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10th Annual J.P. Morgan/Robin Hood Investors Conference Announces Speaker Lineup

10th Annual J.P. Morgan/Robin Hood Investors Conference Announces Speaker Lineup
PR Newswire
NEW YORK, Sept. 15, 2022

Speakers Include Larry Fink, Dr. Ben S. Bernanke, Larry Summers, and Philippe Laffont, interviewed by Mary Callahan Erdoes
New Lea…

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10th Annual J.P. Morgan/Robin Hood Investors Conference Announces Speaker Lineup

PR Newswire

Speakers Include Larry Fink, Dr. Ben S. Bernanke, Larry Summers, and Philippe Laffont, interviewed by Mary Callahan Erdoes

New Learning from Legends tactical investment sessions offer actionable advice from industry titans like Paul Tudor Jones II, John A. Griffin, Jon Gray, and Paul Singer

NEW YORK, Sept. 15, 2022 /PRNewswire/ -- Robin Hood, New York's largest local poverty-fighting philanthropy, has announced the speaker lineup for its 10th annual J.P. Morgan/Robin Hood Investors Conference. Returning in-person after two years in a virtual setting, the conference will be held on October 11-12, 2022, in New York City at Spring Studios, offering attendees investment insights, market perspectives, and strategies from the leading names in business, investing, and policy.

All proceeds from the conference fund programs that permanently move people out of poverty. Over the past decade, the J.P. Morgan/Robin Hood Investors Conference has raised more than $48 million.

The conference is renowned for the number of quality of speakers on stage, drawing on the expertise of more than three dozen experts from finance, government, and academia. This year's conference will feature sessions with Sam Bankman-FriedFTX; Larry FinkBlackRock; Michael NovogratzGalaxyDivya Nettimi, Avala GlobalNouriel RoubiniRoubini Macro Associates; Kim Y. LewColumbia Investment Management Company; Ken GriffinCitadelDr. Ben S. BernankeThe Brookings Institution; David EinhornGreenlight CapitalLarry Robbins, Glenview Capital Management; and Lawrence H. SummersHarvard University, among others. A complete listing of speakers and sessions is here, and the conference agenda will be regularly updated as speakers are added.

"The annual J.P. Morgan/Robin Hood Investors Conference brings together some of the biggest names in the market for what is truly a one-of-a-kind event," said Richard Buery, Jr., CEO at Robin Hood. "Robin Hood is grateful for J.P. Morgan's continued support on this amazing event, where all ticket sales go towards making New Yorkers stronger and our city a center of opportunity for all." 

Additionally, new to this year's program are a group of exclusive tactical sessions—Learning from Legends—taught by some of the top investors in the world. Attendees will learn the winning investment strategies that made industry titans like Paul Tudor Jones II, John A. Griffin, Jon Gray, and Paul Singer living legends.

"J.P. Morgan is proud to continue supporting Robin Hood's fight against poverty through our underwriting of this conference," said Mary Callahan Erdoes, CEO of J.P. Morgan Asset & Wealth Management. "J.P. Morgan and Robin Hood have a shared vision and commitment to see New York realize its reputation as the city that makes dreams come true, and the money raised at our annual investors conference can help make that goal a reality." 

Robin Hood is working to make New York City the greatest engine of opportunity in the world. Each dollar raised through ticket sales for the J.P. Morgan/Robin Hood Investors Conference will go towards its mission to give every New Yorker a fair shot by fueling their permanent escape from poverty, funding Robin Hood's grantmaking and partnerships across the public and private sectors and forging real change in the lives of real New Yorkers.

Please visit the conference website to purchase tickets to this year's event. Sales will remain open through October 11th.

