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Capitol violence sparks a social media reckoning with Trump – Yahoo Canada Finance

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The Canadian Press

After excusing violence, Trump acknowledges Biden transition

WASHINGTON — President Donald Trump for the first time acknowledged his defeat in the Nov. 3 election and announced there would be an “orderly transition on January 20th” after Congress concluded the electoral vote count early Thursday certifying President-elect Joe Biden’s victory.Trump’s acknowledgment came after a day of chaos and destruction on Capitol Hill as a mob of his supporters stormed the Capitol building and unleashed unprecedented scenes of mayhem as it tried to halt the peaceful transition of power. Members of Congress were forced into hiding, offices were ransacked, and the formal congressional tally halted for more than six hours.“Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th,” Trump said in a statement posted to Twitter by his social media director. His own account had been locked by the company for posting messages that appeared to justify the assault on the seat of the nation’s democracy.Trump added, “While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!”The statement was the first time Trump formally acknowledged his loss after spending the last two months refusing to concede and lobbing baseless allegations of widespread voter fraud, even though his own Justice Department, federal courts and state governments have said repeatedly the vote was carried out freely and fairly.Trump’s refusal to accept reality and his incendiary rhetoric reached a breaking point Wednesday when his supporters violently occupied the Capitol in one of the most jarring scenes ever to unfold in a seat of American political power. Authorities said four people died during the violence, including one woman who was shot by an officer outside the House chamber.Trump had encouraged his supporters to march on the Capitol to protest lawmakers’ actions, and later appeared to excuse the violent occupation by the mob, which forced its way inside and clashed with police.“These are the things and events that happen when a sacred landslide election victory is so unceremoniously & viciously stripped away from great patriots who have been badly & unfairly treated for so long,” Trump wrote in a message that was later deleted by Twitter. He added, “Go home with love & in peace. Remember this day forever!”Trump’s response to the violence underscored his monthslong obsession with trying to overturn the results of the election. He has spent the final days of his presidency angrily stewing and lashing out at Republicans for perceived disloyalty while refusing to acknowledge his loss or concede.Trump’s statement could not be posted on his Twitter or Facebook feeds because both accounts had been blocked from posting.Trump spent much of Wednesday afternoon watching the insurrection on television from his private dining room off the Oval Office. But aside from sparing appeals for calm issued at the insistence of his staff, he was largely disengaged. Instead, a White House official said, most of Trump’s attention was consumed by his ire at Vice-President Mike Pence, who defied Trump’s demands by acknowledging he did not have the power to unliterally choose the next president. The official was not authorized to discuss the matter and spoke only on the condition of anonymity.Trump only reluctantly issued the tweets and taped a video encouraging an end to the violence. The posts came at the insistence of staff and amid mounting criticism from Republican lawmakers urging him to condemn the violence being perpetrated in his name, according to the official.And even as authorities struggled to take control of Capitol Hill after protesters overwhelmed police, Trump continued to level baseless allegations of mass voter fraud and praised his loyalists as “very special.”“I know your pain. I know your hurt. But you have to go home now,” he said in a video posted more than 90 minutes after lawmakers were evacuated from the House and Senate chambers. “We can’t play into the hands of these people. We have to have peace. So go home. We love you. You’re very special.”The violence, coupled with the president’s tepid response, alarmed many in the White House and appeared to push Republicans allies to the breaking point after years of allegiance to Trump. After four years with no shortage of fraught moments, Wednesday’s events quickly emerged as the nadir of morale in the Trump White House, as aides looked on in horror at the chaos at the Capitol Trump had fomented.A number of White House aides were discussing a potential mass resignation, according to people familiar with the conversation. And others quickly departed.Stephanie Grisham, the first lady’s chief of staff and a former White House press secretary, submitted her resignation Wednesday. Deputy national security adviser Matt Pottinger, White House social secretary Rickie Niceta and deputy press secretary Sarah Matthews also resigned, according to officials. More departures were expected in the coming days, officials said.Other aides indicated they planned to stay to help smooth the transition to the Biden administration. And some harboured concerns about what Trump might do in his final two weeks in office if they were not there to serve as guardrails when so few remain.Trump’s begrudging statement acknowledging defeat came after even longtime allies floated whether members of his Cabinet should invoke the 25th Amendment and remove him from office. Former New Jersey Gov. Chris Christie told ABC late Wednesday that “responsible members of the Cabinet” should be thinking about fulfilling their oath of office, adding that Trump had “violated his oath and betrayed the American people.”Conversations about removal took place among administration aides and Republican lawmakers on Capitol Hill, according to people involved in the deliberations, but there did not appear to be serious discussion to do so by his Cabinet, of whom a majority would have to vote to sideline him.Trump has been single-mindedly focused on his electoral defeat since Election Day, aides said, at the expense of the other responsibilities of his office, including the fight against the raging coronavirus. Indeed, it was Pence, not Trump, who spoke with the acting defence secretary to discuss mobilizing the D.C National Guard on Wednesday afternoon.On Wednesday, Trump effectively banned Pence’s chief of staff, Marc Short, from the White House, an official said, believing him to have been the driving force behind Pence’s refusal to overturn the vote.Hours earlier, Trump had appeared at a massive rally near the White House, where he continued to urge supporters to fight the election results and encouraged them to march to the Capitol in remarks that were peppered with incendiary language and rife with violent undertones. At one point, he even suggested he might join them — a prospect that was discussed by the White House but eventually abandoned.“We’re going to the Capitol,” he said. “We’re going to try and give our Republicans … the kind of pride and boldness that they need to take back our country.”Earlier in the rally, his lawyer, Rudy Giuliani, had advocated what he had called “trial by combat.”As the violence raged, Republican lawmakers and former administration officials had begged Trump to tell his supporters to stand down.Zeke Miller And Jill Colvin, The Associated Press

