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Government, Business, Fuel

Dems Scrutinize Abandoned Offshore Oil Equipment

A containment boom at Talbert Marsh during an oil spill in Huntington Beach, Calif. A containment boom at Talbert Marsh during an oil spill in Huntington Beach, Calif. (Ariana Drehsler/Bloomberg News)

House Democrats began making the case Oct. 14 for stricter regulation of thousands of abandoned wells, platforms and pipelines off the U.S. coasts following one of the biggest offshore spills in California in nearly 30 years.

Ari Natter | Bloomberg News
October 14, 2021
Government, Business

Wholesale Prices Rose Record 8.6% Over 12 Months

women sewing Employees sew fabric at a furniture manufacturing facility in Hickory, N.C. (Logan Cyrus/Bloomberg)

WASHINGTON — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010.

Martin Crutsinger | Associated Press
October 14, 2021
Government, Business

Unemployment Claims Fall to Lowest Level Since Pandemic

hiring sign David Zalubowski/AP

WASHINGTON — The number of Americans applying for unemployment benefits fell to its lowest level since the pandemic began, a sign the job market is still improving even as hiring has slowed in the past two months.

Christopher Rugaber | Associated Press
October 14, 2021
Government, Fuel

Biden Aides Meet on Rising Fuel Prices

Jennifer Granholm Jennifer Granholm by Stefani Reynolds/Bloomberg News

Top administration officials met the evening of Oct. 12 to discuss rising gasoline and natural gas prices, as President Joe Biden faces intensifying pressure to keep a lid on inflation that threatens the economic recovery and Democrats’ political ambitions.

October 13, 2021
Government, Business, Logistics

Fixing Supply Chain Won’t Be Easy, Experts Say

Port of Los Angeles Containers are stacked at the Port of Los Angeles. (Jae C. Hong/AP)

Fixing the broken supply chain will take time and patience, substantial amounts of money, imagination by key leaders in the transportation and logistics industry, and significant policy changes.

Dan Ronan | Associate News Editor
October 13, 2021
Government, Business, Logistics, Top 100

Port of L.A. to Shift to 24/7 Operations

President Joe Biden speaks about addressing the supply chain problem President Biden gives an address from The White House on plans to tackle the supply chain crisis. (Evan Vucci/Associated Press)

Some of the nation’s largest carriers and the operators of the country’s busiest port are joining a White House effort to ease crippling bottlenecks that are vexing supply chains through expanded service offerings that include, in some cases, 24/7 operations.

Dan Ronan | Associate News Editor
October 13, 2021
Government, Business, Logistics

Consumer Prices Outpace Forecast as Inflation Dogs Economy

Consumer spending David Paul Morris/Bloomberg News

Prices paid by U.S. consumers rose in September by more than forecast, resuming a faster pace of growth and underscoring the persistence of inflationary pressures in the economy.

October 13, 2021
Government, Business

Britain’s Own Truck Drivers Are Mainly Responsible for Shortage, Statistics Show

UK roads Trucks on the Dartford crossing bridge near Dartford, U.K. (Chris Ratcliffe/Bloomberg)

The shortfall in U.K. truck drivers that’s causing widespread shortages of goods is caused mainly by British workers leaving the industry rather than foreigners unable to join.

October 13, 2021
Government, Business, Technology, Safety, Autonomous

US Regulators Seek Answers From Tesla Over Lack of Recall

Tesla A sign marks the entrance to the Tesla Gigafactory in Sparks, Nev. (John Locher /Associated Press)

DETROIT — U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators.

Tom Krisher | Associated Press
October 13, 2021