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http://www.reuters.com/article/us-banking-swift-crime-idUSKBN17D2TZ?il=0

http://www.reuters.com/article/us-banking-swift-crime-idUSKBN17D2TZ?il=0

SWIFT to introduce tool to spot fraudulent inter-bank messages

['Tom Bergin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Swiss authorities will introduce new automated systems to give banks another way to spot fraudulent activity within the SWIFT network, SWIFT said on Monday.\nThe automated banking and payment system is an increasingly popular method for money transfers to and from outside the countries where the SWIFT global network operates, because the transfers do not require banking regulations.\nSwiss police last month launched a pilot project to link the SWIFT network to an anonymous messaging service using the data to assess potential threats to peace, and to warn other banks of possible violence.\nSWIFT described the initiative as "an exciting step" that would help individual banks enforce “rules of engagement" and detect threats to their systems and to internal conflicts.\nIn October, Swiss bank SFr10 billion ($9.95 billion) was targeted for a massive cyber attack, which disrupted global financial markets and caused billions of dollars worth of damage.\nSwiss police launched a probe into the attack, the high-profile failure of which could have come back to haunt the bank in the future.\nThe new system will let police check if bank accounts are open to the same risk.\nPolice work with the SWIFT network to share sensitive information on the banks\' systems with the private world.\nSwiss financial institutions will also require the anonymity of their victims to be strictly adhered to, something that the system does not currently cover.\nSwiss bank officials will present new system to regulators at a seminar in April where authorities plan to set up a person-to-person inquiry.\nThe system could offer new ways for users of SWIFT to discover anomalies, the SWIFT network said.\nMarket participants were also intrigued, but the implementation of the new system would create uncertainty, it said.\nSWIFT already has a financial risk management system (FSA) which allows banks to manage legal or regulatory risks, such as the potential for criminal, financial or terrorist activity.\nThe new system will evolve significantly over the next 12 months, but many banks and technology providers have already begun to implement the system in a standardized manner in order to create a more secure environment for their customers.\nThe military-style system has been deployed by the U.S. Federal Reserve in order to keep the loan-backed securities in reserve for the U.S. military, unlike traditional SWIFT investment banking.\n(Reporting by Tom Bergin; Editing by Eric Meijer)\n']

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http://www.reuters.com/article/us-philippines-cenbank-idUSKBN17D2TG?il=0

http://www.reuters.com/article/us-philippines-cenbank-idUSKBN17D2TG?il=0

Staying the course, Duterte looks for the next best Philippine central bank chief

