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Biden's broken promise on pardoning his son Hunter is raising new questions about his legacy WASHINGTON (AP) — President Joe Biden’s decision to go back on his word and pardon his son Hunter wasn't all that surprising to those who are familiar with the president's devotion to his family. But by choosing to put his family first, the 82-year-old president has raised new questions about his legacy. Biden has held himself up as placing his respect for the American judicial system and rule of law over his own personal concerns. It was part of an effort to draw a deliberate contrast with Republican Donald Trump. Now, both his broken promise and his act of clemency are a political lightning rod. Some Democrats are frustrated over Joe Biden reversing course and pardoning his son Hunter ATLANTA (AP) — Already reeling from their November defeat at the polls, Democrats now are grappling with President Joe Biden's pardoning of his son for a federal felony conviction — after the party spent years slamming Donald Trump as a threat to democracy who operates above the law. The White House on Monday struggled to defend the pardon, claiming the prosecution was politically motivated — a page out of Trump's playbook. That explanation did not satisfy some Democrats who are angry that Biden’s reversal could make it harder to take on Trump. Hezbollah fires into Israel-held area after multiple Israeli strikes in Lebanon since truce began JERUSALEM (AP) — Hezbollah fired into a disputed border zone held by Israel after multiple Israeli strikes inside Lebanon since a ceasefire took hold last week. The militant group said the volley, its first during the truce, was a warning shot in response to what it called repeated Israeli violations. Israeli leaders threatened to retaliate, further straining the fragile U.S.- and French-brokered ceasefire. Israeli strikes in recent days, including a string of hits on Monday, have killed at least four people in Lebanon. U.S. officials said the ceasefire was largely holding. Key players in Syria's long-running civil war, reignited by a shock rebel offensive BEIRUT (AP) — Syria’s long civil war has reclaimed global attention after insurgents seized most of its largest city and dozens of nearby towns and villages. The stunning advance on Aleppo by rebel forces came as several key players in the conflict have been distracted or weakened. That triggered the heaviest clashes since a 2020 ceasefire brought relative calm to the country’s north. Russian and Syrian forces have carried out dozens of airstrikes to try to limit the insurgents’ advances, inflicting heavy casualties. Syria’s civil war started in 2011 after an uprising against President Bashar Assad’s rule. Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk DOVER, Del. (AP) — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. The judge on Monday also rejected an equally unprecedented and massive fee request by plaintiff attorneys. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package that carried a potential value of $56 billion. The judge ruled in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. Tesla shareholders then voted for a second time to ratify Musk’s 2018 pay package, but the judge refused to revisit her initial ruling. Woman driving drunk who killed bride still in her wedding dress sentenced to 25 years in prison A woman who admitted to drinking and who was driving well over twice the speed limit when she smashed into a golf cart killing a bride who had just got married at a South Carolina beach has been sentenced to 25 years in prison. Jamie Lee Komoroski pleaded guilty Monday to reckless homicide and three felony driving under the influence charges. Police said the 27-year-old drank at several bars on April 28, 2023, and was driving 65 mph on a narrow Folly Beach road when she slammed into a golf cart leaving a wedding. The bride, 34-year-old Samantha Miller, died still wearing her wedding dress. Florida woman sentenced to life for zipping boyfriend into suitcase, suffocating him A 47-year-oldFlorida woman has been sentenced to life in prison for zipping her boyfriend into a suitcase and leaving him to die of suffocation amid a history of domestic and alcohol abuse. Circuit Judge Michael Kraynick imposed the sentence Monday in Orlando on Sarah Boone for the 2020 killing of 42-year-old Jorge Torres. A jury deliberated only 90 minutes Oct. 25 before convicting Boone of the second-degree murder of Jorge Torres after a 10-day trial. Boone had insisted she was herself a victim of domestic violence at the hands of Torres and had pleaded not guilty. Already buried under snow, Great Lakes region expected to see more stormy weather this week Some storm-weary residents of the Great Lakes region have seen continued snowfall and are facing the prospect of even more accumulations this week. Lake-effect snow continues to fall on parts of western New York that were already blanketed with a foot or more over the past four days. Lake-effect snow warnings are in effect through Tuesday night in parts of Ohio, New York and Pennsylvania. Snow fell in western Michigan overnight, and heavier, persistent snow of up to a foot was expected to follow into Monday. Meanwhile, Alaska's capital got more than a foot of snow over the weekend. The National Weather Service says the wintry weather is stronger than Juneau usually sees this time of year. Cyber Monday shoppers expected to set a record on the year's biggest