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SpanishTurkey’s opposition bloc renews commitment to principles after split
Turkey’s opposition bloc renews commitment to principles after split By Reuters
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World 1 hour ago (Mar 04, 2023 03:10PM ET)
(C) Reuters. FILE PHOTO: Turkey’s main opposition Republican People’s Party (CHP) leader Kemal Kilicdaroglu addresses his supporters during a rally to oppose the conviction and political ban of Istanbul Mayor Ekrem Imamoglu, a popular rival to Recep Tayyip Erdogan, th
ISTANBUL (Reuters) -The five remaining leaders of Turkey’s opposition alliance renewed their commitment to its original principles on Saturday after one of the group’s main members quit in disagreement over the candidate for presidential elections in May.
“The alliance is determined to continue its work in the same direction, in line with its foundation principles and objectives,” the five said in a statement after holding a five-hour meeting.
The public split on Friday in the alliance of opposition parties followed months of simmering discord in the group, and was seen by analysts as a blow to opposition hopes of unseating President Tayyip Erdogan, who has been in power for two decades.
Meral Aksener, leader of the centre-right nationalist IYI Party, the second-biggest in the alliance, announced on Friday the party was leaving the bloc.
She said that at a presidential candidate selection meeting this week, five parties in the alliance proposed Kemal Kilicdaroglu, leader of the Republican People’s Party (CHP), as their candidate.
Aksener accused members of the alliance of pressuring her party and defying the people’s will, adding that she proposed Mansur Yavas and Ekrem Imamoglu, CHP mayors of capital Ankara and Istanbul respectively, as candidates.
The CHP has the largest voter base in the alliance.
Kilicdaroglu has said there is no room for political games in the alliance and signalled that more parties could join the bloc.
Erdogan said his ruling AK Party and its nationalist ally MHP will continue on their planned course and dismissed the opposition split, according to state-owned TRT Haber.
Opposition leaders said they will announce their joint candidate to challenge Erdogan on March 6.
Erdogan’s popularity had been dipping amid a cost of living crisis even before last month’s earthquakes that killed more than 45,000 people. However, analysts have said the opposition disagreement benefited the ruling alliance.
“The best hope for the crisis-struck opposition now is to keep Erdogan under 50% in the first round (of voting) and show unity in the second round,” said Erdem Aydin, founder of London-based RDM Advisory.
“As things stand both IYI and CHP showed poor leadership and communications which culminated in a crisis … Nobody wins in this scenario, except for Erdogan,” Aydin added.
Separately, Turkey’s pro-Kurdish Peoples’ Democratic Party (HDP), a key actor in the bid to defeat Erdogan on May 14, called on the opposition to unite around democracy, justice and freedom.
Turkey’s opposition bloc renews commitment to principles after split
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Before fatal collapse, Turkish building had skirted code thanks to Erdogan policy
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(C) Reuters. FILE PHOTO: A general view of Malatya, Turkey February 23, 2023, in this screen grab taken from a video. REUTERS/Natalie Thomas
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By David Gauthier-Villars and Natalie Thomas
MALATYA, Turkey (Reuters) – The Trend Garden Residence, an upscale serviced apartment building in the Turkish city of Malatya, boasted a gym, freshly-furnished rooms and a roof-top cafeteria.
But when a powerful earthquake jolted the city in the early hours of Feb. 6, the seven-floored building disintegrated, killing 29 people, according to two government officials. It was as if the structure had “liquefied,” one survivor said.
Beneath its colourful facade, the building had been extensively remodelled a few years ago without the necessary permits, but was later registered thanks to a 2018 zoning amnesty promulgated by Turkey’s President Recep Tayyip Erdogan, according to a Reuters review of municipal and amnesty documents, architects drawings and interviews with six people familiar with the Trend Garden’s history.
Erdogan at the time said the amnesty, which was first granted to building owners ahead of his 2018 re-election, was aimed at resolving conflicts between citizens and the state over millions of buildings “constructed in violation of urban planning.”
Now, the wrecked Trend Garden is the subject of a criminal investigation to determine responsibility for its collapse. Local prosecutors have arrested at least three people connected to the building on preliminary charges of causing death by negligence, according to the two government officials who asked not to be named. The officials said the investigation would consider all aspects of the building’s life.
