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☆ Congress presses Chinese fast-fashion giant Shein on forced labor
▼ + stars: | 2023-05-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —US Congress is stepping up the pressure on Chinese fast-fashion giant Shein. The United States has banned all imports from the Xinjiang region over concerns of the use of forced labor. Lawmakers “are demanding transparency and seeking independent verification — free from state influence — that the company does not use Uyghur forced labor,” according to the letter. A Shein spokesperson told CNN that the company has no suppliers in the Xinjiang region and it has zero tolerance for forced labor. The letter illustrates how Congress is scrutinizing Shein and rival fast-fashion app Temu amid their surging popularity in the United States.

☆ GC Agenda: May 2023
▼ + stars: | 2023-05-01 | by ( Practical Law The Journal | ) www.reuters.com time to read: +23 min

Clawback Listing StandardsPublic companies should be aware that proposed NYSE and Nasdaq clawback listing standards may be in place earlier than expected. Organizations may use biometric data in a variety of ways, including when:tracking employee time; restricting access to physical and digital assets; monitoring consumer shopping behavior; and integrating biometric data into consumer products and services. Consider whether the organization’s current policies and procedures meet applicable biometric data handling requirements, including notice, consent, retention, storage, and security obligations. Review applicable laws and obligations when contracting with service providers that handle biometric data and continuously monitor their performance. In February 2023, the NYSE and Nasdaq filed proposed new listing standards, which contemplated that they could become effective as early as April 27, 2023.

☆ Lawmakers urge SEC to crack down on Chinese retail giant Shein over alleged forced labor
▼ + stars: | 2023-05-01 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Bipartisan lawmakers are urging the nation's top markets regulator to require Chinese fast-fashion giant Shein to disclose potential forced labor practices ahead of the company's possible initial public offering in the United States. "As a global company, Shein takes visibility across our entire supply chain seriously. We have zero tolerance for forced labor." "Other experts argue that it is appropriate to presuppose that any product made in the XUAR is made with forced labor." Independent coalition Shut Down Shein has also called on the SEC to deny IPO registration to Shein unless it provides proof of compliance with the Uyghur Forced Labor Prevention Act.

☆ Last time Trump lawyer Joe Tacopina called a rape accuser greedy and crazy he won. It's a different world now.
▼ + stars: | 2023-05-01 | by ( Laura Italiano | ) www.businessinsider.com time to read: +13 min

By the time he won an acquittal in a high-profile, 2011 Manhattan criminal trial, Tacopina had attacked what he called her "functional tolerance" for alcohol. She remembered in graphic detail being immobilized in her bed — too drunk to resist — as she was allegedly raped, she told jurors. "She called him a rapist," Tacopina told the jury in openings Monday. "I can dance backwards and forwards in four-inch heels," she told Tacopina when he questioned her dressing-room balancing act. "It caused me to realize that staying silent does not work," she told Tacopina of the courage she saw in that #MeToo wave.

☆ Brazil police shoot dead 4 illegal gold miners on Yanomami reservation
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

[1/4] A helicopter of the Brazilian Environmental Agency (IBAMA) is seen near Uraricoera river during an operation at illegal mining in the Yanomami indigenous land, Roraima state, Brazil, February 11, 2023. REUTERS/Amanda Perobelli/File PhotoBRASILIA, May 1 (Reuters) - Brazilian police and environmental protection agents were ambushed by illegal gold miners on the Yanomami Indigenous reservation in the Amazon on Monday and four miners were shot dead in the exchange of gunfire, a government statement said. The Environment Ministry said their team was attacked when they moved in to dismantle a wildcat mining camp run by an organized crime gang. Brazilian authorities are keen to show that they mean business in their efforts to remove the remainder of the wildcat miners on the reservation following the fatal shooting of a Yanomami man. Gold miners killed one man and seriously injured two others in an attack on Saturday in the Yanomami territory, where authorities have been evicting illegal miners who invaded Brazil's largest indigenous reservation, the size of Portugal.

The U.S. lawmakers want the SEC to mandate Shein to independently audit and verify "that the company does not use Uyghur forced labor as a condition of being registered to issue securities in the United States," the letter said. Sources have said Shein is eyeing an IPO in the U.S. this year. Rights groups and governments have accused China of forced labor and internment of Uyghurs, a mainly Muslim ethnic minority, in Xinjiang. They say the exception allows websites selling cheap Chinese goods to evade millions of dollars in taxes and fees, as well as regulations banning forced labor in the consumer product supply chain. "As a global company, SHEIN takes visibility across our entire supply chain seriously.