day for online shopping Consumers in the U.S. are scouring the internet for online deals as they look to make the most of the post-Thanksgiving shopping marathon on Cyber Monday. The National Retail Federation coined the term for the Monday after Black Friday in 2005. Even though e-commerce is now part and parcel of many people’s regular routine, Cyber Monday continues to be the biggest online shopping day of the year, thanks to steady discounts and a fair amount of hype. Several major retails actually started their Cyber Monday promotions over the weekend. Consumer spending for the online shopping days between Thanksgiving and Cyber Monday provides an indication of how much shoppers are willing to spend for the holidays.Biden should spell out rules for using U.S. troops against their fellow citizens, Dems sayUCLA women’s basketball coach Cori Close eyeing school history
Dec 1, 2024; Orchard Park, New York, USA; San Francisco 49ers running back Christian McCaffrey (23) is tackled by Buffalo Bills safety Taylor Rapp (9) and safety Damar Hamlin (3) in the second quarter at Highmark Stadium. Mark Konezny-Imagn Images/File Photo Dec 1, 2024; Orchard Park, New York, USA; San Francisco 49ers running back Jordan Mason (24) avoids a tackle by Buffalo Bills cornerback Rasul Douglas (31) in the third quarter at Highmark Stadium. Mark Konezny-Imagn Images/File Photo San Francisco 49ers running back Christian McCaffrey and top backup Jordan Mason are being placed on injured reserve. McCaffrey left the snowy field in Buffalo on Sunday night after a 5-yard gain that was preceded by him heading to the sideline in apparent pain at the end of an 18-yard run. McCaffrey was diagnosed with a posterior cruciate ligament injury in his right knee and did not play in the second half. The 49ers also lost Jordan Mason, who emerged in a starting role with McCaffrey out the first two months of the season, to an ankle injury. Head coach Kyle Shanahan said Monday that Mason has a high-ankle sprain, which typically requires a recovery window of 4-6 weeks. Those moves push rookie Isaac Guerendo into the RB1 spot. He scored the team's only touchdown at Buffalo. The IR slots in San Francisco are manned by multiple starters, including wide receiver Brandon Aiyuk, linebacker Dre Greenlaw, defensive tackle Javon Hargrave and safety Talanoa Hufanga. Mason had a team-leading 789 rushing yards and scored three touchdowns. Being placed on IR means he's not eligible to play until the regular-season finale at Arizona. McCaffrey had 53 yards on seven carries on Sunday night and caught two passes for 14 yards before exiting. He was playing in just his fourth game of the season after missing the first eight because of Achilles tendinitis. McCaffrey was the NFL Offensive Player of the Year last season, when he led the league with 2,023 yards from scrimmage: a league-leading 1,459 rushing yards and 14 touchdowns plus 67 catches for 564 yards and seven scores. McCaffrey hasn't scored a touchdown in his four appearances this season. He has rushed for 202 yards on 50 carries and caught 15 passes for 146 yards. "It was frustrating," Shanahan said after the game. "He had a great week of practice and I could feel his urgency and stuff and thought he came out great, looking really good, and it looked like he just got his shoestring there. ... I hurt for him, and tough for our team not having him." The 49ers (5-7) played without defensive end Nick Bosa (oblique) and left tackle Trent Williams (ankle) in the 35-10 loss. San Francisco has lost three in a row heading into next Sunday's game against the Chicago Bears (4-8) in Santa Clara, Calif. San Francisco resides two games behind the NFC West-leading Seattle Seahawks (7-5) with five games remaining on the schedule. Seattle and San Francisco split their season series. --Field Level Media REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel nowMMA Healthcare Recruitment Marks 23 Years with Launch of Digital Innovation 12-02-2024 11:56 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: Authority Press Wire International healthcare specialist MMA Healthcare Recruitment hits major milestone and unveils Welcome Professionals platform to modernise medical recruitment. Image: https://authoritypresswire.com/wp-content/uploads/2024/12/MMA-Healthcare-Recruitment-Marks-23-Years-with-Launch-of-Digital-Innovation.png Surrey, UK - Twenty-three years after placing its first international nurse in a UK hospital, MMA Healthcare Recruitment has grown from a small startup into a respected name in global healthcare staffing. As the firm marks this milestone, it's introducing new technology to improve industry efficiency. Since 2001, MMA has helped more than 11,500 healthcare professionals start new lives in Britain. The company's founder, Melinda Moolman, established the business following her own experience as an international nurse from South Africa. "The healthcare recruitment landscape has evolved dramatically over the past two decades," says Moolman. "What hasn't changed is the human element - every healthcare professional who makes this journey needs genuine support and understanding." Over two decades, MMA has built comprehensive support services covering everything from visa applications to cultural adaptation, moving beyond traditional recruitment practices. Industry analysts have noted these services' positive impact on staff retention rates. Today, MMA runs recruitment hubs in Germany, India, South Africa and Ireland, working with