Saturday, February 26, 2022

Mexico’s avocado heartland held hostage by drug violence


By AFP
February 25, 2022

Mexican soldiers patrol the town of Aguililla in the western state of Michoacan,
 a battleground for rival drug cartels - 
Yussel Gonzalez

As Super Bowl fans devoured tons of guacamole in the United States, soldiers in the world’s biggest avocado-producing region in Mexico were deactivating makeshift landmines left by warring drug traffickers.

At the same time, officials scrambled to end a suspension of Mexican avocado exports to the United States prompted by threats against a US inspector in the western state of Michoacan.

The Super Bowl party was soon over and on February 18 Washington announced that Mexican shipments of the fruit beloved for its creamy green flesh would resume after a week-long halt.

But in Michoacan the battle continues for control of the region’s agricultural riches, which organized crime groups fight for a slice of through robbery, kidnapping and extortion.

In the town of Aguililla, birthplace of Nemesio “El Mencho” Oseguera, head of the Jalisco New Generation Cartel, bullet-pocked houses sit next to abandoned crops and hidden explosive devices.

Oseguera, 55, is one of the United States’ most-wanted fugitives with a $10 million bounty on his head.

With sales worth $2.8 billion dollars to Mexico in 2021, the avocado is highly prized by his powerful cartel and the rival Los Viagras, who are also fighting over drug smuggling routes.

In February alone, when consumption of guacamole soars during the National Football League championship, 140,000 tons of avocado are expected to have been shipped from Mexico to the United States.

The introduction of new unspecified measures to ensure the safety of US inspectors allowed exports to resume from Michoacan, the only Mexican state with approval to ship avocados to the US market.

– Longing for peace –

In early February, before the incident with the inspector, the Mexican army entered Aguililla without the use of force.

Since then, the military has patrolled several towns in Michoacan that bear the scars left by traffickers: bullet holes, barricades and graffiti with the acronym “CJNG” on walls.

The criminals also left behind makeshift landmines, a new tactic that reflects an escalation in the drug-related violence blamed for most of the roughly 2,700 murders in Michoacan in 2021.

In mid-February, one of the devices killed a 79-year-old man.

Around 250 mines have been located since soldiers were deployed to the area, the military told AFP during a demonstration of their work to defuse them.

Residents in Aguililla — home to 14,000 people — voiced hope that the army would stay.

“Hopefully there will be peace,” said a middle-aged man who did not want to give his name.

Some fear that the criminals are lying in wait for the military to leave the area.

Months earlier, Aguililla had lived under a state of near siege.

Blockades by cartels aimed at preventing their enemies from getting supplies prompted many people to move elsewhere in Michoacan.

Others hope to migrate illegally to the United States.

At one point last year, residents said, “El Mencho” even walked through the town in a show of force.

Authorities accuse his organization of attacking them with explosive-laden drones and of deploying heavy weapons and armored vehicles.

– Caught by surprise –

Industry sources said the threat to the inspector was believed to be linked to attempts by some producers to surreptitiously export avocados from states other than Michoacan to the United States.

The suspension shook a business that for more than two decades has grown accustomed to record exports in the weeks leading up to the Super Bowl.

“It took us all by surprise,” said Jorge Moreno, a businessman from the municipality of Ario de Rosales at the heart of the avocado-producing region.

The announcement came at a time when many producers were harvesting the fruit, or had already done so, he said, sparking fears they would be left to rot in warehouses.

It was in Ario de Rosales that avocado farmers last year formed a self-defense group that they said was needed to prevent kidnapping, extortion and theft by criminal groups.

Mexican President Andres Manuel Lopez Obrador opposes such vigilante groups — which first emerged in Michoacan in 2013 — saying they are often infiltrated by criminals.

Since 2006 when a previous government launched a controversial anti-drug military operation, Mexico has recorded more than 340,000 murders, according to official figures.

Evangelina Contreras, 54, left her coastal community in Michoacan and is searching for her missing daughter.

The region is unrecognizable compared with the early 2000s, when “you could walk freely and go out at night,” she recalled wistfully.

“Now you can’t,” she said.




 

Bangladesh journalists 'under attack' - UN rights experts warn

In a statement released earlier this month, five UN Special Rapporteurs highlighted the "appalling and pervasive culture of impunity in Bangladesh," over the failure of Bangladeshi authorities to ensure justice for two journalists killed ten years ago.

