Battle of the Housatonic pits GE against EPA

Article Abstract:

With fish in the Housatonic River having PCB concentrations of up to 206 parts per million, among the highest levels ever found in the US and 100 times higher than limits set by the Food and Drug Administration, General Electric Co. is faced with having its old Pittsfield, Massachusettes plant and 30 miles of the Housatonic declared a Superfund site by the Environmental Protection Agency. If declared as such, the government would fund a massive cleanup and sue GE for triple the cost. GE, which is fighting a massive public relations campaign to prevent the action, has denied that PCBs are actually dangerous to humans despite the fact that they were banned in 1977 after studies of their carcinogenicity in animals indicated the high probability of their danger to humans. The outcome of the case will likely set the precedent for a more important dispute case regarding the sites of GE operations on the much larger Hudson River.

Comment:

Is fighting to prevent old Pittsfield plant & 30 mi of Housatonic declared a Superfund site by EPA

Waste Management and Remediation Services, Administration of Air and Water Resource and Solid Waste Management Programs, Massachusetts, Water Pollution, Pollution Control, Pollution Control & Abatement, Polychlorinated Biphenyls, Cyclic Crude and Intermediate Manufacturing, Inland Water Pollution, Toxic Substances Control, Industrial Water Pollution, Land-Based Source Water Pollution, Poisons, General Electric Co.

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IBM unit admits to illegal sale to Russian lab

Article Abstract:

Moscow-based IBM East Europe/Asia Ltd., a subsidiary of International Business Machines Corp., was fined $8.5 million in criminal penalties for failing to obtain appropriate government clearances to sell sensitive computers and supercomputers to a Russian nuclear-weapons laboratory. The IBM unit pleaded guilty in US District Court in Washington DC to the charges stemming from the 1996 and 1997 sales. While the workstation computers are hardly more powerful than a personal computer, when linked together into a network, they can provide sufficient computing power to be useful to nuclear-weapons engineers.

Comment:

Fined $8.5 mil in criminal penalties for sale of computers to Russian nuclear-weapons laboratory

Electronic Computer Manufacturing, Digital Computers, Super, Supercomputers, IBM East Europe/Asia Ltd.

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Cendant investigates ex-chairman's spending

Article Abstract:

In the wake of auditors uncovering widespread improprieties, officials at Cendant Corp. are investigating several million dollars in travel and other expenses charged by former Chairman Walter Forbes. In addition to some $596,000 used by Mr. Forbes for jet travel that has been allegedly ascribed to part of the costs of Cendant's recent mergers, there are a host of other accounting issues from over the last three years that are also being investigated.

Comment:

Co. officials are investigating several million dollars filed w/improper accounting procedures

Patent Owners & Lessors, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), Patent licensing, Avis Budget Group Inc.

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