Sam Hendel, Levin Easterly Partners President, joins The Final Round to discuss what he thinks of the market and how it will price in worries of stimulus and the November election.
Sam Hendel, Levin Easterly Partners President, joins The Final Round to discuss what he thinks of the market and how it will price in worries of stimulus and the November election.
Save on DJI deals at the Black Friday 2020 sale, together with all the best DJI Spark & Mavic (Mini, 2 Pro, Air) and Osmo discounts
SAN FRANCISCO — Some California counties are pushing ahead with plans to wind down a program that's moved homeless people into hotel rooms amid the coronavirus pandemic, despite an emergency cash infusion from the state aimed at preventing people from returning to the streets in colder weather as the virus surges. Gov. Gavin Newsom recently announced $62 million for counties to move hotel guests into permanent housing or to extend hotel leases that were part of “Project Roomkey," which he rolled out this spring as a way to protect some people experiencing homelessness from the virus. The Federal Emergency Management Agency agreed to pick up 75% of the cost. But counties say that with some federal relief funding expiring soon or its status uncertain, it's time to transition residents from expensive hotel rooms to cheaper, more stable housing. Officials hope to offer a place to every resident leaving a hotel, though they acknowledge not everyone will accept it and affordable housing is difficult to find. California is one of several states, including Washington, that turned to hotels to shelter homeless people as the virus took hold. Homelessness has soared nationwide during the pandemic, and it was already at a crisis level in California because of an expensive housing market and a shortage of affordable options. The nation's most populated state has by far the highest number of people on the streets, though other places have a higher per capita rate. In San Francisco, advocacy groups and some officials are outraged by the mayor's plan to start moving hundreds of people out of hotels around the holidays. They say it’s ridiculous when thousands of people are still sleeping on sidewalks and in cars, and they don't believe the city can find enough virus-safe housing for 2,300 people living in more than two dozen hotels. “It makes absolute zero sense. It is outrageous, it’s irresponsible, and it basically tells people experiencing homelessness that you’re not a priority for the city,” Supervisor Hillary Ronen said as she and other leaders announced proposed legislation to slow the move and ensure every resident is offered alternative housing. The Department of Homelessness and Supportive Housing said in a statement that money from the state will provide “more flexibility and time” but would not say if San Francisco had changed its timeline. The department has said it plans to move homeless people out of all 29 hotels by June. “We will continue to work with city staff and our service providers to deliver on our commitment to get people housed and ensure no one in our hotels gets moved back on the streets," the statement said. An estimated 150,000 people experiencing homelessness live in California, and there are signs that number will only increase with an economy ravaged by the pandemic. Newsom has awarded $800 million to cities and counties to buy hotels and other properties to convert into housing, saying he didn't want to squander an opportunity to get more people indoors. Russ Heimerich, spokesman with the state's Business, Consumer Services and Housing Agency, says counties have resources to continue housing homeless people in hotels. He said while the federal government's coronavirus relief funding is ending in December, the 75% reimbursement from FEMA is not going away anytime soon. At times, connecting homeless people to shelter, work, medical care and social services boils down to finding them in time, and the hotels have been a huge help, advocates say. They say hotel residents have flourished with regular checkups and meals. “If this were to be taken away from us at this time, it really would be like having a carpet pulled out from under us in a really major way,” said hotel resident Nicholas Garrett, who appeared with the San Francisco supervisors. Dr. Danielle Alkov spoke of one of her patients, a transgender woman who has blossomed after being brought indoors. But her hotel is scheduled to be among the first to close. “She’s thriving, she’s engaged in medical care, she’s very future-thinking for probably the first time in a long time, thinking about her career goals, her educational goals,” Alkov said. “The idea of her not having a stable place to go, and losing all the progress that she’s made, would be devastating.” In Los Angeles, the Homeless Services Authority said nearly 600 people have moved out of hotel rooms and into interim housing, with 62 others in permanent housing. About 3,400 people remain in hotel rooms, and while the agency has received funding from the city to extend leases at several hotels, it will keep moving people into other housing, spokesman Christopher Yee said. Alameda County, which includes Oakland, hopes to use state money for rental subsidies and to extend leases on hotel rooms but will continue with plans to close five of nine hotels between December and February. Over 1,000 people are in hotels there. It's much more cost-effective