Most of the coal we burn in Massachusetts – including the coal burned at the Mount Tom power station in Holyoke – comes from Colombia. So we have a very real connection to the miners at La Preciosa coal mine in Sardinata, Colombia, where an explosion has claimed twenty-one lives.

I am trying to identify workers’ organizations that we in Massachusetts can work with to support the injured miners and bereaved families. So far I’ve contacted the United Mineworkers of America, Justice for Colombia, and the Colombian branch of the International Labor Organization. As soon as I have any news I’ll post it.

In the meantime, if you know of any other organizations likely to have on-the-ground links to the community near La Preciosa, please tell me (peter@petervickery.com) and I’ll help spread the word.

The struggle of the coal-miners of Colombia is intimately bound up with our campaign for climate justice. Let’s show some real solidarity.

Continue reading Colombian Coal Mine Explosion

and Spawned a Global Crisis

{ Cross-posted at Blue Mass Group }

Excerpted from THE MONSTER: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America–and Spawned a Global Crisis by Michael W. Hudson. Published in November by Times Books, an imprint of Henry Holt and Company, LLC. Copyright (c) 2010 by Michael W. Hudson. Reprinted with permission of Times Books. All rights reserved.

Introduction: Bait and Switch

A few weeks after he started working at Ameriquest Mortgage, Mark Glover looked up from his cubicle and saw a coworker do something odd. The guy stood at his desk on the twenty-third floor of downtown Los Angeles’s Union Bank Building. He placed two sheets of paper against the window. Then he used the light streaming through the window to trace something from one piece of paper to another. Somebody’s signature.

Glover was new to the mortgage business. He was twenty-nine and hadn’t held a steady job in years. But he wasn’t stupid. He knew about financial sleight of hand-at that time, he had a check-fraud charge hanging over his head in the L.A. courthouse a few blocks away. Watching his coworker, Glover’s first thought was: How can I get away with that? As a loan officer at Ameriquest, Glover worked on commission. He knew the only way to earn the six-figure income Ameriquest had promised him was to come up with tricks for pushing deals through the mortgage-financing pipeline that began with Ameriquest and extended through Wall Street’s most respected investment houses.

Continue reading How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America…

I don’t ordinarily pass around online petitions. They’re of dubious efficacy, and too often reek of slactivism.

But I know that this one comes with a strong real-time effort behind it. It’s the real deal. And I’m especially impressed in that it adheres to my dictum, “for every `no,’ a `yes'”–meaning that every time we oppose something, we offer up a viable alternative. Peter Vickery’s editorial in The Daily Hampshire Gazette–you can read it here–does just that:

So, if you live in MA–I’d urge that you read the editorial, and read, sign, and FORWARD (to EVERYONE you possibly can) the following petition:

CLICK HERE FOR PETITION”  

Continue reading Support Efforts to Turn Coal-Burning Power Stations Into Cleaner-Eneregy Suppliers