorary president” of PDVSA.

More military officers are set to be named to senior management posts as part of a shakeup the government says is aimed at fighting corruption, two company sources told Reuters on Monday.

Sources in the sector also said Quevedo’s appointment could quicken a white-collar exodus from PDVSA and worsen operational problems at a time when production has already tumbled to near 30-year lows of under 2 million barrels per day.

 

Facebook Reports Progress in Removing Extremist Content

Facebook said on Wednesday that it was removing 99 percent of content related to militant groups Islamic State and al-Qaida before being told of it, as it prepared for a meeting with European authorities on tackling extremist content online.

Eighty-three percent of “terror content” is removed within one hour of being uploaded, Monika Bickert, head of global policy management, and Brian Fishman, head of counterterrorism policy at Facebook, wrote in a blog post.

The world’s largest social media network, with 2.1 billion users, has faced pressure both in the United States and Europe to tackle extremist content on its platform more effectively.

In June, Facebook said it had ramped up use of artificial intelligence, such as image matching and language understanding, to identify and remove content quickly.

“It is still early, but the results are promising, and we are hopeful that AI (artificial intelligence) will become a more important tool in the arsenal of protection and safety on the internet and on Facebook,” Bickert and Fishman wrote.

“Today, 99 percent of the ISIS and al Qaeda-related terror content we remove from Facebook is content we detect before anyone in our community has flagged it to us, and in some cases, before it goes live on the site.”

ISIS is an acronym for Islamic State.

The blog post comes a week before Facebook and other social media companies such as Alphabet’s Google and Twitter meet with European Union governments and the EU executive to discuss how to remove extremist content and hate speech online.

“Deploying AI for counterterrorism is not as simple as flipping a switch. … A system designed to find content from one terrorist group may not work for another because of language and stylistic differences in their propaganda,” Facebook said.

The European Commission in September told social media firms to find ways to remove the content faster, including through automatic detection technologies, or face possible legislation forcing them to do so.

FCC’s Pai, Addressing Net Neutrality Rules, Calls Twitter Biased

The chairman of the Federal Communications Commission, Ajit Pai, accused social media company Twitter of being politically biased  Tuesday as he defended his plan to roll back rules intended to ensure a free and open internet.

Pai, a Republican named by President Donald Trump to head up the FCC, unveiled plans last week to scrap the 2015 landmark net neutrality rules, moving to give broadband service providers sweeping power over what content consumers can access.

“When it comes to an open internet, Twitter is part of the problem,” Pai said. “The company has a viewpoint and uses that viewpoint to discriminate.”

He pointed to Twitter’s refusal to let Representative Marsha Blackburn, a Tennessee Republican, advertise a campaign video with an anti-abortion message.

“To say the least, the company appears to have a double standard when it comes to suspending or de-verifying conservative users’ accounts as opposed to those of liberal users,” Pai said.

A spokesperson for Twitter said that at no time was Blackburn’s video censored and that her followers would have been able to still see it.

“Because advertisements are served to users who do not necessarily follow an account, we therefore have higher standards for their content,” the Twitter spokesperson said.

Twitter in October declined a campaign video advertisement by Blackburn, who announced she was running for the U.S. Senate, saying that a remark by Blackburn about opposing abortion was inflammatory. Twitter later reversed its decision.

Internet-based firms’ letter

Pai’s criticism came a day after Twitter and a number of other internet-based companies — including AirBnb, Reddit, Shutterstock, Tumblr and Etsy — sent a letter urging the FCC to maintain the net neutrality rules.

Trump is a prolific user of Twitter, often posting his thoughts on the news of the day. He used Twitter throughout his presidential campaign to circumvent traditional media and talk directly to voters.

Pai has also been a frequent user of the website — acknowledging during the speech, “I love Twitter” — to push his case in favor of the rule changes. On Tuesday afternoon, he even posted a link to his remarks critical of Twitter on his own Twitter account.

