Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘corporate’

How did we ever get into the mess we’re now in?

Posted by Warm Southern Breeze on Tuesday, October 29, 2019

Democratic Presidential nominee candidates Senators Bernie Sanders (VT) and Elizabeth Warren (MA) continue to make the case that corporate America has harmed, and continues harming, the very field upon which they sow the seeds of their profit.

They further make the case that such governmentally-approved behavior is not merely injurious, but is unsustainable – if not fatal – to those same corporations, and ultimately, to the American economy upon which it feeds.

Citing examples of such greed and rapacious corporate profiteering by their über-wealthy owners and Wall Street overlords (to whom they are fiscally accountable and must share profits), and in conjunction with misguided Federal tax policy (led almost in whole part by Republicans), Senators Warren and Sanders show how overseas and foreign “outsourcing” – all in the name of increased corporate profits – have damaged average American families, including the cities, towns, and states wherein they reside, whom have all witnessed and suffered from wholesale corporate abandonment to foreign soil.

Slow learners are discovering that America’s narsicisstic wealthy “businessman” president – whom they elected, hoping he would be their knight in shining armor coming to their economic rescue – has also sold them out for his own self interests, exactly like his party’s predecessors. They were merely expendable pawns whom he deceived in his egocentric reality show/chess game. They’re merely the red-capped collateral damage in his monkey-business trade war.

Nowhere are the result of such policies more
plainly and painfully evident than in middle America,
where once-thriving factories have become hollowed-out shells

the veritable rotting skeletal corporate detritus which has
fostered and driven
the Opioid Epidemic in many states.

Once-renown industrial cities like Detroit, where the Big Three of the automobile industry – Ford, Chrysler, and General Motors – reigned since the early 1900’s, and supplied high-paying Labor Union wages with genuine, and significant healthcare and retirement benefits to generations of families. Children attended well-funded public schools, states and cities prospered, thrived and expanded exponentially. Teens who chose to attend college or university did so without incurring debt, and training for technically-skilled jobs and labor was supported by almost all secondary schools.

Then, as if seemingly unnoticed, small things began to change. It was if America’s hard-working men and women, and middle-class families had become the proverbial frogs in a pot of water, never noticing the water temperature was increasing, until they were boiled to death… while yet alive.

Life-saving medications like insulin for diabetics, antibiotics to treat and cure once-deadly infections, blood pressure medications which reduced strokes and many other hypertension-associated health problems, even the plastic bags which contained Normal Saline – typically given as adjunctive intravenous therapy in hospitals – began to be manufactured overseas, and along with it, came precipitous price hikes. So-called “pharma bros” took shockingly unjust and unimaginably avaricious pecuniary advantage of old-line medications – which had for years been off-patent – and jacked up their prices 5000%, or more, which placed them out of reach for many whose very lives depended upon them.

The giant, sloppy, wet kiss given to the Pharmaceutical Industry by Republicans under President George W. Bush in Medicare Part D didn’t help. Pharmaceutical companies were allowed to, and did, raise their prices, and Medicare – the single largest purchaser of medications in the world – was forbidden from negotiating for better, lower prices by that same law, which in turn, passed the price increases along to the insured, most of whom live on nominal, and fixed incomes.

Exorbitant pharmaceuticals hold patients hostage to disease,
as hapless physicians and feckless regulators are
paralyzed to become
Wall Street extortionists’ socioeconomic ransom.

The Supreme Court’s 2010 ruling in “Citizens United v. Federal Election Commission” which solidified corporate personhood, and essentially said that “money is free speech” has neither helped. For if money was free speech, then the poor man would have none (thus violating the Constitution’s Equal Protection clause of the 14th Amendment, and the First Amendment which guarantees Freedom of Speech), and our laws were, and are, written for all equally.

Neither has the subsequent 2014 Alabama case McCutcheon v. Federal Election Commission which “struck down Read the rest of this entry »

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Size Matters: Neither The Congress Nor The Supreme Court Are Big Enough

Posted by Warm Southern Breeze on Saturday, September 22, 2018

Should we, as reasonable people, expect the size of our Congress – specifically, the House of Representatives – to be permanently fixed at 435 members, and never increase representation according to an increase in population? And with regard to the the Supreme Court, should only 5 people decide the fate of a nation, why not a few more, like 13 or 17?

What if I told you Congress needed about 1000 MORE Members of the House of Representatives? And, what if I told you the United States Supreme Court needs to have AT LEAST 13 Justices, and that THEY should choose from AMONG THEMSELVES the Chief Justice?

