The rise of the CEO as social justice warrior | Jill Priluck

Corporations are stepping into the moral vacuum left by Republican officials. But their motives arent exactly altruistic On the heels of JP Morgan and Wells Fargo, which both no longer finance the operations of prisons and detention centers. While the bank has cited political disagreement as the reason for the divestment, its decision to sever ties comes after a Miami Herald article revealed that Bank of America had provided a $380m loan and a $75m credit line to Caliburn, operator of a facility that houses separated migrant children. Bank of America claimed the decision was down to the prison industrys lack of needed criminal justice and immigration reforms, though it didnt elaborate. But its obvious bad PR was a factor. …

Ending the Iranian sanctions waiver could be own goal for Trump

Preventing Irans oil from reaching the market will raise oil prices and US business costs The past two and a bit years have shown that it is naive to expect Donald Trumps strategic and economic policies to demonstrate coherence. Even so, the lack of joined-up thinking in the decision to end the those responsible for the attack also dealt a heavy blow to a Sri Lankan economy that is highly vulnerable to a collapse in the number of overseas visitors. Since the end of the civil war a decade ago, the number of people attracted by Sri Lankas mix of beaches, culture and wildlife has increased sixfold. Tourism accounts for a hefty 11% of national output. The number of visitors …