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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/fcic.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/fcic.jpg\" alt=\"\" title=\"fcic\" width=\"176\" height=\"133\" class=\"alignleft size-full wp-image-17398\">\u003c/a>It's not often you can read an entire bestseller online for free. But the Financial Crisis Inquiry Commission \u003ca href=\"http://www.fcic.gov/report\">\u003cstrong>report\u003c/strong>\u003c/a>, chaired by former California state treasurer, gubernatorial candidate, and native Sacramentan Phil Angelides, is currently No. 19 on the New York Times \u003ca href=\"http://www.nytimes.com/best-sellers-books/paperback-nonfiction/list.html\">Paperback Nonfiction Best Seller list\u003c/a>. Last week it debuted at No. 10.\u003c/p>\n\u003cp>The 10-member \u003ca href=\"http://www.fcic.gov/\">commission\u003c/a> was created by an act of congress and signed into law by President Obama in 2009. Its charge was to \"examine the causes, domestic and global, of the current \u003ca href=\"http://en.wikipedia.org/wiki/Financial_crisis_%282007%E2%80%93present%29\">financial and economic crisis\u003c/a> in the United States.\" That crisis is widely considered to be the worst since the Great Depression and one that led into the vicious \u003ca href=\"http://en.wikipedia.org/wiki/Late-2000s_recession\">recession\u003c/a> that we are still feeling the effects of.\u003c/p>\n\u003cp>Angelides was a guest on Forum today, \u003ca href=\"http://www.kqed.org/a/forum/R201102221000\">\u003cstrong>archived here\u003c/strong>\u003c/a>, talking about the commission's \u003ca href=\"http://www.fcic.gov/report\">\u003cstrong>final report\u003c/strong>\u003c/a>. Among other topics, Angelides answered charges by Republicans that the report is a political document reflecting a pre-existing narrative the Democrats on the panel believe. The final report was adopted by a vote of 6 - 4, with the four Republican commissioners \u003ca href=\"http://c0182732.cdn1.cloudfiles.rackspacecloud.com/fcic_final_report_hennessey_holtz-eakin_thomas_dissent.pdf\">issuing\u003c/a> two \u003ca href=\"http://c0182732.cdn1.cloudfiles.rackspacecloud.com/fcic_final_report_hennessey_holtz-eakin_thomas_dissent.pdf\">dissenting\u003c/a> views among them, another indication of the tremendous partisan divide that exists not only on ways to tackle the economy now and in the future, but also on how to interpret the problems of the past.\u003c/p>\n\u003cp>To cut to the chase of the report, take a look at its \u003ca href=\"http://c0182732.cdn1.cloudfiles.rackspacecloud.com/fcic_final_report_conclusions.pdf\">\u003cstrong>conclusions\u003c/strong>\u003c/a>, outlined here:\u003cbr>\n\u003c!--more-->\u003c/p>\n\u003cul>\n\u003cli>We conclude widespread failures in financial regulation and supervision proved devastating to the stability of the nation’s financial markets.\n\u003c/li>\u003cli>We conclude dramatic failures of corporate governance and risk management at many systemically important financial institutions were a key cause of this crisis.\n\u003c/li>\u003cli>We conclude a combination of excessive borrowing, risky investments, and lack of transparency put the financial system on a collision course with crisis.\n\u003c/li>\u003cli>We conclude the government was ill prepared for the crisis, and its inconsistent response added to the uncertainty and panic in the financial markets.\n\u003c/li>\u003cli>We conclude there was a systemic breakdown in accountability and ethics.\n\u003c/li>\u003c/ul>\n\u003cp>For a highly listenable, in-depth examination of the financial crisis, check out This American Life's \"\u003ca href=\"http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money\">The Giant Pool of Money\u003c/a>,\" from 2008.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cp>Rachael Myrow here, host of the \u003ca href=\"http://www.californiareport.org/\">California Report\u003c/a>, with a handful of links to cool and/or important stories outside the Bay Area local readers should check out.\u003c/p>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cul>\n\u003cli>\u003ca title=\"http://www.nytimes.com/2011/02/16/us/16jobs.html?emc=tnt&tntemail0=y\" href=\"http://www.nytimes.com/2011/02/16/us/16jobs.html?emc=tnt&tntemail0=y\">With Demolition, Apple Chief Makes Way for House 2.0\u003c/a> (New York Times)\u003c/li>\n\u003cli>\u003ca title=\"http://online.wsj.com/article/SB10001424052748704409004576146471401456158.html?mod=hps_us_my_companies\" href=\"http://online.wsj.com/article/SB10001424052748704409004576146471401456158.html?mod=hps_us_my_companies\">Judge Blasts Barclays Over Del Monte Sale\u003c/a> (Wall Street Journal)\u003c/li>\n\u003cli>\u003ca href=\"http://www.velonation.com/News/ID/7453/Armstrong-confirms-retirement-wont-be-competing-in-Tour-of-California.aspx\" target=\"_self\">Armstrong confirms retirement, won't be competing in Tour of California\u003c/a> (VeloNation)\u003c/li>\n\u003cli>\u003ca title=\"http://chronicle.com/blogs/wiredcampus/stanford-u-research-could-eliminate-cellphone-dead-zones/29806?sid=at&utm_source=at&utm_medium=en\" href=\"http://chronicle.com/blogs/wiredcampus/stanford-u-research-could-eliminate-cellphone-dead-zones/29806?sid=at&utm_source=at&utm_medium=en\">Stanford U. Research Could Eliminate Cellphone Dead Zones\u003c/a> (Chronicle of Higher Education)\u003c/li>\n\u003cli>\u003ca href=\"http://www.times-standard.com/localnews/ci_17400709\">Caltrans pitching bridges project on Avenue of the Giants\u003c/a>\u003cstrong> \u003c/strong>(Times Standard)\u003ca href=\"http://www.dailynews.com/news/ci_17356768\" target=\"_self\">\u003cbr>\n\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"description": "Rachael Myrow here, host of the California Report, with a handful of links to cool and/or important stories outside the Bay Area local readers should check out. With Demolition, Apple Chief Makes Way for House 2.0 (New York Times) Judge Blasts Barclays Over Del Monte Sale (Wall Street Journal) Armstrong confirms retirement, won't be competing",
