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UN: Urgent global aid needed for flood-affected Afghan children

June 3, 2024 - 12:48
Islamabad — The United Nations said Monday that flash floods in Afghanistan, caused by extreme weather events related to climate change, are impacting tens of thousands of children, especially in northern and western provinces. The impoverished South Asian country has experienced unusually heavy seasonal rainfall and flash flooding over the past month, affecting more than 100,000 people and resulting in loss and damage to houses, infrastructure, and the livelihoods of people in 32 out of 34 Afghan provinces.  The calamity has killed at least 350 people, including women and children, damaging close to 8,000 homes and displacing more than 5,000 families besides destroying crops and agricultural land, according to the U.N. Children’s Fund, or UNICEF. “The recent extreme weather in Afghanistan has all the hallmarks of the intensifying climate crisis — some of the affected areas experienced drought last year,” the agency noted in a Monday statement. It attributed the loss of lives and livelihoods and damage to infrastructure to an increase in the “frequency and ferocity” of extreme weather events in the country.  Aid agencies have cautioned that many flood survivors cannot make a living and have been left with no homes, no land, and no source of livelihood.  Tajudeen Oyewale, the UNICEF representative in Afghanistan, urged the international community to redouble efforts and investments to support communities to alleviate and adapt to the impact of climate change on children. “The growing number and severity of extreme weather events will require UNICEF and other humanitarian actors to step in with even more rapid and large-scale humanitarian responses,” Oyewale added.   He stressed the need for UNICEF and the humanitarian community to prepare themselves for “a new reality of climate-related disasters in Afghanistan. The war-ravaged country ranks 15th out of 163 countries in the Children’s Climate Risk Index. “This means that not only are climate and environmental shocks and stresses prominent in the country, but children are particularly vulnerable to their effects compared with elsewhere in the world,” UNICEF said.  The Save the Children charity has warned through a recent statement that about 6.5 million Afghan children are forecast to experience crisis-level hunger this year, citing the impact of floods, prolonged drought, and the return of hundreds of thousands of undocumented Afghans from neighboring Pakistan. The World Food Program estimates that 3 million Afghan children are malnourished, and it can only reach one-third of them. The decline in international assistance has led to a rise in children’s admissions to malnutrition clinics in Afghanistan, the agency cautioned.   Afghanistan, one of the countries most at risk of global climate crisis, is among the least responsible for carbon emissions.  Afghan children are particularly vulnerable to the effects of climate and environmental shocks and stresses compared to elsewhere in the world, the statement said.  The return of the fundamentalist Taliban to power in Kabul in 2021 has led to the immediate termination of financial aid to the country, while international humanitarian assistance has recently also declined. This has worsened humanitarian conditions and pushed Afghanistan’s economy to the brink.

Spanish, French farmers block border days before EU election

June 3, 2024 - 12:13
LA JUNQUERA/IRUN, Spain — Spanish and French farmers blocked roads along the border through the Pyrenees mountains on Monday ahead of European Parliament elections to protest against what they say is unfair competition from outside the European Union.   Earlier this year, farmers obstructed roads for weeks in countries across the EU, saying they faced rising costs and taxes, red tape, excessive environmental regulations and unfair competition from cheap food imports.   With EU elections looming on June 6-9, French and Spanish farmers used dozens of tractors to block both sides of the border on the AP-8 highway in the Basque Country and the AP-7 highway in Catalonia.   "Since we have European elections, let's see if our politicians take the sector seriously and listen to our demands," Spanish farmer Josep Juscafrase, 54, told Reuters.   Weeks of farmer protests compelled the EU in May to extend subsidy allowances by six months to support the 27-nation bloc's agricultural sector.   The EU also watered down parts of its flagship Green Deal environmental policies, removing a goal to cut farming emissions from its 2040 climate roadmap.   "It's important (to hold the protest) because in France, agriculture is hard. It's been neglected for around 20 years or even longer. And we feed the people, you know," French farmer Sylvain Fourriques, 39, said.   At the Catalan border with France, farmers played soccer and cooked paellas while blocking crossings, creating long queues of cars and trucks.   "While thousands of truck drivers remain blocked on many roads without being able to get out or even eat..., farmers calmly prepare to eat a good paella. And where are the police?" Spanish transport association Fenadismer, which estimates 20,000 trucks cross the border with France each day, said on X.   The European Parliament election begins on Thursday, although most countries will cast their ballots on Sunday.

