An executive for an investment firm that adheres to the principles of Islam and Islamic finance explains why the firm has stepped into the arena of shareholder engagement with its first shareholder resolution, calling on Exxon Mobil to increase transparency in its lobbying spending.Full Story»
Facing a wave of criticism for allowing advertisers to exclude anyone with an “affinity” for African-American, Asian-American or Hispanic people from seeing ads, Facebook said it would build an automated system that would let it better spot ads that discriminate illegally.
The ubiquitous social network not only allows advertisers to target users by their interests or background, it also gives advertisers the ability to exclude specific groups it calls “Ethnic Affinities.” Ads that exclude people based on race, gender and other sensitive factors are prohibited by federal law in housing and employment.
When Congress approved the landmark Medicare Part D program in 2003 to help seniors buy prescription drugs, it slapped on an unusual restriction: The federal government was barred from negotiating cheaper prices for those medicines. The ban on government price bargaining, justified by supporters on free market grounds, has been derided by critics as a giant gift to the drug industry.
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