Corporate Interests and Voting Rights

011aCorporate Interests and Voting Rights

Generally voting rights are not considered a business ethics issue but they are the subject of business lobbying. Two of the organizations heavily committed to voting restrictions are ALEC, the American Legislative Exchange Council and Americans for Prosperity are in large part corporate financed. Would it be a logical assumption that if corporate interests are best served by less democracy, than less democracy will be lobbied for? We’re also seeing this in school privatization where local control is superseded so that school board elections don’t interrupt the process of moving the money. It may well be that corporations being oligarchal in structure themselves prefer other creatures of the same species. Red China with its capitalist heresy intact could be the natural home for the American corporation. After all, they speak the same language of power and disdain for the rabble whose desire to breath air and drink water are serious encumbrances to the pursuit of power and profit.

Of course, the problem with China is that benefits conferred may be taken away. A nation under an oligarchy may have too powerful a central government for a corporation to feel security – just as a democracy may have to much self government for a corporation to feel secure. Does that mean that corporations naturally act in conflict against nations, all nations, seeking a continuous round of benefits concessions and controls? If that were so, we individuals in the wake of Citizens United are pawns in a much larger struggle.

The corporate form is a creature of the state, at least for now. They desire the status of independent nations and the new trans-pacific trade agreement is designed to help them achieve this. But that “free  trade” agreement is in serious difficulty. So we still have time to act before the leave our jurisdiction. We Americans can change the form of their organization and we should consider this seriously. National registration of corporations is the most logical step. The corporations can play havoc with the states playing one off against another, and they’ve been doing it for years. Let’s make them play in the big leagues.

James Pilant

When ‘patriots’ unite to restrict voting rights | Al Jazeera America

For groups such as Americans for Prosperity and the American Legislative Exchange Council, measures that restrict ballot access are one point in a larger agenda. The states in which Republican governors are passing restrictions on voting — such as Wisconsin, Ohio and North Carolina — are the same places where conservative lawmakers have tried to roll back people’s voice in the workplace, curtailing union rights and inhibiting employees’ opportunities to have collective representation. Taken together, these efforts align with a vision of America that concentrates political power in the hands of a wealthy few.

Most offensive of all is that the same wealthy donors restricting the influence of regular voters are also actively seeking to expand the power of money in politics, supporting Supreme Court decisions such as Citizens United v. FEC, which eliminated restrictions on independent political expenditures by corporations, associations and labor unions.

Conservative billionaires such as Sheldon Adelson and the Koch brothers and the politicians they support have every right to debate their views. Like all other citizens in our democracy, they should enjoy the freedom to present their opinions in the public sphere. But when their agenda involves expanding the already enormous influence of big money in politics while limiting access to the polls by ordinary citizens, their actions become a cynical assault on the American system and American values they purport to uphold.

via When ‘patriots’ unite to restrict voting rights | Al Jazeera America.

From Around the Web.

From the web site, Celebrating Time.

http://celebratingtime.wordpress.com/2014/05/14/voter-id-and-marriage-inequality/

The Republican legislature and the Republican governor passed this law in 2012. There was almost zero evidence of voter fraud, but they thought it was a pretty good way to help Romney win (watch this if you don’t believe me).

And then, even when it didn’t help Romney, I guess they looked at some demographic trends and kept thinking it was a good idea and so, every election, we’d get these instructions about what we were supposed to say (it’s not required YET, but we’re requested to request proof that you are you) and sheets of paper telling people that soon they’d have to somehow try to get an ID if they didn’t have one – though, as it turned out, it wouldn’t have been easy:

Required IDs were only available through 71 PennDOT Drivers Licensing Centers across the state. Five of the 71 DLCs are located in Philadelphia, nine counties have no DLCs at all, and DLCs are openly only one day per week in nine counties and two days per week thirteen counties. The Pennsylvania Department of State provided too little access, no financial support to providing IDs to those without access, and no alternatives to obtaining the required IDs.

Anyway, the registered Republicans were all over this. They’d come in and triumphantly whip out their driver’s licenses. It’s not required, we’d say. Well it should be, they’d say. “Voting should be a privilege, not a right,” one even said. There was a lot of huffing and puffing on both sides.

Now, it’s dead. The Commonwealth Court ruled against it, and our fine Governor Corbett has finally said he’ll no longer fight to get it reinstated.