JournalistsSagar Sarowar and Meherun Runi, were killed in 2021, yet no one has been charged with their death. Sagar and Runi were stabbed to death in their own home, in front of their 5-year-old son. 

"When crimes against journalists go unpunished, they embolden the perpetrators and encourage more attacks, threats and killings with the intention of intimidating the media into silence. We see those deeply worrying signs in Bangladesh," the special rapporteurs stated. 

Sarowar and Runi were about to publish a piece detailing the corruption in Bangladesh's energy sector just before they were brutally murdered.

The Rapid Action Battalion (RAB), a unit of the Bangladesh police, took the case in 2012. However, even after the Bangladesh High Court ordered for the 84th time they publish their findings, they still have not done so. 

"Journalism should not carry the inherent risk of being attacked, intimidated or killed with impunity but unfortunately that is the current reality for many journalists, human rights defenders and other members of civil society in Bangladesh," stated the UN Special Rapporteurs.

In 2012, the UN sent a letter to the government of Bangladesh detailing several journalists, including Runi and Sarwar, yet received no response back. 

"At least 15 journalists have been killed in Bangladesh in the past decade," stated the special rapporteurs. "The incidents appear to be rarely investigated or prosecuted. In some cases, local authorities are thought to be directly implicated in the attacks."

"We urge the government to conduct and complete prompt, thorough, independent and effective investigations and bring perpetrators to justice for the murder of Sagar Sarowar and Meherun Runi and other killings of journalists and human rights defenders in Bangladesh," the OHCHR statement read.

The statement also highlighted the case of the writer Mushtaq Ahmed who died in custody last year. Ahmed was detained under the heavily criticized Digital Security Act after publishing a piece criticizing the government's COVID-19 response. Ahmed was tortured and refused timely and adequate medical care. 

Last month, journalists in Sri Lanka deemed the month "Black January" commemorating the intimidation, murder and enforced disappearance of journalists. They documented the death of 43 journalists, most of which were Tamil. 

Read more here. 

 

UN Human Rights chief reiterates calls for 'targeted sanctions' and prosecutions in new report on Sri Lanka

In a new report, the UN High Commissioner expresses concern over the lack of accountability for human rights violations committed by Sri Lanka and renewed her call to member states to use universal jurisdictions and targeted sanctions against alleged perpetrators of human rights abuses.  

In her written update, UN High Commissioner, Michelle Bachelet said she “remains concerned about the continued lack of accountability for past human rights violations and recognition of victims’ rights in Sri Lanka, particularly those stemming from the conflict that ended in 2009.”

“There has been a further drift towards militarisation and an emphasis of Sinhala nationalism and Buddhism in State institutions has become more visible, increasing the marginalisation and uncertainty of minority communities, and undermining reconciliation,” the report adds. 

 

 

Commenting on the recommendations she provided in her 2021 report, the High Commissioner called on member states to:

"Cooperate with victims and their representatives to investigate and prosecute international crimes committed by all parties in Sri Lanka through judicial proceedings in domestic jurisdictions, including under accepted principles of extraterritorial or universal jurisdictions and continue to explore possible targeted sanctions against credibly alleged perpetrators of grave human rights violations and abuses."

Bachelet also urged member states to:

"Review asylum measures with respect to Sri Lankan nationals to protect those facing reprisals and refrain from any refoulement in cases that present real risk of torture or other serious human rights violations."

Bachelet asserts that despite Sri Lanka’s engagement with the Office of the High Commissioner for Human Rights, “a comprehensive vision for a genuine reconciliation and accountability process is urgently needed, as well as deeper institutional and security sector reforms that will end impunity and prevent the recurrence of violations of the past.” 

Militarisation and land rights 

The report highlights that the last two years have seen an increase in the militarisation of civilian functions in Sri Lanka. Bachelet warns that “the concentration of civilian positions in the hands of military officials, affects the democratic governance and the long-term character of the state.” 

She also expressed concerns over the “disproportionately high number of military checkpoints” in the North which has led to an increase in discriminatory treatment especially against  women. 

The High Commissioner outlines that "a renewed trend of land disputes related to Buddhist heritage conservation or forestry protection, has created new tensions with minority communities, particularly in the Eastern Province given the diverse population and heritage of the region." The report also affirms the role of the Sri Lankan police, military and Buddhist clergies "to identify archaeological monuments and facilitate the repair or construction of Buddhist sites." 