"title": "Rachael's Breakfast Blend: Jobs Demolishes Woodside Mansion; No Armstrong in Tour of Calif. | KQED",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Rachael Myrow here, host of the \u003ca href=\"http://www.californiareport.org/\">California Report\u003c/a>, with a handful of links to cool and/or important stories outside the Bay Area local readers should check out.\u003c/p>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cul>\n\u003cli>\u003ca title=\"http://www.nytimes.com/2011/02/16/us/16jobs.html?emc=tnt&tntemail0=y\" href=\"http://www.nytimes.com/2011/02/16/us/16jobs.html?emc=tnt&tntemail0=y\">With Demolition, Apple Chief Makes Way for House 2.0\u003c/a> (New York Times)\u003c/li>\n\u003cli>\u003ca title=\"http://online.wsj.com/article/SB10001424052748704409004576146471401456158.html?mod=hps_us_my_companies\" href=\"http://online.wsj.com/article/SB10001424052748704409004576146471401456158.html?mod=hps_us_my_companies\">Judge Blasts Barclays Over Del Monte Sale\u003c/a> (Wall Street Journal)\u003c/li>\n\u003cli>\u003ca href=\"http://www.velonation.com/News/ID/7453/Armstrong-confirms-retirement-wont-be-competing-in-Tour-of-California.aspx\" target=\"_self\">Armstrong confirms retirement, won't be competing in Tour of California\u003c/a> (VeloNation)\u003c/li>\n\u003cli>\u003ca title=\"http://chronicle.com/blogs/wiredcampus/stanford-u-research-could-eliminate-cellphone-dead-zones/29806?sid=at&utm_source=at&utm_medium=en\" href=\"http://chronicle.com/blogs/wiredcampus/stanford-u-research-could-eliminate-cellphone-dead-zones/29806?sid=at&utm_source=at&utm_medium=en\">Stanford U. Research Could Eliminate Cellphone Dead Zones\u003c/a> (Chronicle of Higher Education)\u003c/li>\n\u003cli>\u003ca href=\"http://www.times-standard.com/localnews/ci_17400709\">Caltrans pitching bridges project on Avenue of the Giants\u003c/a>\u003cstrong> \u003c/strong>(Times Standard)\u003ca href=\"http://www.dailynews.com/news/ci_17356768\" target=\"_self\">\u003cbr>\n\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Chevron Loses Huge Environmental Suit, But Will It Ever Pay? ",
"title": "Chevron Loses Huge Environmental Suit, But Will It Ever Pay? ",
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"content": "\u003cfigure id=\"attachment_16577\" class=\"wp-caption alignleft\" style=\"max-width: 240px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/chevronecuadorSM.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/chevronecuadorSM.jpg\" alt=\"\" title=\"chevronecuadorSM\" width=\"240\" height=\"168\" class=\"size-full wp-image-16577\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Protestors hold photos of Ecuadorians affected by toxic waste (Photo: Justin Sullivan/Getty) \u003c/figcaption>\u003c/figure>\n\u003cp>An Ecuadorean court yesterday ordered Chevron to pay $8.64 billion to a group of several dozen plaintiffs acting on behalf of indigenous groups, who suffered ill health effects due to oil exploration in the country's rainforest.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The payout would be the second largest in history for environmental damages, surpassed only by the $20 billion BP agreed to pay into a settlement fund for victims of last year's Gulf oil spill. The case has been going on since 1993 and has been litigated in both the U.S. and Ecuador. \u003c/p>\n\u003cp>Both the plaintiffs, who feel the award is insufficient, and Chevron plan to \u003ca href=\"http://edition.cnn.com/2011/WORLD/americas/02/15/ecuador.chevron/\">appeal\u003c/a>.\u003c/p>\n\u003cp>The environmental damage over a nearly 30-year period was done by Texaco, which Chevron \u003ca href=\"http://www.nytimes.com/2000/10/16/business/chevron-agrees-to-buy-texaco-for-stock-valued-at-36-billion.html\">bought\u003c/a> in 2000, in partnership with Ecuador's state oil company. Therein lies the dispute. From the New York Times: \u003c/p>\n\u003cblockquote>\u003cp>The plaintiffs claim that Chevron must be held responsible for damage where Texaco once operated. Chevron, however, argues that Texaco carried out a cleanup agreement with the Ecuadorean government and that much of the damage was done after Texaco left in the early 1990s, actions for which it should not be held responsible.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The seemingly intractable suit, which was filed in 1993, ensnarled filmmaker \u003ca href=\"http://www.imdb.com/name/nm0075666/\">Joe Berlinger\u003c/a> after he produced and directed \u003cem>\u003ca href=\"http://www.crudethemovie.com/\">Crude\u003c/a>\u003c/em>, a documentary about the case. \u003ca href=\"http://www.youtube.com/watch?v=duFXuRnd2CU&feature=player_embedded#at=123\">Trailer here\u003c/a>:\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ciframe width=\"420\" height=\"262\" src=\"http://www.youtube.com/embed/duFXuRnd2CU\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>A.O. Scott, the Times' movie reviewer, \u003ca href=\"http://movies.nytimes.com/2009/09/09/movies/09crude.html\">wrote this\u003c/a> about the film: \u003c/p>\n\u003cblockquote>\u003cp>...while Mr. Berlinger’s sympathies clearly lie with the oddly matched pair of lawyers — Steven Donziger, a big, outgoing American, and Pablo Fajardo, a wiry, diffident Ecuadorean — who are consumed by the now 16-year-old suit against Chevron, he is fair-minded enough to include rebuttals from the company’s executives and in-house environmental scientists. \u003c/p>\u003c/blockquote>\n\u003cp>Not fair enough for Chevron, apparently. The company won a lawsuit in which Berlinger was \u003ca href=\"http://articles.latimes.com/2010/jul/16/entertainment/la-et-crude-20100716\">required\u003c/a> to hand over certain outtakes that the company says show legal and political manipulation on the part of Donziger. Chevron is using those clips as part of a public relations campaign against the high-profile \u003ca href=\"http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201102072159dowjonesdjonline000266&title=patton-boggs-sues-chevron-legal-team-in-ecuador-case\">legal team\u003c/a>. (By the way, type in \"\u003ca href=\"http://www.google.com/search?q=chevron+ecuador&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a\">Chevron Ecuador\u003c/a>\" into Google, and you'll see the oil giant's text ad linking to its site about the case). Chevron also cited the omitted video recently as part of a \u003ca href=\"http://abclocal.go.com/kgo/story?section=news/local/east_bay&id=7934262\">countersuit\u003c/a>, including federal racketeering claims, against plaintiffs' attorneys. (You can watch some of those \u003ca href=\"http://www.youtube.com/user/TexacoEcuador\">\u003cstrong>outtakes\u003c/strong>\u003c/a>.) \u003c/p>\n\u003cp>This 2010 \u003ca href=\"http://www.law.com/jsp/cc/PubArticleCC.jsp?id=1202472359928&Chevron_Follows_Up_Its_Blockbuster_Release_With_a_Sequel\">article\u003c/a> from The American Lawyer describes the impact of one of the clips:\u003c/p>\n\u003cblockquote>\u003cp>In one of the key outtakes... Donziger remarks:\u003c/p>\n\u003cp>\"We have concluded that we need to do more, politically, to control the court, to pressure the court. We believe they make decisions based on who they fear the most, not based on what the laws should dictate. So, what we want to do is to take over the court with a massive protest... It's a huge effort, it costs money...