Joseph Palermo: The credibility of Anthony Weiner’s loud liberal voice in the House of Representatives, who recently showed the temerity to take on Justice Clarence Thomas for his conflict of interest in Citizens United, is now toast
Safety on the Cheap
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Robert Reich: G.E. marketed the Mark 1 boiling water reactors, used in TEPCO’s Fukushima Daiichi plant, as cheaper to build than other reactors because they used a comparatively smaller and less expensive containment structure.
As Coal King Retires to $12 Million, Mine Safety Struggle Goes On
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Marian Wang: It’s probably safe to say that Don Blankenship had something to celebrate with the new year. Last Friday, the CEO of Massey Energy retired, and according to company disclosures [1] he received $2 million that day.
Halliburton and the Upcoming Election
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Robert Reich: Next Tuesday Americans will be deciding whether to hand over even more of our government to corporations that have been plundering America – such as Goldman Sachs, JP Morgan Chase, Citibank, Wellpoint insurance, Massey Energy, and Halliburton, the giant oil services company.
Corporate Rotten Eggs
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Robert Reich: A national database of corporate crimes and settlements would tip off federal, state, and local inspectors to rotten eggs like Jack DeCoster’s agribusiness, Massey Energy, BP, Bridgestone Firestone, and other serial corporate offenders.
Poison Populism: Rand Paul’s Tea Party Brew
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Bill Londrigan: While some observers have attempted to portray the Tea Party as a populist uprising against the prevailing powers, traditional populist movements support workers’ right to organize. Questions about where the Tea Party stands on workers’ right to organize and collectively bargain for better wages and benefits have now been put to rest – and they are far from any notion of populism!
Gulf Oil Spill: The Importance of Presidential Indignation and Explanation
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Robert Reich: Respectful disagreement is virtuous in a democratic society, but so is appropriate indignation. Indignation signals to the public that social responsibilities have been breached, and thereby lends credence and authority to all those who are working toward them. Franklin D. Roosevelt had no hesitancy blaming the “economic royalists” – the rich bankers and executives who stood in the way of the New Deal.
The Rebirth of Regulation
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Robert Reich: What do oil giant BP, the mining company Massey Energy, and Goldman Sachs have in common? They’re all big firms involved in massive plunder. BP’s oil spill is already one of the biggest and most damaging in American history. Massey’s mine disaster, claiming the lives of 29 miners, is one of the worst in recent history. Goldman’s alleged fraud is but a part of the largest financial meltdown in 75 years.
Buy Stocks and Enter Coal Mines at Your Own Risk
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Ron Wolff: The logical question to ask is: How much is the CEO of Massey Energy Company compensated for setting the tone and establishing the philosophy that “violations are unfortunately a normal part of the mining process”? According to the New York Times , CEO Don L. Blankenship earned $11.2 million in 2008, about twice what he earned in 2006.
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