tyb
>I'm chill baker. I said nothing in the pb and chocked it up to be busy…I get that.
when the other cap of nothing added in lb..spoke up.
That's all there is to it and has nothing to do with with a lack of appreciation
we good
o7
VENUS35 USAF C-40B sw from JBA-this AC had a short test flight yesterday around JBA
U.S. court refuses to shield Volkswagen in diesel scandal lawsuits
A U.S. appeals court ruled on Monday that Volkswagen AG (VOWG_p.DE) cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a “staggering” additional liability arising from the German automaker’s diesel emissions scandal.
The unanimous ruling by a three-judge panel of the 9th U.S. Circuit Court of Appeals, sitting in Anchorage, Alaska, was a victory for Utah’s Salt Lake County and Florida’s Hillsborough County in their litigation against VW. The counties sued VW for causing excess diesel emissions harmful to the environment and could in theory seek billions of dollars in damages.
Volkswagen settled U.S. criminal and civil actions prompted by the scandal for more than $20 billion, but that did not shield it from liability from local and state governments, the 9th Circuit noted.
The 9th Circuit found that nothing in the Clean Air Act “raises the inference that Congress intended to place manufacturers beyond the reach of state and local governments.”
The judges wrote that they were “mindful that our conclusion may result in staggering liability for Volkswagen. But this result is due to conduct that could not have been anticipated by Congress: Volkswagen’s intentional tampering with post-sale vehicles to increase air pollution.”
The two counties each have penalties of $5,000 per day for tampering violations and had a combined total of at least 6,100 polluting VW diesel vehicles. U.S. District Judge Charles Breyer, who had ruled in the case in 2018, noted at the time that “the potential penalties could reach $30.6 million per day and $11.2 billion per year.”
Volkswagen has admitted to using illegal software to cheat U.S. pollution tests in 2015, allowing up to 40 times legally allowable emissions. This triggered a global backlash against diesel vehicles that has so far cost the automaker 30 billion euros ($33.3 billion) in fines, penalties and buyback costs.
https://www.reuters.com/article/us-volkswagen-emissions/u-s-court-refuses-to-shield-volkswagen-in-diesel-scandal-lawsuits-idUSKBN2383GV
U.S. companies issue shares at fastest rate ever, selling the rally
U.S. public companies sold more than $60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding. The benchmark S&P 500 Index .SPX has risen around 40% off of recent lows, hit in late-March at the height of market panic during the coronavirus outbreak, and is now roughly 10% shy of all-time highs hit in February.
The whipsawing markets stunted companies’ ability to issue new shares and raise cash, with just $4.8 billion sold in March, the lowest monthly total since December 2018, Refinitiv data showed.
The market has rocketed back with $22.3 billion sold in April and $65.3 billion in May, the highest on record. The likes of Southwest Airlines Co (LUV.N) and cruise operator Carnival Corp (CCL.N) have issued new stock to raise money. Major shareholders in companies such as BlackRock Inc (BLK.N) and U.S. drugmaker Regeneron Pharmaceuticals Inc (REGN.O) have cashed out their stock, with the market rebound far from certain to last. The share sales echo a similar trend in U.S. debt markets, where companies have raised more than $1 trillion so far in 2020.
As in debt markets, the balance of companies selling new shares has shifted from those facing an imminent cash crunch to those stocking up on rainy day funds.
https://www.reuters.com/article/us-health-coronavirus-usa-stocksales/u-s-companies-issue-shares-at-fastest-rate-ever-selling-the-rally-idUSKBN2383NG
Rainy day funds my ass….moar like sold to you