The British oil company BP could not get in the future to permit oil production in the U.S. coast, provides an energy bill passed yesterday by the lower house of U.S. Congress. The reason for this may be the low level of safety in the company led to the spill in the Gulf of Mexico,. The measure is far from becoming law and is not yet considered by the Senate. However, so called. Miller Amendment puts pressure on BP, which is a magnifying glass by legislators who wish to punish for safety problems. The Senate, in turn, discussed his reform package, which does not include an explicit ban on production by BP. The measure may ultimately fall within the law during the final negotiations between the two chambers of Congress, but under most lobbyists is unlikely. Amendment is part of wider legislation on drilling, which was approved by 209 votes against 193. It provides new safety standards for offshore production, including independent certification of equipment, more thorough inspections and tougher penalties for breaches of safety.
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The U.S. economy has made in the right direction but not fast enough. It said the president of the country Barack Obama after the publication of data on the labor market in June, which contributed to fears that the recovery is delayed, AFP reported. The Data of the Ministry of Labor indicated that last month the U.S. economy lost jobs for the first time since December. But Obama tried to be positive. “Our economy has created nearly 600 thousand jobs in the private sector this year,” he said. “We are headed in the right direction, but we have not made fast enough for most Americans. We have not made fast enough for me, “he said. The president promised to do everything in their jobs.
The US economy is recovering from the financial crisis and the expecting for the future economy growing is positive. It was mentioned twice from Obama, that USA will follow economy growing in each case and each price. The US government invested large value of money for developing of the key companies for the economy.
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The U.S. lawmakers prepared historic “renovation” of financial regulation on the eve of a meeting of leaders of G-20, which will be discussed financial reforms, officials said. Discussions continued over 21 hours. In recent times the debate was reached agreement on the most controversial elements of the project, which restrict derivatives transactions by banks. However, banks will be able to retain most of its activities related to trade swaps and will be dealt with small investments in hedge funds and in equity for such investments. The reform must be finally approved by both chambers of Congress before President Obama to sign, making it that way in law. This gives Wall Street one last chance to step up its army of lobbyists in Congress. Reform is expected to be approved quickly and Obama to sign up July 4th. Despite the agreed concessions, the bill was actually more severe than its original version in the course of his year-long discussion. It will significantly change the U.S. financial sector. It creates a new regulator for consumer protection and the already existing financial regulators be given the right to refer a distressed financial companies before their problems have caused harm to the economy.
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The rate of Chinese yuan against the dollar, the bilateral economic cooperation and eliminate barriers to it, Iran and North Korea – these were the first topics that spoke to leaders from the U.S. and China participating in the two-day US-China Strategic Economic Dialogue and the High Level Chinese capital, transmit news agency. U.S. Secretary of State Hillary Clinton urged China to work with the UN coordinated response to the actions of North Korea accused South Korean sinking of the battleship at the end of March forward AP. Opening two days of US-Chinese high-level talks in Beijing, Clinton said he should be held accountable by Pyongyang about the tragic accident claimed the lives of 46 South Korean sailors who, under international investigation, was caused by a torpedo, launched from North Korean submarine. China is the main ally of North Korea and now remains neutral on the issue. Call Clinton a serious challenge what happened and urged Pyongyang to stop its provocative actions. Clinton on the occasion of Iran expressed the view that the draft resolution with new penalties on the Security Council, supported by China, will send a clear signal to Tehran, AFP reported. The message of this project is to Iran: perform its obligations or face growing isolation and the consequences thereof, Clinton warned. On the first day of summit talks in Beijing, U.S. Minister of Finance Timothy Gaytnar urged Beijing to reduce trade barriers and to develop a more balanced economy, Reuters reported.
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Great success has made anti-piracy activities at all levels in the U.S. in recent days. On May 12, U.S. federal court ordered a decree against the popular website for sharing Limewire. Authorities said the site liable for massive copyright infringement by a decision of the case brought by the American record industry (RIAA). Earlier this month did the court of appeal decided that allegations of copyright infringement, the identity of users behind the IP addresses must be communicated to the parties concerned. That will help ISPs and consumers tens of America have already been given to the court for unauthorized file sharing. Both decisions are accepted as decisive for the music industry and expect to find resonance in other cases against file sharing in the U.S. and worldwide. “We welcome the decisions of the U.S. legal system once again proved that sharing files without permission from rightholders is a crime,” said the Bulgarian Association of Music Producers (BAMP). “Both cases are key – one condemns sharing site file, which is responsible in mass copyright infringement. The authorities considered that their action Limewire is doing a turnover of several dozen million dollars, while 93% of the files that are shared by him violate copyrights. In another case the court ruled that the right to anonymity on the Internet can not be protected, after that anonymity is used for copyright infringement.
