‘Unhealthy Partisanship’: Move Afoot to Improve the Workings of Parliament
Canada’s Parliament is increasingly moving away from forming decisions based on debates, with decisions instead largely dictated by parties or party leaders, says a veteran MP. A recent report backs up this view, showing the majority of MPs believe that “unhealthy partisanship” has become more prevalent in Parliament, with democratic practices declining, particularly in the areas of MP independence and debates. In the current minority Parliament, some MPs are working toward modernizing the House in order to increase efficiency and eliminate parliamentary dysfunction, among other issues that have long plagued the legislative body. Engaged in the discussions is Conservative MP Michael Chong, who has been committed to democratic reform ever since he was elected in 2004. In his view, Parliament has increasingly gravitated toward conformity to the point that new…
Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp. in an all-stock deal worth about $13 billion, the biggest deal by a Wall Street bank since the financial crisis.
The deal will help Morgan Stanley boost its wealth management unit, a business that Chief Executive Officer James Gorman has been trying grow to help it ride out weak periods for trading and investment banking.
E*TRADE has over 5.2 million client accounts with over $360 billion of retail client assets, adding to Morgan Stanley’s existing 3 million client relationships and $2.7 trillion of client assets.
E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share as part of the deal. That translates to $58.74 per share – a premium of 30.7% to the last closing price of E*Trade shares.
The deal is expected to close in the fourth quarter of 2020.
Shares of E*Trade Financial were up 24.6% at $56 in the premarket trade.
This article is from the Internet:Morgan Stanley to Buy E*Trade Financial in $13 Billion Deal
Shaking Hands With Bad State Actors Not Smart ‘Chess’
News Analysis Diplomatic relations is a chess game, one that Prime Minister Justin Trudeau didn’t play very well when he had a friendly handshake with Iranian Foreign Minister Javad Zarif, says former cabinet minister and longtime MP David Kilgour. “You need to know how to move your pieces in a way that you’re going to serve your country and its interests, and not serve the interests of the other country, which is trying to hurt you in every way it can,” Kilgour says. Images of Trudeau greeting Zarif with a friendly handshake and bowing his head on the sidelines of the Munich Security Conference on Feb. 14 was shared widely by Iranian state media, with critics raising concerns that the prime minister is being used as a propaganda prop by…