☆ Brazil to step up removal of indigenous land invaders after Yanomami killing
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +2 min

[1/2] People who were working in illegal mining sit in the trunk of a car to travel to the city as they arrive at Porto do Arame after leaving the Yanomami indigenous land, in Alto Alegre, Roraima state, Brazil, February 12, 2023. REUTERS/Amanda PerobelliBRASILIA, April 30 (Reuters) - Brazil will increase efforts to remove the remainder of wildcat miners from indigenous lands following a shooting attack by invaders that killed a Yanomami indigenous person and left two others seriously injured, the Ministry of Indigenous Peoples said on Sunday. An inter-ministerial delegation is en route to Roraima state to "further reinforce actions to remove criminals," the ministry said on Twitter. Since President Luiz Inacio Lula da Silva took office in January, its administration has announced actions to remove thousands of illegal miners from the country's largest indigenous reservation in northern Brazil. Lula's government declared a medical emergency for the Yanomamis earlier this year and pledged zero tolerance for mining on indigenous reservation land protected by Brazil's Constitution.

☆ How to raise kids to have a ‘secure’ attachment style: 'It's not about being a perfect parent,' says BetterHelp therapist
▼ + stars: | 2023-04-29 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

It's rare to have a conversation about dating lately without someone mentioning attachment theory. Attachment theory defines four different attachment styles which offer insight into how and why we form bonds. And while no attachment style is better than another — "I don't think people with an insecure attachment style should get a bad rep," Amir Levine, the co-author of "Attached" told CNBC Make It last year — it would be reasonable to want your children to lean toward a secure attachment style. "Adults who have secure attachment styles generally can depend on their parents," Jo says. Here's how to raise a child with a secure attachment style.

☆ DeSantis loses his cool with a reporter after being challenged over claims he witnessed torture while working at Guantanamo Bay
▼ + stars: | 2023-04-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Ron DeSantis clashed with a reporter when questioned about Guantanamo Bay. A former detainee claims DeSantis witnessed him being force fed. Ron DeSantis was involved in a tetchy exchange with a reporter after being questioned about whether he witnessed detainees being tortured in Guantanamo Bay. The UN has said that it regards the force feeding of inmates at Guantanamo as a form of torture. "So everything at that time was legal in nature one way or another," DeSantis told a CBS affiliate in 2018.

Students with a limited credit history are unlikely to be approved for the best credit cards, and even some student credit cards require good to excellent credit. Step is a secured credit card that has a dynamic credit limit that is attached to the bank account balance -- it operates like a debit card but it is a credit card, which is what enables the unique credit building feature. Best Credit Cards for Students With No Credit of 2023Methodology: How we chose the best credit cards for students with no creditInsider's credit cards team looked at dozens of student credit cards, secured credit cards, and starter credit cards and narrowed down the list by choosing only those that students with limited or no credit have a good chance of qualifying for. Credit Cards for Students With No Credit Frequently Asked Questions (FAQ)Which credit card is best for students with no credit? US Bank Altitude Go Secured Credit Card ReviewBest for Students Under 18Step Secured Visa CardWhile credit card accounts are only available to those aged 18 and over, the Step Secured Visa Card offers a solution for students looking to build credit who haven't yet reached legal adulthood.

Things are calmer now, but seven traders who spoke to Reuters, some heading rates desks at big global banks, said March's mayhem continues to reverberate, with fears of further volatility in traditionally stable bond markets muting activity. Investors rely on government bond markets to translate central bank interest rates into a stable benchmark for borrowing costs, from corporate loans to household mortgages. Yield shifts in government bond markets have become bigger - occasionally hitting 20 bps a day - since central banks started ramping up rate hikes last year to tame surging inflation. For some, March's turmoil is the latest sign of how post-2008 regulations constraining dealer balance sheets are affecting bond market functioning. Others noted markets were leaving behind an era of low volatility for good as rates rise.

☆ New bodies aim to boost Ukraine defence ministry's efficiency, transparency
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

KYIV, April 28 (Reuters) - Two new advisory bodies will help make Ukraine's defence ministry more efficient and transparent, Defence Minister Oleksii Reznikov said on Friday. The Office for the Support of Changes and the Public Anti-Corruption Council were set up earlier this month following allegations that the ministry bought food for troops at inflated prices. "Today is a time for reform, even during this war," Reznikov told an online briefing. The Public Anti-Corruption Council contained people who were publicly elected by thousands of voters, he said. Reznikov said in February that hundreds of officials at the defence ministry or in the armed forces had been disciplined last year after internal audits, and that he had "zero tolerance" for corruption.

