Wednesday, April 29, 2009

Cash-Strapped Homeowners Face New Threat


Watch Out for the Mortgage Vultures: Cash-Strapped Homeowners Face New Threat

By Matthew PalevskyHuffington Post. Posted April 29, 2009.


Fraudulent schemes that prey on people who risk losing their homes are on the rise.


Capitalizing on the collapse of the housing market, a Fair Oaks, Calif., company claimed to provide loan-modification services while siphoning money from clients on the brink of losing their homes, say several former clients and employees.

Superior Properties, formerly 2nd Chance Negotiations, operates by soliciting an up-front-fee from homeowners facing foreclosure in return for legal counsel, a lower principal on their mortgage, and a "100 percent money-back guarantee." It's the type of promise that the Federal Trade Commission says is typical of mortgage scams that are the subject of a recently announcednationwide crackdown by the federal government.

2nd Chance Negotiations attracted over 1,000 customers before the California's Department of Corporations (DOC) and Department of Real Estate (DRE) issued separate desist-and-refrain orders on March 24. The joint investigation that led to the desist orders stated that the business was "not licensed and/or legally authorized" to perform its promised services, nor to collect fees in advance -- fees that ran as high as $6,000.


The Soaring Rate of Abandoned Animals Is the Latest Sign of a Deep Economic Crisis

By Liliana SeguraAlterNet. Posted April 28, 2009.

Abandoned animals and "foreclosure pets" are the innocent victims of our financial downward spiral.

Beginning last year and well into 2009, a disturbing media trend emerged, as local news outlets across the country began reporting different versions of the same sad tale: Dogs, cats and other animals were being found abandoned inside and outside of shuttered homes, the "silent victims," apparently, of the foreclosure crisis.

There were the three dogs found dead in Arkansas that had been locked inside pet carriers without food or water; the "emaciated" German shepherd left chained to a tree in the backyard of an abandoned home in Arizona (he was later euthanized); thestarving pit bull in Stockton, Calif., discovered in the wreckage of a ruined house, whose owners had "trashed their home before a bank foreclosed on it." (One Animal Protective League officer in Cleveland calls this "part of the revenge process: They leave these animals to defecate in the house to destroy the furniture and to urinate on everything to make it difficult for the mortgage company to clean up.")

As more and more Americans have lost their homes to the wave of foreclosures that has swept the nation, a shocking portion of them, whether due to an inability or an unwillingess to find homes for their animals after being rendered homeless themselves, have simply left their pets behind.

"This has really become an epidemic," Allie Phillips, director of Public Policy at the American Humane Association told the Detroit News earlier this month. According to her estimates, with some 8,000 houses going into foreclosure every day, from 15,000 to 26,000 more animals are in danger of losing their homes daily.

Not all pets have been left to fend for themselves, of course. After all, most states consider it a crime abandon animals (although such anti-cruelty laws are not strictly enforced). But an untold number have been given up because the owners had no other choice.

The Detroit News tells the story of a woman who came in with her son to give up a 9-year-old purebred Yorkshire terrier after losing their home. "They were just bawling, but they had no place to live," said Kayla Allen, director of the Michigan Animal Rescue League in Pontiac.

And the New Haven Register recently told of a Connecticut woman who was forced to move in with her parents after losing her home, and in the process had to give up her two cats (sisters) as well.

"She had gotten them from a shelter when they were really, really tiny," said Mary Mellows, who runs a local cat rescue and picked up the cats in a gas station parking lot. "This woman had bottle fed them, and she had had them for 11 years, and she and her husband were being foreclosed on. She was devastated." The obviously well-cared-for cats "came equipped with everything -- cat trees and litter boxes and photo albums. They were definitely a part of the family."

In the news and on animal-rescue listservs, stories like this one are ubiquitous. They are also not going away. This past February, the American Society for the Prevention of Cruelty to Animalsestimated that the number of cats and dogs at risk of becoming homeless due to the economic crisis stands between 500,000 and 1 million.