to use the money “for permanent housing with leases than to continue the hotel program indefinitely," said Kerry Abbott, director of the county’s Office of Homeless Care and Coordination. And while some people have chosen to return to a shelter, “our goal is to make sure everyone has a housing offer. Most people will take a housing offer." The hotels won't go away entirely. Abbott said the county plans to operate a 98-room quarantine and isolation hotel for six months next year and keep an additional 240 hotel rooms open through 2021 for residents who require the extra care. By year's end, Sacramento County plans to close trailers housing 46 people either recovering from the virus or awaiting test results. But county spokeswoman Janna Haynes said shelter hotels will stay open through early next year and nobody will be forced to leave without a place to go. Even though the program is ending, Abbott, of Alameda County, says people have benefited deeply, with some able to start addressing issues that have kept them out of stable housing. “Many people have been inside for the first time in a decade or longer, and have stayed inside, and have benefited from a place to stay, the services and the food and even the community our providers have put in place," she said. Janie Har, The Associated Press
Hyderabad (Telangana) [India], November 26 (ANI): A day after a BJP leader said that they would conduct a "surgical strike" on the old city of Hyderabad to "weed out infiltrators" if the party wins Greater Hyderabad Municipal Corporation (GHMC) election, All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Assaduddin Owaisi on Wednesday said that if Pakistanis are there, then Prime Minister Narendra Modi and Home Minister Amit Shah are responsible.
Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In JOYY To Contact Him Directly To Discuss Their Options New York, New York--(Newsfile Corp. - November 25, 2020) - If you suffered losses exceeding $50,000 investing in JOYY stock or options between April 28, 2016 and November 18, 2020 and would like to discuss your legal rights, click here: www.faruqilaw.com/YY or call Faruqi & Faruqi partner James Wilson directly at 877-247-4292 or ...
WASHINGTON — President Donald Trump pardoned his former national security adviser Michael Flynn on Wednesday, ending a yearslong prosecution in the Russia investigation that saw Flynn twice plead guilty to lying to the FBI and then reverse himself before the Justice Department stepped in to dismiss his case. “It is my Great Honor to announce that General Michael T. Flynn has been granted a Full Pardon," Trump tweeted. “Congratulations to @GenFlynn and his wonderful family, I know you will now have a truly fantastic Thanksgiving!” The pardon, coming in the waning weeks of Trump's single term, is part of a broader effort by the president to undo the results of a Russia investigation that shadowed his administration and yielded criminal charges against a half dozen associates. It comes just months after the president commuted the sentence of another associate, Roger Stone, days before he was to report to prison. A Justice Department official said the department was not consulted on the pardon and learned Wednesday of the plan. But the official, who spoke on condition on anonymity to discuss internal deliberations, noted that the president has the legal power to pardon Flynn. The move is likely to energize supporters who have taken up Flynn as a cause celebre and rallied around the retired Army lieutenant general as the victim of what they assert is an unfair prosecution, even though Flynn twice admitted guilt. Trump has repeatedly spoken warmly about Flynn and, in an indication of his personal interest in his fate, asked then-FBI Director James Comey in February 2017 to end a criminal investigation into the national security adviser. In a statement, Flynn’s family thanked Trump “for answering our prayers and the prayers of a nation” by issuing the pardon. Democrats lambasted the pardon as undeserved and unprincipled. House Speaker Nancy Pelosi called it “an act of grave corruption and a brazen abuse of power," while Rep. Adam Schiff, the Democratic chair of the House Intelligence Committee, said a “pardon by Trump does not erase” the truth of Flynn's guilty plea, “no matter how Trump and his allies try to suggest otherwise.” “The President’s enablers have constructed an elaborate narrative in which Trump and Flynn are victims and the Constitution is subject to the whims of the president," House Judiciary Committee Chair Jerry Nadler said in a statement. “Americans soundly rejected this nonsense when they voted out President Trump. ” The pardon is the final step in a case defined by twists and turns. The most dramatic came in May when the Justice Department abruptly moved to dismiss the case, insisting that Flynn should not have been interviewed by the FBI in the first place, only to have U.S. District Justice Emmet Sullivan resist the request and appoint a former judge to argue against the federal government's position and to evaluate whether Flynn should be held in criminal contempt for perjury. That former judge, John Gleeson, called the Justice Department's dismissal request an abuse of power and said its grounds for dropping the case were ever-evolving and “patently pretextual.” As Sullivan declined to immediately dismiss the prosecution, Flynn lawyer Sidney Powell sought