Reuters was first to report that oil and gas exploration and production company Chesapeake Energy Corp agreed to sell part of its operations in south Texas to private equity-owned WildFire Energy for $1.4 billion in cash. After Reuters revealed the news, Chesapeake formally announced the sale of the operations to WildFire. Oklahoma City-based Chesapeake has been trying to divest its entire South Texas operations to focus on natural gas-producing acreage in other parts of the United States. The deal it has clinched falls short of meeting the demands of activist investor Kimmeridge Energy Management, which is among the 15 largest Chesapeake shareholders, to exit South Texas entirely.
News
A Banned Books Week Special
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Mickey hosts the special annual Banned Books Week program. This year we celebrate being “Freed Between the Lines.”
Freedom-to-read resources:
News
Forced Labor Traps Adopted Children in Paraguay
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On January 30, 2024, the Paraguayan news outlet El Surtidor published “Criadazgo: la explotación infantile atrapada entre las paredes del silencio” (“Criadazgo: Child Exploitation Trapped Between the Walls of Silence”), an article by Jamin Bazán about Paraguayan criadazgo, which is defined as forced domestic labor involving adopted children, without salary or adequate standard of living. Instituto Nacional de Estadisticas estimates that about 47,000 children, ages 5-17 (approximately 2.5% of Paraguay’s total population) are subject to criadazgo, working without adequate time to rest, appropriate pay, or opportunities to leave. Many of these are girls or young women who are, in some cases, sexually abused, and most of them keep silent about their situations. Currently, there is no legislation on this issue in Paraguay.
The focus on female adolescents and children affected by criadazgo is important. The article cites El Ministerio de Niñez y Adolescencia (the Ministry of Childhood and Adolescence) many times, but one of the most important statistics cited is that “el 76% de las afectadas eran niñas y adolescentes mujeres” (“76% of those affected were girls and adolescent women”). When considering that 76% of the 46,993 individuals affected by criadazgo are girls and women, this creates a need for programs and laws that fight against criadazgo. However, the programs that are currently being established are aimed at aiding children under the ages of 6 years and keeping vulnerable families from falling into the trap of criadazgo.
There is no coverage of this story in US corporate media, but there has been some coverage by Latin American news media. The BBC’s Spanish-language news outlet BBC Mundo published a report on criadazgo in 2016. A 2022 article from Paraguay’s La Nación illustrates the poverty of families in Paraguay and the reasons they have their children working in the first place. It also gives an example of children working on the streets and the dangerous consequences of doing so. Bazán’s report on criadazgo was also published by Uruguay’s La Diara. The limited reporting on the issue of criadazgo occurs in a context in which children’s rights organizations such as Plan International are seeking to draw attention to it.
Source: Jazmin Bazán, “Criadazgo: la explotación infantil atrapada entre las paredes del silencio,” El Surti, January 30, 2024.
Student Researchers: Eva Creighton, Mathias Lundgren, and Andrew McCleery (College of St. Benedict and St. John’s University)
Faculty Evaluator: Bruce Campbell (College of St. Benedict and St. John’s University)
Business
Reuters reveals Chesapeake Energy to offload part of south Texas operations for $1.4 bln
Business & FinanceEnergy
18 January 2023, 9:21 pm 1 minute
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Why Harris’ New Polling Edge Is Such a Big Deal
This article is part of The D.C. Brief, TIME’s politics newsletter. Sign up here to get stories like this sent to your inbox.
For those living inside the bubble of presidential politics, the last three months could give one a sense of vertigo. Beyond the barrage of history-making moments—Joe Biden experiencing the most embarrassing senior moment ever on live TV; Donald Trump surviving not one, but two assassination attempts; Kamala Harris absolutely dominating in her debate against Trump—things just seemed to feel different.
But as the polls continue to show an incredibly tight race, it was entirely reasonable to say that even swapping candidates wasn’t going to mean much in a nation so deeply divided on partisan lines.
