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New Technology Hopes To Cut Down On Drunk Driving Deaths By Nearly 60 Percent – CBS Baltimore
OCEAN CITY, Md. (WJZ) — A new breath alcohol detection system could help keep impaired drivers off the road. Thursday morning in Ocean City, Gov. Hogan attended a demonstration of the Driver Alcohol Detection System for Safety, or DADSS. Small sensors built inside the vehicle analyze the driver’s breath, similar to more traditional breathalyzers. The MVA …
Canada announces regulations to cut price of prescription drugs | World news
The Canadian government has announced regulations to reduce patented drug prices it said would save Canadians C$13.2bn (US$10bn) over a decade, overriding heavy opposition from pharmaceutical companies. The changes are the biggest reform to Canada’s drug price regime since 1987. They will save money for patients, employers and insurers including the government at the expense …
New Jersey Gas Utilities Embrace New Technology to Cut Greenhouse Emissions
(NEWARK, NJ – August 7, 2019) New Jersey’s Elizabethtown Gas is deploying technology originally pioneered by the non-profit Environmental Defense Fund (EDF) and Google Earth Outreach to reduce greenhouse emissions and enhance the safety of their underground pipeline network. The company will map and measure otherwise invisible methane leaks using mobile sensors and advanced analytics to …
Why the Federal Reserve Is Poised for Its First Rate Cut Since the Crisis
The Federal Reserve on Wednesday is widely expected to cut interest rates for the first time in more than a decade, even as the economic expansion in the United States reaches record length, unemployment hovers at historic lows and consumers keep spending. Uncertainty around global growth and persistently low inflation are behind the expected move, …
The Fed is prepared to cut interest rates for the first time in a decade
For the first time since the start of the recession more than a decade ago, the Federal Reserve is poised to cut interest rates in hopes of shielding the 11-year economic expansion from growing global uncertainties. The central bank is expected to announce its decision on interest rates Wednesday at 2 p.m. ET. The gradual …
A Fed interest rate cut is in the bag. What then?
SAN FRANCISCO (Reuters) – U.S. central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. That’s the easy part. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on …
ECB signals a rate cut, more monetary easing ahead
The European Central Bank (ECB) prepared markets for more easing measures on Thursday, causing the euro to fall to a two-year low against the dollar. The central bank said it expects its key interest rates to remain “at their present or lower levels” at least through the first half of 2020, updating the wording on …
Fed clarifies Williams speech that market took as signal of a rate cut
John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York, March 6, 2019. Lucas Jackson | Reuters When New York Federal Reserve President John Williams said central bankers need to “act quickly” as economic growth slows, a spokesperson said he was drawing from …
After massive layoffs, Deutsche Bank ready to cut spending on technology
At the heart of Chief Executive Officer Christian Sewing’s turnaround plan for Deutsche Bank AG is a contrarian bet: that he can cut spending on technology while gaining ground on the competition. Even with the digital revolution in finance accelerating, Deutsche Bank expects to trim its annual outlays on tech to 2.9 billion euros ($3.3 …
Goldman Sachs, IIF on market reaction to Fed rate cut, Powell comments
The underlying message by the Federal Reserve — after it cut interest rates on Wednesday — may not be as hawkish as many investors had interpreted it to be, according to the chief economist of Institute of International Finance. Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on …