Blizzard reduces ban and gives back prize money to gamer it punished for backing Hong Kong protests

In a post-match interview on the Taiwanese stream of Blizzard Entertainment game “Hearthstone,” player Chung “Blitzchung” Ng Wai wore a gas mask and goggles and appeared to shout a slogan often associated with Hong Kong protesters: “Liberate Hong Kong, revolution of our time.” Very shortly after, Blizzard Entertainment, a division of Activision Blizzard running the “Hearthstone” tournament, announced Blitzchung would be suspended for 12 months and be stripped of his prize money. Anti-government


In a post-match interview on the Taiwanese stream of Blizzard Entertainment game “Hearthstone,” player Chung “Blitzchung” Ng Wai wore a gas mask and goggles and appeared to shout a slogan often associated with Hong Kong protesters: “Liberate Hong Kong, revolution of our time.” Very shortly after, Blizzard Entertainment, a division of Activision Blizzard running the “Hearthstone” tournament, announced Blitzchung would be suspended for 12 months and be stripped of his prize money. Anti-government
Blizzard reduces ban and gives back prize money to gamer it punished for backing Hong Kong protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: arjun kharpal
Keywords: news, cnbc, companies, relationships, prize, reduces, kong, blitzchung, money, official, china, gamer, blizzard, gives, tournament, protests, hong, support, punished, decision


Blizzard reduces ban and gives back prize money to gamer it punished for backing Hong Kong protests

Visitors playing the Game Hearthstone Heroes of Warcraft at the Gamescom fair. Gamescom the Worlds largest Gaming Fair. Gamescom is a trade fair for video games held annually at the Koelnmesse in Cologne. It is organised by the BIU. (Photo by Maik Boenisch/Pacific Press/LightRocket via Getty Images)

Activision Blizzard has insisted that its decision to suspend a gamer who showed support for the Hong Kong protesters during an official tournament broadcast was not influenced by the company’s relationships in China, as the gaming firm announced it would reduce the player’s ban.

In a post-match interview on the Taiwanese stream of Blizzard Entertainment game “Hearthstone,” player Chung “Blitzchung” Ng Wai wore a gas mask and goggles and appeared to shout a slogan often associated with Hong Kong protesters: “Liberate Hong Kong, revolution of our time.”

Very shortly after, Blizzard Entertainment, a division of Activision Blizzard running the “Hearthstone” tournament, announced Blitzchung would be suspended for 12 months and be stripped of his prize money.

Anti-Blizzard sentiment spread across the internet with the front page of Reddit dominated by the topic on Wednesday and the hashtag “#Blizzardboycott” doing the rounds on Twitter.

But on Saturday, Blizzard announced it would reduce Blitzchung’s suspension to six months and give him the prize money back, admitting that it “reacted too quickly” in the first place.

Blizzard is one of the companies, along with Apple, that has been criticized for appearing to bend over backwards to China’s demands.

Anti-government protests have rocked Hong Kong for four months now. They first erupted over a now withdrawn extradition bill that would have allowed fugitives to be transferred to mainland China for trial, but are being seen as protests against Beijing’s growing influence in the semi-autonomous city.

Blizzard insisted that its relationships in China did not influence its decision to punish Blitzchung.

“The specific views expressed by blitzchung were NOT a factor in the decision we made. I want to be clear: our relationships in China had no influence on our decision,” J. Allen Brack, president of Blizzard Entertainment, said in a statement.

Brack said Blizzard has rules around its official broadcasts and that Blitzchung was in violation of those.

“We have these rules to keep the focus on the game and on the tournament to the benefit of a global audience, and that was the only consideration in the actions we took,” he said. “If this had been the opposing viewpoint delivered in the same divisive and deliberate way, we would have felt and acted the same.”

Brack also said that the official broadcasts need to be focused on the game:

Over the weekend, blitzchung used his segment to make a statement about the situation in Hong Kong—in violation of rules he acknowledged and understood, and this is why we took action. Every Voice Matters, and we strongly encourage everyone in our community to share their viewpoints in the many places available to express themselves. However, the official broadcast needs to be about the tournament and to be a place where all are welcome. In support of that, we want to keep the official channels focused on the game.

American organizations’ relationships in China are under intense scrutiny and several have come under fire for appearing to give in to Beijing’s censorship demands.

