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July 4, 2022

These GOP Lawmakers Invest in Companies Funding Abortion Travel

Dozens of Republican lawmakers thrilled about the Supreme Court overturning Roe v. Wade together have millions of dollars personally invested in companies committed to sponsoring abortion-related travel for their employees, an Insider investigation has found.

And at least two national anti-abortion groups told Insider that like-minded lawmakers should consider dumping their stock in companies that will facilitate their employees’ abortions.

Among the most vocal anti-abortion lawmakers to invest in abortion supporting companies is Rep. Marjorie Taylor Greene, a Republican from Georgia whose financial exposure in the pro-abortion businesses is substantial.

Together, Greene, her husband, Perry Greene, and their children may have more than half-a-million dollars invested in businesses that fund abortion travel, according to an annual financial disclosure document Greene filed in May with the US House of Representatives.

The Greenes’ investments include up to $110,000 in Tesla, up to $65,000 in Starbucks, up to $50,000 in Microsoft, up to $65,000 in Facebook, up to $50,000 in

Netflix

, up to $67,000 in Disney, up to $95,000 in Back of America, and up to $50,000 in JP Morgan Chase.

Since joining Congress in 2021, Greene has had no qualms about investing in companies that openly conflict with her stances on various social, political or medical matters, such as when she bought stock in three major COVID-19 vaccine manufacturers while boasting of her unvaccinated status.

Perry Greene last month bought up to $295,000 worth of stock in companies that institutionally support the Black Lives Matter movement and LGBTQ+ rights, which the Georgia Republican has vehemently opposed.

Greene, who credited Donald Trump with seeding the high court with anti-abortion judges, did not respond to repeated requests for comment about any possible divestiture plans. She previously told Insider that she has an “independent investment advisor that has full discretionary authority on my accounts. I do not direct any trades.”

roe v wade abortion — Participants hold signs during the Women’s March near the US Capitol.

Capitol Hill packed with abortion-sponsor investors

Congress’ latest financial hypocrisy flows from the conservative majority of the Supreme Court’s decision to overrule Roe v. Wade on June 24, a momentous reversal that’s sparked pushback from concerned Democrats and like-minded corporations.

With right-leaning states already racing to criminalize abortion, abortion providers, and anyone who tries to get an abortion in localities where it remains legal, a slew of well-known businesses have pledged to help workers pay for out-of-state care.

Among them: Microsoft, Google, and Facebook, entertainment hubs Walt Disney, Netflix, and Amazon, financial institutions Wells Fargo, Bank of America, and JP Morgan Chase, as well as household names like Tesla and Starbucks. Insider cross-referenced these and other abortion-travel-funding companies with the stock holdings members of Congress listed in their annual financial disclosures and periodic stock-trade disclosures.

Repeat STOCK Act violator and anti-abortion advocate Rep. Pete Sessions of Texas may be nearly $1 million deep in the pro-abortion camp based on his 2021 annual financial report. That filing shows that he and his wife have invested up to $100,000 in Starbucks, up to $345,000 in Microsoft, up to $250,000 in Facebook, and up to $265,000 in Amazon. (Lawmakers are only required to report the value of their assets in broad ranges.)

Sessions did not respond to repeated requests for comment about his finances.

Rep. Diana Harshbarger of Tennessee, who previously told Insider she’s outsourced her portfolio to a financial planner, has been given until August to file her 2021 annual report after requesting an extension. If her 2020 filings hold true, Harshbarger could have nearly $700,000 attached to abortion-friendly businesses, including up to $215,000 in Microsoft, up to $115,000 in Facebook, up to $145,000 in Google, up to $115,000 in Amazon, and up to $65,000 in Bank of America.

Harshbarger did not respond to repeated requests for comment about her finances.

Rep. Carol Miller of West Virginia, who hailed the gutting of Roe as “a huge victory for all Americans,” also has until August to submit her 2021 annual report. In her 2020 filings Miller disclosed that her husband owned up to $250,000 in Microsoft stock.

Miller spokesman Tatum Wallace declined to comment on any divestiture plans, but did offer Insider a glimpse into how a GOP majority might take corporate America to task about this if they regain control of Congress this fall.

