Skip to content

Archive for May, 2012

Reducing Obesity in NYC

Visit for breaking news, world news, and news about the economy

I’ll give Mayor Bloomberg some credit here for trying to do something about the obesity epidemic. It’s not only sugar that you have to worry about, but also high fructose corn syrup and possibly aspartame (so I’ve heard from people). The beverage industry has a powerful lobby which has successfully stopped similar attempts to regulate soda and other sugary beverages in the District of Columbia.

The truth about bottled water

Bottled Water's Dirty Secret

Scott Walker is John Doe

At first I thought I thought the Overpass Light Brigade in Wisconsin was saying that Governor Scott Walker had become persona non grata; due to the John Doe reference on their sign.  They were instead referring to Walker’s legal fund.

Gov. Scott Walker’s campaign has transferred another $100,000 to the defense fund used to pay his pricey criminal defense lawyers in the lengthy John Doe investigation into activities during Walker’s time as county executive.

A governor with a legal fund is not who Wisconsin needs running the state. Especially because of his union-busting antics of last year. He denies regular people the opportunity to have decent lives; all the while he’s conducting what appears to be gangster capitalism.

Create any jobs? Wisconsin State Republican Can’t Remember

He’s at a loss for words. I bet so is Scott Walker.

On the Mitt Romney Typo-gate

Someone screwed up

In this image the background also appears to spell out “money.” Of course there’s now also a Tumblr.

Nick Hanuer on Eliot Spitzer’s Viewpoint

If only we could listen. The same thing happened in the run up to the Great Depression. As I read Arthur Schlesinger’s book: The Crisis of the Old Order: 1919-1933, The Age of Roosevelt, Volume 1; back in 2005 I came across the same thinking as that of Mr. Hanauer.

When you take purchasing power out of the hands of those who do a lot of purchasing you hurt the economy. Those who are in the middle class or are working poor put a lot of their income right back into the economy buying goods and services. It would also help if those goods that were being purchased were made in the United States! Instead a lot of our dollars flow right out of the country. As for services a lot of those have been outsourced too.

Trouble in Madoff Trustee Land

Someone is getting paid big time.

So far, Mr. Picard’s efforts have created a whopping $554 million in legal and other fees. How much have Mr. Madoff’s victims actually received from all of the cases and motions he’s made? Only $330 million. And how much does Mr. Picard estimate the fee spigot will pour out by 2014? A mere $1 billion.

At $850 an hour, Mr. Picard and his law firm, Baker & Hostetler, are starting to look more like the princes of the Full Employment Act for Lawyers than storybook heroes.

Tepco Tuna! Radioactive import from Japan floats to US

Due to the many failures of Tepco as outlined in Greg Palast’s latest book Vulture’s Picnic; Tepco Tuna is now on the menu in the states.

 Across the vast Pacific, the mighty bluefin tuna carried radioactive contamination that leaked from Japan’s crippled nuclear plant to the shores of the United States 6,000 miles away — the first time a huge migrating fish has been shown to carry radioactivity such a distance.

“We were frankly kind of startled,” said Nicholas Fisher, one of the researchers reporting the findings online Monday in the Proceedings of the National Academy of Sciences.

Apparently the radioactive levels are still “safe” they say, but radioactive tuna doesn’t sound all that appetizing.

Spain bails out Bankia

Looks like Spain is following in the footsteps of the rest of the world most notably the United States of America.

The state takeover of its fourth-largest lender, Spain’s biggest bank rescue, has intensified fears that the rising cost of helping banks may force the euro zone’s fourth largest economy to seek an Irish-style international bailout.

What’s sad is that they would bailout Bankia but make everyone else in Spain suffer from austerity measures. As for the United States, the TARP bailout wasn’t as effective as the auto industry bailout. That goes to show you that it is probably a better idea to bail out industries that produce things.

The CEO whistleblower formerly of Olympus

I just found it amazing that the CEO of Olympus would blow the whistle like that. Usually this sort of stuff never comes from that high a level within a corporation.

By bringing a claim on the grounds of whistleblowing and discrimination in the employment tribunal in east London, Woodford’s damages are unlimited, depending on whether he is likely ever to regain a career at global CEO level again.

Investigators have uncovered accounting fraud among other things at Olympus in Japan.