The U.S. Environmental Protection Agency will replace Obama-era carbon and clean water regulations and open up a national debate on climate change in 2018, part of a list of priorities for the year that also includes fighting lead contamination in public drinking water.

The agenda, laid out by EPA Administrator Scott Pruitt in an exclusive interview with Reuters on Tuesday, marks an extension of the agency’s efforts under President Donald Trump to weaken or kill regulations the administration believes are too broad and harm economic growth, but which environmentalists say are critical to human health.

“The climate is changing. That’s not the debate. The debate is how do we know what the ideal surface temperature is in 2100? … I think the American people deserve an open honest transparent discussion about those things,” said Pruitt, who has frequently cast doubt on the causes and implications of global warming.

Pruitt reaffirmed plans for the EPA to host a public debate on climate science sometime this year that would pit climate change doubters against other climate scientists, but he provided no further details on timing or which scientists would be involved.

Pruitt said among the EPA’s top priorities for 2018 will be to replace the Clean Power Plan, former President Barack Obama’s centerpiece climate change regulation which would have slashed carbon emissions from power plants. The EPA began the process of rescinding the regulation last year and is taking input on what should replace it.

“A proposed rule will come out this year and then a final rule will come out sometime this year,” he said. He did not give any details on what the rule could look like, saying the agency was still soliciting comments from stakeholders.

He said the agency was also planning to rewrite the Waters of the United States rule, another Obama-era regulation, this one defining which U.S. waterways are protected under federal law. Pruitt and Trump have said the rule marked an overreach by including streams that are shallow, narrow, or sometimes completely dry — and was choking off energy development.

Pruitt said that in both cases, former President Barack Obama had made the rules by executive order, and without Congress. “We only have the authority that Congress gives us,” Pruitt said.

Pruitt’s plans to replace the Clean Power Plan have raised concerns by attorneys general of states like California and New York, who said in comments submitted to the EPA on Tuesday that the administrator should recuse himself because as Oklahoma attorney general he led legal challenges against it.

Biofuels and staff cuts

Pruitt said he hoped for legislative reform of the U.S. biofuels policy this year, calling “substantially needed and importantly” because of the costs the regulation imposes on oil refiners.

The Renewable Fuel Standard, ushered in by former President George W. Bush as a way to help U.S. farmers, requires refiners to blend increasing amounts of biofuels like corn-based ethanol into the nation’s fuel supply every year.

Refining companies say the EPA-administered policy costs them hundreds of millions of dollars annually and threatens to put some plants out of business. But their proposals to change the program have so far been rejected by the Trump administration under pressure from the corn lobby.

The EPA in November slightly raised biofuels volumes mandates for 2018, after previously opening the door to cuts.

The White House is now mediating talks on the issue between representatives of both sides, with input from EPA, and some Republican senators from states representing refineries are working on possible legislation to overhaul the program.

Pruitt said he also hoped Congress could produce an infrastructure package this year that would include replacing municipal water pipes, as a way of combating high lead levels in certain parts of the United States.

“That to me is something very tangible very important that we can achieve for the American people,” he said.

Pruitt added that EPA also is continuing its review of automobile fuel efficiency rules, and would be headed to California soon for more meetings with the California Air Resources Board to discuss them.

California in 2011 agreed to adopt the federal vehicle emission rules through 2025, but has signaled it would opt out of the standards if they are weakened, a move that would complicate matters for automakers serving the huge California market.

In the meantime, Pruitt said EPA is continuing to reduce the size of its staff, which fell to 14,162 employees as of Jan. 3, the lowest it has been since 1988, under Ronald Reagan when the employment level was 14,400. The EPA employed about 15,000 when Obama left office.

Nearly 50 percent of the EPA will be eligible to retire within the next five years, according to the agency.
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From: MeNeedIt

Two French rights groups have filed a lawsuit against electronics giant Samsung, accusing it of misleading advertising because of alleged labor abuses at factories in China and South Korea.

It’s the latest labor challenge to Seoul-based Samsung, which has faced growing health complaints from workers in recent years, even as profits soar thanks to its blockbuster semiconductor business.

The unusual lawsuit filed Thursday in Paris court by groups Sherpa and ActionAid France names Samsung Global in Seoul and its French subsidiary. It is now up to the court to decide whether to take up the case.

It accuses Samsung of “deceptive trade practices,” based on documents from China Labor Watch and others alleging violations including exploitation of children, excessive working hours and use of dangerous equipment and gases.

Samsung did not immediately comment. On its website, it says it maintains “a world-class environment, safety and health infrastructure and rigorous standards to safeguard our employees’ well-being.”

