Economy/Corporations
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MONDAY, FEBRUARY 15, 2010 CORRUPTION IN WASHINGTON IS SMOTHERING OUR FUTUREBy Johann Hari For over a century, the U.S. has slowly put some limits - too few, too feeble - on how much corporations can bribe, bully or intimidate politicians. Now, they have beeb burned up away in one whoosh. The Supreme Court has ruled that corporations can suddenly run political adverts during an election campaign - and there is absolutely no limit on how many, or how much they can spend. So if you anger Goldman Sachs by supporting legislation to break up the too-big-to-fail banks, you will smack into a wall of 24/7 ads exposing your every flaw. If you displease Exxon-Mobil by supporting legislation to deal with global warming, you will now be hit by a tsunami of advertising saying you are opposed to jobs and The American Way. If you rile the defence contractors by opposing the gargantuan war budget, you will face a smear-campaign calling you Soft on Terror. Representative Alan Grayson says: "It basically institutionalizes and legalizes bribery on the largest scale imaginable. Corporations will now be able to reward the politicians that play ball with them - and beat to death the politicians that don't... You won't even hear any more about the Senator from Kansas. It'll be the Senator from General Electric or the Senator from Microsoft." In 2008, Exxon Mobil made profits of $85bn. So if they dedicated just 10 percent to backing a President who would serve their interests, they would have $8.5bn to spend - more than every candidate for President and every candidate for Senate spent at the last election. And that's just one corporation. To understand the impact this will have, you need to grasp how smaller sums of corporate money have already hijacked American democracy. Let's look at a case that is simple and immediate and every American can see in front of them: healthcare. The United States is the only major industrialized democracy that doesn't guarantee healthcare for all its citizens. The result is that, according to a detailed study by Harvard University, some 45,000 Americans die needlessly every year. That's equivalent to 15 9/11s every year, or two Haitian earthquakes every decade. This isn't because the American people like it this way. Gallup has found in polls for a decade now that two-thirds believe the government should guarantee care for every American: they are as good and decent and concerned for each other as any European. No: it is because private insurance companies make a fortune today out of a system that doesn't cover the profit-less poor, and can turn away the sickest people as "uninsurable". So they pay for politicians to keep the system broken. They fund the election campaigns of politicians on both sides of the aisle, and in return, those politicians veto any system that doesn't serve their paymasters. Look for example at Joe Lieberman, the former Democratic candidate for Vice-President. He has taken $448,066 in campaign contributions from private healthcare companies while his wife has raked in $2m as one of their chief lobbyists, and he has loyally blocked any attempt in the Senate to break the stranglehold of the health insurance companies and broaden coverage. The US political system now operates within a corporate cage. If you want to run for office, you have to take corporate cash - and so you have to serve corporate interests. Corporations are often blatant in their corruption: it's not unusual for them to give to both competing candidates in a Senate race, to ensure all sides are indebted to them. This runs so deep that Congressman James Clyburn says the US has become a "corpocracy." It has reached the point that lobbyists now often write the country's laws. Not metaphorically; literally. The former Republican congressman Walter Jones spoke out in disgust in 2006 when he found that drug company lobbyists were actually authoring the words of the Medicare prescription bill, and puppet-politicians were simply nodding it through. But what happens if politicians are serving the short-term profit-hunger of corporations, and not the public interest? You only have to look at the shuttered shops outside your window for the answer. The banks were rapidly deregulated from the Eighties through the Noughties because their lobbyists paid politicians on all sides, and demanded their payback in rolled-back rules and tossed-away laws. As Senator Dick Durbin says simply: "The banks own the Senate," so they had to obey. The result was that the banks made staggering profits - and were immediately rescued when they smashed the world economy. The only people who paid for it were the public, all over the world. It is this corruption that has prevented Barack Obama from achieving anything substantial in his first year in office. How do you reregulate the banks, if the Senate is owned by Wall Street? How do you launch a rapid transition away from oil and coal to wind and solar, if the fossil fuel industry owns Congress? How do you break with a grab-the-oil foreign policy if Big Oil provides the invitation that gets you into the party of American politics? His attempt at healthcare reform is dying because he thought he could only get through the Senate a system that the giant healthcare corporations and drug companies pre-approved. So he promised to keep the ban on bringing cheap drugs down from Canada, he pledged not to bargain over prices, and he dumped the idea of having a public option that would make sure ordinary Americans could actually afford it. The result