About Robin Hood
Robin Hood has been fighting poverty in New York City since 1988. Because Robin Hood's board covers all overhead, 100% of every donation goes directly to the poverty fight. Last year, Robin Hood awarded $172 million in grants, filling a critical void during the COVID-19 pandemic by providing cash assistance, meals, housing, healthcare, education, and other urgent needs to one million New Yorkers impacted by COVID-19, as well as funding an array of programs and initiatives developed to elevate families out of poverty in New York City. Follow the organization on Twitter @RobinHoodNYC and learn more at www.robinhood.org.

About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $3.8 trillion in assets and $286.1 billion in stockholders' equity as of June 30, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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SOURCE Robin Hood

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Uncategorized

Costco brings back a food court fan favorite

The warehouse club only makes changes to its food court offerings on very rare occasions.

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Costco customers don't like change, at least in certain parts of the retailers' warehouse clubs.

While ever-changing merchandise is actually a popular part of why some people shop at the retailer, there are some sacred cows that never change. Member (and company executives) have been fiercely protective of its $1.50 hot dog and soda combination sold at its food courts while the company literally bought a chicken farm to be able to continue selling its famed $4.99 rotisserie chicken.

Related: Discount retailer faces Chapter 11 bankruptcy or liquidation

Those items are more or less gimmicks. No person, even a Costco loyalist, would flip out if the chain raised the price of the hot dog combo to $2 or if it started charging $5.99 for chicken. Both would remain good deals and while there would be a flood of news stories, the vast majority of members would pay the increased prices without flinching. 

Costco (COST) , however, has made those two price points points of pride that it will lose money to protect, Both of those deals likely drive stories traffic and the chain probably still makes money on the hot dog combo while the chicken serves as a loss leader.

In a broad sense, the hot dog combo serves as a sort of symbolic reminder of how protective the company is of its food court. Items rarely change and when the warehouse club does take something off the menu (or adds something new) it reverberates with members.

Costco recently changed how it packages its famed rotisserie chickens.

Image source: Shutterstock

Costco brings a food court fan-favorite back

Costco very rarely changes its food court offerings, but it does happen. It recently dropped its churros and replaced them with chocolate chip cookies. It also has replaced its roast beef sandwich with a cheaper turkey sandwich.

During the pandemic, however, the warehouse club stopped selling a true fan favorite its combo pizza. Essentially an "everything" pizza, the once-popular pie had a variety of meat and vegetable toppings.

The removal of the Combo Pizza even led to a Change.org petition.

"Costco’s Combination Pizza is the most popular pizza variant and overall item at the Costco Food Court. It is a delectable combination of meaty goodness and vegetable crunchiness. Unlike a straight pepperoni or cheese pizza, the combo pizza ignites a party of tremendous flavor in the mouths of millions of Costco membership holders," the petition reads.

Over 18,000 people have signed the document which has a stated goal of 25,000 signatures, The petitioners seem very impassioned about the popular pizza.

"Countless Costco members and membership families have sworn to not renew their membership with Costco due to this travesty. Costco must realize that without its members, there would be no profits for them to be concerned about in the first place," the writeup continued.

Costco appears to have listened

While its a tiny fraction of Costco's membership, the people signing the petition likely represent a larger number of the chain's members who miss the Combo Pizza. The retailer appears to have heard their complaints and is bringing the popular item back, but maybe not in the way members want it. 

"According to an alleged employee who took to the popular Costco subreddit, the combo pizza is slated to make its glorious return—but it won't be in the food court. Unfortunately (or fortunately, depending on how you look at it) the pizza will actually be frozen this time around and sold as a take-and-bake option instead," Parade shared.

Members won't be able to eat the pizza at the Costco food court, but they will be able to take it home and bake it in their own ovens. That's a compromise that keeps the food court menu simple and cuts down on waste.

It may not, however, appease the very passionate petitioners.

"The termination of combo pizza from Costco Food Courts nationwide is not only saddening, but total madness, and just straight up WRONG. Costco corporate cites profit and cost concerns, but they could’ve dealt with the issue easily via a price increase. Fans of the combo pizza would have gladly paid the price to continue to enjoy it," the petition filers shared on Change.org.

