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LOS ANGELES (AP) — “Captain America” actor Chris Evans is hoping his new website and app can help voters make educated choices in the November U.S. election. His civic engagement site, A Starting Point, features short videos from Republican and Democratic members of Congress and other U.S. politicians sharing perspectives on policy issues. With regular visits to Capitol Hill, Evans built the site over the course of two years alongside a longtime friend. Evans says he hopes the site has a “broader impact” than his past withering tweets about President Donald Trump. He hopes to keep the effort going long after the November election. 646
LONDON (AP) — John le Carre, a spy turned novelist who became the preeminent writer of espionage fiction in English, has died at the age of 89.Le Carre’s literary agency, Curtis Brown, said Sunday that he died in Cornwall, southwest England on Saturday after a short illness.His family said he died of pneumonia and the death was not related to COVID-19.Born David Cornwell, le Carre worked for Britain’s intelligence service before turning his experience into fiction in works, including “Tinker Tailor Soldier Spy” and “The Spy Who Came in from the Cold.”In the quiet, watchful spymaster George Smiley, he created one of 20th-century fiction’s iconic characters — a decent man at the heart of a web of deceit. 719

LOS ANGELES (AP) — Wells Fargo has agreed to pay billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.Since the fake-accounts scandal came to light in 2016, Wells has paid out billions in fines to state and federal regulators, reshuffled its board of directors and seen two CEOs and other top-level executives leave the company. The billion payment announced Friday includes a 0 million civil payment to the Securities and Exchange Commission, which will distribute those funds to investors who were impacted by Wells' behavior.Since 2016, the bank has battled a laundry list of legal troubles, including creating fake accounts, forcing customers into car insurance purchases they didn't need, overcharging customers, and charging them mortgage fees they didn't deserve. 928
LOS ANGELES (AP) — It's not exactly the last straw but Los Angeles has ordered restaurants to stop providing the disposable plastic kind unless customers ask for them.The City Council on Friday unanimously passed an ordinance barring restaurants and food trucks from offering plastic straws to customers, even those taking food to go.Drive-through and delivery places can offer the straws but can't automatically provide them.RELATED: San Diego ban on Styrofoam, single-use plastics takes effectFor businesses with 26 employees or more, the law takes effect on April 22, which is Earth Day. All restaurants must comply by October.L.A. becomes the largest U.S. city to pass a law aimed at reducing plastic waste, which is winding up in landfills and the ocean in enormous quantities.California passed a law last year prohibiting full-service restaurants from automatically providing the straws. 901
LOS ANGELES (CNS) - The Securities and Exchange Commission announced Friday that Calabasas-based Cheesecake Factory Inc. will pay a 5,000 penalty for making "false or misleading" disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition.This is the first time the SEC has brought allegations against a public company for misleading investors about the financial effects of the pandemic.According to the SEC's order, the Cheesecake Factory restaurant group said in regulatory filings in March and April that its eateries were "operating sustainably," while failing to disclose that the company was losing roughly million in cash per week and had just 16 weeks of cash remaining.The order finds that although the company did not disclose the information in its filings, the group did share the particulars with potential private equity investors or lenders as it sought additional liquidity during the public health crisis.Without admitting the SEC's findings, the restaurant company agreed to pay the penalty and to cease-and-desist from further violations of the charged provisions. In determining to accept the settlement, the SEC said it considered the cooperation afforded by the company.A Cheesecake Factory representative pointed to a disclosure form filed Friday in which the company stated it was in full compliance with the cease- and-desist order and that the company "fully cooperated with the SEC in the settlement" without admitting or denying the regulators' allegations.The order also finds that although the March filing described actions the company had undertaken to preserve financial flexibility during the pandemic, it failed to disclose that Cheesecake Factory already had informed its landlords that it would not pay rent in April due to the impacts that COVID- 19 inflicted on its business."During the pandemic, many public companies have discharged their disclosure obligations in a commendable manner, working proactively to keep investors informed of the current and anticipated material impacts of COVID-19 on their operations and financial condition," SEC Chairman Jay Clayton said. "As our local and national response to the pandemic evolves, it is important that issuers continue their proactive, principles-based approach to disclosure, tailoring these disclosures to the firm and industry-specific effects of the pandemic on their business and operations. It is also important that issuers who make materially false or misleading statements regarding the pandemic's impact on their business and operations be held accountable."Cheesecake Factory had notified its landlords that it wouldn't pay rent on April 1 due to financial complications stemming from the coronavirus outbreak. A letter sent by Chief Executive David Overton to the restaurant group's landlords -- many of which are shopping mall operators -- was released publicly in March by Eater L.A.The company has 294 restaurants in North America, 39 in California and five in San Diego County.Its largest landlord is Indianapolis, Indiana-based real estate company Simon Property Group, which provides space for 41 Cheesecake Factory locations, according to the San Fernando Valley Business Journal."When public companies describe for investors the impact of COVID-19 on their business, they must speak accurately," said Stephanie Avakian, director of the SEC's Division of Enforcement. "The Enforcement Division, including the Coronavirus Steering Committee, will continue to scrutinize COVID- related disclosures to ensure that investors receive accurate, timely information, while also giving appropriate credit for prompt and substantial cooperation in investigations." 3725
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