Yahoo Sports' Krysten Peek breaks down the top NBA prospects.
Yahoo Sports' Krysten Peek breaks down the top NBA prospects.
The Battery Market in Telecommunication Industry will grow by $ 4.33 bn during 2020-2024
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Buried beneath the laundry pile of new left-wing regulations the Biden administration hopes to push is a previously obscure idea whose time may, regrettably, have come: the federal corporate charter. For decades, anti-capitalist legal theorists have advocated national licensing requirements for corporations — charters that government officials could revoke for alleged misbehavior. We may soon see what that idea looks like in practice.With President-elect Biden moving quickly to staff his new administration, many observers are wondering how radical his appointees are going to be. We may not see Senators Elizabeth Warren (D., Ma.) and Bernie Sanders (I, Vt.) in the cabinet (if for no other reason than their Senate replacements would be named by Republican governors), but we will likely see many new senior federal officials in their mold. CNN reported this week that “Elizabeth Warren's fingerprints are all over the Biden transition, much to Wall Street's dismay.” Our friends on the Street are wise to be dismayed.We can get a good idea of what Warren-style officials would want by looking at the senator’s own Accountable Capitalism Act, an admittedly aspirational piece of legislation introduced in August 2018 as Warren herself was preparing to run for the Democratic nomination for president. The very first item that Warren’s office listed in its press release on the bill is the provision for a federal corporate charter, which would cover any American company with more than $1 billion in annual revenue.The Accountable Capitalism Act would require such corporations to reject the traditional obligation — and long-standing legal precedent — to maximize value for shareholders and instead embrace a “stakeholder” model that “obligates company directors to consider the interests of all corporate stakeholders,” including “communities in which the company operates.” The bill would also create the Office of United States Corporations at the Department of Commerce, which would have the authority to punish any company deemed insufficiently solicitous to stakeholder interests.The legislation invites state attorneys general to petition the director of the Office of Corporations with the names of firms that they consider unworthy. The director would then have it in her power to revoke the charter of any corporation, giving the company in question one year until its ability to operate expires. The only escape from the verdict of the Office of Corporations would, apparently, be a direct appeal to Congress. Warren’s office describes the process by which a company would use its one-year countdown-to-destruction “to make the case to Congress that it should retain its charter.” This special act of Congress, setting aside a particular charter revocation, would be a sort of reverse Bill of Attainder for the corporation in question.Proponents of this “corporate death penalty” assure us that it is not a radical or untested method of regulating business, pointing back to the early days of the republic, when corporate charters were more limited in issuance and duration, and throughout the 19th century, when they were much more frequently revoked by state officials. There was a time, they remind us, when being allowed to form a corporation at all was a special privilege that monarchs and legislatures extended only to enterprises that were judged to be “beneficial to the public interest,” rather than to any old group of investors seeking to pool their resources.Left-wing critics are certainly correct that it was more difficult to form a corporation in the 18th and early 19th centuries, but returning to such a system would hardly be an improvement. One of the many things that we can be proud of in American history is the gradual move away from an economy in which citizens have to beg the government for preference and permission and toward a system in which citizens are generally allowed to conduct their peaceful business as they see fit. During the 19th century we shifted from a system under which the grant of a corporate charter was a one-off special favor, and adopted what was, in effect, a “shall issue” presumption that allowed people to form and operate corporations — as the legal phrasing goes — for “any legal purpose.” Turning the clock back would be social regress, not reform.Senator Warren’s legislation would put the continued existence of every large corporation in the country in the hands of a single sub-cabinet-level political appointee, empowered to determine whether a firm’s “misconduct” had “caused significant harm” to customers, employees, shareholders, or business partners. That last item seems like an odd inclusion, and it could be the worst. Any company that does business with your company and doesn’t like your latest terms could attempt to haul you before the federal Office of Corporations firing squad as a way of playing hardball. Even if unsuccessful, such a review could torpedo the share price of the target company.What price would a company pay if its very existence were on the line? Almost anything short of being legally dissolved suddenly becomes plausible, which is why a future Director of the Office of Corporations would quickly become more powerful than the Department of Justice’s antitrust division, the Securities and Exchange Commission, and even the President himself. The ability to bend the corporate titans of Wall Street and Silicon Valley to your will with the mere suggestion of a charter review would make the ring-makers of Mordor blush: It would permanently institutionalize regulation by shakedown and eliminate due process for shareholders.Suppose, for example, that a left-wing Office of Corporations director decides that ExxonMobil has caused “significant harm” to the global environment by contributing to climate change. Say goodbye to the $150 billion of wealth owned by Exxon’s shareholders. But don’t stop there: Who is to say that the director of President Josh Hawley’s Office of Corporations won’t decide that Apple has done “significant harm” to national security by collaborating with Communist officials in China? There goes another $2 trillion. Hope you weren’t planning to retire anytime soon.The Accountable Capitalism Act isn’t going anywhere in Mitch McConnell’s Senate, but runoff elections in Georgia and a challenging 2022 map for Republicans could change that. Even if the GOP manages to maintain a majority in the upper chamber, supporters of a free and growing economy need to mobilize now to head off ideas like this before they get the “pen and phone” treatment from an incoming administration that has already telegraphed its willingness to make policy without the agreement of Congress.