"The Government has also imposed restrictions on land use in these areas on the basis of environmental and forest preservation. Minority communities fear the program is being used to change the demographic landscape of the region.  This could impact livelihoods and increase potential for new conflicts."

Prevention of Terrorism Act 

Last month, Sri Lanka announced a series of proposed ‘reforms’ to the widely criticised Prevention of Terrorism Act (PTA). Bachelet notes that the Government of Sri Lankan claims that these reforms are the “initial steps towards promulgation of more comprehensive legislation.”

“However, other parts of the proposed amendments do not comply fully with Sri Lanka’s international human rights obligations and leave intact some of the most problematic provisions of the PTA,” the report states. 

She urges Sri Lanka to “give full consideration to the analysis and recommendations made over many years by UN human rights mechanisms on the PTA” and called on the authorities to apply a moratorium on its use until it is replaced by legislation that fully complies with international standards. 

Intimidation tactics 

The report also expresses concern over the surveillance and harassment of victim survivors, activists and civil society organisations, particularly in the North-East. 

She also highlights that the OHCHR “received several reports that victim groups continue to face harassment and intimidation from the authorities, including multiple visits from intelligence and police officers inquiring about plans for protests or commemoration or their past links with the Liberation Tigers of Tamil Eelam (LTTE).”

“In addition, rehabilitated LTTE members and their families or anyone considered to have had any link to LTTE during the conflict are targets of constant surveillance,” the report added. 

After President Gotabaya Rajapaksa took office, Sri Lanka decided to withdraw its co-sponsorship of UN resolutions, claiming that they would achieve justice and accountability through a domestic mechanism. However, Bachelet emphasises that “two years on, the Government has yet to come forward with any credible new roadmap on transitional justice towards accountability and reconciliation.” 

Transitional justice 

The human rights chief also drew attention to the plight of the Tamil families of the disappeared who have been demanding to know the whereabouts of their loved ones. 

In November 2021, Sri Lanka reported that the Office of Missing Persons (OMP) had established four panels of inquiry to conduct investigations and to enable the OMP to issue of Certificate of Absence or Certificate of Death to the families. 

However, the “OHCHR is concerned that the verification seems to be aimed at reducing the case load and closing files rather than a comprehensive approach to establish the truth and ensure justice and redress to families.”

She expressed that the families “have a right to truth, justice, reparation and guarantees of non-recurrence” and urged Sri Lanka to “acknowledge their sufferings, urgently determine the fate or whereabouts of victims, provide reparations, and bring perpetrators to justice. 

Recommendations

In her report, Bachelet urges Sri Lanka to “go much further and deeper with the legal, institutional and security sector reforms”  that are necessary to comply with the country’s international human rights obligations and to prevent the recurrence of grave violations. 

Bachelet highlights the lack of progress made by successive Sri Lankan governments to ensure justice for victim survivors. If Sri Lanka continues to fail to provide tangible results, Bachelet calls on the Human Rights Council to “continue to pursue international strategies for accountability.” 

“Sri Lanka will only achieve sustainable development and peace and lasting reconciliation if it ensures civic space, independent and inclusive institutions, and puts an end to systemic impunity,” she added. 

Read the full report here

More than 5 million children have lost a caregiver to the pandemic, a study says.

Family members at a mass crematorium ground in East Delhi, India, in April 2021.
Credit...Atul Loke for The New York Times


By Eduardo Medina
NEW YORK TIMES
Feb. 25, 2022

A new study estimates that at least 5.2 million children around the world lost a parent or other caregiver to Covid-19 in the first 19 months of the pandemic.

“Children are suffering immensely now and need our help,” said Susan Hillis, a senior researcher at the University of Oxford and a lead author of the study, which was published in the medical journal The Lancet on Thursday.

The study was based on data from 20 countries, including India, the United States and Peru, and was completed by an international research team that included experts from the Centers for Disease Control and Prevention, the World Health Organization and several colleges and universities.

It warns that a child who loses a parent or a caregiver could suffer negative effects including an increased risk of poverty, sexual abuse, mental health challenges and severe stress.

