Tuesday, September 21, 2010

Making Money Secrets











The oil lobby has spent tens of millions lobbying Congress.Let's review. We just lived through the worst accidental oil leak in history. And we're at the tail end of a summer of cataclysmic weather that top climate scientists tell us is a taste of the globally-warmed future. Yet the United States Senate failed even to pass a climate bill so tepid that it qualified as what a Republican (South Carolina Sen. Lindsey Graham) once would have described as "half-assed."


How does this happen? The Center for Responsive Politics offers a whopper of a clue. It reports that during the first six months of this year alone, Big Oil spent $75 million lobbying Congress. The report also points out that last year, when green groups retaliated and spent a record $22.4 million on their own lobbying, they still were outspent 7 to 1 by fossil fuel lobbies. The Center's Open Secrets Blog has all the dirty details as part of a weeklong series on how Big Oil fuels Washington.


Target practice: For BP, the Gulf oil leak has been the gift that keeps on giving -- and not in a good way. At yesterday's hearing in Houston on the Deepwater Horizon explosion, federal investigators nailed the oil giant for not addressing hundreds of maintenance problems on the rig. BP's erstwhile partners pointed one finger after another at their beleaguered colleague. Even Brad Pitt unloaded on BP, saying:  



I was never for the death penalty before; I am willing to look at it again.



Dirty business: If you think clean coal is an oxymoron you've got plenty of company. Turns out a lot of utility companies don't buy the concept either. According to AP reporter Matthew Brown, 30 old-fashioned dirty coal plants have been built since 2008, or are under construction:



The expansion, the industry's largest in two decades, represents an acknowledgment that highly touted "clean coal" technology is still a long way from becoming a reality and underscores a renewed confidence among utilities that proposals to regulate carbon emissions will fail.



Waiting to inhale: And while we're on the subject of the air we'd rather not breathe, the EPA is postponing the announcement of tougher smog regulations at least until late October. More likely the agency will stay mum on smog until after the November elections, because any announcement would provide ammo for Republicans who have been accusing the federal government of running amok. Even November would be way too soon for some on Capitol Hill. Why rush asked a group of seven senators in a written complaint to EPA chief Lisa Jackson earlier this month? New smog regulations can wait until 2013. 


We take it all back: Feels like you could use a little positive spin right about now, so how's this? Bob Marshall, in the New Orleans Times Picayune, reports that some enviros think the BP gusher in the Gulf may actually save more Louisiana wetlands than it destroyed:



... three months of daily newscasts have dramatically increased national awareness of the state's real coastal disaster, and the billions in fines BP is expected to pay could bankroll critical projects Congress had refused to fund.



Whine and punishment:  And here's another little pick-you-up. During a visit to a remote research base in the Russian Arctic, Russia's prime minister, Vladimir Putin, suggested that too much has been made of man's role in global warming, pointing out that climate change helped kill off woolly mammoths long before the age of human industrialization. German scientist Inken Preuss set him straight:



Climate change has never happened like now and man is making a huge impact.



He got told. 
















The economic troubles in Europe are leading to public unrest, as EU governments try to pare back their bloated public sectors, in some cases trimming wages and benefits, in others by delaying access to them. In France, plans to save the national pension system by raising the retirement age from 60 (!) to just 62 has lead to a massive strike of over one million people:


French strikers disrupted trains and planes, hospitals and mail delivery Tuesday amid massive street protests over plans to raise the retirement age. Across the English Channel, London subway workers unhappy with staff cuts walked off the job.


The protests look like the prelude to a season of strikes in Europe, from Spain to the Czech Republic, as heavily indebted governments cut costs and chip away at some cherished but costly benefits that underpin the European good life — a scaling-back process that has gained urgency with Greece’s euro110 billion ($140 billion) bailout.


In France, where people poured into the streets in 220 cities, setting off flares and beating drums, a banner in the southern port city of Marseille called for Europe-wide solidarity: “Let’s Refuse Austerity Plans!” The Interior Ministry said more than 1.1 million people demonstrated throughout France, while the CFDT union put the number at 2.5 million.


(…)


French protesters are angry about the government’s plan to do away with the near-sacred promise of retirement at 60, forcing people to work until 62 because they are living longer. The goal is to bring the money-draining pension system back into the black by 2018.


As debate on the subject opened in parliament, Labor Minister Eric Woerth said the plan was one “of courage and reason” and that it is the “duty of the state” to save the pension system. He has said the government won’t back down, no matter how big the protests.


Prime Minister Francois Fillon reminded the French that it could be worse: In nearly all European countries, the current debate is over raising the retirement age to 67 or 68, he said. Germany has decided to bump the retirement age from 65 to 67, for example, and the U.S. Social Security system is gradually raising the retirement age to 67.


That sense of perspective was missing from many of the French protests, where some slogans bordered on the hysterical. One sign in Paris showed a raised middle finger with the message: “Greetings from people who will die on the job.”


Nothing like Gallic hysterics, eh?


