PR Watch.org
Banking on a Lighter Note
The accolades for Elizabeth Warren keep rolling in on the BanksterUSA.org petition. If you have not had a chance to sign it or leave a comment, click here. While you are at it, check out the amusing video produced by the Main Street Brigade to promote her candidacy for the head of the Consumer Financial Protection Bureau.
The Washington Post reports that Warren has been spotted meeting with bankers. No, I don't believe she has gone to the dark side, however I do believe that this indicates the administration is serious about her nomination and has asked her to build some bridges.
Wouldn't you like to be a fly on the wall when she meets with Goldman Sachs CEO Lloyd Blankfein: "so Lloyd, are you still selling securities that are designed to fail?" Or with Wells Fargo CEO John Stumpf: "have you stopped juggling customer late fees to maximize the pain for consumers?" These are just some of the big bank tricks featured in our last column.
American Politics is Getting All Koch'ed Up
Charles (left) and David KochThe grassroots pressure group Americans for Prosperity (AFP), that actively fought health care reform, boasts "our citizen activists" are "the heart and soul" of the organization. So AFP wants the public and the media to believe. But an exhaustive report in the August 30, 2010 issue of The New Yorker magazine, shows that the heart and soul behind AFP are really the oil billionaire brothers David and Charles Koch of Koch Industries, whose privately-owned oil enterprise has made them among the richest men in America. In addition to petroleum interests, the Kochs also own a host of familiar products like Brawny paper towels, Dixie cups, Georgia-Pacific lumber, Stainmaster carpet and Lycra. Their massive combined wealth makes them the third richest people in the country, behind only Bill Gates and Warren Buffett, who are better known to the public. The Kochs have intentionally obscured their involvement on the American political scene through the creation of an elaborate network of front groups, think tanks, foundations and astroturf organizations, but the public is quickly getting to know the Koch brothers better. Given their extreme wealth and pervasive efforts to manipulate the American public, it is a name everyone should get to know very, very well.
Will Perpetrators of Financial Crimes Ever Face Justice?
Some will rob you with a six gun and some with a fountain pen – Woodie Guthrie
Like mushrooms popping up in a damp basement, a slew of court settlements have been registered recently involving the big banks and their role in the financial crisis. An informal review of settlements over the last two years reveals about 16 multi-million dollar payouts from the big banks amounting to some $1.6 billion in fines and restitution and $13 billion in buybacks of auction-rate securities that were represented to be as safe as cash.
Sounds impressive, doesn’t it? But when fines are stacked up against an elite white-collar crime spree worth trillions, it is a little less impressive.
Bill O'Reilly and the Fox-Comcast Crushing Machine
On May 10, 2008, the National Academy of Television Arts and Sciences' Boston/New England chapter conferred its prestigious "Governor's Award" upon Bill O'Reilly, host of the Fox News Channel opinion program "The O'Reilly Factor." Some felt the choice of O'Reilly was improper given his reputation for inflammatory rhetoric and bullying of people who disagree with him. One person who took exception to the award was Barry Nolan, host of another cable show produced by Comcast called "Backstage with Barry Nolan." One month before the awards ceremony, Nolan emailed the Academy's governing board and asked them to reconsider giving the award to O'Reilly. Nolan also made public his opposition to the award. He wrote to the Boston Herald to say he was appalled at the Academy's choice. Nolan said O'Reilly was "a mental case" who "inflates and constantly mangles the truth." Nolan sought and received some support for his protest from within the higher echelons of Comcast, but in the end, the academy's vote stood. Determined to take a discreet but public stand, Noland attended the award ceremony, bringing 100 six-page fliers he had made up listing some of O'Reilly's more outrageous quotes.
