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Westlake Legal Group > News Media (Page 150)

Should Black Athletes Go To Black Schools?

Westlake Legal Group gettyimages-630987220-03efaf931d253d3fe37854e9ba957bd8a86cbed1-s1100-c15 Should Black Athletes Go To Black Schools?

An Alabama helmet on December 31, 2016, at the Georgia Dome in Atlanta, GA. Scott Donaldson/Getty Images hide caption

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Westlake Legal Group  Should Black Athletes Go To Black Schools?

An Alabama helmet on December 31, 2016, at the Georgia Dome in Atlanta, GA.

Scott Donaldson/Getty Images

Top-tier black college athletes should take their talents to historically black institutions. That’s the argument that Jemele Hill is making in a new piece for the Atlantic. She says that doing so could benefit both the colleges and the communities around them.

The piece, It’s Time for Black Athletes to Leave White Colleges, argues that when highly-ranked black athletes even look at HBCUs, it “threatens to crack the foundation on which the moneymaking edifice of college sports rests” — that foundation being black athletes drawing acclaim, attention, and money to primarily white institutions.

It’s an argument that has drawn some criticism — Hill says she’s been called a “segregationist” for even suggesting the idea. To that, she says, “those people don’t know very much about HBCUs.” (Of course, Hill is no stranger to that kind of critique. She famously drew the ire of President Trump and his supporters after referring to him as a white supremacist on Twitter.)

Hill spoke to All Things Considered about the piece.

Interview Highlights

On the history of student athletes at HBCUs

That was exclusively where [black students] could go, and as a result you had a lot of the top talent. At that point in time you had a college like Grambling State University, which was basically considered to be what would be today’s version of the University of Alabama, because they were that talented, putting so many players in the NFL over the course of their history. But obviously once there was desegregation, a lot of these black athletes began to go all over. HBCUs in the major revenue sports — talking about basketball and football — began to lose, or not have as much of a foothold.

If you look at the college landscape now, everybody pretty much knows [it] has become a billion dollar industry, given the television contracts, the money, the interest, the marketing, shoe deals, all of that. But black athletes in general are being exploited, because they’re not being paid, and they’re clearly the backbone of a lot of these universities, of which their labor has helped them become these huge powerhouses. You’re looking at schools like Texas and Alabama who have a 200 million dollar athletic budget — not a school budget, just the athletic budget. All that is built on the backs of black athletes.

HBCUs generally speaking do not have large endowments, nothing that could equal any of some of the universities like Harvard. Why not take your talent to these HBCUs that once were the only place that you could go, and help to reimagine those universities from a financial standpoint the communities around them and to some degree kind of rebuild these historic institutions.

On what it would take for this to work

You would need a group, frankly, a whole exodus of athletes who would think really really really big picture in order for this to happen.

It can’t be one or two, because one or two is not enough. There have been individual cases of a top-tier black talent going to these schools. But they need a wave of a conscientious effort on behalf of these athletes to do that, to help to rebuild these schools, the communities around them. And I think it will be a trickle down effect into strengthening essentially a huge base in the black community, which has always been kind of the black middle class. When you look at the number of lawyers, doctors, professionals that have come from HBCUs, I mean Kamala Harris is running for president. She went to Howard University. So when you look at the level of output that most black colleges have in general, to strengthen that even more with a very solvent, steady, stable financial base I think is just a huge benefit all around.

On the precedent for this kind of movement in athletics

We see this happen a lot in college football and college basketball, where you have athletes who have been playing together in high school, maybe on the same team. Because a lot of these guys play on the same AAU teams, two or three of them will go to one university, because they all want to play together.

One of the more famous examples is [University of Michigan’s] Fab Five: Jalen Rose and Chris Webber both are from Detroit, both had a relationship, and they got to know the other members — Juwan Howard, Ray Jackson and Jimmy King. And five freshmen went to the University of Michigan and changed college basketball.

I don’t see why that couldn’t happen for an HBCU. I mean look, we’ve seen a lot of these athletes. They have chosen to go to smaller schools or be walk ons sometimes at some of these bigger schools. My thing is like, why be a walk somewhere? Go to an HBCU.

I know I was speaking from a standpoint of utter utopia. It’s a little bit more more challenging than that. But I do think it’s possible. I think some of it has to be a concerted push, and some of this has to come from their own homes.

When I was making my college decision, no one talked to me about going to an HBCU. I’m from Detroit, and that’s a black city, right? I knew other people who had gone, but nobody said, “Hey, did you ever think about going here now?” Two HBCUs wound up being on my final list of colleges, and I owe that to the Cosby Show and A Different World.

On the exposure athletes get at larger schools

As we’ve seen always has been the case in sports, and really virtually anything entertainment based, is exposure goes where the talent is. So the exposure would be, to me, the least of the issues, because again, there are players in the NFL and NBA who went to black colleges and they were found. And I think that’s part of what I got at in this piece is the mentality that some of these young athletes have. They think the schools make them.

Now I’m not going to pretend that if you go to a black college there are things you have to prove that say, somebody who goes to Oregon or Florida State doesn’t have to prove. That being said, teams want to get better, and they want to go where the talent is, and it’s the same with television networks. They follow where the audience goes and where the talent is.

Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com 

Jordan Peele Selected To Receive BAFTA LA’s Britannia Award For Directing

Westlake Legal Group 5d792cc1240000d32677d424 Jordan Peele Selected To Receive BAFTA LA’s Britannia Award For Directing

Jordan Peele has been selected to receive a Britannia Award, the highest accolade presented by the British Academy of Film and Television Arts Los Angeles.

The “Us” writer-director will be honored with the John Schlesinger Britannia Award for Excellence in Directing, the academy announced on Wednesday. Peele joins other stars who will be honored at the Britannia Awards ceremony on Oct. 25, including Jane Fonda, Jackie Chan, Phoebe Waller-Bridge and Steve Coogan.

