Corporate Governance: Inflation, The Fed, & Political Power

Dear Care for Crash Victims Community Members:

Inflation is rising.

The Fed is raising Interest Rates.

Who benefits?

Who is pulling the strings?

To what end?

As a NHTSA employee in the 1970’s under Jimmy Carter I worked to get airbag crash protection into cars.

The Fed back then raised interest rates to 18% by Election Day in 1980 and then raised rates to 21% on Reagan’s Inauguration Day.

Reagan appointed a coal industry lobbyist to head NHTSA who rescinded the airbag rule and cut NHTSA staff by 300 safety workers (33% of the NHTSA staff).  That reduced staffing level remains to this day.

 Two of us asked a statistical analyst to examine the history of Fed Interest rates back to its creation in 1913 to see if there was any political pattern.

He found that in general there was a pattern.  The Fed generally raised interest rates in the last two years when Democrats held the White House and reduced interest rates in the last two years when Republicans held the White House.

It looks like a Political Playbook that is at work today.

See my pro bono article published today by Legal Reader.  See

https://www.legalreader.com/corporate-governance-inflation-the-fed/Lou

Inbox

Corporate Criminality – Climate Crisis 2022

Dear Care for Crash Victims Community Members:

Having come to Washington in 1965 to work on air pollution control, I still have not lost the desire to help advance the public interest in Clean Air.  See https://www.careforcrashvictims.com/1970s-polution-control-efforts/

I was able to help get the lead out of gasoline and out of children’s blood streams, get catalysts into cars, and octane ratings on gasoline pumps, but global emissions have grown to people and planet threatening levels today.

Legal Reader has kindly published my latest article on a pro bono basis.  See  https://www.legalreader.com/corporate-criminality-climate-crisis-in-2022/

I hope it helps us all with references on environmental harms to us all.

Lou

“Criminal” Climate Crisis

Dear Care for Crash Victims Community Members:

When I began working in the U.S. Public Hralth Service in 1966, I was privileged to work with, and for, inspiring and brilliant people dedicated to protecting us all.

Over the years I was able to help build the case for getting the lead out of gasoline and children’s blood.

I also was able to help get catalysts into cars to reduce carbon monoxide and smog producing hydrocarbon emissions.

Back in the 1960’s we were not cognizant of the growing worldwide climate crisis.

Since then I have witnessed first hand worrisome stories of the power of Presidents vs. people in air pollution control   See

https://www.legalreader.com/presidents-livable-environment/

Today we read that the U.N. Secretary General released a most thorough report on the Climate Crisis and called “This abdication of leadership is criminal.”
And today we also read that the current Supreme Court may curtail the ability of the EPA to control air pollution.  See my recent pro bono article published by Legal Reader at

https://www.legalreader.com/criminal-climate-crisis-earth-day-2022/

Hopefully more “criminal” abdication of leadership will be stopped before it is too late for too many of us.

Lou

CDC Accepts GM Funds, Removes “Rollover & Extrication” from Triage Guidelines & 70% of Rollover fatalities Now “Not Taken” for Care

Dear Care for Crash Victims Community Members:

Legal Reader has published an article on this matter that I submitted pro bono.

The history and the results in numbers and percent of Rollover Crash Deaths Not Taken for Care in 2019 by State are documented.

Please see https://www.legalreader.com/cdc-triage-guidelines-rollover-crash-deaths/

As always, your comments are welcome.

Lou

Gratitude for Nader’s Lifetime Achievements in Preventing Tragedies in the Past and in the Future

Dear Care for Crash Victims Community Members:

Please see the Report on the 55th Anniversary of Unsafe at Any Speed

https://nader.org/2020/11/29/unsafe-at-any-speed-fifty-fifth-anniversary-1965-2020/
All over the world, people should be grateful for Ralph Nader’s work – that done so far as well as that will continue to be done in the future.

Consumer Advocates call for Advances in the National Mission to Improve Auto and Highway SafetyToday, November 30, 2020, marks the 55th anniversary of the publication of Ralph Nader’s landmark book: Unsafe at Any Speed.

On this occasion, the Center for Study of Responsive Law is releasing a report titled: Safer Vehicles and Highways: 4.2 million U.S. Lives Spared Since 1966.  The recommendations contained in this report are available at https://nader.org/autosafety-report

Background information on Unsafe at Any Speed and Ralph Nader can be found at: https://nader.org/Unsafe-at-any-speed-55

This report is dedicated to Clarence Ditlow, the formidable lawyer and engineer, who led the Center for Auto Safety for over 45 years of advocacy, litigation, advising and publicly informing the American people that safety, efficiency, clean air and their consumer warranty rights are to be respected by those in the seats of private and public power.

The lead author, Joan Claybrook, former head of NHTSA under President Jimmy Carter, and a relentless advocate, organized and coordinated the creation of this report.

The following people provided Joan Claybook much appreciated assistance with this effort:  Jackie Gillan (President Emeritus, Advocates for Highway and Auto Safety), Cathy Chase, Peter Kurdock, Tara Gill, and Shaun Kildare (Advocates for Highway and Auto Safety),  Jack Gillis (Consumer Federation of America),  Jason Levine and Michael Brooks (Center for Auto Safety) Janette Fennell (KidsAndCars) and artist and cover designer Jacqueline McLaughlin.  

FOR MORE INFORMATION:
CALL: 202-387-8030
EMAIL: info@csrl.org