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SDG&E and Southern California Edison Up to Same Old Tricks: They Want You to Pay for Repairs to San Onofre

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We have written before about how electric utility companies try to get ratepayers rather than stockholders to pay for repairs to their equipment.

In particular, we wrote previously how SDG&E appealed to the California Public Utility Commission (CPUC) for a rate increase after the disastrous Witch Creek fire..

Now Southern California Edison (SCE) and SDG&E, majority and minority owners, respectively, are using the same playbook with regard to the repairs undertaken at the San Onofre Nuclear Generating Station (SONGS).   [Read more…]

Wall Street: From Too Big to Fail to Too Big to Jail

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After the financial meltdown of 2008, the Bush administration shoveled tons of money into Wall Street as did the Federal Reserve. TARP, the Troubed Asset Relief Program, was a $700 billion carte blanche gift to Wall Street to prevent an imminent meltdown. This was engineered by Henry Paulson, Bush’s Treasury Secretary.

But that was miniscule compared to what the Fed ponied up. A lawsuit by Bloomberg News forced the Fed to reveal that it had given $7.7 trillion to banks all over the world to prevent the looming crisis. And the Fed is still at it with its policy of Quantitative Easing (QE).

But while the banks have been bailed out and are still being given monthly money cards, they have not been held to account for the behavior that caused the financial crisis in the first place. No banker has gone to jail despite the massive fraud and corruption that they perpetrated and in fact are still perpetrating.   [Read more…]

Congressional Hypocrites Add $77 Billion of Pork to Deficit Reduction Bill

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The most important thing to Republicans is deficit reduction. It’s the chief thing they talk about. It’s their main concern, it’s their singular issue. Right?

Right…. Then why did they vote to add $77 billion in pork to the so-called ‘fiscal cliff’ bill? But don’t get me wrong – Democrats not only voted for it but were instrumental in adding it to the bill as well. But why were the American people kept in the dark and not told that this bill like a lot of others was all about the pork?

It’s not that this bill was not discussed at great length by the punditry. Bloviators were bloviating non-stop for months. Pontificators were pontificating full time. Purveyors of bovine excrement were shoveling constantly. But no one saw it coming. Not David Gregory of Meet the Press, not Bob Schieffer of Face the Nation, not Ed Schultz or Rachel Maddow of msnbc. It’s not like pork is a recent phenomena. But it takes sheer gall to add $77 billion in tax break loopholes for the rich to a deficit reduction bill!   [Read more…]

Extreme Weather Watch: 2012 Was Warmest Year Ever For US

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The average temperature for 2012 was 55.3 degrees Fahrenheit, 3.2 degrees above normal and a full degree higher than the previous warmest year recorded — 1998 — NOAA said in a recent report. All 48 states in the contiguous U.S. had above-average annual temperatures last year, including 19 that broke annual records, from Connecticut through Utah.

It was also a historic year for “extreme” weather, scientists with the federal agency said. With 11 disasters that surpassed $1 billion in losses, including Superstorm Sandy, Hurricane Isaac, and tornadoes across the Great Plains, Texas, and the Southeast and OhioValley, NOAA said 2012 was second only to 1998 in the agency’s “extreme” weather index. However, the dollar costs may well indeed pass the 1998 level because of the severity of the events.

The average temperature for the US was 55.3 degrees, one full degree hotter than the previous record in 1998 and 3.2 degrees hotter than the 20th century average. Nineteen states — including Texas, New York, Ohio and Oklahoma — had their highest annual average temperatures on record; 26 others had years that ranked in the top-10 hottest ever.   [Read more…]

Qualcomm Lobbies Government To Get Out of Paying Taxes

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Qualcomm Corporation headquartered in San Diego has been lobbying Congress for a “tax holiday” that would allow it to “repatriate” millions of dollars held offshore in tax free jurisdictions like the Cayman Islands and Bermuda.

According to a recent article in the Wall Street Journal, New York State Comptroller Thomas DiNapoli, who oversees the New York State Common Retirement Fund, has sued Qualcomm over disclosure of use of stockholder funds for political purposes.

  [Read more…]

Is Organic Food Really Organic?

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Food labeled and sold as organic often isn’t

In an article entitled “Canada’s Organic Nightmare” put out by the Frontier Centre for Public Policy, authors Mischa Popoff and Patrick Moore contend that many foods labeled as USDA organic may not actually be up to that standard because there is a lack of field testing in Canada, and, furthermore, free trade agreements allow the importation of such foods into the US. There are also “organic equivalency” agreements with other countries that allow imported organic food to be considered as equivalent to that grown in Canada. Popoff and Moore contend that organic crops and livestock are not tested in Canada before they are certified thus making certification essentially meaningless. Inspections consist of checking out the records at organic farms to see if the paperwork is in order, but the actual products are not tested making it more likely that the records could be falsified.   [Read more…]

San Diego’s Victory Pharmaceuticals Implicated in Fraudulent Kickback Scheme

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The Washington Post reported on Dec. 27, 2012, that Victory Pharmaceuticals, headquartered in San Diego, was forced to pay $11.4 million to resolve Federal, civil and criminal liabilities related to kickbacks to doctors in return for prescribing their drugs. Victory is a privately held company, founded in 2003, and is focused on acquiring, developing and marketing products to treat pain and related conditions. As it turns out, part of the marketing strategy was to offer kickbacks to doctors in return for prescribing its products.

