Ralph Nader's Blog

March 15, 2012

For months now our stocks have gone up and down due to various concerns, but none more recurrent than concerns about the financial crisis in Greece. Morning after morning, New York City based casino capitalists trade with Greece and the latest rumors from Western Europe on their minds.

What will affluent Germany do to bail out the collapsing, debt-ridden country of Greece? Will France go along with those plans? Will the massive injection of liquidity by the European Central Bank help the banks to behave in ways that help Greece, among other countries? Day after trading day, the U.S.
Continue reading "Perils of the Global Economy"
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Published on March 15, 2012 06:28 • 199 views

March 6, 2012

By Ralph Nader

Gasoline and heating oil prices are ratcheting up. In California, some motorists are paying over $5 per gallon. President Obama declared that "there is no quick fix" for this problem. Meanwhile, the hapless but howling Republicans are blaming him for the fuel surge as if he is a price control czar.

Indeed, President Obama has some proper power to cool off retail petroleum prices. David Stockman, President Ronald Reagan's Budget Director, said it plainly on CNN last week, "Stop beating the war drums right now [against Iran], and Obama could do that, and he could say the neocons are history." Having done his stint on Wall Street, Stockman knows that war talk by the war hawks inside and outside of our government is just what the speculators on the New York Mercantile Exchange want to hear as they bid up the price. Your gasoline prices are not charging up due to strains between supply and demand. Speculation, with those notorious derivatives and swaps, is what is poking larger holes in your fuel budget, according to Securities and Exchange Commission enforcement lawyers. The too-big-to-fail Wall Street gamblers - Goldman Sachs, JP Morgan Chase, Bank of America, Merrill Lynch, and Morgan Stanley - are at it again.
Continue reading "Obama Can Do More on Oil Prices"
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Published on March 06, 2012 12:37 • 90 views

February 29, 2012

By Ralph Nader

How inert can the Democratic Party be? Do they really want to defeat the Congressional Republicans in the fall by doing the right thing?

A winning issue is to raise the federal minimum wage, stuck at $7.25 since 2007. If it was adjusted for inflation since 1968, not to mention other erosions of wage levels, the federal minimum would be around $10.

Here are some arguments for raising the minimum wage this year to catch up with 1968 when worker productivity was half of what it is today.

Continue reading "Minimum Wage: Catching up with 1968"
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Published on February 29, 2012 11:30 • 71 views

February 23, 2012

By Ralph Nader

Anthony Shadid, called the "most gifted foreign correspondent in a generation" by his then Washington Post colleague, Rajiv Chandrasekaran (author of the widely heralded book "Imperial Life in the Emerald City"), didn't really need a byline. For anyone who knew of his peerless, unique reports from the Middle East would read them and just know they were a Shadid special.

Alas, there will be no more Shadid reports and features from the streets, alleys, souks, homes, hospitals, workplaces and cultures of the Arab countries. For on an assignment from The New York Times in a dangerous, mountainous area of Syria last week, this humble, brilliant, nuanced, generous, honest, brave double-Pulitzer-Prize winner (with another one likely on the way) died from an apparent asthma attack together with severe allergic reactions and exhaustion.

Continue reading "'Most Gifted Foreign Correspondent in a Generation" "
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Published on February 23, 2012 11:08 • 67 views

February 15, 2012

Call it what you will, but staged, premeditated or planned fighting in the National Hockey League (NHL), where two big "enforcers" slug each other's heads with their bare fists, has no place in the game of hockey. Such fighting is boxing and as such requires a boxing license under many state laws.
Continue reading "The NHL: Boxing Without A License? "
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Published on February 15, 2012 10:26 • 72 views

February 7, 2012


On behalf of Ralph Nader, the Mayer Law Group today asked the SEC to

open an investigation and/or enforcement action regarding actions by

Peter Peterson, BlackRock and Blackstone.

The Mayer Law Group submitted evidence that Peterson, Blackstone and

BlackRock sold to investors, including Mr. Nader, the Blackstone North

America Income and Opportunity Fund ("BNA Trust") which was falsely

presented to the public as a safe and secure fund investing in

government securities when in fact the fund held risky and volatile

derivative instruments.

In the complaint to the SEC, Mr. Mayer, on behalf of Mr. Nader said,

"These transactions and fraudulent misrepresentations took place years

ago, in the 1990s, but we are bringing this matter to the attention of

the Commission now because we believe that this is one of the earliest,

if not the earliest example, of Wall Street firms deceiving investors

and regulators by disguising ultra-risky investment products as safe

government-backed securities."

A full copy of the letter is available here: seccomplaint.pdf
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Published on February 07, 2012 09:27 • 77 views
By Ralph Nader

I often ask Congressional Democrats these days is: "If you agree that your Republican counterparts in Congress are the most craven, corporatist, fact-denying, falsifying, anti-99 percent, militaristic Republicans in the party's history, then why are you not landsliding them?" Their responses are largely in the form of knowing smiles and furrowed brows.

There are answers that are more specific to account for the large election losses in 2010, the loss of the House of Representatives to John Boehner and Eric Cantor, and the prospect of losing the House and the Senate this November. Chief among them is that the two parties are vigorously dialing for the same commercial dollars to finance their campaigns. The resultant inhibitions and self-censorships bring the parties' real agendas closer together, erasing the bright lines that make elections clearer choices for voters.
Continue reading "Can Democrats Landslide Republicans?"
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Published on February 07, 2012 09:17 • 80 views

February 2, 2012

January 26, 2012

Nestle Waters

11700 E 47th Ave,

Denver, CO 80239

Dear Mr. Franceschetti,

The bottles of water you call Nestle Pure Life discloses on its label that the source is
Continue reading "Letter to Nestle Pure Life Regarding Their Use of the Denver Public Water Supply"
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Published on February 02, 2012 07:11 • 103 views

February 1, 2012

Looking at millions of individual bills that makeup the 2.7 trillion dollars of annual health care costs opens a gigantic window on the massive waste, redundancy, profiteering, fraud and sometimes criminal over-billing.
Continue reading "Follow the Bills"
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Published on February 01, 2012 09:22 • 88 views

January 24, 2012

The U.S. war in Afghanistan is testing so much futuristic detect and destroy weaponry that it can be called the most advanced all-seeing invasion in military history. From blanket satellite surveillance to soldiers' infra-red vision to the remotely guided photographing, killer drones to the latest fused ground-based imagery and electronic signal intercepts, the age of robotic land, sea, and air weaponry is at hand.
Continue reading "The Jirga Medal of Honor"
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Published on January 24, 2012 10:57 • 69 views

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