A free enterprise think tank in Michigan — backed by some of the biggest names in national conservative donor circles — has made a broad public records request to at least three in-state universities with departments that specialize in the study of labor relations, seeking all their emails regarding the union battle in Wisconsin, Gov. Scott Walker (R-WI) and MSNBC’s Rachel Maddow, TPM has learned.
According to professors subject to the request, filed under Michigan’s version of the Freedom Of Information Act, the request is extremely rare in academic circles. An employee at the think tank requesting the emails tells TPM they’re part of an investigation into what labor studies professors at state schools in Michigan are saying about the situation in Madison, Wisc., the epicenter of the clashes between unions and Republican-run state governments across the Midwest.
One professor subject to the FOIA described it as anti-union advocates “going after folks they don’t agree with.” Continue Reading »
BP (NYSE: BP) is having a rough year. After claiming responsibility for one the worst oil spills in U.S. history, and accepting costly penalties for the disaster, BP managers may now face manslaughter charges.
Prosecutors are considering whether the decisions managers made prior to the explosion leaving 11 workers dead are grounds for manslaughter charges.
BP closed at $46.04 Monday and is now at $45.12 in pre-market trading. Coupled with the manslaughter report, BP must also contend with a downgrade from “hold” to “sell,” by Collins Stewart.
Due to the oil well explosion in 2010, BP’s share price lost half its value from April to late June. It has since begun to slowly recover to some extent, but the challenges BP faces in the wake of the oil spill are clearly plentiful.
The contrarian investor may consider now as a reasonable buying opportunity. BP has clearly been beaten down in the last year and performed significantly worse than competitors Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX). As the fine for the oil spill has yet to be levied, it is possible that it will drive the price down further. BP has also paid businesses that purportedly lost revenue due to the effects of the spill.
When the aftereffects of the oil spill disaster are behind us, BP has the opportunity to grow immensely from the lows at which it is currently trading. Can BP recover from a blow like this? BP will have to pay out many billions in fines and other costs related to the spill in the coming months and years. If the investor takes a long position in BP, it may be quite some time before he or she reaps a profit from the investment.
At first, I was so … pissed off? No, more like sad that the infamous Robert Stacy McCain, wingnutter and racist twit, attacked my friend Joe Bageant. Because of course, he’d gotten it all wrong. I know, a wingnut getting it wrong! Who ever heard of such a thing?
Joe was nothing like how he tried to paint him, and more’s the pity that this knucklehead won’t ever know him. (Didn’t even bother to read the book he attacked. That’s wingnuts for ya.)
But then my friend Molly Ivors linked to my piece over at Atrios’ place, and I realized something important when I looked at my stats: 352 from Eschaton, 8 from The Other McCain.
I keep saying this: No normal person can comprehend the sophistication of the communications machine being used against us. And now our right wing think tanks have been funding Canada. Here’s just one example.