Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 250

Posts Tagged ‘proposal’

Johnson Modifies Proposal to Protect Taxpayers

Posted by fidest press agency su mercoledì, 8 luglio 2020

WASHINGTON U.S. senators Ron Johnson (R-Wis.) and James Lankford (R-Okla.) said Friday they are withdrawing a proposed substitute amendment meant to protect taxpayers from the fiscal burden of having to fund an 11th paid holiday for federal employees. Separately, Senator Johnson announced his intention to introduce a modified substitute amendment to achieve the same goal should the Senate decide to celebrate Juneteenth Day by giving federal employees another paid day off.Federal employees already are given 10 paid holidays a year, and the Senate earlier this week was on track to approve, without discussion, debate or even a recorded vote, the addition of Juneteenth Day as an 11th paid holiday. The cost to taxpayers of an added federal holiday has been estimated at approximately $600 million. Senator Johnson, while lauding the value of commemorating the emancipation of slaves, objected to the carelessness of adding hundreds of millions of dollars a year to the existing $26.2 trillion federal debt even as 17.8 million Americans remain unemployed, due to covid-related lockdowns.“Although the substitute amendment I offered to the Juneteenth holiday bill had the desired effect of slowing down the passage of a new paid day off for federal workers, many were not happy with the proposal to swap a holiday celebrating emancipation with Columbus Day,” said Senator Johnson in explaining his modified proposal.“Let me reiterate: I suggested Columbus Day for the swap because few Americans in the private sector get it as a paid holiday, and as a result, it is lightly celebrated, and would not be disruptive to most Americans’ schedules. I was in no way deprecating Christopher Columbus’ achievements or expressing any value judgment regarding his place in history. As I stated in an interview with the Milwaukee Press Club last Friday, I do not support efforts to erase America’s rich history — not the good, the bad or the ugly.“Rather than allow another paid day off for federal workers to pass without debate, or even a vote, I wanted to start a discussion, and I did. In fact, I received a number of very good suggestions. Accordingly, the original amendment is being withdrawn and I am introducing a modified one.“Instead of eliminating a current holiday to make room for Juneteenth Day, I will be proposing to reduce the number of paid leave days federal employees receive, to offset the cost of the new holiday celebrating emancipation. This modification both preserves Columbus Day and the dollars of hard-working taxpayers.”

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Anixter International Inc. to Consider Revised WESCO Proposal

Posted by fidest press agency su domenica, 5 gennaio 2020

Anixter International Inc. (“Anixter” or the “Company”) (NYSE: AXE) announced that today WESCO International, Inc. (“WESCO”) submitted a revised proposal to acquire the Company for nominal consideration of $97.00 per share in cash and stock, consisting of $63.00 cash, plus a fixed exchange ratio of 0.2397 shares of WESCO common stock, plus $19.89 in face amount of a newly created class of WESCO perpetual preferred stock. As previously announced on January 2, 2020, Anixter agreed to an amendment and restatement of its merger agreement with Clayton, Dubilier & Rice, LLC (“CD&R) to increase the per-share consideration payable to Anixter’s shareholders to $93.50 per share in cash (from $86.00 per share in cash and a $2.50 contingent value right upon the occurrence of certain events). The current merger agreement with CD&R does not include the contingent value right. In accordance with the merger agreement with CD&R, and in consultation with its financial and legal advisers, the Board will carefully review and consider WESCO’s latest proposal. The Company does not expect to comment further on the latest WESCO proposal until it has completed its review and consideration. Anixter remains subject to, and Anixter’s Board of Directors has not changed its recommendation in support of, the current merger agreement with CD&R.