'When times are hard for people, they're hard for their pets'

"What we've always known is that when times are hard for people, they're hard for their pets," Stephen Zawistowski, vice president at the ASPCA told the Associated Press last January. But with the unprecedented foreclosure crisis now compounded by a broader economic catastrophe, the landscape is looking particularly bleak. "According to national financial estimates, approximately 1 in 171 homes in the United States is in danger of foreclosure due to the subprime mortgage crisis," Zawistowski said in a statement released by the ASPCA in February. "And considering that approximately 63 percent of U.S. households have at least one pet-plus, hundreds of thousands of pets are in danger of being abandoned or relinquished to animal shelters across the country."

for full story, 

In the meantime, animal rescue workers are urging people not to leave pets behind, regardless of the circumstance.

"If you have to relinquish your pet, and you're not able to rehome them yourselves, never abandon the pet," a spokesperson for the Michigan Humane Society Never told the Associated Press. "Never leave them behind outdoors or in a closed home. It's never the right choice."


Tuesday, April 28, 2009

Cyber Command to Control U.S. Citizens

The Wall Street Journal revealed April 24 that current National Security Agency (NSA) director Lt. General Keith Alexander will “head the Pentagon’s new Cyber Command.”

Friday’s report follows an April 22 piece published by the Journal announcing the proposed reorganization. The Obama administration’s cybersecurity initiative will, according to reports, “reshape the military’s efforts to protect its networks from attacks by hackers, especially those from countries such as China and Russia.”

When he was a presidential candidate, Obama had pledged to elevate cybersecurity as a national security issue, “equating it in significance with nuclear and biological weapons,” the Journal reported.

The new Pentagon command, according to The Washington Post, “would affect U.S. Strategic Command, whose mission includes ensuring U.S. ‘freedom of action’ in space and cyberspace, and the National Security Agency, which shares Pentagon cybersecurity responsibilities with the Defense Information Systems Agency.”

How Cyber Command’s launch would effect civilian computer networks is unclear. However, situating the new agency at Ft. Meade, under the watchful eyes of National Security Agency snoops, should set alarm bells ringing...

As “economic disparities” grow, particularly during a period of profound capitalist economic meltdown, newer and more effective measures to ensure compliance are required by the ruling class and its state. This is underscored by Cyber Command’s goal “to achieve situational dominance at a time and place of our choosing.”

The already slim protections allegedly afforded by the shameful FISA Amendments Act have already been breeched by NSA. As The New York Times reported April 16, NSA interception of the private e-mail messages and phone calls of Americans have escalated “in recent months on a scale that went beyond the broad legal limits established by Congress last year.”

As Wired reported April 17, the NSA isn’t the only agency conducting cyber operations against American citizens. One of the FBI’s International Terrorism Operations Sections requested an assist from the Bureau’s Cryptographic and Electronic Analysis Unit, CEAU, according todocuments obtained by the magazine under the Freedom of Information Act. The FBI “geek squad” was in a position to conduct a “remote computer attack” against the target, and that “they could assist with a wireless hack to obtain a file tree, but not the hard drive content.”

This followed an April 16 report published by Wired that a “sophisticated FBI-produced spyware program has played a crucial behind-the-scenes role in federal investigations into extortion plots, terrorist threats and hacker attacks in cases stretching back at least seven years, newly declassified documents show.”

But as documented last year in a case involving activists targeted during anti-RNC protests, with “preemptive policing” all the rage in Washington, the same suite of hacking tools and spyware used to target criminals and terrorists are just as easily deployed against political activists, particularly socialists, anarchists and environmental critics who challenge capitalism’s free market paradigm.

Despite these revelations, the Obama administration is poised to hand control of the nation’s electronic infrastructure over to an out-of-control agency riddled with corporate grifters and militarists whose bottom-line is not the security of the American people but rather, the preservation of an economically and morally bankrupt system of private profit fueled by wars of aggression and conquest.

from Pentagon’s Cyber Command to Be Based at NSA’s Fort Meade

More Tales From the Housing Bust

Hindenburg Digest: More Tales From the Housing Bust

Why is the media misleading the public about housing?

