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1 October 10, 2019 Scott Scheele, Esq. Chief, Telecommunications And
October 10, 2019 Scott Scheele, Esq. Chief, Telecommunications and Broadband Section Antitrust Division, U.S. Department of Justice 450 Fifth Street NW, Suite 7000 Washington, DC 20530 Re: United States v. Deutsche Telekom AG, et al., No. 1:19-cv-02232-TJK TUNNEY ACT COMMENTS OF THE COMMUNICATIONS WORKERS OF AMERICA Introduction. The proposed Final Judgment (“PFJ”) violates a number of clearly articulated Antitrust Division policies on merger remedies. These policies, incorporated in current policy guidance documents and in speeches by Division officials, are aimed at ensuring that antitrust remedies are appropriate, effective and principled. The remedy here satisfies none of these goals. The Division has not articulated any reasons, let alone principled reasons, why it has turned its back on its own merger remedy policies in this case, many of which are long-standing and represent sound antitrust enforcement. The Division has recently and successfully asserted a number of its merger remedy policies in litigated cases as a basis for rejecting proposed fixes to anticompetitive mergers, including one in which the proposed divestiture package did not include the network necessary for the buyer successfully to compete. That has particular relevance here. Judged from the standpoint of the competitive harm alleged in the Complaint, the divestiture assets do not restore the competition lost by the elimination of Sprint as an independent competitor under the theories of harm alleged in the complaint and in the product market alleged in the complaint. The divestitures create a Mobile Virtual Network Operator (“MVNO”), but the theories of harm and market definition treat competition from MVNOs as de minimis. -
World's Richest Get $182 Billion Poorer
World’s Richest Get $182 Billion Poorer 12/29/15, 3:34 PM World’s Richest Get $182 Billion Poorer By: DailyForex.com They say the rich get richer and the poor get poorer. But in 2015, it was the world’s richest that got poorer, losing a walloping $182 billion this past week alone. The world’s 400 richest people reacted to weak manufacturing data from China and the retreat in commodities which sent global markets plunging. According to the Bloomberg Billionaires Index which measures the world’s wealthiest people based on market and economic changes, falling commodities prices and signs of a slower- growing China scared investors around the world and are to be blame for the first annual decline for the daily wealth index since it debuted in 2012 and the biggest weekly drop since the expanded tracking list began in September 2014. The Bloomberg Billionaires Index is a group that includes Warren Buffett and Glencore Plc’s Ivan Glasenberg and the combined net worth of the index members fell by $76 billion on Friday alone, when the Standard & Poor’s 500 Index of U.S. stocks ended its worst week since 2011. The collapse in oil prices, which has seen its longest weekly losing streak since 1986 amid signs of an extended supply glut, contributed to $15.2 billion in losses for the world’s wealthiest energy billionaires. Continental Resources Inc. Chairman Harold Hamm saw $895 million, or 9 percent of his net worth, vanish in a week. Change of Places According to the Bloomberg Billionaires Index…. -
4607 Stores 11084 Millions Of
