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Back in the 1970s, Church and his colleagues could never have imagined the new laws that facilitate corporate misbehavior today. Like the ITT case, this is stuff for a movie, although most would consider it implausible even as fiction.
Consider this: On Sept. 15, totally off camera, there will be a hearing, like dozens of others in recent years, at the International Centre for Settlement of Investment Disputes (ICSID), housed in downtown Washington at (and subsidized by) the World Bank. Corporate-friendly investment rules, enshrined in thousands of current trade and investment agreements, have emboldened a mining firm to sue the Salvadoran government for not allowing the company to mine gold. The Salvadorans, with justification, fear that cyanide and other toxic chemicals left by gold mining will contaminate the country's main water source.
The mining firm, Pacific Rim — now part of Australian/Canadian mining corporation OceanaGold — never was given a license to mine by the Salvadoran government. That, it would seem, should be the end of the story. No license to mine; no case. But the ICSID tribunal, incredibly enough, has allowed Pacific Rim to proceed with its suit based on the fact that it had a prior license to explore for gold. And so, even though Pacific Rim never fulfilled three key conditions required for the actual mining license, the company argues that the government must let it mine or compensate it over $300 million for foregone mining profits.
Drawing inspiration from the Church Committee of the 1970s, we can use this egregious case to once again put a spotlight on excessive corporate power. And we can change trade and investment agreements to stop excessive lawsuits that damage communities, the environment and democracy.
It is time to revive that congressional subcommittee.
Broad is a professor at the School of International Service at American University. Prior to that, she worked as an international economist at the U.S. Treasury Department, in the office of then-Rep. Chuck Schumer (D-N.Y.) and the Carnegie Endowment for International Peace.
September real consumption increased for durable goods at a rate of 1.8 percent, the highest rate of growth since March, and for nondurable goods at 0.2 percent. Consumption of services, however, was flat, largely due to a 1.8 percent decline in food services consumption following big gains in prior months. Other discretionary categories of spending were mixed: recreational goods and vehicles rose at a rate of 2 percent from the prior month; recreational services declined by 0.1 percent; motor vehicle and parts increased by 3.1 percent; personal care services increased by 0.1 percent; clothing and footwear declined by 0.6percent; and spending on personal care products remained the same from August.
A number of factors explain the robust consumption growth, including high consumer confidence in the third quarter of 2018, record-setting net worth figures, and the near 50-year low in the unemployment rate. We expect consumption growth to moderate in the first half of 2019 as the boost from the tax cuts fades. But in the near term, favorable fundamentals, including strong gains in employment and modest increases in wages, have lifted disposable incomes and are likely to translate into another strong holiday shopping season.
As for inflation, even though it has been rising at a 2 percent rate in the last year, that rate has clearly moderated in recent months and signs of any imminent acceleration are not apparent. The three- and six-month annualized changes in the core Personal Consumption Expenditure Price Index, which is the Federal Reserve’s preferred measure of inflation, are 1.4 percent and 1.7 percent, respectively, down markedly from this year’s peaks of 2.3 percent. This points to some downside risk to near-term inflation, but we still expect core inflation to climb modestly above 2percent in the coming years, which the Fed has indicated is acceptable as long as inflationary expectations remain well anchored.
The risks to near-term inflation are two-sided. Tariffs, strong domestic economic momentum, and a tighter labor market should push up domestic prices. On the other hand, the stronger U.S. dollar is lowering import price inflation and commodity prices remain well below this year’s highs. Consumer durable goods such as automobiles and household equipment and furnishings, which are likely to reflect the tariff impact, have remained in deflation since 2013, and core services prices have stabilized just under 3 percent.
Actual inflation has been at the Federal Reserve’s 2 percent target for several months and we expect inflation to drift modestly above 2 percent in 2019 and 2020. The Fed seems comfortable with allowing inflation to rise above 2 percent in the coming years after several years of below 2 percent inflation, as long as inflationary expectations remain well anchored.
