The Department of Transportation’s plan to privatize many public roadways by using more tolls has come under intense criticism by those who believe the federal highway system was set up to be paid for by taxpayers, the Washington Post reported Monday.
March 17, 2008Business, Safety, Government, Technology, Equipment
DOT’s Road-Privatization Policy Draws Criticism
Government, Business
Chicago Mercantile Exchange Buying Nymex for $9.5 Billion
The parent company of the Chicago Mercantile Exchange and the Chicago Board of Trade said Monday it would buy the owner of the New York Mercantile Exchange for $9.5 billion, the Associated Press reported.
March 17, 2008Business, Government
Fed Cuts Lending Rate in Move to Stem Market Slide
The Federal Reserve Sunday cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds, Bloomberg reported.
March 17, 2008Government, Business, Safety, Fuel
Diesel Jumps to $3.819 a Gallon
The U.S. average retail diesel price broke its record high for the third straight week, surging to $3.819 a gallon and topping $4 a gallon in some places, pushed by soaring crude oil prices that also set all-time highs and closed above $110 a barrel for the first time in history.
March 17, 2008Government, Business, Safety, Fuel
EPA Sets Emissions Standards for Trains, Ships
Railroad locomotive engines and marine vessels will be subject to new clean air standards that would sharply reduce particulate and nitrogen oxide emissions, the Environmental Protection Agency said Friday.
March 14, 2008Business, Government
Diesel, Gas Pump Prices Continue to Soar
Retail gasoline and diesel prices, along with heating oil futures set new record highs Friday, the Associated Press reported.
March 14, 2008Government, Business
Mack Introduces ‘Titan’ Truck and New Engine
Mack Trucks Wednesday introduced a large new diesel engine and a new truck, which it said was the most powerful truck the company has ever made.
March 14, 2008Business, Government
Consumer Confidence Falls to 16-Year Low
U.S. consumer confidence fell to a 16-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index, released Friday.
March 14, 2008Business, Government
CPI Unchanged in February
The consumer price index was unchanged in February, the Labor Department said Friday.
March 14, 2008Government, Business, Safety, Fuel
EPA Sets New Ozone Standard
The Environmental Protection Agency reduced its primary eight-hour ozone standard to 0.075 parts per million from 0.084 ppm to comply with the requirements of the Clean Air Act.
March 14, 2008