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

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.

• BY Zorka Milin , Barnaby Pace
• MARCH 7, 2014

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 – 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

In Defense of #Infrastructure Spending

At the federal level, TEApublican types have decried our national deficit, much – if not most – of which came about as a result of placing the price of a decade of warfare on a proverbial credit card. I refer, of course, to the Persian Gulf War, Gulf War II, Operation Desert Shield/Storm and the invasion of Afghanistan, etc., all of which occurred during the previous administration.

Compounding that problem was that corporate and personal income tax rates upon the wealthiest was cut, while simultaneously, the veritable house of cards was crumbling, having been built upon the miry, sinking sands of Wall Street deregulation & greed gone wild.

Nevertheless, as our nation has struggled and clawed its way back to some semblance of fiscal sanity, there have been voices arising whom assert that the federal government’s “bailout” of banks & other large, corporate enterprise has been a gross mistake, and that such a bailout should have never occurred. And, while there will doubtless be volumes written, and debates held about the good and the bad of the ordeal, what’s been done, has been done, and it’s practically all over, but the crying. So the only thing we can do now, is live & learn, and move on.

And yet, respecting one underlying problem which arose corollary to the matter, is the loss of jobs here at home. Again, it was complicated by ‘globalization,’ which – good, bad, or indifferent – is

Dumb Dope Smugglers Lose Little Load

From the third episode of “dumberer & more dumberer” comes this asinine item.

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Officials: Package at Daikin plant marijuana, not bomb

By Eric Fleischauer Staff Writer | Posted: Thursday, November 21, 2013 9:54 am

Authorities have determined a suspicious package attached to a rail car in Decatur was not a bomb but contained marijuana, Morgan County officials said.

The rail car contained toxic gas and was at the Daikin America plant on State Docks Road.

Investigators said they believe the marijuana had been on the rail car since it was in Mexico. They said the package was the size of a large telephone book and contained 1 to 2 kilograms of marijuana. They believe the rail car entered the United States in Brownsville, Texas.

The package was in the dome on top of the rail car. It was discovered when

Alabama High School Basketball Coach Denies Wrongdoing: 17-year-old Student Sex all started with “sexting”

Brian Scott Keeton, age 38, taught Math & was a Boys Basketball coach at Vina High School, in Franklin County, Alabama. He was arrested for having sex with a 17-year-old female student. He denies the charges.

Enough already!

But do notice the punishment – 2 to 20 years in prison upon conviction of the Class B felony.

The Alabama Lunchroom Lady “Cougar” got six months in jail, and 5 years probation.

Reckon what this Basketballing Math Teacher will get?

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Second Vina teacher arrested for alleged affair with student

Published 4:38pm Wednesday, November 13, 2013

VINA – The Vina High School boys basketball coach became the second faculty member from the school in less than a week to be arrested for an alleged sexual relationship with a student, officials said.

Brian Scott Keeton, 38, 73 Lost Creek Lane, Carbon Hill, was arrested Wednesday afternoon and charged with one count of being a school employee engaging in a sexual act with a student under the age of 19, which is a Class B felony punishable by two to 20 years in prison if convicted.

This arrest comes only five days after Vina physical education teacher Sonny Dewaine Tibbs, 35, of Hamilton, was arrested on

Alabama Lunchroom Lady Cops Plea: 46 year-old “cougar” pleads guilty to sex with high school student

At what point must we acknowledge that in many sex crimes cases, women are punished differently than men?

Six months in jail, to be followed by five years probation?

If that’s not a joke, I don’t know what is.

Is such different treatment not a violation of the United States Constitution’s Fourteenth Amendment’s Equal Protection Clause?

See Michelle Coker Taylor’s Arrest & Booking record with the Fayette County, Alabama Sheriff’s  here:
https://creator.zoho.com/sheriff3201/inmates-applicantion/record-print/Inmates_View/947281000000264007/

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Michelle Coker Taylor, 46, pleaded guilty to having sex with a student while she worked in the cafeteria of Fayette County High School and began her six month stay in jail for that crime last week. (Fayette County Sheriff’s Office)

Ex-Fayette school cafeteria worker pleads guilty to having sex with student

Michelle Coker Taylor to serve six months of 20-year term, then 5 years on probation

Former Fayette County school system employee Michelle Taylor has pleaded guilty to criminal charges for having sex with a student.

Published: Tuesday, November 5, 2013 at 3:30 a.m.
Last Modified: Monday, November 4, 2013 at 11:50 p.m.

A former Fayette County school system employee has pleaded guilty to criminal charges of having sex with a student, according to a news release from Chris McCool, district attorney for the 24th Judicial Circuit District.

