Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘business’

Examining Right Wing Rhetoric in Memes

Posted by Warm Southern Breeze on Monday, April 27, 2015

How accurate, or true are Right Wing statements?

How accurate, or true are Right Wing memes?

Regardless of one’s political beliefs, party affiliation, or ideological inclination, it’s always good to consider the truth of statements in memes that – like flotsam and jetsam – are dispersed throughout the Internet… particularly upon Social Media sites such as FaceBook, and Twitter. And unfortunately, in many cases, they are the veritable garbage, the effluent detritus of communication.

So… let’s examine some of the argument in the meme seen here, and see if it still holds water.

Government has necessary services, and provides the same.

Consider road construction as one example.

To create & build roads (which themselves increase opportunity) government must purchase things – raw materials, and manpower, among them.

Now… exactly where is any “government factory” for that, eh?

That’s correct – there is NONE.

EVERYTHING “we the people” by and through our government – at ALL LEVELS, Federal, State, and Local – purchase comes from the Private Sector!

EVERYTHING!

Consider also what may be the greatest example of Read the rest of this entry »

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Alabama Democrats Vote to Save Jobs: ABC Privatization Bill Dies in Senate Committee

Posted by Warm Southern Breeze on Wednesday, April 8, 2015

A bill by State Senator Arthur Orr (R-Decatur) to privatize the Alcoholic Beverage Control Board has died in the Senate Finance and Taxation General Fund Committee by a 7-6 vote along party lines, with one Republican voting ‘NO.’ The vote received applause from attendees.

A substitution bill presented by Orr would’ve changed the suspension penalty for Selling to Minors from one year to one week, and increased taxes, was also adopted along party line vote.
Orr said earlier that, “Part of our job is to downsize government,” and demanded a committee vote be taken on his bill today.

Alcoholic Beverage Control Board Administrator Mac Gipson testified that employees are paid from mark-ups from sales in the state’s 176 ABC stores. He also noted that by comparison, there are 587 private package stores in the state.

In Alabama, liquor is marked up at Read the rest of this entry »

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Alabama Solar Energy Farm Announced

Posted by Warm Southern Breeze on Friday, February 13, 2015

TVA Announces 80 MegaWatt Solar Farm in Lauderdale County Alabama

At their quarterly board meeting, the Board of Directors for the Tennessee Valley Authority moved Thursday, February 12, 2015, to adopt resolutions which would allow TVA President and CEO Bill Johnson to:

  • Establish a 20-year Power Purchase Agreement (PPA) with NextEra for electricity from its planned 80MW solar farm in Lauderdale County, AL. The installation would be significantly larger than any existing solar facility in the Tennessee Valley.

and

  • Acquire for $340 Million Quantum Utility Generation’s Choctaw combined cycle Natural Gas (NatGas) plant near Ackerman, MS. TVA has been buying power from the 760MW plant since 2008. This would be TVA’s sixth combined cycle plant, with two more under construction, all since 2007.

Confidential terms of the agreements were not released.

Concerning the NatGas plant, Mr. Johnson said, “We can purchase the gas plant for substantially less than it would cost to build one, and the solar power is at a price competitive with other energy sources.”

The board unanimously approved the purchase of Quantum Utility Generation’s 760MW Choctaw combined-cycle power plant near Ackerman, MS, for about $340mn, or $447/kW, half the cost to build a new gas plant, according TVA Chief Operating Officer Charles Pardee.

TVA has bought most of the output of the Choctaw gas plant since 2008. If the deal closes, Choctaw will be the sixth combined-cycle gas plant TVA has purchased or built since 2007. Two more combined cycle plants are under construction.

Since 2007, TVA has built or bought Read the rest of this entry »

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The U.S. Economy In 6 Simple Pictures

Posted by Warm Southern Breeze on Wednesday, January 28, 2015

Picture #1:

It’s fairly explanatory. American corporations are making profits hand over fist. They’re making more profit now, than before the “Great Recession.” In fact, they’re making more than DOUBLE from their lowest during that time.

Corporate Profits After Tax

Corporate Profits After Tax

 

 

 

 

 

 

 

 

 

 

 

 

Read the rest of this entry »

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How Successful Is It To Drug Test Public Assistance Welfare Recipients?

