On June 19, Donald Trump issued an executive order which effectively turns over yet another precious natural resource for big business to plunder. This time it’s America’s oceans, lakes and waterways which will feel the pain.
After a surge in crude oil prices that took it from under $45/barrel a year ago to over $70 in May, the oil industry has been feeling good recently. As a critical OPEC meeting looms this week and a proposed Chinese tariff on U.S. crude oil surfaced, prices dropped to $63.82/barrel, the lowest in over two months. It may drop further if Saudi Arabia and Russia get their way.
Once again citing national security, Trump just pushed forward another $50 billion in tariffs against China. Like the ones already put in place on solar products, steel and aluminum, these may hurt the U.S. at least as much as they are going to hurt China.
The Trump Foundation, along with Donald Trump, plus children Donald Jr., Ivanka, and Eric, were just sued by the Attorney General of New York for a variety of blatant and willful abuses. The evidence is solid and the actions both inexcusable and criminal.
While other automakers look to investments or acquisitions in disruptive technology, Toyota Motor Corp. just announced it is putting $1 billion into SE Asian ride-sharing company Grab Taxi Holdings Pte. Ltd. It could be a turning point for the whole industry.
By January 1, 2020, the International Maritime Organization's new rules will force the sulfur content for “bunker” fuel used in shipping to cut from the current 3.5 percent to less than 0.5 percent. There are costs for this, however, as Canada is beginning to understand.
At the end of an intense two days of meetings, Donald Trump and Supreme Leader Kim Jong-un signed what they called a comprehensive agreement. It is an important first step for what might turn into lasting peace for the region.
In Costa Rica there is a concept of "pura vida" (pure life). If you ask someone how they are they may reply "pura vida". Or if you ask them if they are going to work today they might just say "pura vida". Ask them how their beer is and the response could also be "pura vida". That "pure life" is about to get even better.
With three other major Middle East wins for chemical and gas processing plant work already this year, SNC-LavalinSN continued its roll with a $1.9 billion award for the design and engineering of a new chemical plant in Oman.
On June 8, the Department of Energy (DOE) announced that the critical defense technology laboratories at Los Alamos would continue to be run by the University of California. This comes despite many serious safety violations and a track record of failing to deliver on commitments.
Following inconsistent and contradictory testimony from EPA Administrator Scott Pruitt at two congressional hearings, the Center for Biological Diversity filed a motion with a federal judge seeking to depose Pruitt on how his office creates and maintains official records to comply with transparency and open-records laws.
Shared Services Canada awarded a $500 million contract to IBM Canada in November 2017 without even asking for a competitive bid. Since IBM Canada is a subsidiary of U.S.-based multinational IBM, this move also represents a considerable insult to the viability of Canadian IT technology companies as potential alternative bidders.
A battle involving Tennessee’s public workers, its Republican governor and the former chancellor of the University of Tennessee-Knoxville is providing us all with a master class in how corruption works in action.
This week alone, Facebook revealed two more mistakes in mishandling user data without permission. One was to four Chinese companies over a period of years in a case that may violate a 2011 FTC agreement. The other opened up 14 million users' private posts for four days in May and made them public without their consent. The worst is yet to come.
In recent months, Donald Trump has been on a roll complaining about how Amazon.com is underpaying shipping charges on packages shipped through the U.S. Postal Service. We do not support Amazon’s predatory business practices, but the truth is that Amazon is probably paying what it should in the current circumstances. The issue is considerably more complicated than either side of this argument is explaining.