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Pompeo makes history as first U.S. secretary of state to visit Suriname and Guyana

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Pompeo makes history as first U.S. secretary of state to visit Suriname and Guyana

While the 15-nation Caribbean Community bloc known as Caricom remains divided on the issue of Venezuela, U.S. Secretary of State Mike Pompeo will visit two of its member states this week as the Trump administration seeks to turn up the pressure on Venezuelan leader Nicolás Maduro.

“It’s not just that Venezuela produces refugees, they are producing security problems for all of these countries by harboring terrorists, harboring narco-traffickers,” a senior State Department official said Wednesday. ”We’re trying to interdict drugs and we’ve put a lot of our assets into that and working closely with all of the Caribbean partners. Where are those coming from? A good deal of the activities seem to be centered in Venezuela now.”

Pompeo, who will visit four South American nations, will arrive Thursday in Suriname, where he will meet with newly elected President Chan Santokhi. He will then head across the border to a volatile Guyana, where he will hold talks with representatives of oil companies, the secretary general of the Caribbean Community, Irwin LaRocque, and discuss the need to build an inclusive democracy with the country’s newfound oil wealth.

“We’re not trying to broker contacts between the oil companies,” the State Department official said. “We’re going to meet with the oil companies, see how they’re doing; see what their plans are.”

With the English-speaking nation still deeply divided over the disputed March 2 presidential elections and the months-long standoff that ensued after incumbent President David Granger refused to concede, Pompeo will also meet with newly sworn-in President Irfaan Ali.

Ali’s first few weeks in office have been marked by reignited racial tensions and protests after the badly mutilated bodies of two cousins, Black teenagers Isaiah and Joel Henry, were discovered in a cotton field on Sept. 6, and a third teen, a 17-year-old Indo-Guyanese boy, was chopped up and beaten to death in a reprisal killing.

In a Twitter post on Tuesday, Pompeo, who will also visit Boa Vista, Brazil and Bogota, Colombia, said he was glad to be visiting the South American countries “to celebrate and fight for democracy in the Western Hemisphere.”

“Looking forward to strengthening regional partnerships that will benefit the American people,” he added.

The State Department is billing the visit, the first by a secretary of state to either Guyana or Suriname, as a testament to the Trump administration’s prioritizing “our relations with the countries of Latin America and the Caribbean. “ During the visit, Pompeo will “highlight the United States’ commitment to defend democracy,” and hold talks on regional security, highlight investment by U.S. companies in the gas and oil sector and raise attention on the plight of Venezuelan migrants and the ongoing crisis in that country. Pompeo will also raise concerns about China’s “predatory loans,” in contrast to U.S. companies’ investment practices throughout the hemisphere.

“We have been pretty clear. We are not running around saying, ‘Don’t deal with China,’ ” said a senior State Department official. “Make China deal with you on your terms.”

Located along the Atlantic coast of South America, Suriname and Guyana are part of a region known as the Guiana Shield, which also includes French Guiana.

While the elections in Suriname and Guyana earlier this year ultimately led to changes in the presidencies, each country initially had different outcomes following the balloting.

In Guyana, Ali’s Aug. 2 swearing-in came after a 33-day recount, U.S. visa cancellations by Washington and five months after a disputed general election that took on racial dimensions now being reignited by the teens’ killings.

In Suriname, Santokhi, a former justice minister and police commissioner, took office amid a smooth transition following longtime president and former coup leader Desiré “Desi” Delano Bouterse’s May 25 landslide defeat.

Bouterse’s political past as a coup leader, accused killer and convicted drug trafficker made relations difficult with the U.S., and even prevented meetings with U.S. presidents at global gatherings like the United Nations General Assembly.

“For us, it’s a clear signal of the support this government has,” Suriname Foreign Minister Albert Ramdin said about Pompeo’s visit. “This is regarded as a highlight, as it is the first time such a high level official will visit Suriname.”

Ramdin, a former assistant secretary general of the Organization of American States, said the visit with Pompeo will focus on bilateral and security issues, as well as energy, democracy and regional affairs.

“Our approach is to build strong relations with the region. It includes the neighboring countries — Brazil, French Guiana, Guyana— the Netherlands and Europe as well as the United States, India and China,” he said.

Venezuela could come up in the margins of the discussion, Ramdin said, but it’s not the leading concern of the Santokhi administration — even as it continues to weigh heavily on minds in Washington. During Pompeo’s visit to Brazil he will visit a center that receives Venezuelan migrants. The administration has provided just under $1 billion in aid to assist Venezuelan refugees in the region, the State Department said.

