US company results season – New York Report

first_img whatsapp Express KCS Show Comments ▼ US company results season – New York Report whatsapp WITH earnings season underway, Wall Street is putting macroeconomic policy and the US Federal Reserve on the back burner in favour of a focus on individual company results and forecasts for a pulse on the economy’s health.Several big banks, including JP Morgan Chase and Bank of America, are due to report first-quarter earnings this week, providing an expected bright spot in an otherwise gloomy quarter.Investors will also be watching firms such as Netflix, General Electric  and Schlumberger, to see if corporate America more broadly outperforms the negative forecasts analysts have set for it.Energy companies will likely be hit by a dramatic drop in oil prices since last June. In addition, a strong US dollar is expected to eat into the earnings of companies with international exposure as they convert their profits back into dollars. center_img Share Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapDoes ‘In the Heights’ Have a Post-Credits Scene?The WrapAzealia Banks Blasts Candace Owens’ Juneteenth Diss With Callback toThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap Sunday 12 April 2015 11:04 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search Adszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Tags: NULLlast_img read more

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Pharmalot, Pharmalittle: Glaxo may have to boost pay for its next CEO

first_img Alex Hogan/STAT By Ed Silverman April 20, 2016 Reprints PharmalotPharmalot, Pharmalittle: Glaxo may have to boost pay for its next CEO @Pharmalot Hello, everyone, and welcome to the middle of the week. You made it this far, so why not continue, yes? After all, consider the alternatives. While you ponder the notion, you may also want to join us for a deserved cup of stimulation. Remember, no prescription is required. Meanwhile, we have assembled a few items of interest. Hope you conquer the world today and do keep us in mind when you run across something fascinating …GlaxoSmithKline may have to boost pay for its next chief executive, Bloomberg News posits. Andrew Witty, who leaves next March, earned $9.6 million last year, which is half what Pfizer chief executive officer Ian Read made. The Glaxo board is exploring a performance-based bonus of up to nine times base salary to be paid the new chief executive in his or her first year.The Medicare Payment Advisory Commission wants to blunt rapid increases in prescription drug costs by cutting some Medicare payments to insurers and also shield older Americans from higher out-of-pocket expenses, the New York Times reports. The idea is to create new incentives for insurers to manage beneficiary use of medicines and negotiate larger price discounts with drug makers.advertisement Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. About the Author Reprintscenter_img Boehringer Ingelheim and Eli Lilly are planning two outcome trials to track how their Jardiance diabetes drug will do in chronic heart failure patients with and without type 2 diabetes, Pharma Times says.The US Food and Drug Administration issued a Form 483 to Alembic Pharmaceuticals after finding problems during an inspection of a facility, according to InPharma Technologist.A big clinical trial has begun in Scotland to investigate preventative use of metformin for thwarting type 1 diabetes in children, Pharma Times tells us.The Delaware Supreme Court upheld the dismissal of a 12-year-old class action lawsuit that accused AstraZeneca of consumer fraud in connection with its Nexium heartburn drug, the Delaware Law Weekly writes. [email protected] Ed Silverman Express Scripts accused Anthem of negotiating their contract in bad faith and wants a court order that the health insurer has no right to demand lower drug prices, Reuters writes. The allegations were made in response to a lawsuit Anthem recently filed against Express Scripts in hopes of receiving $13 billion in price cuts over the remaining four years of a 10-year pharmacy benefits management contract.The Tufts Health Plan lifted restrictions on covering hepatitis C medications and will now pay for the drugs regardless of the severity of patient livers, the Boston Globe reports. The move comes amid increased pressure on insurers to lift coverage restrictions. Last week, for instance, the New York attorney general filed a lawsuit against one insurer, and consumers in California and Washington have taken the same step.advertisement Tags drug pricesGlaxoSmithKlinehepatitis Clast_img read more

