From Fox News
Further, Obama weighed in for the first time in months on the
contentious issue of the proposed Canada-to-Texas Keystone pipeline. As
the State Department reviews the stalled project, Obama said it should
only be approved if it doesn't significantly boost emissions.
"Our national interest will be served only if this project does not
significantly exacerbate the problem of carbon pollution," he said. "The
net effects of the pipeline's impact on our climate will be absolutely
critical to determining whether this project is allowed to go forward."
President Obama revealed his latest end run around the do-nothing Congress. Frankly, while I may not agree with him, I can understand his frustration. This one had to do with "climate change" (formerly known as "global worming") and new regulations for the operations of coal fired power plants. The president also touched on the Keystone Pipeline (see above). I'm trying to figure how a pipeline impacts climate since nothing comes out of the pipeline and goes into the atmosphere. How can a pipeline in and of itself "significantly boost emissions"?
Frankly, I think what is being emitted here is a lot of hot air from environmental groups (particularly the Sierra Club), who will apparently stop at nothing to derail the Keystone project. Never mind the positive economic impact the pipeline would have in terms of job creation, the environmentalists have continued to take the my way or the highway position. No, they want more Solyndras and inefficient wind farms.
Tuesday, June 25, 2013
Corzine on the Hot Seat...Finally
Federal
regulators are set to file charges against former New Jersey Gov. Jon
Corzine possibly later this week for his role in the collapse of MF
Global.
Citing law enforcement sources close to the case, The New York Times reported Tuesday that the Commodity Futures Trading Commission, which had regulatory oversight of the mammoth money management firm, is ready to approve civil charges over misuse of client funds.
Corzine, the former chairman and CEO of MF Global, has denied any wrongdoing.
USA Today
Well it's about time. Even though it's a civil suit rather than a criminal suit, it should be interesting to see how Corzine tries to explain how $1 billion of customer funds disappeared on his watch and he somehow was not in any way responsible. I truly hope that the Feds don't do what they usually do, that is, extract a fine while allowing the accused to neither admit or deny guilt. They need to set an example so that the rest of the Wall Street crew maybe thinks twice before they engage in questionable practices or run an operation with slip-shod controls.
Citing law enforcement sources close to the case, The New York Times reported Tuesday that the Commodity Futures Trading Commission, which had regulatory oversight of the mammoth money management firm, is ready to approve civil charges over misuse of client funds.
Corzine, the former chairman and CEO of MF Global, has denied any wrongdoing.
USA Today
Well it's about time. Even though it's a civil suit rather than a criminal suit, it should be interesting to see how Corzine tries to explain how $1 billion of customer funds disappeared on his watch and he somehow was not in any way responsible. I truly hope that the Feds don't do what they usually do, that is, extract a fine while allowing the accused to neither admit or deny guilt. They need to set an example so that the rest of the Wall Street crew maybe thinks twice before they engage in questionable practices or run an operation with slip-shod controls.
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