Abestos all of a sudden - answer 1 word
|More than 1,100 Michigan residents have died from asbestos diseases in the last 20 years, according to government data compiled by the Environmental Working Group, a research organization.|
Mr. Bush has long argued for major changes in the tort system, many advanced by business interests, but his effort on Friday was his first major push to overhaul the process for handling asbestos claims. Critics have said that one reason the White House may have been less visible on the issue in the past is that until recently a main beneficiary of such a measure could have been Halliburton, the large oil field services and construction company once headed by Vice President Dick Cheney.
Halliburton has sought to limit its legal liabilities from asbestos claims against Dresser Industries, a company that made many products that contained asbestos and that Halliburton, under Mr. Cheney, acquired in 1998. On Monday Halliburton announced that two of its units had emerged from bankruptcy protection after formalizing a $4.7 billion settlement of asbestos claims that could involve more than 400,000 people.
|The American Trial Lawyers Association, however, says many of the companies that filed for bankruptcy were reorganized, not liquidated, and that few cases filed in court actually go to trial. Fifty to 60 cases have gone to trial annually in the past few years, Carl Carlton, a spokesman for the group, said Thursday. |
“That’s hardly clogging the courts,” Carlton said. “Why isn’t the president of the United States standing up for the hundreds of thousands of Americans who were poisoned by these companies that knew precisely what they were doing? They continued to expose their workers and their customers to this dangerous substance. Now the president wants to reward them.”
Halliburton’s Escape Plan.
The USA is headed towards being as corrupt as it was during Teapot Dome. And you conservatives are just going to sit there & let it happen, because you don’t think your guys are corrupt or do anything wrong.
|Instead, let’s talk about Halliburton’s well-executed $5 billion escape from its asbestos problems, most of which Cheney created when he orchestrated Halliburton’s purchase of Dresser Industries in 1998. Few people connect this problem with Cheney, but they should, given that he was in charge at the time and got a raise as a result of buying Dresser. |
Dresser’s asbestos problem was only a potential one when Halliburton bought it, but rapidly metastasized into a threat to Halliburton’s existence. By then, though, Cheney had gone off to Washington.
Yawn… come on man. Is this your first rodeo? Crap like this has been going on forever under everybodies administration and it ain’t never going to change.
Corruption, Government, OMG!
gtr4him - OK so you’re agreeing with me that issue is corruption? That’s the first step
|Quote (Mr Soul @ Jan. 12 2005,18:00)|
|gtr4him - OK so you're agreeing with me that issue is corruption? That's the first step|
Oh yeah. It's corruption all right. Can we stop it? Nope. As long as humans are humans there will be corruption.