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Judge dismisses bid to stop coal sales from US lands

Posted on Friday, May 22nd, 2020 By Matthew Brown, Associated Press

BILLINGS, Mont. (AP) — A federal judge threw out a lawsuit on Friday from a coalition of states, environmental groups and American Indians which sought to revive an Obama-era moratorium against U.S. government coal sales on public lands in the West.

U.S. District Judge Brian Morris said the President Donald Trump's administration had fixed its initial failure to consider the environmental impacts of ending the moratorium.

The administration's opponents had argued it did not look closely enough at climate change and other effects from burning coal.

Trump pledged to end the moratorium prior to being elected and in office has sought to boost the industry, despite market forces that have sharply curtailed mining.

Coal production has been dropping for years because of competition from cheaper fuels and pollution costs.

The coronavirus pandemic has accelerated the decline. But critics of the coal program note that lease sales have continued and say the administration’s moves could open tens of thousands of acres of public lands to new mining.

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Follow Matthew Brown at @matthewbrownap


8 5G Stocks to Own in 2020

To understand 5G is to understand that the “G” stands for generation. Like the previous generations that came before it, 5G promises to enhance the way consumers and businesses experience the internet. Yes, 5G will certainly deliver faster connection speeds. But I wouldn’t be nearly as excited about this technology if it simply meant I could download a movie in seconds instead of minutes.

Where 5G offers the most intriguing benefit is in the way it promises to enhance our increasingly connected future. Autonomous cars, industrial automation, augmented reality (AR) and virtual reality (VR) will all be transformed by the increased speed and reduced latency of a 5G network.

One of the exciting aspects of 5G is the many ways investors can profit. There is an infrastructure being built to support the roll-out of this technology. It can’t just use the existing cell phone towers. There are also chips that have to be created to support mobile devices. The 5G revolution will also benefit software providers. And then, of course, there are the wireless providers who will be introducing 5G phones and tablets sometime in 2020.

Here’s the rub. The build-out of a 5G infrastructure is behind schedule. And some industry experts are suggesting the real growth from 5G may not come until 2021. But there’s no question that the infrastructure is being built now. And we’ve selected some stocks that look like they don’t already have the growth of the stock factored in.

View the "8 5G Stocks to Own in 2020".

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