The NBA furor sparked the debate after Daryl Morey, the general manager of the Houston Rockets team, tweeted a message in Hong Kong, which was quickly deleted. The NBA first appeared to apologize for Morey’s remarks which was . But later, the league’s commissioner Adam Silver came out in support of Morey’s right to express his opinion. Silver’s remarks drew strong criticism from Chinese state media.

Meanwhile, Apple was in hot water with Beijing for allowing an app, which let Hong Kong protesters see the location of police, onto its App Store. Following , Apple .


Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: arjun kharpal
Keywords: news, cnbc, companies, relationships, prize, reduces, kong, blitzchung, money, official, china, gamer, blizzard, gives, tournament, protests, hong, support, punished, decision


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US says China tariffs scheduled to rise on Tuesday suspended; no decision on other tariffs

Trump says the US has come to a substantial phase one deal with…Mnuchin said that the U.S. won’t impose a new round of tariffs on imports of Chinese goods, which were set to go into effect Oct. 15. Politicsread more


Trump says the US has come to a substantial phase one deal with…Mnuchin said that the U.S. won’t impose a new round of tariffs on imports of Chinese goods, which were set to go into effect Oct. 15. Politicsread more
US says China tariffs scheduled to rise on Tuesday suspended; no decision on other tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: tucker higgins
Keywords: news, cnbc, companies, round, set, impose, china, phase, withmnuchin, trump, rise, suspended, decision, oct, wont, substantial, scheduled, tariffs


US says China tariffs scheduled to rise on Tuesday suspended; no decision on other tariffs

Trump says the US has come to a substantial phase one deal with…

Mnuchin said that the U.S. won’t impose a new round of tariffs on imports of Chinese goods, which were set to go into effect Oct. 15.

Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: tucker higgins
Keywords: news, cnbc, companies, round, set, impose, china, phase, withmnuchin, trump, rise, suspended, decision, oct, wont, substantial, scheduled, tariffs


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Oil rises 1.8% as OPEC pledges decision on supply

Journalists gather next to a damaged installation in Saudi Arabia’s Abqaiq oil processing plant on September 20, 2019. Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year. Separately, Saudi Arabia told OPEC its monthly oil output fell by 660,000 bpd in September after major attacks on its energy facilities, while OPEC lowered its 2020 forecast for non-OPEC supply growth. Thos


Journalists gather next to a damaged installation in Saudi Arabia’s Abqaiq oil processing plant on September 20, 2019. Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year. Separately, Saudi Arabia told OPEC its monthly oil output fell by 660,000 bpd in September after major attacks on its energy facilities, while OPEC lowered its 2020 forecast for non-OPEC supply growth. Thos
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Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, uschina, production, supply, rose, pledges, crude, prices, 2020, oil, decision, market, opec, rises


Oil rises 1.8% as OPEC pledges decision on supply

Journalists gather next to a damaged installation in Saudi Arabia’s Abqaiq oil processing plant on September 20, 2019.

Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year.

Mohammad Barkindo, leader of the exporter group, did not specify if the move would mean extending a pact to rein in production to stabilize prices, but the comments appeared to nudge the market out of pessimism over U.S.-China trade talks.

Global benchmark Brent crude futures rose by 90 cents, or 1.5%, to $59.21 a barrel. U.S. West Texas Intermediate (WTI) futures settled 96 cents higher, or 1.8% at $53.55 per barrel.

A December meeting between the Organization of the Petroleum Exporting Countries plus allies including Russia would take “decisions that will set us on the path of heightened and sustained stability for 2020”, Barkindo said on Thursday.

“Barkindo’s comment reminds markets that if oil prices do not fall off a cliff over demand concerns, we could very see OPEC+ extend their production cuts throughout the majority of 2020,” said Edward Moya, senior market analyst at OANDA in New York.

Separately, Saudi Arabia told OPEC its monthly oil output fell by 660,000 bpd in September after major attacks on its energy facilities, while OPEC lowered its 2020 forecast for non-OPEC supply growth.

Those signals from OPEC suggested a tighter global oil supply picture, but elsewhere abundance reigned.

Price gains were curbed by a report of rising stockpiles in the United States, currently the world’s biggest oil producer.