['Karen Lema']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BEIJING (Reuters) - Philippine President Rodrigo Duterte on Thursday presented himself as the next central bank chief, three years after he left office following a severe crackdown on corruption in a country that relies on tax evasion to fund a bloated and inefficient central bank.\nPhilippine President Rodrigo Duterte (R) waves at members of the Philippine Institute of International Finance (PII) and other dignitaries after inaugurating an economic summit in Paragon, San Fernando province November 23, 2015. REUTERS/Erik De Castro\nDuterte is in strong demand to replace his self-described successor of previous head of state Arsenio Hirono, a former diplomat who was outed by Duterte as part of an opaque warrantless wiretapping program.\nThe radical reforms being touted by Duterte as allowing better public investment and cutting corruption have raised calls for him to give up power. His latest comments on nationalizing a drugs trafficking cartel, however, seem to have posed few moral and political risks for his successor as Philippine shares have been volatile.\n“Duterte’s conduct during his first full term was clear and a testimony to his consistency and openness,” said Carlos Massa, an independent financial advisory firm based in Manila.\n“He is convinced he has the competent and capable central bank leadership he needs to manage the Philippine economy.”\nThe head of the Philippines International Bank, Tim Polian, first was elected president in 2009 and is the current central bank chief with whom Duterte will face if-and-when national elections are held in May. He will serve until the end of a penultimate year.\nKEEPING THE COURSE\nAs he enters his third term, Duterte’s efforts to diversify sources of income from financial services with a planned privatization of the country’s state-owned utilities should provide a fresh initiative to steer economic growth as the country is winding down its decades-long war against drugs.\n“If the administration sees an opportunity to further diversify, Duterte has the credibility and have the confidence to manage the bank,” said Massa.\nUnder Duterte, government expenditure on public investment has risen 40 percent per year for the past 10 years. Last year, spending for public investment rose 23 percent, much higher than the previous year.\nHouseholds using government borrowing to buy materials to make telephone circuits used by telecommunications firms, for example, are richer than the 7.8 percent of households they tend to earn, business filings show.\n“It doesn’t matter if the bang for the buck is a sale of the new tax data, the money in the bank is actually local remittances,” said Takodao Nogong, an economist at HSBC in Manila.\nNogong also noted that Duterte’s talk of privatizing a mountain of confiscated U.S. government assets has raised eyebrows.\nIn his first press conference as president, Duterte said what the country needs more than anything else is to create job opportunities, boost investment and slash the current 10 percent tax on money transfers. “If we don’t have jobs and people, we will stop the healing in the great majority of the population,” he said.\nDuterte responded with more onerous taxes, including a 4.3 percent primary tax on pension funds, a 1.7 percent national minimum wage, a 14 percent real-time sales tax on cigarettes and a national sales tax on furniture and other imports.\nDuterte has been outflanked by other other countries in Latin America, where the opposition party Congress Party has dominated the economy, and the United States, where American investment has been hit by surging Asian trade.\nRISING INTEREST RATES\nDuterte has long argued that such high rates of interest rates over the past 20 years have knocked down incomes across the country.\nTax evasion has also risen while a national alert system for counter-diligence in the national corruption database helped Manila offset the effect of widespread graft.\nIn an interview last week, Duterte talked about enacting a single campaign to stop drug traffickers by forcing a successful drug deal out of existence to take the loss back to the public.\nDuterte’s comments have further drawn attention to Manila’s ongoing struggle against drug trafficking.\nA surveillance document released last month showed foreign investors — who do not get a credit check — were willing to pay 40 percent of earnings to Filipino drug traffickers in exchange for weapons and other contraband, including drugs.\n($1 = 88.0500 Philippine pesos)\n']

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http://www.reuters.com/article/us-usa-airlines-idUSKBN17D2R3

http://www.reuters.com/article/us-usa-airlines-idUSKBN17D2R3

U.S. airlines bumping fewer passengers, compensation varies

['David Shepardson and Grant Smith']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - A few days after U.S. airlines bumped thousands of passengers, many suspected they were subjected to widespread price collusion, signaling heightened competition into the aviation market.\nFILE PHOTO: Four pilot go-go dancers fall with the American Airlines Airbus A380 and take off as they move into control as the International Air Transport Association (IATA) Air Berlin branch celebrates its 80th anniversary in Berlin, Germany, September 4, 2016. REUTERS/Fabrizio Bensch/File Photo\nFor everyone else, such price collusion concerns raised an eyebrow among analysts and suppliers for some U.S. airlines. Some regulators dismissed it as no one had ever heard of it, leaving them baffled.\nStricter regulation is in everyone’s best interest, from climate change to air pollution. But judging it purely from the information it’s released to the public is hard to do with context.\nThe bookending from data on the airline industry and rail transportation is a so-called “Obvious” breakdown into the airlines’ contention that their networks are inherently unfair.\nNot surprisingly, these statements sparked a debate among aviation suppliers, from airlines who said they were happy to have their data piped through public, classified systems. The biggest issue is the complexity of a consolidated information system so often needed to defend against a common opponent, such as a supercomputer and a remote nation.\nThe obvious breakdown in those numbers is in public disclosures, so let’s step back from the argument and define it simply.\nShould airlines continue to claim they are transparent, their data breaks down in layers along with fixed reporting obligations and changing metrics such as length of flights and fuel consumption? Over time, argues Tom Arvizu, a professor of management at Arizona State University and author of the popular book “Average Sofa Sofa Sofa Sofa” (Tomarro Interplanet).\nHe points to stats and proof points to help rank airlines and charge for fuel — something that may be better measured in US$5 per bus, than US$2.\nBut when you include carbon offsets and other measures such as climate change, the data is complicated, confusing and undermonitored by regulators who have little tolerance for the secretiveness of these agreements. In countries like China, airlines are less willing to use what’s available for private use — but this nevertheless undermines transparency and the very operations of the financial system.\nAmir Arif, an analyst at rating agency A.M. Best, argues that so far this been the case with none of the airlines. He points to that context as the key reason for FAA’s focus on transparency. The authority in charge of aviation airspace is still receiving its first major update since 2013, but there are still challenges.\nHere’s how A.M. Best calculated the issue: The “Take Current” chart will show the proportion of carriers singled out and the number of cancellations as a percentage of economy unit revenue. These would more accurately be measured as the percentage of carriers chosen by FAA to be discriminated against, but the actual number of flights that they make is still too small.\nThis chart, however, might provide a road map to getting FAA to open up the daily data to everyone. You can check out one on the website of Breguet, an international travel trade group.\nTo the dismay of critics, this is an example of the “Vulnerable” compartment of a commercially based airport. “This category should be used to assess airports’ relative operational risks, not segregated charts,” Arvizu says.\nIndeed, collecting data to protect the safety of travelers would require a wide range of options, including an iPhone or tablet. Arvizu is unconvinced. Still, this model would be a necessary tool for evaluating efforts to block contraband connections. In making the case that airlines are making an irresponsible attempt to hide the truth, is that really what’s at stake?\nNO WARS FOR THE HANDS\nReducing risk is an American goal, too. For airlines, transportation of goods and services should be paramount and given the opportunity to improve those standards in the best interest of consumers.\nThe government should make efforts to promote a level playing field for aviation suppliers, which has been shifting in recent years in favor of competition. There should be accountability to monitor the integrity of an opaque system so some truly legal terms of the trade are excluded from drawing results.\nEvery passenger should feel that airlines are and will always be best suited to service by improving efficiency, not resulting in new costs and price discrimination.\n']

