Showing posts with label Exit. Show all posts
Showing posts with label Exit. Show all posts

Sunday, March 16, 2014

Exit polls show Crimea annexation wins 93% of vote while under Russian occupation


posted at 3:31 pm on March 16, 2014 by Ed Morrissey



Big surprise, eh? No one took this seriously before it took place, and no one will take it seriously after the votes are counted. No one, that is, except for the occupying power in Crimea that forced the referendum in the first place. Russia and its new puppet regional government on the peninsula are reported record turnout and a 93% vote for annexation to its former sovereign, while the US and West denounced the entire exercise as just a pretense for a land grab:


Supporters of Crimea’s attempt to secede from Ukraine and join Russia have flocked to vote in a referendum denounced by Kiev and Western powers.


Polls closed at 18:00 GMT and officials hailed a “record” turnout. Preliminary results were expected within hours.


A vast majority of voters interviewed by journalists backed secession. Many opponents boycotted the vote.



The White House has officially rejected the results and the referendum itself, saying it occurred under duress:


The White House says Sunday’s referendum on secession is contrary to Ukraine’s constitution.


The U.S. says the world won’t recognize the results of a vote held under what it says are “threats of violence and intimidation from a Russian military intervention that violates international law.”


A written statement from the White House calls Russia’s actions in Ukraine “dangerous and destabilizing.”


The U.S. is urging other nations to “take concrete steps to impose costs” against Russia.


Secession was expected to be approved overwhelmingly.



John McCain uses a better word than referendum, one which I have used purposefully all along:


“Look, it is a bogus thing. We used to call it plebiscite in the days of Hitler and Stalin. It is a done deal,” he said on CNN’s “State of the Union.”


McCain and the U.S. ambassador to Ukraine have a running bet on how lopsided the vote will be. McCain thinks the referendum will be approved with 70 percent of the vote. …


“The United States of America, first of all, has to have a fundamental re-assessment of our relationship with Vladimir Putin. No more reset buttons, no more tell Vladimir I’ll be more flexible,” he said.



He’s right, but it’s too late for that now. Putin has already taken his measure of the West. Expect the annexation to happen immediately — and then wait for the inevitable repeat in eastern Ukraine, too.




Hot Air



Exit polls show Crimea annexation wins 93% of vote while under Russian occupation

Tuesday, January 28, 2014

Stocks down: Fed exit rattles markets, again


Adam Shell
USA Today
January 28, 2014


Are the Federal Reserve’s fingerprints on Wall Street’s latest 911 call?


If there’s been a traceable pattern to the U.S. stock market’s biggest dips in recent years, including the latest swoon driven by turbulence in emerging markets, it is this: Sell-offs have coincided with periods when the Federal Reserve was ending or pulling back on its market-friendly stimulus programs.


Ever since the Fed began its unprecedented bond-buying program in late 2008, stocks have tended to go up when the central bank has been in the market supporting asset prices. In contrast, stocks have declined whenever the Fed has been out of the market or cutting back on its asset purchases.



Read more


This article was posted: Tuesday, January 28, 2014 at 3:32 pm










Infowars



Stocks down: Fed exit rattles markets, again

Tuesday, December 3, 2013

Britain"s special U.S. ties would survive EU exit: Republican Rubio




LONDON Tue Dec 3, 2013 12:59pm EST



U.S. Republican Senator Marco Rubio prepares to answer questions after delivering his keynote speech entitled

U.S. Republican Senator Marco Rubio prepares to answer questions after delivering his keynote speech entitled ‘American Leadership and the future of the Transatlantic Alliance’ at Chatham House in London December 3, 2013.


Credit: Reuters/Toby Melville




LONDON (Reuters) – Britain will keep its strong relationship with the United States even if it votes to leave the European Union in a planned referendum, a leading Republican senator tipped as a possible 2016 presidential contender said on Tuesday.


In a speech on Anglo-American ties in London, Marco Rubio, a first-term U.S. senator from Florida, said the United States must respect the wishes of the British electorate in any vote on its membership of the 28-nation bloc.


The comments from a politician seen as an early favorite for the Republican presidential nomination offer some support for Prime Minister David Cameron, accused by critics of risking Britain’s global standing with his pledge to hold an EU vote.


“Our alliance, our partnership and our affection for your nation will continue regardless of the road you choose,” Rubio said in a speech at the Chatham House think-tank.


The remarks contrast with an unusually strong warning from a senior member of Democratic President Barack Obama’s administration in January that Britain must avoid “turning inwards” over Europe.


Obama told Cameron in the same month that he wanted a “strong UK in a strong EU”, according to a summary of a phone call between the two released by the White House.


Cameron’s promise to renegotiate the terms of Britain’s EU membership before an in/out referendum by 2017 was welcomed by Eurosceptics in his ruling Conservative Party, who are trailing in the polls and face a threat at the 2015 election from the small UK Independence Party, which wants to leave the bloc.


