Skip to main content

Keystone Pipeline Gets Rejected

Keystone Pipeline Gets Rejected - President Barack Obama on Wednesday rejected plans for a massive oil pipeline through the heart of the United States, ruling there was not enough time for a fair review before a looming deadline forced on him by Republicans. His move did not kill the project but could again delay a tough choice for him until after the November elections. Right away, the implications rippled across the political spectrum, stirred up the presidential campaign and even hardened feelings with Canada, a trusted U.S. ally and neighbor. For a U.S. electorate eager for work, the pipeline has become the very symbol of job creation for Republicans, but Obama says the environment and public safety must still be weighed too. What the Keystone XL pipeline would mean for the US The plan by Calgary-based TransCanada Corp. would carry tar sands oil from western Canada across a 1,700-mile (2,735-kilometer) pipeline across six U.S. states to Texas refineries. Obama was already on record as saying no, for now, until his government could review an alternative route that avoided environmentally sensitive areas of Nebraska — a route that still has not been proposed, as the White House emphasizes. But Obama had to take a stand again by Feb. 21 at the latest as part of an unrelated tax deal he cut with Republicans. This time, the project would go forward unless Obama himself declared it was not in the national interest. The president did just that, reviving intense reaction. Keystone Pipeline Gets Rejected
Labels:

Comments

Post a Comment

Popular posts from this blog

Contactless Debit Cards

Contactless Debit Cards - Contactless debit cards will make their formal debut in Canada next year with the launch of Interac Flash from Acxsys Corp.’s Interac Association, Canada’s national debit network. Interac’s first two Flash issuers are Scotiabank and RBC Royal Bank, which will roll out their first contactless cards next summer. The first acquirer is TD Merchant Services, a unit of Toronto-Dominion Bank. More issuers and acquirers are on the way, an Interac spokesperson tells Digital Transactions News, though no announcements have been made yet. Interac and the banks tested Flash this summer at some high-volume, small-ticket merchants in downtown Toronto. The spokesperson expects national merchants will be making formal announcements about acceptance. “There’s a lot of excitement in the merchant community,” she says. “Merchants are looking for that faster throughput.” In a statement, the Retail Council of Canada endorsed the new card. “Interac Flash is a welcome and needed ...
Post a Comment
Read more

Homes Losing Value Fastest

Homes Losing Value Fastest - Homeowners with Citigroup loans in foreclosure-rich Virginia Beach, Va., and Orlando, Fla., are in luck. The mortgage giant announced today that it will impose a moratorium on most foreclosures and modify $20 billion in mortgages to enable homeowners who are not behind on their loans, but in danger of falling behind, to avoid foreclosure. Those that don't fall under the plan? They're in hot water. Well, underwater. Virginia Beach homeowners who bought homes this year possess a paltry 5.2% of home equity, and 34.5% owe more on their property than it's worth, according to Zillow.com, a real estate research group. That's the worst rate in the country. Even in Orlando and Miami, two cities hammered by bad loans and home-equity dips, only 30% and 29% of homeowners are underwater, respectively. It's a similar story in El Centro, Calif., Bakersfield, Calif., and Cumberland, Md. What's certain to follow? Foreclosures. "Negative...
1 comment
Read more

'Ferris Bueller's Day Off' Home on the Market for $1.65M

'Ferris Bueller's Day Off' Home on the Market for $1.65M - "Ferris Bueller's Day Off" fans listen up! A home from the iconic '80's film is on the market for $1.65 million, reports the Huffington Post. Starring as the modern digs of character Cameron Frye in the movie, the glassy house is located in Highland Park, Illinois and has been on the market for a little over a year. More photos reveal the glass-wrapped home features floor-to-ceiling windows overlooking a spacious tree-filled lot, according to the listing on Realtor.com. 'Ferris Bueller's Day Off' Home on the Market for $1.65M With four bedrooms, three bathrooms and 5,300 square feet of living space, the home served as the setting for the oddball hijinks in the 1986 film. Architects A. James Speyer and David Haid designed the house, built in 1953, with a specialty glass-enclosed garage to store Ben Rose's collection of vintage cars, reported Luxist.com when the home or...
Post a Comment
Read more