\u003c/p>\n\u003cp>Donziger goes on: \"This is Ecuador. ... You can say whatever you want, and at the end of the day, there's a thousand people around the courthouse, you're going to get what you want. Sorry, but it's true.\"\u003c/p>\n\u003cp>...It's hard to read the transcripts filed by Chevron without concluding that Donziger's intent in doing so was to put political pressure on the court. \u003c/p>\u003c/blockquote>\n\u003cp>Whatever the legal and p.r. tactics on both sides, the key question now is: Will Chevron ultimately have to pay? Legal experts interviewed by the \u003ca href=\"http://www.nytimes.com/2011/02/15/world/americas/15ecuador.html?_r=1#h%5B%5D\">Times\u003c/a>, \u003ca href=\"http://blogs.forbes.com/danielfisher/2011/02/15/chevron-ecuador-plaintiffs-face-tough-sell-in-u-s/\">Forbes\u003c/a>, and \u003ca href=\"http://www.businessweek.com/news/2011-02-15/chevron-s-ecuador-award-unenforceable-analysts-say.html\">Bloomberg\u003c/a> sound dubious. Some quotes:\u003c/p>\n\u003cblockquote>\u003cp>\n\"It’s probably unenforceable. I wouldn’t want to say $8 billion is insignificant in any way, shape or form for Chevron, because it’s not, but given the lack of local assets, Ecuador is going to have difficulty enforcing this.”\u003cbr>\n--Mark Gilman, an analyst at Benchmark Co. in New York\u003c/p>\n\u003cp>“It’s cheaper for Chevron to pay the lawyers than to pay for the lawsuit. It’s a simple business case for them.”\u003cbr>\n--William Adams, portfolio manager at Resilience AG in Zurich\u003c/p>\n\u003cp>\"Whether any portion of the claims will be paid by Chevron is less clear.”\u003cbr>\n--David M. Uhlmann, University of Michigan environmental law professor\u003c/p>\n\u003cp>\"It might as well be Monopoly money, given all the respect that Chevron will show it. There is a legal regime for enforcing foreign judgments but there is a lot of discretion for U.S. judges to suspend the enforcement of foreign judgments.”\u003cbr>\n--Ralph G. Steinhardt, George Washington University professor of law and international affairs\u003c/p>\n\u003cp>\"They could try to seize things on a piecemeal basis around the world, no question about it. But if they take it to the U.S, which I always thought they contemplated as Plan A, they’re going to struggle to get it enforced.”\u003cbr>\n--Jonathan Drimmer, corporate defense lawyer at Steptoe & Johnson \u003c/p>\n\u003c/blockquote>\n\u003cp>Daniel Fisher's \u003ca href=\"http://blogs.forbes.com/danielfisher/2011/02/15/chevron-ecuador-plaintiffs-face-tough-sell-in-u-s/\">Full Disclosure\u003c/a> blog on Forbes examines Chevron's legal strategy in trying to establish the Ecuador trial as invalid:\u003c/p>\n\u003cblockquote>\u003cp>Judges in the U.S. will reject a foreign judgment achieved through a process not to their liking. It has to be more than basic differences in court rules, said Ralf Michaels, a professor of international law at Duke University School of Law.\u003c/p>\n\u003cp>“Showing that the procedure differs, that you dont have a jury system, for example, won’t work,” said Michaels. “You need to show something like undue contact between a party and the judge, proof of bribery or procedural fraud.”\u003c/p>\n\u003cp>All of which Chevron has methodically tried to establish in proceedings before U.S. courts over the past year. U.S. District Judge Lewis Kaplanhas been particularly receptive to Chevron’s efforts to obtain evidence to support its case, ordering the plaintiffs to turn over internal documents that normally would be behind an armor-plated wall of attorney-client privilege. Those documents show the plaintiffs supplied the bulk of the scientific damages report submitted by a supposedly independent court expert, who was also paid by the plaintiff lawyers.\u003c/p>\n\u003cp>Read through the filings and interesting tidbits emerge: Why did the oil company’s lawyers at Gibson Dunn spend so much time in one deposition getting plaintiff lawyers to explain why they moved a staffer overseeing the scientific evidence to a separate, private office? Acting in secrecy, some might argue, is evidence of scienter or guilty conscience, a necessary element of fraud. (The plaintiffs say there is nothing wrong, under Ecuador law, with supplying information to a court expert, and the judge reportedly said he didn’t consider the expert’s report in setting damages anyway.)\u003c/p>\u003c/blockquote>\n\u003cp>Still, Fisher puts it this way: \"\u003ca href=\"http://www.chevron.com/ecuador/?gclid=CJX1xOSki6cCFRtVgwodTUM7gg\">Chevron says\u003c/a> it won’t pay a dime, ever. That’s what defendants always say, of course, right up until they settle.\" \u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>And of course plaintiffs say they will pursue the case to the bitter end.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_16577\" class=\"wp-caption alignleft\" style=\"max-width: 240px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/chevronecuadorSM.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/chevronecuadorSM.jpg\" alt=\"\" title=\"chevronecuadorSM\" width=\"240\" height=\"168\" class=\"size-full wp-image-16577\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Protestors hold photos of Ecuadorians affected by toxic waste (Photo: Justin Sullivan/Getty) \u003c/figcaption>\u003c/figure>\n\u003cp>An Ecuadorean court yesterday ordered Chevron to pay $8.64 billion to a group of several dozen plaintiffs acting on behalf of indigenous groups, who suffered ill health effects due to oil exploration in the country's rainforest.