U.S. crude stocks rose by 2.9 million barrels in the week to Oct. 4, the Energy Information Administration (EIA) said on Wednesday, more than double analyst expectations.

Additionally, OPEC member Nigeria secured a higher production target from the organization and a force majeure over exports from the key Bonny Light stream was lifted.

Venezuela will also increase its exports despite U.S. economic sanctions that have curtailed shipments as Indian refiner Reliance Industries plans to start loading Venezuelan crude after a four-month pause.

Uncertainty over U.S.-China trade talks resuming on Thursday had previously weighed heavily on the market.

Still, there has not been a sustained rally or fall in prices in recent months, though both oil benchmarks are down more than 20% from April peaks.

“The oil market is neither bullish nor bearish. It is not trending. It has no reason or excuse to trend,” said Tamas Varga of oil brokerage PVM.

“It would be stretching it to say that the market is paralysed, but it is in a stalemate. No one is willing to commit to either direction.”


Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, uschina, production, supply, rose, pledges, crude, prices, 2020, oil, decision, market, opec, rises


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Supreme Court hands victory to blind man who sued Domino’s over site accessibility

The Supreme Court denied a petition from pizza giant Domino’s on Monday to hear whether its website is required to be accessible to the disabled, leaving in place a lower court decision against the company. The case was originally brought by a blind man named Guillermo Robles, who sued the pizza chain after he was unable to order food on Domino’s website and mobile app despite using screen-reading software. Read more: A blind man couldn’t order pizza from Domino’s. Domino’s urged the Supreme Cou


The Supreme Court denied a petition from pizza giant Domino’s on Monday to hear whether its website is required to be accessible to the disabled, leaving in place a lower court decision against the company. The case was originally brought by a blind man named Guillermo Robles, who sued the pizza chain after he was unable to order food on Domino’s website and mobile app despite using screen-reading software. Read more: A blind man couldn’t order pizza from Domino’s. Domino’s urged the Supreme Cou
Supreme Court hands victory to blind man who sued Domino’s over site accessibility Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-07  Authors: tucker higgins
Keywords: news, cnbc, companies, pizza, victory, accessible, website, decision, supreme, site, hands, blind, robles, case, man, platforms, sued, dominos, court, accessibility


Supreme Court hands victory to blind man who sued Domino's over site accessibility

The Supreme Court denied a petition from pizza giant Domino’s on Monday to hear whether its website is required to be accessible to the disabled, leaving in place a lower court decision against the company.

The decision not to grant the case is a loss for the company and a win for disability advocates, who have argued that, if businesses do not have to maintain accessible sites, disabled people could be effectively shut out of substantial portions of the economy.

The decision from the justices was announced in an order.

The case was originally brought by a blind man named Guillermo Robles, who sued the pizza chain after he was unable to order food on Domino’s website and mobile app despite using screen-reading software.

Read more: A blind man couldn’t order pizza from Domino’s. The company wants the Supreme Court to say websites don’t have to be accessible

Attorneys for Robles argued in court papers that the Americans with Disabilities Act requires businesses with physical locations to make their websites and other online platforms accessible to those with disabilities.

A panel of the 9th U.S. Circuit Court of Appeals sided with Robles, writing that the “alleged inaccessibility of Domino’s website and app impedes access to the goods and services of its physical pizza franchises—which are places of public accommodation.”

Domino’s urged the Supreme Court to review the decision. By declining to do so, the court’s decision on Monday will leave the ruling in place, meaning Domino’s will have to fight Robles’s accessibility claims in court.

Attorneys for Domino’s, backed by a range of business groups, had argued that the ADA does not apply to online platforms that were not envisioned when the law was passed in 1990. And, they said, no clear rules exist for how to make their platforms properly accessible.

The lawsuit is one of an increasing number filed over website accessibility in recent years. Last year, more than 2,200 such suits were filed in federal courts, according to the accessible technology firm UsableNet, nearly tripling the number a year before.

The case is known as Domino’s Pizza v. Guillermo Robles, No. 18-1539.


