Day: May 8, 2018

Trump's renewed economic sanctions on Iran heightens risks for global oil prices and U.S. consumer spending

The resumption of what Trump called the “highest level of economic sanctions” against Iran will take place over the next several months. But regulatory uncertainty could cause some importers of Iranian oil to cut shipments immediately, particularly allies such as Japan and South Korea, said Paul Sheldon, chief geopolitical advisor Read More

Mick Mulvaney doesn't want to show you complaints against banks that backed his campaigns, report says

Equifax, the credit reporting firm that is under investigation by the CFPB after a massive data breach last year that exposed the sensitive data of millions of people, has received the most complaints — 83,252, according to Public Citizen’s analysis. Equifax’s political action committee contributed $5,000 to Mulvaney’s campaigns. An Read More

Offshore wind farms are planned for California — but the Navy says no to large sections of the coast

The complex encompasses more than 120,000 square miles of sea space for training, equipping and maintaining combat-ready forces, “supporting the largest concentration of naval forces in the world,” Chung said. The area also is used by the Marine Corps, the Air Force (Vandenberg Air Force Base is near Lompoc) and, Read More

AEG proposes $1.2-billion expansion of L.A. Convention Center and JW Marriott hotel

The funding proposal for the $500-million convention center expansion relies on a public-private partnership model that has been used for other big public developments. AEG’s partner, Plenary Group, a Los Angeles infrastructure-development and investment business, specializes in public-private partnerships. It participated in a $1-billion convention project in Melbourne, Australia, funded Read More