Wednesday - November 27, 2024
News Tipoffs - Michigan Editors Newsletter for Saturday September 14, 2024 ( 6 items )  

Department of Transportation Announces $802 Million to Repair Roads and Bridges Damaged by Natural Disasters and Extreme Weather Events
WASHINGTON, Sept. 13 -- The U.S. Department of Transportation Federal Highway Administration issued the following news release: "Americans are dealing with the impacts of more and more extreme weather caused by climate change--affecting their lives and our infrastructure," said U.S. Transportation Secretary Pete Buttigieg. "With these funds, the Biden-Harris Administration is helping communities rebuild key transportation links and make them more resilient for the future." FHWA's Emergency Rel  more

DOE Argonne National Laboratory: Unraveling the Mystery Surrounding the Creation of Heavy Elements in Stars
ARGONNE, Illinois, Sept. 13 (TNSres) -- The U.S. Department of Energy's Argonne National Laboratory issued the following news release on Sept. 12, 2024: * * * New experimental data helps researchers better understand the formation of some of the universe's heavier elements * * * Collaborative effort between scientists at multiple institutions reveals a way to indirectly determine the rate of the neutron-capture process in short-lived isotopes. How are stars born, and how do they die? How do  more

EEOC Sues Wabash National for Pregnancy Discrimination
WASHINGTON, Sept. 10 -- The Equal Employment Opportunity Commission issued the following news release: INDIANAPOLIS Wabash National Corporation, a nationwide producer of semi-trailers and other commercial trucking equipment, violated federal law when it failed to accommodate an employee's known pregnancy-related limitation and subjected her to an unlawful medical inquiry, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed today. According to the EEOC's lawsuit,   more

Fed: Interconnectedness in the Corporate Bond Market
WASHINGTON, Sept. 14 (TNSres) -- The Federal Reserve issued the following white paper (No. 2024-066) in April 2024, entitled "Interconnectedness in the Corporate Bond Market". The report is written by Celso Brunetti, Matthew Carl, Jacob Gerszten, Chiara Scotti and Chaehee Shin. * * * Abstract: Does interconnectedness improve market quality? Yes. We develop an alternative network structure, the assets network: assets are connected if they are held by the same investors. We use several large d  more

Fed: Out of Sight, Out of Mind: Nearby Branch Closures and Small Business Growth
WASHINGTON, Sept. 14 (TNSres) -- The Federal Reserve issued the following white paper (No. 2024-071) on July 29, 2024, entitled "Out of Sight, Out of Mind: Nearby Branch Closures and Small Business Growth". The report is written by principal economist Ben Ranish, Andrea Stella and Jeffery Zhang of the University of Michigan. * * * Abstract: Since 2010, the total number of commercial bank branches in the United States has fallen by about 20%. Do branch closures meaningfully affect economic act  more

Wash. U.S. Attorney: Second Canadian Resident Pleads Guilty to Massive COVID-19 Benefit Fraud Scheme
TACOMA, Washington, Sept. 14 -- The office of the U.S. Attorney for the Western District of Washington issued the following news release on Sept. 13, 2024: The second of two Nigerian men residing in Canada pleaded guilty Thursday September 12, 2024, in U.S. District Court in Tacoma to wire fraud and aggravated identity theft for his fraud scheme that stole more than $1.3 million in federal funds, announced U.S. Attorney Tessa M. Gorman. Fatiu Ismaila Lawal, 45, was extradited from Canada in mid  more