Company: cnbc, Activity: cnbc, Date: 2019-10-07  Authors: tucker higgins
Keywords: news, cnbc, companies, pizza, victory, accessible, website, decision, supreme, site, hands, blind, robles, case, man, platforms, sued, dominos, court, accessibility


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Republican allies blast Trump’s decision to hand northern Syria over to Turkey

President Donald Trump’s decision to withdraw U.S. troops from northern Syria ahead of a long-planned Turkish military operation is being blasted by lawmakers and security experts in Washington, including Republicans better known for being loyal allies of the president. In a rare attack on Trump’s policies, Sen. Lindsay Graham, R-S.C., called the move “impulsive” and “a disaster in the making.” “I hope I’m making myself clear how shortsighted and irresponsible this decision is in my view,” Graha


President Donald Trump’s decision to withdraw U.S. troops from northern Syria ahead of a long-planned Turkish military operation is being blasted by lawmakers and security experts in Washington, including Republicans better known for being loyal allies of the president. In a rare attack on Trump’s policies, Sen. Lindsay Graham, R-S.C., called the move “impulsive” and “a disaster in the making.” “I hope I’m making myself clear how shortsighted and irresponsible this decision is in my view,” Graha
Republican allies blast Trump’s decision to hand northern Syria over to Turkey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-07  Authors: natasha turak
Keywords: news, cnbc, companies, trumps, hand, syria, mcconnell, decision, allies, kurdish, win, turkey, northern, iran, american, blast, republican, isis


Republican allies blast Trump's decision to hand northern Syria over to Turkey

President Donald Trump’s decision to withdraw U.S. troops from northern Syria ahead of a long-planned Turkish military operation is being blasted by lawmakers and security experts in Washington, including Republicans better known for being loyal allies of the president.

The White House announcement late Sunday night, which says Turkey will take on the role of containing the Islamic State in Syria, is being decried by critics as a win for Iran and ISIS and a betrayal of U.S.-backed Kurdish fighters on the ground who have long been in Ankara’s sites.

In a rare attack on Trump’s policies, Sen. Lindsay Graham, R-S.C., called the move “impulsive” and “a disaster in the making.”

“I hope I’m making myself clear how shortsighted and irresponsible this decision is in my view,” Graham, a close confidant of Trump’s, told Fox News on Monday morning. “This is a big win for Iran and Assad. A big win for ISIS.”

He also tweeted his concerns, calling the potential policy decision “a disaster in the making.”

The criticism focuses on what many are calling an abandonment of America’s Kurdish allies on the ground in Syria, an organization of militias who spearheaded the fight against ISIS and suffered heavy casualties supporting the U.S. campaign there.

Even Senate Majority Leader Mitch McConnell, R-Ky., broke with Trump over the foreign policy shift.

“A precipitous withdrawal of U.S. forces from Syria would only benefit Russia, Iran, and the Assad regime. And it would increase the risk that ISIS and other terrorist groups regroup,” McConnell said in a statement Monday afternoon.

“I urge the President to exercise American leadership to keep together our multinational coalition to defeat ISIS and prevent significant conflict between our NATO ally Turkey and our local Syrian counterterrorism partners. Major new conflict between Turkey and our partners in Syria would seriously risk damaging Turkey’s ties to the United States and causing greater isolation for Turkey on the world stage,” McConnell said.

“As we learned the hard way during the Obama Administration, American interests are best served by American leadership, not by retreat or withdrawal,” he added.

Turkey views the fighters, particularly the Kurdish People’s Protection Units, or YPG, as terrorists and a security threat on its southern border and has long expressed its desire to launch an offensive against them. The Turks stress the YPG’s ties to a separatist Kurdish group in Turkey, the PKK, which has carried out a decades-long violent insurgency against the Turkish state.

Turkey already has troops amassed along the Turkish-Syrian border and in January of 2018 attacked Afrin, a Kurdish stronghold in northern Syria, in an offensive that drove hundreds of thousands of Kurds to refugee camps.