But the pledge left him open to claims he had endangered Britain’s long-term interests for short-term political gains.


Deputy Prime Minister Nick Clegg, leader of the pro-EU Liberal Democrats, who share power with the Conservatives, has said the United States would not take Britain seriously if it were “isolated and irrelevant” in Europe.


Clegg said in October the “special relationship” with the United States – a notion successive British leaders have promoted since World War Two – was based partly on Britain “being valuable to our American friends”.


In a speech about the future of that relationship, Rubio said Washington needed a strong EU to help stabilize the continent and act as a global partner.


But the Cuban-American – who rose to prominence with the backing of the conservative Tea Party movement before positioning himself as an internationalist – said it was up to Britain to decide if it wanted to remain in the bloc.


“As for Britain’s role in Europe, that should be a matter for the British people to decide and for your American partners to respect whatever decision you make,” Rubio said.


(Additional reporting by Patricia Zengerle in Washington; Editing by Mark Heinrich)






Reuters: Politics



Britain"s special U.S. ties would survive EU exit: Republican Rubio

Wednesday, November 27, 2013

Incoming Time Warner Cable CEO could exit with $50 million-plus after deal

Incoming Time Warner Cable CEO could exit with $50 million-plus after deal
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/11/613c4__?m=02&d=20131127&t=2&i=815593894&w=460&fh=&fw=&ll=&pl=&r=CBRE9AQ1AV800.jpg





Wed Nov 27, 2013 2:12pm EST



The Time Warner Cable office is shown in Carlsbad, California November 5, 2012. REUTERS/Mike Blake

The Time Warner Cable office is shown in Carlsbad, California November 5, 2012.


Credit: Reuters/Mike Blake




(Reuters) – Time Warner Cable Inc, being circled by potential buyers, could pay out more than $ 50 million to incoming Chief Executive Robert Marcus as part of his contract, if the company is bought while he is CEO and he gets replaced.


Marcus, 48, is set to take over the top job at the No. 2 U.S. cable company from Glenn Britt on January 1 as takeover speculation surges.


For Marcus to receive the money upon his departure, Time Warner Cable would have to see a change in control from “an applicable merger, acquisition, sale or other agreement,” once he is CEO, according to an employment agreement outlined in a regulatory filing.


If he makes way for a new chief, Marcus would receive three times his base salary of $ 1.5 million and three times his $ 5 million annual bonus, which equals $ 19.5 million.


Marcus would also be entitled to stock options accrued over his time at the company. Based on Time Warner Cable’s closing price of $ 136.56 on Tuesday, Marcus would be able to cash out of roughly $ 37 million in stock, according to a proxy filing. That would bring Marcus’ total payout to about $ 56.5 million.


A change-in-control agreement is common in employment contracts for CEOs, according to Daniel Laddin, a partner at Compensation Advisory Partners, which consults on executive compensation. The provision is designed to provide financial security to executives so they would be open to a deal without being worried about being out of a job, he said.


“This change-in-control provision is fairly typical. What’s the unusual circumstance is to have an incoming CEO announced already, while a company is in a play,” Laddin said.


The “golden parachute” for H.J. Heinz CEO William Johnson, for example, was set at about $ 56 million in March after the ketchup maker’s acquisition by Berkshire Hathaway and 3G Capital.


In another instance, Nokia CEO Stephen Elop received an 18.8 million euro ($ 25.5 million) termination payment after he negotiated the sale of its handset business to Microsoft Corp.


Charter Communications Inc and top cable provider Comcast Corp are examining a joint bid for Time Warner Cable, according to reports. Time Warner Cable has been an acquisition target for John Malone, chairman of Liberty Media Corp, Charter’s biggest shareholder, since the summer.


Earlier this year, Liberty’s offer for the company was rejected because it was not viewed as beneficial to Time Warner Cable shareholders, Reuters has reported.


A Time Warner Cable spokesman declined to comment.


Time Warner Cable shares have increased 41 percent year to date, outpacing the S&P 500 index, largely due to the recent speculation of a takeover. This has been a major boost to Marcus’ equity and the value of his pay package.


“The big numbers are really a function of the stock price having done so well, and at the end of the day the shareholders are benefiting as well,” Compensation Advisory Partners’ Laddin said.


If the company is sold this year before Marcus becomes CEO and he leaves, he would pocket $ 10.5 million in severance, and the same $ 37 million in stock options, which totals $ 47.5 million.


Marcus was named the incoming chief in July. He was promoted to chief operating officer and president in 2010, five years after he joined the company. Marcus started his career as an attorney focused on mergers and acquisitions.


(Reporting by Liana B. Baker; Editing by Christian Plumb and Jeffrey Benkoe)






Reuters: Business News




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