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Anixter International Inc. to Consider Revised WESCO Proposal

Posted by fidest press agency su domenica, 29 dicembre 2019

Anixter International Inc. (“Anixter” or the “Company”) (NYSE: AXE) announced today that it has received a revised proposal from WESCO International, Inc. (“WESCO”) on December 26, 2019 under which Anixter shareholders would receive consideration nominally valued at $93.50 per share ($63.00 in cash, $13.85 in WESCO common stock and $16.65 in face amount of WESCO preferred stock).In accordance with the terms of the Amended Merger Agreement, and in consultation with its financial and legal advisers, Anixter’s Board of Directors will carefully review WESCO’s proposal in the context of Anixter’s existing agreement with CD&R.As previously announced on December 23, 2019, Anixter entered into an Amended and Restated Agreement and Plan of Merger, dated as of December 23, 2019 (the “Amended Merger Agreement”), whereby a fund sponsored by Clayton, Dubilier & Rice, LLC (“CD&R”) has agreed to acquire Anixter. Under the terms of the Amended Merger Agreement, Anixter shareholders would receive $86.00 in cash per share and a contingent value right entitling them to an additional $2.50 in cash per share if CD&R, or any fund managed by CD&R, within one year after the closing of the Anixter acquisition, enters into a definitive agreement to acquire WESCO or to sell Anixter to WESCO, which amount would be payable only upon completion of such acquisition or sale. Anixter remains subject to the Amended Merger Agreement and Anixter’s Board of Directors has not changed its recommendation in support of the Amended Merger Agreement. Anixter’s Board of Directors does not expect to comment further on WESCO’s revised proposal until it has completed its review.

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OncoSec Responds to Alpha’s “Proposal”

Posted by fidest press agency su martedì, 24 dicembre 2019

OncoSec Medical Incorporated (NASDAQ:ONCS), (the “Company” or “OncoSec”) today issued the following response to the latest press release from Alpha Holdings, Inc. (Alpha):“Throughout its campaign to stop OncoSec’s proposed strategic transaction (the “CGP/Sirtex Transaction”) with Grand Decade Developments Limited, a wholly owned subsidiary of China Grand Pharmaceutical and Healthcare Holdings Limited (“CGP”) and its U.S. affiliate, Sirtex Medical US Holdings, Inc. (“Sirtex”), Alpha has repeatedly sought to mislead shareholders by omitting or distorting the facts, and its latest so-called “proposal” is simply another example of this troubling trend.The “Alpha Consortium” has never contacted the Company regarding this financing proposal – OncoSec only learned of it via Alpha’s press release. In our view, this is simply an attempt to distract shareholders from the clear merits of the CGP/Sirtex Transaction.Although Alpha’s public statement lacks specific details, even the scant information provided makes it evident that the so-called “proposal” is inferior to the CGP/Sirtex Transaction.Shareholders should ask themselves, “Why is Alpha just now putting forward a proposal when they have known about the potential of the CGP/Sirtex Transaction for more than seven months now (since May 2019)?” In our view, Alpha is only doing this now because it fears that there is overwhelming support for the CGP/Sirtex Transaction from OncoSec shareholders.Even if Alpha were to behave like a truly interested partner and make a formal proposal, consider the following:First, the so-called “proposal” does not come at a premium to market, whereas the CGP/Sirtex Transaction was at a 52% premium to the closing price on the day prior to the announcement of the CGP/Sirtex Transaction.
Second, the so-called “proposal” includes convertible bonds. OncoSec made sure that the CGP/Sirtex Transaction avoided any debt whatsoever, including any warrants. Debt is the death knell of any biotech company, and Alpha should know this.
Third, the so-called “Alpha Consortium” will purportedly provide $20 million over the next 12 months. Again, Alpha has provided no details. What are the contingencies? What is the price? Is it, like the $10M, a debt financing? No information is provided. The CGP/Sirtex Transaction, on the other hand, provides all cash immediately.
Alpha’s press release is again filled with misleading claims, including the implication that there is a “golden parachute” to be paid here to management. There are no such payments to be made under the CGP/Sirtex Transaction because it is NOT A CHANGE OF CONTROL under any management contract or plan—as Alpha itself has acknowledged.”

