About 175 arrested early Sunday in Chicago protest


The Chicago protests, linked to the Occupy Wall Street movement that sparked weekend demonstrations around the world, drew more than 2,000 people on Saturday and into the early hours of Sunday. Marches in New York and Los Angeles attracted about 5,000 people each on Saturday.But the predawn arrests scuttled, at least for now, plans by the Chicago protesters to build a protest camp similar to that in New York’s Zuccotti Park, the Manhattan hub of the Occupy Wall Street movement that began last month.After the arrests, demonstrators in Chicago said they were plotting a way forward, grappling with issues including trespassing laws barring occupation of public spaces, organizing challenges and dropping temperatures.The arrests happened after protesters marched on Saturday from Chicago’s financial district, where some have spent the night on sidewalks, to Grant Park where they hoped to set up camp despite a law barring the public from city parks after 11 p.m.”We went in knowing that we were going to occupy,” said Kyle Miskell, a 24-year-old computer technician, adding he was among those arrested. “We were hoping the city would say, ‘OK, let them occupy here.’ But it didn’t work out that way.”Police warned them to leave. But some protesters linked arms around the tents, saying they were willing to be arrested. Others stood across the street to chant and sing on the sidewalk in a gesture of solidarity.”They were given warnings, advised of the statute and that they were in violation, and they chose to stay,” Chicago Police spokesman Daniel O’Brien said.Police took down close to 30 tents after hauling away the last of the arrested protesters early on Sunday, protesters said. At least one protester said the police acted “humanely.”Miskell said the protesters “definitely need a more permanent residence” more comfortable than the financial district sidewalk they currently occupy.”Sleeping on the streets in November and December in Chicago is not a good idea,” he said.Another Chicago protester, an intensive care nurse, said that as the Chicago movement grew it needed a “more visible, yet safe” place to call home.”There has been talk about people trying to reoccupy Grant Park tonight. When the police were tearing down the tents, there was a chant of ‘We have more tents,’” said the woman, 31-year-old Heather Fallon.ARRESTS IN OTHER CITIESIn New York, where the movement began when protesters set up camp on September 17, 92 demonstrators were arrested on Saturday and early on Sunday for disorderly conduct and resisting arrest, police said.More than a dozen were demonstrators arrested in Washington Square Park for violating the park’s midnight curfew.Another roughly 20 protesters were arrested late on Saturday in Raleigh, North Carolina, and about 50 were arrested in Phoenix.In addition to the U.S. protests, demonstrations stretched into Sunday in London, where about 250 people set up camp outside St Paul’s Cathedral, vowing to occupy the site indefinitely to show their anger at bankers and politicians over the global economic crisis.The protests, in Asia and Europe as well on Saturday, were mostly peaceful apart from in Rome, where the demonstration sparked riots.American protesters are angry that U.S. banks are enjoying booming profits after getting bailouts in 2008, while many ordinary Americans are struggling to stay afloat in a difficult economy with more than 9 percent unemployment.They also believe the richest 1 percent of Americans do not pay their fair share in taxes and want a more equitable economic system.Some protesters said they were pleased with the weekend’s turnout, although some marches were smaller than organizers had expected and it was unclear if the movement, largely driven by social media, would sustain its momentum. Critics have accused it of lacking clear goals.Occupy LA organizer Clark Davis was exuberant over the 5,000 people who marched through the streets of Los Angeles and gathered peacefully outside City Hall.”Wow, they really showed up,” he said.In New York, Troy Simmons, production manager for a health food business, said he was surprised turnout was not larger.”People don’t want to get involved. They’d rather watch on TV,” he said.

