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“It was Richard Nixon who established the Environmental Protection Agencies. I mean, it’s ours. It’s our issue. It’s conservation. It’s conservative. This is an issue we should be talking about in a rational way. Let’s not politicize it, let’s not demand that everybody be absolutely for or absolutely against climate ch... |
Henry Paulson, Bush’s treasury secretary, appeared to disagree with Whitman’s assessment of the Republican attitude to climate change. “I think that there are plenty of Republicans that understand that this is a huge problem and we need to deal with it. And there are plenty of Democrats that don’t want to deal with it,... |
The EPA’s director under the first president Bush, William Reilly, said he was also bemused by his party’s undermining of climate action. But he said he was hopeful of change. |
“Young people of all stripes including young Republicans are very supportive of both acknowledging that we have a climate problem and humans are contributing to it,” he said. |
The shoe retailer is still dealing with falling same-store sales, but it has high hopes for the near future. |
The retail industry has gone through tough times lately, and that has hurt DSW (NYSE:DBI). The footwear and accessories retailer has lost more than half of its value since late 2013, and coming into Tuesday's third-quarter financial report, DSW investors weren't certain that the company would be able to rebound as stro... |
DSW's fiscal third-quarter results were generally solid. Sales climbed by 4.7% to $697 million, which was slightly slower than the 7% growth rate that most investors were looking to see. However, adjusted net income jumped 16% from year-ago levels to $41.7 million, and that worked out to adjusted earnings of $0.51 per ... |
Taking a closer look at DSW's business, it's clear that the shoe retailer hasn't solved all of its problems. Comparable sales fell once again, dropping 2%, and the company was only able to say that the decline was only half what DSW suffered in the third quarter of 2015. The Ebuys line continued to play a minor role in... |
In a stark reversal to what we've seen from DSW recently, the company managed to post an improvement in its margin figures. Gross profit margin was up more than half a percentage point on an adjusted basis, with DSW explaining that less extensive clearance markdowns and a lack of an inventory valuation reserve helped t... |
DSW saw different results on a segment-by-segment basis. The DSW retail segment posted a 1.6% sales gain, while the Affiliated Business Group segment suffered a sales decline of the same percentage. Gross profit and comps were also better at the DSW division, while the Affiliated Business Group suffered more dramatic 4... |
CEO Roger Rawlins was excited about the progress that DSW has made. "This quarter reflects the first step in our return to year-over-year earnings growth," Rawlins said, breaking a string of four consecutive declines in the bottom line. The CEO attributed smart inventory and cost management for the gains. |
DSW also has high hopes for the future. In Rawlins' words, "Looking ahead, we remain steadfast in delivering consistent execution as we drive shareholder returns and capture market share in the long term." Overall, DSW expects to see further gains to its bottom line as a result of its initiatives. |
Specifically, DSW raised its earnings guidance for the full year. The company now believes it will see $1.35 to $1.45 per share in earnings, up $0.03 from its previous guidance. |
DSW has been optimistic about its stock's prospects as well. The company bought back 2 million shares during the third quarter, spending $42.7 million in the process. That brings DSW's total amount spent on share repurchases to $159 million over the past four quarters, and although that has caused DSW's cash balance to... |
DSW investors were pleased with the results, sending the stock up almost 8% in the regular trading session following the announcement. With the news, DSW now appears poised to overcome retail headwinds throughout the industry and goes into the holiday season more energized than ever. |
On Wednesday, former “Price is Right” game show host Bob Barker turned 95, prompting a number of seemingly anodyne birthday tweets from news organizations including USA Today — which linked to an article that contains no mention of the lawsuits in which Barker was named over the years. |
That women, particularly women of color, are often treated as second-class citizens in the workplace is not an aberration. We know this. We’ve known it for years. None of this is new information. And yet here we are in 2018 still trying to root out the rot. |
Twenty years would go by before “9 to 5” hit theaters in 1980, fueled by many of the same issues, but this time with a story focused on the women themselves. |
