Tag Archives: power

Here Is Today’s French Fiscal Horsepower History Lesson

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

No one is going to care about this post. Too bad. I feel like writing, and on a weekend you take what you can get.

Anyway, I was musing the other day about the fact that I’ve always owned foreign cars. Partly this is just chance, partly the fact that I live in California, and, I suppose, partly because my parents always owned foreign cars. The first one was purchased around the time of my birth, and we kids called it the bye-bye, for reasons I presumably don’t have to explain. It was, as it happens, a Renault. But which Renault?

I did a bit of lazy googling last night, but nothing looked quite right. Then this morning, I noticed one of those Fiat 500s that J-Lo hawks on TV, and thought that it looked a little like the old Renault. Except I was sure the Renault had vents in the rear.

But wait. Rear vents means a rear engine. So I googled that, and instantly got a million hits for the 4CV, which was clearly the old bye-bye. My mother confirmed this telephonically a bit later. And that got me curious. Citroën, of course, produced the iconic 2CV, which first came off the assembly line at about the same time. What’s with that? What’s the appeal of __CV to postwar French auto manufacturers?

The answer turned out to be pretty funky. CV stands for chevaux vapeur, or horsepower. But the 4CV is not a 4-horsepower car. CV, it turns out, is used to mean tax horsepower. After World War II, France (along with other European countries) wanted to encourage people to buy low-power cars, so they put a tax on horsepower. But just taxing horsepower would have been too simple. Instead, they used a formula that took into account the number of cylinders, the piston bore, and the stroke. Here’s the formula for the 4CV:

These numbers were undoubtedly carefully engineered to produce the highest result that would round down to 4. In fact, the 4CV had a whopping 17 horsepower, and could get to 60 mph in just under 40 seconds. Ours had a few wee problems chugging along at 6,000 feet in Flagstaff on the way to Denver in 1960, but what can you expect for 17 horsepower?

So that’s your history lesson for the day. Apparently the French tax the horsepower of cars to this day, though the formula has changed over time. According to Wikipedia, “Since 1998 the taxable power is calculated from the sum of a CO2 emission figure (over 45), and the maximum power output of the engine in kilowatts (over 40) to the power of 1.6.” The power of 1.6? I guess they still love a little pointless complexity in France.

Link: 

Here Is Today’s French Fiscal Horsepower History Lesson

Posted in alo, FF, GE, LAI, LG, ONA, PUR, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Here Is Today’s French Fiscal Horsepower History Lesson

Are Immigration Agents Defying the President?

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

As you all know, the Supreme Court has agreed to rule on the legality of President Obama’s 2014 immigration program—Deferred Action for Parental Accountability, or DAPA. Like DACA, the “mini-DREAM” rule that Obama established in 2012, DAPA codifies the president’s ability to direct prosecutorial resources by explicitly telling immigration agents to do what they’ve mostly been doing anyway: ignore undocumented immigrants who have clean records and have been in the US for a long time. The key word here is “mostly.” Nearly all immigrants who fit the DAPA criteria are left untouched, but immigration agents continue to randomly deport some of them. Over at the New Republic, Spencer Amdur makes an interesting argument that this is at the core of the legal case:

As the administration tries to rationalize its immigration policy, the biggest challenge has actually come from within….In 2011, the head of ICE, John Morton, issued a memorandum directing agents not to focus their limited resources on immigrants with clean records, long-time residence, and families in the United States….Morton issued several of these “priorities” memos, and line-level agents almost universally ignored them, continuing to deport immigrants with deep roots here and no convictions.

….Later in 2011, the administration instructed immigration prosecutors to close cases of people who were not priorities for deportation; little changed. In 2012, the administration asked agents to stop sending detention requests to local police for immigrants without criminal records. Still nothing.

