Category Archives: Fiscal Freedom

Today, Gov. Reynolds released the following statements on the conclusion of the 2022 legislative session:This legislative session, I charged the House and Senate to work together to further advance Iowas strong growth through policies that cut taxes, invest in biofuels and strengthen our families, communities, schools, workforce and economy. Im proud that our state is leading the nation in many of these areas and delivering on the promises we made to the people of Iowa.

Iowas economy is expanding, our communities are flourishing, and our profile is rising. None of that would be possible without the businesses, community leaders, and educational institutions that form the bedrock of our communities. Most of all, it wouldnt be possible without our people and the communities they call home. Thanks to them, theres never been a better time to invest in Iowa, to move to Iowa, and to believe in Iowa. They are the source of our strength.

Lt. Governor Gregg released the following statement:

"Governor Reynolds leadership has again benefited Iowans greatly and improved their everyday lives in areas that matter the most.Historic tax cuts, expandedchild careavailability, supporting public education, focusing efforts to get Iowans employed are just a few of the major initiatives passed this session that continue to make Iowa a great place to live, work and raise a family."

Key legislative priorities that passed during the 2022 Legislative Session:

Tax Relief for Hardworking Iowans

"Over the last five years, we've dramatically cut Iowans' taxes three times. It's no coincidence that during this same time, we've also earned a nationwide reputation for economic opportunity and widespread, broad-based prosperity. When I took office, Iowa had the 6th highest income tax rate in the nation at almost 9%. Now, after three historic tax reform packages, its set to be fourth lowest at 3.9%--flat and fair. And weve eliminated taxes on retirement income, starting next year. Weve also reformed our corporate tax rate, once one of the highest in the nation at 12% now going down to 5.5%. Heres what that all means for Iowans: the bill I signed this year will save taxpayers $1.9 billion a year. And if you add up the savings from all three major tax bills Ive signed since taking office, thats nearly $3 billion per year.

Generational state tax reform that benefits all Iowans

3.9% flat income tax for all Iowans. Individual tax reform is projected to save Iowa taxpayers more than $1.67 billion by tax year 2026. (HF2317)

Fully repeals state taxes on retirement income in 2023. Beginning January 1, 2023, an estimated 294,624 Iowa taxpayers will see their retirement tax liability eliminated. (HF2317)

Exempts farmer retirement incomeon either cash rent or capital gains tax. (HF2317)

Common sense, pro-business corporate income tax reform includingbanking franchise taxreform, coupled with a reduction in refundable corporate tax credits. (HF2317 &SF2367)

Exempts diapers and feminine hygiene products from sales tax (SF2367)

Clears the Solar Energy Tax Credit waitlist (SF2367)

Re-Employing Iowans and Expanding Child Care

"In Iowa, were taking bold action to ensure every employable Iowan finds a meaningful and fulfilling career. Were turning our unemployment system into a re-employment system. We passed legislation that caps unemployment benefits at 16 weeks and took action to give job seekers one-on-one career coaching. In short, were helping Iowans get back to work sooner.

Modernizes purpose of unemployment benefits to focus on reemployment (HF2355)

Reduces weeks of regular unemployment from 26 to 16 weeks, and plant closure unemployment from 39 to 26 weeks to encourage quicker return to the workforce (HF2355)

Prevents an employers account from being charged for an overpayment of unemployment benefits, if an employers failure to respond in a timely manner was due to insufficient notification by IWD (HF2355)

Defines employee misconduct for unemployment matters to create consistent unemployment decisions (HF2355)

Encourages return to work more quickly by accelerating the prior wage percentage reduction in the definition of suitable work more quickly (HF2355)

Allows direct appeal of an ALJs unemployment decision to district court to provide swifter final resolution of claims (HF2355)

Reforms Voluntary Shared Work (VSW) Program, preventing abuse and allowing use with part-time employees (HF2355)

Prohibits duplicative local inspections offederally-inspectedmanufactured housing (SF2383)

Requires annual reporting of Work Based Learning in schools (SF2383)

Creates a work-based learning program supervisor for industry professionals to immediately start supervising WBL opportunities, so students can receive credit for WBL experiences (SF2383)

Removes one-year out-of-state licensure requirement for universal license recognition (SF2383)

Removes residency requirement for universal license recognition for most professions (SF2383)

Offers temporary licensure for military spouses if they dont qualify for universal license recognition (SF2383)

Waives initial teaching license fees for those under 200% FPL (SF2383)

Waives initial and first renewal licensure fee for all veterans (SF2383)

Allows for temporary insurance licensure if background check takes more than 10 business days (SF2383)

Creates a low-cost ($5) annual armed forces fishing and hunting license (SF2383)

Waives drivers license fees for 100% disabled veterans (SF2383)

Waives CDL fees for veterans (SF2383)

Expands CDL third-party testing (SF2337)

Provides free public parking for medal of honor recipients, ex-prisoners of war, purple heart recipients, and disabled veterans (SF2383)

Promoting Access to Child Care

Last year I convened the Governors Child Care Task Force to address the ongoingchild carechallenge in our state. Working parents need to be able to re-enter the workforce and know their children will be well cared for. Already weve allocated over $500 million to supportchild carein our state and created more than 9,000 newchild carespots in just one year. But were far from finished.

Opens additionalchild careslots by establishing new minimum child-to-staff ratios inchild carecenters of 1:7 for children aged 2 and 1:10 for children aged 3 (HF2198)

Addresses workforce challenges by allowingchild carecenter employees who are sixteen years of age or older to work without additional supervision (HF2198)

Incentivizeschild careproviders to accept more Child Care Assistance (CCA) families by allowing parents to pay the difference between CCA rates and rates charged to private pay families (HF2127)

Allows a parent with a permanent disabilityto accessCCA sothe other parent can pursue employment. Previously,a parent with only a temporary disability could qualify for CCA. (HF2252)

Delivering for Iowa Agriculture & Cutting Red Tape

The biofuels bill I signed into law this year is a testament to the idea that good-faith discussion, negotiation, and compromise can pay off in a big way. This historic bill makes Iowa the first state in the nation to adopt an E15 standard, setting the stage for the single largest expansion of biofuels in our states history. Biofuels account for more than $4 billion of Iowas GDP and support tens of thousands of jobs in our state. I proposed the bill because Iowas farmers and biofuel producers are the economic backbone of our state. Because Iowans and all Americans deserve access to a reliable, less-expensive, and environmentally friendly option at the pump. Iowa has delivered and in doing so, weve sent a message that cant be ignored: Americas energy is growing right here in Iowas fields.