healthcare employers across the UK. The company has built strong partnerships throughout Europe, including Portugal, Spain and Romania. This expansion reflects the growing demand for international healthcare talent in Britain's healthcare sector. Welcome Professionals, MMA's latest development, represents a new chapter in healthcare recruitment. This digital platform helps employers streamline both domestic and international recruitment. Built on MMA's twenty-three years in the industry, Welcome Professionals provides tools for every stage of recruitment - from candidate selection to staff integration. The service offers different tiers of support, allowing employers to select services based on their needs. It handles all aspects of recruitment, from talent sourcing through to staff integration and ongoing support, while meeting industry standards and regulatory requirements. Beyond recruitment, MMA participates in social responsibility initiatives, including B1G1 and runs the MMA Recycle Swop Shop programme, showing its commitment to community development. Healthcare employers can learn more about Welcome Professionals at: https://app.smartsheet.eu/b/form/f0637ddc0f664571b68a6b291334ccf2 Healthcare professionals seeking international opportunities should visit: https://app.smartsheet.eu/b/form/baa053ddd9c54a1ca5120ea1cf0586ca About MMA Healthcare Recruitment: From its Surrey headquarters, MMA Healthcare Recruitment has been placing international healthcare professionals in UK positions since 2001. The company uses its experience and knowledge to deliver results for both healthcare employers and job seekers. Video: https://www.youtube.com/embed/qzhF-084eO8?rel=0&modestbranding=0&rel=0&showinfo=1&controls=1&autohide=2&showinfo=0?ecver=2 Video Link: https://www.youtube.com/embed/qzhF-084eO8 Location Info: MMA Healthcare Recruitment, 81 St Judes Road, Englefield Green, Surrey TW20 0DF, 01189879240 Media Contact Company Name: MMA Healthcare Recruitment Contact Person: Bruce Roworth Email: Send Email [ http://www.universalpressrelease.com/?pr=mma-healthcare-recruitment-marks-23-years-with-launch-of-digital-innovation ] Phone: +441189879240 Country: United Kingdom Website: https://mmarecruitment.com This release was published on openPR.
Biden’s pardon frays justice systemVATICAN CITY — Pope Francis will visit the French Mediterranean island of Corsica in December, days after skipping the reopening of Paris's Notre Dame Cathedral which was ravaged by a fire in 2019, the Vatican said on Saturday. Francis, 87, declined an invitation from French President Emmanuel Macron to attend the Notre Dame reopening ceremony in Paris on December 7. He will however head to Corsica's capital Ajaccio for a conference on the Catholic faith in the Mediterranean one week later on December 15, the Vatican said. Some French bishops were "annoyed" by the Pope's decision to stay away from the Notre Dame gala, according to one bishop speaking on condition of anonymity. But the head of the Bishops' Conference of France (CEF) Archbishop Eric de Moulins-Beaufort said: "The star of the Notre Dame reopening ceremony is Notre Dame itself." The Pope had not wanted his presence to be a distraction from the essential point of the occasion, he added. "It's not a snub aimed at France," said another bishop. Francis's one-day trip to Corsica will be the first papal visit to the island, where 90 percent of its 350,000 population is Catholic, according to the local Church, and religious traditions remain deeply rooted. He will give two speeches, preside over a mass and meet Macron during his nine hours on the island, the Vatican said. "It is a historic event, we will give ourselves the extraordinary means to put on an exceptional welcome for the Holy Father," said Bishop of Ajaccio Francois-Xavier Bustillo said in a video posted on social media. Francis, who will celebrate his 88th birthday on December 17, has been to France twice since becoming head of the worldwide Catholic Church in 2013. He visited Strasbourg in 2014, where he addressed the European Parliament, and last year went to Marseille for a meeting of Mediterranean area bishops, where he met Macron. He has yet to make a state visit to France, one of Europe's main majority-Catholic countries. He is also yet to make state visits to Spain, the United Kingdom or Germany. The Argentine pontiff prefers visiting smaller or less established Catholic communities, from Malta to Mongolia. The Corsica visit was championed by the popular media-friendly Bustillo, who was made a cardinal by Pope Francis in September 2023. "It will not be a state visit, but a pastoral visit. It will be a beautiful moment, a moment of hope and joy," he told AFP. In addition, the head of the Catholic Church is scheduled to be at the Vatican on December 7-8 for a service at which he will create 21 new cardinals. Rescheduling appointments over coming months would appear to be tricky, given the multitude of events due to take place in Rome in 2025, a Catholic jubilee year. Bustillo is one of the active cardinals Francis has appointed in the Mediterranean region, with the pope keen they "work together to meet the specific challenges of the area", a bishop told AFP on condition of anonymity. Those issues include migration, global warming and interreligious dialogue. Corsica will be the 47th overseas visit for Francis and his third this year, after a long tour of the Asia Pacific in early September and a trip to Belgium and Luxembourg the same month.