Following Pai’s remarks on Tuesday, at an event organized by the libertarian-leaning R Street Institute, two other FCC commissioners said they would support his proposal when they vote on December 14.

Big internet service providers such as AT&T, Comcast and Verizon Communications have favored a repeal of net neutrality. On the other side, websites such as Facebook and Alphabet’s Google have favored the rules.

The rules prohibit broadband providers from giving or selling access to speedy internet, essentially a “fast lane,” to certain internet services over others.

“So when you get past the wild accusations, fearmongering and hysteria, here’s the boring bottom line,” Pai said. “The plan to restore internet freedom would return us to the light touch, market-based approach under which the internet thrived.”

Judge Rules in Trump’s Favor on Consumer Agency Leadership

A U.S. District Court judge in Washington ruled Tuesday in favor of President Donald Trump in his bid to install White House Budget Director Mick Mulvaney as acting director of the Consumer Financial Protection Bureau (CFPB).

Judge Timothy Kelly declined to stop, on an emergency basis, the president from making Mulvaney the acting director of the CFPB.

 

In doing so, Kelly ruled against Leandra English, the CFPB’s deputy director. English had requested an emergency restraining order to stop Mulvaney from becoming acting director, claiming the position was rightfully hers.

President Donald Trump celebrated the ruling on Twitter, calling it, “A big win for the Consumer!”

English’s lawyer, Deepak Gupta, said they are evaluating their legal options and deciding “how to proceed next.”

Mulvaney is a former small-business owner and congressman who once called the agency a “sick, sad” joke that should be abolished.

“This agency will stay open. Rumors that I’m going to set the place on fire or blow it up or lock the doors are completely false,” he told reporters on Monday. “I am a member of the executive branch of government. We intend to execute the laws of the United States.”

The battle over the Consumer Financial Protection Bureau boiled over last week.

Former Director Richard Cordray, criticized by conservative Republicans and business interests in Washington, abruptly resigned and named English, his chief of staff, as deputy director, meaning she would be his successor.

Trump countered by appointing Mulvaney, who opposes government regulations on business as much as Cordray believes they are essential.

2011 law cited

English had argued that the law that created the agency in 2011 clearly spelled out that she should be acting director. Her lawsuit against Mulvaney asked the court to deny the Trump administration’s claim that another law gave the president the power to name an acting director.

The White House and bureau lawyers, in turn, said there were precedents showing that Trump was authorized to fill temporary vacancies in federal agencies even when another law of succession might be on the books.

The Consumer Financial Protection Bureau was founded after the global financial crisis of 2008. Its job is to protect consumers against predatory lending and and other questionable practices by banks, credit card companies, lenders and debt collectors.

Republicans, including Mulvaney, have said the agency has too much power and loads down banks with too much bureaucracy.

Airbus, Rolls-Royce, Siemens Developing Hybrid Plane

Airbus, Siemens and Rolls-Royce are teaming up to develop a hybrid passenger plane that would use a single electric turbofan along with three conventional jet engines running on aviation fuel.

The plane is an effort to develop and demonstrate technology that in the future could help limit emissions of carbon dioxide from aviation and reduce reliance on fossil fuels.

The three companies said Tuesday they aim to build a flying version of the E-Fan X technology demonstrator plane by 2020.

The aircraft would be based on the existing BAe 146 four-engine regional jet. The hybrid version would generate electric power through a turbine within the plane. That power would be used to turn the fan blades of the single electric turbofan engine.

If the system works, a second electric motor could be added, the companies said.

The companies said European plane maker Airbus SE would be responsible for building the aircraft’s systems into a working whole, control systems and flight controls. Britain-based Rolls-Royce plc would make the generator and the turbo-shaft engine, while German engineering company Siemens AG would deliver the two-megawatt electric motor to power the engine. Rolls-Royce the aircraft engine maker is distinct from the luxury car brand owned by BMW AG.

The companies said they were looking ahead to the European Union’s long-term goals of reducing CO2 emissions from aviation by 60 percent, as well as meeting noise and pollution limits that they said “cannot be achieved with technologies existing today.” CO2 – carbon dioxide – is a greenhouse gas that scientists say contributes to global warming.