Posted by Warm Southern Breeze on Sunday, October 5, 2014

There’s a meme which circulates on FaceBook and presumably, in other places as well, which appears similarly as this:

Drug Test Public Assistance Recipients

Drug Test Public Assistance Recipients Meme

Honestly, the idea is a failure.

But you’d rarely – if ever – hear about it’s failures.

Florida was the first state to tread that path. What they learned was surprising. And then, the law was struck down by a Federal court. The states that embark upon Florida’s path will be wa$ting their citizen$ taxe$.

Only 2.6% of Florida applicants failed the drug test.

“Because the Florida law requires that applicants who pass the test be reimbursed for the cost, an average of $30, the cost to the state was $118,140. This is more than would have been paid out in benefits to the people who failed the test. As a result, the testing cost the government an extra $45,780.”

The purported savings in Florida’s program will be negligible after administrative costs and reimbursements for the drug tests are taken into account.

http://www.nytimes.com/2012/04/18/us/no-savings-found-in-florida-welfare-drug-tests.html

But it wasn’t limited to Florida. Read the rest of this entry »

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Pitchfork in the Road: America’s Economic Future – Poverty & Insurrection, or Abundance & Peace?

Posted by Warm Southern Breeze on Saturday, June 28, 2014

“How much is enough?” is a qood question to ask many folks, especially some among the Wall $treet crowd.

And to be certain, the two principles of “the worker is worthy of their hire,” and “You must not muzzle an ox to keep it from eating as it treads out the grain” are equally compelling ethics.

As those two ethics concern our nation’s economy, we can point to times in history where various nations suffered revolution, and the most common causes of revolution.

In fact, I wrote at length about it in this blog in 2011, and observed in part that, “…it’s not as if uproars have never happened before. They happen with great regularity and frequency. In fact, they’re quite predictable. Yes, predictable. It’s called “history.” The maxim goes something like this: “Those who forget the lessons of history are condemned to repeat them.” And so, any reasonable or prudent person should ask, “What are the lessons of history?””

Just remember this: Food, Clothing, Shelter. If you can’t get them with what you have, you’ll fight, kill, go to war, or civil insurrection, to obtain the basic necessities of life.

The Pitchforks Are Coming… For Us Plutocrats

By NICK HANAUER
Nick Hanauer is a Seattle-based entrepreneur.

July/August 2014

Memo: From Nick Hanauer
To: My Fellow Zillionaires

You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor. Then I founded aQuantive, an Internet advertising company that was sold to Microsoft in 2007 for $6.4 billion. In cash. My friends and I own a bank. I tell you all this to demonstrate that in many ways I’m no different from you. Like you, I have a broad perspective on business and capitalism. And also like you, I have been rewarded obscenely for my success, with a life that the other 99.99 percent of Americans can’t even imagine. Multiple homes, my own plane, etc., etc. You know what I’m talking about. In 1992, I was selling pillows made by my family’s business, Pacific Coast Feather Co., to retail stores across the country, and the Internet was a clunky novelty to which one hooked up with a loud squawk at 300 baud. But I saw pretty quickly, even back then, that many of my customers, the big department store chains, were already doomed. I knew that as soon as the Internet became fast and trustworthy enough—and that time wasn’t far off—people were going to shop online like crazy. Goodbye, Caldor. And Filene’s. And Borders. And on and on.

Nick Hanauer

Nick Hanauer
With over 30 years of experience across a broad range of industries including manufacturing, retailing, e-commerce, digital media and advertising, software, aerospace, health care, and finance. Hanauer’s experience and perspective have produced an unusual record of serial successes. Hanauer has managed, founded or financed over 30 companies, creating aggregate market value of tens of billions of dollars. Some notable companies Include Amazon.com, Aquantive Inc., (purchased by Microsoft in 2007 for $6.4 billion), Insitu group (purchased by Boeing for $400 million), Market Leader (purchased by Trulia in 2013 for $350 million). Some other companies include Marchex, Newsvine, Qliance, Seattle Bank and Pacific Coast Feather Company. – Photo by Robbie McClaran

