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	<title>corporations &amp;laquo; WordPress.com Tag Feed</title>
	<link>http://en.wordpress.com/tag/corporations/</link>
	<description>Feed of posts on WordPress.com tagged "corporations"</description>
	<pubDate>Thu, 24 Dec 2009 14:41:57 +0000</pubDate>

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<title><![CDATA[The Next Wave From China]]></title>
<link>http://ramanan50.wordpress.com/2009/12/24/the-next-wave-from-china/</link>
<pubDate>Thu, 24 Dec 2009 02:48:32 +0000</pubDate>
<dc:creator>ramanan50</dc:creator>
<guid>http://ramanan50.wordpress.com/2009/12/24/the-next-wave-from-china/</guid>
<description><![CDATA[As things stand China&#8217;s financial control over US govt.is high.When they enter private sector,]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p><strong>As things stand China&#8217;s financial control over US govt.is high.When they enter private sector, the results will be not good for US.Look at the African countries where china has invested, leading to local unrest, following Chinese policy of hiring only Chinese.Also China shall use this as a lever in diplomacy.</strong><br />
Story:<br />
<em><br />
Chinese manufacturers are looking overseas to acquire the means to move into broader markets.</p>
<p>News that Ford Motor has agreed to terms with Zhejiang Geely for the Chinese carmaker to acquire its Volvo Cars division is the latest example of the next wave of Chinese foreign investment. Manufacturers&#8211;mostly privately owned, not state enterprises&#8211;are increasingly looking for brands and technology to use as the foundation of a new generation of innovative and branded Chinese products for both domestic and global markets.</p>
<p>The first wave of Chinese foreign investment was led by the country&#8217;s huge state-owned enterprises, which aimed to secure critical natural resources such as oil and minerals and bought into basic industries that are capital intensive and need scale, such as steelmaking, shipbuilding, construction and telecom infrastructure.</p>
<p>Chinese companies say that their motivation for foreign direct investment is market access or a pre-emptive securing of access against potential protectionist barriers. Computer maker Lenovo ( LNVGY.PK &#8211; news &#8211; people ) and white-goods manufacturer Haier have made inroads into the markets of the developed world following acquisitions, most notably Lenovo&#8217;s of IBM&#8217;s PC business. However, the fast-growing domestic market makes international expansion and the acquisition of foreign distribution networks relatively less important to many Chinese manufacturers than it would have been for companies from other developing economies at a similar stage of industrial development.</p>
<p>Further evidence that the acquisition of strategic assets such as brand and technology, including product R&#38;D, is driving the new wave of Chinese foreign direct investment is that firms are entering foreign markets through M&#38;A rather than greenfield investment.</p>
<p>In many cases, those acquisitions have been of failing firms, notably in the autos industry, where Detroit&#8217;s mistakes offer Chinese acquirers a rare and rich trinity of brands, technology and fire-sale prices. An additional plus: To the extent that these were firms in distress, any potential local political opposition tends to be more muted.</p>
<p>Natural resources and basic industries acquisitions, particularly in Australia, have sparked protests about national economic security being at risk, with state-owned enterprises portrayed as the instruments of an overbearing Chinese government.</p>
<p>Chinese manufacturers know how to squeeze value out of frugal engineering&#8211;the ability to produce low-cost versions of goods for mass markets&#8211;but they haven&#8217;t been able to add on the premium that can be charged for a top brand.</p>
<p>Chinese brands have yet to make global impact. Lenovo and Haier are the best known outside the country, but neither is in the same league as the likes of IBM, Dell ( DELL &#8211; news &#8211; people ), HP and General Electric ( GE &#8211; news &#8211; people ). Nor have China&#8217;s automakers been able to establish outside China brands of the value of Volvo, GM&#8217;s Hummer, whose acquisition by Sichuan Tengzhong is awaiting Beijing&#8217;s sign-off, or MG Rover, the last domestically owned mass-production car manufacturer in the U.K., which wound up in 2005 in the hands of Nanjing Automobile Group, now merged with Shanghai Automotive Industry Corp.</p>
<p>Acquisition is not the only route to technology and brands. China&#8217;s automakers have long pursued the so-called &#8220;&#8216;linkage, leverage, and learning&#8221; model of development, by conducting joint ventures with foreign manufacturers seeking access to the Chinese market, SAIC with GM (now jointly heading for the Indian market, too) and FAW with Toyota ( TM &#8211; news &#8211; people ), for example.</p>
<p>Baotou Bei Ben Heavy-Duty Truck, China&#8217;s sixth-largest heavy truck maker, announced a joint venture earlier this month with South Korea&#8217;s Hyundai that will let it revamp its model line based on Hyundai&#8217;s existing vehicles by 2014, far faster than it could do alone, and eventually give it access to the U.S. market through Hyundai&#8217;s distribution network there.</p>
<p>A similar joint venture approach is being taken in IT, where Chinese software firms have focused on their domestic market by working with foreign multinationals and expanded internationally little further than regional markets in Japan, Taiwan, and South Korea.</p>
<p>Beijing has designated 20 industries in which it intends Chinese companies to become world-class, and it is driving consolidation and vertical integration in many of them. That makes its bureaucrats wary of private company ventures abroad (witness the dallying over Hummer) and subjects potential acquisitions to bureaucratic infighting between ministries championing &#8220;their&#8221; state-owned companies.</p>
<p>That may hold back the innovation that the foreign direct investment strategy is meant to promote. It may also hinder the creation of conglomerates that often drive horizontal integration necessary for developing economies to develop multinationals. South Korea&#8217;s chaebols, for example, started by replicating in overseas markets the innovations developed for their domestic market while simultaneously acquiring related technology and expertise internationally to grow as multi-product and multi-industry companies. China&#8217;s five-year plans aren&#8217;t so flexible.</p>
<p>India, in contrast does have conglomerates, such as the Tata Group. For all Chinese firms&#8217; success in capital-intensive industries, they have been outpaced by Indian companies in skill-intensive sectors such as pharmaceuticals, information technology and business processing. There is no Chinese Wipro ( WIT &#8211; news &#8211; people ) or Infosys. Not yet, at least. Nor has China developed substantial food and beverage or retailing companies, two industries still dominated by Western giants such as Nestle ( NSRGY.PK &#8211; news &#8211; people ) and Wal-Mart ( WMT &#8211; news &#8211; people ).</p>
<p>It is easiest for any developing country&#8217;s firms to grow and internationalize in areas that lack head-to-head competition from U.S. and European firms. China&#8217;s carmakers are in the vanguard of those Chinese companies now showing a readiness to acquire the wherewithal to move out of the niches and into broader markets.</em></p>
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<title><![CDATA[Compulsory Private Health Insurance: Just Another Bailout for the Financial Sector? by Dr. Ellen Brown]]></title>
<link>http://dandelionsalad.wordpress.com/2009/12/23/compulsory-private-health-insurance-just-another-bailout-for-the-financial-sector-by-dr-ellen-brown/</link>
<pubDate>Thu, 24 Dec 2009 01:07:38 +0000</pubDate>
<dc:creator>dandelionsalad</dc:creator>
<guid>http://dandelionsalad.wordpress.com/2009/12/23/compulsory-private-health-insurance-just-another-bailout-for-the-financial-sector-by-dr-ellen-brown/</guid>
<description><![CDATA[by Dr. Ellen Brown Featured Writer Dandelion Salad webofdebt.com Dec 23, 2009 [Note: slightly revise]]></description>
<content:encoded><![CDATA[by Dr. Ellen Brown Featured Writer Dandelion Salad webofdebt.com Dec 23, 2009 [Note: slightly revise]]></content:encoded>
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<title><![CDATA[Coca-Cola The Real World]]></title>
<link>http://smalltalkwitht.wordpress.com/2009/12/23/coca-cola-the-real-world/</link>
<pubDate>Wed, 23 Dec 2009 23:03:28 +0000</pubDate>
<dc:creator>smalltalkwitht</dc:creator>
<guid>http://smalltalkwitht.wordpress.com/2009/12/23/coca-cola-the-real-world/</guid>
<description><![CDATA[Who doesn&#8217;t love Coca-cola? I love the taste. I love the little 100-calorie cans that help me ]]></description>
<content:encoded><![CDATA[Who doesn&#8217;t love Coca-cola? I love the taste. I love the little 100-calorie cans that help me ]]></content:encoded>
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<title><![CDATA[Obama names former Bush adviser as cybersecurity chief]]></title>
<link>http://dprogram.net/2009/12/23/obama-names-former-bush-adviser-as-cybersecurity-chief/</link>
<pubDate>Wed, 23 Dec 2009 19:11:46 +0000</pubDate>
<dc:creator>sakerfa</dc:creator>
<guid>http://dprogram.net/2009/12/23/obama-names-former-bush-adviser-as-cybersecurity-chief/</guid>