“The new government’s position is that we don’t interfere in domestic matters, but we call on the leaders in Venezuela to find solutions to the benefit of the people of Venezuela,” Ramdin said. “While we are not in favor of sanctions or suspensions, we believe that all diplomatic channels should be used to facilitate a resolution in this conflict.”

In Guyana, where the Granger government tried to play both sides of the Venezuela crisis — attending meetings at the OAS of the Lima Group, which has refused to recognize Maduro’s socialist government, but not signing communiques — analysts say they hope the visit doesn’t endanger relations.

Along with some opposition politicians, analysts are warning that any attempt by the Ali administration to support the Trump administration’s hard-line stance against Maduro’s leftist regime could be disastrous for their English-speaking country and its new found oil windfall.

“It’s in Guyana’s own interest, the previous government or this one, to try and work together to resolve the crisis in Venezuela,” the State Department official said.

Ever since the discovery of vast deposits of oil by ExxonMobil Corp. off Guyana’s coast, the country has been embroiled in a reignited high-stakes border dispute with Venezuela over the location of their nations’ borders. The matter is currently before the International Court of Justice.

The disputed Essequibo area is about two-thirds of Guyana’s 83,000 square miles.

“Can you imagine if the borders of Guyana and Venezuela were redone and what it would mean for the entire South American continent? Almost every country in South America borders Brazil,” said Ivelaw Griffith, a Guyanese-born political and regional security expert. “If you change the Guyana-Venezuela border, it’s going to mean changes to the Guyana-Brazil border, changes to the Brazil-Venezuela border … and that’s going to reopen all of the claims that have been muted, dormant. There is too much geo-politically at stake within South America for this revisiting of borders and territories.”

But the fear is very much top of mind for obsrevers. While Pompeo’s visit may have a semblance of Latin American-Caribbean engagement by the Trump administration following a divisive visit to Jamaica by the secretary, Griffith said he believes that Venezuela is very much a large part of the trip’s itinerary.

“My hope is that Guyana does not allow itself to become embroiled in the Venezuela domestic political situation. I think the Irfaan Ali administration is likely to feel compelled to try to be nice to the American government, given the strident support it received during the election crisis,” Griffith said. “But Venezuela will certainly be part of the agenda, there is no way that one cannot see that.”

Raphael Trotman, an opposition lawmaker, relayed those same concerns Tuesday during his budget response in Parliament. While not naming Pompeo, the parliamentarian for the political coalition A Partnership for National Unity + Alliance For Change warned that the Ali administration should not to make any promises to the United States that could jeopardize Guyana’s case before the ICJ.

“We have made tremendous progress in the last five years to achieve a binding and internationally recognizable outcome by getting our controversy before the International Court of Justice and our cause is just and highly likely to succeed,” Trotman said. “We implore you not to turn a controversy, being settled by peaceful means, into a hot dispute that threatens our sovereignty and the peace within the region.”

Even with the COVID-19 pandemic, the World Bank has projected that Guyana’s economy will grow by more than 50 percent this year fueled by the country’s vast oil discoveries.

However, it’s a tough time for the oil and gas industry right now, with the global slump in demand and a big glut in supply. And in Guyana, oil-production approvals are still pending. At least one study from Rystad on Guyana’s oil production suggests that delays have already cost the government $1.6 billion in lost revenue.

While oil is on the agenda, it isn’t clear is if the country’s reignited racial tensions will be discussed. The tensions are raising fears of a return to the unrest that marked the 1960s between Afro-Guyanese, who are descendants of slaves, and Indo-Guyanese, whose ancestors arrived as indentured servants.

Following the Sept. 6 discovery of the mutilated bodies of the 16-year-old and 19-year-old in Berbice a day after they went missing, protests flared up in the streets of West Berbice and other parts of the country. Local press reported that Isaiah had the letter X carved on the back of his head and forehead, while Joel’s chest was cut open.

Taking to the streets, crowds of Afro-Guyanese blocked roads while demanding justice. Police detained five people who have since been released. Among them is a rice farmer who owns the cotton field where the Henry boys’ bodies were found. The 17-year-old who was killed in an apparent retaliation was the grandson of the farmer.

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Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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Amnesty International to halt India operations

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The watchdog says it has had to suspend its campaign and research work in India (file photo)
The watchdog says it has had to suspend its campaign and research work in India (file photo)

Amnesty International says it has been forced to halt its India operations due to “reprisals” from the government.

