White House halts asbestos alert
WASHINGTON (AP) - A warning from the Environmental Protection Agency, informing millions of Americans their homes might contain asbestos-contaminated insulation, has not been issued because of White House intervention, a newspaper reports.
The EPA was expected to announce the warning in April, and declare a public health emergency concerning Zonolite insulation, the St. Louis Post-Dispatch reported in its Sunday editions.
posted by Captain Ligntning
on Dec 29, 2002 -
Asbestos: The $200 Billion Miscarriage of Justice
The original "mass tort" is bringing down companies faster than you can say "Enron." Since January 2000, 16 asbestos defendant companies have filed for Chapter 11 protection, including Owens Corning, Federal Mogul, W.R. Grace, and USG Corp. Here’s a disaster that’s so screwed-up, and gathering such momentum, that "lawyers who represent the truly ill are teaming up with asbestos defendants to demand reform. They fear that the marginally impaired plaintiffs will drive so many defendants bankrupt that the genuinely sick and dying will have no one left to collect from." And if you’re tempted to dismiss this as just deserts for "evil corporations," bear in mind that, like Enron, asbestos defendants are made up of thousands of workers, many of whom staked their future on pensions and company stock: "At the time of Federal-Mogul's bankruptcy filing this past October, all-too-loyal employees held 16% of the company's stock, which had lost 99% of its value since January 1999. About 14% of Owens Corning's shares--which lost 97% of their value in the two years before its filing--were owned by employees. But those employees' losses have thus far gone unbemoaned by Congress." [more inside…]
posted by pardonyou?
on Feb 18, 2002 -