@7 months ago with 47 notes
#About #175 #arrested #early #Sunday #in #Chicago #protest 

CORRECTED - Lawmakers attack US plan to limit food ads to kids


* Waxman defends Obama administration agencies* FTC says age should be limited to 11 and underWASHINGTON, Oct 12 (Reuters) - Republican lawmakers on Wednesday attacked an Obama administration proposal for limiting food advertising to children even as the team behind the plan offered concessions to food and beverage makers.Fred Upton, chairman of the Energy and Commerce Committee in the U.S. House of Representatives, attacked the Interagency Working Group for failing to produce a study it was asked for and instead proposing last April voluntary limits on food advertisements to children.”Instead of conducting the study or providing recommendations, the (group) unilaterally proposed guidelines that were so extreme that they would prevent the marketing to children of foods that most parents consider a win if their kids eat — such as yogurt, cheese sticks and even soup,” said Upton at a joint hearing of two subcommittees.Representative Marsha Blackburn, a Republican said the limits would “suppress free speech.”Representative Henry Waxman said the food industry spent $1.6 billion marketing to kids each year. The Democrat raised questions about assertions that the proposals would mean 700,000 lost jobs.”It’s a way not to have our kids subjected to advertising that they don’t know what to do with. They’re kids!” said Waxman. “Somebody should do something. If not government suggesting ideas, will industry act on its own?”Food, beverage and restaurant companies, which are under scrutiny for contributing to rising childhood obesity rates, oppose the administration’s attempts to limit ads to children.About 17 percent of U.S. children aged 2-19 are obese, according to data on the CDC website. Nearly one in three U.S. children are overweight and rates are rising quickly.The working group, which includes the Food and Drug Administration, Centers for Disease Control and Prevention, the Agriculture Department and the Federal Trade Commission, said in April that companies should end all food advertising to children unless they promote healthy fare, such as whole grains, fresh fruits or vegetables.Under that proposal, salty, fatty or very sweet foods or foods with trans fats would no longer be advertised to children aged 17 or under.But in testimony from the Agriculture Department, Dr. Robert Post backed a program from the industry’s Children’s Food and Beverage Advertising Initiative (CFBAI).”Overall, the CFBAI standards present, in many respects, a reasonable set of criteria to consider for revising the… draft proposal,” said Post.The industry effort would ensure that at least half of all advertising to children would tout healthier foods.Food companies also say they have cut the amount of sugar, far and calories in some products.The FTC also weakened its recommendations.David Vladeck, head of the FTC’s Bureau of Consumer Protection, said the group would exempt older children from the guidelines and limit recommendations to children 11 and under.It also excluded from the proposal advertising aimed at a general audience and advertising that was part of charitable or community events. It would not recommend banning clowns and cartoon characters, such as Ronald McDonald and SpongeBob SquarePants, used to advertise unhealthy foods.Advertisers, who also are lobbying against the proposals, welcomed the changes, but said industry should be left to regulate itself.The Obama administration, with its goal of containing healthcare costs, has emphasized children’s health. First Lady Michelle Obama’s “Let’s Move” campaign has pushed children to eat healthier food and exercise more.

@7 months ago with 71 notes
#CORRECTED #Lawmakers #attack #US #plan #to #limit #food #ads #to #kids 

EU court: ban on Internet sales can sometimes be justified


French judges had asked the ECJ for a clarification on the issue. A court adviser had said in March a ban on Internet sales restricted competition.”A clause in a selective distribution contract banning the distributors of the company Pierre Fabre Dermo-Cosmétique from selling its products online amounts to a restriction on competition by object, unless that clause is objectively justified,” the court said.”Such a ban may not benefit from a block exemption but may, if certain conditions are met, benefit from an individual exemption,” it said.It is now up to French judges to assess whether there are legitimate reasons for PFDC’s ban.PFDC, maker of the Avene, Klorane, Galenic and Ducray brands, requires distributors to sell its products only in shops and with a qualified pharmacist.Luxury brand owners have long argued that bricks-and-mortar outlets are key to protecting their image and exclusivity, while online retailers and markets such as eBay have challenged such claims.