4,607 stores millions of 11,084 euros in sales countries with 74 sales presence 92,301 employees nnual A Report 2009 Global Reporting 6 Initiative Indicators Letter from the 14 Chairman Inditex business 16 model 18 53 54 163 IP Inditex Performance IC Inditex Commitment Summary of 2009 Customers, shareholders 20 financial year 56 and society Milestones Corporate Social 26 for the year 66 Responsibility Commercial Human 28 concepts 124 Resources International Environmental 46 presence 136 dimension 4 Inditex Annual Report 2009 164 309 LD Legal Documentation Economic and financial 167 report Corporate governance 233 report Activities Report 296 Audit and Control Committee Activities Report Nomination 303 And Remuneration Committee Verification of the audit of 308 GRI indicators 5 lobal G Reporting Initiative Indicators With transparency as the fundamental principle in its relationship with society, Inditex has followed the Global Reporting Initiative indicators since it published its first Sustainability Report in 2002. Using this guide, Inditex attempts to provide detailed, organised access to the infor- mation on its activity to all its stakeholders. Within the general indicators, specific indicators for the textile and footwear sector have been included, identified in the following way: Specific indicator for the sector Specific indicator comment for the sector 6 Inditex Annual Report 2009 Pages 1. STRATEGY AND ANALYSIS 14-15 1.1 Statement from the most senior decision-maker about the relevance of sustainability to the organisation and its strategy. 267-273, 1.2 Description of key impacts, risks, and opportunities. 20-25 Apparel and Footwear Sector Specific Commentary: Where applicable, this should include an assessment of supply chain performance. -
Shoen V. Shoen, 167 Ariz
Shoen v. Shoen, 167 Ariz. 58, 804 P.2d 787 (Ariz. App., 1990) Page 787 804 P.2d 787 167 Ariz. 58, Fed. Sec. L. Rep. P 95,683 Samuel W. SHOEN, M.D.; Mary Anna Shoen-Eaton; Cecilia M. Shoen Hanlon; Katrina M. Shoen; Theresa M. Shoen; Leonard S. Shoen; and the following Arizona corporations: Samwill, Inc.; Cemar, Inc.; Kattydid, Inc.; Thermar, Inc.; and L.S.S., Inc., Plaintiffs-Appellants, v. Edward J. SHOEN; Paul F. Shoen; James P. Shoen; Aubrey K. Johnson; William E. Carty; John M. Dodds; Gary B. Horton; Henry E. Martin; Harry B. DeShong, Jr.; Gary V. Klinefelter; Amerco, a Nevada corporation; Jim White I-X; John Does I-X; XYZ Corporations I-X; and ABC Partnerships I-X, Defendants-Appellees. No. 1 CA-CV 89-140. Court of Appeals of Arizona, Division 1, Department B. Sept. 18, 1990. Review Denied Feb. 20, 1991. Page 788 [167 Ariz. 59] Lesher & Borodkin, P.C. by [167 Ariz. 60] Robert O. Lesher, Tucson, Marvin Johnson, P.C. by Marvin Johnson, Phoenix, for plaintiffs- OPINION appellants. KLEINSCHMIDT, Judge. Gibson, Dunn & Crutcher by Dean J. Kitchens, Wayne W. Smith, Robert H. Fairbank, This case arises out of a struggle for control Gail E. Lees, Los Angeles, Cal., and Myers & of Amerco Corporation. It is an appeal from the Barnes by Stephen W. Myers, Phoenix, for trial court's denial of a preliminary injunction defendants-appellees Edward J. Shoen, Paul F. sought by a group of Amerco shareholders to Shoen, James P. Shoen, Aubrey K. Johnson, cancel the issuance of certain voting stock, to William E. -
Phony Philanthropy of the Walmart Heirs
Legal Disclaimer: UFCW and OUR Walmart have the purpose of helping Wal-Mart employees as individuals or groups in their dealings with Wal-Mart over labor rights and standards and their efforts to have Wal-Mart publically commit to adhering to labor rights and standards. UFCW and OUR Walmart have no intent to have Walmart recognize or bargain with UFCW or OUR Walmart as the representative of Walmart employees. Walmart1Percent.Org WALTON FAMILY “PHILANTHROPY”: A Distraction from the Walmart Economy Americans believe in the power of charitable giving. Eighty-eight percent of American households give to charity, contributing more than $2,000 per year on average.1 Despite their charitable inclinations, most American families, acting on their own, lack the financial resources to make a significant impact on the problems facing our society. The Walton family, majority owner of Walmart, is a notable exception. As members of the richest family in the United States, the Waltons have $140 billion at their disposal—enough wealth to make a positive mark on the world and still leave a fortune for their descendants. The Waltons certainly wish to be seen as a force for good. Their company claims to help people “live better” and the Walton Family Foundation mission statement speaks of “creating opportunity so that individuals and communities can live better in today’s world.”2 But that mission statement seems ironic, given that many of the most acute challenges facing American families in 2014 could rightfully be viewed as symptoms of our “Walmart economy,” characterized by rising inequality and economic insecurity. -
