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News reports from around the world.
Germany’s government greenlights the country’s fiscal year 20205 budget
( ) -q-21- UNDATED (Correspondent Jeremy House) “the political right.”
The German government has agreed on a budget for 2025 and a stimulus package for Europe’s largest economy.
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TAG: Correspondent Jeremy House reporting.
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GOP Unlikely To Support Using 25th Amendment To Remove Biden
Foreign Policy Expert: Hamas Leader Sinwar “Not A Practical Thinker”
New-vehicle sales barely rose in Q2 amid still-high prices
( ) -q-29- UNDATED (Correspondent Jeremy House) “do sales paperwork.”
U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices.
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TAG: Correspondent Jeremy House reporting. Analysts say inventories on dealer lots is building, especially for pickup trucks and other higher-priced vehicles.
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VERBATIM: Auto industry analysts predict that still-lower prices are coming and suggest buyers consider waiting for better deals. Overall, Motorintelligence.com says U.S. sales were up only 0.1% compared to a year ago, as still-high prices kept many potential buyers out of the market. Sales were crimped in late June, when cyberattacks knocked out software from CDK Global that dealerships use to do sales paperwork.
Google falling short of important climate target, cites AI electricity needs
( ) -q-21- UNDATED (Correspondent Jeremy House) “on data centers.”
Google, which has an ambitious plan to address climate change with cleaner operations, came nowhere close to its goals last year.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: According to the company’s annual Environmental Report, instead of going down, its emissions grew 13% in 2023. The tech giant’s total energy consumption has more than doubled since 2019. Google attributes the increase to artificial intelligence and the demand it puts on data centers.
Tesla sales fall for second straight quarter despite price cuts
( ) -q-25- UNDATED (Correspondent Jeremy House) “analysts had expected.”
Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers.
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TAG: Correspondent Jeremy House reporting. Demand for EVs worldwide is slowing, but still growing for most automakers. Tesla, with an aging model lineup and relatively high average selling prices, has struggled more than other manufacturers but retained its title of being the electric vehicle sales leader in the U.S. and across the world.
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VERBATIM: It’s another sign of weakening demand for the company’s products and electric vehicles overall. The Austin, Texas, company says it sold nearly 444-thousand vehicles from April through June. That’s down 4.8% from 466,140 sold the same period a year ago. But the sales were better than the 436,000 that analysts had expected.
Republican Ads Link Democrat Candidates To Biden’s Debate Stumbles
Senator Tom Cotton: Policies, Not Poor Health, Biden’s Biggest Liability
Former State Dept Official: Israel “Hoping For The Best” in U.S. Election
Judge pauses Biden’s delay of consideration of gas export projects
( ) -q-21- UNDATED (Correspondent Jeremy House) “natural gas projects.”
A Louisiana judge says the Biden administration can’t delay consideration of projects aimed at exporting liquefied natural gas while a legal challenge plays out in federal court.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: U.S. District Judge James Cain, Jr. has granted a preliminary injunction that puts the Biden administration’s delay on hold. He sided with 16 states that sued the federal government earlier this year, saying the states will likely succeed in their case. He cited evidence submitted by the plaintiffs that showed loss of revenues and deferred investments in natural gas projects.
Biden administration proposes rule for workplaces to address excessive heat
( ) -q-26- UNDATED (Correspondent Jeremy House) “factories and kitchens.”
The Biden administration is proposing a rule aimed at addressing excessive heat in the workplace.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: The proposal comes as tens of millions of people in the U.S. are under heat advisories due to blistering temperatures. If finalized, the measure would protect an estimated 36 million U.S. workers from injuries related to heat exposure on the job. Those affected by excessive heat in the workplace include farmworkers, delivery and construction workers, landscapers, gardeners as well as workers in warehouses, factories and kitchens.
Inflation is down in Europe, but the European Central Bank is slow to cut rates
( ) -q-22- UNDATED (Correspondent Jeremy House) “inflation to land.”
Inflation is on the way down in Europe.
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TAG: Correspondent Jeremy House reporting. The central bank’s president made clear in a speech that it will take time to make sure inflation is headed down for good. The bank has made one rate cut to help the economy grow. But analysts say that more cuts are off the table at least until the bank’s September meeting.
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VERBATIM: Whiel the report is good news, it’s not good enough for the European Central Bank to cut interest rates just yet. The figure of 2.5% for June was down a bit from the month before. That’s well down from the peak in double digits. But it just shows how consumer price increases are stuck above 2%. And that’s where the ECB wants inflation to land.
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Uber and Lyft agree to pay drivers $32.50 per hour in Massachusetts settlement
( ) -q-21- UNDATED (Correspondent Jeremy House) “the two companies.”
Massachusetts Attorney General Andrea Campbell says drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour under a settlement.
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TAG: Correspondent Jeremy House reporting. Campbell adds the settlement also stops the threat of Uber and Lyft’s attempt to rewrite state employment law by a proposed 2024 ballot initiative.
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VERBATIM: The two companies will also be required to pay a combined $175 million to the state to resolve allegations that the company violated Massachusetts wage and hour laws. A substantial majority of of that amount will be distributed to current and former drivers. Campbell says the settlement resolves her office’s yearslong litigation against the two companies.
US sanctions Boeing for sharing information about 737 Max 9 investigation
( ) -q-24- UNDATED (Correspondent Jeremy House) “in Portland, Oregon.”
Boeing is being sanctioned by U.S. investigators for sharing information about the 737 Max 9 door plug investigation.
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TAG: Correspondent Jeremy House reporting. During the incident, a panel that plugged a space left for an extra emergency door blew off an Alaska Airlines Max 9. Pilots were able to land safely, and there were no injuries.
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VERBATIM: The National Transportation Safety Board says Boeing “blatantly violated” the agency’s investigative regulations. The NTSB says Boeing also violated a signed agreement by providing non-public investigative information to the media. Boeing is accused of speculating about possible causes of the January fifth door plug blowout on a company passenger jet in Portland, Oregon.
Walgreens to take a hard look at underperforming stores, could shutter hundreds more
( ) -q-20- UNDATED (Correspondent Jeremy House) “those 21-hundred stores.”
Walgreens is finalizing a plan to fix its business that could result in the closure of hundreds of additional stores in the next three years.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: CEO Tim Wentworth says “changes are imminent” for about 25% of the company’s stores, which he claims are underperforming. The drugstore chain currently runs more than 8,600 stores in the United States. Wentworth said the company’s plan could include the closing of a “significant portion” of those 2,100 stores.
