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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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House GOP moves to block EPA rules on power plants 


MATTHEW DALY, Associated Press

WASHINGTON (AP) — In a long-expected skirmish, House Republicans are moving to block President Barack Obama's plan to limit carbon pollution from new power plants.

A bill targeting the power plant rule is slated for a vote on the House floor Thursday as GOP lawmakers fight back against what they call the Obama administration's "war on coal." Obama's proposal, a key part of his plan to fight climate change, would set the first national limits on heat-trapping pollution from future power plants.

A measure sponsored by Rep. Ed Whitfield of Kentucky, chairman of a House subcommittee on energy and power, would require the Environmental Protection Agency to set carbon emissions standards based on technology that has been in use for at least a year. Republicans and some coal-state Democrats say the EPA rule is based on carbon-capturing technology that does not currently exist.

Whitfield called the power plant proposal "one of the most extreme regulations of the Obama administration," adding that it would "make it impossible to build a new coal-fired power plant in America."

The White House has threatened to veto the measure, saying it would "undermine public health protections of the Clean Air Act and stop U.S. progress in cutting dangerous carbon pollution from power plants." Power plants account for about one-third of U.S. emissions of carbon dioxide and other greenhouse gases that contribute to global warming.

EPA Administrator Gina McCarthy and other officials have said the proposed rule — the first of two major regulations aimed at limiting carbon pollution from power plants — is based on carbon reduction methods that are "technically feasible" and under development in at least four sites. The rule affecting future plants is a prelude to a more ambitious plan, expected later this year, to control carbon pollution at existing power plants.

In January, McCarthy told the Senate Environment Committee: "We looked at the data available. We looked at the technologies. We made a determination that (carbon capture and storage technology) was the best system for emission reductions for coal facilities moving forward, because it was technically feasible and it would lead to significant emission reductions."

Whitfield and other critics dispute that, saying carbon capture technology is years away from being commercially viable.

The EPA rule would "mandate (emission) control technologies for power plants that are not yet commercially available, effectively banning new coal-fired power plants ... and setting a dangerous precedent that could cascade to other fuels," the National Association of Manufacturers said in a letter supporting Whitfield's bill.

But environmental groups said the bill would gut the EPA's authority to reduce carbon pollution.

"The bill sets up impossible tests for any EPA standard reducing carbon pollution to meet and allows utilities to decide what regulations will be for new power plants — effectively delaying the best emissions reductions technology for years or even decades," the League of Conservation Voters said in a letter urging lawmakers to oppose the bill.

The Republican-controlled House is likely to approve the Whitfield bill, but the fate of a companion measure sponsored by Sen. Joe Manchin, D-W.Va., is less certain.

Manchin said his bill would ensure that pollution standards imposed by the EPA are realistic, calling the current proposal "unattainable under today's technology."

 

 

 

 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?