The watchdog also accused the government of pursuing a “witch-hunt” against human rights organisations.

Amnesty said its bank accounts had been frozen and it had been forced to lay off staff in the country and suspend all its campaign and research work.

India’s government said in a statement that the accusations were “unfortunate, exaggerated and far from the truth”.

Rajat Khosla, Amnesty’s senior director of research, advocacy and policy, told the BBC: “We are facing a rather unprecedented situation in India. Amnesty International India has been facing an onslaught of attacks, bullying and harassment by the government in a very systematic manner.

“This is all down to the human rights work that we were doing and the government not wanting to answer questions we raised, whether it’s in terms of our investigations into the Delhi riots, or the silencing of voices in Jammu and Kashmir.”

In a report released last month, the group said police in the Indian capital, Delhi, committed human rights violations during deadly religious riots between Hindus and Muslims in February.

Rebutting the claims, the Delhi police told The Hindu newspaper that Amnesty’s report was “lopsided, biased and malicious”.

Earlier in August, on the first anniversary of the revocation of Indian-administered Kashmir’s special status, Amnesty had called for the release of all detained political leaders, activists and journalists, and for the resumption of high-speed internet services in the region.

In 2019, the watchdog testified before the US Foreign Affairs Committee during a hearing on human rights in South Asia, where it highlighted its findings on arbitrary detentions, and the use of excessive force and torture in Kashmir.

Responding to Amnesty’s announcement on Tuesday, the government said the group had broken the law by circumventing rules around foreign donations.

“India, by settled law, does not allow interference in domestic political debates by entities funded by foreign donations.” the Ministry of Home Affairs said in a statement. “This law applies equally to all and it shall apply to Amnesty International as well.”

The current government has previously stated that Amnesty was being investigated over suspicions that the group was violating foreign funding laws.

“That’s a blatant lie,” Mr Khosla, the Amnesty spokesman, told the BBC. “Amnesty India is in full compliance with all domestic legal requirements and international legal requirements as well,” he said.

Amnesty has repeatedly condemned what it says is a crackdown on dissent in India. The group, which has faced scrutiny by different government agencies over the past few years, says the freezing of its bank accounts earlier this month was the final straw.

In August 2016, a case of sedition was filed against Amnesty India over allegations that anti-India slogans were raised at one of its events. Three years later, a court ordered the charges to be dropped.

In October 2018, the group’s offices in the southern city of Bangalore were raided by the Enforcement Directorate, which investigates financial crimes. Its accounts were frozen then too, but Amnesty says it was able to access them after seeking a court’s intervention.

In early 2019, the group says dozens of its small donors were sent letters by the country’s income tax department. And later in the same year, Amnesty’s offices were raided again, this time by the Central Bureau of Investigation, based on a case registered by India’s home affairs ministry.

India has had a fraught relationship with Kashmir for decades
India has had a fraught relationship with Kashmir for decades

Successive governments in India have been wary of foreign-funded non-profit organisations, particularly in the human rights field.

Amnesty had previously suspended its India operations in 2009, because of what the group said was repeated rejection of their licence to receive funds from overseas. India was then ruled by a Congress-led government, which sits in opposition now.

Over the years rules surrounding receiving foreign funds have been tightened, and thousands of non-profit groups have been banned from receiving money from overseas.

Amnesty’s announcement comes amid growing concern over the state of free speech in India. The development, activists say, could dent India’s long-standing reputation of being a thriving democracy.

“India does not stand in good company with these moves it is making,” says Mr Khosla. “I hope people around the world sit up and take notice. We are doing this with a very heavy heart, and a deep sense of anguish and grief.”

The group, which operates in more than 70 countries, says it will continue to fight its legal cases in India.

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Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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Anita Hill’s Commission Launching Industry-Wide Platform to Report Sexual Harassment In Hollywood

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Anita Hill’s Commission Launching Industry-Wide Platform to Report Sexual Harassment In Hollywood

In her fight to end sexual harassment, Anita Hill — who became a national figure in 1991 when she accused U.S. Supreme Court Justice Clarence Thomas during his Senate confirmation — is providing major resources to put a stop to harassment in Hollywood.

The Hollywood Commission on Eliminating Sexual Harassment and Advancing Equality, founded by Kathleen Kennedy and Nina Shaw and led by Hill, has released its results of a survey of nearly 10,000 workers in the entertainment industry.

In addition to releasing survey results, the commission has announced a new platform that will help identify repeat offenders of sexual harassment, which Hill is hopeful will be utilized by major networks, studios and companies across the industry.

