techkenyot.com
techkenyot.com October 21, 2017


Palace hands off on Bautista impeachment

12 October 2017, 10:38 | Glen Norman

MANILA. Commission on Elections Chair Juan Andres Bautista

MANILA. Commission on Elections Chair Juan Andres Bautista

For Rep. Edcel Lagman of Albay, the decision of the House leadership to impeach Bautista was totally unnecessary.

He cited Section 11 of Rule III of the House Rules on Impeachment, which stated that the decision of the House to overturn the committee report presupposes that the recommendation is based on the insufficiency of the complaint, lack of sufficient grounds or absence of probable cause.

Bautista is being accused of neglect of duty that resulted in the hacking of voters' personal information, allowing automated election machine provider Smartmatic to tinker with the script of the "transparency" server that broadcast the 2016 election results, and hiding almost P1 billion in ill-gotten wealth as alleged by his estranged wife, Patricia Paz.

Hours before the House voted to proceed with his impeachment, Bautista announced his resignation effective December 31, 2017.

An immediate resignation by Commission on Elections (Comelec) Chairman Andres Bautista could have avoided an impeachment vote, a ranking lawmaker said Wednesday.

Endorsers of the impeachment complaint, Kabayan party-list Rep. Harry Roque and Cebu Rep. Gwendolyn Garcia, said Bautista could still withdraw his resignation and enjoy a one-year immunity from impeachment if the House did not reverse the justice committee decision.

Tesla Inc. (TSLA) Given Consensus Recommendation of "Hold" by Analysts
Sit Investment Associates Inc holds 1.33% of its portfolio in Eaton Vance Short Duration Diversified I for 3.81 million shares. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $59.13B.

"However, we respect his decision and that we believe that he was compelled by higher reasons and the welfare of his children in coming up with his final decision to resign by the end of the year", they said.

"After all, Bautista, in his short stint as Comelec chairman, had demonstrated his honest efforts to protect the integrity of our election as evidenced by the conduct of the 2016 elections which was hailed by independent and foreign observers as the best managed and most credible election in our country", he said.

"For one, it will enable the Comelec to act as one (all Commissioners, Directors and rank-and-file employees) and purposely fulfill its mandate under the 1987 Constitution", said PPCRV chairperson and former Comelec Commissioner Rene Sarmiento. President Duterte himself has also threatened to have Ombudsman Conchita Carpio-Morales impeached.

Bautista stood pat on his decision to step down from office at the end of the year.

"My resignation letter has already been filed with the President. The President can not (also) appoint without vacancy", Castillano said in an interview with reporters on Thursday.

Pimentel at the same time assured his colleagues Bautista's trial won't interfere with legislative work, particularly deliberations on the P3.8-trillion national budget for 2018 and the tax reform bill, a priority measure.

FBR & Co Comments on MetLife, Inc.'s Q3 2017 Earnings (MET)
Following the acquisition, the director now directly owns 41,951 shares in the company, valued at approximately $2,272,485.67. California-based Checchi Capital Advisers Limited Liability Company has invested 0.04% in Metlife Inc (NYSE:MET).

On why his resignation was not irrevocable, he said, "Out of respect to the appointing authority, I didn't use that word". It was just yesterday, so let's give him time to decide on it.

Sen. Francis Pangilinan on Wednesday said there was no more need to hold an impeachment trial as Bautista had resigned. He refused to answer a question on whether committee chairman Rep. Reynaldo Umali of Mindoro Oriental should resign.

He also said the House decision to send the complaint against Bautista to the Senate for trial was "premature".

He said the only goal of the impeachment proceeding is to remove an impeachable official, and Bautista's resignation would deem the process moot.

However, he noted, he was also prepared to stay if President Duterte decides to set aside his resignation.

"It will mean more time for Chairman Andy Bautista to bond with his children". I have not seen any formal letter of resignation.

Gabelli Funds LLC Has $2.635 Million Stake in Regeneron Pharmaceuticals Inc (REGN)
The investment professionals in our partner's database now have: 71.53 million shares, up from 70.55 million shares in 2017Q1. It has outperformed by 0.70% the S&P500.The move comes after 5 months negative chart setup for the $48.31 billion company.



Other News

Trending Now

Equifax Pulls Web Page Offline After Another Possible Attack
The move follows a report that the page was directing visitors to install fake Adobe Flash updates containing adware. Then he successfully replicated the problem at least five times, making a video that he posted to YouTube.

GM announces production reduction at Detroit-Hamtramck Assembly plant
The Detroit-Hamtramck plant will likely produce 20 percent fewer vehicles once production resumes in 2018, the Journal said. Impala sales are off 32 percent through September, while Volt sales are down 6 percent and LaCrosse sales are off 21.

GOP senator to Trump: Are you 'recanting of the' Oath of Office?
Trump tweeted in response: "Fake @NBCNews made up a story that I wanted a "tenfold" increase in our US nuclear arsenal". Only local broadcast affiliates have licenses, and they have control of how they cover the president.

Robert Pattinson And FKA Twigs Have Reportedly Called Off Their Engagement
The British singer, however, was spotted without her engagement ring last month. Vincent, and is now in a relationship with model Stella Maxwell.

Mike Phelan reveals major area where Jose Mourinho is thriving
Mourinho initially signed a three-year deal in the summer of 2016 when he replaced Louis Van Gaal. The new deal is also expected to tie him to Old Trafford until 2022.

Wal-Mart Stores, Inc. (NYSE: WMT)
The firm has "Buy" rating by Nomura given on Friday, May 20. (NASDAQ:CPRT) has "Hold" rating given on Friday, May 27 by Jefferies. Cullinan Associates Inc increased American Electric Power (NYSE:AEP) stake by 7,800 shares to 23,600 valued at $1.64M in 2017Q2.

Glu Mobile Inc. (NASDAQ:GLUU), Steel Dynamics, Inc. (NYSE:STLD)
Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. It is equal to earnings before interest, tax, depreciation and amortization (EBITDA) divided by overall revenue.

Bitcoin reaches new high as it approaches $5300
The price of Bitcoin reached an all-time high, smashing through the $5,000 mark as it rebounds from a short period of uncertainty. It is important to highlight the fact bitcoin could be bought for around $570 just about a year ago.

Amazon and Microsoft team up to create deep learning interface
AWS and Microsoft published Gluon's reference specification so other deep learning engines can be integrated with the interface. Optimising the process Microsoft and Amazon said Gluon addresses one of the biggest trade-offs in neural network creation.

DOJ gives last chance warning to NYC for sanctuary city policies
New Orleans, New York and Philadelphia join Chicago and Cook County in remaining out of compliance, the Justice Department said. That's to protect victims and witnesses of crimes who would otherwise be afraid to come forward, city officials say.