Problems at GE power unit prompt CEO shuffle, major impairment charge

first_img FacebookTwitterLinkedInEmailPrint分享Business Insider:John Flannery is out as the head of General Electric after just more than a year at the top of the company. He will be replaced as chairman and CEO by H. Lawrence Culp Jr., who served as the CEO and president of Danaher Corporation from 2000 to 2014. Culp has been a GE board member since April. GE shares are up more than 13% on the news.GE said it would take a $23 billion goodwill charge for its power business. “GE expects to take a noncash goodwill impairment charge related to the GE Power business,” a company release said. “GE Power’s current goodwill balance is approximately $23 billion and the goodwill impairment charge is likely to constitute substantially all of this balance.”In its second-quarter earnings report, the company said profit from its power business dropped 58%, but it was able to match expectations with solid earnings growth in its aviation and healthcare businesses. Flannery said he expected the power business to “remain weak through 2020.”The conglomerate also warned that it would miss its 2018 earnings guidance. In July, the company reiterated it expected to see adjusted earnings of $1 to $1.07 a share. “While GE’s businesses other than Power are generally performing consistently with previous guidance, due to weaker performance in the GE Power business, the company will fall short of previously indicated guidance for free cash flow and EPS for 2018,” the release said.More: General Electric removes John Flannery as CEO, says it will take a $23 billion charge to its power business Problems at GE power unit prompt CEO shuffle, major impairment chargelast_img read more

Cuomo’s Teachout Challenge Tossed, Stage Set for Sept. Primary

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Gov. Andrew Cuomo’s campaign struck out for the second time in successive weeks as it tried, but failed, to knock Democratic primary challenger Zephyr Teachout off the ballot, unsuccessfully arguing that she hasn’t lived in New York State long enough to run for governor.A state appellate court unanimously ruled Wednesday in favor of Teachout, who was also victorious last week when a lower court shot down Cuomo’s residency challenge.“Although Zephyr R. Teachout has resided in several different residences within the City of New York since 2009, while maintaining close connections to her childhood [home] of Vermont, that is nothing more than an ambiguity in the residency calculus,” the four-judge panel hearing the case wrote in their decision. “The burden in this proceeding is not on Teachout to establish residency, but rather, upon the petitioners to establish by clear and convincing evidence that she does not meet the residency requirements” established by the state constitution.“The Supreme Court’s determination that the petitioners failed to meet their burden of demonstrating that Teachout did not meet the constitutional residency requirements for the office of governor is warranted by the facts,” the judges added.After the ruling, Teachout’s campaign sent an email to supporters in which it called Cuomo’s lawsuit “frivolous” and highlighted several issues that Teachout has used to fire up her supporters: schools, fracking—a hot button issue that Cuomo failed to address during his first term—and what the campaign called “Cuomo’s abuse of power in Albany,” a not-so-subtle jab at the governor, whose office is facing allegations of interfering with the Moreland Commission that he tasked with investigating political corruption before he unceremoniously disbanded it in March.The stage is now set for a Sept. 9 primary between Cuomo, who is armed with a more than $30 million war chest and is still viewed favorably by a majority of New Yorkers, and Teachout, a Fordham Law School professor with a strong following among progressives but still largely unknown by many voters in the state.Teachout appears emboldened by Cuomo’s attempt to push her off the primary ballot. Her campaign was also buoyed by an endorsement from the New York State Public Employees Federation, the second-largest employee union in the state. Earlier this month she also got the nod from the Progressive Change Campaign Committee.New York Gov. Andrew Cuomo has failed to push his Democratic primary challenger Zephyr Teachout off the ballot.She’s also received a substantial amount of press, including frequent coverage in The New York Times—partly due to Cuomo’s lawsuit against her—national news outlets and in the Village Voice, the New York City alt-weekly, which featured the gubernatorial-hopeful on its cover for an article titled: “The Outsider: Zephyr Teachout Will Never Be Governor, So Why is Andrew Cuomo Worried?”Teachout isn’t all Cuomo needs to worry about, however. A Quinnipiac University poll released Wednesday which revealed that 48 percent of voters believe Cuomo is part of the state’s “corruption problem.”Those same voters, though, appear conflicted. Fifty-percent disapprove of how Cuomo has handled ethics in state government, but the same percentage of voters also find him honest and trustworthy.Despite recent efforts to improve her visibility, Teachout is still a relative unknown, according to the poll, which found that 88 percent of voters don’t know enough about her.Maurice Carroll, assistant director of the Quinnipiac University Poll, said of Teachout: she’s “about as anonymous as a candidate can be.”Teachout has repeatedly called on Cuomo to debate her, but the governor has yet to respond to her invitation.She’s not the only one proposing a debate.NY1 and Time Warner Cable News in Albany this week sent an invitation to both Cuomo and Teachout to a live debate on Sept. 2.Teachout’s campaign has already signed up.Cuomo has until Aug. 28 to RSVP.last_img read more

