Really? How do the bond-holders go about electing management?
You really are dumber than you look. Hard to imagine, really.
Yes, that is exactly what the communist bastard did.
*I* think it was stroke of genius...Why would a red socialist bastard such as you think anything different? No one should be surprised.
They just give away their money without ANY control? Dumb.
It's tought. Eminent domain is prevalent in scalawag-dominated political divisions. And here's an example of just/unjust use:
Suppose one owns a fried-chicken fast-food shop. The city condemns his land (along with many other parcels) to build or expand an airport.
So far, so good.
But in the airport exists fast-food outlets, including one that sells fried chicken.
So, in sum, the city condemned Jack's Fried Chicken Shack ("Where a breast in the mouth is as good as a thigh in the hand") and established a competitor.
Our beloved Constitution provides for it (5th Amendment).
Yep. By bailing out GM and Chrysler, the government effectively warped the marketplace, and not in Ford's favor. Sorta like the Mafia: We want part of your business or we'll use competition to drive you out.
Company borrows money, company can't pay it back, company goes bankrupt, creditors own the company. Happens everyday, nobody stole anything.
Even if they did, they didn't get much. According to GM's bankruptcy filing, they had assets of $82 billion and liabilities of $172 billion for a negative net worth of $90 billion.
-- Doug
On Jun 29, 11:27=A0am, Jack Stein wrote: =A0
Sure it does. It is really helpful to those suppliers who are left holding the bag when their customer decides not to pay them.
"Lobby Dosser" wrote in news:hvekq1$v6j$ snipped-for-privacy@news.eternal-september.org:
The well is about 18,000 feet deep below the seabed. It's highly unlikely that 18,000 feet of rock will suddenly collapse into a previously oil- filled void. Remember, the oil is being forced out by pressure. This pressure has to come from somewhere, and is most likely the surrounding rock slowly compressing the reservoir. As the reservoir empties, the rock will slowly settle into the available space.
What is maybe more likely, in addition to general poisoning of the Gulf ecosystem, is that the water temperature in the Gulf will rise to a point where the methane hydrates thaw out, releasing untold quantities of methane, a potent greenhouse gas, not to mention toxic to most life, resulting in mass extinction on a global level. Sounds like fun?
Hadn't thought about the hydrates! Ever read "Swarm"?
"BP engineers planned to shut off pipes that are already funneling some oil to two ships, to see how the cap handles the pressure of the crude coming up from the ground. Then they planned to close, one by one, three valves that let oil pass through the cap."
Got to catch a few more dollars worth of oil, before turning off the spigot, eh?
They have to stop the flow gradually .. if they slam it shut, it will cause the world's largest case of "water hammer" and it could be enough to blow a hole someplace in the earth's crust that could NEVER be repaired.
Why should they turn off the spigot?
So you fascist Canadians can control more of the oil market?
These are people who only care about 'yield'. Now their gold is flowing into the Gulf instead of their coffers. They truly don't give a rat's ass about the environment other than the fact that it affects their 'brand'. Yes, BP would like to stop the negative publicity but their true and main concern is to have their cake AND eat it too. They want to look good, but keep the oil as well. They would like to make that naughty well pay for the clean-up.
And as far as that pinprick in the earth's crust is concerned? That's like worrying about a hippo's bowels trying to ooze out through a mosquito bite. BP uses a well-proven tactic by using fear so that the population can applaud them when they finally triumph over this leak...but they want to keep the oil too.
BP has only one motive. ONE only. It is called money. They will say, do, promise anything with a straight face to get things their way, and considering the political connections those oil people have, they have a great pool of PR resources to draw from; the Republicans who have a bit of experience in that (Iraq) sort of thing.
I wonder which BP department is busier these days. Public Relations or Engineering.
a rat's ass about the environment other than the fact that it affects their 'brand'. Yes, BP would like to stop the negative publicity but their true and main concern is to have their cake AND eat it too. They want to look good, but keep the oil as well. They would like to make that naughty well pay for the clean-up.
------------------------------------ Basic definition of the function of a corporation, any corporation.
Lew
Absolutely. No way was I trying to infer that BP's dealings were anything unusual. But those types of corporations are aware that 'brand' is also valuable. It is one of the first pages in the corporate textbooks: "don't matter what we are/do, what do we look like to those who buy our shit." The one page is still being written: "How do we get out of this situation AND keep our stuff." Within that framework, that 20 billion BP promised Obama they were going to pay was nothing more than a political move to make Obama look like he's doing something in exchange for 'cooperation' from all those who are in Obama's pocket. Obama can't piss BP off too much, he also needs contributions. So, the headline being written, just in time for elections: " Obama's skillful handling of the situation allowed BP to save the day and humanity."
It's all smoke and mirrors, cardboard replicas and short pieces of string. Sweep away the bullshit and the Chicken Littles and what you have is: "how can we make the best of this oops in the Gulf."
Idiot!
Nice complement for Canadians.
snipped-for-privacy@w12g2000yqj.googlegroups.com... > So you fascist Canadians can control more of the oil market?
>
Don't know about the rest of the country or Canada, but there are a lot of BP stations in the South and in the last 3 weeks the larger BP logos are disappearing from the stations. The only place the BP logo is left is on the flourescent signs, I guess it takes longer to replace the signs.
Might as well use it now that it is turned loose.
I personally don't care if BP survives as a viable company or not (it will). However, hopefully they can be forced into supporting those most affected and cleaning up at least part of the spill.
I would bet there is more sweating and hand wringing in the PR department.
Alabama has more pressing problems than greasy beaches, starving fishermen and a shut down tourist industry, we have bingo wars.
basilisk
Haven't seen any, though there's only a couple of BP stations in the county. I didn't see any fewer on the way to Atlanta last weekend, or Birmingham two weeks earlier.
I hope they do. I'd rather not have one fewer competitor.
I don't know how the "bingo" parlors stayed open as long as they did. I've only been here a couple of years, but obviously the entire state is corrupt.
Could be a local thing, I don't know if all the stations in my area are owned by one entity or not.
Actually, the three escape holes in the new 'cap' are venting to the ocean. The other up hoses are long gone. This is a cap it off exercise. I noticed the flange was unbolted and the top pipe off. The new hat seats on the flange and uses it to hold pressure so it seems. I caught that watching the implementation.
Mart> >>
They have two intercept pipes that will carry off the oil once working. They should be there next week from what I heard.
Mart> Robatoy wrote:
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