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☆ Disney deja vu? DeSantis may be picking a fight with another business that did something he doesn't like
▼ + stars: | 2023-07-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

DeSantis has feuded with Disney for over a year, but now seems to have set his sights on Bud Light. DeSantis has directed an inquiry into AB InBev after Bud Light partnered with a trans influencer. DeSantis said Disney had "crossed the line" and that the state would "fight back." Disney sued DeSantis for retaliation and violating the company's First Amendment rights — a charge the governor and the state has denied. It's notable that DeSantis is taking issue with the financial fallout Bud Light has experienced as a result of partnering with Mulvaney — when DeSantis himself encouraged consumers to boycott the brand.

Persons: DeSantis, Bud, Bud Light, Ron DeSantis, didn't, Disney, influencer Dylan Mulvaney, there's, Mulvaney Organizations: Disney, InBev, Bud, Service, Gov, Parental, Fox News Locations: Wall, Silicon, Florida

Ron DeSantis has told his government to investigate whether Bud Light's parent company breached its duties to shareholders as a conservative backlash continues to rage over the beer brand's deal with transgender social media influencer Dylan Mulvaney. Shares of AB InBev are down about 2% this year, while the broader market is up. Sales of Bud Light have plummeted in the wake of conservative uproar and a boycott over the Mulvaney partnership. The firm also found Bud Light sales are down by about 25% from last year. Mulvaney has criticized Bud Light for not standing by her during the boycott.

Persons: Ron DeSantis, Bud Light's, influencer Dylan Mulvaney, DeSantis, Lamar Taylor, Bud Light, Bump, Bud, there's, Florida's, Disney, Donald Trump's, Taylor, Mulvaney, I've Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, Florida Gov, Republican, State Board of Administration, SBA's, InBev, Constellation Brands, Especial, Anheuser, Busch InBev, CNBC, Fox, Disney, Trump, GOP, NBC Locations: Arlington , Virginia, U.S, Florida

☆ Pension funds reform: Britain is banking on this $3 trillion cash cow to revive its economy
▼ + stars: | 2023-07-11 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —The UK economy badly needs a boost — and the government hopes the nation’s vast pension savings might deliver one. All UK workplace pension plans offer default funds, which savers who don’t choose their own investment strategy are automatically enrolled into. Measures to tap pension fund cash come at a crucial time for an economy suffering from stubbornly high inflation, depressed investment and feeble growth. UK pension funds’ exposure to domestic stock markets has fallen even more sharply: from 53% in 1997 to 6% in 2021. The combination of measures is likely to have “far-reaching” effects on the types of assets pension funds invest in, easing companies’ access to the capital they need to grow, he added.

Persons: Jeremy Hunt, Mercer, ” Hunt, Hunt, “, ”, Nicholas Lyons, Julia Hoggett, Nigel Peaple Organizations: London CNN, Aviva, London, European, London Stock Exchange, Nasdaq, EU, chipmaker ARM, House, of London Corporation, City of, Financial, New Financial, Pension, Lifetime Savings Association Locations: London, Britain, Frankfurt, Paris, New York, United States, United Kingdom, Edinburgh, City of London

☆ Britain to unleash $64 billion in pension funding for tech startups after missing out on Arm IPO
▼ + stars: | 2023-07-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Among the measures introduced by the government was an agreement among the country's largest defined contribution pension providers to allocate 5% of assets in their default funds to unlisted equities by 2030. This could unlock up to £50 billion (roughly $64 billion) of investment in high-growth firms if all other defined contribution pension schemes follow suit, Hunt said. Meanwhile, average earners' pension pots could rise up to 12% to as much as £16,000 with defined contribution pension schemes committing to more effective investments, he added. Hunt also committed to an "intermittent trading venue" that makes it possible for public market investors to trade shares of unlisted firms. This would act as a halfway house for privately-traded firms looking for alternative ways of raising capital to public listings.

