Sunday, December 21, 2014

US CHAMBER OF COMMERCE NEWSLETTER #2

OMNI
US CHAMBER OF COMMERCE NEWSLETTER #2, December 21, 2014.
Compiled by Dick Bennett for a Culture of Peace, Justice, and Environmental Care.   (#1 March 3, 2013).

What’s at stake:  How do we create an affirmative government devoted to both freedom and equality in the pursuit of happiness and the preservation of earth and species?

My blog:

War Department/Peace Department
Newsletters
Index:
See:  Campaign Advertising, Bribery, Campaign Money, Capitalism, Chamber of Commerce, Citizens United, Climate Change, Common Cause, Control of Information, Control of Congress, Control of State Legislatures, Corporate-Pentagon-Media Complex, Corporate Personhood, Corporations, Democracy, Democratic Party, The Divide, Economic Inequality, Fraud, Inequality, Lewis Powell Memo, Lobbying, Money, Occupy, Plutocracy, Public Citizen, Republican Party, US Unregulated Capitalism, Wall Street.

Contents #1
[These items lead to an exhaustive assessment of the USCofC.]
Abramsky,  CofC’s Attack Plan
SourceWatch, Much More than a Lobby or Front Group
VelvetRevolution, Stop the Chamber
Google Search, Page One of Hundreds of Items

Contents US Chamber of Commerce Newsletter #2 2014
The One Percent US Chamber of Commerce
Claiborne, The Chamber, CEO Pay, Write SEC
Annenberg’s Fact Check, Chamber’s Fund Raising for Republicans
Hejtmanek, CofC Doesn’t Stand for Me
Local Chambers of Commerce Quitting National
US Chamber of Commerce and the Republican Party, Google Search Dec. 2014
Contexts:  US Capitalism
Matt Taibbi, The Divide (the few pay fines, the poor go to jail)
Another USA: Jim Wallis and Sojourners







US CHAMBER OF COMMERCE

CEO pay revealed, WRITE SEC

Claiborne D., SumOfUs.org us@sumofus.org via uark.edu 



to James
Corporations will have to start disclosing how much CEOs are paid compared to the typical worker if the SEC implements a new rule. But corporate lobbyists are fighting like mad to stop it.
Tell the SEC to resist corporate pressure and stick to its plan to require disclosure.
Sign the petition
James,
After years of delays, the SEC has just voted to enact a potentially game-changing provision of the Dodd-Frank Act on CEO compensation, and corporate America is fighting like mad to stop it.
The new provision requires corporations to disclose the amount their CEOs make compared to the salary of the median worker. Corporate actors are shocked because the rule is surprisingly strong -- it doesn't allow many of the usual gimmicks that corporations use to skew data. This new rule could set off a revolution at Walmart and other companies that are getting rich off of underpaid staff.
The US Chamber of Commerce and other big business organizations are frightened, and are fighting back, pressuring the SEC to change its mind during a sixty-day comment period going on now. Sign our petition to the SEC today to ensure that your voice is heard, and the SEC makes the right call on corporate disclosure.
This data is valuable for investors, as it helps them determine which companies are dangerously overloaded at the top. The new disclosure will create downward pressure in the industry by rewarding companies with more reasonable salary hierarchies. It will also get workers talking, and put overpaid executives in the spotlight. This could be a game-changer for out-of-control inequality. Help us ensure that the provision stays in place, to stop the wild greed at the top of the largest companies in the US.
Unsurprisingly, corporate lobbyists are doing everything they can to stop these new rules, and if it looks like the public isn't paying attention, the SEC might just give in and water down its disclosure requirements. We can't let them get away with that. Let's flood the SEC with comments demanding the strongest possible rules for holding CEOs accountable to their investors and the public. We know regulatory agencies speak up when the SumOfUs community speaks -- the Federal Communications Commission just cited our comments in its decision making it cheaper for incarcerated people to call their families.
Thanks for all you do,
Claiborne, Taren, and the team at SumOfUs.orgTruthOut: Federal Regulators Finally "Mind the Gap", 22 September, 2013.   SumOfUs is a world-wide movement of people like you, working together to hold corporations accountable for their actions and forge a new, sustainable path for our global economy. 