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The payout would be the second largest in history for environmental damages, surpassed only by the $20 billion BP agreed to pay into a settlement fund for victims of last year's Gulf oil spill. The case has been going on since 1993 and has been litigated in both the U.S. and Ecuador. \u003c/p>\n\u003cp>Both the plaintiffs, who feel the award is insufficient, and Chevron plan to \u003ca href=\"http://edition.cnn.com/2011/WORLD/americas/02/15/ecuador.chevron/\">appeal\u003c/a>.\u003c/p>\n\u003cp>The environmental damage over a nearly 30-year period was done by Texaco, which Chevron \u003ca href=\"http://www.nytimes.com/2000/10/16/business/chevron-agrees-to-buy-texaco-for-stock-valued-at-36-billion.html\">bought\u003c/a> in 2000, in partnership with Ecuador's state oil company. Therein lies the dispute. From the New York Times: \u003c/p>\n\u003cblockquote>\u003cp>The plaintiffs claim that Chevron must be held responsible for damage where Texaco once operated. Chevron, however, argues that Texaco carried out a cleanup agreement with the Ecuadorean government and that much of the damage was done after Texaco left in the early 1990s, actions for which it should not be held responsible.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The seemingly intractable suit, which was filed in 1993, ensnarled filmmaker \u003ca href=\"http://www.imdb.com/name/nm0075666/\">Joe Berlinger\u003c/a> after he produced and directed \u003cem>\u003ca href=\"http://www.crudethemovie.com/\">Crude\u003c/a>\u003c/em>, a documentary about the case. \u003ca href=\"http://www.youtube.com/watch?v=duFXuRnd2CU&feature=player_embedded#at=123\">Trailer here\u003c/a>:\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ciframe width=\"420\" height=\"262\" src=\"http://www.youtube.com/embed/duFXuRnd2CU\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>A.O. Scott, the Times' movie reviewer, \u003ca href=\"http://movies.nytimes.com/2009/09/09/movies/09crude.html\">wrote this\u003c/a> about the film: \u003c/p>\n\u003cblockquote>\u003cp>...while Mr. Berlinger’s sympathies clearly lie with the oddly matched pair of lawyers — Steven Donziger, a big, outgoing American, and Pablo Fajardo, a wiry, diffident Ecuadorean — who are consumed by the now 16-year-old suit against Chevron, he is fair-minded enough to include rebuttals from the company’s executives and in-house environmental scientists. \u003c/p>\u003c/blockquote>\n\u003cp>Not fair enough for Chevron, apparently. The company won a lawsuit in which Berlinger was \u003ca href=\"http://articles.latimes.com/2010/jul/16/entertainment/la-et-crude-20100716\">required\u003c/a> to hand over certain outtakes that the company says show legal and political manipulation on the part of Donziger. Chevron is using those clips as part of a public relations campaign against the high-profile \u003ca href=\"http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201102072159dowjonesdjonline000266&title=patton-boggs-sues-chevron-legal-team-in-ecuador-case\">legal team\u003c/a>. (By the way, type in \"\u003ca href=\"http://www.google.com/search?q=chevron+ecuador&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a\">Chevron Ecuador\u003c/a>\" into Google, and you'll see the oil giant's text ad linking to its site about the case). Chevron also cited the omitted video recently as part of a \u003ca href=\"http://abclocal.go.com/kgo/story?section=news/local/east_bay&id=7934262\">countersuit\u003c/a>, including federal racketeering claims, against plaintiffs' attorneys. (You can watch some of those \u003ca href=\"http://www.youtube.com/user/TexacoEcuador\">\u003cstrong>outtakes\u003c/strong>\u003c/a>.) \u003c/p>\n\u003cp>This 2010 \u003ca href=\"http://www.law.com/jsp/cc/PubArticleCC.jsp?id=1202472359928&Chevron_Follows_Up_Its_Blockbuster_Release_With_a_Sequel\">article\u003c/a> from The American Lawyer describes the impact of one of the clips:\u003c/p>\n\u003cblockquote>\u003cp>In one of the key outtakes... Donziger remarks:\u003c/p>\n\u003cp>\"We have concluded that we need to do more, politically, to control the court, to pressure the court. We believe they make decisions based on who they fear the most, not based on what the laws should dictate. So, what we want to do is to take over the court with a massive protest... It's a huge effort, it costs money...\u003c/p>\n\u003cp>Donziger goes on: \"This is Ecuador. ... You can say whatever you want, and at the end of the day, there's a thousand people around the courthouse, you're going to get what you want. Sorry, but it's true.\"\u003c/p>\n\u003cp>...It's hard to read the transcripts filed by Chevron without concluding that Donziger's intent in doing so was to put political pressure on the court. \u003c/p>\u003c/blockquote>\n\u003cp>Whatever the legal and p.r. tactics on both sides, the key question now is: Will Chevron ultimately have to pay? Legal experts interviewed by the \u003ca href=\"http://www.nytimes.com/2011/02/15/world/americas/15ecuador.html?_r=1#h%5B%5D\">Times\u003c/a>, \u003ca href=\"http://blogs.forbes.com/danielfisher/2011/02/15/chevron-ecuador-plaintiffs-face-tough-sell-in-u-s/\">Forbes\u003c/a>, and \u003ca href=\"http://www.businessweek.com/news/2011-02-15/chevron-s-ecuador-award-unenforceable-analysts-say.html\">Bloomberg\u003c/a> sound dubious. Some quotes:\u003c/p>\n\u003cblockquote>\u003cp>\n\"It’s probably unenforceable. I wouldn’t want to say $8 billion is insignificant in any way, shape or form for Chevron, because it’s not, but given the lack of local assets, Ecuador is going to have difficulty enforcing this.”\u003cbr>\n--Mark Gilman, an analyst at Benchmark Co. in New York\u003c/p>\n\u003cp>“It’s cheaper for Chevron to pay the lawyers than to pay for the lawsuit. It’s a simple business case for them.”\u003cbr>\n--William Adams, portfolio manager at Resilience AG in Zurich\u003c/p>\n\u003cp>\"Whether any portion of the claims will be paid by Chevron is less clear.”\u003cbr>\n--David M. Uhlmann, University of Michigan environmental law professor\u003c/p>\n\u003cp>\"It might as well be Monopoly money, given all the respect that Chevron will show it. There is a legal regime for enforcing foreign judgments but there is a lot of discretion for U.S. judges to suspend the enforcement of foreign judgments.”