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Monday, November 7, 2022

Meta to Start Laying Off Thousands of Staff, WSJ Says

Saturday, November 5, 2022

Quest Pro vs Quest 2: It’s No Match

Key Differences Between the GMC Sierra EV and the Chevrolet Silverado EV

Amazon Must-Haves Under $100 (November)


Monday, October 24, 2022

iPad 2022 & iPad Pro 2022 Review: Picking the right one

Italy's Meloni Sworn In as Nation's First Female PM

Pound Supported by Boris Johnson's Exit: Rabobank's Foley

Bias Remains for Dollar Strength Through Year End: Neumann

China Economy Shows Mixed Recovery

Xi Fills China's Top Jobs With Allies, Cementing Control

Natural for Yuan to Weaken a Bit: BNP Paribas’s Sun

TSMC Said to Suspend Work for Chinese Chip Startup Biren Amid US Curbs

Thursday, October 20, 2022

China's Communist Party Congress to Close

Elon Musk Plans to Cut Twitter's Workforce By 75%: Washington Post

Alaska Air CEO: It was a great third quarter, a record revenue quarter f...


Union Pacific CEO Lance Fritz discusses recent earnings and supply chain...



As fundamentals get worse, long calls are more attractive, says The Sato...

Truss Announces She Is Resigning as UK Prime Minister

Nouriel Roubini Predicts a Crisis 'Worse' Than the 1970s | Odd Lots



Talent From Mainland China Wants to Move to H.K.: Cheung

China Gathers Chip Firms for Emergency Talks After Biden Curbs

Musk Says He’s ‘Overpaying’ for Twitter

Swap Traders Boost BOJ Shift Bets; Offshore Yuan Slumps to Record Low

Fed Officials Reiterate Aggressive Stance

Saturday, October 15, 2022

Kansas City-area service businesses forced to raise rates due to inflation

Drought causing urban farm to lose thousands

Dr. Scott Gottlieb breaks down three categories of new Covid variants

Biden administration is killing oil and gas production jobs, says Sen. B...

Kroger to buy rival grocery company Albertsons for $24.6 billion

Wells Fargo reports better-than-expected Q3 revenue

We expect a recession in Q1 2023, says Citi's Kristen Bitterly

The Cars You Should Look at if You Want One of the New Federal EV Tax Cr...

The Role of Nuclear Energy

Quest Pro VR Headset, Avatars With Legs: What You Missed at Meta Connect...


Focus on Fundamentals

"Chaos in the UK"

IMF's Gopinath Sees a 'Rocky Ride' on Strong Dollar

U.S. Retail Sales Stall as Inflation Slows Shoppers

Kwasi Kwarteng Stepping Down as UK Chancellor of the Exchequer

'Bloomberg Technology' Full Show (10/14/2022)

Saturday, October 1, 2022

Atlantic Richfield Company Agrees to Complete Multi-Million Dollar Cleanup of the Anaconda Smelter Superfund Site (Montana)

 EPA News Release:


Atlantic Richfield Company Agrees to Complete Multi-Million Dollar Cleanup of the Anaconda Smelter Superfund Site (Montana)

September 30, 2022

Contact Information
EPA Press Office (press@epa.gov)

WASHINGTON — The Atlantic Richfield Company (AR) has agreed to complete its cleanup of the Anaconda Smelter Superfund Site (Site) in Deer Lodge County, Montana, the Environmental Protection Agency and the Department of Justice announced today. The state of Montana, on behalf of the Department of Environmental Quality, is also a signatory to the consent decree that was lodged today in the U.S. District Court in Butte, Montana.

Decades of copper smelting activity at the town of Anaconda polluted the soils in yards, commercial and industrial areas, pastures and open spaces throughout the 300-square-mile Anaconda Site. This pollution has in turn contributed to the contamination of creeks and other surface waters at the Site, as well as of alluvial and bedrock ground water. The closure of smelting operations in 1980 left large volumes of smelter slag, flue dust and hazardous rock tailings that have had to be secured through a variety of remediation methods.

