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|Kentucky's pension deal offers lessons on risks, cost cuts - |
When Kentucky's public pension put U.S. buyout firm KKR & Co LP in charge of its hedge fund investments in May 2015, its board expected the deal to save money and boost its returns. For the Wall Street firm the deal paid off - over more than a year its unit, KKR Prisma, increased by nearly half the amount of money it managed on Kentucky’s behalf and its fee income rose by at least a quarter, according to KKR Prisma documents seen by Reuters. Kentucky, so far, has come up short.
|Arkansas's fourth execution in eight days ends death chamber flurry - |
By Steve Barnes GRADY, Ark. (Reuters) - Arkansas on Thursday executed its fourth inmate in eight days, administering a lethal injection to a man who killed two people after escaping from a prison where he had been serving a life sentence for murdering a cheerleader. Kenneth Williams, 38, was pronounced dead at 11:05 p.m. at the state's Cummins Unit prison. The state, which had not held an execution in 12 years until this month, had already put three other inmates to death since April 20.
|Next battleground: An aging Great Lakes pipeline stirs new protest - |
Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline - Enbridge Inc.'s aging Line 5, which crosses the Straits of Mackinac. The firm plans to add 18 additional supports in the Straits this summer, he said.
|Exclusive: 'If there's a shutdown, there's a shutdown,' Trump says - |
By Jeff Mason, Steve Holland and Stephen J. Adler WASHINGTON (Reuters) - President Donald Trump downplayed the severity of a potential government shutdown on Thursday, just two days shy of a deadline for Congress to reach a spending deal to avert temporary layoffs of federal workers. If there's a shutdown, there's a shutdown," Trump told Reuters in an interview, adding that Democrats would be to blame if the federal government was left unfunded. Congress has until 12:01 a.m. ET on Saturday to pass a bill to fund the government or face a shutdown, which would temporarily lay off hundreds of thousands of federal workers.
|Berkeley largely quiet after Ann Coulter speech cancelation - |
Police at the University of California at Berkeley braced for civil unrest on Thursday in the aftermath of a canceled speech by conservative commentator Ann Coulter, but the campus remained tranquil through the day while hundreds of her supporters rallied nearby. Some in the pro-Coulter crowd engaged in a brief shouting match with counter-demonstrators who confronted them on the edge of a Berkeley city park several blocks from campus late in the afternoon, but police managed to keep the two sides apart. Coulter, one of America's best-known and most provocative pundits on the political right, said on Wednesday that she no longer intended to defy university officials by speaking on campus without their permission.