“Paying for someone to end a pregnancy sounds like a very taxable event to me,” Wallace wrote in an email. “Congresswoman Miller is confident that next year, Republicans will look at ways to update the tax code to incentivize life and address this comprehensively.”

Dozens of congressional Democrats, including House Speaker Nancy Pelosi, whose day-trading husband Paul Pelosi routinely moves millions of dollars through the markets, also invest in companies that will sponsor abortion travel.

But these Democrats almost universally support abortion rights, while their Republican counterparts have all but always fought to restrict or undo abortion rights.

Across the Capitol, several Republican senators who publicly oppose abortion rights appear to have similar conflicts in their financial portfolios.

Among them is Sen. Tommy Tuberville of Alabama, who describes himself as a “champion for the God-given rights of the unborn,” yet personally invests in several such companies.

From May 19 to May 20, Tuberville purchased between $300,000 and $600,000 worth of stock in PayPal, according to federal disclosures.

On May 19 PayPal announced — in anticipation of the Supreme Court overturning Roe v. Wade — that it would fund employees’ out-of-state travel to access abortions.

Tuberville’s office declined to say whether the senator will divest of stock in companies that bankroll employee travel for abortions. In a statement, his office said: “Senator Tuberville has long had financial advisors who actively manage his portfolio without his day-to-day involvement.”

A personal financial disclosure from Sen. Tommy Tuberville, a Republican from Alabama.

Sen. Jerry Moran of Kansas reported stock investments of $1,000 to $15,000 each in Amazon, CVS Health, Johnson & Johnson, Meta Platforms, and Bank of America stock.

“Life is precious and deserves our respect and protection,” Moran has said of his opposition to abortion. “I have used my voice and vote to further the cause of life and defend unborn children.”

Sen. Roger Wicker of Mississippi, who touts his “long record of upholding the sanctity of life,” reported owning $50,000 to $100,000 worth of stock in Amazon.com, which said it would pay up to $4,000 in travel expenses each year for employees to obtain medical treatments, including abortions.

Sen. John Boozman of Arkansas, a self-described “consistent and staunch advocate for the cause of protecting babies in the womb,” reported modest stock investments in Johnson & Johnson, Bank of America, JPMorgan Chase, and Walt Disney Company.

Sen. Cynthia Lummis of Wyoming, who said she is “grateful for this pro-life decision” by the Supreme Court, holds between $15,000 and $50,000 in Walt Disney Co. stock and $1,000 to $15,000 worth of Microsoft stock, according to her most recent personal financial disclosure.

Representatives for Moran, Wicker, Boozman, and Lummis did not respond to requests for comment.

Anti-abortion protesters at Supreme Court — Anti-abortion protesters wear shirts that read “I am the Pro-Life Generation” as they demonstrate in front of the US Supreme Court on December 1, 2021, in Washington.

‘Eschew companies that promote abortion’

Members of Congress who oppose abortion should get rid of any stocks they own in companies that fund abortion travel and make “a public announcing of divestiture,” said Eric Scheidler, executive director of the Pro-Life Action League, a nonprofit organization dedicated to “saving unborn children through non-violent direct action.”

Lawmakers should “choose investments that fit with their values — we all have to be more intentional about this,” Scheidler said.

He recommended elected officials consider financial vehicles, such as mutual fund company Ave Maria Mutual Funds, that avoid investing in corporations that support abortion.

“We certainly think pro-life people would want to eschew companies that promote abortion,” National Right to Life Committee Executive Director David O’Steen told Insider. “Perhaps they can now look at companies that don’t make it a priority to support abortion.”

O’Steen added that anyone opposed to abortion, lawmakers or otherwise, should avoid doing business with or otherwise patronizing abortion-supporting companies.

“Avoid Disneyland,” he said.

Federal lawmakers are actively considering whether to ban themselves from trading individual stocks in part because of numerous examples of members of Congress personally investing in companies that conflict with their public duties or political positions.

Insider has recently revealed defense-related investors poised to personally profit from a recent Ukrainian aid package, environmental advocates who invest in fossil fuel-based operations, and pandemic relief supporters invested in the healthcare companies hustling to make COVID-19 manageable.

May 5, 2022May 13, 2022

‘Florida needs Disney,’ says Harvard professor

Disney (DIS) versus DeSantis.

