@ISIDEWITHQuestionseconomy10yrs ago

Should bankers’ bonuses be capped at 100% of their pay?

n 2014 the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on banker’s pay will push up non-bonus pay and cause bank’s costs to rise.

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Answer Overview

Response rates from 254 Liberal Conservatism voters.

61%
Yes
39%
No
54%
Yes
23%
No
4%
Yes, and lower the cap to 20%
16%
No, any worker should be rewarded based on their success
2%
Yes, and lower the cap to 50%
1%
Yes, and nationalise the banks

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Active 5hrs ago

 @ISIDEWITH submitted…2 days2D

Kamala Harris is considering running for president again in 2028

Kamala Harris has been lying low since her defeat in the presidential race, unwinding with family and senior aides in Hawaii before heading back to the nation’s capital.But privately, the vice president has been instructing advisers and allies to keep her options open — whether for a possible 2028 presidential run, or even to run for governor in her home state of California in two years. As Harris has repeated in phone calls, “I am staying in the fight.”She is expected to explore those and other possible paths forward with family members over the winter holiday season, according to five people in the Harris inner circle, who were granted anonymity to discuss internal dynamics. Her deliberations follow an extraordinary four months in which Harris went from President Joe Biden’s running mate to the top of the ticket, reenergizing Democrats before ultimately crashing on election night.“She doesn’t have to decide if she wants to run for something again in the next six months,” said one former Harris campaign aide. “The natural thing to do would be to set up some type of entity that would give her the opportunity to travel and give speeches and preserve her political relationships.”“She doesn’t have to decide if she wants to run for something again in the next six months,” said one former Harris campaign aide. “The natural thing to do would be to set up some type of entity that would give her the opportunity to travel and give speeches and preserve her political relationships.”Harris concedes: 'We must accept the results of this election'SharePlay VideoMost immediately, Harris and her advisers are working to define how and when she will speak out against Donald Trump and reassert her own role in the Democratic Party. Closing out her term as vice president, she’s set to preside over certifying the November election she lost to Trump, and then appear at the once-and-future president’s inauguration on Jan. 20.“There will be a desire to hear her voice, and there won’t be a vacuum for long,” a person close to Harris said.At the same time, Harris and her husband, Doug Emhoff, will have a long checklist to plow through before they leave the Naval Observatory for good.They have to decide whether they’ll take up permanent residence at their home in Los Angeles, or establish a base elsewhere. No matter where Harris and her family live, some around her have expressed concerns about safety, as her Secret Service protection expires six months after stepping away.

▲  1019 replies

 @ISIDEWITH submitted…23hrs23H

Netanyahu Shifts Focus to Iran After Cease-Fire with Hezbollah

Israel approved a cease-fire with Lebanon that is intended to bring a halt to more than a year of fighting with the Hezbollah militia and could help defuse a broader regional crisis that has threatened to ensnare the U.S. and other world powers.“I have some good news to report from the Middle East,” President Biden said on Tuesday, announcing a cease-fire that he said would begin at 4 a.m. local time on Wednesday.Israeli Prime Minister Benjamin Netanyahu backed the agreement earlier in the day, saying it would let Israel focus on the threat from Iran, allow the Israeli military to rest and rearm, and isolate Hamas.“The continuation of the cease-fire will be dependent on what happens in Lebanon. We will enforce the agreement and respond forcefully to every violation,” Netanyahu said.Lebanon’s prime minister, Najib Mikati, welcomed the agreement, saying it would bring “calm and stability in Lebanon and the return of the displaced to their homes and cities.”The Lebanese cabinet is expected to meet on Wednesday to approve steps to enforce the cease-fire, including sending government security forces to areas of southern Lebanon near the border with Israel.Hezbollah has indicated openness to a deal in recent days. “What concerns us are Lebanese national measures and the protection of sovereignty,” Hassan Fadlallah, a member of Parliament affiliated with the group, told The Wall Street Journal on Tuesday.The announcements came after a day of heavy bombardment of Beirut while Israeli ground forces advanced deeper into Lebanese territory. Minutes after Biden spoke, a series of explosions thundered in Beirut. Northern Israel also came under renewed rocket fire.There was no immediate public comment from Hezbollah on the announced cease-fire.If implemented, the agreement would be a diplomatic success for Biden in the twilight of his administration, after more than a year in which the White House has tried to fend off the possibility of a wider regional war. It could also change the landscape that President-elect Donald Trump will face when he takes office in January.