Other projects for hybrid or electric planes are in the works. Kirkland, Washington-based Zunum Aero says it is working on a 12-seat hybrid-electric commuter jet. The company’s website lists its partners as Boeing, jetBlue Technology Ventures, and the Department of Commerce Clean Energy Fund.

Trump Takes on Controversy-Laden Agenda on Capitol Hill

President Donald Trump’s year-end agenda is at a critical juncture as he heads Tuesday to Capitol Hill to rally Senate Republicans on taxes – and then pivot to negotiations with Democrats pressing for victories of their own in a separate, high-stakes showdown over the budget and immigration.

Trump is still seeking his first marquee win in Congress, but the White House and top GOP leaders have work to do to get their tax bill in shape before a hoped-for vote later this week. Party deficit hawks pressed for a “backstop” mechanism to limit the risk of a spiral in the deficit, even as defenders of small business pressed for more generous treatment for Main Street.

On a separate track from taxes is a multi-layered negotiation over a huge Pentagon budget increase sought by Trump and Republicans and increases for domestic programs demanded by Democrats. Democrats carry leverage into the talks, which have GOP conservatives on edge.

A temporary spending bill expires Dec. 8 and another is needed to prevent a government shutdown. Hurricane aid weighs in the balance and Democrats are pressing for legislative protections for immigrants known as “Dreamers,” even as conservative Republicans object to including the issue in the crush of year-end business.

Tuesday would bring Trump’s third visit to the Capitol in little more than a month – this time to make the sale to Senate Republicans on his signature tax bill. But among the holdouts are GOP Trump critics, including Sens. Jeff Flake of Arizona and Bob Corker of Tennessee – though GOP leaders are seeking to rope in straggling Republicans with a flurry of deal-cutting.

“There’s still some loose ends. We’re not quite there yet,” said Sen. Rob Portman, R-Ohio. “But I think we’re going to get there, I really do.”

Trump’s sessions with big groups of Republicans tend to take the form of pep rallies, and when visiting a Senate GOP lunch last month Trump spent much of the time on a rambling account of the accomplishments of his administration.

Later on Tuesday, the bipartisan top four leaders of Congress – Speaker Paul Ryan, R-Wis., and Minority Leader Nancy Pelosi, D-Calif., for the House and Senate Majority Leader Mitch McConnell, R-Ky., and Minority Leader Chuck Schumer, D-N.Y. – will head to the White House to touch gloves on a range of year-end issues.

Topping the bipartisan agenda is a heavily-sought year-end spending package to give both the Pentagon and domestic agencies relief from a budget freeze.

Trump hasn’t engaged much with Pelosi and Schumer since a September meeting that produced an agreement on a short-term increase in the government’s so-called debt limit and a temporary spending bill that is keeping the government’s doors open through Dec. 8.

Trump reveled in the bipartisan deal for a time and generated excitement among Democrats when he told then he would sign legislation to protect from deportation immigrants who were brought to the country illegally as children.

Trump in September reversed an executive order by former President Barack Obama that gave protections to these immigrants, many of whom have little or no connection to their home country. Shortly afterward, he told Pelosi and Schumer he would sign legislation protecting those immigrants, provided Democrats made concessions of their own on border security.

Since the president is such a wild card, neither Democrats nor Republicans were speculating much about what Tuesday’s meeting might produce.

“Hopefully, we can make progress on an agreement that covers those time-sensitive issues and keeps the government running and working for the American people,” Schumer said.

Artificial Muscles Give ‘Superpower’ to Robots

Inspired by the folding technique of origami, U.S. researchers said Monday they have crafted cheap, artificial muscles for robots that give them the power to lift up to 1,000 times their own weight.

The advance offers a leap forward in the field of soft robotics, which is fast replacing an older generation of robots that were jerky and rigid in their movements, researchers say.

