In 2005, the USS America aircraft carrier was towed out to sea on her final voyage. Hundreds of miles (kilometers) off the Atlantic coast, U.S. Navy personnel blasted the 40-year-old warship with missiles and bombs until it sank.
The massive Kitty-Hawk class carrier — more than three football fields long — came to rest in the briny depths about 300 nautical miles (550 kilometers) southeast of Norfolk, Virginia.
Target practice is now how the Navy gets rid of most of its old ships, an Associated Press review of Navy records for the past dozen years has found. And they wind up at the bottom of the ocean, bringing with them amounts of toxic waste that are only estimated.
If there’s one accomplishment President Obama can take credit for during his first term in office, it’s expanding the size and reach of the federal government. While this may be good for government bureaucrats, the policies and regulations imposed by the Obama Administration are hurting American businesses and impeding economic recovery. Instead of focusing on creating new jobs, the administration has instead allowed the federal government to insert itself in places it’s never been and doesn’t belong.
One prime example of this, which has largely flown under the radar, is the President’s new plan to zone and regulate our oceans. Done unilaterally through Executive Order, the President’s National Ocean Policy will change how all federal agencies regulate activities impacting the ocean and Great Lake ecosystems. Without clear statutory authority, it sets up a new level of top-down federal bureaucracy with authority over the way inland, ocean and coastal activities are managed.
This has the potential to inflict damage across a spectrum of sectors including agriculture, fishing, construction, manufacturing, mining, oil and natural gas, renewable energy, and marine commerce, among others. These industries currently support tens of millions of jobs and contribute trillions of dollars to the U.S. economy.
By visiting Taiwan, Environmental Protection Agency Administrator Gina McCarthy is breaking a promise the U.S. made to China, a Chinese foreign ministry spokeswoman said at a briefing, adding that Beijing has lodged a protest, Reuters reports.
West Texas Intermediate dipped Tuesday on predictions that U.S. inventories increased last week, with the contract for May delivery closing down 30 cents to $103.75 a barrel on the Nymex. In London, Brent fell 33 cents on the final day of the May contract, to $108.74, Bloomberg reports.
CEO Jeff Immelt still has the support of the board at General Electric, but people familiar with the company say discussions have begun about whether GE should pick a veteran executive as his successor, The Wall Street Journal reports.
Richard Li, the Hong Kong billionaire outbid in the sale of bankrupt Fisker Automotive, still stands to make more than $60 million on the company’s loan he bought at auction from the Energy Department last year, The Wall Street Journal reports.
Sen. Mary Landrieu, D-La., facing a tough re-election battle, released a campaign ad in which she stresses her defense of the state’s oil industry and her power as the chair of the Senate Energy and Natural Resources Committee, as well as her differences with the Obama administration, The Hill reports.
Attorney General John Suthers considers Colorado to be ground zero in the debate over fracking, where voter initiatives against the drilling practice are multiplying even as the oil boom in the state intensifies, The Denver Post reports.