\u003cbr>\n--Ralph G. Steinhardt, George Washington University professor of law and international affairs\u003c/p>\n\u003cp>\"They could try to seize things on a piecemeal basis around the world, no question about it. But if they take it to the U.S, which I always thought they contemplated as Plan A, they’re going to struggle to get it enforced.”\u003cbr>\n--Jonathan Drimmer, corporate defense lawyer at Steptoe & Johnson \u003c/p>\n\u003c/blockquote>\n\u003cp>Daniel Fisher's \u003ca href=\"http://blogs.forbes.com/danielfisher/2011/02/15/chevron-ecuador-plaintiffs-face-tough-sell-in-u-s/\">Full Disclosure\u003c/a> blog on Forbes examines Chevron's legal strategy in trying to establish the Ecuador trial as invalid:\u003c/p>\n\u003cblockquote>\u003cp>Judges in the U.S. will reject a foreign judgment achieved through a process not to their liking. It has to be more than basic differences in court rules, said Ralf Michaels, a professor of international law at Duke University School of Law.\u003c/p>\n\u003cp>“Showing that the procedure differs, that you dont have a jury system, for example, won’t work,” said Michaels. “You need to show something like undue contact between a party and the judge, proof of bribery or procedural fraud.”\u003c/p>\n\u003cp>All of which Chevron has methodically tried to establish in proceedings before U.S. courts over the past year. U.S. District Judge Lewis Kaplanhas been particularly receptive to Chevron’s efforts to obtain evidence to support its case, ordering the plaintiffs to turn over internal documents that normally would be behind an armor-plated wall of attorney-client privilege. Those documents show the plaintiffs supplied the bulk of the scientific damages report submitted by a supposedly independent court expert, who was also paid by the plaintiff lawyers.\u003c/p>\n\u003cp>Read through the filings and interesting tidbits emerge: Why did the oil company’s lawyers at Gibson Dunn spend so much time in one deposition getting plaintiff lawyers to explain why they moved a staffer overseeing the scientific evidence to a separate, private office? Acting in secrecy, some might argue, is evidence of scienter or guilty conscience, a necessary element of fraud. (The plaintiffs say there is nothing wrong, under Ecuador law, with supplying information to a court expert, and the judge reportedly said he didn’t consider the expert’s report in setting damages anyway.)\u003c/p>\u003c/blockquote>\n\u003cp>Still, Fisher puts it this way: \"\u003ca href=\"http://www.chevron.com/ecuador/?gclid=CJX1xOSki6cCFRtVgwodTUM7gg\">Chevron says\u003c/a> it won’t pay a dime, ever. That’s what defendants always say, of course, right up until they settle.\" \u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>Rachael Myrow here, host of the \u003ca href=\"http://www.californiareport.org/\">California Report\u003c/a>, with a handful of links to cool and/or important stories outside the Bay Area local readers should check out.\u003c/p>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cul>\n\u003cli>\u003ca title=\"Federal suit challenges curfews imposed by gang injunctions\" href=\"http://www.latimes.com/news/local/la-me-0215-gang-curfew-20110214,0,5992408.story\" target=\"_top\" rel=\"noopener\">Federal suit challenges curfews imposed by gang injunctions\u003c/a> (Los Angeles Times)\u003c/li>\n\u003cli>\u003ca title=\"Thomas A. Saenz: Brown considers an activist for state Supreme Court appointment\" href=\"http://www.latimes.com/news/local/la-me-brown-justice-20110214,0,5084220.story\" target=\"_top\" rel=\"noopener\">Thomas A. Saenz: Brown considers an activist for state Supreme Court appointment\u003c/a> (Los Angeles Times)\u003c/li>\n\u003cli>\u003ca title=\"http://chronicle.com/blogs/postcards/after-25-years-of-losses-caltech-basketball-instills-fears-in-presidents-hearts/951?sid=at&utm_source=at&utm_medium=en\" href=\"http://chronicle.com/blogs/postcards/after-25-years-of-losses-caltech-basketball-instills-fears-in-presidents-hearts/951?sid=at&utm_source=at&utm_medium=en\">After 25 Years of Losses, Caltech Basketball Instills Fears in Presidents’ Hearts\u003c/a>\u003cbr>\n(Chronicle of Higher Education)\u003c/li>\n\u003cli>\u003ca href=\"http://www.times-standard.com/localnews/ci_17391417\">Atmospheric observatory coming to Humboldt; equipment in Eureka area will help meteorologists better gauge big winter storms\u003c/a>\u003cstrong> \u003c/strong>(Times-Standard)\u003c/li>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/BT-CO-20110215-707831.html?mod=hps_us_my_companies\">Big Pharma Patent Expirations To Sock 2012 US Drug Sales\u003c/a> (Wall Street Journal)\u003ca href=\"http://www.dailynews.com/news/ci_17356768\" target=\"_self\" rel=\"noopener\">\u003cbr>\n\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"description": "Rachael Myrow here, host of the California Report, with a handful of links to cool and/or important stories outside the Bay Area local readers should check out. Federal suit challenges curfews imposed by gang injunctions (Los Angeles Times) Thomas A. Saenz: Brown considers an activist for state Supreme Court appointment (Los Angeles Times) After 25 Years of Losses, Caltech Basketball Instills Fears in Presidents' Hearts (Chronicle of Higher Education) Atmospheric observatory coming to Humboldt; equipment in Eureka area will help meteorologists better gauge big winter storms (Times-Standard) Big Pharma Patent Expirations To Sock 2012 US Drug Sales (Wall Street Journal)",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Rachael Myrow here, host of the \u003ca href=\"http://www.californiareport.org/\">California Report\u003c/a>, with a handful of links to cool and/or important stories outside the Bay Area local readers should check out.