Archive for June, 2020

KKR co-CEO Henry Kravis says 80% of the companies it controls have at least two directors with diverse backgrounds – CNBC

Private equity firm KKR'sco-chief executive officer and co-founder, Henry Kravis, said80% of companies that it controls now have at least two board directors with diverse backgrounds.

The firm set out to reach that threshold a few years ago and accomplished that in the first quarter of 2020, Kravis told CNBC's Seema Mody on "The Exchange."

"It has to start at the top. If it's not a priority for a CEO, it's not going to happen in my view," Kravis said. "At KKR ... it's been a priority for a while. We want diversity of gender, ethnicity and thought, and we get [a] better thinking and working environment if you have that diversity."

KKR has been busy allocating money over the past few months, investing $18 billion since the coronavirus pandemic hit in several companies including makeup firm Coty and Indian digital company Jio.

Kravis said beyond hiring minority talent, unveiling programs like unconscious bias training is important.

KKR has been a big supporter of Sponsors for Educational Opportunity over the past years, and Kravis has been chair of SEO's board since 2014.

SEO has two main programs one is the Scholars program that helps low-income high school students get into college with a 90% success rate. Perhaps most notable to Wall Street is SEO's Careers program, which helps minority graduates get placed at top Wall Street firms, including investment banks and private equity. Other backers include JPMorgan, Carlyle, TPG Capital and Bank of America, among others.

SEO CEO William Goodloe said on "The Exchange" that his candidates go through intense training and are provided guidance around how to navigate the interview process at these firms.

As Wall Street addresses the lack of diversity in the workplace, Goodloe said he's seeing strong inbound requests from investment firms, including Silver Lake Partners.

The ongoing nationwide protestsfollowing the death of George Floyd have put pressure on Wall Street to increase diversity. Currently, fewer than 17% of board seats at financial services companies were held by minorities, according to consulting firm Deloitte.

More broadly in corporate America, the lack of diversity is prevalent especially among the higher-ups. About 64% of workers in entry-level positions are white, while in the top executive ranks, 85% of positions are held by whites, according to data from human resources consulting company Mercer.

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KKR co-CEO Henry Kravis says 80% of the companies it controls have at least two directors with diverse backgrounds - CNBC

The six best online jobs to consider according to Adzuna – The South African

With South Africas workforce in a less-than-desirable state, a lot of people have been forced to look for work-from-home positions. These kinds of roles offer you the flexibility to work from home while tending to your other commitments, says Adzuna who runs a search engine for job advertisements in SA and other places in the world.

Adzuna previously recorded data depicting the ten highest-paying second languages of 2019 and looked at the best city to find a job in SA. Now, they are considering what kind of online jobs are the best paid. Heres what they found:

For many, online gigs dont seem like the best paying career options. Weve all heard of job scams that require some kind of registration fee upfront, and nobody wants to fall down that rabbit hole. Adzuna did some digging and found a handful of great paying online jobs that you might want to consider right now! Heres a quick look at what you might be able to find:

Web designersare perfect for individuals that know how to code and host websites. On average, these guys (and girls) make anything between R500 and R2000 per hour, depending on what specific skills they bring to the table.

TEFLis big at the moment, and most language schools are recruiting new online English teachers right now. The great news about online jobs like these is that you dont need language-specific degrees to apply, all you need to do is to get certified inTEFL. Salaries for these jobs range between R100 and R200 per hour.

Working as a freelance writer, you could earn up to R300 per hour, and the more experience you have, the more youll be able to charge. Freelance writing jobs are on the rise in SA with a lot of companies now in need of fresh content for their websites, company profiles and blogs.

If youve got teaching qualifications, now is the time to start expanding your field of work into cyberspace. Virtual teaching is one of the best online jobs when it comes to salaries and since you do need formal training to land the job, the competition isnt as fierce either. Expect to be paid anything between R200 and R500 per hour for an online tutoring job.

Virtual assistants are great with time management and have a working knowledge of IT. They also have clerical experience and are able to juggle a thousand tasks when the need calls for it. If you love the idea of becoming a PA but need more flexibility than a 9-5 gig offers, a virtual assistant role (and pay of roughly R250 per hour) could be your ideal fit!

