[Biofuel] Is juggernaut Japan being driven to destruction (and no one's to blame)?

2012-12-30 Thread Keith Addison

Wakeup call for Japan's politicians
By CHRISTOPHER HOBSON
Special to The Japan Times
The Japan Times: Sunday, Dec. 30, 2012
http://www.japantimes.co.jp/print/eo20121230a1.html

As the new year approaches, Japan still reels from 2011
http://www.japantimes.co.jp/print/fd20121230bj.html

2012: a year of low points
EDITORIAL
http://www.japantimes.co.jp/print/ed20121230a1.html

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http://www.japantimes.co.jp/print/fl20121230rp.html

Is juggernaut Japan being driven to destruction (and no one's to blame)?

By ROGER PULVERS

Special to The Japan Times

Ryotaro Shiba, the great author of historical novels, was a student 
of Mongolian at Osaka University of Foreign Languages when, at the 
end of 1943, he was drafted into the army. Then aged 20, he received 
a provisional graduation qualification (the actual certificate was 
issued the following year) and found himself in Manchuria, which was 
at that time the Japanese puppet state of Manchukuo.


After he entered the Army School at Siping, where he was already 
exhibiting literary traits and founded a haiku club among the ranks, 
he was assigned to tank duty. Though he excelled more with tanka 
poems than tanks, he was sent to Mudanjiang, in what is now 
Heilongjiang Province in northeastern China, and made platoon 
commander of a tank unit.


Writing years later, he recalled putting a question to his commanding officer.

If the enemy lands here, he said, we'll have to take the tanks 
south. But the roads are really narrow. What do we do if horse-drawn 
carts are coming the other way?


The officer stared at me in silence for a while, wrote Shiba, and 
then gave his answer. 'Run 'em down,' he said.


I bring up this incident from long ago not because it characterized 
the attitude toward forward planning that pervaded this country's 
military forces during World War II - but because that attitude is 
eerily pervasive today in the government and corporate culture of the 
nation.


In Japan, it's customary at the end of each year to choose a word 
that best describes the esprit of that year. My choice for 2012, 
hands down, is musekinin.


Musekinin means irresponsibility; but the Japanese word is somewhat 
stronger in tone than the English one, more akin to a total absence 
of responsibility, or a lack of a sense of liability.


In the general election on Dec. 16, the opposition Liberal Democratic 
Party (LDP) was elected in a landslide on the pledge to pump a mass 
of new money into the economy in order to jump-start it out of its 
stalled misery. But this is precisely what the LDP did when it was in 
power in the 1990s, pouring tens of billions of yen into public-works 
projects that left Japan with much often-useless concrete 
infrastructure and the mother of all national debts. Why, one asks, 
would such a policy work now, when the debt is already galactic in 
size and most local governments have no appetite for old-fashion 
pump-priming?


The LDP answer to anything blocking its way is the same as that given 
to tank-soldier Shiba, as the mentality has not changed in 
three-quarters of a century: Run 'em down.


No matter that the Great East Japan Earthquake and tsunami on March 
11, 2011, was followed by events at the Fukushima No. 1 nuclear power 
plant leading to three reactor meltdowns, because the LDP government 
is now poised to okay the restart of most of the country's dozens of 
idled reactors. And that despite adequate safety checks, which should 
have been conducted before the plants were built, not having been 
carried out.


It is ironic, too, that both major parties - the LDP and the 
then-ruling Democratic Party of Japan - kicked off campaigning in the 
recent election, which began on Dec. 4, in Fukushima.


The residents of that prefecture have been treated like the unwanted. 
They have been deprived of information and sufficient compensation. 
Tokyo Electric Power Co. (Tepco), the owner and operator of the 
stricken nuclear plant, has simply wished they would go away - which, 
with time, they will, one way or another.


As with the millions of Asian victims of Japanese aggression prior to 
the end of World War II in 1945, the policy adopted after the events 
is to mollify with ambiguous and insincere apologies ... and wait 
until the last one dies.


