Archive for the ‘Capitalism & Corporations’ Category

The times they are a changin’

Saturday, May 24th, 2008

I got a letter from our insurance company. They wanted to let us know about changes to our policy.

Let me quote:

“Added a virus exclusion to protect against a catastrophic epidemic.”

“We have added an endorsement to your policy to exclude farming and business-related liability arising out of any biological or chemical terrorism.”

“Expanded the water damage definition to exclude losses caused by storm surge, break, breach or leak of a levee, dam or canal.”

The politicians and the pundits can deny and obfuscate all they like but at the end of the day, the folks who put their money on the line selling insurance against risks might be our best canarys-in-the-mine indicators of where the real risks lay.

None of this is new, really. Back on November 3rd, 2006, I wrote about Lloyd’s of London releasing their full 360 Climate Change report which also essentially put the lie to claims by the deniers that nothing is wrong. You can read about the Lloyd’s report here:

Former Prosecutor: ISP Content Filtering Might be a ‘Five Year Felony’

Thursday, May 22nd, 2008

– If you don’t know what ‘Net Neutrality’ is then this might be a good place to tune in. For an introduction, follow this link: Net Neutrality

– I’ve written/posted several times on this subject. Follow these links to see my previous posts on this:

– This issue is just going to get hotter and hotter as the corporations try to capture the Internet for their own monetary profit and political power. All the other media have been co-opted; newspapers, magazines, radio, T.V. The Internet is the only free media left.

– Watch this space (because it could vanish…). Or, as Joni Mitchell says in her song, “You don’t know what you got, ’til it’s gone.

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NEW HAVEN, Connecticut — Internet service providers that monitor their networks for copyright infringement or bandwidth hogs may be committing felonies by breaking federal wiretapping laws, a panel said Thursday.

University of Colorado law professor Paul Ohm, a former federal computer crimes prosecutor, argues that ISPs such as Comcast, AT&T and Charter Communications that are or are contemplating ways to throttle bandwidth, police for copyright violations and serve targeted ads by examining their customers’ internet packets are putting themselves in criminal and civil jeopardy.

“These ISPs are getting close to the line of illegality and may be violating the law,” Ohm told conference goers at the Computers, Freedom and Privacy conference Thursday.

Charter’s proposed test of a system that eavesdrops on the URLs its customers visit, in order to serve them targeted ads, has already spurred a powerful Congressman to question whether the scheme would violate the Cable Act. For its part, Comcast’s heavy-handed throttling of peer-to-peer sharing by sending fake stop messages to its customers has the Federal Communications Commission holding hand-wringing public hearings over whether it should ban the practice as being inconsistent with its open network principles.

More…

U.S. Major Importer of Illegal Asian Timber, Study Says

Thursday, May 15th, 2008

– From the National Geographic:

“Vietnam’s furniture exports reached U.S. $2.4 billion in 2007, a ten-fold increase since 2000.

The United States is by far the largest market for Vietnamese wooden furniture, accounting for almost 40 percent of the exports.”

Vietnam has become a hub for processing Asia’s illegally logged timber, much of which is sold in the United States as outdoor furniture, conservationists say.

In a report released in March, the U.K.-based nonprofit Environmental Investigation Agency (EIA) and its Indonesian partner Telapak warned that the illegal timber trade is threatening some of the last intact forests in Southeast Asia, especially in Laos.

“Despite wide awareness of the problem of illegal logging and a series of political commitments to tackle the issue, demand for cut-price wood products is still fuelling the illegal destruction of some of the worlds most significant remaining tropical forests,” said Julian Newman, head of the EIA’s forest campaign program.

It is currently legal in the United States to import illegally sourced wood products. But legislation now under consideration in the U.S. Congress would ban imports of wood products derived from illegally harvested timber.

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Climate change deniers – Grrr

Thursday, May 15th, 2008

– For whatever reasons, there are folks around who spend all their time trying to convince the rest of us that Global Climate Change is not happening or, if it is, that it is not humanity’s fault.

– And all of this in spite of strong and unequivocal assertions by the f0lks best positioned to know what’s going on. I.e., the professional global scientific community of climate scientists who are telling us IT IS REAL AND WE ARE CAUSING IT.

– The climate denialists are forever putting up straw men arguments and bogus alternatives (cosmic rays, anyone?) and as soon as their argument of the day is demolished, they move on to their next amazing claim. Interestingly, once you go digging, you find many of them have financial links back to big oil and coal.