Algeria seeks to lure tourists to neglected cultural, scenic glories

June 3, 2024 - 12:00
ORAN, Algeria — Algeria wants to lure more visitors to the cultural and scenic treasures of Africa's largest country, shedding its status as a tourism backwater and expanding a sector outshone by competitors in neighboring Morocco and Tunisia.   The giant north African country offers Roman and Islamic sites, beaches and mountains just an hour's flight from Europe, and haunting Saharan landscapes, where visitors can sleep on dunes under the stars and ride camels with Tuareg nomads.   But while tourist-friendly Morocco welcomed 14.5 million visitors in 2023, bigger, richer Algeria hosted just 3.3 million foreign tourists, according the tourism ministry.   About 1.2 million of those holiday-makers were Algerians from the diaspora visiting families.   The lack of travelers is testimony to Algeria's neglect of a sector that remains one of world tourism's undiscovered gems.   As Algeria's oil and gas revenues grew in the 1960s and 70s, successive governments lost interest in developing mass tourism. A descent into political strife in the 1990s pushed the country further off the beaten track.   But while security is now much improved, Algeria needs to tackle an inflexible visa system and poor transport links, as well as grant privileges to local and foreign private investors to enable tourism to flourish, analysts say.   Saliha Nacerbay, General Director of the National Tourism Office, outlined plans to attract 12 million tourists by 2030 - an ambitious fourfold increase.   "To achieve this, we, as the tourism and traditional industry sector, are seeking to encourage investments, provide facilities to investors, build tourist and hotel facilities," she said, speaking at the International Tourism and Travel Fair, hosted in Algiers from May 30 to June 2.   Algeria has plans to build hotels and restructure and modernize existing ones. The tourism ministry said that about 2,000 tourism projects have been approved so far, 800 of which are currently under construction.   The country is also restoring its historical sites, with 249 locations earmarked for tourism expansion. Approximately 70 sites have been prepared, and restoration plans are underway for 50 additional sites, officials said.   French tourist Patrick Lebeau emphasized the need to improve infrastructure to fully realize Algeria's tourism prospects.   "Obviously, there is a lot of tourism potential, but much work still needs to be done to attract us," Lebeau said.   Tourism and travel provided 543,500 jobs in Algeria in 2021, according to the Statista website. In contrast, tourism professionals in Morocco estimate the sector provides 700,000 direct jobs in the kingdom, and many more jobs indirectly.

VOA Newscasts

June 3, 2024 - 12:00
Give us 5 minutes, and we'll give you the world. Around the clock, Voice of America keeps you in touch with the latest news. We bring you reports from our correspondents and interviews with newsmakers from across the world.

VOA Newscasts

June 3, 2024 - 11:00
Give us 5 minutes, and we'll give you the world. Around the clock, Voice of America keeps you in touch with the latest news. We bring you reports from our correspondents and interviews with newsmakers from across the world.

Chadian women contest underrepresentation, say it undermines national dialogue recommendation

