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Over 600 U.S. companies urge Trump to resolve trade dispute with China: letter – Reuters
Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers. This letter is the latest of many sent to the Trump administration by Tariffs Hurt the Heartland, the national campaign against tariffs supported by more than 150 trade groups representing agriculture, manufacturing, retail and tech industries.
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Policy & Politics
Saving the World Might Mean Accepting Slower Growth
Economists teach us that resources don’t just run out. As something becomes scarcer, its price rises, triggering a search for new supplies or the discovery of substitutes. We’ve seen it happen over the past two decades in the oil market, as dwindling reserves triggered the U.S. boom in oil derived from shale. Unexpectedly, the U.S. has surpassed even Russia and Saudi Arabia as the world leader in crude oil production. [ read more … ]
As Ohio Senate nears vote on nuke subsidy bill, PJM finds closing plants could save $1.6B
A report from the PJM Interconnection finds that retiring current nuclear plants as scheduled in Pennsylvania, New Jersey and Ohio and adding new natural gas and renewables would save $1.6 billion and 4.3 million tons of carbon, assuming 11.9 GW of coal also retires across the PJM region. The report lays out three scenarios and finds that keeping the nuclear plants online would save consumers $2.1 billion and 19.4 million tons of carbon, but does not include the cost of subsidizing the plants, which is expected to cost $190 million annually through 2026. It was presented to the Ohio state Senate Committee on Energy and Public Utilities Wednesday as the Senate tees up its vote on the state’s coal and nuclear support bill, which passed the House in May. [ read more … ]
VW closes in on Ford deal on electric, self-driving cars
Volkswagen AG is nearing a deal to cooperate with Ford Motor Co. on electric-car technology and self-driving vehicles, according to Chief Executive Officer Herbert Diess, who also called for a faster transformation of the German manufacturer. Talks with Ford are “progressing well” and are close to being finalized, Diess said in prepared remarks seen by Bloomberg and delivered at a gathering of the carmaker’s 500 most senior executives in Wolfsburg, Germany. The pact, which already includes co-producing vans and pickups trucks, is part of VW’s plan to add scale and save costs to counter slower sales and record spending requirements to develop new technologies. [ read more … ]
Democrats’ climate debate debate is not going away
The debate among Democrats about holding a climate change debate is not going away. Environmental activists and 2020 candidates are still pressing the party to dedicate one of the dozen presidential debates it is staging to what they see as an urgent, generational crisis. Yet party leaders have not given in to the calls for a climate-specific event, saying they do not want to highlight one issue over others. [ read more … ]
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