Under the settlement, AR — a subsidiary of British Petroleum — will complete numerous remedial activities that it has undertaken at the Anaconda Site pursuant to EPA administrative orders since the 1990s. Among other actions, AR will finish remediating residential yards in the towns of Anaconda and Opportunity, clean up soils in upland areas above Anaconda and eventually effect the closure of remaining slag piles at the Site. The estimated cost of the remaining Site work, including operation and maintenance activities intended to protect remediated lands over the long term, is $83.1 million. AR will pay $48 million to reimburse the EPA Superfund Program for EPA and Department of Justice response costs and will pay approximately $185,000 to the U.S. Forest Service for oversight of future remedial activities on Forest Service-administered lands at the Site.

“This settlement highlights the Agency’s vigorous enforcement to ensure the complete cleanup of the Anaconda Smelter Superfund site,” said EPA Acting Assistant Administrator for Enforcement and Compliance Assurance Larry Starfield. “The work performed under this settlement will further protect the environment and the health of the people who live, work, and play in this community.”

“We are pleased that Atlantic Richfield has agreed to finalize its long-term cleanup of the Anaconda Site,” said Assistant Attorney General Todd Kim of Justice Department’s Environment and Natural Resources Division. “Today’s consent decree follows other important settlements with Atlantic Richfield over the past two decades that have substantially improved the environment and restored valuable natural resources in the Upper Clark Fork basin. This settlement is also the product of a successful federal-state partnership to secure cleanup of a major hazardous waste site.”

“I was born in Anaconda the same year the smelter closed and while I never saw smoke coming out of the Smokestack that still stands over Anaconda, I know what it represents,” said U.S. Attorney Jesse Laslovich for the District of Montana. “It is a symbol representing the hard work of many Anacondans, including members of my family, that built our town.  But it’s also a symbol of a Superfund site that has existed for far too long.  If the Smokestack represents our past, this consent decree represents our future.  Many people, some who are no longer with us, worked diligently to get us to this point and I’m grateful beyond words for all of their work.  Our water will be cleaner, our soils will be purer, our slag will be covered, and our future will be brighter because of this historic agreement.”

“I am very pleased to announce the release of the proposed 2022 Sitewide consent decree for the Anaconda Smelter NPL Site,” said EPA Regional Administrator KC Becker. “Over the last several decades, EPA and MDEQ have made great strides in ensuring the cleanup of open space, residential areas, creeks and groundwater by Atlantic Richfield throughout Anaconda-Deer Lodge County. This cleanup of contaminated soils that impact surface waters and remediation of the largest slag piles at Anaconda builds on that progress.”

“This is an important milestone for the people of Anaconda and Montana. A lot of great cleanup work has already been done, and this consent decree will ensure that remaining remediation needs are funded and completed,” said Amy Steinmetz, Montana Department of Environmental Quality Waste Management and Remediation Division administrator

The consent decree filed today in U.S. District Court in Butte, Mont., is subject to a 30-day public comment period and approval by the federal court. 

A copy of the consent decree is available on the Department of Justice website.

Under Montana state law, the Department of Environmental Quality is separately required to put the Consent Decree out for public comment. The state’s public comment period will run concurrently with the federal public comment period. The consent decree will be available on DEQ’s website.

The consent decree and other information related to the Anaconda Site are available on EPA’s Superfund Site page

Thursday, September 29, 2022

NRT West Inc. dba Coldwell Banker Settles with EPA over Claims of Lead-Based Paint Violations at Bay Area Properties

 EPA News Release:


NRT West Inc. dba Coldwell Banker Settles with EPA over Claims of Lead-Based Paint Violations at Bay Area Properties

Contact Information: Joshua Alexander (alexander.joshua@epa.gov)

415-214-5940

SAN FRANCISCO – The U.S. Environmental Protection Agency (EPA) announced a settlement with NRT West Inc. dba Coldwell Banker to resolve claims of ten violations of the Toxic Substances Control Act at seven residential properties in and around the cities of San Jose, Sunnyvale, and Vallejo, California. Acting as the agent for the seller in a real estate transaction, NRT West failed to ensure that the sellers properly disclosed information related to lead-based paint in its sales contracts and will pay a penalty of $35,433.