June 3, 2024 - 10:37
YAOUNDE, CAMEROON — Chad’s female leaders and activists have strongly condemned what they say is their negligible representation in President Mahamat Idriss Deby's first civilian government after a three-year transition from military rule. The women voiced their concerns during a meeting in Chad's capital, N'djamena, on Monday. Several dozen female activists and opposition members say they are upset with what they call Chadian President Mahamat Idriss Deby's decision to exclude them from political issues in his first civilian government. The women who met in N'djamena on Monday, said Deby should have rejected the government appointed by new Prime Minister Allamaye Halina last week. Halina was appointed by Deby to replace Succes Masra, who resigned after his defeat in Chad's May 6 presidential election. Masra was in office for four months. Amina Tidjani Yaya is the coordinator of Voix De La Femme, or Women's Voice, a nongovernmental organization that advocates for the respect of women's rights and political participation. She says female leaders and activists do not understand why Chad's new prime minister, Allamaye Halina, decided to reduce the number of female ministers from 12 during Chad's three-year transitional period to eight in the first civilian government he appointed May 27. Yaya says Chadian officials have not respected the resolution of the central African nations’ 2022 Inclusive and Sovereign National Dialogue, which states that more women should be appointed to government positions. Chad's new government has 35 ministers. Twenty-three served in the previous administration before Deby was declared the winner of Chad's May 6 presidential election, ending three years of military transition, returning to constitutional order. During his inauguration, Deby promised to involve opposition parties, youths and women in executing his immediate task, which he said is to reconcile differences among all Chadians and make the central African state a better place in which to live. The female leaders and activists say increasing women's political participation would have been synonymous with improving respect for human rights, justice, the rule of law, governance and democracy. They say women constitute the majority of Chad's population and can have more influence than men in peacekeeping processes. Female leaders say there have been tensions and conflicts involving armed groups who accused the new president of using the military to prolong his family’s rule. Deby's family has had a firm grip on power since his father, Idriss Deby Ino, took over in a 1990 coup and died in April 2021 before the younger Deby took power. The women say Deby should have involved more women in the current government because Chad is a signatory to the Maputo Protocol, a commitment by African nations through the African Union to ensure gender equality in political decision making. Chad's government has not responded to the women's request for more representation in politics. But the central African state’s prime minister, after officially taking office on May 24, pleaded with all Chadians to resolve their differences and collaborate with the new government which he maintained will work for the well-being of all citizens. Senoussi Hassana Abdoulaye, a jurist and lecturer at Chad's university of Ndjamena, told state TV on Monday that Deby and his new civilian government cannot be officially held responsible for reducing the number of female ministers because no law in Chad imposes gender equity in political appointments. He says all women in Chad should register and massively take part as candidates and voters in local council and parliamentary elections that President Mahamat Idriss Deby says will take place before December of this year. He says if women succeed in having a majority of seats in parliament, they can enact laws that compel government officials to respect political equality between men and women. In February, female leaders and activists from Burkina Faso, Chad, Gabon, Guinea, Mali and Niger met in N’djamena and said they want to be involved in the highest decision-making circles of the African military governments involved with political transitions. The meeting, which took place under the theme African Women in Transitional Governments, reiterated that women constitute a majority of civilians in the six states, bear the brunt of violence from military takeovers and are highly underrepresented in decision-making circles. The women promised to make their participation in transitional governance a subject of discussion during important events like their countries’ national days and international events organized by the United Nations and African Union.

Pakistani Christian man dies from blasphemy mob assault injuries

June 3, 2024 - 10:33
Islamabad — Police and relatives in majority-Muslim Pakistan reported Monday that a Christian man who was severely injured in a mob attack a week ago over disputed blasphemy allegations has died due to his injuries. Nazir Masih, the 70-year-old victim, was receiving treatment for severe head injuries at a military-run hospital near the capital, Islamabad, after being rescued, along with family members, from angry protesters gathered outside his residence in the city of Sargodha on May 25. He underwent multiple surgeries but could not survive, a police official said. The mob ransacked Masih’s house and burned down his shoe shop, claiming he had desecrated Islam’s holy book, the Quran, allegations his relatives rejected as baseless. Social media videos from Sargodha showed Christians carrying Masih’s coffin through the street, shouting “Praise to Jesus” and “Jesus is great.” The coffin was covered in black fabric and had a small crucifix on it. Christian community leaders lamented the latest mob lynching and urged the Pakistani government to ensure the protection of religious minorities and to punish those responsible for inciting mob violence in the name of religion over controversial blasphemy charges.   “Yet again, hate has brought us to the place where we must ask questions,” Bishop Asad Marshall, the president of the Church of Pakistan, said in a statement posted on X Monday. “The question is when will those who make a change and those who pursue justice seek truth and cry for a more just and fair world? When will those lives rise up for the sake of Pakistan’s own?” Marshall asked. ‘’We lift our voices in lament, regret, solidarity, and for an honest plea for justice.” Police have arrested dozens of suspects in connection with the mob attack under Pakistan’s anti-terrorism law. They had also launched an investigation into the blasphemy charges against Masih.  Blasphemy is a highly sensitive issue in Pakistan, and mere allegations have led to mobs lynching dozens of suspects — even some in police custody. Insulting the Quran or Islamic beliefs is punishable by death under the country's blasphemy laws, though no one has ever been executed. The Sargodha incident revived memories of one of the worst attacks on Christians in August 2023 in Jaranwala, another city in the central Punjab province, the country’s most populous. That attack involved thousands of Muslim protesters attacking a Christian settlement and burning 21 churches as well as damaging more than 90 properties over allegations two Christian brothers had desecrated the Quran.  The violence prompted several Christian families to flee their homes. A subsequent police crackdown arrested scores of people, including the Christians accused of blasphemy.  Critics have long called for reforming the blasphemy laws, saying they are often misused to settle personal scores. Hundreds of suspects, mostly Muslims, are languishing in jails in Pakistan because external pressures deter judges from moving their trials forward.  "While the majority of those imprisoned for blasphemy were Muslim, religious minorities were disproportionately affected,” the U.S. State Department noted in its recent annual report on human rights practices in Pakistan.  The report noted that Pakistani courts often failed to adhere to basic evidentiary standards in blasphemy cases. The U.S. report attributed the lack of adherence “to fear of retaliation from religious groups if they acquitted blasphemy defendants, and most convicted persons spent years in jail before higher courts eventually overturned their convictions or ordered their release.”

