Money


Flint, Michigan's unsafe water cost the most in US
- February 20, 2016

Snyder came under fire after it was revealed that the state failed to make the public aware of the health hazards associated with drinking the water, allowing the continued consumption of water tainted by lead. Snyder said in a press release that the supplemental budget request was approved unanimously by the legislature last month to undergo testing of contaminated water pipes, with urgency placed on high-risk areas. (more...)
Supreme Court Halts Obama Power Plant 'Power Grab'
- February 18, 2016

In fact, the case involved a Utah power plant operated by Deseret Power . Once again, The Supreme Court halted President Obama going around Congress. Additionally, the plan was created to reduce the carbon emissions from USA power plants by 2030 to 32 per cent below 2005 levels. The 5-4 vote most likely signals serious misgivings among the justices about the ultimate legality of the plan. (more...)
Obama says his Supreme Court nominee will be 'indisputably' qualified
- February 18, 2016

U.S. Senator Robert Menendez said Wednesday that the "President of the United States, under the Constitution, has every right" to nominate a U.S. Supreme Court judge to take the newly vacant seat. "There's no unwritten law that says that it can only be done on off-years", he said. It's the Senate's responsibility to vet and approve those candidates. (more...)
Honda recalls 2.2 million cars over airbag concerns
- February 17, 2016

Continental, according to its own chronology of the defect, seemingly did little to address the issue for the next four years until the NHTSA investigation, all while Daimler issued a recall for the defect overseas in 2013. Takata is the manufacturer of vehicle airbags. The fatal air bag deployment occurred in a 2006 Ford Ranger pickup, making it the first such death in a vehicle other than a Honda. (more...)
Oil prices jump again on hope of supply cut Oil prices jump again on hope of supply cut
- February 17, 2016

Ben van Beurden, chief executive of oil major Shell, said on Monday volatility in oil prices may stabilise later this year and that prices could rebound after that. Everyone was protecting their own positional logic", Kachikwu said. Sources told Reuters that Saudi Arabia, which has so far opposed any production cuts, now seems to be backing down, saying it would cut output if non-Opec producers agreed to join it. (more...)
Alibaba buys nearly 33 million shares of Groupon Alibaba buys nearly 33 million shares of Groupon
- February 17, 2016

A spokesperson for Groupon said last Friday that the company was not aware of the stake taken by Alibaba until the Friday filing. Groupon's (NASDAQ:GRPN) spokesperson Bill Roberts was quite pleased with the announcement and highlighted that Alibaba has a well-established image for being a long-term shareholder. (more...)