The lawsuit is part of larger efforts by rights groups to use French courts to hold multinationals to account for alleged wrongdoing, and to push for an international treaty against corporate abuses.

The groups argue that French consumers were among those deceived by Samsung’s pledges of ethical treatment of workers, and therefore French courts can rule in the case. But they want to call attention to the problem beyond French borders.

“We hope to make things evolve not only in France but on an international level,” said Marie-Laure Guislain, legal director for Sherpa.

“It’s not just about Samsung,” she told The Associated Press. “It’s the rights of workers under question.”

China Labor Watch has published several reports on child labor at Samsung suppliers in China based on years of undercover investigations. The New York-based nonprofit has long investigated working conditions at suppliers to some of the world’s best-known companies including Walt Disney Co. and Apple Inc.

In South Korea, where Samsung is a national icon, courts recently have begun to rule in favor of workers believed sickened by chemicals used in manufacturing. Many former Samsung workers have sought compensation or financial aid from the government or from Samsung for a possible occupational disease.

Samsung also is recovering from a management crisis, after its de facto leader Lee Jae-yong was sentenced to prison for bribery and other charges, and the departure of the heads of its semiconductor, mobile business and TV divisions.

 
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From: MeNeedIt

Britain could lose almost 500,000 jobs and 50 billion pounds ($67.41 billion) investment over the next 12 years if it fails to agree a trade deal with the European Union, according a report commissioned by London Mayor Sadiq Khan.

Cambridge Econometrics, an economics consultancy, looked at five different Brexit scenarios, from the hardest to the softest form of Brexit, and broke down the economic impact on nine industries, from construction to finance.

The study said that in a no-deal scenario, the industry that fares the worst will be financial and professional services, with as many as 119,000 fewer jobs nationwide.

“If the Government continue to mishandle the negotiations we could be heading for a lost decade of lower growth and lower employment,” Khan said. “Ministers are fast running out of time to turn the negotiations around.”

Britain and the EU will soon begin the much harder task of defining their future trading relationship, after settling the broad terms of their divorce settlement last month.

A stand-off between Britain and the EU over the future access to single market for London’s vast financial services industry is shaping up to be one of the key Brexit battlegrounds before Britain is due to leave the bloc in March 2019.
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From: MeNeedIt

China is denying a published report that it may slow or even stop purchasing U.S. Treasury bonds.

Sources told U.S.-based financial news outlet Bloomberg Wednesday that senior government officials recommended the action as the market for U.S. government bonds is becoming less attractive, along with rising trade tensions with the United States. The Bloomberg report triggered a decline on bond markets and a selloff of the U.S. dollar during the day.

In a statement posted on its website Thursday, China’s State Administration of Foreign Exchange said the Bloomberg story was either misinformation or “fake news.” The agency says the country’s huge reserves of foreign currencies are professionally managed on the basis of market conditions and investment needs.

China has the world’s largest foreign-exchange reserves at $3.1 trillion.

The U.S. Treasury Department says China holds about $1.2 trillion in Treasuries, making it the largest foreign holder of U.S. government debt.
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From: MeNeedIt

Female startup founders have a notoriously harder time securing funding than men. But new methods of financing could help close the gender gap. One of those methods lies in the buzzy technologies of blockchain and cryptocurrencies.

“Cryptocurrency, being a digital platform, fundamentally erases that sort of bias and does create a sort of leveling of the playing field,” said Lisa Wang, founder and CEO of SheWorx. “Women who are savvy and are able to hop onto the train are able to raise money really quickly for their ideas.”

SheWorx hosted an event last month for its New York City members dubbed “Cryptocurrency 101: Practical Advice on Getting Involved in Bitcoin & Beyond.” About 35 women showed up to learn more.

“For a lot of women, they’re looking at the Bitcoin prices, the Ethereum prices, Litecoin prices and they’re saying, ‘Oh my gosh, it’s too late for me to get involved,’” Wang said. “It’s not too late, you didn’t miss the boat.”

Women received just 11 percent of total venture funding in the first half of 2017, according to TechCrunch.

What is blockchain?

Could blockchain pave the way to more financing for women?

Blockchain technologies have garnered a lot of attention lately, thanks in part to the roller-coaster ride of their most famous protocol and cryptocurrency, Bitcoin.

The distributed ledger technology (DLT) that underpins cryptocurrencies like Bitcoin enables peer-to-peer or machine-to-machine transactions without the need for intermediary third parties.

This removal of middlemen (and their subsequent fees) is a major draw for both startups and established companies across a variety of industries.