Increases access to higher blends of biofuels through market-based principles and doubles funding for the Renewable Fuels Infrastructure Program (HF2128)

Eliminates unnecessary and burdensome environmental and ag regulations (SF2176/HF2343/SF2232/SF2245)

Preserves the Iowa Energy Center and refocuses efforts to research and develop strategies for carbon management (SF2325)

Creates a Choose Iowa program to support & promote products grown on Iowa farms (HF2581)

Improves CDL testing and creates a permit to allow oversize & overweight hauling in Iowa (SF2337/SF2376)

Supporting Quality Educational Opportunities for Iowa Children

This legislative session, for the 12th year in a row, weve increased funding for K-12 public education. While Im disappointed that the House chose not to pass my proposal to give families educational freedom and school choice, Im not backing down from this fight. Thats why well continue to invest in public schools while empowering parents to choose whats best for their child. Parental choice is not a zero-sum game, and my focus continues to be raising the quality of education in every Iowa school and for every Iowa child.

Increases per pupil state funding for Fiscal Year 2023 (HF2316)

Establishes a special task force to provide support for special education in private educational institutions. (SF2197)

Expands open enrollment (HF2589)

Expandsoperational sharing for schoolsuperintendentsand school resource officers (HF2080)

Increases funding forIowa Jobs for Americas Graduates (iJAG)to expand student programming to over 150 new schools (HF2575)

Increases the Transportation Equity by7.28% for a total of $29.5 million dollars (HF2316)

Protecting Girls Sports

Requires schools at all levels to designate sporting events as male, female, or co-ed. Only students who are female according to their birth certificate will be eligible to compete ingirlssports. No student will be prevented from playing a sport that matches his or her biological sex, or a sport designated as co-ed(HF2416)

Promoting Strong Families

Furthersolidifies the State of Iowa as a leader in implementing the federal Family First Prevention Services Act.Aligning Iowas child welfare system withFamily Firsthas successfully resulted in significantly fewer children entering foster care, more children placed in safe,family-based settings with relatives or fictive kin, and fewer children and youth placed in congregate care settings.(HF2507)

Increases the upper age of an individual in foster care from 18 years to 21 years with additional supportsif the individual is willing to participate in a case permanency plan and the Department of Human Services (DHS) has made an application for additional services and increases the upper age of an individual in foster care who can receive family foster care services or supervised apartment living from 18 to 21. (HF2252)

Requires adoption petitions for children whose parents had their parental rights terminated to include the names of any known siblings placed separately from the child and the courts recommendation on whether continued contact is in the best interest of all siblings. (HF2252)

Requires court orders regarding sibling placement to be attached to the adoption petition for a child whose parents have had their parental rights terminated. (HF2252)

Requires preplacement reports to include whether the child to be adopted is based on their parents losing parental rights, whether the child has siblings and an ongoing relationship with them, or if a court order has found that contact between the siblings is in the best interest of each sibling. (HF2252)

Requires that siblings of a person to be adopted receive notice of the adoption hearing at least 20 days prior to the hearing if the court finds contact between the siblings is in the best interest of each sibling. (HF2252)

Removes the requirement that certain adult adoptees obtaina court orderto access adoption records though DHS. Limits the simplified procedure to adults adopted following a termination of parental rights. (HF2252)

Improving Access to Mental Health Care

Establishes a Mental Health Professional loan repayment program (HF2549)

Directs DHS to establish tiered in-patient payment rates in the Medicaid program for acute mental health services (HF2546)

Funds additional positionsin the University of Iowa Psychiatric Residency Program (HF2578)

SupportingIsrael

Modifies the definition of a company in Iowas anti-Boycott, Divestment and Sanctions law to prohibit certain state funds from going to parent companies,wholly-ownedsubsidiaries, majority-owned subsidiaries, or affiliates of companies that boycott Israel (HF2373)

Streamlining Public Safety Resources

Permanently authorizes counties, cities, and townships to establish an emergency response district that improves the ability of fire, police, and EMS services to share resources and coordinate action (SF2267).

Authorizes local emergency management commissions to assume the responsibilities of a joint 911 service board (SF2298).

Allows law enforcement agencies to use driver's license photos in missing persons investigations on websites and media for missing individuals and those suspected to be involved in a minors disappearance (HF2123).

Enhancing Iowas Economic Development

Permits an additional 12-month extension and increase of project cost cap for the WF Housing Tax credit (SF2325)

Further defines economically distressed counties in the state that are eligible for high quality jobs relief (SF2325)

Guarantees the Business Property Tax Credit by altering it from an opt-in benefit to an exemption available to all businesses (HF2552)

Expands the sales tax exemption of items and services used by a manufacturer to produce marketable food products to include food ingredients (SF2367)

Establishes third-party food delivery requirements, including penalties and food delivery safety standards (SF2374)

Continuing modernization of state government

Permits taxpayers to have a combined sales and use tax permit and file a combined sales and use tax return (SF2367)

Condenses four sales and use tax filing dates to just two (monthly and annual) (SF2367)

Takes the first step to align the Iowa Department of Public Health and the Iowa Department of Human Services into a single agency, the Iowa Department of Health and Human Services. With extensive connections between Iowas public health and human services efforts, alignment integrates programs, practices and policies to improve delivery of services and more effectively helps all Iowans live safe, stable and healthy lives. (HF2587).