“CREATE A BUDGET: Before you start shopping all the summer sales, create a budget. Set a realistic spending limit before shopping and look for the best deals to help stay within that budget.
HollywoodLifers, are you done with your back to school shopping?
Mediapro Goes OTT In Canada With Global CPL Rights: SportsPro, February 21, 2019.
Canadian Soccer Business Announces ThePostGame To Represent The Sale Of Its Global Media Rights: BC Soccer Web, August 23, 2018.
Digital Agency ThePostGame Represents Canadian Premier League's Rights: Sportcal, August 22, 2018.
Canadian Soccer Business Retains ThePostGame: Ad News, August 20, 2018.
Hyundai Features Journey Of Four NFL Prospects In 'Rolling With The Rookies' Content Series: PR Newswire, April 19, 2018.
UFC Gym, ThePostGame Partner To Take Viewers 'Outside The Octagon': The Wrap, February 1, 2016.
USPS Taps Athletes For Holiday Campaign: MediaPost, December 21, 2015.
Is Too Much Advertising Killing Daily Fantasy Sports?: AdWeek, November 11, 2015.
What's Next For Sports Media?: Web Summit, November 2015.
Are Viral Sports GIFs Violating 'Fair Use'?: CNBC, October 13, 2015.
USC Center For The Digital Future and ThePostGame Announce Next-Generation Sports Fan Research: PR Newswire, October 1, 2015.
ThePostGame Will Partner With WPP's New Sports Entertainment Business: AdWeek, June 30, 2015.
ThePostGame Opens Up Playing Field With New Agreement: Sports Business Journal, June 29, 2015.
NFL Amps Up Its Digital Media: Los Angeles Times, July 30, 2013.
ESPN's Grantland Battles Yahoo's ThePostGame: Digiday, July 22, 2011.
Forty Under 40, David Katz: Sports Business Journal, March 21, 2011.
Yahoo Sports Adds Online Magazine: New York Times, January 11, 2011.
Stu Cook and Doug "Cosmo" may not have intended it, but their band Creedence Clearwater Revisited has taken on a startling life of its own. The Rock and Roll Hall of Fame rhythm section (bass and drums respectively) from the legendary group Creedence Clearwater Revival launched the Creedence Clearwater Revisited project in 1995 to once again perform live Creedence Clearwater Revival hits touchstones of a generation. Though the pair initially only planned to play private parties, Creedence Clearwater Revisited now performs up to 100 shows a year and released the album "Recollection."
One spot where you definitely DO NOT WANT TO STAND during a lightning storm is next to an oil tank battery. These structures have a strong tendency of being a lightning attractant.
Shortly before nine o’clock this evening that’s exactly what happened in northern Stafford County.
An oil tank battery located a quarter mile south of 170th Street – just west of Highway 281 – was struck by lightning. The photo of the fire was taken shortly after firefighters arrived on scene.
Firefighters from three stations responded to the fire.
The firefighters cooled the perimeter to prevent the surrounding grassland from igniting. Once the fire had burned down to an extinguishable level they applied a blanket of foam to the battery.
Firefighters remained on scene for two hours.
Gary and Lori sat down with Diem T. Tran of Berg Injury Lawyers to talk about how to handle an auto accident the right way. It's important that you understand how the auto insurance process works and what to do first in the event of an accident. Berg Injury Lawyers can help guide you through the process.
Is Doo Choi fighting on UFC korea?
Discussion in 'UFC Discussion' started by rl4090526, Aug 28, 2015.
Whats up with this kid any news?
Choi was supposed to fight on the Mir/Duffee card in mid July but had to drop out just before it due to broken ribs. Who knows if he will be ready by then.
Really hope so, he's one of my favourite prospects, and he needs to get some more wins under his belt, before he is taken hostage by the military.