….This pattern of defiance is not mentioned in any of the briefs or court decisions in United States v. Texas. But it was an essential antecedent for DAPA, which effectively forces immigration agents to follow the previous policies….This is the elephant in the courtroom. The lawsuit is not just about the balance of power between the president and Congress, as the briefs suggest. It’s about democratic control of the police. Do our elected officials have the right to control the enforcement bureaucracy?

The fact that this isn’t mentioned in any of the briefs suggests it’s not taken seriously by anyone. Should it be?

Original source:  

Are Immigration Agents Defying the President?

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Are Immigration Agents Defying the President?

3 Ways White Kids Benefit Most From Racially Diverse Schools

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Last week, education officials in New York City approved a controversial school rezoning plan that will reassign some affluent, white children to a high-poverty Brooklyn school that is 90 percent black and Latino. The city’s department of education proposed the plan to reduce overcrowding in the predominantly white Public School 8, which serves kids from Brooklyn Heights and Dumbo—home to some of the most expensive apartments and condos in the country. Meanwhile, their new school, P.S. 307, serves mostly kids from the nearby public housing project, the Farragut Houses.

Many parents at both schools fiercely opposed the integration plan. “When rich people come in, they have the money to force people to do what they want,” said Farragut Houses resident Dolores Cheatom. Citing historic precedents, Cheatom and others argued the rezoning would change the school to benefit wealthy newcomers and slowly push out students from the Farragut community.

The parents whose kids are now bound for P.S. 307 said they were most concerned about the school’s low standardized test scores—which is no surprise, since that’s a common argument against sending white kids to schools that serve large numbers of low-income black and Latino students. The assumptions behind this argument go something like this: (1) Integration mostly benefits poor Latino and black students by allowing them to attend “good,” majority-white schools with better test scores, and (2) sending white children to schools that serve students from diverse racial and economic backgrounds will hurt the academic outcomes of white children.

But here’s the thing: The academic and social advantages white kids gain in integrated schools have been consistently documented by a rich body of peer-reviewed research over the last 15 years. And as strange as it may sound, many social scientists—and, increasingly, leaders in the business world—argue that diverse schools actually benefit white kids the most.

Here’s a summary of some of the most convincing evidence these experts have used to date:

1. White students’ test scores don’t drop when they go to schools with large numbers of black and Latino students.
In 2007, 553 social scientists from across the country signed an amicus brief in support of voluntary school integration policies for a Supreme Court case known as Parents Involved in Community Schools v. Seattle School District. The brief continues to serve as a treasure trove of some of the most important research in this field, and in its 5-4 decision in favor of integration, the justices concluded that the academic progress of white children is best served in multiracial schools. Soon after the seminal court case, Harvard researchers Susan Eaton and Gina Chirichigno launched the One Nation Indivisible initiative, which now serves as a clearinghouse for the most rigorous current research on the benefits of integrated schools.

When it comes to the impact on standardized test scores, research cited in the case—as well as the most recent data from the federal government—confirmed that there is no negative impact on the test scores of white children. Some studies found that test scores of all students increased, especially in math and science. Others found that they stayed the same. The debate on whether test scores increase in integrated schools continues, but there is overwhelming evidence that they don’t drop when white students go to economically and racially integrated schools.

2. Diverse classrooms teach some of the most important 21st-century skills, which matter more than test scores.
Psychologists, economists, and neuroscientists have done some really exciting research in education in the past 10 years, synthesized in the best-selling book by Paul Tough, How Children Succeed. This research tells us that some of the most important academic, social, and emotional skills—curiosity, complex and flexible thinking, resilience, empathy, gratitude—are not captured by standardized test scores but are keys to a successful and productive life.

Other researchers, including Stanford’s Prudence L. Carter, the University of Massachusetts-Amherst’s Linda R. Tropp, and Loyola University of New Orleans’ Robert A. Garda Jr., have found that skills like cross-cultural collaboration, critical thinking, problem-solving, effective communication, reduced racial prejudice, and empathy are best fostered in diverse classrooms. Many of these researchers argue that we need to expand our definition of academic advantages to include these important skills, which are captured mostly through qualitative assessments like presentations, group projects, and student surveys.

