Carmakers and California Agree on Emissions Rules
Carmakers agree to comply “voluntarily” with California’s tightened emissions standards – thus thwarting Trump plans to rollback proposed nationwide rules.
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Hit by Epic Construction Downturn, Mexico Faces Reality: New President Tries to Get Folks to Play by the Rules, and Everything Stalls
A sharp fall in construction has helped push Mexico to the verge of recession. The construction industry blames AMLO’s anti-corruption push.
Read more...Roundup Roundup: Judge Slashes Punitive Damages Award in Glyphosate Lawsuit
A third judge reduced the eye-popping punitive damages award in a glyphosate lawsuit; Bayer faces a plethora of pending cases and potential huge liability.
Read more...Softening Real Estate Markets in Prime West Coast Cities: Does China Trump IPOs?
Looking at undercurrents in West Coast economies and what they might portend for the US.
Read more...Facebook: Mark Zuckerberg’s Fake Accounts Ponzi Scheme
Why Facebook may be a bigger fraud than Enron.
Read more...Insurers Running Medicare Advantage Plans Overbill Taxpayers By Billions As Feds Struggle To Stop It
Lambert here: Because markets. Fred Schulte and Lauren Weber, Kaiser Health News. Originally published at Kaiser Health News. [UPDATED at 1:45 p.m. ET] Health insurers that treat millions of seniors have overcharged Medicare by nearly $30 billion the past three years alone, but federal officials say they are moving ahead with long-delayed plans to recoup […]
Read more...As Flood Risks Rise Across the US, It’s Time to Recognize the Limits of Levees
How levees become counterproductive as flood severity increases.
Read more...Waste Watch: Why Do We Discard So Many Edible Fish We Pull From the Sea?
New House of Lords report laments failure to slow discarding edible fish back into the sea; Australia also tosses much of its catch.
Read more...737 Max May Stay Grounded into 2020; Why Does Boeing CEO Muilenburg Still Have a Job?
Boeing remains mired in its 737 Max mess.
Read more...PG&E Neglected Maintenance for Years Despite Known Fire Risk; Judge Demands Prompt and Clear Answers to WSJ Expose
A Wall Street Journal expose of PG&E’s willful failure to maintain its transmission lines, directly tied to California’s most lethal fire, led a judge to demand answers.
Read more...Recycling Woes: Indonesia Sends Waste Shipment Back to Australia
Developing countries are refusing to accept shipments of waste for recycling; China’s new rules on scrap metal may disrupt the worldwide market for such recycling.
Read more...Martin Wolf v. Trumponomics Whiffs Due to Fealty to Orthodoxy
The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.
Read more...Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund
Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.
Read more...Mr. Market and the Press Diss Deutsche Bank’s Turnaround Plan
A hard look at Deutsche’s restructuring plan reveals a lot not to like
Read more...Deutsche Bank Throws in the Towel, Announces Restructuring into Bad Bank/Good Bank, Firing of 18,000
The beginning of an end for Deutsche Bank.
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