Persons: Jeremy Hunt, Hunt Organizations: Britain, Finance, CNBC, Treasury Department Locations: Europe, Silicon

☆ Opinion: Welcome to the ‘looking-glass’ world of Putin’s Russia
▼ + stars: | 2023-07-10 | by ( Opinion Daniel Treisman | ) edition.cnn.com time to read: +8 min

Welcome to the weird, through-the-looking-glass world of Vladimir Putin’s Russia, where everything is its opposite and almost nothing is what it seems. That may hold as well for the still-murky fate of last month’s mutineer, Yevgeny Prigozhin, head of the Wagner group. Daniel TreismanWorse yet for the Kremlin, Prigozhin’s claim — coming from a diehard nationalist — will seem quite believable to many Russians. In this looking-glass world, the president has no time for politics. After the war started, Navalny offered a 15-point program for ending it and rebuilding a democratic Russia.

Persons: Daniel Treisman, “, ”, Vladimir Putin’s, mutineer, Yevgeny Prigozhin, Wagner, Alexander Lukashenko, Dmitry Peskov, Peskov, Prigozhin, Putin, Alexey Navalny, Alexander Zemlianichenko, Orwell, Vladimir Kara, Murza, Emmanuel Macron, Navalny, Angela Merkel Organizations: University of California, CNN, Russian Federal Penitentiary Service, Russian, Putin, Kremlin, Twitter, Facebook Locations: Los Angeles, Moscow, Belarus, Vladimir Putin’s Russia, Belarusian, Minsk, St . Petersburg, Kremlin, Russian, Melekhovo, Vladimir, Russia, Kara, Rostov, Sochi, Ukraine, Dagestan, Crimea, “

Several countries, including Venezuela, Argentina and Sudan have been saddled with skyrocketing costs for decades. In advanced economies overall, inflation averaged 2.4% since the 1990s – the earliest aggregate data the IMF has available. In 2022, Venezuelan inflation was still 310%, the highest in the world that year. “Because everything will be more expensive tomorrow, people spend their money as they receive it, increasing the inflation,” Anselmi told CNN. Using US currency for transactions is common in Venezuela, as people don’t trust the volatile local currency, according to Guevara.

Persons: Z, Bolivar, bolivars, Andrés Guevara, bolivar, ”, “, Nelson Sánchez, Sanchez, Emiliano Anselmi, Luis Robayo, ” Anselmi, Guevara, Gaby Oraa, Anselmi Organizations: CNN, Bureau of Labor Statistics, International Monetary Fund, IMF, Federal Reserve, European Union, Pensioners, Andrés Bello Catholic University, Getty, U.S Locations: United States, Venezuela, Argentina, Sudan, Ukraine, United Kingdom, US, Caracas, Buenos Aires, AFP, Venezuelan

☆ UK's Hunt to detail plans to steer pensions into growth investment
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 9 (Reuters) - British finance minister Jeremy Hunt will spell out on Monday long-awaited plans to encourage pension funds and other asset managers to invest in high-growth sectors, the Treasury said on Sunday. But the pensions industry has said it opposes mandatory investment quotas. Financial services lobby group TheCityUK said government policy should aim for pension funds to invest in growth and in turn deliver higher returns. "On average, Australian and Canadian pension funds currently provide better performance. Hunt was also expected to reiterate that bringing down high inflation remained his priority, saying there could be "no sustainable growth without first eliminating the inflation that deters investment and erodes consumer confidence".

Persons: Jeremy Hunt, Hunt, TheCityUK, Muvija, William Schomberg, Helen Popper Our Organizations: Treasury, Reuters, Financial Times, Thomson Locations: British, London's

☆ Germany's economy is stagnating. And these 5 charts show how
▼ + stars: | 2023-07-07 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

But a faltering gross domestic product isn't the only figure that suggests that the German economy is stuttering. Germany's inflation rate is expected to hit 6.4% for June, according to provisional data from the German statistics office, which is an increase from the 6.1% recorded for May. Expect maybe for the second half that inflation might come down to a certain extent," Joachim Nagel, president of Germany's central bank, the Bundesbank, told CNBC in March. "What the fiscal authority can do in the face of high inflation is to alleviate the pain of inflation on the most fragile citizens," he said. The German economy has already recouped half of the losses in terms of trade incurred over the last two years and the energy crisis," he added.

