Barack Obama handed the business community a surprise win today by asking the Environmental Protection Agency to scrap new smog standards that would force state and local government to improve air quality or risk losing federal funds, the Washington Post reports. “Work is already underway to update … the ozone…
Continue reading …Mississippi and Louisiana declare state of emergency, and New Orleans put on alert as tropical storm gathers strength Mississippi declared a state of emergency in seven counties on Friday as it prepares for tropical storm Lee. The storm has formed in the waters off Louisiana and is expected to unleash torrential rains along the Gulf coast over the Labor Day weekend. Some areas could receive up to 20 inches of rainfall. Louisiana has also declared a state of emergency, expecting flash flooding. In New Orleans, mayor Mitch Landrieu has taken similar measures for the city. The US national weather service has warned of “torrential tropical rains” for several days. The US army corps of engineers in New Orleans is monitoring developments but does not plan on closing any flood control structures yet, a spokesman said. Tropical storm warnings are in effect from Mississippi to Texas, including New Orleans, and flash flood warnings have been extended along the Alabama coast into the Florida Panhandle. The storm has halved the normal oil production from the Gulf of Mexico. The federal energy agency said it has evacuated 169 of the 617 manned production platforms and 16 of the 62 drilling rigs. The storm is also tantalisingly close to Texas but not close enough to alleviate the state’s worst drought since the 1950s. Lee is the 12th named storm of the Atlantic hurricane season. Storm watchers were also monitoring hurricane Katia, spinning in open waters 705 miles (1,134kms) east of the Leeward Islands and moving west-northwest at 14mph. It regained hurricane strength with maximum sustained winds of 75mph on Friday. The storm is expected to grow in strength but it is too early to say it will hit the US. There was also a slow-moving low pressure system about 450 miles south of Halifax, Nova Scotia, that could turn into a tropical cyclone in the next two days. The new storm warnings come days after the US east coast was hit by hurricane Irene, which caused major damage from North Carolina to New England. Natural disasters and extreme weather United States Louisiana Mississippi Hurricane Irene guardian.co.uk
Continue reading …Environmental groups dismayed as president – under pressure from GOP – delays enacting stricter standards until 2013 Barack Obama has bowed to pressure from Republicans in Congress to postpone plans to introduce tighter controls over smog-producing companies. The decision provoked expressions of dismay among environmental groups campaigning for cleaner air. The retreat will add to the growing perception among voters that Obama is a weak president, reluctant to stand up to the Republicans. Obama had insisted he was intent on pushing ahead with tougher rules to force businesses to reduce concentrations of ground-level ozone. But Republicans argued it would increase the burden on businesses at a time when they are struggling and could lead to job losses. The Republican House majority leader, Eric Cantor, had described the proposed regulations as “job-killers”. It is another victory for the Republicans, who only control the House of Representatives but have managed to dictate much of the political agenda in the Democratic-controlled White House and Senate. Republicans, who return to Congress from holiday next week, paralysed Washington in the weeks running up to the summer break by threatening to vote against raising the country’s debt ceiling, forcing Obama to concede substantial spending cuts. The Republican leader in the Senate, Mitch McConnell, hailed Obama’s latest climbdown on Friday. “The president took a step today that highlights the devastating impact on jobs that has been created by this administration’s regulatory overreach. This action alone will prevent more job losses than any speech the president has given,” McConnell said. One of McConnell’s Senate colleagues, John Barrasso, echoed him: “Job creators scored a major victory today in the fight against Washington’s red tape.” Democrats in Congress saw it as a setback. Ed Markey, a Democratic congressman on the House natural resources committee, said: “I am disappointed that the president chose to further delay important clean-air protections that would have helped to prevent respiratory and cardiac disease in thousands of Americans.”Obama had promised to replace weak air-control standards introduced by George W Bush. In a statement, Obama said on Friday the changes would have to be delayed until 2013, after the White House election in November next year. He cited the impact on business as the reason for the delay. Obama insisted he remained committed to the environment. “At the same time, I have continued to underscore the importance of reducing regulatory burdens and regulatory uncertainty, particularly as our economy continues to recover,” he said. His decision overrules the advice of the federal government’s Environmental Protection Agency, a body treated with derision by Republicans, who see it as an embodiment of “big government”. In his statement, Obama told the head of the EPA, Lisa Jackson, to withdraw the proposal to tighten standards. The EPA’s independent panel of advisers earlier this year unanimously agreed that public health would benefit from the introduction of higher standards. Jackson had said the changes would have helped prevent as many as 12,000 premature deaths a year and save $100bn (£61.6bn) in health costs. The new rules would have forced companies to reduce emissions of certain chemicals that help create smog. Dow Chemical said the changes would cost as much as $90bn. Earthjustice, which has launched legal actions aimed at tackling smog-producers, expressed disappointment. Martin Hayden, the group’s vice-president, said: “The Obama administration knows the heavy cost of smog pollution but has made the terrible decision to leave outdated, weak standards in place, leaving thousands of Americans who suffer from lung and breathing problems at the mercy of this dirty air.” Gene Karpinski, president of the League of Conservation Voters, said: “The Obama administration is caving to big polluters at the expense of protecting the air we breathe. This is a huge win for corporate polluters and huge loss for public health.” US domestic policy Barack Obama Pollution Obama administration Activism Republicans Democrats United States US politics Ewen MacAskill guardian.co.uk
