Showing posts with label corporate bankruptcies. Show all posts
Showing posts with label corporate bankruptcies. Show all posts

September 29, 2016

Reclaiming Appalachia

A Republican-leaning public opinion research recently released a multi-state coal country survey on attitudes on the RECLAIM Act, a bipartisan piece of legislation that has generated some buzz in the US House. The group, Public Opinion Strategies, found overwhelming support for the Act across the region and across political lines.

Here's some of what the proposed legislation would do:

“A proposal in Congress would release one billion dollars in existing money from the Abandoned Mine Reclamation Fund which was collected from coal producers over the last forty years. The proposal, known as the RECLAIM Act, would release this money to affected states to help revitalize coal communities hit hardest by the downturn in the coal industry. Communities could apply for grants to restore abandoned mine lands, invest in economic development projects to put people to work, and tackle infrastructure needs such as ensuring clean drinking water."
This legislation is different from the Miners Protection Act, which has gained traction in the US Senate. That legislation would use AML money to protect promised health care benefits to over 20,000 miners.

The United Mine Workers supports both, but the latter is its top priority and the union has said its support for RECLAIM hinges on passage of the Miners Protection Act first. The AML currently has a budget of $2.5 billion.

I'd like to see both pass, but at this point I'd be glad to see either--and I hope the bills don't kill each other. It is nice that despite political polarization and overheated rhetoric these days, politicians from both major parties have agreed on the need to come to the help of those harmed by the downturn in the coal industry.

August 12, 2013

A little good news

Congratulations to the United Mine Workers of America for reaching a settlement with Patriot Coal that preserves some of the benefits promised to retired miners. Details of the settlement aren't available yet. The company was formed from holdings from the Arch and Peabody coal companies. Many observers contend, with the union, that Patriot was set up to fail as a way of getting rid of promised benefits to retired union miners.

Despite an unfavorable ruling by a federal judge in May, the union kept up the pressure and protests, even as its leaders continued to try to reach a negotiated agreement.

Lots of us who sympathized with the miners were also concerned about the precedence this bankruptcy deal would set. The obvious question was, "Who's next?"

I'm glad they held the line.

MANDATORY MINIMUMS. Here's Politico on US Attorney General Eric Holder's proposal for sentencing reform.

FRIENDS IN HIGH PLACES. Here are the latest hijinks from the WV Attorney General's office.

FESS UP. OK, who smuggled this snapping turtle into Germany? It has to be a Goat Rope reader. I even tremble to think that the turtle in question might be this Goat Rope contributor.

GOAT ROPE ADVISORY LEVEL: ELEVATED


May 30, 2013

Who's next?

Union retired coal miners and their families hoped for justice from a federal judge in the Patriot Coal bankruptcy case--and found none. Corporate promises these days aren't worth the paper they are written on. I think it's time once again to quote Leonard Cohen:

Everybody knows the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes.
And everybody knows.
MIGHT AS WELL eat bugs.

May 23, 2013

I had to ask

Today I attended a rally for union coal miners and retirees in danger of losing promised benefits from Patriot Coal. I'm proud that the American Friends Service Committee was one of many groups that signed on in support of those in danger of losing health benefits due to a corporate bankruptcy from a company that was set up to fail.

It so happened that I saw some old friends from my first big fight, the Pittston Coal strike. It turns out that one of the best union hell raisers I've ever known is now a preacher. For some reason this strikes me as a little weird, but it probably shouldn't. One former UMWA official told me a long time ago "Half our members are preachers."

 When I caught up with him he was busy preparing a sermon.

"What's it about?" I asked.

"Love," he said.

"For it or against it?" I responded.

"For it," he replied.

Just checking. You can't be too sure these days.

COVERAGE OF THE RALLY here.

POLITICAL? Meanwhile, former Massey CEO Don Blankenship claims that if he goes to jail for his role in the deaths of 29 miners at Upper Big Branch, it will be "political." I would have used a different word. Like maybe overdue.

TOLKIEN GEEKS, this link is just for you.

GOAT ROPE ADVISORY LEVEL: ELEVATED