<description><![CDATA[On Tuesday, the Obama administration announced the appointment of Howard Schmidt, a former adviser t]]></description>
<content:encoded><![CDATA[On Tuesday, the Obama administration announced the appointment of Howard Schmidt, a former adviser t]]></content:encoded>
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<title><![CDATA[Drive Traffic and Sales at Your Marketing Event with Money Machines]]></title>
<link>http://expopediablog.wordpress.com/2009/12/23/drive-traffic-and-sales-at-your-marketing-event-with-money-machines/</link>
<pubDate>Wed, 23 Dec 2009 16:45:14 +0000</pubDate>
<dc:creator>expopedia</dc:creator>
<guid>http://expopediablog.wordpress.com/2009/12/23/drive-traffic-and-sales-at-your-marketing-event-with-money-machines/</guid>
<description><![CDATA[Learn how small businesses and big corporations like Wal-Mart, Bank of America, and Harrah&#8217;s C]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p>Learn how small businesses and big corporations like Wal-Mart, Bank of America, and Harrah&#8217;s Casino are using the Cash Cube Money Machine to drive crowds and convert visitors into customers.<br />
<a href="http://www.advertising-marketing-articles.com/drive-traffic-and-sales-at-your-marketing-event-with-money-machines.shtml">Continue reading &#8230;</a></p>
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<title><![CDATA[Green Party of New York Decries US Senate Health Care Sellout]]></title>
<link>http://wilderside.wordpress.com/2009/12/23/green-party-of-new-york-decries-senate-health-care-sellout/</link>
<pubDate>Wed, 23 Dec 2009 13:31:27 +0000</pubDate>
<dc:creator>wilderside</dc:creator>
<guid>http://wilderside.wordpress.com/2009/12/23/green-party-of-new-york-decries-senate-health-care-sellout/</guid>
<description><![CDATA[The Green Party of New York State decries the “historic” deal reached in the US Senate as historic o]]></description>
<content:encoded><![CDATA[The Green Party of New York State decries the “historic” deal reached in the US Senate as historic o]]></content:encoded>
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<title><![CDATA[Climate Chaos]]></title>
<link>http://dad2059.wordpress.com/2009/12/23/climate-chaos/</link>
<pubDate>Wed, 23 Dec 2009 11:07:50 +0000</pubDate>
<dc:creator>dad2059</dc:creator>
<guid>http://dad2059.wordpress.com/2009/12/23/climate-chaos/</guid>
<description><![CDATA[When people talk about &#8216;climate change&#8217; now-a-days, they usually mean &#8216;anthropocen]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p>When people talk about &#8216;climate change&#8217; now-a-days, they usually mean &#8216;anthropocentric&#8217; climate change, which means climate change influenced by human activity.</p>
<p>I used to be in the above crowd. Why not? 250 years of Industrial Revolution actions that dumped millions of tons of hydrocarbon waste into the atmosphere surely must have an effect? And to note, &#8216;acid rain&#8217;, ie rain that is essentially sulfuric acid has fallen on the western side of the Appalachian Mountains here in Upstate New York during the 1970s through the early 1990s, the result of which from the smoke-stacks of coal-fired power plants in the Mid-West.</p>
<p>What has changed my mind?</p>
<p>Let me first say this disclaimer; I am not an atmospheric scientist, just a half-assed informed layman.</p>
<p>In that capacity, after 2 1/2 years of research I have IMHO discovered that there is a global elite who stand to gain significantly (economically) from centralized global control of &#8216;climate change&#8217; policy.</p>
<p>Now do I think that we, as a global society, should get away from using fossil fuels to power our economies and societies?</p>
<p>Sure. But there are too many reasons to list here.</p>
<p>And the poor nations of the Earth, who get short shrift from the First World Nations anyway, know that their economies still need fossil fuel technology, just to break even and make their loan payments to the IMF.</p>
<p>But the recent climate conferences in the Netherlands in the EU (CO15) were not derailed by poor nations (they did walk out at one point anyway), but was jinked by the US and China (is China Third World or First World now?):</p>
<blockquote><p>Following a meeting in Brussels to discuss how to rescue the Copenhagen climate process, EU environment ministers emphasized the need for concrete, legally binding measures to combat global warming.</p>
<p>The European Union went to Copenhagen with the hope of achieving a broad commitment to at least a 20-percent cut in carbon emissions below 1990 levels within 10 years, but that and other firm goals failed to emerge in the final accord.</p>
<p>The two-week, United Nations-led conference ended on Saturday with a non-legally binding agreement to limit global warming to a maximum of 2 degrees Celsius over pre-industrial times, but did not lay out how to achieve that.</p>
<p>Despite months of preparation and strenuous diplomacy, the talks boiled down to an inability of the world&#8217;s two largest emitters, the United States and China, to agree fixed targets.</p>
<p>&#8220;Expectations and pressure on the United States have risen after Copenhagen &#8230; to really deliver,&#8221; Swedish Environment Minister Andreas Carlgren told a news briefing on Tuesday after Sweden, as EU president until December 31, chaired pan-EU talks.</p>
<p>Ministers from the EU&#8217;s 27 member states will meet again in January to discuss what role the EU can play in cobbling together a stronger agreement.</p>
<p>DASHED PLANS</p>
<p>The bloc went to Copenhagen with a unified position and a plan for financing emissions cuts in the developing world, with a commitment to spend around 7 billion euros ($10 billion) over the next three years to aid poorer countries.</p>
<p>But those aims were largely sidelined as the talks failed to produce a breakthrough. Carlgren described the summit as a &#8220;disaster&#8221; and a &#8220;great failure,&#8221; despite what he called Europe&#8217;s united efforts.</p>
<p>&#8220;Europe never lost its aim, never, never came to splits or different positions, but of course this was mainly about other countries really (being) unwilling, and especially the United States and China,&#8221; Carlgren said.</p>
<p>Britain on Monday blamed China and a handful of other countries of holding the world to ransom by blocking a legally binding treaty at Copenhagen, stepping up a blame game that has gathered momentum since the talks ended.</p>
<p>In a sharply worded response, Chinese Foreign Ministry spokeswoman Jiang Yu rejected accusations that China had &#8220;hijacked&#8221; the climate talks and added: &#8220;The statements from certain British politicians are plainly a political scheme.&#8221;</p>
<p>British Prime Minister Gordon Brown described the summit as &#8220;at best flawed and at worst chaotic&#8221; and demanded an urgent reform of the process to try to reach a legal treaty when talks are expected to resume in Germany next June.</p>
<p>But Danish Climate Minister Connie Hedegaard, who quit as president of the talks midway through after being criticized by African countries for favoring wealthier nations in negotiations, said there was no point in getting depressed.</p>
<p>&#8220;What we need to do is to secure the step that we took and turn it into a result,&#8221; she told reporters as she arrived for the Brussels meeting on Tuesday. Asked whether Copenhagen had been a failure, she replied:</p>
<p>&#8220;It would have been a failure if we had achieved nothing. But we achieved something &#8212; a first step.</p>
<p>&#8220;It was the first time we held a process where all the countries were present, including the big emitters.&#8221;</p></blockquote>
<p>In short, there must be a way to convert the worlds&#8217; societies economies and technologies slowly and evenly with alternate tech over the next 50 years to shift away from fossil fuels. Is there sufficient wealth in the market to begin the change, or is technology being suppressed by the global financial/energy elites so only they have the power to begin the shift, if they feel like it?</p>
<p>If they see money in it, they will start the change.</p>
<p>And the elite aren&#8217;t as united as one would think.</p>
<p><a title="http://www.reuters.com/article/idUSTRE5BL21F20091222" href="http://www.reuters.com/article/idUSTRE5BL21F20091222" target="_blank"><strong>EU calls for more U.S. involvement in climate works</strong></a></p>
<p><a title="http://www.redicecreations.com/article.php?id=9201" href="http://www.redicecreations.com/article.php?id=9201" target="_blank"><strong>hat tip</strong></a></p>
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<title><![CDATA[Brace Yourself For a Hard Landing By Mike Whitney]]></title>
<link>http://dandelionsalad.wordpress.com/2009/12/23/brace-yourself-for-a-hard-landing-by-mike-whitney/</link>
<pubDate>Wed, 23 Dec 2009 10:55:07 +0000</pubDate>
<dc:creator>dandelionsalad</dc:creator>
<guid>http://dandelionsalad.wordpress.com/2009/12/23/brace-yourself-for-a-hard-landing-by-mike-whitney/</guid>
<description><![CDATA[http://dandelionsalad.wordpress.com/ By Mike Whitney December 22, 2009 &#8220;Information Clearing H]]></description>
<content:encoded><![CDATA[http://dandelionsalad.wordpress.com/ By Mike Whitney December 22, 2009 &#8220;Information Clearing H]]></content:encoded>
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<title><![CDATA[Agent of Change. By Ralph Nader]]></title>
