Must Read Money Stories For Monday, Sept. 21

by September 21, 2015

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A costly apology. German carmaker Volkswagen faces an $18 billion fine for installing software on its cars that cheated U.S. emissions tests, Quartz writes. So far, the company’s stock has dropped more than $17 billion in value due to the scandal.

A big night. A lot happened last night at the 67th Primetime Emmy Awards, and the New York Times has a full rundown on all of the memorable moments. TLDR: Viola Davis became the first African-American woman to win best lead actress on a drama series, VEEP stole the show in the comedy genre, and HBO as a whole won 43 awards.

Not logical. World leaders are headed to the United Nations to talk about climate change, and one big issue on the table will likely be subsidies to oil companies. As Bloomberg points out in this story, governments around the world give a combined $167 billion in free handouts to them, yet many of those same countries have pledged to focus more on renewables.

Getting weird with Ed. NSA whistleblower Edward Snowden was on Neil deGrasse Tyson’s podcast last Friday, and the conversation took an interesting turn. Snowden said it might be hard for aliens to find us (and vice versa) because of our increasing emphasis on data encryption.