3. Graduates of socioeconomically diverse schools are more effective in the workplace and global markets.
Researchers who have been trying to figure out which office settings allow for the most powerful breakthroughs in innovation have consistently come up with the same answer: daily practice and comfort with diverse perspectives, according to Scott E. Page, the author of The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools and Societies. Virginia Commonwealth University’s Genevieve Siegel-Hawley argues that daily classroom interactions with students from different racial and economic backgrounds help students develop the ability to view and understand complex problems and events through multiple lenses. Research also shows that an integrated workforce helps companies design and sell products more effectively to a wide range of customers.

Notably, the average white student today goes to a school where 77 percent of her or his peers are white. Schools are as segregated and unequal today as they were shortly after Brown v. Board of Education was decided. This means that too many students, especially in suburban schools, are being socialized in environments that deprive them of one of the most important skills in the global economy: the ability to communicate and collaborate with people from different socioeconomic backgrounds. Research is clear that such skills are difficult to teach without daily exposure to integrated communities—a trip abroad, a diversity workshop, or an ethnic studies class taught in a predominantly white classroom isn’t enough. And because students of color are much more likely to interact with diverse people in their neighborhoods and schools, in this sense integrated schools give greater advantages to white students.

Garda writes that getting involved in the issues of income and racial inequalities at the policy level is often too daunting for many parents. But choosing a school or a neighborhood is actually one of the most meaningful ways in which parents can act out their values and help reduce income and racial disparities.

As journalist Nikole Hannah-Jones reported in her important This American Life segment last year on integration, our country made the largest gains in reducing achievement gaps at the peak of integration in the mid-1970s. And then the country gave up, mostly because white parents were afraid to put their kids in the same classrooms with students from “underperforming” schools. “We somehow want this to have been easy,” Hannah-Jones, who as a child lived in a working-class African American neighborhood in Waterloo, Iowa, and was bused to a majority-white school across town. “And we gave up really fast.”

Read more: 

3 Ways White Kids Benefit Most From Racially Diverse Schools

Posted in alo, Anchor, FF, GE, LG, Mop, ONA, Oster, Radius, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on 3 Ways White Kids Benefit Most From Racially Diverse Schools

Here’s One Big Thing Obama Can Do in His Final Year in Office

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

This story originally appeared in Grist and is reproduced here as part of the Climate Desk collaboration.

There’s only one year left until President Barack Obama leaves office, and there’s a fair chance he will be replaced by a climate science-denying Republican, perhaps one in the form of a comb-over-sporting reality TV star. So time may be running out for the United States to take meaningful actions to fight climate change.

Continue Reading »

Visit link:

Here’s One Big Thing Obama Can Do in His Final Year in Office

Posted in alo, Anchor, Everyone, FF, GE, LG, ONA, Radius, The Atlantic, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Here’s One Big Thing Obama Can Do in His Final Year in Office

Watch: Obama’s Top Environmental Official on the Paris Attacks and Why Climate Change Threatens National Security

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

With a major global climate summit in Paris less than two weeks away, the Obama administration’s top environmental official is saying that climate change is a major threat to US national security.

“There are a variety of impacts that we’re feeling from a changing climate, and we need to stop those impacts from escalating by failing to take action—one of those is instability,” said Gina McCarthy, administrator of the Environmental Protection Agency, in an interview Tuesday with Climate Desk. McCarthy pointed to drought and wildfires in California as examples of climate impacts that can displace people from their homes, and she noted that many of the same things are happening in less stable parts of the world. You can watch portions of the interview above.

“We can see that underlying issues in many countries that lead to animosity, and then can lead to conflict,” she said. “So it is a national security issue for us, as well as an issue that’s incredibly important for our local communities.”

