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Image of article 'Bolivia Has a Socialist President—Again.'

Bolivia Has a Socialist President—Again.

Here is today’s Foreign Policy brief: Socialist candidate Luis Arce wins Bolivia’s presidential election according to exit polls, the European Union’s Chief Negotiator Michel Barnier is in London to continue Brexit trade talks, and the U.N. arms embargo on Iran is lifted.

After Year of Upheaval, Bolivians Elect a Morales Ally Bolivians went to the polls in their millions on Sunday to elect a new president while attempting to draw a line under a tumultuous 12 months, even by Bolivia’s own dramatic standards.

According to initial results published early this morning, Luis Arce, the party successor to ousted president Evo Morales, appears to have won the election outright in the first round of voting.

In the early hours of Monday morning, as results were becoming clear, interim president Áñez congratulated Arce on his victory.

The European Union’s Chief Negotiator Michel Barnier is in London today to continue talks over a trade deal with the United Kingdom.

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Image of article 'Delaware senator says he's 'not a fan' but is open to adding justices to Supreme Court'

Delaware senator says he's 'not a fan' but is open to adding justices to Supreme Court

Court-packing, the act of expanding the Supreme Court to shift the ideological balance, has been a major question for Biden recently amid the Senate's confirmation hearing for President Donald Trump's Supreme Court Justice Nominee Amy Coney Barrett.

When Tapper pressed him to answer "Yes or No" if he is open to expanding the Supreme Court, Coons answered, "Yes."

Coons, a member of the Senate Judiciary Committee, told Tapper that like former Vice President Joe Biden, he is "not a fan" of expanding the court.

Democratic Delaware Senator Chris Coons said that he is open to adding more justices to the Supreme Court in an interview with Jake Tapper on CNN's "State of the Union" on Sunday.

Last week, Coons told Chris Wallace on Fox News Sunday that confirming Barrett "constitutes court-packing" and added that Barrett's "views are too extreme to qualify her to serve on this court."

Image of article '4 Democratic senators demand Jeff Bezos respond to allegations that Amazon spies on staff and undermines their right to unionize'

4 Democratic senators demand Jeff Bezos respond to allegations that Amazon spies on staff and undermines their right to unionize

German Amazon workers went on strike on Prime Day after the company scrapped their COVID-19 bonus payments, and earlier in October former Amazon employees protested outside Jeff Bezos' home, calling for free healthcare, better protective equipment and cleaning supplies, and increased hazard pay.

An Amazon memo leaked on October 6 described the company's plans to spend hundreds of thousands of dollars on tracking internal union activity, and two Amazon US job vacancies in September advertised "intelligence analyst" roles that would involve monitoring "labor organizing threats against the company" alongside hate groups and terrorism.

An Amazon spokesperson said the company respects its employees' "right to join, form or not to join a labor union or other lawful organization of their own selection, without fear of retaliation, intimidation or harassment or harassment."

Four Democratic senators have demanded that Amazon's CEO Jeff Bezos respond to allegations that the company spies on its staff and undermines their right to unionize.

And back in March, a different group of US senators, also including Sen. Sanders, asked Bezos how the company is keeping its warehouse workers safe during the pandemic, saying that "any failure of Amazon to keep its workers safe does not just put their employees at risk, it puts the entire country at risk."

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Image of article 'Outlook unclear for the return of live events in Silicon Valley'

Outlook unclear for the return of live events in Silicon Valley

Deb Anderson, senior director of the Silicon Valley walk, said that even though COVID-19 is on everyone’s minds right now, Alzheimer’s remains the leading cause of dementia and is the sixth leading cause of death in the United States.

A note of cautious optimism was voiced by Silicon Valley Creates CEO Connie Martinez, however, who said performing arts groups and other organizations that rely on live events may come out of the COVID-19 pandemic stronger because of the changes they have been forced to make.