You don’t wear the same size clothing you did when you were aged 10, 15, or even 25. The People’s representation in our nation’s governance needs also needs to be properly fitted.

Having MORE Representatives would NOT cause “more logjam politics,” nor would it cause corruption, but instead, would significantly increase efficiency -and- the ease with which laws would get passed, and bad or old laws get eliminated or changed. Criminality is most often done in secret by a few. Rarely is criminal activity, even in organized crime, ever on a large scale like an army invasion. It’s always a little thing, like guerilla warfare. There were only 7 co-conspirators with President Richard M. Nixon in the criminal Watergate break-in, burglary, wiretapping, attempted cover-up, and resulting scandal. The pace at which our government moves is not merely unresponsively sluggish, it is deliberately and negligently slothful. It is being reasonably asked to do things we tell it to do, and in the process, being denied the resources – money, personnel, and time – necessary to perform those tasks. Government can, and should move much more quickly. And historically, it has.

Think of it this way:
You have three dogs, and one chicken bone. Throw it down and watch them fight.
You get two more chicken bones, and each dog has one. Problem solved.

Some would raise the matter of Constitutional interpretation in opposition to the idea, and think we should hold to a strict Constitutional interpretation – whatever “strict” is, or means – and it typically means that the modern thinkers imagine they can, and therefore attempt to conjure up a mind-reading session to interpret what the framers of the Constitution intended or hoped… even though they’ve been long dead. Sure, they gave us the Constitution, along with a means and method of updating it, which itself means that it’s not static, and can be changed. And it has been changed many times since its inception. It is a living document, not a dead one into which we attempt to blow the breath of life. It lives still.

Some think we can interpret the Constitution according to our unique needs, which the original framers could not have begun to fathom. And the fact is, that’s what we’ve always done. At least until the last 50 years, or so, until the time which gradually, the specious notion that smaller is better crept in under cover of negligence, and “downsizing” became part of the popular corporate and political vernacular. In effect, such talk is discussion is only about inefficiency, and how they have not effectively used the resources they have, nor planned appropriately.

There is no doubt that the framers of our Constitution could never have imagined that man would walk on the moon, that geosynchronous orbiting and interplanetary traveling satellites would tell us about our precise location on Earth, and our solar system, and that more than twice the computing power of history’s largest space rocket (Apollo V) could fit in your shirt pocket, or that our union would have well over 330,000,000 residents.

Button Gwinnett (1735–1777 was the first signer of the Constitution, and was later, briefly the Governor of Georgia.

And it goes without saying that Button Gwinnett, Samuel Adams, John Hancock, James Madison, George Washington, and others in their era, had no idea about antibiotics; they had no inkling that magnetic fields could peer deeply inside the human body to detect disorder; that dental implants and multi-organ transplants would exist; or that we would send a telescope to orbit our planet and peer deeply into the cosmos to see star systems hundreds of billions of light-years away -and- then replace it with an even better, significantly improved, more perfect one to see into the edges of the time -and- send a satellite hurtling toward the sun to learn more about the blazing fiery hydrogen fusion orb which is the center of our universe.

Artist’s 2009 rendering of the James Webb Space Telescope, which will replace the Hubble Space Telescope.

None of those things and more which we daily take for granted – such as GPS on smartphones – could have ever been imagined by our Founding Fathers… or their mothers, or children, and never were.

We are as different, and our needs are as immensely diverse from our nation’s founders as night is from day, and there is no reason why we should not “update” our government according to the manner for which it is prescribed.

In 2019, we have more patents, more copyrights, more inventions, more discoveries, more science, more creative works of myriad kind, and – of course – many, many, many, more people. Many!

If it was anything, it was but a pipe dream that one day, unmanned remote control aircraft could be silently flown around the world, eavesdrop on conversations, take pictures in the dark to deploy guided missiles, drop bombs, and kill people… and that we, on the opposite side of the globe, could watch it unfold live, as it happened, as if it were macabre modern gladiatorial entertainment.

Portrait of Robert Boyle (1627-1691), by German painter John Kerseboom (d.1708), which is publicly displayed at Gawthorpe Hall, in England.

In the age and era of the founding of our nation, the concept of microscopy and the cell theory was relatively new. Robert Hooke, considered the “father of microscopy” had just discovered cells in 1665, and Robert Boyle (Boyle’s Law) were contemporaries in 1662, while Sir Isaac Newton died in 1727 – a mere 60 years before our Constitution was written.