An earlier study, focused on the first 13 months of the pandemic, arrived at an estimate of 1.5 million affected children. The new figure is much higher not just because it adds data for six more months, researchers say, but also because the first estimate was a significant undercount. Using updated figures on Covid-related deaths, the researchers now calculate that at least 2.7 million children lost a parent or caregiver during the first 13 months.

The new study covers data through October 2021, and does not include the latest surge in cases from the Omicron variant, which have undoubtedly added to the toll.

“It took 10 years for five million children to be orphaned by H.I.V./AIDS, whereas the same number of children have been orphaned by Covid-19 in just two years,” Lorraine Sherr, a professor of psychology at University College London and an author of the study, said in a statement.

Davyon Johnson, 11, from Muskogee, Okla., is one of the millions of children to have lost a parent — in his case, his father, Willie James Logan, who died two days after being hospitalized with Covid in August 2021.

“It’s been a rocky road, I’ll say it like that,” Davyon’s mother, LaToya Johnson, said in an interview.

Davyon has dealt with the grief as best as he can, she said. His grades are still strong. He’s still eager to see friends. Still, there are days when they are both exhausted.

“Up and down — up and down,” Ms. Johnson said of their emotions. “It’s him wanting to call his daddy and not being able to.”

Darcey Merritt, a professor of child welfare at New York University who was not involved in the study, said the deaths of parents and caregivers would have a “long, far-reaching impact” on children, especially those in lower-income households.

Children of color in the United States, she added, are particularly at risk of negative consequences.

A study in the journal Pediatrics last year found that in the United States, one in every 168 American Indian or Alaska Native children, one in every 310 Black children, one in every 412 Hispanic children, and one in every 612 Asian children had lost a caregiver, compared with one in 753 white children.

The study in The Lancet found that two out of three children orphaned are between 10 and 17, and a majority of the children who lost a parent lost their father.

Juliette Unwin, a lead author of the study from Imperial College London, said in a statement that as the researchers receive more data, they expected the figures to to grow “10 times higher than what is currently being reported.”

“The pandemic is still raging worldwide,” Dr. Unwin said, “which means Covid-19-related orphan hood will also continue to surge.”

Eduardo Medina is a reporter covering breaking news. He is also a member of the 2021-22 New York Times fellowship class. @byEduardoMedina

Friday, February 25, 2022

US Treasury: Most COVID rental aid went to low-income residents

Fri., February 25, 2022


WASHINGTON (AP) — More than 80% of the billions of dollars in federal rental assistance aimed at keeping families in their homes during the pandemic went to low-income tenants, the Treasury Department said.

It also concluded Thursday that the largest percentage of tenants receiving pandemic aid were Black followed by female-led households. In the fourth quarter of 2021, Treasury found that more than 40% of tenants getting help were Black and two-thirds of recipients were female-headed households. The data was consistent with what Treasury saw throughout the year.

“This is money that flows from Treasury to every state and territory in the country, and we really have seen a real focus on delivering these dollars,” said Noel Andrés Poyo, the deputy assistant secretary for Community Economic Development at Treasury. "It has been encouraging from my point of view to see states that are very diverse and to see these agencies lean into something really hard, it was really tough to stand up these programs, this data reflects where the need was.”

According to the Eviction Lab at Princeton University, those most likely to face eviction are low-income women, especially women of color. Domestic violence victims and families with children are also at high risk for eviction.

“It’s really encouraging to see so much of the rental assistance reaching those most in need: women, Black renters, and low-income households in particular,” Peter Hepburn, a research fellow at the Eviction Lab, said. “These are the groups that face highest risk of eviction and who were most severely affected by the economic impacts of the pandemic. They’re the ones that this money was meant to help.”

Lawmakers approved $46.5 billion in Emergency Rental Assistance last year. After early challenges getting the funds out, the pace of distribution has picked up significantly in recent months. Throughout 2021, over $25 billion has been spent and obligated. That represents 3.8 million payments to households, Treasury said Thursday.

The agency's findings on beneficiaries showed their efforts to reach low income communities the past year had paid off.

Among other things, Treasury recommended states and localities make applications multi-lingual and introduced flexible guidelines that allow tenants to self-attest for their income. It also targeted harder-to-reach communities and worked to promote the rental assistance program in Black and Spanish media.