Michelle Coker Taylor, 46, was sentenced to

How many NSA agents does it take to screw in a light bulb?

How many NSA agents does it take to screw in a light bulb?

The reader will take note of the following:
The Federal agencies involved – ICE & HSI – discovered a violation of law secondary to another investigation.
“Law enforcement authorities discovered Smiths’ email… during an investigation into the individual in the other state.”

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News Releases

August 15, 2013
Orlando, FL

Volusia County man pleads guilty to child pornography charges

ORLANDO, Fla. — A Port Orange man pleaded guilty Tuesday to distribution of child pornography and possession of child pornography. The guilty plea resulted from an investigation by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) with assistance from the Brevard County Sheriff’s Office.

According to court documents, on July 31, 2012, Tyler Andrew Smith, 23, sent an email

Fighting Fire with Fire: Standing on ALERT for more SPAM

For your perusal, ladies and gentlemen.

Behold the SPAM.

Recall that earlier, I’d shared tips on how to detect SPAM.

Bad speling, poor gramur, same IP address, some kind of store, and often asking for something – such as other social media locations.

Here, in this instance, notice the Time Stamp, the

Cullman Alabama Used Car Dealer Pleads Guilty: Cheated Active Duty National Guardsman, Violated Servicemembers Civil Relief Act

Reverend Carl Ralph Nuss, Cullman, Alabama, has plead GUILTY to violating Federal Law – Servicemembers Civil Relief Act.

This is how he treats our troops?

I have nothing good to say about this, save that he plead guilty.

I hope the judge gives this criminal the maximum sentence.

And you know what else is REALLY sad?

Reverend Carl R. Nuss

Carl R. Nuss is a minister of the Gospel.

Apparently – and sadly so – he doesn’t know the Gospel too well.

Hopefully, this criminal and his criminal enterprise will soon be put out of business.

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Cullman Car Dealer Pleads Guilty to Violating Legal Protections for Active-Duty Service Members

FOR IMMEDIATE RELEASE

June 27, 2013

BIRMINGHAM – A Cullman used car dealer pleaded guilty today for violating federal protections for active-duty military service members by refusing to reduce the loan interest rate and repossessing the vehicle he sold to a man who was later deployed overseas with the Alabama National Guard, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Richard D. Schwein Jr.

CARL RALPH NUSS, 75, entered his guilty plea before U.S. Magistrate Judge Harwell G. Davis III to the two counts of the March indictment charging him with violating

How Honest is Your Doctor?

If you had an option, would you rather pay $10/month, or $80/month for a prescription medication that accomplished/did the exact same thing?

Research shows that the results of the 2 differently priced medicines have never been shown to be any better in any way.

Which would you choose?

Why?

What if your doctor prescribed the more expensive medication for you based on the fact that

Deep Data Mining & Personal Privacy: The NSA has NOTHING on BIG BUSINESS

Much ado about nothing.

That’s how I describe the recent ruckus & hullabaloo made about the recent UK news story that “revealed” the U.S. National Security Agency is “spying” on American citizens at home.

The reality is, that the information the NSA is creating is called “metadata,” is a set of data that describes & gives information about other data. Phone numbers called, dates, times & length of calls is NOTHING by comparison to what BIG BUSINESS knows about us already.

Why do you get certain junk mail?

Ever got junk mail from the AARP?

If you’re near age 50, or older, you probably already have.

Ever gotten junk mail from Social Security, Medicare, FDIC, or even your Congressman or Senator?

I dare say you have NEVER.

When you bought your car, if you borrowed money to purchase it, the bank or credit union which loaned the money to you performed a background credit check on you before they loaned their money to you.

Where do you think they got such information? The federal government?

Please… don’t insult my intelligence.

When you applied for a credit card, did you happen to list your age or birthdate on the application?

What about the life, health, auto, or house insurance policies you have? Did you mention your relationship status, number of children, their ages, specifics of your health including medicines, treatments, surgeries, income & source, length of residency, height, weight, or even the size, color & consistency of your last bowel movement?

I would imagine the answer to ALL those questions – at one time or another – has been “yes.”

And yet, unless you’ve served in the Armed Services, or as a

Magic City Brewfest: Renewed excitement in 7th year with passage of Alabama’s Homebrew Law

Wonderful! Wonderful! Wonderful!
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Moylan’s Kilt Lifter is poured during the 2013 Magic City Brewfest, Friday, May 31, 2013. (Tamika Moore | tmoore@al.com)

Cheers to beers: Alabama raises a glass to home-brew, Brewfest and craft breweries

(Gallery by Tamika Moore | tmoore@al.com)

By Kathryn Tuggle | ktuggle@al.com
Follow on Twitter
on June 02, 2013 at 8:56 AM, updated June 02, 2013 at 9:39 AM

This weekend Birmingham played host to a sold-out Magic City Brewfest at Sloss Furnace, featuring more than 200 different beers from more than 70 craft brew­eries around the nation. Although 2013 marked the seventh annual Brewfest, it was the first since home­brew became legal in Alabama, thanks to legislation passed in May.

