Month: December 2018

In South Africa, HIV’s Patients Survive Disease But Are Weary of Its Toll

South Africa has the world’s largest antiretroviral therapy program with over 4 million people receiving treatment. But the ARV drug therapy, regarded by many as a panacea for HIV, is complicated and comes with its a number of side effects, both physical and mental. As VOA’s Zaheer Cassim explains from Johannesburg, perceptions of those side effects and the complex nature of the treatment has brought a new serious problem: many people just do not want to take the drugs anymore.

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California Researchers Working on Tomorrow’s Battery

Batteries have been around for hundreds of years, but don’t go thinking this technology is old hat (old fashioned). Batteries are the future. A team of California Scientists with support from the National Science Foundation are on the cutting edge of building a battery that lasts longer and holds more energy. VOA’s Kevin Enochs reports.

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US Treasury Chief Calls Top Bank CEOs Amid Market Plunge

U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.”

U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index on pace for its biggest percentage decline in December since the Great Depression.

“Today I convened individual calls with the CEOs of the nation’s six largest banks,” Treasury Secretary Steven Mnuchin said on Twitter shortly before financial markets were due to open in Asia.

U.S. equity index futures dropped late on Sunday as electronic trading resumed to kick off a holiday-shortened week.

In early trading, the benchmark S&P 500’s e-mini futures contract was off by about a quarter of a percent.

The Treasury said in a statement that Mnuchin talked with the chief executives of Bank of America, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.

“The CEOs confirmed that they have ample liquidity available for lending,” the Treasury said.

Mnuchin “also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly,” the Treasury said.

Mnuchin’s calls to the bankers came amid a partial government shutdown that began on Saturday following an impasse in Congress over Trump’s demand for more funds for a wall on the border with Mexico. Financing for about a quarter of federal government programs expired at midnight on Friday and the shutdown could continue to Jan. 3.

The Treasury said Mnuchin will convene a call on Monday with the president’s Working Group on Financial Markets, which includes Washington’s main stewards of the U.S. financial system and is sometimes referred to as the “Plunge Protection Team.”

The group, which was also convened in 2009 during the latter stage of the financial crisis, includes officials from the Federal Reserve as well as the Securities and Exchange Commission.

Wall Street is also closely following reports that Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell. Mnuchin said on Saturday Trump told him he had “never suggested firing” Powell.

Trump has criticized the U.S. central bank for raising interest rates this year, which could further dampen economic growth. The Fed’s independence is seen as a pillar of the U.S. financial system.

Mnuchin’s calls come as a range of asset classes have suffered steep losses.

In December alone, the S&P 500 is down nearly 12.5 percent, while the Nasdaq Composite has slumped 13.6 percent. The Nasdaq is now in a bear market, having declined nearly 22 percent from its record high in late August, and the S&P is not far off that level.

Corporate credit markets have been under duress as well, and measures of the investment grade corporate bond market are poised for their worst yearly performance since the 2008 financial crisis.

The high-yield bond market, where companies with the weakest credit profiles raise capital, has not seen a deal all month.

The last time that happened was in November 2008.

 

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Trump Aide: White House, Central Bank Tension not Unusual

A White House official says tension between a president and the interest-rate setting Federal Reserve is “traditional as part of our system.”

Acting chief of staff Mick Mulvaney says it should come as no surprise that President Donald Trump is unhappy the central bank, an independent agency, “is raising rates and we think driving down the value of the stock market.”

 

Speculation about the fate of Trump’s appointed Fed chairman, Jerome Powell, has swirled after Bloomberg News reported that Trump discussed firing Powell after this past week’s rate increase.

 

Treasury Secretary Steven Mnuchin tweeted Saturday that Trump has denied ever suggesting that and doesn’t believe he has the right to dismiss Powell.

 

Mulvaney also tells ABC’s “This Week” that the economy’s “fundamentals are still strong.”

 

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China Holds Second Vice Ministerial Call with US on Trade

China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the protection of intellectual property, the Chinese Ministry of Commerce said.

A statement posted on the ministry’s website on Sunday said the two countries “made new progress” on those issues, without specifying further.

It also said China and the United States discussed arrangements for the next call and mutual visits.