“A year later, Treasury is pleased to report that the vast majority of rental assistance has gone to keeping the lowest-income families in their homes during the pandemic," Deputy Secretary Wally Adeyemo said in a statement. “This wasn’t by accident, and we continue to use every lever to ensure these funds are distributed equitably and encourage state and local grantees to increase ease of access.”

A good example has been Oregon, which said it went beyond Treasury guidance in how funds would be prioritized such as whether a household lives in a census tract with a high percentage of low income renter at risk of experiencing housing instability or homelessness. Applications are available in five languages and priority given to those most in need, not those who are first to apply.

“Our collective efforts to ensure these funds reach the lowest income and most marginalized people is clearly working,” Diane Yentel, CEO of the National Low Income Housing Coalition, said. “Households that received assistance were predominantly very low and extremely low income and disproportionately people of color.”

___

Casey reported from Boston.

Michael Casey And Fatima Hussein, The Associated Press
Oregon Lawmakers Propose $400M For Housing And Homelessness

By SARA CLINE
Associated Press/Report for America

 Frank, a homeless man, sits in his tent with a river view in Portland, Ore., on June 5, 2021. Lawmakers in Oregon's Legislature on Thursday, Feb. 24, 2022, proposed a $400 million package to "urgently" address affordable housing and homelessness in a state that has one of the highest rates of unhoused people in the country. 
(AP Photo/Paula Bronstein, File)

PORTLAND, Ore. (AP) — Lawmakers in Oregon’s Legislature on Thursday proposed a $400 million package to urgently address affordable housing and homelessness in a state that has one of the highest rates of unhoused people in the country.

A 2020 federal review found that 35 people in Oregon are experiencing homelessness per 10,000. Only three states had a higher rate: New York (47 people per 10,000), Hawaii (46 people per 10,000) and California (41 people per 10,000).

The plan from majority Democrats, which is being offered during Oregon's current short legislative session, would allocate $165 million to address immediate homelessness needs statewide — including increasing shelter capacity and outreach to the vulnerable population — $215 million to build and preserve affordable housing and $20 million to support home ownership.

“We have heard from Oregonians that they want to see action to address homelessness and housing affordability and solutions that work,” House Majority Leader Julie Fahey said.

With the proposed package, officials are hoping to not only provide relief to people currently experiencing homelessness, but to also address some of the root causes.

As part of the $165 million in homelessness spending, $50 million would be allocated to Project Turnkey, which buys and repurposes hotels and other buildings to convert into shelter.

In addition $80 million would be used for immediate statewide needs, such as rapid rehousing, and $25 million would go to local governments to respond to the specific needs in their communities –- including shelter, outreach, hygiene and clean-ups.

Portland Mayor Ted Wheeler is leading a lobbying effort to pressure the state to immediately fund temporary homeless shelters.

Currently, Multnomah County, which includes Portland, has the capacity to shelter roughly 1,400 to 1,500 people year-round. There were about 4,000 people experiencing homelessness in Multnomah County in 2019, the last time there was a finalized count of the area’s homeless population — although local advocates predict that the homeless population has increased significantly since then.

Wheeler has blamed the lack of beds on state leaders, who he said have underinvested in temporary shelters compared with neighboring states.

“We need the state government to step up and match the funding levels to expand temporary shelter space now and save lives,” Wheeler said. “This is an Oregon issue, not just a Portland issue.”

Rep. David Gomberg, a Democrat representing Oregon's Central Coast, said: “Our rural and coastal communities suffer the highest child homelessness in the state.”

One of the root causes that advocates in Oregon say leads to homelessness is a lack of affordable housing, an issue that the state has long faced but has been exacerbated during the pandemic.

According to a study published by the state, Oregon must build more than 140,000 affordable homes over the next 20 years and not lose any existing homes.

Lawmakers are proposing $165 million investment in affordable housing. The investment includes supporting affordable housing construction projects struggling with market and supply chain disruptions, acquiring and producing manufactured housing parks, and supporting land acquisition for additional projects.

Fahey acknowledged that while some of the proposed investments may have a more immediate impact, the problems the state faces are not going to be solved overnight.

“We have to be thinking about things that will make a difference in the short term,” Fahey said. “But also, planning for the long term and addressing the root causes of issues.”