Realizing that, seeing over the horizon a little faster than the next guy, was the strategic part of my success. The lucky part was that I had two friends, both immensely talented, who also saw a lot of potential in the web. One was a guy you’ve probably never heard of named Jeff Tauber, and the other was a fellow named Jeff Bezos. I was so excited by the potential of the web that I told both Jeffs that I wanted to invest in whatever they launched, big time. It just happened that the second Jeff—Bezos—called me back first to take up my investment offer. So I helped underwrite his tiny start-up bookseller. The other Jeff started a web department store called Cybershop, but at a time when trust in Internet sales was still low, it was too early for his high-end online idea; people just weren’t yet ready to buy expensive goods without personally checking them out (unlike a basic commodity like books, which don’t vary in quality—Bezos’ great insight). Cybershop didn’t make it, just another dot-com bust. Amazon did somewhat better. Now I own a very large yacht.

But let’s speak frankly to each other. I’m not the smartest guy you’ve ever met, or the hardest-working. I was a mediocre student. I’m not technical at all—I can’t write a word of code. What sets me apart, I think, is a tolerance for risk and an intuition about what will happen in the future. Seeing where things are headed is the essence of entrepreneurship. And what do I see in our future now?

I see pitchforks.

At the same time that people like you and me are Read the rest of this entry »

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Lyons Coffee Roasters @LyonsCoffeeAL in Florence, Alabama announces reopening! Oh Happy Day!

Posted by Warm Southern Breeze on Monday, June 23, 2014

I am overjoyed to learn of this OUTSTANDINGLY EXCELLENT news!

Happy Day!

You’ve read the headline, so you “know” something of the “bottom line.”

A few weeks back, I had written a thoughtful Op-Ed about the matter entitled “Why the LGBT community should support Shirey Ice Cream in Florence, Alabama,” and encouraged peaceful reconciliation.

In part I wrote…

An eye for an eye, and a tooth for a tooth” does nothing more than increase eyeless, toothless people. It multiplies injury, and eventually claims everyone.

“On the other hand, in stark contrast, love covers a multitude of sins.

“Love your enemies. Pray for those who persecute you. Do good to those who hate you. Let the light of your good deeds shine so brightly so that many others can see it, who will then give praise to your Heavenly Father because of them.

“Those ideas are truly revolutionary values.”

I do not know whether or not Read the rest of this entry »

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Who Pays Unskilled Labor US $80,000/year?!

Posted by Warm Southern Breeze on Sunday, June 22, 2014

“For Scripture says, “Do not muzzle an ox while it is treading out the grain,” and “The worker deserves his wages.”
-1Tim5:18

Lately, much has been made of raising the Minimum Wage, which does nothing more than establish a minimum standard.

But who cares about minimums?

We should strive to exceed!

Some well-known, publicly-traded, highly profitable firms, however, revel in greed, and wallow in the slop, when they can do far better for the employees who operate their businesses.

The question is often asked “why pay unskilled workers $10 or even more per hour?”

It’s a valid question, and deserves a genuinely thoughtful response.

So, let’s pose that question to BIG OIL COMPANIES in Williston, North Dakota, where…

“oilfield companies pay unskilled 19 year-olds $80,000 a year.”

 

http://www.marketplace.org/topics/economy/mall-middle-what-used-be-nowhere

by Dan Weissmann
Monday, June 16, 2014 – 15:21

Williston, North Dakota, has the nation’s highest rents. Thanks to the fracking boom, a basic apartment in Williston costs more than something similar in New York or San Francisco. And it comes with a lot fewer amenities.

For instance, shopping. If Walmart doesn’t have it, the nearest outlet is at least two hours away. Now, a Swiss investment firm has announced plans to Read the rest of this entry »

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Big Beer Still Bets on Lager

Posted by Warm Southern Breeze on Friday, June 20, 2014

If you’re a beer drinker, if you enjoy quaffing the suds, a cold one after work, or on a summer day, you may be interested to know that Anheuser-Busch (now Anheuser-Busch InBev), Molson, Coors (now MolsonCoors), Miller (now SABMiller) are NOT American-owned companies.

That’s right.

