In June of 2014, a representative of oil-by-rail giant Burlington Northern Santa Fe (BNSF) attended a meeting with regulators where the American Association of Railroads (AAR) lobbied against any speed limits for oil trains. One of the slides from that presentation – titled “Far Reaching Economic Impacts” (image below) — predicted dire consequences to the American economy if speed limits were put in place.
Vice President Joe Biden is considering a run for president. But Biden is currently working behind the scenes to push the Trans-Pacific Partnership (TPP), which most (if not all) core Democratic-aligned groups will likely oppose. Can Biden run for president as a Democrat after pushing TPP on us?
There was plenty in the complex deal to benefit bankers, lawyers, executives and hedge fund managers. Patriot Coal Corp. was bankrupt, but its mines would be auctioned to pay off mounting debts while financial engineering would generate enough cash to cover the cost of the proceedings. When the plan was filed in U.S. bankruptcy court in Richmond last week, however, one group didn’t come out so well: 208 retired miners, wives and widows in southern Indiana who have no direct connection to Patriot Coal. Millions of dollars earmarked for their health care as they age would effectively be diverted instead to legal fees and other bills from the bankruptcy.
Efforts by big business interests to block implementation of Seattle’s minimum wage increase took a step back Friday as a federal appeals court ruled the city’s wage law is constitutional.