Robert: I expect you are kneeling when you are worshipping your Corporate Gods.
In March 2011, The New York Times reported that, despite earning $14.2 billion in worldwide profits, including more than $5 billion from U.S. operations, General Electric did not owe taxes in 2010. General Electric had a tax benefit of $3.2 billion. This same article also pointed out that GE has reduced its American workforce by one fifth since 2002.
In December 2011, the non-partisan organization Public Campaign criticized General Electric for spending $84.35 million on lobbying and not paying any taxes during 2008–2010, instead getting $4.7 billion in tax rebates, despite making a profit of $10.4 billion, laying off 4,168 workers since 2008, and increasing executive pay by 27% to $75.9 million in 2010 for the top 5 executives.
Actually I am not a fan of GE. In fact here in the Hudson Valley in New York they are particularly disliked because they polluted the Hudson River with PCBs and then fought for years to avoid paying for the clean up. Finally a cleanup is going on and GE is paying. The main point that I wanted to make is that they do need a market to sell their consumer appliances so it is in their self-interest that tens of millions of people can afford to buy their products. Therefore, if all the average people were heading toward poverty this would concern them. We need their products and they need us to buy them. There is a symbiotic relationship. I think a company like GE which makes so many different products winds up with mixed reviews. As far as I know their medical products are quite good. Their CT and MRI scanners certainly have helped revolutionize medicine. On TV today they were advertising their commercial jet engines as one of their "brilliant machines." To me if you are going to demonize a media company I would go after NewsCorp. They really are the bad guys. Fox News has lowered the standard for news to levels that no one would have believed possible a few decades ago. I don't think facts mean much to that company. The only thing that seems to matter is pushing their crazy right wing agenda. On the other hand GE does have a liberal news channel which I guess counters Fox News to some extent although I don't think it has anywhere near the same viewership. I only have basic cable so I can't watch MSNBC and therefore can't really comment on it. I don't agree with your advice of not listening to the mainstream media. I don't think the left wing media has any monopoly on the truth and certainly it doesn't have the adequate resources to cover the news. I watch BBC News America which I think is pretty good. I often watch NBC nightly news with Brian Williams which has some good stuff although it spends too much time on weather stories if you ask me. I also often watch the PBS News Hour. Since I only have basic cable I can only watch left wing news shows on the web. I think left wing news is valuable because it covers stuff like protest marches that the mainstream media largely ignore. And it also focuses on many stories that get little attention from the mainstream media. One thing that I don't like about the left wing media is that it doesn't question the concept of perpetual economic growth. I think dealing with the limits of growth is the most challenging issue we face because the majority of ecosystems are in decline and if this trend continues we could be facing a population collapse of billions perhaps in a few decades. Continued economic growth should be questioned because it seems to defy physics and ecology.
EPA briefs Mid-Hudson on PCB Dredging
POUGHKEEPSIE – The second phase of the dredging of PCBs in the upper Hudson River is expected to start this spring four years after the project began in 2009.
Regional lawmakers and environmentalists were briefed on the project at Marist College Wednesday as the project stays on schedule with a completion date of 2016-2017.
“It's on schedule and maybe a little bit ahead of schedule, and G.E. has done a good job so far,” said David King, project manager and director of the EPA's field office.
“We will know pretty soon as to actual water quality is concerned but the real objective of the dredging is to reduce the levels of PCBs in the fish and that is going to take a while,” King said. He expects it to be 20-30 years before those levels are safe for fish consumption.
Aside from dredging's impact on the future, King said a lot has been learned from the clean-up itself.
“We've learned a lot. What's the best way to dredge, and how to get them out of the environment,” said King.
The project has been divided into three phases on a 40-mile stretch north of the Troy dam. General Electric dumped PCBs into the upper Hudson from the 1940s through 1976, and now the corporation is involved in one of largest environmental clean-ups currently underway in the country.
“That's where the active clean-up will be completed,” said Althea Mullarkey, a public policy analyst for Scenic Hudson, of the river's northern region.
The EPA Superfund site extends to the southern tip of Manhattan, but the dredging is limited to that area above the Troy dam.
“It's hopeful they'll be reduced naturally,” said Mullarkey, of the 160-mile stretch south to New York City.
Still the dredging needed to be done.
“The only way to get rid of PCB contamination is removal,” said Mullarkey.
Supported videos include:
Create your own forum with Website Toolbox!