– Recently, these folks put out a paper advertising itself as a list of 500 scientists who disagree with the Global Climate Change hypothesis.

It didn’t take long before many of the scientists on the list began to complain mightily about being on this bogus list.

– Just another day in the life of the smoke and mirrors climate denialists.

– A few quotes:

* “I am horrified to find my name on such a list. I have spent the last 20 years arguing the opposite.” – Dr David Sugden, Professor of Geography, University of Edinburgh
* “I have no doubts … the recent changes in global climate are man-induced. I insist that you immediately remove my name from this list since I did not give you permission to put it there.” – Dr Gregory Cutter, Professor, Department of Ocean, Earth and Atmospheric Sciences, Old Dominion University.
* “Please remove my name. What you have done is totally unethical!!” – Dr Svante Bjorck, Geo Biosphere Science Centre, Lund University.

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Fury over ‘unethical’ warming website

New Zealand climate scientists are upset their names have been used by an American organisation wanting to challenge the increasingly accepted view that climate change is human induced.

Among the five scientists is Niwa principal scientist Dr Jim Salinger, who said he was annoyed the Heartland Institute was trying to use his research to prove a theory he did not personally support.

The institute describes itself as a non-profit research and education organisation not affiliated with any political party, business or foundation.

Dr Salinger said he was never contacted about his work which was being mis-used to undermine support for the idea that greenhouse gas emissions from human activities, largely fossil fuel burning, was warming the globe.

“I object to the implication that my research supports their position … they didn’t check with me.”

He said that he and the other New Zealand scientists all felt their work had been misinterpreted.

“We say global warming is real.”

More…

See also…

Multinationals make billions in profit out of growing global food crisis

Tuesday, May 13th, 2008

Speculators blamed for driving up price of basic foods as 100 million face severe hunger

Giant agribusinesses are enjoying soaring earnings and profits out of the world food crisis which is driving millions of people towards starvation, The Independent on Sunday can reveal. And speculation is helping to drive the prices of basic foodstuffs out of the reach of the hungry.

The prices of wheat, corn and rice have soared over the past year driving the world’s poor – who already spend about 80 per cent of their income on food – into hunger and destitution.

The World Bank says that 100 million more people are facing severe hunger. Yet some of the world’s richest food companies are making record profits. Monsanto last month reported that its net income for the three months up to the end of February this year had more than doubled over the same period in 2007, from $543m (£275m) to $1.12bn. Its profits increased from $1.44bn to $2.22bn.

More…

– Research thanks to Kathy G. 

Greed in NZ, too

Thursday, April 17th, 2008

– Nice post today in a New Zealand Blog (Amerinz) written by an American immigrant to that country. He writes about corporate greed and how corporations are only beholding to their shareholders and how, as a business model, that isn’t necessarily the best thing for the people who have to share their societies with these ravenous and amoral entities.

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I’ve written about corporate greed many times. I’ve been critical about corporate ethics, and about the modern business paradigm in which nothing matters to corporations except maximising return to investors.

Today, there was an example of what I’ve been talking about.

New Zealand appliance manufacturer Fisher & Paykel has announced that it’s shutting factories in Dunedin in New Zealand, Brisbane in Australia and one in California, shifting the jobs to Asia. 1070 people will loose their jobs, 430 of them in New Zealand. Last year the company announced that it was eliminating even more jobs in Auckland, shipping them to Asia.

More…

Japanese Pay Less for More Health Care

Wednesday, April 16th, 2008

– Not too long ago, we had Michael Moore’s movie “Sicko“.   In it, we got to see how much better the socialized medicine systems of places like Britain, Canada and France are than what we’ve got here in the U.S.

– Now comes NPR to to regale us with the Japanese system which is run by – corporations. And its health outcomes are far better than ours – at about half the cost we pay. Now that’s a poke in the eye.

– But, don’t look for things to change anytime soon – not while the big corporations have our government largely under their control.

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Japan produces cars, color TVs and computers, but it also produces the world’s healthiest people. It has the longest healthy life expectancy on Earth and spends half as much on health care as the United States.

That long life expectancy is partly due to diet and lifestyle, but the country’s universal health care system plays a key role, too.

Everyone in Japan is required to get a health insurance policy, either at work or through a community-based insurer. The government picks up the tab for those who are too poor.

