If anyone still believes we must drill, baby, drill offshore -- aside from Bill Kristol, that is, who wants to sink wells even closer to precious coastal wetlands -- then perhaps it is time to consider again the potential benefits of nationalization. After all, there is one country that has established an unrivaled record for environmental safety while exploiting its offshore petroleum reserves. That would be Norway, which created the company now known as Statoil Hydro as a fully state-owned entity and still controls nearly two-thirds of the company's "privatized" shares.
"In January of 2009, Obama nominated Dawn Johnsen to head the Office of Legal Counsel in the Justice Department. This was seen as a tremendous move, as Johnsen had the experience, the expertise and an apparent eagerness to take on the job of unraveling a series of horrible legal opinions that had been issued to support the torture program put into place during the Bush administration. Sadly, though, even with 60 votes for Johnsen clearly within reach for an extended time, Obama chose not to fight for Johnsen's confirmation. As a result, once it became clear that another Supreme Court nomination was going to be necessary, Johnsen withdrew from consideration, knowing that Obama had abandoned her."
15 mind-blowing facts about wealth and inequality in America: A slideshow from "Business Insider." Click on "VIEW AS 1 PAGE" unless you want to go insane, viewing 1 slide at a time.
NPR's Richard Harris has learned that much more oil, 70,000 barrels a day or more than ten times the official estimate, is gushing into the Gulf of Mexico from the Deepwater Horizon pipe, based on scientific analysis of the video released Wednesday.
"In 2005 private student loans were exempted of ALL consumer protections. No matter when their loans were taken, many borrowers now find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law. The consequences are dire, with stories of borrowers in financial and emotional ruin."
The way mortgages are bundled and resold, it can be enormously time-consuming just trying to determine what company holds the loan on a property thought to be in foreclosure. ___In Ms. James's case, the company that was most recently servicing her loan is now defunct. Its parent company filed for bankruptcy and dissolved. And the original bank that sold her the loan said it could not find a record of it.
"The business of America is big business with a strategic long-term plan for co-opting world governments, waging permanent wars for profit, dominating everywhere militarily, ending social safety net protections, crushing civil liberties and freedom, tolerating no concern for human rights, controlling global markets and resources, turning workers everywhere into serfs, and extracting, unimpeded, as much public wealth as possible."