Berman Huddles with His Bailout Buddies
Submitted by Diane Farsetta on
"Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call w
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Corporations
The Legacy of Mr. Horace Kornegay
Several newspapers reported in late January on the death of Horace R. Kornegay, Jr., who served as the Executive Director of the Tobacco Institute from 1969 to 1986. Mr. Kornegay's passing was little noticed, but he was one of the more notable opponents of public health measures in American history.
Thank You for Using Our [Fill in Name of Dangerous Product Here]
Submitted by Anne Landman on
The Australian alcohol industry is taking a leaf from the tobacco industry and has promised to voluntarily devote ten percent of its advertising space to promoting web sites that discourage binge drinking, particularly among youth.
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$50 Million to Polish Cars?
Submitted by Sheldon Rampton on
Kelmenson, Davis & Associates (KDA), a marketing advisory firm with ties to the automobile industry, is trying to raise $50 million a year to spend on fixing the image of Detroit's Big Three auto companies "via public relations and a cable TV documentary," plus "an informational magazine and website called 'American Drive,'" reports Jean Halliday.
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Fortune Frowns on Lying CEOs
Submitted by Sheldon Rampton on
"An angry mob of investors and taxpayers is assembling, and they want to see some executives' heads on pikes," reports Fortune magazine's Roger Parloff. "The question for the courts will be, Who was just foolish with our money -- and who was lying, cheating, and stealing?" Under the law, corporate executives are guilty of securities fraud if they misrepresent the truth about their companies' financial condition.
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Industry Promotes Oilsands, but Who Believes Them?
Submitted by Diane Farsetta on
Canada's oilsands require a much greater use of water and emit roughly three times the amount of greenhouse gases than extraction from "normal" oil fields.
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Influential Energy Agency Blows off Wind Power
Submitted by Diane Farsetta on
The International Energy Agency (IEA), which "advises most major governments across the world on energy policy," has systematically underestimated the potential of renewable energy sources like wind and solar, "because of its ties to the oil, gas and nuclear sectors," charges Energy Watch, a group of scientists and politicians. Swiss parliamentarian Rudolf Rechsteiner, a member of Energy Watch, said that IEA was "delaying the change to a renewable world.
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Classic Case of Revolving Door at Defense Department
Submitted by Judith Siers-Poisson on
Until June 2008, William Lynn was senior VP-government operations for Raytheon, the world's fifth largest defense contractor. Despite that recent stint as a lobbyist, President-elect Barack Obama has nominated him to become deputy defense secretary, which would put him "in charge of day-to-day Pentagon operations." The nomination requires Congressional approval.
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When Chu Chose BP
Submitted by Diane Farsetta on
Energy Secretary-designate Steven Chu "seems about as climate friendly as they come," writes Josh Harkinson, but "more industry friendly than his rhetoric suggests." As the director of the Energy Department-funded Lawrence Berkeley National Laboratory, Chu helped broker "the largest university-industry alliance in U.S.
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After Pledge of Transparency, Treasury Department Blackens Out Contract
Submitted by Anne Landman on
"Consistent with Congress' intent, we are committed to transparency and oversight in all aspects of the program," said Neel Kashkari, the U.S.
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