Both films are fiction — but the type of everyday harassment depicted therein remains anything but. Fast forward to last week, when we learned the grisly details of a report prepared by lawyers for CBS investigating the workplace conduct of Les Moonves, the TV network’s former chairman and chief executive. |
Les Moonves was forced to resign as president and chief executive officer of CBS Corp. after allegations of sexual harassment emerged. |
The movies told as much. |
And he’s easy pickings for his supervisors, who decide Baxter’s one-bedroom apartment shall be made available to them on demand in the evenings when they are cheating on their wives. It’s literally a quid pro quo scenario: He’s being harassed by proxy — pressured into giving over his apartment for their sexual affairs,... |
Sheldrake promptly fires her for daring to speak the truth. |
What’s maybe more interesting than the movie itself is how we collectively talk about its themes. Often in reviews, the focus is on Baxter’s untenable situation. On Fran’s lovelorn arc and the way the two eventually come together at the end. The structural and institutionalized harassment the fuels the story — remember... |
What does that mean? What is racy, exactly? The affairs? Or the blunt depiction of sexual harassment in the workplace? |
In the film, a trio of belittled and sexually harassed office workers — Lily Tomlin, Dolly Parton and Jane Fonda — take matters into their own hands when they kidnap their boss, played by Dabney Coleman. |
Jane Fonda, from left, Lily Tomlin and Dolly Parton play fed-up office workers who kidnap their boss (Dabney Coleman, seated) in "9 to 5." |
Ebert’s takeaway: While the movie has a “dash of social commentary,” his interest was primarily Parton’s terrific performance (and I agree with him here; she’s wonderful). |
That it depicted the lived experiences of women in the workplace (and would continue to do so for the next 38 years)? That it validated — on the big screen, no less — what women have been saying for decades? That interested him less, I suppose. |
Both films are available to rent via streaming, and they feel as though they were made today. |
The Department of the Navy (DoN) is trying to attract and retain younger generations such as Generation Y's and Millennials. To attract them, the Navy has debuted its Massive Multiplayer Online Wargame Leveraging the Internet (MMOWGLI). Game players post ideas and then respond with other ideas that build, counter, redi... |
Wheeler, recognized as stock car racing’s premier promoter in his years at Charlotte Motor Speedway, nurtured Baker in his early effort to compete at the sport’s top level. |
Wilson was Baker’s crew chief and engine builder during 1979-80, the driver’s two greatest years. Baker won twice with Wilson and five times for the team owned by the late Harry Ranier, including the 1980 Daytona 500 at a still-record average speed of 177.602 mph. He sped to 13 poles with Ranier. |
I’m right with The Man Upstairs. |
I began covering motorsports in 1957, and after joining the Observer in ’64, became friends with Baker. I chronicled most of his racing career and occasionally wrote of his love for hunting and fishing, a passion we sometimes shared in trips to the mountains, coast and lakes. |
Baker first raced on NASCAR’s major circuit in 1959, and he retired in ’94, logging 700 starts, posting 19 victories and 38 poles. He followed his colorful late father Buck, a two-time champion and NASCAR Hall of Famer, into the sport. Both Bakers are on NASCAR’s 50 Greatest Drivers list. |
When we arrived, Baker had his TV tuned to the Xfinity Series race at Indianapolis Motor Speedway. He muted the sound but kept the video action going. But we didn’t watch, chatting instead as Baker’s best friend and neighbor, Lamar Sprinkle, joined us. |
Hanging on a wall nearby was a print of the No. 28 Oldsmobile that Baker drove to his memorable Daytona 500 victory. |
“The Gray Ghost,” I said, pointing to the framed print. |
Both Baker and Wilson glowed. |
Buddy Baker’s famed ‘Gray Ghost’ got its name because it was so fast in ’80 at Daytona that it blended in with the asphalt track. Rivals complained they couldn’t see it. |
Indeed, the black-and-gray Olds was so fast in ’80 at Daytona that it blended in with the asphalt track. Rival drivers complained they couldn’t see Baker as he overtook them in practice. So NASCAR ordered that day-glo pink strips be taped to its front. |
The nickname “Gray Ghost” was born. |
Baker shook his head while recalling his win in the ’80 Winston 500 at Talladega, a favorite memory. |
Baker, a 6-foot-4 “Gentle Giant” of NASCAR during his glory years, asked Wilson for another favorite memory. |
The sport has been great to me and given me a wonderful life. |
Baker’s eyes moistened as we continued to look back over the decades, including his post-driver stints as a popular racing analyst on telecasts and then host of a radio talk show. |
“The sport has been great to me and given me a wonderful life,” Baker said. “And the friends I’ve made! Lots have either called or come by. Darrell Waltrip and his wife, Stevie, phoned just the other day and we prayed for 20 minutes. |
