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Letters to the Editor for Wednesday, Nov. 13

first_imgCategories: Letters to the Editor, OpinionWhy just single out Trump for fraud?A New York judge orders Trump to pay $2 million for foundation misuse. Will Judge Scarpulia now look into the $150 million given to the Clinton Foundation by a Russian company? How was this money used? Why is there no checking into this apparent violation? I looked online and could not find anything relating to this abridge of ethics.Why are we constantly aiding Hillary, never finding even a lie or wrongdoing?Geraldine KrawitzSaratoga SpringsSee film, join talk on climate changeWe all know climate change is real, and it’s happening faster than scientists anticipated.The current administration has made things worse in the last three years, highlighted by leaving the Paris Climate Accord just when we need to work the hardest to stem the tide of global destruction.However, there seems to be a concerted effort by communities and organizations, both large and small, across the country to do what this administration refuses to do: face climate change head on and act swiftly to make the necessary changes.On Nov. 16 at 5:30 p.m., the First Reformed Church of Schenectady is hosting a free viewing of “Paris to Pittsburgh,” a National Geographic documentary about the problems we face and the variety of solutions people of all walks of life are putting into practice to stem the tide of climate change.This is a great opportunity for all to join a positive discussion around solutions to this crisis.Sean KentRexford Roundabouts offer no improvementWhat is with all these roundabouts? I’ve heard they make less fatalities, but more accidents. That makes no sense to me. I’m 73 and have been driving since I was 16 and have never had an accident. I’m in Clifton Park and the new one on Route 146 is a nightmare. I know of people who take a longer route around it to avoid it.Also the one over by the Rexford bridge is an accident waiting to happen. What was wrong with red means stop and green means go?Georgette IngogliaRexfordGrateful for town supervisor’s effortsJust a special “Thank You” to Ballston Town Supervisor Tim Szczepaniak for everything he has done for the town, its citizens and even those of us from neighboring communities. The beautiful CVS store and Stewart’s shop at the corner of Route 50 and Lakehill Road are a huge improvement over the previous eyesores that existed at that intersection.But more importantly, thank you, Mr. Szczepaniak, for your repeated efforts to bring a grocery store to the Ballston-Burnt Hills area. What a wonderful addition to Route 50 to have a Hannaford market located so close to our homes.As a senior, I am so appreciative of your efforts to have a beautiful new market within easy driving distance.  Asilda DubeCharltonRiggi was a voice of for Sch’dy residentsSchenectady residents lost a valuable council person in this year’s election.Vince Riggi was a huge voice on the council. Thank you for your service.Michael BarbaruloScotiaMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesGov. Andrew Cuomo’s press conference for Sunday, Oct. 18Foss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristslast_img read more

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Buyer’s can’t get enough of Paddington’s gems

first_img7 Reading St, Paddington.A LOCAL real estate agent is predicting a good year ahead for those in the market to sell and buy in the inner-city suburbs of Brisbane.Marketing agent Luke Dawson of Ray White, Paddington said the property market was strong in Paddington, with many attracted to the type of homes in the area, and the lifestyle offered. “It’s a very sought-after pocket of Brisbane,” he said.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours ago7 Reading St, Paddington sold in December for $3,125,000.“There are lots of cafes, restaurants and shops and it’s close to the city, so it appeals to a lot of buyers.”Mr Dawson said he had seen a spike in first-home buyers and owner occupiers in the area.“With interest rates low and banks competitive, people are buying instead of paying rent,” he said.Mr Dawson said that Paddington has been attractive to buyers looking for long-term investments. The home at 7 Reading St, Paddington was built in 1895.“It’s a suburb where people hold for a long time, so I think new buyers entering the market will feel safe knowing they are buying into an area that’s stable,” Mr Dawson said.He added that recent high sales were a reflection of the high demand for “prestige properties in the area,” that would continue to gain buyer interest in 2018.last_img read more