Well, NBC News is out with a poll taken Sept. 13-17 and one question in particular stands out as codifying the shift in the race’s vibes, if not the fundamentals. Since July, Harris’ favorability among voters increased by 16 points, the biggest jump NBC’s polling unit has seen in any politician’s favorability since President George W. Bush’s spike right after the Sept. 11, 2001, terrorist attacks. Pre-Biden’s exit, Harris’ polling was underwater—with 50% of the country having an unfavorable view, and only 32% favorable. Now, the same poll finds 48% view her positively and 45% percent negatively—a dramatic turnaround in a relatively short window.
Here, context really matters. NBC News began polling on Harris as a national figure in August of 2020, when Biden picked her as his running mate. In all that time, she has never seen numbers like this. The highest favorability rating on the books dates to October of 2020, when she had a 42% positive and 38% unfavorable verdict. As Vice President, her best number came in her first month in the job, when an even 41% split in January 2021.
Favorability is an imperfect proxy for a candidate’s ability to turn out voters, but it can ultimately make a world of difference, especially in a race this close. For another dash of context, at this point in 2016, NBC News had then-nominee Hillary Clinton carrying positive vibes from just 37% and Trump rocking an even worse 28%. In September four years later, Trump carried a 41% positive view while Biden edged him out with 43% favorables in the NBC News polling.
In this cycle, any number of explanations can be simultaneously true here. Democrats had spent months in a not-so-quiet gnashing over Biden’s prospects of winning and serving another term. The floodgates burst after a calamitous debate performance showed Biden halting and uneven on stage with Trump. Harris’ swap and exceptional re-introduction washed aside any comparisons to Veep’s Selina Meyer, as TIME’s Charlotte Alter explained in a magazine cover story here. With the ballots redrawn, suddenly Trump is the old guy who seems a step behind, as he continues to tout conspiracy theories that are souring even some die-hard Republicans on the prospect of a sequel.
On that last point, the NBC News data tells a pretty clear shift. When pollsters in July put in the survey a hypothetical about how Harris might fare if she were running as the nominee, things looked grim for Democrats. Trump still had an advantage over Harris, 47% to 45%. Now that it’s no longer a possibility but very much the reality, Harris has claimed the advantage over Trump, 49% to 44%. In a relatively short gap since Biden took his leave, there’s been a seven-point swing in Democrats’ favor. (Other polls suggest she’s not that far ahead.)
One of the biggest factors in the Harris surge has been the question of if she can do the job. When Biden was still in the race, a paltry 21% of voters thought he was more physically and mentally fit to fill the role than Trump. Now, 54% of voters think Harris can get it done. Maybe the amateurs cosplaying as medical experts were unfair in their verdicts of Biden’s abilities, but once the image was set, it proved all but impossible to shake.
For its part, Harris’ campaign looked to remind supporters over the weekend that they’re going to keep campaigning as underdogs, particularly as Trump appears to be in better shape in the battleground states than he is nationally. Both top hands at headquarters and the candidate herself stress that this is still a campaign running within the margin of error, and they need to run at least two or three points ahead nationally to have a shot at winning in an Electoral College where Republicans have a natural advantage.
So as the campaign hits its final stride of six weeks until Election Day—and voters in some states are already casting ballots—it’s worth appreciating just how much this race has shifted in ways great and small. While it’s still the closest race in the last 60 years, it is not the same tight race it was three months ago. The ground really did shift dramatically. But here’s the thing about ground: once it goes wobbly, it gets easier to move.
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Business
US warned Raiffeisen access to dollar system could be curbed over Russia
Business & Finance
15 May 2024, 3:22 am 1 minute
Reuters exclusively reported that Raiffeisen Bank International was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings.
Market Impact
The United States is the world’s most powerful regulator chiefly because it can sever a bank’s access to the dollar, a cornerstone of international finance. Losing access to the dollar would be likely to plunge any bank into a crisis.
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Type: Reuters Best
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Bird on a wire and other winning photos
The Bird Photographer of the Year award has been announced, with Canadian photographer Patricia Homonylo scooping the top prize for her thought-provoking image titled When Worlds Collide.