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Despite discounts for hep C drugs, coverage denials continue to rise

first_img GET STARTED Ed Silverman Despite discounts for hep C drugs, coverage denials continue to rise Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. [email protected] Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED What’s included? By Ed Silverman March 8, 2017 Reprints The hepatitis C virus. APStock Log In | Learn More center_img About the Author Reprints Tags drug pricingpharmaceuticalsSTAT+ Pharmalot After pricey new hepatitis C treatments emerged a few years ago, public and private payers restricted coverage in order to ease the financial strain on budgets. But even as more competition among drug makers has prompted discounting, payers continue to deny coverage, including to patients who suffer from the most advanced forms of the disease, according to a new analysis.As of last September, 37 percent of patients with little to moderate trace of the disease were denied coverage, a mostly steady increase from 27 percent in October 2015. Meanwhile, 24 percent of those severe forms of hepatitis C were denied, up from 15 percent during the same time period. These figures represent an overall trend that includes commercial and government payers. @Pharmalot What is it? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.last_img read more

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Kim’s Birthday No Holiday for Workers

first_img Kim’s Birthday No Holiday for Workers News North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) In an abrupt move, North Korea has called off plans to allowworkers to take a day off on leader Kim Jong Eun’sbirthday, January 8th, with most residents to instead be mobilized to fillcompost quotas.“Just until last week, everyone thought wewere getting the day off on the Marshal’s birthday, butyesterday, we were told that wouldn’t be the case” a source in Yangkang Province told the Daily NK on Monday. Thismakes it likely that workers at factories and homemakers alike will be out collectingmanure from as many sources as they can on the 8th. Each year in January, Pyongyang mobilizesthe entire nation to procure substantial volumes of manure. For instance, in thecase of the Chosun Democratic Women’s Union members, each individual is under strict orders to meet a 1.6 ton quota by the end of March–failure to do so leaves one susceptible to harsh political judgement. On the ground, the state’s abrupt change of orders has fueled two main theories to circulateamong residents looking to explain the shift.Some believe it is part of Kim Jong Eun’s move to avoid further public celebrations in his honor until he has additional achievements bolstering his leadership. “Although thethree years of mourning for the General [Kim Jong Il] may be over, it does seemto be too soon to declare the day as a national holiday,” the source said. “According to rumors, theMarshal said ‘it’s not anational holiday so don’t stir up the atmosphere likeit is.”However, a different source in NorthHamkyung Province disagreed with these speculations, asserting instead that workers lost their holiday because of excessive competitionamong Party cadres focused on proving their loyalty to the leader and the Party.“I don’t think the Marshal actually said anything, rather it’s the centralParty cadres driving people out to take part in this ‘compostbattle,’ vowing to attain goals laid out in the[Marshal’s] New Year’s address,” she said. “Because the Marshalmade numerous references during his address to economic issues, Party cadresare already engaged in heated competition.” Meanwhile, aside from some snacks–rumored to be of better quality than last year due to directives to raise factory standards — being handed out to children around the country as gifts, the dayof Kim Jong Eun’s birthday is expected to go by with nomajor events unfolding. A 2015 North Korean calendar published by the ChosunPublication Export-Import Company, acquired by the Daily NK, leaves the dayunmarked. Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] Facebook Twitter SHARE There are signs that North Korea is running into serious difficulties with its corn harvest center_img News News By Kang Mi Jin – 2015.01.06 9:42pm NewsEconomy RELATED ARTICLESMORE FROM AUTHOR US dollar and Chinese reminbi plummet against North Korean won once againlast_img read more

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Fiera Capital CEO honoured

first_img FP Canada names Lifetime Achievement Award recipient Share this article and your comments with peers on social media Facebook LinkedIn Twitter Frank Ryan wins 2020 Distinguished New Advisor Award Joseph Bakish named 2020 winner of IIAC Top Under 40 award Jean-Guy Desjardins, chairman of the board and CEO of Fiera Capital Corp. (TSX: FSZ), has been honored with the Award for Professional Excellence, the highest and most prestigious distinction bestowed by the CFA Institute. He joins past winners Warren Buffett, John Bogle, Sir John Marks Templeton, Peter Bernstein and only nine others to win the award in the past 24 years. center_img “I am deeply honored to receive this recognition from the CFA Institute, and to join such a remarkable group of recipients,” said Desjardins. “The credit goes above all to my team, whose hard work and innovation make Fiera Capital an investment leader and a benchmark in the asset management industry,” Desjardins said. Desjardins, who has held the Chartered Financial Analyst (CFA) designation since 1990, is receiving this distinction thanks to the lasting mark he has made and continues to make for the investment profession. He is the first Quebecer and the second Canadian to be selected for this prestigious award. Desjardins began his career as a financial analyst and portfolio manager. He co-founded TAL Global Asset Management in Montreal in 1972 and was its principal shareholder until it was purchased by a leading global financial institution in 2001. In 2003, he acquired 70% of Elantis Investment Management’s assets under management and recruited most of its key professionals to create Fiera Capital. Desjardins sat on the Bank of Canada’s board of directors from 2003 to 2008, including as lead director. He also acted as chairman of the special committee for the recruitment of the previous Governor of the Bank of Canada, Mark Carney, who is now Governor of the Bank of England. Following over 10 acquisitions in 10 years, from a team of 50 to more than 450, today Fiera Capital is a leading Canadian independent portfolio manager boasting $91 billion in assets under management. Desjardins will receive the Award for Professional Excellence at a CFA Society Montreal event on June 11, 2015. CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. Related news Keywords AwardsCompanies CFA Institute, Fiera Capital Corp. IE Staff last_img read more