VOA Newscasts

June 3, 2024 - 10:00
Give us 5 minutes, and we'll give you the world. Around the clock, Voice of America keeps you in touch with the latest news. We bring you reports from our correspondents and interviews with newsmakers from across the world.

From shophouses to shopping malls, Jakarta’s Chinatown mixes modern with traditional

June 3, 2024 - 09:49
In the Indonesian capital Jakarta, many residents of Chinese descent still live and work in the city's Chinatown, as they have for hundreds of years. It’s an area that continues to evolve as traditional shops compete with modern chains. VOA's Ahadian Utama reports. (Camera: Ahadian Utama, Indra Yoga; Produced by: Ahadian Utama,)

UK gives date for first Rwanda asylum seekers' deportation flights

June 3, 2024 - 09:35
LONDON — Britain intends to begin deporting asylum seekers to Rwanda on July 24, a government lawyer said on Monday, although the hotly contested scheme is dependent on Prime Minister Rishi Sunak's Conservative Party winning the upcoming election. Sending asylum seekers who have arrived in Britain without permission to Rwanda is one of Sunak's flagship policies, but legal and parliamentary obstacles have meant it has never got off the ground. Sunak has said the deportation flights will not leave before the July 4 election but has promised if he wins they would begin soon after. The opposition Labour Party, leading by about 20 points in opinion polls, has pledged to scrap the plan if elected. In documents submitted to the London High Court as part of a challenge to the policy by charity Asylum Aid, government lawyers said the intention was "to effect removals with a flight to Rwanda on 23 July 2024 [and not before]." However, government lawyer Edward Brown later told the court that an "operational update" from the Home Office (interior ministry) said the first flight would in fact leave on July 24. The scheme — first drawn up by one of Sunak's predecessors, Boris Johnson, in 2022 — aims to deter asylum seekers making the dangerous journey across the Channel in small boats from France. Last November, the UK Supreme Court declared the policy unlawful, prompting Sunak to sign a new treaty with the East African country and to pass new legislation to override this. Asylum Aid's lawyer Charlotte Kilroy said the date earmarked for the flight was "news to us." The judge, Martin Chamberlain, remarked: "This is all going to be subject to the outcome of the general election, but we obviously cannot make any predictions about that." The numbers of asylum seekers crossing the Channel has risen to record numbers this year, with more than 10,000 people arriving so far, after numbers fell by a third in 2023.

VOA Newscasts

June 3, 2024 - 09:00
Give us 5 minutes, and we'll give you the world. Around the clock, Voice of America keeps you in touch with the latest news. We bring you reports from our correspondents and interviews with newsmakers from across the world.

Sri Lanka closes schools as floods and mudslides leave 10 dead and 6 others missing

June 3, 2024 - 08:43
COLOMBO — Sri Lanka closed schools on Monday as heavy rain triggered floods and mudslides in many parts of the island nation, leaving at least 10 people dead and six others missing, officials said.   The education ministry announced that the reopening of schools would depend on how the weather develops.   Heavy downpours have wreaked havoc in many parts of the country since Sunday, flooding homes, fields and roads, and forcing authorities to cut electricity as a precaution.   Six people died after being washed away and drowning in the capital, Colombo, and the remote Rathnapura district on Sunday, according to the disaster management center. Three others died when mounds of earth collapsed on their houses, and one person died when a tree fell on him. Six people have gone missing since Sunday.   By Monday, over 5,000 people had been moved to evacuation centers and more than 400 homes had been damaged, the center said in a statement.   Navy and army troops have been deployed to rescue victims and provide food and other essentials to those affected.   Sri Lanka has been grappling with severe weather conditions since mid-May caused by heavy monsoon rains. Earlier, strong winds downed trees in many areas, killing nine people. 

