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☆ Energy sector's COVID recovery turns into massive CEO payday
▼ + stars: | 2023-06-05 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +8 min

Occidental said its CEO pay ratio follows the rules laid out by the U.S. Securities and Exchange Commission (SEC). IT'S RELATIVE WHEN IT COMES TO RETURNSTo be sure, the value of stock-based pay shrinks when markets sour. But most energy CEOs also have a measure of built-in protection from steep declines. That’s because about 90% of energy companies measure stock performance against others in the same industry who tend to suffer at similar times. Many energy companies are under pressure from investors to reform CEO pay, according to disclosures in their annual proxy statements.

Persons: Aeisha, Virginia Parks, Christina Noel, Darren Woods, Exxon, Michael Hennigan, ”, Rosanna Landis Weaver, Toby Rice, EQT, Phillips, ” Phillips, ” Mastagni, Richard Valdmanis, Anna Driver Organizations: Energy, California State Teachers, Marathon Petroleum, University of California Irvine, Occidental Petroleum Corp, Occidental, U.S . Securities, Exchange Commission, SEC, American Petroleum Institute, ExxonMobil, Services, Microsoft, Exxon, New York, EQT Corp, Reuters, Thomson Locations: U.S, California, Virginia, CalSTRS

☆ Washington’s Dilemma in Chad: Defense or Democracy?
▼ + stars: | 2023-06-01 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

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☆ Firms are bringing production back home because of the Ukraine war, China's slowdown — and TikTok
▼ + stars: | 2023-06-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

Earnings calls discuss 'reshoring'A number of banks noted mentions of the domestic manufacturing trend in U.S. earnings calls for the most recent quarter. And we have never … got the target right," McRaith told an audience at a supply chain conference organized by software company o9 Solutions in April. Bill McRaith Former chief supply chain officer, PVHMcRaith, a former chief supply chain officer at Tommy Hilfiger-owner PVH , said the apparel industry both over-orders and under-orders stock by about 20% to 25%. If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain. "If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain," he told CNBC's "Street Signs Asia" in April.

Persons: Luke Sharrett, Savita Subramanian, Ryan Grabinski, they're, Bill McRaith, McRaith, PVH, Tommy Hilfiger, we've, Shein, Jade Gao, it's, Keith Phillips, Joe Biden, CNBC's, Elon Musk, Phillips Organizations: European Union, Bloomberg, Getty, Bank of America, UBS, Securities, o9 Solutions, CNBC, AFP, U.S ., Reshoring, EV, U.S, EVs Locations: China, Ukraine, U.S, Europe, Brazil, Guangzhou, U.S . U.S, Corpus Christi , Texas, Tennessee, United States

☆ MLB roundup: Red Sox drop Phils for 8th straight win
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +12 min

Boston's Rob Refsnyder ripped a two-run double, Christian Arroyo had a two-run single and Reese McGuire added an RBI single for the Red Sox, who have scored 59 runs during their eight-game winning streak. After Willie Calhoun popped out with two runners on, Bader put the Yankees ahead with a two-run single to right field. He worked a perfect ninth inning, striking out two, to earn his first save. Alejandro Kirk added an RBI double and Daulton Varsho an RBI single for the Blue Jays, who entered the series with a five-game losing streak. Jack Suwinski homered and Connor Joe had an RBI single for the Pirates, who lost their sixth in a row.

A convoy leaving Khartoum, Sudan’s capital, advances on a road toward Port Sudan, on Sunday. Photo: abubakarr jalloh/AFP/Getty ImagesThe U.S. and other governments moved swiftly over the weekend to evacuate embassy staff from Sudan, where a battle for power between the country’s top two generals has now left millions of residents with the difficult choice of whether to try to sit out the clashes at home or attempt a risky escape. The rapid descent of the east African country—and especially its capital, Khartoum—into all-out war appeared to surprise many embassies, including the U.S. mission, which didn’t issue advisories for American citizens to leave the country before the fighting started on April 15.