The housing market is crashing. There are no “green shoots” or “glimmers of hope”; the market is worn to a stump, it’s kaput. Still, whenever new housing figures are released, they’re crunched and tweaked and spin-dried until they tell a totally different story: a hopeful story about an elusive “light in the tunnel.” But there is no light in the tunnel; it’s a myth. The truth is, there’s no sign of a turnaround or a “bottom” in housing at all. Not yet, at least. The real estate market is freefalling and it looks like it’s got a long way to go. So why is the media still peddling the same “rose-colored” claptrap that put the country in this pickle to begin with? Here’s an example of media spin, which appeared in Bloomberg News on Wednesday:

“US home prices rose 0.7 percent in February from the month before, the Federal Housing Finance Agency said in Washington today, a sign that low interest rates may be moderating declines in real estate values. . . . Housing market data indicates prices are starting to “stabilize,” and households’ available cash should improve through each quarter of 2009 and into 2010.” (Bloomberg)

This report is complete gibberish. The only way to get a fix on what’s really happening with housing is to compare prices year over year (yoy) not month to month. Clearly, the journalist decided to spin the story from this angle because it offered the one flimsy sign of hope in a sector that’s been reduced to rubble. But, don’t be fooled, housing isn’t staging a comeback. Not by a long shot.

This is from Marketwatch:

“The Case-Shiller index of 20 major cities fell 2.8% in January, the fastest decline on record. The Case-Shiller index rose more than the Federal Housing Finance Agency (FHFA) index did during the bubble, and it’s fallen faster since the bubble burst . . . The index was down 19% year-over-year in January.”

So, the only reason that housing prices rebounded (slightly) in February was because, one month earlier, they were “declining at the fastest pace on record.” That’s not a sign of “green shoots” like the Pollyannas say. It’s a sign of a ferocious ongoing contraction. The only thing that’s keeping housing from collapsing completely is the Fed’s purchases of Fannie and Freddie mortgage-backed securities (MBS). Bernanke’s action has pushed interest rates to record lows giving homeowners a chance to refinance rather than default on their loans. Struggling homeowners have been granted a one-time reprieve courtesy of the US taxpayer. That’s great, but the fact that the Fed is subsidizing the industry to the tune of $1.25 trillion is hardly cause for celebration. What Bernanke should have done is prevented the credit bubble from inflating in the first place.

...New Home Sales Update: On Friday, stocks skyrocketed on news that “new home sales did not fall as far as expected.” Once again, the story was presented in a way that suggested the housing market is “stabilizing”. But a closer examination of Friday’s data reveals how the media has manipulated the facts to create the impression that things are getting better. But they are not getting better; they’re getting worse. Here is a summary of Friday’s “good news”: 

1) The median price of a new home fell $201,400 year over year (YOY)

2) Sales of new homes were down 31 percent from March 2008. They reached a record 1.389 million in July 2005.

3) Distressed properties accounted for about 50 percent of all sales.

4) Inventory (new homes) is still bulging at 10.7 months

5) Foreclosures are at record highs

Friday, April 24, 2009

Beware the Chicago boys

Beware the Chicago boys

Obama's vow of love for free markets gives reason to fear a replay of Bill Clinton's 1993 U-turn

Naomi Klein

Barack Obama waited just three days after Hillary Clinton pulled out of the race to declare, on CNBC: "Look. I am a pro-growth, free-market guy. I love the market." Demonstrating that this is no mere spring fling, he has appointed the 37-year-old Jason Furman, one of Wal-Mart's most prominent defenders, to head his economic team. On the campaign trail, Obama blasted Clinton for sitting on the Wal-Mart board and pledged: "I won't shop there." For Furman, however, Wal-Mart's critics are the real threat: the "efforts to get Wal-Mart to raise its wages and benefits" are creating "collateral damage" that is "way too enormous and damaging to working people and the economy ... for me to sit by idly and sing Kum Ba Ya in the interests of progressive harmony".

Obama's love of markets and his desire for "change" are not inherently incompatible. "The market has gotten out of balance," he says, and it most certainly has. Many trace this profound imbalance to the ideas of Milton Friedman, who launched a counter-revolution against the New Deal from his perch at the University of Chicago. And here there are more problems, because Obama - who taught law at Chicago for a decade - is embedded in the mindset known as the Chicago School.

Obama chose as his chief economic adviser Austan Goolsbee, a University of Chicago economist on the left side of a spectrum that stops at the centre-right. Goolsbee, unlike his Friedmanite colleagues, sees inequality as a problem. His primary solution, however, is more education - a line you can also get from Alan Greenspan. Goolsbee has been eager to link Obama to the Chicago School. "The guy's got a healthy respect for markets," he told Chicago magazine. "It's in the ethos of the [University of Chicago], which is something different from saying he is laissez faire."