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http://www.reuters.com/article/us-tesla-stocks-breakingviews-idUSKBN17D25I

http://www.reuters.com/article/us-tesla-stocks-breakingviews-idUSKBN17D25I

Tesla shareholders drive off into la-la land

['Antony Currie']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SINGAPORE (Reuters) - Tesla Motors Inc’s shareholders have voted to suspend early trading until the company successfully gets to the market in six months, sending the shares tumbling 2.4 percent to a record low on Monday.\nThe stock exchange sign is seen outside a Tesla vehicle center in Tesla, California, U.S., January 31, 2018. REUTERS/Stephen Lam\nThe shareholders agreement, which followed a shareholder vote last November, gives the automaker time to file its 2018 earnings report next week.\nShares of Tesla’s parent company, Tesla Motors, on Friday said Chief Executive Elon Musk had tried to convince shareholders to approve a plan to fully wind down the company by this week, but was in no way related to the shareholder vote that has triggered the suspension.\nTesla is expected to file its 2018 financials on Friday after reporting disappointing third-quarter results on Friday, said William Gross, a portfolio manager at Warburg Pincus, noting that Musk often repeats his unplanned.\n“That’s why the people that voted on Friday in favor of the suspension haven’t filed for any elections to the board before,” Gross said.\nThe Musk “creators” will likely carry out the suspension only once stock markets regain his grip on the company, Gross said. Tesla’s stock has increased 1.5 percent this year, compared with a 3.5 percent loss for the broad S&P 500 .SPX index .MIXI.\nGross said Tesla’s revenue growth due to a surge in China may be more sustainable in the future and will likely remain in the single digits for the next five years.\nAnd even if its sales fall short of Tesla’s growth expectations, Gross expects the stock to be volatile as Tesla hires sales personnel to replace the leadership of its most experienced engineer after Musk announced last November that he would resign.\nTesla also faces competition in the high-volume electric vehicle market, in which it has more than 60,000 of its Model S vehicles, representing its largest customer base, according to the company.\n“Things could go south and there will be challenges in the market,” Gross said. “People are starting to look at Tesla differently and they’ll just worry and wait for it to come out.”\nTesla has faced some opposition in Washington, D.C., where President Donald Trump has threatened to block the government’s decision to release millions of dollars in bonds. The Trump administration says its decision to release them - up to 90 days after all bonds are expected to mature - may be influenced by congressional budget talks.\n']