Because home-brewers in Alabama can now share recipes and bond over their successes and struggles, Brewfest has a renewed “electricity” in the air, said Gabe Harris, president of Free the Hops, the grassroots non­profit that worked to help pass the home­brew bill.

“It feels great to have home-brew legal in Alabama,” Harris said. “Every craft brewer at Brewfest started out as a home-brewer, and everyone is really excited to be here this year.”

Because craft brewers across the state feel passionately about spreading the home­brew “gospel,” the Home-brew Association set up a tent at Brewfest specifically to edu­cate people about the brewing process.

“We’ve had tons of peo­ple at the tent asking some really intelligent questions,” Harris said.

Spencer Overton, home­brew manager at Birming­ham brewery and bar Hop City, said Birmingham is now on the “cutting edge” of craft beer.

Alabama Legislature OK’d tax money for private schools. Now Governor Bentley backpedals.

The Texas State Legislature doesn’t think public tax dollar$ should go to private schools.

But Alabama’s State Legislature just OK’d & Governor Bentley signed the Alabama Accountability Act of 2013 (HB 84), aka the School Flexibility Bill, aka the Private School Voucher Act.

http://educationblog.dallasnews.com/2013/04/house-votes-to-bar-state-funding-for-private-school-vouchers.html/

Criticizing the President: This one’s on Obama

This OpEd is probably some of the best, and most genuinely warranted criticism of President Obama which I’ve yet read.

As late former president Theodore Roosevelt wrote:
“The President is merely the most important among a large number of public servants. He should be supported or opposed exactly to the degree which is warranted by his good conduct or bad conduct, his efficiency or inefficiency in rendering loyal, able, and disinterested service to the nation as a whole. Therefore it is absolutely necessary that there should be full liberty to tell the truth about his acts, and this means that it is exactly necessary to blame him when he does wrong as to praise him when he does right. Any other attitude in an American citizen is both base and servile. To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.* Nothing but the truth should be spoken about him or any one else. But it is even more important to tell the truth, pleasant or unpleasant, about him than about any one else.”

-Theodore Roosevelt’s OpEd Column entitled “Sedition, A Free Press and Personal Rule” published May 7, 1918 in the Kansas City Star

*Roosevelt’s sharp criticism of President Wilson‘s leadership during World War I led the Post Office to warn that the Star that such views might cost the paper its second-class mailing privileges.

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Obama A Big Hypocrite? Ask Legal Schnauzer, Roger Shuler

By Joan Brunwasser (about the author)     Permalink
Life Arts 5/18/2013 at 22:24:54

My guest today is Legal Schnauzer, Roger Shuler. Welcome back to OpEdNews, Roger. 

JB: Your recent piece The President Paints Himself Into An Ethical Corner By Voicing Outrage Over Evolving Scandal At The IRS  is pretty scathing. What’s got you so upset?

RS: In early January 2009, just a few days before he took office, President-Elect Obama said he intended to “look forward, as opposed to looking backwards” on apparent crimes under the Bush administration. As president, Obama seems to have followed through on that pledge because his Justice Department has failed to review political prosecutions such as the one involving former Governor Don Siegelman in Alabama, where I live.

Political prosecutions, of course, were just of one of many improper acts on the justice front during the Bush years–torture, warrantless wiretapping, firings of U.S. attorneys were among the others. In essence, Obama issued a decree that no one would be held accountable for those acts.

Obama’s “look forward” statement made no sense at the time, and it makes even less sense now, coming after he expressed outrage the other day over disclosures about the IRS targeting conservative groups for political reasons. Obama said in a news conference that he would not “tolerate” such actions, that wrongdoers must be held “accountable,” and the problem must be “fixed.”

But his inaction toward the DOJ shows that he will tolerate the targeting of political opponents, that he will not hold individuals accountable for such actions, and he will not take steps to fix the problem. Obama was uttering empty words at his press conference about the IRS. Many of us expect that from a Republican chief executive; we should demand better from a Democrat.

JB: For readers unfamiliar with the Siegelman case, Roger, can you give us a brief overview of what happened and why anyone outside of Alabama should care? It didn’t happen under Obama’s watch so how can he be blamed?

