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Paige Vickers

Good evening. Here is your news brief.

A wild day in Washington

...but agreed with him on a trade deal... Democrats are claiming victory after reaching an agreement with the White House on an update to the 25-year-old North American Free Trade Agreement—but the Senate will not take it up this year due to president Trump’s impending impeachment trial, The Hill reports.

McConnell: Senate will not take up new NAFTA deal this year

As of Tuesday, the World Trade Organization's appellate body no longer has enough members to function because the US is blocking new member appointments. So WTO dispute rulings will not be enforceable going forward. With the global trading system under this kind of pressure, regional deals like USMCA

As of Tuesday, the World Trade Organization's appellate body no longer has enough members to function because the US is blocking new member appointments. So WTO dispute rulings will not be enforceable going forward. With the global trading system under this kind of pressure, regional deals like USMCA (new NAFTA) will become an even more important part of trade policy.

...and even insurance companies got in on the act. US health insurers sued the government for denying their claims—apparently failing to see any irony—saying that they are owed $12 billion for losses in connection to Obamacare's "risk corridors."

Health insurers fighting claim denials made some seriously ironic arguments at the Supreme Court

I couldn't help chortling in court today when the attorney for a bunch of US health insurers complained that there was nothing more pernicious than an insurance program that won't pay what's promised. HA! Americans would have had a good laugh if cameras were allowed in the courtroom. But they are not

I couldn't help chortling in court today when the attorney for a bunch of US health insurers complained that there was nothing more pernicious than an insurance program that won't pay what's promised. HA! Americans would have had a good laugh if cameras were allowed in the courtroom. But they are not so few got a chance to see insurers fighting the US government for allegedly promised funds and experiencing what the insured feel when dealing with health institutions.

Journalists love a deadline

Netflix hits and misses

Global tech battles for Africa

Energize your meetings with a power playlist

Judgement day for the world's most valuable fintech

Looking for a new job?

How safe are volcano vacations?

Matters of debate

Private companies shouldn’t bankroll the public good. Corporations can use their funding power in public-private partnerships to influence policymakers’ priorities, mask their own bad behavior, or even cause additional harm.

Why private companies should stop giving money for good causes

I don't think a blanket ban on public private partnerships is the solution. More transparency is. But done right, public private partnerships can help fund critical work for the social good that otherwise won't be funded.

There's no question that there's an underlying risk of bias and foul play behind public-private partnerships, but we're also in an age of accountability where customers are clamoring for transparency.

That desire can help these partnerships get better and take on the bad actors. It's ambitious, but

There's no question that there's an underlying risk of bias and foul play behind public-private partnerships, but we're also in an age of accountability where customers are clamoring for transparency.

That desire can help these partnerships get better and take on the bad actors. It's ambitious, but necessary, especially since we can put money to the right work.

Not all companies are as duplicitous as some the pharma companies that fund research into their own products. Some companies go so far as to obscure their participation on good works that have no relationship with their business. Companies are no better or worse than the people that run them . Each case

Not all companies are as duplicitous as some the pharma companies that fund research into their own products. Some companies go so far as to obscure their participation on good works that have no relationship with their business. Companies are no better or worse than the people that run them . Each case needs to be evaluated on its own merits

What is the real purpose of companies? Only their behavior can tell us. Employee and consumer expectations have changed and it won’t be long before business leaders are forced to catch up.

What is the real purpose of companies? Only their behavior can tell us

It will be interesting to see how companies measure success now that the Business Roundtable has challenged them to think differently about purpose. From my perspective, those that follow purpose like a north star and make decisions that go beyond the bottom line, will be positioned to win.

The purpose of corporations is being increasingly challenged. It can't merely be for shareholder returns. The Business Roundtable dropped shareholder primacy in August as the debate intensifies. Perhaps we are indeed all becoming Japanese, for when I arrived there in the 1990s they told me that the shareholder

The purpose of corporations is being increasingly challenged. It can't merely be for shareholder returns. The Business Roundtable dropped shareholder primacy in August as the debate intensifies. Perhaps we are indeed all becoming Japanese, for when I arrived there in the 1990s they told me that the shareholder wasn't the most important stakeholder, to the shock of my investor friends. Maybe we are returning to old values.

