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Home > Section > Economy

What is ALEC? How Model Legislation is Written by Corporations

by The Investigative Newswire on August 3, 2011 - 0 Comments
Section: Politics, The Corporation, The Wire

alec_government1

Founded in 1973 by Paul Weyrich and other conservative activists frustrated by recent electoral setbacks, ALEC is a critical arm of the right-wing network of policy shops that, with infusions of corporate cash, has evolved to shape American politics. Inspired by Milton Friedman’s call for conservatives to “develop alternatives to existing policies [and] keep them alive and available,” ALEC’s model legislation reflects long-term goals: downsizing government, removing regulations on corporations and making it harder to hold the economically and politically powerful to account.

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Peru Oil Pipeline to Endanger “Uncontacted People” in “Most Biodiverse Area in South America”

by The Investigative Newswire on August 2, 2011 - 0 Comments
Section: Energy, Human Rights, Politics

Hill-Perenco-boat-on-the-Curaray-river-a-tributary-of-the-Napo-river

On July 22, Peru’s Energy Ministry gave the green light to Anglo-French company Perenco to build a pipeline in a remote part of the Peruvian Amazon that was described by one US scientist as, “the most biodiverse area in South America.”Perenco is operating in an area between the Napo and Tigre rivers known as Lot 67, the first oil concession created in that region and initially licensed to US-based Advantage Resources in 1995.

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VIDEO INVESTIGATION: Gas Well Flaring in the Marcellus Shale

by Melissa Troutman on July 26, 2011 - 7 Comments
Section: Economy, Energy, Environment-Science-Health, Human Rights, Natural Gas, Politics

Jim_Harkins_Potter_County_PA_Fracking_Natural_Gas_Flaring6_thumbnail

“Flaring” is a term used to describe the burning of natural gas from a well that has not yet been linked to a pipeline. When a well is “flared,”a huge flame lights up the sky, reaching higher than tree tops, accompanied by a noise similar to a 757 jet engine. The sight and sound of a flaring well are quite intimidating, but the practice is not a risk to public health according to the Pennsylvania Department of Environmental Protection, or DEP.

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Air Pollution from Gas Drilling a ‘Huge Problem’

by Melissa Troutman on July 26, 2011 - 0 Comments
Section: Economy, Environment-Science-Health, EPA, Natural Gas, Politics

A compressor station facility located in the "Marshlands Play" area on the Potter County, PA, side. The Marshlands Play is a well documented zone for high production volume in natural gas from the Marcellus Shale. photo: Joshua B. Pribanic

The Pennsylvania Department of Environmental Protection (DEP) issued a press release in May regarding an “air quality study near Marcellus Shale natural gas operations in Bradford, Lycoming, Sullivan, and Tioga counties.” Eight sites were sampled over three five-day periods to determine if specific pollutants were a threat to anyones air quality in acute amounts.

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New Documentary: DEBTOCRACY (Watch Full Movie)

by The Investigative Newswire on July 20, 2011 - 0 Comments
Section: Economy, The Corporation, The Wire

debtocracydvd

For the first time in Greece, a documentary producer of the beholder. The DEBTOCRACY searches for the causes of the debt crisis and propose solutions that are hidden from the government and the mainstream media. The documentary will be distributed free by the end of March without usage rights and broadcast and subtitled in at least three languages.

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New Jersey Legislature Bans Hydraulic Fracturing for Natural Gas (Fracking)

by The Investigative Newswire on July 2, 2011 - 0 Comments
Section: Economy, Energy, Natural Gas, Politics, The Wire

The American Flag, torn and tattered atop of a Triana well pad in the Pennsylvania gamelands. photo: Melissa Troutman

“Today, New Jersey sent a strong message to surrounding states and to the nation that a ban on fracking is necessary to protect public health and preserve our natural resources,” said Senator Bob Gordon (D-Bergen). “Any benefits of gas production simply do not justify the many potential dangers associated with fracking such as pollution of our lakes, streams and drinking water supplies and the release of airborne pollutants. We should not wait until our natural resources are threatened or destroyed to act. The time to ban fracking in New Jersey is now.”

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Pennsylvania Marcellus Shale Waste Records Are Incomplete

by Melissa Troutman on June 29, 2011 - 0 Comments
Section: Economy, Energy, Natural Gas

Retention pond pumping in flowback water from a nearby well. The pipes leading away from the pond indicate the fluids are being reused at 3 neighboring wells. photo: Joshua B. Pribanic

On May 12, the United States Environmental Protection Agency (EPA) sent Pennsylvania DEP Secretary Michael Krancer a letter asking “Pennsylvania to do a better job sampling, monitoring and regulating Marcellus Shale wastewater discharges near public drinking water sources.” Specific requests from the EPA included using “stricter public drinking water standards” and enacting “legally enforceable wastewater disposal regulations instead of relying on voluntary actions.” Brine Treatment Corporation in Franklin County, Pa. has not stopped receiving Marcellus waste altogether but is now limiting the amount of Marcellus wastewater it accepts, treats, and discharges into waterways.

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VIDEO: Ohio Senate Approves Bill to Allow Fracking in State Parklands

by Joshua B. Pribanic on June 17, 2011 - 6 Comments
Section: Economy, Energy, Natural Gas

A Triana fracking well in the state parklands of PA. Triana is currently being sued for personal property losses for its practices within PA. photo: Joshua B. Pribanic

After citing the rise of gas prices, dependence to dictatorial regimes, and the great recession; Sen. Jordan proclaimed “Let’s use facts, not fear to make our decision” going on to record that the process of fracturing has been active for 60yrs, while failing to mention that recent chemical solutions and horizontal drilling practices have changed the face of drilling for the 21st century. These changes mark the points for interest groups concerned about the drilling. Certain environmental groups have spoken in favor for responsible drilling, but quickly shun current fracking methods; asking for the industry to provide safer alternatives.

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HBO’s ‘Too Big to Fail’ Tells the Story of America’s Financial Collapse

by The Investigative Newswire on May 31, 2011 - 0 Comments
Section: Economy, The Corporation

President George W. Bush stands with Federal Reserve Chairman Ben Bernanke, left, SEC Chairman Chris Cox, right, and Treasury Secretary Hank Paulson as he delivers a statement on the economy Friday, Sept. 19, 2008, in the Rose Garden of the White House. photo: Joyce N. Boghosian

Fade to the postscript. There we learn that, whoops, the banks didn’t lend it out after all. Instead, they got bigger, banker bonuses recovered, and Wall Street is getting bottle service at velvet-roped clubs all over again. The world was saved from ruin, but the banks quickly went back to business as usual and even felt self-righteous about it.

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PEW Examines The Credit CARD Act Disregard for Business Credit Cards & Consumer Protection

by The Investigative Newswire on May 23, 2011 - 0 Comments
Section: Economy, The Wire

President Barack Obama meets with representatives from the credit card industry in 2009 to talk about the need for greater consumer protections, a need made all the more urgent by the economic crisis. Secretary of the Treasury Timothy Geithner is to his right.

The Credit CARD Act of 2009, signed into law two years ago, made consumer credit cards safer and more transparent. But, its rules did not apply to cards labeled for business or commercial use, placing millions of individuals and small business owners at risk. Practices the Federal Reserve deemed “unfair” or “deceptive,” such as hair trigger interest rates…

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