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☆ SEC weighs making 'adjustments' to controversial climate risk disclosure rule, Chairman Gensler says
▼ + stars: | 2023-02-10 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021. The Securities and Exchange Commission is considering easing a controversial climate risk disclosure rule it issued last year after receiving pushback from companies and investors. "Investors are making investments based on these disclosures," Gensler said. "The SEC's climate disclosure rule is a prime example of this overreach that would have a wide-ranging impact on hard-working Americans across all walks of life," McHenry said in a Feb. 3 statement. Gensler said the proposed disclosures asked for a straightforward climate transition plan from companies.

☆ Musk's Starlink internet service to be offered in the Philippines in Q1
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +1 min

MANILA, Feb 3 (Reuters) - Starlink, the satellite internet unit of Elon Musk's SpaceX, is on track to enter the Philippine market this year, with its broadband service to be introduced within the first quarter, its local partner said in a statement on Friday. "We are excited to finally introduce Starlink to the Philippine market by Q1 2023," said Anthony Almeda, Vice Chairman and CEO of Data Lake Inc, a Manila-based firm he co-owns with tycoon Henry Sy Jr.Almeda said in a statement the high-speed, low-latency broadband internet service will be "game-changing" for the Southeast Asian archipelago, where broadband coverage is patchy. In the Philippines, only seven out of every 100 people have fixed broadband subscriptions, lagging behind regional peers like Singapore, Malaysia and Thailand, data from the World Bank shows. Data Lake Inc said Philippine customers would have to shell out an initial $599 per unit and $99 for monthly connectivity service for a download speed of 200 Mbps. Reporting by Enrico dela Cruz and Karen Lema; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

☆ Investing in Space: Picture day
▼ + stars: | 2023-02-02 | by ( Michael Sheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Recently the spotlight turned to an increasingly lucrative sector of the space industry — satellite imagery — thanks to space-focused research and investment firm Quilty Analytics. The market for space pictures matured in the past decade, with expanded use in conflict hot spots, infrastructure and supply chains, to name a few. I chatted this week with Quilty's Director of Research Caleb Henry, who authored a report for the firm on "Very High Resolution" imagery. Satellite imagery "struggled to prove itself for years" as a sector in the space industry, Henry said.

☆ McDonald's Exec Slams California Lawmakers for Passing Fast-Food Law
▼ + stars: | 2023-01-26 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

The FAST Recovery Act could raise minimum wage for California fast food workers to $22 an hour. This week, a top McDonald's exec slammed lawmakers for passing the law in an open letter. AB 257 creates a 10-member council of fast food workers, franchisees, franchisors, advocates for fast food employees, and representatives from the governor's office. The organization said higher wage mandates could raise costs for California fast-food restaurants by $3 billion. "As California fast-food workers defend this landmark law and assert their voice, SEIU is absolutely committed to standing with them in their fight."

☆ Investors Push Mining Companies to Adopt Better Sustainability Standards
▼ + stars: | 2023-01-25 | by ( Dieter Holger | ) www.wsj.com time to read: +4 min

Investors are pushing miners to adopt tougher sustainability policies amid fears the rush for minerals to expand renewable energy will harm the environment and poor communities. The newly-launched Global Investor Commission on Mining 2030 said it would introduce sustainability standards by next January which will seek to overhaul the mining industry this decade. “We’ll improve the practices and outcomes in the mining industry more quickly,” he said. PREVIEWThe rules will draw on lessons from investors and the mining industry’s development of the Global Industry Standard on Tailings Management. The tailings standard came out about two years ago following the 2019 Vale SA Brumadinho disaster in Brazil where a tailings dam collapsed and killed 270 people.

☆ Cramer's lightning round: I like Entegris
▼ + stars: | 2023-01-12 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...ZIM Integrated Shipping Services Ltd : "I don't trust it. Loading chart...CF Industries Holdings Inc : "I like Mosaic more, but I like CF a lot." It's very plain vanilla, nothing really exciting about it, but that's okay." Loading chart...Clearfield Inc : "Lately, since this year began, when you see a stock go down, you've got to be very careful. Loading chart...Steel Dynamics Inc : "I like Steel Dynamics, but I love Nucor ."

