Tag Archives: ceo

One city is making a good start at tackling its homelessness problems — thanks to a lawsuit.

What could go wrong?

The Stones field, 200 miles south of New Orleans and 1.8 miles beneath the water surface, is far deeper than the field tapped by the Deepwater Horizon rig, which exploded in 2010, killing 11 workers and spilling about 5 million barrels of oil into the Gulf of Mexico.

The new project, the Guardian reports, could be a boon to Shell CEO Ben van Beurden, whose annual bonus is linked to completing major new projects. But some Shell shareholders will be less than pleased. At the company’s annual meeting last year, many shareholders pushed to end CEO bonuses for actions that harm the climate and to require investments in renewables.

Last year, van Beurden admitted that we cannot burn all the fossil fuel reserves on the planet and expect global temperature rise to stay below 2 degrees Celsius. Above 2C, climate scientists warn that the consequences will be severe and, in some cases, irreversible. So far, we’re halfway there.

But Shell is just continuing on with business as usual: The company forecasts that its deep-water production capacity will grow dramatically by the early 2020s.

View article: 

One city is making a good start at tackling its homelessness problems — thanks to a lawsuit.

Posted in alo, Anchor, eco-friendly, FF, G & F, GE, ONA, The Atlantic, Uncategorized, wind power | Tagged , , , , , , , , , , , | Comments Off on One city is making a good start at tackling its homelessness problems — thanks to a lawsuit.

Shell has started pumping from the world’s deepest underwater oil field.

What could go wrong?

The Stones field, 200 miles south of New Orleans and 1.8 miles beneath the water surface, is far deeper than the field tapped by the Deepwater Horizon rig, which exploded in 2010, killing 11 workers and spilling about 5 million barrels of oil into the Gulf of Mexico.

The new project, the Guardian reports, could be a boon to Shell CEO Ben van Beurden, whose annual bonus is linked to completing major new projects. But some Shell shareholders will be less than pleased. At the company’s annual meeting last year, many shareholders pushed to end CEO bonuses for actions that harm the climate and to require investments in renewables.

Last year, van Beurden admitted that we cannot burn all the fossil fuel reserves on the planet and expect global temperature rise to stay below 2 degrees Celsius. Above 2C, climate scientists warn that the consequences will be severe and, in some cases, irreversible. So far, we’re halfway there.

But Shell is just continuing on with business as usual: The company forecasts that its deep-water production capacity will grow dramatically by the early 2020s.

Originally from:  

Shell has started pumping from the world’s deepest underwater oil field.

Posted in alo, Anchor, eco-friendly, FF, G & F, GE, ONA, The Atlantic, Uncategorized, wind power | Tagged , , , , , , , , , , , | Comments Off on Shell has started pumping from the world’s deepest underwater oil field.

Here’s Why Most Non-Whites Can’t Stand Republicans

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Over at The Corner, Roger Clegg highly recommends a piece in Forbes about a new SEC proposal that would require public companies “to include in their proxy statements more meaningful board diversity disclosures on their board members and nominees.” This rule would not mandate any diversity goals. It would merely require a disclosure of current board diversity and any future diversity plans, if any. Here’s the Forbes piece:

In May, 1996, Sister Doris Gormley wrote a letter to T.J. Rodgers, the founder and then-CEO of Cypress Semiconductor. She argued that Cypress ought to diversify its board by adding some women.

Replying to her, Rodgers wrote, “Choosing a Board of Directors based on race and gender is a lousy way to run a company. Cypress will never do it. Furthermore, we will never be pressured into it, because bowing to well-meaning, special-interest groups is an immoral way to run a company, given all the people it would hurt. We simply cannot allow arbitrary rules to be forced on us by organizations that lack business expertise.”

To people who actually run business enterprises, getting sound advice from the board is important. It can help them avoid costly mistakes. But that requires deep knowledge of the specific business field. Companies have every incentive to find such people, which has nothing at all to do with the happenstance of their ancestry or sex.