Creates Sunday sales parity for all retail license/alcohol permit types, simplifies fee structures for alcohol licenses, makes charity event planning easier for non-profitorganizations, and streamlines ABDs business processes (SF2374)

Moves the Office of the Chief Information Officer into the Department of Management connected to the Office of the Governor to strengthen the office and promote streamlined cybersecurity and technology oversight.(HF2589)

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Gov. Reynolds releases statement on 2022 Legislative Session | Office of the Governor of Iowa - Governor Kim Reynolds

House Appropriations Committee Chair and Labor, Health and Human Services, Education, and Related Agencies Subcommittee Chair Rosa DeLauro (D-CT-03) delivered the following remarks at the Agriculture, Rural Development, Food and Drug Adminstration, and Related Agencies Subcommittee's Fiscal Year 2023 Budget Request for the Food and Drug Administration Hearing:

Thank you, Chairman Bishop and Acting Ranking Member Harris for holding this important hearing and I want to say thank you to you Commissioner Califf for testifying this morning.

We are dealing with an infant formula emergency in this nation a crisis of both safety and supply. I sounded the alarm on this crisis and have been working on this issue since news of the recall broke in February. I am glad that you are testifying before us today because we need to get to the bottom of the disgraceful lack of oversight and the terrible safety issues from an Abbott Nutrition manufacturing plamt that led to at least two babies dying and several others being hospitalized after consuming Abbotts infant formula.

We need to also get to the bottom of the FDAs slow response, which contributed to products staying on the shelves and in the homes of families the country over, potentially putting babies at risk and forcing parents to play a game of Russian roulette that they did not know they were playing.

I want to say a thank you to Chairman Bishop, for holding this hearing and for your longtime leadership on this subcommittee. In September 2021, FDA inspectors conducted a routine inspection of the Abbott Laboratories facility in Sturgis, Michigan, where suspicions of wrongdoing were already present, as noted in a Bloomberg article, published May 12, from a reporter who obtained the FDA report through a Freedom of Information Act request. On October 20, 2021, a whistleblower who worked at that Abbott facility submitted a report to the FDA unveiling a damning list of allegations of wrongdoing at the hands of Abbot. Recalls happen, but, if the allegations are true, the company has lied, cut corners, and falsified records to cover up their misdoings at the sake of infant health and retaliated against employees who tried to correct the problems they were seeing. They knowingly put a contaminated product on the market, that is plain wrong.

The FDA knew about what Abbot was doing in October. But not until late December did the FDA interviewed the whistleblower. And then not until a month after that, in late January, was the plant inspected in person. Abbott then issued the recall in February. Some Four months later.

In March, I requested an HHS Office of Inspector General report to look into the tragedy. And then I got ahold and submitted for the record the whistleblower report, with the truly awful allegations against Abbott. Their wrongdoings include the falsification of records, testing seals on empty cans, and releasing untested infant formula, just to name a few.It all begs the questions why did the FDA not spring into action? Why did it take four months to pull this formula off store shelves? How many more illnesses and deaths were caused due to the FDAs slow response? Who received the report at the FDA? What did they do with the report? Who in the leadership had access to that report? Who didn't have access to that report? And why was there no reaction?

And it makes me question which side the FDA is on. Are they on the side of Abbott and industry or on the side of the American consumers, in this case babies and their moms and dads?

We must get to the bottom of the food safety issue. But today, we are also dealing with a serious infant formula shortage in this country where parents, many of whom struggling, are now scrambling to find the formula to feed their babies. This shortage was caused in large part by the lack of action by the FDA and by corporate greed and consolidation, in this case Abbott putting profits and production over people. This should not happen in the wealthiest nation in the world. And there are two parts of this shortage safety and supply. We cannot and should not have to choose between the two, and I reject this dangerous and this false dichotomy.

President Biden just announced that he will be invoking the Defense Protection Act to increase domestic production of infant formula and launching Operation Fly Formula to use federal planes to fly formula in from abroad. I have been calling for the swift importation of safe infant formula from FDA approved facilities overseas. That is the direction that we need to go in. That is what I hope is being planned. These steps can help us achieve the goal, and I applaud the first steps.

This week, and we passed last evening a bill to deal with a portion of this effort. Last night, we voted on a bill to provide $28 million in new funding for the FDA to address the shortage, to prevent fraudulent products from entering the marketplace, and to help acquire better data on the situation in the marketplace. To prevent shortages from happening again, we will work to strengthen the workforce focused on formula issues and increase FDA's inspection staff. But as the Ranking Member has pointed out, funding is not the only answer. This issue goes beyond funding. And that has to do with a structural problem. For another time I would want to discuss the need for a Deputy Commissioner for Foods, where accountability to the Commissioner and have direct line authority over the Center for Food Safety and Applied Nutrition, the Center for Veterinary Medicine, and food related components and operations of the Office of Regulatory Affairs. This should happen immediately and the person who is appointed needs to have relevance and appropriate food credentials. Someone with that background who understands this issue.

I understand that the FDA has begun to take action to address the shortage, which is encouraging. I remain concerned about the safety of the formulas that end up on our shelves. As I have said, we cannot be forced to make a false choice between safety and supply. I am disappointed that the FDAs recently released guidance does not go far enough to ensure formula is safe for our babies, because the food we feed our babies must be the safest product on the market. Which is why I want to focus on FDA-approved facilities because we have a standard, that may not have been Applied to Abbott, but we have a standard. When people grab a container of infant formula from the shelves, I want them to know they do not have to play a guessing game. I want them to know that they can have confidence that it is safe.Commissioner Califf, I hope that you have been able to reflect on what went wrong and with that come with answers because we are all waiting for them. We need to get to the bottom of this terrible tragedy to prevent anything like this from ever happening again.

Thank you again, Chairman Bishop and Acting Ranking Member Harris. I yield back.

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Chair DeLauro Statement at Fiscal Year 2023 Budget Request for the Food and Drug Administration Hearing - House Appropriations

GENEVA (20 May 2022) A group of UN human rights experts* has urged States to ensure that ongoing multilateral negotiations on a new international instrument on pandemic preparedness and recovery is grounded in human rights. As the 75th Session of the World Health Assembly prepares to deliberate on these initiatives, the experts issued the following joint statement:

Over the past years, the COVID-19 pandemic has resulted in, at least six million deaths officially registered globally, deepened economic and social inequalities, and exposed structural discrimination within societies and the pandemic exacerbated violations of fundamental human rights and freedoms. As COVID-19 has made clear, resilience to pandemics is inextricably linked with the economic, social, and political conditions in which people live, is shaped by inequalities within and between countries, and is dependent upon the full realization of all human rights notably the rights to health, life, freedom of expression, assembly and movement, among others.