McCarthy’s comments join a growing chorus of experts who see a direct link between global warming and national security. The debate over that theory seems likely to intensify over the next few weeks, in part because the Paris climate negotiations follow closely on the heels of Friday’s terrorist attacks that left 129 people dead in the French capital.

Just days before the Paris attacks, Secretary of State John Kerry gave a speech in which he called climate change “a threat to the security of the United States.” On Saturday, Democratic presidential contender Bernie Sanders said that “climate change is directly related to the growth of terrorism.” President Barack Obama has made a similar point several times, as have numerous security experts and defense officials. (Donald Trump is skeptical.)

After the attacks, French officials were quick to confirm that the climate summit—which is meant to yield a groundbreaking international agreement to slow climate change—would go on, albeit with scaled-back public events and heightened security. President Obama is expected to attend, along with White House negotiators. McCarthy has not yet said whether she will be there, and while her agency isn’t responsible for conducting the core negotiations, she still has a vital role to play in convincing other countries that the United States is serious about climate action.

The US negotiating position—Obama has promised to cut greenhouse gas emissions 26 to 28 percent below 2005 levels by 2025—hinges largely on the Clean Power Plan, a new set of EPA regulations on emissions from power plants that was largely crafted under McCarthy. The plan itself cites national security as a justification for taking action on global warming. “Impacts of climate change on public welfare also include threats to social and ecosystem services…these impacts are global and may exacerbate problems outside the US that raise humanitarian, trade, and national security issues for the US,” it states.

The EPA plan has come under heavy fire since the Clean Power Plan was finalized in August. A coalition of two dozen coal-dependent states are attempting to block the plan court, and on Tuesday the Senate passed a pair of resolutions to overturn the plan. Those resolutions face a certain veto from Obama.

McCarthy said she is “very confident” the plan will survive all these challenges. But since it forms the legal basis for the US commitment in Paris, McCarthy said her staff has been in contact with their counterparts in other countries in an effort to assure them that they can count on the US to follow through.

“We’re moving forward, and we try to make people understand that,” McCarthy said. The Clean Power Plan is “a signal of the seriousness of the United States and this president, and the fact that we are going to be driving reductions down that other countries can count on, so they can come to the table and also contribute.”

Link: 

Watch: Obama’s Top Environmental Official on the Paris Attacks and Why Climate Change Threatens National Security

Posted in alo, Anchor, FF, GE, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Watch: Obama’s Top Environmental Official on the Paris Attacks and Why Climate Change Threatens National Security

We Can Stop Pretending Any of the 2016 Republicans Believe in Science

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

This story originally appeared in The New Republic, and is reproduced here as part of the Climate Desk collaboration.

Rand Paul was having a decent night in the fourth Republican debate Tuesday, until he fielded a question about climate change. With his answer, he disappointed those who thought he might deliver reality-based comments.

Paul, like the rest of the GOP candidates, wants to repeal President Barack Obama’s legacy-making Clean Power Plan reining in carbon emissions from the power sector. On Tuesday, Paul firmly aligned himself with the science-denier camp. “While I do think man may have a role in our climate, I think nature also has a role,” Paul said. “The planet is 4.5 billion years old. We’ve been through geologic age after geologic age. We’ve had times when the temperature’s been warmer. We’ve had times when the temperature’s been colder. We’ve had times when carbon in the atmosphere has been higher. So I think we need to look before we leap.”

Continue Reading »

Continue at source:  

We Can Stop Pretending Any of the 2016 Republicans Believe in Science

Posted in Anchor, FF, GE, LAI, LG, ONA, PUR, Radius, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on We Can Stop Pretending Any of the 2016 Republicans Believe in Science

Women Can Boost Their Testosterone Just by Acting Like a Boss

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

We often point to testosterone to explain the traits that make men “manly”: competitiveness, horniness, impulsiveness. People have even blamed the testosterone levels of the architects of the Great Recession for the devastatingly awful decisions that led to the financial crash.

