Archive for the ‘InfoSources’ Category

Taking the Sweat Out of University Logo Apparel

Monday, April 21st, 2008

If you will excuse a bit of parental pride, I would like to report that my son Thomas, a sophomore at the University of North Carolina-Chapel Hill, has been involved in a protest aimed at getting UNC to participate in a program that protects the rights of workers who sew university logo apparel. On Friday, students held a demonstration on campus, while a smaller group is in the fifth day of a sit-in at the building containing the office of Chancellor James Moeser, the target of the pressure campaign. Carolina Blue clothing is among the most popular “brands” of university apparel.

The UNC actions are part of the latest wave of recent campus actions in support of the Designated Supplier Program (DSP), an initiative of the Worker Rights Consortium and United Students Against Sweatshops. Recent actions have taken place at schools such as Penn State University, the University of Montana, Appalachian State University and the University of Houston. While all the protests have been non-violent, more than 30 students were arrested last week at Penn State.

The DSP, launched in 2005, is an attempt to fight sweatshop conditions by getting universities to demand that licensee companies distributing their logo apparel make use of supplier factories that have been independently verified to pay a living wage and respect the right of workers to organize. Currently, more than 30 schools have signed on to DSP (including the entire University of California system), while officials at other institutions have resisted.

Apparel companies such as Nike, Champion (owned by Hanesbrands) and Russell Athletic (owned by Berkshire Hathaway) are among the big players in the $3 billion university logo market. Nike, the target of intensive protests during the 1990s over its use of sweatshop suppliers, has cleaned up its act, though the company itself has acknowledged that its suppliers do not always comply with its standards. Since monitoring its large number of plants—located in 36 countries—is impossible, the alternative is to direct business to a smaller group of factories known to treat their workers decently—hence, DSP. That way, students can ensure that the sweat in university apparel comes from wearers, not producers.

Note: The Worker Rights Consortium has an online database of factories around the world that produce university logo apparel.

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“Green” Corporations Among the Toxic 100

Tuesday, April 15th, 2008

The appearance of a new version of the Political Economy Research Institute’s Toxic 100 is a useful reminder that, for all their feel-good green ads, large corporations are still defiling the environment in a major way. This year’s list of the biggest corporate air polluters is led by DuPont and includes household names such as Dow Chemical, Eastman Kodak, General Electric and Exxon Mobil among the top ten. The companies are ranked by their “toxic score,” which the Institute calculates by multiplying the amount of toxic air releases reported to the EPA by the relative toxicity of the chemicals involved and the size of the population at risk of exposure.

What’s new this year is the inclusion of foreign corporations with facilities in the United States. There are three such listings in the top ten portion of the Toxic 100: Nissan Motor, Bayer Group and ArcelorMittal.

It’s interesting to see that foreign companies can be no less hypocritical than their U.S. counterparts when it comes to saying one thing about the environment and doing another. Nissan USA brags on its website about its Green Program, which uses as its catch phrase “seeking a symbiosis of people, vehicles and nature.” Bayer just announced it “will partner with the United Nations Environment Programme’s Regional Office in North America to help sponsor the 36th annual World Environment Day celebration.”

Even more awkward is the appearance on the list of steel giant ArcelorMittal. Just last month, it was one of a handful of corporate sponsors of the green jobs conference put on in Pittsburgh by the Blue Green Alliance, led by the United Steelworkers and the Sierra Club. The conference program contained a full-page ad for the company saying: “At ArcelorMittal, Sustainability is one of the company’s core values.” Under the corporation’s name is the motto “Transforming tomorrow.” Perhaps ArcelorMittal should focus a bit more on transforming its air pollution problem today.

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EMMA: Municipal Bond Documents Finally Being Made Accessible

Wednesday, April 2nd, 2008

For more than a decade, key corporate filings with the Securities and Exchange Commission have been available to the public at no charge through the EDGAR website. This has been a boon for transparency and a godsend for researchers.

During the same period, those who wanted to access analogous documents on tax-exempt bonds filed with the lesser known Municipal Securities Rulemaking Board (MSRB) have had to use commercial services such as Munistatements and DPC Data that charge hefty subscription or pay-per-view fees.

Now that is beginning to change. This week MSRB introduced EMMA (short for Electronic Municipal Market Access), which is described as “an Internet-based disclosure portal.” The key document EMMA will disclose is the Official Statement (OS), a prospectus that issuing agencies publish with details on new municipal securities.

The OS is useful not only to municipal finance specialists and investors in tax-exempt bonds. Because certain types of municipal securities such as industrial revenue bonds provide funding for private-sector projects, many OS filings shine a light on ways in which public money is being used to subsidize for-profit ventures.

EMMA starts out this week on a pilot basis covering only advance refundings of outstanding securities. The site also provides real-time trade price data — an effort to end market insiders’ monopoly on price information. Fuller access to OS filings will begin after June 30, but it remains to be seen whether EMMA will have the full search capabilities of Munistatements and DPC.

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Exposing Corporate Front Groups

Sunday, March 2nd, 2008

The Center for Media and Democracy recently joined with Consumer Reports WebWatch to create a new site called Full Frontal Scrutiny, which “seeks to shine a light on front groups—organizations that state a particular agenda, while hiding or obscuring their identity, membership or sponsorship, or all three.”

Full Frontal Scrutiny is an extension of the work that the Center has long been doing to expose corporate manipulation of public opinion. That work has been widely disseminated through the PR Watch journal and website as well as the Sourcewatch wiki.

Consumer Reports WebWatch, which calls itself “the internet integrity division” of the venerable watchdog group Consumers Union, says its mission is to “provide unbiased and practical research on Web site publishing and business practices; help devise guidelines for credibility; expose practices that are a cause for consumer concern; and recognize good practices.”

In its initial posts, Full Frontal Scrutiny has dealt with perennial opinion manipulators such as Big Pharma, the tobacco industry and “clean” coal producers.

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