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Assessing the media damage in 2020
  + stars: | 2020-12-02 | by ( Lucia Moses | ) + 0.00   time to read: +4 min
This week: Media's horrible year, can SPACs save digital media, and the top stories of November. "The Flight Attendant" HBO MaxHow bad was 2020 for media companies? That didn't happen, though there have been some digital media couplings — Vice and Refinery29, Group Nine Media and PopSugar. Froth over digital media companies — we've heard that before. Martin SorrellICYMIIt's been a time of turmoil for media companies and agencies as they undergo consolidation, layoffs, and leadership changes.
Persons: HBO Max, Ashley Rodriguez, Claire Atkinson, Nigel Farage, HuffPost, Jonah Peretti mused, Peter Csathy, — we've, VCs, BuzzFeed, Martin Sorrell, Martin Sorrell ICYMI It's, — Lucia Organizations: HBO, Comcast, Disney, Independence Party, Facebook, BuzzFeed, Getty, Nine Media Locations: London, United Kingdom
JAKARTA (Reuters) - Hundreds of Papuans held rallies across at least eight cities in Indonesia on Tuesday to renew calls for independence, as a separatist group declared it had established a provisional government in exile. The demonstrations marked the anniversary of West Papua declaring independence from Dutch rule in 1961, which was followed by a contentious U.N.-sanctioned referendum in 1969 that brought Papua under Indonesian control. Among more than 100 students who marched in the capital Jakarta, Papuan Roland Levy said the date remained significant decades on. The protests coincided with a declaration from the United Liberation Movement for West Papua that a provisional “government-in-waiting” had been formed, led by exiled independence figure, Benny Wenda. Britain-based Wenda said the group would push for independence and no longer “bow down to Jakarta’s illegal martial rule”.
Persons: Papuans, Roland Levy, , , Benny Wenda, Wenda, Teuku, Wenda’s Organizations: Reuters, United Liberation Movement, West, United Nations Locations: JAKARTA, Indonesia, West Papua, Papua, Indonesian, Jakarta, West, Britain, Netherlands, East Indies
LONDON (Reuters) - Scotland’s First Minister Nicola Sturgeon on Monday declined to rule out a new vote for Scottish independence next year and hinted she might go to court for permission to hold one if London tried to block it. FILE PHOTO: Scotland's First Minister Nicola Sturgeon speaks at the Scottish Parliament where she gives an update on coronavirus disease (COVID-19)-related restrictions, in Edinburgh, Scotland, Britain November 10, 2020. Elections to Scotland’s devolved parliament will take place in May, and Sturgeon’s Scottish National Party (SNP) is expected to perform strongly, which it argues would be a mandate for another independence referendum. Sturgeon said she wanted another vote “in the early part of the next term of the Scottish parliament rather than the later part”, declining to rule out a possible vote in autumn 2021. London must give permission for any plebiscite, and in remarks to BBC radio Sturgeon declined to preclude taking legal action should Johnson block another vote.
Persons: Nicola Sturgeon, Andy Buchanan, Sturgeon, “ I’m, I’m, , Boris Johnson, Johnson, Westminster, “ What’s, , Brexit, ” Sturgeon Organizations: Scottish, London, REUTERS Scots, Scottish National Party, Sky News, British, BBC, European Locations: Edinburgh, Scotland, Britain, British, United Kingdom, Scotland’s, London, European Union, COVID
Scotland's Sturgeon says she wants independence vote early in next parliament
  + stars: | 2020-11-30 | by ( Reuters Staff | ) sentiment -0.98   time to read: 1 min
FILE PHOTO: Scotland's First Minister Nicola Sturgeon speaks during a pro-Scottish Independence rally in Glasgow, Scotland, November 2, 2019. REUTERS/Russell CheyneLONDON (Reuters) - Scotland’s First Minister Nicola Sturgeon on Monday declined to rule out a new vote for Scottish independence next year, saying that she wanted to see a referendum held in the early part of the next Scottish parliament. “I want to see it in the early part of the next term of the Scottish parliament rather than the later part,” she told Sky News, declining to rule out a possible vote in autumn 2021. “I’m not ruling anything out, I’m not ruling anything in,” she said. “I’m clear that I think for all the reasons I’ve set out, the sooner Scotland can have the powers of independence so we chart our own future, the better it will be for all of us.”