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Parenting Workshop Held in Manchester

first_imgRelatedParenting Workshop Held in Manchester RelatedParenting Workshop Held in Manchester Parenting Workshop Held in Manchester UncategorizedJune 16, 2008 RelatedParenting Workshop Held in Manchestercenter_img Advertisements FacebookTwitterWhatsAppEmail Parents in and around the parish of Manchester on Wednesday (June 11) benefited from a workshop put on by the Mandeville division of the Mico Care Centre.The workshop was part of a regular forum by the Centre to improve the child rearing skills of parents and caregivers. Participants were exposed to expert views on behavior management, the role of parents under the Child Care and Protection Act, and general parenting skills.Head of the Mico Care Centre, Maxine Anderson, told JIS News that the workshops arouse from a need “to educate parents on how to be good parents.”She noted that “at the Mico Care Centre, we do get a lot of children, and sometimes the parents are very young, and they do not know what to do with them (children). We meet with them (parents) in small and large settings, and at other times we do it on a one-on-one basis, and we have seen the positive results on the children whose parents take our advice into practice.”Child Development Officer at the Child Development Agency (CDA), Donna Fuller, encouraged the attendees to be creative in their parenting methods.“Everything we do as adults to teach our children to make good decisions requires thought, planning and patience. As parents, we need to know when to make adjustments in how we practice parenting. When we are using old methods to get a child to hear and he is not hearing, we need to stop and ask if the beating, yelling and cursing that once clicked with the child are effective at a certain stage of their life. Find creative ways to have your child listen and reason with you, because change from deviancy is possible in every child,” Ms. Fuller stated.last_img read more

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CU Researchers Generate New Laser-Like Light Beam

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail A team of researchers at the University of Colorado at Boulder has generated a laser-like light beam at super-short wavelengths that could make it possible to peer into single cells and to produce computer chips with features more than 1,000 times finer than the thickness of a human hair. The device, which is small enough to fit on a dining room table, generates coherent light in the extreme ultraviolet, or EUV, region of the spectrum also called the “soft” x-ray region. A tabletop soft x-ray laser could prove to be a major development to further research in nanotechnology, according to the researchers. “This new technology could be used in the future to make equipment to produce the next generation of computer microchips, or microscopes that could produce images of cells at extremely high resolution,” said lead author Randy Bartels, a professional research assistant at JILA, a joint institute of CU-Boulder and the National Institute of Standards and Technology. Bartels completed the work in the lab of CU-Boulder professors Margaret Murnane and Henry Kapteyn. A paper on the subject by Bartels, Kapteyn, Murnane, Ariel Paul and Sterling Backus of JILA appears in the July 19 issue of the journal Science. Ivan Christov of Sofia University, Yanwei Liu and David Attwood of the University of California at Berkeley and the Lawrence Berkeley National Laboratory, and Chris Jacobsen of State University of New York at Stony Brook also contributed to the paper. “This ability to make fully coherent light in a new region of the spectrum makes it possible to apply laser techniques to a variety of new types of experimental investigation,” said Kapteyn, a CU-Boulder physics professor and member of the research team. For example, the researchers made several holograms, or high-resolution 3-D images, using the laser. Previously, the generation of fully coherent light has been for the most part limited to visible and longer wavelength regions of the spectrum, according to Kapteyn. While other more complex devices can be made to generate higher power light in the EUV, and electron microscopes can already view ultrasmall structures, this technology combines short pulses with the ability to obtain an ultratight focus. This combination of qualities will make possible new studies of the dynamics of chemical reactions, he said. The research was supported by the National Science Foundation and the Department of Energy. The physics department is part of CU-Boulder’s College of Arts and Sciences. Published: July 17, 2002 last_img read more