Another of Obama's Chicago fans is the 39-year-old billionaire Kenneth Griffin, the CEO of the hedge fund Citadel. Griffin, who gave the maximum allowable donation to Obama, is a poster boy for an unbalanced economy. He got married at Versailles, and is one of the staunchest opponents of closing the hedge-fund tax loophole.

While Obama talks about toughening trade rules with China, Griffin has been bending the few barriers that do exist. Despite sanctions prohibiting the sale of police equipment, Citadel has been pouring money into controversial China-based security companies that are putting the local population under unprecedented levels of surveillance.

Now is the time to worry about Obama's Chicago Boys and their commitment to fending off regulation. It was in the two-and-a-half months between winning the 1992 election and being sworn into office in 1993 that Bill Clinton did a U-turn on the economy. He had promised to revise the North American Free Trade Agreement, adding labour and environmental provisions - but two weeks before his inauguration, the then Goldman Sachs chief, Robert Rubin, convinced him of the urgency of embracing liberalisation.

Furman, a Rubin disciple, was chosen to head the Brookings Institution's Hamilton Project, the thinktank Rubin helped found to argue for the free trade agenda. Add to that Goolsbee's February meeting with Canadian officials, who got the impression that they should not take Obama's anti-Nafta campaigning seriously, and there is every reason for concern about a replay of 1993.

continued 

Disaster Capitalism in Action

Lending by Bailed Out Banks Keeps Dropping

Wall Street JournalApril 20, 2009

Lending at the biggest U.S. banks has fallen more sharply than realized, despite government efforts to pump billions of dollars into the financial sector.

According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program. The total dollar amount of new loans declined in three of the four months the government has reported this data.


100 Former Govt Employees Now Working as Bank Lobbyists on Bailout

Daniel Schulman and Jonathan Stein, Mother JonesApril 9, 2009


"Corporations hiring departed congressional staffers as lobbyists is a ho-hum practice on K Street. But the stakes are particularly high when these Capitol Hill vets are sicced on programs and legislation that are crucial to the country's financial recovery and that involve massive amounts of government spending. In the past year, top bailout recipients, from Goldman Sachs to Bank of America to JPMorgan Chase, have dispatched more than 100 past congressional staffers and ex-government officials to shape the bailouts to their liking. This crew of well-connected lobbyists includes ex-employees of the congressional committees on banking, finance, and commerce; one-time aides to Democratic and Republican leaders; former Treasury officials; and a past aide to Rahm Emanuel, now the White House chief of staff."

Ex-Blackwater Workers May Return to Iraq Jobs

Rod Nordland, New York TimesApril 4, 2009


“Critics of Blackwater said they worried that the same people might perpetuate what they believed was a corporate culture that disregarded Iraqis' lives. ‘They're really all still there, and it's back to business as usual,’ said Susan Burke, an American lawyer who has filed three civil rights lawsuits against Blackwater on behalf of Iraqi civilians alleged to be victims of it.”


Bankers Bet on Number of Arrests, Deaths and Injuries at G20

David Teather, The GuardianApril 2, 2009


"'I'll make money if they arrest more than 140,' he said. Traders, he explained, were putting spread bets on the number of arrests - with the quoted spread on Bloomberg at 130-140. They were also paying out on deaths and if more than 20 protesters were injured in horse charges. The riots, they said, were only a minor inconvenience: 'We've been in this morning, made a lot of money and now are chilling out.'"


Obama Administration Awards $20 Million Contract to Boeing for Border Surveillance Towers

Eileen Sullivan, Associated PressApril 1, 2009


"Tim Sparapani, senior legislative counsel at the American Civil Liberties Union, said the Secure Border Initiative has been a disaster since its inception. 'The technologies don't work, they're not weather-resistant and they're certainly privacy invasive,' Sparapani said. 'Putting them in America's backyards only invades the privacy of Americans, it doesn't add to our security.'"

After Lobbying for Years, Banks Likely to Achieve Accounting Rules Change

Ian Katz and Jesse Westbrook, Bloomberg NewsMarch 30, 2009


"Conrad Hewitt, a former chief accountant at the SEC who stepped down in January, said representatives from the ABA, American International Group Inc., Fannie Mae and Freddie Mac all lobbied him over the past two years to suspend the fair- value rule. Executives 'would come to me in the afternoon with the argument, "You've got to suspend it,"' Hewitt said in a March 25 interview. The SEC, which oversees FASB, would reject their demands, and “the next morning their lobbyists would go to Congress,” he said.