▲  178 replies

 @ISIDEWITH submitted…23hrs23H

Mexico Slams U.S. Policies as Trump Renews Border War

President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border.Sheinbaum said she was willing to engage in talks on the issues, but said drugs were a U.S. problem.“One tariff would be followed by another in response, and so on until we put at risk common businesses,” Sheinbaum said, referring to U.S. automakers that have plants on both sides of the border.She said Tuesday that Mexico had done a lot to stem the flow of migrants, noting “caravans of migrants no longer reach the border.” However, Mexico’s efforts to fight drugs like the deadly synthetic opioid fentanyl — which is manufactured by Mexican cartels using chemicals imported from China — have weakened in the last year.Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and said the flow of drugs “is a problem of public health and consumption in your country’s society.”Sheinbaum also criticized U.S. spending on weapons, saying the money should instead be spent regionally to address the problem of migration. “If a percentage of what the United States spends on war were dedicated to peace and development, that would address the underlying causes of migration,” she said.Sheinbaum’s bristly response suggests that Trump faces a much different Mexican president than he did in his first term.Back in late 2018, former President Andrés Manuel López Obrador was a charismatic, old-school politician who developed a chummy relationship with Trump. The two were eventually able to strike a bargain in which Mexico helped keep migrants away from the border — and received other countries’ deported migrants — and Trump backed down on the threats.

▲  1613 replies

 @ISIDEWITH submitted…21hrs21H

Trump Appoints Controversial Covid Critic Bhattacharya To National Institute of Health

President Trump announces the nomination of Dr Bhattacharya to Director of the National Institutes of Health.Bhattacharya has called for shifting the agency’s focus toward funding more innovative research and reducing the influence of some of its longest-serving career officials, among other ideas.Trump earlier this month selected Kennedy to lead the Department of Health and Human Services, which oversees NIH and other health agencies. Kennedy has played a central role in choosing top health-care staff and deputies for the next administration, including Marty Makary, a Johns Hopkins surgeon and writer whom Trump announced to lead the Food and Drug Administration, and Dave Weldon, an internal medicine physician and former GOP congressman whom Trump selected to run the Centers for Disease Control and Prevention.Bhattacharya emerged as a prominent critic of the federal government’s covid-19 response, co-writing an October 2020 open letter known as the Great Barrington Declaration that called for rolling back coronavirus-related shutdowns while keeping “focused protections” for vulnerable populations, such as older Americans. The proposal won support from Republican politicians and some Americans eager to resume daily life but was rebuked by public health experts, including then-NIH Director Francis S. Collins, as premature and dangerous as the covid-19 virus continued to spread and vaccines were not yet available.Bhattacharya has called for rolling back the power of some of the 27 institutes and centers that constitute NIH, saying that some career civil servants wrongly shaped national policies at the height of the pandemic and did not tolerate dissent. Bhattacharya and other critics have singled out Anthony S. Fauci, the infectious-disease expert who led one of NIH’s centers for 38 years and helped steer the nation’s coronavirus response before leaving the federal government in December 2022.Trump Appoints Controversial Covid Critic Bhattacharya To NIH

▲  188 replies

Active 3hrs ago

 @ISIDEWITH submitted…8hrs8H

Israel Settles for Ceasefire in Lebanon

Many factors fed into Benjamin Netanyahu’s eventual decision to take up a US-brokered ceasefire and stop Israel’s offensive in Lebanon. His war aims against Hizbollah were also always more modest than the “total victory” he has sought against Hamas in Gaza.But in confronting the many domestic critics of the deal — including far-right government ministers, northern Israeli mayors and opposition figures — Netanyahu calculated that his goals had been largely met, while the risks of pushing on were mounting.“Hizbollah is not Hamas. We cannot totally destroy it. It was not on the cards,” said Yaakov Amidror, a former national security adviser to Netanyahu who now works at Washington think-tank Jinsa. “Lebanon is too big. Hizbollah is too strong.”This ceasefire deal “is not the dream that many Israelis had”, he said. But Amidror highlighted Israel’s dwindling munition stockpiles and the “pressure” on military reservists who had been fighting for months. “Israel cannot afford another year of war” at its current scale in the north, he said.Israeli officials consistently said their goal was the safe return to their homes of the tens of thousands of northern residents evacuated after Hizbollah began firing on Israel following Hamas’s October 7 attack last year.Officials said this would require pushing Hizbollah fighters back from the Israel-Lebanon frontier and changing the “security reality” along the border.After months of relatively limited exchanges of cross-border fire with Hizbollah, Israel escalated in September, setting off thousands of explosive pagers and walkie-talkies in an audacious covert operation, launching waves of air strikes across Lebanon, and initiating a punishing land invasion of its northern neighbour for the first time in almost two decades.In the span of a few weeks, most of Hizbollah’s leaders, including chief Hassan Nasrallah, were killed, and much of the group’s vast missile and rocket arsenal was destroyed. Israeli warplanes struck Beirut at will, and ground troops ranged across southern Lebanon.

▲  168 replies