Majority of Fortune 500 Using Offshore Tax Schemes to Hide $90 Billion

By: Friday June 6, 2014 2:16 pm

According to a new report from Citizens for Tax Justice and the U.S. Public Interest Research Group, the majority of America’s Fortune 500 companies are cheating the tax man to the amount of approximately $90 billion by using offshore tax havens. That cheating leaves the rest of US taxpayers on the hook to make up the difference.

 

Fukushima Two Years Later: Many Questions, One Clear Answer

By: Monday April 8, 2013 2:05 pm

You can’t say you have all the answers if you haven’t asked all the questions. So, at a conference on the medical and ecological consequences of the Fukushima nuclear disaster, held to commemorate the second anniversary of the earthquake and tsunami that struck northern Japan, there were lots of questions. Questions about what actually happened at Fukushima Daiichi in the first days after the quake, and how that differed from the official report; questions about what radionuclides were in the fallout and runoff, at what concentrations, and how far they have spread; and questions about what near- and long-term effects this disaster will have on people and the planet, and how we will measure and recognize those effects.

Locking in Dirty Energy Demand: GE Signs Deal With Clean Energy Fuels for Gas-Powered Vehicles

By: Wednesday November 21, 2012 6:50 pm

Clean Energy Fuels (CEF) signed a deal with General Electric (GE) to purchase its natural gas vehicle fueling assets in an effort to expand what it describes as “America’s Natural Gas Highway.”

CEF is owned on a 20.8 percent basis by T. Boone Pickens, energy magnate and owner of the hedge fund, BP Capital. Andrew Littlefair, President and CEO of CEF, described the deal as one of the “most significant milestones in Clean Energy’s history.”

Former Clinton and Bush Cabinet Members, Now Oil and Gas Lobbyists, Expect Keystone XL Green Light

By: Sunday November 18, 2012 7:45 am

The Tar Sands Blockade of TransCanada Corporation’s “Keystone XL South” continues in Texas, but former members of the Clinton and George W. Bush cabinets believe the northern half will soon be green-lighted by President Barack Obama.

In a Nov. 13 conference call led by the Consumer Energy Alliance (CEA), an oil and gas industry front group, CEA Counsel John Northington said he believes a “Keystone XL North” rubber stamp is in the works by the Obama Administration.

“I think the Keystone will be approved in fairly short order by the administration,” Northington said on the call.

Superstorm Sandy Shows Nuclear Plants Who’s Boss

By: Tuesday October 30, 2012 11:45 am

If hoses desperately pouring water on endangered spent fuel pools remind you of Fukushima, it should. Oyster Creek is the same model of GE boiling water reactor that failed so catastrophically in Japan.

Jack Welch as a Virtual Business Messiah

By: Monday October 8, 2012 1:00 pm

The guy turned massive profits and was (and is) the darling of Wall Street, but it seems a lot of people have forgotten a lot of things about Jack…one of them being he could also be the most flamboyantly dumb man ever. He returns to that glory with his birther-like chargesof Obama fiddling jobs numbers a month from the election.

Meeting Lord Romney’s Lazy and Dependent Victims

By: Saturday September 22, 2012 9:00 am

“There are 47% . . . who are dependent upon government, . . . who believe the government has a responsibility to care for them, who believe that they are entitled to . . . you name it. . . . These are people who pay no income tax.”

You know these 47% who pay no income tax: people like GE, PG&E, CenterPoint, ConEd, Tenet, Boeing, Verizon, Ryder . . .

Because, as Romney told us earlier, corporations are people too. Some are just lazier and more dependent on government than others.

FDL Movie Night: Heist: Who Stole the American Dream?

By: Monday April 2, 2012 5:00 pm

You know things are bad when Paul Craig Roberts, one of the founders of Reaganomics, says about deregulation and the current state of the economy:

It’s gone too far.

With Heist: Who Stole the American Dream, directors Frances Causey and Donald Goldmacher trace the roots of today’s current economic crisis back to a 1971 memorandum written by Lewis F. Powell Jr.– a Virginia lawyer and representative of the tobacco industry who later became an associate justice of the United States Supreme Court. The Powell Memo, written for the Chamber of Commerce, lays out a very solid, point by point plan for corporations to loosen regulations and gain greater and greater control of the economy for their own benefit at the expense of of the American people.

Nuclear “Renaissance” Meets Economic Reality, But Who Gets the Bill?

By: Friday February 24, 2012 3:15 pm

The real profits in the nuclear racket come from the ability to collect on services not rendered and a product not delivered, or at least not delivered regularly. Because the system backstops the financing of nuclear facilities while also allowing plant operators to pass both real and anticipated costs onto ratepayers, many American taxpayers are poised to pay twice for nuclear power plants that don’t produce power.

“Mitt paid 13.9% in Taxes? Sucker!” GE Tax Guys Taunt Romney’s Tax Guys.

By: Tuesday January 31, 2012 6:32 pm

I often have conversations with people who don’t exist to illustrate real conversations I know about and have a 93% confidence level have actually happened. Here’s a conversation I had last night about Mitt, taxes, GE and strippers.

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