As independent human rights experts, we have consistently called on States to adopt rights-based approaches to the ongoing pandemic response and recovery, and to adopt bolder measures and commitments to international solidarity. The world is grappling with the failures in pandemic preparedness regarding pathogen surveillance, data collection, including disaggregated and gender-sensitive data, and transparency, public health communications and equity in prevention, access to vaccines, diagnostics, and therapeutics, as well as adequate resources to cater for these concerns. To prevent and mitigate the toll of future pandemics, including recurrence of erosion of fundamental freedoms and related human rights violations, we are closely following recent global health law reform negotiations, including a new international legal instrument on pandemic preparedness and response.

As the 75th Session of the World Health Assembly prepares to deliberate on these multilateral initiatives, we urge States to ensure that negotiations draw from article 12 of the International Covenant on Economic, Social and Cultural Rights (ICESCR) and the International Covenant on Civil and Political Rights (ICCPR), in particular its article 4 and take into account longstanding international human rights obligations that are essential to public health crisis preparedness, response and recovery, including social security - which is essential for the enjoyment of the right to health, as demonstrated by the pandemic - and fiscal considerations. They should also consider that emergency measures are justified, transparent and adopted in line with international human rights standards.In particular, we urge States to ensure that this new instrument is grounded in human rights and centres, in particular women, girls and other vulnerable groups and marginalized populations right to the highest attainable standard of physical and mental health without discrimination and that it guarantees the respect and enjoyment of interrelated rights, including freedom of peaceful assembly. We also encourage States to take into account the role of the private sector in providing access to essential services and medicines during such crises, and in ensuring business respect for human rights.

Aligned with human rights obligations, we commend the Intergovernmental Negotiating Body (INB) to draft and negotiate a WHO convention, agreement or other international instrument on pandemic prevention, preparedness, and response for concluding their first round of virtual public hearings with interested stakeholders last April. However, we are concerned since it remains unclear how the results of the public hearings and written submissions will be used, and more generally whether ongoing multilateral deliberations will be open to a broad spectrum of affected communities and civil society organizations. The full and meaningful participation of all concerned communities and civil society is essential to ensure a strong, transparent and legitimate process.

The World Health Assembly presents WHO Member States with an historic opportunity to reflect upon crucial lessons from the pandemic and build tangible movement towards realizing the pre-eminent purpose of worlds leading UN agency on global health to realize the highest attainable standard of health for all with no discrimination.

ENDS

*The experts: Ms. Tlaleng Mofokeng, Special Rapporteur on the right of everyone to the enjoyment of the highest attainable standard of physical and mental health, Mr.Saad Alfarargi, Special Rapporteur on the right to development, Mr. Obiora C. Okafor, Independent Expert on human rights and international solidarity, Mr. Clment N. Voule, Special Rapporteur on the right to peaceful assembly and association, Ms. Attiya Waris, Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights, Mr. Livingstone Sewanyana, Independent Expert on the promotion of a democratic and equitable international order, Mr. Olivier De Schutter, Special Rapporteur on extreme poverty, and Ms. Elbieta Karska (Chair-Rapporteur), Ms. Fernanda Hopenhaym (Vice Chairperson), Ms. Anita Ramasastry and Ms. Pichamon Yeophantong, members of the Working Group on Business and Human Rights.

Special Rapporteurs are part of what is known as the Special Proceduresof the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council's independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures' experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.

Link:

Negotiations for international instrument on pandemic preparedness must be guided by human rights: UN experts - OHCHR

Congressman Chris Jacobs (NY-27) released the following statement announcing he will seek re-election in the new 23rd Congressional District drawn by the Special Master.

Serving Western New York for the past two years has been an honor, it is my home, and we value freedom, family, national security, and fiscal responsibility. With this in mind and after much consideration, I am announcing my candidacy to run in the newly drawn 23rd district. NY-23 shares these conservative values. They draw across county lines and connect cities, towns, and villages throughout the region. Many of these communities I have been honored to represent in Congress and previously in the New York State Senate and as Erie County Clerk. I look forward to getting to know new communities throughout the Southern Tier, and I am committed to being out and about in each and every community, continuing my track record of working effectively with localities.

In my first two years in office we have faced and overcome many challenges, but this coming election is one of the most consequential in my lifetime. One-party Democratic rule and the Biden administration in Washington have been disastrous for our nation. We face an inflation crisis not seen in 40 years. Families face record-high prices at the pump, leaving them to choose between filling their tanks and buying medicine and essential goods. Our southern border remains open to criminals and dangerous fentanyl due to weak policies from the current administration. And Americans are being forced to foot the bill for the administration's partisan policies. Now, more than ever, we need a strong, conservative majority in the House to deliver real solutions that bring down costs, restore our energy independence, end reckless spending, and secure our nation. I will fight to deliver that majority and continue my work for the people of New York to defend our constitutional rights, economic prosperity, and our future."

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Jacobs will run for newly formed 23rd Congressional District - The Batavian

Wall Street analysts forecast that The Goldman Sachs Group, Inc. (NYSE:GS Get Rating) will report earnings per share (EPS) of $8.65 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for The Goldman Sachs Groups earnings, with the lowest EPS estimate coming in at $7.52 and the highest estimate coming in at $9.22. The Goldman Sachs Group posted earnings of $15.02 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 42.4%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that The Goldman Sachs Group will report full year earnings of $37.99 per share for the current year, with EPS estimates ranging from $32.52 to $40.30. For the next fiscal year, analysts anticipate that the company will report earnings of $40.52 per share, with EPS estimates ranging from $34.42 to $44.48. Zacks EPS averages are an average based on a survey of research analysts that follow The Goldman Sachs Group.

The Goldman Sachs Group (NYSE:GS Get Rating) last announced its earnings results on Thursday, April 14th. The investment management company reported $10.76 earnings per share for the quarter, topping analysts consensus estimates of $8.61 by $2.15. The business had revenue of $12.93 billion for the quarter, compared to analyst estimates of $11.76 billion. The Goldman Sachs Group had a return on equity of 19.08% and a net margin of 31.21%. The companys quarterly revenue was down 26.9% compared to the same quarter last year. During the same period in the prior year, the company earned $18.60 EPS.

