I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
Transocean Ltd., the Swiss company operating the Deepwater Horizon oil rig when it blew up last month, raised plenty of eyebrows last week when it announced its plan to pay out $1 billion in dividends to shareholders.
“It’s heartwarming to see that Transocean, the same company that rushed to limit its liability in the Deepwater Horizon rig explosion, seemed not to hesitate at all when it came to the decision to distribute its profits,” one maritime expert wrote of the plan.
Today, 18 Senate Democrats took the scrutiny a long step further, asking the Justice Department to investigate whether those payouts are appropriate “at a time when [the company] may be responsible for financial damages related to the massive oil spill in the Gulf of Mexico.”
“Transocean’s stockholders,” the lawmakers wrote in a letter to Attorney General Eric Holder, ”should not take huge profits from polluting our country’s Gulf Coast.”
We are concerned that such action to quickly move money out of corporate coffers to individual investors may make it more difficult to pursue liability claims against the company. Families of those who died in the disaster, the fishing industry that has been devastated by the oil spill and the governments that have worked full-time to clean up this spill deserve better. Transocean has also reported that it expects to make a $270 million profit on its insurance policy for the Deepwater Horizon, since the rig was insured for more than it was worth.
The letter, spearheaded by Sen. Ron Wyden (D-Ore.), also drew the support of Democratic Sens. Pat Leahy (Vt.), Charles Schumer (N.Y.), Tom Harkin (Iowa), Robert Menendez (N.J.), Mark Begich (Alaska), Byron Dorgan (N.D.), Patty Murray (Wash.), Jeanne Shaheen (N.H.), Bill Nelson (Fla.), Mark Pryor (Ark.), Mark Udall (Colo.), Jeff Merkley (Ore.), Max Baucus (Mont.), Amy Klobuchar (Minn.), Michael Bennet (Colo.), Blanche Lincoln (Ark.) and Robert Casey (Pa.).
Of note, Transocean is not exactly known for its corporate citizenship. Until recently, the company was based in Houston, but officials moved the headquarters to Switzerland “to avoid paying higher corporate taxes.“
I wonder why Sens. Levin and Stabenow were not part of that group?
Do you know where to vote on Election Day? Do you know what to bring with you? Get comprehensive voter information for your state here.
Sign up for our email newsletter