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Delta Pilots Present Delta Air Lines with Contract Opening Proposal

Posted by fidest press agency su lunedì, 8 aprile 2019

The Master Chairman and Negotiating Committee representing the pilots of Delta Air Lines, represented by the Air Line Pilots Association, Int’l (ALPA), presented Delta management with its opening proposal to officially begin direct negotiations under the federal Railway Labor Act (RLA).Delta’s nearly 14,500 pilots have provided the union with feedback on negotiating priorities over the last year. “Delta has recovered to become an investment grade enterprise that’s the envy of the industry in terms of performance, profitability and customer service,” said Capt. Ryan Schnitzler, chairman of the Delta pilots’ Master Executive Council. “Our pilots sacrificed greatly during the bankruptcy era and are seeking to restore the value lost in key areas such as retirement, insurance, compensation, job security and scope,” said Schnitzler.Although ALPA and Delta have begun direct negotiations, the pilots’ current contract does not become amendable until December 31, 2019. Under the RLA, contracts do not expire. ”Our negotiators are prepared to diligently work with Delta management at every available opportunity to achieve a new agreement,” said Schnitzler. “As management has demonstrated in past negotiations, I am optimistic that the Company will once again be equally focused on reaching a timely, industry-leading contract.”Founded in 1931, ALPA is the world’s largest pilot union, representing more than 61,000 pilots at 33 airlines in the United States and Canada.

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MEPs back new EU travel document to ease return of irregular non-EU residents

Posted by fidest press agency su martedì, 31 maggio 2016

Commissione-europeaThe Commission’s proposal for a standard EU travel document, to speed up the process of returning non-EU nationals who stay “irregularly” in EU member states without valid passports or identity cards, was endorsed by Civil Liberties Committee MEPs on Monday. Members highlight that many EU countries are currently facing serious difficulties in returning these residents to their home countries in a safe and lawful way.The text, drafted by Jussi Halla-aho (ECR, FI) and approved by 39 votes to 9, with 2 abstentions, points out that the destination countries’ acceptance of the substitute documents used by member states today is low, for reasons that include inadequate security details and varying formats. The lack of valid travel documents issued by some third countries is also a major obstacle to a successful return process, say MEPs.”The low enforcement-rate of return decisions is detrimental to the credibility and legitimacy of the European asylum and immigration policy in the eyes of our citizens, and it also encourages abuse of the asylum system. While the common European travel document for the return of illegally staying third-country nationals is no magic solution, it is one small piece in the puzzle and one step in the right direction”, said Mr Halla-aho.
The proposal would produce a common format for the European travel document. Its new technical details would also include personal information such as name, age, gender and distinguishing marks as well as a passport photograph, in order to combat counterfeiting and falsification.By using the same security features laid down in 2002 for visas issued by EU countries to residents without valid travel documents, the document’s recognition should be enhanced and the administrative burdens reduced for both EU and destination countries’ authorities, according to the proposal. Finally, MEPs call on the EU and member states to promote the use of this harmonised document in the context of readmission agreements reached with third countries. The new Regulation would have to be agreed with the Council, using the ordinary legislative procedure, before it can enter into force.

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Parliament backs giving Sweden an extra year for relocation of asylum seekers

Posted by fidest press agency su venerdì, 27 maggio 2016

parlamento europeoParliament backed on Thursday a proposal to give Sweden an extra year to take its share of asylum-seekers agreed in last year’s emergency relocation decisions. Sweden, which already has the EU’s highest per capita rate of applicants for international protection (11,503 per million inhabitants in 2015), requested a temporary suspension of the relocations back in November in view of the sudden and sharp increase of arrivals it was facing.Of the 160,000 people to be relocated from Italy and Greece over two years, Sweden was allocated a total of 5,727 persons. The final decision will be taken by the Council –expected in the coming weeks-, but Parliament had to be consulted. The proposal was endorsed by 396 votes against 190 with 50 abstentions.

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Will Turkey be ready for visa-free access to the EU by June? – Debate in LIBE

Posted by fidest press agency su giovedì, 21 aprile 2016

turchia-ist3Civil Liberties MEPs will assess on Thursday with the Commission the progress made by Turkey in fulfilling the requirements of its visa liberalisation roadmap, following the agreement between EU leaders and Ankara to speed up the process with a view to offer Turkish citizens visa-free access to the EU by June 2016 at the latest. As part of the EU-Turkey deal reached on 18 March to better manage migration and refugee flows, EU leaders offered the Turkish government to accelerate the visa liberalisation, provided that all benchmarks are met. Once the Commission presents a legislative proposal to this end, the Parliament will have to decide together with the Council under the codecision procedure.
On Thursday, MEPs will discuss with the Commission its most recent report on the Turkish progress, of 4 March, and the remaining requirements. Commissioner Avramopoulos has announced that the next progress report will be published on 4 May. The debate will start around 10.00. The Civil Liberties Committee meeting will be held in room 4Q2, József Antall building, in Brussels.