<link>http://kanan48.wordpress.com/2009/12/22/agent-of-change-by-ralph-nader/</link>
<pubDate>Wed, 23 Dec 2009 07:16:32 +0000</pubDate>
<dc:creator>kanan48</dc:creator>
<guid>http://kanan48.wordpress.com/2009/12/22/agent-of-change-by-ralph-nader/</guid>
<description><![CDATA[Via: Nader.org. The ancient Greek philosopher, Heraclitus (535-475 BC) said that “character is desti]]></description>
<content:encoded><![CDATA[Via: Nader.org. The ancient Greek philosopher, Heraclitus (535-475 BC) said that “character is desti]]></content:encoded>
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<title><![CDATA[Top Ten Worst Things about the Bush Decade; Or, the Rise of the New Oligarchs. By Juan Cole]]></title>
<link>http://kanan48.wordpress.com/2009/12/22/top-ten-worst-things-about-the-bush-decade-or-the-rise-of-the-new-oligarchs-by-juan-cole/</link>
<pubDate>Wed, 23 Dec 2009 06:25:32 +0000</pubDate>
<dc:creator>kanan48</dc:creator>
<guid>http://kanan48.wordpress.com/2009/12/22/top-ten-worst-things-about-the-bush-decade-or-the-rise-of-the-new-oligarchs-by-juan-cole/</guid>
<description><![CDATA[Via: Informed Comment. By spring of 2000, Texas governor George W. Bush was wrapping up the Republic]]></description>
<content:encoded><![CDATA[Via: Informed Comment. By spring of 2000, Texas governor George W. Bush was wrapping up the Republic]]></content:encoded>
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<title><![CDATA[September 11, 2001: America and NATO Declare War on Afghanistan. By Michel Chossudovsky]]></title>
<link>http://kanan48.wordpress.com/2009/12/22/september-11-2001-america-and-nato-declare-war-on-afghanistan-by-michel-chossudovsky/</link>
<pubDate>Wed, 23 Dec 2009 04:12:18 +0000</pubDate>
<dc:creator>kanan48</dc:creator>
<guid>http://kanan48.wordpress.com/2009/12/22/september-11-2001-america-and-nato-declare-war-on-afghanistan-by-michel-chossudovsky/</guid>
<description><![CDATA[Via: Global research. Why are American and NATO troops in Afghanistan? What is the justification for]]></description>
<content:encoded><![CDATA[Via: Global research. Why are American and NATO troops in Afghanistan? What is the justification for]]></content:encoded>
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<title><![CDATA["Colorblindness": The Trouble with President Barack Obama's Boilerplate Response to Concerns from Black Elected Officials]]></title>
<link>http://alexwdc.wordpress.com/2009/12/22/colorblindness-the-trouble-with-president-barack-obamas-boilerplate-response-to-concerns-from-black-elected-officials/</link>
<pubDate>Wed, 23 Dec 2009 03:30:13 +0000</pubDate>
<dc:creator>Alex W.</dc:creator>
<guid>http://alexwdc.wordpress.com/2009/12/22/colorblindness-the-trouble-with-president-barack-obamas-boilerplate-response-to-concerns-from-black-elected-officials/</guid>
<description><![CDATA[I continue to be dismayed with President Barack Obama&#8217;s position on questions from Black Unite]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p>I continue to be dismayed with President Barack Obama&#8217;s position on questions from Black United States citizens. He seems to believe that any request for attention for issues of concern to the Black community (writ large) is exclusively race based. Hence, he developed a flawed boilerplate response that not only diminished legitimate issues but also makes Black citizen functionally second class. The President&#8217;s attitude must change. The President is indeed the Chief Executive of the nation; he should therefore act appropriately to his office&#8217;s responsibilities.</p>
<p>My concern began with the President&#8217;s response to concerns of the Congressional Black Caucus about the high level of unemployment among Black people. The President <a href="http://content.usatoday.com/communities/theoval/post/2009/12/obama-rejects-congressional-black-caucus-criticism-/1" target="_self">said</a>,</p>
<blockquote><p>I will tell you that I think the most important thing I can do for the African-American community is the same thing I can do for the American community, period, and that is get the economy going again and get people hiring again,&#8221; the president told Richard Wolf of USA TODAY and Justin Hyde of the <em>Detroit Free Press</em> in an exclusive joint interview.</p>
<p>[...]</p>
<p>I think it&#8217;s a mistake to start thinking in terms of particular ethnic segments of the United States rather than to think that we are all in this together and we are all going to get out of this together, he said.</p></blockquote>
<p>I wrote a response to this statement in a previous <a href="http://alexwdc.wordpress.com/2009/12/05/the-futility-of-colorblindness-president-obama-certain-house-financial-services-committee-members/" target="_self">post</a>. The President&#8217;s &#8220;colorblind&#8221; approach is intrinsically unfair to those who are not part of the majority. Because non-majority group members will never be the majority&#8211;at least in the short term of the President&#8217;s first term&#8211;their issues necessarily will not get any attention at all using his rationale.</p>
<p>In response to a question from <a href="http://aprildryan.com/?p=531" target="_self">April Ryan</a>, the President reiterated his boilerplate response.</p>
<blockquote><p>The only thing I cannot do is, by law I can’t pass laws that say I’m just helping black folks,” Obama said. “I’m the president of the entire United States. What I can do is make sure that I am passing laws that help all people, particularly those who are most vulnerable and most in need. That, in turn, is going to help lift up the African-American community.</p></blockquote>
<p>I realize that the President is the Chief Executive for the whole nation, but Black people are also equal citizens under the law who have the right to bring their concerns to elected officials and to expect that all necessary action will be taken. That does <em>not</em> mean that merely seeking redress from the elected representatives of the people requires the President to prepare race-based legislation. I do not know where the President got that idea from.</p>
<p>I figure that the President should not focus on the identity of the person seeking redress, but rather he should focus on the issues presented. For example, poverty. The President should be able to consult his Ivy League educated staff to develop policy, legislation or both that would be able to help many citizens, including Black people.</p>
<p>Why does the President have expansive and fast action for Wall Street (despite their regression to avaricious behavior that led to the crisis), corporations (particularly in the unsavory health care &#8220;reform&#8221; Bill), and those with wealth, while being slow footed and slack jawed for everybody else? This is not a proper footing for a President, and he should correct it immediately.</p>
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<title><![CDATA[It's The End of the World As We Know It]]></title>
<link>http://localcrank.wordpress.com/2009/12/22/its-the-end-of-the-world-as-we-know-it/</link>
<pubDate>Wed, 23 Dec 2009 02:48:31 +0000</pubDate>
<dc:creator>The Local Crank</dc:creator>
<guid>http://localcrank.wordpress.com/2009/12/22/its-the-end-of-the-world-as-we-know-it/</guid>
<description><![CDATA[The US Supreme Court is poised to formally cede control of the American democratic process to large,]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p>The US Supreme Court is poised to <a href="http://crooksandliars.com/john-amato/supreme-court-about-hand-over-our-entir">formally cede control of the American democratic process</a> to large, unaccountable corporations and special interest group.  The ruling could potentially allow these groups to dump millions of dollars into elections, while denying voters the right to even know where the money came from.  This is the natural result of the disastrous <a href="http://www.law.cornell.edu/supct/html/historics/USSC_CR_0424_0001_ZS.html">Buckley v. Valeo</a> decision:  if money = &#8220;free speech,&#8221; then those who have more money have more rights, creating a two-class system.  Or, to put it another way, it&#8217;s the Golden Rule:  them that has the gold makes the rules.</p>
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<title><![CDATA[ Experts slam House panel report on BIA]]></title>
<link>http://ramanan50.wordpress.com/2009/12/23/experts-slam-house-panel-report-on-bia/</link>
<pubDate>Wed, 23 Dec 2009 02:36:33 +0000</pubDate>
<dc:creator>ramanan50</dc:creator>
<guid>http://ramanan50.wordpress.com/2009/12/23/experts-slam-house-panel-report-on-bia/</guid>
<description><![CDATA[The JHC has faulted the design of BIA and held to account the people responsible ,namely, decision m]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p><em><strong><br />
 The JHC has faulted the design of BIA and held to account the people responsible ,namely, decision makers in awarding the contract ,okaying the design and not following procedures.No body has denied the mistake pointed out. I do not see any thing objectionable in this.<br />
 -NRN should not be criticized-Is he beyond criticism?He is an entrepreneur who made it big and made a power to reckon with in the international arena in IT. That does not make him a God.He can be criticized if he is wrong.May be the media has given him larger than life image. Funnily he has not made any comment, as  is proper.Why do others talk crap?<br />
