While most of America was still reeling from the worst economic downturn since the Great Depression, Carnival Corporation – the world’s largest cruise line company – reported a better-than-expected third quarter profit last year of $1.3 billion.
Over the same period, revenues reached $4.1 billion, amounting to a 32 percent profit margin and generous shareholder returns. Chairman and Chief Executive Officer Micky Arison called the figure “an achievement” given the “global economic environment” and a “testament to the power of our global brands.”
Despite their reliance on natural resources to sell cruises, the cruise line industry defends its right to treat the oceans like a sewer and a waste dump.
Under some of the most beautiful parts of rural New York State in the pre-Jurassic era formation called the Marcellus Shale is an unimaginable fortune in natural gas. Getting that gas to market has become an obsession of Wall Street and the biggest gas drilling companies in the world. In this gas rush, New York is fast becoming a geological science experiment that many experts fear will have profound, dire environmental and health consequences. The drilling companies use a witch’s brew of water, pressure and chemicals to force the gas from the shale. It is the secrecy of what is in that brew that has New Yorkers worried and many suspicious. Even the New York Department of Environmental Conservation (DEC) has not yet identified all of the compounds in products proposed for use in fracturing shale.
When it comes to reducing garbage in the world’s oceans, the political angle is just as important as the scientific, to judge by industry’s behavior. On Aug. 18, Seattle voters passed by a 53-47 margin a referendum to overturn a 20-cent fee approved last year by the city council for using plastic bags at supermarkets, pharmacies and convenience stores.






in Iraq didn’t come from enemy fire. Maseth was electrocuted to death due to U.S. private military contractor KBR Inc.’s shoddy electrical work. Now, for the first time, KBR is losing millions of dollars as a consequence. The Army decided to deny KBR bonuses, which were routinely awarded to the firm for “excellent” work.