Roger Martin has said that there is a real market, where goods and services are made and traded, and an expectations market which looks further out and makes bets on what things will look like in the future. In the world of sports, these 2 markets are separate. But in the business world business managers often overtly intervene in the expectations market. For example by doing share buy backs in order to push the stock price higher. In a world of shareholder primacy, US companies have been putting all the gains from recent corporate tax cuts into buybacks instead of investment or employee wages which was allegedly the policymakers goal for the cuts. Western society is starting to acknowledge that there are other stakeholders apart from shareholders (and the board of directors who have a vested interested in doing buybacks to push up short term share prices). In a world of changing employee and consumer tastes and demands - whilst the economy appears unfair to many - I would expect these debates to continue.

Arts, letters, and the future

Time to ride off into that sunset...for now.

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If Howard Schultz Really Wants to Run for President, He Should Do It as a Republican

If Howard Schultz Really Wants to Run for President, He Should Do It as a Republican

Read more on Slate Magazine

Contributions

  • I think having an American party sounds like a great solution. Someone who reflects the middle of the political spectrum.

    Americans in the middle of this country continue to be frustrated that they have no voice and are sick and tired of the shenanigans in DC. We’ve learned we do have a voice based

    I think having an American party sounds like a great solution. Someone who reflects the middle of the political spectrum.

    Americans in the middle of this country continue to be frustrated that they have no voice and are sick and tired of the shenanigans in DC. We’ve learned we do have a voice based on the electoral college and we might try to use that again.

    If the Democrats and Republican do not want to be split, I suggest they let go of their extreme ideologies and move to the middle. Americans want to get along and succeed together.

  • So says a liberal journalist hoping Schultz doesn’t siphon off votes from their champion..Elizabeth Warren. Lol! Our 2 party system is in jeopardy right now because of how we run primaries and the money funneled into campaigns by about 20 very rich donors. Until we fix campaign finance... our system

    So says a liberal journalist hoping Schultz doesn’t siphon off votes from their champion..Elizabeth Warren. Lol! Our 2 party system is in jeopardy right now because of how we run primaries and the money funneled into campaigns by about 20 very rich donors. Until we fix campaign finance... our system incentivizing more extremes on each side will continue.... meanwhile the middle gets scorned.

  • Yes, except for the fact that Schultz's values are far too left leaning to garner any real support from the Republican base. That coupled with the fact that Trump has record approval numbers within the Republican party makes this an absolutely terrible idea.

  • I’m not sure I agree with the premises... for starters there is an assumption of what Schultz’s platform would be and its alignment to Republicans. It’s unclear at this point and pure speculation.

    Second there’s the notion of zero sum. That an independent candidate will take votes away. It doesn’t

    I’m not sure I agree with the premises... for starters there is an assumption of what Schultz’s platform would be and its alignment to Republicans. It’s unclear at this point and pure speculation.

    Second there’s the notion of zero sum. That an independent candidate will take votes away. It doesn’t take into consideration that an expressive part of the electorate doesn’t vote, and it might feel compelled to show up if a point of view other than the established two parties were available.

  • This isn't the best argument but it's a solid one.

    With Romney hinting more and more that he may try to primary out Trump in 2020, there's a chance (albeit slim right now) that the moderate right, long pushed outwards thanks to Trump and his base, would look for a candidate that could rescue the GOP

    This isn't the best argument but it's a solid one.

    With Romney hinting more and more that he may try to primary out Trump in 2020, there's a chance (albeit slim right now) that the moderate right, long pushed outwards thanks to Trump and his base, would look for a candidate that could rescue the GOP from this pit.

    I could actually see the same with Bloomberg. He has been a member of three political parties now...

  • Democrats are too extreme? There is not one democratic policy that is out of line with the rest of the developed world, not one. The far rightism of the Republican party is extreme.

  • I disagree that moderates are declining. More are moving to the middle away from crazy Dems and crazy Republicans. Please someone show up who isn’t a radical.

  • Yes! This is where he can serve his country and maybe win. No chance with Dems or Running as a 3rd party candidate. Bernie and Trump were not lifetime party affiliates, the Republicans might be glad for the help. Schultz has made his billions creating coffee societies in every neighborhood, now he doesn’t

    Yes! This is where he can serve his country and maybe win. No chance with Dems or Running as a 3rd party candidate. Bernie and Trump were not lifetime party affiliates, the Republicans might be glad for the help. Schultz has made his billions creating coffee societies in every neighborhood, now he doesn’t seem to need any previous experience in governing. Why not start where you live in City Council or State Senate?

  • We've always needed lawmakers who can solve problems with those with whom they disagree. We need strong Democratic, Republican and independent thinkers who put the country before party. The Coffee Party is trying to do that although they are not in a position to field candidates, far as I know.