-Private investors will be demotivated.-If private investors commit mistakes, should they be applauded?They must take the rap for their mistakes.Would the private industry let go of their CEO and senior managers, if they make similar mistakes in their companies?How come Hyderabad airport is not censured?Ascribing motive is non sense. The committee has been asked on specific request to go into the affairs of BIA.It has done a job.Now you fault it.At this rate you shall direct the independent agencies or what is left of them,like C&#38;AG and CBI to arrive at conclusions dictated by politicians and industrialists.(unfortunately this is the case). What is sad is the lack of accountability by the industrialists.They do not seem to be different from politicos as for as accountability is concerned.Indications are that the report shall be shelved.<br />
The mistake is to have tabled the report before all members have signed it.</strong></em><br />
BANGALORE: The state government has landed itself in a spot, as its Joint House Committee report on the Bengaluru International Airport has come<br />
in for severe criticism from industry captains. They believe the report questions the very premise of the public-private partnership model on which the airport project was built. </p>
<p>The Rs 2,500-crore BIA is the first and largest PPP project to have come up in the state. Over Rs 50,000 crore is riding on the back of several PPP projects in road and infrastructure projects. Barring this, the state government is talking of PPP projects in biotechnology, IT, textile and agro-processing, etc. </p>
<p>&#8220;How can the state government talk about PPP when this is how they treat their private partners? The government is sending the wrong signal to industry on the future of PPP,&#8221; said Kiran Mazumdar Shaw, CMD, Biocon and chairperson of the state&#8217;s Vision Group on Biotechnology. &#8220;This report will surely create a temporary feel-bad factor in industry. As an industry body, we&#8217;ll definitely take up this matter with the government, in the right spirit,&#8221; said T Parabrahman, chairman, CII Karnataka chapter. </p>
<p>K R Girish, president, Bangalore Chamber of Industry and Commerce, said, &#8220;This report could also damage the state&#8217;s prospects for organizing the Global Investors&#8217; Meet in June 2010. Such reports will make it difficult for the government to invite foreign investment and private equity participation for projects in the pipeline.&#8221; Harish Bijoor, domain expert, says the Hyderabad airport built with private participation gives you a feel of being in an international airport. So, there is nothing wrong with it.<br />
<a href="http://timesofindia.indiatimes.com/city/bangalore/Experts-slam-House-panel-report-on-BIA/articleshow/5367897.cms">http://timesofindia.indiatimes.com/city/bangalore/Experts-slam-House-panel-report-on-BIA/articleshow/5367897.cms</a></p>
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<title><![CDATA[Values of Health Care Stocks Increase Fearlessly as Public Option Is Dead by Dennis Kucinich]]></title>
<link>http://dandelionsalad.wordpress.com/2009/12/22/values-of-health-care-stocks-increase-fearlessly-as-public-option-is-dead-by-dennis-kucinich/</link>
<pubDate>Tue, 22 Dec 2009 23:56:23 +0000</pubDate>
<dc:creator>dandelionsalad</dc:creator>
<guid>http://dandelionsalad.wordpress.com/2009/12/22/values-of-health-care-stocks-increase-fearlessly-as-public-option-is-dead-by-dennis-kucinich/</guid>
<description><![CDATA[Dandelion Salad by Dennis Kucinich kucinich.us Dec. 22, 2009 Wall Street Celebrates Senate&#8217;s ]]></description>
<content:encoded><![CDATA[Dandelion Salad by Dennis Kucinich kucinich.us Dec. 22, 2009 Wall Street Celebrates Senate&#8217;s ]]></content:encoded>
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<title><![CDATA[Court: Microsoft violated patent; can't sell Word]]></title>
<link>http://ramanan50.wordpress.com/2009/12/23/court-microsoft-violated-patent-cant-sell-word/</link>
<pubDate>Tue, 22 Dec 2009 18:52:14 +0000</pubDate>
<dc:creator>ramanan50</dc:creator>
<guid>http://ramanan50.wordpress.com/2009/12/23/court-microsoft-violated-patent-cant-sell-word/</guid>
<description><![CDATA[WASHINGTON &#8212; A federal appeals court on Tuesday upheld a $290 million judgement against Micros]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p><strong>WASHINGTON &#8212; A federal appeals court on Tuesday upheld a $290 million judgement against Microsoft Corp. and issued an injunction that will prevent the sale of its popular Word software.</p>
<p>The court injunction is set to go into effect Jan. 11. Microsoft ( MSFT &#8211; news &#8211; people ) has said such a bar would prohibit the sale of all currently available versions of Microsoft Word and Microsoft Office.</p>
<p>Microsoft had appealed a Texas jury verdict in favor of i4i Inc., a Toronto company. The jury found recent versions of Microsoft Word infringed on a software patent.</p>
<p>Microsoft has said that it and the public will both suffer if Word goes off the market while the company devises a workaround. The court said the decision does not affect copies of the programs sold before the injunction goes into effect.</strong><br />
<a href="http://www.forbes.com/feeds/ap/2009/12/22/general-technology-hardware-amp-equipment-us-microsoft-patent_7232307.html?partner=alerts">http://www.forbes.com/feeds/ap/2009/12/22/general-technology-hardware-amp-equipment-us-microsoft-patent_7232307.html?partner=alerts</a></p>
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<title><![CDATA[10 Greediest People of 2009]]></title>
<link>http://ramanan50.wordpress.com/2009/12/22/10-greediest-people-of-2009/</link>
<pubDate>Tue, 22 Dec 2009 16:48:08 +0000</pubDate>
<dc:creator>ramanan50</dc:creator>
<guid>http://ramanan50.wordpress.com/2009/12/22/10-greediest-people-of-2009/</guid>
<description><![CDATA[This makes one feel that Communism is attractive.! As ordinary Americans reel from the Great Recessi]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p><em><strong><br />
This makes one feel that Communism is attractive.!</strong></em><br />
<strong>As ordinary Americans reel from the Great Recession, these gluttonous all-stars continue to claw in absurd amounts of money.</p>
<p>Has picking a year’s greediest &#8220;top ten&#8221; ever been easier? We don&#8217;t think so. We could, this year, fill an entire top ten just with bankers from Goldman Sachs &#8212; or JPMorgan Chase or any of a number of other Wall Street giants. All sport executive suites packed with power suits who fanned the flames that melted down the global economy, then helped themselves, after gobbling down billions in bailouts, to paydays worth mega millions &#8212; at a time when, in over half our states, over a quarter of America’s kids are living off food stamps.</p>
<p>Now that’s greed. But that’s also not the whole picture. The Great Recession’s greedy don’t just sit on Wall Street. They occupy perches of power throughout the reeling U.S. economy. So we’ve tried, in this our latest annual ranking of avarice, to survey that bigger picture.</p>
<p>Where does all this greed come from? We humans have always, of course, had greed among us. But levels of greed vary enormously from one historical epoch to another &#8212; and from one society to another.</p>
<p>What determines which societies see the most greed and grasping? In a word: inequality. The more wealth concentrates, the more greed grows. The United States remains the most unequal nation in the developed world. Next year, we suspect, will bring us still another bumper crop of greedy.</p>
<p>10: Richard Anderson</p>
<p>America’s airlines have been flying, for the most part, under the media radar ever since the nation’s banks went into meltdown mode, and that suits Delta CEO Richard Anderson just fine.</p>
<p>Delta, now the world’s biggest airline, has been richly rewarding Anderson ever since he became the airline’s top exec in September 2007. If folks were paying attention, they might wonder why. Delta, after all, lost $8.9 billion in 2008. In 2009, Delta and other U.S. carriers, says the International Air Transport Association, will likely lose a combined $1 billion.</p>
<p>Passengers are certainly feeling this red ink. Delta and other carriers have been trimming seating capacity, a move, notes the Orlando Sentinel, designed to “enable them to raise ticket prices more often.” Delta is also squeezing passengers with airport bag fees. In August, the airline’s bag charges bounded to $20 for the first bag and $30 for the second.</p>
<p>Anderson and his family, meanwhile, don’t just fly free on Delta. The airline also pays the taxes due on Anderson’s free tickets &#8212; and lots more, too.</p>
<p>For agreeing to become Delta’s chief, 28 months ago, Anderson picked up $8.5 million in stock awards. Seven months later, another $3.4 million. Six months after that, to celebrate the Delta-Northwest merger, more options to buy Delta stock, worth $7.3 million, and more actual shares, worth $6.1 million.</p>
<p>With all those rewards, Anderson must be devoting every waking hour to making Delta soar, right? Well, almost every waking hour. Anderson has been spending some of his precious hours serving on the corporate board of Medtronic, a medical tech firm. In 2009, from the good people at Medtronic, he’ll pocket $188,000 for his directorship services.</p>
<p>9: George David/Marie Douglas-David</p>
<p>This power couple hit the headlines last March, with a nasty divorce trial. We tried to pick the most greedy of the pair. We failed. Here’s why.</p>
