The ECOreport reposts another Op-ED on the forces behind the US Election, Hilary Clinton’s Corporate America
Originally Published on TomDispatch
By Nomi Prins
As this endless election limps toward its last days, while spiraling into a bizarre duel over vote-rigging accusations, a deep sigh is undoubtedly in order. The entire process has been an emotionally draining, frustration-inducing, rage-inflaming spectacle of repellent form over shallow substance. For many, the third debate evoked fatigue. More worrying, there was again no discussion of how to prevent another financial crisis, an ominous possibility in the next presidency, whether Donald Trump or Hillary Clinton enters the Oval Office — given that nothing fundamental has been altered when it comes to Wall Street’s practices and predation.
Continue reading Hilary Clinton’s Corporate America
The ECOreport reposts another Op-Ed on the U.S. election, Donald Trump’s Art Of The Bad Deal
Originally Published on Tom Dispatch
By Tom Engelhardt
Donald Trump has long campaigned on the promise of running the country the way he’s run his businesses. On that basis, we essentially already know what it would mean if he entered the Oval Office and applied his personal business acumen to this nation (and the rest of the world). There’s a surprisingly full record to cite. Who can forget, for instance, what happened to his signature gambling resorts in Atlantic City? Who can forget their serial failures in what was still relatively good times in that city, including the repeated trips to bankruptcy court and the way he stiffed local contractors and suppliers, running them out of business? As Russ Buettner and Charles Bagli of the New York Times summed it up: “He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses, and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.”
Continue reading Trump’s “Art Of The Bad Deal”
The collapse of oil prices is part of a larger change in the World’s energy industry. Another Double hitter from Tomdispatch: Michael T. Klare’s ” Double-Dip Oil Rout” & Tom Engelhardt’s introductory Tomgram. They suggest companies like Enbridge, Kinder Morgan, TransCanada etc may be building pipelines to nowhere.
Originally Published on TomDispatch.Com
Tomgram: Michael Klare, Big Oil in Retreat
On July 14, 2011, at TomDispatch, Bill McKibben wrote that he and a few other “veteran environmentalists” had issued a call for activists to descend on the White House and “risk arrest to demand something simple and concrete from President Obama: that he refuse to grant a license for Keystone XL, a new pipeline from Alberta to the Gulf of Mexico that would vastly increase the flow of tar sands oil through the U.S., ensuring that the exploitation of Alberta’s tar sands will only increase.” It must have seemed like a long shot at the time, but McKibben urged the prospective demonstrators on, pointing out that “Alberta’s tar sands are the continent’s biggest carbon bomb,” especially “dirty” to produce and burn in terms of the release of carbon dioxide and so the heating of the planet.
Continue reading Building Pipelines To Nowhere
A double-hitter from Tom Dispatch.com: first an overall description of the wildfires that are plaguing the West Coast, then Subhankar Banerjee’s report on Fire at World’s End.
Tomgram: Subhankar Banerjee, Fire at World’s End
Normally, Americans love breaking records. (“We’re number one! We’re number one!”) But the latest records to come out of the National Oceanic and Atmospheric Administration should make anyone’s heart sink. Here’s how the World Meteorological Society put the news in a recent press release: “The globally averaged temperature over land and ocean surfaces for January to June 2015, as well as for the month of June, was the hottest such period on record.” June itself was a global record-setter for warmth, as had been May and March in this thermometer-busting year, and February might also have squeaked into the number-one spot in recorded history. If so, four of the six months of this year were uniquely, grimly warm. And batten down the hatches since this is now officially an El Niño year in which surface water temperatures in the tropical Pacific Ocean are heating up significantly, possibly to historic levels, and global weather and storm patterns could be affected in major ways.
Continue reading Fire at World’s End
“the new Republican plan to colonize Mexico and Canada, take on Putin and wreck the climate”
Editor’s Note: While I have difficulty believing the Republicans would frame it in these terms, famous energy author Michael Klare writes that the new Republican geopolitical strategy is “nothing less than a plan to convert Canada and Mexico into energy colonies of the United States, while creating a North American power bloc capable of aggressively taking on Russia, China and other foreign challengers”. He warns that this vision of a “North American energy fortress”, which Republican presidential hopefuls are already campaigning for, and which is strongly backed by ExxonMobil and other oil companies, will prove to be a “nightmare of environmental degradation and global conflict”.
Originally published by TomDispatch.com, reprinted by Energy Post
by Michael T. Klare
Continue reading North Americanism