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A new proposal by the European Commission brings about long-awaited simplification

Posted by fidest press agency su venerdì, 18 marzo 2016

fishermenEuropean fishermen know it only too well. Brussels decides what and how they may fish, wherever they are and whatever the season. For decades, in an effort to protect fish stocks and ecosystems from hurtful and excessive fishing, the EU has been micro-managing the fishing activity down to the tiniest technical detail.
Over time, however, the numerous conservation rules have grown into a complex web of requirements that is hard to follow for users and difficult for administrations to enforce. The cumbersome institutional process required for each alteration makes the system unwieldy – and adds to the entanglement. This phenomenon is not unique to fisheries; in fact the Commission has undertaken a massive simplification effort in many domains in recent years. For its part, the reform of the Common Fisheries Policy is set to streamline and upgrade, and the Commission’s new initiative on technical conservation measures stems from both processes. By empowering national and regional actors, it decentralises management for more agile and effective decision making.
Imagine for instance that a specific fishing area needs to be closed to protect a school of bottom-dwelling young fish; but that some vessels can still be allowed there because they do not fish close to the seabed. Rather than having to go through a central decision that could take years, the Member States around that area could decide the most appropriate technical conservation rules among themselves, in consultation with their stakeholders and scientific experts, and tailor them to the area’s specific needs and features.
This is the gist of the Commission’s proposal. The EU would still prescribe the general goals and principles of the fishing activity. A set of basic rules would still be applicable to all, like the ban on certain fishing gears or the obligation to land rather than discard unwanted catches. But when it comes to conservation measures, national governments, regions and operators would be able to choose the best technical solutions for the local context, provided they are underpinned by science.
This new regionalised mechanism can have many advantages. Decision making can be leaner and faster when decentralized. Measures that are area-specific rather than standardised tend to be more effective. And the sector’s involvement through the Advisory Councils means greater ownership of the rules, which in turn translates to more compliance.
Speaking of compliance, another factor that is likely to ease uniform interpretation of the rules across the EU is simplification: the proposal condenses six existing Regulations into one single text, correcting inconsistencies and repealing obsolete rules in the process – in sum making the whole conservation framework simpler and more understandable.
This is nothing short of radical change – changes in the very fabric, the DNA of our policy. But in this case less (regulation) could very well be more (conservation).
From now on, what the EU will prescribe is just the big standards and the overall targets: it will be the lighthouse showing the way. Steering the ship will be national governments, regions and operators themselves, who will decide which route to take to meet those standards and targets. And in so doing they will spread the good practice to those who are willing to pick it up, whether in the EU or elsewhere. And hopefully the genetic mutation – a mutation in favour of sustainability – will be passed on to the rest of the world.

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Idomeni proposal – Bosnia and the first circle of hell Upcoming events on refugees