On Wednesday, the ministry said Beijing and Washington had held a vice ministerial-level telephone call about trade and economic issues, without providing other details.

The calls took place amid signs of a thaw in a trade dispute between the United States and China, the world’s two largest economies.

U.S. President Donald Trump and Chinese President Xi Jinping this month agreed to a truce that delayed the planned Jan. 1 U.S. increase of tariffs on $200 billion worth of Chinese goods while they negotiate a trade deal.

Chinese Commerce Ministry officials indicated earlier the two countries were in close contact over trade, and any U.S. trade delegation would be welcome to visit.

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Transitions of Power in Africa Bring Spark Hope, Worry

In 2018, sitting leaders relinquished power in South Africa and Ethiopia. Zimbabwe elected a new leader after 37 years of rule by former President Robert Mugabe. Peaceful power transitions were also seen in Liberia, Sierra Leone and Mali. But while many find those trends encouraging, the opposite is also true in countries where some of world’s longest serving leaders continue to hold power. VOA correspondent Mariama Diallo reports on the overall trends that are sparking both hope and worry.

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Renaissance Master Tintoretto’s 500th to Travel to US

A Venetian cloth dyer’s son, Tintoretto spent his entire career in Venice, becoming widely considered the last great painter of the Renaissance.

The lagoon city’s churches and palazzi essentially serve as a permanent retrospective of this native son’s formidable talents in using dramatic color, bold brushstrokes and daringly innovative perspective on often-enormous canvasses.

Still, curators here have encountered challenges when mounting tributes this year to mark the 500th anniversary of his birth.

Some of Tintoretto’s paintings couldn’t be included in the main exhibition, hosted at the landmark Palazzo Ducale (Doges’ Palace), because they couldn’t fit through its 16th-century stone doorways.

And several Venetian churches, where the painter did much of his best work, balked at loaning their masterpieces. Not surprisingly, they are eager for visitors making the Tintoretto pilgrimage to visit their venues and not just the stellar show, which, since opening in September, has drawn more than 100,000 visitors.

​On to Washington

After it closes here Jan. 6, the exhibition travels to the National Gallery of Art in Washington for a four-month run starting March 10. That will be the first Tintoretto retrospective outside of Europe.

When Venice last hosted a Tintoretto retrospective, in 1937, church paintings were cut out of their frames, rolled up and carted off to the exhibition. That method would be met with horror by today’s art world, especially since nearly a score of Tintoretto paintings were recently restored, thanks to the Save Venice organization.

“The churches generally felt, and we understood, it didn’t make sense to move his masterpieces across the city,” said Robert Echols, a Boston-based art historian who is one of the curators. Some of those church works will go to the U.S. exhibition, however.

Weeding out impostors

Some of Tintoretto’s greatest works can never travel, of course, and are being celebrated here.

In the Chapter House in the Scuola di San Rocco, admirers can lie on their backs to see Tintoretto’s work, which has been likened to the monumental achievement of Michelangelo in the Vatican’s Sistine Chapel. Thanks to new lighting and strategically placed mirrors, the Chapter House last month had its own renaissance of sorts. Now visitors can see details in what before had seemed like a gloomy, cavernous room.

Echols and co-curator Frederick Ilchman, chair of European art at the Museum of Fine Arts in Boston, devoted much of their art historian careers to weeding out paintings that had been dubiously attributed to Tintoretto, whittling down what had been a list of 468 works to just more than 300 paintings of his authorship.

“Tintoretto, to some extent, is a painter who was a victim of his own success,” Echols said.

Tintoretto, a pseudonym of Jacopo Rubusti, obtained so many commissions, particularly in his later years, that he farmed out some work, notably to his son, Domenico. While his genius was acknowledged in his own day, some works done by imitators or his workshop had been incorrectly attributed to Tintoretto in successive centuries.

Tintoretto cleverly maneuvered to snag commissions from nobles and churches during the heady years of the sea-going Most Serene Republic of Venice.

“The Shakespeare play is not the ‘Merchant of Florence,’ it’s the ‘Merchant of Venice,’” Ilchman noted, recounting how Tintoretto sometimes offered discounts to ensure commissions didn’t go to his rivals, which included Tiepolo, Titian and Veronese.

