NewsTrust - Industry - Most Recent Stories: News (Mainstream)

FDA Won’t Act Against Ag Antibiotic Use

Fri, 23 Dec 2011 00:00:00 -0800

Wired - Dec. 23 (News) - With no notice other than a holiday-eve posting in the Federal Register, the US Food and Drug Administration has reneged on its long-stated intention to

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IBM spends $1.2M on 1Q lobbying

Fri, 01 Jul 2011 00:00:00 -0700

Boston Globe - Jul. 01 (News) - IBM spends $1.2M on 1Q lobbying

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NRC and industry rewrite the history of nukes

Wed, 29 Jun 2011 00:00:00 -0700

Associated Press - Jun. 29 (Investigative Report) - As part of a yearlong investigation of aging issues at the nation's nuclear power plants, the AP found that the relicensing process often lacks fully independent safety reviews. Records show that paperwork of the U.S. Nuclear Regulatory Commission sometimes matches word-for-word the language used in a plant operator's application.

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Obama’s focus on visiting clean-tech companies raises questions

Sun, 26 Jun 2011 00:00:00 -0700

Washington Post - By Carol D. Leonnig, Joe Stephens, Alice Crites - Jun. 26 (News Report) - With trips that began two months after he took office, President Obama has devoted more than half of his out-of-town private-business visits to promoting a single industry: clean technology, which the president says will lead the nation back to economic prosperity.

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US nuke regulators weaken safety rules

Mon, 20 Jun 2011 00:00:00 -0700

Associated Press - By Jeff Donn - Jun. 20 (Special Report) - Federal regulators have been working closely with the nuclear power industry to keep the nation's aging reactors operating within safety standards by repeatedly weakening those standards, or simply failing to enforce them, an investigation by The Associated Press has found.

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Fukushima: It's much worse than you think

Thu, 16 Jun 2011 00:00:00 -0700

Aljazeera - By Dahr Jamail - Jun. 16 (News Report) - Japan's 9.0 earthquake on March 11 caused a massive tsunami that crippled the cooling systems at the Tokyo Electric Power Company's (TEPCO) nuclear plant in Fukushima, Japan. It also led to hydrogen explosions and reactor meltdowns that forced evacuations of those living within a 20km radius of the plant.

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Chinese manufacturers: The end of cheap goods?

Sun, 12 Jun 2011 00:00:00 -0700

Economist - Jun. 12 (News Analysis) - “It is the end of cheap goods,” says Bruce Rockowitz. He is the chief executive of Li & Fung, a company that sources more clothes and common household products from Asia than perhaps any other. In the low-tech areas in which Li & Fung specialises, the firm handles an estimated 4% of China’s exports to America and a sizeable chunk of its exports to Europe, too. It has operations in several East Asian countries, where it diligently searches for cheap, reliable suppliers of everything from handbags to bar stools. So when Mr Rockowitz says the era of low-cost Asian production is drawing to a close, people listen. He argues that Asian manufacturing has gone through a number of phases, each lasting about 30 years. When China was isolated under Mao Zedong, companies in Hong Kong, Taiwan and South Korea grew expert at making things. When China reopened in the late 1970s, after Mao’s death, these experienced Asian operators converged on southern China. With almost free access to land and labour, plus an efficient port and logistics hub in nearby Hong Kong, they started to make things ever more cheaply and sell them to the whole world. For the next 30 years manufacturers in China helped to keep global inflation in check. But that era is now over, says Mr Rockowitz. Chinese wages are rising fast. A wave of new demand, especially from China itself, is feeding a surge in commodity prices. Manufacturers can find some relief by moving production to new areas, such as western China, Vietnam, Bangladesh, Malaysia, India and Indonesia. But none of these new places will curb inflation the way southern China once did, he predicts. All rely on the same increasingly expensive pool of commodities. Many have rising wages or poor logistics. None can provide the scale and efficiency that was created when manufacturers converged on southern China.

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Japan report promises independent nuclear agency

Tue, 07 Jun 2011 08:29:39 -0700

Washington Post - By Chico Harlan - Jun. 07 (News Report) - Facing widespread criticism for its handling of the crisis at the Fukushima Daiichi plant, the Japanese government on Tuesday announced its intention to create an independent nuclear agency, breaking up the government ministry that both promotes and regulates atomic energy.

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China shuts battery factories due to lead poisoning

Mon, 30 May 2011 00:00:00 -0700

BBC News - May. 30 (News) - Battery factories across China have been closed amid fears about poisoning from metals used by the industry. About 74 people have been detained after reports that more than 100 people, including children, were effected [sic] by lead and cadmium poisoning.

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Storm suspends work at Japan Fukushima nuclear plant

Mon, 30 May 2011 00:00:00 -0700

BBC News - May. 30 (News) - The operator of Japan's crippled nuclear plant has suspended some of its outdoor work due to a tropical storm, just days after it admitted it was not prepared for harsh weather.

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Shale Boom in Texas Could Increase U.S. Oil Output

Sat, 28 May 2011 00:00:00 -0700

New York Times - By Clifford Krauss - May. 28 (News Report) - Advocates of pulling oil from packed rock say it could raise the nation’s oil output by 25 percent, but evidence is mounting that the extraction technique threatens water supplies.

