Archive | Dirty Rotten Scoundrels

06 July 2012 ~ 0 Comments

Fukushima report released

Watch Are U.S. Nuclear Plants Ready for a Fukushima-Like Meltdown? on PBS. See more from PBS NewsHour.

And just to bring this Fukushima report a little closer to home, there are 23 of G.E.’s flawed Mark I reactors right here in the good old U.S. of A. Add to that the increasing incidence of earthquakes in unexpected places (caused by the injection of fracking waste fluid into the ground), and we’ve got a “no one could have known!” just waiting to happen here.

Maybe someone should do something?

Yes, the nuclear disaster at Fukushima was sparked by the earthquake and tsunami that hit Japan on March 11, 2011, but a Japanese parliamentary report said Thursday the disaster that followed was man-made, and suggested more plants were susceptible.

That last bit is probably the most disturbing angle of the 641-page report, which said Tokyo Electric Power Company didn’t take the damage to its nuclear power plant seriously enough quickly enough, and which “accused Tepco and regulators at the nuclear and industrial safety agency of failing to take adequate safety measures, despite evidence that the area was susceptible to powerful earthquakes and tsunamis,”The Guardian’s Justin McCurry reports. Tepco has argued that the tsunami was a “once-in-a-millennium” event, for which they couldn’t realistically prepare, The New York Times’ Hiroko Tabuchi writes.

The scary thing, though, is that the report found that it could have been the earthquake itself, not just the unusually large tsunami, that damaged the plant and sparked meltdowns in three reactors. “By suggesting that the plant may have sustained extensive damage from the quake — a far more frequent occurrence in Japan — the report in effect casts doubts on the safety of Japan’s entire fleet of nuclear plants,” Tabuchi wrote.

In the end, the report concluded that the disaster was “profoundly man-made” and could have been prevented.

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05 July 2012 ~ 0 Comments

Keiser report

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05 July 2012 ~ 0 Comments

Tea Partier Walsh disses double amputee

Every now and then I get the feeling that voters will be smart enough to kick out many of the repulsive wing nuts they elected in 2010. This guy, for example:

Though he never joined the military himself, Rep. Joe Walsh (R-IL) disparaged his Democratic opponent’s military service at a town hall on Sunday, saying that she’s not a “true hero.”

Walsh is running against Tammy Duckworth, a double amputee who lost both her legs in Iraq when insurgents hit her helicopter with an RPG in 2004.

The Tea Party freshman opened the Elk Grove town hall by arguing that Sen. John McCain (R-AZ) was reluctant to discuss his own military service in 2008, which made him a “noble hero.” By contrast, “Now I’m running against a woman who, my God, that’s all she talks about,” Walsh said…

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05 July 2012 ~ 5 Comments

Barbequed mystery meat

I hope you had a delicious Fourth of July. As noted in Public Citizen, “your holiday meat could be much more mysterious” next year:

If you’re looking forward to grilling up some hamburgers and hot dogs, think about this: Where does the food you’re eating come from?


That simple question is going to be a lot harder to answer after a ruling from the World Trade Organization (WTO), which decreed last week that such basic consumer information as country-of-origin labels on meat are “unfair trade barriers” to multinational corporate profits…


… It’s the third consecutive WTO attack on a popular U.S. consumer protection or information policy to go down this year. (See the attacks on dolphin-safe labels and cancer prevention through cigarette controls.)

And there was this today from a Public Citizen online petition protesting U.S. trade policy and, in particular, the Obama administration’s handling of the Trans-Pacific Partnership, which some people are calling NAFTA East:

The recent WTO ruling is not merely advisory. Unlike other international institutions, the WTO packs a punch. The United States will have to abandon some hard-won labeling rules or pay to maintain them in the form of fines or sanctions.


Two decades ago, when the WTO and NAFTA were being forced on us, Public Citizen warned that this day would come.


More here.

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04 July 2012 ~ 0 Comments

PBS Frontline: Money, Power and Wall Street

Watch Money, Power and Wall Street: Part Four on PBS. See more from FRONTLINE.

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03 July 2012 ~ 0 Comments

Unbelievable

They just write their own laws now:

Owners of Cisco/Linksys home routers got a nasty shock this week, when their devices automatically downloaded a new operating system, which locked out device owners. After the update, the only way to reconfigure your router was to create an account on Cisco’s “cloud” service, signing up to a service agreement that gives Cisco the right to spy on your Internet use and sell its findings, and also gives them the right to disconnect you (and lock you out of your router) whenever they feel like it.