Scandalous at times

Tintoretto’s imaginative use of perspective and his dynamic, inventive interpretations of mythological and religious themes are on convincing display, including one that sparked scandal in his day. In “St. Louis, St. George and The Princess,” a dragon’s head emerges from between the legs of a woman and from under her billowing, burnt-orange gown.

In the “The Abduction of Helen,” the kidnapped woman, with a nipple poking out above her blouse, seems to be tumbling out of the frame toward the viewer.

Tintoretto had an impressive production of portraits. The exhibition displays many of his finest in a long, narrow hall, as if in a noble family’s own palazzo.

Riveting self-portraits — one of Tintoretto in his 20s on loan by the Philadelphia Museum of Art, and another of Tintoretto as an old man sent by the Louvre — open and close the retrospective.

The Venice show to honor Tintoretto’s birth anniversary began in 2018. The companion Washington show starts in 2019. The different years are fitting, for, while the year of his death, 1594, is undisputed, and his grave prominent in a Venice church decorated with some of his masterpieces, historians aren’t sure just when he was born. The artist’s birth year is often written as 1518/1519.

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Christmas Lights Bring In Holiday Spirit

During the Christmas season, nights are bright across the United States, as families, businesses and churches put up outdoor light decorations — a simple string of white lights along a roof edge, to elaborate displays with moving figures and music. VOA’s Deborah Block shows us a few of the beautiful light displays in the Washington area.

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Maryland Junkyard Business Breathes New Life Into Old Cars

A father-son business in Damascus, Maryland, is achieving success by restoring old, rusty cars into magnificent-looking vehicles. This is thanks to the work and inspiration of Bobby and Andy Cohen, who are featured in a multiseason television show “Junkyard Empire.” Maxim Moskalkov filed this report for VOA.

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A Small Device with a Big Impact for Blind and Visually Impaired

Some 1.3 billion people live with some form of vision impairment, according to the World Health Organization. A team of innovators at an Israeli technology company has developed a small device to help them. As Laura Sepulveda reports from Jerusalem, the device connects to regular glasses and helps people with visual limitations identify people and products, and read in more than 14 languages.

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Federal Shutdown Compounds Risks for US Economy 

Now in its 10th year, America’s economic expansion still looks sturdy. Yet the partial shutdown of the government that began Saturday has added another threat to a growing list of risks. 

 

The stock market’s persistent fall, growing chaos in the Trump administration, higher interest rates, a U.S.-China trade war and a global slowdown have combined to elevate the perils for the economy. 

 

Gregory Daco, chief U.S. economist at Oxford Economics, said he thinks the underlying fundamentals for growth remain strong and that the expansion will continue. But he cautioned that the falling stock market reflects multiple hazards that can feed on themselves. 

 

“What really matters is how people perceive these headwinds — and right now markets and investors perceive them as leading us into a recessionary environment,” Daco said. 

 

Many economic barometers still look encouraging. Unemployment is near a half-century low. Inflation is tame. Pay growth has picked up. Consumers boosted their spending this holiday season. Indeed, the latest figures indicate that the economy has been fundamentally healthy during the final month of 2018. 

 

Still, financial markets were rattled Thursday by President Donald Trump’s threat to shut down the government unless his border wall is funded as part of a measure to finance the government — a threat that became reality on Saturday. As tensions with the incoming Democratic House majority have reached a fever pitch, Trump warned Friday that he foresees a “very long” shutdown. 

 

The expanding picture of a dysfunctional Trump administration grew further with the surprise resignation of Defense Secretary James Mattis in protest of Trump’s abrupt decision to pull U.S. troops out of Syria — a move that drew expressions of alarm from many Republicans as well as Democrats. 

 

How markets and government officials respond to such risks could determine whether the second-longest U.S. expansion on record remains on course or succumbs eventually to a recession.

 

A closer look at the risks: 

 

Administration chaos 

 

It has been a tumultuous few days, even for a White House that has been defined by the president’s daily dramas. 

 

Trump faces an investigation into Russian interference in the 2016 elections that has led to indictments and criminal convictions of some of his closest confidants. He is coping with a wave of top staff defections, having lost both his chief of staff and defense secretary. He is in the process of installing a new attorney general. 

