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Tag: Abandon

Biden leads in Arizona as suburban women abandon Trump

October 12, 2020
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| insurance

PHOENIX

Call it their fail-safe option.

If Joe Biden were to lose a critical Midwest battleground like Michigan or Wisconsin, Democrats are counting on Arizona to bail him out, acting as a potential replacement state with enough electoral power to prevent President Donald Trump’s re-election.

After Trump carried this emerging swing state by just over 91,000 votes four years ago, some Republicans are now already bracing for a defeat that could “cut deeply down the ballot,” as one GOP aide in state government put it.

With early voting now underway and Democrats consistently tracking Biden with a 3-to-4 point lead, the Trump campaign is planning additional visits here from the ticket as soon as this week, attempting to salvage a reliably red bastion as suburban women are turning away from the GOP in droves.

“It’s fairly close. If anybody has a slight polling advantage it would be Biden,” said Constantin

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Pension Funds Around The World Moving To Abandon Investments In Fossil Fuels

October 3, 2020
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| business

KEY POINTS

  • The New Jersey bill mandates total divestment from coal companies within two years
  • New Jersey Treasury Department, which administers the pension fund, opposes the divestment bill
  • The oil and gas sector now only accounts for about 2.5% of the market cap of the S&P 500 index

The State of New Jersey may soon order its state pension fund to divest from fossil fuels, following a long list of other state, municipal and national pension funds that have already done so.

In a recent op-ed published in the Newark Star-Ledger newspaper, Richard J. Codey (a former governor of New Jersey) and Tom Sanzillo (director of finance at the Institute for Energy Economics and Financial Analysis) wrote that it is high time for the Garden State to pull out of fossil fuel investments — for both environmental and financial reasons.

New Jersey State Senators Bob Smith and Linda Greenstein, both

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Goldman to Resume Job Cuts as Banks Abandon Covid Moratorium

October 1, 2020
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| business

(Bloomberg) — Goldman Sachs Group Inc. is resuming job cuts as the coronavirus pandemic outlasts the financial industry’s resolve to offer jittery employees stability through the economic downturn.



a sign on the side of a building: The Goldman Sachs Group Inc. logo


© Photographer: Nicky Loh/Bloomberg
The Goldman Sachs Group Inc. logo

The firm is embarking on a plan to eliminate about 1% of its workforce, or roughly 400 positions, according to people with knowledge of the matter, who asked not to be identified as the information isn’t public. The move comes even as the firm’s core trading and dealmaking businesses are booming.

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Persistent outbreaks in the U.S. are forcing the nation’s biggest banks to re-examine plans to wait out the turmoil as initially hoped. Wells Fargo & Co. and Citigroup Inc. were among the first to restart cuts after their stock prices slumped and as they face the prospect of souring loans. Even JPMorgan Chase & Co. is joining the fray

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