The kickbacks included tickets to professional and collegiate sporting events, tickets to concerts and plays, spa outings, golf and ski outings, dinners at expensive restaurants, giving a doctor money to help make a house payment, paying for a doctor’s staff’s outing to a strip club, including “lap dances” for the female staff and offering a doctor and his staff an all-expense paid trip to Las Vegas. A former sales representative for Victory, Chad Miller, blew the whistle on them and received $1.7 million for his efforts.   [Read more…]

Upon Reflection: What I Believe

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by John Lawrence

Well the New Year is upon us, and it’s time to take stock and see if I can make any sense out of the goings on of the last year and the interaction of reality with my own mind. This is my crack at it.

1. I believe that gun ownership should be a privilege and not a right. The 2nd Amendment was constucted to be similar to the Swiss model in which citizens formed a militia for national defense. There was no standing army. That was the original intent of the framers of the Constitution for exactly the same reason: there was no standing army. Today that rationale is not relevant. Even Switzerland has moved the guns from homes to depots to prevent what little gun violence takes place there.   [Read more…]

Typhoons, Cyclones, Hurricanes, Tornadoes, Flooding Increase in 2012

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In 2011 more than 80% of all the deaths around the world caused by natural disasters occurred in Asia. The Phillipines were the epicenter with 33 natural disasters, more than any country in the world. Typhoon Washi claimed more than 1200 lives in late 2011. Super Typhoon Bopha which struck December 2012 took 900 lives.

Super Typhoon Bopha packed winds of up to 100 miles per hour bringing torrential rains that destroyed villages and left 320,000 homeless. A total of 184 had perished in Compostela Valley, including 78 villagers and soldiers who died in a flash flood that swamped two emergency shelters and a military camp. Most of the typhoon’s victims appeared to have drowned or been hit by falling trees or flying debris, officials said.   [Read more…]

Local and State Governments Giving Away Billions to Corporations and San Diego is No Exception

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States, counties and cities are in a race to the bottom because they are giving away taxpayer dollars to provide incentives for corporations to locate withing their boundaries. There’s a fierce competition going on and corporations are playing one region off against another. Whichever one comes up with the largest package of cash grants and loans, sales tax breaks, income tax credits and exemptions, free services, and property tax abatements wins.

Corporations hire people whose job it is to get them the best package. Mayors and Governors desperate for jobs for their citizens are giving away the store with the consequence that schools, parks and police and fire services are underfunded. City employees are forced to take pay and pension cuts in order that corporations can report to shareholders that they got the best possible deal.   [Read more…]

ALEC – Centralized Conservative Legislative Clearinghouse

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Why hire individual lobbyists and send them out in search of Congressmen when you can set up a lobbying clearinghouse and have them come to you?

ALEC, the American Legislative Exchange Council, does just that. Funded by the likes of the Koch brothers, Exxon Mobil and PhRMA, a trade association for the pharmaceutical industry, legislators are paid to come to ALEC meetings, where they are wined, dined, and handed “model” legislation to make into law in their state. Through ALEC, corporations vote on “model” legislation alongside politicians behind closed doors.

So instead of the lobbyists fanning out on Capitol Hill to meet with Congressmen individually, public officials are invited en masse to an ALEC meeting off Capitol Hill at a fancy resort, and they had better be there or be square if they want a campaign contribution or a great job when their “public service” career comes to an end.   [Read more…]

SuperStorm Sandy Aftermath: Power Companies Unnecessarily Immiserated Millions

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Weeks after Hurricane Sandy struck, millions of people were still without electricity. At its peak Sandy left 8.5 million without power. A lot of people were angry. Why did it take so long to get the power back on even with crews coming from as far away as San Diego? One power company in New Jersey came in for a lot of criticism – Jersey Central Power and Light (JCP&L)- owned by First Energy based in Ohio.
Although we San Diegans have blessedly been spared from the ravages of hurricanes, tornadoes and other weather disasters, we are still at the mercies of aging utilities much in need of repair and upgrading. In particular, our local power and light company, San Diego Gas and Electric (SDG&E) has been neglecting maintenance and upgrading similar to what JCP&L did prior to the devastation of Hurricane Sandy.   [Read more…]

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