NYSE GS traded down $1.40 during trading on Friday, reaching $306.80. The companys stock had a trading volume of 2,201,054 shares, compared to its average volume of 2,585,509. The stock has a market capitalization of $105.37 billion, a PE ratio of 5.95, a P/E/G ratio of 0.63 and a beta of 1.41. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day moving average of $322.88 and a 200 day moving average of $356.01. The Goldman Sachs Group has a one year low of $293.90 and a one year high of $426.16.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.61%. The Goldman Sachs Groups dividend payout ratio is currently 15.53%.

In other news, Director Goldman Sachs Group Inc sold 123,843 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $19.16, for a total transaction of $2,372,831.88. Following the sale, the director now directly owns 2,977,489 shares of the companys stock, valued at approximately $57,048,689.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 9,768 shares of the firms stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $334.57, for a total transaction of $3,268,079.76. Following the completion of the transaction, the chief executive officer now directly owns 96,467 shares in the company, valued at $32,274,964.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 224,038 shares of company stock worth $7,373,493. Insiders own 0.57% of the companys stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Freedom Day Solutions LLC increased its holdings in The Goldman Sachs Group by 0.9% in the 4th quarter. Freedom Day Solutions LLC now owns 3,205 shares of the investment management companys stock valued at $1,226,000 after buying an additional 29 shares during the period. Ancora Advisors LLC increased its stake in The Goldman Sachs Group by 1.2% during the 3rd quarter. Ancora Advisors LLC now owns 2,471 shares of the investment management companys stock worth $934,000 after purchasing an additional 30 shares in the last quarter. Bank of Marin increased its stake in The Goldman Sachs Group by 3.6% during the 3rd quarter. Bank of Marin now owns 872 shares of the investment management companys stock worth $330,000 after purchasing an additional 30 shares in the last quarter. Tower Wealth Partners Inc. boosted its position in The Goldman Sachs Group by 4.0% during the 3rd quarter. Tower Wealth Partners Inc. now owns 777 shares of the investment management companys stock worth $294,000 after acquiring an additional 30 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in The Goldman Sachs Group by 3.0% during the 4th quarter. Main Street Financial Solutions LLC now owns 1,037 shares of the investment management companys stock worth $397,000 after acquiring an additional 30 shares during the last quarter. 71.42% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Company Profile (Get Rating)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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The Goldman Sachs Group, Inc. (NYSE:GS) Expected to Announce Earnings of $8.65 Per Share - Defense World

Northern Ireland should be able to set its own limited income tax policy and have complete freedom over stamp duty and business tax, a report has said.

he IndependentFiscal Commission for NI was set up to consider how having more powers over taxes could help the province.

However, its chairman admitted that with no Executive in place, it could seem like an odd time to be giving advice.

Itsfinal reportmakes 23 recommendations and overall, suggests NI should gaintax powers gradually but with significant tax devolutionpossible by 2027/28.

It recommends partial devolution of income tax which would give the Assembly some control over rates and possibly come control over income tax bands, but with HMRC still administering the levy.

And if income tax is devolved, it also recommends devolving the apprenticeship levy, which is paid by companies.It also suggests completing devolution of corporation tax but in close co-operation with the UK government over how a cut to the main rate of corporation tax would be paid for.

At the moment, the only taxes NI has control over are rates, the carrier bag levy and air passenger duty (APD) on long-haul flights.

But tax devolution means NI losingout on its block grant from Westminster and in the case of long-haul APD, it has had to pay 2m a year back to the Treasuryfor its decision to zero-rate the tax to preserve a transatlantic flight in 2013.

Payment continues despite NI no longer having a long-haul connection, with the amount estimated at 2.3m in 2020/21.

The fiscal commission, which is led by economist Paul Johnson, rules out devolving other tax such ascapital gains tax, inheritance taxand stamp duty on shares.

On stamp duty land tax (SDLT), the report said: While it only raises 80mper annum, given the lower values ofproperties in Northern Ireland, relative to UK, there is a case for having different rates of SDLT inNorthern Ireland.

"As a tax on property, SDLT is well suited to devolution and has been successfullydevolved to Scotland and Wales, and significantly reformed by the Scottish Government.

Werecommend full devolution of revenues and tax powers relating to SDLT.

Mr Johnson said: Devolving additional powers would increase the accountability of the Executive to the people of Northern Ireland and provide additional tools to boost the economy, raise or reduce the taxes of local people and change behaviours.

While this period, with no Executive in place, might feel like an odd time to be launching our report, tax devolution wont happen overnight. It will require time to consider, to build consensus and to plan carefully. It is our hope that all the parties will take the opportunity to consider our report as they prepare for the resumption of devolved government.

We also recommend the full devolution of stamp duty land tax, landfill tax and air passenger duty. We recommend that if these taxes are devolved, the Executive should establish a local revenue authority to administer them.

"This will increase the accountability of local politicians in respect of these taxes and provide for greater policy flexibility and innovation, while also building institutional capacity in Northern Ireland.

And in the longer term, it said that there would be value in the NI Executive seeking devolution of excise duties for fuel, alcohol and tobacco.

But Mr Johnson saidthere were pros and cons to fiscal devolution. If revenues were to grow more slowly than in the rest of the UK then Northern Ireland could lose out.

However, some tax devolution could be an important step towards a more accountable devolved government for the people of Northern Ireland.

Finance Minister Conor Murphy said the report identified potential benefits from greater local control of taxation.

It would give us more options to grow the economy, raise revenue for public services, and encourage the transition to zero carbon, he said.

"This report provides a solid evidence base to start a public conversation on tax and will enable a future Executive to consider how fiscal matters could be best managed here.

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'Give Northern Ireland Assembly more tax powers,' report says - Belfast Telegraph

Conservative Party leadership candidate Pierre Poilievre speaks to journalists on Parliament Hill in Ottawa on Feb. 16.BLAIR GABLE/Reuters

The gatekeepers were reunited in one of their favourite spaces: the ballroom of the Ottawas Chateau Laurier hotel. Tuesdays Politics and the Pen gala was the first major opportunity for politicians, journalists and corporate sponsors to enjoy each others company since the lifting of pandemic restrictions. But there was a shadow in the room.