☆ U.S. Seeks Ways to Help Burkina Faso’s Military Junta Fight Jihadists
▼ + stars: | 2023-04-08 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

ACCRA, Ghana—The Biden administration is quietly helping Burkina Faso’s ruling junta battle al Qaeda and Islamic State in a hotly contested corner of West Africa, without running afoul of U.S. laws banning most security aid to military regimes. The U.S. has included Burkinabe commandos in American-led exercises, but excluded the West African country’s top officer from an international gathering of defense chiefs after a military takeover last year. The Pentagon has a team of U.S. Green Berets stationed in Ouagadougou, Burkina Faso’s capital, but won’t allow them to train their beleaguered local counterparts.

☆ Al Qaeda Closes In on a Stalwart U.S. Ally in Africa
▼ + stars: | 2023-03-26 | by ( Michael M. Phillips | Photographs Diana Zeyneb Alhindawi For The Wall Street Journal | ) www.wsj.com time to read: 1 min

BAWKU, Ghana—The good news according to Salifu Bashru , an elder of the Mamprusi people, is that if al Qaeda militants attack, they’ll probably kill his rivals from the Kusasi community first. The bitter, 65-year dispute between Mamprusi and Kusasi over which ethnic group rules this small northern Ghanaian city has turned deadly in recent months, with neighbors exchanging machine-gun fire and each side vowing never to let the other get its way.

☆ ‘Retracing the Iron Curtain’ Review: The Border of Borders
▼ + stars: | 2023-03-15 | by ( Andrew Stuttaford | ) www.wsj.com time to read: +1 min

In 2019, writer and historian Timothy Phillips embarked on a 3,000-mile trek along the route of Europe’s postwar dividing line—almost a third was on foot. The trip began in Norway’s far north and ended where Turkey and Azerbaijan meet, and in his engrossing “Retracing the Iron Curtain,” Mr. Phillips uses that journey to tell the story of this brutal “border of borders,” which in the early days after World War II reached much further than is typically recalled. And so Mr. Phillips shows up in Bornholm, a Danish island in the Baltic, which was still being “liberated” by the Soviets when Churchill spoke of an Iron Curtain. The Soviets eventually left, with conditions—just as there were conditions when they handed back Porkkala, a Finnish peninsula a few miles west of Helsinki that for a decade or so had been an exclave of the Leningrad region. The Soviets departed abruptly, but when the Finns returned home, “it wasn’t so much a case of the coffee still steaming on the stove as of the smoke still rising from the wreckage.”

☆ The Tax Play That Saves Some Couples Big Bucks
▼ + stars: | 2023-03-03 | by ( Laura Saunders | ) www.wsj.com time to read: 1 min

Spencer Phillips, a 39-year-old orchestral musician who plays the bass violin, loves and trusts his wife of 10 years—but he refuses to file a joint income-tax return with her. Instead, Mr. Phillips and his wife opt into the “married, filing separately” status, called MFS, and each spouse reports only his or her income to the Internal Revenue Service. This saves them a lot of money: By filing separately, and so reducing his stated income, Mr. Phillips’s student-loan payments on about $200,000 of debt from the prestigious Eastman School of Music and other programs come to about $240 monthly instead of more than $1,000.

☆ Looking for Your Next Read? Don’t Miss the Kenya Police Blotter
▼ + stars: | 2023-03-01 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

NAIROBI—As a young teen, Mike Mugo would surreptitiously read crime novels from his father’s collection, lured by tales of tough-talking detectives and ruthless crooks and the gorgeous women whose pictures graced the paperback covers. Which explains why Kenyan police crime reports read like 1940s pulp fiction.

☆ Looking for Your Next Read? Don’t Miss the Kenya Police Blotter.
▼ + stars: | 2023-03-01 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

☆ Republican FTC Commissioner Wilson announces resignation, saying Chair Khan has a 'disregard for the rule of law'
▼ + stars: | 2023-02-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Christine Wilson, nominee to serve on the Federal Trade Commission, testifies during a Senate Commerce, Science, and Transportation Committee confirmation hearing in Hart Building on February 14, 2018. Christine Wilson, the sole remaining Republican on the Federal Trade Commission, announced Tuesday she plans to resign, citing what she said was Democratic Chair Lina Khan's "disregard for the rule of law and due process." Wilson announced her resignation, which she said will come "soon," in a Wall Street Journal op-ed. Throughout Khan's tenure at the helm of the commission, Wilson has frequently bemoaned her approach in remarks at public meetings and in speeches. Former Commissioner Noah Joshua Phillips, a Republican, resigned in October, but without the kind of broad critique that Wilson wrote.