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The Japanese carmaker Toyota will pay a record fine of 16.4 million dollars, announced Bloomberg, citing a source from the transport ministry in the U.S. as the official report on this will be announced later. The fine was imposed by the regulatory authority of the ministry since, the company has not signaled a time for problems with the throttle, which led to serious incidents. According to laws in the U.S. company that finds problems with the safety of cars offered, must, within 5 days to notify authorities. Toyota e done so only after 4 months. Meanwhile, the company is facing 180 cases of customers and shareholders. Recalled that during the first months of the year, Toyota recall more than 8 million cars that had problems leading to unwanted acceleration. From Bloomberg noted that the fine could reach 13.8 billion dollars and if there was no restriction imposed limit her amount is as high as 2.3 per million vehicles withdrawn provides a fine of 6 thousand dollars.
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The largest commercial bank in the U.S. – Bank of America returned to profit after three consecutive quarters of red territory since it acquired investment bank Merrill Lynch has realized good results and allocation provisions for bad loans fell. The positive financial result for the first quarter amounted to 3.18 billion dollars or 28 cents a share before distribution of dividends. A year ago when it was last quarter in which Bank of America reports profits she had amounted to 4.25 billion dollars. The results were better than analysts’ expectations, notes Bloomberg. Yesterday, shares of the bank closed at a level of 19.48 dollars or more than 6 times the level in March 2009 when it was imminent danger of nationalization of the financial institution. Several days ago the biggest competitor of the U.S. bank JP Morgan Chase announced yet another quarter, which ends with profit.
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The U.S. government wants to impose a record fine of Toyota’s big because it “for several months” is covered up problems with the pedal to throttle some of its models, ignoring the risk for drivers, police said. Expected to be announced today, the decision imposing the penalty in the amount of 16.375 million dollars. Japanese have a period of two weeks to decide whether it intends to pay the fine. If you refuse and fail to reach agreement with U.S. regulators, the company provides the procedure to be indicted. If the fine is confirmed, it will be the largest penalty attributed to the U.S. carmaker. The investigation against Toyota started on February 16, the objective was to determine whether the company is late with the announcement of the observed problems in some of its cars. The rules in this area provide if the manufacturer finds a problem, to notify him within five days of the establishment of the defect. According to investigators the Japanese group was “over the issue for months and did not take the necessary measures to protect millions of drivers and their families,” said Transport Minister Ray American Lahuud.
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Investment group of billionaire Warren Buffett’s Berkshire Hathaway is the company with the best reputation in the U.S., study shows Harris Interactive. The study cited by Reuters, were involved nearly 30 thousand Americans in the period December 29, 2009 – 15 February 2010 whether their views on a total of 60 companies. At the same time, after the worst recession in the country since the Great Depression in the 30’s of last century, which forced Washington to spend billions to save the financial groups considered responsible for the crisis, the reputation of the business as a whole has deteriorated sharply. According to 81 percent of respondents financial sector has “poor” or “catastrophic” reputation at this time. However, this result represents a slight improvement over last year’s survey data. Then these two answers have 88 per cent of respondents. It is not surprising that among the companies concerned in this regard are American International Group (AIG) and Citigroup – the two giants, respectively, insurance and banking, which received tremendous financial aid from the state. Sectors that enjoy a better assessment are technological, tourism and distribution. Conversely, the worst think of financial services companies, growers and manufacturers.
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One of the longest Papers bills in the U.S. in the last year – that of health care reform passed its most difficult test. Yesterday the U.S. House of Representatives Parliament approved the text of the law providing for the state to finance health care for more than 32 million uninsured citizens at that time. According to calculations made in the next 10 years the new health insurance system will cost U.S. taxpayers 920 billion dollars. The United States remains capable of great things Barack Obama said the president shortly after the House approved a historic reform. Obama argues that voting is a new stone, lay a solid foundation in the American dream. ” “Tonight we have the burden of policy prevailed, and all our specialists have argued that this is not possible,” he said, smiling, but distantly. The U.S. President congratulated the congressional that have approved the most profound reform in the health system since the mid 60-ies of the 20 th century. I know that this was not an easy vote, but it was correct, he said. Obama pointed out that “it is not radical reform, but reform is very important. “This law will not fix all the problems of our health care system,” he admitted, but expressed confidence that the package “moves us in the right direction.”
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