The picture was taken in Toronto and beat more than 23,000 entries to claim the prize.
The photograph shows more than 4,000 birds that died colliding with windows and other reflective surfaces in the city.
“Each year more than one billion birds die in North America alone due to collisions with windows,” says Homonylo.
“I am a conservation photojournalist and have been working with the Fatal Light Awareness Program, where we save window-collision survivors in Toronto.
“Sadly, most of the birds we find are already dead.
“They are collected and at the end of the year we create this impactful display to honour the lives lost and increase public awareness.”
Homonylo’s entry was also among the winners selected for the Conservation (Single Image) category.
The Young Bird Photographer of the Year 2024 was awarded to 14-year-old Spanish photographer Andrés Luis Domínguez Blanco for his creative angle on a nuthatch scrambling down an oak tree.
Photographers competed in a eight of different categories in the adult competition, including a Conservation Award, Portfolio Award, and Video Award.
Here is a selection of the pictures that were awarded a gold, silver or bronze, with descriptions by the photographers.
Playful Fledgling, Southern California, United States by Jack Zhi
“This Peregrine Falcon fledgling had been flying for over a week and his skills had improved by the day.
“While he still took food from parents, he had started to practise his hunting skills.
“He was not good enough to catch live birds in the air yet, so he took baby steps by chasing a fluttering butterfly.
“I have been photographing peregrines for years, and this was the first time I have seen fledglings play with butterflies.”
Black Grouse, Kuusamo, Finland by Markus Varesvuo
“For several weeks each year, Black Grouse gather at [the] leks on spring mornings for courtship and display.
“The males come down, each claiming their patch, and spend a couple of hours sizing each other up, charging at each other, engaging in mostly mock battles.
“Sometimes, however, the encounters escalate to real fights.
“The heated breath of a solitary fighter is steaming in the cold air, which I captured while sitting inside a small photography hide, revelling in the sounds and sights of this ancient play.”
Heavenly Elegant Flight, France by Nicolas Groffal
“In the dead of winter, I marvel at the aerial ballet of the garden birds that come to visit my trees and to take advantage of the seeds that I put out for them.
“Discreetly hidden, I tried to immortalise their flight and its delicate trail using a flash and camera in ‘rear curtain’ mode.
“Hundreds of shots were required before I captured the perfect moment, which portrayed the fleeting magic of nature in winter.”
Immersion, Shetland, UK by Kat Zhou
“Here we see a trio of northern gannets diving into the ocean on a sunny day in Shetland. .
“The species is Scotland’s largest seabird, and they are remarkably adept in the water, with the ability to dive to depths as far as 22 metres.
“I took this photo while scuba diving from a boat near Noss, which is home to the UK’s seventh largest colony of northern gannets.
“In the past the population has been estimated at around 25,000 birds, though their numbers were unfortunately severely reduced by the avian flu outbreak.
“It is unclear when, or if, their population will be able to recover. Dead herring from a local herring fishery were used to attract the birds to the boat.”
Hippo Impression, Sydney, Australia by David Stowe
“This photograph shows a hoary-headed grebe as it disappears below the surface of the water to feed, pushing into the depths with its huge paddle-like feet.
“I took the image from a raised platform high above the wetland.
“With a little bit of imagination, the combination of bird and ripples look like the head of a hippo.”
Helmetsrikes Preparing to Sleep, Sabi Sands Nature Reserve, South Africa by Gary Collyer
“We were on a safari, and returning to camp in Sabi Sands, South Africa, on a dark March evening.
“We stopped, having picked up some unusual sounds, although unsure what they were.
“Then we heard chattering and fluttering high above us.
“When illuminated with the lamp on the vehicle, we saw these helmetshrikes huddling together against a night that was starting to turn colder.”
Treacherous Journey, Warsaw, Poland by Grzegorz Długosz
“Goosanders breed in the park about one kilometre from Poland’s life-giving River Vistula.
