California regulator sanctions utility over power outages

October 14, 2019@5:36 PM TFP Editor 0

California’s top utility regulator blasted Pacific Gas and Electric on Monday for what she called “failures in execution” during the largest planned power outage in state history to avoid wildfires that she said, “created an unacceptable situation that should never be repeated.” The agency ordered a series of corrective actions, including a goal of restoring power within 12 hours, not the utility’s current 48-hour goal. “The scope, scale, complexity, and overall impact to people’s lives, businesses, and the economy of this action cannot be understated,” [Read More]

Dedication Ceremony to Celebrate Naming of Diamond Valley Lake East Dam

October 14, 2019@5:23 PM TFP Editor 0

LOS ANGELES–(BUSINESS WIRE)–Metropolitan Water District of Southern California WHAT:   Metropolitan Water District is honoring the memory and achievements of its former general manager and general counsel through the naming of the Carl Boronkay East Dam at Diamond Valley Lake. Boronkay, who served as general manager from 1984 to 1993 and as general counsel from 1980 to 1984, was a water industry pioneer who forged new paths and policies that positioned Southern California for a future of water reliability.     WHEN:   Wednesday, Oct. [Read More]

Livability: The top 10 college towns in the U.S. in 2019

October 14, 2019@5:17 PM TFP Editor 0

Think college towns are just for rowdy undergrads? Think again. These energetic cities across the country are home to innovative small businesses, tons of fun activities, family-friendly annual events and thriving downtown scenes complete with arts, culture and delicious local cuisine. Plus, you’ll benefit from living and working near a college or university, where dedicated students and ingenious faculty members are conducting cutting-edge research and working to solve some of the world’s biggest problems — and their creativity and enthusiasm is contagious. To determine the [Read More]

Erdogan Holding 50 US Tactical Nukes ‘Hostage’ As Trump Authorizes Sanctions

October 14, 2019@5:10 PM TFP Editor 0

Erdogan Holding 50 US Tactical Nukes ‘Hostage’ As Trump Authorizes Sanctions Amid all the media and pundit outrage since Turkey’s President Erdogan launched his so-called ‘Operation Peace Spring’ into northeast Syria last week, vowing to wipe out Syrian Kurdish forces who’ve long held the border areas, what’s been largely missing is acknowledgement of the uncomfortable fact that NATO ally Turkey has long hosted a major portion of America’s nuclear Cold War-era arsenal stored across Europe.  And as Erdogan threatens to “open the doors and send 3.6 million migrants” to [Read More]

Why a strong dollar could be a warning sign in this market

October 14, 2019@5:09 PM TFP Editor 0

With so many conflicting signals about markets, the economy in the U.S. and abroad, the impact of the China-U.S. trade war, and more, what’s an investor to think? Through all the noise, there’s one measure that bears watching. Even investors who don’t trade currencies should pay attention to the strength of the U.S. dollar, according to a note out Monday. That’s because while the strong dollar has a lot of effects, its cause, at least right now, is that investors around the world are skittish. [Read More]

Despite defections, Facebook officially launches Libra

October 14, 2019@5:01 PM TFP Editor 0

Facebook is officially moving forward with its digital currency project Libra, despite several high-profile defections from the project and intense criticism from U.S. regulators and politicians. The Libra Association, the nonprofit that will govern the currency, officially signed on 21 charter members on Monday at the organization’s inaugural meeting in Geneva. Originally the Libra Association had 27 potential members, but several companies dropped out in recent days, including Visa, Mastercard and PayPal. Facebook has faced criticism since the summer when it unveiled plans to create [Read More]