Persons: Joachim Nagel, Sylvain Broyer, Volker Wieland, Veronika Grimm, Alexander, Universität, Broyer, China's, Robert Habeck Organizations: Anadolu Agency, Getty, CNBC, European Central Bank, Energy, Goethe University, Allianz, Reuters, Friedrich, country's Locations: Germany, Europe, Ukraine, Frankfurt, Universität Erlangen, Nürnberg, China, Beijing

☆ Insight: Young Russian lawyers step up to defend anti-war protesters
▼ + stars: | 2023-07-04 | by ( Lucy Papachristou | ) www.reuters.com time to read: +8 min

"I have always had a keen sense of justice," Gominova told a Reuters reporter based in Poland. "Defending protesters in court is my version of protest," said Gominova, who began representing anti-war activists in court almost immediately after the invasion. With numerous civil society groups disbanded by the state, many other lawyers also defend anti-war activists independently, but it is hard to determine how many. Several Russian lawyers have attracted the attention – and condemnation – of authorities, not only for defending critics of the invasion but also for expressing their own opposition. Before the Ukraine conflict, Gominova, in St Petersburg, worked mainly on civil cases ranging from family disputes to consumer rights.

Persons: Young, acquittals, Sofia Gominova, Gominova, Violetta Fitsner, Alexei Navalny, Vladimir Kara, Murza, Russia's, Evgenia Kara, Vladimir, Vadim Prokhorov –, Putin –, Prokhorov, Dmitry Talantov, Ivan Safronov, Maria Bontsler, Anastasia Rudenko, George Orwell's, Yuri Mikhailov, Mikhailov, Filipp Lebedev, Gabrielle Tetrault, Farber, Mike Collett, White, Mark Trevelyan, Andrew Cawthorne Organizations: Russia, Ukraine Lawyers, Petersburg Bar Association, Moscow Bar, Russia's, Ministry, Russian Federation, Reuters, U.S, of America, Facebook, Thomson Locations: Ukraine, acquittals Moscow, Russia, Soviet Union, Poland, St . Petersburg, St, Petersburg, Moscow, Ivanovo, Russian, St Petersburg, Tbilisi, Geneva

☆ Sri Lanka parliament approves domestic debt restructuring plan
▼ + stars: | 2023-07-01 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

COLOMBO, July 1 (Reuters) - Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the International Monetary Fund (IMF). To put its debt on a sustainable footing and pass an IMF review, Sri Lanka unveiled a much-anticipated domestic debt restructuring framework last Thursday that seeks to rework part of the island nation's $42 billion domestic debt. "This debt restructuring plan is essential for Sri Lanka to meet the target set by the IMF agreement to reduce debt from the current 128% of GDP to 95% of GDP by 2023," State Minister of Finance Shehan Semasinghe told parliament. Implementing the domestic debt plan is also crucial to push forward negotiations with bondholders and key bilateral creditors China, Japan and India. Sri Lanka aims to finalise debt restructuring talks by September.

Persons: Finance Shehan Semasinghe, Sajith Premadasa, Shivangi Acharya, Andrew Cawthorne Organizations: International Monetary Fund, Sri, Finance, Thomson Locations: COLOMBO, Sri Lanka, China, Japan, India, New Delhi

☆ Japan’s economic scars might blind it to inflation
▼ + stars: | 2023-06-13 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +8 min

Investors worry about market ructions if Ueda hikes rates now but there is another risk: that he waits too long. Reuters GraphicsUeda’s inaction – and the domestic markets’ positive response – have bought him time to focus on evaluating macroeconomic fundamentals, particularly inflation. The country only emerged from a decades-long deflationary rut relatively recently, so local economists, executives and consumers are unused to worrying about consumer prices rising too fast. The government’s latest draft of its long-term economic plan, seen by Reuters on June 2, remains focused on eradicating Japan's “long-held deflationary mindset”. "We expect inflation to quite clearly slow below 2%" toward the middle of the current fiscal year, Ueda told parliament.

