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12 Apr 2010 09:43

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Biz: Toyota’s way of handling recalls: Cover up, then come clean

  • I hate to break this to you, but we have a tendency for mechanical failure in accelerator pedals of a certain manufacturer on certain models. … The time to hide on this one is over. We need to come clean.
  • A note from Toyota executive Irving A. Miller • Admitting that they would have to recall millions of vehicles. Over a four-month period, the company had made an active effort to hide the problems with their cars from the government. Unsuccessfully. The New York Times’ document analysis suggests that there was a whole lotta fail going on with the vehicles, and a lot more cover-up. While the company obviously screwed up, some congressmen are suggesting that federal regulators should shoulder some of the blame. source
Posted by Ernie Smith • 0 Comments • Permalink

11 Apr 2010 09:09

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U.S.: Do mining regulators need more muscle to boost safety?

  • Every place I’ve ever worked, safety has been a distant second to production. If you take 30 minutes out of the day doing it right, that takes a lot out of the tonnage of the mine.
  • Kentucky-based miner Billy Brannon • Regarding safety standards for miners. In the wake of the Upper Big Branch mine disaster last week, which killed 29, many are questioning whether the government’s regulatory administration, The Mine Safety and Health Administration, has enough teeth to properly take on organizations like Massey Energy. Unlike the EPA and FDA, the MSHA doesn’t make its investigators law enforcement officers, and the fines the group offers are mere pittances – $168,393 for Massey, for example. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Mar 2010 11:12

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Tech, World: Hugo Chavez says that the Internet needs national regulation

  • The Internet cannot be something open where anything is said and done. Every country has to apply its own rules and norms.
  • Venezuelan President Hugo Chavez • Saying the kind of thing that makes us want to throw stuff at the dude. He doesn’t want an open Interweb – he wants to block it to his standards. He’s not alone, obviously, but it’s not exactly the kind of thing that we want to see MORE support for. source
Posted by Ernie Smith • 0 Comments • Permalink

04 Mar 2010 10:41

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U.S.: Fans of open letters and the FDA regulating stuff, read this

  • Food and Drug Commissioner Dr. Margaret A. Hamburg rips hard on labeling. In case you find food labels a little misleading sometimes, this open letter by Dr. Hamburg should warm your heart. They’re going after companies who didn’t listen to the FDA’s mandate on food labels, and could take food off shelves if companies don’t listen. “To address these concerns,” she wrote, “FDA is notifying a number of manufacturers that their labels are in violation of the law and subject to legal proceedings to remove misbranded products from the marketplace.” Ouch. You feel that? That’s the regulatory hammer. source
Posted by Ernie Smith • 0 Comments • Permalink

24 Feb 2010 11:03

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Biz: Toyota’s main main, Aiko Toyoda, hits Congress. Twitter reacts



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08 Feb 2010 20:26

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Biz: Another dumpy day for the Dow: It FINISHED below 10,000 again

  • 9,908 the Dow’s closing level today, due to troubles abroad and possible regulation at home
  • 11/04/09 the last time the Dow closed this low, which was just a couple of months ago, by the way source
Posted by Ernie Smith • 0 Comments • Permalink

03 Feb 2010 11:48

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Biz: Everyone’s talking about Ray LaHood and Toyota this morning

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22 Jan 2010 16:29

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Biz: The stock market is hyperventilating due to bank regulation fears

  • 5% 3-day dip in stocks thanks to Obama’s regulation plan source
Posted by Ernie Smith • 0 Comments • Permalink

17 Dec 2009 09:58

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U.S.: Thirsty? You won’t be after you see this photo

The NYT has a pretty interesting feature about how tap water is really, really dangerous and relatively unregulated. Stick with the bottles, kids. source
Posted by Ernie Smith • 0 Comments • Permalink

07 Dec 2009 10:37

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U.S.: The EPA calls a spade a spade, says greenhouse gases a danger

  • This is a big deal, guys. The Obama administration now has a new tool to cut down on greenhouse gases. It’s the Environmental Protection Agency. The EPA now will formally say that greenhouse gases are a danger to human health – something which will give them the right to do something even if Congress doesn’t act on regulating carbon emissions. Good timing, too, what with that whole Copenhagen emissions summit thingy starting up today. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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