finance

19Apr

By THEIRL1ADMIN01No Comments

BUSINESS, IN OTHER NEWS

A Finance Expert Explains The ‘Poison Pill’ The Anti-Takeover Tool That Twitter Hopes Will Keep Elon Musk At Bay

Takeovers are usually friendly affairs. Corporate executives engage in top-secret talks, with one company or group of investors making a bid for another business. After some negotiating, the companies engaged in the merger or acquisition announce a deal has been struck. But other takeovers are more hostile in nature. Not every company wants to be taken over. This is the case with Elon Musk’s US$43 billion bid to buy Twitter. Companies have various measures in their arsenal to ward off such unwanted advances. One of the most effective anti-takeover measures is the shareholder rights plan, also more aptly known as a “poison pill.” It is designed to block an investor from accumulating a majority stake in a company. Twitter adopted a poison pill plan on April 15, 2022, shortly after Musk un...

Reparations Can Be Paid Through School Finance Reform

Preston Green III, University of Connecticut and Bruce Baker, Rutgers University White public schools have always gotten more money than Black public schools. These funding disparities go back to the so-called “separate but equal” era – which was enshrined into the nation’s laws by the Supreme Court’s 1896 decision in Plessy v. Ferguson. The disparities have persisted even after Brown v. Board of Education, the landmark 1954 Supreme Court decision that ordered the desegregation of America’s public schools. Since Black schools get less funding even though Black homeowners pay higher property taxes than their white counterparts, we think reparations are due – and they can be paid by reforming the ways Black homeowners are taxed and schools in Black communities are funded. We make this ar...

School Finance Laws Limit How Money Is Spent But Wind Farms Bring Windfalls For Rural Schools

On the website for the local school district in Blackwell – a town of just over 300 people in rural Texas – school Superintendent Abe Gott says: “We believe that no matter your dreams, you can achieve them from Blackwell, Texas.” Texas has collected and spent more money on wind energy than any other state. Daxis/flickr, CC BY-ND To back that up, the Blackwell Consolidated Independent School District provides a postsecondary scholarship of up to US$36,000 for graduates from the district’s single high school. So far 140 students have benefited from scholarships, according to Gott. The money that makes this possible came from a $35 million deal the school district brokered with a wind farm company in 2005, part of the massive growth of that sector in Nolan County and Texas. The spread of w...