was a Quasimodo healthcare proposal so feeble and misshapen that even the people of Massachusetts turned away in disgust. Yet the corporations that caused this crisis are now being given yet more power. Bizarrely, the Supreme Court has decided that corporations are "persons", so they have the "right" to speak during elections. But corporations are not people. Should they have the right to bear arms, or to vote? It would make as much sense. They are a legal fiction, invented by the state - and they can be fairly regulated to stop them devouring their creator. This is the same Supreme Court that ruled that the detainees at Guantanomo Bay are not "persons" under the constitution and are deserving of basic protections. A court that says a living breathing human is less of a "person" than Lockheed Martin has gone badly awry. Obama now faces two paths - the Clinton road, or the FDR highway. After he lost his healthcare battle, Clinton decided to simply serve the corporate interests totally. He is the one who carried out the biggest roll-back of banking laws, and saw the largest explosion of inequality since the 1920s. Some of Obama's advisors are now nudging him down that path: the pledge for an appalling anti-Keynesian spending freeze on social programmes for the next three years to pay down the deficit is one of their triumphs. But there is another way. Franklin Roosevelt began his Presidency trying to appease corporate interests - but he faced huge uproar and disgust at home when it became clear this left ordinary Americans stranded in the fog of a depression. He switched course. He turned his anger on "the malefactors of great wealth" and bragged: "I welcome the hatred... of the economic royalists." He launched a programme of redistributing power from the corporations back towards the people, and put in place tough regulations that prevented economic disaster and spiralling inequality for three generations. There were rare flashes of what Franklin Delano Obama would look like in his reaction to the Supreme Court decision. He said: "It is a major victory for big oil, Wall Street banks, health insurance companies, and other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americas." But he has spent far more time coddling those interests than taking them on. The great pressure of strikes and protests put on FDR hasn't yet arisen from a public dissipated into hopelessness by an appalling media that convinces them they are powerless and should wait passively for a Messiah. Very little positive change can happen in the U.S. until they clear out the temple of American democracy. In the State of the Union, Obama spent one minute on this problem, and proposed restrictions on lobbyists - but that's only the tiniest of baby steps. He evaded the bigger issue. If Americans want a democratic system, they have to pay for it - and that means fair state funding for political candidates. Candidates are essential for the system to work: you may as well begrudge paying for the polling booths, or the lever you pull. At the same time, the Supreme Court needs to be confronted: when the Court tried to stymie the New Deal, FDR tried to pack it with justices on the side of the people. Obama needs to be pressured by Americans to be as radical in democratizing the Land of the Fee. None of the crises facing us all - from the global banking system to global warming - can be dealt with if a tiny number of super-rich corporations have a veto over every inch of progress. If Obama flunks this challenge now, he may as well put the US government on eBay and sell it to the highest bidder. How would we spot the difference? To join the campaign to democratize the United States of America, click here. Johann Hari is a writer for the Independent.POSTED BY ECOLOGICAL BUDDHISM AT 4:11 PMHomeBUDDHIST DECLARATION ON CLIMATE CHANGESign the Buddhist DeclarationJanuary 2010Count of signatories - 7000 from over 100 countries(incl. 70 Buddhist teachers of all traditions). The documentand signatories were presented to world leaders at the COP-15 conference by the U.N. Environment Programme.Given the Copenhagen outcome, the Declaration remains open for signing. THE VIEW The time has surely come when we must speak out as Buddhists,with firm views of harmony as the Tao. I suggest that it is also time for us to take ourselves in hand…This would be engaged Buddhism where the Sangha is not merely parallel to the forms of conventional society and not merely metaphysical in its universality…This greater Sangha is, moreover, not merely Buddhist. It is possible to identify an eclectic religious revolution that is already underway, one towhich we can lend our energies. —Robert Aitken Roshi THIS MONTHS CONTENT CONTRIBUTORSJohn Stanley Diane Stanley Alexander Venegas ABOUT USThis blog updates you on the fast-moving context of the Buddhist Climate Project. It also provides regular progress reports on its development and activities.EMAIL Click here. Contact us. FAVORITE SITES CLIMATE ARK NEWS NEW FROM AMORY LOVINS, ROCKY MOUNTAIN INSTITUTE Bookmark/Search this post with:
hanks to a big push from Avaaz
yesterday, there are now over 150,000 people who have signed a petition
telling Chevron’s new CEO John Watson to clean up the oil giant’s toxic
legacy in Ecuador, and around the globe.
It is undeniable that the world wants to change Chevron. People from
all over the globe are signing this petition, people young and old,
from so many backgrounds. We’ve had celebrities, musicians, investors,
and Chevron employees standing up and demanding change from one of the
largest corporations on the planet.
