A Baltimore-based money management firm has settled a U.S. Department of Justice probe of an affiliate that managed investments for the Libyan government, which was then led by Moammar Gadhafi. The Baltimore Sun reports that Legg Mason sent a letter to shareholders Monday announcing that it expects to pay $71 million as part of the settlement with the Justice Department.
Part of a market is informing the public about what is going on. Here we see two big time crony companies coming together to make genetically modified crony babies. (Not human babies. At least not yet. Muhahahaha!) Monsanto, after perhaps Goldman Sachs is the cronyist non-defense company out there. (There are a bunch that challenge for this position though.)
Saying this, the gist of the attached article is that farmers (who are big time crony players themselves, just look at what gets through the Farm Bill every 2 years) are going to see higher prices. On this point we have little sympathy. This happens from time to time. Also farming is a giant ball of crony capitalism where the market is so warped it’s very difficult to see who is right and who is wrong.
We just know that taxpayer funded subsidies, cushy government defined deals, and predatory regulation are wrong and everyone’s to blame here.
(From The Business Insider)
A blockbuster deal between Bayer and Monsanto is moving ahead.
Under a proposed settlement filed on Tuesday, Bayer agreed to sell its seed and herbicide businesses to German chemical company BASF — a move the US Department of Justice required for the deal’s approval.
Bayer and Monsanto first announced the $60 billion deal in September 2016, saying the move would boost agriculture research and innovation.
“By the time 2050 rolls around, the world will have 10 billion people, and the demand for food will double,” Robb Fraley, Monsanto’s outgoing chief technology officer, told Business Insider last year. “The whole point here is that the business combination between Monsanto and Bayer will allow the companies to invest in and create more innovation, and it’s going to take a huge amount of innovation in order to double the world’s food supply.”
A federal judge has thrown out a legal settlement that would have allowed the American Civil Liberties Union (ACLU) to review whether a Southern Baptist foster home uses state funds to proselytize children.
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U.K. contractor Inchcape Shipping Services Holdings Limited has agreed to pay $20 million to settle a lawsuit alleging the company intentionally over-billed the U.S. Navy under contracts for ship husbanding services.
The marine services contractor violated the False Claims Act, the U.S. Department of Justice announced this week.
Inchcape provided ships with food and other survival items, waste removal, telephone services, ship-to-shore transportation, force protection services and local transportation to U.S. Navy ships.
United States Settles Lawsuit Alleging That Contractor Falsely Overcharged the U.S. Navy for Ship Husbanding Services https://t.co/cbW6aRwuG8
— Justice Department (@TheJusticeDept) May 29, 2018
The Navy ships were located at ports in southwest Asia, Africa, Panama, North America, South America and Mexico.
The lawsuit alleged that from 2005 to 2014, Inchcape submitted intentionally inflated invoices for goods and services, and in some instances even double billed.
“Federal contractors may only charge the government for costs allowed by their federal contracts. The Department of Justice will take action against contractors that knowingly submit inflated claims to the armed forces — or any other agency of the United States — as those inflated claims wrongfully divert taxpayer dollars,” Acting Assistant Attorney General Chad Readler said.
U.S. Attorney for the District of Columbia Jessie Liu said: “We trust contractors supporting our warfighters to act with the utmost integrity and expect them to comply with their obligations to bill the government as called for by their contracts. This settlement reflects our Office’s strong commitment to holding accountable those who violate these fundamental principles, no matter where they may be located.”
“This settlement demonstrates that the Department of the Navy will continue to hold contractors accountable for the agreements they make to supply our fleet. The Department expects strict adherence to higher standards within the Department and expects the same from its contractors,” Secretary of the Navy Richard Spencer said.
Jeremy Gauthier, Special Agent in Charge of the Naval Criminal Investigative Service’s (NCIS) D.C. field office, said: “Fraud is an abuse of the system that siphons resources away from the American warfighter. NCIS will continue to work with our law enforcement partners to hold responsible those who would put personal gain above corporate integrity.”
Check out this week’s Independent for a story about how the EPA and Department of Justice are open to settling the Clean Water Act lawsuit against the city. This has reportedly angered other plaintiffs in the case, which include the Colorado Department of Public Health and Environment, Pueblo County and the Lower Arkansas Valley Water Conservancy District.
