Economy & Business

House Passes Bill To Let Treasury Target Nonprofits It Deems "Terrorist"

"The U.S. House passed legislation Thursday that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism, alarming civil liberties groups about how a second Trump presidency could invoke it to punish political opponents."

Source: AP, 11/26/2024

FCC's Carr Says ’60 Minutes’ Complaint “Likely To Arise” in Merger Review

"Brendan Carr, Donald Trump‘s pick to serve as chairman of the FCC, said that the agency would examine a complaint over the way that 60 Minutes edited an interview with Kamala Harris as it reviews the merger of Skydance with Paramount Global, the parent company of CBS."

Source: Deadline, 11/26/2024

"Congress Poised For Another Farm Bill Punt After Senate Nonstarter"

"House Republicans rejected a farm bill proposal by Senate Agriculture Committee Chair Debbie Stabenow (D-Mich.) this week, increasing the likelihood that lawmakers will pass another one-year extension of the massive legislation by the end of the year rather than a new, longer-term measure."

Source: The Hill, 11/25/2024

"The World Seeks an End to Plastic Pollution at Talks in South Korea"

"Many nations hope to reduce the half a billion tons of plastic made each year. But pushback from plastic and oil producers, and Donald Trump’s election, could scuttle an agreement."

Source: NYTimes, 11/25/2024

"Climate Talks End With a Bitter Fight and a Deal on Money"

"The financing plan, which calls for $300 billion per year in support for developing nations, was immediately assailed as inadequate by a string of delegates."

"Negotiators at this year’s United Nations climate summit struck an agreement early on Sunday in Baku, Azerbaijan, to triple the flow of money to help developing countries adopt cleaner energy and cope with the effects of climate change. Under the deal, wealthy nations pledged to reach $300 billion per year in support by 2035, up from a current target of $100 billion.

Source: NYTimes, 11/25/2024

Five Firms In Alliance ‘Made 1,000 Times More Plastic Than They Cleaned Up’

"Oil and chemical companies who created a high-profile alliance to end plastic pollution have produced 1,000 times more new plastic in five years than the waste they diverted from the environment, according to new data obtained by Greenpeace."

Source: Guardian, 11/21/2024

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