For Bill Fairweather, president of IATSE Local 134, relief can’t come fast enough for his union’s 1,200 to 1,500 workers, who put together and strike sets for live events ranging from Children’s Musical Theater to the Rolling Stones.

Decisions will be made in the coming months on big events slated to come to the arena, Becher said, and he said a best-case scenario for 2021 would include a mix of events, some with fans and some without, and may have to include innovative ideas like live outdoor events that utilize the parking lot.

That was the main message Thursday morning from a panel discussion hosted by the Silicon Valley Organization on the future of live events in a COVID-19 world.

Image of article 'Stocks Drop With Virus Spikes Threatening Growth: Markets Wrap'

Stocks Drop With Virus Spikes Threatening Growth: Markets Wrap

Treasury Secretary Steven Mnuchin was scheduled to have another call with House Speaker Nancy Pelosi Thursday in a continuing saga of talks about a relief package.

Read: Make-or-Break Volatility Event Is Looming in Options Expiration The SP 500 fell for a third day while the Nasdaq 100 underperformed major benchmarks, with giants Facebook Inc. and Amazon.com Inc. sinking.

Read: Morgan Stanley CFO Says ‘Blue Wave’ Already Priced Into Markets Elsewhere, European Union leaders reiterated calls for Britain to make further concessions in their trade negotiations as officials in Brussels grow increasingly uncertain that Boris Johnson will remain at the table.

Anne Richards, chief executive officer at Fidelity International, says markets were priced to perfection, but are realizing the world is not a perfect place, as she discusses the ongoing impact of the coronavirus pandemic.

These are some of the main moves in markets: Stocks The SP 500 dipped 0.8% as of 12:37 p.m. New York time.

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Image of article 'Disorderly Brexit could damage UK's economic recovery from Covid, says OECD'

Disorderly Brexit could damage UK's economic recovery from Covid, says OECD

Assuming a Brexit deal would be secured, the OECD warned the UK economy outside the EU would still be 3.5% smaller within the next few years compared with staying in the single market and customs union.

Publishing its first major economic survey of the UK since 2017, the OECD said a disorderly Brexit had potential to compound the risks to the British economy from Covid-19.

It warned that failure to secure a free trade agreement before the UK leaves the Brexit transition period at the end of December would leave the economy 6.5% lower in the next few years than would have been the case if existing arrangements with the EU had been maintained.

Britain’s economy faces a double risk to recovery from a disorderly Brexit as the coronavirus pandemic drags down growth, the Organisation for Economic Co-operation and Development has warned.

The organisation, which represents more than 30 advanced economies around the world, said the damage to growth and jobs could be exacerbated by tougher controls on migration but that efforts to secure closer ties between Britain and the EU could reduce the hit to GDP from leaving to about 3.2%.

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Image of article 'Van Halen Ave.’: Artist Transforms New York Subway Station Into Tribute to Late Guitarist Eddie'

Van Halen Ave.’: Artist Transforms New York Subway Station Into Tribute to Late Guitarist Eddie

An unusual trend in recent years has seen New York City’s subway stations transformed into memorials for late, great musicians, both officially and unofficially.

In the former category, Spotify transformed the Union Square and Broadway-Lafayette stations into elaborate memorials for Prince and David Bowie, respectively; unofficially, the Franklin Avenue station in Brooklyn was briefly turned into “Aretha Franklin Avenue.”

This time, New York street artist Adrian Wilson has transformed Brooklyn’s Van Siclen Avenue on the A/C line into “Van Halen Avenue.”

Spotify’s Bowie tribute, staged in April and May of 2018, was by far the most elaborate of the tributes.

Sprawling across the walls and even the ceiling girders of the city’s interconnected Broadway-Lafayette and Bleecker Street stations, it not only promoted the “David Bowie Is” exhibit at the Brooklyn Museum at the time (of which Spotify was a sponsor) but was a deeply researched museum piece in itself, celebrating the artist’s relationship with New York throughout his career, in the SoHo neighborhood that he called home for the last two decades of his life.