The same run 'em down attitude is again, basically, not far from 
being the mindset of the corporate bosses in the nuclear industry - 
or, if not run 'em down, then run 'em out - which is what they did 
to the people of the radiation-affected districts of Fukushima 
Prefecture.


In this way, politicians, bureaucrats and the corporate elite are 
evading responsibility for either the collapse and stagnation of 
Japan's economy or the contamination of its land, air and water, and 
what that has meant for people's livelihoods.


They have not apologized in any meaningful way nor have they shown 
any true sense of responsibility for these two catastrophes of 
mismanagement and cover-up regarding 

[Biofuel] Revealed: how the FBI coordinated the crackdown on Occupy

2012-12-30 Thread Keith Addison

http://www.guardian.co.uk/commentisfree/2012/dec/29/fbi-coordinated-crackdown-occupy

Revealed: how the FBI coordinated the crackdown on Occupy

New documents prove what was once dismissed as paranoid fantasy: 
totally integrated corporate-state repression of dissent


Naomi Wolf

guardian.co.uk, Saturday 29 December 2012

It was more sophisticated than we had imagined: new documents show 
that the violent crackdown on Occupy last fall - so mystifying at the 
time - was not just coordinated at the level of the FBI, the 
Department of Homeland Security, and local police. The crackdown, 
which involved, as you may recall, violent arrests, group disruption, 
canister missiles to the skulls of protesters, people held in 
handcuffs so tight they were injured, people held in bondage till 
they were forced to wet or soil themselves -was coordinated with the 
big banks themselves.


The Partnership for Civil Justice Fund, in a groundbreaking scoop 
that should once more shame major US media outlets (why are 
nonprofits now some of the only entities in America left breaking 
major civil liberties news?), filed this request. The document - 
reproduced here in an easily searchable format 
http://www.justiceonline.org/commentary/fbi-files-ows.html - shows 
a terrifying network of coordinated DHS, FBI, police, regional fusion 
center, and private-sector activity so completely merged into one 
another that the monstrous whole is, in fact, one entity: in some 
cases, bearing a single name, the Domestic Security Alliance Council. 
And it reveals this merged entity to have one centrally planned, 
locally executed mission. The documents, in short, show the cops and 
DHS working for and with banks to target, arrest, and politically 
disable peaceful American citizens.


The documents, released after long delay in the week between 
Christmas and New Year, show a nationwide meta-plot unfolding in city 
after city in an Orwellian world: six American universities are sites 
where campus police funneled information about students involved with 
OWS to the FBI, with the administrations' knowledge (p51); banks sat 
down with FBI officials to pool information about OWS protesters 
harvested by private security; plans to crush Occupy events, planned 
for a month down the road, were made by the FBI - and offered to the 
representatives of the same organizations that the protests would 
target; and even threats of the assassination of OWS leaders by 
sniper fire - by whom? Where? - now remain redacted and undisclosed 
to those American citizens in danger, contrary to standard FBI 
practice to inform the person concerned when there is a threat 
against a political leader (p61).


As Mara Verheyden-Hilliard, executive director of the PCJF, put it, 
the documents show that from the start, the FBI - though it 
acknowledges Occupy movement as being, in fact, a peaceful 
organization - nonetheless designated OWS repeatedly as a terrorist 
threat:


FBI documents just obtained by the Partnership for Civil Justice 
Fund (PCJF) Š reveal that from its inception, the FBI treated the 
Occupy movement as a potential criminal and terrorist threat Š The 
PCJF has obtained heavily redacted documents showing that FBI offices 
and agents around the country were in high gear conducting 
surveillance against the movement even as early as August 2011, a 
month prior to the establishment of the OWS encampment in Zuccotti 
Park and other Occupy actions around the country.


Verheyden-Hilliard points out the close partnering of banks, the New 
York Stock Exchange and at least one local Federal Reserve with the 
FBI and DHS, and calls it police-statism 
http://www.democracynow.org/2012/12/27/the_fbi_vs_occupy_secret_docs:


This production [of documents], which we believe is just the tip of 
the iceberg, is a window into the nationwide scope of the FBI's 
surveillance, monitoring, and reporting on peaceful protestors 
organizing with the Occupy movement Š These documents also show these 
federal agencies functioning as a de facto intelligence arm of Wall 
Street and Corporate America.


