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Corporations

Blockade Remains As Hydro CEO, Band Talk

By Randy Turner for Winnipeg Free Speech - A blockade to three Manitoba Hydro sites in northern Manitoba by the Fox Lake Cree Nation was still in effect early Friday evening as negotiations continued between band members and Hydro CEO Kelvin Shepherd. Fox Lake Cree Nation Chief Walter Spence said talks with Shepherd had been on-going since 10:30 a.m. and would probably last until at least 10 p.m. Friday.

Exxon Knew: Lawyers Warn Other Corps They Could Be Next

By Steve Horn for Desmog - Some of the country's biggest law firms have recently penned “client alert” memoranda, suggesting to their clients that they closely monitor the ongoing Attorneys General investigations occurring in states nationwide on the potentially fraudulent behavior of ExxonMobil. DeSmog tracked down alerts written by three different firms: Crowell & Moring, Pillsbury Winthrop Shaw Pittman, as well as King & Spalding. All of them have maintained fossil fuel industry clients as well as tobacco industry clients, a DeSmog review has revealed.

Welcome To 1984

By Chris Hedges for Truth Dig - The artifice of corporate totalitarianism has been exposed. The citizens, disgusted by the lies and manipulation, have turned on the political establishment. But the game is not over. Corporate power has within its arsenal potent forms of control. It will use them. As the pretense of democracy is unmasked, the naked fist of state repression takes its place. America is about—unless we act quickly—to get ugly. “Our political system is decaying,” said Ralph Nader when I reached him by phone in Washington, D.C. “It’s on the way to gangrene. It’s reaching a critical mass of citizen revolt.”

Fight World’s Dirtiest Energy, Corporate Coups & How East Was Lost

By Eleanor Goldfield for Occupy - This week: Break Free from fossil fuels, rebel against the fracking infrastructure, glean some inspiration from our European anti-corporate coup comrades and join the fight against lame ducks and their sneaky deals. Finally, Raed Jarrar has lived our Middle East policy and is now working to change it. But first, lunacy's loop: god and war.

Organizers: Peabody Coal Will Not Escape Justice Via Bankruptcy

By Kelly Hayes for Truthout - Missouri activists have long struggled against the environmental devastation, residential displacement and unsafe labor practices of Peabody Coal, the world's second-largest coal producer, which is based in St. Louis. Peabody's acts of destruction have been vast and numerous, from contaminating aquifers with toxic coal sludge to its disregard of labor safety standards, and even the looting of sacred Native artifacts. But the company's recent bankruptcy filing has brought little comfort to those most affected by Peabody's conquest and avarice.

Verizon Strike Needs To Be A Line In The Sand

By Joe Richard and Ruth Hurley for Socialist Worker - The biggest US strike in years has entered its third week, with 39,000 Verizon workers walking the picket lines and holding fiery protests across the Northeast US. Involving the Communication Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW), the Verizon strike is the nation's largest since the last walkout at Verizon almost five years ago. And the stakes couldn't be higher -- not only for Verizon employees, but all workers.

Federal Probe Of Competitive Power Ventures

By Pramilla Malick and Nadine Raia for Protect Orange County - Slate Hill N.Y.- The residents of Orange County have long been calling for a federal investigation into the numerous irregularities in the approval process for the CPV Valley Power Plant and related Minisink Compressor Station. (This 650 MW fracked-gas power plant is now under construction in Orange County, N.Y.) We applaud the launch of this probe and hope it serves to explain these irregularities and restore the integrity of the review process.

Students Take Lead Reclaiming US Public Education From Corporate Assault

By Deirdre Fulton for Common Dreams - Parents, teachers, and students took part in rallies and "walk-ins" across the country on Wednesday, seeking to "reclaim" U.S. public schools from the grips of corporate reformers and privatization schemes. The coordinated actions are the second national event organized by the Alliance to Reclaim Our Schools (AROS), a coalition that includes the American Federation of Teachers, the Journey for Justice Alliance, and the Center for Popular Democracy, among other organizations and unions.

