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General Electric was blasted on Wednesday by workers, retirees and shareholders bemoaning the downfall of the company they love.At its annual meeting, GE got an earful from employees and investors who pleaded with management to right the ship after a disastrous year."I believe it was arrogance and a series of bad business decisions," former employee Bill Freeda said. "Our board of directors clearly has been AWOL."Another shareholder said: "GE, which was once one of the preeminent companies in the world — the bluest of blue chips — is now an embarrassment."The past 12 months has been one of the darkest periods in GE's 126-year history. A cash crisis, brought on by years of bad deal-making, forced GE to cut its dividend in half and lay off thousands of workers. GE's stock price has crashed by 50%, and calls to kick it out of the Dow have grown louder.Despite the deep criticism of past and current GE leaders, the company's nominees to the board were all elected on Wednesday. None of the shareholder proposals calling for reform were adopted, though one pushing for splitting the CEO and chairman roles received strong support.John Flannery, a veteran GE executive who replaced longtime chairman and CEO Jeff Immelt last year, said he remains "extremely proud" of the company despite its "immensely disappointing" results."We're keenly aware of the pain that our performance has caused," he said.Flannery urged investors and employees to keep the faith and said results from the start of 2018 offer hope."I want all of you to be proud of the company and not lose heart," he said. "I assure you we will not let up until this job is complete."Former GE workers slammed the company for eliminating their supplemental health insurance plans."We built the company. We put it where it is today," said Ron Flowers, president of the Retiree Association of General Electric."Don't just think financially," Flowers urged the board. "Think morally also."Other retirees lamented GE's billion pension deficit, the largest among S&P 500 companies. They questioned whether the pension fund, whittled by years of low rates and inattention, will be around to support them.Flannery said the pension fund is running a "significant deficit," but he said maintaining its integrity is "a deep priority for us." He noted GE recently announced plans to contribute billion to the fund.Freeda, a GE retiree, slammed Immelt for having a back-up jet fly around the world with him on some trips. (GE has said it stopped that practice in 2014. Immelt told the board last year in a letter that he "did not have time to personally direct" the day-to-day operations of GE's corporate air team. He said use of the spare plane was halted once he became aware of it.)"Shareowners should wonder: Were there other serious business abuses?" Freeda said. He called for an independent investigation into questionable business practices under Immelt and urged GE to consider clawing back the former CEO's bonuses.Flannery said that the GE board would take "appropriate steps" if "evidence of serious misconduct" were to emerge. A spokesperson for Immelt declined to comment.GE shareholders voiced stronger support for a proposal aimed at boosting oversight by splitting the CEO and chairman roles. About 41% of shares were cast in favor of the bid, up from 24% last year.In light of accounting concerns at GE, shareholder support for KPMG as the company's auditor dropped sharply. Just 65% of shares were cast in favor of ratifying KPMG, down from 94% last year. KPMG has been inspecting GE's books for 109 years, leading critics to argue they've become too cozy.Martin Harangozo said he was fired by GE with no severance after raising questions about "bad" accounting."GE transitioned from an honest company to a dishonest company," Harangozo said.Underscoring the challenges facing GE, Moody's lowered its credit outlook on the conglomerate to negative on Wednesday because of the expected costs of a Justice Department investigation into its subprime-mortgages business.Moody's warned it could downgrade GE's credit rating if the company fails to improve cash flow significantly or if revenue keeps shrinking at the beleaguered power division. GE shares dropped nearly 5% on Wednesday, leaving them down 53% over the past year.One retiree pleaded with Flannery to turn around the company — fast."My whole life has been GE," he said. "Give it all you've got. We're with you." 4465

GENEVA (AP) — The U.N. humanitarian office says needs for assistance have ballooned to unprecedented levels this year because of COVID-19, projecting that a staggering 235 million people will require help in 2021.This comes as a result of the coronavirus pandemic and global challenges, including conflicts, forced migration, and the impact of global warming.“The humanitarian system again proved its worth in 2020, delivering food, medicines, shelter, education, and other essentials to tens of millions of people,” said UN Secretary-General António Guterres in a press release. “But the crisis is far from over. Humanitarian aid budgets face dire shortfalls as the impact of the global pandemic continues to worsen. Together, we must mobilize resources and stand in solidarity with people in their darkest hour of need.”The U.N. Office for the Coordination of Humanitarian Affairs, or OCHA, expects a 40% increase in the number of people in need of such assistance in 2021 compared to this year.OCHA made the projections in its latest annual Global Humanitarian Overview on Tuesday, saying its hopes to reach 160 million of those people in need will cost billion. Still, OCHA says they’ve only raised billion thus far.UN humanitarian chief Mark Lowcock told a U.N. briefing that the U.N. appeal could raise billion by the end of the year, which according to the Associated Press, is billion more than last year.“We can let 2021 be the year of the grand reversal – the unraveling of 40 years of progress – or we can work together to make sure we all find a way out of this pandemic,” Lowcock said. 1621

