Tag: failed

Pope says free market, trickle-down policies have failed society – Newspaper

05Oct

VATICAN CITY: Pope Francis said on Sunday that the Covid-19 pandemic was the latest crisis to prove that market forces alone and “trickle-down” economic policies had failed to produce the social benefits their proponents claim.

In an encyclical on the theme of human fraternity, Pope Francis also said private property cannot be considered an absolute right in all cases where some lived extravagantly while others had nothing.

Called “Fratelli Tutti” (Brothers All), the encyclical’s title prompted criticism for not using inclusive language after it was announced last month.

In Italian, Fratelli means brothers but it is also used to mean brothers and sisters. The Vatican said it was taken from the “Admonitions”, or guidelines, written by St Francis of Assisi in the 13th century to his followers and could not be changed.

The pope says in the first line of the 86-page encyclical that St. Francis had “addressed his brothers

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Huawei Has Failed To Resolve Security Flaws, U.K. Government Report Says

01Oct

Topline

Huawei has failed to adequately resolve security flaws in the equipment used by the U.K. telecom networks, the British government’s cyber-spy agency said in an official report released a few months after the Chinese telecom equipment-maker was barred from the country’s 5G mobile networks over security concerns.

Key Facts

The report, prepared by a U.K. government board led by a member of the cyber-intelligence agency Government Communications Headquarters (GCHQ) found that there had been no evidence that the Chinese firm has made a significant shift on the matter, the BBC reported.

The report added that while some improvements were made by Huawei, the board could only provide “limited assurance that all risks to UK national security” could be mitigated in the long-term.

The U.K. government had initiated a review of Huawei’s

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Donna Shalala failed to disclose Tegna stock sales

28Sep

WASHINGTON

Miami Democratic Rep. Donna Shalala failed to publicly report two stock sales, a violation of federal disclosure law for the second time in five months. Earlier this year, she acknowledged that she had failed to report 556 stock sales.

In the most recent failure to disclose financial information, Shalala said Monday she failed to disclose two stock sales of Tegna, a broadcast, digital media and marketing services company based in Virginia. The first sale, on April 1, 2019, was valued between $15,001 and $50,000 and the second sale, on March 31 of this year, was valued between $1,001 and $15,000. Shalala signed a federal Periodic Transaction Report on July 21, more than a year after the first sale and more than three months after the second sale.

The transactions were not publicly reported as required by the STOCK Act, a 2012 law that prohibits members of Congress and their

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