As the new leader of the 3rd largest oil company in the world, CEO
John Watson can right the wrongs of his predecessors and transform his
company into one that cares.
150,000+ are saying “Enough is enough. Energy shouldn’t cost lives.”
From Ecuador to Richmond,CA to Burma
and everywhere the oil giant operates in-between they leave a trail of
environmental devastation, human rights abuses, and a legacy of health
problems.
150,000+ say ENOUGH to Big Oil destroying our environment and the health of our communities.
Chevron, and their Big Oil cohorts, spend hundreds of millions of dollars
on lobbyists and political contributions to buy off politicians and
destroy policies that would be good for our climate and our future.
150,000+ people say ENOUGH to Chevron’s control of our government and our democracy.
To truly change Chevron and the oil industry, we are going to need
to be 150,000 x stronger and louder and more powerful than we ever have
been before. Our communities, our climate, our planet, and our future
depend on it.
You in?
Learn more from our friends at Amazon Watch!
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The 3BL
Media CSR Minute: 60 seconds or so of daily news and commentary on corporate
social responsibility (CSR) and the triple bottom line (3BL).
The CSR
Minute is your daily video digest of the most relevant Corporate Social
Responsible news of the day. Our team of 3BL Media correspondents tracks the
global world of corporate social responsibility to bring you coverage of the
most important announcements, initiatives, issues, trends, ideas, and breaking
news.
Today's
Items: Caterpillar's Dow Jones Sustainability Index Status; Alcatel Lucent's
Eco-Award; SDialogue's Name Change
Check it here on YouTube.
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For those of you who don’t know, WCLG published a book on how to save green while going green entitled, We Can (All) Live Green: Simple Steps to Save Money, Stay Healthy and Support the Planet. If you follow one tip per section of the book, we estimate a savings of $5,000. This is a very, very conservative estimate. By the way, anyone out there need an extra $5,000? 1. Buy produce in season. Have you ever seen how much a wintertime basket of berries costs? Ouch. Off-season produce usually requires much more energy and resources to produce and transport, and it often retains less nutritional value too. Buying in-season produce only can skim $250 or more off your yearly grocery bill. 2. If you can’t afford fresh fruits and veggies, try frozen or canned. It’s usually cheaper to buy frozen or canned fruits and veggies, rather than fresh produce at the chain markets. Nutritionally, fresh is best, but frozen is a close second. Canned is fine too, if price is an issue; just make sure you’re always getting organic, and not a lot of added sugar or sodium. Depending on where you live, if you buy frozen or canned, you can save $200 a year and up on your grocery bill. 3. Try at least one vegetarian meal a week. You will save money on your weekly grocery bill! And it’s easier to cook a delicious vegetarian meal than you might imagine. When you’ve mastered one veggie meal a week, try to increase to two, and so on. It will add up: Having just one veggie meal a week can save you $200 a year; five meals a week saves $1000 a year! 4. Embrace hand-me-downs – from friends, family members and fashionable neighbors. Participate in giving hand-me-downs too! Be creative – organize a “swap till you drop” party. There are lots of ways to save money and share your clothing with others, all while getting a few new duds of your own. An especially good option if you have children, since they often outgrow their clothing before our pocketbooks are ready for another trip to the store. Depending on your usual clothing expenses, you can save $200 to $400 a year and more. 5. Rideshare. The National Safety Council projects a $3000 yearly saving for commuters who rideshare. I want to be as conservative as possible in my promises, so I can assure you of savings above $2,000 a year, and hope you’ll be pleasantly surprised by how much more you will actually save! Anyone out there who can use an extra $2,000 or more right now? Coordinate a commuting strategy with coworkers or neighbors and start saving now: at least $2,000 a year. 6. Consider making your own household cleaning products. For a small investment of time and effort you will be supporting your health and the planet, while putting some cash in your pocketbook. You can save $200 or more a year. 7. Reduce your energy consumption. If you utilize any combination of suggestions from the Energy Vampire section, you can save up to 50% off of your energy bill. Cost savings: a minimum of $600 a year. 8. Stop buying bottled water. Purify your tap instead. There are a few exceptions to this, but if you purify your tap, you are getting equally pure if not purer water than most bottled water – all for a fraction of the cost. For a family of four, bottled water costs about $10 a week, minimum. Over the course of a year, you can save a minimum of $400 – and you are reducing plastics in our landfills as well! 9. Recycle…and get paid. Through a little organization, planning and time commitment, you can actually make money by doing the right thing. Depending on recycling options in your community – and your family’s commitment level – you can actually make (at the very least!) $300-plus a year. Look into it! 10. Take the “One Tank of Gas Challenge.” We Can Live Green issues a friendly challenge to you and your family to find a suitable vacation spot that you can travel to on…you guessed it…one tank of gas. Get the whole family involved and see what destinations your family or friends come up with. When you agree on a choice, take the plunge and take your trip. Happy trails to all of you! Buy the book to get more great tips – you can find it at Amazon, Barnes and Noble, Borders, Tower and much more! Check it out! By Chase – Die Hard Greenie We Can Live Green Bookmark/Search this post with:
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I have recently started blogging and really enjoy writing about my opinions
etc.
