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The world's most-profitable hedge fund is now a climate radical

The hedge fund industry has no shortage of aggressive, in-your-face players, but few are as tough as Chris Hohn. The British billionaire takes the typical playbook to new levels-scuttling deals, pushing to remove bosses, and battering companies with litigation and threats. One opponent was so peeved after losing a boardroom battle with Hohn that he titled a book about the experience Invasion of the Locusts. That approach made Hohn's TCI Fund Management the world's best-performing, large hedge fund last year.Chris Hohn is pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint. If they don’t, he says he’ll oust their boards or dump their shares.Credit:Getty ImagesNow Hohn is bringing his hardball tactics to the fight against global warming. The money manager, with $US30 billion ($44 billion) in assets, is pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint. If the…

Google's 'Wi-Spy' accord gives consumers nothing, nine US states say

SAN FRANCISCO (BLOOMBERG) – Attorneys general from nine states urged a federal judge to toss out Google’s US$13 million (S$17.6 million) settlement of a class-action lawsuit blaming its Street View mapping technology for a massive violation of consumer privacy.The proposed accord in a debacle that became known as “Wi-Spy” doesn’t offer compensation for millions of people whose confidential data was captured off their Wi-Fi networks by Street View vehicles.Instead, the deal divvies up funds among a handful of privacy rights organizations, a small number of individual consumers who led the case and their lawyers, the state officials said in a court filing.The lawsuit, filed a decade ago, was once called the biggest U.S. wiretap case ever and threatened the internet giant with billions of dollars in damages.The settlement was reached in July and won preliminary approval in October from U.S. District Judge Charles Breyer in San Francisco, who found it to be “likely fair, reasonable, and a…

'I used to joke that I'd buy a theatre - but I've grown out of that'

The actor and playwright Pat Nolan is probably best known for playing the role of Barry O’Hanlon in the RTÉ soap opera Fair City.He grew up in Ballyfermot and Bluebell in Dublin and is now living in Avoca, Co Wicklow. He is married with two sons.He co-wrote the play Take Off Your Cornflakes with Irish actress Rose Henderson.The play – which is about Alzheimer’s disease – will be performed in a number of venues nationwide in the coming months, including the Droichead Arts Centre in Drogheda, and Dublin’s Civic Theatre and Pavilion Theatre.Please log in or register with Independent.ie for free access to this article.Log InNew to Independent.ie? Create an accountFor details of more of the venues where the play will be on, visit rosehenderson.com.What’s the most important lesson about money which your career as an actor has taught you?Always have a rainy day fund – lots of them!The best advice you ever got about money?‘There’s no pockets in habits’ – it’s an old Dublin saying which means…

Mortgage free: Couple reveal retirement plans as they strive to repay mortgage in 10 years

Getting on the property ladder is no doubt a milestone for many. But, from a particular location of the UK to an abundance of extra space, there are countless reasons why a person may later look to buy a new home. For some, this prospect of purchasing again may see them faced with a choice of whether to buy their dream home, or become mortgage free.READ MOREMartin Lewis reveals more than 1 million could get up to £1,150This is something which one Mumsnet user, who goes by the name of “cheeseismydownfall”, has experienced.Beginning a thread back in November 2018, they explained that they all shorty be moving, having already sold their last house.“We’ve realised we have enough cash to buy a perfectly decent albeit thoroughly unexciting and unimpressive house that’s big enough for us all in a perfectly okay area without needing a mortgage,” they explained.“This seems hugely appealing! On the other hand, DH [darling husband] is a relatively high earner and we could take out a mortgage big…

Adam Schiff: 'Dangerous' Trump Must Be Removed Because He Won't Put America First

WASHINGTON ― House impeachment manager Rep. Adam Schiff (D-Calif.) delivered an impassioned appeal on the floor of the Senate on Thursday evening imploring Republicans to vote to remove President Donald Trump from office because he’ll put himself ahead of the nation’s interests.Schiff said that no one was arguing in good faith that Trump wasn’t guilty of putting his personal political interests ahead of the interests of the United States when he withheld aid to Ukraine to pressure its government to smear a political rival. Schiff’s speech capped off the second full day in which the House impeachment managers made their case for forcing Trump out of the White House.“He’s done what he’s charged with. He withheld the money, he withheld the meeting, he used it to coerce Ukraine to do these political investigations. He covered it up, he obstructed us, he’s trying to obstruct you, and he’s violated the Constitution,” Schiff said.“Do we really have any doubt about the facts here? Does anyone…

Sonos Apologizes After Backlash Over Updates for Aging Speakers

Sonos Inc. Chief Executive Officer Patrick Spence apologized to customers after a backlash over the company’s plan to halt software updates for older products.The Santa Barbara, California-based speaker maker earlier this week said it would stop providing updates and new features for speakers launched in the 2000s, including the Connect, ZonePlayer, the original Play:5 and Bridge.The company warned that even if customers only had one older speaker, their entire Sonos sound systems might lose access to services and functionality would “eventually be disrupted.” It also suggested users buy new speakers with a 30% credit for each legacy device traded in. Sonos devotees quickly went berserk on social media, accusing the company of purposely degrading existing hardware to spur new sales.“I have over 1000USD of *speakers* that must be retired now? Terrible product life cycle support,” Scott Jenson, a longtime Google executive,wrote on Twitter. “I clearly have no choice to upgrade but I’m ce…

Data-obsessed Brits spend an entire WEEK per year 'analysing their lives with gadgets', survey suggests

DATA driven Brits spend the equivalent of a WHOLE WEEK of each year tracking and analysing their behaviour, according to research.A survey of 2,000 adults revealed we typically use analytical apps and devices to monitor six parts of our lives.More than half (51 per cent) monitor their steps and movement, with 39 per cent tracking their fitness and 34 per cent regularly monitoring their heart rate.And one quarter of adults use apps to see how much sleep they get each night.But according to a new survey, commissioned to encourage the use of smart meters in UK homes during Big Energy Saving Week and beyond, three quarters (76 per cent) of Brits admit they haven’t the foggiest how much energy they use at home.In total, adults spend 30 minutes every day checking their health, behaviour and finances on apps and devices – the equivalent of 183 hours or seven-and-a-half days per year.A quarter like to track areas of their life because it inspires them to improve, while 22 per cent say it make…