Word: toxication
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Part of the problem was the lousy job Bush and Paulson did selling their plan to relieve banks of their toxic loans. They failed to brand it as an economic recovery plan instead of a bailout, a surprising mistake for an Administration renowned for giving initiatives perfumed names like Healthy Forests and Clear Skies. They began by demanding almost Napoleonic levels of authority, although they later compromised on that. They released the $700 billion figure without making it clear that the Treasury can eventually get most of the money back or even turn a profit if the economy rebounds...
...Boxer after the great bagged-spinach E. coli fiasco of 2006, the report arrives on the heels of a salmonella outbreak earlier this year, linked to tomatoes and peppers, which sickened at least 1,440 people and was America's largest food-borne-illness outbreak in a decade. Meanwhile, toxic additives in milk products in China have killed four infants, sickened 54,000 and led to recalls of Chinese dairy products worldwide...
Abandoned ships wreak havoc on the marine ecosystem long after they've sunk. Decaying wreckages leach toxic chemicals like petroleum products and PCBs that remain in the water harming or destroying sea life and potentially enter the food chain, eventually getting ingested by humans. Sometimes dead watercraft foster the growth of new sea life that threatens the pre-existing local ecosystem. On Palmyra Atoll, 1,000 miles south of Hawaii, a population explosion of corallimorph, an aggressive creature similar to anemones and coral, killed almost all the coral growing around a long-line fishing vessel that sank in 1991, according...
...Program, which is charged with disposing of old warships (which are typically dismantled and recycled or turned into museums). It took nearly $20 million to ready the ship for safe sinking in accordance with standards set forth by the Environmental Protection Agency, which concluded that the 700 lb. of toxic PCBs aboard the Oriskany had been secured and would not harm wildlife. But the science regarding the safety of artificial reefing is still being developed. Chris Dorsett, vice president of fishery conservation and management at the Ocean Conservancy, says that toxins can still leach from boats underwater and that these...
...willing to meet us halfway," Hensarling wrote. Representative Darrell Issa pushed a plan that he has advocated since the beginning of the meltdown to issue recovery bonds. And other ideas were also being touted again, such as loaning the money to Wall Street firms rather than buying their toxic mortgage-backed assets, plus an insurance scheme whereby Wall Street firms would pay to have the securities insured rather than taken off their hands...