The documents show stunning range: in Denver, Colorado, that branch 
of the FBI and a Bank Fraud Working Group met in November 2011 - 
during the Occupy protests - to surveil the group. The Federal 
Reserve of Richmond, Virginia had its own private security 
surveilling Occupy Tampa and Tampa Veterans for Peace and passing 
privately-collected information on activists back to the Richmond 
FBI, which, in turn, categorized OWS activities under its domestic 
terrorism unit. The Anchorage, Alaska terrorism task force was 
watching Occupy Anchorage. The Jackson, Michigan joint terrorism 
task force was issuing a counterterrorism preparedness alert about 
the ill-organized grandmas and college sophomores in Occupy there. 
Also in Jackson, Michigan, the FBI and the Bank Security Group - 
multiple private banks - met to discuss the reaction to National Bad 
Bank Sit-in Day (the 

[Biofuel] Nuclear Roulette: The Truth About the Most Dangerous Energy Source on Earth

2012-12-30 Thread Keith Addison

We Are Being Nuked With False Information on Atomic Energy
Friday, 21 December 2012 00:00
By Gar Smith, Chelsea Green Publishing | Book Excerpt
http://www.mail-archive.com/sustainablelorgbiofuel@lists.sustainablelists.org/msg78117.html

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http://truth-out.org/opinion/item/13600-nuclear-roulette-the-truth-about-the-most-dangerous-energy-source-on-earth

Nuclear Roulette: The Truth About the Most Dangerous Energy Source on Earth

Saturday, 29 December 2012 00:00

By Mark Karlin, Truthout | Interview

According to Chelsea Green, the publisher of the new book Nuclear Roulette:

Each new disaster demonstrates that the nuclear industry and 
governments lie to avoid panic, to preserve the myth of safe, 
clean nuclear power, and to sustain government subsidies. Tokyo and 
Washington both covered up Fukushima's radiation risks and - when 
confronted with damning evidence - simply raised the levels of 
acceptable risk to match the greater levels of exposure.


Nuclear Roulette dismantles the core arguments behind the 
nuclear-industrial complex's Nuclear Renaissance. While some 
critiques are familiar - nuclear power is too costly, too dangerous, 
and too unstable - others are surprising: Nuclear Roulette exposes 
historic links to nuclear weapons, impacts on Indigenous lands and 
lives, and the ways in which the Nuclear Regulatory Commission too 
often takes its lead from industry, rewriting rules to keep failing 
plants in compliance. Nuclear Roulette cites NRC records showing how 
corporations routinely defer maintenance and lists resulting 
near-misses in the US, which average more than one per month.


Truthout interviewed the book's author, Gar Smith:

Mark Karlin: The first part of your book covers 14 arguments against 
nuclear power. Let's talk about a couple, starting with one that is a 
bit inclusive of most of the others. What are the catastrophic 
dangers of nuke plants that you detail in Chapter 4?


Gar Smith: Atomic energy is impractical on many levels. Nuclear power 
has proven too costly to survive without massive government support 
and taxpayer bailouts. Nuclear power is inherently unreliable because 
reactors must be regularly shut down to replace used fuel assemblies. 
Reactors also experience unplanned shutdowns, which means they can 
be offline more than 10 percent of the time. In 2011, the NRC's own 
records revealed at least 75 percent of US reactors were routinely 
leaking radioactive tritium.


Nuclear reactors are not energy efficient. They produce far more heat 
than they can possibly use. It takes as much as 500,000 gallons of 
water per minute to keep these plants cool. Even then, around 
two-thirds of the heat is wasted and needs to be spilled into nearby 
waterways or into the atmosphere. A reactor is like a sports car 
built to travel 600 miles per hour in a world where the speed limit 
is 60 mph. To operate it safely, you need to have your foot on the 
brakes - at all times. And good luck if the brakes fail.