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Image of article 'Why The Brexit Talks Are Fishy'

Why The Brexit Talks Are Fishy

Fishing isn’t vital to the U.K.’s economy but it does heavily impact coastal communities and would suffer if the EU decided to impose trading restrictions (64% of all U.K. fish is sold to the EU).

The U.K. plans to leave the EU Commons Fisheries Policy and police its own waters, requiring fishing boats to obtain licenses to fish in U.K. waters (much as Norway does).

It was a problem in the 1970s when the U.K. joined the EU and many fishermen thought they received a poor deal in negotiations.

Britain's Prime Minister Boris Johnson holding a cod during a visit to Grimsby fish market, U.K. POOL/AFP via Getty Images There are just a few days left to agree a Brexit deal between the U.K. and Europe, or the U.K. will be forced to leave without a deal in place.

AFP via Getty Images The deadline for a deal is 31 December–when the U.K. leaves the EU’s single market and customs union–but it would take two months to write up the terms and get it signed.

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Image of article 'BNP Paribas Upgrades TransUnion (NYSE:TRU) to Outperform'

BNP Paribas Upgrades TransUnion (NYSE:TRU) to Outperform

Robert W. Baird upgraded TransUnion from a neutral rating to an outperform rating and set a $101.00 target price for the company in a research note on Wednesday, July 22nd.

Stifel Nicolaus boosted their target price on TransUnion from $102.00 to $104.00 and gave the stock a buy rating in a report on Wednesday, July 29th.

Invesco Ltd. now owns 1,087,638 shares of the business services provider’s stock worth $71,981,000 after purchasing an additional 98,372 shares during the last quarter.

Skandinaviska Enskilda Banken AB publ now owns 48,500 shares of the business services provider’s stock valued at $3,210,000 after purchasing an additional 13,484 shares during the last quarter.

Nisa Investment Advisors LLC now owns 19,900 shares of the business services provider’s stock worth $1,732,000 after purchasing an additional 9,000 shares in the last quarter.

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Image of article 'India Becomes First Nation to Get 8 'Blue Flag' Beaches in a Row. Here's What the Eco-label Means'

India Becomes First Nation to Get 8 'Blue Flag' Beaches in a Row. Here's What the Eco-label Means

Japan, South Korea and the UAE are the only other Asian nations who have been conferred with a couple of Blue Flag beaches, however, in a time frame of about five to six years, a statement by the government read.

Spain has the highest number of Blue Flag beaches at 578, followed by Turkey where 436 beaches now hold the eco-label.

Given by the non-governmental organisation (NGO) the Foundation for Environmental Education, the Blue Flag is a well-recognised voluntary eco-label given to a beach, marina, or sustainable boating tourism operator which meets its standards.

Javadekar said it was a 'proud and outstanding moment' for India as no other Blue Flag country had ever been awarded the certification for eight beaches in a single attempt.

Eight Indian beaches have received the 'coveted' Blue Flag certification, announced Union Minister for Environment, Forest and Climate Change Prakash Javadekar in a tweet on Sunday.

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Image of article 'The Republican Party has embraced American fascism'

The Republican Party has embraced American fascism

Our country's unique history with fascism goes back to the Antebellum South, when slaveowners mounted an insurrection against the US government to establish an anti-democratic society, the Confederacy.

It was a movement so violent, that Union soldiers were forced to stay in Southern states for years after the Confederate Army surrendered in order to uphold democracy.

The Southern slaveholders were fascists In order to justify the institution of slavery as humane and just, rich Antebellum Southern planters and politicians (they were almost invariably one in the same) started rejecting democracy and equality in the mid-1800s.

An anonymous political pamphlet circulating among Southern farmers in the 1840s signed only with the name "Brutus" described the state of South Carolina outside the planter class like this: "This state is said to have a republican form of government.