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http://www.reuters.com/article/us-usa-trump-business-idUSKBN17D1ZD

http://www.reuters.com/article/us-usa-trump-business-idUSKBN17D1ZD

Trump’s message to bankers: Wall Street reform rules may be eliminated

['Jeff Mason and Sarah N. Lynch']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. President Donald Trump is warning U.S. financial institutions that the post-election efforts to pass a reform to the nation’s financial sector may be realized only if they follow through on pledges to “slow” the system’s evolution, a message floated by lobbyists on Capitol Hill on Thursday.\n“I understand that Wall Street needs to learn a lesson, and I don’t think any of us will know that it has been taught in advance of the elections,” Trump told a group of lobbyists during a conference call he hosts at the White House with CEOs, bankers and others.\n“The message was, don’t support the banks, don’t support the process, they have been derelict in their responsibility,” he said, warning that the new rules, which will take effect at the end of March, may make them less open to the public.\nTrump also said he has no plans to fix the Affordable Care Act, the 2010 law that reined in mortgage interest rates and led to the nationalization of JPMorgan Chase & Co (JPM.N), Wells Fargo & Co (WFC.N) and a number of smaller lenders.\nInstead, he wants to make sure Washington does what it can to prevent them from being caught up in the fast-changing financial system in coming months, without putting their jobs at risk.\nFor instance, people working in the U.S. insurance industry may be ineligible for employer coverage as a result of new requirements, according to an April study by the American Academy of Family Physicians and the American Bankers Association.\n“I think we’re going to see the Obama administration continue to defend the Affordable Care Act as it tries to protect the poor and struggling families,” Trump said.\nThe Financial Services Roundtable, which represents big U.S. institutions like U.S. Bank and Wells Fargo, has supported the reform. Its meeting on Thursday was the first time the group met since the election, the self-proclaimed “White House source told Reuters.\nThe group is part of the Financial Industry Regulatory Authority, the regulation agency that manages the wealth management industry, which it chairs with the aim of integrating its products.\nFRA said that while requiring some non-bank payers to give full refunds for high-interest bank overdrafts may ultimately be the next step toward reinstating losses from so-called nonpayment fees, it did not “find the changes proposals likely have the potential to materially strengthen the financial industry.”\nSuch measures could potentially slow the descent of so-called reserve banks, which are able to hold billions of dollars in securities but have been criticized as over-leveraged and undervalued.\nThe industry is mindful of some tax measures that have been discussed in Washington during the last few weeks.\nIf it is successful, Fed policy-makers and financial industry leaders may alter the Basel III rules. But doing so could raise concerns among some bankers that the U.S. financial system is too risky.\n']

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http://www.reuters.com/article/us-california-shooting-idUSKBN17D258

http://www.reuters.com/article/us-california-shooting-idUSKBN17D258

Police probe motives behind fatal San Bernardino classroom shooting

['Olga Grigoryants']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN DIEGO (Reuters) - The motive behind a shooting on Saturday that killed at least 11 people and wounded 16 in San Bernardino County is “alleged” but authorities said they were pursuing the possible killer.\nA still image shows school children following the shooting at San Bernardino Elementary School in Redlands, California in this file photograph taken January 31, 2017. REUTERS/Aaron Fernandez/Files\nDeputy Sheriff Mike Ramos said authorities have not determined a motive for the shooting, which is still under investigation but investigators are looking at what is known in law enforcement about the circumstances of the incident and what types of weapons were used.\nAll of the victims were from the 33rd district of San Bernardino, where the school had been for days, Ramos said. At least one of the victims was a 10-year-old boy.\n“It’s a tragedy, so we are seeking to find out what they did,” he said.\nEight people were shot and killed at a possible off-campus residence, which has taken on a nationwide digital component, and five people were injured.\nThe victims ranged in age from 16 to 40, and many of them live in or near Yucaipa, an area of about 80,000 people surrounding San Bernardino. The 15 schoolmates were among the dead.\nSchools spokeswoman Bernice Cervantes-Anus said the district had not yet determined a motive for the shooting. There was no information on additional students who were wounded, she said.\nAuthorities evacuated a populated area near Yucaipa High School on Saturday evening as San Bernardino County Fire Chief Ralph Wilson said shots rang out about 4 p.m.\nThe victim was identified as 28-year-old suspect No. 1. A person who answered the door who identified themselves as a neighbor said all the shootings were in the neighborhood.\nREDLANDS ACTIVE TEACHER KILLED\nOf the victims, the 12 students were from the Washington-based global Leadership Academy in Rancho Cucamonga, the office said. That school has about 20 student zones.\nTwo days ago a woman identified as the mother of one of the victims was shot dead in San Bernardino in what police said was a battery-style attack. She was identified as 37-year-old Yvette Herrera.\nHerrera was among many U.S. students who heard a loud boom and then saw the white SUV that had engulfed them carrying the dead children on fire.\n“This is not a random act of violence,” San Bernardino County Sheriff’s Lt. Victor Rosado said on Saturday. “This tragedy is not random, this tragedy is a terrorist attack.”\nPamela Moore, the mother of one of the victims, said a man she did not know was trying to break into her home. Her son James Moore, however, said James is not a violent person.\n“He’s a good boy and he never cussed. He was going to go get his gun. He had just gotten a photo for his certificate.”\nHours earlier, another gunman opened fire, hitting an elementary school teacher in the San Bernardino area, according to local television station KPIX-TV.\nChris Flores, chief business officer for the National Guard in San Bernardino, said he and other officials in Northern California were attempting to administer first aid to the injured.\nAn added concern is that some of the more active shooters who have drawn national attention are armed.\nBut the state of security is a priority, Deputy Auditor of Public Safety Phil Cozen said.\n“People have to keep an eye on our resources,” he said. “Before you start shooting, have a team of people with the responsibility of going out to the front and be on the scene with to go get to the shots.”\n']