Company: cnbc, Activity: cnbc, Date: 2019-10-07  Authors: natasha turak
Keywords: news, cnbc, companies, trumps, hand, syria, mcconnell, decision, allies, kurdish, win, turkey, northern, iran, american, blast, republican, isis


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Apple CEO Tim Cook slams Trump’s immigration policy in Supreme Court filing

Apple CEO Tim Cook said in a filing to the Supreme Court on Wednesday that the company disagrees with President Trump’s decision to terminate DACA, the Obama-era program that shields some immigrants without documentation from being deported. The Supreme Court said in June that it will hear arguments in three cases over the legality of the administration’s decision to end DACA — the Deferred Action for Childhood Arrivals program. The cases are scheduled to be argued on Nov. 12, and a decision is


Apple CEO Tim Cook said in a filing to the Supreme Court on Wednesday that the company disagrees with President Trump’s decision to terminate DACA, the Obama-era program that shields some immigrants without documentation from being deported. The Supreme Court said in June that it will hear arguments in three cases over the legality of the administration’s decision to end DACA — the Deferred Action for Childhood Arrivals program. The cases are scheduled to be argued on Nov. 12, and a decision is
Apple CEO Tim Cook slams Trump’s immigration policy in Supreme Court filing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: kif leswing
Keywords: news, cnbc, companies, immigration, company, trumps, slams, cook, immigrants, policy, program, administrations, end, ceo, daca, supreme, court, filing, decision, tim


Apple CEO Tim Cook slams Trump's immigration policy in Supreme Court filing

Apple CEO Tim Cook said in a filing to the Supreme Court on Wednesday that the company disagrees with President Trump’s decision to terminate DACA, the Obama-era program that shields some immigrants without documentation from being deported.

“We are distressed at the prospect of ripping our DACA colleagues from the fabric of our company,” Cook and HR head Deidre O’Brien wrote in a friend-of-the-court brief. Apple said it employs 443 dreamers, or people that DACA protects from deportation.

The Trump administration’s effort to undo DACA is part of a broader effort to restrict immigration, whether it’s through family separation at the U.S.-Mexico border or the imposition of a travel ban from several majority Muslim countries to the U.S. DACA and other immigration topics remain a national focus and are likely to be core issues during the 2020 presidential campaign.

DACA deportations could cost the US economy over $400 billion, according to a 2017 study. Amazon, Facebook, Google and Microsoft also oppose Trump’s policies.

The Supreme Court said in June that it will hear arguments in three cases over the legality of the administration’s decision to end DACA — the Deferred Action for Childhood Arrivals program. The cases are scheduled to be argued on Nov. 12, and a decision is expected to be public by June. Lower courts rejected the administration’s previous attempts to end the program.

Apple said in its brief that the company wouldn’t exist without immigration and that co-founder Steve Jobs is the son of an immigrant. The company said it’s morally wrong to deport immigrants who followed U.S. policy and achieved DACA status.


Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: kif leswing
Keywords: news, cnbc, companies, immigration, company, trumps, slams, cook, immigrants, policy, program, administrations, end, ceo, daca, supreme, court, filing, decision, tim


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Botching this decision could cost you your retirement savings

Just over 9 out of 10 employers give their employees multiple options to take a distribution from their retirement plan, according to a new survey from Alight Solutions. If you’re under age 59½ when you get the money, you’re also subject to a 10% penalty. If you’re nearing retirement, you can work with your financial advisor to find a retirement drawdown strategy that is right for you. Further, ERISA protects your 401(k) plan savings from seizure by creditors. A series of paymentsNils Hendrik Mu


Just over 9 out of 10 employers give their employees multiple options to take a distribution from their retirement plan, according to a new survey from Alight Solutions. If you’re under age 59½ when you get the money, you’re also subject to a 10% penalty. If you’re nearing retirement, you can work with your financial advisor to find a retirement drawdown strategy that is right for you. Further, ERISA protects your 401(k) plan savings from seizure by creditors. A series of paymentsNils Hendrik Mu
Botching this decision could cost you your retirement savings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: darla mercado
Keywords: news, cnbc, companies, according, payments, 401k, decision, plan, money, ira, getty, retirement, botching, distribution, cost, savings, youre


Botching this decision could cost you your retirement savings

Sean Murphy | Stone | Getty Images

If you’re taking a hefty check from your 401(k) plan as you leave your employer, you might be making a big mistake. Just over 9 out of 10 employers give their employees multiple options to take a distribution from their retirement plan, according to a new survey from Alight Solutions. The employee benefits provider polled 240 employers in March. “As we see more and more boomers retiring – these people who really developed their nest egg in the 401(k) — we see more installment payments and partial distributions offered,” said Rob Austin, head of research at Alight Solutions.

In addition to giving workers a lump sum, close to 80% of employers also allowed a partial distribution and 3 out of 4 companies permitted departing workers to take installment payments from their 401(k). Choices notwithstanding, 75% of workers opted for a lump-sum distribution. Here’s what you should consider before making a decision.