The dispute has been brewing for more than a decade, but is taking on more urgency as the authority moves closer to the late 2020 opening date for its new Leatherman Terminal on the city’s former Navy base. Summey says a lawsuit settlement in 2002 …
This afternoon, thousands of Starbucks coffee shops will be closed as the company delivers ‘racial bias’ training to their staff.
The move comes after an incident a few weeks ago where two black men were removed from a Starbucks in Philadelphia after staffers called the police on the men who refused to vacate the premises when asked to do so.
Starbucks, which was headed by Howard “violence against white people is justified” Schultz until just recently, is trying to get back into the good graces of the lefties who frequent the company by accusing every one of their employees of being racist enough to require training.
As posted on social media two hours ago:
“For several hours this afternoon, we will close stores and offices to discuss how to make Starbucks a place where all people feel welcome.
Thank you for your patience and support as we renew our promise to make Starbucks an inclusive gathering place for all.
See you tomorrow.”
In a “preview” of the training to be given to 175,000 employees this afternoon,
“Each store will receive a tool kit which will allow for partners to learn together in small self-guided groups. This first training will focus on understanding racial bias and the history of public accommodations in the United States, with future trainings addressing all aspects of bias and experiences.”
According to Richard Ross, the African-American local Police Commissioner, the two police involved in the situation picking up the loitering men did “absolutely nothing wrong,” and Ross defended the arrests.
Ross explained that the staffers at the store called up 911 and reported both trespassing as well as a disturbance.
The officers arrived, and the staff informed them that there were two men who had repeatedly refused to leave after being denied the use of the employee bathroom when employees asked them several times to vacate.
At this point, I suggest taking a look over at our friends with the Black Rifle Coffee Company, which is run by six veterans who combined two of their loves into a great business:
I created Black Rifle Coffee Company for people like myself, coffee-loving veterans and those who are committed to supporting the 2nd Amendment. I wanted to create a company that roasted the finest, freshest coffee on the planet that also supported the things ‘we’ believe in.
Two days after the incident, Starbucks response by saying that they would be reviewing their policies and working to “engage with the community” as well as with local police to prevent the same bad press from coming their way again.
“We apologize to the two individuals and our customers and are disappointed this led to an arrest. We take these matters seriously and clearly have more work to do when it comes to how we handle incidents in our stores.”
To their eternal credit, the two men refused to be given a settlement.
Racial Bias Training
Racial bias training, or implicit bias training is the fancy way of saying that even if you think you’re not racist, you’re actually even more racist for not admitting that you — like an alcoholic at an AA meeting — have no control over your relationship with people of different backgrounds and you will never stop being racist.
According to The Atlantic,
“The idea of implicit bias is that our human minds are, through repeated cultural exposure, conditioned to associate specific traits, characteristics, and behaviors with certain groups of people. When we encounter an individual from one of these groups, those associations arise spontaneously.”
So, you’re a white barista and you see a black female customer enter. If your first thought jumps to something racist, even if you catch yourself and say Wow, That Was Racist of Me! you’re still demonstrating implicit bias and you’ll probably unconsciously spit in her latte.
My favorite part about the Obama era is all the racial healing.
— jon gabriel (@exjon) November 24, 2014
Racial Bias Training at Joe For America
We here at Joe for America have undergone our own form of racial bias training. The process was long and intensive and it covered all the major topics.
- Don’t be a jerk
It was a difficult 6-week course but I managed to pass with flying colors.
Sources: CNN, The Atlantic, Starbucks News
Twenty-seven days before Starbucks plans to shut down 8,000 stores for “racial-bias” training , the coffee conglomerate reached a settlement with two black men whose arrest ignited decry across the states. According to the Associated Press , Donte Robinson and Rashon Nelson settled for a dollar each and a new program for upcoming entrepreneurs that’ll be backed by a $200,000 pledge.
Israel’s military launched airstrikes into Gaza Tuesday to retaliate for a large mortar attack against Israeli settlements, officials said. The strikes came shortly after Israeli Prime Minister Benjamin Netanyahu vowed to “respond with great force” to the attacks, which officials said included 28 mortar shells.