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Afternoon Brief, June 21

first_imgHome Afternoon Brief Afternoon Brief, June 21Afternoon BriefAfternoon Brief, June 21By Editor – June 21, 2016 29 0 Linkedin Twitter TAGSAmorimCaliforniaChris KiranbayCool Climate Wine SymposiumEarly Mountain VineyardsH&A Barrel ManagementJustin VineyardsMarika Vida-ArnoldMichael MondaviMitroff Consulting & AssociatesNapaNegociantsNew YorkPaso RoblesSanta BarbraSausalitoSheehan Family CompaniesSouth AfricaSpainWineDirect Share Subscribe to the Afternoon BriefAdvertisement Email Subscribe to the Afternoon Briefcenter_img Trending Story:How Vivino Plans to Become the Amazon of WineOne day about seven years ago, Danish entrepreneur Heini Zachariassen found himself standing in front of an enormous wine shelf at his local supermarket and feeling, as he recalls, “stupid”…Today’s News:Exhibitor Booths Sold Out for 2016 North Coast Wine Industry ExpoExhibit space for the 5th Annual North Coast Wine Industry Expo, produced by Wine Industry Network has officially sold out…Trial Plantation to Slash Cork Growing TimesThe cork used for making stoppers comes from the bark of the cork oak, Quercus suber, and currently can’t be harvested until 34 years after the tree has been planted…California’s Affordable Cult WinesFor some time now, California’s wine industry has been thoroughly lambasted for not offerings its fan base an affordable middle ground…Study Finds Drinking Alcohol Associated with Heart-Rhythm DisorderDraw on Data for Efficient Wine SalesSanta Barbara… Cabernet? New AVAs Fuel Bordeaux VarietiesNew York Beverage Credits to Include Wine, Hard CiderHow New York’s Looser Sunday Alcohol Laws Will Help Finger Lakes WineriesWhy Would Constellation Brands Inc. Say Good-Bye to a Market Leading Business?Oak Tree Removal Triggers Controversy in Paso Robles Wine CountrySouth African Chenin Blanc Shows Tremendous Promise for Wine IndustryBlight Threatens to Devastate Spain’s Sherry Grape HarvestBreaking Down the Masters of Wine Stage 1 Tasting ExamLearning from Beer and Wine in Selling MarijuanaBlogs:Has Pinot Noir Peaked?Chequebook Wine Reviews Leave a Bad TasteThe Hottest Things About Being Cool: Highlights from the 9th International Cool Climate Wine SymposiumA Comment on Marketing, After Receiving the Latest Bordeaux Hype from a Press ReleaseIs It Time to End the Champagne Boycott?WineIndustry.Jobs:2016 Harvest InternEarly Mountain Vineyards – Madison, VA, United StatesAccount ManagerH&A Barrel Management – St Helena, CA, United StatesNational Account ManagerNegociants USA – Napa, CA, United StatesMore Wine Industry Jobs…Feature Your Job Listing in the Afternoon BriefPeople:Q&A: Cultivating a Vintage Life with Michael MondaviNapa Valley Winemaker Had over Two Times the Legal Limit in Fatal CrashMeet Wine Saint Chris KiranbayMitroff Consulting Completes Wine Creek, LLC DTC Sales & Marketing Manager SearchMarika Vida-Arnold: Tipping the Gender ScaleSupplier News:Vintage Nurseries Hosts “Growers First Day” EventSheehan Family Companies Selects HIMPACT from Herlitz IM for Daily Forecasting and AnalyticsSonoma MBA Program for Executives Public Information Session June 25WineDirect Expands Operations to Santa Barbara CountyMore Supplier News …Vineyard & Winery:The Donum Estate Announces the Debut of Wine Labels Designed by Ai WeiweiHALL Unveils Its Platinum CollectionLieb Cellars Branches Out on Long Island“Abstract Views” – A Perfect Pairing of Art, Music & Wine at Madrigal’s Sausalito Tasting GalleryBlack Founders of Healdsburg’s Esterlina Vineyards Accuse Bank of Discriminatory Lending Pinterest Advertisement ReddIt Facebook Previous articleSouth African Chenin Blanc Shows Tremendous Promise for Wine IndustryNext articleIs Your Story Being Told Accurately? Editorlast_img read more

