Word: cleanups
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During his confirmation hearings, Ryan, a former Labor Department lawyer, readily conceded that he knows little about the thrift industry or the S&L cleanup, the cost of which Comptroller General Charles Bowsher estimated last week at up to $500 billion. If Ryan was in an awkward position, so were some of his Senate inquisitors, who are themselves under a cloud in the S&L mess. They are accused of favoritism toward thrift owner Charles Keating Jr., who made sizable contributions to their campaigns -- and who was a rapt spectator at the Senate hearings...
Most people -- 73% according to a recent Harris poll -- are in favor of cleaner air, of course, but there are sharp and sincere differences about how much cleaner it needs to be, what the cleanup effort will cost and who should pay. Those differences pit liberals against conservatives, business groups against consumers, and urban office workers against blue-collar labor from older industries like mining and auto manufacturing. Politically, the strongest divisions pit entire regions against one another. The new legislation takes three major approaches...
...regions that produce high-sulfur coal and the 107 Midwestern power plants that burn it. "This bill will absolutely devastate my state, leaving nothing but unemployment in its path," complained Democratic Senator Alan Dixon of Illinois. The Senate version tries to help by offering incentives to plants that buy cleanup technology and reduce pollution even more than required (they would get credits that they could sell to other plants). But the Senate narrowly rejected an amendment by former majority leader Robert Byrd of West Virginia that would have compensated Appalachian coal miners for lost jobs. Byrd then voted against...
...Ukraine and in nearby Belorussia remain contaminated with high levels of radioactivity. The poisoning of the land has created dire health problems and economic devastation. A new study by the chief economist of a Soviet government institute calculates that the cost of Chernobyl, including the price of the cleanup and the value of lost farmland and production, could run as high as $358 billion -- 20 times as much as earlier official estimates...
What is clear is that oil is still tainting much of the coastline in the sound and the Gulf of Alaska. After a helicopter tour last week, Alaska Governor Steve Cowper announced that the state would take a more aggressive role in the ongoing cleanup effort. That is not welcome news for Exxon. The company has spent $2 billion so far on the cleanup, has been indicted by the Federal Government for allowing an incompetent crew to operate the tanker and has replaced Hazelwood in many hearts and minds as the real culprit in the tragedy...