Chantal Rickards, BAFTA LA CEO, recognized Peele for pushing boundaries and for shining “a light on stories of important social relevance.”

“His imaginative storylines, inclusive casting, and bold style evokes John Schlesinger’s spirit of independence, integrity and commitment to excellence,” Rickards continued. “We are honored to celebrate Jordan’s talents at this year’s ceremony.”

Last year, Peele became the first Black filmmaker to win an Oscar for Best Original Screenplay, for his 2017 social thriller, “Get Out.”

His box office record-breaking horror film, “Us,” released in March, boasted the largest weekend ever for an original horror film, according to Variety.

Oscar-winning actress Lupita Nyong’o, who starred in “Us,” shared with Rolling Stone earlier this year what it was like working with Peele.

“I thoroughly enjoyed being a part of the realization of Jordan’s imagination,” she said during the interview. “One of the things that makes him an extremely incredible director is how compassionate he is, and he has incredible communication skills.”

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A Hong Kong-London Stock Exchange Bid Ties 2 Cities in Turmoil

Westlake Legal Group 11hklondon-facebookJumbo A Hong Kong-London Stock Exchange Bid Ties 2 Cities in Turmoil Stocks and Bonds Refinitiv Ltd Mergers, Acquisitions and Divestitures London Stock Exchange London (England) Hong Kong Stock Exchange Hong Kong Exchanges and Clearing Ltd Hong Kong Great Britain

LONDON — Stock exchanges are potent national symbols of capitalistic clout, and a surprise offer on Wednesday by Hong Kong’s exchange to acquire its London competitor is likely to set off a transcontinental tug of war.

If it came to fruition, the Hong Kong Stock Exchange’s unsolicited $36.6 billion bid for the London Stock Exchange would create a market juggernaut, pairing the pre-eminent exchanges in Europe and Asia and creating an emboldened rival to challenge the leading United States exchanges.

Hong Kong officials said on Wednesday that fusing the two exchanges would allow companies and investors to profit from a common platform for trading stocks and bonds that would be open 18 hours a day.

But the proposed deal comes at a time of wrenching economic, political and social turmoil in Britain and Hong Kong that is jeopardizing their standings as regional financial hubs.

In Hong Kong, China’s efforts to assert control over the semiautonomous territory have provoked weeks of angry protests. And in Britain, the government is in turmoil over plans to exit the European Union in a way that could deflate the economy.

The Hong Kong offer would require Britain to cede a corporate crown jewel — one whose roots trace back to 1571 — at a time when London’s centuries-long status as a leading financial capital is already in doubt because of Brexit.

Britain has been more open to investment from China and Hong Kong than other Western countries have. Li Ka-shing, the Hong Kong tycoon, has invested in British infrastructure for years, and London has been slow to bend to Washington’s pressure not to use equipment from Huawei, the Chinese maker of telecom gear. But the Hong Kong protests have brought questions of Chinese influence to the fore.

The Chinese government is the largest shareholder of the Hong Kong exchange, with the right to name six of its 13 board members, and Beijing’s responses to the antigovernment demonstrations in Hong Kong are likely to lead British officials to closely scrutinize the deal for any signs of Chinese government influence. Britain’s business minister, Andrea Leadsom, said in a Bloomberg Television interview on Wednesday that regulators would “look very carefully at anything that had security implications for the U.K.”

Previous foreign takeovers of British companies have been derailed or delayed on similar grounds, such as a proposed takeover last year of Northern Aerospace by a Chinese rival. The British government announced plans last year to significantly toughen its scrutiny of foreign takeovers, with a particular eye on those coming from China.

Hong Kong’s proposed takeover is the latest piece of a decade-long rush toward consolidation of stock exchanges around the world, as they try to fend off both upstart competitors and new technology that threatens traditional market exchanges with obsolescence.

Both the Hong Kong and the London exchanges have sought merger partners. They and others are crossing borders to better appeal to companies that no longer necessarily see one country as their home. American executives, for example, regularly travel to Asia to try to persuade fast-growing private companies to list their shares in the United States, rather than Hong Kong or Tokyo.

Stock exchanges have been transformed as a result. In the United States, both the New York Stock Exchange and the Nasdaq Stock Market are now part of broader, more global companies.

The London Stock Exchange Group in particular has been the object of desire for other exchanges: Deutsche Börse and the Toronto Stock Exchange have both tried and failed at takeovers in the past decade.

Trying to bolster its standing as an independent company, the London exchange last month agreed to buy the data provider Refinitiv for $27 billion. That pending deal makes the Hong Kong bid even more of a long shot because it would make the London Stock Exchange bigger than its Asian rival.

The Hong Kong company’s takeover interest caught the management of the London Stock Exchange by surprise.

Executives at the two exchanges met on Monday in what British executives figured would be a casual discussion about the state of their industry, according to people with knowledge of the matter.

Instead, the Hong Kong officials declared that they wanted to buy the London exchange for nearly $37 billion.

Less than 48 hours later, the Hong Kong company made its offer public, hoping to cause a swell of support for the deal from the London Stock Exchange’s shareholders.

Under the terms of the offer, the Hong Kong company would pay cash and stock worth about 8,361 pence per share as of Sept. 10’s stock prices, a 23 percent premium to where the London exchange’s company had been trading.

British takeover rules now say that the Hong Kong exchange has 28 days to either make a firm acquisition offer for the London Stock Exchange or walk away.

For now, it is unclear what will happen. Shares in the London Stock Exchange Group rose 6.6 percent on Wednesday, to 7,254 pence. That remains below the Hong Kong exchange’s offer, suggesting skepticism from the London company’s shareholders that a deal will come to pass.