The world now has experienced three catastrophic events in three 
decades - with explosions, fires and meltdowns at Three Mile Island, 
Chernobyl and Fukushima. Add to that the increasing number of 
accidents as aging reactors in the US and around the world continue 
to crack, leak and fail. Whether the industry likes it or not, it is 
inevitable that nuclear accidents are going to increasingly make the 
evening news.


Mark Karlin: We hear so much nuclear industry talk of new and 
improved reactors. What is the reality behind that claim?


Gar Smith: While there are new designs, as yet, none of them have 
been built or fully tested. Most of the so-called Generation IV 
reactors will probably never be built. The new AP1000 reactors under 
construction in Georgia and South Carolina have fundamental design 
flaws that prompted the former chair of the NRC to vote against 
granting them a license. Construction of Georgia's two AP1000 Vogtle 
reactors (supported with billions in taxpayer-backed loan guarantees) 
has been plagued by shoddy construction and second-rate building 
materials.


In addition to the proposed new reactors (which would operate at 
temperatures two to three times greater than existing plants), the 
Department of Energy is providing funds to kick-start something 
called a small modular reactor. These mini-nukes could be housed 
inside a two-car garage but would probably be placed underground. 
Dispersing these small reactors across the landscape would increase 
security risks, magnify supply-and-transportation hazards, and do 
nothing to reduce the danger of reactor accidents and routine 
releases of radioactivity.


Let's be clear: nuclear plants don't generate electricity. They 
produce only three things: vast amounts of heat (which is used to 
spin the turbines that generate electricity), radioactive fallout (in 
the form of permissible leaks that have been linked to thyroid 
tumors and childhood leukemia) and tons of radioactive garbage.



[Biofuel] Fearful of Ban, Frenzied Buyers Swarm Gun Stores

2012-12-30 Thread Keith Addison

New Poll Shows Surge in Support for Gun Control
Saturday, 29 December 2012 10:27
By Matt Pearce, Los Angeles Times | Report
http://truth-out.org/news/item/13608-new-poll-shows-surge-in-support-for-gun-control

UN's Last Stand on Arms Trade Treaty
Saturday, 29 December 2012 10:36
By Thalif Deen, Inter Press Service | Report
http://truth-out.org/news/item/13609-uns-last-stand-on-arms-trade-treaty

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http://abcnews.go.com/US/wireStory/fearful-ban-frenzied-buyers-swarm-gun-stores-18086623#.UOAdo9x91i9

Fearful of Ban, Frenzied Buyers Swarm Gun Stores

By By JOSEPH PISANI AP Business News Writer

NEW YORK December 29, 2012 (AP)

The phones at Red's Trading Post wouldn't stop ringing. Would-be 
customers from as far away as New York wanted to know if the Twin 
Falls, Idaho gun shop had firearms in stock. Others clamored to find 
out if their orders had been shipped.


Overwhelmed, gun store manager Ryan Horsley had to do what no 
employee would ever think of doing just days before Christmas: He 
disconnected the phone lines for three whole days.


We had to shut everything off, says Horsley, whose family has owned 
Red's Trading Post, the state's oldest gun shop, since 1936. We were 
swamped in the store and online.


The phones at gun shops across the country are ringing off the hook. 
Demand for firearms, ammunition and bulletproof gear has surged since 
the Dec. 14 massacre in Newtown, Conn., that took the lives of 20 
schoolchildren and six teachers and administrators. The shooting 
sparked calls for tighter gun control measures, especially for 
military-style assault weapons like the ones used in Newtown and in 
the Aurora, Colo., movie theater shooting earlier this year. The 
prospect of a possible weapons ban has sent gun enthusiasts into a 
panic and sparked a frenzy of buying at stores and gun dealers 
nationwide.


Assault rifles are sold out across the country. Rounds of .223 
bullets, like those used in the AR-15 type Bushmaster rifle used in 
Newtown, are scarce. Stores are struggling to restock their shelves. 
Gun and ammunition makers are telling retailers they will have to 
wait months to get more.