It’s a model of social insurance that is used in many wealthy countries. But it’s definitely not “socialized medicine.” Eighty percent of Japan’s hospitals are privately owned — more than in the United States — and almost every doctor’s office is a private business.

More…

– research thanks to L.A.

Spam blights e-mail 15 years on

Thursday, April 3rd, 2008

– Everyone who thinks that we live in representative democracies should consider this: The vast vast majority of us detest Spam – and yet, it is still here.

– We have a war on drugs and wars on poverty and ‘no child left behind’ programs. But, has the might of the government that is suppose to be a reflection of the will of its people seen fit to declare war on Spam? Nope. You have to wonder why.

– And once you begin to pull on that thread, there’s no telling where it might take you.

– And I’m not just talking about the U.S. here. All you you out there who think you live under representative governments, just look around you at various issues that clearly have a majority of public sentiment behind them – and yet they never seem to go anywhere.

– Recently, in New Zealand, a poll was published that indicated that 85% of the NZ public thinks talking on cell phones should be banned while driving. You’d think in a representative democracy, that would have the elected folks sitting up and taking notice and falling over themselves to introduce the bill and associate themselves with the bill that would implement the public will. But, sometimes the silence is deafening after one of these polls.

5-Apr-08 – a nice follow-on:  Here’s an article that asserts that 81% of Americans polled think America’s on the wrong path.   Now, what do we think the chances are that these opinions will result in a change in the country’s directions?    Slim and none I’d say – but then I’m a bit of a cynic.

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Spam continues to blight e-mail exactly 15 years after the term was first coined and almost 30 years since the first spam message was sent.

The term is thought to have been coined by Joel Furr, an administrator on the net discussion system Usenet, to refer to unsolicited bulk messages.

More than 90% of all e-mail is spam, according to anti-spam body Spamhaus.

“Spam is a real life arms race,” said Mark Sunner, chief analyst at online security firm Message Labs.

Billions of spam e-mails are sent each day, blocking mail servers, slowing down networks, infecting people’s computers with viruses, helping hijack machines and generally making the internet a painful experience for many.

Mr Furr told BBC News that the anniversary of his first use of the term was no cause for celebration.

More…

Vietnam ‘hub for illegal timber’

Friday, March 28th, 2008

Vietnam has become a major South-East Asian hub for processing illegally logged timber, according to a report from two environmental charities.

The trade threatens some of the last intact forests in the region, say the UK-based Environmental Investigation Agency (EIA) and Indonesia’s Telapak.

Because Vietnam has increased measures to protect its own forest, producers are getting timber from other nations.

The authors add that some of the timber is reaching the UK as garden furniture.

More…

Blue Moon Economics

Friday, March 28th, 2008

– Kurt Cobb over at Resource Insights wrote an excellent piece on the state of the world’s economics the other day. I’m going to provide a couple of paragraphs to whet your appetite and then a link over to the full article on his site.

– It is a good site to know about and I’ve just added a link to it on my Blogroll.

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As the United States sinks into a financial vortex and begins to drag the rest of the world with it, commentators are reaching for every form of hyperbole available. Former chairman of the U. S. Federal Reserve Board Alan Greenspan characterized the current trouble as “the most wrenching since the end of the second world war.”

So unexpected and extreme have recent financial trends been that even the man who warned that derivatives are “financial weapons of mass destruction,” legendary investor Warren Buffett, has encountered difficulties when his companies waded into the derivatives market.

Concern about a cascade of failures among financial institutions led the Federal Reserve to make loans to the beleaguered investment bank Bear Stearns Cos. by invoking authority it last used in the 1960s.

All of the events of recent weeks including the wild swings in both the stock and commodities markets are signaling the advent a rare full-blown, long-term credit crisis not seen in, well, a blue moon. Some are saying we haven’t seen anything like it since the 1930s. As frightening as such pronouncements are, they all imply a rare but cyclical crisis that is understood to be severe, but ultimately of limited duration. Yes, such a crisis only occurs once in a blue moon, but when it does, despite all the damage that results, it eventually comes to an end.

All of this may turn out to be true, but only if the cause of this economic crisis is strictly as advertised, namely, too much credit given to too many people at prices too cheap for too long until many overreached and could not make good on their obligations. The problems appear to extend all the way from the humblest subprime mortgage holder to major financial institutions at the center of Wall Street.

More…