The London exchange said in a statement that it would consider the unsolicited offer from its Hong Kong counterpart but remained committed to completing its $27 billion deal to buy Refinitiv. That transaction would thrust the London exchange deeper into the business of selling and managing market data, a business that has grown in prominence and profitability for exchanges.

But proponents of the Hong Kong offer are likely to argue that becoming part of a European-Asian giant is a surer business bet than buying Refinitiv, which has long lagged Bloomberg L.P. in the market data industry.

Charles Li, the chief executive of the Hong Kong exchange’s parent company, said on a conference call with the media on Wednesday that the Refinitiv transaction helped push his company to hastily move forward with a bid. “We know we were late,” he said. “We don’t want to be late again.”

The offer comes at a politically turbulent time for both exchanges’ home bases. The British government remains paralyzed by questions about how the country should leave the European Union, while the business community remains in the dark about what Brexit would mean for London’s place on the business world stage.

At the same time, Hong Kong has been torn by mass demonstrations over what protesters see as a more assertive hand by Beijing in what is meant to be a semiautonomous region of China, operating under its own laws, which international businesses and investors find attractive compared with conditions on the mainland.

On Wednesday, Mr. Li rejected the idea that the Hong Kong exchange would want to loosen its ties to the mainland. He noted London’s ambition to become a global center for trading in the renminbi, the Chinese currency, and said the Hong Kong exchange could help fulfill that. Beijing heavily restricts the currency from crossing its borders, but some Chinese officials have openly discussed a day when the world might use the renminbi as commonly as it uses the American dollar, which would give China greater say in the global financial system. Should London become a hub for renminbi use, more Chinese companies and investors would consider the city an even more attractive place to do business.

Mr. Li dismissed concerns about a China-owned company buying a British icon. He noted that Hong Kong Exchanges and Clearing has owned the London Metal Exchange for seven years, investing in the British platform and keeping it free from Chinese management.

“We are not a Chinese company, and we are not even a simple Hong Kong company,” Mr. Li said. “We are a global company.”

Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com 

Republican senators slam Facebook for ‘censorship’ of pro-life content

Four Republican senators blasted Facebook for ‘censorship’ over the tech giant’s recent fact check of pro-life organization Live Action.

In a letter today to CEO Mark Zuckerberg, Senators Josh Hawley of Missouri, Ted Cruz of Texas, Kevin Cramer of North Dakota and Mike Braun of Indiana condemn the company’s “pattern of censorship” and demand that it issue a correction, remove any restrictions placed on Live Action and its founder Lila Rose, as well as submit to a “meaningful” external audit.

Last month, Live Action was told by Facebook that its fact checkers had marked two videos containing the statement “abortion is never medically necessary” as false. The tech giant also said that Live Action, its links and Rose’s page would now have reduced distribution and other restrictions because of repeatedly sharing false news.

Westlake Legal Group 5cb7e825-ContentBroker_contentid-53f6034b989d4646a6c1e6862b003c8a Republican senators slam Facebook for 'censorship' of pro-life content fox-news/tech/topics/big-tech-backlash fox-news/tech/companies/facebook fox news fnc/tech fnc e8f3c229-8ff4-54ba-adc3-a732a80ca34a Christopher Carbone article

Facebook CEO Mark Zuckerberg testifies before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington in this April 10, 2018 photograph. (AP)

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One video, titled “The Pro-Life Reply to ‘Abortion Can Be Medically Necessary’,” features neonatologist Dr. Kendra Kolb. The second video, titled “Abortion is NEVER Medically Necessary,” features a speech given by Rose.

Live Action and Rose’s Facebook page reach more than 3 million followers combined.

The senators’ letter questions Facebook’s fact checking operation, which is done in partnership with third parties that have been certified by the International Fact-Checking Network, claiming that two of the people involved in the fact check are “biased” against the pro-life group.

According to Live Action, just today Facebook added another violation to the nonprofit group’s page and sent an alert to over 2,000 of their followers that their content was “false.”

However, on Wednesday afternoon Rose tweeted that Facebook will be updating its fact checking process and removing strikes from the group’s accounts.

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“If this isn’t bias, what is?” the senators wrote, before demanding an audit that allows the company’s top executives to be grilled. “The only thing more astonishing than your claim to nonpartisanship is your complete failure to back that claim with proof.”

Fox News’ James Rogers and Judson Berger contributed to this report.

Westlake Legal Group HarvardStudentFindsFlawLosesFacebookInternship Republican senators slam Facebook for 'censorship' of pro-life content fox-news/tech/topics/big-tech-backlash fox-news/tech/companies/facebook fox news fnc/tech fnc e8f3c229-8ff4-54ba-adc3-a732a80ca34a Christopher Carbone article   Westlake Legal Group HarvardStudentFindsFlawLosesFacebookInternship Republican senators slam Facebook for 'censorship' of pro-life content fox-news/tech/topics/big-tech-backlash fox-news/tech/companies/facebook fox news fnc/tech fnc e8f3c229-8ff4-54ba-adc3-a732a80ca34a Christopher Carbone article

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Florida man arrested in death of Canadian military member

A Florida man was arrested Wednesday on suspicion of killing a Canadian servicemember stationed in the United States, authorities said.

The Bay County Sheriff’s Office took Justin Timmons, 23, of Tallahassee, into custody following an investigation into the death of Martin Liam Brayman, 33, a master corporal in the Royal Canadian Air Force stationed at Tyndall Air Force Base in Panama City.

Westlake Legal Group b8386133-Capture Florida man arrested in death of Canadian military member Louis Casiano fox-news/us/us-regions/southeast/florida fox-news/us/us-regions/southeast fox-news/us/crime/homicide fox-news/us/crime fox news fnc/us fnc c92a1b39-4ebe-5079-8133-43b83beccc09 article

Canadian Master Cpl. Martin Brayman, 33, died Monday from an assault outside his Florida home, authorities said.  (Canadian Department of National Defense )

Investigators said Timmons was part of a group that met Brayman on Sept. 7 at a nightclub. Brayman invited the group back to his Panama City Beach home but asked them to leave when his girlfriend said she became uncomfortable.