Last thread I saw about him just this week, he wants to fight Kawajiri in Korea but he doubt UFC will give him a top 13 fight that fast. He wants to fight in Korea and he said he's ready to come back.
a better question is is Hamderlei Silva fighting on the korean card. Or will all girl fighters except the stars continue to be non existent.
Verbal Agreement to fight in Korea has been confirmed via Korean MMA News, but not even a rumor about the opponent. Yui Chul Nam has been confirmed as well. Hamderlei is not well and is recovering from injury but she says she might be able to compete as she doesn't cut much weight and therefore less time to prepare.
Urbana, Illinois(CNN) Former President Barack Obama offered his most pointed critique to date of President Donald Trump, delivering a lengthy and direct indictment Friday of the last two years in American politics by arguing the President is "capitalizing on resentment that politicians have been fanning for years."
The speech before more than a thousand students at the University of Illinois-Urbana Champaign was a preview of the message Obama will carry into the midterm elections. But it also represented the former President's most comprehensive condemnation of Republicans in Washington and the first time he has publicly criticized Trump by name in a speech.
"You happen to be coming of age" amid backlash to progress, Obama told the students. "It did not start with Donald Trump, he is a symptom, not the cause. He is just capitalizing on resentment that politicians have been fanning for years. A fear, an anger that is rooted in our past but is also borne in our enormous upheavals that have taken place in your brief lifetimes."
Obama spent a sizable portion of his remarks criticizing Republicans in Congress, saying "the politics of resentment and paranoia has unfortunately found a home in the Republican Party" over the last few decades and argued that the policies GOP leaders are pursuing aren't conservative.
The Republican National Committee responded to Obama's criticism by saying "President Obama stepped back into the spotlight to make the case that our country is on the wrong track."
"2016 is over, but President Obama is still dismissing the millions of voters across the country who rejected a continuation of his policies in favor of President Trump's plan for historic tax cuts, new jobs and economic growth," RNC spokesperson Ellie Hockenbury said in a statement. "Democrats may have a new resistor-in-chief on the campaign trail, but they'll need more than a message of resist and obstruct to win this November."
Trump responded to Obama's speech by telling a crowd in North Dakota "I watched it, but I fell asleep. I've found he's very good for sleeping."
While Obama only mentioned Trump by name twice in the speech, it was clear that the remarks were aimed squarely at the man he handed power to in 2017.
"It shouldn't be Democratic or Republican to say that we don't target groups of people because of what they look like or how they pray. ... We are supposed to stand up to discrimination and we are sure as heck to stand up clearly and unequivocally to Nazi sympathizers," Obama said, an apparent rebuke of Trump telling reporters after the deadly white supremacist protests in Charlottesville, Virginia that there was good "fine people on both sides."
"How hard can that be, saying that Nazis are bad?" Obama said.
And he slammed Trump for his treatment of the Department of Justice and FBI.
"It should not be Democratic or Republican, it should not be partisan to say that we don't pressure the Department of Justice or the FBI to use the criminal justice system as a cudgel to punish our political opponents," he said. "Or to explicitly call for the attorney general to protect members of own party from prosecution because elections happen to be coming up. I am not making that up. That is not hypothetical."
Trump blasted his Attorney General Jeff Sessions earlier this week, lamenting the separate indictments of two GOP lawmakers who were his earliest supporters in Congress during the 2016 election, suggesting they should not have been charged because they are Republicans.
At one point, a seemingly exasperated Obama openly questioned what happened with the Republican Party, noting that one of their early organizing principles was standing up to communism.
"What happened to the Republican Party?" he said. "Its central organizing principle in foreign policy was the fight against communism and now they are cozying up to the former head of the KGB, actively blocking legislation that would defend our elections from Russia attack. What happened?"
He added: "I don't mean to pretend I am channeling Abraham Lincoln, but that is not what he had in mind, I think, when he helped form the Republican Party. It is not conservative, it sure isn't normal. It is radical. It is a vision that says the protection of our power and those that back us is all the matters even when it hurts the country."