—-

Cline is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

NOT GREENWASHING

South African Province Clears Way for $10 Billion Coal Complex

(Bloomberg) --

South Africa’s Limpopo province gave environmental authorization to a China-backed proposal to spend more than $10 billion building a 4,600 megawatt coal-fired power plant, a coking facility and ferroalloy and steel plants.

The authorization, granted on Wednesday, backed the establishment of the Musina-Makhado Special Economic Zone, in which a number of Chinese companies have pledged to invest, according to South Africa’s Trade, Industry and Competition ministry. 

The project, which is not factored into the country’s emissions targets, may still be opposed by the government at a national level and will draw opposition from activists concerned about its impact on thousands of Baobab trees, which take hundred of years to grow, water supplies and air pollution. 

The Chinese government has also said it won’t invest in coal projects outside the country.

The province acknowledged the potential impact on ancestral graves, cautioned against air pollution, saying measures would need to be taken to mitigate emissions and water will be imported from neighboring Zimbabwe. Still, in justifying the decision, it said the province is South Africa’s poorest and has high unemployment.

©2022 Bloomberg L.P.

 

South Africa Removes Anti-Nuclear Activist From Regulatory Board

(Bloomberg) -- South African Energy Minister Gwede Mantashe fired community representative Peter Becker from the board of the National Nuclear Regulator, citing a conflict of interest.

Mantashe said Becker was opposed to the development of new nuclear-power facilities or the extension of the life of South Africa’s existing one, Koeberg, and therefore couldn’t be objective, according to a letter sent to the activist on Friday that was seen by Bloomberg. 

The dispute that led to Becker’s removal highlights the difficulties Eskom Holdings SOC Ltd. is facing in its fight to keep its Koeberg nuclear plant in Cape Town operating until 2044. Mantashe, a former coal-mining labor unionist and chairman of the ruling African National Congress, has emerged as a vocal supporter of the nuclear industry, while drawing criticism from environmental activists. Becker, by contrast, is also a spokesman for the Koeberg Alert Alliance, which wants the plant closed.

“You confirm that the Koeberg Alert Alliance is opposed to any new nuclear plants being established, as well as the extension of the life of Koeberg and that you hold those same views,” Mantashe said in the letter. “How then can you make an objective decision when presented with objective, scientific evidence in respect of the extension of the life of Koeberg?” 

By law, the minister has to appoint a community representative to the board. He complained, in the letter, that Becker had brought the board into disrepute by objecting publicly to its decisions. Becker was suspended on July 18 and then sued Mantashe, forcing the minister to make a decision whether to retain him or fire him from the board.

Becker said he will consult with his legal team and the communities he was representing before responding.

While Eskom has yet to receive final permission to extend the life of Koeberg, the only nuclear-power facility in Africa, it has started a program to spend about 20 billion rand ($1.3 billion) on new steam generators as part of the work needed to keep it operating.

Becker and Koeberg Alert have opposed the extension of Koeberg’s operating license because of the nuclear plant’s proximity to Cape Town, a city of 4 million people, citing what they say is a potential for earthquakes.

©2022 Bloomberg L.P.

GOOD RIDDANCE TO MR.ANTI-SCIENCE 

Climate Skeptic Jim Inhofe to Quit U.S. Senate, Back His Chief of Staff

(Bloomberg) -- Oklahoma Republican Senator Jim Inhofe, a leading skeptic of climate change who is his party’s ranking member on the Armed Services Committee, plans to resign the seat that he has held since 1994.

Inhofe, 87, told the Oklahoman newspaper that he’s endorsing Luke Holland, his chief of staff, as his replacement to finish out his term, which ends in January 2027. He plans to remain in office through the end of the year.

Inhofe, who was elected to fifth six-year term in 2020, told the Oklahoman that he and his wife, Kay, “have decided that we need to have time together.” 

As the top Republican of the Senate Armed Services Committee,  Inhofe is a prominent voice on national security and military spending issues. Inhofe, who also previously led the Senate’s environmental panel, vigorously defended his home state’s oil and gas industry and is one of the party’s leading skeptics on climate change. He made headlines for bringing a snowball onto the Senate floor during debate over the issue in 2015.

Other potential Republican contenders for Inhofe’s seat include include Matt Pinnell, the state’s lieutenant governor; T.W. Shannon, the former speaker of the Oklahoma House of Representatives; and R. Trent Shores, a former U.S. attorney in the state, according to the New York Times, which earlier reported on Inhofe’s plans. 