As focus in Turkey intensifies on how poor construction may have contributed to the devastation caused by the earthquake, the deadliest natural disaster in the country’s modern history, authorities have pledged to identify culprits. More than 230 people have been arrested, including building contractors and developers, the government said.
The earthquake has left more than 50,000 people dead in Turkey and Syria, and aftershocks continue to rock the region. The Trend Garden was one of the more than 200,000 buildings that Turkish authorities say collapsed or are in urgent need of demolition in the regions shredded by the earthquake. A further earthquake on Monday caused more buildings in Malatya to collapse.
The Turkish presidency’s communications directorate and the urbanisation ministry didn’t respond to requests for comment, including on the amnesty and whether the policy contributed to the devastation triggered by the earthquake. Erdogan, who has led Turkey since 2003, said following the disaster that building standards have improved under his watch.
Among those arrested as part of the Trend Garden probe is Engin Aslan, according to the government officials. Corporate records show he is the majority owner of a Turkish company that, according to land registration documents, owns the building. Contacted by Reuters via an employee of the apartment building’s management prior to being arrested, Aslan said he wouldn’t speak to the news agency because he was mourning the loss of his brother who was killed in the Trend Garden’s collapse.
A lawyer for Aslan, Muhammet Karadogan, declined to comment.
Architects and civil engineers said it was too early to determine whether the building’s remodelling, which involved dividing 12 apartments into 42 smaller units and transforming the attic into a full-fledged seventh floor, contributed to the collapse.
But they said the amnesty law raises fundamental problems because it has fostered a reckless culture in the construction business in a country that sits on major fault lines and faces well-identified earthquake risks.
Under the amnesty, owners could legalise unregistered buildings by filing an electronic application and paying a tax. Detailed guidance issued by the urbanisation ministry, which oversaw the process, makes no mention of a requirement for independent assessment. However, the law stipulates that the owner is responsible for ensuring the building is earthquake resistant.
“That law is nonsensical,” said Erol Erdal, a member of the Malatya branch of Turkey’s Chamber of Civil Engineers. “The government and the laws are meant to protect people, not put them in harm’s way.”
Malatya Mayor Selahattin Gurkan declined to comment on the Trend Garden’s collapse, citing the ongoing probe, but told Reuters that authorities needed to learn lessons from the earthquake. Asked if regularising illegal buildings might have caused safety hazards, the mayor – a member of Erdogan’s ruling AK Party (AKP) – said “the zoning amnesty wasn’t the correct approach.”
FAMILY TRAGEDY
Among those killed in the Trend Garden’s collapse were four members of Fatma Zehra Gorgulu’s family – her three children and one of her sisters.
Sitting by a fire near the wrecked building amid freezing temperature for a sixth day after the earthquake, Gorgulu remained silent and appeared transfixed, as rescue teams combed the rubble and she waited for news.
Feyza Yilmaz, a third sister, had come to Malatya to help her sibling following the disaster. Yilmaz explained the family had rented a room at the Trend Garden because it was close to a hospital where one of Gorgulu’s children needed to undergo treatment for a rare condition and she also had scheduled surgery. When the earthquake struck, Gorgulu was at the hospital while her daughter and two sons were being looked after by the other sister at the residence.
Yilmaz, a 32-year old lawyer, said she wanted to understand how a modern, sturdy-looking building could crumble like a house of cards.
“I want to know who is responsible for this,” she said.
The following day, the four bodies were recovered, according to rescuers.
‘PROBLEMATIC BUILDINGS’
The Trend Garden building – and the 2018 zoning amnesty law – are emblematic of what some architects and civil engineers say is Turkey’s failure to impose stringent antiseismic regulations under Erdogan, as the country’s population of 85 million continued shifting to urban centres.
Ahead of 2018 presidential elections and municipal ones in 2019, Erdogan hailed the zoning amnesty as “a gesture of compassion” towards Turkish citizens confronted with a finicky administration. Addressing an AKP rally in Malatya in March 2019, the president told supporters that thanks to the policy “the problems of 88,507 Malatya citizens have been resolved,” according to a video of his speech.
Turkish authorities extended the amnesty several times. The move has generated billions of dollars for state coffers, according to the government. More than 3 million households and companies obtained their deeds as a result, the government said in October last year.