 

Then there is the partial government shutdown that Trump himself has pushed. 

 

The shutdown is unlikely to hurt economic growth very much, even if it lasts awhile, because 75 percent of the government is still being funded. S&P Global Ratings estimates that each week of the shutdown would shave a relatively minuscule $1.2 billion off the nation’s gross domestic product. 

 

Still, the problem is that the Trump administration appears disinclined to cooperate with the incoming House Democratic majority. So the federal support through deficit spending that boosted the economy this year will likely wane, Lewis Alexander, U.S. chief economist at Nomura, said in his 2019 outlook. 

 

That, in part, is why the economy is widely expected to weaken from its roughly 3 percent growth this year, which would be the strongest performance since 2005. 

 

Tumbling stocks

Stock investors have been trampled since October, with the Dow Jones industrial average sinking nearly 15 percent. The plunge followed a propulsive winning streak for the stock market that began in 2009. But investors are internalizing all the latest risks, including Trump’s trade war with China and higher borrowing rates, and how much they might depress corporate profits and the economy.  

“Markets people are forward-looking, so they’re taking into account the latest information,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics. 

 

Markets can often fall persistently without sending the economy into a tailspin. But O’Sullivan warned of a possible feedback loop in which tumbling stock prices would erode consumer and business confidence, which in turn could send stocks sinking further. At that point, the economy would likely worsen, the job market would weaken and many ordinary households would suffer. 

 

Trade war

For economists, this may pose the gravest threat to the economy. Trump has imposed tariffs against a huge swath of goods from China, which has retaliated with its own tariffs on U.S. products. These import taxes tend to dampen economic activity and diminish growth. 

 

“The trade war with China is now the biggest impediment to U.S. economic growth,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in his forecast for the first half of 2019. 

 

In part because of the taxes Trump imposed on Chinese imports, manufacturing growth appears to be slowing, with factory owners facing higher costs for raw materials. The president has held off on further escalating tariffs to see if an agreement, or at least a lasting truce, can be reached with China by March. 

 

Any damage from trade wars tends to worsen the longer the disputes continue. So even a tentative resolution in the first three months of 2019 could remove one threat to economic growth. 

 

Interest rate hikes 

 

The Federal Reserve has raised a key short-term rate four times this year and envisions two more increases in 2019. Stocks sold off Wednesday after Chairman Jerome Powell laid out the rationale. Powell’s explanation, in large part, was that the Fed could gradually raise borrowing costs and limit potential U.S. economic growth because of the job market’s strength. 

The Fed generally raises rates to keep growth in check and prevent annual inflation from rising much above 2 percent. But inflation has been running consistently below that target. 

 

If the central bank were to miscalculate and raise rates too high or too fast, it could trigger the very downturn that Fed officials have been trying to avoid. This has become a nagging fear for investors. 

 

Global slowdown 

 

The world economy is showing clear signs of a downshift, with many U.S. trading partners, especially in Europe and Asia, weakening or expected to expand at a slower speed. Their deflating growth can, in turn, weigh down the U.S. economy. 

 

Several other global risks abound. There is Britain’s turbulent exit from the European Union. Italy appears close to recession and is struggling to manage its debt. China, the world’s second-largest economy after the U.S., is trying to manage a slowdown in growth that is being complicated by its trade war with Trump. 

 

“Next year is likely to be challenging for both investors and policymakers,” Alexander, the Nomura economist, concluded in his outlook. 

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Spacex Halts Launch of US Military Satellite due to Winds

Elon Musk’s SpaceX scrapped Saturday’s launch of a long-delayed navigation satellite for the U.S. military due to strong upper-level winds.

The next launch attempt will be on Sunday at 8:51 a.m. EST/13:51 UTC, according to Space X officials.

The launch would have been the rocket firm’s first national security space mission for the United States.

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Trump Reportedly Discussed Firing Fed Chairman Powell

U.S. President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell, Bloomberg reported Saturday.

Citing four people familiar with the discussions, Bloomberg reported Trump has become more frustrated with Powell after months of stock market losses and the central bank’s interest rate hike on Wednesday.