If Republicans are wondering why blacks, women, Hispanics, Asians, and pretty much every non-white-male group in America seems to hate them, this is why. If you want to oppose diversity mandates, that’s one thing. There are ways to do it. But to blithely claim that the whole idea is nonsense because no board of directors in America would ever choose a board member for any reason other than pure merit? This is just willful blindness. Every black, female, Hispanic, and Asian person in the country has been a victim of this faux meritocracy argument and knows perfectly well that it’s rubbish.

All that is bad enough. But then to get high-fived for it by National Review and the Wall Street Journal and Fox News? It rubs non-white faces in the fact that conservatives not only don’t want to make any real efforts to break up the white men’s club, but that they’ll go out of their way to deny that it even exists. So they vote for Democrats. At least the Dems don’t flatly insult them with obvious baloney.

For reference, compare this to Lauren Rivera’s conclusions after sitting in on post-interview discussions of candidates for a professional services firm (via Leniece Brissett at Vox). Here’s a summary in the Harvard Business Review:

Black and Hispanic men were often seen as lacking polish and moved to the reject pile, even when they were strong in other areas, whereas white men who lacked polish were deemed coachable and kept in the running. A similar pattern emerged among men who appeared shy, nervous, or understated: Nonwhites were rejected for being unassertive, but in whites, modesty was seen as a virtue. Among candidates who made minor mistakes in math, women were rejected for not having the right skills, and men were given a pass—interviewers assumed they were having an “off” day.

Different kinds of people, it turns out, were evaluated very differently:

I don’t doubt that most corporate board members think they consider nothing but pure merit. But they plainly don’t. The CEO wants board members who will support him. Another board member wants to repay a favor. Another recommends someone who sits on another board with him. The others want people who will “fit in.” And in between all that, yes, there will be a few chosen for their particular expertise.

If Republicans care even a tiny bit about ever appealing to non-whites, the very least they need to do is acknowledge that non-whites face particular problems and biases that are often subtle, often unconscious, and haven’t disappeared yet. Even if they never support doing anything about it, they have to at least acknowledge this. If today’s anti-diversity harangues are any indication, they’re nowhere near that yet.

Source:  

Here’s Why Most Non-Whites Can’t Stand Republicans

Posted in alo, Everyone, FF, G & F, GE, LAI, LG, ONA, PUR, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Here’s Why Most Non-Whites Can’t Stand Republicans

Biofuel Boosters Rally Support for Higher EPA Blending Levels in 2017

back

Biofuel Boosters Rally Support for Higher EPA Blending Levels in 2017

Posted 3 June 2016 in

National

FOR IMMEDIATE RELEASE: June 3, 2016
PRESS CONTACT: Zachary Cikanek, 202.677.7043, zcikanek@fp1strategies.com

WASHINGTON, DC – The nation’s leading biofuel advocates are rallying supporters to urge the Environmental Protection Agency (EPA) to increase its proposed 2017 targets under the Renewable Fuel Standard (RFS). With the start of the EPA’s public comment period this week and the announcement of a public hearing on June 9, supporters have a limited time to call on the EPA to make more ethanol and other biofuels available to consumers in next year’s fuel mix.

“America can’t achieve its climate, health or economic ambitions without renewable fuels. Among the most powerful tools we’ve got in achieving those ambitions is the Renewable Fuel Standard – as long as it’s allowed to work,” said Adam Monroe, America Regional President, Novozymes North America. “We urge anyone who’s benefitted from the renewable fuel industry to speak out – and urge the Administration to listen to those voices and maximize renewable fuel production.”

“Consumers who care about having affordable options and a choice at the gas pump can get in on the action by contacting the EPA and asking their lawmakers to support a strong RFS,” said Emily Skor, CEO of Growth Energy. “Policymakers need to be reminded that ethanol producers, retailers and the current auto fleet are fully capable of accepting the statutory volumes as called for by Congress, providing consumers with a true choice and savings at the pump. As EPA noted in their own proposed rule, ‘To date we have seen no compelling evidence that the nationwide average ethanol concentration in gasoline cannot exceed 10 percent.’ It’s vital that we fight for the statutory biofuel targets for America’s 2017 fuel mix.”

