'They're crazy' -- reaction as City Council OKs 5-cent bag fee
CITY HALL -- A nickel for most bags that stores provide for shoppers drew sharp reaction when the legislation was approved by the City Council on Thursday. Starting Oct. 1, retail and grocery stores will be required to charge at least 5 cents for most plastic and paper bags given to shoppers under controversial Council legislation Mayor Bill de Blasio plans to sign. "I don't want to charge my customers -- the City Council has to have something better to do than bother people with these nicke..>> view originalMetro chief to unveil plan Friday for fixing rail system's woes
Metro’s General Manager Paul J. Wiedefeld is set to announce on May 6 a massive overhaul of Metro’s rail system. (WUSA) The commutes of hundreds of thousands of Washington-area residents will be upended when Metro General Manager Paul J. Wiedefeld on Friday unveils his long-awaited plan for a massive overhaul of the struggling rail system. Wiedefeld will make the announcement at a mid-morning news conference at the agency’s downtown headquarters after he briefs Metro board members. Althoug..>> view originalFerro says 'no price' for Tribune Publishing as analysts predict higher bid
Tribune Publishing and its chairman, Michael Ferro, are ready to turn the page after rejecting Gannett's $815 million offer to buy the owner of the Chicago Tribune, Los Angeles Times and other major newspapers, but some analysts and shareholders are far from sold.In an interview Thursday, Ferro said Chicago-based Tribune Publishing's newly outlined plans for leveraging the digital assets of the company will bring more value to shareholders than Gannett's offer. "There's no price," Ferro told th..>> view originalRio Approves $5.3 Billion Oyu Tolgoi Copper Mine Expansion
Rio Tinto Group and its partners approved a $5.3 billion expansion to more than double output at the Oyu Tolgoi copper and gold mine in Mongolia as producers race to meet a forecast global deficit by the end of the decade.Work on the project will begin from the middle of this year and first production from the underground mine is expected in 2020, London-based Rio, the world’s-second biggest mining company, said Friday in a statement. When the underground is fully ramped up in 2027, Oyu Tolgoi ..>> view originalAsian shares languish at one-month low ahead of US payroll data
LONDON Stock markets in Europe and Asia struggled on Friday and only monthly U.S. nonfarm payrolls numbers stood in the way of shares globally racking up their biggest falls since mid-February.Concerns over growth, the failure of extraordinary central bank stimulus and banking profitability in an era of negative interest rates, allied to a still tepid recovery in oil prices CLc1, has kept a lid on any optimism over the past month. Money markets show investors have all but abandoned betting tha..>> view originalGet ready for in-flight wifi that doesn't suck
I’m writing this from 23,000 feet in the air, having just finished a FaceTime call with a colleague, and am now streaming BBC World News. Remarkably, this all actually works. In my limited experience with in-flight wifi, it’s either slow to a crawl or just plain nonfunctional. For this reason, I don’t even try to get work done on a plane, preferring to use the time to read or sleep. “Anyone familiar with Gogo today knows our ground network is at capacity,” Blane Boynton, Gogo’s vice president o..>> view originalOil prices rise
U.S. stocks are pointing higher this morning with oil prices moving up. The S&P is up 0.37%, and the Dow is up 0.34%. There were 274,000 initial claims for unemployment during the week of April 30, up from 257,000 the week before. Asian markets finished mixed Thursday with Chinese services data showing a slowing rate of growth. The Hang Seng dropped 0.37% while the Shanghai was up 0.22%. In Europe, stocks are mixed today as rising oil prices boosted energy shares. The FTSE is up 0.07%, while ..>> view original[ May 6, 2016 ] Falcon 9 succeeds in middle-of-the-night launch and landing Falcon 9
SpaceX’s Falcon 9 rocket streaks due east from Cape Canaveral after lifting off at 1:21 a.m. EDT (0521 GMT). Credit: SpaceX A Japanese communications rode a Falcon 9 rocket into space from Cape Canaveral early Friday, reaching an on-target orbit as the launcher’s first stage booster nailed a high-speed landing on a platform in the Atlantic Ocean, logging another achievement for SpaceX’s cost-cutting reuse initiative. The successful satellite deployment marks the Falcon 9’s fifth consecutive fla..>> view originalArcelorMittal slightly more upbeat about steel market
BRUSSELS ArcelorMittal (ISPA.AS), the world's largest steelmaker, said on Friday it was slightly more positive about the steel market, helped by a modest improvement in prospects for China, though it kept its forecast for 2016 earnings unchanged.Steelmakers worldwide have been battered by a plunge in prices due to overcapacity and a slowdown in economic growth in China, the world's largest consumer and producer of steel. ArcelorMittal said it still expected global apparent steel consumption, w..>> view originalCongress Must Not Bow To Puerto Rican Debt Tactics
5023364Earlier this week, Puerto Rico’s Governor Garcia Padilla (D) announced the island would default on a $422 million debt payment. Padilla’s move is in part an effort to get Congress to pass a rescue package by feigning helplessness. He and his allies want a bailout, or at the very least, the ability to declare bankruptcy and walk away from the mess they created instead of trimming Puerto Rico’s absurdly bloated government. Allowing the island to declare bankruptcy would be a dangerous p..>> view original
Friday, May 6, 2016
'They're crazy' -- reaction as City Council OKs 5-cent bag fee and other top stories.
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