Law & Regulation
After more than six years of wrestling with the question of whether meat and milk from cloned animals and their offspring are safe to eat, the Food and Drug Administration is expected to declare as early as next week that they are. The food industry appears to be divided over the issue.
A damning report on Mittal Steel's acquisition of an impoverished African country's iron ore reserves is published today, accusing the world's largest steelmaker of offering an inequitable "raw deal" that has created an unaccountable "state within a state".
Capita, a UK outsourcing company, sent text messages to thousands of people in the UK, asking them to leave the country, as part of a privatized deportation scheme. Unfortunately hundreds of people that they targeted were in the country legally.
Gilead Sciences Inc., a California based pharmaceutical company, has avoided paying $10 billion in taxes by moving its patents to Ireland. This is despite the fact that one of its most profitable drugs was developed with U.S. taxpayer money, according to a new report from Americans for Tax Fairness.
Municipal Wi-Fi has the potential to be a viable alternative for people sick of the same choices when it comes to Internet access But with powerful corporate interests opposing it and a disinterested Congress, the road ahead is rough.
One question has vexed the Obama administration and Congress since the start of the financial crisis: how to prevent big bank bailouts. In the last year and a half, the largest financial institutions have only grown bigger, mainly as a result of government-brokered mergers. They now enjoy borrowing at significantly lower rates than their smaller competitors, a result of the bond markets' implicit assumption that the giant banks are "too big to fail."
Residents took to the streets of Chengdu to protest a $5.5 billion ethylene plant under construction by PetroChina, reflecting a surge in environmental awareness by urban, middle-class Chinese determined to protect their health and the value of their property.
The Cornucopia Institute, the nation's most aggressive organic farming watchdog, has filed a formal legal complaint with the USDA asking them to investigate allegations of illegal "organic" food distribution by Wal-Mart Stores, Inc. Cornucopia has documented cases of nonorganic food products being sold as organic in Wal-Mart's grocery departments.
HSBC, one of the world's largest banks, has been accused of laundering money for Mexican drug cartels. At a hearing conducted by the U.S. Senate earlier this week, David Bagley, HSBC's head of compliance, apologized and resigned.
A formal complaint has been filed against Uber, the car ride company, by the Electronic Privacy Information Center (EPIC), a non-profit advocacy group. The NGO says Uber plans to use their smart phone app to access user's locations at all times, and to send advertisements to user's contact lists.