The Wall Street Journal is reporting:
Cargo volumes at the nation’s West Coast ports appear to be making a
comeback from a lackluster year in 2015, reporting gains in the first
quarter of 2016 and a hopeful improvement on the export side.
At
the nation’s largest container port, the Port of Los Angeles, loaded
export containers increased 7.6% to 432,092 20-foot equivalent units, a
standard measure for container cargo, during the first three months of
the year. Loaded import containers were up 8.8% to 1,027,184 TEUs. Empty
containers on the export side, which ballooned in 2015, continued the
trend, rising 19.4% for January through March in Los Angeles.
Year
over year, the month of March saw steep declines compared with March
2015—the result of an unusual surge in container traffic immediately
after the West Coast dockworkers’ union and port employers agreed to contract terms in late February of that year
after months of protracted negotiations and delays at the ports.
January and February of 2015 were uncommonly slow as the negotiations
dragged on, but in the first two months of 2016 much of that traffic
recovered.
Another "money laundering" story.
PJ Media is reporting:
The Treasury Department is dragging its feet on releasing its
findings from an investigation into fraud allegations by solar companies
that received cash grants from the government to invest in solar power
as part of the president's stimulus bill.
The probe centers on
companies and individuals that inflated the value of their investments
in order to receive larger grants from the government. Investigators
believe the amount of fraud exceeds $1.3 billion -- approximately 2 1/2
times the amount of taxpayer money lost in the Solyndra scandal.
The
Treasury Department was supposed to turn over a report on its findings
in June of 2015 but has so far failed to inform Congress of the extent
of the fraud.
The company? The man? The scam?
In November, Republicans specifically called out SolarCity, a company
chaired by billionaire Elon Musk, for being investigated by Treasury
and Justice Department officials over allegedly abusing solar subsidies.
SolarCity is being investigated for “possible misrepresentations
concerned the fair market value of the solar energy systems,” according
to an October Securities and Exchange Commission filing.
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