They’re foreign-owned, multinational corporations – every one.

The Craft Brew Beer industry in America is the antithesis of Big Beer, which in large part, developed as a result of consistently poor quality products made by Big Beer, and their inattention to customers. The emergence of me-too wanna’ be ‘craft brewed beers’ made by Big Beer is a sure sign that they’ve noticed what’s happening – a reduction in beer consumption, i.e., their sales.

Those sales have gone to micro & craft brewed beer, and their American-made, locally-sourced mom & pop competitors.

More power to locally sourced craft brewed beers!

Cheers!

***

Why Lager Is the Future of Craft Beer

BY Jason Notte | 06/19/14 – 10:00 AM EDT

PORTLAND, Ore. (TheStreet) — Small craft brewers and the craft divisions of huge international breweries can talk about wheat beers, shandies and even IPA all they’d like: This is still lager country.

Despite recent gains by craft beer and recent shifts by Anheuser-Busch InBev, MolsonCoors and SABMiller toward brands including Blue Moon, Shock Top, Goose Island and Leinenkugel’s, the overwhelming majority of beer sold in this country is lager or some derivative thereof. It’s been so relentless and pervasive that even hard-line craft beer advocates have begun embracing it in its light, familiar form.

Consider that MolsonCoors/SABMiller’s MillerCoors and Anheuser-Busch InBev still sell about 74% of the beer this nation drinks. Consider further that Corona and Heineken make up roughly another 10% of that market. Throw Pabst, Modelo and newly “craft” brewer Yuengling into the equation and 18 of the 20 best-selling beers in the U.S. are some form of either lager or pilsner.

You can argue that most are losing sales — and many including Budweiser, Bud Light, Miller Lite and Busch are. But import brands including Heinkeken, Corona and Modelo saw sales rise even during the recession. The same holds true for Coors Light, Pabst Blue Ribbon and Yuengling, with each posting double-digit percentage point gains in 2012 alone, according to Beer Marketer’s Insights.

The problem isn’t lager, but the overall beer market. The Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau reported a 1.5% decrease in overall beer sales and a 2.6-million barrel loss in beer production. That’s basically akin to shutting down Boston Beer’s Samuel Adams brand (which produced 2.7 million barrels in 2012) for an entire year. Beer consumption overall has fallen in four of the past five years, with many of the slumping mainstream brands responsible for the damage. That has reduced reduced beer’s share of the overall alcohol market from 55% in 2000 to 49% in 2012. Meanwhile, craft beer volume increased by an estimated 15% last year, with imports putting up roughly 5% growth.

The Beer Institute, a beer industry organization based in Washington, points out that Read the rest of this entry »

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Why the LGBT community should support Shirey Ice Cream in Florence, Alabama

Posted by Warm Southern Breeze on Wednesday, May 21, 2014

Edwin Markham, American poet,

Edwin Markham, American poet

Outwitted

He drew a circle that shut me out–

Heretic, a rebel, a thing to flout.

But Love and I had the wit to win:

We drew a circle that took him in!

by Edwin Markham, April 23, 1852 – March 7, 1940

That brief poem, or epigram, by Edwin Markham summarizes succinctly the idea upon which I will expound in this entry.

In the past several days, it came to light that a Shoals area Alabama entrepreneur, Garrett Shirey – who, with his brothers Reese & Austin, are founders and co-owners of Shirey Ice Cream in the northwest Alabama town of Florence, population 39,447 – had Tweeted at least two uncharacteristic and very unbecoming messages. The specific dates and times they were made, and the content can be seen in the screen shot images of the Tweets, both which appear later in this entry.

First, some background.

Read the rest of this entry »

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What is it like to be a Woman Business Owner & Inventor Terrorized & Threatened by Right Wing Extremist Gun Owners?

Posted by Warm Southern Breeze on Saturday, May 3, 2014

More power to you!

The GOP has been hijacked by extremist elements.

It’s time to put those sorry, low-life punks in prison for collusion, terrorism and anti-American activity.

