Economy & Business

Nine Years After Request for FEMA Katrina Records: Nothing

The Project on Government Oversight FOIA'd FEMA/DHS in 2006 for documents that might reveal hanky-panky with billions of dollars in Hurricane Katrina recovery contracts. In December 2015, DHS finally wrote POGO to say that disclosing the records would constitute an "unwarranted invasion of privacy."

"Texas Oil And Gas Regulators Keep Close Ties To Industry"

"The cozy relationship between state oil and gas regulators and the industry they monitor is typified by a revolving door of officials who leave the Texas Railroad Commission to lobby for energy companies, including several who recently departed and made six-figure salaries working the Capitol hallways last year."

Source: Austin American-Statesman, 03/29/2016

"As Coal’s Future Grows Murkier, Banks Pull Financing"

As coal stocks plummet and a growing number of coal companies face bankruptcy, large banks are increasingly taking their money out of coal investments.

"Tens of thousands of miners were on strike and coal prices were skyrocketing in October 1902. Afraid of unrest, President Theodore Roosevelt sought the help of John Pierpont Morgan.

The powerful banker, who held great sway over the coal industry, brokered a deal with the miners that ended the strike.

Source: NY Times, 03/21/2016

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