SECOND US SERVICE MEMBER FOUND DEAD ALONG MEXICO BORDER IN ARIZONA

“Brayman apologized and told the group they would get together later,” the sheriff’s office said in a news release.

The group returned to the home to get Brayman’s contact information and spoke with him outside.

“According to witnesses, as the driver of the white Mercedes stood outside the vehicle and got Brayman’s contact information, Timmons, one of the passengers, seemed to grow agitated as he waited in the car,” the release stated.

Timmons got out the car and struck Brayman in the head multiple times, authorities said. The group then fled.

Brayman was taken to a hospital and died Monday night from his injuries. An investigation led authorities to Timmons. He is being held in the Bay County jail.

Westlake Legal Group t Florida man arrested in death of Canadian military member Louis Casiano fox-news/us/us-regions/southeast/florida fox-news/us/us-regions/southeast fox-news/us/crime/homicide fox-news/us/crime fox news fnc/us fnc c92a1b39-4ebe-5079-8133-43b83beccc09 article

Justin Timmons, 23, was arrested in the death of Martin Brayman, a member of the Canadian military stationed in Florida.  (Bay County Sheriff’s Office )

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Brayman joined the Canadian armed forces in 2006 and worked as a NORAD air controller, the Canadian Broadcasting Corporation reported. He is the second Canadian military member to die outside the country this year.

The other member died in a parachuting accident in Bulgaria in June.

Westlake Legal Group t Florida man arrested in death of Canadian military member Louis Casiano fox-news/us/us-regions/southeast/florida fox-news/us/us-regions/southeast fox-news/us/crime/homicide fox-news/us/crime fox news fnc/us fnc c92a1b39-4ebe-5079-8133-43b83beccc09 article   Westlake Legal Group t Florida man arrested in death of Canadian military member Louis Casiano fox-news/us/us-regions/southeast/florida fox-news/us/us-regions/southeast fox-news/us/crime/homicide fox-news/us/crime fox news fnc/us fnc c92a1b39-4ebe-5079-8133-43b83beccc09 article

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A Hong Kong-London Stock Exchange Bid Ties 2 Cities in Turmoil

Westlake Legal Group 11hklondon-facebookJumbo A Hong Kong-London Stock Exchange Bid Ties 2 Cities in Turmoil Stocks and Bonds Refinitiv Ltd Mergers, Acquisitions and Divestitures London Stock Exchange London (England) Hong Kong Stock Exchange Hong Kong Exchanges and Clearing Ltd Hong Kong Great Britain

LONDON — Stock exchanges are potent national symbols of capitalistic clout, and a surprise offer on Wednesday by Hong Kong’s exchange to acquire its London competitor is likely to set off a transcontinental tug of war.

If it came to fruition, the Hong Kong Stock Exchange’s unsolicited $36.6 billion bid for the London Stock Exchange would create a market juggernaut, pairing the pre-eminent exchanges in Europe and Asia and creating an emboldened rival to challenge the leading United States exchanges.

Hong Kong officials said on Wednesday that fusing the two exchanges would allow companies and investors to profit from a common platform for trading stocks and bonds that would be open 18 hours a day.

But the proposed deal comes at a time of wrenching economic, political and social turmoil in Britain and Hong Kong that is jeopardizing their standings as regional financial hubs.

In Hong Kong, China’s efforts to assert control over the semiautonomous territory have provoked weeks of angry protests. And in Britain, the government is in turmoil over plans to exit the European Union in a way that could deflate the economy.

The Hong Kong offer would require Britain to cede a corporate crown jewel — one whose roots trace back to 1571 — at a time when London’s centuries-long status as a leading financial capital is already in doubt because of Brexit.

Britain has been more open to investment from China and Hong Kong than other Western countries have. Li Ka-shing, the Hong Kong tycoon, has invested in British infrastructure for years, and London has been slow to bend to Washington’s pressure not to use equipment from Huawei, the Chinese maker of telecom gear. But the Hong Kong protests have brought questions of Chinese influence to the fore.

The Chinese government is the largest shareholder of the Hong Kong exchange, with the right to name six of its 13 board members, and Beijing’s responses to the antigovernment demonstrations in Hong Kong are likely to lead British officials to closely scrutinize the deal for any signs of Chinese government influence. Britain’s business minister, Andrea Leadsom, said in a Bloomberg Television interview on Wednesday that regulators would “look very carefully at anything that had security implications for the U.K.”

Previous foreign takeovers of British companies have been derailed or delayed on similar grounds, such as a proposed takeover last year of Northern Aerospace by a Chinese rival. The British government announced plans last year to significantly toughen its scrutiny of foreign takeovers, with a particular eye on those coming from China.

Hong Kong’s proposed takeover is the latest piece of a decade-long rush toward consolidation of stock exchanges around the world, as they try to fend off both upstart competitors and new technology that threatens traditional market exchanges with obsolescence.

Both the Hong Kong and the London exchanges have sought merger partners. They and others are crossing borders to better appeal to companies that no longer necessarily see one country as their home. American executives, for example, regularly travel to Asia to try to persuade fast-growing private companies to list their shares in the United States, rather than Hong Kong or Tokyo.

Stock exchanges have been transformed as a result. In the United States, both the New York Stock Exchange and the Nasdaq Stock Market are now part of broader, more global companies.

The London Stock Exchange Group in particular has been the object of desire for other exchanges: Deutsche Börse and the Toronto Stock Exchange have both tried and failed at takeovers in the past decade.