The Oxford University Press has named “brain rot” as the Oxford Word of the Year 2024. As I’m sure many of us can relate, “brain rot” is a term related to consuming excessive amounts of low-quality online content, especially on social media. The actual definition is “the supposed deterioration of a person's mental or intellectual state, especially viewed as the result of overconsumption of material (now particularly online content) considered to be trivial or unchallenging.” It’s a word – not technically a word, actually two words – first used by author Henry David Thoreau in 1854 in his book Walden . Brain rot speaks to both the addictive and irresistible popularity of social media, as well as what it does to our cognitive abilities. It can also refer to the content itself. “It demonstrates a somewhat cheeky self-awareness in the younger generations about the harmful impact of the social media that they’ve inherited,” Casper Grathwohl, president, Oxford Languages, said in a news release. Last year’s winning word was “rizz,” which means romantic appeal or charm, and is an online evolution of the word charisma. If you hadn’t noticed yet, clearly the internet is taking over our lives. This year, there were six contenders for word of the year including demure, slop, dynamic pricing, romantasy, and lore. Demure was also related to social media because it was part of a sarcastic online trend where women would say “very mindful, very demure,” in situations that were not really so. Slop — a word I had never heard in this context — also relates to technology. Oxford University Press defines it as “art, writing, or other content generated using artificial intelligence, shared and distributed online in an indiscriminate or intrusive way, and characterized as being of low quality, inauthentic, or inaccurate.” Oh boy, there’s a lot of slop out there. I think we’ve all recently seen the effects of dynamic pricing, the fourth-word candidate for this year, with this weekend’s Taylor Swift concerts and their effect on hotel and Airbnb accommodations, and Uber and Lyft ride-sharing. Dynamic pricing is when the pricing changes, very quickly, based on demand, something that only became possible with the rise of the internet. The fifth contender was lore – the background information necessary to understand someone or something. As a journalist, I’m a big fan of lore, specifically trying to keep it truthful and accurate. The final word is romantasy, which is a book genre combining romance and fantasy, also a word that arose out of BookTok, a subspace of TikTok, another social media application. All these words reflect a growing trend of words emerging first on social media and then being used offline, in real life. Social media shows no signs of fading from our daily life. On the contrary, a survey conducted by Leger DGTL , a digital agency that combines research and marketing, found that 63 per cent of Canadians use Facebook at least once a day. Among people with a Facebook account between the ages of 16 and 24, the prime use of Facebook is to search for people or accounts, for people between the ages of 25 and 44, the prime use is to buy or to sell something and for those older than 45, the prime use is to interact with people and content. That’s just Facebook, an older social media, that isn’t super popular among young people. For people aged 16 to 24, Instagram is the one platform they would keep if they could only keep one, the survey found. Other interesting tidbits: people use TikTok to learn things, like cooking or repairs, while YouTube is used both for simple entertainment and for learning how to do things. The survey was conducted among 4,004 respondents, online – of course – among the general population between Aug. 5 and 17, 2024. Meanwhile, Australia has banned social media use for anyone under the age of 16, in a bid to increase online safety. Personally, I think that like everything else, it’s all about balance. Managing a healthy use of social media means setting boundaries for yourself and others in terms of your use and how much of your life you want to share. There have been noted tragic examples of the ruin the internet can bring, such as the story of Amanda Todd , a teenage girl who took her own life after being sexually extorted online. In addition, social media companies are owned by billionaires or foreign countries – we need to be careful about the information we share with them and how much control we give them over our lives. Over this coming holiday, I’m going to try to limit social media and the associated brain rot, in favour of spending time talking and laughing with family, playing games, eating delicious foods and getting as cozy as possible. Let’s see what happens. Tracy Sherlock is a freelance journalist who writes about education and social issues. Read her blog or email her [email protected] . Got an opinion on this story or any others in Richmond? Send us a letter or email your thoughts or story tips to [email protected] . To stay updated on Richmond news, sign up for our daily headline newsletter . Words missing in article? Your adblocker might be preventing hyperlinked text from appearing.