\u003c/p>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cul>\n\u003cli>\u003ca title=\"Federal suit challenges curfews imposed by gang injunctions\" href=\"http://www.latimes.com/news/local/la-me-0215-gang-curfew-20110214,0,5992408.story\" target=\"_top\" rel=\"noopener\">Federal suit challenges curfews imposed by gang injunctions\u003c/a> (Los Angeles Times)\u003c/li>\n\u003cli>\u003ca title=\"Thomas A. Saenz: Brown considers an activist for state Supreme Court appointment\" href=\"http://www.latimes.com/news/local/la-me-brown-justice-20110214,0,5084220.story\" target=\"_top\" rel=\"noopener\">Thomas A. Saenz: Brown considers an activist for state Supreme Court appointment\u003c/a> (Los Angeles Times)\u003c/li>\n\u003cli>\u003ca title=\"http://chronicle.com/blogs/postcards/after-25-years-of-losses-caltech-basketball-instills-fears-in-presidents-hearts/951?sid=at&utm_source=at&utm_medium=en\" href=\"http://chronicle.com/blogs/postcards/after-25-years-of-losses-caltech-basketball-instills-fears-in-presidents-hearts/951?sid=at&utm_source=at&utm_medium=en\">After 25 Years of Losses, Caltech Basketball Instills Fears in Presidents’ Hearts\u003c/a>\u003cbr>\n(Chronicle of Higher Education)\u003c/li>\n\u003cli>\u003ca href=\"http://www.times-standard.com/localnews/ci_17391417\">Atmospheric observatory coming to Humboldt; equipment in Eureka area will help meteorologists better gauge big winter storms\u003c/a>\u003cstrong> \u003c/strong>(Times-Standard)\u003c/li>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/BT-CO-20110215-707831.html?mod=hps_us_my_companies\">Big Pharma Patent Expirations To Sock 2012 US Drug Sales\u003c/a> (Wall Street Journal)\u003ca href=\"http://www.dailynews.com/news/ci_17356768\" target=\"_self\" rel=\"noopener\">\u003cbr>\n\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Ecuador Judge Rules Against Chevron",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/chevron.gif\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/chevron.gif\" alt=\"\" title=\"chevron\" width=\"81\" height=\"84\" class=\"alignleft size-full wp-image-16455\">\u003c/a>AP and Reuters are reporting that an Ecuadorian judge has ruled against Chevron in an environmental suit brought against the San Ramon-based oil and gas giant. Both report that a lawyer for the plaintiffs put the damages that the company was ordered to pay at $8 billion. \u003c/p>\n\u003cp>Chevron said in a \u003ca href=\"http://www.chevron.com/chevron/pressreleases/article/02142011_illegitimatejudgmentagainstchevroninecuadorlawsuit.news\">statement\u003c/a> that “The Ecuadorian court’s judgment is illegitimate and unenforceable. It is the product of fraud and is contrary to the legitimate scientific evidence. Chevron will appeal this decision in Ecuador and intends to see that justice prevails.”\u003c/p>\n\u003cp>Perhaps the market feels the same way. \u003ca href=\"http://finance.yahoo.com/q?s=CVX\">Shares\u003c/a> finished up just over one percent.\u003c/p>\n\u003cp>For the two sides of the story, here are \u003ca href=\"http://www.chevron.com/ecuador/\">Chevron's Ecuador page\u003c/a> and a site called \"\u003ca href=\"http://chevrontoxico.com/\">ChevronToxico\u003c/a>,\" which aims to rebut the company's defense in the long-running dispute. \u003c/p>\n\u003cp>You can read a \u003ca href=\"http://en.wikipedia.org/wiki/Chevron_Corporation#Environmental_damage_in_Ecuador\">short history\u003c/a> of the case at Wikipedia.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The full story, from AP:\u003c/p>\n\u003cblockquote>\u003cp>An Ecuadorean judge ruled Monday that Chevron Corp. was responsible for oil contamination in a wide swath of Ecuador's northern jungle and fined it at least $8 billion, the plaintiffs' lead attorney told The Associated Press.\u003c/p>\n\u003cp>Chevron said it would appeal and called the ruling \"illegitimate and unenforceable\" in a news release.\u003c/p>\n\u003cp>The plaintiffs' lawyer, Pablo Fajardo, called the judgment \"a great step that we have made toward the crystalization of justice.\"\u003c/p>\n\u003cp>He told the AP, however, that he considered the damage award too low and was also considering an appeal.\u003c/p>\n\u003cp>Fajardo said by telephone that he had just received the 187-page ruling and needed to digest it before commenting further.\u003c/p>\n\u003cp>Chevron has long contended that the court-appointed expert in the case was unduly influenced by the plaintiffs.\u003c/p>\n\u003cp>In its statement Monday, the corporation called the ruling \"the product of fraud (and) contrary to the legitimate scientific evidence.\"\u003c/p>\n\u003cp>The suit stems from damages sought on behalf of 30,000 people for environmental contamination and illnesses that allegedly resulted from Texaco's operation of an oil consortium from 1972 to 1990.\u003c/p>\n\u003cp>Chevron bought Texaco in 2001.\u003c/p>\u003c/blockquote>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The full story, from AP:\u003c/p>\n\u003cblockquote>\u003cp>An Ecuadorean judge ruled Monday that Chevron Corp. was responsible for oil contamination in a wide swath of Ecuador's northern jungle and fined it at least $8 billion, the plaintiffs' lead attorney told The Associated Press.\u003c/p>\n\u003cp>Chevron said it would appeal and called the ruling \"illegitimate and unenforceable\" in a news release.\u003c/p>\n\u003cp>The plaintiffs' lawyer, Pablo Fajardo, called the judgment \"a great step that we have made toward the crystalization of justice.\"\u003c/p>\n\u003cp>He told the AP, however, that he considered the damage award too low and was also considering an appeal.\u003c/p>\n\u003cp>Fajardo said by telephone that he had just received the 187-page ruling and needed to digest it before commenting further.\u003c/p>\n\u003cp>Chevron has long contended that the court-appointed expert in the case was unduly influenced by the plaintiffs.\u003c/p>\n\u003cp>In its statement Monday, the corporation called the ruling \"the product of fraud (and) contrary to the legitimate scientific evidence.\"\u003c/p>\n\u003cp>The suit stems from damages sought on behalf of 30,000 people for environmental contamination and illnesses that allegedly resulted from Texaco's operation of an oil consortium from 1972 to 1990.\u003c/p>\n\u003cp>Chevron bought Texaco in 2001.\u003c/p>\u003c/blockquote>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cfigure id=\"attachment_16262\" class=\"wp-caption alignright\" style=\"max-width: 200px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/waelghonim3.