When democracy feels like bungee jumping

first_imgCommunity writers this week expressed hope, fear, fatigue, warning, and forgiveness—a gamut of reactions many of us felt simultaneously or cycled through hour by hour as vote counts jerked upward and Republican did their worst to reverse the will of voters. These stories reflect the Daily Kos Community’s mood and thoughts about what we can accomplish during the high-risk months before the 2021 inauguration. Four years ago, I barricaded my heart against election sorrow, and was able to resist both Blue Wave! and All Is Lost! hysterias. The media affirmation of the Biden-Harris win—and my elation over our first woman VP—allowed me to lower my barricade with joy tempered by the snarl of Republican trickery and the reality that 72 million voters still backed those monsters. Check out what the Community had to say in this week’s rescued stories and, in the poll below, tell us how you feel right now. Rescued Stories from 7PM EST Friday Nov. 6 to 7PM EST Friday Nov. 13, 2020Community Spotlight’s Rescue Rangers read every story published by Community writers. When we discover awesome work that isn’t receiving the attention it deserves, we rescue it to our group blog and publish a weekly collection—like this one—each Saturday. Rescue priorities and actions were explained in a previous edition: Community Spotlight: Rescuing your excellent stories for over 14 years. You also can find a link in Meteor Blades’ “Night Owls” series, which publishes daily between 10-11PM EST. – Advertisement – Houyhnhnm takes a reflective mood, offering a perspective that compares waiting for the perfect autumn leaf display with the perfect election outcome. “I saw all the tsunami memes on Twitter. I observed the highest turnout I’ve ever seen at my polling place. And I let my fancy run away with me.” The story, published before the media announced a Biden-Harris win, notes the disappointment of not getting everything we want. “The deplorables are still with us, as are those who always seek to make the perfect the enemy of the good.” She ends by tying the election results back to the hope for autumn leaf colors. A 16-year DK member, houyhnhnm has written 223 stories. Her profile page offers her gender, date of birth (1950), occupation (retired secondary science teacher), and DNA ancestry profile.It’s been a wild ride LordNoxie presents the fascination of a distant observer who can do little more than sign petitions. A Spanish citizen, their interest in American politics began with the 2016 election. “I have been very interested in the history of far right politics since my college years … I think it’s half morbid curiosity, half desire to understand my (and humanity’s) enemy in order to better fight it. So Donald Trump’s victory (because even then the Spanish people knew what kind of politician he would be) shocked me quite a little bit. The far right hadn’t achieved that much power in the world stage since the 1930s. I had to do something. I had to learn.” LordNoxie, who joined in 2019 and has written 4 stories, wrote that they have no American friends, but commenters to this story corrected that deficiency.- Advertisement – I will not forget, but I will open my heart to the possibility of forgivenessFishOutOfWater contemplates how to heal himself and our nation in this piece. His story begins with the massacre at Mother Emanuel A.M.E. Church: “I would not and could not have found a way to forgive the murderer of those beautiful believers who shared their love with the hateful young man who turned on them like a snake in the grass.” After whipping through examples from U.S. history, Fish observes, “Anyone who has been paying the slightest bit of attention knows exactly what the Republican Party is and who its members are.” He ends by explaining why he will embrace forgiveness. Fish, who has a Ph.D. in geochemistry, joined in 2006 and has published 775 stories. His DK profile page offers this bio: “Left USNRC nuclear waste safety research planning & management to body surf Kauai. Now living in North Carolina.”Anticipation- Advertisement – – Advertisement –center_img COMMUNITY SPOTLIGHT is dedicated to finding great writing by community members that isn’t getting the visibility it deserves.To add our rescued stories to your Stream, click on the word FOLLOW in the left panel at our main page or click on Reblogs and read them directly on the group page. You can also find a list of our rescued stories by clicking HERE or using the link in Meteor Blades’ Night Owls open thread that publishes daily between 7-9PM Pacific time.An edition of our rescue roundup publishes every Saturday at 1 PM ET (10AM PT) to the Recent