Retired journalist Tom Higgins covered NASCAR for 35 years and is on the voting panel for the NASCAR Hall of Fame. He is the Hall of Fame’s 2015 Squier-Hall Award winner, recognizing his excellence in coverage of the sport. |
Legalizing drugs: A real fix or true folly? |
The American science of interrogation Rebecca Lemov, REBECCA LEMOV is the author of "World as Laboratory: Experiments with Mice, Mazes and Men," to be published by Farrar, Straus & Giroux in December. |
Rooting for the losers KEN SOLARZ, KEN SOLARZ is working on pilots for NBC and ESPN. His credits include "Crime Story," "Miami Vice" and "Falcone." |
What Have the Dodgers Done for Us Lately? |
SAN FRANCISCO/DUBAI (Reuters) - Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion (£2.4 billion) to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. |
Uber said late on Monday night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it full ownership of Careem. The long-expected agreement ends more than nine months of start-and-stop negotiations between the two companies and hands Uber a much-needed victory after a series of ... |
The notes will be convertible into Uber shares at a price equal to $55 apiece, Uber said, marking a nearly 13 percent increase over Uber’s share price in its last financing round, led by SoftBank Group Corp more than a year ago. |
The acquisition makes Careem a wholly owned subsidiary of Uber and will keep the Careem brand and app intact, at least initially. Careem co-founders Mudassir Sheikha, Magnus Olsson and Abdulla Elyas are staying on with Careem following the acquisition, the companies said. |
However, Careem’s board will be overhauled, with three seats going to Uber representatives and two belonging to Careem. Sheikha, who is Careem’s CEO, and Olsson will have board seats. An Uber spokesman declined to say whom Uber would appoint to the board. |
The $3.1 billion cash-and-stock purchase buys out all external Careem investors, the companies said, and Careem stock will be converted into Uber equity. |
Careem had raised less than $800 million from investors and as of October had a $2 billion valuation. Its backers include German car maker Daimler AG, Chinese ride-hailing company Didi Chuxing, Japanese internet company Rakuten Inc and Saudi investor Kingdom Holding Company. |
The deal is expected to close in the first quarter of 2020, the companies said, meaning it will not be reflected in Uber’s first couple of quarterly earnings releases as a public company, although it will likely be disclosed in a public IPO filing. Uber will kick off its IPO next month and is expected to receive a valu... |
The agreement is subject to regulatory approval, including by antitrust officials in the countries where Careem operates, which could prevent the deal from moving forward or compel the companies to modify the terms. |
The deal is particularly important for Uber, whose ability to be a competitive global ride-hailing player had come into question after it sold its operations in China, Russia and Southeast Asia to local rivals after sustaining heavy losses. |
Uber has been eager to reach an agreement before the company begins its “roadshow,” when it will meet with public market investors prior to listing shares on the New York Stock Exchange. The deal enables Uber to claim dominance in a growing region for ride-hailing outside of the United States. |
Uber operates in more than 70 countries, but faces strong rivals in Latin America and India and tough regulations in Europe. |
Talks between the companies had dragged on since at least last summer, sources told Reuters, although they did not get serious until the end of the year. The companies had for years battled in a competition for drivers and riders that had required discounts and subsidies and pushed prices artificially low. |
Careem over the course of last year grew its business rapidly, including adding a delivery service, and went on to nearly double its valuation, pressuring Uber to increase its bidding price. |
Towards the end of last year, Careem was entertaining interest from investors for another financing round when Uber moved aggressively to buy the company outright, sources said. |
The merger follows the $580 million acquisition of Dubai-based ecommerce company Souq Group Ltd by Amazon.com Inc in 2017, according to a U.S. Securities and Exchange Commission filing, spotlighting the Middle East’s budding technology scene. |
Careem, founded in 2012, has a larger presence than Uber in the Middle East, North Africa, Pakistan, and Turkey, operating in 98 cities there compared with Uber’s roughly 23 locations. |
“An Uber-Careem merger underscores the huge potential of car-hailing in the Middle East,” said Sam Blatteis, CEO at the MENA Catalysts, a Middle East public policy advisory and research firm. |