***

***

‘Smart’ Firearm Draws Wrath of the Gun Lobby

By JEREMY W. PETERS
APRIL 27, 2014

Belinda Padilla is trying to market a new .22-caliber handgun that uses a radio frequency-enabled stopwatch to identify the authorized user so no one else can fire it.  Credit Monica Almeida/The New York Times

Belinda Padilla is trying to market a new .22-caliber handgun that uses a radio frequency-enabled stopwatch to identify the authorized user so no one else can fire it.
Credit Monica Almeida/The New York Times

BEVERLY HILLS, Calif. — Belinda Padilla does not pick up unknown calls anymore, not since someone posted her cellphone number on an online forum for gun enthusiasts. A few fuming-mad voice mail messages and heavy breathers were all it took.

Then someone snapped pictures of the address where she has a P.O. box and put those online, too. In a crude, cartoonish scrawl, this person drew an arrow to the blurred image of a woman passing through the photo frame. “Belinda?” the person wrote. “Is that you?”

Her offense? Trying to market and sell a new .22-caliber handgun that uses a radio frequency-enabled stopwatch to identify the authorized user so no one else can fire it. Ms. Padilla and the manufacturer she works for, Armatix, intended to make the weapon the first “smart gun” for sale in the United States.

But shortly after Armatix went public with its plans to start selling in Southern California, Ms. Padilla, a fast-talking, hard-charging Beverly Hills businesswoman who leads the company’s fledgling American division, encountered the same uproar that has stopped gun control advocates, Congress, President Obama and lawmakers across the country as they seek to pass tougher laws and promote new technologies they contend will lead to fewer firearms deaths.

Lately, there has been little standing in the way of the muscle of the gun lobby, whose advocates recently derailed Mr. Obama’s nominee for surgeon general, Vivek Murthy, a Boston doctor who has expressed alarm about the frequency of shooting deaths.

And despite support from the Obama administration and the promise of investment from Silicon Valley, guns with owner-recognition technology remain shut out of the market today.

“Right now, unfortunately, these organizations that are scaring everybody have the power,” Ms. Padilla said. “All we’re doing is providing extra levels of safety to your individual right to bear arms. And if you don’t want our gun, don’t buy it. It’s not for everyone.”

In Georgia on Wednesday, Gov. Nathan Deal signed into law a bill that allows people to carry guns in bars, government buildings and even some churches. The National Rifle Association called the measure historic.

In West Virginia, one of several Read the rest of this entry »

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Fun-n-Easy Guessing Game… of International Intrigue

Posted by Warm Southern Breeze on Monday, April 28, 2014

Hey kiddos!

Here’s a funneasy guessing game!
(Emphasis on “easy.”)

Don’t be scared or intimidated by the fill-in-the-blanks.
(Which appear as _?nation?_.)

It’s really only two answers.
(The other answer is _?currency?_.)

HINT: (None of which are “United States.”)
FROM:

The CIA World Factbook

The _?nation?_ economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, _?_ had experienced more than 20 years of continued economic growth, averaging 3.5% a year.

Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high _?currency?_ has hurt the manufacturing sector, while the services sector is the largest part of the _?nation?_  economy, accounting for about 70% of GDP and 75% of jobs.

_?nation?_ was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control.

_?nation?_ has benefited from a dramatic surge in its terms of trade in recent years, stemming from Read the rest of this entry »

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Congressional Budget Office: Offshore Corporate Tax Havens Cost each Citizen $1259

Posted by Warm Southern Breeze on Thursday, April 17, 2014

Historically, our nation has prospered when tax rates on the ULTRA wealthy and corporations were highest.

In the period following World War II, under President Dwight David Eisenhower – a Republican, and former Supreme Allied Commander / 5ive Star General – Corporate Tax rates have continually declined.

Now, during the Obama administration, they are at the LOWEST they have EVER been.

Corporate Income Tax Rates have continually declined

Corporate Income Tax Rates have continually declined the peaked during the Eisenhower administration. The formula is: b/(a+b) Where (a) Corporate Profits After Tax (without IVA and CCAdj), Billions of Dollars, Seasonally Adjusted Annual Rate (CP); And (b) Federal Government: Tax Receipts on Corporate Income, Billions of Dollars, Not Seasonally Adjusted (FCTAX)

Tax Havens Leave U.S. Filers $1,259 Tab Each, Report Says

U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.

