Tribes fight toxic giant

Article Abstract:

Shoshone-Bannock Indians and federal regulators allege that Chicago chemicals conglomerate FMC of failing to disclose an illegal trail of hazardous wastes in its plant adjacent to the Fort Hall Indian Reservation near Pocatello, ID. A study conducted by the federal Agency for Toxic Substances and Disease Registry shows that the nearly 4,000 Native Americans who live on the reservation suffer above-expected rates of asthma, bronchitis and pneumonia. Other concerns have also surfaced involving the FMC plant, including factory workers reportedly dying of lung cancer and other respiratory diseases allegedly due to the factory toxins. FMC is negotiating a legal settlement with tribal and federal authorities regarding the issues.

Comment:

Shoshone-Bannock Indians and federal regulators allege firm of failing to disclose an illegal trail of hazardous wastes

Production management, All Other Basic Inorganic Chemical Manufacturing, Inorganic Chemicals NEC, FMC Corp., Inorganic compounds

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Family feud ends in split

Article Abstract:

A federal jury in Topeka, KS, ruled that two Koch brothers, William and David, who control large investments ranging form energy pipelines to pizza dough, misrepresented two other Koch brothers and Wichita, KS-based Koch Industries' shareholders alike when they cashed out of the family business worth $1.1 billion. The alleged damages of $339 million was not awarded by the jury to the plaintives concluding that the battle between the billionaire brothers was just a show. The 13-year legal battle started when Charles Koch fired his brother William during a boardroom battle in 1980. William later established his own energy firm called Oxbow now based in Palm Beach, FL, and skippered the winning yacht in the 1992 America's Cup.

Comment:

Owners ruled by a KS-basd jury to have misrepresented shareholders in a family feud to control the firm

Natural Gas Liquid Extraction, Stockholder data, Liquefied Petroleum Gas, Koch Industries Inc.

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Medicare cap set for nursing homes

Article Abstract:

Medicare reimbursements to the nursing home sector will be capped starting Jul. 1, 1998. The move would mean a reduction of $4.3 billion annually in federal budget. The federal government is unveiling reimbursement caps over a three-year term due to reports that nursing home psychiatrists seek Medicare refunds for over 24 hours daily and therapists bill as much as $688 per hour. As much as 15% of $22.7 billion in Medicare yearly payments to the nursing home industry is fraudulent or wasted, according to government auditors.

Comment:

Medicare reimbursements to the nursing home sector will be capped starting 7/1/98

Government regulation (cont), Nursing & Rest Homes, Nursing and Residential Care Facilities, Nursing homes

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