US veterans get heroes' welcome in France ahead of D-Day anniversary

June 3, 2024 - 08:34
DEAUVILLE/PARIS — Crowds cheered and applauded as U.S. veterans arrived at French airports ahead of ceremonies marking the 80th anniversary of D-Day, when more than 150,000 Allied soldiers landed in Normandy to drive out Nazi Germany forces.   Many of those flying in over the weekend into Monday were older than 100, pushed on wheelchairs by relatives and aides.   "It's unreal. It's unreal. Wow," 107-year-old Reynolds Tomter said at Paris Charles-de-Gaulle airport as students waved U.S. and French flags and held up photos of the veterans.   "It feels great ... and I'm so thankful that I got the opportunity to be back out here, my son with me," said 101-year-old Bill Wall, as his son, Ray, pushed him through arrivals. "I lost some great friends. All of these people who are out there on their crosses and unmarked graves are the true heroes. It gives me a chance to pay tribute to them which they so need. It will bring back some memories of some great people," he added. After shaking hands with students, 95-year-old Dave Yoho said: "My heart is full. My heart is full."   In Deauville, Normandy, a specially chartered flight landed on Monday.   Across Normandy, where beaches and fields still bear the scars of the fighting that erupted on June 6, 1944 and the weeks that followed, preparations were in full gear for official ceremonies. World leaders from U.S. President Joe Biden to German Chancellor Olaf Scholz will attend.   Already, at the weekend, in Vierville-sur-Mer, a town just above Omaha Beach - one of the sectors where U.S. soldiers landed - a re-enactment camp was set up, giving visitors a chance to see what equipment the soldiers were using.   People took rides in World War Two jeeps and armored vehicles.   "It's always very intense when we meet veterans, because they always have many stories to tell, and you still feel the emotion," said Julie Boisard, who lives in Normandy and took part in the re-enactment.   A handful of serving members of the Virginia National Guard 29th Infantry Division gazed out over the beach their elders stormed 80 years earlier.   "It's historic, it's memorable ... and it's very emotional as well," said U.S. serviceman Esaw Lee. "Those guys were so courageous and so mythical. They were legendary."   With war raging on Europe's borders in 2024, this anniversary's D-Day ceremony will carry special resonance.   Ukrainian President Volodymyr Zelenskiy will be among the guests. Russia, which launched a full-scale invasion of Ukraine in 2022, touching off Europe's biggest armed conflict since World War Two, was not invited to the D-Day events.   The commemorations "remind us that we were occupied for four years and were liberated by the Americans," said Marie-Therese Legallois, who was seven at the time of D-Day, and remembers it vividly.   "But I always have a bit of sadness to see that the war continues, in Ukraine or elsewhere."

VOA Newscasts

June 3, 2024 - 08:00
Give us 5 minutes, and we'll give you the world. Around the clock, Voice of America keeps you in touch with the latest news. We bring you reports from our correspondents and interviews with newsmakers from across the world.

