LONDON (AFP) – BP’s chief executive Tony Hayward resigned on Tuesday, claiming to have been “demonised and vilified” over the Gulf of Mexico oil spill disaster that is set to cost the British group 32 billion dollars.
Hayward, whose PR gaffes made him a target of US fury, will be succeeded by Bob Dudley, who is in charge of BP’s Gulf clean-up operations and who has vowed to “change the culture” of how the company tackles safety issues.
BP on Tuesday said it had made a record 16.9-billion-dollar loss in the second quarter, and will sell 30 billion dollars of assets over the next 18 months as it seeks to return to profitability.
Cutting entitlement spending requires us to think beyond what is in our own immediate self-interest. But it also runs against our sense of fairness: We have, after all, paid for entitlements for earlier generations. Is it now fair to cut my benefits? No, it isn’t. But if we don’t focus on our collective good, all of us will suffer.
Many experts on the war, both in the military and the press, have long been struggling to come to grips with the conflict’s complexity and nuances. What is the public going to make of this haphazard cache of documents, many written during combat by officers with little sense of how their observations fit into the fuller scope of the war?
“Punting the Pundits“ is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.
CNN’s “Reliable Sources” from Sunday is worth watching. American University’s Jane Hall has the best quote, in my opinion: The former Fox contributor said Shirley Sherrod was the victim of “virtual world McCarthyism.” I wasn’t that disciplined or clever in my comments. I was angry at the attempt to make this story about the Obama administration (I’ve already stated my objections to how Obama handled the mess), to whitewash the role of Fox in the scandal, and to try to turn the tables on Shirley Sherrod and insist she’s wrong to call either Fox or Breitbart “racist.”
The most important point is this: Fox News has, sadly, become the purveyor of a 50-state “Southern strategy,” the plan perfected by Richard Nixon to use race to scare Southern Democrats into becoming Republicans by insisting the other party wasn’t merely trying to fight racism, but give blacks advantages over whites (Fox News boss Roger Ailes, of course, famously worked for Nixon). Now Fox is using the election of our first black president to scare (mainly older) white people in all 50 states that, again, the Democratic Party is run by corrupt black people trying to give blacks advantages over whites (MSNBC’s Rachel Maddow laid out this history last week).
Watch the video for yourself, and see what I said. First of all, the idea that any journalist is wasting his or her time policing Shirley Sherrod’s rhetoric on race, after what she’s been through, is absurd. But what I said was, I think her charges of racism by Fox and Breitbart are justified. Both are peddling a false story of all the nonexistent ways white people are hurt and/or oppressed by blacks; in particular, our black president. In my book, that’s racist; others may disagree. I didn’t give Sherrod carte blanche to peddle hatred of white people (not that she would if I gave it to her).
It’s not my job, either way. Fox and Breitbart are far more powerful, and dangerous, than Shirley Sherrod. They should be ashamed of themselves, but they’re shameless.
The US House of Representatives Judiciary Committee Votes to Impeach President Richard Nixon
On July 27, 1974, the House Judiciary Committee recommended that president Richard Nixon be impeached and removed from office. It was the first such impeachment recommendation in more than a century. The vote was 27 to 11, with 6 of the committee’s 17 Republicans joining all 21 Democrats in voting to send the article to the House. Nixon resigned before he was impeached by the full House.
In May 1974, the House Judiciary Committee began formal impeachment hearings against Nixon. On July 27 of that year, the first article of impeachment against the president was passed. Two more articles, for abuse of power and contempt of Congress, were approved on July 29 and 30. On August 5, Nixon complied with a U.S. Supreme Court ruling requiring that he provide transcripts of the missing tapes, and the new evidence clearly implicated him in a cover up of the Watergate break-in. On August 8, Nixon announced his resignation, becoming the first president in U.S. history to voluntarily leave office. After departing the White House on August 9, Nixon was succeeded by Vice President Gerald Ford, who, in a controversial move, pardoned Nixon on September 8, 1974, making it impossible for the former president to be prosecuted for any crimes he might have committed while in office. Only two other presidents in U.S. history have been impeached: Andrew Johnson in 1868 and Bill Clinton in 1998.
Saturday night’s closing keynote speech was given by Sen. Al Franken. It was a good speech with touched of Al’s classic humor directed at his audience. While I don’t agree with part of what he says about HCR and FinReg, it was the last 20 minutes on Net Neutrality and how important it is to protect it and the free flow of information that we have on the Internet. The first two segments can be viewed here and here. At the end Sen. Franken announces that NN11 will be in Minneapolis, MI