Under Oklahoma law, candidates for Inhofe’s seat would have to file by the mid-April deadline in order to run in the June primary. If no candidate gets a majority of the vote, the top-two vote-getters would compete in the August run-off. Whoever wins the GOP nomination would be favored to win the November election given the state’s solidly Republican history.

©2022 Bloomberg L.P.


HE BROUGHT A SNOWBALL TO

CONGRESS TO PROVE THERE IS NO

GLOBAL WARMING


Oklahoma's Inhofe confirms he is resigning US Senate seat

Oklahoma’s U.S. Sen. Jim Inhofe says he will step down

 before his six-year term is up and that he is “absolutely” at 
peace with the decision


Election 2022 Inhofe
(Copyright 2019 The Associated Press. All rights reserved.)

Oklahoma's U.S. Sen. Jim Inhofe, the ranking Republican on the Senate Armed Services Committee, says he will step down before his six-year term is up and that he is “absolutely” at peace with the decision.

In an interview published Friday by The Oklahoman, the 87-year-old Inhofe said he and his wife, Kay, “have decided that we need to have time together.”

Inhofe has held the seat since 1994 and his departure will trigger a special election for his replacement.

“I didn’t make a solid decision until two or three weeks ago,” Inhofe told the newspaper. “There has to be one day where you say, ‘All right, this is going to be it.’”

Inhofe, who was elected to a fifth Senate term in 2020, said he will continue to serve until the next Congress begins in January.

The timing of Inhofe's announcement is related to a quirk in Oklahoma law that requires the governor to call a special election if a lawmaker announces they intend to retire before March 1. The special election would be held concurrently with the statewide primary, runoff and general election, part of the nation’s midterms.

Republicans will be heavily favored to retain the seat; Oklahoma hasn't sent a Democrat to the Senate since 1990.

Inhofe's announcement is likely to trigger a series of announcements from Republicans planning to run for the seat. Among those expected to consider the race are Republican U.S. Reps. Kevin Hern and Markwayne Mullin; former Speaker of the Oklahoma House of Representatives T.W. Shannon, who ran for U.S. Senate in 2014; and Tulsa attorney Gentner Drummond, who is currently running for attorney general.

In his interview with The Oklahoman, Inhofe endorsed his chief of staff, Luke Holland, to replace him.

Oklahoma's three-day filing period begins April 13.

CANADIAN,EH

New Calpers CIO Maps Future With More Control and Fewer Private Equity Fees


9Bloomberg) -- Nicole Musicco had a bold pitch: Cut out the giants of private equity and do the job yourself.

Musicco, 47, this week clinched one of the biggest jobs in investing, becoming chief investment officer of the $500 billion California Public Employees’ Retirement System.

Her appointment, and her plans for private equity, heralds a major shift in how the nation’s largest public pension plan, beset with staff turnover and political infighting, meets its obligations to millions of California workers. It could also mean billions less flowing to Wall Street.

In her interview with the board, Musicco laid out a vision for a team inside Calpers that would buy stakes in private companies, according to people familiar with the matter. The change would mean more control and reduce the fees to firms such as Blackstone Inc. or Carlyle Group Inc. It’s a common arrangement in her native Canada, but not in the U.S.

An industry veteran north of the border, Musicco’s focus has long been private equity. But she faced opposition from some board members in the hiring process, said the people familiar, who asked not to be named because the talks were private. Eventually, the concern that she lacked experience overseeing a pool of money as large and sprawling as Calpers was pushed aside by supporters who believed Musicco could embolden the organization’s private equity efforts.

“The full board is supportive of Nicole’s hire and we are excited to have her join Calpers,” Theresa Taylor, the Calpers board president, said in a statement, without providing further details on the hiring process.

Musicco, who spent more than 16 years at the Ontario Teachers’ Pension Plan and a year at the Investment Management Corporation of Ontario before joining RedBird Capital Partners, will arrive in California at a pivotal moment. The fund is making dramatic changes, including stepping up investments in private markets and using borrowed money to boost performance. 

But she faces a tricky task to win over different factions at the pension, all the while operating without the freedom typical at Canada’s public systems.

“I’m not sure Calpers is ready for Nicole Musicco,” said Claude Lamoureux, who was chief executive officer of Ontario Teachers’ for 17 years. “She will do a great job, I have no doubt about it.”