RS: Don Siegelman was a Democratic governor in a deep-red state, a state where Karl Rove has a strong power base. Siegelman accepted a campaign donation from a businessman named Richard Scrushy, and then appointed Scrushy to a health-care regulatory board–a board on which Scrushy had served under three previous governors.

The standard for a bribery conviction in the campaign-donation context is that the prosecution must prove an “explicit agreement” in a something-for-something deal (known in legalese as a “quid pro quo.”) No evidence at trial pointed to such an unlawful deal, and the federal judge presiding over the case (a George W. Bush appointee named Mark Fuller) gave incorrect jury instructions that did not include the “explicit agreement” requirement. He allowed the jury to

Alabama Republican Introduces Bill to Eliminate Overtime Pay

I wouldn’t have believed it had I not read it for myself from the official Congressional website.

U.S. Representative Martha Roby, a Republican from Alabama’s 2d Congressional District has introduced H.R. 1406, officially named the “Working Families Flexibility Act of 2013″ which would END the requirement of the Fair Labor Standards Act for employers to pay Time-and-a-Half to employees for every hour worked over 40 in one week.

http://beta.congress.gov/bill/113th-congress/house-bill/1406

The Congressional Budget Office has reported on the bill, and in part wrote that:

Gay Marriage, Civil Union, Domestic Partnership, Marriage and Civil Rights

What you’re about to read is NOT about religion.

For a brief moment – if you can – set aside a religious mindset (if you have one) about homosexuality.

As an ‘institution,’ marriage confers legal benefits to each spouse which are enforceable in courts of law in all 50 states.

For example, the following is a partial list of legal benefits

Official Sources: Huntsville Hospital gets low patient safety rating, patients’ lives at risk

Realistically, what does that mean for you, your loved ones or friends if – God forbid – they’re hospitalized at Huntsville Hospital?

It means that when you, your loved ones’ or friends’ are a patient in the hospital, you or they could get an infection, or some other serious bug or problem while being treated for something else entirely different. And by so doing, it could make your stay more unpleasant, and in fact, could increase the risk of complications of your treatment – up to, and including your death – was well as increase the length of your stay, among other factors.

What does that mean for the Hospital?

Because insurance companies and Medicare/Medicaid have STOPPED paying for the treatment of preventable problems that are a direct result of hospitalization, it means that Huntsville Hospital will be stuck with the bill (the costs of treating their own mistakes upon you while you’re there)… and will try to pass the cost along to you to recoup the cost of the loss, which is a DIRECT result of their own sloppiness.

Huntsville Hospital has essentially become a monopolistic monstrosity of an enterprise, gobbling up numerous hospitals in the North Alabama region, including BOTH hospitals in Decatur, the only hospital in Athens, the only hospital in Red Bay, Helen Keller Hospital in Tuscumbia area of the Shoals, and the only hospital in Lawrence county.

Meanwhile, Huntsville hospital has fought tooth-and-nail to keep other hospitals OUT of competition in the Huntsville market, and spent untold millions of dollars in a protracted legal battle against Crestwood Hospital – and continues to spend millions to prevent Crestwood Hospital from offering services that would benefit the entire city and county.

Such anti-competitive practice has all been accomplished by and through the state of Alabama‘s Certificate Of Need Board.

The commentary of Mr. Burr Ingram – Huntsville Hospital’s official mouthpiece – which is contained in this article is entirely and wholly unwarranted, and weasel-like.

Not only that, but Huntsville Hospital is NOT a Nursing Magnet Hospital.

There are many things Huntsville Hospital is not.

And sadly, quality is one of them.

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Watchdog Report: Consumer Reports gives both hospitals in Huntsville low safety ratings

Published: Thursday, July 12, 2012, 9:06 AM     Updated: Thursday, July 12, 2012, 9:30 AM

By Challen Stephens, The Huntsville Times

HUNTSVILLE, Alabama – Consumer Reports magazine ranked the two hospitals in Huntsville as the least safe in Alabama. But the magazine’s list of hospitals is far from complete.

“We were kind of perplexed at some of what it reported,” said Burr Ingram, spokesman at Huntsville Hospital. “When you think about it, it’s fashionable for everyone to rate hospitals. And Consumer Reports is the latest to use public data that is available.

“But at times, it’s difficult to know how these ratings come about.”

Huntsville Hospital, The Huntsville Times

The magazine’s August edition lists scores in four safety categories. Both Huntsville Hospital and Crestwood Medical Center received low marks for poor communication with patients and for high rates of infection. Both received mediocre marks for high rates of re-admission and unnecessary scans.

