Showing posts with label stocks. Show all posts
Showing posts with label stocks. Show all posts
Tuesday, July 12, 2011

Report: Rupert Murdoch To Relaunch News Of The World As The Sun On Sunday

Monday, June 7, 2010

AP: Federal Judges Have Ties To Oil Companies

    oil spill

    According to the Associated Press, "More than half of the federal judges in districts where the bulk of Gulf oil spill-related lawsuits are pending have financial connections to the oil and gas industry, complicating the task of finding judges without conflicts to hear the cases."

    This conflict of interest is terrible, because at the end of the day, the American people's best interest will not be protected.

    Whistleblower lawsuits, whose objective is to alert the public to dangers associated with certain industries and sectors of the government, negatively impacting the public - in addition to other legal actions, where everyday Americans have sustained damage, will be tossed out of court by a judge looking out for their own pocketbook. It has happened many times.

    Any judge with ties to the oil industry, whether it be stocks, board memberships or relatives, should immediately recuse themselves from said cases.

    There have been notable cases where judges did not separate their best interests from that of the public and voted in favor of their stock in companies, rather than observing people's rights, in accordance with the law.

    The U.S. court system should have a failsafe that if a case meets a certain criteria, no judge can toss it from court.

    The Judiciary Report has seen corrupted judges invent technicalities, not based in U.S. or international law, to toss legitimate cases from court, because said jurist had stock in a defendant's company.

    This needs to stop. You'd be surprised how financial fraud would decrease if it did, as corporations would think twice before they engaged in misconduct, knowing the cases would go to trial and they could lose their shirts, if they did not make a proper settlement.

    AP IMPACT: Many Gulf federal judges have oil links

    MIAMI — More than half of the federal judges in districts where the bulk of Gulf oil spill-related lawsuits are pending have financial connections to the oil and gas industry, complicating the task of finding judges without conflicts to hear the cases, an Associated Press analysis of judicial financial disclosure reports shows.

    Thirty-seven of the 64 active or senior judges in key Gulf Coast districts in Louisiana, Texas, Alabama, Mississippi and Florida have links to oil, gas and related energy industries, including some who own stocks or bonds in BP PLC, Halliburton or Transocean — and others who regularly list receiving royalties from oil and gas production wells, according to the reports judges must file each year. The AP reviewed 2008 disclosure forms, the most recent available.

    Those three companies are named as defendants in virtually all of the 150-plus lawsuits seeking damages, mainly for economic losses in the fishing, seafood, tourism and related industries, that have been filed over the growing oil spill since the Deepwater Horizon drilling rig exploded April 20, killing 11 workers. Attorneys for the companies and those suing them are pushing for consolidation of the cases in one court, with BP recommending Texas and others advocating for Louisiana and other states...

    http://www.google.com

    Source URL: https://crystal-harris-sum.blogspot.com/search/label/stocks
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Thursday, May 6, 2010

U.S. Stock Market Plummets 1000 Points

    Vice President Joe Biden (left) and President Barack Obama (center)

    The U.S. stock market wildly fluctuated today, even plummeting 1,000 points at one point, on the news of economic turmoil coming out of Greece and the massive oil spill on the east coast of America.

    America is steeped in a terrible financial depression, where historic records have been set in the number of foreclosures and company collapses. Certain U.S. states have also recorded a record number of job losses. Yet, during this financial turmoil, the U.S. stock market kept soaring, with seemingly nothing to back it up.

    Greece Riots

    The U.S. Financial crisis of 2008, which began in Corporate America, has negatively impacted America and the world, in an ongoing and devastating depression that has not yielded. The fallout from which, can been seen today, in riots currently transpiring in Greece. Other nations such as Britain and Iceland have suffered massive job and economic losses.

    An international effort is needed to create failsafes for the global economy, lest the same crisis reboots itself in America, but at worst levels and spreads all over the world again (as predicted last week).

    Greece Riots

    Wall Street is in dire need of regulation. There is still a massive amount of financial fraud in Corporate America. The SEC, FBI and DOJ, have done a terrible job in stemming the problem, costing millions in America and the world, all they have worked for in their lives.

    This simply is not moral, just or decent. It poses a severe danger to the economic survival and development of the world and something needs to be done. There is no such thing as easy money. It always comes at a price. There is no substitute for hard work and honesty.

    Source URL: https://crystal-harris-sum.blogspot.com/search/label/stocks
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Thursday, April 22, 2010

Hollywood Lobbies For Industry Futures

    Hollywood

    In the biggest rip-off yet, Hollywood is lobbing the US Congress for industry futures to be traded on the stock market. Hollywood, a town built on organized crime seed money, thievery and criminal copyright infringement, seeks to offer the public the dubious opportunity to bet on the future performance of Hollywood films that most so-called industry executives can't even predict.

    Considering movie audience attendance and music sales have steadily plummeted, prompting the industry to increase prices to show some kind of profit, while reaching less people with their products, banking on Hollywood is like wagering on the Titanic (and no, I'm not talking about the movie).

    The fact of the matter is most Hollywood films and albums fail, ending up in the red. Studios and labels home for a few releases to do well, to save them from dozens of flops and financial failures. It is not like the food or airline industry in America, steadily packing in customers based on services people need.

    Box-office futures are dealt a blow

    April 22, 2010 - A Senate panel votes to ban the proposed futures exchanges, which are opposed by studios. Don't bet on betting on the box office.

    A Senate committee dealt a big blow to the plans of two trading firms looking to create a box-office futures exchange that would allow the movie industry as well as investors to wager on movie ticket sales...

    http://www.latimes.com

    Source URL: https://crystal-harris-sum.blogspot.com/search/label/stocks
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