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/waelghonim3-300x199.jpg\" alt=\"\" title=\"waelghonim\" width=\"200\" height=\"133\" class=\"size-medium wp-image-16262\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Photo: Facebook\u003c/figcaption>\u003c/figure>\n\u003cp>CNN today \u003ca href=\"http://www.cnn.com/video/#/video/bestoftv/2011/02/11/exp.ghonim.facebook.thanks.cnn?hpt=Sbin\">\u003cstrong>interviewed\u003c/strong>\u003c/a> Wael Ghonim, the Google marketing executive and anti-government activist who became an inspiration to Egyptian protesters after being freed from custody and giving an emotional \u003ca href=\"http://ww2.kqed.org/news/2011/02/08/video-googles-wael-ghonim-gives-interview-to-egyptian-tv/\">interview\u003c/a> on TV.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Questioned by Wolf Blitzer today, Ghonim credited the Internet and especially Facebook for facilitating the country's revolution. \"I want to meet Mark Zuckerberg one day and thank him,\" Ghonim said. \"The Internet helps you fight the media war, which is basically a war the Egyptian regime played really well in 1970, 1980, 1990. And when the Internet came, it really couldn't.\"\u003c/p>\n\u003cp>When asked if he would enter Egyptian politics now, Ghonim said, \"I want to go back to my company and work.\"\u003c/p>\n\u003cp>Ghonim of course is \u003ca href=\"http://twitter.com/#!/Ghonim\">tweeting\u003c/a> up a storm...\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://www.cnn.com/video/#/video/bestoftv/2011/02/11/exp.ghonim.facebook.thanks.cnn?hpt=Sbin\">\u003cstrong>WATCH THE VIDEO\u003c/strong>\u003c/a>\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://ww2.kqed.org/news/2011/02/11/reports-mubarak-quits-presidency/\">Follow events in Egypt live\u003c/a>\u003c/li>\n\u003c/ul>\n",
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"content": "\u003cdiv id=\"articlebody\">\n\u003cfigure id=\"attachment_16090\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/SwipeCard-1.jpg\">\u003cimg class=\"size-medium wp-image-16090\" title=\"SwipeCard-1\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/SwipeCard-1-300x168.jpg\" alt=\"\" width=\"300\" height=\"168\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Credit: Flickr/kentb)\u003c/figcaption>\u003c/figure>\n\u003cp>You're at the checkout counter with your credit card in hand when the cashier asks for your zip code. You may think the question is leading to a new \u003ca href=\"http://americanapparel.net/\">American Apparel\u003c/a>/\u003ca href=\"http://www.wholefoodsmarket.com/\">Whole Foods\u003c/a>/\u003ca href=\"http://johncampbells.com/\">John Campbell's Irish Bakery\u003c/a> in your neighborhood. That may be, but \u003ca href=\"http://www.williams-sonoma.com/\">Williams Sonoma\u003c/a> was also building a reverse search database. You know, so the San Francisco-based retailer can figure out where you live....presumably to give you a new reason to update your opt-out profile with \u003ca href=\"https://www.catalogchoice.org/\">Catalog Choice\u003c/a>.\u003c/p>\n\u003cp>Tracking zip codes like that violates the Song-Beverly Credit Card Act of 1971 (Civ. Code, § 1747 et seq.), according to the state \u003ca href=\"http://www.courtinfo.ca.gov/courts/supreme/\">Supreme Court.\u003c/a>\u003c/p>\n\u003cp>Today's 17 page \u003ca href=\"http://www.courtinfo.ca.gov/opinions/documents/S178241.PDF\">ruling\u003c/a> overturns an appellate court's 2008 ruling to the contrary. The Supreme Court justices determined unanimously that Williams-Sonoma offered no reason that would justify \"departing\" from the \"statute's plain language, protective purpose and legislative history.\"\u003c/p>\n\u003cp>This just in: \u003ca href=\"http://www.google.com/weddings/\">Google Weddings\u003c/a>. I like the \u003ca href=\"http://www.google.com/weddings/sites_caribbean.html\">Caribbean theme\u003c/a>, but isn't Google \u003ca href=\"http://online.wsj.com/article/SB10001424052748703467304575383203092034876.html?mod=WSJ_0_0_WZ_Tmpl_Reno_RIGHTTopCarousel_1\">totally capable\u003c/a> of reverse searching what computer I'm browsing on? Isn't Williams-Sonoma as well?\u003c/p>\n\u003c/div>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cp>Rachael Myrow here, host of the \u003ca href=\"http://www.californiareport.org/\">California Report\u003c/a>, with a handful of links to cool and/or important stories outside the Bay Area local readers should check out.\u003c/p>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cdiv>\n\u003cul>\n\u003cli>\u003ca title=\"http://www.nytimes.com/2011/02/10/business/global/10hack.html?emc=tnt&tntemail0=y\" href=\"http://www.nytimes.com/2011/02/10/business/global/10hack.html?emc=tnt&tntemail0=y\">Hackers Breach Systems of 5 Multinational Oil Companies\u003c/a> (New York Times)\u003c/li>\n\u003cli>\u003ca title=\"http://www.nytimes.com/2011/02/10/arts/music/10grand.html?emc=tnt&tntemail0=y\" href=\"http://www.nytimes.com/2011/02/10/arts/music/10grand.html?emc=tnt&tntemail0=y\">Houston Grand Opera Offers Heggie’s ‘Dead Man Walking’\u003c/a> (New York Times)\u003c/li>\n\u003cli>\u003ca href=\"http://www.pe.com/localnews/stories/PE_News_Local_D_wready10.173b4d8.html\">High school grads lack college skills\u003c/a> (Riverside Press Enterprise)\u003c/li>\n\u003cli>\u003ca href=\"http://blogs.wsj.com/digits/2011/02/09/berkeley-researchers-hope-to-light-way-with-tiny-laser/?KEYWORDS=California\">Berkeley Researchers Hope to Light Way with Tiny Laser\u003c/a> (Wall Street Journal)\u003c/li>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/SB10001424052748704422204576130520662465078.html?KEYWORDS=California\">Former Sun CEO Worries About Silicon Valley's Prospects\u003c/a> (Wall Street Journal)\u003c/li>\n\u003c/ul>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"disqusTitle": "Oakland's Cost Plus: King of the Nasdaq!",
