John Zeiner, Business Editor
- More than 26,000 people have gone missing in Mexico over the past six years as the country’s government cracked down on drug cartels. The shocking statistic was released Tuesday but the authorities do not have data on how many of those disappearances are connected with organized crime. The 26,121 disappearances occured during former President Felipe Calderon’s six year administration which ended this past December. The government has said this is a priority for them.
- The Obama administration is moving towards providing nonlethal military equipment and possibly strategic military training to aid the Syrian opposition. However, they will not provide weapons. In addition, they are planning on giving humanitarian aid. The United States is helping the Syrian government in exile get on its feet by developing government institutions, strategic communications and outreach. The changes are under discussion with allies as well as a part of Secretary of State John Kerry’s meetings this week in Europe. The government is looking to redefine what lethal is. They are looking to remove restrictions on “dual- use” equipment, such as those involving communications, body armor, flak jackets, night-vision equipment and military vehicles.
- Austrailian billionaire, Clive Palmer, has plans to build a Titanic replica which he will finance. He unveiled blueprints for the ship that will be built in China and have its maiden voyage in 2016 that will take the course of the original Titanic from Southampton, England, to New York City. Palmer said, “The area [for[ passengers will be authentic with the same design and facilities. But there will be modern things such as air conditioning and other features we are debating – such as internet on the ship”.
- Hyundai has agreed to settle a group of lawsuits by U.S. customers who said they were misled into buying the vehicles because it overstated their fuel economy. They said in November after the window sticker mileage changes that they would issue debit cards to buyers of the 900,000 affected cars solid in the U.S. in the past two years to reimburse them for higher than expected fuel expenses. The cause was due to procedural errors at a testing facility in South Korea that led to inaccurate fuel economy ratings. The amount to be paid has yet to be disclosed.