Cash out vs. rollover

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Cashing out your 401(k) via a lump-sum distribution carries a hefty cost. Your recordkeeper will withhold 20% of the check to cover income taxes. If you’re under age 59½ when you get the money, you’re also subject to a 10% penalty. Another option for employees who are on the way out: Keep your 401(k) where it is or roll your savings into another 401(k) that will accept it. If you’re nearing retirement, you can work with your financial advisor to find a retirement drawdown strategy that is right for you. Finally, departing employees can also opt to roll the money into an individual retirement account. Just be aware that the IRA comes with its own share of trade-offs.

For starters, IRAs generally give investors a broader array of investments compared to what’s available in the 401(k). The average large 401(k) plan in 2016 offered 27 investment options, according to the Investment Company Institute and BrightScope. Investing expenses also differ between 401(k) plans and IRAs. Fund fees for domestic stock mutual funds in a 401(k) averaged around 0.45%, while domestic bond funds cost 0.35%, according to BrightScope and the ICI. Small 401(k) plans — particularly those with less than $10 million in assets — are more costly. These fees can be as high as 1.19% to 1.95%, according to a study from America’s Best 401k. Meanwhile, advisors can charge approximately 1% to manage your rollover assets in an IRA. Finally, money held in a 401(k) plan is protected by the Employee Retirement Income Security Act (ERISA). This federal law requires individuals who manage the plan to act as fiduciaries and operate in the best interest of the participants. Further, ERISA protects your 401(k) plan savings from seizure by creditors. You don’t have these same protections in IRAs.

A series of payments

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Check your workplace retirement plan to determine what options are available to you. Generally, there are four choices. You can leave your money in the plan, take payments from it in installments, roll the money to an IRA or take a lump sum. Work with your financial advisor before you decide on how to proceed, as the answer that’s right for you will depend on your taxes, time horizon and other income sources you hold.

“If you take the lump sum as cash, it’s fully taxable,” said Austin. “But if you take installment payments or a partial distribution, that amount could also be taxable. “You’ll want to plan it accordingly and not be in a high tax bracket the year you take the distribution,” he said. Don’t forget: Whether you put the money in an IRA or keep it in the plan, you’re going to be expected to take required minimum distributions when you hit 70½.

Getting educated

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Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: darla mercado
Keywords: news, cnbc, companies, according, payments, 401k, decision, plan, money, ira, getty, retirement, botching, distribution, cost, savings, youre


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US court says FCC cannot bar states from setting net neutrality rules

The Federal Communications Commission cannot bar states from passing their own net neutrality laws, the U.S. Court of Appeals for the District of Columbia said on Tuesday, adding that the agency must review some key aspects of its 2017 repeal of rules set by the Obama administration. FCC Chairman Ajit Pai said the decision affirmed the FCC’s “decision to repeal 1930s utility-style regulation of the Internet. Enthusiastically supported by large tech companies and consumer groups, net neutrality w


The Federal Communications Commission cannot bar states from passing their own net neutrality laws, the U.S. Court of Appeals for the District of Columbia said on Tuesday, adding that the agency must review some key aspects of its 2017 repeal of rules set by the Obama administration. FCC Chairman Ajit Pai said the decision affirmed the FCC’s “decision to repeal 1930s utility-style regulation of the Internet. Enthusiastically supported by large tech companies and consumer groups, net neutrality w
US court says FCC cannot bar states from setting net neutrality rules Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-01
Keywords: news, cnbc, companies, neutrality, setting, rules, bar, trump, companies, tech, net, court, internet, states, fcc, providers, decision


US court says FCC cannot bar states from setting net neutrality rules

The Federal Communications Commission cannot bar states from passing their own net neutrality laws, the U.S. Court of Appeals for the District of Columbia said on Tuesday, adding that the agency must review some key aspects of its 2017 repeal of rules set by the Obama administration.

The court, which upheld much of the FCC’s December 2017 order, said the agency “failed to examine the implications of its decisions for public safety” and must also review how its decision will impact a government subsidy program for low-income users.

The decision was a setback to the Trump administration’s efforts to reverse rules adopted under President Barack Obama in 2015 which barred internet service providers from blocking or throttling traffic, or offering paid fast lanes, also known as paid prioritization.