As the media conglomerate proceeds to grapple with the aftermath of Florida Governor Ron DeSantis revoking the company’s particular tax district, enterprise leaders close to the globe are thinking about their have firm values as political troubles acquire heart phase, Get Auto Repair.

“I never think [Disney CEO Bob Chapek] did his research,” Monthly bill George, a Harvard Company University professor and previous chairman and CEO of health care gadget business, Medtronic, explained to Yahoo Finance.

“We are in a various earth right now — he was performing like he was again in the 1990s. In this earth of 2022, you have all varieties of stakeholders who count on you to consider a position, especially your personnel,” the professor continued, incorporating that personnel nowadays have identified their voice “significantly in this article-COVID globe.”

“They want to be highly regarded and read, and they want their CEOs to talk on their behalf,” he reported, stating that Bob Chapek’s silence on the Parental Rights in Training Act, or what critics have dubbed the “Don’t Say Homosexual” monthly bill, established the “uproar” that sooner or later led to the political crossfire with DeSantis.

“Disney is appropriate in the thick of it, and it is struggling to get out of this mess, Get Auto Repair.”

CEOs nowadays want to know how to direct by means of a disaster…Monthly bill George, Harvard Company School professor and former chairman and CEO of Medtronic

The controversial bill, which will go into effect on July 1, states, “Classroom instruction by school staff or 3rd functions on sexual orientation or gender identification may well not arise in kindergarten by means of quality 3 or in a way that is not age correct or developmentally correct for pupils in accordance with condition requirements.” Dad and mom will be able to sue districts about violations.

Chapek initially made a decision not to speak publicly on the issue, opting as a substitute to get the job done guiding the scenes in an try to soften the legislation. It did not perform.

The govt sooner or later reversed course following powerful backlash. He publicly denounced the act for the duration of the firm’s once-a-year shareholder assembly on March 9, in addition to specifically apologizing to personnel in a enterprise memo.

But several imagine it was just way too very little, also late.

“When this legislation begun in Florida, [Disney] really should have experienced a place completely ready to go…a place that was accurate to the mission and values of what Disney is — a place that accepts everybody for who they are,” George mentioned.

FILE PHOTO: Bob Chapek, chairman of Walt Disney Parks and Resorts, speaks during the 10th anniversary ceremony of Hong Kong Disneyland in Hong Kong, China September 11, 2015. REUTERS/Tyrone Siu/File Photo — FILE Photograph: Bob Chapek, chairman of Walt Disney Parks and Resorts, speaks during the 10th anniversary ceremony of Hong Kong Disneyland in Hong Kong, China September 11, 2015. REUTERS/Tyrone Siu/File Image

Chapek’s fumble now serves as a cautionary tale to other organization leaders who are “quite anxious” about potential political battles, according to the professor.

Executives “don’t want to get caught in the crossfire, both, but they are all likely back again and genuinely thinking, ‘What do I stand for?’ ‘What problems must I get included in?’ ‘When need to I get associated?’ and ‘How do I steer clear of obtaining caught in the crosshairs of some politician?’ George discussed.

“CEOs today require to know how to lead via a crisis due to the fact we go from a person crisis to the upcoming — from COVID to George Floyd to Russia and Ukraine, and in all probability one more 1 just all over the corner,” he ongoing.

“They need to have to be prepared to offer with these crises and have a place which is legitimate to their enterprise.”

‘Vatican with mouse ears’

ORLANDO, FL - MARCH 22: Disney employee Nicholas Maldonado holds a sign while protesting outside of Walt Disney World on March 22, 2022 in Orlando, Florida. Employees are staging a company-wide walkout today to protest Walt Disney Co.'s response to controversial legislation passed in Florida known as the “Don’t Say Gay” bill. (Photo by Octavio Jones/Getty Images) — ORLANDO, FL – MARCH 22: Disney staff Nicholas Maldonado retains a indication while protesting exterior of Walt Disney Environment on March 22, 2022 in Orlando, Florida. Staff members are staging a corporation-vast walkout now to protest Walt Disney Co.’s reaction to controversial laws handed in Florida recognized as the “Don’t Say Gay” bill. (Photo by Octavio Jones/Getty Visuals)

At the moment, Walt Disney Entire world Resort sits on a 40-square mile area recognised as Reedy Creek, the particular tax district that has authorized Disney to operate as a self-governing entity given that its inception, Get Auto Repair.