Trying to bolster its standing as an independent company, the London exchange last month agreed to buy the data provider Refinitiv for $27 billion. That pending deal makes the Hong Kong bid even more of a long shot because it would make the London Stock Exchange bigger than its Asian rival.

The Hong Kong company’s takeover interest caught the management of the London Stock Exchange by surprise.

Executives at the two exchanges met on Monday in what British executives figured would be a casual discussion about the state of their industry, according to people with knowledge of the matter.

Instead, the Hong Kong officials declared that they wanted to buy the London exchange for nearly $37 billion.

Less than 48 hours later, the Hong Kong company made its offer public, hoping to cause a swell of support for the deal from the London Stock Exchange’s shareholders.

Under the terms of the offer, the Hong Kong company would pay cash and stock worth about 8,361 pence per share as of Sept. 10’s stock prices, a 23 percent premium to where the London exchange’s company had been trading.

British takeover rules now say that the Hong Kong exchange has 28 days to either make a firm acquisition offer for the London Stock Exchange or walk away.

For now, it is unclear what will happen. Shares in the London Stock Exchange Group rose 6.6 percent on Wednesday, to 7,254 pence. That remains below the Hong Kong exchange’s offer, suggesting skepticism from the London company’s shareholders that a deal will come to pass.

The London exchange said in a statement that it would consider the unsolicited offer from its Hong Kong counterpart but remained committed to completing its $27 billion deal to buy Refinitiv. That transaction would thrust the London exchange deeper into the business of selling and managing market data, a business that has grown in prominence and profitability for exchanges.

But proponents of the Hong Kong offer are likely to argue that becoming part of a European-Asian giant is a surer business bet than buying Refinitiv, which has long lagged Bloomberg L.P. in the market data industry.

Charles Li, the chief executive of the Hong Kong exchange’s parent company, said on a conference call with the media on Wednesday that the Refinitiv transaction helped push his company to hastily move forward with a bid. “We know we were late,” he said. “We don’t want to be late again.”

The offer comes at a politically turbulent time for both exchanges’ home bases. The British government remains paralyzed by questions about how the country should leave the European Union, while the business community remains in the dark about what Brexit would mean for London’s place on the business world stage.

At the same time, Hong Kong has been torn by mass demonstrations over what protesters see as a more assertive hand by Beijing in what is meant to be a semiautonomous region of China, operating under its own laws, which international businesses and investors find attractive compared with conditions on the mainland.

On Wednesday, Mr. Li rejected the idea that the Hong Kong exchange would want to loosen its ties to the mainland. He noted London’s ambition to become a global center for trading in the renminbi, the Chinese currency, and said the Hong Kong exchange could help fulfill that. Beijing heavily restricts the currency from crossing its borders, but some Chinese officials have openly discussed a day when the world might use the renminbi as commonly as it uses the American dollar, which would give China greater say in the global financial system. Should London become a hub for renminbi use, more Chinese companies and investors would consider the city an even more attractive place to do business.

Mr. Li dismissed concerns about a China-owned company buying a British icon. He noted that Hong Kong Exchanges and Clearing has owned the London Metal Exchange for seven years, investing in the British platform and keeping it free from Chinese management.

“We are not a Chinese company, and we are not even a simple Hong Kong company,” Mr. Li said. “We are a global company.”

Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com 

Republican senators slam Facebook for ‘censorship’ of pro-life content

Four Republican senators blasted Facebook for ‘censorship’ over the tech giant’s recent fact check of pro-life organization Live Action.

In a letter today to CEO Mark Zuckerberg, Senators Josh Hawley of Missouri, Ted Cruz of Texas, Kevin Cramer of North Dakota and Mike Braun of Indiana condemn the company’s “pattern of censorship” and demand that it issue a correction, remove any restrictions placed on Live Action and its founder Lila Rose, as well as submit to a “meaningful” external audit.

Last month, Live Action was told by Facebook that its fact checkers had marked two videos containing the statement “abortion is never medically necessary” as false. The tech giant also said that Live Action, its links and Rose’s page would now have reduced distribution and other restrictions because of repeatedly sharing false news.

Westlake Legal Group 5cb7e825-ContentBroker_contentid-53f6034b989d4646a6c1e6862b003c8a Republican senators slam Facebook for 'censorship' of pro-life content fox-news/tech/topics/big-tech-backlash fox-news/tech/companies/facebook fox news fnc/tech fnc e8f3c229-8ff4-54ba-adc3-a732a80ca34a Christopher Carbone article

Facebook CEO Mark Zuckerberg testifies before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington in this April 10, 2018 photograph. (AP)

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One video, titled “The Pro-Life Reply to ‘Abortion Can Be Medically Necessary’,” features neonatologist Dr. Kendra Kolb. The second video, titled “Abortion is NEVER Medically Necessary,” features a speech given by Rose.

Live Action and Rose’s Facebook page reach more than 3 million followers combined.

The senators’ letter questions Facebook’s fact checking operation, which is done in partnership with third parties that have been certified by the International Fact-Checking Network, claiming that two of the people involved in the fact check are “biased” against the pro-life group.

According to Live Action, just today Facebook added another violation to the nonprofit group’s page and sent an alert to over 2,000 of their followers that their content was “false.”

However, on Wednesday afternoon Rose tweeted that Facebook will be updating its fact checking process and removing strikes from the group’s accounts.

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“If this isn’t bias, what is?” the senators wrote, before demanding an audit that allows the company’s top executives to be grilled. “The only thing more astonishing than your claim to nonpartisanship is your complete failure to back that claim with proof.”

Fox News’ James Rogers and Judson Berger contributed to this report.

