Corporations

Drug Companies Move to Regulate Themselves, Before Anyone Else Does

The Pharmaceutical Research and Manufacturers of America (PhRMA) has announced a ban on giving branded items to doctors. The pens, notepads, mugs and other gifts are ubiquitous in medical offices. Some, like Senator Herb Kohl, think it is a step in the right direction. "We've been pushing to see reforms like this for some time now.

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A Flood of Evidence

A damaged highway in WisconsinNext week, I will moderate a panel titled "Beyond the Phony 'Debate': Government Science and the Climate Crisis" in Washington, DC. In case I needed any proof that the climate is important, last month's flooding in the Midwest gave me a personal look at what the Intergovernmental Panel on Climate Change was talking about last year when it warned of "an increased chance of intense precipitation and flooding due to the greater water-holding capacity of a warmer atmosphere."

The photograph at right shows a road not far from my home in Portage, Wisconsin that was damaged during the floods. In Sauk County, just a few miles from where I live, officials estimated that 95 percent of the roads were damaged. The seven states where the flooding occurred are still trying to assess the cost of the disaster, but it is already clear that the damages will run into billions of dollars.

In Lake Delton, about 20 miles from Portage, the water broke through a dam, causing the entire lake (600 million gallons of water) to drain into the Wisconsin River, washing away several homes in its path. The Wisconsin River passes through Portage. Like other local residents, I spent some time at the levee, gawking at the rising waters and watching for bits of other people's homes as they floated downstream.

Who Really Benefits from Voluntary Corporate Codes of Conduct?

PinnochioA recent investigation by BBC Television showed British American Tobacco (BAT) violating its own voluntary marketing and advertising codes in Malawi, Mauritius and Nigeria. Contrary to BAT's public pronouncements that it doesn't want children to smoke, the company was caught using marketing tactics in these countries that are known to appeal to young people, like advertising and selling single cigarettes, and sponsoring non-age-restricted, product branded musical entertainment.

As trading has become more global and corporations have become more multinational, countries started discovering that they have little recourse to rein in the harmful behavior of corporations. As public clamor to regulate multinationals has grown, companies have increasingly responded by adopting "voluntary codes of conduct." But what are the real purposes for these codes? Are they just window dressing, or worse?

Meet the Nuclear Power Lobby

The following article appeared in the June 2008 issue of The Progressive magazine.

nuclear power plantThe nuclear power industry is seeing its fortunes rise. "Seventeen entities developing license applications for up to thirty-one new [nuclear] reactors did not just happen," boasted Frank "Skip" Bowman. "It has been carefully planned."

Bowman heads the Nuclear Energy Institute (NEI), the main lobbying group for the industry. His remarks (PDF), at a February gathering of more than 100 Wall Street analysts, were part of a presentation on "reasoned expectations for new nuclear plant construction."

Bowman knew it was important to impress his audience of wary potential investors. "We are where we are today because this industry started many years ago on a systematic program to identify what went wrong the last time," he said, "and develop ways to eliminate or manage those risks."

Nevada Wary of Nuclear Industry Executives Bearing Gifts

Aerial view of Yucca Mountain"The State of Nevada faces almost a billion dollar budget shortfall," reports Edward Lawrence. "The Nuclear Energy Institute says there is a solution ... but it comes with one very large string attached" -- that the state end opposition to the proposed nuclear waste repository at Yucca Mountain.

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PR Firms Holding Their Own, for Now

U.S. PR firms seem to be doing well despite uncertain economic times, at least for now. The annual Best Practices Benchmarking Survey by StevensGouldPincus showed that while the industry didn't match its 22% growth of 2006, in 2007 they still managed a 19.7% average profit.The survey found "a remarkable average of $221,388 per professional in annual billings and a huge jump in average monthly fee minimums to $14,000 from $10,000 one year earlier.

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