Posts Tagged ‘environmental summit’

EPA Moves to Regulate CO2 as a Hazard to Health

EPA Moves to Regulate CO2 as a Hazard to Health

TIME By Bryan Walsh, courtesy of TIME

The major U.N. summit on climate change opened Monday in Copenhagen, but the big environmental news was made across the Atlantic in Washington. In an afternoon press conference, Environmental Protection Agency (EPA) Administrator Lisa Jackson announced that the agency had finalized its finding that greenhouse gases, including carbon dioxide, pose a threat to human health and welfare.

The ruling allows the EPA to begin regulating greenhouse-gas emissions from power plants, factories and major industrial polluters, although the precise details of that regulation have yet to be worked out. "The threat is real," said Jackson. "If we don’t act to reduce greenhouse-gas emissions, the planet we will leave to the future will be very different than the one we know today." (See TIME’s special report on the environment.)

Jackson’s announcement was the final step in a response that has been nearly three years in the making — since April 2007, when the Supreme Court ruled in Massachusetts v. EPA that the Clean Air Act gives the EPA the authority to regulate emissions of greenhouse gases, if they are indeed a threat to human health and welfare. At the time, the court directed the agency to review the latest science on climate change in order to make a determination.

Under former President George W. Bush, the EPA largely punted on the question, even burying analysis from its own scientists in the waning months of that Administration. When President Barack Obama took office, he directed the new EPA to kick-start the regulation process — nearly 11 months and 380,000 public comments later, the agency is now poised to regulate CO2 as a pollutant. "This cements 2009′s place in history as the year the U.S. government began seriously addressing the challenge of greenhouse-gas pollution," said Jackson.

Although the announcement had been in the pipeline for a while, the timing was appropriate, with Copenhagen getting under way. The EPA ruling is a signal to other countries that the U.S. is prepared to contribute to a climate treaty, and it is a useful tool for Obama, who will participate in the Copenhagen summit on Dec. 18, its final day. "In light of the EPA endangerment finding, the President’s appearance in Copenhagen will carry even more weight, because it shows that America is taking this issue…
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ValueWalk

McConnell Continues To Hold Up Covid Pandemic Relief

By Anna Peel. Originally published at ValueWalk.

As Another 712K Get Pink Slips, McConnell Insists On More Corporate Giveaways in Lieu of Real Covid Pandemic Relief

Q3 2020 hedge fund letters, conferences and more

McConnell Dismisses The Urgently Needed Covid Pandemic Relief

McConnell’s latest proposal offers far too little, too late for those most in need — not a penny for extra unemployment benefits, stimulus checks, or rental assistance, while doing nothing to ...



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Kimble Charting Solutions

Dow Industrials Test Super Breakout Price Level!

Courtesy of Chris Kimble

The Dow Jones Industrial Average has survived several market scares over the past 5 decades, including the 1987 crash (Black Monday), Tech Bubble, Financial Crisis, and Coronavirus crash.

In a very noisy, news-driven world, sometimes it pays to simply zoom out on the charts and stop thinking about trading every headline.

Today’s chart is a “quarterly” chart of the Dow Jones Industrial Average (spanning the past 50 years). It includes some relevant Fibonacci price levels for active investors to consider; we apply Fibonacci to the quarterly lows of 1974 and the lows of 2003 and 2009 (that being 100%).

Note that the Dow Industri...



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Phil's Favorites

House Hearing: Wall Street Gets Bailed Out by Fed; Main Street Gets Sold Out

Courtesy of Pam Martens

Congresswoman Katie Porter

Sparks were flying throughout yesterday’s House Financial Services Committee hearing. After Fed Chair Jerome Powell and U.S. Treasury Secretary Steve Mnuchin appeared before the Senate Banking Committee on Tuesday, they were grilled for 2 more hours yesterday by members of the House Financial Services Committee. The atmosphere was far less cordial than the prior day, which wasn’t exactly tea and crumpets either.

There was good reason for the hostility. For the second time in a dozen years, another former G...



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Zero Hedge

"We Saw 10 Ambulances Driving To The Scene" - Port Warehouse Explodes In Bristol, "Multiple Casualties" Reported

Courtesy of ZeroHedge View original post here.

Another port warehouse has exploded, this time in the British city of Bristol, in the outer neighborhood of Avonmouth, where the city's port is located.

Emergency services from across the region are responding to the scene, with South Western Ambulance Service saying it was responding to a "se...



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Politics

Socialism is a trigger word on social media - but real discussion is going on amid the screaming

 

Socialism is a trigger word on social media – but real discussion is going on amid the screaming

‘Tug-of-words’ posts debating the merits of socialism versus capitalism are all over social media platforms. pxfuel

Courtesy of Robert Kozinets, USC Annenberg School for Communication and Journalism

The word “socialism” has become a trigger word in U.S. politics, with both positive and negative perceptions of it split alo...



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Chart School

Gold Chart Review

Courtesy of Read the Ticker

Gold swing trade is due, lets review some charts to see if it is a viable move.

The seasonal period of gold is now upon us, gold should advance for the next 3 months.


Gold Gann Angle Chart ...


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Gold Channel Chart .. close up!



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Gold Channel Chart


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Biotech/COVID-19

Rapid COVID-19 tests can be useful - but there are far too few to put a dent in the pandemic

 

Rapid COVID-19 tests can be useful – but there are far too few to put a dent in the pandemic

Rapid tests for COVID-19 are easy to administer and give fast results. AP Photo/Julio Cortez, File

Courtesy of Bonnie LaFleur, University of Arizona and Katherine Ellingson, University of Ari...



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Digital Currencies

Five Reasons Why Bitcoin is Going Up

 

Five Reasons Why Bitcoin is Going Up

Courtesy of 

Call it the “Respectability Rally”…

A few reasons for Bitcoin’s return to the record highs. It’s about $18,500 as of this writing, matching the previous highs from 2017’s original explosion.

Reason one: It’s going up because it’s going up. Don’t scoff, this is the reason most things in the markets happen and then the explanations are called for afterwards. I’m in financial television, I have literally watched this process occur in real-time. The more something moves in a given direction, the more peop...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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