The scuttlebutt is that Pierre Poilievre has signed up so many new members that he could win the Conservative leadership race on the first ballot.

Even worse, people murmured over their drinks, the Carleton MP could win the next election, unless the Liberals find a way to re-energize their tired government. The MAGA wars are coming to Canada. Trumpists have arrived among us. The Conservative Party is turning into the Republican Party.

Nonsense.

Mr. Poilievre will almost certainly win the Conservative Party leadership; he may very well become prime minister. If he does, some people in that room may lose their jobs as he trims the bureaucracy, slashes regulations and cuts funding to the CBC and other media.

But Poilievreism, or whatever we end up calling it, is not Trumpism. Not even close. If you need proof, check out last weeks Conservative leadership debate.

Moderator Tom Clark asked the candidates whether they agree with the Liberal governments policy of increasing the annual immigration intake to more than 400,000.

We need the work force, frankly, Mr. Poilievre replied, but when we bring immigrants here we need to make sure they have the freedom to own a home by getting rid of the gatekeepers that prevent housing construction and the freedom to work in their field by getting rid of the gatekeepers that prevent them from getting licences in their professions and trades. So I will get rid of the gatekeepers and give them that opportunity.

Canada isnt vulnerable to same forces that could imperil abortion access. Heres why

Why Pierre Poilievre should reconsider his rhetoric about firing the Bank of Canada Governor

If both the Conservatives and the Liberals support the developed worlds most robust immigration policy, then just how polarized has politics really become? The answer is: not very.

Of course there is racism in this country, and acts of violence based on racial hatred. As Huda Idrees wrote in this paper, the evil of so-called replacement theory is alive and well in Canada. If we cannot acknowledge that the problem exists within our own borders, we have no hopes of tamping it out.

But Mr. Poilievre knows that no one becomes prime minister without the support of immigrant voters. His campaign actively courts visible-minority communities. At rallies where the population of the community is diverse, the crowd at the rally is also diverse.

It is true he supported the protests that paralyzed Ottawa last winter, and some of those protesters were white nationalists. But I can find no instance when Mr. Poilievre has criticized multicultural diversity. Members of his campaign staff and caucus supporters are racial minorities. Some are LGBTQ.

Sometimes he goes too far. He spouted offensive remarks about First Nations needing to embrace the values of hard work and independence and self-reliance on the very day in 2008 that Stephen Harper apologized for the abuse of First Nations children at residential schools. Mr. Poilievre later apologized for his remarks.

He says things he must know arent true.

Finance officials were impressed by his grasp of fiscal and monetary policy when they briefed him in his role as finance critic. So when Mr. Poilievre goes on about the Bank of Canada being solely responsible for inflation, and crypto currencies being an effective hedge against it, hes talking through his hat. He knows the World Economic Forum is not the conspiratorial cabal some of his supporters believe it is, but he caters to their fears regardless.

Most Conservative leaders run to the right to win the leadership and then pivot to the centre for the election. Mr. Poilievres challenge will be to pivot to sane from crazy.

But many Canadians are angry at the indifference of elites in Ottawa. People struggle to find a house that hasnt been priced out of reach; to fill the tank; to pay for groceries. Many of them blame the indifference of the people in the Chateau Laurier ballroom to their struggle.

Mr. Poilievre gets that. A lot of people in that ballroom dont. Theyre afraid of him. They should be.

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Pierre Poilievre gets what many others do not - The Globe and Mail

The Memorial University student who has faced disciplinary action after holding a silent protest last December is now taking the university to court.

Matthew Barter, a 25-year-old political science undergrad and activist, filed an application with the Supreme Court of Newfoundland and Labrador Tuesday asking the court to quash Memorials decision to place him on non-academic probation for one year and require him to attend a seminar on bullying and harassment.

The court document, filed by Barters lawyer Kyle Rees, reveals for the first time new details surrounding Memorials response to an external investigation into Barters December 2 protest at a joint university-government announcementand into an alleged pattern of problematic behaviour from Barter the university is using to justify its sanctions against him.

In a February 28 report, the St. Johns lawyer who conducted the investigation upheld the universitys position that Barter had violated sections of Memorials student code of conduct that prohibit bullying and harassment, and the disruption of events.

Kim Horwood noted, however, that it was unclear whether the rules had been fairly applied to Barter, and that she believes Barter did not intend to violate the code in the course of his protest. She recommended that the university lift its sanctions against Barter, which had included a ban from parts of campus and a requirement to report to security when he arrived on campus to attend classes. During the investigation the university lifted some of the measures but continued to prohibit Barter from attending extracurricular activities.

Horwood recommended that Memorial require Barter to refrain from personal attacks in future and to refrain from protesting inside any class, meeting or event.

During his December 2 protest against what he has characterized as Memorial President Vianne Timmons fiscal mismanagement of the university, Barter affixed a small paper stop sign-like poster that read Stop Vianne and no to tuition hikes and out of control spending to the front of the podium where Timmons was speaking. Without saying anything, and wearing a non-medical safety mask, he then stood a few feet to Timmons left and held up an identical sign.

Memorial Director of Student Life Jennifer Browne, in a March 18 letter to Barter, justified the new sanctions against Barter in part due to the nature of the complaints, the impact of the conduct on others, your past Code violations, and your behaviour during and after the investigation. Barter appealed the decision internally but the person tasked with adjudicating the appeal, then-Marine Institute Registrar Leslie Noftall, upheld Brownes conclusions.

However, former MUNL Provost and Vice President (Academic) Noreen Golfman, herself a subject of Barters past protests, is speaking out in the students defense.

I think this is a real overreach here, Golfman told The Independent in a phone interview Thursday.

Barter, a former executive member of the universitys student union and an active blogger who is routinely critical of the administrations fiscal management of the university, maintains the university is targeting him because it doesnt like his messages or methods of protest, and that the effort to silence him is an attack on his Charter right of freedom of expression.

