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Islamic State nears defeat in last Syrian enclave George asks Nike about Zion's 'PG' shoe blowout

Islamic State nears defeat in last Syrian enclaveMore than 2,000 civilians left the village of Baghouz in a convoy of dozens of trucks. Coalition warplanes could be seen overhead and the sounds of intermittent gunbattles could be heard from the area, which is completely surrounded by the SDF. "The terrorists are entrenched inside, still betting on ending it militarily," said Mustafa Bali, head of the SDF media office.


Paul George said Thursday that he reached out to Nike to find out "what went wrong" with his PG 2.5 signature shoe that Zion Williamson was wearing when he injured his knee on Wednesday.
The Latest: Court records say 2 knew man wanted fiancee dead Jackson: 'Spoiled' NBAers lack love for the game

The Latest: Court records say 2 knew man wanted fiancee deadDENVER (AP) — The Latest on the criminal cases tied to a Colorado woman's death (all times local):


Former NBA swingman Stephen Jackson is happy that this era's players have more of a say in regard to where they want to play, but he doesn't think a lot of younger players have the same love for the game that his generation did.
Chuck Schumer and Bernie Sanders Have a Plan to Kill the Stock Market Pelicans to continue playing AD but cut minutes

Chuck Schumer and Bernie Sanders Have a Plan to Kill the Stock MarketSenators Chuck Schumer of New York and Bernie Sanders of Vermont want to penalize “self-indulgent” corporations that buy back their own stock. In a recent article in the New York Times, they argued that when companies repurchase shares, not only do the vast majority of Americans not benefit, but income inequality is exacerbated since only wealthy shareholders and corporate management profit.Despite decades of extraordinary success that the United States has enjoyed and that we enjoy today, Schumer and Sanders believe that something sinister is taking place in the corporate world. They call buybacks a form of “corporate self-indulgence.” Why? Because> corporate boardrooms have become obsessed with maximizing only shareholder earnings to the detriment of workers and the long-term strength of their companies. . . . Companies, rather than investing in ways to make their businesses more resilient or their workers more productive, have been dedicating ever larger shares of their profits to dividends and corporate repurchases.Now even some Republicans are getting on board. Florida senator Marco Rubio has suggested changes in the tax law to discourage buybacks because he says they “inflate” the prices of stock “at the expense of future productivity & job creation.”These senators don’t seem to fully understand that the purpose of a business is to allocate resources in a way that maximizes per share results over the long run. To think that this can be achieved at the expense of workers, at the expense of investing in research, at the expense of developing new and better products, at the expense of investing in equipment to both lower the cost and increase the quality of production, etc. is sophomoric. This underscores their lack of knowledge about investing and financial markets.Companies have several options with regard to the use of excess cash. They can (1) retain the funds in the company, (2) invest in the capital needed to grow the company, (3) make acquisitions, (4) pay out the excess cash in the form of dividends, or (5) repurchase shares from existing shareholders.These senators see little value in share buybacks, but they should listen to Warren Buffett, who is unequivocally a long-term investor. His financial success is a result of making exceptional long-term investments in resilient companies. Unlike Schumer and Sanders, Buffett is an enthusiastic proponent of utilizing excess cash to repurchase shares when conditions are favorable (or opportune).Here is what he said in his 1984 annual report: “The companies in which we have our largest investments are all engaged in significant share repurchases at the times when a wide discrepancy exists between price and value.” He has made this point repeatedly throughout the years. These companies repurchase shares and continue to grow, continue to invest in research, in capital that will improve the quality and lower the cost of products. He has even bought back $1 billion of shares of his own company, Berkshire Hathaway, not because he is “self-indulgent” but because he thinks the firm is undervalued.Schumer and Sanders—and in some cases they are joined by Rubio—provide two main reasons we are in a stock buyback “crisis”:> First, stock buybacks don’t benefit the vast majority of Americans.> > Second, when corporations direct resources to buy back shares on this scale, they restrain their capacity to reinvest profits more meaningfully in the company in terms of R&D, equipment, higher wages, paid medical leave, retirement benefits and worker retraining.The first point is utter nonsense. More than 100 million average Americans own stock. Americans invest in mutual funds and index funds and buy and sell stock every day. Tens of millions more have 401K plans, and most union pension funds have hundreds of billions of dollars invested in stocks.The second point is equally absurd. A corporate board of directors is elected by shareholders, the owners of the company. When a board makes the decision to repurchase shares, it is a sign of confidence in the firm’s long-term profitability. It raises share values, which obviously benefits shareholders and puts firms in better financial shape — which also benefits the employees. Essentially, Schumer and Sanders believe, and Rubio seems to believe, that they have the right to tell the owners of a corporation the best way to allocate their profits.Studies show that firms that buy back their own shares have strong long-term growth.Consider Apple. It has become the most valuable company in the world. This exceptional success was achieved because of the enormous investments they made to develop revolutionary products. Companies cannot develop revolutionary products by underpaying talented workers or without investing billions of dollars in research, factories, and equipment. Not incidentally, Apple has repurchased billions of dollars of its own stock.The hyper-competitiveness and efficiency of U.S. companies is a major reason that unemployment is at a near 50-year low. Today, no company can survive if its workers are treated poorly. Walmart, which Schumer and Sanders attacked in their article, and many other companies recently raised their wage rates substantially, starting with entry-level positions.What is most disturbing about Schumer and Sanders’s proposal is their hubris in believing that they know how every company should handle its excess cash better than the CEOs, the boards of directors, and shareholders do. That is a rather all-encompassing statement. One would be hard-pressed to find a more vivid example of what Friedrich Hayek called “the fatal conceit,” the distorted notion that one knows more than is knowable. Would Buffett invest in a company if Schumer and Sanders were in charge of allocating its resources?We doubt it. Who in their right mind would?If approved, what Schumer and Sanders propose would not only hurt U.S. companies. It would harm the entire U.S. economy and financial system. It would raise the cost of capital for companies. What they advocate would tell domestic and foreign investors that our government is interfering with how companies allocate their resources.What is the difference between going after a large company with lots of shareholders and a small company with one owner? How long before Senators Schumer and Sanders tell the tire-shop owner that he has not paid his employees enough and that therefore he has withdrawn too much of the profit as an owner distribution?Every shareholder and business owner in America should rise up in loud protest against what these senators are proposing.Thomas A. Smith is the president of the Smith Foundation and ran a successful investment company for 40 years. Stephen Moore is a senior fellow at the Heritage Foundation and an economic consultant with FreedomWorks.