Yet the report ranked

Alabama State House Committee OKs Home Brew Bill

Finally!

Little by little, in some regard, Alabama is moving into the 21st century.

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House committee approves bill that would legalize home brewing of beer

By Mike Cason | mcason@al.com
February 20, 2013 at 5:35 PM

MONTGOMERY, Alabama — The House Economic Development and Tourism Committee today approved a bill that would allow those 21 and older to make home brewed beer, wine, mead and cider for personal use.

Rep. Mac McCutcheon, R-Huntsville. (Robin Conn/The Huntsville Times) 

The bill, by Rep. Mac McCutcheon, R-Huntsville, would limit the total production to 15 gallons every three months.

The committee approved the bill after a public hearing, putting it in position for consideration by the House of Representatives.

Several home brewing enthusiasts spoke in favor of the bill.

Jason Sledd of Huntsville told the committee he took up home brewing as a hobby last year.

“At the time, I had no idea what I was doing was illegal in the state of Alabama,” Sledd said.

Sledd said he learned home brewing was illegal after joining a home brewers club.

Rep. Berry Forte, D-Eufaula, said he was opposed to the use of alcohol because of what it had done to some family members. He asked Sledd whether he brewed beer in front of his children.

Sledd said he did, and said he was teaching them the responsible way to use alcohol.

“They will have years of experience of seeing an adult drink alcohol and not being intoxicated,” Sledd said.

Joe Godfrey, executive director of ALCAP,

Ronald Reagan on carrying loaded firearms in public

“Americans don’t go around carrying guns with the idea they’re using them to influence other Americans. There’s no reason why a citizen should be carrying loaded weapons.”

-Ronald Reagan, then Governor of California, speaking in Sacramento, California, Tuesday, May 2, 1967, after “a dozen of the armed youth – members of

Supreme Court Chief Justice John Roberts Blasts Congressional Budget Impasse: Condemns “Fiscal Cliff”

This is the complete text of the Supreme Court’s Year-End Report on the Federal Judiciary.

The document itself is available as a PDF document via: http://www.supremecourt.gov/publicinfo/year-end/2012year-endreport.pdf

Page breaks and page numbers are annotated at the bottom of the page enumerated beginning with page 2.

Note: The links provided in this version are NOT part of the original version.

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EMBARGOED until 6 p.m. E.S.T. December 31, 2012 (No wires, no broadcasts, no Internet until 6 p.m. E.S.T.)

For further information, contact the Public Information Office 202-479-3211

2012 Year-End Report on the Federal Judiciary

Imagine a young seaman, two hundred years ago, standing night watch at the rail of an American frigate. Just one generation removed from the war for independence, he finds his Nation once again squaring off in battle with Great Britain, the world’s preeminent sea power. The sailor has ample reason to be anxious. Britain’s Royal Navy includes 115 ships of the line and 126 frigates, while the United States Navy consists of only 17 vessels. Perhaps the seaman musters confidence from the name of his ship: USS Constitution.

Named by President Washington himself, the Constitution was one of six frigates Congress authorized in 1794 to bolster the fledging United States Navy. The name was apt. The ship’s designer, Joshua Humphreys, drew on venerable Old World principles and New World ingenuity to engineer a nautical vessel uniquely suited to the country’s needs. Like the Framers, Humphreys produced an American original. He fashioned a ship long on keel but tight of beam. Constructed from frontier timber and copper bolts

forged by Paul Revere, the Constitution was durable but economical, nimble yet powerful. Christened with a bottle of madeira—the favorite beverage of future Chief Justice John Marshall— she launched on October 21, 1797.

During her early years, the Constitution patrolled the eastern seaboard and saw action in the Caribbean and along the Barbary Coast. But she became the stuff of legends two hundred years ago, at the outbreak of the War of 1812. Called into battle off the coast of Nova Scotia on August 19, the Constitution engaged and decisively defeated the British warship HMS Guerriere. The American ship’s sturdy oak hull repelled the Guerriere’s 18-pound cannon balls, earning her the nickname “Old Ironsides.” Four months later, the Constitution repeated the feat off the coast of Brazil. On December 29, she traded broadsides with HMS Java and reduced the British ship to an unsalvageable wreck.

The War of 1812 was fought over a wide field of battle. Measured against the whole war effort, the Constitution’s unexpected victories did not play a decisive role in the outcome of the conflict. But facing long odds, she did her part and did it well. The triumphs of Old Ironsides boosted America’s sagging morale during the early days of the war. Her exploits were celebrated in the paintings of Thomas Birch, the poetry of Oliver Wendell Holmes, Sr., and the prose of James Fenimore Cooper. Through

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

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