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The benchmark 10-year yield, which hit a session high of 0.888%, was last up 2.4 basis points at 0.8832% and the yield curve steepened. The yield on 30-year bonds was last up 4.4 basis points at 1.6072%. "With yields of 85 or 88 basis points, that's not very attractive on the 10-year (note), and (people are) going to look for returns elsewhere," he said.
US President Donald Trump visits his campaign headquarters in Arlington, Virginia, November 3, 2020. – A bitterly divided America was going to the polls on Tuesday amid the worst pandemic in a century and an economic crisis to decide whether to give President Donald Trump four more years or send Democrat Joe Biden to the White House. A record-breaking number of early votes — more than 100 million — have already been cast in an election that has the nation on edge and is being closely watched in capitals around the world. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) Donald Trump’s presidency is finally coming to an end. But one important question — other than whether Trump can run again in 2024 — is whether he is allowed to pardon himself from the litany of legal investigations and civil suits he faces upon leaving office. In case you need a reminder, Trump is currently under investigation for insurance fraud, criminal tax evasion, grand larceny, and a scheme to defraud. He is also still being sued by writer E. Jean Carroll for rape. In part, many believe that Trump’s disproven claims of election fraud are just a ploy to run the clock that will eventually land him behind bars. So the question is, what kind of power does the president really have to pardon himself? According to Article II of the Constitution, a sitting president “shall have Power to grant Reprieves and Pardons for Offenses against the United States, except in Cases of Impeachment.” That may sound like we have already answered the question; however, therein lies a small yet important technicality within that phrase that requires some unpacking. The operative word? Grant. Because of this, we are actually asking the wrong question: It’s not about whether Trump can pardon himself, but whether he can grant himself a pardon. This may sound like the exact same question but bear with us. According to context clues from the text of the Constitution and the word’s meaning at the time it was written, the answer is no. He cannot pardon himself. The president only has the power to grant pardons. For context, the same word appears multiple times in various clauses of the Constitution. Every time the word appears, “grant” is a transmissive term meaning it is from one entity to another, reports The Atlantic. It is not used reflexively as in “to grant oneself” a pardon — it is always used interpersonally. Comparing a word to its uses in other instances within a historical or legal document is a common technique used by judges and legal scholars to surmise the intended meaning in context. If a court were to base its judgment solely on the context of the word in the Constitution, it would be reasonable to determine that the president cannot, in fact, grant himself a pardon. But it probably wouldn’t be that simple. One of the most common legal interpretive methods, promoted by Justice Antonin Scalia and popularized among conservatives, is to look for a term’s “original public meaning.” This would involve looking at how everyday English speakers in the late 1700s would have understood the word should they have read it in a legal document. To get an answer, one would have to look through legal dictionaries of the time. The most popular legal dictionary at the end of the 18th century was The Law-Dictionary: Explaining the Rise, Progress, and Present State of the English Law; Defining and Interpreting the Terms or Words of Art; and Comprising Copious Information on the Subjects of Law, Trade, and Government (give us a second to catch our breath). In it, the word grant has the singular definition of meaning “a deed which passes or conveys land from one man to another.” (Zoom in on “to another.”) Nowhere in that dictionary does it say that a person could grant something to themselves. Furthermore, the idea of a reflexive use of the term reportedly didn’t exist in popular language at the time. So based on context clues from the original document, legal dictionaries in use at the time, and the development of the English language in the last few centuries, the seemingly inconsequential word “grant” might have just kept us away from an even more complicated end to Trump’s presidency. Like what you see? How about some more R29 goodness, right here?Trump Once Accused A Turkey Of Refusing To ConcedeWhy Trump Supporters Refuse To Believe He Lost21 GOP Senators Privately Express Hatred For Trump
Century Communities, Inc. (NYSE: CCS), a top 10 national homebuilder, is excited to announce that it's joined Aurora's popular Harmony community. Century Communities is now selling two single-family home collections at Harmony—including 6 completely brand-new floor plans, with a versatile selection of ranch and two-story layouts featuring 3-bay garage options. Boasting over 1,300 acres with an abundance of community amenities, Harmony offers access to more than 10 miles of trails, an outdoor pool, a park, a dog park, a neighborhood P-8 school, and more. The development also has plans for a clubhouse with a fitness center and movement studio.