Hill — who was named chair of the commission in 2017 in the wake of the #MeToo movement, sparked by allegations against Harvey Weinstein — says stories of sexual abuse in Hollywood helped open the floodgates and start a conversation, but now the industry needs firm data to take the proper next steps necessary to create real change.

“The industry needs the numbers. Everybody needs to know exactly what is going on,” Hill tells Variety. “The more information we can provide, the better we will be able to come up with solutions together. People in power have the ability to make change. We’ve already noticed some change, but this information allows us to really focus on where are the most important areas of concern and what kind of structures need to be put in place to deal with this idea of the lack of accountability in the industry.”

The national, anonymous survey was conducted online between November 2019 and February 2020 with both men and women participating. Individuals of all levels participated in the industry-wide study, in order to accurately represent a wide range of workers.

The key findings of the study deal with accountability, the abuse of power, the difficulty of reporting harassment and retaliation. The study found that people of color and younger employees were among the most vulnerable workers in Hollywood.

In regards to accountability, the majority of workers do not believe that those in positions of power are held accountable for harassment. 45% of men believe someone in a position of power would be held accountable, while only 28% of women hold that same belief.

“What we learned from the men about accountability is that in just about every category of men, fewer than 50% believe that people in authority or people who are powerful in the industry will be found accountable if they are found to be harassed. With women, biracial woman are the most pessimistic about the accountability of people who are harassing,” Hills explains. “I think all of those are interesting numbers, but what it says in total is that overall, in the industry, workers have a very different view of accountability.”

She adds, “50% of men believe there isn’t accountability, but 50% also don’t think there is anything wrong — which is troubling.”

In regards to the abuse of power within the industry, the study found that the inequity of power perpetuates the lack of accountability with less than half (48%) of workers noting progress, since the #MeToo movement launched in the fall of 2017. Primary offenders in Hollywood are in powerful positions, meaning the can influence who is getting hired (55%), who gets to keep their job (59%) and have the ability to damage the reputations of those who complain about harassment (59%).

Reporting harassment is one of the biggest challenges, the study found, with only 23% of sexual harassment victims sharing their experience with a supervisor and a fare lower statistic formally reporting harassment with only 9% reporting to Human Resources and just 4% reporting to the legal department at their workplace.

“Enough people feel that not enough is going to happen, if you do something bad, and that includes people who are inclined to do something bad, as well as people who are trying to stop people from doing things that are bad,” Hill says.

Supporting coworkers is also a challenge, as retaliation was found to be one of the biggest fears with systemic, cultural harassment in the workplace. The survey found that witness were even more fearful of retaliation than the actual victims, and therefore, reluctant to report abuse of their coworkers because they did not believe any action would be taken. The fear of retaliation was supported by the study with 41% of respondents reporting that they did in fact experience some form of retaliation.

In response to the survey results, the commission will be launching a platform to help report serial offenders, and will also be investing in virtual and in-person bystander training.

The platform, which is currently being developed, will collect information and complaints filed, so that repeat offenders will be identified through matching technology in the system. The information will then be to designated organizations, like major film studios.

“The person identifies who they say has been victimizing them and then it goes into an account and if there is a match, there will be a trigger, so hopefully that will help us identify serial abusers,” Hill explains. “Some of them might not rise to the level of a harassment complaint, but they may be behaviors that the research tells us can lead to harassment or sexual assault, if they’re not addressed.”

With this information, the commission can advise different organizations about what is happening at their company. “We hope it will be a game changer,” she says.

Hill is hopeful that the information will actually be utilized by major corporations in Hollywood. She says she has been meeting on a weekly basis with partners across the industry, throughout the pandemic.

“Not one person from a studio has said that they don’t want to adopt it. They wouldn’t be coming to these meetings,” she shares. “I do trust our partners who will be opting into this system to get the information, take it seriously, and then do what they do.”

Looking back three decades, since she testified against Thomas, Hill believes society’s view on sexual harassment in the workplace is finally changing, though at a slow pace.

“I’m always hopeful, and I know things have changed — but I am absolutely sure that not enough has changed, Hill says.

“The survey shows that things have changed, even in the last year, there has been improvement, but not enough,” Hill continues. “We need to build those changes and the changing ways of thinking into our structures and into our cultures in our workplaces, and that just takes time. It takes a lot of concerted effort, and that’s what we’re doing.”

For the full survey results, go to hollywoodcommission.org.