2
1.       

          Why the U.S. Chamber of Commerce Doesn’t speak for me!
  • Of the 32 million dollars the US chamber spent on the 2010  midterm election, 94% went to climate change deniers.
  • With a 200 million dollar annual budget, the chamber spends more than the next 5 lobbying groups combined.
  • In 2009 the chamber received 55% of its money from just 16 donors.
  • The chamber is set up in such a manner that it is not required to reveal who its donors are.
  • The US chamber is a corporate front group allowing large corporate interests to shield their donations to a group with a very partisan and regressive agenda.
  • The US chambers power comes from the claim that it represents three million businesses, but it doesn’t.
  • The chamber spends tens of millions of dollars each year lobbying congress in an attempt to block all attempts at progress on climate legislation .
                                                                                                                                
       History of the US Chamber of Commerce

·         Founded in 1912 as the worlds largest business federation
·         Headquarters in Washington D.C. directly across from the white house
·         The Chamber lobbied against involvement in WWII.
·         It lobbied against the Civil rights act of 1964
·         It supported the Joseph McCarthy hearings demanding the hunting down of subversives and communists in the 1950’s
·         In the 80’s and 90’s it fought to weaken the clean air standards, oppose the hazardous waste dumping ban, and lobbied to oppose the Kyoto greenhouse gas treaty
·         In 2009 one of the Chamber’s vice presidents for environment, technology and regulatory affairs called for a Scopes Monkey Trial on the science of climate change
·         Most recently the chamber petitioned the E.P.A. to take no action on climate change on the grounds that Populations can adapt to a warmer climate via a range of behavioral, physiological and technological adaptations.
·         The chamber supports the construction of the Keystone Pipeline to bring tar sands oil across the U.S. to be refined and shipped around the world from the Texas gulf coast.
Edward Hejtmanek  [Mr. Hejtmanek is a Fayetteville businessman.  –D]
LOCAL CHAMBERS QUITTING US CHAMBER
Dick,  The web address that has the list of cities that have quit the U,.S Chamber is available at www.fixthechamber.org      See also http://chamber.350.org/about/faqs/
                                                                         Thanks, Edward


US CHAMBER OF COMMERCE, Google Search, December 21, 2014, Page One
[See Source Watch for a comprehensive analysis.  –D]
https://www.opensecrets.org/.../detail.php?...
Center for Responsive Politics
US Chamber of Commerce Outside Spending ... For Republicans: $25,005,331. Against Republicans: $1,125,000. Total Electioneering Communications: $0
en.wikipedia.org/wiki/United_States_Chamber_of_Commerce
Wikipedia
The U.S. Chamber of Commerce's own history of itself describes it as .... In 2011, the Chamber hosted a "GOP Holiday Party" honoring the Republican National ...
In the news
Lowell Sun - 5 hours ago
Former GOP Florida Gov. Jeb Bush made the obvious official this week when he announced ...
Brooklyn Rail - 3 days ago
Boston Globe - 2 days ago
www.cnn.com/interactive/.../hamby-midterms-chamber-tea-party/
CNN
The U.S. Chamber of Commerce's political team is led by Scott Reed, left, and Rob Engstrom, a pair of veteran GOP tacticians who have helped transform the ...
www.sourcewatch.org/index.php/U.S._Chamber_of_Commerce
U.S. Chamber of Commerce, a powerful business lobbying group in the United .... The U.S. Chamber played a major role in the Republican victories in the 2010 ... it offered support to all pro-business candidates, regardless of party affiliation.
topics.nytimes.com/.../chamber_of_commerce_us/i...
The New York Times
Commentary and archival information about U.S. Chamber of Commerce from The New York ... In Raising Immigration, G.O.P. Risks Backlash After Election.
www.washingtonpost.com/.../the-biggest-winner-in-pr...
The Washington Post
May 21, 2014 - The country's largest business lobby aims to break tea party's hold on Republican Party.
time.com/.../chamber-commerce-2014-elections-tea-party-republica...
Time
Jul 14, 2014 - Tom Donohue U.S. Chamber of Commerce President and CEO Tom Donohue speaks during a news conference at the U.S. Chamber of ...
www.factcheck.org/2014/02/u-s-chamber-of-commerce-2/
FactCheck.org
Feb 7, 2014 - The U.S. Chamber of Commerce is the world's largest business ... the bulk of the organization's efforts skew sharply toward electing Republicans. ... a challenge to tea party-backed candidates, many of whom supported the ...
www.politico.com/.../chamber-of-commerce-2016-election-immi...
Politico
May 12, 2014 - The GOP shouldn't even field a presidential candidate in 2016 unless ...U.S. Chamber of Commerce President Tom Donohue said Monday.