to bypass the judge by asking a federal appeals court to direct him to drop the matter. A three-judge panel did exactly that, but the full court overturned that decision and sent case back to Sullivan. At a hearing in September, Powell told Sullivan that she had discussed Flynn's case with Trump but also said she did not want a pardon — presumably because she wanted him to be vindicated in the courts. Powell emerged separately in recent weeks as a public face of the Trump's efforts to overturn the results of his election loss to President-elect Joe Biden, but the Trump legal team distanced itself from her after she advanced a series of uncorroborated conspiracy claims. The pardon spares Flynn the possibility of any prison sentence, which Sullivan could potentially have imposed had he ultimately rejected the Justice Department's dismissal request. That request was made after a review of the case by a federal prosecutor from St. Louis who had been specially appointed by Attorney General William Barr. At issue in the prosecution was an FBI interview of Flynn, days after Trump's inauguration, about a conversation he had during the presidential transition period with the then-Russian ambassador. Flynn acknowledged lying during that interview by saying he had not discussed with the diplomat, Sergey Kislyak, sanctions that had just been imposed on Russia for election interference by the outgoing Obama administration. During that conversation, Flynn urged Kislyak for Russia to be “even-keeled” in response to the punitive measures, and assured him “we can have a better conversation” about relations between the countries after Trump became president. The conversation alarmed the FBI, which at the time was investigating whether the Trump campaign and Russia had co-ordinated to sway the election. In addition, White House officials were stating publicly that Flynn and Kislyak had not discussed sanctions, which the FBI knew was untrue. Flynn was ousted from his position in February 2017 after news broke that Obama administration officials had warned the White House that Flynn had indeed discussed sanctions with Kislyak and was vulnerable to being blackmailed. He pleaded guilty months later to a false statement charge. But last May, after years of defending the prosecution, the Justice Department abruptly reversed its position. It asserted the FBI had no basis to interview Flynn about Kislyak and that any statements he made during the interview were not material to the FBI's broader counterintelligence probe. The department also pointed to internal FBI notes showing agents had planned to close out the investigation weeks before interviewing Kislyak. Flynn, of Middletown, Rhode Island, was among the first people charged in Mueller's investigation and provided such extensive co-operation that prosecutors did not recommend any prison time, leaving open the possibility of probation. But the morning he was to have been sentenced, after a stern rebuke about his behaviour from Sullivan, Flynn asked for the hearing to be cut short so that he could continue co-operating and earn credit toward a more lenient sentence. After that, he hired new attorneys — including Powell, a conservative commentator and outspoken critic of Mueller's investigation — who took a far more confrontational stance to the government and had tried to withdraw his guilty plea. Eric Tucker, The Associated Press
Jose Manuel Mireles, one of leaders of a civilian militia formed in 2013 to fight a drug cartel in western Mexico, died Wednesday, a government health agency confirmed. Mireles was a physician who worked for the federal Institute for Social Security and Services for State Workers. Leaders like Mireles and Hipolito Mora organized people in the western state of Michoacan to fight the Knights Templar drug cartel.
NEW YORK, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Las Vegas Sands Corp. (NYSE: LVS) between February 27, 2016 and September 15, 2020, inclusive (the “Class Period”), of the important December 21, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Las Vegas Sands investors under the federal securities laws. To join the Las Vegas Sands class action, go to http://www.rosenlegal.com/cases-register-1948.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action.According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Marina Bay Sands, a Las Vegas Sands resort in Singapore, casino’s control measures pertaining to fund transfers had weaknesses; (2) the Marina Bay Sands’ casino was consequently prone to illicit fund transfers that implicated, among other issues, the transfer of customer funds to unauthorized persons and potential breaches in the Company’s anti-money laundering procedures; (3) the foregoing foreseeably increased the risk of litigation against the Company, as well as investigation and increased oversight by regulatory authorities; (4) Las Vegas Sands had inadequate disclosure controls and procedures; (5) consequently, all the foregoing issues were untimely disclosed; and (6) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 21, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1948.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.Contact Information:Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 email@example.com firstname.lastname@example.org email@example.com www.rosenlegal.com
Sue Bird, LeBron James and many others made 2020 a little more joyful.
