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EPA to reject Obama fuel efficiency standards early next week

“When fuel rules were written in 2011 amid high gas prices, fuel efficiency was the second highest attribute considered by Toyota buyers, Lentz said” reports autoblog.com. Auto industry executives have not publicly sought specific reductions in the requirements negotiated with the Obama administration in 2011.Two administration officials and several automakers told Reuters the timing of proposing specific revisions to existing fuel economy standards and emissions limits remains in flux.Overall, the Obama rules called for roughly doubling by 2025 to about 50 miles (80 km) per gallon the average fuel efficiency…

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Syrian army command says it has regained most of eastern Ghouta

“AMMAN (Reuters) – The Syrian army command said on Saturday it had regained most of the towns and villages in eastern Ghouta and was pressing its military operations in the last rebel bastion of Douma” writes Midwest Communications Inc for 95kqds.com. The Russian-backed offensive in eastern Ghouta has killed more than 1,600 civilians and thousands of wounded, rescuers said.The Syrian army has repeatedly said regaining control over rebel-held suburbs would stop rocket attacks on the capital.The authorities say about 150,000 people have now been displaced from eastern Ghouta. Source: 95kqds.com Share…

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President Trump accuses Amazon of scamming the USPS

“In his second tweet, the president says that the retailer is taking advantage of the USPS, saying that Amazon is scamming the agency” writes Mar Edt for theverge.com. The Post says that while it is owned by the Amazon CEO, it operates independently of the retailer.The President followed up with a tweet on March 29th, saying that Amazon was taking advantage of the USPS, paying little in state and local taxes, and putting retailers out of business. Source: theverge.com Share This:

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Markets News 

Musk’s Tesla faces a cash crunch as it confronts a suddenly skeptical Wall Street

“In March, shareholders approved a mammoth 10-year pay-for-performance incentive plan for Musk” writes Russ Mitchell for latimes.com. The official value of the plan is $2.6 billion, but Musk in fact could make as much as $55 billion if he can raise Tesla’s market value to $650 billion. He has to more than double the current $45 billion market value to $100 billion to get anything at all. Source: latimes.com Share This:

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The White House is now saying that VA Secretary David Shulkin actually resigned and wasn’t fired

“Secretary Shulkin resigned from his position as Secretary of the Department of Veterans Affairs,” a White House spokesperson told Politico in response to questions about President Donald Trump’s legal authority to appoint Shulkin’s replacement” writes Brennan Weiss for businessinsider.com. On Wednesday, Trump announced on Twitter that he intended to nominate Admiral Ronny Jackson, the official White House physician, as the new secretary of the VA. Defense Department official Robert Wilkie, Trump said, would lead the department in the interim.But if an official is fired, as Shulkin claims he was, it’s…

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Salisbury attack shows Putin’s arsenal poses a serious threat, says Gavin Williamson

“Russia’s “cold-blooded” attack on a former double agent on British soil shows that Vladimir Putin’s development of new long-range missiles and nuclear weapons should be taken as a serious threat, the Defence Secretary has said” writes Shanker Singham for telegraph.co.uk. Writing for The Telegraph, Gavin Williamson alludes to a warning he made about Russia’s nuclear arsenal, before the poisoning was linked to Moscow, stating: “If we were in any doubt of the danger posed by Moscow, we only have to look at events in Salisbury.”. In an article marking the…

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Police rolling out technology which allows them to raid victims phones without a warrant 

“Police forces across country have been quietly rolling out technology which allows them to download the entire contents of victim’s phone without a warrant” writes Gavin Williamson for telegraph.co.uk. A phone search is far more exhaustive, because of the vast amount of personal data that we now store on our devices.”. Privacy campaigners are calling for a change in the law to force the police to obtain a warrant before they using extraction technology. Source: telegraph.co.uk Share This:

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GBP News 

EU in control after securing UK concessions over Brexit and offering ‘little in return’

“Britain must take a tougher approach to the Brexit negotiations, as until now the EU has pocketed a series of UK concessions and “offered little in return”, a senior trade expert has warned” writes Shanker Singham for telegraph.co.uk. In an article for Telegraph.co.uk, Shanker Singham, a former US trade adviser whose advice has been sought by cabinet ministers, senior civil servants and backbenchers, states that the UK needs a “paradigm shift in mindset”, to “start acting like the independent nation that we are about to become.”.  Source: telegraph.co.uk Share This:

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US hedge fund rescue stops Avanti from
 crash landing

“A clutch of Wall Street hedge funds have staged a last-ditch rescue of stricken UK satellite operator Avanti Communications, saving the debt-laden firm from almost certain collapse” writes Liam Halligan for telegraph.co.uk. Lawyers for Avanti said that without the intervention of its lenders, the company would face administration or liquidation in the coming months.A complex debt-for-equity swap deal that will see the troubled business end up in the hands of specialist vulture funds was approved by a High Court judge last week after the company pleaded for help. Source: telegraph.co.uk Share…

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