Wang said entrepreneurs should assess their risk profile, determine whether blockchain is a fit for their startup, and research the types of fundraising processes that could best serve them.

Unique coins

Tech startups are now exploring the option of issuing their own unique tokens or coins, based on an established blockchain protocol like Bitcoin or Ethereum. Others are creating entirely new blockchain protocols and alternative coins.

These initial coin offerings (ICOs) allow startups to raise money quickly in a limited amount of time, via crowdfunding. Unlike traditional initial public offerings (IPOs), ICOs do not offer investors an ownership stake in the company. Instead, investors assess the potential usefulness and value of an alternative or “alt” coin, and the long-term profitability of its parent product or service, whether it makes sense as a blockchain application.

Michelle McCormack is the founder and CEO of Casting Coin, an Ethereum-based token that will launch this year and be used as currency on a crowdsourcing platform connecting models and brands.

Using blockchain tech

McCormack spoke at the SheWorx event and explained how her fashion industry experience helped her identify a gap in the model booking business.

“Models are a perfect example of people that have a really hard time connecting with work unless they know somebody … a lot of times, they’re faced with dealing with shady, internet intermediaries who are calling themselves agents,” McCormack said. “When they do get work, they have to give at least 20 percent of their rate to the agent.”

McCormack is a building a blockchain-based platform where industry influencers pay Casting Coins to up-vote or down-vote models, resulting in a new kind of crowdsourcing business model for the traditional model and talent agency.

“Over time, a natural influencer vertical and talent vertical will come up … so that the brand can easily identify them, directly hire them,” McCormack said.

While some may be deterred by the ambiguous qualities of a nascent technology like blockchain, McCormack said women should get involved sooner rather than later.

“There’s no legacy of male domination in blockchain, because there’s no legacy. So why not get involved, build something?” McCormack said.
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From: MeNeedIt

The Zambian Ministry of Health and the World Health Organization are beginning a cholera vaccination campaign January 10 to help stop an outbreak of this deadly disease. Latest official figures put the number of cases at 2,672, including 63 deaths.

Two rounds of immunizations are planned. At each stage, about one million people will be vaccinated against cholera. Most of those who will receive these shots live in or around the Zambian capital, Lusaka, since nearly all of the cases of this fatal disease are centered there.

World Health Organization spokesman Christian Lindmeier says the WHO has helped the government plan the campaign and has trained about 500 health and community workers how to administer the vaccine.

He agrees vaccination is an important measure in preventing the onset and spread of cholera. But he says access to clean water, proper sanitation and good hygiene are fundamental to stopping outbreaks entirely.

He tells VOA the government is taking measures to remedy this situation.

“First of all, it has deployed the military to clean up parts of the city where sanitation has been poor. It has also closed a market where sanitation was poor. It has banned street vending and also public gatherings and was delaying the start of the new school semester,” he said.

Cholera, an acute diarrheal disease, can kill within hours if left untreated. People become severely dehydrated and must have their lost fluids replaced quickly if they are to survive.

Lindmeier says it is critical for people to have access to treatment centers where they can easily be helped through oral rehydration or, in the more serious cases, through intravenous fluids.
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From: MeNeedIt

Facing accusations by an actress and a filmmaker over alleged sexual misconduct, James Franco said on CBS’ “The Late Show” on Tuesday the things he’s heard aren’t accurate but he supports people coming out “because they didn’t have a voice for so long.”

Franco’s appearance came hours after The New York Times canceled a public event scheduled Wednesday that was intended to feature “The Disaster Artist” director and star and his brother and co-star, Dave Franco, discussing the film with a Times reporter.

The Times said in a statement that it had canceled the event “given the controversy surrounding recent allegations.”

After he won a best-actor Golden Globe on Sunday night, actress Violet Paley accused Franco on Twitter of sexual misconduct. Filmmaker Sarah Tither-Kaplan questioned Franco wearing a “Time’s Up” pin during the awards ceremony in a tweet about him having her do a nude scene for $100 per day.

Franco said he supports the “Time’s Up” movement against sexual harassment and for gender equality. He said “if there’s restitution to be made, I will make it.”

“I pride myself on taking responsibility for things that I have done,” Franco told “Late Show” host Stephen Colbert. “The things that I heard that were on Twitter are not accurate, but I completely support people coming out and being able to have a voice because they didn’t have a voice for so long, so I don’t want to shut them down in any way. I think that it’s a good thing and I support it.

“I’m here to listen and learn and change my perspective where it’s off, and I’m completely willing and want to.”