<p>The 67-year-old George David, the former CEO of defense contracting powerhouse United Technologies, comes with impeccable greed credentials. In the four years after the 9/11 attacks, David hauled home bigger paydays than any other defense executive, over $200 million in all, including $88.3 million in 2004, a sum that made him that year’s top-paid CEO.</p>
<p>Taxpayers, noted the Institute for Policy Studies Executive Excess CEO pay report in 2006, provide a third of United Technologies annual operating income.</p>
<p>But George has found his match in avarice. Marie Douglas-David, a Wall Street investment banker before she married George in 2002, signed a pre-nup before her wedding day that entitled her to $20,000 a week should the marriage break up, a not unreasonable possibility given the 30-year age gap between the two.</p>
<p>The couple did separate last year and this past spring went to court after Marie sued to overturn the pre-nup. She demanded $53,000 a week. Marie needed extra cash, said her lawyers, to cover her basic expenses. Among those basics: &#8220;$4,500 a week for clothes, $8,000 for travel, and $1,500 for eating out.&#8221;</p>
<p>8: Steve Wynn</p>
<p>Last February, Las Vegas gaming industry kingpin Steve Wynn announced an across-the-board wage and hour cutback for all employees at his resort empire. The total savings for Wynn Resorts: between $75 and $100 million.</p>
<p>In November Wynn Resorts announced a special $4-per-share dividend. Total cost of the dividend payout to Wynn Resorts: $492 million. Total dividend check that will go to Steve Wynn: $88.6 million.</p>
<p>Wynn currently rates 141st on the annual Forbes list of America’s 400 richest. But his fortune has faded some $900 million, to just $2.3 billion now, since last year. A typical American family, according to Census Bureau figures, would have to work nearly 18,000 years to make $900 million.</p>
<p>Wynn, ever the trooper, isn’t crying in his cocktails over his near-billion-dollar misfortune. He &#8220;rang in&#8221; the 2009 new year skimming the Caribbean on a 183-foot mega yacht, then went on to spend lovely winter days dodging gossip columnists on the Riviera and in the Alps.</p>
<p>7: Robert Rubin</p>
<p>Back in 1997, then-Treasury Secretary Robert Rubin won huzzahs the world over for his efforts to fix the Asian financial crisis. One crisis &#8220;solved,&#8221; Rubin proceeded to help create another &#8212; by brokering the 1999 deal that repealed the New Deal’s most important financial industry reform legislation.</p>
<p>That reform, the Glass-Steagall Act, essentially prevented investment banks from speculating with the cash commercial banks and insurance companies were collecting from depositors and policy holders. Glass-Steagall would be weakened over the years, but still had enough oomph, at century’s end, to prevent Citicorp from finalizing a merger with Travelers Group insurance.</p>
<p>Citi, America&#8217;s biggest bank, and Travelers needed Glass-Steagall eliminated. Rubin obliged. His contacts and credibility, notes Public Citizen president Robert Weissman, helped speed repeal through Congress &#8212; and paved the way for the wild Wall Street run that crashed the U.S. economy.</p>
<p>Rubin, a Goldman Sachs alum before his stint at Treasury, would go on to join the newly merged Citigroup as a senior strategist. Citi, betting heavily on subprimes, would go on to lose over $65 billion during Rubin’s stint, and, this past January, Rubin formally resigned his Citi duties.</p>
<p>Overall, Rubin pocketed $126 million in cash and stock for his Citi labors. But he seems to regard his years at the bank as something akin to public service. Declared Rubin in one exit interview: “I bet there&#8217;s not a single year where I couldn&#8217;t have gone somewhere else and made more.”</p>
<p>6: Andrew Hall</p>
<p>If you happen to be Andrew Hall, the world’s most celebrated commodity trader, you don’t care what other people think. Hall waged a four-year battle &#8212; against his neighbors in the posh Connecticut town of Southport &#8212; to keep a 80-foot-long concrete sculpture on his lawn.</p>
<p>The neighbors won, and Hall had to remove the concrete eyesore. He promptly replaced it with two garishly painted &#8220;cartoonlike&#8221; sculptures of cars.</p>
<p>Hall can afford plenty of sculptures. He took home $100 million betting on oil futures and other commodities in 2008 &#8212; after picking up a quarter-billion over the previous five years &#8212; and stood to receive another $100 million this year.</p>
<p>But his employer, Citigroup, balked. Citi, by that time, was sitting on $45 billion in taxpayer bailout dollars, and handing $100 million to Hall, the honcho of Citi’s commodity-trading subsidiary, would have created a PR disaster for the bank &#8212; and the Obama administration as well.</p>
<p>Hall didn’t care. He demanded his trading fee. Citi ended up having to sell off Hall’s subsidiary, at a bargain basement price, to end the Hall headache.</p>
<p>Our story, to be sure, does have a happy ending &#8212; for Hall, Citi, and federal pay czar Kenneth Feinberg. Hall will get his $100 million, but not until next year. That deferral let Citi claim a zero pay expense for Hall in 2009, and Citi’s pay outlays for the year now show up about $100 million less than last year.</p>
<p>This accounting razzmatazz helped skew the 2009 executive pay totals for the seven biggest bailout basket cases and enabled pay czar Feinberg to claim that pressure from his office had, &#8220;on average,&#8221; reduced executive cash comp at the seven by an impressive &#8212; and thoroughly misleading &#8212; 90 percent.</p>
<p>5: John Chambers</p>
<p>Earlier this year, with lawmakers mulling over legislation to limit CEO pay, a high-powered New York business group convened a &#8220;Task Force on Executive Compensation&#8221; to show that corporations could clean up their own act.</p>
<p>The final report from this task force, issued this fall, asked companies to commit themselves to executive pay that&#8217;s &#8220;fair&#8221; and &#8220;clearly aligned with actual performance.&#8221; Among the first half-dozen companies to make that commitment: Cisco, the Internet networking giant.</p>
<p>Just days later, a federal filing revealed that Cisco was awarding &#8220;discretionary bonuses&#8221; to its five top executives for the fiscal year that ended this past July. Why &#8220;discretionary?&#8221; The company couldn’t give the execs regular bonuses since all five missed their &#8220;performance&#8221; targets.</p>
<p>Cisco says the five execs delivered &#8220;solid financial performance&#8221; while facing &#8220;tough economic challenges.&#8221; Not that solid. Cisco has laid off over 1,500 workers since the economy turned challenging. Cisco CEO John Chambers, for his part, has pocketed $232.7 million over the last five years.</p>
<p>Back in 2000, Cisco reigned briefly as the world&#8217;s biggest company, as measured by total share value. Then the dot.com bubble burst. But Chambers unloaded a ton of shares before the bubble popped &#8212; and cleared a $156 million windfall.</p>
<p>The janitor who cleaned Cisco&#8217;s executive suites that year, observed the San Jose Mercury News at the time, would have to work 8,653 years to earn what Chambers made in one.</p>
<p>4: Rupert Murdoch</p>
<p>Billionaires never rest. They don’t let their assets rest either. Take media mogul Rupert Murdoch, for instance. Three years ago, Murdoch shelled out an estimated $30 million for a 183-foot yacht he calls the Rosehearty. He’s apparently enjoying his investment. Billionaire-watchers have sighted him holidaying offshore with actor Mel Gibson and crooner Billy Joel.</p>
<p>But what do billionaires do when they can’t find an aging celebrity to join them aboard? They rent their boats out, says Superyacht World &#8212; discreetly, of course, through charter agencies that never reveal the boat’s actual owner.</p>
<p>But sometimes that identity does slip out. Murdoch’s Rosehearty, an enterprising reporter has disclosed, charters for just under $300,000 per week. Murdoch’s &#8220;exceptionally solicitous staff&#8221; comes included in the fee.  </p>
<p>Speaking of fees, Murdoch has launched a crusade to force Web surfers to pay for the newspaper articles they read online. One reason: His take-home last year from the News Corp. &#8212; the base of his media empire &#8212; dropped 14 percent to $27.5 million.</p>
<p>3: Mark Hurd</p>
<p>Computer printer ink, a high-tech financial analyst pointed out a few years ago, &#8220;costs more per drop than expensive perfume.&#8221; Mark Hurd, the CEO at Hewlett-Packard since 2005, wouldn’t have it any other way.</p>
<p>HP, under Hurd, has been busy squeezing every bit of revenue possible out of the printer ink cash cow. Last year, HP upped ink prices up at double the inflation rate. The typical $30 ink cartridge, SmartMoney reported this past June, costs $3 to make.</p>
<p>Hurd apparently enjoys cutting wages and jobs as much as raising prices. In May, he axed 6,000 workers off the HP payroll and cut paychecks for the survivors from 5 to 15 percent.</p>
<p>Hurd did take a 20 percent salary cut himself for 2009. But “salary” in 2008 only accounted for $1.45 million of Hurd’s $26.04 million in cash compensation. He took in another $7.9 million in new stock awards &#8212; and cleared still another $10.1 million cashing out previously awarded stock options.</p>
