Archive for corporate power

VIDEO- What they don’t want you to know about the oil disaster: “People were basically treated as collateral damage by BP.”

BP lies newsweek
corexit dispersant 2
About a week ago, I posted BP still hasn’t paid billions of dollars in fines, other payments to Gulf Coast, environmental groups. As you well know, BP destroyed lives, businesses, the environment, plant life, sea life, and wildlife. They accepted criminal liability in the 2010 oil disaster and were supposed to pay a $4-billion fine.

Additionally, tests confirmed, and Hurricane Isaac exposed, that globs of oil found on Louisiana beaches after Hurricane Isaac came from the 2010 BP spill. The area is still suffering the consequences of BP’s negligence and they should be falling all over themselves to rectify that.

For years I’ve covered their atrocities (BP has pleaded guilty to manslaughter and environmental crimes), including their use of Corexit, a chemical dispersant that breaks up the oily mess and makes it appear as if it has diminished or even disappeared. Actually, the tiny globs are still around, lingering and endangering lives and the health of anyone who comes in contact with it.

Dispersants accelerate the absorption by the skin of toxic chemicals, and they continue to damage the gulf because they are also easily absorbed into the food chain. Blood tests have shown that oil and dispersant chemicals are “causing big health problems.”

I’ve ranted endlessly about the toxic and lasting effects that chemical dispersant has had on Gulf residents, sea life and wildlife, and complained about how little press coverage the topic has gotten.

Thankfully, a film called “The Big Fix” exposed this, the biggest environmental coverup ever… and Rachel Maddow is right there with them:

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Rachel Maddow:

BP admitted in court that while they were saying publicly and saying to Congress even, that their gushing well in the Gulf of Mexico was only leaking 5,000 barrels a day, that was it, merely a flesh wound. while they said that publicly, not only was that wrong, but they knew it was wrong.

BP as a company internally was having all sort of discussions about how it wasn’t 5,000 barrels a day. It was more like 60,000 barrels or maybe even 140,000 barrels a day. But publicly, they kept assuring everybody that it was no big deal, only five.

The important part was not just that BP was wrong or that they didn’t know the answer and they were guessing. The important part in their culpability, of course– the reason they ended up paying the largest corporate fine in history of corporate fines was not because they got it wrong– it is because they did know the truth and they lied about it. They lied about it publicly, they lied about it to Congress.

“Newsweek” published some remarkable new reporting on the question that … was expressed to me the most by people who live on the gulf coast and make their living on the water there, three years ago in the middle of that spill, this is what folks worry about more than anything. And now, 3 years later, we are starting to get some answers  about it.

Mark Hertsgaard, Newsweek:

These people were basically treated as collateral damage by BP. As part of BP’s coverup, they were willing to sacrifice the health of these workers, hundreds and possibly thousands of them, and also coastal residents, a little 3-year-old boy we write about in this story who was fine until he started breathing this stuff in. And now he got terribly sick.

And let’s not forget the gulf eco system where 33%, one-third of the seafood we Americans eat comes out of that gulf. That too was terribly damaged by this use of Corexit. Which is an Orwellian term if I’ve ever heard one, Corexit as a name for a dispersant. Once you put that with oil it is 52 times more  toxic.

dispersant 2Here’s what Nalco has on its Corexit web page:

Prompt deployment of Nalco COREXIT® oil spill dispersants is one very effective and proven method of minimizing the impact of a spill on the environment. When the COREXIT dispersants are deployed on the spilled oil, the oil is broken up into tiny bio-degradable droplets that immediately sink below the surface where they continue to disperse and bio-degrade.  This quickly removes the spilled oil from surface drift…reducing direct exposure to birds, fish and sea animals in the spill environment.  By keeping the oil from adhering to wildlife COREXIT dispersants effectively protect the environment.

