Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
GOP braces for Trump’s $1T infrastructure push (The Hill) Republicans in Congress appear ready to embrace President-elect Donald Trump’s $1 trillion infrastructure proposal - at least for now. But even the most optimistic lawmakers caution that conservative support for his plan will hinge on the details, such as how the package is paid for and whether it’s coupled with other GOP priorities.
Trump takes credit for stopping Ford from moving jobs to Mexico, even though it wasn’t going to happen (The New York Daily News) President-elect Donald Trump took credit Thursday for preventing a move that was never going to happen in the first place. While Ford has made clear the company will move production of small cars from Michigan to a plant in Mexico, there’s no indication the automakers two plants in Kentucky were even in danger of closing. And Ford has said that the small car move is being made to "make room for two very important products we’ll be putting back into Michigan plants" and "there will be no jobs impact whatsoever". Here is the president-Elect's tweet (welcome to the fact-free zone):
Japan can have confidence in Trump as president, says Shinzo Abe after meeting (The Guardian) Japanese prime minister becomes first foreign leader to meet president-elect, as concerns reverberate in Asia-Pacific over future security and trade deals. Japan, one of the US’s closest allies, allowed itself a cautious sigh of relief after its prime minister, Shinzo Abe, described Donald Trump as someone in whom he had “great confidence" after they met in New York on Thursday.
In Canada, a Direct Link Between Fracking and Earthquakes (The New York Times) In Canada, a spate of earthquakes in Alberta within the last five years has been attributed to fracking, or hydraulic fracturing, in which water, chemicals, and sand are injected at high pressure into a well drilled in a shale formation to break up the rock and release oil and gas. Now, scientists at the University of Calgary who studied those earthquakes, near Fox Creek in the central part of the province, say the quakes were induced in two ways: by increases in pressure as the fracking occurred, and, for a time after the process was completed, by pressure changes brought on by the lingering presence of fracking fluid.
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