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ Special Report: Boy Scouts, Catholic dioceses find haven from sex abuse suits in bankruptcy
▼ + stars: | 2022-12-30 | by ( Kristina Cooke Mike Spector Benjamin Lesser Dan Levine Disha Raychaudhuri | Kristina Cooke | Mike Spector | ) www.reuters.com time to read: +19 min

The Boy Scouts, for instance, said on a website the group set up for restructuring that it launched a “comprehensive noticing campaign” in the media. He sought compensation in the Boy Scouts bankruptcy in June, long after a deadline of November 16, 2020 for filing claims. The Boy Scouts bankruptcy reorganization plan, approved by a judge in September, halts all lawsuits against the Boy Scouts, local councils, churches and other organizations that chartered scouting activities. His case was halted by the Boy Scouts bankruptcy. Later that year, in August, he filed his lawsuit against defendants including a Boy Scouts local council and DeSandre.

☆ How a GOP-controlled House will attack ESG and corporate climate change strategy
▼ + stars: | 2022-12-21 | by ( Tim Mullaney | ) www.cnbc.com time to read: +2 min

"I don't think that's a proper characterization of my view," McHenry said in an interview with CNBC Senior Congressional Correspondent Ylan Mui. What I think corporations should do is focus on their key knitting," he said. Vanguard Group also had been scheduled to testify, but after the fund giant abandoned an investment industry climate alliance, that changed. McHenry, rated as one of the most moderate House Republicans by non-profit GovTrack US, doesn't seem interested in the state approach. "It plays politics with corporations, in the name of having corporations not play politics."

☆ Long Covid patients can face a battle trying to claim benefits through their workplace disability insurance
▼ + stars: | 2022-12-20 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +8 min

Many workers get disability coverage via an employerAn estimated 43% of private industry workers have access to short-term disability insurance through their employer, according to the Bureau of Labor Statistics. Long-term disability insurance, which is intended to kick in when necessary after short-term disability benefits run out, is available to 35% of workers. After 10 weeks of struggling, he filed another short-term disability claim when it was clear he was not improving. Toward the end of 2021, with five doctors agreeing that his condition was disabling, he again filed a long-term disability claim. In fact, cases involving denial of long-term disability benefits for long Covid are cropping up around the country.

☆ Breakingviews: FTX sins don’t absolve its big-money enablers
▼ + stars: | 2022-12-13 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

NEW YORK, Dec 13 (Reuters Breakingviews) - The U.S. Securities and Exchange Commission wants everyone to know that Sam Bankman-Fried was a bad actor. The financial watchdog and the Commodity Futures Trading Commission on Tuesday alleged that the founder of bankrupt currency exchange FTX committed fraud, while federal prosecutors made a criminal case. The U.S. government, meanwhile, has accused Bankman-Fried of eight criminal violations, ranging from wire fraud to conspiracy to commit money laundering. Follow @thereallsl on TwitterloadingCONTEXT NEWSU.S. federal prosecutors filed a criminal lawsuit against Sam Bankman-Fried, alleging he committed fraud and violated campaign finance laws. The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission also alleged Bankman-Fried committed fraud in complaints filed on Dec. 13.

☆ FTX sins don’t absolve its big-money enablers
▼ + stars: | 2022-12-13 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

NEW YORK, Dec 13 (Reuters Breakingviews) - The U.S. Securities and Exchange Commission wants everyone to know that Sam Bankman-Fried was a bad actor. The financial watchdog and the Commodity Futures Trading Commission on Tuesday alleged that the founder of bankrupt currency exchange FTX committed fraud, while federal prosecutors made a criminal case. The CFTC focused on customers, whose money it says FTX sent to Bankman-Fried’s hedge fund Alameda Research, which allegedly used it for venture investments and loans to FTX executives. loadingCONTEXT NEWSU.S. federal prosecutors filed a criminal lawsuit against Sam Bankman-Fried, alleging he committed fraud and violated campaign finance laws. The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission also alleged Bankman-Fried committed fraud in complaints filed on Dec. 13.

☆ From Disney to Target to Boeing, retirement is a thing of the past for CEOs
▼ + stars: | 2022-12-11 | by ( Bob Woods | ) www.cnbc.com time to read: +5 min

SUN VALLEY, ID - JULY 13: (L-R) Bob Iger, chairman and chief executive officer of The Walt Disney Company, Dick Costolo, former chief executive officer of Twitter, Lachlan Murdoch, co-chairman of Twenty-First Century Fox, Sundar Pichai, chief executive officer of Google, and Randall Stephenson, chief executive officer of AT&T, mingle during the annual Allen & Company Sun Valley Conference, July 13, 2018 in Sun Valley, Idaho. The average tenure for departing CEOs during that same time period was about 11 years, up from nine years in 2020. That's not surprising, because of the impact of the pandemic and [other] crises, where boards put CEO succession on hold," Anterasian said. "In our research, boards put CEO succession on hold during crises," Anterasian said. At Disney, Iger has said he will only stay on for two years before a successor takes over.