“The proposed targets fall short of the statutory levels set by Congress,” said Bob Dinneen, President and CEO of the Renewable Fuels Association (RFA). “Consumers know that having only one choice at the pump – fossil fuels – is a vestige of outdated thinking and poor policy decisions. We must aim higher to protect the economic, environmental and energy security benefits of America’s most successful clean energy program.”

Supporters are urged to testify at the EPA field hearing in Kansas City or submit comments to the EPA by July 11, when regulators start writing a final rule.

Fuels America News & Stories

Fuels
See the original article here:

Biofuel Boosters Rally Support for Higher EPA Blending Levels in 2017

Posted in Anchor, FF, GE, ONA, Oster, Uncategorized | Tagged , , , , , , , , , | Comments Off on Biofuel Boosters Rally Support for Higher EPA Blending Levels in 2017

Notorious Coal Baron Don Blankenship Sentenced to a Year in Prison

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

A federal judge in West Virginia sentenced former Massey Energy CEO Don Blankenship to a year in prison on Wednesday for conspiring to commit mine safety violations at his company’s Upper Big Branch mine during a period leading up to the explosion there that left 29 miners dead in 2010.

The mountaintop estate where Blankenship once hosted visitors. Read MoJo‘s chronicle of Blankenship’s rise and fall in West Virginia. Stacy Kranitz

Blankenship was convicted of the misdemeanor charge in December, but the conviction was explicitly not linked to the Upper Big Branch disaster itself and Blankenship’s attorney worked hard to ensure the accident was hardly mentioned during the trial. And that verdict was a disappointment to prosecutors; he was found not guilty of the more serious felony charges of making false statements to federal regulators in the aftermath of the blast in order to boost Massey’s stock price. (Had he been convicted on all counts, he would have faced up to 30 years in prison.) The conspiracy conviction rested on evidence of Blankenship’s domineering management style, which emphasized profits over the federal mine safety laws designed to avert underground explosions:

The attention to detail that made Blankenship such an effective bean counter may also be his undoing. He constantly monitored every inch of his operation and wrote memos instructing subordinates to move coal at all costs. “I could Krushchev you,” he warned in a handwritten memo to one Massey official whose facilities Blankenship thought were underperforming. He called another mine manager “literally crazy” and “ridiculous” for devoting too many of his miners to safety projects. Despite repeated citations by the MSHA, Blankenship instructed Massey executives to postpone safety improvements: “We’ll worry about ventilation or other issues at an appropriate time. Now is not the time.” And this is only what investigators gleaned from the documents they could find: Hughie Stover, Blankenship’s bodyguard and personal driver—and the head of security at Upper Big Branch—ordered a subordinate to destroy thousands of pages of documents, while the government’s investigation was ongoing. (Stover was sentenced to three years in prison in 2012 for lying to federal investigators and attempting to destroy evidence.)

Before he stepped down as Massey’s CEO in 2010, Blankenship had built the company into one of the largest coal producers in the United States and become a polarizing figure in his home state, where he bankrolled the rise of the Republican Party, pushed climate denial, and crushed unions. For more on Blankenship, read my piece from the magazine on his rise and fall.

Read this article:

Notorious Coal Baron Don Blankenship Sentenced to a Year in Prison

Posted in alternative energy, Anchor, FF, GE, LG, ONA, Radius, solar, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Notorious Coal Baron Don Blankenship Sentenced to a Year in Prison

Big Donors Have Fled Jeb Bush’s Super-PAC

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

This summer, Jeb Bush’s warchest seemed unbeatable. In July, the pro-Bush super-PAC, Right to Rise, announced a record haul of $103 million. Bush insiders said at the time that this staggering total was meant to “shock and awe” the former Florida governor’s competitors and pressure uncommitted donors to either climb on the bandwagon or stay the hell out of the way. Now it’s Right to Rise’s fundraisers who must be feeling shocked and awed: According to just-released disclosures, they managed to raise just $15.1 million during the second half of the year, as Bush fell from presumptive favorite to Donald Trump’s favorite punching bag.