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Staying home has given us the chance to test a lot of health, wellness and beauty products, and these gems are making 2020 a little more bearable.
President-elect Joe Biden has selected former Secretary of State John Kerry to serve as a “special presidential envoy” for the climate crisis as part of the incoming administration. Mr Kerry will serve in the role as part of the National Security Council, which the president-elect’s transition team said will reflect his administration’s “commitment to addressing climate change as an urgent national security issue."
Toronto, Ontario--(Newsfile Corp. - November 23, 2020) - SustainCo Inc. (TSXV: SMS), awaiting name change to Universal PropTech Inc. (the "Company"), is pleased to announce that it has entered into a Collaboration and Commercialization Agreement with Delta-X Global Corp. to bring their Proprietary Face and Temperature Recognition software technology, Delta-XTM Trust, to market. Facility owners and front-line workers are dealing with an extraordinary increased security and health risks of allowing and enabling the spread ...
Government's scientific advisers warned a fourth tier could be required in run up to Christmas
For his second "Executive Decision" segment of Mad Money Friday night, Jim Cramer spoke with Laura Alber, president and CEO of Williams-Sonoma , the home goods retailer. Alber noted that Williams-Sonoma also has a thriving commercial business as well, helping to outfit restaurants, cafes and retailers with high-quality and stylish furnishings. In this updated daily bar chart of WSM, below, we can see that the shares have resumed their uptrend with higher lows and higher highs into late November.
FDA Expands Approval of Influenza Treatment to Post-Exposure PreventionPR NewswireSILVER SPRING, Md. 23, 2020 /PRNewswire/ -- Today, the U.
If you love eggs and they’re always on your list when you’re grocery shopping, then this Egg Cooker from Dash should definitely be on your kitchen counter. The Dash Egg Cooker looks like George Jetson’s flying car and operates like it’s from the future. It fits up to six hard-boiled eggs, two poached eggs if you’re in the mood for eggs Benedict and one single omelet.
"Respect for our Black bodies and our Black lives must be a core value for those who are working to find the vaccine," a group of Black doctors wrote in an open letter.
Whether or not you should travel this Thanksgiving, or even gather at all, comes down to a risk assessment. US infectious disease expert Dr. Anthony Fauci and the Centers for Disease Control and Prevention have already advised against Thanksgiving travel. “Celebrating virtually or with the people you live with is the safest choice this Thanksgiving,” according to the CDC.
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Enterprise Holdings Foundation Launches New “ROAD Forward” Initiative While Expanding Existing “Fill Your Tank” CommitmentSupport for My Brother’s Keeper Alliance, UNCF, Girls Inc. and Parents as Teachers to Drive Social and Racial Equity in Local CommunitiesST. LOUIS, MO, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Enterprise Holdings, through the Enterprise Holdings Foundation, is elevating its focus on diversity, equity and inclusion with a new five-year, $55 million commitment to organizations that advance social and racial equity in communities around the world. The company’s new initiative, Enterprise Holdings ROAD Forward, will increase Respect, Opportunity, Achievement and Diversity (ROAD) for youth and families by addressing three social and racial equity gaps in need of urgent attention: early childhood development, youth health and wellness, and career and college preparation. “Diversity, inclusion and strengthening the communities where we operate have been part of our guiding principles for more than 60 years,” said Enterprise Holdings Foundation President Carolyn Kindle Betz. “The Enterprise Holdings ROAD Forward initiative will open new doors for individuals in our communities who are disproportionately affected by lack of access to resources in the areas of education, health and wellness.”In conjunction with the Enterprise Holdings ROAD Forward initiative, the Foundation is pledging an additional $65 million into Enterprise Fill Your Tank, a program launched in 2016 that has contributed more than $50 million to address food insecurity in local communities – an issue that often disproportionally affects people of color.The company is pledging the funds to extend the program for five more years. The funds will continue to be distributed annually among Feeding America, Food Banks Canada and the Global FoodBanking Network, in addition to other local food banks and pantries in the communities served by Enterprise.“Hunger is one more obstacle to success for too many young people of color, and we felt expanding our existing Fill Your Tank commitment was a natural complement to the ROAD Forward initiative.” Betz added. “Our decision to extend Fill Your Tank and launch ROAD Forward was also inspired by our employees, who often ask the Foundation to support causes they are passionate about.”Paving the ROAD ForwardAs part of the Enterprise Holdings ROAD Forward initiative’s commitment to young people of color in underserved communities, the company will work with four nationally renowned nonprofit organizations – The Obama Foundation’s My Brother’s Keeper Alliance, UNCF, Girls Inc. and Parents as Teachers.Through these four distinct partnerships, the initiative will bring meaningful impact to local youth and families in the following ways: * Early childhood development: Support for Parents as Teachers will enable the organization to broaden the reach and effectiveness of its proven early childhood education programs to better connect with the needs of Black, Brown and Native American children. Key objectives of the partnership include refining its curriculum for diverse audiences, creating professional development sessions, subsidizing cultural adaptations of existing programs, translating program materials into Somali, Spanish and other languages, and underwriting new data equity research. * Youth health and wellness: Support for My Brother’s Keeper (MBK) Alliance will advance their mission to build safe and supportive