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Tepco president resigns over Japan nuclear crisis

Fri, 20 May 2011 00:00:00 -0700

Daily Telegraph - May. 20 (News) - The president of the Japanese utility that runs a tsunami-devastated nuclear plant resigned in disgrace on Friday after reporting the biggest financial losses in company history, saying he was stepping down to take responsibility for the ongoing crisis.

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Company sticks with plan to end Japan nuclear crisis in nine months

Tue, 17 May 2011 00:00:00 -0700

CNN - May. 17 (News) - Tokyo Electric Power Co., the company that owns the crippled Fukushima Daiichi nuclear power plant, said Tuesday it is going to stick to its previously announced timetable of six to nine months in bringing an end to the crisis.

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President Obama announces plans to expand domestic oil production

Sat, 14 May 2011 00:00:00 -0700

The New Orleans Times-Picayune - By Jonathan Tilove - May. 14 (News) - President Barack Obama Saturday announced plans to expand domestic oil production, including holding a lease sale in the Gulf of Mexico this year and two in 2012, and extending leases in the Gulf that were affected by the drilling moratorium in the wake of the BP oil spill to allow operators more time to meet heightened safety requirements.

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The Damage to the Fukushima Nuclear Plant Is Worse Than Previously Thought

Fri, 13 May 2011 00:00:00 -0700

Time - By Krista Mahr - May. 13 (News Analysis) - In the two months since Japan's Fukushima Daiichi nuclear power plant was pummeled by a quake and tsunami, no news has generally been good news. Unfortunately, today, there's some news.

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J.P. Morgan's hunt for Afghan gold

Thu, 12 May 2011 00:00:00 -0700

Fortune - By James Bandler - May. 12 (Special Report) - To Hannam, chairman of J.P. Morgan Capital Markets, Afghanistan represents a gigantic, untapped opportunity -- one of the last great natural-resource frontiers. Landlocked and pinioned by imperial invaders, Afghanistan has been cursed by its geography for thousands of years. Now, for the first time, Hannam believes, that geography could be an asset.

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What to watch when Big Oil testifies

Thu, 12 May 2011 00:00:00 -0700

The Politico - By Dan Berman - May. 12 (News Analysis) - It’s a tradition in Washington: the annual Capitol Hill version of the perp walk for Big Oil. It’s political theater at its best.

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Democrats See Strategy to End Big Oil Tax Breaks

Mon, 09 May 2011 00:00:00 -0700

New York Times - By Carl Hulse - May. 09 (News Report) - Linking two of the politically volatile issues of the moment, Senate Democrats say they will move forward this week with a plan that would eliminate tax breaks for big oil companies and divert the savings to offset the deficit.

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U.S. Jobless Claims Unexpectedly Jump on Auto Shutdowns

Thu, 05 May 2011 00:00:00 -0700

Bloomberg - By Alex Kowalski, Shobhana Chandra - May. 05 (News) - The number of claims for U.S. unemployment benefits unexpectedly rose last week, pushed up by auto-plant shutdowns and other unusual events that seasonal variations failed to take into account, the Labor Department said.

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China population turning-point to spur inflation

Wed, 04 May 2011 00:00:00 -0700

Reuters - May. 04 (News) - China's census results show the world's second-biggest economy is nearing a demographic watershed that will auger wage rises, higher inflation and relatively lower growth, a prominent government economist said in comments published on Thursday.

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U.S. Economic Growth Slows to 1.8% Rate in Quarter

Thu, 28 Apr 2011 00:00:00 -0700

New York Times - By Catherine Rampell - Apr. 28 (News Report) - The American economy slowed to a crawl in the first quarter, but economists are hopeful that the setback will be temporary.

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America's Nuclear Nightmare

Wed, 27 Apr 2011 00:00:00 -0700

Rolling Stone - By Jeff Goodell - Apr. 27 (Special Report) - The United States' nuclear reactors are old, faulty and dangerous — but regulators are ignoring the risks and boosting industry profits.

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Deepwater Horizon victims' families mark first anniversary of oil spill

Wed, 20 Apr 2011 00:00:00 -0700

Associated Press - Apr. 20 (News) - Relatives of some of the 11 men who died aboard the Deepwater Horizon oil rig are to fly over the Gulf of Mexico to mark the first anniversary of the worst offshore oil spill in US history.

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Solar power: breakthrough could herald big drop in costs

Sat, 16 Apr 2011 00:00:00 -0700

Christian Science Monitor - By Mark Clayton - Apr. 16 (News) - Scientists at the University of Michigan have discovered a new effect from an old property of light, which they say could lead to an "optical battery" that converts sunlight to electricity at a fraction of the cost of today's photovoltaic cells.

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Japan rates nuclear crisis at highest severity level

Tue, 12 Apr 2011 00:00:00 -0700

Washington Post - By Chico Harlan - Apr. 12 (News) - Japanese authorities on Tuesday raised the severity rating of the nuclear crisis at the Fukushima Daiichi power plant to the highest level on an international scale, on a par with the 1986 Chernobyl disaster.

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