In July, when the super-PAC’s first-half numbers were released, we counted at least 23 donors who gave $1 million or more to Right to Rise. This time, there was just one donor who gave more than $500,000—former AIG chairman and CEO, Hank Greenberg, who donated a whopping $10 million. And where during the first half of the year Right to Rise had 9,400 donors, it reported just 155 contributors in its latest disclosure.

Last spring, the super-PAC was so worried about appearing elitist and hurting Bush’s “man-of-the-people” image that it instructed donors to hold off on making any donations larger than $1 million. According to its latest filing, the super-PAC still has $54 million in cash (after having blown more than $58 million), but still, Right to Rise officials must be regretting that decision now.

Follow this link: 

Big Donors Have Fled Jeb Bush’s Super-PAC

Posted in Anchor, FF, G & F, GE, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on Big Donors Have Fled Jeb Bush’s Super-PAC

There’s a New Video Game Where You Can Run Your Own Private Prison. It’s Strangely Addictive.

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

It’s late at night and I am staring at my computer screen, contemplating a decision: Do I go to bed or reorganize my prison so that medium- and maximum-security inmates go to chow and the yard at separate times? It would probably help bring the violence down. Or I could design a separate walkway from the maximum-security cellblock to the yard and put a fence down the middle to separate the dangerous from the more vulnerable inmates. This could easily take hours. This is why I swore off video games 15 years ago.

Around the same time that I quit gaming, developers Chris Delay, Mark Morris, and a couple of college friends began developing niche games in an industry dominated by blockbuster-driven companies with megabudgets. Their small, London-based company, Introversion, eschewed flashy graphics in favor of nuanced story lines and strategy. They designed a game about hackers and a sci-fi strategy game, Darwinia, which won the Independent Game Festival Award.

By 2010, the team was in a slump, and Delay took off on a vacation to San Francisco. During a tour of Alcatraz with his wife, the idea hit him: Why not design a game around a prison? Not an action-packed first-person shooter, but one where you play the CEO of a private prison company, tasked with designing, building, and managing your own lockup? Delay didn’t know much about prisons, but the more he researched—interviewing guards and former inmates—the more he realized they were ripe for the most complex of Sim City-style games.

Introversion, now with a staff of nine, spent the next five years designing Prison Architect. They released a beta version in 2012 and attracted more than 1 million players. It was their biggest hit, and they released the full version this month.

Like most simulations, the game has no real end point. The purpose is to delve ever deeper into a system you create, to wrestle with your own beliefs and morality in a fictional world whose mechanics bear a striking resemblance to real-life prisons.

Delay and Morris say they strictly avoided leading players to a particular moral conclusion. “We are not prison reformists,” Morris told me. “There is no agenda here.” This, ultimately, is what makes the game succeed. There is no secret trick to making your prison function well, and since you can’t really win, the very idea of what constitutes a successful prison is yours to interpret.

Introversion Software

Prison Architect is not an easy game. Newcomers go through a “campaign mode” tutorial where they are thrown into a succession of five prisons and tasked with fixing various problems. The learning curve is steep—I probably spent 20 hours working through it—but subplots about mob assassinations, an execution, and a prison CEO burning documents during a riot create tensions to string you along.

The real game, however, is a blank slate. You are given a piece of land, $30,000, eight construction workers, and 24 hours (24 minutes in game time) before your first eight prisoners arrive. You can adjust how many you take in each day, but as with real private prisons, inmates equal revenue. And even if profit isn’t your motive, you need money to operate.

Inevitably, you begin with certain necessities. You need to contain your prisoners, so you lay a foundation for temporary holding cells. You need to hire a warden, and the applicants range from even-tempered to inflexible, politically connected, or corrupt. The warden needs an office with a desk and filing cabinet to work in. The prisoners need to eat, of course, so you put up a kitchen and hire a couple of cooks. You quickly learn from your mistakes—prisoners walk off if they are not fenced in; toilets don’t function without a water pump and plumbing.

