Saturday, November 24, 2012

Would The Death Penalty Be Effective In Cases of Corporate Pollution?

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The first in my family to go to college, I got through a state university on scholarships, student loans, and selling pot. The very first scholarship I ever won was a NYC essay contest sponsored by the UN. I came in second. The question was whether or not the death penalty should be abolished. The winner wrote it should be; I wrote it shouldn't. I was only 15 at the time but, unlike every friend I have, I still believe in the death penalty. The difference now is that I recognize it isn't fairly applied and innocent ppeople are killed... so it can't be used. I just voted to abolish it in the state of California earlier this month-- although, in principle, I'm still very pro-death penalty. I think of excellent ways to make the world a better place by applying it properly nearly every day.

This week I was driving along listening to a radio program, the one above, about hexavalent chromium water pollution in Hinkley, California and I came up with a GREAT idea that would make America an even more super-duper country. A public execution for a dozen people... on TV. These folks: (You're going to be disappointed if you look for Karl Rove and George Bush and Dick Cheney on the list.)
David R. Andrews, Pepsico former chief lobbyist
C. Lee Fox, former Vice Chairman of AirTouch Communications
Fred J. Fowler, Chairman, Spectra Energy
Roger H. Kimmel, Vice Chairman, Rothschild, Inc
Forrest. E. Miller, former Vice President, AT&T
Barbara L. Rambo, CEO, Taconic Management Services
Lewis Chew, Executive VP. Dolby Labs
• Anthony F. Earley, Jr., Chairman and CEO, PG&E
Maryellen C. Herringer, former Executive VP, APL, Limited
Richard A. Meserve, President, Carnegie Institution
Rosendo G. Parra, former Senior VP, Dell
Barry Lawson Williams, Williams Pacific Ventures
Never heard of any of these people? You don't think they're the evilest scumbags that come immediately to mind? First, the hint is in the bolded name, Anthony F. Earley, Jr., Chairman and CEO, PG&E. The dozen people are PG&E's Board of Directors. That's where the buck stops for the giant $50 billion San Francisco-based energy (electricity and natural gas) company with 19,424 employees.

If you saw the classic 2000 film Erin Brockovich you know all the background already. Hinkley, California is in San Bernardino County and its 2,000 people-- that was when the movie came out; there are considerably fewer now-- are represented by one of the most corrupt congressmen in all of American history, Republican predator Jerry Lewis, who is passing the seat along to Paul Cook-- no, not the drummer from the Sex Pistols, his reactionary protégée who just beat out crackpot teabagger Gregg Imus earlier this month. Hinkley's groundwater was polluted with hexavalent chromium between 1952 and 1966, making the area nearly uninhabitable-- although people have their homes and businesses there. PG&E bought a lot of homes up after the contamination was first discovered but they told even more people that their homes were "safe." They weren't safe and those people are sick now-- and PG&E is offering to buy their homes now.
Julie Heggenberger, a 36-year-old mother of two, was just a teenager when PG&E agreed to pay $333 million to residents who claimed they had been made ill by toxic well water. For decades, workers at PG&E's nearby compressor station dumped the chemical hexavalent chromium into waste ponds that seeped into the town's groundwater.

"I sat and I listened, and I was just like — these are the words they were telling us in '97," Heggenberger says. "Even at the time, some people were like, 'Why are you staying?' But we really did feel safe. PG&E said this plume ... it'll never spread, the contamination was back in the '60s, it's over."

Heggenberger, who suffers from Crohn's disease, says she never considered leaving before. She has deep family roots here.

"But when I was in the hospital the second time and all of this has been brought up again ... I said I just want out. That's where I am now. I just want to leave."

Pacific Gas & Electric acknowledges the toxic plume is larger than once thought, but disputes that it is actually growing.

"The reason that it's larger is because we are testing in areas that haven't been previously tested," says Jeff Smith, a spokesperson for PG&E.

"A couple of options for local residents who live within a mile of the contaminated area from PG&E's past actions here-- what we offered was either a whole household water-treatment system or, for those that were interested, a property-purchase program," he says.

More than 200 property owners, over a quarter of the town, have elected to sell their homes to the utility. Along long stretches of asphalt, country mailboxes sprout like desert flowers amid scatterings of boarded-up houses.

Theresa Schoffstall says her home just outside the boundary of the contaminated area does not qualify for the buyout, but her next-door neighbor's home does.

"I'm not an expert in all of this, but to me it's just common sense in a way, the water flows and if it's 200 feet from me, how can mine be different?" she says. "That's what I don't understand."

Schoffstall fears the home she and her husband built 12 years ago is now worthless, but most of all she worries about her children. The family has stopped drinking the water.