That same month, an Erdogan ally, the Great Unity Party’s leader Mustafa Destici, proposed reviving the measure ahead of this year’s presidential elections in order to help others. Destici didn’t respond to a request for comment relayed via a spokesperson on whether he continued to support the proposal.
In 2019, after a building in Istanbul that had benefited from the zoning amnesty collapsed, causing 21 deaths, the government vowed to accelerate a plan to demolish and replace Turkey’s most dangerous buildings. At the time, the government said about a third of the country’s 20 million properties raised safety concerns and required action.
But Turkish authorities neglected the issue, according to Eyup Muhcu, head of Turkey’s Chamber of Architects. Instead, the government focused on construction in new areas, “abandoning problematic buildings to their fate,” he said.
The urbanisation ministry also didn’t respond to questions about how it dealt with problematic buildings and how many of the recently collapsed buildings had benefited from the amnesty.
DEVELOPMENT PACT
The Trend Garden’s building was constructed more than two decades ago, in the late 1990s, following a typical Turkish real-estate pact where one party contributes the land and another takes charge of construction, while the two divvy up the units.
Bahattin Dogan, a building contractor from Malatya who is in his 70s, told Reuters that he did the construction. Bulent Yeroglu said his family brought the land. A 59-year-old civil engineer, Yeroglu said he also took responsibility for designing the building’s structure with steel reinforced concrete for the frame, and bricks for the infills.
Both men said they had followed all applicable rules and took no shortcuts. Reuters wasn’t able to independently corroborate that.
Architects drawings of the original structure and building permits dated 1996 and later seen by Reuters, as well as a satellite image from 2010, show the building had initially consisted of a ground floor with commercial space, and 12 apartments on six stories above plus an attic.
Presented with the drawings, one forensic engineering specialist, Eduardo Fierro of California-based BFP Engineers, said the building appeared to have “a reasonably well-engineered frame.” Fierro said, however, that it had a so-called “soft story” or inherent weakness on the ground level, with a higher ceiling and fewer walls or partitions to accommodate the commercial area. He, and several other specialists consulted by Reuters, agreed that determining whether remodelling played a role in the building’s collapse wasn’t possible without more information. Reuters had no evidence that the remodelling was a factor in the catastrophe.
Yeroglu said he got the commercial area and that he had split it into two spaces over a decade ago, selling them to two pharmacists. Both pharmacists told Reuters they acquired the commercial space after it was divided and didn’t make any changes to the building.
Building contractor Dogan, who got the 12 apartments, said he sold them in mid 2018 to Aslan, one of the individuals the government officials said had been arrested.
Reuters couldn’t determine if Aslan or someone else took responsibility for the remodelling into 42 units because the building’s ownership kept evolving around the time it happened.
A municipal official said the remodelling was done without applying for permission, which he and other local buildings specialists said should have been sought for such a transformation. “There is no trace of an application,” the official said after consulting building records in Malatya’s Yesilyurt district.
If an application had been made, the official added, it would likely have been rejected because the municipality is generally opposed to allowing remodelling of older buildings that have “tired” structures.
A spokesperson for the Yesilyurt district municipality, where Trend Garden was located, declined to comment about the building’s registration history.
What is clear is that the urbanisation ministry issued amnesty decisions in December 2019 “on the basis of information provided by the applicant” for 42 apartments at the address of the Trend Garden, according to 42 amnesty documents seen by Reuters.
Land registry documents reviewed by Reuters show that a Malatya-based company called Trend Yurt used the amnesty decisions to obtain the building’s deed in November 2020.
Aslan has been Trend Yurt’s majority owner and manager since March 2020, according to corporate records.
The two government officials said those arrested also included Sefa Gulfirat, who founded Trend Yurt in 2018, corporate records show, and Yeroglu, the civil engineer who designed the building’s structure.
Speaking to Reuters before his arrest, Yeroglu said he believed the building collapsed because its structure was damaged during the remodelling.
A lawyer who represented him when he was arrested, Ozgur Akkas, said Yeroglu would contest that he caused death by negligence on the grounds that his responsibility as a civil engineer had elapsed. Contacted by Reuters, one of Yeroglu’s relatives rejected the notion that the building had an inherent weakness, saying the civil engineer had designed the structure carefully, including the commercial area.
Aslan’s lawyer Karadogan is also representing Gulfirat. The lawyer also declined to comment on Gulfirat’s behalf.