It’s once you master the basics that things get interesting—do you want to build a Scandanavian-style model of reform or a totalitarian hellhole? Do you want to take a stab at remedying the challenges of the US prison system, figuring out how to manage maximum-security prisoners without solitary confinement?

I decide to invest heavily in rehabilitative aspects. I make the cells spacious and well furnished. I put pool tables in common areas. I prioritize visitation and a library. I build a classroom and start up basic education, drug addiction treatment, and job training. The deeper I get, the more I find myself thinking like a prison bureaucrat. I stop paying attention to the particulars of each inmate’s rap sheet and hire a psychologist who gives me reports on the population as a whole, measuring everything from overall hygiene to spiritual fulfillment. Morale, I am happy to note, is high.

But then things start to slip. More prisoners are coming in than I have cells for. I need a new cellblock, which involves running electricity to the building, constructing cells, bringing in beds, building a day room, and more. As my workers build, I notice that prisoners aren’t getting enough food. Are there enough tables in the canteen? Do they need more time to eat? More cooks? Someone gets bloodied in the shower room. Should I assign a guard to watch over it from now on? Should I shake down the whole prison to get rid of any weapons? In focusing on prisoner well-being, I’ve neglected my staff, which is now getting exhausted. Should I build a break room and hire more guards so they aren’t so overworked, or invest in surveillance cameras and lay some off?

Before I know it, my growing list of issues has put the inmates on edge. One shanks a fellow prisoner in an overcrowded holding cell. Another has a hammer—did I not have enough guards in the workshop? A riot breaks out. The holding cell catches fire and the inmates run amok, killing guards and each other. Someone offs the chief of security—I didn’t give him a locking door!—which means I can’t give guards orders until I hire a new one. I call in riot police and the fire department. When things start to calm, I build a mortuary for all the bodies and decide I need to hire a dog patrol and maybe turn my new chapel into an armory.

Introversion Software

This is just the drift of my particular game. I learn that security lapses will lead to problems no matter how well you treat inmates, but tough-on-crime players will quickly find that denying privileges or raising the stakes for parole makes for a rowdy prison. They can beef up security, sure, but at some point they will realize money can only buy so many solitary cells. Inmates in the hole can’t do grunt work around the prison, so they will need to hire more janitors and cooks. They will also need extra guards to bring food to inmates who aren’t allowed to go to chow. Sooner or later, they might need to reconsider their approach: Should they just let it slide when inmates get caught boozing or hiding cigarettes?

Prison Architect is amazingly intricate, but the gamification creates certain falsehoods. Real private prisons, for example, aren’t rewarded when inmates get released. In real life, the only practical incentive for giving prisoners meaningful things to do is that it tends to keep them calm. Companies don’t get more money for turning out prisoners who don’t go back to crime.

There are also some major omissions. Race is functionally meaningless in Prison Architect. Morris says they were wary of “playing lip service to the issue,” though he is considering how race might be integrated into a future version. Inmates could be assigned traits like race, sexuality, and religion, and a small bias could be built into the game, he says, that makes prisoners congregate in communities that match their identities: “Once you’ve got that congregation occurring, it might be possible to model hatred.” A particularly hateful inmate might be prone to attacking members of another group, which could spark events like the race wars that have broken out in real US prisons. This would offer the player a new set of conundrums: Do you segregate by race? Lock the more hateful inmates in solitary? Try to create programs to help lower prisoner aggression while making sure inmates don’t run into someone they might stab in class?

The game makers say Prison Architect wasn’t based on any particular prison system, but I find it hard to come up with a prison that veers very far from a US-style lockup. Even when I get better at controlling the population, my reform-minded prison quickly goes bankrupt. Large cells and sweeping rehabilitative programs are expensive, so when my government grants run out, I have to shut down classes and drug treatment. I lay off guards and start serving worse—cheaper—food. I ponder whether I should build a shop and train inmates to make license plates to bring in some revenue.

Herein lies the message: Prisons are just one piece of a larger system. How they are operated makes a difference, yes, but they exist within the constraints of budgets, legislation, policing, and the conditions that drive people to crime. As long as those remain the same, competing philosophies about prison management won’t amount to much more than tinkering, figuring out how to squeeze a dollar late into the night.

