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Contents contributed and discussions participated by katyshannon

katyshannon

Shell to Cease Off-Shore Arctic Oil Drilling in Alaska - NBC News - 0 views

  • Royal Dutch Shell PLC says it's ceasing exploration in offshore Alaska for the foreseeable future.
  • an exploratory well drilled to 6,800 feet found oil and gas but not in sufficient quantities.
  • Shell drilled in 150 feet of water about 80 miles off Alaska's northwest coast.
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  • The exploratory well was the first in the Chukchi in 24 years.
  • Over the summer, protesters in kayaks unsuccessfully tried to block Arctic-bound Shell vessels in Seattle and Portland, Oregon.
  • Shell has spent about $7 billion on Arctic offshore development on the hope that there would be deposits worth pursuing.
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    Shell to stops drilling in the Artic
katyshannon

Catalan elections: secessionists claim victory - as it happened | World news | The Guar... - 0 views

  • Catalonia has handed a clear majority to parties actively seeking the region’s secession from Spain.
  • An agreement will have to be reached between the two main pro-independence parties in order to secure that absolute majority and the central government in Madrid has promised to fight tooth and nail to prevent secession.
  • A: Catalonia has, for centuries, treasured its own language and culture. But, during Franco’s dictatorship, its language was banned. The recent surge in independence sentiment stems from June 2010, when Spain’s highest court struck down key parts of a charter that would have granted Catalonia more autonomy and recognised it as a nation within Spain.
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  • Prime minister Mariano Rajoy’s government has made it clear it will use all legal methods to prevent the independence of Catalonia, which accounts for nearly a fifth of Spain’s economic output.
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    Catalonia considering secession from spain
katyshannon

Caterpillar to cut more than 10,000 jobs - Sep. 24, 2015 - 0 views

  • This time at a giant in U.S. business. Caterpillar (CAT) announced on Thursday that job cuts could exceed 10,000 through 2018. Up to 5,000 employees will lose jobs between now and the end of 2016.
  • The moves are aimed at cutting $1.5 billion in annual costs as the global growth outlook continues to darken.
  • Nearly 10% of the company's revenue is generated in China, where the country's economy is shifting from infrastructure-led growth to being more consumer driven.
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  • China's growing pains have rippled through many countries with which it has deep trade ties.
  • As demand for raw materials dropped, it's sent prices careening for everything from crude oil and copper to iron ore. That's led mining and oil exploration companies to cut back on spending on the heavy equipment that Caterpillar produces.
  • Given those challenges, Caterpillar dimmed its 2015 sales targets and warned next year's revenue could decline by 5%. That would mark the first time in Caterpillar's 90-year history that sales have declined for four straight years.
  • the 10,000 job cut estimate includes the potential closing of more than 20 unspecified manufacturing facilities. The company will offer a voluntary retirement enhancement program for qualifying employees that will be completed by the end of 2015.
  • Earlier this week the company said retail sales of its machinery slumped 11% between June and August. The company felt the greatest pressure in China and Latin America.
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    Caterpillar cuts thousands of jobs
katyshannon

China to Announce Cap-and-Trade Program to Limit Emissions - The New York Times - 0 views

  • WASHINGTON — President Xi Jinping of China will make a landmark commitment on Friday to start a national program in 2017 that will limit and put a price on greenhouse gas emissions, Obama administration officials said Thursday
  • The move to create a so-called cap-and-trade system would be a substantial step by the world’s largest polluter to reduce emissions from major industries, including steel, cement, paper and electric power.
  • it is not clear whether China will be able to enact and enforce a program that substantially limits emissions.
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  • China’s economy depends heavily on cheap coal-fired electricity, and the country has a history of balking at outside reviews of its industries. China has also been plagued by major corruption cases, particularly among coal companies.
  • Domestic and external pressures have driven the Chinese government to take firmer action to curb emissions from fossil fuels, especially coal. Growing public anger about the noxious air that often envelops Beijing and many other Chinese cities has prompted the government to introduce restrictions on coal and other sources of smog, with the side benefit of reducing carbon dioxide pollution.
  • The climate deal will be a substantial, if rare, bright spot in a wide-ranging summit meeting that is expected to be dominated by potential sources of friction between Mr. Obama and Mr. Xi.
  • The president plans to raise a number of contentious topics on Friday, White House aides said, including cyberattacks on American companies and government agencies, China’s increasingly aggressive reclamation of islands and atolls in disputed areas of the South China Sea, and Mr. Xi’s clampdown on dissidents and lawyers in China.
  • Under a cap-and-trade system, a concept created by American economists, governments place a cap on the amount of carbon pollution that may be emitted annually. Companies can then buy and sell permits to pollute. Western economists have long backed the idea as a market-driven way to push industry to cleaner forms of energy, by making polluting energy more expensive.
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    China's program to reduce emissions
katyshannon

Los Angeles Becomes the First City to Declare a State of Emergency Over Homelessness - 0 views

  • Los Angeles has become the first city in the nation to declare a public emergency in response to a boom in the number of homeless people on its streets
  • Officials estimate about 26,000 people roam Los Angeles unsheltered.
  • the mayor and a number of City Council members proposed Tuesday that the city spend $100 million in the next year on permanent housing and shelters
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  • he past two years, the homeless population in the city of Los Angeles has grown by 12%, and Los Angeles County as a whole has seen an 85% uptick in the number of people scraping by without a solid roof over their heads.
  • The city already uses about $100 million on issues related to homelessness, but a vast majority of that goes to breaking up encampments and keeping homeless people on the move.
  • Cedillo's comments came as the city passed two controversial ordinances that sought to deal with the issue of homelessness mainly by way of making the lives of the homeless more difficult. The ordinances made it easier for the city to clean out homeless encampments and remove personal property that people leave out on sidewalks and in parks. They also shortened the warning notice the city is required to give someone before confiscating property they leave out in public from 72 hours to 24 hours, and eliminated notice for anything that can't fit in a 60-gallon city trash receptacle. Most critically, violation of the ordinances are punishable by citation or misdemeanor charges.
  • In August, the Department of Justice harshly criticized anti-homelessness laws like the ones that LA passed this summer.
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    LA declares state of emergency over large population of homeless people
katyshannon

Egypt's Sisi pardons 100 prisoners, including Jazeera journalists | Reuters - 0 views

  • Egypt's President Abdel Fattah al-Sisi pardoned 100 prisoners including three Al Jazeera television journalists, on Wednesday, a day before he plans to head to the annual United Nations summit of world leaders.
  • Al Jazeera journalists, Canadian Mohamed Fahmy, Egyptian Baher Mohamed and Australian Peter Greste, were sentenced to three years in prison in a retrial last month for operating without a press license and broadcasting material harmful to Egypt. Greste had already been deported in February.
  • The pardons were reported by security sources and Egypt's state news agency, which said they included prisoners who violated a 2013 law banning protests without a permit, as well as some who were sick.
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  • Human rights groups have accused Egyptian authorities of widespread violations since the army toppled the country's first democratically elected president, Islamist President Mohamed Mursi, after mass protests against his rule two years ago.
  • The pardons were announced on the same day that France said it had agreed to sell Egypt two French Mistral helicopter carriers, whose planned sale to Russia had been canceled.
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    Eyptian president pardons 100 prisoners
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