Persons: Nicola Sturgeon, Russell Cheyne, , , “ I’m, I’m Organizations: Scottish Independence, REUTERS, Scottish, Sky News Locations: Glasgow, Scotland
The amount of money you need to have saved before retiring early depends on your spending habits. Trevor Williams/Getty ImagesBoth Kenny and Northrup agreed that the general rule of thumb before retiring early is to have 25 times your annual expenses saved. For example, if you spend $50,000 annually you'll need $1.25 million to retire; if you spend $100,000 annually, you'll need $2.5 million to retire. He used a hypothetical scenario as an example: Say you're spending $100,000 annually before retirement. Your savings target is now $60,000 x 25 = $1.5 million, instead of $100,000 x 25 = $2.5 million.
Persons: Trevor Williams, Kenny, Northrup
India's Modi visits key vaccine facilities as COVID-19 cases surge
  + stars: | 2020-11-28 | by ( Nidhi Verma | ) + 1.00   time to read: +2 min
NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi toured three of the nation’s leading vaccine development and manufacturing sites on Saturday as coronavirus cases continue to soar. FILE PHOTO: Indian Prime Minister Narendra Modi addresses the nation during Independence Day celebrations at the historic Red Fort in New Delhi, August 15, 2020. The western state of Maharashtra - home to India’s financial hub, Mumbai - has been particularly hard hit by the virus. Following the visits Modi said India’s role in developing vaccines was a global good and he was pleased with the rapid progress being made. The companies are testing homegrown vaccine options, as well as working on trials of vaccines being developed overseas.
Persons: Narendra Modi, Adnan Abidi, Modi, ” Modi, Harsh Vardhan Organizations: Indian, REUTERS, Serum, India’s, Serum Institute, AstraZeneca, Novavax Inc, Bharat Biotech, of Medical Research Locations: DELHI, Independence, Fort, New Delhi, United States, Maharashtra, Mumbai, Spain, Italy, United Kingdom, Ahmedabad, Bharat, Hyderabad, Pune, India
FILE PHOTO: Scotland's First Minister Nicola Sturgeon poses for a picture at the bank's official launch at their headquarters in Edinburgh, Scotland, Britain November 19, 2020. Andy Buchanan/Pool via REUTERSLONDON (Reuters) - Scottish First Minister Nicola Sturgeon has said she wants to hold a second independence referendum as soon as next year, The Times newspaper reported. The past 14 opinion surveys have shown that Scots support independence. British Prime Minister Boris Johnson has said the 2014 independence referendum was decisive and should be respected. His government says there should not be another independence referendum in the near future.
Persons: Nicola Sturgeon, Andy Buchanan, ” Sturgeon, Boris Johnson Organizations: REUTERS LONDON, Scottish, The Times, Scottish National Party, Times, ITV, Scots, British Locations: Edinburgh, Scotland, Britain, British
China weighs legal steps against 'diehard' supporters of Taiwan independence
  + stars: | 2020-11-25 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
BEIJING (Reuters) - China is considering drawing up a blacklist of “diehard” supporters of Taiwan’s independence, the government said on Wednesday, which may see Beijing try to take legal steps against democratically-elected President Tsai Ing-wen. Taiwan condemned the plan after the pro-Beijing Hong Kong-based newspaper Ta Kung Pao first reported on it this month. Taiwan’s government says the island is already an independent country called the Republic of China, its formal name, although China rejects this position. Zhu Fenglian, a spokeswoman for China’s Taiwan Affairs Office, said the “list of diehard Taiwan secessionists” now under consideration was only aimed at a very small number of independence supporters and those who fund them. It is unclear how that would play out, as Chinese courts have no jurisdiction in Taiwan, and Taiwan’s government leaders do not visit China.
Persons: diehard, Tsai Ing, Kung Pao, Zhu Fenglian, , Zhu Organizations: Global, China’s Taiwan Affairs Office, Secession Locations: BEIJING, China, Beijing, Taiwan, Beijing Hong Kong, Republic of China, Hong Kong
Delta CEO Ed Bastian is awarding employees with two free travel passes as a thank you for their work this year. Called "Delta Difference" passes, employees can use them to fly anywhere Delta flies with a confirmed seat. Delta employees already have free flight benefits but these passes will be useful during a busy travel period or when using their benefits is less likely to secure a seat. Luckily, the "Delta Difference" passes also don't expire, allowing employees the opportunity to use them once the world reopens. Airline employees already fly for free but positive space passes are more like a paid ticketA perk of the job, Delta employees receive free flight benefits on the airline and can access discounted fares on others.
