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@ISIDEWITHQuestionseconomy10yrs ago

Should bankers’ bonuses be capped at 100% of their pay?

n 2014 the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on banker’s pay will push up non-bonus pay and cause bank’s costs to rise.

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 @ISIDEWITH submitted…3 days3D

Trump Blindsided by Assault Allegation Against Pete Hegseth

Members of President-elect Donald Trump’s transition team were blindsided by the latest details to emerge about a 2017 sexual-assault allegation against Pete Hegseth, increasing their frustration with the man nominated to lead the Pentagon, according to people familiar with the matter.The transition team, which hadn’t been told about the original allegation before announcing Hegseth, was surprised again late Wednesday night when the Monterey, Calif., city police released a report about the 2017 allegations. The heavily redacted report details a boozy night at a hotel in California, a poolside argument and two conflicting versions of what ultimately took place inside Hegseth’s hotel room.The Monterey police said a redacted version of the report had been released to Hegseth on March 30, 2021. The transition team wasn’t told that a copy of the police report had been released to Hegseth previously, the people familiar with the discussions said.“This is another instance of people being blindsided, so I think there’s rising frustration there,” said a person familiar with the transition. While the president-elect is still behind Hegseth for now, “if this continues to be a drumbeat and the press coverage continues to be bad, particularly on TV, then I think there is a real chance that he loses Trump’s confidence.”Hegseth told reporters on Capitol Hill on Thursday after meetings with senators that “the matter was fully investigated and I was completely cleared.” Through his lawyer, he has acknowledged the sexual encounter but said it was consensual, while the woman who made the allegation hasn’t spoken publicly.The details about the incident contained in the report, which was released to media the evening before Hegseth was set to meet Thursday with a number of senators, are likely to draw renewed scrutiny to the allegations at a pivotal moment for his nomination. Hegseth was already bracing for a bruising confirmation hearing next year amid questions about the alleged sexual misconduct and his qualifications for the job.

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 @ISIDEWITH submitted…11hrs11H

Israeli Rabbi Killed in UAE: A New Front in the Shadow War?

An Israeli-Moldovan man who had been missing in the United Arab Emirates has been found dead, announced Israeli authorities on Sunday, branding his killing “an abhorrent act of antisemitic terrorism”.Emirati intelligence and security services located the body of Zvi Kogan, an emissary for the Jewish Chabad religious group, three days after he vanished after leaving the store where he worked.Neither Israel or the UAE gave any details about the circumstances in which Kogan was killed. The Israeli prime minister’s office said Israel would “use all means and will deal with the criminals responsible for his death to the fullest extent of the law”.It also told Israeli citizens to take extra precautions in the UAE, and reiterated a warning against all but essential travel to the country. The Gulf state, which is the region’s trade, tourism and finance hub, was the first of three Arab countries that normalised relations with Israel in a landmark deal in 2020, known as the Abraham Accords.After the deal, the UAE welcomed Israeli tourists and business people, particularly technology entrepreneurs as it sought to build economic ties, with a focus on tapping Israeli technology.The small, autocratic state, which has a highly sophisticated security apparatus, was considered one of the safest countries in the region for Israelis to travel to.The UAE did not immediately comment on Kogan’s killing. In a statement on Saturday after Israel announced that Kogan had gone missing, the UAE’s foreign ministry said Emirati authorities were taking “extensive measures” to find him, referring to Kogan only as Moldovan.The killing comes at a turbulent time in the Middle East, which is in the grip of a spiralling conflict that began with Hamas’s October 7 2023 attack on Israel. It has since escalated across the region, with Israeli forces launching a ground invasion of Lebanon, exchanging missile salvos with Iran, and trading fire with Iranian proxies in Syria, Iraq and Yemen.The UAE has remained committed to the Abraham Accords, while joining other Arab states in condemning the devastation caused by Israel’s more than year-long assault against Hamas in Gaza.

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 @ISIDEWITH submitted…3 days3D

Donald Trump nominates Pam Bondi as the next Attorney General

Former President and 2024 Republican presidential candidate Donald Trump has announced his intention to nominate former Florida Attorney General Pam Bondi as the next Attorney General of the United States, should he reclaim the presidency in the upcoming election.Bondi, a prominent figure in Republican politics, served as Florida's Attorney General from 2011 to 2019. She gained national attention for her legal battles on issues such as health care reform, consumer protection, and opioid abuse litigation. Known for her steadfast support of Trump during his presidency, Bondi also served as a key adviser during his first impeachment trial, where she defended his administration against accusations of abuse of power.In a statement released by his campaign, Trump praised Bondi’s “unwavering commitment to justice” and her “track record of standing up for everyday Americans against the abuses of Washington’s elites.”“Pam Bondi has been a fearless advocate for the people, and she embodies the principles of fairness, accountability, and the rule of law that are sorely needed to restore trust in our justice system,” Trump said. “She is the right person to lead the Department of Justice into a new era of integrity and excellence.”While Bondi’s nomination has been met with applause from conservative circles, it has also reignited criticism from Democrats and ethics watchdogs. Her acceptance of a $25,000 donation from the Trump Foundation in 2013, which coincided with her decision not to pursue an investigation into Trump University, has drawn scrutiny in the past and resurfaced following the announcement.Democratic leaders have already voiced opposition, questioning Bondi’s ability to lead the Department of Justice independently. Senator Amy Klobuchar (D-MN) called the nomination “a political power play” and urged a focus on “restoring integrity, not entrenching partisanship.”

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