The Republican legislature and the Republican governor passed this law in 2012. There was almost zero evidence of voter fraud, but they thought it was a pretty good way to help Romney win (watch this if you don’t believe me).

And then, even when it didn’t help Romney, I guess they looked at some demographic trends and kept thinking it was a good idea and so, every election, we’d get these instructions about what we were supposed to say (it’s not required YET, but we’re requested to request proof that you are you) and sheets of paper telling people that soon they’d have to somehow try to get an ID if they didn’t have one – though, as it turned out, it wouldn’t have been easy:

Required IDs were only available through 71 PennDOT Drivers Licensing Centers across the state. Five of the 71 DLCs are located in Philadelphia, nine counties have no DLCs at all, and DLCs are openly only one day per week in nine counties and two days per week thirteen counties. The Pennsylvania Department of State provided too little access, no financial support to providing IDs to those without access, and no alternatives to obtaining the required IDs.

Anyway, the registered Republicans were all over this. They’d come in and triumphantly whip out their driver’s licenses. It’s not required, we’d say. Well it should be, they’d say. “Voting should be a privilege, not a right,” one even said. There was a lot of huffing and puffing on both sides.

Now, it’s dead. The Commonwealth Court ruled against it, and our fine Governor Corbett has finally said he’ll no longer fight to get it reinstated.

The Case Against Tort Reform: The GM Debacle

I fully agree. No corporation should be spared the expense of paying for the pain and suffering of the victims of its actions.

jtoneal7's avatarLaw and Life Blog

On Tuesday in the nation’s capital the CEO of General Motors testified about a dangerous vehicle defect that apparently has resulted in at least 13 deaths.  GM has issued a recall on vehicles due to

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This Business of Food

Good writing – good thinking!

Donald Sterling – Sometimes Business Ethics Means Shutting Up

005Donald Sterling – Sometimes Business Ethics Means Shutting Up

Self awareness is an important skill. Sometimes, individuals lack any perspective on themselves. The advantage of this is that you feel good about yourself with little or no justification. You have a golden and continuous opportunity to project all of your inferiority and weaknesses on everyone else. Thus it is for Donald Sterling who is undoubtedly wondering out loud to his wealthy friends even as you read this how unfair all this news coverage is. He is no doubt explaining to his friends that the media just won’t stop saying he’s a racist when everybody who knows him, anyone with half a brain knows he’s no more a racist than Martin Luther King.

If you think I’m being cruel – watch the interview, the level of self-deceit is incredible. In his mind, his beliefs are “factual.”

And that in the end is the benefit of being a member of the .01 percent, you have the privilege of being stupid. Because in that comfortable world, there is no countervailing reality to have to deal with. You can believe any set of comforting nonsense. It is a pity that Anderson Cooper didn’t ask him about voting rights or taxes.

Before business ethics can be exercised there has to be an understanding of facts and reasoning. There has to be a firm connection to reality. That is harder than it sounds. There are many individuals who have a difficulty telling opinion from facts, and many more who don’t understand how logic and reasoning are exercised.

When I was very young man, I worked at a store. One day the owner explained to me that doctors had told her that black people were arranged differently on the inside – their organs were in different places. When I appeared surprised, she was surprised that I didn’t understand something so obvious. It has been more than thirty years now and I have not yet ran into a “black” physiology textbook. I’m not expecting it to happen soon.

Her “facts” were different from reality, and when such is the case, business ethics are often irrelevant.

James Pilant

Donald Sterling’s interview disaster: Rich old racist self-destructs to Anderson Cooper – Salon.com

Donald Sterling, in all his reprehensible anti-glory, is officially representative of only one person, Donald Sterling. But it was hard not to think about the insularity and cossetting the super-wealthy enjoy, once they get super-wealthy, watching the maligned Los Angeles Clippers owner self-destruct with Anderson Cooper Monday night.

Sterling is a man who is obviously used to holding forth on his mind-blowingly prejudiced views without challenge. He wants us to think V. Stiviano entrapped him with her magic lady parts — “I don’t know why the girl had me say those things,” he told Cooper — and got him to launch a paranoid racist rant out of lust. But clearly that is not true, unless he’s lusting after Anderson Cooper.