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Comment: Time to step up action on bribery and corruption

first_imgRaj ThamotheramRaj Thamotheram is CEO and founder of responsible investment think-tank Preventable Surprises.  Other groups that one would expect to be active on such a key issue – Business for Social Responsibility, Council for Institutional Investors, and Principles of Responsible Investment – seem not to be[2] .The silver lining in the cloud that is Donald Trump’s presidency is that he has shown how easily otherwise decent Americans have rolled over and are now a major part of the problem.This quote from a New York Times editorial , published on Friday, says it all:“Government ethics officials had strongly urged Mr Trump to sell off his businesses… But he refused, because under the law he is not prevented from exploiting the presidency to turn a profit, and, unlike previous presidents, he doesn’t much care how that looks. Until Americans and their elected representatives demand statutory changes, Mr Trump and his family seem determined to use his electoral success to make a buck, regardless of how shameful the spectacle.”Put simply, Trump is getting away with it because of a rotten culture, especially – as the Economist noted last month – amongst the “craven… Republican enablers”. Presumably, they in turn believe that those who voted for them (independents too) are going to accept this corruption, or maybe even secretly like this kind of behaviour.For those who are tempted to try the “don’t bring politics into professional life” argument, let me pre-empt that: Please get real about your values in practice and just be authentic about the trade-offs you are willing to support, actively or passively, if you want me to take what you say seriously.So what does being authentic and being part of the solution look like? Hue Chen was the first exclusive consultant to the Fraud Section of the US Department of Justice, and author of the Fraud Section’s Evaluation of Corporate Compliance Programs document.Here is her explanation of why she felt compelled to resign. Rather than do it quietly, she has been honourably outspoken about why she left.Let me be clear: being authentically part of the solution doesn’t mean resigning! But those who invest in the US and who assert they can ensure appropriate oversight of investee companies in this context have a lot of explaining to do. So do their CEOs, who are largely sitting on the fence. This problem can’t be addressed at the level of corporate governance heads, corporate governance trade bodies, or professional organisations.There are organisations doing good work on this topic. InfluenceMap and the Union of Concerned Scientists are doing good work on the issue of corporate influence on climate policy. There are academics like Harvard’s Michael Toffel also working on what investors should expect companies to do differently.The Centre for Political Accountability covers the full spectrum of issues where corporate capture of politics is a problem, while the Committee for Economic Development takes a more systemic and preventative approach.All of these organisations need the active support of the investors – and especially the large fund managers, which in turn means the active interest of lots of asset owners. Investors headquartered in places where bribery and corruption is less tolerated, such Canada and Scandinavia, have a particular responsibility to use their space to operate and set benchmarks for their US peers – just as, in time past, the US has done internationally.As a consequence of the neglect shown by investors to this issue and over decades, there is a lot of ground to be made up and quickly.Trump is a symptom of a culture that investors have enabled. To see him as an aberration that can be waited out or even excised (aka impeached), before everything then goes back to “normal”, is another big error of judgement. That’s one of the reasons why I say this is probably the number one corporate governance issue for all investors in the US, and especially those who claim to be ESG or sustainability-oriented.What do you think? And, most importantly, how are you going to become a bigger part of the solution? When I first heard the phrase “legalised corruption and bribery”[1] to describe the US, I thought it very apt.The hypocrisy of lecturing emerging markets about this huge problem – and of course there are very corrupt countries around the world – while simultaneously tolerating, even justifying, a cultural variant in the US rather stuck in my throat.I wrote about it in 2012 and, ever hopeful, tried to stimulate mainstream action. But colleagues in the corporate governance field generally thought I was overstating the problem and largely gave this issue a rather wide berth.To their credit, the International Corporate Governance Network (ICGN) did some work around the disclosure of political donations – including in western countries – a few years later in 2015, but the initiative lacked energy.center_img [1] The phrase seems to have been initially coined by a former chairman of Ernst Young, who was also co-chair of the Committee for Economic Development, but it is now used by many including Thomas Friedman.[2] Checking their sites today, 3 July 2017, I still don’t see any work on this critical issue.last_img read more