Update on April 2Government Gives in to Pressure and Eases Mark to Market Rules, Bloomberg News

Bailed Out Banks Make Campaign Contributions to Politicians Overseeing TARP

Michael Isikoff and Dina Fine Maron, NewsweekMarch 21, 2009


"A NEWSWEEK review of recent filings with the Federal Election Commission found that the political action committees of five big TARP recipients doled out $85,300 to members in the first two months of this year—with most of the cash going to those who serves on committees who oversee the TARP program. Among them: Bank of America (which got $15 billion in bailout money) sent out $24,500 in the first two months of 2009, including $1,500 to House Majority Leader Steny Hoyer and another $15,000 to members of the House and Senate banking panels. Citigroup ($25 billion) dished out $29,620, including $2,500 to House GOPWhip Eric Cantor, who also got $10,000 from UBS which, while not a TARP recipient, got $5 billion in bailout funds as an AIG 'counterparty.' 'This certainly appears to be a case of TARP funds being recycled into campaign contributions,' says Brett Kappel, a D.C. lawyer who tracks donations. (A spokesman for Cantor did not respond to requests for comment. A spokeswoman for Hoyer said it's his 'policy to accept legal contributions.')"

Citigroup May Spend $10 Million for Executive Suite

Erik Schatzker, Bloomberg NewsMarch 19, 2009

"Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank.

"Affidavits filed with New York’s Department of Buildings show Citigroup expects to pay at least $3.2 million for basic construction such as wall removal, plumbing and fire safety. By the time architect’s fees and expenses such as furniture are added, the tally for the offices at the bank’s Park Avenue headquarters will be at least three times as high, according to a person familiar with the project who declined to be identified because he’s not authorized to comment. Citigroup said the project will help it save money over time.... 


Banks Receiving TARP Funds Owe More Than $220M in Back Taxes

Matt Jaffe, ABC NewsMarch 19, 2009

"At least 13 companies who have received some of the $300 billion in TARP funds owe hundreds of millions of dollars in back taxes, it was revealed today. 

"Two of the companies owe more than $100 million in taxes, said Rep. John Lewis, D-Ga., chairman of the House Ways and Means Subcommittee on Oversight. Altogether, the 13 companies owed the government more than $220 million in unpaid taxes, he said.... He didn't identify the companies or indicate how much TARP money they have received. But some of the corporations that have received the largest chunks of TARP cash include AIG, Bank of America, Citigroup, General Motors and Chrysler."

Most of AIG's $160 Billion Bailout Went to Large Banks; Firm Also Spent $165 Million in Staff Bonuses

Hugh Son and Robert Schmidt, Bloomberg NewsMarch 16, 2009

"American International Group Inc., under pressure to reveal how it spent billions of dollars in taxpayer funds since its September bailout, said $105 billion flowed to U.S. states and banks including Goldman Sachs Group Inc., Societe Generale SA and Deutsche Bank AG. Banks that bought credit-default swaps or traded securities with AIG got $22.4 billion in collateral, $27.1 billion in payments from a U.S. entity to retire the derivatives, and $43.7 billion tied to the securities-lending program, AIG said yesterday in a statement. States led by California and Virginia got $12.1 billion tied to guaranteed investment contracts....

http://www.naomiklein.org/shock-doctrine/resources/disaster-capitalism-in-action


Thursday, April 23, 2009

Design for Failure: High Cost with Little Benefit

Most of the small print about the Administration’s plan to help beleaguered mortgage borrowers is now available at www.makinghomeaffordable.gov. In my view, it is disappointing in its limited scope. The program is ostensibly designed to provide benefits to owners who deserve to be helped, rather than to reduce foreclosures and stabilize home prices which is the root cause of the foreclosure problem.

The program name is "Making Home Affordable", henceforth MHA, and it has two parts. Part one is directed toward increasing refinance opportunities for borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac, and who don’t have more than 5% negative equity on their first mortgage. Borrowers with negative equity greater than 5% don’t qualify.