<p>Hurd’s CEO stint at HP has so far seen about 40,000 employees lose their jobs.</p>
<p>2: Richard Scott</p>
<p>Mike Snow, a regional health care executive, earlier this month recalled that evening a dozen years ago when his then-boss, Columbia/HCA Healthcare Corp. CEO Richard Scott, revealed to Snow and the rest of the company’s top management that the FBI had just raided the firm’s El Paso office.</p>
<p>Scott defiantly declared the government had no case. Mike Snow and his fellow execs lustily applauded. Remembers Snow: &#8220;Like so many others that night, I drank the Kool-Aid.&#8221;</p>
<p>The federal government went on to indict key Columbia/HCA personnel for &#8220;bilking Medicare while simultaneously handing over kickbacks and perks to physicians who steered patients to its hospitals.&#8221; The company ended up pleading guilty to 14 felonies and paying $1.7 billion in criminal and civil fines.</p>
<p>The board of Columbia/HCA, then the nation’s biggest for-profit hospital chain, would go on to ease Scott out the door, but ever so gently. He left with a $10 severance package and stock worth $300 million.</p>
<p>This past spring, Richard Scott burst back into the news, pouring more Kool-Aid as the moving force behind the year’s first media blitz designed to demonize the Obama administration’s drive for health care reform.</p>
<p>If President Obama ever gets his way, Scott warned in one ad that his multimillion campaign ran, bureaucrats will &#8220;decide the treatments you receive, the drugs you take, even the doctors you see.&#8221;</p>
<p>Scott’s ads would set the “Tea Party” tone for the year’s health care debate &#8212; and help leave tens of millions of Americans without affordable health care, a state of affairs that has never bothered Scott, originally a corporate attorney specializing in buyout deals.</p>
<p>As Scott used to rail back in his CEO days: &#8220;Do we have an obligation to provide health care for everybody? Where do we draw the line? Is any fast-food restaurant obligated to feed everyone who shows up?&#8221;</p>
<p>1: Larry Ellison</p>
<p>Larry Ellison appeared on our &#8220;greediest&#8221; list last year. He may appear every year. No one may better personify, personally and professionally, the self-absorption, arrogance, and insensitivity that separates the merely greedy from the greediest.</p>
<p>In 2008, Ellison, the CEO of Oracle business software, contested the $166.3 million tax appraisal on his Northern California estate. The assessment appeals panel gave him a $3 million tax refund in a ruling that will cost the local school system an annual $250,000, the cost of hiring and supplying three teachers.</p>
<p>Ellison, the holder of a $27 billion fortune, spent a good bit of 2009 sparing no expense to build a yacht speedy enough to win next year’s America’s Cup, the world’s top sailing race. His new racing yacht has a $10-million mast &#8220;18-stories tall and sails large enough to cover a baseball infield.&#8221; Some 30 designers and scientists spent 130,000 hours putting the vessel together.</p>
<p>For more casual water fun, Ellison takes to the seas on his 453-foot mega yacht, the Rising Sun, a boat he co-owns with Hollywood mogul David Geffen. This five-story little ship boasts 82 rooms and a basketball court that doubles as a helicopter pad. The construction cost in 2004: $200 million.</p>
<p>On the business side, Ellison did his best in 2009 to top the $557 million he took home as Oracle’s CEO in 2008. His magic formula: Ellison’s a serial merger. He buys companies, takes their customers, and fires their workers. His top 2009 gobble-up: Silicon Valley’s Sun Microsystems.</p>
<p>The Sun merger, analysts believe, will almost certainly end up eliminating more jobs than the 5,000 positions lost when Oracle bought out rival PeopleSoft.</p>
<p>And did we mention the dividends? Oracle this past spring announced plans to pay out its first dividend. The announcement, CNBC estimated, meant a $57.5 million quarterly check for Ellison in May and another $230 million in dividend checks over the next 12 months.</p>
<p>In 2009, the old Silicon Valley joke still rang true: &#8220;What&#8217;s the difference between God and Larry Ellison? Answer: God doesn&#8217;t think he&#8217;s Larry Ellison.&#8221;</strong><br />
<a href="http://www.alternet.org/workplace/144718/10_greediest_people_of_2009"></p>
<p>http://www.alternet.org/workplace/144718/10_greediest_people_of_2009</a></p>
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<title><![CDATA[The Natural Gas Farce]]></title>
<link>http://gardenserf.wordpress.com/2009/12/22/natural-gas-farce/</link>
<pubDate>Tue, 22 Dec 2009 13:19:20 +0000</pubDate>
<dc:creator>gardenserf</dc:creator>
<guid>http://gardenserf.wordpress.com/2009/12/22/natural-gas-farce/</guid>
<description><![CDATA[In my earlier post &#8220;Crossroad Before the Coming Crisis&#8221; I railed on the supposed fact th]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p>In my earlier post &#8220;<a href="http://gardenserf.wordpress.com/2009/12/19/crossroad-crisis/">Crossroad Before the Coming Crisis</a>&#8221; I railed on the supposed fact that natural gas would be coming to the world&#8217;s rescue.  The supply of natural gas and other conventional energy sources has been something I&#8217;ve watched for a few years.  I became acutely aware of my own dependence on fossil fuels and energy during my deployment to Iraq.  Likewise, I was extremely concerned about the vulnerably of supply to attack and the potential for manipulation of prices.  By extension this same situation applies to the United States of America as a whole.</p>
<p>With all that in mind and the US government&#8217;s need to reassure consumers with propaganda that &#8220;everything will be fine&#8221;, the following MSM piece on the US domestic supply of natural gas simply puts out more happy sounding hot air.</p>
<p><a href="http://news.yahoo.com/s/ap/us_us_energy_shift">http://news.yahoo.com/s/ap/us_us_energy_shift</a></p>
<blockquote>
<p><strong>Gas could be the cavalry</strong> in global warming fight</p>
<p>An unlikely source of energy has emerged to meet international demands that the United States do more to fight global warming: It&#8217;s cleaner than coal, cheaper than oil and a 90-year supply is under our feet.</p>
<p>It&#8217;s natural gas, the same fossil fuel that was in such short supply a decade ago that it was deemed unreliable. It&#8217;s now being uncovered at such a rapid pace that its price is near a seven-year low. Long used to heat half the nation&#8217;s homes, it&#8217;s becoming the fuel of choice when building new power plants. <strong>Someday, it may win wider acceptance as a replacement for gasoline in our cars and trucks.</strong><br />
&#8230;.<br />
Today, about 27 percent of the nation&#8217;s carbon dioxide emissions come from <strong>coal-fired power plants, which generate 44 percent of the electricity used in the U.S. Just under 25 percent of power comes from burning natural gas,</strong> more than double its share a decade ago but still with room to grow.<br />
&#8230;.<br />
Gas now trades on futures markets for about $5.50 per 1,000 cubic feet. While that&#8217;s up from a recent low of $2.41 in September as the recession reduced demand and storage caverns filled to overflowing, it&#8217;s less than half what it was in the summer of 2008 when oil prices surged close to $150 a barrel.</p>
<p>Oil and gas prices trends have since diverged, due to the recession and the growing realization of just how much gas has been discovered in the last three years. That&#8217;s thanks to the introduction of horizontal drilling technology that has unlocked stunning amounts of gas in what were before off-limits shale formations. <strong>Estimates of total gas reserves have jumped 58 percent from 2004 to 2008, giving the U.S. a 90-year supply at the current usage rate of about 23 trillion cubic feet per year.</strong><br />
&#8230;.<br />
<strong>Tillerson says he sees demand for natural gas growing 50 percent by 2030, much of it for electricity generation and running factories. </strong>Decisions being made by executives at power companies lend credence to that forecast.<br />
&#8230;.<br />
<strong>Even with an expected jump in demand from utilities, gas prices won&#8217;t rise much beyond $6.50 per 1,000 cubic feet for years to come,</strong> says Ken Medlock, an energy fellow at the James A. Baker III Institute for Public Policy at Rice University in Houston. That tracks an Energy Department estimate made last week.<br />
&#8230;.<br />
<strong>The wells still capture only about a quarter of the gas locked in the shale formations. Future improvements could double that recovery rate.</strong> Bottom line: this new source of gas supply in Texas, Louisiana, Pennsylvania, North Dakota, New York and other states holds out the promise of as much as 2,000 trillion cubic feet of supplies. <strong>It is estimated that the U.S. sits on 83 percent more recoverable natural gas than was thought in 1990. </strong>
</p></blockquote>
<p>First off: Is that 90 year supply based on an estimate that such a supply will be available if it&#8217;s the difficult to recover gas and also if it&#8217;s used close to current rates with only a little growth projected?  Do those estimates really consider nationwide replacement of power plants, <a href="http://www.tgdaily.com/sustainability-features/41701-atat-converting-to-natural-gas-on-8000-fleet-vehicles">fleet transportation</a>, <a href="http://www.usatoday.com/money/autos/2007-05-08-natural-gas-usat_N.htm">consumer automobiles</a>, etc. by natural gas?  I doubt these estimates are as honest as the scenarios put out by the Canadians which I cited in my earlier post.</p>
