Some users are furious at Microsoft for rolling out a buggy product without fully testing it first.
The government’s $182 billion bailout of insurance giant AIG should be seen as the Rosetta Stone for understanding the financial crisis and its costly aftermath. The story of American International Group explains the larger catastrophe not because this was the biggest corporate bailout in history but because AIG’s collapse and subsequent rescue involved nearly all the critical elements, including delusion and deception
Texas Attorney General Greg Abbott is suing BP for excess pollution in April and May from the energy giant’s massive Texas City, Texas, refinery, his office said on Monday.
Abbott said in a statement the lawsuit could cost BP millions of dollars in fines for pollution released during the 40-day malfunction of a refinery unit.
A BP spokesman had no immediate comment about Monday’s lawsuit.
The Texas lawsuit contends BP was motivated by profits when it allowed over 500,000 pounds of pollutants to be released into the air, including 17,000 pounds of benzene, a known carcinogen, between April 6 and May 16.
"BP made very little attempt to minimize the emission of air contaminants caused by its actions, once again prioritizing profits over environmental compliance," according to the lawsuit.
Vicente Fox, the most recent former president of Mexico, is calling for the legalization of narcotics. In a post at his personal blog published over the weekend, the former president says: "We must legalize the production, distribution, and sale of drugs." Fox, whose election in 2000 ended more than 70 years of one-party rule in Mexico, argues that legalizing drugs would "strike and break" the economic power of drug-trafficking cartels operating in Mexico.
"We need to break the balance between criminals, markets, transfer routes, and criminal associations sheltered by corruption, intelligently, with much less doses of violence," Fox writes.
That will have been reinforced by Barack Obama’s declaration this week that US combat troops are to be withdrawn from Iraq at the end of the month "as promised and on schedule". For much of the British and American press, this was the real thing: headlines hailed the "end" of the war and reported "US troops to leave Iraq".
Nothing could be further from the truth. The US isn’t withdrawing from Iraq at all – it’s rebranding the occupation. Just as George Bush’s war on terror was retitled "overseas contingency operations" when Obama became president, US "combat operations" will be rebadged from next month as "stability operations".
But as Major General Stephen Lanza, the US military spokesman in Iraq, told the New York Times: "In practical terms, nothing will change". After this month’s withdrawal, there will still be 50,000 US troops in 94 military bases, "advising" and training the Iraqi army, "providing security" and carrying out "counter-terrorism" missions. In US military speak, that covers pretty well everything they might want to do.
"The Google-Verizon pact isn’t just as bad as we feared — it’s much worse. They are attacking the Internet while claiming to preserve it. Google users won’t be fooled."They are promising Net Neutrality only for a certain part of the Internet, one that they’ll likely stop investing in. But they are also paving the way for a new ‘Internet’ via fiber and wireless phones where Net Neutrality will not apply and corporations can pick and choose which sites people can easily view on their phones or any other Internet device using these networks."It would open the door to outright blocking of applications, just as Comcast did with BitTorrent, or the blocking of content, just as Verizon did with text messages from NARAL Pro-choice America. It would divide the information superhighway, creating new private fast lanes for the big players while leaving the little guy stranded on a winding dirt road.