Today in the News:
– Obama orders secret drone memos shared with Congress
– No more Mail on Saturdays
– Computer Giant: Dell is going Private
President Obama directed the Justice Department yesterday to share secret memos laying out the legal justification for targeted drone-strike assassinations overseas, with key congressional committees. The issue attracted fresh scrutiny this week when NBC News obtained and published a 16-page “white paper” that lays out a broad rationale for targeting individual Americans anywhere outside the U.S. for assassination, without oversight from Congress or the courts, and even if the U.S. citizen in question is not actively plotting a specific terrorist attack. The White House defended targeted assassinations as “necessary,” “ethical” and “wise.” Human rights and civil liberties groups have condemned those strikes partly because they are carried out without oversight from American courts or Congress. Other critics have warned that civilian deaths in drone strikes inflame anti-U.S. sentiment and help Islamist extremist groups recruit new members.
The financially struggling US Postal Service says it will stop delivering mail on Saturdays but continue to disburse packages six days a week. The Saturday mail cutback would begin in August and could save $2 billion annually. The move accentuates one of the agency’s strong points – package delivery has increased by 14 percent since 2010, while the delivery of letters and other mail has declined with the increasing use of email and other Internet services. Under the new plan, mail would be delivered to homes and businesses only from Monday through Friday, but would still be delivered to post office boxes on Saturdays. Post offices now open on Saturdays would remain open on Saturdays. Over the past several years, the Postal Service has advocated shifting to a five-day delivery schedule for mail and packages – and it repeatedly but unsuccessfully appealed to Congress to approve the move.
Dell, The world’s No. 3 personal computer maker, will be going private in a landmark $24.4 billion deal. Michael Dell struck a deal to take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, partnering with the Silver Lake private equity firm and Microsoft Corp, to try to turn around the struggling computer company without Wall Street scrutiny. The deal, which requires approval from a majority of shareholders excluding Dell himself, would end a 24-year run on public markets for a company that was conceived in a college dorm room and quickly rose to the top of the global personal computer business – only to be outsmarted by its rivals over the past decade, as PC prices crumbled and customers moved to tablets and smartphones. Good luck Dell! Here at Corporate Profile e are always routing for the underdog!
Today in the News:
– Obama orders secret drone memos shared with Congress
– No more Mail on Saturdays
– Computer Giant: Dell is going Private
President Obama directed the Justice Department yesterday to share secret memos laying out the legal justification for targeted drone-strike assassinations overseas, with key congressional committees. The issue attracted fresh scrutiny this week when NBC News obtained and published a 16-page “white paper” that lays out a broad rationale for targeting individual Americans anywhere outside the U.S. for assassination, without oversight from Congress or the courts, and even if the U.S. citizen in question is not actively plotting a specific terrorist attack. The White House defended targeted assassinations as “necessary,” “ethical” and “wise.” Human rights and civil liberties groups have condemned those strikes partly because they are carried out without oversight from American courts or Congress. Other critics have warned that civilian deaths in drone strikes inflame anti-U.S. sentiment and help Islamist extremist groups recruit new members.
The financially struggling US Postal Service says it will stop delivering mail on Saturdays but continue to disburse packages six days a week. The Saturday mail cutback would begin in August and could save $2 billion annually. The move accentuates one of the agency’s strong points – package delivery has increased by 14 percent since 2010, while the delivery of letters and other mail has declined with the increasing use of email and other Internet services. Under the new plan, mail would be delivered to homes and businesses only from Monday through Friday, but would still be delivered to post office boxes on Saturdays. Post offices now open on Saturdays would remain open on Saturdays. Over the past several years, the Postal Service has advocated shifting to a five-day delivery schedule for mail and packages – and it repeatedly but unsuccessfully appealed to Congress to approve the move.
Dell, The world’s No. 3 personal computer maker, will be going private in a landmark $24.4 billion deal. Michael Dell struck a deal to take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, partnering with the Silver Lake private equity firm and Microsoft Corp, to try to turn around the struggling computer company without Wall Street scrutiny. The deal, which requires approval from a majority of shareholders excluding Dell himself, would end a 24-year run on public markets for a company that was conceived in a college dorm room and quickly rose to the top of the global personal computer business – only to be outsmarted by its rivals over the past decade, as PC prices crumbled and customers moved to tablets and smartphones. Good luck Dell! Here at Corporate Profile e are always routing for the underdog!