“I’m not a racist,” Sterling told Cooper. “I made a terrible, terrible mistake. And I’m here with you today to apologize and to ask for forgiveness for all the people that I’ve hurt. When I listen to that tape, I don’t even know how I can say words like that…. I mean, that’s not the way I talk.” Actually, it seems to be exactly the way Sterling talks.

It’s hard to know where to start with the NBA franchise owner’s outrageous remarks. He called Stiviano “a street person” and said Magic Johnson “ought to be ashamed of himself.” No, that doesn’t do Sterling justice. This is what he said about Johnson:

Here is a man, he acts so holy. He made love to every girl in America in every city and he had AIDS. When he had those AIDS, I went to my synagogue and I prayed for him.

“Those AIDS”? (For the record, Johnson has HIV, not AIDS). But it got worse:

What has Magic Johnson done? He’s got AIDS. Did he do any business? Did he help anybody in south L.A.? I think he should be ashamed of himself. What does he do for the black people? I’m telling you he does nothing. It’s all talk.

I spent millions on giving away and helping minorities. Does he do that? That’s one problem I have. Jews, when they get successful, they will help their people.

And some of the African-Americans, maybe I’ll get in trouble again. They don’t want to help anybody. What has Magic Johnson really done for Children’s Hospital which kids are lying in the hallways. They are sick. They need a bed. What has he done for any hospital? What has he done for any group?

via Donald Sterling’s interview disaster: Rich old racist self-destructs to Anderson Cooper – Salon.com.

From Around the Web.

From the web site, Abagond.

http://abagond.wordpress.com/2014/04/28/donald-sterling/

Donald Sterling (1934- ), an American billionaire, is best known as the owner of the Los Angeles Clippers, a basketball team. It accounts for a third of his wealth. On April 25th 2014, a recording of what seems to be him talking to his girlfriend, Vanessa Stiviano, was made public on the Internet. In it he tells her not to be seen in public with Black people.

We do not know where the recording came from, when it was made or whether it has been edited. But it is probably all too true: In 2009, for example, Sterling was made to pay $2.725 million for discriminating against Blacks and Latinos at his apartment buildings in metropolitan Los Angeles. It is a matter of public record that he has said stuff like this:

Is she one of those black people that stink? […] Just evict the bitch.

On racism:

Sterling: It’s the world! You go to Israel, the blacks are just treated like dogs.

Stiviano: So do you have to treat them like that too?

Sterling: The white Jews, there’s white Jews and black Jews, do you understand?

Stiviano: And are the black Jews less than the white Jews?

Sterling: A 100%, 50, a 100%.

Stiviano: And is that right?

Sterling: It isn’t a question – we don’t evaluate what’s right and wrong, we live in a society. We live in a culture. We have to live within that culture.

 

No Free Pass for Lying Politicians

Please visit Talking Ethics and add your thoughts or even better sign up as a follower.

Mark Willen's avatarTalking Ethics

When we conducted an informal survey last year asking people when it’s okay to tell a white lie, a large majority, 71%, came down hard on politicians, saying it’s wrong for them to shade the truth, even when it’s just a matter of emphasizing facts that support their point of view and ignoring those that don’t.

But lying by politicians remains rampant.

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What is “Postcapitalism”?

This is the very first post of a brand new blog. I find what is being said of interest and I hope you will take a look at this blog with as high a hope as I have for it.

Allison's avatarPostcapitalist PDX

So I realize there are quite a few different uses and meanings of this term, but I’ll be focusing on one that was developed by Gisbon-Graham in their book A Postcapitalist Politics

For the purposes of this blog, postcapitalism will refer to a space, place, moment, project, etc. that does not lie “within” the capitalist mindset. It doesn’t rely on free-market money making principles but instead reminds us that we have other values– we’re a community oriented, environmentally minded, sharing, creative, and caring society.

It’s time to change the current discourse from one that is “capitalocentric,” one where “other forms of economy (not to mention noneconomic aspects of social life) are often understood primarily with reference to capitalism: as being fundamentally the same as (or modeled upon) capitalism, or as being deficient or substandard imitations; as being opposite to capitalism; as being the complement of capitalism; as existing in capitalism’s space or…

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Oh, BTW, Crushing Student Debt is a Huge Drag on the Economy

021!!@@#dddddd444I would suggest that it is unethical to burden students with the costs of their education. Education is a society wide benefit, and we should all share the burden.