AP News Summary at 4:54 p.m. ESTMYOB launches sole trader accounting app to support 1.5 million Australian businessesGreens, far-right among big losers in Irish vote
Nyakach residents urged to unite against rising insecurityFederal immigration authorities are looking for a potential new detention center in Northern California, an effort that alarms advocates and some Democratic state lawmakers as President-elect Donald Trump gears up to unleash his mass deportation plan. In August, U.S. Immigration and Customs Enforcement issued a request for information to identify additional detention bed space in the state as other federal agencies intensified border enforcement. The effort began in the wake of the Biden administration’s sweeping asylum ban , implemented in June, for migrants caught crossing the U.S.-Mexico border outside designated entry points. Under the ban, border agents can deport such migrants within hours or days without considering their asylum claims. Advocates say an expansion of detention space would give Trump a runway to carry out more mass deportations in California. Immigrants in counties with more detention space are more likely to be arrested and detained, according to research by advocacy groups . Unlike in Texas, where state officials are offering up land to the Trump administration to facilitate mass deportations, California tried to ban new federal immigrant detention centers from opening during the first Trump administration. The court blocked that, ruling that the state was unconstitutionally overstepping on federal immigration enforcement. California Attorney General Rob Bonta told CalMatters that the state may be powerless to stop the possibility of a new facility. ICE’s Expansion Plans Federal documents show ICE issued the request for information on Aug. 14. Such requests can pave the way for federal contracts, in this case to obtain “available detention facilities for single adult populations (male and female)” in Arizona, New Mexico, Washington, Oregon and California. Its request says the facilities should each have from 850 to 950 detention beds and “may be publicly or privately owned and publicly or privately operated.” One of the facilities should be within a two-hour drive of the San Francisco field office, the documents state. The request also seeks facilities near field offices in Phoenix, El Paso and Seattle. “ICE has identified a need for immigration detention services within the Western U.S. area of responsibility,” ICE spokesman Richard Beam wrote in an email to CalMatters. “The proposed services are part of ICE’s effort to continually review its detention requirements and explore options that will afford ICE the operational flexibility needed to house the full range of detainees in the agency’s custody.” Currently, ICE detains roughly 38,000 people every day in about 120 immigration jails across the country. In California, that number is just under 3,000 detainees each day, held in six facilities, according to the most recently available immigration data maintained by the Transactional Records Access Clearinghouse at Syracuse University. That’s the third-largest population of detained immigrants in the country. While ICE, the federal agency responsible for immigration enforcement, owns and operates a very small number of facilities nationwide, it mostly contracts with private prison operators such as CoreCivic, GEO Group and Management and Training Corp. Their detention facilities house 80% of ICE’s detainees. Stock for CoreCivic and GEO Group soared upon Trump’s win last month. In California, private, for-profit prison companies run all six ICE detention facilities: the Golden State Annex and Mesa Verde detention facilities in Kern County; the Adelanto Detention Facility and Desert View Annex, both in San Bernardino County; the Otay Mesa Detention Center in San Diego County; and the Imperial Regional Detention Facility in Imperial County. Across all six, the federal government has the capacity to detain up to 7,188 people statewide. State Sen. María Elena Durazo , a Democrat from Los Angeles, said she was concerned about the potential economic impacts of ICE having an increased capacity for detention and, therefore, deportations. “The expansion of detention in California concerns everyone in our state. Expanding detention correlates with increased ICE raids and family separation, all of which has devastating social and economic impacts for California,” she said. “In addition, these facilities are run by private for-profit companies that consistently place their bottom-line profit above the health and safety of those who work in or are detained in these facilities.” Advocates argue that detention expansions lead to human rights abuses and undermine community safety. We have launched our year-end campaign. Our goal: Raise $50,000 by Dec. 31. Help us get there. Times of San Diego is devoted to producing timely, comprehensive news about San Diego County. Your donation helps keep our work free-to-read, funds reporters who cover local issues and allows us to write stories that hold public officials accountable. Join the growing list of donors