Persons: Ed Bastian, David Shepardson, Bastian, John F Organizations: Delta, Delta Air Lines, Reuters, Employees, Airline, Independence, Cape Town, Centers for Disease Control, American Airlines, Air Transport, Business, Kennedy International Locations: Delta's, Cape, Buenos Aires, Tel Aviv, Sydney, American, New
“I told my family before I got sick: ‘I'm not sure if I'm going to come home because cases are rising,’" said the 21-year-old. As a result, many students have found themselves in the precarious position of deciding between family, safety, and school protocols amid a pandemic that worsens by the day. But on Sunday, she’ll be breaking that routine to return home to Houston, Texas and be with her family for Thanksgiving. “I'm going to go home for Thanksgiving, but once I go home, I'm staying home,” said the 20-year-old. Warren, however, will be going home to Independence, Missouri, about a 40-minute drive, to be with her family this Thanksgiving.
Persons: Samantha Moore, , ” Samantha, she’ll, Moore, , ” Moore, coronavirus, “ He's, we've, , who's, Brielle Gibbs, She’s, ” Gibbs, Gibbs, “ I'm, Paul Niekamp, Niekamp, Pilar Grover, won’t, I'm, Grover wasn't, ” Heylee Warren, It’s, Warren, “ I've, it's, ” Warren Organizations: Missouri Western State University, University of Arkansas, Ball State University, University of Virginia, Avila University, University of Missouri Locations: Bellevue , Nebraska, St, Joseph , Missouri, Covid, chemo, Houston , Texas, Houston, Arkansas, Chicago, Kansas City , Missouri, Independence , Missouri, Missouri
Inside BuzzFeed and HuffPost's tie-up
  + stars: | 2020-11-22 | by ( Lauren Johnson | ) sentiment -0.96   time to read: +1 min
Welcome to the Insider Advertising daily for November 23. Today's news: Inside BuzzFeed and HuffPost's tie-up, Bain & Co.'s bet on marketing, and Sports Illustrated-branded CBD cream. BuzzFeed News/Facebook via Getty ImagesNews that BuzzFeed is acquiring fellow digital media outlet HuffPost has insiders speculating about layoffs and worrying about the future of both newsrooms. Chatter has also heated up about who BuzzFeed will choose to fill HuffPost's vacant top editor slot. With investors having soured on ad-based digital media, insiders also are speculating about the new entity swallowing up more digital media companies and flipping it to a SPAC.
Persons: I'm Lauren Johnson, Nigel Farage Organizations: Business, Bain & Co, Sports, Independence Party, Facebook, BuzzFeed, Getty Images, LJohnson Locations: London, United Kingdom
Lebanon's president pledges to revive forensic audit of central bank
  + stars: | 2020-11-21 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
FILE PHOTO: Lebanon's President Michel Aoun speaks during a news conference at the presidential palace in Baabda, Lebanon October 21, 2020. Dalati Nohra/Handout via REUTERSBEIRUT (Reuters) - Lebanese President Michel Aoun said on Saturday that a forensic audit of the central bank was vital to combat corruption, and that he would get it back on track after the consultancy contracted to carry it out withdrew. “Our reality today is not promising,” the president said in a televised speech to mark Independence Day, adding that Lebanon was a prisoner of corruption, political scheming and external dictations. “If we want statehood, then we must fight corruption ... and this begins by imposing the forensic financial audit,” he said, adding he would not “back off” on the issue. Saad al-Hariri, the Sunni prime minister-designate under a sectarian power-sharing agreement, is struggling to form a cabinet amid turf wars.
Persons: Michel Aoun, Dalati, Aoun, , Alvarez, Marsal, Saad al, Hariri Organizations: REUTERS, Independence Locations: Baabda, Lebanon, Handout, REUTERS BEIRUT, Beirut,
Google is redesigning Google Pay to include new budgeting tools and embedded checking accounts with banking partners like Citi. Google Pay's strategy in the US closely mirrors that in markets like India, where Google Pay is more than a mobile wallet. And Google is redesigning its Google Pay app to do just that. Google Pay will have three tabs: Explore, Pay, and Insights Google If users choose, Google Pay can link in with other Google products, creating automated and searchable functionality, primarily through the Insights tab. The transaction and spending data stored in Google Pay aren't shared, not even with other Google products, Woodward said.