Store owners who have been in the business for years say they have 
never seen demand like this before.


When asked how much sales have increased in the past few weeks, 
Horsley just laughed.


We haven't even had a chance to look at it, he says. Horsley spends 
his days calling manufacturers around the country trying to buy more 
items for the store. Mainly, they tell him he has to wait.


Franklin Armory, a firearm maker in Morgan Hill, Calif., is telling 
dealers that it will take six months to fulfill their orders. The 
company plans to hire more workers and buy more machines to catch up, 
says Franklin Armory's President Jay Jacobson.


The shortage is leaving many would-be gun owners empty handed.

William Kotis went to a gun show in Winston-Salem, N.C., last weekend 
hoping to buy a rifle for target shooting. Almost everything was sold 
out.


Assault rifles were selling like crazy, says Kotis, who is 
president and CEO of Kotis Holdings, a real estate development 
company based in Greensboro. People are stockpiling.


He left without buying anything.

Luke Orlando's parents were able to get him the 12-gauge shotgun he 
wanted for Christmas to bird hunt, but his uncle wasn't as lucky.


At Christmas dinner, my uncle expressed outrage that after waiting 
six months to use his Christmas bonus to purchase an AR-15, they are 
sold out and back ordered over a year, says Orlando, 18, a student 
at the University of Texas.


No organization publicly releases gun sales data. The only way to 
measure demand is by the number of background checks that are 
conducted when someone wants to buy a firearm. Those numbers are 
released by the Federal Reserve Bureau every month. Data for December 
is not out yet. But the Federal Bureau of Investigation says that it 
did 16.8 million firearm background checks as of the end of November, 
up more than 2 percent from a year ago.


The Colorado Bureau of Investigation, which handles background checks 
for the state, can't keep up with the number of requests it is 
getting. The bureau has pulled staff from other units and increased 
its hours, says spokesperson Susan Medina.


Many firearm dealers and manufacturers say that Obama's comments 
since the Newtown school shooting are driving demand.


James Zimmerman of SelwayArmory.com, a website that sells guns, 
ammunition and knives, says that sales really took off on Dec. 19 
after President Barack Obama held a White House press conference 
announcing that Vice President Joe Biden would lead a team tasked 
with coming up with concrete proposals to curb gun violence.


That day, one customer ordered 32,000 rounds of ammunition from 
SelwayArmory.com, worth close to $18,000. The order had to be shipped 
from the company's Lolo, Mont., office to Kentucky on a freight truck.


I've done more sales in the week 

[Biofuel] US Kills 12 Civilians and Destroys a Community

2012-12-30 Thread Keith Addison

Villagers Join al-Qaeda After Deadly US Strike
Keith Addison Thu, 27 Dec 2012 18:41:44 -0800
When U.S. drones kill civilians, Yemen's government tries to conceal it
By Sudarsan Raghavan, Published: December 25, 2012
Dhamar, Yemen

Villagers Join al-Qaeda After Deadly US Strike
By Sudarsan Raghavan
December 26, 2012  WA Today

http://www.mail-archive.com/sustainablelorgbiofuel@lists.sustainablelists.org/msg78167.html

Reporter's Notebook: Ali Ismail Abbas, Iraqi Boy Hit by American 
Missile 10 Years Later

By RON CLAIBORNE
Dec. 29, 2012
http://abcnews.go.com/International/ali-ismail-abbas-iraqi-boy-hit-american-missile/story?id=18085462#.UOAgrNx91i8

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http://www.informationclearinghouse.info/article33462.htm

US Kills 12 Civilians and Destroys a Community

Anatomy of an Air Attack Gone Wrong

By Letta Tayler

December 29, 2012 FP -- SANAA, Yemen - The villagers who rushed to 
the road, cutting through rocky fields in central Yemen, found the 
dead strewn around a burning sport utility vehicle. The bodies were 
dusted with white powder -- flour and sugar, the witnesses said -- 
that the victims were bringing home from market when the aircraft 
attacked. A torched woman clutched her daughter in a lifeless 
embrace. Four severed heads littered the pavement. The bodies were 
charred like coal. I could not recognize the faces, said Ahmed 
al-Sabooli, 22, a farmer whose parents and 10-year-old sister were 
among the dead. Then I recognized my mother because she was still 
holding my sister in her lap. That is when I cried.