CONTEXTS

Review: 'The Divide' by Matt Taibbi
 By MATT WELCH.  wall Street Journal,  April 11, 2014.
After the last financial crisis, big banks paid fines rather than facing prosecution.
When the polemicist who made Goldman Sachs synonymous with a "vampire squid" writes a book called "The Divide," with a subtitle that references "the wealth gap," one may reasonably anticipate some undergraduate-style fist-shaking about income quintiles and the predatory rich. But one would be wrong. Matt Taibbi's "The Divide" is primarily concerned with the grotesquely unequal application of American justice, between the too-big-to-jail Wall Street elite and the too-poor-to-fight minority underclass. "The cleaving of the country into two completely different states—one a small archipelago of hyperacquisitive untouchables, the other a vast ghetto of expendables with only theoretical rights," Mr. Taibbi maintains, "is a terrible story, and a crazy one." The characterization is typically overwrought, but the general indictment is broadly correct.
The Divide
By Matt Taibbi
Spiegel & Grau, 416 pages, $27
http://si.wsj.net/public/resources/images/RV-AN144_BKRV_D_D_20140410155847.jpg
Corbis
Mr. Taibbi's tale begins inside a Manhattan courtroom last year, as New York County District Attorney Cyrus Vance Jr. brings the first prosecution against a bank since the 2008 financial meltdown. "If we've learned anything from the recent mortgage crisis," Mr. Vance says, "it's that at some point, these schemes will unravel and taxpayers could be left holding the bag." So which of the nation's many culpable financial institutions is getting its belated comeuppance? A small, family-owned Chinatown operation you've probably never heard of called Abacus Federal Savings Bank. Mr. Taibbi argues that this "collection of freaked-out immigrant patsies" was guilty of little more than not detecting early enough that some of its non-deadbeat loan clients were underreporting their incomes on mortgage applications.
"Everyone got what they wanted from the Abacus prosecution," he writes. "The city got to say it was being tough on financial crime. The press got to run a thrilling picture of harsh justice. Mr. Vance got a line to add to his résumé. The only losers were the public, who had no idea that the real culprits for the financial crisis were being set free, while the bank on trial had nothing to do with the losses that had been suffered by almost every ordinary American in the crash."
This technique of whiplash juxtaposition is Mr. Taibbi's main narrative device. Abacus, whose 19 defendants were reportedly chained together for their first perp-walk through the courtroom, is held up against 2008's parade of horribles—Countrywide, Citigroup,JPMorgan Chase, AIG—each of which, eventually, signed non-prosecution agreements with the Department of Justice, paying massive civil fines for such offenses as mortgage fraud and discriminatory lending practices instead of having the institutions or their employees suffer criminal sanction.
It would be one thing to simply point at such judicial disparity and cry foul. Mr. Taibbi's contribution is to trace the bureaucratic process that created a prosecutorial doctrine that calls for weighing "collateral consequences"—that is, anything that might hurt innocent bystanders—when deciding whether to bring a case against a corporation. "Prosecutors may take into account the possibly substantial consequences to a corporation's officers, directors, employees, and shareholders," reads a 1999 Justice Department memo written by a then obscure lawyer named Eric Holder.
By 2009, Mr. Holder's collateral-consequences memo had melded with the concept that some banks were so important to the economy that they were "too big to fail." When Mr. Holder's Justice Department announced that it would not prosecute the Swiss bank UBSfor its role in the Libor price-fixing scandal but would instead extract a $1.5 billion settlement, the attorney general explained the logic: "I'm not talking about this case, but in others that we have resolved, the impact on the stability of the financial markets around the world is something that we take into consideration." Not only were large banks essentially immune from prosecutions, their executives were, too.