FULLERTON (CNS) - A 34-year-old Las Vegas man pleaded guilty Thursday and was immediately sentenced to six months in jail for his part in a brawl at Disneyland that was captured on video that went viral.Avery Desmond Edwin Robinson pleaded guilty to a felony count of corporal injury on a cohabitant, a count of assault with force likely to produce great bodily injury, a count of assault with a deadly weapon, two counts of criminal threats, five counts of battery and four counts of child abuse and endangerment, all misdemeanors. He accepted a plea bargain from Orange County Superior Court Judge Scott Steiner.Steiner also sentenced Robinson to perform eight hours of community service and participate in a batters' treatment program.RELATED:Children watch as adults fight at Disneyland's ToontownThree people charged in Disneyland brawl that was caught on videoTwo charged in Disneyland 'Toontown' brawl miss arraignmentHis sister, Andrea Nicole Robinson, 41, and her husband, Daman Petrie, 44, of Compton, failed to show in court and a warrant has been issued for their arrests.Robinson's sister is charged with four misdemeanor counts of battery for allegedly attacking her brother, his girlfriend and a Disneyland security guard, and a misdemeanor count of assault on her brother's girlfriend. She faces 2 1/2 years in jail if convicted.Petrie is charged with one count of battery on his brother-in-law's girlfriend, who was punched in the face during the July 5 scrum, and faces up to six months in jail if convicted, according to prosecutors.It's unclear what touched off the fight, which broke out in Toontown and sprawled out onto the theme park's Main Street, but several Disneyland visitors tried to stop it, prosecutors said. One theme park guest put Avery Robinson in a chokehold, prosecutors said, and one of the children with the family was carried away from the brawl.When security guards asked the family to leave, there was more violence, prosecutors allege. Avery Robinson is accused of attempting to hit a security guard with his vehicle as he drove away and threatening to kill his sister and Petrie as he allegedly simulated having a gun in his hand, prosecutors said. 2201

Gun policy has been a longtime devise topic but not usually a top issue among Latino voters. That is until this election.A recent research study found 7 out of 10 Latinos voters want stricter gun policy.In El Paso, Texas, a mass shooting that left 23 people dead and several injured has caused people to pay closer attention to gun policy and take a stance.On Monday, we ran into Adrian Loera at Sportsman Elite. Loera was at the gun store practicing shooting his gun at the range.“You never know when something is going to happen,” he said. “That is one of the reasons why I got my handgun license, because of the events that happened here last year.”Loera is referring to August 3, 2019, when a gunman drove hundreds of miles to an El Paso Walmart, with the sole purpose of killing Latinos.Last year's shooting changed a lot for El Paso. It robbed the community of a sense of security they once felt. Loera says he never thought about owning a gun before and now not only does he own a gun, he wants to make sure no one takes away his right to do so. His new beliefs would influence his vote this coming election.While Loera’s views on gun policy have changed, the same horrible event had quite the opposite impact on Miranda Escobar Gregory. As she stands in front of the newly erected memorial for all 23 of the victims, she recalls the paralyzing fear she felt the day of the shooting. She says the entire city was locked down for hours.“It’s not a need to have a giant machine gun or semi-automatic gun when you are just playing it safe,” said Escobar Gregory.She wants assault-style guns to be banned at the federal level and a mental health screening as part of the purchasing process. In Texas, you can buy a gun as long as you pass a criminal background check.Critics of a more restrictive purchasing process say there are other tactics that should be considered.“Another law preventing or trying to prevent law abiding citizens from getting access wouldn’t have changed the outcome of that day,” said Richard Garcia, the director of training at Sportsman Elite.Garcia says he is a proponent of decreasing all types of violence but feels as a nation, we need to get to the core issue of why these things keep on happening.“I think we should be moving towards the actual root of the problem, which does back to the individual. What can we learn from the person who did this so we can prevent something like this from happening in the future,” said Garcia.Garcia says conversations need to be had and arguments need to be worked through so that we can come to a compromise on how to best address the issue.“I know there is no such thing as a perfect compromise, but that is what the laws in the books are for,” said Garcia.Escobar Gregory says she will continue to fight for stricter gun policies and vote for those who will support her wishes. Meantime, people like Loera, who fear his right to own a gun might get a little more difficult, are rushing to get a license to carry and purchase a firearm. 3018

Half, or more, of households in America’s largest cities report facing “serious financial problems during the coronavirus pandemic,” according to new survey results. These problems include having to deplete their savings, unable to pay full rent, etc.The survey included responses from more than 3,400 people in New York City, Los Angeles, Chicago, and Houston over the course of July 1 through August 3. It was conducted by the Harvard T.H. Chan School of Public Health, in partnership with NPR and The Robert Wood Johnson Foundation.In all four cities, at least 53 percent of households reported facing serious financial problems; between 35 to 40 percent of those people said they had used up all or most of their savings during the coronavirus pandemic.Latino and Black households were more likely to have financial problems, according to the survey, with responses about ten to 15 percentage points higher than the city’s average.In addition, 54 percent of those households making less than 0,000 a year reported having financial problems during the pandemic. By comparison, only 20 percent of those households making more than 0,000 a year reported issues.The study’s authors say the results show personal financial challenges run deeper than previously understood. "I would have expected that all the aid that was coming from various sources would have narrowed, not eliminated, the differences by race and ethnicity," but it did not, said Robert Blendon, professor emeritus of health policy and political analysis at Harvard and co-author of the survey.The study’s authors remind readers the survey was done during a time when the federal government was offering 0 a week in additional unemployment benefits. Those payments were not renewed after July. Although some states are offering additional money now, that has only just started.“These findings raise important concerns about households’ abilities to weather long-term financial and health effects of the coronavirus outbreak, as a large share have depleted their savings and are having major problems paying for basic costs of living, including food, rent, and medical care,” the study concludes. 2179

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