communities for boys and young men of color where they are valued and have clear pathways to opportunity. Key objectives include supporting the 19 MBK Impact and Seed Communities in documenting and broadly disseminating best practices, lessons learned, and stories of inspiration and hope from youth and community leaders; and launching the MBK Framework to Affect Systems Change, which will help the hundreds of MBK Communities better define, document and increase their impact. * Youth health and wellness: Support for Girls Inc. will continue their mission to help all girls grow up “strong, smart, and bold” by funding work to assess and refine the organization’s proven Social and Emotional Learning frameworks that address racial injustice and inequities. Then, putting the updated framework into action with education, training and mentorship facilitated through affiliate programs. * Career and college preparation: Through UNCF, Enterprise will support more than 70 scholarships for first-generation Black college students to cover critical, but often unmet needs that can create barriers to college completion or successful career transitions. Scholarships will support non-tuition-related student needs such as emergency expenses, stipends to support extracurricular professional development and educational loan repayment.“We are grateful for Enterprise acting with intention to address the systemic barriers that deny dreams for far too many of our kids,” said Michael D. Smith, Executive Director, My Brother’s Keeper Alliance. “Enterprise’s support will help accelerate impact in MBK Communities to reduce youth violence, grow effective mentorship programs, and measurably improve the lives of boys and young men of color.”“We are honored and obliged to serve as Enterprise’s early childhood development partner on this important ROAD forward,” said Constance Gully, President and CEO, Parents as Teachers. “Working with parents directly during the most vulnerable stages of their child’s early development has a direct effect on reducing the educational disparities that can later result in income and health gaps. This generous investment in the work of Parents as Teachers will provide vital resources to reach and more effectively meet the needs of the thousands of Black, Brown, and Native American families we partner with across all 50 states.” “Providing girls with social and emotional support is critical to their well-being and ensures they can lead healthy and fulfilling lives. During these unprecedented times the need is even greater, especially for girls of color and those from underserved communities,” said Dr. Stephanie J. Hull, President and CEO, Girls Inc. “We are grateful to Enterprise for their partnership and investment in the work Girls Inc. is doing to further strengthen our capacity to provide girls with the experiences and mentorship that enable them to thrive.” “Support from the Enterprise ROAD Forward initiative is critically important for the talented and deserving students we serve,” said Dr. Michael L. Lomax, President and CEO, UNCF. “This new scholarship program helps us continue to empower more students of color to get to and through college. That is especially important now as we all face rising racial injustice and a health pandemic that’s affecting our communities quite severely. Thank you, Enterprise, and we look forward to working with your team to build better futures for many others.”In addition, the Enterprise Holdings ROAD Forward initiative will allocate funds to its 70+ global operating teams over the next five years, empowering employees to take the lead in identifying pressing issues related to the program’s three focus areas in their communities and supporting local organizations that are best equipped to address them. “These actions are the next steps in what will be a continuous journey to elevate our focus on equality and diversity – and to continue breathing inclusivity in everything we do,” said Enterprise Holdings President and Chief Executive Officer Chrissy Taylor. “It mirrors our internal efforts to advance social and racial equity within our very own walls – from our mentorship programs, to introducing new training and development and diversity councils, to forums that drive honest dialogue on these critical issues.”The founder of Enterprise, Jack Taylor, established the company in 1957 with a fleet of seven cars. Today, Enterprise operates in more than 100 countries and territories and is the largest car rental company in the world, based on revenue, fleet size and number of locations. Jack Taylor started the Foundation in 1982 to give back to the communities that drove Enterprise’s growth and success. Since then, the Foundation and the Taylor family have contributed more than $1.4 billion to thousands of local nonprofits, with a special focus on community improvement, education and environmental stewardship. Meanwhile, each year Enterprise employees contribute their time and skills to thousands of national and local organizations in the cities and neighborhoods they serve. For more information about Enterprise Holdings’ philanthropic initiatives, visit https://www.enterpriseholdings.com/en/corporate-social-responsibility/philanthropic-initiatives.html.About Enterprise HoldingsEnterprise Holdings, Inc. is a leading provider of mobility solutions, owning and operating the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands through its integrated global network of independent regional subsidiaries. Enterprise Holdings and its affiliates offers extensive car rental, carsharing, truck rental, fleet management, retail car sales, as well as travel management and other transportation services to make travel easier and more convenient for customers. Privately held by the Taylor family of St. Louis, Mo., Enterprise Holdings manages a diverse fleet of nearly 1.7 million vehicles through a network of more than 9,500 fully staffed neighborhood and airport rental locations in nearly 100 countries and territories. For more information about Enterprise Holdings Inc., visit www.enterpriseholdings.com. CONTACT: Monique LeNoir United Negro College Fund, Inc. (UNCF) 202-810-0231 firstname.lastname@example.org Sara Miller Enterprise Holdings Sara.email@example.com
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