Economy & Business

"Cities Widely Ignore Federal Flood Protection Rules, With Few Penalties"

"It’s a simple rule, designed to protect both homeowners and taxpayers: If you want publicly subsidized flood insurance, you can’t build a home that’s likely to flood. But local governments around the country, which are responsible for enforcing the rule, have flouted the requirements, accounting for as many as a quarter-million insurance policies in violation, according to data provided to The New York Times by the Federal Emergency Management Agency, which runs the flood insurance program."

Source: NY Times, 04/10/2020

"A Global Deal To Slash Oil Production Is At Risk After Mexico Objects"

"Russia and Saudi Arabia have called off their brutal price war and are now pushing dozens of major crude producers toward a deal that would slash production and help stabilize a market that's been rocked by the coronavirus pandemic."

Source: CNN, 04/10/2020

"In the Big OPEC++ Output Deal, Who’s In and Who’s Out?"

"Oil faces a critical week as Saudi Arabia, Russia and other global producers work frantically to secure a deal aimed at stemming the crash in oil prices. The former partners-in-cuts traded barbs over the weekend over who’s to blame for crude’s crash, which led to a virtual meeting being re-scheduled for April 9."

Source: Bloomberg, 04/08/2020

"Ban Wildlife Markets To Avert Pandemics, Says UN Biodiversity Chief"

"The United Nations’ biodiversity chief has called for a global ban on wildlife markets – such as the one in Wuhan, China, believed to be the starting point of the coronavirus outbreak – to prevent future pandemics."

Source: Guardian, 04/07/2020

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