Community Stories section and to the front page at 6:30PM ET (3:30PM PT). An Open Letter to the Media RE: The Lame Duck SessionDeanDemocrat speculates about hypothetical questions the media has for Joe Biden, and warns about the damage that may result from examining these hypotheticals before Biden can take any official actions. “(T)he GOP has gone off the rails. The Q-Anon Trump Expanded Universe of Conspiracy Theories segment of the nation is dangerously deranged. To save our country we need to pull the GOP back from the fringes.” DeanDemocrat lives “in the High Desert area … a VERY Red part of Southern California. The one without a single Democrat on the ballot due to the stupid top-two system we have here in California.” And they work with “crazy right-wing Romney supporters … (who in 2012) were fasting, praying, and utterly convinced that a Romney presidency was Mormon prophecy waiting to come to fruition.” DeanDem joined in January 2004 and has written 322 stories.Shouldn’t I be more excited?LuvPure claims fatigue, and delineates the reasons why they aren’t popping open champagne. “We’ve turned on the news to an endless stream of WTF stories. We’ve been bombarded with memes and ads with absolutely ZERO basis in fact … I’m exhausted. I could just scream and swear and throw things, but I’m too drained. I could just curl up in a ball and cry for my fellow man, but I’m too tired. I could rejoice and celebrate, but I’m just too damned fatigued.” LuvPur is a new member who joined and wrote their first story on Nov 8.Lessons from the Quebecois: Why Dems Need to Stay True to the Black Women who Put Joe Over the TopDavid B examines the recent election and the role of Black women, through the lens of Quebec’s past history and its votes to secede from Canada. The author asks if “we have to supplicate ourselves to the never-Trumpers in the middle, and ignore not just the demands, but the feelings and the reasons these (Black) women worked so hard to get us here.” Their answer begins by noting that, ”(w)e saw in Quebec what happens, eventually, when politicians pay only lip service to those who voted their way …” David B joined in 2008, and has written 142 stories (14 of them rescued). Their most recommended story announces in the title that David is a tax accountant.I don’t fight anymore, I watch the bees marialba’s post-election mood is described by referencing her mother’s beliefs. “When I was little, my Mom had this notion that if she watched (our favorite) the Argentinean national soccer team, they’d lose.” This year reminds her of that belief and of a TV show. “I worked very hard on this election to win us the Senate and more seats (in) the House and then… they all lost. I had been through it before, when I supported a candidate to become a State House Rep, and he lost too. I am not superstitious, but…” Marialba joined in 2013 and has written 40 stories.  This naturalized U.S. citizen from Argentina lives in Chicago, and has “a pollinator container garden in my tiny yard,” where presumably she, too, can watch bees.Was the 2020 Election a Referendum on White Supremacy?Semiller48 answers the question posed in the headline and ends with a warning. “Obviously, yes … But not completely: (N)on-trivial percentages of Black men, Latinos, and immigrants voted Republican.  For them, and for some segment of white Trump voters, something else was going on.” Semiller48 goes on to describe social aspects, such as religion and “hierarchical inequalities,” that affect how voters see themselves and how they create a consensus reality that led the U.S. to Trump. Semiller48 joined in 2016, and in their 9 stories has revealed they “used to teach history” and “grew up Jewish.”A risk manager’s view of Donnie Deathcount’s vote challenges – “asymptotic risk tolerance”Tjlord explores the consequences of operating under the premise that any risk is worth taking for the least amount of success. Tjlord describes “asymptotic risk tolerance,” where anything is on the table because what’s the worst that can happen? They apply this characteristic to the actions of the outgoing administration. Tjlord joined in 2006 and has written 353 stories. They live in Colorado Springs and have “been in financial trading risk management for over two decades.” Their profile adds that they are a “long time experienced executive in energy, green space and strategy.”Mississippi State & Ole Miss Football Players Finally Have a State Flag to Carry ProudlyCharles Jay offers the first non-election-focused story to be rescued this week, although the topic arises from the election. “Last Tuesday, just over 70% of Mississippi voters approved a new state flag to replace the old flag with its