Taken from: 

There’s a New Video Game Where You Can Run Your Own Private Prison. It’s Strangely Addictive.

Posted in alo, Anchor, ATTRA, FF, GE, LG, ONA, PUR, Radius, Ultima, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on There’s a New Video Game Where You Can Run Your Own Private Prison. It’s Strangely Addictive.

Monsanto’s Stock Is Tanking. Is the Company’s Own Excitement About GMOs Backfiring?

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Pity Monsanto, the genetically modified seed and agrichemical giant. Its share price has plunged 25 percent since the spring. Market prices for corn and soybeans are in the dumps, meaning Monsanto’s main customers—farmers who specialize in those crops—have less money to spend on its pricey seeds and flagship herbicide (which recently got named a “probable carcinogen” by the World Health organization, spurring lawsuits).

Monsanto’s long, noisy attempt to buy up rival pesticide giant Syngenta crumbled into dust last month. And Wednesday, Monsanto reported quarterly revenues and profits that sharply underperformed Wall Street expectations. For good measure, it also sharply lowered its profit projections for the year ahead.

In response to these unhappy trends, the company announced it was slashing 2,600 jobs, 12 percent of its workforce, and spending $3 billion to buy back shares. Share buybacks are a form of financial (as opposed to genetic) engineering—they magically boost a company’s earnings-per-share ratio (a metric closely watched by investors) simply by removing shares from the market. And buybacks divert money from things like R&D—or keeping a company’s workforce whole—and into the pockets of shareholders.

In a conference call with investors (transcript), Monsanto CEO Hugh Grant put a positive spin on the company’s prospects. “Our germplasm performance has never been better, our trait technology has continued to leap and our market position and pipeline remains strong,” he declared. But later, he hit upon a theme that became obvious when Monsanto was stalking Syngenta: that Monsanto’s leadership feels the company is too invested in high-tech seeds, and underinvested in old-fashioned pesticides. (The market for Syngenta owns the globe’s leading position.)

In the call, Jeff Zekauskas, an analyst with JP MorganChase, asked Grant whether Monsanto was still interested in boosting its pesticide portfolio by buying a competitor. Grant’s answer was essentially yes: “We still believe in the opportunity of integrated solutions,” i.e., selling more pesticides along with seeds. He added:

We’ve got a 400 million acre seed technology footprint. We’ve seen time and time again that we can increase revenue and improve grower service by bringing chemistry up on that footprint.

Translation: Our patented seeds and traits are sown on 400 million acres worldwide (about four times the size of California), and if we could sell more pesticides (chemistry) to the people who farm those acres, we could make more money. Later, he noted:

We continue to see duplication in R&D in the sector. We continue to see the low effectiveness of R&D with some of our competitors and we continue to think that consolidation in this space is inevitable.

Translation: Research-and-development investments in the ag-biotech/agrichemical sector aren’t paying off—not enough blockbuster new products—so the few companies remaining in the field (there are six) are going to start swallowing each other up.

Massive layoffs, share buybacks, dreams of buying up the pesticide portfolios of competitors—these aren’t characteristics of a company confident in the long-term profitability of its core technology: the genetic modification of crops.

Link: 

Monsanto’s Stock Is Tanking. Is the Company’s Own Excitement About GMOs Backfiring?

Posted in alo, Anchor, FF, G & F, GE, LG, ONA, ProPublica, PUR, Radius, Uncategorized | Tagged , , , , , , , , , | Comments Off on Monsanto’s Stock Is Tanking. Is the Company’s Own Excitement About GMOs Backfiring?

Rand Paul’s Super PAC is Powered By Whole Foods and Pot

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Rand Paul’s fundraising has been surprisingly anemic over the past few months as the GOP presidential candidate has found his message failing to resonate with some of the traditional sources of GOP campaign money, such as Wall Street. But a recent filing by a super PAC that supports him, and which is staffed by former aides and relatives of the Senator, shows that Paul is getting some traction with libertarian-leaning donors. The bad news for Paul is that the oufit backing his candidacy still raised $100 million less than the one backing Jeb Bush.

