Law of the United Kingdom

Governors may make good presidents − unless they become 'imperial governors' like DeSantis

Retrieved on: 
Wednesday, August 30, 2023
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In fact, a 2016 Gallup Poll found that almost 74% of people say that governing a state provides excellent or good preparation for someone to be an effective president.

Key Points: 
  • In fact, a 2016 Gallup Poll found that almost 74% of people say that governing a state provides excellent or good preparation for someone to be an effective president.
  • But as the former executive director of the National Governors Association for 27 years, I have worked with well over 300 governors.
  • During that time I have been part of many conversations with governors regarding other governors running for president.

A dominant position

    • That experience often creates a false impression that what they did in their states they can do for the nation.
    • These are not exactly issues important to citizens of most other states and thus not useful as a foundation for a presidential campaign.
    • This is clearly reflected in a recent New York Times poll of Republicans, where only 17% supported an anti-woke campaign, while 65% supported a law-and-order campaign.

Significant power

    • Governors traditionally have more constitutional and legal powers than do presidents, particularly in terms of budgets and in cases of emergency.
    • Often, I heard these comments during discussions with governors at National Governors Association meetings.
    • Similarly, many governors can cut previously enacted state budgets by up to 5% without consent from the legislature.
    • Governors also typically have more power than presidents during emergencies.

Political prominence

    • Governors often are the dominant political force in their states.
    • They particularly tend to overshadow the legislative and judicial branches – which significantly limit the power of the president at the federal level.
    • Governors dominate the legislature, in part, because state lawmakers tend to have very few staff to help them – if any at all.
    • In addition, most state legislators are part time and may only be in session a few weeks per year.

A matter of timing

    • The last governor that I remember who reached imperial status was Scott Walker, Wisconsin’s governor from 2011 to 2019.
    • He ran for president in 2016 but withdrew after only two months because of his poor showing in the polls.
    • This year, in addition to DeSantis, five other former or current governors have declared they are running for president.
    • But most of them are not imperial governors nor at risk of becoming one.
    • In addition, many in his party believe he would have had difficulty in his bid for reelection.

Independent Proxy Advisory Firm Glass Lewis Recommends Hut 8 Shareholders Vote for Merger of Equals with US Bitcoin Corp

Retrieved on: 
Wednesday, August 30, 2023
Bitcoin, Data mining, Hut, Hut 8, Glass Lewis, Fiat, Transaction, Supreme court, Law of the United Kingdom, TSX, ESG, Cryptocurrency

The recommendation comes as Hut 8 continues to make progress on the Transaction, pursuant to which Hut 8 and USBTC will combine in an all-stock merger of equals.

Key Points: 
  • The recommendation comes as Hut 8 continues to make progress on the Transaction, pursuant to which Hut 8 and USBTC will combine in an all-stock merger of equals.
  • The combined company will be named Hut 8 Corp. ("New Hut") and will be a U.S.-domiciled entity.
  • This recommendation follows Institutional Shareholder Services Inc., the world's leading provider of corporate governance and responsible investment solutions, recommending that Hut 8 shareholders vote in favour of the resolutions.
  • "As we continue to make progress toward closing the Transaction with USBTC, we are very pleased that Glass Lewis has recommended Hut 8 shareholders vote in favour of all resolutions to establish New Hut," said Jaime Leverton, CEO of Hut 8.

Independent Proxy Advisory Firm Glass Lewis Recommends Hut 8 Shareholders Vote for Merger of Equals with US Bitcoin Corp

Retrieved on: 
Wednesday, August 30, 2023
Bitcoin, Data mining, Hut, Hut 8, Glass Lewis, Fiat, Transaction, Supreme court, Law of the United Kingdom, TSX, ESG, Cryptocurrency

TORONTO, Aug. 30, 2023 /PRNewswire/ -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure providers, announced today that Glass Lewis & Co. ("Glass Lewis"), the second-largest American proxy advisory services company in North America, has recommended that Hut 8 shareholders vote in favour of the resolutions approving the proposed business combination (the "Transaction") with U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC").