Persons: Caesar Sengupta, Dot, Read, Sengupta, Chokshi, Josh Woodward, Woodward, Citi's Chokshi, we've, there's, eMarketer Organizations: Google, Citi, Apple, Samsung, PayPal, GM, Bank Mobile, BBVA USA, BMO Harris, Coastal Community Bank, First Independence Bank, Seattle Bank, Stanford Federal Credit Union, The Harbor Bank of Maryland, Wall Street, Mastercard, Visa, Gmail, US, Business Locations: India, fintech, SEFCU, GPay, Asia, China, Singapore, Alipay
SoftBank, the Japanese technology holding company, announced Monday that Vision Fund chief Rajeev Misra and Chief Operating Officer Marcelo Claure are among four directors resigning immediately from the company's board. Katsunori Sago, SoftBank's chief strategy officer and governor and Yasir O. Al-Rumayyan, board member of the Public Investment Fund of Saudi Arabia, are also stepping down from the SoftBank board. SoftBank CEO Masayoshi Son is making the changes to improve the perception of board independence. The Vision Fund, the $100 billion Saudi-backed private investment vehicle, has altered investment strategies after the WeWork collapse and the pandemic shutdowns. SoftBank has also struggled to raise money for its second Vision Fund, initially slated to be a $104 billion investment vehicle.
Persons: Marcelo Claure, Andrew Ross Sorkin, Rajeev Misra, Misra, Claure, Katsunori, Yasir O, Masayoshi, SoftBank, Son Organizations: SoftBank, Vision Fund, Public Investment Fund, Vision Locations: WeWork, New York City, Saudi Arabia, Saudi
Black voters across the country — especially in Atlanta and Philadelphia — helped secure Joe Biden's Electoral College win. But thanks to the way the Electoral College works, their votes count less than their white counterparts. President-elect Joe Biden is the undisputed winner of the electoral college, and the first thing he should do in office is call to abolish it. It would be difficult to abolish the electoral college. Who better to call for reform of the electoral college than the winner of the electoral college himself?
Persons: Philadelphia —, Biden, Joe Biden, George Edwards, , Biden's, Candace Owens, haven't, Vox Organizations: Joe Biden's Electoral College, Electoral College, Democratic Party, Black, Electoral, Convention, New York Times, Democratic, Census Bureau Locations: Atlanta, Philadelphia, Independence, American, Texas, Virginia, America, Wyoming, California, Canada
WHO needs reforms, while preserving 'political independence': panel
  + stars: | 2020-11-05 | by ( Stephanie Nebehay | ) sentiment -0.99   time to read: +2 min
GENEVA (Reuters) - An oversight panel called on Thursday for reforms at the World Health Organization (WHO) including “predictable and flexible” funding and setting up a multi-tiered system to warn countries earlier about disease outbreaks before they escalate. REUTERS/Denis BalibouseThe independent experts said it was essential to preserve the U.N. agency’s “neutrality and political independence” in tackling outbreaks, but did not refer directly to China or the United States. “It will be necessary for the organization to undertake yet further reform to allow it to become the guardian of global public health. This, then, must be seen as a defining moment for global community health,” they said in a report. They found a “significant discrepancy between member states’ financial contributions and their expectations” of WHO’s Emergency Programme.
Persons: Health Orgnaization, Denis Balibouse, , Trump, China ”, Tedros Adhanom Ghebreyesus, , Felicity Harvey Organizations: World Health Organization, WHO, Health, REUTERS, Reuters Locations: GENEVA, Geneva, Switzerland, China, United States
Police intervened and broke up the altercation after the man and his small group of counter-demonstrators were surrounded by Trump activists, according to a Reuters witness. Trump has said repeatedly without evidence that mail-in votes are prone to fraud, although election experts say that is rare in U.S. elections. Trump activists waved flags and carried signs saying: “Vote stops on Election Day” and “Sorry, polls are closed” as Biden supporters danced to music behind a barricade across the street. “This is a rally fighting for two things: truth and justice.” He said in an interview that he planned to raise funds for an audit of the state’s vote count. Others threw eggs at the Trump supporters from a passing car.
Persons: Donald Trump ramped, Joe Biden, Trump, Alex Jones, , ” Jones, , George Orwell, Biden, Bob Posuney, Marvin Gaye’s “, Scott Presler, ” Presler, Mitchell Landgraf, “ I’m Organizations: PHOENIX, Reuters, Trump, Democratic, Department, Police, Facebook Inc, Electoral, Biden, Philadelphia, Pennsylvania Convention, Pennsylvania State Capitol, D.C Locations: In Arizona, Maricopa County, Phoenix, Nazi, U.S, Independence, Philadelphia, Pennsylvania, Harrisburg, Virginia, Milwaukee, Clark, Las Vegas, Nevada, Washington
It was initially decided that most of a $100 million spend would go toward the pivotal state of Florida. At the end of the presidential election Bloomberg was looking to move ahead in planning how to potentially spend big on that race, these people noted. The breakdown of the spending by Bloomberg during the later stages of the presidential election goes further than just investing into ad buys. The PAC also spent $6.9 million on ads airing in Texas and $3.3 million in Ohio. The firm was also used during Bloomberg's presidential campaign.
