As the world expressed outrage at the widely distributed video of United Airlines staff physically abusing a man who refused to surrender his properly paid for and allocated seat because the airline decided to bounce four people so that it could move its own staff from Chicago to Louisville, the company's CEO, Oscar MUNOZ issued a statement. Then he tried again. And then, as the company's share price began to fall, again. It was only in the third statement that he came close to an apology for the brutality.
It takes a special kind of stupid to let a passenger board an aircraft, take his seat - and then tell him to get off because the flight is over-booked. But that is nothing compared to sending three large "security" officers to physically drag him, kicking and screaming, off the plane.
Malaysia is no stranger to the type of aircraft accident where a plane skids off the runway. It's barely news because low speed slithering in very wet conditions puts the plane part way onto the grass and after it's been towed out and the undercarriage checked, it's back to business as usual. So why has Saturday's incident at Sibu take so long to clear and why is there concern to ensure a "thorough investigation"?
There is a delicious irony in seeing Jorge Lorenzo's arrival at Ducati going from bad to worse: he capitalised on and ridiculed Rossi's dalliance with the Italian team joining it only after all the hard work had been done, or so it seemed. But a dismal qualifying and a failure to get round the first corner (which in typical style Lorenzo sought to blame someone else for) coupled with Rossi's average qualifying and scintillating race performance shows that karma is often right.
Norway's sovereign wealth fund, Norges Bank Investment Management (NBIM) part of the Norwegian Central Bank, is reported to be "by far the largest in the world" and it's not happy with declining returns on its investment. Companies, it says, are granting salary and bonus packages that deplete companies' resources and promote short-termism in management. It says that C level executives should be properly remunerated but that dashing the cash isn't the way to do it.
According to urbandictionary.com "SJW" is a pejorative term " for an individual promoting socially progressive views, including feminism, civil rights, multiculturalism, and identity politics." Apparently, the term has mutated from a positive term for social and political activist to become regarded in a negative light. Who's right? And is this power grab in Society's interest? Or do we need to take an Oddball lesson?
In the past 25 years or so, the level of professionalism in the solicitors branch has fallen dramatically as thieves, vagabonds, chancers and businessmen, "right-on" campaigners and the barely literate have taken over the once proud profession. But there have, generally, been beacons that remind us what the Profession shoulda, coulda, woulda become if the correct decisions had been made by government and the self-regulatory bodies that control it. One of those has always been Clyde & Co. How, then, has this (in City terms) small, highly professional outfit, ended up before the Solicitors Disciplinary Tribunal and the firm, and three partners, being fined? And what lessons are there for other law firms? (updated)
Yes, yes, yes, we all know: HSBC is officially a UK bank except we all know it isn't. Not really. Yes, it has a big office in London and because of Stock Market rules its big bosses all have desks there but in truth, HSBC is still what it says on the tin. Even the Shanghai bit is coming back into use. So when HSBC in Hong Kong announced that it is starting to collect more detailed Know Your Customer information, it's good to take notice. And one reason it's good to take notice is that almost every other bank in the world is going to have to follow the HSBC lead as Compliance/Risk Management decisions inform business direction. And if they don't, they face appearing on a new OECD blacklist, an OFAC list and many more.
There are two questions to ask about the Solicitors' Regulatory Authority's action in relation to solicitors company Asons: the first is whether it was a "South Korea" moment - where there were so many questions, that they had no choice and secondly, if those questions had merit, how has it taken so long? The bottom line is that suspicious activity and behaviour was utterly rife: why do regulators adopt a lower standard in this area than they expect those they supervise to adopt in relation to money laundering?
The power of one individual to cause massive disruption by the abuse of a religious slur has been demonstrated by loss of an estimated GBP100,000 in just one month by BATA, Malaysia. It's just the latest in false or ludicrous accusations in the country by a small minority claiming to be protecting Islam and causing division, dissent and a major sense of humour failure.