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Rise of Index Funds Leads to Deterioration of Corporate Governance Study reveals Index Funds put less efforts in monitoring their portfolio firms, resulted in power imbalance between investors and firm managements

Over the past three decades, the rise of passively managed index funds has transformed how Americans and other investors around the world invest. In 1990, index funds held only less than 1% of all mutual fund assets. By 2018, this had grown to more t ....

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PM News Brief: Postponing Elective Surgeries, New Washington County Commissioner & DACA Distress

Published July 21, 2021 at 6:40 PM MDT
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Dr. Kencee Graves, with University of Utah Health, said as cases surge, the U has once again postponed some elective surgeries. This story and more in Wednesday evening s news brief.
Wednesday evening, July 21, 2021
State
837 New COVID-19 Cases And Pausing Elective Surgeries
Utah health officials reported 873 new COVID-19 cases Wednesday. It’s the most in a single day since mid-February. Dr. Kencee Graves, with University of Utah Health, said as cases surge, the U has once again postponed some elective surgeries. “We need to be able to create the capacity to take care of those that are critically ill,” Graves said. “So about half of my medical intensive care unit beds are full of patients that have COVID-19. Right now, 78% of ICU beds across the state are occupied by Covid patients. The Utah Department of Health also released a statement saying “We have the ....

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Businessman, M. Walker Wallace, was part of the 1966 team to get the Olympics in Utah.

| Updated: 2:14 p.m.
During his lifetime, M. Walker Wallace a Utah businessman and real estate investor with a well-known family pedigree helped lay the foundation for Utah’s sports, culture and tourist industries.
Sapporo, Japan, would get the bid that year and it would be more than three decades before Salt Lake City would actually host the Games, said his son, Matthew Wallace. But that trip to Rome planted the seeds.
Walker Wallace whose U.S. Ski team career was cut short by a broken leg also helped establish Snowbird and Park City ski resorts. He was part of the committee that created Salt Lake City’s Downtown Alliance. He donated time and money to dozens of community organizations from the Utah Symphony and Ballet West to the Nature Conservancy, Planned Parenthood of Utah and the University of Utah Eccles School of Business. ....

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