investing in our community's long-term future. “An expansion of ICE detention operations within the Bay Area and Northern California is going to be part of a reign of terror on our communities the Trump administration is threatening,” said Bree Bernwanger, a senior staff attorney on the Immigrants’ Rights team at the American Civil Liberties Union of Northern California. “We already know from existing facilities within California that ICE does not and cannot maintain safe and or healthy standards of confinement for people inside.” The ACLU is suing to learn more about the federal agency’s expanded detention plans. Bernwanger was referring to issues like complaints of sexually abusive patdowns . Also, in 2023, ICE allegedly retaliated against hunger strikers by storming into their cells, violently dragging them, threatening them with forced feedings and then providing food that was not appropriate for breaking a 21-day fast, prompting a medical condition in at least one inmate, according to a claim filed by the inmate, who was represented by two advocacy groups. In August, the civil liberties organization released a 34-page report detailing 485 grievances filed by detainees across six immigration detention facilities in California between 2023 and June 2024. Those grievances included allegations of hazardous facilities, inhumane treatment, medical neglect and retaliation. ICE declined to comment on the report. California Failed to Ban For-Profit Federal Detention Centers In December 2019, California passed a law that would have banned private immigration detention centers. It was part of a wave of resistance by California Democrats to the first Trump administration. It also prohibited the state from using for-profit prisons for any inmates starting in 2028. The for-profit facilities “contribute to over-incarceration” and “do not reflect our values,” Gov. Gavin Newsom said in a statement when signing the bill. Days before the law was set to go into effect, ICE signed new contracts for its facilities in California. The federal 9th Circuit Court of Appeals later overturned the state’s ban on private prisons. Bonta, who wrote the unsuccessful ban as an Oakland assemblymember, told CalMatters in November that the state might not be able to stop ICE from opening another detention facility outside of San Francisco. “It’s a matter of federal jurisdiction,” Bonta said. “It’s federal. I disagree, but my office’s disagreement was considered, and the court determined that it was a federal issue.” Wendy Fry reports on poverty and inequality for the California Divide team at CalMatters . Get Our Free Daily Email Newsletter Get the latest local and California news from Times of San Diego delivered to your inbox at 8 a.m. daily. Sign up for our free email newsletter and be fully informed of the most important developments.
The Office of the Insurance Commission (OIC) has ordered KWI Life Insurance (KWI) to rectify its financial conditions and operations by increasing paid-up capital and refraining from accepting new clients until it meets the legally required capital level. The company failed to increase its capital by the deadline of Nov 29, the OIC said in a statement. The insurer was found to have several operational shortcomings, including prepayment to related companies without clear proof of services, lending money to high-risk companies, investing in real estate with related parties without board approval and withdrawing cash advances without proper documentation. The OIC ordered KWI to take corrective action to meet the capital adequacy ratio. The order includes increasing its paid-up capital by at least 95 million baht by Dec 20, with further increases scheduled on specified dates. The company is also prohibited from undertaking the following actions until its capital funds meet the legal requirements: issuing new insurance policies or expanding coverage of existing policies; engaging in high-risk investments or conducting unauthorised business activities; incurring new obligations except for routine expenses approved by the registrar, with the approval of the OIC (such as employment contracts or business-related expenses); appointing additional insurance agents or brokers; and acquiring the operations of other companies. This ban should prevent potential harm to policyholders and the public, said the regulator, adding KWI's operations will not affect existing insurance coverage or claims under existing policies. Policyholders are assured their entitlements will continue to be honoured, noted the OIC. "The OIC will closely monitor the company's actions. If further violations are detected, legal action will be taken accordingly," said the regulator. The Stock Exchange of Thailand yesterday instructed KWI to clarify facts and effects to the company's financial positions and operating results from the OIC order via SET's disclosure system by Dec 4. The bourse also recommends investors carefully study information before making investment decisions related to KWI.None
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South Korea lifts president's martial law decree after lawmakers vote against it