Irv Lefberg's avatarPage Seven

The Long Road to Solvency The Long Road to Solvency

The outstanding debt held in student loans, estimated at over one trillion dollars, is now the second largest class of debt held by consumers — second only to home mortgages. The dangers posed by this debt may not be as great as the mortgage debt and its role in the ensuing financial system crash of 2008. But it is consequential for the economy, not to mention it’s devastating personal effects.  You can read about the dimensions and find the relevant data here.

While this news isn’t “buried,” in the sense I’ve been using the term here in Page Seven, it does not receive the attention it deserves by economists or business writers as a major factor in the sluggish recovery, or in the prospects for long term growth. Nor is it prominent in the scripts and talking points of the two major ideological…

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Protectionism and Paternalism Brewing in Florida – “I believe I know what’s best.”

109-1Definitely a case where some businessmen have decided to use political muscle to deal with a competition. Crony Capitalism.

Closing Generating Plants to Manipulate the Market

!!@@#dddddd444plate18-thClosing Generating Plants to Manipulate the Market

I remember when Enron closed generating plants for “maintenance” back in the good old days of extorting money from the citizens. These maintenance periods coincided with peak demand in California and helped Enron generate billions in profits. And I remember that many public officials were shocked that anyone would think something suspicious was going on.*(see below)

An ethical businessman makes money by selling a service or a product. An unethical businessman manipulates the market to make money. Making money the ethical way is too slow when you can lobby regulators to look the other way while you cut the supplies of electricity to raise the price. It is fast profits, a high return on an investment, good results for the next quarter, and it leaves in the dust the ethical businessman.

If this process is not regulated, then the unethical manipulators will drive the ethical producers out of the electrical business. This is a kind of Social Darwinism in which the unprincipled and immoral displace their competitors producing a mediocracy of the ethicless. A society that values simply making money by whatever means necessary will embrace such mediocracy since only a fool would act ethically when money can be made. So in time, all producers will act to manipulate and cheat as opposed to making an honest dollar.

The dishonest profit destroys the moral fabric of a society?

Probably not the best place to raise children?

James Pilant

Enron-style price gouging is making a comeback | Al Jazeera America

The price of electricity would soar under the latest scheme by Wall Street financial engineers to game the electricity markets.

If regulators side with Wall Street — and indications are that they will — expect the cost of electricity to rise from Maine to California as others duplicate this scheme to manipulate the markets, as Enron did on the West Coast 14 years ago, before the electricity-trading company collapsed under allegations of accounting fraud and corruption.

The test case is playing out in New England. Energy Capital Partners, an investment group that uses tax-avoiding offshore investing techniques and has deep ties to Goldman Sachs, paid $650 million last year to acquire three generating plant complexes, including the second largest electric power plant in New England, Brayton Point in Massachusetts.

Five weeks after the deal closed, Energy partners moved to shutter Brayton Point. Why would anyone spend hundreds of millions of dollars to buy the second largest electric power plant in New England and then quickly take steps to shut it down?

Energy partners says in regulatory filings that the plant is so old and prone to breakdowns that it is not worth operating, raising the question of why such sophisticated energy-industry investors bought it.

The real answer is simple: Under the rules of the electricity markets, the best way to earn huge profits is by reducing the supply of power. That creates a shortage during peak demand periods, such as hot summer evenings and cold winter days, causing prices to rise. Under the rules of the electricity markets, even a tiny shortfall between the available supply of electricity and the demand from customers results in enormous price spikes.

With Brayton Point closed, New England consumers and businesses will spend as much as $2.6 billion more per year for electricity, critics of the deal suggest in documents filed with the Federal Energy Regulatory Commission.

That estimate will turn out to be conservative, I expect, based on what Enron traders did to California, Oregon and Washington electricity customers starting in 2000. In California alone the short-term market manipulations cost each resident more than $1,300, a total burden of about $45 billion.

via Enron-style price gouging is making a comeback | Al Jazeera America.

*Bush administration officials repeated Enron’s claims that California’s problems were caused by the state’s “flawed” deregulation plan—which was not “free market” enough—and strict environmental standards, which limited the construction of new power plants. Bush and Vice President Dick Cheney publicly opposed price controls, insisting that any such moves would be a disincentive for power companies to operate in the state.