BP we care

VIDEO: Rev. Al Sharpton files lawsuit against Michigan Emergency Management system (aka financial martial law)

what's the matter with michigan

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MSNBC:

On Thursday, Michigan’s Public Act 36 comes into effect and Detroit Emergency Financial Manager Kevyn Orr becomes Emergency Manager (EM), granting him an expansion of his authority over the city, including the ability to unilaterally override collective bargaining agreements. However, a group of activists which includes PoliticsNation host Rev. Al Sharpton is working to strip him of those powers entirely. Sharpton’s organization, the National Action Network, has filed a federal lawsuit contending that the Emergency Management system is unlawful.

King Ricky Snyder’s response to protests over stomping all over democracy by undermining voters?

“The old law went away, but we put in a new law that really was responsive to the issues that came up during that process,. And if you look at it, I’m also the elected official. I was elected by the people of Michigan. So there is an elected official in charge of that process, and I think that’s critically important…. It’s not about excluding people, it’s about teamwork… solving problems together…”

Said the elected official who gets to remain in power as he pulls the plug on other elected officials’ power.

Teamwork my ass.

We’ve covered this story often, including this from earlier this month: MI Dictator, er, Gov. Snyder declares financial emergency in Detroit, will appoint emergency manager to take over.

Wall Street Soars with Wealth as Wages Stagnate, Jobs Remain in a Slump

hunger and rejection corporate

dow jones march 5 2013As of 12:30 PT

Update:

The Dow Jones industrial average rose more than 100 points today, allowing the world’s most-watched stock index to close at a record high.

It marks the highest daily close since October 2007, just before the financial crisis punished the stock market.

For the latest information go to www.latimes.com.

chart corporate profits highCorporate profits

graph workers wages as a percentage of the economy near record lows via Think ProgressWorkers’ wages as a percentage of the economy, which are hovering near record lows.

Your Daily Dose of BuzzFlash at Truthout, via my pal Mark Karlin:

The March 4 NYT headline lays it out bluntly: “Recovery in U.S. Is Lifting Profits, but Not Adding Jobs.” …Even those who are employed are finding that their wages are not growing relative to the explosion in corporate profits.

The grim figures in terms of the working class speak for themselves in the NYT story:

As a percentage of national income, corporate profits stood at 14.2 percent in the third quarter of 2012, the largest share at any time since 1950, while the portion of income that went to employees was 61.7 percent, near its lowest point since 1966. [...]

Corporate earnings have risen at an annualized rate of 20.1 percent since the end of 2008, he said, but disposable income inched ahead by 1.4 percent annually over the same period, after adjusting for inflation.

As BuzzFlash at Truthout noted in “A Tale of Two Economies” last autumn:

However, what is more important than the unemployment rate is the overall degradation of work and wage stagnation and decline under the current corporate and business climate that devalues labor.  [...]

This is the primary story of economic distress in the United States at this time: the devaluation of those who are paid by the hour….

After all, we have two economies – and one of them you barely hear about as billionaires whine about the threat of higher taxes on their wealth.  The second economy, the economy of the privileged, is booming.  The other day the stock market reached near record highs. [...]

The rich are making out like bandits in the booming Wall Street economy that is based on profits squeezed out of firing workers, lowering net wages (adjusted for inflation), and outsourcing jobs to exploited labor overseas. [...]

[T]he March 2013 NYT article begins with these observations:

[...] With millions still out of work, companies face little pressure to raise salaries, while productivity gains allow them to increase sales without adding workers….

The result has been a golden age for corporate profits, especially among multinational giants that are also benefiting from faster growth in emerging economies like China and India. [...]

As the stock market soars, those who labor for a living are left further and further behind.

Please read the entire post here.

chart ed schultz income disparity middle class

VIDEO: “This is the top 1% we’ve been hearing so much about. The reality in this country is not at all what we think it is.”

wealth gap income inequality

9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact

As @jneproductions so aptly put it (and who linked me to the video), this is an excellent, logical, and unemotional breakdown of wealth inequality in America.

Our perceptions are “shockingly skewed.”

“This is the top 1% we’ve been hearing so much about.”

“The reality in this country is not at all what we think it is.”

YouTube, politizane:

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.