Such delicate enforcement could not be in sharper contrast, Mr. Taibbi argues, to the routine police and prosecutorial overreach exercised against minority and immigrant populations in the United States. He profiles a resident of Brooklyn's Bedford-Stuyvesant neighbordhood with a previously clean record, who gets cited for riding a bicycle on an empty sidewalk, then goes to court three times to contest a $100 fine he can't afford. He introduces us to a Colombian immigrant entrepreneur and 10-year resident of Georgia who gets deported into a Bosch-style Mexican hellscape after being caught at a roadside checkpoint while driving without a license. And several chapters are filled with a roster of less sympathetic gutter punks, zombified prostitutes and former street criminals routinely stopped, fined and marginalized with a relentlessness out of proportion to anything the rest of us would recognize as a dignified or free life.
Mr. Taibbi aims to outrage more than persuade, so readers who are more skeptical than he about, say, the racist motivation of cops, or the presumed guilt of most major financial institutions, will find reasons to be suspicious of the author's characterizations of police-suspect encounters. Even I, who tend to agree with his underlying assumptions, wished for a more intellectually rigorous consideration of the opposing point of view: Maybe aggressive policing does reduce crime, and maybe bailing out the big banks really did avert the next Great Depression. It would be interesting to see what a writer of Mr. Taibbi's talent would produce if he slowed down and concentrated on proving beyond a shadow of a doubt the exact details of claims that are almost too lurid to believe, such as the shocking assertions in his chapter on the Lehman Brothers/ Barclays sale of 2008.
But at heart "The Divide" is a face-slap, not a legal brief. Though Mr. Taibbi doesn't couch it in these terms, his warning is all about moral hazard, in two senses of the phrase. When swindlers know that their risks will be subsidized, and their potential crimes will be punishable only through negotiated corporate settlements, they will surely commit more crimes. And when most of the population either does not know or does not care that the lowest socioeconomic classes live in something akin to a police state, we should be greatly concerned for the moral health of our society.  —Mr. Welch is editor in chief of Reason and co-host of "The Independents" on Fox Business Network.

A new book from Jim Wallis!
Sojourners [sojourners@sojo.net]
To: James R. Bennett   Tuesday, March 05, 2013 8:56 AM
Dear Dick,
April 2013 magazine cover"My concern is not whether God is on our side; my greatest concern is to be on God's side.”—Abraham Lincoln

Jim Wallis’
newest book, On God’s Side: What Religion Forgets and Politics Hasn’t Learned About Serving the Common Good, examines the deepest problems this world faces. What we need is a commitment to an ancient idea whose time has urgently come: the common good.
How do we work together, even with people we don’t agree with? How do we treat each other, especially the poorest and most vulnerable? How do we take care of not just ourselves, but also one another?
On God’s Side will be released on April 1, but you can read an exclusive excerpt in the April issue of Sojourners magazine!
To be inspired to make a spiritual and practical commitment to the common good, order your subscription to Sojourners magazine. If you order today, you’ll receive our very best price!
Don’t miss any of this! Sign up today and get your copy of Sojourners’ April issue.



END US CHAMBER OF COMMERCE NEWSLETTER #2