Continue reading …Ryan Wood-Beauchamp and Kara Fitzgerald lost their vegetable farm, Evening Song Farm, just a year after sinking all of their money into it. (Sept. 2)
Continue reading …In order for me to feel truly optimistic, I’d have to believe that these lawsuits are intended to break up the banks and bankrupt them, and of course that’s not going to happen. Plus, I can’t help but notice this isn’t the Justice Department and we’re not seeing criminal charges. So is this a real come-to-Jesus moment for the bankers — or kabuki? Are the Feds really going to recover enough of the money they stole? Of course it would be good if they did, but nothing but some high-profile perp walks will really make up for the devastation these bastards have left behind: The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation. The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter. The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims. The suits will argue the banks, which assembled the mortgages and marketed them as securities to investors, failed to perform the due diligence required under securities law and missed evidence that borrowers’ incomes were inflated or falsified. When many borrowers were unable to pay their mortgages, the securities backed by the mortgages quickly lost value. Fannie and Freddie lost more than $30 billion, in part as a result of the deals, losses that were borne mostly by taxpayers. In July, the agency filed suit against UBS, another major mortgage securitizer, seeking to recover at least $900 million, and the individuals with knowledge of the case said the new litigation would be similar in scope. Private holders of mortgage securities are already trying to force the big banks to buy back tens of billions in soured mortgage-backed bonds, but this federal effort is a new chapter in a huge legal fight that has alarmed investors in bank shares. In this case, rather than demanding that the banks buy back the original loans, the finance agency is seeking reimbursement for losses on the securities held by Fannie and Freddie. And my contention that the only suitable response is jail time is validated by this: But privately, financial service industry executives argue that the losses on the mortgage-backed securities were caused by a broader downturn in the economy and the housing market, not by how the mortgages were originated or packaged into securities. In addition, they contend that investors like A.I.G. as well as Fannie and Freddie were sophisticated and knew the securities were not without risk. If there is no punishment, there is no reason to think they won’t do this, or something just as bad, all over again. Because obviously, they have no reason to think they can’t BS their way out of it. After all, it’s worked so far!
Continue reading …Just keep swimming. That’s what dozens of surfers in Encinitas, Calif., unknowingly did as a Great White Shark reportedly swam among them. A viewer sent San Diego’s CBS 8 a photo of what appears to be a shark caught in a wave. He told the station he had been photographing the landscape at Swamis Beach and didn’t realize what he had captured until he reviewed his pictures at home. (Scroll down to watch the interview.) However, the photo one anchor calls “jaw-dropping” is raising a some questions from skeptics who say the “shark” could very well just be a surfer paddling through a wave, or the work of Photoshop. “When [surfers] duck dive, they lift their leg up, and it looks very much like that,” lifeguard Sgt. Robert Verla told CBS 8. The news station sent the photo to a local shark research committee that believes the object in question is indeed 10-to-12-foot Great White. If accurate, the sighting adds to a series of recent shark reports along San Diego’s popular coastline. On Wednesday, a Great White was reported near La Jolla’s Children’s Pool, causing lifeguards to close a two-mile stretch of beaches, NBC San Diego reports. Sightings were also reported on Aug. 25 and Aug. 26. Great White sightings aren’t uncommon in the area, though. Some adolescent sharks, between 7 and 10 feet, can be spotted in Southern California from May and into the later summer, according to the Los Angeles Times. A possible explanation for the August sightings? Waters didn’t warm up until later in the season, marine biology professor Chris Lowe told the Times. WATCH: Watch more free documentaries
Continue reading …JEDykstra says: RT @ cnnbrk : # Katia becomes Atlantic hurricane again , had weakened to tropical storm. http://t.co/tROGrIt
Continue reading …Paul Krugman opens up on Eric Cantor in a scathing column today, accusing the House majority leader of taking victims of Hurricane Irene “hostage” by demanding that federal relief be offset with spending cuts . Cantor used the same kind of tactic in the debt ceiling talks, and Krugman sees it…
Continue reading …They’re banning pet pigs in St, Charles, Missouri (even small, hypoallergenic ones like Pepper!) and Nice Cream in Illinois (even though it’s packed with natural ingredients and the owner says its bacterial levels are well below state-approved levels!), but neither can claim the top slot because, well, this time Nanny of the Month is Broadcasting platform : YouTube Source : Big Government Discovery Date : 01/09/2011 17:40 Number of articles : 4
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