But new research shows that the reason men have more testosterone than women may have as much to do with gender socialization as inherent biology. Scientists from the University of Michigan published a study today that found that the act of wielding power increases testosterone levels regardless of gender. The study’s authors went on to hypothesize that the reason women generally have less of the hormone than men may be, at least in part, because of gender norms that prevent women from accessing positions of power and discourage them from being competitive.

To come to this conclusion, researchers hired more than 100 actors to perform an activity during which they held power over someone else: firing a subordinate employee. The actors performed the firing both acting with stereotypically “masculine” traits (using dominant poses, taking up space, not smiling), and with stereotypically “feminine” traits (lifting their voice at the end of sentences, being hesitant, not making eye contact). Researchers also measured the levels of a control group watching a travel documentary.

What they found was fascinating.

Not only did the female subjects acting in a stereotypically masculine way see an increase in testosterone (compared with the control), but those performing in a “feminine” way saw a significant boost, as well. In other words, just the act of wielding power, regardless of whether the wielder is performing maleness, increases testosterone levels. The study found that men did not have much of a testosterone boost during the activity, which, the study’s authors guessed, could be because men’s more frequent engagement in competitions and power-wielding activities “might paradoxically lead to dampened testosterone responses.”

“Our results would support a pathway from gender to testosterone that is mediated by men engaging more frequently than women in behaviors such as wielding power that increase testosterone,” the study says.

What’s that in layman’s terms? Gender inequality, at least in part, may be part of what’s making men manly.

View original:

Women Can Boost Their Testosterone Just by Acting Like a Boss

Posted in Anchor, Eureka, FF, Free Press, G & F, GE, LAI, LG, ONA, Oster, Radius, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , , | Comments Off on Women Can Boost Their Testosterone Just by Acting Like a Boss

Jim Webb Is Considering Running as an Independent

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

The race for the Democratic nomination may have already claimed its first victim—sort of. Jim Webb’s campaign announced on Monday evening that the former Virginia senator will hold a press conference tomorrow—probably—to discuss “his candidacy, the campaign and his views of the political parties in the current election cycle.” According to Webb’s campaign, he’s considering a run as an independent.

Webb’s lukewarm views on the Democrats aren’t much of a secret. Though he ran for Senate as a Democrat, he’s a former Republican who served in the Reagan administration. At last week’s debate, he said he ran for president as a Democrat because it’s “the party that gives people who otherwise have no voice in the corridors of power a voice.” But for him, America’s truly voiceless people are poor rural whites like his own family. That means he clashes with the party’s mainstream over major issues like gun control, affirmative action, and environmental regulation. Neither his views on those issues nor his frequent demands for more speaking time went over particularly well at the debate.

Dave “Mudcat” Saunders, a longtime advisor and friend of Webb, says Webb’s sometimes petulant debate performance was likely the “culmination” of the candidate’s anger at being sidelined by the party. “I think the frustration that Jim showed on the stage the other night, I think it had built up over a long time,” says Saunders, who’s not playing a role in Webb’s presidential campaign. But he also casts an independent run as a matter of Webb’s principles. “‘Duty, honor, country’ is what it’s about it, and he thinks this is the best thing for him to do.”

But if running as an independent gives Webb more freedom to say what he likes, there’s no evidence he’ll be able to do much with that freedom. Webb has no campaign offices in Iowa or New Hampshire, raised the second least of any active presidential candidate during the last quarter (we’re not counting barely-there former Virginia Gov. Jim Gilmore for these purposes), and is still polling at only 1 percent after the debate last week.

“Jim’s no dummy,” Saunders says. “He know’s it going to be tough, I’m sure.”

Originally from:

Jim Webb Is Considering Running as an Independent

Posted in Anchor, Casio, Everyone, FF, G & F, GE, LAI, LG, ONA, PUR, Radius, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on Jim Webb Is Considering Running as an Independent

Hillary Clinton Challenges Big Pharma

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Hillary Clinton rolled out her latest policy plank in Des Moines, Iowa, on Tuesday afternoon. The Democratic front-runner described how, if elected president next year, she would try to rein in the spiraling costs of prescription medications.