USA Today Drinks the Tea
The front page of USA Today August 13 was consumed with an extensive article titled "Faces of the Tea Party: Tea Party members offer ground-level view," which featured anecdotal interviews with ordinary people who agree with the movement. But the article offered no information putting the Tea Party movement in the context of the larger political picture in the U.S. For example, it points out that Tea Party candidates were victorious in primary elections in Colorado, Kentucky, Nevada and Utah, and, while it questions the ability of the candidates to win in the general election in November, it fails to mention that these candidates' victories boost the possibilities that Democrats will prevail in these states. Another significant omission is that article also fails to mention how remarkably far out of the mainstream the many Tea Party candidates' views are. Nevada's victorious Tea Party Senate candidate, Sharron Angle, seeks to dismantle Medicare and Social Security and hand their functions to the private sector. Kentucky's Tea Party Senate candidate, Rand Paul, belongs to a group of physicians who deny the link between HIV and AIDS and argue that Barack Obama controls his audiences through a covert form of hypnosis. Colorado's victorious gubernatorial Tea Party candidate, Dan Maes, told a crowd of supporters that Denver's new bicycle sharing program is really part of a hidden United Nations plot to "rein in American cities," put the environment above citizens' rights, and curtail personal freedoms.
San Francisco's Free "Organic Biosolids Compost" is Toxic Sludge, and Not Good For You!
Independent testing commissioned by the Food Rights Network found toxic contaminants in San Francisco's sewage sludge "compost." In the sludge product given away free to gardeners from 2007 to March 4, 2010, are contaminants with endocrine-disruptive properties including PBDE flame retardants, nonylphenol detergent breakdown products, and the antibacterial agent triclosan. The independent tests were conducted for the Food Rights Network by Dr. Robert C. Hale of the Virginia Institute of Marine Sciences.
Watch a CBS 5 KPIX August 10, 2010 report providing a startling story of how San Francisco is violating its own precautionary principle law by dumping toxic sludge on city gardens.
Eat, Prey, Spend
The movie "Eat, Pray, Love" is the story of a woman who travels the world in search of personal fulfillment, enlightenment and love. Despite the noticeably non-materialistic theme, though, Sony Pictures and Home Shopping Network (HSN) inked a deal to use the movie as a vehicle to hype an amazing amount of female-targeted merchandise. In the run-up to the film's August 13 release, HSN staged a three-day shopping event that showcased over 400 "Eat, Pray, Love" movie-related products including kitchenware, teas, jewelry, clothing, spices, shower gel, bed sheets, furnishings and cookware. Moviegoers are invited buy Eat, Pray, Love "I deserve Something Beautiful" T-shirts for a whopping $39.90 apiece, or an "Eat, Pray, Love" Sony Pocket Edition E-Reader with case for $229.95 (in three easy payments), a gelato maker, Sony laptop computers in movie-themed colors, gourmet candies, flat-panel TVs and much more.
President Obama, Give Liz a Job
-- Judith Safley
With news reports that Government Sachs is trying to prevent Harvard Law Professor Elizabeth Warren from being nominated by President Obama to head to the newly created Consumer Financial Protection Bureau, there is one crowd she clearly has in her camp, the American people.
The Dirtiest Sport
The recession affected every sector and industry of the economy. Amongst those hardest hit was the sport that some feel rivals baseball as America's pastime: NASCAR. With less spending money in the average American's pocket, all professional sports leagues suffered -- but NASCAR, which experienced tremendous growth in the early 2000s, saw reduced attendance at every race this past year. Earlier this week, the New York Times reported that NASCAR added new elements to its races to lure fans into spending huge sums of money once again.
Beware This "Constitutional Convention"
An organization called the "Save America Foundation" is putting on conferences around the country that it promotes to host communities as "Constitutional Conventions." John Michael Chambers, the Save America Foundation's founder and spokesman, is telling local press that these events are intended to "stress the Constitution, not current politics," but Chambers is stingy on the details. He doesn't say exactly how these gatherings will "stress the Constitution," or describe specific goals the gatherings hope to achieve.
Investigation reveals that these so-called "Constitutional Conventions" are part of a wave of hysterical fear and scapegoating currently sweeping the country, and that the “Save America Foundation” has overtones of an apocalyptic cult that relies on fear to motivate susceptible audiences. John Michael Chambers, the Clearwater, Florida radio talk show host and financial planner who founded the group, believes the United States is being overtaken by a “New World Order” perpetrated by “elitists.”
