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Daily Bread for 5.18.21

Good morning.

Tuesday in Whitewater will be mostly cloudy with afternoon showers and a high of 72. Sunrise is 5:27 AM and sunset 8:14 PM, for 14h 46m 52s of daytime.  The moon is a waxing crescent with 36.2% of its visible disk illuminated.

The Whitewater Common Council meets via audiovisual conferencing at 6:30 PM.

On this day in 1863, the Siege of Vicksburg begins.

Recommended for reading in full — 

Shawn Johnson reports Advocates Rally at Capitol for Nonpartisan Redistricting Plan (‘Plan For Drawing Political Maps Is Based On A Similar System In Iowa’):

With the next round of redistricting looming, a group of lawmakers has reintroduced a long shot proposal to create a nonpartisan system for drawing the state’s political map for the next decade.

The plan, which is modeled after Iowa’s longstanding redistricting system, would require the Legislature’s nonpartisan attorneys to draw the next boundaries for Wisconsin’s state Assembly, Senate and congressional districts. Lawmakers would then have the chance to vote them up or down.

It’s largely backed by Democrats who were shut out of the last round of redistricting 10 years ago, but it’s identical to a bill from last session that had bipartisan support.

The idea is to largely depoliticize one of state government’s most political processes, one that is all but certain to spawn lawsuits, potentially for years to come.

“This bill is not about any party,” said Rep. Deb Andraca, D-Whitefish Bay, at a rally on the steps of the Wisconsin Capitol Monday. “It’s about establishing a process that gets politicians out of the map-making process altogether.”

 Douglas MacMillan reports Under Armour founder sold $138 million in stock during time period company allegedly misled investors about slowing sales:

Kevin Plank gushed about his business on a call with Wall Street analysts in October 2015.

Under Armour, the sports apparel maker Plank founded two decades earlier in the basement of his grandmother’s D.C. townhouse, had grown into a global juggernaut, he said, securing endorsements with some of the world’s biggest sports stars, amassing data on millions of fitness app users and growing sales more than 20 percent every quarter for more than five years.

The company’s track record of rapid profit and revenue growth “gives us great confidence for the future,” Plank said on the call. “We are just getting started.”

Six days later, Plank entered into a scheduled stock selling plan — a common way for public company executives to sell stock in accordance with federal regulations — that netted him $138 million over the following six months, a period when the company continued to report a fast rise in revenue.

The public comments and financial statements of Under Armour executives from late 2015 to early 2017 were the subject of a four-year accounting probe by the U.S. Securities and Exchange Commission, which charged Under Armour with violating securities laws. In its May 3 order, the SEC said the Baltimore-based company failed “to disclose material information about its revenue management practices that rendered statements it made misleading.” Under Armour agreed to pay $9 million to settle the claims without admitting or denying the charges. Neither Plank nor any other executive was charged.

Drone footage shows fire and scale of massive train derailment in US:

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