If youve got marketing experience, you have enough to get started in the field of SEO assistance. As an SEO expert, youll be making your clients online presence work for them, boosting their search rankings and earning anything between R200 and R600 per hour.

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The six best online jobs to consider according to Adzuna - The South African

Notice and an opportunity to be heard are part of due process of law | Ask Judge Smith – Tallahassee Democrat

J. Layne Smith, Ask Judge Smith Published 1:53 p.m. ET June 13, 2020

Judge J. Layne Smith(Photo: Judge J. Layne Smith)

The British Navy deprived Americans of their liberty by kidnapping them, placing them on British ships, and forcing them to serve the Crown or walk the plank. The British Army deprived Americans of their property by occupying their homes and eating their food without permission or compensation. These abuses served as catalysts for the Third Amendment, regarding the quartering of soldiers, and the Fifth Amendment, regarding of due process of law.

Q. Judge Smith, what is due process of law? Jules

A. Jules, a fundamental difference between the United States and other nations is our adherence to the rule of law and due process of law. Its not exaggerating to suggest we owe our many freedoms and national development to these twin pillars of the law.

The rule of law is a simple concept. The laws enacted by Congress and the state legislature apply to everyone, and no one is above or below the law. Now, lets focus on due process of law.

The original 13 colonies were founded by people who immigrated here in search of opportunity and religious freedom, and to escape over-reaching by the government. Agriculture dominated the economies of the colonies, so consider how much nerve, blind faith, and work ethic it took to establish homes, plant and harvest crops, and survive in the wilderness with no safety net.

Given these immense challenges, the people expected the government to protect their property interests rather than confiscating them. Likewise, the people expected to live free from undue government interference with their lives and liberty. Our guarantee that the government fulfills these expectations is due process of law.

Due process of law is so important that its the only substantive phrase repeated in the U.S. Constitution. The Fifth and Fourteenth Amendments, respectively, prohibit the federal government and state governments from depriving any person of life, liberty, or property, without due process of law. In this context, life involves death penalty cases, liberty involves involuntary confinements, and property involves uncompensated takings.

Before the government can take peoples lives, liberty or property, they must be put on notice and provided with an opportunity to be heard. Diligent-good-faith efforts must be made to find people and service of notice on them should be hand delivered when practical. The opportunity to be heard includes the right to counsel and a fair and impartial process. The goal is to reach just decisions on the merits.

Think of due process as a floor and not a ceiling. It provides the minimum level of protection that must be afforded. Although, perhaps we could do more, we can do no less. Every day, in courtrooms throughout America, judges safeguard the peoples right to due process of law. When courthouses reopen to the public visit one and see for yourself.

The Honorable J. Layne Smith is a Leon County Judge and author of the international bestselling book Civics, Law, and JusticeHow We Became U.S. Email your questions to askjudgesmith@gmail.com.

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J. Layne Smith's bookCivics, Law, and Justice How We Became U.S. is available on Amazon. It's currently ranked No. 1 on 13 of Amazon's bestseller lists. It's 99 cents for the ebook and $10 for the paperback.

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Notice and an opportunity to be heard are part of due process of law | Ask Judge Smith - Tallahassee Democrat

Portland Poised To Cut $15 Million From Police Budget, Commissioner Chloe Eudaly Says It’s Not Enough – OPB News

Portlands anticipated final vote on the budget for the upcoming fiscal year has been kicked to next week after a surprise no vote by Commissioner ChloeEudaly.

The vote came amid a national movement to defund police departments. Many Portlanders had been pushing for the city to cut at least $50 million from the Portland Police Bureaus budget. The most recent budget proposal had over $244 million going toward thepolice.

Thousands of people took to the streetsto protest police brutality on May 31, 2020, in Portland, Ore. The protests ultimately ended with police using tear gas and rubber bullets to disperse the crowd gathered around the Justice Center in downtownPortland.

JonathanLevinson/OPB

After a national outcry over the killing of George Floyd, the commissioners hammered out amendments to the budget related to police reform. These changes would stop money from the cannabis tax flowing into the police bureau, pull armed officers from schools, stop Portland police from being used as law enforcement on TriMet, dissolve the Gun Violence Reduction Team, and cuteight positions from the Special Emergency ReactionTeam.

All told, these amendments would cut the police bureau budget by more than $15 million, according to a tally by the City BudgetOffice.

