Tag Archives: Practices

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California Sues JP Morgan for Fraudulent and Criminal Debt-Collection Practices

A lawsuit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at least a three-year period. Read More

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Pope condemns “slave labor” conditions in Bangladesh

Coincident with the global May Day celebration of the rights of workers, the Pope has condemned the climate of “slave labor” that led to the tragic building collapse in Bangladesh last week. The Associated Press reported that during a private mass, Pope Francis was apparently outraged by a newspaper headline which noted that the 400 people who died in a garment factory in Dhaka were only paid the equivalent of 38 euros (about $50) per month. “That is what the people who died were being paid. This is called slave labor,” he was quoted as saying. “Today in the world this slavery is being committed against something beautiful that God has given us — the capacity to create, to work, to have dignity. How many brothers and sisters find themselves in this situation! Not paying fairly, not giving a job because you are only looking at balance sheets, only looking at how to make a profit. That goes against God!” The five garment factories inside the poorly constructed Rana Plaza in Dhaka housed some 3,500 workers – at last count, 402 had died in the collapse, while more than 2,500 are wounded. At least 150 people remain missing. This disaster followed a fire in another Bangladeshi factory five months ago which killed 112 people. The Pope then added: “There are many people who want to work but cannot. When a society is organized in a way that not everyone is given the chance to work, that society is not just.” Meanwhile, thousands of workers and other activists took to the streets of central Dhaka on Wednesday to demand improved working conditions and the death of the owner of the collapsed building,  Mohammed Sohel Rana. AP noted that one person at the rally spoke through a loudspeaker on the back of a truck: “My brother has died. My sister has died. Their blood will not be valueless.” Sohel Rana, 38, is now under police custody and is likely to be charged with negligence, illegal construction practices and forcing workers to toil in unsafe conditions. If no more charges are filed, he faces up to 7 years in prison (which will anger protesters demanding his death). “I want the death penalty for the owner of the building,” said one garment employee, according to AP. “We want regular salaries, raises and absolutely we want better safety in our factories.” Meanwhile, the Bangladesh High Court has ordered the confiscation of Sohel Rana’s properties, and a freeze on the assets of the owners of the factories which operated inside Rana Plaza, so that such funds can be used to pay surviving workers and families of the victims. The European Union also said it may take steps to force the Bangladeshi garment industry to upgrade facilities and improve work conditions by enacting changes to Bangladesh’s preferential, duty-free and quota-free access to EU markets. “The European Union calls upon the Bangladeshi authorities to act immediately to ensure that factories across the country comply with international labor standards,” EU foreign policy chief Catherine Ashton and Trade Commissioner Karel de Gucht said in a statement. The IndustriAll Global Union, the Swiss-based federation that represents 50 million workers around the world, established a May 15th deadline for Western retailer to propose fire and building safety standards for Bangladeshi factories. Bangladesh’s huge garment economy accounts for some $19 billion of annual exports, with 60 percent of that figure going to Europe. The next biggest market is the U.S. (23 percent). Some 3.6 million Bangladeshis work in the industry, the majority of them women. Garments account for 80 percent of Bangladesh’s total export business. More International Business Times Foxconn Suicides Continue: Two Workers From Its Zhengzhou Factory Leap From Dormitory Buildings, One Confirmed Dead Sophie Song April 29, 2013 Euro Zone Is Now In Its Longest Recession Ever, Economists Say Moran Zhang April 29, 2013 Continue Reading… Read More

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Can yoga boost your immune system?

If we’re finished obsessing about yoga jeans, perhaps it’s time to think about yoga and genes.Newly published research from Norway suggests that a comprehensive yoga program rapidly produces internal changes on a genetic level. The results help explain the well-documented health benefits of this ancient practice.“These data suggest that previously reported (therapeutic) effects of yoga practices have an integral physiological component at the molecular level, which is initiated immediately during practice,” writes a research team led by Fahri Saatcioglu of the University of Oslo. The team’s study is published in the online journal PLOS ONE.Continue Reading… Read More

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Brickbat: Are You Some Sort of Pervert?

When a single dad signed his
daughter up for females-only swim lessons at Toronto’s Dennis R.
Timbrell Recreation Centre, he didn’t realize just how seriously
staff took that “females only” stuff. Chris, whose last name wasn’t
reported by local media, said that when the two arrived at the
center he was informed he would
not be allowed to watch the lessons. He said that nothing on
the city’s website, where he’d signed up for the lessons, mentioned
that. City aquatics director Anne Jackson said the females-only
classes are designed to accomodate the “cultural and religious
practices and requirements” of some residents. Don’t worry, the
city also offers males-only classes, and the mothers of boys who
take them aren’t allowed to watch. Read More

Are You Some Sort of Pervert?

