Archive for August 19th, 2010

America’s Finest News Source, The Onion, reports on a new “environmental catastrophe”:

PORT FOURCHON, LA—In what may be the greatest environmental disaster in the nation’s history, the supertanker TI Oceania docked without incident at the Louisiana Offshore Oil Port Monday and successfully unloaded 3.1 million barrels of dangerous crude oil into the United States.

and later in the article:

Experts are saying the oil tanker safely reaching port could lead to dire ecological consequences on multiple levels, including rising temperatures, disappearing shorelines, the eradication of countless species, extreme weather events, complete economic collapse, droughts that surpass the Dust Bowl, disease, wildfires, widespread human starvation, and endless, bloody wars fought over increasingly scarce resources.

It is scary to think that a satirical article could be so incredibly accurate. As people such as Jon Stewart remind us almost every night, sometimes humor can be the best illuminator of the the truth.

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On Wednesday, we delivered our petition to the White House urging President Barack Obama to nominate Elizabeth Warren to lead the new Consumer Financial Protection Bureau.

Thank you to everyone who signed our Elizabeth Warren petition!

If anyone understands the urgency of appointing Elizabeth Warren to lead the new consumer bureau, it’s Craig Mehall – a Public Citizen lobbyist who fought on the front lines of Wall Street reform, going toe-to-toe with big bank lobbyists.

All of us at Public Citizen are grateful for and inspired by our activists.

Now we wait for President Obama’s response.

While millions of families are still struggling in this Great Recession, big banks are busy inventing new, deceptive ways to lift money from consumers’ wallets. It’s critical that the new Consumer Financial Protection Bureau get to work as soon as possible, with Elizabeth Warren in charge.

We’ll let you know what happens, and how to continue working for a fair, sustainable economy.

The federal government and BP would have us believe that most of the oil that spewed into the Gulf of Mexico has dissipated. The Deepwater Horizon Incident Joint Information Center (a collaboration between BP and the Obama administration) issued a recent report that says only 25 percent of the oil that poured into the Gulf remains. The other 75 percent?  Poof! Vanished.  As Wenonah Hauter, executive director of Food and Water Watch, points out in truthout, this is a pretty ridiculous assertion.

Researchers with Georgia Sea Grant and the University of Georgia released a report Wednesday that estimates that 80 percent of the oil is still in the Gulf. Hauter writes:

This independent analysis of the regulators’ claims raises some important questions about the Joint Information Center’s report. Is BP’s influence at play in presenting the findings in a more positive light? Was the report an attempt at crisis communications that simply backfired?

It’s  just another example of what happens when the government treats BP like a partner, rather than

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On Alternet, filmmaker Michael Moore figures if General Motors is posting profits, layoffs can’t be far off. But seriously, why isn’t GM and the rest of corporate America hiring? When will Main Street start seeing the windfall from the government bailout of Wall Street?

The government stepped in with trillions of dollars in cash and guarantees to keep Corporate America from collapsing due to its own stupidity, short-sightedness and greed. And it worked—for Corporate America. You may not have noticed as you were being foreclosed on, but the profitability of the Fortune 500 is almost back to normal

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