“Reducing exposure to lead is critical to protecting public health in our communities,” said EPA Pacific Southwest Regional Administrator Martha Guzman. “The legal requirement for lead-based paint disclosure is a key element that keeps people informed of hazards in their homes. Companies that fail to comply with disclosure rules will face fines.”

From August 2017 through October 11, 2018, when NRT West’s clients entered into these seven contracts, the company failed to ensure that its clients complied with the Toxic Substances Control Act’s Disclosure Rule by not meeting the following requirements:

(1) providing the purchaser with an EPA-approved lead hazard information pamphlet;

(2) including a Lead Warning Statement in the contract;

(3) disclosing in the contract the presence of lead-based paint hazards, or alternatively indicating no knowledge of such hazards;

(4) including in the contract a statement that the seller is aware of and responsible for complying with the lead-based paint disclosure rule (Section 1018);

and (5) including in the contract the signatures of the sellers and purchasers certifying the accuracy of their statements, to the best of their knowledge, along with the dates of signature.

NRT West has certified that it is now in compliance with the lead-based paint hazard requirements to ensure prospective buyers are provided with disclosure information.

NRT West was cited under the Toxic Substances Control Act’s lead-based paint Disclosure Rule, which applies to housing built before the residential use of lead-based paint was banned in 1978. The Disclosure Rule generally requires sellers and lessors of pre-1978 homes to provide homebuyers and tenants with a federal brochure about lead-based paint, any information known about lead-based paint in the home, and a warning statement about the potential dangers of lead-based paint. Buyers also have the option to inspect pre-1978 homes before becoming obligated to make a purchase. With this knowledge, potential homebuyers and tenants can make informed decisions about whether to buy or rent a particular residence.

High blood levels of lead can cause permanent damage to the nervous system and widespread health problems, including reduced intelligence and attention span, hearing loss, stunted growth, reading and learning problems, and behavioral difficulties. Young children are most vulnerable because their nervous systems are still developing. Adults with high blood levels of lead can suffer difficulties during pregnancy, high blood pressure, nerve disorders, memory problems, and muscle and joint pain.

For more information on the Disclosure Rule visit EPA’s Real Estate Disclosures about Potential Lead Hazards Real Estate Disclosures about Potential Lead Hazards webpage.

To report a lead-based paint violation visit EPA’s Pacific Southwest Lead-Based Paint Tips & Complaints webpage.

Learn more about EPA’s Pacific Southwest Region. Connect with us on Facebook and on Twitter.

Containerboard Manufacturer Will Pay $2.5M for Violating Clean Air Act at its Louisiana Mill

 EPA Press Office:


Containerboard Manufacturer Will Pay $2.5M for Violating Clean Air Act at its Louisiana Mill

WASHINGTON (September 29, 2022) – Packaging Corporation of America (PCA), headquartered in Illinois, has agreed to pay $2.5 million in civil penalties to resolve allegations that it violated the Clean Air Act’s General Duty Clause and Risk Management Program Regulations at its containerboard production mill in DeRidder, Louisiana.

In the complaint, filed this week with the proposed settlement, the United States and the Louisiana Department of Environmental Quality (LDEQ) allege nine Clean Air Act violations that stem, in part, from a fatal explosion and accidental release at the DeRidder mill on Feb 8, 2017. The explosion – which killed three workers and injured seven others – launched a 100,000-gallon storage tank into the air and over a six-story building before it landed on mill equipment approximately 400 feet away. The blast also caused property damage and released extremely hazardous substances into the environment. The Environmental Protection Agency (EPA) inspected the DeRidder mill after the explosion, and uncovered additional Clean Air Act violations.

“This case demonstrates the tragic impacts to human life and the environment that can result from failures to follow appropriate chemical accident prevention and preparation requirements,” said Larry Starfield, Acting Assistant Administrator for EPA’s Office of Enforcement and Compliance Assurance. “This settlement both holds the Packaging Corporation of America accountable for failures that contributed to this accident and sends a clear message to corporations across the country on the importance of implementing appropriate chemical safety measures.”

“This settlement holds Packaging Corporation of America accountable for the harm it has caused to the environment and to the individuals who lost their lives on Feb. 8, 2017,” said Dr. Earthea Nance, EPA Region 6 Administrator. “Legal action will be pursued for companies who fail to safeguard their workers’ well-being. We offer our condolences for all individuals affected by this tragedy.”  