The super PAC, America’s Liberty PAC, reported raising $3.1 million in the first half of 2015, with two wealthy businessmen chipping in $1 million or more each. George Macricostas, the CEO of data storage company RagingWire, donated $1.1 million to the super PAC. Jeff Yass, the CEO of Philadelphia private investment firm Susquehenna International donated $1 million. Both represent relatively untapped sources of money for a conservative candidate. Yass has previously written large checks, but none larger than the $50,000 donation he made in 2004 to Club for Growth, while Macricostas appears to have donated a total of just over $12,000 prior to his $1.1 million donation to America’s Liberty.

The super PAC roped in other big donations, including $50,000 from John Mackey, the CEO of Whole Foods, and $50,000 from Patrick Byrne, the CEO of Overstock.com. The group also also received $15,000 from ICC Holdings, an Illinois company hoping to be one of the first companies to legally operate a commercial cannabis farm.

America’s Liberty PAC is one of two pro-Paul super PACs. To date, the group has spent about $412,000, and produced an anti-Jeb Bush online ad, mocking him as “Bailout Bush.” On the group’s payroll is the consulting firm of Jesse Benton, who is married to Rand Paul’s niece and who was previously a top aide to Ron Paul’s presidential campaign. Benton resigned from his position as campaign manager for Senate Majority Leader Mitch McConnell last August over his involvement with an ongoing scandal stemming from the 2012 Iowa caucuses. (A former Iowa state senator has admitted to taking money from the Ron Paul 2012 presidential campaign in exchange for his endorsement and is awaiting sentencing.) Since the beginning of the year, the super PAC has paid Benton’s company $63,000 for consulting work.

America’s Liberty PAC also reported paying John F. Tate, who was Ron Paul’s campaign manager in 2012 and now runs Campaign For Liberty, a grassroots libertarian group founded by Ron Paul.

View original post here: 

Rand Paul’s Super PAC is Powered By Whole Foods and Pot

Posted in Anchor, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on Rand Paul’s Super PAC is Powered By Whole Foods and Pot

Reddit’s Faction of Racist Trolls Celebrates CEO Ellen Pao’s Resignation

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

In the minutes following today’s announcement that Ellen Pao, Reddit’s embattled interim CEO, would be stepping down, users of the site responded with glee. Pao has been widely criticized by many of the site’s unpaid moderators for her recent tone-deaf firing of a popular employee—see here for more on what really happened with that—and for ignoring the moderators’ needs and contributions to running the platform. Yet beneath the celebration lurked a disturbing undercurrent of racism. As of 2:45 p.m. PST, the second most “upvoted” comment beneath the announcement was this:

The biggest problem with the comment isn’t the mocking of Pao’s Asian name. It’s the commenter’s handle, “DylanStormRoof.” Dylann Roof, of course, is the young man accused of massacring nine people at South Carolina’s Emanuel African Methodist Episcopal Church last month.

Other Redditors quickly alleged that DylannStormRoof moderates a notoriously racist subreddit:

Reddit’s trolls have been out to get Pao ever since she shut down five toxic subreddits last month, including one called r/shitniggerssay. They also aren’t psyched that she called out Silicon Valley’s misogynistic culture. That’s not to say that Pao’s handling of Reddit’s most controversial communities is the only reason she’s unpopular with users of the site, which is, after all, the 10th most trafficked on the internet. But today’s reaction illustrates the challenges her replacement, Reddit co-founder Steve Huffman, will face if he wants to rein in the site’s most offensive tendencies.

Update, July 10, 2015, 5 p.m. PT: Cooler heads on Reddit have since taken over, as they often do, burying “DylannStormRoof”‘s comment and up-voting a reply pointing out its racist connotations.

See original article – 

Reddit’s Faction of Racist Trolls Celebrates CEO Ellen Pao’s Resignation

Posted in alo, Anchor, FF, GE, LG, ONA, Radius, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Reddit’s Faction of Racist Trolls Celebrates CEO Ellen Pao’s Resignation