☆ Vast Refugee Camp in Kenya Swells as Drought Hits Somalia
▼ + stars: | 2023-02-11 | by ( Michael M. Phillips | Photographs Natalia Jidovanu For The Wall Street Journal | ) www.wsj.com time to read: 1 min

DADAAB REFUGEE COMPLEX, Kenya—Magan Noor Abdi was 17 with three children the first time she fled Somalia. It was 2010, and famine was coming. The second time was a decade later. Al-Shabaab militants infiltrating her hometown had beaten her husband so badly that he couldn’t support a family that had grown to eight children.

☆ One Father’s Desperate Plan to Rescue His Son From America
▼ + stars: | 2023-02-03 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

BORAMA, Somaliland— Seckie Saleban , groggy after a late night binge-watching TV, woke up to voices in his room. His first thought was that “The Office” was still playing. He rolled over and saw two policemen standing at his bedside, wearing military camouflage and armed with AK-47 rifles. The officers bundled Seckie into a three-wheel motorized rickshaw, delivered him to a concrete police station and locked him in a cell.

☆ Ron Insana says even with the big jobs report, there are signs of disinflation
▼ + stars: | 2023-02-03 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Wage inflation, of course. Economists can complain about wage inflation all they want, but a 4.4% annual gain, now decelerating, is not the bogeyman they claim it to be. The Fed's reliance on the so-called "Phillips curve," which links low unemployment to rising inflation, is an archaic construct. Lower unemployment today is hardly leading to runaway wage inflation.

☆ Fears of Losing Out to China Put U.S. Under Pressure Over Kenya Base
▼ + stars: | 2023-02-02 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

MOKOWE, Kenya—Kenya is asking the U.S. to pay for the expansion of a joint counterterrorism base, raising concerns in Washington that the East African country could turn to China if the Americans balk, according to U.S. officials. The Kenyan military has drawn up plans for a new runway long enough to handle jet fighters at Manda Bay Airfield, a hub for U.S. and Kenyan operations against al-Shabaab, al Qaeda’s affiliate in neighboring Somalia, the U.S. officials said.

☆ Welsh Rugby Union chief Phillips resigns, Walker steps in as acting CEO
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +1 min

Jan 29 (Reuters) - Steve Phillips has resigned from his position as CEO of the Welsh Rugby Union (WRU), the governing body said on Sunday after he came under pressure for its handling of allegations of misogyny, sexism and racism within the WRU. In a BBC Wales documentary, several former female WRU employees made allegations about comments and behaviour that they said were sexist and discriminatory. WRU chairman Ieuan Evans had also said he would set up an external task force to examine accusations. The WRU said no allegations were made against Phillips in the documentary and that he was "not accused of any wrong doing". Nigel Walker, who was appointed its Performance Director in July 2021, will take over as the WRU's acting CEO with immediate effect.

☆ U.S. Seeks Security Council Allies Against Russia
▼ + stars: | 2023-01-28 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

Members of Mozambique’s delegation at the U.N. celebrate last June after the nation is elected to one of five nonpermanent seats on the Security Council. MAPUTO, Mozambique—The U.S. is trying to persuade Mozambique, an African country long friendly to Moscow, to use its new seat on the United Nations Security Council to condemn Russia’s invasion of Ukraine. The American ambassador to the U.N., Linda Thomas-Greenfield , visited the southern African country this week, telling the government that neutrality wasn’t an option when a big power invades a smaller neighbor in violation of a U.N. Charter that Security Council members are bound to uphold.