Though Barters application to the court doesnt explicitly invoke Section 2(b) of the Charter of Rights and Freedoms, Rees says that since Memorials student code of conduct makes an exception for peaceful demonstrations and silent or symbolic protest, we will be suggesting that the administration failed to interpret that correctly in light of Charter principles.

In his written complaint to Browne on December 8, McDougall describes patterns of behaviour he says include targeting senior female leadership and other employees of the University; a history of aggression, intimidation []; and despite repeated warnings to him, his refusal to change his actions. McDougall says those patterns suggest his actions can be volatile and unpredictable, and which have led individuals within the Memorial community to feel threatened in the workplace.

McDougall cites incidents dating back to 2018, including conversations at the Provosts Office in which panic buttons were deployed for fear of personal safety by female office staff, and to which Campus Enforcement and Patrol had to respond.

Barter previously told The Independent that Golfman had agreed during a public budget consultation that she would meet with him to discuss concerns he had about the universitys fiscal management. When he later attended her office to request the meeting, Barter says he was told she would not meet with him. He said he was frustrated at the time but peaceful in his interactions.

On Thursday Golfman disputed Memorials characterization of Barter as deliberately targeting women.

I just dont buy it, she said, explaining she never once felt Barters protests against her as a senior administrator were personal or that they had a sexist or misogynistic element. I just never felt that, she said. Golfman noted that much of Barter and the Memorial student unions attention at the time was focused on the salaries of senior administrators, including then-President Gary Kachanoski. He was a kind of equal opportunity activist as far as I was concerned.

During the budget consultation in question, Golfman said Barter interrupted her and disrupted the meeting. I knew where he was coming from, but I didnt personally feel threatened by him. It was for me more annoyance and frustration.

She said that when she arrived at her office the following morning she shared her frustration with some of her staff about Matts behaviour during the consultation. Then, when Barter arrived at her office unannounced to request the meeting, Golfman said she was already in another meeting. While she cant speak for how her staff felt at the time, she said Barters unconventional route of just showing up and demanding to see me then [] I think that kind of freaked them out, she explained.

I think they were thrown off guard or unnerved by him just showing up, which is kind of not the way what theyre used to.

Barter says his previous code of conduct violation is in relation to a 2017 dispute between him and another former student union executive member, which led to the resignation of the other student from the union. The two filed complaints against each other, and documents reviewed by The Independent confirm that both were found to be in violation of the code for bullying, intimidating or harassing another person.

The documents show that Barters sanction included working with a counselor in the areas of effective communication and conflict resolution, while the other individual was required to apologize to Barter for disclosing personal information regarding his disability on social media and to remove the post.

Barter is on the autism spectrum. He says that in response to the student code violation he attended the session with a counselor and the two spoke about autism and effective communication. He says he doesnt recall any element of the conversation related to gender, and that he left feeling it was worthwhile.

In a post published to his blog in March, Barter accuses the university of trying to present him as dangerous and unhinged without any supporting facts. These are disablist stereotypes and could have a chilling effect on other students with disabilities participating in protest actions on campus.

Barter argues in his court application that while Browne, Horwood and Noftall, all of whom are named in the filing, based their judgements in part on McDougalls references to past incidents, no evidence was provided in relation to the incidents referenced by McDougall in his complaint. As a result, Barter had no opportunity to address them.

They also identify what they say are two dozen other errors made in the complaint, investigation and sanctioning processes. Among those errors, they claim, Horwood and Browne attached an unreasonable amount of significance to a single witness subjective experience about how they were impacted by Barters December 2 protest, while Horwood failed to consider interviewees Barter offered to propose and instead interviewed those suggested by the university.

During the investigation, Deneice Falconer, an employee of the university who was present at the December 2 announcement testified that she was panicked and shocked that Barter put the sign on the podium, and that she felt Barters attack on Timmons was personal and disrespectful. Because she didnt know Barter, she said she was quite alarmed and had no idea what this stranger might do next, Horwood writes in her report.

Explaining her finding that Barter violated the code where it prohibits disruption of events, Horwood says the degree of discomfort that employee felt during Barters protest is an indication that Barter substantially interfered with the purpose of the event.

The Independent reached out to Falconer for comment but did not receive a response by the time of publication.

Leading civil liberties experts have suggested that Memorials treatment of Barter could represent an infringement of his charter rights.

Effective protest always makes people feel uncomfortable, Toronto Metropolitan University Centre for Free Expression Director Jim Turk said in a recent interview. Its when that protest crosses the line and inflicts bodily harm on them or prevents people from speaking or people from hearing that it crosses the line at the university. But he did none of those things.

Golfman said she was contacted by Horwood and asked if she would be willing to speak with her for the investigation. Golfman responded affirmatively, but then was never summoned for an interview. She said she agrees with Turks point that protests are intended to make people uncomfortable.

The Independent asked Memorial University for comment in response to Barters court challenge.

This matter is now with the university lawyers and will be dealt with accordingly. Thats all we have to say right now, David Sorensen, Memorials manager of communications, responded in an email.

Barter says he wants the sanctions reversed because they could hurt him and any future opportunities he may otherwise have.

But its also about the principle of protest and freedom of expression, he adds, and how it can set a precedent and make it difficult for students to protest.

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Justin Brake (he/him) is an independent journalist from Newfoundland who currently lives on unceded Algonquin territory in Ottawa.

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Student Taking MUNL to Court Over Punishment for Protest The Independent - TheIndependent.ca

Niles-Maine District Library trustees held their first budget meeting Friday in which board members took 10 minutes each to question department supervisors, along with questions for library administrators.

The library did not publicly post budget documents before the meeting. Requesting those documents after the budget meeting, the Journal was asked to file an order for documents under the Freedom of Information Act to obtain the draft budget documents.

At Fridays meeting, department supervisors sat at a long line of tables, facing a line of desks on the stage of the librarys meeting room occupied by trustees.

Each trustee was given 10 minutes with department heads for questions and answers. Many of those staffers were asked pointed questions about the impacts of the librarys hiring freeze, now entering its 12th month.

The Journal did obtain some fiscal year 2023 budget documents proposed by the library administration. Numbers in those documents could be adjusted before a final budget is adopted.