Of course, we shouldn’t be surprised at this: statist societies like France and much of the EU use ever-expanding government-provided benefits as bribes to buy social peace, making dependents out their citizens and, in effect, infantilizing them. It’s no wonder, then, that the public then throws a tantrum when the state is forced to cut back.


But before anyone indulges in some schadenfreude at French expense, bear in mind that President Obama and his progressive allies want to take us down this same statist, dependent, and infantilized social-democratic road. (And, to a lesser extent, big-government Republicans have been willing to accommodate them.) We’re already seeing that with the growth of public sector unions in the US and their outlandish benefits*.


While Europe seems to be in for a season of unrest, the problem isn’t yet so bad in the US and, importantly, many people agree that it is a problem in the first place. Hopefully we can make the necessary reforms before we have our own mass tantrums.


*(For the record, I’m a member of a quasi-public union, and apparently it’s one of the dumber ones; we’ve never received the over-the-top wages and benefits the other unions do. I tell ya, it ain’t fair…)


(Crossposted at Public Secrets)




Newsy: The Story Behind its Innovative <b>News</b> App

Today we're starting a new interview series on ReadWriteWeb, focused on product innovation on the Web. I'll be interviewing a number of startup founders over the coming weeks, ...

Today in automotive <b>news</b> - Beyond The Commons - Macleans.ca

14832311 Responseshttp%3A%2F%2Fwww2.macleans.ca%2F2010%2F09%2F20%2Ftoday-in-automotive-news%2FToday+in+automotive+news2010-09-20+15%3A11%3A07Aaron+Wherryhttp%3A%2F%2Fwww2.macleans.ca%2F%3Fp%3D148323 to “Today in automotive news” ...

More Fallout Online art dribbles out MMO <b>News</b> - Page 1 | Eurogamer.net

Read our MMO news of More Fallout Online art dribbles out.


robert shumake

Newsy: The Story Behind its Innovative <b>News</b> App

Today we're starting a new interview series on ReadWriteWeb, focused on product innovation on the Web. I'll be interviewing a number of startup founders over the coming weeks, ...

Today in automotive <b>news</b> - Beyond The Commons - Macleans.ca

14832311 Responseshttp%3A%2F%2Fwww2.macleans.ca%2F2010%2F09%2F20%2Ftoday-in-automotive-news%2FToday+in+automotive+news2010-09-20+15%3A11%3A07Aaron+Wherryhttp%3A%2F%2Fwww2.macleans.ca%2F%3Fp%3D148323 to “Today in automotive news” ...

More Fallout Online art dribbles out MMO <b>News</b> - Page 1 | Eurogamer.net

Read our MMO news of More Fallout Online art dribbles out.












The oil lobby has spent tens of millions lobbying Congress.Let's review. We just lived through the worst accidental oil leak in history. And we're at the tail end of a summer of cataclysmic weather that top climate scientists tell us is a taste of the globally-warmed future. Yet the United States Senate failed even to pass a climate bill so tepid that it qualified as what a Republican (South Carolina Sen. Lindsey Graham) once would have described as "half-assed."


How does this happen? The Center for Responsive Politics offers a whopper of a clue. It reports that during the first six months of this year alone, Big Oil spent $75 million lobbying Congress. The report also points out that last year, when green groups retaliated and spent a record $22.4 million on their own lobbying, they still were outspent 7 to 1 by fossil fuel lobbies. The Center's Open Secrets Blog has all the dirty details as part of a weeklong series on how Big Oil fuels Washington.


Target practice: For BP, the Gulf oil leak has been the gift that keeps on giving -- and not in a good way. At yesterday's hearing in Houston on the Deepwater Horizon explosion, federal investigators nailed the oil giant for not addressing hundreds of maintenance problems on the rig. BP's erstwhile partners pointed one finger after another at their beleaguered colleague. Even Brad Pitt unloaded on BP, saying:  



I was never for the death penalty before; I am willing to look at it again.



Dirty business: If you think clean coal is an oxymoron you've got plenty of company. Turns out a lot of utility companies don't buy the concept either. According to AP reporter Matthew Brown, 30 old-fashioned dirty coal plants have been built since 2008, or are under construction:



The expansion, the industry's largest in two decades, represents an acknowledgment that highly touted "clean coal" technology is still a long way from becoming a reality and underscores a renewed confidence among utilities that proposals to regulate carbon emissions will fail.



Waiting to inhale: And while we're on the subject of the air we'd rather not breathe, the EPA is postponing the announcement of tougher smog regulations at least until late October. More likely the agency will stay mum on smog until after the November elections, because any announcement would provide ammo for Republicans who have been accusing the federal government of running amok. Even November would be way too soon for some on Capitol Hill. Why rush asked a group of seven senators in a written complaint to EPA chief Lisa Jackson earlier this month? New smog regulations can wait until 2013. 


We take it all back: Feels like you could use a little positive spin right about now, so how's this? Bob Marshall, in the New Orleans Times Picayune, reports that some enviros think the BP gusher in the Gulf may actually save more Louisiana wetlands than it destroyed:



... three months of daily newscasts have dramatically increased national awareness of the state's real coastal disaster, and the billions in fines BP is expected to pay could bankroll critical projects Congress had refused to fund.



