CRAIG CLINE – On Sunday, November 11th, the Statesman Journal asked its readers to vote on “how they observe Veterans Day,†the legal holiday on which citizens honor all veterans of our armed forces. Interestingly, Veterans Day is observed on Armistice Day, the anniversary of the armistice (stopping of warfare by mutual agreement) of World War 1 in 1918.
Will Hurricane Sandy Save the World from Nuclear Catastrophe?
PETER G. COHEN – As of November, 2012, New York, New Jersey and other states are reeling from the overwhelming property damage done by the storm. At this point we cannot even estimate how many billions of dollars will be required to assist the devastated areas in their rebuilding, or the new and unknown infrastructure needed to reduce the damage of such storms in the future. What we do know is that without very substantial help from the already strained federal budget this highly productive area of the U.S. will be unable to rebuild itself for a long time.
My Sequel to We’re Not Broke
CHUCK SHEKETOFF – It doesn’t take too long for your blood to boil when watching We’re Not Broke. The documentary, which recently aired at the Salem Progressive Film Series (and, hopefully, will soon come to your neighborhood theater) shows how the corporate loophole lobby and its army of tax accountants have rigged the system, enabling corporations to avoid federal income taxes. As corporations stash away oodles of tax savings, some politicians claim that the country is “broke” and aim the budget ax at the social safety net.
“Nuclear Renaissance†Stumbles as Kewaunee Reactor Shuts Down
JOHN LA FORGE – With its October decision to end the Kewaunee nuclear power experiment on Wisconsin’s Lake Michigan shore, Dominion Resources has shown the over-hyped “nuclear renaissance†to be a “reactor reassessment.†Calling its decision final, Dominion said it will close the pressurized water reactor permanently next spring, store tons of ferociously radioactive waste onsite indefinitely, and send its workforce of 655 to unemployment lines in “phased layoffs.â€
Time for Obama to Break His Silence About Climate Change
TED GLICK – When did this silence begin? A piece in last week’s Guardian newspaper reminded me of how far back it goes, to a meeting the White House organized for leaders of environmental groups in March of 2009 at the Old Executive Office building next to the White House. At the meeting, according to the Guardian, aides to Obama made it clear that they did not plan to talk much about climate and wanted their supporters to do the same.
How Big Oil Spent Part of Its $90 Billion in Profits So Far in 2012
DANIEL J. WEISS and JACKIE WEIDMAN – Lingering high oil and gasoline prices contributed to another quarter of huge profits for the big five oil companies: BP plc, Chevron Corp, ConocoPhillips, ExxonMobil Corp, and the Royal Dutch Shell Group. They earned a combined $28 billion in the third quarter of 2012, reaping more than $90 billion in profits through the first three quarters of the year. (see Table 1) As they did last year, the “big five†are on track to easily exceed $100 billion in profits this year.