Posted by fidest press agency su domenica, 13 marzo 2016

IdomeniIn recent weeks ESI analysts have continued to present proposals to European decision makers on how to deal with the current refugee crisis while preserving Europe’s commitment to the principles of the Refugee Convention – in Ankara and Istanbul, Athens and Rome, Vienna, Skopje and Tirana; presenting the basic principles behind the Merkel-Samsom plan with ministers and opposition leaders, parliamentarians and heads of asylum agencies, EU commissioners and ambassadors.Then, earlier this week, the Turkish government presented a version of the Merkel-Samsom plan to the EU in Brussels. German Chancellor Angela Merkel spoke of a “possible breakthrough, if this plan is implemented.” The practical difficulties of implemention remain immense. The clock is ticking. And as we argued many times concerning previous proposals, such as relocation, the devil is in the details. Four questions and one emergency need to be addressed:How can Greek institutions return those who reach Greece from Turkey in accordance with the core principles of international asylum law? How can the EU support Greek efforts to achieve this? Can the EU find ways to send to Greece asylum case workers instead of (only) police officers and soldiers?
How can a voluntary humanitarian resettlement scheme by a coalition of willing states (going far beyond the one-for-one exchange offered by Turkish prime minister Davutoglu), which has been negotiated in parallel for weeks, be implemented rapidly? Germany indicated that it is willing to take the lead – but when will this begin?
Recent ESI presentations on refugees1How can the EU support the creation of better conditions for the large number of refugees now in Turkey, who are likely to remain in the country for the foreseeable future?
How can the goal of visa liberalisation – which Turkish leaders have for a long time linked to the full implementation of any readmission agreement – be achieved before the summer, as ESI recommended in presentations and publications in recent months; a goal which Turkish prime minister Davutoglu has now embraced?
Finally, what can EU member states do to help Greece in light of the dramatic images near Greece’s Northern border without undermining the core ideas behind the Merkel-Samsom plan? In recent days ESI presented the following idea to decision makers: a coalition of willing EU member states should go ahead immediately and offer to Greece and Turkey to resettle a few thousand Syrian refugees now in Greece – beginning with families, women and children now trapped at Idomeni – on the condition that these families first return to Turkey within the next two weeks. The rationale for this is obvious: if Germany and other states were to agree to take refugees directly from Greece they would merely create a pull effect – exactly the opposite of the objective underlying the Merkel Plan, which is to help resettle people directly from Turkey. Such a humanitarian rescue would need to be accompanied by a very clear message: that after a full EU-Turkey agreement enters into force this week, anyone moving to Greece will thereby undermine their chance for any resettlement, and still risk being returned.This would be a powerful signal of what a successful conclusion of the EU-Turkey deal would mean: not a move towards a fortress Europe, but a step towards destroying the business model of smugglers and moving from a disorderly to an orderly process. (photos:Recent ESI presentations on refugees

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Publication: What would a European finance minister do? A proposal

Posted by fidest press agency su giovedì, 29 ottobre 2015

euroIn this policy paper, Henrik Enderlein and Jörg Haas sketch out in some detail the possible tasks and accountability structure of European finance minister (EU-FM). Such a minister would act as a strong political authority safeguarding the economic and fiscal interests of the euro area as a whole. The paper focuses on three topics:
1. What competences would the EU-FM have?
2. What would the EU-FM’s ‘ministry’ and policy tools look like?
3. To whom would the EU-FM be accountable? (photo:euro)

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EU PNR: MEPs to discuss possible changes to Commission proposal

Posted by fidest press agency su venerdì, 22 maggio 2015

commissione europeaThe Civil Liberties, Justice and Home Affairs Committee will discuss the 836 amendments tabled to the Passenger Name Record data (EU PNR) proposal on Tuesday 26 May from 15.05 to 16.30. Of these amendments, 47 were presented by rapporteur Timothy Kirkhope (ECR, UK) in his draft report and the rest by MEPs from various political groups.The amendments touch on a wide range of issues, such as the scope of the proposed directive, which flights should be included or excluded, the data retention period, several data protection provisions, clearer rules on how data should be processed and by whom, etc. Some amendments would reject the Commission proposal, and others would change it from a directive to a regulation.

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Initiative to allow its population to make legislative proposals

Posted by fidest press agency su domenica, 25 marzo 2012

European Commission

European Commission (Photo credit: tiseb)

