: California reparations enter a brand new ‘battle’: getting lawmakers and public on board

A few hundred individuals chanted “Reparations now!” in a packed auditorium on the California Secretary of State headquarters in Sacramento on Thursday because the first-in-the-nation state-level reparations activity power unveiled its closing report and proposals.

Secretary of State Shirley Weber, who wrote the regulation that tasked the nine-member group with finding out reparations and presenting its report back to state lawmakers, “deserves a Nobel Peace Prize,” one particular person mentioned in the course of the public-comment interval.

What Weber acquired Thursday — throughout an alternately celebratory and critical, nearly somber day crammed with the load of the historic event — was a standing ovation and the gratitude of the general public, task-force members and state officers. When it was her flip to talk, Weber mentioned that what comes subsequent is a “battle” to make the suggestions a actuality.

She urged the general public to learn the report in preparation for that battle, alluding to the backlash that the reparations effort has already acquired. “The doc solutions each query,” she mentioned.

The report, greater than 1,000 pages lengthy, is a end result of two years of labor and in depth analysis by the duty power with the assistance of the state Division of Justice. Over a complete of 16 conferences, a lot of which have been two days lengthy, the duty power heard from many specialists and members of the general public whereas navigating a fraught political local weather.

“After being denied 40 acres and a mule … our time is now,” one other commenter mentioned.

State Sen. Steven Bradford, a Democrat from Los Angeles, is one in every of two task-force members — the opposite is Assemblyman Reggie Jones-Sawyer — who will take the lead in attempting to show the suggestions into coverage.

“We all know it’s a problem,” Bradford mentioned throughout a information convention earlier than the assembly. Whereas reflecting on his membership on the panel in the course of the assembly, he mentioned that in his 25 years as an elected official, “this might be my most impactful work.”

In addition to recommending financial compensation doubtlessly value billions of {dollars} for descendants of enslaved individuals, the duty power has proposed an array of coverage modifications that might profit Black Californians, together with permitting incarcerated individuals to vote and repealing Prop. 209, which outlawed affirmative motion within the state.

Lots of the task-force members referred to the U.S. Supreme Courtroom choice Thursday that faculties can’t use race in admission choices, calling it ironic that the ruling was handed down the identical day that California took a historic step towards reparations.

Learn extra: How faculty admissions will change in America after the Supreme Courtroom knocked down affirmative motion

See additionally: The Supreme Courtroom knocked down affirmative motion in faculties — and corporations may really feel the results too

“I’d encourage the Supreme Courtroom to learn the … report, and to grasp that the legacy of enslavement and ongoing harms are with us to this very day,” task-force member Cheryl Grills mentioned in the course of the information convention earlier than the listening to.

The final assembly of the California reparations activity power within the Secretary of State headquarters in Sacramento on Thursday attracted a crowd of nicely over a few hundred individuals, together with members of the general public, lawmakers and state officers.

Levi Sumagaysay/MarketWatch

One of many the duty power’s greatest suggestions is the creation of a brand new state company modeled after the Freedmen’s Bureau, which was established to assist freed enslaved individuals after the Civil Warfare. In addition to dealing with claims for reparations, the brand new Freedmen Affairs Company would even have oversight energy to attempt to make sure different current businesses present racially equitable companies.

The duty power was established on account of a invoice written by Weber when she was a state assemblywoman and signed into regulation by Gov. Gavin Newsom in 2020. The duty power, which first convened in June 2021, launched its preliminary report final 12 months. Amongst different issues, the report checked out how though California was not formally a slave state, its insurance policies helped help slavery and furthered discrimination in opposition to Black People.

As the duty power disbands, its members each inside and outdoors the legislature intend to proceed their work.

“We will’t step away,” Lisa Holder, a civil-rights lawyer and president of the nonprofit Equal Justice Society, instructed MarketWatch. “It’s necessary to proceed the management” on reparations that has been created by the duty power, she mentioned.

Learn subsequent: Will there be sufficient public help for reparations?

