Obama Announces EPA Clean Power Plan: 9 Things to Know

Aug 3, 2015, 5:45 pm EDT

President Barack Obama has announced the Clean Power Plan with the US Environmental Protection Agency (EPA).

The plan is designed to help improve the environment. Here are 9 things to know about it:

    Some consider it to be the the strongest plan to improve the climate enacted by a US president. It is designed to cut emissions from power plants. Wind and solar power generation are at the forefront from the plant as the president looks to reduce coal power as an energy source. Obama’s EPA plan is expected to face opposition from states and utilities that rely on power plants for energy. Additionally, a number of Republicans believe the move would hurt the economy 365 businesses such as eBay, Nestle and General Mills have expressed their support for the Clean Power Plan. These businesses wrote letters to 29 state governors, imploring them to support these rules as it would benefit the economy and create jobs. A 32% cut in carbon emissions from power plants will be reached by 2030, compared to 2005 figures. States will have to comply with these rules by 2022 and submit their plans on meeting their targets by 2018.

The Clean Power Plan could be massively beneficial in helping us preserve our Earth. Read 

Starbucks CEO Howard Schultz for President?

Aug 3, 2015, 4:37 pm EDT

Starbucks (NASDAQ:SBUX) CEO Howard Schultz may be running for president.

Hillary Clinton may be leading the charge as the Democratic nominee for president in 2016 but she may face stiff competition from Schultz. The 62-year-old has said the US is not moving in the right direction at the moment.

“The country is longing for leadership and for truth with a capital ’T,’” he added. Schultz believes that America and the world currently lack leadership and it is up to businesses and business leaders to do what they can to turn this around. Read 

Texas Attorney General Ken Paxton Charged With Securities Fraud

Aug 3, 2015, 4:17 pm EDT

Ken Paxton is being charged with securities fraud.

The Texas Attorney General was arrested and book in Colin County Monday on three counts of felony security law violations. These actions allegedly took place before he became a statewide official in January.

Paxton turned himself in and was placed in jail soon after. The two first-degree fraud charges are based on when he was a member of the Texas House in July 2011 and sold stock on behalf of tech company Servergy Inc. Read 

House Passes Bill to Block Mandatory GMO Labeling

Jul 24, 2015, 3:15 pm EDT

The House of Representatives passed a bill on Thursday to stop mandatory GMO labeling on food.

This new bill would make it so that states couldn’t require food manufacturers to include GMO labeling on their products. Supporters of the bill claim that GMO labeling would increase food costs. They also claim that it would make foods with GMOs seem unsafe, despite the Food and Drug Administration saying they aren’t, reports NPR.

However, opponents of the bill argued that customers have the right to know if their food has GMOs in it. They compared the GMO labeling to calorie counts and ingredient lists that already appear on food packaging, NPR notes. Read 

Social Security Disability Benefits to Run Dry in 2016

Jul 22, 2015, 4:44 pm EDT

The Social Security disability benefits could run dry in 2016.

A report issued by the trustees that oversee the disability trust fund said it could run out of money in late 2016. This would occur in the middle of the next presidential campaign.

There are currently 11 million people who receive Social Security disability benefits with an average monthly benefit of $1,017. The move would mean an automatic 19% cut in benefits. Read 

Trustees: Medicare to Run Out of Money by 2030

Jul 22, 2015, 4:25 pm EDT

Trustees have issued a report that claims Medicare will run out of money soon. Source: ©iStock.com/graffoto8

Its program’s trust fund for hospital care will run out of money in 2030. Medicare is a federal program that helps pay for elderly Americans’ hospital bills.

2030 matches the previous estimate for when Medicare will run out of money but the program appears to be better positioned to deal with such a loss over the longer term. Read 

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