  

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International

Big shipping company files for Chapter 11 bankruptcy

Parts of the company have also filed a rare Chapter 15 bankruptcy.

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The covid pandemic decimated the supply chain. People needed goods — perhaps more than they ever had — but factories and warehouses struggled to keep up due to workers being sick and social distancing rules.

Truck drivers still did their jobs but, in many cases, the support systems they relied on were not operational. Rest stops and restaurants were closed and even finding an operating bathroom was a challenge.

Related: Discount retailer faces Chapter 11 bankruptcy or liquidation

It was a period that created some opportunity as the demands of the entire nation shifted, but it also increased costs. Trucks were waiting to be loaded, drivers were unable to hit the toad because they, or someone close to them, got sick, and the entire industry was under stress.

A number of regional carriers have since been driven into bankruptcy and, now, a major carrier has filed for Chapter 11 bankruptcy with parts of its filing falling under Chapter 15 of the bankruptcy code. That's a lesser-used type of bankruptcy designed to protect foreign companies operating in the United States.

"This chapter of the bankruptcy code allows for the recognition in the U.S. of foreign bankruptcy proceedings and access to domestic judicial proceedings by foreign representatives," the IRS shared on its website.

The shipping industry has seen multiple bankruptcies.

Image source: Shutterstock

Family-owned trucking company struggles

Pride Group, a family-owned trucking company, has its headquarters in Canada, but operates in the U.S. as well.

"We are a privately held, diversified group whose subsidiaries and affiliates operate in a variety of industries including transportation, logistics, heavy-duty equipment dealerships, equipment leasing & rentals, real-estate holdings, and full-service fleet management. PGE operates and manages businesses in both Canada and the United States, employing over 500 people," the company shared on its website.

The company has struggled in recent months and has taken steps to restructure its business. This has included a bankruptcy filing, which the company explained on its website.

"Pride Group Holdings Inc. and other applicant companies (the “Applicants”) sought and obtained protection under the Companies’ Creditors Arrangement Act (the “CCAA”) pursuant to an Initial Order of the Ontario Superior Court of Justice (Commercial List) (the “Initial Order”). Other companies affiliated with the Applicants (the “Additional Stay Parties”, and together with Applicants, the “Pride Group”), although not applicants themselves, were granted a stay of proceedings as part of these proceedings under the CCAA (the “CCAA Proceedings”) for the duration of 10-days, subject to extension thereafter as the Court deems appropriate."

That's the Canadian version of bankruptcy, but there has also been a U.S. filing.

"Certain companies in the Pride Group will file cases under Chapter 15 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Chapter 15 Cases”) seeking recognition of the CCAA Proceedings within the territorial jurisdiction of the United States and other related relief," the company shared.

Pride Group continues to operate

Pride Group has a complicated array of holdings that includes 16 transport companies, 45 real estate holding companies, and 10 other holding companies founded and controlled by Sulakhan “Sam” Johal, Truck News reported.

The company has roughly $2 billion in debt and the company blames the current freight market for its troubles.

“Spot freight prices, diesel prices, and interest rate trends were all initially favorable for the trucking industry following the onset of the Covid-19 pandemic. They have all deteriorated significantly since that time. The bottom-line result is made significantly worse by virtue of the increased trucking and logistics supply that was brought to market during the upturn, which is currently sitting as unused excess capacity in the market," according to a court filing.

The company, which controls 20,000 trucks,  was profitable until the pandemic, according to Johal.

 Pride Group filed for bankruptcy protection after it defaulted on debt owed to Mitsubishi HC Capital which had been personally guaranteed by Johal. More than 20 other lenders have filed claims against the company which does plan to continue operating. 