"But I'm still cooking and we still shower and we have a swimming pool, and a lot of times people are telling you that's harmless, but I don't want 10 years from now, all of a sudden, [to hear,] 'Remember we told you it was harmless? Now, no its not,' " she says.
Anthony F. Earley, Jr.
So what does all this have to do with executing the Board of Directors on television? Well, this kind of corporate environmental pollution happens all over and all the time. Jerry Lewis did nothing for his constituents and someone like Paul Cook will do exactly the same now that they're his constituents. They're more interested in PG&E's corporate campaign contributions (and candidate Cook already accepted $2,000 from PG&E this year). But do you think any corporation would ever pollute another town again anywhere in the country if these twelve one percenters were given last cigarettes and blindfolds, lined up against a wall and shot? I say we take a chance and see what happens! And I say we send Jerry Lewis in there with them for good measure and see if it makes congressmen behave any better going forward.



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Thursday, October 02, 2008

Stock Painting And Financial Manipulation For Insiders

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Andrew Rice, standing up for working families

You've probably seen-- and probably dismissed-- some of that "string 'em up" talk, right? But lynching isn't what I mean when I talk about harsh punishment for the selfish greedballs who are bankrupting the nation. I firmly believe in fair trials first. If you don't live in Seattle it isn't likely you saw this Times story this morning about the relationship between Darcy Burner and the netroots. Inspired by Reichert, the journalist was trying to prove that "liberal bloggers" from outside the district are more of a threat to the residents of WA-08 than Reichert's special interest corporate donors. The writer, Emily Heffter, kept trying to get me to "admit" I'm a liberal, even though I told her I'm not and explained, patiently, why that kind of labeling is a distraction. I told her I had won a scholarship for writing an essay defending the death penalty and that-- at least in theory-- I still believe in it. Does that make me a liberal? A conservative?

Yesterday's NY Times has a wonky business section story by Floyd Norris about stock market manipulations which demonstrates-- clearly for me-- why economic predators, and the politicians who, for fat bribes, enable them, should be tried and punished, not given golden parachutes and bonuses at the public's expense. Keep in mind this was going on in the midst of the Bush Regime's Shock Doctrine approach to the economic and financial mess they have so deftly guided the country into:
The last five minutes of trading on the last day of the quarter were very good to a significant number of stocks on Tuesday, including battered financial shares.

Tuesday’s closing prices were particularly important to money managers who report their performance based on quarterly figures, and suspicions of “painting the tape”-- buying shares at the end of the day to drive up the price-- have been common during the final minutes of a quarter.

This year, with traders no longer allowed to short financial stocks, sharp rises in share prices in the final minute could not be offset by short-sale orders from investors who suspected tape-painting.

Part of the answer as to whether tape-painting occurred may come Wednesday morning when shares with the largest moves reopen for trading. Over all, the Standard & Poor’s 500-stock index registered 7 percent of the day’s gain in the final five minutes, while the index of financial stocks in the group produced 11 percent of the day’s gain in the time period.

For many stocks, the final move was striking. Sallie Mae, formally known as SLM, for example, rose 10 percent during those minutes, accounting for more than half the day’s rise. The brokerage firm Charles Schwab and the KeyCorp, a banking company, each leaped 7 percent in the final minutes, moves that accounted for more than one-third of their gains for the day.

Old Republic International, an insurance company; XL Capital, another insurance firm; and Janus Capital, a money management firm, all jumped more than 5 percent in the final minutes, moves that accounted for at least 30 percent of their gains for the day.

So who have they gotten to so far, to sell out their constituents and change their voters in favor of the predators and manipulators? Earlier today we exposed Arizona's most crooked House member (now that Rick Renzi is headed to prison), John Shadegg. But Shadegg, who has accepted legalized bribes from the Finance, Insurance, Real Estate Sector totaling $1,065,296, is by no means the only sleazebag listening to Wall Street's siren song. Tennessee Republican hack Zack Wamp led the way towards betraying working families and was joined by Pete Hoekstra (R-MI), Carolyn Cheeks Kilpatrick (D-MI) and Emanuel Cleaver (D-MO). They're all abandoning principle and abandoning their constituents for the comforts Wall Street can offer them.

So while the same wacko fake religionist hate-mongers who blamed 9/11 and Katrina on gay people also blame the Wall Street meltdown on gays more rational observers have a slightly different analysis. Oklahoma's radical right Senator James Inhofe has accepted $1,349,302 in so-called "donations" from the culprits in the Wall Street meltdown. It surprised no one that the Republican leadership thought it would be wise for him to vote against Paulson's bailout plan, since a YES vote would have ended his already shaky career on the spot. His Democratic opponent, Andrew Rice, however, isn't letting him off the hook so easily:
"I've said from the very beginning that something needs to be done, but the bill that passed the Senate tonight is not strong enough. It gives too much away to Wall Street without guaranteeing that a crisis like this won't happen again, and it allows executives to get most or all of their multi-million dollar benefits packages without any punitive consequences.

"Rather than being an active participant at the negotiation table and ensuring Oklahomans have a voice in this important decision, Jim Inhofe removed himself from the equation, offered no alternative solutions, and abdicated his responsibilities as a U.S. Senator."

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