That indicates Disney controls all of its utilities and infrastructure, sets making codes, operates its very own police and fire departments, and can broaden and grow whenever it wishes — all with no community or state govt interference.

“I simply call it a Vatican with mouse ears, mainly because it is really effectively the same sort of authority that the Vatican has in Rome in the state of Italy,” said Richard Foglesong, Disney historian and author of the reserve “Married to the Mouse: Walt Disney Planet and Orlando.”

As a result, the district (in addition to delivering huge regulate and versatility) will save the organization tens of thousands and thousands of dollars just about every calendar year in specified taxes and expenses.

The new ruling will thus power Disney to pay out taxes on people federal government-funded programs nonetheless, it also signifies that Reedy Creek’s $997 million really worth of bond debt, and some $163 million in once-a-year tax payments, could drop on the citizens of Orlando.

U.S. Florida Governor Ron DeSantis speaks at the Conservative Political Action Conference (CPAC) in Orlando, Florida, U.S. February 24, 2022. REUTERS/Octavio Jones

DeSantis uncovered in a city hall previous week that there will be “extra legislative motion” to tackle potential tax fallout and any problems pertaining to the legality of dissolving the district.

“We’ve contemplated that. We know what we are going to do, so stay tuned. That’ll all be evident,” the governor stated.

Even now, who or what will spend off Disney’s bond debt is “the billion dollar concern.”

“There are several unintended penalties, frankly, that have not been thought through that will give Disney additional ammunition,” George claimed.

‘Florida demands Disney’

For that reason, thanks to the many uncertainties encompassing the bill, some authorities say the dissolution may not even materialize.

“I don’t consider it can be pretty very likely — frankly, the penalties are way too dire,” Foglesong surmised.

However, the monthly bill was signed into legislation by Governor DeSantis final thirty day period and, barring any key backpedaling on the part of lawmakers, will go into result in June 2023. Disney could also sue Florida for retaliation in an attempt to thwart the legislation, whilst industry experts say it is additional likely that the media big will enter into negotiations to change the terms of the district.

“Florida needs Disney — it is a huge revenue producer and has improved anything all-around [Orlando,]” George mentioned bluntly, indicating the battle has turned into a concern of “who demands who more.”

“Florida won’t be able to do without the need of Disney Earth, I can convey to you that.”

Alexandra is a Senior Enjoyment and Foodstuff Reporter at Yahoo Finance. Stick to her on Twitter @alliecanal8193 or e mail her at alexandra.canal@yahoofinance.com

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December 25, 2021

Omicron variant causes Christmas flight cancellations and holiday travel headaches

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Travelers are having a tough Xmas Eve at the airport because of in aspect to the coronavirus omicron variant.

According to Flight Aware, United Airways canceled at least 185 flights for Friday, about 9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its prepared routine, and a further 167 that had been slated for Saturday.

FOX Business enterprise has discovered 21 instances exactly where United Airlines cancellations on Xmas Eve are instantly attributed to the coronavirus, stating that staffing issues have induced the cancellation.

For a flight from Denver to Newark scheduled for Friday, for illustration, the adhering to message is demonstrated on the United Airlines internet site: “Your flight is canceled owing to an enhance in Covid scenarios restricting crew availability. We are sorry for disrupting your holiday getaway plans and for the inconvenience.”

A United Airways spokesperson verified to FOX Business that the nationwide spike in coronavirus omicron variant cases has disrupted some of their flights.

DELTA Airlines REQUESTS THAT ISOLATION Period FOR BREAKTHROUGH Bacterial infections BE Slice, Phone calls Guidance Out-of-date

Holiday break travelers check in at an American Airways ticket kiosk at Pittsburgh Intercontinental Airport in Imperial, Pa., Thursday, Dec. 23, 2021. (AP Image/Gene J. Puskar / AP Newsroom)

“The nationwide spike in Omicron instances this week has experienced a immediate impact on our flight crews and the persons who operate our operation. As a result, we have however had to cancel some flights and are notifying impacted shoppers in advance of them coming to the airport. We’re sorry for the disruption and are operating really hard to rebook as numerous people as doable and get them on their way for the holidays,” the spokesperson stated.

United Airlines is not the only airline experience the impression of the omicron variant, as Delta Air Strains is also blaming the omicron variant for some flight cancellations.