This is how fascism — a mass movement to enforce the social order of white supremacy — has been allowed to grow within a democracy for generations since the Civil War.

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Influencers are being taken advantage of’: the social media stars turning to unions

At the end of June, fashion blogger Nicole Ocran, 32, and influencer expert Kat Molesworth, 40, teamed up to launch The Creator Union (TCU), the UK’s first union for digital content creators.

Thanks to such coverage, many think of influencers as people who exploit others, not people who are themselves exploited.

TCU’s founders say influencers can be exploited in numerous ways: brands steal images, write legally unsound contracts, ignore invoices and coerce newbies into working for nothing.

“All of a sudden it was like, ‘Oh, we need you to take over our social media, we need you to do this, that’, when normally you’re largely ignored,” Ocran says, adding that many black influencers were asked to work for nothing during this time.

Duffy says that while the press focuses on “idealised influencers” (careerists and celebrities who get paid thousands to enjoy brunch), there are many more “aspiring influencers” who are struggling as they invest time, energy and money into building their personal brands.

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London Stock Exchange sells Italian unit for $5.1 billion

LONDON (AP) — The London Stock Exchange Group has agreed to sell its holding in the parent company of the Italian stock exchange to rival Euronext for at least 4.33 billion euros ($5.11 billion).

The LSE said Friday that it began talks to sell Borsa Italiana Group because of expectations that European Union regulators will require it to shed the business as a condition for approving the acquisition of financial market data provider Refinitiv.

The deal is contingent on regulators calling for the divestment.

The London exchange in August 2019 agreed to buy Refinitiv in a deal that values the company at $27 billion.

“We believe the sale of the Borsa Italiana group will contribute significantly to addressing the EU’s competition concerns,’’ said David Schwimmer, chief executive of LSE Group.

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Image of article 'Who pays for toilet paper? Big questions loom in work-from-home era'

Who pays for toilet paper? Big questions loom in work-from-home era

“This call from unions for everybody to get compensation because people are now making their own coffee at home — one might observe that workers are also getting a lot of free time in exchange,” he said, citing average time savings of one hour on daily commutes.

Dutch employers’ association AWVN spokesman Jannes van der Velde said the NIBUD calculations did not reflect all the benefits home workers were enjoying.

Spain has obliged employers to pay for home office maintenance and equipment; Germany is debating a bill enshrining remote workers’ rights; France has passed a law shielding them from after-hours email; while Britain has hinted that it may relax the rules on tax deductions for work-related equipment purchased during the pandemic.

Of course, €2 a day is for an average worker with average costs, but can be tweaked depending on measures such as home heating and water costs, or the quality of insulation.

While workers should be compensated for home office costs, that will be offset by cuts to their compensation for lease cars and other travel benefits, he added.

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Image of article '15th Finance Commission Should Take A Call On Revenue Deficit Grant To Andhra Pradesh: Nirmala Sitharaman'

15th Finance Commission Should Take A Call On Revenue Deficit Grant To Andhra Pradesh: Nirmala Sitharaman

Maintaining that she was not questioning the state governments claims on the issue, the Union Finance Minister remarked, "I dont know what kind of solutions I can offer.

GST Compensation: The Centre Has Pushed States To The Wall, Says West Bengal Finance Minister.Post-bifurcation of the state in 2014, the Centre agreed to bridge the revenue gap but pegged the amount at Rs 4,117.89 crore for the financial year 2014-15 whereas the state government, citing a CAG report, claimed the amount was Rs 22,948.76 crore.

I said this also to the state government when the Finance Minister met me," Sitharaman said in a press conference in Vijayawada on Wednesday evening.

She asked the state government to discuss the issue with the 15th Finance Commission and let the latter decide.

Agreeing that the dispute raging between the Centre and the Andhra Pradesh government over payment of revenue deficit grant for over five years now still remained unresolved, Union Finance Minister Nirmala Sitharaman, however, said it was for the 15th Finance Commission to take a call on the issue and not the Finance Ministry.