@7 months ago with 33 notes
#EU #court #ban #on #Internet #sales #can #sometimes #be #justified 

Citi to rebuild broker ranks, ends RIA plan


* Citi joins several U.S. banks expanding advice offeringsBy Joseph A. GiannoneNEW YORK, Oct 14 (Reuters) - More than two years after selling control of brokerage giant Smith Barney, Citigroup Inc this week abandoned its strategy of referring clients to independent investment advisers.Citi said in a statement it cut 80 of its personal wealth management investment consultants in the United States as part of the move. The firm instead plans to expand the internal brokerage and wealth advisory services it already offers and, over the next year, add 30 financial advisers to the pool of 270 it already has.The company will also expand its premium Citigold banking accounts, a program that refers customers to the bank’s financial advisers. Citi also said it will improve financial planning, retirement and insurance offerings, but did not give any details in its statement.”They’ve been all over the map,” said one brokerage recruiter, who asked to remain anonymous because he sometimes does business with Citi. “It appears they’re going back to a more traditional approach to this business.”Citi declined to comment beyond the statement.This is Citi’s latest attempt to build a retail wealth management business since massive credit losses in 2008 sent Citi shares plunging and compelled two government bailouts.In January 2009, Citi sold its 11,000-broker Smith Barney unit to Morgan Stanley for $2.7 billion in cash and a 49 percent stake in the resulting Morgan Stanley Smith Barney joint venture. Roughly 600 branch-based brokers remained at Citi when the deal was closed in June 2009.In October of that year, Deborah McWhinney, who joined Citi in March 2009 after seven years heading Charles Schwab Corp’s investment adviser business, shook things up when she said brokers would no longer receive commissions and would become fee-based advisers.She also introduced a plan to refer sophisticated customers to outside registered investment advisers and encouraged advisers to work in teams.”The RIA plan was a quick fix,” Aite Group research director Alois Pirker said.It was designed to help Citi rebuild a wealth management business without a lot of upfront expenses, Pirker added.The strategy echoed one McWhinney oversaw at Schwab, an online brokerage that also sells custody services to RIAs. Brokerage clients are referred to select RIAs.Hundreds of Citi brokers left and the wealth management sales force was nearly halved within a year of McWhinney’s arrival. The referral program did not get off the ground, analysts said.In February, McWhinney left Citi wealth management to head up digital merchant acquiring in the bank’s payments business. Citi had about 400 wealth advisers at that time.The latest announcement comes on the heels of similar initiatives at rivals such as Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co . The banks are beefing up financial advice offerings for branch customers.”The bank gets to be more strategic about what it wants, now that it has more breathing space,” said Aite’s Pirker, who took issue with Citi’s RIA referral plan. “You don’t want to delegate the advisory role to an external party. That’s where the value in these relationships lies.”Citi, which has about 1,000 branches in North America, does not have much time to sort out its retail wealth management plans. Morgan Stanley can acquire full control of the brokerage venture from Citi by 2014, according to the agreement.The bank’s efforts are dwarfed by rivals such as Wells Fargo, which has the third largest retail brokerage and nearly 4,000 branch-based advisers. Bank of America, which employs 16,000 Merrill Lynch brokers, also is expanding Merrill Edge, which offers online brokerage and soon will have more than 1,000 advisers located in branches and call centers.

@7 months ago with 105 notes
#Citi #to #rebuild #broker #ranks #ends #RIA #plan 

EU court: ban on Internet sales can sometimes be justified


French judges had asked the ECJ for a clarification on the issue. A court adviser had said in March a ban on Internet sales restricted competition.”A clause in a selective distribution contract banning the distributors of the company Pierre Fabre Dermo-Cosmétique from selling its products online amounts to a restriction on competition by object, unless that clause is objectively justified,” the court said.”Such a ban may not benefit from a block exemption but may, if certain conditions are met, benefit from an individual exemption,” it said.It is now up to French judges to assess whether there are legitimate reasons for PFDC’s ban.PFDC, maker of the Avene, Klorane, Galenic and Ducray brands, requires distributors to sell its products only in shops and with a qualified pharmacist.Luxury brand owners have long argued that bricks-and-mortar outlets are key to protecting their image and exclusivity, while online retailers and markets such as eBay have challenged such claims.

@7 months ago
#EU #court #ban #on #Internet #sales #can #sometimes #be #justified