The second part of the program encourages payment-reducing contract modifications of mortgages that are endangered by adverse events affecting the borrower – such as a job loss or a pending rate increase. The major tool for reducing the payment is rate reduction, with balance reductions only a last resort. Borrowers with investment properties don’t qualify.

The limited scope of the program is why its cost is estimated at only $75 billion, or less than the amount required to bail out AIG. The systemic impact will be correspondingly small.

Failure to Attack Negative Equity

The major limitation of the program is that it does not attack the problem of negative equity – mortgage balances larger than the value of the homes securing the mortgages. Large and growing negative equity underlies the sharply reduced values of mortgages and mortgage-related assets on the books of the financial institutions holding them. These reductions in asset values have eroded the capital of these institutions, which the Government in case after case has had to replenish to prevent failures.

The new program is focused entirely on the capacity of borrowers to make their monthly payments. Indeed, this is evident from the program name, "Making Home Affordable". The major tool for reducing the payment is rate reduction, with balance reductions only a last resort in cases where rate reduction and term extension can’t get the payment low enough to be affordable.

This approach flies in the face of evidence that balance reductions are critically important in avoiding subsequent redefaults. A recent study by Roberto G. Quercia, Lei Ding and Janneke Ratcliffe, found that "Among the different types of modifications, the principal forgiveness modification [ie, balance reductions] has the lowest redefault rate. We believe that this is because it addresses both the short-term issue of mortgage payment affordability and the longer-term problem of negative equity…The results indicate that households with negative home equity are more likely to redefault over time, even when a modification has initially lowered the mortgage payment." [Loan Modifications and Redefault Risk, Center For Community Capital Working Paper, March 2009].

Mindset Underlying the Neglect of Negative Equity

A different mindset is applied to helping borrowers as opposed to helping financial firms. Firms are helped in order to avoid the systemic consequences of the firm’s failure. Whether or not the firm "deserves" to be helped is wholly irrelevant. Indeed, it could be argued that the largest bailouts have been directed to the least-deserving firms. This is unfortunate but unavoidable because it is the system that is as stake.

When it comes to assisting mortgage borrowers, however, the mindset is that assistance should be limited to those who have some moral claim to Government assistance. Eligibility is based on deservedness, with the systemic implications swept aside.

In the minds of the program’s designers, having negative equity is not an indicator of deservedness. True, most negative equity has arisen from broad price declines affecting entire markets.

[Adapted from www.mtgprofessor.com/]

Jack M. Guttentag is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania, and founder of GHR Systems, Inc., a mortgage technology company.

Wednesday, April 22, 2009

10 Environmental Disasters to Remember on Earth Day

10 Environmental Disasters to Remember on Earth Day

By Jeff BiggersAlterNet. Posted April 21, 2009.


Ten tragic lessons in our history that should never be forgotten. And one climate tragedy in the making that needs our urgent help.


Ten tragic lessons in our nation's environmental history that should never be forgotten. And one climate destabilization tragedy in the making that needs our urgent help.

1. Extinction: Three Species Per Hour

According to a United Nations report released in 2007, our planet is at risk of losing three species per hour. Ahmed Djoghlaf, the head of the U.N. Convention on Biological Diversity, declared: "We are indeed experiencing the greatest wave of extinctions since the disappearance of the dinosaurs. Extinction rates are rising by a factor of up to 1,000 above natural rates. Every hour, three species disappear. Every day, up to 150 species are lost. Every year, between 18,000 and 55,000 species become extinct."

For John J. Audubon, the extinction of the Passenger Pigeon, the great American wild pigeon, would have ranked high: "The multitudes of Wild Pigeons in our woods are astonishing," Audubon wrote. "Indeed, after having viewed them so often, and under so many circumstances, I even now feel inclined to pause, and assure myself that what I am going to relate is fact. Yet I have seen it all, and that too in the company of persons who, like myself, were struck with amazement." A victim of hunting and industrial abuses, the last Passenger Pigeon died in an Ohio zoo in 1914.

