By Jeffrey A. Newman Esq.
China just announced Chaotan One, which it called the world's first commercial deployment of the sC02 power generator in a steel factory in Liupanshui, Guizhou Province. This facility has two 15 megawatt units that were connected to the grid last month. This, China says...
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How much oil Venezuela has and what is its output?
Venezuela has about 303 billion barrels of crude oil reserves, the largest total of any country in the world. However, its oil if ultra heavy crude which is dense requiring heating, dilution and upgrading so it can be refined. According to reports, Venezuela's oil fields are not in good shape at...
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Use of retired Navy nuclear reactors to power data centers is under consideration by U.S. officials and others
By Jeffrey A. Newman Esq.
Nuclear reactors that once powered the U.S. Navy's aircraft carriers including the USS Nimitz may be re-fitted, along with others, to help power the articifical intelligence data centers. The Nimitz's two nuclear reactors, which gave it endurance at sea, is in the...
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U.S. approves Samsung to ship semiconductor chipmaking tools to China in 2026
The U.S. Government has granted an annual license to SK Hynix and Samsung Electronics to deliver chip manufacturing equipment to their facilities in China for 2026, according to a Reuters story today. Previously, the two companies had been granted a validated end user status which allowed qualifying factories in China to receive...
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China expands its sanctioned U.S. companies list after sales of weapons to Taiwan
By Jeffrey A. Newman Esq.
China has a growing list of sanctions against U.S. defense companies and sernior executives including Raytheon and BAE Systems in response to the decision of the U.S. Government and those companioes to sell weapons to Taiwan. In addition China's Ministry of Commerce recently issued...
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US Treasury announces targeting of over 100 US money services for money laundering
By Jeffrey A. Newman Esq.
The U.S. Treasury FInancial Crimes Enforcement Network (FinCEN) announced that it would be examining over 100 U.S. money services that are operaitng along the southwest border of our country. These services provide financial services outside of a formal bank. The operation will reveal potential...
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US Treasury sanctions 29 vessels and their management companies for helping Iran evade oil sanctions your info may lead to whistleblower case
By Jeffrey A. Newman Esq.
The U.S. Department of the Treasury has sanctioned 29 vessels and their management companies for assisting Iran in evading U.S. oil sanctions through deceptive shipping practices. Information on anyone within the US that does business with any of these entities and persons may lead...
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Ford Motor Company has seen the light and is starting a battery storage business to power data centers in the US
By Jeffrey A. Newman Esq.
The Ford Motor Company is a taking a lesson from Victorinox Co, maker of the Swiss Army Knife which laterally expanded its business based on its knife success and the needs of its consumers. Now Victorinox produces high quality products with the same logo...
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Wound graft company APEX Medical to pay $309 million to settle fraud case for fraudulent claims to Medicare
According to the Department of Justice, owners of several Arizona wound graft companies were sentenced to significant terms of incarceration for causing over $1.2 billion of false and fraudulent claims to be submitted to Medicare and other health insurance programs for medically...
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China’s ZTE may pay over $1 billion to US on foreign bribery allegations according to Reuters
The Chinese telecom erquipment manufacturer ZTE Corporation may have to pay in excess of $1 billion to the United States Government to settle a U.S. investigation into ZTE for allegedly violating the Foreign Corrupt Practices Act (FCPA) in South America and other regions, Reuters sais. The act prohibits payments or anything of...
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