A New Brunswick business owner is accusing a Public Safety officer of being overzealous and intimidating in enforcing COVID-19 rules.Nicola Matheson, who owns Nikki's Island Convenience on Campobello Island, captured footage that appears to show a peace officer removing his mask while inspecting her store.Masks are mandatory in all indoor public spaces in the province.Matheson said the visit Monday started out with the peace officer telling her how "wonderful" her store is.There is a hand-sanitizing station outside the store, masks for people who need them and signs posted, said Matheson."We followed all the protocols," she said.$291 fineThe store is also offering free deliveries and has built a drive-thru window to help customers feel safe."We're going above and beyond."But then the peace officer proceeded to tell her he had some "bad news.""He said, 'Well, I gave out so many warnings in St. Stephen,' or wherever it was the day before, he had given out so many warnings that his boss had came down on him. So today, instead of a warning, I was getting a violation fine."She was fined $291 for not having a hard copy of the store's COVID-19 operational plan to show the peace officer.Matheson said she was unaware of the requirement and argues she's not alone, based on the number of warnings and fines issued to other businesses in recent days, and the number of owners she's heard from since she posted about her experience on Facebook.She was incredulous and said the situation quickly "turned very hostile.""You're giving me a $300 fine because I didn't have a piece of paper, but I followed everything else that actually affects the safety of people?"If it wasn't for our store and one other store on the island, 800 Campobello residents would have to travel through the [United] States to go get their groceries, which is even more risky," she said.Matheson offered to fill out the paperwork on the spot but said she was told, "Too bad, you're getting a fine."Matheson alleges she was threatened to be arrestedBy this time, her husband was getting "a little huffy," and the peace officer threatened to remove him from the store, according to Matheson.The peace officer then demanded to see her identification, and when she failed to produce any, he said he was detaining her.If she left the store, he told her she would be placed under arrest, she said."Meanwhile, during this whole time, he's taking his mask, pulling it down over his nose … And my husband said, 'Put your mask on. I'm more scared of you doing that than this paper that you're worried about [not being] under my counter.'"New Brunswick's chief medical officer of health has advised everyone to act as if they have COVID-19. Some people with COVID-19 are asymptomatic and people can be infectious without knowing they have the respiratory disease.Matheson said her husband asked the peace officer to step a metre back, but he did not.The encounter ended shortly after she pointed out to the peace officer that his actions were captured on the store's security video.He issued her the citation, she signed it and said, "I'll see you in court."Typically, a warning firstThe president and CEO of WorkSafeNB told CBC News that businesses typically get a warning first. But if problems continue or pose a serious risk, a business could be fined or shut down, Doug Jones said.Matheson said she's never had any other COVID-19 infractions. "I've never had more than a speeding ticket in my entire life.""We're doing everything we can and then to be given a slap in the face like that by someone who's not even following the rules himself," she said, her thoughts trailing."I'm just thankful that we have it on video because I'm sure it would be denied."Matheson included in her Facebook post some still images from the video, which appear to show the peace officer with his mask under his chin. The post has been shared nearly 700 times and garnered more than 400 comments, including offers by members of the community to help pay the fine.Matheson isn't the only business owner speaking out about a negative experience with enforcement officers.'It's intimidating to the customers'Liz Fulton, who owns two Pub Down Under locations in Saint John, as well as Callie's, hopes to see changes in the approach to inspections."It's pretty intimidating when you get six to 10 guys coming into one location and some of them dressed in combat gear," she said. "It's intimidating to the customers and the staff."Fulton questions whether that many officers are needed.She said she realizes they have a whole province to protect. But "maybe they need to take a step back and look at the other side of things as well."Complaint being investigatedCBC News requested an interview with the Department of Public Safety on Wednesday, but instead received a three-sentence emailed statement from spokesperson Geoffrey Downey."Justice and Public Safety enforcement officers work to ensure the health and wellbeing of all New Brunswickers, which includes enforcing the Emergency Measures Act," said Downey."We are aware of the complaint and it is being investigated," he said.Complaints can be sent in writing to firstname.lastname@example.org, he added.> If you're going to enforce the rules, you probably should be following them yourself. \- Nicola Matheson, onwer of Nikki's Island ConveniencePublic Safety officials contacted Matheson on Wednesday and she is "very hopeful" a resolution can be reached before her court date, Jan. 12.She hopes to see her fine waived and more respect shown in the future to business owners that are struggling to adhere to the rules and to survive COVID-19.As for the peace officer? Matheson contends his behaviour warrants "more than a slap on the wrist.""I think he is abusing his power and whatever they have to do to make sure he can't treat anyone else like this. … Maybe he should have to go through some heavy duty retraining.""If you're going to enforce the rules, you probably should be following them yourself."