“Each mother has to move her brood to the river as quickly as possible due to lack of food and safety in the park.
“They make the journey through a series of underground passages and over a six-lane highway.
“Each year a group of volunteers help them cross this deadly road by stopping the traffic.
“This image shows a mother goosander crossing a smaller road because she decided not to use the scary and dark underground passage below it.”
Inmates, Bali, Indonesia by Cheng Kang
“This poignant image captures the harsh reality in one of Bali’s bird markets.
“The pair of lovebirds face each other in separate cages, appearing to say their final farewells, not knowing if they will see each other again.
“Who knows what joys they would have experienced together in their lush native rainforests and whether they will ever experience that again.
“Their silent connection transcends physical barriers, emphasising the complex interaction between yearning for freedom and the urge to escape from captivity for human pleasure.”
Human and Nature (and dog), Mecklenburg-Western Pomerania, Germany by Emil Wagner
“I took this photo on a beautiful beach on the Baltic Sea.
“There are a number of waders and other birds here, but also many visitors who enjoy the beautiful landscape.
“In this case there was also a dog who initially did not notice the grey plover. The grey plover, however, did notice the dog and flew away shortly after I took the photo.
“While I do not believe this incident greatly stressed the bird, it is crucial to acknowledge the potential impact of human activity and tourism on protected species and their habitats.”
Turbulent Fish Hunt, Lake Federsee, Bad Buchau, Germany by Julian Mendla
“Lake Federsee is a famous wintering area for numerous migratory birds.
“From November to March, Eurasian bitterns are frequent visitors to this lake.
“As soon as the lake freezes over, these rare birds retreat to trenches through the reeds.
“Surprisingly, this individual was very close to the boardwalk that leads through the nature reserve.
“From there, I could easily watch its fishing campaign and take numerous photos.”
Business
‘No money and no answers’ two years after funeral firm’s collapse
Margaret and David Fee spent thousands of pounds on pre-paid funeral plans to lessen the trauma for their loved ones when they died.
But in 2022, they were among 46,000 people who discovered Safe Hands Plans Ltd – the company they trusted to organise their funerals – had collapsed.
Two years on, and while an ongoing fraud investigation is looking into the firm’s dealings, Margaret and David are no closer to getting a penny back, or to finding the answers that they are demanding about what went wrong.
And with a new government in place, a consumer group is calling for ministers to launch a public inquiry into the defunct funeral firm.
Margaret – a former bereavement services officer with the NHS – said the plans were paid for from David’s pension pot.
She said she only worked part-time, so had a “very small” pension pot.
The pair, both 78, are now retired and living in Ratby, Leicestershire.
They invested £2,745 each from David’s pension to pay for their funerals in 2015.
Safe Hands assured them their money was ringfenced and protected, with all aspects of the funerals accounted for.
But seven years later, the company went into administration and with it, went the couple’s money.
Funeral plans are designed to allow people to set money aside during their lives, to help their families pay for a funeral when they die.
Previous unregulated
The plans became particularly popular as funeral prices soared, but there were questions over the lack of protection if a provider went bust.
Since July 2022, providers have required approval to operate from the Financial Conduct Authority (FCA), giving consumers greater protection.
Safe Hands was one of dozens of companies operating in the previously unregulated pre-paid funeral sector, and collapsed four months before the measures came in.
The Serious Fraud Office (SFO) opened its investigation, which is ongoing, into Safe Hands in October 2023.
As customers who bought directly through Safe Hands, Margaret and David were offered the chance to pay half the amount again to renew their full plan with either Dignity or Co-op.
Margaret and David – a former electrical maintenance engineer – took up this offer, paying one plan upfront using money from David’s pension fund, and the second on a monthly payment plan, both with Dignity.
They say the firm’s collapse hit their monthly premiums and left them in a vulnerable financial position.
“We never thought we’d be in this position to pay off something monthly again. We thought we were comfortable. Now, we’re not getting into debt but there’s nothing left. There’s no money for treats,” said Margaret.
They believe their health has suffered because of it.