Enbridge Now Expects $55 Million Fine for Michigan Oil Spill

By David Hasemyer for Inside Climate News - The potential fine Enbridge, Inc. expects for spilling more than 1 million gallons of tar sands oil into Michigan's Kalamazoo River in 2010 continues to creep higher and now is estimated at $55 million. The Canada-based company revealed the revised estimate earlier this week in a quarterly disclosure filing with the U. S. Securities and Exchange Commission. It cautions investors that the ultimate fine eventually imposed by the federal Environmental Protection Agency could cost the company even more.

Verizon Strike In Week Three, Affecting Company Operations

By Dave Johnson for Campaign for America's Future - The Communications Workers of America (CWA) strike at Verizon is now in week three. Thirty-nine thousand workers are striking to preserve middle class wages in the U.S. The strike is affecting company operations and customers are feeling it, but the executives want their huge paychecks, so the strike continues. At Time, Martha White reports: Since nearly 40,000 union members walked off the job at Verizon two weeks ago, the telecom giant has been scrambling to keep its systems up and running, but it seems to be falling behind in one critical area: reputation.

What Is Your Life Worth & May Day Paint, Spray And March

By Eleanor Goldfield for Occupy - This week, regulation is the name of the game if you want to hold corporations accountable and keep them in line with the interests of people and planet. Sadly, there's one serious hurdle standing between us and regulation, and it has to do with how much your life is worth. Next up, find a May Day action near you – and while you're at it, paint and spray your message of change in supervillain coup de art. But first, here's my 2 cents – on 20 dollars.

Protests Against Pepsi Over Conflict Palm Oil And Abuses

By Jessica Serrante for The Understory - On the same day Pepsi was targeted with a daring action in NYC, five student activists at Kansas State University (KSU) took action on their campus by publicly calling out a PepsiCo executive for the human rights abuses and rainforest destruction in the company’s supply chain. Six months ago, PepsiCo released an inadequate palm oil policy that contained a giant loophole the size of Indonesia. The policy still allows for the exploitation of Indonesian workers and violations of community land rights.

College Could Be Free In America If Corporations Paid Reagan-Era Taxes

By Shahien Nasiripour for The Huffington Post - If corporations paid the same tax rate as they did under Ronald Reagan, governments in the U.S. would have enough money to fund prekindergarten for every 4-year-old in America and higher education for every American attending public colleges and universities, according to a Huffington Post review of government data. Corporations paid an effective tax rate of 31.7 percent on average during Reagan’s eight years in the White House, according to Commerce Department figures that measure corporate profits and taxes paid to local, state, federal and foreign governments.

Paying CEOs Lots More Than Uncle Sam

By Scott Klinger for Inequality.org. Top U.S. corporations are still in the process of reporting their 2015 CEO compensation, but filings to date reveal that more than 60 Fortune 500 corporations have paid their CEOs more than they paid in federal corporate income taxes. “These companies reflect the rampant practice among large U.S. corporations of avoiding taxes, leaving ordinary American families to pick up the tab.” HP Inc. (formerly Hewlett Packard), for example, pulled in $3.87 billion in federal contracts in 2015. Yet the company paid no taxes on its $373 million in U.S. pre-tax profits and instead claimed $324 million in tax rebates from the IRS. The company paid its CEO, Meg Whitman, $17.1 million last year.Five of these firms stand out as recipients of major government contracts and bailouts. In other words, they’re double-dipping — taking taxpayer support while stiffing Uncle Sam at tax time.

New Report: Profitable U.S. Corporations Pay No Federal Income Taxes

By Andrew Emett for Nation of Change - Requested by Sen. Bernie Sanders, the Government Accountability Office (GAO) released a report on Wednesday revealing that at least two-thirds of active U.S. corporations paid zero federal income taxes between 2006 and 2012. The report also found that large, profitable corporations only paid 14% of their profits in federal income taxes on average from 2008 through 2012, while approximately one-fifth of them paid nothing at all.

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