“PCA failed to comply with the General Duty Clause and Risk Management Program Regulations of the Clean Air Act at its DeRidder mill, resulting in the senseless deaths of three workers, while placing other workers and the surrounding community in danger,” said Assistant Attorney General Todd Kim of the Justice Department’s Environmental and Natural Resources Division. “This settlement furthers the department’s efforts to ensure corporate compliance with potentially life-saving environmental mandates to protect the air quality and the community in DeRidder and throughout the United States.”  

“The Clean Air Act was created to provide guidelines for companies such as PCA to adhere to in order to keep our communities safe from hazardous substances,” said U.S. Attorney Brandon Brown for the Western District of Louisiana. “Sadly, it took an explosion and the loss of lives to highlight PCA’s failure to adhere to some of these guidelines. The Civil Division in the Western District of Louisiana has an important job and welcomes the opportunity to continue to work alongside our federal and local partners to ensure these laws are abided by.”

“We join with our federal partners in taking action to ensure that this tragic occurrence is properly addressed,” said Dr. Chuck Carr Brown, LDEQ Secretary. “Those responsible must be held accountable.”

Section 112(r) of the Clean Air Act and its accompanying regulations are designed to prevent the accidental release of hazardous substances, like the explosion at the DeRidder mill. Congress added section 112(r) of the Clean Air Act in response to a 1984 catastrophic release of methyl isocyanate in Bhopal, India, that killed more than 3,400 people and caused over 200,000 others to suffer injuries. Under the Clean Air Act, facilities like PCA’s are required to identify hazards, design and maintain a safe facility, minimize the consequences of accidental releases that do occur, and comply with regulatory prevention measures. Failing to comply with these requirements increases the risk of accidents and threatens surrounding communities.

Reducing the risk to human health and the environment by decreasing the likelihood of chemical accidents at chemical facilities is a top priority for EPA’s enforcement and compliance assurance program.

The proposed stipulation of settlement is subject to a 45-day public comment period and court review and approval. A copy of the stipulation of settlement is available on the Department of Justice website.

'Bloomberg Technology' Full Show 09/28/2022)

Tuesday, September 27, 2022

Hong Kong Firms Push for More Covid Easing

Crypto Firms' Executives Quit; Bitcoin Breaks $19,000 Level

Xi Makes First Public Appearance After Overseas Trip

Hurricane Ian Takes Aim at Tampa

Hurricane Ian Could Cost Florida $70 Billion

Banks to Pay $1.1 Billion to Settle WhatsApp Probe

FTX CEO Bankman-Fried on Doing More Deals, Bitcoin, Regulation

How Will Political Upheaval Impact the Euro?

Europe Has to Pray for a Warm Winter: Blanch

Hurricane Ian Could Cause Billions in Damage in Florida

Watch: Hurricane Ian Slams Into Cuba with 125 mile per hour winds

Regulators to Announce Settlement in Whatsapp Probe

Watch: Nord Stream Pipeline Leaks Gas Bubbles in Baltic Sea

BOE's Pill: UK Tax Cuts Need Significant Policy Response

Fed's Bullard Says Credibility of Inflation-Targeting Is at Risk

Dudley Sees Fed Underplaying Pain of Inflation Fight

UK Must Restore Credibility With Investors: Bob Diamond

UK Faces 'Deep, Long' Recession: Deutsche Bank Economist

Goldman, BlackRock Turn Bearish on Stocks

Is this a sign that the bear market is about over?

Nord Stream Sees Unprecedented Damage to Gas Pipeline to Germany

Mortgages Risk Abrupt Closing of UK Housing Market : Jim O'Neill

Federal Reserve Is Exporting Inflation, UBS Wealth Management Says

Asian Currencies Face Pressure; Pound at Record Low

What Can Biden Do If Putin Goes Nuclear?

