Yemen, one of the Arab world's poorest countries, has been devastated by a civil war. Here we explain what is fuelling the fighting, and who is involved.How did the war start?The conflict has its roots in the failure of a political transition supposed to bring stability to Yemen following an Arab Spring uprising that forced its longtime authoritarian president, Ali Abdullah Saleh, to hand over power to his deputy, Abdrabbuh Mansour Hadi, in 2011.As president, Mr Hadi struggled to deal with a variety of problems, including attacks by jihadists, a separatist movement in the south, the continuing loyalty of security personnel to Saleh, as well as corruption, unemployment and food insecurity.The Houthi movement, which champions Yemen's Zaidi Shia Muslim minority and fought a series of rebellions against Saleh during the previous decade, took advantage of the new president's weakness by taking control of their northern heartland of Saada province and neighbouring areas.Disillusioned with … [Read more...] about Yemen crisis: Why is there a war?
Why is financial reporting important
WITH its usual smugness, the BBC declared at the end of last year that it was on a mission “to counter fake news” by standing up “for trust, accuracy, and integrity.” Yet, when it comes to dodgy coverage, the Corporation can be one of the worst offenders. Paid for by the whopping £3.8 billion that our TV licence fee raises annually, the BBC is tasked with providing a public service - 'to inform, educate and entertain'. Yet a number of recent news stories have shed light on an uncomfortable truth: that, far from 'informing' the public, our national broadcaster is guilty of spreading misinformation.As our best-funded, most important broadcaster, one of its central tenets should be political impartiality - so why is the BBC peddling left-wing propaganda rather than reporting the news? Nowhere is this bias clearer than in its analysis of welfare reform. Ever since the Tories came to power in 2010, the BBC has kept up a barrage of wailing about the misery … [Read more...] about Why is the BBC spending £3.8billion of our licence fee money spreading fake left-wing news?
Opinion: What state Rep. Eddie Farnsworth is doing won't cost a penny more to educate students in well performing schools. Isn't that important? If someone makes big bucks creating and running a successful charter school chain, is that per se a scandal? The wide belief that it is illustrates the extent to which charter schools as government contractors, providing a service for a set fee, hasn’t been accepted. The latest scandal is supposedly state legislator Eddie Farnsworth selling schools his for-profit charter company developed to a non-profit that he probably will still manage. A news account said this transaction means that “taxpayers will have paid for the same schools twice.” I guess that’s one way of looking at it. But it’s not really what’s going on. Charter schools operators take the risk When a school district opens up a new school, taxpayers actually do pay for it, either through a grant from the state School Facilities Board or a … [Read more...] about If an Arizona charter school makes big bucks on education, why is that a scandal?
Corrections & Clarifications: An earlier version of this column misstated the percentage points that Blacks, Hispanics and Native Americans are under-represented in the tech industry compared to the U.S. labor force. When Apple and over 90 tech companies filed an amicus brief in opposition to President Donald Trump’s immigration moratorium, I was dumbfounded to see an industry wade into a political debate in the name of protecting diversity in our country, when that same industry has done so little to foster diversity and inclusion in its own ranks among senior management and boards. It’s a problem that’s been on my mind ever since my teenage son asked me why Apple’s board was almost entirely white. It was one of those unintentionally rhetorical questions that only a child could ask; one which I did not have an answer for. I knew my son deserved a valid answer, so in 2015 I submitted … [Read more...] about My Hispanic son: Why is Apple so white at the top?
David Zaring is an associate professor of legal studies & business ethics at The Wharton School of the University of Pennsylvania. The opinions expressed in this commentary are his own. This story originally published on August 23, 2018. President Donald Trump has asked the SEC to consider requiring publicly traded companies to disclose results twice per year, rather than quarterly. "That would allow greater flexibility & save money. I have asked the SEC to study!" he tweeted last week. He's not the only one to favor the idea. Executives of publicly traded companies often complain about the short-termism wrought by quarterly reporting requirements. Indra Nooyi, the soon-to-be-retired CEO of Pepsi, suggested a harmonization with the European financial system, which did away with mandatory quarterly reporting in 2013. Elon Musk, the CEO of Tesla, has complained bitterly about the importance of meeting quarterly earnings targets. Warren Buffett and Jamie Dimon have also come … [Read more...] about Why quarterly earnings reports are a necessary evil