Economy & Business

"SEVERANCE, Colo. -- Since he was a boy in western Colorado, John Bartmann seemed destined to become a sheep man. He raised lambs with the local 4-H club and sheared them for elderly German farmers. His office is lined with paintings of sheep and a plaque honoring him for 'promoting culinary excellence' in lambs. But over the last few years, skyrocketing costs, a brutal drought and plunging lamb prices have battered Mr. Bartmann and the 80,000 ranchers across the county who raise sheep -- from a few to several thousand."

Mortgaqe companies send Sandy victims prayers and "virtual hugs," but won't give stricken homeowners a break on payments while they make emergency repairs and wait for insurance payments or government aid.

"SWARTHMORE, Pa. -- A group of Swarthmore College students is asking the school administration to take a seemingly simple step to combat pollution and climate change: sell off the endowment’s holdings in large fossil fuel companies. For months, they have been getting a simple answer: no."

"French utility EDF has raised the cost of the construction of its next-generation nuclear reactor by more than 2 billion euros on Monday, the latest in a series of overruns for the first EPR reactor built in France."

"DOHA, Qatar -- Hassan al-Kubaisi considers it a gift from above that drivers in oil- and gas-rich Qatar only have to pay $1 per gallon at the pump."

"During the fall campaign, California's attention was focused on the presidential race and Gov. Jerry Brown's tax measure. But in a historic, largely overlooked environmental shift, the state's voters also triggered a multibillion-dollar tidal wave of new green spending."

"When the Obama administration temporarily banned BP from federal contracts Wednesday, it pointed to BP's 'lack of business integrity' and conduct relating to the 2010 Deepwater Horizon explosion and spill. The sanction, however, has been years in the making."

"The 'American' in American Petroleum Institute, the country's largest oil lobby group, is a misnomer. As I reported for The Nation in August, the group has changed over the years, and is now led by men like Tofiq Al-Gabsani, a Saudi Arabian national who heads a Saudi Arabian Oil Company (Aramco) subsidiary, the state-run oil company that also helps finance the American Petroleum Institute. Al-Gabsani is also a registered foreign agent for the Saudi government."

"A bipartisan group of legislators said Wednesday that the failure to expand a critical subsidy for renewable energy could cost Americans tens of thousands of manufacturing and construction jobs."