Quoting unnamed Yemeni officials, local and international media 
initially described the victims of the Sept. 2 airstrike in al-Bayda 
governorate as al Qaeda militants. After relatives of the victims 
threatened to bring the charred bodies to the president, Yemen's 
official news agency issued a brief statement admitting the awful 
truth: The strike was an accident that killed 12 civilians. Three 
were children.


Nearly four months later, that terse admission remains the only 
official word on the botched attack. A Washington Post article, 
published on Dec. 24, reports that U.S. officials in Washington, who 
spoke on the condition of anonymity because of the sensitivity of the 
matter, said it was a Defense Department aircraft, either a drone or 
a fixed-wing airplane, that fired on the vehicle. But the people of 
al-Bayda still have received no official word as to who was 
responsible for the deaths -- the United States, which in the past 
year has accelerated its covert targeted-killing program against 
Yemeni-based al Qaeda in the Arabian Peninsula; or the Yemeni 
government, whose new president, Abd al-Rab Mansur al-Hadi, was 
installed with Washington's help.


The information blackout on terrorism-related killings is not limited 
to al-Bayda. The United States has revealed only the barest details 
of its 400 estimated strikes on alleged militant targets in Pakistan, 
Yemen, and Somalia over the past decade. The attacks, carried out by 
the CIA and the Pentagon with unmanned aerial vehicles (drones), 
manned warplanes, and cruise missiles, have reportedly killed at 
least 2,800 people, according to sources such as the Bureau of 
Investigative Journalism (TBIJ) in London. Yet in most cases, 
Washington refuses to even confirm or deny any role in the strikes, 
much less acknowledge whether any civilians were killed. With the 
United States leading the way on obfuscation, allies such as Yemen 
have no qualms about following suit, leaving no one accountable when 
attacks kill the wrong people.


U.S. President Barack Obama's administration is reportedly drafting 
new rules on targeted killings, the majority of which have been 
conducted on his watch. But though these new rules might include more 
oversight, it's likely that the program will remain shrouded in 
secrecy. For the people of al-Bayda, just a pinprick on the map of 
innocents lost to the war on terror, policy changes without more 
transparency mean nothing.


During a trip to Yemen for Human Rights Watch in October, I spoke 
with four people, including Sabooli, who witnessed the al-Bayda 
attack. The witnesses drove 10 hours round-trip to see me in Sanaa, 
the Yemeni capital, after Human Rights Watch decided it was too 
dangerous for me to travel to al-Bayda, an area outside the 
government's control with a known al Qaeda presence and a reputation 
for kidnappings.


Without visiting the scene of the attack, we were unable to determine 
what kind of aircraft carried out the strike and whether it dropped a 
bomb or fired missiles. But the witnesses provided some important 
clues, including the presence of what they said were drones, during 
the attack. Only the United States is known to operate drones in 
Yemen, home to what Washington calls al Qaeda's most active affiliate.


The attack took place near Radda, a hilltop city roughly 100 miles 
southeast of Sanaa. For more than a year, drones had been circling 
day and 

[Biofuel] Presenting America's Top Ten Greediest of 2012

2012-12-30 Thread Keith Addison

http://truth-out.org/news/item/13607-presenting-americas-top-ten-greediest-of-2012

Presenting America's Top Ten Greediest of 2012

Saturday, 29 December 2012 09:54

By Sam Pizzigati, Too Much | News Analysis

Some of today's greediest are running giant multinational 
corporations. Some are just running their mouths. Their stories 
remind us just how much needs to change, economically and 
politically, in the year ahead.


The essence of greed? Simple. Greed amounts to taking more than you 
need when you already have enough - and others don't. Who among us, 
by this yardstick, rate as our greediest? Those greediest would be 
those who have the wherewithal to take whatever they want - and deny 
others the basics they need.