Progressives Up In Arms Over Brand Obama's Insult
A year and a half after his November 4, 2008 election, the progressive left is, rightfully, up in arms over the lack of integrity President Barack Obama has shown across the gamut of burning contemporary political issues. These include, but are not limited to issues such as war, health care, secrecy, warrantless wiretapping, and environmental issues, among many others.
A healthy and flourishing representative democracy depends on an engaged citizenry standing up and demanding that their representatives represent them. President Obama said so himself at this year's Netroots Nation conference in Las Vegas in his desperate plea to show progressive activists that he is, indeed "one of them." It does not take a political guru to understand that this was a desperate attempt to garner support from progressive Democrats for the 2010 elections, who, according to soundbites his Administration pulled together from The Rachel Maddow Show and included in the video address to the attendees at Netroots Nation, have fought so hard for that magical buzzword he used so loosely in 2008: change!
T-Boone Pickens and the Truth about All that Drilling
T. Boone PickensThe home page of T. Boone Pickens' "Pickens Plan" is emblematic of the oil industry's aggressive push to drill for natural gas in the Marcellus Shale basin. The page greets visitors with the blaring headline, "WE MUST BREAK AMERICA’S ADDICTION TO FOREIGN OIL. The Pickens Plan will do it, but we need your help."
In the age of the perpetual War on terrorism, politicians, pundits and other U.S. demagogues have successfully used fear as a bargaining chip. Fear-mongering is a method of Orwellian thought control. In this example, Pickens equates foreign oil with evil, similar to the Bush Administration's Orewellian logic regarding American's position in the world: "You're either with us, or you're with the enemy." Bush put forth a false paradigm of absolute good versus absolute evil. The Bush Administration used fear as a political tool after 9/11 to march the country into war, and convince citizens that we need to permit domestic spying to keep us safe domestically. (Think Patriot Act). Fear also led to the heinous crimes committed at Guantanamo Bay and Abu Ghraib Detention Centers.
The Struggle Behind the Scenes Over Health Care Reform
CMD's Senior Fellow on Health Care, Wendell Potter, spoke at the Armand Hammer Museum in Los Angeles about the ongoing struggle over the implementation of the new health care legislation. Coverage of the new law has been minimal lately, pushed off the front pages by the oil disaster in the Gulf of Mexico, but a lot has been going on behind the scenes. Even though Congress passed, and the president signed the new healthcare legislation, we still don't know how it's going to be implemented, because the legislation only lays out Congressional intent. Numerous regulations must now be written to govern the business of healthcare in America. Parts of the new law could still be invalidated by the courts, or repealed by future members of Congress. So what is going on behind the scenes, anyway? Big insurers are quietly working very hard to preserve the status quo, just as the big banks are doing with financial reform.
Everything's Okay in the Gulf -- Or Is It?
Water mixed with Corexit (bottom) and no Corexit (top)Suddenly BP's oil disaster is getting an unusually high amount of positive publicity. Media reports are concluding that most of the oil has disappeared. The static kill has been successful at holding back the oil pressure, and the U.S. government issued a scientific report suggesting that 75 percent of the 4.9 million barrels of oil that gushed into the Gulf as been burned, dispersed or evaporated. But even if you assume that all of the dispersed oil has been degraded, there are still an estimated 1.3 million barrels out in the environment -- five times the amount of oil released during the Exxon Valdez spill in 1989. People observing beaches in southern coastal states of Mississippi, Alabama, Louisiana and Florida say they are still covered with oil and Corexit 9500, the chemical dispersant BP sprayed to break up the oil and remove it from view. Vast areas of ocean that used to be abundant with sea life show little signs of life anywhere. Plastic bags full of dead sea birds and oil are filling landfills in the south. If millions of gallons of oil have evaporated, what are the consequences for the air quality in the Gulf? Residents have reported that in areas normally besieged by mosquitos, there is now little need for repellant. Despite the rosy reports suddenly filling the airways, damage still appears to be ongoing. There is still plenty of oil in the Gulf that cannot, and will not, be cleaned up, and that will continue to wreak damage on the environment and the economies of Gulf states.