Key Points: 
  • The recommendation comes as Hut 8 continues to make progress on the Transaction, pursuant to which Hut 8 and USBTC will combine in an all-stock merger of equals.
  • The combined company will be named Hut 8 Corp. ("New Hut") and will be a U.S.-domiciled entity.
  • This recommendation follows Institutional Shareholder Services Inc., the world's leading provider of corporate governance and responsible investment solutions, recommending that Hut 8 shareholders vote in favour of the resolutions.
  • "As we continue to make progress toward closing the Transaction with USBTC, we are very pleased that Glass Lewis has recommended Hut 8 shareholders vote in favour of all resolutions to establish New Hut," said Jaime Leverton, CEO of Hut 8.

Independent Proxy Advisory Firm ISS Recommends Hut 8 Shareholders Vote for Merger of Equals with US Bitcoin Corp

Retrieved on: 
Tuesday, August 29, 2023
Bitcoin, Data mining, Hut, Hut 8, Fiat, Transaction, Supreme court, Law of the United Kingdom, TSX, ESG, ISS, Cryptocurrency

The recommendation comes as Hut 8 continues to make progress on the Transaction, pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC") will combine in an all-stock merger of equals.

Key Points: 
  • The recommendation comes as Hut 8 continues to make progress on the Transaction, pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC") will combine in an all-stock merger of equals.
  • The combined company will be named "Hut 8 Corp." ("New Hut") and will be a U.S.-domiciled entity.
  • "We continue to make progress toward closing the Transaction with USBTC and are very pleased that ISS has recommended that Hut 8 shareholders vote in favour of all resolutions to establish New Hut," said Jaime Leverton, CEO of Hut 8.
  • "We believe that once completed, the merger will establish a strengthened, dynamic business backed by both Bitcoin and fiat revenues generated from robust North America-wide operations."

Independent Proxy Advisory Firm ISS Recommends Hut 8 Shareholders Vote for Merger of Equals with US Bitcoin Corp

Retrieved on: 
Tuesday, August 29, 2023
Bitcoin, Data mining, Hut, Hut 8, Fiat, Transaction, Supreme court, Law of the United Kingdom, TSX, ESG, ISS, Cryptocurrency

TORONTO, Aug. 29, 2023 /PRNewswire/ -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, announced today that Institutional Shareholder Services Inc. ("ISS"), the world's leading provider of corporate governance and responsible investment solutions, has recommended that Hut 8 shareholders vote in favour of the resolutions approving the proposed business combination (the "Transaction") with U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC"). 

Key Points: 
  • The recommendation comes as Hut 8 continues to make progress on the Transaction, pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC") will combine in an all-stock merger of equals.
  • The combined company will be named "Hut 8 Corp." ("New Hut") and will be a U.S.-domiciled entity.
  • "We continue to make progress toward closing the Transaction with USBTC and are very pleased that ISS has recommended that Hut 8 shareholders vote in favour of all resolutions to establish New Hut," said Jaime Leverton, CEO of Hut 8.
  • "We believe that once completed, the merger will establish a strengthened, dynamic business backed by both Bitcoin and fiat revenues generated from robust North America-wide operations."

Cybin to Acquire Small Pharma Inc.

Retrieved on: 
Monday, August 28, 2023
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View the full release here: https://www.businesswire.com/news/home/20230828350890/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230828350890/en/
    Under the terms of the Transaction, Small Pharma shareholders will receive 0.2409 common shares in the capital of Cybin (“Cybin Shares”) for each common share of Small Pharma (“Small Pharma Share”) held.
  • Holders of options to purchase Small Pharma Shares that are “in-the-money” based on the volume weighted average trading price of the Small Pharma Shares on the TSXV for the five trading days immediately preceding the effective time of the Transaction (the “Small Pharma Share Value”) will receive from Small Pharma a number of Small Pharma Shares equal to the number of Small Pharma options held, multiplied by the amount by which the Small Pharma Share Value exceeds the exercise price of such Small Pharma options, divided by the Small Pharma Share Value.
  • Each Small Pharma option that is “out-of-the-money” based on the Small Pharma Share Value will be deemed to be surrendered to Small Pharma for $0.001 and cancelled.
  • The Small Pharma Board has unanimously determined, after receiving the unanimous recommendation of the Small Pharma Special Committee, that the Transaction is fair to the Small Pharma shareholders, and in the best interests of Small Pharma, and has unanimously recommended that Small Pharma shareholders vote in favour of the Transaction.

Hut 8 Shareholders Now Able to Vote on Merger of Equals with US Bitcoin Corp

Retrieved on: 
Wednesday, August 23, 2023
Bitcoin, Data mining, Hut 8, Transaction, Supreme court, Law of the United Kingdom, TSX, ESG, Cryptocurrency, Powder King Mountain Resort

Shareholders may vote on the proposed business combination, pursuant to which Hut 8 and USBTC will combine in an all-stock merger of equals (the "Transaction").