Asian shares dipped slightly on Thursday as the hot run up in global markets took a breather, with investors switching their focus from vaccine hopes to disappointing U.S. jobs data and new COVID-19 lockdowns. Traders turned to riskier assets, including some funded in other currencies, following positive news about COVID-19 vaccines and a seemingly normal U.S. transition of power earlier this week.
Black Friday sales experts are listing the best Google Pixel deals for Black Friday 2020, including sales on Pixel 4 XL and 5Black Friday Google Pixel phone deals for 2020 are finally live. Compare the best offers on Pixel 5, 4a 5G, 3 & more. Check out the latest deals using the links below.Best Google Pixel Deals: * Save up to 70% off on the latest Google Pixel smartphones at ATT.com \- Black Friday deals are here! Get the Pixel 5 from $10/mo. & Pixel 4a from $5/mo. with trade-in * Save up to 50% off on Google Pixel 5 & more top-rated Pixel smartphones at Verizon.com - see full offer details on Verizon.com * Save $50 on prepaid (no contract) Google Pixel 4a & Pixel 4 smartphones at Verizon.com \- follow the link and get $50 off with code HOLIDAY50 * Save up to $230 on unlocked Google Pixel cell phones at Amazon \- check the latest deals on the unlocked Pixel 4, Pixel 3 & Pixel 3a models * Save up to $50 on Google Pixel 3a, 3a XL, 4 and 4 XL phones at Walmart \- click on the link for the live prices on Google Pixel Series including 3a, 3a XL, 4 and 4 XL models * Save on a wide range of unlocked Google Pixel smartphones at Amazon - check the hottest deals on Google Pixel smartphones including 2/ 3a/ 4/ 4a/ 5 model * Save on Google Pixel 3 smartphones at Walmart \- see the hottest deals on Google Pixel 3 phones including the Pixel 3a, 3a XL, and 3 XL * Save up to 56% on Google Pixel 3 at Amazon - choose deals for locked and unlocked Google Pixel 3, 3a, and 3XL models with 64 GB memory * Save up to 58% off on the Google Pixel 5 at ATT.com\- Black Friday deals are here! Get the Pixel 5 for as little as $15/mo. Or $10/mo. with trade-in * Save up to $350 on the Google Pixel 5 at Verizon.com \- check out the latest deals on the Google Pixel 5 smartphone * Save up to 70% off on the Google Pixel Pixel 4a (5G) at ATT.com \- Black Friday deals are here! Get the Pixel 4a for as little as $10/mo. Or $5/mo. with trade-in * Get the Google Pixel 4a for free or the Pixel 4a (5G) for only $5 a month at Verizon.com \- check the latest deals on Pixel 4a smartphones at Verizon. New line required for free device. * Save $50 on prepaid (no contract) Google Pixel 4a & Pixel 4 at Verizon.com \- follow the link and get $50 off with code HOLIDAY50 * Save up to $231 on Google Pixel 4 smartphones at Amazon - check deals for new unlocked and locked Google Pixel 4 with 64 GB and 128 GB memory options * Save up to 48% on Google Pixel 3 smartphones & accessories at Walmart \- Click the link for live prices on the Google Pixel 3 & accessories including cases & more * Save up to 56% on Google Pixel 3, 3a & 3 XL smartphones at Amazon \- check out the latest savings on Pixel 3, 3a & 3XL unlocked models * Save up to 50% on Google Pixel 3a smartphones at Walmart \- featuring a 5.6-inch full HD touchscreen display, a 12MP camera & 3000mAh battery Interested in more deals? Click here to access the full range of active deals at Walmart’s Black Friday Deals for Days sales event and click here to check out Amazon’s live Black Friday deals. Consumer Walk earns commissions from purchases made using the links provided.About Consumer Walk: Consumer Walk reports the latest online retail news. As an Amazon Associate and affiliate Consumer Walk earns from qualifying purchases.Contact: Andy Mathews (email@example.com)
WASHINGTON — As the ravages of the novel coronavirus forced millions of people out of work, shuttered businesses and shrank the value of retirement accounts, the Dow Jones Industrial Average plunged to a three-year low. But for Sen. David Perdue, a Georgia Republican, the crisis last March signalled something else: a stock buying opportunity. And for the second time in less than two months, Perdue's timing was impeccable. He avoided a sharp loss and reaped a stunning gain by selling and then buying the same stock: Cardlytics, an Atlanta-based financial technology company on whose board of directors he once served. On Jan. 23, as word spread through Congress that the coronavirus posed a major economic and public health threat, Perdue sold off $1 million to $5 million in Cardlytics stock at $86 a share, according to congressional disclosures. Weeks later, in March, after the company’s stock plunged