The Trump administration announced on Friday a plan designed to make it easier for coal-fired power plants, after nearly a decade of restrictions, to release into the atmosphere more mercury and other pollutants linked to developmental disorders and respiratory illnesses [Editor's note: the link may be paywalled; alternative source]. From a report: The limits on mercury, set in 2011, were the first federal standards to restrict some of the most hazardous pollutants emitted by coal plants and were considered one of former President Barack Obama's signature environmental achievements. Since then, scientists have said, mercury pollution from power plants has declined more than 80 percent nationwide. President Trump's new proposal does not repeal the regulation, known as the Mercury and Air Toxics Standards, but it would lay the groundwork for doing so by weakening a key legal justification for the measure. The long-term impact would be significant: It would weaken the ability of the E.P.A. to impose new regulations in the future by adjusting the way the agency measures the benefits of curbing pollutants, giving less weight to the potential health gains.

In announcing the proposed rule, the Environmental Protection Agency said in a statement that the cost of cutting mercury from power plants "dwarfs" the monetary benefits. The proposal, which the acting E.P.A. administrator, Andrew Wheeler, signed on Thursday, is expected to appear in the federal register in the coming weeks. The public will have 60 days to comment on it before a final rule is issued. [...] Reworking the mercury rule, which the E.P.A. considers the priciest clean air regulation ever put forth in terms of annual cost to industry, would represent a victory for the coal industry, and in particular for Robert E. Murray, an important former client of Mr. Wheeler's from his days as a lobbyist.

An anonymous reader shares a report: Netflix is further distancing itself from Apple's 15% iTunes tax bracket. Earlier this year, the streaming giant enabled iOS users in more than two dozen markets to bypass the iTunes payment method as part of an experiment. The company now tells VentureBeat that it has concluded the experiment and has incorporated the change globally. "We no longer support iTunes as a method of payment for new members," a Netflix spokesperson told VentureBeat. Existing members, however, can continue to use iTunes as a method of payment, the spokesperson added. Additionally, the support rep added that customers who are rejoining Netflix using an iOS device, after having canceled payment for at least one month, also won't be able to use iTunes billing. The move, which will allow Netflix to keep all proceeds from its new paying iPhone and iPad customers, underscores the tension between developers and the marquee distributors of mobile apps -- Apple and Google.

An anonymous reader shares a report: Sears, the employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces. But as Lampert stares down a deadline of Dec. 28 to submit his offer, he is quickly running out of time. As of Thursday afternoon, Lampert had neither submitted his bid, nor rounded up financing, the people familiar said. Should Lampert submit a bid, Sears' advisors would have until Jan. 4 to decide whether he is a "qualified bidder." Only then, could ESL take part in an auction against liquidation bids on Jan. 14. It is possible Lampert, Sears' largest investor, secures financing in time to meet the deadline, these people said.

Retron shares a report: Music retailer HMV has confirmed it is calling in KPMG as administrators. The move, the second in six years, involves 2,200 staff at 125 stores. Owners Hilco, which took the company out of its first administration in 2013, blamed a "tsunami" of retail challenges, including business rate levels and the move to digital. It said the stores would continue to trade while negotiations were held with major suppliers and it looked for buyers. Paul McGowan, executive chairman of HMV and its owner Hilco Capital, said: "Even an exceptionally well-run and much-loved business such as HMV cannot withstand the tsunami of challenges facing UK retailers over the last 12 months on top of such a dramatic change in consumer behaviour in the entertainment market."

He pointed out HMV sold 31% of all physical music in the UK in 2018 and 23% of all DVDs and Blu-rays, with its market share growing month by month throughout the year. But he added that the industry consensus was that the market would fall by another 17% during 2019 and therefore it would not be possible to continue to trade the business. Holders of gift vouchers are being advised to consider spending them sooner rather than later.