Tax haven abusers benefit from America’s markets, public infrastructure, educated workforce, security and rule of law -– all supported in one way or another by tax dollars -– but they avoid paying for these benefits,” U.S. Public Interest Research Group said in the report released today, the deadline for filing 2013 taxes.
ref: http://www.uspirg.org/reports/usp/picking-tab-2014

“Instead, ordinary taxpayers end up picking up the tab, either in the form of higher taxes, cuts to public spending priorities, or increases to the federal debt,” it said.

In total, the U.S. loses $150 billion in federal revenue and another $34 billion in state revenue annually because of money parked in tax havens, the Boston-based consumer advocacy group concluded.

That’s almost Read the rest of this entry »

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Perspective – By the Numbers: How has Job Loss under Governor Bentley & the GOP affected Alabama?

Posted by Warm Southern Breeze on Monday, April 14, 2014

It’s easy to talk about “the jobs situation” in Alabama. It’s especially easier to talk about it when it doesn’t affect you… directly. It’s like armchair quarterbacking.

There’s probably much truth to the statement that Alabama’s legislators aren’t directly affected by job loss in the state. They have jobs. As musician Steve Miller sang in his song “Take the Money and Run,” they make their “living off other people’s taxes.” That goes for Republicans AND Democrats. Such an observation, of course, is not to demean those who do “make their living off other people’s taxes,” because our military, public safety and others vital to our local, state and national well-being are among them. It is however, an acknowledgment of, and call to responsibility – not merely accountability – because accountability is the only remnant once responsibility has departed. And that is how the “Blame Game” is played.

In the previous entry entitled “Analysis – Examining the Record: Is Alabama Governor Bentley a “Jobs Creator” or a Drag on the State Economy?,” we looked at facts & figures about job loss & job creation during Governor Bentley’s administration.

In this entry, we examine some details on the extent of the damage done to families & individuals under his administration.

And so, let’s again refer to some previously-mentioned facts & figures, and introduce some new ones so that we can better understand the nature, scope and and extent of the situation, and corresponding problems Read the rest of this entry »

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Analysis – Examining the Record: Is Alabama Governor Bentley a “Jobs Creator” or a Drag on the State Economy?

Posted by Warm Southern Breeze on Saturday, April 12, 2014

When campaigning for the office of Alabama’s Governor, Robert Bentley – a retired dermatologist physician who at the time was an elected representative from Tuscaloosa County – promised if elected governor that, “I will forgo a salary as state representative for the rest of my term and will not accept a salary as Governor until Alabama reaches full employment.”
ref: http://blog.al.com/spotnews/2010/06/robert_bentley_extends_no-sala.html

When pressed on the matter, he later defined “full employment” as having state unemployment somewhere around 5%. It is a promise to which, as of the date of this entry – 12 April 2014 – he has kept. In other words, Alabama has NOT reached “full employment,” and he has not been paid a salary. He has, however, been compensated for out-of-pocket expenses (the governor’s office has a budget, so why would he personally have any such expenses for work in an official capacity?), though he has received – as legislator, a legally-mandated $1.00 per month salary. Since his election to the governorship, he has not received a salary.

Let’s examine Governor Bentley‘s employment record.

During Governor Robert Bentley’s watch, International Paper – the large paper mill formerly known as Champion Paper, in Courtland, and the largest employer in Lawrence County – closed and cost the area economy & state 1100 jobs. Those jobs were Read the rest of this entry »

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BIG OIL’s Corrupting Influence in American Politics: Propping up Corrupt Regimes to Prop Up Profits

Posted by Warm Southern Breeze on Friday, March 7, 2014

Report

Slick Moves

The SEC could help tackle corruption in resource-rich countries around the world — but the oil industry is getting in the way.

Angola, Africa’s second-largest oil producer, is regarded as one of the most corrupt countries in the world. And American oil lobbyists are only making the situation worse: They are exploiting Angola by seeking to delay and weaken the implementation of a crucial U.S. transparency law.