They say that “if you’re not paying for the product, you are the product.” But increasingly, even if you do pay for the product, you’re still the product, and you aren’t allowed to own anything. Ownership is a right reserved to synthetic corporate persons, and off-limits to us poor meat-humans.

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03 July 2012 ~ 1 Comment

Offshore accounts

Mitt Romney finance’s are not like any other candidate we’ve had.

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03 July 2012 ~ 4 Comments

Global corporate coup

I don’t even know what to say about something like this. I wrote about the leaked copy of this treaty a few weeks ago, and the response seemed to be a big yawn. The more I read this, the worse it gets. We actually elected someone who thinks this is a good idea? The media doesn’t want to discuss this, and we’re just a bunch of whiners if we bring it up.

I say, we need to blow the damned thing up — and Public Citizen is trying to do just that:

Have you heard about the small U.S. government agency engaged in years of closed-door negotiations that could undermine the Obama administration’s declared goals of creating jobs, reregulating the financial sector and lowering healthcare costs?

With the direct participation of 600 corporations and shocking levels of secrecy, the Office of the U.S. Trade Representative (USTR) is rushing to complete the Trans-Pacific Partnership (TPP). Branded as a trade agreement (yawn) by its corporate proponents, TPP largely has evaded public and congressional scrutiny since negotiations were launched in 2008 by the George W. Bush administration.

But trade is the least of it. Only two of TPP’s 26 chapters actually have to do with trade. The rest is about new enforceable corporate rights and privileges and constraints on government regulation. This includes new extensions of price-raising drug patent monopolies, corporate rights to attack government drug formulary pricing plans, safeguards to facilitate job offshoring and new corporate controls over natural resources.

Also included are severe limits on government regulation of financial services, zoning and land use, product and food safety, energy and other essential services, tobacco, and more. The copyright chapter poses many of the threats to Internet freedom of the Stop Online Piracy Act (SOPA), which was stalled in Congress under intense public pressure.

The proposed pact is so invasive of domestic policy space that it would even limit how governments can spend tax dollars. Buy America and other Buy Local procurement preferences used to reinvest our tax dollars in the American economy would be banned and sweat-free, human rights or environmental conditions on government contracts would be subject to challenge in closed-door foreign tribunals.

Indeed, signatory countries would be obliged to conform all their domestic laws and regulations to TPP’s rules, effecting a quiet corporate coup d’état. And, regardless of election outcomes or changes in public opinion, these extreme rules could not be altered without the consent of all signatory countries. Failure to conform to these rules would subject countries to indefinite trade sanctions.

A recent leak of one of TPP’s most controversial chapters reveals that the pact would elevate individual corporations and investors to equal status with sovereign nations to privately enforce this treaty. U.S. negotiators are among the greatest champions of this “investor state” enforcement system. It would give any foreign firm incorporated in any TPP country new rights to skirt U.S. courts and laws, directly sue the U.S. government before foreign tribunals and demand compensation for financial, health, environmental, land use and other laws they claim undermine their TPP privileges.

After Obama’s election, U.S. trade officials were instructed to withdraw from the TPP negotiations Bush had launched – supposedly to sort out a new approach that implemented candidate Obama’s campaign commitments to fix the damaging old NAFTA model. But after a kabuki dance of ears-closed check-the-box “consultations” with a minimal number of congressional representatives and civil society groups, Obama’s trade officials picked up where Bush left off. Actually, they doubled down — pushing even more extreme positions than the Bush administration on issues like Internet freedom and access to medicines.

Now a thirteenth round of TPP negotiations involving the Obama administration will occur next week in San Diego. There negotiators from the Office of the U.S. Trade Representative will meet behind closed doors with their counterparts from eight Asian and Latin American countries. What’s on the table is a 1 percenters’ dream – a corporate power tool of unprecedented scope and might. Think NAFTA on steroids with the whole world.

How could something so extreme get so far? Because the entire process has occurred under conditions of unprecedented secrecy. And, the goal is to sign a final deal before the election.