Westlake Legal Group HarvardStudentFindsFlawLosesFacebookInternship Republican senators slam Facebook for 'censorship' of pro-life content fox-news/tech/topics/big-tech-backlash fox-news/tech/companies/facebook fox news fnc/tech fnc e8f3c229-8ff4-54ba-adc3-a732a80ca34a Christopher Carbone article   Westlake Legal Group HarvardStudentFindsFlawLosesFacebookInternship Republican senators slam Facebook for 'censorship' of pro-life content fox-news/tech/topics/big-tech-backlash fox-news/tech/companies/facebook fox news fnc/tech fnc e8f3c229-8ff4-54ba-adc3-a732a80ca34a Christopher Carbone article

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A Hong Kong-London Stock Exchange Bid Ties 2 Cities in Turmoil

Westlake Legal Group 11hklondon-facebookJumbo A Hong Kong-London Stock Exchange Bid Ties 2 Cities in Turmoil Stocks and Bonds Refinitiv Ltd Mergers, Acquisitions and Divestitures London Stock Exchange London (England) Hong Kong Stock Exchange Hong Kong Exchanges and Clearing Ltd Hong Kong Great Britain

LONDON — Stock exchanges are potent national symbols of capitalistic clout, and a surprise offer on Wednesday by Hong Kong’s exchange to acquire its London competitor is likely to set off a transcontinental tug of war.

If it came to fruition, the Hong Kong Stock Exchange’s unsolicited $36.6 billion bid for the London Stock Exchange would create a market juggernaut, pairing the pre-eminent exchanges in Europe and Asia and creating an emboldened rival to challenge the leading United States exchanges.

Hong Kong officials said on Wednesday that fusing the two exchanges would allow companies and investors to profit from a common platform for trading stocks and bonds that would be open 18 hours a day.

But the proposed deal comes at a time of wrenching economic, political and social turmoil in Britain and Hong Kong that is jeopardizing their standings as regional financial hubs.

In Hong Kong, China’s efforts to assert control over the semiautonomous territory have provoked weeks of angry protests. And in Britain, the government is in turmoil over plans to exit the European Union in a way that could deflate the economy.

The Hong Kong offer would require Britain to cede a corporate crown jewel — one whose roots trace back to 1571 — at a time when London’s centuries-long status as a leading financial capital is already in doubt because of Brexit.

Britain has been more open to investment from China and Hong Kong than other Western countries have. Li Ka-shing, the Hong Kong tycoon, has invested in British infrastructure for years, and London has been slow to bend to Washington’s pressure not to use equipment from Huawei, the Chinese maker of telecom gear. But the Hong Kong protests have brought questions of Chinese influence to the fore.

The Chinese government is the largest shareholder of the Hong Kong exchange, with the right to name six of its 13 board members, and Beijing’s responses to the antigovernment demonstrations in Hong Kong are likely to lead British officials to closely scrutinize the deal for any signs of Chinese government influence. Britain’s business minister, Andrea Leadsom, said in a Bloomberg Television interview on Wednesday that regulators would “look very carefully at anything that had security implications for the U.K.”

Previous foreign takeovers of British companies have been derailed or delayed on similar grounds, such as a proposed takeover last year of Northern Aerospace by a Chinese rival. The British government announced plans last year to significantly toughen its scrutiny of foreign takeovers, with a particular eye on those coming from China.

Hong Kong’s proposed takeover is the latest piece of a decade-long rush toward consolidation of stock exchanges around the world, as they try to fend off both upstart competitors and new technology that threatens traditional market exchanges with obsolescence.

Both the Hong Kong and the London exchanges have sought merger partners. They and others are crossing borders to better appeal to companies that no longer necessarily see one country as their home. American executives, for example, regularly travel to Asia to try to persuade fast-growing private companies to list their shares in the United States, rather than Hong Kong or Tokyo.

Stock exchanges have been transformed as a result. In the United States, both the New York Stock Exchange and the Nasdaq Stock Market are now part of broader, more global companies.

The London Stock Exchange Group in particular has been the object of desire for other exchanges: Deutsche Börse and the Toronto Stock Exchange have both tried and failed at takeovers in the past decade.

Trying to bolster its standing as an independent company, the London exchange last month agreed to buy the data provider Refinitiv for $27 billion. That pending deal makes the Hong Kong bid even more of a long shot because it would make the London Stock Exchange bigger than its Asian rival.

The Hong Kong company’s takeover interest caught the management of the London Stock Exchange by surprise.

Executives at the two exchanges met on Monday in what British executives figured would be a casual discussion about the state of their industry, according to people with knowledge of the matter.

Instead, the Hong Kong officials declared that they wanted to buy the London exchange for nearly $37 billion.

Less than 48 hours later, the Hong Kong company made its offer public, hoping to cause a swell of support for the deal from the London Stock Exchange’s shareholders.

Under the terms of the offer, the Hong Kong company would pay cash and stock worth about 8,361 pence per share as of Sept. 10’s stock prices, a 23 percent premium to where the London exchange’s company had been trading.

British takeover rules now say that the Hong Kong exchange has 28 days to either make a firm acquisition offer for the London Stock Exchange or walk away.

For now, it is unclear what will happen. Shares in the London Stock Exchange Group rose 6.6 percent on Wednesday, to 7,254 pence. That remains below the Hong Kong exchange’s offer, suggesting skepticism from the London company’s shareholders that a deal will come to pass.

The London exchange said in a statement that it would consider the unsolicited offer from its Hong Kong counterpart but remained committed to completing its $27 billion deal to buy Refinitiv. That transaction would thrust the London exchange deeper into the business of selling and managing market data, a business that has grown in prominence and profitability for exchanges.

But proponents of the Hong Kong offer are likely to argue that becoming part of a European-Asian giant is a surer business bet than buying Refinitiv, which has long lagged Bloomberg L.P. in the market data industry.

Charles Li, the chief executive of the Hong Kong exchange’s parent company, said on a conference call with the media on Wednesday that the Refinitiv transaction helped push his company to hastily move forward with a bid. “We know we were late,” he said. “We don’t want to be late again.”

