Big Coal Targets Northwest to Get to Asian Markets – Environmentalists Fight Back

Cherry Point Reach, Washington State

In Cherry Point, Washington, north of Bellingham, conservationists have worked for more than a decade to restore the annual herring runs that occur off the coast. Over the past 40 years, stocks have declined on this 10-mile stretch of coastline from about 17,000 tons of herring spawning off the coast to less than 1,000 tons.

Biologists who have studied the problem blame three refineries, which combined see about 600 to 700 ship visits per year. Now one of the world’s largest shipping companies, SSA Marine, wants to build a new terminal here with the potential to ship up to 50 million tons of North American coal annually to China. The so-called Gateway Pacific Terminal would double ship traffic with much larger vessels and increase rail traffic in the region. Continue reading Big Coal Targets Northwest to Get to Asian Markets – Environmentalists Fight Back

Goldman Sachs and the U.S. Navy: The Good-Old-Boy Network

USS George Washington Carrier Strike Group
USS George Washington Carrier Strike Group

The most powerful man in the Navy authorized an aircraft carrier cruise for a classmate from the U.S. Naval Academy, Thomas Brasco, a wealthy executive at Goldman Sachs. High rolling colleagues at the Wall Street bank also came along for the ride.

Continue reading Goldman Sachs and the U.S. Navy: The Good-Old-Boy Network

Ex-Navy Secretary Turned Lobbyist Uses $500,000-A-Day Navy Ship to Entertain Business Associates — At Taxpayers’ Expense

USS Theodore Roosevelt
USS Theodore Roosevelt

Two months before the housing bubble peaked in 2006, John Dalton, former Navy secretary under President Bill Clinton, used his prior position to arrange a visit to a Navy aircraft carrier for him and 13 guests, according to documents released under the Freedom of Information Act to the National Security News Service. Dalton earned $3.1 million that year lobbying for the Financial Services Roundtable’s Housing Policy Council, a trade group that represents banks and other home mortgage lenders, his disclosure report with the Senate shows. According to its website, HPC actively represents “its member’s interests in mortgage finance and housing issues to Congress, the Administration and the industry. HPC members originate, service, and insure mortgages. …Member companies originate approximately 75% and service two-thirds of mortgages in the US.”

Continue reading Ex-Navy Secretary Turned Lobbyist Uses $500,000-A-Day Navy Ship to Entertain Business Associates — At Taxpayers’ Expense

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