Whine and punishment:  And here's another little pick-you-up. During a visit to a remote research base in the Russian Arctic, Russia's prime minister, Vladimir Putin, suggested that too much has been made of man's role in global warming, pointing out that climate change helped kill off woolly mammoths long before the age of human industrialization. German scientist Inken Preuss set him straight:



Climate change has never happened like now and man is making a huge impact.



He got told. 
















The economic troubles in Europe are leading to public unrest, as EU governments try to pare back their bloated public sectors, in some cases trimming wages and benefits, in others by delaying access to them. In France, plans to save the national pension system by raising the retirement age from 60 (!) to just 62 has lead to a massive strike of over one million people:


French strikers disrupted trains and planes, hospitals and mail delivery Tuesday amid massive street protests over plans to raise the retirement age. Across the English Channel, London subway workers unhappy with staff cuts walked off the job.


The protests look like the prelude to a season of strikes in Europe, from Spain to the Czech Republic, as heavily indebted governments cut costs and chip away at some cherished but costly benefits that underpin the European good life — a scaling-back process that has gained urgency with Greece’s euro110 billion ($140 billion) bailout.


In France, where people poured into the streets in 220 cities, setting off flares and beating drums, a banner in the southern port city of Marseille called for Europe-wide solidarity: “Let’s Refuse Austerity Plans!” The Interior Ministry said more than 1.1 million people demonstrated throughout France, while the CFDT union put the number at 2.5 million.


(…)


French protesters are angry about the government’s plan to do away with the near-sacred promise of retirement at 60, forcing people to work until 62 because they are living longer. The goal is to bring the money-draining pension system back into the black by 2018.


As debate on the subject opened in parliament, Labor Minister Eric Woerth said the plan was one “of courage and reason” and that it is the “duty of the state” to save the pension system. He has said the government won’t back down, no matter how big the protests.


Prime Minister Francois Fillon reminded the French that it could be worse: In nearly all European countries, the current debate is over raising the retirement age to 67 or 68, he said. Germany has decided to bump the retirement age from 65 to 67, for example, and the U.S. Social Security system is gradually raising the retirement age to 67.


That sense of perspective was missing from many of the French protests, where some slogans bordered on the hysterical. One sign in Paris showed a raised middle finger with the message: “Greetings from people who will die on the job.”


Nothing like Gallic hysterics, eh?


Of course, we shouldn’t be surprised at this: statist societies like France and much of the EU use ever-expanding government-provided benefits as bribes to buy social peace, making dependents out their citizens and, in effect, infantilizing them. It’s no wonder, then, that the public then throws a tantrum when the state is forced to cut back.


But before anyone indulges in some schadenfreude at French expense, bear in mind that President Obama and his progressive allies want to take us down this same statist, dependent, and infantilized social-democratic road. (And, to a lesser extent, big-government Republicans have been willing to accommodate them.) We’re already seeing that with the growth of public sector unions in the US and their outlandish benefits*.


While Europe seems to be in for a season of unrest, the problem isn’t yet so bad in the US and, importantly, many people agree that it is a problem in the first place. Hopefully we can make the necessary reforms before we have our own mass tantrums.


*(For the record, I’m a member of a quasi-public union, and apparently it’s one of the dumber ones; we’ve never received the over-the-top wages and benefits the other unions do. I tell ya, it ain’t fair…)


(Crossposted at Public Secrets)





DOTCOMSECRETS by Alex Mahan


robert shumake

Newsy: The Story Behind its Innovative <b>News</b> App

Today we're starting a new interview series on ReadWriteWeb, focused on product innovation on the Web. I'll be interviewing a number of startup founders over the coming weeks, ...

Today in automotive <b>news</b> - Beyond The Commons - Macleans.ca

14832311 Responseshttp%3A%2F%2Fwww2.macleans.ca%2F2010%2F09%2F20%2Ftoday-in-automotive-news%2FToday+in+automotive+news2010-09-20+15%3A11%3A07Aaron+Wherryhttp%3A%2F%2Fwww2.macleans.ca%2F%3Fp%3D148323 to “Today in automotive news” ...

More Fallout Online art dribbles out MMO <b>News</b> - Page 1 | Eurogamer.net

Read our MMO news of More Fallout Online art dribbles out.


robert shumake

Newsy: The Story Behind its Innovative <b>News</b> App

Today we're starting a new interview series on ReadWriteWeb, focused on product innovation on the Web. I'll be interviewing a number of startup founders over the coming weeks, ...

Today in automotive <b>news</b> - Beyond The Commons - Macleans.ca

14832311 Responseshttp%3A%2F%2Fwww2.macleans.ca%2F2010%2F09%2F20%2Ftoday-in-automotive-news%2FToday+in+automotive+news2010-09-20+15%3A11%3A07Aaron+Wherryhttp%3A%2F%2Fwww2.macleans.ca%2F%3Fp%3D148323 to “Today in automotive news” ...

More Fallout Online art dribbles out MMO <b>News</b> - Page 1 | Eurogamer.net

Read our MMO news of More Fallout Online art dribbles out.

















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