Micron Know-how, Inc. (MU) Q3 2023 Earnings Name Transcript

Micron Know-how, Inc. (NASDAQ:MU) Q3 2023 Earnings Convention Name June 28, 2023 4:30 PM ET

Firm Contributors

Farhan Ahmad – Vice President, Investor Relations

Sanjay Mehrotra – President and Chief Govt Officer

Mark Murphy – Chief Monetary Officer

Convention Name Contributors

C.J. Muse – Evercore ISI

Timothy Arcuri – UBS

Krish Sankar – TD Cowen

Harlan Sur – JPMorgan

Ambrish Srivastava – BMO Capital Markets

Tom O’Malley – Barclays


Thanks for standing by, and welcome to Micron’s Third Quarter 2023 Monetary Name. At the moment, all contributors are in a listen-only mode. After the audio system’ presentation, there can be a question-and-answer session. [Operator Instructions] As a reminder, right now’s program is being recorded.

And now, I would wish to introduce your host for right now’s program, Farhan Ahmad, Vice President, Investor Relations. Please go forward, sir.

Farhan Ahmad

Thanks, and welcome to Micron Know-how’s fiscal third quarter 2023 monetary convention name.

On the decision with me right now are Sanjay Mehrotra, our President and CEO, and Mark Murphy, our CFO.

At present’s name is being webcast from our Investor Relations website at buyers.micron.com, together with audio and slides. As well as, the press launch detailing our quarterly outcomes has been posted on our web site, together with the ready remarks for this name.

At present’s dialogue of economic outcomes is introduced on a non-GAAP monetary foundation except in any other case specified. A reconciliation of GAAP to non-GAAP monetary measures may be discovered on our web site. We encourage you to go to our web site at micron.com all through the quarter for probably the most present info on the corporate, together with info on monetary conferences that we could also be attending. You can even comply with us on Twitter at MicronTech.

As a reminder, the issues we’re discussing right now embrace forward-looking statements concerning market demand and provide, our anticipated outcomes, and different issues. These forward-looking statements are topic

JFrog: Wait For A Higher Entry Level

JFrog Headquarters


JFrog (NASDAQ:FROG) is a US-Israeli firm that gives a DevOps/Growth Operations Platform that permits organizations to handle steady and safe software program deployments and versioning.

FROG generates subscription income from two supply fashions. The primary one is self-managed deployments, the place their prospects



globalnewswire - market.us

globalnewswire – market.us

FROG's presentation

FROG’s presentation

FROG's presentation

FROG’s presentation





author's own analysis

creator’s personal evaluation



Star Bulk Carriers: Business Chief Buying and selling At A Uncommon Low cost To Internet Asset Worth – Purchase

Massengutfrachter DALIAN STAR D in der Bucht von Ponta Delgado auf den Azoren vor Anker

JJFarquitectos/iStock Editorial through Getty Photos

Be aware:

I’ve lined Star Bulk Carriers Corp. (NASDAQ:SBLK) beforehand, so traders ought to view this as an replace to my earlier article on the corporate.

Final month, main dry bulk shipper Star Bulk Carriers Corp. or “Starreported

Q1 Highlights

Firm Presentation

Scrubber Benefits

Firm Presentation

Balance Sheet and Liquidity

Firm Presentation


Firm Presentation / MarineTraffic.com

NAV Scrubber Premium

Firm Presentation / MarineTraffic.com / Writer’s Estimates

Q2 TCE Outlook

Firm Presentation



New York Group Bancorp’s Floating Preferreds Pay Out A 7.4% Yield

Queensboro Bridge and Midtown Manhattan

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New York Group Bancorp (NYSE:NYCB) has come out as an anticipated winner of the March 2023 banking panic. The widespread shares of the Lengthy Island-based regional financial institution are up 21% year-to-date, outperforming its friends and in addition forward$0.17 per shareacquisition

Information by YCharts
New York Community Bancorp 6.375% Series A Preferreds


New York Community Bancorp 1-year total returns commons vs preferreds

In search of Alpha

New York Community Bancorp 5-year market cap vs tangible book value

In search of Alpha

Week Forward – Inflation And Recession Dangers

Turbulent Market


By Ed Moya


Whereas Europe seems at nice danger for a recession as merchants guess on aggressive price rises by all of the European central banks, the Fed remains to be anticipated to be nearing the top of their respective

To Seize A Worth Rotation Make Certain You Have Worth Publicity

Strategy of diversified investment.