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Sunday January 17th 2021 Media Release – Brandon Police Service – Brandon Police Service

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Media Release for January 17th

Theft of Vehicle

Police received a report that a vehicle that had been left running was stolen from the 200 block of 10th Street at approximately 7:00PM January 16th.  Police located the vehicle on Victoria Avenue a short time later.  When police attempted to stop the vehicle it fled and a short pursuit was initiated.  The vehicle ended up in the ditch on Hwy 1 west off Brandon and while police were attempting to make an arrest, the vehicle intentionally collided with a police vehicle and fled eastbound on Hwy 1.  The stolen vehicle was later recovered by the RCMP abandoned in a field in the area of Minnedosa.  No Police Officers were injured during this incident. 

Theft of Vehicle

A vehicle was reported stolen from a driveway in the south part of the city.  The Ford truck had been left with the keys inside the vehicle and unlocked.  The vehicle was recovered with the assistance of an App the owner had installed that located the vehicle in the 000block of 26th Street.

Assault

A 43-year-old Brandon Male has been charged for assaulting a member of Brandon Fire and Emergency Services.  First responders were treating the male who was reported to be having breathing difficulties when he became disruptive and began intentionally coughing on BFES members and proclaiming that he was COVID positive.  Police took the male to hospital for treatment of his medical issues.  He has been released from police custody to appear in court March 1st 2021.

Anyone with information on any unsolved crime is asked to call Brandon Crime Stoppers at 204-727-(TIPS) 8477, www.brandoncrimestoppers.com or by texting BCSTIP and your message to CRIMES (274637).  Crime Stoppers pays up to $2000.00 cash for information that leads to the solution of a crime.

CRIME STOPPERS 204-727-TIPS

RELEASE AUTHORIZED BY:

Sgt. B. Verhelst #106

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More Media Coverage Drives Improved Stock Performance, Researchers Find – Forbes

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In turns out that stocks that attract consistent headlines offer better returns to investors of around 2.6% a year over past decades according to research.

Two researchers have published a paper on this topic of the ‘Value of Visibility’, they are Alexander Hillert of Frankfurt University and Michael Ungeheuer of Aalto University. They analyzed stock performance based on New York Times

NYT
coverage from 1924-2013 along with other relevant datasets.

They find that stocks that attract news coverage can see other benefits too. Such stocks can see higher growth in sales and profitability, as well as improvements in corporate governance.