UNITED STATES DISTRICT COURT NORTHERN DISTRICT of INDIANA SOUTH BEND DIVISION in Re FEDEX GROUND PACKAGE SYSTEM, INC., EMPLOYMEN
USDC IN/ND case 3:05-md-00527-RLM-MGG document 3279 filed 03/22/19 page 1 of 354 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF INDIANA SOUTH BEND DIVISION ) Case No. 3:05-MD-527 RLM In re FEDEX GROUND PACKAGE ) (MDL 1700) SYSTEM, INC., EMPLOYMENT ) PRACTICES LITIGATION ) ) ) THIS DOCUMENT RELATES TO: ) ) Carlene Craig, et. al. v. FedEx Case No. 3:05-cv-530 RLM ) Ground Package Systems, Inc., ) ) PROPOSED FINAL APPROVAL ORDER This matter came before the Court for hearing on March 11, 2019, to consider final approval of the proposed ERISA Class Action Settlement reached by and between Plaintiffs Leo Rittenhouse, Jeff Bramlage, Lawrence Liable, Kent Whistler, Mike Moore, Keith Berry, Matthew Cook, Heidi Law, Sylvia O’Brien, Neal Bergkamp, and Dominic Lupo1 (collectively, “the Named Plaintiffs”), on behalf of themselves and the Certified Class, and Defendant FedEx Ground Package System, Inc. (“FXG”) (collectively, “the Parties”), the terms of which Settlement are set forth in the Class Action Settlement Agreement (the “Settlement Agreement”) attached as Exhibit A to the Joint Declaration of Co-Lead Counsel in support of Preliminary Approval of the Kansas Class Action 1 Carlene Craig withdrew as a Named Plaintiff on November 29, 2006. See MDL Doc. No. 409. Named Plaintiffs Ronald Perry and Alan Pacheco are not movants for final approval and filed an objection [MDL Doc. Nos. 3251/3261]. USDC IN/ND case 3:05-md-00527-RLM-MGG document 3279 filed 03/22/19 page 2 of 354 Settlement [MDL Doc. No. 3154-1]. Also before the Court is ERISA Plaintiffs’ Unopposed Motion for Attorney’s Fees and for Payment of Service Awards to the Named Plaintiffs, filed with the Court on October 19, 2018 [MDL Doc. -
3 Billionaires in Indiana See Net Worth Jump $2.3 Billion Or 17.2% in First Three Months of COVID-19 Pandemic
EMBARGOED FOR RELEASE ON JULY 15, 2020 AT 12:00 AM 3 Billionaires in Indiana See Net Worth Jump $2.3 Billion or 17.2% in First Three Months of COVID-19 Pandemic Meanwhile State & Local Government Services Face Deep Cuts as Congress Stalls on New COVID-19 Financial Aid Package WASHINGTON—Indiana has 3 billionaires who collectively saw their wealth increase by $2.3 billion or 17.2% during the first three months of the COVID-19 pandemic even as the state’s economy was reeling from a huge spike in joblessness and a collapse in taxes collected, a new report by Americans for Tax Fairness (ATF) and Health Care for America Now (HCAN) shows. Between March 18—the rough start date of the pandemic shutdown, when most federal and state economic restrictions were in place—and June 17, the total net worth of the state’s 3 billionaires rose from $13.5 billion to $15.8 billion, based on an analysis of Forbes data. Forbes’ annual billionaires report was published March 18, 2020, and the most recent real-time data was collected June 17 from the Forbes website. This $2.3 billion increase in wealth is 60% of the projected $3.7 billion state revenue shortfall in fiscal years 2020 and 2021 combined due to the pandemic. Two Indiana billionaires—Carl Cook and Herb Simon—saw their wealth grow by 26% and 11%, respectively, during the pandemic while 741,000 of the state’s residents lost their jobs, 41,000 fell ill with the virus and 2,500 died from it. -
Russia Intelligence