But Eudaly, while supportive of these changes, said she felt the cuts were low-hanging fruit and didnt go far enough to address the dramatic shift in policing that so many areseeking.

I cant swallow another bitter budget pill in good conscience, she said. I voteno.

Eudaly had proposed her own amendments Thursday, but only the one redirecting cannabis funds won the support of her colleagues. Eudaly and Commissioner Jo Ann Hardesty have been vocal in their belief that money from the cannabis tax should go to people harmed by the war on drugs and not thepolice.

Eudalys other amendments the most significant of which would cut thepolice budget by an additional $4.6 million were met with silence. By the time she read her fifth amendment out loud, the commissioner appearedemotional.

The budget was being treated as an emergency ordinance, which meant, to pass, it needed four votes. Eudalys no vote meant it failed. The budget will now be voted on next week, when it will only need three votes topass.

After the vote, Hardesty released a statement calling Eudalys no vote performative allyship. She said, last year, she proposed half of what is currently on the table, including defunding the Gun Violence Reduction Team, and received no support for anyone on the Council, including Eudaly.

While we are making strides in realigning our budget with our values, this no vote does nothing to materially support our BIPOC communities, she wrote. All this does is delay the much-needed relief for ourcommunities.

Eudalys office responded saying the commissioner stands with the tens of thousands of Portlanders who have demanded bold action andwill work with the Council to achieve abudget that reflects these calls forreform.

Many in the community had been pushing for a larger cut to the police bureaus funding. Advocacy groups, including Unite Oregon and the Portland African American Leadership Forum, had created a list of demands they were urging the Council to consider amid a national uprising over police brutality. Chief among them: redirecting at least$50 million fromthe $244 million slated for the policebureau.

Those calls were echoed in two hours of testimony Thursday in the lead up to the vote. Many called for police budget cuts of $50 million, if not more, citing a need to drastically rethinkpolicing.

The foundation of our country, our state, and our city policing is racist historically used to control people of color. Its foundation is so outdated. Its rotten, said Ashley Oakley, a resident of Northeast Portland, who said they work with organizations including Native American Youth and Family Center, Self Enhancement Inc, and The Coalition of Communities ofColor.

Any sort of reframing, retraining installation or inspections we try to build on, theyre not working. We need to defund the police and build a new foundation. Personally, Ive never felt protected or served by police in Portland nor any city Ive ever livedin.

In a meeting held with reporters before the budget vote, Hardesty, a vocal advocate for police reform for three decades, expressed skepticism that this figure was the right startingpoint.

Im not sure that $50 million is based on facts, she said. If I was an advocate outside, I would be giving a big number aswell.

Hardesty noted that this is not the last time the city will be looking at the budget, and said she is willing to look at other ways to reduce the need for police. She said she expects to see this reduction with the Portland Street Response, a new pilot program for the city that will have unarmed first responders address calls concerning people experiencinghomelessness.

Hardesty also said that, unlike some of the demonstrators, she does not believe abolition of the police bureau is the answer to the systemic issues within policing. In a call over the weekend with community organizers, she stated clearly she was not anabolitionist.

Im old enough to know some people deserve to be in jail. Thats just my personal opinion. Im never going to support the total abolition, she said. What I do believe is that police are doing way too much. Theyre not mental health professionals. Theyre not housing experts. Theyre not social workers. And weve allowed them to expand their mission to the point that they think they do everything foreverybody.

As part of her budget changes, Hardesty unveiled a series of amendments that would curb the responsibilities of police. These included ending the citys agreement with TriMet, so Portland police officers would no longer serve as law enforcement on public transit; disbanding the Gun Violence Reduction Team, which investigates shootings in the city; ending the school resource officer program, so armed police no longer work in schools; and eliminating eight positions within SERT, a police team that responds to emergencyincidents.

All Hardestys amendments were supported by the Council and added to the budget. During the hearing Thursday, Hardesty thanked the thousands who have taken to the street each night for making ithappen.

I want to start by thanking the young people who have taken to the street for over two weeks, she said. I want to thank you for elevating this conversation to the point where there was no doubt that we wouldact.

Hardesty has asked that nearly $5 million from the police bureau go to the Portland StreetResponse.