U.S. Dollar Looks Like the Asset to Hold Right Now, State Street Says

Monday, September 26, 2022

'Bloomberg Technology' Full Show (09/26/2022)

Central Banks Are Facing Serious Volatility, but for Different Reasons

Hurricane Ian Bears Down on Florida

BOE Won't Step in to Prop Up Pound

Kit Juckes: UK Facing Crisis in Confidence

Cyprus Concerned by Aegean Sea Rhetoric, Minister Says

The Crucial Difference Between Disinflation and Deflation

Morgan Stanley's Wilson Says Surging Dollar Is Hurting Stocks

Lagarde: It's Not Time for Quantitative Tightening

How Will BOE Halt Panic Over the Pound?

The 35-40 Year-Old Bull Markets in Bonds Is Over, Bianco Says

South America's Farmers Prepare for Record Soybean Crop

Nomura's Rochester Sees Pound Below Parity by Year End

OECD Sees Global Economy Jolted by War in Ukraine

UK Proves MMT Is 'Hogwash,' UBS's Haefele Says

UK Shadow Chancellor Sees 'Consequences' in Tax Plan

Deadly gun attack at Russian school – BBC News

Pound Drops to Record Low as UK Signals More Tax Cuts

Friday, September 23, 2022

Food Is Moving Out of Ukraine Ports, Cargill Says

Stocks Selloff to End Week, Treasury Yields Surge

Recession Could Cause 10% Drop in Stocks: Rooney Vera

Markets at Critical Inflection Point: Evercore's Ross

Evercore's Emanuel Says US Soft Landing 'Not Entirely' Off the Table

UK to Remove Cap on Banker Bonuses

UK Mini-Budget: Highlights of Kwarteng's Announcements

Iceland police arrest four for alleged terror plot attack - BBC News

'Bloomberg Technology' Full Show (09/22/2022)

Giorgia Meloni Expected to Win Italian Election

Credit Suisse Denies Report It Is Considering Exiting US

There’s Value in Slowing the Decline of Yen: Sullivan

Tuesday, August 30, 2022

Bitcoin Below $20K | Bloomberg Crypto 08/30/2022

Goldman Orders Staff Back After Lifting Covid Protocols

Treasury Sanctions Currency Mixer Tornado Cash

White House Can't Say If Inflation Has Peaked

Why Tallbacken's Purves Turned Bearish on Bitcoin

Inflation on the Ground Has Peaked: Wharton's Siegel

France Says Cap on Power Prices Is Possible

How to Determine the Value of Bitcoin

'Bloomberg Technology' Full Show (08/29/2022)

Morgan Stanley in Focus as Block-Trade Probe Heats Up

Monday, August 29, 2022

People Don't Understand Energy: Liberty Energy CEO

Why Treasury ETFs Are So Hot

Gas Prices Are Down, but Futures Markets Are Conflicted

EU's Canfin Says a Fair Power Price Cap Is Needed

Goldman Sachs: European Gas Prices Will Stay High

EU to Take Emergency Steps to Cap Power Prices

BlackRock's Moore Expects 'Mixed Bag' for Profits

Markets Too Complacent on Recession Threat, Academy's Tchir Says

IMF Meetings on Larry Summers' Agenda

What Summers Wants to See in the Jobs Report

Time For Investors to Think More Macro, Multi-Asset: Fournais

Fitch: No Single White Knight for China Property Market

Wednesday, August 24, 2022

Palo Alto Networks Soars on Strong Billings

Apple Employees Demand More Flexibility

Impact of Crypto Winter on Bitcoin Miners

Twitter Faces Legal, Political Peril in Whistle-Blower Case

Zoom Enterprise Bet Delayed After Cutting Sales Forecast

HBO's "House of the Dragon" Gets Nearly 10 Million Views

Housing Boom Has 'Left the Building': Brown Harris CEO

Samsung Galaxy Buds 2 Pro Review: My Ears Are Happy Now

PS5 DualSense Edge Controller: Everything We Know

Dell XPS 13 Plus Review: Redesign Stands Out, But Its Battery Life Is a ...

Why MacBooks Don't Have Touchscreens

Thailand Will Make Policy Decisions Based on Data: Sethaput

Yuan’s Slump Poses Risk for China's Struggling Economy

US Is Much Cleaner Story for Investors: Darby

China’s Historic Drought Spawns Power Crisis in Test for Xi

Friday, August 19, 2022

Should You Fear the Fed?