Image of article 'Financial Survey: nCino (NASDAQ:NCNO) vs. BOX (NASDAQ:BOX'

Financial Survey: nCino (NASDAQ:NCNO) vs. BOX (NASDAQ:BOX

nCino, Inc., a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally.

6.2% of BOX shares are held by company insiders.

This table compares nCino and BOX’s top-line revenue, earnings per share and valuation.

nCino (NASDAQ:NCNO) and BOX (NYSE:BOX) are both mid-cap computer and technology companies, but which is the superior business?

The company provides solutions for commercial banking, small business lending, retail banking, portfolio analytics, treasury management sales and on boarding, customer engagement, and asset finance and leasing, as well as global financial institutions, enterprise banks, regional banks, community banks, and credit unions.

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driven railway network: Piyush Goyal

KOLKATA: The Railways has embarked on a massive electrification drive and by 2023, the country will have the world 's largest 100 per cent clean energy-driven rail transport system, Union Minister Piyush Goyal said on Sunday.The railway minister also said that work way underway to set up an infrastructure for generating 20,000 megawatt of renewable energy , which will provide power for running the entire network.

"By 2023, the Indian Railways will be the world's largest 100 per cent electrified rail transport system," Goyal said at the inauguration of an underground station of the citys East-West Metro corridor.He contended that "no other part of the world, not even the most-developed country", has launched such an ambitious project.The entire world is watching India's massive thrust towards environment-friendly modes of transport, he said, adding that the project is a crucial part of the Union government's initiatives to build a green nation.Asserting that the country is marching ahead in the direction of self-reliance, Goyal said that the railways has become almost 98 per cent indigenous equipment procurer, save certain technology products, which will also be indigenised gradually.

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Image of article 'Amazon: Nearly 20,000 U.S. workers tested positive for COVID-19'

Amazon: Nearly 20,000 U.S. workers tested positive for COVID-19

Based on that analysis, if the rate among Amazon and Whole Foods employees were the same as that for the general population, it estimated it would have seen 33,952 cases among its workforce.

The Seattle-based company said that it examined data from March 1 to Sept. 19 on 1.37 million workers at Amazon and Whole Foods Market across the U.S.

The disclosure comes after months of pressure from Amazon workers and labour groups calling for the company to divulge the COVID-19 numbers.

NEW YORK -- Amazon said Thursday that nearly 20,000 of its front-line U.S. workers have tested positive or been presumed positive for the virus that causes COVID-19.

Marc Perrone, president of the United Food and Commercial Workers International Union, which represents grocery and meatpacking workers, called Amazon's disclosure as "the most damning evidence we have seen that corporate America has completely failed to protect our country's frontline workers in this pandemic."

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Image of article 'Pandemic: Unemployment continues to rise in Europe'

Pandemic: Unemployment continues to rise in Europe

By David McHugh and Helena Alves | Associated Press FRANKFURT, Germany — Unemployment rose for a fifth straight month in Europe in August and is expected to grow further amid concern that extensive government support programs won’t be able keep many businesses hit by coronavirus restrictions afloat forever.

While Europe’s unemployment rate is still modest compared with the spike seen in many other countries, economists predict it could hit double digits in coming months as wage support programs expire.

Outside the 27-country European Union and its 19 members that use the euro, Britain faces a sharp increase in unemployment as the government plans to replace a broad furlough support program at the end of October with a more limited version.

The U.S., which has less in the way of labor market support programs, saw unemployment spike as high as 14.7% in May, followed by a steep fall as businesses and states reopened.

Unemployment numbers are again rising fast, reaching 16.7% in the second quarter, with the numbers expected to worsen after government funding for furlough schemes runs out.

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Image of article 'Tuskys employees’ Strike enters second day'

Tuskys employees’ Strike enters second day

In a ruling made before Hon. Justice Byram Ongaya in July 2020, the Employment and Labour Relations Court ordered that the employer stop any intended pay cuts and refund the employees any prior deductions.