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http://www.reuters.com/article/us-soccer-champions-dor-mon-blast-idUSKBN17D2D0

http://www.reuters.com/article/us-soccer-champions-dor-mon-blast-idUSKBN17D2D0

Blasts hit Borussia Dortmund soccer team’s bus, leaving player hurt

['Kai Pfaffenbach']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BERLIN (Reuters) - A crowd of around 5,000 people surrounded the Borussia Dortmund soccer team’s bus, shouting “Shame” and shaking its windows, after the Nazis torched it near the city centre in Nazi-occupied Germany on Tuesday.\nPlayers and staff at the bus, which left Dortmund’s stadium following a 3-1 loss to Bayern Munich in the Bundesliga on Saturday, could be seen being punched and tattered.\nThe incident took place at around 1:30 p.m. local time as the bus was leaving the stadium to take part in the Champions League.\n“The people were angry, they were crying,” Dortmund coach Sven Bender said. “They lost interest in the country.\n“Who ever saw people with injuries and buses coming towards us, wouldn’t they be furious?”\nThe bus was packed with players from Germany’s premier club Bayern. Around 40 other people, wearing jerseys with the team logo, were also on the bus.\n“They ran out of the building,” Dortmund spokesman Anke Schafering said. “Everyone in the stadium was upset.”\n“The van did not stop, it drove back and back up.”\nAt least 10 people were injured.\nThe FA will investigate the incident, Dortmund spokesman Hans-Peter Rohde said.\nIn Berlin, fans of Dortmund, one of the world’s best-ever German football teams, gathered around the bus chanting “Nazis don’t want you in the German army”.\nOutside Dortmund’s football stadium, fans chanted “Dortmund beat Bayern”, referring to the Nazi regime that occupied the city.\n“They tried to hurt our brand,” said baseball fans, who held “Seutsch”, a reference to the German phrase “shoulders of Hitler”.\n“They were going to take up arms against the football team. But then, we saw the film in which they were trying to take up arms.”\nBoth the Associated Press and Sky quoted witnesses who said the bus hit the driver, who then fled the scene and was later held by police.\n']

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http://www.reuters.com/article/us-guantanamo-cancer-lawsuit-idUSKBN17D2N2

http://www.reuters.com/article/us-guantanamo-cancer-lawsuit-idUSKBN17D2N2

Lawyers working at Guantanamo sue Pentagon over cancer risk

['Jonathan Stempel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Lawyers and former military personnel working at the U.S. military base at Guantanamo Bay, Cuba, are suing the Pentagon for damages from weapons-related toxins, including cancer, that it says could be put to use in wars.\nFILE PHOTO: A medical marijuana mask shows the plant used in medical marijuana preparation outside the U.S. Marine Corps' Military Medical Center in Chicago, Illinois, U.S., November 9, 2016. REUTERS/Jim Young/File Photo\nThe lawyers, Steven Schwartz and Susan Grossman of the Chicago law firm Steptoe & Johnson LLP, filed the lawsuit in a federal court in Washington state on Friday. The suit claims the Pritzker-owned facility is the deadliest U.S. cancer center and that an allied anti-communist group in Cuba is responsible for damage to the facility.\nThe Pentagon’s Defense Health Department did not immediately respond to a request for comment.\nOver the past several months, private lawsuits have been filed against various U.S. military facilities in Cuba, including Guantanamo. The Defense Department estimates that in 2017 it lost at least 750 men and women in 25 post-traumatic stress disorder and suicide attempts to their loved ones at a facility in Cuba. That figure is an estimate of future losses, not a total.\nIn 2001, the Pentagon sued Am3 Technologies, based in Rochester, New York, for causing “injured and dislocated personnel.” Am3 filed a separate lawsuit last year.\nSimilar federal lawsuits, filed last year, involve U.S. troops and sailors who served in Iraq and Afghanistan.\nIt is not clear whether the Pentagon has been unsuccessful in rejecting the law’s claims against the military operations. U.S. troops in Afghanistan face a strategy to keep out foreign terrorists and proxies who might have intentions of attacking them.\nAdditionally, some officials in Afghanistan’s civilian government regard the military operation as a potential recruiting tool for recruitment from militant Islamists.\n"]

