Archive - May 28, 2019

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A Writer Writes — “ERITREA’S INDEPENDENCE DAY – MAY 29” by John C. Rude (Ethiopia)
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Transport Secretary & former Peace Corps Director Elaine Chao still owns road-paving company stock she promised to get rid of

A Writer Writes — “ERITREA’S INDEPENDENCE DAY – MAY 29” by John C. Rude (Ethiopia)

    ERITREA’S INDEPENDENCE DAY – MAY 29 by John C. Rude (Ethiopia 1962-64) This week, on May 29, Eritrea celebrates its 28th anniversary as an independent nation. It will be the first independence celebration since Ethiopia’s reform-minded Prime Minister, Abiy Mohammed, announced a unilateral cessation of hostilities, less than a year ago, on July 9, 2018. This independence celebration may also mark the end of Eritrea’s long search for legitimacy. I happened to visit the country in 1992, shortly after Eritrea marked its first independence day. I shared the sadness of the people around me who mourned the war’s heavy sacrifices. Even so, I remember the first anniversary as a time of hoped-for new beginnings. I imagined the atmosphere in Eritrea to be comparable to the years after America won its independence from England in 1780. Then I realized that Eritrea came into being (as a colony, not a . . .

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Transport Secretary & former Peace Corps Director Elaine Chao still owns road-paving company stock she promised to get rid of

    Thanks for the ‘heads up’ from Dale Gilles (Liberia 1964-66) • Transport Secretary Elaine Chao could be in for a bumpy ride after The Wall Street Journal reported that she still owns stock in a road-paving company, more than a year after she promised to get rid of it. Chao’s holdings are in Vulcan Materials, which is the largest U.S. supplier of stone, sand, and gravel used in road-paving and building. The stock price has risen nearly 13 percent since April 2018, the month Chao said she would ditch the shares, meaning she’s gained more $40,000 since the promise was made. Shares valued at nearly $400,000 and were paid out to Chao in April 2018. They were given in compensation for her time on Vulcan’s board, before she was confirmed as secretary of transportation. Chao’s 2017 ethics agreement said she would receive a cash payout in April 2018 in exchange for . . .

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