When a single dad signed his daughter up for females-only swim
lessons at Toronto’s Dennis R. Timbrell Recreation Centre, he
didn’t realize just how seriously staff took that “females only”
stuff. Chris, whose last name wasn’t reported by local media, said
that when the two arrived at the center he was informed he
wouldnot
be allowed to watch ;the lessons. He said that nothing on
the city’s website, where he’d signed up for the lessons, mentioned
that. City aquatics director Anne Jackson said the females-only
classes are designed to accomodate the “cultural and religious
practices and requirements” of some residents. Don’t worry, the
city also offers males-only classes, and the mothers of boys who
take them aren’t allowed to watch. Read More

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BP sold Texas oil refinery after making hundreds of people sick, victims claim

The victims in the case claim that BP’s oil refinery released highly toxic chemicals for 15 consecutive days in November 2011 and inflicted permanent environmental and health damages upon the local community. BP allegedly knew about the potential harm these chemicals could do, but “failed to take proper action to stop or control the release,” the lawsuit states.Additionally, years of unsafe practices at the refinery have polluted the city, most notably the series of explosions and fires that killed 15 workers and injured 1,000 in March 2005. And after polluting Texas City from 1998 until earlier this year, BP sold its refinery, reaping lucrative profits while abandoning the now-contaminated region.“BP made a tremendous amount of money while doing business in Texas City, sold the refinery at a large profit and then left Texas City and the people of Galveston County holding the bag for its mess,” reads the complaint, filed by lead plaintiff Samuel Charles Boyd Jr. “To be sure, the mess is enormous – so large that Texas City and Galveston County may very well never recover from the harm done to the area environment.”The lawsuit also alleges that because of BP’s violations of air pollution laws and guidelines, Galveston County now has the worst air quality in the US – a side-effect of the crude refinery that residents must now bear the consequences of.BP sold its Texas City oil refinery to Marathon Petroleum Corporation for $2.4 billion on Feb. 1, the company announced on its website.But although the lawsuit cites numerous instances in which BP’s refinery polluted the environment, killed workers or sickened residents, the complaint focuses on the impact of the 15-day period that released toxic chemicals into the air.”From November 10, 2011 through possibly early December 2011, BP reportedly released Sulfur Dioxide, Methyl Carpaptan, Dimethyl Disulfide and other toxic chemicals into the atmosphere,” the complaint reads. “Despite that the leak had been reported, BP denied the dangerousness of the leak, or that any harm could be caused from it.”While some refinery employees sought medical treatment, air monitors picked up on increased levels of toxins and residents described smelling an unpleasant odor, BP repeatedly denied that the chemicals were in any way harmful. The 474 plaintiffs named in the lawsuit now seek compensation for their repeated exposure to the dangerous chemicals produced by the refinery.“Plaintiffs seek remedy for the repeated exposures that have occurred as a result of the release of chemicals from the refinery, and also to send a message to BP, its officers and its Board of Directors – that the wanton poisoning of an entire community is not an acceptable business practice,” the complaint reads. “In this effort, plaintiffs seek punitive damages against BP in excess of $1 billion.”Meanwhile, BP is already defending itself in a trial over the environmental impacts of the 2010 Deepwater Horizon oil spill, which is considered the largest accidental marine oil spill in history. With the latest lawsuit against BP, the oil and gas company could be facing even greater penalties for its calamitous effect on the environment. Read More

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Herbalife auditor KPMG resigns amid information leak

NEW YORK — Herbalife shares reopened for trading in the late morning after the company learned that a partner at its independent auditor may have been trading Herbalife shares illegally.Herbalife’s stock was down 21 cents at $38.18 Tuesday. The broader market was mixed.Accounting firm KPMG told Herbalife that it had to resign as auditor because it learned that a KPMG partner may have used inside information to trade Herbalife stock.Herbalife said KPMG’s resignation was not related to Herbalife’s financial statements or accounting practices.The development comes at an awkward time for Herbalife. Hedge fund mogul Bill Ackman has publicly accused of it distorting its financial information. Herbalife has shot back, saying Ackman just wants to push the stock down for his own profit. Ackman has bet the stock would fall. ;Continue Reading… Read More