A Look Ahead to The Jackson Hole Conference

FreightWaves CEO Says Fright Market Will Stay Sluggish

Europe’s Corn Producers Are Struggling

Berkshire May Buy as Much as 50% of Occidental Stock

Housing Taking a Big Step Back, Realtor.com's Hale Says

Patent Expert Reacts to Apple Car Patents


Credit Suisse Holder Herro Says Bank Has Been 'Problem Child'

U.S. officials order historic water cuts for Arizona, Nevada due to Colo...

Japan's Brewer Asahi to Maintain Profits, CEO Saya

UK Retail Sales Unexpectedly Rise 0.3% in July

Another 75-Basis Point Fed Hike Is Baked in the Cake: Pang

China Property Sector Challenging Next 6 to 12 Months: Tsang

'Bloomberg Technology' Full Show (08/18/2022)

China Faces Significant Downside Risks to Growth: TD Securities

Thursday, August 18, 2022

China’s Drought and Power Crunch

Jokowi: Indonesia May Impose Nickel Export Tax This Year

Is the Bitcoin-Ether "Flippening" Drawing Near?

What Surprised Me About NFT Art (And I Own One?!)

Moto Edge 2022 Hands On: Entering A Crowded $500 Phone Market

Biden Oil, Gas Leasing Freeze Temporarily Reinstated

China Likely to Issue Extra Local Debts

Tencent Sales Fall for First Time as China's Economy Sinks

'Bloomberg Technology' Full Show (08/17/2022)

Monday, August 15, 2022

The Apple Watch Saved My Life. It Could Save Yours, Too

Fed’s Critical Moments: Wong on the Pandemic Crisis

Higher Oil is the New Normal: Wald

China Has Nothing to Hang On To: Lee

Bitcoin Retreats After Briefly Passing $25,000

UK's Labour Party Pushes Energy Price Cap Freeze Plan

BlackRock Modestly Underweight US, European Equities: Li

China Central Bank Unexpectedly Cuts Key Rate to Spur Growth

BlueScope Steel Doubles Full-Year Profit

China’s Domestic Demand Is Still Pretty Weak: Qiao

Stranded Tourists in China's Hainan Island See Hope

Japan's Economy Accelerates After Covid Curbs Relaxation

Recession Not Necessary to Rein in Inflation: Tribeca Investment Partners

Can Crypto’s Rebound Continue?

Monday, August 1, 2022

Amazon Must Haves Under $100

Stagflation May Overwhelm the Global Economy

The Key Takeaways From the ISM's July Manufacturing Data

Pelosi Will Visit Taiwan: Lib. Times

Citi's Morse Says Brent Will Continue 'Downward Drift' to Mid $80s

Manchin Pitches Sinema on Democrats' Tax-Climate Bill

Bitcoin Retreats After Recovery in Best Month of 2022

UK's Summer of Strikes Spreads From Ports to Courts

Germany Running Out of Time to Escape Putin's Gas Trap

Sunday, July 17, 2022

You can't paint tech with the same brush as the consumer, says Wedbush's...

Gap and Bed Bath & Beyond will be in a 'world of hurt' as we go forward,...

We're seeing high demand and low supply in Cleveland's housing market, s...

Our external growth was at the same rate as internal growth rate, says U...

Ether rallies, OpenSea cuts jobs by 20%, and why USDC is gaining ground ...


Can platforms with weak business models survive crypto contagion?

We expect pretty challenging numbers in software company earnings, says ...

Sen. Manchin hits brakes on Democrats' tax-and-spending bill

Join me for a BUSY weekend selling flowers!

Friday, July 15, 2022

Summers: The Fed Let Us Down 'Quite Badly'

'Bloomberg Technology' Full Show (07/14/2022)

S. Africa Preparing Emergency Power Measures: Godongwana

China's Economy Grows at Slowest Pace Since Wuhan Outbreak

WATCH: SpaceX Launches Cargo Mission to ISS

China Growth Slows Sharply

Philippine Central Bank Governor Signals Another Interest Rate Hike

Benign Inflation Sets China Apart From Other Major Economies: BNP