☆ BHP's Henry sees fundamentals in place for China's economic growth
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

Nov 30 (Reuters) - BHP Group's (BHP.AX) Chief Executive Mike Henry said that "all fundamentals are in place" in China for continued economic growth over the next 20 years. China, the world's second biggest economy, accounts for more than 50% of global demand for raw materials. Its economic activity has this year been dampened by targeted lockdowns in response to COVID-19 outbreaks. Speaking at the Reuters NEXT conference in New York Henry, head of the world's largest listed mining company, said he expects to see an "increasing domestic drive towards economic growth in China". Reporting by Clara Denina, Ernest Scheyder; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Jennifer Schulp, a director at the libertarian think tank Cato Institute, said the Republicans' unexpectedly tight margin of control in the House will not prompt them to tone down their rhetoric. 'REGULATORY EXUBERANCE'Patrick McHenry, a North Carolina Republican in line to lead the House Financial Services Committee in the new Congress, said in an emailed statement to Reuters before the election that Biden's administration "is pushing its agenda through financial regulators because they don’t have the votes to pass it in Congress." "Committee Republicans will work together to conduct appropriate oversight of activist regulators and market participants who have an outsized impact," McHenry said. "The appropriations process in the House will be a messaging exercise, and it's less worrisome since the Democrats will have the Senate," McGannon said. While those Senators will not be in the majority, House Republicans have also criticized companies on ESG-related matters.

☆ U.S. House committee to hold hearing on collapse of FTX
▼ + stars: | 2022-11-16 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 16 (Reuters) - The U.S. House Financial Services Committee said Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX. The committee said it expects to hear from the companies and individuals involved, including FTX founder Sam Bankman-Fried, Alameda Research, Binance, FTX and related entities, among others. House Financial Services committee top Republican Patrick McHenry said "we must get to the bottom of this for FTX’s customers and the American people. It’s essential that we hold bad actors accountable so responsible players can harness technology to build a more inclusive financial system." Last week, U.S. Senate Agriculture Committee chair Debbie Stabenow said Congress needs to pass legislation after the FTX collapse.

☆ House lawmakers call Sam Bankman-Fried, other executives, to testify at hearing on FTX collapse
▼ + stars: | 2022-11-16 | by ( Dawn Kopecki | In Dawnkopecki | ) www.cnbc.com time to read: +2 min

CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC. House lawmakers are calling FTX founder Sam Bankman-Fried and other executives to Capitol Hill to testify about the crypto exchange's collapse at a hearing in December. House Financial Services Committee Chairwoman Maxine Waters, D-Calif., and the ranking Republican Rep. Patrick McHenry, of North Carolina, are holding a rare bipartisan hearing on the matter. They plan to haul up executives from FTX, Alameda Research, Binance and others to testify as well. FTX founder Bankman-Fried admitted last week that he "f---ed up."

☆ Ballet dancers who fled Russia reunite on California stage
▼ + stars: | 2022-11-12 | by ( Rollo Ross | ) www.reuters.com time to read: +3 min

REUTERS/Mike BlakeCOSTA MESA, Calif., Nov 11 (Reuters) - Xander Parish is a British-born ballet dancer who was a principal dancer at the Mariinsky Ballet in St Petersburg, Russia. Other international dancers based in Russia also fled, leaving behind their lives, jobs and belongings. Now, for one night, the dancers from the Mariinsky, the Bolshoi and other elite Russian companies are reuniting with a performance on Saturday in Costa Mesa, California. Although the corps de ballet will be together only for one night's performance, Parish already has plans for them to do more. "Reunited in Dance" will be performed at the Renee and Henry Segerstrom Concert Hall in Costa Mesa.