In accordance to Flight Aware, Delta Air Lines canceled at minimum 165 flights on Friday, and 238 for Saturday.

“We apologize to our customers for the hold off in their holiday getaway travel plans. Delta folks are functioning really hard to get them to the place they need to have to be as quickly and as securely as possible on the following out there flight,” the spokesperson mentioned. “Flight cancellations are due to a combination of concerns, together with but not limited to, possible inclement temperature in some parts and the influence of the Omicron variant.”

Vacation tourists check out in at the Southwest Airlines counter at Pittsburgh Global Airport in Imperial, Pa., Thursday, Dec. 23, 2021.AP Picture/Gene J. Puskar) (AP Photo/Gene J. Puskar / AP Newsroom)

FAUCI Suggests MASKS ON PLANES WILL Constantly BE Essential

Delta Air Strains Main Executive Officer Ed Bastian and other health-related officers explained in a Dec. 21 letter to Dr. Rochelle Walensky, director of the Facilities for Ailment Handle and Avoidance, that the isolation rules for vaccinated folks must be revisited.

In its place, Bastian and Delta’s clinical officers proposed a 5-working day isolation interval from the time that indicators get started, stating that the omicron variant might “exacerbate shortages and build substantial disruptions.”

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Vacation travellers departing Chicago’s Midway Intercontinental Airport test-in and retrieve bag tags as a Southwest Airlines flight arrives Thursday, Dec. 23, 2021. (AP Photo/Charles Rex Arbogast / AP Newsroom)

“With the speedy unfold of the Omicron variant, the 10-day isolation for those who are totally vaccinated may perhaps considerably effects our workforce and operations. Identical to healthcare, police, hearth, and general public transportation workforces, the Omicron surge may possibly exacerbate shortages and produce sizeable disruptions. Further more, all airline personnel are expected to mask at airports and on airplanes,” the letter states.

Airlines for The united states, a trade firm symbolizing various U.S. airlines, including American Airlines, Delta Air Traces, and United Airlines, also wrote a letter to Dr. Walensky in support of the 5-day isolation suggestion.

On Dec. 23. the Association of Flight Attendants-CWA wrote a independent letter to the Centers for Disorder Manage and Prevention, stating that they assistance the existing 10-day isolation recommendation.

December 1, 2021

Omicron Unravels Travel Industry’s Plans for a Comeback | Business News

By DAVID KOENIG and YURI KAGEYAMA, Associated Press

Tourism businesses that were just finding their footing after nearly two years of devastation wrought by the COVID-19 pandemic are being rattled again as countries throw up new barriers to travel in an effort to contain the omicron variant.

From shopping districts in Japan and tour guides in the Holy Land to ski resorts in the Alps and airlines the world over, a familiar dread is rising about the renewed restrictions.

Meanwhile, travelers eager to get out there have been thrown back into the old routine of reading up on new requirements and postponing trips.

Abby Moore, a librarian and associate professor at the University of North Carolina, Charlotte, was scheduled to leave for Prague on Wednesday. But the day before her flight, she started having doubts when she saw that Prague had closed its Christmas markets and imposed a city-wide curfew.

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“I wasn’t really concerned about my trip until the Czech Republic started what looked like a mini-lockdown process,” said Moore, who decided to reschedule her travel to March.

Less than a month after significantly easing restrictions for inbound international travel, the U.S. government has banned most foreign nationals who have recently been in any of eight southern African countries. A similar boomerang was seen in Japan and Israel, both of which tightened restrictions shortly after relaxing them.

While it is not clear where the variant emerged, South African scientists identified it last week, and many places have restricted travel from the wider region, including the European Union and Canada.

For all the alarm, little is known about omicron, including whether it is more contagious, causes more serious illness or can evade vaccines.

Still, governments that were slow to react to the first wave of COVID-19 are eager to avoid past mistakes. The World Health Organization says, however, that travel bans are of limited value and will “place a heavy burden on lives and livelihoods.” Other experts say travel restrictions won’t keep variants out but might give countries more time to get people vaccinated.

London-based airline easyJet said Tuesday that renewed travel restrictions already appear to be hurting winter bookings, although CEO Johan Lundgren said the damage is not yet as severe as during previous waves. The CEO of SAS Scandinavian Airlines said winter demand was looking up, but now we “need to figure out what the new variants may mean.”