Persons: Kazuo Ueda, Haruhiko Kuroda, Ueda, ’, –, Richard Koo, Shinzo Abe, Francesco Guerrera, Katrina Hamlin Organizations: Reuters, Bank of Japan, Nikkei, Nasdaq, Bank for International, Toyota, Toshiba, Black Monday, Japan Inc, International Monetary Fund, of, Thomson Locations: TOKYO, Japan, United States, U.S, Great, China, Europe, Germany, Italy, of Japan’s

☆ Italians are furious over soaring pasta prices and some are threatening a macaroni strike
▼ + stars: | 2023-06-12 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Grocery prices in Europe have been on the rise. Britain — where food inflation has reached 45-year highs — is discussing a similar move. In comparison, U.S. food prices rose 7.7% in April from a year earlier, 8.2% in Japan and 9.1% in Canada. Such controls could actually make food inflation worse by increasing demand from shoppers but discouraging new supply, he said. "The current food price shock does not warrant such intervention," Shearing said.

Persons: —, Furio Truzzi, Borey, Helen Barnard, Anna Sjovorr, hasn't, that's, Neil Shearing, Shearing, SWG pollsters, Carlo Compellini, Marie Antoinette, Roberto Dipiazza Organizations: Service, Shoppers, European Union, Trussell, European Central Bank, U.S . Federal, Capital Economics Locations: Europe, Rome, U.S, Japan, Ukraine, Paris, Britain, Hungary, Croatia, Spain, United Kingdom, London, Canada, Trieste, Italian

☆ Annecy gathers in support of knife attack victims
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 11 (Reuters) - Citizens of the southeastern French town of Annecy gathered on Sunday in support of victims of the knife attack which gravely wounded four toddlers and two pensioners on Thursday. Annecy Mayor Francois Astorg told the crowd the attack was "a tragedy touching our city, the country and the whole world. The suspect, a Syrian refugee, is under formal investigation for attempted murder and was placed in detention on Saturday. The injured are no longer in critical condition, Annecy Prosecutor Line Bonnet-Mathis told a news conference on Saturday, though the four children remained in hospital. The stabbing was the first violent attack targeting children since 2012, when gunman Mohamed Merah shot three Jewish children and one of their parents, and then three soldiers, in Toulouse.

Persons: Annecy Mayor Francois Astorg, Astorg, Mathis, Mohamed Merah, Dominique Vidalon, David Holmes Organizations: Annecy Mayor, Annecy Prosecutor, Thomson Locations: French, Annecy, Syrian, Toulouse

Kyiv CNN —Editor’s note: The southern Ukrainian city of Melitopol has long been known for its sweet delights. For those of us who rejected Russian passports and are now known as “the unreliable,” the situation is terrible. The Russians are trying to force everyone here to get Russian passports. Everyone was given cash welfare payments until February, but starting in March, only people with Russian passports get them. In this file photo, Russian passports are being issued to residents in the occupied city of Melitopol.

Persons: CNN —, Stringer, “ Melitopol, Russia ”, Russia doesn’t, Alexander Ermochenko Organizations: CNN, Workers, United Russia Party, Getty, Russian Locations: Ukrainian, Melitopol, Honey, Moscow, Ukraine, Russia, Russian, AFP, Crimea, Germany, “, Europe, Zaporizhzhia

REUTERS/Denis BalibousePARIS, June 10 (Reuters) - The suspect in a knife attack in which four toddlers and two pensioners were wounded in the southeastern French town of Annecy on Thursday has been placed in detention, the local prosecutor said on Saturday. The suspect, a Syrian refugee born in 1991, is under formal investigation for attempted murder and resisting arrest with a weapon, the prosecutor said. The injured are no longer in critical condition, Annecy Prosecutor Line Bonnet-Mathis told a news conference, adding that the four children were still in hospital. The suspect has chosen not to speak while in police custody and when presented before judges, the prosecutor said. Witnesses told investigators that they heard the suspect call out for "his wife, his daughter" and shouted "Jesus Christ", the prosecutor added.