The remarks, Obama said, were not meant to depress the young voters in the audience, but instead inspire them to understand that their voice matters.
"Don't tell me your vote doesn't matter," he said, referring to voting as the "antidote" to all that ails Washington. "And if you thought elections don't matter, I hope these last two years have corrected the impression."
The speech ended Obama's lengthy reprieve from political public life, one that has annoyed some Democrats who believed he was sitting on on a what they call a generational fight against Trump. Obama joked at the outset of the speech that he needed time away to stay married to his wife, Michelle Obama, and to spend time with his daughters. But his decision to step back into the political fray also comes at a time when Democrats, through the midterm elections, could deliver their most potent referendum on Trump to date.
Obama viewed the speech as arguably his most important of the year, his aides said, and was editing the remarks up until he touched down in Illinois.
Obama will soon take the remarks on the road, too. On Saturday, he will headline a rally for a handful of Democratic congressional candidates in California and next Thursday an event for Richard Cordray, the Democratic gubernatorial candidate in Ohio.
Obama is also planning campaign trips to Pennsylvania in September, an Obama official said, as well as a New York fundraiser for the National Democratic Redistricting Committee, an organization led by former Attorney General Eric Holder, Obama's longtime friend.
Trump has not honored that tradition and has shown little to no regard for his predecessors, regularly bashing them on Twitter, to the media and at rallies. And the two have not talked since the inauguration in 2017, sources told CNN.
Obama's remarks represented that nonexistent relationship and while he focused some of his ire on Democrats -- arguing that the party cannot embrace the tactics of Trump as a way to get back at him -- Obama's speech seethed with his view that the Trump administration is not the new normal.
"And by the way the idea that everything will turn out OK because there are people inside the White House who secretly aren't following the President's orders," Obama said of the anonymous op-ed in The New York Times this week, published by a Senior Administration Official. "That is not a check. I am being serious here. That is not how our democracy is supposed to work."
Democrats, especially those in the room, welcomed Obama's decision to step back into the fray. The speech in the university's 1,300-person auditorium has seen sizable interest from the school's student body, according to university spokesman Jon Davis, who said they had received around 22,000 requests for tickets from students.
But Republicans also said they were eager to see Obama back in the news, arguing he is the best weapon they have to motivate their base.
But Obama showed on Friday that he has a potent critique for those Republicans: Mocking them for ignoring the principles they touted during his presidency.
"Suddenly deficits do not matter, even though two years ago, when the deficit was lower, they said I couldn't afford to help working families or seniors on Medicare because the deficit was an existential crisis," he said. "What changed? What changed?"
And on jobs, he sought to remind those in the room - but more directly Republicans back in Washington - that his last two years were times of economic growth.
"I mention all of this because when you hear how great the economy is doing right now, let's just remember when this recovery started," he said, subtly knocking Trump, a president who often cites jobs numbers. "I am glad it has continued but when you hear about his economic miracle that has been going on, when the job number comes out, monthly job numbers and suddenly Republicans say it is a miracle, I have to kind of remind them, actually those job numbers were the same they were in 2015, in 2016. Anyway, I digress."
Obama has spent much of 2018 away from the political fray, focusing on writing his book and raising money for his post-presidency foundation.
And he never said Trump's name during his fundraising speech for the DNC and instead urged Democrats to stop "moping" and get to work for candidates.
That speech looked to be more inspiring, and that is exactly what Obama tried to do at the close of his remarks on Friday.
"You can be the generation that at a critical moment, stood up and reminded us just how precious this experiment in democracy really is, just how powerful it can be when we fight for it, when we believe in it," he said. "I believe in you. I believe you will help lead us in the right direction and I will be right there with you every step of the way."
CNN's Jeff Zeleny and Allie Malloy contributed to this report.