Advisers reportedly have warned Trump that firing Powell would further roil financial markets, yet they said Trump has discussed the matter many times in the past few days.

The sources who spoke with Bloomberg on condition of anonymity were not convinced Trump would fire Powell, and were hopeful the president’s anger over the situation would subside over the holidays.The White House and the Federal Reserve have declined to comment.

A firing of Powell would come after weeks of heavy losses in the markets. On Friday, equities closed their worst week since 2011, with the S&P 500 Index plummeting more than 7 percent and the Nasdaq Composite Index plunging into a bear market.

Trump has been busy shaking up his administration since the November midterm elections. He has announced the departures of Attorney General Jeff Sessions, White House Chief of Staff John Kelly, Interior Secretary Ryan Zinke and Defense Secretary James Mattis.

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Native American Museum Hosts Artists From Across the Americas

When textile artist Porfirio Gutierrez works at his loom, or wanders through the picturesque mountains of Oaxaca, Mexico, he often thinks about his ancestors. And the ancient skills they have passed down through the generations.

Zapotec — the place of gods

Gutierrez is a descendant of the Zapotecs, an ancient civilization originating in southern Mexico. For centuries, the Zapotec people have created intricate, hand-woven textiles. It is a tradition that Gutierrez and his family are continuing, with what he calls “functional works of art,” inspired by the natural world.

“One of my memories as a child is walking up into the mountains above the hill to collect the plants that my parents needed for making their dyes, almost like a pilgrimage,” he recalled. “They would tell us about the respect that we need to have towards our Mother Earth, as well as where the plants are growing, what colors they give us and the best time to collect them.”

These were basic principles in understanding how to work in harmony with Mother Nature, Gutierrez explained.

Journey with the threads

Using the bounty of Mother Nature gives the family’s handicrafts a warm, soft look and feel. The vibrant earth tones and symbolic designs are representations of their ancient culture.

In the past, such textiles would be used primarily as blankets, Gutierrez said, but starting in the 1970s, they began to be used mostly for rugs and tapestries. “These are pieces that could be used as a centerpiece, or wall art, or as a rug,” he said, while holding up a colorful, woven rug.

Native Art market

Gutierrez was speaking from his booth at the Smithsonian’s National Museum of the American Indian in Washington, which recently hosted a two-day Native Art market. It offered visitors a rare opportunity to purchase traditional and contemporary artwork by some of the finest Native American artists from across the hemisphere.

Other crafts on display at the market included silver and semi-precious jewelry, ceramics, fine apparel, handwoven baskets, traditional beadwork, dolls, paintings and sculptures.

Like Gutierrez, many of the artists shared how they, too, were inspired by nature for their work.

Comanche/Blackfeet

Traditional artist Jhane Myers, for example, uses elk teeth and buffalo bone for some of her jewelry.

“Each elk has two ivory teeth, so I do these necklaces, and they have buffalo bone beads,” she said, pointing to a long necklace she was wearing made of the ivory-colored materials. “I try to use all the same items that we used as a traditional Native people 200 years ago,” she added.

And just like her Comanche/Blackfeet ancestors, Myers and members of her community try to use every part of the animal. “Like the Buffalo and the elk, we use everything, not just the teeth,” she said. “We also eat the meat and tan the hide.” She creates dresses made from elk hides, and pointed out that there are a multitude of other uses for the animals they harvest.

Jemez Pueblo

Visual artist Kathleen Wall breaks clay out of the earth around Jemez Pueblo in New Mexico, where she’s from, to make her signature dolls.

As she spoke from behind her booth at the art market, she was surrounded by dolls of varying sizes, each with their own serene face and individual paint job.

“This piece here, she is hand built from the bottom up and I use a coil technique,” she explained while cradling one of her dolls. After the coiling, which means arranging or winding something in a joined sequence of concentric circles or rings, she lets the clay dry, then scrapes and sands it and then uses a kiln for firing, she explained.

“Like so many Pueblo potters working today, I feel that I’m fulfilling my grandmother’s legacy, passing on the knowledge of Pueblo potter.”

Wall says she sculpts expressions of joy onto the faces of her Native clay figures, which is a reflection of the beauty of Native culture in and around her life.