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"content": "\u003cp>Perhaps you tried to goose your stock portfolio last year by putting your faith in groundbreaking electronic products like the iPad by Apple, or essential online tools like the search algorithms cooked up by Google.\u003c/p>\n\u003cp>If you did, you probably made out okay. But who knew real financial gain lay in banking on demand for \u003ca href=\"http://www.worldmarket.com/product/index.jsp?productId=10918676\">shaggy bath mats\u003c/a> and \u003ca href=\"http://www.worldmarket.com/product/index.jsp?productId=3596069\">glass ball tea light holders\u003c/a>? \u003c/p>\n\u003cp>\u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/02/05/BU4U1HIMBP.DTL&type=business\">Bloomberg\u003c/a> reported the other day that \"Cost Plus, the Oakland-based home-goods retailer, gained 851 percent in 2010, besting the other 2,673 members of the Nasdaq Composite Index...\"\u003c/p>\n\n\u003cp>Eight hundred and fifty one percent! That's $85,000 for an initial investment of ten grand. Who knew! I guess a stock going from \u003ca href=\"http://finance.yahoo.com/q/bc?s=CPWM&t=1y&l=off&z=l&q=l&c=\">1 to 9\u003c/a> doesn't have the same sex appeal as even one with a more modest increase that dallies in the three-digit range. Plus, you know...retail. \u003c/p>\n\u003cp>Look at this \u003ca href=\"http://finance.yahoo.com/echarts?s=CPWM#chart1:symbol=cpwm;range=1y;compare=goog+aapl;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined\">\u003cstrong>Yahoo! Finance chart\u003c/strong>\u003c/a> comparing Cost Plus shares to those of Google and Apple. Cost Plus kicked their Silicon Valley derrieres:\u003c/p>\n\u003cfigure id=\"attachment_15966\" class=\"wp-caption aligncenter\" style=\"max-width: 242px\">\u003ca href=\"http://finance.yahoo.com/echarts?s=CPWM#chart1:symbol=cpwm;range=1y;compare=goog+aapl;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/costplus.jpg\" alt=\"\" title=\"costplus\" width=\"242\" height=\"208\" class=\"size-full wp-image-15966\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Yahoo! Finance: Cost Plus vs. Google and Apple\u003c/figcaption>\u003c/figure>\n\u003cp>I've never been to a Cost Plus, but people seem to like it on \u003ca href=\"http://www.yelp.com/biz/cost-plus-world-market-oakland\">Yelp\u003c/a>. Here's one reductively enthusiastic comment:\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"Its like a multicultural garage sale!\"\u003c/p>\n\u003cp>Insert your own joke here...\u003c/p>\n\u003cp>Update 4:44 p.m.: A friend of mine points out the \u003ca href=\"https://mail.google.com/mail/?ui=2&ik=5a584aa8cc&view=att&th=12e0c7e6e6c147c7&attid=0.1&disp=inline&realattid=f_gjysr5e80&zw\">Cost Plus stock chart\u003c/a> from 2004 to 2009, when the stock went from about 45 down to about one, before it started shooting up in 2010. \u003c/p>\n\u003cp>So the lesson for the day: Buy low, sell high. \u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Thank you. \u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Perhaps you tried to goose your stock portfolio last year by putting your faith in groundbreaking electronic products like the iPad by Apple, or essential online tools like the search algorithms cooked up by Google.\u003c/p>\n\u003cp>If you did, you probably made out okay. But who knew real financial gain lay in banking on demand for \u003ca href=\"http://www.worldmarket.com/product/index.jsp?productId=10918676\">shaggy bath mats\u003c/a> and \u003ca href=\"http://www.worldmarket.com/product/index.jsp?productId=3596069\">glass ball tea light holders\u003c/a>? \u003c/p>\n\u003cp>\u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/02/05/BU4U1HIMBP.DTL&type=business\">Bloomberg\u003c/a> reported the other day that \"Cost Plus, the Oakland-based home-goods retailer, gained 851 percent in 2010, besting the other 2,673 members of the Nasdaq Composite Index...\"\u003c/p>\n\n\u003cp>Eight hundred and fifty one percent! That's $85,000 for an initial investment of ten grand. Who knew! I guess a stock going from \u003ca href=\"http://finance.yahoo.com/q/bc?s=CPWM&t=1y&l=off&z=l&q=l&c=\">1 to 9\u003c/a> doesn't have the same sex appeal as even one with a more modest increase that dallies in the three-digit range. Plus, you know...retail. \u003c/p>\n\u003cp>Look at this \u003ca href=\"http://finance.yahoo.com/echarts?s=CPWM#chart1:symbol=cpwm;range=1y;compare=goog+aapl;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined\">\u003cstrong>Yahoo! Finance chart\u003c/strong>\u003c/a> comparing Cost Plus shares to those of Google and Apple. Cost Plus kicked their Silicon Valley derrieres:\u003c/p>\n\u003cfigure id=\"attachment_15966\" class=\"wp-caption aligncenter\" style=\"max-width: 242px\">\u003ca href=\"http://finance.yahoo.com/echarts?s=CPWM#chart1:symbol=cpwm;range=1y;compare=goog+aapl;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/02/costplus.jpg\" alt=\"\" title=\"costplus\" width=\"242\" height=\"208\" class=\"size-full wp-image-15966\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Yahoo! Finance: Cost Plus vs. Google and Apple\u003c/figcaption>\u003c/figure>\n\u003cp>I've never been to a Cost Plus, but people seem to like it on \u003ca href=\"http://www.yelp.com/biz/cost-plus-world-market-oakland\">Yelp\u003c/a>. Here's one reductively enthusiastic comment:\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"Its like a multicultural garage sale!\"\u003c/p>\n\u003cp>Insert your own joke here...\u003c/p>\n\u003cp>Update 4:44 p.m.: A friend of mine points out the \u003ca href=\"https://mail.google.com/mail/?ui=2&ik=5a584aa8cc&view=att&th=12e0c7e6e6c147c7&attid=0.1&disp=inline&realattid=f_gjysr5e80&zw\">Cost Plus stock chart\u003c/a> from 2004 to 2009, when the stock went from about 45 down to about one, before it started shooting up in 2010. \u003c/p>\n\u003cp>So the lesson for the day: Buy low, sell high. \u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Thank you. \u003c/p>\n\n\u003c/div>\u003c/p>",
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"info": "Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. Together in Possible, Hoffman and Finger lead enlightening discussions about building a brighter collective future. The show features interviews with visionary guests like Trevor Noah, Sam Altman and Janette Sadik-Khan. Possible paints an optimistic portrait of the world we can create through science, policy, business, art and our shared humanity. It asks: What if everything goes right for once? How can we get there? Each episode also includes a short fiction story generated by advanced AI GPT-4, serving as a thought-provoking springboard to speculate how humanity could leverage technology for good.",
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"soldout": {
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"title": "SOLD OUT: Rethinking Housing in America",
"tagline": "A new future for housing",
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