Those draft documents show $6,920,029 in total budgeted spending and a total library appropriation of $13,080,058. A budget is the amount of money the library plans to spend. The appropriation, typically about twice as much as the budget, is how much the library is allowed to spend.

Budgeted revenues are expected to come in at $5.5 million, including $5.1 million in property tax revenues, according to budget documents obtained by the Journal. Revenues for the 2021-2022 budget year were projected to come in at $7.8 million. Year-to-date revenues have come in at $7.7 million so far this year.

When trustees asked Library Executive Director Cyndi Rademacher why this years revenues were so much lower, she reminded trustees that when the librarys property tax levy was adopted in November, it included an 18% drop from the prior years levy. Property tax levies set in November affect two fiscal years.

Three of the boards six trustees, Patti Rozanski, Becky Keane, and Diane Olson, complained there was not enough time to digest and understand all the information in the budget they received.

On the legal fee budget line item, which in the 2021-2022 budget saw a $40,000 line item but a $500,000 appropriation, $200,000 was proposed in the first draft budget proposal. Rademacher said that is because of ongoing union negotiations.

Rademacher said her proposed budget would fully staff all positions, including those currently vacant because of the hiring freeze, included in the fiscal year 2021-2022 budget that began July 1, 2021. The hiring freeze was implemented in May 2021. She said included in that was a 10% hike in base salaries, because salaries have not been adjusted and because the current employment market is, quite competitive.

Although the fiscal year 2021-2022 budget proposed deep staffing cuts, a last-minute compromise offered by then-Trustee Olivia Hanusiak avoided any layoffs or further budgeted reductions in staff. Hanusiak resigned from the board later that summer and has not been replaced on the board.

Under questioning, library department supervisors reported on their staffing levels. Arianne Carey, youth and teen services supervisor, said her department is down 157.5 hours per week since the start of the 2021-2022 fiscal year. Digital services is down 97 hours a week, other departments reported being down similarly.

Victoria Luz, materials services supervisor, said the impact on staff has been general fatigue. The environment causes people to look elsewhere (for employment), which spreads us even thinner. She concluded, We keep pulling together to get it done, but its painful.

Accountants from the librarys new accounting firm Sikich, who prepared budget documents from materials gathered from department heads and submitted by Rademacher, were not present at Fridays meeting. Several trustees requested they be present at upcoming budget meetings.

Budget meetings were initially scheduled for one last Friday followed by a second meeting, Monday, May 16 before the regular library board meeting Wednesday, so the budget could be placed on public display for the required 30 days and adopted before July 1. That schedule was extended.

The Monday, May 16 meeting was postponed. The Wednesday, May 18 meeting is a regular library board meeting, however, the budget review meeting scheduled for May 16 is now scheduled for Tuesday, May 31, with the tentative budget expected to see a public hearing and vote take place at a special meeting Monday, July 25 after the tentative budget is placed on public display for the required 30 days.

Library Board President Carolyn Drbilk has, for several years, advocated adopting a final budget before the start of the fiscal year, which begins Friday, July 1.

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Niles-Maine Library Staff Complains Of Fatigue From Hiring Freeze Now In 12th Month - Journal & Topics Newspapers Online

The Freedom-class littoral combat ship St. Louis (LCS-19) flies ceremonious flags during its commissioning at Naval Station Mayport. (U.S. Navy photo by Mass Communication Specialist 2nd Class Alana Langdon/Released)

WASHINGTON: The littoral combat ship St. Louis (LCS-19) is currently undergoing a maintenance availability where it will receive the fix to a class-wide problem discovered in the vessels combining gear.

That wouldnt be very noteworthy except for one thing: The ship is on the Navys list of vessels it wants to decommission in fiscal 2023. So why spend time and money to fix a ship ostensibly headed for its exit from service?

Navy spokesperson Jamie Koehler said its because the repairs were commenced as part of the new construction funded post-shakedown availability, prior to final decisions regarding planned decommissioning as part of the 2023 presidents budget and noted that the repair is expected to be completed by December 2022. Further, the repairs will allow unrestricted operations on LCS-19 prior to decommissioning and placement in out of commission, in reserve (OCIR) status, Koehler told Breaking Defense.

Between the lines, though, the choice of whether to fix a ship is more complicated than simply a matter of if it is up for decommissioning and the St. Louis might not really be going anywhere.

St. Louis is the only LCS currently receiving the combining gear fix, but its far from the only LCS up for decommissioning. For years, the service has proposed mothballing certain LCSs for any number of reasons. To justify decommissioning the nine included in this years budget request, the service has problems with the anti-submarine warfare mission module package as well as a desire to use the money elsewhere, such as resupplying its missile stockpiles.

And for years Congress has pushed back, arguing the money is spent, the fleet is already smaller than statutorily mandated and, as problematic as the LCSs have been, they can still serve a purpose. Lawmakers in previous years have compromised with Navy brass, allowing a limited number of vessels to leave the fleet, but have rarely obliged the services requests in full. This year is not looking any different.

The LCS has not been a platform that has achieved its goal. We all know that, Rep. Elaine Luria, D-Va., told Breaking Defense in an interview last month. But it is a platform that can do low-end missions. So if you get rid of the LCSs, what are you going to replace them [with]? Are you then going to need a DDG to go do every one of those ops, or are those ops not going to happen?

RELATED: Dont scrap LCS now that theyre finally useful, Luria says

Koehler said the fix to the defect, which was discovered on all Freedom-class LCS in late 2020, has been implemented on both LCS-21 and LCS-23. Lockheed Martin included the fix already incorporated into LCS-31 before delivering that vessel.

Navy brass during congressional hearings last week acknowledged LCSs that have not received the fix, such as the Sioux City (LCS-11), can be deployed but are restricted in their operations. Its an interesting admission because it shows the service has figured out how to work around the troubled combining gear. If the Navy becomes stuck between declining budgets and lawmakers unwilling to allow more LCSs to be retired, then which ships get the fix and which dont could come down to an internal budget fight.

In the meantime, as one of the youngest ships on the Navys proposed retirement list, it wont be a surprise if lawmakers force the Navy to keep the St. Louis in service for many years to come.

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Why the Navy wants to fix a ship it is asking to decommission - Breaking Defense