Actress Ally Sheedy also tweeted during the Golden Globes that Franco was an example of why she left the film and television business, but she later removed that message. Sheedy worked with Franco on an off-Broadway play in 2014, but Franco told Colbert that he had no idea what he did to Sheedy and had “nothing but a great time with her.”

Franco attended the National Board of Review Awards gala in New York City on Tuesday to present his film’s adapted screenplay award. He didn’t comment on the allegations. An email seeking comment from his publicist wasn’t immediately returned.
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From: MeNeedIt

Charles Dutoit has stepped down early from his role as artistic director and principal conductor of the Royal Philharmonic following allegations of sexual misconduct.

The philharmonic said in a statement on Wednesday that the renowned conductor’s planned departure, originally scheduled for October 2019, would be effective immediately. It said the decision followed an emergency board meeting and “dialogue” with Dutoit.

Several symphonies have severed ties with Dutoit after The Associated Press reported that three opera singers and a classical musician had accused him of sexual assaults in incidents between 1985 and 2010. His office has said there is no truth to the allegations reported in December.

The Royal Philharmonic says that while the conductor explores legal avenues to defend himself, “the protracted uncertainty and media reporting makes Mr. Dutoit’s position with the orchestra untenable.”

 
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From: MeNeedIt

Britain is making known its hopes to one day join the Trans-Pacific Partnership or TPP, a free trade agreement currently being negotiated by eleven countries bordering the Pacific and the South China Sea.

The British government hopes trade with fast-growing economies will make up for losses that may occur after it leaves the European Union as scheduled in 2019.

On a recent trip to China, Britain Trade Minister Liam Fox tentatively suggested his country could one day join the TPP.

“We don’t know what the success of the TPP is going to yet look like, because it isn’t yet negotiated. So, it would be a little bit premature for us to be wanting to sign up to something that we’re not sure what the final details will look like. However, we have said that we want to be an open, outward-looking country, and therefore it would be foolish for us to rule out any particular outcomes for the future,” Fox told reporters during the trip last week.

London sits some 7,000 kilometers from any Pacific coastline. So, does geography no longer matter in 21st century trade? Not so, said Jonathan Portes, an economist and professor at Kings College London.

“There has been an argument put forward that particularly as trade in services expands, and as a result of technology, it will matter considerably less in the future, and that seems to make a lot of sense. However, unfortunately, so far at least, the actual data and evidence don’t really support this contention. For whatever reason, geography at the moment seems to matter as much as it ever did,” he said.

By leaving the European Union’s Single Market and Customs Union on its doorstep, Britain will abandon a free trade agreement that accounts for about half of its global trade. In contrast, all eleven countries currently negotiating the TPP combined accounted for less than 8 percent of British goods exported last year.

Portes said it will take decades for other trade deals to make up ground.

“Our companies are in many cases very closely integrated with the European Union, meaning that there will be substantial disruption as a result of the likely implications of Brexit.”

The countries negotiating the TPP include Chile, Australia, Brunei, Canada, Japan, Mexico, New Zealand, Malaysia, Peru, Singapore and Vietnam.

During his tenure, U.S. President Barack Obama was a driving force behind TPP, but his successor, Donald Trump, pulled the United States out of the deal, claiming it would be bad for America. Negotiations between the eleven remaining countries are progressing slowly.

“The TPP, already as a consequence of the U.S. withdrawal, has its own internal problems. And they’re going to have to work out how to get that back on track,” said Portes.

But Britain’s interest in the TPP has been welcomed by some of the parties involved, particularly Australia.

Meanwhile, British Prime Minister Theresa May is expected to visit Asia later this year in an attempt to boost ties ahead of Brexit.
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From: MeNeedIt

Venezuela’s opposition-run parliament on Tuesday outlawed a “petro” cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country’s oil reserves.

Maduro on Friday said his government would issue nearly $6 billion of petros as a way to raise hard currency and to evade financial sanctions imposed by Washington.

Cryptocurrency experts say Venezuela’s mismanagement of its own economy, combined with the ruling Socialist Party’s historic lack of respect for private property rights, will likely leave investors uninterested in acquiring petros.

“This is not a cryptocurrency, this is a forward sale of Venezuelan oil,” said legislator Jorge Millan. “It is tailor-made for corruption.”

Legislators warned investors that the petro would be seen as null and void once Maduro, who is up for re-election this year, is no longer in office. They added that the petro issue violates constitutional requirements that the legislature approve borrowing.

The Information Ministry did not immediately respond to a request for comment.

Maduro has routinely ignored the legislature since his party lost control of it in 2016, and the pro-government Supreme Court has shot down nearly every measure passed since then.