References:
http://www.motherjones.com/politics/2…
http://danariely.com/2010/09/30/wealt…
http://thinkprogress.org/economy/2011…
http://money.cnn.com/2012/04/19/news/…

MI Dictator, er, Gov. Snyder declares financial emergency in Detroit, will appoint emergency manager to take over

glitter crown

Let’s recap what exactly the king dictator governor of Michigan has been up to.

King Ricky’s appalling financial martial law was, and apparently will continue to be, the legislation that allows one person (the emergency manager) to dictate all kinds of things without any input from voters. It renders local officials and voters powerless. For example:

  • He could do away with unions, with police officers, mayorships, you name it. You voted for someone and they won? Doesn’t matter. OUT.
  • You like that school your kid goes to? Nevermind. GONE.
  • You cherish democracy and thought it would always be The American way? TOO BAD.

Then there’s the GOP’s ongoing goal of crushing unions as a way of denying Democrats their political funding which would lead to eventual single party rule.

Governor Rick Snyder said that union busting is “pro-workers! It’s a good thing! This is a positive thing for unions!” Then the union busting “Right-to-work for work for less” measure was signed it into law. It’s important to remember that Michigan’s “Right to Work” law contains verbatim language from ALEC model bill.

But back to Financial Martial Law. It’s ba-a-ack. Bloomberg:

Michigan Governor Rick Snyder plans to name an emergency manager to handle Detroit’s fiscal crisis, stripping power from local officials [...]

His decision may inflame opponents, as the administration of a white Republican seizes control of a place that is predominantly black and Democratic. [...]

Detroit… would be the sixth Michigan city put under state control [...]

Opponents say state takeovers disenfranchise voters by stripping elected officials of their power over municipalities or school districts, and may protect bondholders at the expense of employees, services and taxpayers… Some have said a takeover is racist because, along with Detroit, cities where almost half of Michigan’s black residents live would be under state control. Managers are already in charge in Allen Park, Benton Harbor, Ecorse, Flint and Pontiac.

Take a look at this segment of The Rachel Maddow Show from January 2012:

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what's the matter with michigan

The Supreme Court’s “version of free speech allows the voices of the wealthy few to drown out the multitude’s.”

citizens united dollars are not citizens smaller

Today’s L.A. Times letter to the editor, because our voices matter:

Re “Justices to hear donor limits appeal,” Feb. 20

Once again the U.S. Supreme Court is going to hear a case that could further erode campaign contribution restrictions and chip away at what’s left of the lofty ideal of free speech.

Freedom of speech is an egalitarian concept. It was clearly intended by the Founding Fathers to ensure that each citizen has a voice and to act as a check on the concentration of power. To say spending money on campaigns is speech, as the Supreme Court has done (and, I fear, may well do again) is to contravene the intent of our founders, an intent the court’s conservatives speak of reverently while they act to undo it.

The court’s version of free speech allows the voices of the wealthy few to drown out the multitude’s.

Flann Maguire
Encinitas

Elizabeth Warren speaks truth to power on her first day on the Banking Committee

elizabeth warren banks

Via the Facebook page New York Communities for Change:

Senator Elizabeth Warren spoke truth to power at her first Banking Committee hearing when none of the witnesses could give an example of the last time a Wall Street Bank was taken to trial. LIKE & SHARE if you want Senator Warren to be your valentine!

There are so few Congress members who are truly willing and able to use their voices so clearly on our behalf, and who would take risks for us by confronting those who so many others are either beholden to, cowed by, or both.

Warren killed it. Again.

Ironically, Politico is reporting that Warren is staying out of the spotlight the way Hillary Clinton did (and Al Franken, come to think of it). But keeping a low public profile is quite different that making herself heard loudly and clearly when it comes to direct challenges:

“Since taking office, Warren has kept the lowest of profiles, speaking only to select Massachusetts media outlets while shutting out the national press save for a smattering of interviews, most notably with the liberal-friendly Huffington Post. For a left-leaning icon and national media darling, the role of silent senator is a sharp departure from her rousing campaign and outspoken consumer advocacy.”