<p>Second: were the think tankers and government wonks who came up with these new projections of squeezing more gas from the shale sponge educated in the same institutions which produced such cheerful estimates on real estate profits and sound banking practices prior to 2008?  When it comes to estimating profit potential or the supply of a critical resource needed for the the future, it seems people are encouraged to believe both will grow.  </p>
<p>Unfortunately in the meantime, articles such as these containing climactic titles and hedged numbers only encourage Americans to continue going along as they have been.  No useful information was put out to them which would encourage a reevaluation of their current course or the need to change.</p>
<p>If the housing and banking collapse didn&#8217;t concretely illustrate that for the American people already, then I&#8217;m sure many will buy into the &#8220;cavalry to the rescue&#8221; nature of the article rather than look at the horse-droppings already evident on the path.  This is how mental bubbles of illusion are created out of thin air.  It is later followed by that air being painfully let out of them.  In economics this can produce a collapse.  In psychology when we look at an alcoholic it is denial which precedes the predictable fall on their face.</p>
<p>Whether it&#8217;s societies or individuals, though, hitting rock bottom may be necessary before real personal growth can begin.</p>
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<title><![CDATA[Billionaires Castle.- Video ]]></title>
<link>http://ramanan50.wordpress.com/2009/12/22/billionaires-castle-video/</link>
<pubDate>Tue, 22 Dec 2009 03:01:00 +0000</pubDate>
<dc:creator>ramanan50</dc:creator>
<guid>http://ramanan50.wordpress.com/2009/12/22/billionaires-castle-video/</guid>
<description><![CDATA[http://video.forbes.com/fvn/rich-list-09/american-billionaire-castle?partner=popvideo]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p><a href="http://video.forbes.com/fvn/rich-list-09/american-billionaire-castle?partner=popvideo">http://video.forbes.com/fvn/rich-list-09/american-billionaire-castle?partner=popvideo</a></p>
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<title><![CDATA[Regulator decides on bank overdraft charges test case]]></title>
<link>http://ramanan50.wordpress.com/2009/12/22/regulator-decides-on-bank-overdraft-charges-test-case/</link>
<pubDate>Tue, 22 Dec 2009 02:16:14 +0000</pubDate>
<dc:creator>ramanan50</dc:creator>
<guid>http://ramanan50.wordpress.com/2009/12/22/regulator-decides-on-bank-overdraft-charges-test-case/</guid>
<description><![CDATA[It is time Govt. initiate action against Banks.For banks peccadilloes, please refer under banks in t]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p><strong><strong>It is time Govt. initiate action against Banks.For banks peccadilloes, please refer under banks in this site.</strong><br />
The Office of Fair Trading (OFT) will say later if it is going to continue its test case against banks over the fairness of their overdraft charges.<br />
It follows the banks&#8217; successful appeal on the issue to the Supreme Court.<br />
It ruled last month that the OFT could not use a part of the unfair consumer contract regulations to decide if bank charges are fair.<br />
At stake is the ability of banks to levy charges amounting to £2.6bn each year on their overdrawn customers.<br />
The announcement, the OFT&#8217;s first detailed response to the Supreme Court judgement, is expected at 0700 GMT.<br />
Martin Lewis, whose website Moneysavingexpert.com has played a leading role in the campaign against bank charges, urged the OFT to continue pursuing legal action.<br />
&#8220;We know the OFT thinks charges are unfair, because it provisionally said so,&#8221; said Mr Lewis.<br />
&#8220;If the OFT pulls out, it&#8217;ll be a terrible day for justice.<br />
&#8220;The banks&#8217; deep pockets, filled to a great extent with taxpayers&#8217; money, have priced out many consumers from fighting unjust charges,&#8221; he added.<br />
Supreme Court ruling<br />
The banks and the OFT first agreed to stage a legal test case in July 2007, to decide if the OFT had the powers to rule on the fairness of bank charges.</p>
<p> If the OFT is not going to act as the consumer champion, who is?<br />
Marc Gander, CAG<br />
A consumer campaign on the issue had led to hundreds of thousands of complaints which threatened to swamp the UK legal system.<br />
But after the High Court and Appeal Court sided with the OFT, the Supreme Court turned the tables.<br />
The five judges did not rule on the issue of fairness itself.<br />
They decided that the parts of the 1999 Unfair Terms in Consumer Contract Regulations (UTCCR) that the OFT was trying to invoke did not, in fact, give it the powers it thought it had.<br />
The judges said that overdraft charges were part of the price that customers agreed to pay for the package of services their banks provided, and as such were excluded from the scope of the regulations.<br />
What next?<br />
The OFT has a number of options. It can:<br />
• publish its investigation into the actual fairness of bank charges, which it has been conducting since March 2007<br />
• find other laws or regulations with which to attack bank charges<br />
• ask the Competition Commission to launch an enquiry into overdraft fees on the grounds that they reflect a lack of competition in the banking industry<br />
• throw in the towel and admit it does not have any power to challenge bank fees at all<br />
• ask the government to change the law to give it increased legal powers<br />
• encourage disgruntled consumers to use the proposed new laws in the Financial Services Bill which will give groups of customers the right to bring court actions against financial institutions<br />
• ask the FSA under its new fairness rules to investigate the way banks charge overdrawn customers.<br />
The government has already told the banking industry to devise a fairer way of charging overdrawn customers in the future.<br />
This may bring no encouragement to the more than one million people who feel they have been overcharged in the past and who have demanded refunds.<br />
Their previously frozen complaints are now either being considered by their banks, or where legal action was started, may soon be decided by county court judges.<br />
&#8220;We have here an industry whose business model is predicated on the failure of up to 30% of its clients to repay their overdrafts,&#8221; said Marc Gander of the Consumer Action Group (CAG).<br />
&#8220;If the OFT is not going to act as the consumer champion, who is?&#8221;</strong><br />
<a href="http://news.bbc.co.uk/2/hi/business/8424859.stm">http://news.bbc.co.uk/2/hi/business/8424859.stm</a></p>
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<title><![CDATA[Employee Engagement - Critical to Organizational Success]]></title>
<link>http://architectsofchange.wordpress.com/2009/12/21/employee-engagement-%e2%80%93-it%e2%80%99s-not-rocket-science/</link>
<pubDate>Mon, 21 Dec 2009 17:56:04 +0000</pubDate>
<dc:creator>rich mclafferty</dc:creator>
<guid>http://architectsofchange.wordpress.com/2009/12/21/employee-engagement-%e2%80%93-it%e2%80%99s-not-rocket-science/</guid>
<description><![CDATA[Your Employees Are Your Most Important Asset Numbers, metrics, sales, service, results, outcomes, pr]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p><strong>Your Employees </strong><span style="text-decoration:underline;"><strong><em>Are</em></strong></span><strong> Your Most Important Asset</strong></p>
<p>Numbers, metrics, sales, service, results, outcomes, profit, loss, success or failure is all due to something that employees create, and affect – “affect” being the operative word here.  An organization’s brand is built, or broken by the people who represent the organization.</p>
<p>I have been reading a lot about employee engagement lately, and I’m glad to see that people are talking about it, especially during these challenging times.  The articles that I have been reading basically all agree that billions of dollars are lost each year due to employees who are disengaged with their work, and their organization.</p>
<p>Some articles blame a lack of leadership (I would agree), and some blame a lack of direction (I would also agree).  There are those who have come up with a “metric” driven solution (there’s probably something of use there), and others point to a lack of communication within organizations that create an environment of “I don’t know what’s going on so I don’t care” employee (yep, I see that as a major issue as well).</p>
<p>Common sense would tell us that if employees are not engaged, bad things are going to happen.  Critical resources (time and creativity) will be wasted if you have employees who just go through the motions each day while at work, creating the impression of “work.”  Anyone can come into an office (for the most part) and make it look like they are working, but it takes a person who has that fire and drive in their gut to make a real difference in an organization.</p>
<p>Disengaged employees drive mediocrity.  Just getting by each day and staying under the radar is a conscious, and unconscious goal of these types of employees.  A culture of mediocrity is a natural outcome due to this type of behavior, and it spreads like a disease across an organization.</p>