In July, the country elected an all-powerful legislative body called the Constituent Assembly, a vote that was boycotted by the opposition.

The government of U.S. President Donald Trump described the new Constituent Assembly as the consolidation of a dictatorship, and issued sanctions barring U.S. financial institutions from acquiring any debt issued by Venezuela after mid-2017.

That has effectively blocked Maduro’s government from refinancing its hefty debt burden, and would likely add to investor concern about the petro, although it was not specifically mentioned in the sanctions measure.

Maduro hopes it will serve as a payment mechanism for foreign suppliers and avoid the payments delays that have grown more acute since the sanctions went into place.

The government plans in the coming weeks to issue 100 million petros, backed by 100 million barrels of oil reserves.

The petro’s price is initially to be pegged to the value of Venezuela’s basket of oil and fuel exports, which last week closed at $59.07.
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From: MeNeedIt

Amazon.com CEO Jeff Bezos is now the richest person of all time, with a fortune of $105.1 billion, according to financial news outlet Bloomberg.

With the stock market soaring to new heights in the first few days of 2018, Bezos’ fortune rocketed upward, growing $6.1 billion in just five trading days.

That happened because most of Bezos’ wealth is contained in shares of Amazon.com, the online retail giant. Shares of Amazon rose 56 percent in 2017 and more than 6 percent since the start of this year.

Financial news trackers differ on whether Bezos is the richest man in history, or if his nearest rival, Microsoft founder Bill Gates, holds that record.

Bezos surpassed Gates briefly last year before taking the lead for good in October and crossing the $100-billion mark by November, buoyed by the holiday shopping season.

Gates is worth more than $90 billion, but financial experts say he would be worth far more if he had not given away so much in cash and shares of Microsoft to charity. Bloomberg reports that if Gates had not given away some $36 billion of stock to charity, his fortune would be worth more than $150 billion.

In addition to Amazon, Bezos’ holdings include The Washington Post and the space exploration company, Blue Origin.
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From: MeNeedIt

They’re the friendly face of North Korea, and it looks like they’re coming south to the Olympics.

With sparkling costumes and winning smiles, figure skaters Ryom Tae Ok and Kim Ju Sik could lead the North Korean team in Pyeongchang, South Korea, next month after their government said Tuesday it would send athletes to the Winter Games.

Ryom and Kim are the only North Korean athletes who have qualified for the Feb. 9-25 Olympics in Pyeongchang so far. However, the International Olympic Committee could potentially hold extra invitational spots open to symbolize togetherness between the two Koreas.

Ryom and Kim almost certainly won’t win a medal in the fiercely competitive world of pairs skating, but they’ve already won friends against a backdrop of political tension.

On their world championship debut last year in Finland, Ryom and Kim put in two spirited skates to enthusiastic applause from the crowd as they finished 15th, above one of the two U.S. pairs and a string of more experienced European competitors.

They weren’t afraid to show their feelings, either. The 18-year-old Ryom punched the air with joy on finishing the short program to a Jeff Beck cover of The Beatles classic A Day in the Life.

Ryom and her partner, Kim, embraced in their matching silver-and-black costumes before soaking up the crowd’s cheers and skating off to celebrate with their coaches.

Rarely seen abroad, they have given little away about their lives, other than that they train in the North Korean capital, Pyongyang. At the world championships, Kim said he was keen to take part in “a big competition” when asked about the Olympics through a translator from his team. They wouldn’t talk about visiting South Korea and walked away when asked about their choice of music.

Previous boycott

North Korea was far from certain to compete in Pyeongchang. It boycotted the only other Olympics hosted in South Korea, the Seoul Games of 1988, and often has skipped the Winter Olympics entirely.

It hasn’t won a winter medal since 1992 and its last team, in 2010, consisted of just one figure skater and one speed skater, neither of whom came close to the podium.

By contrast, North Korea punches above its weight in the Summer Olympics. It won seven medals across weightlifting, gymnastics, shooting and table tennis in 2016.

Even with a deal for North Korea to compete in Pyeongchang, the two Koreas and the IOC face some thorny issues of protocol.

Flags, anthems and the opening ceremony all will require delicate negotiation.

At the games themselves, any slip-up could spark a diplomatic incident. The North Korean women’s soccer team walked off the field at the 2012 Olympics when the South Korean flag was mistakenly shown in a pre-game video package.

North and South Korean athletes have marched together at some previous Olympics during periods of warmer relations between the two governments, and South Korea has suggested a repeat in Pyeongchang. If they march separately, the South Korean team would massively outnumber the North Koreans.
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From: MeNeedIt