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Task force begins examining use of IOTA funding

first_img Nov 14, 2019 By Gary Blankenship Senior Editor Top Stories Task force begins examining use of IOTA funding Setting its initial focus on “the need for funding direct legal services for low-income litigants,” a Supreme Court task force has begun its review of how IOTA funds are used in Florida.The Task Force on Distribution of IOTA Funds met November 11 and former Bar President and Chair Mayanne Downs laid out a tentative meeting schedule and work assignments. The work schedule, she said, follows item for item the court’s October administrative order creating the task force.In that order, the court instructed the task force to recommend “alternative models for the distribution of IOTA funds; whether specific priorities should be established for the use of available IOTA funds; whether specific requirements or limitations should be imposed on the use of IOTA funds; whether reporting requirements regarding the distribution and use of IOTA funds should be adopted; and any other matters related to ensuring the most effective use of IOTA funds. In conducting its work, the Task Force shall give priority consideration to the need for funding direct legal services for low-income litigants in Florida.”IOTA funds are funneled through The Florida Bar Foundation, which since the IOTA program was approved in 1981 has distributed more than half a billion dollars for legal aid services and related programs. Under Bar Rule 5-1.1(g), IOTA funds are to be “used to fund programs which are designed to improve the administration of justice or to expand the delivery of legal services to the poor.”“It is wonderfully short and very much to the point,” Downs said of the administrative order. “I’m taking . . . each sentence fraction, which represents a direction or charge to us, and dividing it up over time. . . . Throughout this process, we’re going to welcome [public] participation, particularly at our two in-person meetings.. . .“This is an order from the Supreme Court. I feel very strongly it is our job to follow the order and to do nothing more than the order sets forth and nothing less, unless we’ve considered a matter and decided together as the task force that we don’t recommend any action.”On the instruction to look at funding needs for direct legal services for low income parties, after the meeting, Downs said, “I think the court wants us to focus on using those funds to provide lawyers for low-income litigants, as opposed to other kinds of invaluable and important pro bono work that does not involve lawyers providing legal services directly to indigent clients.”Downs added that information indicates less than 10% of the needs of low-income people are being met.The court’s directive, she said, includes looking at alternatives for distributing IOTA funds.“One of the things the court ordered us to consider is alternative distribution means,” Downs said. “The court took care to note that our priority should be how to most effectively deploy IOTA money.”On the future schedule, the task force did not set specific times, other than plans for a monthly meeting. The task force plans to meet:• In January by telephone to look at “the need for funding direct legal services” for indigents. Task force members Karen Ladis, executive director of Dade Legal Aid, and Third District Court of Appeal Judge Ed Scales will work on that subject.• February 6 in person at the Bar’s Winter Meeting in Orlando to examine “whether specific priorities should be established” for disbursing IOTA funds. Downs and task force member and Bar President John Stewart will report on that topic.• In March by telephone to look at “whether specific requirements or limitations should be imposed on the use of IOTA funds.” Scales and task force and Board of Governors member Laird Lile will work on that issue.• In April by telephone and where task force members Scott Thomas and Hala Sandridge, president of The Florida Bar Foundation, will report on alternative models for distributing IOTA funds.• In May by telephone where Lile and Ladis will examine reporting requirements for the use of IOTA funds.• In June at the Bar’s Annual Convention in Orlando for a public hearing on task force recommendations and to begin drafting the task force’s final report.• In July by telephone to finish drafting the report, which is due to the court by September 15.The court’s October administrative order was preceded by a May 6 letter to the Foundation from Chief Justice Charles Canady (who is also the court liaison to the task force) requesting “copies of the Foundation’s printed audited financial statements for the nine months ending March 31, 2019,” as well as a list of grants issued during those nine months and the previous two fiscal years “from unrestricted amounts including the IOTA contributions pursuant to R. Regulating Fla. Bar 5-1.1.”The Foundation provided that information later that month.The Bar has created on its website a page for the task force.last_img read more