President Donald Trump said Tuesday he is not backing down on an executive order halting travel from seven Muslim-majority countries, vowing to fight legal challenges to his most divisive action so far as president all the way through the courts.
A federal appeals court in San Francisco will hear arguments Tuesday over whether the United States should restore the order. Federal Judge James Robart, who serves in the state of Washington, previously suspended it, prompting personal attacks from Trump.
Trump suggested that his administration will keep pressing the fight if the appeal fails.
"We're going to take it through the system," Trump told reporters at the White House. "It's very important, it's very important for the country regardless of me or whoever succeeds at a later date. We have to have security in our country."
Asked if he thinks the case will go to the Supreme Court, Trump said "we will see." He added that "hopefully, it doesn't have to."
Trump's order signed late last month sparked confusion at airports and protests around the country. Key leaders in corporate America also slammed the move. On Monday, 97 companies filed an amicus brief with the appeals court, saying Trump's move inflicts "substantial harm."
Justice Department lawyers will argue the case against opposing attorneys from the states of Minnesota and Washington. The appeals court will focus on whether the lower court had the grounds to suspend the order, not the legality of issuing the order itself.
Trump's order temporarily barred travelers from seven Muslim-majority countries with visas from entering the United States amid what the White House called a need to vet immigrants properly to prevent terrorism. It also temporarily halted refugee admissions and barred Syrian refugees indefinitely.
The White House has defended it as necessary to properly vet people who could attempt terrorist attacks on American soil. Trump on Tuesday urged courts to "act fast" and has repeatedly contended that people are "pouring in" because of the judge's action, without evidence to back that claim.
On February 1st, Lionsgate will be releasing new versions of two of the tribute features in the SNL Best Of series. The features chosen to be revamped are John Belushi (SNL veteran '75-'79) and Chris Farley (SNL veteran '90-'95). I was relieved to find out these discs would be a revision rather than a brand new second Best Of video for the two, since most of their culturally relevant and groundbreaking work is included in the original series. Luckily for audiences, the new versions will include the old stuff, along with some newly added material.
The Best Of sets will feature 25 minutes of added skits, including “Samurai Hotel” with Richard Pryor for the John Belushi release and “Schmitt’s Gay” and “Weekend Update/Bennet Brauer” in the Chris Farley camp. The biggest overall change will be in DVD cover design, though. The new art is sleeker and lighter than the darkened cityscapes adorning the older boxes. Perhaps it’s fitting that Belushi and Farley be the first of the Not Ready for Prime Time Players to be seen in a new light.
Mid-cap growth has been a potent combination this year as confirmed by numerous exchange traded funds in this category outperforming standard mid-cap funds.
Add the Invesco Russell MidCap Pure Growth ETF (NYSE: PXMG) to that list.
After hitting an all-time high on Thursday, the Invesco Russell MidCap Pure Growth ETF is up 29.7 percent year to date, meaning it's beating the S&P MidCap 400 Index by 1,200 basis points since the start of the year.
PXMG, which turned 14 years old last month, tracks the Russell Midcap Pure Growth Index. That benchmark differs from the Russell MidCap Growth Index as highlighted by the fact that PXMG is beating the Russell MidCap Growth Index by 670 basis points this year.
PXMG's underlying index pulls stocks with strong growth traits from the Russell Midcap Index and ranks those stocks using a style score. The $595.6 million funds has a four-star rating from Morningstar and has displayed dominant performance against comparable peers.
Over the past three years, PXMG is up 105.3 percent, meaning it has more than doubled the returns of the S&P MidCap 400 and the S&P MidCap 400 Growth benchmarks over that time. Over the same period, the Russell MidCap Growth Index is up “just” 58.3 percent. During that span, PXMG was an average of 340 basis points more volatile than those three mid-cap benchmarks, indicating the Invesco fund delivered superior risk-adjusted returns.
That performance has elevated the average market capitalization of PXMG's 95 holdings to $15.32 billion, putting the fund in large-cap territory.