Persons: Mike Bloomberg's, Donald Trump, Joe Biden, Biden, Trump, Kevin Sheekey, Bill de Blasio's, Schoen Cooperman, York mayor's, Doug Schoen Organizations: Bloomberg, Democratic, Trump, NBC, Democratic Party, American Samoa, Sunshine State, York, New York, Senate, Analytics, Independence USA, Biden, Responsive Politics, PAC, Bloomberg's, Schoen Cooperman Research Locations: New York, Florida, Ohio, Texas, New, U.S
China's tech independence, emissions drive could cut growth to 3% - S&P Global
  + stars: | 2020-11-02 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
REUTERS/Thomas PeterLONDON (Reuters) - China’s push to achieve technological self-reliance and become carbon neutral could see its economic growth halve to an average of 3% over the next decade, credit rating agency S&P Global said on Monday. “If China succeeds in pursuing these strategies, the global economy will undergo a fundamental realignment, starting now”. For China itself “the price of greater self-reliance will, almost surely, be slower economic growth” the report said, as beneficial network effects of diverse supply chains would be stifled. “A sustained decline in growth, lower than the consensus expects, may indeed be the price for self-reliance. We do not yet know if the government would be willing to pay it,” S&P said.
Persons: Thomas Peter LONDON, , Organizations: Central Business, REUTERS, P Global, China, Communist, China, REUTERS/Thomas Peter LONDON (Reuters), S&P said Locations: Beijing, China
The Fiction of American Democracy
  + stars: | 2020-10-30 | by ( Adam Kirsch | )   time to read: +14 min
America’s independence was won on the battlefield, but American democracy was written into existence. But like so many American writers, Whitman couldn’t reconcile himself to the way reality fell short of the founding ideal. The title of “Democracy: An American Novel,” which was published anonymously in 1880, quickly turns out to be satirical. Henry Adams, author of ‘Democracy: An American Novel,’ 1883. “Democracy” created the template that American political novels have followed ever since.
Persons: Walt Whitman, Cuff, Whitman, Whitman couldn’t, Allen Ginsberg, Curtis Sittenfeld, Thomas Mallon, Hillary Clinton, Richard Nixon —, Suzanne Collins’s, Ben Lerner, , Washington, Rip Van Winkle, Irving, , Rip, , Madeleine Lee, , Silas Ratcliffe, Lee, unscrupulously, Henry Adams ,, Henry Adams, can’t, Edwin O’Connor, Frank Skeffington, James Michael Curley, Skeffington, Adam Caulfield, doesn’t, Skeffington insinuates, O’Connor, he’s, Robin Hood, Robert Penn Warren, Ira Wyman, Sygma, Willie Stark, Robert Penn Warren’s, Huey Long, Franklin Roosevelt, Jack Burden, it’s, It’s Stark, Burden, , haven’t, ” Stark, hicks, Stark, Warren, Mrs, Joe Klein, Bill Clinton, Harriet Beecher Stowe, Stowe, Eliza, Bird, John, Abraham Lincoln, John Steinbeck’s “, Harper Lee’s, Curtis Sittenfeld and Thomas Mallon, Ben Lerner, Jack Burden Organizations: Capitol, Topeka School, Federal, Washington , D.C, Getty, O’Connor’s Boston, House, , New, Dust Bowl, Tuckahoe, Congressman, Cuff, Democracy Locations: Independence, Tuckahoe, America, New, Catskill, tiptoe, New York, Washington ,, Washington, Boston, Adams’s Washington, O’Connor’s, Louisiana, African, South, dramatizations
Courtney Keating | E+ | Getty ImagesThe U.S. stock market has had a volatile year, and choppy swings up and down show no sign of subsiding anytime soon. The roller-coaster ride can be worrying for those saving for, in or near retirement, yet financial advisors say that people with investment portfolios should stick with their previous plans. That means considering your long-term goals for retirement and rotating assets between stocks, bonds and other investments to strike the right balance. Have the discipline to stick to your plan even when it doesn't feel like the right thing to do. Brad Lineberger president of Seaside Wealth Management
Persons: Courtney Keating, Stocks, Brad Lineberger, Zach Abrams, Abrams, it's, Tony Zabiegala, Tony Zabiegala Organizations: U.S, Dow Jones Industrial, Nasdaq, Wealth Management, Capital Advisors Ltd, Strategic Wealth Partners, Seaside Wealth Management, Seaside Wealth, California-based Seaside Wealth Management, Shaker Heights, Ohio-based Capital Advisors Ltd Locations: Invest, U.S, Carlsbad , California, Shaker Heights , Ohio, Independence , Ohio, March
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