‘Too much pressure on the brakes’
The U.S. central bank may be rethinking its decision to keep borrowing costs unchanged earlier this week after a government report on Friday showed the job market slowed sharply last month. The Labor Department reported that payrolls rose by just 114,000 in July, sending the unemployment rate up to 4.3%, signaling an unexpected deterioration in […]
Dem Gov Signs Bill Putting Brakes On Green Energy Tech Being Pushed By Biden Admin
Democratic Illinois Gov. J.B. Pritzker signed legislation into law on Thursday regulating new carbon capture sequestration (CCS) projects in the state. The law, commonly referred to as the Safe CCS Act, places a two-year moratorium on the construction of carbon dioxide pipelines until either July 2026 or until the Federal Pipeline and Hazardous Materials Safety […]
Albany pumps the brakes on MTA funding plan in rebuke of Hochul’s move to ditch congestion pricing
Albany city council members on Friday put the brakes on a final round of funding for the MTA in a sharp rebuke of Gov. Kathy Hockal’s sudden move to eliminate congestion pricing. State Senate Majority Leader Andrea Stewart-Cousins said lawmakers would leave the state and end the legislative session without an agreement to replace $1 […]
Kathy Hochul got it half right with her late awakening to slam the brakes on NYC congestion pricing
Governor Hawkle gets the point, even if he doesn’t understand the principle behind it. Still, her batting average is .500, making her a very good politician. The Governor’s decision to slam the brakes on the congestion tax is a surprising about-face, and seems even more so considering he waited until just 25 days before the […]
Hochul pumping brakes on congestion pricing could ease pressure on Democrats in tough contests
Gov. Kathy Hochul (D-NY) is debating delaying congestion pricing after recent uproar over it, fearing it could hurt Democrats in competitive House elections. The proposal, which will charge drivers entering parts of Manhattan starting June 30, has been the subject of numerous lawsuits and is unpopular among a majority of New Yorkers. Hochul’s hesitation is […]
Hochul admin quietly puts brakes on alleged ‘predatory’ cannabis funding program
The Hochul administration has quietly put the brakes on a multimillion-dollar fund designed to help underprivileged people open cannabis stores, instead creating a predatory and potentially draining state fund. It is said that last month, bomb report Officials with the Department of State Dormitory Services (DASNY), which oversees the funding program, are working with private […]
Mercedes pumps the brakes on EV goals after profits drop
David Tracey, a former automotive engineer and car enthusiast, said the market has spoken and not everyone is ready to move to fully electric cars. Mercedes-Benz The company this week acknowledged that its goal of producing only electric cars has not worked out as well as it had hoped, amid declining profits, and reiterated that […]
Powerful Dems Trying To Pump The Brakes On TikTok Bill Have Former Staffers Lobbying For The App
Several Democratic lawmakers have expressed hesitation about a bill that would ban TikTok in the U.S. unless it is sold from its Chinese parent company, but former staffers are lobbying on behalf of the app. Democratic Sen. Maria Cantwell of Washington, Sen. Ron Wyden of Oregon, and Sen. Patty Murray of Washington state are all […]
Biden Pumping Brakes on EV Mandates Before 2024 Election
President Joe Biden reportedly plans to put the brakes on mandating electric vehicles (EVs) for Americans just months before the 2024 presidential election. In 2023, the Biden administration issued regulations requiring U.S. automakers to make nearly seven out of 10 new cars sold in the U.S. electric rather than gasoline-powered by 2032. This regulation would […]
Federal court jams brakes on Biden admin’s effort to shut down major petrochemical plant
A U.S. district court has granted the federal government’s request to indefinitely halt a case involving a major petrochemical plant in Louisiana. This despite claims by the Biden administration that the facility poses an imminent health threat. In a ruling late Friday, Judge Carl Barbier of the U.S. District of Eastern Louisiana abruptly canceled oral […]