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Misconduct allegations reach Wall Street

Former Rep. Harold Ford, Jr. File photo: Tim Roske / AP

Former Rep Harold Ford Jr. has been fired from Morgan Stanley after a human resources investigation into allegations of misconduct, HuffPost reports. The company told HuffPost Ford was terminated for "conduct inconsistent with our values and in violation of our policies."

Why this matters: Ford is the first high-profile employee at a Wall Street bank to be fired amid misconduct allegations that have impacted high profile men in media, politics and technology. Ford is a former Democratic member of Congress and political analyst for NBC/MSNBC.

The details: In interviews with HuffPost, an unidentified woman alleged Ford "engaged in harassment, intimidation, and forcibly grabbed her one evening in Manhattan." Ford said in a statement the incident "simply did not happen" and that he will bring legal action against Morgan Stanley for "improper termination."

Note: this post has been updated with Ford's statement.

Go deeper

Rebecca Falconer
Updated 7 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

Go deeper (1 min. read)Arrow
Alayna Treene, author of Sneak Peek
8 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Felix Salmon, Stef W. Kight
9 hours ago - Politics & Policy

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.

Go deeper (1 min. read)Arrow