following an unexpected leadership shakeup and lower-than-forecast earnings, Perdue bought the stock back for $30 a share, investing between $200,000 and $500,000. Those shares have now quadrupled in value, closing at $121 a share on Tuesday. The Cardlytics transactions were just a slice of a large number of investment decisions made in the early days of the pandemic by Perdue and other senators. They stirred public outrage after it became clear that some members of Congress had been briefed on the economic and health threat the virus posed. The transactions were mentioned briefly in a story published by the Intercept in May. Now that Perdue is locked in a pitched battle for reelection in a Jan. 5 runoff, his trades during a public health and economic crisis have become an issue in what already has become a negative, expensive campaign that will determine which party controls the Senate. There is no definitive proof that Perdue, who is among the wealthier members of the Senate, acted on information gained as a member of Congress or through his long-standing relationship with company officials. It's illegal to use nonpublic information gained as a company insider or member of Congress to make investment decisions. But legal experts say the timing of his sale, the fact that he quickly bought Cardlytics stock back when it had lost two-thirds of its market value and his close ties to company officials all warrant scrutiny. “This does seem suspicious,” said John C. Coffee Jr., a Columbia University law school professor who specializes in corporate and securities issues. But he added, “You need more than suspicions to convict.” The Perdue campaign declined a request for an interview with the senator. In a statement, Perdue spokesperson John Burke said the senator had been cleared of wrongdoing but did not provide details. “The bi-partisan Senate Ethics Committee, DOJ and SEC all independently and swiftly cleared Senator Perdue months ago, which was reported on," Burke said. Perdue's opponent, Democrat Jon Ossoff, has seized on his stock trading while trying to brand him as a “crook.” Perdue is not the only senator on the ballot in Georgia. Sen. Kelly Loeffler, also a Republican, is running against Democrat Raphael Warnock in a bid to complete the remainder of retired Sen. Johnny Isakson's term. Perdue's Cardlytics transactions fit into a broader pattern of stock moves he made when the coronavirus first struck the U.S. At the time, Perdue publicly maintained that the economy was strong and praised President Donald Trump during a Feb. 24 interview on Fox News Channel for “executing the greatest economic turnaround in U.S. history.” A series of swift transactions in his portfolio told a different story, however, showing the senator dumped some company stocks, while investing in others — like protective equipment maker DuPont and pharmaceutical company Pfizer — that were poised to do well during the pandemic. Perdue has previously said that outside financial advisers make most of his trades. But Donna Nagy, an Indiana University law professor, said that type of arrangement doesn’t preclude Perdue from directing an adviser to make specific transactions. She said one way for members of Congress to avoid questions about their financial holdings is to put them in a blind trust, which Perdue has not done. “All of these questions about the motivations behind our members of Congress and their personal securities trading could be alleviated if Congress passed a law that limited investments,” said Nagy, who specializes in securities law. “Ordinary citizens should not have to question members of Congress about their investments.” The issue was enough of a liability that Perdue abruptly sold off between $3.2 million and $9.4 million of his stock portfolio over a four-day period in mid-April, according to an Associated Press review of mandatory financial disclosures he has submitted to the Senate. He did not sell his stock in Cardlytics. Still, Perdue has largely avoided the same degree of scrutiny faced by some of his colleagues. Republican Sen. Richard Burr of North Carolina drew the most attention and stepped down as Senate Intelligence Committee chair amid a probe of his sale of upward of $1.7 million in stock, which came when he was privately warning some well-heeled constituents about the virus while publicly downplaying the threat. Cardlytics works at the intersection of banking and online marketing. It helps run rewards programs for financial institutions, including Wells Fargo, using data the banks have gathered on their customers to market to them — similar to what