Cherokee

Vivian Cottrell has been making baskets for 46 years, a skill inherited from her Cherokee ancestors.

“This is part of our culture, our heritage, our history. It makes us who we are,” she said.

She uses river cane to create her baskets, and natural plant materials to dye them. It takes her two days on average to boil the materials together in a large kettle, which gives her pieces a natural, earthy tone.

Spiritual connection

For the artists, being able to display their crafts at the Smithsonian’s National Museum of the American Indian — a place dedicated to Native American history and culture — was especially meaningful.

“This is really important for me to be in such a hallowed space,” Myers said. “It’s not only hallowed but it’s happy. And for me it’s so important to see my other fellow artists here because you have people from all different types of nations offering different types of art, so it’s like a family place; it’s almost like coming home.”

“I would say this is one of the most important institutions that aims to honor the traditional ways of arts, knowledge, wisdom, and promote it,” said Gutierrez. Like many artists, he fears that the time-honored traditions of their ancestors are in danger of disappearing.

“So I feel like I need to contribute to their preservation,” he said. “And the only way to preserve it is to actually employ these old ways of making the arts, and teaching younger members of the community about our ancient traditions.”

Gutierrez said he is also grateful for institutions like the Smithsonian for celebrating and honoring Native people, and for creating opportunities for them to promote their work.

The museum, a short distance from the U.S. Capitol, has been holding the annual market since 2006. Hayes Lavis, the museum’s cultural program specialist, says his hope is that visitors will take away from the experience of the art market “a realization of the contributions of native people to the Americas.”

“They were here first, they’ve always been here, they’ve gone through a lot of adversity and they are still thriving, strong, creative cultures,” he said.

The art represented in the market doesn’t just reflect the beauty and rich history of Native cultures, but the strength and resilience of the people themselves.

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Marine Wonderland Revealed in Pitch-Black Ocean off Australia

Scientists have discovered a colorful “underwater garden” at depths of up to 2 kilometers during a recent research voyage south of Tasmania in Australia.

The researchers used special cameras to probe 45 undersea mountains, finding more than 100 unnamed species of corals, lobsters and mollusks. The expedition also discovered bioluminescent squids, deep-water sharks and basketwork eels.

Experts spent a month onboard the research vessel Investigator, which is operated by the Commonwealth Scientific and Industrial Research Organization, or the CSIRO. It is an independent Australian government agency responsible for scientific research.

Scientists have been exploring the Tasmanian cluster of ridges known as seamounts in Australia’s Tasman Fracture and Huon marine parks.

The coral they found is soft, which means it is different from the coral in a tropical reef.

The expedition’s chief scientist is Alan Williams from the CSIRO.

“Quite amazingly at these kinds of depths there are coral reefs that in many ways look similar to the kinds of reefs you see in shallow tropical areas, and so what we were seeing on our screens delivered in real time from the cameras were just absolutely fantastic images of these extensive, delicate, colorful and very rich coral reef systems,” he said.

The research teams also saw images of the lasting damage inflicted on the ocean-floor by fishing crews. Trawl fishing was banned in the 1990s but much of the region’s coral is still to fully recover.

Experts say science knows more about the surface of the moon than it does about the deep sea. Despite their research south of Tasmania, they still do not understand why bright corals can survive in a pitch-black world far beneath the surface of the ocean.

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Native American Museum Hosts Artists From Across the Americas

The Smithsonian’s National Museum of the American Indian in Washington recently hosted a two-day art market offering visitors a chance to purchase artworks by some of the finest Native American artists from across the hemisphere. The hand-crafted items in traditional and contemporary styles included silver and semiprecious jewelry, ceramics, fine apparel, handwoven baskets, traditional beadwork, dolls, paintings and sculptures. VOA’s Julie Taboh spoke with a few of the artists about their work.

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Cirque de Soleil Presents a Circus on Ice

A combination of ice, snow, lights and exciting acrobatics are what characterize “Crystal,” Cirque du Soleil’s new show, which opened in Washington recently. Iacopo Luzi went behind the scenes of this unique display of acrobatics to learn the troupe’s secrets for putting on a show.