Confederate iconography.” The story tracks the joyful reactions of Black athletes at Mississippi State and the University of Mississippi. “For years, there had been a battle in Mississippi to remove the Confederate symbol from the 126-year-old state flag. The NCAA and SEC had put pressure on the state by prohibiting postseason events in Mississippi until the flag was replaced. Mississippi’s public universities repeatedly condemned the flag.” Charles, who was also rescued last week, joined in 2018 and has written 59 stories. His profile page says he’s from New York City. “During a 30-plus-year career as a writer and editor for an international news agency, I was barred from openly supporting a political candidate and posting a political opinion on social media. I’m retired and making up for lost time.”Racist Push Polling In Georgia RunoffLexie v was resting, “to recover from the stress of the election, celebrate the Biden win in Georgia (the first time my vote has counted for anything in over 24 years!!),” when a push poll fired up their energy for the Senate runoff election. The nice call center person had never heard of Marxism, so the author taught her how to pronounce it. “Then the questions took a dark turn and I realized that this was a push poll for Kelly Loeffler … there was the question that the poor girl was reading and then she stopped and said ‘Oh no, I can’t read that word’.” The net result – lexie promptly donated to Fair Fight and signed up to volunteer. They joined DK a week ago and this was their first story. The introduction to the story offers a bio: ‘I am a middle-aged, middle class, white, atheist, liberal, northern transplant who has lived for 24 years in North Georgia, in the district that just elected the Qanon-loving Marjorie Taylor Greene.”The Purple Heart Battalion. With a Movie. And a Ghost StoryRandym77 uses a history lesson, a movie summary, and a ghost story to explain why there was a military battalion made up entirely of Japanese-American volunteers, most of them from Hawai’i, after Pearl Harbor. “Japanese in Hawai’i were not put in camps, with a handful of exceptions. They were over one-third the population at the time; the economy would have crashed.” Randym joined DK in 2004 and has written 59 stories covering eclectic topics such as peak oil, politics, and climate change.Thoughts on the Biden-Harris cabinetDelib skips past election-reaction and dives into proposing Cabinet members for the Biden-Harris administration. “There are various reports floating around in the media about possible cabinet picks … I find some on the list uninspiring or too risky.” After citing three principles behind the proposed choices, Delib then names people for each agency and for White House staff, and offers rationale for their choices. “(T)here are 12 women and 12 men in the above list … 13 whites, four blacks, two Asian Americans, two Hispanics, two Indian Americans, one Native American.  Most are below the age of 50. The cabinet will look like America.” Delib joined in 2015, has written 10 stories, and lives in “a very crucial swing state.”Even the King, at the Cost of His Head, Did Not Try to Pardon HimselfTortmaster drops back nearly 400 years to two murderous heads of state held responsible for their actions and beheaded. They then examine claims made by Trump that parallel claims from those two historical figures, and how the U.S. Constitution views the absolute right to self-pardon. “Charles Stuart was brought to trial by the House of Commons, calling itself the supreme court, and it charged the sovereign with murder and treason. For days, the King was brought into court and asked to admit or deny the accusations against him. Instead of doing so, he questioned the authority of the court to judge him, a king.” Tortmaster joined in 2008 and has written 265 stories about a range of topics: politics and current events of course, but also art, science, and a personal story about freeway blogging in Myrtle Beach.The Daily Bucket – Cattle Point & ducks  OceanDiver carries readers to an election-free refuge in nature, as she has done in 659 previous stories. “With an hour to spare to catch the next ferry, we took a jaunt down to the southern tip of San Juan Island to visit Cattle Point.” She describes the island and its history through text and photos. “It was a stormy day but not actually raining at the moment. Big layers of clouds and near nightfall….a classic winter’s day on the Salish Sea.” OceanDiver joined in 2012, and lives “on an island in the Salish Sea. Passions: nature, wildlife, science, learning, diving, kayaking, sailing, floating, photography, beauty, peace, fresh air, and my family.” last_img read more