N°70 - January 31 2008 Published every two weeks / International Edition CONTENTS SPOTLIGHT P. 1-3 Politics & Government c Medvedev’s Last Battle Before Kremlin Debut SPOTLIGHT c Medvedev’s Last Battle The arrest of Semyon Mogilevich in Moscow on Jan. 23 is a considerable development on Russia’s cur- Before Kremlin Debut rent political landscape. His profile is altogether singular: linked to a crime gang known as “solntsevo” and PRESIDENTIAL ELECTIONS sought in the United States for money-laundering and fraud, Mogilevich lived an apparently peaceful exis- c Final Stretch for tence in Moscow in the renowned Rublyovka road residential neighborhood in which government figures « Operation Succession » and businessmen rub shoulders. In truth, however, he was involved in at least two types of business. One c Kirillov, Shestakov, was the sale of perfume and cosmetic goods through the firm Arbat Prestige, whose manager and leading Potekhin: the New St. “official” shareholder is Vladimir Nekrasov who was arrested at the same time as Mogilevich as the two left Petersburg Crew in Moscow a restaurant at which they had lunched. The charge that led to their incarceration was evading taxes worth DIPLOMACY around 1.5 million euros and involving companies linked to Arbat Prestige. c Balkans : Putin’s Gets His Revenge The other business to which Mogilevich’s name has been linked since at least 2003 concerns trading in P. 4-7 Business & Networks gas. As Russia Intelligence regularly reported in previous issues, Mogilevich was reportedly the driving force behind the creation of two commercial entities that played a leading role in gas relations between Russia, BEHIND THE SCENE Turkmenistan and Ukraine: EuralTransGaz first and then RosUkrEnergo later. -
WAL-MART At50
WAL-MART at50 FROM ARKANSAS TO THE WORLD a supplement to . VOL. 29, NO. 27 • JULY 2, 2012 ARKANSASBUSINESS.COM/WALMART50 Fifty years old, and healthy as ever Congratulations, Walmart! And thanks for letting us care for your associates and communities. From one proud Arkansas company to another CONGRATULATIONS TO A GREAT AMERICAN SUCCESS STORY It has been a privilege to travel with Walmart on its remarkable journey, including managing the company’s 1970 initial public offering. From one proud Arkansas company to another, best wishes to all Walmart associates everywhere. INVESTMENT BANKING • WEALTH MANAGEMENT INSURANCE • RESEARCH • SALES & TRADING CAPITAL MANAGEMENT • PUBLIC FINANCE • PRIVATE EQUITY STEPHENS INC. • MEMBER NYSE, SIPC • 1-800-643-9691 STEPHENS.COM WAL-MART at 50 • 3 Wal-Mart: INSIDE: A Homegrown 6 The World of Wal-Mart Mapping the growth of a retail giant Phenomenon 8 Timeline: A not-so-short history of Wal-Mart Stores Inc. Thousands of Arkansans have a Wal-Mart experience to share from the past 50 years that goes far beyond the routine trip to a Supercenter last week. 10 IPO Set the Stage for Global Expansion Wal-Mart is an exciting, homegrown phenomenon engineered by the late Sam Walton, a brilliant businessman who surrounded himself with smart people and proceeded to revolutionize 14 Influx of Workers Transforms retailing, logistics and, indeed, our state and the world. He created a heightened awareness of stock Northwest Arkansas investments as investors from Arkansas to Wall Street watched the meteoric rise in share prices and wondered when the next stock split would occur. -
Press Release
CONTACT: McKenna Young FOR IMMEDIATE RELEASE 484-385-2913 (office) December 17, 2015 [email protected] PRESS RELEASE Horatio Alger Association Announces 12 Recipients of Annual Dennis R. Washington Achievement Graduate Scholarships The Dennis & Phyllis Washington Foundation provides graduate grants of up to $90,000 to Horatio Alger Scholars who wish to further their education WASHINGTON, D.C. (December 17, 2015) – Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced the 12 recipients of the 2015 Dennis R. Washington Achievement Graduate Scholarship. Endowed in 2008 and funded by the Dennis & Phyllis Washington Foundation, this scholarship provides financial assistance to Alumni recipients of Horatio Alger National and