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Wednesday, October 26, 2016

Two Clashing Visions Of How America Will Power Its Cars, Homes

By Valerie Volcovici and Devika Krishna Kumar

(Reuters) – Forget the accusations of groping, bigotry and email mismanagement.

If the American voter had to choose between Republican nominee Donald Trump and his Democratic rival Hillary Clinton based on their energy policies alone, the presidential election would still be a remarkable drama, amounting to the biggest referendum on global climate change since the term was coined.

How the country decides on Nov. 8 will have far-reaching implications for the price of electricity and gas at the pump, as well as the future of the U.S. energy industry, which employs about 10 million people.…

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Why Gutting NAFTA Is Unlikely To Create More U.S. Jobs

By Timothy Aeppel

CUIDAD JUAREZ, MEXICO (Reuters) – Both U.S. presidential candidates routinely criticize free-trade deals they blame for the loss of American jobs.

But tweaking the North American Free Trade Agreement (NAFTA), as Hillary Clinton has pledged to do, or ripping it up, as Donald Trump demands, may do nothing to help companies like Element Electronics Corp, which owns America’s last television factory.

Winnsboro, South Carolina-based Element, and the television industry more broadly, offer a window into the complexity of industrial supply chains and illustrate why pushing manufacturing jobs back to the United States is so difficult.

Element’s plant in South Carolina is nearly identical to a rival factory operated by Taiwanese conglomerate Tatung Company that sits on a dusty back street in this Mexican border town.…

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Wells Fargo: Stumpf Was Only The Tip Of Corporate Rot

Just when you thought that Big Banker greed surely bottomed out with 2008’s Wall Street crash and bailout, along comes Wells Fargo, burrowing even deeper into the ethical slime to reach a previously unimaginable level of corporate depravity.

It’s one thing for these giants of finance to cook the books or defraud investors, but top executives of Wells Fargo have been profiteering for years by literally forcing their employees to rob the bank’s customers. Rather than a culture of service, executives have pushed a high-pressure “sales culture” at least since 2009, demanding that front-line employees meet extreme quotas of selling myriad unnecessary bank products to common depositors who just wanted a simple checking account.

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