2. Everything in Its Path: Mountaintop Removal

Imagine a quarter-mile strip of land stretching from Washington, DC until San Francisco: An estimated 800-1000 square miles of mountains and valleys have been eliminated from the American landscape since the launch of mountaintop removal strip mining operations in central Appalachia in 1970. Using explosives and heavy machinery, over 500 mountains in the oldest and one of the most diverse ranges on earth, have been clear cut, blown to bits and then toppled into valleys and streams with their waste since President Jimmy Carter signed the Surface Mining Control and Reclamation Act in 1977, which shamefully recognized mountaintop removal as an approved mining technique.

Mountaintop removal has not only destroyed the natural heritage; it has ripped out the roots of the Appalachian culture and depopulated the historic mountain communities in the process.

It continues today as one of the most egregious human rights and environmental violations in the nation.

3. Donora Smog: Worst Air Pollution Disaster

With a severe temperature inversion, poisonous gases such as sulfuric acid and nitrogen dioxide were trapped in the stagnant air of the Donora mill town in the Monongahela River Valley in Pennsylvania. Released from various steel works and a zinc plant, whose sulfuric emissions had wiped out most vegetation within a half-mile, 20 people were killed and thousands stricken with respiratory and heart problems by the smog in the fall of 1948.

4. Don't Call Them Accidents: The TVA Coal Ash, Martin County Coal Slurry and Buffalo Creek Disasters

When the dike broke at the TVA Kingston Fossil Plant coal fly ash pond on December 22, 2008, and over 1.1 billion gallons of toxic sludge eased its way into tributaries and watersheds of the Tennessee River, former MSHA investigator Tony Oppegard had flashbacks to the largely overlooked Martin County, Kentucky coal slurry impoundment that broke on October 11, 2000, and dumped over 306 million gallons of toxic sludge into the tributaries of the Tug Fork River. Both dirty coal incidents and negligent handling wiped out aquatic life and contaminated the drinking water for thousands of residents.

As the worst environmental disasters in the eastern states in modern times, the two incidents didn't rank as "accidents" to Oppegard, a veteran Kentucky mine safety lawyer and investigator. "A spill implies something benign ("I spilled my milk"), and many folks won't read past the headline. It also implies that it was "just an accident" --that is, that it wasn't foreseeable and that gross negligence or criminal conduct didn't occur, which I certainly would not assume at this point. To the contrary, I assume that there was gross negligence in this case."

The TVA disaster came as a wakeup call that nearly half the American population (and their watersheds) live within an hour's drive of a coal ash pond or slurry impoundment. It also reminded the nation that the coal ash pond had yet to be classified or regulated as hazardous waste sites.

Residents in the Buffalo Creek Hollow were not so fortunate. On February 26, 1972, over 132 million gallons of sludge broke past a coal slurry impoundment, flooded 16 townships, and took 125 lives and left thousands of people homeless in Logan County, West Virginia.

5. Love Canal: The Origins of the Superfund

In a quiet neighborhood in Niagara Falls, New York, over 21,000 tons of toxic waste were buried in the 1940s, covered with dirt and a plot of grass. Twenty-five years later, recognizing the extraordinary rates of birth defects, miscarriages, cancer and nervous disorders in the area -- along with the construction of a school near the contaminated site -- Love Canal resident Lois Gibbs led a campaign to uncover the environmental disaster. According to one survey, 56% of the children born in the 1970s suffered from some form of a birth defect. An EPA study estimated that one out of three residents in the area had undergone chromosomal damage.

Eventually, 800 families were relocated from the area. Their tragedy led to the passing of the Comprehensive Environmental Response Compensation and Liability Act, or Superfund Act, which granted federal authorities the funds to clean up contaminated sites and hold polluters accountable. 

6. Exxon Valdez Oil Spill

On March 24, 1989, the Exxon Valdez oil tanker struck a reef in the Prince William Sound and poured 10.8 million gallons of crude oil into the sea. Wiping out the marine life in the area, the oil spill eventually stretched over 11,000 square miles.

Twenty years later, the Exxon disaster is not a story of naval impairment and workplace negligence, or an indicator of the toxic levels of oil. As Meg White writes: "Beyond the environmental massacre precipitated by the spill itself, Exxon is guilty of extreme negligence. Alaskan fishing towns such as Cordova and Valdez are shadows of their former selves due to the environmental, economic, and social repercussions of the spill. Despite corporate promises, the communities torn asunder by the disaster were never made whole again. It's a sad state of affairs when people who have been hurting for two decades are still waiting for the situation they've been trapped in to be resolved. That is, in itself, an important reason to go back to this story on its 20th anniversary."