Earlier this week, Mayor Ted Wheeler promised a series of reforms, including cutting the police specialty units and making a $7 million cut to the Portland Police Bureau. Wheeler said he was not offering those amendments on Thursday as similar ones were being offered by hiscolleagues.

Commissioner Amanda Fritz added amendments that made money available for a tribal liaison position with the citys Office of Governmental Relations and put more funding toward the Civil Rights Title VI Program in the Office of Equity and HumanRights.

Both Wheeler and Fritz said they approved of Hardestys amendments, which are estimated to cut $15 million from the policebureau.

Although this doesnt go as far as the communitys been asking us, it does make a significant difference, Fritzsaid.

Wheeler framed the budget as a middle ground between the call to reduce police spending by roughly one-fifth and his earlier proposal that would have pulled $7 million, roughly 3% of the policebudget.

Its not the 50, he said. But its not theseven.

The Council expects to vote on the budget again nextWednesday.

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Portland Poised To Cut $15 Million From Police Budget, Commissioner Chloe Eudaly Says It's Not Enough - OPB News

WATCH NOW: Democratic senator represents business owners suing Northam over COVID-19 restrictions – Richmond.com

Sen. Chap Petersen, D-Fairfax City, is representing two business owners in lawsuits against Gov. Ralph Northam, a Democrat, over the governors COVID-19 executive orders.

Linda Park, a restaurant owner in Fredericksburg, and Jon Tigges, a wedding venue owner in Northern Virginia, are suing Northam over the restrictions he put in place in an effort to stop the spread of the coronavirus. Representing them is Petersen, a centrist Democrat and lawyer who has been outspoken against the restrictions.

These people are going to go out of business unless theyre allowed to reopen and unless the governors orders are repealed, amended, whatever it takes, Petersen said during a news conference in Richmond on Tuesday. They werent enacted by constitutional means.

A spokeswoman for Attorney General Mark Herring said he has successfully defended Virginias COVID safety measures against numerous legal attacks, and we expect to do so again.

This year, Petersen voted against several gun control bills Northam backed. He also blocked an effort from Northam to move municipal elections scheduled for May to November because of COVID-19.

Tigges owns Zion Spring, a winery in Loudoun County that hosts social gatherings, including weddings and other private events. The business had scheduled 16 weddings for this spring and summer, representing more than half of its expected revenue for the year.

Because of the executive orders, those events have been canceled, the lawsuit says. Northams executive orders have barred large social gatherings.

Unlike restaurants and venues in other parts of the state, Tigges, located in a rural corner of Loudoun County, has not been allowed to carry on his business amongst those persons who choose to attend an event there, the complaint reads. As a direct result of the Executive Orders, the Tigges have been deprived of the beneficial use of their property, while Mr. Tigges has had his business taken.

The lawsuit, filed in federal court, said Northam went beyond his authority as governor and violated Tigges constitutional rights, specifically a clause in the Fifth Amendment that says a person should not be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

The governors action was taken under color of state law and has been enforced by officials in his administration, the complaint says. It is plainly unconstitutional.

A separate lawsuit from Park and Tigges, filed with the Supreme Court of Virginia, challenges the fact that the General Assembly was not part of the states COVID-19 restrictions.

Parks restaurant, Fujiya House in Fredericksburg, has hibachi-style dining, and the local health department has not allowed it to serve food that way, leading the restaurant to close indefinitely. Other restaurants in Virginia have been allowed to open at 50% capacity under the states Phase Two guidelines.

This closure is based solely on the meaningless distinction that the food is prepared on a hibachi grill and not in a kitchen, the lawsuit reads. Cases like Fujiya House show the ... arbitrary nature of the regulations that the governor and (State Health Commissioner Norm Oliver) are unlawfully propagating.

Sen. Steve Newman, R-Lynchburg, commended Petersen in a statement.

Its quite telling for a well-respected elected member of the Democratic Party to break ranks and say enough is enough, Newman said. Businesses and families all across the commonwealth have suffered under the rule of a single individual for the last three months. This is unacceptable and it is my hope that Senator Petersen prevails in his lawsuit, so that this governor and all future individuals who hold that office understand the limitations of their powers.

Del. Dave LaRock, R-Loudoun, attended the news conference with Petersen, Park and Tigges.

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WATCH NOW: Democratic senator represents business owners suing Northam over COVID-19 restrictions - Richmond.com