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May 29, 2013
9:07 // 10 months ago
February 12, 2013

Comcast buys the other half of NBC Universal, meaning your cable provider owns 30 Rock

  • $16.7B the amount Comcast will pay General Electric for the 49 percent stake in NBC Universal it doesn’t currently own. The sale includes the sale of NBC’s iconic 30 Rockefeller Center building in NYC. General Electric, until now, had been in the entertainment industry for roughly 90 years. Let’s hope a small fraction of this dollar amount goes to bringing EveryBlock back online. source
19:07 // 1 year ago
February 5, 2012
General Electric wants us to know it’s mid-afternoon in America. Want to soft-pedal industry? Get us Clint Eastwood, GE.

General Electric wants us to know it’s mid-afternoon in America. Want to soft-pedal industry? Get us Clint Eastwood, GE.

20:47 // 2 years ago
February 1, 2012
10:38 // 2 years ago
November 3, 2011

Study: Many corporations pay low tax rates; some pay none

  • 35% the corporate tax rate set by the U.S. government
  • 18.5% the average “real” tax rate paid by 280 Fortune 500 companies source

» And some companies don’t even pay: Two notably large companies that don’t pay any taxes … and in fact owe less than nothing somehow? General Electric and Pepco. (On a side note: DC residents looooooove Pepco, because the power goes out all the time around here.) Both companies defend their businesses practices.

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21:57 // 2 years ago
April 21, 2011
General Electric’s impressive profits not impressive enough: Because really, nobody gives a crap that your multi-billion-dollar company has a massive jump in profit. You need to do it with style or go home. (Seriously, does anything impress these investors these days? Does GE’s CEO have to tell investors of the huge jump in profits while walking on his hands and hula-hooping? Because that wold impress us. But would that impress investors?)

General Electric’s impressive profits not impressive enough: Because really, nobody gives a crap that your multi-billion-dollar company has a massive jump in profit. You need to do it with style or go home. (Seriously, does anything impress these investors these days? Does GE’s CEO have to tell investors of the huge jump in profits while walking on his hands and hula-hooping? Because that wold impress us. But would that impress investors?)

11:15 // 2 years ago
April 13, 2011
Would you look at that? The article our last post was based upon was removed. Well, guess what? It’s apparently a hoax. ABC World News’ Tumblr put it like this: "Just an fyi, this is actually a hoax. The website where this is posted is GENEWSCENTERS.COM. GE’s real Website is GENEWSCENTER.COM” It’s a good thing the AP is falling for hoaxes and letting this stuff get on the wire.

Would you look at that? The article our last post was based upon was removed. Well, guess what? It’s apparently a hoax. ABC World News’ Tumblr put it like this: "Just an fyi, this is actually a hoax. The website where this is posted is GENEWSCENTERS.COM. GE’s real Website is GENEWSCENTER.COM” It’s a good thing the AP is falling for hoaxes and letting this stuff get on the wire.

10:46 // 3 years ago

General Electric’s tax refund story: A complete, total hoax

  • NOthis story isn’t true … the AP fell victim to a hoax source

» Moral of the story: The AP really annoys the crap out of us sometimes.

10:34 // 3 years ago
March 16, 2011

More on Japan’s nuclear oversight, Wikileaks and Boron (oh my!)

  • Protest over the Mark 1 reactor The Mark 1 Nuclear Reactor, as we mentioned yesterday, has a long history of safety concerns, so much so that 35 years ago, General Electric scientist Dale G. Bridenbaugh and two of his fellow employees resigned in protest over the design. He worried that the containment system wasn’t prepared to deal with a massive loss of coolant, which seems on the spot.
  • The high price of poor oversight Also unveiled by Wikileaks, a U.S. cable indicates that Tokyo opposed a court order relating to nuclear safety. The court ruled that an earthquake of a magnitude over 6.5 could cause radiation exposure. Japan’s rebuttal: “Japan’s Nuclear and Industrial Safety Agency believes the reactor is safe and that all safety analyses were appropriately conducted.” source

Boron’s (possibly) stabilizing effect

  • 52.6 tons of Boron that South Korea is giving Japan

» That is, obviously, a lot of Boron. The Japanese are hoping this emergency shipment from the South Korean government will help them stabilize the reactor crises happening at the Fukushima Plant. The element, which is crucial in the process of stopping nuclear reactions, will be mixed into the seawater that’s being used to try to cool the fuel rods. South Korea is really coming through for Japan on this one; their own Boron stockpile has been mostly used up at Fukushima.

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14:33 // 3 years ago
November 6, 2010
Before you know it my iPhone can’t turn it’s screen off because I’m getting near constant push notifications of retweets.
Twitter user (and SFB reader) Eric Fadden • Explaining how he became something of a Twitter celebrity yesterday after a key point that he made in the Keith Olbermann saga received 2,500 retweets. The tweet? “Gotta love the new campaign contribution rules. Keith Olbermann donates as a citizen and gets suspended. A corp can give & remain nameless.” Fadden says that around 90 percent of the tweeters agreed him, but the other ten percent were very critical. To that, he says: “Has the polarization gotten that bad where we would mock one of our own as their rights are trampled by their employer…nay, even worse, when that employer enjoys more protection than those it employs?” Good point, Eric. It’s good to point out that the game is a little different for journalists, but Olbermann is biased and should not be held to the standard of a reporter. Meanwhile, General Electric can anonymously influence the electoral process as they choose. source (viafollow)
14:13 // 3 years ago