<p>Employee engagement does not have to be complicated, or take up a lot of expensive resources.  Basically, educating employees about, and getting them involved with the business is a good start.   Check out my website (<a title="My website" href="http://www.archofchange.com" target="_blank">www.archofchange.com</a>) for some great ideas about how to build a more engaged workforce.</p>
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<title><![CDATA[The World's Billionaires 2009_Forbes.]]></title>
<link>http://ramanan50.wordpress.com/2009/12/21/the-worlds-billionaires-2009_forbes/</link>
<pubDate>Mon, 21 Dec 2009 16:19:18 +0000</pubDate>
<dc:creator>ramanan50</dc:creator>
<guid>http://ramanan50.wordpress.com/2009/12/21/the-worlds-billionaires-2009_forbes/</guid>
<description><![CDATA[It is a pleasure to see Indians at no.7 and 8. RANK NAME CITIZENSHIP AGE NET WORTH ($BIL) RESIDENCE ]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p><em>It is a pleasure to see  Indians at no.7 and 8.</em><br />
<strong><br />
<em>RANK	NAME	CITIZENSHIP	AGE	NET WORTH ($BIL)	RESIDENCE</em><br />
1	William Gates III	 United States	 53	 40.0	 United States<br />
2	Warren Buffett	 United States	 78	 37.0	 United States<br />
3	Carlos Slim Helu &#38; family	 Mexico	 69	 35.0	 Mexico<br />
4	Lawrence Ellison	 United States	 64	 22.5	 United States<br />
5	Ingvar Kamprad &#38; family	 Sweden	 83	 22.0	 Switzerland<br />
6	Karl Albrecht	 Germany	 89	 21.5	 Germany<br />
7	Mukesh Ambani	 India	 51	 19.5	 India<br />
8	Lakshmi Mittal	 India	 58	 19.3	 United Kingdom<br />
9	Theo Albrecht	 Germany	 87	 18.8	 Germany<br />
10	Amancio Ortega	 Spain	 73	 18.3	 Spain<br />
11	Jim Walton	 United States	 61	 17.8	 United States<br />
12	Alice Walton	 United States	 59	 17.6	 United States<br />
12	Christy Walton &#38; family	 United States	 54	 17.6	 United States<br />
12	S Robson Walton	 United States	 65	 17.6	 United States<br />
15	Bernard Arnault	 France	 60	 16.5	 France<br />
16	Li Ka-shing	 Hong Kong	 80	 16.2	 Hong Kong<br />
17	Michael Bloomberg	 United States	 67	 16.0	 United States<br />
18	Stefan Persson	 Sweden	 61	 14.5	 Sweden<br />
19	Charles Koch	 United States	 73	 14.0	 United States<br />
19	David Koch	 United States	 68	 14.0	 United States<br />
21	Liliane Bettencourt	 France	 86	 13.4	 France<br />
22	Prince Alwaleed Bin Talal Alsaud	 Saudi Arabia	 54	 13.3	 Saudi Arabia<br />
23	Michael Otto &#38; family	 Germany	 65	 13.2	 Germany<br />
24	David Thomson &#38; family	 Canada	 51	 13.0	 Canada<br />
25	Michael Dell	 United States	 44	 12.3	 United States</strong><br />
<a href="http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_The-Worlds-Billionaires_Rank.html">http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_The-Worlds-Billionaires_Rank.html<br />
</a></p>
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<title><![CDATA[Aging Right Wingers Revolt Against AARP]]></title>
<link>http://unsilentgeneration.com/2009/12/21/aging-right-wingers-revolt-against-aarp/</link>
<pubDate>Mon, 21 Dec 2009 09:50:53 +0000</pubDate>
<dc:creator>James Ridgeway</dc:creator>
<guid>http://unsilentgeneration.com/2009/12/21/aging-right-wingers-revolt-against-aarp/</guid>
<description><![CDATA[Today is the day that over-50 Tea Partiers across the country are supposed to burn their AARP cards ]]></description>
<content:encoded><![CDATA[<div class='snap_preview'><p>Today is the day that over-50 Tea Partiers across the country are supposed to burn their AARP cards to protest the group&#8217;s support for health care reform. At least, that&#8217;s what one right-wing blogger is encouraging them to do. As I mentioned in a post a few days ago, self-described &#8220;Tea Party Patriot&#8221; Sam Mela <a href="http://countyroots.com/theteawell/2009/12/15/aarp-card-burning/">announced</a> the &#8220;1st Tea Party Winter Fest for Health Care Freedom &#38; AARP Card Burning&#8221;:</p>
<blockquote><p>The Tea Party Movement is initiating a nation-wide AARP Card Burning, on the first day of winter, December 21, 2009. This is in response to AARP’s duplicitous stance in support of Congress’ attempted thievery of ample health care away from the American people. This response is being called for due to the fact that Congress has turned a deaf ear to the will of the American people, one of the most vulnerable groups of our society, our American Seniors&#8230;.</p></blockquote>
<blockquote><p>Don’t forget your lighters, AARP cards and any other AARP printed material/mailings; home made cards a/or signs…you could even dress up like Santa, or his elves, Scrooge, Tiny Tim, whatever your favorite Christmas character…don’t forget your cameras &#38; video recorders! If YOU don’t send this message NOW, the <strong>die</strong> will be cast!</p></blockquote>
<p>It seems unlikely that more than a few stragglers will turn out in Santa suits today to torch their membership cards (and a good thing, too, since as one of my readers pointed out, the cards are plastic). When a West Virginia Tea Party organizer called for a day of AARP card burnings earlier this month, the only reports were of a <a href="http://countyroots.com/blog/aarp-clobbers-tea-parties/">half-dozen protesters</a> huddled around a fire in the state capital.</p>
<p>That hasn&#8217;t stopped Republican politicians from picking up the battle cry. John McCain recently urged AARP members to trash their cards both in Arizona speeches and <a href="http://www.youtube.com/watch?v=G2D9ZO6qf9k">on the Senate floor</a>. (To his credit, he told them to cut the cards in half and send them back to AARP, rather than burn them.) </p>
<p>Though AARP has lost tens of thousands of members over the health care reform issue, that&#8217;s a tiny fraction of its 45 million total. President Obama and Democratic senators have been making much of AARP&#8217;s support for the reform legislation, leading Sam Mela, in a <a href="http://countyroots.com/blog/aarp-clobbers-tea-parties/">post yesterday</a>, to lament the fact that &#8220;in terms of Public Relations and Public Perception, the AARP has been able to steamroll over the Tea Party movement, without encountering even token resistance, although it would have been a simple matter for the Tea Partiers to neutralize them at any time.&#8221;</p>
<p>Yet the behemoth group itself seems worried about losing the PR war in what they say is the most divisive issue it has ever encountered. At a <a href="http://thehill.com/homenews/campaign/63063-aarp-healthcare-reform-is-most-divisive-issue-ever-">press briefing in October</a>, one AARP executive said that despite expending significant resources, it had been unable to unite its membership, while another declared, &#8220;We face a communications challenge.&#8221; A conservative  group, the American Seniors Association, is <a href="http://dissentingjustice.blogspot.com/2009/08/do-seniors-really-oppose-healthcare.html">exploiting the opportunity</a>, offering half-price memberships to anyone who mails in their cut up AARP card. And polls consistently show the strongest opposition to health care reform comes from the over-65 crowd. </p>
<p>Although, unlike most reporters covering the subject, I am a member of the age group in question, that doesn&#8217;t mean I get what this resistance is all about. Or rather, I understand there being resistance&#8211;but it&#8217;s for all the wrong reasons. I&#8217;ve been critical myself of AARP for their cozy, lucrative partnership with the health insurance industry. And I get testy when I hear about big cuts to Medicare, knowing that the &#8220;reform&#8221; will only increase the profits of insurance and drug companies. But the reform bill throws seniors a few crumbs, which is about all it does for anyone else. And it&#8217;s no threat at all compared with the Republican dreams of remaking Medicare on a privatized model, along the lines of Bush&#8217;s Part D prescription drug program. </p>
<p>Beyond these details, there&#8217;s the strange fact that all this resistance comes from right-wing old folks, who enjoy the only single-payer health care program this nation has ever known. As another reader of my previous post pointed out, &#8221;Courage would require that they burn their Medicare Cards and renounce that socialism rather than a meaningless protest against a non-governmental organization.&#8221;</p>
<p>Like the <a href="http://www.huffingtonpost.com/bob-cesca/get-your-goddamn-governme_b_252326.html">now-famous </a>town hall geezer who told his Congressman to &#8220;Keep your government hands off my Medicare,&#8221; there&#8217;s some pretty nutty self-contradiction in the comments I&#8217;ve seen on the AARP revolt. One response to Sam Mela&#8217;s card-burning blog post attacked the organziation for being both a left-wing front and a corporate stooge: &#8220;I never have trusted this socialist orgainization that makes it money off of insruance commissions on its members.&#8221;</p>
<p>There&#8217;s half a grain of truth in this analysis. But somehow, it&#8217;s the red menace part that always seem to stick, while the real enemies of decent, affordable health care get a free pass.  In the end, I guess, it all boils down precisely the way it usually does in America: While a divided citizenry haggles over crumbs, the private companies take the cake.</p>
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