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News & Updates

January 19, 2015 Judge Puts BP's Top Fine at $13.7 Billion for Gulf Oil Disaster; U.S. Sought $18 Billion

Source: Bloomberg

BP Plc (BP/) faces a maximum fine of $13.7 billion after a U.S. judge ruled that the company dumped 3.2 million barrels of oil into the Gulf of Mexico in 2010 -- about 75 percent of what the U.S. calculated.

January 19, 2015 Scottish government decision on fracking imminent

Source: The Guardian

Campaigners in Scotland believe a series of imminent decisions could force the SNP government to come off the fence on fracking. This week SNP MPs will have an opportunity to vote on an amendment to the infrastructure bill, a...

January 16, 2015 Do the wealthy pay lower taxes than the middle class?

Source: CNBC

A new study finding an "unfair," rich-poor balance in state and local taxes has been getting big traction on the Web this week.

January 16, 2015 Exclusive: White House says net neutrality legislation not needed

Source: Reuters

The White House on Thursday said legislation was not necessary to settle so-called "net neutrality" rules because the Federal Communications Commission had the authority to write them.

January 16, 2015 Obama Climate Change Plan To Cut Methane Emissions From Oil And Gas Industry Lacks Regulatory Muscle, Enviros Say

International Business Times - âThe plan is only addressing part of the problem. Theyâre not tackling the lionâs share of current emissions,â Jeffrey Deyette, a senior energy analyst at the îUnion of...

January 15, 2015 Dimon warns breaking up JPMorgan would hurt US financial power

Source: FT.com

US financial power would be diminished if it were left to Baby JPMorgans to compete with emerging Chinese megabanks, Jamie Dimon, JPMorgan Chase’s chief executive, said on Wednesday as he was forced to make

January 15, 2015 Reducing fossil-fuel subsidies with minimal economic impact possible

Yahoo! India News - Three new studies by The îInternational Institute for Sustainable Developmentî's Global Subsidies Initiative (GSI), in collaboration with the National Institute for Public Finance and Policy...

January 15, 2015 Have Obamacare? You May Need It to Get Through Tax-Filing Season

Source: BusinessWeek

Obamacare is about to collide with the U.S. tax-filing season, adding frustration for millions of taxpayers trying to figure out how to comply and how much they will owe the government.

January 15, 2015 IRS partly to blame for ObamaCare issues

Source: The Hill

The IRS likely will have to shoulder some of the blame this year for problems related to its role in President Obama’s healthcare law, an in-house watchdog said Wednesday.

January 15, 2015 Time to Pull the Plug on a $30 Billion Nuclear Fuel Boondoggle

The Huffington Post - "Converting this plutonium to a form that is harder to steal or reuse in nuclear weapons is a critical long-term goal," said Edwin Lyman, a physicist with the îUnion of Concerned Scientistsî....

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