Clinton is spending this week of her campaign touring the country explaining her proposals for health care and touting the benefits of the Affordable Care Act. Obama’s success in passing health care reform poses a tricky problem for Clinton: championing health care expansion has long been one of her signature causes going back to Bill Clinton’s first term as president. But the current Democratic president has already passed the overall infrastructure for covering the uninsured across the country. Now Clinton will need to run on protecting that legacy, while tinkering with the ACA around the margins to bolster its weak points.

“As president I want to go further,” she said Tuesday. “I want to strengthen the Affordable Care Act.”

Her drug plan would start by capping the amount of out-of-pocket expenses consumers can be charged under insurance plans at $250 per month. Of course, transferring the extra costs onto the insurance companies wouldn’t solve the all of the problems, since insurers would likely make up for their expenses through higher premiums.

She said earlier this week that her goal is to implement policies that would reduce spending on prescription medications by $100 billion over the next 10 years and proposed a number of strategies reach that goal. For example:

Speeding up approval of generic drugs to clear any backlog.
Allowing consumers to buy their medications from countries where American pharma companies sell them at cheaper rates. (This would require the FDA to ensure that the drugs being sold in other countries are the same medications as the ones sold here.)
Grant Medicare the power to negotiate with drug companies on the prices they charge. This has long been a standard proposal pushed by Democrats who argue that the 40 million Medicare recipients would have a system-wide effect on the price of drugs.
Add requirements to drug companies who receive federal support, forcing them to redirect more of their profits back into R&D.

You can read a full explanation of her suggestions on Clinton’s website.

Pharma was already gunning for Clinton even before her speech announcing the policy proposal. As The Hill reported, the head of the pharmaceutical lobby preempted her statement with its own that blasted the plan, saying it “would turn back the clock on medical innovation and halt progress against the diseases that patients fear most.” Pharma might have good reason to be worried. On Monday, Bloomberg attributed a quick, steep drop in Nasdaq’s listing of biotech stocks to a Clinton tweet in which she linked to a New York Times article on a company that had jacked up the price of an old drug, saying, “Price gouging like this in the specialty drug market is outrageous.”

Original article:  

Hillary Clinton Challenges Big Pharma

Posted in Anchor, FF, G & F, GE, LAI, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on Hillary Clinton Challenges Big Pharma

VW Loses About $20 Billion in Value in 2 Hours

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Guess what happens when you concoct a contemptible scheme to secretly blow off emission rules on your cars—and then it suddenly becomes not so secret? Answer: your respected multinational corporation loses about $20 billion of value over the course of a few minutes. Your stock gets downgraded by pretty much every analyst on the planet. And the folks who put together the Dow Jones Sustainability Index start suggesting that maybe VW isn’t exactly a poster child for sustainability anymore.

By the way, it turns out that VW’s deception was actually discovered a year ago, but they doggedly denied any wrongdoing:

For nearly a year, Volkswagen officials told the Environmental Protection Agency that discrepancies between the formal air-quality tests on its diesel cars and the much higher pollution levels out on the road were the result of technical errors, not a deliberate attempt to deceive Washington officials.

….The company was evidently concerned that actually meeting the federal emissions standards would degrade the power of the engines, which it marketed as comparable in performance to gasoline engines. Meeting the standard would also undercut the fuel efficiency that is one of the main selling points of diesels.

Volkswagen finally fessed up only after the EPA said it planned to withhold approval for the carmaker’s new 2016 models. Until then, it was just deny, deny, deny.

Link:  

VW Loses About $20 Billion in Value in 2 Hours

Posted in FF, GE, LG, ONA, Oster, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on VW Loses About $20 Billion in Value in 2 Hours