 

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Government

The Era Of Informed Consent Is Over

The Era Of Informed Consent Is Over

Authored by Victor Dalziel via The Epoch Times (emphasis ours),

In a significant blow to patient autonomy,…

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The Era Of Informed Consent Is Over

Authored by Victor Dalziel via The Epoch Times (emphasis ours),

In a significant blow to patient autonomy, informed consent has been quietly revoked just 77 years after it was codified in the Nuremberg Code.

(Jan H Andersen/Shutterstock)

On the 21st of December 2023, as we were frantically preparing for the festive season, the Department of Health and Human Services (HHS) and the Food and Drug Administration (FDA) issued a final ruling to amend a provision of the 21st Century Cures Act. This allowed

“... an exception from the requirement to obtain informed consent when a clinical investigation poses no more than a minimal risk to the human subject ...” [emphasis added]

This ruling went into effect on January 22nd, 2024, which means it’s already standard practice across America.

So, what is the 21st Century Cures Act? It is a controversial Law enacted by the 114th United States Congress in January 2016 with strong support from the pharmaceutical industry. The Act was designed to

“... accelerate the discovery, development, and delivery of 21st-century cures, and for other purposes [?] ...”

Some of the provisions within this Act make for uncomfortable reading. For example, the Act supported:

• High-risk, high-reward research [Sec. 2036].

• Novel clinical trial designs [Sec. 3021]

• Encouraging vaccine innovation [Sec. 3093].

This Act granted the National Institutes of Health (NIH) legal protection to pursue high-risk, novel vaccine research. A strong case could be made that these provisions capture all the necessary architecture required for much of the evil that transpired over the past four years.

Overturning patient-informed consent was another stated goal of the original Act. Buried under Section 3024 was the provision to develop an “Informed consent waiver or alteration for clinical investigation.”

Scholars of medical history understand that the concept of informed consent, something we all take for granted today, is a relatively new phenomenon codified in its modern understanding as one of the critical principles of the Nuremberg Code in 1947. It is inconceivable that just 77 years after Nuremberg, the door has once again opened for state-sanctioned medical experimentation on potentially uninformed and unwilling citizens.

According to this amendment, the state alone, acting through the NIH, the FDA, and the Centers for Disease Control and Prevention (CDC), will decide what is considered a “minimal risk” and, most concerning, will determine:

“... appropriate safeguards to protect the rights, safety, and welfare of human subjects.”

Notice the term subjects, not patients, persons, individuals, or citizens... but subjects. In asymmetrical power relationships such as clinician/patient, it is understood that the passive subject will comply with the rulings and mandates of their medical masters. The use of the term subjects also serves to dehumanise. The dehumanisation of populations was a critical component of Nazi human experimentation and, as Hannah Arendt argued, is an essential step toward denying citizens “... the right to have rights.”

This ruling also allows researchers and their misguided evangelical billionaire backers to potentially pursue dangerous experimental programs such as Bill Gates’ mosquito vaccinesmRNA vaccines in livestock, and vaccines in aerosols. This Act encourages these novel and high-risk programs, with medical studies approved as “minimal risk” by the regulators no longer requiring researchers and pharmaceutical companies to obtain patient consent. Yet, the histories of pharmacology and medicine are plagued with clinical investigations and interventions that were thought to pose no more than minimal risk to humans but went on to cause immeasurable pain, suffering, and death.

This amendment represents merely a first tentative step as the U.S. government tests the waters to see what it can get away with. Given the lack of attention this ruling received in both the corporate press and independent media, the government is likely to feel emboldened to widen its scope. Thus, this decision represents the beginning of a chilling revisionism in Western medical history, as patient autonomy is again forsaken.

This ruling, to be actioned by potentially corrupt scientists, health bureaucrats, and captured health and drug regulators, is another step toward a dystopian future unimaginable just five years ago. No doubt the infrastructure to implement this decree is already being constructed by the same groupthink cultists responsible for the nightmarish pandemic lockdowns, continuing to place the pursuit of profit and the greater good above individual choice, bodily autonomy, and informed consent.

From the Brownstone Institute

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/30/2024 - 23:20

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