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How Will Vote Centers Affect Santa Monica’s Democracy?

first_imgTags :AB 1520AB 1699californiacity council.democracySanta MonicaSB 212SB 450senator ben allenSystem Changevotevotingshare on Facebookshare on Twitteradd a commentSAMOREECity Hall considering full-time historic preservation positionYou Might Also LikeColumnsOpinionYour Column HereBring Back Library ServicesGuest Author14 hours agoColumnsFeaturedNewsOpinionWhat’s the Point?whats the pointGAY PRIDE MONTH IS HERE FOR ALL OF USDavid Pisarra2 days agoColumnsNewsOpinionYour Column HereYour column hereGuest Author2 days agoColumnsFeaturedNewsOpinionYour Column HereSaving Santa Monica LibrariesGuest Author3 days agoColumnsFeaturedNewsOpinionYour Column HereBusinesses need helpGuest Author6 days agoColumnsFeaturedNewsOpinionYour Column HereSaving energyGuest Author6 days ago HomeNewsCity CouncilHow Will Vote Centers Affect Santa Monica’s Democracy? May. 06, 2019 at 5:00 amCity CouncilColumnsElectionsGovernmentInside/OutsideOpinionPoliticsHow Will Vote Centers Affect Santa Monica’s Democracy?Mike Feinstein2 years agoAB 1520AB 1699californiacity council.democracySanta MonicaSB 212SB 450senator ben allenSystem Changevotevoting By Michael Feinstein. Inside/Outside. May 6, 2019How we vote in Santa Monica will be changing radically starting in 2020.Under SB 450, sponsored in 2016 by Santa Monica’s State Senator Ben Allen — and meant to increase voter turnout by making it easier to vote given the complexities of modern life — neighborhood-based, precinct voting on Election Day will be eliminated. In its place, every voter will receive a ballot in the mail that they can return by mail or cast in person at strategically located drop boxes, starting 28 days before and up through Election Day. Additionally, voters can cast their ballots in person at any of multiple Vote Centers dispersed around the county, starting ten days beforehand and running through Election Day.This is an opt-in program – Madera, Napa, Nevada, Sacramento and San Mateo counties implemented Vote Centers in 2018. Los Angeles County has opted in for 2020.  A workshop on vote center implementation will be held Tuesday, May 7 in Santa Monica at the Thelma Terry Center in Virginia Ave. Park, 6-8pm, hosted by the L.A. County Registrar-Recorder and League of Women Voters of Los Angeles. How might SB 450 impact Santa Monica?  It’s instructive to review the evolution of early voting in California.Origins of Vote By MailVoting by mail in California was first introduced in the 1860s to give the state’s Civil War soldiers the ability to participate in elections back home. Its use was relatively limited for many years afterwards, but in 1978 AB 1699 (Lehman) allowed  “no excuse” absentee voting, where voters could request an absentee ballot each election without a reason.  In 2001, the legislature approved AB 1520 (Shelley), allowing any Californian to become a permanent absentee voter. In 2007 the legislature renamed “absentee voting” “vote by mail” (VBM).With these changes, California’s VBM rate has steadily increased, topping 50% by November 2012 and reaching 65% in November 2018. In other words, the trend towards early voting in California is long underway, and Vote Centers and drop boxes will likely increase it further.Effects of Early VotingEarly voting can favor candidates with early big money to pay for expensive direct mailers to reach early voters, compared to candidates whose grassroots campaigns develop over time.  It can lower the effectiveness of door-to-door campaigning, because many voters will already have voted when reached by door-knockers. And it can limit the ability of voters, candidates and the media to respond to developing campaign issues, because once a vote is cast, it’s too late.When I was first elected to the Santa Monica City Council in November 1996, I campaigned door-to-door more than any other candidate — especially in the Pico Neighborhood. Ultimately I finished second out of 13 candidates for four seats with 13,684 votes, while the fifth place finisher had 12,129. On Election Day, I received the most votes cast at the polls. But in the VBM, the well-known fifth place finisher was second with 1,919 votes and I was seventh with 1,428. As a first-time candidate, my campaign was still developing.What if more people had voted early by mail back then? In 1996, vote-by-mail ballots made up 16.6% of votes cast for City Council in Santa Monica. By 2016 it was 42.1% and by 2018, 50.2% – an increase of 302%.Ultimately I served eight years on the City Council including two years as Mayor.  But with today’s VBM rates, perhaps I wouldn’t have been elected in the first place.  