“It’s like giving these robots superpowers,” said senior author Daniela Rus, professor of electrical engineering and computer science at the Massachusetts Institute of Technology (MIT).

The muscles, known as actuators, are built on a framework of metal coils or plastic sheets, and each muscle costs around $1 to make, said the report in the Proceedings of the National Academy of Sciences, a peer-reviewed U.S. journal.

Their origami inspiration derives from a zig-zag structure that some of the muscles employ, allowing them to contract and expand as commanded, using vacuum-powered air or water pressure.

“The skeleton can be a spring, an origami-like folded structure, or any solid structure with hinged or elastic voids,” said the report.

Possible uses include expandable space habitats on Mars, miniature surgical devices, wearable robotic exoskeletons, deep-sea exploration devices or even transformable architecture.

“Artificial muscle-like actuators are one of the most important grand challenges in all of engineering,” said co-author Rob Wood, professor of engineering and applied sciences at Harvard University.

“Now that we have created actuators with properties similar to natural muscle, we can imagine building almost any robot for almost any task.”

Researchers built dozens of muscles, using metal springs, packing foam or plastic in a range of shapes and sizes.

They created “muscles that can contract down to 10 percent of their original size, lift a delicate flower off the ground, and twist into a coil, all simply by sucking the air out of them,” said the report.

The artificial muscles “can generate about six times more force per unit area than mammalian skeletal muscle can, and are also incredibly lightweight,” it added.

A .09-ounce (2.6-gram) muscle can lift an object weighing 6.6 pounds (three kilograms) “which is the equivalent of a mallard duck lifting a car.”

According to co-author Daniel Vogt, research engineer at the Wyss Institute, the vacuum-based muscles “have a lower risk of rupture, failure, and damage, and they don’t expand when they’re operating, so you can integrate them into closer-fitting robots on the human body.”

The research was funded by the Defense Advanced Research Projects Agency (DARPA), the National Science Foundation and the Wyss Institute for Biologically Inspired Engineering.

Washington Post Says It Was Target of Failed Sting to Print Phony Roy Moore Story

The Washington Post says it was targeted by a conservative sting operation that tried to get it to print a dramatic but phony story about Republican Senate candidate Roy Moore and a pregnant teenager.

The Post broke the story about alleged sexual misconduct by Moore and his reported pursuit of teenage girls when he was in his 30s and an Alabama district attorney. Several woman gave similar accounts to the newspaper. Moore has denied the allegations and threatened to sue the newspaper.

The Post said late Monday a woman identifying herself as Jaime Phillips told a reporter that Moore impregnated her when she was 15 and forced her to have an abortion.

She told the reporter she wanted the Post to guarantee Moore would lose the election to the U.S. Senate if she told her story.

But the newspaper found numerous holes and inconsistencies in her account and her background and declined to publish her sordid tale.

Further investigation by The Post revealed that Phillips may have been working for Project Veritas — a New York organization that targets and tries to discredit mainstream media outlets and left-wing groups.

Project Veritas founder James O’Keefe declined to answer any questions from The Washington Post Monday, including questions whether Phillips worked for her.

Telephone calls to Phillips went unanswered, but she had denied working for any such group during a second meeting with Post reporters.

“We always honor ‘off-the-record’ agreements when they’re entered into in good faith,” Washington Post executive editor Martin Baron said.

“But this so-called ‘off-the-record’ conversation was the essence of a scheme to deceive and embarrass us. The intent by Project Veritas clearly was to publicize the conversation if we fell for the trap. Because of our customary journalistic rigor, we weren’t fooled and we can’t honor an ‘off-the-record’ agreement that was solicited in maliciously bad faith.”

There have been earlier attempts at debunking the charges leveled against Roy Moore as reported by The Post, including allegations the newspaper paid the women for telling it Moore sexually molested them as teens.

The Post says it never pays anyone for information.

Moore is running for the Alabama Senate seat formerly held by Attorney General Jeff Sessions. Polls in Alabama show him trailing his Democratic opponent Doug Jones.