On April 1st 2012 The European Commission will be launching its new Citizens’ initiative to allow its population to make legislative proposals. This will represent a great opportunity for European employers to press directly for the repeal or modification of EU Directives in the social and employment fields.The Federation of European Employers (FedEE) strongly supports the widening of democratic rights in the European Union by giving citizens the opportunity to raising legislative petitions that the European Commission will find it very difficult politically to turn down.The starting point for launching a proposal for a legislative change is that a committee is formed of at least seven citizens from seven different EU member states. The proposal is then registered on the European Citizens’ initiative website and the European Commission then has two months to consider whether the proposal falls within the EU charter and is not ‘manifestly contrary’ to EU values. Once given clearance the organisers then have one year to gather one million signatures in support of the measure. The Commission has even produced some free software to allow for the online collection of signatures. Once gathered the signatures must be verified and submitted to the Commission – who will then have three months to consider the proposal. If the proposal is turned down then the Commission must state publicly its reasons for doing so.Although this initiative has been conceived as providing an opportunity for individual citizens to extend their democratic rights, it will undoubtedly also become a useful vehicle for interest groups to go beyond lobbying and directly challenge the European Commission to move in new policy directions.Robin Chater, FedEE’s Secretary-General, welcomes this new opportunity to influence political policy in the employment field… “Democratic freedoms should be freedoms for all to use. The European economy relies very heavily on multinational companies and yet the EU has done very little to encourage their establishment or growth. In fact, existing Directives on such matters as the formation of European Works Councils and recently proposed EU changes on the posting of workers have greatest impact on large, transnational operations. Europe needs a level playing field for employment with a core set of common employee rights balanced by an equal range of obligations by employees in relation to their employer. Such an equitable framework has not emerged over the many decades that the EU has been in existence and this new initiative could help to rectify the many injustices in the legal framework.”
The Federation of European Employers (FedEE) is the leading organization for multinational companies operating in Europe. It was founded in 1989 with assistance from the European Commission. It is a direct member organization for major international enterprises and is currently chaired by Ford Europe.

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Cross-border criminal cases

Posted by fidest press agency su giovedì, 1 ottobre 2009

People charged in cross-border criminal cases must have rights to appeal, make representations and get translation aid, said Civil Liberties Committee MEPs on Wednesday. They inserted these rights in a Council proposal to ensure that people cannot be tried twice for the same crime in two different Member States. The proposal goes to a plenary vote on Thursday next week. People charged in cross-border criminal cases must have rights to appeal, make representations and get translation aid, said Civil Liberties Committee MEPs on Wednesday. They inserted these rights in a Council proposal to ensure that people cannot be tried twice for the same crime in two different Member States. The proposal goes to a plenary vote on Thursday next week. The Council proposal aims to ensure that the same person is not made to undergo parallel criminal proceedings in different Member States in respect of the same facts, by arranging for direct consultations so as to concentrate the proceedings in one Member State. Judicial authorities would be required to exchange a specified minimum set of information in cross border cases. The committee’s amendments aim to strengthen procedural rights: the person formally charged should have a right to appeal, to make representations, and to receive appropriate translation, interpretation and legal aid. The judicial co-operation agency Eurojust should also be more extensively involved in the process, said MEPs. Furthermore, although the Council proposal cites co-operation and consensus as the leading principles for avoiding conflicts, the rapporteur regrets that the proposal “does not provide for a mechanism to really solve conflicts of competence nor for appropriate criteria to establish which Member States should have the jurisdiction”. MEPs adopted the report by Renate Weber (ADLE, RO), with 46 votes in favour, 4 against and 2 abstentions.

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Churches embark on reform process

Posted by fidest press agency su sabato, 18 luglio 2009

Delegates from Orthodox, Protestant, Anglican and Old Catholic Churches meeting for the 13th Assembly of the Conference of European Churches (CEC) have voted overwhelmingly in favour to reform the organisation. After several hours of debate, the Assembly approved a motion which establishes a special working group to carry out a revision of CEC as a whole.  The decision took place on the day when the Assembly was focused on vision, in the context of the Assembly theme, ‘Called to One Hope in Christ’.  The revision of CEC is to include looking at its common purpose, vision, the setting of strategic goals and its structures.   Commenting on the vote the General Secretary of CEC, the Venerable Colin Williams, said: “The Assembly has voted with an overwhelming majority for this proposal.  All of us at CEC will work hard to achieve this important task which has been laid before us.  Together we will work to be a more effective servant in the years to come.”  The new working group will have 15 members, and will be accountable to the Central Committee of CEC.  The CEC Assembly has instructed the working group to publish draft proposals by 31st December 2011, after which member churches are to be consulted.  Final proposals for reform will be brought before a constitutional Assembly meeting in the summer of 2013.  The resolution was adopted by 238 votes in favour and 27 against (with six abstentions) was a composite motion following a compromise between two alternative motions from the Evangelical Church in Germany (EKD) and a group of Nordic-Baltic Churches.  A subsequent vote on a mandate for the working group was agreed by 241 to 20, with nine abstentions.

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