I work in the insurance industry. When most people think of insurance it
makes them roll their eyes and think of old boring men. Although there is still
an element of this, insurance is starting to become a more popular industry for
younger folk.
The most popular forms of insurance are car
insurance, travel insurance and life insurance. I spend many hours with clients
understanding their needs and making recommendations for suitable insurance
polices.
Another thing that people don't understand about the insurance
industry is that providing insurance quotes doesn't take
hours and hours. The client completes a questionnaire and I then send it on to
the underwriter. It is the underwriter that must produce the insurance quote.
Check back soon to read more...
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At the moment the economy is is pretty bad shape. Banks are reluctant to lend, people are reluctant to take risks. The economy is basically going on standstill until the necessary conditions are achieve, whatever they may be.
However, there may be a glimer of hope as the financial markets seemed to have calmed down from the turbulance that occured earlier on in the year.
In the coming months I think the role of China to instigate global AD increase will be paramount. China are becoming something of a superpower in the World and with their $1.3 trillion reserve created by the continual pegging of the currencey to keep comparative advantage in exports, they have the means to save the World. The way they use the money is vital, but I guarentee once they start with the hot money flows worldwide there is only way the economy can go.
However, because of large influx of money into many markets, the likley effect in the next year or so is rapid rise in inflation in the countries that used fiscal stimulus packages. This will have to be nipped in the bud as quickly as possible or it could create a new world problem.
Hopefully by mid 2010 most of the World countries would be out of the recession. Although I fear for many of the eastern EU states which look like they will drag the EU recession down for longer than anticipated.
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DC LEGISLATIVE BILL DETAILS:
Anacostia River Cleanup and Protection Act of 2009
Talking Points
The legislation puts a new focus on reducing the amount of trash that enters the Anacostia River and creates a new fund dedicated to the cleanup and restoration of the Anacostia River. The legislation represents a unique attempt – as best we can tell, the first of its kind in the nation – to work with business and environmental leaders to develop a shared strategy to reduce the amount of trash in the Anacostia River. In addition, this initiative creates a partnership with Maryland to create a shared stewardship for the health of the entire Anacostia watershed.
Regarding Trash in the Anacostia River
- 20,000 tons of trash enters the Anacostia River each year.
- According to a recent report by the DC Dept. of the Environment, plastic bags, bottles, cans, snack wrappers and Styrofoam make up 85% of the trash in the Anacostia River.
- In the river’s tributaries, such as Watts Branch, nearly 50% of the trash is plastic bags.
- According to the report, placing a small fee on “free” bags could eliminate up to 47% of the trash in the tributaries and 21% from the river’s main stem.
- DC WASA removes 477 tons of trash from the Anacostia River each year; Anacostia Watershed Society volunteers have pulled another 536 tons of trash out of the River.
The Cost of Taking No Action
- EPA is establishing a new Total Maximum Daily Load (TMDL) of allowable trash in the Anacostia River and violations are likely to occur with each rainfall event, potentially costing the District millions of dollars annually.
- Each “free” bag that becomes litter already costs District residents:
- District agencies already spend millions on trash rather than people.
- DC WASA spends millions on Anacostia River trash removal, passed on to District rate payers in their monthly water bill.
- Continued pollution of the Anacostia River is dangerous and creates a potential risk to wildlife and marine life.
How the Initiative Works
- The legislation will place a small 5-cent fee on all single-use plastic and paper carryout bags from Retail Food Establishment license holders (which includes grocery stores, food vendors, convenience stores, drug stores, and others) and Class A and B liquor stores.
- The legislation requires that these plastic and paper carryout bags be recyclable.
Community Education and Outreach
- The legislation delays implementation for 6 months to a year, requiring the city to conduct an intensive public information campaign and outreach that includes providing reusable carryout bags to residents for free or low-cost, and work with service providers to distribute multiple reusable bags to seniors and low-income households.
