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Cedar City fair skies now forecast calling for sun and a high near 48 today. Looks like it will be sunny all around the state , including in Salt Lake City today . Hi . 48 as well . 30 one . Currently , it’s not like City International .
I’m floral X Men , and the next Science Friday how does where you live , determine what lives in you. Researchers found when people moved to the US similar microbes moved out . Where did they go and what are the consequences Plus move over pumpkin spice , a look at the hottest new spice trends that’s on Science Friday from W NYC studios .
That Science Friday today at noon here on K you we are.
The Keystone XL pipeline off on now off again.
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In New York. I’m sorry , Ben ashore in for David Brancaccio , a federal judge in Montana has blocked the Keystone XL pipeline which would deliver oil from Canada to Nebraska the Trump administration gave the $8 billion oil pipeline the go-ahead last year . Overruling the Obama administration marketplace’s Nancy Marshall Ganzer reports on what’s next for the pipeline .
Judge Brian Morris told the Trump administration it needs to submit quote a reasoned explanation to justify its decision to give a permit to Trans Canada , the Canadian firm building the Keystone XL pipeline but energy analysts bays of hate capital Markets says this is just paperwork.
We call it and expelling exercise really because the administration doesn’t need to change their decision in any way , but they need to show that they took a hard look at climate change and other issues.
Including the effects of low gas prices and potential oil spills , but base thinks the administration will only take 3 to 5 months to address those issues and we issued the permit now there are several other lawsuits that could delay the pipeline and Trans Canada hasn’t finalized the project yet by actually spending money.
So the final investment decision appears to be contention upon resolution of some of these legal challenges.
Bae says Trans-Canada has told investors to expect a decision by the end of this year or early next. In Washington , I’m Nancy Marshall Ganz are for marketplace .
Let’s take a look at the numbers.
The Dow Jones industrial average is down 171 points. That is 7-tenths of a percent . The S&P 500 is down 8-tenths of a percent . The Nasdaq down 1.3% .
The 10 year Treasury yield is at 3.1-9 percent. New York would get 25,000 tech workers plus perhaps their families if Amazon expands here . Google will bring another 12,000 employees . If it also decides to expand here which the Wall Street Journal reports . The company intends to do critics wonder what this will mean for New York‘s already crowded and strained infrastructure marketplace’s Justin has more on what New Yorkers think the possibility of 12,000 new jobs in New York .
I think that’s fantastic way can I sign up. I’m being serious .
That’s Jennifer Kelly a sales director in Jean Lopez an iron worker. But this is also a city with an ailing transit system .
At another 12,000 people on there , and it might it might get a little hectic.
That’s Carol Alexander a coffee vendor too many tech workers in the city could become too homogenous says Terry John , who’s a software engineer at Amazon.
Just all tech gross around the entire city all you hear is just technology.
Douglas rush cough is the author of throwing rocks at the Google bus in The New Yorker himself he has a different concern.
The genuinely missed opportunity here is from New York to have really developed its own technology culture.
Still , he says. New York‘s economy is too diverse for any one sector to change its culture in New York and just in hell for marketplace .
Google says it will stop using forced arbitration to handle workers allegations of sexual misconduct , this one a pie contractors last week , more than 20,000 employees protested Google’s policies after it was reported that a senior executive had received a $90 million exit package despite what the company found to be credible accusations of sexual harassment.
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Europe has rules for its member countries on how much debt. They can go into those member countries do not always follow them Italy especially has run afoul of EU rules on deficit spending and is facing a budget deadline on Tuesday , for better for worse here in the US , we don’t have a strict definition of too much debt . But our next guest says Europe‘s definition is basically made up Matthew Klein is economics commentator at Barents .
So the Europeans are thinking primarily about how to reduce Italy’s debt because they think that Italy’s government debt at 130% of GDP. It’s too big . They came up with the definition , about 30 years ago , but that should be 60% that definition is not based on economic analysis , it’s based on what was the average at the time in Western Europe .
The European Union does have a certain amount of flexibility to allow countries to go into little more dad when they need to because countries need to do that when they’re in trouble and support their economies and they can pay it off later but Europe doesn’t actually believe that Italy is in trouble. Why is that .
So the reason is that the flexibility that they give is based on a mathematical calculation relating to inflation and the problem is that this doesn’t really work well for countries that have had severe depression. Italy’s problem is that even though the economy is significantly smaller now than it was 10 years ago the European Commission’s data imply that Italy is actually fully recovered and the Italian government disagrees with us as men .
The fact that there are such divergent assessments between member countries in the EU as to how the individual economies of that block are doing does not bode well for a Union that is trying to stick together. Is there any attempt to resolve these definitions that are so arbitrary .
In terms of the flexibility provided by the Treaties. It seems like it’s going to be a very tricky because you have a large bloc of countries within Europe , particularly within Northern Europe that has a view that government debt is a fundamentally destabilizing force in an economy and should be reduced as much as possible in all circumstances . That is a very extreme view , it’s not what most normal economists would think is sort of the way governments run their policy and sort of default state , but that is effectively what has been baked into the trees .
Matthew Klein economics commentator for parents. Thanks so much . Thank you very much for having me .
Our executive producer is Nicole child there’s our digital producer as Tony Wagner now engineers just that and in New York. I’m sorry , Ben ashore with the Marketplace Morning Report .
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Democrats may have slipped the house but the midterm election isn’t over yet their ballots still to be counted and recounted , we’ll have the latest also this Veterans Day some vets tried to give a new meaning to the phrase. Thank you for your service and advice not to be alone where they want to be or not . Saturday and weekend Edition from NPR News . Tomorrow morning from 6 to 10 Karen Kay you we are .
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Where were you when you were anywhere you really from K you we’re news in Salt Lake City. This is really a West I’m back for breezy out something happened to one hundred 15 English settlers who landed on an island in what is now North Carolina in 1587 when leader expedition .