Americas

Headlines

America seems unable to solve a scourge that exists nowhere else

JUST before the end of the school day on February 14th at Marjory Stoneman Douglas high-school in Parkland, Florida, the fire alarm rang out. Most of the pupils and teachers thought it was just a drill. It was not: a gunman had pulled the alarm to draw out the maximum number of targets. The gunman killed 17 and injured more than a dozen, some critically....

Occupational licensing blunts competition and boosts inequality

EVERY month Debbie Varnum of Shallotte, North Carolina, must pay a doctor’s bill. It is not for treatment. Ms Varnum is a “nurse practitioner”, a nurse with an additional postgraduate degree who is trained to deliver primary care. North Carolina, like many states, does not allow nurse practitioners to offer all the services they are trained...

The University of Chicago puts its principles to the test

Understand your man “THIS reminds me of my school days in Italy in the 1970s,” says Luigi Zingales, a professor at the University of Chicago’s Booth School of Business. That was a time of political and social turmoil when graffiti proclaimed that “killing fascists is an act of love” and high-school teachers were almost uniformly committed...

Staffing the White House

Hey Porter AS A candidate, President Donald Trump promised to hire only “the best people”. That vow went the way of many campaign promises. Some steered clear of his administration, wary of his instincts and his let-chaos-reign management style. Others were passed over for having been insufficiently loyal. Hundreds of senior administration posts—including...

America seems unable to solve a deadly problem that exists nowhere else

JUST before the end of the school day on February 14th at Marjory Stoneman Douglas high-school in Parkland, Florida, the fire alarm rang out. Most of the pupils and teachers thought it was just a drill. It was not: a gunman had pulled the alarm to draw out the maximum number of targets. The gunman killed 17 and injured more than a dozen, some critically....

Finance

Pendo Systems name Ruth Wandhöfer, a globally recognized banking expert, to their Board of Directors

Pendo Systems is proud to announce that Ruth Wandhöfer, Global Head of Regulatory and Market Strategy at Citi, has joined their board. Ms. Wandhöfer is a banking regulatory expert and one of the foremost authorities on transaction banking regulatory matters. Her reputation has been built around her ability to drive regulatory and industry dialogue...

Implications of the money laundering law reform

The amendment to the money laundering law approved in the first debate requires accountants, lawyers and real estate agents to report suspicious transactions made by their clients.Bill 19.951 reforming the Law on Narcotic Drugs, Psychotropic Substances, Drugs of Unauthorized Use, Related Activities, Legalization of Capital and Financing of Terrorism...

Wall Street finishes flat ahead of earnings season, key US-China meeting

It was a fairly flat session on Wall Street overnight, as investors exercised caution ahead of the first-quarter earnings season and a meeting between the US and Chinese presidents later this week. Investors will be focussed on the potentially tense meeting between Donald Trump and Xi Jinping on Thursday and Friday, after Mr Trump held out the possibility...

GLC Advisors Strengthens Advisory and M&A Expertise with Addition of Senior Bankers

Addition of Several Industry Bankers Including Former St. Charles Capital Professionals Deepens Firm’s Expertise and Relationships Across Technology, FIG, Consumer, Retail and Energy IndustriesGLC Advisors & Co., LLC (“GLC Advisors”) is pleased to welcome nine seasoned M&A professionals, including former Partners and professionals of Denver based...

Columbia Threadneedle opens office in Chile

Columbia Threadneedle Investments has opened its first Latin American office in Santiago, Chile. As its first proprietary distribution hub for the Andes (Chile, Peru and Colombia), the new office will serve the asset manager’s institutional and wholesale clients in the region. Columbia Threadneedle has also appointed Santiago Zarauza Riestra...

Legal

Upheld: NY Can Require Nonprofits to Report Major Donors

Over free speech arguments, the U.S. Second Circuit Court of Appeals upheld New York's law requiring registered charities to disclose their donors.Citizens United had challenged the law, saying it violated the First Amendment by intimidating donors who want to remain anonymous. The free speech group also said the law was a prior restraint on the ability...

Settlement Offers Are Misleading in Time-Barred Debt Collection

One wrong word can make a big difference when a debt collector comes calling.No, it's not a four-letter word. (Debt collectors can be aggressive.) The word is "settlement."A company broke the law when it offered a settlement on a time-barred debt, a federal appeals court said. In Tatis v. Allied Interstate,  the decision revived a class-action...