Persons: Denis Balibouse PARIS, Mathis, Mohamed Merah, Bonnet, Christ, Dominique Vidalon, Cecile Mantovani, Hugh Lawson, Louise Heavens Organizations: REUTERS, Annecy Prosecutor, Thomson Locations: Annecy, French, France, Syrian, Toulouse, Savoie, Sweden, Turkey, Italy, Switzerland, Swedish

ANNECY, France, June 9 (Reuters) - Two toddlers gravely wounded by a knifeman in the French mountain town of Annecy were in a stable condition on Friday and doctors are optimistic for their recovery, President Emmanuel Macron said. Macron, who has called the attack an "act of absolute cowardice", visited the hospital in Grenoble where three of the four children are being treated before heading to nearby Annecy. "The doctors are very confident," Macron told the police and paramedics who responded to the aftermath of the attack. Among the children wounded in the attack were a British national and a Dutch national. One of the two pensioners caught up in the attack told Reuters he had been sitting on a park bench when the attacker approached on the run.

Persons: Emmanuel Macron, Macron, lunge, Henri, Denis Balibouse, Mag Capone, Mathis, Elisabeth Borne, Gerald Darmanin, Youssouf, Antony Paone, Geert de Clercq, Richard Lough, Andrew Heavens, Nick Macfie, Angus MacSwan Organizations: Reuters, REUTERS, Annecy Cathedral, Annecy Prosecutor, Police, Thomson Locations: ANNECY, France, Annecy, Grenoble, British, French, Sweden, Swedish, Schengen, Italy, Paris

Two of the children were in a critical but stable condition in hospital a day after the attack, Prime Minister Elisabeth Borne said. Among the children wounded in the attack where a British national and a Dutch national. France hailed the bravery of a young Catholic pilgrim who came face-to-face with the assailant and used his backpack as a shield as he sought to block the attack. A mass will be held in Annecy Cathedral in tribute to the victims and their families later on Friday, church authorities said. One of the two pensioners caught up in the attack told Reuters he had been sitting on a park bench when the attacker approached on the run.

Persons: Denis Balibouse, Elisabeth Borne, Emmanuel Macron, lunge, Henri, Mag Capone, Borne, Youssouf, Antony Paone, Geert de Clercq, Richard Lough, Andrew Heavens Organizations: REUTERS, Denis Balibouse Annecy, British, Reuters, Annecy Cathedral, Police, Thomson Locations: Annecy, French, France, Grenoble, Sweden, Swedish, Schengen, Italy, Paris

☆ Factbox: France stabbing: what we know so far about the Annecy attack on toddlers
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

PARIS, June 8 (Reuters) - Here is what we know so far about a knife attack against toddlers in the southeastern French town of Annecy on Thursday, in which some of them were seriously wounded. In a park in Annecy, a tranquil town at the foot of the French Alps that is popular for winter sports as well as for summer pursuits like hiking and parasailing. The suspected attacker is a Syrian national who was carrying Syrian and Swedish identity papers, including a Swedish drivers' license, according to French authorities. French Prime Minister Elisabeth Borne said the 31-year-old was granted refugee status in Sweden 10 years ago and was in France legally. A subsequent asylum request in France had been refused on the grounds Sweden had already approved one, she said.

Persons: Elisabeth Borne, Geert De Clercq, Richard Lough, Frances Kerry Organizations: Lake Annecy, French, Reuters, Thomson Locations: French, Annecy, Lake, British, Syrian, Swedish, Sweden, France

☆ Explainer: What happens if Washington falls behind on its bills?
▼ + stars: | 2023-05-18 | by ( Jason Lange | ) www.reuters.com time to read: +4 min

The day's $26 billion in tax revenues would not be enough to cover about $101 billion in spending obligations promised by Congress. Pensioners and other Social Security beneficiaries wouldn't get $25 billion owed them. JUNE 6Weapons manufacturers and other companies supplying the U.S. military wouldn't collect $2 billion owed them. But more bills would keep coming due, and Americans expecting tax refund deposits on June 7 wouldn't get about $1 billion owed them. But revenues wouldn't cover all the other bills due June 15, such as military salaries.