Yet on Election Day 1996 with more voters having more complete information, I was elected overwhelmingly.Local Races Forgotten It’s easy to miss this side of the equation because California uses winner-take-all, single-seat ‘top two’ elections to elect its state legislative and Congressional representatives. Such elections produce ‘us vs. them’ general election contests between only two often polarized choices, with most voters knowing where they stand early on.But local non-partisan, multi-seat municipal elections like in Santa Monica are different, where voters elect three or four seats together at a time. A voter may be clear about some but not all of their multiple choices — especially in highly competitive years when there are many top tier candidates — and be swayed by community-based candidate forums and candidates going door-to-door late in the campaign. But if the system’s incentive is to vote earlier, many voters will do so based upon lesser information – and often overlook multiple important municipal decisions in the process.Democracy HolidaysInstead of short-circuiting the campaign season and favoring early big money in politics, why not explore increasing voter turnout on Election Day first? We could make primary and general election days state Democracy Holidays, keep the polls open til 11:59pm for people who have to work on holidays, and combine precinct voting and vote centers so people can vote anywhere in the county.At the same time, we could expand the reason for people to vote. Most developed countries with higher voter turnout than the United States elect their legislatures using proportional representation elections from multi-seat districts. In these elections voters win representation in proportion to their numbers, and more voters help elect someone who truly represents their views. Therefore more voters are motivated to vote in the first place.System Change not Climate ChangeSenator Allen has been promoting pro-democracy pillars since he was first elected in 2014 – from sponsoring campaign finance reform (SB 254 placing Proposition 59 on the ballot regarding overturning the Supreme Court’s Citizens United decision); to allowing local governments to enact public financing programs for local elections (SB 1107); to permitting cities and counties to establish non-advisory independent redistricting commissions (SB 1108), all in 2016.This year Allen’s SB 212 local options bill would grant cities, counties and local education agencies the ability to choose to conduct ranked choice voting elections for local elections. Other key related legislation in recent years includes same day voter registration (AB 1436 – Feuer, 2012), pre-registration of 16-year and 17-year olds (SB113 – Jackson, 2014) and a variety of public disclosure acts promoted by the California Clean Money Campaign.All of these positive changes – along with SB 450 – are meant to get the most of our current electoral system.  But therein lies the rub – and the next opportunity.Before Allen and many other current democracy reformers were elected, the legislature placed Top Two elections on June 2010 ballot without holding public hearings, primarily in response to political extortion to obtain the final Republican vote needed to pass en eight-month late state budget, back when budget approvals required 2/3.Then a multi-million dollar corporate funded ‘yes’ campaign barely prevailed in a low turnout primary election tilted towards more conservative voters overall (compared to a general election), and where the generally more conservative VBM primary voters voted ‘yes’ and the Election Day primary voters voted ‘no’.  Then two years later, the legislature eliminated general election write-in voting without a vote of the people (AB 1413 – Fong).As a result California has perhaps the most austere version of single-seat, winner-take-all elections in the U.S., where voters are only allowed two general election choices — often very narrow ones — where smaller parties are mostly eliminated from the ballot, many voters are driven by lesser-evilism, and substantial portions of the population are unable to elect anyone who directly represents their views.Increasing turnout into this kind of system that provides limited representation for millions of Californians is missing the forest for the trees. It’s time to see our democracy as an ecosystem, where our interconnectedness is reflected by everyone having a seat at the table.This is where the state legislature needs to turn its attention next, and conduct hearings into alternatives to Top Two.Michael Feinstein is a former Santa Monica Mayor (2000-2002) and City Councilmember (1996-2004) and was a 2018 Green candidate for California Secretary of State. He can be reached via Twitter @mikefeinstein‘Inside/Outside‘ is a periodic column about civic affairs Feinstein writes for the Daily Press, that takes advantage of his experience inside and outside of government.last_img read more

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