Several weeks after the memos were written outlining the company’s strategy to manipulate California’s market, Enron CEO Kenneth Lay—the largest single contributor to Bush’s political career—successfully prompted the Bush administration to appoint free-market advocate Pat Wood as the head of the Federal Energy Regulation Commission. Once in place, Wood resisted the implementation of price controls for months while the crisis spun out of control.

After FERC was finally pushed to restrict price hikes in late April 2001 Cheney denounced the move, telling the Los Angeles Times, “Price caps are not a help. They take us in exactly the wrong direction.” After reiterating that only free market policies could resolve California’s problems, Cheney added, “I’ve never seen price regulations that I’ve felt very good about. If I had been at FERC, I would never have voted for short-term price caps.”

At the time California’s Democratic governor and senators requested federal intervention to hold down the cost of electricity and charged that energy providers were manipulating the market to boost their profits. According to the New York Times, Senator Diane Feinstein said she tried “three or four times” to speak with Bush about the state’s crisis but the president refused to meet with her. Instead she held two brief meetings with Cheney as part of larger groups. “Their attitude was laissez-faire, let the market do what the market does, but it was a broken market,” she told the Times. At meetings with Cheney on March 27 and June 12, she said, the vice president spoke, “but did not listen much. When someone is looking at their watch, it gives you a pretty good idea they want to get out of the room,” Feinstein said.

From Around the Web.

From the web site, CBS News.

http://www.cbsnews.com/news/us-jpmorgan-owes-410m-for-energy-price-manipulation/

JPMorgan Chase & Co. (JPM) agreed to pay $410 million in penalties on Tuesday to settle accusations by U.S. energy regulators that it manipulated electricity prices.

The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from the agencies that run the power grids in California and the Midwest in 2010 and 2011.

The penalty includes $285 million for the federal government, and $125 million for ratepayers.

FERC’s enforcement staff said its investigation had found improper trading practices were used at Houston-based JPMorgan Ventures Energy Corp.

JPMorgan said in a written statement that it’s “pleased to have reached an agreement with FERC to put this matter behind it.” JPMorgan didn’t admit or deny any violations.

FERC recently levied a $453 million penalty on Barclays, Britain’s second-largest bank, for manipulating electricity prices in California and other Western states. Barclays is disputing the allegations.

FERC claimed JPMorgan’s energy unit used five “manipulative bidding strategies” in California between September 2010 and June 2011, and three in the Midwest from October 2010 to May 2011.

 

The Blogger from “Why We Are Screwed” Has a Comment!!

049The Blogger from “Why We Are Screwed” Has a Comment!!

I am delighted to have found the blog, Why we are screwed. The owner/operator has very kindly given permission to use the comment below. It was made and is still attached to the blog post – https://southwerk.com/2014/05/08/higher-education-in-crisis/

Thank you for visiting my blog but please take an extra few seconds and visit my colleague at “Why we are screwed” and sign up as a follower

James Pilant

The Comment

Thanks for posting these two articles. Although I do realize that the scope of the articles were more on teaching, public funding for science and engineering research has steadily been declining for decades, but teaching and research go hand in hand. When looking at the National Science Foundation (USA) data; however, in terms of private research money available (adjusting for the Recession), things have never been better! And, job security and good salaries are in place for tenured professors in scientific domains. I’m talking about those who are typically male, 50-65ish.

The problem we have now is underemployment for scientists say, under 50 years old in specific domains that don’t ‘suit’ private interests, and with sparse public funding, professors at the top of the pay scale are skimming off the top, leaving less available for new tenure track positions. As such, these ‘younger’ scientists can’t find suitable employment and many are caught in a never ending postdoctoral cycle, of which older generation profs can easily take advantage now more than ever (cheap labor = more publications with better authorship opportunities for the tenured prof). Not all older generation professors have the skills necessary as it is to provide students with the technology skills needed for future employment because the amount of knowledge required and technology available in computing has really been exploding in the past 10 years or so. Yet students are paying more than ever for education.

I wonder what will happen to quality of post secondary education when the older generation of professors retires in effect at the same time? There will be ever more students demanding a quality education in a breadth of subjects which is necessary to maintain a quality education (not just those that are of interest to the private sector) and there will be generally fewer top-notch academic folks around to fill the shoes of these professors.

I suspect at some point the tenure and publicly funded postsecondary systems as we know them will have to be revamped, but this is going to take years.