Buenos Aires wants faster payouts and easier economic targets. "More than a debt, it's a crime," President Fernandez wrote in a tweet on Thursday, citing a new government auditor report that concluded the original deal had lacked the required impact study and not passed through proper legislative channels. Fernandez, who has criticized the original deal before, called for an investigation "with all the weight of the law." Powerful but divisive Vice President Cristina Fernandez de Kirchner, a previous two-term president, called the original deal "scandalous" and a "scam" of the Argentine people. Macri and the IMF have defended the original deal as necessary to restore Argentina's economic stability.

Ahead of an election on May 21, a cost-of-living crisis that is eroding earnings is foremost in voters' minds. For Klaoudatou it means voting for anyone but the incumbent conservative New Democracy or the opposition leftist Syriza. Reuters GraphicsThree international bailouts saved Greece from toppling out of the euro zone during a decade-long debt crisis that peaked in 2015. "Εven during the crisis - and this is the joke - I didn't think so much before spending a single extra euro," Klaoudatou told Reuters. Reuters GraphicsPAYCHECK BARELY GETS TO PAYCHECKOne in two Greek households could barely get by on their monthly income last year.

MUMBAI, May 9 (Reuters) - India's national pension scheme offers "exceedingly good" returns of 9-12%, compared to most benchmarks, a top official at the pension fund regulator said on Tuesday. The National Pension Scheme, adopted in 2004, has recently come under criticism for inadequate returns, leading to a few state governments reverting to an earlier pension plan considered fiscally unviable. States that have decided to move back to a so-called old pension scheme include Rajasthan, Jharkhand, Chattisgarh, Himachal Pradesh and Punjab. The old pension scheme offered assured returns to pensioners without any contribution from the employees, which made it fiscally unsustainable for the government. Economists warned that the return to a scheme with assured returns could hurt India's attempts to improve government finances and reduce debt.

☆ Australian government pledges $10 billion in budget to ease cost of living
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: +1 min

Lamp posts in front of the Reserve Bank of Australia (RBA) building in Sydney, Australia, on Monday, Feb. 6, 2023. Australia's center-left Labor government said on Monday it would include 14.6 billion Australian dollars ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation. "The centerpiece of the budget ... will be cost-of-living relief that doesn't add to inflation," Treasurer Jim Chalmers said in a statement, ahead of Tuesday's federal budget. We've carefully calibrated and designed this Budget so that it takes pressure off the cost-of-living rather than add to it." The government is set to unveil in the budget financial assistance for more than 5 million low-income families, small businesses and pensioners struggling with high power bills.

☆ Australia pledges $10 billion in budget to ease cost of living
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, May 8 (Reuters) - Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation. The plan is designed to directly ease price pressures and inflation, the federal government said, which has eased in the first quarter but still sits near 30-year highs of 7.0%. "The centrepiece of the budget ... will be cost-of-living relief that doesn't add to inflation," Treasurer Jim Chalmers said in a statement, ahead of Tuesday's federal budget. We've carefully calibrated and designed this Budget so that it takes pressure off the cost-of-living rather than add to it." ($1 = 1.4830 Australian dollars)Reporting by Renju Jose in Sydney; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

The market swoon from what would be an unprecedented U.S. default would bludgeon away billions more in wealth. The cost to insure U.S. government debt against default has shot to the highest since the 2007-2009 financial crisis. All of that takes air out the economy's tires and could start to push up the unemployment rate, now at a historically low 3.5%. Some top economic policymakers like those at the Fed had predicted as early as last December that the unemployment rate would be roughly 1 percentage point higher by the end of 2023. A debt crisis and a default, even if only on some of the interest payments due each day, would move it forward, Bostjancic said.

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