Benjamin Franklin didn’t publish his most famous experiment which used lightning and a kite to prove that lightning was electricity until 1750; Orville and Wilbur Wright didn’t get off the ground at Kitty Hawk until 1903; Alexander Fleming discovered the first antibiotic – penicillin – in 1928; and the planet Pluto wasn’t discovered until 1930!

We’re talking about 242 years ago, “when giants and dinosaurs roamed the Earth.”

In a way, our nation’s founders were giants, and yet, in another way, they were dinosaurs who could fathom no idea – not even a minuscule hint – and because of it, were literally clueless about the greatness that America would become.

To give them their due, however, their curiosity and liberality served them well then, and it serves us well now. Our form of government is, in the history of humanity, among the shortest-lived, but the most remarkable, and successful.

Congressional Coffee Hour (Senate). 2 May 1961, Blue Room, White House, Washington, D.C.; L-R: Senator Quentin Northrup Burdick-D, North Dakota (1908-1992); Senator Wayne Lyman Morse-D, Oregon (1900-1974); President John Fitzgerald Kennedy-D (1917-1963); Senator Thomas Henry Kuchel-R, California (1910-1994); Senator Hubert Horatio Humphrey-D, Minnesota (1911-1978); Senator Roman Lee Hruska-R, Nebraska (1904-1999); From the JFK Library; Photographer: Robert LeRoy Knudsen, (1929-1989)

In a sense, though while Greeks and Romans were inspirations, Americans perfected the three-branch bicameral democratic republic form of government. And we’re still perfecting it today. It’s part and parcel of that “in order to form a more perfect union” thing.

So, now it comes time to mention the obvious: While some loudly say government is too large, others say it is way too small to be either efficient or effective. I am among those in the latter camp, and will show and explain why as follows.

First, it’s preposterously absurd to imagine that a foundling nation with a total population which was then less than half the size that New York City is now, would, could, or should have a smaller government as it grew and matured. In the same way, no one wears the clothes they did as a 10-year-old child, and as adults, they purchase and/or make larger garments to suit their needs and wants. Similarly, no one should expect government to decrease in size.

More than anything, these matters speak directly to efficiency and effectiveness of government, which our nation’s founders also understood very well, which is also why 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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Smithfield Foods Chinese Pork Project is a Wall Street Happy Meal Deal: American Prices Will Increase

Posted by Warm Southern Breeze on Wednesday, May 29, 2013

If you like bacon, ham, pork sausage, barbecue, ribs, or any other pork product – including cold cuts & pizza – get ready to pay at least 2 – 4 times more, and for shortages.

Why?

Wall Street minions – who manage Smithfield, an American company no more – have no patriotic qualms about taking food off your table and out of your mouth to feed the mouths of the people who steal our nation’s military secrets, defraud our motion picture & music copyrights, and have an historical track record of Shanghai-ing anyone & everyone who gets in their way.

You think I’m kidding, or that I don’t know what I’m writing about?

Just recollect back a few months – oh, say about 7 – to Thanksgiving in November 2012 when pecans were 2x – 3x the price they were usually.

And why was that?

After all, pecan farmers had a record bumper crop… and that typically translates into lower prices for consumers.

It’s because the Chinese suddenly discovered they liked pecans, and were willing to pay premium prices (translate: much MORE then you’re willing to pay), and so the growers shipped pecans over to China.

As I continue to contend, IT’S ALL ABOUT THE MONEY.

Okay… so it may cost more. So what?

How about this?

Were you aware that the Chinese company that bought Smithfield sold pigs that had been fed a substance banned in the USA & England & other nations?

Yup.

Shuanghui Group, China’s largest meat processor, sold pigs fed Clenbuterol in 2011. Here are three links about the ordeal.

And, would it surprise you to find out that Goldman Sachs is one of the top investors?

1.) “According to Chinese government data, 18 outbreaks of food-related clenbuterol poisoning occurred between 1998 and 2007. The most recent report indicates one person died and more than 1,700 others fell ill.”

2.) “Meanwhile, at Jiyuan Shuanghui’s processing facilities, of the 689 pigs awaiting slaughter, 19 tested positive for clenbuterol. Shuanghui, which counts Goldman Sachs among its investors, has shut down the Jiyuan branch affected by the contamination so it can conduct its own inspection.”