State Scholarships who aspire to obtain graduate degrees. The Dennis & Phyllis Washington Foundation was established in 1988 by Dennis Washington, chairman emeritus of Horatio Alger Association, and his wife, Phyllis. Since its inception, the Foundation has donated more than $199 million to charitable causes. The Foundation, which supports deserving individuals in an effort to better society as a whole, established its Achievement Graduate Scholarship program to provide financial assistance exclusively to Horatio Alger undergraduate scholarship recipients who are committed to pursuing a graduate degree. Applicants must have a minimum 3.0 -
Alpha: Labor Is the New Capital
Nov. 19 - Dear Ostrom Workshop readers: I’m so grateful for the opportunity to present at the Workshop. This paper is still in its early stages. I’m still working through the argu- ments, and, having presented the paper twice (first, two weeks ago, and again just today) it’s clear to me that it will be two papers. Also it’s clear that I still have a lot of work ahead of me. So thanks in ad- vance for your willingness to read a very rough draft. But I much pre- fer presenting work at a stage when I can actually still make funda- mental changes to the paper. The first paper (the first half of this draft) will argue that “alpha” is a useful third category of income in addition to labor and capital, that “alpha” best accounts for the rise of U.S. income inequality, and that “alpha” is often taxed at low capital gains rates. The second paper (the second half of this draft) will set forth a nor- mative theory of capital income taxation, with a uniform rate struc- ture from whatever source derived. This is really where the tax litera- ture began 100 years ago. But the literature has moved away from uniformity over the last fifty years, towards exemption of capital in- come. The facts on the ground suggest to me that we ought to move back to basics. Finally, a note on the background of this project. This draft was pre- pared for Tax Law Review symposium on tax and entrepreneurship. It consolidates a lot of my prior work on the tax treatment of private equity and venture capital. -
Annual Report 2017 CONTENTS
Alfa Group Annual Report 2017 CONTENTS 3 Alfa Group’s Principal Businesses 4 Supervisory Board of Alfa Group 9 Alfa Group’s Investment Philosophy 11 ABH Holdings S.A. 16 Alfa Capital 18 AlfaStrakhovanie Group 20 Alfa Asset Management (Europe) S.A. 21 A1 23 X5 Retail Group 26 Rosvodokanal Group 27 IDS Borjomi International 28 Serving our Communities 30 Contact Information ALFA GROUP’S PRINCIPAL BUSINESSES Founded in 1989, Alfa Group* ("Alfa") is one of the largest privately owned financial-investment conglomerates in Russia. Alfa Group* is a combination of independent businesses operating mainly in Russia and the CIS. Alfa* companies’ businesses include commercial and investment banking, asset management, insurance, retail trade, water utilities, mineral water production as well as special-situation investments. Companies of Alfa* typically focus on value-oriented, longer-term opportunities, primarily in Russia and the CIS, but also invest in other markets which form part of their strategic business objectives. ABH Holdings S.A. Alfa Capital AlfaStrakhovanie Group ABH Holdings S.A. (ABHH) Alfa Capital manages investment One of the largest Russian is a privately owned Luxembourg- portfolios for a wide range of insurers with a diversified based holding company investing clients. portfolio of insurance products. into several banking groups in the CIS and Europe. Alfa Asset Management (Europe) S.A. А1 X5 Retail Group Luxembourg-based asset One of the leading investment Leading multi-format food retailer in management company for private businesses in Russia and the CIS. Russia. X5 Retail Group’s shares are and corporate clients in Europe. listed on the London Stock Exchange (LSE) and Moscow Exchange (MOEX) in the form of Global Depositary Receipts under the ticker “FIVE”.