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Christmas Tree Farmers Urge Americans to Buy Real Trees

This time of year, all across the United States, empty lots are turned into miniature forests as live Christmas trees are displayed for sale. But The Christmas Tree Promotion Board worries that more Americans are opting for artificial trees as they become more realistic-looking. So Christmas tree farmers in the U.S. have launched a social media campaign to get Americans to buy real trees this season. Faith Lapidus reports.

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More Losses Leave US Markets With Worst Week in 7-Plus Years

After almost 10 years, Wall Street’s rally looks like it’s ending. 

Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26 percent from their highs this summer and fall. Barring huge gains during the upcoming holiday period, this will be the worst December for stocks since 1931. 

 

There hasn’t been one major shock that has sent stocks plunging. The U.S. economy has been growing since 2009, and most experts think it will keep expanding for now. But it’s likely to do so at a slower pace. 

 

As they look ahead, investors are finding more and more reasons to worry. The U.S. has been locked in a trade dispute with China for nine months. Economies in Europe and China are slowing. And rising interest rates in the U.S. could slow its economy even more. 

Dreadful month

 

Stocks are now headed for their single worst month since October 2008, when the market was being battered by the global financial crisis. 

 

December is generally the strongest time of the year for U.S. stocks. Traders often talk about a “Santa rally” that adds to the year’s gains as people adjust their portfolios in anticipation of the year to come.  

  

But not this year. 

 

No sector of the market has been spared. Large multinational companies join smaller domestic ones in their losses. And huge high-tech companies, once the best-performing stocks on the market, are now leading the way lower.  

  

Technology’s huge popularity during the recent boom years made it even more vulnerable as investors’ moods turn sour. Amazon, Facebook, Apple, Netflix and Google’s parent company, Alphabet, have seen their market values fall by hundreds of billions of dollars. 

 

“If you live by momentum, you die by momentum,” said Sam Stovall, chief investment strategist for CFRA. 

 

The Nasdaq composite, which contains a high concentration of tech stocks, has sunk almost 22 percent from its record high in late August. Several big technology companies, notably Facebook and Twitter, have also suffered as a result of scandals over matters such as data privacy and election meddling, and traders worry that the industry will face greater government regulation that could increase costs and affect their profits. 

 

The major U.S. indexes fell 7 percent this week and they’ve sunk more than 12 percent in December. 

Global slowdown

 

Investors around the world have grown increasingly pessimistic about the global economy’s prospects over the next few years. It’s widely expected to slow down, but traders are concerned the cooling might be worse than they previously believed.  

  

After a sharp early gain Friday, the S&P 500 index retreated 50.84 points, or 2.1 percent, to 2,416.58. The S&P 500, the benchmark for many index funds, has fallen 17.5 percent from its high in September. 

 

The Dow Jones industrial average sank 414.23 points, or 1.8 percent, to 22,445.37. The Nasdaq skidded 195.41 points, or 3 percent, to 6,332.99. The Russell 2000 index of smaller-company stocks lost 33.92 points, or 2.6 percent, to 1,292.09. 

 

European markets rose slightly and Asian markets were mixed.  

  

The price of oil has also fallen sharply in recent weeks, down 40 percent from the high it reached in October, amid concerns over a glut in the market and the slowing economy. 

 

On Friday the price of U.S. crude slipped 0.6 percent to $45.59 a barrel in New York. Brent crude, the standard for international oil prices, fell 1 percent to $53.82 a barrel in London. 

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Cambodia Investigates 3 Tons of African Ivory Abandoned at Port

Some three tons of African ivory sat in an unmarked crate in a Cambodian port for more than a year, until a tip from the U.S. embassy led authorities to break it open this week and discover the country’s largest-ever haul of trafficked ivory. 

Port laborers who recently gathered outside the facility told a reporter that no one had ever showed up to claim the valuable cargo. 

“There are 12 containers and one container consists of elephants tusks packed in sacks and some sacks loading rocks which look like marble,” said a laborer who witnessed the seizure at the Phnom Penh Autonomous Port Container Terminal on Thursday last week. 

He asked not to be named since he is afraid of being identified by port authorities. 

“I think they [authorities] wanted to know [who] the owner is, but perhaps the owner knew and didn’t appear,” added the laborer.

