Wednesday’s Mini-Report, 4.6.16

Today’s edition of quick hits:
 
* Justice: “A judge today ordered Don Blankenship, the former Massey Energy CEO, to serve one year in prison and pay a $250,000 fine, the maximum penalty allowed for his conviction for conspiring to violate federal mine safety and health standards at the Upper Big Branch Mine, where 29 miners died in a massive underground explosion.”
 
* Worthwhile reform: “U.S. brokers managing retirement accounts must adhere to tough new standards under an Obama administration rule released Wednesday that aims to protect millions of savers from conflicted investment advice.”
 
* So, he is out of office or not? “Iceland’s already fragile coalition government was thrown into further uncertainty on Wednesday after the country’s prime minister said he had not formally resigned but had stepped aside for an ‘unspecified’ period after leaked documents linked him to an offshore company.”
 
* More Panama Papers fallout: “At least three of the seven people on the Chinese Communist Party’s most powerful committee, including President Xi Jinping, have relatives who have controlled secretive offshore companies, the organization that has publicized a trove of leaked documents about hidden wealth reported on Wednesday.”
 
* Family values: “San Francisco became the first U.S. city to require six weeks of paid leave for new parents Tuesday, nearly doubling the amount of money new parents will bring in while caring for their newborns.”
 
* A case worth watching: “The Justice Department on Wednesday filed an antitrust lawsuit challenging Halliburton Co.’s planned acquisition of rival Baker Hughes Inc., alleging that the deal would threaten higher prices and reduced innovation in the oil-field services industry.”
 
* In the clear: “The criminal case against former Gov. Rick Perry has been officially dismissed.”
 
* Oh my: “A Newtown Middle School teacher was found with a concealed gun at the Connecticut school Wednesday morning and has been arrested and placed on administrative leave, according to police.”
 
* I’m glad this is finally resolved: “Gov. Paul LePage administered the oath of office to state Sen. Susan Deschambault on Tuesday afternoon, four days after he abruptly canceled her first scheduled swearing-in to send a message to Democratic lawmakers.”
 
Anything to add? Consider this an open thread.
 
 
 

Wednesday's Mini-Report, 4.6.16