3.) “And in recent months the additive has earned notoriety in China after a string of people got sick from eating pork products full of it. Hundreds took ill in one incident in March, and this week, 286 people in Hunan province after eating pork contaminated with ractopamine, a chemical very similar to clenbuterol. Chinese livestock farmers began using clenbuterol in pig feed in the late 1980s to boost growth and get animals to market faster, but it was banned in 2002 as the health risks of eating the meat became better understood. Clenbuterol-tainted meat dizziness, headaches, hand tremors, and other unpleasantness. It’s especially risky for people with heart troubles.”

Shuanghui Agrees to Acquire Smithfield Foods for $4.72B

By Shruti Date Singh and Jeffrey McCracken – May 29, 2013

Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. (SFD) for about $4.72 billion to boost supplies for the nation that’s the biggest consumer of the meat.

Closely held Shuanghui, parent of Henan Shuanghui Investment & Development Co. (000895), will pay $34 a share for the Smithfield, Virginia-based producer, both companies said today in a statement. The offer is 31 percent more than yesterday’s closing share price.

China’s consumption of pork is rising with the expansion of its middle class while there are questions being asked about the safety of the country’s food supply. Smithfield’s livestock unit is the world’s largest hog producer, bringing about 15.8 million of the animals to market a year, according to the company’s website. It owns 460 farms and has contracts with 2,100 others across 12 U.S. states.

The takeover is valued at $7.1 billion including debt, which would make it the largest Chinese takeover of a U.S. company, according to Read the rest of this entry »

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Hostess Twinkies go Bye-Bye… for now. But why? Who’s to blame?

Posted by Warm Southern Breeze on Saturday, November 17, 2012

Who’s to Blame for the Hostess Bankruptcy: Wall Street, Unions, or Carbs?

By Jordan Weissmann

Try all of the above.

There are two important things to realize about this rather sad situation. First: Twinkie, Wonder, and all the other high-calorie marvels of culinary science Hostess sells aren’t going to disappear from shelves for good. One of its competitors will likely swoop in, buy them up, and restart production. So you can stop bidding on $100 boxes of Sno Balls on eBay.


Hostess Brands, the maker of Twinkie and Wonder Bread, is getting ready to bake its last corn-syrupy snack cake. After failing to win major contract concessions from one of its key labor unions, the beleaguered 82-year-old company has asked a federal bankruptcy court for permission to start liquidating its assets — or, in real person speak, begin the process of selling off pieces of the company to the highest bidder while laying off most of its 18,500 workers. (Reuters)

Second: This is not a simple story that anybody should try to slot neatly into their political talking points. It’s not just about Wall Street preying on Main Street, or big bad labor unions sucking a wholesome American company dry. It’s about an entire galaxy of bad decisions that will cost many people their jobs and money.

As David Kaplan chronicled at length for Fortune earlier this year, the roots of this debacle go back to when Hostess entered its first bankruptcy in 2004. Not unlike the situation automakers would find themselves in a few years later, the company was collapsing under the weight of flagging sales, overly generous union contracts replete with ridiculous work rules, and gobs of debt. But unlike the automakers, the five years Hostess spent trying to fix itself in Chapter 11 didn’t fix its fundamental problems.

Instead, they set the stage for its eventual demise. A private equity company, Ripplewood Holdings, paid about $130 million dollars to take Hostess private, and the company’s two major unions, the Teamsters and the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union, sacrificed about $110 million in annual wages and benefits. But Read the rest of this entry »

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American Corporate Corruption: Wal-Mart Bribed Mexico Government Officials

Posted by Warm Southern Breeze on Sunday, April 22, 2012

Sam Walton spins in his grave.

It was only a matter of time, I suppose, before the eventual or inevitable happened.

Since the United States Supreme Court has ruled that corporations are persons, there should be no reasonable argument against arresting the corporation.

The problem is, how to do that?

The Chief Executives are not the corporation, so ostensibly, they couldn’t be arrested.

But then, could those Chief Executives be charged with criminal behavior for the actions of the corporation?

However, if we consider the The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. §§ 78dd-1, et seq.) which is part of the Securities Exchange Act of 1934, and the elimination of some of the most important provisions of the Glass-Steagall Act, we might wonder if Republicans would have any problem eliminating the FCPA, since it addresses accounting transparency requirements under the and bribery of foreign officials.

It will definitely be interesting to see how Congress decides to handle this case.

