The Impeachment Drama Begins

It’s been a strange, almost surreal week on Capitol Hill. Things started out slow – a holiday on Monday, then Tuesday was a “fly-in” day with an extremely light schedule. But all that changed Wednesday, when the first public impeachment hearing in two decades commenced (with more to follow over the next week or so). All signs point to the chamber voting to impeach President Trump sometime either just before or after Thanksgiving (probably before), which then would require a trial in the Senate.

It’s not a lock that the House will impeach. Why? Because there are about 30 moderate House Democrats from districts that Trump won in 2016. If all or most of them got cold feet and voted against impeachment, the vote could fail. Still, House Democrats seem unified. So, look for the House to impeach the president, sending the matter to the Senate. Continue reading “The Impeachment Drama Begins”

What’s Next for Drone Delivery

Imagine hankering for a pint of ice cream from your favorite ice cream shop five miles away. But this time, instead of hopping in your car, you tap the “drone delivery” option on a mobile app. About 10 minutes later, the mint chocolate chip is lowered via a tether from a drone hovering above your backyard.

It sounds like the stuff of science fiction. But drone companies have plans to make it happen. Continue reading “What’s Next for Drone Delivery”

Attacks on Saudi Oil Industry Rock Crude Prices

It’s too early to say anything for sure about this weekend’s attacks on key oil infrastructure in Saudi Arabia. But here are a few preliminary notes to help you make sense of the headlines and what they mean for energy prices. Continue reading “Attacks on Saudi Oil Industry Rock Crude Prices”

MAX Jet’s Delayed Reentry

Don’t expect Boeing’s 737 Max jet to be flying until at least January. The aircraft has been grounded since mid-March because of faulty flight control software that was blamed for two crashes that caused the deaths of 346 people. Getting a software fix developed and certified, along with a list of other issues, has seen repeated delays.

Once cleared by the Federal Aviation Administration, it will likely take the airlines a month or more to train pilots and to reactivate the almost 400 Max  jets that are gathering dust. Charles Leocha, president of the consumer group Travelers United, says he wouldn’t be surprised if it’s March before the Max jet is aloft again.

Continue reading “MAX Jet’s Delayed Reentry”

More Manufacturers Turn to Robotic Arms

Labor shortages. Intense global competition. Fast-changing market demands.  Small and midsized manufacturers face a slew of challenges.

“There’s increasing pressure from all sides,” says Stuart Shepherd, regional director of sales in the Americas for Universal Robots, a leading seller of small robotic arms. Continue reading “More Manufacturers Turn to Robotic Arms”

Washington Mulls Reining in Big Tech on Privacy

If you’re worried about your privacy online, you aren’t alone. Uncle Sam is cracking down on companies for violating consumers’ privacy and looking to impose more regulation.

Earlier this month, the Federal Trade Commission ordered Facebook to provide more transparency for how it uses people’s data. The FTC also fined Facebook $5 billion for being deceptive about how it handled users’ data. Continue reading “Washington Mulls Reining in Big Tech on Privacy”

Cutting-Edge Uses of Drones are Coming On Fast

Drone companies, large and small, are racing to find as many viable drone applications as possible to go along with today’s popular uses, such as aerial mapping in the agriculture sector. There are close to 400,000 commercial drones registered with the Federal Aviation Administration, and many more are poised to take off in coming years.

Though there is still plenty of red tape to be cut, the feds are helping push the industry forward. The White House has expressed strong support for industry innovation in the hopes of drones being used in the delivery of medicine, emergency management and much more. This May, the Department of Transportation selected 10 state, local and tribal governments to participate in a pilot program aimed at collecting drone data on flying at night, flying over people, delivering packages and other promising areas. Continue reading “Cutting-Edge Uses of Drones are Coming On Fast”

Carbon Capture Captures Washington’s Attention

Democrats and Republicans don’t agree on much these days, especially not where climate change is concerned. On Capitol Hill, the debate remains highly polarized: While left-wing Democrats champion the controversial Green New Deal, many Republicans still don’t believe climate change is a real problem.

But lawmakers do agree on at least one possible way to address the issue: Carbon capture and sequestration, or CCS, the process of capturing man-made carbon dioxide at the source and either using or storing it underground.

Continue reading “Carbon Capture Captures Washington’s Attention”

Tension Rises between Pelosi and the Far-Left “Squad”

House Speaker Nancy Pelosi’s hold on the fractured House Democratic Caucus is loosening, as the Californian’s burgeoning feud with a small group of far-left freshmen has spilled into public.

However, President Trump’s decision to target the four Democratic lawmakers—all minority women—with a series of offensive tweets over the weekend, has taken the heat off of Pelosi and handed her an opportunity to unify her caucus.

Continue reading “Tension Rises between Pelosi and the Far-Left “Squad””

What Deutsche Bank’s Retreat Means for U.S. Banks

Deutsche Bank’s plan to downsize is a boon for U.S. investment banks. Germany’s largest bank recently announced that it will cut 18,000 jobs and shut its global equities sales and trading business. The institution will now focus on corporate banking, and asset and wealth management. The bank has been under pressure after years of low profitability, money-laundering scandals and more competition from U.S. investment banks on its own turf. Continue reading “What Deutsche Bank’s Retreat Means for U.S. Banks”