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Contributed by J. R. Ransom
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 Lee Scott, CEO-Wal-Mart Video (6min 17sec): Wall Street Journal (WSJ) reports that Wal-Mart is A Political Bully. Now Wal-Mart is telling employees to vote for McCain because Obama will let in the Unions (into Wal-Mart). For years, Wal-Mart has been plagued by bad press. Now it has to fend off a Wall Street Journal report that it's been politically bullying its employees. ANP headed over to a Wal-Mart in Virginia to ask shoppers what they think.
"The Wall Street Journal earlier this month reported that managers are being asked at staff meeting to encourage their associates and lower level employees to vote for the Republican party, claiming that a victory for the Democrats will put the company in financial jeopardy due to the mandatory labor laws that will be enforced by the Democratic victor.
"Wal-Mart claims that high union dues will force the company to cut back on new staff hires and overall wikk make the current employees suffer greater financial ailments..., and increased costs for the consumer. The centerpiece of political discussions between Wal-Mart manages and their employees is The Employee Free Choice Act (EFCA)..." |
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Contributed by J. R. Ransom
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 Economic Change? Video (5min 38sec): What Will Real Economic Change Look Like? Downturn and record high deficit mean next Prez must protect Americans from 'vagaries of the market'. Jim Nuzzle, White House Budget Director: "For 2009, the deficit is projected to rise to $482,000,000,000, or 3.3% of GDP." "The new US national deficit announced on Monday, a record high, were the latest sign of an economy in decline with foreclosures rising. home prices falling, soaring energy prices, and nearly half a million jobs lost since January.
"Democratic presidential hopeful Barack Obama met with more than a dozen economic advisers in Washington, D. C.. Present at the meeting were: AFL-CIO president John Sweeney, Google chairman & CEO Eric Schmidt, and New Jersey Governor John Corzine. Billionaire investor Warren Buffett joined via speakerphone. Also present at the meeting were former Fed chariman under Carter & Reagan, Paul Volcker, and two former Treasury Secretaries, Paul O'Neill from the George W. Bush administration and Robert Rubin from the Clinton administration." |
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Contributed by J. R. Ransom
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 AT&T CEO Randall Stevenson Big Media Hall of Shame: Worst Corporation Video (3min 7sec). Big Media behemoths, cronies and sell-outs.
"Welcome to the 2008 FreePress Hall of Shame honoring the best of the worst that America has to offer, in media, democracy, and your right to free speech. The Hall of Shame nominees for Worst Corporation are: Verison - they got caught blocking text messages from this pro-choice group; cable-giant ComCast - they got caught blocking Web traffic in "Bit-Torrent-gate" then paid people off the streets to fill seats at a public hearing; big-media behemoth Viacom - for telling writers it was too soon to put a dollar value on digital content.
The 2008 Shamie goes to AT&T. America broke up the AT&T monopoly in 1984, but AT&T is back, baby. And it helped the NSA set up a secret room in AT&T's central office to help the Bush administration to illegally spy on Americans..." |
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Contributed by J. R. Ransom
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 Jim Jubak Video (3min 29sec): Citigroup's Real Problem. Citigroup says the financial supermarket created in the 1998 merger was never fully integrated. Citigroup now has the tough task of selling $400 billion in "hobby" businesses.
"I have to read this because it's important that I get this exactly right. This is what Vikram Pandit, the new CEO of Citigroup told a gathering of 300 Wall Street Analysts in the first week of May. 'The infrastructure of of this company has never been fully integrated.' Now he tells us.
"Ten years after the merger that put together Citigroup - putting together the brokerage firms and the insurance companies and a bank there were going to create this incredible financial super market. Ten years after that it turns out that nobody ever did the hard work of putting all the pieces together..." |
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Contributed by J. R. Ransom
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 Jim Jubak Video: Stupidity of Energy Policy. Politicians say we can't afford $1.8 billion for a clean coal pilot plant or $1.4 billion to subsidize solar power. When oil imports cost $1.3 billion a day, that's just stupid, says Jim Jubak.
"I don't care if you're a Green and want solar cells on every rooftop or whether you believe that the US should burn its most abundant energy source, coal, in order to cut our dependence on foreign oil. I don't care what you want. It's hard from either of those perspectives to say the government policy toward energy is anything but - what's that word? - STUPID.
"Here's what's happening right now and I think movements on both of these fronts add up to stupidity. The US government had a pilot project to look into burning coal more cleanly and see whether you could actually inject the CO2 that resulted underground. It was called FutureGen. In January 2008, however, the government pulled it's funding. The argument was that this project was too expensive..." |
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