Market participants continue to look past the short-term surge in Covid-19 cases and are embracing the standard reopening plays, such as retailers, airlines, and oil. The primary focus is on price action and it is a well-known fact there is a strong positive bias from the close on Tuesday to the close on Friday.
President-elect Joe Biden introduced his diverse foreign policy team Tuesday, sharing personal anecdotes to describe sometimes esoteric assignments.
We have all been through a lot in 2020—no need to list it all here—the holidays ahead offer a welcome opportunity to enjoy and celebrate. After relishing a wonderful Thanksgiving most families will begin to focus on Christmas. Now comes the big decision; do you want to create great family Christmas memories? We recommend having a fun time picking out a real Christmas tree. Choosing a real Christmas tree is more than a special time for your family, your choice of a farm-grown Christmas tree is better for the environment and supports local farmers.
Robert Streb was too young at age 33 to have look back at his only PGA Tour victory six years ago instead of looking ahead to what might be his next one. Both are part of a remarkable trend during this fall portion of the new PGA Tour season. Cink was No. 319 in the world when he won the season opener in the Safeway Open.
Fred VanVleet hasn’t been back to Toronto since March and isn’t sure when he’ll be back to the city that he’ll technically be calling home for at least the next four years. VanVleet — the guard who finalized his four-year, $85 million contract to remain with the Raptors on Tuesday — said he’s excited for the team’s looming temporary move to Tampa, Florida. Toronto will play its home games for at least the first part of this season in Tampa because of the ongoing coronavirus pandemic and how the U.S-Canada border remains closed to non-essential travel.
Jordan Brand is celebrating the retro Jordan 11's 25th anniversary with the 'Jubilee' colorway. Here's our review of the new Air Jordan 11 sneaker.
Joe Harris wont lie: He really only had Brooklyn on his mind during free agency.
(Bloomberg) -- As the world begins to position for Joe Biden’s move into the White House, few leaders are moving as quickly as Recep Tayyip Erdogan with the next four years looking set to be more difficult to navigate than the last.Turkey’s president and his advisers know the former U.S. vice president well, but that isn’t necessarily a plus with American sanctions against Turkey ready to deploy and held back to date only by Donald Trump.By the time Biden left office in 2017, he had overseen a collapse in relations from close partnership to mutual distrust. In an interview with the New York Times published in January, he called Erdogan an “autocrat” and said the U.S. should back opponents to oust him at the ballot box. “He has to pay a price.”That price could be significant. As well as the threat of sanctions, potentially heavy penalties hang over a Turkish state bank. There are also unresolved differences over the status of Kurdish fighters in Syria, Turkey’s maritime claims in the Mediterranean and other areas.Concern over what could come next may help to explain the Turkish leader’s decision to congratulate Biden and accept his victory in contrast to other strongmen who have benefited from Trump’s tenure, such as Brazil’s Jair Bolsonaro or Russia’s Vladimir Putin.Ahead of last weekend’s virtual Group of 20 video summit, Erdogan spoke in a phone call with Saudi host King Salman. Both countries have angered Washington’s foreign policy establishment, but enjoyed protection from Trump.In a speech on Saturday, Erdogan pushed back against the idea that Turkey’s recent befriending of Russia was “an alternative to our long-established ties with America.” And on Sunday, he called for closer cooperation with Europe, with which he’s been sparring for months.Erdogan was able to do as he liked for four years because he had a friend in the White House, said a foreign policy aide to a Democratic Party senator. That will change with an administration that will take a more “responsible” approach to the Turkish president, the person said.The last few years have seen Erdogan adopt a much more assertive foreign policy that racked up successes in Syria, Libya and most recently Azerbaijan, often at the expense of stronger powers. He even tried taking on financial markets, pressuring Turkey’s central bank to keep interest rates low and pumping credit into the economy long before Covid-19 struck.To Read More: Turkey’s War Against the MarketsThe next American leadership is taking shape. Biden intends to nominate Antony Blinken, his national security adviser when he was vice president under Barack Obama, as secretary of state. Yet just how differently a Biden administration would in reality treat Turkey is unknown.A spokesperson for the transition team declined to comment on plans for Turkey, saying Biden believed in the principle that U.S. foreign policy should be run by one president at a time.Erdogan appears to be preparing for the worst. Turkey’s parliament approved legislation on Thursday to repatriate Turkish energy and mining companies established abroad. A Turkish Energy Ministry official said the move aimed to guard against the impact of potential sanctions.On Nov. 7, the day Biden’s election victory was called, Erdogan