Why the rush? It’s because these sorts of corporate-power-grabs via “trade” agreements do not fare well in the sunshine. Last month, U.S. Trade Representative Ron Kirk defended the extreme secrecy of TPP negotiations by noting that when the draft of a major regional trade pact was released previously, it became impossible to finish the deal as then proposed.

Yes, in a moment of candor, the top U.S. trade official admitted that TPP must be kept secret because otherwise they won’t be able to shove this deal past the public and Congress.

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03 July 2012 ~ 5 Comments

Oh dear

Who would believe such things of Big Pharma?

GlaxoSmithKline agreed to plead GuiltyGuiltyGuilty to misdemeanor criminal charges filed by the federal government, saying it will pay $3 billion to settle allegations that the company illegally marketed two drugs for uses not approved by the Food and Drug Administration and failed to disclose safety information on another drug, the Justice Department said Monday.

The agreement, which still has to be approved by the court, amounts to the “largest health care fraud settlement in U.S. history and the largest payment ever by a drug company,” according to the Justice Department.

Prosecutors say the British pharmaceutical company promoted the use of the antidepressant Paxil in children, even though it was only approved for adults over 18. The company also promoted Wellbutrin to treat sexual dysfunction and addiction, even though it was only approved for depression. In addition, the company failed to report safety data about another drug, Avandia, the Associated Press reports.

GlaxoSmithKline allegedly went to great efforts to promote the drugs for unapproved uses, including distributing a misleading journal article and providing bribes to doctors in the way of meals and spa treatments, reports Reuters.

The fine will be split, with $1 billion covering criminal fines and forfeitures and $2 billion paying for civil settlements with federal and state governments. The federal investigation lasted seven years.

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02 July 2012 ~ 2 Comments

Tax haven

This is why Delaware is so popular with business: It’s easy to set up a shell company there.

NOTHING about 1209 North Orange Street hints at the secrets inside. It’s a humdrum office building, a low-slung affair with a faded awning and a view of a parking garage. Hardly worth a second glance. If a first one.

But behind its doors is one of the most remarkable corporate collections in the world: 1209 North Orange, you see, is the legal address of no fewer than 285,000 separate businesses.

Its occupants, on paper, include giants like American Airlines, Apple, Bank of America, Berkshire Hathaway, Cargill, Coca-Cola, Ford, General Electric, Google, JPMorgan Chase, and Wal-Mart. These companies do business across the nation and around the world. Here at 1209 North Orange, they simply have a dropbox.

What attracts these marquee names to 1209 North Orange and to other Delaware addresses also attracts less-upstanding corporate citizens. For instance, 1209 North Orange was, until recently, a business address of Timothy S. Durham, known as “the Midwest Madoff.” On June 20, Mr. Durham was found guilty of bilking 5,000 mostly middle-class and elderly investors out of $207 million. It was also an address of Stanko Subotic, a Serbian businessman and convicted smuggler — just one of many Eastern Europeans drawn to the state.

Big corporations, small-time businesses, rogues, scoundrels and worse — all have turned up at Delaware addresses in hopes of minimizing taxes, skirting regulations, plying friendly courts or, when needed, covering their tracks. Federal authorities worry that, in addition to the legitimate businesses flocking here, drug traffickers, embezzlers and money launderers are increasingly heading to Delaware, too. It’s easy to set up shell companies here, no questions asked.

“Shells are the No. 1 vehicle for laundering illicit money and criminal proceeds,” said Lanny A. Breuer, assistant attorney general for the criminal division of the Justice Department. “It’s an enormous criminal justice problem. It’s ridiculously easy for a criminal to set up a shell corporation and use the banking system, and we have to stop it.”

In these troubled economic times, when many states are desperate for tax dollars, Delaware stands out in sharp relief. The First State, land of DuPont, broiler chickens and, as it happens, Vice President Joseph R. Biden Jr., increasingly resembles a freewheeling offshore haven, right on America’s shores. Officials in other states complain that Delaware’s cozy corporate setup robs their states of billions of tax dollars. Officials in the Cayman Islands, a favorite Caribbean haunt of secretive hedge funds, say Delaware is today playing faster and looser than the offshore jurisdictions that raise hackles in Washington.

And international bodies, most recently the World Bank, are increasingly pointing fingers at the state.

Delaware has been a plantation state forever, too, thanks to the DuPont family.

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