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee 

June 3, 2024 - 07:39
New York — The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans' budgets. The median pay package for CEOs rose to $16.3 million, up 12.6%, according to data analyzed for The Associated Press by Equilar. Meanwhile, wages and benefits netted by private-sector workers rose 4.1% through 2023. At half the companies in this year’s pay survey, it would take the worker at the middle of the company’s pay scale almost 200 years to make what their CEO did. CEOs got rewarded as the economy showed remarkable resilience, underpinning strong profits and boosting stock prices. After navigating the pandemic, companies faced challenges from persistent inflation and higher interest rates. About two dozen CEOs in the AP's annual survey received a pay bump of 50% or more. “In this post-pandemic market, the desire is for boards to reward and retain CEOs when they feel like they have a good leader in place,” said Kelly Malafis, founding partner of Compensation Advisory Partners in New York. “That all combined kind of leads to increased compensation.” But Sarah Anderson, who directs the Global Economy Project at the progressive Institute for Policy Studies, believes the gap in earnings between top executives and workers plays into the overall dissatisfaction among Americans about the economy. “Most of the focus here is on inflation, which people are really feeling, but they’re feeling the pain of inflation more because they’re not seeing their wages go up enough," she said. Many companies have heeded calls from shareholders to tie CEO compensation more closely to performance. As a result, a large proportion of pay packages consist of stock awards, which the CEO often can’t cash in for years, if at all, unless the company meets certain targets, typically a higher stock price or market value or improved operating profits. The median stock award rose almost 11% last year compared to a 2.7% increase in bonuses. The AP’s CEO compensation study included pay data for 341 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their companies, which filed proxy statements between Jan. 1 and April 30. Top earners Hock Tan, the CEO of Broadcom Inc., topped the AP survey with a pay package valued at about $162 million. Broadcom granted Tan stock awards valued at $160.5 million on Oct. 31, 2022, for the company's 2023 fiscal year. Tan was given the opportunity to earn up to 1 million shares starting in fiscal 2025, according to a securities filing, provided that Broadcom’s stock meets certain targets – and he remains CEO for five years. At the time of the award, Broadcom’s stock was trading at $470. Tan would receive portions of the stock awards if the stock hit $825 and $950 and the the full award if the average closing price is at or above $1,125 for 20 consecutive days between October 2025 and October 2027. The targets seemed ambitious when set, but the stock has skyrocketed since, and reached an all-time closing high of $1,436.17 on May 28. Like rival Nvidia Inc., Broadcom is riding the current artificial intelligence frenzy among tech companies. Its chips are used by businesses and public entities ranging from major banks, retailers, telecom operators and government bodies. In granting the stock award, Broadcom noted that under Tan its market value has increased from $3.8 billion in 2009 to $645 billion (as of May 23) and that its total shareholder return during that time easily surpassed that of the S&P 500. It also said Tan will not receive additional stock awards during the remainder of the five-year period. Other CEOs at the top of AP's survey are William Lansing of Fair Isaac Corp, ($66.3 million); Tim Cook of Apple Inc. ($63.2 million); Hamid Moghadam of Prologis Inc. ($50.9 million); and Ted Sarandos, co-CEO of Netflix ($49.8 million). At Apple, Cook’s compensation represented a 36% decline from the year prior. Cook requested a pay cut for 2023, in response to the vote at Apple’s 2022 annual meeting, where just 64% of shareholders approved of his pay package. The survey's methodology excluded CEOs such as Nikesh Arora at Palo Alto Networks ($151.4 million) and Christopher Winfrey at Charter Communications ($89 million). Although securities filings show Elon Musk received no compensation as CEO of Tesla Inc., his pay is currently front and center at the electric car company. Musk is asking shareholders to restore a pay package that was struck down by a judge in Delaware, who said the approval process for the package was “deeply flawed.” The compensation, mostly stock awards valued at $2.3 billion when granted in 2018, is now estimated to be worth around $45 billion. CEO pay vs workers Workers across the country