That law, Section 1504 of the Dodd-Frank Act, also known as the Cardin-Lugar amendment, promises a breakthrough in preventing dirty deals and illicit payments being made for natural resources around the world, similar to the shady transaction recently uncovered by Foreign Policy. If implemented fully, the law would make U.S. oil and mining companies disclose the payments they make to governments across the world, including in Angola. However, oil lobbyists have been making misguided arguments that laws in Angola and three other countries prevent the required disclosures.

Off Shore Oil Drilling Rig

Off Shore Oil Drilling Rig – MARTIN BUREAU/AFP/Getty Images

Angolan officials secretly profiting from the country’s oil riches is not a surprise. It is only the latest episode in a sad history that goes back for decades. Global Witness, where we work, began exposing the complicity of the international oil and banking industries in the plundering of state assets during Angola’s 40-year civil war in our 1999 report A Crude Awakening. This was followed by our 2002 report All the Presidents’ Men, which called on the oil companies operating in Angola to “Publish What You Pay” (PWYP). Under this rallying call, Global Witness co-launched the PWYP campaign, which is now an international coalition of more than 790 civil society organizations in over 60 countries, including Angola, advocating for transparency laws such as Section 1504.

These efforts are intended to prevent scandals similar to the Trafigura deal covered in Foreign Policy, which provide a glimpse of the endemic corruption in Angola‘s oil industry. Only a few days before Foreign Policy published its story, media reports about leaked documents relating to other corruption claims caused the share price of SBM Offshore, a Dutch oil services company operating in Angola, to plummet 17.9 percent when markets opened. SBM released a statement challenging the validity of the leaked documents, saying that they are partial, taken out of context, contain outdated information, and are not representative of the facts. SBM had also already disclosed to its investors that it was conducting an internal investigation into questionable payments in Angola. However, the dramatic stock drop suggests that SBM investors had not anticipated the scale of the corruption risk exposure.

Another oil services company active in Angola, Weatherford International, which is listed on the New York Stock Exchange and headquartered in Switzerland, has recently pleaded guilty to violations of the U.S. Foreign Corrupt Practices Act (FCPA), including bribery of the executives of Sonangol, Angola’s state oil company. It has agreed to pay fines of $253 million to settle the case, one of the largest FCPA settlements ever.

These cases illustrate the urgent need for transparency in Angola’s oil sector. The successful implementation of Read the rest of this entry »

Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Alabama Lawmaker Arthur Orr has Big Idea to Destroy State’s Competitive Business

Posted by Warm Southern Breeze on Wednesday, November 13, 2013

Alabama State Senator Arthur Orr (R, Decatur) has proposed eliminating the Alcoholic Beverage Control Board‘s retail outlets statewide.

Senator Orr represents the Third District, which includes Morgan, Madison and Limestone counties in the Alabama State Senate.

He attempts to justify his position by asking a rhetorical question, on pretense of being modern: “The fundamental question, I think, for us as legislators and as a state, is, should the state of Alabama Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

How much can one employee’s bad attitude cost? How about $360,000/yr?

Posted by Warm Southern Breeze on Tuesday, September 3, 2013

I’ve decided to take a different track with this entry.

I choose to grocery shop at Kroger.

I don’t grocery shop at Wal-Mart. I don’t grocery shop at Publix. I don’t grocery shop at Winn-Dixie. For the most part, I don’t regularly grocery shop at local Mom & Pop grocery stores, though on occasion, I have. On occasion, I do shop at Aldi. I don’t shop at Sav-a-Lot. On rare occasion, I have shopped at various local ethnic grocery markets for specialty items. But on the whole, I do the exceeding majority of my grocery shopping at Kroger.

I have grocery shopped at Kroger for well over 10 years. In the Tennessee city where I’ve resided for the past year, there is Read the rest of this entry »

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Offshoring American Enterprise: Good, Bad, or Indifferent?

Posted by Warm Southern Breeze on Saturday, August 24, 2013

I may step on a few toes with my next remark, but I can always apologize, and ask forgiveness if it so be the case that my remarks are found offensive.

However, suffice it to say, that our nation’s Congress, has, for at least the past 20 years, or so – and even moreso in the past decade plus – embarked upon a very Read the rest of this entry »

Posted in - Business... None of yours, - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man? | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

 
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