Federal Communications Commission Chairman Ajit Pai said on Friday the agency had launched an investigation into a nationwide CenturyLink outage that has affected 911 service for consumers across the country. In a statement, he said [PDF]: "When an emergency strikes, it's critical that Americans are able to use 911 to reach those who can help. The CenturyLink service outage is therefore completely unacceptable, and its breadth and duration are particularly troubling. I've directed the Public Safety and Homeland Security Bureau to immediately launch an investigation into the cause and impact of this outage. This inquiry will include an examination of the effect that CenturyLink's outage appears to have had on other providers' 911 services. I have also spoken with CenturyLink to underscore the urgency of restoring service immediately. We will continue to monitor this situation closely to ensure that consumers' access to 911 is restored as quickly as possible." The outage, which lasted all day Thursday and is still ongoing in certain states, knocked out 911 emergency call services in parts of western Washington state. News outlet KOMO reported that some CenturyLink customers reported receiving busy signals when dialing 911. Other areas of the country also experiencing 911 outages included parts of Missouri, Idaho and Arizona. Some ATM machines weren't working in Idaho and Montana. And additionally, Verizon said it had service interruptions in Albuquerque, New Mexico, and parts of Montana as a result of issues with CenturyLink.

An anonymous reader shares a report: When General Motors laid off more than 6,000 workers days after Thanksgiving, John Patrick Leary, the author of the new book Keywords: The New Language of Capitalism, tweeted out part of GM CEO Mary Barra's statement. "The actions we are taking today continue our transformation to be highly agile, resilient, and profitable, while giving us the flexibility to invest in the future," she said. Leary added a line of commentary to of Barra's statement: "Language was pronounced dead at the scene." Why should we pay attention to the particular words used to describe, and justify, the regularly scheduled "disruptions" of late capitalism? Published this month by Haymarket Books, Leary's Keywords explores the regime of late-capitalist language: a set of ubiquitous modern terms, drawn from the corporate world and the business press, that he argues promulgate values friendly to corporations (hierarchy, competitiveness, the unquestioning embrace of new technologies) over those friendly to human beings (democracy, solidarity, and scrutiny of new technologies' impact on people and the planet).

These words narrow our conceptual horizons -- they "manacle our imagination," Leary writes -- making it more difficult to conceive alternative ways of organizing our economy and society. We are encouraged by powerful "thought leaders" and corporate executives to accept it as the language of common sense or "normal reality." When we understand and deploy such language to describe our own lives, we're seen as good workers; when we fail to do so, we're implicitly threatened with economic obsolescence. After all, if you're not conversant in "innovation" or "collaboration," how can you expect to thrive in this brave new economy? [...] Calling our current economic system "late capitalism" suggests that, despite our gleaming buzzwords and technologies, what we're living through is just the next iteration of an old system of global capitalism. In other words, he writes, "cheer up: things have always been terrible!" What is new, Leary says, quoting Marxist economic historian Ernest Mandel, is our "belief in the omnipotence of technology" and in experts. He also claims that capitalism is expanding at an unprecedented rate into previously uncommodified geographical, cultural, and spiritual realms.

There was a boom; then a hum. The lights flickered. A giant plume of smoke filled the New York City sky, and turned it blue. From a report: "A sort of unnatural, fluorescent shade of blue," said Bill San Antonio, 28, who was watching Thursday night from inside a terminal at La Guardia Airport. "We thought it was a U.F.O.," said Yiota Androtsakis, a longtime Astoria resident. Ms. Androtsakis was not the only one. In the earliest moments, hundreds of Twitter users from across the city posted videos of the eerie lights, causing many on social media to fear an alien invasion.

By late Thursday night officials said the event was caused by nothing more than a transformer explosion. "No injuries, no fire, no evidence of extraterrestrial activity," the New York Police Department tweeted, adding later that the explosion was not suspicious. There was one Con Edison employee nearby when the fire started, and the authorities said he was unharmed. Still, Deputy Inspector Osvaldo Nunez, the commanding officer of the 114th Precinct, conceded that the episode "was spectacular." "You could see it from the precinct, and the precinct is about a half-mile away," he said. "You felt it in your chest, the explosions, and the night sky turned an electric blue."