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http://www.reuters.com/article/us-new-york-budget-tuition-idUSKBN17D2KL

http://www.reuters.com/article/us-new-york-budget-tuition-idUSKBN17D2KL

New York rolling out free tuition plan for many students

['Gina Cherelus']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CHICAGO (Reuters) - In the New York City area, the state is rolling out its first universal free tuition plan for first-time and graduating students, along with a charter school system for their fellow students.\nProposed by Democratic Governor Andrew Cuomo, the new, statewide tuition plan would, among other things, guarantee long-term residency in the United States, allowing New York City to charge more than 10 percent tuition for students who enroll in traditional public schools.\nThe plan is scheduled to start being phased in soon to a nearly 300,000-person community college district in 20 communities statewide, according to the state’s Department of Finance.\nA proposal to change the status of city colleges to run independently was also proposed earlier this month. Last month, the Department of Financial Aid approved new accounting practices for grant payments, eliminating a state requirement that paid out by the end of the first year.\nOnly pre-kindergarten-eligible students would be covered by the New York Free Public School Program, said Liesl Atherton, executive director of the New York Free Public School Project. Only those who enroll in the state-run programs would get subsidized loans from the state, she said.\nNew York State has nine charter schools, which are essentially community colleges with high tuition rates.\nThis year, they will take enrollment up to 36,500 students from other districts. Beginning in early 2021, they would be funded through existing state aid programs, followed by new costs and hours that would mostly be covered by additional increases or fees, Atherton said.\nAndrew Farrell, the head of New York’s administration, said the state would expand the options for graduating students in the program, from individual high school diplomas and spring preferred diplomas to elementary certificates, sophomore scholarships and full-time scholarships.\nThe cost of three days of free tuition at a public high school would rise by 2 percent, Atherton said.\nOver the past decade, the state has allocated about $1.5 billion a year to school districts to help school districts meet enrollment goals, many of which are more expensive than traditional public schools, Farrell said.\n“We believe that attracting affluent, liberal-arts students to school is key to keeping New York City growing,” Farrell said in a statement.\nThe province of New York will charge a five percent tax on college tuition, and then gradually raise tuition fees from $1,500 to $3,500 for people and $2,500 to $3,000 per individual.\nThe rate has been increasing and maintaining it for about 20 years, Rokalhepar, spokesman for Empire State Development, said. The initiative will prevent some charter schools from serving certain districts and provide a few more districts with options, he said.\nAfter the changes are finalized, fees will also be added for students who enroll through the public school system, he said.\nThe program is open to students with graduated licenses who have completed high school before their parents’ signing up for the free public school, Atherton said.\nCuomo’s proposal has drawn criticism, from the American Federation of Teachers and school districts across the country that have found their own struggles with preparing students for jobs.\nThe layoffs related to the program were more than 50 percent of them, Atherton said.\nNearly two-thirds of students with free public school materials have taken classes in the state’s new system, Atherton said.\nIn Washington, a four-day public charter school program in Tri-State Area was one of the first states to adopt the New York plan, Atherton said. The plan includes teachers’ union-mandated background checks and solidifying college waivers that teachers typically find difficult to fill at state-run schools.\n']

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http://www.reuters.com/article/us-france-election-idUSKBN17D18R

http://www.reuters.com/article/us-france-election-idUSKBN17D18R

Macron, Le Pen hold French election lead but investors eye Melenchon surge

['Richard Balmforth']

01-01-2021

reuters.com

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