FCC Chairman Ajit Pai said the decision affirmed the FCC’s “decision to repeal 1930s utility-style regulation of the Internet. A free and open Internet is what we have today. A free and open Internet is what we’ll continue to have going forward.”

Enthusiastically supported by large tech companies and consumer groups, net neutrality was formally adopted by the FCC in 2015. Major telecommunications companies argued it limited their ability to offer new services to content providers, and under the Trump Administration, the FCC overturned the policy. An attempt to legislate its reinstatement failed last year, although tech trade groups are still trying in court.

California passed sweeping state net neutrality protections but agreed not to enforce the measure pending the court challenge.

The Trump administration rules were a win for internet providers like AT&T, Comcast and Verizon Communications but opposed by companies such as Facebook, Amazon and Alphabet.


Company: cnbc, Activity: cnbc, Date: 2019-10-01
Keywords: news, cnbc, companies, neutrality, setting, rules, bar, trump, companies, tech, net, court, internet, states, fcc, providers, decision


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Federal retirement savings should not fund China’s Communist Party

Yet the Federal Retirement Thrift Investment Board—the body that manages the Thrift Savings Plan (TSP), the 401(k) for federal employees—wants to funnel the retirement savings of these Americans directly to a regime that poses one of the greatest threats to our nation’s long-term security and prosperity: the Chinese Communist Party. Investable Market Index as a benchmark means TSP retirement accounts will effectively fund companies that engage in human rights abuses and support China’s efforts t


Yet the Federal Retirement Thrift Investment Board—the body that manages the Thrift Savings Plan (TSP), the 401(k) for federal employees—wants to funnel the retirement savings of these Americans directly to a regime that poses one of the greatest threats to our nation’s long-term security and prosperity: the Chinese Communist Party. Investable Market Index as a benchmark means TSP retirement accounts will effectively fund companies that engage in human rights abuses and support China’s efforts t
Federal retirement savings should not fund China’s Communist Party Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: sens marco rubio, jeanne shaheen
Keywords: news, cnbc, companies, fund, china, companies, undermine, tsp, security, chinese, communist, federal, savings, party, chinas, decision, retirement


Federal retirement savings should not fund China's Communist Party

China’s President Xi Jinping raises his glass and proposes a toast at the end of his speech during the welcome banquet for leaders attending the Belt and Road Forum at the Great Hall of the People in Beijing on April 26, 2019. Nicholas Asfouri | AFP | Getty Images

During the Cold War, it would have been unthinkable for the U.S. government to force members of the military and federal employees to invest their retirement savings in funds that included Soviet companies working against U.S. interests and values. Yet the Federal Retirement Thrift Investment Board—the body that manages the Thrift Savings Plan (TSP), the 401(k) for federal employees—wants to funnel the retirement savings of these Americans directly to a regime that poses one of the greatest threats to our nation’s long-term security and prosperity: the Chinese Communist Party. The Board’s short-sighted, foolish decision to use the MSCI All Country World ex-U.S. Investable Market Index as a benchmark means TSP retirement accounts will effectively fund companies that engage in human rights abuses and support China’s efforts to undermine America. It exposes nearly $50 billion in assets to severe and undisclosed material risks associated with many Chinese companies listed on the index.

Last month, we urged the Board to swiftly and publicly reverse its decision and provide information on how it was reached. The Board’s response was not only wholly inadequate, but also informed us that it is outsourcing its review to a Wall Street consultant. Wall Street has consistently ignored the long-term risks of transferring capital to China in pursuit of short-term gains. Despite the clear risks, the Board and its outsourced advisors failed to consider the national security implications of the decision to transfer TSP funds to Beijing. Many Chinese companies included in MSCI indexes are state-owned or state-directed enterprises Beijing uses to undermine American workers. They are also involved in China’s military, espionage, human rights abuses, and “Made in China 2025” industrial policy.

The Board’s short-sighted, foolish decision to use the MSCI All Country World ex-U.S. Investable Market Index as a benchmark means TSP retirement accounts will effectively fund companies that engage in human rights abuses and support China’s efforts to undermine America.