have been winning higher pay since the pandemic, with wages and benefits for private-sector employees rising 4.1% in 2023 after a 5.1% increase in 2022, according to the Labor Department. Even with those gains, the gap between the person in the corner office and everyone else keeps getting wider. Half the CEOs in this year’s pay survey made at least 196 times what their median employee earned. That’s up from 185 times in last year’s survey. The gap is particularly wide at companies where employees typically earn lower wages, such as retailers. At Ross Stores, for example, the company says its employee at the very middle of the pay scale was a part-time retail store associate who made $8,618. It would take 2,100 years earning that much to equal CEO Barbara Rentler’s compensation from 2023, valued at $18.1 million. A year earlier, it would have taken the median worker 1,137 years to match the CEO’s pay. Corporate boards often feel pressure to keep upping the pay for well-performing CEOs out of fear that they’ll walk out the door and make more at a rival. They focus on paying compensation that is competitive within their industry or marketplace and not on the pay ratio, Malafis said. The better an executive performs, the more the board is willing to pay. The disparity between what the chief executive makes and the workers earn wasn't always so wide. After World War II and up until the 1980s, CEOs of large publicly traded companies made about 40 to 50 times the average worker’s pay, said Brandon Rees, deputy director of corporations and capital markets for the AFL-CIO, which runs an Executive Paywatch website that tracks CEO pay. “The [current] pay ratio signals a sort of a winner take all culture, that companies are treating their CEOs as, you know, as superstars as opposed to, team players,” Rees said. Say on pay Despite the criticism, shareholders tend to give overwhelming support to pay packages for company leaders. From 2019 to 2023, companies typically received just under 90% of the vote for their executive compensation plans, according to data from Equilar. Shareholders do, however, occasionally reject a compensation plan, although the votes are non-binding. In 2023, shareholders at 13 companies in the S&P 500 gave the executive pay packages less than 50% support. After its investors gave another resounding thumbs down to the pay packages for its top executives, Netflix met with many of its biggest shareholders last year to discuss their concerns. It also talked with major proxy-advisory firms, which are influential because they recommend how investors should vote at companies’ annual meetings. Following the talks, Netflix announced several changes to redesign its pay policies. For one, it eliminated executives’ option to allocate their compensation between cash and options. It will no longer give out stock options, which can give executives a payday as long as the stock price stays above a certain level. Instead, the company will give restricted stock that executives can profit from only after a certain amount of time or after certain performance measures are met. The changes will take effect in 2024. For last year, co-CEO Ted Sarandos received options valued at $28.3 million and a cash bonus of $16.5 million. Co-CEO Greg Peters received options valued at $22.7 million and a cash bonus of $13.9 million. Anderson, of the Institute for Policy Studies, said Say on Pay votes are important because they “shine a spotlight on some of the most egregious cases of executive access, and it can lead to negotiations over pay and other issues that shareholders might want to raise with corporate leadership.” “But I think the impact, certainly on the overall size of CEO packages has not had much effect in some cases,” she said. Female CEOs More women made the AP survey than in previous years, but their numbers in the corner office are still minuscule compared to their male counterparts. Of the 342 CEOs included in Equilar’s data, 25 were women. Lisa Su, CEO and chair of the board of chip maker Advanced Micro Devices, was the highest paid female CEO in the AP survey for the fifth year in a row in fiscal 2023, bringing in compensation valued at $30.3 million — flat with her compensation package in 2022. Her overall rank rose to 21 from 25. The other top paid female CEOs include Mary Barra of automaker General Motors ($27.8 million); Jane Fraser of banking giant Citigroup ($25.5 million); Kathy Warden of aerospace and defense company Northrop Grumman Corp. ($23.5 million); and Carol Tome of package deliverer UPS Inc. ($23.4 million). The median pay package for female CEOs rose 21% to $17.6 million. That’s better than the men fared: Their median pay package rose 12.2% to $16.3 million.

