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Sam Knight - page 24

Sam Knight has 859 articles published.

States Repped By Energy Science-Denying Republicans Leading Way on Wind Power

The Obama Administration has presided over the tripling of wind energy production in the US, with deeply-Republican states leading the way. American wind energy output this year has increased to just under six percent of nationwide power generation, from just under two percent in 2009, according to the Energy Information Administration. Wind power accounted for about a quarter of net energy production in three Red States, EIA said on Wednesday: Iowa (31 percent), South Dakota (25 percent) and Kansas (24 percent). The agency noted that… Keep Reading

As Congress Prepares for TPP Fight, Another Trade Deal Nears Completion

President Obama’s chief trade negotiator is optimistic that delegates will meet deadlines for a major deal on services—one scheduled to be completed by the end of the year. US Trade Representative Michael Froman gave his outlook on the Trade In Services Agreement (TISA) on Wednesday, while noting potential roadblocks. “We have a number of challenges whether it’s the data issue or the new services issue that is very important that we are able to resolve in TISA and we are going to continue to work… Keep Reading

Federal Banking Regulators to Subject Fat Cats to New Cybersecurity Rules

Prudential regulators announced on Wednesday that they intend to formulate new cybersecurity rules for the country’s largest banks. Three major agencies said that they plan on formally proposing the guidelines in January, and welcomed public comment, per standard procedure. The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Federal Reserve are administering the push. In an advance notice of the proposal, they stated that efforts will focus on “cyber risk governance; cyber risk management; internal dependency management; external… Keep Reading

DOJ Epipen Price Gouging Deal Lacking Hundreds of Millions, Criminal Investigations

Sen. Richard Blumenthal (D-Conn.) called on the Justice Department to reject a settlement that it reached earlier this month with Mylan, over accusations that the federal government is one of many customers that the pharmaceutical giant ripped off. Blumenthal said that the $465 million deal was “far less than $700 million in harm” estimated to have been done to public finances, after Mylan jacked up the price of the Epipen. Outrage spread over the hikes in August, in the wake of media reports about the increased… Keep Reading

Wall Street Preparing Dodd-Frank “Skin in the Game” Rule Workaround

Investment bankers look set to water down a Dodd-Frank rule designed to snuff out the proliferation of toxic financial products. Players on Wall Street are preparing to minimize the impact of the so-called “skin in the game” rule by setting up affiliated companies to satisfy requirements on risk-sharing, according to The Wall Street Journal. The legal framework, which was finalized by the Obama administration in 2014, is set to take effect on Christmas Eve. The regulations require those who sell Collateralized Debt Obligations (CDOs) to hold onto… Keep Reading

Shrugging Off Concerns of Saudi Atrocities, U.S. Joins In Yemeni Bombing Campaign

US warships lobbed missiles at Houthi rebel positions in Yemen late Wednesday, marking the first time that American forces have been directly involved in the ongoing fighting there—one between the militants and the Saudi Arabian-backed government. American government officials claimed that the attacks hit and destroyed three radar installations, according to NPR. The strikes were launched in retaliation, after two missiles were launched from Yemen at a US destroyer in four days. Houthi forces, via state media organs they control, denied responsibility for the attack.… Keep Reading

Bush Officials Immunity for Terror War Abuses to be Subject, Again, of SCOTUS Battle

The Supreme Court will hear litigation that will determine if high-ranking US officials can be sued for civil rights abuses that occurred just after the Sept. 11, 2001 terrorist attacks. Justices said on Tuesday that they will take up the case, which was brought by mostly Muslim immigrants against former top George W. Bush appointees. Defendants include former Attorney General John Ashcroft and former FBI Director Robert Mueller III. A federal appeals court in New York had stripped Ashcroft and Mueller of their “qualified immunity”… Keep Reading

House Within Dems Grasp, They Believe, After Trump Goes Bull in G.O.P. China Shop

Congressional Democrats believe that they can not only recapture the Senate, but a House Majority, in the wake of Donald Trump’s latest meltdown. House Democratic electioneers told The Washington Post on Monday evening that internal polls conducted the night before reveal Republican legislators confronting “a backlash regardless of whether they continued to support Trump or not.” Surveys conducted after the second presidential debate by the Democratic Congressional Campaign Committee (DCCC) show their candidates have “a 12-point edge if the Republican recently withdrew their support from… Keep Reading

November Elections Could See One Quarter of Americans Free from Marijuana Prohibition

One in four Americans may soon be living in places where marijuana is fully legal, thanks to state ballot initiatives this November. California, Massachusetts, Arizona, Maine and Nevada will all be asking voters next month whether to end prohibition on the recreational consumption of cannabis. Polling in all states but California indicate the outcome of the referenda will be close, according to an article published Thursday by The Hill. Voters in the Golden State—the first jurisdiction in the country to legalize medicinal marijuana—appear to back… Keep Reading

Students of Military’s “School of the Americas” Successor Can Remain Secret, Appeals Court Rules

A federal appellate court in San Francisco ruled that the Pentagon can withhold the names of foreign students who take part in a controversial Latin American military training program. The Ninth Circuit Court of Appeals made the 2-1 ruling late last week, reversing the decision of a district judge who had come down on the side of disclosure. Litigants had filed a Freedom of Information Act(FOIA) lawsuit in 2011, to force the Department of Defense to reveal the names of students at the Western Hemisphere… Keep Reading

Congress Poking Holes in Wells Fargo Claims About Not Violating Securities Law

Members of the House Financial Services Committee cast doubt on Wells Fargo’s claims that it didn’t publicly disclose account falsifications in Securities and Exchange Commission filings because the information was “not material.” Rep. Carolyn Maloney (D-N.Y.) asked CEO John Stumpf at a hearing on Thursday why he personally sold $13 million worth of stock in late 2013–around the same time that he heard of accounts being systemically opened without consumer authorization. Rep. Brad Sherman (D-Calif.), meanwhile, said that the bank’s stock price would have plummeted,… Keep Reading

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