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  March 19, 2004


Remainders is the blog term for links and bookmarks that have come to the blogger's attention, that s/he thinks are worth a read, but lacks the time or inclination to write a full article about them. Here are mine for this week:




The Sixth Great Extinction
: The Earth Policy Institute is tracking rates of animal extinction and comparing them to the great extinctions of the past, 65 million years ago (meteorite wipes out the dinosaurs), 208 million years ago, 245 million years ago (massive volcanic eruptions), 367 million years ago, and 440 million years ago (ice age). In each great extinction, 70-95% of all species of land or sea creatures suddenly (within a few thousand years) disappear. Current annual rates of species extinction are between 1,000-10,000 times greater than average extinction rates since the dinosaurs disappeared, indicating that the sixth known great extinction is underway. Although this increase in extinction rate was already trending upwards a millennium ago, global warming and habitat destruction are accelerating the extinction rate many-fold. This will be the first known extinction precipitated substantially by a single species, and the first one that a single species could act to prevent.

extinction
volvo



Women Design a Smart Sexy Car:
Volvo is touring a 'concept' car designed by women for women, with a combination of practicality (rubber bumpers), fashion flexibility (interchangeable car seats), and sexiness (gullwing doors). I think it looks and sounds sensational. So why is everyone going to such pains to say it will never be made commercially? Am I missing something?

Buying Your Way Out of Jail with Bush:
Adam Hersh at Globalize This is doing some wonderful economic and legal research. Read his recent posts on unemployment and education, and then check out this research on the crimes of Charles & David Koch and the $40 billion conglomerate Koch Industries, from which the table at right was prepared.

The case against Koch is the second major recent criminal environmental action against the company. In 2000, Koch also settled out of court, for $35 million, charges of "egregious" negligence in connection with over 300 major oil spills in six states.

Note that Ken Lay of Enron, an even more generous donor to Republicans, whose crimes are even more heinous than Koch's, has yet to be charged with anything.


Charles & David Koch
Martha Stewart
Charge
Criminal violation of clean air act, knowingly dumping hazardous wastes, conspiracy, making false statements, endangering public health and safety, 97 charges in all
Insider trading, 4 charges in all
Assessed value of damage
Incalculable
$75,000
Penalties sought
$350 million fines plus lengthy jail terms for principals
Unspecified
Contribution to Republicans etc.
$22 million to Republicans, 137 judges accepted free trips to Koch's anti-regulatory "environmental seminars"
Zero (Stewart is a Democrat)
Verdict
Settled out of court for $20 million damages (one hour's revenue)  and no jail time
Guilty verdict; jail time probable; loss in net worth over $500 million

   1. April 24, 2003. President Bush travels to the Canton, OH, plant of the Timken Company to promote his tax plan. In a speech to workers, he promises that the tax cut plan ?means more money for investments, more money for growth and more money for jobs.?
   2. June, 2003. W. R. Timken, CEO of the Timken Company (2002 income: $2,600,000) holds a fund raiser for George W. Bush that brings in $600,000 and earns "Ranger" status for Timken.
   3. September, 2003. The Timken Company demonstrates the effectiveness of Bush's tax plan by laying off 700 workers.



Another Great Bush Job Creation Story:
Mike Jones points out an amazing series of coincidences that occurred last year at the Timken Company, another strong Bush supporter and a company with a history of price-fixing. Details at left.

US Income & Wealth Disparity Data:
Bookmark this list from the Shared Capitalism Institute if you ever find yourself in a debate with people who say trickle-down economics works or wealth disparity is decreasing. This site needs to be updated, because the data is before Presnit Bush took office and made things much worse. But it's still paints an incredible (and fully cited) picture of gross inequity. Chart at right is based on data from Worldwatch: Vital Signs.
salary ratios


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