TRUMP EX­PECTED TO NAME GOLD­MAN EXEC TO ECO­NOMIC POST

The Denver Post - - BUSINESS -

Pres­i­dent-elect Don­ald Trump is ex­pected to name Gary Cohn, the No. 2 ex­ec­u­tive at Gold­man Sachs, to a prom­i­nent White House eco­nomic post, ac­cord­ing to two peo­ple in­formed of the de­ci­sion

Cohn, 56, would lead the White House’s Na­tional Eco­nomic Coun­cil, a post­ing that would re­quire him to leave his $21-mil­lion-a-year job as pres­i­dent and chief op­er­at­ing of­fi­cer at Gold­man. On the cam­paign trail, Trump re­peat­edly vil­i­fied Gold­man Sachs for the firm’s out­size in­flu­ence in the fi­nan­cial sys­tem. Yet with Cohn’s se­lec­tion, Trump will have named three cur­rent or for­mer Gold­man of­fi­cials to key po­si­tions in his ad­min­is­tra­tion.

Red tape halts South­west flights to Mex­ico af­ter three days. South­west

Air­lines has stopped new flights be­tween Los Angeles and three re­sort cities in Mex­ico be­cause Mex­i­can au­thor­i­ties haven’t fin­ished the pa­per­work au­tho­riz­ing the ser­vice.

Amer­i­can Air­lines has been forced to de­lay one new route to Mex­ico while it too awaits ap­proval.

In both cases, the flights were added af­ter the U.S. and Mex­ico agreed in Au­gust to loosen re­stric­tions that had lim­ited cross-border flights.

South­west sub­mit­ted all re­quired pa­per­work to Mex­ico more than three months ago, air­line spokes­woman Brandy King said Fri­day.

A spokes­woman for the U.S. De­part­ment of Trans­porta­tion con­firmed that the gov­ern­ment has got­ten in­volved to re­solve the is­sue.

Wash­ing­ton state sues Mon­santo over PCB pol­lu­tion. Wash­ing­ton has

be­come the first U.S. state to sue the agro­chem­i­cal gi­ant Mon­santo over per­va­sive pol­lu­tion from PCBs, the toxic in­dus­trial chem­i­cals that have ac­cu­mu­lated in plants, fish and peo­ple around the globe for decades.

Demo­cratic Gov. Jay Inslee and At­tor­ney Gen­eral Bob Fer­gu­son an­nounced the law­suit at a news con­fer­ence in down­town Seat­tle Thurs­day, say­ing they ex­pect to win hun­dreds of mil­lions or even bil­lions of dol­lars from the com­pany. The com­pany said the case “lacks merit.”

PCBs, or poly­chlo­ri­nated biphenyls, were used in many in­dus­trial and com­mer­cial ap­pli­ca­tions. Mon­santo pro­duced them from 1935 un­til Congress banned them in 1979

Michi­gan al­lows self-driv­ing cars on roads – with­out driv­ers.

Com­pa­nies can now test self-driv­ing cars on Michi­gan pub­lic roads with­out a driver or steer­ing wheel un­der new laws that could push the state to the fore­front of au­ton­o­mous ve­hi­cle de­vel­op­ment.

The pack­age of bills signed into law Fri­day also al­lows au­tomak­ers and tech com­pa­nies to run au­ton­o­mous taxi ser­vices and sales of self-driv­ing ve­hi­cles once they are tested and cer­ti­fied, ac­cord­ing to the state.

Ja­pan rat­i­fies Pa­cific trade pact that Trump plans to dump.

Ja­panese Prime Min­is­ter Shinzo Abe won par­lia­men­tary ap­proval Fri­day for rat­i­fi­ca­tion of the Trans-Pa­cific Part­ner­ship, de­spite U.S. Pres­i­dent-elect Don­ald Trump’s plan to with­draw from the 12-na­tion trade pact.

Up­per house law­mak­ers ap­proved the TPP, heed­ing Abe’s calls to push ahead with it de­spite Trump’s re­jec­tion of the free-trade ini­tia­tive cham­pi­oned by Pres­i­dent Barack Obama.

Rat­i­fi­ca­tion of reg­u­la­tory re­vi­sions by the Cab­i­net is ex­pected soon.

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