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Norfolk Southern “must pay” for the destruction caused

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Norfolk Southern ordered to pay for the damage caused following Ohio train derailment

As investigations into the Norfolk Southern train derailment continue, U.S. authorities are ordering the company to pay for the clean-up or face steep fines.

The train was carrying vinyl chloride and other potentially hazardous substances when it derailed.

Norfolk Southern is now facing multiple lawsuits, with many residents forced to flee their homes.

The Environmental Protection Agency has confirmed the company will “pay for cleaning up the mess they created and for the trauma they’ve inflicted on [the] community”.

Following the disaster, residents have been presenting with headaches and nausea, and expressed fears that local water supplies may be contaminated.

This is despite repeated assurances of local, state and federal officials that it is safe for consumption.

Meanwhile, Ohio Governor Mike DeWine says Norfolk Southern “needs to be made to pay” for any medical costs stemming from the derailment.

DeWine is also calling for long-term changes to how railroads operate.

He called it “absurd” and “fundamentally wrong” a train carrying potentially hazardous chemicals was not required to alert local authorities when it was in transit.

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Falling in love with stocks with Nick Quinn

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On this week’s episode of Talk Ya Book, Chris Judd is joined by Spatium Capital’s Nick Quinn to discuss the why investors fall in love with stocks, when to sell and why three of his choices are performing strongly.

Proudly presented by Honan.

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Bank battering sees mess start to clean up

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What will the future of the banking sector look like?

 
The once-mighty banking sector has taken a battering over the past month.

From two U.S. banks closing down, to one in Switzerland merging with its biggest rival, the sector has sent shockwaves throughout financial markets around the world.

And another European Bank could be following suit.

But, what will the future of the industry start to look like, once the mess has been cleaned up?

Founder and CEO of Umee, Brent Xu, joined us to discuss.

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Disney to axe 7,000 jobs

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The Mouse House will deliver two rounds of layoffs

Disney has announced it will begin to axe 7,000 jobs, as it seeks to control costs and create a more “streamlined” business.

Several major divisions of the company, including Disney Entertainment, Disney Parks, Experiences and Products, and corporate, will be impacted.

Disney will begin notifying the first group of employees who are impacted by the workforce reductions over the next few days.

A second, larger round of job cuts will happen in April, with several thousand more staff reductions.

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