Economy & Business

Election 2012: "Outside Spenders' Return on Investment"

Because of the Citizens United decision, spending on the 2012 election by fossil-fuel and anti-environmental-regulation groups was enormous. The actual results of the election seem to suggest that these business lobbies made some disastrously bad investments. The common media narrative that big money makes big business omnipotent (or omniscient) may be due for fact-checking.

Source: Sunlight Foundation, 11/09/2012

"Oil Refining's Fortunes Rise"

"THREE RIVERS, Tex. — The refinery business has long been the difficult stepchild of the oil industry, expensive to run, prone to accidents and a low-margin headache for executives who preferred drilling for gushers. But signs of the improving fortunes for the industry can be seen at Valero Energy's Three Rivers refinery here, about 70 miles south of San Antonio at the doorstep of a giant new shale oil field."

Source: NY Times, 10/25/2012

"U.S. Concern Over Compounders Predates Outbreak of Meningitis"

"A year before people began dying of meningitis caused by a tainted drug from a compounding pharmacy in Massachusetts, the Food and Drug Administration worried that compounders across the country might be selling another substandard drug, one possibly made with unapproved Chinese ingredients."

Source: NY Times, 10/23/2012

Feds Trust Private Contractors To Make Calls on FOIA Secrets

Danielle Ivory reports for Bloomberg: "At least 25 federal agencies are outsourcing parts of the FOIA process. The contractors, sometimes using workers with security clearances, are building FOIA software, corresponding with requesters, redacting documents and recommending what information should be withheld."


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