David, speaking tearfully as Margaret comforted him, said: “It gets you inside, stomach ulcers and that through worry, and all these things add up eventually.
“And sometimes you think, is it worth carrying on? But you’ve got to.”
Gill Marshall, a retired grandmother of four, paid £4,000 for a Safe Hands funeral plan.
Her husband, Paul, died suddenly aged 57 while on a trip in France in 2012.
The family did not have a plan, insurance or enough funds to pay for the repatriation.
To bring her husband home and organise his funeral, Gill – from Grantham in Lincolnshire – had to borrow the money, took out a bereavement loan from the government, and came close to losing the family home in the process.
“It was a really difficult time and I just did not want my children to be in that position,” she said.
So, for her funeral, Gill turned took out a Safe Hands plan.
She gave the matter no more thought until a letter arrived on 19 September 2022, informing her the company had gone into administration.
“You’re just lost aren’t you? Because the money’s gone,” she said.
“You thought you were set up, and then not only have you not got a funeral plan, but you haven’t got the money to put it into another one.”
The administrators for Safe Hands, FRP Advisory, declined to comment on the ongoing situation.
But it has issued four publicly-available progress reports since it took over administration of the firm.
In its latest report from May, the administrators stated it had “continued to pursue claims”.
The report states it has made “substantial progress with the process of adjudicating planholders’ submitted claims”.
However, the firm has not yet been able to return any money to Safe Hands customers.
Prior to the collapse of Safe Hands, there was no industry regulation as long as the money was kept in a trust, meaning it would be carefully handled by account trustees.
But by July 2022, all pre-paid funeral firms had to get approval to operate from the FCA.
Safe Hands applied, but the company then withdrew its application. Unable to trade without regulation, the company went into administration in March 2022.
FRP Advisory told the BBC planholders are owed an estimated £70.6m – and the expected returns are between £8m and £10.9m.
No repayment terms
The administrators’ progress documents show a series of financial transactions made prior to the collapse of Safe Hands.
Of the tens of millions owed to planholders, the documents show £45.1m of investments were made in the Cayman Islands – where there is no UK jurisdiction.
In addition, in 2018, a loan of about £3.5m was received by the company’s previous owner, Malcolm David Milson. According to documents filed by Safe Hands on Companies House, it was issued without any repayment terms.
The BBC has invited Mr Milson to comment on the payment, but he did not respond.
Lara Gee – financial expert and associate professor in accounting at the University of Nottingham – says the company had plenty of time to get its finances in order, to be able to comply with regulation.
“In 2017, Safe Hands themselves were part of the original group of funeral care plan issuers that came together to discuss the future of the industry and how it should be regulated,” she said.
“With that in mind, you would expect that they would look at what the FCA might require of them, they would be making investments in line with the regulation requirements so they would be ready, well ahead, as many other providers did.”
Both former owners of Safe Hands – Mr Milson and Richard Philip Wells – were contacted about the company’s finances, but they did not respond.
Consumer group Fairer Finance says with a new government in place, it will now push for a public inquiry.
It says it warned the Treasury, and the FCA, in a meeting back in 2017 about the financial situation with Safe Hands and the risk of it collapsing.
It believes if the organisations had taken action, the significant loss for planholders could have been avoided.
The FCA says at the time, it had limited powers as Safe Hands was not regulated.
Meanwhile, a Treasury spokesperson said: “Once concerns were raised about the funeral plan market, we made it illegal to sell pre-paid funeral plans without authorisation from the Financial Conduct Authority – protecting 1.6 million customers and their families.”
In response to its ongoing inquiry, the Serious Fraud Office told the BBC that its “active criminal investigation into alleged fraud” by Safe Hands and its parent company SHP Capital Holdings Limited was progressing.
The organisation has not given any indication as to how long the investigation could take, which is of little consolation to those who have lost money – like Margaret and David.
“I think they want criminally prosecuting – to tell the truth,” Margaret added.
“They’ve caused so much pain to such a vulnerable age group.”
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