Following further refurbishment, the attic became a seventh floor with a cafeteria and the serviced apartments opened in late 2021, according to Anil Ozhan, whose family owns a pharmacy in one of the commercial spaces on the ground floor, and other locals. A photo posted online by the Trend Garden Residence in late 2021 shows the building following these refurbishments, including blue and ochre trims, emblazoned with the company’s name and a full-height, glass-fronted seventh floor.
Ozhan said he was aware the building had benefited from the zoning amnesty but the pharmacist believed the remodelling had been thoroughly assessed before the amnesty was granted. “I’d be mad if I heard it wasn’t,” he said.
‘I THOUGHT I WAS DEAD’
At 4.17am on Feb. 6, the snow-covered ground around the Trend Garden began shaking violently, according to footage captured by closed circuit television.
Onur Gencler, a manager at a construction company, was sleeping on the sixth floor. When he understood what was happening, he pulled two beds close together and laid between them wrapped in comforters after grabbing his cellphone.
The building shook for a long minute, he said, and then collapsed in a matter of seconds, plunging him in darkness.
“I thought I was dead,” Gencler said. “It’s only when I turned on my phone and saw the picture of my wife and son, that I understood I was alive.”
About 90 minutes later, his boss Mehmet Kaya and colleagues who had rushed to the site pulled Gencler from under a slab of concrete with minor injuries.
After six hours of searching under heavy snow fall, Kaya said they found his 34-year-old cousin Fatma, who was also staying at the serviced apartment building.
She was dead.
Natural gas closes above $3 first time since late January
Natural gas closes above $3 first time since late January By Investing.com
Breaking News
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Commodities 23 hours ago (Mar 03, 2023 03:44PM ET)
(C) Reuters
By Barani Krishnan
Investing.com — In markets’ antithesis to Newton’s Law, what goes down must come up. Natural gas futures are doing just that, rising 23% on the week to return to the critical $3 pricing after a 2- 1/2 -month long selloff that took the market to $1 territory.
The most-active April gas contract on the New York Mercantile Exchange’s Henry Hub settled at $3.0090 per mmBtu, or metric million British thermal units, up 24.4 cents, or 9% on the day. For the week, it rose 55.8 cents.
It was also the first time since Jan. 24 that a front-month contract on the Henry Hub settled above the $3 mark, after gas futures lost the $2 perch amid intense selling sparked by an abnormally warm winter.
The rebound in gas prices comes on the back of late winter chills expected across the United States, which has less than three weeks left before the official start of spring.
“Weather forecasts shifted cooler from yesterday with the middle of March forecast expected to be around 10 degrees cooler than the 10-year normal,” Houston-based energy markets advisory Gelber & Associates said in a note on natural gas issued Friday.
“The week ending March 17th is expected to be the coolest since early February,” the note added.
Technically, April gas’ next major upside target would be $3.55, said Sunil Kumar Dixit, chief technical strategist at SKCharting.com.
“If the current momentum gains enough trigger, we can expect further upside towards $3.18, followed by $3.31 and $3.55, over an extended period of time,” said Dixit.
Some have warned, however, that the market should brace itself for volatility as there was still too much gas supply in storage to warrant any concerns of squeeze from demand to sustain a long-running price outbreak.
Storage of natural gas stood at a total 2.114 tcf, or trillion cubic feet, as of Feb. 24 — up 27% from the year-ago level of 1.66 tcf and 19% higher than the five-year average of 1.77 tcf, the EIA, or Energy Information Administration, reported.
An unusually warm winter has led to considerably less heating demand in the United States this year, leaving more gas in storage than initially thought.
Responding to the warmth and lackluster storage draws, gas prices plunged from a 14-year high of $10 per mmBtu in August, reaching $7 in December before hitting a 2- 1/2 year bottom of $1.967 last week.
Since then, the market has rebounded on an anticipated rise in U.S. heating demand over the next two weeks from colder-than-normal weather conditions.
Daily production of gas has also fallen to 97.5 bcf, or billion cubic feet per, from highs of over 100 bcf per day.
Another upside for gas bulls has been the improving feed demand for liquefied natural gas with a steady pickup in volumes going into the Freeport LNG terminal in Texas, which has been slowly getting back to normal operations after a fire in June. Freeport had been a rock-solid base of 2 bcf of gas demand a day until it was knocked out.
