An American Indian tribe living in the shadow of a NV Energy Inc. coal-fired power plant outside Las Vegas is heading a legal push for more stringent emissions and air quality standards for the facility, The Associated Press reports.
President Barack Obama, who once called bank executives "fat cats" and their pay "obscene," says Wall Street needs to change executive pay incentives that reward risky bets that can yield fortunes but can also devastate financial institutions.In an interview with Rolling Stone magazine, Obama says that despite congressional passage of a financial regulation overhaul in 2010, there still are not enough adequate means of holding risk takers in the industry accountable if their investment schemes fail, The Associated Press reports.
Search engine Google has spent $13.1 million on lobbying in 2012 in an attempt to fight a Federal Trade Commission antitrust investigation into the company amid rumors that a suit may result, The Hill reports.
State officials said Tuesday they found unclean conditions including visible black specks of fungus in steroids and a leaking boiler near what was supposed to be a clean room at a pharmacy linked to a deadly outbreak of meningitis.Gov. Deval Patrick said the state has moved to revoke the licenses of the New England Compounding Center and three pharmacists there, The Associated Press reports.
Six weeks ago, the Federal Reserve unveiled its latest plan to invigorate the U.S. economy. This week, the Fed will likely send a simple message:Give that plan time to work.No major announcements are expected when the Fed's latest two-day policy meeting ends Wednesday. Instead, officials will likely affirm their plan to buy mortgage bonds as long as necessary to make home buying more affordable, keep short-term interest rates at record lows through mid-2015 and take other stimulative steps if hiring doesn't pick up, The Associated Press reports.
The Energy Department confirmed Monday that there is a slow leak in the oldest double-shell waste tank at the Hanford, Washington nuclear reservation that's allowing highly radioactive and hazardous waste to leak into the space between the inner and outer shells, The Associated Press reports.
Rep. Barney Frank, a ranking member of the House Financial Services Committee, said JPMorgan Chase should not face charges or penalties for the failures of Bear Strearns, calling such charges "inappropriate," as Bear Stearns took the questionable action before JPMorgan acquired the firm, The Hill reports.