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South Korea’s acting president faces impeachment vote as currency plunges

December 27, 2024

Main opposition Democratic Party’s bid to suspend acting leader Han Duck-soo plunges country into further uncertainty. South Korea’s legislature is set to vote on the impeachment of its acting president as ongoing turmoil in Asia’s fourth-largest economy sent the won plunging to levels not seen since the 2007-2009 global financial crisis. The main opposition Democratic Party (DP) is pushing to impeach Han Duck-soo, the prime minister, in a...

Hochul signs bill that will charge oil and gas firms $75B, but critics say customers will really foot the tab

December 27, 2024

Today New York Governor Kathy Hochul signed into law the Climate Change Superfund Act, which will charge oil and gas firms an estimated $75 billion over the next 25 years. The controversial measure, sponsored by Senator Liz Krueger and Assembly Member Jeffrey Dinowitz, is modeled on federal and state superfund laws, which charge firms accused of pollution. While environmental groups heralded the legislation, business groups argued that it...

FEATURED POST

EXCLUSIVE: Successfully ridding the U.S. of the effects of Mexico’s criminal cartels operating along the southwestern border would be a 20-year ordeal, …

In the wake of the arrest of two foreign nationals seeking to murder a U.S. journalist on behalf of the Iranian government, …