Facebook does with targeted ads. The company did not respond to a request for comment. After the March turmoil, its share price dramatically rebounded. Lynne Laube, Cardlytics' current CEO, said the pandemic had a lot to do with it, driving consumer interest in savings programs. “I hate to say this pandemic is playing in our favour, but it’s playing in our favour,” she said during an earnings call in May. Perdue acquired 75,000 shares in Cardlytics through stock options offered for his service on the company’s board from 2010 to 2014, when he stepped down after winning his Senate seat, Securities and Exchange Commission filings show. The company, which at the time had not yet gone public, also offered him options that would become available in October 2020 and January 2022. Perdue's latest financial disclosures do not indicate whether he has exercised the options that became available in October. But according to Coffee, the Columbia University law professor, it's an unusual move by the company. “I’ve never seen options extended from 2014 to 2022," he said. "That’s a very long extension." While Perdue left the company's board, he has maintained ties to some of its executives, who have donated more than $30,000 to his political committees. Donations made to Perdue account for nearly 80% of all giving to federal candidates by Cardlytics employees over the past decade, records show. Perdue, meanwhile, has used social media to publicize the company. In August 2016, he took a tour of its office and posed for a photo with Laube and then-CEO Scott Grimes, which he posted to Facebook. In fall 2019, he introduced Laube and Grimes at a gala in Atlanta, where they received a business achievement award. Isakson, who served with Perdue, took steps to avoid the type of scrutiny Perdue is now facing. Isakson, a Republican, put most of his own holdings in a blind trust after some of his assets drew unwanted attention in 2012. “I said I need to be as patently pure and patently clean as anybody, and the best way to do that is a blind trust,” Isakson, who served on the Senate’s finance and ethics committees, told the Atlanta Journal Constitution in 2017. “I don’t know what I own.” Brian Slodysko And Richard Lardner, The Associated Press
Police have identified a person of interest in the high-profile murders of a Canadian pharmaceutical billionaire couple. Barry Sherman, who founded generic drug manufacturer Apotex Inc, and his wife, Honey, were found dead at their Toronto mansion on December 15, 2017. Police Constable Jenifferjit Sidhu confirmed a report by the Toronto Star that a person of interest had been identified but said they had not been arrested.
TORONTO, Nov. 25, 2020 /CNW/ - Blue Pier™ is pleased to announce the launch of Canada's first real pension solution for doctors.
Authorities warned of hazardous conditions in Bozeman, Montana on November 25, after a snow shower swept through the region.Footage uploaded to Twitter shows a suburban town blanketed after a light snow shower swept through south-west Montana.The National Weather Service warned locals to use caution when travelling, as the snow fall caused slippery roads and low visibility. Credit: Whitney Bermes via Storyful
The reality announced the happy news on Wednesday
The latest Google Pixel deals for Black Friday 2020, featuring Pixel 5, 4, and 3 offers
The Semiconductor Foundry Market will grow by USD 26.47 bn during 2020-2024
Assassin’s Creed isn’t the only game getting a key update for the new consoles today, as EA pushed an update for Star Wars Squadrons. On PS5, that includes just improved visual quality and lighting, while Xbox Series X/S updates include a toggle for 120 FPS output with reduced quality, as well as support for displays with variable refresh rate and resolution that now goes up to 4K.
Fans cheered and partied in the streets of Buenos Aires, Argentina, in honour of world-cup winning soccer star Diego Maradona who was announced dead at age 60, on November 25.This video shows fans dancing and chanting the late football star’s name at the city’s Plaza de la Republica.Argentina’s president announced they would decree a three-day mourning period for Maradona, reports said.Maradona had a highly decorated career, playing over 180 games for Italian Serie A club Napoli winning two titles and making 91 appearances for Argentina, including leading the team to win the 1986 World Cup in Mexico. A spokesperson for Maradona said the star died on Wednesday of a heart attack two weeks after being released from hospital following brain surgery, according to reports. Credit: Lara Sainz Micheli via Storyful