We abound in these greedy. Most of them wear power suits and dart in 
and out of the executive suites that sit high atop America's most 
elegant corporate towers. Year in and year out, these greedy grab 
ungodly rewards for their own labor - and deny their employees 
anything close to decent compensation for theirs.


The Institute for Policy Studies weekly on excess and inequality, Too 
Much, has been compiling lists of America's most greedy grabbers 
since the Great Recession first hit in 2008. This fifth annual Too 
Much list of our greediest showcases those ten deep pockets who've 
done the most in 2012 to subvert the decency we all like to call, at 
this time of year, the holiday spirit.


10. Jack Welch: Comforting Comfortables

An oversized ego can be a terrible thing to waste. Jack Welch, the 
retired General Electric CEO, is doing his best not to waste a bit of 
his - and pick up a few extras pennies in the process.


Welch, the super CEO of the 1990s, has become a regular on the 
corporate chattering circuit since he retired in 2001. He collects a 
sweet $150,000 per appearance.


Not that Welch needs any more money. He left GE with a retirement 
package worth over $400 million and now divides his time between très 
chic abodes in Manhattan, Nantucket, and Florida's North Palm Beach, 
lapping up luxury while he plots his next moves to protect plutocracy.


Welch particularly enjoys going after Warren Buffett, the billionaire 
who publicly acknowledges that he and his fellow rich don't pay 
nearly enough in taxes. Countered Welch earlier this year: I don't 
feel undertaxed in any way at all.


Some had hoped that Welch's retirement would end the actual social 
damage he could wreak. A reasonable hope. At General Electric, Welch 
had the power to do everything from nuke 100,000 GE worker jobs to 
foul the Hudson River with toxic waste. Without that power, what 
damage could he do? Plenty, turns out.


Much of that damage comes from the wealth of tax-dodging expertise 
Welch bequeathed his successors at General Electric. In the decade 
since 2001, one report released this year revealed, GE paid only 1.8 
percent of its $80.2 billion overall profits in federal income taxes.


9. Jamie Dimon: Pounding Reformers

The European Union has just taken a fairly significant step toward 
limiting excessive banker compensation. Under proposed new rules up 
for a vote early in 2013, European bankers won't be able to pocket 
bonuses greater than twice their straight salary.


Better not try that in the United States, Jamie Dimon - America's 
highest-paid bank CEO in 2011 - warned last week. Any limits on Wall 
Street pay, JPMorgan Chase CEO Dimon intoned, will end freedom as we 
know it.


If you don't want a free society, Dimon pronounced, then start 
dictating what compensation can be.


And besides, the JPMorgan chief added, any attempt to limit pay would 
chase talent out of America's financial system. The banking business, 
he explained, simply cannot run on second-rate talent.


For his own presumably first-rate talent, Dimon pulled in $23.1 
million in 2011, up 11 percent over 2010. The highlight of his 
first-rate stewardship: JPMorgan suffered a $2 billion trading loss 
after a bank management blunder that Dimon admitted this past spring 
he could not publicly defend.


That admission left some observers wondering how much the bank would 
have lost with a second-rate talent in charge.


Dimon hasn't let JPMorgan's debacle with risky trades slow his charge 
against the Dodd-Frank Act, the legislation enacted in 2010 to rein 
in risky trading after the 2008 Wall Street meltdown. Wall Street's 
intense opposition to Dodd-Frank, with Dimon a key ringleader, has so 
far kept the bulk of the legislation unenforced.


8. Wilbur Ross: Exploiting the Bankrupt

Remember the bank bailout? Private equity kingpin Wilbur Ross surely 
does. He spent a chunk of the past year trolling for windfalls on the 
busted-bank landscape - and found a hot prospect in Ohio. In October, 
he cut a deal to pick up the troubled First Place Financial at just 
$45 million.


U.S. Treasury officials balked at the deal. The bank, they complained 
to the courts, had borrowed $72.9 million from the federal bailout