A smartphone photograph provided by the worker shows hundreds of elephant tusks, some cut in two, sitting on a cement floor near the containers. 

U.S. tips lead to seizure

Emily Zeeberg, the U.S. Embassy spokesperson, said American officials provided information to the Cambodian Customs and Excise Department that ultimately led to the search of a sealed container and to the seizure of 1,026 cut and whole pieces of ivory weighing approximately 3,370 kilograms. 

“The ivory originated from Mozambique. Cambodia is a transit hub; there is no information indicating that the ivory was intended to be sold here in Cambodia,” she said in an email. “The investigation is ongoing.” 

Ros Vanna, chairman and CEO of Kampuchea Shipping Agency and Brokers, also known as Kamsab, which grants customs clearance to foreign ships, said the port does not have rights to open the sealed containers immediately if the owner does not come. He said if goods are abandoned, a court must intervene.

“The owner didn’t appear to take [them] and then we sued to the court and open the containers,” he said. 

Sun Chhay, a director of the Customs and Excise Office at the port, told VOA Khmer that the owner of the containers apparently did not show up to claim the cargo because they feared the smuggling operation had been exposed.

“So far we don’t know whether the owner is Cambodian or foreigner,” he said. 

Chhay confirmed that the ivory was imported from Mozambique and shipped through Vietnam, where he said it was not checked because that country’s customs authority does not have the rights to check transiting cargo. 

He added that the next actions should be decided by his superior official.

Kun Nhim, general director of the General Department of Customs and Excise could not be reached for comment.

Ivory trade in Cambodia is ‘booming’

In December 2017, Cambodian authorities seized around 270 tusks at Cambodia’s southwestern port of Sihanoukville. In 2016, the country’s authorities also seized around 1.5 tons of ivory kept in containers in Phnom Penh and in 2014 Cambodian customs officials seized some 3 tons of African ivory in Sihanoukville as well. 

Paul Chambers, a political analyst at the College of Asean Community Studies at Naresuan University in Thailand, said Cambodia could be both a source and a transit country for the tusks.

“Cambodia has been an easy place to practice the international ivory trade because government enforcement is relatively lax,” he said. “Where there is money to be made, there will be buyers. That is what accounts for the continuing booming ivory trade in Cambodia or elsewhere in the world. The destination could be anywhere in the world, but it is so tragic that this trade continues,” he added. 

Meas Nee, a political analyst, said complex operations like ivory smuggling typically involve powerful people in Cambodia, even if the tusks are headed elsewhere. 

“I think Cambodia is just a transit only since we don’t really have law enforcement and there is also corruption as well,” he added. 

Save the Elephants, a UK-registered charity headquartered in Nairobi, issued new research in October this year, saying that Myanmar’s illegal ivory trade has been growing, with more exports headed to China.

The whole sale price for African raw ivory in late 2017 in the Golden Triangle region has remained stable at about $770 to $800 per kg since late 2015, according to Save the Elephants. Approximately 100,000 elephants in Africa were killed for their ivory in just three years between the years 2010 and 2012.

Between 20,000 and 30,000 African elephants are killed each year, according to the World Wildlife Fund 

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Most Babies Born With Cleft Condition Could Die Without Surgery

One of the most common birth defects in the world is a cleft lip. It’s essentially a gap in the upper lip where the skin didn’t grow together. Babies with cleft lips may also have a cleft palates, where the roof of the mouth is split. Both can be repaired surgically. But unless that’s done, this birth defect can cause significant disability or even death. More from VOA’s Carol Pearson.

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Tons of Dead Fish Wash Up in Rio de Janeiro Lagoon

Residents of a high-end neighborhood in Rio de Janeiro woke up to the unpleasant smell of 13 tons of rotting dead fish floating in the city’s Rodrigo de Freitas lagoon.

Biologists believe the extreme heat caused by El Nino killed the fish overnight and caused them to wash ashore Friday.

The lagoon played host to several events during the 2016 Olympic games and is a tourist attraction.

Rio’s environment ministry released a statement saying it has been on alert since Thursday morning when oxygen levels in the body of water began to fall sharply.

Biologist and ecosystem specialist Mario Moscatelli says that he inspects the lagoon every year and is convinced that climate change is causing temperature increases.

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