Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trial to begin against railroad over deaths in Montana town where thousands were exposed to asbestos

AMY BETH HANSON and MATTHEW BROWN
April 08, 2024

HELENA, Mont. (AP) -- A trial begins Monday against Warren Buffett's BNSF Railway over the lung cancer deaths of two people who lived in a small northwestern Montana town where thousands of people were exposed to asbestos from a vermiculite mine.

For decades, the W.R. Grace & Co. mine near Libby produced the contaminated vermiculite that exposed residents to asbestos, sickening thousands and leading to the deaths of hundreds.

The estates of Thomas Wells, of LaConner, Oregon, and Joyce Walder, of Westminster, California, filed a wrongful death lawsuit in 2021, arguing that BNSF and its corporate predecessors stored asbestos-laden vermiculite in a large rail yard in town before shipping it to plants where it was heated to expand it for use as insulation.

The railroad failed to contain the dust from the vermiculite, allowing it -- and the asbestos it contained -- to be blown around town without warning residents about its dangers, the lawsuit states.

People who lived and worked in Libby breathed in the microscopic needle-shaped asbestos fibers that can cause the lung cancer mesothelioma or lung scarring called asbestosis, the lawsuit argues.

Wells, 65, died on March 26, 2020, a day after giving a 2 1/2-hour recorded deposition for the lawsuit, talking about his exposure during seasonal work for the U.S. Forest Service in the Libby area in the late 1970s and early 1980s. He said his pain was intolerable and he felt bad that his sons and friend had to take care of him.

Wells said he was diagnosed with mesothelioma in the fall of 2019 after feeling an ache in his back and developing a serious cough. Initially, doctors said there might be a surgical treatment, but that was quickly eliminated. Chemotherapy treatment also didn't help, but he had to sell his house to help cover the medical bills, he said.

Walder died in October 2020 at the age of 66. She lived in Libby for at least 20 years and could have been exposed to asbestos while fishing and floating on a river that flowed past a spot where vermiculite was loaded onto train cars, according to court records. Her exposure may have also come from playing on and watching games on the baseball field near the rail yard or walking along the railroad tracks and occasionally heating up pieces of vermiculite to watch it puff up, court records said.

BNSF Railway is expected to argue that there's no proof Wells and Walder were exposed to asbestos levels above federal limits, that if they were in the rail yard they were trespassing and that Wells' and Walder's medical conditions were not caused by BNSF.

U.S. District Court Judge Brian Morris is overseeing the trial and has said he expects it to last at least two weeks.

Morris has already ruled that BNSF cannot try to shift blame onto other companies that might also be liable for asbestos exposure in Libby. However, the railway is expected to argue that amounts paid to Wells, Walder or their estates by other parties responsible for asbestos exposure should be deducted from any damages granted in this case.

The human and environmental disaster in Libby has led to civil claims by thousands of residents, including people who worked at the mine or for the railroad, family members of workers who brought asbestos fibers home on their clothes, and residents who say their exposure occurred elsewhere.

The legal settlements have run into the millions of dollars for W.R. Grace & Co., BNSF Railway, other businesses and their insurers. W.R. Grace paid $1.8 billion into an asbestos trust fund in 2021 after the company emerged from bankruptcy protection. The company had previously settled many individual cases.

Another case against BNSF Railway alleging community -- rather than work-related -- exposure to asbestos is scheduled to go to trial next month in U.S. District Court in Missoula, said Ross Johnson, an attorney who is representing the estate of Mary Diana Moe. She died of mesothelioma in December 2022 at age 79.

__

Brown reported from Libby, Mont.

Continue Reading...

Popular

Why Is Occidental Petroleum Stock Gaining Tuesday?

Analysts highlight OXY's robust earnings, production guidance, and expanded resource base as key growth drivers.

Trump May Formally Offer Putin Control of Occupied Ukrainian Land in Proposed Peace Deal

The U.S. is reportedly prepared to formally acknowledge Russia's hold over Crimea and parts of eastern and southern Ukraine as part of a proposed agreement to end the war.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

TSMC Ex-VP's Home Raided As Chip Giant Alleges Intel Recruit Leaked Trade Secrets

Taiwan prosecutors raided the homes of a former TSMC vice president accused of leaking advanced chipmaking secrets to Intel, a claim Intel firmly denies as the high-stakes investigation intensifies.

What's Going On With Papa John's (PZZA) Stock Today? (UPDATED)

Shares of Papa John's International, Inc. (NASDAQ: PZZA) moved higher on Monday. Here's what you need to know.

Buy This Gold Stock Before the New Year - Ad

America is about to see a massive shift in how regular people buy and store gold. Next year, the world's largest gold buyer is expected to launch a new way for everyday Americans to invest in gold with a simple tap on their phone - and it could go live in 2026. When it does, a tiny gold stock trading around $1.60 could explode.