☆ Morningstar's chief U.S. market strategist shares his outlook for the economy and ways to play the market turbulence ahead
▼ + stars: | 2023-04-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

But even in a turbulent environment, there are value opportunities for investors who look carefully, according to Dave Sekera, Morningstar's chief U.S. market strategist. "We think the stock market is undervalued," Sekera told CNBC during an interview at the Morningstar Investment Conference in Chicago. "However, I'd say at this point, the easy returns have already been made thus far this year, and I do see a rough road ahead for the next couple of quarters for the stock market in general." For regional bank stocks, Morningstar expects earnings to slowly decline through 2023. Today, Morningstar views many of those names, in areas such as energy, healthcare and consumer defensives, as fully valued.

☆ Tucker Carlson's history of alleged workplace sexism stretches back to 2015, long before Abby Grossberg
▼ + stars: | 2023-04-26 | by ( Katherine Long | ) www.businessinsider.com time to read: +10 min

Possible rationales include Murdoch's contempt for Carlson's religiosity and Carlson's insistence on hewing to conspiracy theories about the January 6, 2021 insurrection at the U.S. Capitol. Internal correspondence unearthed in a defamation lawsuit against Fox News showed Carlson used sexist expletives to refer to a female Fox executive and a guest. The company last week agreed to pay $787.5 million to settle a defamation lawsuit brought by Dominion Voting Systems. Carlson was one of many Fox News hosts who promoted false election conspiracies, the subject of the defamation suit, on their shows. Fox News is still facing a similar defamation suit from another voting machine manufacturer.

☆ Tangaraju Suppiah: Singapore executes man for trafficking two pounds of cannabis
▼ + stars: | 2023-04-25 | by ( Heather Chen | ) edition.cnn.com time to read: +8 min

Tangaraju Suppiah, a 46-year-old Singaporean, was hanged early on Wednesday in Changi Prison and the family have received a death certificate, his sister Leelavathy Suppiah told CNN. Tangaraju was first sentenced to death in 2018 for “abetting the trafficking of more than one kilogram of cannabis (1,017.9 grams),” according to a statement from the Central Narcotics Bureau (CNB). The court found he was in phone communication with two other men caught trying to smuggle cannabis into Singapore. “As is the case for many people currently on death row in Singapore, Tangaraju was forced to represent himself to seek a review of the Court of Appeal’s decision to uphold his conviction. Singapore has a strong reputation as a rule of law country so this concerning omission is not normal,” Perrett added.

There's an old Wall Street adage that urges investors to "sell in May and go away" — but CFRA Research says there's an even smarter way to play the market this spring. According to the Stock Trader's Almanac , the worst six months of the year for the S & P 500 starts in May and runs through October. The strategist says traders can look toward defensive names during the May slump, instead of entirely exiting the market. Indeed, since 1990, while the entire S & P 500 gained 6.7% annually, average price gains from equal exposure to these four sectors returned 9.0%. The stock almanac's editor, Jeff Hirsch, said that reducing long exposure and adopting a defensive stance will pay off for investors during the low period.

☆ Israel’s Netanyahu Says He Is Willing to Meet With Florida’s Ron DeSantis
▼ + stars: | 2023-04-23 | by ( Nancy A. Youssef | ) www.wsj.com time to read: 1 min

Israel Prime Minister Benjamin Netanyahu says he would ‘meet with every American representative, governor, senator, members of Congress. And I think it’s my job.’ Photo: Menahem Kahana/POOL AFP/Associated PressIsrael Prime Minister Benjamin Netanyahu said Sunday he would be willing to meet with Florida Gov. Ron DeSantis , an expected 2024 GOP presidential candidate, during the governor’s visit to Israel scheduled for later this month. Mr. DeSantis, who once vowed to be the most “pro-Israel Governor in America” will be making his second trip there as governor on April 27 to deliver the keynote address at the Museum of Tolerance in Jerusalem, according to an announcement from the museum and The Jerusalem Post.

Hong Kong/New York CNN —Temu and Shein are taking off in the United States, topping app stores and creating a frenzy with consumers. Shein was started in China, while Temu was launched by a Chinese company that now bills itself as a multinational firm. Both firms have enjoyed major success in the United States, noted Nicholas Kaufman, a policy analyst for the US-China Economic and Security Review Commission. Topping the chartsTemu and Shein have taken the world’s largest retail market — the United States — by storm. It has quickly become the most downloaded app in the United States, and continues to expand its user base.