7. Black Mesa: Removing the Liver of the Earth

The site of one of the largest strip mines in the country since 1966, Black Mesa remains like a scar on our nation's conscience for the scandalous machinations of Peabody Energy on the Dine/Navajo and Hopi reservations. As part of a 273-mile slurry line, billions of gallons of water were also siphoned from the Navajo aquifer for decades. As the main water source for the native farmers and ranchers in the area, this caused wells and springs to dry up, groundwater levels to plummet and native vegetation to vanish.

As investigative journalist Judith Nies reported in 1998: "Thirty years after the strip mining for coal began, the cities have the energy they were promised, but the Hopi and Navajo nations are not rich-that part of the plan proved ephemeral. Instead, Black Mesa has suffered human rights abuses and ecological devastation; the Hopi water supply is drying up; thousands of archeological sites have been destroyed; and, unbeknownst to most Americans, twelve thousand Navajos have been removed from their lands-the largest removal of Indians in the United States since the 1880s."

The nightmare of Black Mesa is not over. In an 11th hour ploy, the Bush administration gave the green light for an expansion of strip mining at Black Mesa in December, 2008. "Black Mesa is the female mountain, coal is her liver, water is her lifeblood, and we need to leave it in the ground," says Marie Gladue Dine from Black Mesa. "Taking coal out of the earth is a dirty business, and it's time to move toward a clean energy future that respects indigenous communities and our future generations."

8. Hurricane Katrina: A Failure of Initiative

On August 29th, 2005, Hurricane Katrina, the third major hurricane of the 2005 season, hit the Gulf Coast of the United States. The Category 4 hurricane took over 1,300 lives and displaced hundreds of thousands of residents. It devastated marine habitats over 217 square miles of coastline.

Finding that the levees protecting New Orleans were not built for the most severe hurricanes and lacked a warning system for breaches and repairs to the levees, the Bipartisan Congressional Report concluded: "The failure of local, state, and federal governments to respond more effectively to Katrina -- which had been predicted in theory for many years, and forecast with startling accuracy for five days -- demonstrates that whatever improvements have been made to our capacity to respond to natural or man-made disasters, four and half years after 9/11, we are still not fully prepared." 

9. The Worst Hard Time: The Making of the Great Dust Bowl

As a combination of over-grazing, over-cultivation, and unwise agricultural practices and abuses that led to massive erosion and destruction of the natural grasslands, extraordinary drought conditions in the 1930s whipped up massive dust storms across 100 million acres of Oklahoma and Texas and parts of the Great Plains.

Author Timothy Egan noted: "There are so many echoes of what happened in the 1930s and Hurricane Katrina on the Gulf Coast in the summer of 2005. For starters, there were ample warnings that a large part of the United States could be rendered uninhabitable if people continued to live as they did - in this case, ripping up all the grass that held the earth in place. In one sense, the prairie grass was like the levees around New Orleans; the grass protected the land against ferocious winds, cycles of drought, and storms. Then after the big dusters hit, you had a massive exodus: more than a quarter million people left their homes and fled. Never before or since had so many Americans been on the move because of a single weather event - until Hurricane Katrina."

10. Bhopal: How Union Carbide Made the World Flat

It didn't take place in the United States, but it deserves a spot on any list of American-sponsored environmental disasters: On the night of December 3, 1984, a Union Carbide pesticide plant leak exposed over 500,000 people to toxic methyl isocyanate gases in Bhopal, India. A village awoke to the mayhem of terror and burning lungs; an estimated 8,000 people died, though the numbers have never been confirmed and are assumed to be much greater. Union Carbide had disregarded warnings about potential leaks and improper safety conditions for years.

The Future Earth Day is Now: Kivalina Vs. ExxonMobil

The native Inupiat villagers in Kivalina and Shishmaref, along a six-mile barrier island between the Chukchi Sea and the Kivalina River on the Northwest Arctic coast, are on the frontlines of climate change. With the sea ice melting, their coastline community has experienced massive erosion and devastation. The villagers have sued ExxonMobil and a host of oil companies, power companies and one coal company for the destruction of their way of life from unchecked CO2 emissions.

For more information, see: http://www.shishmarefrelocation.com/