fired his central bank chief and switched to less risky monetary and fiscal policies. The timing may have been coincidence, given that a correction was overdue to avoid a looming financial crisis. Still, it will also help make the economy more resistant to shocks.The bank’s new governor raised interest rates sharply, stabilizing the lira. On Tuesday, Turkey took another step toward more orthodox economic management by abolishing a rule that forced lenders to extend credit and buy government debt.Those shocks could now come rapidly. Erdogan’s 2019 decision to take delivery of the S-400 surface-to-air missile defense systems from Russia is subject to sanctions mandated by Congress.Trump “doesn’t want to sanction Turkey and that’s perfectly clear,” said former National Security Adviser John Bolton. “He buys the Erdogan argument that Obama prevented Turkey from buying Patriots and he had no choice but to buy the S-400, which is a crock.”Biden, vice president at the time of the Patriot talks, is unlikely to adopt that line. An amendment wending its way through Congress would in any case force the president to choose a minimum of five sanctions to impose on Turkey from a menu of 12. Options range from the symbolic to the crippling exclusion of sanctioned entities from all financial transactions under U.S. jurisdiction.Then there’s a court case against Turkey’s state-owned Turkiye Halk Bankasi AS. The bank was indicted last year for alleged fraud and money laundering in the course of helping Iran evade U.S. sanctions to the tune of $20 billion. In June, Trump forced the resignation of the lead prosecutor in the case. Halkbank denies the charges and the case goes to trial in March, two months after Biden’s inauguration.EU leaders, meanwhile, will again in December discuss calls from Greece and Cyprus—strongly backed by France—to sanction Turkey over its energy exploration in waters they claim in the Eastern Mediterranean.“I am sure that President Biden will contribute to the restoration of collective security balances in our sensitive region, a region that he knows well as he’s been following it for decades,” Greek Prime Minister Kyriakos Mitsotakis said on Nov. 11 after a meeting in Athens with Egyptian President Abdel Fattah El-Sisi, another Erdogan critic.Turkish officials say they got little from Trump—in particular, failing to extradite Fetullah Gulen, the faith leader Turkey accuses of heading a failed coup attempt in 2016. And there are signs that Erdogan’s White House protection may already be ebbing.Secretary of State Michael Pompeo briefly met with French President Emmanuel Macron, a bitter Erdogan critic, in Paris last week and called on the U.S. and Europe to join in countering Turkey’s recent “aggressive” actions in the region. Visiting Turkey afterward, Pompeo didn’t travel to Ankara to meet Erdogan.Turkish officials say they see Syria as the most important potential challenge for Biden, who said during the election campaign he favored keeping U.S. special forces there. Trump withdrew some of those in 2019 and made way for Turkish troops to clear the border areas of Kurdish fighters that it sees as terrorists, but are U.S. allies in the fight against Islamic State.There’s no obvious solution to some U.S.-Turkish disputes, and there may be limits to how far Erdogan can go in making compromises, even if he wants to. The government of Turkey’s ruling AK Party rests on a coalition with the nationalist MHP party, which would likely resist any concessions to the U.S.“We’re not supporters of Biden or in love with Trump,” MHP leader Devlet Bahceli said in a recent speech. “We await prepared—in caution and suspicion.”(An earlier version of this story corrected the attribution in the eighth paragraph.)(Adds Turkish banking regulator in 14th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Lima, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Lima, PERU, November 24th, 2020 – Credicorp Ltd. announces to its shareholders and the market the schedule defined for the issuing of 2021 Quarterly Earnings Releases. This schedule is published in Credicorp’s website: www.credicorpnet.com under section Financials / Conference Calls, Upcoming Events. Any change to this schedule will be communicated through a new Press Release. 1Q21 Earnings Release Date for the issuing of Earnings Release Report: Thursday May 6th, 20212Q201Earnings Release Date for the issuing of Earnings Release Report: Thursday August 12th, 20213Q21 Earnings Release Date for the issuing of Earnings Release Report: Thursday November 4th, 20214Q21 Earnings Release Date for the issuing of Earnings Release Report: Monday February 7th, 2022Credicorp reminds you that: 1. The details of the Conference Call are usually provided 15 calendar-days before the publishing of each Earnings Release; and 2. The issuing of each Earnings Release can be done between 5:00 pm and 8:00 pm (Lima time). About Credicorp Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia and Bolivia. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Credito del Peru - BCP and Banco de Credito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Banking & Wealth Management, through Credicorp Capital, Wealth Management at BCP and Atlantic Security Bank. For further information please contact the IR team:firstname.lastname@example.orgInvestor Relations Credicorp Ltd.