Natural gas closes above $3 first time since late January
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Fed’s Daly: tighter policy, for a longer time, ‘likely’ needed
Fed’s Daly: tighter policy, for a longer time, ‘likely’ needed By Reuters
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Economy 4 hours ago (Mar 04, 2023 01:15PM ET)
(C) Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Saturday sounded a clear warning on the inflationary threat, and signaled that the U.S. central bank may raise interest rates further, and keep them there longer, than has been expected.
Though inflation by the Fed’s preferred measure has fallen from its mid-2022 highs of around 7% to 5.4% in January, the latest monthly reading showed price pressures gaining at their fastest pace in seven months.
That’s despite what last year was the Fed’s most aggressive set of interest rate hikes in 40 years as it took its benchmark rate from near zero in March to what is now 4.5%-4.75%.
The acceleration of inflation in January “suggests that the disinflation momentum we need is far from certain,” Daly said in remarks prepared for delivery to the Princeton Economic Policy Symposium. “In order to put this episode of high inflation behind us, further policy tightening, maintained for a longer time, will likely be necessary.”
Coming from Daly, whose views are typically in line with Fed leadership, the remarks may add to expectations that Fed policymakers will lift rates higher in coming months than the 5.1% that most of them had penciled in December.
Fed policymakers will publish fresh projections for policy and the economy at the close of their upcoming March 21-22 meeting.
Some traders are even betting the Fed will deliver a half-point hike in March, rather than the quarter-of-a-percentage point rate hike seen as most likely – a reversion of sorts to the super-aggressive stance the U.S. central bank pursued much of last year.
Daly did not use her prepared remarks to offer a view on how big March’s rate hike ought to be, or exactly how high rates should go.
Still, she painted a challenging picture for the Fed, not only of stubbornly high inflation now, but of the range of new pressures that could feed into high inflation for some time to come, including corporate efforts to relocate factory production back to the U.S. from abroad, and the ongoing labor shortage at home.
She also called out the potential for additional price pressures as firms pass on to consumers the cost of transitioning to lower-carbon energy sources in the fight against climate change.
And she said that she was particularly focused on the possibility – so far not in evidence – that an inflationary psychology could take hold in the American mind and make the Fed’s inflation fight even harder.
“Achieving our mandated goals takes time and a broader view,” she said. “As policymakers, we have to respond to an economy that is evolving in real time and prepare for what the economy will look like in the future.”
Fed’s Daly: tighter policy, for a longer time, ‘likely’ needed
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Silvergate suspends crypto payments network; shares fall after-hours
Silvergate suspends crypto payments network; shares fall after-hours By Reuters
Breaking News
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Stock Markets 7 hours ago (Mar 04, 2023 08:35AM ET)
(C) Reuters. FILE PHOTO: A representation of bitcoin is seen in an illustration picture taken on June 23, 2017. REUTERS/Benoit Tessier/File Photo
By Hannah Lang and Akriti Sharma
(Reuters) – Silvergate Capital (NYSE:SI) Corp said on Friday it made a “risk-based decision” to discontinue the Silvergate Exchange Network, its crypto payments network, two days after the digital asset-focused bank raised doubts about its viability.
“Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services remain operational,” Silvergate said in a statement posted on its website.
The Silvergate Exchange Network, one of the bank’s most popular offerings, enabled round-the-clock transfers between investors and crypto exchanges, unlike traditional bank wires, which can often take days to settle.
Silvergate shares on Friday slumped more than 2% in after-hours trading, after closing up 0.9% at $5.77 in regular trade. The shares on Thursday had fallen to a record low, ending the day down more than 97% from their all-time high in November 2021.
Silvergate on Wednesday warned in a filing that it was evaluating its ability to operate as a going concern, disclosing that it had sold additional debt securities this year at a loss and that further losses mean the bank could be “less than well capitalized.”
After the warning, cryptocurrency heavyweights including Coinbase (NASDAQ:COIN) Global Inc and Galaxy Digital dropped Silvergate as their banking partner. Stablecoin issuers Paxos and Circle, Cboe’s digital asset exchange, and crypto exchanges Bitstamp and Gemini also suspended their partnerships with Silvergate.
Silvergate suspends crypto payments network; shares fall after-hours
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4
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