An Undeserved Award
Earlier this week, Michigan's Department of Natural Resources and Environment (DNRE) awarded Dow Corning its "Neighborhood Environmental Partners Program Award." The award was created "to recognize facilities and their community partners who have worked together on environmental and natural resource projects to improve the local environment in their communities." Dow Corning, based in Midland, Michigan, was given this award for creating a recycling program at its facility that employs mentally handicapped individuals. While this effort is admirable, Dow Corning's environmental record is far from praiseworthy.
Reading Between the Lies
Iraq's Ministry of Interior recently released a civilian casualty count for the month of July. Their report accounted for the lost lives of 535 Iraqis, making this past month the most violent since June 2008. This escalation in violence can be attributed in part to a situation which Jeremy Scahill, writer of the ground breaking novel, Blackwater: The Rise of the World's Most Powerful Mercenary Army and correspondent for Democracy Now! explains as an unstable country. Iraq is as "unstable as it has ever been," Scahill says. "They [Iraqis] can't form a government. The vast majority of people don't have consistent access to potable water, to electricity, to gasoline... Iraq is a disaster right now."
This is what seven years of war has led up to -- a living situation so poor that Scahill felt compelled to mention that many Iraqis are saying, "It was a better under Saddam Hussein."
Gavin Newsom Hopes to Leave His Sludge in San Francisco
Last month, I wrote Chez Sludge, the first inside report on the sewage sludge scandal unfolding in San Francisco, based on internal documents obtained by the Food Rights Network and now online in the Toxic Sludge wiki on SourceWatch.
San Francisco, under its "green mayor" Gavin Newsom, has since 2007 perpetrated a greenwashing scam upon city gardeners. The city, known for its environmentally sound practices and commitment to a precautionary principle approach to dealing with environmental hazards, has deceptively and fraudulently been giving away free "organic Biosolids compost," that is actually nothing but toxic sewage sludge from San Francisco and eight other counties, "composted" by the giant waste handler Synagro.
Tom Ridge Joins the Marcellus Shale Coalition's Natural Gas Gold Rush
Former Department of Homeland Security Secretary Tom Ridge has, for the most part, been out of the spotlight for the past year since he wrote his book titled The Test of Our Times: America Under Siege...And How We Can Be Safe Again, which came out in September of 2009. In that book, Ridge confessed that, although unsurprising to anyone who understood the rampant fear-mongering and propaganda that took place in the post-9/11 Bush era, he was pressured by others in the Bush Administration to purposely manipulate the infamous color-coded National Security Alerts for political reasons, and in particular, during the run-up to former President George W. Bush's re-election in 2004.
Bankster Scorecard
I asked subscribers to the Bankster list to rate the bank reform bill that just passed Congress. I appreciate the fact that some folks took the time to rank the three parts of the bill, which include: 1) the Consumer Financial Protection Bureau; 2) the derivatives chapter, and; 3) our favorite "too big to fail" section.
Those that took the time to rate all three sections of the bill averaged a "B" for consumer protection, "C" for derivatives, "F" for too big to fail. However, most Bankster subscribers gave the whole bill an "F." There was general agreement that the bill would not prevent the next crisis because it did not do enough about the financial institutions whose size, power and influence pose a threat to our economy. Bankster subscribers have always cared the most about the "too big to fail" issues and supported the reinstatement of Glass-Steagall, hard size caps on the big banks and other measures to break up the banks.
Chez Sludge: How the Sewage Sludge Industry Bedded Alice Waters
Alice WatersThe celebrity chef Alice Waters is probably the world's most famous advocate of growing and eating local, Organic food. In February 2010 her Chez Panisse Foundation chose as its new Executive Director the wealthy "green socialite" and liberal political activist Francesca Vietor. Vietor's hiring created a serious conflict of interest that has married Waters and her Foundation to the San Francisco Public Utilities Commission (SFPUC) and its scam of disposing of toxic sewage sludge waste as free "organic Biosolids compost" for gardens.
For the first time, thanks to an ongoing "open records" investigation by the Food Rights Network, the public and the press have easy online access to dozens of internal SFPUC files (SFPUC Sludge Controversy Timeline), documenting the strange tale of Chez Sludge, or how the sewage industry bedded Alice Waters.

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