3 Things You Can Learn From Bad Clients

'I just need some quick advice' -- famous first words from that time-wasting, non-paying client.Not to be harsh, but if someone starts with that line, your "no-pay-radar" should beep or something. Sure, you should give "quick advice" when appropriate, but if you make it a habit you will not make money.These are lessons from the trenches of law practice,...

Ethics Quiz: Was It OK for Trump's Lawyer to Say He Paid Stormy Daniels?

President Trump's personal lawyer, Michael Cohen, is facing a barrage of questions about the propriety of the payment, allegedly made personally by him, to Stormy Daniels. In case you've somehow managed to avoid this breaking headline, an adult entertainment actress was allegedly paid $130,000 as hush money, by Cohen, in order to keep quiet about her...

Should Law Firms Reply to Every Online Client Review?

When it comes to online reputation management, law firms often fear the damage that can be done as a result of negative online reviews. The fact that there are several platforms that allow the public to write reviews for lawyers and law firms means that lawyers and law firms should be actively monitoring these platforms, and participating if possible.A...

Deals

Burger-flipping robotics company Miso raises $10 mln

Pasadena, California-based Miso Robotics, a developer of robotics and artificial intelligence technology for restaurants and food providers, announced it raised $1o million in Series B funding. Acacia Research Corporation led the funding, which included Levy, the sports and entertainment hospitality company, OpenTable’s Chief Technology Officer Joseph...

PE-backed Metal Powder Products acquires NetShape

Metal Powder Products LLC, a portfolio company of Mill Point Capital, has acquired Indiana-based NetShape Technologies Inc, a provider of engineered metal components using powdered metal and metal injection molding technologies. No financial terms were disclosed.Read More

Amphora Gas Storage to acquire Enstor Gas

Amphora Gas Storage USA, which is backed by Arclight Capital Partners LLC, has agreed to acquire Enstor Gas, an operator of Avangrid's gas storage business. No financial terms were disclosed. The deal is expected to close in March 2018.Read More

Video tech startup Vydia reels in $7 mln Series A

Holmdel, New Jersey-based Vydia, a video tech startup, has raised $7 million in Series A funding. Vocap Investment Partners led the round with participation from Newark Venture Partners. In addition to the funding, Vinny Olmstead, a managing director at Vocap, will join Vydia's board of directors.Read More

Héroux-Devtek taps Fitzgibbon as director

Québec-based Héroux-Devtek Inc, a maker of aerospace products, has appointed Pierre Fitzgibbon as director. He has also been named to the company's audit committee. Currently, Fitzgibbon is a managing partner at Walter Capital Partners, a private equity firm headquartered in Montréal.Read More

Acq Lite

Navy turns to General Dynamics for anti-missile protection

Feb. 16 (UPI) -- General Dynamics was awarded a contract for services in support of the Surface Electronic Warfare Improvement program.The deal, announced Thursday by the Department of Defense, is valued at $11.9 million under the terms of a firm-fixed-price modification to previous award contract.The agreement between General Dynamics and the Navy...

Israel to receive F-35 air vehicle deliveries

Feb. 16 (UPI) -- Lockheed Martin has been awarded a contract for procurement of initial air vehicle spares for F-35 air vehicle deliveries in support of the government of Israel.The deal, announced Friday by the Department of Defense, is valued at $13.9 million, the Pentagon said in a press release.The agreement between the Navy and Lockheed Martin...

Oil prices search for momentum, though inflation looms

Feb. 16 (UPI) -- Crude oil prices were slightly lower in early Friday trading on competing narratives on global demand and inflationary pressures in the United States.Crude oil prices have been volatile for much of the week, mirroring broader trends in the equities market. The price of oil, nonetheless, is flirting with a formal correction, giving up...

Pentagon's 'deploy-or-be-removed' policy takes effect

Feb. 16 (UPI) -- The Pentagon on Friday released new policy guidance regarding retention of non-deployable service members.The new directives seek to improve overall readiness and lethal forces, according to Undersecretary of Defense for Personnel and Readiness Robert Wilkie, who testified before Congress on Wednesday."The situation we face today is...

U.S. oil exports could be driven by OPEC's balancing act

Feb. 16 (UPI) -- U.S. shale oil barrels that find their way on the international market could have the Organization of Petroleum Exporting Countries to thank, analysis suggests.The United States is now rivaling Saudi Arabia, and could soon dethrone Russia, in terms of production with output at an average of 10 million barrels per day. A ban on oil exports...