$140 billion for bonuses, zero for America’s future

Our Future Blog
by Dave Johnson

11/12/09

Here is another story about Wall Street’s war on the real economy: US Steel was planning to invest $1 billion in building an environmentally-friendly new ‘coke battery’ plant in Clairton, PA. The new battery would dramatically reduce the emissions used in the process, and use the gases to produce electricity. … U.S. Steel broke ground on the project on October 22, 2008. Along came the financial crisis, and financing for the plant dried up. They had to suspend work in April, 2009...

http://tinyurl.com/y8rauog

Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=financial+crisis
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