How the Fee Would be Used
- The 5-cent fee will be divided between the business and a newly created Anacostia River Cleanup and Protection Fund.
- Businesses will retain either 1 or 2 cents of the fee, depending whether they offer customers a carryout bag credit program for reusable bags.
- The remaining amount of the fee will be deposited into the Fund to target environmental cleanup, reclamation, and restoration efforts on the Anacostia River, as well as continue a public education campaign and provide free reusable bags to DC residents, in particular the elderly and low income residents.
Where Has This Been Tried Before
- Other cities are moving in this direction. New York, Seattle, and many European nations have already required, or plan to require, a small charge for plastic and paper bags. These initiatives have dramatically cut down on these single-use bags – by as much as 90% in some places.
- In addition, many businesses are already taking similar steps on their own in addition to selling low-cost durable, reusable bags. Discount food stores like ALDI and Save-A-Lot, and even IKEA, charge customers a nominal fee for every bag – greatly reducing the number of plastic and paper bags used and encouraging customers to bring reusable bags.
A website, www.TrashFreeAnacostia.com, has been set up to support the Anacostia River Cleanup and Protection Initiative and to be a resource for information about the effort to reduce the amount of bags that enter the River.
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The economy in Alberta is falling over. Right now alot of companies are going bankrupt. I think the main problem comes from the north of alberta, at Fort McMurray. There, oil companies do everything in their power to hide how they manage the environment. They surely prefer to save their investment instead of following the rules and act responsibly thoward the environment. Sadly, I think they will stop only if people boycut them. One of my friends was working there, and now he refuses to go back, for many reasons, but I strongly approve him, because he chose to work for a greener company. If these companies go bankrupt, I will be happy, honestly. So if you know someone working there because of the good money, do everything in your power to turn them back, please.
With the crisis we are facing, too much people care more about their financial security than about how the government acts to save their pockets. Let's settle this one: yes, oil is one ressource in Alberta, and besides the cows and farms, there is nothing else to make the economy roll. Or is there something else? THE WIND!! There is so much wind in this province! I am certain that a company like Marmen would be interested in planting a couple thousands windmills in the vast plains. With windmills, in 5 to 10 years maybe, Alberta could become independant from the atomic and thermal sources of power, and with some electric cars coming on the market, the turn could be easier if the province can provide cheap/green electricity. I will buy a ecolo-car this year, I recommend you do the same. Boycutting oil IS the solution for saving the environment in Alberta, and some greedy souls as well.
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According to a recent study by Javelin Strategy and Research,
bank customers want green banking. 43% of customers polled said they
would rather do business with a bank that seems more “green.” But many
big banks are trying to paint themselves green simply by promoting an
online billing system.
It is true that monthly paper statements have a big impact on the
environment. If every household in the US were able to switch to
paperless billing, this would save an estimated 16.5 million trees per
year or about 46,000 acres (averaging 360 trees per acre). Trees
protect watersheds, support wildlife habitats, and build soil fertility
while sequestering carbon (deforestation is now the second leading
cause of global warming).
But there’s a problem here.
While we can all agree that preventing deforestation by encouraging
paperless billing is great for the environment, the implication that by
doing so, a bank is obviated from its environmental responsibility and
can now call itself “green” strains credibility. What does it matter if
you save a few thousand trees in North America while funding dirty coal
operations or deforestation in the Congo (you can go to Greendig.net to find out which banks they are)?
Fortunately, there are some Real Green Banks who, despite the economic
downturn, are posting healthy profits and offering their customers
amazing interest rates. Take ShoreBank for example.
ShoreBank has operated for over 30 years based upon the principles
of green banking (long before paperless bills even existed!) and they
offer an investment model that hopefully many banks will follow – TPL,
or “triple bottom line.” The guiding philosophy of TBL is that, in
addition to bringing financial profits to the company, they must ensure
both the community and the environment also profit. To that end, they
partnered with Nobel Prize winner Muhammad Yunus to help create the Grameen Bank which has lifted literally millions out of poverty through micro-lending.
Their foundation in “good old fashioned banking,” as founder and CEO
Ron Grzywinski calls it, has allowed them to escape the trap of
quarterly earning reports and over-leveraged debts that got so many
other banks in trouble. And they now offer one of the highest yield online savings accounts
in the US. You get 3.5% (up to $250,000 insured by FDIC) and the nice
feeling of knowing that all your money is going to help build the green
economy.
To me that’s the direction real “green banking” needs to take.
Via: greendig.net Bookmark/Search this post with:
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