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Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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Hedge Funds Are Plowing Into Limelight Networks, Inc. (LLNW)

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The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the 3100 level. Since the end of March, investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned more than 50% since its bottom. In this article you are going to find out whether hedge funds thought Limelight Networks, Inc. (NASDAQ:LLNW) was a good investment heading into the third quarter and how the stock traded in comparison to the top hedge fund picks.

Is Limelight Networks, Inc. (NASDAQ:LLNW) a worthy stock to buy now? Money managers were becoming hopeful. The number of long hedge fund positions moved up by 5 recently. Limelight Networks, Inc. (NASDAQ:LLNW) was in 24 hedge funds’ portfolios at the end of June. The all time high for this statistics is 19. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that LLNW isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.

Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 56 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that’ll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 34% through August 17th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

John Overdeck of Two Sigma

John Overdeck of Two Sigma Advisors

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, legal marijuana is one of the fastest growing industries right now, so we are checking out stock pitches like “the Starbucks of cannabis” to identify the next tenbagger. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website to get excerpts of these letters in your inbox. Keeping this in mind we’re going to analyze the key hedge fund action encompassing Limelight Networks, Inc. (NASDAQ:LLNW).

Hedge fund activity in Limelight Networks, Inc. (NASDAQ:LLNW)

At second quarter’s end, a total of 24 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 26% from one quarter earlier. On the other hand, there were a total of 11 hedge funds with a bullish position in LLNW a year ago. With the smart money’s positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were upping their holdings significantly (or already accumulated large positions).

Is LLNW A Good Stock To Buy?
Is LLNW A Good Stock To Buy?

Among these funds, Driehaus Capital held the most valuable stake in Limelight Networks, Inc. (NASDAQ:LLNW), which was worth $24.6 million at the end of the third quarter. On the second spot was Royce & Associates which amassed $15.4 million worth of shares. Marshall Wace LLP, Two Sigma Advisors, and Quaker Capital Investments were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Quaker Capital Investments allocated the biggest weight to Limelight Networks, Inc. (NASDAQ:LLNW), around 3.5% of its 13F portfolio. Harvey Partners is also relatively very bullish on the stock, dishing out 3.46 percent of its 13F equity portfolio to LLNW.

As aggregate interest increased, some big names were breaking ground themselves. Quaker Capital Investments, managed by Mark G. Schoeppner, established the biggest position in Limelight Networks, Inc. (NASDAQ:LLNW). Quaker Capital Investments had $7.7 million invested in the company at the end of the quarter. David Harding’s Winton Capital Management also initiated a $2 million position during the quarter. The other funds with brand new LLNW positions are Mario Gabelli’s GAMCO Investors, Dmitry Balyasny’s Balyasny Asset Management, and Bruce Kovner’s Caxton Associates LP.

Let’s now review hedge fund activity in other stocks similar to Limelight Networks, Inc. (NASDAQ:LLNW). We will take a look at GreenSky, Inc. (NASDAQ:GSKY), PAE Incorporated (NASDAQ:PAE), Upland Software Inc (NASDAQ:UPLD), Vapotherm, Inc. (NYSE:VAPO), Nexa Resources S.A. (NYSE:NEXA), Griffon Corporation (NYSE:GFF), and Heska Corp (NASDAQ:HSKA). All of these stocks’ market caps match LLNW’s market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position GSKY,13,23118,4 PAE,17,145174,-4 UPLD,16,178656,-1 VAPO,18,257570,6 NEXA,4,3545,0 GFF,9,98383,-4 HSKA,14,170234,-1 Average,13,125240,0 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $125 million. That figure was $97 million in LLNW’s case. Vapotherm, Inc. (NYSE:VAPO) is the most popular stock in this table. On the other hand Nexa Resources S.A. (NYSE:NEXA) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Limelight Networks, Inc. (NASDAQ:LLNW) is more popular among hedge funds. Our overall hedge fund sentiment score for LLNW is 90. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 10 most popular stocks among hedge funds returned 41.4% in 2019 and outperformed the S&P 500 ETF (SPY) by 10.1 percentage points. These stocks gained 21.3% in 2020 through September 25th and still beat the market by 17.7 percentage points. Unfortunately LLNW wasn’t nearly as popular as these 10 stocks and hedge funds that were betting on LLNW were disappointed as the stock returned -21.5% since the end of the second quarter and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 10 most popular stocks among hedge funds as most of these stocks already outperformed the market in 2020.

Get real-time email alerts: Follow Limelight Networks Inc. (NASDAQ:LLNW)

Disclosure: None. This article was originally published at Insider Monkey.

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Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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