Key Points: 
  • Shareholders may vote on the proposed business combination, pursuant to which Hut 8 and USBTC will combine in an all-stock merger of equals (the "Transaction").
  • The combined company will be named Hut 8 Corp. ("New Hut") and will be a U.S.-domiciled entity.
  • New Hut intends to list its shares on Nasdaq and the TSX under the trading symbol "HUT" following the completion of the Transaction, subject to the approval of Nasdaq and the TSX.
  • All shareholders of record have been sent their confidential control number by mail.

Hut 8 Shareholders Now Able to Vote on Merger of Equals with US Bitcoin Corp

Retrieved on: 
Wednesday, August 23, 2023
Bitcoin, Data mining, Hut 8, Transaction, Supreme court, Law of the United Kingdom, TSX, ESG, Cryptocurrency, Powder King Mountain Resort

TORONTO, Aug. 23, 2023 /PRNewswire/ -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, announced today that voting on the proposed business combination with U.S. Data Mining Group, Inc. dba US Bitcoin Corp ("USBTC") is now open.

Key Points: 
  • Shareholders may vote on the proposed business combination, pursuant to which Hut 8 and USBTC will combine in an all-stock merger of equals (the "Transaction").
  • The combined company will be named Hut 8 Corp. ("New Hut") and will be a U.S.-domiciled entity.
  • New Hut intends to list its shares on Nasdaq and the TSX under the trading symbol "HUT" following the completion of the Transaction, subject to the approval of Nasdaq and the TSX.
  • All shareholders of record have been sent their confidential control number by mail.

In one chaotic day, Thailand sees one PM elected, one ex-PM sent to jail. Where does the country go from here?

Retrieved on: 
Wednesday, August 23, 2023
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More than three months after Thailand’s national elections – and many anti-democratic manoeuvres in parliament – the country finally has a new prime minister, Srettha Thavisin.

Key Points: 
  • More than three months after Thailand’s national elections – and many anti-democratic manoeuvres in parliament – the country finally has a new prime minister, Srettha Thavisin.
  • But, given the chaotic nature of Thai politics, this was perhaps not even the biggest news of the week.

Who is Thaksin and why is he important?

    • Thaksin’s extraordinary popularity as prime minister challenged the primacy of the monarchy and the military in the country.
    • The first removed Thaksin from power, prompting him to go into exile to avoid prosecution.
    • After Thaksin touched down at Bangkok’s airport this week, he was taken to the Supreme Court for a hearing and transferred to prison.

How did Srettha become PM?

    • The party nominated its own prime ministerial candidate, Srettha, a wealthy property developer and political newcomer, and formed a new coalition with two military-aligned parties, the Palang Pracharath Party and Ruam Thai Sang Chart Party, and a range of others.
    • This gave Srettha the support he needed from the military-appointed senators to win the prime ministership.
    • The only significant party to vote against Srettha in the parliament election was Move Forward and its 149 MPs.

What happens now?

    • As such, we may see a tussle between Srettha and Thaksin for influence in the party.
    • Srettha may very well attempt to project the image that he is his own man and not beholden to anyone.
    • Once again, the anti-democratic forces within Thailand’s elites have stifled the will of the people and we may be entering another volatile era in Thai politics.

UNCF’s Walk for Education Campaign is Underway

Retrieved on: 
Tuesday, August 22, 2023
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Washington, D.C., Aug. 22, 2023 (GLOBE NEWSWIRE) -- The National UNCF (United Negro College Fund) Walk for Education® Campaign is in full-swing nationwide.

Key Points: 
  • Washington, D.C., Aug. 22, 2023 (GLOBE NEWSWIRE) -- The National UNCF (United Negro College Fund) Walk for Education® Campaign is in full-swing nationwide.
  • The campaign kicked off with the first walks on Aug. 12 in Milwaukee, WI; and Aug.19 in Detroit, MI; and Birmingham, AL.
  • UNCF is hosting 23 Walk for Education virtual and live events around the country, from August through February 2024 with a goal of raising at least $2.5 million for the organization.
  • “UNCF is asking corporations, foundations, HBCU alums and other individual supporters to join UNCF to raise needed funds through our Walk for Education events.