Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Derrick Hall satisfied with D-backs’ buying and selling (AP Photo/Matt Rourke, File) Comments Share Grace expects Greinke trade to have emotional impact Former San Diego Chargers head coach and Denver Broncos offensive coordinator Mike McCoy is expected to join the Arizona Cardinals as head coach Steve Wilks’ offensive coordinator, reports 98.7 FM Arizona’s Sports Station’s John Gambadoro.The 18-year NFL coach is receiving a two-year deal from the Cardinals, according to Gambadoro.McCoy began the 2017 season as the Broncos’ offensive coordinator before he was fired in November after the team lost its sixth straight game. In that span that sealed his fate, McCoy’s Denver offense averaged 322.2 yards and 14.2 points per game. Before his brief second stay in the Mile High City, he served as the Chargers’ head coach from 2013-2016.McCoy’s first stint with the Broncos came from 2009-2012, when he was the offensive coordinator and quarterbacks coach before he dropped the quarterback job from 2010-2012.As a quarterback product out of Utah, McCoy played for the Amsterdam Admirals of NFL Europe from 1997 to 1998 and Calgary Stampeders of the Canadian Football League in 1999.McCoy will succeed Harold Goodwin, who spent 2013-2017 as the offensive coordinator under Cardinals head coach Bruce Arians.
Source: Electric Vehicle News See Also Musk Notes And Will Fix Oversight For Gaps In Tesla Service Coverage Here’s What Tesla’s Mobile Service Is Really Like Plug-In Electric Car Sales Surprisingly Decreased In UK In September EV motorists are set for an eco-dividend.The cap hpi, a British company which provides decision support data and software solutions spanning vehicle valuation, validation, collision, mechanical repair, and total cost of ownership, released a report about EV servicing costs.Data seems to confirm that electric car servicing will be cheaper than internal combustion cars, even those with small 1.0T engines. On average, the reduction is some 23% over the first three years and 60,000 miles – “The gap widens for smaller vehicles”.Maintenance cost over three years and 60,000 miles (96,500 km):Renault ZOE – £1,100 (€1,253/$1,445), 26.5% less than a Vauxhall Corsa 1.0T 90 Design costs £1,497Nissan LEAF – £1,197 (€1,363/$1,573), 19% lower than the Volkswagen Golf 1.0TSI 110 SE at £1,429. We are not surprised by why dealers are not in a hurry to introduce electric cars:“While motorists are set to benefit from lower running costs, the changing economics of electric vehicles will challenge motor dealers who rely on service revenue as an important part of their turnover.”Chris Plumb, senior valuations editor at cap hpi said:“An electric car motor has far fewer moving parts than a petrol or diesel engine. They also benefit from gentler driving styles that lead to lower wear and tear of brakes and tyres. While the purchase price is often higher at the moment, but coming down all the time, drivers will find an EV much cheaper to run with significantly lower costs to charge rather than visit the pump and lower maintenance costs.”Here is cap hpi’s report on the growth of the EV sector for industry professionals. Author Liberty Access TechnologiesPosted on October 18, 2018Categories Electric Vehicle News
Yesterday, the U.S. Chamber of Commerce Center for Capital Markets Competitiveness released this report titled “Examining U.S. Securities and Exchange Commission Enforcement: Recommendations on Current Processes and Practices.”Based on a yearlong effort that included surveys and interviews of a diverse group of in-house counsels, securities lawyers, and former SEC staff, the report “looks at the enforcement practices of the Securities and Exchange Commission (SEC) and provides recommendations on how to improve the process for all participants.” (See here for the Chamber press release).Other than a few survey responses, there is nothing in the report specific to the Foreign Corrupt Practices Act. However, there is much in the report that is relevant to FCPA enforcement.For instance, as highlighted in this 2014 FCPA year in review article, of the seven SEC corporate FCPA enforcement actions in 2014, six (86%) were resolved through SEC administrative orders.Regarding the problematic surge in SEC administrative actions, the Chamber report states that “the fundamental problem in the use of an administrative forum to break new ground is the inherent risk of an unchecked expansion of existing legal policy that is not adequately overseen by a truly impartial third-party judicial forum.”Against this backdrop, the report makes a number of recommendations relevant to SEC administrative actions that, at their core, propose “that the Commission adopt a policy to refrain from using its administrative forum as an avenue to adopt new interpretations of the federal securities laws or to apply existing interpretations to new or unique factual circumstances.”Another recommendation in the report that caught my eye was the following: “The Commission should take a leadership role among regulatory bodies at the federal, state, and international levels to reduce or eliminate duplicative and overlapping investigations and duplicative enforcement actions for the same conduct.”As stated in the report:“When companies respond to allegations of improper activities, management’s focus is necessarily diverted from the day-to-day running of its business. That is an ineluctable attribute of doing business in a regulated society. But, there should be some understanding on government’s part that, in the current era, firms are frequently subject to multiple domestic and foreign regulators. Responding to multiple regulators with respect to the same conduct or transaction is not, and should not be allowed to become, a regular attribute of doing business. It is counterproductive—and damaging to shareholders—to subject firms and individuals serially to multiple SEC inquiries or multiple regulators and self regulators for the same alleged misconduct.”A good place to eliminate duplicative regulation is to have the SEC stop enforcing the FCPA’s anti-bribery provisions.As I’ve previously stated, should this reform occur, it could be called “granting the wish” because as highlighted in the article “The Story of the Foreign Corrupt Practices Act,” the SEC never wanted any role in enforcing the FCPA’s anti-bribery provisions. However, congressional leaders at the time of the FCPA’s enactment had a high level of distrust with the Justice Department and insisted, against the SEC’s objections both when the FCPA was enacted in 1977 and when it was first amended in 1988, that it play a role in enforcing the FCPA’s anti-bribery provisions.For additional reading on divesting the SEC of its authority to enforce the FCPA’s anti-bribery provisions, see here from former DOJ FCPA enforcement attorney Philip Urofsky and here from Professor Barbara Black.