Share this -Link copiedMcCarthy elected speaker in 15th round McCarthy was elected House speaker Saturday shortly after midnight on the 15th ballot. Share this -Link copiedHouse reconvenes to hold 14th round of speaker votes The House has reconvened to begin the 14th round of speaker votes. Read the rest of the story, The House speaker election, in three charts. Share this -Link copiedHouse begins 13th round The House is beginning the 13th round of speaker votes. At least 14 House GOP flip to support McCarthy in twelfth speaker vote Jan. 6, 2023 01:52 Share this -Link copied

☆ Biden names Phillips acting head of energy regulator
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +1 min

Companies Federal Energy Regulatory Commission FollowWASHINGTON, Jan 3 (Reuters) - President Joe Biden has named Willie Phillips, a Democrat, acting chairman of the Federal Energy Regulatory Commission, FERC said on Tuesday. Phillips joined the commission in December, 2021 after being appointed by Biden and approved by Congress. After Phillips joined FERC, that began to change as Democrats had a 3-2 majority and the Biden administration pursued policies to transition to low-carbon energy. But now Phillips is acting chairman, FERC will be locked at a 2-2 because the former head, Richard Glick, left FERC after Senator Joe Manchin, a conservative Democrat, did not hold a confirmation hearing to consider Biden's re-nomination of Glick. Phillips will serve as temporary chief of the commission as the Biden administration considers nominating a permanent chair.

☆ U.S. Builds New Firewall to Stop Spread of Militant Islamists
▼ + stars: | 2022-12-11 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

OUALLAM, Niger—The front lines in the war between the West and militant Islamists have shifted to Africa, from Somalia on the continent’s eastern tip to the West African Sahel, a semidesert strip south of the Sahara. In the Sahel, the U.S. and its allies are betting that Niger, the worst-off country in the world by a U.N. measure, offers the best hope of stopping the seemingly inexorable spread of al Qaeda and Islamic State.

Sanders has a 27-5 coaching record at Jackson State, including going 12-0 this year and winning two consecutive Southwestern Athletic Conference titles. Sanders will owe Jackson State around $300,000 in a buyout for the 2020 contract, according to USA Today. This is not a Deion Sanders thing,” Parker told NBC News. “I do think he cared about the well-being of Jackson State football players. I think the buzz around the program will change, especially if they don’t hire a coach that has a similar stature as Deion Sanders.”

☆ In Tulsa, Modest Home Prices and ‘Wholesome’ Living Lure Big City Buyers
▼ + stars: | 2022-12-07 | by ( David Christopher Kaufman | Photographs Christopher Creese For The Wall Street Journal | ) www.wsj.com time to read: 1 min

As the Covid pandemic raged around them, Ari Kaplan, his wife, Hannah Phillips-Kaplan, an interior designer, and son, now 13, were looking for somewhere new to live after nearly two decades in Los Angeles. “We wanted to raise our son somewhere more wholesome and with a stronger sense of community,” said Mr. Kaplan, 50, the chief financial officer for e-commerce company Mamenta. “And we talked about Austin, Portland, Charlotte, Denver and New York,” he said. The Kaplans’ list quickly whittled down to New York and Denver. But in the former “I’d just be changing one crazy for another crazy,” Mr. Kaplan said, while the latter felt just “too liberal and crunchy.” And so the Kaplans landed in Tulsa, Okla., the hometown of Ms. Phillips-Kaplan, 43, spurred by family connections, the city’s booming tech scene, its reasonably priced upmarket housing and its middle-of-the-road political climate.

☆ A Military Wife’s Descent Into Meth Addiction—And Her Agonizing Journey Back
▼ + stars: | 2022-12-03 | by ( Michael M. Phillips | ) www.wsj.com time to read: 1 min

COLUMBIA, Mo.— Lauren St. Pierre had the adorable toddler, the successful husband and a new house by the Army base where he worked. Surgeries bestowed the hourglass figure she had always wanted. On a summer day in 2010, Lauren discovered something she wanted more.

☆ 'We’re having a baby today': Woman gives birth inside Atlanta McDonald's with help of employees and fiancé
▼ + stars: | 2022-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

“I went into the bathroom and my water broke immediately,” Worthy told WXIA. “I thought they was joking, and I open this door, didn’t see anyone, but I saw feet [under the door],” Woodward told WXIA. Phillips made his way to the McDonald's bathroom when he thought his fiancée had been gone for too long. “She was on the toilet screaming,” Phillips told WXIA. “She’s definitely a nugget,” Phillips told WXIA.

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