Shell Drags Venture Global To New York Supreme Court Over Disputed LNG Contracts

Shell PLC (NYSE: SHEL) filed appeal challenging its loss in arbitration dispute with Venture Global, claiming crucial info was concealed.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Full blackout hits the Dominican Republic as crews scramble to restore power

SANTO DOMINGO, Dominican Republic (AP) — A rare blackout hit the entire on Tuesday, snarling traffic and paralyzing businesses in the country of nearly 11 million people.

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

WASHINGTON (AP) — The Democratic senators — eight in total — faced almost instant blowback from members of their own party as to allow the Senate to move forward on that would reopen the government.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Turkish official says Black Sea tankers may have been hit by mines, missiles or drones

ISTANBUL (AP) — Two oil tankers said to be part of Russia’s “shadow fleet” that were set ablaze off Turkey’s Black Sea coast may have been hit by mines, drones or missiles, a senior Turkish official said Saturday.

Canada's prime minister and Alberta's premier sign pipeline deal that could reverse oil tanker ban

TORONTO (AP) — and the premier of Canada’s oil rich province of Alberta agreed Thursday to work toward building a pipeline to the Pacific Coast to diversify the country’s oil exports beyond the United States, in a move that has caused turmoil in Carney's inner circle.

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Trump's turning tiny mining stocks into overnight fortunes... and this little-known rare earths miner could be his next billion-dollar BUY. If Trump cuts a deal you could see a 50% to 200% pop overnight. But you must act before the next deal hits the wire.

Asian shares are mixed in holiday-thinned trading with Wall Street closed for Thanksgiving

MANILA, Philippines (AP) — Asian shares were mixed Friday in holiday-thinned trading as tech stocks slipped as a recent rebound driven by hopes for an interest rate cut by the Federal Reserve lost steam.

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Paul Krugman Warns AI Rallies Driven By Rate-Cut Hopes Are 'Dead Cat Bounces' — Says It 'Bears an Unmistakable Resemblance' To The Dot-Com Era

Economist Paul Krugman is drawing sharp parallels between the current state of the AI trade and the final years of the dot-com boom in the 1990s, while warning that investors might be misreading the Federal Reserve's recent signals and actions.

Kyndryl Wins Wall Street Support As 'Triple A' Plan Fixes Profits After IBM Split: Analyst

Guggenheim analyst initiates coverage on Kyndryl with a Buy rating and a price forecast of $30. Kyndryl has executed a successful turnaround strategy and is well-positioned to gain share in the growing IT infrastructure services market. Guggenheim analyst initiates coverage on Kyndryl with a Buy rating and $30 price target. Kyndryl has executed a successful turnaround strategy and is well-positioned in the growing IT infrastructure services market.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." It could cut the entire tech marketing by HALF.

Armani fashion group appoints new board to guide company after designer's death

ROME (AP) — Italy’s fashion house Armani said on Friday that it has appointed a new board whose role will be to guide the company at a time of transition following of its founder Giorgio Armani earlier this year.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Michael Burry Not Alone: Peter Andersen Dumped Nvidia Months Ago, Anticipating 'Accounting Questions'

Michael Burry isn't alone: Peter Andersen dumped Nvidia months ago, citing "accounting questions" and calling the AI boom a "fantasy."

Baidu Unveils 5-Year AI Chip Roadmap To Replace Nvidia in China

Baidu Inc is challenging Huawei and Nvidia in China's AI chip market. Analysts predict its success as the demand for AI chips increases.

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

What's Going On With Alnylam Stock On Friday?

Alnylam stock climbs as earnings beat, sales soar and new Amvuttra data shows cardiac benefits, adding momentum to its strong 2025 run.

Here's what to know about the federal ban threatening the market for THC-infused drinks and snacks

MINNEAPOLIS (AP) — The production lines at Indeed Brewing moved quickly, the cans filling not with beer, but with THC-infused seltzer. The product, which features the compound that gets cannabis users high, has been a lifeline at Indeed and other craft breweries as in recent years.

Buy This Gold Stock Before the New Year - Ad

America is about to see a massive shift in how regular people buy and store gold. Next year, the world's largest gold buyer is expected to launch a new way for everyday Americans to invest in gold with a simple tap on their phone - and it could go live in 2026. When it does, a tiny gold stock trading around $1.60 could explode.

Pichai Says Quantum Is Where 'AI Was 5 Years Ago' — Are Quantum Stocks The Next Moonshot Trade?

Google CEO Sundar Pichai predicts that quantum computing will be as big as AI in 5 years, signaling the start of a new investment wave.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service