It also appears that CEOs who perform poorly at companies with high media exposure are more likely to lose their jobs. This may not be good for them, but is considered to be good for the stock price. This may be one way in which more media coverage drives stock performance.

Types Of Coverage

The media coverage that can help drive stock performance does not need to be positive. Even stocks that receive negative media coverage generally see more positive stock price performance than those stocks that see less media attention.

There is significant variation in which firms see New York Times coverage, about 30% to 60% of firms receive some coverage annually. The rate of coverage has actually declined over time as the New York Times has shifted focus away from covering company’s financial reports to a great focus on other news events.

Controlling For Factors

Of course, it’s important to be careful when examining media coverage because it can correlate with other factors. For example, larger companies generally receive more media coverage. So maybe company size is the real driver of this effect, not media coverage. However, the researchers control for this, and do find that media coverage does appear to be a driver of returns, even after other factors are controlled for.

Motivation

A secondary question is why increased media coverage should lead to improved stock price performance.

The researchers suggest two main effects here, building on prior research by Philip Tetlock. There may be two ways in which greater media coverage help firms. The first is essentially free advertising. More media coverage can drive demand for company’s products and services. They find support for this view. So the greater media coverage may help improve sales and profits.

Secondly, media coverage can improve governance. It’s likely harder for a company to commit fraud or retain an underperforming CEO when they have more media attention. The researchers find support for this view too.

It also appears that this effect may still occur today. The researchers split their dataset and found the effect to be just as strong after 1974 than before. They also looked at Wikipedia page views in recent years from 2009-2014 as a proxy for more recent media attention. They found that Wikipedia page attention too, was a good predictor of stock price performance. Therefore, the effect may still exist today and likely spans multiple forms of attention that companies receive, not just newspaper coverage by the New York Times.

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More Media Coverage Drives Improved Stock Performance, Researchers Find – Forbes

Published

 on


In turns out that stocks that attract consistent headlines offer better returns to investors of around 2.6% a year over past decades according to research.

Two researchers have published a paper on this topic of the ‘Value of Visibility’, they are Alexander Hillert of Frankfurt University and Michael Ungeheuer of Aalto University. They analyzed stock performance based on New York Times

NYT
coverage from 1924-2013 along with other relevant datasets.

They find that stocks that attract news coverage can see other benefits too. Such stocks can see higher growth in sales and profitability, as well as improvements in corporate governance.

It also appears that CEOs who perform poorly at companies with high media exposure are more likely to lose their jobs. This may not be good for them, but is considered to be good for the stock price. This may be one way in which more media coverage drives stock performance.

Types Of Coverage

The media coverage that can help drive stock performance does not need to be positive. Even stocks that receive negative media coverage generally see more positive stock price performance than those stocks that see less media attention.

There is significant variation in which firms see New York Times coverage, about 30% to 60% of firms receive some coverage annually. The rate of coverage has actually declined over time as the New York Times has shifted focus away from covering company’s financial reports to a great focus on other news events.

Controlling For Factors

Of course, it’s important to be careful when examining media coverage because it can correlate with other factors. For example, larger companies generally receive more media coverage. So maybe company size is the real driver of this effect, not media coverage. However, the researchers control for this, and do find that media coverage does appear to be a driver of returns, even after other factors are controlled for.

Motivation

A secondary question is why increased media coverage should lead to improved stock price performance.

The researchers suggest two main effects here, building on prior research by Philip Tetlock. There may be two ways in which greater media coverage help firms. The first is essentially free advertising. More media coverage can drive demand for company’s products and services. They find support for this view. So the greater media coverage may help improve sales and profits.

Secondly, media coverage can improve governance. It’s likely harder for a company to commit fraud or retain an underperforming CEO when they have more media attention. The researchers find support for this view too.

It also appears that this effect may still occur today. The researchers split their dataset and found the effect to be just as strong after 1974 than before. They also looked at Wikipedia page views in recent years from 2009-2014 as a proxy for more recent media attention. They found that Wikipedia page attention too, was a good predictor of stock price performance. Therefore, the effect may still exist today and likely spans multiple forms of attention that companies receive, not just newspaper coverage by the New York Times.

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