By Christopher Gannatti, CFA

After the worldwide monetary disaster of 2008/09, U.S. equities – significantly growth-oriented U.S. equities – went on a run. For an prolonged interval in 2022, it began wanting like the expansion rally was over and the worth cycle had begun.

Standardized Performance as of March 31, 2023
Zooming in on Year-to-Date 2023 Performance
Divergence in Price-to-Earnings (P/E) Ratios among Value-Oriented Funds
Valuation Discounts across Various Value Indexes
Further Information Supporting the Comparison of the Different Funds

Curtiss-Wright: Double Digit FCF Expectations And Not Costly

Vue voyage en avion

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Curtiss-Wright Company (NYSE:CW) expects double digit FCF progress for the yr 2023. I’m optimistic concerning the spectacular M&A method, the diversification of the actions, and market expectations. In my opinion, additional new long-term contractual relationships signed by Curtiss-Wright

Source: Investor Presentation

Supply: Investor Presentation

Source: 10-Q

Supply: 10-Q

Source: 10-Q

Supply: 10-Q

Source: Marketscreener.com

Supply: Marketscreener.com

Source: 10-Q

Supply: 10-Q

Source: Investor Presentation

Supply: Investor Presentation

Source: DCF Model

Supply: DCF Mannequin

Source: DCF Model

Supply: DCF Mannequin

Source: Ycharts

Supply: YCharts

Key Phrases: FedEx says friction between UPS and its union has ‘opened plenty of doorways’

Talks between United Parcel Service Inc. and the bundle deliverer’s unionized staff over a brand new labor deal are getting extra tense — for the corporate, the drivers transporting items to doorsteps and the purchasers who rely upon it for shipments. Executives at archrival FedEx Corp. on Tuesday appeared simply superb with that.

Throughout FedEx’s FDX, -0.78% earnings convention name on Tuesday, an analyst requested executives concerning the influence from these negotiations. Brie Carere, FedEx’s chief buyer officer, mentioned that whereas they weren’t planning for any particular beneficial properties, the frictions at UPS offered alternatives nonetheless.

“The quick reply is in This autumn we didn’t see any materials profit due to these discussions and we’ve not deliberate for any profit transferring into fiscal yr 2024,” Brie Carere, FedEx’s chief buyer officer, mentioned on FedEx’s earnings convention name on Tuesday.

“What I can inform you is that this has opened plenty of doorways,” she continued. “We’re having plenty of nice conversations with legacy UPS clients and we really feel actually good concerning the gross sales pipeline due to the sturdy worth proposition we’ve versus our main competitor.”

UPS’s Teamsters union on Friday voted to authorize a strike if their employer can’t produce a contract they like by July 31, when the present deal expires. The Teamsters symbolize greater than 340,000 supply drivers and logistics employees at UPS UPS, -0.73%, in accordance with an announcement from the union. Talks between the union and UPS started on April 17.

The negotiations at UPS are the most recent knot to have shaped alongside the nation’s provide chain over the previous two years, after the financial system’s shutdown through the pandemic upended manufacturing unit manufacturing and transport schedules, backing up ports and warehouses. Amid the dislocation, the prices to ship issues rose — whilst delays threatened to pile up — making a revenue windfall for the transport business.

Final week, West Coast union dockworkers and their employers on the ports reached a tentative settlement on a brand new labor contract. President Joe Biden final yr signed a invoice to avert a rail strike, after employees threatened one over time-off insurance policies. Particular person rail operators have since labored to achieve agreements with their unions.

Alibaba: Increased Progress Potential Than You Would possibly Assume

Alibaba headquarter

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Alibaba Group Holding Ltd. (NYSE:BABA) is a Chinese language multinational firm that makes a speciality of retail and e-commerce. It additionally has branches within the web know-how, cellular media, movie, and leisure industries. The inventory has carried out fairly nicely in current months, experiencing a 5.67% enhance since Decemberpurchase