☆ Washington turns up heat on crypto 'darling' Sam Bankman-Fried following FTX bankruptcy
▼ + stars: | 2022-11-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during a Senate Agriculture, Nutrition and Forestry Committee hearing in Washington, D.C., on Wednesday, Feb. 9, 2022. As FTX teeters on the brink of collapse, former CEO Sam Bankman-Fried has fallen out of favor as the industry "darling" in Washington and drawn scrutiny from regulators and lawmakers in both parties. Bankman-Fried stepped down as CEO of the cryptocurrency exchange he founded, and FTX filed for Chapter 11 bankruptcy protection, the company announced Friday. A spokesman for FTX and Sam Bankman-fried didn't return a request for comment. White House Press Secretary Karine Jean-Pierre told reporters Thursday the near collapse of FTX proves more regulation is needed.

☆ Capacity was strained because of sale-cycle elongation, says ZoomInfo CEO
▼ + stars: | 2022-11-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapacity was strained because of sale-cycle elongation, says ZoomInfo CEOHenry Schuck, ZoomInfo CEO, joins 'TechCheck' to discuss the company's quarterly earnings results, net revenue retention and more.

☆ Cloud stocks creamed as Fed indicates more rate hikes are coming
▼ + stars: | 2022-11-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Investors pounded cloud software stocks on Wednesday on concern that interest rates will rise for longer than previously expected. Cloud stocks have been particularly sensitive to rising rates as investors prefer to own stocks with stronger current earnings that are less reliant on future growth. But for money-losing companies — and many cloud stocks are not profitable — the calculus is completely different. One gauge of cloud stocks, the WisdomTree Cloud Computing Fund, is now down 51% for 2022, compared with a 110% rise in 2020. CrowdStrike , Qualtrics and other cloud software stocks have reported more scrutiny of deals in recent months.

☆ Over 200,000 trans people could face voting restrictions because of state ID laws
▼ + stars: | 2022-11-01 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +12 min

Seaton showed his state ID. “So I expect that we’re going to hear more stories of trans people being harassed, whether by voters, poll workers, poll monitors or other folks who are present during the election.”Impact of voter ID laws on trans votersVoter identification laws differ widely by state. Eight of those states have strict photo ID laws. Since the 2020 election, 12 states have enacted new or stricter voter ID laws, according to VoteRiders, a nonpartisan voting rights organization. In the 15 states without ID laws, voters’ identities are usually verified by checking them against their voter registration information, according to the National Conference of State Legislatures.

☆ Elon Musk's SpaceX partners with Philippine tycoon on satellite service
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

MANILA, Oct 27 (Reuters) - Billionaire Elon Musk's Space Exploration Technologies Corp (SpaceX) is expanding into the Philippines by offering satellite broadband service to businesses and the government, his local partner said on Thursday. Data Lake Inc, a Philippine-based firm partly owned by tycoon Henry Sy Jr, said it signed a deal to be the first partner of SpaceX's Starlink in Southeast Asia. "The Philippines is an archipelago, and connecting our country to the wider world often requires extensive infrastructure," Data Lake Chairman Anthony Almeda said in a statement. The Philippines is made up of more than 7,600 islands, many of them isolated and with mountainous terrain, making broadband coverage difficult for companies. Around 20 tropical storms also typically hit the country every year, often damaging infrastructure and cutting communication links between islands and provinces.

☆ Prison deaths mount in El Salvador's gang crackdown
▼ + stars: | 2022-10-24 | by ( Associated Press | ) www.nbcnews.com time to read: +14 min

For more than two months, Jesús carried a clipping of that photo to every prison in El Salvador, and then to every hospital. When police and soldiers fanned out across El Salvador to make their arrests, Bukele tweeted the daily number of “terrorists” detained and talked tough about making their lives miserable. A soldier frisks a motorcyclist at a checkpoint outside Comasagua, El Salvador, on Oct. 6. They should be kept behind bars for as long as possible, said Gallegos, who is also a proponent of the death penalty in El Salvador. After forming in Salvadoran immigrant communities in Los Angeles in the 1970s and 1980s, gang members brought their criminal networks back to El Salvador.

☆ The US never banned asbestos. These workers are paying the price.
▼ + stars: | 2022-10-23 | by ( Kathleen Mcgrory | Neil Bedi | ) www.businessinsider.com time to read: +39 min

But protocols failed to match reality at the Niagara Falls plant, according to more than a dozen workers. In addition to those signature diseases, which are rare even among asbestos workers, the tiny strands can harm the body in other ways. In the 15 years that followed, congressional attempts to ban asbestos would continue to fall short. OSHA declined to make an official available for an on-the-record interview or comment on ProPublica's findings at the Niagara Falls plant. At the OxyChem plant in Wichita, union president Keith Peacock said he was comfortable with the way asbestos was handled.

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