Posts tagged UBS

• Phil Gramm's Mortgage Meltdown Denial, McCain Disappointed

  Paul Kiesel | July 10, 2008 9:29 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Former Senator Phil Gramm told the Washington Times that he does not think the economy is doing as poorly as the general media reports. In fact, Gramm suggests that the country is not in a...

• UBS Misled Customers

  Paul Kiesel | June 26, 2008 4:32 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Two subsidiaries of the Swiss bank UBS, earlier today, were accused of misleading investors about how safe auction rate securities were. The complaint was filed by William Galvin, Massachusetts' top...

• The Subprime Mess and Phil Gramm: An Experiment in Deregulation

  Paul Kiesel | June 24, 2008 4:12 PM | 9 CommentsLos Angeles, CA Category: Miscellaneous
  

  In 1933, a few years following the stock market crash, Congress passes the Glass-Steagall Act, in hopes that regulating banks will help prevent market instability, particularly amongst Wall Street...

• Countrywide Takes Away Home-Equity Credit Lines

  Paul Kiesel | May 06, 2008 8:04 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Countrywide is freezing the home-equity credit lines of almost all its Las Vegas customers and will proceed in doing the same to its customers in the Chicago and Los Angeles markets, which both...

• $7 Million Awarded to Mesothelioma Victim

  Miriam Schimmel | March 13, 2008 2:22 PM | 0 CommentsLos Angeles, CA Category: Toxic Substances
  

  Asbestos manufacturer, Georgia Pacific Corp., was ordered by a San Francisco jury to pay in excess of $7 million to plaintiffs, Joan and Daniel Mahoney. Plaintiffs sued Georgia Pacific claiming that Mrs. Mahoney developed terminal cancer from exposure to asbestos fibers released during her work in a home remodeling business with her husband. Her husband testified that she was exposed to the...

• British Petroleum to be Fined for Explosion

  Lance Rubin | February 19, 2008 5:23 PM | 0 CommentsLos Angeles, CA Category: Toxic Substances
  

  The 2005 explosion at British Petroleum's Texas City plant killed 15 people and injured more than 170 others. Civil suits filed by the injured people and the families of those killed have been mostly resolved, but BP is being fined for its wrongdoing. The explosion at the Texas City plant about 40 miles southeast of Houston occurred after a piece of equipment called a blowdown drum overfilled...

• CA Consumers May Sue Grocery Stores to Enforce State Labeling Laws

  Shehnaz Bhujwala | February 19, 2008 11:19 AM | 0 CommentsLos Angeles, CA Category: Toxic Substances
  

  Last week, California's Supreme Court unanimously ruled that a federal food labeling law does not preclude California citizens from using state consumer laws to enforce an identical state labeling law. The High Court's ruling means consumers may sue grocery store chains to enforce a state law requiring labeling of dyes added to farm-raised salmon.Do you recall a time in the not-too distant past...

• Potential New Threat to Children?

  Miriam Schimmel | February 08, 2008 4:56 PM | 0 CommentsLos Angeles, CA Category: Toxic Substances
  

  Phthalates are chemicals which are used to stabilize fragrances and make plastics flexible. They are typically found in many products including cosmetics, toys, vinyl flooring and medical supplies. A recent study suggests their presence in baby shampoos, lotions and powders may expose infants to chemicals that have been linked with possible reproductive problems. The study, which is published...

• Los Angeles to Drain Two Reservoirs Due to Cancer Risk

  Jenny Albano | December 17, 2007 3:39 PM | 0 CommentsLos Angeles, CA Category: Toxic Substances
  

  Two reservoirs in Los Angeles that supply drinking water to residents had to be shut down after officials found the water to be contaminated with high levels of a cancer causing chemical, bromate.The Los Angeles Department of Water and Power intend to drain 600 million gallons of water from Elysian and Silver Lake reservoirs early next year, a process that will leave them out of action for three...

• Slow Response for Mercury Spill on Los Angeles Subway

  Shannon Weidemann | February 26, 2007 11:39 AM | 0 CommentsLos Angeles, CA Category: Toxic Substances
  

  Los Angeles's subway stations are unattended and monitored only by closed circuit television cameras. In December a man spilled mercury on the platform at one of the stations and contacted the Metro Transit Authority on what he had done. It took 8 hours before anything was done to clean up the spill. In the meantime several passengers of the subway came in contact with the hazardous...