One such company is Hikvision, a state-run technology firm that supplies surveillance cameras used in Xinjiang to monitor Uyghurs and other groups brutally oppressed by China. Constituent entities of Hikvision’s controlling shareholder, the China Electronics Technology Group Corporation, were added to the U.S. Commerce Department’s Entity List last year for “acting contrary to the national security or foreign policy interests of the United States.” As of August 2019, the U.S. government is prohibited from procuring equipment from Hikvision and next year will implement a statutory ban on federal contracts with businesses using the company’s equipment or services. Several companies our federal workers could potentially invest in are also engaged in flagrant violations of U.S. laws, including Aviation Industry Corporation of China (AVIC), which U.S. Trade Representative Robert Lighthizer has described as “the sole domestic supplier” of bombers, fighter jets, and other aircraft for the People’s Liberation Army. The U.S. government has repeatedly sanctioned AVIC and its subsidiaries for proliferation activities. Similarly, Zhongxing Telecommunications Equipment Corporation, or ZTE, has violated U.S. law frequently enough to be banned across U.S. government agencies by the FY 2019 National Defense Authorization Act. Congress and the administration are actively working to counter the long-term threats these companies pose, many of which will soon receive investments directly from the paychecks of our own federal government employees. America’s investors should never be a source of wealth funding the Chinese Communist Party at the expense of our nation’s future prosperity. If the Board refuses to publicly reverse this decision, Congress must act.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: sens marco rubio, jeanne shaheen
Keywords: news, cnbc, companies, fund, china, companies, undermine, tsp, security, chinese, communist, federal, savings, party, chinas, decision, retirement


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Stocks in Asia mixed as investors await ECB interest rate decision; Apple suppliers mostly jump

Shares in Asia were mixed on Wednesday as investors awaited the European central bank’s interest rate decision later in the week. Mainland Chinese shares were lower on the day, with the Shenzhen component declining 0.935% to about 1,671.54 and the Shenzhen composite down 1.12% to 9,853.72. Meanwhile, Hong Kong’s Hang Seng index rose 1.51%, as of its final hour of trading. Elsewhere in Japan, the Nikkei 225 rose 0.96% to close at 21,597.76 while the Topix index gained 1.65% on the day to 1,583.66


Shares in Asia were mixed on Wednesday as investors awaited the European central bank’s interest rate decision later in the week. Mainland Chinese shares were lower on the day, with the Shenzhen component declining 0.935% to about 1,671.54 and the Shenzhen composite down 1.12% to 9,853.72. Meanwhile, Hong Kong’s Hang Seng index rose 1.51%, as of its final hour of trading. Elsewhere in Japan, the Nikkei 225 rose 0.96% to close at 21,597.76 while the Topix index gained 1.65% on the day to 1,583.66
Stocks in Asia mixed as investors await ECB interest rate decision; Apple suppliers mostly jump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, decision, tariffs, shares, rose, asia, index, ecb, shenzhen, investors, rate, day, south, china, mixed, suppliers, interest, jump, await, composite


Stocks in Asia mixed as investors await ECB interest rate decision; Apple suppliers mostly jump

Shares in Asia were mixed on Wednesday as investors awaited the European central bank’s interest rate decision later in the week.

Mainland Chinese shares were lower on the day, with the Shenzhen component declining 0.935% to about 1,671.54 and the Shenzhen composite down 1.12% to 9,853.72. The Shanghai composite slipped 0.41% to around 3,008.81. Meanwhile, Hong Kong’s Hang Seng index rose 1.51%, as of its final hour of trading.

Elsewhere in Japan, the Nikkei 225 rose 0.96% to close at 21,597.76 while the Topix index gained 1.65% on the day to 1,583.66. South Korea’s Kospi closed 0.84% higher at 2,049.20. Over in Australia, the S&P/ASX 200 advanced 0.36% to end its trading day at 6,638.00.

Overall, the MSCI Asia ex-Japan index rose 0.64%.

On the trade front, China’s Ministry of Finance announced that 16 American products will be exempted from additional tariffs. On Tuesday, the South China Morning Post reported that China has offered to increase U.S. agricultural purchases in exchange for a delay in tariffs and easing of a supply ban against telecommunications giant Huawei Technologies.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, decision, tariffs, shares, rose, asia, index, ecb, shenzhen, investors, rate, day, south, china, mixed, suppliers, interest, jump, await, composite


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