New Orleans Pelicans interim general manager Danny Ferry met with disgruntled star Anthony Davis this week and informed him the team would continue playing him but planned to cut his minutes.
Every Photo From Our EV Battle Between the 2019 Chevrolet Bolt EV and 2019 Hyundai Kona Electric Report: NBA formally proposes age limit of 18

Every Photo From Our EV Battle Between the 2019 Chevrolet Bolt EV and 2019 Hyundai Kona Electric


Reducing the NBA's draft-eligible age requirement from 19 to 18 is one step closer after the league formally proposed the rule change to the players' union, USA Today reported.
Trump news: President's ally Roger Stone banned from speaking about case after Instagram post of judge Syracuse's Boeheim hits, kills man on highway

Trump news: President's ally Roger Stone banned from speaking about case after Instagram post of judgeFBI special counsel Robert Mueller could hand in his report into allegations members of the Trump campaign conspired with Russia to influence the 2016 US presidential election as early as next week, according to reports on Wednesday. As that report was hypothesised about, Donald Trump’s former confidant, the flamboyant political consultant Roger Stone, appeared in court after posting an image on Instagram appearing to threaten a US district judge overseeing his criminal trial, itself instigated by Mr Mueller’s investigation. House Democrats will meanwhile file a resolution tomorrow against Mr Trump’s controversial decision to declare a national emergency over illegal immigration from the southwestern border in order to bypass Congress and get his wall built.


Syracuse basketball coach Jim Boeheim was driving a car that hit and killed a pedestrian, police said Thursday.


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Maldives Views and Opinions
 
Why U.S. Engagement Policy Is The Correct One

Invariably, when one thinks of the efficacy of a nation’s military, the mind’s eye is drawn to the ability of that country to deliver a \"warhead onto the forehead\" of their enemies. Indeed, owing to the Pentagon’s slick packaging of the First Gulf War, modern conflict, in the American mind, became synonymous with high-tech toys, grainy videos of successful missile shots, and a quick resolution of hostilities.

Living Wages Are A Global Problem

The recent protests for an increased minimum wage are part of a larger global protest. The purpose is the same for low wage earners all over the world; increase wages to match the cost of living, and allow workers to form unions if desired and needed. The global protest has gained media attention all over the world, but critics claim that is the only accomplishment the movement will have.

Ukraine: Not What It Seems

After tense days of fighting this week, people in Ukraine are mourning the dead and celebrating the removal of President Victor Yanukovych from power. The final struggle that began on February 18, was the bloodiest endured by the protesters of Euromaidan. By February 22 the fighting was over.

In a Five to Four Decision, Voting Just Got Harder

In a five to four decision along party lines, the Supreme Court ruled on the controversial Shelby County v. Holder case. The ruling, believed by many sets the nation back decades in Civil Rights, while others see it as the fault of Congress dropping the ball on updating the act when it should have years ago.

Coup Or Civil War In Egypt

The day after new protests erupted in Egypt the military in a show of support presented an ultimatum to Mohamed Morsi and the Muslim Brotherhood-led government. Morsi was to step down from power and meet all of the demands of the Egyptian people, or face being removed by the military on Wednesday. As the ultimatum deadline draws closer in Egypt, Morsi refuses to leave, insisting that parliamentary elections are needed before he should be removed, and that he doesn't have permission from the United States to remove himself from power. Most recently he stated he will pay with his life to preserve the sanctity of the ballot box.

 

 
 
 
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