☆ Ron DeSantis, facing challenges at home, will test presidential ambitions overseas
▼ + stars: | 2023-04-23 | by ( Steve Contorno | ) edition.cnn.com time to read: +8 min

While in Israel, DeSantis will also keynote an event hosted by The Jerusalem Post and the Museum of Tolerance Jerusalem. The trip will spotlight DeSantis’ foreign policy credentials as he inches toward a White House bid. DeSantis’ predecessor, now-US Sen. Rick Scott, embarked on more than a dozen trade missions during his tenure as governor. Eleven Florida Republicans have endorsed Trump over DeSantis so far – including seven last week. State lawmakers have also balked at a provision in DeSantis’ immigration package that would eliminate in-state tuition for undocumented residents.

OTTAWA, April 22 (Reuters) - A union representing some 155,000 striking Canadian public workers called on Saturday for Prime Minister Justin Trudeau to speed up negotiations over a deal for higher wages and work-from-home guarantees. "I need to see the prime minister getting involved in these negotiations and helping and assisting to move these negotiations along," Aylward said. "There is no time, nor tolerance for stalling and misinformation," the office of Treasury Board President Mona Fortier said in a statement. Tax agency workers want a pay bump of 22.5% over three years, while the Treasury Board workers are seeking a 13.5% pay rise over three years. Apart from wages, PSAC also wants the new agreement to recognize the right to work remotely.

☆ BOJ unlikely to move in April, most economists say: Reuters poll
▼ + stars: | 2023-04-21 | by ( Kantaro Komiya | ) www.reuters.com time to read: +3 min

The BOJ will likely keep YCC unchanged at next week's meeting as it awaits more evidence of sustained wage growth, sources have told Reuters. Only three of 27 economists, or 11%, said the BOJ will start to scale-back its monetary stimulus next week, whereas 11 (41%) opted for the June meeting, the April 12-19 poll showed. He added the lowered U.S. and Japanese yields after the financial turmoil also decreased the urgency to tweak YCC, which has previously faced market attacks to break the upper limit. Compared with the March poll, fewer economists expect a sudden abolition of YCC to come without warning. Half of the 24 respondents anticipated another YCC tweak, if not an outright end, in April-June.

☆ Texas lawmaker says the Supreme Court cleared the way to force schools to display the Ten Commandments in every classroom
▼ + stars: | 2023-04-21 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

Texas' Senate passed a bill that would requires public schools to display the Ten Commandments. The Senator who authored the bill thinks the Supreme Court paved the way for his bill to pass. The Supreme Court last year sided with a football coach who lost his job after praying on the field. The Supreme Court ultimately sided with the Washington football coach, Joe Kennedy, in the case last year. He added that the Supreme Court cleared the way for this bill when they sided with Kennedy.

☆ Opinion | The Gravest Threats to Campus Speech Come From States, Not Students
▼ + stars: | 2023-04-21 | by ( Christina Paxson | ) www.nytimes.com time to read: +3 min

Several states, including Georgia, Idaho and most notably Florida, have passed varying laws making it easier to ban books and limit what American educators can teach. I am the president of a private, nonprofit university in Rhode Island, a state founded on the values of freedom and tolerance. The new laws censor their voices as well as those of their faculty and students. Proponents of these laws attempt to justify them by repeating claims that universities are places where political correctness runs rampant and students are intolerant of alternative viewpoints. Students should not ‌violate university policies and ‌shout down speakers they don’t agree with.

☆ Recreational marijuana use: CNN medical analyst urges caution
▼ + stars: | 2023-04-20 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

Using marijuana can cause impaired thinking and interfere with someone’s ability to learn, according to the National Institute on Drug Abuse. The trend toward legalizing marijuana must be accompanied by public education of the health risks, CNN Medical Analyst Dr. Leana Wen said. To be clear, there are many reasons to support policy changes of decriminalizing marijuana, including to rectify the decades-long injustices of disproportionately incarcerating minority individuals for marijuana possession. As many as 3 in 10 people who use marijuana have marijuana use disorder, according to the CDC. If an adult is using marijuana once in a while, and not while driving, it’s probably not going to have lasting consequences.

☆ Christie, in New Hampshire, Reconnects With 2016 Supporters
▼ + stars: | 2023-04-20 | by ( Trip Gabriel | ) www.nytimes.com time to read: +1 min

ROCHESTER, N.H. — Don’t ask Chris Christie what “lane” there is for him in the Republican primary. Don’t ask how someone polling at 1 percent, who is sharply critical of Donald J. Trump, could possibly win the 2024 nomination when the party base has no tolerance for attacks on the former president. “I think there’s this fiction about lanes,” Mr. Christie said on Thursday in New Hampshire, his second exploratory visit in a month. At the front of that lane right now is Donald Trump. Addiction is an issue Mr. Christie has long been passionate about, and he visited the same program, Hope on Haven Hill, eight years ago while running for president.

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