Chinese ride-sharing company Didi began rolling out a service in Mexico this week to let female drivers select only other women as their passengers, a move aimed at encouraging their safety as the country confronts worsening gender violence. Called "Didi Mujer," or Didi Woman, the program is being piloted in Mexico City, Guadalajara, Monterrey and Tijuana, and Didi hopes if more women join the platform, passengers eventually will be able to exclusively choose female drivers. Didi's rival, Uber Technologies Inc, earlier this month also launched an option for female drivers in Mexico to select only women passengers, in line with a similar Uber program in Saudi Arabia.
A noted short-selling analyst issued a bullish take on the stock. The report is all about MicroStrategy's massive bitcoin investment.
Skydance Media, the production company behind "Mission: Impossible," "Terminator" and "Top Gun," has hired Rebecca Hall as the new head of marketing. Along with news of Hall's hire, Skydance announced that Jack Horner is departing his post as executive VP of corporate communications and publicity, while Anne Globe is exiting as chief marketing officer. In […]
Johnny McCants and his New Mexico State teammates have settled into a routine less than a week after the team temporarily relocated to Arizona. The Aggies football team stayed home after the school opted to not play fall sports due to the state's restrictions.
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Springfield, MO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- BKD Capital Advisors (BKDCA) is pleased to announce that First Illinois Bancorp, Inc. (First Illinois), the holding company of Lindell Bank & Trust Company (Lindell Bank), and Rockwood Bancshares, Inc. (Rockwood), the holding company of Rockwood Bank, have completed a merger in which Rockwood has become a wholly owned subsidiary of First Illinois. BKDCA served as the exclusive financial advisor to Rockwood in this transaction.With the merger complete, Rockwood Bank is expected to consolidate into Lindell Bank and begin operation under the Lindell Bank name in the second quarter of 2021.Lindell Bank and Rockwood Bank share a proud heritage of serving local communities. Lindell Bank serves its customers through 12 banking facilities across Missouri and Illinois. Rockwood serves its customers through four facilities in Missouri. Currently, Lindell Bank has total assets of approximately $540 million, Rockwood Bank has total assets of approximately $270 million and the combined banking organization will have total assets in excess of $800 million.Rockwood sought a capital advisor to help secure its future growth. Ultimately, Lindell Bank was selected as the ideal choice for Rockwood Bank as both organizations have a strong commitment to customer service and this acquisition will help provide additional conveniences, products and services to the communities Rockwood Bank serves.Polsinelli PC served as legal advisor to Rockwood in this transaction. Lewis Rice LLC served as legal advisor to First Illinois in this transaction.For more information about the transaction, please contact BKD Trusted Advisor™ Wyatt Jenkins at 417.234.0320 or email@example.com.-30-BKD Capital Advisors Founded in 1994, BKD Capital Advisors, LLC, a wholly owned subsidiary of BKD, LLP, is a leading investment banking firm providing merger and acquisition, capital formation and strategic advisory services to middle-market companies. BKD Capital Advisors has offices in four cities in the U.S., including Chicago, Denver, Indianapolis and Springfield, Missouri. BKD Capital Advisors is a member of FINRA and SIPC. CONTACT: Travis Bradshaw BKD CPAs & Advisors 816-221-6300 firstname.lastname@example.org
VMware stock rose late Tuesday as earnings and revenue for the October quarter topped consensus estimates despite weakness in its on-premise business during the coronavirus pandemic.
Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) ("BBVA Argentina" or "BBVA" or "the Bank") announced today its consolidated results for the third quarter (3Q20), ended on September 30, 2020.