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@ISIDEWITHQuestionseconomy10yrs ago

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

In 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 bankers' pay will push up non-bonus pay and cause bank's costs to rise.

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 @ISIDEWITH submitted…2 days2D

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…2 days2D

Starmer Throws Netanyahu Under the ICC Bus: UK Backs Arrest Warrant for Israeli PM

Sir Keir Starmer has backed the International Criminal Court (ICC) after it issued an arrest warrant for Benjamin Netanyahu, the Israeli prime minister.When asked about the issue, Sir Keir’s official spokesman said the Government respected the independence of the court.He declined to say whether Mr Netanyahu would be arrested if he arrived in the UK.The spokesman said: “We respect the independence of the ICC, which is the primary institutional institution for investigating and prosecuting the most serious crimes in relation to international law.“This Government has been clear that Israel has a right to defend itself in accordance with international law. There is no moral equivalence between Israel, a democracy and Hamas and Lebanese Hezbollah, which are terror groups.“We remain focused on pushing for an immediate ceasefire to bring an end to the devastating violence in Gaza.”Under the Conservatives, the British government had told the court it intended to challenge the plans for the arrest warrants.However, weeks after coming to power, Sir Keir’s government reversed that position and said it would not object.Downing Street also declined to say whether Mr Netanyahu would be welcome to visit Britain in the future.Sir Keir’s spokesman said: “We never comment on future international visits but my position on the Prime Minister’s support for Israel in terms of its right to defend itself in accordance with international law is very clear.”The spokesman repeatedly declined to “go into hypotheticals” about whether Mr Netanyahu would be arrested if he arrived in the UK.He added: “It’s not up to the Prime Minister to determine other world leaders’ travel schedules. He engages and will continue to engage with the prime minister of Israel in support of Israel’s right to defend itself.”Pressed on what he meant by his comments about the court, the spokesman said: “It means that we respect the independence of the ICC. We respect the fact that the ICC is the primary international institution for investigating and prosecuting the most serious crimes of international concern.”The spokesman went on to say the Government’s “focus” remained an end to the violence in the Middle East, which has been ongoing for more than a year after the Oct 7 terror attacks by Hamas.

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 @ISIDEWITH submitted…2 days2D

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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