Canadian pensions have other advantages over their American peers. They can attract dealmaking talent more easily without the same stretched budgets and caps on pay, and many of them don’t operate in the same public glare as U.S. pension funds.

The Calpers CIO seat has been vacant since August 2020. During a first round of searches, the board couldn’t agree whether to pick an investing chief best suited as a manager or an investor.

Top candidates included Commonfund CEO and investment chief Mark Anson, people familiar said. He’s also a former Calpers CIO. Amid the disagreements, Calpers paused a search that consultant Korn Ferry spearheaded, and resumed later with recruitment firm Dore Partnership.

Spokespeople for Korn Ferry, Dore Partnership and Commonfund did not reply to requests for comment.

Job Challenges

“This role certainly comes with challenges but we believe Nicole is up to the task,” Calpers spokesman Joe DeAnda said in an emailed statement.

Calpers declined a request to interview Musicco after announcing her appointment Tuesday. She starts on March 28 and will report to CEO Marcie Frost. 

“I have ‘grown up’ in the Defined Benefits Pension industry, and have witnessed first hand with family, and in my community, the importance and impact defined pensions have on individuals and the economy,” Musicco wrote in a LinkedIn post about her new position.

Calpers, in sheer size and complexity, is unparalleled: It’s governed by an often quarrelsome 13-member board, some of whom are elected and often air their differences in public. It has a staff of more than 2,800 and a budget of $1.9 billion.

Returns lag the pension’s 20-year benchmark and until recently were behind its 5-year, 3-year and 1-year measures. Calpers had only about 80% of the funds needed to meet its long-term liabilities at the end of fiscal 2021. (That’s an improvement of nearly 10 percentage points over the previous fiscal year.)

As it seeks to boost gains, Calpers, like other large pension funds, is moving deeper into private equity. Last year it adopted plans to increase such investments to 13% from 8% of assets, and added a 5% allocation to private debt.

Some Calpers officials have expressed concern that private equity investments are riskier and more expensive than other asset classes. Buyout firms typically charge about 2% of assets under management and 20% of profits and require investors to keep money locked up for long periods.

One of the earliest public pension funds to get into private equity, Calpers started to see its returns in the asset class lag behind peers over time as more investors crowded into buyout funds in search of higher returns.

Ted Eliopoulos embarked on a plan to slash the number of managers during his tenure as CIO from 2014 to 2018, hoping for more bargaining power when negotiating fees and terms. He also floated plans to set up Warren Buffett-style vehicles that would hold companies for the long-haul and discussed the possibility of outsourcing the private equity business to BlackRock Inc.

Those ideas fizzled out after his successor Ben Meng took over. Under Meng, Calpers expanded coinvestments, which are typically deals done alongside funds that help to reduce fees.

PE Direction

During her time at Ontario Teachers’, Musicco moved to Atlanta when the fund struck a deal to buy travel tech firm Worldspan. She was there for several months to work with the company’s president. That helped the executive carry out a turnaround in a memorably successful deal, according to Jim Leech, who was head of the pension’s private equity division at the time and later became its CEO.  

“I’m not sure whether they have the courage to go as far as the Canadian model, but she will undoubtedly push them in that direction,” said Leech. Ontario Teachers’, established in 1990, has about C$228 billion ($179 billion) in assets, and is fully funded. 

In recent years, Calpers has faced turmoil in its leadership ranks. Meng, Musicco’s predecessor, left abruptly in August 2020. Calpers determined he approved an investment into a private equity fund managed by Blackstone at the same time he held Blackstone shares. Meng has said he had disclosed all his financial holdings to Calpers. No evidence has surfaced that he made investment decisions to boost personal shareholdings.

A trauma that continues to haunt many Calpers staff is a pay-to-play scandal in the aughts. In 2016, former Calpers CEO Federico Buenrostro was sentenced to four-and-a-half years in prison for steering $14 million in fees to a former board member in exchange for cash bribes and gifts.

“People worried they couldn’t find anybody good,” to fill the CIO position, said Ashby Monk, executive director of the Stanford Research Initiative on Long-Term Investing. He added that it could take some time for Musicco to acclimate to the Calpers environment. 

“She’s really got to understand the organization in advance of understanding the portfolio,” he said.

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