High-speed spending: Bullet train may need $3.5 million a day (CA)

By Ralph Vartabedian, Los Angeles TimesMay 13, 2012, 6:10 p.m.

If California starts building a 130-mile segment of high-speed rail late this year as planned, it will enter into a risky race against a deadline set up under federal law.

The bullet train track through the Central Valley would cost $6 billion and have to be completed by September 2017, or else potentially lose some of its federal funding. It would mean spending [...]

Obama criticized in reversal on child farm-labor regulations

The Obama administration’s move to scrap a plan that would prevent some children from working in dangerous farm jobs drew sharp rebukes Friday from child-welfare advocates who claim the president caved in to election-year pressure from farmers and Republicans.

The Labor Department spent more than a year working on the proposal to ban children younger than 16 from using power-driven farm equipment — including tractors — and prevent those under 18 [...]

One Third Of America’s Honey May Be A Dangerous And Illegal Import From China

by Mandi Woodruff

Without enough hives to support demand, the U.S. imports more than half of the 410 million pounds of honey it consumes each year.

China was the biggest supplier until the US slapped a tariff on Chinese exports to counter state subsidies. But China came up with a clever way to skirt the duties:

“They’ll ship their honey to another country, say, Malaysia or Thailand or India,” said Troy Fore of the American Beekeeping Federation. ”Then it’s apparently honey [...]

Mauldin: Kicking the Can to the End of the Road

Mauldin: Kicking the Can to the End of the Road

This week we turn from the crisis brewing in the US to the one that is coming to a slow boil in Europe. We visit our old friends Greece and Ireland and ponder how this will end. It is all well and good to kick the can down the road, but what happens when you come to the [...]

Japan To Cover Nuclear Reactors With Giant Tents

(Dow Jones) – Giant polyester covers will soon be placed around the damaged reactor buildings at Japan’s Fukushima nuclear complex to help contain the release of radioactive substances into the atmosphere, the plant operator said Friday.

Tokyo Electric Power Co. (TEPCO) will install the first cover at the No. 1 reactor, the focus of recent stabilization efforts, starting next month.

Workers will erect a steel framework [...]

Caterpillar Threatens to Leave Ill. Over High Taxes

SPRINGFIELD — The chairman and CEO of Peoria-based Caterpillar Inc. is raising the specter of moving the heavy equipment maker out of Illinois.

In a letter sent March 21 to Gov. Pat Quinn, Caterpillar chief executive officer Doug Oberhelman said officials in at least four other states have approached the company about relocating since Illinois raised its income tax in January.

“I want to stay here. But as the leader of this [...]