Wal-Mart Hushed Up a Vast Mexican Bribery Case

April 21, 2012
By

MEXICO CITY — In September 2005, a senior Wal-Mart lawyer received an alarming e-mail from a former executive at the company’s largest foreign subsidiary, Wal-Mart de Mexico. In the e-mail and follow-up conversations, the former executive described how Wal-Mart de Mexico had orchestrated a campaign of bribery to win market dominance. In its rush to build stores, he said, the company had paid bribes to obtain permits in virtually every corner of the country.

The former executive gave names, dates and bribe amounts. He knew so much, he explained, because for years he had been the lawyer in charge of obtaining construction permits for Wal-Mart de Mexico.

Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million. They also found documents showing that Wal-Mart de Mexico’s top executives not only knew about the payments, but had taken steps to conceal them from Wal-Mart’s headquarters in Bentonville, Ark. In a confidential report to his superiors, Wal-Mart’s lead investigator, a former F.B.I. special agent, summed up their initial findings this way: “There is reasonable suspicion to believe that Mexican and USA laws have been violated.”

The lead investigator recommended that Wal-Mart expand the investigation.

Instead, an examination by The New York Times found, Wal-Mart’s leaders shut it down.

Neither American nor Mexican law enforcement officials were notified. None of Wal-Mart de Mexico’s leaders were disciplined. Indeed, its chief executive, Eduardo Castro-Wright, identified by the former executive as the driving force behind years of bribery, was promoted to vice chairman of Wal-Mart in 2008. Until this article, the allegations and Wal-Mart’s investigation had never been publicly disclosed. Read the rest of this entry »

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Corporate Choir Crap

Posted by Warm Southern Breeze on Thursday, December 17, 2009

I sing in our parish choir. Though I’m a new member of the parish and choir, I’m not new to singing, having sung and been musical since a young child. As a matter of fact, I earned scholarship to attend university on the trumpet. So I definitely know my way around any musical rehearsal or activity.

Recently, we performed at “Santa’s Village,” a Christmas seasonal and decorative activity of Alabama’s Constitution Village in downtown Huntsville. As well, we’ve been “invited” to perform at “Bridge Street Town Centre,” a recently-constructed shopping center, er… excuse me, a “premier mixed-use lifestyle center,” adjacent Cummings Research Park.

Our choir director recently sent out an ‘oh, by the way…’ e-mail message stating in part that there was “some more info about… the release form that needs to be signed and returned” and that “you cannot perform without it.”

After browsing that SEVEN pages of corporate crap… I made the following observations and remarks.

  • “Performers are responsible for ensuring that their audience does not block customer traffic, access to vendor stalls, or cause a safety hazard.”

Should we bring our own bouncers, too? (Y’all keep in line, ’cause introducing…  “The St. Mary’s Bouncers!”)

  • “Juggling knives, swords, sharp sticks or other objects deemed dangerous are strictly prohibited. All dangerous activity will be stopped. Failure to comply will result in a call to Huntsville Police Department and removal from the grounds.”

Dang! There goes crowd control!

  • “Drinking of alcoholic beverages or performing while intoxicated or under the influence of controlled substances is prohibited.”

There goes having a beer with a sandwich, and wine with the meal.

  • “All signage displaying the name of the act must be professionally made or computer generated. They cannot be handwritten.”

For years, painters have hand-written signs all over this town and America. Would it be acceptable for a computer to print a hand-written font… say, Comic Sans or Chalkboard, for example, be acceptable? And what about Chinese or Japanese? That ancient and classic form of writing is one of the world’s highest forms of calligraphic art which is done exclusively by hand.

  • “I give permission to Bridge Street…. including… recordings or videos, without charge and without reservation, all or a portion of my story… I waive any rights…”

Nope. “Audemus jura nostra defendere.” It’s Alabama’s state motto, and means, “We dare defend our rights.” Women? Wanna give up that right to vote? Any non-white folks wanna’ voluntarily reduce themselves to the 1/3 person they were before Emancipation? Nope. I didn’t think so. I think I’ll keep my rights. Isn’t that what our troops are fighting for? Voluntary surrender our rights to some corporate mogul? I don’t think so.

  • “… will indemnify, defend with counsel acceptable to… Wells Fargo Bank…”

Wait just a dog-gone minute. Didn’t I pay for their bail-out? And now you want me to have legal counsel “acceptable to…” you? I don’t think so! What’s next? Perhaps my choice of breakfast food is not acceptable. We private citizens accept responsibility. Why can’t corporations?

You know, I’m all for singing and having a good time – such as what we enjoyed at Constitution Hall Village – and we weren’t required to so anything but show up and sing.

This is not fun.

Count me out.

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