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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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Sanders uses Bible to defend Trump's separation of children from families at border

Sanders uses Bible to defend Trump's separation of children from families at border

Read more on Guardian (US)

Contributions

  • Every time I think we’ve hit bottom, we simply reach a new basement. Children being separated from their asylum seeking parents is unfathomable. The mere thought of the trauma and loss experienced by both turns my stomach and breaks my heart. AG Sessions, like Hitler, misused Romans 13 to justify his

    Every time I think we’ve hit bottom, we simply reach a new basement. Children being separated from their asylum seeking parents is unfathomable. The mere thought of the trauma and loss experienced by both turns my stomach and breaks my heart. AG Sessions, like Hitler, misused Romans 13 to justify his cruel policy. However, he omitted that “The commandments… are summed up in this one command: ‘Love your neighbor as yourself.’ Love does no harm to a neighbor. Therefore love is the fulfillment of the law.”

  • Imagine for a second that Joseph and Mary agreed with this sentiment, offering baby Jesus up to King Herod for slaughter instead of fleeing to Egypt. They would have been following the law of God's ordained leaders, right?

    Any Christian who buys into Sessions and Sanders' line needs to read their Bible

    Imagine for a second that Joseph and Mary agreed with this sentiment, offering baby Jesus up to King Herod for slaughter instead of fleeing to Egypt. They would have been following the law of God's ordained leaders, right?

    Any Christian who buys into Sessions and Sanders' line needs to read their Bible cover to cover, with no stopping to cherry-pick favorite verses.

  • Unfortunately, cherry-picking verses is the norm even among Christian clergy. Only 1% of professed Christians have read the Bible cover to cover and only 10% of Christian clergy have.

    The biggest disservice to the scriptures came between 1500 and 1600 when chapters and verses diced up the Bible.

    I

    Unfortunately, cherry-picking verses is the norm even among Christian clergy. Only 1% of professed Christians have read the Bible cover to cover and only 10% of Christian clergy have.

    The biggest disservice to the scriptures came between 1500 and 1600 when chapters and verses diced up the Bible.

    I have seen excerpted verses plastered in sports venues and on convenient stores thresholds. When will we see them inside fortune cookies?

    The most purchased book in history and the most unread, misinterpreted, wrongly translated set of compiled documents ever promulgated. The ultimate in fake news.

    Wish it weren't true. I continue to read and study.