Jury selection beginning in federal gun case against President Joe Biden's son Hunter

June 3, 2024 - 07:24
WILMINGTON, Del. — Jury selection is to begin Monday in a federal gun case against President Joe Biden's son Hunter after the collapse of a deal with prosecutors that would have avoided the spectacle of a trial so close to the 2024 election. Hunter Biden, who spent the weekend with his father, has been charged in Delaware with three felonies stemming from a 2018 firearm purchase when he was, according to his memoir, in the throes of a crack addiction. He has been accused of lying to a federally licensed gun dealer, making a false claim on the application used to screen firearms applicants when he said he was not a drug user, and illegally having the gun for 11 days. He has pleaded not guilty and has argued he's being unfairly targeted by the Justice Department, after Republicans decried the now-defunct deal as special treatment for the Democratic president's son.  The trial comes just days after Donald Trump, Republicans' presumptive 2024 presidential nominee, was convicted of 34 felonies in New York City. A jury found the former president guilty of a scheme to cover up a hush money payment to a porn actor to fend off damage to his 2016 presidential campaign. The two criminal cases are unrelated, but their proximity underscores how the criminal courtroom has taken center stage during the 2024 campaign.  Hunter Biden is also facing a separate trial in California in September on charges of failing to pay $1.4 million in taxes. Both cases were to have been resolved through a deal with prosecutors last July, the culmination of a yearslong investigation into his business dealings.  But Judge Maryellen Noreika questioned some unusual aspects of the deal, which included a proposed guilty plea to misdemeanor offenses to resolve the tax crimes and a diversion agreement on the gun charge, which meant as long as he stayed out of trouble for two years the case would be dismissed. The lawyers squabbled over the agreement, could not come to a resolution, and the deal fell apart. Attorney General Merrick Garland then appointed the top investigator as a special counsel in August, and a month later Hunter Biden was indicted.  This trial isn't about Hunter Biden's foreign business affairs — which Republicans have seized on without evidence to try to paint the Biden family as corrupt. But it will excavate some of Hunter Biden's darkest moments and put them on display.  The president's allies are worried about the toll the trial may take on the elder Biden, who's long been concerned about the well-being and sobriety of his only living son and who must now watch as those painful past mistakes are publicly scrutinized. He's also protective: Hunter Biden was with his father all weekend before the case began, biking with his dad and attending church together.  President Biden, in a last-minute switch in plans, shifted from his Rehoboth Beach home back to his Wilmington compound on Sunday evening. Boarding a helicopter on Sunday was the only time the president was seen publicly without his son all weekend.  Allies are also worried the trial could become a distraction as the president tries to campaign under anemic poll numbers and as he is preparing for an upcoming presidential debate while the proceedings play out.  Prosecutors are hoping to show Hunter Biden was in the throes of addiction when he bought the gun and therefore lied on the forms. They have said they're planning to use as evidence his published memoir, and they may also introduce contents from a laptop that he left at a Delaware repair shop and never retrieved. The contents made their way to Republicans in 2020 and were publicly leaked, revealing embarrassing and personal photos in which he's often nude and doing drugs and messages in which he asks dealers about scores.  The judge will ask a group of prospective jurors a series of questions to determine whether they can serve impartially on the jury, including whether they have donated to political campaigns or run for political office. She will ask whether their views about the 2024 presidential campaign prevent them from being impartial.  She's also going to ask whether prospective jurors believe Hunter Biden is being prosecuted because his father is the president. Also, she'll ask about firearms purchasing and addiction issues, including: "Do you believe someone who is addicted to drugs should not be charged with a crime?"  The case against Hunter Biden stems from a period when, by his own public admission, he was addicted to crack. His descent into drugs and alcohol followed the 2015 death of his brother, Beau Biden, from cancer. He bought and owned a gun for 11 days in October 2018 and indicated on the gun purchase form that he was not using drugs.  Hunter Biden has pleaded not guilty in both cases, and his attorneys have suggested they may argue he didn't see himself as an addict when prosecutors say he checked "no" to the question on the form. They'll also attack the credibility of the gun store owner.  Prosecutors, meanwhile, are also planning to call as witnesses Hunter Biden's ex-wife and his brother's widow, Hallie, with whom he became romantically involved.  If he were to be convicted, he could face up to 25 years in prison, though first-time offenders do not get anywhere near the maximum and it's unclear whether the judge would give him time behind bars.

Nigeria unions begin indefinite strike as economic crisis bites 

June 3, 2024 - 07:15
Abuja, Nigeria — Nigerian unions began an indefinite strike on Monday, closing schools and public offices, impacting airports and shutting down the national power grid after talks with the government failed to agree a new minimum wage. The worst cost-of-living crisis in a generation in Africa's most populous country has left many Nigerians struggling to afford food. The main Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) urged workers to down tools after the government refused to increase its minimum wage offer beyond 60,000 naira ($45) per month, according to local media. "Nigeria workers stay at home. Yes! To a living wage. No! To a starvation wage!" the unions said in a joint statement. Since coming to office a year ago, President Bola Ahmed Tinubu has ended a fuel subsidy and currency controls, leading to a tripling of gas prices and a spike in living costs as the naira has slid against the dollar. Tinubu has called for patience to allow the reforms to take effect, saying they will help attract foreign investment, but the measures have hit Nigerians hard. 'No work now' Government buildings, gas stations and courts in the capital Abuja were closed, AFP journalists saw, while the doors to the city's airport were also shut and long queues formed outside. A source close to the Federal Airports Authority of Nigeria (FAAN) said domestic flights had been cancelled and the airport would be shut to all flights on Tuesday. AFP has contacted FAAN for comment. The unions are also protesting an electricity tariff hike. The labor union at the Transmission Company of Nigeria said it had shut down the national grid overnight. Blackouts were reported across the country. Security was stepped up with an increased presence of soldiers on the streets of Abuja. Outside the Federal Secretariat, which houses several ministries, picketing union members urged workers to return home. "Stay at home and stay safe. We don't want to embarrass you. No work now," they called. In Lagos, an AFP journalist saw the industrial court was padlocked shut and children walked back home after finding their schools were closed. In the northern city of Kano, government offices were shut and public schools closed. Children in one neighborhood chanted: "No school, it's a free day!" The unions said in a statement on Friday: "Nigerian workers, who are the backbone of our nation's economy, deserve fair and decent wages that reflect the current economic realities." AFP has contacted the government for comment. Thousands of Nigerians rallied against soaring living costs in February, though previous strikes have had limited effect.

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