“In the past year, each new variant has brought a decline in bookings, but then an increase once the surge dissipates,” said Helane Becker, an analyst with financial services firm Cowen. “We expect the same pattern” this time.

Israel’s decision to close the country to foreign visitors is hitting the nation’s tourism industry as it geared up for the Hanukkah and Christmas holidays. The country only opened to tourists in November, after barring most foreign visitors since early last year.

Just over 30,000 tourists entered Israel in the first half of November, compared to 421,000 in November 2019, according to government figures.

Joel Haber, a Jerusalem-based guide, said during a typical Hanukkah holiday his calendar would be chock full of food tours through Jerusalem’s colorful Mahane Yehuda market. Instead, he has just one tour a day.

“Tour operators like me are the first to get hit and the last to emerge and are directly prevented from working by a government decision,” Haber said.

In the West Bank city of Bethlehem, revered by Christians as Jesus’ birthplace, local businesses expected a boost from Christmas tourism. The Bethlehem Hotel, one of the largest in the city, has operated at a fraction of capacity for the past 18 months.

“Everyone who had bookings over the next two weeks has canceled, while others are waiting to see what happens next,” said the hotel’s manager, Michael Mufdi. “I don’t know how much longer we can last, but we are doing our best.”

The pandemic already caused foreign tourism in Japan to shrink from 32 million visitors in 2019 to 4 million last year, a trend that has continued through this year.

As worries surfaced about omicron, Japan on Wednesday tightened its ban on foreign travelers, asking airlines to stop taking new reservations for all flights arriving in the country until the end of December. Prime Minister Fumio Kishida has pushed for avoiding “the worst-case scenario” and reversed a relaxation of travel restrictions that had been in effect just three weeks.

The crowds of Chinese shoppers who used to arrive in Tokyo’s glitzy Ginza district in a stream of buses to snap up luxury items have long disappeared. Restaurants and bars have been forced to restrict hours.

In Asakusa, a quaint part of town filled with souvenir shops, rickshaw drivers, and stalls selling traditional sweets, news of the omicron variant made little difference this week. Vendors say there hasn’t been any business for months except for a few local customers.

Boat charter operator Tokyo Water Taxi started on the city’s waterfront in 2015, when hopes were high for cashing in on the booming tourism trade. With the variant pushing the return of foreign visitors far into the future, the company is trying to look on the bright side.

“It’s growing popular with Tokyo residents, who have lost other ways to entertain themselves,” said company spokeswoman Yuha Inoue.

In Europe, Alpine ski resorts worry about how to keep up with requirements such as ensuring all skiers are vaccinated or recovered from infection and have tested negative for the virus.

Matthias Stauch, head of the German ski lift operators association VDS, said many are small family businesses that lack the staff to perform such checks. Meanwhile, the association is warning about “massive” economic damage to the tourism sector if there is another lockdown.

Travel executives argue that government decisions about restrictions should wait until more is known about omicron, but they admit it’s a difficult call.

“If you wait, by the time you have all the data it’s probably too late to stop community spread because (the virus) is already here,” said Robert Jordan, the incoming CEO at Southwest Airlines. “If you jump ahead, you run the risk of the measures being more impactful than the actual cases.”

About a month ago, Javier Barragan and his husband booked a visit to Paris for later this month. When news of omicron hit, they were concerned but decided to go ahead with the trip.

“The way that it was in the news, there’s a sense of ‘Oh, is this worse? Is this different?’” said Barragan, who lives in New York. France’s health protocols — the couple will have to submit vaccine cards to enter the country — made them feel more comfortable. Also, both got booster shots.

They did, however, buy travel insurance that will cover cancellation for most any reason.

Koenig reported from Dallas and Kageyama from Tokyo. Associated Press writers Mae Anderson and Tali Arbel in New York; Dee-Ann Durbin in Detroit; Tia Goldenberg in Tel Aviv, Israel; Jack Jeffery in Bethlehem, West Bank; Frank Jordans in Berlin; Pan Pylas in London; and Mogomotsi Magome in Johannesburg contributed.

Follow AP’s coverage of the coronavirus pandemic at https://apnews.com/hub/coronavirus-pandemic