The offer comes at a politically turbulent time for both exchanges’ home bases. The British government remains paralyzed by questions about how the country should leave the European Union, while the business community remains in the dark about what Brexit would mean for London’s place on the business world stage.

At the same time, Hong Kong has been torn by mass demonstrations over what protesters see as a more assertive hand by Beijing in what is meant to be a semiautonomous region of China, operating under its own laws, which international businesses and investors find attractive compared with conditions on the mainland.

On Wednesday, Mr. Li rejected the idea that the Hong Kong exchange would want to loosen its ties to the mainland. He noted London’s ambition to become a global center for trading in the renminbi, the Chinese currency, and said the Hong Kong exchange could help fulfill that. Beijing heavily restricts the currency from crossing its borders, but some Chinese officials have openly discussed a day when the world might use the renminbi as commonly as it uses the American dollar, which would give China greater say in the global financial system. Should London become a hub for renminbi use, more Chinese companies and investors would consider the city an even more attractive place to do business.

Mr. Li dismissed concerns about a China-owned company buying a British icon. He noted that Hong Kong Exchanges and Clearing has owned the London Metal Exchange for seven years, investing in the British platform and keeping it free from Chinese management.

“We are not a Chinese company, and we are not even a simple Hong Kong company,” Mr. Li said. “We are a global company.”

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11 Powerful Quotes About Motherhood From Taraji P. Henson

Westlake Legal Group 5d7948242300001c05514722 11 Powerful Quotes About Motherhood From Taraji P. Henson

Taraji P. Henson has a deep understanding of both the challenges and joys of parenthood.

The “Empire” star welcomed her son Marcell in 1994 while she was a student at Howard University. Marcell’s father, Henson’s ex-boyfriend William LaMarr Johnson (whom she refers to as Mark), was murdered in 2003. Over the years, Henson has candidly discussed her experience as a single mom in interviews, as well as in her memoir “Around the Way Girl.”

In honor of Henson’s birthday, here are 11 quotes from her about motherhood.

On Her Son’s Birth

“I went into labor on Mother’s Day in 1994, just after my boyfriend Mark took our mothers and me to dinner. I’m at least ninety-five percent positive I ate my way into the contractions. The whole time I was stuffing my face, Mark was clowning with me like he always did, calling me a beached whale and a few other things that had me cackling and feeling good. I swear, all that teasing is the reason why Marcell came out looking just like his daddy; they’ve got the same head and eyes, the same thick, hard, leathery hands. Marcell is Mark’s boy, indeed. And Mark was so excited to be his father. It was he who helped me into the wheelchair and rushed me through the halls into the emergency room. He was so excited and nervous, he was bumping me all into the walls. When Marcell finally made his big debut, Mark lay on top of me and cried tears so joyous, so infectious, everyone else in the room fell out in tears, too.”

On Parenting Today

“These days we’re so busy protecting our kids, when we really should be pulling back the blinds and showing them that we live in a world that’s not always fair and moral. Sometimes we try to protect our children so much that when something doesn’t go right in their lives, they’re unprepared to deal with adversity. I don’t think that does our kids any favors.”

On How Her Baby Changed Her Life

“I never saw my baby as a roadblock to my goals or a strike against my ability to do exactly what I planned to do with my life; I simply started planning and dreaming about ways I would get what I wanted out of life while I had a baby on my hip. Having my son gave me a laser-sharp focus. That is the miracle of single motherhood: it is not easy to raise a human being with a partner, but doing so alone requires a Herculean effort that is all muscle and grit, built up with repetitive sets of sacrifice. Whatever you gain, whatever you earn, you give to your baby and you work triple hard to show your child-not anyone else-that moving forward, no matter how tiny the steps, is possible. This is a single mother’s love.”

“I never saw my baby as a roadblock to my goals or a strike against my ability to do exactly what I planned to do with my life; I simply started planning and dreaming about ways I would get what I wanted out of life while I had a baby on my hip.”

On Her Desire To Be A Mom

“That vision of domesticity was ingrained in my DNA, and I’ve never strayed far from the ideal. Even as a little girl, I would set up all my ultragirly toys—my play iron and ironing board, my kid kitchen, my pretend vacuum cleaner, all of that—and imagine I was the lady of the house, cooking dinner and doing laundry while waiting for my husband to get in from work. Barbie? Please—she couldn’t do a thing for me but remind me that I didn’t have much. Barbie had it all, condos, shoes, cars. Hell, just having Barbie would have broken the bank, considering all the accessories you had to buy to make her extra fly. I was much more into changing pampers on doll babies, pretend feeding them bottles and smushed applesauce and peas, and then play rocking them to sleep. That instinct—that desire for motherhood, marriage, and domesticity—only grew stronger after puberty hit and stronger still after I trotted off to Howard in pursuit of an acting career. It bloomed right along with every other facet of me.”

On Breaking Up With Her Son’s Father

“Like my mother before me, I made the difficult decision to cut off that romantic relationship with the father of my child, not just for my sake, but also for that of my baby boy. With that separation, my forever man, my first love was no more and my dream of building a family with him was over. In so many judgmental eyes, I’d become another statistic: a baby mama. But my becoming a single mother was about making a sound parenting decision that would ultimately save our lives.”

On Dating As A Single Mom

“If I was going to get married, it had to be for love, because I wanted [my son] Marcell to see that real kind of love — the kind I yearn for. That old couple crooked and bent over but still holding hands. I know that kind of love exists and I’m not going to stop until I have that.”