David Chao, co-founder and general partner at venture firm DCM and a Careem investor, said it was the “first unicorn exit” in the Middle East, referring to start-ups valued at $1 billion or more, and representative of things to come. |
Careem’s Middle East investors, including Saudi Arabia’s Al Tayyar Travel Group, Saudi Prince Alwaleed’s Kingdom, Saudi Telecom and Saudi venture fund STV, all welcomed the deal. |
Al Tayyar said it was divesting its investment for 1.78 billion Saudi riyal ($474.64 million) and expected a total profit of 1.34 billion riyals in 2019 as a result. |
Kingdom Holding said it was selling its stake for 1.25 billion riyals - 565 million riyals in cash and a convertible bond in Uber valued at 685 million riyals - while Saudi Telecom, which invested indirectly through its venture funds, said it will receive $274 million in cash and convertible notes. |
Uber said its revenue last year was $11.3 billion, while its gross bookings from rides were $50 billion. But the company lost a staggering $3.3 billion, excluding gains from the sale of its overseas business units in Russia and Southeast Asia. |
Careem does not disclose its earnings. |
Kings 115, 76ers 98: Rudy Gay scored 18 of his 27 points in the first half and visiting Sacramento sent Philadelphia to its 18th consecutive defeat. |
Isaiah Thomas also had a big first half with 17 of his 20 points and DeMarcus Cousins finished with 19 points and 12 rebounds for the Kings, who made 40-of-50 free throws. Ben McLemore chipped in 15 points as Sacramento improved to 2-3 on its seven-game road trip. |
Henry Sims produced career highs with 20 points and 10 rebounds for Philadelphia, which also lost its 14th consecutive home game. James Anderson scored 17 points and Thaddeus Young added 16 in the setback. |
The Kings ended a see-saw first half with a 58-54 lead and it was a five-point margin midway through the third before Cousins had back-to-back hoops to start a quick 7-2 burst that left Sacramento with the first double-digit lead of the game. A 3-pointer by Derrick Williams - his only basket of the game - expanded the ... |
Michael Carter-Williams opened the scoring for Philadelphia in the fourth but Jason Thompson had a dunk and a layup before Travis Outlaw was good from 3-point range to open up a 97-78 advantage. The Sixers never got any closer than 14 thereafter in moving within eight losses of matching the all-time NBA record for cons... |
GAME NOTEBOOK: The Kings set Wells Fargo Center records with 26 made free throws and 31 attempts in the first half. ... Philadelphia's slide is the longest since the 2006-07 Celtics also lost 18 in a row. ... Cousins' double-double was his 40th of the season. |
The organization "Cato Institute." represents an institution, an association, or corporate body that is associated with resources found in Boston University Libraries. |
1 Items by the Organization "Cato Institute." |
Data Citation of the Organization "Cato Institute." |
Welcome to Rapid JLPT 4 Lessons. All you need is to remember grammar and kanji we prepared in this guide. We hope you will be able to learn Japanese quickly with this software and you will be able to clear Japanese Language Proficiency Test Level 4. |
A young regular at Greenbrook Church's community coffee morning admires one of the stalls. |
An open invitation has gone out to a church community coffee morning this weekend. |
The event takes place at Greenbrook Methodist Church and community centre on Saturday (May 26th) from 10am to 11-30am. |
Unlimited tea and coffee will be served for a small donation and there will also be stalls selling books, home-made cakes and bric a brac. |
The regular event is held to bring the community together and give people the chance to meet up with old friends and make some new ones. |
WOLF BLITZER, HOST: Happening now, breaking news -- North Korea says its armed forces have the go-ahead for a nuclear strike on the United States. Families of Newtown victims open up like never before. Despite incomprehensible loss, they refuse to let tragedy define them, discovering the good that can come from unthink... |
We'll also hear live from President Obama this hour. He's taken his push for greater gun control to Colorado, a state scarred by bloody mass shootings. |
Is there still a chance the Congress will act? And the president writes checks to the American taxpayers -- why is he giving back 5 percent of his salary? |
But let's begin with some breaking news -- a really chilling development out of North Korea, which says its military has final approval for a nuclear attack on the United States. |
Whether the North is even capable of that is another matter, but the United States is already planning to send a missile defense system to Guam, where thousands of U.S. troops are based. |
CNN's Kyung Lah is standing by in Seoul, South Korea. It's only a few miles south of the demilitarized zone. |
Let's go to CNN's Barbara Starr. |
She's got the latest information coming from the Pentagon. |
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