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As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

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1

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

He failed the military pilot eye test—so he built a $1 million-a-day traffic company and bought flying lessons. Now he’s Top Gun’s stunt pilot 

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Despite being a multimillionaire, Suze Orman still cooks at home whenever possible—and says eating out is one of the biggest wastes of money
Oil

Obama Backtracks on Atlantic Oil Drilling Proposal

By
Claire Groden
Claire Groden
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By
Claire Groden
Claire Groden
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March 15, 2016, 10:15 AM ET
Virginia Beach Hit By Hurricane Irene
Photograph by Brendan Hoffman—Getty Images
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An unlikely duo of environmentalists and the Pentagon received good news today.

The Obama administration announced Tuesday it has reversed course on allowing offshore drilling in the Atlantic, according to The New York Times.

The announcement comes slightly more than a year after the Obama administration signaled plans to open up the southeastern seaboard to oil exploration for the first time in exchange for limiting the industry’s activity in the Arctic. Under that plan, the federal government would begin leasing federal water for oil and gas development starting in 2017.

It was a proposal cheered by state lawmakers, who looked forward to the revenue and jobs that the oil industry could bring.

 

But in recent months, the plan has received pushback from environmentalists, coastal communities, and the Pentagon. The Pentagon has complained to the Interior Department that opening up parts of the Atlantic coast would interfere with defense activities, The Washington Post reported. Environmentalists, for their part, argued that the proposal would leave states including Virginia, South Carolina, Georgia, and North Carolina vulnerable to an environmental disaster like the 2010 BP oil spill.

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By Claire Groden
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