On Single Motherhood

“Of course, choosing to be a single mother, even under such dire circumstances, still opened me up to some severe criticism. The common-held assumption used to be that if there’s no diamond on the ring finger of the hand pushing the baby stroller, the mother attached to it must be an irresponsible lazy ass who got pregnant by accident (or on purpose so she could live off the government), and the poor baby in said stroller is either a mistake, a statistic or a paycheck. Hardly anyone ever considers that the children of black single mothers are made from love ― that we care deeply about our babies and, like any mother with a heart that beats and a mind that is reasonably right, want the very best for them … Hell, even the president of the United States-four of them, in fact-were raised by single mothers … Nevertheless, mention that you’re a single mom, and all-too-many of us still have to cut through a thick, gristly layer of stigma before we’re given our proper due … The grace and understanding for the familial choices of married women is a given. The humanity of single moms comes with asterisks, ridicule and judgmental questions.”

“My becoming a single mother was about making a sound parenting decision that would ultimately save our lives.”

On Therapy

“It’s the best thing I could have done in my life. Juggling being a single mother, raising a black man, how do I protect him? That’s a lot to carry … He’s an artist now and he’s very open. From his pain, he had to be. I asked him if he minded if I talked openly about it, but if you don’t, who are you helping? Therapy is not easy. You have to look at yourself in the mirror. You have to deal with all those thoughts, with the pain. We have a very clever way of sweeping it away and coping in another way. You can do it in a healthy way. And all it takes is talking to someone.”

On Priorities

“I’m a mother first. I’m not trying to bring this guy and this guy around. I’m raising my son, and he’s gonna respect women, and that starts with me. [Dating] in the spotlight ― I have to consider my son. I don’t want to make it uncomfortable for him when he goes to school with his peers. And I have to answer to my mom too. And my 91-year-old grandmother. I can’t be like, ‘Nothing, Grandma, I didn’t do it; it’s just a [picture of a] girl that looks like me, I promise!’”

On Pressure

“It depends on what women equate success with. I think we try to do our best. And yes, we can do it all, but I wouldn’t wish being a single parent on my worst enemy. It is not easy.”

On Pursuing An Acting Career As A Mom

“When I got pregnant in college, people said, ‘This is it for her.’ But I did not stop. I never missed a class. I was in the school musical when I was six months pregnant ― we just made the character pregnant. My mother swears [my son] Marcell came out doing the dance; he had learned the choreography. When I graduated, I carried my son across the stage. I wanted to be an actress; I moved out to L.A. with him. People were like, ‘Are you crazy, moving to California with your son?’ My father was like, ‘Leave him home.’ I said, ‘I can’t leave my son at home.’ [And eventually] my father said, ‘That’s your baby. That’s your blessing. He’s going to be your strength.’ And you know what? He was. I didn’t have time to go to the club to ‘network.’ That’s B.S. No business deals go down at the club. So I didn’t get caught up in that. I had a mission. I had to make my dream come true. If I didn’t, what was I proving to my son?”

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Girlfriend of Cleveland Browns defensive end Chris Smith is killed in car crash

Westlake Legal Group 22e664ef-Chris-Smith Girlfriend of Cleveland Browns defensive end Chris Smith is killed in car crash Talia Kaplan fox-news/us/us-regions/midwest/ohio fox-news/us/us-regions/midwest fox-news/us/disasters/transportation fox-news/sports/nfl/cleveland-browns fox news fnc/sports fnc f6975049-2e98-5ed9-87f8-2155cc5a3580 article

The girlfriend of Cleveland Browns defensive end Chris Smith was killed in a car accident on Interstate 90 in Ohio early Wednesday, the team said in a statement.

Smith and his girlfriend, Petara Cordero, who recently celebrated the birth of a daughter, were in his Lamborghini around 2 a.m. Wednesday when the vehicle had a tire malfunction and spun out, ultimately hitting the median. Smith and Cordero, 26, were able to get out of the car without significant injuries. Cordero, who was standing on the shoulder of the highway, was then struck by another car that crashed into her and the passenger side of Smith’s car, according to Fox 8 in Cleveland.

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Cordero was rushed to an area hospital, where she was pronounced dead, according to the news outlet. Smith was not injured.

The driver of the second car was also taken to the hospital, the television station reported, adding that she was treated and released.

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The other driver admitted to drinking, according to a Cleveland police report provided by the Browns. The crash remains under investigation.

Browns owners Dee and Jimmy Haslam offered their condolences to Smith, who signed a three-year contract with the team in March 2018.

“Words cannot describe the sorrow we feel for Chris following the loss of his girlfriend, Petara,” the owners said in a statement. “Our entire organization mourns with Chris, his family and the Cordero family. We will do everything possible to offer them our support, comfort and any resources in this most difficult time.”

Cleveland’s players were informed about the tragedy during a meeting, and coach Freddie Kitchens visited Smith at his home.

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The Browns will have grief counselors on hand throughout the week to provide emotional support to all the players and staff, according to the team, which added that Smith will “have the opportunity to grieve as he sees … fit, including being excused from or participating in any team activities, if desired.”

Click for more from Fox8.com.

The Associated Press contributed to this report.

Westlake Legal Group 22e664ef-Chris-Smith Girlfriend of Cleveland Browns defensive end Chris Smith is killed in car crash Talia Kaplan fox-news/us/us-regions/midwest/ohio fox-news/us/us-regions/midwest fox-news/us/disasters/transportation fox-news/sports/nfl/cleveland-browns fox news fnc/sports fnc f6975049-2e98-5ed9-87f8-2155cc5a3580 article   Westlake Legal Group 22e664ef-Chris-Smith Girlfriend of Cleveland Browns defensive end Chris Smith is killed in car crash Talia Kaplan fox-news/us/us-regions/midwest/ohio fox-news/us/us-regions/midwest fox-news/us/disasters/transportation fox-news/sports/nfl/cleveland-browns fox news fnc/sports fnc f6975049-2e98-5ed9-87f8-2155cc5a3580 article

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