On 28 April this year, Tuskys deducted its employees’ salaries in the wake of Covid-19 by 20-30 per cent depending on the amount being earned.

“One of the major concern we are agitating for is three months’ salary from July August and September,” said Olenabor Wycliff, a general worker at Tuskys.

[Judah Ben-Hur, Standard] Tuskys employees’ strike enters its second day as they demand pending dues, two months’ salary and what they term as “arbitrary termination of their contract”.

In a termination letter from Tuskys to its employees on 21 September, the giant retail chain store conveyed the shocking news to its staff one day before it was to be effected.

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Image of article 'Child poverty likely to increase in EU amid virus pandemic'

Child poverty likely to increase in EU amid virus pandemic

BRUSSELS (AP) - Child poverty has reached an “unacceptable” level across the European Union, the world’s largest trading bloc, a situation likely to worsen during the coronavirus pandemic, the EU’s external auditor said Tuesday.

In a report published Tuesday, the European Court of Auditors said member states should urgently coordinate efforts to fight child poverty as the pandemic is expected to make the euro-area unemployment rate rise from 7.5 % in 2019 to about 9.5 % this year, with devastating consequences on people’s livelihoods.

“Child poverty is a serious issue in the EU,” said Tony Murphy, the member of the European Court of Auditors responsible for the report, during a video conference Tuesday.

Noting the limited role the EU commission can play - fighting poverty is the responsibility of EU nations - auditors however recommended that the union’s executive arm defines clear targets on reducing child poverty.

Responding to the audit, the EU commission said it takes “the fight against poverty extremely seriously,” and recalled its proposition this year that all member nations allocate 5% of a more than 100-billion euro social fund to combating child poverty.

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Image of article 'Google Sparks Another EU Antitrust Row Over Skipping Key Search Rivals From Android Choice List'

Google Sparks Another EU Antitrust Row Over Skipping Key Search Rivals From Android Choice List

The auction system, in place since March, was meant as a compliance measure after the European Union antitrust decision in 2018, which determined that Google used Android’s dominance to force makers of smartphones to pre-install its own search engine, the Journal noted.

Why It Matters: Google’s search engine is automatically a choice on the Android smartphone choice screen menu in all countries, and it doesn't participate in the auction.

The Paoli, Pennsylvania-based search engine criticized Alphabet’s “pay-to-play auction” in a blog post and alleged that the preference menu on Android is “not properly designed.”

Some smaller search engines popular on the continent along with the privacy-oriented DuckDuckGo didn't win spots in major European countries.

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) is facing fresh criticism over the way it allows its search engine competitors to gain visibility on the Android smartphone operating system in Europe.

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Image of article 'Verizon scrambling to unload HuffPost as losses mount'

Verizon scrambling to unload HuffPost as losses mount

Vox Media, which owns New York Magazine and operates news and political site Vox as well as tech news sites Recode and The Verge, is among the media outlets to have held talks to acquire HuffPost.

Verizon has pitched the property to prospective buyers including Thrillist-owner Group Nine Media, Rolling Stone publisher Penske Media Corp., Bustle Digital Media and J2 Global, insiders said.

The telecom giant — which acquired the site formerly known as the Huffington Post as part of its $4.4 billion purchase of AOL in 2015 — has approached multiple digital-media companies during the past few months in a bid to get the property off its books as losses accelerate due to the coronavirus, according to sources close to the situation.

Verizon has been quietly scrambling to unload HuffPost as it grapples with continued losses at the left-leaning news and culture website, The Post has learned.

People briefed on the talks said Verizon, headed by CEO Hans Vestberg, appears to be seeking to offload HuffPost to a buyer willing to take a knife to the site’s high operating expenses — a potentially daunting process that would require going head-to-head with the site’s union and enacting “massive layoffs,” sources said.

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