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Transocean hails ‘best year’ in safety, gives execs bonuses, despite Gulf spill
The company that owns the now-infamous Deepwater Horizon, the oil rig that caused immeasurable damage to the Gulf, recently applauded itself for the “best year in safety performance in our Company’s history.” The company, Transocean Ltd., rewarded its executives millions in bonuses for the achievement, according to the annual report…
In ‘message’ to big business, Maine governor LePage orders labor mural removed
Exclusive update: Artist ‘disappointed’ by decision The Republican governor of Maine has a wild idea: displace history to make the state appear more friendly to wealth. That’s precisely what Gov. Paul LePage has ordered. In the state’s Department of Labor building, a 36-foot mural depicting the history of labor movements…
‘Hydro-diplomacy’ needed to avert Arab water wars
OSLO (Reuters) – The United Nations should promote “hydro-diplomacy” to defuse any tensions over water in regions like the Middle East and North Africa where scarce supplies have the potential to spark future conflicts, experts said Sunday. They said the U.N. Security Council should work out ways to bolster cooperation over water in shared lakes or rivers, from the Mekong to…
Tokyo stocks drop 5% in first opening since quake
Tokyo shares fell 5.2 percent on Monday in their first opening since Friday, when Japan was struck by the biggest earthquake in its history and a devastating tsunami. The Nikkei index of the Tokyo Stock Exchange fell 540.39 points, a 4 percent drop, shortly after opening to 9,714.04. The Bank of Japan has injected 7 trillion…
GM financial chief leaves after one year
DETROIT – General Motors chief financial officer Chris Liddell, a key architect of the automaker’s revival after its 2008-09 near-collapse, announced his resignation Thursday after one year in the job. The former Microsoft executive who turned to the auto industry to help with GM’s $49.5 billion government bailout and reorganization…
Michael Moore headlines Madison rally against Walker
MADISON, Wisconsin (Reuters) – Thousands of union supporters protested Gov. Scott Walker’s budget proposals on Saturday at the state capital, a day after the state’s chief executive followed through on his threat to issue layoff warning notices to unions representing state workers. Joining the crowd was liberal filmmaker Michael Moore,…
Sherrod Brown apologizes for comparing GOP to Hitler, Stalin
WASHINGTON – Sen. Sherrod Brown (D-OH) apologized Friday for comparing Republican proponents of anti-union legislation to dictators Adolf Hitler and Joseph Stalin. “But in speaking about this, I should not have mentioned the hostility of tyrants like Hitler to unions,” Brown said in a statement. “I don’t want my mistake…
Bernie Madoff: ‘The whole government is a Ponzi scheme’
Bankers should be convicted, swindler tells NYMag If there’s one person who knows a Ponzi scheme, it’s Bernie Madoff, the perpetrator of the largest one in world history. And now, locked away in prison, he claims that it wasn’t just him, or even just the financial sector. Madoff believes the…
Bachmann ignores slavery in African-American history again
Black History Month was made for people like Rep. Michele Bachmann (R-MN). However, it increasingly looks as though the tea party heroine not only never paid attention to African-American history but seeks to re-write it in her own image. “Other than Native Americans who were here, all of us have…
Obama: ‘The people of Egypt have spoken’
WASHINGTON – US President Barack Obama said Friday the people of Egypt had spoken after history moved at a “blinding pace,” and called on the now-ruling military to ensure a transition towards “genuine democracy.” “The people of Egypt have spoken — their voices have been heard and Egypt will never…
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