By Laurel Rosenhall, CALmatters | PUBLISHED: October 28, 2018 at 7:00 am | UPDATED: October 28, 2018 at 7:00 am California is politically lopsided: Most of the people live in the south, but most of the political power is based in the north. For the last several years, the majority of politicians elected statewide have been northern Californians — including the governor, lieutenant governor, schools superintendent and both U.S. senators. That could change after November’s election, because a striking number of statewide races this year pit a NorCal candidate against SoCal candidate, testing the political power and competing priorities of the Golden State’s two most populous regions. But don’t count on it. Northern California is likely to continue to dominate for reasons that largely boil down to this: People in the Bay Area just vote a lot more than those in Los Angeles. Economic and demographic changes overlap with voting trends, together situating … [Read more...] about California politics are hella NorCal. Will voters shake that up this year?
A recent motion to dismiss filed by the defendants in the In re Petrobras Securities Litigation, No. 14-cv-9662 (S.D.N.Y.) consolidated litigation challenges the standing of several institutional opt-out plaintiffs. Defendants’ arguments on standing, if accepted, could have a far reaching impact on an investment advisor’s standing to sue on behalf of funds it advises.As background, Petróleo Brasileiro S.A. (“Petrobras”), a Brazil-based energy multinational, is a target of a Brazilian police investigation of alleged rampant corruption involving construction contracts. Allegedly, several large construction companies colluded to avoid Petrobras’s competitive bidding process, giving kickbacks to Petrobras executives to allow the collusion. As a result, Petrobras allegedly significantly overpaid for the construction of certain refineries.In December 2014, investors who had purchased American Depository Shares (ADSs) of Petrobras on the … [Read more...] about Standing of Petrobras Opt-Out Plaintiffs Challenged
POLITICS 09/20/2018 05:27 am ET The president was called a "complete narcissist" for what he said to survivors of Hurricane Florence. By Ed Mazza President Donald Trump made a number of eyebrow-raising comments on Wednesday as he visited North Carolina to survey the damage left behind by Hurricane Florence and meet with survivors. But critics say his tone-deaf comments brought anything but comfort. At one point, Trump told storm victims to “have a good time” as they arrived for meals and supplies. At another, he spoke with a homeowner who said the insurance company didn’t want to pay for the damage after a boat ― not his ― washed up and crashed against his deck. “At least you got a nice boat out of the deal,” said Trump. Critics took to Twitter to slam the president for his “horrible and inappropriate” responses: This comment has gone right past our general Southern response of "Bless … [Read more...] about ‘What Is Wrong With You?’: Trump Slammed For Tone-Deaf Comments To Storm Survivors
Oct 25, 7:05 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Suman Varandani @suman09 08/09/18 AT 5:09 AM Mary G. Ross, the first American Indian female engineer, was celebrated by Google Doodle honoring her 110th birth anniversary. A math prodigy, Ross was the first Native American engineer at Lockheed Aircraft Corporation where she helped develop the rocket technology that launched America into space.Google called Ross “a pioneer who reached for the stars and whose legacy continues to inspire others to do the same.” Ross was born on Aug. 9, 1908, in Park Hill, Oklahoma, and died on April 29, 2008, in Los Altos, California. Ross was the great-great-granddaughter of John Ross, the longest-serving chief of the Cherokee Nation. Chief John Ross, according to The Smithsonian, “fought to preserve his nation from white settlers’ incursions — and later was forced … [Read more...] about Mary G Ross Facts: Google Doodle Celebrates First Female Native American Engineer