Legalizing Assisted Suicide Takes Away Mental Health Care for the Disabled

first_imgLifeNews 10 August 2016Family First Comment: “Many people don’t realize how making disability a legitimate condition for suicide jeopardizes the safety of all disabled Canadians….  This assisted-dying legislation takes away the mental health safety net for disabled Canadians.”When I was born the doctors told my parents to put me in an institution. Luckily, my parents ignored the doctor’s advice and took me home.Initially I went to a segregated school, and then argued my way into a regular school. I went on to complete an undergrad in Humanities and a Master’s in Family Therapy. I now have a successful career as a speaker. I’m married, I have two grown children, and I have a great life.In the discussion about Canada’s assisted dying legislation, many people don’t realize how making disability a legitimate condition for suicide jeopardizes the safety of all disabled Canadians.So let me try to explain.What would happen if my wife died and I became depressed and suicidal?Now if a non-disabled Canadian becomes suicidal, there is a commitment among psychiatrists and counselors to rekindle that person’s desire to live, and if necessary to protect that person from themselves.However, as a disabled Canadian, if I become suicidal it is possible and even likely that the psychiatrist will see that as a rational and informed decision.And that commitment to help me move through and beyond my suicidal state might now be seen as forcing me to live an unbearable life.And so that psychiatrist may, in fact, help me die. That terrifies me.As a disabled Canadian, I want the same commitment to suicide prevention that is afforded to non-disabled Canadians. This assisted-dying legislation takes away the mental health safety net for disabled Canadians. up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Weekend Area Basketball Scores

first_imgWeekend Area Basketball ScoresSaturday  (1-18)Boys ScoresEast Central  70     Franklin County  45Jac-Cen-Del  85     Waldron  51South Ripley  74     Switzerland County  61Milan  65     Hauser  49Greensburg  74     South Dearborn  49North Decatur  63     Lawrenceburg  61South Decatur  94     Southwestern Shelby  56Morristown  53     Rising Sun  51    Columbus Christian  46     Shawe Memorial  44    Rushville  68    New Castle  64Muncie Central  53     Connersville  49   (OT)     Jennings County  74     Bedford North Lawrence  68Girls ScoresBatesville  58    South Dearborn  46The Batesville Lady Bulldogs were 58-46 winners at South Dearborn on Saturday evening. The BHS varsity basketball team led at each quarter break, but it was close at each of the first three stops. Batesville led 13-8 at the end of the first quarter and later 25-24 at halftime. Three Batesville players scored in double figures. Carlie Werner led the way with 18 points and 11 rebounds. Ashley Nobbe finished with 12 points followed by Makayla Granger-Young with 11.Hagerstown  37     Franklin County  34     Oldenburg  43     South Ripley  41    Lawrenceburg  66    Rising Sun  29New Washington  62     Switzerland County  53     Rushville  60     Pendleton Heights  56South Central  29     Shawe Memorial  24     Eastern Hancock  55     Waldron  44     Edinburgh  46     Morristown  38    Union City  52     Union County  48     Brownstown Central  73     Jennings County  48    Friday  (1-17)Girls ScoresEast Central  61     Batesville  40The Batesville Lady Bulldogs suffered a 61-40 loss at home to East Central. The Lady Trojans led 11-7 at the end of the first quarter and later 25-11 at halftime. Batesville was more successful offensively in the second half with 19 points, but could not make up any ground. Carlie Werner led the Lady Bulldogs with 13 points, three assists and five rebounds. Makayla Granger-Young and Macy Prickel each had four rebounds.Jac-Cen-Del  51     Southwestern Shelby  42Franklin County  43     Connersville  36Columbus North  42     Lawrenceburg  26    Jennings County  75     Crothersville  40Boys ScoresMilan  75     Rising Sun  53South Decatur  78     North Decatur  75Morristown  54     Rushville  52    Southwestern Hanover  77     Switzerland County  45   Trinity Lutheran  70     Shawe Memorial  55Hauser  78     Columbus Christian  49Eastern Hancock  70     Waldron  34   Southwestern Shelby  49     Brown County  35Shenandoah  82     Union County  30    Jennings County  82     Crothersville  47New Albany  57     Madison  53last_img read more

Adopt-A-Pet Dog of the Week: Archie

first_imgFacebook3Tweet0Pin0Submitted by Adopt-A-PetMeet Archie! He is a sweet, 90-pound, 7-year-old boy, who is looking for a loving home where he will provide tail-wags, companionship, and adoring glances. His dream house will come complete with a fenced yard and loving humans who will provide him with quality time and exercise.His diet needs to be grain, chicken, and beef-free (he loves green beans!), and he prefers a home with no cats. Archie knows his basic commands, does well on leash-walks, and gets a kick out of car rides. He is a wonderful companion!If you have further questions or would like to schedule an appointment to meet Archie in person, please contact the adoption team at Shelton Adopt-A-Pet. Emails are the preferred method of communication.Adopt-A-Pet has many great dogs and always need volunteers. To see all our current dogs, visit the Adopt-A-Pet website, our Facebook page or at the shelter on Jensen Road in Shelton. For more information, email [email protected] or call 360-432-3091.last_img read more